Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street. Good Monday morning. Welcome to Squawk in the Street. I'm Carl Kintania. Jim Kramer's back. David Faber here post-9 of the New York Stock Exchange. Final trading day of September. And Q3, as we get set for a big week with the jobs number, jolts, a VP debate, a potential port strike tonight. Futures are lower. Powell speaks at Nabe this afternoon.

A roadmap begins with the China stuff. Joltz. A VP debate, a potential port strike tonight. Futures are lower. Powell speaks at Nabe this

afternoon. A roadmap begins with a China stock surge, notching the best day since 2008 on hopes for

some further stimulus moves. Plus, it's a big merger. Satellite TV rivals, DirecTV, DishParent

company, Echo Star, reach a deal that would create the largest pay TV provider in the U.S.

CEO of EchoStar will join me exclusively. That'll be in the next hour.

And automakers are under pressure this morning.

Stalantys shares plunging ahead of the open as it follows Volkswagen with a significant warning on profits.

We'll be looking at the whole group.

Let's begin with markets in this rally in China. Jim, welcome back. Thank you for having me.

A lot happened in your absence. Okay, so I get up, I'm in Italy, and I get up on Tuesday,

to this bizarre, Baba Black Sheep meme. And I'm thinking, who's that from? And it's from Tepper. Now, of course, Dave Tepper. Now, of course, if I call him back, then it would be a divorce filing papers. And you know what, David, those are bummer, so don't even think about it. But it was Tepper just saying, look, you got to go all in, so let's give him credit. He came on TV. But he had been in for a long time. He was in the 70. He was in even when, I have to tell you, when it dropped to the 60s, he was there. So he has every right to Crow. And I talk with him this morning. And he says, look, hope there's a pullback. That's all I can say.

Hope there's a pullback so we can do some more bind. People are throwing in Tepper, obviously the stimulus, but also Micron and Meta, the meta event. Yeah. I mean, look, I think that there was a lot that was good. The only thing that was a little negative was Friday evening. we found that Novellis, we hear that the H20, which is their kind of stripped

down chip, Chinese are saying no to it. But, you know, David, we have been faked out many times.

But the one thing that Tepper said, and Tepper's a great money manager, we know he wasn't as bullish,

it's been since 2010 that he's wanted to come on. That was the Bank of America buy. And what he basically said was, look, it's very unusual for

them to buy, then buy, then buy, and positive and positive and positive. I know that they

are very worried about being downgraded from the MSCI index. I know that people felt that

there was too much money being lost in the market,

but these unlimited buybacks funded by the government, you know, we don't have those. No, not right now. No. Not right now. No. Not right now. Well, we have one, 2015, 60. We kind of did in COVID there. I think there was a period where the Fed was basically like, buy anything you want. Well, they did. They did. I forget what that program was called. The Fed likes Starbucks.

But your points a good one.

We're-

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