Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Cantonia with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.

Futures under some slight pressure as the 10-year climbs to 432, highest since July.

Earnings are at full boil. Pfizer, Royal Caribbean, SoFi, PayPal, all guiding above.

Our roadmap begins with this parade of Blue Chip's earnings.

The McDonald's comps fall more than expected. Pfizer does hike guidance and Ford cuts to the low end.

Plus, China reportedly considering a new $1.4 trillion fiscal stimulus package with the U.S.

election, of course, being a key driver.

And as subscribers flee and staffers resign, billionaire Jeff Bezos defends his decision

for a non-endorsement at the Washington Post.

Let's begin with McDonald's. A beat on both the top and the bottom line. Got a slight

miss on comps moments ago on the earnings call, CEO Chris Kempchinsky. It did address the

E. coli outbreak and its impact on the quarter.

I want to address the recent E. coli cases related to slivered onions

in a handful of U.S. states. While the situation appears to be contained, and though it didn't

affect Q3 numbers, it's certainly an important development, which I know is on many of your

minds. For over 70 years, McDonald's commitment

to food safety has been uncompromising. I'm relieved that this situation appears to be contained

and I remain confident in the safety of eating at McDonald's. Let's turn now to the update

on our performance in Q3.

On our last call, we shared the QSR sector had meaningfully slowed in many of our markets

with industry traffic declines in several major markets, and that consumers, especially those in the low-income category, were choosing to eat at home more often. This trend continued

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