Oil shock ripple effects. The impact of equities and currencies and a closer look at stocks that are keeping the dow from hitting 18,000. Is it time to turn on the taps and lift the u. S. Export ban on crude . Well talk to a top dog on Global Commerce. And a shocking reversal on two Insider Trading convictions. The ruling that could change the rules for wall street as the second hour of squawk box begins right now. Welcome back to squawk box on cnbc. Im joe kernen along with becky quick. Andrew ross sorkin is at the dealbook conference. Hell join us in the next hour and well hear from jack lew speaking at the conference. Among the other power players attending, gm ceo mary barra, actress and entrepreneur jessica alba, a. Mex ceo. Well bring you those interviewing throughout the day. Acquired a 5. 1 stake in staples. The hedge fund has also boosted its holdings in office depot. Its move to call for a merger of these two companies. Economic data on the calendar today will get claims. The
Last few cities in america in the running to host the olympics. Were getting very close here but theres one thing that could be holding us back. Were going to talk about what that is. Its rather large, believe it or not. A lot of people sit in it and it gets a lot of attention. First a look at the weather. Were having a drizzly morning all around the bay area. You might notice that if you head out this morning. Your windshield wiper action. Live look at the golden gate bridge, temperatures relatively speaking warm in the upper 50s now. If you like dry weather, we are going to see it next week. Good for travel. Cloudy this afternoon, dry and mild days ahead. Well look at the 7day forecast coming up in a few minutes. Two new York City Police officers are dead after a gunman opened fire in broad daylight. Ambushing them as they sat in a patrol car. Hundreds of officers saluted ambulances carrying the bodies from a hospital in brooklyn. Police say the suspect Ismaayil Brinsley shot the two
Palmyra in central city. This site in palmyra dates back to the roman empire. So far isis has not knocked down the historic ruins but they fear that isis will just as they did with similar sites after they took possession of them in Northern Iraq last month. New from overnight, a wild story here. Police are looking for a person who shot a man, left him in the middle of the street in philadelphia. Minutes later, that shooting victim was run over by a suspected drunk driver. The victim is dead. Nbc10s katy zachry is live at Police Headquarters. Katy, youve been working on new information. Fill us in. Reporter well chris, police call the chain of events very unusual. I just got off the phone minutes ago with homicide detectives who say no arrests have made. To girard avenue at 42nd street. We will there and counted more than a dozen evidence markers. Investigators tell us whoever shot the 29yearold man did show at point blank range. He collapsed in the middle of girard avenue just before
If you go will form again in some places after midnight. That gets you through your monday we will get you through the the rest of the week. We have another spring spring this one in the middle of the week coming up all kind of things to talk about in the seven day forecast but bob kelly is here to talk about traffic, happy monday. Happy monday up and adam everybody. 5 01. We are looking live at the schuylkill expressway. We had an earlier accident tying us upright here near passyunk. Police are getting ready to pull out of the way here otherwise, schuylkill expressway looking good from conshohocken through downtown and that accident right here near passyunk that will tie you up toward south philadelphia. Otherwise i95 kind of quiet, in problems at all coming through construction zone. We had a three alarm fire jenny joyce standing by to give us a latest along devonshire drive and east windsor off of route 130. Heres new jersey turnpike to give you a locater and there is a middle schoo
Have taken if if it has to be taken with caution. Outgoing peugeot ceo gives up 21 Million Euros pension after overseeing 10,000 job cuts. And its no ordinary thanksgiving here on cnbc. Ill help prepare a turkey here in the studio. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Okay. Plenty to get through today on Worldwide Exchange. Three hours of programming. The u. S. Is closed, of course, today for thanksgiving so we have extra of the good stuff here. We kick off with just a recap of the german jobless numbers. Geoff, we were talking about this at the end of squawk box. A slight tick down in german unemployment. 2. 806 million. Euro dollar back up to 1. 36, about the best level in six weeks on euro dollar. Eurozone october ends three, up 1. 4 on the year, lower than the forecast plus 1. 7 . That means the august to october threemonth average, 1. 9 . Weaker than the forecast 2 . And private sector loans in october down 2. 1 versus 2 in