Market insight and analysis. You're listening to the opening bell of CnBC, Squawk on the Street. Good Friday morning. Welcome to Squawk of the Street. I'm Carl Kingtonia with Jim Kramer, David Faber, post-9 of the New York Stock Exchange. Big consequential day between a possible SCOTUS ruling on tariffs, oil CEOs to the White House, and of course, December jobs, which do come in light at 50k unemployment drops a

couple of tens to 4-4 10-year pops to the highest level since Labor Day briefly crossing above

4-2 our roadmap begins with the first up-to-date in jobs number since the government shut down

payrolls do miss the mark but that unemployment rate does dip president Trump is scheduled to meet

with the top oil CEOs at the White House.

That'll be later today.

Of course, they will discuss the rebuilding of Venezuela's oil industry.

And the Supreme Court could rule today on the legality of President Trump's tariffs.

Could be as soon as this morning.

It's a decision, of course, that will have far-reaching impacts on trade policy and even the U.S. fiscal situation.

Let's begin, though, with the jobs number this morning. Jim, we mentioned 50K total. Private 37 also comes in a little bit light.

Yeah, we just don't have, we have sectors that don't seem to grow. I mean, health care we do. And look, health care has always been regarded as a drag on the system, although I want to see what I was, ACA and Senate. But retail, I always look at retail, and it's like down 25,000 in December. Not good at all. Food and drinking places, not that strong. I look at these numbers, and just think, yeah, and yet there's no doubt about December was a strong month in retail. We're getting that over and over again, Matthew Boss today confirming that at JP Morgan. So it's hard to figure out where the strength and weakness is, but overall, maybe that's why rates didn't move that much. I don't know, David, I look at this number.

I'm going to...

Wait, what's the matter?

I'm just taking a closer look, too.

Yeah, I'm taking your numbers.

You ought to look that before. So I checked it out before I came up. I was busy doing other stuff, all right? All right. Well, that's... I leave the jobs to you. I feel better about that.

Yeah.

So you tell me.

What was interesting about this was, I'm going to say something

that you're not supposed to say in the news business.

In consequence.

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