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 Wednesday morning. Welcome to Squawk in the Street. I'm Carl Kinteneer with David Faber,

Mike Santoli, post-9 to the New York Stock Exchange. Kramer is the morning off.

Futures do bounce here on this job's Wednesday, and it's a barn burner.

130K, about two times the estimate highest since April

unemployment ticks down a tenth but those revisions take the average job gain

for last year down from about 49k a month to just 15 our roadmap begins with

this strong jobs number what it means for the future of Fed rate cuts plus brokerage

stocks the latest

to get hit over fears about, hey, how AI will disrupt that industry. And there's a developing

story that we're watching closely. The FAA closes the airspace around El Paso, Texas for 10

days. We've got some new headlines crossing on that. Let's begin, though, with

market reaction to this jobs number and the revisions that we just got. 130, as we said,

is the highest since April for job gain, although almost entirely, Mike, private education

and health care. Retail adds only one, and leisure hospitality adds only one.

Yeah, and obviously that's been the underlying long-term trend.

Still being taken by the markets as a positive, a sign that the overall labor market is holding together,

especially given a lot of the demographic and labor supply headwinds.

Market worked itself into a point of anticipating a much weaker number, not just the past revisions,

which were lower than expected, but also, you know, the bond market started to rally,

you got yields low, you had the two-year kind of pushing its lows for this cycle, and this at least

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