cnbc's jackie deangelis is at cnbc hq for us in the united states. jackie, a good year for wall street for bankers? that seems unlikely. but why? >> well, it's interesting, ross. wall street bonuses forecast now to rise about 5% to 10% this year. that's according to a new report by xain compensation consulting firm johnson associates. so not so bad. that would mark the second straight annual increase as the sector continues its slow recovery from the financial crisis. now, top executives at wall street banks and firms, they could see bonuses at the low end of that range, so rising about 5%. however, johnson says there's a wide disparity in payoutes and that's interesting. it depends on what you do for a living within the industry. people in low risk, fee heavy businesses, they are going to likely get bigger year-end bonuses. johnson saying this group includes the asset managers, financial advisers and underwriting investment bankers who could see bonuses just as much as 515%. now, those who work in the volatile and risk heavy businesses like bond tra

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keep it here on cnbc. we'll also, for uk viewers, have the latest on the bank of england's quarterly inflation report. bye for now inspect. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> good morning. jack lew says the s.e.c. is moving in the direction it should and he still supports the strong dollar. >>> plus, a painting, the tri something or other, fetches $142.4 million. and it's not even sigmund freud. it's one of the biggest auctions in history. >>> and elan musk breaks his silence. the tell us tesla ceo says the automaker isn't recalling model s cars. it's wednesday, november 13th, 2013. 11- 13-13, which means nothing. "squawk box" begins right now. >> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. the treasury department will release figures for september. speaking to cnbc asia earli

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cnbc's sri is with us in manila for the latest. sri, how difficult is it for the rescuers to provide the aid that people need? >> extremely difficult, ross. let me give you an example of this. the icrc as a preemptive step two days before the typhoon hit on november 6th dispatched a convoy of relief trucks. and they still have not arrived. so just under a week after the disaster struck, they still have not arrived. and that is because they are stuck because of downed bridge and they are very close. they're 15 miles away from the affected areas. this is goc to be an agonizingly slow process. people are getting frustrated, angry, thirsty, lacking shelter and an aid official told me in manila not too long ago that this could very well translate into security issues. she did warn me that there is a possibility that it could resurface if these people are not given the aid that they need. what could change and accelerate things is the deployment of the uss washington and the support of six otherships and they carry with them, of course,

as i said, it is a huge day here on cnbc. we've been hearing from some of the biggest names on wall street at the annual deal book conference in new york. kate kelly is there and kate, why don't you run us through the biggest headlines we've heard so far? >> i would love to, mandy. it's been a fascinating day here at "the new york times" building at the deal book conference and one of the highlights was andrew ross sorkin's one on one with dan loeb the founder and manager of third point which is one of the best performing hedge funds this year. he let us in on a secret sauce in terms of his ongoing bullishness on japan and specifically the stock sony. he's had trouble with sony while the stock has gone way up this year some of his activist measures haven't played out as expected. at the same time he said he's still bullish that economy and the stock let's take a listen. >> we remain bullish on japan. we wouldn't have made the sony investment if we didn't support abe and everything that they're doing, you know, politically, ec

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j joining me now in a cnbc exclusive is carl berg. good to have you on the program. >> thank you. >> almost a year ago you sold your real estate portfolio for $1.3 billion. now you run berg & berg and backing a number of interesting technology companies. why did you put your exposure to real estate as much as you did? >> well, i'd been in the business for 45 years. just felt it was a good time to get out. during that entire time i've been in venture capital. my first real estate deal was actually a venture capital deal where we invested in the company that leased our building. so, i've been doing that for 45 years. >> where are you seeing the opportunity in venture capital right now? i know you're in life sciences. how big is the opportunity? what are you seeing? >> i think it's absolutely huge. the company that we have, berg, basically has the opportunity to revolutionize health care. >> i love this idea. i've been looking at the idea of sensors very closely, inserting a sensor into your bloodstream and it will alert you to when you'

when "60 minutes" on cnbc returns. (watch ticking) have hail damage to both their cars. ted ted is trying to get a hold of his insurance agent. maxwell is not. he's on geico.com setting up an appointment with an adjuster. ted is now on hold with his insurance company. maxwell is not and just confirmed a 5:30 time for tuesday. ted, is still waiting. yes! maxwell is out and about... with ted's now ex-girlfriend. wheeeee! whoo! later ted! online claims appointments. just a click away on geico.com. king) >> stahl: the ancient wisdom that there's a sucker born every minute has been especially pertinent given the financial disasters of the past few years. so it's time for a short and painless test. are you sometimes just too trusting? do you invest in things you don't really understand? are you also a bit greedy? then you, too, could be suffering from pigeon fever. pigeons, just so you know, are what conmen call their victims. in the wake of bernard madoff's massive fraud, where the former financier cheated investors out of

back over to you, ross. >> it's a cnbc exclusive. you can't watch it anywhere else, that attempt on the world record. i grew up about 10 minutes away from where you are. i don't remember being able to do that to turkeys, though. they love them. >> you should have have learned. that's a very, very useful thing. >>> we have the world record holer in plucking and carving. if that wasn't enough, i'll be joined on set by nicki foley head chef at the rotunda here in london. he's going to show me and i'm going to show you how to prepare the best turkey dinner. >>> meanwhile, china is on its way to becoming the second biggest carbon market globally as it looks to cut co2 emissions nearly in swrarn. we'll be in hong kong for the latest. we'll talk about it. >>> beijing wants to clean up the industry to consolidation and new reforms. china's state council says smaller mines will be phased out and a freeze is being put on new ones. fines will be raised for breaching new rules and unsafe mines will be closed. the industry has been losing money.

cnbc is the exclusive broadcaster of that event. kate kelly is there live with highlights of fascinating conversations. kate? >> thanks so much, sue. i would say that within the last hour or so, things have taken a decidedly more bearish tone in terms of the global economy, especially leading off with blackrock ceo lawrence fink. fink talked about a number of issues, among other things wants the fed to start tapering as soon as december and predicted a significant leg down in the coming months and emerging markets, 12 to 15%. he expressed concerns as well about what's going on in various economies around europe. let's take a quick listen to that. >> there's greater and greater pressure on the french government today to create some reforms. just downgraded. i don't think in ten year's time we're going to have a euro if we don't have a strong france and germany. it's predicated on two very strong currencies and the competitiveness of france is still deteriorating. >> in the view of fink, the future of the euro hangs still much in the

auto show and cnbc is all over the hottest cars or phil lebeau is. he's on-site with the first on cnbc interview with the ceo of volkswagen of america. phil? >> thank you, tyler. i'm here with jonathan browning the gentleman who runs volkswagen of america and we're standing in front of your newest vehicle you unveiled the e gulf, e for electric. how much due mand is out there in your opinion in terms of electric vehicle? >> the electric vehicle demand is a small minority of the total market price but it's growing. for example, in our long-term planning we're only assuming 3% of our total sales by 2018 will be electric, still a small minority. >> let's show everybody the e-gulf here. you get 70 to 90 miles the first 70 to 90 in terms of the range there, electric. is the market right now saying, i need more range? do you still see the range anxiety question out there. >> that's certainly an issue but the role for this is specifically in terms of a commuting vehicle and people who know roughly their travel patterns and this is a vehicle that you can adj

thank you for 20 amazing years on cnbc. i won't give you a long and mushy goodbye. especially since i've been getting choked up all day. but i still must extend my love and thank you to many as this is my last broadcast on cnbc. after 20 plus amazing years, i will be moving on to my next chapter. thank you first to all of our viewers, who have inspired me with your support, your curiosity, your challenge, love your challenge. and your passion. i hope you will stay in touch with me on twitter and on google plus until i announce my next stop. and i will be doing that shortly. thank you to my colleagues, my dear friends, the producers, directors, the cameramen in the field and in the studio floor directors, that's you, brian, that's you, manny. lighting audio, editors, tape editors, writers, bookers, segment producers, that's you, donna, makeup pr hr everybody who comes to work every day to win. it has been an honor and a privilege to work with you. thanks in particular to the closing bell team led by gary and before him lulu chang, you have been the team to beat in bu

as far as the ftse cnbc global 300 is concerned, it's firmer. european equities fail to go build on the gains we saw in asia, as well. the nikkei up at six-month highs. back over 16,000 for the first time this summer. the ftse 1100 yesterday was up 36 points. it's up another 21 this morning. we're flat for germany and france and indeed the ftse mib is down 0.75%. so at the end of this week, janet yellen comments, what are investor to do is a recap of some of the thoughts we've already had on cnbc today. >> i would argue yes, emerging markets do look interesting. and i would actually look -- i mean, let's focus in on the u.s. markets, for instance, of the capital goods. there, you've had a lot of underinvestment and anything related to investments i think will be welcome. >> there are headwinds. would i add emerging markets starts here. well, it certainly has been quite right to stay out of it. but in the world where mrs. yellen is going to continue to do nice things for investors, i think we will probably see rotations from emerging markets. >>

the cnbc ftse global 300 is currently down 10 points. european equities have been somewhat mixed today. and we're currently down 0.1% for the ftse. a little bit more for the xetra dax. the cac 40 is down 0.3% as well as the ftse mib, as well. >>> twitter's ipo ratio is entering its final leg with the social media firm visiting chicago today before heading to the west coast. and eventually ending back in new york. pricing is expected next wednesday and trading then on thursday. patrick keen is president of share through and advertisen technology platform. he joins us from new york. patrick, thanks so much indeed for joining us. twitter is going to have an $11 billion valuation. is that easily justified? >> yeah, i think so. especially when you look at facebook's valuation. they're about 10% of facebook's valuation, which is over $100 billion. so i think if you even look at a comparison to facebook, twitter is certainly well priced and is certainly of fair value, for sure. >> the critics will say, look, twitter has a narrower appeal than f

. >> welcome to 60 minutes on cnbc. i'm steve kroft. we live on an increasingly endangered planet, from the glaciers of antarctica to the rich prairie lands of canada. and the ultimate disaster may be financial as well as environmental. later in this episode, scott pelley reports from antarctica on the wide-ranging effects of global warming. and later bob simon has a story from canada on the environmental damage caused by the next great oil rush. but our first story involves a controversial waste product that could have damaging effects on the environment. there are more than 600 coal-fired power plants generating electricity in the u.s., and those plants produce 130 million tons of waste called coal ash. it contains concentrations of mercury, arsenic, lead, and other toxic materials. and as lesley stahl first reported in 2009, when coal ash is dumped into wet ponds--and there are more than 500 of those across the country-- the result can have an enormous health risk on the people living in nearby communities. >> we get about 48%, nearl

welcome to 60 minutes on cnbc. i'm lesley stahl. we'll be exploring the world of science in this episode. later we'll bring you morley safer's story about the human genome patents being awarded to biotech companies and the proprietary control they now have over part of who you are. and then my report on a ubiquitous chemical called phthalates, which is in everything from perfume to children's toys, but which may also be causing birth defects. but first, steve kroft's story on the enormous amount of money being spent to treat people as they approach the end of their lives. how much money? well, in 2009, medicare paid $55 billion for doctor and hospital bills for patients as they approached the last two months of life. to give you some perspective, that's more than the budget for the department of homeland security or the department of education. and as we reported in 2009, most of those bills were paid for by the government with few or no questions asked and with an estimated 30% of the treatments having no meaningful impact. >> ms.

stay with cnbc. "fast money" begins right now. >> live from the nasdaq in new york city's time square, this is fast money, america's post market show. here is tonight's line up. left for dead retail. is it time to take a fly? we're looking for signs of life in the most out of vogue stocks. forget the supply worries and fiery headlines, now george clooney is taking aim saying the car is not

. >> welcome to 60 minutes on cnbc. i'm steve kroft. by some estimates, gambling in this country is a nearly $100-billion industry. it attracts everyone from flamboyant businessmen to nefarious conmen. while the odds are heavily stacked against them, for millions of americans, gambling remains enormously popular, even in these hard economic times. in this episode, charlie rose will profile steve wynn, who many credit with the resurgence of the las vegas strip. and later, lesley stahl will take us to the world of internet gambling, which is against the law, yet is thriving in this country. but first, my report about one of the biggest scandals in the history of online gambling. a small group of people managed to cheat players out of more than $20 million, and it would have gone undetected if it hadn't been for the players themselves, who used the internet to root out the corruption. as a joint investigation by 60 minutes and the washington post revealed in 2008, it raises new questions about the integrity and security of the shadowy and

the secretary general spoke to cnbc's first off the back of that report. we also asked him to weigh in on the nomination of janet yellen for the fed championship. >> i think she makes a lot of sense. she's a good communicator and she -- i think helps people understand what is indeed a very complex tradeoff and complex situation. but there are a number of things about so-called tapering. it means they have been supporting the united states economy and by doing that the rest of the world economy. by keeping interest rates low, first as a policy and then by going and buying the debt. okay? but you cannot imagine that this situation, buying 1 trillion worth of -- 1 trillion worth of debt or mortgage every year could last forever because, you know, you cannot be inflating the fed's balance sheet at a trillion per year forever. and the other thing is, it was predictable, it was inevitable, and in a way desirable that they stop doing this because it means we're back to normality. >> now, mobility, meanwhile, is the name of the game for the telco stock which is ho

welcome to "squawk box" here on cnbc. i'm becky quick reporting live from new york today where we are attending the 22nd annual barron investment conference. it's taking place at the metropolitan on opera house. how often do you get to see you have live at the metropolitan opera house. our guest host today, ron barren. we have a lot to talk about with him. ron, thank you so much for being here today. >> thank you, becky. >> we will get to all of that in just a moment. but first, joe and andrew are back at cnbc headquarters. republican old wolf will join us from the weather channel with the latest in just a moment, but andrew, back over to. >> thank you, becky. on the market, the october jobs report. the release due at 8:30

welcome to the start of your global trading day on cnbc. we saw the doe up 0.1% yet, the s&p down 0.1% and the nasdaq crossing 13,000. futures today, just three points above fair value for the dow. about 1 point above fair value for the nasdaq and the s&p is about 3 points above fair value. the ftse yesterday was up 20 points. this morning, it's down 23 points. the xetra dax, pretty flat. not far away from the all-time high we hit yesterday. just above 9,300. just below it at the moment. the s&p/asx is fairly flat today. there's a feeling that the prime minister will stay there. so the index up 0.4%. the shanghai xotit down 0.1%. and the nikkei ending up down around 0.6%. we see some of the pressure of the yen coming up there. slightly negative for the nikkei. meanwhile, european central bank rates will stay low and could even be cut further. that's according to the ecb executive board member benoit couret. he told chloe cho he's not concerned about the threat of deflation, but he did begin by saying he agrees with the bundes bank's asset q

and joining us exclusively now on cnbc is mitch garber, president and ceo of caesars acquisition company, and the ceo of caesars interactive entertainment. welcome. >> thank you, kelly. >> first of all, how important is this five-day trial period to the future of online gambling? >> i think it's quite important. although we've had a couple of months of experience with real money online poker in nevada, it's going extremely well. there are two companies that are currently active and live there doing very, very well. so we've proven the concept in the united states. but i think that each state will have its own conditions and its own tests and i think that new jersey's next five days will be quite important, but we're very confident. >> so what does it mean for your company, ultimately? if this goes ahead and new jersey casinos become the first way that people can begin to gamble online? >> basically, we look at it as the second domino wave in

and wells fargo getting a nice pop after dan loeb here on cnbc revealed his stake in that company. we'll look inside his portfolio and find out what else he owns. that and much more on "the half." [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason

. >> i can't believe today is my last day on cnbc. i'm just -- i'm trying to get my head around this. >> we can't believe it either. you know, i think the markets at this point, back to business, i think the markets are fairly valued. but i agree with what was just said about a 10% upside in the market. here's the key. if you've got profit right now in the market, you need to started taking some of that profit. we've been doing that. you don't want to let them run forever. take profit, reallocate into position that hasn't gone up as much. that's key. >> mark, yields have been rising but you think that's actually a positive. i mean, a lot of people wring their hands of the stock market and say, when the yields start rising, think that will provide too much competition for equities. you disagree with that, don't you? >> yeah, we do. we think the great rotation of money going out of the bond funds and into stock funds is going to continue for quite some time. you know, we like particularly the financials are very attractive right now. as

cnbc's wealth editor robert frank joins us with the details. i guess i should have seen this one coming. >> exactly. >> but really? >> yeah. we didn't really see the numbers coming. billionaires are going crazy for a new jet. it's the g had-650 from gulf stream. this plane was launched last year. oprah and ralph lauren have reportedly ordered one. the status symbol. it has the longest range of any gulfstream about 7,000 nautical miles, super fast, very roomy, the price $64.5 million. people are flipping them for over $70 million. billionaire bernie ecclestone the formula one chief flipped his for over $71 million. that was a profit of more than $6 million. now brokers tell me two other unnamed billionaires have flipped their jets for similar amounts and two more are currently in the works. why would somebody pay $6 million over retail? well, it's time. if you order a g-650 today you won't get it until the third quarter of 2017. for some it's worth that $6 million to avoid the three-year wait. now the g-650 craze thins in stark contrast to the b

cnbc market analyst stacy and chris, retail hardlines analyst at jpmorgan. what's your immediate reaction to this walmart news? >> not totally unexpected. and if you think about doug's background here he's been with the company 20 plus years. he's a lifer at walmart and also has the experience. he's been on the u.s. side, sam's club and international. he has all the memtss to put together that make sense. >> they typically stay in-house when they change ceos, don't they? >> they do. the past two ceos have been within house. i would add that doug adds a lot of polish. ambassador for walmart being ceo, a good merchant, spread around between u.s., sams's and international and very polished. >> where are you on this stock some. >> neutral. >> neutral. $82 price target. >> what would you like to see them do differently than they're doing today to get that stock moving higher? >> i think the best bull case for walmart is if they took another $2 billion out of capital spending, pushed that through to the dividend, maybe acted like a more mature retailer in the u.s.

call me at 1800-743-cnbc. stocks cannot live on growth alone. you need growth, plus execution. you need for your business to hum without a mistake. because if your stock is expensive and it screws up or even if another stock in your cohort screws up then it's katie, bar the door. as we saw today when the nasdaq was down due to guilt by soef,. the dow is also down and too much growth in the nasdaq. consider this show on the eve of twitter, the public servant announcement about anything less than flawless execution. one that extends to twitter and we await the pricing, an we'll bring you the latest as soon as we have it. today we saw exhibit "a" of a need for a growth stock to execute. tesla. what gives? how could the stock report better than expected earnings and yet get crushed. falling down to $151.16 a share? simple, simple as looking at this bald head of mine. it has no hair. in the world of stocks no hair is beautiful. especially when the stock is expensive. there are only a few stocks that are expensive, but tesla is valued at a cultish $18 billion level. even as it might

the cnbc ftse global 300 up 0.2%. we've had more better data out of the uk today, industrial output coming in stronger than expected. that boosted the pound. xetra dax is up 0.3%. the cac 40 up 0.el%. the ftse mib up 0.6%. take a look at where we are with bond rates. treasury yields a little higher. just under 2765%, the yield on the ten-year. and on the currency markets, euro/dollar, off that seven-week low. up around the 1.35 level on euro/dollar. we move that on for you. you can see that. just wait for it to happen. there we go. thank you very much. sterling, firmer again today. we have the strong services pmi data, better dey data out again today, up over around 1.61. aussie -- slorl steady at 1.65. so let's get more on what's been going on in asia overnight. li sixuan has the details out of singapore. sixuan. >> thank you, ross. asian markets modestly in the green as uncertainty about the set tapering undermines sentiment. china markets lost ground in late trade while investors remain cautious ahead of the policy

i'm scott cohn in the cnbc newsroom. 9:30 west coast time, 12:30 eastern time there were reports of shots fired in terminal three at lax. that's the terminal that serves aleen allegiant, front tier, jetblue, virgin australia. what we know we believe what people have been injured. there are multiple reports about the suspect, whether he or she is injured, in custody or whatever. as you've seen from knbc there is a triage unit being set up outside terminal three and it appears as if air traffic at lax is shut down, so that's yet another effect of this, as it continues to unfold. let's go back now to more live coverage from knbc. >> -- with you right now we want to connect with nick hugh, we're told he was at the airport at lax when this shooting occurred.

but first, joe and andrew are back at cnbc headquarters. republican old wolf will join us from the weather channel with the latest in just a moment, but andrew, back over to. >> thank you, becky. on the market, the october jobs report. the release due at 8:30 a.m. eastern time. the reports polled saying the economy likely added 120,000 jobs last month. that's the estimate and the baseline to play against. the employment rate is seen ticking higher to 7.4% and the numbers expected to show the government shutdown delayed hiring and forced some workers, of course, to stay home.

he'll join "halftime" in a "first on cnbc interview" tuesday at noon. >>> the top three trades now. united, continental. cut to underweight from equal weight over at barclays today, stating delta is now the better play in that space. weiss? >> i don't think that's anything new. i think they're late to the party. i love the group -- the entire group, ual happens to be my least favorite. favorite remains american and u.s. air. >> priceline is in the green today despite disapointing guidance and separately the company is going to split the chairman and ceo roles, as well. what's the trade here, guys? >> well, i still look at this stock, scott. and this is one of these you look at the q3 numbers they put up, they crushed. this is not an overly priced stock right now. very much like expedia. i they'll both have room to the upside. >> all right. and the gap today? that's an interesting story, too. jumping after reporting better-than-expected third

first on cnbc interview. what did he mean recently when he said the markets are stacked against the little guy? don't miss that interview coming next. >> later -- is tesla considering recall of model s calls to prevent more battery fires from breaking out? we'll hear from the man himself, elon musk, coming up on the "closing bell." americans take care of business. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you. ameriprise financial. more within reach. >>> welcome back on the floor with bob pisani. dennis lockhart taking some wind out of the sails here. >> my sense is the trading community has beencying on their hands. complacency is very high. look at the vix. you think people would be panicked, interest rates going up. it's go

a new cnbc poll shows investors are not sold on twitter as a stock that is -- especially the young people who use twitter the most. we thought that was interesting. so, why did the company just dramatically increase its ipo pricing range today? take a closer look. ahead of the big deal coming to market this wooeleek. should you buy it when it comes to market thursday? >> google outraged it may have been spied upon by the nsa. but someone -- one of our guests is asking isn't that what google does to its users? is that a fair comparison so make? after all, google does have a user agreement. people accept it. nsa doesn't have a user agreement i know of but we have both sides of the issue coming up. >> fascinating, actually. let's check the markets as we approach the final hour. dow jones is in positive territory but off the highs. up 14 points on the industrial average. it has been a slow creep higher for much of the day. nasdaq nasdaq, similar chart pattern with gain of 10.75, 3932. and s&p 500 up 0.25%. dow and nasdaq creeping back toward all-time highs. bob pisani what's moving things up?

we have the latest on that from cnbc's mary thompson, just ahead. vo: two years of grad school. 20 years with the company. thousands of presentations. and one hard earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my investments? there's zero chance of that happening. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want. talk to us today. diarrhea, gas, bloating? yes! one phillips' colon health probiotic cap each day helps defend against these digestive issues... with three strains of good bacteria. [ phillips' lady ] live the regular life. phillips'. >>> hot >>> hot story. twitter priced at $26 a share. it's going to start trading tomorrow morning. our own mary thompson joins us now with the details. good evening, mary. >> good evening, larry. of course, a long-awaited pricing of the ipo, as larry said, pricing $26 a share, above the stated range of $23 to $25 a share. as $26 twitter will raise $1.82 billion, selling 70 mil

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here on cnbc, first in business worldwide, i'm joe kernan. our guest host this morning jim bullard, many from president bullard -- sounds pretty good. doesn't it? >> thank you, man. >> yeah, you're welcome. first, though, becky has your morning headlines. >> s.a.c. capital is expected to complete its deal with government prosecutors today. the firm will settle charges with the guilty plea to securities fraud and a $1.8 billion fee if you include the $616 million they've already paid to the sec. as part of the plea, s.a.c. will lose the investment adviser administration with the sec. kate kelly has been following the story and will join us later in the hour. >> unbelievable story. it's the end of a soap opera and maybe a continuing soap opera. also, a number of events of note, tomorrow, we get the release of this year's most anticipated video game. that's going to be hitting the stores. it's the latest installment of the call of duty series which has sold over 100 million copies. twitter expected to price 70 million shares for as much as $20 e

welcome to "squawk box" here on cnbc. i'm becky quick along with andrew ross sorkin and brian who is in for joe kearnen. we're watching oil prices. if you take a look you'll see wti is down by 1.r5%. that's a drop of 1.37 to 93.47. checking out what happened with brent, that's a big drop. down by 3.8%. brent down by about $2.90 the last time i looked at it. we'll continue to take a look at that. it looks like it's down by $2. 109.05. not everyone is cheering. there is skepticism in washington. nbc's tracie potts reports from capitol hill. >> the burden is on iran to prove to the world that its nuclear program will be exclusively for peaceful purposes. >> reporter: the agreement calls on iran to stop building a nuclear reactor and reduce its stockpile of

cnbc is going to have the news first with the best coverage and analysis. you don't want to switch the channel today as we await the twitter pricing. >> also a new list that's getting a lot of attention today. cnbc ranking the priciest neighborhoods in america. now, we won't give you too much of a hint yet. but i can tell you the least expensive market in america is cleveland, ohio. >> you know, i didn't know that, wow, okay. >> so think, what is the opposite of cleveland? just in terms of price? it's the most expensive housing market in the nation. diana olick will do the big reveal. >> beverly hills. >> i'm just not going to say. >> okay. somewhere in california. let's check the markets right now as we approach this final hour for trading. dow jones industrial average up 117 points. 0 0.75%. that would be an all-time high. tonight the nasdaq composite looks like this, we are looking at negative performances here as bill just told you, some tech stocks trading down today leading it lower by a quarter of a percent. approaching its own record high, nasdaq co

call me at 800-743-cnbc. on a day that the market got slammed after the release of nasty fed minutes indicating at

joining me now in a cnbc exclusive is the new secretary of commerce, penny pritzger. good to have you on the program. >> maria, it's great to be here with you. i am so happy to be here. you know, it's -- i've been in this position now for about four months. i wake up every day. i think about how do we create the conditions for the economy to grow and create jobs? and so i'm so pleased to be able to talk about our open for business agenda. >> when i want to hear your top priorities. then i want to come back to you and ask you a little bit about some of the ideas we are hearing from ceos like john chambers was on the show last night. he keeps pouring money into these stock buyback plans. and we want to find out how we're going to see some of that money used from corporate america that they're sitting on to create jobs as opposed to buybacks. why don't you take us through your top priorities in this role right now, secretary. >> absolutely. so our top priorities include trade and investment, innovation and data. we need to create an economy that is exporting more and att

comcast is the parent company of cnbc and cnbc-universal. our parent company. great to hear such a great story you think they have such a good story. disney reporting earnings on thursday. would you buy the stock ahead of the numbers? >> we really like disney. obviously "thor" coming out this week, a big movie for them. as you look out to 2015, a sequel to avengers, a sequel to "finding nemo," star wars the trilogy, shanghai theme park. just huge amount of drivers. so, there are a lot of catalysts for disney, well-run company and thir stepping up buybacks. >> stock has done well. we'll have bob igor on the show friday. jessica reif cohen as we visit her trading floor, bank of america. the dow jones industrial average down about 11 points. we're about 30 minutes away from the closing bell, bill. >> stocks have been moving today on a report the fed may change the benchmark it's looking for the evil level of unemployment before it thinks about beginning to taper. there are some who feel we could see these incredibly low interest rates well in the 2020s. is that th

speaking to cnbc asia earlier. jack lew sounded optimistic. >> i have to be clear it was political not economic cry sichlts what we learned just a few weeks ago it did get to the 11th hour. at the 11th hour there was a broad by partisan consensus for the united states to be where the united states has always been to stand by our obligations. the full faith of the united states cannot be alled into question. >> speculation the fed could taper sooner than expected. comments from fed officials are closely watched. the tesla ceo saying models won't be recalled. few vehicles had sparked speculation a move could be coming from the auto maker. they say the car is five times less likely than having a gas fire. among the other topics discussed the volatility of tesla stocks going so high in the past year. >> i actually think the high stock prices are distracting. in fact i went on record saying i thought the the price was higher than we had any right to deserve. with that said, i think long term the price will be -- the val

the ftse cnbc global 300 is down 0.25%. european equities have been down, but are starting to turn up. the ftse 100 is now flat. the xetra dax, the cac 40 down 0.3%. the ftse mib up 0.4%. divergence as shown by the pmi. contracting on the composite number for france. this, remember, after the economy contracted 0.1% in the third quarter. and these activities numbers play out through december. they'll be concerned now they'll be back in a technical recession. germany, on the other hand, having better than expected activity numbers. and this comes on the top of minutes from last month's fed meeting, which showed minutes agreed they could start tapering their bond buying in the coming months as the government continues to improve. they've considered slowing purchases, even if there's no clear evidence of strengthening. most fed watchers think a december taper is unlikely, but january is coming into play. still with us is john hanes from investec world. john, a lot of the markets we've seen, a big jump on the markets, 20 odd pe

coming up next on fast, dan revealing today live on cnbc that he has taken a stake in fedex. should you follow suit? and later, apologies can be tough. >> i'm sorry. >> don't. love means never having to say you're sorry. >> love story. >> we know that love stories love quantitative easing. set to explain why coming up on fast. >> activist investor speaking out today on cnbc announcing a new trade, defending his old ones and trying to start a bromance with george clooney. >> are you an owner? >> we are. >> and you like the stock? >> we do. >> and you like fred? >> i like fred. >> so you're not going to be trying to oust him? >> fred smith being the ceo of fedex. you obviously get a better dividend but i think fedex is is a better company do i like it here? a lot harder now but i think the stock still works and the story still makes sense. ever since they had that disast rout quarter. >> you're probably okay with using 30 as your stock here. so as a trade it's probably not a bad place to get in here if you can get five on ten points. >> mike, fuel costs letting up. that has bee

welcome to "squawk box" here on cnbc. i'm becky quick along with andrew ross sorkin and steve liesman, who is in for joe kernen today. o is enjoying a day off. our top story today, of course, it's retail. so we are lucky enough to have our industry expert dana telsey here this morning. >> thank you. thank you for having me. >> have you slept? >> i don't believe in sleeping, not when the stores are open. >> that's what we figured. we'll talk more to dana in just a moment. at least a dozen retail chains opened their stores yesterday. it did make for some big thanksgiving day sales. overall, the national retail federation expects sales to be up by 3.9% during the last two months of the year. that is higher than last year's 3.5% growth. but it's below the 6% rates that we saw just before the

it's been a honor and privilege to be with cnbc for the last 20 years. i'd like to thank all of my colleagues, the producers, editors, camera men and so many others who put the show together every week and make it look so easy. special thanks to joel crammer and put the show together weekend after weekend. it's hard to say good-bye but i know change is good. i have nothing but warm and happy feelings about the network that i will depart. know that i appreciate everything and everyone watching. "on the money" will be back next week. i wish you a happy thanksgiving everybody. >>> good morning. breaking overnight, historic agreement. >> for the first time in nearly a decade, we have halted the progress of the iranian nuclear program. >> president obama hailing the landmark and controversial deal reached overnight with iran, this as afghan leaders agree today to keep u.s. troops there for the long term. but will that country's president sign on. >>> the never-ending storm, that massive weather system moving across the country now responsible for at least eig

. >>> cbc cnbc's bertha coombs. a new poll by cnbc and associated president said 30% of people believe buying twitter stock is a good investment. 47% say it is not. ahead of facebook's ipo last year, 51% said that company was a good indevelopment. only 35% believe that twitter will be successful in five years. ebay may start accepting more forms of digital currency. the company's ceo tells the "financial times" the initial focus will be on incorporating retailers' reward points programs into pay pal. and lululemon is fielding new complaints about the quality of its yoga pants. earlier all-of pants because they were too sheer. some consumers say they're still too sheer and fall apart after a few months of wear. >>> honda is voluntarily recalling 2007 and 2008 to fix a minivan problem. >>> ikea is experimenting with a second hand online flea market for their customers who want to unload their gently used furniture. >>> massive cache of paintings thought to contain work by picasso and matisse were recover covered among