Market moving insight and analysis.

Join Jim Kramer, David Faber and me, Carl Kaintena, on the opening bell hour of CNBC Squawk on the Street. Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer at post nine of the New York Stock Exchange. David Faber has the morning off. Future is fairly steady as the S&P's coming off four straight gains. Longest win since January. Oil continues its climb.

Australia becomes the latest central bank to pause after 10 straight hikes. A robot begins with

stock shrugging off an oil price spike. The Dow and the SEP looking to extend that wind streak.

Jamie Diamond says the banking crisis is not over, but that it will pass.

And have you seen my stapler?

Google looking to cut some costs, including cutting back on employee laptop, services, and, yes, office supplies.

Let's begin with the markets, though, and Diamond's annual letter to shareholders, weighing in on the banking turmoil, he writes,

the current crisis is not

yet over, and even when it is behind us, there will be repercussions from it for years to come.

But importantly, recent events are nothing like what occurred during the 2008 global financial

crisis, Jim. His point is that there are fewer players with those types of issues, and those

issues are easier to solve.

Yeah, I thought that was absolutely great that I did feel better.

Having not being done, obviously, it's an issue,

but it's always required me, and it's always very thoughtful.

He works hard on it.

Yeah, he really does.

And I think that it's a great state of the state.

My issue is on page 17, he says, we need banks to be attractive investments. They need to be

investable, not uninvestable. I've been saying I'm in money that become uninvestable.

And they've become uninvestable for all the reasons that he says they're wrong with the bank system.

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