Market moving insight and analysis.

Join Jim Kramer, David Faber and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Thursday morning, welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer, David Faber, post nine of the New York Stock Exchange. Futures pretty solid. Stocks look to revisit some of those recent all-time highs as tariffs on some 90 countries officially went into effect at

midnight. Bank of England cuts for the fifth time this cycle. Jobless claims tick higher to 226K.

Our roadmap begins with the president's reciprocal tariffs going into effect on dozens of

U.S. trading partners. President also unveiling some new chip tariffs with some broad

exemptions.

Apple shares are rallying again this morning as CEO Tim Cook puts his diplomatic skills into action at the White House.

And we're keeping an eye on shares of Eli Lilly.

They are down and rather dramatically right now.

The drug maker does raise guidance, but it is the focus on its late stage trial for obesity, of course, and a pill, and perhaps the lack of weight reduction. Still seems like

a lot, guys, but not enough to satisfy Wall Street. How's it's a good from 15? Let's begin,

though, with the president's reciprocal tariffs going into effect on more than 90 countries.

President also announcing tariffs on some imported semiconductors. Take a listen.

We'll be putting a tariff on approximately 100 percent on chips and semiconductors,

but if you're building in the United States of America,

there's no charge, even though you're building,

and you're not producing yet in terms of the big numbers of jobs

and all of the things that you're building.

If you're building, there will be no charge.

So streets getting to work this morning, Jim, figuring out for those who would, for example, pay 100% what that does to the cost, say, of a vehicle? Yeah. Look, I think that it's a bad scramble. We're all looking. We're all, I don't want to say that anyone has a master list because I think in many ways the president, I think he's shot from the hip on this one.

But I think that all these companies that you're seeing there, like in Broadcom, yeah, they got exposure, but they sell Apple.

I mean, they bank it in China.

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