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

Don't miss a minute of the action.

Good morning and welcome to Squawk on the Street. I'm David Faber, along with Jim Kramer,

and we are live from the New York Stock Exchange. Carl has the morning off.

Let's give you a look at futures as we get ready to start the trading for this week.

A half hour from now, you can see we are headed for what is going to be a down open.

And that's where our roadmap starts as well, as you might expect,

on the geopolitical risk for stocks, futures, as you just saw, pointing to what would be a second straight drop at the open.

Plus, oil on the rise, gold also nears a seven-year high.

This, of course, as tensions in the Middle East are very high.

Also a new chapter for U.S. Cosmetics Giant Avon.

It's not part of the Brazilian Personal care group Natura. The group's new

CEO is going to join us later this hour. Back to stocks, they are extending a sell-off while oil and

gold prices continue to climb. This is Iran and the White House trade threats, following,

of course, that U.S. air strike that killed Iran's top commander. Jim, happy New Year.

Happy New Year.

Nice to see you, my friend.

Way too long.

I missed you.

I know you feel the same.

But I haven't heard you opine on this market and what risk there is in the geopolitics, in the

back and forth. Our viewers, I'm sure, are familiar with the

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