Market Moving Insight and Analysis. Join Jim Kramer, David Faber, me, Carl Cantonia on the opening

Cnbc on the street.

Good Friday morning, everybody. Welcome to Squawk on the Street. I'm David Faber with Leslie Picker and Scott Wapner.

We are live from Post 9 at the New York Stock Exchange, Carl and Jim both have this Friday morning off.

Let's give you a look at futures. Of course, you heard Becky talking about. We're looking for a higher open. We were at this time yesterday, and in fact, we got it, but things sort of changed as the day went along. Let's start with our roadmap, though, and those stocks that are in rally mode, the S&P would be on paceful will be its third straight week of gains.

This is investors digest the latest batch of inflation data.

Plus Intel returning to profitability after two quarters of losses sending shares surging in the pre-market.

And the Bank of Japan shocking the global financial markets with its latest policy tweak.

We've got the details.

We'll start with the markets on this last trading day of the week. That much I know. Beyond that, I don't really have a lot,

so I'm glad you two are here to help. Lechie got that one. Yeah, I got that one. It's all downhill.

We did not. Yesterday was Thursday. The statistically irrelevant Dow did not manage its 14-day streak to break the 1897 record.

So there's that, unfortunately.

And then obviously we had that very strong start yesterday in the NASDAQ, Scott.

When you were on air later in the day, though, things had changed significantly.

Well, you had the story out of japan that b oj was going to

sort of tweak its policy maybe tolerate higher rates that you know our rates moved up a little bit

and then the market ended up selling off but this morning it's all about the pce and rates are down

the market likes it because it really didn't upset the story that and this path that we think

we're on guys that the Fed is you know maybe takes another pause at the next meeting and then

there's only one in three chance right now of a November hike so nothing that happened this

morning in the data says oh wow okay maybe we need to rethink what the path is again for the Fed.

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