It's Jim Kramer here. You're listening to the opening bell of CBC's Squawk on the Street.

Don't miss a minute of the action.

Good Wednesday morning and welcome to Squawk on the Street. I'm David Faber with Melissa Lee and Mike Santoli.

We're live from post nine at the New York Stock Exchange. Jim and Carl have the morning off.

We have an abbreviated trading session today ahead of the 4th of July holiday.

Market closes at 1 p.m. Eastern

bond markets and that's the stock market yeah and we end trading of bonds an hour later let's take

a look at futures as you see it right there we are looking for a bit of a down open let's get to our

roadmap this morning it does begin with that big tech rally, Microsoft Apple, Amazon, all at new all-time highs. Tesla also notching its longest winning streak

since last July. Plus the Skydance dance, it's back on with Paramount Sherry Redstone's now backing

a deal. She previously rejected. We'll give you my latest reporting. That's just a few minutes.

And Southwest Airlines adopting a poison pill to fend off activist Elliott management.

Let's start with the markets, though, in record territory and new milestones for the tech sector.

Great to have two of the greatest in terms of discussing the markets with me here on set.

And, yeah, you, both of you.

Oh, I mean, this is looking at who else besides her.

No, no.

Far from it, far from it.

And so I just love to throw it over, get a sense, Mike, as to what your thoughts are,

given what we've seen so far this week.

Don't seem to be taking a lead perhaps in the bond market as much as we have the last two days, perhaps? Not as directly, although yesterday the bond market sort of calmed down a little bit, yields, receded from the prior days gained. It seemed to open the door. Yesterday's action was really slow in building. Late in the day, we got this rally. Yep, it was pretty much led by a handful of the mega caps.

And what is interesting too is that the laggard among the mega caps get their turn.

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