Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street.

Good morning and welcome to Squawk on the Street. I'm David Faber with Jim Kramer. We're live from the New York Stock Exchange. Carl has this morning off. Let's give you a look at futures if we get ready to wrap up the trading week.

You can see we are set up for a higher open.

Our roadmap this morning does start with, well, trade volatility.

Of course, China and the U.S.

closing in on a phase one deal, President Trump reportedly signing off, but so far no confirmation

from China. Of course, we are going to get that 9.30 a.m. press conference. Stocks, as you saw,

look to a higher, look to a higher open. Plus, don't worry about China iPhone weakness,

why one key analyst thinks Apple's China woes are, quote, overblown. And two big tech names are moving

in opposite directions. Oracle is falling, this on a revenue miss. Adobe rallying on an earnings

bee. We've also got Broadcom to get to Costco, number of earnings this morning. Let's start,

though, with the broader market. Investors are trying to digest conflicting headlines regarding U.S. China trade. The Chinese Commerce Ministry is set to hold a news conference

about a half hour from now. And, Jim, we don't have a heads up in terms of what they're going to

discuss whether or not we're going to learn about their view, as in yes, we're all, we're in or

not?

Well, let me echo something on Kayla Tal she said last night, which is basically, you don't

know where we are.

I mean, it is in flux.

At 5 a.m. it was X.

At 7, it was that.

At 8.30, a new view.

But the one thing is certain.

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