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 Monday morning. Welcome to Squawk on the Street. I'm David Faber. Along with Sarah Eisen and Mike Santoli. We are live from Post 9 at the New York Stock Exchange. Jim and Carl both taking a morning off. Let's give you a quick look at futures and get ready to set you up for the trading day ahead. not to mention, of course, the week ahead.

You can see a little bit of the week ahead. taking a morning off. Let's give you a quick look at futures as you get ready to set you up for the trading day ahead,

not to mention of course the week ahead,

you can see looking slightly higher

as we get to a half hour from now

trading for the morning.

Of course, so much going on in terms of the markets, not to mention, of course,

M&A as well, which we've been focused on. Yes, Thursday and Friday. We're busy days

from the beach, so to speak, of course. Meanwhile, the markets as well. Drifting up toward the old highs, that's been the rule.

And obviously also Fed meeting, anticipating the market playbook that being executed right now is by banks and cyclical stocks,

because it seems like you're going to get a Fed rate cut into a potential re-acceleration in the economy.

Whether the market has that right or not, that's the clear message being It's being sent. We are also seeing longer-term yields leak a little bit higher, you know, above 415 or so on the 10-year, but it's happening with credit markets pretty calm. So I think all in all, it's a pretty comfortable setup, and people think they have a little bit of an upside bias into year-end. It didn't work last year. The same set of things. We actually had a sloppy close to the year for the S&P and, of course, the first quarter gut check and a recession scare. But obviously, with some basis on the policy front, people are a little more comfortable right now. I just note that there's a little bit of a backup in Treasury yields. We saw that last week as well into this Fed meeting.

There's some expectation that we'll get a so-called hawkish cut from the Fed, which is almost

100% chance now in the market that the Fed cuts, but will they raise the bar for cutting

again in January?

At this point where it stands, penciled in cuts, we only have

really one as far as the median dots go. We'll get a new dot plot, so-called projections from the

other Fed members this week. And let's see what they say and what they pencil in as far as more

potential cuts. As the unemployment rate rises, not to alarming levels, but that trend is part of

their mandate, but also inflation stays stubbornly high.

I mean, last Fed meeting, you know, or when Powell came out and said the next cut is not a

foregone conclusion, the market was already pricing very high odds of getting that additional

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