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 Wednesday morning. Welcome to Squawk on the Street. I'm Carl Cantonio with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.

Futures holding some gains here after the first red SMP day in 6. CPI in line pretty much across the board, although year on year headline ticks up to

two six. Our roadmap begins with the October inflation coming in as expected, but ending that

cooling streak, what could the latest reading mean for the Fed's rate cut path? Plus a lot of news

at Liberty Media, charter acquiring Liberty Broadband in an all-stock transaction, and CEO will

step down. John Malone, going to be returning as CEO. We're going to break down all those

details. SoftBank, set to become NVIDIA's first Blackwell chip customer with plans to build

Japan's most powerful AI supercomputer. Let's begin with the markets in CPI this morning, as we mentioned.

Core, Jim, 3-3-year-on-year. Actually, rate December cut odds went up a little bit this morning.

Yeah, I mean, look, it's really housing. Housing is responsible for a big chunk.

65% of the total 12-month increase, all items less food and energy. This is the stickiest one. A lot of other things went down a lot. I point that apparel had been really bad, and power is now really good. Medical hair bad. Motor vehicle insurance, 14%. David, you don't actually go in that business. But what I'd like to say is that we have become way too day to day when it comes to bonds.

And I'll use the example of Home Depot. I mean, yesterday Home Depot report a really good quarter. And October is accelerating. There's a clear breakout. So the stock goes to from 412, 420, and then promise to 403 finishes in just a little big game, then finishes in 4.3. If we're going to play that game of looking at these bonds every single day, then we're just going to become traders.

And I may suggest, if I can, that maybe things are with tax rates lower, with more optimism, price journeys, multiples, increasing.

You buy stocks like Home Depot when they come to. So you prefer to think about things rather than tariffs, labor, supply, shrinking, anything like that?

I just think higher deficit spending.

Right.

I think the price journey is multiple is on things involving, say, housing, where I think rates are still coming down.

We talk about that.

The percentage of people who think there's a cut, obviously, went up after this. But I just think we should be looking back and saying, you know what, we're going to pay more for a lot of companies that we felt we shouldn't pay more under Vice President. So you're willing to pay 26 times earnings for Home Depot, even though it's not really growing. Oh, they did add some stores. And they did. All. Okay. Well, you know they've always been chari about it.

I'm just trying, you know, for not a lot of growth, Jim, in that last quarter. David, this is the inflection quarter. This is finally when things are. It's great company. I'm not saying it's not a great company. No, no, absolutely. I'm just asking about the. If you take a like my chapter shall start, we'll talk about it tomorrow at meeting, but this is the quarter that we began to think maybe there could be a turn.

Now, the, the, the, uh, We can talk about it tomorrow at meeting, but this is the quarter that we began to think maybe there could be a turn.

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