The freedom of speech, the culture, the democracy. This was the target. It is the ideal of peace and justice that france carries everywhere on an international scene. The head of the paris mosque called on muslims to honor victims. There is a global rally. There is growing speculation that the European Central bank will begin quantitative easing in the u. S. Interest rates will probably not be raised until late april at the earliest. Two terms before any raise and Interest Rates. A vote of confidence for bill gross by bill gross himself. Most of the money in the janus fund was moved from his own mutual fund. Shares of tesco are up 11 . David lewis has continued his turnaround plan. Lets return to our top story. Overnight, tens of thousands of people gathered in squares across france and in london and in berlin and new york to pay tribute to the victims in paris. Crowds assembled with signs and smartphones saying je suis charlie. Please continue their search for the gunman. There are new details that the suspects may have been located in the north of france. This is about 80 to 100 kilometers to the north east of paris. The bbc reports that they have more opt may have robbed that gas station. Police are trying to ascertain where they are. This is a city that is going for a manhunt and a country going through a manhunt. This morning, there was a moment of silence and cheering and Charlie Hebdo will come out with a publication next week in an act of defiance. There has been the shooting were one Police Officer was left dead in the south of france. Police have not said whether or not that was related to yesterdays shooting. It appears as though a mosque in the eastern part of the country a grenade was thrown in there, but no one was injured in that attack. We are starting to see that the political discussion is really starting to take off. Tell us more about the political discussions in europe. There seems to be an antimuslim slant in europe. The German Justice minister came out with a statement saying pegida the rightwing protest movement is clearly using this to grow their numbers, to swell their ranks. There is an incendiary tweet from marine le pe this morningns calling for an immediate referendum on reinstating the Death Penalty in france. Hans nichols nichols, our International Correspondent from the scene. Widespread outrage from around the world. The Obama Administration and senior lawmakers are pledging unity and support for france. Phil mattingly joins us to explain what exactly that support looks like. The president spoke to francois aland and pledged u. S. Resources. What are these resources . They are extensive and start with the Law Enforcement side of things. The fbi has agents fulltime on the ground in paris already. It is also on the Intelligence Community side. The nsa is involved. You have intelligence from the cia and theyre working on the idea of trying to identify the two suspects and put together how this actually came to be. Is this a lone wolf attack or is there a broader plot . The u. S. Resources are available and are being utilized right now. Bringing it back to the u. S. Could there be any impact on her own immigration efforts . One of the few things that came out yesterday the issue of the funding of Homeland Security, that is one of those issues that has been held up because of the immigration issue. That funding runs out in february. You so republican members saying that you cannot hold hostage the funding for Homeland Security whatever your feelings are but the president s immigrations actions. That is the first and primary issue i have seen so far. The pendulum often swings in these type of issues and lawmakers want to take action. What about intelligence gathering . It has a lot of mistrust in the u. S. And europe. In the lake wake of the leaks from edward snowden, there has been a lot of distrust. It has been problematic for the u. S. Intelligence community. U. S. And french intelligence are about as close as it gets when it comes to the u. S. Interacting with european nations. What is going to be interesting is that you are going to start to see that may be some of the pressure on the u. S. Regarding intelligence collection capabilities is going to start to ease a little bit as they recognized the threat and the resources the u. S. Has to bring to the table when Something Like this occurs. Thank you. Lets turn to the markets. The fed minutes confirmed that janet yellen is patient it means a rate hike is unlikely before april. Carl, the markets did not react much to the fed minutes. The bulls took cold and continued. Took hold and continued. The key focus was this concern about other disinflationary factors beyond oil prices. The talked about members not seeing any signs of significant wage pressure. That is the force that would drive inflation. There are concerns that Market Participants are overly concerned with this made your guidance midyear guidance. I want to read the minutes to you. They also recognized what was going on overseas. That is kind of unusual for them to do. Some participants have lowered their assessments of the prospects for Global Economic growth, several noted that the likelihood of growth had increased. They are recognizing the ecb, the doj boj and other central banks. The minutes provide more real estate for them to discuss topics and it was prominently noted. The decline in oil prices, that is a positive. It may force banks to move more quickly. The ecb, the bank of japan they have lower inflation and are worried about disinflationary concerns. That is largely what that passage was about. Back in the u. S. , you mentioned Wage Inflation. We get the monthly jobs report tomorrow. And just about 20 minutes, we will get jobless claims. What do we expect . Expect volatility in jobless claims this time of the year. We had a lot of temporary work. They tend to all get laid off at the end of the year. That wreaks havoc on the jobs numbers. The number bounces around quite a bit. It is a throw away report in a lot of respects. We have to look at the less volatile fourweek moving average and wait until we get deeper into january to focus on the data. Thank you so much. Coming up oils winners and losers. What happens if the price keeps falling . You can call these guys real visionaries. We will talk to the founders of the online eyeglass retailers. Oil is extending its biggest gain in two weeks. Oil is extending its biggest gain in two weeks. Many are predicting that prices could fall even more. The former president of Shell Oil Company is with us. Also with us is isaac are in store arnsdorff. John, i want to start with you. You say this whole thing is way overblown. How can a 1 excess and inventory mean a 50 decline in oil prices . How did we get here . We get here because traders do a good job of finding buyers for inexpensive molecules and there are still sellers. I would not be surprised to see this bottoming out in this timeframe and starting to go up late in the spring. Are you saying this is a traders game . What about slowing demand around the world . That is what has created the equilibrium. We have slowing demand in china. Russia is in real trouble. Europe is in recession. Other parts of the world are not growing demand. That has created the short term over surplus of oil. It is only about 1 per day. The shrinkage of storage in the u. S. As a couple of hours worth of u. S. Consumption. The volumes are huge here. 1 over means that we are getting demand around 90 Million Barrels per day. We need expanded production to keep up with the declines and it does not take much to wipe out this anomaly. This may seem very unrealistic, what is going on. This is going to have big, real world consequences for Oil Companies. Absolutely. Most people are not anticipating a rebound. I think a lot of people are calling it an anomaly because it is a kind of price change that does not happen very often. It is a new era. For a lot of the countries that have enjoyed the benefit of extraordinarily High Oil Prices in the past several years, they are facing budget shortfalls. Specifically who. Saudi arabia and russia are specifically affected russia is facing a recession and already has sanctions and currency spiraling out of console control. But the companies in the united states. Who could get really hit . Some of these Oil Companies are heavily indebted. They may not recover even if oil recovers. The special wrath is being reserved for the companies that are most in debt. If you look at the debt, how leverett have they become . Debt was cheap and prices were high and there was a lot of enthusiasm. Now that the bottom is going out, there are a lot of questions about the ability to repay the debt. These are some of the ones we have spotted her most volatile. They will be concerned about their debt and their acreage. Why do you think it is naive of congress to bring that keystone is an issue . They know the White House Position and this is a bit of political fiction where the republicans are going to pretend to get something done in the white house is going to adamantly oppose what they are going to try to do and so does the same old game being played in a little different tactic. The reality is that you have the nebraska lawsuit, the white house is going to stick with its position on the review by the state department. Ultimately, i think we need this pipeline, but i dont think obama wants his name on it. He does not want to make a decision on the pipeline and he can stretch it out until he is out of office. He could have signed it into law a long time ago, but why dont you why do you think the country needs keystone . For this generation, next generation, and the following generation. We need to develop the canadian oilsands. Infrastructure is a could dam or a water plant or any kind of treatment system. You need it and it needs to last for years and years. As time goes by and we see the continuous heavy decline in the oil shale we are going to need a steady supply of continuing imported oil from wherever it comes from and why not imported from canada, are close neighbor . Thank you so much. State and. Stay tuned. You are watching in the loop live on bloomberg television. Good morning. Im betty liu. Our top story this hour, a shooting in a suburb south of paris killed an unarmed policewoman and injured a Traffic Accident. This comes one day after the shooting at the headquarters of Charlie Hebdo. Two gunmen are at large. One alleged assailant, an 18yearold, surrendered to police in paris. Joining us at the site of the second shooting is caroline connan. Describe what exactly is happening at this moment. The incident here and a suburb of paris initially there was a traffic incidents. Some local Police Officers came to the scene in one of the drivers involved in the Traffic Accident came out of the car and started shooting at the policewoman and a city worker securing the roads around the Traffic Accident. This gunmen is still on the loose. Earlier, there was a special response team, 20 verily heavily armed policeman. They went into a house but did not find anything and came out an hour later. The gunman who shot the policewoman still has not been found. I want to make clear that officials have not directly linked this shooting of the policewoman to the shooting and the rampage yesterday, correct . That is exactly correct. This is what we need to emphasize. The First Official on the scene here yesterday this morning was the interior minister and when he spoke to the press earlier today, he called for people in the media to be responsible and measured in the face of the new shooting because , at the moment, there is no connection between this incident in the south of paris and the shootings happening at Charlie Hebdo yesterday. No details have been given yet on the identity of the shooter. We had a suspect who was a 52yearold man wearing a bulletproof vest, but this suspect is still being questioned but he was not the shooter of the policewoman this morning. We cannot jump to conclusions at the moment and provide any connection between the two events. Thank you so much. Caroline connan reporting live in southern paris from the second site. Back on the markets. Bloomberg televisions on the markets. Equity futures are building on the rally. S p futures are up about 0. 8 . It is a big week for the markets. We just had the fed minutes released. We will get jobless claims in a few moments. We will see if we are seeing any wage pressure. We are on the markets again in 30 minutes. Speaking about jobs, it is the u. S. s final monthly jobs report of 2014. Estimates are pointing to another strong month of hiring for december. The consensus is for 240,000 jobs created in december. I want to bring in eric green. Your forecast is for 215,000 jobs. You are a little below consensus and i want to find out why. If you look at the adp number, it was a good number. What we do know is that there is a tendency for adp to overestimate private payroll in the last months of the year. I think consensus has drifted up a little too high given the fact that there is probably hangover from the strength of the markets before. If you look at it on an unadjusted jobless basis, it will struggle for us to git above 215,000. But any of those numbers are very good numbers. It caps off the best job growth in years. It does. The numbers are breaking. 294,000 claims. The weekly jobless claims fell by 4000. That is slightly better than economists surveyed. This is shades of grey. This is bang in line with expectations. This is the last piece of data before we get the payrolls report tomorrow, expected to show a gain of 240,000 jobs for the month of december and we will see the official unemployment rate. You take a number like this and you go what . So what . [laughter] the way i look at the claims numbers you are seeing frictional firing. It is the sign of a healthy economy. The margin of error is plus or 100,000. You really have to look at the broader trends. We should look at Wage Inflation for clues. That is exactly where i wanted to go. We saw pressures that seem to be building up in the prior month. Is that going to last . I dont know. I will say that in this recovery, the pattern has been a strong one followed by a very weak one. Absolutely no traction at all in Earnings Growth. You have to look at consensus as a positive outcome. Minimum wage increases should bring upward moves. What it does do is reinforce anecdotal information and hard information about wages eci benefits that those are moving significantly higher. Is there a possibility the fed could raise Interest Rates even if we dont see a huge uptick in wage pressure . Very good question. It is possible, but it is unlikely. It is all systems go provided the data comes in as expected. Expect Wage Inflation to be moving higher with the type of job growth we are seeing. I think they have to get to 2. 5 or higher with the confidence they are moving in the right direction. Thank you so much for joining us. Tune in tomorrow for our full job stay coverage. We have a great lamp of guests. We will be back. Would were just talking about the oil markets and where oil prices will go. The Keystone Pipeline. The house votes on it tomorrow. Thats its up a vote in the senate tomorrow. The white house is expected to veto it. I can confirm for you that if this bill passes the congress, the president will not sign it. Joining us now to talk about this battle is josh green, who are wrote a piece on this. Why do you say that keystone is divorced from reality . This has become a huge symbolic issue over the years it has been debated by congress and it has risen to a level of political importance that does not represent keystones diminished importance to the economy and the environment. Conservatives, their entire job is based on building the Keystone Pipeline. The Keystone Pipeline would open up about 35 permanent jobs. That is what you get from opening a dennys restaurant. Stopping the Keystone Pipeline is not necessarily keeping that oil in the ground. It is going one way or another. You noted that the white house said they were not going to sign it. I do think the president is going to veto this bill. But that does not close the possibility that republicans could come back and say, we are going to include Infrastructure Spending or Something Else the democrats would like then you sweeten the offer and maybe there is more of a possibility that obama would say i dont love the Keystone Pipeline but im willing to greenlighted if i also get the priorities im fighting for. That is the kind of bipartisanship you would need to get it approved. What do you think is going to happen if the house and Senate Approved the bill . I think the president will veto it and the republicans will howl about hurting the economy. They have taken control of congress, they have the agenda. The house has voted 10 times for keystone. I think it probably will Pass Congress which it has not before because they control the senate. If they want to get it built, they are going to have to do something to bring the democrats along. I does not look like the republicans are going to be able to get a veto approved majority in the senate. I dont think they will get the vetoproof majority. Thank you so much. Coming up, it is one brand i cannot get enoug