Latest jane reporter guys, were starting to learn more about the Gunman Police believe he was a lone wolf who had no connection to any terror groups, but nbc news is reporting that stephen paddocks father was once on the fbis most wanted list in the late 60s. A serial bank robber once diagnosed as a psychopath and while paddock was born in l. A. , his father was first arrested here in las vegas. He had nicknames like big daddy and chrome dome. Does that have anything to do with what happened with his son here last night as paddock opened fire from a 32rd Floor Hotel Room onto a concert across the street mowing down dozens of people as you said, more than 500 people ended up needing medical care heres audio of what it sounded like on the First Responder alert system [ gunfire what is it . I dont know. Reporter hear the Police Radio Audio later. The First Responder system telling everyone that there was a mass shooting going on hours later this part of las vegas boulevard is still not open people trying to get back into mandalay bay from this area cant. We talked to two guys earlier who were staying here who were on the casino floor last night and had to be rushed out as they came in, they were coming back trying to get their stuff. Listen. I called the my host who basically takes care of me at the mandalay bay, wee hours of the morning, give me a call when they allow me access to get in, get my stuff, actually get my jackpot. Reporter how much is your jackpot . 15,000. Reporter how easy do you think it would be to get several guns into a hotel room in mandalay bay apparently its pretty easy which is sad. Reporter all you have to do is show your key. Yeah, theres no metal detecters, no security checking bags, but i think after this, theyll probably make some changes. And it will be safer for everybody in the future. Thats my biggest hope reporter you afraid to come to vegas now no. No reporter boy, thats what the city sure hopes. Las vegas based Allegiant Air is offering free flights to Family Member bs coming here to be reunited with loved ones, trying to find out where their loved ones are there is a reunification process going happen at the Convention Center starting at 1 00 local. I flew in from the first flight this morning from l. A. X. On southwest. We left at 5 40 in the morning the flight was packed for a monday going to vegas. Most of the people on the plane and the crew didnt seem to know what had happened here guys, back to you. Okay. What about the other hotels on the strip . Apparently, you know, the strip is closed right now. Are they do they have to shelter in place reporter here. Whats going on there reporter the strip is closed from tropicana south so this area here, which includes mandalay bay, is where you cant get to once you get north, the other properties are open. But i have to tell you, there have been all kinds of crazy rumors about shootings today which have not panned out. There was one this morning that there was an active shooting in the luxor. That wasnt true there was a report there was a school shooting. That wasnt true people are very, very on ropicap it is open one reason this part of the strip is closed is they may not have removed all the bodies yet which are right along the strip on the east side is where they had the venue for the concert, it was right on the strip. Jane, its been three hours since we last got an update from authorities. Any word of another one coming yet . Reporter no, they are giving warning, but they arent always saying when theyre going to have more. I think, you know, this is the sort thing where theyre trying to determine how many people are actually dead, if the deaths were caused by this or Something Else we learned earlier that not all of the dead and injured were actually in the concert area, but perhaps around that area and then theres the issue of these over 500 injuries, one has to wonder how many of those were caused in the chaos afterwards so im told that there have been victims that have been sent to five different hospitals there are surgeries going on i mean, some are still in Critical Condition it has been, you know, 14 hours now since the incident, and were still you know how it is the first 24 hours. Youre just trying to learn. Things evolve so quickly all right, jane, thank you. Well be checking back jane wells there in las vegas. Lets bring in our Kayla Tausche now in washington with the white house response to this shooting kayla . Reporter kelly, the white house last hour held a moment of sty lens on the south lawn the president , the Vice President , their wives, surrounded by the white house staff, took a moment to remember those 58 victims and offer their thoughts to the more than 500 who remain in the hospital Sarah Huckabee sanders, the White House Press secretary, also said that the president is receiving updates regularly and constantly, northeast of whimoss happening by chief of staff general john kelly in the press briefing that took place last hour sanders was asked specifically whether the president thought it would be appropriate to offer a policy response as he did about 16 months ago immediately in the wake of the shooting in orlando which at that time was the largest mass shooting in American History she said that then he was a candidate, now hes president. Things are different and the nation is still mourning theres a time and place for a political debate, but now is the time to yinlt unite as a coy theres currently an open and ongoing Law Enforcement investigation. A motive is yet to be determined it would be premature for us to discuss policy when we dont fully know all the facts or what took place last night. Reporter democrats in congress are already calling for action congressman seth moulton of massachusetts boycotted the moment of silence on capitol hill today because he said he wants real action to actually come out of this then you see three democratic senators, two from connecticut, who are calling for specific gun control legislation to be introduced, one using particularly color language, senator chris murphy of connecticut saying Congress Needs to get off its ass and do something. Theres minority leader nancy pelosi, the top house democrat, who tweeted earlier today saying, even if you dont get legislation, at least set up a committee. That was her beseeching speaker of the house paul ryan saying its time for action, Congress Must create a select committee on gun violence. Kelly and bill, we often see this type of response, as sad as it is, that it is now becoming a regular routine after events like the ones that weve seen overnight. Whether or not this scale of this will produce anything politically is still too early to be seen well see what happens when the president visits las vegas on wednesday as he announced today that he would do all right, kayla, thank you Kayla Tausche there in washington and earlier today, Clark County Sheriff Joseph Lombardo addressed the allimportant security issues. This is an individual that was described as a lone wolf i dont know how it would have been prevented if we didnt have any prior knowledge to this individual the mandalay bay did a great job of hiring Police Officers. They had sufficient staffing for the concert. And when this individual decided to fire upon the crowd, which was approximately 22,000 individuals, its very difficult to manage that size crowd. But could this have been prevented with increased security at hotels joining us now are john chote, former executive director of security for winn las vegas. And steve, who chairs the Public Safety working group at the Security Industry association. John, i understand that you have direct experience as head of security for winn and encore are you surprised somebody was payable to enter the hotel with ten rifles and not raise any alarms i would say its a bit surprising but not unreasonable to see how Something Like that could happen he was a registered guest. Hed been there for a few days prior and, you know, if you just assume that you take your roller bag that you go onto an aircraft with, imagine what you would put inside of that i mean, if he had enough if he had enough certificates, you know, that he was able to carry that many firearms, would he be questioned coming into the hotel . Absolutely. I mean, all of the hotel i mean, it sounds like a naive question, but im just curious. Sure, but this also presupposes is he walking into the hotel and checking in in it a tactical firearm bag thats emblazoned with camouflage or does he have it in a rather large roller kit that, you know, might as well be stuffed with a dozen of pairs of underwear and bathing suit. Right, hed been there since thursday, so thitheoretically, dont know, were guessing, he was probably going in and out many times, maybe took one each time he went back in there steve, im curious, are we to the point yet, do you think, where hotels are going to need metal detectors for people going in and out of the hotel . Well, bill and kelly, thank you for having me on, they will not have to. There are actually technologies that end users and Law Enforcement are just starting now to deploy where you do not need metal detecters, but you can actually use visible light cameras together with thermal imaging cameras and actually get in realtime the ability to see if somebody is wearing a firearm or just not over the weekend at mandalay bay, obviously. Yeah, and whats really interesting is that the gaming industry is doing a really great job in accepting in of these advanced technologies, like facial recognition and what weve done over at the Security Industry association, i want to just kind of make a plug, but not really just a plug, but an opportunity for anyone there that is listening, this Public Safety working group is available to work on a Public Private partnership to anybody that wants to try out these technologies so its not a question of cost anymore. Uhhuh. Its always a question of cost, or its a question of regulation i mean, john, how much would systems like hes describing cost and what do you understand is the effort by casino owners to install the latest and greatest technologies like these right away so, thank you for the question the look, the great piece that were talking about, physical security, as opposed to the catchphrase of the past several months which is on the cyber side and in order for physical security, to be able to mitigate physical threats, when they come into any particular arena, a perpetrator has to be there then they have to have some type of a firearm, weaponry, some type of material in order to effect what their end state is technology is something that helps augment security forces. The critical piece is actually having the correct people with the correct processes if place i can only speak i agree. With specificity in a very limited fashion, obviously because of confidentiality aspects, but okay. I think mr. I get that. The facial recognition assumes that Law Enforcement already knows about this person. Right. And what were hearing about this guy is that he wasnt on anybodys radar screen so he wouldnt have raised any alarms by simply walking into the hotel, would he . Agreed. It wouldnt have done anything i think that if you do a root cause analysis on this, its very simple, which is that if you go back to tsa, theyre very, very good at vetting persons that are actually going onto aircraft. Imagine an environment where thats all they do but theres no inspection of the bags that go into the belly of the aircraft i dont think anybodys going on that plane flight. The problem, though, is that thats a much more closed environment and something that was obviously readily adopted post9 post9 11. This is one of the Critical Incidents is what can people put in these extraordinarily large roller bags and other luggage items that now exist you have the boston bombers john, let me ask you the question i asked steve, whats wrong with a good oldfashioned metal detector both in and out of the hotel ill tell you why the other reason you want to put Something Like that in there is to reassure people going to las vegas or any place else that it is in place. Its nice to have these, you know,er surreptitious programsn place, its hard to go unless you actually see the ma vechine in place what do you think . Thats the first, outer circle of any type of security process which is the deterrence component which is you dont take on the appearance of the lowhanging fruit. The metal detector component is great, and i can tell you, again, within certain left and right boundaries that those types of efforts are already in place. At least at some locations i think what this comes down to, though, are it is the detection components which is where its augmented by technology now, as far as vetting what people bring on to property for their bags, no different than vetting vehicles, which, you know, look at the sheer number of vehicle attacks that weve seen in the last year. And then the number of pedestrians that are on the strip in las vegas so whats your point, john . That this kind of beefed up security is coming or impossible to actually excutecute . Its very possible to execute. In some locations its already being executed as unfortunate, awful as this is to say, largely in the security world, Lessons Learned after action reports, theyre written in literal and figurative blood. Yep thats unfortunately how that works. All right, guys. Thank you. John choate, steve, thank you for your insights today. Thank you, sir. Thank you, steve. 45 minutes to go until the closing bell today keeping an eye on markets, meantime, the dows up 134 points, up 142 at the session highs. Were looking at record levels across i mean, first day of the Fourth Quarter, new money is coming into this market. Weve seen that play out this year. Yes, we have. October continuing that trend. We got one trader saying the Energy Sector which is one of the years biggest losers could be the key to closing out 2017 on a high note well break that down ahead. And later, spanish stocks and bonds under pressure at violence erupts between the police and those voters in spains catalonia region just ahead, well bring you the results of the independence referendum and what thvoe te means for the markets. Coming up. Stock prices may be higher today, in fact, were having our best rally for the dow im told since september 11th but oil prices are down today on signs of a rise in drilling here in the u. S. And higher opec output a Reuters Survey finds that opec output rose by 50,000 barrels a day in september, mainly as iraqi exports increase theyre coming back online and production edged higher in libya, and in fact, Energy Stocks have been among the laggards in todays trade in the stock market wow, some pretty big moves. Stocks still on a pace for a recordsetting day, though lets get to our closing bell exchange, joining us this afternoon, steve grasso here at post 9 eddie perkin and Rick Santelli from the cme steve, were opening the Fourth Quarter today. As bill mentioned, maybe seeing inflows here. Right. These are pretty big moves. So . You look at what we talked about last week, it was quarter end, month end, adjustment of rotation out of large cap tech, to bills point, you open up the first day and see energy sort of lackluster performance sthat going to be the horse that rides you into year end . And people when they you see the analytics, data points that a good time to invest is the Fourth Quarter, on average 80 of the time its higher, 4 is the average. If you look at it, i think its very healthy that large cap tech really isnt carrying the weight as of late its been that rotation. Materials, financials, energy. So i think its very healthy for the market upward, higher, seems to resistan resistance. Eddie, with that in mind, do you stay the course with the groups that have gotten us here to this point or do you look for new opportunities maybe new groups still to lead us higher in the fourth yaquarter . What do you think . Is. I think you want to value the whats been driving the market in the last month or so is the expectations for tax reform thats helped push Interest Rates higher its pushed the dollar higher. Thats led to the value part of the market, smaller cap stocks performing better. I think that continue. I think the market is not fully pricing in a tax cut the obvious beneficiaries of that on a year to date basis have still lagged. Id look for those more domestic valueoriented sectors to invest in. Rick, overseas we had a lot of violence, hundreds energied in the Catalan Independence vote yesterday. Is that rippling through global bond markets at all . A little bit. Theres been a little more volatility to the upside in y l yield in some of that spanish paper. Also keep in mind theres other paper thats not as good a credit as germany and the boone curve. Thats also moving up. And part of the reason may be some changes, perceived changes through some of the microphone activity by the ebc and officials, this morning, im paraphrasing, you know, make markets will be less volatile with regard to the outlook of Balance Sheet because theyll probably buy less for longer im not sure whats kbroiis goi happen on the october 26th meeting. I dont think its going to lay out anywhere near the specificity we have with our fed on Balance Sheet reduction think theres going to be a long period of microphone activity. That means theres going to be spread activity. Maybe the southern economys yield widen against the better credit of the bund sovereign rates, good quality has not moved up but not in an aggressive fashion just think, if youd have told somebody at the end of last year that stocks would be up as much as they are by the end of the Third Quarter, yet wed still be ten basis points lower in yield, the end of 2016, usually when you get a good starock market, o get higher rates theres something amiss. All the buying done by the ecb, bank of japan, bank of england rates are starting to see a sea change there and slowly floating higher. And there are those who feel ill name one name, at least, peter that feels as though the fed does begin to unwind its Balance Sheets slowly in the beginning and picks up pace, he says, look, its been Monetary Policy in part has gotten us to where we are in the equity markets cant keep going higher if theyre going to start taking it the other direction. I do agree with peter, very bright, very cerebral. The problem is for he and all of us that try to interpret the feds moves, its not going to be at a certain defined pace the fed can always back up the fed can always say, you know what, were not going to do this, were going to change it, x, y, and z. Right. That keeps the bears on their heels. Its going to be impossible to sell this market and wait for one of those unexpected news conferences, or an unexpected bullet point out of miss yellen. It all right. Eddie, just real quickly before we go, your thoughts on what rick mentioned here . The fact bond yields are so low, stock prices are so high is that sustainable. Reporte i gragree with rick. The fed may be tightening but the rest of the worlds Central Banks have not been. You have coordinated monetarying easing thats still in place and that puts a bid to equities. All right, guys, thank you, all. Appreciate your thoughts on todays market action. See you later. 36 minutes left in the trading session here pretty good rally. The dow up 138 points to start the Fourth Quarter off all the major averages are in record territory right now as a matter of fact. Coming up, Facebook Says it ran more than 3,000 russiaconnected ads before and after the 2016 election. It realizes that now and ahead well tell you what the company is doing to crack down on those who are violating its advertising policies. And later, its been nearly two weeks since Hurricane Maria hit puerto rico and the situation on the ground remains dive well head there live to see where residents are still living without basic necessities. How theyre coping and whats being done to help stay with us throughout my career, ive been fortunate enough to travel to many interesting places. Ive always wanted to create those experiences for others. With my advisors help along the way, its finally my turn to be the host. When you have the right financial advisor, life can be brilliant. Ameriprise. From godaddy in fact, 68 of people who have built their. Website using gocentral, did it in under an hour, and you can too. Build a better website in under an hour. With gocentral from godaddy. If they knew just howers rich they were. Ed the average American Home value has increased 40,000 over the last 5 years. But many dont know you can access that money without refinancing or selling your home. With a home equity loan, you can pull cash out of your house for anything you need home improvement, college tuition, even finally getting out of credit card debt. Come to lendingtree. Com to shop and compare home equity loans right now. Because at lendingtree, when banks compete, you win. Lets take a look at some of the stories impacting the Business World today first up, spanish stocks and bonds are under some pressure with spains ebex 35 following today amid clashes in spain. Hundreds were injured yesterdays in spains catalonia Region Police and voters clashed on the day of the independence referendum 2 million residents, 40 of cat lonas voting population turned out to vote with more than 90 voting in favor of independence. Spanish Prime Minister Mariano Rajoy called the referendum illegal. The eu writing it would, quote, find itself out the european union. Next up, ubers uk boss is stepping down. The news comes as uber works to stay in london after that citys transportation regulator said that the company was unfit to continue operation there and as ubers london drama unfolds, former Ceo Travis Kalanick surprised the companys board by appointing two new directors, ursula burns and former cit group ceo john thain well known around the New York Stock Exchange as well. Thats right. Sticking with tech, facebook is hiring 1,000 employees to its ads review team as facebook works to make ads more transparent and tighten regulations on advertiser content. This as lawmakers explore ways that russia they have influenced the 2016 election. Facebook shares down half a perce percent, bill. For all the platforms investors have loved is whether having to add all of these people dimini h diminishes the i dont know if you saw this but the chairman of the Senate Intelligence Committee Said that theyre going to release some of the ads. In a few weeks here. That facebook turned over to them just so we can get a sense of what they were doing, what kind of advertising we were talking about to sway Public Opinion that should be very instructive. Yeah. Lets go over to Tyler Mathisen now, hes got the latest on the las vegas Mass Shootings today tyler . Kelly, thank you very much. It is a developing story, the death toll now stands at 58 after that gunman opened fire at the Music Festival on the Las Vegas Strip last night 515 people have been hospitalized deadliest such shooting in u. S. History. President trump and first lady melania along with Vice President pence and his wife holding a moment of silence on the south lawn of the white house. Earlier the president called the shooting pure evil adding the nation must stay unified. The shooter identified as a 64yearold stephen paddock. He killed himself in his hotel room, apparently, in the mandalay hotel, before police arrived. Senior Law Enforcement Officials Say he had gambled heavily in Las Vegas Casinos in recent days the fbi says the shooting is not linked to terrorism. As this event unfolds, we have determined to this point no connection with an International Terrorist group. As this investigation continues, we will continue to work with our partners to ensure that this is factually, thoroughly and absolutely investigated to be able to bring comfort and peace back to this community kelly, bill, thats the latest at this hour. Back to you. All right, tyler, thank you very much. And in fact, Nbcs Jay Gray has more now from the ground on last nights deadly attack. Jay . Reporter hey there, bill, kelly. I want to give you an idea whats happening right now along the strip. As you see behind me, were at the intersection of tropicana and las vegas boulevard. Just over this traffic, which is crossing las vegas boulevard, but nobody going south right now on the strip because theres a Police Barricade here. Just beyond that barricade is where the attack took place and its where a massive investigation is now under way that includes the fbi, as well as homeland security, it includes local and state police. As you move across this area, what you find is all of those Law Enforcement officials mingling now along the rest of the strip and its not what you normally see and not what you think of in las vegas, not a lot of people out. Those that are, very somber. Its not the Party Atmosphere at this city is so famous for and not a lot of people moving in and out of the casinos, restaurants and bars here along the strip. What do we know from the investigation . We know that the man accused, stephen paddock, was actually in his room on the 32nd floor at the Mandalay Bay Hotel and casino for four days leading up to this attack and he shot out two windows inside that hotel room to get two different shooting positions on the crowd below. What led tactical officers to his room was a smoke alarm that was going off apparently because he had fired hundreds of rounds in that room and filled with smoke. You talked about the gambling transactions his brother says this is something that was normal for him. So that 10,000, 20,000, 30,000 a day, that he fancied himself a bit of a professional gambler playing mostly highstakes video poker. One other thing we know, more weapons found inside his home in mesquite, nevada, and that two cars have been confiscated again, investigators looking for any evidence they can find bill, kelly . All right, jay, thank you jay gray joining us from las vegas with the very latest there. Take another break, here with about 28 minutes left in the trading session. We got records on wall street, as we begin the Fourth Quarter here the dow just off the highs for the session. The s p, the nasdaq, look at the russell. Up 1 today. In intraday highs for all of them. A coming, were going to take look at what shooting in las vegas could mean for the Tourism Industry and live events business stay with us when closing bell continues. Can i kick it . Yes you can can i kick it . Yes you can can i kick it . Yes you can well im gone whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley the deadliest mass shooting in American History last night is raising new questions about the future of live events. Julia boorstin has more for us jul julia . Reporter hey, kelly, live nation, the Worlds Largest concert company, which managed the event where the shooting occurred last night issuing a statement saying, while we are stunned and grieving over this incomprehensible act of violence, we know that this is a moment we must come together to prevent more tragedies like this from occurring. Yesterdays tragic shooting at the route 91 Harvest Festival is the second major attack in a live nation concert this year, after the attack outside arianda grandes concert in manchester in may take a listen to what this expert had to say. Vulnerable because there are a lot of people and we know there are going to be a lot of people in a confined space so there are a lot of soft targets, if somebody is intent on making a lot of casualties, concerts are pretty easy. After the manchester attack, live nation outlined new security measures for all its events including bag searches. No matter how much venues beef up their security, it is hard to s secure the area immediately outside these venues the attack on the Manchester Arena was directly outside the venue, and outdoor festivals do bring additional security risks. The shooter last night was across the street. As for the question of whether people will change their concertgoing behavior, in june, after the manchester attack, a gallup poll asking americans if theyre less willing to attend events with thousands of people found that 60 said, no, theyre not lesswilling. Well see if the poll numbers change ahead of the big global events ahead including Winter Olympics in south korea early next year followed by the world cup in june in russia. Julia, maybe we can show the figures again. 60 of people said it wouldnt affect them. Over time, is this having more of an impact than it will over the course of a month or two interesting because gallup first started doing that poll of the 9 11 attacks so if you see a 9 11, 69 said that there would not be any impact on their interest in going to these big events attended by thousands of people and so really an interesting trend to see, but, you know, as of as of this past june, 60 say they didnt expect to have any impact on their behavior, so i think this is one of these polls thats going to be redone over time and ill be curious to see what the latest result of those polls say and also what kind of security measures we see taken publicly around the olympics as well as the world cup. One thing thats interesting is a lot of these venues do a lot of things they dont want to talk about for obvious reasons but theyre all really working with the most hightech devices and technology to make sure that theyre attendees are safe, but, you know, there are some real risks here as we saw last night. At least on the margins, its growing as well, fewer people are going to the mall, Public Places like a mall, a Movie Theater, you know, Summer Box Office was suffering this year. If 38 of people say, yes, it is changing their behavior, thats a lot. Thats still a cig carnet numb significant number. Maybe they start to think about am i going somewhere thats more secure versus less julia people may think about these events very differently. That gallup poll specifically said to an event with thousands of people. When you think about going to the Movie Theater, that doesnt feel like an event with thousands of people. Youre in a room with maybe a couple hundred people at most. So i think that there is a sense that these events that are massive crowds are really trying to figure out how to secure the area i did a story earl eaier this y with Technology Used for live events there are companies putting up effectively force fields around stadiums and arenas to keep drones that arent imnvited fro flying overhead of those areas and see Drone Companies that are working to do surveillance from the air. So a lot of different ways technologies are being used here and just yesterday, as i mentioned, we were at this nascar race, same thing, its right next to a casino hotel. Right i know that one. That overlooks the track. The whole point is to say to people, you can have this experience to try to secure an area like that all around, perhaps, bill, thats a place where you could easily put metal detecters in the hotel. The only time you get that kind of the necessary security is when the president of the United States shows up. Yeah. Right then they check everywhere but they dont understandably because of the costs they cant do it on a venue like this julia, thank you see you later. Very, very, very frustrating 20 minutes to go dow looks like it wants to set some new highs again for the day. Were up about 150 points. When we come back, how last nights mass shooting in vegas could affect that citys crucial Tourism Industry. Later, well hear from Security Experts on protecting soft targetsikco le ncerts and shopping malls stay with us i used to love golf. Wait, what, what happened . I was having a good round, and then my friend, sheila, right as i was stepping into the tee box mentioned a tip a pro gave her. No. Yep. Did it help . It completely ruined my game. Well, the truth is, that advice was never meant for you. I like you. You want to show me your swing . Its too soon. Get advice thats right for you. Investment Management Services from td ameritrade. Welcome back on the first day of the Fourth Quarter, all the major averages you see there are setting intraday highs the dow is up about 150 points a moment ago, with about 15 minutes left until the close. Thesla is sending hundreds o power packs to puerto rico to help with the humanitarian aid effort in the wake of Hurricane Maria. The battery is an inhome l electricity solution it could help bridge the gap in some areas as for pr wopuerto r to repair the power grid which some say could take several months. Meantime, back to las vegas, of course, as we know one of the nations top tourism spots seema mody has more on the Tourism Impact at last nights tragic shooting could have seema . Reporter bill and kelly, still too early to tell as to how las vegas tourism will be i78 pact impacted in this tragic event. Shortterm, xray screeners and metal detecters. Longerterm, hotels will have to reevaluate security procedure and whether to copy methods used by many hotels in europe and asia which includes not just security at the door but increased surveillance as well las vegas is one of the most popular tourist destinations in the United States. Ranking number six on world atlas most visited cities, seeing nearly 43 million visitors in 2016, contributing 60 billion in Economic Activity to Southern Nevada now, warm weather and entertainment have made las vegas a viable destination for co Corporate Events as well currently the number one trade show destination bringing in 6. 3 million delegates in 2016, thats up. 7 from a year ago. Wynn resorts, las vegas sands, mgm resorts, owner of mandalay bay, in focus today. In a Statement Released earlier, chairman of Mgm Resorts International saying our hearts and prayers go out to the victims of last nights shooting, their families and those still fighting for their lives. Were working with Law Enforcement and will continue to do all we can to help all of those involved. Bill and kelly seema, its interesting you mentioned some of the security in europe and asia, and perhaps it is coming to u. S. Hotels as well certainly in a place like las vegas. Reporter yeah, exactly, because we have seen similar shooting events that have taken place, not just in mumbai, but istanb istanbul, paris as well. Wea weve seen a lot of security measures taken by hotels in those regions to make sure customers are safe but also try to really analyze or review the customers that are coming in, the customers that are coming through the entrance to ensure that weapons are not being brought in i mean, im glad that they are coming up with Hightech Solutions that we dont see or know about, but i ill go back to what i said at the top of the hour, i think we need things that are visible so there is that intimidation factor in place, and a reassurance to those people who are going in and out of the hotels, whatever the public venue is. Reporter that involves security personnel at the entrance, but at the same time you have to wonder how effective that is when a lot of hotels including mandalay bay have so many different entry points. Have to wonder whether the hotels have to rethink the architecture and layout of their whole hotel if security is going to be a prior it i couldnt agree more seema, thank you good food for thought there. As we head to the close with 13 minutes left in the trading session, holding on to these gains. The dow up 141 the russell is up 1 right now the dow posting its first eight quarter win streak in 20 years, by the way well talk to mr. Cashin, himself, art todays trading coming up. Executives from equifax and walls fargo head to capitol hill next week, well talk to former fdic chair sheila bair on what to expect from their testimony stay with us baby crying slow jazz music fly me to the moon and let me play bell ring you myour joints. Thing for your heart. Or your digestion. So why wouldnt you take something for the most important part of you. Your brain. With an ingredient originally found in jellyfish, prevagen is now the number one selling brain Health Supplement in drug stores nationwide. Prevagen. The name to remember. Welcome back stocks are on pace for a recordsetting close joining us to talk a little bit more about the markets, first day of the Fourth Quarter, arthur cashin, director of floo operations at ubs financial services. The real guy here, not just the animation here. Yeah, thats right. Is this about the beginning of the Fourth Quarter, new money coming in, what do you think is going on here . A lot of things going on. Its new money to the new month and the new quarter. Seconda secondarily, as i wrote in my morning comments, doug ramsey did a study, september is supposed to be the weakest month, but we have had septembers where we made record new highs. And whenever they were accompanied by highs in the advance decline line, as they are now, the balance of the year was fine in fact, 80 of the time you went higher. So youre getting that going on. And then not to be too cavalier about the terrible tragedy out in vegas, the market has determined that this is probably a lone wolf and a oneoff, that there will be no followup theres no connect iivity to it. As horrible as it is, youre not going to wake up tomorrow and see major changes. You put most of that stuff together and some of the old favorites rallying here, were up at record highs again and it looks like the last quarter is going to be good. What do you think, arthur, to flip this around for a second, the impact will be on a lot of Retail Investors this has been a banner year. If were to end it here s p up 14 total return. I dont know how many people are it in if were starting to get to the phase anecdotal anecdotally, talking about more accounts being open. What do you think the impact of this dramatic year so far is going to be . So far its got to begin to make people feel reasonably well pumping money into the system has raised asset prices particularly in the stock market so people should feel more relaxed. Whats really going to be interest to watch in this final quarter is will there be an impact of quantitative tightening now, as peter points out, in the last quarter, its going to be only a token amount. Right but it hasnt taken when we had the temper tantrum, they hasnt even done anything yet, they had threatened to taper markets can react to what they think is coming. You know, yields are starting to creep higher here noticing as i get ready for the countdown that the tenyear yield is at the highest level since middle of july, okay at what point does that start to crowd out the equity market, do you think . Well, i think weve got to get a bit higher you got probably up around 3 , you start to get everybodys attention. 3 on the ten year. Right. I think youll start to hear that in the conversation more and more. That said, interestingly, going back to. What Rick Santelli just said, we have low, low bond yields, high, high stock prices. That actually makes perfect sense together its just that, you know, if bond yields dont go up a little bit more than that, does that mean stock prices can keep shooting higher . Is this kind of it for the cycle . If so, what does it mean for financials it is kind of an odd thing to watch playing out here the ten year is not budging. If anything, it should be much higher given the gdp number than it is now. Ive been doing this for over 50 years and ive never quite seen anything like it, so youre right, it is rather odd. But well have to see. Right now, europes doing all right. Emerging markets are okay. And maybe theyre not going to take away the punch bowl that quickly. So well see its what keeps us coming back even after that amount of time thank you, arthur. See you later. Art cashin joining us here at post 9 we will come back with our closing countdown in just a moment here. After the bell, we will go back to las vegas for a live update on last nights concert shooting and discuss whether companies should be spending more money on security stay with us is the monolithic view 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. All right. Here we go so, were coming up on the last three minutes of trade here. We begin the Fourth Quarter where we left off the Third Quarter. You know, all these traditions, platitudes, we always say, september is one of the worth mon worst month if not the worst month for the stock market we get to october, we all have bad memories of what happens to the stock market yet we continue to power higher. Market seems to be on an automatic pilot. Alltime high territory as the dow goes up another 146 points 22,000 beginning of this year was the bestcase scenario remember, Jeremy Siegel saying 22,000 by the end of the year. Were already there. Well see what happens in the Fourth Quarter technology among the leaders, intel was the best performing stock today for the dow. And energy one of the losers exxonmobil one of the biggest decliners. Heres why on the oil thing. Oil down today with more talk of u. S. Drilling increasing, opec we saw increases in drilling exports from iraq and from libya. So oil down, but still above that critical 50 a barrel level. And yields continue to creep ever higher. As i mentioned to art cashin, the yield on the tenyear now at a level we havent seen since about july 25th. Bob pisani, back to 234. That takes us back to the middle of july. Remember, we had the best month for oil since april of 2016 we were up 10 you cant see that with oil. Thats a real rarity, folks. That was certainly maybe a little bit of profit taking in addition to quhafs goiwhat was with the supply level. I want to point out the momentum stoc stocks are really big and back again here high data names are back bank stocks moving today. As yields go up. Thats right. Semiconductors back big recently here this is leading to the momentum trade. Heres two etfs at historic highs. These are momentum plays mtum, companies that have been moving very strongly in the last several months then the high beta names these are companies that tend to move in the market tend to move a little bit more than the market normally will move. These are both at historic highs today. They include Companies Like boeing and bank of america, those high beta names are doing really well. The one company i would point out today, still not doing anything, is apple still down today so if you ask where is the momentum names, theyre all up there. You can talk about boeing and j pr morgan, but apple just isnt there again today. Thats the one little thing thats been kind of falling back in terms of we often talk about the volatility that happens after a Product Launch at apple. This ones been rather unusual long time this staggered launch doesnt help im sure as we still await the iphone x. I think youre going to find the numbers on the iphone x are going to be strong, this is me talking because im interested in the iphone x i think that thats going to help stabilize apple obviously, theyve been a little bit more of a wobble than people thought here with this introduction to the iphone 8 thank you, bob. Off to a strong start on wall street to begin the Fourth Quarter. Golfer, stewart cink, winner of this years humanitarian award at the pga tour winning todays closing bell at the New York Stock Exchange stay tuned to the second shower of the bell with kelly evans and company. See you tomorrow, kell thank you, bill, welcome to the closing bell, everybody, im kelly evans. After setting intraday record highs across the major averages today, looks like were setting records on the close as well dow gaining 154 points to close at a new high of 22,559. The first time the dows closed above 22,500 today its a better than 2 3 of 1 gain led by intel up 2. 5 . The s p 500, 4 10 of 1 . Thats a new record high for the broad index there. General motors one of the outperformers with a better than 4 increase in the s p nordstrom down sharply nasdaq composite up 1 3 of first close above 6,500. A record high. Small cap russell 2,000 up 1. 25 today. It has been on quite a run of late 1,509 for the first close above 1,500 for the small caps today, also a record high well have much more on all of these market moves in just one moment. But first, the days top story, at least 58 people are dead and hundreds more wounded in las vegas after the deadliest mass shooting in u. S. History. Jane wells has the latest from the ground jane reporter hi, kelly just within the last two minutes, they opened up las vegas boulevard here you can see it now people are able to get to mandalay bay and even further north on the strip which i would assume means they have cleared the crime scene and have removed all the bodies which were on the east side of the strip where the concert was last night the gunman there on the left side of the strip in mandalay bay, all the murder and mayhem on the other side of the street. Just in the last few minutes they started to open up the street as far as russell road so people can start to get in and around mandalay bay. Now, the effects of this horrific event are starting to ripple throughout the industry, Blue Man Group canceled its events tonight its concert tonight. Cirque du soleil canceled its shows and will offeree funds it has been 15 hours since Police Say Stephen Paddock opened fire from the 32nd floor of that hotel. Across the street, look at this, the 22,000 people who were attending the concert last night, a threeday festival, they say paddock was armed with at least ten rifles. He managed to get into his room. The sheriff says nothing seemed amiss, even hotel staff who went into the room and not noticed anything suggesting hed been there for more than one night, and heres what the First Responder radio call sounded like is there a unit down . Just be advised it is automatic fire fully automatic fire from an elevated position. Take cover reporter all right as you look at the image we have of stephen paddock, as for motive, unknown, but nbc news has learned that he placed very large wagers in las vegas recently, tens of thousands of dollars. Not sure if he won or lost other reports he was known here as mandalay as a vip gambler and his father was a bank robber in the late 60s once on the fbis mostwanted list and considered armed and a psychopath who even escaped prison before being captured again in oregon although he was first arrested here in las ve s vegas. Mgm resorts which owns mandalay bay is asking for certified trauma counselors to help, set up a special phone number for victims families to call. Right about now the Convention Center is starting the process of reuniting families with loved ones, helping families find out where their loved ones are and uber and taxis are providing free rides for those people. Kelly . The president ordering flags at halfmast today had a moment of sigh lenlence e today. A Las Vegas Victims Fund raised nearly 1 million on gofund me. Reporter yes. Started by the Clark County Commission chair he says the funds will be used to provide relief and Financial Support to victims and families and there are many still trying to determine if their loved ones are among them reporter yes there are people whove taken to social media, where is my loved one . Again, mgm resorts has set up a number, the police have set up a number, but five different hospitals, its going to take a while to find them and when there is a call out this morning, we need blood, hundreds, hundreds of local people lined up for hours at blood banks to donate. Yeah. And as we understand, the need was great. That at least is good to hear. Jane, thank you. Jane wells in las vegas for us turning to markets now as we mentioned, the markets have closed at a record high today to kick off the start of the forth quaurth quarter dow, s p, nasdaq, russell, set fresh highs. Here to discuss, michael santoli. David catz, chief investment strategist at matrix Sandy Pomeroy on set with us, Equity Income Fund Portfolio manager at newburgher burman michael, striking how strong broad based these rallies are. Very much in quarter. When all else is equal, thats what whats interesting, whats been going on for weeks, whats coming to the front of the market is the cyclical sectors, ones that benefit from a stronger economy for six months the citigroup economic surprise index was at negative territory, just turned positive today guess what, all those sectors are coming to the front. It seems as if thats the dynamic going on in the markets. All the almanac stuff that says when the markets done what its done this year, the remainder of the year tends to be pretty good, i think has people, the procrastinators putting money into the market come october the exception might have been energy turned tout be the worst performing sector today. Oil was down a couple percent. Sandy, what do can you guys make of that . Well, it looks like oil could be making a cyclical low here. Were sort of interested in that we look at the sectors and market that have performed hosh horribly this year, retail which has been bad and has strk chuuc issues that could be more Persistent Oil seems to be making more of a cyclical low demand is strong weve seen recent disappointments out of the shales in the u. S. And if we continue to see these dis appoiappoin appoinappointme bode well for Energy Prices in 2018 so as we look to position ourselves, we try to get more exposure to the energy area. Michael, some expressed that earlier, since this that out thats one of the things going for it, right, not just that it has cyclical benefit but been a laggard, been a market where it just rotates, whatever hasnt participated gets picked up and thats whats been going on in this, very low volatility, grind higher. Sandy, total is your preferred way to invest . European integrated stocks are interesting especially for an Equity Income fund. Run an Equity Income fund, looking for not only good dividends but dividends that grow over time this one in particular looks like it can benefit from rising Energy Prices as well so it looks interesting from that standpoint also because the environment for these companies y ies has actuay improved from a cost perspective, oil Services Costs are down, even countries are thinking about lessening terms on future projects making the future returns for these companies sort of interesting. And so that looks like an opportunity for us. And thats an opportunity in energy as i mentioned one of the worst performing sectors on this strong day financials, meantime, were leading the way that they were one of the best performers sector underperforming the s p on the year. You have a few you like in that sector, yes . We do like the financials go back to the election, the financials have done well. Been a rocky road. They started the year off pretty miserabl miserably. The last few month have been better pretty early on in a good period our favorites would be wells fargo and bbt, we also like jp morgan although thats done better thanmichael, where are y thinking about the financials . I think the financials are ben dpefiting in the moment in e last couple weeks, three things, started going down, didnt have to go up much the fed seems like its determined to move in december almost regardless of what the jobs number says this week and all the rest. Also theyve been a laggard group. Thats been that benefit of money rotating into the areas that havent participated so i kind of have felt over the course of this year that they were a little bit overloved. People thought we would just basically be this magical trade for a while. They were rock stars. I think were in a phase where they can pick up some ground. David, if this sunt gain traction for you, what are the alternativ alternatives, where would you go things that havent done well this year poised to have a better Fourth Quarter. Talking about energy we like Energy Companies occidental, exxon, good businesses paying nice yields. Consumer staples had a poor first quarter. These levels are startinging to get pretty good dividends, start to trek back into that area. General mills, kimberly clark, Good Companies pepsi was off today. Thats good for president nethe months. Speaking of pepsi, sandy, Equity Income, we have consumer staples, where do you guys stand on those thats an area weve been a little bit more concerned about just because youre not seeing the growth and they are so impacted by all the destruction that were seeing with amazon, walmart, is walmart and amazon really going head to head with each other you have the entrance of aldi. We think a lot of these businesses could be challenged here in order to, you know, be competitive. Theyre going to have to lower prices and thats going to lower profits. And michael, perhaps the most notable thing paabout when we s today, had names like general motors, while amazon was weaker. You put it well earlier, said its the smaller value plays in lieu of whats working so hard, the big platform companies. To plant a flag in that, all the issues facing facebook, regulatory. Exactly the faang names and related big Growth Stocks have been places where people felt they could hide if the economy wasnt really accelerating, and thats getting unwound a little bit here. I wouldnt go overboard. Yes, now all of a sudden you have to worry about facebook having margin squeeze because they have to get less virtual and more hands on with their business that is coming into play gm is fascinating. The stock has broken out considered to be a play on the future, not the past because of the electric vehicle stuff na thats been an interesting move to watch kind of a goose to the replacement cycle obviously after the hurricanes. Thats where we stand on a day where, again, the dow over 22,25 22,500 for the first time. Nasdaq over 6,500 for the first time russell over 1,500 for the first time sandy, david, thanks for joining us. Thank you. Thanks a lot. Appreciate it. The mass shooting in las vegas passing appall around the country, raising familiar concerns soft targets, hotels, concerts, parks, continue to be the subject of concerns for Security Experts and civil liberty activists. Well take a look at some of those challenges next. President trump set to visit puerto rico tomorrow after Hurricane Maria devastated the island well head there live to find out just how much progress has beenadinheebldg forts. T ruiin opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. whoo woman class, lets turn to page 136, recessive traits skip generations. molly i reprogrammed the robots to do the inspection. Its running much faster now. See . Its amazing, molly. Thank you. quk bawelcome back we got some newsen to tesla, here with phil lebeau in chicago. Phil reporter Third Quarter deliveries are in. Tesla delivers 26,150 vehicles majority of those being model s, model x. Whats most interesting is the reaction of the market to the number of model 3 deliveries in the Third Quarter. Coming in at 220 thats a little bit lighter than some analysts were expecting tesla saying that the model 3 production was impacted due to what they call production bottlenecks. So it was less than anticipated according to tesla the model 3 production the company then goes on to say, we understand what needs to be fixed and we are confident of addressing the manufacturing bottleneck issues in the near term. So, again, tesla delivering a little over 26,000 vehicles in the Third Quarter. 220 of those being the model 3 kelly, back to you all right phil, thank you. Quickly, michael, tesla shares only down 1 . They are well off their highs, recent highs of 380, so i think people have grown a little bit concerned. Look, it wasnt about this quarter but still you have to start ramping up year over year gains in production if youre going to justify where this stock especially now that the incumbent are starting to all going elect this is the trade today. General motors at a recent record, tesla shares down about 1 after hours. Weve got news on ge lets get to Morgan Brennan with that morgan reporter hey, kelly, thats right. A leadership change at ge. Effective today. Jeff immelt is retiring as a director and chairman of the General Electric board youll recall that immelt stepped aside ceo. John flanery took over october 1st. Immelt going to remain chairman until years end now we got a press release from the company saying hes stepping aside, flannery is going to take over as chairman according to this release, i immelts determination that the ceo transition has proceeded smoothly and flannery is ready to succeed him as chairman of the board. Also worth noting immelt is retiring as director and chairman of the board at baker hughes, now a ge company lorenzo simonelli, president and ceo of baker h er hughes is goio succeed him. Take a look at shares of General Electric, they did close the day up slightly higher again, immelt is stepping down earlier than expected as chairman of ge back over to you yeah. Moving a bit higher on that, too, morgan. Thank you. Opens him up to do other things here, mike b l, including lead uber. Slightly accelerated handoff for the chairmans job ge does not have many ceo transitions. People should keep this in mind. They have longtenured ceo. First one in 17 years. 17 years. Welsh was 20 years or something before that. Theyre careful about it yes, given the fact we now know immelt is open to other opportunities makes sense to hand it off sooner. All right thats the latest there. Now to last nights attack at a concert in las vegas, the deadliest mass shooting in u. S. Histo history. Eamon javers has more from washington on those protection efforts. Eamon . Reporter yeah, hi, kelly, thats right the soft target is the security term for the places where we spend most of our lives, churches, schools, workplaces. Theyre so madingly difficult for Security Experts to offer any Real Solutions for in terms of preventing any attack like this because you can expand security perimeters as far as you want, but theres always going to be an area just outside of that security perimeter where people are lining up to go through and that area will always be vulnerable the fbi did a study of shootings, Mass Shootings between 2000 and 2013 looking at sort of where they took place, and its the locations of our daily lives. Take a look at these statistics. Businesses represented 5. 6 of the locations of active shooter attacks in that time period. Places of education, 24 plus percent. Government 10 open space, 9. 4 thats pretty much everywhere we spend our lives as americans its very difficult to secure everything all of the time and the advice that Security Experts give you on what you should do individually if you find yourself in one of these situations is also a little bit frustrating and grim pp three things, run, fight or hide the best option you have, run and put as much speed and distance between you and the source of the gunfire, source of the danger as you possibly can they overwhelmingly advise you to run first if you cant run, hide barricade doors if youre inside a workplace or a school. Turn off your phones play dead if the shooter is in the room with you to avoid any attention from that shooter. And then as an absolute lastcase scenario, kelly, they do tell you, you might have to fight if youre confronted with an active shooter and theres nothing else you can do. Throw heavy objects. Get something into that persons face and very aggressively commit to your action and see if you can get that weapon away from that shooter, but that is an absolute last case. Best option in any kind of situation like this is to run. Tragically, what we saw in las vegas is even running didnt do that much for those people because this shooter had such a Vantage Point and such a wild field of fire that people who were running could still be cut down as well theres almost no place to run to for those people in the very dangerous zone kelly . Not to mention the stampede risks as well. Eamon, still, thank you very much eamon javers lets talk more about how to protect some of these targets with larry barton, instructor and Threat Management at the fbi academy and professor of Public Safety at university of central florida. Also with us, lou polo many,mbo, director of a private Security Firm thank you for being here larry, whats so chilling what about we saw in las vegas, three options eamon described basically wouldnt have helped you, the shooter was so far away its one thing in youre in close quarters, could even make the argument for being armed and able to shoot back and defend yourself hide and so forth. But what happens when somebod s somebodys, you know, what to me, looked like a couple of blocks away, 30 stories up what are people supposed to do to defend themselves well, kelly, the best thing you can do is what you heard which is to run. Obviously this was an unprecedented attack to think about the amount of time and effort, even the mentally ill and to commit this kind of act, you have to by fact be a mentally ill individual the amount of time and preparation to get the weaponry in that room to have two different room rooms. This is part of the issue in terms of a challenge for Police Officers but especially to your good point for the 43 Million People that come to las vegas oar go to a Movie Theater tonight in miami, basic safety one of the fastest things i can tell you, if youre ever in one of these situations, act quickly. Survivors, we interviewed survivors at the pulse in orlando, san bernardino, be you, bill and i talked before the people who survived moved quickly. Thats incredibly important. Lou, one sort of side note, an important side note to moving quickly, though, is the sfam peed ri stampede risk. We cant know what happened in las vegas. Even sometimes when theres not actually a shooting, jut tst the threat of it would you recommend to people to case where you are, suggested earlier there should be kind of an exit plan that everybodys aware of if you all of a sudden need to exit quickly without causing that kind of panic. Is wewell, its very difficuo teach people not from the Law Enforcement community or military background to become comfortable with this concept called Situational Awareness i dont think i want to put the responsibility of safety and survival of events of this type on the backs of our population i think it falls to the private security sector, and most importantly, to the Law Enforcement community. They have to come in and start to make better plans and implement procedures that will further enhance the safety of these environments and it can be done larry, hotel or casino is in a way kind of uniquely vulnerable in a sense that people freely come and go all the time whether theyre guests or not. You dont check necessarily in advance unless theyre going to an elevator. Are there ways in terms of surveillance, in terms of techniques for trying to have more of a technological awareness of whats going on, be oriented in the direction of looking for potential threats inside oh, great question. Heres the reality of hotels ive worked in the hotels in las vegas for 30 years the priority of their security for the 125,000 rooms in that city is first the vault, secondly is the information security, and third is the cage. Its about the robbery thats how their security thats the architecture, thats the chassis. They do care about the guests. Thats obviously the thousands of cameras theyre there primarily to watch to make sure that theres no robbery at the property. You are your own director of security thats why its important that wemention this so in terms of the hotels, what we really have to do, you just heard this very nicely said, we have to redirect our resources so that we get the properties to be part of the solution. That they rehearse these situations theyre more than ready for a robbery. Steve wynns daughter was kidnapped several years ago. That property managed that with great discretion the media was supportive they know how to manage a robbery. Its this kind of opportunistic crime that anywhere, a stadium, a theater, we dont in society have the Public Private partnership. I was shocked to hear the mgm admit that they need trauma counselors really youre running one of the greatest Largest Hotel chains in the world, you should have had those trauma counselors, gone to the ministries, gone to the mosques, gone to the synagogues, known your own eap program this is when we whats eap . We look to an employer thats an Employee Assistance program. Mgm has that for every employee. Guess what, every employer in las vegas also has an eap. Theres where trauma counselors could have come in from los angeles overnight. Im shocked to hear a Great Company did not think about some of the basic resources they have can i just mention one more thing quickly . I got this ten minutes ago youll be the First Network to know this. The good people of uber called me to tell me they picked up the perpetrator and girlfriend on september 9th and september 20th, guess where they took them to the mandalay bay. This is a good example where overnight this fell out of fortune. I suggested to uber, you need to call the fbi and give them that information. Thats what i was going to say, too. We need to be better at Data Collection and behavioral. How are people behaving when they go into a hotel, check into a room what was the story with room service . Did he have a do not disturb sign in the two rooms he was renting . Theres a lot of this thats monday morning quarterback guess what, weve been talk bing about this for 30 years. Lets ramp it up and keep people safe lou, you know, you also mentioned that you think the responsibility here falls to the private sector and Law Enforcement. What kind of responsibility do you mean by that is there something unique about this instance that makes that a particular challenge or should there have been obvious points at which more, you know, more of a which more scrutiny could have prevented this pr happfrom happening . I think what we need to do is a bit more proactive and start to come to terms with the new norm we no longer have the luxury of having hotels, shopping malls, Movie Theaters, churches and academic environments securityfree. You need to have armed assets in place to address any type of threat number one number two, and just to mention this, i ran the security for the Golden Globes for 14 years proudly without incident after 9 11, we implemented a completely different approach and plan with the support of the Beverly Hills police, the Los Angeles County sheriffs and the fbi. During the event, and if anyones familiar with the Beverly Hilton property, its a large horseshoe that was used with a big red carpet to introduce all of our celebrities and publicists and 3,000press people, and basically what we did was we prevented anyone from renting a room that overlooked the red carpet, and in addition to that, we had snipers in place. When you hold the high ground, you control the environment below. We need to be more proactive as a Law Enforcement community, and in a private sector. Not to contradict this gentleman, but i think its a tremendous responsibility to ask someone to come in and start to profile guests coming into cities like las vegas with the volumes of people. They are not clinically backgrounded nor experienced theyre just trying to get through the day themselves we need to be more proactive, spend a little money because were on a whole different footing here the thing i also want to say to you about this, this event isnt an anomaly the reason it caught our attention is because of the body count. Were at the point in this society where we have these incidents and when theres two or three people murdered, we gloss over them. Kind of like what transplaced in europe excuse me, canada. Because of the body count, this caught our attention there are ways to protect these environments each environment stands on its own merit. Each event in these environments stand on their own merit you need to go in just ten seconds on your good point, though, about security. And i think its important, kelly last one. We have to go. Larry sure. Real quickly would be this lets remember, were not asking people to be behavioral scientists but putting a gun in every teachers hands or have surveillance cameras in every part of the workplace is not tenable. I dont think thats what were suggesting, larry. Im not talking about giving teachers guns. Im talking about giving going into the private sector with companies that have prior or current Law Enforcement agent who have been properly trained not teachers and not private security people without Law Enforcement background weve turned a corner in this culture. We need to wake up and address our new norm this isnt the wakeup call. Weve had the wakeup call weve just been ignoring it. These hotels this is the fire alarm. Movie theaters thats exactly correct. Movie theaters, shopping malls need to invest in Armed Security excuse me. Properly trained and equipped to assess situations spontaneously and neutralize threats spontaneously. Okay. Gentlemen weve had shootings inside the cia and the pentagon, we can have them anywhere. Thank you. Larry barton, lou, thats also a very good point appreciate you being with us well take a quick break. When we come back, we have big hearings still to come on capitol hill later this week wells fargo and equifax. Well talk a little bit more about that stay with us if youd have told me three years ago. That wed be downloading in seconds, what used to take. Minutes. That guests would compliment our wifi. That we could video conference. And do it like that. snaps if youd have told me that i could afford. A gigspeed. A gigspeed network. Its like 20 times faster than what most people have. Id of said. Id of said youre dreaming. Dreaming definitely dreaming. Then again, dreaming is how i got this far. Now more businesses in more places can afford to dream gig. Comcast, building americas largest gigspeed network. Welcome back lets get the latest details on the shooting in las vegas with sue herera. Heres whats happening at this hour out in las vegas the death toll now stands at 58 after a gunman opened fire at a Music Festival on the Las Vegas Strip last night 515 people have now been hospitalized it is the deadliest shooting in u. S. History there were 22,000 people attending that concert las vegas authorities appealing to residents to give blood saying theres an urgent need to treat some of the hundreds who were injured people have responded. More than 1,000 people lining up at one of the two locations in the city in washington, former representative Gabby Giffords who was grievously wounded in h 2011 by a gunman joined her husband outside the capitol this afternoon, she raised her fist saying the nation is counting on you. The two say Congress Must pass legislation to keep Deadly Weapons out of the wrong hands meantime the suspect, 64yearold stephen paddock, killed himself at the Mandalay Bay Hotel before police arrived. Authorities found at least ten guns in his hotel room including assault weapons. His father was a Notorious Bank Robber who tried to run down an fbi agent with his car in las vegas back in 1960 he was on the agencys mostwanted list after escaping from federal prison in texas in 1968 a still developing story, kelly, well keep you posted as events warrant ill send it back to you sue, i was just going to say the New York Times is reporting he had 19 rifles in his Hotel Room Two on tripods and hundreds of rounds of ammunition. Right. According to an official. Theres a lot of theres a lot of kind of wiggle room in some the numbers it depends on from what nbcs Pete Williams has been reporting, depends on whether youre talking about the assault weapons, whether youre talking about rifles so its kind of still in flux, but needless to say, he had an enormous cache of weapons and the questions out there are now how did he get them into the hotel . But keep in mind, the gun show is coming to las vegas in just a couple of days so there are people who are bringing those sorts of weapons in and out. So, hopefully well get it cleared up sometime soon, but its still really a developing situation out there. All right, sue, thank you you got it, kelly. Sue herera. How could this impact las vegas tourism . Joining us is Rick Harrison, owner of gold and silver pawn, leading tourist attraction in las vegas, rick. Were glad to have you with us as a local whats it been like for you today . I went to bed early last night and i left my phone in the kitchen so when i woke up this morning, i had over 100 Text Messages and its been a pretty crazy day. I just found out that my 14yearold son, two kids from his school just got were shot so, i mean, this was hundred its just not the people who were killed, its affecting the entire community of course i mean, i wonder what are they doing at the schools are they having classes . Is it what are they doing my sons he goes to a private school theyre all in class today and its its a Religious School so theyre talking about it at school its go ahead go ahead. Well, im just saying its something you really, really need to talk about its when if you lock yourself in your house and you dont want to go out no more, theyve won and you just i mean, i people have to face the fact there is theres evil in this world and this was it. And i dont know if this could have been avoided or not but i think the best thing we can do, when we see someone acting really, really bizarre, call the authorities. I know. You wonder because now the New York Times saying this guy had 19 rifles in his hotel room. They say that there were hotel staff in and out well see if anybody noticed anything if anybody did and didnt speak up, im sure theyre thinking about that now ir it sounds like Cirque Du Soleil and a few things have canceled shows tonight. I understand the concern, but do you think thats the wrong thing to do . I think its business to business what theyre going to do its i mean, your last guest was just saying basically arm everybody on the planet. I dont think thats the solution i dont think we you know, i mean, we have to carry on. And its its something we have to deal with in life. I hope this doesnt happen again. I mean, just everyones got to keep an eye out. If you see someone acting weird, call the police right away its not one of those things, you know, i dont want to call the cops on him if he didnt do anything, just call them, anyway yeah. And rick, you know, its hard to necessarily handicap exactly how this might effect, if at all, the willingness of people to visit las vegas, gather in crowds, go on vacation to a place a lot of other people are. Were sitting here a few blocks away from the site of 9 11 attacks to the World Trade Center and flocks of people come in the immediate aftermath, people say, wow, nobodys going to go near tall skyscrapers anymore. What could you expect vegas built on to a large degree people coming from elsewhere to play, what do you expect the impact might be . They wont have open concerts with the right in front of the casinos anymore. I mean, we have a lot of other venues they could be at. Its sad, but i dont think that will happen for a long, long time and, you know, the i mean, Joe Lombardos done an amazing job. I mean, instead of talking politics and everybody that a lot of people are talking, we just need to get everybody lets everybody just come together and pray a little bit and get over this in a few days and lets try and come up with a solution after that. I mean, you know, everyones talking about there was a news report for 20 guns, 30 guns, 10 guns all that really doesnt matter right now. If you know somebody was affected, if your kids are upset about this, talk to your kids. You know, tell them thats what needs to be done right now. A lot of talking, a lot of healing then well figure out how we can fix it in a few days. Lets get over this first. Yeah, rick, thanks for joining us really good to hear from you thanks for having me. Thats Rick Harrison of the gold and silver pawnshop by the way, if you want to give to financially, the Las Vegas Victims Fund set up on gofund me by the county commission chair, raised over their 2 million goal. Next, well head to puerto rico, their Recovery Efforts there and when the island could begin to see its infrastructure and energy grid repaired. Plus nordstrom wants to go private. Problems in the Retail Industry may be unraveling prospects of a deal well have the latest for you coming up. Its what this country is made of. But right now, our bond is fraying. How do we get back to us . The y fills the gaps. And bridges our divides. Donate to your local y today. Because where theres a y, theres an us. [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. Are you ok . What happened . Dad kinda walked into my swing. Huh . Dont you mean dad kind of ruined our hawaii fund . I thud go to the thothpital. There goes the airfair. I dont think Health Insurance will cover all. Of that. Buth my fathe without that cash from aflac we might have to choose between hawaii or your face. Hawaii what . Haha. Hawaii you might have less coverage than you think. Visit aflac. Com and keep your lifestyle healthy. Aflac welcome back started off the Fourth Quarter with a big rally on wall street today that set records across all four major indexes the dow up 150 points. It closed above 22,500 for the first time the nasdaq closed above 6,500 for the first time with a 20point gain. The russell closed above 1,500 with an 18point game. The s p added 9 9, also an alltime high. News alert on equifax. Equifax announcing cyber Security Firm has concluded forensic investigation of the incident that is affecting the Credit Reporting Agency that potentially an additional 2. 5 million u. S. Consumers have been impacted by this Security Breach that happened back during the summer that brings the total number of u. S. Consumers that have been potentially impacted, Sensitive Data being stolen by hackers, up to 145. 5 Million People so according to this release from equifax, the newly appointed interim ceo saying that he wanted these results to be promptly released and that, our priorities are transparency and improving support for consume consumers, that he will continue to monitor progress on a daily basis. Of course, this latest disclosure coming ahead of whats going to be three days of testimony by equifaxs former ceo, richard smith, on the hill with lawmakers throughout the rest of this week. So, again, equifax saying that their forensic investigation has been concluded, additional 2. 5 Million Consumers potentially impacted back over to you. Morgan, thank you well speak more about this in a moment with sheila bair, former fdic chair get her thoughts on whats been happening there ahead of the testimo testimony. Take a look at nordstrom now. One of the worst performers in the s p 500 today. Encountering challenges to go private. Toys r us may to be blame. Share down 6 today. New york post reporting the highend retailer has been unable to severe financing for a deal because the toys r Us Bankruptcy has been causing anxiety in the narcot the marketplace. Reporting that Leonard Green would provide nordstrom Family Members with 1 billion in funding to take the store chain private, michael. I dont know if it took the toys r Us Bankruptcy declaration to inject anxiety into this area i mean, toys r us, over a decade ago, its known to be kind of a zombie in terms of the capital structure but the potential for take bing nordstrom frist has beprivate, retail deals. As hot as the credit markets are theyre areas they dont want to touch exactly. Up next, were going to have more on the Las Vegas Shooting tragedy. Cnbcs jane wells is in the shadow of the Mandalay Bay Hotel in vegas we will get the latest meig bk. Wets from here when co rhtac ngs season once again. Yeah. Lot of Tech Companies are reporting today. And, hows it looking . I dont know. Theres so many opinions out there, its hard to make sense of it all. Well, victor, do you have something for him . Check this out. Td ameritrade aggregates thousands of earnings estimates into a single data point. That way you can keep your eyes on the big picture. Huh. Feel better . Much better. Yeah, me too. Wow, you really did a number on this thing. Sorry about that. Thats alright. I got a box of em. Thousands of opinions. One estimate. The earnings tool from td ameritrade. Not rebalancing your portfolio. Pursuing your passion, not reacting to market downturns. Focused on what you love, not how your money will last through retirement. Let us help you with those decisions, and get on with your life. We make it easier to plan for retirement with day one target date funds from prudential. Look forward to your 401k plan. So what else is new . Humm. Shes doing good. She needs more care though. She wants to stay in her house. I dont know even where to start with that. First, lets take a look at your Financial Plan and see what we can do. Ok, so weve got. Well listen. Well talk. Well plan. Baird. Las vegas has more hotel rooms than any other city in america. And now those hotels face new challenges in the wake of last nights deadly mass shooting from the 32nd floor of mandalay bay. Jane wells is on the southern end of the vegas strip with that hotel lies and joins us with the latest now jane reporter hi, kelly the police are supposed to update us around 3 00 p. M. Local with new information, but new details do continue to come out, for example, the ap is reporting the gun flmans broth claims he was a multimillionaire who was a Real Estate Investor the New York Times is reporting as you said that he had 19 weapons in his hotel room at the mandalay bay behind me, two on tripods the sort of amazing thing, as we showed you pictures of what the hotel window looked like when it was knocked out. This is where he set up apparently the guns with his sites on tripods we saw that as we were landing from our plane this morning at las vegas airport. 19 weapons which he managed to get into this room the police say Hotel Personnel were in there, housekeeping, room service and presumably didnt notice. That is the sort of thing that every property up and down this street is discussing today what to do to make sure that doesnt happen again and is certainly on the minds of patrons like shay davis who was a bit bedraggled when we found him today. He was forced out, had to fend for himself and was trying to get back in. How easy do you think it would be to get several guns into a how he hotel room in mandalay bay apparently pretty easy which is sad. Reporter all you have to do is show your key. Yeah, theres no metal detecters. Theres no security checking bags but i think after this, theyll appreciable ma appreciab probably make some changes and be safer for everybody in the future thats my biggest hope reporter well, we will be staying at mandalay bay tonight. Interesting to see what the situation is like in there. I know one hotel team which mass been meeting to reassess its policies do you put up metal detecters in vegas, do you check bags is that really going do wto worn a place like this . In the meantime, all kinds of companies trying to help out, americanairlines waiving change fees here. Allegiant air offering free flights to families and victims trying to get here and get home. Back to you. It all right. Doing what they can at this point. Jane, thank you very much. Our jane wells. President trump is heading to hurricaneravaged puerto rico tomorrow then hell be going to las vegas. Up next, well go live to puerto rico to see what kind of reception the president may receive after entering into a war of words wh itthe mayor of san juan over the weekend, when we come back President Trump is set to visit puerto rico tomorrow as the island struggles to rebuild. Contessa brewer is there with the latest reporter kelly, there are still problems with the supply chain. There are still long lines at the atms here and long lines at the gas stations islandwise as well almost 70 percent of the nation have fuel up and running some have lifted the ration limits food distributor plaza provisions is moving food and water to walmart and costco, many others. It has so many big orders, though, that it says it cant fulfill 16 of its trips today, even though its operating on a 4 00 a. M. To midnight schedule electric power still a big prong. Unbelievable damage driving the island this weekend. Crews are working on transmission lines, but right now only 5 are connected to the grid lufthansa sees the lack of water and foos, communication as a big problem. The airline flew in 80 tons of good from frankfurt to keep its nearly 400 employees at the airline facility going here. Its a repair facility theyre still waiting to fully account for all their employees. I have to tell you, throughout this island, i saw so much selfsufficiency and teamwork, and just a personal taste of what its like to be out and about. My photographer victor came to the island not knowing whether his sister, living in their childhood home was even alive. Watch what happened when we finally went through the town where she lives. Oh, my god oh, my god jr. I have three letters for you three, sending help, help help help oh, my god oh, my god, it was terrible. Oh, my god. It was terrible, junior it was terrible. Were you alone . I was alone with my dog inside the house the house trembled, we saw the cyclone and everything it was like look at it. Im looking at trees. What trees . It was like reporter you know what there are so many people hoping for a similar reunion, too were hearing from them on twitter. Thee asking, did you go through my moms town . What does it look like so much desperation for communication here. Weve heard stories like that around here, too we were glad everybody was okay in that case contessa, thank you very much. Contessa brufr for us in puerto rico the former ceo of equi and sheila bair tells us what to expect from that threeday testimony, after this. What started as a passion. Has grown into an enterprise. Thats why i switched to the spark cash card from capital one. Now, im earning unlimited 2 cash back on every purchase i make. Everything. Whats in your wallet . Listen up, heart disease. You too, unnecessary er visits. And hey, unmanaged depression, dont get too comfortable. Were talking to you, cost inefficiencies, and data without insights. And fragmented care, stop getting in the way of patient recovery and pay attention. Every single one of you is on our list. At optum, were partnering across the Health System to tackle its biggest challenges. Welcome back news from equifax just breaking. CyberSecurity Firm mandian found 2. 5 million additional u. S. Consumers may have been impacted that brings a total to 145. 5 million, top execs from equifax, including rick smith, former ceo, will head to congress to try to explainened and maybe defend the hack. Sheila bair is former chair of the fdic thanks for your time. Happy to be here thank you. Number of people affected the sense that somehow the executives are somehow getting off scotfree, we may see a lot of demands for claw backs, do you expect equifax have to do that it seems completely appropriate. The board has said they are considering it lets hope its meaningful i think hes going to have a rough time, as you might expect. I read his testimony earlier today, and i think hes striking a good tone. Thinking back to john stump a year ago, hes not belisling his employees, but thanking his employees, supporting his team i thought really striking a very humble tone. He made a lot of commitments about improvements in security lets hope thats all right. These government investigations will determine how much they have helped here and made progress, but overall, i think, you know, its a bad situation theyre probably making the best of it that they can. Its become common to heard the Credit Reporting agencies referred to as an unregulated piece of the financial industry, even though theyre at the center of a lot of it. Yeah. I wonder theres obviously hose scores can be used, but is there anything more to be done yes, and i think thisunder scores some of the issues. There are in oversight in terms of how they interface with customers in terms of reporting, making sure when they report their credit that its accurate, and way toss correct that when its not accurate. Thats been a problem in the past but the primarily focus, especially for the cfpb has been in that process, looking at them in terms of data collectors, holders of large amounts, obviously very sensitive Financial Information about million of people has not been a focus, not a clear mandate theyre not a regulated bank regulated banks have layers and layer of guidelines and requirements and multiple lines of defense, and supervisors coming in and taking a look, so i think more banklike oversight, at least on that piece of it really would be i think we also need to empower consumers, too i think they did take a big step in the right direction by announcing this credit lock and encouraging the other two do do it as well this is nod a credit freeze, its a credit lock you have your Credit Report locked up. They can still sell your data for marketing purposes, so maybe we need to figure that out, too, but thats a good step in the right direction. Thank you, sheila that does it for closing bell. Fast money begins right now. I am Brian Sullivan in tonight for melissa lee. Tragedy on the strip 58 People Killed more than 500 injured after the deadliest mass shooting in history. More questions remain than answers. Well have details from the ground as they develop. Th
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