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 Kintania with Jim Kramer at Post 9 of the New York Stock Exchange. David Faber is the morning off. That's stronger than expected jobs number, not doing much to alleviate more selling. S&P futures down about 2.5%. NASDAQ 100 futures have been in a bear market this morning. 10-year gets to 3-9. Oil hits 61 and change on this growth shock. We'll talk to the Labor Secretary in a little bit about the jobs number coming up. Let's begin, though, with China retaliating, slapping this 34% levy on U.S. goods, Jim, and raising questions as to whether or not we're now in a tit-for-tat environment.

Well, I think we are in a tit-for-tat environment.

I think that when you look at what they are going to bang us first, it's going to be ag.

We won't feel that much, and the president and Congress will give them checks because that's what we do as a country, and we've done since 1933.

I do think away from that, it'll be technology.

Already they're starting some investigations that are bad.

DuPont's in the firing line today.

My travel trust owns.

This is an instance where I think that our country is destroying DuPont,

or at least a big part of it, it's 18% of it.

And there's no reason for it whatsoever. We didn't have to do this. But we can go further deep into how poorly

we've handled this situation, and I'm happy to do that. I think that it's a very disappointing

since. For us who favor fair trade and tariffs, we're still struggling with what exactly

they were doing for a position that I've long since held that could have been great.

The botching of it's quite extraordinary.

Your social media post this morning do suggest that you are worried about execution.

You tweeted a picture of a dumpster fire this morning.

Well, I thought that was right. inappropriate.

Okay, so on Wednesday,

October 14th, I don't know if I have to mention the year, Dow was down 3.8%. On Thursday,

October 15th, the Dow was 2.48%. On Friday, October 16th, the Dow fell 4.6%. On Monday, the Dow fell 22.6%. That's where we are, unless 22.6 percent. That's where we are, unless the

president changes course. That's called Black Monday. That's called a 1987. I think that that's

...