normal very very quickly. >> general charge i want to thank you very much for joining us today. giving us your insights on what we've all been watching develop really since middle of the week and then culminating what we've seen this morning. general clark, thank you very much. >> i want to thank simon hobbs kayla tausche as well. you know the markets would be our central focus particularly on a jobs day where the jobs report coming in better than expected but nonetheless this is a story we do don't cover and our developments with tyler mathisen who takes it away. >> night has dome france the end of a terrible day there. several hostages at a kosher supermarket in paris have been killed. that's the scene on your left in paris. on the right the scene where french security services successfully freed a hostage and killed the two brothers responsible for wednesday's attack at the satirical magazine where they murdered 12 individuals. our other top story today the

u.s. markets falling hard right now after several days of very nice gains. right now the dow as you see down about 1% at 17,731. the s&p 500 close behind it at 2043 in terms of percentage declines. the russell off three quarters of 1% and nasdaq off three quarters of a percent. let's check in with michelle caruso-cabrera. >> thank you. three hostage takers dead in two separate sites in france. the two brothers were killed by police at a printing plant east of paris after they came out shooting. the one hostage there released unharmed. less clear the situation at a kosher supermarket in paris where hostages were being held. one gunman is dead after a simultaneous police raid. the police raid at the supermarket began with several explosions. the still photos we're showing

sue of those explosion. multiple news sources report four hostages were killed. several hostages and police officers were injured. police are still looking for the woman seen here in this picture in connection to the killing of a french police officer yesterday. her location is still unknown and french authorities issued a be on the look out warning. to the left you see the two brothers who were in the shooting northeast of paris, in the print shop. to the right is the gentleman who was in the supermarket. he is dead. the three men on the screen are dead. the woman is still being sought. president francois hollande expected to address the french nation before 2:00 p.m. eastern time. so any time now. president obama is also expected to make comments later this hour. we'll bring you the latest developments on story when we get them. back to you. >> let's bring in a former senior fbi s.w.a.t. team member for more than a decade. welcome. good to have you with us. i want to begin with a question as we think about the mindset of

a s.w.a.t. team member of those individuals both outside of paris and inside of paris. when you go into that situation, kevin. do you go in thinking you're going to try and bringous the hostage takers alive or go in thinking you're going to kill them? >> i think it can be either and it's completely situational. so i think one of the biggest keys for the command structure is to make sure that the emergency assault force knows second by second what the situation is before they are told to go in or if they end up responding depending on how close they are. >> you had two parallel situations going on apparently obviously, i would say coordinated. why do you think kevin, that they moved when they did? >> well i think they could have been worried that the two groups were working together or they

had some intel that that was the case. so you know, the simultaneousness could have been because of that. but i would be speculating. >> sue? >> kevin, to tyler's first question, i would think you would want to try and take the hostage takers alive so that you could then interrogate them and learn more about whether or not these were lone wolves or working with a larger cell. >> oh, absolutely and i think most civilized law enforcement that's the goal. but, you know those guys -- >> kevin, hold that thought for one minute because we have breaking news out of washington. john harwood? >>. >> reporter: the keystone pipeline is passing the house of representatives. they are concluding the vote now. this is going to then go to the senate. senate is also likely to pass it. can they have the votes, republicans, to override a presidential veto and the forensic evidence the house is that they don't. we only had in the range of 25 democrats voting for it.

they would need more than 40 in order to override the president's veto. so what's likely to happen once this south of the way, once keystone passes both chambers we'll have negotiations between congress and the white house on what the president might insist upon in return for approving the keystone pipeline if he's willing to go that far. sue? >> john harwood, thank you very much. appreciate it. kevin, continue your thoughts. sorry for the interruption breaking news. we were talking about whether or not you would be able to then interrogate and find out whether or not these were lone wolves or part of a larger cell. >> right. that's a situation where the operators have to make a split second decision based on what they are seeing and the rules of engagement and of course they want to try to capture these guys but sometimes that's up to the bad guys actually. >> kevin, the timing of the assaults by the special forces was right before dusk. is it comparatively easier to make that action while there is still daylight out there or does

the advantage go to the special forces when it's darker because they presumably have night vision capabilities? >> yeah i would agree with you advantage being to the government after dark and they can manipulate things like the electricity inside the building and other things like that. but we just don't know what precisely was going on inside the situation, and it could have been because of that that they decided to act. >> sue? >> so, kevin, what happens next now? what will the french intelligence agencies be doing now that this part at least of the situation has come to a resolution and, an unfortunate one for the hostage, obviously, but they are still looking for this woman who is at large. >> right. while the tactical situation was very static and being worked on as a barricade, the investigation has been probably cranking all along since just the other day.

so the investigation then will try to focus in on who else is involved and they will try to move those tactical elements to support the investigation where they need it. >> the kouachi brothers the reports are, kevin, were obviously heavily armed, wearing apparently para military gear body armor perhaps and they the reports are, came out shooting. do you expect that when you're a part of one of these operations or do you expect that you're going to go in and maybe fire the first shots? >> well these guys prepare and they plan and this is the highest level of anti-terrorism. they prepare and plan for every contingency. so they also know before they go out that this may not be the typical type of barricade situation they had in their mind what happened in australia recently and so that's the worst case scenario. >> what goes through your mind kevin, before you go in and both

of these situations one where there were clearly multiple individuals in the grocery market, the kosher market in paris, multiple innocents and the other where there was apparently -- what's going through your mind? >> trying to save the hostages. that's the biggest goal. and so there's all sorts of training that goes around that primary goal and it sounded like they were able to accomplish that, you know, for the most part. >> what do you do with your own fear? >> you know these guys have trained so much and they've compartmentalized things and have done this before. i know that group does an awful lot of assaults. so, you know based on experience and capabilities they sort of segment that and they also have each other right nearby. >> what's a tubular assaults. >> airplane assaults and could

also include bus assaults and/or trains. >> kevin thank you very much. we appreciate your insight today, taking us inside the minds much those who staged the assault. >> the market down 163 points let's turn to mary thompson. the velocity of moves we've seen over this week has been very dramatic. >> things hold it will be five days in a row where we had a triple-digit move. what happened today markets much lower earlier today. they came off the lows after the european close. oil prices came off the lows. right around 1130. we're starting to drift lower. this is what traders are seeing. wage data out with the jobs reports which showed average hourly earnings is a decline, is a concern. are we heading in to a deflationary environment. they are watching oil. oil is off its lows of the

session. earlier it was looking sketchy. some traders saying there's a lack of conviction. too many questions out there so no one wants to say we believe this will happen. they don't know it's happening with the ecb. they don't know when oil will bottom. they don't know when federal reserve will raise interest rates. this is contributing to a shaky start to the year for nashts. let's look at the leaders because again i want to focus on interest rates. we don't know when interest rates will rise. one group that would benefit is the financials fold by energy industrials and consumer discretionary because we've seen bad news i should say or disappointing data out of the railers today. bed, bath and beyond lowering its sails forecast. others including steve martin lowering its profit forecast and container stores. a lot of questions out there that's leading to this volatility. >> mary, we'll see you in a little bit. let's bring in chief investment officer at pnc management.

gentlemen, welcome. jim i'll go to you. i know everybody expected some volatility in the new year. i don't think they expected all week in the first week of the new year. >> no. we certainly didn't want to cramp it in this short of a period but we've been lulled to sleep in the last couple of years with low volatility and even on a mean reversion basis i think this year as the fed begins to transition we'll see more volatility in the market at least that normal range which we've been below at for the last couple of years. >> neil do you agree >> i try and use common sense and logic, sue, when i looked at the first four days of the market it was primarily flat. of course the market was closer the first three days. essentially when i looked at it we lost in the fifth day and sixth day 2.5% came back 3%. today is another day. at the end of the day the my is in good shape. companies just got a gift by

cutting their cost on fuel. and more importantly, the consumer just got a tax-free gift on the cut of oil prices and their cost of living. so essentially the volatility you can't let that bother your investment decisions. what you have to do is look at the facts and say where are we going from here? it's going to go like this because that's what trade doers. they want a volatile market. overall the market is in great shape and will flatten out and at the end of the year we'll be up 8% 10%. >> you mentioned oil prices. i want to you react. jim, you first if you will to some concerns that were expressed by vanguard the other day about the risk of deflation. and they talk about the fact that falling prices are not necessarily something to celebrate even if it is in the form of lower oil prices. they say once you're in the cycle it's very difficult to get out. when you look at what drives

inflation most people focus on commodity prices but wages are actually far more important. we did see wage weakness in this jobs report. jim, are you worried about deflation? >> i'm not worried about deflation, sue and certainly deflation be a general decline in asset price. there's a benefit to crude oil declining in this environment and that will end up in consumers pockets. but certain italy lack of wage growth as we've seen solid job growth is of some concern only that about the prospects for future demand. so you would like to see wage growth growing at a faster pace than we've seen up in that 4% range. so that we can have some confidence that in fact future economic growth will be as positive as we've seen in the past 12 18 24 months. >> neil a quick comment on deflation. >> well my quick comment is very simple. look at japan and the deflationary cycle they've been in for the last 15 years and then look at the u.s.

i don't think we'll go into deflation because we're different than japan. japan is a country of savers. we are a country of spenders. the more money that's put in the pockets of the consumer which is oil at 50% reduction is doing, will get spent. it's not going to get saved. oil isn't going to put us in deflation. second of all when you look at earnings going down by two cents and making headlines out of it i got taught 36 years ago if you buy the headlines or sell on them at some point in time you'll deliver a newspaper. look at the facts. >> all right thank you, gentlemen. >> we're going to get the nasdaq right after a quick break. it has been generally a big down day for stocks equities off their loss a bit. nasdaq include. the industrials are off three quarters of a percent or 139 points. s&p two-thirds of a percent lower. nasdaq and russell about half the two-thirds of a percent lower.

also ahead drama at dupont. david faber standing by with an activist against a major company founded just after the revolution. we'll be right back. so no set up fees! wooh! yeah! so i get help from rollover consultants? wooh! yes! no rollover hassle. great. woah oh, we're spiking things, robbie. for all the confidence you need. that's better! td ameritrade. you got this. the conference call. the ultimate arena for business. hour after hour of diving deep, touching base, and putting ducks in rows. the only problem with conference calls: eventually they have to end. unless you have the comcast business voiceedge mobile app. it lets you switch seamlessly from your desk phone to your mobile

with no interruptions. i've never felt so alive. get the future of phone and the phones are free. comcast business. built for business.

. in our headlines five below shares are tumbling after the retailer revised its forecast following weaker than expected holiday sales. general mills releasing plans to cut 500 jobs by closing plants in indiana and ontario adding to 1400 cuts from last year. and reagaingeneron has been changed

to a buy rating. there's been a lot of debate about the jobs number. of course if you monitor the headlines it looks pretty good but the market seems to be digging down a bit deeper even numbers that we don't pay off sometimes enough attention to like wholesale, sales and inventories for november the middle of the fourth quarter. inventories kicked up big. that's pushes gdp up. the fact that sales weren't there has us pulled forwardwith association. look at the five year chart. remember for the day fives were down seven for the week down 19. look at a ten year. a lot different look today, 2.17 is our benchmark where we began and ended. pay close attention to that. for today six for ten down 15

for the week. swiss ten year. you're not seeing an incorrect number there. 22 basis points current yield on the swiss ten year. that's historic low. if we look at the last chart, canada didn't have good employment data this morning and if you look at dollar versus canada it speaks volumes to that report as the there are is hovering against that weak -- i can't think of the name looney the looney. looking at the looney at the lowest levels since april of 2009. sue, back to you. >> thanks so much. stocks are lower today. there's a lot of worries over the wage decline in the report and nasdaq could have its fifth consecutive move of 1% or more. it's been that kind of day and kind of week. we're down half a percent now. bertha coombs is at the nasdaq with more. >> reporter: the nasdaq like the other indices yesterday got into positive territory for the year now negative for the year but for the week it is relatively

the best performer and one of the reasons why is when we look at apple although apple has fallen back today after hitting its 50 day moving average, it's given back some gains along with the rest of the market. it is actually up for the week and for the year so that is providing a little bit of strength. nonetheless we're seeing a lot of decliners here being led by the likes of best buy with disappointing guidance there. also we're seeing some stocks though that are bucking the trend. you mentioned regeneron. but also we're seeing green mountain coffee putting in new highs and winn is one of the winners. back to you. >> drama at dupont fight for kroflt chemical giant heating pup let's take a look at shares of dupont. you'll see them before i will. doesn't matter. i don't need to know. down 1.25.

david faber that's latest. this is the activist. >> a very large activist firm. 2015, well following in the steps of 2014 which was certainly a year where we saw activism at the fore with so many companies. dupont one of the largest companies in quite some time actually facing a proxy fight in this case and normally doesn't go a proxy fight. their playbook has to go in and convince management or the board give us a seat or two. oftentimes they have done that. not the case with dupont despite talk this summer. they are now battling it out in the next few months leading up to the keys annual meeting sometime from now. trian wants four board seats. and it's basically saying we want owen coleman to be held accountable the ceo of dupont for what we believe is performance that could be a lot

better. nominating as i said those four shareholders and going on to talk about things on allocated cost. we've seen some arguments previously from trian but following through with this decision to mount the proxy fight for four directors. it would not be a majority of course of dupont's board but a significant blow to the chemical maker were it to give up all four of those seats. as is often the case it will come down the large shareholders some of the index funds which are influenced by those proxy advisory firms. really the battle here is for those large institutional shareholders many whom trian has dealt with in the past. dupont comes out and says what do you want. we met with you 17 times. we're you were to recommendations but our board chose not to do that. we're not going split the company at this point.

we acquired growth drivers. we acquired cyclical businesses. we bought back a lot of stock. so you'll have this battle that will go on. can be important sometimes for shareholders certainly but interestingly as you noted at the outset the stock is down noupt. there does not seem to be near term a great upside from the idea of splitting the company so, called some of the parts being worth much more. >> how would he proposes the split it briefly? >> they want to split it into growth drivers and less growth drivers but it does involve a lot of different things. their claim, of course dupont operates as a holding company structure. dupont would claim that not as true at all. and we have gone about divesting certain things that we know no longer fit. >> as you say this will go on

for sometime. >> most likely unless there's a settlement. what's most interesting a decision was made -- they only one board seat this summer we'll see if it coming back to haunt them. >> thank you very much. sue, down to you. >> gentlemen the two hostage situations in france ending in a deadly standoff between french police and the suspects. we'll have the very latest from france for you. and how prepared is the u.s. for this kind of home grown terrorism? we'll discuss that as well. we're back in two minutes time. art: i'm going to focus on the heart. i minimize my sodium and fat... gotta keep it lean and mean. pear: uh-oh. heart: i maximize good stuff like my potassium... and phytosterols, which may help lower cholesterol. major: i'm feeling energized already. avo: new delicious ensure active heart health supports your heart and body, so you stay active and strong. ensure.

take life in.

. all right. we want to remind you that the president will be speaking in just a few moments. he's actually in knoxville, tennessee to address tissue of community colleges but he is as you take a look at that live shot expected to also address the situation in paris. and also the situation with the jobs report. meantime the terror suspects in the "charlie hebdo" shooting were on the u.s. no fly list but what about potential home grown terrorism here on american soil? let's zero in on the obama administration, are they prepared for it? president obama as i just said is expected to speak on another matter in just a few minutes but let's talk more about this with our guest this hour. with me here at post nine is ceo of national urban league and former mayor of new orleans and in washington ron christie ceo of christie strategies and

special assistant to george w. bush. welcome, gentlemen. let me start with you, ron, if i could, having been in the white house in different capacities certainly, give me your reflections on where the u.s. stands in terms of its preparedness specifically as it relates to the obama administration? >> i can tell you having spent four years in the white house there's a lot of time of reflection and preparation. i would imagine right now the situation room is monitoring events around the world, working not only with our individuals here at the department of homeland security but our allies in france and around the globe to ensure that if there are terrorist threats out there, things that they need to monitor that information is going to the president in real-time. this national security council staff is a professional one. they have been at this for many many years. they know what they are doing so i can tell you from my experience from having been in the white house that this is a very very busy time now for those who not only in homeland security but the department of defense and doing everything they can to keep us safe.

>> mr. mayor, your comments? >> i would agree with ron. i also think it's incumbent on governors, mayor, local police chiefs sheriffs even private security to if you will increase our vigilance, increase our, if you will preparation at this point. this is certainly one of those things that occurs and it reminds us this terrorist threat continues and the need to protect the citizens of this nation requires continued concentration and vigilance. so i believe, if i know jeh johnson and the department of holds they are doing everything they can to ensure natural we're adequately prepared. >> let me pivot to another subject that on the economic front and that's the better than expected december jobs report. basically the strongest job growth. unemployment rate falling to 5.6%. there was drop in average hourly

earnings and labor force participation rate which we've talked about many times at its lowest point since december of 2008. comment on that because we've talked about the participation rate. >> i think what we got to do is applaud this report and applaud the fact that the last two months, the economy has created almost half a million jobs. we seem to be on a job creation consistent accelerator and that's good news. the wage rate the overall reason that many americans feel like we're not recovering has a lot to do with their earnings. this is why i continue to believe that increases in the minimum wage are important and investments in industries like construction through infrastructure bill would also help because this is also about creating jobs in those parts of the economy where the wages tend to be higher. >> what about that ron, because one of the worrisome things down here is the talk about deflation

with lower oil prices but a lot of people down here are also pointsing to the lack of wage growth and actual wage contraction as perhaps a bigger problem leading to deflation. >> i think that's a very valid concern, sue. if you look at average, wages have decreased five cents for every hour for every worker. what i'm concerned about is what we've touched on so many times is the labor force participation rate. it went down a tick. it went down from 62.9% to 60.9%. this is where it was in 1978 of february. the reason the unemployment rate dropped you had thousands of people who decided they could no longer find a job or in position to obtain a job. there's so much to do. the house of representatives just passed over my shoulder here a bill that will go the president, that will create jobs and that's the keystone pipeline project. if we can sit in a room and work with those trying to make sure

we can find jobs for those who need them we would agree this is a positive step forward. >> the keystone pipeline create as small number of permanent jobs. that's absolutely the truth. so ron, i think we can find an intersection is on a construction and transportation infrastructure bill which would create jobs in all 50 states of the union, far more than the keystone pipeline. >> all right. well he's almost there. he's almost there, ron. >> i'll get him next month. >> thank you both gentlemen. appreciate it very much. it's about 1:32 in new york city. 7:32 in the evening in paris. let's get you caught up with the latest on today's terror drama, deadly in paris and is your surroundeds. michelle caruso-cabrera has it all for us from the breaking news desk. >> reporter: police launched simultaneous assault on gunmen who held hostages at two locations at the outskirts of paris and appeared all of the

gunmen worked as a network. one hostage was rescued but four hostages in a grocery in the store paris were killed. explosions were seen and heard at both locations at almost the same time. these photos show you the launch of the police raid on the kosher supermarket. several hostages were seen running from the market. raid came several hours after s.w.a.t. teams and anti-terrorist police surrounded the market and blocked off surrounding administrates. amedy coulibaly was the hostage taker at the kosher market. the woman you see on this screen is still on the run. french police announced they are looking for her. also in connection with the death of a police officer yesterday. importantly police say all four of the individuals you see on the screen right now were working together. the two men on the left are the kouachi brothers who are the prime suspects enmass kerr of 12 people two days ago at a paris

weekly magazine andict of a two day manhunt. the kouachi brothers were killed today after a nine hour stand off near charles de gaulle airport. they were held up at a printing shop with a hostage who escaped unarmed. the kouachi brothers said police came out of the building firing guns and were killed by police. when it was over police said cherif kouachi was rescued alive in the police raid. back to you. >> thank you very much. handily gamble has been close to the raid northeast of paris and joins us now live. what is the scene as you see it at this hour hadley and what can you tell us how events unfolded today? >> reporter: well just about two

hours ago, just as the sun was setting near this village of dammartin-en-goele, we saw a barrage of heavily armed police cars flying past us on this road that you can see behind me. we saw multiple ambulances. their sirens blaring. they were headed up the road. behind me a couple of kilometers away and that's where those two suspects were holed up in that printing building holed up there. they were holding one hostage. moments later sounds of explosions. there were sounds of shots being fired as well. we understand that they came out of that building and are now dead. they are linked however say french authorities to that other suspect the one that also lost his life today in paris as well leaving multiple casualties behind and also four casualties dead as well. i want to also add the situation here in france not just in this area starting to get a little bit quiet here but in france itself we still have a major

feeling of unrest. we're talking about three terror attacks in three days. we also know international leaders are planning to come for this day of unity called for by francois hollande . that's on sunday. the prime minister of uk and prime minister of italy planning to attend. three days of terror and leaving major unrest here in france. >> hadley thank you very much. let's turn to the metals market. the dow down 136 points. we have a little bit of a bid on the gold market. we're up about $8. in some of the other metals mixed bag mostly in the green for platinum. copper market don't the down side. you're up to date on the metals market. >> the day's jobs report a good number at first glance but doesn't tell the whole story. we talked a little bit about it. that's what the market is reacting to. we'll explain what the market is telling us when "power lunch" returns. you stay up.

you listen. you laugh. you worry. you do whatever it takes to take care of your family. and when it's time to plan for your family's future we're here for you. we're legalzoom, and for over 10 years we've helped families just like yours with wills, living trusts and more. visit us today for legal help you can count on. legalzoom. legal help is here.

have you heard of the new dialing procedure for for the 415 and 628 area codes? no what is it? starting february 21, 2015 if you have a 415 or 628 number you'll need to dial... 1 plus the area code plus the phone number for all calls. okay, but what if i have a 415 number, and i'm calling a 415 number?

you'll still need to dial... 1 plus the area code plus the phone number. so when in doubt, dial it out! stock market is lower today on this jobs day and on the back of two big up days we had a lot of volatility this week. right now the dow is down 140 points. well off its low of the trading

session. s&p is down about 14.5. nasdaq is down 26 on the trading session. as for the oil market which everybody is watching we had some big percentage moves to the down side in both west texas intermediate and ice brent crude. west texas off half a percent and ice brent off two mr. cents. morgan brennan joins us with a market flash. >> check out regeneron. their drug was found to be effective in lowering bad cholesterol. administered every four weeks instead of two weeks. so they are trading up on that news. after two monster days stocks sliding today on the heels of that latest jobs report. the unemployment rate did fall to its lowest level since 2008 but not all good news. latest report telling two different stories about the u.s. labor market.

we'll explain.

welcome back to "power lunch". check out gilead sciences. it is trading up about half a percent on news. anthem is down about half about three quarters of a percent. >> u.s. employers adding to payrolls at a solid pace. 250 jobs last month alone. that topped estimates the unemployment rate now at its lowest level since june of 2008. nearly 3 million jobs steve liesman added in the last year yet stocks are sliding, the dow down by triple digits. what's going on. >> there's a puzzle. the puzzle in this context is you have a decline in wages amid strong job growth but a lot of economists are not getting side tracked by this particular story. let me explain why.

while it disappoints the market economists know whatever fancy analysis you do of the low wage growth but high job growth the answer to low wages is still more jobs and we are creating jobs. here's the numbers. 252 and then add the revision in so i get 252 and 300. the unemployment rate ticking down by .2 to 5.6%. there's that decline in earnings. just up 1.7 year-over-year. charlie evans on "squawk box" this morning talking about the low wage growth. >> that wage number you saw this morning going down is somewhat indicative of the low inflation pressures that we've been seeing. i think if we're going get inflation up to our 2% objective we'll have to see wages increase more. that's indicative one of the dilemmas we're facing and that's why i'm in favor of being patient on raising interest

rates. >> some economists think it could be composition of jobs. low wage hiring or little or no high wage job growth but that's not what we're seeing. construction up 48,000. that's high paying. professional business manufacturing and there's government which can be high paying. ubs points out that was not the case in december with high wage growth rising at 2.7% annual rate faster than low wage growth. several economists said they are going to look through this wage number chalking it up at least for now to volatility. the fed will do the same. >> really i think i heard you say at the top you can't have wage growth unless you have job growth. and that tightens the labor market. >> it could be all kind of other stuff going on. could be related to obamacare, other things that are out there in the economy. but whatever the problem is with low wages certainly more jobs. >> all right, steve liesman, thank you very much. sue, a lot has happened in the last hour. tell us about it.

>> it sure has. here are the big headlines that you may have missed in this hour of power. we have them all for you in just about two minutes time. financial noise financial noise financial noise

i take prilosec otc each morning for my frequent heartburn. because it gives me... zero heartburn! prilosec otc. the number 1 doctor-recommended frequent heartburn medicine for 9 straight years. one pill each morning. 24 hours. zero heartburn. alright, so this tylenol arthritis lasts 8 hours, but aleve can last 12 hours... and aleve is proven to work better on pain than tylenol arthritis. so why am i still thinking about this? how are you? aleve, proven better on pain. bulldog: well pup, it's out with the old and in with the new during mattress discounters' year end clearance sale. pup: look! i found a red tag! bulldog: that means folks can save up to 40% on clearance mattresses.

pup: oh! here's another! bulldog: that means up to 48 months interest-free financing on tempur-pedic. pup: i found another red tag! bulldog: what? where? pup: right here, silly! [laughter] bulldog: that tickles! mattress discounters' year end clearance sale ends soon. ♪ mattress discounters ♪ welcome back to "power

lunch". check out polaris industries the stock sinking after it was downgrade the off road vehicle maker. citing a stronger dollar and lower farm and energy spending. that stock is trading down more than 4% today. harley davidson also falling in sympathy down about 2% as well. guys back to you. >> in this hour of power, a very rocky day for oil rebounding after its session lows as crude faces it's seventh consecutive week of falling operations and energy sector continuing losses today as well. david faber reported on the pressure dupont is now facing from the trian fund as it accelerates its push to break up the company. regeneron hit session highs after their cholesterol drug shows promise. in yahoo! finance question of the day today we asked what you

thought was the most important take away from the jobs report. 19% of you said drop in the unemployment rate. 37% said the drop in the labor force. 44% said the fall in wages. ty? >> thanks very much. let's take a look at a live picture from knoxville, tennessee where president obama is expected to speak any moment. in fact there's the vice president joe biden and his wife jill biden who it turns out is a community college teacher in northern virginia. the president had been john harwood, expected to talk and will talk about his plan for community colleges but we're told as well that his day has changed, obviously. the jobs numbers, the attacks in paris and perhaps even potentially though i would not expect it necessarily a comment or two on the keystone pipeline. john has been covering the president today from washington. obviously a day where news overwhelms. >> reporter: we can hear references to all three of those things there in the president's

proposal which he's laying out in advance of the state of the union address is to have community college available two years for free all across the country. got a plan that is going to ask states to match a preponderance of federal money to pay for it. that message has been overtaken by what's happened in paris which we expect the president to address and also by the jobs numbers which were higher than we expected. not as high as they were in december but nevertheless in november rather but nevertheless good news and we expect the president to address that as well and the keystone vote is part of the backdrop of today. the president has been insisting that he's going to veto a keystone pipeline bill but remain open to negotiating with the house and senate on that and part of a fundamental disagreement what do you do about the economy. keystone is part of the republican answer. the president said it's not that

important to our mic future but things like making community college free for all people in the united states is something that will raise middle class wages in the long run and so that's where we find it where the president will come out and talk in a few minutes once joe biden and jill biden are done. >> john harwood, thank you very much. we're monitoring the remarks of france's president francois hollande who is speaking to the nation from paris tonight in the wake of the deadly assaults by para military forces in paris and on the outskirts. michelle caruso-cabrera has been following the remarks and has some news. >> reporter: so far the president as you might expect has offered condolences to the families of the victims of the dead and injured. he's also offered great praise for the armed forces that took down the terrorists calling them courageous and saying they are incredibly effective. he also says france is not

finished with its fight against terrorism. he's asking for vigilance from all and that they need to strengthen the resources in all the public places so they can live their lives quietly and safely but we need to stay on alert. that's what we've heard so far, tyler, and as we hear more we'll bring to it you. so far he hasn't actually made any news but made a very somber speech as you might expect considering the events of today and the last three days. my>> thank you very much. shall we go down to sue? >> i think we'll see what's going to happen on "street signs". i know they will be following the situation in paris as well as the market. >> you're right. of course that situation and many others going on. incredible day for news. we'll keep you abreast of all the latest developments. here in the united states and also across the world. but elsewhere the president wants to make community college

free. we were just talking about that a moment ago. who will pick up the tab for this. we'll take his speech and also debate the merits of his plan. since it is jobs friday we've also got steve liesman along for the ride. so join us at the top of the hour. but power returns right after this very quick break.

welcome back to "power lunch". check out alere maker of 15 minute flu test. the flu is widespread nationally and this season is shaping up to be a severe one. in heavy trading that stock supermore than one half percent. tyler, back to you. it has been a very busy hour and morning. if you missed it here are the top headlines. a terrible day in france is coming to an end. several hostages at a kosher supermarket in paris have been killed. that's the scene right now on your left. on the right the scene where french security services successfully freed a hostage and killed the two brothers responsible for wednesday's attack at that satirical magazine in paris where 10 people were murdered. french president francois

hollande spoke from paris. he said he'll join a rally for unity on sunday in paris. those shots obviously earlier today when it was daylight outside that industrial park where the two terrorists responsible for the wednesday massacre were holed up and eventually killed. killed in a police raid the man on the right, amedy coulibaly who was police say the hostage taker at the supermarket. and also the prime suspect in the killing of french police officer yesterday, the woman in the photograph is still on the run. french police announced this morning they are looking for her. also in connection with the death shooting of that's police officer yesterday. importantly police say that all four of these individuals were working together. the two men on the left the kouachi brothers were the prime suspects in that massacre two days ago at "charlie hebdo". president obama is in knoxville at this hour. he'll make comments very soon on

the paris terrorist situation as well as his remarks about his plans to make more broadly available free community college education. sue? >> let's check the markets because it is a down day today and very volatile week. we'll see how we go into the lose. dow is down 146 points on the day. the s&p is down about 15. the nasdaq is down 26. and the russell is down about seven points on the trading session. the biggest percentage loser is the dow followed closely by the s&p 500. oil on track for it's seventh straight weekly loss. west texas intermediate at 1% and 2% for ice brent crude. the transports are up almost 100 points and under 2% on the ten year note. >> sue, thanks very much. that will do it folks.

thanks for joining us on this edition of "power lunch". >> "street signs" starts now. >> 252,000 new jobs rounding out the strongest year for job creation since 1999. but the market is not smiling. wages are stuck. crude is falling and france is in shock. welcome everybody to "street signs" on this snowy cold friday. steve liesman is joining me today. welcome to the show. tell me what the markets are up to. >> we're down pretty much across the board here mandy. take a look. we're down 220 points on the dow. off the loss. but the stocks have turned lower for the week