Market Moving Insight and Analysis.

Join Jim Kramer, David Faber and me, Carl Cantonea on the opening bell hour of CNBC Squawk on the Street.

Good morning and welcome to Squawk on the Street. I'm David Faber with Jim Kramer.

We're live from the New York Stock Exchange. Carl's on assignment this morning.

Let's give you a look at futures, of course. This on the heels of what was a weaker

than expected jobs number coming in about roughly 20,000 below, at least the widely shared

views of many of the so-called experts. Moments from now, by the way, we're going to get

reaction from the White House. National Economic Council Director Larry Kudlow will join us,

our former colleague, to talk through the numbers and a number of other subjects.

A couple of things I'd love to get to him on as well, Jim.

But let's get straight to that August jobs report, Jim.

You know, your thoughts on the number overall.

130,000 jobs added.

That was 20 or 30,000 less than expected, at least, given who you were listening

to. Private sector read added 96,000 jobs. Participation rate was up two-tenths to 63.2%. That,

by the way, is a high since 2013. Hours worked rose 0.1%. That was somewhat expected. It's at 34.4. So overall, your reaction?

Overall, it remains a market where if you want a job, you can get a job. And that's an amazing economy, 3.7%. We've got to get used to that.

What I'm really shocked at is that I hear people talking about what the tariffs would do,

even previous show. Look, when Smooth Holy came in, when we did real big tariffs before President

Roosevelt really tanked the economy or was a participant tanked economy along with the bank failures,

this is not bad given the fact that the president's drawn a lot on the sand versus the

Chinese. I wouldn't expect it to be this strong. Now, of course, you can say, well, listen,

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