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 Thursday morning. Welcome to Squawk on the Street. I'm Carl Kainterna with Jim Kramer and David Faber at the New York Stock Exchange.

Stocks are looking to extend this bounce for a second day here as a lack of trade headlines make way for a lot of news in retail, oil, biotech, and more. We're going to get to all of that. Europe has been mixed this morning. Watch bonds. Claims come in at 203,000. That is the lowest number since April. Our roadmap begins with trade tea leaves boosting stocks.

China says trade reps are in close contact with the U.S.

And futures do point to a second straight higher open.

Plus putting mergers on notice, Elizabeth Warren drafting legislation to reverse mega mergers.

It's a plan which you might imagine would have big implications for American companies and investors if it were to happen.

And a shake-up at United Airlines. Oscar Munoz stepping down. President Scott Kirby is going to take over next spring.

We do have some breaking news on GM, and for that we're going to go to Philabo in Chicago. Busy day, Phil.

It is a busy day, Carl. General Motors announcing that it is forming a

joint venture with the Korean Battery Company, LG Chem. This is a joint venture where the two companies

will be creating an electric vehicle battery plant in northeast Ohio. It may be in Lourdesstown or

just outside of Lourdesown where GM used to have a plant. Remember,

they shut it down last year. They then sold the plant earlier this year. GM will invest up to

$2.3 billion into that joint venture with LG Chem. It'll be located near Lordstown, Ohio and

create up to 1,100 new jobs.

This is a move that many expected.

GM talked about this during the negotiations with the UAW,

that it had plans to add jobs in Northeast Ohio.

We're going to talk first on CNBC with GM's CEO, Mary Barra.

That is coming up at 935.

Guys, you don't want to miss that interview.

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