Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kaintena, on the opening bell hour of CNBC Squawk on the Street. Good Monday morning, welcome to Squawk on the street. I'm Carl Kintanaia with Jim Kramer, David Faber, all back at post nine of the New York Stock Exchange. The Bulls are going to try to get something back after the worst day of the year, Friday, cutting the S&Ps year-to-date gain in half.

Big week of earnings with NVIDIA and Salesforce watching Ukraine, German elections, and the House budget.

Our roadmap begins, though, with Apple's anti-tariff play, announcing plans to spend $500 billion to greatly expand domestic chip and server manufacturing in the U.S., echoing a similar move during the first Trump administration.

Plus, of course, on Friday all the talk is the AI trade cooling.

A note from TD Cowan later that day suggested Microsoft is cutting AI data center spending.

That certainly helped that sell off.

But we've got the response in part from

Microsoft's AI, I are, which could change the view on AI. And a doge pushback, Elon must

demanding federal employees document their work or risk termination. Several agencies, though,

now reportedly telling the workers ignore the request,

or at least wait to reply. Let's begin, though, with the markets, looking to bounce back from

Friday. Sell off the Dow and the NASDAQ now in negative territory since inauguration day.

Jim, in fact, since inauguration day, the U.S. is the worst-performing G7 ETF. Yeah, look, I can't help but think the money

is being made in Europe overnight. You come in and it's like, holy cow, they're doing pretty good.

Japan's good. Thank you Warren Buffett for verifying that. China, obviously, on fire, plus 20%. And us,

well, if the president, the first president cared about the Dow. I think if you looked at the

averages, David, what you would say is people are very confused, particularly in the Russell

3,000, which is small business. And they don't want, they're just certainly less happy about things. And they're taking out that lack of happiness on the market. Yes, Friday would, I thought Friday was a really bad day. I mean, I came home, I wanted a cocktail. You're not alone. You're not alone. I mean, last week was a rough week. Any number of, you know, people I speak to quickly run. Oh, Just say it. You were in Miami Beach. It was rough. She was minus 20 here. No, it was beautiful

there. It was beautiful there. So how could it be rough? It was rough in the markets, my friend.

It was a rough day in the markets. The seas were angry. But, you know, candidly,

no one could point to anything in particular.

Well, we're going to get to it in a moment.

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