Jobs Report Beats, Tech's 2024 Start Not "Magnificent," Middle East Conflict Impact 1/05/24
b'Carl Quintanilla and Jim Cramer led off the show with market reaction to the government\'s key December employment report: 216,000 non-farm jobs were added last month, exceeding economists\' forecasts --\\xa0 but October and November payrolls were revised lower. The unemployment rate held steady at 3.7%. The anchors discussed what to make of the early 2024 slump in tech and "Magnificent 7" stocks -- with the Nasdaq in the midst of a five-day losing streak. Also in focus: Red Sea attacks and the Middle East conflict\\u2019s impact on everything from Chevron and Maersk to McDonald\'s, Microsoft moves closer to Apple\'s valuation, Constellation Brands\' earnings, Costco\'s sales jump, a look ahead to next week\'s bank earnings and Jim\'s CEO interviews from the J.P. Morgan Healthcare Conference.\\n\\n\\n\\nSquawk on the Street Disclaimer\\n\\n\\nSquawk on the Street Disclaimer'