Surprise after paris but there is growing proof that markets are getting more resilient to terror attacks ever since 9 11. Concerning what happened, it might be a surprise that the cac 40 closed pretty much flat. Couple movers to talk about Consumer Discretionary was the biggest loser, investors pulling example. Mh, for Energy Stocks on the other side. An interesting lack of reaction for the most part. I wonder how the markets have reacted with past terrorist events . Here is a look at past events. Markets have sharp reactions and then increasingly shortlived. You to the s p, oil, and the dollar after 9 11. The s p 500s performance right after september 11, 2001, you see a drop of 12 . Here on september 24, the index starts to pull back up. At levelsr, basically before 9 11. Looking at oil, similarly, the price jumped 6 right on september 11. Once trading resumes, it took three days for it to get back to pre9 11 prices. The same thing with the u. S. Fallingand s p as well, right after
Of States Travel to a European Council capital. France is offlimits to u. S. Troops and employees on their free time. Banband of military involves military members, family numbers, and civilian contractors. I am mark crumpton. Emily i am emily chang and this is bloomberg west live from new york today. Coming up, the new age of disaster response. Tech companies lend a helping hand in the wake of the paris terror attacks. Plus, Gaming Systems are a new battle line in the fight against terror. How the Islamic State may be evading authorities with encrypted communication. We will take a closer look at the state of cybersecurity regulation in light of fridays attacks. Could policy changes be in the works in washington . First, to our lead. I want to bring in our global tech editor brad stone who was in paris friday night, joining us from San Francisco. We thought of you immediately knowing you were traveling in the area. In paris, two miles from shooting, police cars heading in every direct
Tens of thousands of people. Why this family is being forced to retire their trusty twowheeler after 30 years. Dad i miss you i miss you. A sombre day in new york city as one of two officers killed last weekend is about to be laid to rest. Good morning to you. Im Morgan Radford, welcome to Al Jazeera America thank you so much for joining us. The funeral for officer rafael ramos comes after an emotional wake on friday where thousands paid their respects to his heartbroken family. Courtney kealy is live with us. The funeral begins at 10 00a. M. This morning much are the crowds there already starting to gather . Good morning. There has been intense security presentations and Police Presence is strong, as some of the crowds are starting to make their way down the streets. What we do have is we expect about 25,000 Police Officers from around the country, as many as that are expected to come here, as well as president joe biden. [ singing ] reporter song and sombre reflection filled the stre
A better place to run its business than the United States of america is burger king. The company is in talks to buy canadas donut chain, tim hortons. Back to our top stories, roche has agreed to buy a u. S. Biotech firm and wit will get 8 billion itcash it will get billion dollars in cash. A record year for m a. Olivia sterns joins us live more. Welcome. Good monday morning. So nice to see you. Why intermune . Big bet on a drug that treats a rare long disease. The fda has already designated the breakthrough category. It has got a lot of pricing power. It is a disease that kills about 40,000 americans per year. The other reason is this is gets roche further. The asthmao build jokes a section of the business. The third reason is this is exactly the kind of old on acquisition we knew that roche and a lot of other players in the industry are looking to do instead of paying a billion dollars without any guarantee, they want to buy up their pipelines and buy jugs in late stage development. T
We are in london. A the Greek Parliament passed 2015 budget last night, but they havent reached an agreement with their creditors to receive their final payments for some 7 billion euros. Ministers meet in brussels today after the german chancellor increased pressure on france and italy to reform their economies. Hans nichols joins us now from berlin to discuss this. Is there a solution for greece or are the markets really spooked . It looks like Wolfgang Choi blood may have just hinted at a solution. You have a technical extension, a longerterm discussion about what greece needs to do. We are talking about 2. 5 billion euros. Wherepeaking in brussels finance ministers are gathering, he says, it looks like greece will need more time. That is more time for the longerterm bailout. There has been a lot of talk about a technical extension. Markets. D calm when we saw this whispered about last week, you saw yields starting to drop on greek debt. There is a little bit of exasperation, franci