. >> i'm wilfred frost. here are your headlines from around the world. >> belgian police are confirming they have fresh raids underway in brussels in relation to the recent attacks in paris and this as the belgian prime minister says that the country is to bolster it's security laws. >> a hawkish fed drives european stocks higher as minutes suggest the central bank will deliver in december. this after wall street has its best day in four weeks. >> and two ipos state side are underwhelming today as jack dorsey's square and the parent of tinder price at the lower end of the expected range. >> shares in green mountain get a kick after 4th quarter profit beats the street and the coffee maker hikes it's dividend 13%. >>> well, brussels police now confirmed to cnbc that they're undertaking fresh raids related to paris in brussels. now media reports that seven separate operations are on going. now let's head back out live to hadley in paris. >> good morning, so what we know so far is that according to belgian media

wilfred is outside westminster with the autumn or maybe we should rename it the winter statement.fred frost. >> thank you very much for that as you say, the chancellor due to outline his autumn statement. i'm joined now by the ceo of wpp. a man that needs no introduction. >> absolutely none. >> great to have you with us. let's touch on the u.k. and today's statement. do you think these ambitions, has the majority of the government gone a little bit to the chancellor and david cameron? >> your words not mine. they think they're in a strong position so probably likely to be more aggressive so when you were talking in the wind up before you said about the election result when they were making promises in the course of the election when they thought they wouldn't get a majority maybe they were a little bit excessive in terms of their ambition. i'm a little bit concerned about the u.k. we have the olympics and european football championships and american election. gdp is going to rise say 3.5, 4 nominal next year. maybe it will be a little bit stronger. so it's not all bad news but the

. >> i'm wilfred frost. here are your headlines around the world. >> european stocks are putting a stop to yesterday's losses despite declines on the dow sending the index back into negative territory for the year. >> lower for longer. the oil glut will keep a lid on prices until 2020 but the executive director tells cnbc a drop off in u.s. shell production should drive the recovery. >> we expect it to recover around $80 around 2020 and we do not think that the $50 for many, many years is a likely scenario. >> citron turns it's sighting pushes shares into the red as the short seller says it's a far worse offender than valeant in the drug maker scandal. >> why would you buy a pc anymore? that's the message from tim cook as the apple ceo says the watch could set a new sales record this quarter. >> we're coming off the worst sell off in six weeks time. in fact, the s&p 500 is down for a fourth straight day. let's check in on the implied open at this point and we're below fair value. so looks like the s&p is goi

thanks lou. >> thanks wilfred. u.k. viewers stay tuned for live coverage of the autumn statement and spending review at 12:00 noon today. that's coming up here on the channel. in corporate news, well s a&p i lowering it's out look on yahoo!. s&p citing prospects for weak revenue growth and rising cost for acquiring web traffic and says it could cut yahoo!'s rating if it continues to lose market share in it's display and search business. yahoo! a little bit lower in german trade today. hewlett-packard's final earnings report shows the challenges the two new firms are split into but they're really there. commercial software and tech services fell in the fourth quarter. a bright spot though, hp enterprise saw an increase in sales of servers. david faber sends this report from new york. >> hewlett-packard showing it's final quarter. split into hp ink and hpe a few weeks back. the big takeaway, hpe, perhaps a bit better than some were expecting in terms of seeing actual revenue growth at least in constant currency while the

wilfred frost is here and talks like you. did you see him in there. >> if that's all it takes, i'll talk to you. >> i'm serious, how much do i need for you to care about my finances. >> we care about all clients and particularly yourself. >> ultrahigh network. >> with respect to ultrahigh network it starts with 50 million swiss franc. the average balance is typically much higher than that as well. >> 50. >> with ubs. >> and the average balance is higher than that. that was the minimum. >> i better stay with whatever. thank you, though. can i dream, right? what if we pool? >> still not going to do it. >> feel free to call whenever you want. >> liar. >> thank you. >> thank you very much. you were laughing -- i knew i could play with you because when i was talking earlier you were laughing. >> i would buy a minivan from tesla. it would be awesome. >> now i'm laughing at you. >> coming up, auto news in a different category. the volkswagen scandal taking a turn for the worst. wilfred frost visiting from london. he'll join us with

wilfred, good to see you. >> my pleasure, guys. >> wilfred frost joining us here in new york. let's get some breaking news on kraft heinz. seema modi. >> kraft heinz announcing the closure of seven manufacturing facilities in north america. laying off about 10% of its total work force. their decision to consolidate manufacturing across the kraft heinz north american network is a critical step in its plan to eliminate excess capacity and reduce operational redundancies. shares down about 1% on the day. >> we were waiting for some of this news to flow out of the company. cost is a way to boost those result. >> let's get to our closing bell exchange for this wednesday. joining us, jonathan is here with us at the new york stock exchange. rick santelli is in chicago, and you know we had janet yellen speaking to the financial services committee on the house today. said we could raise rates. and you did see that as a result in the treasury market. >> janet yellen's testimony trumped all else. look at what the energy market did. even though it's a dollar dominated energy market. i thi

i'm wilfred frost. >> i'm susan li. here are your headlines from around the world. >> not convinced. standard chartered failed to surprise investors. this as they swing in a loss in the third quarter. >> ubs also in the red after the swiss lender pushes out it's profit target. the volatile till is set to continue. >> if you look at the wealth management that kind of volatility for clients is paralyzing and you see it in our transaction revenues which were low but thank god we were able to offset it. >> call of duty meets candy crush. actvision buys king digital in a deal it hopes will expand it's mobile footprint. >> another twist in the road for vw. u.s. regulators expand their investigation into luxury cars dragging porsche and audi further into the scandal. >>> despite an incredibly strong october we managed to get a little bit of gains in europe yesterday and the same is true once again despite a negative open for the stoxx 600. it takes us into 20 basis point of gains so far today. let's have a look at the individu

i'm wilfred frost. >> u.s. squawk box is coming up next.matter how fast the markets change, at t. rowe price, our disciplined investment approach remains. we ask questions here. look for risks there. and search for opportunity everywhere. global markets may be uncertain. but you can feel confident in our investment experience... ... around the world. call a t. rowe price investment specialist, or your advisor... ...and see how we can help you find global opportunity. t. rowe price. invest with confidence. >>> good morning, france launching more air strikes against isis targets overnight. meantime, a man hunt continuing for suspects since friday's deadly attacks. here at home, a major controversy as a growing number of governors declare that they will not accept syrian refugees. on wall street the focus on the consumer. key reports due from walmart and home depot plus a bad, bet gone bad. draft kings and fan dual lose. it's tuesday, november 17th, 2015 and squawk box begins right now. >> live from new york where business never sleeps, this i

. >> i'm wilfred frost.your headlines around the world. >> european stocks are putting a stop to yesterday's losses despite declines on the dow sending the index back into negative territory for the year. >> lower for longer. the oil glut will keep a lid on prices until 2020 but the executive director tells cnbc a drop off in u.s. shell production should drive the recovery. e

. >> i'm wilfred frost.e are your headlines from around the world. >> belgian police are confirming they have fresh raids underway in brussels in relation to the recent attacks in paris and this as the belgian prime minister says that the country is to bolster it's security laws. >> a hawkish fed drives european stocks higher as minutes suggest the central bank will deliver in december. this after wall street has its best day in four weeks. >> and two

. >> good morning, wilfred. right now police confirming that at least one person, one terrorists remains in the apartment that has been the focus of this on going raid since around 4:30 a.m. this morning. five people have been arrested. one woman killed herself by detonating an explosive vest. earlier today during this raid. we also know that police and military personnel are swarming that area that they're trying to keep journalists out of the area. they told everyone to stay inside of their homes. they closed down schools in the area as well trying to keep people safe. this is a bigger question about the new security measures that the president wants to put in place. later today they'll be debating this at the assembly. they'll be trying to decide whether an emergency state will be in for another three months in france and what new tools that will give to security and intelligence personnel. >> two paris bound air france planes from the u.s. were deverted last night due to bomb threats made from the ground. on

wilfred, thank you. now to washington news. a growing number of u.s. governors declaring they will not accept syrian refugees. >> as governor of the state of texas i will not roll the dice and take the risk on allowing a few refugees in simply to expose texans to that danger. >> i'll always be willing to at least hear what the federal government has to say, okay? i think as a public official that's my job. but hearing what they have to say does not mean saying yes. >> and even in france john harwood the president talking about changes to the constitution that would change dual citizenship rules and other things so following something like friday maybe not a total surprise to see this. i was more, i thought john you might talk about that press conference, the rather contentious press conference the president was objected to yesterday. i even saw some tweets that said the media, even the mainstream media was actually turning against the president yesterday on some of the analysis of how that went? that he was thin skinned and snapped at some reporters. i

wilfred frost. all the ladies in the office are on twitter because you're so tall. >> facebook.ody's ever a took but they're a twitter. >> the height has been mentioned everywhere i've been. maybe british people are taller than americans. >> there we go and worldwide exchange anchors perhaps. >> bank of england later this morning. >> yeah, it's in ten minutes time t decision and things are shaping up in the u.k. similar to the u.s. we almost have the data there ready for a rate hike. i don't think we'll go before the u.s. but we have blowout manufacturing pmi on monday. that was a 16 month high. services pmi which is more important in the u.k. unemployment on most counts has been low for awhile. the issue really remaining for the u.k. is inflation and don't forget the bank of england has a single mandate, just inflation and no unemployment in that mandate and really the inflation issue is down to the euro zone because it's a high correlation between euro and sterling and domestic inflation in the u.s. and what's happening at the moment is we're importing deflation from the euro

now to london, wilfred frost joins us with with the early european trading.> hey, becky. very good morning to you and as you can see a sea of green behind me. we have the broader stocks 600 in europe up over 1% today. let's get to the individual markets. it feels like wall street is taking the global lead this week. on monday we had a wall street surge that carried through to us on tuesday and yesterday we had a wall street surge which carried through to europe today. we can ee about 1.5% for germany. a descent return for the ftse 100 as well. europe leading the charge. minor developments on the paris story today. some stories too but in general we're following the u.s. lead. i want to point to the bond market as well. interesting moves there. the spread between the u.s. and german 10 year now 175 basis points. the ten year in germany below 1 plt 5%. let we're in negative territory not just for the 2 and 5 year but the 6 year also in negative territory. it highlights how much people are expecting more easing in december almost as strongly as expecting tighten