Squawk Box

Monday - Friday, 6:00 - 9:00 AM ET
Squawk Box

Wall Street jittery going into Thanksgiving week

Key Points


U.S. stock futures were up and down this morning, after Wall Street posted its best week of the year. That upswing could continue into this shortened Thanksgiving week, usually a good one for the market. (CNBC)

The is coming off its best week since October 2014, with a gain of 3.3 percent. The Dow rose 3.4 percent in its best week in six weeks. The Nasdaq was up nearly 3.6 percent for its best week in four months. (CNBC)

U.S. oil prices were volatile this morning, off more than 3 percent before recovering. Continuing worries over a global supply surplus and the stronger dollar were adding to the uncertainty. (Reuters)

Pfizer (PFE) has agreed to buy Botox maker Allergan (AGN), based in Ireland, for about $160 billion, in a deal to move the headquarters of the U.S. drug giant overseas. (CNBC)

Belgian police arrested 16 more people in late-night raids searching for those behind the deadly attacks in Paris, as the government locked down Brussels for a third day on Monday. (Reuters)

The brother of Salah Abdeslam, a suspected accomplice still at-large, is urging his 26-year-old sibling to turn himself in and face prison rather than a grave. (NBC News)

British Prime Minister David Cameron said he'll seek parliamentary approval to join airstrikes against ISIS in Syria as he met today with his French counterpart following the Paris attacks. (NBC News)

GOP presidential candidate Donald Trump said he would bring back waterboarding as a strategy to interrogate terror suspects. Meanwhile, he backtracked on comments about wanting a database of Muslims in the U.S. (NBC News)

Instead of passwords, Deutsche Bank (DB) is experimenting with new antifraud technology for mobile transactions that identifies users by the way they handle and hold their phones. (FT)

As part of the growing trend to start holiday sales earlier, Wal-Mart (WMT) is starting Cyber Monday sales the Sunday night of Thanksgiving weekend, with the first round of deals at 8 p.m. ET.

Just in time for busy Thanksgiving travel, and perhaps into December, gas prices over the past two weeks, dropping 11 cents to $2.14 a gallon, the lowest since late January. (Reuters)

A powerful Arctic blast is set to engulf the West and Plains this week, setting the stage for a significant winter storm, complicating travel in the lead-up to Thanksgiving. (Weather Channel)


Investors start the week with October existing home sales 10 a.m. ET. The report from the National Association of Realtors is expected to show a 2.7 percent decline from September, to an annual rate of 5.40 million units. September saw a 4.7 percent increase.

GameStop (GME) and Tyson Foods (TSN) are among the companies releasing earnings this morning, along with beleaguered drugmaker Mallinckrodt (MNK), a company recently the subject of a negative report from short seller Citron Research.

This afternoon, Palo Alto Networks (PANW) and Brocade Communications (BRCD) are among the handful of companies releasing quarterly numbers after the closing bell.


Diebold (DBD) struck a deal to buy Germany's Wincor Nixdorf for $1.8 billion in cash and stock. The ATM maker plans to officially launch a tender offer for its rival early in 2016.

In the midst of an antitrust trial, Electrolux (ELUXY) denied reports that it's in settlement discussions with the Justice Department over its $3.3 billion deal to buy the appliance business of General Electric (GE).

Procter & Gamble (PG) should be broken up to improve performance, according to Barron's, which projects P&G's businesses could be worth $90 per share if broken up, compared to Friday's close of $75.82.

United Auto Workers leaders ratified a four-year contract with General Motors (GM). Separately, Ford (F) workers narrowly approved its four-year labor contract with the union.

Fiat Chrysler (FCAU) is offering free tuition at Strayer University to about 700,000 dealer employees and family members in a push to stem turnover, according to the Wall Street Journal.

Facebook (FB) CEO Mark Zuckerberg plans to take paternity leave of two months, after his wife Priscilla Chan gives birth to their daughter. U.S. workers at the social network get up to four months.


"Mockingjay - Part 2" dominated the domestic box office this weekend, but . The final film in the Lions Gate (LGF) franchise debuted with $101 million. (Variety)

Adele, one of two chart-topping singers this year who pointedly snubbed streaming platforms, is poised to set a new one week Nielsen era album sales record. (Billboard)