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 on the Street. I'm Carl Kintanaio with Jim Kramer, David Faber, post nine of the New York Stock Exchange. Future is steady here. The Dow up seven days in a row. Longest streak since July, another wave of earnings in FedSpeak today, including Fed Chair Powell this hour.

Oil approaching 75, lower since June. Our roadmap begins with stocks trying to build on this rally.

S&P and NASDAQ are riding their longest daily win streaks since 2021.

Speaking of rallies, Microsoft shares closing at another record high that follows fresh optimism about growth from a key partner in its efforts in AI.

And we're continuing to keep an eye on the housing sector.

Mortgage rates are retreating. In fact, they posted their biggest one-week drop in over a year.

Speaking to which, let's get to the markets extending their win streak. Jim, a lot of that's going to circulate around a 30 year back to 7-6. Yeah, well, that allows you to be able to buy a lot of things. I mean, that's what happened yesterday. It was a dated dog rally. Data dog actually said something that was really key, which is said the optimization is declining. Okay, that's all Enterprise Software speak, but basically said there was a low on orders

Orders are back that reverberated every service now

To Salesforce to Amazon Microsoft to Alphabet and to Microsoft and you know, so you got this little data door

You know a 33 billion dollar company. I know that used in the old days, David, that was big.

But what they're saying is there had been a problem.

And we knew there was a problem with enterprise software, with a devSecOps, so to speak.

That's not Black Ops. That's DevSecOps.

And that apparently is over, and that's allowing a lot of companies to breathe because that had been the theme of the

quarter until yesterday see we can take that much of a narrative from data dog so that's really

important that's what where the bonds come in if the bonds weren't going the way of the bulls, I think it would have been no pin action. We would knock the one pin and nothing else happened. But when you have the bonds going, people are willing to extrapolate all sorts of things. And that's what happened yesterday. Right. So you had that momentum being created. Yeah, the bonds allow you to

by dream and you know. Allowed a dream. Some people dream dreams of just data

dog. I dream dreams of bigger things. You do. Yes, I do. Data dog was downgraded by some

sort of left winged. Missouri today does cut to neutral. Yeah. Yeah. Now when I look at

what you're cutting the neutral a company that is at the

absolute part of a lot of both security and observability is the word that people use of your

dashboard. And there are a couple companies that do that obviously. David, when we look at enterprise

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