Markets Fall On Jobs Report, Assessing the Corporate Layoffs Picture and Musk Talks Tesla Semi: "Badass" 12/2/22

Jim Cramer and David Faber led off the show with reaction to the stronger-than-expected November employment report, which reignited market fears of aggressive Fed interest rate hikes. 263,000 non-farm jobs were created, the unemployment rate remained at 3.7% and wage growth surged. Was Wednesday's "Powell Rally" ill-advised? The anchors also assessed hiring freezes and layoffs in the tech and banking sectors. On the autos front: Ford vehicle sales fell in November but EV sales more than doubled from a year ago. Tesla delivered its first heavy duty electric semi to PepsiCo. CEO Elon Musk described the truck as a "badass rig." Also in focus: Marvell shares sink, crude oil's big weekly rally, Barclays downgrades Blackstone following BREIT limit, plus the anchors weigh in on Credit Suisse, Disney and Salesforce.