business report," hampton pearson, washington. >>> who better to tell us what all this means, but mario gabelli of gabelli funds. ladies first. diane, you get the first question. in all of the job numbers today, were there any soft spots? were there any signs of weakness in there you could point to? >> well, you know, as good as the numbers were, and i certainly celebrate, the composition of job growth is still very heavily weighted towards low-wage jobs. and we would like to see a reversal in that because we lost a lot of high-wage jobs to the great recession. three quarters of the jobs created since the recovery began have been in retail, manual labor, food preparation where we saw a lot of the jobs created today. in-home health care where we also saw jobs created today. so, you know, although we're grateful for those jobs, a lot of them are part time. there were long-term workers coming off long-term unemployment. that was great, but then we saw a surge in the number of workers having to accept part-time instead of full-time employment for economic reasons. >> so these are sort of the partly

mario gabelli and kass.quawk box" this morning. in the headlines, investors getting set for the wouldstock of capitalism asren buffett's berkshire hathaway holds its annual meeting. >>> delta and american airlines are recently upped its fee for a domestic flight change. it's up to 200 bucks from $150. us airways matched the same last week. a little more costly to get out of that ticket. >>> barnes & noble hopes to boost its nook reader. it is adding google play. that will increase the number of apps available on the nook from about 10,000 for more than 700,000. that's a little bit of help to those people reading on their nook. back to you. >> the s&p, we talked about another record high. joining us from st. petersburg, florida is raymond james chief investment strategist. raymond james doing really well among all your peers almost year after year. i don't know whether you have a better perspective because you're not as close to the trees as all these wall streeters. kudos on that. let's say for the last year

we'll get stock picks for this lofty market with top money manager mario gabelli. >> stocks were so hot

we'll get stock picks for this lofty market with top money manager mario gabelli. >> stocks were so hot so was