Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.

Good Monday morning, welcome to Squawk on the Street. I'm Carl Kintanio with Jim Kramer, David Faber at the New York Stock Exchange.

Get set for all-time S&P highs at the open, as the President and China both say there's progress toward a phase one signing. We've got a likely three-month extension on Brexit, a weekend of M&A news, and the busiest week of earnings. Europe's mostly green, tenure yield, six-week high. We'll get GDP and jobs numbers this week. Our roadmap begins with all-time high alert, kicking off the busiest week of earnings with the S&P on track for a new record. The Dow and NASDAQ not far behind.

Plus shares of Tiffany are surging this morning ahead of the bell. French luxury group LVMH confirms interest in acquiring the company for $120 a share. And the next investing frontier, Virgin

Galactic, set to make its public debut here at the New York Stock Exchange this morning. Sir

Richard Branson will join us first on CNBC. So, markets are chasing some history this morning.

The S&P's on track to open at an all-time intraday high. On Friday closed within six points of that record level after being fractions away from setting

a new milestone gym. A lot of the bears arguing what's gotten here from July has been

health care and utilities and REITs. Well, I think that I was going over a couple of companies

this week that reported this

weekend. Illinois Toolworks have reported Dow, right? The railroads reported. We got Honeywell,

we got United Technologies. Every single one of these were much better than expected. And they

were much better expected from either self-help or because

the world's not as bad as we think. So you've got companies that had been formally cyclical

that have much more of a secular component, including Jim Fiddling, who was saying,

listen, we're getting a bottom of some key chemicals. So the leadership is subtly shifted to

big tech because of intel and to the industrials, because it turns out that the industrials are not as, let's say, not as perturbed about China as you would have thought.

It's rather remarkable. I think that there's some meoculpus that we need to hear from the people

who said that cyclical America would be damaged. That said, if you're the Fed, the dollar is the

single worst thing that in every single quarter, it's the dollar, dollar, dollar. But, boy,

I really like the industrials that reported last week. They were very solid, really solid.

S&P's still tracking down 3-8 year-on-year. Right. Most sectors showing less than 1% EPS growth.

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