U. S. Markets falling hard right now after several days of very nice gains. Right now the dow as you see down about 1 at 17,731. The s p 500 close behind it at 2043 in terms of percentage declines. The russell off three quarters of 1 and nasdaq off three quarters of a percent. Lets check in with michelle carusocabrera. Thank you. Three hostage takers dead in two separate sites in france. The two brothers were killed by police at a printing plant east of paris after they came out shooting. The one hostage there released unharmed. Less clear the situation at a kosher supermarket in paris where hostages were being held. One gunman is dead after a simultaneous police raid. The police raid at the supermarket began with several explosions. The still photos were showing sue of those explosion. Multiple news sources report four hostages were killed. Several hostages and Police Officers were injured. Police are still looking for the woman seen here in this picture in connection to the killing of a French Police officer yesterday. Her location is still unknown and french authorities issued a be on the look out warning. To the left you see the two brothers who were in the shooting northeast of paris, in the print shop. To the right is the gentleman who was in the supermarket. He is dead. The three men on the screen are dead. The woman is still being sought. President Francois Hollande expected to address the french nation before 2 00 p. M. Eastern time. So any time now. President obama is also expected to make comments later this hour. Well bring you the latest developments on story when we get them. Back to you. Lets bring in a former senior fbi s. W. A. T. Team member for more than a decade. Welcome. Good to have you with us. I want to begin with a question as we think about the mindset of a s. W. A. T. Team member of those individuals both outside of paris and inside of paris. When you go into that situation, kevin. Do you go in thinking youre going to try and bringous the hostage takers alive or go in thinking youre going to kill them . I think it can be either and its completely situational. So i think one of the biggest keys for the command structure is to make sure that the emergency Assault Force knows second by second what the situation is before they are told to go in or if they end up responding depending on how close they are. You had two parallel situations going on apparently obviously, i would say coordinated. Why do you think kevin, that they moved when they did . Well i think they could have been worried that the two groups were working together or they had some intel that that was the case. So you know, the simultaneousness could have been because of that. But i would be speculating. Sue . Kevin, to tylers first question, i would think you would want to try and take the hostage takers alive so that you could then interrogate them and learn more about whether or not these were lone wolves or working with a larger cell. Oh, absolutely and i think most civilized Law Enforcement thats the goal. But, you know those guys kevin, hold that thought for one minute because we have breaking news out of washington. John harwood . Reporter the Keystone Pipeline is passing the house of representatives. They are concluding the vote now. This is going to then go to the senate. Senate is also likely to pass it. Can they have the votes, republicans, to override a president ial veto and the forensic evidence the house is that they dont. We only had in the range of 25 democrats voting for it. They would need more than 40 in order to override the president s veto. So whats likely to happen once this south of the way, once keystone passes both chambers well have negotiations between congress and the white house on what the president might insist upon in return for approving the Keystone Pipeline if hes willing to go that far. Sue . John harwood, thank you very much. Appreciate it. Kevin, continue your thoughts. Sorry for the interruption breaking news. We were talking about whether or not you would be able to then interrogate and find out whether or not these were lone wolves or part of a larger cell. Right. Thats a situation where the operators have to make a split second decision based on what they are seeing and the rules of engagement and of course they want to try to capture these guys but sometimes thats up to the bad guys actually. Kevin, the timing of the assaults by the special forces was right before dusk. Is it comparatively easier to make that action while there is still daylight out there or does the advantage go to the special forces when its darker because they presumably have night vision capabilities . Yeah i would agree with you advantage being to the government after dark and they can manipulate things like the electricity inside the building and other things like that. But we just dont know what precisely was going on inside the situation, and it could have been because of that that they decided to act. Sue . So, kevin, what happens next now . What will the french intelligence agencies be doing now that this part at least of the situation has come to a resolution and, an unfortunate one for the hostage, obviously, but they are still looking for this woman who is at large. Right. While the tactical situation was very static and being worked on as a barricade, the investigation has been probably cranking all along since just the other day. So the investigation then will try to focus in on who else is involved and they will try to move those tactical elements to support the investigation where they need it. The kouachi brothers the reports are, kevin, were obviously heavily armed, wearing apparently Para Military gear body armor perhaps and they the reports are, came out shooting. Do you expect that when youre a part of one of these operations or do you expect that youre going to go in and maybe fire the first shots . Well these guys prepare and they plan and this is the highest level of antiterrorism. They prepare and plan for every contingency. So they also know before they go out that this may not be the typical type of barricade situation they had in their mind what happened in australia recently and so thats the worst case scenario. What goes through your mind kevin, before you go in and both of these situations one where there were clearly multiple individuals in the grocery market, the kosher market in paris, multiple innocents and the other where there was apparently whats going through your mind . Trying to save the hostages. Thats the biggest goal. And so theres all sorts of training that goes around that primary goal and it sounded like they were able to accomplish that, you know, for the most part. What do you do with your own fear . You know these guys have trained so much and theyve compartmentalized things and have done this before. I know that group does an awful lot of assaults. So, you know based on experience and capabilities they sort of segment that and they also have each other right nearby. Whats a tubular assaults. Airplane assaults and could also include bus assaults and or trains. Kevin thank you very much. We appreciate your insight today, taking us inside the minds much those who staged the assault. The market down 163 points lets turn to mary thompson. The velocity of moves weve seen over this week has been very dramatic. Things hold it will be five days in a row where we had a tripledigit move. What happened today markets much lower earlier today. They came off the lows after the european close. Oil prices came off the lows. Right around 1130. Were starting to drift lower. This is what traders are seeing. Wage data out with the jobs reports which showed average Hourly Earnings is a decline, is a concern. Are we heading in to a deflationary environment. They are watching oil. Oil is off its lows of the session. Earlier it was looking sketchy. Some traders saying theres a lack of conviction. Too many questions out there so no one wants to say we believe this will happen. They dont know its happening with the ecb. They dont know when oil will bottom. They dont know when Federal Reserve will raise Interest Rates. This is contributing to a shaky start to the year for nashts. Lets look at the leaders because again i want to focus on Interest Rates. We dont know when Interest Rates will rise. One group that would benefit is the financials fold by energy industrials and Consumer Discretionary because weve seen bad news i should say or disappointing data out of the railers today. Bed, bath and beyond lowering its sails forecast. Others including steve martin lowering its profit forecast and container stores. A lot of questions out there thats leading to this volatility. Mary, well see you in a little bit. Lets bring in chief Investment Officer at pnc management. Gentlemen, welcome. Jim ill go to you. I know everybody expected some volatility in the new year. I dont think they expected all week in the first week of the new year. No. We certainly didnt want to cramp it in this short of a period but weve been lulled to sleep in the last couple of years with low volatility and even on a mean reversion basis i think this year as the fed begins to transition well see more volatility in the market at least that normal range which weve been below at for the last couple of years. Neil do you agree i try and use common sense and logic, sue, when i looked at the first four days of the market it was primarily flat. Of course the market was closer the first three days. Essentially when i looked at it we lost in the fifth day and sixth day 2. 5 came back 3 . Today is another day. At the end of the day the my is in good shape. Companies just got a gift by cutting their cost on fuel. And more importantly, the consumer just got a taxfree gift on the cut of oil prices and their cost of living. So essentially the volatility you cant let that bother your investment decisions. What you have to do is look at the facts and say where are we going from here . Its going to go like this because thats what trade doers. They want a volatile market. Overall the market is in great shape and will flatten out and at the end of the year well be up 8 10 . You mentioned oil prices. I want to you react. Jim, you first if you will to some concerns that were expressed by vanguard the other day about the risk of deflation. And they talk about the fact that falling prices are not necessarily something to celebrate even if it is in the form of Lower Oil Prices. They say once youre in the cycle its very difficult to get out. When you look at what drives inflation most people focus on Commodity Prices but wages are actually far more important. We did see wage weakness in this jobs report. Jim, are you worried about deflation . Im not worried about deflation, sue and certainly deflation be a general decline in asset price. Theres a benefit to crude oil declining in this environment and that will end up in consumers pockets. But certain italy lack of wage growth as weve seen solid job growth is of some concern only that about the prospects for future demand. So you would like to see wage growth growing at a faster pace than weve seen up in that 4 range. So that we can have some confidence that in fact future Economic Growth will be as positive as weve seen in the past 12 18 24 months. Neil a quick comment on deflation. Well my quick comment is very simple. Look at japan and the deflationary cycle theyve been in for the last 15 years and then look at the u. S. I dont think well go into deflation because were different than japan. Japan is a country of savers. We are a country of spenders. The more money thats put in the pockets of the consumer which is oil at 50 reduction is doing, will get spent. Its not going to get saved. Oil isnt going to put us in deflation. Second of all when you look at earnings going down by two cents and making headlines out of it i got taught 36 years ago if you buy the headlines or sell on them at some point in time youll deliver a newspaper. Look at the facts. All right thank you, gentlemen. Were going to get the nasdaq right after a quick break. It has been generally a big down day for stocks equities off their loss a bit. Nasdaq include. The industrials are off three quarters of a percent or 139 points. S p twothirds of a percent lower. Nasdaq and russell about half the twothirds of a percent lower. Also ahead drama at dupont. David faber standing by with an activist against a Major Company founded just after the revolution. Well be right back. So no set up fees wooh yeah so i get help from rollover consultants . Wooh yes no rollover hassle. Great. Woah oh, were spiking things, robbie. For all the confidence you need. Thats better td ameritrade. You got this. The conference call. The ultimate arena for business. Hour after hour of diving deep, touching base, and putting ducks in rows. The only problem with Conference Calls eventually they have to end. Unless you have the comcast business voiceedge mobile app. It lets you switch seamlessly from your desk phone to your mobile with no interruptions. Ive never felt so alive. Get the future of phone and the phones are free. Comcast business. Built for business. In our headlines five below shares are tumbling after the retailer revised its forecast following weaker than expected holiday sales. General Mills Releasing plans to cut 500 jobs by closing plants in indiana and ontario adding to 1400 cuts from last year. And reagaingeneron has been changed to a buy rating. Theres been a lot of debate about the jobs number. Of course if you monitor the headlines it looks pretty good but the market seems to be digging down a bit deeper even numbers that we dont pay off sometimes enough attention to like wholesale, sales and inventories for november the middle of the fourth quarter. Inventories kicked up big. Thats pushes gdp up. The fact that sales werent there has us pulled forwardwith association. Look at the five year chart. Remember for the day fives were down seven for the week down 19. Look at a ten year. A lot different look today, 2. 17 is our benchmark where we began and ended. Pay close attention to that. For today six for ten down 15 for the week. Swiss ten year. Youre not seeing an incorrect number there. 22 basis points current yield on the swiss ten year. Thats historic low. If we look at the last chart, canada didnt have good Employment Data this morning and if you look at dollar versus canada it speaks volumes to that report as the there are is hovering against that weak i cant think of the name looney the looney. Looking at the looney at the lowest levels since april of 2009. Sue, back to you. Thanks so much. Stocks are lower today. Theres a lot of worries over the wage decline in the report and nasdaq could have its fifth consecutive move of 1 or more. Its been that kind of day and kind of week. Were down half a percent now. Bertha coombs is at the nasdaq with more. Reporter the nasdaq like the other indices yesterday got into positive territory for the year now negative for the year but for the week it is relatively the best performer and one of the reasons why is when we look at apple although apple has fallen back today after hitting its 50 day moving average, its given back some gains along with the rest of the market. It is actually up for the week and for the year so that is providing a little bit of strength. Nonetheless were seeing a lot of decliners here being led by the likes of best buy with disappointing guidance there. Also were seeing some stocks though that are bucking the trend. You mentioned regeneron. But also were seeing Green Mountain coffee putting in new highs and winn is one of the winners. Back to you. Drama at dupont fight for kroflt chemical giant heating pup lets take a look at shares of dupont. Youll see them before i will. Doesnt matter. I dont need to know. Down 1. 25. David faber thats latest. This is the activist. A very large activist firm. 2015, well following in the steps of 2014 which was certainly a year where we saw activism at the fore with so many companies. Dupont one of the Largest Companies in quite some time actually facing a proxy fight in this case and normally doesnt go a proxy fight. Their playbook has to go in and convince management or the board give us a seat or two. Oftentimes they have done that. Not the case with dupont despite talk this summer. They are now battling it out in the next few months leading up to the keys annual meeting sometime from now. Trian wants four board seats. And its basically saying we want owen coleman to be held accountable the ceo of dupont for what we believe is performance that could be a lot better. Nominating as i said those four shareholders and going on to talk about things on allocated cost. Weve seen some arguments previously from trian but following through with this decision to mount the proxy fight for four directors. It would not be a majority of course of duponts board but a significant blow to the chemical maker were it to give up all four of those seats. As is often the case it will come down the large shareholders some of the index funds which are influenced by those proxy advisory firms. Really the battle here is for those large institutional shareholders many whom trian has dealt with in the past. Dupont comes out and says what do you want. We met with you 17 times. Were you were to recommendations but our board chose not to do that. Were not going split the company at this point. We acquired Growth Drivers. We acquired cyclical businesses. We bought back a lot of stock. So youll have this battle that will go on. Can be important sometimes for shareholders certainly but interestingly as you noted at the outset the stock is down noupt. There does not seem to be near term a great upside from the idea of splitting the company so, called some of the parts being worth much more. How would he proposes the split it briefly . They want to split it into Growth Drivers and less Growth Drivers but it does involve a lot of different things. Their claim, of course dupont operates as a Holding Company structure. Dupont would claim that not as true at all. And we have gone about divesting certain things that we know no longer fit. As you say this