Musk says Tesla will end Cybertruck production next year

A jobs report on Friday showed hiring accelerated in October, providing the first major snapshot of the economy since the midterms as the stock market seesaws in response to the election results. Employers added 165,000 jobs in October, an increase from 60,000 jobs added a month earlier, U.S. Bureau of Labor Statistics data showed. The unemployment rate ticked down from 4.2% to 4.1%. The reading for October came in much higher than economists' expectation of 59,000 jobs added.

Employers across the U.S. added 165,000 jobs in October, soaring past economists' forecasts and signaling that hiring is accelerating despite headwinds such as inflation. Hiring came in much hotter than expected, with economists polled by FactSet predicting the economy added 65,000 new jobs last month. The unemployment rate stood at 4.1% in October, dipping from 4.2% in the prior month. The Labor Department on Friday also revised up payroll gains for August and September by a combined 84,000, a sign that hiring those months was more robust than previously reported.

The dust continues to settle after Democrats' sweeping victories in the midterm elections. Follow live updates here.

Ohio's Democratic Gov.-elect Amy Acton said Friday that she has "no intention" of speaking to Vivek Ramaswamy, her Republican opponent in the governor's race, after he ran what she called a "terrible and despicable" ad featuring her estranged mother. In her first TV interview on "CBS Mornings," Acton was asked whether she had spoken to Ramaswamy since she defeated him in Tuesday's election . Ramaswamy said during his concession speech that he called Acton and left her a message to congratulate her on her win.