First on CNBC: CNBC Excerpts: CNBC's Sara Eisen Sits Down with Nike CEO Mark Parker Today

WHEN: TODAY, FRIDAY, MAY 8TH

WHERE: CNBC'S "SQUAWK ON THE STREET"

Following are excerpts from the unofficial transcript of a FIRST ON CNBC interview with Nike CEO Mark Parker today on CNBC's "Squawk on the Street." Following are links to video of the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000378000 and http://video.cnbc.com/gallery/?video=3000377992.

All references must be sourced to CNBC.

PARKER ON NEW TRADE BILL:

We actually are here to discuss with the President the new trade bill that he's working hard to put through. We're excited about the potential that this bill has to offer. For us it creates an opportunity for us to create jobs. To drive economic growth I think for the company and to really push innovation.

PARKER ON PROGRESS:

I'd say that we're incredibly proud of the progress we've made. It's been a huge commitment for Nike over the past 15, 20 years and it's been a long road and it continues to be a road that we're on. We have a deep commitment to worker's rights to improving conditions within our contract factories.

PARKER on WEARABLES:

We remain committed to digital connections with consumers not only with tracking and sensing through partner relationships, but also just the complete digital eco-system. How we connect with consumers in terms of commerce. How we connect with consumers through communication. And then certainly sport experiences that we create. This is going to continue to be a really important part of our future.

PARKER ON SLUGGISH CONSUMER EFFECT:

PARKER: We haven't seen the effect directly on our market here in the United States. Our numbers here in the US are actually quite strong. I've heard people talking about how can you sustain in North American for so long. That discussion has taken place for 20 years

EISEN: Is it the category is it just ath leisure is strong or is it something

PARKER: Really across the categories across the portfolio Converse, Nike, Jordan very strong brands. The category offense has actually helped us become sharper and more relevant for each of the consumer segments by sport category. We expect that will continue. We're not seeing the consumer backing off. Excited about what potential exists in North America and the other key markets as well like China and Western Europe.

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