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

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kinteney with Mike Santoli,

David Favre here at Post 9 of the New York Stock Exchange. Stock's treading some water this morning,

roughly flat as the Dow's down three straight sessions. Pepsi and Delta are going to kickoff

earning season today and dollar two-month high

on some of the political turmoil in Europe and Japan. Our roadmap begins with the March to record highs,

resuming thanks to tech yesterday, as a number of top tech leaders come out to defend AI

spending and its impact. Plus, J.P. Morgan's CEO, Jamie Diamond, warns about the rising risk

of a significant correction in the U.S. Morgan's CEO, Jamie Diamond, warns about the rising risk of a significant

correction in the U.S. stock market. And get ready for earnings. Pepsi and Delta reporting their

latest results. That's this morning. And we, of course, will break down the numbers from both

of those companies. We began this morning with tech fueling the market's record run. Yesterday,

the BBC asked Jamie

Diamond about the possibility of a correction here's what he said you don't see a

crash coming you didn't see a correction I am far more worried about that than

others I so if you said I'm not talking about probabilities I would give it a

higher probability than I think is probably priced in the market

and by others. So if the market's pricing in 10%, I would price it's more like 30. And I'm not saying

that one third chance of a correction. Yeah, and I'm not saying next year. Because the timing of these

things is almost impossible. So it could be what, six months? Could be a year. Could be six months,

could be two years.

Mike kind of pile it onto the Paul Tudor Jones and Ken Griffin comments of the past couple of weeks.

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