Good Friday morning again. Welcome to Squawk on the Street. I'm Sarah Eisen with David Faber. We are live, as always, from post nine of the New York Stock Exchange. Carl has the morning off ahead on today's show. Noted investor Dan Niles will be with us as the major averages pays for a winning week. Even as volatility picks up, he tells us why he sees a further market meltup in the

coming weeks. Plus, the CEO of Huntington Bank shares will join us fresh off earnings as concerns

balloon around regional bank credit exposure. That'll be an important interview. But first,

still no data with the government shut down here. So we're looking for these alt data,

you know, searches to tell us what's actually happening,

especially on jobs, because that's a big question mark for the Fed.

Interestingly, the Fed goes into its quiet period,

its blackout period next week ahead of its meeting the week after.

So maybe here are some of the other sources they're looking at to tell us what's

happening on jobs, or at least investors are looking at, the Indeed data. Indeed is the job

hosting site. Okay. So turns out there is, so what we're looking at here and the Indeed data

is interest in holiday jobs. And that is trending higher if you look at

this year. The Purple Line 2025. What does that tell us? More people? There it is. There it is.

As you can see, you know, there's always interest in holiday jobs around this going into the

holiday season, right? Temporary work. And then usually that tails off. That's normal, right? Seasonality thing. But what the purple line is showing is that there's more interest this year in holiday jobs. What does that mean? That temporary work. Is that good or bad? Well, it's a bad sign for the labor market, right? Because it's more people wanting to either pick up more jobs, work temporarily. I mean, when they're out looking for jobs, it means they don't have jobs, and they're looking for other sources of income. So that is something we're watching. We've reported a lot on the slowdown in the jobs market. We have no idea what the September report looks like. But that's potentially a sign.

And what else you got in your alternative data sources here, Sarah? This is very alt. So this is the

Google search. This is from Nikolas and data track. And here, he's looking at Google search

numbers of finding a job and new job. And what he found there is actually they hit 20 year highs,

those Google searches, which tells us something about what people are Googling right now,

which is how to find a job and getting a new job. We have not seen jobless claims tick higher.

That is, people filing for unemployment claims, which would signal layoffs, but we have not received the data in recent weeks. So, I mean, again, we're left with, and you are, frankly, I don't have to deal with this stuff, but it's key for you. Like, you search, you could also argue a really good jobs market where people think there are other opportunities is a reason to put in, hey, I'm looking for a different job or a new job.

We haven't typically seen that during, you know, if you look at some of the Google searches,

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