Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.

Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer, David Faber, the New York Stock Exchange.

Futures have been soft after the first unchanged day for the Dow in over five years.

A little more trade skepticism after the president's speech and now public impeachment hearings

and Fed Chair Powell on the hill today. Watch Europe yields. October CPI runs warm. Year-on-year-change

to three. That is just short of that decade high of 24 four. Our roadmap begins with Powell, trade, and impeachment.

Wall Street closely watching Washington today.

Stock said for a lower open as investors await any DCT leaves.

Plus, Google the banker.

The search giant reportedly planning to offer checking accounts next year.

And Nike's Amazon Challenge, the sportswear retailer set to stop selling its clothes and shoes directly to the e-commerce giant.

Wall Street's going to pay close attention to events on Capitol Hill today.

FedShir Powell will testify before the Joint Economic Committee of Congress, and the nation will hear public testimony from House impeachment witnesses for the first time. The inquiry surrounding the President's actions toward Ukraine,

obviously for our purposes, Jim. We'll see what Powell says first, as we expect him to say

once again, economies in a good place. Yeah, yesterday was one of the more punitive moments

with President Trump calling for negative rates, and I think that a one of the more punitive moments with President Trump calling for negative rates.

And I think that a lot of the, let's just call, a lot of our watchers who are in the professional side of things,

I think were unanimous in what was that about. That's off the reservation. I think j pal's now immune to it i think it's

interesting i think it's happening the attacks have happened so much that it's almost like okay uh let me move

on and if i think that j pal's no longer in this in the fix that i used to think because the president

is uh the negative the negative rate thing i think doesn't resonate. So our economy is too strong. Well, we don't want negative rates. No, our economy's strong. It's a poison, some people would say. Right. And that's why, I mean, like, you know, go, look, you may want lower rates, and I understand that maybe you won five cuts, but it's a sign of weakness. And I wanted to hear from Larry on that, because Larry would tell you, I think it's a sign of weakness. I thought the interchange between Larry and the president was very interesting because, you know, every few minutes he Larry did you, right? There was a Larry. Did you get that? He said, oh, no, Larry. And Larry's actually very, the view of Larry Chasers wouldn't want negative rates because

it means the economy is weak. So you would know that better than just about anybody.

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