Deal as shares boosted by Restructuring Plan. Were going to be speaking to the ceo of carlsberg first on cnbc about the challenges its still facing in russia and china. The bank of england governor tells bankers were ending the age of irresponsibility. This ahead of mario draghi that could signal further easing. Okay we knew it was going to be big and its proven to be the case. A 10 billion day for chinas singles day. You see the heart here. November 11, it was a shopping frenzy soaring past last years record with alibaba raking in a whole lot of dough and they took in half that amount of last years take in just 19 minutes on the day. Eunice filed this report on the antivalentine event. Singles day got off on a solid start and the numbers are impressive. The Chinese Post Office expects 760 million packages to be shipped today. Alibaba alone already exceeded the online sales around the u. S. Thanksgiving day holiday. Black friday as well as cyber monday. Singles day san antivalentines day. It started with University Students that got together and wanted to give themselves and each other presents. Then they turned the day into a massive shopping extravaganza. This year its in beijing and theres a big gala last night where daniel craig took the stage. Now the event, the point of the event is to get chinese consumers spending and theres heavy discounts and deals for everyone. People today could preorder the ipad pro or get a 50 discount on a cadillac sedan. Theres concerns for alibaba Going Forward after today. People are worried theres i irregularities about it. And also about the fakes sold on the sight. They also face the economic slow down here in china and all of these issues threaten its global ambitions. Still the chinese premiere today got in on the action. His office called alibaba to wish them congratulations for singles day. Eunice yoon, cnbc beijing. It was a big event taking place last night. You saw jack ma there in his bow tie. And jet lee was in the audience. I could tell you more about the celebrities on stage but lets get into the numbers. You knew it was going to be a big day just in the first i think ten minutes they had a billion dollars in sales. Surpassing last years numbers easily. Last year we saw 2 billion in the first hour. This year it was much more than that. We saw roughly 3. 9 billion in gross merchandise value in the first hour. 74 of that was bought through mobile and i think this is really staggering. This is a huge number for mobile and that really show where is the growth is coming from. The mobile clicks, the mobile purchases. Yeah. But thats kind of where alibaba has focused right . The omni channels for marketing their goods and we have a lot of promotions of course. Get a lot of the merchandise moving but singles day, this blows away cyber monday just in the first 90 minutes, 5 billion in sales. Thats over twice the amount you get on cyber mondays for the entire 24 hours. These numbers are staggering, right . Were going to get it from jack ma himself. He has come back a long way from the declines in his stock price. Remember when the stock price hit in the 60 which is is below the ipo offer price but we have come back a long way back up to 80 and change. We have come back a little bit but if you chart it against amazon for example one of its biggest competitors in the u. S. , amazon share price has been steadily rising over the course of the year in part because Amazon Services has done so phenomenally well and we saw that china discount hammering shares of alibaba. But still lets go with the numbers and what we have so far since people are been talking about a slow down in the chinese economy. Not the case with the chinese consumer. At least not on singles day. So 10 billion. Still so many hours to go until the end of the event on singles day. You know this day started back in the 1990s but it was only a big shopping event thanks to alibaba. I didnt know that. Lets check in on u. S. Futures ahead of the open on wall street today. Most markets closed up slightly after trading relatively negative for most of tuesdays sessi session. Dow jones industrial priced higher by 53. Now heres a lead from the european side. Lets check in. Yeah its green across the screen were on pace for the worst week for the stoxx europe 600 since the end of december. But the ftse 100 up. And cac 40 up three quarters and the ftse mib with minimal gains today that is a six month low. Thats coming out of a speech by mario draghi here in london where he can signal further e e easing meantime he is looking forward to raising rates when the economy is strong enough. But speaking at the school of business the Chicago Federal Reserve Bank president also warned against pulling the trigger too early. Now i asked the ubs chairman when he thinks the fed will make the first move. U. S. Data are pretty strong and the u. S. Economy could stomach a rate hike. Weve seen good data come out over the last week so i think that increasing the probability substantially that the fed would move so my expectation is still that well see the move in rates this year but then there will be a much more slower and protracted path to normalization than in previous cycles so. This is clearly backed up by the very strong jobs report last week because theres still the chance that well see volatility. Theres still the chance that well see data taking a turn for the worse in the u. S. There is but the u. S. Is now at 5 unemployment rate. Probably full employment for the u. S. Economy so fairly good set of numbers. I dont expect except for, you know, quarter to quarter volatility that trend in the data to be broken and that would warrant the rate hike scenario for the u. S. Also got the trifecta of data points. Real retail sales and Asset Investment rolled in. Maybe we need more stim yulus. Lets check in with sri in asia. Id say the data on the whole was quite mixed. You can argue that it did hint at stabilization in the broader chinese economy but the Counter Point and negative and bearish Counter Point in the Economic Data is the alternative indicators. Both output of electricity, power and steel did contract in the month of october on year so demand sluggish broadly and we need more policy action to consolidate growth at the current levels. Thats what the market and the shanghai is factoring more policy support from the pboc and also on the physical side as well. The apple component makers, they were a drag on the index. We saw five week lows for taiwan and we didnt get much overnight. Lets give you a run down on this trading day. We hit the midweek there. No Economic Data points today as the bond markets are closed for veterans day that includes macys before the opening bell t. Chinese internet giant and fast food chain pop eeyes after the close. Still to come on the program, the gop president ial candidates square off in milwaukee wisconsin firing shots at Hillary Clinton and taking a firm stance against increasing the minimum wage. If i thought that raising the minimum wage was the best way to help people increase their pay i would be all for it but it isnt. In the 21st century, its a disaster. Alibaba sells 1 million in merchandise in 8 minutes. The biggest shopping event of the year. The euro slipping against the u. S. Dollar ahead of a speech by mario draghi and mcdonalds wont spin off its properties into a Real Estate Investment trust. An announcement from the Attorney Generals Office late on tuesday afternoon, ordering daily Fantasy Sports sites to stop taking bets in the state. Their operations amount to illegal gambling. Now letters sent to the companies, the two biggest by the way, the head of the Justice Department there saying he has concluded that the contests are essentially games of chance and not of skill. He also says their ads misplead players about their chances of winning. They insist their games are legal and are reviewing their Legal Options and this follows a move by the state of nevada to do the same. Lets get to upstart technology coming from, i dont know, the world of symphony. An investment from google is perhaps the best vote of confidence for this fast growing tech company. Google, ubs has contributed to and joining us in london today, ceo of symphony is with us a lot of people are concerned, but when the likes of Goldman Sacks is joining the ranks, leading the charge to change the business model, that has to make people sit up and wonder whats going on. Yeah, the forces are coming to market. There are first of all the technologies that is helping us to build the much lower cost than ten years ago. With that being at the center of all business interactions and the messaging system has become the nervous system of Financial Services. What i found interesting is youre not just targeting Financial Services. This goes beyond Financial Services and into other industries as well. Absolutely. Everybody needs something secure and symphony is designed for that. You have 50,000 members that already signed up. Yes. We are very happy with the progress. The biggest challenge is you want to be secretive and at the same time able to comply with wall street rules. How do you square that circle . Thats a real important element of our design process. At one time you have to protect the data of the customers and that means we cannot have a business around the data. Our business is based around connectivity as opposed to using the data so it enables the protection of data and while you have to do that you have to make sure that the firms that use this technology are compliant with the regulations. So we designed a system and talked to many regulators and proven that our organization is given the tools necessary for our customers to meet those regulatio regulations. Is that just a big investment or an indicator of where it lies. Google can easily acquire you from one day to the next. I was watching the interview earlier today of nicholas. And when you build a company you build it to be the best in its class. So our Partnership Goes beyond just the investment. Its google corporate that invested in us and not Google Ventures or Google Capital and that speaks to the extent of the partnership and they have other technologies that will compliment our offering. Its the beginning of a longterm partnership and were excited about it. How do you like being called the bloomberg killer . I think for such a small company, its an honor. Very influential backers. Our object is to solve a very important problem in the market and that problem of secure communities and creating businesses its something that goes beyond bloomburgs mission. So is there an overlap . Of course there is but were after a much broader need and we are going to continue to march along and build our organization and our business and the backing of worlds most financial important firms as well as google and were going to continue to forge ahead. Thank you for making time for us. My pleasure. David symphony ceo. Uber is back in business in south korea under a new set of rules. The black service will be available to all passengers by the end of the year. Previously residents were barred from using the service which hires drivers to operate rental cars. All right. Still to come on the program, the mouse trap. We speak to the ceo of pc accessory firm about a way to the pc market. Well get you that interview after this. Ken jennings. Ken jennings. I havent seen you since that tv quiz show. Hello, watson. You can see now . I can recognize people, analyze images and watch movies. Well i wrote a few books, did a speaking tour, i. Ive been helping people plan for retirement. And i help doctors identify cancer treatments. Is that all . I recently learned japanese. Yeah, i was being sarcastic. I havent learned sarcasm yet. I can help with that. 15,000 tech enthusiasts are gathering for the slush conference. Nancy is there on the ground. Nan nancy. Thats right. Here we are with a big gathering of entrepreneurs, start ups and investors as well looking for ways to keep the growth going in the tech sector but its not just the start ups and founders weve been speaking to. The Old Tech Companies are here as well looking for ways they can innovate. Can you give us an idea of what youre doing here . Are you looking for ideas for innovation or acquisitions or partne partners . Were here to steal ideas from the start ups. Im kidding. We started out trying to get deeper and deeper into the start up scenes and we do acquisitions and partnerships and we also learn a lot. I learn more from start ups than the old tech or the big companies. So youre learning a lot. Are you looking at acquisitions then . All the time. But theres always something going on. Its incredible. Can you give us an idea of what space . Is it mobile . Ill frame our business unit. Everybody knows us but we now have four growth businesses that are everything from gaming to speakers and we have new businesses that are top secret. Theyre all somehow connected. You mention that everyone thinks of you as the pc company when we talk about keyboards and the mouse that attached to your pc. Now tim cook said that the pc was dead in so many words. Do you agree with him . I dont know whether id say the pc is dead but we certainly have very negative assumptions about what will happen to the pc longterm so our emphasis is new categories and new businesses. We have grown 400 million of new businesses outside of the pc and we dont see any end in sight. We have an incredible ray of opportunities so whatever happens to pc well be fine. And resupresumably this is a investment to your bottom line. Were maximizing profitability in the pc space. Still innovating like crazy but with a much lower budget and moving that spending over into new stuff so were going to stay investing at a high rate but if you look at the new businesses its significant. Youre talking about mobile, some home features, how do you compete . Its a crowded sector when it comes to innovation and how do you shake the image of just being accessories for the pc . Most people that know us love our brand for its ease of use and set up and good functionality and increasingly beautiful products were not a start up that may fail. Were not a huge company that could be bureaucratic. Were a small Hungry Company that consistently can create new products that some of which i hope will become icons. So if youre, safe to say, winding down the pc side of things, where do you think your biggest line of business will be ten years out . I wouldnt say were winding down the pc side, were maximizing our performance there. If you ask me where do i think our biggest business will be outside of pc . Well be like a farm with an array of businesses. And youll see us more and more. Hes talking about how companies are coming together and looking at the next stage of innovation and how they can accomplish the demand Going Forward. Back to you. Thank you so much. Well go to break here on worldwide exchange. But still to come on the program its known as the sweet josephine and just sold at auction for 29 million. But what is it . Well tell you what sweet josephine looks like after the short break. Opportunities arent always obvious. Sometimes they just drop in. 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. Lets talk about singles day and its a 10 billion wind fall. Chinas single day shopping day helping alibaba soar past last weeks record. Hold your bets. New yorks attorney general bans draft kings and fan duel saying their operations amount to illegal gambling. Sab miller and ab inbev are getting serious about their 105 billion merger as shares of carlsberg are boosted by a Restructuring Plan. Well speak first to the ceo about the challenging its still facing in russia and china. Bank of england governors says were ending the age of irresponsibility. This ahead of a keynote address from mario draghi that could signal further easing. Hi, everybody. If youre joous tuniust tuning you for joining us. Most u. S. Markets ending up slightly higher after trading negatively for most of tuesdays session. The s p finally breaking that four day losing streak. Checking in on the futures, were above fair value for today and the implied open is telling us well be up across the board. S p 500 priced higher. Dow jones industrials called up by 45 points and the nasdaq looks like were pricing in in advance of 16 points or so we are on a positive note for this wednesday but the stoxx europe 600 still on pace for the worst week since the end of september. So the ftse mib is up and cac 40 with gains and the german dax up close to 1 and the ftse 100. Were on that four day winning streak. It came to an end and lets check in on asia markets because we got the china data that includes retail sales, fix asset, Industrial Production all still showing sign of a slow down taking place in the worlds second largest economy. Seeing gains and sweeking out minimal advances, being muted despite the blowout singles day. The index seeing declines and the nikkei 225 really didnt go anywhere. Carolyn. Lets get back to our top story. Ab inbev finalized its take over of sab miller in a deal worth around 108 billion. Theyre paying 44 pounds in cash for existing sab miller shares. In order for the deal to past u. S. Antitrust hurdles sab miller is selling its stake in miller coors. Its being acquired by the american beer maker for 12 billion. It is expected to complete in the second half of 2016. Check in london up by 2. 7 . On to another brewer, investors are cheering a Restructuring Plan sending shares in the danish brewing giant to the top of the stoxx 600. Higher by 6 . This despite the Company Warning that organic operating profit could decline as well as unveiling a 1. 4 billion impairment charge on russia, the u. K. And china. The 3rd quarter operating profit came in above analyst expectations but the Company Reported a loss for the period after the impairment charge was accounted for. Thank you for taking the time to speak to us. They say this is kitchen sinking because the new management has come in. Is that what it is . Theres an opportunity at the moment as you come into the company that you take stock of the situation. We took as a new team stock of the situation. We have assets and good will which probably are not in line so we took the impairments and write offs to end quarter 3. How much visibility do you have on the russian business which has been causing troubles for you for such a long time Going Forward. Is it a matter of months or years before this market recovers for you . Its a very difficult market. We were in there for many, many years and there were strong hopes that it would be able to improve. If you look at the 12 to 24 months theres not a lot of expectation of growth. The decline of 10 this year probably will continue for next year and will probably be a new system and needs to register the sales so in total might be a difficult year again indeed. But at what point are we going to see that the asian business which apart from china maybe has been delivering healthy profits for you is actually offsetting the negative impact that youre seeing from russia . At least we observe that we have made this Inflection Point that this moment of time as we speak asia is more profitable so over the last couple of years its been declined significantly and is more like 20 . So i want to talk to you about the strength in the Chinese Market or weakness in the Chinese Market because youre restructuring there in china and a lot of corporates have been complaining about business dwindling because of the on going economic slow down. Would you say thats the case also for carlsberg. Were in the rest of the east and see the trends slightly different than in the east the market in china moved to a slow decline. In the west its more around minus 1, minus 2 and in the east its even minus 5 but not only at china outside china we grew by 6 . In india we have been able to grow by 40 or 41 . So its not only lets say one country we look at we have a nice portfolio there. I was just wondering, you know theyre going to control a third of the worlds beer market. Are you concerned . Theyre not so much concerned but theres not very many numbers. The most important impact is whether youre number one or number two in the markets where you operate. Thats important. Im running out of time here but im wondering do you think this merger should even go ahead . Well its announced today so thats fine. No just from the industry perspective, you know, you heineken and the like. Should the number one and two number brewers of the world be allowed to consolidate . Theres very clear antitrust regulations and at the moment there should not be a problem. Its all about market regulations and theyre following the law. Thank you for your time. Ceo at carlsberg. Lets talk about sweet josephine. It turns out to be a very rare, very beautiful pink diamond. There you go. Fetching a pretty penny at a auction in geneva on monday. Its selling for 28. 5 million to an unidentified chinese buyer. And this is over above the auction estimate. So the chinese buyer of course paying more. The diamond, by the way, as you see there, its beautiful set in platinum gold surrounded by a ring of white diamonds weighs in at 16 karats. A large rare blue diamond could go from upwards of 55 million at an auction later on today. Looks heavy, doesnt it . 55 million. It weighs down your hand, doesnt it . Are you sure you didnt make you didnt make a bid . I did not. Husband didnt . No. Raise the paddle. No. Well talk to him about that later on. Still to come on the program though, it may be game over for draft kings and fan duels as daily Fantasy Sports sites get a cease and desist order from new yorks top regulator. Urke] itsy insurance and forget about it. But the more you learn about your coverage, the more gaps you may find. [burke] like how you thought you were covered for this. [man] its a profound statement. [burke] but youre not even covered for this. [man] its a profound statement. [burke] or how you may be covered for this. [burke] but not for Something Like this. [burke] talk to farmers and see what gaps could be hiding in your coverage. [sfx yeti noise] we are farmers bum pa dum, bum bum bum bum just in time for breakfast. Lets check in on the golden arches. After the ceo last month said there has been improvement when it comes to quarterly same store sales. Also yesterday at the investor meeting mcdonalds ceo says the fast food giant wont be spinning off into this Real Estate Investment. Speaking at the annual investor day and the move isnt really in the best interest of shareholders. Theres not much upside and by the way, mcdonalds also of course increase their dividend which investors like and i should point out that Steve Easterbrook will be speaking to carl later at squawk on the street today at 10 00 a. M. Eastern time and do you know what im really interested in carolyn . The all daybreak fast. I was just thinking about that. Im wondering how that changed. Still made its rival here at the u. K. Id be disappointed. Thank you for that. Moving on in a major blow to their business and potential survival. New york is ordering daily Fantasy Sports sites to stop taking bets in that state. Lets get out to landon dowdy in new york. New York Attorney general Eric Snyderman sent letters to the top executives of draft kings and fan duel which has come under fire into whether they violate gambling laws. He says after a month long investigation hes concluded their operations amount to illegal gambling as their daily contests are essentially games of chance and not skill. He says the adds mislead players about their chances of winning and only the top 1 of players get the most prizes. He says its clear theyre the leaders of the massive scheme inintended to fleece sports fans across the country. Nevada gaming regulators ordered them to shutdown in the states until they get the appropriate licenses. They have been under scrutiny since allegations surfaced that they may have used info to win on other fantasy sites. Both banned employees from playing online Fantasy Sports for money. The contests are legal and are games of skill saying its disappointed in his action. The company will examine all Legal Options. Fan duel sent an email to customers asking them to demand the right to be playing. U. S. Law prohibits Sports Betting and outlaws Online Gambling but in states exempted Fantasy Sports league which cover an entire season as games of skills versus chance. They are each valued at 1 billion. Draft kings includes the nfl and Major League Baseball while Nbc Universal the parent of cnbc is an investor in fan duel. Thank you. Tmobile in the u. S. Fired the latest shot when it comes to wireless wars. It will give customers a new option to stream video from sites such as netflix and hbo now without it counting against their data plan so the feature will be rolled out for customers with plans of three gigabytes and up. So the move comes as many wireless providers are trying to get more customers to upgrade to their higher data plans and of course higher cost data plans as well. If you think about the high content media rich data created from movies and High Resolution screens your mobile device doesnt require that. So we optimized what a mobile device needs to watch dvd quality video and were able to send you dvd quality and optimize your data so the interesting thing is the providers arent paying, and customers arent paying and because of the utilization of the network this is very very good for shareholders of the company. Tmobile rising. 5 in after hours trade. Down almost 4 . It is unclear whether there will be a decision any time soon. Google is getting more involved in designing the guts after android phones. Lets take a quick check of google parent alphabet up by 0. 7 in german trade. Apple starts taking orders today for the new ipad pro. The new tablet with nearly a 13 inch screen will be available in stores in the coming days. Its being aimed mostly alt business clientele. It has a 10 hour battery life and the ipad prois not cheap. It starts at 7. 99 a piece. It can cost more than a thousand dollars if you get the keyboard and pencil stylus. Apple being sold down during the regular wall street session on a report talking about supplier shares or orders coming from apple. Down in german trade. Good wednesday morning. Here are your headlines today. Alibaba sells more than a billion dollars of merchandise in 8 minutes as the singles splurge in china in the biggest shopping event of the year. The euro slipping to a six month low against the u. S. Dollar ahead of a speech by ecb president mario draghi and risky business, mcdonalds says wont spin off its properties into Real Estate Investment trust after all. Day, were seeing new technologies make healthcare more personal with patientcentric, digital innovations; from selfmonitoring devices that can interpret personal data and enable targeted care, to Cloud Platforms that invite providers to collaborate with the patients they serve. Thats why over 90 of the top 25 Global Pharmaceutical Companies are turning to cognizant. Our domain experts, technologists, digital and data specialists, clinicians and scientists are transforming the way Clinical Research sites collaborate with pharmaceutical companies, and enhancing Patient Engagement with innovative platforms and solutions. Our populations growing healthcare needs present growing opportunities for our clients to advance the future of medicine with digital, and improve the quality of lives. Top polling gop president ial candidates clashing again at the fourth debate last night on fox business news. Jeb bush, john kasich taking shots at donald trump saying his immigration policy would drive hispanic voters to the democratic side. Meantime, trump, ben carson, marco rubio all voiced their opposition to increasing the minimum wage. If i thought that raising the minimum wage was the best way to help people increase their pay i would be all for it but it isnt. In the 21st century its a disaster. Youll make people more expensive than a machine and all of this automation replacing jobs and people is only going to be accelerated. And rubio also arguing that Vocational Training is needed to become more accessible saying welders make more money than philosophers and we need more welders and less philosophers in his words. I guess thats his opinion. Lets go for more opinion. Economic policy analyst at the American Enterprise institute joins us this morning. Spirit of debate once again from the contenders. Was there anything that stood out to you last night . Well, ill tell you, i wish the moderators had been a little bit more aggressive and not letting the candidates repeat talking points but now that the group is a little bit smaller you had some of the candidates going after each other. There was a really Good Exchange between rand paul and marco rubio about Government Spending where rand paul attacks rubios plan to expand the Child Tax Credit and more defense spending and questioned whether he was a real conservative. That back and forth where theyre exploring each others policies, thats helpful and well see a lot more of it. Everyone was waiting and probably listening in closely to ben carson the most since he has to defend himself on past quotes he made in his biographies and the like and also its interesting that hes going the opposite direction backtracking on his stance on minimum wage saying we shouldnt be hiking the minimum wage. Yeah, that was really interesting. Seemed to just toss that overboard. But i was i kind of expected all the republicans obviously to be against waging the minimum wage but i was disappointed that they didnt point out that theres already a policy in place which is better than a minimum wage for boosting incomes of low income workers and thats something called the earned income tax credit which is a wage subsidy which tops off worker incomes. That should be expanded. It really is a kind of a conservative approach to helping lower income workers and i wish republicans had mentioned it as opposed to just saying theyre against the minimum wage. Going into that debate there was a lot of focus on how jeb bush was going to perform. He had a terrible third debate. Could he turn around his Campaign Just with the help of the fourth debate . I think that was sort of a stop the bleeding moment. Im not sure well see him sparkle and take over. We have seen who is good at this which is marco rubio and ted cruz and Carly Fiorina and donald trump in his own way. So the Bush Campaign is depending on fantastic performances by jeb bush im not sure thats ever going to happen though it was clearly his strongest debate. You mention trump there. I want to know what the verdict on trump. A lot of people said his answers were incoherent and he was rambling and didnt know the facts. Do you think this was his worst to date . You described the trump style. To the extent it was a bad debate for donald trump is what does he do well . Hes aggressive. We saw less of that. He seemed more like a regular candidate and if thats who donald trump is going to be in these debates from now on, whats the point . Thats not his his Republican Debate brand is really just throwing bombs and going after the other candidates. You just got a little bit of that but not as much and youre right, immigration plan still doesnt make sense. Hes not going to change that. So if thats a stumbling block for you in donald trump it remains the case. And i think if it was anybody else in the stage that made that gap on ttp highlighting china and china isnt even part of the Transpacific Partnership that might be a campaign killer. Does anything change . Did anything come out last night to change, i dont know, the standings right now when it comes to, you know who are is the favorite and front runner . No, listen, i like polls and i also look at betting markets. If you look at the betting markets it still says rubio is like the betting market favorite followed by donald trump and bush is back there in Chris Christie and ben carson territory. I dont think it changed that but did begin to see the themes that play themselves out throughout the primary season which is your libertarian small government republicans. I saw that in debate junior as well. People want to really microgovernment versus those that think the safety net is a good thing. Thank you for your time. Good talking to you. Lets bring you an update on alibaba. Well be rallying for the stock up 1. 5 now. Up to 80 in change and this is after the blowout singles day sale surpassing last years total and we still have six hours to go. A 10 billion selling day already and the shopping frenzy, the largest around the World Soaring past last years record. Raking in half of that amount in the first 90 minutes alone and a reminder for you, jack ma will be in a first on cnbc interview today on squawk on the streets. All right. Squawk box is up next. Well be right back after this break with an interview from the bank of england. 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. Whether its building the worlds most advanced satellite, the space station, or the next leap in unmanned systems. At boeing, one thing never changes. Our passion to make it real. Is the staying awake part. Challeng gunshot your day. Sleep train has your ticket to a better nights sleep. Because when brands compete, you save during mattress price wars. And through veterans day weekend, save up to 400 on beautyrest and posturepedic. Get interestfree financing until 2019 on tempurpedic. Plus, helpful advice from the sleep experts. But mattress price wars and this special financing offer ends sunday. Sleep train your ticket to a better nights sleep finalizing terms of a more than 100 billion takeover of sab miller. A developing story, new york ordering Fantasy Sports sites draft kings and fan duel to stop accepting bets in the state arguing that the operations amount to illegal gambling. Would have been nice if we had clarity on this from the candidate. And then calling the Single Ladies and gentlemen its the biggest shopping day of the year in china. Alibaba already smashed its all time sales record. Its wednesday, november 11th, 2015 and squawk box begins right now. Live from new york where business never sleeps this is squawk box. Good morning, everyone, welcome to squaux box here on cnbc. Its veterans day. A day that we remember our troops and those that have served overseas and come home and those that have not. Alibaba announcing its singles day sales already surpassed last years 9. 3 billion total. Thats more than americans will spend in total on black friday and cyber monday combined. Research firm idc says that the ecommerce giant could see sales jump to 13. 8 billion today. Well have a live report just a little later this hour and then coming up at 9 30 eastern time dont miss jack ma at squawk on the street