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

Don't miss a minute of the action. Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kintan, I'm David Faber, Mike Santoli at the New York Stock Exchange. Kramer is the morning off. Futures are trying to hold some gains here in the face of surging labor costs stated today nearly double the estimate.

Higher yields is the long end now plays catch-up 10-year 408 and the long bond at four.

A roadmap's going to begin with this monster quarter, though, for Salesforce, delivering that upbeat forecast, boosting the buyback, coming out swinging against activists.

Plus Tesla's ho-hum master plan unveiling. Elon Musk meets investors, but

offers few specifics in terms of new car models or even financial projections. And the retail gauge

of the consumer, we got Best Buy, Macy's and Burlington stores all reporting earnings.

Let's begin with CRM, though, surging in the

pre-market. The Dow component posted that quarterly beat, issuing revenue guidance above

consensus, doubling the buyback to $20 billion, as those activist investors have been seeking

changes at the company. Last night on Mad Money, Mark Benioff, told our Jim Kramer, it is full

speed ahead when it comes to accelerating profits.

We have hit the hyperspace button and we decided it's time to go. We weren't going to wait

two years to fiscal year 26 to deliver this proper profitability acceleration. We were going to do that

right now and that is what is happening.

As far as the guidance goes, guys, it's that operating margin guide of 27 streets just around

22 has sort of the bulls licking their chops at the magic number of 30 we've been waiting

for for so long. Yeah, the sense of urgency that was expressed in the cost-cutting campaign,

fattening the margins at an accelerated way, that was the whole story. And, you know, the bear

case, and it was wrong for 15 or 20 years on Salesforce was on the way up. Now it was a roll-up.

It was just sort of badly integrating acquisitions, but also that it was run for the employees right it was this very generous sales culture within sales

force well here's what's going to happen uh in the coming fiscal year according to need him um sales

...