Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Thursday morning. Welcome to Swak on the Street. I'm Carl Kintanay with Jim Kramer, David Faber,

post-9 of the New York Stock Exchange. S&P is going to take aim at 7,400 today as the market awaits Iran's response to this 14-point memo that could begin to loosen traffic in the Strait of Hormuz.

Got some blowups in the consumer space getting attention in restaurants, appliances, some discretionary services.

WTI does get an eight handle this morning, although retail gas averages 456 a gallon, is that the high water mark for now.

We'll talk about it.

Our roadmap begins with stocks and rally mode again on these potential cooling Iran tensions.

One big earnings mover today saying the war is causing a, quote, recession-level industry to climb.

Plus, we're going to break down Anthropics' incredible growth numbers. The company also securing a deal for compute. That was yesterday, but we'll talk about that a bit because Elon Musk's SpaceX. How do you like that? Yeah, is providing a lot of compute to Anthropic right away. We'll also keep an eye on shares of arm right now down sharply in the pre-market. In fact, it's the biggest laggard on the NDX. We're going to have Renee Haas, the company CEO, join us. That'll be after we get the opening bell. Can we say it? I mean, it was up and down. It's not a real true picture. Got it. Up and then down. This is kind of insight we look for.

Thank you. Went up to 260.

Then I went down to 213. Then it came back to, no, we'll get it. Nice. Let's begin with stocks looking to extend their record run. Hopes for an Iran deal in the mix after the S&P did close above 7300 for the first time. Interesting to listen to Paul Tudor Jones, Jim, talk about 99 analogs and argue that

there is runway here.

See, I think the problem with any analog is that there may be nothing analogous to

this point.

Now, I know that there are always people say that the most dangerous words are...

It's different this time.

Except for it's been different for 40,000 points.

And it's really important. Remember that some of the shibolus of people who were in the

game in the 1960 and 1980 period missed everything, it's okay. They did. I look at what's

happening and I think I've never seen it before,

so I don't want to analogize to 99 or 2000. I mean, David, you have companies that are making

things and people are so desperate to do it that other companies, really good companies,

...