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 Kintanilla with Jim Kramer, David Faber,

post nine of the New York Stock Exchange. Futures are fairly steady as jobs come in roughly in line.

$227,000, the unemployment rate ticking up to the highest since August.

Yields are lower. Ten-year hits 4-14. That's the

lowest since mid-October. A roadmap begins with the jobs number, non-farm payrolls, as we said,

above expectations. Unemployment goes to four-two. Plus, Elon Musk and Vivek Ramaswami are meeting with

Republican lawmakers to discuss their Doge plans. We'll give you some of the details.

And Lulu Lemon, you just heard from Dom as well, one of the top gainers on the S&P this morning. That follows a beat on the top and bottom lines. There's its CEO, Calvin McDonald. He's going to join us live right here at Post 9. We'll talk about the quarter. Let's begin, though, with the jobs number today. Interesting internals, Jim.

The six-month annual rate goes to a cycle low, 108. Yeah, look, I think there's a lot here for, that would have meant to me,

thought rates would go higher.

Rates are down.

Where people are being hired is what I like to look at.

And this travel and leisure, this hospitality component, which to me is something that if I were

J-PAL would be concerned that obviously people have a lot of leisure, a lot of leisure money,

David, these are the kinds of things that I can say, you know what, if you want to cut,

go ahead.

But this is pretty good economy. And don't make it

too hot and don't make it too cold by your own means. Be happy. Don't you got this plan to cut,

but then say, hey, listen, we ought to wait and see. And that's not bad. Don't you think that

kind of is what Powell indicated in that conversation he had with Andrew the other day? Yes, but at the same time, there's still so many people expect a lot of cuts next year. And I'm more concerned with what the majority's thinking than I am concerned with what people, what he's saying, because they seem to not want to get off the snide of, listen we're going to need more cuts this is a good

economy yeah uh as you say up 53 000 carl in november for uh leisure and hospitality health care

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