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 Monday morning.

Welcome to Squawk on the Street.

I'm Carl Kintan Air with Jim Kramer at Post 9 of the New York Stock Exchange.

David Faber has the morning off.

We're set up for a packed week of retail earnings, NVIDIA, Fed speak. Pre-market's pretty steady

with our first close at Dow 40K, now in the books. Got some positive market commentary today

as well. We'll get to all of that. Our roadmap begins with the ongoing meltup for stocks

and why one longtime bearer strategist has finally capitulated. It is

Nvidia's week and at least four analysts upping their targets ahead of results on Wednesday.

And then Apple's ongoing China Challenge reportedly slashing iPhone prices to some new lows

to counter competition from Huawei.

Let's begin though with the markets coming off in a historic week for stocks, Jim.

We got the 40K.

We closed at 11 handle on the VIX, just barely, but we did it.

People are talking about the stock market.

For the longest time, wherever I went, they talked about my tomatoes. And now I find they say, wow, what is that about?

People who have not been in, people who are thinking, is it too late?

And I try to present a constructive view, but it's gotten in people's minds grow.

And I saw some numbers from Gallup last week that said that 62% of the people now are back,

...