Much Better Jobs Data

Good morning. Futures are very positive following the jobs report which showed only 11,000 jobs were lost and a 10% unemployment rate.

In other news, China hints at sticking to dollar despite worries, Obama promises immediate action to spur hiring, House Democrats want TARP money for jobs initiative, FDIC’s Bair may give banks reprieve from higher capital rules, the Treasury's refusal to sell its stake in Citigroup is hampering the bank's plans to repay TARP, the House votes to restore estate tax and VIX call trading jumps to record.

Read more of my premarket report.