Market moving insight and analysis.

Join Jim Kramer, David Faber and me, Carl Cantonea 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 Sarah Eisen and Mike Santoli.

We're live from the New York Stock Exchange. Jim and Carl have the morning off.

Let's give you a look at futures. We start

trading, of course, a half hour from now here at the New York Stock Exchange. You can see we are

set up for what appears to be a lower open for the major averages. Our roadmap this morning

does start with, well, fueling fears of nearing recession. Yeah, stocks, as you saw it, are said

to open a bit lower. This this after key yield curve inversions.

Plus Tiffany's mixed quarter, the luxury retailer with an earnings beat, but revenues did fall short, shares sinking ahead of the opening bell.

And Peloton is getting set for its public debut, the high-end fitness company revealing growing sales but widening losses ahead

of its initial public offering. As we've already said twice now, stocks are set to open lower

on worries about global growth and, of course, the risk of recession. Investors paying

close attention to that yield curve and its inversions of the two and ten in particular, as

well as trade tensions between the U.S. and China. About an hour ago or so,

we got a presidential tweet, quote, so interesting to read and see all of the free and interesting

advice I'm getting on China from people who have tried to handle it before and failed miserably.

In fact, they got taken to the cleaners. We're doing very well with China. This has never happened to them before.

This, I assume, being a reference, of course, to the large tariffs that are in place that are set to go up, September 1 and then December 15 and the overall war.

But there's been some press recently that sort of echoed some things that I was

hearing and shared on Monday, which is the idea that the Chinese have pulled back to some extent

from trying to really see if they can engineer some sort of deal at this point. It's always difficult

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