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 Thursday morning, welcome to Squawk on the Street. I'm Carl Kintanio with Jim Kramer at the New York Stock Exchange.

David Faber has the morning off. There's a lot of chop today following the worst day of the year. Futures in rate seesong as we watched the 30 year below two overnight. China signaling

tariff delays are not enough to stop retaliation. Cisco, Walmart, you name it. Europe is red,

but good U.S. data. Retail sales, Philly Fed, productivity, all beat expectations.

We have already seen a wild ride this morning. Hours

ago, Dow futures fell sharply erasing some triple-digit gains as China vowed to retaliate

against U.S. tariffs that are set to go into effect September 1. But we're now on track for a

higher open after Movcom there says it hopes the U.S. will meet China halfway on trade, although our

Kala Towshi, Jim, reporting that Lightheuser then said that's not possible, given your past

behavior. So there's just an awful lot to absorb today. That's very interesting that the

future disrupt exactly the amount they are right now at 459. At 501 with Brian Sullivan in Hong Kong, they issued a very

strident set of words toward us at the same time announced some stimulus for Hong Kong.

All I can tell you is, is that where is the buy of agriculture?

Where is what the president said on Twitter would happen?

And without that, I think that this,

the, what else is going to view their olive branch of moving back to December as an ill-advised move because the Chinese aren't playing ball. We are going to have Chuck Robbins later on this

hour. And it were, the Chinese derailed their outlook.

I mean, Plain asked them not to bid on business.

Things are getting very, very tense.

So if we let that dominate the headlines and we forget to look at what Walmart said today,

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