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Transcripts For CNBC Squawk On The Street 20160506

Construction employment barely rose. Average howerly earning up 0. 3 . It does raise the debate what about the fed will focus on here. Not the right number. You need you always want that number just a little bit better than what people are okay look for, but not so hot that the ped that people come on steve put a microphone and said, yep. This is not the number that a bull would want. Theres just not enough strength. And its unfortunate that its coming at a time when were getting numbers out of china not as strong as the previous month. Were seed the commodities coming down. Maybe some of them were juked up by chinese excessive buying. Scenario that justified a very big run in the industrials is not is in act as it was pch and the most recent pull market in the Consumer Product stocks is looking like the right one for now. A very narrow one. As you said, time to go back to the clorox market. I cant believe it is. But it is. They do well in this environment. A lot of companies, were loo

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