good thursday morning. welcome to worldwide exchange. i'm susan lee. >> i'm wilfred frost. here are your headlines from around the world. >> belgian police are confirming they have fresh raids underway in brussels in relation to the recent attacks in paris and this as the belgian prime minister says that the country is to bolster it's security laws. >> a hawkish fed drives european stocks higher as minutes suggest the central bank will deliver in december. this after wall street has its best day in four weeks. >> and two ipos state side are

underwhelming today as jack dorsey's square and the parent of tinder price at the lower end of the expected range. >> shares in green mountain get a kick after 4th quarter profit beats the street and the coffee maker hikes it's dividend 13%. well, brussels police now confirmed to cnbc that they're undertaking fresh raids related to paris in brussels. now media reports that seven separate operations are on going. now let's head back out live to hadley in paris. >> good morning, so what we know so far is that according to belgian media reports citing belgian authorities there's seven raids going on in belgium right now. they're going after people they

think were related to the attacks in paris last friday. you're talking about a country that has seen at least 350 plus of its citizens traveling to syria over the last couple of years with the islamic state. when you're talking about belgium this say country as well that's seen a great deal of activity on the black market when it comes to movement of weapons and we understand that the charlie hebdo attackers got theirs from belgium. there's questions about how much they want to do going forward. they say they want to do more and go after the radicals they know of as well and for intelligence officials and sources i have been speaking to over the last couple of days it seals like about time they started going after these folks. the ones we have seen over the last couple of hours here in belgium it will be interesting going forward if they're able to clean information from the raids because at this point what we know of, in that country it's

very, very difficult apparently for people to track these suspected militants, guys. >> hadley it seems in the last few days there's been a huge amount of activity of the side of the police and intelligence services in the u.k., france, belgium, all across europe. do we have a sense of whether that is from information that's only come to light in the last couple of days or a willingness to act that has come forward in the last couple of days. is this acting on intelligence that we have known about for awhile but haven't had the emergency powers or willingness to act upon? >> well, there's certainly an increased sense of urgency giving the attacks we saw here in paris last friday but when we're talking about threats to the homeland and to the united states we understand from authorities that basically they have multiple reports and intelligence that they are choosing to act upon or choosing not to act upon at any one time. so it's a matter more of sifting through the intelligence that they already have and that's something a challenge for

authorities here in france. it's one of the many reasons he wants to beef up the security and intelligence gathering services in this country and what they're hoping for at least in terms of the voting powers of the lawmakers here they juan to take the emergency powers put in place and extend those. they'll be voting on that today and voting for a final vote tomorrow as well so certainly that's something that president hollande hopes is going to help them in this fight against the islamic state and terrorists in general. >> well, these raids and manhunts are surrounding one individual that they're looking for who is the mastermind behind the attacks and since you're in paris i want to get your sense of what the latest is in tracking him down and these dna traces about whether or not he was actually in the apartment. >> well, the paris prosecutor has yet to confirm whether or not they have found any trace of the man that they believe to be behind the attacks in paris last friday and the interesting thing that we know about that is that

there was so much activity in the area of paris yesterday. something like 500 rounds were fired into that apartment building. we understand the third floor of that apartment building essentially collapsed upon the other two floors so this is making it very, very difficult for the police and investigators to determine how many other people were in the building even. so an on going investigation into what's happening in that area of paris. the paris prosecutor is not confirming whether or not that suspect was there. >> thank you so much. let's get back to the market with the latest fed minutes showing a majority of officials at the federal reserve are willing to raise interest rates in december and in their october statement the fomc said they would contemplate a rate hike at their next meeting and in those minutes of the meeting, most members say that this new language didn't mean a move is automatic but it would take an unanticipated shock or weak data to change their course. they actively debated the risks

of moving too soon and waiting too long and what to do if conditions continue to improve or how to proceed if they get worse from here. >> lots of issues and joining us is the ceo where north america and the co-head of fixed income as well. i was reading analysis in the aftermath of the fed minutes and many were arguing that it's now as if we moved from if the fed hikes to how many hikes to come in 2016 that the path has moved on. do you think we have? >> i think we have. we have been anticipating a move for sometime. what held it back was the move of the euro earlier in the year. when the euro was rocketing down to 104 and the fed was concerned if they moved at that time we could see parity. and then the surprise move in china in august and that delayed it a bit but if you look at the underlying fund naenls the wage growth has been picking up for 6 to 9 months now. the anticipation of wage growth has been picking up and whoen

you look at the economic fundamentals they all support. it's going to be a relatively slow process with a lot of look backs and the terminal rate, don't be surprised if it's between 1.5 and 2% and takes 18 months to 24 months to get there. >> even if it's more pronounced than you expect. even if we get a couple of hikes and they continue through to next year, what happens to the bond market in the u. s. seems to me that yields are relatively capped because they're already so attractive relative to other global safe haven bonds. >> that's one of our things and just to give you some data points, 60% of the top 1000 pension plans plan to reallocate between equities and bonds in the next ten years to mitigation liabilities so when you see long duration corporate bonds, that's where they are now, you start to see sort of a wall of demand

come into the market which is going to create, you know, a big structure of support. to our theme has been that it's going to be a very flat curve when we get to that point. and you cabot look at the past 30 years as any sort of reference set of what we're going to experience. >> i was looking at the german bund yields today. there's so much demand for safety and some people are forced to hold the sovereign debt but going negative out to six years. you want to look at a flattening curve, that's ridiculous, isn't it? >> we're not in the camp where that's the place to be. >> would you short it then? >> the way to be short is to be long other things. so the things that you like. we believe there is a lot of opportunities in the credit sector. the credit sector has already reflected a bit of the mood that's going to occur. if you look at what happened in the states specifically we have seen a 60 basis point retracement between the lows of last year and when we are today. if you're willing to build a

portfolio of diversified bonds you can pick up three to 4% yields without sacrificing a lot of security. >> if we do look in europe is there opportunities between the different countries? government bonds as well? particularly if we're about to head into a big easing announcement from mario draghi. do you think the yields spread between germany and other european countries will come in or does it focus on this extraordinary low yield in germany? >> look how much it's already come in now. the better play is in the corporate sector although we have made good money for our clients by taking advantage of the volatile till of the market. fading moralities and stepping in when the mark sells off and overextends but now we're shifting toward the focus on corporates. >> what do you think happens if we don get as much as the market anticipates from the ecb in december? >> we actually think the market may be disappointed when we look

at what is already being priced in and anticipated but again, if you're looking more broadly at the opportunity set, there's ways to protect yourself. >> thank you very much. you're going to stick with us for another chat and maybe we'll explore more of the corporate bond sector thoughts you were touching on. >> lots going on. later on this morning the cleveland fed president will be on squawk box and an exclusive interview at 8:30 a.m. eastern time. still to come right here on worldwide exchange, activist investors are asking yahoo! to make a radical change to its core business. stay tuned to find out exactly what investors are demanding. find us on twitter and e-mail. we'll be happy to hear from you. good morning.

reports suggest at least 7 police raids have taken place across brussels relating to the paris attacks. boosts stocks a head of a december rate decision and match and square both price below expectations. and of course we have some earnings to run through. keurig green mountain's profit

dropping as sales of the single serve coffee makers slowed down. the company now expects full year revenue to decline about 1%. they're trying to revamp sales of the hot brewing system and expand it's cold brewing machines and raising it's annual dividend as well. shares have jumped some 19% in after hours and we're looking at gains of 16.5% over in german trade. >> like cold press? >> something like that. >> cold press juice systems. i'm so it rated i just bought an expensive blender and people are telling me it's last year's version because you have to have it cold press. >> let's get pressing then, girl. >> pressing on, l brands raising it's outlook as profits rose. the parent of victoria's secret and bath and body works rose by 7%. however the quarter's fourth quarter praforecast is below

estimates. shares rising around a percent or so in after hours trade. up by more in germany. bed bath and beyond and all of that stuff, wilfred. >> i just liked wilfred's face. >> that's what i spend all of my money on just to make sure that those things are decorated correctly. >> he does smell like lavender each day. >> that's not purchased. i grow lavender in my apartment and sprinkle it over the bed and the bath as well. can you do that? >> and all of that mahogany in your office. >> very english. >> ahead of the curve. >> modern man. >> exactly. there we go. let's see what the next story is. maybe it's something else to make fun about. salesforce.com. i'll be safe with this one. an adjusted third quarter profit as revenue rose 24%. it was driven by higher demand for its cloud based sales and

marketing software. they're raising the revenue forecast for the 4th time and predicts it will do more than 8 billion in sales. up 20% from this year. shares rising nearly 7% in after hours. german trade, up 4.8%. >> okay. you know yahoo! is being urged now by activist investor starboard value to scrap the spin off of its holding in alibaba. so the wall street journal reporting instead they want yahoo! to sell the struggling internet business and in a letter sent to yahoo! late on period wednesday starboard says the $20 billion spin off in their view is too risky and last year it was starboard that urged yahoo! to make the separation so now they're going 180 again. the big concern is the irs decision on not to rule on whether the spin off would incur a big tax bill for yahoo!. this transaction expected to be completed in january. can we bring up the chart or have you already flashed that? over in german trade with gains

of 1.3%. it's like make up your mind for goodness sakes but then all of a sudden the irs hasn't ruled on whether this say tax free spin off. so now they're like actually let's rethink that. >> sometimes you're a bit like the activists are too confusing for the main board and shareholders. it's just like make your call and sit back and see if they do it. >> but the activist is always changing his mind. trying to figure out, how can i cause trouble or make a shareholder revolt. >> yeah. but what happens to yahoo!? what's it's worth after they spin off alibaba? it's seen as a company for the holdings solely. >> that's a big question. that's what the shareprice has been but you have to give them credit because they held on to more of it at the iopo than some people were suggesting and they have done well out of that and it is worth monetizing some of that and it's just a debate of how to do it best.

>> the relationship has gotten better. >> it possibly has. your view of u.s. equity markets and equity markets as a whole. do you think we'll see continued growth next year? do you think we'll get this boost from the economy even with rates heading higher in this normalization cycle starting? >> we think it will be a stock picker's market. we've seen fairly significant revaluations in the last six or seven years and there's going to be winners and losers in the rebalancing going on. it's interesting seeing the effect of what's happening over the last few day with the tragedy in paris you start to focus on areas like travel. that's been a big winner in the last few years. stocks like expedia if you look at trip advisor and factor that in it's up about 3,000% and it's part of the overall shift of consumers moving from purchasing things to focussing on experiences. >> just in term of the shifts you were talking about and whether we'll see any over the next couple of issue and with

the fund flows as well. >> that's one of the reasons why the relationship between equities and bonds are going to be very tightly bound. what we see is when we have the concurrent moves, for example, like in 2013 where you had a strong equity market and rates rising, you saw a fairly significant rebalancing at the end of that period. so when you have concurrent moves of strong equity prices as well as a tick up in rates you're seeing pension plans rebalance and i think overall that will mean that the market is not going to get way ahead of itself in terms of valuations and equities and there will be a strong link between interest rates and ratios. >> thank you for joining us. we'll have to leave it there. pleasure to have you with us. ceo of schroeders north america. still to come, is the little guy on the way back? survey of small business in the u.s. seems to be backing that call. find out more after the break.

>> confidence in the economy jumped to a three year high according to a small business owner report. they all increased by more than 10% year over year.

they plan to hire more employees in the next 12 months compared to just 31% in 2013. we're joined now by susan, managing director and sales and strategy executive for small business at bank of america. they joins us live from new york. very good morning to you, susan. the bottom line of this report, sme confidence rising very strongly over the last year. >> yes. actually this is the fourth year that we've done the small business owner survey and what's really exciting is this the is the greatest increase in growth we've seen in any of the surveys we have conducted. it's the global economy and the national economy and the local economy in the united states. what is really interesting though is when you look at the generational differences between the respondents. the millennials continue to be the most optimistic and in some cases they're 2 and 3 times more optimistic than their baby boomer counterparts. however the baby boomers this

time are also showing significant increases in optimism, specifically around the local economy. >> susan, you know, because of the improving u.s. economy that's why the federal reserve says maybe it's time to hike interest rates for the first time in close to 10 years. how do you think that's going to impact small businesses in america. >> well when you look at what the small business owners are most concerned about they're really concerned about the interest rate hikes. that's one of the top three concerns when it comes to current events but one of the things we ask in the survey every year is what are your top concerns? and what's even more interesting is that the overall concern decreased each year but the top three concerns are the same. it's number one continues to be health care costs. the second concern continues to be the effectiveness of the u.s. government and the third concern continues to be the strength of the u.s. dollar. so while from a current events standpoint, interest rates are

on their minds, the other three topics actually weigh more heavily. >> susan, it's louisa. just a reminder to viewers out there that the majority of the backbone of the economy comes from small businesses. it's a huge majority of income usually for a country. but with regards to growth, how much growth can we anticipate do you think? >> so the small business owners, we believe that the optimism was really fuelled by the fact that the small business owners are telling us that in 2015 over 80% of them feel that they will either achieve or exceed their revenue targets and next year in 2016 over 70% feel that they will actually exceed their revenue targets as well and part of the demand that we're seeing for lending is because these small business owners are really optimistic about their growth this year and next year. >> susan, we're running low on

time. one final quite specific question. i notice in the report boston is the least likely place to suffer a cyber breach. why is that? >> one of the good news story about the cyber breaches when it comes to small business owners is that while over 60% of the small business owners are concerned about a cyber breach over 60% also told us they are very well prepared for a cyber breach and they have done what they need to ensure that they are protected in the event of a cyber breach and most embraced the chip card which is are newer for small business owners and that's in an effort to protect themselves and their clients. >> thank you for joining us this morning. the managing director at bank of america. >> so as i mention, it's a really big day when it comes to

interviews and stellar interviews on u.s. cnbc. coming up later on, kate kelly has a big one. an exclusive chat with ken griffin. he will be discussing markets, the economies and how his flag ship hedge fund generated a 12% return this year. so that is out performance. that's coming up on squawk on the street starting at 10 al eastern time and that's out performance this year. bill ackman is down and even bridgewater hasn't outperformed like that. also let's leave you with a live shot of what's happening in paris and here's the eiffel tower. we'll head straight back out there. hadley gamble standing by.

here are your headlines from around the world. >> belgian police confirming fresh raids are underway this morning in brussels and this is in relation to the recent attacks in paris. this as the belgian prime minister says the country is also bolstering it's security laws. >> a hawkish fed drives european stocks higher as minutes suggest

the central bank will deliver in december. this after wall street has the best day in four weeks. >> ipos, two of them state side underwhelm as square and tinder price at the lower end of the expected range. >> shares in green mountain get a kick after fourth quarter profit beat the street and the coffee maker hikes it's dividend by 13%. hi, everybody. welcome back. well, brussels police, they have now confirmed to cnbc that they're undertaking fresh raids related to the paris attacks. now there are media reports that seven separate operations are on going. hadley gamble is live with the latest in paris. we're hearing that the police are saying they detained one person now in a separate raid related to the paris attacks.

but it seems that seven raids in total. this is something we could assume is going to be on going for the foreseeable future? >> good morning. so essentially what we know right now, seven raids in belgium this morning. we also understand that the director of interpol was speaking this morning and said this is the new normal and doesn't think it's beyond the pale to expect more terror attacks in the future and what we do understand about the attacks themselves is they were related to some of the folks involved in the attacks in paris on friday. what do we know? something like 350 have travelled to syria over the last couple of years to fight with the islamic state to be a part of isis. we also understand that there is a black market in belgium where people are able to get guns. most recently the folks that were involved in the attacks back in january, that's where they sourced their a.k. 47s on the black market essentially.

we also know when it comes to belgium that they had tough times over the last couple of years taking on these radicals and we hear from the authorities earlier today saying that they're going to try to tamp down on those guys and get rid of them to get them out of the country and you have to understand when i'm talking about radical islam and folks they're referencing here from the gulf states and saudi arabia, they're involved in this kind of hate speech that the belgians and the french say they want to go after and of course later today here in paris we'll be seeing lawmakers voting on the series of emergency measures. they're wanting to extend for another three months and what that will mean for the french constitution and these liberties that the french hold so dear, guys. >> thank you. we'll speak later. hadley gamble joining us live out of paris. what's going on with the markets. >> let's check in on the markets since we came off the strong rally during the wednesday

session on fed minute which is are indicating that we are in a rate hike. where's the u.s. future's boards guys? we're looking at the implied open verses the previous close. here we go. we're up 7.5 points. dow jones higher by 69 points and the dow is on a three day winning streak and dow and s&p seeing the best day since the end of october. here's the lead you're getting from the european side and we're in rally mode today. up and down so far this week but when it comes to the actual ftse 10 at the end of this aisle, we have been on a pretty goodwining streak so ftse mib up 1%. cac 40 higher by similar levels and german dax up by levels and ftse 100 on a multiday winning

streak. the dollar of course moving in line with the expectations. the hike expectations from the federal reserve so we have been seeing the dollar move higher versus a lot of their most traded peers and when it comes to west texas we can check in on wti dropping below $40 per barrel for the first time since the end of august. so far in the european session we're seeing gains of up above $40 when it comes to west texas crude once again. but louisa, we'll talk more about what's happening in the middle east. >> no, definitely susan, to do that we're joined by a fellow in middle eastern affairs at the american foreign policy counsel. i want to start off with a general question that i'm thinking a lot about at the moment. what is the actual strategy of the west? what is it that the west wants out of the syria crisis? what is it that they're trying to do? is it about unsettling assad and

taking him down at all costs even if it means supporting the rebels on the ground? where are we heading and even if we get there what's the end game going to look like reminiscing afghanistan and iraq and libya and the list goes on. >> so the most important strategic consequence of the paris attacks has been that the u.s. and france virtually totally dropped their demand that assad step down in syria before any kind of ceasefire take hold. you may have seen on saturday 12 hours after the attacks that john kerry and lavrov agreed on a ceasefire between moderate syrian rebel groups and assad without assad having to step down ooen before elections. now in reality that will keep assad in power. if he didn't step down under heavy military pressure he's not going to step down under no military pressure. so these attacks have gotten us closer to russia's goal of presenting the west with a very

stark choice of isis or assad because they know in that situation of course we're going to choose assad however reluctantly. >> who is leading those developments? is it the french and does the rest of the west now. >> v take the french's lead giv the tragedy they have suffered? >> the rest of the west has to defer to france's desire to hit back against isis and to make the kind of strategic concessions to russia, to syria, perhaps to iran that france needs to dodgers achieve the sort of 100% effectiveness in it's strikes against raqqah and elsewhere in the islamic state. i do worry that the president's back footedness over the past nearly half decade has really -- i mean, even forgetting these attacks for a minute, has really reduced our ability in negotiation with assad's backers like the russians to insist on

any kind of hard nose deal where assad steps down. i don't think we have the bargaining leverage. >> i want to ask you. a lot of people are concerned about who might be the next target. is it the u.s. or here in london. what do you think they're thinking right now if you can get inside the head of the terrorists? >> they would love to hit us here. i mean, right? there's a couple of aaa targets throughout. the u.s., france, britain, a little bit less so because they're not quite as involved in this conflict butt terrorism rolls downhill. as we harden up the targets i expect them to refocus their efforts on places like i don't know bosnia where there was a shooting yesterday. that's an easy one. majority muslim population and probably some limited, limited support for isis on the ground and they would probably wind up shooting a few bosnian or

werners and get some headlines. so in the short-term that's what i would expect to see as a follow on attack. not necessarily another immediate grand scale attack against the eiffel tower. >> andrew, after the u.s. went in and you could argue destroyed libya based on rebel groups fighting and also trying to oust gadhafi it's own that the west was funding or helping rebels in that region that ended up going to syria and they were part of the beginning of isis there. isn't this going to happen once again? if the west bombs heavily in syria, it's too late. i'm not sure what the end game still is and i have heard the argument before that it's about the russians forcing the west to choose between assad and isis and i'm being told by a lot of middle easterners it's not that simple. also remembering something like

40 different factions fighting on the ground in syria. different hinges of different things. some fighting for good, quote unquote as seen by the west and some fighting for less good as seen by the eyes of the west. so again i'm confused about what the end game is, with what the goal of the west is and trying to learn from history of what has previously happened. >> right. so there's a couple of elements to that. one is on the libya side, that may be true but this problem of militant islamic radicalism that's broken apart in libya and taken hold in syria, iraq, afghanistan, yemen, elsewhere, that doesn't really need encouragement from us. we may have armed -- we may have armed the group that then turned against our interest but there's a phenomenon that's going on that's much, much larger than the limited abilities of the top levels of the u.s. government to

make strategic decisions, right? with regards to syria and what is the end game, i would say the initial response of the u.s., go back to 9/11. an increase in political freedom in the middle east would reduce political radicalism. president bush saw a direct link between political repression and terrorism. now i think we have more or less given up on that argument, right? >> yeah. >> so more or less what we have come down on is we will just beef you have the counter terrorism state and ride this thing out. wait until this wave of -- wait until this wave of radicalism kind of washes out of the mid e middle east and that's going to take quite sometime. >> unless it just moves from syria next door to iraq and next door to jordan and we just continue bombing and just following. but andrew, thank you very much.

fellow in middle eastern affairs. >> thank you so much. >> let's recap flashes on the story we've had relating to raids in belgium. police carried out six raids in brussels related to the paris attacks and so far they detained one person in separate raids related to it. not the overnight raids in brussels itself. so six brussels raids this morning in belgium. >> yeah so after paris, a lot of big cities around the world are think whog is next. well we had isis propaganda releasing a new visit saying maybe new york city is a target of a potential attack in the future however the new york major and the police commissioner were quick to dismiss the threat telling new yorkers to quote go about their daily business. >> as you know, a video was released earlier today by isis

portraying scenes of new york city and portraying scenes of times square where we are now in an obvious attempt to intimidate the people of new york city. i'm here today with the commissioner and other leaders of the police department and the men and women of our department that patrol times square to make clear that the people of new york city will not be intimidated. >> that's right. not be intimidated. coming off of the tragedy of 9/11, the city, they do not want to see this ever again. ever. >> nor does anyone. the most concerning thing. i don't want to use the word scary. but the most concerning thing is how widespread this could be. we saw a football match cancelled in hannover, in brussels, we've seen issues in

paris, beruit and nairobi and this is hugely, hugely widespread. there's high profile targets like new york but i think it's much worse and broader than that. >> it's also i think one of the most intelligent comments i heard was that it's about getting used to a new reality, essentially? we heard it a lot but it is. we can't go backward. isis isn't a country. it's not like you can say we now won the war. it's a very different type of proxy war this time around. >> yeah and underlines again which a couple of guests were saying earlier that the only long-term solution is tackling the ideology and not the individual situation where is this pops up because it's in too many places. >> it's integration and all of that stuff. still to come here on the show, pfizer and allergen are ramping up talks on the mega drug merger as the u.s. government is get

readingdy to impose tougher rules on tax inversion deals. join us after the break.

let's give you a run down of what to watch today. weekly jobless claims are out at

8:30 a.m. eastern time expected to drop from the previous week. reflecting a firmer labor market. at 10:00 a.m. if november fed survey and october leading economic index. the atlanta fed president and the vice chairman of the fed are also speaking today. best buy and smucker after the opening bell and then gap ross stores and william sonoma. >> i like peanut butter and jelly sandwiches. >> it is delicious. >> home food. >> it's a great snack. i brought back a big bag of that from the states. >> let's talk about square and pricing it's ipo. we are look at $9 a piece which is below the expected range of 11 to 13 and that's also below 1546 a share investor hearsay to pay in the company's last private round of funding last year so the ipo for square raising around $243.5 million.

that's 80 million less than anticipated and values square around $2.9 billion. now shares will start trading on the new york stock exchange later on today under the ticker symbol sq. anl cysts say that they failed to win over investments because they have been skeptical about the bids itself and the valuation and about jack dorsey's dual role as ceos of square and twitter. criticizing him and the company for not better communicating how he'll split his time in the future. square just detailed dorsey's role in an updating filing on monday. he'll be on squawk on the street at 9:00 a.m. eastern time and he has a lot of questions to answer. >> that was him with the beard. >> he looks better without it. >> i like him with. >> really? >> maybe -- >> a real man wilfred. >> right. online dating firm match group

prices it's ipo at $12 a share. the low end of the expected range of 12 to 14. the parent of match.com tinder, is it okay cupid? there we go and other sites raises $400 million giving it a valuation of $4.2 billion including debt. match will still be majority owned by iac. shares will trade on the nasdaq under the ticker ntch. greg blatt will be on squawk box today at 8:40 a.m. eastern time. a great line-up on that front coming up. >> that's right. great line-up. also they'll be on exclusively. match though this morning ahead of its listing disavowing comments from tinder's co-founder and ceo that he made in an interview published during the u.k. this was published on wednesday and everyone is talking about it. sean in the interview openly

talks about his sexual history. he describes a super model who has begged him for sex and says he did a background check on a female journalist who wrote a critical article on tinder. he was briefly reformed as ceo last year after the co-founder filed a sexual harassment suit against him. he is not an officer of match group and doesn't hold any shares and match.com wants to make that very, very clear ahead of its ipo. >> you know what they say about men that talk about their sexual excursions, right? >> no, what? >> in terms of performance and things like that? >> we're like yes. >> don't talk about that. >> all right. well the u.s. government plans to get tough on tax inversions in letters sent to senior u.s. lawmakers treasury secretary jack lew says that new administrative action is needed to introduce the economic benefits of such deals in which u.s. companies reincorporate in lower tax countries while continuing their domestic

operations. lew imposed restrictions next year in an effort to make them more difficult and less profitable. he'll issue targeted guidelines this week. >> you know pfizer is reportedly ramping up discussions now to buy allergan in such an inversion deal. $150 million worth amid the u.s. crack down when it comes to the tax deals in the future. pfizer is negotiating a price of 370 to 380 a piece for the botox maker which is in ireland. now apart from the tax considerations a deal would give pfizer access to allergan's dominance in the market and display j and j as well as biggest health care company. if we can check in on share prices in german trade going the opposite direction. in fact, dipping below 300 a piece though we're higher by 3.5%. pfizer down by .5%. let's quickly go to break and we'll show you u.s. futures as

we head out. we'll be back in two. 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 and drive forward with broader possibilities. cme group: how the world advances.

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do do do be do. welcome back. fresh raids not just in paris but also in brussels. julia is there with the latest. julia. >> thanks so much louisa. well, information at this stage is scarce but what we do know is that there have been seven raids carried out this morning in brussels and in surrounding areas. six of those raids are to target known associates of one of the paris bombers. now his family has been residence tense in belgium for many years and before he left for syria earlier this year. but he's not the only connection between paris and belgium.

if we hone it down to the man believed to be the chief architect of the paris attacks he also believed to be been resident at one point. we have been talking about this all week. also believed to be a raid that targeted that area. now authorities are going to step up surveillance efforts and also security unfortunate efforts but what we're seeing this morning is far greater efforts to get more information about those par gattis attacks. guys, that's the latest. back to you. >> thank you for that. julia there joining us out of brussels. now that's it with regards to worldwide exchange. both of you are off tomorrow. what is this? >> we are. >> leaving the rest of us to do all the hard work. >> susan has a very nice vacation coming. >> that's right. thanksgiving in asia, back home. >> well, have a wonderful tile. we're going to have to leave it here for worldwide exchange. thank you for watching. >> u.s. squawk box is up next.

good morning. police are conducting raids in brussels all in connection to the deadly terror attacks in paris. ipo alert. in one of the year's most highly anticipated offerings square falls short. 25% less than hoped. match group also going public today. it's ipo pricing at the low end of its expected range. also why activist investors starboard is now change it's tune urging yahoo! to drop the alibaba spin off plan. it is thursday, november 19th,

2015 and squawk box begins right now. >> live from new york where business never sleeps. this is squawk box. >> good morning, everyone. welcome to squawk box on cnbc. i'm becky quick with joe kernen and andrew ross sorkin. we'll head for live reports for the search on information on last week's terror attacks but first a check on the markets here at home. if dow, s&p and nasdaq all coming off the best day in four weeks. it's all coming as it looks like the fed is prepared to take off in december. actually raising rates based on what we saw in the fomc minutes that were released yesterday. you can see this morning the futures are up once again with the dow up by 58 points. s&p futures up by