at the policy measures going on in europe and what is going to go on, and what you look at what is going on in japan, the interest rate differential already exists. there is enormous spread between u.s. positive rates in the negative rate environment in the rest of the world. you look at the strength of the dollar today, it will only get stronger if we raise rates in the united states. that will have a chilling effect on the u.s. economy. the good news is that we are getting back some of that payment in lower oil prices. madame lagarde talked about the unemployment picture. whatever news you want is in the unemployment picture. if you look at the headline unemployment rate, yes we have very good news. if you start peeling back the unemployment rate, you can find some less good news. last month, we had negative wages. if you look at the participation rate we are not pulling people into the u.s. job market. yes, we can have headline unemployment rates go down, that no one is looking for jobs because they think the jobs out there are very low-paying. on the inflation point, there is n

velocity in paris. >> as i look at our coverage this morning and the ramifications within europe and across the united states and indeed around the world, i've got to go back to the idea that one of these men at large has a record that goes back 10 years including three years roughly of incarceration. they knew who these guys were, didn't they? [applause] >> they knew the younger one. in 2005, he was arrested for trying to funnel jihadists from france to iraq. he did time in present and was let out and authorities apparently were monitoring him. he was under surveillance but apparently not close enough. interesting to note that in 2005, the time of his initial arrest, his lawyer described him as a young by drift non-devout muslim who delivered pizza and smoked hashish, not someone who would be interested in waging jihad. something happened between then and now. the questions that authorities are asking is how did these two french born brothers become radicalized? how did they become militarized? you look at the clip of what they accomplished a few meters away from me, a remarkable mi

of middle east, of europe and the americas for standard charters. talking about that business too. the secretary central he cries go structural. i look at asset prices and say where's the incentive. and also david harding. what we have seen from hedge funds has been a real struggle. what does that mean for the situation going forward? i did mention italy of course. let's start there. a historic degree. that's how the italian prime minister described the controversial banking reforms approved by his government. shares in the largest cooperative banks are rallying this morning. which obliges shareholders to become joint stock companies. i spoke to the italian prime minister late last night and i asked him if ial juan banks in the banking sector were seeing a revolution. >> in italy unfortunately we lost the opportunity to realize or former bank system three years ago. when crisis showed a lot of countries crew money. it was enough. >> it was too hard. >> i respect the decision but i believe if the -- in a good system, the first choice is about bank. i florence become an incredible c

supporting it, stronger ruble today. this is how switzerland has the knockout affect from europe with a one point 200 -- 1.2000. this is a log chart. it is the candlestick chart. what is cool are these curves on a log access. this is called a quadratic or a curve. this is something. that is blue at 4:00 a.m. this morning. these abrupt little curves really show how this market -- >> look at the price of the very top. up $.60. >> i am going to say two things. after deducing this chart, you're never again allowed to say jargon alert. i am fascinated by this. we are finding out the true price of oil. that is amazing. every time you say you can't possibly go lower, it does. >> well said. it goes to the price of this rationalization in our financial system with markets recover off a difficult 4:00 a.m. david wu is at bank of america merrill lynch come aged in the last week. as we observe overshooting. i think of it as the pendulum getting to out front. how overshooting are we right now? >> i think in oil, seems like we have definitely gone into -- the problem right now is nobody wants

europe. investigators revealing up to 20 jihadist sleeper cells scattered across the continent. some plotting eminent threats. they have been tied to the paris terror attacks. we are breaking down the developments overnight. good morning. welcome to "early start." a lot to get to. i'm christine romans. >> and i'm john berman live in paris. we want to welcome our viewers in the united states and all around the world. it is 4:00 a.m. in the east. 10:00 a.m. here in paris. breaking overnight. new information of a terror threat spans four countries. western intelligence source tells cnn it involves 20 sleeper cells. police in belgium shattered a cell thursday night in a raid. you see police walking by here. secretary of state john kerry has just come to this location. he is now leaving. we'll talk about that in a bit. a raid in the city of verviers. belgium officials say that was one of several raids. in this raid foiled a major attack. authorities will not say, they do not confirm any link with the raids in belgium and what happened here last week the attacks in paris. the paris attacks

>> hello and welcome to "focus on europe." thanks very much for joining us for our very first program of 2015. 2014 was a tough year with plenty of challenges facing europe, and this year, there's no sign they are going away. on today's program, in serbia, fighting for russia over ukraine. in poland, fighting for a living wage. while in britain, fighting for more re-time -- free time. as tensions grow between europe and russia because of the ukraine conflict, european countries with close relations to moscow are finding their loyalties split, and that is particularly the case with serbia -- traditionally a close ally of russia, but the country is also keen to join the european union. some of those who have fought on russia's side are serbian nationalist. reporters got exclusive access to some to find out why. >> dreaming of a new and more powerful serbia. at 21, he is a bookseller by profession, but like many young serbians, he is out of work. he does many odd jobs to keep his head above water. >> i want a better life and for serbia to be a kingdom, a big country with dignity

europe and business in china and russia. you'll hear from them right here on fox business. plus rich gelfand of imax, the movie that could become the blockbuster of the millennium. and it's day one of our first installment of davos dish with charlie gasparino and anthony sca scaramucci. tracy: stocks heading into the green in the last hour of trading. traders at the new york stock exchange, the cme group and the nymex. john corpina at the nyse, and luke, i want to start with you, we got oil at $47.50. gas up 2%. we are celebrating like it hit 100. are we off to the races again with oil? >> i don't think so. i think these dollar or two dollar moves are the market. it's just the trading range. oil is affected with what the ecb says tomorrow about the package, how big it's going to be, what assets they're going to buy, and if it's something positive, i think opec wants to keep oil low and put a lot of pain on marginal producers. we're stuck in a 45 plus or minus $5 range for a few more months. tracy: luke, with natural gas up a little bit, should i be worried about heating bill this win

reverberate across europe, potential in spain, the podemos party is gaining momentum. >> our european affairs editor from athens. for more on the win by the syriza party, i'm joined by a member of the european parliament and a member of syriza. thank you for joining us. a historic win. did you think the win would be this bake or were you surprised? -- this big or were you surprised question my >> i thought we were going to win but it was a pleasant surprise how big the victory was. >> the syriza party is about to form a coalition with a right wing party that has different views on social issues, notably on immigration. does this mean the economy is the absolute priority for now? >> it is the absolute priority. we're just short of 2 seats from having the absolute majority in parliament. the compromise was necessary to avoid a double election that would be bad for the economy. independent greeks is a party of the right. we do not having ideological affinity. we can compromise on issues of the economy. >> what about the ethical divide? wasn't there resistance from within syriza to join h

a strong role in getting europe to sign up to the very tough sanctions, including oil sanctions in the first place. and i simply make this point. the sanctions have had an affect. if you do an interim deal and discuss with the the iranians any of these things, the sanctions will fall apart and pressure will disa pate. that is shown to not be true. the pressure is still there and as the president said if the iranians say no and there is no deal, we'll sit down and work out what extra sanctions to put in place. we are united in a simple thought which is a deal that takes iran away from a nuclear weapon is better than iran having a nuclear weapon or military action to prevent. it as i do what i can in as one of the countries negotiating i would. >> it is it i think the way the president put it i wouldn't disagree with it. it is it hard to know what the iranian thinking is about this. i am the first british prime freedom in 35 years to meet with an iranian president and it is it hard to know what they are thinking. there is a chlor offer there which is to take iran away from a nuclear

will continue to cover this breaking and evolving story out of europe. wolf? >>> happening now, breaking news. new terror arrests, urgent police operations in countries across europe. dozens of suspected militants taken into custody in germany, the netherlands, belgium, france and the uk. can officials stop the next attack? >>> anatomy of a terrorist cell. we have new insight from former jihadists, and intelligence officer under the threat of so-called sleeper cells, the threat they pose and how and when they will be activated. >>> tracking al qaeda. exclusive cnn reporting from inside yemen, home to the terror organizations most active and most dangerous affiliate. is it orchestrating terror operations in europe and the united states? >>> and courtroom outburst. the parents of the man accused of plotting to attack the u.s. capitol shout to their son as he appears in court. what were their emotional messages? i'm wolf blitzer. you're in "the situation room." >>> we're following breaking news dramatic terror developments in europe where cnn has learned that terrorist cells may b

market showing relief london is up 1.6 part of ways, you have to go backwards on the map, europe opened stronger. you have to go to the asian session. and it goes to the united states session. they opened up for the first time since 2015. they had five sessions where they wiped out 5% of their trading, the worst start since 2008. that moment passed yesterday. that is vertically important. -- critically important. europe is getting a nice list of this morning, all predicated that yesterday's story, in terms of argument of not doing something morethe former policy member just finished his conversation with mark anna, on countdown and set inflation at europe could go to zero, 0%. he would vote for a hike and we know he is a hawk and he would vote if he had the opportunity. the individual stock names we are watching. i was going to say -- you mentioned, tesco. i will catch up. tesco up 5% and the market likes what it is here for mr. lewis. christmas trading was better, a lot better than they estimated. they thought it would drop by a half percentage dropped by 3.5%. 200 people will b

guess is as good as mine. security forces across europe racing to root out any terrorist cells, a barrage of arrests and raids in belgium, france the uk as officials there say the clock is ticking until more terrorists attack. >>> as europe raises its alert level, new details that the belgians were not the only ones watching this alleged terror cell. the u.s. had been snooping on them, too. for weeks. >>> and the national lead. while europe responds the u.s. braces as the homeland security chief says today we are in a new phase of terrorism. so what is he doing and what is the administration doing and what is congress doing to try to stop the next blast or siege or some other disaster on american soil? good afternoon. i'm jake tapper. welcome to "the lead." we will begin today with our world lead. as many as 20 terrorist cells and anywhere from 120 to 180 accused terrorists could be ready to strike at any moment according to a western intelligence source. but while these alleged terrorists move in the shadows, today in france germany, belgium, counterterrorism agencies swept in on

and all over western europe ultimately pass through belgium. our frederik pleitgen in brussels. thank you so much. now, the terrorists suspected of being involved in those cells in belgium, many of them fought in syria. some alongside isis and other terror groups there. there's a separate issue connecting the attacks in france. one of the lingering important questions in paris is how deep is the yemen connection? specifically al qaeda in the arabian peninsula. it has claimed responsibility for the attack that took place behind me at the offices of "charlie hebdo." but the kouachi brothers said and cherif kouachi were there a few years ago. at least one of them is said to have met with anwar al awlaki but how deep is that correction and how significant the involvement? our nic robertson is in yemen looking at that angle. >> reporter: what is key is for french investigators to swiftly establish the links in reality between here yemen and those attacks in france. al qaeda in the arabian peninsula's statement suggests that a u.s. citizen killed in 2011 by the u.s. drone strike an anwr al

. >> the most serious threat facing europe since the attacks of 9/11. >> the radicalization in the muslim is nothing like in france. >> the united states does not have a large disgruntled radicalized group. >> challenges are to find the individuals on the fringes on the community. >> a connecticut court ruled that a teenager... >>> ..must under go chemotherapy. >> this is about my daughter make an a decision about a treatment. >> college football - a lucrative money grab serving to pull players away from the pretense of going to class. >> to speak about this as amateur sports is beyond laughable. >>> we begin with a day of mourning for the victims of the "charlie hebdo" newspaper massacre in paris. while heavily armed troops guarded the eiffel tower and other public sites and stores in paris, mourners prayed and buried ahmed merabet, the muslim police officer executed on the streets. two other officers were killed in the terrorist attacks that claimed 17 lives in the paris area over three days last week. in jerusalem prime minister binyamin netanyahu joined mourners for four french

cultural europe, has there been more of a--let's say a contested terrain of what was okay and what is not okay to publish? >> definitely. i think we've been seeing the trend as the previous caller explained. especially since the publication of the danish cartoons over a decade ago. that has trigged the limits of free speech, and what you can say about different religions and religion groups. i would say this attack has gone beyond anything we've seen before in europe. we've never seen the murder of a journalist in france. the last murder of a journalist in europe was 2001. this was the scale the barbaric barbaricty and scale of it is unprecedented. 10 journalists and 2 policemen have been killed. >> when we return, world leaders react to the kill negotiation paris, and we ask if killings like these and the threat of violence has worked. can you get publishers to stop expressing ideas you don't like by threatening to kill them? stay with us. >> the fact that this was an attack on journalists free press, under scores free speech, freedom of the press. >> we must never allow the values t

reminder that the threat of terrorism certainly not confined to france here in europe. this might be an indication of the heightened sense of alert here as police attempt to chase down leads and crack down. this was according to the federal police. it was a counter-terror operation intended to take these suspects into custody. gun battle breaks out. three of those terrorists are killed another one taken into custody. >> do we know if any belgium police were injured or killed in this operation? >> reporter: there's no announcement yet of casualties on the side of the police. the police have specified casualties on the side of the terrorists none on their side. typically at this stage, they might. but that's no guarantee that there were no injuries or casualties on the side of the police. >> standby for a moment. i want to bring in our terrorism analyst. you're getting new information now as well, right? >> what i've been told by cnn european counter-terrorism official is that authorities in belgium have been investigating several potential cells linked back to isis they believe may ha

more important than ever. the united states remains committed to nato and our presence in europe. for generations, you the us service members have lived with, trained with, and fought alongside european allies and partners. we currently have approximately 67,000 military personnel stationed in europe and our troops train and deploy with european counterparts across the globe. our european allies remain our strong partners in addressing shared security challenges whether in responded to russia's actions against ukraine or the operations in iraq and syria where european countries are a vital part of the coalition. u.s. basing and access to facilities in europe are an integral component of that partnership. they enable the united states military and our allies to respond quickly and our operational presence in europe is critical to our common global security goals. at the same time we must ensure we pursue these goals in a way that is as efficient and effective as possible. that is why two years ago the department initiated a process to review our facilities in europe known as the e

. >>> large numbers of muslims have dom live in western europe. france, germany, britain, netherlands - have they come to terms with rapid changes. have muslims come to terms with what it means to live in very different societies. it's "inside story". >>> hello, i'm ray suarez. for a variety of reasons people have pulled up stakes in south asia, north africa, the middle east and headed to western europe to live and work. and for a variety of reasons countries welcome them in. now, decades on, previouslihomo genius countries like norway and ploourallist ones like france are wrestling with what it means to incorporate people from different societies if large numbers, and many muslim immigrant families, long after transplanting in the west are struggling to cope with life in a place where religion and daily customs play a smaller role, where freedom of religions include the freedom to practice and mock religious faith. the murd erts at an editorial office by men who shouted they were avenging the prophet forces mutual suspicion to the front. >> reporter: flowers lined the streets and pens fille

sustained terrorist campaign across europe in inty way. i think we will continue to see sporadic localized incidents that occur. you know same thing we see within africa itself. i think certainly the counterterrorism campaign going on globally -- which is, frankly, a concerted international effort -- is going to keep at bay any large scale global network sustained attacks on a global basis itself. so i think that is the good news. i think the home grown terrorists, the lone actor those sorts of things, we're probably going to see more frequent localized attacks occurring in europe, in africa depending, west and east africa perhaps spreading down to tanzania next year as well. >> i agree. i think, actually, i would also say that it's unlikely that you're not going to see some individual actions like that that hit the united states. we were successful at the u.n. in getting the resolution adopted to go, essentially, to work to prevent foreign fighters from coming back. but it's impossible to stop every one. but it does go, again, to what i said earlier which is we need to do a bett

. they're shorting europe with italy, spain, france and germany all down 3 to 5%. and they're continuing to short energy, shale stock, with even the biggest names like chesapeake concho and pioneer natural resources down 5.6%. this knock-on effect, so caterpillar was down 5% on a downgrade from jpmorgan due to its exposure to the energy business. and lower prospects for construction in states with strong energy economies dropped names like united rentals, that's an equipment rental company, and fluor, a construction company. and they shorted global growth with many big global industrial names like illinois tool works, textron, 3m and honeywell all down. when will this end? crude stability and stability in the dollar would help a lot but u.s. corporate earnings could also help. they'll be out in a couple weeks. many companies will be talking about a strong u.s. economy and the benefits of lower oil. for "nightly business report," i'm bob pisani at the new york stock exchange. >>> so what's the longer term impact on the markets here and overseas as the euro stumbles and the doll

getting europe to signup to the very tough sanctions including oil sanctions in the first place. and i would just simply make this point, those sanctions have had an effect and to those who said if you do an interim deal if you even start discussing anything the sanctions will fall apart, the pressure will dissipate, no one will be able to stick at it that has shown not to be true. so the pressure is still there, and as the president says if the iranians say no and there is no deal then be all means let's sit down and work out what extra sanctions to put in place, because we are absolutely united in a single thought which is a deal that takes iran away from a nuclear weapon is better than iran having a nuclear weapon reaction to prevent it. so i'll do what i can to help as one of the countries negotiating, sure i will. >> reporter: [ inaudible ]? >> i'm -- it's -- i think the way the president put it i wouldn't disagree with. it's very hard to know what the iranian thinking is about this. i'm the first british prime minister in 35 years, i think to meet with an iranian president, and i

concerned about initial investments for us to increase ties with europe and increase ties from the emerging world. get people comfortable with the way we are trading. >> you saw this. there was a suggestion that it would be a good time for some form of a tax. i wanted to get you going this morning. [laughter] >> the last thing we need is a national sales tax on energy. that translates into a national sales tax on everything and it is not constructive to the economy. sure, it will go -- grow the government. >> isn't the real issue the distrust of what we are going to do with the money coming in the door? what do you do with carbon tax proceeds? >> the thing i found when i was governor, all government moves left all the time. the question is how quickly it moves left. the pace of the train is determined by the number of engines on the train and the engines are revenue. to the extent you live in revenue raising sources that is how the government grows. it has very little to do with good government. we deliver good government in new hampshire without an income or sales tax because we a

americans living in europe. and the middle east and other parts of the world, making sure we stay vigilant in trying to protect them. and to roll up the networks. that help to advance these kinds of plots. >> speaking at the scene earlier today, president francois hollande called this incident a terrorist attack. >> france is now under what's called an attack alert, the highest alert the country has. following this right now, he's been keeping track of this and particularly track of some of the roots of this attack. what do we know about what might have prompted this? >> well, ronan, we know that the magazine that was targeted was a magazine that over the course of the last several decades has been at the forefront of a lot of controversy. both for its cartoons and caricatures caricatures. but also because in the most recent years, it has put in sharp focus some of its most scathing caricatures, if you will, against muslims and extremists in various parts of the world. and as a result of that it has come under attacks. we know the paper itself founded back in 1969 but in more rece

. what were their ties to isis? >>> growing threat. fear of terror attacks across europe as militants return from training with the islamic state. how many cells are waiting to strike? >>> and most wanted woman. new details of the intense search for the girlfriend of one of the paris terrorists. what important clues are investigators picking up from her cell phone? i'm wolf blitzer. you're in "the situation room." >>> let's get right to the breaking news. a deadly anti-terror raid in belgium, where officials now say jihadis who had returned from syria were poised to launch major terror attacks on orders from isis. there was a fierce shootout and two terror suspects were killed a third was taken into custody. a belgian official now tells cnn anti-terrorism operations are under way right now in other cities throughout belgium. we are covering breaking news with our correspondents our guests including the state department deputy spokeswoman. let's begin with cnn's john berman. he's in paris and has just obtained new information on the belgium terror raid. what are you finding out? >> rep

u.s. military's infrastructure in europe. the pentagon said that it'll close milldon hall and molesworth air bases in the united kingdom. also the f-35 joint strike fighter will be permanently based in europe. these actions are the result of the european infrastructure consolidation process, which the pentagon says expects to save the department $500 million a year. here's a look at that briefing from earlier today. >> ladies and gentlemen, good morning. welcome to the pentagon if you're from outside the building. we're going to have a briefing today. the topic is the european infrastructure, consolidation and the actions taken derived from that. we have the assistant secretary of defense mr. derek cholet. and performing the duties of the assistant secretary of defense. they'll make opening statements time for questions afterwards. and let me know if there's questions beyond that if we've run out of time. >> good morning. european and transatlantic security is more important than ever. the united states remains committed to nato and our presence in europe. we currently have ap

viewers in the united states and around the world. our breaking news at this hour. europe on edge. just a bit more than a week after the terror attacks that hit this city hit paris, an anti-terror raid in belgium over the last few hours. two suspects are dead one is now in custody. belgian officials say this was targeted against an operational cell operational terror cell that was planning imminent attacks against targets inside belgium. this terror cell was made up of people that had return ed from the fight inside syria. they were heavily armed. police raided where they were. these men came out firing. two are now dead one is in custody. belgian officials gave a brief news conference giving indication their investigation and anti-terror operation is still very much ongoing. we have dramatic video of this raid as belgian law enforcement confronted this terrorist cell. watch. >>> you can see the fire, see the smoke, hear the gunshots in this town of verviers in the anti-terror operation that killed two presidentkill ed two suspects. one is in custody. just moments ago, belgian fis

front to iran. and i say this as someone who played quite, i think, a strong role in getting europe to sign up to the very tough sanctions including oil sanctions in the first place. and i would just simply make this point. those sanctions have had an effect. to those who said if you do an interim deal or even start discussing with the iranians any of these things the sanctions will fall apart, the pressure will dissipate, no one will be able to stick at it. that has demonstrably been shown not to be true. so the pressure is still there. if the iranians say, no there's no deal let's by all means sit down and work out the sanctions to put in place. we're united in a simple thought which is a deal that takes iran away from a nuclear weapon is better than either iran having a nuclear weapon or military action to prevent it. in the end, it comes down to that simple choice so i do what i can to help as one of the countries negotiating, sure i will. >> [ inaudible question ]. >> the way the president put it, i wouldn't disagree with. it's very hard to know what the iranian thinking is about

candles, the flowers, the messages. there have been big rallies here and really across europe because not only have people been killed, but the idea of freedom of expression that you can put whatever you want in a newspaper and put it out there might have been injured today in the attack as well. the people here are saying no way. there will be three days of national mourning beginning on thursday. back to you. >> all right. greg palkot in paris and the assassination of 12 and including the policeman. catherine field joining us. >> good evening. yes, i think the one person that really stands out has been the man who is editor of charlie hebdo. now, he's really been at the forefront of what charlie hebdo has been about these last couple of years, which is really to just sort of poke at the islamist faith and willingness to get to not publish pictures of the prophet muhammad. they've been publishing cartoons of the prophet muhammad for several years. the french government had been saying please stop it please don't make things worse. now the editor in chief was saying he will abide by t

billion euros a month when it meets later today. the report sent shares in europe and the u.s. higher. according to the newspaper the central bank bond buying will last for at least a year. however other reports suggest the program won't end until late 2016. the ecb declined to comment on the speculation. now anetta is in frank ford. you confirmed we're looking at a program with 50 billion euros. we're looking at the top end of the market estimates. we could see significantly more. when is it going to start? what are we expecting? and who is going to be buying? >> well about the starting point it will most likely be march. that's what i'm hearing currently and also about the volume, we're looking into a package which could be more than 1 trillion euro. if we think that the time of that program will be two years at least. i guess mario draghi is discussing that just right now with the governing council and you need some majority for that program but we're pretty sure he's going to get a majority for that program because there's only up to five members not in favor of a fully qe

that in the performance of stocks and companies. in europe it is more dicey. they have gone into quantitative easing. when you have 19 different countries, it is hard to get a common voluntary policy. this'll work in me short-term, but they have to make changes to make it work in the long term. >> do you believe the quantitative easing will cause of -- will stop a problem we have had for years. >> it is pushing on a string where the interest rates are low enough it is an impediment to investments. there is a lot of structural reform in europe that has to take place before businesses will want to make investments. >> are there cultural obstacles as well? michael dell was here yesterday. i asked why don't you come to a place like . paguuca davos. he said one of his takeaways that europeans tended to worry a lot. do you think they worry more than americans. that americans are more optimistic and interested in taking risks and that is why the u.s. economy has come out of the hole faster? >> that is a --. europeans tend to be more cautious and are afraid of failure and less likely to

published provocative caricatures. including the froffette muhammad. -- froffette muhammad. is europe facing a new level of terrorism following the growth of islamist violence in the middle east and should an attack like this prompt a look at free speech? your host this week, melinda crane. >> hello and welcome to "quadriga." europe has seen its worst terrorist attack since the london bombings of 2005. who is behind the violence? what does it signal and how should france respond that's what we want to talk about with our three guests. it is a pleasure to welcome geraldine schwarz. she is a french tv journalist based in berlin. she has worked for the news agency bloomberg. and pleasure to welcome martina sabra. she has worked as a journalist for 20 years in the middle east and africa. and it is a pleasure to have with us once again michael lewders -- luders. he worked for the german newspaper "die zeit" he writes fiction and nonfiction on middle eastern topics. let us start out by reviewing what we know so far about the perpetrators. the youngest one hamyd mourad has report gliven hims

global. we have steadily made our way up europe and i want to take us a little further if you don't mind. i want to thank the macarthur memorial and the hampton roads naval museum for inviting me here to this wonderful occasion it is a personal honor and a privilege to me, but i also think it is a personal honor and privilege to asia to be included on the program of world war i. i think it you guys thought of it because you have macarthur. i hate to admit it, but this is the first time i have actually been to norfolk. i made my permit -- my pilgrimage a long time ago. for us i do realize he was important in the first world war, but for us we think of him as the asian general and one who was very much involved in the united states going global and going asia-pacific in the 20th century, so i think it is very apropos. so thanks. i do want to speak of the larger issue of war in asia and why we should even be worried about asia's. today i think we will ultimately get there -- about asia. i today -- today i think we will ultimately get there. this is not just about the siberian intervent

for europe. the vote leaves in two seats with a mandate to build a coalition dedicated to ending austerity. guy johnson is on the ground. this is a historical vote. >> it is. the vote has gone as anticipated. he did a little better than anticipated. this morning, in athens, there is a conversation taking place between them and the independent greeks. nobody saw this as a central case. they are towards the right-hand side of the political fringe and anti-austerity and very much taking the line that they want to see a hard negotiation with the troika. that is the reason the markets are down. a fascinating story is emerging. maybe not the one that most had planned for. >> can they form a government? >> they are talking about wednesday being the date we get this done. it will be an intense few hours before we get there. meetings will take place. they are talking to the party that got into power. if that is the story we end up with, the signal will be more relaxed. prepared to compromise and two may be negotiated and take a more sophisticated line as some would say, with the negotiati

global. we have sort of steadily made our way outside europe. i am going to try my best to get us even farther. i do want to thank the mcarthur memorial also the hampton roads naval museum and old dominion to inviting me here. it is a personal honor and privilege for me and i think it is a personal honor and privilege for asia to be included on the program of world war i. thank you for that. you guys thought of it because you have mcarthur. i should have made my pilgrimage a long time ago. for us i do realize he is important in the first world war. for us we think of him as the asian general and one who was very much involved in the united states going global and going asia pacific in the 20th century. i think it is very apropo. i do want to speak of the larger issue of war in asia and why we should be worried about asia today. i think we will ultimately get there. just to begin here with my frame of some of you already know of what the japanese are up to during the war. this is one of the enterprises. we will get there in a second. it's not just the siberian intervention. so of course

evening. >>> across europe today, officials are on high alert. the question hangs where and when might terrorists strike next. here is where the investigation stands right now. five belgians citizens are charged with links to a terrorist organization three of them remain in jail two released under what is being called strict conditions. this goes back to the police raid and shootout on thursday in which two suspects were killed. officials in greece have arrested some suspects and they're still looking for potentially others. the belgian government has requested the extradition of one person arrested in greece. more on those in just a few moments in a live report. >>> one of the biggest fears in europe right now is what nobody can see, the so-called sleeper cells, quiet terror groups who suddenly become operational. western intelligent sources tell cnn this could be as many as 20 sleeper cells planning attacked. a pair of u.s. senators also tell cnn today that it is time for america's allies outside of europe to step up. >> but are our allies doing enough as well? a country like saudi a

berman has the morning off. it is 4:00 a.m. in the east. police in europe are on high alert as investigators try to unravel a web of sleeper cells. new arrests include five in belgium and two in france. prosecutors say these suspects were crossing into italy. the officials are seeking extradition of several people arrested in greece following the police shootout in belgium that left two terror suspects dead and one injured. police out in numbers not out seen in 35 years patrolling the streets and embassies. starting by live is ivan watson. ivan what is the latest this morning? >> reporter: good morning, christine. you have european diplomats meaning for the first time in brussels today since the deadly attack on the "charlie hebdo" in paris and the other raids in belgium where police were fired upon and two were killed. they were alleged to be plotting to attack belgium police officers. the foreign policy for the european union says counter terrorism efforts are on the top of the meeting agenda. take a listen. >> we start with a discussion on how counter terrorism in europe and

more in a moment. across europe police arrested dozens of suspected militants. 13 arrested. two of them were trying to cross over to italy. in paris a dozen detained overnight in connection with terror attacks. in london an 18-year-old woman arrested an suspicion of terrorism and in berlin, men in their early 40s, two of them arrested for links to isis. police and hundreds of troops are on troll. according to investigators those arrested in belgium were part of a plot to murder police. when you see this across europe how great is the fear of another major attack right now? >> reporter: it's very big. you can tell the security forces are scrambling. they found police uniforms among the terror cell. they believe that the goal of this operation was to kill as many police officers as possible. the cops have to wear bullet proof vests at all times. the cops have to take their weapons home with them. this is one of first times in belgium history that troops have been deployed flds eded inside the country. the first will be deployed at 7:00 a.m. in the morning, which is a couple of hours.

sword. >> qe mean stability or europe which is good and a better provision environment and fewer ancram sees and a stable european landscape. equally, it means very low interest rates and the destruction of net interest margins which will be a huge challenge. so we don't want our franchises to suffer. we have to adapt to the demand and it is here to stay. >> that was anshu jain, he wasn't the only loss speaking here -- boss speaking here. while there is an expectation that we will see a push from the central bank, this line is a little bit too much for some. >> there is too much dependency on what the financial system and what the central banks will do to solve problems. they can buy time and create the environment where things can improve what if that time is not used wisely by political processes that we lose the opportunity. the next stage of qe is even less empathic and people begin to have a lack of faith. >> one of the things that is unclear to me is a lot of ceos say we need to keep a leash on the politicians but at the same time, the market is expecting it and it is uncle

interest rate, all of that in europe. first, let's go back to our world headquarters in new york and brendan greeley and olivia sterns. >> time for our top headlines. we have to start with the ecb. european central bank on the verge of taking its boldest step yet to fight deflation. ecb president mario draghi may announce massive bond buying program that could exceed $1.2 trillion. it is in that boosting consumer prices that are now falling on an annual basis. not everybody is on board. the plan is been criticized as too little, too late. the head of germany's central bank said it is not needed. in eastern ukraine, the balance is getting worse. artillery killing at least 13 people. ukrainian forces have pulled back from airport terminals in donetsk. violence has stepped up since to negotiation's between ukraine and pro-russian rebels broke down last week. germany's foreign minister said there were tangible progress in new peace talks. a new twist in the wireless wars. google is preparing to sell wireless service directly to consumers. a move that lead rivals to improve speeds and cut

sparked tensions ranging from eastern europe to the circle and president obama and david cameron warned of a quote frozen conflict created by russia and eastern ukraine, canada prime minister has been more blunt telling russian president putin get out of ukraine but the message is clear nato has been butting in on the old spear of influence and moscow will no longer take it and will actively protect russian people and interests abbraked abroad but they have been on edge before the crisis of ukraine and a lot have to do with the energy and far north of the arctic circle they are competing for natural resources and polar shipping lanes with new urgency and yet what happened in eastern ukraine may have fundamentally changed the game. today a new cold war is brewing. it's 10:00 a.m. on an autum morning and a thousand soldiers are engaged in war games and under the guidance of hundreds of u.s. marines. it's a routine nato exercise in military readiness. >> one minute. >> reporter: but demonstrations of force like this have taken on a new urgency for the west. here beside the mountains

show of solidarity, the people of paris. political leaders around western europe are said to becoming here. they made announcements publicly in a show of support in face of the terror threat. >> that's right. in the same way perhaps as an individual, you need closure in order to process, grief perhaps as a nation as well. france needs that. with a big demonstration. and you're talking about the highest levels of european leadership. almost like a state funeral. angela merck l, the prime minister of spain, the prime minister of the u.k. to converge for several reasons. one, it's the right thing to do. two, in all those countries as well, there are fears of home grown gee ha di dss, and might cause problems as well. >> dan, the question now of the fourth suspect. the woman believed to be a woman jihadist, the girlfriend of the terrorist killed at the grocery store, a, you know, there had been this question of whether or not she actually had been in the supermarket. it's not clear if that is actually the case. it doesn't seem likely given the difficulty for her to be able to escape. i do