Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street. Good Friday morning, everybody. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. We're live from Post 9 right here at the New York Stock Exchange. Carl has the morning off. Let's give you a quick look at futures. Of course, we get started with the final trading day of the week. 30 minutes from now, you can see that we are expecting a lower open, so to speak.

Equities will be down across the board when we begin trading, it would appear.

Big day for financial sector earnings this morning.

In fact, BlackRock CEO Larry Fink is going to join us,

that company amongst many of the mega cap financial services companies that have reported earnings this morning.

Looking forward to speaking to Mr. Fink a bit later this hour.

But let's get right to many of the bank earnings this morning, of course.

We're talking J.P. Morgan, City, Bank of America, Wells, and the aforementioned BlackRock,

which obviously is a money manager,

not a bank. Jim, it's almost hard to navigate, given just how many we get and the commentary from each. The calls are at different times. J.P. Morgan's call is ongoing, although I don't believe

Jamie Diamond has begun speaking yet.

At least he hadn't as of a few moments ago.

Black Rock's call also will get cities during the show, and then a couple of the others, I think, a bit later.

And, you know, we always do like to caution people.

The calls here are important.

Even the Q&A part of it, the script part of it from the

CEOs. Hard to get a read sometimes, Jim. Coming at you in such an avalanche of numbers, all the

stocks look down, but I'm not sure that that's the appropriate read or is it? No, that's the

proper read. I think that what's happened is that not only is it baffling because of the mass of information,

but the analysts got everyone wrong.

Every one of these.

They all thought that there'd be much more net interest income than it turns out to be,

...