Transcripts For CNBC Squawk On The Street 20171002

Motivation factors associated wh terrorism other than a person intending to cause mass casualty before we label with that, it will be a matter of process. No, we have not. No, we have not. We have not located any items within the room or his house at this point yes, maam it was a matter of normal practice whenever we use a dynamic entry. We have information he has been there since the 28th of september. So i have no idea whether he prevented house keepers from entering the room or not thats just a matter of continued investigation. Thank you very much. We will provide you an update probably in the next two hours thank you. That is joe lombardo, clark county shr rieriff. 50 dead, 400 injured after a gunman fired on people attending an outdoor Country Music festival the suspect is dead after being confronted by police is 64yearold Stephen Paddock. He killed himself. He was shooting from the 32nd floor of the mandalay resort and casino as jason aldean was on stage performing police say they have located his female roommate. Shes no longer considered a person of interest we will stay on top of the story. The premarket is green as is most of europe gui one of the mornings where we will not discuss a lot of what we thought we would because of this horrific event. We do have a statement from mgm who says that their hearts and prayers go out to those affected theyre working with Law Enforcement. We hope to get an update from the sheriff in a couple of hours, as he said. Yeah. Its tough to i was a homicide reporter. I think back, you would see these obviously, this is the most horrific i have ever seen theres really not much for us to i know were a news station. But i dont know what to add try to provide viewers with the facts as we get them dhs says theres no credible evidence of a specific threat at our public venues. The New York Stock Exchange will hold a moment of silence at 9 20 in about 15 minutes. When i was in jordan, i remember the country jordan we stayed at the four seasons nice hotel we were shocked everybody we did went through a metal detector. I remember speaking to the concierge. Our luggage goes through we go through. Were frisked. They said, this is the world that we have maybe its the world that we have joining us on the phone is a former new York City Police commissioner he is chairman of vigilant resources international. Its good to have you with us. Thanks for joining us. Sorry to be with you after such a tragedy im here to talk about whatever you like its a grim morning i guess first just take a moment to reflect on the heros that are the Las Vegas City Police and s. W. A. T. Teams who had to respond to, i assume, what is an almost impossible perimeter, trying to nail down where exactly the shooter was. Do you have reflections on that early this morning i do. I think they got there as quickly as they could possibly get there. The brave officers of Las Vegas Metro and Sheriffs Department out there do what police do every day. They run into gunfire to protect people fortunately, they mitigated this this guy could have been shooting again every one of these episodes has a different theme when it comes to security, impact and consequences it was schools at one point. Its been movie theaters its its largely going to be about low tells. How does Hotel Security need to change is it possible to prevent someone from taking aim at a crowd from a high van tatage pot its not just Hotel Security. Let me preface what im about to s say. I believe the number one right is to be free from harm. To do that in a civilized society, we need to maybe give up a little bit of our privacy i understand that this individual had posted things on social media we dont know where he purchased the gun. He probably purchased it legally in nevada or wherever he purchased it we need to do a number of things the police need to do more mining with intelligence analysts of social media we need to make people responsible for the weapons they own. Im not saying that we should do away with Second Amendment rights what im saying is for instance, we should have a required safety check every year of somebody who purchases a gun where they bring in their weapon. There should be a database for Police Departments and federal agencies of people who have been sex offenders, mentally disturbed. Before you can get a gun, these people have to be cleared in order to possess it. The nra will be against that until we start doing sane things about weapons possession, this is going to happen again thats going to be a challenge given the varying degrees of severity of gun laws in this country by state nevada, as i understand it, is a relatively liberal state when it comes to the ability to buy high powered weapons. Yes you can buy 100 weapons at a time if you want thats insane. I happen to be calling you from ireland. Over here, they think we are all nuts when it comes to the proliferation of weapons there are more weapons in the United States than there are people almost 99. 9 of the weapons that are used in the shootings are legally obtained we need to put some regulation on who can buy a gun and how you can possess it and what your responsibility is. We require that when you drive an automobile you have insurance in case you hurt somebody. There should be insurance required for possession of a weapon and for keeping a weapon. What happens all the time is these individuals say weapons were stolen, weapons were lost they get into the hands of individuals like this one. We have these tragedies. Theres been some statistics out this morning ten years ago the deadliest Mass Shootings in the history of the country had fatalities of 16, 21 and 23 now a decade later, the deadliest Mass Shootings have fatalities of 32, 49 and now this one at 50 and hopefully the number stays it does not go any higher what does that say about the evolution of weapons and the evolution of the availability of weapons . Hello hello. Yeah. Hello can you still hear me i can hear you fine can you hear me . Yes did you get my last question i missed it it was a point about the deadliest Mass Shootings a decade ago had fatalities of anywhere from 16 to 23 now the deadliest Mass Shootings, the top three have fatalities of 32 to 50 my question was, what does that say about the evolution of weapons in this country . It says we should have an assault weapon ban and we should not let people have automatic weapons. The technology when you think about this incident for an individual is 32 stories up on a balcony shooting down at 40,000 people, he doesnt have to take aim. With the number of rounds that come out at sometimes 100 rounds per second, were talking about an incredibly ridiculous way for us to let people have weapons. Jim cramer here always good to have you. I understand what you are saying but i kind of contrast that with what you said about ireland. They may think that were nuts is there really any chance that anything changes here . The Second Amendment is being used to be able to justify guns. The Supreme Court agrees with that i dont know why this changes anything the Supreme Court does agree with it. Im not suggesting people not have weapons im suggesting that we identify those who should not have weapons by using technology and by using good investigations and that when somebody possesses a weapon, they have to have some responsibility you need no license to have a weapon you dont have to report it until you care to if its lost or stolen or sold illegally. We need to have some regulations not that prevent people from having weapons i support weapons for sporting uses we need to have regulations that make you responsible if your weapon is gone, you have to explain to the authorities what happened to it, if you are mentally being treated for Mental Illness or you are a drug addict or you are on a sex offender list, we should absolutely have a requirement that people get that checked out before they get weapons. Right now in many, many states you just walk in and buy it. I was inartful in asking my question what i was saying is, i completely agree with what you said i just think our country is not set up the way you and i think it should be i just dont think that anything can change not because i dont think it shouldnt change but because our country is as you describe it. Let me give you an example. Before Rudy Giuliani and our administration came to new york, people were talking about it as a ratten apr enrotten apple. Nothing would change now its the safest large city in america you can change things. You just have to be willing to and politicians need to step up and not worry about who is criticizing them mr. Safir, we appreciate your time this morning. Obviously, a lot of this early debate about the control of weapons is familiar, unfortunately. Exactly we hope not to go through the same cycles over and over and over again thanks for your time good to be with you howard safir, former nyc police commissioner. He raises some good points. I think we have to be realistic about our country. Whether you like it or not, our country is a country that is not that receptive he is right about new york the toughest state toughest state to get a gun you gotta be realistic congress has not been willing do anything the Police Chiefs all wish they had. Theres not Law Enforcement wishes they had. Law enforcement has been doesnt have a strong constituency in congress no. As will be the case after this mass shooting and as after so many others, there probably will be what seems to be a relatively brief debate these days on gun control. As we are part of an urban area that has the strictest gun control laws in the country. We have one view as is so often on so many issues in this country, there is certainly a very different view in a lot of the other pars of the country. You heard from the commissioner there. Assault weapons and why they can be in the hands of people and military hardware is unclear to People Like Us i point out that not that we should ever i feel terrible with this. Whats jumping are the gun stocks because of belief that this as is often the case, the gun stocks react to the belief there will be a clamp down its why they go up. Its why they have been so weak since trump won. You will see that. Then they have always been stocks to sell after they go up. People say, how could you look at that . We are cnbc. Obviously, you are seeing the impact on companies that have to do with Live Entertainment in this case hotels. Mgm is down. We will stay on top of the latest developments surrounding the Las Vegas Shooting late they are morning, we will talk to mark hurd about the Cloud Strategy a lot to watch when it comes to spain and catalonia, tax reform, puerto rico, the president on north korea over the weekend its the first trading day of october. We will get more squawk on the street in a minute i think its terrific. Your kids go to college and you start trading. Yeah, 5 years already. 5 years, hmm. You ever call your broker for help . Once, when volatility spiked. And . By the time they got me an answer, it was too late. Td ameritrades elite service team can handle your toughest questions right away with volatility, its all about your risk distribution. Good to know. Thanks, mike. We got your back kate. Does he do that all the time . Oh yeah, sometimes he pops out of the couch. Help from real traders. Only with td ameritrade. The dow is up almost 5 for q 3. S p up the nasdaq up. We are going to take a short break here when we return, both the nasdaq and the nyc will hold a moment of silence for the victims and oong othlaves ga shti were back in a minute pha in re. Like agriculture to feed the world. And energy to fuel its growth. Real estate such as ecommerce warehouses. And private debt to finance transportation and infrastructure. Building blocks of strategies to pursue consistent returns over time from over 120 billion dollars in real assets. Partner with pgim. The Global Investment management businesses of prudential. So thats the idea. What do you think . Hate to play devils advocate but. I kind of feel like its a game changer. I wouldnt go that far. Are you there . Hes probably on mute. Yeah. Gary wont like it. Why . Because hes gary. phone ringing what . Keep going yeah. laughs voice on phone its not millennial enough. There are a lot of ways to say no. Thank you so much. Thank you so were doing it. Yes we got a yes start saying yes to your companys best ideas. Let us help with money and knowhow, so you can get business done. American express open. The nyc and nasdaq are about to observe a moment of silence paying respect to the victims of the shooting overnight in las vegas. A gunman killing at least 50, 200 wounded, 406 have been transported to hospitals in what is the worst mass shooting in u. S. History here is that moment of silence [ bell ringing ] finally. Hey ron theyre finally taking down that schwab billboard. Oh, not so fast, carl. Oh no. Schwab, again . Index investing for that low . Thats three times less than fidelity. And four times less than vanguard. Whats next, no minimums . No minimums. Schwab has lowered the cost of investing again. Introducing the lowest cost index funds in the industry with no minimums. I bet theyre calling about the schwab news. Schwab. A modern approach to wealth management. Excuse me, are you aware of whats happening right now . Were facing 20 billion security events every day. Ddos campaigns, ransomware, malware attacks. Actually, we just handled all the priority threats. You did that . We did that. Really. We analyzed millions of articles and reports. We can identify threats 50 faster. You can do that . We can do that. Then do that. Can we do that . We can do that. Back to the latest from las vegas where at least 50 people are dead and hundreds more injured. Nbcs jay gray is in las vegas and has the latest details in what is now the worst mass shooting in modern u. S. History. Jay . Yeah. What we know at this point is the strip or a good portion of it is still locked down. Theres still a very active investigation. You can hear officers right now on bullhorns trying to coordinate things with the street lockdown. We have been pushed two blocks from the strip at this point we have learned from police just recently that the gunman had at least ten weapons inside that hotel room at the time of the attack and apparently he was dead once they made entry, once they forced their way into the hotel room at the mandalay bay he had apparently taken his own life they have made contact with a woman they called a person of interest were learning within the last few minutes that she was out of the country at the time, was not involved in any way with the situation here police still at his home in mesquite, nevada investigating there as well as obviously in the hotel room here there are two vehicles that have been seized. Theyre a part of the investigation. Nbc news has talked with the brother of the suspect in this case, 64yearold Stephen Paddock. He said the family has no idea im quoting him here mars just fell into the earth. Were completely dumfounded. He was just a guy. They said he was semiretired, worked odd jobs and was known to frequent the casinos here. This all part of a picture unfolding after what you described as the worse mass shooting in u. S. History we will come back to you later this morning we appreciate your reporting all night long and all day today you bet theres no graceful way to pivot to what we would normally do we have to do our job. Market is about to open. The story from a business standpoint is about yield. Dollar coming off the best of the year one of the things i went over the charts this weekend obviously before this stuff. The strongest groups were the oils oil hits that level 52 where our Companies Sell in and sell and sell because they do need to raise capital in order to be able to fund the drilling budgets, which are up year over year i think you will see oil be repelled again its just been a constant theme when we get here on a stronger dollar . Yeah. Or on just on the capital programs for the Oil Companies are rather extraordinary. You just wouldnt believe that theyre going to drill as much but theyre going to and i think people are to recognize that the only real way to fund it is to sell oil in the futures market therefore, have enough money that you are not going to wreck your Balance Sheet we had that buyback which made people feel more comfortable i think it happens to be a little outlier just be aware of the groups that i think are most vulnerable coming in. I think oil could go back down last quarter of the year, of course, we are its also a new fiscal year for many, including the Mutual Fund Industry normally, you do sometimes see changes being made, people not wanting to carry over some of the same names september not a great month for hedge funds. Not sure what that will mean for october. Despite what were decent numbers in the market, it was a bad month overall for hedge funds. We will get the numbers. Thats anecdotal having a sense given what was not a great technology, telecom, media, some of the big names that henl fudg funds love to gather in got beat up. I went over the top 15 stocks for last quarter in the s p. I would tell you that the vast majority are companies that no one knew when i go over the strongest charts, i am kind i look at them and i say, who is buying manpower who knew to buy marvell . Companies that people gave up on people gave up on gap Stores People gave up on nrg when they cut the dividend people gave up on kors lam research makes equipment one of the things you are seeing is a cluster of companies that are not a lot of companies that do not benefit at all from washington they just happen to be companies that are along for the ride. I think a lot of people miss the discounters in the retail they miss regional banks its a its the northwest no name bull market honestly i say, maybe because i have spent so much time studying stocks, i know these stocks. I understand why united rentals, these are companies involving houston and florida. Were getting to know them better thats for sure. Based on some of the charts. By the way, its going to be a busy week, yellen on wednesday, jobs number on friday. October, despite its reputation, has been up three of the past four years i think whats happened is you see a lot of names go up that have been beaten down one that i think i have to focus on for a second is General Motors there is a sense General Motors is worth a great deal more than people realize because of its Autonomous Vehicle sales. My problem is that i find that to be a little bit more bullish than i feel. I point it out just because gm had been considered to be a company that was going to be hurt by it now suddenly people feel that gm they have done a good job. Its worth pointing out. I think a lot of people felt gm was going to be left out of the rally. Suddenly, its a leader. Opening bell, the big board down here ringing it at the nasdaq, medical diagnostic Company Hologic marking Breast Cancer awareness month. Brazil will open up its fields to drilling which people feel is terrific for our deep water oil drillers which have been strong. Remember, there are a lot of people who got bullish at 52 that seems to be the moment where the our companies cant resist chevron and exxon, the two early on the dow 30. You know what one of the things that was the continuing theme i mentioned, houston and florida. The best retailer turned out to be the one people have been shorting home depot, shorting it, betting somehow that the amazon tieup with sears was going to matter. The only thing that matters with sears is that kenmore has gone to black and decker and Morgan Stanley with a fabulous piece about upgrading of Stanley Black decker i think people are underestimating the storms its kind of like when you watch theres puerto rico was a terrible situation we dont even we dont know a lot about florida. We know home depot, the housing thesis came back, the auto thesis came back the auto, housing really fooled the hedge funds. The hedge funds, those have been the great bets of 2017 was to bet against housing and bet against auto they came roaring back you had the cover. There was no stopping it didnt want to come back to a story on friday. We got a deal. Im talking about disney many had been focused on a key negotiation and the possibility that Disney Networks would go dawn on cable vision and altice. Cable vision here in the new york metropolitan area they got an agreement in principal. Theyre hammering out a few Additional Details both sides sort of claiming victory as is often the case neither commenting on the intricacies of the deal itself disney sought double digit increases. It had been a belief for the like of espn altice will turn to shareholders and say we made a commitment to limit our programming costs to high single digit increases. When you give a weighted average, we will do that they feel as though i think the sense is that there was some money at least left on the table to a certain extent. At the same time disney for its part got minimum penetration numbers, got a lot of what it may have been asking for as well in terms of rates. So they both walk away positively this was not the battle perhaps that some had thought it would be in terms of defining how the changes in Consumer Behavior are going to impact the ability of a distributor to say no to a content provider that may come. Its interesting, guys, altice or comcasts box in the not too distance future are going to carry these ott platforms. You will be able to have Youtube Group of channels. You will have netflix already on some of the boxes. You will have directv now on some of the boxes. You will then be able to turn them on and off with a button. Choose to not have that overall package. When that day comes as it will shortly, these kinds of battles may change we thought there had been thought that given the ability right now of consumers to say im going to go to this package that includes espn or that one, that this might be the key battle it wasnt. Both sides walk away seemingly happy. Certainly, disney does. To me, ive been using research the whole way they came out with a positive view this was really the beginning of what may be a different discussion about disney that disney might be in a trough i dont want to overstate the bullish case i think this was i regard this as a win for disney i dont think you will be alone in that belief dont forget, if and when those battles do come and theres an ability more of the distributor to say were turning you off because people on our box can go for an ott platform, disney itself is going to have a direct consumer offering out there by 2019 or at some point during 2019 do you think people arent giving them enough credit on what could be a very good product . Listen, this is changing so quickly. Theres a reason we follow it closely. Some thought going into this weekend would altice say no . Could they say no . Would this be the definitive battle where people push back against the incredible sports rights that espn and others have led . No it wasnt. I wanted to ask you about nordstrom in the takeover world. Theres an article in the New York Post about them not being able to raise the money. What i would say is i had a really fabulous interview with the Pennsylvania Real Estate Investment Trust they are philadelphians. It just i came away from it feeling that the anchor mall, the anchor store of a mall is really under fire. The good ones and the bad ones, frankly. They are talking about david busters, escape routes being used i started feeling that it wasnt just sears this morning jp morgan has a piece out about macys, its not going away the september traffic was the weakest in ages. Therefore, made me feel that nordstrom was a dicier deal. I havent done a great deal of reporting our own dotcom talked about the potential for the deal the special committee that was set up by nordstrom to receive this potential bid from its largest shareholder the family, has received nothing they were i think of a belief they would get something a couple weeks ago it got pushed back it got pushed back thats where things stand. We will know almost immediately because they will have to change to 13d right we have nothing that special committee is still waiting. As of last week when i checked, thought it might be at least another week or so this is the New York Post story. We will see if its true keeping an eye on mgm and live nation. We got record highs on the three maj major indices. Good morning. Here is what we know a gunman opened fire at a Music Festival on the Las Vegas Strip at about 10 00 p. M. Local time last night at least 50 people are dead. More than 400 have been hospitalized that makes it the deadliest mass shooting in u. S. Had is try. The gunfire erupted at the route 91 harvest Music Festival while jason aldean was on stage just after 10 00 p. M. Local time last night. The suspect is Stephen Paddock, shooting from the 32nd floor of the Mandalay Bay Hotel the clark county shr riff says the suspect who was a resident of mesquite, nevada, killed himself before police entered his hotel room several other weapons were found inside his room. Here is what the sheriff had to say about the suspects criminal history. We have no information or background soassociated with ths individual thats derogatory the only thing we can tell is he receive ad a citation several years ago. It was handled as a matter of normal practice in the court system the sheriff also saying the event is not believed to be connected to international terrorism. Its a still developing story that we will update you all through the trading day today. Back to you. Sue, thank you very much. Lets get to bob on the floor and see whats moving. Good morning. Difficult day for everyone down here tough to talk about the stock market with the events in las vegas. Lets give you some highlights about whats going on, nonetheless, thats our job. Start over in europe theres weakness were seeing in some of the spanish stocks you know about the events in cat lo catalonia. Most of the spanish names are to the down side. The spanish market is down about 2 right now here in the United States, sectors that are weak, well, interesting weakness in energy because oil is back down towards 50. That was a real market leader. Biotech is back. Materials and semiconductor is strong these are market leaders we saw in the month of september. Its a tough situation to talk about gaming stocks with whats going on we want to show you that most of the gaming names are down roughly 2 , including mgm, but also Las Vegas Sands and wynn. October were going into very difficult month its been characterized several different ways we see here is the momentum leaders in september lets talk about that for a minute boeing, bank of america, apple, jp morgan, nvidia, very strong throughout the month apple has had a tough time, the only one of the big momentum leaders. Momentum is a big story here in terms of whats been going on. Look at whats been happening here in terms of the situation for the month of october and where were going for the month of act its a very difficult month because overall here you see the markets with breadth broadening and reflags trade going on we have had a rally in different groups, small caps, machinery, transports, banks and Energy Stocks have done very well the risks, everyone knows are north korea and the possibility of the fed may be overly aggressive most people dont feel thats going to happen. October in terms of where were going, its been a tough month because there have been two faces for it its generally considered a jinx months its a jinx month but ends many bear markets markets turned around several times. Look at all these numbers where the market has turned around from a bear market into a bull market we had an almost 20 decline in the market during the euro crisis its very difficult to characterize october accurately. The key point is that it can go either way for us. Obviously, north korea will matter a lot i think right now as you stay with the momentum names, big momentum names we have seen big etfs out there that are moan itmentum names thr hitting historic highs. Were getting word from the wli white house the president canceled remarks to a summit on deregulation and will make a statement at 10 30 a. M. Regarding the Las Vegas Shooting good morning. If you talk a step back to dollar and Interest Rates have been moving higher it has been a relatively ordinarily process the progress isnt as big on the dollar index if you go back to july 1, you get a good view. If you look at our tenyear, we are moving back into areas even though its moving higher, its not doing it in a very aggressive fashion theres all types of crosscountry spreading going on, especially after most recent headline that quantitative easing by the ecb may be smaller but it might last longer. Talian moving higher in yields as spread trade, of course, is balancing the less quality sovereign against the benchmark quality sof evereign. Dollar index having a good day, around 93 1 2. If you open the chart up to about the third week in august, thats the last time we closed here if you start a whole Third Quarter chart start this on the 30th of june you will see in the first few days of july, we were 96. 30. We are at 93. 50. Still a lot of ground to make up finally, if we continue to monitor what is going on with the dollar index, maybe the most important level to Pay Attention to is the 94 area. Back to you. Rick, thank you very much when we return, oracles ceo mark hurd joins us live from the companys open world event we did get record highs on the dow, s p and nasdaq. Were watching developments in las vegas. Were back after a short break can we at least analyze can we push the offer online . Legacy technology can handcuff any company. But yes is here. The new app will go live monday . Yeah. With hewlettpackard enterprise, were transforming the way we work. With the right mix of hybrid it, everything computes. At least 50 dead in las vegas after what is now the worst mass shooting in u. S. History. The president is set to deliver a statement at 10 30 a. M. Eastern time from the white house today. Were joined this morning by former fbi special agent harold copus. Thanks for your time thank you, sir. Learning a little bit more about the gunman at this hour. 64 years old it appears no criminal record of note other than a citation that the Clark County Sheriff said was handled as a matter of routine in the court system a few years ago. Some reports he had as many as ten plus rifles. Does this fit into any wellknown profile i dont think so. I think everything you are talking about is rather unusual right now. To go deeper in that though, this companion is going to have to be interviewed along with neighbors, relatives, associates what you have do is you have to rebuild this guys history and see what caused him to do such a horrific act. Does it strike you that that social media will be a deep well on this one . Impossible to know i guess at this point its reallyimpossible i havent tried looking for it what will happen is that there are many things going on in the background one of which will be traditionally now a social media search to see what kind of postings or the guy has been doing. Obviously in the search, they are going to seize his computers. They want to do a deep search in that to see what he is maybe looking at who knows where this guy is coming from. Jim cramer. Thanks for being with us sometimes i guess theres just no ability whatsoever to spot someone before they do something horrific like this right . Thats correct. If we had that ability, my gosh, we wouldnt have any incidents but so we dont, so now you have to go with Something Like this, keep your life moving and then take certain steps to say that what can we do to preclude it. How did this guy get ten or 11 weapons in a hotel room . Thats simple. No one checks luggage. A lot of work has to be done i know in other countries they just in order to check in, you have to screen everything could we be because of one shooter in a world where any situation where theres a huge number of people like mandalay bay that you have to run everything through systems like its an airport . Well, thats certainly one thing you could look at. Quite frankly, that sounds like a major undertaking. Most of us would have no problem with checking your luggage but then others might. You will see people running the flag up about were losing freedoms and things of this nature which you have lost that when you go to an airport i dont see it makes much difference in a hotel. It seems like now it would make a lot of sense thats going to be that would be a big evolution to screen your bags every time you checked into a hotel a lot of our viewers say when you get down to it, if its not a gun, its a truck thats being rammed into a crowd. We live and breathe around environments where there are buildings and open spaces and public venues and high vantage targets. Its almost impossible to really police in any consistent way it certainly is coming from this though, i can assure you that the Police Departments across the country and Hotel Security officers or directors are now going to have to start making new changes. I bet you one of the things will happen is that now if you have an outdoor venue and you have highrise buildings, that Police Officers will be posted on the roof if its a lowrise then they have capability of having a device where it elevates them above the crowd. Hotel security though has to make thats a concern right now. I will tell you why. This guy has been in this room for four or five days. Youve got 10 or 11 weapons. Those are obviously noticeable what did he do to keep the cleaning people, the maids from not noticing that . If he denied entry, that automatically is sent to Hotel Security they will come up and knock on your door to see if everything is okay. Theres something wrong here im not trying to put the blame out to anybody but theres some work that Hotel Security is going to have to do to say were not going to allow this to happen again indeed. They may well over time want to know more about who is staying on property. We will see the degree to which that affects peoples willingness to check in. Thank you very much. Former fbi special agent joining us on the phone. Dow is up 60 your point about to pivot to stocks quickly, your point about gm earlier, gm is about to take out the 2013 high. I think gm came in as being one of the lowest stocks of the year i think people are saying, wait a second, this is not the gm we thought it was its adopting quickly. One of the biggest winners this quarter was a lithium battery company. Electric car, Autonomous Vehicle big theme. People believe it and say, lets buy. Watch gm today as we were back in just a moment. Directv has been rated 1 in Customer Satisfaction over cable for 17 years running. But some people still like cable. Just like some people like banging their head on a low ceiling. Drinking spoiled milk. Camping in poison ivy. Getting a papercut. And having their arm trapped in a vending machine. But for everyone else, theres directv. For 1 rated Customer Satisfaction over cable switch to directv. Call 1800directv. Whats on mad tonight . I was all fired up yesterday going over stuff obviously, you dont feel it a Company Changed the board last week were going to give it all we got. That will do it. We appreciate that. See you tonight on mad money 6 00 p. M. Eastern time when we come back, the president is set to deliver a statement on the shooting in las vegas at 10 30asrn ete time. We will bring it to you live from the white house dont go away. Hi, im the internet you know whats difficult . Adulting. Hi, guys. Im back. Time to slay no,i have a long time girlfriend. You know whats easy . Building your website with godaddy. Get your domain today and get a free trial of gocentral. Build a better website in under an hour. Of emerging markets obsolete . At pgim, we see alpa in the trends, driving specific sectors of out performance. Where a rising middle class powers a booming auto industry. A leap into the digital era draws youthful populations to mobile banking and ecommerce. Trade and travel surge between emerging markets. Everyday our 1,100 investment professionals around the world search out opportunities for alpha. Partner with pgim, the Global Investment management businesses of prudential. Welcome back to squawk on the street breaking news, we have september construction spending. We have have a tenth more, up five tenths. Last month, we doubled down, down six tenths, changed to minus 1. 2. Lets move to more contemporary data point, ism. Chicago was strong this is a september number here it is it is 60. 8 much stronger than the 58 we were looking for it follows 58. 8 unrevised. 60. 8 is a really lofty number. I have to go back quite a ways to find a better number. Quite a ways back. Looks like 61. 4 is our comp. That may be the highest read super strong ism now we see that the tenyear note yields moved up along with others at 233. We want to pay close attention as yields and the dollar seem to be responding aggressively to the data points just described back to you. Rick, thank you very much good monday morning. Welcome back to squawk on the street markets responding to a lot of that along with the dollar and yields today dow is up 70 points. Got the tenyear yield, highest since july oil is backing up almost 3 . We are going to begin with breaking news, the gunman opening fire at a Music Festival on the vegas strip more than 50 people are dead, hundreds more are injured. Its now the worst mass shooting in modern u. S. History sue is back at hq with the latest good morning. Here is what we know the fbi is now assisting clark county officials in the investigation of that shooting here is what we know the suspect is 64yearold local resident Stephen Paddock he killed himself before police burst into the Mandalay Resort Hotel room where he was staying. He had targeted an outdoor concert just below on the Las Vegas Strip featuring the Country Singer jason aldean. More than 20,000 people were estimated to be at that concert. Police say he had no known affiliations with any militant groups there was not anything unusual in his background to indicate he would commit this kind of crime. President trump expressed sympathy for the victims and their families he is expected to speak on the incident in less than 30 minutes. As we mentioned, at least 50 people are known to be dead in the shooting more than 400 were transported to local hospitals most of the hotels on the Las Vegas Strip as the sun is coming remain on lockdown we will await the president s comments and we will get you the latest in the next half hour back to you. Sue, thanks so much. Joining us this morning to talk about it is the former assistant Homeland Security secretary, now ceo of converge enter risk group and domestic terrorism and active shooter prevent founder its good to have you with us. This morning, we have had what is now the routine discussions of what screenings need to happen if you want to buy a firearm in this country. This has the added wrinkle of how Hotel Security needs to change, whether bags should be screened what strikes you as important at this early stage good morning. Let me just say that, my thoughts and prayers are with the families and victims this is always a difficult situation to discussion, especially as its Going Forward. The information is changing so quickly. Directly to your point, theres opportunity here for engagement with the Hotel Security staff. People on the ground, the maids, bell hops, the folks who work inside the Hotel Environment are critical for the eyes and ears to identify things that could be out of place they need to report those things as quickly as they can so they can be reported back to the police through the security apparatus. We have seen this at 9 11. Shortly after 9 11, investigators went to the hotels where the hijackers staged out of they found a treasurer trove of information not in the hotel but in the dumpsters the hotel staff took the information and threw it away. Then they lost that Vital Information that potentially could have gone to the police before that event took place this is clearly an opportunity for engagement chris, you agree . Have you seen hotels used in this way is there room for them to respond . I dont think so. I agree with bob theres ways to improve obviously. We will learn hard lessons Going Forward. I think the number one thing we need to start thinking about is prevention is really the most prominent action to take instead of response. We keep talking about what the First Responders do. We need to talk about first prevention see something, Say Something its important if somebody recognizes something, 80 to 90 of the incidents, these addrepee give how do you prevent Something Like this . A shooting from the 32rd floor down into an open air concert of thousands and thousands of people how do you contemplate that . Right thats agreat question its not a matter of actually preventing it. Its more a matter of mind set of what am i going to do when i get there, having a plan before i go does any family know what to do . More importantly, to the individual that would commit Something Like this, i understand a lot of people will dismiss him as disturbed, but i think you have to look deeper than that, maybe beyond being disturbed factor and did he have any outward aggressive behavior at the hotel did he act like a model patron or suspicious . Did staff i understand he had been in his room several days before the shooting occurred why didnt staff go in and see him . I am not blaming any hotel people my heart is with the survivors, victims, families, First Responders this is going to be horrific Going Forward. We need to look at ways to improve Going Forward. You asked how do do you that you look at behavioral recognition. In terms of the outdoor venue here, the viability of outdoor entertainment, for a while the concerns were an enclosed space where people could not exit quickly, movie theater, concert hall here we have a situation where it wasnt about egress, it was the sheer scale of the size of the space. How do you mitigate that risk . I mean, you point out its very difficult to do you are not going to prevent these from occurring as chris points out, theres a series of things that lead up to these incidents that become observable that can be reported back were not going to check every venue. Then there are things we can do to potentially funnel down where an event might take place that we could put more resources around the hotel venue that was used as the shooting point, overlooking the concert, obviously, there was planning that went into that he had to ask for a specific room on that side of the hotel im not aware of all the details yet. If in fact he was there for a couple of days, folks might have seen certain things in the room that they might have thought were out of place that they should have reported when you look at the entire venue structure, its going to be very difficult to protect these things perhaps we look at more metal detectors going into hotels, more behavioral analysis, more opportunities for technology to potentially overlay with physical security and personnel security practices not just hotels and venues such as this have a responsibility but security is no longer an option it hasnt been for some time las vegas is a city thats got some tremendous Great Security practices in place. Hotels stepped up what theyre doing. Obviously, a review will take place to see what might have been able to have been put in place to identify or detect this event from occurring were never going to stop them all. Thats a live shot of the window where the gunman had staged you can see the glass had been blown out by him there had been some reports this morning that police were able to isolate the room he was in by the smoke alarms that were set off by the smoke from his weapons. Yeah. Thats a great point that bob made about security behind the eight ball as far as Going Forward. Technology is right there at the forefront. We need to take care of that there are applications out there im not going to plug any of them because i dont know any specifically they have written books with no proceeds my heart is dedicated to this. Ive been in the middle of an active shooter its not the right place to be or a fun place to be the Police Response was incredible to isolate the shooter down from the smoke detectors was an incredible efficient way to do that the way they made entry. They call it positive entry for a reason a lot of people use inflammatory words like explosive or dynamic entry. The truth is its positive you are positively getting in. It has to be conducted correctly with the right training. It looks like Las Vegas Metro had everything together. What an exceptional job. My heart is with them as well. They have never seen anything like this either nor has the nation its eerie to watch the sun come up in las vegas and shine its light on that golden tower which soars above the southern strip, if you are not familiar with the Las Vegas Strip its four miles long mandalay bay is on one side of it it appears the biggest question right now is the motive. How are investigators determining that how long does that take . It may take quite a long time they will find out as they conduct the investigation, the will go to his house they will talk to family members, to friends, anybody who is associated with him at the workplace. You begin to develop a compos e composite. The behavioral aspect of what motivated mass shooters. You find out in situations like this where theres no direct link to terrorism, theres some event in their life that triggered it, whether a divorce, or custody battle or a financial issue. There are things that in a persons background that in retrospect become the trigger point. You can never use that as a prediction Going Forward i hate to speculate. These things are so Fast Breaking theres so much information being gathered we may find out that there was some network connection. You are never sure until you get all the information. So far, authorities if i could chime in chris, go ahead i was just going to say, on that factor, what were going to do is look back as we have done in almost every one of these one of the interests in many of my speeches is not again so many people come forward after the incidents. They break down how it happened. They say, we should have seen this coming because its one of those factors that had been previously mentioned if you see someone out there and you know someone is in crisis or you think somebody could be in crisis, its a good idea to give someone a call everybody has been in the position should i Say Something or should i not . Its not a question of should i its just how do i that requires a big mind set change from as you say, chris, the public thats also a massive retraining effort on the part of the hotels and any company that stages entertainment of any kind inside or outside. Right we have to be able to shift our paradigm we have since 2007 a National Standard i even helped with that powerpoint in houston from the dallas area as a contributor what i will say is writing my masters thesis i found the majority of people that end up hiding, like in the 50s in classrooms, we were hiding under our desks as children. We were trained for fallout. Were no longer looking at fallout. Were looking at fall in if you were to be told that there was, god forbid, an explosive defivice where you wo, you would exit part of the retraining, if you will, or rethink if you will should be get up, get out. Some things that the police can do no one has a good idea theres been several ideas put forward. Create routes of escape. Create routes of evacuation. Create evacuation routes before the event. We need to i understand we need to balance entertainment with being uncomfortably in line for two hours before you go in somewhere. What you need to do is you a holistic approach. A complete shift of how do we look at these things as a spectator and Law Enforcement and become the preventers, not the responders too many times were responding to tragedy were talking about it afterwards and saying, we should have seen this in a couple daze yys you will hr someone it is what it is. Theres going to be somebody saying we saw it coming. We didnt know it was going to be this bad. I mean, thats while the incident is occurring. We have to think forward what do companies have to do to ensure a safe environment . This is about getting the right level of engagement for public events, for folks who have customer and outside contact this has to be something which is baked into their thinking Going Forward. Are they asking the right questions about security im not asking them to become Security Experts they have a big responsibility to the customers and clients for whose safety they are responsible. Theres the bigger financial picture. This is not about finances the incentive for the private sector to be engaged Going Forward when theres no active shooter incident ongoing and this will quickly forget about this regrettably this is a historically they go up in spikes we remember for a few days then the next event occurs Corporate Responsibility is to find out how they can put in programs that are Going Forward going to respond to these issues before they occur. Thats where we can make Real Progress regrettably, everything is postmortem,looking at what happened there are ways we can engage bob, thank you for your time. And to chris as well thank you. Thank you very much thank u. We are waiting President Trump, set to speak on Las Vegas Shooting within the hour were expecting that around 10 30 a. M. Eastern time. More on the administrations respon response good morning. The president will make those remarks in 15 minutes time from the diplomatic room here at white house. Addressing the nation on what we know is the deadliest mass shooting in modern u. S. History. Here at white house, there was a routine huddle this morning by u. S. Secret service outside the gates. There does not appear to be a noticeable increase in security presence here on site. There have been several changes to the president s schedule today. He will no longer be participating in an event to tout the administrations deregulation of various rules and federal laws that are affecting u. S. Companies the vicepresident and various agencies we are told will still participate in that. According to an updated schedule from the white house, theres expected to be a bilateral meeting and luncheon with the Prime Minister of thailand as well as several state governors and a dinner with lawmakers this evening. When the president awoke this morning to this news overnight, receive aid brid a briefing froa john kelly, he tweeted this around 7 00 a. M. My warmest condolences and sympathies to the victims and families of the terrible Las Vegas Shooting the president has been continued to be briefed throughout the day by not only general kelly but also the department of Homeland Security which is also coordinating the relief efforts for Hurricane Maria down in puerto rico where the president still plans to travel tomorrow to survey that damage on site. According to a statement from the acting secretary of dhs, elaine duke, the department is closely monitoring the situation and working with our federal, state and local partners in responding to and investigating this tragedy she says we have no information to indicate a specific credible threat involving other public venues in the country. However, increased security in and around Public Places and events may be experienced. Many of our viewers are probably experiencing that at various places across the country. We will await the president s remarks on this issue in a few minutes time back to you. Increased police presencein the new york subway this morning. Thank you. When we come back, we will continue our coverage of the mass shooting in las vegas now the worst in u. S. History. We continue to await answers we have a live shot for you where the president is set to give remarks at 10 30 a. M. Eastern time we will bring it to you as soon as it bens squawk on street will be right back hey youve gotta see this. Cmon. No. Alright, see you down there. Mmm, fine. Okay, what do we got . Okay, watch this. Do the thing we talked about. What do we say . Its going to be great. Watch. Remember what we were just saying . Go irish see that . Yes im gonna just go back to doing what i was doing. Find your awesome with the xfinity x1 voice remote. Stocks opened in the green this morning the dow, s p and nasdaq hitting record highs on this first trading of the fourth quarter. The dow and s p coming off their eighth consecutive quarterly gain lets bring in jeff klinetop and charles berbinskoy jeff, its so odd to see the market in this type of mood while were following these troubling developments out of las vegas. I know theres not necessarily a direct link. When you have things like this that the worse mass shooting in america, isnt there an economic affect, a psychological impact, whether its going out to restaurants or retail or concerts is there a Bigger Picture here you know, we have not seen in the past that theres been an impact on Consumer Spending or tourism activity certainly, if you string a number of events together in a short amount of time, its conceivable that people would begin to think differently about their behaviors. Its not yet happened. Its much like the prior segment you had where you talk about businesses they quickly move on and forget these tragedies. We have not yet seen that kind of an impact, not here, not in asia, not in europe. Not even in many emerging markets where violence is more common i dont think there will be much economic fallout from this tragedy. Lets monitor the Economic Data that we are getting we got a blockbuster manufacturing report at the top of the hour. I think the best rick told us in 11 years we will get more data this week. Durable goods, jobs friday how messy is the data because of Hurricane Harvey and irma and maybe maria . What kind of picture does it tell about the economy should you trust that data i will argue the data has been relatively unmessy. Its been relatively consistently strong. The u. S. Economy is strong were getting close to 3 numbers that everybody said was impossible to achieve. We have pretty decent retail sales. Good Consumer Confidence numbers. We have good unemployment numbers. I think the data is pretty consistent this is difficult because when so many people in our country are struggling and not doing so well, we cant miss the underlying fact that the economy is pretty strong does that set us up for another quarterly gain, jeff, going into the end of the year it might. You mentioned did you say eight quarters in a row . For the dow and s p wow for the global stock market, were 11 months in a row of straight gains that ties the all time record. Its an important month for earnings to deliver. Its important the big question may actually be inflation. The fed and other Central Banks are preparing for tighter labor markets leading to higher wages and inflation. We need to start to see some of that to justify some of the actions. I think we will. Theres a lot riding on that certainly, too aggressive on the Monetary Policy front could end bull markets it has done so in the past charles, when you look at what yields have done since late last week, even on some headlines about whether the president met with others. You see the dollar you got tax reform literally on the table. If this is what yields are doing on those headlines, what happens to yields once we see 10 billion a month . I think thats exactly right. A lot of us have been wrong who have been predicting Interest Rates would go up in the past. I really do think that that is the trade that is going to happen its going to be more inflation. With these deficits, with the incredibly dovish Federal Reserve bank and Central Banks around the world, we have a lot of things lined up for more inflation. When that comes, not everything goes up. Yield sensitive stocks, the bond substitutes do poorly. The industrial companies, material companies, Cyclical Companies do better. That is a trend were going to start to see i have been calling it for a while, but i think its going to happen now you like the banks on that view, jeff i do. I think this revival in inflation that were anticipating here over the course of the next year is a big plus for them. Loan demand picking up also a big positive i think financials not traditionally thought of cyclical but are tied to the credit cycle higher Interest Rates a big plus there. Every conversation that i had this weekend, besides being about puerto rico, was a question about tax reform. People asking, do i think its going to happen, is there a real chance, what is it going to mean for me what do you tell your clients about that well, that its going to be more mixed they are gives and takes its better for Small Cap Companies that pay lower rates a lot of Big International companies are already paying in the low 20s, sometimes in the high 15s it depends i hate to say on the one hand and on the other but in this case, thats the right answer the one fact is it its going to improve the ability of companies to bring back cash those companies are probably going to use that to pay dividends, to buy back stock you will see a lot of money move from overseas to the u. S could be the next catalyst. As we look at it, another day of triple record highs. Thank you for joining us we are awaiting the president. He is set to speak just a few moments from now on the shooting in las vegas when he begins to speak, of course, we will take that live dot ay. P 62 points. Ngowa farm to table on a blockchain,m helping keep shoppers safe. This is a financial Transaction Secure from hacks and threats others cant see. This is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. This is not the cloud you know. This is the ibm cloud. The ibm cloud is the cloud for business. Yours. Good morning here is the latest on the Las Vegas Shooting what we know at this hour is that at least 50 people are dead more than 400 have been hospitalized after a gunman opened fire at a Music Festival on the Las Vegas Strip at about 10 00 p. M. Local time last night. Its the deadliest mass shooting in u. S. History. The gunfire erupted at the route 91 harvest music vefestival the suspect has been identified as 64yearold Stephen Paddock he was shooting from the 32nd floor of the Mandalay Bay Hotel. Concertgoers wandered the streets afterwards the Clark County Sheriff says the suspect killed himself before police entered his hotel room he fired multiple rounds into more than 22,000 people attending the concert. We believe the individual killed himself prior to our entry. We are still going through the search warrant actively at this time its in excess of ten rifles hospitals in the area say there is an urgent need for blood donations because of the high number of casualties. We are also awaiting the president s comments in a few moments. We are hearing now that they are going to lower the flag on the capitol to half staff within the next 15 minutes. Back to you. Sue, clark county has done the same thank you very much. Joining us is our own jane wells. I know you have made your way to vegas this morning are just getting settled on the ground there your reflections on this in. Yeah. Im on las vegas boulevard south of mandalay bay where the police have the entire Las Vegas Strip shut down which is something to see. The unusual thing about what happened is the concert was across the street. It was on the east side of the strip, just south of the tropicana. Mandalay bay is on the west side the gunman when he was opening fire last night was shooting across las vegas boulevard at the concertgoers on the other side of the street its a fairly open area. Its next to where the las vegas airport where they keep many of the private jets, that area of the airport. This is a city as you know that is prepared for a terrorist attack i do know folks in the casino business today, they are meeting with their Emergency Preparedness teams they have to reassess what needs to be done if anything in addition to just sort of calming their own employees. I do have to tell you the city is responding incredibly i saw video this morning, 150 people as of 5 30 this morning at one blood bank to donate blood. Can you talk a little more, jane, about the statement you made that they were prepared what kind of security measures are in place across vegas . Why do you think it was it has been a target for a long time because there are crowds of people in a short fourmile stretch of the strip absolutely. This is an international destination. In many ways, it represents they call it sin city for a reason so when something happens, ever since 9 11, they have been very heavily prepared i dont know the details i cannot give you that right now. I do know that a very, very large Casino Company this morning, its Emergency Preparedness team is meeting theyre going to map out, what do we need to do now and what do we need to do next we have, of course, calls in to m gg mgm resorts. The ceo is incredibly sorry. Mgm resorts owns mandalay bay. When i was landing at the airport, you could see the one blownout window on the eastern side of the resort up on the upper floors presumably, that is where the gunman was and where he died he is from mesquite, about 80 miles northeast of here. Reportedly they have cleared his house. As for motive, we dont know we dont know why. There are reports that his girlfriend was found outside the country, that she had left the country and that he may have been using some of her identification we will looking for more details on his background later this morning we will come back to you now that you made your way there jane wells in las vegas this morning. That mass shooting overnight now the worst in u. S. History. An example of growing National Security concerns, protecting what we call now soft targets. We have more on that this morning. The soft targets are so difficult for Law Enforcement to protect because theres so many of them throughout the country so many people involved. Any time you have a gathering of more than a handful of people, its a potential target. Ironically, the Nevada Department of Public Safety had been planning as you heard jane talking about for a while now. In august, they issued a briefing to local folks detailing what they know about active shooters. According to that briefing, they said there were 160 incidents of active shooters in the United States between 2000 and 2013 69 ended in five minutes or less that gives you a sense how difficult it is for Law Enforcement to respond its the Police Officers who happen to be on the scene in their normal course of business who are the ones who have to respond to this type of attack 28 of the incidents involved the shooter and Law Enforcement exchanging gunfire thats a small percentage. You might think it would be higher these things are often over before Law Enforcement can get there. As we seem to have had in this situation as well where some theres indications that the shooter committed suicide before Law Enforcement could get to him to engage him in gunfire and to put him down themselves. Look at the breakdown of where these attacks have happened over the past 17 years or so. Nearly half of the active shooter attacks in this country between 2000 and 2013 have occurred at places of commerce a big chunk at places of education and government those seem to be the largest magnets for this attack. Look at that pie chart look at the nearly half occurring at places of commerce. What can you do about this the main thing is to figure out who it is in American Society who might become an active shooter. Thats so very difficult to do beforehand the indicators are there but there are a lot of people who fit the descriptions who have rights in the country what they say to look for are people who engaged this stated or implied threats, possession of weapons or violent propaganda, depropagand propaganda, demonstrated a pattern of violence. Thats something you might want to watch for signs of Emotional Distress or Mental Health issues those alone would encompass an enormous number of people in this country the difficulty for Law Enforcement is knowing who is somebody who is emotionally disturb and potentially violent versus somebody who might become violent, that trigger point somewhere in the middle is very difficult for Law Enforcement to detect and difficult do anything about before that person committed any crime. A very challenging situation in terms of guarding the soft targets across the country too many reminders lately of the vulnerability of the socalled soft targets thank you. When we come back, we are awaiting the president President Trump will speak on the Las Vegas Shooting in just moments from now we will take you live to the white house seasons weee s him squawk on the street well be right back. Its time for our fall sale on the only bed that adjusts on both sides to your ideal comfort your sleep number setting. Does your bed do that . And right now queen sleep number beds start at just 699. Save 200 during our fall sale. Ends soon. We are moments away from hearing from President Trump as we await the president to speak about the deadly shooting in las vegas overnight, we want to bring in some experts on the issue. Steve adelman as well as former atf special agent and Hostage Negotiator Jim Cavanaugh thank you for joining us steve, concerts appear to be a theme here we have seen it in paris we have seen it in manchester, england. What makes concerts particularly vulnerable concerts are vulnerable because there are a lot of people we know there will be a lot of people in a confined space there are a lot of soft targets if somebody is intent on making a lot of casualties. Concerts are pretty easy the symbolism associated with concerts, you hear about it. You have seen terrorists who want to inflict harm on western values this was seen as a symbol of western enjoyment. Thats what makes it attractive. We dont know anything about the motive here. Whats so strange is that this doesnt fit the profile of some of the other terrorists. No, it doesnt fit the profile of any other incident. In fact, we should be careful not to characterize this as a concert shooting every news account has been clear that the shooter was actually diagonally across the intersection at a hotel and shot out or punched out or somehow knocked the window out of this 32nd story hotel room. This is about Premises Security in public accommodations in this case a hotel the victims happened to be at a concert. The guns were all at a relatively unsecured property, as all hotels are. So, jim, with your experience as a former Hostage Negotiator, what are some of the biggest questions you have beyond obviously the biggie which is motive the motive always tells you background and maybe how the things could have been interrupted before lots of cases like this do get interrupted where people are bent on violence they may have some mental instability or stress issue or distress issue with them personally or lashing out verbally against others, society, their employer, the church, somebody its picked up by people close to them and reported to Law Enforcement. A lot of those cases are interrupted on a daily basis the person is stopped, interviewed, maybe committed, sent to a doctor, sometimes arrested those are not unusual cases some people slip through the place to find a stop a guy like this is if there was any trip wires we call them, any little slipup where he told somebody or there was some indicator he was going to do an act of violence. That could have maybe alerted somebody ive had many of those happen in all the years i was a cop and agent. We know we stopped a lot of things from happening when we acted on those reports here is a guy likely with sub machine guns, thats a sub machine gunfiring fre i firing e crowd. Maybe some police or federal agents would have got on him and he has a sub machine gun and put a stop to the whole plot you have to get some indicators early. Thats the only way to stop this every hotel is not go be screened for firearms. The behavioral trail, which a lot of folks are mentioning on our air. A lot of news stories centering on the fact the shootings are becoming deadlier and more massive. This, of course, surpasses the 49 people that were killed in the orlando nightclub. Virginia tech before that, 32 people the death toll is increasingly increasing thats disturbing, jim does that have to do with the sophistication of the weapons, technology is it a media issue . Whats going on . Well, theres some copycat factors. We have to be alert for that theres Mental Health issues i call it the tragedy triangle theres some duress, instability, revenge issue then theres firearms entered picture. Sometimes multiple firearms like this case. Then theres some contact with the police whether its a report the person is disturbed or he is arrested or theres some contact. I call that the tragedy trab triangle he may not have reached that stage. There might have been no contact with the police. He had some issue going on in his life maybe not a mental disorder but some personal issue. Then he has a bunch of firearms. We might not have got the third leg of the triangle. I would like to see if that does turn up. In so many of the cases, watching those over the years, you see that activity turn up. Nothing stops it many are stopped but this guy apparently got through. Were probably going to learn what his grudge is it may be that the world is having a good time and he is not. Its going to be an inadequate motive when we hear about it were going to say, this is crazy, ridiculous. Doesnt mean anything. How could someone do it . To him, its going to be the be all end all of him steve, want to get your last word in quickly. You are a frequent writer and speaker on risk and safety in public accommodations. What would you tell someone that has a concert on calendar coming up or a trip to las vegas, what we have learned and what sort of precautions they should take really, the same ones as before last night. I think what were going to what were already seeing is this incident doesnt fit any pattern that we have seen before so there isnt anything that theres no teachable moment here, at least not yet perhaps there will be one. For people who are going to events in las vegas or anywhere else, just look around be vigilant as you always have been we will see if theres any lesson from this particular tragedy. Absolutely we will. Thanks for joining us. Steve adelman and Jim Cavanaugh. Thanks. We will see what the president said about this in a few moments. Were awaiting comments from President Trump. We will take you to the white house as soon as he begins to speak. Sqwkn e re c ua othstetontinues in a minute. [vo] quickbooks introduces rodney. He has a new business teaching lessons. Rodney wanted to know how his business was doing. So he got quickbooks. It organizes all his accounts, so he can see his bottom line. Ahhh. Thats a profit. Know where you stand instantly. Visit quickbooksdotcom. President and his comments open the shooting in las vegas last night. Now the worst mass shooting in modern u. S. History. A live shot where we expect to see the president in a couple minutes. The attorney general Jeff Sessions says he offered the full support of the justice department, fbi, bureau of alcohol, tobacco, firearms for the probe into the shooting. Thats a statement out of doj. Were joined by former fbi assistant director Chris Swecker. We wish it were under different circumstances. How would you expect the president to frame this this morning . Well, i miean, he is going t reach out to victims families and the country and try to assure them that this that we shouldnt be afraid to go out our front doors, were going to stand tall against this type of incident and theyre going to do everything they can to levy the federal resources and state resources to find out what happened we have been through this exercise a few times, you and us i wonder what strikes you about either the shooter himself here is the president , chris, lets take a listen. Thank you my fellow americans, we are joined together today in sadness, shock, and grief. Last night a gunman opened fire on a large crowd at a Country Music concert in las vegas, nevada he brutally murdered more than 50 people and wounded hundreds more it was an act of pure evil the fbi and the department of Homeland Security are working closely with local authorities to assist with the investigation and they will provide updates as to the investigation and how it develops i want to thank the Las Vegas Metropolitan Police Department and all of the First Responders for their courageous efforts and for helping to save the lives of so many. The speed with which they acted is miraculous and prevented further loss of life to have found the shooter so quickly after the first shots were fired is something for which we will always be thankful and grateful it shows what true professionalism is all about hundreds of our fellow citizens are now mourning the sudden loss of a loved one, a parent, a child, a brother or sister we cannot fathom their pain. We cannot imagine their loss to the families of the victims, we are praying for you, and we are here for you, and we ask god to help see you through this very dark period scripture teaches us the lord is close to the broken hearted and saves those who are crushed in spirit we speak comfort in those words, for we know that god lives in the hearts of those who grieve to the wounded who are now recovering in hospitals, we are praying for your full and speedy recovery and pledge to you our support from this day forward. In memory of the fallen, i have directed that our great flag be flown at half staff. I will be visiting las vegas on wednesday to meet with Law Enforcement, First Responders, and the families of the victims. In moments of tragedy and horror, america comes together as one, and it always has. We call upon the bonds that unite us, our faith, our family, and our shared values. We call upon the bonds of citizenship, the ties of community, and the comfort of our common humanity. Our unity cannot be shattered by evil our bonds cannot be broken by violence and though we feel such great anger at the senseless murder of our fellow citizens, it is our love that defines us today and always will forever. In times such as these, i know we are searching for some kind of meaning in the chaos, some kind of light in the darkness, the answers do not come easy but we can take solace knowing that even the darkest space can be brightened by a single light, and even the most terrible despair can be illuminated by a single ray of hope melania and i are praying for every american who has been hurt, wounded, or lost the ones they love so dearly in this terrible, terrible attack. We pray for the entire nation to find unity and peace, and we pray for the day when evil is banished and the innocent are safe from hatred and from fear may god bless the souls of the lives that are lost. May god give us the grace of healing and may god provide the grieving families with strength to carry on. Thank you. God bless america. Thank you. That is the president calling the shootingin layoff an act o pure evil. Thanking the las vegas municipal Police Department, the hospitals, and their absolutely amazing response to that massacre yesterday said the flags will be flown at half staff in washington and he will visit las vegas on wednesday, after a trip to puerto rico that has not been cancelled for tomorrow yeah. Despite some of the controversy over the weekend that was a very solemn and sad speech from the president , offering his condolences and prayers. A message to the wounded, we are with you, we pledge our full support, and a message of unity from President Trump america comes together as one, we call upon the bonds that unite us almost in what sounded like a eulogy, striking a very different tone than were used to hearing from this president , reacting to, of course, what he called a senseless act of violence joining us on the phone as we were speaking to earlier, former fbi assistant drekker Chris Swecker is with us, along with Kayla Tausche and john harwood in washington. John, let me ask you to reflect on what the president said and how it moves us forward here this is what we expect of president s at times like this. We remember president clinton speaking after oklahoma city, and you have to say this event is almost on the scale of oklahoma city. Not in the number of killed, but in the number affected by this remember president george w. Bush after the Virginia Tech shooting, and president obama after sandy hook, as sarah indicated, this is not the donald trump were used to seeing he was somber, he spoke slowly, with a lot of emotion, and i think that his message is one that the American People will welcome. Got to wonder, john, if it sort of reignites the debate over u. S. Gun laws, as so many of these tragedies and Mass Shootings do in this country it will for sure, sarah, it already has. In fact, Hillary Clinton has been on twitter today calling for steps on guns, and we know that the house of representatives is slated to consider a measure that would make it easier for people to use silencers on weapons that, of course, is going to draw tremendous amount of opposition in general, and in the wake of this event chris, do you envision legislation like that, at least in the short term, the likelihood of passage being altered by this event . I mean, it has in the past. We recall president reagans assassination attempt and some gun laws, brady laws, came out of that. Something does need to be done about certain types of weapons, for example silencers have absolutely no use in civilian society. Certain types of well, fully automatic weapons are illegal, but way too easy to convert. In this case they were certainly converted to fully automatic, so you wonder what rational purpose is there for ten different assault weapons in the hands of one person so, i mean, from a Law Enforcement perspective, and i think most Law Enforcement professionals will say this, people should be allowed to carry guns, but certain assault weapons just dont belong in civilian hands you know, you said that this morning. We talked to howard safer, former nypd commissioner this morning, had similar feelings about the right we all have as to personal safety and that there may be some limits on either the amount or type of firearms you can buy it still remains incredibly fraught political argument to make in this country do you think that changes after today . You know, maybe, maybe not. I think this type of event just does lend itself to some type of additional restrictions on assault weapons especially as Law Enforcement, were a conservative bunch for the most part, but i think if you talk to most Law Enforcement people, professionals, they just dont believe assault weapons should be in the hands of civilians they dont want to go up against them, and they can kill too many people too fast. Kayla tausche with us from the white house. Kayla, youve been reporting on how this has changed the president s busy schedule. He was set to talk deregulation. Hes been talking tax reform a lot. What do the next few days look like in terms of the schedule, and hows it all changed as you heard, sarah, the president plans to go to las vegas on wednesday to meet with families of the victims and also with Law Enforcement this is an event the scale, the size, the seriousness of which would test the meddle of any leader in nearly any country, and weve seen this president face most of his most trying moments from external forces, from our allies and adversaries overseas, and its only been recently with the events on the Congressional Ball field in alexandria, in charlottesville in august, and then with the hurricanes in florida and texas, that have really put his domestic mindset to work, but you heard his speech where he spoke directly to the American People, put party and politics aside for now, and thats what weve seen these events have the potential to be a galvanizing force, if only temporarily so, but this is also a president who likes to give people answers. His staff, the American People, and i imagine they are trying to get to the bottom of exactly what this motive was and how exactly you can learn from