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 Wednesday morning, welcome to Squawk on the Street. I'm Carl Kintania with David Faber post-9 of the New York Stock. Exchange. Kramer is at one market in San Francisco after his interview with Mark Benioff last night at Dreamforce. Meantime, the big day is finally here.

Fed decision 2 p.m. Eastern time and an even more important press conference.

Odds of a 50 basis point cut still outweigh a 25.

Our roadmap begins with 25 or 50 as traders debate how big the cut will be.

The S&P also eyeing a fresh record at the open.

Plus, as for that AI trade,

well, Jensen Wong says Nvidia is just getting started,

while BlackRock and Microsoft team up for a massive new AI infrastructure fund.

And an election pause for the fate of Nippon's bid for US deal,

why a national security panel has or is delaying its decision.

Let's begin with the decision day for the Fed today and these rate cut expectations. Jim,

Fed Fund futures haven't really budged much since last night, 65% odds of 50.

I don't know how they get that because I'm just seeing too many companies that are doing

incredibly well, record after record

after record.

There are a couple companies, obviously, that have been hurt by commodities going down.

And the oil companies certainly have been a big beneficiary of too much drilling, even though

it's President Biden.

And, you know, David, there really isn't a lot of deflation in the system.

There's a lot of stabilization.

But I find too many companies that are doing well and really call for a slowdown.

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