12 people confirmed murdered. I want to get everyone the latest from france. Here is what we know at 1 00 p. M. New york time. 7 00 p. M. In paris. 12 people now dead including two police officers, one was executed in the street after being wounded. The attackers apparently used ak47 assault rifles and a rocket launcher. At this point the three suspects are not in custody. They remain on the loose. The magazine had been threatened before after publishing cartoons of the prophet mohammed. Two years ago an editor and cartoonist who was murdered today spoke out against the threats. Translator cant make a caricature of mohammed in france . Of course we can. Mohammed is sacred for the muslims and i understand that. I am atheist. Mohammed is not sacred to me. I dont blame muslims for not laughing at our drawings. They shouldnt tell me under which law i should live. I live under french law. That editor among the dead at this hour. Police still hunting for three apparent suspects. This all happened just a few miles west of the eiffel tower. There you see where the shooting took place at the satirical magazine. Our Michelle Carusocabrera has more. The gunman shouted allah is great when they stormed the offices before escaping in a car. It was frances deadliest post war terrorist attack. The attackers could be seen as heavily edited amateur video. According to french prosecutor Security Forces are hunting for the three gun men. According to one witness they spoke flawless unaccented french as they did their militarystyle attack and as they left they shouted we avenge the prophet mohammed. Candle light vigils across france. The president of france. We have heard from leaders all over the world including president obama. Today, tomorrow in paris, across the world, freedom of expression that this magazine the freedom of expression that it represented is not able to be killed. As we learn more about the progress of the manhunt we will bring it to you. Back to you. Absolutely. Thank you very much. We will continue to follow that stilldeveloping story. For now lets check the markets. The stock market recovering some of the lost ground. The Dow Jones Industrial is up almost 200 points. The transports are up. Home depot is up today by a considerable percentage move almost 3 now and bio genis the leader at the nasdaq up almost 4 on the trading session. Bertha coombs is at the nasdaq covering that story and more. Bob pisani joins me on the floor of the nyse. A bit of a recovery but a lot of volatility. That dreadful attack aside two of the three of the macroissues are better today. Oil has been stable on the upside throughout the day. That is probably most important thing. Bond yields to the upside. Dollar strength up. Lets talk about specific sectors. Department stores are having a great day. J. C. Penney came out with terrific holiday sales reports, up 3. 7 . This is one of the most shortened stocks on the streets. Other stores dillards, macys having nice gains. We will hear from other retailers tomorrow about holiday sales. Lets take a look at Home Builders, fha, government issuer of home loans lowered the annual insurance premiums. That is good news for firsttime home buyers particularly. You see what that is doing to the Home Building group and companies on the higher end doing better today. Commodity stocks doing good. They have had a terrible few months. Cliffs vale alcoa reporting. The oil stocks are mixed. Big names are genuinely to the upside. We see drillers like diamond offshore. I call energy mixed even though oil is stable. Ill see you again in just a little bit. Uptown to times square. Bertha coombs is standing by at the nasdaq for us. Apple higher today after closing up just by one penny yesterday to break the fivesession losing streak. A number of blogs talking about the apple watch coming out perhaps sooner than expected. It is really a story about bio tech once again. Alkermes with backtoback studies yesterday one on a drug for depression and this for schizophrenia. 7 gain today. Overall bio techs today bouncing back. The sector back in the green today. This continues to be the area where a lot of analysts a lot of investors really expect to see continued growth. We are seeing strength in the consumer names. Keurig Green Mountain leads today. It has a deal with dr. Pepper to provide pods for new soda machines. If you dont innovate and hold on to market share what happens . Soda stream used to be the king here. That stock down 60 over the last year. Keurig Green Mountain moving into that territory. Lets go back up to our headquarters and dominic chu who has a market flash. We are watching shares of Dicks Sporting Goods because the stock is spiking on a reuters report that it may be Holding Early stage talks about going private. Sources say there is no formal sales process in place and that the company could decide to go in a completely other direction. Those shares up still by 10 on the session. Thank you very much. Europe flirting with deflation territory now. The market is largely up today as investors think stimulus is on the way. They finished higher in london and paris. Seema mody is live for us in london. Thats right. Eurozone inflation turning negative in december, the First Time Since the death of the financial crisis in 2009. The big concern is europe entering this japanese style deflationary trap. Bad news for the economy may be good news for european stocks as it is for the ecb president to unveil quantitative easing which does include bond buying sooner rather than later. Still a lot of questions on whether quantitative easing is the answer and if it will stimulate the economy especially if Oil Prices Move lower that could weigh on inflation. Goldmans ceo on squawk box this morning talked oil, the fed, the outlook for the u. S. Markets. Mary thompson was glued to the set. We were talking off camera. He could do standup. He is that funny. He is quite charming. His answers are very thoughtful. It is always a good interview to listen to or watch. During his time on squawk box he brushed off concerns of early selloff we saw on wall street seeing long term outlook for markets especially here in the u. S. Looks good. It is baked in to say you should moderate your Higher Expectations and we could very well have an off year. Looking at the Bigger Picture we still are in a situation where the macrocontext has United States in particular at above trend growth and essentially zero interest rates. Well known for worrying about what ifs. Saying 49 decline in oil appears to be oversupply issue. The reaction suggests demand could be the problem signaling something worse on the horizon, deflation. I would keep firing because sustaining it is a lot more sure than losing it. Got a little bit ahead of ourselves. He is talking about what the Federal Reserve should do. With oil he said he doesnt think deflation is the case Going Forward but does think the Federal Reserve should be on the watch for deflation and therefore maintain a more accommodative stance. One thing that he spoke about, of course, is on the increase in Capital Requirements that you are seeing on banks and he was asked whether or not that means banks break up. He said it raises the question at the big banks are the synergies that you get worth the higher price of that capital . It was interesting. He was talking about these banks got put together under a different regularatory code and so the argument for that size and synergy has changed a little bit. Because of the price of that adding capital that you have to pay. Thanks. Good to see you. Sue, down to you. First on cnbc joining me is karla harris vice chair of Global Wealth for morgan stanley. She is out with a new book called strategize to win. It is so good to see you again. Good to see you again, as well. Congratulations on the book. Let me turn you to the markets. You have seen a lot of market cycles like i have seen a lot of market cycles. We are starting out with volatility this year. What is your read on kind of a recovery day today . You know, sue, im a perennial bull so im constructive on these markets. Im not surprised to see the action in the market today. The market means two things uncertainty and surprise. I think the move has been a surprise to a lot of people. There was a bit of overreaction and concern about greece. Now cooler heads prevail. Im not surprised at all because the technicals are still in place for a good market environment. You have record low interest rates, a lot of cash on the sidelines and you still have Company Performance so far as you have seen Fourth Quarter performance starting to come out. The data is good. Do you worry about europe . There is so much focus on europe. I talk to other people who manage large amounts of money like you do and they see opportunity. If you have kind of the stomach for it. Because europe has been so beaten down. If you have the stomach for it. I think enormous opportunity in europe but a lot of uncertainty. Therefore we are likely to see down pressure continue. I think that if you know your spots that you should be productive constructive and pick those spots and be opportunistic about it. I think jumping in at this point is probably a little bit of a risky thing to do. Maybe for the average retail investor. You also maintain you have to have a plan stick to the plan. This is the time to meet with your Financial Adviser and really strategize to try to take advantage of perhaps this inequity that is in the market right now. No question. It is this kind of environment where a Financial Adviser is particularly important where there is clear opportunity in the u. S. Where there are spaces around the world Financial Adviser could be very helpful to help you pick the spots and the timing. Or to strategize to win. Absolutely. Briefly tell me about the book. How do you maximize your success in any market environment. It was motivated by looking at the professionals that were having a hard time struggling in this job environment. So this book helps you to figure out what do i want to do how do i position myself and tell and sell my story. Once you debt the job it is about understanding things like the difference between performance currency and relationship currency understanding how to read the signals. This is the first time we have had four different generations working together and they all speak differently. So how do you read those signals and read them successfully . It is also about understanding how to position yourself. Where you start has a lot to do with where you end up. Thank you very much. We are just Getting Started on this very busy wednesday here on power lunch. Fed stocks and steel. Dominic chu and Morgan Brennan covering both. We are about 45 minutes away from 2 00 p. M. Eastern time when the fed releases minutes. What types of stocks do well on those days . We have big layoffs again in the Steel Industry. What is this going to mean for the stocks . We will have more on that when power lunch returns in two minutes. J. C. Penney shares are soaring after the retailer reported nearly 4 rise over the Holiday Season and revised sales projections for the Current Quarter to the upper end of prior estimates. It is up almost 21 . American express upgraded to buy from neutral due to multiple benefits of improved outlook. Eli lillys 2015 guidance below current forecasts although the Pharmaceutical Company believes the challenging period of patent explorations is winding down for it. We have seen orare starting to see big layoffs in the steel sector. What does this all mean for the future of the steel business and future of the stocks . I have been looking into this. United States Steel Corp laying off roughly 750 workers and as you mentioned this is a direct result of oils dramatic plunge. So supplying tubes and pipes to oil and gas drillers makes up about 10 of overall domestic steel each year. Up until this point socalled Oil Country Tubular goods have been a bright spot for the hard hit Steel Industry hitting a record last year. With oil at multi year lows we have Capital Spending expected to be cut by 15 to 20 this year. That is going to mean less steel. Key bank analyst expects u. S. Steel consumption to increase just 2 this year versus 5 in 2014. That slow down in growth all oil related. Add in the strong dollar make it imported steel cheaper despite the tariffs last summer and oversupply that will get worse as more previously planned projects come online. It is not looking good for steel. U. S. Steel is one of the most exposed to the energy sector. A little more insulated but has other issues like high operating costs. Analysts are a little werry of that stock, as well. Steel isnt alone. We have seen other Industrial Companies starting to feel the ripple effects of collapsing oil prices. We had ge saying it expects oil to fall this year. Jp morgan downgrading caterpillar on concerns. We saw that stock fall 6 on monday alone. Tubular goods. Thats where it is falling off. Totally tubeular. The latest fed minutes are due at the top of the hour. Dominic chu is looking at stocks that move the most on days like today. One of the stories on our pro platform takes a look at what happens to stocks specifically on fed minutes days like today. At least under the current fed chairman Janet Yellens time at the helm. Energy stocks have had a good run according to kencho. The average gain there a very decent 0. 6 . Consumer discretionary stocks farewell. That is xly. It has been positive five of the last six times. If you look at the overall stock market go back to early 2001 there have been 114 fed minute releases and the average gain for the stock market the s p 500 has been 0. 8 . It has only been positive a little less than half the time. For more on the story and all the other numbers go to cnbc. Com pro for a free preview of the platform. All you need is a valid email address. It is an interesting nugget of information especially if you are a real market nerd out there. Ahead, leading the workforce that is no longer on your side. It is a dilemma that new york city mayor bill deblasio faces right now. What can and what should he do next from a management standpoint . We will talk about that and more after this. S . No. Not exactly. To attain success, one must project success. Thats why we use fedex one rate®. Their flat rate shipping. Exactly. It makes us look topnotch but we know its affordable. garage door opening sighs honey, havent i asked you to please use the. We dont have a reception entrance. Ship a pak via Fedex Express saver® for as low as 7. 50. Time for the power pitch where one entrepreneur gets 60 seconds to persuade a panel of experts that his startup has what it takes to be the next big thing. Im ben harris co founder and inventoro go glove. When i was wearing a glove i found it impossible to control my music with my phone in my pocket. We invented go glove to allow you to seamlessly interact with your mobile device while enjoying your sports. Imagine being able to control your music from your pocket wirelessly. With a magnet in the thumb and censors in the fingers blue tooth connects to your phone. You can wear an outer glove on top for the coldest days. When it is warm take the module out of the pocket and use it as its own stand alone remote. Our vision is to enable technology to simplify your life without you knowing it is there. Life is a sound track. Enjoy yours. You saw bens pitch but let me introduce you to the panel. On set with us is nihal mehta. With investments in air bnb and soundcloud. Nihal is a serial entrepreneur. Joining us from the bay area is michael roberts. He is an avid cyclist, skier and runner. Joining us from Portland Matt compton. He serves on the board of directors at rei and also climbs bikes and skis. Great to see you. Ben, you are in the hot seat. What other use cases do you see for the glove besides music and skiing and running . We think the core business is truly active sports with people listening to music. The platform can go so much beyond that with Blue Tooth Technology that we are using we are able to expand into a lot of different uses like geo tracking or emergency calls, really anything your phone can do you can control with your glove. Michael, have you got a question . You pitch the go glove to listen to music. When im out skiing i see people doing with their phones is making phone calls and sending texts so they can reach people on the mountain and meet them at the bottom of a chair lift or pick a spot for lunch. Why is that not at the forefront of your pitch . Absolutely. When they are taking the phones out they are dropping them. That is the other thing we are trying to solve. The core Business Today is being able to control music. We think there is a huge following there. At the same time we are able to take the technology and ad software, firm ware updates. Give us a sense of how far along you are in the manufacturing process. Where do you produce parts . How many units can you produce with parts on hand today . We are in the stage of post kick starter where we are trying to finalize the manufacturing stream. We probably are at the point where we could build about 1,000 units today. Our first delivery is in june. Michael, another question from you . I see your intended starting price is 129. For the weight of glove you are talking about if i was to buy gloves like this without the functionality is probably 25 to 30. I can buy