It's Jim Kramer here. You're listening to the opening bell of CBC Squawk on the Street.

Don't miss a minute of the action.

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintan here with Jim Kramer,

David Fabry at Post 9 of the New York Stock Exchange.

Stocks do look for some stability after Wednesday's long, absent 2% decline.

Q2 GDP, solid thanks to inventories, but these disappointing earnings at Ford,

American, Whirlpool, Nestle, and others briefly take the 10-year below 4-2. Our roadmap begins

with after the sell-off. Futures turn green. Investors weigh GDP after stock saw the biggest

one-day drop since 22 with Mega Cap Tech hit very hard.

Mag 7 now in correction.

Plus, we have an auto's alert, so to speak.

Ford shares are pointing to what could be the worst day those have seen in more than a decade this after what was a massive miss on earnings.

And this hour we are joined by the CEOs of Service now and Southwest.

A lot of changes there at Southwest, of course, both reported quarterly results. Let's get to the markets a day after the S&P and NASDAQ saw their worst day since 2022.

Jim, sounds like you still think we might be overbought here.

Yeah, we are.

And look, the small cap trade with the mega cap trade is, I think,

still going to be on. Look, they're going to try to make a stand here. And I think you have to

watch Nvidia. Why? Because that's been behind everything, meaning that every company seems to be

paying too much for Nvidia. That's the new narrative. And if they're paying too much for

Nvidia, that means that you don't get the bang for the

buck for AI. We do have Bill McDermott, who is very positive on AI, David. But I would say

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