It's Jim Kramer here. You're listening to the opening bell of CBC's squawk on the street.

Don't miss a minute of the action. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintenea with Jim Kramer and David Fabry at post-9 of the New York Stock Exchange. Pre-market's a little more wary this morning after Wednesday's bounce, oil's back to 77 as the war moves into day six. and the ECB at least begins to warn about a possible inflation spike if the conflict lasts

Ten year four fourteen now that's about a three-week high our roadmap begins with oil back on the rise as the conflict is in day six Futures lower but markets did rebound across Asia plus we're keeping an eye on the chips

shares of broadcom they are on the move and that move is higher this on ceo hot tan saying he

sees AI chip revenues significantly above a hundred billion dollars next year and the

Pentagon and anthropic reportedly back at the negotiating table, CEO Dario O'Mode,

saying the company is seeking to de-escalate the situation while saying opening eyes,

Pentagon messaging is, quote, straight up lies. Let's bring up with the markets this morning.

S&P's back in positive territory for the year after closing yesterday's session,

just shy of pre-Iran war levels. Jim, interesting piece in the journal today.

Unfazed retail investors keep hitting by.

Yeah, well, I reject the idea that they keep hitting by.

I say that they stay.

They're not leaving.

And typically we had these periods where when things got tough, they bolted and the institution stayed.

It's the institutions that seem to bolt.

And the individuals have learned, let's ride things out.

You know, David, the individual who's now in the market has a, there's a mixture. The younger people, they want to be in crypto. They still do, really? Yeah, they still do. Well, they move to gold. A lot of move to gold. Maybe they're just playing the prediction markets. Well, that's true too, but the older people, you know, the baby boomers who are transferring the great wealth, $130 trillion. Yes. They're not going into cash. What are you going into there, boomer? Me? I don't know how I have is cash, so I can't do anything. My kids say thank for nothing. Well, there's not much point they believe in saving for a house, at least in the near term. Yes. Well, look, I think that there are a lot of people who are tapping into the 401k,

but the 401k's up so much. I mean, it is this great asset. We make it sound like that everybody's destitute. I look at it and say, well, people just kept their money in the 401k. Oh, you're referring to the hardship withdrawal piece yesterday. I just think that the individual just says, you know what, people have made a lot of money in stocks, And I'm not going to trade in and out.

It's a suckers game.

And it is.

It's a suckers game. It is. It's a suckers game. You're going to sell on Monday and buy yesterday and then sell today. No, that's what you can't do. So I'm proud of the individual investor. They seem to really, really step it out. It's definitely holding on for dear life. Yeah, well, they just, look, they know the Magnificent 7, but they know the S&B 500. They know Warren Buffett. Warren Buffett has told them over again, just be a buy and hold. That's who they revere. I was great to hear Becky's interview this morning. It was good, good with Abel, although Berkshire has been a net seller of equities for several quarters now,

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