Canada tariffs, McDonald's value push, El Paso airport and more in Morning Squawk

Performance Review - The U.S. labor market added 130,000 nonfarm payrolls in January, exceeding the Dow Jones consensus estimate of 55,000 jobs, with the unemployment rate decreasing to 4.3%, the lowest since August [2][6] - Job growth was primarily concentrated in health care-related fields, but annual revisions indicated payroll gains from April 2024 to March 2025 were 898,000 lower than initially reported [6] Tariff Turnover - The House of Representatives voted to overturn President Trump's tariffs on Canada, with a vote of 219-211, reflecting a symbolic rebuke of Trump's economic policy [3][4] - The U.S. generated $30 billion from tariffs in January, marking a more than 300% year-over-year increase, which helped reduce the federal budget deficit [5] Company Performance - McDonald's reported a nearly 7% increase in domestic same-store sales for the fourth quarter, attributed to successful promotions and a focus on value [7][8] - Restaurant Brands International, the parent company of Burger King, also reported better-than-expected fourth-quarter results, with same-store sales outside the U.S. rising 6.1%, surpassing analysts' estimate of 3.7% [9] IPO vs. IOU - Wall Street is currently focused on debt issuance in the tech sector, with a UBS report estimating global tech and AI-related debt issuance could reach $990 billion in 2026, up from $710 billion in 2025 [11][12] - Major companies like Oracle and Alphabet have led corporate debt sales, with Amazon, Meta, and Tesla expected to follow suit [12]