welcome back: president putin says that turkish leadership supports radical islam. but turkey's president denies that the downing of a russian fighter jet was a direct provocation as they scramble to deescalate the tension. >> we don't have any intention to escalate the situation. what we want is to defend our security and the right of our

brothers. sinking on weak pc sales while they jump on the profit forecast. >> uber's global head talks about how the ride sharing firm could be carrying more than passengers in the future. >> we'll always be growing we're capable of doing a lot more. we're making investments all around the world and in business opportunities. >> hi, everybody. welcome back. we're glad to have you with us. >> they're talking about how they see the rising of a market sell off.

she says that it's a low level of financial systemic risk in the euro area and an increased risk of abrupt increases in risk preed yum at a global level amply identified by low market liquidity a faster than expected fed tightening could push the yields higher according to the ecb and that financial vulnerability for the emerging markets sin creasing. china they point out as being a particular concern they talk about low profitabilitiened

systemic risk. let's talk more about geo politics. russian president vladimir putin said turkish authorities purposefully supports radical islam in it's country. this is after they're telling the news agency it's sending surface to air missiles to protect it's aircraft in northern syria near the turkish border. hadley we know russia has missiles as well set up along the syrian border they say now to defend further planes for the flights. it's heating up. it's going in the wrong direction. >> that's right. he said what happened to this russian aircraft wasn't men to escalate tensions but when you're talking about blowing

another country's aircraft out of the sky, it's difficult to think it is anything other than a direct provocation. >> we don't have any suspension to escalate the situation. what we are doing is to defend our security and the rise of our brothers. >> we state m.d. times the fact that a large amount of oil and oil products is being transferred to the territory of turkey and territory seized. they're receiving their financial support and now we receive a stab in the back with strikes against our jets which are fighting terrorism. >> it's also on going whether this was in syrian air space or turkish air space. >> my top priority is going to be to ensure that this does not

escalate and hopefully this is a moment in which all parties can step back and make a determination as to how their interests were best served. the russians had several hundred people of their own killed by isil. and the flow of fortune fighters out of russian areas into syria poses an enormous long-term threat to russian territory. so there is a potential convergence of interest between the various parties. it requires us working with them to make the kind of strategic shift that's necessary. and what i have talked to putin about for five years now. it requires a recognition that the existing structure cannot gain the legitimacy to stop the

war and until you stop the war you're going to have a vacuum in which these kinds of terrorist organizations cannot break more effectively. >> making it clear that turkey has his support and the support of nato: the russian foreign minister will not come to turkey as originally planned and the russian native is going to protect it's planes with the use of ships now off the coast of syria so serious implications. not only economic but also geo strategic worries as well. >> thank you very much. >> let us know what you think about this. also keeping in mind that turkey has people in the northern part of syria and russia has been bombing them in the latest round of air strikes so some are arguing that instead of targeting isis russia is targ

targeting other groups. so it's a very complicated story as always two sides to everythi everything. >> authorities are on the hunt for a suspect that helped coordinate the attacks in brussels. if you were joining us what do they need to know? what is happening in brussels today at the moment? >> thanks so much. well, there's two developments here in brussels. the manhunt on going is now expanded. authorities are looking for a second man. he was seen two days prior to the paris attacks with the first manhunt suspect.

so two men being pursued. we're trying to get back to normalcy. whether they were afraid and thought the whole thing was going to be a big interax. listen in, mixed reviews. >> i'm feeling okay. but today i decided to take the metro because i think it's okay. >> yeah but i have a problem. i don't know how to go to school. i have a problem they make it sound pointless overall. people were scared and it's good

to reassure people or take action to prevent future danger. >> i have to admit the vast majority of people are pretty baffled actually. are we at risk here or aren't we? i question the level of communication but guys for now at least, two suspects being pursued. we're still at a high security alert level but also we're seeing a return to normality as far as the lock down is concerned. >> thank you for that. now we're a couple of hours away from the u.s. market open a bit higher by close to 40 points. when it comes to our european

markets we're higher as well. hanging on to the gains. cac 40 up. and giving you a rundown of what to watch today in trade it's really full today. lots of economic data ahead of the thanksgiving holiday. look out for the weekly jobless claims and october durable goods, personal income and spending. new home sales and november consumer sentiment. so loads of data. deere, the lawn tractor and maker of farm equipment reports results before the opening bell as well. and taking a look at the other top stories today, the u.s. centers for disease control said they may have been affected with e. coli after eating chicken salad they got at costco. the ingredient linked to the infection hasn't been identified. they stopped selling the chicken

salad last week. last year the retailer was linked to a salmonella outbreak as well. costco still a bit higher in germany this morning. >> walmart is suspected of bribery in brazil it focuses on $500,000 in payments. the justice department, the fbi, they all travelled to brazil earlier this month to interview witnesses. they're examining whether they knew of and approved the payments. still to come here, a mixed card for hewlett-packard. does this mark the end of it as we know it? it's always good to hear from

you. worldwide@cnbc.com. also on twitter. interested to hear what you think with regards to turkey and russia. i'm turning seven. what did you ask for? a princess. and a pony. you like things that begin with p. i like pink frosting too. will you have a cake? yeah. i was too sick to have one last year. the data your doctor shared shows you are healthy. are you a doctor? no. i help doctors identify cancer treatments. i want to be a doctor someday. i can help with that too. watson, i like you.

>> hi, everybody. good morning once again. these are our headlines this morning. russian president putin says turkish authorities purposefully support radical islam in their country as turkey is saying it will do everything it can to prevent escalation following the

downing of a russian jet, hewlett-packard falls sharply in after hours as pc sales hit earnings on that front. >> welcome back. in corporate news today s&p is lowering it's outlook on yahoo! from negative to stable but also firming it's rating. they cite proposals for weak revenue growth and rising costs for web traffic. it could cut yahoo!'s rating any attempt to raise debt to appease shareholders could also prompt a ratings cut. now hewlett-packard's final earnings report they show the challenges for the two new firms split into sales of commercial software, tech services, all fell into the physical fourth quarter. hp that sales pc's printers and

hardware to consumers and businesses is projecting first quarter numbers below analyst estimates and cutting it's full year outlook for 2016. a bright spot, hp enterprise saw an increase in sales and services and networking gear. falling in 7% in after hours trade rising almost 4%. you're looking at the german trade this morning. hp lowered by 8% hp inc while hp enterprise is up by 2.5%. mega whitman should be on squawk on the street later on after 9:00 a.m. eastern time. >> now the ride sharing giant uber is facing regulatory challenges in a number of key markets in mar relating to the employment status of its drivers. the 1099 issue forced a number of sharing economy companies to change their employment models as part of our tech transformer series we spoke to the head of

global operations and asked for his thoughts on the on going controversy. >> we look at the platform and the partners that we have on the platform, it's essentially very obvious to us that over half of the easing platform. so for this full time discussion it's like that's just not how our platform is used. so when you dig in just one click into the data on how drivers think about using uber to earn supplemental income it's pretty obvious. overtime that will play out. >> is there a point where you think public investors would be more comfortable with your business model just given still the risks that are out there for a young company? >> yeah. i think that, you know, taking on some of the risk as an investor is part of being a start up investor and certainly as we moved through different stages of being a start up we move through a lot of those risks and we have a cease and desist from san francisco in

october of 2010 and had to learn that this industry and this space would be highly regulated and being in 365 markets we had a lot of regulatory conversations and governments are learning how to think about ride sharing in their transportation infrastructure and we're learning where we can support a public transportation system and bring safety to a place that maybe didn't have it in the transportation sector like it should be. as we get better at telling that story i think we help folks understand the risk a little bit better but certainly there's still a lot of stuff to work through for us. we're going to continue to invest and scale and there's things that we don't know the outcome to but we're open arms

excited about the opportunity to be a part of the different cities that we're operating in and we're growing our team and, you know, we're learning as we go. in that regard we're very much still a start up. it's still in our blood as a start up so if we can continue to grow and learn and take on those challenges i think investors are likely to be happy with the outcome. >> you can of course check out the full interview and what else is up it's sleeve. head to the tech transformers special report page on cnbc.com. tom writes in and says he loves puppies too. delivering puppies i fweguess. he says i have a little brussels griffin. they're adorable. good on you. we'll leave you with a look at how the futures are trading ahead of the open on wall street. we're called just a couple of points higher. see you after the break.

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welcome back. good morning, good morning. the u.k. chancellor will have to dig deep if he is to get britain back in the black by 2020. wilfred is outside westminster with the autumn or maybe we should rename it the winter statement. wilfred frost. >> thank you very much for that as you say, the chancellor due to outline his autumn statement. i'm joined now by the ceo of

wpp. a man that needs no introduction. >> absolutely none. >> great to have you with us. let's touch on the u.k. and today's statement. do you think these ambitions, has the majority of the government gone a little bit to the chancellor and david cameron? >> your words not mine. they think they're in a strong position so probably likely to be more aggressive so when you were talking in the wind up before you said about the election result when they were making promises in the course of the election when they thought they wouldn't get a majority maybe they were a little bit excessive in terms of their ambition. i'm a little bit concerned about the u.k. we have the olympics and european football

championships and american election. gdp is going to rise say 3.5, 4 nominal next year. maybe it will be a little bit stronger. so it's not all bad news but the u.k. has been slowing for us. there's fiscal tightening. the chancellor has to increase security spending and defense spending and there's rabbits he pulled out of the hat. the animal spirits of corporations are not food. they're too cautious and too short-term and sitting on $7 trillion of net cash and last year the s&p 500 returned more in dividends and buy backs than they remained earnings so we're far too cautious. the chinese, indian companies, even rush yab companies are probably more aggressive that u.s. we have to shake that.

one of the things i'd like to see is a short-term gains tax rise and long-term capital gains tax come down because that will stimulate people to look at the long-term and make it much more motivated than the long-term. >> is the element of corporate cause of action related to the threat of a brexit. >> we get black swans but clearly fed rate rise and in europe itself, qe has been delayed over christmas or we'll have a christmas break but the economies are fragile. we delivered record results in 11, 12, 13 but we have done it again in an environment with low growth and low inflation and focus on cost. we're doing it more by grinding it out in hand to hand combat than in terms of growing the top line. you mention the middle east is

that a big concern for you? >> i was actually in a new studio yesterday and when that happened and, you know, i thought of it -- what does it take to trigger something much more serious? and that's what markets get worried about and we all get worried about obviously. so it was a black swan. there will be plenty of others i'm sure and it adds to the uncertainty. that terrible event in paris where we lost people in our own organization. that adds to the uncertainty. brussels closed down for a few days. the ceo of air france saying that bookings are down already result of those terrible things and companies look for excuses not to do things. brexit is an excuse to delay

investment so it adds to the uncertainty. average life of a ceo is five to six years so he or she looks and has to look longer. what's your latest take on the u. s. election? >> i think hilary wins. at this stage it's immaterial. i think what's really powerful is the concept or the idea or the practical idea of a first female president. people underestimate how important that is. we'll have the potentially first woman president. i think that's very powerful. >> sir martin, a pleasure as always to see you. thank you for joining us. >> with a non-damaged hand. >> not meant to draw attention

to that. thank you and guys back to you in the studio. >> it's all the whacking of the rest of us here in the studio that you have been doing wilfred. we'll see you soon again. we also have full coverage of the autumn statement later on. a show down in new york as fanduel and draft kings battle it out with the state's attorney general. this is fantasy sports we're talking about. what is it? you don't know. stay tuned. more on that coming up.

hi, everybody. welcome back. you're still watching worldwide exchange. russia's defense minister says a missile cruiser is ready to destroy any threat to russian war planes as president putin says turkish leadership supports radical islam but turkey's president denies the downing of the russian fighter yet yesterday was a direct provocation as nato members scramble to deescalate the tension. >> we don't have any intention to escalate the situation. what we're worried about is to definite our security and to definite the right of our brothers. >> in corporates, a tale of two units. hp inc sinks on weak pc sales

while hp enterprise jumps on a solid profit forecast. the ceo of brazil's biggest investment bank is arrested as part of the fraud scandal that engulfed the country. >> hi, everybody. welcome back to worldwide exchange. we have a half an hour to go. a couple of hours to go before the open of the u.s. a long weekend for many of you due to a thanksgiving holiday state side but we're higher in the u.s. with dow jones up by almost 50 points. european markets we recall flat to higher this morning too. xetra dax hanging on to gains by 1.3%. the ftse higher by shy of a percentage point. >> back to geo politics and our

main story. vladimir putin said that turkish authorities purposefully support radical islam in their country. the russian defense ministry says he's sending surface to air missiles near the turkish border. hadley, i was just kind of talking outloud to myself as one does during the recent break. talking about how they could see this, as the russians bombing the turkmen in the northern bit of syria where they have been living since the 11th century. >> well, this is rapidly involved into a blame game with massive implicationimplications. i spoke to a analyst and asked him was this a shot across the

bow. >> turkey defended her borders and asked for ally solidarity and as far as we're concerned she received it with president obama yesterday evening. so russia wouldn't push it militarily but we should expect economic, diplomatic and covert means of retaliation. >> nato coming out and showing they have turkeys back in this but you have to understand when it comes to what's happening, what they know right now is of course they have pulled lavrov from coming to istanbul. they decided to move warships to quote, unquote, protect their planes and they're taking the fight to the islamic state and blaming the turks. they're basically saying they're working in condemn with the islamic state and allowing the oil trucks to maneuver around

the border area and allowing the financial stability of the islamic state to continue and the bigger question is how they're ever going to get on board with the western coalition to take on the islamic state that's going to include turkey. >> hadley, thank you for that. >> now, the brazilian federal police arrested the shareholder following the supreme court. they carried out a search and seizure operation at his home and at the bank's headquaters and are citing sources on that front. now meanwhile, ruling party senator has been arrested on suspicious of obstructing the justice on the scandal as well. >> walmart is reportedly suspected of bribery in brazil following a probe by u.s. prosecutors.

the wall street journal says that the investigation focused on $500,000 in payments believed to have gone to an individual hired to secure government permits that walmart needed to build stores. the justice department and the sec, the fbi, they all travelled to brazil earlier this month to interview witnesses. the journalist say they're examining whether senior executives atwal mart in brazil knew of and approved the payments. walmart flat in german trade. >> the most prominent daily fantasy sports sites will take on the new york attorney general at a state court in manhattan later on today. fan duel and draft kings will be battling it out to continue to operate in the state as the court debates whether daily fantasy constitutes gambling or whether it's a game of skill. the judge's ruling could force both sides to shutdown immediately and stop taking bets in the state of new york. the rest of the country will be watching as the implications in

new york could have a ripple effect across the country. eric fisher is a reporter for the sports business journal. eric, good to have you with us. let me just start on the very basic front assuming that a number of my viewers might not know what fantasy sports means. what are we talking about here? >> this is when you're picking a hypothetical team of players in a given sport, football, basketball, what have you. traditionally it's played over the entire run of a real world season. but over the last five or six years a one day version or one week version of this game has become very popular and that's what draft kings and fan dual does. >> and now they're suspended. the plays are suspended at the moment and we're waiting to see what happens with regards to the court case. >> that's exactly right. we have a hearing on a conjunction and they're trying

to force these two companies to stop doing business in new york. they're trying to get a reverse injunction to allow them to continue to operate in new york while we await the overall merits of whether or not daily fantasy constitutes gambling. >> could this go to a full trial and if it were, who would it benefit more? the attorney general or the sites? >> this will have significant weight on a full trial later on and that's swinging in the balance here. but if they get a favorable ruling today and on to a full trial that will have major influential weight across the rest of the country where this is playing out in a number of other state environments. >> do you think that the case is going to be damaging the sites themselves? i note that new york is, i think the biggest consumer base.

something around 5 to 7% of each of their businesses come from new york. what's going to happen on the back of this to the companies? . they already said this has had detrimental ill pact. not only from a state and government level but a consumer level. a lot of people are watching this case and people are afraid now. should i do this? should i do this? >> are they at all looking at doing what the massachusetts attorney did which was to unveil regulations that it is a tier by tier play and all depends on the various level of skills for the players? >> if the attorney general had taken a approach like massachusetts he wouldn't be

here today but instead he has gone straight for the jugular and said you must shutdown right now. that's a very different appropriate. >> thank you for being with us. now still to come here on worldwide exchange, it's hp's swan song as it reports it's final set of earnings as a loan company and the latest results show the challenges faced by two new spin offs. you're watching worldwide exchange. get involved. get in touch on e-mail worldwide@cnbc.com. you can find us on twitter at louisa. 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. call a t. rowe price retirement specialist or your advisor ...to see how we can help make the most of your

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>> hi, everyone, welcome back. hewlett-packard come meeted it's split this morning. they still have one more order of business before disappearing into history. namely releasing their final earnings report. landon joins us from the cnbc headquaters. >> hewlett-packard reporting it's final earnings report on tuesday. as the physical fourth quarter profit fell less than 1% to 1.32 billion dollars. revenue dropping 9.5%. hp which was founded in 1939

split into two separate firms on november 1st. one focused on pc and printers and the others on commercial tech products. hp inc reported sells both fell 14%. the company also forecasting physical first quarter earnings below analyst estimates and cutting it's profit outlook for 2016. on the conference call the ceo says the pc market will likely remain challenged for several more quarters. the results were better for hp enterprise. sales of high end servers and software were down, but sales rose 5%. it's also adjusting it's forecast for the first quarter. it fell 7% in after hours while hp enterprise was nearly 4%. hp inc is down 6% while enterprise is up 2%. and meg whitman will be on

squawk on the street today in a first on cnbc interview at 9:05 eastern time. back to you. >> good to see you. thank you very much. as we have been talking about uber is estimated to be worth over $50 billion. that's crazy but how does it plan on driving growth through the regulatory and market challenges? well on driverless car, uber global head told us that it's a long way down the road. listen to what he had to say on the impact of technology on the business and possible partnerships in silicon valley. >> i don't have the time. i'm not going to be getting in the car without a driver any time soon. at the end of the day we're a technology company so we'll be part of that innovation. we'll stay on the forefront of

it but today i focus on the service we offer and i can make sure that the platform as uber exists is one where drivers can, you know, earn income either as full time or part time and right now that is stronger than it's ever been. >> and i guess what uber thinks about driverless technology, that platform, how would it evolve? that would change the relationship you have with the actual drivers? >> sure. everything will continue. the evolution is the only guarentee i guess. so things will change overtime. it will -- i don't see it coming very quickly, frankly. i think that regardless of the technological changes that we need to have overtime it will be pretty significant regulatory changes that will come overtime so i have no idea on time line. >> when a lot of the companies i cover, tim, google is openly interested and apple is

reportedly interested. when you think ahead is uber committed to saying we're going to do this along, driverless technology or maybe down the road we'll be open to partnering with a google or apple? >> we're already partnering with people. we did a partnership around our advanced technology center where a lot of the research is being done so at the end of the day we're open to the partnership idea. there will be changes in how this technology works. i'm not the good working on it so i'm not going to speculate on time line but it will be interesting. >> you're just joining us these are our headlines today. russian president putin says that turkish authorities purposefully support radical islam in their country. this has turkey is saying it will do everything it can to prevent escalation following the downing of a russian jet and hewlett-packard falls sharply in after hours as pc sales hit earnings.

welcome back. here in europe we're higher for most of the european equity markets. and most markets now up by one to around 1.5%. the u.s. futures also pointing to a slightly positive start state side. the head of a long thanksgiving weekend for many americans. wall street sending quite a bit higher yesterday being driven up by the higher energy components. you saw oil and brent both jumping yesterday on these unfortunately renewed geopolitical tension. the biggest gain in more than three weeks from yesterday today. just coming off those levels a bit and settling in. giving you a rundown of what to watch today, there's a lot going on and it's packed.

lots of economic data ahead of thanksgivi thanksgiving. look out for the jobless claims. you have new home sales and november consumer sentiment data. deere report results before the opening bell as well. now the u.s. centers for disease control say that at least 19 people in 7 states have been effected with e.coli after eating chicken salad sold at co costco. the cdc hasn't been identified. costco stopped selling the chicken salad last week. last year you might recall the retailer was linked to a salmonella outbreak from contaminated chicken. a bit higher in germany this morning. now millions of bargain hunters are gearing up for black friday later this week as retail giants like nordstroms, walmart, they

lift the lid on their holiday strategy with the proliferation of shopping features including the buy now button. what role will technology be playing in this year's gift giving season? people are so violent over stuff. it's just stuff. it's just things. the research director, we're just looking at violent pictures there of the stores opening their doors. what are we going to be looking at this year? what are some of the big trends to look out for? >> good morning, louisa. so the trends this year i think will be really focused on a couple of different technologies that consumers will be using to be able to have a better shopping experience. that ranges from hopefully having less violent moments bishoping online. quite a bit of expectation of browsing on mobile and doing price checks in store but being able to do a lot of different activities. maybe i'd like to shop for something online and pick it up

in store. some of them are offering that to increase convenience for consumers this holiday shopping season. so we'll see very continued excitement around shopping but a lot more convenience for consumers across a variety of channels. >> always seeing a switch where there's less consumers that engage in the acts we're looking at and more people choosing to shop from home or are we still -- are they still able to get consumers to come into the stores? >> that's a great question. i think what we'll see is that there will still be a number of what we call door busters in north america where people are offering exclusive options in store on black friday but more and more consumers are expecting options to be consistent whether it's online or in store. so retailers are finding they're needing to offer discounts in both places and as a consumer i don't have to go on black friday and stress out. you may have seen retailers suggesting they won't be open on thanksgiving and may not be open

on black friday so there's definitely opportunities for consumers to have a better shopping experience without feeling like they have to rush the stores. >> i always think of privacy as a thing of the past and especially when it comes to your data or habits, if you ever go online, people can trace whatever it is that you have been hookilooking at. but do brands have enough information about our shopping habits or are they trying to figure out how to use that day to to figure out how to benefit them the best. >> brands are making great strides. it's something that we cover. we have the hype cycle and particularly for personalization which is one of the areas where we use people's individual data or broader aggregate data to be able to target them with great offers. to be able to offer personalized experiences whether they're shopping online or in stores. the data infrastructure is what has been built out of the last couple of years and we're seeing

about 20 to 50% of our clients are are in the process of implementing a form of personalization. very few of them are as sophisticated as an amazon or netflix where you're able to deliver at the moment recommendations but many are making great strides and our expectations is that in 2016 we'll see them taking off and doing a phenomenal job using that at a at a and taking something that may seem like a privacy question and turning it into an equation of value for consumers. >> how about social media in general? how is that being incorporated into shopping? >> it's an exciting time for social media. i'm pretty excited about that right now. this year we saw basically an increase in social networks offering either new or more robust features for social commerce. whether that is the buy button on facebook or the like to buy button on instagram. pinterest also offered capabilities as well. we see a lot of different social

networks offering the ability to buy so consumers can go beyond looking and browsing but transact inside the comfort of their social networks and that's exciting because we know mobile device use is on the rise and people's screen time is limited to five or six popular. many of them are the most popular social media apps where they're spending time with friends and family. so the ability to allow them to transact inside the application is exciting. that's capability has been around since 209 but it hasn't taken off and i think you're in a place where consumer comfort is there and the capabilities are a lot more robust this year. >> thank you very much. research director at gartner. guess what? the euro has just gone through 106. how fantastically excite as good that? for all of you parity hopers out there.

105.92. that's it for today's show. squawk box is up next. we'll see you tomorrow morning, same time, same place.

>> planes, trains, and automobiles. nearly 50 million americans are expected to travel at least 50 miles from home today making this one of the busiest getaway days of the year and security will be tighter than normal amid these global fears of terrorism. in addition to geopolitical issues wall street will be hit with a flood of great holiday economic data. it's wednesday, november 25th,

2015 and squawk box begins right now. >> live from new york where business never sleeps, this is squawk box. good morning, everyone. in addition to higher security on roads. lake tahoe is under a cold front warning. it continues to make its way into the nevada mountains. heavy snow creating nearly white out conditions it will make for a long commute for people starting to make it home for the