It's Jim Kramer here. You're listening to the opening bell of CNBC's Squawk on the Street. Don't miss a minute of the action. Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kinteneer with Jim Kramer, David Faber, post-9 of the New York Stock Exchange. Second day in a row that futures benefit from a cool inflation read. Today it's PPI that falls three-tenths, biggest negative monthly reads since COVID, watching more bank earnings, ASML, Warsh, and Senate banking.

CENTCOM meantime does strike Iran in the daylight this time for 90 minutes this morning trying to degrade Iran's ability to disrupt commercial shipping in the strait, where nearly a dozen civilian sailors have been killed, are missing, or

injured. Our roadmap begins with tech looking to maintain that upward momentum while IBM tries

to rebound from that historic sell-off yesterday. Also ahead, Morgan Stanley and BlackRock

each out with their quarterly results and both exceeded the estimates of analysts who follow those

companies. BlackRock CEO

Larry Fink is going to join us. Right here post nine, we'll talk about everything from the investment

climate to a new milestone for that company. And the Fed Chairman Kevin Warsh had into Capitol

Hill. It's a second day of testimony this time before the Senate Banking Committee.

But we begin this morning with a little M&A, in fact, or at least news of potential deals

involving PayPal, which has received an offer from a combination of the private equity

firm Advent and the private company Stripe to the tune of $60.50

to share all in cash to acquire it.

This is reporting from Reuters that was dead on.

It does seem perhaps that it was an organized leak in part to try to put pressure on a board of directors

that will be meeting.

I am told as soon as July 20th, to discuss this.

My understanding as well, according to people familiar with the situation,

is that there have been talks, or at least offers being made

and talks that have resulted between this group and PayPal for some period of time.

Many months ago, in fact, this sort of started, and there was some reporting back some time ago from the likes of Bloomberg, I believe, about Stripe's interest in PayPal.

This is an interesting potential deal that would not involve Stripe's interest in PayPal. This is an interesting potential deal that would not involve Stripe

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