we go to mark crumpton who joins us. mark: the french president calls "barbaric." at least 145 have died in multiple attacks. president francois hollande declares a state of emergency and orders that the borders be closed. ,t the bataclan theater hostages were initially taken after gunmen stormed to the place and killed some of the people there, taking others hostage. you can continue to follow the coverage of the at on bloomberg.com. think you for joining us. ♪ narrator: the contemporary art world is vibrant and booming as never before. it is a 21st century phenomenon, a global industry in its own right. "brilliant ideas" looks at the artists at the heart of this, artists with a unique power to astonish, challenge, and surprise. in this episode, theaster gates.

mark crumpton has more. hey, mark.k: we would like to update our audience from around the world and listeners on bloomberg radio, the president of the united states, barack obama, scheduled to deliver a statement on today's violence in paris, statement expected shortly. there is a room at the white house. the brady press briefing room. the president is expected to theess reporters there and nation in a few moments at 545 p.m. washington time on this violence in paris, a wave of violence in paris. the death toll now between 35 and 40 people. there were shootings at a restaurant. there were bombings outside the main soccer stadium and hostages were taken at one of paris's theaters there. police saying 11 were killed in the restaurant. connanter there, carolyn she saw some people who were apparently injured during that confrontation at the theater. about 100 people remain as hostages at the theater. the two explosions taking place outside the stadium during a soccer match. explosions were heard during that match. the fren

mark crumpton has those.iated press is reporting and overstating in germany being evacuated. the site is the location of the germany-netherlands soccer game. a stadium announcement is telling spectators the game has been canceled. we will continue to follow developments and bring them to you as we get them. in the wake of friday's terror attacks in paris, paul ryan is calling for a halt to the flow of syrian refugees coming to the united states. speaker reince is the obama administration's current policy is not working. ryan: we believe the president, the responsible thing is to take a pause in the particular aspect of the refugee program to verify terrorists are not trying to infiltrate the refugee population. mark: a number of republican presidential candidates, senators, and governors, with chris christie to be the latest this afternoon, have issued additional calls to delay or stop accepting syrian refugees in the country or in their states. an international manhunt continues for a man french investigator

let's get to mark crumpton with the headlines. mark: thanks. we would like to update our audience around the world in our listeners on bloomberg radio on a day of terrifying violence in the city of paris. a wave of deadly violence forcing the french president to close the nation's capital or's and declare a state of emergency. 'sanÇois hollande extraordinary announcement after a series of shootings, bombings, and hostagetaking that began at 10:00 a.m. local time in paris. taken at the theater and then at a soccer inch with president hollande attendance. at least teed up explosions outside of the stadium. the french president was taken to safety. 15, 20 minutes ago we heard from the president of the united states. he called the attacks "outrageous." attempt toy were an terrorize innocent civilians, and the president promising to do whatever it takes to bring the perpetrators to justice. we are joined on the phone by bloomberg's caroline connan. she joins us from paris. give us a sense of what it is like on the streets there, what is the police p

mark crumpton has more details.hearing reports of more violence around the city of paris. police reporting those shootouts and at least two restaurants and at least two explosions have been heard near the stadium. there was a soccer match going on between france and germany. the french president francois hollande was in attendance. we are hearing reports he was evacuated and taken to the interior ministry. again, the death count we have so far is 11 people dead. unded. number wo we are hearing reports of hostage situations in and around paris. scarlet: thank you. we keep getting updated numbers. associated press is now reporting 26 dead in this past violence. separate incidents. there's hostage-taking a as well. at least 26 perished in shootouts and explosions. one is close to the old headquarters of "charlie hebdo," where france saw a shoot and hostage-taking earlier this year in january 2015. alix: it looks like we are getting a response from david cameron on twitter. he is saying i'm shocked by the events in pari

i'm mark crumpton. scarlet, back to you. scarlet: we have breaking news at this hour -- the federal reserve setting tougher standards for examiners of large u.s. banks following criticisms by lawmakers that the agency has been captured by the lenders it supervises. we are talking about new minimum operating and documentation lawmakers have questioned the quality of the said's supervision. we want to fold this into our conversation about markets. the s&p 500 is coming off its best week of the year. with a potential rate increase on the horizon, should investors caution?ding with ass.ing me now is martin s you just heard the headlines i gave you. does that make banks more or less attractive to a value investor like yourself? i think there are some more important factors, particularly interest rates. higher rates tend to help the banks and most are sensitive and will get spread widening as a result. is going to be a big issue coming up. in probability the fed hikes december. what could surprise markets and make it vulnerable is

mark crumpton has those areas matt: -- mark crumpton has those.k: in mali, forces are .reparing an assault on gunmen there are gunmen trapped in a single room. the violence in the capital ,egan when islamic extremist armed with guns and tossing grenades, stormed the hotel. at least 18 people were killed. the attackers initially took 170 hostage. reports the majority of hostages have been freed. police say they interior ministry -- last night detained 17olice people, seizing weapons and drugs. 164 people have been placed under house arrest with new powers remitted under france's state of emergency. tonce's senate will vote extend the state of emergency for three more months. president obama and vladimir putin agree on one thing area they can hurt the islamic state i bombing the terror group's oil. president obama has publicly refuse the russian leader's offered to coordinate, but both are targeting oil tankers. that is where the group gets much funding. groups are not just opposed to new syrian refugees are they want to take a closer look at one's

let's go right to mark crumpton.s they have launched their first airstrikes france says they have launched their first airstrikes from the charles de gaulle. they say jets were sent from the carrier this afternoon, with two flying over the city. statere targeting islamic in syria. and the belgian prime minister told reporters the rest of the nation would stay at the second alert. level of schools and subway stations are scheduled to reopen on wednesday. u.s. secretary of state john kerry goes to israel tomorrow. to help with a wave of violence. in jerusalem, two a palestinian teenage girls attacked a -- two ald palestinian palestinian teenage girls attacked a 70-year-old palestinian. and there was a muslim teenager who took a clock to school, and they thought it was a bomb it. he was arrested but never charged. his family a sense -- since moved to qatar. from the bloomberg "first word" desk, i'm mark crumpton. alix and joe, back over to you. alix: the best weekly rally of the year last week, and markets really could

i'm mark crumpton. back to you. as we mentioned, investors still adjusting to the idea of a december rising rate, especially following friday's jobs report. alix: does this mean we will see more volatility in the months joins us fromewan mountain view, california. also with us is bloomberg stock reporter, oliver bennett. thank you for joining us. dave, what do you make of the action today? the bigs was down on that and today is -- on the jobs report and today it is spiking. is not going to be an easy road here we have the fed teed up to make a rise in interest rates. it is really a question of the pace of increase and the ultimate level. the unemployment number dropping to 5%. the number of jobs being created clearly points to the fact that they need to do something. and we are starting to see wages moving up somewhat, too, which is great here in -- which is great. clearly, the fed is going to put some weight on the market. it has implications for the dollar and emerging-market currencies as well. you talk tover, an

mark crumpton is at the desk.ing for a new constitution to be drafted to allow syrians to vote on the cost tuition and then choose a president. says that the syrian president bashar al-assad would play no role in developing the constitution. president obama says veterans day is about more than showing gratitude for those who served in the military following ceremonies at arlington national ceremony. said americans should help assure that veterans receive the care and the benefits they have earned. a texas grand jury has indicted 106 people in connection of a mate shooting outside a waco restaurant that left nine people dead and 20 others dead. more than 430 weapons were recovered from the crime scene, including 151 firearms. are expected.ts in indonesia, the fire brigade is getting some big-time help to control stubborn forest fires. they are calling in the pachyderm patrol. almost 200 trained elephants are being used as trained watchdogs, being outfitted with hoses to help contain fires. you can get more on these

i am mark crumpton. back to you. scarlet: we want to head to abigail doolittle, live from the nasdaq, taking a look at two stocks heading in two different directions. starting with electronic arts. abigail: ea is one of the worst performers. gamestop missed its third-quarter estimates and guided it's for -- guided its fourth-quarter profit of you down. demand for the star wars game was weaker than expected. the question will be whether or not this impacts numbers for ea or will be a one-day negative headline, especially considering this companies history of strong performances. that beatent in earnings estimates eight out of -- they -- beaten erred had been earning estimates eight times. stephen anderson thinks that they will benefit -- that panera e.l benefit from chipotles coli problem. the news price target suggests the stock declined by 20% at current levels. something that may be welcomed by investors, considering the stock is flat year to date. scarlet: abigail doolittle at the nasdaq. the largest u.s. banks co

mark crumpton.ack over to you. david: some stocks are standing out. kbw regional bank index is up this year for stocks expected to rise. marketring in a chief technician. good too happy with us. before we dig into this, talk to right now.ere we are we had great markets last week. yesterday, a bit of a route. where do things stand? guest: we are coming into an area where there is a lot of s&p hasce, and the found a level that it likes. and there is the year-end performance chase, and on the flip side, there is a lot of stocks that make up the performance for the s&p, so if you look underneath the surface, like this,ormally but that does not mean it cannot grind higher. you point out that this could be a good buy. why is that? they were actually outperforming leading into the jobs number, but what is interesting is that they are just now starting to break above their 2007 highs with the overall index, so that is a pattern that we like. there is a lot of support that we like, and then we have the inter

i am mark crumpton. back to you. betty: more with what is going on in paris right now, secretary of state john kerry is speaking in paris as they begin their work week. stores and offices reopen around the city. secretary kerry is outside the u.s. embassy right now. let's listen in quickly. kerry: coming off of the brutal heels of an attack in lebanon and elsewhere, it is an assault on our collective sense of reason and purpose. an attack on civility itself. i want to thank the men and women who briefly reported -- >> trying to maintain some common the aftermath of friday's attacks. live in paris, he has been there since the weekend. brendan, we heard the french boost the number of police officers as well as intelligence officials, how is that playing out not just in paris but also france? brendan: there is a feeling here a lot like after september 11. stampede areanic we are trying to figure out what was going on. police man, while talking to him someone came up and thanked him for being there. i think part of presi

i'm mark crumpton. back to you.tacks in paris. president obama stated the goal of the international community clearly today at the g-20 meeting. is the faceama:isil of evil. our goal is to degrade and ultimately destroy this barbaric terrorist organization. alix: our next guest says before islamic state can be destroyed, syria has to stabilized. our guest is a senior fellow avenue for a relation that has decades of experience in this field. what do we need to see from the west and president putin of russia to help the cause in syria? going after isis and what the russians are doing, denying access to fuel and money, supply lines, all of those are good tactically, but the reality is there is an incredible breeding ground for this. their power is limited. i don't think they've got much more room to expand, but they have syria and to a certain extent, part of iraq as an area of a breeding ground for that. until you stabilize that, they will be able to plan these sorts of attacks. scarlet: how does the airstrikes france

mark crumpton has those.il war talks resumed in vienna. russia is proposing a transition that would last 18 months. according to a draft proposal obtained by bloomberg news, russia once you and backing to carry out -- q and backing -- un ba tocking combat the islamic state. say russia is aiming at keeping bashar al-assad and power. the ability to travel between countries in europe without using a passport. ,hat plan is changing somewhat now that sweden has become the fifth country to impose temporary border checks because of the increasing number of refugees. in romania, to more people have died of burns suffered in last month's fire at a nightclub. that brings the death toll to 53. more than 60 others remain hospitalized. 15 in serious or critical condition. the fire began when a fire sparked foam decorations during a concert sending fans stampeding for a single exit door. two college students in missouri face charges for allegedly posting threats against black students and faculty. the arrests come in the w

from the first word desk, i'm mark crumpton. you so much. as julie mentioned, apple shares are falling today. investors are selling after this report from credit suisse says the iphone maker has reduced component orders for the iphone by as much as 10%, probably because of weaker demand. does this signal long-term trouble for apple? joining us is the author of that report. tell us what your tech team found when they talked to suppliers. supplywe have a vast chain in asia and we had heard about all the components going down toes, orders cut 10% or 15%. quite a drop in the first quarter. build -- theobably build looks somewhere between 45 million and 50 million units. that is how we reduced our forecast by about 20 million units. there were component checks across their vast supply chain. steep that is a pretty drop. what is the reason? guest: the major reason is the , when it wasnd six introduced this time last year, that was very successful and had an effect on the replacement rate. this next cycle are somewhat more incremental product and t

mark crumpton has more.s the downing of a russian warplanes by turkey underscores the difficulties caused by moscow's military operations in syria. any joint white house news obama addressed the incident and said turkey has a right to defend its territory and its airspace. the u.s. defense official and nato diplomat confirmed the plane was in turkish airspace and it was shot down. the suspected ringleader of the harris terror attacks was believed to have been planning the french capital again less after.week he was targeting a major business district in paris. he was one of three people killed in a police raid in an apartment on a northern paris apartment. if you're traveling is hard to -- holiday weekend, wait times in u.s. air route. checkpoints are already up, and now after those attacks in paris in the downing of that russian ,aris plane -- passenger plane they will be facing a gauntlet of bonds sniffing dogs, and the prospect of longer lines. turmoil overseas is hurting president obama at home's approva

let's get to mark crumpton.er on a united airlines fight with governor chris christie aboard was removed before take off this morning. the gop presidential hopeful was with a member of his security detail on the san francisco to boston flight when the passenger was her moved. in a statement, the christie campaign says the governor never interacted with the passenger, nor did the passenger pose a verbal or physical threat to governor christie. a deadly siege at a west african hotel has left at least 27 dead. the united nations official tells the associated press that a least two of the attackers are among those killed, though others may have escaped. armed gunmen stormed a radisson hotel in mali today, tossing grenades and taking hospital -- hostages. died fromrson has last week's attacks in paris. the death toll now stands at 130, according to france's prime minister. he made the announcement in a speech to the senate today which extended france's state of emergency by another three months. hundreds of others we

mark crumpton. good afternoon, mark. mark: the ringleader of the attacks iss terror dead, according to reports citing two intelligence officials who say he was killed by french commandos during a massive raid. at least one other person was also killed. seven suspects were taken alive during the operation, and french prosecutors are now backing away from the claim that one of the dead was a woman who was killed after detonating and explosives wrenchnd meanwhile, president francois hollande is calling on the people to define the terrorism, -- french president francois hollande is calling on people to defy terrorism. and there is no word on when or where some others were captured, and jeb bush wants to have u.s. boots on the ground in china. the republican presidential candidate says the forces need to increase the presence on the ground. the former florida governor says air firepower is essential but will not be enough to defeat islamic state. the felony case against former texas governor rick perry i

much, markank you so crumpton.s the monday after the jobs report and you can see the reaction. a pretty violent reaction, a tumble in u.s. stocks, the s&p 500 falling the most in want. the u.s. dollar rose the most in one decade. treasuries fell as well, pushing yields higher. it seems like the delayed reaction filtered through all asset classes. one thing that really moved today i want to talk about is apache. the rumors that perhaps someone was going to buy it for the market cap $18 million. you have the ticker and it shows the value for the company is $30 million. who will buy it -- $30 billion. did i say million? who would buy it for $30 billion? joe: i would buy it for $30 million. an analyst at oppenheimer says it does not make sense for these guys. he says they are going to p/e, break up the company, keep assets in one part of the company and break up the rest. that might make the most sense. it's a huge deal in the oil community. scarlet: it would be interesting to see. alix: they literally have billions wa

headlines with mark crumpton.rorist attack mali.ed today in the french senate has voted to extend a state of emergency for three months. they will extend police powers to conduct searches. meanwhile, french police have conducted nearly 800 raids since last week's terrorist attacks. last night alone, police conducted 182 raids containing 72 people and seizing drugs. these are under a powers permitted under the state of emergency laws. a record-breaking month for the republican national committee. million cashas $20 on hand. -- the rncurress chairman rinse peavy us -- rence says -- and hillary clinton leads vermont senator bernie sanders. that is among those who are among registered democrats or those who lean that way. included vice president joe biden, who decided not to pursue the nomination. hill christmas tree arrived in washington earlier today. the tree came in from over 4000 miles away where it was grown in alaska. the lighting ceremony will take place on december 2. on these andore other breaking stories 24

let's get to mark crumpton with first world news this afternoon. u.s.ecretary of state john kerry is in paris to show american solidarity after last week's deadly terror attacks. he calls those responsible for the carnage psychopathic launchers -- monsters. with thesestake attacks represent. this is not a clash of civilizations. these terrorists have declared war against all civilization. ink: secretary kerry landed the french capital under unusual security precautions. it is the first such restrictions on journalists for a secretary of state visit to the paris capital. the department wideband applies to all military personnel, civilian employees, contractors, and family members who are sponsored by a specific military command. personnel from coming within 30 miles of the french capital. this symbol of paris has been relit in a lash of red white and blue. the eiffel tower dimmed its s after the paris attacks, but it came back up with the colors of the paris flag. the international space station has taken a power head and spacewalking repairs may be need

let's go right to mark crumpton.ark: carrying out new strikes on islamic state targets in have 36nd france will fighter jets in the region, capable of carrying out air strikes on islamic state target. the charles de gaulle aircraft carrier departs on thursday. for one of the suicide attackers who targeted the french national stadium in harris last week, and they are also asking for information of anyone who recognizes him. french and belgium authorities have issued an arrest work for another person who was among the attackers, abdeslam salah. and twin bomb threats have forced the cancellation of a soccer match and concert in germany, and german chancellor angela merkel and other officials were scheduled to attend that match between germany and the netherlands, but the stadium was evacuated after what police called concrete information about a bomb threat. a security official is denying reports that explosives were andd outside the stadium, it was also said that a second stadium was evacuated when a bomb threat was re

i mark crumpton.: the pressure is on for commodities today, the selloff being helped along by dollar strengthen worries about china. barrel.dropped to $42 a worries about china are helping to push down copper to 2009 lows. gold continues to lose its luster. staying with commodities, coal may be down but it's not out. 773 million use tons of coal in 2013. mario parker is a reporter on bloomberg's energy team based in chicago and he joins us now. this limits on coal power plants yet we still see usages hyatt -- as high as it was. president barack obama's administration came out with air toxics standards. some 23ed up retiring gigawatts of coal-fired electricity, that is enough to power about 18 million u.s. homes. the plants that are surviving are increasing their efficiency rates, feeding more coal to pick up that slack. you are seeing that kind of flattening and keeping the man afloat. david: one of the things you cite in her article is something that stood out to me in that report, how old so many of

i am mark crumpton bloomberg world headquarters in new york. this has been an horrific day on the european continent. there has been a wave of violence in the city of paris. shootings and bombings and hostage takings. here is the latest information we have. at least 35 reported that in multiple acts of violence in paris. there were shootings at a paris restaurant, explosions near the main sports stadium. french president francois hollande was in attendance but taken to safety. the associated press reporting police officials saying at least 100 hostages have been taken at a paris theater. and lawetting word u.s. enforcement counterterrorism officials are being briefed and are in touch with their counterparts. we are hearing from phil mattingly the white house is aware of the situation and monitoring. as you have been seeing from the video, lots of police on the scene. lots of swat type officials on the scene in riot gear and with heavy machine guns to try to combat this wave of violence that seemingly came out of nowhere. as our guests were sayi

we want to go to mark crumpton. mark: we would like to update our audience from around the world and those of you listening on bloomberg radio -- some terrible numbers. alix and cory just mentioned them but it gives you pause. we are learning at least 100 people, 100 people were killed in the attack of a paris concert venue on friday evening. the venue was stormed by gunmen. the gunman took some of the people hostage. some were killed in the initial wave and afterwards. we are getting reports some hand grenades or some sort of explosive devices were thrown at some of the concertgoers. the police stormed the concert hall. they do have it now under control. the french wire service is saying seven locations did come under attack. it included a restaurant where over a dozen people were killed. it also included the national soccer stadium. at least two or three suicide bombings took place outside the soccer stadium while a match was underway. that match was being attended by french president francois hollande. he spoke t

i amthe first word desk mark crumpton. back to you. alix: thank you.e of the most read stories today involved the u.s. dollar. stephen lender of citigroup who is the biggest world currency trader says the time has come to close out trays that benefited from the dollars rally. our next guest says there is little upside left for the dollar. the global strategist at the -- point securities. do you agree with what he was saying, that you should sell the dollar before the fed hike? absolutely. we worked together for a number of years. we're still on the same wavelength. this is a well discounted hike coming from the fed. the markets now assume that the ecb will do something to further ease policy at their meeting on december 3. positioning has gotten very long at the dollar. some discussion of that earlier on royal. has goneposition now very short and the yen is quite short and i think this is a well discounted december. and the currency markets, and on top of that the taller tends to be a good week during the month of december. everything is lining up for

let's get to mark crumpton.former president carter says that recent tests have shown that he is responding well to recent treatment for cancer. there is no evidence of new tumors. carter is 91 years old. he announced doctors have found tumors on his brain. the international olympic theittee is asking that coaches and athletes cited in russian doping be disciplined. the ioc says it will withdraw and relocate -- reallocate metals were appropriate. russians are fighting back, calling them a defenseless -- of offensive and groundless charges. a showdown comes less than two weeks after the center-right portuguese government was sworn in. these socialist governor antonio cost that is expected to become prime minister, supported by communists and the left bloc. critics fear a return to borrow and spend policies. chancellor who guided west germany for eight years during the cold war is dead. helmut schmidt was among the leaders who lead the round work for europe's common currency. he had today at his home in hamburg. ho

let's get a check from mark crumpton. mark: in brussels on the highest level over fears a terrorist attack may be a minute. the belgian capital has been on lock down for three days. charles giving that warning earlier today. in the meantime, after containing 15. wanted toime minister join the fight against the islamic state in syria. he met in paris yesterday. mr. cameron says he wants parliament to allow britain to join and stress against isis. absolutely right to take decisive action to stop terrorists when they threaten the lives of innocent citizens. the united kingdom will do all in our power to support our friend and ally in france to defeat. completemised to counterterrorism cooperation. the president is scheduled to hold several meetings this week with president obama, vladimir putin, and angela merkel. an associated press analysis finds airplanes spent 23 minutes and 32 seconds on average passing between gates and runways, the longest it has been in a 52nd increase over last year. include massive runway construct

let's check the first word news with mark crumpton. mark: thank you. massachusetts state police say a bostoner on a london to british airways flight was restrained as she tried to enter the cockpit. flight 213, which you see live on your screen, landed at about 1:30 this afternoon local time, about a half hour ahead of loganle at boston's international airport. troopers were getting ready to or the train to take the passenger into custody. in a statement, british airways called the passenger unruly and the flight crew asked that police meet the flight in boston. police in hanover germany say a friendly soccer match has been canceled. an announcement by police informed spectators about 90 minute before kickoff. members of the german government, including chancellor angela merkel had been scheduled to attend. earlyson was given, but reports said there was a bomb threat outside of the stadium. french officials say they are seeking a second fugitive directly involved in the paris attacks. seven attackers died friday, three inside of a constant -- around th

let's get to mark crumpton with more news.k: prosecutors say an early morning raid in a suburb of the french capital was so violent they are not sure how many militants died. police fired 5000 rounds of ammunition, two people were killed. officials can say -- cannot say for certain whether the ringleader was among them. france while mullins says the terrorists captured were planning another attack. the arrests are the latest in a police dragnet that has seen nightly raids by security forces . inserted language into the october statement to stress it may well he come a appropriate to raise the benchmark lending rate in december. agreed that largely the pace of increases would be gradual. majority of fed officials have signaled they expect to raise interest rates this year for the first time since 2006. that message was underscored one policymakers inserted a reference to the next meeting on december 15 and december 16. back ons iran has nuclear programs. the move is in line with the deal reached between iran and six world power

i am mark crumpton.y off-limits to american troops and employees on their free time, a department wideband applying to all contractors, family members, civilians, and keeps them from going within 30 miles of the french capital. excluding military assigned to diplomatic posts, and the french president says he will ask to extend the state of emergency, increasing police powers and limiting public out the rates. today, they called on the united states and russia to join forces with france in the fight against islamic date, and it was a moment reminiscent of world war ii. after addressing parliament, president hollande led his country in a moment. ♪ and: and you can get these more breaking news on bloomberg.com. john, back to you. mark.thank you, it is time to bring in the assistant secretary of state for public affairs and state department spokesman during the clinton administration. he is now a columnist for "the sunday times of london." isis is now a threat to the entire world. he joins us from london. th

i mark crumpton. -- i'm mark crumpton.x: a record-breaking singles they in china today as online transactions reached $14.3 billion. withet: emily chang spoke jack ma about coming to america and if he wants to engage in competition with the likes of amazon. jack: without the united states -- we are very grateful for the united states. without seattle there would be no ali baba. without the american tourists to come to my city, i would never learn to speak english. without the silicon valley -- people say, when did alibaba come to america. alibabasay when can come to america? lycee, we did -- i say, we do not go there to compete. if we go there we want to help the small business, helping them to china, to asia. we have such a huge demand of chinese consumers online. we have more than 120 million people even on the mobile phone shopping our site. we need good products, unique products. usa has huge potential. -- i want five years our team to be central to invest in the high technology. helping them to grow and helping them g

mark crumpton has more from our news--. mark: the u.s.-germany-brooklyn have had so-called oversight sinaigs in place for the peninsula, where a russian passenger plane went down over the weekend, killing all 224 people on board. airlines have been advised to avoid flying over the sinai below 26,000 feet or the warnings cited the use of antiaircraft weapons. in airplane's flight data and cockpit waste recorders were recovered from the crash site, which spreads out over six square miles. president obama has designed a bipartisan budget bill suspending the death -- the debt limit. he averted a fiscal crisis last you week. it suspends the debt limit through march of 20 17. health officials expect the number of people sickened by an e. coli outbreak linked to chipotle restaurants in washington state and oregon to rise. three people in the portland area and 19 people in western washington state have gotten sick from e. coli, 17 had recently even at age of public restaurant or disapproving supreme -- 17 had recently even added chipotle restaura

. ♪ right to markt crumpton.ark: president obama let americans in observing veterans day today, following the traditional wreathlaying at arlington national cemetery. the president said today's about more than showing gratitude to veterans. he said it is also a reminder to give they still have our nation and our duty to them. the suspected bombing of a russian airliner over egypt last month is raising concerns about security here in the united states. most of the one million airport employees are not subject to security searches. after series of drug and weapons charges at u.s. airports, lawmakers are seeking changes to expand screening and background checks. about 13 point 5 million people tuned in to fox business last night for the fourth republican presidential debate, according to the associated press, who said it was the most watched program in the networks history but still the least watched of this year's republican debates. 14 million watch the previous debate on cnbc and 20 million tuned in for each of t

i mark crumpton.: wall street banks are launching new effort to get rid of the two big to fail designation. trading and lending agreements would allow certain contracts to remain intact for as long as two days after a bank fails. the thinking is that it will time totering banks jump in and set up a healthy version of the bank. the financial stability board estimates that the world's biggest banks would need to raise $1.2 trillion to prevent another round of bailout. as a former director of the treasury department's office of financial institutions policy under president obama. so you are familiar with all these rules and regulations around this. why does rewriting the contracts make a difference? >> you have to go back and remember the dodd frank. there was a provision that gave them a one-day save on these type of contracts. bill, weinished up the recognize it does not always work for multinational corporations. in u.s. the provision law but it does not stop counterparties in the u.k. or asia from se

mark crumpton has more from the news desk.nt has convene a meeting to discuss the deadly terror attack. the ap reports at least 27 people were killed when an islamic extremist group with ties to al qaeda stormed a hotel. senators voted to extend the state of emergency for three months. it expands police powers to arrests and searches in specific locations. french police have conducted nearly 800 raids since last week's attack. they say last night alone, police conducted 182 raids. new drugs should not be priced ,ut of reach for patients according to president obama. he has called for giving medicare legal authority to negotiate prices were high cost specialty drugs. the interim police chief in ferguson, missouri, will leave his post one month earlier than expected. andre anderson submitted his resignation effective december 2. he cited amalie reasons for the early -- family reasons for the early departure. a justicerom department criticized police and court practices in ferguson, for the shooting death of an armed -- unarmed b

mark crumpton has more. latestet's get to the with the downing of that russian passenger plane today. the white house saying they cannot rule out the possibility of terrorism in the crash. it was over the sign a peninsula in egypt. islamic militants took responsibility for it. saying it was in response to a military strike against isis targets in syria. he told reporters he could not discuss what u.s. in touch -- intelligence officials have learned. a new poll finds a majority of americans have doubts about the u.s. plan to stop them. six in 10 surveyed by the associated press disapprove of president obama's strategy for fighting militants in a lot -- iraq and syria. those who want to study be fine print of the pacific rim trade deal have their work cut out. the terms are on line today. the deal may be ratified by congress and 11 other countries. the parliament in the values voted to impeach of the country's vice president. he is accused of plotting to kill the president. he is facing terrorism charges after

from the bloomberg first word desk, i'm mark crumpton. betty: thank you, mark crumpton. we turned back to the fed and monetary policy. while the latest futures show the odds of a rate increase in december hovering around 66%, the fed appears to be readying everybody for a december rate hike. listen to what the vice-chairman's dad at a conference concerning -- vice-chairman said at a conference concerning monetary policy. >> it may be appropriate to raise the target rate for the -- target range for the federal funds rate at our december meeting. while the outcome will depend on the committee's assessment of realized and expected that has been made toward meeting our goals of maximum employment and price stability. betty: joining us now is portfolio manager toni kroos enzi. last time, you said it was more than a 50% chance. tony: the odds were high in the marketplace. betty: now are they even higher? tony: they are close to 70%. if you take extraordinarily weak , you coulding data change the fed's mind. the jobs report for october was more than the average. betty: it blew

let's get to mark crumpton.he obama administration has decided to reject s keystone pipeline, ending seven years of debate over a project that ballooned into a contentious issue. : this morninga secretary kerry informed me after extensive outreach and cabinettion with other agencies, the state department has decided that the keystone xl pipeline would not serve the national interests of the united states. backers arepeline's expected to challenge the decision in court, and congress may try to override the president. the project may get a fresh look in 2017 if a republican wins the white house and invites transcanada to reapply. campaign officials for republican president candidate ben carson have admitted that a central point in his personal story was made up, his application and acceptance into west point. the economy says it has no record of carson applying or ever being admitted to the school. in his book from 1996, "gifted wrote he turned down a full scholarship to west point. fifa president set the latter -

mark crumpton has more. mark: thank you. obamaarm will ask -- the administration will ask the supreme court to consider the shieldnt's plan to immigrants living illegally from deportation. a federal appeals program refused to let the program began while 26 states try to stop it. the states would probably end up winning the lawsuit. the senate is expected to pass a bill that would ban moving guantanamo bay prisoners to the u.s. in there 112 prisoners cuba lockup, most of them captured an anti-terror operations. congress would have to sign on on any new u.s. facility for prisoners. teams of european, russian and middle eastern inspectors at cairo international airport in the wake of last month's crash. officials are examining the as they of passengers make their way to aircraft. security guards and carers are being inspected. the university of missouri is making changes following the resignation of president tim wolfe. the school will offer diversity training to students, faculty and staff beginning in january'' down yesterday

i am mark crumpton. is one of the most inductive -- smitten investors double ind nearly -- a rising interest rate environment. scarlet: there is a problem. to etf has incinerated close $8 billion as hopes of higher rates and sweet profits keep getting dashed by the federal reserve. etf is eric balchunas, our expert. most actively the traded etf's. eric: it is the largest leveraged etf in the u.s. this oneuld say about is yes, it has incinerated about $8 billion of cash, which is more than six, old miners, russia, other bottom calling kind of plays. 2.8 billion in an environment where you lost 80%, you wonder how big and popular this etf will get if this trade starts working. i talked to one money manager. they said when this trade works it could be their best trade ever because if we get into a prolonged rate rising environment, this thing should profit from that. leveraged etf's tend to do really well if the play is moving in one direction. it still has not had its day in the sun. as of now, it is a sed

i am mark crumpton. betty: thank you, mark crumpton at the news desk. let's get back to our top story for the markets today. job stay in america. the labor report showed a 271,000 gain in payroll, the biggest jump this year, far surpassing the most every economist's expectations. humala. --i area -- muhammad ali area says it sends three consequential messages to the fed. >> job creation remain strong. the and of limit is lower and wages are going up. ratewith the participation not moving from this almost the fedlow, it tells there are structural issues. it is not all cyclical. therefore, monetary policy cannot be the answer. finally with the muted stock market response 10 year yields have moved nine basis points. a lot of people thought stocks would be down even more. with the muted reaction, it tells the fed you can be cautious moving forward. in hishe also wrote column this gives the fed the green light to raise rates in december. joining us from stanford is tim kane, a research fellow and economist at stanford's hoover institution who serves on the j

mark crumpton has more from our newsdesk, mark. mark: most market watchers will be looking for clues on whether the fed will move on interest rates at december's meeting. there is speculation the fed will begin raising rates for the first time in a decade. michael mckee is in washington. michael: the fed officials have to be talked out of a rate increase in december rather than talked into one explaining the change in language in the october 28 statement that suggests that they would consider a rate increase at the december meeting, the minutes say this change was intended to convey the sense that while no decision had been made, it would well become appropriate to initial the normization process at the next meeting provided that unanticipated shocks do not adversely affect the economic output. weaker than expected job growth in august and september led to what the minutes describe as all members agreeing it would be better to wait for all data, almost all said the economy is growing fast enough to keep the unemployment rate stable

mark crumpton is at our newsdesk. mark. mark: let's begin with the united states saying it cannot rule out the possibility of terrorism in the crash of a russian plane in egypt's sinai peninsula. the white house press secretary says the u.s. has not determined what brought down the metro jet last saturday illing 224 people onboard. refusing to discuss what intelligence officials have found so far. militants are taking responsibility of the crash. the terror group hasn't provided any evidence to support that claim. germany's group says it's suspending all flights to and from that airport due to the current situation on the sinai peninsula. two weekly flights would be affected. luste thanksa will work with the german foreign industry to make sure tourists are returned home. details of the sweeping pacific rim trade deal are out. the agreement between the u.s. and 11 other countries lays out plans for the handling of trade in everything from zinc dust to railway sleepers. it sets the stage for extended debate in the u.s. congr

. -- mark crumpton has those from the news desk. development in the investigation of the paris terror attacks. hans nichols reports from terrace. -- paris. : france officials have id the body. they say he was killed. it took some time to make thingic proof by matching to prince that the ringmaster was indeed killed in the operations wednesday. here is where we stand, continued raids in belgium, looking for other suspects, other accomplices, and the french president has won in the lower house of the national assembly, authority to expand state powers. minister, in making the case for enhanced powers, suggested france and elsewhere in europe could be at risk of a chemical or biological attack. later, he clarified they did not have concrete intelligence on that. meanwhile, the climate summit later next month is set to go on. president barack obama has indicated he plans to attend. another terrorist -- we still do not know the location of that person or whether or not his corpse was among those that died in a hail of bullets and suicide

we have got mark crumpton.still remain in the wake of the crash with the russian passenger plane. vladimir putin told david cameron to a for the results of an official investigation into the crash after the british leader said it was "more likely than not that the crash was caused by a bomb or the first of the victims was laid to rest today in russia. the secretary-general calling out rush over the buildup of military forces from the baltic sea to the mediterranean. is asking therg reliance to come up with a response and says the buildup could allow moscow to eliminate nato's access to certain regions. today to impeach the country's vice president, accused of plotting to kill the country's president. facing terrorism charges after a bomb exploded on the president's speedboat in september. the president survived. he has denied any involvement in of blast and is the second their vice presidents in peach in three months. no armed fighters in or near and afghanistan clinic run by doctors without borders when it was

i am mark crumpton. >> we are back.there is a divergence between the market and economist we are hearing from regarding inflation. inflationf expectations, no one sees inflation. economist say that inflation will come back when the oil if x fade. there are other factors. -- economists say that inflation will come back when the oil effect fades. >> even janet yellen has weighed in on that and said that the market thinks inflation will stay low forever. it is inflation compensation. from oilits cues prices being low. that varies widely from economists opinions because they have to look through that, oil prices are indeed transitory. it is true that if oil prices that is a big criteria for the fed, if you make that annual lap around the base, then headline inflation rises rapidly. at things look through a monetary policy maker's eyes. oil will always be transitory. the fed held off on raising rates because of china. off -- holdld it off if oil prices continue to tumble? conditions is what matters the most for the fed. that

mark crumpton is at our news desk.nch police carried out another raid, blowing up a door to enter a house 145 miles east of paris, no word of arrests or injuries. a seven-our raid yesterday left the leader of the terrorist attacks dead. according to a document obtained by bloomberg news, justice ministers are weighing plans to expand security screenings and database matchups for every passenger arriving in an eu nation. an announcement on the proposal could come tomorrow. belgian authorities detained nine people during raids around brussels. a prosecution official says two detentions were related to friday's attacks. it's an unlikely way to show defiance against terror attacks in paris. memoir hasngway's become a bestseller in france, a movable feast is the fastest selling biography and foreign language book on amazon's french site. you can get more on these and other breaking stories 24 hours a day on bloomberg.com. david: commodity markets are closing in new york. let's take a look at the biggest movers. coffee climb