Airlining and travel stocks are taking a hit. Meanwhile, oil has been the one leading the pack today. A report this morning that the u. S. Attacked isis oil trucks for the first time. We have an analyst joining us from europe with her take on that, with oil un2. 7 after having been lower earlier in the session, challenging that big level. A big move. We begin in paris, where Michelle Carusocabrera has the latest details. Michelle . Reporter hay there, the secretary of state is in paris. 40 minute from now hell participate in a ceremony, lighting the embassy in the colors of the french flag, this comes one day ahead of the meeting with president hollande. Theyll discuss what happens to be an effort to try a coordinated response to isis. The terrorists who committed the horrific attacks that occurred on friday night. Today paris is trying to get back to normal, businesses are reopening. Theres traffic in the streets, but amid after that there was a National Moment of silence held across the country, many cities in europe, in asia and also the United States to observe and honor the victims who died friday night, as night falls here, the you could a that serve as a millenniumiale, the candles have been placed a bit better here as night fails. Were efforting you to bring john kerrys remarks live. He speaking both in english and french, and we hope to bring that to you live. President obama seemed to have a couldnt have been more different with Francois Hollande. We think back to when he was first put in office, he was described as boring, wasnt that popular with the french people. What a turn event have taken. It was extraordinary that scene at versailles this morning, and extraordinary the tenor of his remarks where he was as hawkish as you could possibly imagine a western leader to be. Absolutely hawkish. And remember this, weve seen this from Francois Hollande for some time, when president obama talked about bombing syria, because he crossed a red line when it came to used chemicals weapons backtracked. We are there. We didnt do it. If you want to make this your effort, were going to understand again now you have to wonder what this result, what this force is going to look like. Yes, absolutely. I mean, nobody is still talking at this point about boots on the ground. Neither is the french president at this point. I will say, despite what in the past has been the u. S. willingness to commit to thing today in his spech hollande was very quick to thank the United States for its support in its efforts, and at this moment of crisis for the country. He also asked, kelly, for a lot more power. Hed like the countrys constitution changed to give him more power to declare war and better tools to commit to the fight that he needs to do here. Repeatedly emphasizing the number of jobs that would be added, potentially expanding the military. Sounds all very familiar to the United States post9 11. Thank you, michelle. Well be talking to you throughout the evening, and well try to bring you some secretary kerry when they do that lighting. The markets are almost at session highs, the dow up nearly 200 points. Many are looking at oil prices, after they had initially dropped in the wake of u. S. Air strikes. Yeah, look at that range that oil has been in, joining us for more on the geopolitical impact, she joins us from london where shes attending a conference for the International Crisis group. Thank you for staying late for us. What is moving other. Initially nothing, and now weve seen this big rally. Whats going on . Yeah, i do think its the geopolitical risk returning a bit today. Initially people were very complacent about this. Once it seemed there was no immediate threat to the infrastructure, and now i think there are reports you were talking about u. S. Targeting the oil trucks. I think thats what getting a bit up. But i seem sake isis operates around such critical gulf infrastructure, and throughout this year, there has been the view that really they were not going to attack any energy facilities. I think its dangerous complacency in the market. So what youre saying is actually its not what were doing to isis, but actually what isis could potential doing to supply lines . Well, i think, you know, anytime you have, you know, increased military activity in the middle east, that is a bit up to oil, but i think whats not appreciated never, i think isis really poses no in that threat. A couple weeks ago we have an isis bombing in the basra area, the heart of the southern iraqi oil region. Its a civilian target, but they could always change tactics. They have done several bombings in the eastern province. Weve got to interrupt at this point. Sorry for that. We are taking you back to paris. We do have secretary of state john kerry addressing the public. The world lost suv a beautiful shining light. I understand the sadness of know who knew nohemi and other victims. The world is diminished by their deaths. No words of comfort, sorrow or even resolve can change that. We dont have the power to bring them back. So we must do instead what is within our power. That begins with a sense of fierce solidarity among good and decent people everywhere, with a vow that we will never be intimidated by terrorists. No one to doubt that the light still signs in the city of light and darks in will never, ever overpower it. As history records, paris has known even darker. Ed pursuit of justice and the embrace of peace, the pleef in the dignity of the worth and the rights of every human being. Tonight the u. S. Embassy in paris joins the sfm landmarks around the world shining the lights of the frerge republic. We do so to as a reminder that yours american sisters and brothers will stand with you shoulder to shoulder, as we have stood together throughout history. Tonight we are all parisians, and as the old motto of this resilient city says, and as parisians have painted across the social media in recent days [ speaking Foreign Language ] buffeted, but not sunk. We will not let our sorrow for the loss of life overcome us. We will not lose sight of the work we trying to do. We will not change our course or cancel our plans, including our plans to come together in paris later this month for the u. N. Planning conference, and president obama told me today how much he looks forward to being here and being part of that important moment. Ultimately we will defeat d. A. S. H. , and all who share their despicable ideasologies, and we are on the court to do so. We will also continue to show compassion for those who seek refuge from violence. We will fight to ensure the world our children inherit is richer in love and shorter on hate. We will work to bring, lie nohemi gonzalez, a beautiful shining light to areas, places that are couched in darkness. Thats our responsibility. Thats our duty, and we will do our duty, side by side, and we will prevail. [ speaking Foreign Language ] so secretary kerry continues his statement there in french. As they begin that Lighting Ceremony there at the embassy. He will be meeting with president hollande tomorrow. Were still with alima croft there in london. Again, im reminded of the events after 9 11, the solidarity that was achieved among the alilies. I think the key question is what michelle raise, what changes are made in terms of tactic. It looked like a steppedup air campaign, or will we see an intensified the use of special forces. The air campaign some people say has diminishing returns. The question is what are the next steps Going Forward . Its interesting to hear secretary kerry refer to the term as d in acronym sounds line the arabic words means that isis its noticeably gaining more use across the west. This is going to be an important one if the decision is made that its no longer to be referred to by the name it prefers to indicate what its mission is and what its goals are in the middle east. Yes. One of the goals clearly of the Islamic State or d. A. S. H. Is to have a state or occupied territory. Thats why people say you have to use some type of ground force, take their land away from them if you want to be effective. So i think the real discussion will be what type of enhanced military tactics are you going to use . I have to go back to something you said that you saw as perhaps complacency. How much do you think the market takes into consideration the increased capability of u. S. Producers to make up for any potential loss of production that we see overseas as a result of isis . I think the big issue right now are the inventory numbers that came out last week. You have the report of 3 billion in global inventory. That can potentially provide you one months cover, so that gives people the ability the belief that we can weather any storm. But i always say we have four wars in the middle east. Normally we have one. These are going in areas like libya, in iraq. These right in the heart of the critical oilproducing region, so i dont think theres any cause for complacency just because of we have high inventory less. Alina croft f. Thank you for staying late. Appreciate it very much. I think the resilience is exemplified by not only whats happening in out, but in equities. This is really about a safety trade, no matter where you go. Ed market will look to bounce up that. Is that part of this rally . I think so. It happened quicker than we thought. I think the market has turned down. I think one of the reasons was the concern about the worlds economy. And a better World Economy theoretically helps the stock market as well. And rick, dollar going higher, but gold hasnt moved a lot. Weve had a bit of a higher move, but in that regard not the kind of among. You would get i sigh a differentiation between the outcome of the european economy over time and the u. S. Economy over time. If you look at charts of tens and 30s, theyre basically a little higher in yield lower in price that we had some friday, not seeing the short end. Theyre handy capping, that not only is the europe economic weak, but this may wake it weaker by various sectors, whether its air travel, all the cottage agencies related to tourism. I know that its tough to talk about markets after all the human pain and suffering from friday, but i think investors and the movement of money is. Its looking past some of those issues. All right. Wish we had more times, guys, we have to go with all that breaking news, appreciate your patience, times and thoughts. About 43 minute before the close. The s p 500 adding 25, the vix is lower, the nasdaq is up 49. Meanwhile, president obama said today in turkey it would be a mistake to send a large force of u. S. Troops to syria, but would it be a bigger mistake not to . A reaction from a leading defense experts when we come back. And ahead, bob pisani will look at one sector hitting hard, and its the airlines. Well be right back. Other wireless carriers make families share data. Some way to say happy holidays. Switch to tmobile now and get 4 lines with up to 6gb each, and no sharing. Just 30 bucks a line at tmobile. This orderly would have been or top story of the day, but Given International situation its not, but the International BuyingStarwood Hotels for 1212. 2 billion, consider the brands involved in this deal. Marriott includes, of course, marriott, courtyard, ritz carlton. Starwood owns sheraton, wes weston, and both ceos will be on mad money. Be sure to join um. Eye specially because we heard jim voice some concerns about the details. President obama said it would be a mistakes to send a large force to syria. John harwood has the latest. He had no apology its the right strategy to work with local operation. Also distance himself for what the political opposition is sake, suggesting it was mostly about politics. Folks want to pop off, have opinions, about what they would think they could do. If they think their advisers are better, or i want to meet them. We can have that debate. What im not interested in doing is posing or pursuing some notion of American Leadership or america winning or whatever other slogans they come up with. That has no relationship to what is actually going to work. There is a practical problem, as you can see from the wall map, a strategy on dealing with Syrian Refugees. The administration is committed to taking 10,000 of them. Weve seen governors in 15 states from the midwest, places like indiana and illinois, from the south, states like florida, alabama, texas, even up into the northeast, massachusetts, said they were not going to accept Syrian Refugees because of security concerns, the Administration Says they can still work with states and implement the strategy, but its gotten more difficult today, guys. And New Hampshire the first democratic governed state to do so. For now, thank you, john. The president s isis strategy has been praised by some, castigated by others. Were joined right now by anthony courtsman with a center for strategic and international studies. Hes a frequent consultant to defense and state departments. You agree with president obama, though. Theres a lot of pressure on him, and a lot of skepticism in that News Conference press in turkey, consistently asking why he wouldnt go after isis in a more precise military but you agree that a more measured strategy is the most effective method. Why . We have to be careful. We are really beginning to step up the air campaign, attacking a much wider range of targets. We began this before the attacks, but we dont know how effective its going to be. Incidentally, france is our primarily partner in carries out those air strikes. We also have begun a different approach to boots on the ground. That is to put special forces forward, to take the train and assist effort, to put it into combat units that are in arab or kurdish forces, not simply trained from the rear. That offers another way of providing a much stronger ability it to build up local forces and carries out this mission. But when it comes to deploying Ground Forces, you have to get the men, have to base them somewhere, have to support i have to thrust them into syria where you have an ongoing civil war between arab rebels and the assad rejeeps where the curtis and the arabs are in deep confrontation and tension in some areas, even more deep tension between the kurds and the turks. In iraq you have tensions between the kurds and the arabs, the sunnis and the shiites, you have iran in both countries. In syria you have the hezbollah, and then in iraq you have the shiite militias. If we go in, we almost certainly with large Ground Forces be perceived by one or more side, other than isis, as hostile. Understood, but then we have to go into cities, fight on the ground in areas where civilians are used as human shields. We dont speak the language. We dont know the area, and we are not seen as muslims eismgts you want years of new tragedies like paris are almost inevitable. Given all that youve just, do you think theyre inevitable no matter what kinds of boots on the ground or air strike strategy may be employed in the years ahead . Well, certainly whatever we do on the ground in combat against isis is only one of many extremist movements that can carry out terrorist attacks. Counterterrorism in defendanting the u. S. And our allies is counterterrorism. It isnt a matter of airpower or forces on the ground. This is the area where we can do moth to prevent terrorist attac attacks dealing with isis brings stability, but it doesnt top terrorism. What would that effort look lie, that would be most effective in counterterrorism . We have been doing this now for 15 years. What we found is that it isnt some simple, easy step. You need to have measures to detect terrorists that will spot things like suicide invests. You have to improve the security around areas. You need to improve intelligence, cooperation and national efforts. You need to take a concerted effort to counters the ideological extremist message you need to take steps, the kind of measures that france is taking already. Theres no one solution, and every time we improve our capabilities, they improve their ability to get around them. So its an ongoing duel. We can never lose sight of the fact. We must constantly improvement our capabilities. Inch doctor, good to see you again, thank for you joining us and your insights. My pleasure. Not easy. With a little more than 30 minute toss go, the dow is now up 226 points, sitting at highs of the session. Oil prices have been moving in lockstep now to over 43 a barrel. Thats actually, it seems, helping to propel the markets higher. Coming up a leading expert gives us a take on whether russia and europe should work together. When we come back, bob pisani taking a look at where Airline Stocks could go from here. After this. Thats where at t can help. At at t we monitor our Network Traffic so we can see things others cant. Mitigating risks across your business. Leaving you free to focus on what matters most. Sometimes they just drop in. Always obvious. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Airline stocks trading lower. Bob pisani is assessing the damage. A muted response overall. Airlines did have a negative reaction. The concern was a lot of asian travelers, particularly to france may cansedle trips and there were some indications that was happening at least on some degree. A lot of people i talk to, when they events have happened in the past, Economic Activity at the times to get hurt very short term. That is people tend to postpone things, but they dont eliminate them all together. Among aother space stocks and defense stocks, predictably were seeing the same thing in the airlines, too. Same thing with the boeing here, and 1. 8 million. Thats about a normal days volume. Back to you. Bob pisani, down to 225 points. Up next the top trader will tell us what hes watching. Me a leading expert wall streets in on the informal meeting over the weekend. Coming up. Hi watson. Annabelle, your birthday is tomorrow. Im turning seven. What did you ask for . A princess. And a pony. You like things that begin with p. I l