Market moving insight and analysis.

Join Jim Kramer, David Faber, and me, Carl Kintania,

on the opening bell hour of CNBC Squawk on the Street. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintanier with Courtney Reagan, Mike Santoli, here at Post 9 of the New York Stock Exchange. Kramer and Faber are observing Yom Kippur. Government shutdown day two, no real relief in sight, as the Senate will not attempt to clean CR on this holiday.

Coming off record highs for Dow S&P NASDA, government shutdown day two, no real relief in sight, as the Senate will not attempt a clean CR on this holiday.

Coming off record highs for Dow, S&P, NASDAQ, and semis and tech are going to join the strength out of pharma and health care these past couple of days.

Our roadmap begins with investors brushing off some government shutdown fears, sending stocks to new all-time highs.

As we said, tech and the AI trade leading the charge.

Speaking of which, Open AI's latest funding round, sending its valuation soaring to $500 billion,

topping Elon Musk's SpaceX. And it's Warren Buffett's biggest deal in three years.

Berkshire Hathaway buying Occidental Petrochemical Unit for almost $10 billion.

Let's begin with the market's hitting some record highs, despite this government shutdown

now entering the second day, despite ADP going negative, despite seven straight negative prints

on ISM manufacturing. Mike, you talked about why a few moments ago. I did, and I don't know

if we should sort of take out the word despite the government shutdown, more like amid the government shutdown.

But as you point out, Carl, this market has kind of looked beyond many excuses to back up and have a proper pullback for a couple of months now.

It doesn't mean it's been universally strong and up, up and away for everything, but it means it's been strong enough, resilient

through rotation. Just the AI excitement, which took a little bit of a stutter step last week.

I was joking that it was like the glass of water between drinks at the bar. You know, it prolongs the

fun until whenever closing time is, but the clocks don't work, so nobody knows. But I think it

really did get

recharged this week. You have this global semi-move. It's overcoming a lot of other concerns.

The other piece of it is, on a macro basis, we already were dealing with a slackening labor market,

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