Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street. Good Thursday morning, welcome to Squawk on the Street. I'm Carl Kintanaia with Jim Kramer at Post 9 of the New York Stock Exchange. David Faber is the morning off. Future is pretty steady here for a second day as the market reprises fed expectations in the wake of Powell's comments, two-year, pretty much

anchored at five jobless claims do come in a touch-heavy. Our roadmap's going to begin with the

markets and the Fed's data dependency. Tomorrow's jobs number will obviously gain added significance.

Tesla under pressure again, now down double digits for the week. And the U.S. Chamber of Commerce says

it's time to regulate AI technology. But we will begin with the broader markets, as both

investors in the Fed Chair look ahead to the jobs number tomorrow. If, and I stressed that no

decision has been made on this, but if the totality of the data were to indicate that faster tightening is warranted, we'd be prepared to increase the pace of rate hikes.

That if, Jim, got talked about a lot yesterday, one of the few things that he added that was new in day two.

Yeah, I think that there's things happening right now that are superseding what he's talking about.

I think that what happened this morning with Silicon Valley Bank and what happened last night was Silvergate, much more front and center with the Fed chiefs said.

Silvergate is a true run on the bank. It was driven by crypto. I'm not sure whether they were as forthcoming as they should have.

You have Justice Department investigation. Silicon Valley Bank is happening now. This is not around

the bank. This is a restructuring. But it has to do with what I think, it has to be what the Fed is

thinking about, which is that Silicon Valley Bank lends to VC back companies, VC investors, VC back company principles,

founders and employees. They obviously have an illiquid asset. Why is it illiquid? Because they

haven't been able to come public. They at the same time invested that money in three-year treasuries.

Well, okay, so think about that. Whoever thought the stock grant would be closed, these people need their money. Who would ever thought that that was a risky bet three-year treasuries. Well, okay, so think about that. Whoever thought the stock grant would be closed, these people need their money.

Who had ever thought that that was a risky bet three-year treasuries? It all came together at once, and then next thing you know, they had to sell $21 billion of available for sale bonds. They had to take a huge hit. But at the same time, it had $1.8 billion hit. I don't want to get two-grand-laker, but I'm getting to the idea that they were able to raise the money.

General Atlantic, by the way, very, very bold. to $1.8 billion hit. I don't want to get two grand later, but I'm getting to the idea that they

were able to raise the money. General Atlantic, by the way, very, very bullish on this, because

it's got a long-term great franchise, $500 million of equity. That's number one. And then number two,

that's happening as we speak, is this just the total break of office loans, office properties, office reeds.

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