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

Good Friday morning, welcome to Squawk on the Street. I'm Carl Kintanao with David Faber, Sarah Eisen at the New York Stock Exchange. Kramer's off today. Future's red as the sell-off from the president's trade announcement still echoes. Jobs number in line, 164K, but revisions are weak. All three indices could post their longest losing streak today since

March. Europe and Asia definitely catching up to us. Dax is down nearly three percent in the 10-year

at 186, now the lowest since Trump was elected president. Our roadmap begins with stocks moving

lower ahead of the open. Investors digesting these trade war fears, the latest jobs numbers,

the uncertainty about the Fed's

next moves.

Plus, Trump tariff threats the president promising to, quote, tax the hell out of China until a

trade deal is reached.

Plus, oil prices recovering after their worst trading day in four years, both Exxon and Chevron

moving higher after reporting quarterly results this morning.

Along with those inline results for July payroll gains were revised downward for both May and June.

The unemployment rate held steady at 37 for a second straight month.

Wage growth, 3-2 from a year ago, but manufacturing week.

Year-to-date average there, guys, 8K versus 22K last year.

And Santelli pointed out manufacturing work hours, the lowest since 2011.

So we know where this is all coming from.

And we're continuing to get a tale of two economies.

Overall, it was a healthy jobs report.

Came in right in line, better participation, better wage growth.

I mean, a lot to be encouraged about.

But yeah, there are pockets of weakness. Private sector is one of them that people are pointing

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