that's been the focus of a major police raid over the last five years in paris. five people are arrested. >> there's no explosives on board two flights diverted due to anonymous bomb threats. >> stock losses accelerate in europe with all sectors trading

in the red but crude interest higher with wti back over $41 barrel. >> take over news, monsanto plants the seed for a new syngenta bid. shares are sharply higher after they're still on the hunt for a takeover. >> and air liquide falls after they pay $13 billion in a deal to expand it's north american footprint. >> more than five hours after it has begun. nbc news has spoken to french police that concerns there is one terrorist left inside the apartment at the center of the

raid. one woman in the flat killed herself by blowing herself up. three men have been arrested from the apartment. one civilian passing by at the time of the operation has also been injured. let's get back out to hadley. she has the latest perspective from the ground in paris. hadley. >> good morning, wilfred. right now police confirming that at least one person, one terrorists remains in the apartment that has been the focus of this on going raid since around 4:30 a.m. this morning. five people have been arrested. one woman killed herself by detonating an explosive vest. earlier today during this raid. we also know that police and military personnel are swarming that area that they're trying to keep journalists out of the area. they told everyone to stay inside of their homes. they closed down schools in the area as well trying to keep people safe. this is a bigger question about the new security measures that the president wants to put in place. later today they'll be debating this at the assembly. they'll be trying to decide

whether an emergency state will be in for another three months in france and what new tools that will give to security and intelligence personnel. >> two paris bound air france planes from the u.s. were deverted last night due to bomb threats made from the ground. one of the flights departed from an airport outside of washington dc and was grounded at the airport and it's now confirmed there's no explosives found on board of the jet. the second plane had taken off from los angeles and was diverted to salt lake city. all passengers and crew members are safe. this adds to the overall sense of nervousness doesn't it? >> a heightened sense of alert with what we saw over the last couple of week with the incident in the explosion on that plane. the russians confirming they did find evidence of an explosive device and debris from that

accident. you have to understand when it comes to airport security in the united states especially since 9/11 there's been a major increase in security on international outbound flights and in bound flights but the bigger question will be going forward if they continue to outsource the security from the department of homeland security to these contractors that run airports in the united states or whether there's going to be changes to that policy going forward. >> thank you very much for that we will be back out throughout the show. other stories related to this, a friendly match between germany and holland was cancelled last night after police obtained concrete information of a terror threat. the game due to take place in the german city of hannover was called off only 91 minutes ahead of kick off. chancellor angela merkel was due to attend. the tipoff may have come from a foreign intelligence agency.

of course it also follows the fact that belgium versus spain match yesterday was cancelled also. however england versus france went ahead with a friendly match at womimbley stadium yesterday evening. security was ramped up for the event. the 70,000 strong crowd sang the french anthem in tribute to the victims of the attack and great credit to the french players for taking part in that match yesterday evening. >> meantime the ecb board member said there's no indication that the terrorist attacks will have economic impact. he said doom and gloom isn't warranted at this stage and this is also what we heard yesterday. 18% of the survey was taken after the paris bombing and those attacks and actually they had been no impact yet as a result of the terror impact on

overall investor confidence. how are the markets looking this morning, wilf? >> yesterday european markets really surged. the stoxx 600 s'up over 2%. u.s. markets were underwhelming and it's that sentiment from the u.s. trade that carried through today in europe. we're down to about .5% on the stoxx 600. yesterday we were up 2.4%. so a little bit of a correction there. let's have a look at the individual markets and see how that plays out. oh, we'll go over here. here we go. we've got about .8% declines for italy. france is down .3%. germany and the u. k. down only about .5%. so slightly outperforming. let's take a look at some of today's biggest gainers and losers seasoned syngenta the first to point out, u.s u.s. agrichemical group monsanto is considering a raft of

opportunities including with syngenta. they failed to seal a deal. more on that story coming later but there you have syngenta up 3% on the news. shares in air liquide are off the best part of 5% after it agreed to buy u.s. rival air gas for $13.4 billion. the all cash deal would make the french group the world's largest industrial gas company by sales. let's check in on markets in asia. sri standing by for us as well. >> talking about the security threats in the aftermath of those atrostiterror attacks in . the security climate internationally now is keeping the markets over here on edge and that's why you're not seeing a great deal of conviction in the trading day today and that's

been over the course of the week. the other factor here is we're still trying to price in the high rates environment. we're still quite jittery i'd say. and let's face it. the data did build the case for action in the first rate hike in december. so stronger dollar and also the commodities complex is hitting sentiment over here. let's not forget also copper and gold are at multiyear lows. so overall i'd say the sentiment remains quite fragile overhere. remember that the data seems to be turning around in china. we saw that with the home price index gaining ground and improving although the market didn't really buy this. i think it wants to see more conviction and more confirmation in the data sets, especially with the manufacturing before we can get bullish on the broader economy and also on the market.

back to you now. >> we're going to go to break on worldwide exchange. then there were 14 candidates on the republican presidential race have dropped out. look for detail of who has bailed out and the reasons behind it. also lyft goes head to head with it's main competitor uber. more on that in just a bit. plus bang on target or wide of the market? we'll look at target's third quarter financial results.

this is after the group's president said that executives had quote conversations inside about acquiring rivals in the future and that could include an investor day and we have been here before: there's so much movement now in the agri business. syngenta talking to dupont about mergers. with a slowing farming community

and business that's a way to drive revenues in the future. >> but we're reading a little too much into those comments because he didn't actually confirm that they're mulling over their syngenta bid. all he said is we're talking to everyo everyone. that's what we heard over the last couple of weeks. syngenta has been quite about all of this. they're at the heart of the m&a speculation. >> it was more absolutely everything is possibly on the table than specifically this is what we're looking at right now but although clearly there's a big move in the share price today to the tune of 3% but look at the price there. 385. the last bid was at 470 which was rejected as being too low so clearly a successful one would have to be 470. we're still a long way from even 470. so the markets reacted positively but we're still a long way from that level.

>> the consolidation trend we're getting. don't forget chem china also made a bid as well. and the largest company, what were they bidding for syngenta at this point? 449 per share? >> i believe it was $42 billion. at some point you make a really important point. maybe the price is going to be lower than the 450 that monsanto officially offered and syngenta rejected as being too low because look at where we are now. we have a 300 handle so maybe syngenta will have to accept oh, we should have taken that first bid because that was as good as it gets. >> maybe. interesting to hear from the chairman as well because the ceo, he is gone. >> he's gone. >> but the board was always unanimous. so i don't think that the sentiment is going to takeover unless the prices have really changed that much. >> they have been under so much shareholder pressure and that's in part why the ceo had to

leave. that's what a lot of sources are telling. so maybe there's a shift in sentiment because now it seems that the chairman is actually open to talking about shareholders about accepting a bid. again i think it's going to have to come down ott price. 385 is where we're currently at. they are also concerned about regulatory hurdles because we know that syngenta is such a big player in the season and crop signs space. there's going to have to be some disposals and no deal is going to be as smooth as you might suggest. >> syngenta up 2.8% on this rumored speculation. >> norfolk southern is rejecting a $28.4 billion takeover from canadian pacific calling it low premium. canadian pacific is offering under $95 a share in cash and stock. a 9% premium to tuesday's closing price. the combined railroad would offer unparalleled customer

service and satisfied u.s. and canadi canadian. >> bio tech stocks have notched up the third day of gains for the first time since late october. a wave has driven them higher before the sector was caught up in the summer sell off. our next guest has significant interest in major pharmaceutical companies will continue to drive mergers of small and mid-cap corporations. our senior bio technology analyst at jeffrey which is is holding it's conference in london. whenever i talk to one of the big pharma companies the big buzz word is always immunooncology. who is the biggest player in that space? >> i don't think it's being overestimated. we're at the cusp of this

renaissance. we've had five active treatments approved over the last five years. this is a culmination of research over the last 100 years. it stemmed from starting in 1890 and we're just starting to tackle diseases in melanoma and lung cancer where we have seen significant progress. a decade ago you had one out of four patients living beyond a year. today three out of every four patients is living beyond a year. but we still need to make strides. when you look at melanoma patients out to five years only three out of ten patients is living beyond five years so that's still a number that needs to be improved and it will be through immuno therapy. such as what large cap pharma is focused on. a french based bio tech company recently reported a patient in the u. k., actually, where this

11 month old baby received cell therapy. she had aggressive form of leukemia and she is now considered to be disease free after receiving it several months later. >> but still there's huge question marks around pricing because at one point, immuno-oncology is going to move to the mainstream market. that's going to pressure budgets. no one can sustain that. if that's a $100 billion market, which government can pay for that? >> that's a fair question and i think that's where you have to have the benefit outweight the risk and i think there certainly needs to be a discussion around a cost benefit in the sector. those discussions are taking place and that's something that the sector realizes is an issue longer term as well as in the near term. we have seen aggressive price increases from especially

specialty pharma companies but what we're seeing with oncology companies and specifically with some of the medical -- some of the medical guidelines is that they're trying to push on price and the fact that they are cognizant of the pricing issue. >> which companies are set to benefit most of all. >> you can look at a number of companies i follow. for example, it's also shown some early success in leukemia. those are two companies that i'm focused on. >> these are small companies as you're suggesting. are we expecting a lot of m&a? are the bigger companies going to be looking around to pick up exposure to this growth?

>> they paid a billion dollars in a front payment to juno therapeutics so there's strong interest from large cap pharma and bio tech to try to assess the innovations coming out of small therapies in immuno-oncology. >> we have seen three straight days of gains now since the end of october. what about this up and down roller coaster ride on bio tech stocks. do you understand the volatility involved here? >> we had some headline risk. for example, we had, you know, some of the presidential candidates talk about pricing issues and that's clearly weighed on the sector as well as we've seen some companies have some issues on the regulatory front and that's weighed on the sector and however companies need to execute at the end of the day. they need to generate clinical data that, you know, supports

fda and regulatory approval. >> let's talk about the hillary clinton comments. i mention that too. she wanted to cap the amount of pricing per pill and the amount these biotechs charge per month. we did see that movement but she's not the only one advocating this. there are other presidential candidates as well. is this a threat in the future after 2016. >> something initially has to discuss clearly and has to assess how do they charge prices of their assessment. they have to have a cost benefit analysis and we're seeing certain industry groups advocate on developing a cost-benefit system that rationalizes prices. >> okay. well have a good trip out here. thank you for making time for us. senior bio tech analyst at jeffreys. let's stay with retails and this time we're talking about retail

sales with the strong numbers coming from walmart and home depot helping concerns over the health of the u.s. consumer ahead of the peak shopping season as we head into black friday. courtney reports. >> turns out not all retailers are disappointing investors this earnings season. consumers are still shopping and spending at home depot, walmart, tj maxx, marshals and home goods. home depot's third quarter results beat expectations for profit, comparable sales and narrows it's forecast for earnings to the high end of the previous guidance. consumers continue to show a willingness to spend on home improvement as the housing market strengthens but perhaps at the expense of other kinds of retail spending. >> home depot is a bright spot. what we have seen is home improvement performed better than other areas of retail. i tend to think and retailers like macy's, those companies are probably hit harder by weather.

>> while walmart's u. s. ceo did say unseasonably warm weather had negative impact on the quarter the world's largest retailer slightly outperformed for profit while upping the lower end of its full year earnings guidance. walmart also logged the 5th straight quarter of positive u.s. comparable sales growth and 4th straight quarter for positive traffic crediting solid back to school and halloween seasons. >> these are notable improvements but there's a balancing act. there's a high cost to walmart achieving these traffic gains. operating income was down 9% year over year and in essence we still have a story here that is not growing earnings and probably won't still for sometime. >> despite increasing competition from more retailers entering the off price space, the tj max, marshals and the parent companies beat the street on its profit, revenue and same store sales for the 3rd quarter

leaving several analysts to forecast a strong holiday season for tjx. i'm courtney reagan for cnbc. >> we're now going to have a look at a live shot. of course the northern outskirts of paris where there have been five arrests made this morning. the latest we can tell you is that the suspect of this morning's raids did plan the attack on paris. we have been told that by a source close to the inquiry. let's get reaction from paris and get straight out to hadley gamble. hadley. >> good morning. as you mention what we heard so far is at least five policemen have been injured on the attacks that started around 4:30 this morning with a massive military and police raid in a neighborhood north of paris. it's a suburb of paris and police are telling residents to stay in their home.

they closed schools for the day. they're trying to keep people off the streets and safe. this has turned into a media circus. the media trying to get in there and break the stories but the police are saying this is getting in their way. we also know that at least one woman was killed earlier today when she detonated an explosive vest during the beginning of the raid earlier in the morning but at least five people have been arrested as well. there are many rumors, social media, various news sources particularly here in the french capital about whether or not the mastermind of the attacks that took place on friday was part of this raid this morning if he was involved in this way and no way confirming that. later today french lawmakers will be here behind me. they'll be debating the extension of these emergency powers here in france. we know that president hollande said he wants to extend these powers for a further three months. that will have major implications for the kind of tools that security and

intelligence services are able to employ in chasing these terrorists. i also had to mention u.s. secretary of state john kerry here over the last couple of days. he has been speaking a lot to international media. take a listen to what he had to say about the terrorists. >> they have gained great expertise over a period of time and they have people in isis that have been fighting in the terror network for a period of time. so they have access to c-4 and explosives. they're making ieds every single day. >> so there's a recognition among security services not just here in france but also abroad that these islamic terrorists have graduated really. the islamic state terrorists. and move forward to convert people via the internet to major operations like we saw happening here on friday in paris and certainly 128 police raids at least since the attacks took place on friday that looks like it may, in fact, become the new normal here in paris.

here in france at least, especially with the new emergency powers that we're going to see debated behind me later today. >> thank you so much for that. right, we're going to take a break now and as we head to break, the world of rugby union is mourning the loss of one of its greatest players. new zealand's jonah lomu has died at the age of 40. his death has been described as unexpected though he was battling with a serious kidney condition. although he never won the world cup himself, he is regarded as the first global super star of the game and the word legend totally applicable to him. jonah lomu remembered today.

french authorities say one terrorist remains inside an apartment that's been the focus of a police operation in paris for five hours. one woman has blown herself up. five others are in custody. >> all sectors trading in the red but crude inches higher with wti back over $41 barrel. >> in m&a news, monsanto plants the seed for a new syngenta bid. shares trade sharply higher after the u.s. firm says it's still on the hunt for a

takeover. >> they fall more than 5% after they paid $13 billion for the u.s. rival air gas in a bid to expand it's north american footprint. >> we're close to session lows. the stoxx 600 off. we're seeing similar and greater percentage losses for the xetra dax and cac 40 and ftse mib. we saw such a strong bounce back. up by 2.4% in part because of positive data but we're looking at today of course a greater risk aversion on the back of the latest developments coming out of paris. in the bond markets we're seeing a relative flight to safety. we're seeing the yield for the ten year -- the u.s. ten year at 2.26%. the 10 year bund yield at 51 basis points. sterling has jumped to session

highs against the dollar on the back of comments from the deputy governor off the bank of england. in a speech this morning he warned investors against using the mpc's inflation projections as a guide to when the boe is likely to raise rates casting doubt on dovish interpretations of this inflation report. currently changing hands at 15227 up on the day. signs of a pick up boosted expectation of a fed rate hike in december. they'll be hoping for more clarity when the latest fomc minutes were later on today. we're seeing a little bit of softness and we're down 0.25%. the euro dollar, 10688 up by .5% on the day. thank you for joining us this

morning. we're off by a quarter of 1%. there's no safe haven flows as a result of the unfolding events in paris. is the market now immune to these events? >> what's interesting about safe haven flows into currencies is the euro dollar is a beneficiary of safe haven flows during risk aversion episodes over the past two years or so. >> but that's been very inconsistent. we've seen that one month and the next month you think the dollar or the yen or the swiss frank is the beneficiary. >> well, i think that the fact that the concept continues to grow is bolstering it as a safe haven asset. also the ending of the sovereign crises in europe or at least for

now, that also has made it possible to take euros seriously as a safe haven asset because previously in the past few years when we had financial shots in the system, to a great extent that came actually from europe so that time has passed. >> surely it's global risk fears at the moment and just delays when people expect the fed is going to hike. that has an effect on the euro dollar, particularly the dollar side of the bargain as opposed to the euro. it's more dollar selling than euro buying on risky moments. >> well, that's a fair statement so that also takes the dollar down. over the past two months the dollar had a very good rally. the index gained almost 6% over the last two months. and also the fed hike coming next month. >> i'm just wondering if you

have been watching your tv screens this morning. if we can go back to paris, on the trading floor, i'm wondering what the sentiment is when you're looking at the door to door gun fights underway in the streets and the surveillance bushes and the northern part of the city. i'm just wondering if there's any risk moves because of it. what happened in paris is terrible and and to be coming from a european and french bank it effected sentiment if you will but unfortunately we have been living under the shadow of terrorism for several years now. and what we know from past terrorist events horrific as they are, the economic impact is transitory but that is predicated on the assumption that we do not see repeat attacks occurring on the regular basis. if that were to happen, then

sentiment and the economy could take a larger knock, if you will. but at this point, we will view the economic ramifications of the paris attacks to be transitory. not just in france but even more so in the euro area. >> okay. thank you so much for that. we're going to have to leave it there. fx strategist at sockgen. >> we have the white house threatening now to veto a republican backed bill that would require the fed to set monetary policy using a mathematical model. so under this measure the central bank would commit to raising or cutting interest rates based on economic indicators such as unploimemplo or inflation. the house could vote on this bill later on today but it's not expected to peculiar law. it would hurt the fed's ability to respond to crises in the future. coming up later on today we'll hear from one of the federal reserve presidents in an

exclusive interview as the fed gets set to possibly raise interest rates for the first time in a decade in this conversation and exclusive interview coming your way at 14:15 cet time. >> let's have a look in at oil prices and see how that's trading today. we're up about 1.5% on wti. brent up more than that. 174 but in terms of that range between 40 and 50 that we have seen over the last two months clearly we're toward the bottom of that range still and the last couple of weeks have been soft for oil price and guys i suppose, we discussed this the last couple of days in terms of geo political concerns over the last year or two oil has remained largely uneffected by it. hasn't rallied as you might imagine it would have done over the last couple of decades and this week despite another spike in concerns in the region and what action might take place oil is not responding. >> it's all about fundamentals

and the supply overhang. they say that inventory is above the 5 year seasonal average. we have 2.5 million barrels of oil being produced in demand. i guess the oil market doesn't really care about geo political risk at this time. there's so much inventory flooding the markets. none of the big players seem to want to move at this point specifically the saudis, the russians don't want to move. the u.s., yeah they're pulling back some of their shell production but it's not enough. >> i thought there were really pronounced moves in oil last night. wti down 2.5%. four straight weeks of declines to me that's movement with oil pricing going in the opposite direction, right? so i don't know. >> but actually oil was up on

falling inventories and rising refinery output so we have the small pieces of good news that actually make the market spike a little bit but you have to wonder at what point is it going to translate into inventory. >> it just ignores any of the reasons other than the fact that we have the issue of the last 12 months. lots of supply and not enough demand and needs something much more marked to start the recovery and what i imagine will happen, we'll get a little bit of recovery. we start to get toward the 50 level run and 40 level and people will question whether we really have found the bottom and quickly that seems to evaporate. >> we'll get back down to 40. >> exactly. >> now as the fight against isis in syria intensifies the u. s. has for the first time begun targeting oil trucks controlled by the terrorist organization. >> united states and french forces looking to choke isis's main source of funding black market oil in. a more aggressive approach air strikes are for the first time targeting the trucks used to

transport that oil. previously the focus has been on disabling production in the oil fields without completely abinstructing the infrastructure and avoiding civilian causalities. the treasury department estimated isis made $40 million in one month from the sale of oil. that's roughly $500 million a year. the group operates oil fields in northern iraq. it's believed roughly 65% of its oil revenues come from that area as you can see on the map. it's also believed that it has refining operations in syria where it turns crude into products and then sells that oil and gas on the black market, likely at a discount. so how much oil are we talking about here? well not much but enough to fund it's operations. $50 barrel. $500 million in annual revenue is 27,000 barrels a day. to give you some perspective, consider iraq now produces 4 million barrels a day.

so it's a small amount. in the wake of friday's attacks you can expect a more aggressive approach in targeting the finances funding isis's operations since no corporation can operate without cash. back to you. >> straight to our top story this morning. we'll get you the late frst fro the police operation underway in paris right after this. no matter how fast the markets change, at t. rowe price, our disciplined investment approach remains. we ask questions here. look for risks there. and search for opportunity everywhere. global markets may be uncertain. but you can feel confident in our investment experience... ... around the world. call a t. rowe price investment specialist, or your advisor... ...and see how we can help you find global opportunity. t. rowe price.

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>> let's get back out to france. we're looking at live shots on the northern outskirts of paris the city. a source close to the inquiry said a suspect that left the apartment planned an attack on the business district. meantime one woman in the flat killed herself at the beginning of the assault by blowing herself up. three men have been arrested from the apartment. one civilian passing by at the time of the operation has also been reported injuries. hadley gamble is standing by. >> good morning, susan. we have seen a massive military

and police raid in that northern suburb of paris. i'm joined now by a member of parliament. bruno, can you give us a sense of what is going to be accomplished today when lawmakers begin to debate these emergency powers? >> i think that we have -- we will have a debate today about the emergency measures to fight against terrorism, against islamism in france and i think that everybody in france, either from the right wing or the left wing parties are ready to adopt new strong measures to fight against terrorism in france. >> given what we have seen is this going to become the new normal in this country? we had over 128 police raids since the attacks on friday. a very intense raid on going now in paris? is this the new normal for this country? >> i think that we are entering a new period and i would say a

new world in which there is a threat. the threat is not outside france. it's in france. we have to defeat first of all in france in the surveillance bushes and in the towns but we agree to take the appropriate measures to get rid of the fed here in france on the french territory. >> talk to me about the measures. we're talking about being able to hold people for a long amount of time without necessarily charging them. we're talking about being able to invade someone's space as we have seen earlier today. talk to me about what we're going to see. >> we have to take all the measures that are needed to get rid of the threat included if there is no charge against the people. we have to rid them to get rid of it and i think that we assume that we have to take those strong measures if we want to protect our people. >> so a clear understanding that something has to be done and

these measures need to go forward. >> yes. something had to be done and i think that only a member of the opposition i really think that the french president is now ready to take that kind of measures to get rid of the threat. and i think this is necessary to assure the french people and explain to them we are aware of the gravity of the threat. we are aware of the gravity of the movement here in france and we take the appropriate measures to protect you. >> you have been talking a lot about security but what about getting to the very heart of this disenfranchisement among the muslim community here in france. do you think there will be measures taken in the coming days to bring them into this conversation? >> yes, we have to be very clear that muslim people here in france have nothing to do with the islamist people and we have to draw a very clear line

between the muslim people leaving peacefully here in france, that are respecting the french law. that are good people i would say and the islamist people that have nothing to do with them. that just want to attack people and jeopardize the french unity and we have to defeat them as soon as possible with all the appropriate measures. >> what are you hoping to hear from hollande in the coming days. what more do you think the government has to do to keep this country safe? >> i really think that internal measures to fight against terrorism are emergency measures but this is not enough. we also need to brush isis on the ground and we have to keep in mind in that core of the problem is not here in france but also in syria and if we are not able to get rid of isis, to

crush isis, to crush the islamist state we won't ever have peace here in france so i'm calling for a very broad international coalition able to put troops on the ground to defeat isis because if we really want to live peacefully. if europe wants to live peacefully, it is also a problem of the united states. we have to form this very broad coalition to put troops on the ground and defeat isis and get rid once and for all of the islamist threat. >> thank you for joining us. back to you. >> thank you for that. i'll pick it up here. at least 33 islamic state militants have been killed by western air strikes in syria over the past three days. this as france carried out another night of bombings destroying two command posts in

the city. let's get out to ali in teheran. >> >> good morning, yes. tensions remain high everyone as hadley has been reporting. there have been on going raids in france trying to find the masterminds of the attacks while on tuesday night bomb threats forced down two air france flights bound for paris to be diverted. an air france jet from los angeles international airport landed in salt lake city and another flight from washington and the flights were subjects of anonymous threats received by phone after takeoff. hundred of passengers and crew were safely removed. meanwhile french and russian jets escalateds have intensifie their air raids since moscow

said a bomb brought down the jet in egypt. while france has always been part of the coalition fighting isis it too has beefed up air strikes with attacks on paris. now although they send a strong message at home and abroad they argue that it's largely symbolic and in order to make tangible effective changes on isis control territory a strong coalition is needed with boots on the ground. so we have to see if they can come together and figure out a way of defeating isis in a strong coalition but right now they're not all readington sail page as to do that and it seems in unusual circumstances that the russians and the french have taken the lead on this. back to you guys. >> thank you very much for that. the russian foreign minister says there's no agreement among world powers on assad's role in syria. that flash coming out in the last ten minutes or so. meanwhile, the russian prime minister has called for moscow

and the west to put aside their differences to defeat terrorism. speaking earlier today he said the war had been proclaimed against the civilized world and called for the west to abandon it's damaging shortsighted position on russia. it follows calls for the russian armed forces to coordinate with the french military in syria. joining us to discuss the russian perspective on the issue is the principle analyst for europe and central asia at maple croft. thank you for joining us. the last couple of day when he is messages that cooperation was moving toward a new level of success. we had further comments today that suggest that russia very much is still a long way apart from where the west wants it to

be. >> that's absolutely correct. what we have seen is keeping with putin. he wanted to see reconciliation with the west. to use the russian role in syria as a means of breaking out of russia's isolation and he used this opportunity to drive-thru a coalition in syria. but there's practical impairments as to whether that can work. >> what is the rhetoric in russia from putin himself and state media outlets in relation to the last couple of days and paris in particular. is it the same message from putin at world meetings and g-20 and stuff like that? >> putin always keeps himself above the fray anyway. he does want to be a little more

statesmenlike which is why he has come out and talked about how the west isn't playing ball. if you look at the tone of the coverage, prior to paris we saw things like the terrible events in the sinai jet brought down by isis. you had state media blaming this on the cia. the tone of the reaction was in some outlets so there's quite a bit of mistrust that needs to be overcome. >> he said international cooperation couldn't be higher and that may be true for the west but to what extent does it also apply with the west along to russia? i would think the u.s. doesn't want to share some of the surveillance communication with the russians. they don't know whether this will be passed on to the iranians for example. >> that brings up another point. the russian presence in syria isn't independent. they don't have the capacity to project power on this scale given the state of their army

and given the state of their economy. so they're dependent on the syrians and iranians to maintain their presence there. now they haven't had the same interest in fighting isis that we have seen from other players up until now. in fact there's a lot of suggestions that assad has been content to let them take the field. so russia is really quite -- and russia's action has been focused by the syrian army and et cetera and if we're going to see a real shift in tactics in russia toward targeting isis, how is that going to be supported by their proxy fighters on the ground. >> we'll have to leave it there thank you for joining us. now the recentwave of terrorism prompted governments to increase their spending on events. >> as war in iraq and afghanistan seem to wind down, defense stocks still went up. now we see that terrorism lives

on daechb on and defense stocks still went up. the u.s. and others are conducting air strikes in syria. raising the need for more bombs and better intelligence and not just for us. the pentagon approved the sale of $1.3 billion worth of over 20,000 smart bombs to saudi arabia to replenish those used in the fight against the islamic state. bombs and guidance systems. the need for more intelligence is seen as a boom for the booming drone market and more drones are being sold to allies helping potentially. but defense company hearsay to operate in a fog of war budgetary environment. congress is still debating this year's pentagon spending plan but expect more pressure to raise spending, especially in an election year and in the short-term expect more spending on things outside the defense budget in homeland security.

>> protecting domestic sites could mean more purchases from companies that provide surveillance and intelligence. they specialize in border security and chemical nuclear and bio hazard protection. they think domestic tranquility needs will boost business for those that help the national security agency and orbital atk which makes guns and ammo. all signs that the war that dominated the 21st century may be changing but it's not ending. jane wells, cnbc business news los angeles. >> we'll head for a quick break but still to come, we're live from paris throughout the show bringing you the latest on this morning's terror raids in the french capital. don't go away.

>> gunshots and explosions on the streets of paris. one terrorist remains in the apartment that's been a focus of a police operation that's now lasted for six hours. one woman has blown herself up. >> meanwhile, authorities say there was no evidence of bombs on the two air france klm planes that were diverted on route from paris to the united states. >> stocks in europe are on the way down. u.s. futuresnt