>> president obama fails to hold a news conference as they take the lead on the first day of talks. >> morgan stanley feeling more pain on wall street. reportedly preparing to slash a quarter of mixed income jobs amid a recent slump in bond

activity. >> third time lucky. november auto sales set to top 18 million vehicles nor three months in a row for the first time on record lead by trucks and suvs. >> the top two mattress dealers create a king sized firm across 48 states. find out how $250,000 could buy you this ghost town in south dakota. and to infinity and beyond. we're live from a launch pad to find out how one satellite hopes to make a scientific break through.

on this tuesday we are priced above fair value. we're looking for a higher open. s&p 500 look at gains of 8 points. dow jones industrials. we're advancing maybe 76 points in the nasdaq. pricing in gains of 18 points and what a month it was. let's check in on november for the dow first off and we'll take it. it was a mere gain of a third of 1% but that makes two in a row. same thing for the s&p 500 as well in the month of november as we head into december where it looks like there's a 72% probability, yes, of the first interest rate hike for the federal vefreserve in close to years. let's check in on the tech heavy nasdaq which outperformed this year. up 1% in that period wilf and all eyes on what the world's big central bank is going to do this morning. >> really interesting the shape of the chart in those november trades are are all the same. down the first half, up in the second half and that changed in term of performance in the

middle of the month. it's because the fed was hawkish and markets took a little bit of confidence in the fact that the fed itself was thinking the economy was strong enough for a raise. that lead to markets bouncing back. let's do have a look at european markets as well which, ftse 100 there. >> the ftse mib not going anywhere. we had positive news because we had euro zone pmi's climbing to hair highest in close to 19 months or something like that. there's bait of a come back. >> ecb pmis were in line. some that were better and some slightly worse but overall not doing too bad as you said. goldman sack's top economist believes the fed will take a slower approach in raising rates. he expects a hike once a quarter next year as not to upset major

asset markets such as housing. >> i don't think there's a commitment there to do anything other than the right thing given the economy. going half as quickly as in past cycles to me that seems gradual. >> he expects domestic demand and consumer spending will be the main drivers of the u.s. economy in 2016. he also expects easing from the ecb this week and further divergence between u.s. rates and the eu economy in coming weeks. >> 150 global leaders reached a key deal. a $1 trillion plan to make solar energy more affordable in developing nations. 20 kruns including the u.s., china and india vowed to double

their spending toward renewable spending. >> also norway, germany and the u.s. say they'll also commit about $5 billion over the next five years. that's half a decade to try to help reduce deforestation. to while they unveiled a plan to cut green house gas emissions and more than 30 countries lead by sweden, new zealand, they called for an end to fossil fuel subsidies so they're trying to take this seriously, aren't they? >> world leaders vowed to take action on climate change in paris with u.s. president obama and xi jinping taking the lead on the first day of talks. let's head back out to steve in paris.

>> it's bottom up because i say that because he quite correctly said we haven't seen a big announcement yet and i'm not sure you're going to see one big announcement because you'll continue to see it and you'll get a lot of smaller announcements. that's coming in here because the plans for each country rely on a lot of micro investments and of course they do need to be made. ones including the regulations. ones including in terms of financing for developing nations and how the financing is going to work more broadly as well. we have been speaking to people about the money including the eib which is european investment bank which is the eu's bank. it's the bank of the taxpayers in europe as well. i have been asking them about the finances and contradictions

as well. >> how much of a difference does it make that they're attending the conference at the start of the conference as opposed to the last day of the conference which is what happened at the copenhagen meeting? >> they learned their lesson. they're waiting for a big announcement and there wasn't one. so they have a lot of good will at the start. that is compounded by the horrific events a couple of weeks ago in paris as well. a lot of people have been very deliberate in their actions and thinking this is another reason why we really need to show unity and work together with the french and work together with hollande to get a deal.

it's significant to xi jinping was on board. the chinese were the two greatest emitters on this planet. >> we had a guest before the break, stephanie meyer, head of responsible investments and we all know it already. this is a market failure that needs government support in order to continue. so so much rests on what can happen at cop-21. do you think investors can sit back, whatever the agreements here and think in the long-term it's worth going long? because even a year down the line or two years down the line they start to evaporate in a country faces economic hardship or whatever they start to look away from agreement likes this they made in the past. >> they're not true. it's not a complete market failure. every time you put in triple

glazing or use an energy efficient light bulb. so it's not true to say that green energy policies are a market failure. there's many examples of there being real market successes. it's also true that there are a lot of failures out there. i would agree entirely if there was a more pragmatic statements. there's a lot of technologies that won't work on a larger scale as well but to say they're a complete and utter market failure, that's not true. look at the price of solar panels where it doesn't need the same support it had where countries are using perhaps 5, 10, 15, some cases 20% are going to solar. it was that bad. it wouldn't be a complete and utter market failure if people are using 20%. i disagree that it's a market failure and it does need the right regulatory regime and the right confidence from investors. the regime isn't going to change overnight. >> we probably agree there's a middle ground in terms of the severity of the statements on

either side that we made but bottom line is if this is all free market economics we wouldn't need cop-21 to enforce it. >> quite possibly you're right but let's face it. there's a lot going on and cop hasn't even come to its big grand standing announcement. look at the hundreds of billions of dollars being already put into cleaner carbon, for instance. into various ideas of getting the oil and the gas out of the ground -- for instance, coal. prices are through the floor and gas obviously under a will the of pressure but the transition to gas is happening regardless of what happened here in cop. people are switching their power stations to gas to nuclear and dropping coal left right and center. so surely that's market positive rather than market failure this time around. >> fair enough. great stuff as of ever. thank you very much. >> also on cnbc.com find out how some of the largest corporate

sponsors are being brandalized on the streets of paris. >> let's give you a run down of what to watch for on this tuesday, trading day in the u.s. the manufacturing index due out at 10:00 a.m. eastern time. factory activity picking up last month. more evidence. maybe the sector is recovering after being weighed down by the strong u.s. dollar and also the downturn in energy prices. october construction spending coming your way at 10:00 a.m. and then he vances and fed governor brainard. that's fed speak you're getting later on. we'll take a bit of a breather here. worldwide exchange, still to come on the program, 8 years since the global financial crisis and big banks are still getting their houses in order. morgan stanley employees could be the latest on the firing line. more after this short break.

>> let's talk about the job cuts. reportedly planning to cut it's fixed income. cuts will be across the board and the reports say that london might bear a bigger brunt than that of new york. morgan stanley reported a 42% drop in fixed income and commodities trading revenue. morgan stanley shares rally some 1.5% during the u.s. session and looks like similar gain there is in germany. i should point out that they have already cut when it comes to fixed income. >> and saying in a note this year that the fixed income arm of morgan stanley should only see return on equity of 5%. that's not enough so some job cuts may be warranted. here in the u.s.rbs and standarded chartered are bottom of the class after meeting goals in the u.s. stress test. they have taken steps to lose capital ratios.

>> meanwhile t bank of england following stricter rules in the aftermath of the financial crisis. governor mark carney said the banks are significantly more resilient. >> china's official manufacturing pmi hit 49.6 in november pointing to a decline in factory activity. that's below analyst forecasts. let's get out to sri to see what that means for asia trade today. sri, over to you. >> yeah, i would say both of the data sets that we saw today. both from the private forecasters and from the official figure were consistent with deflation nary drag. still very stubborn in the chinese economy and i will say that it probably warrants a bolder policy response by the pboc and they have the ammunition anyway. in term of the market response, shanghai composite and greater

china markets broadly shrugging off disappointing factory activity numbers and rallying. rally mode is broad across the asian markets and they are reflecting those ecb easing expectations. so a lot riding on what mario draghi is going to say. how dovish he is going to sound in terms of his tone and the actions but i can't help but feel that this reaction is some what overcooked because yes even if we do see aggressive easing by the ecb on thursday is that cheaper liquidity really going to come out here and benefit asia? i would argue no. i would say it's going to remain within europe and be deployed within europe. are we going to see profit taking in the days to come after the event? after the ecb? i would say so. anyway, a rally, risk on, today is how we end the day out here in asia this tuesday. back to you now in london. >> sri, thank you.

staying in the region, indonesian investigators pointed to a string of factors in the air asia crash last zes. they say a faulty rutter and the way the crew handled the situation were part of the crash. they added the maintenance system needed to improve and suggested measures that should be implemented. shares are down nearly 50% so far this year. >> still to come on worldwide exchange, forget speed bumps. the auto sectors driving into the fast line. find out why analysts are forecasting another reved up month for sales above 18 million. that's comes your way next.

hi watson. annabelle, your birthday is tomorrow. 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.

welcome back. ford plans to spend $1.3 million and adds 2,000 jobs in kentucky. the move comes as the auto maker changes over to a heavier duty version of its pick up truck. the most profitable vehicle line. it's also the first major expansion of the work force since ford signed a new contract with the uaw last month. for its kentucky plant has built 325,000 picks up this year. up more than 1% from 2014. quick check of shares in german trading. >> reporting a november u.s.

sales it's this third straight month. which will be the first time its ever happened. >> time travel, super novas, black holes, sounds pretty interstellar, doesn't it? that's what we're going to do. an experimental satellite will test ways to detect ripples in space and time. paving the way for a break through in sciences understanding of the universe. the european built lisa, the pathfinder is set to launch wednesday from the launch site. it will last six months and cost more than $400 million and just a special treat for you, we are going, yes, live. the project scientist at the european space agency joins us today. thank you so much for making time for us. i mean, this is quite exotic for

us to head to a place that we don't often go to. why don't you tell me about this project if you can, in very simple terms. >> so it's the first step in opening this whole new window to the universe. so gravitational waves were predicted by einstein about 100 years ago and we're taking the first steps with our satellite pathfinder. >> how do you find them? how do you notice the gravitational waves and how does this change our understanding of the universe? >> so it's the first step but following lisa pathfinder we'll build a large telescope called lisa, or a mission similar to this architecture and we look for small changes between satellites and where the gravitational waves are

somewhere in the universe passes by the satellite we can pick up the minute changes and that allows us to observe what's happening somewhere else in the universe. >> in terms of our development of knowledge of space over the last few decades how big of a step could the understanding of gravitational wave bs in terms of man's understanding of the universe? >> there will be a ground breaking enterprise we know that over 4% of the universe is slight and 4% we don't see all the light coming from that. so most of the universe is dark. however we do believe it will interact with gravity. so by observing gravitational wave we may start to experience this other part of the universe which we cannot see. it's revolutionary science.

that's why we're all sitting here. >> sorry to jump in here but paul is there any application, any impact on our day-to-day lives or are these findings, if you make them, are they really going to be confined to what you know about space? >> so gravitational waves are real science. we're trying to understand the universe around us. >> and doctor, we're talking about distortion in space time continuing, maybe the fabric of space itself. did you ever watch interstellar? >> yes. i did. >> what did you think? do you think that's kind of what you're doing. >> it's similar. it's slightly different as far

as time travel but we should see the person that wrote the original story for interstellar is also one of the founders of gravitational waves. so we were happy with it came out. >> i knew there was a connection. i want to wish you luck. thank you for taking time for us. >> thank you. >> let's take it back to the markets. away from space. next picture for european markets this morning, up by a third of 1% and part of the banks are higher on the back of the stress test results. the xetra dax with a little bit of pressure off. >> almost like we're drifting lower in the european session. let's see how this might impact the wall street open since we're still above fair value. we're coming up two straight months of gains. we're all for major benchmarks heading into december where it

looks likely from a 2% probability that the fed will be liking interest rates for the first time in close to 10 years so we're up six point with the s&p 500 above fair value. the dow jones industrial priced 65 points higher and nasdaq looking at gains of 15 points or so. we'll head into a commercial break here but when we come back we'll get under the covers of another big m&a deal in a mattress space. how comfortable were these for investors? we'll be finding out, next. 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. call a t. rowe price retirement specialist or your advisor ...to see how we can help make the most of your retirement savings.

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u. s. uses in the green team lead by the small caps. >> third time lucky. november auto sales are set to top 18 million vehicles for two months in a row for the first time on record. lead higher by trucks and suvs. >> more bad news for wall street. morgan stanley reportedly preparing to slash a quarter of mixed income jobs amid the recent slump in bond activity. >> putting a deal to bed. the top two mattress retailers join forces to create a king

sized firm across 48 states. >> thank you for sharing your time with us today. let's check in on how markets are fairing ahead of the market open on this tuesday. u.s. futures pricing in an advance higher above fair value at this point coming off two straight months of gains for all three major benchmarks. the s&p 500 called up by six points. we got the dow jones industrials. pricing in gains of 61 points and the nasdaq should be up some 14 points or so. the european side drifting into session lows at this point. the ftse mib, we're higher than this. also seeing declines and the out performance coming from the ftse 100 but we had pmi gauges from

the euro zone hitting multimonth highs this morning. >> united health expects to small slightly below estimates. they said it would cut into profit. it suffered huge losses on health plans sold on obamacare exchanges and would consider with drawing from them next year. >> also express scripts is backing access to a cheaper version of the anti-infection drug daraprim. they hiked the price of the pill by more than 5,000% in september. express is now teaming up with a drug compounder to provide a $1 alternative to daraprim which costs $750 a piece.

they will combine the active ingredient with another cheaper drug. >> now this deal could help investors get a good night's sleep. mattress firm is buying sleepy's. it gives mattress firm more than 1,000 additional stores in 17 states and expands it's presence in the northeast. it's also the 11th deal the company made in the last three years. mattress firm reporting better than expected third quarter sales. >> speaking of m&a, the u.s. senate judiciary committee will be holding a hearing on the $106 billion bid. and they'll hear from ab inbev's ceo. sab agreed to sell it's stake in the joint venture to help win regulatory approval in the u.s. the combined company will still control a third of the world's

beer dwarfing rivals like heineken and there's a lot of concern in the u.s. market hence their stake. let's talk about parental leave. this is a hot topic in the u.s. credit suisse announcing it's u.s. employees would be eligible for 20 weeks of paid parental leave. trumping other wall street giants. now the policy will cover the banks 8500 u.s. employees only. it's only effective in the united states and it's applicable to primary caregivers of children whether it's male or female. it doesn't depend on gender. now credit suisse's decision comes as amazon, netflix, of course introducing improved benefits for its employees in an effort to reign in top talent. even the busiest ceos are setting aside time for their

children. mark zuckerberg will be taking two months parental leave and writing when parents spend time with their newborns outcomes are better for families. facebook also by the way offers it's employees four months of paid parental leave. not just for u.s. employees. this was taken up globally. that was announced this week but it's something other companies were trying to do as well. google upped it from 18 weeks to 12 weeks in 2007 so they took the lead on this initiative. and also what i found interesting when it comes to benefits, kkr instead of giving more parental leave, they're allowing their employees to bring their infants and nanis. >> it's going to take a while to change the culture. even if it's offered i don't know how highly they will take it because people in the u.s.

particularly won't take all of their holiday allowance. >> the hiring market is a lot more competitive. many of the people that would have traditionally gone into finance they're now going into the tech space. if you're getting a better deal and thinking about the kids down the line and getting a much better deal with some of the big tech companies why not go there and their basic pay is also better because we know that bonuses are coming down. apparently they'll also begin paying for nannys to accompany business travellers. that's a lot of spending to be able to retain the key talent. >> uber hired the goldman sachs executives. maybe if they had beaten them to

the punch it might have made a difference. >> it's heier than that in the u.s. >> it's the change in the u.s. >> just in the u.s. >> i believe gs -- this might be a global initiative for them but credit suisse, i'm not sure if it's just in the u.s. right now but that's pretty generous. >> all right. let's talk about digging some coins out of your couch cushions because you should and you could soon be the owner of your own town a six acre town in south south dakota. on the market for only a quarter of a million dollars. $250,000. that's a little more than the cost of the average u.s. home. the town is abandoned. possibly haunted they say. >> it's not really a town.

6 acres. >> you don't think that's enough real estate. >> it's not really a town is it. 6 acres for a quarter of a million is seriously expensive, isn't it? >> what do you get for 250 grand here in england. >> not in prime central london. >> thank you. >> you have to figure out what the business opportunities are there. can you afford to make a living in that town if you can't, well then it might still be expensive. >> if you own it surely there's nothing to do in the town. >> you can at least set it out as a movie set. >> that's pretty good. >> >> we're going to take a break here. >> we are, indeed. coming up it's been a tough year for him. the reasons why it might just have become tougher. we're back in a couple of minutes.

>> reports show his hedge funds suffering another big loss. let's get the details. landon has them from cnbc hq. >> green light capitol is on course for the first losing year since the financial crisis when many fund managers were in the red. it fell 5% in november and is now down more than 20% for the

year. in comparison the s&p 500 is up about 1% through november. the loss all but ensures that 2015 will be a negative year for green light and only the second time he posted an annual loss since launching his firm in 1996. the other being 2008. for nearly two decades he delivered annual returns of about 20%. green light was pulled down last month in large part to its bet on sunedison. that came amid concerns about it's business. it reported a much bigger than expected quarterly loss and he cut his holdings by 25% during the quarter but still had 18 million shares as of the end of september. he's also been hurt by the memory chip maker and the stock was down nearly 4% last month. they have a very large position in apple which represents a large percentage of his u.s. stock portfolio but apple was

also down about 1%. he also has big decisions into other stocks that fell sharply in november. time warning was after cutting it's outlook to a drop in cable tv subscribers. real estate developer fell 28% last month amid concerns of higher interest rates from the fed. the losses look a little out of place this year as many hedge fund managers paired losses after being caught off guard by china's slowing growth and fears over when the fed will hike rates. the average fund is down about 2.3% this year. susan, back to you. >> thank you so much. landon dowdy. let's get you caught up on the nfl. it was supposed to be a game on monday night football. a battle for the basement of the afc north but turned into quite an exciting finish on monday night football. baltimore defensive lineman blocking a game winning field goal attempt and returned at 64

yards. the clock hit zero to give the ravens a 33-27 win over the cleveland browns. raven's quarterback matt shaw passing for two touchdowns in his first start for baltimore but was also intercepted with less than a minute to go in the game. >> u.s. president obama set to meet the oecb after promising action on climate change in paris. morgan stanley looking to cut around a quarter of its fixed income jobs and auto sales to top 18 million for the third straight month for the first time on record.

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the most common side effects are mild to moderate nausea and vomiting. call your doctor right away. don't lose another moment to the flu. when there's flu, tamiflu. welcome back. let's have a look in on european trade. we're in the green for the ftse 100 which is a reversal of

yesterday's trade. an evening out, if you like. france off .5% and the ftse with .4% of gains. >> gains being priced in for the wall street open today. above fair value. called higher by 5 points. drifting lower from expectations dow jones industrial still pricing in gains of 67 points or so and the nasdaq we're looking at an advance of 15.5. let's give you a rundown of what to watch for on this tuesday. the manufacturing index is coming your way at 10:00 a.m. eastern time. factory activity picking up next month. maybe the sector is recovering after being weighed down by the strong u.s. dollar and downturn in energy pricing and then we have fed speakers talking later on today. >> ford plans to add

$1.3 billion and add 2,000 jobs at its plant in kentucky. the move comes after the auto maker changes over to a heavier duty version of its f-series pick up truck. it's also the first major expansion of the work force since ford signed a new contract with uaw last month. ford's kentucky plant built 325,000 pick ups this year at more than 1% from 2014. quick check in german trade up by 1.3%. >> auto makers reporting their november u.s. sales today. sales are forecast to top 18 million for the third straight month which will be the first time that ever happened sales were likely boosted last month as well as lower u.s. gas prices which are averaging near or below $2 a gallon. >> yeah. so it looks like three straight months of 18 million. phil lebeau is joining us early

on the line. who is out performing. >> the big three are benefitting the most from search and sales right now. primarily because the growth is with pick up trucks, suvs, cross overs and that's really in the wheel house for the big three and the demand has been so great there they're able to increase their sales now and we'll see not only exceptionally strong sales but profitable sales. that's the key here. a lot of people are focussing on the wrong number. they need to be focussing on the fact that these are the most profitable vehicles selling now particularly for the big three. they're already in the midst of the most profitable year ever in north america and that's going to continue in the fourth quarter thanks to the strength of sales in november. >> three months in a row of over

18 million. that will be the first time it happens. it all seems a little bit too good to be true for me. how long can this last for the auto makers? >> we're looking at auto sales that will stay through the end of next year. it may edge higher. not much higher but a little bit higher in 2016. as long as interest rates remain as low as they are, the financing remains as cheap as it is for people for buying a new automobile, they're able to stretch these payments out further and keep a low monthly payment in their budge and as a result they're still, you know, most vehicles in the u.s. are more than 10 years old. there's a lot of demand that's still out there. >> phil, thank you for getting up early with us. phil joining us on the phone. >> let's talk more about the record year in auto sales in the u.s. joining us from new york, collin, so we just heard from

phil lebeau that says maybe domestic players have an edge when it comes to the yearly sales clip. >> i agree. it's looking good and it's really truck driven. it's helping support those sales and that should be positive as we go forward to both fair market share and overall profitability. >> but it's also boosted up 6% and earlier than december. the traditional time when they start pricing down these cars. >> we look at overall atps and they have been up so we're looking at a very strong overall pricing environment. so things are very good from the overall industry perspective. >> two things could slow auto

sales. first of all hiking costs when the first rate hike comes across and a rise in oil prices. do you think either of the two factors are a big threat to the auto makers? >> absolutely not. concern is not good news but we look back historically since 1980 and the five period of rising interest rates auto sales rose and the economy is improving in that period. we have a strong economy because interest rates tend to rise. auto sales would rise along with it. in terms of the gas prices there's not a good correlation with gas prices but you won't be selling the more profitable trucks as much. >> so phil pointed out the blowout record year when it comes to sales is the higher margin vehicles like the bigger

cars. what happens when pump prices go up? >> it will be a modest head wind. it will be a little bit of a tail wind. at some point it will probably correct. and it takes awhile for the customer to adjust so unless it's a very sudden spike, usually it evolves over a longer term, six to nine month period. >> collin can i get a view as well on the foreign auto sales in particular. are we likely to see a reaction even though it's in the short-term still from the german auto makers to the volkswagen scandal? >> i don't think vw. we do have a buy on the stock. i would expect some continued modest head winds from the scandal impact and probably also some pricing head winds as well. now long-term we look at it is

its probably not material impact. >> thank you very much. we have to leave it there. much appreciated. >> now the major u.s. averages turned in their second straight positive month for the first time since may. meanwhile the dollar index posted the third straight positive month. the best winning streak since january. joining us now on the phone is the head global equities and director of global equities research. i spoke to a guest on the show that said we've already seen a rally just this year. it came a lot earlier. do you subscribe to that view? >> well, a little bit. when we hosted an industrial conference a couple of weeks ago and it gives a very good view into the global economy and we have seen some mixed trends. some of the economy looks good out there. other exposes the energy and commodity end market globally and it's a mixed picture and the overall market is responding to that. >> you say in your notes that

oil will reach it's supply demand equilibrium by next year. what gives you confidence you can make that call? >> this conference hosts people from across the globe and many of them have oil, industrial and market exposure. i would say the idea of the stabilization supply and demand is the hope and that is coming from the teams looking at the end market but that will be a key point here. >> nothing drives markets like that. >> the fed will hike this month or next month. >> it looks like it and the markets are reflecting that as well. >> how do you want to be positioned in terms of sectors? is it that you want to be long financials or short utilities in the rising rate environment? >> well, we come back to the

core economic side and say there are pretty compelling growth stories out there despite the industrial recession marks that we have. things that surround the consumer tend to be most compelling. look at the global automotive market. the building products, the packaging and the coating side. commercial and residential construction here in the u.s. also have compelling trends so those have all been attractive ways the stocks have been working. we would expect those to continue to see progress here over the next several quarters. >> great stuff. thank you so much for joining us. much appreciated head of global equities and director of equity research. that's all we have time for today on worldwide exchange. thank you for watching. >> u.s. squawk box coming your way next. it's easy to buy insurance and forget about it.

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good morning, the call of the consumer. retailers ringing up early numbers on the much hyped cyber monday. plus new this morning the nation's auto makers will report their monthly sales and expectations are as high as ever. cnbc exclusive, they sound off on what they expect to hear later this week. plus why the cartel could be stuck in a vicious cycle and remember this guy? i do a little bit, maybe kind of. internet sensation psy made his

name with gangnum style. now he's back with a new album and video and it's already going viral. it's tuesday, december 1st, 2015. this is a safe place for any of you millennials. and squawk box begins right now. ♪ >> live from new york where business never sleeps, this is squawk box. >> good morning welcome to squawk box. becky is off today. our guest host this morning is the chief equity strategist and we should say that november is in the books. here's how things stand at the moment. s&p, dow and nasdaq with the second consecutive positive months for the first time since may. the nasdaq is up nearly 8%