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 Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanio with Jim Kramer, David Faber, post nine of the New York Stock Exchange. Stock's taking aim at a two-month high near the best closing levels of the year as Goldman, B of A, J&J roll in, Europe's near a 14-month high, as China's

eco-data is stronger than expected, more chatter about global economic resilience.

Our robot begins with a mixed picture for the banks, though.

B of A tops estimates.

Goldman does deliver this revenue miss dragged down by its market loans.

Blas Elon Musk's AI warning, saying it has, quote, the potential of civilization destruction.

And Apple's big push for a new generation of iPhone users beginning in India today with its first store

opening in that country.

Let's begin, though, with market reaction to the earnings from B of A and Goldman Jim.

Is it as ugly a beat on Goldman as they say?

No, it's not.

Look, it's a $66 million revenue miss when you back out.

And it's just these really difficult provision you have to take for the market's loans

versus selling the loans.

And so they're smaller investor loan package.

And that some people are saying, listen, they're fixing them, they're trading, not as

very big let down.

No, no.

Last year at this time, they had the best single quarter in history.

So you're up against very difficult compare.

This is actually a top-decile quarter from when they've come public for FIC. Did they blow the revenues away?

Absolutely not. Did they miss buy as much as people are saying?

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