Market moving insight and analysis.

Join Jim Kramer, David Faber and me, Carl Kaintena, 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 Sarah Eisen at post-9 of the New York Stock Exchange. Fabers at H. Kramer's on assignment. Futures a bit soggy here as investors await CPI tomorrow and a 10-year note auction this afternoon.

Oil's been elevated on a new round of Houthi attacks in the Red Sea, 10 years below four.

A roadmap begins with watching tech, RBC, downgrading the sector, and one Apple analyst sees,

quote, little room for upside.

Also, Invidian, notching its best two-day gain since last March.

Plus, approved or not approved, the SEC is investigating a fake post on its X account as investors

await the fate of Bitcoin ETFs.

And HPE acquiring Juniper Networks for $14 billion.

CEO Antonio Neri joins us later this hour.

Let's begin with the markets this morning.

We're sort of in a bit of a lull where the elements from conference season are beginning to fade.

J.P. Morgan Healthcare, of course, CES, ICR, awaiting CPI tomorrow and the banks on Friday.

The chatter, Sarah, is largely about whether or not CPI nudges up a bit.

Takes us back to three,

three year-on-year-on-year as far as consensus sees it.

We know it's very important when you get the scenario analysis from the trading notes on Wall Street,

and that's out right now.

As long as CPI stays in line, which is 0.2 to 0.3%, say, on the headline of an increase. And I think the details matter

here as well, because we know the Fed is watching core CPI, and that strips out food and energy,

which is more volatile. And we want to see that year-over-year number below 4%. Right? 4% is this sort

of sticky double the feds inflation target 2% David look there are some

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