With first word news. Vonnie we are following breaking news out of mali this morning. None man attacking the Radisson Blu Hotel in the capital of bamako. Rumor is that there are 170 hostages. The Army Commander tells the ap that 20 of the captives have been freed. Until bloomberg there are u. S. , french, and the hotel. Ps in two malian citizens and one french citizen are dead. Here are the latest of elements from paris. Nearly one week after the attacks there, a third body found in a department that was rated two days ago. The body of an unidentified woman. The suspected ringleader of last weeks attacks was killed in the raid. The European Union is being urged to implement security measures that were passed earlier this year. ,nd the oldest mosque in France Services are canceled because of security worries. We are also hearing this morning from the german interior ministry, a spokesman commenting in berlin, saying one of the attack suspects came through germany. The senate has not indicated whether it will take up the bill to temporarily block syrian and iraqi refugees from entering the u. S. President obama says he will veto such a bill. It passed by a wide margin yesterday. These another breaking stories, you can get 24 hours a day at the new bloomberg. Com. Bergright now to johannes as we look at the hostage moment in mali. , a streams are free of news. I have seen tweets and information out on media of turkish employees, chinese employees. It is an international community. Pauline, when we look at mali rich in ptional what exactly is the government of southwest mali, where bamako is . Pauline sorry, i did not get your question. Tom what is the government of southwest mali, where bamako is . It is not a democracy, is it . Pauline it is a democracy. Elections recently. The elections went quite well, and the government is now trying to lead the fight against jihadists in the north, with help from the united nations. Who financially backs that government fighting the jihadists . Pauline the government, when elected, provided donor money. Human, billion dollars but there have to be some checks and balances in the government. Because the previous government was seen they are really struggling to get their house in order, and that is what they are trying to do. But with the property that they have, with the poverty that they have, it is really difficult. Vonnie onncine can you update us the situational on the ground . Hostages have been released from the situation . Forces, french forces, and malian troops are inside the hotel and they are trying to get the guests out. I also heard that the attackers are holed up on one floor of the hotel. Butnot sure which floor, from what i understand, they might be cornered. It might be premature to say that, but it looks like they are trying to put in end to the hostage situation as quickly as possible. The lets set up mali, decolonization from france and then onto a very fractious state , and a lot of coup detats and such. Here are the cape verde he thends, and here is capital, bamako, and the desert down here. The headline off the bloomberg terminal there are two lines marked where it is much more prosperous. But alsohere is oil, gold, uranium, phosphate. It is very rich in resources, the average capital average per capita income per year is 1500. Tom francine . Francine lets bring in andress hertley ofd james various mines in the various things we need to look at in terms of resources. The malian market is extremely illiquid, but they have gold mines. They are the Third Largest gold miner in africa after south africa and ghana. You have Large Companies like grand old operating there. Juniors smaller operating there. It is a goldrich area. If you go to the north, you have other resources that could be exploited. It is so desperate it is so desolate, there is no rail there. There are other valuable commodities that help other nations grow. Francine as we find out more about the attacks and the hostages that have been freed, there is no doubt in your mind that this is linked to paris last friday . It is the different groups that operate in mauritania and algeria. Some supervisors Islamic State, operate on their own, but there is no doubt this is in sympathy to the attacks on friday. The president of nigeria indicates he will destroy boko haram militants in the region are upping their attacks. Tom i will try to phrase this as best i can. With the poverty and the lack of hope, is there a distinction algeriae french between or the south africans or algeria and other arabs . What is that new in those impoverished parts of paris . Ties there is a very clear distinction between what you might call the establishment and younger people. The establishment islamic organizations, many of whom the elders are descended from algerian and moroccan immigrants , the immigrants themselves. They have roundly condemned the attacks, obviously, of last week, and the Charlie Hebdo attacks earlier this year. With younger people, it is a whole different situation. For a lot of young people, their rhetoric is extreme. Even propalestinian demonstrations, for which there is a lot of sympathy, the rhetoric there is also very extreme and hateful. I think it is more generational than anything else rather than national. That, tom within that, do people of your region of west africa, is there hope and dream to get to paris . Pauline, who was on earlier, did some good stories with senegal and the coast the last few months. People do go to Southern Europe or try to get even further, try to come from senegal, mali, ghana. Even though some of these countries have become more stable, the flow of immigration has not stopped. Successen as a sign of to get to paris, make some money, be able to come back home and set up your own shop there. It is not always about fleeing, like in the case of some of the refugees in syria. It has been quite stable for a while. More opportunities are being made, but still people go to paris and brussels. Why . For as they can do more their families than they can in senegal. , andflow is quite strong the smuggling is ongoing. Tom well said. We are going to come back. We leave you right now with a good constructive headline. Five Turkish Airline staff among those released in mali. That according to the turkish news agency. On an hour, more maybe two hours ago, the capture of 170 hostages in, co. , far distant from timbuktu. Bamako, far distant from timbuktu. Stay with us. Francine this is bloomberg surveillance. I am Francine Lacqua with tom keene. Time for the Bloomberg Business flashed her here is vonnie quinn. Vonnie the world pass Largest SportingGoods Company planning a 12 billion stock buyback. Nike is coming off its most profitable year ever. Bnp paribas must pay 60 billion 60 million. Secrets revealed in the agreement will help the u. S. Review worldwide. The wall street journal says it would be a record and that is the latest in Bloomberg Business flashed. Tom good morning, everyone. International relations are front and center today with a hostagetaking, a jihadist attack at the Radisson Blu Hotel in mali. Have a somewhat successful outcome with three dead, 20 hostages freed in the last hour. We are going to turn this to martinez outandres of ghana. It is about oil. Christopher grisanti, who has been more than patient this morning, is a Portfolio Manager and has been pressured has been prescient on oil. Also with us, vincent piazza. I believe our audience is conversant on opec and our security on oil. There are all these other players out there. Mali. El tell me about the oil players at the margin like mali. This is critical for their economy. Vincent when you take a look at the grand scheme of it all, with respect to the Global Supply of crude when you think of geopolitics, sectarian violence in general, take for example capacity that has come off the market, i think operators, investors have become used to because of the geopolitics and the sectarian violence in general. You were in cycle. But is the mali commodity business and interior business to gold smelters there, or do you presume there are pipelines to italy from mali, or to france, for that matter . Touches africa, most of the mina as well. In general when you take a look at the impact on oil, i think investors have become accustomed to these types of geopolitical events, and while in the past it may have played a greater role in their thinking about how to invest, i think they become more used to these types of exogenous events. Tom and those egg zogenix events are and those sense is events my they have all pulled back from the geopolitics. Are you investing in big oil because it is international and in mali, or are you investing in oil because they are smarter than that . Pulling backey are not just because of the geopolitical because but it is expensive to throw back to molly rather than in other places. We think the majors have great Balance Sheet and can get through this because we are attracted to them. We like american independence with good Balance Sheets, and those are down 30 , 40 . We think that is the real value. Is one of the advantages they are not in these expensive international regions, right . Chris it is just safer. Vince but if you get through, youll see some of the weaker folks drop off as they cannot afford this environment, and you will get stronger. They are working in egypt as well. They certainly are. When you look at security west africa, people point to nigeria where they have huge oil reserves. Andres covers the region. Attack in nigeria, security concerns could escalate there. North, security in the where boko her mom is isolated, is already pretty bad. You had where boko her ro where boko haram is bad. Ram has not attacked that part of the country there. There are other issues there. There is theft, 200,000 barrels a day there, quite a bit of money, and that limits what the government can do. Are not issues that are tied to each other. If you want to operate him many Different Countries, youre not facing one problem, youre facing two or three. Gold, they ared different issues and you cannot face them in the same way. You have to pick very closely where you want to operate and what you want to do, or you choose to be exposed to many different kinds of risks that cannot be exposed in the same way. Tom this is the emotion of what we have seen in mali right now. As his twitter, my twitter feed. This is one of the esteemed businessmen of africa. Mali, hemored to be in is putting out a tweet saying he is fine. He was in the hotel yesterday. Some of the flow that we are seeing off twitter that from one of africas leading businesspeople. Stay with us. As we look at the economic consequences and the International Relations of a jihadist attack in mali or this is bloomberg surveillance. Good morning. Tom good morning, everyone. Bloomberg surveillance from new york and london this morning. We are following a jihadist attack at a mali hotel. The news flow is exceptional coming out of bamako, mali. Chris cressotti is with us as we look at the equity markets gristani is with us as we look at equity markets. How does use of cash change . Chris cash is just a terrific asset class right now. We see the market kind of heavy, topping out. Leading to gains in the market, and most of those in the gains area most of those in the tech area right now. If we do not have an idea that gets over a pretty high hurdle rates tom lets frame this. Within mutual funds, 2 to 4 is is, oh, im so7 conservative chris after the october massive rally, which we think was a snap back but not fundamentally driven, now we are looking at trying to find things that will be a sideways to down market going forward. If not, we like to cash. Francine when i look around the world, and we have a conversation about whether about how we calculate risk around the world, or what we are seeing in terms of terror attacks, are you concerned we are in a bubblelike territory . Equities, andat what i see is not so much a bubble but kind of a heaviness. And what is going to take us to the next level . The not really afraid of economy in the united states. It is decently strong, employment is good, and inflation is under control. But where our profits going to come from . We have trouble answering the question, so we are going to where we think the action will be in a year or two. Frankly we think that will be in the Energy Sector any, in the Energy Sector or commodities. Tom you love airlines. Chris we do, and folk still hate them. They can buy stock back, take care of their shareholders in a lot of ways. Tom christopher cressotti is with us, with his use of cash. We will continue our coverage on mali again, and there is everchanging news. Andres martinez is with us, onset, our bureau chief from ghana. And pauline bax will join us again from south africa as well as we look at the economics and politics of a fractured mali. Stay with us. Bloomberg surveillance. The only way to get better is to challenge yourself, and thats what were doing at xfinity. We are challenging ourselves to improve every aspect of your experience. And this includes our commitment to being on time. Every time. Thats why if were ever late for an appointment, well credit your account 20. Its our promise to you. Were doing everything we can to give you the best experience possible. Because we should fit into your life. Not the other way around. Tom it is another friday, folks. Breaking again. A jihadist attack, this in mali, the landlocked nation, a former french colony. Hostages taken at the Radisson Blu Hotel in bamako. This is in western mali. Some hostages were freed recently. These are pictures that have just come in from mali. You can see the chaos, clearly, an International Group of people at this international hotel, doing business almost always on commodities in mali. Fabius of france is speaking. He says the u. N. Is a more official way of fighting. Troops would probably disagree with him. He is the france minister of Foreign Affairs and trade, and he says there are french personnel install in mali, and they will be taking action. Tom lets get to news this morning. We have much more. Vonnie breaking news on the west african capital. Taking front and center stage, three gunmen storming a hotel in bamako. Early reports say three people are killed. 20 captives have been free. About 170 were believed to be held. A u. N. Official says there were u. S. And mali and troops in the hotel. It is sending security reinforcements. Here are the latest violence from paris. A third body found an apartment that was rated two days ago the city Prosecutor Says it is the body of an unattended five of an unidentified woman. Germany says the suspected ringleader who was killed innsited through germany 2014. The interior minister says he was free to travel as a belgian citizen and was not on a wanted list. Britains interior minister is urging the European Union to implement Border Security measures passed earlier this year. And a solidarity meeting that canceleded was because of security worries. You can get breaking news 24 hours a day on bloomberg. Com. Francine, i believe you have more with pauline bax. Francine i do. Lets get to her from johannesburg on the phone. She is very familiar with the hotel where the attacks took place. Pauline, what we understand, since the attacks started 2. 5 hours ago, u. S. And French Military entered the hotel where there were 120 hostages. Do we have it confirmed that 20 hostages were freed . Hauling cap that is what we are hearing. Pauline that is what we are hearing. We have not been able francine we are having a couple of difficulties getting pauline on the phone. Some of the telephone lines across the world do not work as we hoped they would. Lets get straight to our guests in the studio, with us for the whole hour. We have great experts, the managing editor and as martinez is with our west african bee bureau chief. Is the linkage clear at this moment, or can we just say that these terrorist groups have global reach and we need to act . One has taken responsibility yet for the attacks, and usually that nobody has taken responsibility yet for the attacks. Usually that takes a day or two. Groups operating in mali, niger, boko haram rom and other groups boko haram and other groups they may not be sharing operations, but it is definitely a ramping up in nigeria. Francine and of course there is a very strong french link. There are 1000 troops in mali. What can you tell us, to give us context . Not the most secure place, but this is an attack that we have never seen a scale this big. Andres these people are working for airline companys, businessmen, not heard of in this part of mali. In the north, where the coup was led from islamic militants it is a desolated part of the world, so the attacks are few and far between. When the french got involved in the former colony in 2013, they were able to push back this threat and isolated. Since then, the french have widened their presence. They have maybe 3000, 4000 troops across west africa and central africa. A have they have a drum base niger. Chair in tom jim hertling, i am taken by headlines. Fabius he is the foreign minister. I am going to call him the john kerry of the republic of france. U. N. Tous wants the solve what we are observing. How do the french people react to that . Jim the french people are of two mines. There is a nationalist that are of two minds. There is a nationalist element that wants to strike back, but at the same time they know they have been in the region, troops have been in their region for years now, and obviously the situation is not getting any better. Are a number of failed states or failing states. Problems. Tioned International Dimensions are required at the political level. Francine lets get back to pauline. You have covered mali for many years. You have stayed at the hotel that was attacked by terrorists this morning. What do we know about the people inside, the hostages