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

Don't miss a minute of the action.

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintanilla with David Faber at the New York Stock Exchange.

Kramer is working out of D.C. this morning. A lot to get to with Jim as all-time highs are once again in sight.

Tensions with Iran appear to be settling down. Phase one signings on track for next week.

Got upgrades for names like Goldman, Coke, Starbucks, AMD, Macy's and Moore.

Europe's mostly green tenure back to 188.

Our roadmap begins with the geopolitical relief rally. Gold drops. Oil stabilizes

stocks set for new records at the open. Plus banks were in focus this morning. This is Bank

America calls Citigroup. It's quote, pick of the decade. And retail's mixed holiday

report cards. The CEO of Alta is going to join us at post nine this hour.

So we'll begin with stocks on track to open at record highs, helped by the apparent cooling attentions between the U.S. and Iran.

Also adding to positive sentiment, China confirming the vice premier will head to Washington

next week for the signing of that phase one trade agreement with the United States.

Jim, it's going to be busy next week between that and the kickoff of corporate earnings.

It sure seems like everybody believes that everything's going to be good.

The sheer mention of the banks is really underestimated.

There are so many people who are saying buy these.

Why does that matter?

That's who kicks off earnings season.

So already the expectations are very high. They better deliver after this run. And that's what these

upgrades are mostly all about. I mean, specifically on the banks. Goldman getting not one

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