administration. >> david, we have to leave it there, guys, we do appreciate it. that does it for us here on "power lunch." >> thanks for watching. "closing bell" starts now and we'll see you, melissa on "fast money." >> see you then, brian. hi, everybody. welcome to "closing bell." i'm kelly even. >> and i'm bill griffeth. a nation at war. french president hollande declaring that appear while ago. hundreds injured and a country on edge. we'll take you live to paris for the latest developments in just a moment. >> the broader market meantime near session highs investors seemingly brush iing brushing f.

airlining and travel stocks are taking a hit. meanwhile, oil has been the one leading the pack today. a report this morning that the u.s. attacked isis oil trucks for the first time. we have an analyst joining us from europe with her take on that, with oil un2.7% after having been lower earlier in the session, challenging that big level. >> a big move. we begin in paris, where michelle caruso-cabrera has the latest details. michelle? >> reporter: hay there, the secretary of state is in paris. 40 minute from now he'll participate in a ceremony, lighting the embassy in the colors of the french flag, this

comes one day ahead of the meeting with president hollande. they'll discuss what happens to be an effort to try a coordinated response to isis. the terrorists who committed the horrific attacks that occurred on friday night. today paris is trying to get back to normal, businesses are reopening. there's traffic in the streets, but amid after that there was a national moment of silence held across the country, many cities in europe, in asia and also the united states to observe and honor the victims who died friday night, as night falls here, the you could a that serve as a millenniumiale, the candles have been placed a bit better here as night fails. we're efforting you to bring john kerry's remarks live. he speaking both in english and french, and we hope to bring that to you live.

president obama seemed to have a -- couldn't have been more different with francois hollande. we think back to when he was first put in office, he was described as boring, wasn't that popular with the french people. what a turn event have taken. it was extraordinary that scene at versailles this morning, and extraordinary the tenor of his remarks where he was as hawkish as you could possibly imagine a western leader to be. >> absolutely hawkish. and remember this, we've seen this from francois hollande for some time, when president obama talked about bombing syria, because he crossed a red line when it came to used chemicals weapons backtracked.

. we are there. we didn't do it. if you want to make this your effort, we're going to understand again now you have to wonder what this result, what this force is going to look like. >> yes, absolutely. i mean, nobody is still talking at this point about boots on the ground. neither is the french president at this point. i will say, despite what in the past has been the u.s.' willingness to commit to thing -- today in his spech hollande was very quick to thank the united states for its support in its efforts, and at this moment of crisis for the country. he also asked, kelly, for a lot more power. he'd like the country's constitution changed to give him more power to declare war and better tools to commit to the fight that he needs to do here. >> repeatedly emphasizing the

number of jobs that would be added, potentially expanding the military. >> sounds all very familiar to the united states post-9/11. >> thank you, michelle. we'll be talking to you throughout the evening, and we'll try to bring you some secretary kerry when they do that lighting. >> the markets are almost at session highs, the dow up nearly 200 points. many are looking at oil prices, after they had initially dropped in the wake of u.s. air strikes. >> yeah, look at that range that oil has been in, joining us for more on the geopolitical impact, she joins us from london where she's attending a conference for the international crisis group. thank you for staying late for us. what is moving other. >> initially nothing, and now we've seen this big rally. what's going on? >> yeah, i do think it's the

geopolitical risk returning a bit today. initially people were very complacent about this. once it seemed there was no immediate threat to the infrastructure, and now i think there are reports you were talking about u.s. targeting the oil trucks. i think that's what getting a bit up. but i seem sake -- isis operates around such critical gulf infrastructure, and throughout this year, there has been the view that really they were not going to attack any energy facilities. i think it's dangerous complacency in the market. >> so what you're saying is actually it's not what we're doing to isis, but actually what isis could potential doing to supply lines? >> well, i think, you know, anytime you have, you know, increased military activity in the middle east, that is a bit up to oil, but i think what's not appreciated never, i think isis really poses no in that threat. a couple weeks ago we have an

isis bombing in the basra area, the heart of the southern iraqi oil region. it's a civilian target, but they could always change tactics. they have done several bombings in the eastern province. we've got to interrupt at this point. sorry for that. we are taking you back to paris. we do have secretary of state john kerry addressing the public. >> the world lost suv a beautiful shining light. i understand the sadness of know who knew nohemi and other victims. the world is diminished by their deaths. no words of comfort, sorrow or even resolve can change that. we don't have the power to bring them back. so we must do instead what is within our power. that begins with a sense of fierce solidarity among good and decent people everywhere, with a vow that we will never be

intimidated by terrorists. no one to doubt that the light still signs in the city of light and darks in will never, ever overpower it. as history records, paris has known even darker. ed pursuit of justice and the embrace of peace, the pleef in the dignity of the worth and the rights of every human being.

tonight the u.s. embassy in paris joins the sfm landmarks around the world shining the lights of the frerge republic. we do so to as a reminder that yours american sisters and brothers will stand with you shoulder to shoulder, as we have stood together throughout history. tonight we are all parisians, and as the old motto of this resilient city says, and as parisians have painted across the social media in recent days -- [ speaking foreign language ] buffeted, but not sunk. we will not let our sorrow for the loss of life overcome us.

we will not lose sight of the work we trying to do. we will not change our course or cancel our plans, including our plans to come together in paris later this month for the u.n. planning conference, and president obama told me today how much he looks forward to being here and being part of that important moment. ultimately we will defeat d.a.s.h., and all who share their despicable ideasologies, and we are on the court to do so. we will also continue to show compassion for those who seek refuge from violence. we will fight to ensure the world our children inherit is richer in love and shorter on hate. we will work to bring, lie nohemi gonzalez, a beautiful shining light to areas, places that are couched in darkness.

that's our responsibility. that's our duty, and we will do our duty, side by side, and we will prevail. [ speaking foreign language ] >> so secretary kerry continues his statement there in french. as they begin that lighting ceremony there at the embassy. he will be meeting with president hollande tomorrow. we're still with alima croft there in london. again, i'm reminded of the events after 9/11, the

solidarity that was achieved among the alilies. i think the key question is what michelle raise, what changes are made in terms of tactic. it looked like a stepped-up air campaign, or will we see an intensified the use of special forces. the air campaign some people say has diminishing returns. the question is what are the next steps going forward? >> it's interesting to hear secretary kerry refer to the term as d in acronym sounds line the arabic words means that isis it's noticeably gaining more use across the west.

this is going to be an important one if the decision is made that it's no longer to be referred to by the name it prefers to indicate what its mission is and what its goals are in the middle east. >> yes. one of the goals clearly of the islamic state or d.a.s.h. is to have a state or occupied territory. that's why people say you have to use some type of ground force, take their land away from them if you want to be effective. so i think the real discussion will be what type of enhanced military tactics are you going to use? >> i have to go back to something you said that you saw as perhaps complacency. how much do you think the market takes into consideration the increased capability of u.s. producers to make up for any potential loss of production that we see overseas as a result of isis? >> i think the big issue right

now are the inventory numbers that came out last week. you have the report of 3 billion in global inventory. that can potentially provide you one month's cover, so that gives people the ability the belief that we can weather any storm. but i always say we have four wars in the middle east. normally we have one. these are going in areas like libya, in iraq. these right in the heart of the critical oil-producing region, so i don't think there's any cause for complacency just because of we have high inventory less. alina croft f. thank you for staying late. appreciate it very much.

i think the resilience is exemplified by not only what's happening in out, but in equities. this is really about a safety trade, no matter where you go. ed market will look to bounce up that. is that part of this rally? >> i think so.

it happened quicker than we thought. i think the market has turned down. i think one of the reasons was the concern about the world's economy. and a better world economy theoretically helps the stock market as well. >> and rick, dollar going higher, but gold hasn't moved a lot. we've had a bit of a higher move, but in that regard not the kind of among. you would get i sigh a differentiation between the outcome of the european economy over time and the u.s. economy over time. if you look at charts of tens and 30s, they're basically a little higher in yield lower in price that we had some friday, not seeing the short end.

they're handy capping, that not only is the europe economic weak, but this may wake it weaker by various sectors, whether it's air travel, all the cottage agencies related to tourism. i know that it's tough to talk about markets after all the human pain and suffering from friday, but i think investors and the movement of money is. it's looking past some of those issues. >> all right. wish we had more times, guys, we have to go with all that breaking news, appreciate your patience, times and thoughts. about 43 minute before the close. the s&p 500 adding 25, the vix is lower, the nasdaq is up 49. >> meanwhile, president obama said today in turkey it would be

a mistake to send a large force of u.s. troops to syria, but would it be a bigger mistake not to? a reaction from a leading defense experts when we come back. and ahead, bob pisani will look at one sector hitting hard, and it's the airlines. we'll be right back.

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this orderly would have been or top story of the day, but given international situation it's not, but the international buying starwood hotels for 1212.2 billion, consider the brands involved in this deal. marriott includes, of course, marriott, court-yard, ritz carlton. starwood owns sheraton, wes weston, and both ceos will be on "mad money." be sure to join um. eye specially because we heard jim voice some concerns about the details. president obama said it would be a mistakes to send a large force to syria. john harwood has the latest.

>> he had no apology it's the right strategy to work with local operation. also distance himself for what the political opposition is sake, suggesting it was mostly about politics. >> folks want to pop off, have opinions, about what they would think they could do. if they think their advisers are better, or -- i want to meet them. we can have that debate. what i'm not interested in doing is posing or pursuing some notion of american leadership or america winning or whatever

other slogans they come up with. that has no relationship to what is actually going to work. >> there is a practical problem, as you can see from the wall map, a strategy on dealing with syrian refugees. the administration is committed to taking 10,000 of them. we've seen governors in 15 states from the midwest, places like indiana and illinois, from the south, states like florida, alabama, texas, even up into the northeast, massachusetts, said they were not going to accept syrian refugees because of security concerns, the administration says they can still work with states and implement the strategy, but it's gotten more difficult today, guys. >> and new hampshire the first democratic governed state to do so. for now, thank you, john. the president's isis strategy has been praised by

some, castigated by others. >> we're joined right now by anthony courtsman with a center for strategic and international studies. he's a frequent consultant to defense and state departments. you agree with president obama, though. there's a lot of pressure on him, and a lot of skepticism in that news conference" press in turkey, consistently asking why he wouldn't go after isis in a more precise military -- but you agree that a more measured strategy is the most effective method. why? >> we have to be careful. we are really beginning to step up the air campaign, attacking a much wider range of targets. we began this before the attacks, but we don't know how effective it's going to be. incidentally, france is our primarily partner in carries out those air strikes.

we also have begun a different approach to boots on the ground. that is to put special forces forward, to take the train and assist effort, to put it into combat units that are in arab or kurdish forces, not simply trained from the rear. that offers another way of providing a much stronger ability it to build up local forces and carries out this mission. but when it comes to deploying ground forces, you have to get the men, have to base them somewhere, have to support -- i have to thrust them into syria where you have an ongoing civil war between arab rebels and the assad rejeeps where the curtis and the arabs are in deep confrontation and tension in some areas, even more deep tension between the kurds and the turks.

in iraq you have tensions between the kurds and the arabs, the sunnis and the shiites, you have iran in both countries. in syria you have the hezbollah, and then in iraq you have the shiite militias. if we go in, we almost certainly with large ground forces be perceived by one or more side, other than isis, as hostile. >> understood, but -- >> then we have to go into cities, fight on the ground in areas where civilians are used as human shields. we don't speak the language. we don't know the area, and we are not seen as muslims eismgts you want years of new tragedies like paris are almost inevitable. given all that you've just, do you think they're inevitable no matter what kinds of boots on the ground or air strike

strategy may be employed in the years ahead? >> well, certainly whatever we do on the ground in combat against isis is only one of many extremist movements that can carry out terrorist attacks. counter-terrorism in defendanting the u.s. and our allies is counter-terrorism. it isn't a matter of airpower or forces on the ground. this is the area where we can do moth to prevent terrorist attac attacks dealing with isis brings stability, but it doesn't top terrorism. >> what would that effort look lie, that would be most effective in counter-terrorism? >> we have been doing this now for 15 years. what we found is that it isn't some simple, easy step. you need to have measures to detect terrorists that will spot things like suicide invests. you have to improve the security

around areas. you need to improve intelligence, cooperation and national efforts. you need to take a concerted effort to counters the ideological extremist message you need to take steps, the kind of measures that france is taking already. there's no one solution, and every time we improve our capabilities, they improve their ability to get around them. so it's an ongoing duel. we can never lose sight of the fact. we must constantly improvement our capabilities. inch doctor, good to see you again, thank for you joining us and your insights. >> my pleasure. not easy.

>> with a little more than 30 minute toss go, the dow is now up 226 points, sitting at highs of the session. oil prices have been moving in lockstep -- now to over $43 a barrel. that's actually, it seems, helping to propel the markets higher. coming up a leading expert gives us a take on whether russia and europe should work together. >> when we come back, bob pisani taking a look at where airline stocks could go from here. after this. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most.

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airline stocks trading lower. >> bob pisani is assessing the damage. >> a muted response overall. airlines did have a negative reaction. the concern was a lot of asian travelers, particularly to france may cansedle trips and there were some indications that was happening at least on some degree. a lot of people i talk to, when they events have happened in the past, economic activity at the times to get hurt very short term. >> that is people tend to postpone things, but they don't

eliminate them all together. >> among aother space stocks and defense stocks, predictably we're seeing the same thing in the airlines, too. same thing with the boeing here, and 1.8 million. that's about a normal day's volume. back to you. >> bob pisani, down to 225 points. >> up next the top trader will tell us what he's watching. me a leading expert wall streets in on the informal meeting over the weekend. coming up.

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welcome back, less than a half hour to go. what do you make of this rally into the close? >> i'm pretty darned excited about this rally. we broke a few technical levels. if you give me 205, i'll give you a party. >> why, though? we look at oil moving higher, maybe some relief, but the dollar is up significantly. we have this massive terrorist attacks. >> it's at if the attacks didn't

happen. we had oversold commodities in retailers, energy, so here we are with a situation where we have in almost enormous technical bounce. is there conviction? i'm not sure yet, but i'll take it. are you concerned that, i always take the longer term view. >> i have long distance in the energy arena. always at least two or three months. >>. we'll let you get back to it. thanks a lot. thank you. let's check back in with michelle caruso-cabreotor vehi e "amhq weekend," who is live with us. >> reporter: secretary saying tonight we are all parisians.

in the meantime, the manhunt for two suspects is still under way. the first the associated press reports police believe he is the mastermind of friday's attack. he's 27, described as isis' executioner. last known location was syria. the second suspect is saled sal salam, he appears to have evaded capture tess belgian border, because there had not been an alert put out for them yet when he was stopped. there was a big raid conducted in brussels today. it happened in the suburb. it's believe that authorities thought sahlem, but a mayor of the town afterwards said no one was captured.

the approaches 10:00 in the evening here. they are still hundreds of people here at the memorial that has been set up for the victims of -- >> thank you, michelle. amid the turmoil, the relationship between russia and the rest of the world does hang in the balance. you probably saw they images. they spoke over the weekend, leaving many to wonder if they would join the two countries in the fight against isis. what did you think when you saw those images of them meeting? >> look, i think despite the horrific attacks in paris, and mind you also over sinai and beirut in the past few days, it's hard to see a speed change in the russia/u.s. relationship. there's two key issues. one is what is the future of bashar al assad, and the second

is how do we deal with isis? the sequencing continues to be a bedrook dispute. moscow says in order to defeat isis, we need to first secure assad's power, because in their view he's the only person who can rule syria. the u.s. point is you have to get rid of assad first as to take away that recruitment tool for isis. the two sides continue to disagree. i think there's some room on the future of assad. but as far as isis goes, neither of the two sides has the stomach economically or politically to put in a ground force or massively increase the campaign against the islamic state. >> so you don't think that the bombing of the russian airliner recently, for which isis clearly took credit for it, would change vladimir putin's view or strategy against them? >> well, not significantly, no,

i think in the short term we could see an uptick in strikes against isis by russian forces. as you know, the russian attacks or russian bombing campaign in syria has been focused mainly on non-isis opponents. we might see some small shift in that, but i don't think we'll see a massive change to redirect the resources in a more significant way, no. >> doesn't that potentially leave the world unable to respond? because if you have this big a disagreement between these two in terms of approach, that -- fark isis, it certainty does. i think what all size are trying to for him cuss on are is some kind of framework for the syrian civil war, but i think all sides will be kicking the isis question down the road. >> so what do you think obama and putin were talking about?

i guess you think they're talking about more sharing intelligence, but not develop a common strategy. >> yeah, i think the substance was likely to be more focused on how do we go ahead to some ground on a civil settlement, rather than discussions about a sort of massively invigorated common front. >> alex, finally our previous guest suggested if the u.s. were to put more troops on the ground that would only harden some of the opposition peel would feel locally especially if if there was a lot of -- >> he's extremely knowledgeable, so i'm inclined to agree with him, yes, and i think my great is not nearly as important as president obama agreement. the president appears to believe

that sending troops would be reply kale and economically and militarily unfeasible. i think that's where we are. >> all right. alex thank you, from the yoeuraa group. still holding near the highs of this session. >> up next, with energy pushing the market higher, we'll go to the floor of the nymex to figure out why.

many s&p 500 is up nearly 1.4%, the nasdaq is up better -- unbelievable, thinking -- i mean, look down 70%. that's off the low, by the way. >> the colorado biotech had approval for the new lung cancer treatment will be delayed, because regulators want more information, it didn't have the efficacy that previous trials indicated. there was a rival from astrazeneca that does the same thing. a huge disappointment for another boy tech stock. >> cheerily shareholders were betting on that one treatment. so when that goes away, we've got a problem with the stock there. meantime energy sector having one of the best days of the year

led by big rallies in exxon and chevron. >> jackie deangelis has more. >> hi, guys. we did see oil prices close up about 2.5% today, but that's no say we didn't see some volatility within the session. then a little fear, some short covering coming back into the market to settle us at 4174. what's interesting here is traders are waiting to see what happened. there's so many variables. to the down side, that supply glut, the dollar right now, the fact that there will be no u.s. boots on the ground abroad right now at this point could potentially send us lower. maybe we hit the 3 handle, maybe we don't stay there as long, but certainly we need more information before traders really figure out what's going

on here. i also want to point out while energy was ultimate metal were up a bit as well. copper was trading lower today. that indicates to me that there is some fear in the marketplace about everything that's happening, and global growth, even if it wasn't reflected in commodities, the rest of the space today and the equity market as well, so keep an eye on copper. back to you. >> great point. thank you, jackie. 12 minute toss go here, dow still up 215, s&p adding 27 points, after all that happened, the vix lower by two points, and the nasdaq up better than 1%. while the markets may not be selling off, with you veteran asset manager says investors maybe should be using this rally as an opportunity to take a pause and look at the risk in that are portfolio. he'll join us next. you're watching cnbc, first in business worldwide. yeah... surprise...

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nine minutes left. art cashing told us it's $400 million to sell.

also joining us. we went -- i would have thought. you look at the futures market, it wasn't nearly as negative. if you look on the underlying coverage, thesh it was very strong. in fear of the fed, the volatility a little bumpy, and you're in this computer spending season. are we in a sit wailing where the fed could rice modestly. i think they expand from here. whether it's an islamic stay, there was a russian jetliner

downing or more broadly the connection of all of this. that's all you needed to ball. you still need balance, because the geopolitical events are unpredictable. you want something to protect for the unforeseen. will our consumers be less reluctant to spend. will there be more held back? globally we're always in a tough situation. what's the defensive play? >> honestly there's four sectors that i still like.

i know they're up a bunch, but you have room to run there. you buy a real bond. it's a natural hedge, you'll be just fine in the long run. >> thank you, fill. we're coming back with the closing countdown on this rally monday. >> the video game consoles may be a new tool for terrorists. you are watching cnbc, first in business worldwide. rated #1 trading app in the app store. it lets you trade stocks, options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivative pricing model, honey? for all the confidence you need. td ameritrade.

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all right. about three minutes left. this is -- this is the dow. i don't want this to be too complicated. look at the trend here. this is the dow. this is the price of crude oil, wti, and this is the yield on the ten-year note. crude oil had the big rally, when all is said and done, tested $40, then took off. up 3.2% here. that took the stock market with it, the dow now up 1.3%, and yields on the ten-year also moved higher, a little sell-off in the ten-year, so, you know, not to oversimplify, but it looked like they are trying to sell treasuries to stocks here. we hit that 20 level, the level flag territory last week, and

then it was all down, right about the time the rally started that the vix started lower, and right now it's down 10%, bob. we're back -- >> the big discussion was why did we have such a muted reaction? i was surprised too. one i think is reasonable. we were down 1%, and then immediately we bounced. so we were very oversold. we had a terrible week last week. the european market all down 3%. there were a lot of people very short going into the weekend. as we hit dow 1% and started bouncing immediately, one two, three minutes we were bouncing, i think there was a lot of short covering. secondly there were a lot of notes around that indicated that the effects of the terror events, as terrible as they are, economically has been short term. >> right. in the past. and that people, first quarter don't postpone or eliminate trips. they don't eliminate them.

the economic activity is muted. there were a lot of nose about that, and i think people picked up on that. finally, this is a very delicate issues. a lot of people said maybe people are getting used to these terror attacks. i hope not, but we also acknowledge that this can be a factor in this, but you would expect the price of oil to go up, which it did eventually as helena was pointing out early on, it seemed there was complacency there, but i maintain we have the capability to make of any loss of oil there may be in saudi arabia or iraq, cut off by eye says, to make up for some of that loss. it's obvious that the excess supply clearly trumped any potential short-term market disruption, and the market really turned around, only around noon when oil went -- we were headed for $40. in the morning that's what we were talking about, oil breaking 40, that completely turned

around. >> thanks, bob. see you later. with just about the high of a session there, with a gain of 234 points. ringing build build el here at the new york stock exchange. its major league shocker ringing the closing bell. stay tuned for the second hour of the bell with kelly evans and company. i'll see you tomorrow. thank you, bill. welcome to "closing bell." aisle kelly evans. here is how we're finishing an extraordinary session. after the weekend. the paris terrorist attacks and 4% opening to the down side we thought we saw on paris' major boards. not only do european markets stage a comebacks, but finished higher, in fact adding 236 points, adding nearly 1.5%, adding 56 points, up 1.15%. oil moving higher today, as well, the dollar higher, the vix

lower, we have our own mike san tolli, and steffie here to discuss it, and with us more to discuss as wes as "fast money" trader brian kelly. brian, let me just begin, gold is one place we did not see a rally today. what does that mean? >> well, you saw a bit of a really on sunday night, and then it really just turned around. gold has to break that correlation with the dollar, so when you get a strong dollar, it's had a tough couple weeks, gold will be a stung long -- and what's most significant about the actions taking place across all the outside classes? >> obviously it was two days to think about whether in fact this was really changing the overall picture. i think the conclusion was based on a very ugly week last week, we closed to kind of short-term

panic levels. i think the setup was for a bounce. when oil started ralliesing right now it's in sync with stocks. >> what do you make of that with oil? here is something that looked like it mike break $40 to the down side. by the afternoon it was moving up and now above 43 a barrel. >> very tough to say. if you were going to have that knee-jerk reaction, you would have thought that would -- this market has basically been confounding everyone who thinking a new trend is developing. it has a reason to bounds. >> great point. every sector participating in a rally today. >> yes, but it felt a little defensive staples, utilities, health care rallied most of the day. it was only in the afternoon that really energy picked up steam. that could have been short covering for all we know. oil got very oversold. it was very close to breaking 40 last week. i don't make too much of oil

today. not given what we've seen in the global economies, i still -- i'm not sure we're out of the woods. but with what rallied, you will say this, i did find some bargains when they really hit the hotel companies and the airlines and the rails, there are some very attractive stories that you can pick up on a day like today, but you've got to be careful. >> mike? >> i think it was very much a big cap rally. indexes and names just to get me? so honestly, i think we would just short-term stretch. down 5% really in about a week and a half, a 24ird of the october rally. we were just kind of set up for a bounce. >> meantime, if we can, it's not just the fact it was up again the dollar, but the levels we are approaching, i thought about 99 1/2 early. if we break through 100 to the up side, what what is next? >> i think you can see a tremendous amount of volatility if you see this dollar break out, which i think it's going to

do. you have to remember a couple things. it will hit multinational earnings. not only that, but talked a lot about the fact there's about $9 trillion in global debt. as the dollar goes up, that get debts more expensive to service, which means you have a deleveraging, that to me is the key behind this whole market. in this case, actually, a strong dollar is not good for assets prices. >> i know again, brian, you've said you're cautious on these markets, but it is, just to go back to the journal today, they're talking about quiet u.s. ports sparking fears of a slowdown. it's one thing to analyze the markets, but it's something else when the container ships just aren't showing up. >> this is part of i think this confounding situation, when you have the markets are stuffed. the stuff people buy at stores is just not very strong right now. everything else seems okay, but there is an issue going on with the kind of things we import and

put into stores. so i don't know if i'm going to make a big economic call based on that. >> that's a good point, but still it is -- this is either something secular, orring this also some transformative moment when we never really look at inventory levels and shipping metrics. >> well, sure, and i think we're seeing in the consumer alternates bit of everything, right? you have warm weather, you have -- so we'll get through that. you have amazon and the internet, ver limited wage growth, though that is picking up, so we'll see in the next couple job reports how that affects the consumer. right now you have a very choosey, specific consumer. that is playing havoc on a very big part of our economy. the consumer 75% of gdp in the u.s. you need them to participate. on that note, when we look again at the fallout from what happened in paris and across europe.

the impact on luxury stocks, what do you think? >> yeah, and you saw it today, obviously the knee-jerk reaction. a love of it is confidence. can the governments bill credibility and build confident for the people. if we see another event usee confident weighs, but for now -- >> on that note let's get back to paris with the latest with our michelle caruso-cabrera. >> night as fallen and there's a drizzle. so the crowds have thinned out program now we can show you the thousands of candles that have been pup you will. john kerry landed in paris this evening. he'll be meeting with fran was

hollande. just about 45 minutes ago and spoke for a few moments. >> the violence, the terror, the senseless murder of 132 people, and injuring the hundreds more, including four americans. this is an assault. not just on france, but coming on the heels of brutal attacks in lebanon, iraq and elsewhere. it is an assault on our collective sense of reason and purpose. >> reporter: he echoed a lot of what the president of france said in his speech today, a very historic speech at versailles in front of the a joint session of congress, which is a very rare event. a very hawkish tone sailing he would like more powers, a constitutional change so he can conduct a better war against isis. back to you. >> looking at those gathered

behind you, michelle, we are talking about the consumer, we know one of responses with a spending response by the u.s. consumer, one in fact that george w. bush called for. anything like that coming for, as people consider their travel plans to europe and paris in their spending plans? >> there certainly we saw reflected in certain stocks here in paris that that is exactly what would happened based on the data. talking about the cancellation rates they were thinking they would be up, more than 7 percent of gdp. to the degree you see any sharp falloff, because where was that growth going to come from?

that would be certainly a damage to the french economy. >> "amhq weekend," thank you. late evening in paris. brian kelly, your thoughts to me, i now you want one of your concerns is as people sell the euro, and the knock-on effect sumplts one just behind is the dollar. that's the single best trait here. everything else will hinge off of that. i would say absolutely not, even though we saw oil bounce off of 40 today, i think you can see some defaults coming in. so for now there's times in the markets when you stand to the sidelines, you either raise some karabell and way for the picture to get clearer. >> mike? >> i think there's a knee-jerk

effect of slowing of travel, had probably will be short-lived unless you see another event quickly. i think it will fade into the background. what if we look to the fed, we know it's expected to raise interest rates the -- any reason -- >> i thought it was telling. based on the market indicators, they did not recede at all. so that shows me not too much change. >> but we haven't gotten a lot of good u.s. economic data points. if the dollar continuing to rally, i would not be surprised to see them hold back a month on two. it won't make a difference either way. if he raise and you have this data continuing. retail sails were down 3.4% last week. copper prices oil, you've got a lot of things that didn't go good last week. you have to keep an eye on that. i think they are as well. i would expect almost that

blowout november jobs report new wants communities, here are the earnings, looking at 41 cents adjusted verse the estimate. that is a beat for q4. retail has been a big store after the disappointing earnings reports. urban outfitters numbers just hit the tape. so in-line on earnings. revenue, though, a bit light, $825 million versus the expectations of 870 million sales sup 1%, but clearly not

enough to get shares excited. >> seema, thank you. >> just a quick reaction. urban outfitters up only is%, anthroflat -- >> you know, the sentiment is so bat right now in retail. none of the companies are getting a pass. let's see if they get a pass. >> some of the dollars is supposed to be good there. >> thank, everybody, be sure to stick around, excel den knit gartman what the mount the thank always for your time. up next, much more on the debtly paris attacks when we speak to the ambassador to france. but the role gaming consoles and messaging app could be playing. >> and will the fed take a december rate hike off the table? you're watching cnbc first in business world wrid.

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paris look to recovers from friday's attack. seema mody is taking a look.

>> morgan stainly writing this morning that post the paris attacks political tensions are likely to increase. it's important to note these were new concerns over security come as leaders are trying to address five other crises taking place across the nation. portugal's government ousted last week. >> catalonia's pushback for greece and spain and talk about europe's my grant crisis already becoming a contentious debate. lastly, russia's involvement in crimea and the implications for ukraine. experts say the laundry list of challenges means -- in terms of economic impact jpmorgan says consumer confidence may be hurt which in turn could push the european bank to be a bit more force many. in response, we are looking at

the euro weakening against the dollar, today hitting a six-month low. >> seema, thank you. something to watch. giving the history of dippics relations, how will they join together joining us is craig stapleton former ambassador to france and the czech republic. welcome. thank you for being here. >> thank you, you were at the 9/11 memorial earlier for a ceremony. >> very impressive ceremony. it was a right place to have it. it was well attended and very emotional. reflect how different not just the relationship itself, but theviews are versus ten years ago. when it was u.s. in the wake of the 9/11 attacks. france was skeptical, it's almost been a flip-flop. >> it's 14 years, so even more than ten. i don't think it's a flip-flop. the french after 9/11 can

complete solidarity. it was later on, they were with us in afghanistan, and it was only -- it was only when the war against iraq started that we had a split with the french. this -- this time the french warranted to do something and the united states seemed to be more recalcitrant, as a practical matter, most of the efforts are done through nato, so we have to be on the same page not only between france and the u.s., but with all our allies to do anything. >> who do you think should be leading the coalition effort? france? or nato? >> i think the united states has to lead nato. we -- we give it the most resources. they belong to the united states, the command and control is in the united states, so nato can't be very effective, as we saw in libya. nato can't do anything else, the united states is fully involved. >> is there anything more different need to be done in terms of information sharing, in terms of collaboration? obviously after an event like this, you start to have those

questions being raised. those are great questions. when i was there, there was very close cooperation, we had not only 9/11, but we had had the madrid bombings, we had the attack in london, and we had in the paris and all the other, the uprisings, so it was all around us during the whole time i was in paris. the intelligence sharing is really good, but you can't -- it's getting harder. you have to follow thousands or hundreds of thousands of people now, not a few. >> can something be resolved in the short term? information sharing takes a lot of parties a lot of people and technology and money. to me it seems like it's going to be pushed out. >> i think we're going to try, because we have to disrupt this. there's two attacks in france in the same calendar year. that's inconceivable. the french thought they were in a safe haven. we thought we were a safe haven. there is no safety. if you're a major city that has transportation systems, that has

stadiums. that has bunches of tourists you're vulnerable. that's where these people's goal is to kill as many people as possible and be on news shows and radio shows around the world to show they're getting the upper hand. at least for 24 hours they have. >> it's security, strategy. on the security front we're not doing the metadata collection like we once were. all of that information is held and not in a comprehensive way. we know the white house's strategy has been, it doesn't sound like that's about to change. >> well, you have to cooperate on the intelligence, and you have to think that there's a threat not just every six months or every two years, but there's a threat every day. i think that's the way our police department wakes up in new york, in paris, but even with that, it happens. so the cooperation has got to be

better, deeper. it's got to be -- we obviously have not as good intelligence through northern africa, in the middle east, as the french do. that was one of the reasons that the cooperation was effective. we absolutely have to work together. even when we work together, we're still vulnerable. we have to go, but do you expect there to be significantly more french troops involved in the middle east? >> they're going to make a statement by sending troops, and the united states is going to have -- has a tough decision not to support the french. >> mr. ambassador, thank you very much. we appreciate it. up next we'll discuss whether terrorists are yust one of the most popular video systems to communicate, and governor saying they will not allow syrian refugees enter their states. we'll have two former agents to discussion whether this is the best way to keep america safe. you pay your car insurance

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many are wonder how the members of isis were able to communicate with each other. belgium's interior minister spoke last tuesday before this happened and said the internet is one top places for recruitment and communication. >> the most different communication between the terrorists is the playstay 4. very, very difficult for our service to decrypt the

communication. >> let's bring in chief scientist from flash point to stay encrypted. first of all. why the playstation 4? >> well, because everybody uses it. the beway to anonymity is to blend? there's a term in the communication world caught s teismt eganography. those terrorists operation cells would know what's going on and look for it. >> i guess the question i have is, does it really obviate the kneel, the telecommunications companies' trophies of data. are think ways around it that make it unnecessary or at least not as effective to go after the tech companies that are the gatekeeper here? >> it's coming down to privacy versus intelligence issue?

general. should we have the right to secure our communications. the reason we also have the target like sony's playstation it would be a bit battle to say they want to protect that you are privacies, but at the same time it's not a telecommunications device. so is it going to play under the say rules to protecting national security? it becomes one of the -- one of the reasons terrorist organization actually use it is because it's a slow progress to figure it out. >> how do you think it plays out from a company's point of view? how do they communication what they're going to do without enabling what's happening? >> it's a hard situation. sony has had some history already. >> yeah. >> poor sony on this, but basically this is a very difficult decision. will it become a telecommunications provider? we have seen the callia production, which is dapgs to voip systems, and technically in a general sense sony supports

voip systems, but they'll move on to something else as well. >> there's two pieces of this. you see spoke about the playstation, the idea of hiding in plain sight, but the other piece is when you're on genuinely encrypted devices and they're designed on that way. senator dianifeinstein, whose constituents are a lot of these companies. had pretty stridened remarks earlier. let's take a listen. i think that silicon valley has to look at their products, because if you create a product that allows evil monsters to communicate in this way, to behead children, to strike innocence, whether it's at a game in a stadium, in a small restaurant in paris, take down an airliner, that's a big problem. so we need high tech's help in

securing an enter net that even with a court order you can't get to what they're saying. that's a big problem. >> i hear that, lance and think that high heck will voluntary help or the laws will probably have to change. >> actually the problem is there's a big divide on the high-temperature size. you have a lot of privacy advocates, no matter what, speech is speech and they should have that ploex. on the other side the intelligence community and people trying to stop these terrorist organization, and it's going to be a big battle. this is back to the crypt owars in the '9 ons when they tools are now available and this is a big problem. >> i keep coming back, whatever we do, they're going to know if sony or anybody else is going to have to divulge a lot of this information. therefore, won't that be the cat-and-mouse game going somewhere else? >> that's exactly what i believe they're using it for, literally because they can do that and

cause us to have delays in our laws, and there would be other tool they will use. what needs to happen, though, is investment on human intelligence, more people that can get in cyber, you know, underground and get to know these people so they can be involved. >> for now, thank you. time for a cnbc news update. sue herera? >> hi, kelley. secretary of state john kerry arrives in paris under tight security to show american solidarity. he will meet with president hollande tomorrow and will repeat america's commitment to a strong u.s./france relationship and express could not dolanss. a majority of men want the u.s. to intensify the assault on the u.s., those findings are from a new reuters/ipsos poll.

the "uss harry truman" departing from the naval station in norfolk, virginia for its next mission in the middle east. 5 thounz sailors will spend the next seven months overseas. the aircraft carrier will serve in the persian gulf and the mediterranean sea. >> and the first lady obama said americans made the remarks as she welcome more than 40 students to the white house for arts and theaters workshops. kelly, back to you. up next, two former cia operatives tell us how we should be going after isis, and will terror fears force the fed to hold off a a december rate hike? that's also coming up on "closing bell."

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it's gotten squarer. over the years. brighter. bigger. it's gotten thinner. even curvier. but what's next? for all binge watchers. movie geeks. sports freaks. x1 from xfinity will change the way you experience tv. quell come back. a look at how we finished the day on wall street. pretty much every sector, the s&p added 30, nearly 1.5%. the nasdaq was up 56. the attacks in paris prompting many to question the security of the u.s.

now 18 governors have asked or are expected to ask to stop syrian refugees from their states. for more, two former cia operatives. mike, is this the most effective way? >> sure, if you want to be the country that locks your borders down, but it's either this or that. the world is not black and white. we actually can multitask. so you can be smart about how you try to screen. what ben rhodes set the other day. and god bless people with english degrees and creative writing degrees, but when he talks about a fireproof way of vetting people, he's sleetly blowing smoke -- it's absolutely not true. >> when asked about whether he would have rigorous enough checks, he said there's nobody

to check with. how are we supposed to check? >> interesting. i have a bit simpler terms, and it kind of goes like this. you get rid of obama and isis, you get rid of this problem. if i'm driving intoxicated, what do you do to pull me off the road so i don't endanger other americans' lives? you pull me have off, take me out of the slot. here you have a president endangering lives with a iran nuclear deal. he's blatantly refused to stop the escalation, and now he wants to push for 10,000 unvetted refugees, and it's insane. it's actually mads in. >> mike? >> well, yeah, again we go back to the idea of we have isis now because we didn't have a strategy a couple years ago, and they're able to attack in paris, and ref to that in bruce,

because you have -- it's no difficult when al qaeda could strike at all. but we've got to do the same thing here. we have to deny them the territory. when people stand around and say, why is it important? we're all fatigued from the war on terror. the reason is because they have the turf to plot, plan and train. that's why we need to take that away from them. can we kill our way out of this? no, but does that mean we shouldn't make a good faith effort? no, i now is sounds touchy-feely, but we have to be able to work with the muslim communities. the best, most effective way is from that immediate family or the close friend. that's a heavy lift, but we have to do it. >> how different is that from what the president laid out today? squeezing them when you can and essentially trying to do better and smarter?

>> frankly he's taking half measures. okay, we're going to have enhance enhanced the air strikes, unless we have forward air controllers, and i don't think the white house is willing, unless we are attacked on theho homeland to d that. >> we have programs that work in iraq and afghanistan and you have to have boots on the ground, in the community with the people. one of the worst things we ever did is shuffle the refugees out. we should have put them in safe zones, armed them, trained them, gotten back in the community. we have to have boots on the ground to do that. that's the absolute on this way. people who have been down -- this is absolutely how we're going to defeat isis over there in syria. >> is isis too big?

and are we too late? >> no. with a concerted effort we could absolutely destroy them and keep our humanity while we do it. it's either or or -- we have to show compassion -- know, we can be -- we have to destroy the problem. they're not too bick. we have absolutely -- if we had the political will, we have the ability to take them out, in relatively short order. will we do that? no. unless something horrific happens, i don't think this white house has the interest to do that. so they will continue what they've been done for some time. >> bazzel tony court san was on earlier, and by putting boots on the ground, you risk turns more against the u.s. because of our intervention again. ear advocating for precisely that strategy. what makes you convinced this won't have worse r578ifications than what we are already seeing

and how long an effort might we be talking about? >> i don't agree with the statement. i notice we can put boots on the ground in a strategic manner and become part of the community. we can show the greater progress with that community and fighting against isis. they have so much so gain by protecting themselves and protecting their villages and the land they own. look, not everybody that migrated into europe wants to be migrating. they love where they came from. it's just no one is reaching out. no one is helping. if we do this with the resources we have available, with the experiences of the war fighters that we have in afghanistan, iraq and beyond, we could be in and out of there in a short period of time, but we have to start -- and it's doable. this nation can do this, but i agree with mike, the white house doesn't want to do it. that leaves a question in my mind as to if why the threat is

so agree and the threat is actually on our own shorts, why would we not pursue this in a manner that would put isis to an end? >> anybody in counter-terrorism will tell you if we don't deal with this problem, it's a matter of not if, but when. unless we deal with this problem on the ground over there, and we're all tired, but we're going to have that take the leading point. if we don't do it, we'll be tacking about an atrocity here in the u.s. >> i agree 100%. >> thank you, both. meanwhile, could they take a december rate hike off the table? later, the ceo of embraer will tell us whether the escalating war on terror will have a negative impact on the airline industry. it sold off today. we're back in two.

dominic chu is watching the latest. >> we have the latest filings from david einhorn. as of the end of september, again september 30th, big caveat, 45 days old, has reduced by 25%, cut by a quarter his stake in embattled solar company. he's also taken a dissolution, dissolved completely his stake in citizens financial, also

retailer macy's as far as car rental giant hertz, and taking a new stake in gps maker garmin. on john paulson's side, new stakes in perigo, and also c.i. tissues, boosted shares in testifia pharmaceuticals, starwood and post holdings. so perhaps no surprise there that some of these names. he's also decreased his positions in computer sciences, and angulo gold, we're still combing through a lot of filings, but kelly, a big caveat. this is 45 days old, so hedge funds can and likely do trade in and out of these positions since then. we'll hear more later on, but for right now, that's what we have heave on paulson and einhorn. >> will the political uncertainly tack a possible fed rate hike off the stable? our steve liesman is taking a

look. >> no doubt these gruesome attacks have at least called into question whether the federal reserve will follow through on a rate hike. the key will be how markets and the my react, a flood out of risky assets, and into risk-free assets that can boost the dollar that could give the fed pause, mostly baas the strength of a dollar has been a concern to beneficiaries, as it rises and pushes down, it hurts u.s. exports and manufacturing and undermines the fed's efforts to create 2% inflation. doves on the commit use could seize on dollar strength as a reason to pause. so far only muted reaction to currency, the dollars hovering below the 107 left for most of the day today. the economies to see europe agground turn downward, but the history is to really undermine

consumer confidence for a while, but usually have little lasting impact. that includes sending troops to the middle east. both because of the optics and surrounding uncertainly, it seems like a delay a high in that event. we79 to bring in the panel here, mike? >> i completely agree with steve. i think only marginally we have a reduction in the -- i think still we're taking our cues from what actually happens here in the market. i think the market's reaction today was one point in favor of the idea that nothing too dramatic changed. >> hey, mike, i've been trying to puzzle over market reaction, as i think maybe everybody has been, but sometimes the bond market and stock market separate. not a huge reaction or sense of diminished responsibility, but what if stocks are playing this on the come, sable you know

what? maybe this will deter the fed. >> well, you saw which groups actually led today. the financials were actually laggards, right? then you had some of these defensive and like stam also and utilities doing well. maybe the mark ways sawing the fed doesn't go. what if the dollar rises pretty dramatically from here or the job number comes in way hotter? then what? >> it's like a difficult choice will, stephanie. >> i know. you can answer it it, though. i know you got it in you. >> i think the jobs number will be the most important. the fed has told us it sees dollar strength as a temporary phenomenon. if you get to parity, for example, you'll have some action next month by the ecb likely to ease further. that combined, i don't know if the market is completely priced this in, but you could get to parity in a hurry. >> steve, we've leave it there.

thank you. >> sure. kreismt off the plane maker embraer will join us next.

airline stocks were hit hard today. take a look at the names. delta down 2%.

united and american off 1 and a half. phil lebeau is in las vegas with a special guest. hi, phil. >> i'm joined by marco pell greeny the president and ceo of executive jets run, lineage 1,000. we'll talk about the jet business in a minute. but so much focus for the business community is what happened in paris and the fallout from that. how much does that potentially impact customers that you are talking with in terms of them saying, i'm going to be more cautious now? >> i think it is too early to comment. we have no feedback about this event. we are very sorry it happened in paris. >> does a situation like this, does it cause companies to have a little less confidence. because you are talking right now, confidence is the main issue. how much does the potential threat of terrorism weigh on that confidence? >> i think it's -- it's tough to say today.

i think the scenario is not clear. i think companies are -- are not so confident and maybe for other reasons. not related to terrorism, i would say. more related to the economy. >> let's talk about that confidence. you are putting out your outlook for the next ten years. >> that is correct. >> north america is the biggest growth, on average 3% growth. but you are worried about the lack of confidence within customers over the next, let's say four or five years, right? >> yeah, because it is difficult to predict what will happen to the economy. the motivation to buy a jet. so what you are seeing is companies are postponing their decision to invest in new jets. some, not all. >> as they are making that decision to hold off, you are waiting into terms of in vesting in melbourne, florida, adding production down there. 600 jobs coming there. that is going to further increase your capacity for delivering jets in florida,

right? >> that is correct. i think the american market is booming, i would say. it is the largest market by far compared to the other regions. we are investing heavily in a strong presence. we are moving the production line to melbourne. and beginning of next year, you're going to start to see fortune 500 and creating 600 jobs there. >> marco pellegrini. we are on the lineage 1,000. it could be yours for a cool $55 million. and yes, there are people who, despite the lack of confidence, are in the market for a jet like this. back to you. >> this is home away from home. >> home away from home. >> phil, thank you so much. not for some of us. home away from home. love to have a space like that. in any case, much more on today's rally and what to watch tomorrow when we come become. yeah! okay...

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jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. welcome back. time now for some final thoughts. all we've been saying is how troubling the discussion has been with our guests, looking at terrorist threats to europe and this country. and not only that you have markets turning a rally on the dow. investors are bound to be

confused. where do we look for clarity. >> we look at the market's ability to shake it off. we don't think this means up and away. i don't think that. back from the 200 day average and we undid some of the last week's weakness. another theme will erm earth. >> and as we get to the end of that, it has been basically a lot of hits, urban outfitters coming out and we'll check on those shares. the comps not as strong as expected. and a guest last week thought they might do better because they had more of an online presence. but it didn't happen. >> it is a specialty retailer. so it is focused on a consumer going up to one or two things. i don't use them as a barometer or a bell weather. if lowe's or tjx say something negative about the consumer, that would be more alarming to me. so i think the numbers are going to be pretty good tomorrow.

other than walmart. but we know the walmart bad news any way, right. >> and you want to see if walmart stock is washed out. we don't know if that is the case. i've been saying that home depot is the most important stock in the market because it binds up everything. it is not only this big cat dominant retailer home related and housing related, but huge buyer of its own stock. everything that is animated this bull market, it really represented with home depot. >> there a little bit of a tell. black and decker who sell to them had a good quarter with a challenging environment and tools and storage up nicely. >> and that would flush out the consumer about the retail. and plenty of people have pointed out what we are talking about in the traditional chain stores is a small fraction of the retail picture. a lot depends on what happens in the next couple of days. if they come in and disappoint, that tells you something bigger, more worrisome is at play here. and it is where the dollar is going, that is a consistent story. >> exactly. so the categories are home

improvement, autos, mostly. those things have been holding in. and then it is clothes and shoes nobody is buying. >> and then after the consumer reports this week, we are back to the macro. we are back to data points on the u.s. economy. and they better get better than last week because they were not good. >> and to button up what is happening with the fed, you mentioned we have the stronger dollar. something that might be a concern if this would keep the fed from doing anything, too much here. but this is the meeting, they are supposed to be raising interest rate for the first time. while you can't kick the can down the road six weeks, but there is something symbolic about doing it this year. >> to me, the model is 2015. they wanted to announce they would taper qe and nobody thought they would do it by the end of the year and i think they will two it in december. and that i why the threshold is high for them not to act in december. >> people are confident and the fed could get off the emergency

policy. if they don't, for sure you could see a sell. >> stephanie and mike. a lot to look forward to tomorrow. that does it for us on "closing bell." "fast money" begins in a few seconds with melissa lee and the gang. >> hey, there kelly. our thoughts are with paris. but our eyes should be on germany. "fast money" starts right now. live from the nasdaq market overlooking time square, i'm melissa lee. despite the tragedy in paris, stocks staging a strong rally. major indices ending the day up more than 1% across the board. energy was a big stand out with crude soaring. all of the latest headlines out of paris and what does it mean for the fed and the ecb. we'll also speak to the former continental airlines chairman and ceo for his take on the reaction of the airline sector and the impact on global tourism. plus, terrorism and technology. how isis