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

Good Monday morning. Welcome to Squawk on the Street. I'm Carl Canton-Awo, with Jim Kramer, David Faber's back of the New York Stock Exchange.

Futures up 3.20 or so, poised for the biggest opening bell bound since July. A big week, of course, as we set the table for Powell's Jackson Hole speech on Friday morning.

Europe is green amid more reports of Germany planning some fiscal stimulus measures.

Tenure gets back to 162, and you see gold selling off today.

Our roadmap begins with the president, sounding off on everything from the trade war to recession fears to his dinner with Tim Cook.

And one company is shrugging off concerns about an economic slowdown in China.

We're going to tell you which one that is.

And it's a moment of truth for Lyft as insiders get their first chance to sell shares at the open.

Stocks are set to build on Friday's rally.

We're heading into this morning's trading session.

The Dow is within 394 points of recouping all the losses from that Wednesday sell-off

of 800 points.

Is the economy at risk of recession?

Take a listen to what the president and some of his top aides said yesterday.

I don't think we're having a recession. We're doing tremendously well. Our consumers are rich.

I gave a tremendous tax cut, and they're loaded up with money. They're buying. I saw the

Walmart numbers. They were through the roof. I sure don't see a recession. We had some

blockbuster retail sales consumer numbers towards the back end of last week.

We have the strongest economy in the world.

Money is coming here for a stock market.

It's also coming here to chase yield in our bond market.

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