It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street.

Don't miss a minute of the action. Good Tuesday morning. Welcome to Squawk on the Street.

I'm Carl Kintaneda with Jim Kramer, David Fabry, post nine of the New York Stock Exchange.

Futures are mixed this morning, and so is the reaction to some retail earnings and the

President-elects announcement that he'll impose import tariffs on America's

three largest trading partners. Ten-year yield is higher, but still below four-three. A roadmap begins

with the Dow and the S&P tracking for their best year since 2021. Plus, some retailers are crossing

the tape as the holiday shopping season enters full swing. Plus those trade threats, the president-elect vowing on day one

to impose a 25% tariff on all products from Mexico and Canada, an additional 10% tariff on goods

from China. And we're keeping an eye on shares of Amgen this morning. They're down ahead of the

open. The company says its obesity drug caused up to 20%

weight loss after a year with no plateau, but seemingly not enough to please investors.

Let's begin with the markets one day after those fresh record highs for the Dow and the

S&P Jim and the Russell, which couldn't quite get it on a close.

No, look, I think that these days are all kind of rotational, though.

I watch a lot of the shows that talk about trading.

And every day there's a bitchory for one part of the market.

Yesterday was a bitrate for small cap.

Now, there are some small caps that are deeply related to AI, to aviation, to these themes of Bitcoin that really don't have anything

to do with reality and are not making money. And those are the ones that were excluded yesterday.

Yesterday was not a mag day, and yesterday, David, you know, Invidio's up today because of Fugato.

Fugato. Fugato.

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