It's Jim Kramer here. You're listening to the opening bell of CBC's Squawk on the Street.

Don't miss a minute of the action. Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanilla with Jim Kramer, David Faber, post nine of the New York Stock Exchange. Future is under some pressure as China's economic targets and stimulus under well. Meantime, some worries in mega-cap tech, whether that's AMD, Apple or Tesla.

We'll get to all of it, 10-year below 415.

Our roadman... and stimulus underwhelmed. Meantime, some worries in mega-cap tech, whether that's AMD, Apple, or Tesla.

We'll get to all of it, 10-year below 415. Our roadmap begins with Apple shares down again, this time on a report of an iPhone sales slump in China.

It's a different story for Target. That stock is up sharply on a holiday quarter beat, despite what was a decline in sales and comparable store sales. Sales guidance, though, did come in above consensus.

AI, of course, also in focus, as it always is here. Google co-founder, Sergey Brin, speaking out

in a rare public appearance, saying the company definitely messed up. It's Gemini Image Generation

launch. Let's beginini Image Generation launch.

Let's begin with Apple shares down on the pre-market again following this report that iPhone sales plunged 24% in China year on year for the first six weeks of 2024, facing competition from local

smart firm, smartphone firms like Huawei and Xiaomi. Jim, this is boutique data, but they are on track for

five days now losses. Yeah, I'm trying to get a confirmation because a lot of these different

services you have to take with a grain of salt. I would say that if you take China itself

and look at what they're buying, they're all trading down.

There's just a lot of things wrong with China.

We're going to get into that.

I told club members yesterday, look, you could go to 160 without really a problem.

I mean, what are you going to do?

You have one of the greatest performers of all time that you're caught in mid-cycle.

David, you know, we don't know if they're going to have this Samsung-like AI in the next edition, the 16.

It's just like one of those things we just let it rain.

I think that there have been periods where you have to suffer through lulls, and this is a lull.

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