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 Thursday morning. Welcome to Squawk on the Street. I'm Carl Canton-Aye with Sarah Eisen, David Faber, Post 9 of the New York Stock Exchange. Kramer has the morning off. Futures are higher, 10-year back to 4-2. Some of the data comes in light today, including the biggest retail sales decline in about a year.

Add to that some lowered guidance from Cisco, dear, Wendy. Some of the data comes in light today, including the biggest retail sales decline in about a year.

Add to that some lowered guidance from Cisco, Deere, Wendy's, and others.

Our roadmap begins with stocks in the economy.

Investors closely watching the data today, including retail sales, claims, manufacturing, IP.

Plus, Cisco's shares moving lower.

The company cutting more than 4,000 jobs and lowering its revenue outlook.

And Warren Buffett's Berkshire Hathaway has trimmed that massive position in Apple.

Let's begin with the markets, though, in this morning's batch of eco-data.

We mentioned retail sales coming in a bit light.

Philly Fed was a little bit better, but then Empire was amiss.

And a lot of desk notes today, Sarah, basically saying maybe Tuesday was a hiccup as we got the

two-year, basically back to where it was prior to CPI.

The best news of the economy this morning was jobless claims, which continued to surprise lower.

Only 212,000 jobless claims filed last week. That was less than expected. It was at the least

we've seen in about four weeks. Continuing claims, those that are continuing to get paid out on

jobless claims, that number a little bit elevated. But retail sales is the big miss that we should

talk about. Negative 0.8% on the month. That was worse than expected.

I mean, the economists were looking for a decline of 0.3%.

Some other important numbers here, so X-Gas, or excuse me, X autos,

and we knew autos were going to be weak because this number is not inflation-adjusted either.

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