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

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer. David Faber,

post-9 of the New York Stock Exchange. Coming off that decent finish to Monday's trade, now some more whispers about a soft CPI tomorrow.

Futures are solid, 10-year back below four, a dollar at a two-month low.

Our robot this morning begins with a turbulence around big tech amid this rebalance in the NASDAQ

100. We'll talk about some winners and losers there. Amazon kicking off Prime Day. What's at stake

for the company and what does the street say about the stock? And the Senate holding a hearing on

the PGA Live Gulf merger just a day after

former AT&T CEO Randall Stevenson resigned from the PGA tour board over that deal.

Let's begin though with Big Tech a day after the NASDAQ said it would rebalance the NDX

to address the benchmarks over concentration gym today.

Wells has some names that might benefit from some of this, Starbucks among them.

Yeah, you know, look, I looked at that, and I said, look, I actually like this,

because if you're going to take these thing down 55%, there are going to be some winners,

and Starbucks was a natural.

And that was up three yesterday.

A lot of people thought that was up three because there's some positive news about the possibility of still one more Chinese,

I don't know, infrastructure play. But I also know that, and I just, it was like everyone

was laying in wait for Amazon. They should not have now. Now we have Prime.

And then you go on Prime.

I'll tell you what's, David, you know what's really the matter with Prime? Tell me, what? You go to Prime and it's AI. I swear to God, they're like Huddled with Chances. Everything that I've been thinking about and talking about, there it is, for like half of what I thought. So, I mean, these notes about Amazon, which talks about how good things are going, including Amazon Web Service, I say, all right, the way to play this rebalancing is to go by Amazon. Did you look? Did I look at what? Prime Day. Oh, no. Some of the offers? No, I haven't looked. No. I don't need more stuff. You see, when I used to go to... I'm already at that point now where it's like... You have enough.

I got enough and like, you know, it's just too... It's enough. I want to cut back.

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