Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Cantonia with Jim Kramer,

David Faber, and post-9 of the New York Stock Exchange. Stocks wrestling with some growth worries

today, more regional bank stress, some very weak data out of China, softer PPI may be good

for margins, but jobless claims, 264,000 is the highest in 19 months.

A roadmap begins with the return of that regional bank volatility.

Pack West says deposits fell 9.5% last week, but Jamie Diamond says the regionals remain strong.

Plus, Disney shares are under pressure this morning.

Streaming losses improve,

subscribers, though, decline. And CEO Bob Eiger, he ups the ante with Florida asking, quote,

do they want us to invest more or not? And the macro outlook, inflation pressures easing,

jobless claims hit the highest since last October, and Treasury Secretary Yellen says it should be

unthinkable for the U.S. to default on its debt.

Let's start with regional banks today. Under pressure, as we said, led by PAC West, down double digits.

In this regulatory filing, the company says it lost 9.5% of deposits in the week ending May 5,

citing customer fears sparked by reports that

Pack West was exploring those strategic options. The bank ads had funded the decline in deposits

with available on-balance sheet liquidity. Meantime, got an update out of Western Alliance as well.

Jim, you've been all over this this morning. Yeah, look, I think there were in this position

that there was kind of a lag when they report, and it was clear that the news stories

drove this. And so, I mean, I was going over this in my mind this morning. Do you want to make

it worse? Do you want to make what happened on May 4th and May 5th after the news reports

...