Volatility index, the visx. A developing story in ottawa, canada, where parliament has been locked down after a soldier has been shot nearby at the. Ations war memorial one soldier and one shooting suspect are dead. Bloombergs Ottawa Bureau chief joins me on the phone with the. Atest on what is a very sleepy government town. Ottawa is a very sleepy government town. The Downtown Core is totally locked down. You have police with Automated Machine guns taking position everywhere. Withinre shootings parliament, not just at the war memorial. War memorial is about a couple hundred meters away from Parliament Hill. Gunman shot down one of the soldiers, more ceremonial type soldier. There were two soldiers in front of the war memorial. One of them was shot and killed. There was also an incident in the parliament. We are not sure it is the same kind man who just walked up to parliament and got into the building. Was right in the vicinity of where the government caucus was meeting with the Prime Minister not clear he was actually in the room. With his rifle, essentially was shot dead there after entering the building. The city is in shock. Talk to us there have been incidents because there was a shooting just a couple of days ago, the murder of a soldier by a man who Authorities Say was radicalized. That has raised the specter of terrorism fears throughout canada. It wasnt actually a shooting. Soldier was run down by a car, so this individual essentially rammed into a soldier with their car and was shot dead after a car chase to that was outside of montreal. Level, where no one believed Something Like this could happen in the heart of the nations capital. Would literally one man walking into Congress Beatty equivalent of a gunman walking into congress with a rifle. Politicalas also components of this as well because earlier this month we heard the Prime MinisterStephen Harper had authorized air strikes against Islamic State militants and those strikes to go on for about half a year, six months at least. Contribute toto the airstrikes in iraq against the Islamic State. That have been warnings canada could be under threat. Ones just that i guess no never happened before in canada. There no jihadist have been some threats that have been thwarted in the past, but nothing like this has ever happened in canada. People are just in disbelief. Theo argitis, thank you. Were standing by for press conference by the Royal Canadian mountain police. That is scheduled to get underway this hour in ottawa. We will bring you headlines from the press conference as soon as we get them. The bank of Canada Governor postponed a press conference that was planned for 11 15 this morning in ottawa to discuss the banks rate announcement and Monetary Policy report. Lets get to the other top stories we are following on this wednesday. Johnson johnson will start safety testing on a vaccine combination that could protect people from ebola. Millions ofitted dollars to speed up and expand production of a Vaccine Program being developed by pharmaceutical companies. Inwe are working hard response to a global crisis, and afterwards we will see if the vaccine becomes the global use vaccine. We will see how it goes on. The first thing now is being as fast as possible to help the world get in control of the disease at the first and foremost objective. The company is developing a vaccine with the danish biotech company. Prices showed just a slight increase for september. The overall gain was held back by the Third Straight monthly decline in gas prices. Over the past 12 months overall prices were up 12. 7 . Increasehe size of the that americans on Social Security will see in the Monthly Payments next year. Another record for Holiday Season deliveries. Deliveries between thanks giving and chris as he will rise 8. 8 over last year to 290 million shipments, a more subdued were cast than a year ago, when fedex predicted 13 growth for the season. Fedex plans to add 15,000 Seasonal Workers to carry the load this year. To says it will add up 95,000 people, and amazon said it will higher 80,000. That is a 14 jump over last year. The 4 looking to double billion in revenue it made from womens apparel. In fact it just said the unit reaching 7 billion by 2017. The company is looking for ways to compete not with ideas not with adidas or under armour but lululemon. Stephanie ruhle had an exclusive interview with the nike ceo. Women athletes have always been important to nike. What is happening now is sport and fitness is becoming more a part of everyday lifestyle that it is really permeating every aspect of culture and society. This isnt a trend, it is a movement. It is a cultural shift, really, in a way. How theis a look at shares are trading could have presentost 1 3 of her of a percent. Standard poors released a report on the impact of the ebola virus on u. S. Health care providers. Director at s p is the primary credit analyst of the reporting could he joins me now from his offices in new york. Welcome to bottom line. Thank you for having me. Your reports is the current progression of ebola could take one of at least two tracks. The first is that the disease takes a modest course and that is what it seems to be doing so far. The number of cases is fairly small. The reaction is fairly significant. If the number of cases increases substantially, i dont think we have evidence that that has happened or is going to happen just yet. But we are aware that that is a possibility. What are the likely cost pressures of people on Health Care Providers and how might it affect credit quality . In the first case where the number of cases remains fairly small, every provider in the country has to be ready if a patient that is suspected of having ebola terms of their facility. In order to do that, then he proper materials, protective they need proper materials, protective gears, proper Hazardous Waste disposal, they need to train staff, there is a lot going on right now about training staff. They need to make sure they have the proper isolation rooms. There is a lot of fundamental readiness that has to happen, and it will cost funding. Martin, how our medical facilities affected . The likelihood that if you treat someone with ebola, people will refuse to go to the hospital for treatment . I think unfortunately that is a possibility. I think it is a reasonable fear that people dont want to be exposed to this disease. However, i think it is also clear that it is not easily people have to make decisions about this for themselves. We are aware that it is a possibility. Im speaking with the managing director of the Health Care Group at s p. As you well know, there is a legal component to this as well. D yes in the united if eaths in the United States were to increase, would we see an increase in malpractice lawsuits . That is a possibility. I will just leave it there, it is possible. You just spoke about cost hospital beds, protective gear, theyll cost money. In terms of ebola you were talking about Hazardous Waste disposal. They have to be gotten rid of, burnett incinerated. Who pays for this, the federal government, hospitals . At this point it is clear that this is a cost that will be borne by local providers. I would point out that the local it is one more item and a budgeted item at that. The disease has to be much more widespread, isis the i suspect people would like to state and government to help support that. But at this point it is a local Organization Cost the they have to bear. Managing director of the Health Care Group at s p about ebolas impact on health care. Thank you so much. We appreciate it. At Top Story Police in canada are searching for at least two people after a gunman and soldier were killed in ottawa, the nations capital. Were standing by for a press conference that is scheduled to be held by the Royal Canadian mounted police in ottawa, and of course, Bloomberg Television will give you headlines for the press conference as soon as he gets underway. In the meantime, chinas economic reform plans. A report takes a closer look at those plans and assesses the impact it is having on chinas economy. We have breaking news. You are looking at a live picture from ottawa, canada. The well Canadian Mounted Police holding a news briefing on the shooting. At least two people killed, one of them Police Describe as the gunman, another a soldier stationed nearby at the war memorial. Fluid the they situation today is fluid and remains ongoing. Please be mindful that due to an ongoing situation investigation, there are many answers we will not be able to answer at this time. I first would like to acknowledge the presence of Ottawa Police chief. To his right, the commanding officer, assistant commissioner. To his right, Deputy Commander of joint operations command. Finally, to my far right, mayor of ottawa jim watson. In terms of proceeding with the press conference, we will first have a statement by the Ottawa Police chief. Good afternoon. At 9 52 a. M. This morning, the Ottawa Police there is received multiple line Police Service received multiple 911 calls regarding the shooting at the war memorial. The victim is a member of the Canadian Armed forces. His injuries were fatal. Our thoughts and prayers are living with the member, his loved ones, and other members of the forces. His identity and age will be confirmed at this time as we are in the process of contacting his family. We are following another incident on Parliament Hill. What i can tell you is that the male suspect is now deceased allther with rcmp, available resources have been deployed to this Ongoing Police operation. Our priority is the safety and security of our community. Additional resources are on standby should they be required. All measures have been taken to ensure the safety and security of our residents. We are very aware of the large presence of military personnel in our community, and want them to know that we are committed to their safety. As i said, this is an ongoing operation. We are asking numbers of the public to stay away from the downtown poor. People in the Downtown Core are asked to follow instructions of the building management. The Ottawa Police service is witnesses to come forward with information. Witnesses can contact the major 2361222,tion at 613 extension 5493. We continue to communicate and work actively with our partners, including those in neighboring jurisdictions. French]g that is the Ottawa Police chief. He is speaking at a press conference in ottawa following the deadly shooting this morning. A shooting suspect, according to the chief, is dead. So is the soldiers stationed at canadas nearby war memorial. Members of the public are being asked to stay away from the downtown area. The situation still is fluid. Theres a lot that police and authorities there do not know yet. They are trying to assess whether or not there are other shooting suspects who are still in the downtown area. That chief is obviously getting some of his responses in french for the frenchspeaking residents of the nation of canada. We are going to continue to follow this story and we will bring you more details as soon as we get them. Lets try to listen in and see if there is anymore that she has to the chief has to add. French]king the Ottawa Police chief speaking at a press conference today. Are said to be searching for at least two people after a gun man and soldier were killed in canadas capital. That attack came two days after the murder of a soldier who was struck and killed by a vehicle by a man police are calling a radicalized person near montreal. That raised concerns of terrorism nationwide in canada. Lets go back to the press conference. We are committed to providing some answers as soon as we are able. What i can tell you right now is all necessary resources were activated and deployed immediately when we became aware of the incident. They will continue to be here as long as they are needed. The Ottawa Police service is leading the investigation for the incidents. These are situations that we as Police Officers trained for. We train our own members, and we train with other police agencies. We cannot scenario we conduct scenariobased training including on what we have seen in ottawa today. It is important for all canadians to be vigilant and report anything they think is suspicious to their local police certainly followed up on. We are continually assessing and monitoring the situation as we move toward, and sharing information with Law Enforcement and the Security Community in order to ensure we have what is necessary to do our jobs keeping canadians safe. [speaking french] you are watching a Live Press Conference in ottawa on the shooting today near the Parliament Building in the nations capital. Bloomberg television will continue to monitor this News Conference and is as we get more details, we will bring them to you. Last november the Chinese Government announced lance for a comprehensive economic reform program. Today Asian Society released a report assessing the progress of those reforms. Josette sheeran is the president and ceo of asia society and joins me now. How would asia society describe the current economic condition in china . First, lets say our thoughts are with our friends in canada. Absolutely. They stick with the u. S. Through thick and thin and our thoughts are with them now. The congress of china came forward with 60 major decisions on the economy, and 340 subdivisions, and the questions we asked is are these real, are they the right diagnostics for the chinese economy, and is it a plan of action that can get chinas growth at a steady pace and bring not only a soft landing pressure china into being an advanced economy . We have spent the past 8, 9 months analyzing every aspect of those decisions across nine dollars, and our provision is that this is a big bang reform. If you wanted a prescription for taking chinas economy and making it advanced by 2020, this is the plan of action, and they are pursuing it with urgency and purpose in the initial implementation. The reforms were announced last november, last fall. Which ones have been the most successful, and has the Global Economy been a beneficiary of the success . First of all, it is critical the Global Economy. When china open to the world in the 1970s, is about 13. 5 . It is on track with these reforms to be about 25 of the Global Economy. These are the initial stages of the unveiling. We are seeing some interesting things. And a lot of them are trying to be responsive to the consumer in china, the public is demanding Higher Standards of in the environment and health care. For example, thousands of companies that produce emissions have to be tracked online every day, their admissions from their factories, and this is all transparent now. If they violate the cap on the missions they can have from these factors, there is a separate court for this. This is new to have this kind of transparent monitoring of companies keeping pace with regulations. I must apologize. We had to truncate the interview. I have to ask you in our last 30 seconds come is china ready to hit our mark hit that mark . Our assessment is that they are headed in that direction and they are on track to do so. We feel these are real and that the world should wake up to the opportunities and hook up to the china grentech because we think it is going to come after a few years of really getting these things lined up and moving along. We have to have you back because this is obviously a much more complicated issue that 2. 5 or three minutes but i thank you for your time. Thank you. Thank you for coming on today. 26 minutes past the hour. Bloomberg television is on the markets. As we hit the lunch break, the midpoint of the trading session, stocks are at the lowest point of the afternoon session. The s p 500 is reversing the mornings games. We did see some gains earlier this morning but snapping four days of advances. We will call this utilities and consumer staples. Those are gaining despite the eight the other 87 segments within those sectors are losing. Check out the bix. After surging to a 28month high last week, it is hovering around 17. He has fallen at least eight day andday a point a that means investors are getting less concern. The first time that has ever happened in history. Now we are seeing call it a daily gain of two. 210 . Welcome back to the second halfhour of bottom line on Bloomberg Television. I am Mark