Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintanio with Sarah Eisen, Mike Santoli, here at post-9 of the New York Stock Exchange.

Kramer and Faber have the morning off.

Futures holding in there despite this slightly warmer than expected PPI number.

And the prospect of retaliatory tariffs from the White House today yields a little bit lower across the curve.

A lot of February quarter earnings movers, including Cisco, up six.

Our roadmap, though, is going to begin with deleted.

Elon Musk calling for the US to, quote, delete

entire federal agencies, comparing them to weeds.

Plus earnings watch, as Carl mentioned, Cisco riding the AI wave.

Deere seeing a farm slump and momentum names like Reddit,

App Levin, Robin Hood, seeing big moves here pre-market.

Hood CEO Vlad Tenev joins us later this hour. And Apple's AI play, Joe Si, confirming that

Alibaba will power AI on iPhones in China. Let's get right to this morning's PPI number.

Four-tenths was a little bit hotter than the three-tenths we were looking for.

Mike, some of these year-on-years will take you back to early 23. But the second look at CPI yesterday was really about maybe its idiosyncratic moves and cable and satellite prices. And certainly, food was the main word there. Yeah, people were over the course of the day looking for loopholes or looking for ways that it might not be the start of a new trend of acceleration and inflation.

And then today's PPI, a couple things.

I mean, yes, on the core level, it was more or less on target.

And then the immediate game becomes, how does this translate into the Fed's PCE inflation reading, which is to come,

and which has a lot of relevance from some of the components of PPI.

And that reading was pretty benign.

So those were some softer areas of PPI.

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