It's Jim Kramer here. You're listening to the opening bell of CBC squawk on the street. Don't miss a minute of the action.

Good Friday morning. Welcome to Squawk in the Street. I'm Carl Kinteney with Jim Kramer at Post 9 of the New York Stock Exchange, favor as the morning off. future steady as we come off the 30th all-time high of the year.

Stocks shrug off for now. The government shutdown, which leaves us without a jobs number today

and looks to continue into the weekend.

Our roadmap begins with this AI-fueled rally, sending stocks to new highs, but Goldman's David Solomon has a warning about this rally.

Apple, with a rare downgrade today on concerns about excessive expectations for the iPhone.

And as the shutdown enters day three, the president looking to bail out farmers and the

administration freezing more infrastructure projects this time in Chicago.

Let's begin with the markets, though, on a day which would have been Jobs Friday, if not

for the shutdown.

There are some alternative measures, Jim Gouldsby this morning with the Chicago Fed's new tracker says we probably would have wound up around 4-3 unemployment.

Right. I know that we can use the Thursdays and the Thursdays said we're okay.

Look, I think that without some sort of big raw number, the president is the missing factor here. So I think that he

can't say what he would have said if there was a lower employment. Look, I've spent most of the

last two days trying to figure out AI and employment. And I do that because even when I look at

David Solomon's comments, he did say he didn't directly relate it to AI, but we're starting to see it. We're starting to see companies say, you know what, apropos of the Walmart call that you gave, that there are people who are saying, wow, not what do we do, but we're doing it. And and that so it's no longer a work in

progress and people are are not hiring and I think that that's really the

call that we have to focus we did mention yesterday some of the hiring intentions

out of Challenger for September right We're September in over a decade.

Greg Gipp's got a great piece in the journal today

looking at why GDP and employment are separating so dramatically.

They don't always go together, but it's rare they're this far apart.

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