Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer at Post Night of the New York Stock Exchange. David Faber at Morgan Stanley's HQ, where he'll have an exclusive with CEO James Gorman in the next hour. Meantime futures bounds from Wednesday's spill. Worst day for the S&P since September. This morning stayed a fairly dove-ish. Final Q3 GDP, Philly Fed both missed. Ten-year 383 is a new cycle low. Our roadmap begins with this halted rally, but futures do point to a rebound. Micron riding writing the AI wave, shares on track for the highest

close since early 22, and Sanjay Marotra is going to join us this hour. And Warner Brothers

Discovery, early talks about a deal with Paramount. Of course, we will discuss. Let's begin,

though, with David, ahead of his interview with Morgan Stanley's James Gorman. We mentioned

yesterday, David, so many different avenues to tread with James today.

Yeah, you know, listen, it's always an interesting opportunity, Carl, to sit down with somebody

who's been running an institution as Mr. Gorman has here at Morgan Stanley for, let's call it, the last

14 years and has obviously had a significant track record of success over that period of time.

The stock certainly outperforming, for example, their chief rival, Goldman Sachs and many others

in the group as well. One way that we judge. But, you know, it'll be an interesting opportunity

to sort of talk to him, have him be somewhat reflective, I hope, in terms of those 14 years,

how things have changed, how they haven't, and what his views are of sort of where the industry sits right now and where

Morgan Stanley sits in terms of how he's leaving this institution. Obviously, leaving the

CEO role, as you guys know, but will remain as executive chairman for roughly another year or so.

But still a significant exit, so to speak, from the financial services industry,

and we're certainly happy to have the opportunity to talk to Mr. Gorman about that.

As you said, Carl, in the next hour, squawking the street.

You know, David, it will be so good to hear about someone in the industry.

You said, we're going to get out of all the controversial things, that they don't work, all the things that people, the highfalutin things, the government doesn't like them, and he had that vision, David, and that vision really paid off, didn't it? Yeah, I mean, you know, there were opportunities and he took advantage of them as the way, certainly one person who knows Gorman well and worked with him for a long time sort of put it to me, Jim. You know, whether

it was the opportunity, obviously, to take in Solomon Smith Barney and or some of the others

and transform really this institution to a certain extent as a result of those deals and then

execute, right? That's always the key part. You got to take result of those deals and then execute, right?

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