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 in the Street. I'm Carl Kintenea with Jim Kramer, David Faber, post-night of the New York Stock Exchange. Closing out another solid week for stocks with September's gains nearing 3% for the S&P. Busy morning as the president holds a phone call with

she. Apple's iPhone does hit stores. Ten year did tick up again today to 414. It's about a two-week high.

A roadmap begins with this record rally marching on. S&P coming off its 26th closing high of the year.

Plus President Trump and China's President Xi holding a call. They're discussing trade and that deal for TikTok.

And Apple's new iPhones go on sales. Did you see Jim earlier on Squawk Box down on the Fifth Avenue store there with Tim Cook?

Well, we'll find out what Cook's saying about the lines in China, not to mention the lines on Fifth Avenue, and also, of course,

that Nvidia Intel deal.

Let's get to the markets first, though, a day after all three major indices, not some record

gains again closing.

The Russell 2K all joining the group hitting its first record close in four years.

Jim, I think IWM's up seven weeks straight.

Look, I think that we are owed a breather because of what you said right at the start,

which is that rates are not going the way they're supposed to.

So, I mean, we can continue to do this and expect that they're going to pivot.

They have to pivot because we're seeing too much strength.

And I understand Michael Hornet has a good piece today for Bank of Merck.

I enjoy his stuff very much, David.

Talking about the bubble can continue.

I mean, I'd like to think that it's not a bubble.

I'd like to think that there's enthusiasm now across the board.

It's not just Mag 7.

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