Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street. Good Monday morning, everybody. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. We're live in post nine at the New York Stock Exchange. Carl has the morning off. We get started with another week of trading. Half hour from now you can see. I guess I call that an up open, right? I never know what to do with these things, Jim. Well, that's why I'm here. Yeah, that's, well, you're here for a lot of reasons.

A lot of reasons.

All right. You can see, I guess I call that an up open, right? I never know what to do with these things, Jim. Well, that's why I'm here.

Yeah, that's, well, you're here for a lot of reasons.

A lot of reasons. Including the fact that it's my job. Yes, including the fact that you get paid to do it. Let's get to our roadmap this morning. It does start with what's going to be a key week for stocks, aren't they all? The NASDAQ notching its longest win streak since 2019.

The S&P has seen four weeks of gains and investors are hoping. You didn't mention the NASDAQ? I did. That's what I started

with. You missed it. I just said the NASDAQ. What are you? Editing the roadmap. Investors are

hoping, Jim, for a Fed skipper pause, as you know.

Plus, J.P. Morgan settles. It closes a chapter in that Epstein class action lawsuit.

We'll go to A.M. and Jabbers for that news.

And guess why I met his CEO, Mark Zuckerberg, has some praise for Elon Musk?

Well, as you might imagine, it's all about efficiency. Maybe give me a chance to use some of that interview because you never get enough of that interview. It was only May 16th. It's not that long ago. All right, let's start with the markets this morning. We are set up for an important week. Of course, we hear from the Fed and go on from there. CPI. There's a lot. What are you focused on? What are your thoughts after these last few very strong weeks? Magnificent seven again. I mean, so the NASDAQ company, people keep hoping this rally is going to broaden, except for Michael Wilson, obviously. Who's negative? These strategies of Morgan Stanley, who's quite, he's still bearish.

Yep.

But, David, what I don't like about this market is that once again, I mean, now I'm not

saying enough because you know Jensen, Invidia, but David, AMD, big analyst mini coming out, they may have, you know, there's some chips

for server, but it's really supposed to be hidden AI.

We've got Oracle tonight.

Now, you know, I think software cats is just amazing.

But the stocks up for, on analysts recommending it today that it's supporting. Why? AI.

Salesforce, new products announced today. Why? A.I. Now, there is a, do you see a thing?

Do you take it as a negative because it's reflective of a certain amount of froth in the marketplace,

given obviously we don't know what the ultimate impact on revenues and earnings from any of these companies of AI will be?

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