Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street. Good Monday morning, everybody. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. We're live from Post 9 at the New York Stock Exchange. Carl has the morning off. Let's give you a look at futures. We get ready to begin trading one half hour from now, and you can see it does appear we're going to have a higher open. It doesn't mean

much, of course, as our viewers well know, can change very quickly. Let's get to our roadmap this

morning. It does start with a big week ahead for investors. Megatech names will be reporting results

such as Netta and Microsoft. We've also got some key central bank decisions on deck.

Plus, bye-bye Bertie, Twitter officially rebranding as X. X. And Chevron pre-announced

quarterly results also announces some changes in its C-suite, CFO, mainly departing. We're going to talk exclusively with Mike Worth.

That'll be later in the hour.

But, of course, as we often do, let's start with the markets ahead of what is a busy week of trading for investors.

Given we're getting a lot of the S&P reporting numbers, including a lot of the bellwetheres, Jim.

I just mentioned Microsoft and Meta. You can also talk McDonald's or Coke. We can go a lot of different places. Yeah, alphabet. Well, look, I think, David, that there's been two tracks of discussion among people. There's the irrelevant track, which is the Fed, and there's a relevant track, which is the earnings. I know that's antithetical to everything we say, but there's

just empirically, you have to start doubting the idea that if you had followed the Fed in each

rate increase, you would have sold, sold, sold. That was the bare dichotomy, with the Bulls being

the other side saying, look, if you just focus on earnings, you don't mind paying for them,

particularly because worldwide there's problems.

And I come back and I say, I'm definitively in the B camp, the full camp, because all discussion

around 11 rate increases has been a Dodge.

Now, it's not supposed to be what we're riveted by, But the American companies have transcended the yield curve,

transcended the short rates because of just, I think, sheer brainpower. There's just been a lot of

really good companies, whether it be mega cap, whether it be industrials. You're already passing

judgment on an earning season. That really is what? We're not even a quarter through it.

Yeah, I am.

Why?

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