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 Carl Kintanilla with Jim Kramer, David Faber, post-9 of the New York Stock Exchange. Stocks look to add to Thursday's losses as we head into a storm of eco-data today. Q4 GDP is a miss at 1-4, but maybe more troubling is core

PCE rising to three year-on-year. That's the hottest since mid-24. Our roadmap begins with

positioning in this market on the back of higher inflation and weaker growth and a possible

SCOTUS decision today on tariffs. Plus oil has hit a six-month high this after President Trump said he will decide in less

than two weeks whether the U.S. will attack Iran.

Also fears continue about the private credit market.

Of course, we watch shares of many companies that are active in private credit, including

Blue Owl, declined yesterday.

This morning, Blue Owls' head of credit will join us exclusively.

We will talk a lot, of course, about the headlines involving the company and what the

future looks like for the industry.

A lot to begin with the markets this morning to digest, including PCE and the surprise GDP

number, Jim.

We were looking for somewhere in the neighborhood of two five.

We get one for consumption.

Two four is also about the lowest in a year.

This stuff is such a mystery in the same way that you would have thought with the reshoring,

that we would have created more jobs.

You would have thought that the trade deficit

would have gone down. None of the numbers, what they seem, see, David, with that, let's not be

political. Let's have no politics for a second. If you just looked at these numbers, you would say,

who in the Fed is saying, you know, what we should tighten? Are they that much worried about that little bit PCE?

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