Market moving insight and analysis.

Join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Tuesday morning. Welcome to Squawk on the street. I'm Carl Kintania with David Faber here at Post 9 of the New York Stock Exchange. Kramer's in San Francisco at J.P. Morgan's annual health care conference. futures are adding to Monday's gains as the Bulls finally get some relief on PPI, unchanged on core, ahead of CPI tomorrow.

Yields are dropping modestly 10 years still around 478. Our roadmap's going to begin with TikTok's Musk option.

China officials reportedly discussing options, including allowing a trusted non-Chinese party to take control of TikTok's U.S. operations.

TikTok, for its part, calls those reports, quote, pure fiction.

Plus, the housing and retail rate on the economy, KB. Home shares, they're surging on upbeat guidance,

while shares of Cigna tumble on week holiday sales and lower guidance.

And Eli Lilly expects its new weight loss pill, and that's the key here, of course, a pill,

to be approved next year.

We're going to talk with CEO David Ricks later this hour.

Let's kick things off with markets and PPI, Jim.

Pretty interesting internals.

Food costs down a 10th,

vegetables down 15, medical care pretty flat. Carl, these, the bonds just don't want to react

to anything good. Of course, we can immediately say it's because we're going to get a tough CPI number

tomorrow. The fact is, is that these numbers are tame. People have to start recognizing that there are some good numbers coming. We're going to be talking about KB. Holmes in a moment. House prices are coming down, food coming down. But it doesn't seem to matter. What the bonds are reacting to, I think, is a new administration, concern about what is going to be tariffs, even though it looks like they're going to be phased in.

You know, David, the interest rates don't want to come down here. And they don't want to come

down. There's too much issuance. There's a belief that the next administration is much more

inflationary. And David, doesn't even matter what is printed. The bonds don't want to go higher.

Interest rates not low. Yeah interest rate, it's not low.

Yeah, well, it's the unknown. And right now, I guess the judgment about the unknown is it's going to be more inflationary, Jim. And when I say the unknown, we talk about, of course,

so often here as we will, the depth of the tariffs, how broad they're going to be,

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