January’s Jobs Picture & AI Disruption 2/11/26

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 11 February 2026

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After a short delay from the brief government shutdown, the Bureau of Labor Statistics has released January’s jobs data. In a better-than-expected report, the BLS revealed 130,000 jobs added in the first month of 2026, and the agency revised numbers previously reported. CNBC’s Steve Liesman and Rick Santelli join Groundwork Collaborative’s Kitty Richards and The Heritage Foundation’s Peter St. Onge to digest the numbers and what they mean for the Fed and for politics. Plus, Ford reported its worst quarterly earnings miss in years, and innovation in AI is taking a bite out of another sector: financial services. Jobs Panel - 16:15 In this episode: Kelly Evans, @KellyCNBC Robert Frank, @robtfrank Steve Liesman, @steveliesman Rick Santelli, @RickSantelli Brian Sullivan, @SullyCNBC Cameron Costa, @CameronCostaNY

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music, please.
0:03.0	This is Squawk Pod, and I'm CNBC producer Cameron Costa.
0:09.0	On today's episode, it's jobs Wednesday.
0:12.0	The U.S. labor market added 130,000 jobs in January,
0:17.0	what economists from different sides of the political spectrum are reading from this
0:21.7	report, with Kitty Richards from Groundwork Collaborative.
0:25.1	I think that this print still demonstrates continued weakness in the labor market.
0:29.6	And Peter St. Ange from the Heritage Foundation.
0:32.6	In terms of looking at where the job market is right now, it's far stronger than many of us
0:37.2	suspected.
0:38.3	Plus what it all means for the Federal Reserve.
0:41.3	I think that's the sound of rate cut expectations dying.
0:44.3	That big headline, plus the stories that got us squawking, like a major profit miss for Ford Motors,
0:51.3	and a new AI tool that's taking a bite out of a new sector,
0:56.3	financial services. This is like the wildfire that sort of keeps spreading to different
1:01.1	neighborhoods. It's Wednesday, February 11th, and SquawkPod begins right now.
1:07.5	Stand by in three, two, one. Cure, please.
1:12.6	Good morning and welcome to Squawk Box here on CNBC.
1:16.1	We're live from the warm and toasty NASDAQ market site in Times Square.
1:20.1	I'm Kelly Evans, along with Brian Sullivan and Robert Frank.
1:22.8	We're in for Joe, Becky, and Andrew this morning.
1:25.1	Treasury yields, shall we?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.