and at 11:30, we'll be taking an in—depth look at the papers with our reviewers lance price and seb payneith us for that. good evening. the cabinet has agreed to activate plans for a no—deal brexit. £2 billion is being given to government departments, including those dealing with trade, borders and security, to help them prepare for the united kingdom leaving the eu without a deal. 3,500 troops will be put on stand—by to help maintain essential services if needed. the move comes amid continuing uncertainty over the fate of theresa may's proposed exit deal. but some have accused the government of scare tactics to encourage more mps to back the prime minister's deal in a vote next month. here's our deputy political editorjon pienaar. they had no choice — the country had to prepare for brexit with no deal if it came to it. some quite like the idea, though the eurosceptics are backing mrs may's brexit compromise — for now. are people, in a word, right to be afraid of no deal? no deal would not be optimal for our economy. we should work to get the prime minister's deal over the line. brexiteer

with me are the political commentator lance price and the financial times political leader writer sebalready in, and of course many are leading with brexit. the financial times reports on the row between cabinet ministers, business leaders and the prime minister as theresa may insists she will press ahead with curbs on immigration after brexit. the independent splashes on the story that thousands of troops will be on standby in case of a no—deal outcome. the metro also leads on the announcement that the army could be deployed if britain fails to agree a deal. "britain moves to war footing," the i also leads on the consequences of no—deal. the daily telegraph splashes on calls from former brexit secretary dominic raab to give businesses tax

with me are the political commentator lance price and the financial times political leader writer seb payne. many of tomorrow's front pages are already in, and of course many are leading with brexit. the financial times reports on the row between cabinet ministers, business leaders and the prime minister as theresa may insists she will press ahead with curbs on immigration after brexit. the independent splashes on the story that thousands of troops will be on standby in case of a no—deal outcome. the metro also leads on the announcement that the army could be deployed if britain fails to agree a deal. "britain moves to war footing," the i also leads on the consequences of no—deal. the daily telegraph splashes on calls from former brexit secretary dominic raab to give businesses tax breaks to help them weather a no—deal brexit. businesses are "watching in horror" according to the guardian as no—deal preparations escalate. and the times reports that the government is set to ditch manifesto commitments in a bid to free up resources for brexit. away from brexit — tory mps are accused of h

the back pages at 10:a0pm this evening in the papers, when i'll bejoined by political commentator lance pricel leader writer seb payne. donald trump has agreed to shut down the trump foundation, his family charity. new york's attorney general barbara underwood claims mr trump had used the foundation as a personal chequebook for his business and political interests. she described it as "a shocking pattern of illegality". a lawsuit against the foundation will still continue. 0ur north america correspondent nada tawfik is in new york. this has been going on for sometime, at the heart of this is an allegation that the foundations have become a bit of a front for political ambitions, mr trump's political ambitions, mr trump's political ambitions. yes, that's right. this all stems a lawsuit in june which wanted this foundation to shut down along with millions in dollars in payments back as well as the fact that president trump and his three oldest children could not serve in any future new york charities and that's because they say the foundation wasn't properly registered, it had used funds to fur

ryan lance, ceo of conoco phillips -- we spoke about price levels and capital spending.pare back of capital programs. growth will moderate. long-term, it may have impacts on this business. i think it is healthy in the $50 to $60 world. sub $50.orth -- worse by the cost of supply of resources have come down in the u.s., and that is the advantage we have now, that we have built into the system in the u.s. we can make cash flow at $50. not many will make returns. we will. some of our competitors will not. that will attract competitors back into this business. alix: that was ryan lance. santangelo,russ credit suisse, capital markets. he does it all. i want to start with oil. you might be fine at 50, but what about your peers? what are you hearing? russ: i think you'll see a slowing of growth in the u.s. independents at $50. you will see capital budgets fall where there is significant investor focus on free cash flow and driving toward free cash flow. toward free cash flow. you will see companies moderating spending, and that will is production growth in north america. i do n

saying they don't yet have an agreement to cut production and oil prices are dropping sharply we'll take you live to that meeting. >>> and lancestrong speaks to andrew in a candid interview about doping, his reputation, and his new venture fund it's his first u.s. tv interview since speaking to oprah six years ago. it's thursday, december 6, 2018. "squawk box" begins right now. >>> live from new york where business never sleeps, this is "squawk box. >>> good morning welcome to "squawk box" this morning here on cnbc we're live at the nasdaq market site in times square i'm andrew ross sorkin with joe kernen kelly evans is here. becky will be on later >> what? welcome. >> i'm excited about the lance interview coming up, oprah i did not realize this is the first one since that one >> first u.s. tv interview >> why now why you? why? >> we'll show it there's a lot of stuff -- >> he didn't come here >> i went to