Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kintanilla with Jim Kramer and David Fabry at Post-9 of the New York Stock Exchange.

Pre-market steady, just south of all-time interday highs as we set the table for an important week of inflation and consumption data, 10-year-round 427.

Our roadmap begins with N and AMD. Both companies

reportedly agreeing to pay the U.S. government, 15% of their revenue from sales of those AI chips

to China. Speaking of chips, Intel CEO Liputan reportedly also set to visit the White

House today. This after the president called for his resignation last week.

And also ahead, we got a big week on the inflation front led by CPI as one of the Fed's dissenters pushes for multiple rate cuts over the remainder of this year.

Let's begin with the chips. We've got the NVIDIA and AMD news. We've got this Micron guidance

gym. But on NVIDIA, a lot of discussion about what this means for government involvement

in American business. Well, I think when you look at how much market cap was gained when

NVIDA went up and with when they got the approval and AMD, and I've got to tell you, I think

that the president wants a piece of it. Is that right? I don't know. I do think that they didn't have the, they didn't have the $100, you know, I mean $100,000, I mean $100 billion. When the president approved them being able to do to sell the H20. Yeah. So the president wants a piece of it. I don't know. For the country, it's not for the presidential library, for ever sake. This one is not for the presidential library. No. Right. I'm saying this for the country. Unlike the settlements with Paramount and ABC. It goes to the country. And media companies. They made 161.

They had a one-day gain of 161 billion, 772.

You're talking about in their market cap.

Yeah, well, I mean, if they're the president, you saw that by saying, listen, and let you sell, they gain this?

I think the president says, you know what?

Why shouldn't the country get some of it? It is a new way. I mean, I did. I'm sure you guys saw the Greg Gip piece in the journal, which I thought was, you know, he's writing really interesting things. And just talking about we are moving closer to China than China moving closer to us, which, of course, there'd been a hope maybe 15, 20 years ago, a thought perhaps. But we're, it's state-run capitalism. Yeah, but that's the PLA. This is not the Defense Department. The PLA runs the Chinese country. No, but it is interesting that you're taking a piece. I mean, at what point are we going to get to the point where the government is seen as a better allocator or capital than the that's already happening what the chips act was right well the chip act was with carrots

these are with sticks right and he's telling american business where they should invest who they

should have as a CEO and where to send the check for a cut of the profits a little aggressive

but at the same time, what?

The government, the previous government wanted to give the president, Biden, they wanted to spend

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