Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Cantonia, 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 Mike Santoli and David Faber, post nine of the New York Stock Exchange. Kramer has the morning off.

Future is a bit soft after a decent start to the week on Monday. Today, mostly on this disappointing

retail sales print. It's the worst ex-autos since May. Ten year goes to 415. That's about a one-month low ahead of the job's number tomorrow.

Our roadmap begins with this tech rebound as the

S&P scores back-to-back gains and the Dow hits new highs. Plus Alphabet's massive debt raised

fueling expectations for a record year in corporate bond sales. We're keeping an eye on shows

of Coca-Cola. They're under a bit of pressure this after the company missed revenue estimates. It did

forecast modest growth. And Bank of America

kicking off its Financial Services Conference in Miami. We're going to have an exclusive with CEO

Brian Moynihan. That's just a few moments from now. Let's begin with the market. It's obviously

going to be a busy one with a lot of eco-data, retail sales today, jobs tomorrow, CPI Friday.

But this is kind of an across-the-board miss on retail sales. It is, yeah. Miss on retail sales, you can look at the control group, which tries to get to the core trend, and it was also a bit of a shortfall. This is December numbers. It's definitely going to mute the fourth-quarter GDP estimate, so maybe we didn't come of the year with quite as much of a head of steam as we thought. Bonds have definitely responded. And also, treasuries have been, you know, pretty sensitive to any of these downbeat economic hints, such as the talking down to the labor market data and things like that. So we're now pricing it a little more fed. We may, you know, get to pricing in three cuts. We'll see how that settles out once we get a lot more data. We get the non-farm payrolls and all the rest of it. And so far it's happening in a way where labor seems to be still the soft point within the economy. I think the markets are okay with that general notion because that's what the Fed's going to take its cue from.

And if corporate spending carries the rest of the economy and earnings are still holding up, we can live with that. I do think it's potentially a challenge for how people are positioned coming into this year, though, because it was such a popular trade to say bicyclicals, and we're going to be off to the races and we're going to run it hot. And anything that kind of clashes with that is going to challenge, I think, the sort of the way the market is postured going into this next period.

Guys, I did want to step in here just to update new news involving the battle for Warner Brothers

Discovery from Paramount. They have not raised the

overall consideration of $30 all cash that they're paying, but they have answered at least some of the

concerns that have been expressed by Warner Brothers Board in terms of, let's call it, enhancing

and or tightening up the contract as it currently exists.

And so we've just learned from Paramount that they, for example, in the $2.8 billion breakup fee

where there had been concerned about whether it really would be paid or not

or come out of the $5.8 billion reverse termination fee, they say we're going to make it a separate payment.

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