Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kainteneah, on the opening bell hour of CNBC Squawk on the Street. Good Thursday morning, welcome to Squawk on the Street. I'm Carl Kaintena with Jim Kramer, David Faber, post nine of the New York Stock Exchange. Pre-markets holding on to gains as July CPI remains tame, up two-tenths. That's in line. annual core inflation dips to 4-7.

That's near a two-year low, yet again.

Our roadmap. July CPI remains tame, up two-tenths, that's in line. Annual core inflation dips to

4-7. That's near a two-year low yet again. Our roadmap begins with CPI, rising in July

year-on-year, a bit milder, though, than Wall Street had feared. Speaking of inflation, Disney is

going to hike its streaming prices. It did also post- quarterly results after the bell yesterday.

We're going to discuss all of the

news coming out of the Magic Kingdom. Also ahead, the future for the company formerly known as Twitter.

Sarah Eisen's going to sit down exclusively with X-Corps CEO, Lindy Akarino. That'll be in the next

hour. Let's begin with the market's reaction to CPI.

Ten-year did get down to 396, Jim.

That's going to be the lows of the month.

Yeah, look, these are numbers that you want to see if you're a bull.

Obviously, Robert Frank had a fantastic piece this morning about how rents are the only sticky part.

I mean, frankly, we could easily counteract that by saying earlier this week there

were a number of articles about how we've overbuilt apartments and they're about to come on.

So, David, I mean, if that's the last sticking point, then I think the Fed can't declare victory

because that's a burn's problem where you declare victory and then it comes back up.

But, I mean, the Fed, I think, should do one more just because... can't declare victory because that's that Burns problem where you declare victory and then it comes back up.

But, I mean, the fake I think should do one more just because

you want to be sure that

the vampire

...