US trade deficit at $43.09B in November, vs $43.6B estimate

CNBC's Rick Santelli reports the latest read on trade data. CNBC's Steve Liesman joins the "Squawk Box" team to discuss. The shortfall in goods and services declined to $43.09 billion for the month, below the $43.6 estimate from economists surveyed by Dow Jones. That represented the lowest deficit in more than three years. That was down sharply from the $46.9 billion in October, which was revised lower from an initially reported $47.2 billion.