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

Good Friday morning. Welcome to Squawk on the Street. I'm Carl Cantonea with David Faber, Sarah Eisen at post-9 of the New York Stock Exchange. Kramer has the morning off.

Futures do lose some opening gains as yields pop on this hotter than expected wage number

in the jobs data, although we've back in the green, biggest year on year rise since last February,

10 year just south of four and a half.

A roadmap begins with big tech's big AI spend, Amazon calling it a once in a lifetime opportunity.

Meta shares continue their record run,

eyeing 15 straight days now, gains. Plus, Doge may be stalled. Federal courts are blocking

Elon Musk's team from accessing some Treasury payments data, and they are delaying the federal

worker buyout deadline, at least into next week.

And Energy's Trade War Risks. We are joined by the brand new U.S. Energy Secretary to discuss it all this hour. Let's begin with market reaction, though, to the jobs number today. 143 is a little bit shy of the 170 we were expecting, but the unemployment rate does fall to 40.0. The wage number, five-tenths,

looking for three-tenths, and then the year-on-year at 4-1 did cost some reaction in treasuries. The headline number a little bit softer, but details beneath the surface show

a strong labor market. I think that's your headline this morning. What's the bond market reacting

to? Well, wages, with that 0.5%

monthly increase, as you said, was the most we've gotten in about a year. So now we're at 4.1%

wage growth from last year. It's a little bit hot. If you go beneath the surface where the jobs

are, where the jobs aren't, look, I think, you know, you see it in the services sector.

For now, government, I noted, added jobs. Government sector employment rising 32,000, which is

actually strong and could be the last of the strong reports if, you know, some of those federal

buyouts go into effect. Healthcare did the most hiring as far as sectors, retail trade, social assistance, all strong.

Jobs were lost in mining, boring, oil and gas extraction industry, education and health, big part of the jump.

And manufacturing added 3,000 payrolls, which actually jibes with the tick-up

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