It's Jim Kramer here. You're listening to the opening bell of CBC's Squawk on the Street. Don't miss a minute of the action. Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Cantony with Jim Kramer, David Faber, post-9 of the New York Stock Exchange. Stocks do look to extend some losses after the worst day for the Dow in a couple of weeks. Retail sales, best prints since September, has the 10-year around 412.

That's about a one-month high. Our roadmap begins with Jamie Diamond's economic warning,

saying he is cautious for 2024. Plus, chairs of Boeing, they continue to drop. They're down

more than 20 percent. That's just since the beginning of the year. CEO Dave Calhoun

heads to Spirit Aerosystems

plant today. He's going to try and address quality control issues with that company. Plus one name

that's continuing to rally. Yeah, there it is AMD. It's hitting close to its highest level since

highest close since 2021.

Nissan, obviously, optimism related to its efforts in AI.

Let's begin with the markets.

Yields have been elevated today.

Central bankers around the world continue to push back on some market pricing,

Jim, but this retail sales print control group best in about a year is going to impact

Q4 GDP.

Yeah, it's funny because we had some month number, a New York number yesterday.

It was too weak.

And when I saw this number, I said, maybe this is what we need to appease those who think

we're about to go into a recession.

So we care tremendously about whether we're going to lose the soft landing, but we also,

David, as you know, care that the tenure not go too far above four. So you've got this kind

of push-me-pull you. I kind of like the retail sales because it was against the narrative that

we're going to happen in recession. Right. I like it.

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