Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street.

Good Thursday morning, welcome to Squawk on the Street. I'm Carl Cantonia with Sarah Eisen at post-night of the New York Stock Exchange.

Kramer and Faber have the morning off. We close out the month of August today with what could be a five-day win streak.

Best week for the S&P since June as July core PCE prints in line spending solid as well. Ten year pretty subdued

right around 410. Our road this morning begins with the Fed's preferred inflation gauge, what

core PCE results might mean for interest rate policy. Also this morning, shares of Salesforce

jumping after

quarterly results and guidance succeed forecasts as the company rides the AI wave. On the flip side,

at Dollar General to the list of stocks hit by this month's retail route, tumbling on a quarterly

miss and lowered outlook. Let's get to the markets in that batch of inflation data.

We've been waiting all week for Core PCE.

3-3 in line, a little bit hotter than the prior month.

Add to that consumer spending, 8 tenths, second best number of the year going back to January.

Pretty nice mix here.

We knew spending was going to be good because we knew we saw an acceleration and spending in July for retail sales.

The question is, is it temporary?

Is it just the Barbenheimer effect, right?

We know that people have been spending at the movie theater more than we've seen on Barbie and Oppenheimer.

We know they've been spending on tickets like Taylor Swift.

By the way, I'm four minutes in line on AMC theaters right now with this movie coming

out in October. But that's the question. And as far as inflation, pretty much in line,

adds to the evidence, I would say, this week. We got the revised 2Q GDP, which included

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