Jobs day in america. To new york city, first word news with vonnie quinn. Vonnie the Coalition FightingIslamic State is getting a new member. Germanys parliament approved a plan to send planes and 1200 troops into syria. Will conduct reconnaissance, and soldiers will be used only in support bowls. It is in support roles. Officials in a juice say a fire bombing that killed 16 people today was not terrorism. Police are looking for two young cocktailsssed molotov into a nightclub. Investigators think the suspect attacked because they were not allowed to enter the club. But i never let it get me down i know someday it will all turn around thousands last night morning the california shooting victims in San Bernardino. Leaders from several states conducted a prayer and several a prayer and candlelight vigil. About 200 muslims prayed for those killed and wounded. Leaders said it is too soon to determine whether the killers were led by their faith. In washington, the senate rejected a bill calling for background checks on those buying guns and weapons online. Get more on these and other breaking stories 24 hours a day at the new bloomberg. Com. I am vonnie quinn. Back to paris and tom keene. Tom thank you so much. Here in paris, we are looking at much on Climate Change, but of course we need to look at the data and shift the data from what we have seen yesterday, across equities, bonds, currencies, commodities. Equities lower, and we saw the euro spike. Is the secondary tears eurosterling and things like that where you really see the nuance. Francine european stocks extending losses on the mario draghi disappointment, and the dollar payrolls movement. I wonder whether one day we will look at carbon boards or green energy boards. Tom i think we will look at. Ome form of carbon option francine and we need to find an agreement in paris and we are joined by jeanpaul agon. You are one of the people who is spearheading the movement. At the time, i remember in may you told me, i care about availability. How do your consumers react when somebody says we care about green . , butpaul the challenge also the commitment, is to make sure that every product we are going to make will be green, but anys not going to be greenwashing. It would be all green. It would change everything we do in order to reduce our carbon emissions, and the consumers will not have to pay anything more expensive for them. It will be standard. Tom in the United States, you have the idea of extension waiting i would to just in Climate Change, there is a female mandate. What can women specifically do to jumpstart a dialogue . Jeanpaul it is a great idea. We, as you know, our products women, andbought by tom can we stop the interview the act or am modestly aware of this. John paul if you would like to try a few products, we can do something for you. [laughter] you are right. I think that women are very committed to the availability. They realize that we have to change the way we produce, the way we do everything. That is why loreal is very committed in that direction. Francine is it difficult . You have lackluster growth in europe. You are having a tough time in emerging markets like brazil. Is it tougher to go through a green shift when the numbers say you are going through a tough time . First, we are not going through as tough a time as you said because we are growing our business everywhere, in every region. As easy as it was maybe a few years ago when some theets but still, company is really getting into you places, and as i said, can really do both. You can gain market share, increase your profit, and do what it takes i am talking our industry. In our industry, it does not cost that much. Tom one thing that is so ago ault, years supermodel, with her work in ethiopia tell us about the loreal experience globally and the rate of change of this discussion of Climate Change between the u. S. And a place like jeanpaul for us, the progress we are making, we do it everywhere. We have very high standards in terms of environment, in terms of carbon emissions, in terms of carbonneutral plants or factories or warehouses. This is something we do everywhere. For example, we just recently that loreal in china is carbon neutral. The only plan tom how did you do that . Beijing last week was not carbonneutral. Jeanpaul i know, but it is easier for one company like us to do it, rather than a huge city like beijing. But it shows that the chinese are very motivated, and this is very significant. Agon, thankanpaul you very much. Tom coming up from cop21 in paris, a ceo will join us. In theorget jobs day United States. Stay with us. From paris and from new york this morning, bloomberg surveillance. Francine welcome back. This is bloomberg surveillance. I am Francine Lacqua with tom keene. We are talking about whether we will get an agreement. We are joined by the ceo of bg group, helge lund. You have been one of the biggest advocates for carbon pricing. Are we going to get it . Helge i do not think we are going to meet the global price anytime soon, but there are many local and regional schemes that are being implemented. Our hope is that the schemes will eventually be combined into a global price because it will give everyone an incentive to implement energyefficient proposals. Francine why is it taking so much time . Helge it is political issues, political issues that need to be solved in different situations. I think it is a political process that needs to take time. Tom you worked for mckenzie years ago. The politicians can come in, but at the end of the day, it is about the science. Whatyou within the have you within the oil and gas industry learned about the new science of Climate Change that the industry can adaptive . Helge it is something that all of us have to i can only talk for my own company and from that perspective. We accepted that this is one of the most important issues that we need to deal with. I think there is a new energy reality. The Gas Companies need to produce more energy, but at the same time we need to reduce emissions. I think we have some shortterm opportunities. Instance, see more gas in it is an immediate opportunity. It is possible, and i think gas is a perfect partner because it is flexible. Francine this can only be known with new technology, right . It needs to be more energy efficient. Absolutely. To my surprise, Energy Efficiency i think gets too little attention. Bit boring topic. Tom we like boring topics. Energybut to connect efficiency and Global Carbon pricing i think if you have a price, every citizen, every company, every government would face the same incentive to improve their image and. I am sure you are more aware of the price of oil. Getting telephone calls from sovereign world funds to move money back into the funds as the price of oil goes down how will norway adapt to the oil price within their Sovereign Wealth Fund and within the industry . I think it is important to think about the fact that the 2 nori aoki, in scenario francine to tom potts point, i s point, i tom guess we are moving toward consumer energy. How will big businesses survive . Helge i think customers expect and what is to engage in issues of this idea, and i think Climate Change is one such issue. Sense that this issue has moved on phenomenally since that time, and it is not anymore business. Issue for it is a real issue that all of us have to face, also our industry. Francine but it is so much more difficult in your industry. Helge it is. But there are some solutions and and i think it is important to look at gas as a phenomenal opportunity in the mediumterm, and we can implement also and quickly reduce emissions. There is great skepticism across america about how gas fold into our hydrocarbon matrix. Helge in my view, gas is a very important part in the shortterm, but i think it is also part of a longterm solution because it goes along with renewables. I think you see it now, and you see in some cities that have replaced coal with gas. Tom there is an immediate effect, isnt there . An overnight effect . Helge it is an overnight effect, very quickly. Francine when are we going to get approval from china . We expect to be closing out a deal in early 2016. Francine so is it the first half of 2016, that you are in contact with regulators . Of course, there is regular contact all the time, and we expect the deal to close in early 2016. Francine there is so much speculation as to whether you will see this deal finished. Are you expecting to stay . Helge i will make sure that the deal is moving in early 2016. Tom thank you. Coming up, the mayor of Rio De Janeiro will join us to continue our discussion on Climate Change. And it is jobs day in america. Michael mckee and vonnie quinn with perspective. Stay with us. Bloomberg surveillance. Tom good morning, everyone. From paris, tom keene and Francine Lacqua at the cop21 meeting. Right now, a discussion on an important morning mustread about the modest events of economics today. Here is the immodest michael mckee. Michael modestly, thank you, tom. It is jobs day. Officials are saying we can move if we get a reasonable number. It does not have to be a big number because the labor market has made so much progress through jim vogel agrees, but there is one area lower growth. Unfortunately, the Global Economy continues to generate negative surprises. In other words, we are still a little bit fragile here, and if the number is not good enough, then markets could react as it did with the ecb. That is not what the fed wants to see. Vonnie this brings up the important question. Is the market looking at the thes numbers through Federal Reserve solely, or is it interested in Economic Growth and how the economy is doing . Michael at the moment, slow solely through the lens of the fed. Once we get through that, especially if the fed statement suggests they are on hold for a while and that they will be low and slow, markets might then start looking at the fundamentals. The fundamentals in the labor market have been pretty good. We shall see if there are any negative surprises. Talks about agel trip wire. That is what he calls the november jobs report. What about revisions . With that scare the market at all . Michael only if the market goes down. If it were revised down significantly, people would be scared about labor market momentum. October athe month of reasonably calm month, but then with the paris attacks and things like that, do these things weigh on corporate hiring . Consensus is 200,000 job growth. That would be a little bit of a cushion in a normal economy. Risksgel says one of the is that the market might think the fed will hike faster if we get a better number than that today praise how likely is that . Michael that is an interesting question because nobody expected 271,000 last month. The forecast consensus is 270,000 this month. If it were over that, you could get that christ in. People are more worried about a you could get that priced in. People are more worried about a lower number. Vonnie what about wage growth . That is one thing that the fed was lay reader that the fed was laser focused on. If we get stagnant wages this month, will that make any difference . Michael it depends on how stagnant. After. 4 last month, that would be enough. Tess wiseman of Morgan Stanley points out that we have seen a point for game a couple of a. 4 gaine have seen for a couple of months. Vonnie this brings up the question about how much markets are depended on central bank because you have mario draghi yesterday, and it was i by super mario was by by super we really call it a disappointment . Michael talking with jeanclaude trish a yesterday,. E made that point exactly we have heard that today from the Vice President of the ecb. He says the markets got it wrong yesterday. They are still getting it wrong this morning, and it is their fault rather than the ecbs. They are not accepting any responsibility for communications failures. I do not think that is going to go over very well around the world. Vonnie the European Central bank and previous centralbank this week mario draghi will be speaking in new york today at 11 45 at the Economic Club of new york. Try to clarify anything, or will he leave well enough alone for the market to settle on its own . Michael a very interesting question. Let cussed and Seo Ben Bernanke a number of years ago, shortly after he became the fed chairman, went to jackson hole, give a speech, and suggested the fed might be powerless to do something in this situation and the markets reacted negatively. Another speech suggesting that you got it wrong. Here is what i really meant. Janet yellen, after the september press conference, went to amherst and suggested we did not communicate this correctly. Mario draghi is in the same situation now, because as much as they want to blame the market, they have to play to the markets. The markets will determine what goes on in terms of transmitting monetary policy, so does he make a change . That is the interesting question today. Vonnie transparency and former guidance, two things the fed has to navigate. Mario draghisou speech at 11 45. Tom it is a city hall that goes back to the 14th century, burned out at least once, maybe twice, maybe three times, and then rebuilt into a 19thcentury jewel. Francine it is very minimalist, isnt that . Tom it looks like a surveillance greenroom, honestly. Right by the river send, notre dame the river seine at notre dame. Welcome to paris. Francine lacqua, tom keene, here at the cop21 meetings, right now with an important jobs day ahead. Here is vonnie quinn. Vonnie i have to say it sounds so much more welcoming. Another nation is joining the fight against Islamic State. Germanys parliament approved a plan to send surveillance planes and 1200 troops into syria. The troops would be used only in support roles, but it is the riskiest use yet of the military by angela merkel. Opened combat roles to women. Congress has 30 days to review the policy. One day after 14 people died in the San Bernardino massacre, the callingejected a bill for background checks on those buying weapons online and that gun shows. Were bought weapons legally and more than three years ago. A football miracle. Aron rodgers threw a 61 yard touchdown pass to Richard Rogers with no time left. Ave cleveland a 2127 3127 win in detroit. Thursday night football. We were all asleep waiting for the jobs report today. You can get these and other breaking stories 24 hours a day at the new bloomberg. Com. Back to paris and tom. Tom vonnie quinn, thank you so much. Without question, are most important interview of the day, not only on Climate Change but the challenge is to Rio De Janeiro. The right now, a most challenging moment for his brazil. , wonderful to see you this morning. Are you distracted by brazil or totally focused on Climate Change . Eduardo when you are a mayor, youre never distracted. Think this meeting is a great opportunity to get together. 400 mayors from different institutions, and talking about this important issue of Climate Change. At this time in a city like paris, with what happened three weeks ago, i think it is good to be back in this amazing city to talk about the future. It shows that terrorist attacks will never stop us from making a better world. Francine there was something that struck me. When we look at the figures this morning, 70 of emissions come from cities. What can we learn from each other . How much information sharing is there among mayors . Eduardo that is the beauty of this. Obviously, there are Different Levels of civilization, of development. Rio is more similar to mexico city than it is with paris. But there are Great Solutions that will work for real for rio. There are Great Solutions in paris that will work for new york. Networks, we think about transportation, a bunch of solutions. This . Ne how difficult is your country is going through a very tough time. Inflation is up, employment is down, and you are going through a recession. Sustainable, Friendly Solutions how do they work in that kind of environment . Eduardo when we talk about National Governments, the problems at National Government face all these problems. But the solutions that mayors can find, especially with actions like Climate Change, it is amazing. Even without the proper funds, the money that is being spent come back in Climate Change in committee. So, i mean, even with all the problems that we face, rio is still moving forward. Tom lets think about the unique Economic Growth, with the with the proposals of mrs. Recess. Growth that assists rio. Forrdo there is no reason it is obviously an instrument of our constitution. But there is a crime of responsibility. All of us governors, governments, she is a very honest person, and she is doing fantastic things in the country. Brazillitical fight in i think cooperation is fine. It is institutional, and i think this is just political turmoil. Mayor, the solution as a currency adjustment . You look at argentina and the challenges there. Currencythe proper adjustment so you can affect your budget and even worry about i mean,change . Eduardo this is i think the currency a little bit higher as what it is is better for the country. It would make us more competitive. The dollar was too low in brazil for a long time. Too Many Brazilians going to miami a