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 Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kington, Neway, Jim Kramer, David Faber, Post 9 of the New York Stock Exchange. Got some risk off today as yields are higher all around the world. Germany, Japan, U.S. 10-year, 456. It's got some M&A as a story today and some decent guides higher in specialty retail.

We'll get to that. And U.S. 10-year 456. Got some M&A as a story today and some decent guides higher in specialty retail.

We'll get to that.

Our roadmap begins with Nvidia, Apple, and tech's record rally.

The chipmaker looking to rally again at the open, closing the market cap gap with Apple.

Plus in deal news, Conoco Phillips buying Marathon Oil.

It's a more than 17 billion all stock transaction it bolsters

the conoco's share of shale assets we also have retail in focus abercrombie posting its strongest first

quarter ever sales down 22 percent we've also got dicks and kava both raising guidance let's begin with

the markets uh one day after the nazdak did close above 17K for the first time, Jim,

took more than 900 days to get past that thousand point threshold.

And it wasn't done right.

It's done with one giant stock and a couple of other, I'd say, acolytes.

And then after that, everything is kind of in the balance and not great.

Look, I thought yesterday was a really bad day because it continued, other than Fridays,

what is this period where we're seeing some serious rollovers. And they're getting to,

particularly to enterprise software, to cybersecurity.

I keep wondering, David, you talked about enterprise software after workday reported in not grade quarter, that yesterday you mentioned the possibility of what could be a dogfight with Alphabet HubSpot versus Salesforce.

And I have Salesforce on tonight.

Yeah.

And all I'm saying is is that

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