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 Thursday morning. Welcome to Squawk in the Street. I'm Carl Kintenea with Jim Kramer

at Post 9 of the New York Stock Exchange. David Faber has the morning off.

Futures are lower as investors take stock in December CPI. A bit hot on headline.

Although the first three handle on annual core in almost three years, tenure does

touch 405.

A roadmap begins with inflation picking up in December, what that means for the Fed and rate policy

ahead.

Bitcoin rallying almost 8% this week, best week since early December as those ETFs began

trading today and hurts trimming its EV fleet, citing

some weak demand, high damage costs.

Steven Scher is going to join us exclusively in just a few minutes.

Let's begin with market reaction to CPI, Jim, as we said, a little hot at three-tenths,

half more than half a shelter.

Right, and I'm not sure, remember, shelters rent, it's not really clear to me since we know a

used number of rentals are coming on the market because you couldn't build during COVID.

The ones that you started during COVID are historically right about now.

So that may be the peak, and that's very, very positive.

I know that we can all focus on used cars not being

as lower. But we've got Steve Schert from Hertz. Who knows about the price of used cars better

than the CEO of Hertz? Airfare, up one month on month. That was a bit of a surprise,

...