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 Kingtonia with David Faber and

Sarah Eisen at post-night of the New York Stock Exchange. Kramer has the morning off. Pre-market pretty

stable as we await today's Fed decision and watch as Israel and Iran trade fire for a sixth day.

Oils back above 75. But bond yields mostly lower, as

jobless claims four-week average is the highest in almost two years. Our roadmap begins with

some geopolitical risks. Wall Street's in this holding pattern as the president calls for, quote,

unconditional surrender, while Iran warns that any U.S. intervention would, quote, lead to all-out war.

Plus, big tech's AI push, Open AI CEO, saying META has offered $100 million bonuses to

coach talent, while Amazon's Andy Jassy tells employees that AI will shrink its workforce in the coming

years.

And a big win for the crypto industry. The Senate passing a landmark regulation

bill, setting a potential pathway for private companies to issue digital dollars. Let's begin with

the markets. Focusing, of course, on the Israel-Israel-Iran conflict in today's upcoming Fed decision.

I'm not sure which topic we want to tackle first. We do have this speech by the Ayatollah saying that, quote,

war will be met with war. And a lot of the debate right now, stateside is whether or not the Oval

office is weighing, joining in on some of these strikes. Yeah, I love the post from President Trump,

the so-called Supreme Leader. He called for, President Trump called for unconditional surrender,

and the Ayatollah said that his country will not surrender.

So that's basically the latest.

We know that President Trump and Israeli Prime Minister Benjamin Netanyahu spoke by telephone

yesterday, according to a White House official.

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