later, don't miss our interview with richmond fed president tom barkin. that is coming up in the:00 8 hour. "squawk box" will be right back. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. real r rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. >>> welcome back. mattel is delaying the filing of the 2023 annual report. the company i

. >>> we are watching the latest this week as we have tom barkin speaking to cnbc this morning as wellhe markets. s&p and nasdaq coming off fresh record closes to start the trading month. look at futures. we see they are in the red across the board. it took a turn to the down side. the dow would open 90 points lower. on "mad money," jim cramer said the one-two month of pce data and the momentum is providing fresh fuel for the rally. >> if you are bullish, you live for days like this one where all of the genius short sellers need to undo their bets or get stampeded. you know what the biggest negative bet is in the market? you know what the bubble bears are saying it is all phony hocum? it is all artificial intelligence. >> we have kari firestone with us. kari, great to see you. >> frank, great to see you. >> what do you think about what cramer said? he said the short sellers got caught on the wrong side. that will continue to fuel things and bet against mega cap tech. what did you think about his thesis? >> well, i don't like to disagree with my classmate, jim cramer, but i think you ha

don't miss our exclusive interview with richmond fed president tom barkin as well as austan goolsbee.>> let's stay with the central banking theme. swiss national bank chairman will step down at the end of september after over a decade in the role. in a statement, the snb wished jordan the best for his next chapter, but did not disclose succession details. a quick check on the franc. falling to a 13-year low after the news of jordan leaving. we have a couple of monetary policies decisions. a bit of movement here. 88.58 for the dollar/franc. >>> coming up on the show, we will be joined by the california startup which views itself as a competitor to nvidia. we'll be back with that in two. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul, available at walmart and drinkcirkul.com. shopify's point of sale system helps you sell at every stage of your business. with fast and secure payment. card readers you can rely on. and one place to manage it all. whatever

we had tom barkin, mayor adams. we'll have him back. final check on the markets. you can see, got the nasdaq up just a little bit, but that would be another high, another new high, and then the dow jones indicated a little bit lower. we did five days this week. >> five. full five. >> yeah. >> how about you? >> sick. >> let's think about that four-day week. let's just think about it. put it on the table. join us next week. "squawk on the street" is next. ♪ >>> good friday morning, and welcome to "squawk on the street," i'm david faber with jim cramer. we are live from post nine of the new york stock exchange. carl will be back on monday. let's give you a look at futures as we get ready to start the final trading day of this week. that doesn't do much of anything for me, probably not much for you either. let's move on to our road map, though, because that does begin with a lot of interesting news. first of all, that a.i.-fueled boom, dell shares surging. >>> nasdaq coming off its first closing high in more than two years. >>> and ray dalio down plays talk of a tech

that fed chair powell has referenced it in conversations on policy days about what they're seeing tom barkins he listens to companies what they're doing with prices on inflation that's where you get the data from the beige book. >> watching markets as well. dow up almost 200. oak mart manager bill nigel with us this morning. good morning. >> good morning. thank you for having me. >> always good to have you i wonder how you characterize the environment for value given some of the swings we've seen the last couple of days. >> well, certainly so far this year it's not been a good time to be a value investor the russell growth is off to the races like it was in the prior year, 2023 but what that created, carl is an environment where a lot of the stocks in the s&p 500 trade at twice the multiple of the market market is about 20 times earning and a quarter of the names trade at twice that multiple at the other end of the distribution, a quarter of the names that trade at half the market multiple so for a value investor it's an exciting time we can put together a diversified portfolio and pay barel