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 Monday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Jim Kramer, David Faber, David Faber, post-9 of the New York Stock Exchange. Futures are adding to gains ahead of an important week. Got events for Apple and Tesla, some key inflation data. U.S.-China trade discussions kicking off right now, in fact, in London, 10-year yields back above four and a half. Our roadmap begins with the U.S. and China, meeting for those talks, Secretary Bessent, Secretary Lutnik, and Trade Rep Greer in London for this face-to-face with Beijing's lead negotiator. One of our brothers' discovery is splitting into two public companies. We'll tell you what that means for the companies and, of course, for the media landscape. And Apple is set to kick off its worldwide developers conference. That'll be later today. And of course, it does come with plenty of questions for the company about its AI strategy. Let's begin with the markets.

S&P is entering a new trading week, slightly above 6K, U.S. and Chinese officials, as we said,

meeting in London for trade talks, Jim, Passett on Squawk today.

Kind of framing this about maybe a reset on rare earths.

Yeah, I think that we didn't think about rare earth when we started, which is, or maybe we

thought about contacting Mexico, which has big rare earth, or maybe we thought about doing

empty materials deal, which was a course of spec, but I think we didn't do anything.

So we kind of got hung from the get-go.

I'm not quite sure exactly what we were thinking.

I think that the key is a person who happens to be in London at the time, Jensen Wong, because they want very much to have advanced chips. You make advanced ships versus some sort of rare earth. But David, the fact is, they are rare earth. We used to be rare earth. We kind of gave it up, environmental. We gave up rare earth. Now we need give up growers. Now we need them.

Yeah, now we need them.

Yeah, and so we need them for, it's not just autos. I mean, it's pretty much everything we need. It's a lot of things, not to mention future products as well, that we're not making a lot of the robots are going to need them too. But how about the F-35? That's great to be hostage to China, right? Right, you have 35 or Chief Warpley.

So it gives them some leverage, doesn't it?

What the fuck. great to be hostage to China, right? You have 35 or Chief Warpley? So it gives them some leverage, doesn't it? Oh, good. Oh, I go. You born at Tony last night for that, huh? That's why I'm here for you guys. That's why I'm here for you. You know, we'll talk. Shazlov in a moment. But in the meantime, is that all I'm good for? You know, I just, that was so, See how his brain worked? Actually, you're not good for anything.

Oh, except maybe some ridiculous stuff on media.

The fact is, the sea human associate ticker symbol.

Yes, exactly.

Mexico has a sizable rare earth.

I don't know whether they've contacted them.

I get the feeling that they thought somehow that we didn't need them, rare earth.

I don't know.

Who thought that? The administration?

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