Market moving insight and analysis.

Join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Friday morning. Welcome to Squawk on the street. I'm Carl Kintanio with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange. Futures are feeling some relief, not just from Microsoft, Google, earnings, and guidance, but this morning core PCE, mostly in line. Lois here on your number since 2021.

Bond yields are lower across the curve.

A roadmap's going to begin with big tech, though, bouncing back.

Alphabet and Microsoft both up sharply on their respective beats.

Plus, the Biden administration is awarding micron $6 billion in federal grants.

This to boost production of chips in the state of New York and Idaho.

We're going to discuss all of that with Mike Ron CEO. He's live here at Post 9. And the oil giants,

Exxon and Chevron, both posting lower first quarter profits. Chevron CEO Mike Worth is going to join us.

That'll be later this hour. We, of course, will go over those results.

Let's begin with the markets in this morning's inflation data, highly anticipated, Jim.

Not just Core PCE, but best couple of months on spending in about a year.

Look, this is a front seat, backseat day versus what we got.

I would even think, I'm going to go as far as David. I'm going to mention somebody. You tell me if you agree. Pangloss. Pangloss. Panglossian number. Panglossian number. That's where you're starting the this? That's where you're starting the show today. On this Friday in late April.

Paying loss, man.

Okay. Get me paying loss. You want to explain that to everybody else? Because we have the bonds are right. I have to tell you, Carl, last night, my, I mean, I'm like sending a note to Ruth Porr out in the middle of life. in the middle of the United States, like, you know, fantastic.

I mean, what did she's alphabet, David.

Yes, she's the president.

Alphabet gave us not only an unbelievable blowout number, but they poor out in the middle of life. You know, fantastic. I mean, what did she's alphabet, David.

Yes, she's the president. Alphabet gave us not only an unbelievable blowout number, but they also gave us granularity. They told us what's going on. It was joy. I left that time winter of dinner with Sarah. Hey, now you like that dropping that? And it was just incredible. That was one of the greatest conference goals. And then Microsoft blows alphabet away with how great it was. Does it really? Does Microsoft blow alphabet away? Really? Kind of. You think so?

I just think the increase there is just extraordinary. The increase. Well, because the use of AI.

The increase being what? The overall increase in the use of AI. The increase being what?

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