Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kinteneer with Jim Kramer, David Fabry at post-9 of the New York Stock Exchange. Stocks do try to reclaim their momentum after breaking that eight-day win streak. Retail is a big story today. Target, Macy's, T.J.X, Fed minutes, and some benchmark revisions to payrolls at 10 a.m.

Our roadmap begins with targets quarterly beat and the Target, Macy's, TJX, Fed Minutes, and some benchmark revisions to payrolls at 10 a.m.

Our roadmap begins with targets quarterly beat and the profit outlook, sending the stock up double digits today.

Plus, we've got the broader market looking to regain momentum this after snapping an eight-day wind streak and interest rate policy.

Also on Wall Street's radar, as it always is.

Minutes from last month's Fed meeting are due out this afternoon.

That's ahead of Chair Powell's Jackson Hole speech.

That'll be this Friday.

Let's begin with Target, though, surging on this top and bottom line beat,

raising guidance for the full year.

Comps up for the first time since the holiday quarter of 22.

This is what Cornell had to say about the results earlier on Squawk.

We said Q2 at the time we'd get back to growth and that would be driven by traffic.

Traffic up 3% was a really important marker for us.

But overall comps plus 2%, stores were positive.

We saw acceleration in digital digital growth led by

drive up and our target circle 360 delivery to home those were up over 14% and from a overall

performance standpoint for up income rate to get back to 6%. People have been waiting for that for a while.

6.4% actually.

And to see EPS up over 40%. You know, I feel really good about the progress we're making in the quarter.

Traffic up three, Jim, even with basket down a little bit.

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