Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla,

on the opening bell hour of CNBC Squawk on the Street.

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kaintena with Jim Kramer, David

Faber at Post 9 of the New York Stock Exchange. Futures come off the highs as April PPI accelerates, up five-tenths, but some negative

revisions and an inline year-on-year number do keep yields somewhat anchored.

Powell speaks in about an hour.

Roadmap begins with inflation and the consumer.

Wholesale prices hotter than expected, Homeot says high interest rates have heard sales

plus the a i race open a i unveils that new chat bot that can hold a human-like conversation

while google teases new i i tools that will be coming potentially as soon as later today and you

just saw andrew talking about it man those memes you thought they were dead? Uh-uh. They're back. Yesterday, they surged. Today, yet again, triple-digit gains ahead of the open.

Let's get to the inflation data. Year on year-on-year-24 on the core, Jim. Energy and portfolio management fees once again. I love that. But thank you to Boas Weinstein

for bringing down portfolio management fees. Great interview by Andrew, obviously. Look,

the bonds aren't moving in a moment they're where. And I think it's because the revision is so steep

prior month revised from 0.2 to down.1. David, I'm beginning to think when you see these numbers.

I know I never want to challenge numbers because the numbers are put out and people were required to do them.

But when you have that kind of revision, it's not what you would get if Amazon are running it or Salesforce running.

Meaning what? They're just, they're not using enough.

Who would ever come up with a product that it could be that wrong? You have any product in your life that is that wrong? Well, it's all survey-based, right? Yeah, but I mean, there are other companies that know how to do surveys. Service Now could do the survey. Obviously, they should just outsources. You can't afford to be this wrong. There's too much on the line. And you believe, as a result, what? That you can't believe the current numbers? No, I can. I don't believe the current. Well, no, I'm saying that the bond market is indicating this stuff is that this stuff doesn't matter. I don't want to ever say something doesn't matter. The only numbers that people really do base policy offer is PCE, but of course the unemployment number

at the beginning of a month. But when I look at these numbers, I say, what are they worth?

I mean, how could you be so wrong? That's a gigantic delta. So my take is that people are just saying,

you know what, the press is going to make something of it, but it's not really a number. Let's see

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