It's Jim Kramer here. You're listening to the opening bell of CBC squawk on the street.

Don't miss a minute of the action.

First of all, 100%. Why now? I've entered my fifth year. At the end of this year, I'll be

close to 68 years old. I've always said to the board, and the board has been very prepared, I would give

them plenty of notice so that they could understand and plan succession in regular order.

And that's what this is about. It's me giving them notice that at the end of this year,

I plan to retire. And then them taking the actions that they've taken. Boeing's Dave Calhoun says he's stepping down as CEO. Good Monday morning. Welcome to Squawk on the street. I'm Carl Kington-Away Jim Kramer at post-9 of the New York Stock Exchange. David Faber has the morning off. Pre-markets read on this final week of Q1 and plenty of activity for a holiday shortened week that executive shakeup at Boeing

and at least three firms eyeing higher year-end S&P targets.

A roadmap begins with Boeing though, Dave Calhoun stepping down at year-end, chairman and head of

commercial airplanes also leaving in the wake of those ongoing safety concerns.

The EU launching a probe into big tech going after meta, Apple and Alphabet,

and stocks are looking to build on their bull run, both the Dow and the S&P posting their best

weeks of the year. Let's begin, though, with the shake-up at Boeing in the wake of that company's

safety crisis. Jim, we heard Calhoun with Phil, and you said, as predicted. Yep, and I just spoke

with David.

I think that this is something that kind of had to be done.

Not forced necessarily, but the idea that they have to pick someone new.

David's going to stay at the end of the year.

It's a long cycle business.

That makes sense.

But you get someone new in there.

Maybe you get a little less heat.

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