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 David Faber with Leslie Picker and Mike Santoli.

We're live from Post-9 at the New York Stock Exchange. You just had a look at futures. Joe called it riveting.

Tend to agree. Yeah, that's really. That's very exciting right there.

But our show will be exciting, unlike perhaps what the market looks like. So, you know, that's riveting, even if it's not moving much. If it's getting Mike Santoli excited, then you know you've got something going on. Let's get to our roadmap. It does begin with continued job market resilience, not slowing the tech stock rally, Microsoft, Amazon, and Alphabet, all set

to notch new highs at the open.

Plus, Tesla's bounce back shares rallying again on track for an eight-day win streak.

It's the longest since June of last year.

And the Labor Landflide, the UK's opposition party winning a huge parliamentary majority in the country's general election, unseeding the conservatives after 14 years.

All right, let's get to that June employment report. Non-farm payrolls rose by $206,000. That was ahead of forecast. Job growth estimates from May and April, though, were revised

downward. The combination there of those two months, 111,000 fewer jobs than had been previously

reported. The unemployment rate hit 4.1%. And according to Rick Santelli, when I was listening

earlier, last time we saw that number, or that high, was November of 21, looking through the report as well,

and obviously they analyzed it at length on Squawk Box, 74% of the jobs, government education, and health care.

And Mike, listen, we've been paying attention, of course, to yields in the bond market this week in terms of potential tell.

I'm curious to sort of get your take on both the employment report and the impact on the bond market and

hence the stock market. Yeah, the net takeaway is it's softer than not under the surface.

So downward revisions of the prior two months of more than 100,000 jobs. There had been this

somewhat perceived disconnect between the payroll report and the household report,

household, which drives unemployment rate, somewhat weaker.

So there's been a little bit of convergence there.

Yeah, private sector job creation was below expectations,

...