Market moving insight and analysis join 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 Kintania with Jim Kramer and David Faber post nine of the New York Stock Exchange.

Futures somewhat steady on this Friday as the market absorbs the Netflix quarter, these layoffs at Alphabet, and the final blast of FedSpeak

before the blackout window begins. Big options expiration today, by the way. Our roadmap begins

with Netflix smashing subs growth, a leadership shift, and the stock is surging.

Plus tech layoffs, while they are spreading, Alphabet is going to be axing 12,000 employees,

wayfair cutting about 10% of its

workforce. And Elon Musk called to testify, expected to take the stand as soon as today in that

trial over that 2018 fund secured. Let's begin with Netflix beating expectations by adding almost 7.7 million subs in Q4.

Company also announcing some changes in the C-suite.

Reed Hastings has stepped down as co-CEO, staying on as executive chair.

C-O Greg Peters has been elevated to co-CEO, serving in that role alongside Ted Sarandos.

Here's what Hastings had to say about those moves on the earnings call last night.

I couldn't be happier to complete our succession process.

It really started about 10 years ago with the board, trying to think through how could this

work.

They both have such amazing talents and gifts. And to find a platform where they've been able to contribute is fantastic.

As he said, after 21 years, they've had a good start, Jim. What a clinic they put on last night.

It was truly joyful. It was definitely

Super Bowl worthy, and I think the one of the things that really amazed me was that they were

going to do a session for 10 years. I mean, David, they know how to do a succession. They are

successful successions. Yeah, no, and it's not unimportant, something we do talk about, but certainly

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