Market insight and analysis. You're listening to the opening bell of CNBC, Squawk on the Street.

Good Tuesday morning. Welcome to Squawk on the Street. I'm Carl Kintenea with Jim Kramer, David Faber, the New York Stock Exchange. It's a big morning.

Fed Chair Powell testifies before House Financial Services Committee in about an hour.

Meantime, more corporate impact from the coronavirus. This time, it's underarmor that's guiding down. And then M&A news, as the judge approves, that $26 billion T-Mobile sprint deal. David's got details. Yeah, let's get right to it this morning, of course. We learned about an hour ago, as we actually learned late yesterday, would probably be the case. Judge Marrero, a case that we've

been watching so closely, 13 states, of course, opposing the merger of T-Mobile and Sprint. Judge

Murrow ruling in favor of the companies, saying you can proceed with the deal. And you can see,

of course, the response in the marketplace is quite significant. There's a look at Judge

Morrero as well, of course, federal judge. To remind people, the ratio was 0.102560 mobile shares

for each sprint share. Just to go back, because remember it was, what, April of 2018 when this

deal was originally announced, we may actually get to the two-year mark before

they were able to close it. Six billion dollars in run rate synergies. They present valued that

at $43 billion at the time. And again, it was April 27th overall. Now, since then, so many

different challenges have come along. But this one being overcome perhaps is the most significant one and now is paving the way for these companies to get together.

But they're not quite there.

Not quite there as you take a look at the approval from Judge Marrero this morning and all the things that have happened on the way to that.

Of course, the most important beyond today's decision was the Department of Justice saying, yes, you can go, Mr. Number 3 and number 4 in the

wireless marketplace. You can get together. We believe that together you will actually present a more

formidable power in 5G, which is a key, of course, focus for the country, delivering that around the nation.

We believe that you will be a better capitalized competitor to take on the legs of Verizon in 18T.

And we believe, again, I'm saying the DOJ here when they approve the deal, that with the consent decree you've entered into,

we will create a nationwide competitor in the form of DISH, which has all that spectrum,

which is going to get the prepaid business from Sprint, boost, and is going to as well have

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