Market Moving Insight and Analysis. Join Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street. Good Wednesday morning, welcome to Squawk on the Street. I'm Carl Cantoneo with Jim Kramer, David Fabry, post-9 of the New York Stock Exchange. Bulls try to regroup here after Tuesday's sell-off. Yields are lower, but the 10 years still pinned to 4.5. Government shut down and strikes remain in focus.

We'll get Micron tonight.

Our roadmap begins with... off yields are lower, but the 10 years still pinned to four and a half. Government shut down

and strikes remain in focus. We'll get Micron tonight. Our roadmap begins with Wall Street's

worries, though. Futures rally after the Dow's worst day since March. S&P's first drop below

$4,300 this quarter. Plus, retail's theft risk. Target is opting to close nine stores in major

U.S. cities. Costco, though, says it's not a

major problem. No, it's not a club. And President Biden, all right, all right. President Biden

urges UAW workers to stick with the strike, while Elon Musk says the demands are a sure way

to bankrupt the big three.

We will get to Costco in a minute.

Let's start, though, with the markets looking to rebound from yesterday's sell-off.

Jim, you have said this morning, be careful, don't bite too soon.

Yeah, thank you, because you come in.

Now, I have to tell you that when I was watching Frank Holland this morning,

the look like we're about to have a breakout.

Then we go back down.

What I just, when people understand is that October's a good month.

So I can understand you're trying to position.

But I also am more worried that interest rates,

which did not go higher on the durable goods number,

that interest rates could reverse.

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