Market Moving Insight and Analysis. Join Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street.

Good Tuesday morning. Welcome to you squawk on the street. I'm Carl Kintenea with David Faber, Mike Santoli at the New York Stock Exchange.

Kramer has the morning off. Obviously busy morning of of earnings, banks included. But first, some breaking news from the IMF.

Let's get to Steve Leasman in D.C. Steve.

Carl, thanks very much. Saying we are in a synchronized slowdown. The IMF downgrading global growth to 3%, the lowest level since the financial crisis,

and they're downgrading most advanced economies.

You can see right there, these numbers, 3% for the world, 2 for the U.S., 1.2 for the Euro area,

under a percentage point for Japan and 6-1 for China.

These are all down, you can see right there from the prior forecast and also

mostly, except for I think Japan down from last year. The IMF saying in its report, downside risks are

elevated. Trade barriers and heightened geopolitical tensions, including Brexit-related risks, could hamper

confidence, investment, and growth. They are very down, as you might imagine, on this trade issue.

Very quickly, let me show you. They do see something of a moderation next year in 2020.

We go back up to three, four, but it isn't the advanced economies that get there.

They're mostly looking for a turnaround in emerging markets and developing countries.

Four things the IMF notes need to be done to battle the slowdown.

They're saying an international response may be needed if things get worse from here.

They say monetary policy cannot do it all because there's a risk created, financial risk created,

from low interest rates they are urging as they have in the past and continue to do fiscal measures to help with the slowdown along

with structural reforms. Carl? That is big news, Steve. We're going to dissect a lot of that

along with the earnings that we're getting today. We'll come back to you a little bit later,

Steve Leesman. That ties into the earnings day we're getting on the banking front at least.

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