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Cashin: Markets not intimidated by Paris terror

Art Cashin, UBS' director of floor operations at the New York Stock Exchange, told CNBC's "Squawk on the Street" on Friday, that what happened in Paris did not shake the markets.

"The market is not intimated and not terrified of a bigger spill-out," he said. "They see it as an awful thing but hopefully an isolated event that is not going to move over into other areas."

Cashin also spoke about wholesale inventory numbers that came in Friday and beat analyst expectations with a gain of 0.8 percent.

"It's going to give you a bump in the GDP but you're not going to get the residual benefits, you're not seeing the sales, you're not seeing the money move through things."

Cashin added that the market is looking a bit more relaxed now after positive news about jobs growth in December and news that the Federal Reserve is not going to accelerate its timetable for raising interest rates.