Welcome to countdown. Also coming up today the winners, the glitz, the blam more, the Golden Globes in hollywood. Lets get back to our top story. France begins a new week with an unprecedented message of defines against terrorism ringing out across the world. Questions remain over the long term political implications of the charlie killings. No fewer than 56 World Leaders join the largest crowd in french history yesterday in the wake of three days of violence that killed 17 people, the french capitol is still on high alert. Sharp shooters were positioned on roofs lining the route of the march. Among the millions of marchers, it was the simple example that empathy with the victim of the masacre that told the story. Cartoonist pencils. Now from paris, i suppose what a show of global dip plat i can support. It really captures the worlds attention. What next for france after this very initial mourning and show of grief passes . This march was very historical moment for france. You had 3. 7 Million People across the country, 1. 5 million in the streets of paris. Some of the places like the republic square were very hard to access so the march had to be divided in two. You had the families of the victims in the first walk followed by the 56 World Leaders as you were mentioning. With some very rare image for example of Benjamin Netanyahu walking next to each other next to merkel and ramsay and all these leaders. Many french people came with their families, their children. Many attending a protest for the first time. As you were mention pping, these now very famous signs we are charlie. Also signs saying we are policeman because two policemen were killed during the charlie attack. Some signs saying we are muslims, we are juice, we are all jews, we are all together and not afraid. You had an emotional moment when some men were hugging policeman thanking the police to protect the french people. The president said that paris was the capitol of the world on sunday and many many people here said they were proud to be french. Give me a sense, youve obviously been following this story over the past number of days and had the week toned reflect. Give me the sense of the mood of your friend and the french people at the moment. The mood is people are shocked. People are wanting this National Unit tito continue. You see these muslims, jews and christians, and generations working together. The question is whether this will continue in the next few days. There is an investigation going on as well. The police are still checking the authenticity n. This video he is pledging allegiance to the islamic state. There will be many debates on intelligence sharing, on the role of social networks, the roles of jails and whether this National Unitty will continue. Thank you very much. Berlin the government is preparing new antiterrorism regulations while americale has expressed concerns about what the events in paris will depodown to the protest movement. Lets get to our International Correspondent in berlin for the latest. Lots happening in germany today. First, whats been the response to events in paris . The official response is this new proposal from the Justice Minister and he wants to strengthen antiterrorism financing laws. Theyll introduce this in january and make it more easy to penalize german citizens or residents that may be traveling to syria and war zones and visiting terrorist camps. Informally there is a great deal of concern from all of the parties, everyone except alternative for deutchland about the islamist proo test movements that started. Last monday they had 18,000 participants. The question that is dominating the conversation in berlin today and over the week send how big will it go. In some ways its going to be a barometer for the backlash. There is a separate story were following here and that is the ongoing violence in ukraine and peace talks. What americales position has been and she spoke with puten on saturday over the phone and urged him to use his influence with the rebels in Eastern Ukraine to tone down their violence. Her position has been she will not attend a summit on january 15th until there is real progress. We do expect Foreign Ministers to be meeting here in berlin from france, germany russia and ukraine to see if they can hammer out some sort of agreement. One side note on this, while she was in paris americale met with president of ukraine. It was a meeting on ukraine. Difficult to make progress on ukraine if you dont have the russians in attendance. Thank you. After a very busy 2014 the pharmaceutical sector is off to a strong start this year offering 5 billion for the u. S. Company. Good morning to you. Its a focus on Rare Diseases they are going after here. Its called an excellent strategic fit when you dig into the press release. They are trying to install the virtues of both companies. Based in the United States even though its for tax reasons based in dublin, the management tends to be in the u. S. They are paying a fair premium. Its 10 more than it would have been on friday but 50 increase on the value back on december 16 which is when we first started reporting we thought a deal was on the cards. All about rare disease exer tees and the c. E. O. Saying not only is it a strategic fit. He says we can afford it. It takes all the boxes. This all comes after the deal. They were hunting out for 52 billion. That fell apart. They got a nice amount of money. They have 1. 6 billion to be able to spend. The timing is interesting because were awaiting a big decision on one of npss biggest drugs. May want to go early ahead of this drug they believe will be signed off on january 24. Under the circumstances a drug to treat thyroidism. Thats an illness that in the worst Case Scenario can cause see sures. Its the first drug to treat this disorder. Its interesting thatshire wants to go early. They say it can help with the introduction and price tag if they go before january 246789 there is another drug they are still in the works but seem they shout a lot about thats a treatment for short bowl syndrome. They predict this drug could bring in 200 million in sales by 2016. Two unproven drugs that are sensationalized in the press release. Even though they are not proven they are willing to pay up for them at the moment. Its about adding to their rare disease pipeline. Flemings big defense was leave us alone and we will deliver value. This is his first strike in 2015. More deals . So interesting they are going back to the deals they analyzed before abvery went for them. Now as we say the company that was originally the target is out there targeting. They have this 1. 6 billion. They have Bank Facilities in place so they have cash, money, there is a bit of a race on. Weve seen america buy out which was a potential target forshire as well. They are trying to add to their rare diseaseport by aquiring. I think we can expect much more from them for the year. You can join the conversation on twitter. Tell us what you are following today. The trending topics are Golden Globes tina and amy, the hosts of the Golden Globes and the big winner. Ill have more in our digital pick section. Coming up the ecb president is likely to unveil q. E. Type policies at the january 22 meeting and the ure is likely to weaken. Both are called by axel webber. He spoke exclusively to bloomberg this morning. Volume vo is poised to become the first auto make tore build cars in china for export to the u. S. Market. The Company Plans to start exporting later this year. The move comes as part of an effort to boost volvos u. S. Sales by 67 . Jaguar floons announce the addition of a Sport Utility vehicle begin begin in 2016 according to the sunday times. British carmaker will create 1300 new jobs to fwilled s. U. V. Jaguar will make the announcement this week at the Detroit Auto Show. The rising u. S. Dollar is catching one apple. The Company Raised its prices in its app Stores Across canada, russia and europe. The changes took effect last week and put entry level prices in the euro zone up to . 90. And q. E. Policies. Weber laid out his predictions for the euro in the year to come. You can see the mere discussion around having such a program has thepped euro come down to 118 and were seeing further depreciation of the euro to around 110. Some analysis were joined by j. P. Morgan asset management. Bloomberg news on friday broke the story that Staff Members presented policy makers within the ecb last week models for buying 500 billions euros of investment. Is this enough . No, you look at 500 billion billion and thats unimpressive. The bank of england bought 375 billion of guilty. That figure needs to be a lot bigger. It needs another knot on it. Different from when q. E. Was introduced in the u. S. And u. K. Does it suggest the risk is a lot lower . Does it suggest perhaps you dont need such a big bang these days . We would argue you need a bigger bang because you are coming to the party at such a late stage. The euro zone is less about greece. Now q. E. Is there for an exick reason. Its there because of depolice station. That means you need to bring the ba zach caout. It needs to be an overwhelming number. 500 billion is underwhemming. Weve had a great deal priced into the currency. Just hold that thought. What does this mean for the bond market science you had record low after record low in italy and spain and ireland. What wha does it mean for those prices relative to germany . Well certainly that 110 on the euro could be one. You could be looking at party at the end of the year. That means the euro market follows that japanese model and you get increasing amounts of negative yields, roughly 20 of the bond market is negative right now. That grows and have you 50 of the bond market with yields under 50 basis points that. Grows. You have to anchor those bonds at very low levels in an effort to try and stimulate economic activity. Could we have an entire negative yield curve in germany and what are the implications of that. Surely that will push investors to riskier investments. Going back to japan, even japan doesnt have negative yield as cross the curve. What you probably have is low yields and yields less than inflation. It means peripheral bonds. Theyll contract by half a percent from here. It means Corporate Bonds go down and european high yelleds could fall a percent. Or medium yield you call it. Thats right. Something that yields 2. 5 is medium. Looking ahead to the greek elections, if you are not so worried about the effects from greece into other euro zone committees is there still room for to us get worried between now and the greek elections depending on what we hear about germanys attitude to any new greek government . It will flare up and down. Ultimately the big difference are the firewalls theyve put in place. The other big difference is banks. When you look at banks relative to a few years ago, banks are in pretty good shape. Theyve raised lots of capital. That say key difference. What is european high yield because the world is changing . You liked european high yield. Define what that is for me. What return would i get and what risk am i going to take . Manufacturing companies that export things. The weak youre is great for that kind of company n. Terms of returns 4. 5 . We would argue the spread contracts by a percent. So you get a capital gain of a percent times by the duration of four or five years. Capital gine of 4. 5 , you are close to double digit returns on european high yield bonds. Talk to me about the court of justices nonbinding opinion on the o. M. T. Program that was never used, that verked is a nonbinding verdict comes on wednesday. It comes after the German Constitutional Court ruled that it probably overstepped the authority. What implications does that nonbinding ruling have on the ecb meeting a week later . Nonbinding is a key phrase there. It goes to the heart of Central Banks. Central banks are orpting at the edge on the gray zone. Ultimately what the ecb has done and other Central Banks is given confidence to markets and that is very unlikely to change Going Forward. Thank you. Well continue the conversation with him when we return. Nick, good job support but unimpressive wages. Wageless recovery or nonboosted recovery. What should we worry about from these numbers on the jobs report on friday . The wage growth. The difference is consumers targeting real wainl growth because youve had inflation at such low levels. The key Going Forward will be company behavior. Companies have to increase wages. Maybe now is the time because there is momentum behind the economy. Have you broth at 3 in the u. S. Thats the high nest several years. Just a couple of weeks into the new year and people are reevaluating what they think the fed is going to do with their decrates trajectory if you like. They are suggesting the fed will move in the summer and go more slowly than the markets are pricing in. Whats your thinking . They start in the summer and go every other meeting, Something Like that. And the first stange for the fed is to get the fed funds rate to zero. A zero real Interest Rate so in line with inflation. That takes to you 1. 5, 2 . Chances of the b. O. E. Not going this year. Both go this year. Ultimately if you look at the Economic Cycle we are mid to late cycle. Central banks have to raise Interest Rates because at some point theyll have to cut them. International fixed income with j. P. Morgan asset management. What happened when we caught up with the dunhill seal in you are watching countdown this monday morning. Markets are reacting to some of the data and conversations going on. Wageless recovery is the message. The atlanta fed governor saying no reason to raise rates sooner. He votes this year, his opinion counts. What have you is dollar down euro just up. 1. 1866. We just had a conversation calling party on the dollar by tend of the year. The u. S. Will hike by the middle of the year. The market is the most bearish since the end of november. Keep an eye on the russian rubble as well as the trading day begins with gusto at 7 00 a. M. Not only have fitch cut their Credit Rating to the lowest Investment Grade one step above junk but also the misery index in russia is up by near 40 . It is miserable in russia as greece and turkey. And the forecaster is saying get ready for lower levels on the rub. They say it will rarge between 75 and 77 in the First Quarter and s p go the same road then the assets will feel the pain. Thats chief economist at rbs. These are the Bloomberg Top headlines. The largest crowds in french history turned out to mark the nations worst terrorist attack in half a century. 3. 5 Million People took part in the march. Pencils in memory of the cartoonist who died in the attack. News of a big deal in pharmaceuticals. Shire agreed to buy nps. A bloomberg exclusive the euro depreciation yailting down to the u. S. Dollar. The ecb has already indicated they would do something, they will postpone that and announce action. What in detail, i dont think it would be a Government Bond purchase program. It will be a mix of issues. It will Corporate Bonds and might be some condition on buying the higher graded Government Bonds in a larger proportion than lower graded. And divers have lifted the black box recorder from the air asia plane that crashed. It should provide information on altitude and speed. The search is on for the voice recorder. Following the terror attacks in paris and the manhunts that followed. The president of the European Parliament announced allowing more transparency around the movement of citizens. Good morning, sir. We have the e. U. Interior ministers meeting yesterday. They plan to tighten external frontiers and improve the exchange of intelligence. How difficult is it to protect citizens from terrorist threats and individual liberties . It is difficult and there were moving images yesterday. In the light of that you want to have legislation that works. And thats the toughest thing to do. At the moment we have very good legislation, there is no question of that. But at the moment we have National Legislation on foreign fighters in each individual country. But the moment i say that, all your viewers will think that really is the toughest area. What was happening with the e. U. Internal ministers yesterday they were searching for enhancements improvements. Your viewers will be thinking in this tragedy is that the best moment to do it. And its the only moment to do it. We have to find a way. What is happening now is we are looking for common solution. A passenger recommenders thats the gathering of nvings when we travel and other areas can we enhance the Border Control . These are very cons versele moments because controversial moments because its the revelations about Data Collection. So thats the problem. And again viewers will understand that mass Data Collection is the context. You dont want to get into very expensive and very potentially damaging situations. And thats our job is to make sure legislators do this properly so we keep people safe. Obviously many very sensible conversations about sharing intelligence going on Across Europe and actions to be take an cross europe.