It's Jim Kramer here. You're listening to the opening bell of CBC squawk on the street.

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I think we should always consider that there's some chance of a bad outcome to try to protect against the bad outcome.

We don't want to be complacent and say that everything's just going to be fine. There's no chance of a bad outcome to try to protect against the bad outcome. We don't want to be complacent and say that everything's just going to be fine. There's no chance of a bad outcome. Elon Musk yesterday talking AI during his interview with our David Faber. We'll get a lot more on that in just a moment. Good Wednesday morning. Welcome to Squawk on the street. I'm Carl Kinteneer with Jim Kramer and David Faber at post-9 of the New York Stock Exchange. Futures under some pressure as bond yields rise again, 30 years back above five. Watching this House budget try to work its way to a full vote on the floor. We'll see. A roadmap begins with lawmakers on the hill, meeting in the very early hours of the morning, still debating this hour as Republicans try to get that tax plan forward slew of big retail names were out with

earnings this morning that includes target lows and tjax what their results are

saying about the health of the consumer and Elon Musk made plenty of headlines

yesterday was a two-part interview, Robotaxies, and then

humanoid robots, the future of AI, part of our later conversation. Also, of course, the damage

done to Tesla's brand. Let's begin with the markets, and a day after the S&P did snap

that six-day win streak. Some of the market kind of pivoted around the timing of David's interview.

Yeah, look, I think, first of all, congratulations, David, because this man is a man who is very

defining for what we're doing, both politically and for what you were talking about in terms of

autonomous. But I do want to point out that until this bill's done, Carl, the bonds are going to go.

Kind of going the wrong way.

Now, I know this sounds strange because it's what the new world is, but you have to go to the chats to find out what's going on.

And if you read the GROC, which is by far the most thorough, and that's why I bring it up because of you, it's, you know, we're nowhere. Now they're going to do something, but Grock says basically this is a great thing for the rich. Is that what it says? But I has all, every detail. I mean, the other guys are like, hey, listen, I'll try to catch up, and I'm trying to get to it.

You know how personal they are about how bad they are?

Yeah.

But I bring it in as a segue to you, because I just think that in the end, this is how you fucked out things.

And we are in a situation, Carl, where this bill, it better have huge growth because, man, it's going to cost us a fortune.

Three, three point six trillion over the course of...

Over ten years.

...