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

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Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintanier with David Faber. Mike Santoli at the New York Stock Exchange. Kramer is the morning off.

Future is going to bump this morning from both TEPPER and

Drucken Miller, who blessed this market's momentum, and that's helping us look past a host of

downgrades today, some weak reports out of the transports. Europe's rallying about a percent. Housing

starts the best monthly print in over a decade and 10-year 183. Our roadmap begins with the

resilient rally, stock set for another higher open as Wall

Street looks to close out a record-setting week. Plus, Peacock joins the streaming wars. We'll give

you new details on how Comcast's forthcoming platform looks to separate itself from the streaming

flock. And joining the four comma club, alphabet now with a market value of more than a trillion

dollars, top five U.S. tech companies worth a staggering $5.2 trillion. joining the four comma club alphabet now with a market value of more than a trillion dollars

top five u.s tech companies worth a staggering 5.2 trillion altogether were more than 17% of the

s mp 500 all right so stocks looking to hit some new record highs we're getting some upbeat news on

the economy as housing starts rising december to their highest level since 06 up 16. And just to put that into perspective, we were looking for an increase of just four-tenths, amazing statistics. And then, of course, the commentary from both Teper and Drucken Miller over the past half hours done a lot. Yeah, it's all fed in the same direction. I mean, I think we're going to maybe pick a part of whether there was a factor in the housing starts and all the rest, but that is when the equity futures took another leg

higher when those numbers were reported. It comes after we got some other good housing data this

week. Yesterday, retail sales better than expected. It just become very hard to decide that the

headlines are going to get in the way of a market that's been on this autopilot hire.

I just think that the guys like David Teper and Stan Drucker Miller,

they know better than to get in the way of a market that seems to be working at a tape

that's very, very refreshed every day by really strong credit markets

and people feeling a little bit too cautious coming into the year. We're going to reach a limit to this. On every metric, the indexes are very stretched and sentiment is getting a little bit overexcited, but it's been very, very hard to pluck out that point to say, okay, it's done enough in the short term. Heading into earnings season, of course, there was a never-ending course of people who come on our air talking about, well, earnings are going to be really important. They're going to have to justify these multiples. We've only gotten the financials for the most part. What's your sense at this point? Yeah, I mean, I think people are essentially saying, oh, this reminds me of the last three quarters or so where expectations are super low. Every company is going to come out

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