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 Kintanay with Jim Kramer, David Faber at the New York Stock Exchange.

Welcome to Q4, getting kicked off with futures up nearly 100 amid this global bond sell-off today on the heels of a rough JGBB auction.

Europe has read on a weak PMI 457. It's the worst in seven years.

Inflation there near a three-year low. Our own 10-year near 175 got the dollar index at a two-year high.

Our roadmap begins with questions about Q4.

Investors weighing the trade war and an impeachment

inquiry as the fourth quarter gets underway. Plus, no force can stop the Chinese people, President

Xi commemorating the 70th anniversary of the Chinese Communist Party's rule. This is violent protests in

Hong Kong ramp up. Plus Facebook's Mark Zuckerberg rallying employees against critics, competitors, and presidential

hopefuls like Senator Elizabeth Warren.

First up, though, investors looking ahead as we begin the fourth quarter after a volatile

Q3, which saw the Dow and the S&P extend their quarterly win streaks to three.

The NASDAQ fell just short of a similar run.

For the year, though, leading the major indices with a 20% gain, S&P up almost 19.

The best performance through Q3 since 97.

Of course, we know this is all affected by the fact that December was so bad last year.

Yeah, for instance, Apple's up 42%. So you say, well, wait a second,

it's a great year. But remember, Apple pre-announced, you know, the stock are going down,

and Apple preannounced, I mean, the idea that it's really up 41%. You have to look at all these to see

what's up from the Pal Bear market. What is interesting is this market still has no leadership. It just keeps

rotated. I mean, you know, drugs are a leader, and then Speaker Pelosi says, be careful

...