Mixed Market, Jobs Blowout, SPAC-Tacular, NEC Director Brian Deese

Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber discuss the massive swings in the market. High-flying tech names taking a hit. Stocks swinging between gains and losses after a stronger-than-expected jobs report. The labor department reporting that nonfarm payrolls jumped by 379,000 for February and the unemployment rate fell to 6.2%. David Faber’s SPAC wrap for the week. He takes a look at the SPAC boom and if we may be nearing a bubble. CoStar dropping its bid to buy real estate data company CoreLogic, saying rising interest rates will hurt CoreLogic’s value. Plus, Carl, Jim and David dig through the big movers of the morning from Gap to Western Digital. And, reaction from the administration on today’s jobs report. National Economic Council Director, Brian Deese, joining Carl, Jim and David to discuss the jobs report and the 2021 economic outlook.