Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kainteneah, on the opening bell hour of CNBC Squawk on the Street.

Good Tuesday morning, welcome to Squawk on the Street. I'm Carl Kaintena with Jim Kramer and David Faber at post 9 in the New York Stock Exchange.

Bulls trying to build on Monday's bounds, but futures lost some gains on the back of several earnings disappointments.

Two-day Fed meeting kicks off today on this final day of October. Happy Halloween.

Our roadmap begins with this final day of the month, major averages on pace for three-month

losing streaks as the Fed does kick off that policy meeting.

Plus legendary investors, Stanley Drunken Miller, sounding off on Treasury Secretary Yellen for making, quote, the biggest wonder in the history of the Treasury.

And shares of Caterpillar are moving lower. The biggest laggard on the Dow, despite topping both profit and revenue estimates we will dig through that quarter.

Let's begin, though, with the markets on this final trading day of the month.

Another one, Jim, where we're like, let's look forward to the next one.

Yeah, look, I think that we have a market where if there's something that's negative that you

can be found, they'll find it. I mean, my chapter trust zones catapower. We sold a lot higher. I'm trying to

figure out when to buy lower. I notice when people sell it down 12, that's because they think

someone's going to sell it down 15. However, these are probably most likely not longs. Because if you

go through what Caterpillar is going to say, it really is a fourth quarter story and a 2024 story.

They're making it as like a 2023.

I mention this only because I find that if there is one single line in a report call that's negative,

it's all that people care about.

And it's all because we're in a real bad bear market right now.

In this case, is it about their warning about China?

China's less than 5%.

Oil is 6%.

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