Market Insight and Analysis. You're listening to the opening bell of CNBC, Squawk on the Street. Good Friday morning and welcome to Squawk on the Street. I'm David Favor with Sarah Eisen and Mike Santoli. We're live from Post 9 at the New York Stock Exchange. Jim and Carl have the morning off. Let's give you a look at futures as we get ready to start the final trading session of the week, a half hour from now. And you can see, futures are mixed.

That's what they tell me in my ear.

I kind of know that anyway, because I was looking a little while ago.

Let's get to our roadmap, of course.

It begins with a significant turnaround in stocks.

In fact, they are recovering what had been some steep losses overnight.

Turning higher, in fact, as perhaps investors,

starting to shake off some of those concerns that we'll be discussing about bank and bank credit.

Plus shares of Eli Lilly and Novo Nordisk on the move as President Trump calls for lower costs of GLP1 obesity drugs.

And Goldman Sachs saying, don't worry about the AI spending boom.

We'll explain the latest.

All right, let's start with the markets one day after the KBW Regional Banking Index had

its worst day versus the S&P 500 since March of 2023.

Our viewers, of course, may remember that.

That's when Silicon Valley Bank went bust, followed by First Republic, a number

of a couple of others as well. A lot of concern there. Sort of more about their bond portfolios,

the liquidity on the deposit side, and commercial real estate. This time, Mike, and yesterday, I think it may have

taken some people perhaps by surprise, but, you know, much more focused on sort of what we don't know

and what may be off-balance sheet and non-deposit taking financial institutions. But I saw that

Zions and Western Alliance headline at around 1030,

and frankly, I did not expect that we would end down the way we did.

For sure.

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