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. Good Friday morning. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. We are live from Post 9 at the New York Stock Exchange. Carl has the morning off. Happy Friday, everybody. Let's give you a look at futures, of course, as we get started with the final trading session of the week, as you can see, set up for a board, I guess I call that a slightly higher open. You ready? You're good? You're all right? No, I'm like not ready. I've been like up since three o'clock, but he's like talking to me. All right, I'm sorry. I got to talk to you. It's the show. All right, let's start with our roadmap, though, this morning because he doesn't seem to want to talk.

It begins with the state of stocks as the Dow and the S&P get closer to new milestones. Plus, JP Morgan's CEO, Jamie Diamond, says, all right, you know, he wants to stay in the job at least five more years. We'll talk about that.

They say he was joking.

And the U.S. and Taiwan reaching a trade agreement that will allow for

the building of chips and chip fabs here on american soil the deal has a total value over obviously

a lot of time of 250 billion dollars speaking of chip manufacturing mic ron ceo he's going to join

us in a first on cnbc talk about that company's plans for upstate New York, where it is building some big fabs as well.

Let's start with the markets.

Chip sector on track to extend its rally.

The S&P 500 continues that march toward the 7,000 mark.

What are your thoughts in this fine morning, very cold morning,

here in New York? Once again, what's happened is, and we talked to Sanjay and Roger,

people misjudged. They misjudged the amount of business, but I think it's important to talk

about. I will ask Sanjay, last year at this time, Mike Ryan had a bad miss.

They projected wrong. They projected too much. They didn't have...

There had a lot of inventory.

Obviously since then, amazing things have happened.

But this shortage is the making of the market.

Sanjay, I was very bullish a year ago.

I came out on this show and said some things about high bandwidth memory that were aggressive.

And Sanjay called me and told me that I was too bullish.

...