It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street. Don't miss a minute of the action. Good Monday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer at Post 9 of the New York Stock Exchange. David Fabers on assignment. Stocks do look to give back all of Friday's late rally and then some ahead of a big week of inflation data and a government shutdown deadline.

That's where our roadmap begins, as stocks headed toward another lower open.

S&P's coming off the worst week of the year.

Novo Nordus shares tumbling pre-markets, some weaker than expected data for its latest weight loss drug,

and more protests at Tesla showrooms over the weekend following Elon Musk's growing political involvement.

Let's begin that with the markets on track to extend last week's losses.

Jim, you got some thoughts this morning about what is driving this sentiment right now.

Right. Look, I think that we're in this situation where people feel that there's nothing good now that can come to this administration.

Obviously, we felt that there was a tremendous amount of good that will come. There's this perception, and a lot of it was from a Sunday talk show, that Trump's willing to take a recession, and it doesn't matter. I think all this is just talk. I mean, Carl, if we're going to become the Trump, oh, they remove the put. If we're going to become all Trump all the time, then we're going to be never owned a stock. And that's just not true. What you have to do is say, okay, well, who's not involved? Now, there's too much, there were too much buying in J&J and Merkel on Friday. It was a rotation into dividend stocks. But, you know, people want to panic. And I want people to understand. When you see the prices underneath and what's known as a crawl, they're all down about 2%. That's someone just saying, listen, I'm not even going to wait for the open. It's a program. They give it to Goldman and say, listen, here's a billion dollars for the stock, and I don't want it at the opening. That's what goes on. And I've done these. I've panicked, too. I remember selling 200 million to Goldman and getting back a report down 3%. And I said, like, in the middle, I said, what an idiot I am. But that's what's happening. And they are idiots. Do you mean it when you say panic? Or do you just mean a Sorry? It's someone who comes in and says, you know what? It's all over.

And get me out.

Get outnow strategy.

And the get-out-now strategy causes what you see, that you see everything down 2%.

And what I'm urging people to do is say, okay, look, I know it's being taken down by portfolio managers.

You think it's over.

But think about where it bottomed on Friday.

Invitea, let's use Nvidia, which is probably the most hated stock other than Tesla,

but at least has an event next week.

Invidia traded down to 106.

Good place to think about if it holds.

Good place to buy some.

If it doesn't, then look out. Probably goes to the 90s. And if you can't take that pain, get out now. Get on that?

Yeah. Because you're just going to have the same drumbeat every day. Yeah. Ben Wright's just great

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