Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street. Good morning and welcome to Squawk on the Street. I'm David Faber with Jim Kramer. We're live from the New York Stock Exchange. Carl has the morning off. Let's give you a look at futures. We get started with trading, of course, one half hour from now. You can see we are looking for what would be a higher open, as we like to say here.

Higher. Yeah. Yeah. All right. Let's get to our roadmap this morning. It does start with, well,

some optimism, perhaps, involving the trade war. Stocks are set, as you saw, for some strong gains at

the open, although still on track to break that two-month winning streak.

Plus, pharmaceutical stocks rallying is ahead of the Open, and this after Johnson & Johnson

received a smaller than expected judgment against it involving its sale of opioids in Oklahoma.

And Facebook targeting Snapchat again, the social network

reportedly developing a new messaging app that would allow even more sharing between friends.

Sharing. We share. Look, I... You're always sharing. And markets off, and people just therefore

pursuing that something's happening.

I've watched this market from 3.30 this morning until now, Peter up, and there's nothing.

Nothing?

Nothing. I mean, not even the bonds. There's nothing.

But people will foment reasons about why it's going up, and I refuse to do that.

You refuse to do what? To explain? Right. I mean, it's just up people. I think that a lot of people recognize that without a new tweet that's destructive, they better get a little longer. So we'll just get back to fundamentals for a while until we'll interrupt it again by a new update from the trade war.

Right. And we see... It's hard to know which way that's going to go.

I mean, yesterday, Jim, we obviously noted this along the way.

It was very much unclear that there was any progress made whatsoever.

It was not.

I don't think either...

It wasn't even really...

Phone calls. It was nothing. Look don't think either side. It wasn't even really. They can say they were. phone calls. It was nothing.

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