Market Moving Insight and Analysis joined Jim Kramer, David Faber, and me, Carl Kintania, on the opening bell hour of CNBC Squawk on the Street.

Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kinktonia with Jim Kramer, David Faber at post nine of the New York Stock Exchange.

Stocks are adding to the best week of the year as October jobs comes in 150,000 that's below almost every estimate with some negative revisions.

Bond yields are tumbling. Two-year now the lowest since Labor Day.

A roadmap begins with the softening in the job market and some Fed expectations.

U.S. employers scaling back there, hiring in October, adding 150,000.

Plus Apple's drag, the iPhone maker posting his fourth quarterly sales decline and providing a

somewhat soft outlook for revenue in the December quarter shares a bit lower ahead of the

open and the verdicts in FDX founder Sam Bankman-Fried is found guilty on all seven criminal

counts against him he's now facing the potential of 115 years.

Oh, it's all, just 115. Right. Executive sentence. Sure. Let's get to the jobs number, though,

as we said, 150,000. Unemployment ticks up to 3.9. Average hourly earnings year-on-year is a new cycle low, lowest since June of 2021.

Got some losses in manufacturing.

That's the strike, Jim.

Yeah, the strike.

I think that health care is back being big again, government being big again.

I will say that when I go back in the way back, we just used to have these people come on, constantly

criticized Powell that this wasn't happening.

And remember during the Omicron, he was being too lenient, not being tight enough.

Dave, we don't talk about that anymore.

We talk about how maybe he's being too constrictive.

And I think the answer is when you look at this number, he's just right, Mr. Goldie Lucks.

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