Market Moving Insight and Analysis join Jim Kramer, David Faber, and me, Carl Cantonia, on the opening bell hour of CNBC Squawk on the Street.

Good Friday morning, welcome to Squawk on the Street. I'm Carl Cantonia with Jim Kramer, David Faber at the New York Stock Exchange. Future show the Dow may erase its losses

for the week as we keep an eye on Micron. Wells, We Work, and a tough week for IPOs as Peloton drops

and Endeavor gets pulled. Europe is green, 10-year steady despite the weakest consumer spending

print in about six months. Our roadmap begins with a new leader for Wells Fargo, BNY Mellon's Charlie Sharp,

named CEO of the bank.

Mike Ron issues a trade warning. The shares are down this morning on a disappointing

outlook, and CEO Sanjay Marotta joins us exclusively in just a...

Let's tell the story for heaven, say. A few minutes. I'm sorry to interrupt. No problem.

If Eagles won the last time, I can do whatever the heck I want. Plus, nearly half of 2019 public debuts are now trading below their offer price. Does that spell trouble for the IPO market? As we said, Wells is up in the pre-market after naming Bank of Mellon CEO, Charlie Sharp, is its new CEO, effective October 21.

Sharp is known, of course, for holding the top job at Visa.

Wells, which has been plagued by scandals, had struggled to find a permanent successor to Tim

Sloan, who resigned back in March.

Alan Parker is going to stay interim until Sharp joins the company.

Wells Conference call is underway, and we'll bring you developments on that.

Good reminder that he had quite a run at Visa and left for geographic reasons, really. Yes, he didn't be able to stay in New York. His family's still going to be with him. Remember, he's got one daughter right there. He's got another one close by. He's got his folks nearby. He's very much dedicated to them, and I've got to tell you. Congratulations.

Or as people would say, as President Ford would say, their long national nightmare is now over.

I think that the one thing that Charlie doesn't have to worry about is, yes, Senator Warren,

because it's not the sins of her fathers.

By the way, I think that the company under Tim Sloan did a fabulous job, but that didn't matter to Ms. Warren. I think this is a brilliant move. I think the expenses are

going to be really coming down. You know, Charlie's a big technology guy. It's going to help

there. They got them, which was a tough, tough thing. But because of the geography, remember,

...