Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kinteneer with Jim Kramer, David Fabers back at post-9 of the New York Stock Exchange.

Pre-market adds to some gains, as Chinese state media says, the president and Xi hold a phone call.

Germany's chancellor visits the White House today, ECB cuts raids, jobless claims

highest since October. Our roadmap begins with those China talks, the president reportedly

holding this call with Xi this morning. Plus, Elon Musk is ramping up his attacks on President

Trump's tax plan, urging lawmakers to kill the bill. And Amazon reportedly preparing to test humanoid robots, they would deliver packages,

and that could eventually, of course, take the jobs away from those who currently deliver

those packages.

Let's get right to the latest on trade.

It's a busy one, and of course the last few minutes, Shinwalk, the state news agency in China,

says that the president and she reportedly

Jim held a call this morning. That's all we know for now. Look, I think that one of the things

that's got to be on the agenda is that China is short shipping. It's a term they use. The

rare earth magnets, the metals, and it's starting to close our factories. They're not doing it, by the way,

to Germans or the Japanese, they're targeting us. This is obviously very important because

these affect not just EVs, but motors, speakers, sensors. So I think that maybe pushes come

in a shove here, David. Yeah. Maybe we're finally realizing that we have some courts.

We don't have old courts.

No.

No.

I mean, we should say this call comes in the backdrop of what was frustration expressed by the Trump administration in terms of the progress of the talks after the so-called agreement almost

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