Market Moving Insight and Analysis. Join Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street. Good Monday morning. Welcome to Squawk on the street. I'm Carl Kintania with Jim Kramer, David Faber, post-9 of the New York Stock Exchange. Futures are a little soft to start the week as this China data disappoints. A lot of news headed our way, though. Later this week, 60 S&P companies report

earnings, retail sales. We'll get that NDX rebalance on Friday night. Our roadmap begins with

the busy week ahead for earnings as the markets come off the best week since March. Futures do

point to a bit of a rally pause. Plus, we'll have Forden focus this morning. It's slashing prices

on its F-150 lightning,

and AT&T's downgraded at City. It's now at pace for its ninth day in the red, and trading at lows.

It has not seen that stock since 2003. Let's begin, though, with the markets, including that busy week ahead on the earnings front, Jim.

We got 11% of the S&P in so far. Tracking a 6% beat. B of A thinks we'll finish the quarter up three maybe. Look, I think that we're seeing a lot of companies that are actually doing much, much better than expected. I love the Wells Fargo net interest income. Up goes from 10 to 14. I thought JP Morgan's quarter was really wanted the tour to force. A growth stock. I mean, 20% growth. David, interestingly enough, PepsiCo and Conagra downgraded today, they don't have the growth that the superior banks have. Really? Yeah, they don't. It's kind of amazing. By the way, JP Morgan, I mean, it's just a class by itself. It's almost as if it's the invidia of the backs. You know, interestingly, on a macro level, the commentary we got, we went through it on Friday, but it's worth a week here. I was here. I was here. I was here. What do you mean? You were here on Friday? I think? We're... Winner, yeah, but I was really... You weren't here late in the day. I wasn't in mad money. I was here. I think you were here. We were all here. Not. What do you mean? You were here on Friday?

Winner, yeah, but I was really... You weren't here late in the day. I wasn't in mad money.

No, but for us, you were here. So that's all that I think about. All right. I just people say, were you mad? I mean, coming back to the consumer, though, just trying to get a sense for things, right? with JP Morgan consumers in good shape, spending down excess cash city.

You're not hearing any alarm bells ringing from me at here at all.

This is on the call. Right, what, JP Morgan, consumers in good shape, spending down excess cash city. You're not hearing any alarm bells ringing from me at here at all.

This is on the call.

The U.S. consumer, I think we see U.S. consumers are resilient.

Wells Fargo.

Overall credit quality, strong.

Balance sheets remain healthy.

Right. Yeah, there's so good.

And you do see this, you know, this Richmond, some of the.

Oh, not just Richemone. Fergammo was down and LBMH. Not on China and the weakness there, which you'd expect sort of, oh, when I saw that, I was like, oh, it's on China. Right. But it's on U.S. looking not great towards the end of the reported quarter. I'm telling you, it's vacation. It's just about vacation.

That's what people are doing.

They're not buying.

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