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 Kinteneer with David Faber here at Post 9 of the New York Stock Exchange.

Kramer's in San Francisco as Dreamforce gets underway today. Future is giving back most of Monday's bounce as China rhetoric heats up.

Besson says the shutdown starting to hit the real economy,

and the commentary from banks this morning is mixed on this first busy day of Q3 earnings,

10-year 402.

A roadmap begins with earnings season underway with the banks.

J.P. Morgan's trading revenue hits the record.

Goldman and Wells also beating the street.

Plus, we have more deals.

What else is new, of course, in the AI industry.

It has a number of chip stocks that are on the move this morning. We'll try and break all those down for you.

And Black Rock's assets hit a record of almost $13, excuse me, and a half trillion dollars. BlackRock's CEO, Larry Fink, will join us exclusively right here at Post 9.

We'll talk about the results

and get his outlook for the markets. Let's begin with the big banks kicking off earning season

today, including J.P. Morgan Chase posting a quarterly beat, helped by strength in trading and IB.

Jim, a lot to dig through this morning. I don't know if you want to start with the banks themselves

or some of your commentary on how speculative parts of

the market are you say wagging the dog right well i do think that i want to start with speculation

for only just because speculation seems to be driving what happened even early in the morning when you

wake up and you see crypto down and you see the quantum stocks down and you see the stocks that are related to flying flying cars.

Dave and I always like to make fun of those, but or nuclear.

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