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 Thursday morning. Welcome to Squawk of the Street. I'm Carl Kintanio with Jim Kramer and David favorite post-9 of the New York Stock Exchange. Stocks continue to shave away some of the losses for the week as the president now returns home from Davos. Oil, gold, the VIX all lower, although yields a bit sticky, 10-year 426, as final Q3 GDP comes in at 4-4.

That's the best in two years.

Our roadmap begins with optimism in the markets as the president backs off his threat to hit Europe with tariffs over Greenland, saying there's now a concept of a deal.

We have a lot of headlines coming out of Davos, including Jamie Diamond, weighing in on that debate

over immigration. Intel, by the way, if you haven't noticed, trading at a four-year high.

This is ahead of earnings. That'll be after the bell today. We're, of course, going to discuss

what has been behind this turnaround, certainly in the stock,

and what's been going on with the semis overall involving that so-called AI trade.

Let's begin, though, with the markets looking to extend the rally from yesterday, sparked by the president's

comments in Davos about Greenland. He says there is a framework for a future deal regarding the Danish territory.

This is what he told our Joe Kernan.

Well, we have a concept of a deal. I think it's going to be a very good deal for the United States, also for them.

And we're going to work together on something having to do with the Arctic as a whole, but also Greenland, and it has to do with the security,

great security, strong security, and other things.

Still on the hunt, Jim, for what the incremental gain is, although there is reporting about

pockets of sovereignty for the U.S.

I think that there is a tone.

They're speaking with a lot of terrific CEOs on the record.

I speak a lot of CEOs a little more off the record. And there's a sense of relief. But there's

also a sense of it's a little unreal that this is American in Germany again. You read these

articles in the New York Times basis. We're losing our place. And Wall Street Street Journal and China's passing us. The execs I say, I see you're saying, hey, listen, you know, win one, another one, let's move on to the next. He's speaking for us. We've got the year made. And then you try to go deep record and keep saying, but isn't there an absurdity to it? Isn't there something about

when you look at Greenland that it was an overreach, Cuba about to go? David, no one will go,

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