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 Tuesday morning. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer.

We're at Post 9 of the New York Stock Exchange. Carl's got an assignment today. He'll be back tomorrow.

Let's give you a look at futures before we get started with trading 30 minutes from now.

We're set up for...

Yeah.

Yeah.

Well, we're open.

Hey, let's not be too negative since everybody else's.

Okay. Let's get to our roadmap, though. It does start with, well, in part, the spiking yields,

because that's what may have stocks down. That 10 year, it touched its highest level since August to 2007.

Yeah, give me a whistle. Plus, Microsoft CEO, Sottianadella, he's taking the stand in the federal antitrust case against Google.

He'll be testifying or has on the difficulty to break into search.

And speaking of trials, it's day one of the criminal trial for Sam Bankman-Fried,

right there in that building. I'm going to begin later this hour. We will be live on the scene.

But let's start with, well, the rising yields. You know, it's funny, Jim, we had a funny moment

last week where you got up and said, all we'll do is talk about the tenure.

You walked over there. We'll talk about the tenure. And I think it's kind of true. I know. And it didn't start that way. I'm watching Frank, Frank Holland this morning, and the tenure's kind of holding in. It's up, it'll be a nice day, it dowels up, and then slowly step by step, inch by inch, the 10-year falls.

And then the next thing you know is, a nice day, it dials up, and then slowly step by step, inch by inch, the 10-year falls.

And then the next thing you know is that the futures are down.

And then the analysts are now the tune that they're singing is negative for pretty much everything.

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