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 Canton-Aid with Jim Kramer, David Faber at Post 9 of the New York Stock Exchange.

Pretty steady pre-market as we come off the 54th record high of the year for the S&P.

10-year below 4-2 as the market's a little more confident of a December cut.

Powell speaks tomorrow.

Our roadmap begins with the quote, absolute corruption. Those comments from Tesla's Elon Musk vowing an appeal after a Delaware judge again blocked that 2018 $56 billion pay package.

Plus shares of U.S. Steel are moving lower ahead of the open. The president elects saying he is

totally against the Nippon Steel acquisition and that his administration will block it.

We're keeping an eye on shares of AT&T. Right now, they seem to be rallying. This, as the company

says it anticipates more than $18 billion in free cash flow in 2007. Now, the cell phone and fiber company laying out a three-year plan. We're going to speak to AT&T's CEO. I will speak to him. Johns, thank you a little later in the morning. Yeah, hey, good, cool, man. Thank you. Let's begin, though, with Elon Musk's multi-billion dollar pay package, as we said, again, rejected by a Delaware judge for a second time.

Actually, a lot of Tesla news, Jim, between the China sales, some of these reports on SpaceX

valuations.

I mean, again, we need to do that Tesla streaming show for a couple hours because it really

is that great.

Now, I will tell you, I would literally, if we had that show, read this incredible ruling, because it is

one of the funniest, most anti, in a very veiled way, David, Elon Musk document.

By basically just saying the whole thing is just a sham.

It was a sham before.

It was a sham after.

And the only thing that she really spends a lot of times the chancellor talks about is the fees. The fees is kind of like a mock ruling. The fees

are okay. But, you know, the main thing on page 34, the stockholder vote alone cannot ratify

a conflicted controller transaction. It's basically saying that he did the same thing again.

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