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

Pre-Markets trying to get some traction as this early round of industrial Q4 earnings have either revenue or guidance on the light side.

Proctor 3MGE, of course, and Netflix reports tonight.

Our roadmap begins with the market's historic run, including the Dow's first close above 38K.

Speaking of the blue chips, 3MJ and J&J Verizon and Procter and Gamble are all leading today's

earnings parade. We've got plenty of them. We're going to break down the winners and the losers.

Also ahead, China is said to be weighing measures to prop up its sagging stock markets,

if you haven't watched, the Shanghai composite already down about 7% this year, but is rebounding

a bit. Prop off. Why don't you just take advantage of the bargains that are being offered by

people who are selling. There you go.

Why don't you get the PCR language?

What do you come with?

Some sort of like right-wing description?

I'll make sure to check in with my communist handlers next time. Now you're talking, Jack Ma. We're going to get to all the earningsovers in a moment. And first, though, as Becky said, coming up this hour, actor, producer, entrepreneur,

Dwayne Johnson's with us,

is set to ring the opening bell after being appointed to the board of WWE and UFC parent TKO.

He'll join us live this hour, along with TKO's CEO, Ari Emanuel. There's a lot of news in here. David,

Netflix is a big part of it. That's the biggest part of it by far, and that's the reason the stock is up so dramatically at TKO this morning.

That's also going to have an impact, as you might imagine, on Endeavor, which owns, remember, a majority stake in TKO.

But this Netflix deal, according to filings again, over $5 billion, over 10 years.

That's a number guys that was in excess of what many investors were anticipating.

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