It's Jim Kramer here. You're listening to the opening bell of CBC squawk on the street.

Don't miss a minute of the action.

Good Tuesday morning. Welcome to another hour of squawk on the street. I'm Sarah Eisen with Carl

Cantonea live for you, as always, from post nine of the New York Stock Exchange. David Faber has the morning off. Take a look at stocks, taking a step back here, S&P down a tenth of one percent. And it's groups like materials, financials, and consumer discretionary, keeping the declines from being worse. They're all higher. What's not energy is the biggest laggard as far as sectors,

real estate, industrials, utilities all down. NASDA composite down a third of 1%. We're still up week

to date, thanks to yesterday's big rallies. I'll just note Tesla's having a little comeback today.

Nvidia and Meta are higher as well ahead of some big magnificent seven earnings this afternoon

out of Alphabet and Microsoft.

Treasuries continue their rally.

We got after the refunding announcement yesterday came in a little less than expected.

We saw a big rally, actually.

The 10-year note yield remains lower again just above the 4% level.

30 minutes into the trading session, here are three big movers we're watching.

Shares of UPS dropping, delivering a fourth quarter revenue miss and disappointing guidance.

UBS also laying off 12,000 positions as demand remains soft.

Shares of JetBlue and Spirit Airlines moving big time.

They are now filing for an expedited appeal to that court ruling that blocked their $3.8 billion merger.

JetBlue CEO will be on Power Lunch to discuss it later today.

Shares a block moving higher, the FinTech company getting a couple of bullish calls today.

BTIG upgrading to buy with an $85 target.

Wedbush upgrades block to outperform, raises its price target to 90 from 70.

And then one more, GM in the green, after a top and bottom line beat and strong guidance there.

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