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 David Faber with Jim Kramer. We are live from Post 9 of the New York Stock Exchange. Carl is on assignment. Let's give you a look at futures as we get set to begin trading a half hour from now. I always defer to Jim when I look at that because I don't know what it means. Yeah, whatever. It's early.

Yeah, it's early.

It's early. hour from now. I always defer to Jim when I look at that because I don't know what it means.

Yeah, whatever. It's early. Yeah, it's early. It's early. But let's get to our roadmap this morning

because it does start with, we're kind of on deal watch this morning, but not the kind you typically

think of. Here it's about Chevron warning that it's $53 billion Hest deal could be at some risk.

And then we've got the FTC and nine states.

They're suing to block, of course, that Kroger Albertson's deal,

which Kroger wants to buy Albertson.

We're going to give you a look at retail and macro as well.

Both Macy's and low shares are falling ahead of the open.

We've got this, perhaps. And some, not really here, but there's always some who call it an AI tech bubble. Yes. Jamie Diamond says not so fast. My guess is we kind of agree with them. We'll talk about that. Well, if you don't call it a bubble and it explodes, then you look like an idiot. If you call it a bubble and it doesn't explode, you still look smart. So it's an asymmetric level of reasoning. You started the day so cynically. No, I'm sorry to doing it so that we protect our butt. Just kidding. The idea that it's a bubble and then the idea that the Wall Street Journal is a piece saying that everyone's sucking up the Jensen Wong for the, I mean, bubble, but we have really serious people like Jamie Diamond who directly go to Jensen and say, I need this.

Because this is how you detect fraud.

Maybe we have a new paradigm.

Maybe every single chip that we have is an inferior chip.

And maybe everything's conventional bombs and then Oppenheimer comes along and we just don't think about that.

But we still need conventional bombs because of the way the world is.

We're going to talk a lot more about that.

You bet we are.

But I do want to start on something else that we have obviously discussed in the past.

But there was something unexpected later in the past, but that was something

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