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Transcripts For CNBC Squawk On The Street 20160505

In libya. Ali baba on the move this morning. Noted short seller jim chenos saying hes betting against the company. Hes also shorting tesla. Were going to hear what elan musk had to say. Donald trump not pull anything punches as usual on squawk this morning. His harsh words for janet yellen. And j. D. Has outbased. I go over the ali baba i think the real takeaway is china, Consumer Spending is very good. Thats my feeling. You think thats too brought, brought takeaway . Ah, no. I mean, listen, this is the cleanest gauge you can get of Consumer Spending. The move to mobile, by the way, is really incredible and pronounced. Now that, of course, is just something weve seen across the board when it comes to commerce, ecommer ecommerce. But the numbers were stark. Theyre now at 70 of china commerce Retail Revenue generated via mobile. You can see how its pulling everything up. Look, i think alibaba, for americans, its just yahoo . Somethings going on there. No 34 million. It adds up, 5 bucks o

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