Market moving insight and analysis join Jim Kramer, David Faber, and me, Carl Kintanilla, on the opening bell hour of CNBC Squawk on the Street.

Good Wednesday morning, welcome to Squawk on the Street. I'm Carl Kintania with Jim Kramer, David Faber, the New York Stock Exchange.

We are looking for some signs of exhaustion after 2, three percent down days on coronavirus fears.

Futures did crack below 3,100 in the early morning hours, but have recovered, taking their

queue from higher yields. Europe is fighting to go green after a tough open, the 10 years back to

136, but oil did crack below 49. Our roadmap begins with the Wall Street route, the S&P suffering its worst two-day slide.

In four and a half years, stocks look to bounce slightly at the open.

Plus, it is a new era for Disney.

Its longtime CEO, By-Biker, has stepped down, triggering a lot of questions, including, of course, why now?

And tech tanking.

The sector is now in correction territory, with once high-flying names like Microsoft Apple,

Alphabet Amazon, losing a combined $400 billion in market value over four sessions.

So we're on track for a positive open after the big two-day sell-off,

which did wipe out $1.7 trillion in market value.

Will stocks be able to maintain their gains so far this week? All three indices down more than

6%. Jim, seven on the S&P, which you think might be time to get interested.

You've got to start buying something. Now, look, I understand there's two shoes to drop.

The cluster that they find in America, you know, look, I understand there's two shoes to drop. The cluster that they find in America,

you know, look, I say it that way because certainly got the green light to say it from the CDC,

and then a possibility of an Ebola situation. Remember, if we lost someone in Texas,

that was something that was a problem with the public health system, I think something could

have something like that here, would that be shocking?

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