a very good morning to you. this is worldwide exchange. i'm wilfred frost. >> i'm susan li. here are your headlines from around the world. >> not convinced. standard chartered failed to surprise investors. this as they swing in a loss in the third quarter. >> ubs also in the red after the swiss lender pushes out it's profit target. the volatile till is set to continue. >> if you look at the wealth management that kind of

volatility for clients is paralyzing and you see it in our transaction revenues which were low but thank god we were able to offset it. >> call of duty meets candy crush. actvision buys king digital in a deal it hopes will expand it's mobile footprint. >> another twist in the road for vw. u.s. regulators expand their investigation into luxury cars dragging porsche and audi further into the scandal. despite an incredibly strong october we managed to get a little bit of gains in europe yesterday and the same is true once again despite a negative open for the stoxx 600. it takes us into 20 basis point of gains so far today. let's have a look at the individual markets. where is that playing out?

we have the ftse 100 up today. it was down yesterday weighed by the mining sector because of china's pmi. germany is just below flat. france the other side of flat where as italy is up a nice 0.6%. >> checking in on shares of standard chartered bank. they raise $5.1 billion in capitol and this is part of a radical overhaul being introduced for the new ceo. they'll also slash some 15,000 jobs and close some 10% of its branches. it also follows a 3rd quarter loss in performance and described as being disappointed. the first quarterly loss since the asian financial crisis. he had to go back to 1997 and they announced this $5 billion rights issue so for every 7

shares that you own you get two back and if you're in hong kong you get a 29% discount. here in london you get a 35% discount. clear that it's hitting it's first quarterly loss. over this long period it's had to try to change it still hasn't managed it and bill winters at the helm trying to push it through and he said there was a clear need for change as income fell as you said 18% and just amazing how long this bank has taken to face up to that and turn around and now exposure in the areas that are slowing and didn't capitalize where the areas were growing. >> i would disagree with that. even during the global financial crisis in 2008 they were reporting record profits and some say being so heavily

engaged in emerging markets helped them during the downturn in 2008 and 2009. there's a slow down taking place in the emerging world like china and the rest of the asia pacific so that's not hoping a bank like stand chart. >> no. that rights issue has surprised people to the down side. ubs softens profit targets for the next five years. let's get out to carolyn. >> good morning to you. a bit of a mix. wealth management, that was a bit of a disappointment because we saw slower inflows, particularly in asia. the wealth management growth margin fell. also we saw a repricing for the wealth management accounts so that had an impact on that part

of the business as well. actually on the other side wher, we had the investment bank and that did well as well. specifically the fx side of that that did a little bit better than expected and that is at odds with what the other investment banks have shown us. the likes of credit suisse for example and here is where they did better than the rest. i also want to tell you the fact that ubs has pushed out it's profitability targets by at least one year. why? it is because of tougher regulation. the too big to fail regulation that's been toughened here in switzerland but also the fact that interest rates are going to be lower than what the market had previously thought. also the risk weighted assets guidance that has been upped a little bit. costs will be higher. so overall ubs taking a more cautious view and pushing out some of their targets. i did get the chance to speak to

the ceo this morning and here's his take on the last quarter. >> i'm very happy with the quarter. very solid operating performance. in a very challenging environment. not only due to seasonality but what happened in the quarter. the fed hiking, not hiking. geo political issues, you name it. i'm happy with the way we manage our rates but also the way we manage the clients risk. >> you benefitted from the fact that we saw so much volatility in the chinese markets. maybe we saw more of the bad volatility versus the good volatility. to what extent was that a head wind versus a tail wind when you compare? >> very. that kind of volatility for clients is paralyzing the environment. so i think that you see them trading and activities but when it goes out to wealth management clients they paralyze across the

board. you see it in our transaction revenues which were low but thank god we were able to offset it with a very strong mandate penetration and fee based businesses. >> are you brave enough to give me an outlook for the fourth quarter and going into next year? fourth quarter is seasonally one of the weakest ones. people slow down for christmas but also there seem to be more regulatory head winds. >> i have to be boring because i have been saying the same thing for the last three years. the outlook is still very, very challenging. all the issues that we have in front of us are still unresolved and i do think that it takes a lot of focus and discipline to continue to manage the best out of it. >> and the fourth quarter, current trading, similar to what we saw in the third quarter? >> i don't see any major changing in respect to what we saw in the last few quarters. extreme changes in market sentiment and client sentiment. so it's difficult to predict any

quarter out of a month. >> you did push out your tangible equity target a little bit next year. what's the main headwind that could impact your return on tangible equity? >> first of all i'm glad that we will substantially beat our suspected return on standard liquidity targets this year. getting much higher than the 10% we predicted. two factors, first the interest rates. the outlook for rates are 120 to 150 basis points lower than consensus. 2nd is the cost of regulation. we'll take actions to offset this and feel comfortable that we're going to get closer to our 15% targets so we move forward. >> wealth management saw significant outlows but offset by some inflows. but overall the inflows did slow down quite dramatically. i know there was a major repricing issue that you

undertook that exercise and you say you managed it quite well but apart from that, is gathering assets still challenging? >> well, you have two factors. first of all, the market sentiment also drove the leverage of clients down so that accounted for almost 3.5 billion. so in addition to the 3.5, $4 billion of liquidity changes and then the second issue is clearly wealth creation, growth, gdp. you look at it as a proxy of wealth creation. if we have a slow down of course you have a more difficult environment. also because clients have not been able to monetize many of their assets. >> that was the ceo of ubs speaking to me earlier today. also there will be an internal management shuffle at ubs. the current ceo, he'll be moving over to the u.s. business, specifically the wealth management and that should be a pretty good fit given that he is american. he has worked over there for such a long time. the new cfo will be kurt

gardener who is currently the cfo of the wealth management unit. that should come in pretty handy given that the bank is putting a much greater emphasis on wealth management as opposed to the investment banking side of the business. back to you. >> thank you if that. let's have a look at other movers. imperial tobacco is trading in the green this morning after seeing an up tick and saying it's well placed to meet expectations for 2016. the group behind it says underlying tobacco net revenue rose 3.1% in the year to september 30th. squawk box spoke with ceo in a first on cnbc interview and asked him about the group's investment in the e-cigarette market. >> we have invested heavily behind the brand called blue. and adding that to various investments made overtime in technology and in capability.

we built a strong presence in the u.s. and u.k. markets we merging presence in a number of european territories. we believe that e-vapor is the way forward and sustain our investment in that opportunity. we believe it will grow from strength to strength. >> shares in kloeckner are trading in positive territory this morning despite a net loss on the third quarter. you can see it's up .7% but it did have a sharp fall just a month ago when it did prewarn and reset expectations ahead of this set of results. the group expects it before restructuring expenses of up to 85 million euros. less than half of 2014's figure. >> stay tuned. we'll be speaking with the ceo. that's a first on cnbc interview at 10:30 cet. bmw beat estimate with the third quarter earnings.

they delivered a surprise 21% increase in net profit fuelled by strong sales growth in it's core european market. sales rose almost 7% leading the auto maker to reaffirm it's target. shares trading higher on the back of the results. up 0.4% as you can see. a new blow for vw as the emissions scandal spreads to porsc he recollects and audi. they are now investigating their larger vehicles such as the porsche suv. the news hitting shares in vw. down 3.7. porsche down 3.3%. >> coming up on the program, getting some skin in the game. activision puts it on the table for king digital but can the company recreate it's success.

>> the stock sells off, why investors turned sour later on in the program. and if you can't handle debate moderators, good luck with the kremlin. why president obama is blasting gop candidates.

small gains for europe's equity markets. let's check in on markets in asia. sri is standing by for us as ever. >> it's broadly been a risk on day for the asian markets. the markets overhere like the fact that we saw it overnight and the fact that the dow turned positive for 2015. and there's also a sense that we are starting to see some stabilization in the data establishly out of china. the pmi manufacturing activity earlier on this week hinted at stabilization, especially on the external side where we did see a pick up. but there's sizable inventory overhang in china and we need to have more conviction in terms of the economic recovery. i want to highlight the meetings we had today.

the main one was the reverse bank of australia. rates on hold at 2% record low but the statement in my opinion struck quite a dovish note and the rba clearly is keeping a rate cut. still on the table. may not be a 2015 story. they are open to easier policy. liking what they heard in the statement. the market up by 1.4%. so for the rest of the week it will come down to the u.s. and the narrative is data dependent. we have to be data watching and it's all down to the nonfarm payrolls. if we see a figure of 200k plus that could be pro and pro risk as well and could put december back in play for the fed and the first fed rate hike. whether the asian markets are ready for a higher rates environment is still a big open

ended question but the sense that i'm getting is that the markets have pretty much adjusted to the first fed rate hike although don't count out headline volatility in and when it does come. back to you now. >> thank you so much. let's talk about m&a and maybe a way to pave the way for m&a. molson coors is in advanced talk to buy up sabmillers stake in their joint venture. a deal that could help seal the takeover bid. it comes ahead of wednesday's deadline to make a formal offer for sab. now last week it emerged that ab inbev hired bankers to explore the u.s. assets and it's bored as you see across the way here. we're looking at not much movement today. now pfizer held talks about a

possible takeover before then turning to allergan and deal discussions con fefirmed last w. pfizer was rebuffed by a potential suitor and talks are now dead. discussions did not continue long enough to include price negotiations. cnbc will be speaking to the ceo, a first on cnbc interview from new york tonight. >> right. it's game on for activision and king digital. the call of duty creator is buying the group for $5.9 billion in a bid to tap into one of the largest group of mobile gamers in the world. the all cash transaction is at a 26% premium to king's closing price yesterday but below the level at which king went public last year. now the mobile gamer has been struggling to recreate the

success of candy crush saga which still creates for more than a third of its revenues. overall spending on king titles fell 13% year on year for the last quarter. >> yeah i was wondering why you got candy crush, bubble witch and farm hero saga. >> i'm such a pro. that's why i went for these ones. >> i got the hardcore gaming side. >> that's what you do all weekend, right? shoot them ups and that kind of thing. >> i'm into those kind of games apparently. so we got call's all just start behind me. the official proceedings just about to get underway. a lot of the big names that you mentioned actually present here. facebook has a huge presence here on the ground at web summit. some of the others, google, paypal also here. but this is about connecting up investors with some of the young players and the would be

disruptors in the industry. you mentioned that big deal with activision and king digital. this is about staying on top as you have so many new players and innovators disrupting traditional models. we're having a lot of conversations here on the ground. one of the most interesting ones is about sport. you can see sustained growth used year after year but you haven't seen an enormous amount of innovation which is right for disruption. now if i can just point out what's happening behind me. we have them about to hit the stage, this is the creator and founder of web summit. in recent weeks web summit is going to be staged in dublin for the last time. it's going to be heading for lisbon. this is embarrassing for the irish government. it was one of the most successful countries doing that and web summit was one of the success stories in that regeneration here in ireland. so the company itself has

complained about the lack of support from the government with a lot of traffic outside the venue. erratic internet collections and sky high ticket prices making it hard to get access here. the ticket itself is about 2,000 euros for four passes at the prices. the airfare makes it an expensive venture trying to get a start here. i can just show you, i'm not sure if you can see him behind me. he's just starting to address the crowd here behind me and this is a big moment. it explains what's coming up. the 30,000 speakers. 30,000 people on the ground. lots of speakers from the big players who are going to lend their industry advice to some of the smaller players. i just heard that susan does hardcore gaming on the weekends for fun. wilf i know you do a lot of political interviews. we'll be speaking to a man that does coding for fun. he'll be coming up later on in the program guys. >> thank you very much.

i'm not sure i just do random political interviewing on the weekend. i'd be doing it on the wrong day of the week. but perhaps i prepare for it. thank you for realizing how diligent i am on the weekend preparing for that. >> i'm a hardcore shoot em up gamer on the weekends and you're a serious political interviewer. >> fans can celebrate the so-called original convenience food. sandwich lovers will appreciate the world's longest baguette baked in italy last month. today is also the birthday of the fourth earl of sandwich. he's the one that invented the modern day sandwich. so as we celebrate, national sandwich day, wilf. >> indeed as we celebrate stateside we are asking you for your favorite sandwich. i think -- before we get to having a bite of these

sandwiches, we should rephrase this, it's your favorite sandwich other than the one that we all know is the best globally. >> what's that. >> a burger. a cheeseburger. no question about it. >> they do have national burger day. so we can't overlap the two. >> it has two bit of bread with a filling inside. >> i thought you would say something more traditional. something british like a bacon sandwich or something. >> that's another good one. >> that is a good one. >> now he's thinking about that. >> a bacon sandwich and ketchup and put a bit of egg and sausage in there as well. >> this has mayo, chicken, we should save it for later to be honest. >> it's a good one too. >> we'll refuel. it's a two hour show. >> a lot of great option options @cnbcwex. what's your favorite sandwich on national sandwich day. >> still to come on the program, shell is learning to live with lower low. the latest on the energy giant's new cost cutting plans after the short break.

>> this as the asia focus bank swings to a loss in the third quarter. >> ubs also in the red today after this swiss lender pushes out it's profit targets.

ceo telling cnbc that volatility is set to continue. >> if you look at wealth management that kind of volatility is paralyzing. you see it in our transaction revenues which were low but thank god we were able to offset it. >> call of duty meets candy crush. activism blizzard in a deal it hopes will expand it's mobile footprint. >> another twist in the road for vw. u.s. regulators expand their investigation now into luxury cars dragging porsche and audi further into the scandal. >> we got some u.k. construction pmi breaking as we speak. it's come in for october, 58.8.

that's slightly below september 59.9 but in line with what the poll was. so 58.8 and as you can see in line with expectations. and i'm going to bring in the head of research. we got a big move yesterday when the manufacturing pmi came out. a huge surprise to the upside. >> next to domestic demand exports were supporting orders and manufacturing activity which is good news for the boe which triggered a more dovish

response. we did see it again with respect to the pound. people buying the pound running the risk of triggering similarly dovish response on thursday. >> this latest data was good news for the bank of england. good news in that the underlying economy is doing well but could that force it to act sooner than it otherwise would like? by that i mean before the fed. >> historically it was the case that the boe was move ago head of the fed. the fed will move in december followed by bank of england in the second year. obviously for many investors, similar to what other people are writing, indeed, the improving data, not only manufacturing pmi, industrial production and retail sales pointing at more resilience in the domestic economy. all of that was for them to call for a growing bias toward higher

rates before long. that may be too early. they're conscious of the fact that should they signal a willingness to hike rates before long especially given the negative inflation. that could trigger unwarranted appreciation so i think that a little saying, people buying the pound at current levels may be risking a dovish response. >> we have janet yellen on capitol hill once again at the house banking committee and then also of course the print. >> stronger market impact and also a few other fed speakers. our call is for december. it's the case that market position has corrected quite a lot of discussion with clients in recent days suggest that the markets or investors are quite skeptical so it may be overstating the true market

position. the dollar may be a bit more sensitive to positive surprises for more hawkishness by the fed here than that. >> but haven't they backed themselves into a corner? she is going to hike interest rates this year and she wants to. >> that's the message we get from clients. it makes it almost close to impossible for them to hike rates. it's maybe overdone. the fed is just trying to make a decision meeting by meeting so they're monitoring the data. markets are missing at the moment two important things. one is improving financial conditions. various pressures are pointing at sustained easing in those conditions and that could make it easier for the fed to hike rate and the second thing is the payrolls themselves. they responded to the weaker than expected october. indeed september and october payroll which is are well below 200k. if the u.s. is in full

employment there's research for these not so long ago arguing that we do not need 200k necessarily. so by implication, it could suggest that the market have maybe overreacted to the latest weaker data and indeed the signals from the fed. >> although we have seen following the hawkish tone from last week's meeting we did see against the euro. we've seen the strengthening of the dollar and yields on the u.s. bond market tick up suggesting there's some pricing in of the more hawkish stance. however let's move on and touch on the aussie dollar. quite a big move today to the upside when they failed to cut rates. almost 1%, in fact. does that signal a more prolonged move or is it a one off daily correction. >> you argue there's the scope for further positioning squeeze. it will be retail sales later in the week if these do not disappoint markets will unwind. more shorts there. the fact is however that it may

be too soon for a reversal high in the australian dollar. >> i think the outlook for china remains challenging. we're not seeing further deliberation in the chinese data but need not wait for too long before that happens. it doesn't mean that china wants slow down further by implication. head winds for global growth and commodity prices remain firmly in place. >> there have been some really strange moves in the yuan lately. so the biggest depreciation in a decade or something like that. i think that was offshore and this is in anticipation of being in the imf sdr basket in november. has that been priced? >> the majority of the clients we talked to do expect that to happen at some point. the announcement is expected sometime later this month and

referring to reform taking place later next year. what it also highlights is that if you couple that further slow down is it may not be as profitabili profitable. that need not change the outlook for the chinese economy as a whole. we think the longer term risks for commodity prices may still be on the downside. >> let's have a look in on commodity prices and feel what the oil price is doing today. just a slight move for brent 248.9. wti up about .5%. not been too much movement the last couple of days. october of course very positive. oil in the first half of the

month very negative oil in the second half of the month. now shares of royal dutch shell are trading in the green after they announced plans for additional cost cuts saying they make the takeover work. they now expect it to increase by $1 billion and for the takeover to be completed early in 2016. shares up as you can see half a percent. >> we'll stay with energy related news with transcanada. that's a company behind the keystone pipeline asking the u.s. government to stop it's review of the $8 billion project that has now sparked a political war between the oil industry. the move is seen as an attempt to avoid rejection by u.s. president obama postponing the decision until after the 2016 vote. hillary clinton opposes the keystone pipeline while many republican candidates support it as a way to make the u.s. less reliant on foreign oil. transcanada that does trade

down .5%. alcoa plans to idle three of the four active u.s. plants they have it. it will smash annual capacity by 500,000 tons as they contend with sink metals prices have plunged by a third in the past year. alcoa prepares to split into two separate companies. seeing gains of .5% and a lot of commodities of course have been suffering with the on going chinese economic slow down. well, the chinese president xi jinping said the annual growth rate should be no less than 6.5% and according to the state run news agency, the countries economic growth would have to be at least that level over the next five years in order to realize his economic goals by 2020 so the comment follows the approval of the new five year plan last week and looks like the floor is set for gdp at 6.5 until 2020.

>> now let's have a look. shares in german distributor are trading in positive shares this morning. on a combination of the slumping price of steal and cheap imports for china. the group expects it before restructuring expenses of up to 85 million euros. less than half of 2014's figure. as you can see the shares up 1.3% today but still down over the last three months by 5%. >> thank you for joining us today. how tough is the environment at the moment at your sector? i wonder if you ever wake up and wish instead you were the ceo of an internet start up. >> yeah, the environment remains very tough.

commodity prices will remain under pressure due to the overcapacities in china. china will import about 100 million tons of steal globally and with this market prices remain under pressure and this is a reason why we're also not very confident for the fourth quarter. there might be some relief next year due to antidumping measures in the u.s. >> china has a big impact on why the sector is under pressure as you're correctly pointing out but are you actually critical of china? you mention the word dumping there. they also were responsible for the huge growth that your sector saw for decades before this. so can you be critical of what they're doing at the moment or do you have to deal with it? >> yeah. i'm not critical. i'm only saying that with this markets are no more in balance and you're right.

so try to indus the growth we had by the end of 2007, 2008. china was switching from an importer to an exporter. now we're at a level where the markets are so much out of balance that antidumping measures are necessary. if not, then the european steal industry will come under enormous pressure going forward. >> chairman, i'm just wondering, trying to get a sense of where steal prices might -- i don't know, where bottom is. we're looking at 170 tons. $170 per ton since beginning of october and that's come down a lot from the $400 a ton that we've seen just in the past 12 months. i'm just wondering if we have lifted off the bottom in your

view. >> yeah. we are probably close to the bottom because iron ore is down to about $50. so it's not that much room anymore. so i expect that we will see probably the bottom latest beginning of next year. and then antidumping measures can work already in the u.s. and maybe at a later stage in europe so that there is a chance of some slight up tick a slight recovery should be possible. >> you mentioned closures in the steal industry in the u.k. in recent weeks and months. how close is the german steal industry to closures of a similar nature? >> yeah, the german industry has been a bit of a different

situation. they're protducing more for the automotive industry. it's at least so far not that much under pressure. it's changed to a certain extent now when the contracts are negotiated for next year and the pressure is primarily everyone who is producing commodities. >> great stuff. thank you for joining us today. chairman of the management board. >> still to come. we're going after new users after missing the street with third quarter revenue. can paypal prove there's growth beyond e bay? we'll hear from the group. that comes your way next.

170 million customers worldwide. let me introduce you to you the global direct tore at paypal. >> thank you for having me. >> what's fun about writing code? >> what's fun about writing code is you can make something and see something happen there and then. you don't need to go to the diy store and get nails and a hammer. you can. >> you're heavy on the ground here. what are you doing? >> brain tree that's part of paypal, we were a start up until paypal bought us and we now work with start ups and trying to help new businesses do payments. we're here meeting our core customers which are the start ups. we're here. we can help do some start up education. so we have talks on how to set up payments and work payments

and of course there's a start up celebration so we'll have a big party on wednesday night to celebrate the start up community. >> let's delve in a little bit more. this processes payments for uber for instance. how is this different when you're writing code and developing these networks. >> paypal is a way to make payments. you open a wallet where you can make a payment like we all know. brain tree processes mainly credit cards. if you want to pay with a credit card or am pay and android or google pay and you want to pay with bitcoins then you use braintree. >> let me ask you about the difference in the company now because we mentioned that you had this for me since the listing and the ipo earlier this year. how are things going now that the training wheel versus come off? is it much different as a stand alone company? >> we're still doing what we did before. the reason we were so successful is paypal was processing

payments and doing that in a great way. so since we split from ebay they're still one of our biggest customers and doing what we did before. >> 10% is e-commerce and 1% is wallet. 99% of that market is open for us to delve into. >> interesting when you talk about mobile as well. that's where a lot of the payments are going. paypal had a third of its transactions on mobile. >> more people are starting to shop on their cell phones or

mobile phones so having our one touch system which is a no click payment check out makes that happen because no one wants to fill out long forms on a cell phone. >> there's a lot of would be disruptors out there to bring behind you and right across the globe but already at the top of business you have apple for instance operating. some of the banks are getting involved with online payments. jp morgan chase is building out technology. where do you see the biggest threat coming from. >> it's great and now we're looking at money and how money is changing. i'll be talking about this but literally we're getting to a point where the way we pay for stuff, the way we save t way we interact is changing into something that's real time. no longer have you got big vans full of cash leaving and trains getting robbed by phil collins. now you have instant money being moved back and forth to people all over the world and having that cell phone and 7 billion

mobile fans in the world. that's more than our bank account. >> it's a delightful scenario for would be hackers and some have been hacked in the recent weeks. some of the customer details have been stolen. paypal has 154 million consumer credit cards. you built systems in the past for detection. how do you stay ahead. >> you invest. make sure you're ahead of them. earlier this year we bought a company in israel and that will help us a huge amount in dealing with fishes. we have another part in our fraud detection center in israel. so investing in technology, working on technology and making sure that you're always ahead of them. >> good to speak with you good. good luck here. global director of paypal joining us here on worldwide exchange. i'm just falling off my platform here but let me tell you who is coming up. a lot of speakers. the cto of general electric. interesting conversation about the industrial cloud and how a lot of companies are investing

in that space. let me toss it back to you. >> i know what you're doing. you're rehearsing. you're getting ready for the nfl guys and they're combative. it's like a contact sport. >> exactly. >> i see that. there you go. san francisco 49ers, dolphins coming your way. >> let's talk about the u.s. president obama. he says if you can't handle debate moderators then good luck with the kremlin. that was the view from the president. obama lampooned them following the rumbling over last week's cnbc debate saying their overreaction demonstrating their potential inability to influence global powers. >> have you noticed that every

one of these candidates say obama's weak. putin is kicking sand in his face. when i talk to putin, he's going to straighten out. just looking at him. and then it turns out they can't handle a bunch of cnbc moderators. >> but on a serious note and on the foreign policy front, president obama says a planned deployment of special forces in syria does not break his promise of not putting boots on the ground. speaking with "nbc nightly news" obama says the move is just an extension of what the u.s. is already doing. >> investigators are awaiting the results of the two black boxes recovered from saturday's sinai plane crash which killed all 224 people on board. if egyptian authorities face problems decoding the data the

black boxes could be sent to france according to reports citing the russian aviation authority. this comes as a russian aviation official says it is too early to draw conclusions about why the aircraft went down dismissing claims that only an impact during flight could have caused the crash. the united states offered it's support into the investigation though white house spokesman josh earnest did not confirm if the offer had been accepted yet. nbc's bill nealy is in cairo and filed this report. >> the wreckage tells a story of a plane that broke apart in mid-air. scattered so far a satellite was used to find debris. each piece a clue in this mystery. investigators worked on the two flight recorders today extraktding information but releasing none. they claim a technical fault

couldn't have caused the crash blaming an external impact. russian officials insist that isn't based on fact. >> one fact we know is that the boomed plane was involved in a previous accident. it's tail hitting the ground landing here in cairo 14 years ago. >> nobody is ruling out terrorism. isis that operates in the area claims it downed the plane. egypt and russia discounting that. the u.s. is not. >> we don't have any direct evidence of any terrorist involvement yet. >> the bodies of nearly 200 people are back in russia now. among the dead, the sheen family pictured leaving for egypt and the youngest victim, 10 month old dorina waiting to go home, lost in a disaster still to be explained. nbc news.

>> hello, everybody. welcome to worldwide exchange. >> here are your headlines from around the world. >> a great start to november. u.s. stocks closing higher lead by the small cap index. while the nasdaq hits a 15 year high. >> call of duty meets candy crush. activision buys king digital for $5.5 billion. >> healthy earnings for fitbit but the stock sells off in after

hours as a w