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 Kintanio with Jim Kramer, David Faber at Post 9 of the New York Stock Exchange. Pre-market is stabilizing after Tuesday's sell-off. A lot of moving pieces today. Mega Cap Tech. Ukraine, First Republic, potential

House vote on the debt limit. Brent back below 80. A roadmap begins with big tech, though.

NASDAQ futures rallying after those better than expected results from Alphabet and Microsoft,

but in this major blow to Microsoft, the UK, blocking the acquisition of Activision Blizzard.

David is working the phones.

We'll get his reporting coming up.

And we'll also talk a bit about First Republic.

That stock continues its dramatic slide, of course, as that regional bank looks for what is an increasingly unlikely rescue deal.

It shows a Boeing rally.

It is planning to boost its max production despite an

ongoing manufacturing snack. CEO Dave Calhoun is going to be with us in just a few minutes.

Let's begin with the UK regulators blocking the Microsoft Activision deal, the country's

CMA, say in such a combination would substantially reduce competition in this new cloud gaming market.

Both companies say they'll appeal that decision.

Activision stating, quote, the UK is clearly closed for business, David.

And then Brad Smith with a strongly worded statement of his own.

Yeah, they can say what they want at Microsoft and Activision.

Activision is being good here in terms of making sure it's going to secure its $3 billion

breakup fee.

And so it is being a very true partner here by saying a lot of things as well and going along

with this idea of appealing the CMA decision.

When the CMA originally came out a couple of months back, remember, it was what, early February,

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