CNBC's Rick Santelli joins 'Squawk on the Street' with the latest economic data to cross the tape.

The University of Michigan's final consumer sentiment reading for November registered at 51.0, a slight increase from the mid-month figure of 50.3 but still close to record lows. The current conditions index dropped to 51.1, marking a new low, while the expectations index improved to 51, its best since September. 

Inflation expectations for the next year declined to 4.5%, matching July's level, and the five-to-ten year outlook fell to 3.4%. Treasury yields remained relatively stable, and wholesale inventories and sales data showed minimal growth, with market expectations for a rate cut staying in the high 60 percent range.

November consumer sentiment falls near record low

Rick Santelli has that for us today. Hey, Rick. Yes, and not necessarily good news here. These are University of Michigan November final reads and 50.3 on the headline was our mid-month read. That was pretty much one of the close to the all-time low which was 50 and this comes in at 51.0 so it moves up but it's still quite weak in the grand scheme of history. Now if we look at current that moved down from 52.3 to 51.1 and that is a new low. If we look at the expectations what may lie ahead it actually improved a bit from 49 up to 51. 51 would be the best read well just since September when we were at 51.7 so mixed bag but at least all three just like we had S&P Global are above 50. Now if we look at the inflation side 4.5 replaces 4.7. 4.5 equals July to find a lower one you're going to February of this year at 4.3 and finally if we look at 5 to 10 year inflation rates it moves from 3.6 to 3.4. 3.4 would be the lowest second lowest to the year outside of 3.2 which was January so not bad. We see that yields aren't responding much. It's mixed on actually the numbers themselves on inflation that is an improvement. Very quickly inventories wholesale August final read moves from minus two tenths up to zero and on sales that's a fresh August number kind of old final last month was 1.3 this is only up one tenth of a percent that would be the weakest on the sales side since it was down four tenths in May. Very quickly we're hovering at 350 in a two year. Two year close yesterday at 353 last week at 361 and on that 10 year you reference 406 for the session is down three. 415 last week is where we settled and percentages we're hovering in the high 60 percent for a decent cut. David back to you. Rick thank you.

A powerful earthquake has struck Bangladesh outside the densely populated capital of Dhaka, killing at least five people and injuring about 100, according to the government.

Dhaka

At least five killed as magnitude 5.5 earthquake hits Bangladesh

The COP30 climate conference was hit by divisions on Friday (November 21), over a proposed deal that dropped any mention of fossil fuels, prompting the summit host Brazil to plead with delegates for unity.

Belém

Draft COP30 deal drops mention of fossil fuels

Fátima Bosch Fernández of Mexico has been crowned Miss Universe 2025, securing an electrifying victory at the center of a turbulent pageant in Bangkok.

Bangkok

Miss Mexico crowned Miss Universe 2025

According to UNICEF, more than 400 million children globally live in poverty, missing out on at least two daily needs such as nutrition and sanitation.

UNICEF: More than 400 million children globally live in poverty

The fire in the Blue Zone of the UN climate conference forced evacuations and stalled negotiations as the summit nears its end with many agreements yet to be made.

Fire disrupts climate talks at COP30 in Brazil

Top Democrats condemned President Donald Trump after he accused six lawmakers of "seditious behavior," a crime he said is "punishable by death." The lawmakers posted a video telling military members to disobey illegal orders.

Washington

Trump accuses six lawmakers of "seditious behavior"

President Trump approved a 28-point plan to end the Russia-Ukraine war, a senior White House official confirms to CBS News. Ramy Inocencio has the latest.

Ukraine Invasion

Trump approved 28-point plan to end Russia-Ukraine war

There are reports that the U.S. and Russia have drafted a plan that would end the war in Ukraine, but it proposes that Kyiv give up territory and some weapons.

Kyiv

Ukraine expected to give up land, some arms under U.S. peace plan

All 267 people on board a South Korean passenger ferry that ran aground off the southwestern tip of the Korean peninsula on Wednesday (November 19) have been rescued, in an incident that revived memories of the major ferry disaster in 2014 in which 300 people died.

Mokpo-si

Ferry runs aground off South Korea, crew negligence suspected

On Wednesday, U.S. President Donald Trump signed the bill that forces the Justice Department to release the files from its investigation into the late sex offender Jeffrey Epstein. The bill was passed by the U.S. House and Senate on Tuesday.

Trump signs bill to release Epstein files

U.S. officials are now in Kyiv for the Trump administration's renewed push to end the Russia-Ukraine war. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan has the details.

U.S. officials in Ukraine to push for renewed peace talks

Harvard University is opening a new inquiry into faculty connections with convicted sex offender Jeffrey Epstein. Cam Srivastava, college administration reporter for The Harvard Crimson, joins CBS News with more.

Cambridge

Harvard announces new probe into faculty ties to Jeffrey Epstein

U.S. President Donald Trump has authorized a plan for the CIA in Venezuela, according to a New York Times report. CBS News' Charlie D'Agata has more details.

Trump authorizes plans for CIA covert operation in Venezuela: report

An Israeli strike on the Ain al-Hilweh Palestinian refugee camp in southern Lebanon killed 13 people and wounded several others, the Lebanese Health Ministry said Wednesday. The Israeli military said it struck Hamas militants who it said were operating in a training compound there.

Beirut

Middle East Conflict

Israeli strike on Palestinian refugee camp in Lebanon kills 13

The Epstein files bill is expected to reach President Donald Trump's desk for his signature on Wednesday (November 19). CBS News' Taurean Small reports.

Trump set to sign bill to release Epstein files

Microsoft and Nvidia plan to invest a combined $15 billion into Anthropic. Bloomberg Intelligence's Mandeep Singh discusses why two of the biggest backers of OpenAI are putting money into its rival.

San Francisco

Microsoft, Nvidia to invest up to $15 billion in Anthropic

Hamas rejects the US-drafted UN resolution for a Gaza ceasefire and international stabilisation force.

New York

UN Security Council vote: Hamas rejects Gaza 'peace resolution'

President Trump welcomed Saudi Crown Prince Mohammed Bin Salman to the White House on Tuesday. The two leaders announced a boost in Saudi Arabia's planned investment in the U.S., from $600 billion to nearly $1 trillion.

Trump, MBS announce boost in Saudi investment to U.S.

President Donald Trump hosted Crown Prince Mohammed bin Salman at the White House on Tuesday, with the Saudi de facto ruler seeking to further rehabilitate his global image after the 2018 killing of U.S.-based journalist Jamal Khashoggi and deepen ties with Washington.

Trump hosts Saudi crown prince for pomp-filled, deal-making visit

The Senate, through the process of unanimous consent, agreed to send the bill to President Trump's desk for his signature without any amendments once it's received from the House.

Senate to send Epstein files bill to Trump's desk for signature

The House has approved a bill that would require the Justice Department to release files related to convicted sex offender Jeffrey Epstein. The bill, which received bipartisan support, now awaits consideration in the Senate.

House passes bill that would force release of Jeffrey Epstein files

Hopes for a strong G20 declaration on climate and debt relief are slim as South Africa readies to host the summit from Saturday (November 22). Global tensions and a boycott by the United States threaten to overshadow the gathering.

Johannesburg

South Africa readies for G20 despite U.S. boycott

At least one person is dead and three others were injured after an attack in the West Bank, Israeli forces said. Meanwhile, the United Nations Security Council backed the U.S. plan for Gaza. CBS News' Ramy Inocencio has the latest.

Jerusalem

Tensions escalate as U.N. Security Council backs Trump's plan for Gaza

U.S. President Donald Trump will host Saudi Crown Prince Mohammed bin Salman at the White House, his first visit since Washington Post journalist Jamal Khashoggi was killed in 2018. The crown prince has denied any involvement.

Saudi Crown Prince Mohammed bin Salman visiting White House

The sale of the fighter jets is one of several major deals between the two countries expected to be announced during the visit.

Trump says he will sell F-35 jets to Saudi Arabia

The U.K. government has proposed a major overhaul of its asylum rules, making it easier to deport people and quadruple the amount of time it takes to become a permanent resident.

London

U.K. introduces tougher laws for asylum seekers

In a blistering opinion, a federal judge in Virginia accused Justice Department prosecutor Lindsay Halligan of misconduct, saying there was a "disturbing pattern of profound investigative missteps."

Virginia

DOJ accused of 'profound investigative missteps' in Comey case

The United Nations Security Council has voted to adopt a U.S. resolution outlining President Trump's peace plan for post-war Gaza. CBS News senior foreign correspondent Holly Williams has the details.

U.N. Security Council adopts U.S. resolution on Gaza plan

The aircraft carrier USS Gerald Ford has arrived in the Caribbean, giving the United States the ability to strike inside Venezuela if President Trump gives the order. The U.S. has also sent thousands of troops to the region.

Trump 'won't rule out' sending troops to Venezuela amid rising tensions

President Trump now says Republicans should vote to release all of the files related to the federal investigation into convicted sex offender Jeffrey Epstein. CBS News' Olivia Rinaldi and Nikole Killion have the latest on what could happen next.

Breakdown