Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kenton-A. with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.

First real day where we get some patchiness in corporate earnings as American, IBM, Chipotle, Disappoint, Dow cuts the dividend in half.

That said, jobless claims down six weeks in a row. That's the

longest streak in three years. Ten year yields at about a one week high. Our roadmap begins with two

of the mag seven names out with earnings, Tesla and alphabet going in opposite directions. We'll break down

the numbers. Plus, United Health shares are also under pressure. The company reveals it's facing

a Justice Department investigation over its Medicare billing practices. We're also going to speak to U.S. Commerce Secretary Howard

Lutnik after, of course, a close of an agreement with Japan this week, EU deal in focus,

and we're also getting some important news involving our nation's railroads. We're going to get to

that in a moment, Carl.

First up, though, two major tech names to watch today.

Tesla shares are down after missing on both the top and the bottom lines,

a 16% decline in auto revenue.

On the flip side, Alphabet shares rallying on their earnings beat,

company raising the KAPX forecast to $85 billion.

This is Sundarpecheye on the call last night.

CapEx stuff, obviously, we are, you know, seeing strong momentum across our portfolio,

and especially in cloud, you are right.

It's a tight supply environment.

And, you know, we are investing more to expand.

But there is obviously a time delay between, you know, this additional investment will play out in future years.

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