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 Kintanier with Jim Kramer, David Faber, the New York Stock Exchange.

Futures holding on the gains as the jobs number comes in solid, 136,000, just south of estimates,

wages up to nine year on year, is down from 3-2, which will give folks something to debate

today regarding the future health of the labor market. Europe is green, 10-year yield inches

back up to 154. Our roadmap begins with the latest key read on the economy. Jobs. Unemployment

hits a five-decade low. Stocks are set

for a positive open to close out what's been a volatile week. Plus, more phones, please. Apple reportedly

increasing production of its iPhone 11 models by about 10 percent. The shares are rallying

ahead of the belt. Also is capitalism as we know it dead, or how much wealth is too much?

Some surprising thoughts from Mark Benioff and Mark Zuckerberg today.

That's coming up.

We're going to start with the jobs number, though.

Obviously, 136 is a good number.

The unemployment rate down to 3.5, lower since 1969.

Retail loses 11K, Jim.

Manufacturing loses 2K, but government up 22.

Look, this is a number which says to me that the Fed can still cut because the sector that's

being really stagnant is manufacturing, and a lot of that is the fact that the dollar is so strong.

I mean, even, it's very interesting on the Costco comps yesterday, talked about, hey, listen, we got these tariffs, but don't worry about it. You see, because the dollar is strong in the Chinese currency's weak. It kind of makes up for it. I mean, that's something we have to be thinking about, that we continue to lose because of the currency. So that gives the Fed to reasonability to move. I don't like

that it's all health care again. It reminds me the old economy that health care adds. Well, it's also

a lot of government workers potentially for the census. Steve Leaseman was taking note of the fact

...