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 Kingtonia with David Faber here at Post 9 of the New York Stock Exchange.

Kramer's going to join us in a little bit after his appearance on the Today Show this morning, where he is talking about his new book, How to Make Money in any market.

Speaking of which, futures trying to bounce after three days down for Dow S&P NASDAQ,

we are on shutdown watch, got some new tariff announcements, some relief from Core PCE,

which was in line year on year.

Our roadmap begins with the return of tariffs.

The president in a series of late-night social posts calling for new levies on drugs, kitchen

cabinets, heavy trucks.

Plus, we do have a TikTok deal.

The president certainly saying China has signed off on a plan that would give the U.S.

majority ownership, control the app's algorithm.

You had the executive order signed yesterday. Chinese, though, are still silent, at least

officially on the news. And we're keeping an eye on media, broadly speaking here. Warner Brothers

got another downgrade this morning. This, of course, is we continue to focus on the possibility

of a paramount bid there.

And, by the way, NBC Universal warning that YouTube TV subscribers, well, they may have a possible blackout coming, Carl.

Let's begin, though, with the president's new tariff announcements coming out last night, talk about some of the stock action that's happening in response.

We got Wayfair, I think, R.H., William Sonoma, David, down three to four percent.

Kitchen cabinets, as we mentioned, some bathroom vanities, and an increased sort of rhetorical

reliance on national security. Some argue that maybe their administration's trying to hedge whether or not the Supreme Court

eventually comes out against the emergency tariffs.

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