Holidays s p futures up by 5 and nasdaq up by 11. 5. Heres some of the stories were watching this morning. Economic data later today. 8 30 a. M. Eastern time weekly jobless game. And then at 10 consumer sentiment. Deer will post the latest Quarterly Results before the bell and a story of note for sports fans. Draft kings and fan duel have their day in court. Theyll square off against the new York Attorney general today at the state court in manhattan. The ruling will decide whether or not the companies can decide to continue to operate in the state as the Court Debates whether daily fantasy constitutes illegal gambling. Stocks to watch, hp is one. It fell short of expectations and revenue fell 9 from last year. A fifth straight quarter fall in sales. They split into two separately traded public companies. Earlier this month they sell personal consumers and printers and they cover commercial Computer Systems but its tough. Its just a tough business for hp. For all the tech games in this new era its just one of those things that are probably more and more and more. As much computing as something i have five years ago. Its newspapers. Its ibm and you can do a lot on an iphone. More on an iphone. Finally got the iphone 6 this weekend. Well get rid of that other no, i got both of them. Both of you can talk all you want. Youre wrong. Youre wrong. Thank you. Youre wrong and you got that thing which i know. The watch, yes. Im sorry i looked at it before. Its ugly. Its not ugly. It is ugly. A big ugly thing. Theres so many beautiful watches. That is ugly. Yeah. Everything else is great. That ring is loud. Meg whitman will be on squawk on the street. Well see how she explains this and makes the case that i guess the future is brighter for maybe one of these companies. Anyway, a u. S. Investigation finds possible misconduct by walmart in brazil. Had is according to the wall street journal which reports theyre probing 500,000 in payments they believe went to an individual government permits for building 2 stores in brazils capital the Justice Department is investigating the act in china and india and mexico. Thats just great. To try to put i know, if andrew were here. But hes not. Bad behaviors but by definition foreign practices is a lot different than practices here in the United States. Didnt walmart just clear. Much less of a deal. Accused to something relating to foreign prep practices app. The law requires that you must examine every business you have everywhere in the world from top to bottom. So they were going to find other stuff. Is that this by the way. Not based on this. Its not that much. Brazil . Yeah. Right. And getting a boost on takeover talk involving shire. You might recall that they rejected an unsolicited 30 billion bit saying that was too low and undervalued the company and syngenta chairman says his company is look at takeovers telling a newspaper that hed be surprised if nothing comes to pass in the next six months. Syngenta had been an acquisition target of monsanto. Futures are indicated higher this morning. This comes of fractional gains yesterday for stocks. The dow futures up by 41 points. S p futures up by 4. 5. Earlier in the day you didnt see a lot of jitters in the stock market after turkey downed that russian jet and created a lot of concerns but the markets did end fractionally higher. Lets look at whats happening with the early trade this morning in europe. It looks like stocks are higher there as well. Remember these major averages at least this time yesterday were down by about 2 . This morning the dax is up by 1. 5 . Same story with the cac in france. The ftse 100 is up by. 9 . You saw the nikkei was down by. 4 . Shanghai stocks up. Oil was the big story yesterday. Crude oil had the best day in three weeks. Up by 2. 7 . Settled just under 43. Today giving back some of the gains. Down by 1. 25 . But this was the big story yesterday and why stocks ended higher. In the bond market youll see at this point the yield is at 2. 225 . So still below 2. 3 . The dollar at this point looks like it is up against the euro but check this out, euro at this point at 105. 79 falling below 106. This is about the lowest level we have seen in close to 7 months. Yen is at 122. 64 and quickly take a look at gold prices as well and youll see that this morning gold prices barely budged. 1,072 an ounce. To the developing story in the geopolitical front. New this morning were learning one of the russian pilots shot down near the turkey Syrian Border is confirmed live and well. Same time Vladimir Putin is making more comments about that event. Happens to be in teheran for a gas conference. Hadley joins us with the latest. Good morning. At least one of the pilots was killed and one of the members of the search and rescue team sent to find him was killed as well and also this is a series of blame game, a war of words. He is essentially saying it wasnt meant as a direct provocation but its difficult to believe that shooting another countrys aircraft out of the sky could be seen as anything else. Take a listen to what the president of russia had to say. We stated many times that the fact that a large amount of oil and oil products is being transferred from the territory of turkey from territory seized by is. Gangsters are receiving their Financial Report and now rewe receive a strike in the back from our jets fighting terrorism. Theres on going as for just where this aircraft was flying when it was shot down. We also know they say they have been warning the russians ten times in the past few months to stay out of their air space and nato members quick to take turkeys side. Take a listen to president obama. My top priority is to ensure that this does not escalate. Hopefully this is a moment in which all parties can step back and make a determination as to how their interests are best served. This is a story that shows no sign so far of deescalation. We now know that the foreign minister of russia will not be coming to turkey today as planned. We also know that at least one Russian Missile cruiser is protecting russian flights over syria now. They say no harm will come to their planes and this is also a story that has huge geo strategic and economic implications. Theyre tied together when it comes to the economy. Were standing right here. This is where east meets west and essentially if any military equipment is going to travel to syria from russia it has to pass through the straight right behind me. That goes for oil. These are countries tied together when it comes to trade, to tourism, and some serious questions as to what the cost will be of yesterdays incident, guys . Thank you very much. Joining us from istanbul. This was frightening yesterday, right . This is a nato member, potentially having an altercation with russia. Thats the First Time Since the cold war. Exactly. If you wanted to be hyperbolic about it and people on other cable channels, far be it for them, but you never know how things get started . World war i was like some stupid skirmish in some part of the world that isnt even called what it was called back then. There cant be a world war iii. But thats the one good thing, not that theres anything good about nuclear weapons, not an all out world war ii can we . Maybe not in the traditional sense but if you have it get picked up by someone that done have the same sense of worrying about destruction thats what i worry about. You see the issue raised by the journal today, why did putin provoke the situation . Why would he do this . Is he testing nato . Right . This is he hates that nato is in the baltic countries near him you saw obama. They did everything to deescalate. And the thing that scares me is hes like, im afraid i dont want to get an umbrella stuck in my butt but you wonder whether he is like a mobster. An analyst saying yesterday theres not a chance, you dont know how but theres not a chance that it wont go unanswered. And theyll keep testing it. Its been happening a lot and they have guys in syria that hes been bombing that are on our side but antiassad. Theyre the definition of terror. Theyre enmist of isis. But also of assad. Joining us now, someone that might know something about this, retired army colonel jack jacobs. He is also an msnbc military analyst and you probably have an idea of just tell us, colonel, whats putin trying to do . Whats he likely to do in response to this . And is this something that could really escalate . And something we should all be worried about . You were just talking about probably what precipitated all of this, there are tribesmen that are ethnic turks living inside Syria Territory and they are against assad and theyre really close to the turkish border. The turks feel affinity to them. They have warned the russian planes have flown over Russian Air Space before. Quit flying over turkish air space and quit bombing them and and thats what happened yesterday. Its apparently over turkish air space and a track where the airplane was and when it was hit it was probably over turkish air space and the real problem obviously is what happens next as you suggested. Putin himself painted himself into a corner. He has a lot on his plate. In crimea the lights are out as terrorists blew up the substation. It doesnt look like the lights are going to come on again until christmas. He has very little access. The access he has is basically crimea. The naval base into the mediterranean to support his activities elsewhere. But particularly in syria. Thats controlled by the turks. In addition to that, his relationship with turkey is extremely close as you suggested. They have close economic ties. Turkey buys its gas from russia. Theres not a whole lot he can do. He doesnt want to antagonize turkey any further. Who is on the other side of the trade in syria. Turkey wants assad stepped town and putin doesnt. This can escalate quickly if he plays it the wrong way. He has to demonstrate to an extremely skeptical domestic audience that hes in control but its apparent hes not in control at all. He has a couple of options. And they want us to do nothing at all but i think he probably feels he cant do anything. Kind of a low cost exercise hes done it again. Hell just irritate and there will be some. And its trying to extract some measure of uncertainty to fire air to air antiaircraft missiles from airplanes over syrian soil in syrian air space to take down a Turkish Aircraft in turkish air space. And its a way that precipitated a world war. That would be what might do it unless cooler heads prevail. Hell settling if somewhere maybe locally that will make him look tougher at home. Make him look tough at home these days but not precipitate anything further. On a daily basis i dont know whether thats right or wrong but in terms of not envolkswagening article five in either the case in paris or not saying that, you know, saying no we dont want it to deescalate. Yeah, that was probably that would probably be inflammatory and way out of character. Everybody anticipates that the president is never going to do anything and if he does something out of character like pound his fist on the table and say were definitely going to blow you guys up, if you do anything the next time you do something really nasty, when he demonstrated he would never do that but many times and actually they talk about it at the end that he shows putin, we can only imagine what mr. Putin makes of that. Dont do that until the next time you do that again. I speak for everybody again and that, you know, ironically, bureaucrats somewhere in europe has a lot carries a lot more weight in saying that than president obama does. To that point, that journal editorial raises the question did putin do this on purpose to test nato . He smells nato as being weak. The u. S. Is nato . Nato is going to do anything they need. U. S. Equipment and u. S. Boots and everything. And president balm made cheer yesterday that that was not going to happen at all. So is this a calculated risk by putin to try to figure out and it turned out not to be a good idea. Playing golf most of the time. I have a place out here. I spend a great deal of time. Do you have any horses. When we come back this morning, why investors could soon have a harder time getting their money back. We have that story next. Plus we are now just about 24 hours away from the annual macys day thanksgiving parade. The fun starts well before that day though. Spectators will be inflated. We have more than 10,000 people participating in the parade including dancers singers and others. The activist hedge fund locked in money for longer period. Investors will have the option to put money in existing 1, 3, or 5 year vehicles. As the markets head into holiday mode the street chatter is starting to pick up on whether the fed will actually raise rates come december. Steven says that the central bank will punt hiking rates all the way into 2016. He is chief exist. Also covering the equity angle is rich steinberg. And steven thats a little bit of a different view these days. Why do you think theyll hold off . Its been a different view. Years ago the fed says its data dependent. And its the data and Consumer Confidence and total retail resales. The gdp numbers tell you that its robust. In fact, three of the Fourth Quarters of 2015 are probably going to be below what economists think is going to be the economy. So we think that the fed has the opportunity to hold off. The risk of holding off is a lot smaller than the risk of doing something premature at this juncture. I almost think that the risk at this point is they have very clearly telegraphed that this is very much on the table for this time around. They lose faith. They lose confidence with investors and they had enough of that back in september. I mean, they telegraphed quite clearly that every meeting is live. They telegraphed that their data dependent. I think the markets want to be spoon fed information and we had the greenspan put which created Financial Market dislocations. Then we had the bernake promise which created more Financial Market dislocations and i think what janet yellen is trying to do is inject back uncertainty into the decision process so when people make Investment Decisions they have to begin taking risks on board and the markets are starting to do that despite the amount of qe thats been done if you look at whats happened to corporate spreads, corporate spreads are widening because companies are releveraging their balance sheets. Companies are beginning to price in risk which is a good thing. Thats where the fed is different than the street. They have to look and say if i move, whats the difference in reality if i moved in september or if i moved in december or if i moved in march . And theyre basically saying i have no inflation considerations to really worry about. I have Global Deflation risk. I have a dollar thats getting strong. Let me get some time away. What do you think happens to the stock market if the fed does not raise rates in december . It will be a disappointment becky because at this point, especially with the market rally, this is all about show me the growth. And for earnings to come through next year, the street is at 128 we need to start to see this shift from the fed back to an environment. That also has to happen with progrowth strategies going into next year. Both from the economy starting to see some pick up as well as from the political candidates talking about how theyre going to get this economy from lumbering in this 2 range. The big problem right now certainings this year were 119. Next year the consensus at 129. Thats too much in our opinion in terms of growth given the backdrop. I think the fed loses a tremendous amount of face if they dont step up to the plate in december. I watched cramer last night on mad money and he made a pretty interesting theory. Theres a lot of bad news out there and yet the market has rallied into all of this. Hes looking at this as a change in sentiment. That the market is ready to start moving up. It shows how strong that conviction is and if you get good news out there that you could really see stocks take off. Do you agree with that theory . Yeah but i think its going to be muted becky just because earnings ultimately drive not only shortterm returns but also longterm returns and until we really see earnings pick up at 125 in earnings where our estimate is, we get to 2,200 next year. But cramers exactly right. Just listening to the general earlier, im shocked that we didnt have a huge blow off in the market with this russian jet being shot down. Its caused world wars before. So to that point, if the fed doesnt step up to the plate, investigators are going to be questioning what do they know that we dont know . Rich, steven, thank you both. Good talking to you. Coming up, i was just talking about this yesterday. If a green bean casserole is on your menu this thanksgiving youll hear our story next. And you dont know what to get your significant other for christmas, how about some bacon scented underwear. Oh my god. Boggles the mind. Thats so jane wells. The possibilities are endless. First as we head to break, yesterdays s p 500 winners and losers. When youre not confident your companys data is secure, the possibility of a breach can quickly become the only thing you think about. Thats where at t can help. At at t we monitor our Network Traffic so we can see things others cant. Mitigating risks across your business. Leaving you free to focus on what matters most. Hiim here to tell homeowners that are sixtytwo and older about a great way to live a better retirement. Its called a reverse mortgage. Call right now to receive your free dvd and booklet with no obligation. It answers questions like. 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