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

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

Faber, the New York Stock Exchange. Future's in a pretty tight range here after four days up for the Dow.

Busy day as we await Apple's iPhone event this afternoon. A bunch of downgrades with names like Wells Fargo and Wendy's on the list. Europe is mixed, a 10-year 164. We've got oil at a six-week high. Our roadmap's going to begin with Apple's moment of truth set to unveil its latest iPhone lineup today. but for a company increasingly focused on services,

will it move the needle for investors?

Plus, we're going to talk about WeWorks and Battled IPO plans, what that could mean, of course,

for the company's global expansion.

And play the long game.

That's the White House's message for Wall Street on China trade.

Stocks are pointed to a muted open today.

Apple is set to unveil its latest new iPhone models and some other product updates today. Features on the phones might include

upgraded processors, new camera functionality. The event will take place at Apple's headquarters

in California, begin at 1 p.m. Eastern Time. Jim, just talking about what else we might hear about content,

some of the shows that are going to be rolling out in the coming days. I think they've got some

exciting TV, and I want to see trailers. I think that people are underestimating what they've

been working on that. I would love to your more credit card. I just think that it's too early.

I do think that anyone who's got the

watch, the iterations are getting very exciting. The watch sales, you're going to hear some

incredible numbers, I believe. Service revenue are going to be very strong. Not sure exactly

what to say about the 11, because they've been pretty close-mouthed about it. Those of us who

have the 8 and the 10, the 10 was stolen from me.

By my daughter.

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