Market moving insight and analysis.

Join Jim Kramer, David Faber, and me, Carl Kainteneah, on the opening bell hour of CNBC Squawk on the Street. Good Monday morning. Welcome to Squawk on the street. I'm Carl Kainteneah with Jim Graemeer, David Faber at Post 9 of the New York Stock Exchange. Futures read as the Bulls look to resume this two-week 7% gain for the S&P. busy news flow flow this week with CPI, retail sales of Biden-Shee Summit and earnings from Walmart to Cisco.

Our roadmap's going to begin with those two weeks of gains.

S&P is pointing to a lower open as investors weigh this moody's downgrade with plenty of data on tap this week.

Plus, shares of Boeing are rallying.

It's amongst the top performers in the S&P

as Emirates announces a major new aircraft order. And ExxonMobil's EV move, the oil giant

is set to get into the lithium production business that would be to provide lithium for EV

batteries by 2007. Let's begin with the market set today.

It gets set for a very busy week, Jim.

A lot of commentary over the weekend on how there's positioning getting done to prepare for a

year-end rally.

Yeah, I mean, I think that people felt that the last two weeks were a sign that Intertrace

has peaked, that the big numbers estimates are too low after what happened last week.

Or don't worry about it.

I find that this is one of those moments, and David, you can disagree with this.

But when you look at what people were thinking about last year at this time,

we had people who were very, very negative.

And they're sticking with what's negative,

except for they were very wrong last year. I can't help but think that you're thinking about a

gentleman named Mike Wilson. I don't want to say that I don't know that, but that's where I'm

guessing. Well, you know, last year this week, he came out with a, we were at 3991 on the S&P.

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