It's Jim Kramer here. You're listening to the opening bell of CNBC Squawk on the Street.

Don't miss a minute of the action.

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintanay with Jim Kramer and David

David Faber at the New York Stock Exchange. Coming up, 3M's chief, Mike Roman, on the quarter and

the restructuring that will cut

1,500 jobs. Futures in the meantime look for a bounce as the coronavirus mortality rate

appears to be staying in check, although much is still unknown. A lot of earnings to get to.

Fed meeting begins. Ten year gets to 157 this morning. And Kay Schiller up 3--5 year-on-year-on-year in November.

A roadmap begins with futures pointing to a rebound after the worst drop since October.

Investors grappling with fears over the possible coronavirus outbreak.

Plus shares of 3M are taking a hit this morning, this after Carl just mentioned, announcing the

companies cutting 1,500 jobs. It also did post lower profits. And we will speak with

CEO Mike Roman in the next hour. And Boeing securing more than 12 billion in financing to help

weather the 737 max crisis. Stocks are looking to recoup some of the losses from yesterday's

sell-off, worries about the coronavirus resulting in the worst day for the Dow and the

S&P in almost four months. More than 4,500 patients in China have been infected with the virus.

Death toll now around 106 in 18 countries. Jim, we would expect the number of confirmed cases to rise,

but the number of deaths is not as algorithmic as the number of confirms.

No, I mean, I think people just naturally presume that someone is speaking more fiction

than the fact, because the fact is that 8,200 people in this country died of the flu so far

this year, 140,000 hospitalizations, 15 million got it.

If we were to write that story every day, we put that on the front page. Now, of course, what people say is, you don't be such a polliana. The incubation period is so long that each person is going to infect two people. Again, that's not that bad in number. Then you say, listen, if everybody did that, then suddenly we have 50 to 70 million and we're back in

...