Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street. Good Tuesday morning. Welcome to Squawk on the Street. I'm David Faber. He is Jim Kramer, and we are live from post-9th, the New York Stock Exchange. Carl has the morning off. Let's give you a look at futures as we get ready to begin trading a half hour from now. You can see we're set up for a lower open. Nothing happened in the way since I got up at 3.30. Nothing. Okay. Thanks for that color. Let's get to our roadmap this morning. It begins with, well, we're on TechWatch, AI jargonaut. Invita, if you haven't heard, it's set to report its quarterly results. That'll be tomorrow after the bell.

Apple also announced its succession plan for its longtime CFO.

Plus media veteran Edgar Bronfman drops his bid for Paramount, its parent national amusements.

That clears the way for that $8 billion skydance deal that was already signed up.

And Eli Lilly slashes the cost of its

blockbuster weight loss drug it is hoping to boost access ease some supply constraints we will

discuss but let's start with the markets this a day after the Dow hit a record close

for us as our viewers well know I don't care about the Dow.

What I care about and what many market participants measure themselves against is the SEP or even the NASDA.

I was going to say the focus is the NASDAQ.

And yesterday was not a good day, really, for the NASDAQ, certainly not for tech.

And it does seem related to perhaps some concerns about

these Nvidia earnings that will be here tomorrow after the close?

Twofold. One is Nvidia because people can't game it, so therefore they want to sell it.

That's the mindset. The other is that there's just not enough money coming in, back market

with a good piece about money coming out of the market today. And what's happened is,

is that typically when you have a Fed cut, you have money going in and it goes into the hot group

and then it doesn't come out of the not so hot. It actually goes in a little less. So typically what

would happen is that you would have some upside to the tech stocks, but the big upside is to the general mills of the coal game and also to the utilities.

And, of course, the Toll Brothers.

That didn't happen yesterday.

What happened is that it was entirely money out of a sector and then money into another.

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