these are your headlines from around the world. >> a $10 billion day. china's singles day shopg frenzy helps alibaba soar past last year's record. we'll be hearing from jack ma on squawk on the street later on today. >> hold your bets. new york's attorney general bans draft kings and fan dual saying their operations amount to illegal gambling. sab miller and ab inbev getting serious about their $105 billion

deal as shares boosted by restructuring plan. we're going to be speaking to the ceo of carlsberg first on cnbc about the challenges it's still facing in russia and china. >> the bank of england governor tells bankers we're ending the age of irresponsibility. this ahead of mario draghi that could signal further easing. >> okay we knew it was going to be big and it's proven to be the case. a $10 billion day for china's singles day. you see the heart here. november 11, it was a shopping frenzy soaring past last year's record with alibaba raking in a whole lot of dough and they took in half that amount of last year's take in just 19 minutes

on the day. eunice filed this report on the antivalentine event. >> singles day got off on a solid start and the numbers are impressive. the chinese post office expects 760 million packages to be shipped today. alibaba alone already exceeded the online sales around the u.s. thanksgiving day holiday. black friday as well as cyber monday. singles day san anti-valentine's day. it started with university students that got together and wanted to give themselves and each other presents. then they turned the day into a massive shopping extravaganza. this year it's in beijing and there's a big gala last night where daniel craig took the stage. now the event, the point of the event is to get chinese consumers spending and there's heavy discounts and deals for everyone. people today could preorder the

ipad pro or get a 50% discount on a cadillac sedan. there's concerns for alibaba going forward after today. people are worried there's i irregularities about it. and also about the fakes sold on the sight. they also face the economic slow down here in china and all of these issues threaten it's global ambitions. still the chinese premiere today got in on the action. his office called alibaba to wish them congratulations for singles day. eunice yoon, cnbc beijing. >> it was a big event taking place last night. you saw jack ma there in his bow tie. and jet lee was in the audience. i could tell you more about the celebrities on stage but let's get into the numbers. you knew it was going to be a big day just in the first i think ten minutes they had a

billion dollars in sales. >> surpassing last year's numbers easily. last year we saw $2 billion in the first hour. this year it was much more than that. we saw roughly $3.9 billion in gross merchandise value in the first hour. 74% of that was bought through mobile and i think this is really staggering. this is a huge number for mobile and that really show where is the growth is coming from. the mobile clicks, the mobile purchases. >> yeah. but that's kind of where alibaba has focused right? the omni channels for marketing their goods and we have a lot of promotions of course. get a lot of the merchandise moving but singles day, this blows away cyber monday just in the first 90 minutes, $5 billion in sales. that's over twice the amount you get on cyber mondays for the entire 24 hours. these numbers are staggering, right? we're going to get it from jack

ma himself. he has come back a long way from the declines in his stock price. remember when the stock price hit in the 60 which is is below the ipo offer price but we have come back a long way back up to $80 and change. >> we have come back a little bit but if you chart it against amazon for example one of its biggest competitors in the u.s., amazon share price has been steadily rising over the course of the year in part because amazon services has done so phenomenally well and we saw that china discount hammering shares of alibaba. >> but still let's go with the numbers and what we have so far since people are been talking about a slow down in the chinese economy. not the case with the chinese consumer. at least not on singles day. so 10 billion. still so many hours to go until the end of the event on singles

day. you know this day started back in the 1990s but it was only a big shopping event thanks to alibaba. >> i didn't know that. >> let's check in on u.s. futures ahead of the open on wall street today. most markets closed up slightly after trading relatively negative for most of tuesday's sessi session. dow jones industrial priced higher by 53. now here's a lead from the european side. let's check in. yeah it's green across the screen we're on pace for the worst week for the stoxx europe 600 since the end of december. but the ftse 100 up. and cac 40 up three quarters and the ftse mib with minimal gains

today that is a six month low. that's coming out of a speech by mario draghi here in london where he can signal further e e easing meantime he is looking forward to raising rates when the economy is strong enough. but speaking at the school of business the chicago federal reserve bank president also warned against pulling the trigger too early. now i asked the ubs chairman when he thinks the fed will make the first move. >> u.s. data are pretty strong and the u.s. economy could stomach a rate hike. we've seen good data come out over the last week so i think that increasing the probability substantially that the fed would move so my expectation is still

that we'll see the move in rates this year but then there will be a much more slower and protracted path to normalization than in previous cycles so. >> this is clearly backed up by the very strong jobs report last week because there's still the chance that we'll see volatility. there's still the chance that we'll see data taking a turn for the worse in the u.s. >> there is but the u.s. is now at 5% unemployment rate. probably full employment for the u.s. economy so fairly good set of numbers. i don't expect -- except for, you know, quarter to quarter

volatility that trend in the data to be broken and that would warrant the rate hike scenario for the u.s. >> also got the trifecta of data points. real retail sales and asset investment rolled in. maybe we need more stim yulus. let's check in with sri in asia. >> i'd say the data on the whole was quite mixed. you can argue that it did hint at stabilization in the broader chinese economy but the counter point and negative and bearish counter point in the economic data is the alternative indicators. both output of electricity, power and steel did contract in the month of october on year so

demand sluggish broadly and we need more policy action to consolidate growth at the current levels. that's what the market and the shanghai is factoring more policy support from the pboc and also on the physical side as well. the apple component makers, they were a drag on the index. we saw five week lows for taiwan and we didn't get much overnight. >> let's give you a run down on this trading day. we hit the midweek there. no economic data points today as the bond markets are closed for veteran's day that includes macys before the opening bell t. chinese internet giant and fast

food chain pop eeyes after the close. still to come on the program, the gop presidential candidates square off in milwaukee wisconsin firing shots at hillary clinton and taking a firm stance against increasing the minimum wage. >> if i thought that raising the minimum wage was the best way to help people increase their pay i would be all for it but it isn't. in the 21st century, it's a disaster.

alibaba sells $1 million in merchandise in 8 minutes. the biggest shopping event of the year. the euro slipping against the u.s. dollar ahead of a speech by mario draghi and mcdonald's won't spin off it's properties into a real estate investment trust. >> an announcement from the attorney general's office late on tuesday afternoon, ordering daily fantasy sports sites to stop taking bets in the state. their operations amount to illegal gambling. now letters sent to the companies, the two biggest by the way, the head of the justice department there saying he has

concluded that the contests are essentially games of chance and not of skill. he also says their ads misplead players about their chances of winning. they insist their games are legal and are reviewing their legal options and this follows a move by the state of nevada to do the same. let's get to upstart technology coming from, i don't know, the world of symphony. an investment from google is perhaps the best vote of confidence for this fast growing tech company. >> google, ubs has contributed to and joining us in london today, ceo of symphony is with us a lot of people are

concerned, but when the likes of goldman sacks is joining the ranks, leading the charge to change the business model, that has to make people sit up and wonder what's going on. >> yeah, the forces are coming to market. there are first of all the technologies that is helping us to build the much lower cost than ten years ago. with that being at the center of all business interactions and the messaging system has become the nervous system of financial services. >> what i found interesting is you're not just targeting financial services. this goes beyond financial services and into other industries as well. >> absolutely. everybody needs something secure and symphony is designed for that.

>> you have 50,000 members that already signed up. >> yes. we are very happy with the progress. >> the biggest challenge is you want to be secretive and at the same time able to comply with wall street rules. how do you square that circle? >> that's a real important element of our design process. at one time you have to protect the data of the customers and that means we cannot have a business around the data. our business is based around connectivity as opposed to using the data so it enables the protection of data and while you have to do that you have to make sure that the firms that use this technology are compliant with the regulations. so we designed a system and

talked to many regulators and proven that our organization is given the tools necessary for our customers to meet those regulatio regulations. >> is that just a big investment or an indicator of where it lies. google can easily acquire you from one day to the next. >> i was watching the interview earlier today of nicholas. and when you build a company you build it to be the best in it's class. so our partnership goes beyond just the investment. it's google corporate that invested in us and not google ventures or google capital and that speaks to the extent of the partnership and they have other

technologies that will compliment our offering. it's the beginning of a long-term partnership and we're excited about it. >> how do you like being called the bloomberg killer? >> i think for such a small company, it's an honor. >> very influential backers. our object is to solve a very important problem in the market and that problem of secure communities and creating businesses it's something that goes beyond bloomburg's mission. so is there an overlap? of course there is but we're after a much broader need and we are going to continue to march along and build our organization and our business and the backing of world's most financial important firms as well as google and we're going to

continue to forge ahead. >> thank you for making time for us. >> my pleasure. >> david symphony ceo. >> uber is back in business in south korea under a new set of rules. the black service will be available to all passengers by the end of the year. previously residents were barred from using the service which hires drivers to operate rental cars. >> all right. still to come on the program, the mouse trap. we speak to the ceo of pc accessory firm about a way to the pc market. we'll get you that interview after this. ken jennings. ken jennings. i haven't seen you since that tv quiz show. hello, watson. you can see now? i can recognize people, analyze images and watch movies. well i wrote a few books, did a speaking tour, i... i've been helping people plan for retirement. and i help doctors identify cancer treatments. is that all? i recently learned japanese...

yeah, i was being sarcastic. i haven't learned sarcasm yet. i can help with that.

15,000 tech enthusiasts are gathering for the slush conference. nancy is there on the ground. nan nancy. >> that's right. here we are with a big gathering of entrepreneurs, start ups and investors as well looking for ways to keep the growth going in the tech sector but it's not just the start ups and founders we've been speaking to. the old tech companies are here as well looking for ways they can innovate. can you give us an idea of what you're doing here? are you looking for ideas for

innovation or acquisitions or partne partners? >> we're here to steal ideas from the start ups. i'm kidding. we started out trying to get deeper and deeper into the start up scenes and we do acquisitions and partnerships and we also learn a lot. i learn more from start ups than the old tech or the big companies. >> so you're learning a lot. are you looking at acquisitions then? >> all the time. but there's always something going on. it's incredible. >> can you give us an idea of what space? is it mobile? >> i'll frame our business unit. everybody knows us but we now have four growth businesses that are everything from gaming to speakers and we have new businesses that are top secret. they're all somehow connected. >> you mention that everyone thinks of you as the pc company when we talk about keyboards and

the mouse that attached to your pc. now tim cook said that the pc was dead in so many words. do you agree with him? >> i don't know whether i'd say the pc is dead but we certainly have very negative assumptions about what will happen to the pc long-term so our emphasis is new categories and new businesses. we have grown $400 million of new businesses outside of the pc and we don't see any end in sight. we have an incredible ray of opportunities so whatever happens to pc we'll be fine. >> and resupresumably this is a investment to your bottom line. >> we're maximizing profitability in the pc space. still innovating like crazy but with a much lower budget and moving that spending over into new stuff so we're going to stay

investing at a high rate but if you look at the new businesses it's significant. >> you're talking about mobile, some home features, how do you compete? it's a crowded sector when it comes to innovation and how do you shake the image of just being accessories for the pc? >> most people that know us love our brand for its ease of use and set up and good functionality and increasingly beautiful products we're not a start up that may fail. we're not a huge company that could be bureaucratic. we're a small hungry company that consistently can create new products that some of which i hope will become icons. >> so if you're, safe to say, winding down the pc side of things, where do you think your biggest line of business will be ten years out? >> i wouldn't say we're winding down the pc side, we're maximizing our performance there. if you ask me where do i think

our biggest business will be outside of pc? we'll be like a farm with an array of businesses. and you'll see us more and more. >> he's talking about how companies are coming together and looking at the next stage of innovation and how they can accomplish the demand going forward. back to you. >> thank you so much. we'll go to break here on worldwide exchange. but still to come on the program it's known as the sweet josephine and just sold at auction for $29 million. but what is it? we'll tell you what sweet josephine looks like after the short break. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets

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>> let's talk about singles day and it's a $10 billion wind fall. china's single day shopping day helping alibaba soar past last week's record. >> hold your bets. new york's attorney general bans draft kings and fan duel saying their operations amount to illegal gambling. >> sab miller and ab inbev are getting serious about their $105

billion merger as shares of carlsberg are boosted by a restructuring plan. we'll speak first to the ceo about the challenging it's still facing in russia and china. >> bank of england governors says we're ending the age of irresponsibility. this ahead of a keynote address from mario draghi that could signal further easing. >> hi, everybody. if you're joous tuniust tuning you for joining us. most u.s. markets ending up slightly higher after trading negatively for most of tuesday's session. the s&p finally breaking that four day losing streak. checking in on the futures, we're above fair value for today and the implied open is telling us we'll be up across the board. s&p 500 priced higher.

dow jones industrials called up by 45 points and the nasdaq looks like we're pricing in in advance of 16 points or so we are on a positive note for this wednesday but the stoxx europe 600 still on pace for the worst week since the end of september. so the ftse mib is up and cac 40 with gains and the german dax up close to 1% and the ftse 100. we're on that four day winning streak. it came to an end and let's check in on asia markets because we got the china data that includes retail sales, fix asset, industrial production all still showing sign of a slow down taking place in the world's second largest economy. seeing gains and sweeking out minimal advances, being muted despite the blowout singles day. the index seeing declines and the nikkei 225 really didn't go

anywhere. carolyn. >> let's get back to our top story. ab inbev finalized it's take over of sab miller in a deal worth around $108 billion. they're paying 44 pounds in cash for existing sab miller shares. in order for the deal to past u.s. antitrust hurdles sab miller is selling it's stake in miller coors. it's being acquired by the american beer maker for $12 billion. it is expected to complete in the second half of 2016. check in london up by 2.7%. on to another brewer, investors are cheering a restructuring plan sending shares in the danish brewing giant to the top of the stoxx 600. higher by 6%. this despite the company warning that organic operating profit could decline as well as unveiling a $1.4 billion impairment charge on russia, the u.k. and china. the 3rd quarter operating profit

came in above analyst expectations but the company reported a loss for the period after the impairment charge was accounted for. >> thank you for taking the time to speak to us. they say this is kitchen sinking because the new management has come in. is that what it is? >> there's an opportunity at the moment as you come into the company that you take stock of the situation. we took as a new team stock of the situation. we have assets and good will which probably are not in line so we took the impairments and write offs to end quarter 3. >> how much visibility do you have on the russian business which has been causing troubles for you for such a long time going forward. is it a matter of months or years before this market

recovers for you? >> it's a very difficult market. we were in there for many, many years and there were strong hopes that it would be able to improve. if you look at the 12 to 24 months there's not a lot of expectation of growth. the decline of 10% this year probably will continue for next year and will probably be a new system and needs to register the sales so in total might be a difficult year again indeed. >> but at what point are we going to see that the asian business which apart from china maybe has been delivering healthy profits for you is actually offsetting the negative impact that you're seeing from

russia? at least we observe that we have made this inflection point that this moment of time as we speak asia is more profitable so over the last couple of years it's been declined significantly and is more like 20%. >> so i want to talk to you about the strength in the chinese market or weakness in the chinese market because you're restructuring there in china and a lot of corporates have been complaining about business dwindling because of the on going economic slow down. would you say that's the case also for carlsberg. >> we're in the rest of the east and see the trends slightly different than in the east the market in china moved to a slow

decline. in the west it's more around minus 1, minus 2% and in the east it's even minus 5 but not only at china outside china we grew by 6%. in india we have been able to grow by 40 or 41%. so it's not only let's say one country we look at we have a nice portfolio there. >> i was just wondering, you know they're going to control a third of the world's beer market. are you concerned? >> they're not so much concerned but there's not very many numbers. the most important impact is whether you're number one or number two in the markets where you operate. that's important. >> i'm running out of time here

but i'm wondering do you think this merger should even go ahead? >> well it's announced today so that's fine. >> no just from the industry perspective, you know, you heineken and the like. should the number one and two number brewers of the world be allowed to consolidate? >> there's very clear antitrust regulations and at the moment there should not be a problem. it's all about market regulations and they're following the law. >> thank you for your time. ceo at carlsberg. let's talk about sweet josephine. it turns out to be a very rare, very beautiful pink diamond. there you go. fetching a pretty penny at a auction in geneva on monday. it's selling for $28.5 million to an unidentified chinese

buyer. and this is over above the auction estimate. so the chinese buyer of course paying more. the diamond, by the way, as you see there, it's beautiful set in platinum gold surrounded by a ring of white diamonds weighs in at 16 karats. a large rare blue diamond could go from upwards of $55 million at an auction later on today. >> looks heavy, doesn't it? >> $55 million. >> it weighs down your hand, doesn't it? >> are you sure you didn't make -- you didn't make a bid? >> i did not. >> husband didn't? >> no. >> raise the paddle. >> no. >> we'll talk to him about that later on. >> still to come on the program though, it may be game over for draft kings and fan duels as daily fantasy sports sites get a cease and desist order from new york's top regulator. urke] it'sy insurance and forget about it. but the more you learn about your coverage, the more gaps you may find.

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>> just in time for breakfast. let's check in on the golden arches. after the ceo last month said there has been improvement when it comes to quarterly same store sales. also yesterday at the investor meeting mcdonald's ceo says the fast food giant won't be spinning off into this real estate investment.

speaking at the annual investor day and the move isn't really in the best interest of shareholders. there's not much upside and by the way, mcdonald's also of course increase their dividend which investors like and i should point out that steve easterbrook will be speaking to carl later at squawk on the street today at 10:00 a.m. eastern time and do you know what i'm really interested in carolyn? the all daybreak fast. >> i was just thinking about that. >> i'm wondering how that changed. >> still made it's rival here at the u.k. i'd be disappointed. >> thank you for that. >> moving on in a major blow to their business and potential survival. new york is ordering daily fantasy sports sites to stop taking bets in that state. let's get out to landon dowdy in new york. >> new york attorney general eric snyderman sent letters to the top executives of draft kings and fan duel which has

come under fire into whether they violate gambling laws. he says after a month long investigation he's concluded their operations amount to illegal gambling as their daily contests are essentially games of chance and not skill. he says the adds mislead players about their chances of winning and only the top 1% of players get the most prizes. he says it's clear they're the leaders of the massive scheme inintended to fleece sports fans across the country. nevada gaming regulators ordered them to shutdown in the states until they get the appropriate licenses. they have been under scrutiny since allegations surfaced that they may have used info to win on other fantasy sites. both banned employees from playing online fantasy sports for money. the contests are legal and are games of skill saying it's disappointed in his action.

the company will examine all legal options. fan duel sent an e-mail to customers asking them to demand the right to be playing. u.s. law prohibits sports betting and outlaws online gambling but in states exempted fantasy sports league which cover an entire season as games of skills versus chance. they are each valued at $1 billion. draft kings includes the nfl and major league baseball while nbc universal the parent of cnbc is an investor in fan duel. >> thank you. t-mobile in the u.s. fired the latest shot when it comes to wireless wars. it will give customers a new option to stream video from sites such as netflix and hbo now without it counting against their data plan so the feature

will be rolled out for customers with plans of three gigabytes and up. so the move comes as many wireless providers are trying to get more customers to upgrade to their higher data plans and of course higher cost data plans as well. >> if you think about the high content media rich data created from movies and high resolution screens your mobile device doesn't require that. so we optimized what a mobile device needs to watch dvd quality video and we're able to send you dvd quality and optimize your data so the interesting thing is the providers aren't paying, and customers aren't paying and because of the utilization of the network this is very very good for shareholders of the company. >> t-mobile rising .5% in after hours trade. down almost 4%.

it is unclear whether there will be a decision any time soon. google is getting more involved in designing the guts after android phones. let's take a quick check of google parent alphabet up by 0.7% in german trade. >> apple starts taking orders today for the new ipad pro. the new tablet with nearly a 13 inch screen will be available in stores in the coming days. it's being aimed mostly alt business clientele. it has a 10 hour battery life and the ipad prois not cheap. it starts at $7.99 a piece. it can cost more than a thousand dollars if you get the keyboard and pencil stylus. apple being sold down during the regular wall street session on a report talking about supplier

shares or orders coming from apple. down in german trade. >> good wednesday morning. here are your headlines today. alibaba sells more than a billion dollars of merchandise in 8 minutes as the singles splurge in china in the biggest shopping event of the year. the euro slipping to a six month low against the u. s. dollar ahead of a speech by ecb president mario draghi and risky business, mcdonald's says won't spin off it's properties into real estate investment trust after all. day, we're seeing new technologies make healthcare more personal with patient-centric, digital innovations; from self-monitoring devices that can interpret personal data and enable targeted care, to cloud platforms that invite providers to collaborate with the patients they serve. that's why over 90% of the top 25 global pharmaceutical companies

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top polling gop presidential candidates clashing again at the fourth debate last night on fox business news. jeb bush, john kasich taking

shots at donald trump saying his immigration policy would drive hispanic voters to the democratic side. meantime, trump, ben carson, marco rubio all voiced their opposition to increasing the minimum wage. >> if i thought that raising the minimum wage was the best way to help people increase their pay i would be all for it but it isn't. in the 21st century it's a disaster. you'll make people more expensive than a machine and all of this automation replacing jobs and people is only going to be accelerated. >> and rubio also arguing that vocational training is needed to become more accessible saying welders make more money than philosophers and we need more welders and less philosophers in his words. i guess that's his opinion. let's go for more opinion. economic policy analyst at the american enterprise institute joins us this morning. spirit of debate once again from the contenders. was there anything that stood out to you last night? >> well, i'll tell you, i wish

the moderators had been a little bit more aggressive and not letting the candidates repeat talking points but now that the group is a little bit smaller you had some of the candidates going after each other. there was a really good exchange between rand paul and marco rubio about government spending where rand paul attacks rubio's plan to expand the child tax credit and more defense spending and questioned whether he was a real conservative. that back and forth where they're exploring each others policies, that's helpful and we'll see a lot more of it. >> everyone was waiting and probably listening in closely to ben carson the most since he has to defend himself on past quotes he made in his biographies and the like and also it's interesting that he's going the opposite direction backtracking on his stance on minimum wage saying we shouldn't be hiking the minimum wage. >> yeah, that was really interesting. seemed to just toss that overboard. but i was -- i kind of expected

all the republicans obviously to be against waging the minimum wage but i was disappointed that they didn't point out that there's already a policy in place which is better than a minimum wage for boosting incomes of low income workers and that's something called the earned income tax credit which is a wage subsidy which tops off worker incomes. that should be expanded. it really is a kind of a conservative approach to helping lower income workers and i wish republicans had mentioned it as opposed to just saying they're against the minimum wage. >> going into that debate there was a lot of focus on how jeb bush was going to perform. he had a terrible third debate. could he turn around his campaign just with the help of the fourth debate? >> i think that was sort of a stop the bleeding moment. i'm not sure we'll see him sparkle and take over. we have seen who is good at this which is marco rubio and ted cruz and carly fiorina and

donald trump in his own way. so the bush campaign is depending on fantastic performances by jeb bush i'm not sure that's ever going to happen though it was clearly his strongest debate. >> you mention trump there. i want to know what the verdict on trump. a lot of people said his answers were incoherent and he was rambling and didn't know the facts. do you think this was his worst to date? >> you described the trump style. to the extent it was a bad debate for donald trump is what does he do well? he's aggressive. we saw less of that. he seemed more like a regular candidate and if that's who donald trump is going to be in these debates from now on, what's the point? that's not his -- his republican debate brand is really just throwing bombs and going after the other candidates. you just got a little bit of that but not as much and you're right, immigration plan still doesn't make sense. he's not going to change that.

so if that's a stumbling block for you in donald trump it remains the case. >> and i think if it was anybody else in the stage that made that gap on ttp highlighting china and china isn't even part of the transpacific partnership that might be a campaign killer. does anything change? did anything come out last night to change, i don't know, the standings right now when it comes to, you know who are is the favorite and front runner? >> no, listen, i like polls and i also look at betting markets. if you look at the betting markets it still says rubio is like the betting market favorite followed by donald trump and bush is back there in chris christie and ben carson territory. i don't think it changed that but did begin to see the themes that play themselves out throughout the primary season which is your libertarian small

government republicans. i saw that in debate junior as well. people want to really microgovernment versus those that think the safety net is a good thing. >> thank you for your time. good talking to you. >> let's bring you an update on alibaba. we'll be rallying for the stock up 1.5% now. up to $80 in change and this is after the blowout singles day sale surpassing last year's total and we still have six hours to go. a $10 billion selling day already and the shopping frenzy, the largest around the world soaring past last year's record. raking in half of that amount in the first 90 minutes alone and a reminder for you, jack ma will be in a first on cnbc interview today on squawk on the streets.

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>> finalizing terms of a more than $100 billion takeover of sab miller. a developing story, new york ordering fantasy sports sites draft kings and fan duel to stop accepting bets in the state arguing that the operations amount to illegal gambling. would have been nice if we had clarity on this from the candidate. and then calling the single ladies and gentlemen it's the biggest shopping day of the year in china. alibaba already smashed it's all time sales record. it's wednesday, november 11th,

2015 and squawk box begins right now. ♪ live from new york where business never sleeps this is squawk box. >> good morning, everyone, welcome to squaux box here on cnbc. it's veteran's day. a day that we remember our troops and those that have served overseas and come home and those that have not. alibaba announcing it's singles day sales already surpassed last year's $9.3 billion total. that's more than americans will spend in total on black friday and cyber monday combined. research firm idc says that the e-commerce giant could see sales jump to $13.8 billion today. we'll have a live report just a little later this hour and then coming up at 9:30 eastern time don't miss jack ma at squawk on the street.