Letter from ralph nadar says she should seek advice from her husband. Good morning, everyone. It is 5 00 a. M. On the east coast, 10 00 a. M. Here in london. Quick peek at u. S. Futures this morning and were seeing some softening. The s p 500 seen off by 8 points. This is after the dow, the s p and nasdaq all closed lower in the trading session. 6 billion shares were traded versus 7 billion on average. So thinning out as we approach the thanksgiving holiday. Lets get back to one of our top stories. Turkey downed a Russian Military jet near the Syrian Border. Turkish military warned the jet a number of times before taking it down for what it says was a violation of turkish air space. The Russian Defense ministry through the ria news service refuted those claims saying no such violation occurred. Tv imaging showed two pilots parachuting from the jet before it crashes into mountains. Just want to show you the reaction in the markets. Were seeing the turkish lira under quite a bit of pressure down by roughly. 6 . Also moving on, the equity market is down by 1. 4 . How are markets in europe fairing . Not fantastically. Of course last week was pretty strong. Today is more meaningfully down as you can see. Were down about 0. 8 . Ftse 100 0. 8 for the tax. Part of that is this russian jet being shot down but not really to be honest. We did have a bit of a bounce back by the tune of about. 25 after german ifo sentiment surprised to the upside. Still he is 1 for 6 in negative yield territory. You have the five year there highlighting that point and the ten year has dipped down below 5 and really we have been in and around that handle for a couple of weeks now and thats railro more relating today at a than anything else. Thank you. We are seeing a reaction to that developing study. We have seen a flight into the safety of the yen. So it has picked up toward the tail end of the session over here and i do fear this is still very much going to be contributing to Global Market uncertainty and volatility. Lets not forget that the Russian Foreign minister visits turkey tomorrow. Scheduled diplomatic visit to discuss syria and the downing of this russian jet is going to spoil it and make it quite awkward in terms of the diplomatic that he has there. Underlying sentiment remains quite fragile out here especially in the emerging market and because of the continued collapse of the commodities complex, especially on the cyclical end due to the stronger dollar so the stronger dollar in my mind is the negative feedback for the emerging markets. For the currencies and the broader Capital Markets as well so thats why were seeing not a great deal of conviction. Its up for the fourth straight session its locon vi locon low conviction. Thats where we stand. Back to you. Thank you very much. Right, the latest from brussels now, they have charged a fourth person linked to the deadly paris attacks. It comes as an explosive suicide vest was found on the outskirts of paris potentially belonging to an attacker still on the run. Julia is there for us now. Julia. Thank you, so clearly what youre building there is a picture of greater information being collected by the authorities here in belgium and also in france. Its continuing at the highest Security Threat alert level. Clearly the prospect of an imminent attack of some sort remains a key concern and this is a point that the Prime Minister underlined yesterday but he is trying to calibrate the response allowing people here to in some way get their lives back to normal. The lock down that were seeing on the metro situation and schools and universities is going to start unwinding tomorrow. Of all the arrests, one man charged. So work there continues and of course work continues on the manhunt. This on going search for one of the terrorist suspects from the paris attacks. Now guys, in line with what we have seen in europe in terms of raising the risk level and Security Awareness weve seen similar from the u. S. This morning to the state department raising the level of concern and for u. S. Citizens, a terrorist alert not tied to a specific event risk but a high Security Risk and theyre warning both travellers at home in the u. S. That they need to be more vigilant and the timing makes sense not only for what we have seen in europe but ahead of the thanksgiving holiday on thursday and they just want travellers to be more vigilant i think. Julia as brussels remains on lock down, what does it mean about daily life and people going to school to their offices . When will that come back to life . Well, this is what is going to start to happen. And were going to see the metro open in a staggered fashion so at least the people that struggled to get into work or working from home there will be some sense of normality there but as far as the shops and businesses that werent opening yesterday, its a case of wait and see. Theyre trying to bring things back to normal but of course were still operating under this highest level of security alert. Its just a balance of two things and we have to see how con fireworks den people are to get pack to business here. Julia, thank you so much for your report. Moving on, the u. S. State department issued a Global Travel warning. The authorities said it is likely that several groups including Islamic State al qaeda and boko haram will continue to plotter error attacks across regions. Americans have been told to be careful in big crowds at Holiday Events and festivals. Will the new travel alert put off the millions of americans heading out of town this Holiday Season . Lets get out to jay grey in dallas texas. Hey, were a little bit ahead of the morning rush here at dfw airport in the dallas ft. Worth area. This International Airport one of the busiest in the country and they will see a big business throughout this week and its the busiest travel week of the year here in the u. S. 46 million or more either flying or driving to their destinations and aaa here believes it will still be crowded on the roadways or airways despite the alert from the state department that you just talked about. It will take extra time. Youll see added security at airports, longer lines potentially and well be dealing with the weather as travel continues so that could cause some delays from air travel. It could cause problems on the roadways as well. So best idea if youre going to travel this week make sure that you add a little extra time to your journey to deal with some of those potential issues. All right. Jay, thank you so much for your time really appreciate it. Okay when we come back well be talking a lot more about markets futures this morning pointing to a some what weaker start to the trading session. The s p 500 seen off by 7 and the nasdaq seen lower by roughly 16 points. Well be back in two. You cant predict the market. But through good times and bad. At t. Rowe price. Weve helped our investors stay confident for over 75 years. Call us or your advisor. T. Rowe price. Invest with confidence. Try align for a nonstop,ive sweettreatgoodness holdontoyourtiara, kindofday. Live 24 7 with 24 7 digestive support. Try align, the undisputed 1 ge recommended probiotic. Bob dylan. To improve my language skills, ive read all of your lyrics. Youve read all of my lyrics . I can read 800 million pages per second. Thats fast. My Analysis Shows your major themes are that time passes. And love fades. That sounds about right. I have never known love. Maybe we should write a song together. I can sing. You can sing . Do be bop. Be bop do. Do be do be do. Do do do be do. Welcome back. Lets remind you of the headlines. A Russian Military jet is taken down by Turkish Forces near the Syrian Border. A Worldwide Travel alert is sued due to increased terrorist threats and activist investors, icahn is the biggest shareholder in xerox while ackman buys more valeant. Lets give you a run down of what to watch this trading day. The second estimate is out at 8 30 a. M. Eastern. Growth is expected to be revised upward from 1. 5 to 2. 1 . Reflecting a smaller drop from inventories to smaller Consumer Spending than previously thought. We get the home price index which is expected to show prices for more than 5 in the month of december. At 10 00 a. M. November Consumer Confidence is out. Results before the opening bell. Hp posting its fine set of results as a loan company. Fed chair janet yellen is arguing a cautious approach with an unusual response with ralph nader. She repeated that the central bank should only raise rates gradually. He asked her to consider humble savers frustrated with the feds low rates and dramatic debate on whether to move higher. He suggested that yellen consult her husband about what to do. In her response, yellen did not mention her husband or naders sus swr suggestion. Thank you for coming in. We saw volumes thinning out in yesterdays trading session were a little bit lower. This week we have to disreforward given that its the holiday short week. How do you want to be positioned going into the final month of the year . Constructive on the u. S. Equity market. If you look at the big picture from our perspective the u. S. Consumer is healthier. Basically the less am of debt theyve had in ten years per household. The banks have completely recapitalized. Theyre great Balance Sheets and they have come through a very tough period from a regulatory standpoint and now what youre looking at is average valuations. 15 times forward earnings for the s p 500 versus 16 times the last 20 years. So overall with growth bouncing around 2 to 4 , stocks, average valuations, consumers are healthier, were constructive. But havent markets already bounced back enough. October is very strong. Well have a couple of weeks of weakness but last week the best week for the whole year for the s p 500 and the uncertainty of what the fed does in december. Isnt it easier to sit on the sidelines for the final month of the year . Were still around the 0 to 5 return for the year. Its not the longterm return is closer to 10 . We they on average, were not trying to time the mark, were longer term investors but we do think that the u. S. Economy continues to be strong. Its the only developed economy that has surpassed its precrisis peak of gdp versus other economies still struggling from the financial crisis. So the u. S. To us looks strong. Are you not concerned about the narrow leadership were seeing in the s p for example . Youre looking at alphabet, amazon, one stock that you particularly like. Facebooks. I mean, without the stocks, the s p would be negative for this year. It is very interesting. We actual dhly do have positionn both. All three of those. Amazon is a stock we owned for over 12 years. These are companies gaining market share. Were trying to find Great Companies gaining market share from other companies and buy them at the right price. Were trying to buy good businesses at 70 cents on the dollar and these are companies that to us are going to continue to compound in value because theyre gaining market share. In that sense theyre special situations because theyre innovators and as you say theyre disrupting and you can own them because of that. What about the plays on the u. S. Economy . Housing or banking sectors . Are you positive on those as well . Or is it only the stock specifics like amazon that you like . We do like the large u. S. Banks. Were overweight bank of america, jp morgan, goldman sachs, morgan stanley. We do think that with Interest Rates set to be rising these banks are now great Balance Sheets and theyre positioned for a better u. S. Economy and the housing market. So if you look at the big picture on the housing side, the longterm average for household formation has been 1. 5 million. Right now were bouncing around 1 million. So we do think that we work our way back toward this longterm average. The u. S. Housing market is a major driver for the economy. Whats going to be the big trends going into 2016 . Still monetary policies and weakness in the energy space. What are you looking at . Were focussing on companies that are allocating capital and looking to buy good businesses at the right price. But basically what were focussing on is housing. Continuing to remain relatively strong. Banks recovering. Thank you for your time. Just want to bring you some breaking news on the back of the downing of a russian jet by turkish fighter jet near the border of syria. A kremlin spokesman called the downing of the russian war plane in syria a very serious incident but says it is too early to draw conclusions. Still to come on the show, brussels remains on lock down and World Leaders are divided on how to tackle isis, our next guest says theres no time to spare for political indecision. Tune in as we speak to best selling author. Its easy to buy insurance and forget about it. But the more you learn about your coverage, the more gaps you might find. Like how you thought you were covered for all this. When youre really only covered for this. Hot dog . Or how you may think youre covered for this. But not for this. Whoa no, no, oh , oh . Or this. Or this. Or that. Talk to farmers and see what gaps could be hiding in your coverage. My heaven we are farmers bum pa dum. Bum bum bum bum president obama is expected to meet with his french counter part later today in washington d. C. To discuss the fight on isis. Lets get a preview from nbcs tracie potts with more on that. Good morning, a coup of things the white house tells us theyre going to talk about and top that with the russian jet being shot down by turkey in this whole fight against isis just goes to show how countries that are all against isis are on very different sides when it comes to the situation in syria. So with that happening just hours before this meeting, the white house has told us they will also talk about how the u. S. Is supporting france in its air strikes which we have seen more of just this morning against isis. Europeans sharing more information and intelligence. Thats been a problem and its something that analysts believe may have lead to what happened in the paris attacks. The fact that European Countries were not as effective as they could have been in sharing intelligence. And then of course finally and this is sort of the big elephant in the room, the military strikes against isis from the air and whether or not thats going to be enough. Which country is willing to put boots on the ground . President obama has been reluctant but without that many experts and many here on capitol hill think this is a fight that we may not be able to win. Tracy, thank you so much for that. So Public Opinion of course continues to be divided over how best to tackle the threat of isis. And were now joined by the rabbi who is a tv personality. Has 30 books including the upcoming israel warriors handbook. Very good to have you with us. Thank you very much for joining us. Now forgive me for doing this but a bit of context. You have been quite a vocal critic of president obamas Foreign Policy throughout his term as president on a number of issues but how do you gauge his response to the recent terror attacks . Were wondering whether he is focused on reality. When the president says that isis is contained and brussels is shutdown and kids cant go to school and theres scores of dead people all over farris an thats considered a set back. Thats a catastrophe and theyre winning and spreading their tentacles throughout the world. We have to take this very seriously. One of the reasons im a critic of the obama Foreign Policy. You have to be motivated by a hatred of evil to understand that monsters cannot take over the world. Whether we put boots on the ground or no fly zone or stop their funding, you have to make this a global every but theyre not the Junior Varsity team, they are a serious threat and they are making people afraid around the world. They are diminishing our quality of life. When youre afraid to go buy groceries then your life has changed. But im sure that president obama is aware of the level of global threat that they pose. Surely what has been highlighted as well by events this morning that to get a really lasting resolution to this issue we do need that International Political diplomatic response and thats hard to get. That doesnt come overnight and we are only 10 or 12 days on from this tragedy. So what more could he have done in the last 12 days that you vn seen yet. Surely these things take time. You said we need an International Diplomatic response. Right now we need International Military response. Many of us americans people that the administrations approach to Foreign Policy has been dont do stupid stuff. Dont make mistakes. Dont make military mistakes. He defines himself in contradiction to the Bush Administration that had failed invasion. But almost no one believes that isis can be removed without boots on the ground. No one wants to see american boys die in another middle east war. No one wants to see british men or european men and women risk their lives but what choice do we have right now. There is a war. So either your going to send your military to fight it or have your civilians fight it. Its insane that civilians are fighting this war. You have an army for a reason. Its to ensure that civilians dont get blown up and its not much more complicated than that. If 12 days have passed by since paris i think the response has been almost mediocre. What prevents a worse response or worse outcome down the line coming out . You could argue one of the outcomes of the iraq war and lack of planning with what you do on the other side of it has been to allow the rise of isis. Clearly you don want another mistake like that and theres total division internationally as