for "nightly business report" i'm simon hobbs. >>> we ginl market focus with another retailer postingpointing results. dillard's saw sales fall. the department store chain said demand was down in its men's clothing and home and furniture units. shares fell nearly 6 1/2% to 72.52. liberty global has agreed to purchase the caribbean cable operator cable & wireless in a deal worth more than $5 billion. that move will help liberty expand in the emerging market. shares of liberty global fell nearly 3% to 44.10. >>> and the television company -- media company media general has rejected a nearly $2 billion buyout offer from nextstar but said it is still willing to engage in merger discussions with the firm. this comes after a nearly $2.5 billion bid from media general for meredith corporation. media general fell a fraction to 15.38. next star rose 1% to 58.63. and meredith corporation was nearly 2% higher to 45.87. >>> constellation brands says it will buy ballast point for about $1 billion. it will give constellation a stake in the fast dwroeg craft beer market. shares rose to 125.36. urban

. >> and let's bring in simon hobbs. about five minutes away from the close in europe.ow's it looking? >> it would be brussels. brussels of course is on lockdown for terrorist investigations for day three. no wonder some of the travel and airline stocks are lower. they're leading the decline. it's actually the data in europe was quite good today. the pmi rising to its highest in 4 1/2 years. good growth in germany. the periphery of europe really racing ahead. doesn't mean to say in eight sessions the ecb won't double down on qe. that's the focus of the foreign exchange markets. the euro managed to resist a break below $1.06 today. even as we speak, we're back down at that level. within the last hour, the uk prime minister, having returned from paris, has been detailing the long spending list that he now has for uk defense after he indicated he would divert another $18 billion into defense spending. he's promised a new fleet of terrorist surveillance drones that will fly to the edge of outer space he says. the bigger hot button issue will be wednesday when a similar figu

simon hobbs, back to you. >> thank you very much, rick. >>> let's not forget it's been a big week forts today. not without some controversy. bob pisani has more on that. >> it's been a tough week. it happened again overnight. we were pricing three ipos, two didn't make it. we did price duluth holdings, the maker of buck naked underwear, outdoor apparel. that price $12. the price point was $14 to $18. truck hero which makes accessories for trucks, postponed. noble mid stream, master limited partnership from noble energy, postponed. they couldn't price point. look at what happened yesterday, the ipos for the week. square priced at $9. the price tack was $11 to $13. that's trading up again today after a good day yesterday. match group priced at $12. price talk was $12 to $14. that's the low end. it, too, up 25%. mimecast which did not get a lot of discussion, a security firm, that priced at $10. that is trading up modestly. we have nice pops in the two major ipos, match and square. there was a sigh of relief when that opened at $11.20 yesterday if it would have opened at $8, you would ha

simon hobbs, back to you. >> thank you very much, rick. >>> the dow is now down 11 points as we awaitellen's testimony. behind those headline figures, the adp figures which were strong today. the dollar figure is much stronger. art cashin joins us on set. art, good morning to you. >> good morning. >> this is the financial regulation panel. we know that. they're within their rights to ask questions about the economy. this is the first time she's been in public since last wednesday when they put the possibility of a rate hike in december firmly on the table. explicitly on the table. the view out there seems to be if she wants to cement that, to change the problemibiliability they'll do something in december, now is the opportunity. >> today is an ideal day, you have yellen speaking, then dudley, then, of course, fisher after the close. it is assumed that fisher will adhere to the line that december is a possibility. dudley possibly will. he may be the wild card. it's interesting to see if congress decides to ask her would you like to comment on monetary policy. is it your view if they t

. >> simon hobbs. when we come back, an inside look into how popular the revamped apple tv was. >>> good morning. here is your cnbc news update this hour. the national transportation safety board says it's found the wreckage of the ss el faro. sonar images appear to show the cargo ship in one piece. it sank with 33 crew members on board. >>> ships remained docked in greek ports as they walk off the job in a 48-hour strike. they're protesting against further pension cuts and labor reforms agreed to with greece's international lenders under its bailout deal. >>> former president jimmy carter participating in a habitat for humanity event this morning in memphis. he was joined by his wife and country music stars garth brooks and his wife trisha underwood. the 91-year-old carter announced he had been diagnosed with brain dancer. >>> a rescue effort in france to save four of 10 whales found washed up on a beach. firefighter using hoses to prevent the whales from dehydrating. the four survivoring wales were s

. >> thank you very much, simon hobbs. we are live on the ground in paris with the latest there waiting for the french prosecutors to hold a news conference at 1:00 p.m. eastern time. dow close to session highs. up 126. the s&p up almost 15. we're back in a moment. being a keen observer of the world has gotten you far, but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> good morning. i'm sue herrera, and here is your cnbc news update this hour. it said it originally planned on down aing western plane, but changed a russian target after russia began its air strikes in syria. russia releasing video showing what it says are long-range bombers carrying out a massive air strike on isis targets in sear wra

simon hobbs.hen we come back, the president set to speak on the keystone decision in about 15 minutes. meantime, as square sets its ipo range hfd the road show next week, the one and only kara swisher will join us next. or the freedom to choose what doctor you want to see. so if you have medicare parts a and b, consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, these let you choose any doctor who accepts medicare patients. you're not stuck in a network, because there aren't any. plus, these plans help cover some of the part b medical expenses medicare doesn't pay. so why wait? call now to request your free decision guide and find the aarp medicare supplement plan that works for you. like all medicare supplement plans, you'll be able to stay with the doctor or specialist you trust, or look for someone new - as long as they accept medicare patients. but unlike other plans, these are the only o

simon hobbs. when we come back, a rough day for united health. good for a 36 point drag on the dow. we'll tell you why that's happening in swromt. >>> hello. i'm sue her air wra. here is your cnbc news update this hour. israeli police say two israeli men have died after a stabbing attack in an office building in tel aviv. a palestinian suspect has been arrested and a search is on for a possible accomplice. 16 israelis and 82 palestinians have died and renewed violence over the past two months. >>> president obama meeting with canadian prime minister at the apex summit in manila. he also spoke with frez hollande. >>> belgium prime minister announcing a $427 million package of additional anti-terror measures in the wake of the paris attacks. belgium police detained nine people in a series of raids earlier today. >>> massachusetts attorney general heel where i says the state will prohibit people under the age of 21 from playing paid fantasy sports games under a proposed set of regulations. it would also prohibit professional athletes in taking part in any fantasy contests. you're up-to

welcome back to "squawk on the street," i'm carl quintanilla with david faber and simon hobbs.ive. dow trying to get there, down three, four points. apple is the laggard today as credit suisse cuts their earnings estimates. let's get to rick santelli with breaking news on wholesale trade. >> september read on both inventories and trade on the wholesale side, but they're both the same. up 0.5% on both. this is larger than expectations by a long shot. expectations were close to unchanged. some revisions to mention. last month on the inventories, 0.1 is now the number versus -- excuse me, 0.1 original, 0.3 now. down 0.1 on sales, now down 0.9. on inventories that half of one percent comes back to the best number of the year, 0.7, in june. kind of interesting. sales comps had the best read of the year as well, except it was april, 1.7. we'll continue to monitor these. who's having the best day? the dollar index, up about a half cent. carl? >> thank you very much. >>> as we said, the markets are mixed today. our next guest says companies are high cash return strategy also outperform

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs, david faber. we close out november today. trying to get back-to-back positive months on the dow for the first time since the spring, not getting off to a good start as the chicago pmi number comes in lower than anticipated. impending homes at the moment. let's get to diana olick with that. >> impending homes basically flat. up 0.2% compared to september. the street was looking for a 2.5% gain. that's a miss. still up 3.9% from october of 2014. this index measures signed contracts, not closings. so a forward looking indicator for closings in november and december. these were home owners who were out shopping in october. you may recall we got a disappointing drop in closed sales in october. after a relatively strong spring, fall sales not hot. the number of listings in october was down 4.5% from a year ago. usually we see more listings come on in the fall. it's not happening. higher prices are the culprit. would think sellers want to take advantage, but they can't afford to buy that step up house o

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs, david fabere upgrade of apple helping things. oil steady. housing starts had some good news, though overall a disappointment. keeping an eye on crude. >> we start with the latest in france. police raiding an apartment while hunting the suspectses of the architect of the paris terror attacks on friday. the operation ending with two dead and seven arrested. michelle caruso-cabrera is live in the suburb of saint-denis with the latest. >> reporter: we are on the street where that raid took place overnight. it's about seven buildings down on the left. you can see police cars in front of it. for the last several hours we have seen police, crime scene investigators going in and out of the building removing items. there was video taken at the scene soon after the raid began, roughly at 4:30 in the morning. the video recorded the hail of gunfire that went on for some 15 minutes according to people who live in the neighborhood. [ gunfire ] then there was intermittent gunfire. at one point an explosion for

i'm david faber, along with sara eisen, simon hobbs.et's look at the markets and oil as we are a half hour into trading. not much going on in terms of -- not supposed to say that. you're supposed to say a lot of activity not resulting in many moves. crude is down 1%. off the lows of the morning, after perhaps some comments from the saudis or as reported by bloomberg saying they're looking for stable oil prices. >> you would expect the price to go up on that. >> it did go up from where it was. >> oh, okay. okay. our road map starts with a deal, the deal in healthcare. the largest pharmaceutical company being created in the world and a big debate over taxes. pfizer and allergan's $160 billion merger is official. but ceos will join us for an exclusive interview in moments. >> plus belgium remaining on lockdown. more arrests overnight. authorities still warning of possible imminent attacks. >> and it's a big week for retail stocks. will it make or break the quarter? >> first, we have breaking economic news. let's get to diana olick with the

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs. in the dollar has the highest expectations for a rate hike since 2007. with that, the dow is down almost 50 points here. s&p back to 2089. >> our road map, the october jobs number coming in way above expectations. it's the best month of job growth this year. jan hatzius will join us for an exclusive interview. >> cigna out with quarterly recall t results today. >> and the ceo of hain celestial will tell us about the organic food industry. >> we start with big moves across markets to that blow out jobs report. the u.s. dollar is surging. check out the euro, plummeting back down to 1.07 against the dollar. looking at a 1.3% move. that's a big one. rising odds that the federal reserve will raise interest rates as soon as next month. gold is getting crushed. short-term treasury yields jumping to levels we haven't seen since back in 2010. stocks, as carl mentioned, down. the s&p lower bay half percent. let's bring in diane swann and david kelly. diane, more jobs. more chances that the fed

simon hobbs, back to you. >> that was an interesting conversation. thank you very much.mber monday, tuesday? it has been a roller coaster ride for retail stocks. not just all the way down. we'll talk about that when "squawk on the street" comes right back. who do you work for? your boss? yourself? your family? our financial advisors are free to realize a plan to fit your family's unique needs. we'll listen. we'll talk. we'll plan. baird. >>> a lot of people are focused on gold and where we are at the moment, as you can he see. to be honest with you, the main swri rags seems to be. >> within retail, macy's way on the sector clearly this week in the wake of what they said where heed. kohl's today pushing higher. courtney reagan has more on that. hi, courtney. >> hi, good morning, simon. well, kohl's results reemphasize what many have said for some time. you paint all retail with the same brush. mace where i's was the out performer and polls lagged, but for the third quarter results, that leadership has flipped. kohl's beat wall street for comparable sales. the retailer sai

welcome back to "squawk on the street," i'm carl quintanilla with simon hobbs and david faber.the week. dow down 133. biggest drop since october 14th. s&p biggest drop since october 13th. some of that goodwill from friday's job number is in the rearview mirror. >> shares of priceline falling thanks to a weak outlook. but the company is looking to take on better airbnb. >>> plus norwegian cruise lines looking ahead to its next chapter as it christians its newest ship in miami in a moment. we'll go there live to talk to the company's ceo. stocks falling today but still on for a six-week winning streak. the fourth quarter looking to be the strongest quarter in the last two years. find out how you should be playing the markets. >> coming up later, perrigo urging shareholders to reject the offer from mylan. the ceo will be live at post nine for an exclusive interview in a half hour. >> the ceo of priceline is calling out airbnb for the first time publishing figures to demonstrate it built up as many as three times apartments and villas to rent and all instantly bookable online. pric

i'm carl quintanilla, along with sara eisen, simon hobbs, dow getting close, almost back to break evenr. jobs friday later in the week, adp claims, auto sales and a lot of earnings from facebook, tesla and media companies. let's get to rick santelli with breaking news on ism and construction spending. >> let's start with all this in terms of september construction spending. up 0.6. last month's up 0.7 is unrevised. the weaker read for the year was the first, 0.1 in january. this comes back to the next lowest level to july, up 0.4. let's go to the steak and potatoes. looking at the october read for ism, 50.1. this is interesting. it now makes a new low of the year. prior to this, the weakest month was 50.2. when was that? that was in the rearview mirror. now we have go back to 2012 where the last read was 50, on the screws. if you wanted to get a weaker number, it's predecessor was the last time we were under 50 at 48.9. let's go to some internals. the employment index, fell below 50. 47.6 versus 50.5. new orders, a little good news there 52.9 versus 50.1. carl, simon, gang, back to you

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs, and davidaber. geopolitics the name of the game. hollande meets with the president. a russian jet shot down on the turkey/syria border. emergency nato meetings. crude not surprisingly up almost 3.5%. rick santelli with some reads on consumer confidence. >> not necessarily a good one. this is our 11th read, november read for consumer confidence it marks the lowest read of the year. 90.4. we were looking for 99.4. 90.4 comp backs to the last time we were under 90, 89 and change from september of last year. so, this is not a good read. last month did get a revision to where we hope this month would be to 99.1. now, i don't normally cover richmond fed aggressively. a lot of the regionals. some people pay attention. some don't. this is interesting. minus 3, which means it's the third negative in a row. it happens. but it doesn't happen often according to my research. last time we had three minuses in a row was mid 2012 for the richmond fed. definitely a couple misses here. we want to watch how stock

welcome back to "squawk on the street," i'm carl quintanilla with david faber, simon hobbs. relatively flat action as we get disappointing numbers in retail, ie macy's. retail sales in china come in okay. looking at copper at a six-year low and the dollar maybe set for correction. >> huge day today with alibaba and mcdonald's ceo ps. tomorrow, we have john malone from the company's investor day. >> right to mcdonald's, steve easterbrook speaking out on this show earlier about the decision to increase the dividend and share a buyback plan. >> we've been buying back any way. we've been buying back through the '90s. that's been smart. the reality is the business was not in the shape it is today a year ago. it may not have been the right decision to make. it would not have been viewed for the right reasons. now we're confident in the underlying momentum of the business. weir confident in our plan force 2016. that means that the timing with interest rates where they are, the strength in the balance sheet, and our outlook on trading, just a smart business decision. >> big deal whe

welcome to "squawk on the street," i'm carl quintanilla with kayla tausche, simon hobbs, david faber.cisco's ceo will join us, talking about the quarter and the outlook. happy friday 13th.