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Transcripts For CNBC Squawk On The Street 20160401

In a moment. Also if the headlines, chinas anbang withdrawing its 14 billion bid for starwood hotels. That means starwood will be owned by marriott. Well talk about what is next. And an interesting story around the mysterious anbang. Tesla shares higher this morning. Elon musk unveiling the new model 3 in los angeles last flight. He says preorders are already red hot. Welcome. Good to be back with you. Lots to do today. We have to start with the markets, all of the viewers and listeners following that jobs number. Not a great number, pretty good number. Stock market doesnt like it. The market is torn. I think the most important thing left out of all the discussion, new york and california raising the minimum wage big. Thats how wages go up now. It just shows you you have to push them up. The supply of labor force is so big, in part because of digitization. Ge talks about it. In part because of the loss of manufacturing. These jobs are not highpaying jobs, unless you have a minimum wage ....

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