Former Walmart US CEO on the two metrics he uses to gauge consumer health

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Bill Simon, former CEO of Walmart US, joined SquawkBoxCNBC earlier today, to discuss why he believes the consumer sector is “strong” despite the drop in retail sales last month.

The September retail sales data showed a drop for the first time in seven months, making some investors wonder if the consumer is showing sign of cracking. Bill Simon, former CEO of Walmart US, joins "Squawk Box" to discuss.

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