Role in our environment. All that and more over the next hour. Lets get headlines from my cohost carol massar. Without better containment of the Ebola Outbreak there may be up to 1. 4 million cases in liberia and sierra leone according to an estimate published by the cdc. It increased its estimates after adding in assumption that the number of cases has in underreported. And an update on the new ios that makes apps crash more than last years version. Thank you. The u. S. Strikes multiple targets in syria. A group linked to al qaeda that may have been planning strikes against the United States. My guest joining us in new york. I want to begin at the white house with peter cook. The obama administration, are they pleased with the results of the strikes . They seem initially to be pleased with what has played out. Very effective is how they described air strikes the message from u. S. Officials is we hit where we were aiming at and that is a good thing and that will find out how much this is going to play out from this point. We get the message today that this is just the beginning. This will be a sustained campaign that could take some time, perhaps even years. Through waves involving tomahawk missiles, fighters, bombers and runs. There was more than the u. S. Involved, five arab countries purchase of bidding bolstering the president s case of his involved an international coalition. And meeting with participants talking about the challenges ahead. This coalition makes it clear that for the world this is not americas fight alone. Above all, the people and governments of the middle east are rejecting isil and standing up for the peace and security that the people of the region and the world deserve. The president speaking in washington before heading to the u. N. One of his main goals is to add to the 40 countries. Christopher harner, what do these multiple strikes tell you about the military strategy . Thanks for having me. I was fascinated by the fact that the strike was bigger than anyone expected. We have been hitting strikes by what lenders would call onesies and twosies. Maybe hit one day and skip a day and hit a day. What happened is what we would call on alpha strike. Term operation, a much bigger number than what i was expecting. I did not think they had enough serious targets they could hit. Apparently the strategic planners saw something i did not. We saw a multiwave strike and an alpha strike. Unfortunately that is the easy part. We have hit the targets on the first day. From this point forward he will get more difficult because the Islamic State fighters now that they know that syria is no longer a safe haven will start melting back into the population. Owing to become much more difficult for us to differentiate between isis fighters and friend of civilians who happen to be stuck inside the Islamic State territory. Laura setrachian, what is going on in the leadership in damascus . President alassad has been fighting a civil war. What is the thing going thinking in those echelons . They have been happy. They want to see the u. S. Command and start not only isis but ribs allied with al qaeda and another group that we have started to hear about this week said to be planning attacks. They had been taking on the assad regime for some time and it is helpful to see a u. S. Strike against groups like this area the regime wants to legitimize itself. It has been saying for the past three plus years that the uprising was the result of jihadi terrorists. Now it gets to say, i told you so. How do you target the groups to assist if you cannot figure out who they are and where . The isis has its default capital and they control rod swaps of one third of syria but you have other groups mixed in again with the civilian population and you have a very diverse mix of groups. The syrian army has fought alongside Al Qaeda Linked groups. How do you tell the difference from many miles away and is isis so in trench that airstrikes cannot root them out . Can you tell us what you know about the participation in these kinds of military strikes . The biggest shortcoming, the biggest tragedy was the u. S. Allowed iran to bigfoot almaliki. In the short term, we have a common enemy. I dont think that the American People should think iran is our ally. They can attest to the brutality of the regime. We as americans in a fit from the entrepreneurial and educational [indiscernible] and in the death throws of the state they are exporting terrorism to syria and direct. We will have to tread carefully so we do not simultaneously empower assad regime and the Iranian Mission regime. All assad told the big lie. The opposition was rooted in al qaeda. That was absolutely not the case. The vast majority of the Syrian Opposition was moderate and prowestern. The u. S. And the rest of the west did not intervene until such time as the Syrian Opposition became dominated i al qaeda. We have a difficult situation. Last night was the easiest night of this campaign. I am wondering if i did get your impression on what you know about iran and its relationship to the United States. Officials have said they helped participate in some way because they were asked to participate. Any elaboration or details . The u. S. Is very sensitive topic for the state department, the obama administration. They want to make sure there is no coordination with the iranians. Has there been discussions about what is going on in syria . It seems clear there has been but they are making a very careful point that they are not coordinating with assad. They did give notification that these airstrikes would be happening but did not ask for permission and told the syrians not to shoot at u. S. Aircraft flying in. This is a very touchy point in diplomatic circles for the u. S. As it moves forward, trying to keep its own coalition together with the countries that are willing to stand sidebyside with the u. S. How deeply should americans be concerned about what is going on in syria and iraq as it concerns our security in the u. S. . We are facing a significant threat because of what has happened in the past 24 hours. That does not mean it was not the right move but by striking we have created a very inflammatory situation. We have given them a reason to recruit more jihadis. They created them in the Islamic State they claim to run. It is an opportunity to take on the west with money and weapons and a lot of opportunity to use props against the United States. Thank you to my guests. And peter cook joining us. Pfizer said to have approached the healthcare dealer about creating another tax inversion. We have to look at details. One of the first Global Trackers of ebola will join me. We will look at efforts to contain the virus in west africa. This is taking stock on bloomberg. Fresh off of jack lews actions to combat tax inversions, pfizer has approached actavis. They set up a possibility of a tax inversion. Here to tell us about it is Jeffrey Mccracken and steven brozak. Tax inversions and the pharmaceutical industry. Explain how they might or might not work. It has been a fairly selfevident story. He went out there and you bought a smaller or Midsized Company and got the tax credit overseas so you did not have to pay the same tax rate. Theres a big question of what will happen next. It is a game of pharmaceutical clue. Lets play a little pharmaceutical clue. Pfizer astrazeneca, that is the 14 billion that did not happen. That is the one that got rejected by astrazeneca. One of the lessons visor learned. They did not deter them from pursuing an inversion. What the treasury cannot with yesterday will steer pfizer off of this path but it didnt convince them or show them they will want to do a friendly deal. They will want to be invited or make sure the company they go after wants to be a wired area did helps explain what theyre trying to do right now and why they want to have a conversation with them even before there is some sort of formal offer. Actavis is a collection of companies. Also it is the old watson pharmaceuticals. It is and they have different products on the womens side for estrogen and estrogen replacement. You have a brandedgeneric company and they have significant revenues. When you are using losing but esther, you have a situation of how do you replace the revenue and how do you do it in one fell swoop because you have to control what you are tired what you acquire. Does pfizer need to do a deal . They are looking at it saying do a deal or they go back and get a time machine. This is the next best thing. What is the potential price tag for Something Like this . Youre looking at a market cap of 60 plus billion dollars for activists actavis. Perhaps it is upwards of 85 billion. One thing we tried to make clear on our story, they are so interested in astrazeneca. They are not necessarily dropping after zeneca. They thought it spoke so i am because the turned them down. It did not make their start turn them at the idea of merger. This is one more money. That is the reason they continue the on and off debate. Think you very much, jeff mccracken. My thanks to steve brozak. And stopping a bowl his across africa. My next guest is there is a way to do it but is it too late . Western mark we will find out next on taking stock. Global solidarity and earnest appeals are no match for the Ebola Outbreak in west africa. This is the assessment from laurie garrett, one of the first able to witness ebola firsthand. She was awarded the Pulitzer Prize for journalism after she chronicled the outbreak in zaire. She is the senior fellow for Global Health at the council of foreign relations. Thank you for being here. Lets get an update from you who have experienced ebola firsthand. What is going on right now in west africa . Right now were watching the most catastrophic event that any of us ever dealt with ebola could imagine. It defies all forecasts we have put out for this disease and if todays announcement from our centers for Disease Control forecasting where this could end up holds true it will be the single largest mass casualty event of recent times. The current forecast is worst case scenario. Best case, 500,000 cases. In liberia and sierra leone just two countries by the end of january 2015. At a million by the end of january 2015. Worstcase 1. 4 million. 13 of their combined populations. You are in new york city and 13 of the people around you are carrying a virus that will kill 60 of them. That is what they are dealing with. We have never seen anything like this. What are the efforts that are currently being employed that you believe are worth it and will pay off . The problem is we are coming late to the game. Everything is now scaling up to respond and until practically yesterday the response will down to three them have urged countries struggling with nothing but doctors without orders who had set up clinics around the three countries. And a handful of other volunteer response organizations. That was it. President obama made his announcement last week. 750 million in funding and u. S. Personnel. 3000 military responders and other u. S. Civilian personnel and the Security Council passed a resolution last thursday that had more signon than any active are passed in the history of the United Nations and 1948. More than 130 nations agreed to a resolution declaring this a global catastrophic threat. Requiring that skill of response. Everybody is revving up but we have a situation where the viruses escalating with exponential growth every 10 to 20 days and the response is going up at this pace. Put the two graphs on overlay and you see failure. Unless we can grab up at a pace where every institution that has responded whether it is a government institution, private, religious organization, i do not care. They have to respond at a pace that in the history of their organization they have never mobilized before. That is what we need right now. Lets talk about the science of ebola and the potential for a vaccine. Rex this is a tough virus. It infect attaches to reset tours that feed on your blood vessels and veins and makes microholes and the fluids from your blood began to drain out and you hemorrhage internally. And eventually externally as well. Your eyes and nose and ears and so on. We put a lot of money, the u. S. Government after 9 11 as hard for our bio shields into finding a vaccine but we do not have one. Sounds like we have a lot of work to do. A lot. Thank you. Still ahead. The idea that our economic model is waging war against our planet. Capitalism versus the climate. Naomi klein next. Now for a look at todays market moving headlines and want to go to my radio cohost, carol massar. We start with bed, bath beyond. Larry ellison who stepped down as oracle ceo had part of his stock is compensation cut as part of the changes in management. Mark hurd and the other new ceo received a grant in stock options. The console will launch 10 games awaiting government approval. Now at the u. N. Climate summit we heard from Companies Making pledges to help facilitate Climate Change and mitigate the catastrophic effects of Climate Change. What about those green orders, is that more about greenwashing . Some call my next guest polarizing and another pivotal. She is provocative. Author of the new book this changes everything. Also no logo and the shock doctrine. This changes everything. What changes everything . Climate change changes everything. We are headed toward a level of temperature rise that will change everything about our physical world area that is one way we change everything. We keep on keeping on and our physical world changes. It is not too late to prevent catastrophic warming but we have waited so long that fermenting that outcome requires such the changes to our political system, our Economic System that i am arguing that also changes everything so we have these choices. For a brief time the nature of the changes up to us. You talk about political and economic change, what is the likelihood you will. This turn on a dime movement . It is not just turning on a dime. One of the things i document is over the past five years that has been a real shift in the Environmental Movement and we saw what that looks like on the streets of new york on sunday when 400,000 people marched through the city. The town of it really surprise people and there was a lot of urgency. It was not just a lot of big big, slick ngos. It was front line communities, people understand the fact that their kids have higher asthma levels because they have a refinery in their back yard. You had communities that were very hard hit in the storm. Low income communities, communities of color. It was a march that felt like new york and it had a strong sense of urgency and the next day you had flood wall street which was taking the level of urgency one step further and going to the people who a lot of young activists considered responsible for this crisis. It is not just turning on a dime. There is a new Climate Movement that is a movement of movements. All these different sectors that had powerful and urgent reading reasons for demanding action on Climate Change. What does how does the price of Climate Change factor into the debate . Everyone agrees it makes more economic sense to add now, to invest, to prevent plan would change than to wait until disaster. They have in no and of costbenefit analyses and we have had a slew of new reports. The argument i am making is we have known this for decades and the reason why we have not acted is we are still locked in to a very narrow ideological view that is the role of government to get out of the way of business and for said till its a facilitate Economic Growth defined as a whatever delivers shortterm Economic Growth is good. That logic is not compatible with this longterm thinking of cost benefit analysis. We will have a better economy if we act now. The problem is it is till so profitable to invest in fossil fuel but we have a boom in green energy but we are doubling down on the dirtiest fossil fuels. North america is in the midst of a fossil fuel frenzy. Rex how do you respond to those that say coal used to be the fossil fuel of choice, is basically my natural gas for cost reasons and also for the reasons that you cite and you cannot wipe away an entire industry overnight. How do you get from a to b without making those kinds of compromises . Gas is a fossil fuel. There are hard realities. The world has a carbon budget and our governments have agreed, they agreed in copenhagen to prevent one to two degrees celsius in warming. Some say that target is already too high. The problem we have is that we are headed toward four degrees to six degrees of warming. Switching from coal to gas is not going to get the level of cuts we need to get in time. You can report marginal improvements and emissions. The u. S. Is digging up coal and it is exporting it. This comes back to the logic we have, governments that are willing to put in some gentle incentives to encourage renewable energy, to encourage cleaner energy but theyre not willing to say no to the fossil fuel companies. I am arguing we need a serious debate about what values we want to govern our societies where we are not going to get out of this. What do you say to the World Leaders who have come back to put together a compromise that recognizes all these competing interests and they would like to do more but they have a feed people and close people and get them to work. Those are also economies. There are reports that say we can switch, it is that we do not have any of the mechanisms and place to do that. The choice between jobs and acting on Climate Change is a false change. This creates more jobs than interesting investing in a gas line. The thing is the incredible power of the fossil fuel lobby and that is why i say it changes everything. Climate debate tends to be very narrow and technocratic. We act as if it is a matter of time of unlocking