hi, everybody, welcome back. >> these are your headlines from around the world. >> mario draghi hammers home the message that the ecb will do whatever it takes to raise inflation levels reinforcing expectations for further easing next month. >> what i said here last year. if we decide the current trajectory is not sufficient to achieve our objective we will do what we must to raise inflation as quickly as possible. >> the terror continues. the hotel group confirms that

gunmen have taken 170 hostages at the radisson hotel in mali's capit capitol. >> europe has no time to waste. they're calling on ministers in brussels today to cooperate in the fight against terrorism. >> shares in nike are on a run after they reveal a 2 for 1 stock split and $12 billion buy back program. >> good morning, everyone. it is friday. let's take a quick peek at what u.s. futures are doing early hours. what we saw yesterday was a pretty flat day of trade. we saw the dow jones off by a couple of points but this morning expecting slight gains. the s&p 500 seen up by 4.5 points and the nasdaq seen higher by 11 points. look, health care, that was the big outperformer yesterday on the back of united health care

warnings and energy stocks underperforming on the back of weakness in energy prices but for the weak we want to tell you that we are on track for hefty gains. some 3% for the major averages. the dow and s&p 500 on pace for the best week in six. quick check on what european trade is doing. the cac 40 is down by .5%. only for the ftse 100 is eking out a very modest gain but we're not too far away from the three month highs that we saw in yesterday's trading session. mario draghi spoke this morning and he sounded pretty dovish once again so do expect more easing in a few weeks time when the ecb meets again. in the commodity space what we're seeing as a little bit of a turnaround just for the last one or two hours or so. wti crude up just modestly. brent crude at 44. oil prices still close to the 3

month lows and spot gold is up by .3%. let's check in on the markets in asia. >> good morning to you carolyn. we saw mostly a positive close for the big picture here in the asia pacific region but a lot of the buying happened toward the end of the afternoon session. i want to draw your attention first to the china market, the shanghai composite and the hang seng. the composite ended up .4%. the hang seng also saw three big ipos today up by more than 1%. now the pboc in beijing announced after the close that they're going to turn on the easing taps once again cutting the rate it charges to the banks for overnight lending as well as the 7-day bank loan rate. this is in order to add more liquidity into the system. the big push is to try to get lending out to more of the small and medium sized businesses. we saw the china indices react there. the nikkei was in negative

territory during this friday but it was the last hour where traders decided to buy and they were able to help the nikkei ek out a small gain. now the big drag today was the strengthening yen against the us. dollar so that weighed on japanese exporters there. it had the best week in about a month up 4% as energy companies were able to rebound this week compared to the 8% loss from last week with the asx 200 up by about .25%. as well as gold miners because gold was trading up during asian trading today. >> thank you very much. now just continuing on with regards to the latest out of mali. the operator of the radisson blu hotel confirmed that two gunmen have taken 170 people hostage.

the u.s. embassy is aware of an on going active shooter operation, northern mali has been known for al qaeda activity in the past and bamako was the scene of an attack in march at a restaurant. so it's still unfolding as we know as you were saying as well and conflicting messages in regards to how many gunmen. from what we know now it's still unfolding and we had messages through saying they're doing everything they can to reinforce security at the hotel and deal with the incident. >> absolutely. a flash that i'm seeing on reuters saying that the mali hotel gunmen freed some hostages including those able to resite versus of the kuran. this is based on reuters.

>> now speaking at arrivals. france's interior minister urged counter terrorist measures. these are arrivals in brussels where they're meeting to talk more about what's going on in europe at the moment. >> we hope that with regards to border control in the context of this extremely serious terrorism crisis these decisions are taken. they're about considerable reinforcement of our external border controls. >> well, julia is in brussels and hadley is in paris. let's get the latest from where you are. >> well, thanks louisa. this meeting has now been underway for just over an hour. as you heard there it's about talking about beefing up the counter terrorism measures. there's a number of key items on

the agenda. crucial issue of making it more difficult to acquire weapons and also tracking those weapons not just within europe but also from the external borders and then entering europe. the other thing very much tied to that is beefing up the security around the external borders there needs to be more fire power and that will take greater financial support as well. perhaps the most contentious issue is the passenger name records. this is getting greater data on airline passengers and something that lawmakers here refused to do in the past. they say it goes against privacy laws. unfortunately we're at the stage now in light of the paris attacks where greater security has to outweigh privacy and i think that's likely to be the decisions that get made here today. of course i say decisions. it's just a discussion. and in light of what we saw in paris on friday and a greater

need to take more action and beef up security in the eu it will come down to quick decisions to take action. the hope is that we get measures passed even before christmas. back to you. >> thank you. let's pass it back out to hadley as well who joins us out of france, out of paris and of course we continue to see the aftermath of the raids. what's next for france now? where are we? >> well, today france is calling for a unified declaration of war and telling europe it's time to wake up to the threat of terror across the board. later today here in paris french lawmakers will be debating and going for a final vote on the extension of the emergency powers. they want to extent them for a further three months. it's something necessary to securing the french state and of course he has been very busy on his own. he has been working toward drafting a u.n. resolution that

would essentially get all five members of the security council on board. it's interesting if we look closer at the language. he has gotten very little push back from russia and china. they're usually the countries that give a little bit of push back when it comes to putting boots on the grounds in a situation like this. certainly the russians are working as allies against the islamic state in syria and of course with the supposed execution of a chinese national xi jinping has been condemning the islamic state in the last couple of days. the big question is whether president bashar al assad will be a positive force in going against the islamic state. the russians want him in the picture. those in teheran want the same. but the western allies, the united states, france and u.k. in particular said mr. assad must go and cannot be part of

the solution in syria, guys. >> hadley can i just jump in here? i want to ask you about hillary clinton's comments yesterday. we all know she's trying to find a fine line between not being too close to president obama but also not in some way tainting her record as a former secretary of state. i use the term quite loosely there. what do you think she meant when she said that the arab nations need to step up here? who specifically was she talking to? >> well, certainly she was speaking to the gulf arab states and certainly to the leaders of egypt and jordan as well and the question is where are they in this fight? they will say at any time we have been doing all that we can to assist western powers in the fight against the islamic state. we have our own problems at home he is worried very much about the situation unfolding in libya and for the saudis they are at

war in yemen and that engagement hasn't been going so well. daily you see reports in the press and the uae and saudi arabia of the soldiers in yeme and really what the goals, what is success in that country really, really look like? big questions for them at home keeping their focus away from what's happening in the short-term at least in syria but that's a very relevant question for those countries. for the gcc in particular. where are they on this and what kind of support are they going to be giving to the west. >> hadley we'll have to leave it here. thank you for your update. i also want to thank julia in brussels. we'll come back out to you in a little bit. still to come, running into some cash, nike investors cheer a dividend hike after hours. we break down the details. that's next. don't go away.

welcome back. two gunmen have taken 170 people hostage in mali. the ecb must raise inflation levels and nike is to buy back $12 billion in stock as it announces a two-for-one stock

split. >> ecb president mario draghi says we will do what we must to increase inflation. he says monetary policy will remain accommodating for as long as necessary. >> i reiterate what i said here last year. if we decide the current trajectory of our policy is not sufficient to achieve our objective we will do what we must to raise inflation as quickly as possibility. that's what our mandate requires of us. >> meanwhile, state side, the fed vice chairman says that the central bank has done everything it can to prevent a market surprise when it finally raises rates. speaking in san francisco yesterday, fisher says the fed telegrafd it's intentions so well that other central bankers now started to get impatient about it. >> when you have no intention

and you know that nobody else has intentions on changing the interest rate, going to two day meetings on what to do about the interest rate is not exciting but now it's getting exciting and interesting. >> he says that no final decision has been made about what to do in december and the fomc continues to scrutinize every piece of economic data. >> really interesting comments coming from the president of the german bank and he's been a lot more hawkish than mario draghi and he's been against the further extension of the asset purchases. very, very tough critic of that. he says the longest we say the less effective policy will become. he sees no reason to talk down the economic outlook and paint the picture but he says policy measures need time to fully feed into the economy. if it were up to him there wouldn't be more easing come

december. all right. let's give you a run down of what to watch this trading day. no major economic data today. james bullard and bill dudley are both speaking about the economy. a pair of opening results foot locker and abercrombie & fitch. >> nike is planning a $12 billion stock buy back and two-for-one split of its shares. it's also raising it's dividend by 14%. they have an $8 billion buy back program expected to be completed in may. it is set to grow faster over the next five years than the previous 5 years with revenue hitting 50 beside by 2020. they're up by something like 5% almost in german trade having been higher in after hours trade as well. >> gap is cutting it's profit outlook as the retailers third quarter sales fell more than expected. same store sales fell 4% while

they drop 12% at banana republic. old navy saw sales drop 4%. inventory dropped ahead of the key holiday shopping season. gap falling 4% in after hours trade. germany currently off by 3. >> well, google is naming vmware co-founder and former ceo to run it's cloud business. they made selling cloud storage to businesses a top priority as the company takes on amazon and microcost. green that's been on google's board for three years now will be leading a new team combining google for work, cloud platform and google apps. they'll be buying the start up. google's parent alphabet trading up by just over 1%. >> microsoft and volvo have announced a partnership on next generation auto technology. the first stage will see car buyers get an interactive shopping experience using the

giants a head set. they told cnbc the two firms are exploring a number of further collaborations that will lead to autonomous driving. >> you can learn more about what it means for the future of the auto industry on our website. head to our page on cnbc.com. >> all right. just to bring you the latest on what's taking place in mali over the last hour or so, we have the latest that the mali gunmen have released some hostages that are able to read versus. so that's the latest that we have from there. we heard earlier that somewhere between 2 and 10 gunmen had taken 170 hostages in total at this hotel in mali. >> united health may be pulling out of obamacare. find out why after the short break.

>> united health says it will evaluate during the first half of next year whether it will

offer obamacare plans in 2017. speaking on u.s. closing bell on thursday the former ceo of aetna warned of greater volatility in the industry. >> i view it as a reflection of the underlying cost that the health plan is actually experiencing. i think what we're seeing is the maturing of the exchange model and awareness of how complicated it is to actually run an individual health insurance business. >> joining us live from boston is the ceo of medical device company. good morning to you. thank you for joining us. if we can just talk about united health's warning a little bit more from yesterday, if even the biggest health care insurer might be with drawing from the obama backed exchanges, are they viable? are they sustainable in the longer term? . >> certainly there's a lot of change in the industry and people are going to have to take cautious steps and try to understand how to make it work for them.

next stage medical is really focused on reducing health care and transitioning the care from higher cost environments to lower cost environments. >> what would that mean for your business through next stage. if many of the major health inshoers do with draw from those exchanges, what is going to be the knock on effect on you? >> we're always worried about the structure reimbursement. obviously we need our patients to have coverage. both domestically in the u.s. there's a long history of very high quality reimbursement because the majority of patients are covered by medicare rather than the private exchanges. so at least for our business we don't see a significant risk as that evolves moving forward. >> but the problem is many new clients are trying to gain the exchanges. they'll only jump on them when they need coverage and jump off them when they no longer need it. how do you avoid the problem?

>> that's exactly the challenge and i think that, you know, reimbursement structure will evolve to try to deal with the impact. we can't have the high cost patients jumping into the exchanges without having the low cost healthy patients as well and i think the system will evolve to deal with that over time but it's a balance. you're right. >> what's the health care environment like at the moment? what's the industry like as we head toward a year that could see the beginning of the normalization cycle coming through for the fed. >> i think the exchanges and health care system in general is at a high rate of change. there will be a balance pushing back and forth until we find something that works. we're a massachusetts company where we had that type of structure in place for a number of years and feel like it can work but it takes the time to evolve to a sustainable

environment and i don't think we're there yet. >> i noted that you sold something around about $208,000 worth of stock recently, if i'm correct? and another executive also selling a large amount of stock. i lost track, above $200,000 worth of shares. why are two executives selling out of stock in a company where there's a lot of buy ratings on the shares at the same time coming from analysts? >> we have a very conservative program for executive sales. we actually have program sales only so those are put in way at advance and hit trigger points that cause those sales but it has no reflection of how management feels about the company and their prospects and those were done months ago. >> what's the pipeline for next stage? >> a lot of times when you look at suitable companies it's not about the drugs and the treatments that you have today but what's lined up for tomorrow

with copy cat drugs entering from everywhere. >> that's right. next stage is innovative technology company that developed a system to allow patients with kidney failure to treat when they want where they want as opposed to having to go to a center three time ace week. so he enabled the flexibility of moving from a higher cost environment to a lower cost environment and then the leaders to create this home dialysis market. last week we launched or explained our product portfolio which takes us from that into a broader addressable market from about a billion to 5 billion over the next few years as we release our next generation technology, a product for dialysis and another product for the critical care dialysis market. >> thank you for getting up to talk to us this morning. >> still to come on the show,

president obama, we cross over to washington d.c. for more on that after the short break. don't go away. you can't predict... the market. but at t. rowe price, we can help guide your investments through good times and bad. for over 75 years, our clients have relied on us to bring our best thinking to their investments so in a variety of market conditions... you can feel confident... ...in our experience.

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hi, everybody. welcome back. the hotel group confirms that gunmen have taken 170 hostages

at the radisson hotel in mali's capital. >> europe has no time to waste. the french interior minister calls on ministers meeting in brussels to cooperate in the fight against terrorism. >> mario draghi hammers home the message that the ecb will do whatever it takes to raise inflation levels reinforcing levels for further easing next month. >> if we're decide it's not sufficient to achieve our objective we'll do what we must to raise inflation as quickly as possible. >> shares are on a run in after hours trade as they reveal a 2 for 1 stock split and $12 billion buy back program.

>> all right. let's get back to the top story in mali. gunmen have taken 170 guests and staff hostage at the radisson blu hotel in mali. the 170 captures we're seeing a vast array of people from within the 170 captured from many countries but those that have been able to read versus from the koran have been freed. state tv announced further details of the attack. >> according to witnesses some of the assailants arrived on foot. special forces launched an assault at 9:30 local time. just over 30 minutes ago. some of the hostages were able to leave the hotel. >> now we have heard here within the past hour that chinese are among the hostages also the turkish airlines are saying they have six staff members inside

the hotel in mali according to turkish officials and we also have other sources, the french presidential sources quoted saying that french people are among those held in the hotel siege that's taking place in mali as well. carolyn. >> let's take a quick peek at u.s. futures. here's what we're expecting for the final trading day of the week and we're expected to see slight gains at the start of the trading session. this is after yesterday we closed pretty much flat but the s&p 500 is seen up by roughly 3 points. the doj jones seen up by 58 and the nasdaq seen opening higher to the tune of around 12 points or so. >> now, u.s. markets had a fantastic week so far up around 3% despite the warnings from united health care yesterday which dragged down the health care sector. in europe we're seeing a little bit more of a mixed picture. the xetra dax with a modest gain

but we're seeing the cac 40 later on this morning. in the commodity pace what we're seeing is brent crude up at 0.6% but wti crude still holding on to the 40 handle but very minor losses down by 0.1%. spot gold up by .3%. >> let's talk more about the other news items out there. square rocketed in it's market debut. was the price of the ipo too low and is that to thank for the reaction? kayla filed this report. >> chairs of square soaring in the company's stock market debut ending up 45% to close at $13.07. that coming after the company priced it's ipo well below

expectations. $9 per share is where the ipo was price compared to an expected price range of 11 to $13 a share. given all the volatility in the market and the not so great bermuda f performance investors wanted a steeper discount and more assurance of a value play. that's why you saw the company's stock perform where it was. for square there were a few specific issues as well. first the company's ceo splits his time between two companies. second, there's a lot of competition in this space that exists today and is on the heels of square for tomorrow. and number three, the company isn't profitable. it's had 8 straight quarters of losses and we asked jack dorsey exactly what his plan for the company's outlook was. here's what he said. >> we don't see this as a loss. we see this as investment in our

business. we show to break even in q-2 this year. we have a business that can see that but we want to invest in growth. >> as for now, the company has about $400 million in cash after the ipo. dor the company will reinvest in it's products and hope to accelerate growth but of course there will be some example pointed to this for future ipos. you can find buyers for your stock. it just has to be at the right price. for now, back to you. >> the ipo made jack dorsey $300 million richer and he is now worth more than $1.5 billion in stock value alone. >> tinder and okay cupid also had a good debut. the stock soared during the session after pricing at $12. it eventually closed almost 23% higher.

cnbc spoke with the group's chairman and got his take on the li listing. >> it's been a choppy market and the events of the last two weeks made people nervous and everything else so i think that the price to get liquidity is higher than it's been. >> now speaking ahead of a meeting taking place with interior ministers meeting in brussels, france's interior minister urged europeans to swiftly decide on counter terrorist measures. >> we hope with regards to border control these decisions are taken. they're about considerable reinforcement of our border controls. primarily by increasing the powers. >> hadley joins us again live

from paris. as we see the unfolding of this siege in mali now, we have all of these ministers meeting in paris, what's next for them. >> this is a country calling for a declaration of war against the islamic state and they're telling their european neighbors that it's time to wake up to the terror threat. now of course later today there will be a final vote in the french parliament where the senate members will vote on the extension of the powers we talked about so much over the last few days. the french president saying that's essential to keeping this country secure. he is also very busy at the moment working on a un resolution that would call for this unified declaration of war against the islamic state. it would bring in the russians and the chinese. the five members of the security council are expected to get on board with this. the sticking point will be whether president assad will have to stay or go. of course the western allies

said time and again that they don't want him to be a part of the solution in syria. the russians hitting back over the last 24 hours or so saying this is not a conversation that can be had. mr. assad has to be part of that going forward. so no doubt this draft resolution should be brought to the table in the coming days. i want to mention about the situation in mali, you can't have a conversation about islamic state or militants in that country without mentioning that the french have been there since january of 2013. they have been working closely with the united states. not just in mali but in neighboring countries trying to get a handle on the islamic militants in that country and what they are trying to do but now we have seen more of the islamic state and there's a worry over what's going to happen in terms of the libya knock on effect in terms of the rising in those countries. there's another element to this as well. what's happening at the united states in the moment. we've seen a lot of backlash not

just from republicans but democratic lawmakers as well about what this will mean for the migrants. many trying to come to the united states. the president opening his arms and saying they're welcoming so much push back over the last couple of days. take a listen to what hillary clinton had to say. >> this is a time for american leadership. no other country can rally the world to defeat isis and win the generational struggle against radical jihadism. only the united states can mobilize common action on a global scale and that's exactly what we need. the entire world must be part of this fight but we must lead it. our efforts will only succeed if the arabs and turks step up in a much bigger way. this is their fight. and they need to act like it. so hillary clinton adding her voice to the growing calls from u.s. lawmakers, governors, those

on capital hill asking the u.s. president to do more on the situation in syria and the fight against the islamic state. >> thank you for that. president obama will veto a bill passed by the u.s. house of representatives last night that would mean stricter screening for refugees. let's get out to tracie potts who joins us from washington. this is a highly polarizing issue. >> well it certainly is because you have on the one side the ball balm administration saying these are mostly children and grandparents and women who are fleeing a war torn country overwhelming the midwest, middle east and europe and they need help from america. they need to be let in so they can get some assistance. on the other hand, you have people here, critics in congress saying they're coming from a country where isis is throwing a big part of that country and we can't be sure that isis won't slip in with these refugees. so that's the argument. what's already happened here on capitol hill we've had 47

democrats cross over voting in favor of blocking the refugees from coming into our country which the administration says is an overreaction. it's not a done deal or going to the president's desk until the senate deals with it and they told us they're not going to do that until early next month. at least until after the thanksgiving break back to you. >> thank you very much. joining us live from nbc news. coming up later today the former florida governor and current republican presidential candidate jeb bush will be joining andrew becky and joe on squawk box at 6:30 a.m. eastern time. >> i also want to bring you up with the latest on the hostage situation unfolding in mali. special forces are at the scene of the hotel siege. france providing logistics and intelligence support according to a french diplomatic source quoted by reuters.

of course we'll bring you more on that as we get more information. still to come on the show, the u.s. government takes action to curve tax inversion deals but the new rules may not be enough to halt what could be the biggest merger of the year.

>> buy back $12 billion and raise it's dividend by 14%. shares jumping more than 3% in after hours trade but this also has no implications for the waiting in the dow jones industrial average. the stock split means a discussion in that roughly 16%. the sector to see a bigger waiting now results at the industrial sector at around 20%. >> thank you carolyn. let's move on because as expected the u.s. government is unveiling new measures aimed at curving so-called tax inversion mergers. some experts are saying that the moves are modest at best. landon is at the cnbc headquaters and she joins us. landon, as ever, good to see you. good morning. >> good morning to you as well. the u.s. treasury awaited long awaited rules to make tax

inversions more difficult. the treasury secretary says the rules will further reduce the economic benefit of such deals. the changes will make it harder for a u.s. company to buy a firm in a foreign country and relocate the combined address there. they also limit the maneuvers taken before a merger to make a foreign company look bigger and escape existing u.s. tax rules. and that could cause problems for medtronic. current u.s. law allows inversions to go ahead of the u.s. companies. chairholders are less than 80% of the combined firm. they also make it harder to do cherry picking and they don't

tackle earnings stripping. jack lew says there's only so much the u.s. government can do and is urging congress to take action. democrats side with the obama administration but republicans favor addressing tax inversions as part of a broader overhaul of the u.s. tax system. the new rules aren't likely to be a problem with the pfizer allergan merger. they are considering a deal structure to have allergan be the buyer. pfizer would essentially be buying allergan. the deal is expected to be mainly in stock but could be a small cash component. pfizer could pay about $355 a share valuing allergan at $140 billion. a deal could be struck in the next 7 to 10 days and checking pfizer and allergan in europe both are up over 1%. back to you. >> thank you. if you're just joining us this morning these are headlines. gunmen have taken 170 people

hostage at a luxury hotel in mali. some have been freed though. a dovish draghi extending the euro lower as the ecb must raise inflation levels and nike is to buy back $12 billion worth of stock as it announces a 2 for 1 stock split.

>> welcome back. gunmen have taken 170 guests and staff hostage at the radisson blu hotel in mali. the latest reports coming through suggest that of the 170 people captured some people have been able to escape. mainly those able to resite versus from the koran. state tv announced further detail of the attack. >> according to witnesses some of the assailants arrived on

foot and the others in a vehicle with diplomatic plates and tinted windows. special forces launched an assault at 9:30 local time. over 30 minutes ago some of the hostages were able to leave the hotel. >> out of the 170 people we know that there's chinese people effected that are in the hotel. turkish people are in the hotel as well. they have six staff members inside the hotel according to turkish officials. we're also hearing that there's french nationals a cording to french presidential sources in the hotel as well. apparently according to senior security sources the gunmen are moving floor by floor. they have arrived on the 7th floor from what we know now at the raddison hotel in the capitol of mali. the northern part of mali has links to al qaeda. they have had attacks in the past. at one point french military operation hearsay to come in and try to help solve issues there

and we've seen sporadic attacks since then and there's a history with france because of course there used to be french colonization taking place there in the past too. but that's taking place as we're on air. >> let's take it back to the markets. we want to show you what u.s. futures are doing at this early hour. expecting a higher start. the nasdaq seen up by 15 points or so. let's get out to a chief market strategist. look, had a very flat close in yesterday's trading session and health care, one of the big decliners. what exactly are you watching today, bob? >> well, good morning, that health care story that you have been talking about all morning. it's a big deal to see if the bleeding we saw across the sector yesterday continues. so far we haven't seen a lot of comments from the other major players in the sector and we had an interview earlier with the

gentleman said it wasn't going to effect his particular plan in terms of what united health care did but repayments is a big deal for planning for the next few quarters and we have seen more and more that terror attacks have for effects and in paris they haven't had negative effects on the equities market but you'll see some traders in the short-term with a fear of what could happen over the weekend and how that may effect their position. so you may see some of the covering of shorter term longs and a little bit of pressure toward the end of the pressure. we expect more of the same. fed speakers today as well. dragi's comments are stronger for the dollar and will play out for most of day.

but you could see the sell off based on the fears. >> the knock markets not impacted too much by the events unfolding in paris this week you mentioned the dollar which is interesting because it's had a mixed week. at the start of the week it was the safe haven flows pushing out the dollar but then profit taking on thursday on the back of the seven month highs. where next for the dollar? >> well, i think the overall trend for the dollar is definitely up and you add mario draghi's comments from this morning into that. we don't expect anything out of the two fed speakers today that's going to be anywhere far away from the status quo talking about december. they may not be that specific as they're speaking on the economy. they'll probably talk about broad relative strength in the u. s. economy. they might mention again as they did in the statement about some export weakness and how that may effect things. we expect those to continue but we do expect a september rate hike. it's more about fed credibility

at this point and when you combine that with mario's comments you'll see the dollar back up toward it's highs. >> thank you very much for being with us. we're about to wrap up the show and if you're just joining us i want to give you the latest on mali. we know that there is an attack taking place at the moment with gunmen that have taken over a hotel. 170 people have been taken as hostages. you would assume there's lot of nationalities from within those people. it is an international hotel. the radisson blu. chinese are inside. french people and turkish inside as well. americans are telling their citizens to stay indoors and they're trying to get the situation in check. we're hearing they are moving floor by floor. they have arrived to the 7th

floor of the radisson hotel in mali. >> that's it for today's show. >> up next u.s. squawk box. you've read all of my lyrics? i can read 800 million pages per second. that's fast. my analysis shows your major themes are that time passes. and love fades. that sounds about right. i have never known love. maybe we should write a song together. i can sing. you can sing? do be bop. be bop do. do be do be do. do do do be do. announcer: if you'd give thanks for a bette[barks]'s sleep... sleep train has just the ticket. [train horn blares] during sleep train's "thanksgifting" sale save up to $300 on beautyrest, posturepedic, serta, even tempur-pedic! get up to three years interest-free financing! plus, choose a free gift with selected mattress sets! but hurry, sleep train's "thanksgifting" sale won't last! ♪ sleep train [train horn] ♪ your ticket to a better night's sleep ♪

happening right now, a major hostage situation in northern africa. a raid on a high end hotel in mali's capitol. a world on edge one week after deadly attacks in paris. a new isis video threatens other western countries. not surprisingly that would include the united states and the global markets following it all and so far investors are taking renewed jitters in stride. we have been up this week and futures are indicated sharply higher. it's friday, november 20th, 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 here on cnbc. i'm becky quick along with joe kernen. andrew is off today. we have breaking news at this hour. reports that ten attackers have taken 170 people hostage in a luxury hotel in mali. this is taking place at the radisson blu hotel. the embassy is telling it's staff and all the citizens in the country to shelter in place. we'll continue to follow this developing story. >> it is a largely muslim country. >> 60%. >> it's impossible to avoid talking about things like this and there are reports that some hostages are being released, if you can resite passages from