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 Squawk on the Street. I'm Carl Kinteneo with Jim Kramer, David Faber, the New York Stock Exchange.

Equities are rallying all around the world as China injects another 57 billion in market

liquidity, offers some reassuring comments on the coronavirus impact. Tesla's parabolic action

continues today. Europe's up about one and a half percent. The tenure is getting close to

one-six and oil is rebounding after closing in a bare market on Monday. Our roadmap begins with the

recovery rally. Stocks are set to open sharply higher as virus fears abate.

China is set to take additional steps to stabilize the economy.

Plus Tesla shares skyrocketing, jumping another 15% this morning.

They're up more than 100% this year.

But, of course, the question, is this meteor going to come back down to Earth?

And the winner in Iowa is, oh man, it's on to New Hampshire a week from today as Democratic candidates remain in the dark about the timing of the Iowa caucus results.

We'll start with the markets. A stock set to extend yesterday's rally in a big way despite these concerns about the coronavirus.

Dow is on track to erase its year-to-date losses at the open gym. China says unlikely to

affect their phase one commitments. Who says there's no evidence of mutation and that you do need

close contact to contract it? Well, I do think that this is unprecedented, Madam Bundy, that China's ejected.

I mean, this is just the most fierce intervention I've come across.

But I think yesterday the CDC had a press conference, and it was a very good press conference.

They said a lot of things about how it's a public health matter now in our country.

Not really a medical matter because we've slowed it down.

I think they were also gleeful without saying it that the president said no more to people coming from China.

So that he can get their arms around it.

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