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Transcripts For CNBC Squawk On The Street 20120531

we ll see where that goes later this morning. our road map starts with the markets. the worst monthly decline since september. nasdaq down 7%. how we re setting up for tomorrow s jobs reports as worries about spain continues. morgan stanley on the defensive over facebook at new lows. defending bankers behind the deals saying they worked 100% p with the rules. big disappointments from gap and costco. trade from retail analyst. we start off last trading seg for the month of may, down 6%, on track for the biggest monthly decline since september 2011. s&p, nasdaq and russell 2,000 down more than 6%. jobs picture taking center stage, 133,000 private sector jobs were created in may short of the 155,000 jobs wall street expected. that along with jump in jobless claims shines a spotlight on may s unemployment report. tomorrow is the big event here. the jobless claims numbers, though, a little bit i want to say not clean. not a clean number, because five states had to submit e

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Transcripts For CNBC Squawk On The Street 20120210

take a look at europe as well, obviously everyone trying to make sense of what would happen in greece. ftse is down. and we ll keep a close eye on similar/euro today. so let s hit a road map for this friday morning. as carl mentioned this could be one of the biggest losses for the year. oil falling from its three-week high. europe the main reason for this pullback across the board. european finance ministers says greece s bailout plan must be approved by parliament. maybe why bill gross has to treasuries to the highest since july of last year. still goldman sachs says there are some upside risks for their forecast. no changes to estimates yet, but the data over the past six months are good. shares are soaring premarket as it s good news for the ipos that followed in its footsteps. and apple s date with $500. momentum does seem to be there. are there gains masking underlying sluggishness in stocks, in earnings, in valuation, and a lot more. weep talk about that with all

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