It's Jim Kramer here. You're listening to the opening bell of CNBC Squawk on the Street. Don't miss a minute of the action.

Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Scott Wapner at the New York Stock Exchange. Jim and David have the morning off.

Nice bouncing futures, up 200. Still well on track, though, for the third consecutive weekly loss.

Envidia is the good earnings news today. Deer, not so much. Europe's green, but the 10-year

boon now yields a record minus 72 basis points. Back home, our 30-year yield, it's a record low of 198.

Our roadmap begins with whiplash, a wild week for stocks. We are on pace for the third

straight weekly loss. Could a Friday rally, though, turn it around?

And the great debate, recession or a slowdown? Two Wall Street Titans weighing in this morning.

And GE CEO wants investors to know he believes in his company as the stock suffers its worst

day in over a decade. So we do not need to

tell you we're heading into the final trading day of this volatile market week. The three major

indices each down more than 2.4% week to date. Keep in mind the S&P and the NASDAQ still posting

double-digit gains for the year with the Dow not far behind. Interestingly, we're almost

exactly at levels we were on this date a year ago. In both the Dow not far behind. Interestingly, we're almost exactly at levels we were on this

date a year ago. In both the Dow and the S&P. And today we're left with, you know, the conversation

of the moment. Is this a Walmart and Invidia market or is it a deer and a Cisco market?

And that focuses you on the two big arguments.

Is the consumer strong enough to carry you through?

Or is business sentiment and the business cycle deteriorating to a point where you have a problem?

And we continue to look at yields around the world.

We mentioned the German boom.

Mexico cutting rates.

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