Market moving insight and analysis.

Join Jim Kramer, David Faber and me, Carl Kintanilla,

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

Good morning and welcome to Squawk on the Street.

I'm David Faber with Jim Kramer.

We're live from the New York Stock Exchange.

Carl Kintania has the morning off this morning.

We begin with the markets, of course, this morning. Futures, well, they lost ground. As you've watched, over the last hour, if you've just been watching Squawk Box, global yields all over the place. Mostly down, although the 10-year had been as low as what, I think, 1626. In 2006, President Trump, by the way, also tweeting moments ago.

Here's that quote,

because it is central to sort of the debate going on right now. Our problem is not China. We're stronger than ever.

Money's pouring into the U.S. while China is losing companies by the thousands to other countries

and their currencies under siege. Our problem is a Federal Reserve that is too proud to admit their

mistake of acting too fast and tightening too much, and that I was right. They must cut rates

bigger and faster and stop their ridiculous quantitative tightening now, which gets us to

the markets this morning, Jim. You know, we've been talking about negative rates. They've only

continued to worsen.

It's a strange phenomenon to be sure, but it is also a worrisome cycle, people believe,

because you have negative rates that auger for weaker economic growth or a lack of growth.

You have what are, I mean, it becomes self-reinforcing. You have a global

coordinated monetary easing going on right now. And you have the first time people talking about

the possibility of rates here falling dramatically from where they are right now. Have you ever seen a

tenure that was whipsawed as much in yield in a half-hour period as we did this morning? It's almost as if someone wants to get ahead, a trader, of even lower yields, buys bonds. There's a big, short position of bonds. There also are just natural currency flows. Why would you ever be in these negative-ealed environments? I think they're beginning to realize that negative-veiled environments aren't going away.

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