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 Thursday morning. Welcome to Squawk on the Street. I'm Carl Kington, I'm with Jim Kramer, David Fabry, post-9 of the New York Stock Exchange. Futures are holding their gains after the Dow's all-time high. The Fed pivot in full display. Retail sales upside surprise. Jobless claims lower since August,

the 10 years, you can see, still holding below four. Our roadmap begins with that record-setting

rally. The Dow crossing 37K for the first time. Market set for some further gains at the opening.

Plus Apple shares hit an all-time high. That's an all-time closing high. And they are within

striking distance of what would be an intraday high. The stock gains fueling a $1 trillion boost to Apple's market cap. That's just this year. And is Southwest Airlines poised for growth next year. CEO Bob Jordan is going to explain why he's optimistic. He's going to join us right here on the set at the New York Stock Exchange.

As is Phil and Beau.

As is Phil a bow.

That's worthy of a announcement as well.

It's good to have Phil in the house.

Let's begin with this Fed-fueled rally.

Jim, we said yesterday the coming 24 hours would be key.

Well, I have to tell you, I was surprised at how sanguine he is.

I think you'd have to own that.

I mean, I've been saying that he's going to do a soft landing, so it was not off base.

But I did think that he showed a level of flexibility that is unusual for Fed Chief.

Usually like to just leave it that way and just see how many people get hurt and then take action.

And he didn't do that.

You know, David, there's an element of this man, which is unpredictable, even as he looks like he's completely predictable.

Does that make him exciting?

No, he's definitely not exciting, but he did take a shot at the Bears. Did you hear what he said? He said, oh, yeah, and those who, like, thought we were going to have recession, they were wrong. That is it. That's like the, that's the, he showed something right there. That was the quote. Are you in the camp now that says, all right, you know, the focus is now not just on inflation any longer, but also on employment?

And the dual mandate, the second part of it is now come to the fore?

I was surprised because there really doesn't seem to be any reason to worry about employment yet. But you've got Goldman, a faster return to the 2% target means faster cuts. Bank of America, a holiday gift that Dover's Pivot arrives. Deutsche Bank, Pau breaks out the punch bowl. UBS next up break cuts. I mean, these are all the things which just say don't abandon the market, but rotate into other stocks.

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