Lets get to a data check. I almost did not do a Second Screen. Futures negative. Less weight than i saw yesterday, euro advancing. Hydrocarbons churn. On to the Second Screen for quick check, dollarruble with a focus on syria, a little bit weaker. Gold advances this morning, up eight dollars. There is a data check. Let me look at the back monitor on what is going on in syria. Back 40 years on opec adjusted for inflation. Here is the surge. Adjusted for inflation. This explains our reliance on a higher price oil. Despite all the talk about how we might be headed toward energy independence. Global demand is rising about 1. 5 to 2 per year. Disabilityo economic in the middle east. We look at the front page, only one story this morning with our attention. Topresident obamas campaign destroy Islamic State has expanded and now in syria. Last night the pentagon confirming u. S. And arab allies launched airstrikes against the Islamic State the additions. Drones. , bombers, also the targets included barracks and commandandcontrol facilities. According to one report, the attack on Islamic State targets lasted for hours and it could be centered on the groups headquarters. The backstory, who is not here . France am a the United Kingdom less involved as well. I was stunned when i first heard about this because jets from jordan and saudi arabia also took part. There were religious to express righted from bahrain and qatar. With ian bremmer, lets get to our next story. The president coming to new york with two issues on his plate. First, Climate Change and counterterrorism. The president will be speaking at 12 50 today at the unsponsored climate doesnt all get pushed aside because of syria . That hangs over it, but no, i dont think it changes. For climateesters change on sunday. I dont think that gets pushed aside. I agree there are a lot of people involved, but other people are worried about drilling in north dakota. I agree the voice is out there that is part of the conversation. We and the arab allies are bombing syria and the president is going to talk about Climate Change . These are all things that need to be juggled. It is a complicated world. It sounds trite of me to say that, but. Traffic is going to be her rent is. Tomorrow, the president will be focusing on counterterrorism at the United Nations. Our last frontpage story, the Obama Administration tries to rein in tax inversion deals because the treasury secretary jack lew yesterday announcing a crackdown and u. S. Companies that may want to get a foreign address to escape u. S. Tax laws. For some companies, the action will mean inversions no longer make economic sense. Any deals that are still pending, those companies have to look at how the deals are structured. If i read the rules correctly, the new combined entity will have to get a to percent of its business outside the u. S. In order for u. S. Companies i dont get it. Where is the power to do this . Theres always talk there is room within treasury to make unilateral moves to bylaws. We had a law professor on not so long ago who intimated that. The question is, what happens next . Or the companys push back. The Companies Say theyre delivering their next steps. Those are the front page stories this morning. Syria is front and center. The Islamic State is attacked by bahrain, United Arab Emirates running the United States. The president will speak to the United Nations as he stands before the assembled, will anyone listen . Ian bremmer joins us now on a new world. He is in singapore. Good morning. Thank you for joining us. Ourthese our frenemies or friends . It is the United States leading the Sunni Alliance in the air while the shia are on the ground actually doing the fighting in the trenches. Kind of interesting. It is entirely possible to put together a coalition that includes everybody, given the geopolitics of the region. But theres no question, yes relations with saudi arabia before this ice is emergence are massively strained isis emergence are massively strained. The fact the United States has gotten these countries to be directly complicit, not just with providing base and ground support, but actually engaging in bombing campaigns along with the United States makes it much more sustainable for the United States to have this can a policy in the region. I know you study the karsay. Overnight, we saw battles to take control of a very troubled nation. Is the United States fighting a religious war at this point . , the United States is fighting against terrorist organization. I think they will do their damnedest to expand it, but i dont theres no question a war against isis is more sectarian than the u. S. Would like it. Youre not going to win from the air. The war in the ground will be sectarian. The fact is, obama has launched two wars in the middle east since he is taken his presidency, one against qaddafi in libya and one against isis. Those are the two you could focus on the middle east that absolutely no allies. They agree on nothing. One of the big geopolitical takeaways from this crisis is that it is becoming less likely, by the hour, that in iranu. S. Nuclear deal will come together. Than auch harder november 24, you get the deal done. The council on Foreign Relations fronting their website on iraq. I am stunned by what you just this making a harder for the u. S. And orinda come together. When you think about it, saudi arabia, jordan, turkey, united emirates, theyre all part of this coalition. Wouldnt that make it easier for iran and the u. S. To come together . No, in the same way it is harder for the United States to come to a deal with alassad. The iranians just two days ago, you and foreign minister the foreign minister saying, i will the fight against isis but you have to give me a better job on the nuclear front. First of all, it is inconceivable the u. S. Would do that. Isis is more of a threat to iran than it is to the United States. Think about how that plays back in iran. They will get an update from the u. S. What are they going to do . Come back to their own people and say, we could not get it done, but were going to cut a deal anyway . The iranians are expecting they ,ill come away emptyhanded that it is becoming much harder for them to negotiate their own thomistic constituency. Are, i think the markets paying attention to that right now. I need to ask you our twitter question of the day. What defines victory in syria now that we have beyond iraq with these airstrikes into syria . What defines victory . Yes, for us. Well, i mean, i guess you can say the destruction of isis. Terror, youre never able to actually win. The fact the Obama Administration has taken as long as they have, been very deliberate and cautious and have also managed to build a Real Coalition a lot of people scoffed at that. The fact is, the harder it is to define victory, the more you what everybody around in it with you so they cant complain when it doesnt go very well. That this kind of where we are. You have to fight isis. You know youre not when a win tomorrow, so you might as well ensure you can rebuff criticism. Ian bremmer, we greatly appear appreciate you appearing with us from singapore. This is most fascinating. Tell us about the linkage between our visible white house and our state policy and the pentagon. We have soldiers at risk. We have deployed aircraft at risk. Is everyone on the same page . Absolutely. What is critical, it was the state department that was key in getting the sunni allies on board come the five monarchies that we talked about in the gulf and arab states. Jan that he of the pentagon coordinating. We have the 14 strikes on hard strikes. This is meant to back up the over 190 strikes we have already done in iraq. Keep in mind, it is going to be very hard for us if we dont have the ground force on the ground of followup on what were doing in syria. This is where i wanted to go. Mean anyid, we dont ill will for people serving. What do we do when the first plane goes down . How do we respond to that . I have to say we always say dont have the permission of the alassad government and were going and doing that bombing without his consent, at the same time it is very much in his interest to let the United States do its job, stay out of it, allows to doing the bombing because isil is as much his enemy as it is ours. He is happy in a way that we are taking care of this. What is key is we have paired up with the syrian opposition, the Free Syrian Army and formed informed about this attack days in advance. That is something they will have to do some real cleanup work to take advantage. Read the manual on Foreign Policy i think we all do this point. Hour, we has for the will be back with them shortly. Coming up, the Obama Administration has its hands full airstrikes, Climate Change, antiterrorism measures. What is john kerrys role . We will discuss right here on bloomberg surveillance. Good morning, bloomberg surveillance. Mexico joiningf Market Makers this morning at 11 00 a. M. The president and the first lady visiting new york today. Look for that in the 11 00 a. M. Hour. I am tom keene with scarlet fu and adam johnson. Secretary of state john kerry will be in new york as well, hosting a global counterterrorism forum. He has his mind elsewhere, and particularly, on syria as well. Tell us the daily methodology of secretary kerry as he is buffeted as no secretary of state in years. Andks you have the urgent important and you have to do it all at the same time. John kerry has been here sunday dealing with a host of different issues. Key today is hes going to be setting up very important Security Council meeting. Byorrow is the yuan chaired president obama. In an effort to stop foreign fighters from going over to syria and iraq and coming back to their home countries. John kerry today is going to be gathering all of these countries together to talk about what they can do about counterterrorism. This is the Fourth Annual of these events that had, but it takes on really new significance. Quirks is it of oso photo session . Know, and we will be covering it live. It is interesting because he is having to bring on board not allies who now publicly have shown themselves, but basically the whole world. The french and the british were not involved in this operation in syria, although, they have been involved in various ways. The french have been involved in bombing in iraq. We will have to see bringing the world together and figuring out what is plan b . How long is it going to take . It is probably going to take years. Quirks where is china in all of this . U. K. Is strangely silent. Asnow its interest are not intersected, but for the world power, you dont hear a lot from china. Quirks china will remain quiet, i think. They plenty of issues at home to deal with in terms of their economy and society and development, all of these associated issues. They have not been vocal on most any of these topics for a while. I dont think that any intention of becoming so. Talks theres very much the reason for that. They want to focus on their economy. Omission, not russia, not india. Corks i think on the climate tame change issue, they have never met a problem. Pollutant. A co2 is co2. Pollutants are particular matter, ozone, mercury i cant breathe and shanghai. I literally cant breathe. That is not because of co2. Hat is because of pollutants we cant deny they are continued her. Their sovereign nation and they can attend if they want or not. The developed world over the last 20 years has grown and emitted all kinds of co2 as a consequence of that. Now china, india, and the other developing nations are being told timeout, you have to cut your emissions down. Theyre saying, wait a minute, you had your turn, now your turn to shut off us from the Economic Development that you enjoyed over the last two decades. I was with the bloomberg event yesterday and there is a photograph from 1961. The u. N. , we know of 1961. I think most of our viewers do not know the yuan 2014. U. N. 2014. Who does the president speak to today . We have over 100 World Leaders that will be her tomorrow to hear the president speech. Triple parked, i get it. This is a really important venue. Diplomatic speed dating, the opportunity for World Leaders and Foreign Ministers to go around and see everybody in one venue to talk about everything that is on their plate. The u. N. Secretarygeneral has says the climate is the most urgent issue threatening our world. Tomorrow, counterterrorism is the theme. Thursday, ebola. For american taxpayers . Absolutely. It goes beyond davos. We made a commitment post world war ii to the United Nations. All of the themes you just identified are effectively social. Theyre not economic. Theres an economic component. Theyre very much political issues as well. I covered the kyoto Global Warming topic of the late 1990s in person. The arguments that china and india made then are the same arguments theyre making now. The argument against that is, we have learned from that, learn from our mistakes. To me, it is a lot of chitchat. It is just i dont know, we are bombing syria. That is been a criticism of the u. N. For decades. Weim hearing correctly, should not look for something specific, but just recognize it as conversations that happen behind the scenes that allow Something Like a coalition to come together. Absolutely. At the sidelines are the Iraqi Nuclear talks. But the president as chandigarh the whole world behind this. The fact theyre putting it on the agenda, maybe that is the way to look at it here. Or twitter question of the day that is not an easy one. Tweet us. We will be right back. Good morning, bloomberg surveillance. Gold advances. Futures are negative. Looking for gold on the bloomberg terminal. Scarlet fu has our morning mustread. It is a morning must listen. The most influential summit. Bridgewater associates and Michael Bloomberg talked about management and corporate culture. Both have interesting takes on it. Take a listen. I think theres a difference between culture and a colts cult. If a coulter and culture means were clear values we are living out every day. A cult means people are blindly following. In our place, it is the opposite of a cult. It is everybody being able to have their own points of view and work through that with thoughtful disagreement. You have to have a system that means you have to have a culture. Ae United States has democracy. These are things we believe in. Does that make it a cult . No, i think you attract people who have similar values. If you dont talk about your values, then you have no values. One interesting point to p, theiry dalios sho recording everything happening inside the Hedge Fund Firm as a way to make sure they encourage this culture of transparency. Corks if i go to enter conference are in, adding recorded . It is one thing to be on tv, you know youre being recorded, but in a Conference Room . Weve been doing it on surveillance for six months. Looks not unlike being in china. You better expect theres a microphone, if not a camera can also everywhere you turn. Particularly, if you are a journalist. In many places. That is very sobering. We will discuss this a little further. Alibaba, record ipo, certainly grabbing a lot of china headlines. What about the economy . We will discuss. Good morning, bloomberg surveillance. This is the Turkish Border with syria. Significant protest as the turkish government figures out what to do with 130,000 refugees , that over the last three days. Very much of this about kurdistan and the kurds of iraq. Syria and turkey. Our twitter question of the day come of this at your after the air attacks last night, what defines victory in syria . We leave it open to you for your smart answers. Answers. You for your lets get to our top headlines. Palestiniansls two and the west bank hideout. Killings of three is really team june. That incident sparked the gaza war. Forecast of the World Health Organization says west africas he 21,000 cases by november if control efforts are not increased quickly. The outbreak has infected more than 5800 people thus far and killed 2800. The Obama Administration is taking immediate steps to likent tax inversion deals the burger king merger as an example. Make it harder for companies to move its base to Foreign Company where taxes are lower. Those are the top headlines. A permit, the cdo estimates this would raise about 29 in the next decade. Apparently, the cbo estimates this would raise about 29 million in the next decade. Theres a lot of symbolic value of people are getting upset. There are been Something Like 41 or 42 inversions in the past 10 years. , i guess, the notion of fair share. Lets do a data check. Old advances 8 not much going on. Equities still well above 70,000. China signaling they may growth rate percent to slow. Finance minister saying isi has built a career around understanding china is our guest for the