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

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintiniah with David Faber, Mike Centi, here at Post 9 to the New York Stock Exchange. Kramer has the morning off.

Future is fairly steady as consumer retail earnings kick off this week with Home Depot.

And a decent diet of news on Mega Cap Tech, Nvidia,ita, Intel, Apple, Palo Alto will get to it.

Housing starts were good, but permits down for a fourth straight month.

Our roadmap begins with Intel, getting this $2 billion investment from SoftBank.

The Trump administration reportedly also weighing a stake of the chipmaker.

Commerce Secretary Lutnik's going to be with us in just a few moments to talk about that, trade, and a lot more. Home Depot misses earnings estimates. That's the second

straight quarter. It's done that. It is sticking with its outlook. We'll keep an eye on that

stock. And Invidio reportedly working on a new AI chip for the Chinese market that outperforms

the age 20. This coming as Open AI CEO, Sam Altman,

warns about China's next generation AI threat.

Let's begin with these stories about Intel and these stakes.

There's a soft bank side, Mike, and the government side.

And of course, the journal op-ed page,

talking about the nationalization of Intel, as they put it.

Right. With these reports in particular that perhaps the stake from the government in Intel of being contemplated as essentially converting the Chips Act grants that were earmarked for Intel

into it as opposed to a new infusion of capital. I know the details are not yet set.

$2 billion from SoftBank. I mean, I don't know if that's a good thing that the stock is up 6% on a $2 billion investment.

It's like 2% of the company. Intel spends $25 billion annually already on CAP-X.

So in other words, what moves the needle here, changes the story in terms of manufacturing

capacity, having a market for whatever it does build, or, as has been reported,

...