Market moving insight and analysis.

Join Jim Kramer, David Faber, and me, Carl Kainteneah, on the opening bell hour of CNBC Squawk on the Street. Good Tuesday morning. Welcome to Squawk on the street. I'm Carl Kintania with Jim Kramer, David Faber, post nine of the New York Stock Exchange. Futures are sharply lower on the back of Monday's decline as bonds continue to break down. Ten year 438 highest since November. Meantime oil

eclipses 85 for the first time since October. A roadmap begins with these market worries about

rates as some of the strong eco-data fuels concerns the Fed might hold off on a June cut.

Also I had a rough morning for shares of health insurers. The government's Medicare

Advantage reimbursement rates, they come in short of expectations. Many of these stocks down

rather sharply. Huge. GE shares, though, they've been up sharply. Wow. And the company now

completing its final split by spinning off its power generation business. GE Aerospace CEO Larry Culp and GE

Vernova Chief Scott Strassick. Both of them are going to join us right here at Post 9 a bit

later in the hour. Let's begin with the markets, though, and these rate concerns, we mentioned

the 10-year going back close to 4-4. Jim, this all got started with the ISM data yesterday.

Yeah, but it's just constant. I mean,

you look at it, it just dribs and drabs, but rates are going higher. And the market is reacting

in a curious way. Yesterday, the NASDAQ actually finished up. I thought that was just

incorrect. These are the stocks. Should be getting hit, David. And I do think

that this is kind of a very important moment in the market because we had forgotten about rates.

Well, we did yesterday, as to your point, but a mistake for the NASDAQ to be up? What does that

even mean? No, I just mean that, you know, if rates are seriously going to go up, then you want to sell a high multiple stocks. You would think so. You also want to keep an eye once again on those companies that have a debt stack that needs to be refinanced. I think there had been hope at the early parts of this year that you'd see a lot of rate cuts and therefore the refinancing risk was lower. right any number of those highly levered companies that do have refinancings coming up, let's call it, the next 18 months. Well, you're going to need, and Carl, I know you're still like JP Morgan, because you're going to need the economy to stay strong. But that also means you won't get the cuts that some are hoping for. You know, I never believed in the cut theory because I think the economy is really strong. But those guys, I mean, I guess those guys are just, they wear Tommy Hilfiger. That's the only thing that they do. The only genuine weakness. And they're in Medicare. Yeah. Medicare was something. We're going to get to some of the insurers today. Just astounding. That was a Biden shutdown. The rates are one part of the picture, Jim.

Now the market's now pricing in fewer cuts than the dots,

whereas before we were pricing in double the amount suggested by the dots.

But we mentioned oil, too.

Ukraine struck one of Russia's largest refineries.

...