Ratings agency Standard & Poor's has cut its corporate credit rating on Yum Brands (YUM) to junk status, as the owner of KFC, Pizza Hut, and Taco Bell announced plans to return $6.2 billion to shareholders. (FT)
Yum Brands CEO Greg Creed joins CNBC's "Squawk Box" at 8 a.m. ET this morning to talk about the state of the company.
Following a string of mass shootings in the U.S., including the San Bernardino terror attack, President Barack Obama's advisers are finalizing a proposal to expand background checks on gun sales, without congressional approval. (NBC News)
The "financial minister" of ISIS, a former al-Qaeda member, was killed in an airstrike last month, according to the U.S. military. Two other senior officials in the terror group were also killed. (FT)
Even as the two sides are trying to kill each other, ISIS is trading oil to the government of Syrian President Bashar Assad, making more than $500 million in the process. (Reuters)
Nearly six-in-10 Americans oppose GOP presidential candidate Donald Trump's proposal to bar Muslims from entering the U.S., but Republicans are evenly divided, according to a new NBC News/Wall Street Journal poll.
Trump's proposal is costing him in business. In Dubai, a $6 billion golf community is ditching the Trump name, while efforts are being made in Toronto and Stamford, Connecticut to rename Trump buildings. (CNBC)
Hoverboards may be gaining popularity, but they're falling out of favor with an increasing number of big airlines. American, Delta, and United said they won't let the devices on their planes. (USA Today)
Meanwhile, federal safety regulators are stepping up their investigation of hoverboards, due to a recent spate of reports of fires and explosions, as well as injuries from falls. (NBC News)
The chief marketing officer and an engineer from Inventist demonstrates the Hovertrax hoverboard on "Squawk Box" at 8:40 a.m. ET this morning.
The Senate approved a stop-gap measure to keep the federal government running until next Wednesday, while negotiations continue on a longer-term funding bill. The House votes on the measure today. (Reuters)
High-stakes talks to address climate change outside Paris will not end today as planned but will continue at least one more day as diplomats try to overcome disagreements on sharing the costs. (AP)
China's yuan dropped to its lowest level against the dollar in over four years today, as the central bank there steadily guides the currency lower amid an economic slowdown and hefty capital outflows. (CNBC)
One of China's top entrepreneurs, the chairman of the conglomerate that owns Club Med and other businesses in Europe and the U.S, is missing. A court has cited him in an anti-corruption campaign. (CNBC)