Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Monday morning. Welcome to Squawk on the Street. I'm Carl Cantona with David Faber, Mike Santoli,

at Post 9 of the New York Stock Exchange. Kramer has the morning off. Pre-market is extending the

weakness from Friday's downside reversal. Calendar pack this week with CPI, retail sales, UMIS,

and earnings from Oracle, Lenar, Adobe,

and others.

Robat begins with that big week ahead for investors.

We'll get the latest inflation read on deck tomorrow.

As we said, Lenar, even dollar stores earnings on tap.

And not so invincible Nvidia, the chip giant notching, its biggest stock reversal in nearly

seven years and its biggest

single day percentage decline since last May. Plus targeting TikTok, there's a bill that's

moving through Congress pretty quickly that could ban the social media platform in the United

States. President Biden says if in fact it passes Congress, he'll sign it.

Let's begin with what will be a very busy week for the markets.

Ended Friday with a losing week for the S&P.

Haven't done that only a few times this year, although didn't stop your former employer from some pretty

bullish covers over the weekend.

That is true, Barron's. Third down week in 19 or something like that since the late October low.

So, you know, in the grand scheme of things, it looks like a hiccup on the charts.

I do think the nature of the decline, though, you mentioned the reversal in NVIDIA.

And the fact that we had a almost made-to-order jobs number and everything was sort of filling in the blanks

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