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

Good Wednesday morning. Welcome to Squawk on the Street. I'm Carl Kington-Awo and David Faber at Post 9 of the New York Stock Exchange. Kramer has the morning off.

Bulls trying to make it four straight gains after yesterday's action. Best day for the S&P since early June on more signals.

The labor market is normalizing. ADP is a miss, so has revised

Q2 GDP. Ten year 410 is about a three-week low. Our roadmap this morning begins with the

economic data. Job growth slowing sharply in August. Plus HP Inc. is the biggest laggard on the

S&P. It's posting its third straight revenue miss. That's the longest

streak in almost eight years for that company. And we're keeping an eye on Hurricane

Adalia, making landfall in Florida. It has been downgraded to a category three storm. We will get

some live reports and what's going on there. Let's begin with the markets, though, and the Fed in light

of this morning's eco-data. As we said, ADP 177, we were begin with the markets, though, and the Fed in light of this morning's

eco data. As we said, ADP 177, we were looking for 200K, David. That's the lowest since March.

Not everybody watches it, but certainly coming on the heels of jolts. Some people will take it.

Yeah, well, jolts yesterday was jolting, I guess, to a certain extent, wasn't it? We were on.

We watched those yields

decline fairly markedly on the longer end, but overall. And the market had quite a strong day

yesterday. The question, of course, coming into today is can we continue, but particularly

sort of the higher multiple mega-cap tech names and just in general, NASDAQ comp, having a very

strong session.

I know you've been watching NVIDIA and sort of what the action post-print sort of told us,

but up 6% first three days of the week.

Yeah.

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