It's Jim Kramer here. You're listening to the opening bell of CBC's Squawk on the Street.

Don't miss a minute of the action.

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanian with Jim Kramer and David

Faber at post nine of the New York Stock Exchange. Final day of January. S&P enjoying its best

January in about four years as the earnings from industrial giants roll in. Q4 employment costs

soften a bit. That did turn futures green as the Fed meeting begins today. A roadmap begins

with corporate earnings in a gauge of the economy. McDonald's, UPS, CAT, GM, Pfizer, among the names

crossing the tape. We'll break down the numbers. Plus Exxon is smashing records, notching a $56 billion

profit for 2022. CEO Darren Woods pushing back against White House criticism, saying it needs to get

its facts straight. And the S&P is headed for its best month, as you just heard from Carl since 2019.

Futures though this morning, let's call it a bit

muted this is investors away of course what we're going to hear from the fifth let's get to the

earnings parade jim i heard you talking uPS with andrew is that the most important name at the moment well

i think it shows you the difficulty of figuring out on a day when we have so many earnings about what

the right direction is. So UPS reports, there's a computer generated line basically, which says

that the revenues were like. And then you read the release and you realize, you know what,

they're doing better than we thought, and that that revenue line is not

which is not dispositive. And then the stock goes from being down two to three to being up five.

And that's really the tail of this particular tape, as people reevaluate and realize Calton

May is doing a pretty good job. And that's going to be the whole thing. I mean, GM reports,

and it's instantly good. But then we may hear the comments call. I don't know. I've got Mary Barra.

I just urge people to recognize that because things are so jumbled today, David, you could be incredibly wrong.

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