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

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Canton Air with Jim Kramer at Philadelphia.

We'll get more on that in a moment. David Faber here at the New York Stock Exchange.

Pretty busy morning. Futures do pair some gains after the data runs a little hot. GDP price

index, jobless claims with a one-handle, 10-year yield continues to set some new highs for the year

at 396. Our roadmap's going to begin withIA going all in on AI and shares moving sharply

higher ahead of the open.

Plus Tesla's CEO Elon Musk says California is still the company's home, sort of.

Shares of Alibaba rallying this morning this after quarterly results smashed through expectations.

Jim, we talked a bit about why you're in Philly yesterday, but remind us what's going

on and what's coming up tonight. Well, what we've got is Jamie Diamond's coming here. He's

doing this great strategy of going into unbanked areas, not just in Philadelphia, Philadelphia's

microcosm, but all over the country. And we're going to a place, 52nd. I don't want to be too granular. But it's a part of town that I think has really suffered from the fact that there's just not enough commerce. And when Diamond opens a branch, we have demonstrable information, which shows that there is an increase in commerce, increasing people being able to create businesses. So that's why we're here, and I'm going to

spend some time. He's given us a lot of time today. Speak at noon, some of the issues that are

involving both the bank and also the world. And, you know, frankly, I think Jamie Diamond

is, it captures the zeitgeist. And David, I think you sense this where people are a little

bit gloomy because they don't know when the Fed's going to stop. They know that we're divided politically. They know that even though unemployment is incredibly low, it's no longer an asset that it's so low. It's a liability. So, David, I think we're going to have to discuss all those things. And I know that Jamie's pretty candid about these comments. He is. and I'm looking forward to your conversation with him, of course.

We talked a lot about what was a hurricane from Diamond.

Maybe we downgraded it to a tropical storm,

but certainly want to hear his update on his view of the economy at this point.

Because so much has changed in such a short amount of time, or at least seemingly so,

given the market's reaction, a late, Jim. So, Jim. So even what you said a few weeks ago could be different than what you might say now. Right. I think, Carl, this idea of how many, the minute's covered yesterday. How many rate hikes we need makes it so that there is guaranteed uncertainty. Now, Jamie has often talked about,

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