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 Monday morning. Welcome to Squawk on the Street. I'm Carl Kintanao with Jim Kramer at the New York Stock Exchange.

David Faber has the morning off. Dow futures red once again to start the week down about 120 here as we watch protests in Hong Kong,

Goldman cutting its GDP forecast on China trade tensions and more. Europe is mostly

red, 10-year yielding 168 today. Our roadmap begins with futures falling. Hong Kong protests

intensify its airport canceling all remaining flights today. Goldman Sachs lowering its fourth quarter

U.S. growth forecasts and reports that We work could unveil its IPO filing as soon as

this week. But we're going to start today with the markets, Jim. Not a repeat of last week, but

it's going to be busy with a lot of data, CPI, retail sales, and more. Right. I think that retail

sales is now suddenly on the front burner. It's hard to believe that, given the fact that

unemployment rates are so low.

People keep waiting for the inflation story in retail. I've dealt with a number of retailers.

Just to check in. And almost every retailer says, listen, very small, very small margin hit to the September 1 tariffs.

But as soon as you hear very small, you say, well, it doesn't matter. It's going to be big, big, big. Really good piece today by Matt Boss about dollar tree, really

not a lot of exposure to China and does well when the economy weakens. I want to watch that stock

to see if we don't get this situation where we start trading down in terms of stocks.

Look at Macy, 7.7% yield. That's been the paradigm of what people are avoiding.

So I think the macro does trickle down to the micro, is what I'm doing. I'm using those metaphorically.

I'm concerned. I'm really concerned about this Hong Kong situation, too.

You mentioned that as the most important story of the day because of the impact on the Chinese economy or the

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