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 Kintanao with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.

Pretty decent serving of corporate results today. Got beats from GM, GE, Pepsi McDonald's, Raytheon,

but its first Republic's results last night, still weighing on sentiment

and the two years down to 403. Our roadmap begins with that blue chip earnings parade, all the

names we mentioned, including UPS, McDonald's all crossing the tape. McDonald's CEO will join

us exclusively in the next hour. Plus shares of First Republic Bank are tumbling yet again.

The regional bank saying deposits dropped 40% in the quarter.

They do say they've since stabilized, but we're going to dig deeper into that. And Dow, delivering a quarterly

beat. shares, though, was slipping as there was a volume decline. CEO Jim Fitterling will join us in a few

minutes to talk about the quarter. Let's begin with the busy earnings parade, as we mentioned, Jim. You highlighted GE, GM, and Pepsi in stock. Look, I think sometimes you just have these standout quarters. I mean, GM, when you saw their beat, it was a clear beat, and it was just on demand. And what I'm focused on, and David, I think you can comment on these two

because this is really the crux of what me to talk to Dow.

This is an economics class today.

The demand for GM for their internal combustion engines was quite strong.

And that's how you get the stock doing okay.

PepsiCo, look, they were able to raise price. And like Coca-Cola, it didn't

really matter. They sold a lot, particularly in snacks. I look at GE, though, and I think to myself,

it's so back, it's incredible. He did it. David, he did it. And he did it in a way that you

really want, which is that aerospace was from, but that power and renewables will be good next year. For the first time, I felt like I wanted to own.

It is, you know, you get so accustomed to not believing in a way, right, that when there finally is a reason to believe, you still doubt yourself. Yes, that's a great way to put it.

And so, I mean, the stock now is sporting a very high multiple, but it seems to be perhaps deserved given the growth rate that they've got going at GE now, Jim. But again, and you say it,

and you're like, really? Can that really be? Well, Raytheon Technologies, they did have terrific

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