Morning Money Memo:

U.S. markets are looking at a strong day on Wall Street, following positive labor market data for last month. Equities are up to start the final trading day of the week, on the heels of a 211-point gain Thursday. January jobs numbers showed nonfarm payroll increased by 257,000, exceeding economists' expectations, while workers' wages also grew. The unemployment rate also rose, up 0.1 percent from December to 5.7 percent. Oil prices are also recovering, up over 3 percent on the day.

Top finance officials from Germany and Greece met Thursday to discuss the details of Greece's debt, which stands at 170 percent of the country's GDP. The far-left party Syriza swept recent elections in Greece, campaigning on an anti-austerity platform that caused widespread concern over a Greek exit from the eurozone. The two leaders discussed a bridge program through the end of May that would set up negotiations for a new contract with the European Central Bank, International Monetary Fund and the European Union. Finance ministers from 19 eurozone countries are set to meet next Wednesday to discuss Greece's debt. Euro markets are mixed this morning.

A childhood favorite is set to rule the box office this weekend. Paramount's animated film "The SpongeBob Movie," featuring the lovable childhood sponge that lives in a pineapple under the sea, is expected to gross $35 million this weekend. The film would beat out January's blockbuster "American Sniper," and is expected to compete with high-budget release "Jupiter Ascending" for second place with around $20 million apiece. "American Sniper" dominated the box office last month.