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,

David Faber, Post 9 of the New York Stock Exchange. Futures are mixed,s up as China retaliates a little with tariffs on

American oil, coal, net gas, some ag equipment. Our earnings get more attention today with some

lower guidance at firms like Merck and Pepsi. Our roadmap begins with the trade tit for tat. China does

hit back with tariffs on the U.S., including targeting energy and Google.

Plus, we're keeping an eye, insurers of Palantir.

Why?

Well, they are surging after the company posted a strong outlook on what it calls untamed AI demand.

It's CEO expecting a company windfall from Elon Musk government cost-cutting efforts.

And there are also any number of other corporate earnings

that will try and get to this morning and focus on Pepsi, Merck, Pfizer, PayPal, Spotify shares

up about 8%. Those were all amongst the names that have reported this morning. Alphabet,

by the way, after the bell. Let's begin with China, though, retaliating against the president's

tariffs. Beijing says beginning February 10, it will impose additional tariffs on some imported U.S. goods,

15% on coal and lukified net gas, 10% on crude oil, farm equipment, pickup trucks, and some other vehicles.

Other actions include tightening export controls on critical minerals used in things like smartphones.

China also announcing an antitrust probe into Google Jim. They're adding PVH and Illumina

to this unreliable entities list.

I thought these were funny. PVA is one of the buttons on the shirtrun.

Illumina, there's two other companies that do what they do. Coal, very much in

demand in Western Europe. They can fight natural gas. Demand everywhere. Minerals, okay,

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