Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Wednesday morning, welcome to Squawk in the Street. I'm Carl Kintanio with Jim Kramer, David Faber, post nine of the New York Stock Exchange. Markets are stabilizing as the Iran war moves into day five. Hegsseth says the U.S.-Israel Israeli effort is winning, quote, decisively and devastatingly.

Got oil below 74, VIX below 23.

European markets are up, but that's after a nasty session for Asia with the Kaspi's

worst day in history.

Our roadmap begins with a memory sector sell off fueling that record plunge in Asian markets as the conflict drags on.

Wall Street, though, looking for a bounce.

Plus those continued warning signs in the credit markets, investors remain on edge over rising worries of bad loans and a lack of liquidity.

And it has been blacklisted by the Pentagon, but Anthropics Cloud reportedly still in use by the military.

This for the Iran War.

And as source tells CNBC, the company's on track to generate almost $20 billion in revenue.

He's doing a billion, 14 months ago.

Let's begin with the markets, though, following yesterday volatile session, which saw the Dow

fall more than 1,200 points before closing with that 400-point decline.

Blue Chip Index has lost about 1,000 points since Thursday's closed, Jim.

This interesting pattern last two days where we do open low and try to recover through

the course of the day.

We have a huge amount of margin sales in Korea. Again, down 12% last night. But the stock that I monitor from Korea, remember, that's a market heavily concentrated on SK Hinex and Samsung Electronics, is Sandus. Can Sandus started jumping? You can say it's a meme stock. It's a real. It's real real memory stock. It started jumping very, very on this morning, which tells me that you may not have the margin problem.

And when I say the margin problem, some of the spillover is that if you are trading actively in the Korean market,

of which they do have tremendous active traders, what you do is you sell here.

And I think that if we break that pattern, we may not have the down opening that has really been characterized by these last couple. Well, certainly won't be today. At least we don't think so. No, we might be today. I also think that if you wanted to monitor yesterday, I mean, typically you monitor an Nvidia. By the way, there's a big bar of a Vivida movie in stock up. Or you might take Tesla. I don't know. For all I know, you might look at Amazon. You may look at Microsoft. Yesterday, you looked at the stock of Blackstone. And when it bottom, the market bottom. And when it started going up, the market started going up. And incredibly, it almost went to the positive.

It did.

It might challenge that today. And does that signify some sort of peak in the crisis?

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