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 Carl Kintanao with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.

Coming off record highs for Dow S&P, now the best election year since the 1930s.

Futures are a bit subdued, even as financials beat across

the board. Oil falls below 70 amid reports Israel will not target Iranian production. Our roadmap,

though, begins with the banks. B of A, Goldman City, PNC Schwab. All crossing the tape will break down

the results. Plus, it's the race for number one. InVIDIA hits a closing record.

It is now within striking distance.

Market cap-wise are the world's most valuable company.

Of course, that's Apple.

Boeing shares are bouncing.

The company is seeking to raise billions in equity and debt.

Of course, it's an effort to stabilize its finances as it deals with that strike.

Let's get right to the banks. B of A, City, Goldman, as we mentioned, the biggest names reporting today.

And by the way, do not miss our interview with B of A's chief Brian Moynihan. That's coming up in the next hour.

Pretty good across the board. Some of these next chargeoffs, Jim, rather mild.

It's funny. You can talk to these guys from Bank of America.

It's just a consistent good quarter, and yet the stock sells at 13 times earnings.

And I think this is the beginning of when we start saying either the S&P shouldn't be a 21 times earnings

or the bank shouldn't be at 13 times earnings.

These are really extraordinary numbers.

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