White house Breakfast Press secretary made comments as well. The story all morning long caroline in paris on the ground. Tell us exactly what is going on right now in the aftermath. Good morning. A state of shock as was said an hour ago. A newspaper has been attacked. Now they are trying to figure out what will be the response of the french government to the terrorist attack in the newspaper. France was placed under the highest level, meaning you have some security obviously, there will be security in the media as well. We have increased the security in france. France is in a state of shock. Just been launched to support the victims, the family of the victims on twitter and this is going viral. Many french people here are in a state of shock. It is important to get a sense of what the this is for france. Cannot confirm, but it is possible the pen name of the cartoonist has been doing very aggressively secure satirical cartoons of the prophet mohammed , the cartoonist himself kissing a muslim man. Caroline, though this is shocking and brutal, it is not the first time this magazine has been attacked, right . It is not. A history of very provocative cartoons. The liberty of expression, the freedom of expression of cartoons. According to impressionist, several famous cartoonist of the newspaper have actually been killed in the attack. I have the names i have been circulating in different french media reports who have reportedly been killed in these attacks. This is against everyone the pope, the president , and they have a history. In 2011, they were already attacked, firebombed at the time. There were no victims whatsoever. The news editor at the time said he understood but they wanted to keep their freedom of expression. Those are, by the way, next to a viewers are seeing right now, live pictures of emergency vehicles around the headquarters. Caroline, and absolutely disturbing image we showed earlier. Lets bring that back up of two gunmen emerging from a vehicle read before they stormed into headquarters on their shooting rampage. What do we know about the gunmen . The report that they escaped in a stolen car, tell us more about what we know about them at large . What we know is there were two gunmen, according to some media reports they were using automatic weapons. When they left the headquarters one of them apparently two witnesses on the ground one of them apparently calling two witnesses two of them on the ground remember before christmas, we had several events of some people supporting the Islamic State, shouting the same thing as well, just before they were driving as the Christmas Markets just before christmas. These can be late, even though the gunmen are still on the run. Also a very dramatic we actually see one of the gunmen shooting one of the policeman who died in the attack just next to the headquarters and of course, we will probably see more of this dramatic in the next few hours. Press you mentioned a twitter handle that has just gone up mode moments ago. We see what is going on right now on this twitter page. You can see in french, it is as you mentioned, caroline, going irobot this point. A lot of people around the world in support of what happened here. The thing you can the most dangerous thing you could do is draw an image of mohammed. Cartoonists and people have been on the front lines. Police say they are on high alert now. To depict the prophet is the most terrifying thing you could do. One thing i am curious about is, looking out somewhat into the future, how do we think this will change french politics . We know this is artie become increasingly popular over the last several years. Obviously that will not help. As you mentioned, just in the past european elections a few months ago in spring, the highest score, and the thing that may have started this whole attack is a book coming out this week, a book called submission. It depicts a dark side of a france, imagining an election taking place in 2022, where you have brothers taking power in france and winning against candidates. This book depicting this about the right wing party would support the candidate against the National Front in order to block the National Front. Of course, this will start spark a whole new debate. And the difference between islamism, the Islamic State, and normal islam, who are very sharp. As we speak, there are 4 million muslim arab people in france. We have to be very careful not to demoralize them in the next few days. Not at all. They make up 10 of the population in france. I want to bring in Phil Mattingly standing by. He has been on another story with president obama, traveling on a threeday roadshow to talk about the economy. I imagine the entire focus now of the white house is on what is going on over in france . What is going on at this point . No question the focus is changed. White house officials are very aware of what is going on right now. Jeff express condemnation and offered support. Condemnation as well for the events that took waste. It is still very early. They are trying to get a real sense about what actually happened. International coalition to fight the Islamic State. The u. S. Would be very involved with what is going our. It is a wait and see operation in the white house and the Intelligence Community side of eggs. Theyre trying to get a sense of what is going on and what the threats might be and how they could get help going forward. It is still very early here. Any chance for any discussions about raising our own terror alert here in the u. S. . Not that i have heard so far. Just in brief conversations with Homeland Security and intelligence officials this morning. I do not think theyre ready to take that step. Any consideration of close in the industry at that level, i do not think anyone is anywhere near taking those steps. Just trying to be aware of the situation. The president is on the road heading to detroit to talk about the economy. This event, youll hear him adjust this specifically and talk about what france needs as an ally and what to do going forward. We have confirmation saying sharp is a cartoonists who drew the cover of profit mohammed several years ago. Several other illustrators confirmed dead in the attack. It is the illustrators and sat tourists and cartoonists considered the most at risk which is shocking. Shocking and devastating. Thank you so much. I know you will stay on this story with me. Phil mattingly out in michigan, were getting confirmation that it is now 12 people at least filled in this shooting. We will be back in two minutes. We are staying on the breaking news out in paris, the shooting at Charlie Hebdo headquarters. In the meantime breaking news here in the United States on the job market. Coming out a few moments ago, 240 house and jobs above economist estimates. Olivia sterns at the breaking news desk. Expecting a stronger pickup in hiring, the private survey of jobs in hiring in the u. S. 241000, better than economists we surveyed were forecasting two hundred 25,000. This is a pickup from 200 and 8000. Another sign of momentum in the market. It is really picking up and consider this an appetizer for friday path is month the monthly jobs report. All right. Olivia, thank you so much at the breaking news desk. Shooting in paris, now confirmed at least 12 people dead in the shooting. Brandon has been covering this all morning long. I want to bring in my guest Host Former White House official Catherine Stein author of a new book and also, frankly communications f expert, one of the senior members in eric cantors staff. Let me show throw it out to you first. There will be a lot going on in washington today, a lot of discussion not just in the white house about what assistance it could give to france in this tragedy, but also in congressional leaderships and discussions around what the president has or has not done around Islamic States. Yes, i think you will look with Congress Talking about what the president should do and what the president has been doing but in a way of how we can help. Republicans and democrats will be unified because this is an awful attack and it is very clear we will move together forward for france, just as france did for us after the 9 11 attack. You have been through many crises in your time in d. C. Walking through the steps when a crisis like this hits. What goes on on the hill . The first thing is you gather the facts. What happened, when it happened, and how it happened. We are seeing from news reports exactly what happened. That is why you see members of congress and leadership starting to talk about, certainly, we stand with france. That is preliminary. With the want to know exactly what happened so we can prevent these things in the future, but we also want to know the whole time we stand with france and with the leadership of france. It is important for the french president to show the leadership. No partisanship at all. Lest this is amazing, i am watching the twitter feed this morning, and they have an email, a researcher who is very close to the Editorial Staff of Charlie Hebdo. He writes, all of the men i know are dead. This is something we have never seen in the history of our company. The press is methodically decimated after a military attack. They have attacks, firebombings, but this is unprecedented and i want to talk a little bit about the politics of this. We have seen already in the last five years a rise in far right parties. It is impossible to call them far right parties anymore because theyre becoming increasingly mainstream. Could command possibly 10 of the vote, and it is now climbing upwards. We see that across europe and particularly in france there this is not the research you do but one of the things interesting to me is watching these parties tied into antieu sentiment, but also antiimmigration sentiment, and these are two things in europe that have been twinned. Two thinks a separate, one is partly for some struggling with grievance, partly because of a persistent sense of subordination in some way or another. That is a problem and needs to get a target for people suffering in that way. The target may be a political target, immigration. The other issue to focus on and its relationship to terrorist acts remains to be determined, but it is likeminded people who have a sense of grievance or outrage talking to each other they can hear about great extremism in the terrible case of liberal violence. That is fascinating. We will bring this up on the screen, the growth in the far right parties. We can take a look in a second. One of the things i let that last year to catherine she called these parties entrepreneurial parties. These grievances youre talking about have been sitting around waiting for someone to seize on them politically. Yes. There is an idea of polarization entrepreneurs people who try to foment polarization by focusing on a set of people identifiable along ethnic or other lines, maybe even sociological lines who have a grievance, who sued the polarizing themselves, more politically engaged, more outraged, creating something new. Civil rights movements sometimes have been created by polarization entrepreneurs, as theyre called here they can be a well functioning part of democracy, very important. The danger is when it is based on falsehood based on a kind of hatred when theyre not helping anybody. You cannot discount what is going on in the French Economy that this content, using unemployment in double digits, how that could read two affiliations with extremist views are all right. Stay with me and we will be back in just a few moments. We are staying on our top story this morning. Four people now confirmed that at least 12 in a shooting. Olivia sterns is also covering for us in the breaking news desk. 12 people have now been confirmed yet. Paris is on high terrorism alert. Four more people are said to be in Critical Condition and an additional 20 people injured in the attack. The attacks come in week when the satire submission was put out. Essentially, it was a political parody. It was not totally unforeseen. Anyway, there are suspects, who the police are in hot pursuit of. Two hooded people entered the offices of the magazine, shooting at random and shouting god is great. Several journalists fled to the roof of these suspects are on the roof in paris and we expect a press conference in just a few minutes from now. Olivia, thank you so much with the update, the facts on the paris shooting. Still with us on this story, the Bloomberg View columnist joining as well. In washington, Crisis Communications also staying with us throughout. Also joining us on the phone is the associated professor of Political Science at Boston College who specializes in europe it european politics. Professor, let me just throw it to you first, whether this, as were working our way or the situation, is representing or going to represent now a seachange here here at is this an Inflection Point with how the west and the u. S. And european allies deal now with what has been a growing problem with islamic extremism . The problem of extremism is not new. The scale of this attack is certainly unprecedented in the french context. There have been several military style attack on civilians in the last several years. In march, 2012, if richmond killed several soldiers and judicious citizens and just past may, there was a similar attack on the museum in brussels, also by a man who is militarily radical. Unfortunately, this is the latest in a small series of military style attacks, which seems to be direct the related to the war and syria and iraq. Some form fighters have gained there and are bringing back to europe. Help us understand the slow boil of what is going on in the last 10 years all over europe nature of extending of the netherlands in early 2000 and a slow drip of events ever since then. There is frustration in europe that politicians are perhaps too accommodating of extremist views . I do not know any politicians who are accommodating of extremist views, but the problem is real that you have on the one hand a new religious minority that has not yet found its place in the pantheon of european relations, made up of millions of quite normal, peaceloving people, but with the exception of several very bad apples. The slow boil you referred to is quite right. There have been conflicts over the representation of islam and the representation of prophet mohammed in particular. You mentioned van gogh was a dutch filmmaker and Vincent Van Gogh was shot to death in the streets of amsterdam 12 years ago after having made a tone that was insulting of the koran. What followed, you might remember, is the cartoon controversy in denmark with a danish meat newspaper and a contest was held to see who could draw the picture of the prophet mohammed. This newspaper, Charlie Hebdo is in the same satirical tradition and that they are courting confrontation, looking to provoke religious extremists of all client, not just islamic. Very unfortunately, this is mixed together with the presence of hundreds of foreign fighters from france now receiving military training. Some of them are being sent back to france. You have written about extremism and extremist thoughts, not specifically about the islamic movement, but you are familiar with this and what we have seen over the last several years. Last i am not sure but it might be. One, there is a terrorist act tempted to think, the people who have done it are crazy or poorly educated and poor. None of those things is true. What happens is you have people, often young man, in a social network edge each other toward further and further thank you anger and outrage accommodating industry and extremist act. Frequently, when terrorist acts are undertaken, it is not just that people have military training although that could be an ingredient. There is a social network. Guns aiming these goals closely at police cars. This is not to say they did not have it. It is to say that those are not the only type of people drawn into the spirit quests plenty of people with military training do not kill civilians. There are two kinds of polarizations. They have run parallel, part of the work done with polarization is these events drive each other. They can. It is important to say in a Democratic Society like france and the night is it, to have parties on the right and the extreme right and parties on the left, the extreme left that is fine, but we need to isolate what kind of party is connected with what kind of violence and we do not know any particular case of tragedy whether a party itself is to blame or which particular views are to blame. We want to be careful about attacking people who deserve to have their say in the political process. Of course. I wanted to let you know what is happening right now. We believe there are 12 people dead. Two gunmen entered the office of a satirical newspaper. France law called it a barbaric Terrorists Attack the entire nation of france the police protecting cultural notations, and also members of the press as well it looks like many of the cartoonists at Charlie Hebdo have been killed. Vladimir putin resolutely condemns terrorists and says he is horrified by the terrorist attacks. David cameron in london right now, supposed to be meeting about issues in the eu and immigration. These are the issues right now that will be utterly changed by this act. Someone went up to them and whispered in the ear, and the entire tone of this summit changed. Classless not forget the gunmen are still at large and we do not yet know the identities and we do not have any further information on what we have himself are. I want to bring you back into this conversation because as we have been discussing, there is worldwide condemnation of the act and we see political leaders have come out and said they would offer france any help they need. Angela merkel and David Cameron will discuss this. The white house monitoring the situation. In terms of the international response, what can we expect . There is what you see, the International Condemnation coming from president obama and David Cameron and Angela Merkel but there is also what you do not see, the fundamental stepbystep plans of what needs to be done certainly here in america, by cities, local governments, to make sure there are not copycat attacks. Certainly plans are being enacted in london right now that maybe not every citizen of london sees, but are definitely taking place to make sure train stations are secured, airports are secured, and to limit any types of attacks whether there copycat or related. Professor, i want to bring you back as well into this conversation. In terms of the u. S. And response, yes, we can offer the assistance and condemn this but that it is there something more that needs to be done . What is the next that . New next step . Unfortunately, france is used to this type of tragedy, not necessarily in the form of shooting but in 1995 and 1996, experiencing the fury of islamist terrorist attacks in paris, including around eight people who were killed, and i mentioned earlier in the program that four jewish holy cities since and several soldiers were killed by an islamist who had returned from afghanistan in 2012 and another watcher were killed just this past may by another this time from syria and iraq. The u. S. Can continue to fight the plague at its source in syria and iraq which appears to be where the worst of the ideology is emanating, which has turned into, unfortunately, a magnet for likeminded european muslims. The numbers are extremely small, but in terms of our own efforts to counter violent extremism, clearly what we have been doing over the last 13, 14 years now is not enough. We have to continue to work with our allies combating violent extremism, especially in this minority of european muslims who do not find their place in european societies, and who are evidently attracted to something completely different. These men spoke Perfect French and had military training perhaps informally by the Islamic State military. There needs to be better ways to prevent these fighters from getting here in the first place. Were working more with turkey on controlling the border and we continue to work with french counterterrorism identifying potential deportees before they make it there and come back as dangerous as they appear to be. This reminds us how reliant we are on our own intelligence agencies. To help us understand where the attacks are coming from, are they People Living in the country inspired by those abroad, or are they returning . One thing really worth undermining this morning is the immense importance of the Intelligence Community including the cia and the nsa, which have been controversial and reasonable questions and objections have been raised and the fact that americans and europeans are safe as they have been over the last years, that was a great yield to the terrific work of intelligence agencies in ferreting out risks and diminishing them. And as we heard it was said france had gotten many signals in the last several weeks that there would be terrorist attacks there it they were already on high alert with the gathering of intelligence. Thank you so much for staying with us. The associate professor of Political Science at Boston College. And brandon, we will have much more on the latest terrorist attacks in paris. We continue our coverage of the terrorist attack in paris. 12 people confirmed dead after the shooting at the Charlie Hebdo mexican headquarters. Back with me, a legal scholar and bloomberg review columnist and also a new author. Also joining me on the phone is the Bloomberg News editoratlarge whos based in paris for many years and now joins us from london where it we know several european leaders including David Cameron, will these aching with Angela Merkel about this. What will be the nature of this discussion and reaction on this . Obviously, they would Start Talking about britains role in the eu, but obviously, the fest the subject will change. At this time, they will offer public moral support for the french people and more importantly certainly share intelligence information, but they will not discuss that publicly. Help us understand the difference between a very large muslim north African Community that has been there for a long time, and these isolated acts in paris . You really cannot generalize. There is a very large Muslim Population and the vast majority of them are lawabiding and reject tactics like this. But you do not really need that many that big of a radicalized minority to wreak havoc. That will certainly continue to deepen fissures in the society and strain relationships between the white majority and those who support and those help us understand what that means. This is a fringe party in the 1990s, which now after this morning, a potential coalition party. Her father started the party as annex was simply Antisemitic Party and she has moved away from that animated and antieu party and the nationalist party. Not far below the surface, it maintained a historical links and sympathies. You can certainly see it attracting more support over the next few years and months. But for the vast majority of french people, it is still something of a pariah party. Whether it could exceed 20 of the population remains to be seen. I know we have got video of french police. They appear to be looking through the car the gunman had used prior to this shooting. There is a photo there of them gathering evidence to see what they could find to identify who these people are, who the two shooters are. I want to mention that, as i noted, you were part of the white house, on the review board after the Edward Snowden leak. And intelligence gathering point you make is that todays about security and securing our borders and finding these gunmen. It is a testament as well to intelligence gathering and intelligence officials that we have not seen this scale of attack in many years. Right. One thing you said that was interesting and concerning, in france there are signals there was danger but apparently, they were not precise or clear enough for action to be taken. This underlines it is massively important not only to have sensible privacy respecting intelligence gathering, with an emphasis on sensible, ferreting out attacks, not intruding on privacy, but ferreting out attacks, and also to have sharing across signals. That is often indispensable. One country will know something another country does not. As long as theres information sharing you can pull. A trashy like this, it almost leaves room open now for perhaps the government to say, we need to continue this intelligence gathering and push back on some critics of privacy. There are completely tradeoffs to be made and sensible compromises. To emphasize privacy at the expense of security is a mistake. To emphasize 30 at the sense of debt expense of privacy is also a mistake. Americas Constitutional Order has two meetings. One insecurity in the home and the other is secured against violence. Thank you. We appreciate you staying with us. James as well, thank you so much for joining us. And we will stay on this story. More on the shooting in paris, we are getting word the president will meet with his National Security team to discuss the situation. I want to get Olivia Sterns at the breaking news desk with more. The worst terrorist attack in paris in decades. Four are said to be in Critical Condition. 20 more injured this after a secure call magazine in paris two gunmen allegedly went on a shooting rampage, saying god is great in terrific. A high state of alert, 3000 policemen have been mobilized to look for two suspects. If you go online, you will see amateur footage of two alleged gunman leaving their cars leaving this satirical newspaper, in france. We see reaction pouring out for World Leaders across the globe here in the u. S. President obama will meet with his own National Security team this afternoon. We have a statement from the white house saying the United States condemns the deadly attacks and says everyone at the white house are with the families of those who are killed and injured near the white house has been in close touch with counterparts in france this morning. We are hearing from the canadian Prime Minister saying he is horrified by the barbaric terrorist attacks in france. Were are also hearing from vladimir putin, who says his condolences and condemns the attacks. Back to you betty. Thank you. This reminds me of two things. We are in this environment in the for fourth floor in manhattan talking about these things, but journalism, as it is done right, angers people and can be dangerous. It is a horrifying reminder now that you have journalists under Police Protection because of what happened. Stay with me. I want to just mention the markets themselves had largely shrugged off at least what is going on right now in paris. Equity futures are in fact still high. We will have much more toward the opening bell. Stay with us and we will be right back. We are staying on the story in paris, the shooting there. 12 people confirmed dead. In the meantime, the markets are focused more on what is going here in the United States. The payroll reports coming in better than estimated. Equities are rallying rebounding from ford is in the selloff. We will be back in minutes. Welcome back. 30 minutes away from the opening bell. Equity futures indicate stocks will open higher after Straight Days of losses. We got the report saying private employers added 200,000 jobs last month. That is more than forecast. We have the payroll report on friday. But we are focused on the big story this morning, the worst terrorist attack in france in decades. Gunmen burst into the office of east circle magazine in paris. 12 confirmed dead, it doesnt others wounded. The attackers escaped and are still on the loose. Here is the french president. And act of exceptional barbarity was committed here in paris against a newspaper. The expression of freedom against journalists who always wanted to show that in france, they could act to defend their ideas and have the freedom, protected by the public. The magazine is called Charlie Hebdo. Story this week was about muslims become the president of france and preventing women from working. In addition was published featuring the prophet mohammed as a guest editor years ago. Staying with me on the story, for more, we go to a Bloomberg News reporter in paris with the very latest. I want to mention that we know some details, but many others, we dont. Walk us through some of the facts so far and what we still do know about the government. Class of we know is that they were hooded. They apparently shouted. Charlie mentioned is not the first time they were targeted. 12 people dead very footage of an officer being shot and then being shot again. Still armed with what people say quite a grim situation. Earlier on the scene and while not on the scene, we were held quite far away. A lot of police and Emergency Services on the site. It was chaotic and no one seemed to be knowing what was happening exactly. What about the scene on the street . We hear theyre shocked by this tragedy theyre described that they what is going on. Large parts of the area were blocked off. Emergency services, police cars cordoned off with Police Barriers stopping access to where they are. The measures are still running. People were annoyed with police officers, trying to pass through Police Barriers. Life outside of that small area around Charlie Hebdo still seems to be going on as normal. You have been in paris since 2004 and you have a sense of what the culture is like there. I am trying to understand what this magazine, Charlie Hebdo means in france. All we know is it was firebombed years ago, what is his role . They make fun of politicians issues like religion, and they are a satirical magazine and those words really say it all. It is not something widely read but certainly something that is appreciated and obviously, this is shocking. Cartoonists, some names very familiar to the french were killed in the attack. This is shocking. You have also reported from amsterdam, and i keep thinking this morning of that horrific stabbing of the filmmaker earlier. How does a Society Change after an event like this . By citizen to rest in. That was, for the never for the netherlands, something that change society because there had been an idea of what they call multiculturalism, of having various cultures living alongside each other maintaining their identity. In the netherlands, you do not have a melting pot there that might exist in the United States, certainly not to that extent. People maintain their culture very much. As a politicians, at least some of them, thought the model was not working. We have also seen the rise of rightwing antiimmigration tendency, Political Parties rising up in the netherlands and also elsewhere in europe. Staying on the political side of it, you had the french president making comments and will be holding a News Conference this afternoon. But also speaking or going to be speaking, tommy the dynamic here of the armor that french leader and the Current French leader and how this will play politically in france. Obviously the president is not liked very well and he has a record low approval ratings. We will see how he deals with us crisis. Someone who is not officially said he will be running for the president again, to my knowledge. There is still in fighting in the Political Party about who will actually head that party. And someone tough on law and order and at the same time, whether he will be the partys candidate is a question yet to be answered. Thank you for joining us. A Bloomberg News reporter. The news hes breaking all morning long and it caused jitters in europe, particularly in the press. We hear the newspaper has event elated office is due to a specific since suspicious package. We know others are also under police attachments. It changes the environment all over europe. I want to bring in julie. As we remarked before, the world is watching what is unfolding, a terrible tragedy in paris. Interestingly, markets here seem to be unaffected. Right. It is remarkable that we are not seeing negative reaction in europe right now. People squarely seem to be focused on the economics and the markets picture right there, rather than potential spillover potential widening of attacks, for example. You do not see fear being expressed in the stock markets at least here or there. People are focused much more on the ecb, on numbers out this morning on Consumer Prices that seem to signal deflation, that seemed to put more pressure on the ecb to potentially injects them is into the european economy. Here in the u. S. We just had economic numbers, job numbers coming out. Showing positive momentum there. Market participants do not seem to be focusing, at least making investment decisions, on the events in paris. What youre saying is horrifying. These events may be just a part of the way we live our lives. A frequent bombings that happened in the u. K. Over the course of several days, people just went up about their lives. At ground zero at the sight of the shooting, people are shocked and it is a different atmosphere. As you just noted, in the largest parts of paris, it seems to be business as usual. Is it horrifying, are we desensitized, or is this something we will eventually get over . Not only that, but attacks on french soil are not as uncommon as they are here. Terrorist attacks. The magnitude of this is certainly larger. The fact that it happened, in a country accustomed to this. Yes. That is something you have to do take into account as well. This happens, would not save regularly, but more so than it does in the United States. We will stay on this story. Back in two minutes. Say in the loop. Stay in the loop. It is being called the worst terrorist attack in france in decades. In the offices of the magazine in paris, 12 people confirmed dead. He does others were wounded still at large. They escaped. An update shortly. President obama with his meeting with the National Security team come out with a statement condemning the attacks. Olivia sterns has more. He u. S. President is clearly joining condemnation. He says he strongly our thoughts and prayers are with the victims of the terrorist attack and people of france at this difficult time. France is americas oldest ally and has stood shoulder to shoulder with the United States. Time and time again, they have set up the universal values, and in paris, where these outrageous acts took place. The president adds that he is in touch with french officials and directed his administration to provide any necessary assistance to bring these to justice. We expect a further statement from the president do to give a press conference at 2 00 p. M. The suspects are on the loose and unknown gunmen, opening fire in the satirical Magazines Office in paris this morning. 3000 police have now been mobilized. High terrorist alert. The interior minister in france, 12 dead and eight wounded in this shooting. I want to bring in a former u. S. Defense secretary under president bill clinton is jamie. Rendon is staying with me as well. The president will be speaking with his National City 30 team. Lets get specific. What kinds of assistance are we talking about . I assume the president will offer whatever intelligence capability we have that might be helpful to french authorities. This is raising another issue. As we see more of these types of terrorist attacks, how do we preempt them and gather information to try to prevent us from taking place . It will raise the issue of enteric of intelligence gathering in the future, privacy, racial profiling, this kind of issue, antiimmigration policies at least discussed in many different parts of europe. It will touch a Broad Spectrum of policy discussions. As far as we are concerned, we condemn this as a terrible act and we will do whatever we can to help track them down. That means in this particular case, using whatever intelligence capabilities we have. What is disturbing and frightening for those of us reading the headlines is that the french president had noted that in fact, there were several terrorist attacks foiled in recent weeks. It is not what appears to be at first an isolated incident. Several attempts were thwarted and this time, unfortunately, it was not. That is always the issue that they only have to be successful on one or two occasions there you can be 99 percent successful in your defense and then have horrific concert is. This is the world were living in now or you can have isolated groups or terrorist groups who are organized calling the shots creating the kinds of horrific tragedies taking place. It is, unfortunately, part of the world we live in. The best we can do is defend against it to gather more information is much as we can consistent with our own values so we do not become a lease state but at the same time, understand that we have got to get as much information legitimately as we can in order to preempt this. Is there anyway to stop it . The answer is no across the board there is someone could always get across a defense. You just have to be as good as you can get, understanding he will not always be successful. Another headline from the are saying they believe three criminals were involved in this shooting. He does gunmen but three criminals involved in this shooting. You were involved in the pentagon the late 1990s any left in 2000 and the world changed and you got into a certain way of thinking about terrorism. It was loosely organized but at least organized under al qaeda. That was the threat. It seems like the world has changed again. The threat is even more confused and were looking at a completely new kind of threat which is people who may or may not be attached to an international organization, with their own ideas. Indeed. You can have lone actors. With the amount of weaponry involved, it does not necessarily have to be kinetic in this case using high velocity weapons. It could be a cyberattacks. This is something we also have to contend with, Cyber Capabilities by criminals or statesponsored and nonstatesponsored can have disastrous consequences for the society at large. We are dealing now with those heavily weaponize going into a source of journalism and a satirical writer and wreaking havoc there. This is something we in the free world who cherish our liberties, will have to come to grips with, you will never be able to eliminate terrorism completely. We have to try to marginalize it, number one through education, building prosperous economies and building tolerance for each other. It will raise the issue of a clash of cultures between the west and radical islam and such. It will pose some challenges for all of us in the coming years. The best we can do is for countries in the United States friends and allies across the world who condemn these types of activities, to join together and find ways in which we can operate and that means sharing information and try to make sure we have the best intelligence possible consistent with our values of liberty, etc. There has to be a balance struck here and im afraid we will see a greater emphasis on intelligence collection, and also going into the field of profiling, which most of us think is terribly unfair, but is a reality. Amid what is also going on amid the ferguson and eric garner decisions it is all a very complicated situation in the u. S. Thank u so much for joining us. We will be back in two minutes. We are continuing to follow the situation in paris. 12 dead and four critically injured at a satirical magazine. Live now at the crime scene, the French Interior minister moments ago said three critical zahra still a large and are involved in this shooting. We will be back with much more the opening bell in about five minutes. Markets are set to open in just a few minutes but we want to get you updated on the shooting in paris this morning. Olivia sterns has been monitoring all of the headlines coming out from the breaking news desk. The interior ministry is now confirming 12 people have died and they say eight more additional people have been injured. Until now, we did not have a number on the alleged gunman. They suspect three criminals according to the main french newspaper, the biggest newspaper in france. 3000 members have been mobilized who were looking around paris. The 11th around where this attack happened, the gunman opening the new loose opening loose on a satirical magazine. What do we know about the attackers . Really not much. The Ministry Said there are three criminals theyre looking for. Amateur video on the internet shows grisly scenes. There are about 3000 Police Looking for people and you can hear Police Sirens all across paris. What happens now . We expect to hear from their president at 2 00 eastern time. We are hearing an outpouring of support from World Leaders across the globe including president obama, who issued a statement at the white house saying he strongly condemned the attacks and says he is offering whatever assistance he possibly can to his french counterpart. The latest on the interior ministry is that 12 people have been killed eight additional people wounded, and paris is on its highest state terror alert and security has been up at train stations across the country. We know they are on high alert. We are getting breaking news, a car explosion reported in a synagogue near paris. This is according to the local metro news in paris. A car explosion was reported in a synagogue near the city. We will have much more detail on this. Neighboring countries are on high alert. The danish security official said they raised their terror alert. As you know the president is going to be speaking at a National Security team. He made it a statement condemning these attacks. The opening bell has run. We are opening here for business in the u. S. U. S. Investors have shrugged off list attack in paris. I want to start with you on this, it is interesting we have seen markets move on the drop of any piece of news out. And this would seem to have rattled the market, or you think it would, but it hasnt. Why is that . I think it is a couple of things. We had a couple of days of sharp selloff in oil prices and Global Market selling off to we are really oversold. To some degree there is a natural listing effect as we get through that pressure and hopefully have a better day today. At the same time this story is still developing. Carl, it is interesting because as nick is pointing out it seems like some of the news out of the u. S. Is overshadowing even the tragedy and concerns here, which is the jobs market. We see with adp that the economy is still humming along. We had two key reports. The adp showed private Sector Employment holding up near trend. November was an anomaly when we saw that egg search and payrolls. Adp tells us everything is holding along at that healthy pace in that back half of last year. Not saying we will see 5 gdp growth in the Fourth Quarter but it does look like it will be 3. 5 . That is an economy that looks pretty decent and therefore is resilient to some of these shocks. We are going to get his minutes get these minutes out later today. The minutes are out this afternoon. The fed does not want to cause big market giant ration big market gyration. We saw a surge in the equity markets. That is not what you wanted to happen. That led into the santa claus rally, then we get into the january hangover. They dont want to be causing that kind of volatility. They want to be very transparent with the exit process. They expressed concerns about deflation and low inflation pressures. They went on to say it is not just oil prices, it is other factors as well. And the lack of wage growth. Week wage growth and other deflationary forces, that is what we have to watch for. How closely are you watching these minutes . Very closely. The futures market doesnt believe feds will be raising rates for five times this year. It leaves one or two boosts nude the end of the year much more likely. The fed can talk about what it sees but the markets they seem to have. It seems almost as if they are not even counting a rate hike by the summertime even. We are now hearing this delay and estimates at the end of the year. It is fascinating to watch. The move down in oil and gasoline puts pressure on the feds longterm goal of 2 price inflation. It will be hard to achieve that with oil being cut by half or more. The fed has its work cut out for it this year. I think these minutes and every fed observation the seer, very important to watch. What are your charts telling you . The key to where the fed is going to be at the end of the year in terms of the fund rate is according to the they put out in the meeting. The diot plot they put out in the meeting. The december meeting fell down to floor 24. They had to go to mid to end the year. If we look deeper in the plot we have a lot of folks who are not voting members this year. We removed those dots. It is only three rate increases this year, which means an initial liftoff. I dont think thats what a lot of fed watchers are anticipating. It suggests it will be moving more gradually than a lot of people. This doesnt seem to be dragging down the market. We have seen oil for instance, which is supposed to be a net positive for the economy. It is an interesting course race to watch. We know we are going to lose some jobs from the oil patch. Then it will be the longterm, hopefully positive impact of other industries kicking in with a pretty good multiplier effect, so consumers take the money that used to go to the gas pump and spend it somewhere else. Its going to be the first three job reports that are critical to watch this year. Thank you so much. I want to update you again on some new reports of another alleged attack in paris. A car explosion outside a synagogue near paris. This is according to the local metro news. We will continue to bring you updates in this paris shooting and the latest on this car explosion. Well be back. We continue our coverage of the deadly terrorist attack in paris. This story broke on surveillance this morning. Ambassador, i want to just show im not sure our viewers had a chance to take a look at this. I want to show the twitter page of it showed the cartoon that im not saying its responsible for this shooting, but it is part of the long line of satire that has been released by this magazine that is targeted that has targeted muslim leaders. I just point that out, it is it underscores what we have been talking about all morning long in france among the populace, which is this growing unease along the muslim french. It is a big factor in how they are integrated or not integrated in society there. Several years ago when the president passed a law that and the complete covering of the face by muslim women, it has been the constant tension among the Muslim Population in europe. Once they have joined the coalition against isis, he has had a field day satire is a muslim extremists indeed, but it is a long history here. It was firebombed in november of 2011 for its own cartoon depictions of the profit motive vomit prophet mohammed. Particularly by targeting not just nonmuslims but the jewish community. When i was in paris this past summer there have been five separate firebombs of jewish businesses by islamic extremists which largely goes unreported here. If i read you correctly this is not a surprise Long Time Coming . Indeed. We have all known that charlie has been targeted. Indeed we see regular threats. The fact it had been so poorly protected, the building and offices, is the lead disturbing. More disturbing is by which the gazan the gunman escaped. According to metro news there has been an explosion just north of paris. The synagogue have been targeted has been targeted for violence earlier this year. I want to talk about the owner of the magazine who was killed. Julie hyman pulled up a profile of him, where he said Tout Le Monde earlier this year, i have no wife no kids, no car, no credit. It may be promised to say it, i would rather high standing been living on my knees. What does he mean to france . There is an a norms satire in french journalism going back and enormous satire in french journalism going back to the days of the revolution. Whether its cold air or saturday night live or john stewart, all molded into one its cold air its colbert or jon stewart or saturday night live all molded into one. I want to bring you back here to the u. S. I know you have been rather critical of president obama and how he has dealt with Islamic State. What do you think the president should do now . Is this a rallying call to take further action against Islamic State . The coalition was wanted by secretary kerry. It has to kick somewhat. We have strong support from france. The nato allies have varies done very insufficient amount of help. We have made progress. There is no doubt the administration has had an effect through our military and air force. Look at the fact that turkey is still on the sidelines, look at the fact that Great Britain and germany hasnt done enough to support the United States. Certain states in the region have dozed insufficient to work to quell the ideological underpinnings. One of the Unanswered Questions is what happens when people trained by isis go home . Do terrorist services have any sense on whether these attacks are not the specifically, but whether people are going home to commit attacks or whether these are homegrown and just inspired by was going on a broad . Its a hard call because france is not only engaged in the battle against isis that they have waged a secret benevolence war against al qaeda in the Western Sahara and north africa. And a number of these people could be coming from any number of places. A french intelligence has been pretty dam good in being able to find out who all it takes is one person to get through. Marc ginsberg, the former u. S. Ambassador to morocco. We will be back in two minutes on in the loop. The Publishing House responsible for the book the Publishing House has been a evacuated. The headquarters has been evacuated. His work was going to be featured to be featured on the latest charlie have still magazine Charlie Hebdo magazine. It is the satchers scum of the journalists that have become the combatants. Amy found an amazing piece that was written just a week ago in politico. This is a danish journalists who published several cartoons of the prophet mohammed. He wrote i thought that was an interesting phrase. That is what we were seeing. These two men with kalashnikovs marching into the office of the satirical newspaper are grievance fundamentalists. I want to turn to hans nichols, our International Correspondent in berlin. As we have been talking about David Cameron and Angela Merkel meeting, this is on the top of their agenda. Tell me about the reaction in germany today. The reaction in germany we just have the interior minister. He sent out a statement, he was speaking with journalist. He said he doesnt have any reason to believe they were planned there are planned attacks here in berlin. Angela merkel already wrote a letter to president francois hollande, expressing her condolences, her horror, her shock, and her outrage at what happened. We will get more of that when miss merkel and mr. Cameron face the camera in london in about two or three hours. Other topics on the agenda will likely be pushed down because of this. You may hear the importance of European Solidarity in a difficult moment like this. Is it fair to say that what just happened will sort of kid sort of put fuel on the fire. There have been regular marches in dresden worried about immigration. Just by reading twitter and some political commentary, this may in fact gives some cause to the movement. This is the antiislamic movement that is really strong in saxony. To what extent to what extent they use this attack to motivate their own supporters, we do not know but there is an undercurrent in germany with a great deal of fear over immigrants. Refugees coming in, and germany has taken in a remarkable amount the world leading in taking and refugees. 200,000 political refugees this year. We will have to wait to see how they respond to it. Hans nichols, our International Correspondent. Staying through the network to continue to cover this breaking news. What we know so far, 12 dead in this paris shooting, eight injured. A car explosion just outside paris, and now the Publishing House evacuated. Stay with bloomberg television. It is 56 past the hour. I am julie hyman. Lets take a look at how stocks are trading 30 minutes into todays session. We are seeing a bounce back after five days of decline, fueled by a couple of things. Among them anticipation of the fed report this afternoon. We are watching european markets for several reasons created we have been reporting on the shooting in paris at the offices of a weekly magazine which has resulted in the death of reportedly 12 people. We are seeing the european markets held up relatively well. It seems investors are paying much more attention to Economic Data and for the prospects of what the ecb may do next. Joining meme in following that attack is Bloomberg News chief International Correspondent simon kennedy. Thank you so much for joining us. Talk to me a little bit about Market Action and what investors are looking at. It seems giving much more weight to that than any set of geopolitical situation. That seems to be the focus. So much more on the Economic Data than the events in paris. Perhaps a case for the economics and what we saw in the u. S. A couple of years ago. It almost guarantees more stimulus. Certainly that is what the inflation data did today. That inflation data showed a contraction of 2 10 of 1 of Consumer Prices. Give me a sense of how significant that number is. That is the first decline since late 2009. More importantly to you compare it to the ecbs target of 1. 9 . You have to worry about deflation as you have to worry about inflation overshooting. In the past the ecb has been accused of being asymmetrical. Clearly now mario draghi is worried that this will continue and become a japanesestyle deflation. Will this be the data point that tips the scale . So far he has succeeded by talking about the ecb willing to step it without actually doing anything. Will this be the number that pushes that in their . Perhaps we have another couple of weeks before the ecb makes its decision. It may want to delay until march. It is under pressure from various courts in germany not to become to stimulants ahead of the week ahead of the greek election. They have not achieved much by saying we saw that in 2012. He had to back that up with any money. The feeling among economists is this time around he will have to deliver something to back up his words. Simon kennedy, our International Correspondent. Thank you for joining us from london offices. We will have another update in 30 minutes. Market makers is next Market Makers is next. Live from bloomberg headquarters in new york this is Market Makers with Erik Schatzker and stephanie ruhle. A massacre in paris. Gun man storm a Newspaper Office and opened fire. The city has been put on the highest terrorism alert. The pressure is on the ecb. Consumer prices in the euro area fall for the first time in more than five years. That may push the central bank into taking unprecedented steps unprecedented steps toward inflation. U. S. Stockpiles probably rose again last week and we will find out