Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.

Good Wednesday morning, welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer at Post 9 of the New York Stock Exchange.

David Faber's on assignment. As you see, all-time highs here, but futures are a bit cautious ahead of the big event tonight, and that is Nvidia earnings. Meantime, retail earnings are a bit mixed. Target largely fails to impress oil, now down 2% for the week. Roadmap's going to begin with Target's big miss. Consumers buying fewer groceries and home goods.

Shares are down sharply pre-market. InVIDIA shares are coming off a record close and on track for some gains of the open.

Expectations are high, though, for the chipmaker's results after the bell. And watch Apple, the midst of a seven-day win streak with the gain of nearly 13% so far this month.

Let's begin, though, with Target down sharply on this quarterly earnings miss and a sales

decline.

The retailer did say customers cut their spending on discretionary and grocery.

Company did reaffirm full-year guidance.

Jim, they guided comps down three to five and came down, came in three seven. Yeah, I mean

when you talk to Brian, he'll

be insistent that this

wasn't anything that you should find

unexpected. The thing

that I'm struggling with

is he talks about the

consumer.

In temper terms.

Walmart didn't.

Walmart told about a consumer that's in good shape and price rollbacks.

We didn't get priced rollbacks from Target until this week.

So I'm beginning to wonder whether Target is out of position versus Walmart,

...