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 Monday morning. Welcome to Squawk on the Street. I'm Carl Kintanah with Jim Kramer, David Faber, post-9 of the New York Stock Exchange. Coming off an all-time high weekly close for the S&P. Futures are mostly red here as we set the table for Q3 earnings beginning this week.

Tuesdays tens re-invert as the market rethinking fed cuts after that job's number.

Our roadmap begins with stocks. Goldman upping its target for the third time this year,

and Treasury yields do top 4% for the first time since August.

Plus oil prices are rising again as Middle East tensions continue to weigh heavily

on that market. And Pfizer shares, they're rallying ahead of the open activist starboard value,

taking a roughly billion dollar stake in the drug maker. We'll have more on that. Let's begin with

the markets, though, as we watch yields here, Jim, a couple calls over the weekend for maybe no more Fed cuts this year. Yeah, I mean, I was reading Ed Yardinney. I always love him, and he's talking about looking. It may not need it, but what is very interesting is, it may not need it because we don't have a crisis. And Ed has been true north the whole way. Carl, I've got to tell you, oil with the major move up,

and we had some good stuff this morning on Squawk Box talking about, you know, if it gets wider.

And also on Frank's show.

There was just a lot of good commentary.

Good company. I mean, thoughtful.

And so I understand that people could be worried about interest rates.

But, you know, David, when you have a rate cut cycle, it doesn't stop after one.

It just never does.

Right.

Just extended.

And the more extended this is, probably the better for the market.

You mean the longer period of time it goes on as opposed to it happening in a fairly shorter time frame? Yeah. Why is that? Well, because it means, one, there's no crisis. And two, anytime you have the, you're not fighting the Fed, it's a halcy in time. So the number of downgrades today I found actually somewhat of an urges. I saw so many. And, you know, I don't think you can get in, get out and in of Apple, get out in in Amazon.

I mean, the market doesn't much. You cite both of those for a reason because there were two downgrades of both one of each of those names.

I think it was Jeffreys and then Wells Fargo on Apple.

Jeffries on, I think it was on Amazon or maybe I have them reversed.

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