Market moving insight and analysis. Join Jim Kramer, David Faber, and me, Carl Kintanilla,

on the opening bell hour of CNBC Squawk on the Street. Good Friday morning. Welcome to Squawk

on the street. I'm Carl Kintania with David Faber, Sarah Eisen at post nine of the New York Stock Exchange.

Kramer has the morning off. The futures are fairly steady on this final trading day of November.

Shorten session, stocks close at one Eastern,

bonds close an hour later. And speaking to bonds, 10-year 420 is about a one-month low. Our roadmap

begins, as we said, with the last trading day of the month. S&P on pace for the best month since February.

Consumer discretionary, the top performing sector. Plus, speaking of the consumer, closer look at retailers' Black Friday strategies as shoppers

across the country hit the stores.

And the FTC opens an investigation of Microsoft.

It's an antitrust pro, but the big question, will it continue in the next administration?

Let's begin with the markets in this obviously strong November for stocks, guys. We mentioned some of the month to date, but you look at year-to-date, consumer discretionary, up 25 for the year so far. Staples, not that far behind with like 18. It's been pretty broad-based, actually, and I'm looking at some of the months-to-date winners. Palantir, no surprise. Tesla is right up there. I think one of the more interesting stories this morning, you just mentioned treasuries, the round trip that we've seen for bond yields since the election. The 10-year yield is now at a level that is lower than where we were before the election. We're going back to end of October levels on the 10-year yield.

What does that tell us about how the market is processing the economic outlook, the Trump policies?

I will just say, potentially you have this rally in bonds today and a sell-off in the dollar on alleviated trade tensions.

Right? That has become front and center now that President-elect Trump put out on truth social

that he had a very productive call with the Mexican leader, Shinebaum, President

Shinebaum, and maybe different accounts, but both were very encouraging and sounded productive

that, according to him, she's going to do something about the border.

Yes. And according to her, they've already to do something about the border. Yes.

And according to her, they've already been doing it.

Exactly.

Her point is we've already been working on that.

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