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 and David Faber at post nine of the New York Stock Exchange.

Oil spikes about 13% here since the president's speech last night, a new cycle high of 112.

WTI, actually more expensive than Brent today, although the front-end contracts aren't exactly matched up.

Equities meantime look to retrace some of this week's bounce.

Not quite to Monday's six-month closing low, around 6475, but close.

Markets are closed tomorrow for Good Friday, and we'll get that jobs number.

Our roadmap begins with the president, saying the U.S. will hit Iran extremely hard over the next

two or three weeks. Plus more private credit concerns. This is Blue Owl Caps Fund Redemptions at 5%

for two of its private credit funds. That follows what were redemptions far above 5%.

And we'll also talk SpaceX, which confidentially filed for an IPO. It would likely be

a record offering guys, one of any number of large IPOs we may see over these next, let's

call it, eight to 12 months. Let's begin with the markets

in the president's prime time address last night. When it comes to oil, he delivered this message

to allies who refused to help the U.S. in this war. Go to the straight and just take it,

protect it, use it for yourselves. Iran has been essentially decimated. The hard part is done,

so it should be easy. And in any event, when this conflict is over, the strait will open up naturally.

Meantime, the French responding say it's probably going to be more of a diplomatic solution

than military in the street?

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