It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street. Don't miss a minute of the action. Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kinteneo with Jim Kramer, David Faber, David Faber, Post-9 of the New York Stock Exchange. Futures are resuming their shop after Monday's closing highs for S&P NASDAQ. Fed meeting begins today. The market shifts its focus from tech to the macro, although oracles tonight.

Our roadmap begins with Apple. for S&P NASDAQ. Fed meeting begins today. The market shifts its focus from tech to the macro,

although Oracle's tonight. Our roadmap begins with Apple joining the AI arms frenzy. Big potential

boost to the tech giant's product cycle, but is it too late to the game? Plus Eli Lilly's

drug gets unanimous backing from an FDA advisory panel. Those shares, once again, rallying ahead of the

open. And General Motors shares are also on the move this morning. That automakers board authorized a

$6 billion stock by back. Let's begin with Apple the morning after it kicked off WWDC by unveiling what

it calls Apple Intelligence to add AI features to its products.

The company also bringing OpenAIs chat GPT to some apps, including Siri.

Despite those announcements, the stock did close down almost 2% in yesterday's session,

although Jim, I know Melius says don't be fooled by the sell-off.

Yeah, and I talk with Ben Ager, and he and I are pretty much agreed.

I spent all the time talking to Tim, after Tim Cook, CEO, and I think that what you have to do is you have to say, all right, if you put all these things together, time together, unless you own the pro or the Pro Max 15, you're going to want to upgrade. And not on any individual one. I mean, do you want to have your own emojis? Of course we do. I send the emoji with the, you know, with the sunglasses. I send them my kids all the time. Enough. Okay, I want to be a little more personalized. Like when your daughter graduates from high school, I won't be able to cap a gown, you know, going to Venice, whatever. Sure. Get more personalized emojis. I'm sure that's going to sell a lot more iPhones. No, no. It's a pastiche, if not a mosaic of things. Ice. Right. And, you know, you want to get to Vision Pro, and I know you don't. you get 3D pictures of people who may have passed away that you get to be with.

That's kind of cool.

I don't know. I'm looking. Maybe you probably think I'm reaching. But I do like... I think that makes sense. Show me all pictures of me, Jim and David out at night. Yes. Yes. I think that's terrific. Us in the clubs? Yeah, yeah. But hear me out. Like, let's say you're doing an interview with someone or you want to talk with someone. You know, he listens. You can tell them, listen, I'm taping you, and then it's pretty, spit out a transcript. That would be very helpful. That would be helpful. That would be helpful. the secret notes you write from people I'm not all to talk about.

And it's like, boom, this is it.

So I think there's a lot of little things that add up to something it's incrementally revolutionary.

It's interesting you mentioned the secret notes I write because privacy's always been an important component of sort of the process, what they're bringing to consumers.

You feel like that continues to be the case with what they introduced yesterday?

I think that there's an assessment that goes on among younger people, which is that no matter what they sell your data.

That's what they do. They sell your data. They say, listen, your data will be left with you.

That means they sell your data. I, too, like, bad guys who are hackers. But Apple doesn't do that. It's going to be residing on Apple, and I think that's a very big difference. Some people say they're selling you down the river, I think, is the phrase. Those people are cynical. No, those are the people who said, and the Lilly Alzheimer's drug will definitely not pass.

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