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-Aye with Jim Kramer, David Faber, post-night of the New York Stock Exchange. Futures do look to unwind to Monday's late-day bounce. These cautionary comments from Jamie Diamond, Neil Kashkari, even Moody's fueling the bearish sentiment. 10-year did hit four, five, six overnight, but has backed off. Our roadmap begins with the September slump for stocks.

S&P NASDAQ now on track for the worst month since December. Plus economic risks. Moody's warning

that a government shutdown would be negative for its U.S. rating. No surprise there. And history in the making, President Biden would

be set or would become the first sitting president to visit a picket line. He's planning to join

strikers as those workers of the big three hit 12 days of walking out on their jobs.

Let's begin with the market's on track for a lower open on this Tuesday.

Jim, you've been watching yields, of course, and you commented this morning about the 20-year,

in particular.

Yeah, I just think that we've been going toward, I've been saying this to club members,

let's just say the opposite of an inverted yield curve, a de-inverted, I'm calling it, but that's kind of pro-lux way to say it.

But you've got a 4.8, you've got a 5.3.

And what I think you can happen is that on the 20 year, you can easily get to 6, and with, let's say, Neil Koshar is right, Fed member, yet one hike.

Then you have no more inverted yield curve.

Now, the problem is that, geez, I think people have to understand when I go over stocks,

locking in a 4.8 is considered to be really pretty terrific.

It's not bad.

No, it's not bad.

Or 4.5.

Versus 2006. 4.5 for 10 years is not terrible either. No, and you're going back, you know, people are looking at it and go back 16, 17 years. You say, wow, this is a great rate. So I think that that's really what we're up against with stocks. And I can talk about what Mike Ware said yesterday, CEO of Chevron and where oil is going, talk about

what Jamie Diamond's saying and, you know, get ready for six.

But what I'm saying is that they haven't been able to sell the economy enough.

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