Market moving insight and analysis.

Join Jim Kramer, David Faber and me, Carl Cantonia on the opening bell hour of CNBC Squawk on the Street. Good Tuesday morning, everybody. Welcome to Squawk on the Street. I'm David Faber with Jim Kramer. And we are live from post nine at the New York Stock Exchange. Carl has the morning off. We get started with trading 30 minutes from now. First trading day of the week, of course. but it is a Tuesday, don't forget.

And you can see we're looking for a slightly off. We get started with trading 30 minutes from now. First trading day of the week, of course,

but it is a Tuesday, don't forget. And you can see we're looking for a slightly lower open.

Let's get to our roadmap this morning. It starts with the banks, which we also started with

on Friday. This time it's Goldman, posting its worst miss of earnings in a decade.

Morgan Stanley, though, notching record wealth management revenue.

Those stocks moving in opposite directions.

We'll talk a bit about activism.

Ryan Cohen takes a stake in Alibaba, push for an increased in the stock buyback there.

And crypto comeback, Bitcoin rallying 28%.

That's just so far for the month.

Let's begin, though, with the holiday short and trading week and quarterly results from Goldman Sachs and Morgan Stanley.

And Jim, I'm going to turn to you on this.

Let's start with Goldman, which clearly does not appear to be a good quarter.

I want to get your take.

Look, you needed to have more M&A and corporate finance in order to offset some of the things

that we saw, wealth management, there's plenty of expenses, not good.

Spending a lot of money, David, on consumer credit card, not being offset by anything that's involved with investment banking.

So you also had some, you know, they had big balance sheet, they spent a lot of money,

and it just wasn't clear the return that they got on.

So I would use the term disappointing straight out.

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