Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street. Good Thursday morning. Welcome to Squawk in the Street. I'm Carl Kintanah with Mike Santoli, Scott Wapner here at Post-9 of the New York Stock Exchange. Kramer and Faber are off. LaShanate-Tovat to our friends who are observing Rosh Hashanah. Futures are lower as the markets continue to monitor Israel Iran, the port strike day three.

And today more macro, PMIs, ISM, and claims pretty steady at 225.

A roadmap begins with that China rally on pause, the Hangseng Index, snapping a six-day win streak.

Plus OpenAI, wrapping up a massive funding round, getting more investments from names like Microsoft,

Nvidia and SoftBank, valuing the startup at $157 billion.

And shares of Levi's set to drop double digits at the open today.

The retailer trimming its guidance and weighing the sale of its dockers business.

Let's get to the market this morning, as we said, a bunch of different pots are boiling. And, of course, jobs tomorrow is going to lead to somewhat hesitancy today. I think for the past couple of days, that's what we've seen, is essentially knowing that the big catalyst of the week is at the end of the week, also coming in to a new quarter, to a new month, at a record high with valuations back toward their highs. And a lot of that erratic

action overseas, even though it's been to the upside in China and to a lesser degree elsewhere,

it has been kind of these quicksilver moves overnight. You have to figure out if there's

something that's going to get knocked loose along there. And it hasn't really happened. You did see

another drop in the yen, which has been this kind of wild

ride within a range. But I think in general, what we have is a market that confirmed its

bull market status over and over again, but is very sensitive to any turns of the dial on

just how strong the job market is right now and what it means for the Fed. Yields have lifted

off those lows, the two-year yield, even after you got a slightly weaker

than expected weekly job as claims this morning, it's kind of back to a couple week high.

It's really nothing on the charts, but it shows you the direction of what we're really paying

more attention to and what we would prefer to see, which is, I think, stronger number.

I think it's a good news. It's a good news market.

Yeah, market is obviously getting thrown around by some geopolitical headlines and other things,

but it still shows its remarkable resiliency.

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