Market Moving Insight and Analysis.

Join Jim Kramer, David Faber, and me, Carl Kainteneah, on the opening bell hour of CNBC Squawk on the Street. Good Thursday morning, welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer, David Faber, at post 9 of the New York Stock Exchange. A bit of an echo of yesterday. Only this time it's PPI that comes in light, down half a point.

Year on year up to seven, jobless claims also a little higher than expected.

A roadmap begins with the continued signs of cooling inflation.

Wholesale price is notching their biggest drop in three years,

while Mary Daly says the Fed still has more work to do.

Plus Amazon CEO, warning of short-term headwinds for its AWS business, but says he remains confident that he can get company costs under control. And Apple continues that pivot out of China,

at least when it comes to manufacturing. It is boosting its manufacturing investments in India and

Thailand. Let's begin with the market reaction to this morning's PPI data.

As we mentioned, Jim, up to seven year on year.

We all remember that 11 handle not too long ago.

Right.

The trajectory is so positive.

The rhetoric is so bad.

It's almost as if, like, the Fed people are saying,

look, we're not seeing the numbers we want.

And then you say yourself, okay, so do you think that you can literally go from plus 11 to minus two?

Why don't you be a little realistic and take a look at the trajectory and say, you know, we got to wait.

The trajectory is going our way.

And, David, one of the things that I've seen, the dogmatic nature of the Fed is very opposite

of what I would have said they were when they were a little more data determined.

I think they feel like they got burned on being data determined.

...