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

Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintanaia with Jim Kramer, David Faber, Post 9 of the New York Stock Exchange.

Futures getting a boost today from a blowout September jobs number. 2504,000 beats even the highest estimate on the street. Unemployment down for a second

straight month to 4-1, got some positive revisions. A roadmap's going to begin with the

stabilizing labor picture. Far more jobs added than expected. What that could mean for the fed's

rate cut path ahead. Plus, the port strike comes to an end, but the container ship backlog remains.

We're going to be joined by a key White House official

who helped both sides get to that deal.

And of course, we're keeping an eye on EVs.

Tesla's got a debt sale.

The EU slaps big new tariffs on China-made cars,

and Rivian shares are under pressure

this morning after that company cut its guidance. Let's begin with the market reaction to this

jobs report. Household survey, Jim, up 430, and we say 4-1 on employment. It's actually 40-5-1.

It's a strange number because we do see these areas the pockets of

of great strength but they're the ones that usually find when when things are slowing down

I mean health care acts 45,000 jobs I thought this is interesting the average work week for

all employees is down point one David even though the wage increases point four, maybe that's why people

just kind of say, you know what, this is a good number, good number for the stock market,

because we're not having, we're not having stack inflation.

All right, well, yeah, go back to that for maybe, because you see a number like this,

which is far ahead of expectations, the unemployment rate falls.

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