Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street. Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kinteneo with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange. Pre-market breathing, a bit of a sigh of a relief as November CPI comes in in line across the board, although it's the fourth consecutive month, up three-tenths on core. We'll talk about some internals, two year pretty steady at 412.

A roadmap begins with inflation. although it's the fourth consecutive month, up three-tenths on core. We'll talk about some internals, two-year pretty steady at 412.

Roadmap begins with inflation watch.

The path to bringing down price pressures appears to be stalling a bit.

What that could mean for another Fed raid cut next week.

Plus, the deal is dead.

Albertsons terminates its merger agreement with Kroger.

Also file suit against Kroger for breach of contract.

We're going to have those interesting details.

And this hour, we are joined by the CEOs of GE-Vernova and Southwest Airlines.

Both will be right here at Post 9.

Let's get to some market reaction on CPI this morning ahead of next week's Fed decision, Jim.

Wow, there's some growing controversy about whether or not we've stalled out, at least on

core goods disinflation.

This storm shelter is just going the wrong way.

And I saw a piece this point, Barclays downgrading the home builders.

I mean, there's just no one's putting up the amount that we need nowhere near in shelter. And, of course, that's rental. It's not home price because that was taken out of the CPI. Also, of course. I mean, we've got incentives all over the place, but we do not have any decline and used. And then going out to dinner, I mean, I come back, I said, David, you still have to change your lifestyle. You still have to say, listen, I'm not going to go out. I can't buy a used car. I can't get any break on my rent. If your pal, you say, all right, so far it's not really, we did what we can so far. Let's see if we can't lean on it more.

But the higher you put the mortgage rates, the fewer number of-olds are you pointed out, housing,

as you always say, punches above its weight. You talked about Toll Brothers yesterday.

That downgrade.

And the mortgage rate's just not where they need to be there.

Although we got the biggest jump in refies this week, Jim, since September of last year.

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