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

Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Kinteneer with Jim Kramer at post-9 of the New York Stock Exchange.

David Faber has the morning off pre-market a little wobbly after jobless claims come into the highs for the year on these revisions.

Challenger layoffs higher than expected, all ahead of the jobs number tomorrow

when stocks will be closed, 10-year yield still near that six-month low. Our roadmap begins with

markets bracing for tomorrow's key employment report as jobless claims jump well above 200K,

from jobs to the consumer Costco falling after posting its first monthly comp's decline in almost three years. And

Disney's restructuring rolls on. The streaming chief is out. And former Marvel chair, Ike

Pormald, telling the journal he was fired, not laid off. Let's begin with the markets, though,

as we look ahead to tomorrow's jobs number, the NASDAQ coming off its third straight day of losses.

Goldman last night, Jim said,

don't be surprised if you get a bounce on these jobless claims

because of these seasonal adjustments are rolling off.

Well, I do think that we've got to start thinking

that the last week of March was weak.

I think April's weaker.

I think that the banking crisis resonated with a lot of

many crises, resonated with a lot of employers. I think that we're going to see a lot of reductions in forces.

I think that there's a lot of companies that were built for an aggressive, let's say for a pretty decent year,

and I think that the table of employment is too high for a lot of different companies, except for companies that are in a restaurant and travel,

which is just continuing to do this great master court survey out today,

restaurant travel, restaurant travel.

...