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-Aid with Jim Kramer

at Post 9 of the New York Stock Exchange. David Faber has the morning off. Pretty soggy

pre-market. Dow is coming off the worst day since July. Target, TJX, moving the retail earnings ball along and the 10 years still

elevated at 422 Cisco tonight. A robot begins with Target up sharply as in earnings beat

offsets this sales miss and the lowered guidance. Regional banks looking to rebound a day after

Minneapolis Fed President Kashkari's comments on capital requirements

and concerns about the China slowdown weighing on that country's stocks, including JD.com,

which did have some pretty strong results. Let's begin, though, with Target. Mixed results,

lowered guidance gym, negative comps, inventory, down 17. But there's something for everybody in this.

Yeah, there is. When you speak to Brian Cornell, it's one thing. He's obviously disappointed in same store sales because we were looking for a minus 3.7. He came in minus 5.4. He does not like to miss that number. I will tell you this. When you see inventories down, that means there's no promotion coming up. So that means things will be okay. The forecast wasn't exactly what I want him. But one of the things that Brian did is he's just getting these incredible gross margins. He knows what he knows what people want. They just don't want the big stuff. And he's, remember, he's built this gigantic $30 billion private label business, which I just love.

And we always go back and forth because I shopped there with my daughter.

And I always, you know, comment on them and what it's like.

And one thing, they've got the best clothing, but that's not where you're going to crush it with same store.

So, and food was okay.

Alta was very good.

CVS was very good.

The Starbucks and Starbucks pickup on the curbside while you get your goods, very good.

Overall, I think this stock was down so much that it looked up to people.

You know what's getting a lot of the buzz this morning off the call is these metrics on theft-related, violent-related theft.

Right.

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