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 Monday morning. Welcome to Squawk on the Street. I'm Carl Krington-Aid with Jim Kramer,

David Faber, the New York Stock Exchange. Our opening music is an honor of Kramer, who turns 65 today.

Happy birthday, man. Well, look, I mean, I have some reading to do. Yes. I don't know if you can see it, but this is it. As you tweeted. You know, it's what's really interesting about this, it's impossible to understand. By the way, that's just volume one. It's a coloring book. Yeah. Anyway, thank you very much, but, you know, I've got some, I've got some my work cut out for me, and boy, is it difficult.

There's the end. Anyway, thank you very much, but you know, I've got some, I've got some my work cut out for me, and boy, is it difficult. Yeah, Jim put it on Twitter earlier this morning. Our thoughts with Jim today. Future's a bit soft on this Monday after the best weekly gain for stocks in several months. China tries to get back to work. We got Powell on the hill this week and a lot more. Europe is slightly red. Yields near a one week low. Our roadmap begins with the fight to contain the coronavirus as the death toll surpasses that of SARS, factories and businesses in China trying to resume operations. Plus, we're on deal watch. In fact, we got a few this morning, Simon Properties, buying Taubman centers. Xerox, raising its bid for HP, also goes to a tender offer. And L. Brands during the sale of Victoria's sequel. And the Tesla roller coaster, shares are jumping

once again ahead of the bell. First up, those stocks are set to open a bit lower as concerns

about the coronavirus remain in focus. The number of confirmed cases in China is now well over

40,000, including 910 deaths. That makes the outbreak deadlier than the SARS epidemic of 02 and

2003. It continues to slower shut down retail businesses and manufacturing and a slew of headlines

now every morning about who's open, who's not, Foxconn, apparently opening in Zhang, not in Shenzhen, but in

Zhangzhou. And so we're getting to know Chinese geography pretty well today. Yeah, I think one of the

things that I hear from a lot of retailers is, yes, many of the companies that we deal with have

moved down, except for little pieces of the puzzle.

One person tells me, well, it's buttons.

Another person tells me it's the top of a rod they may be selling it.

So that there's going to be real disruption, not just in tech.

Say 85% of something you were making has left, that 15% is hostage.

So people are very underconfident about whatever they order.

They order a lot before the traditional vacation.

They always get long.

But I think they're going to run out. Not today. But in a few weeks, they're going to run out a product that we know who's big. Supply chain. It's all about what fits in, what is. And there's, listen, granted, during the last two years of the trade war, as you pointed out many times, people did shift. but there's plenty there, there's still.

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