Market Moving Insight and Analysis. Join Jim Kramer, David Faber, and me, Carl Kaintena, on the opening bell hour of CNBC Squawk on the Street. Good Monday morning. Welcome to Squawk on the street. I'm Carl Cantonia with David Faber. Sarah Eisen at post-9 of the New York Stock Exchange. Kramer has the morning off. We kick off the month of October and Q4 with a government shutdown averted for now. Tons of Fed speak this week,

a lot of eco-data, no real relief in rates. Ten-year four-six-four and futures are read. Our roadmap

begins with this new month of trading and the beginning of Q4. All major indices coming off their

first negative quarter of the year. We're also going to keep an eye on a lot of the EV makers,

Rivian, Neo, and of course,

Tesla all out with big delivery numbers or delivery numbers that are of importance for us.

We don't know how big. No. And Kellogg's stack spinoff, Kellanova, set to begin trading

today here at the NYC. We're going to talk to the CEO and a CNBC exclusive later this hour.

Let's begin with the markets. We've talked a lot about the pain we got through during Q3.

A bunch of new notes this morning of top pick lists out of the major strategists. We'll see as we

are at least, Sarah, now guaranteed some data this week. We weren't sure on Friday. Yeah, and so the thinking is, okay, maybe the November rate hike is back on the table because the Fed won't be flying blind into the next meeting. We are going to get the big jobs report on Friday. We'll get a jolt's report before that where we get to see if job openings continue to come down. And then the CPI, the inflation report next week.

And those will be the determinants.

Now November is again looking like a coin flip

on whether the Federal Reserve raises rates.

But what's more interesting than that,

Carl, is just the backdrop here of rising treasury yields,

the market rates rising, despite the fact

that we're still only expecting maybe

one more or no more rate hikes for the Fed, the higher for longer mentality has really

seeped in to the bond market and to the stock market as well. And I think that that's what you saw

in the performance of September. And that's going to be the big question of what happens

in October. Well, it was something we were discussing last week as we approached, I guess,

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