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

Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintanier with Jim Kramer, David Favor, at the New York Stock Exchange.

Despite one of the flattest weeks for the major indices in months, we are looking at fresh records at the open.

Dow only needs 24 points to get there, as Cudlow says a U.S.-China trade deal is getting down to short strokes.

Here's Europe's action and yields as retail sales for October are mixed as his empire manufacturing.

A roadmap begins with the record-setting rally.

Stock set to rise again, as Cudlow says a deal is getting close.

Plus, quote, unmistakable bias. Amazon planning to protest Microsoft's military cloud contract win.

And restoration hardware surging at the open. Buffett's Berkshire Hathaway revealing a new stake in the furniture retailer.

Stocks are looking to make some more history a day after the S&P posted its 21st record close of the year. Futures up on comments from Larry Kudlow about progress and trade talks with China.

Upbeat news about the consumer also adding to some positive sentiment.

Government says retail sales rebounded in October up a better than expected three-tenths,

but strip out gas, it's a miss. Strip out autos in gas, it's a miss, as the three-month

average continues to slow, Jim.

Look, there's just, the mixed pictures keeps making it so it's bullish. It's amazing. If

we're too strong, then we would have to say that J-PAL is done. I mean, they're still playing by this cat's J-Powl. There's just enough tease with trade talk. I have my view on what's happening right now, and it's not as sanguine as what people are saying. We can go into it whenever you want. This is about farm. It's about ag.

And it's about, this is my understanding.

It's not necessarily about soy.

A lot of pork involved because they actually don't have pork.

So in other words, this is not one of those buys where they're making it so that the president has a win.

They need pork.

African swan. Yes, the African swine flu. So Edison would confirm that. I has a win. They need pork. African swine.

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