sources tell cnbc's andrew ross sorkin that the justice department wants at&t to sell either cnn or directder to clear the agreement. joining me on the phone is cnbc's andrew ross sorkin. also with me is msnbc legal analyst, danny cevallos. andrew, walk us through your reporting. >> first of all, thank you for having me. you know, we've been working on this story all day. i was doing it with my colleagues at "the new york times." and we really -- it was a surprise to us and i think, by the way, a surprise to at&t and time warner. they had expressed this transaction to be completed by the end of this year. and by all indications, up until several weeks ago, that seemed to be the case. there have been new demands made by the department of justice, literally in the past several days, offering them two options, as a settlement to get approval for this transaction. one would be selling cnn and what's known as its turner assets. the other would be selling direct tv. now, it's important to note that from a strict anti-trust policy perspective, neither of these sales would necessarily make sense,

i'm becky quick along with joe kernen and andrew ross sorkin.ok at the equities future. the dow futures are indicated down 27 points s&p futures off by 3, naas cac o -- nasdaq off by 3. taking a pause in the rally. the dow and s&p 500 down and both of them coming off their first weekly losses in nine weeks. >>> overnight in asia it was a mixed picture. in hong kong i know the stocks were a little weaker the nikkei was down by

i'm becky quick along with joe kernen and andrew ross sorkin.s time for the global markets report. let's look at u.s. equity futures. yesterday a strong day forlt te markets, dow ended up about 187 points, thanks to walmart and cisco and the passage of the

cnn and have no intention to do so we'll hear more from stephenson later today when he joins andrew ross sorkinive from the deal book conference. that interview will be more interesting particularly in light of other media take ovover stories we've heard. >>> 21st century fox is playing down reports it plans to sell sky news to win uk approval for its acquisition of sky it was a threat more that they might shut sky news if they don't get approval on the earnings call, jim jgyms murdoch said he was confident the deal could be completed by next year. let's talk more about this good morning to you. thanks for joining me. first question is based on the stories we've heard over the last week that fox was perhaps considering selling part of itself to disney, if we believe that to be true does that suggest that they think the sky news deal is not the sky -- overall sky deal will not get approved >> it's undoubtedly clear that the planned deal for fox to acquire the 61% stake in sky that it did not already own is in trouble you don't need to look further than the share price of sky trading at about 19%

different view of what this deal really means. >> andrew, thank you so much for phoning in andrew ross sorkin you won't want to miss andrew's big interview with at&t's ceo randall stevenson, you can tune into "power lunch" and see that live what's next for at&t/time warner >> there's no way for me to answer that question how do you trade time warner on the back of this i look at it, obviously the entire sector, valuations have been ratcheted down. we've all had that conversation. what's the right multiple for time warner in this environment without a deal let's back that out for a second i would submit 12 1/2, 13 is not a ridiculous multiple for time warner that gets you about an 84 1/2, $85 stock, which interestingly enough is where we took off from at the beginning of last year or towards the end of last year, i should say you're getting to levels, deal or no deal, not to play the tv game or whatever that game is, you get it towards levels where it probably makes sense as a standalone to be long the name >> karen, what's your reaction when you see this? you also put this with the backdrop o

i'm becky quick along with joe kernen and andrew ross sorkin. if you check out the u.s.tures, at this point things are relatively flat. dow futures indicated up by less than a point the nasdaq down by 4 this comes after a day when the dow and s&p 500 managed to eke out gains despite the pressure we saw from ge with the worst day, down about 7% those two indices managed to finish with slight gains the nasdaq was down by 6.66 that devilish number. we will see where things get as we get closer to the

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin.e live from the nasdaq market site in times square, just like every day, this morning we are welcoming you from our new set we are right here on the ground floor in times square, all behind us. guys, we'll finally see everybody on their way in to work a bit of movement behind us, action behind us who knows what might happen. >> they'll knock on the window in the morning >> you haven't see

i'm becky quick along with joe kernen and andrew ross sorkin. u.s.quity futures seeing a bounce back after a down day yesterday in the markets yesterday twe saw the biggest declines since september 5th for all three major averages all three now are at the lowest levels of november this morning things are turning around dow futures indicated up by 88 points s&p up by 10 nasdaq up by 31. let's see how things did overnight in asia. asia was leading the declines yesterday. this time a little different story. nikkei closed up by 1.5% hang seng was up by 0.6% shanghai was flat. in europe, at least at this early trading hour, there are green arrows across the board. barely hanging on for the ftse the dax and cac each up by better than 0.6% looking at crude oil prices, at least right now, crude oil looks like it's down 7 cents 55.26. >>> couple big stories we're watching, mattel has rejected a takeover approach from rival hasbro reuters reporting that mattel believes the offer undervalues the company and doesn't take into account the potential for regulators

i'm becky quick along with joe kernen and andrew ross sorkin. everybody is here and back together the u.s. equities markets this morning, we have seen strong gains from all of these markets. the dow, the s&p 500 and the nasdaq closing at record highs once again on friday the dow and the s&p have now racked up eight straight weekly gains in a row guys, any ventures as to how many record closes we've seen for the dow so far this year. >> this year in. >> yeah, this year. >> how many days has there been? >> we're getting towards the end of the year. we must be close to 300 days not quite. >> weekdays. >> how many weekdays and how many trading >> pretty surprisingly large number. >> north of 50 >> 56 for the dow. for the staup it's 51. the number of trading days i'm going to do the math i'll do the math 56 record closes for the dow and 51 for the s&p 500 we are under a little bit of pressure this morning but every so slightly. you're talking about the dow down 20 points why don't we take a look at what happened overnight in asia the nikkei, which ha

we'll hear more from stephenson today on cnbc when he joins our andrew ross sorkin at 1:20 p.m. eastern time a lot to unpack in this story. >> there certainly is, carl, and it's taken let's say an unexpected turn over the last few days of course, as we reported, as andrew did, and others have a well, that ask from the doj was unexpected it has come in the last few days this for a deal that was very close to the finish line, as i reported yesterday, back in september, they were days away, people close to the situation tell me, from having what they believe would have been a consent decree or what we call so-called behavioral remedies for concerns amongst competitors in terms of the bundling that would take place with hbo and direct tv now and the distribution network and everything else there. they didn't get there. and makehin del rahine was confirmed to his post to run the antitrust division at the doj. and things have changed since then despite the fact that mr. del rahine said he did not see this deal posing an anti-trust threat, well, that was then, this is now. and now we'r

we just had andrew ross sorkin on and said the other possible remedy is they divest directv in exchangeetting the deal okayed what are you hearing in hollywood about this and what do you think? >> you know, this has been a topic that's been on the table ever since the deal was announced especially the focus cnn. it's worth noting that there were questions even on analyst calls with companies such as cbs if they were interested in buying assets such as cnn because this is one of these assets that's really been criticized by president trump. i think this all comes down to the bigger question of vertical integration. vertical integration versus horizontal integration and the fact that there's so much competition in the marketplace right now and the argument that randall stevenson and the folks that at&t are making is it's just a different world right now and vertical integration has always been okay and right now there's been more competition than ever when you look at amazon, facebook and all of these tech companies also getting into the media space >> you've been covering the space for a

i'm becky quick, along with andrew ross sorkin joe is out today, but we have a special guest host, shark tank's kevin o'leary. thank you for being here >> thank you >> we had a massive amount of news dumped on us yesterday. >> every time i tune in to you every morning, market goes up. i have not seen a bad day since i was here last. >> we are counting down this morning to the october jobs report out at 8:30 eastern time. non-farm payrolls forecast to rise by 315,000 following the decline of 33,000 in september, which was impacted by the hurricanes unemployment expected to hold at 4.2% watching the futures, green arrows this morning. mixed week right now, you're looking at the dow on pace for its eighth consecutive weekly gain as kevin was talking about. hard to find down days the s&p 500 is hovering around break even if it does end in the positive territory, it would be its eighth consecutive weekly gain nasdaq on track for its sixth week of gains. dow futures indicated up by 30 points nasdaq indicated to open up by 20 points. s&p fight pictuutures indicate 0 1.5% this morning the hang s

i'm becky quick along with joe kernen and andrew ross sorkin. futures are just weaker this morning.ow futures down by 7 points s&p off by 2 the nasdaq down by close to 2. this comes after the dow managed to eke out a gain yesterday but the s&p 500 and nasdaq fell just short of the break even line we will keep an eye on things as we get closer to the opening bell what's happening with tax reform and the potential for that bill being passed is something the market is watching closely >> i didn't understand that music at the top of the show >> i didn't understand what they were saying. >> the band is phoenix like -- >> like a phoenix rising from the ashes? >> that is what you did in virginia and new jersey. and your guy your guy >> going to politics who is my guy? >> deblasio. >> my guy. >> 60% >> you're a new yorker >> he's your mayor >> he's my mayor he's my mayor. that's my mayor. >> and he -- >> we had him on the show before i've also had commentary that has not always been positive about some of the things he said >> i know. i know you've been critical you have not been positive o

our andrew ross sorkin was with the peninsula trince two weeks joins us your thoughts on what happenedr the weekend >> good morning. we have all been as the business community has been trying to make sense of what's taken place over the weekend, trying to understand what it all means as you noted, we were just there two weeks ago. the crown prince had convened a huge conference with some of the biggest business and investment leaders in the world, in part, trying to make saudi a hub of investment, trying to bring money into the country and of course, this news over the weekend, the question, of course, is does that make that more or less likely? i should tell you that it cuts both ways. we have spoken now with people in saudi, a number of the participants that were there, big american ceos and others there's a view on one side that if in fact this is an anti-corruption effort and it really is an anti-corruption effort, it's needed and there is still corruption in the country and this could be helpful. on the other side, there is a view that if in fact the crown prince is trying to take

t tencent shares don't have a board seat >>> andrew ross sorkin is getting ready for the "new york timesence. andrew, we've been talking all morning long about what's been happening with at&t and the department of justice. you were reporting on this yesterday and today you will be sitting down with randall stephenson, at&t ceo. >> this is the annual deal book conference, the sixth one we've dope at the time warner center and we have an illustrious list of speakers all of whom i imagine are going to make headlines of one sort or the other, perhaps the one that make make the most is randall stevenson of at&t in the cross hairs of this doj negotiation, if it can be called that we will be talking to randall after lunchtime throughout the day, let me tell you what's going on h howard schultes is here, melody hobbson is here. >> then we have an interview, first interview ever with the new ceo of uber, he's never spoken publicly since he took the job and we will talk to him about the gnash missions and things we have been reading about and try to understand more where that company is going. we'

i'm becky quick along with joe kernen and andrew ross sorkin.'s take a look at the equities future. the dow futures are indicated down 27 points s&p futures off by 3, naas cac o -- nasdaq off by 3. taking a pause in the rally. the dow and s&p 500 down and both of them coming off their first weekly losses in nine weeks. >>> overnight in asia it was a mixed picture. in hong kong i know the stocks were a little weaker the nikkei was down by 1.32% the hang seng was up by .2%. the shanghai up by half a percentage point in europe in some of the early trading right now we are seeing things a little bit mixed across the board. ftse's hanging in there up by .10 of a percent. they are seeing pull backs by the dax down and the cac off by 1/3 of a percentage oint. crude oil prices on a climb again last week where oil was up by just over $1.10 this morning wti back 1 cent i take that back, it's unchanged at 56.74 let's tell you what's going on couple stories we're watching this morning couple big ones. general electric is going to announce a major restructur

i'm becky quick along with becky quick and andrew ross sorkin, and joe strolling in >> i was talking >> you were getting ready for thanksgiving >> i was remember all that. the scrooge -- >> he was talking to wilf about tiny tim in the tease. >> you were sort of on time. you were here. >> i was here for the tease. >> he was here for the tease he got stuck in the elevator trying to come back. >> let me give you this concept. i was here to do the tease on "worldwide exchange" with makeup, which you have never ever -- that has not happened yet. has it >> i like the natural

i'm becky quick along with joe kernen and andrew ross sorkin. futures are just weaker this morning.ures down by 7 points s&p off by 2 the nasdaq down by close to 2. this comes after the dow managed to eke out a gain yesterday but the s&p 500 and nasdaq fell just short of the break even line we will keep an eye on things as we get closer to the opening bell what's happening with tax reform and the potential for that bill being passed is something the market is watching closely >> i didn't understand that music at the top of the show >> i didn't understand what they were saying. >> the band is phoenix like -- >> like

i'm becky quick along with joe kernen and andrew ross sorkin.eek for the markets. the dow was up by 1% last week you can see this morning there are green arrows as we quick off this new trading week. dow futures up by 14%. s&p up by over 2 the nasdaq indicated up by 7.5 take a look at what happened overnight in asia. i believe there were some red arrows with the anything kay down by a quarter percentage point. the hang seng down

i'm becky quick along with joe kernen and andrew ross sorkin. is here and back together the u.s. equities markets this morning, we have seen strong gains from all of these markets. the dow, the s&p 500 and the nasdaq closing at record highs once again on friday the dow and the s&p have now racked up eight straight weekly gains in a row guys, any ventures as to how many record closes we've seen for the dow so far this year. >> this year in. >> yeah, this year. >> how many days has there been? >> we're getting towards the end of the year. we must be close to 300 days not quite. >> weekdays. >>ow

i'm becky quick along with andrew ross sorkin joe is out today sitting in is dana telsey fro from telseyoup good to see you this morning >> thank you >> are you having some issues not being in the malls >> i've been there already i've seen some sales >> i bet after the show you will be right back? >> you bet all day, all night >> dana is with us for the next three hours. on wednesday you saw the dow down, and the s&p down slightly. nasdaq wasig

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.res. yesterday the markets closed higher this morning there are green arrows indicating a higher open again. dow up by 50 points. s&p up by 26 1/2 and the nasdaq up by 25 in japan, the nikkei gained about 150

you asked david faber if there were any real conversations about, and randall even said to andrew ross sorkin won't be selling off. if the back-channel discussion was you have to sell cnn, i'm not sure what that does. >> is there a negotiation there? >> obviously not if they brought a suit at&t said they're not going to do, and i think stephenson will stand their ground that's the press conference on the left side. we'll go to that live, but in the meantime let's bring in "new york times" columnist james stewart, who joins us on the fast line tonight. we always like to get your analysis what do you think? what do you make of all this >> this will be a tough case for the government i call it epic antitrust case, which it is, in two ways, first of all, is the vertical at the conversation itself legal, as somebody pointed out, about 50 years, and they have approved hundreds, so that's hurdle number one, hurdle two, if it is illegal, how dough remedy that the traditional way was consent to create behavioral agreement, and the justice department is trying to get these divest further. that is a rad

i'm becky quick along with joe kernen and andrew ross sorkin. u.s.tures seeing a bounce back after a down day yesterday in the markets yesterday twe saw the biggest declines since september 5th for all three major averages all three now are at the lowest levels of november this morning things are turning around dow futures indicated up by 88 points s&p up by

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.ay a big day for the markets. dow up by 2 55 points after the senate moved the tax bill through committee. you can see this morning the dow is indicated to open up by 55 points s&p indicated up by 2 points the nasdaq down about three. jp jpmorgan was the lead of the advancers yesterday. s&p was up yesterday by 1% financials up by 2.6% overall. and that was the best session for the sector since

i'm becky quick along with joe kernen and andrew ross sorkin. let's take a look at the u.s.futures this morning. as joe mentioned, closing at record highs for all three of the major indices yesterday. guys, it is now 57 times this year that the dow has closed at a record high. 52 times for the s&p 500 if we close today at another record high 53 times, that would tie thor record number we saw in 2014 for all of 2014 it was

i'm becky quick, along with andrew ross sorkin joe is out today, but we have a special guest host, sharkvin o'leary. thank you for being here >> thank you >> we had a massive amount of news dumped on us yesterday. >> every time i tune in to you every morning, market goes up. i have not seen a bad day since i was here last. >> we are counting down this morning to the october jobs report out at 8:30 eastern time. non-farm payrolls forecast to rise by 315,000 following the decline of 33,000 in september, which was impacted by the hurricanes unemployment expected to hold at 4.2% watching the futures, gree

i'm becky quick with andrew ross sorkin the markets were mixed between major averages this morning somes these aren't hugely significant declines dow futures down s&p off by under 4 points. the nasdaq did end with a positive gainfor the week. overnight in asia let's take a look at this point the market's closed the nikkei ended down by .6 of a percent. hang seng and shanghai were slightly higher. in europe this morning in some of the early trading as we look at the story of the german coalition bid failing, you still see some green arrows

crew group is on stage at "the new york times" dealbook conference with our own andrew ross sorkin. they've just begun let's listen in for a moment here. >> i kind of stepped down and became chairman. the board and i agreed that i wanted to go and they were fine with it as long as i hung around for a while. so i kind of was over the last year or two planning to fire myself so it timely happened july 10th of this year and i don't know if i fired myself, but it's okay. not the first time i've been fired, so -- >> so you were fired >> no, i wasn't fired. i'm actually the largest shareholder, individual, that doesn't say much, at j. crew my partners, tpg, gendleonard g, own 90%, i own 10% of the company. >> you said the last couple years have not fbeen fun not been fun for virtually all the people the quote/unquote traditional retail business. >> for sure. it's been miserable. i mean, i don't want to see that as a headline, but -- >> you night have just made it. >> yeah. just -- i better watch what i say. i realize there's so much press here anyway, hasn't been fun. >> it hasn't been fu

jack dorsey speaking to cnbc's andrew ross sorkin about president trump's twitter account being deactivated. >> the account was not removed it was not suspended it was deactivated, which is a very different state than what you would assume so it was not deleted. it was put in a state waiting for the owner to come back to it and reactivate it, is what happened >> did the owner, otherwise the president -- >> yes >> he came back to it? >> he came back to it. and he reactivated it. >> and did they call you >> we have conversations we have conversations, yes >> what kind of conversations, jack so twitter did buck the trend today, up a percent for the year >> i remain long it's benefiting from increased user attentiveness, let's call it that, and the fact that snap seems to be having a whole lot of problems. it makes them look like the adult in the room. >> jack dorsey looks like he has the ability to hypnotize you when he speaks to you directly >> i was hypnotized when he was speaking right there >> unbelievable. buy twitter. >> how about the 280 characters, though have you noticed you can now t

i'm becky quick with andrew ross sorkin the markets were mixed between major averages this morning some red arrows these aren't hugely significant declines dow futures down s&p off by under 4 points. the nasdaq did end with a positive gainfor the week. overnight in asia let's take a look at this point the market's closed the nikkei ended down by .6 of a percent. hang seng and shanghai were slightly higher. in europe this morning in some of the early trading as we look at the story of the german coalition bid failing, you still see some green arrows there. the dax in germany up by .2. the cac in france is up by a quarter percentage point the ftse is flat crude oil ended down by about 19 cents for the week last week this morning it's down another 17 cents to 56.38. >>> a couple big stories we're watching geopolitics. german's chancellor angela merkel said efforts to form a coalition government has failed. merkel has been working for more than a month to work with the, quote, free democrats and the greens after losing ground to a far right party in the september election if a coalition can

i'm becky quick along with andrew ross sorkin joe is out today sitting in is dana telsey fro from telsey advisory group good to see you this morning >> thank you >> are you having some issues not being in the malls >> i've been there already i've seen some sales >> i bet after the show you will be right back? >> you bet all day, all night >> dana is with us for the next three hours. on wednesday you saw the dow down, and the s&p down slightly. nasdaq was higher. again, we're looking at a strong weak so far. the dow and s&p 500 even with those losses on wednesday are on pace for the best week in five nasdaq with the biggest week in seven weeks. in morngs ding dow futures up b5 points, s&p up by 3, and the nasdaq up by 6 >>> overnight in asia, the nikkei ended up just slightly. up by 27 points. the hang seng by a half percentage point in europe this morning, with some of the early trading, it looks like the dax is up by 0.3% the cac in france up bay half percentage point stocks are slightly weaker in london, but italian and spanish stocks are in the green. also look at crude oil prices. cr

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin.e are live from the nasdaq market site in times square, just like every day, this morning we are welcoming you from our new set we are right here on the ground floor in times square, all behind us. guys, we'll finally see everybody on their way in to work a bit of movement behind us, action behind us who knows what might happen. >> they'll knock on the window in the morning >> you haven't seen the deuce yet? >> part of it. >> times square, 1970 -- if only it were like that. there are still those nudists around here. >> there are still painted people are they naked or painted? >> and elmo. >> there will be some falfafal action out there >> some finest >> how about new york's finest showing up for us today to protect us here. out in fum forll force >> not for us? we can think whatever we like. it's about 11 months in the making big thanks to everybody who put this together for us >> the bugs are all out. i can hear things in my ear. you? >> i can >> we can hear our own voices, which was

. >>> all right, that is mark cuban in new york city with andrew ross sorkin at the deal book conference. the headline really from that conversation is mark cuban saying that he is still considering a presidential run in 2020, though he has not made up his mind. one of the highlights in a far-reaching conversation, but as i welcome you to "the halftime report" today, i call your attention to the major averages dow jones industrial average down by 204 points all three of the major averages under pressure this hour on a report out of the "washington post" about the president's tax plan the senate is considering a delay in the corporate tax cut until 2019 stocks began falling on that news almost immediately and that is currently where they stand now, at the lows of the day. we have an all-star panel with us today led by a special guest, mario cabelli is with us for the hour to talk about all of this along with joe terranova, steve weiss and jon and pete najarian. as we're watching what's happening in the stock market, how are you thinking about kind of where we are in the bull market cycle

i'm becky quick along with joe kernen and andrew ross sorkin.ight now it's time for the global markets report. let's look at u.s. equity futures. yesterday a strong day forlt te markets, dow ended up about 187 points, thanks to walmart and cisco and the passage of the x version of the tax bill. nasdaq this morning is holding on to positive gains we'll see how this shapes up as we get closer to the opening bell overnight in asia, you can see the nikkei ended up 0.2% stocks were higher for the hang seng as well up about 0.6%. in shanghai come pposite down by a half percent. the dax is barely holding on, the others are negative. looking at crude oil prices, crude has been pulling back after the highs it hit, this morning up by 1.5% almost back to $56 a barrel. >>> we have some corporate news. comcast, the parent of this network, has approached 21st century fox expressed in buying a substantial piece of the media company. it would be an all stock offer it would focus on fox's xabl ca networks, movie studios, stake in hulu. we should say no deal is n

i'm becky quick along with joe kernen and andrew ross sorkin.t week was an up week for the markets. the dow was up by 1% last week you can see this morning there are green arrows as we quick off this new trading week. dow futures up by 14%. s&p up by over 2 the nasdaq indicated up by 7.5 take a look at what happened overnight in asia. i believe there were some red arrows with the anything kay down by a quarter percentage point. the hang seng down by .6 of a percent. shanghai stocks down by close to 1% a decline of more than nine tenths in europe there have been some green arrows the dax is up by .2% the cac is up by a quarter percentage points. stocks up in italy, spain and london crude oil prices which ended last week just shy of $59 a barrel, check this out right now, down by about 44 cents. still, wti trading above 58 at $58.51 a barrel. >>> now this morning the big news of the day. publisher meredith buying time, inc., for2.8 billion that's the price meredith will pay $18.50 for time, inc. it publishes well-known magazines such as "time," "p

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.quity futures. yesterday a big day for the markets. dow up by 2 55 points after the senate moved the tax bill through committee. you can see this morning the dow is indicated to open up by 55 points s&p indicated up by 2 points the nasdaq down about three. jp jpmorgan was the lead of the advancers yesterday. s&p was up yesterday by 1% financials up by 2.6% overall. and that was the best session for the sector since march 1st look at overnight in asia. the nikkei closed up by a half percentage point stocks were mixed in china hang seng down by 2% if you look at what's happening in europe and the early trading, things are mixed there stocks down in london with the ftse down by 0.6%. stocks up across the board in the other countries. the dax in germany up by 0.9%. a gain of a half percentage point in france. crude prices, wti around $57.50. >> we are up another 55. yeah, market was up 255 yesterday. think if the market was down 255. think of what we would do with 160 point observe a down

i'm becky quick along with joe kernen and andrew ross sorkin. let's take a look at the u.s.quity futures this morning. as joe mentioned, closing at record highs for all three of the major indices yesterday. guys, it is now 57 times this year that the dow has closed at a record high. 52 times for the s&p 500 if we close today at another record high 53 times, that would tie thor record number we saw in 2014 for all of 2014 it was 53 tiles. the total number of the record for all time, 77, 1995 >> i thought you were going to say the total number of trading days we still don't have that >> no. but i was trying to think about it i think there's 53 days left which probably work out to 44 trading days for the rest of this year. i did the rough numbers yesterday -- 25%? >> look, there were 220 -- i mean, there were 222 or something weekdays i don't know how many of those days were closed or trading sessions >> that's good enough. so it's something like 25% >> 25% of the time you've still got another potential up to 40 trading sessions left. >> let the good times roll that's the botto

live from the nasdaq market site in times square i'm joe kernan along with becky quick and andrew ross sorkinference where you need a moderator or -- let's get a check on the market. it's andrew. >> don't give it -- >> please. >> futures up right now. up 90 almost on the dow jones. >> i don't know how to say no. >> you can't say no. >> they got nine on the s&p. the nasdaq up 32 points. strong session indicated by these numbers that we're looking at here. let's take a look at treasury yields, which are i will is it below 240, which how long -- someday we'll go up. >> okay. let's get you caught p on the top story of the morning the d.o.j. suing to block at&t's proposed acquisition of time warner the agency calling the $85 billion merger an he illegal combination, but it says it harms consumers and stifles innovation it would bring together at&t's more than 100 million wireless subscribers and pay tv customers with time warner's networks to include cnn and hbo. reports circulated that officials demanded that at&t and time warner must sell the group. randall stevenson, ceo, spoke last night about

i'm becky quick along with becky quick and andrew ross sorkin, and joe strolling in >> i was talkingbout tiny tim. >> you were getting ready for thanksgiving >> i was remember all that. the scrooge -- >> he was talking to wilf about tiny tim in the tease. >> you were sort of on time. you were here. >> i was here for the tease. >> he was here for the tease he got stuck in the elevator trying to come back. >> let me give you this concept. i was here to do the tease on "worldwide exchange" with makeup, which you have never ever -- that has not happened yet. has it >> i like the natural look >> yeah. didn't scrooge send over a turkey at the end? >> he did something. he sent over dinner. >> and tiny tim was like, wow, it's the best christmas. >> i don't know if that was the book version or the movie version. >> i'm getting a little -- >> wait a minute there was a book huh? >> yes, charles dickens. i know you know this we had this discussion there was a book it wasn't just a movie >> some people we know get all their news in tv >> which we hope is you at home. we hope you are getting your

live from the nasdaq market site in times square i'm becky quick along with joe kernan and andrew ross sorkinhe futures, we've been looking at green arrows once again. the dow indicated up about 77 points above fair value, nasdaq would open up by ten points, the s&p 500 would open up by 7.5, it's been a strong month for the dow and the s&p 500. >>> a big networking equipment deal is apparently not happening despite reports to the contrary. nokia issuing a statement that it is not in talks to buy juniper networks sources told cnbc yesterday that the two were in buyout talks that would value juniper at about $16 billion. juniper's stock, by the way, is riding a nine-session winning streak but you can see on this denial the stock is down by 6% >>> amazon is making a push to bring its digit al assistant alexa into the workplace the idea is to let alexa book concerns rooms, set up meetings and perform other work functions. details will be announced at the annual conversation for amazon's web services unit. >>> it's a busy morning for economic numbers in 90 minutes we'll get october numbers for per

times square i'm becky quick along with joe kernan and andrew ross sorkin. we saw the major averages hit new highs during the trading session and give back some at the close you can see right now there are green arrows indicating a higher open once again this morning dow futures indicated up by 47 points looks like the s&p would open up by about 4.5 points here, and the nasdaq up by just about 10.5 points >>> here's what's making headlines at this hour fed governor jay powell will be heading to capitol hill this morning. powell, who is prurp's nominee to succeed janet yellen as the fed chair, will have a confirmation hearing before the senate banking company when powell was confirmed to serve on the fed back in 2012, he received broad bipartisan support. >>> an official announced is expected today, and then we'll see if shareholders actually tender their shares for that also, buffalo wild wings is reportedly on the receiving end of an approved takeover offer. roaric capital is said to have sweeterned its $150 bid a share bid to $157 a share. that would make

i'm becky quick along with joe kernen and andrew ross sorkin. if you check out the u.s.quity futures, at this point things are relatively flat. dow futures indicated up by less than a point the nasdaq down by 4 this comes after a day when the dow and s&p 500 managed to eke out gains despite the pressure we saw from ge with the worst day, down about 7% those two indices managed to finish with slight gains the nasdaq was down by 6.66 that devilish number. we will see where things get as we get closer to the opening bell if you look at what happened overnight in asia, you will see the nikkei was flat overnight after being down sharply the day before the hang seng was down 30 points the shanghai was down by close to 18. if you look at what's been happening early this morning in the european markets, at this point similar trends there very modest advances or declines the ftse is up by 0.2% that's actually the biggest mover in the region. >>> we've been waiting for those home depot results, dow component just out with quarterly earnings it looks like the home improvement retai

back to "squawk box" here on cnbc we're live at the nasdaq market site in times square i'm andrew ross sorkinan. becky is at the barron investment conference taking place just a couple of blocks from here at the metropolitan opera house. she's joined by ron barron we're going to hear from them in just a moment. hi, becky. it's nice to see you >> hi, andrew. >> we're going to check on the markets and come back to you show you what's going on right now we are in the red. it looks like the dow would open off 40 points. nasdaq off about 16 points s&p 500 off about seven points here's what's making headlines at this hour we have this run of retail reports. it continues this morning. we're expecting the latest numbers from jc penney that's at the bottom of the hour company expects to post a quarterly loss of 43 cents a share with a third quarter on revenue of almost $2.8 billion comparable store sales expected to increase by half a percent. also, automaker joseph -- we always go back and forth about this automaker >> i think that -- i think the public -- >> there's confusion in the public >> i just