It's Jim Kramer here.

You're listening to the opening bell of CBC's Squawk on the Street. Don't miss a minute of the action. Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kinteneer with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange. We close out the month of May with more tariff whiplash. The president on China says, quote, no more Mr. Nice Guy, as the Treasury Secretary says talks have

stalled. In the meantime, court PCE, 2-5 year-on-year, that's the lowest in four years.

Our roadmap begins with the President saying China has violated its deal with the U.S. on tariffs,

as Trump's tariffs are reinstated by a federal appeals court for now.

And as Carl just said, last

trading day, May, S&P and NASDAQ are on trap for what would be the best month they've had since

November of 2023, despite all of this macro uncertainty. We're going to discuss if those gains

can keep coming. And the biggest tech antitrust case in more than two decades is wrapping up today.

This is Google awaiting its fate from a judge's ruling.

We won't get the ruling today.

We're getting the final arguments today.

Let's begin with the markets navigating these developments surrounding terrorists.

About an hour ago, the president out with a lengthy post on truth Social, which ends with him stating that China

has totally violated its agreement with the U.S. on tariffs.

Actually happened just as James and Greer, Jim was on squawk.

Greer tried to elaborate and argue that the countermeasures have not come off the way the U.S.

understood they would.

Yeah, I felt bad for him because this happened at the same time, and I wasn't sure whether

he had the full uprun of what the president was saying.

I mean, to me, the president, if he were not so mercurial, what you would say is, okay,

well, whatever stay of execution he gave China, that's about over.

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