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 Wednesday morning. Welcome to Squawk on the Street. I'm Carl

Kintanillo with Jim Kramer, David Faber, post-9 of the New York Stock Exchange. Futures shave off some

losses as China signals openness to some trade talks. But Invidia joining Boeing on the list

of companies now facing some collateral damage

in this trade war. Roadmap begins with NVIDIA shares under some pressure. Company expects to take

a $5.5 billion charge due to some new restrictions on chip exports to China. Also ahead,

retail march sales beating forecast, this is the head of Fed Chair Powell's remarks on the economy. That's just a few hours from now.

And United is one of the morning's bright spots, at least the stock. It is leading the group higher on better than expected earnings and advanced bookings, although it does give you two scenarios in terms of its guidance as well.

Let's begin with Nvidia down sharply in the pre-market.

Company says it expects to take those quarterly charges of up to $5.5 billion

associated with U.S. restrictions on its H-20 GPU exports to China.

In a regulatory filing, the chipmaker says it was informed by the U.S. government.

It now needs a license for exporting

such processors to China and other countries. Jim, some reporting today about whether or not they

kept some of their Chinese customers in the dark for about a week on some of this.

Well, take a look at that NPR report that's April 8 that said, look, they're probably

going to be okay. I think they're holding their breath, they're probably going to be okay.

And I think they're holding their breath and they felt that they would be okay.

So when I read that story, I just think, is that really the case that they really just say they kept the Chinese in the dark?

How about they kept everybody who owns the stock in the dark?

I care more about that than I care about the Chinese, for heaven's sake. Now, maybe they really did hope. And I think a lot of times what happens when you hope that something's good? You maybe get a wink and a nod. You don't feel like, well, you've got to come out and say, you know what, this could happen. I just don't really care one bit about the Chinese not being... Not knowing if Jensen Wong didn't know. What are you kidding?

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