Highs. A government shut down averted by now well talk to gary cohen from the white house in a few minutes. And elon musk talking about the race to mars first up though private sectors up 221,000 in the last month upward september and october added jobs later on we will talk to gary cohn the director of the president s counsel. Its up from the prior 2. 4. Look, i have very little to pick on. I think this is a very good number the thing that caught my eye, for that emphasis, what caught my eye was manufacturing added 30,000 jobs, kind of a wr renaissance happening in this country. 2. 6, first time under 3 thats a record low. People making jokes this morning what robot revolution are we talking about. We have workers having plenty of choices. Well, i mean, it may be coming but there are plenty of plants being built when you talk to the Utility Companies whats going on in the southeast portion of the country, tennessee, and kentucky and texas, they cant keep up with the building, and a lot of it is natural gas. And we have to recognize the country has, with a weaker dollar, ill say it with less regulation, and with natural gas, they are putting plants up left and right. Nearing lose. We dont know what to do with the stuff. You know what, we are flaring 18 up. 18 flafd. They dont want you to know that by the way. Is that off an oil well gas. You can see it, you can see the terrible fires, unfortunately, you can see the flaring in north dakota. Its not just carson wentz thats on fire its flaring. Which is not uncommon but not at that rate. I have to say i dont think people realize we dont know what to do with the stuff. In the marcelus trying to get the pipelines, southeast to get the pipelines, we have so much we dont know what to do but sure is great for manufacturing. Well, why, cheap energy cheap energy and the president is not averse to putting pipelines through places where i think president obama may not have been that happy. Right. Back to the jobs number the average monthly gain is 174 which is the lowest in a few years, which are we in a stage where it is hard to get the kind of growth weve had because of whats happening to the labor pool. I think there is a lot of people doing untraditional work. A lot of people doing shifts a lot of people trying to put together a bunch of work but there wasnt anything in here that said, look, if the fed wants to raise rates, because they want to be ready if something bad happens, i totally get this, but this is the kind of report you wait for all your life, really good jobs, high paying jobs but not jobs that are inflationy. This is what people have been shooting for we can complain about it but that would be fake news. We are getting later in the cycle though even when you look at, its true no. Okay. Well, let me give you u. S. Concrete says. 6 month average 178 and yeartodate 174,000 average jobs added each month. Which is strong. Yes, so far you are. 187 in 2016, 220,000 in 2015. And in 2014, 200,000. Things are getting tighter. Its not getting tighter its getting tighter. But a lot, look, the industries i follow, housing very strong, aerospace, manufacturing very strong auto. Tighter but we havent seen the waives growth people would have anticipated no. And why arent we going to have significant rate hikes next year as a result im in favor. Have you to slow it down housing is a little too high but of course theyll take care of housing with gary cohn, well speak to. No longer being able to deduct. Yeah, that will take care of housing. So Housing Affordability act. Yeah, bitcoin and housing has dropped overnight. Nobody is shedding a tear for all the rich peoples taxes that will go up. Yeah, i know. I call the guys sitting right here at this desk. Jim mentions bitcoin. We have some volatile moves this morning, crypto currency pulls back which included 40 jump in 40 hours all of that ahead of a bitcoin launch on sunday ft and the journal saying goldman will offer clearance for some clients, but b of a, citi, saying not right away. I think bitcoin, i think they were bit on, on very little volume and i think the short selling is going to just annihilate people when you can start trading, annihilate because supply there has been no supply. Will bitcoin go into a split . Ill talk to the guy at bitcoin. I dont know. Some guy you had on the other day named him like hes the known inventor of bitcoin. Guy from japan. You can own slivers, so doesnt matter got it. You know what someone said to me today youve seen the head and shoulders . I dont think hes between head and shoulders. When you talk to people they want to take you back to the underlying technology, whether the growth of it, or transformation of the payments industry in the world over time. Not right away. Thats true. But over the next five, ten years. I this i think thats true. Someone will say youll see multiple Companies Based on this and youll trade them and youll like them. Theyll be real. But short term what do you think happens to the price once futures go live . I think you get more liquid market and they typically cant have these gyrations and if you walked it up these guys can hit it back down. I think the propensity when it starts, not to bid it up after this turmoil weve had and basically whats called an island reverse h goes up by day and gets slammed, and i think the traders move it up then once this thing starts trading futures, they will kabash it. Thank you kaibosh . I dont know. Google it. Wouldnt surprise you to go in half . Back to where it was. You get sellers who can no way you can borrow stuff but you get sellers to come in and suddenly they create bitcoin, so to speak i also think once the futures come in youll see more shenanigans. Kabash and shenanigans, watch it. If you are buying bitcoin, you have to be aware people will be selling waiting to shortage you. I dont know who is going to be on the hook for the short. Right. But it will be really interesting. It will be actually wild west market and well see something orderly occur, but i also know the corner thats biology goeenn and the hedge funds will add. Corner, shenanigan, kabash. So like bunker hunt in silver. I said that yesterday didnt you listen . No i didnt. I did bunker yesterday during my key cross talk. I missed that. You were probably getting your hair done i dont have to worry about it. Well follow this closely on monday. Its going to be every where. Well have to go over this even if Something Big happens in the market this boit coin is all people care about. Meanwhile, wildfires are intensifying in Southern California hundreds of thousands of people have now been told to leave their homes. Our dederoy is live in ventura once again good morning. Reporter good morning carl we have been in this neighborhood for hours still struck by the devastation. This home behind me just turned to rubble. Cars out there just mere shells. The numbers here have really swelled overnight as far as destruction. Want to get you up to speed. Take a live look outside from above. Chopper shot of the thomas fire. The biggest one burning in the state. Circumstance wildfires so far right now burning in california. More than 140,000 acres have been scorched. 500 structures destroyed that number swelled up from 150 yesterday. So thats a big spike. 23,000 homes are threatened. And 190,000 people evacuated now lets go to another chopper shot, because overnight there is another fire down near san diego that just sprung up. This one went from just a few Hundred Acres to 4,000 acres Governor Brown has issued a state of emergency in San Diego County as well as santa barbara. So two additional states of emergency in addition to los angeles and Ventura County one of the big things here is citrus farming and avocado growers. We dont know numbers. But talked to suppliers yesterday and its going to take sometime for them to see what the devastation is there as well we also went to a local business and talked to locals, so much because of business is shut down, impacting there as well, and their staff. They say half their staff has been displaced with the evacuations and with the boil water restrictions theyve had to make some big changes in their kitchen as well. We dont have that rigbusines right now but we do have people coming in that need that so are we making as much money probably not. Reporter but they are say they are okay with that because they want to help out the community. By the way, core logic coming out with some new numbers this morning, saying they believe 86,000 houses might be at risk right now in Southern California and that would be a total reconstruction value of 27 billion so just staggering cost and devastation we are seeing here back to you guys. Dede, thank you it reminds me still tabulating insurance cost frs the Northern California fires earlier this year. Yes i have tri point here which has a big Housing Development in california and this is frightening. My daughter she was in this area where they had spontaneous fires. And even the breathing is incredibly hard. This stuff is, again, having covered, fire is so scary. Its just so scary and who knows where its going to break out this is just incredible to me, these stories. They are incredible. Its bad. Scary well watch it this morning. When we come back this morning as well, elon musk big dare on the race to mark on the race to mars and gary cohn. Take a look at the premarket not a ton of Corporate News but enough to keep us busy on this friday more squawk on the street in ha moment. [ keyboard clacking ] [ click ] [ keyboard clacking ] [ clacking continues ] good questions lead to good answers. Our advisors can help you find both. Talk to one today and see why were bullish on the future. Yours. We are working on that next generation rocket right now with nasa customers called space launch system. Final assembly right now down at ma shuod near new orleans, well conveniently go eventually go to mars. I believe the first person set foot on mars. Thats mad money last night. Got Fortune Magazine attention posted an article titled boeing ceo we are going to beat elon musk to mars half tweeted about the article, musk himself retweeted with a tweet of his own daring boeing to do it this race will be something. It is i was waiting for him to say they have nasa backing, days worth of cash flow from tesla, j go out there and say i am a spartan. And we need 500 spartans to get to mars. Hes adamant hes not taking anyones money i believe he read it in fortune. Because i dont want to grandiose and say he watches mad money. No, he doesnt. Given the fact he thinks im a hole in the gram and simulation as he made it very clear to me. I doubt it watches the simulations money show because he doesnt think there sa mad money show because this is assimilation, thats what he told me directly at dinner. What do you think about mars, do you think we forgot about the third entrance hes the death star, closest star. Space x obviously is musk effort but dont forget i never count out jeff bezos. First man on the sunny. He was incredible. When we come back, well get the bell and gary cohn jobs reform after the opening bell look at the market looks pretty good as we wind up this trading street more squawk on the street straight ahead well, its earnings season once again. Yeah. Lot of Tech Companies are reporting today. And, hows it looking . I dont know. Theres so many opinions out there, its hard to make sense of it all. Well, victor, do you have something for him . Check this out. Td ameritrade aggregates thousands of earnings estimates into a single data point. That way you can keep your eyes on the big picture. Huh. Feel better . Much better. Yeah, me too. Wow, you really did a number on this thing. Sorry about that. Thats alright. I got a box of em. Thousands of opinions. One estimate. The earnings tool from Td Ameritrade. Of emerging markets obsolete . At pgim, we see alpa in the trends, driving specific sectors of out performance. Where a rising middle class powers a booming auto industry. A leap into the digital era draws youthful populations to mobile banking and ecommerce. Trade and travel surge between emerging markets. Everyday our 1,100 investment professionals around the world search out opportunities for alpha. Partner with pgim, the Global Investment management businesses of prudential. We have nine minutes before we get to an opening bell. Lets get to mad dash with jim as we cap off the week talk a little 3m. I have in my hand genuine home spun papers raising price target for 3m but david he says basically its over basically it got luck, that they got china, auto, electronic all in their favor and those are kind of done and you know what i would say, i would do what elon musk said to me this is assimilation and i love his work. He was right about another industrial. Yes, he was. Why do you believe that because 3m is innovator they have created products they are a company that many of their new products immediately turn into earnings so even if he thinks they cob static, they will reinvent and create new markets, do fabulous things it is amazing. Its not in ga blame guy. The stock doesnt seem to be taking any sort of umbrage. My father worked for 3m you have to go back. Over here when my father worked for 3m its always been a great company. When it was Minnesota Mining and manufacturing t also located in a great city if i get to visit. You are going well, i dont want to jinx it. You just did. I like 3m and visit the company in the first week of february just happen to be there. Awesome oh, is the super took me a while. Told you not to say it. Its a jinx. Story. This report is all yours. Thank you we have the opening bell after this so thats the idea. What do you think . Hate to play devils advocate but. I kind of feel like its a game changer. I wouldnt go that far. Are you there . Hes probably on mute. Yeah. Gary wont like it. Why . Because hes gary. phone ringing what . Keep going yeah. laughs voice on phone its not millennial enough. There are a lot of ways to say no. Thank you so much. Thank you so were doing it. Yes we got a yes start saying yes to your companys best ideas. Let us help with money and knowhow, so you can get business done. American express open. Something we all think about as we head into retirement. Its why Brighthouse Financial is committed to help protect what youve earned and ensure it lasts. Introducing shield annuities, a line of products that allow you to take advantage of growth opportunities. While maintaining a level of protection in down markets. So you can head into retirement with confidence. Talk with your advisor about shield annuities from Brighthouse Financial established by metlife. Squawk on the street live from the opening bell of the world. Live on this friday. A lot to watch including the jobs numbers above 220,000 Congress Managed to get a stop gap to december 22 we can worry a little more about it then. Look, im old enough to remember when you had a job number like this, you would say i cant even look at the box, it would be hideous the bonds trading at a level where if you were goldman, holy cow, 100 million to go one of the reasons why you dont like the bank stocks no volatilely on this its incredible. If you are in fixed Income Department at goldman, its quiet, its like when you are in detention. Remember, when you werent allowed to talk in detention you never got a detention, did you . No. You probably never got in trouble. Not only good number. Japan, gdp revised up to 2. 5 from 1. 4. Look, it hard to ever say its a good time because we are all so conditioned to say but wait a second how about greece, dont forg forg forget that. Its not just u. S. , have exposure to emerging markets. Whats wrong with that . Nothing they are pushing the Global Portfolio which may make sense for people. Do you think gary cohn is going to come on and say things are slow no, hes going to be positive talk about the numbers and talk about tax reform. I think i go through this and keep looking for some number that says its arrived because we are so conditioned. Japan, not china getting a little better. I know its going to collapse. It hasnt collapsed yet. It has not. A lot of people who believe the enormous issuance of debt in that country creating capacity that was not going to be used was going to fuel eventually a bust. Right adding a starbucks, what, every . Its a big starbucks, man. The biggest in the world. Ill tell you thats attem a testimony many a temple of coffee. I want to be critical because we are journal lists or i play at one. I was looking at disability, people wont come back from that, because disability you get pretty good benefits if you are on disability. Right still a lot of people not in the workforce. Medicare. Labor forces, remains 62. 7, no change really. You could easily say thats not right. Let me give you another one, ill ask this to gary, whatever, mr. Cohn, driver less cars, what happens when they come out thats a lot of jobs. Thats an enormous amount of jobs its a while ago, but yeah, a lot of jobs. You see yesterday anheuserbusch ordered some teslas. Yeah, 40 of them. They ordered some. Its real. Oh, it is real. But its a debate about how quickly it really will become. It wont create jobs though no, its not. Its something to tworry about. Yes, it is. Well get to gary cohn in ha moment but first of all the opening bell at the bottom of the screen celebrating listing on the ny s p. A drug to treat parkin sons and als. See if they succeed good work being done on usf on parkinsons, but otherwise l its been stim mied, als, no one has been able to crack the code there. Alzheimers has been tough, but not as though companies dont see a potential market opportunity. Everybody believes its an all time job if you found something to arrest the progression of the disease. But everyone has failed. Yeah, they are still trying to find the mechanism for alzheimers and dementia. Boeing and microsoft will lead the dow to start. We talked about risks, deutsch bank says risks. I think you have to be concerned about a big run. But this is a Promised Land and google is trading 21 times earnings facebook 28 times earnings what im saying its not expensive. They are not what you thought you would be, especially if you are backed out of cash so just not crazy. I think lee coupe man yesterday talking about cisco trading at 100 times. Some absurd amount 17 yea