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 on the Street. I'm Carl Kinteneer with Jim Kramer and post nine of the New York Stock Exchange. Faber has the morning off. Future is holding on to some gains as Bitcoin recovers a bit further. At the same time, ADP does come in pretty ugly, down 32K. That's the

worst in more than two years. As some economists say small business employment may be in

recession, yields are lower across the curve. Our roadmap begins with the mood of the markets,

as Bitcoin does bounce back at about a two-week high. AI headlines fueling a number of

big tech earnings. Invidias, Jensen Wong,

goes to Washington to meet with some lawmakers on the hill today. And it's a big day for eco-data.

We'll get this fresh read on jobs showing the labor market slowdown is, in fact, accelerating.

Let's begin that with the markets as the major indices, Bitcoin and the tech sector try to build on Tuesday's rebound. Jim, I did see your post this morning sell those that are financing or have

some insider selling. Yeah, well, you know, where we are at this point is we're now in 2000.

I mean, people who don't think we're in 2000, they're wrong. It's just that we want 2000 to be

contained. And what I want people to do don't think we're in 2000, they're wrong. It's just that we want 2000 to be contained.

And what I want people to do is to recognize there are now two kinds of companies.

In 2000 of the companies, they took advantage of the fact that their stock went way up,

and they did convertible bonds, did shelf offerings, and they absolutely crushed their own stock.

This company I ran, which is like, I don't know,

it's a set, poor man is Corey, they offer, here's this is just textbook, 39.7 million shares

price at $41.12 and a convertible bond deal that the people who buy the convertible probably

short the common. People might say they can't, but they don't. Right. And this is exactly the kind of deal that I saw in 2000, and I said, I couldn't sell my shares to the street.com because I was locked up. But I was able to short until the cows came home. Because you see, when you do these deals like this, what it says is, all right, you know,

we got a lot of hope.

You know, hope per share, really a bad ratio.

You know, I press release per day.

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