Good Monday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Crowe-Kintania and David Faber. We are live as always from post-9 of the New York Stock Exchange. Oil prices are jumping this morning as tensions escalate yet again with Iran. and the fate of Pormuz remains uncertain,

but gains have been relatively in check. We'll explain why. Plus, the U.S. Comptroller of the

currency is with us. The largest bank regulator in the nation, actually bigger than the Fed,

supervises more than 1,000 institutions as big bank earnings get underway this week. And Apple

is suing Open AI in a federal court in California

saying Sam Altman's company stole trade secrets. We'll talk about the potential fallout for

the entire tech space. But guys, we've got a lot of events this week for Wall Street to look

forward to and to trade on. And let's start with earnings because really earnings kick off into full gear and that starts with the financials, the big banks. We always want to see what kind of tone they set, not just in numbers, but on the economy. It starts tomorrow with some of the biggies like Wells Fargo, Goldman City Bank, America, and J.P. Morgan gets into some of the airlines. Of course, after Delta gave a pretty strong read on demand, travel demand at the end of last week.

We'll get United on Wednesday.

Netflix, I know you're going to be watching closely because there's been some drama around that stock.

It's been under pressure and questions about engagement and what they might do on M&A.

And then we'll start to get the regionals on Friday and then into the following week, the third truest.

U.S. Bank Corps on Thursday. Economic into the following week, the third truest. U.S. Bank

Corps is on Thursday. Economic data key this week as well. So Biggie's going to be on Tuesday

with the CPI Consumer Price Index. And we are looking for a negative monthly headline number

because oil prices have come down. I think the key will be watching the core, right, X food and

energy and what actually inflation looks like, what services inflation looks like. Wednesday

will get the first Fed chairman, Kevin Warsh testimony, or actually starts on Tuesday and also

goes to Wednesday. Tuesday is the House. Wednesday's the Senate. We'll see if they can get

anything out of him. I don't know. I tried, you weeks ago, and it didn't. He is very mum when it comes to any kind of forward guidance, how he's thinking about the economy, how he's thinking about inflation, what he might do on rates, the reaction function. We'll see if he opens up a little bit more there for them. And then some key data like retail sales Thursday and housing starts and sentiment

on Friday. Look, big question for the Fed. And again, this might not be the biggest question

for Wall Street, which is interesting and maybe the Fed wants because AI is so prevalent. But the

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