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 Thursday morning. Welcome to Squawk on the street. I'm Carl Kintania with Jim Kramer, David Faber, post nine of the New York Stock Exchange. Future is fairly steady. S&P within about a percent of all-time highs. Jackson Hole begins, jobless claims in line. The 10-year yield recovers a bit

after falling to near one-year lows yesterday. Roadmap begins with the markets on this Jackson

Hole Watch Day, as the Fed minutes yesterday do indicate a September rate cut is likely.

On the earnings front, snowflake shares down sharply. Despite the company raising guidance,

it also posted results above

consensus. We'll also have the latest on Paramount at Company's special committee confirming it is engaging

with Edgar Brompson's group. That is over that new last minute acquisition proposal.

Let's begin with the markets and the Fed ahead of Powell at Jackson Hole tomorrow.

A little bit of a relatively hawkish comment out of Schmidt has the yields up a bit.

Yeah, well, so then they went down, they go up.

Boy, this is, this day has become very important.

And it's a sleepy August day, but we all know from the last few years, it does matter.

You can be hawkish pretty easily because I've seen a lot of retail quarters that are quite good.

But the ones that are good are the ones that are discounted.

So I tend to think that I've been going on the idea.

Forget about the consumer being frugal.

Consumer shopping where the prices are rolled back.

And the pressure

to roll back everything is pretty great. So anyone who on the Fed who is really, really worried,

has to recognize, David, that there are places that the prices have not come down. And the most

important one, because we saw it from Toll Brothers, housing. Not coming down at all. Right.

...