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Transcripts For CNBC Squawk Alley 20160511

Joining me, and our guests as well. And good to see you. And jeff bezos with another alltime high up 40 in the last three months bringing the stake from up to 48 billion. And amazon and macys going in different direction, and what is your take on the Department Store drama . Well, clearly the market is saying something is secular and something faster is going on than we were considering before, and clearly not the weather or the fashion cycle or the apparel, because that is one of the concerns, too, and for the markets, one of the biggest problem is that there is no good way for the investors to express this shift or the play it through the single name of amazon. Amazon is one quarter of the s p Retail Sector and not 25 of the sales, but maybe it will be soon, but to me, it is this distortion is going farther. And where you are in seattle today, amazon has thought to be chan ....

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