It's Jim Kramer here.

You're listening to the opening bell of CBC's Squawk on the Street. Don't miss a minute of the action. Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kington, I, with Sarah Eisen and post-night of the New York Stock Exchange. Kramer and Faber have the morning off. Pre-market's pretty sturdy as we wrap up this important week of earnings, Fed speak and economic data. Housing starts a pretty good print.

Pressure some yields lower, 10-year back to 442. A roadmap begins with this record rally rolling

on. S&P posting its ninth record close of the year so far, 10 for the NAS. Netflix beating

estimates, raising its outlook as well. But the stock is trading down here in the early action. We'll get the streets take. And Chevron announcing it has completed its acquisition of Hess.

After an arbitration panel cleared the way for the merger, Chevron CEO, Mike Worth,

joins us here first on CNBC to discuss what that big deal means for the company and its investors.

Let's begin with this stock market's record run, got some new all-time highs. Again, as we said, NASDAQ for the week and for the years going to be outpacing the S&P. A lot of that has to do with what we've heard out of the AI stack and the tech stack, although some of the financials, including Amex today, pretty reassuring. Amex, thought, was a, yeah, good report. Revenue rises, card fee growth, reiterated their guidance. Pretty good read on the consumer there, especially premium consumer. But you're right, Carl, the best performing sector of the week, information technology. Yet again, wins the day. Why? Because the chick sector. We did get that in video news, that they're going to be able to export the H20 chips to China.

That was a, that was a, that Nvidia news, that they're going to be able to export the H20 chips to China. That was fuel. But the second best performing sector is industrials. And the third is financials. So starting to get some signs from corporate America, and earnings season will really start to heat up next week. But so far, so good. I'm thinking about even companies that were under pressure and facing issues around price pressure and growth,

like consumer staples, PepsiCo yesterday, had one of its best best earnings reactions ever. I'm not

saying it's, you know, necessarily the strongest read on the consumer,

but what we got from the banks, what we're starting to get from the industrials, GE Aerospace

yesterday, United last night. It's positive. Yeah, 3M today with a beat on the top and the bottom

line. All of their business segments grew. In sort of the classic fashion lately, they do raise the full year earnings

estimate, but they do trim full year organic. They were two to three. Now they're talking

two. But that does point to some of the cost efficiencies that corporates are having to adopt

because of the policy backdrop right now. I think the biggest underlying trend, Carl, is that

all of the doom and gloom from

early April, a lot of it has reversed. You know, United CEO used an interesting phrase. He said,

it's less uncertain. And the less uncertain is really filtering through into these better results

and better tones from management. You heard that from David Solomon when he was on the show earlier this week from Goldman Sachs as well. It's just

this confidence boost. We're going to get the first read of preliminary read, University of Michigan's

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