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 Kinteneer with Jim Kramer at post-night of the New York Stock Exchange. Favors on assignment. Stocks do look to add to about a 2% gain for the week as we finally get some government data. September CPI comes in about a 10th light, although both headline and core year on year now have a three handle. Yields haven't quite taken out Thursday's

lows. A roadmap begins with the first major economic number since the government shut down,

latest CPI number slightly lower than expected. The president terminating all trade talks with

Canada over this ad featuring the voice of Reagan and shares of Intel rallying in the pre-market, a sales beat in its first earnings number since the government became a top shareholder.

Let's begin, though, with market reaction to CPI, Jim Shelter, doing quite a bit of heavy lifting on this one.

Oh, gee.

Look, I find that some of these

things when we listen, you listen to Philibault and airlines are booming. So there you go,

airline fares. You know, you look at Taylor Swift with the biggest tour ever, and there you go

again, and you got recreation. I mean, there's just everything, single thing has a problem, steak, poultry,

but it's not out of control. And I regard this as a not out of control CPI, and that may be

enough. So for the Fed, they can do an insurance cut next week, hopefully by the end of the year,

shutdowns over, and this hasn't gotten worse? I don't think so. That's the hope. That's the hope. Look, when you listen to Mr. Mueller from Procter Gamble, what is the main theme of it? It's not necessarily the growth, which is fine. It's that the tariffs didn't cost that much. I had Richard Tobin on from Dover. It's a real diversified company. Tariffs didn't cost that much. These are things that are

working. And then you've got the president on True Social saying congratulating himself on GM and

Ford doing so well because of the tariffs. So suddenly you've got this,

remember, this is my year of magical investing. You just keep getting these things that work in

favor of the Bulls. And then you see some people come on and they're incredibly bearish,

but they don't have the horses. I mean, Ford's impact is still a billion, but it's billion dollars. I thought it might be more. Well, actually, Ford, to be fair, is that they have a reason not to do a lot of EVs, and they make Ford trucks and best selling, and they did much better than people thought. I think Ford can actually have a romp here. Yeah. I really too.

GMs, good numbers. Yep. Meantime, P&G, which we'll get to in a minute, did sort of address how tariffs are, the impact is a little bit, maybe less than it was prior in the year. This is John

Mueller on Squawk today. We've said in the past that we will have to price a little bit for some of the tariffs.

That need has actually decreased the retaliatory tariffs in Canada, which were one of our

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