. welcome, you're watching worldwide exchange. >> hi, everybody. these are your headlines from around the world. >> the federal reserves janet yellen set to call the shots stateside as she prepares to speak in washington while european stocks trade higher on ecb optimism. >> shares spiking after a report that the board could spin off amid growing pressure about the ceo's lack of turnaround progress. >> the gift of birth is worth $45 billion to mark zuckerberg that pledges to donate 99% of

his facebook share holding to charity to mark the arrival of his daughter. >> vw declines to comment suggesting it reached an agreement to 13 banks to provide a bridge loan after suffering an s&p downgrade. >> hi, everybody, welcome back. yes, you are watching worldwide exchange. let me talk to you about the euro zone inflation. consumer pricing growing at a mere 0.1% in the month of november. that's according to the euro stats so inflation still very, very low. that of course being one of the issues that the ecb is dealing with. it came in a little bit shy of

expectations. we're looking at a euro dollar a bit. that's pushed quite substantially in the last couple of sessions and just to mention as well, the yield reversing a slightly early rise that we were seeing after this week and anticipated euro zone inflation print. >> evi want to show you what u. futures look like early on this morning. we're a couple of hours away but we're looking at green across the charts. s&p 500 seen higher by 2.4 points or 0.1% and the same for the nasdaq 100. this was after yesterday. we saw a rally across the board. all sectors higher with health care leading the gains. why? no specific reason and shrugging off the fact that we have a very poor manufacturing print for the

first time since 2012 this print was in contraction territory. the nasdaq 100 saw a gain of 1.1% and it closed just three points from its all time closing high. european markets are slightly mixed to higher today. and seems like they gained steam since we got that cpi number out of the euro zone which is greater than expected. that seems to be cementing that view. the cac 40 up by a quarter of 1%. the ftse 100 seeing stronger gains of half of 1%. >> thank you. still looking at the inflation data. the fed governor says that the central bank should go slow on raising rates. speaking at stanford university she says there might be limits to the fed's ability to tighten monetary policy when other global central banks are loose. fed chair janet yellen takes center stage at the next two

days though she is not expected to give away much about the fed's plans at the meeting this month. yellen speaks to the economic club of washington this afternoon before she testified to the joint economic committee on capitol hill on thursday. ted peters joins us. chairman and chief executive of blue stones financial institutions fund. also he served on the board of the federal reserve bank of philadelphia from '09 through to 2014. good to see you. so if you were still serving on the board, what would you want to see happen now? what do you think the fed should be doing? >> well, i think the fed has been late in raising rates. we've had increased fatigue over the last six months where everybody is ready to go up and keep postponing it. they're very data driven as you know. i'm almost 100% positive. rates will go up in december and i would look for probably at least three rate increases if not four rate increases or

whatever. the fed wants to get the funds rate up to 350 which would be a normal area for it to be in. >> is that so important? why is that so important? why do we need to be around 350? we have just come out of a severe financial crisis which some argue we might not be out of yet. there's still a risk of recession. we're still seeing a weakness when looking at the global growth story. why is it so important to target that 3.5% level for example? >> well, first of all, i disagree. we have come out of the recession very nicely. it's been a very slow recovery. normally you hockey stick up a little bit. in this case it's very steady. if you look at all of the financial data it's very steady and always improving. one or two things housing starts

and they look for manufacturing activity or so forth but for instance this month there's going to be in november i think there were 30 to 40 economic indicators coming out. in the month of december there's 40 coming out. you have to look at the whole picture and see where we're going. the economy is in goo shape and employment figures are very, very good. unemployment is down around 5% right now. job creation was very, very strong in october. >> sure. >> 277,000 jobs. it's predicted to be well over in november as well. so things are really a lot better than maybe people think. >> are they really, ted? are they really? because if you take a look at the ism manufacturing print yesterday that was the weakest print since 2009. the last time the ism manufacturing print was at this level, ben bernanke opened the

qe taps further. should there be a rethink as to whether we move ahead with the first rate hike in december? >> absolutely not. that's one figure. a lot of the other figures are much more positive. i think the fed in general has a lot of pressure to raise rates for a couple of different reasons. one they have been artificially low. the fed is what we call a misallocation of resources. that's money chasing yield. you're seeing it in the high yield bond market where you see bonds that used to yield 12 or 13%. now yielding 6, 7, 8%. you're getting people involved in deals where it doesn't make a lot of sense. we have to get back to normalcy in a rate environment and maybe i'm too optimistic but i think the economy is doing fine and coming back well and the unemployment number is probably janet yellen's major, major target of what she looks at and those numbers are very, very

good. they're very strong. >> you have to wonder why the ten year treasury note yield is only 10.16% if the economy is doing well. we'll have to leave it here. chairman and chief executive officer. thank you so much for your time. meantime, u.s. secretary of state john kerry is holding a press conference at the in a to foreign ministers meeting in brussels. moving on, nato has formally invited them to join the ranks in the alliances first expansion since 2009. meanwhile reuters is reporting that the head of the russian federation council defense and safety committee said russia will join project with them if the country decides to join nato citing the news agency. >> yahoo!'s board is meeting today through to friday to consider whether or not to sell the company's core but struggling internet business. they're also expected to discuss move ago head with the alibaba spin off despite a plea by activist investor starboard

value to scrap that plan. analysts said in the past that the internet business could attract private equity firms and media and telecom companies or a company like soft bank. the meeting comes as pressure mounts over the lack of progress in marissa myer's turn around plan. yahoo! shares rising by 7% and after hours trade in germany as well. >> if yahoo! does go ahead with the spin off in alibaba the commerce giant could decide to buy it back but that transaction would likely carry a big tax on yahoo!'s gains from the alibaba shares. the company would a viceba vice only buy back shares. they rose 1% in after hours tradinand german trade up 1.5%. what's fascinating is how the market values yahoo! right now. that 50% stake in alibaba is worth almost $30 billion. now they also have the

$8.5 billion stake in yahoo! japan. that means if you take a look at the value of the core internet business, it's worth nothing. or, in fact, a negative value. that's what the market is applying to the valuation. if there's a buyer that wants to buy parts of the asian business they have to deal with the tax implications. there's no clarity whatsoever on whether a spin off would incur major tax costs or not. >> then the issue is do you continue to reinvent yourself or continue to reinvent yourself pushing mobile, video, social media, things like that despite the fact that they haven't had the increase in revenues or do they try to sell off the business like you're saying and maybe another company might be able to create value out of the structures that are created from within yahoo! >> absolutely. >> let us know what you think. either at caroliyn cnbc or

worldwide@cnbc.com. >> how many shows? 12,000 shows a day? you can also find out more about why investors and shareholders could be getting wary over yahoo!. head to our website cnbc.com or on e-mail worldwide@cnbc.com. >> vw has declined to comment on a report suggesting it has reached an agreement totaling over 20 billion euros. reuters said 13 banks would offer the struggling car maker a total of 29 billion euros over the next few days. now this after s&p cut the credit rating again. they downgrade vw to bbb plus due to weaker sales prospects and costs in the wake of the scandal. >> anticipation of the fed rate hike runs high and the ecb could be getting ready to unleash qe 2. that exclusive interview coming

up in a couple of minutes here on worldwide exchange.

>> hi, everybody, welcome back. if you're just joining us u.s. futures point higher as janet yellen is ready to speak in washington. dell is selling assets and the

facebook ceo mark zuckerberg pledges to donate 99% of his company's stock while announcing the birth, congratulations, of his first child. >> speaking in an exclusive interview with cnbct spanish economy minister says he has faith in the central bank. let's get back out to julia in madrid. >> thank you so much. you're absolutely right. he has faith in the central bank but what i asked him was ultimately is he concerned that there's too much expectation baked into the cake here for mario draghi? listen to what he had to say. >> i think that it's a position that has to be taken by the ecb but i think that, you know, they have been -- they have increased with respect to t you know, to the targets. and to their willingness and and

for sure, monetary policy because i think they are doing a very good job and they know perfectly what kind of instruments they have to use. >> do you worry that expectations are too high though? even now? if we look at equity markets and bond markets there's a lot of expectation of further stimulus baked into the cake. does that concern you? >> not at all because i think that i am totally sure that the ecb is right in the approach. and, you know, they will do whatever it takes in order to raise the inflation differential rate. inflation rate expectations in europe are very low. especially if you look at the expectations over the next six months, 12 months and i think that well, the ecb has taken some extraordinary measures and that the qe program is an open

ended program so i'm sure that they will take the current positions. >> and a weaker euro i guess, always welcome. >> always welcome but this is not the main reason why the spanish economy for instance is competitive. always a helping hand but the real reason of the competitiveness is the costs. and this is the main source of competitiveness now. we were able to have a surplus and the exchange rate of the euro was 140. now with 1.05, now we are more competitive because of the depreciation of the nominal exchange rate but evaluation in the case of the spanish economy has worked and has delivered a competitive push to the spanish

economy and to the industries. >> with the help of ecb policy, spain is expected to post the strongest growth of the big four euro zone countries. we're talking more than 3% this year. the key question we have been asking all morning is does this growth ultimately help prime minister rewin this election that takes place in three weeks time? well he has plenty of challenges facing off. i'm pleased to say i'm joined by a member of the socialist party. one of those challenges. the secretary for economic policy. thank you for joining us this morning. first off, what's your message to international investors should you win the election in three weeks time? >> well, you see, they should be quite confident if we win. we are not a new party, you see? we have a long record. we have governed this country for 80% of the democratic par period. the restoration of democracy

happened and the party. we have a totally pro-business party. we welcome investors that want to come here and create jobs and wealth. we will restore the security and give them facilities to come and invest. they can be confident that we'll welcome them. >> you precided over the good times but also over the bad times as well. think about when the people's party took over the economy was in a dire state. how do you convince investors that we're not going to go back to that? that you're not going to unwind the reforms put in place in this country. >> they have to govern this country we had to take difficult decision and yes we made some mistakes and we made for that but we have learned our mistakesment we have renewed completely the party. we have a new agenda and we'll

make it more inclusive. more robust through many measures that will reduce the inequality that we have seen. >> inequality a huge problem. youth unemployment above 50%. tell me what you would change and do differently about the jobs market. how would you improve that from here? >> we are seeing that macro economic figures are good and most of the jobs that are being created are very precarious. they have come down substantially and we're seeing the energy poverty. so at least we'll change three or four things. first, human capital. we have 2.9 million people that have been more than one year out of the market and we need to train them, to reskill them.

second we will force and we're growing based again on low value services on construction. we have to force them to help our companies grow and thirdly energy transition. this week is the paris climate change and in spain one of the biggest renewable energy companies is in a huge difficulty because of government decisions against renewable energies. we need an energy transition that will not only make this country and growth more sustainable but we create enormous jobs in this great economy. >> you touch on very important issues there. great to chat to you. three weeks out from the election on december 20th. plenty for all of these parties. guys, back to you. >> thank you very much. julia joining us there from madrid. looks nice out. >> it does. >> a little warmer than here. >> exactly. still to come on the show, global leaders gather in paris to brainstorm about climate

change. one report strikes a very pessimistic tone. is the below 2 degree market achievable? we'll cross over to the french capitol to find out next. it's easy to buy insurance and forget about it. but the more you learn about your coverage, the more gaps you might find. like how you thought you were covered for all this... when you're really only covered for this. hot dog? or how you may think you're covered for this... but not for this... whoa! no, no, oh , oh! ...or this... ...or this. ...or that... talk to farmers and see what gaps could be hiding in your coverage. my heaven! ♪ we are farmers bum - pa - dum. bum - bum - bum - bum ♪

welcome back to worldwide exchange. we're live in paris at the climate change talks and speaking to people that have the

toughest jobs here. we'll come to a gentleman from the coal association here. being villified by many poartie. but we also spoke to the lady in charge of negotiations. that's the executive secretary and a whole host of issues we spoke to her about but one of the questions i have and i think the world has is what about the verification? what about the legality? is it going to be binding? where is the teeth in any deal going to be? let's listen in to what she said. >> the teeth is in the transparency. the environmental integrity of this legally binding agreement needs to be in the reporting and the verification that they will be reporting and they will be having a pier review process where they'll be seeing over each others shoulder with respect but they will be looking over each others should tore see

in aggregate how are we doing along the path. >> that was christiana who has the get developing and emerging markets on side because there's a lot of mistrust still and some of the negotiations, the leaders have gone. it's the parties from the developing world saying to the developed industrial nations show us the money. we don't necessarily believe if we make these commitments you'll give us the money needed by 2020. we're talking about a lot of money. hundreds of billions of dollars over multiyear period. perhaps one of the most interesting areas is existing hydrocarbons and how they're being seen as the sacrificial lamb by many that want the cleaner hydrocarbons but coal is one of the commodities singled out as being particularly dirty and yet it's used by developing and developed nations. for instance, by 2040, an extra

2440 coal fire power stations are due to go on around the world and increase only to temperatures as well. i spoke to one of the greatest men here and that was the chief executive of the world coal association and i started off by asking him about the hypocrisy of people that use coal but then say i can't be part of it going forward. >> many countries developing in emerging economies and many of us in the west as well are looking for affordable reliable sources of energy and many cases that means they look to coal so when we look at countries throughout asia they're looking for that affordable reliable energy to help their economies grow. we need to help use coal in the cleanest way possible. >> germany, for instance, angela merkel, you know all about this

one. this is about putting renewables front and foremost in germany and they have grown quickly. around about a quarter of the energy mix for electricity in germany but they still use 43% of their electricity comes from, you guessed it, coal. back to you. >> steve, thank you for that information. we'll leave you with a look at how the futures are trading ahead of the open on wall street and a slightly higher move at the start of trading session. we'll be back in two. virus. it's a really big deal. and with fever, aches, and chills, mom knows it needs a big solution: an antiviral. don't kid around with the flu, call your doctor within the first 48 hours of symptoms and ask about prescription tamiflu. attack the flu virus at its source with tamiflu, an antiviral that helps stop it from spreading in the body. tamiflu in liquid form is fda approved to treat the flu in people two weeks of age and older

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the federal reserve's janet yellen set to call the shots as she prepares to speak in washington while european stocks trading higher. >> shares spiking after hours on a report that the board could spin off the internet business amid growing pressure over marissa meyer's lack of prodepress. >> a $4 billion deal for dell. the pc maker could die vest a number of assets in a bid to balance after the emc buyout. >> and somebody is going to be up all night for a long time. the gift of birth is worth $45 billion though to the facebook ceo mark zuckerberg that pledges

to donate 99% of his holdings to charity to mark the arrival of his daughter. >> a very busy week this week. tomorrow we have the nonfarm payrolls report and opec meeting on friday as well. here's a quick peek at u.s. futures. the s&p 500 seen up by 0.2%. dow jones by a similar percentage and nasdaq is also expected to open higher to the tune of 0.2%. a broad based rally in yesterday's trading session. all sectors were higher with health care leading the gains despite the fact that we got the poor manufacturing print in terms of the ism number for the first time since 2012 it was back in contraction territory but up by 1.1% in yesterday's trading session and closing

three points from its all time closing high in europe there's quite a rally unfolding because the euro zone inflation numbers came in a tad weaker than expected. that's cementing the calls for more ecb easing to come tomorrow. the xetra dax up by .5%. similar gains for the cac 40 and ptse 100. also what's happened with the euro dollar pair since we got the inflation data and saw a slide. we're now down by 0.4% back below the 106 level. the ten year is now at another low. 45 basis points so quite a slide in yield across the board. >> yeah, thank you. >> they face workers for the first time since the scandal broke and we're seeing flashes coming through talking about how

the families backed the protection of jobs at vw. he is also saying that the ceo sent the right signals at the group. we'll keep you abreast with what's coming out of the details, the pressure, as again the vw owners, they talk to the workers for the first time since the initial scandal. now this comes after vw declined to comment on a report suggesting that it's reached a bridge loan agreement totaling over 20 billion euros. reuters citing sources. they said that 13 banks would offer the struggling car maker a total of 29 billion euros over the next couple of days. now it's a super busy week and day as well. let's look at what's happening today. the adp employment report is out at 8:15 a.m. eastern time. private employers are forecast to have added 192,000 jobs just this last month. adp, some say is a precursor to

friday's non-farm payrolls data. then a revised reading of the third quarter product activity which is expected to have grown faster helping to keep labor costs in check. on top of that and most importantly janet yellen will be talking and we'll be hearing from several other fed officials today. brown foreman reports results as well before the opening bell. after the close, we'll be hearing from avago, box and american eagle out fitters. rob morgan, he's the chief investment officer is with us. good to see you. thank you for getting up early to be with us. what's the strategy do you think for the remainder of this year given that we're waiting on the fed? >> he's going to send a strong print if friday's job report is good the fed will be raising rates later in december and i have been fairly bullish up to

this point and i will remain moderately bullish if that is, in case, what happens but it will spell the beginning of the end to the nearly 7-year-old u.s. bull market and just broadly speaking i will begin to take some more aggressive chips off the table. >> you're overweight stocks versus bonds in general and you're overweight a lot within the equity pile. >> yeah. well, specifically i would go to a neutral weighting on stocks versus bonds. typically when the fed starts a rate hike campaign, an average bull market continues to last for up to a year afterwards but i would pull back on stocks. i would anticipate going to more of an even waiting and i would start to rotate out of more aggressive cyclical sectors. right now i like technology and

consumer discretionary and i want to wait until i hear a rate hike announcement to get more specific but some would include health care, consumer staples, the usual suspects. >> how concerned are you about the leadership that we're seeing in many of these indices right now? there isn't the breath in the market that you would expect to see. >> yeah. that is certainly something that is some what worrisome but in my own mind right now, anyway, it's counter balanced by the fact that the pe ratios on stocks in general aren't at nose bleed heights and i do think that even though the earnings season wasn't the greatest, i do think the u.s. economy is going to continue to grind along and earnings will continue to grow slowly. so many my mind, at least for today, that counter balances what you just noted. >> thank you for that. rob morgan, chief investment

officer. >> thank you. >> for more on how janet yellen will be calling the shots when it comes to the market today head to our website at cnbc.com. we're interchangeable sometimes. >> we are. you're blonde though, i'm brunette. >> sometimes. i used to have black hair. >> what? >> red hair. >> odd. >> i figured do it when i was 20 and get it out of my system. let's talk about mark zuckerberg. >> congratulations. mark zuckerberg is a new father. he and his wife announced they had a daughter last week and have named her maxima or max for short. in that same post zuckerberg also said they have decided to give away 99% of their facebook fortune to charitable causes such as reducing poverty and improving education. their shares are worth $45 billion. the couple are forming a new organization called the chan

zuckerberg initiative. they're certainly not the first one to sign up to the giving pledge and also to give out money to charities among many silicon valley founders. we've seen the likes of -- i mean, so many. the goolg executives, for example. many of the other tech executives have done it. maybe knot to the extent that the zukerbergs have done it. >> they have given in the past. something like $1.6 billion. education, health care, environment has been very much in focus for zuckerberg. $45 milli 45 billion. some people want to find a negative spin on this. you can set up a foundation. the guy has done extraordinarily well. he's built one of the world's biggest company and even if they keep however little slash a lot they'll have left at the end of this, you know, donating process they're still making a huge

difference. >> it might also actually improve the reputation of silicon valley because what we're talking about on a day-to-day basis is very high valuations and the fact that they're running up the rent prices and they're setting a high bar for others, aren't they? >> very high bar. >> still to come on the show, the future of yahoo! may be up in the air. the board is meeting to discuss what to do with it's core but struggling internet business. we'll find out after the short break.

>> shares of yahoo! are rallying today on reports the board is set to meet what exactly the company would look like in the future. let's get out to landon with all the details. >> good morning to you. yahoo!'s board is holding a regularly scheduled meeting today through friday but two items are atracking a lot of attention. they'll decide whether to sell the core but struggling internet business. it could attract private equity firmsor media company orr foreign firms such as soft bank which is the owner of print. it includes pages such as news and finance still represents some of the most visited cites

on the web. they have 210 million visitors in october trailing only google and facebook. they have valued the business at $3.9 million not including cash. the board will also discuss going ahead way spin off of yahoo!'s 15% stake in alibaba last month. starboard value urged yahoo! to scrap the plan saying the decision changed when they decided whether or not to rule on the spin off. it's now worth $32 billion while the 35% stake in i can't pan is worth $8 billion. alibaba may decide to buy back yahoo! stake but that could carry a big tax bill from the gains on the shares. the meeting comes a mid growing pressure on the lack of progress on marissa meyer's turn around plan. yahoo! spent billions on acquisitions. they haven't launched any break

through products and has fallen further behind. a spokesperson says it's clear that she came in with a timeline of 3 to 5 years. rising 7% in after hours and up about 6% today in europe. guys back over to you. >> thank you. thanks for that. now thousands of people will be packing tonight with millions more watching from home as the 78 foot tall norway spruce gets switched on for the first time this holiday season. sarah is at the center in new york. sarah, good to see you. to talk to us a bit about what we can anticipate today if you're in new york especially. >> it's going to be a fantastic evening full of performances from a number of stars including sting, carly rae jepsen and of course the rockettes. it didn't have a long journey to make. only about 80 miles. the family that had it, the tree

towered over their home for four generations. it had finally gotten to be a little too much to handle but it was perfect for this year's tree. it was adorned with 35,000 energy efficient lights and there's that gorgeous star atop it. it's going to be lit tonight like i mentioned following those performances. really getting everybody in the holiday mood and it will stay lit until january 6th. once it's taken down it will be milled into lumber for habitat for humanity making it truly the tree that keeps on giving. >> how tight is security going to be around that? >> that is a great question. especially given the event across the world over the last few weeks. you will see additional security measures as a precaution tonight. they say there's no credible threat on this event. you'll see highly armed officers. it's going to be raining on and

off but spectators won't be allowed to bring umbrellas or large backpacks or purses or anything like that. they want to bring any packages down to a minimum and you are going to see the heavily armed officers. just a precaution at this point. >> thank you very much. sarah joining us there live from new york in rockefeller center. >> now if you're just joining us, let's update you on our headlines. u.s. futures pointing higher as janet yellen gets ready to speak in washington. dell is selling assets to a private equity consortium.

welcome back to the show. a trio of private equity firms are competing to buy $4 billion

in assets from dell. reuters reporting that they are vying for quest software which helps with it management and sonic wall and e-mail encryption and data security provider. it would help boost the balance sheet and pay down debt after it agreed to buy emc for $67 billion. >> november was another tough month for bill ackman. his hedge fund lost around 2% and was down 17% through november. but they already paired those losses to 15% year to date. that's thanks to an almost 10% rise in shares of valeant on tuesday. the drug maker is one of the largest holdings. >> meantime, citigroup is reportedly planning to keep the bonus pool for its bankers and traders unchanged from last year. they told senior managers of the decision but it could change depending on how the market performs this month. jp morgan also plans to keep it's bonus pool the same but

other banks including goldman sacks announced plans to cut bonuses by up to 16%. it seems in this case unchanged is the new up for bonuses. >> i think you're right. you're absolutely right there. now when it comes to chase lending, jp morgan is jumping into the online lending business teaming one the specialist lender on deck capital. under a private program started back in january they'll offer loans to its roughly 4 million small business customers. the company promises almost real time approvals and same or next day funding. on deck shares jumping some 28% in after hours trade in germany this morning higher by 12%. >> now, gold posted one of its worst monthly losses in over two years in november sliding almost 7%. some analysts, they say that there's likely to be further

pressure on the precious medal amid expectations of a fed hike and the strong dollar. randy is the ceo. being the world's largest gold and silver streaming company. what's a gold and silver streamsing company? >> we don't operate the mines. we invest into the mines. we buy the product which gives us fixed costs from a capital cost basis. >> so you hedge yourself against what's coming out of the mines? >> exactly. we get a percentage of whatever the mine produces so if it has expiration success or production success we deliver that back to our shareholders. >> you're not a miner. you're a streaming company but do you ever feel that you're lumped up given the drop in commodity prices in gold and silver? that has taken a beating. do you feel that you're due for a rerating because you're a streaming company? >> this has been a four to five year bear market in the precious

metal streng metal space. so we're suffering like the mining companies are in term of a share price. it's one of the reasons we're so active. this does opportunity open opportunities for us. >> we're pretty competitive in that space. we completed a transaction in glencore. we buy 100% of the silver they produce from the copper mine. that's the kind of opportunities we're seeing. it's mining companies that need to improve their strength and their balance sheets. >> is gold still an inflation play? >> yeah it comes back to the strength of the u. s. dollar. we have been fighting a very strong u.s. dollar and appears to be going even stronger. i do believe that it -- i mean, from my perspective it doesn't make sense to have a strong u.s.

dollar. long-term basis, that will be painful. so it's a matter of trying to take advantage and position ourselves so that when we see strength in the precious metals we're there for . outlook for silver is better than gold? it's used in many solar panels. do you think that it might not be down but up. >> it is. we are preferential to silver. we're happy in the gold space but preferential to silver and that's the increasing industrial demand. solar panels, they continue to improve to the point where they may not need subsidies at some point. and we see that continuing to improve and that's going to keep on pushing silver. >> >> 1,066 on gold or something like that. aren't we just going to drop through and potentially keep going lower. >> yeah. keep is a short-term thing. i don't see any thesis for why you would want the strongest

currency in the world. on a worldwide basis the world is getting smaller and smaller all the time. trying to understand the logic behind that. is there is a raise in fed hike, you know, fed hikes rates, you know, i don't know if that's going to be a long-term plan so i do think we may not hit a bottom yet or may see a bottom here sometime soon put we'll be ready to move. >> thank you very much for being with us. ceo at silver weaton. state side it's early there. but here in europe higher and hanging on to slight gains. almost all of europe trading in positive territory. >> we straw rally continue or accelerate after we got the weak inflation numbers coming out of the euro zone in light of tomorrow's ecb meeting. meantime, the fed governor says the central bank should go slow on raising rates. she says there may be limits to the feds a ability to tighten

monetary policy when others are keeping theirs loose. fed chair janet yellen taking center stij although she is not expected to give much away at the meeting this month. yellen speaks at the economic club this afternoon and testifies before the joint economic committee on capitol hill on thursday. quick look on u.s. futures. the s&p 500 by 1.5 points. dow jones higher to 20 points. this is after we saw a broad based rally in yesterday's trading session. all sectors higher and all eyes on the non-farm payrolls report. lots going on this week. >> tons going on. tons. but guess what. >> what. >> it's the end of the show. >> it is. >> for us. >> we'll be back tomorrow though with another worldwide exchange but that is it. >> next up, squawk box u.s. we'll see you tomorrow. bye bye. >> thanks for watching. bye. you can't predict...

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good morning, yahoo! shares jumping right now. investors cheering reports that the company may sell it's core internet business. yahoo!'s board is set to meet today. >> the next generation of giving, mark zuckerberg and his wife announce the birth of his first child and plan to donate 99% of their facebook stock to a new charity. >> and in the rough, golf legend tiger woods is not headed back to the course any time soon saying his back problems are so bad that there's no timetable for his return to the pga tour or even to pick up a club. it's wednesday, december 2nd,

2015, and squawk box begins right now. ♪ >> live from new york where business never sleeps, this is squawk box. >> good morning. welcome to squawk box here on cnbc. michelle is sitting in for becky today. topping the market agenda this morning, new numbers on the nation's labor market and a speech coming up from janet yellen. let's start with the economic data though. the november adp employment report coming up at 8:15 eastern time. the economy likely added 192,000 private sector jobs last month. also worth watching, productive and labor costs at 8:30 eastern time and then the november beige book coming up this afternoon. janet yellen is scheduled to speak at the economics club of washington around noontime. investors will listen to any hints on the