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 Kingtonia with Jim Kramer,

David Faber, post nine of the New York Stock Exchange. S&P is going to flirt once again in the neighborhood of all-time highs as shares of tech and financial giants stay pretty solid. Yields remain subdued. Ten-year 4-4-2, that job's number of course is on deck tomorrow. Our roadmap begins with the chips. Shares of Qualcomm and Arm under a little pressure despite respective quarterly beats. Do not miss arms chief, Renee Haas.

He's going to join us in the next hour.

As for all autos, Tesla vehicle sales tumble in Europe,

while Ford issues full year guidance.

That is weighing on its stock as well.

Also ahead, Honeywell announces it's going to split into three publicly traded companies.

We're going to speak

with the company CEO, Vimalka Pippor. That'll be later in this hour. Let's start with the chips.

We mentioned Arm and Qualcomm, SkyWork Solutions as well, under pressure in the pre-market gym,

down some 30%. Yeah, and Liam Griffin, it's such a great job. It's been there for ages. He will be out. I don't know. You can't necessarily relate it to it, too, but Skyworks has a huge percentage of Apple's business. Remember, Apple's like Fight Club. You can't mention Apple in the Compschool. You say a large client, but it looks like that Broadcom is going to be splitting, maybe not as much as Skyworks,

but that's just devastating of Skyworks.

Very, very good for Broadcom, and this is just a hockton just coming, every cylinder.

But David, you know, when you have one client, it is just a very rough thing.

Yeah, I mean, you're always at risk.

Obviously, we've seen SkyWorks years always move in sympathy with Apple one way or another in terms of demand, haven't we, Jim?

Absolutely.

Have they not been able to diversify their clients significantly over these years?

No.

It's not as though this is new that Apple wasn't their largest customer.

...