blowout. >> maybe we can't count on europe forever to keep us deflationary. we start at 5.8, we should not be at zero. >> interesting to watch gas prices today. interesting statistic. carl will talk about it in a moment. have a great weekend, everybody. see you monday morning. right now it's time for "squawk on the street". ♪ i got work to do ♪ i got a job baby ♪ i got work to do >> good friday morning. welcome to "squawk on the street." i'm carl quintanilla, jim cramer and david faber at the new york stock exchange. 321,000, the november jobs number blowing away estimates. biggest gain in almost three years. futures did take a delayed bounce on that news. bonds take a hit. yields back above 2.3. big question is the fed now in a box. our road map begins with the markets within range of new

records. dow 18,000 in the cards. the economy on pace for its strongest year of job creations since the '90s. >> retail rift. we'll see how deep the sales split goes. >> starbucks new retail concept that has many investors buzzing about the business beyond coffee. first up in november, nonfarm payrolls up 321,000. that did beat forecasts of 230,000 september and october revised higher. private sector added 314,000 jobs last month. unemployment rate holds steady at 5.8, average hourly earnings was maybe the star of the show. that's the biggest since june 2013. you heard becky, joe and andrew talking about implications for rates. >> i love the goldilocks scenario. we don't have it today. this is just a strong number. i like goldilocks because that says you don't have to worry

about the federal reserve. there is still enough you might get excited. this is an economy in growth mode. we don't want to get in wage inflation. i rarely come in here and say listen, you worry about the fed way too early. we are on pace to hear what the fed has to say. we are going to start tightening. don't be alarmed because the economy is that good. we'll try to get back to normal levels. the beginning shouldn't destroy the stock market. earnings should come through. >> has yellen laid the ground work saying things like the market will go into a period of heightened volatility? >> i think yellen has done a good job. she is very data-dependent, but the data is hot. >> it does seem to be. there are people who are also focused on productivity, wage growth finally. 0.4% is what we got. >> year on year is 2.1%. that's going to take care of

inflation. >> yes. >> would you see the future's up but the market has been up how many days? >> nasdaq up 8-9, 9-10. >> anticipating good numbers. you have people say wow, that is a good number. no. that is a good number. that's why you bought the stocks. there could be a shuffling. part of the market that is inexpensive financials. the banks not insurance companies. that will draw money. it's possible though the soft good plays like proctors and pepsicos, coca-colas. >> you were saying before the show, you don't maybe need to be in kellogg at this point. >> no. kellogg has been a company floating up here mostly because

of buybacks and dividends. if i'm going to get a higher return in the bond market eventually, why do i need to be in kellogg? they're not growing. there should be a shift. you have to watch the high quality companies like a proctor to see if that doesn't start going down. it doesn't make sense to own proctor in this environment. i really like the company. >> we talked about this potential environment for quite some time. feels like we had this conversation many times to have to revisit it again and again. >> senator cruz shut down the government. this will be, we'll start hearing -- that was the last good number. there's been a push me/pull you. i'm not being dire. i'm saying the rotation will continue. rotation out of these companies. i'm going to pick on a company i like very much. clorox. it's terrific. how clorox is selling at a huge market multiple versus apple is insane to me. it's got consistent growth in an inconsistent world. it's got a big buyback.

how about a consistent world and who cares about the buyback? and a 3% yield when i can own wells fargo and go to 60 in a heart beat here. >> one movie favorite comments, one of our viewers draghi, i'll have what she's having. when you think the rest of the world? the bunds bank cut their forecast. >> it's halcyon days for america. i don't put make-up on. dave has to put on a lot of make-up. the income disparity numbers. you read these. the income disparity is such that i think when you start saying happy days are here again, there is still millions of americans who say what are those three guys in the expensive suits down there saying?

>> you can understand there are income disparities that are remarkable. >> and it's a long term issue. one we'll deal with for many years to come. >> i hope we have enough jobs created. lyndon b. johnson used to talk about this endlessly. if we have a booming economy and everybody gets a job. he was an old-time democrat. that ethos is gone. >> i come back to the other themes which is oil prices. one wonders how much money will go into capital increases for these companies to continue to drill and will that result in job losses? what has been an enormous engine for job growth the last five years. >> it's a transference of wealth

within our country and within the world. transference of wealth went to texas. it went to north dakota. i talked with brian sullivan last night. everyone feels they are geniuses there. i can put up a hotel and charge $ 00 a night. if oil goes to $50. >> there is a big piece about alaska and subcities there. >> alaska, if anyone was there in the down turn, it did not help people who lost their jobs. >> did you nail the number? we asked you tweet us your predictions for november. the winner will receive a cnbc 25 commemorative book autographed by the "squawk on the street" gang. we'll announce the winner later in the show. we'll get some reaction from the white house this morning to the jobs numbers.

we'll talk to jason furman, chairman of the president's council of economic advisors. goldman and barclays went down to 200 and 220 below consensus because they were worried about the cold weather. activists, cardinal, bard, eli lilly, pfizer and yes, of course, bristol-meyers. >> a lot of the pharmaceutical companies and device companies. >> those should be under pressure if i'm right the economy is really strong. that's where i would be concerned.

that's what you want to watch. mckesson. guys say imneigh cardinal. what does cardinal do? it's a health care company. people don't know what they are, but they know it goes higher. >> we've got retail news this morning. gap with 6% increase in comp sales for november driven by 18% at old navy, american eagle out fitters in line but guidance below wall street expectations. ulta salon. everybody is talking old navy. stern calls it young navy. >> that is the most radically inconsistent company. i cannot deal with that. they are a giant oscillator. you did warm my heart with the

mention of another company. barry dillon of ulta took this company over july last year. the company went from 131 down to 80 in a six-week period. now she is going to take out the all-time high this morning. how does she do it? hair care. you go to ulta. in the back is the beauty salon, the parlor our moms call it. >> my grandmother. >> those people spend 2 1/2 times of what other people who don't use the hair salon spend. >> what do they have 9 1/2 comp store sales? >> 9.5% against a very high number last year. ulta is where you want to be. and the ulta rewards program is one of the most successful. howard schultz is probably

jealous of it. they are killing the mall. they do a lot of stand-alones. the department stores like jc penney, they're killing those customers. you go to jc penney, sephora, no, you go to ulta. >> you've been preaching that gospel a long time. >> even in this market. >> have i been wrong about ulta? >> no, you have not. >> a lot of talk about starbucks' game plan in the future. it goes beyond coffee and tea. also ahead, why he is upbeat about netflix' long-term prospects. take one more look at the premarket. jobs well outpacing expectations with 321,000. unemployment steady 5.8. new cadillac.... ♪

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starbucks unveiling a five-year growth plan yesterday.

among the highlights, plans to add new stores, menu offering, more alcohol, mobile ordering and delivery service. the company plans to double revenue by 2019. howard schultz on "closing bell" this afternoon. boast "the times" look at the roasting room. >> howard told me this is his willie wonka dream come true. >> you explained yesterday what it was. i read the stories today. >> it's a theme park devoted to the greatness of coffee. i see howard coming down the pike here saying, you need more convenience. we'll wand your cell phone and buy. it's almost like i remember growing up and i was surprised to find out that there was wine that was actually dated. wine was no wine before its time. >> sell the wine. >> and there were vintages.

you start seeing there's boutique coffees. howard figured that out better than anyone. he offers vintage, regular coffee, it's a cathedral devoted to coffee that sounds fun. i think this is a template. >> they are calling it evening menus, rolling out at 3,000 cafes, the goal to double u.s. food revenue, as well, to 5 billion in five years. >> consumer packaged goods. can i say, he's been saying this stuff to us for two years. people are like yeah, yeah. but the price of coffee. he said this is not my first price of coffee rodeo. >> was he too optimistic when he told us europe was turning? >> no. he nailed it. the one in prague, hungary.

that vienna one you went to? the guy's got a remarkable head for this stuff. we are not hostage to coffee. we are not hostage to the drive-through, we are not hostage to the long lines. we are in charge of our own destiny. i find the valuation range $94-96 by wells fargo, the best of the research piece this morning. >> you'll follow this into the $90s. >> my charitable trust owns it. not budging. this and nike. the two senior growth companies i feel most confident recommending other than disney. i just do that to curry total favor with bob iger so i can be on espn now and then. >> you are. >> you can do that without currying favor with him. >> i'm going to be bout out of fantasy because cutler had 38 against me. what does that say? >> nothing good for you.

>> uber is in talks to sell more than $1 billion in convertible debt after the ride-sharing service raised $1.2 billion. funding values them at $40 billion. a lot of discussion how that is bigger than delta airlines. >> i'm so tired. merck is bigger than gm. >> we can do all those comparisons. this appears to be poised to be another great growth company conceivably. it's not inconceivable you'll talk about ipos with the likes of facebook. i don't know what the underlying numbers are because we don't have them. i can't give you a revenue number. we can only go with the company saying it's up six-fold in a relatively short amount of time. when i talk to some hedge fund guys who do private investments like so many decided to do, suddenly they are all experts in

venture capital. many are excited by the prospect of it. they may be completely wrong. >> we saw the gentleman behind it. he was like a hugh hefner figure. and travis. >> we know what he said about the company. >> can i call you trav? it was $18 billion at that point. i said isn't that absurd? no. it was the time to buy, not sell. my money is on trav. he said do you use the services? i love the service. what does that say? that convertible is an interesting deal, then you buy the stock at a discount off the ipo unless it doesn't go public. >> yes. that seemed like an answer to a lot of people's prayers how to do a deal. >> we know these companies are staying private longer than they have in the past.

this has been a trend for quite some time. facebook some of us argued stayed private too long and missed a growth spurt, then they got it back. man, that is a big number. i can't help but make the annoying comparisons. >> this is the problem we had in the '80s. there was -- pfizer. it's worth $7 billion? that's insane. >> isn't the trick to know which valuations are claiming that don't deserve it? >> right. we've been going over the march 15th nasdaq 100. there are some companies in there that didn't exist that were valued at high level. uber definitely exists. it is a functional, terrific

thing. >> it isn't as though it doesn't have competition. >> no. neither did google. we'll talk about google later. google is a recipe for understanding the other side. i think google is very expensive. my trust owns it. clearly concerning today the downgrade. >> we'll talk about that and get cramer's mad dash in a minute and countdown to the opening bell. one more look at the premarket where the jobs number truly did impress. your fidelity green line and you'll see just how much it has to offer, especially if you're thinking of moving an old 401(k) to a fidelity ira. it gives you a wide range of investment options... and the free help you need to make sure your investments fit your goals -- and what you're really investing for. tap into the full power of your fidelity green line. call today and we'll make it easy

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it's time for the mad dash. want to talk google/yahoo. >> it doesn't necessarily inform but gives a coincident. they are saying google's numbers are too high. they are downgrading google and upgrading yoo-hoo. why do i call this coincident and not breathtaking is because you could have done this a long time ago. perhaps when yahoo was at $30 and google was at $600. this is explaining the obvious which is there is a lot of competition for google and european regulatory. i went over this last night on "mad money." this european commission is real. it's a real pain in the butt for google. apple has come on strong. yahoo, they are the silver spoon. they were born with a silver

spoon of owning some alibaba. you have to be careful selling google. it's an inexpensive stock. google has been cavalier. it doesn't seem to believe the portal is a logical way to judge a company. google is being hit for its arrogance. it has the ability to monetize whatever it wants to. >> doesn't have a very high multiple. >> when you bang out the cash it has a blowout multiple. this could have been written a while ago and have more gravitas. >> we'll hear from yahoo in the not too distant future. they told us about the plans for alibaba. a lot of speculation of things you could do including spinning off yahoo core business, leaving alibaba on its own. spinning yahoo japan, as well. it's talked about. doesn't mean they are going to necessarily say it.

>> okay. i was talking about playing eli manning versus dalton this weekend. same thing. >> got it. same thing. whatever he said. we have jason furman coming up. you can bring back a lot of things

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you are watching cnbc's "squawk on the street" this friday live from the financial capital of the world. we'll get the opening bell in about a minute. if you're just joining us this morning, the jobs number was a clean beat, 321,000. the estimate right around 230,000. that's the biggest gain for jobs in this country in almost three years. it takes the three-month average to 278. the rolling average is getting close to a three handle. >> i remember from our conferen conference, they talked about a rate of four not going with europe which was pressuring everything else down.

this is very happy days are here again kind of number. it feels very '90s like. you could have rising rates and rising stock market. you had to get used to that first. we'll get used to it. >> there is the opening bell. a look at the s&p at the top of your screen. down here at the big board, aol celebrating five years of trading on the nyse. tim armstrong on the balcony. on the nasdaq sbac communications. >> sbac, they are annuity streams. the shorts have been all over those. you see them. they are those crazy christmas trees that are like phony, you know, like on the garden state? you ever take the garden state? you see the towers that look like trees? those are money trees.

those are called dollar trees. >> we'll get to that in a minute. we are not ready. >> it was a segue. >> it was very well done. >> at the open, would you expect some of the high yielding discretionary consumer names to take a hit? >> yeah. >> do not take this personally, but if pepsico goes up big today, i have not figured out this market. if dr. pepper goes up, if j&j goes up, i've got to rethink my game. they should stay here. i like every one of those. no one should take it personally. >> some of these companies,

let's talk about northrop grumman. it had 300 million shares five years ago. this is a buyback. these guys buyback stock like there's no tomorrow. it's not like the rest of the world is depending on the united states to defend them. they are getting big defense orders from overseas. as the word is out, the united states can no longer be rome. the old rome. i like northrop. someone downgraded lockheed. give me a break, will you? >> a post the cfo wrote about buybacks, arguing it's a false choice to think we can't invest

and buyback stock or raise dividends. >> it involves return of capital. >> reduction in underlying shares be the way they make earnings per share numbers. >> if your stock goes higher, in my book, i find reasons to like you unless it's being done in a steroidal fashion. if your stock goes lower and earnings are totally a function of buying back stock, i have a harder time. a polite way of saying why i don't like ibm. look, i have companies going like weeds with very good business judgment. putting money in the right places, how can you not like them more than ibm? honestly. >> honeywell's response would be we can be reliable. she finally did get rid of the

five-year plan. >> let's stack it up against what meg whitman is doing. meg whitman recognizes fix the balance sheet, return a lot of capital -- >> they haven't returned a lot of capital. they fixed the balance sheet at hewlett-packard. >> let's put hewlett-packard and ibm at the same baseline. one's done it one way and one has done it the other. t i cannot wait to have that piece of paper. >> another way hewlett-packard has done it is by cutting costs significantly. frankly, the split of the company still a long way away is yet another opportunity for them to really look at costs even more closely. there is nothing wrong with that. that's been a key driver here. margins have gone up in hewlett-packard consistently since meg has taken over. >> right.

ibm has not been a great stock. just not been. >> let me pull you to some of the retail names moving. american eagle five below. just like the names yesterday down double digits. >> you go below the five conference call. >> i still have no idea what it is. >> it's stuff $5 and below. >> now i get it. thank you. >> you call it one and above. >> got it. >> everything is great. then it says the weekend after thanksgiving was bad. that was it. it didn't matter what else they said. those are days -- didn't we see someone have saturday, mall peaks. it was not so super for five below. okay? >> they are saying december

20th, supersaturday they call it may outpace black friday. >> it sure didn't for five below. it was subpar at five below. >> j. crew has questions to answers this morning. the write-off. >> yes. they have to report certain things. they have publically traded bonds. we get a look at the company. it's tough out there. it's tough in apparel. period. >> then why is lesley wexler doing so well? why? >> i don't know. >> i think some people do it better than others. >> mickey drexler doesn't do it well? i'll put my drexler up against your wexler. >> mickey -- i'm talking about aeropostale, american eagle versus l brands. mickey is in a class by himself. why did you put me in that box?

>> i enjoy watching you turn circles here. >> mickey said the american mall has become cookie cutter and it is tougher to find those grade a spaces. >> that is what howard schultz is doing. he saw it earliest. that's why starbucks is doing things right. mickey drexler bit the bullet on some of that real estate. his stores are exciting for me. j. crew is exciting for me. these teen apparel stores still doing that thing, if i want a six pack i'm going to buy molson or bud. >> victoria's secret is exciting for some people, too. >> i wouldn't know. >> guys feel like they shouldn't go in there, but guys are going in there. >> getting out as quickly as possible. >> tyson. that's going to be one of the top gainers.

>> you pay enough, you pay up, you pay up, you're supposed to do badly. tyson caught the protein zytegeist correctly. protein is in. they made that food chain all clean. >> after being over there, i wouldn't -- >> you guys have been to china. >> we both were there in relatively close. >> not a good environment. >> the pollution is incredible. >> $7.50 worker per hour in china. $5 worker per hour in mexico. i am telling you, you'll see this onshoring because it's going to mexico. i think the problem in china is a crummy place to do business. >> all you want about the epa, i came back thankful for the clean air act. >> they care more about ups than clean air. >> they do. >> your proctor clorox dynamic

playing out just the way you said. >> they are all going to hate me. >> nobody is going to hate you. >> no? i feel like carrie, they are all going to laugh at me. >> you're fine. >> the jobs number this morning, labor department saying business added 321,000 jobs in november, best growth in nearly three years. well above expectations. unemployment rate steady at 5.8. let's get the first reaction from the white house this morning. jason furman, chairman of the president's council of economic advisors. good morning. >> morning. >> strange this was the number people were discounting. a lot of estimates were going lower in the final days. worries about weather. why the strength? >> it's hard not to get excited about the number of jobs, number of hours, increase in wages. things do bounce around from month to month and looking at the trend we've seen over the past year, it's hard to not get excited about that trend, too.

best year of job growth since 1999. that's with only 11 months of this year so far. >> this is going to take us back. there is some discussion this morning about wages, which as you point out best in over a year at 0.4. people looking at wage growth for those in production and nonsupervisory job meaning rank in file not keeping pace with the bosses. >> if you look over the last year, production of nonsuperadvisory wages have grown slightly faster than wages for overall private workers. broadly you've seen them move in tandem. they are moving faster than inflation, which is good. we want to build on that momentum with things like raising the minimum wage, investing in infrastructure, mow things to create more high paying jobs. >> jim cramer here. congratulations. this is a great number.

the president spoke eloquently at the round table about the world. it was a terrific global view of the world. can the president go to people like draghi, merkel and say here is the american miracle. this is what you should be doing after these kinds of numbers? >> that is exactly what he did at the g-20. that is what secretary lew did in his speech setting up the g-20. there is a lot for the world to learn about what's been successful and what worked here in the united states. more than half the people put back to work in advanced economies have been put back to work here in the united states. we are only 30% of the population. in terms of the way we've done fiscal policy, monetary policy, the underlying structural features of our economy are something many can learn from. >> are you concerned about the incredible strength of the dollar? i know we all want a strong dollar. it can have a potentially negative impact on many of our

multinationals and conceivably come back home to hurt us. >> i'll leave it to the treasury secretary to speak to the dollar specifically. we have a macroeconomic situation where the rest of the world is growing more slowly than the united states is. that's going to create some challenges for our economy going forward. we have a lot of domestic momentum to deal with those challenges. we have some things going the other direction like the price of falling. a big external shock in a positive direction for our economy. there is no doubt we need to be concerned about what is happening economically in the rest of the world. >> jason, we always ask you about fed policy. every month you give us a big fat nothing. i'll ask you just in case. when you hear discussions this morning about being behind the curve, being in the box, what is your take? >> i don't comment on the fed.

i note the inflation rate remains below 2%. wage growth we are seeing remains something our economy can fully afford. i think we could afford more begin the productivity growth we have. >> real quick, oil prices coming down you cite as a positive. there's been a great deal of job growth in that industry given fracking and the advances there. are you concerned that will have an impact on job growth in the future? >> most of our oil is still profitable at the types of prices we have now and expect to have going forward. you are right there are things on the plus and minus side of the ledger. the plus in terms of what is in effect a tax cut for every american household vastly outweighs anything on the other side of the ledger. >> jason, good day. good day if you love to watch macrodata. thanks for being with us.

>> thanks for having me. >> jason furman from the white house. >> interesting when you said good day. when you get a good number like this, i almost feel like let's say it is football. you might want to say congratulations to the coach. it's a good number. is that all right? >> we live in this country. >> we want people to get jobs. we want food on the table. we cheer that. >> let's get to bob pisani on the floor. >> wow, guys. nonfarm payroll up 321,000, the best since 2012. it's a rare occurrence to beat by almost 100,000. we don't have to speculate what happens in the market thanks to our partners at kensho we can run numbers when these unusual occurrences happen. it's rare when you beat by more than 80,000. that is a significant number. let's show you this kensho box.

this only happened ten times since 2004. beat by more than 80,000 jobs here. seven of the ten times the s&p 500 today has been up, 7-10 times up an average 0.47%. normally this day is up when you have this rare occurrence. what would be the best bet in terms of gainers here? the one that shows up consistently is industrials. the industrial sector of the s&p 500 is up 9-10 times in these ten times. an average one-day gain of 1%. keep an eye on that. look at the sectors moving this morning. it is financials, industrials, consumer discretionary stocks. those are the growth names we are seeing move up. financials leading perhaps a growth play over a yield curve play. industrials doing very well right now. interest rate sensitive, not surprising they are having a tough time. reits, utilities, telecom will be down on a day like today.

retail, more of the same. a few surprises here. american eagle still can't beat the guidance. analysts have been taking numbers down for weeks. 30-33. they can't hit the number here. five below a bit of a surprise. earnings are up 20%, sales up 25%. who would not kill for sales up 25% in apparel? guidance a tad bo expectations. that's what happens with momentum stocks when they have a miss on the guidance. ultimata, a hot company for a long time now. comp store sales up 6% to 8%. guidance is soft. look at the companies that guided lower. >> let's get over to the bond

pits with rick santelli. >> all i can say is, finally! finally after all these years we see data we can sink our teeth into. what's going on? before we get to the charts, let's keep it simple. the curve is flattening. big time. short rates really popped and stuck. mid and long rates not so much. let's go to the charts now. if we look at the chart of two-year note yields. last time they were here was the spring of 2011. look what happens as you move down the curve. let's look at fives. we were just at these levels the first week in november of this year. let's look at tens. i'll put the same data, 1028. we are having a hard time getting above the 2.30-2.38

zone. if you look intraday it speaks volumes. of course we popped on strong data. now we'll be better able to handicap what is really going on, why are rates so stubborn? bund yields did about the same thing. the relative trade is pressuring these long rates not to go up as much as they might otherwise have gone up. go to the 30-year chart. you see the same thing under their consolidation. quickly switch gears and look at euros. two-day chart of the euro versus the dollar. all currencies went down against that strong data with the u.s. dollar. a two-day chart reveals still neutral on the two-day perspective. at 10:50 eastern tune in here. we'll have former economic advisor ed lazear. should be interesting. back to you. >> thank you, rick santelli. let's get to the faber report

quickly today. we did get competing press releases from dollar tree and dollar general over their battle to buy family dollar. dollar tree currently has a deal that will be voted on by shareholders on the 23rd of december. the question is will dollar general come back with some sort of a new proposal? not just where it is in economics, but where it is in terms of improving the so-called certainty to clothes by being willing to divest more of its stores in the 1,500. that has not been enough to get the family dollar board, which includes ed gardner as director from trian. it's not been enough to say we think we are willing to take the risk here that the deal will close to take that higher price. it's not been enough. this morning dollar tree says we are not going to close this

thing till february because the federal trade commission has taken longer to look at it than we thought. we don't feel we are in any danger in terms of what we thought would be the case in terms of divestitures. it is taking longer. they go on to say they are being awfully tough in a lot of things and not looking at national pricing as much as looking locally. when i talk to people close to family dollar, their supposition is if in fact you were to apply the same rigor the ftc seems to be taking to dollar tree to dollar general, it would require as much as 3,400 to 5,400 store divestitures. dollar general comes back disputing not those numbers. saying that's ridiculous. we are obviously actively

engaged in discussions with the ftc. even if we -- sorry, i'm looking at my computer. we are confident our approach strategic pricing decisions is correct and superior to family dollar and dollar general and has no intention adopting a flawed strategy now or after an acquisition of family dollar. i will tell you dollar general, this is people close to the situation, is in active discussions with potential buyers of divested stores. not sure where those things stand. i heard different things on different names. i won't share them but you would want to reach out. would walmart be interested in buying 8,000 stores? would supervalu, safeway? that would enhance your ability to say we are going to 3,000 stores or the 2,500 i believe is a good negotiating point.

>> you solved the puzzle piece. my trust owns dg. what you know is let's reverse the stock. that's it. they have a plan. >> they may. it's not clear they are getting or where those -- yes, would you reach out. >> that explains why a stock that should have been down is up. that explains it. that is a great insight. >> december 23rd is getting closer. we'll wait and see what dollar general puts on the table after its own talks with the ftc. >> great stuff. >> with that dow sets a new record today. 70 points from 18,000. we'll get stop trading with jim in a minute. do you

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time for cramer and stop trading. >> people say when is gilead going to take off. this note out from jpmorgan

talking about it's time. don't worry about the pricing. $30 billion in cash the next two years. $80 billion in five years. gilead's done muddling through. that's a big note. >> what's tonight on "mad?" >> idex lab. i love these companies. it's been a huge investors' business daily name. can't wait to sit down with them. >> good weekend to you. >> same to you. >> see you tonight jim cramer "mad money." when we come back, ed lazear. he helps looks after all our money. kid: do you pay him? dad: of course. kid: how much? dad: i don't know exactly. kid: what if you're not happy? does he have to pay you back? dad: nope. kid: why not? dad: it doesn't work that way. kid: why not? vo: are you asking enough questions

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comcast nbcuniversal. bringing media and technology together for you. back on "squawk on the street." markets 62 points away from 18,000 on a day where the jobs number came in well above expectations. 321,000. wage growth looking good. revisions were higher. not much to complain about in

that november number. oil is coming off. financials are showing signs of leading this market. of the top 20 s&p gainers, more than half of financial related given the prospect for rising rates. >> and the data does not end there. we've got factory orders coming in at this hour. let's get over to chicago. rick santelli has breaking news. >> thanks. your timing is impeccable. october read on factory orders down 0.7. we were looking for unchanged. last month down 0.6. how does that stack up? better than the stair i'm standing on. we had minus 10 which was a record. we had plus 10.5 a record in the other direction in july. those durable goods did the same thing. as this stands, this isn't a great data point. it is fourth quarter. we did earlier, but it got lost in the shuffle. a little bit larger trade deficit for the fourth quarter october 43.4 billion.

we want to factor this in as we move on and try to figure out what the gdp is going to be after that very good jobs number. sara, it's all yours. >> that certainly is going to steal the show today. thank you, rick. let's dig deeper into that and today's jobs report. steve liesman is back at hq. with that number, steve, it's becoming harder for the haters to have doubts about this labor market recovery. >> it's like standing on the beach after they signalled the warning on a tidal wave coming from overseas and the tide doesn't go out, you never see that wave. we wait for that shock from europe or weaker china. doesn't happen. the u.s. economy, obviously we are still watchful, still concerned, but it keeps slugging on here with a bigger and better number. we've been talking about some of the gdp numbers that have been higher and perhaps shifting into a new gear. the nonfarm payroll numbers is a new gear if it stays that way.

up 321 is the number. estimate a paltry 230. i was at 211 personally. unemployment unchanged at 5.8%. it's not going up. we are not bringing in more people. if you think about the long-term secular trend being down, people dropping out, unchanged is the accomplishment here. that bigger number there average hourly earnings everybody says federal reserve would watch. here is the commentary we get from the dismal scientists trying not to be dismal. a festive season for u.s. workers should translate into a jolly time for retailers and the economy. here is where the jobs were professional and business service services. seasonal adjustments expect a big retail hiring. this is over and above what is expected in seasonals. health care jumping, manufacturing and construction. better jobs doing quite well.

ubs says the long workweek combined with the low level of unemployment claims suggest the spike for strong payroll figure, firms are having trouble filling positions. we saw that in the small business. and we reiterate a march rate hike and now may be sooner and markets need to adjust to this reality. there was an adjustment this morning. take a look at the fed funds future. it's low. this is december 2015. it's higher than it was this morning. the markets factoring a rate hike. i don't know i agree just yet. another month with this along with strong wage gains could have the fed rethinking the time table. that depends on inflation. the fed, i don't think, will be quite so quick to move. >> we saw wage growth.

>> wage growth is different from wage inflation. >> good point. steve liesman, thanks very much. for more reaction to the jobs and market, let's bring in diane swonk senior managing director with mesirow financial and david kelly with jpmorgan funds. diane, we'll start with you since you are in town. the dismal scientists, weak-willed economists totally missed the boat. nobody was expecting 300,000 plus jobs. >> no, but revisions have been on the up side the past several months. that means we are missing the momentum on the initial cut of the jobs data and creating more jobs each month than the initial report suggests. that is always a good sign. it means business creation might be on the up swing. i think it was a good report with broad-based gains with business and services. permanent hires, accountants, engineers, all those things are really important. on the down side, wage gains year over year still 2.1%. that is not enough.

it's tepid and we need sustained wage growth of 3% to get back up on that core steve mentioned of 2% target. >> given the fact it was overwhelmingly a positive report, does it change the time table at all, the trajectory for the fed? >> no. i am on the other side of the camp. i think the reality is the federal reserve understands the u.s. economy needs to catch up. the biggest mistake the fed could make is repeat 1937. that is when monetary policy was tightened and we had a major down turn in the economy. all those years after the 1929 crisis. they do not want to repeat that. they rather go slowly, patiently, raise rates very cautious. >> david, you are saying continuation of the easiest monetary policy in the history of the fed looks more and more inappropriate. >> i think so. i think comparisons with the 1937 are a little overblown

here. this is an improving economy. unemployment rate below its 50-year average. we added jobs very smoothly this year. it's not a completely healthy economy but improving rapidly here. i think the problem is the fed needs to get going on tightening. we are going to overheat here. >> david, the counterpoint is they are missing on their inflation target. that's all central banks care about, period. >> but it's so important to recognize how much is just oil. oil is a commodity. commodities -- but a year from now if oil prices are no lower than $70 a barrel, the oil effect is out of it. we've got to focus on core inflation. core inflation is not picking up yet but will pick up. we are so far away from a normal monetary policy we need to get started getting back to normality now.

>> we are expecting the president in a moment about to make a statement, we believe, on the jobs number. also expected today to make the announcement of ash carter as his nominee for secretary of defense. there is a live shot of the white house. we got a two-minute warning. sometimes that doesn't mean a whole lot. >> he has a tendency to be late. as jason furman told you, it's hard not to get excited about this number or the trend. >> i asked fuhrman about the split in wage gains and whether they are going to the rank and file, those in nonsupervisory jobs or those in charge at the office. did he down play that. is that a concern? >> it is a concern. income inequalities, unlike the 1990s, all boats were lifted with the tide. some yachts were lifted really high and row boats were lifted with the tide. anyone who had any skills and a pulse to get a job and a wage gain in the 1990s.

today some people got left behind. they need to catch up. majority of americans are still playing catch-up on the great recession. >> i want to ask you this question. what is the impact going to be as we continue to watch the dollar gain strength? where are we? >> $1.2130. >> phenomenal. the dollar matters. dudry was talking about this earlier. it's gotten off the fed radar. it's not just exports. the strong dollar matters. that will suppress profits next year. >> some news we got a little bit ago from people at jpmorgan from jamie dimon to employees discussing good news involving his battle with throat cancer.

saying he had a thorough round of tests and scans and reporting the news is good, results came back completely clear of any cancer. says since his diagnosis he follows his advice, take care of your health first. nothing is more important. >> thanks to david kelly on jobs. sorry we didn't get to you more. jane wells is here with a live look. >> right now orion is reaching its peak altitude. it is 3,600 miles above the surface of the earth. 15 times higher than the space shuttle. it has been over the last hour sending back pictures of earth.

we may have some visuals for you. it looks much further away than what you see from the international space station. everything has been working perfectly. we'll be back in a half hour to update you as it begins hurtling back towards earth hitting 25,000 miles per hour with splashdown predicted 11:30. right now targeted 1.3 miles east from bull's-eye. they are considering that very good. huge win for lockheed martin and the alliance. >> some of the metrics on this flight are amazing. speeds of 20,000. it's hard to get it at night when sundown happens. oil's 30% plunge over the last three months maybe worrying those in the energy industry. what about the rest of the

economy? what do tumbling oil prices mean for main street and people not in the oil business? pulitzer prize-winning economist pulitzer prize-winning economist james stewart will join us. ch, and apricots. what kind of chef comes up with this? a chef working with ibm watson, on the cloud. ingredients are just data. watson turns big data into new ideas. and not just for food. watson is working with doctors and bankers to help transform their industries. today there's a new way to work. and it's made with ibm.

oil prices continuing their decline this morning. brent sliding lower. as oil plunges, what is. impact on the investor? joining us this morning,

pulitzer prize-winning columnist and cnbc contributor jim stewart is back. >> this is big. americans were enjoying thanksgiving when oil dropped. i went back to see when this happened before. in every case it's been net very positive for the global economy and for investors. >> what do we need to worry about, if anything? >> nothing. i looked closely above 98 and 1986. one worrisome thing i saw, a few years later, there is some kind of crash or bubble. 1987 we had the stock market crash. after 1998 and 2000 we had the really big decline. there are people who think like

low interest rates go on for too long, really low oil prices fuel some kind of inflationary bubble in excess. we have to be mindful of that. one angle was it could spur more m&a. these companies are trading at a discount with a 40% drop in the brent. >> the geopolitical impact is bigger than ever. i don't think it's any accident china and india are the biggest gainers this year on the stock market. they are the biggest net importers of oil. this is great. all this hand wringing about venezuela and brazil and russia, most companies in the world are importers of oil. this is good for them.

>> one of the reasons i think people are barish on this drop in oil, you're seeing it across commodities. in iron ore, copper, gold and silver. some wonder if there is a deflationary message in the broad drop in commodities. >> this is similar to 1986. global demand is going down. it was weak. there was a weak economic environment. interesting thing about low oil prices, a lot of people take that money they are not spending on oil and spend it on something else. that actually helps to push up some prices in some areas. >> shale is the new technology. it's like '86. that new technology made north sea and alaskan oil readily available. shale, there is a lot out there. it's been great for u.s. production. it's an amazing story. like everything else, it's not

going to last forever. >> there is an argument to be made you mentioned geopolitical risk. what happens if it continues to go down in russia? 18% of the high yield market is made up by energy-related bonds. you've got a lot of levered companies out there. you have to watch that closely. not necessarily securitized products. >> it's worth watching. there was geopolitical instability every other time there was a big crash. both putin and hugo chavez of venezuela came in because of the 1998 oil collapse. russia defaulted on its debt. chavez was elected when opec forced cuts on venezuela and their standard of living went down. that sort of thing -- we've got to expect it. there's going to be turmoil.

>> can you put it in context of today's jobs report. some worried that the investment boom created with shale and energy would hurt job creation in this country. so far things look good. >> it does look good. i am not that surprised. i think we are starting to see consumer spending. auto sales this month were great. early christmas sales didn't look fantastic. it's early in that game. that is one slice of the consumer thing. in theory this higher consumer spending will lead to hiring and greater domestic growth in the u.s. >> in terms of stocks, a lot of the targets are not far from where we are now. >> i expect they'll move up a bit. stocks are high right now. they are a full valuation. this oil price collapse is going to put additional wind behind the backs. i think it will causes a mates to go up. >> i can't imagine you want to be proctor with half your revenues coming from overseas

with the dollar at $1.21 yen? >> right. the currency implications is beyond me. they'll be there, too. >> that will be a huge story next year. >> this whole divergence theme in a growth-starved world the u.s. could post two back-to-back quarters of growth and create 200,000 jobs a month. >> with the euro low, that's going to begin to stimulate overseas. my own personal suspicion will be overseas markets outperform next year. >> good seeing you, jim. up next, diving deeper into this holiday shopping season. are you more likely to buy online if you are using a smart phone or tablet? who buys more, apple or android users? she's still the one for you.

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we are expecting the president to come out and talk about the jobs number. let's talk about two retailers heading in option direction. five below moving lower after it reported disappointing sales guidance for the holiday quarter. it also named coo joel anderson as its new chief executive officer. down by 12%. then there is fran chessa's. its ceo neil davis resigning after two years on the job at the struggling company. shares up by about 23% on the day's trade. back to you.

>> we'll stick with retail. mobile dominating the first week of holiday sales as consumers turn to their smart phones and tablets to get their shopping done. ibm has been tracking sales. we've been citing the ibm statistics, jay. in terms of the broad numbers, set us straight here. are they better or worse than last year in terms of the amount of spending online? hang on. we are going to the president now at the white house instead. >> okay. it is wonderful to be able to announce, not the creation but the filling of one new job. before we do, i wanted to make a some what broader statement about the economy and ash is willing to indulge me. last month america's businesses

created more than 300,000 jobs. this keeps a pace so far this year that we have not seen since the 1990s. so far this year over the first 11 months of 2014, our economy created 2.65 million jobs. that's more than in any entire year since the 1990s. our businesses have now created 10.9 million jobs over the past 57 months in a row. that's the longest streak of private sector job growth on record. we also know that the pick-up and pace of job growth this year has been in industries with higher wages, and overall wages are rising. a welcomed sign for millions of americans. we've gone an opportunity to keep up this progress if congress is willing to keep our

government open, avoid self-inflicted wounds and work together to invest in the things that support faster job growth in high-paying jobs. that means exports, infrastructure, streamlining our tax code, immigration reform, giving minimum wage workers a raise. it's been a long road to recovery from the worst economic crisis in generations. we still have a lot more work to do to make sure hard working american wages are growing faster. the united states continues to outpace most of the world. over the last four years we put more people back to work than europe, japan and all other industrialized advance countries combined. we are going to keep at it until every single american who is willing and able to work can find, not just any job but a job that pays a decent wage and allows them to support their families. it's worth us every once in a

while reflecting on the fact that the american economy is making real progress. if we can continue in this trajectory, if we can continue to grow robustly, and if we make sure those companies who are seeing profits higher than any time in the last 60 years, that they are also making sure their workers are sharing in that growth, then we can get a virtual cycle that will really make a difference, and be a critical component of strengthening our national security. national security starts with a strong economy here at home. now, i know some people think i announce cabinet positions on fake twitter accounts. this is not the case. >> that is the president with what some might call a victory

lap on the jobs numbers today. let's bring in john harwood for more on this. what a collision between today's numbers, at least, and that recent midterm result. >> exactly. the president had a very rough last several weeks with his party losing control of the senate, getting a lot of heat from republicans over his immigration order. even heat from democrats like chuck schumer, the third ranking democrat in the senate who said by focusing on pushing health care through the congress in 2009/2010 instead of what he said focusing on the economy, the democratic party had blown it. this was an opportunity for the president to make the case, as he just heard him make, that he is continuing the longest stretch of private sector job growth on record. that the united states economy is doing better than others in the industrialized world that suffered financial crisis. he took some satisfaction in that and then he made the segue

to the ash carter announcement that is a reflection of other unpleasantness after the election. he fired defense secretary chuck hagel. ash carter, veteran assistant defense secretary under president clinton and president obama. he is getting bipartisan support for that choice. john mccain had favorable things to say about him. i walked into the white house with the former george w. bush national security advisor who called it a good choice. i call for an easy nomination next year. >> as we start to obsess about 2016, are democrats going to win the economy argument? republicans have used it for so long to say obamacare and all the regulations out of this white house are holding back growth, they are holding back corporate spending and hiring. you used one of the superlatives, ten months of 200,000 plus job creation is very hard to argue.

>> it depends how the economy does over the next year or so. we had a very good year in terms of job creation. of course the president has also made the case repeatedly as have republicans, as have democrats on the hill that though we are recovering by some metrics and jobs is an important one, wages have not kept up over the long period of time. we are in a 30-year period where middle class living standards have not moved forward. part of the argument will be how the economy is done over the year or two proceeding the presidential election. part of it will be who's got a better argument going forward for what they can do to raise middle class living standards? there is a lot of work to do as the president indicated. >> makes it interesting. john harwood thanks very much. we'll continue to monitor the health of the economy, speaking specifically retail and online shopping. let's bring back jay with the new data on online shopping.

i asked you how this year stacks up to last year? >> throughout the year ibm works with over 8,000 brands as part of our smarter commerce business. this time of year we narrow that down to 800 u.s. retailers to bring some of these statistics. i think the good news is holiday shopping is up across each of the key shopping dates. as well as all the days in between. >> what we are seeing is consumers are turning online and really driving a lot of strong growth in online shopping this year. >> i know you're looking specifically at mobile. who is buying more, who spends more, tablets or their smart phones? >> we've seen tremendous growth over the last few years for mobile shopping. on thanksgiving day, more than 50% all online traffic came from

mobile devices. more than 1/3 online purchases came from mobile devices. the new thanksgiving tradition is mobile shopping. we are seeing twice as many people buy through smart phones and tablets. we are seeing people using smart phones to browse and tablets to buy. you're twice as likely to buy on a tablet than smart phone. >> because you can see the products much better, i would assume? >> right. it's easier to enter your shipping information and credit card information. in terms of browsing and shopping, you're twice as likely to be browsing on a smart phone than tablet. on the go, smart phones are a great way to get quick information about store hours, store locations, whether or not they have inventory of those special promotional items you're after. >> as you gain this out five

maybe ten years, how does this end? does mobile surpass traditional avenues of shopping? is there a natural ceiling here? >> i think eventually we'll see that level off. right now, a lot of the growth in online shopping is being driven by mobile. i think as more consumers have smart phones and tablets, as they get more comfortable shopping online through those devices, we've got a few more years of strong growth for mobile. >> we just showed a graphic. is it true apple users spend more than android users? >> right. we see apple users browsing about twice as much on u.s. retail websites and buying at a rate four times as often as android devices. >> very interesting, as always. thanks for joining us with some of the trends, jay henderson at ibm experience one. >> when we come back, art cashin joins us wearing his christmas tie with a take on today's jobs number and future of the markets with dow up 56.

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we're for an opens you internet for all.sing. we're for creating more innovation and competition. we're for net neutrality protection. now, here's some news you may find even more surprising. we're comcast. the only isp legally bound by full net neutrality rules. shares of burger king up more than 3%. the $11 billion acquisition of tim horton's has been approved by the canadian government. burger king expects to close the deal in one week from today. big lots down more than 13%. retailer posting weaker than

expected third quarter results despite a rise in comparable store sales. >> government data at the top of the hour showing factory orders fell more than expected in october down 0.7%. that was a third straight monthly decline. that jobs number coming in better than expected. markets agreeing this morning. the dow inching toward 18,000. let's bring in art cashin director of floor operations with ubs. what did you say? >> should i put it on quite yet? we have a dow 18,000 hat. you have to be prepared in this business. >> not too far away. you point out jobs datas have a positive bias. >> they do. i think we're doing all right. viewers want to keep an eye on the 2075, 2078 area in the s&p. that is a line of resistance. interestingly enough, about four times already today we got to 2077 and stopped. you don't want to do that too

much. i would like to get through it and see where we can go from there. >> jim cramer last hour said this is not a goldilocks number. this is a strong number. is it a good sign to you equities so far are rallying on the back of what is much better news for the economy and not worried about the fed raising interest rates? >> so far. the interesting thing is that it's the institution buying the financials. financials are leading. that ordinarily might seem counterintuitive. if rates are going up, why get into financials. if we get away from zero base rates, they'll have leverage in which they can make money and introduce new products. i think that's why they are coming from them. >> the cement of the strong dollar trade. you saw it in the yen and euro. do you think this will be the story of 2015 as wall street is expecting? >> probably for the first half anyway. the u.s. is still the place to

be as far as what's got the most vibrant economy. >> david asked about geo politics to our last guest. how much do you worry about people like putin going to plan b? whatever that may be. >> you have to worry about the geopolitical situation. putin is caught between a rock and a hard place. the economy is beginning to get soft on him. the people will not be as happy as they have been. he has used, particularly the takeover of crimea boosted his popularity. let's be frank about it. if you were putin, you know one thing. the u.s. and nato are not going to do anything militarily to stop you. you have carte blanche that the only thing that can happen are new sanctions. if you can work away out of that, you can keep building popularity. >> as far as seasonals go, every

time you've been on i said isn't this getting too baked in? you were resolute. it's looking like a smart trade. >> and 2015, the seasonal history, year's ending in a five, a year before a presidential election, as odd as it sounds, you have a very extensive history of pretty decent bull moves. >> not to mention the fact the s&p has gone up every year in december the last six years. >> santa claus is coming. >> for those that doubt people on the floor of the new york stock exchange have those hats, here's proof. >> art cashin, thank you. >> we are asking where the jobs are? it turns out there are plenty on the ground if you want to keep a watch on the skies. mary thompson is here to explain. >> we are talking air traffic controllers. you can see we are at douling

college. these are top students. they would easily get into the faa air traffic controller training program. that has changed. this is important. the faa needs to hire 6,400 new air traffic controllers over the next five years. the mission process changed that the students are no longer guaranteed a slot. still they come to these schools because they believe training like this they are taking in the simulator. sara talking to the planes getting out of the gates and sheena helping the planes to take off. this experience is invaluable getting them a foot in the door of their chosen profession. if you want to track the 87,000 daily flights in the u.s., you need a specific set of skills. >> one i look at is focus. the other one is situation awareness. another is multitasking. you have to have a person who is not going to panic. >> dowling college's professor

has been teaching aviation for years. they stopped using them as pipelines for air traffic controller training program. it hasn't stopped students pursuing these degrees. >> there is a theory of flight with basic aerodynamics. they have to take a private pilot ground school class, instrument ground school class. >> at middle tennessee state university, students will train in a tower and simulator. the program director says this provides them with hands-on training students believe will help them land a job even if their degree no longer provides that guarantee. union rules dictate they start the air traffic controller training program by age of 31 and retire by 56. a lot of these air traffic controllers want to work longer. there are rumblings they may have to extend or try to extend that retirement age. back to you. >> always wondered what it looked like inside of there. nasa's orion spacecraft blasting

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nasa is successfully launching orion's spacecraft this morning that could eventually take astronauts to mars. >> orion is now beginning its downhill run back to earth. it is entering yet another key part of this test, this unmanned test mission going through the van allen radiation belt again to see how that will affect the computers. splashdown will happen in approximately 44 minutes after an absolutely perfect lift-off on the second day of try. >> three, two, one.

and lift-off at dawn. the dawn of orion and a new era of american space exploration. >> orion lifted off the alliance rocket right on time at 7:05 a.m. eastern. only 2 million pounds of thrust versus 6 million for the space shuttle. lockheed is the lead on this first test flight. $300 million unmanned mission to test the most critical parts of the capsule in terms of safety and performance. so far everything worked perfectly. orion was sending up live pictures back of earth a half hour ago. it was at its peak 3,600 miles above the surface to test the parachutes and heat shield. lockheed contracted with united launch alliance. they had to get faa licensees for this launch and reentry that

will hit the atmosphere at 11:15 eastern, splashdown around 11:30. a big day. >> can't wait for that. thanks so much. >>. >> former chairman of the council of economic advisor under president bush ed lazear will join us to weigh in on the jobs number. daughter: do you and mom still have money with that broker?

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reliably fast internet starts at $89.95 a month. comcast business. built for business. welcome back. we have a good one for you. we have good ones every day. former chairman of the counsel of economic advisers. thank you for taking the time on jobs friday. >> great to be here. >> in the past we focused on issues we needed to pay attention to this many years after the recession with regard to afternoon hourly earnings. month over month up .4. you have to back to november 80 to find a bigger number. -- can you comment on average

hourly earnings and report in general, sir. >> sure. well the report obviously was a very good one. but on the average hourly earnings in particular one of the things we know is that when you come out of recession and move into recovery, jobs pick up first and then wages pick up later. so that is not just true of this recovery but it's true in general. when you start to see wages picking up, that tells you are starting to move into the more mature part of the recovery. and it looks like we may be getting there now. i'm always a little hesitant to get too excited about one month's worth of data. but obviously this is a very strong report. not only the jobs number but also the one thing i look at in addition to hourly earnings is average weekly hours. that was up a tenth of an hour. and that's almost equivalent of 400,000 jobs. so that is a really big deal. and very strong report overall. welcome news. >> and also you are the

celebrity today because i'm looking at on op ed you wrote. can you tell us about what you are telling congress should be the best way to approach with regard towards immigration? hot button, highly political issue. >> well certainly is a hot button political issue. and the president obviously has added fuel to that fire. but i think that the republicans can actually seize this opportunity to do something that is productive and good for the country and probably political good as well for them. and i would say there are really three things they need to do. the first is they need to focus more on skills based integration. i'm a data guy and the department has wonderful data which skills are needed. we should tailor our green card admissions to that. that would be the first thing.

the second is that we need to figure out a way to regularize people here illegally. and something i propose is a z visa. a selected group of of those undocumented come in pay a fee annually to be able to stay, to be able to work but they go to the end of the cue in terms of getting green cards, wait patiently like everybody else has. and pay that fee while they are here. it it would allow them to work and stay. and i think that is a reasonable compromise. and then final we have to figure a way to enforce that and the keep future illegals out. and the only way to do that is by using the employer. we have to make sure that employers are fined heavily for employing people here here legitimately. and if we do that and give employers safe hash as long as they check the status when

hiring. >> very interesting idea and no matter which direction congress goes i hope they pick a direction and don't muddle through and do nothing. thanks for taking the time. >> let's hand it over to jon fortt with a look at what's coming up next. >> lots of insights coming up. yahoo set to pass twitter in mobile ads. mark mo haney on his netflix call. and of course the orion splashdown. [woman] can it make a dentist appointment when my teeth are ready? [girl] can it tell the doctor how long i have to wear this thing? [man] can it tell the flight attendant to please not wake me this time?

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it is that time on squawk on the street where we announcement the winner of nail the number for november non farm payrolls. norm collins. 321,000 jobs were added and norm guessed 327,300. and guess what you get the lovely cnbc 25 book that vanna

white david faber is holding up so nicely. norm are you with us? >> i am. thank you so much. i'm honored to receive it. >> it is a good one. i hope you enjoy it and i hope it looks good on your coffee table. tell us how you came to the precise number of 327,300 jobs and managed to beat all the other economists on wall street. >> well i was watching this morning. i actually do it every month and usually make the mistake of kind of going with the crowd. and everybody looked to be between 200 and 220 or so. and then i saw joe have his pi algorit algorithm. 3.14 i think he was wrong on his math times 10 to the 5th.

i was surprised by that. i thought it is not going to go low. so many ads for seasonal workers and i knew it was going to be higher so i added about a 100 k and boom. >> hey norm, boom. you got it. congratulations. norm collins, nail the number winner. >> it is 8:00 a.m., 600 miles southwest of san diego, where orion is set to splash down in just a few moments. 11:00 a.m. on wall street. "squawk alley" is live.