Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street. Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kainteneer with Jim Kramer, David Faber, post nine of the New York Stock Exchange. Futures are red, as today's tariff announcement in the Rose Garden is on deck 4 p.m. Eastern Time. We'll see if some elements

are floated in advance. The flight to bonds definitely continues 10-year today, 412.

Our roadmap begins with the President's tariff announcement coming down to the wire.

What's at stake for the markets and businesses around the globe?

Also ahead, data shows that sales of Tesla's China-made EVVs fell in March by double digits.

That's from a year ago.

Of course, we're also awaiting the release of the company's quarterly delivery numbers.

And Boeing CEO, Kelly Orkberg, is set to testifying Capitol Hill.

This is about improving safety standards at that company.

He's going to appear before the Senate or a Senate committee.

That'll be in the next hour. Let's begin with the markets as investors look ahead to the

tariff announcement this afternoon. Jim, we do have at least an official schedule where

Caroline Levitt will preview, I guess, maybe something. There'll be some discussions with

industry leaders after the Rose Garden.

I mean, it looks like it's a many multiple-hour extravaganza. I look at this and I say it's still

probably in progress. I don't think anything's really been decided yet because there is an

element of surprise because it is the president.

David, I hear people say that it's really morphed into,

we're going to raise a lot of money and you're going to get a tax cut.

And that's the new dynamic because that's a much more pro-constructive dynamic.

Well, that would also lend itself.

And again, we're all guessing at this point. It's really hard not to. But isn't that what we're doing? We're noodling. We're noodling. We're noodling. Well, guessing sounds like that we're like out there and say, listen, Hey, Chief, what are you thinking? We don't know. Could be reciprocal. Could not be. Could be 15% across the board. Right. Could not be. Could be 20%. Could be, I mean, I don't know. Isn't that guessing?

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