It's Jim Kramer here. You're listening to the opening bell of CNBC Squawk on the Street.

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

Faber at the New York Stock Exchange. What a morning.

Busiest day of Q2 earning season. We're now about halfway through Facebook, Qualcomm, PayPal, Comcast, Ford, all on focus today. Of course, the Robin Hood IPO. And futures have held on the gains, even as Q2 GDP is a miss at 6'5. It's still the best Q2 in almost two decades. Our roadmap beginsBet begins with Facebook and Ford and Qualcomm and our parent Comcast reporting results.

Renewed corporate COVID restrictions also in focus.

Plus, we're going to talk about fraud charges.

US prosecutors charging Nicola founder Trevor Milton in connection with their investigation into the embattled electric car.

You had a great interchange with him initially.

Start up, Carl.

And Robin Hood set to make its public debut, valued at $32 billion after pricing toward the bottom of the range.

And that's where we're going to begin, Jim.

A lot of discussion about going to the bottom because they want this to work, perhaps.

Exactly.

But what I want to be sure of is that Goldman understands that Vlad Tenet is trying to do the right thing by people.

And I point that out because there are a lot of disparate groups that are in the stock that he's given to people.

And I don't think Goldman's all that sensitive one bit to what Vlad

wants to do. I think they're treating it as a traditional IPO. I think Vlad is doing it anything

but traditional. And we'll see if that clashes. What we don't, one, obviously, is what Leslie Picker

talked about today, which is every deal north of $2 billion, David, has broken print.

Yeah, I thought that was very interesting stat that Leslie shared with us yesterday. The big deals have not done well. Right. So what should you do if you're Goldman? You price it so that it works. Which, okay. Which, do you think they did that? I don't think they care at all. Well, do you think where they priced it was the... I don't think they have any idea. I think that they're still busy trying to figure out who is and who is. They're still busy trying to sell those Uber shares, by the way. This morning, I was hearing from some guys in Europe. Underneath you, it says Goldman Not done allocating Robin Hood IP Piochus. That's what lets me to be skeptical. Because typically by now, you'd have a better idea. Yeah. Right? Yeah. I mean, it's 902, don't you think that if they were... Usually you'd have me sitting here saying it's 10 times I was subscribed. Well, that's what I'm saying. If we knew who was allocated to... Marketing language. But Goldman seems to be, I don't know, I mean, I'm sure there's someone at Goldman who says, Kramer doesn't know he's talking about. Vlad is saying this. But the issue is that you can't have the print price broken because if you have, say, 30% of them who are thinly capitalized who bought it, they may not have any firepower to buy

more. And you don't want a situation where it breaks the print immediately and people say,

...