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 Kintania with Jim Kramer at Post 9 of the New York Stock Exchange.

David Faber is the morning. Offstocks do look to continue their climb with the Russell aiming for five straight 1% gains.

Retail sales better than expected, yields bounce a bit at the short end after the 10-year

briefly hit a four-month low.

Our roadmap begins with quarterly beats for both Morgan Stanley and Bank of America.

Brian Moynihan is going to join us in the next hour.

Also ahead, Amazon Prime Day is underway, and Elon Musk, reportedly

committing $45 million a month to a new pro-Trump super PAC. Let's begin, though, to market reaction

to those quarterly results from B of A and Morgan Stanley. Not all of these names are working

premarking. No, I think it's very interesting. Banking, really clean, and I like it, that interesting income 12. That seems to be the number. Of course, everyone's looking at, and how much you're making off your deposits, which they're making a lot of the deposits. They did it without having a lot of investment banking. They had good numbers. Morgan Stanley, the French Out Trust owns,

his stock had run very big into the quarter. The second best performer after Goldman so

far after last earnings season. But what bothered me here, Al-a-Swab, is they're just not getting

the accounts that I thought. They're just not making enough money. But I will say this.

I mean, the one thing you have to recognize is that Wells Fargo really got hit on Friday.

And then it's been up since.

As people realize, wait a second, if the Fed's going to cut rates, here we have the beneficiaries.

It's Morgan Stanley and it's Wells Fargo.

So before you just dump them, recognize that these stocks overnight have become plays on

what Powell does.

And you want to be levered to what Powell does.

And there plays on regulation.

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