Going on and Cherry Blossoms are blooming. Its one of the most visited times of the year for the capitol hill area. Im sure that thats being taken into consideration as well. In the control room if you can bring up the 10year yield and 2year yield that would be interesting as well to see if weve seen a little bit of safety there, that would be a natural reaction to whats been happening. The 2year had been going up after the sale. Auction came out at 1 00, highest yield of the year and i have not seen what its done since that time. Good point there. Were monitoring the report that gunshots have been heard in the Capitol Visitors Center which is as we mentioned a moment ago underground complex that allows entry into the capitol. All right, out of associate press, also from reuters, Associated Press quoting capitol officials, one Capitol Police officer, shot, not fatally, the shooter in custody. The Police Officers wound is not serious and that is obtained from the sergeant at arms office and that reuters source also says the shooter is in custody. We nbc has not independently confirmed that but that is what Associated Press and reuters are both reporting. One gunman captured and one policeman injured at this point. Thats the bottom line exactly. Thank you, well take it from here. We do welcome you to what would normally be closing bell. We want to take you to capitol hill where our chief washington correspondent john harwood is standing by. What can you tell us . An ambulance has left the capitol, possibly containing that Police Officer who as you just reported reuters is saying was wounded. That report flashed just as i was awedably hearing since were a block abway from the capitol, sirens in the background. It is possible that this incident is concluded. Dont know the facts beyond what you all just read a moment ago from reuters, but ive got lines out to sources in the capitol to try to figure out more. John, thank you. Obviously a couple lets get right back to sue herrera with more. Kelly, at this point, the sergeant at arm is being quoted by roiters and Associated Press as saying that one Capitol Police officer has been shot, not seriously wounded. They do have the shooter, singular according to these two reports in custody. It seems to be focused on the Capitol Visitors Center which has seen shooting incidents in the past. Its a very busy week with spring break going on and Cherry Blossom festival going on. Normally that part of capitol hill is very crowded. But as you can see theyve blocked off the streets and do have a very heavy Police Presence right now. You see no one on capitol hill at this point. The shelter in place order was put into effect for congress and in addition they locked down the white house as a precautionary measure. Thats why when you see that live shot and they widen out, the only thing youre going to see are Police Vehicles and emergency vehicles because at this point theyve asked everybody to either stay in their offices and shelter in place or if ufr in the underground tunnel system, that connects virtually all of congress and parts of capitol hill, you can use that. But so far what we have is one officer shot, not seriously wounded and a shooter in custody. Back to you. The market response here were looking at the dow, 25 points off the highs of the session, a lot for the investment community. It will depend on the motivation, if it was a motivated assault bill versus some sort of incident or whether it has any type of terrorist group that would be a vastly different reaction. This seems to be a relatively contained situation rather than some sort of skirmish that broke out. Here on wall street the response, youre probably going to see more magnified than what you would get otherwise because it is a thinly traded market. Very quiet trading he is especially here at the new york stock exchange. And it was close to about 2 45 eastern time when we were just getting word about the shooting occurring there in washington and almost immediately is when the market started to go south and s p and nasdaq turning negative but the dow now up just about 15 points at this moment. Were not seeing a tremendous market response right now but were not getting it anyway because it is a very thinly traded market at this point. We have steven gilfoil from deep value. Looking at the market response, whats on minds of investors . Given that there are thin volumes, you might have seen a imaginefy fied response if there was something bigger here. At the time that rumors of this started to break, the s p was starting to get over the 2041 level which is a technical level. The news broke and came into 2045 but found support there leading me to believe this is likely a criminal act, not an act of terrorism and a contained at this point. John harwood, you have something for us . Bill, i just got a note from someone inside the capitol confirming what sue herrera just reported about the fact that the police Capitol Police officers wound was not serious and shooter is in custody. It also said the guidance to staff within the capitol is to remain sheltered in place. That could be an abundance of caution as investigators figure out for certain that this incident is contained but i wanted to add that note, the guidance to staff within the capitol is still shelter in place. John, thank you. Sarge, a lot of chatter as word was getting out and you could hear it seeping around the floor. What are you trying to figure out in the you watch the market response but you have to respond yourself as well. You have to try to figure unite if it is a terrorist attack and if its big. If you figure out like today it seems like its not so big, that is it contained, even if it was terrorism, but probably isnt, its not out of control. If there was something ongoing, that creates uncertainty. And although we are concerned for loss of life in those things, we also have to protect peoples money. When theres uncertainty, people run for the hills. We also remember similar incidents like this we know little at this point, but when the woman from stan ford tried to crash into the white house, that was only a year or two, people have jumped over the white house fence, that sort of thing, in this case again, it depends largely whether its some sort of criminal act, a squi skirmish of some sort or something worse. People are crazy. Which markets would you expect to see respond the most to give you a sense what the markets believe is going on here . Gold . Would you see that. We were talking treasuries earlier. If there was something truly to worry about, gold is where people would run. Treasuries is where people would run. Ren out of equities and might see a little strength in the dollar too. The dow is coming back to some degree. Lets go to eamon javers. What are you seeing right now . Were at the Second Street northeast and maryland avenue. Just behind the Supreme Court building and they have the capitol complex on lockdown here. Police officers not letting us get any closer to the Capitol Building than right now about a block away from the advice tores center. I talked to a Capitol Police officer at headquarters who toild me there was a situation that as far as she knows was still ongoing a few minutes ago but other Police Officers here are giving us a little bit of conflicting information. Were trying to move into position and in to figure out what exactly is going on. It looks like an all campus lockdown. Fairly standard procedure here on capitol hill. We have a lot of security alerts here as you know. This is a very Public Institution and a lot of tourists and people all over the world and Security Experts have said the Capitol Building itself one of the most recognizable buildings in the world in terms of a potential terrorist but no indication whats going on. Youre northeast of the capitol around the Supreme Court building. Is that about where we believe the event took place . It is about a block from where were standing right now, were actually walking and trying to get cloegser, the Capitol Visitors Center is a relatively new installation which is underground between the Capitol Building and extending east from the Capitol Building towards the Supreme Court building. Thats where we think whatever has happened here, possibly a shooting took place. But were not able to get close enough now to see it and they are not giving us a whole lot of information. What are you youre obviously moving around here. Is that being frowned on . Are they trying to get you out of position there . Any people Walking Around at all . We see a lot of tourists from the Supreme Court or we saw tourists from the Capitol Building the just now, moving away from the Capitol Office buildings and Capitol Building itself. A lot of people from out of town here and they are crowding the sidewalks now and moving generally away. Theres no real sense of panic in the air, people are pretty calm, moving away and following Police Officers directions right now. Im reminded the easter egg roll was earlier today as well. More evidence of the how many people were talking in the city right now. You know reporter i can tell you from john har dsz wood saying hes confirmed from an official that there was a Capitol Police officer who was wounded and that wound was not serious. I dont have any more information other than other than that report from johnharwood. Its not clear as well whether that was the shooting that was initially heard reported and prompted the lockdown or something that followed. Thats still not clear. Where are you headed now . Are you going to the advice tores center. Reporter were trying to get to our live Camera Position and we are as i say about a block from the Capitol Building itself. I can see that theyve got the advice Visitors Center plaza, from where were standing, theyve got that closed down and there are maybe half dozen Police Vehicles lights on, couple of fire trucks with lights on and theyve got the barriers that are on the middle of east capitol street itself, those barriers are up and blocking traffic right now were sitting here trying to figure out where to go and what to do. Well check back with you. If youre just joining us, about almost half an hour ago we got word of shots fired near the Capitol Building around the Visitors Center in washington, d. C. What we know now, one Capitol Police officer was shot, not injured seriously, were not sure what that means, to the extent of the injuries and the capitol shooter is parentally is in custody at this point. Joining us on the phone, a former assistant Homeland Security secretary. Thank you for joining us. Can you give us a sense of what happens when word gets out like this . Who is goes into action at that point . Sure thing. I mean, as somebody mentioned earlier, everybody is pretty much on a heightened state of alert with respect to whats going on in paris and brussels and san bernardino. Security is very heightened to any type of incident. They have the appropriate protocols in place that say if theres a shooting incident, first thing you do is lockdown as a response to that. Any other facilities or buildings and other high profile targets, immediate area will go on immediate lockdown. Youve got to take a very cautious and conservative approach because you dont know what youre dealing with, you dont know if its going to be probably not a terrorist attack. In the event that it could be, you dont know that. You have to respond as though that might be first incident or diversionary. Its not routine but its clearly something which is in their planning process to make sure they can be very quick to respond and contain an event. I would imagine too, if it is the Capitol Building any significant washington, d. C. Properties or maybe some other obvious targets in other parts of the country there are more significant response and shutdown lockdown plans than if this just was a shooting that happened somewhere else. What kind of additional planning is there for Something Like the capitol when a shooting breaks out . Without going into too much detail. You have the first level of response which are the uniformed Police Officers which are highly visible. At the checkpoint and stationed around pennsylvania avenue and constitutional avenue and Access Points to the capitol. Then youve got Response Teams as well. Those that are going to be responding to ensure they can have the right levels of fire power and right containment capability in the event it is an attack. Ful you have an ongoing active shooter attack, you want to ensure you have the correct response available to you and both Capitol Police, park police, which have jurisdiction across the mall and u. S. Secret service and uniformed divisions are all intercommunicating to make sure they have the right responses to overlap and they respond so you dont have a friendly fire type of incident. And youre going to have that kind of response available to you on a moments notice prepared for events like this and backing off as soon as they can contain it. If youre just joining us, the reason were not sitting showing you pictures of the new york stock exchange, weve got word about almost exactly 30 minutes ago now there had been a shooting incident in and around the capitol. One Capitol Officer has been shot but not seriously injured were told and a shooter has been taken into custody. But and were talking about robert list cow ski, what you seem to be suggesting, even if they have got somebody in custody, they cannot assume its thats the only person. Theyve got to do a thorough search. How long just based broadly on what we know at this point, how long would you imagine thats going to take before we can get an all clear . Its situational. We dont have the immediate details available to us. Theyve got somewhere in custody and searched that individual and identified who that person is, male, female, do they have identification, what kind of vehicle they came in to identify thatvehicl they are look to look at the cell phone to see if they have communications that might be indicative of any kind of planning stages. Wns they get that sorted out and it gets confusing in the beginning because you have people reacting. Theyll try to quickly go back to normal as quickly as they can. But their First Response requirement is to make sure they have the threat contained and add qualitily identified and really once things are con toined, thin they can kind of put things in motion that allow for a more methodical approach less hurry and more thoughtful. You want to deescalate to control the situation and then begin to understand what youre looking at. In some cases you dont have that benefit, right . Things are still ongoing and quickly evolving. You have to get information out to responding officers as quickly as you can. And the information is frequently not accurate mr. Secretary, if you can just hang loose for just a second here. Sure. Well get back to sue herrera. This is according to nbcs Pete Williams who was just on our Sister Network msnbc, federal officials telling pete what happened according to petes sources is that a person entered the Visitors Center with a firearm, pointed the gun and at a Police Officer who then fired at the suspect. Its turning out as this continues to evolve that the suspect was wounded but according to Pete Williams not critically. Petes sources are now saying that no Capitol Officers were injured. Thats in contrast to Associated Press and reuters who were quoting sources saying one Police Officer was hurt but not critically. It could be that the shooter is the one that got shot but apparently it did take place at the entrance to the Capitol Visitors Center. The suspect walked in, point d a gun at the Police Officer, the officer shot him as a result of the shots fired capitol hill basically is on lockdown. The shelter in place is put into effect and u. S. Secret service telling nbc what they did out of an abundance of caution, close down the white house what they call the fence line. If youve been to washington and want to see the white house, you know theres that big metal fence you can get close to and look at. Theyve closed down the fence line which keeps people further back from the white house. They were nol willing to go far enough to say the white house is in lockdown. The fence line is closed. We do have one person injured, it probably according to Pete Williams is the suspect. According to his sources, no Capitol Officers were injured and it did take place in the Capitol Visitors Center. Back to you. Thank you. Its very interesting you know, again, before we were reporting this, there was chatter on the floor here and what some of the traders through their sources were hearing was that the shooter was down. But we were not hearing that through the Wire Services initially. In fact im looking at another wire Service Report that is still saying that its the Police Officer shot. Again, youre going to get these conflicting reports but it never seize ceases to amaze me the sources they have that they can get information very, very quickly here. Thats true, weve been watching the market fluctuating around. The dow is up 36 points. We had almost gone negative as people tried to digest what exactly whats happening. We have john harwood standing by. What can you tell us . Bill, a source within the capitol just emailed me an update from 9 stargt at armsz saying the capitol will remain on lockdown for some indeterminate period. No one allowed to enter or exit a building though people can move around within buildings or underground tunnels between buildings and if people are outside in the capitol complex, they are advised to seek cover. Sergeant of arms is not treated it aas a concluded event although we have no indication of any further activity. D. C. Police department tweeting this is an isolated incident with no active threat to the public. Eamon, what are you seeing . Were at east capitol and Second Street. I want to let my camera man take you inside what we can see. This is looking east looking west towards the Capitol Building. The Capitol Visitors Center is underground in front of of the Capitol Building where were standing right now. You can see that Police Activity and fire activity all concentrated around the Visitors Center area, which is where we think this incident happened. Police officers here at Second Street have the street blocked off and antivehicle barricades up blocking all traffic and entrance into this area. Were right next to the Supreme Court building. This area where we think this happened is a very sensitive area in washington, d. C. , just between the Supreme Court and the capitol. Also, one of the most security intensive areas here in washington, d. C. As well. A lot of Capitol Police presence on this block on a day to day basis and lot more in evidence right here. No information coming to us from Capitol Police as to exact lip whats happened here but they they have this capitol complex on lockdown and a lot of the Office Workers and tourists have been told to get out and move away from the area. Thats what they are doing. Police are blocking off the street and not letting anyone in or out. We have seen a couple of ambulances go in there, that might be an indication of some of the concern thats on site right now. All right, thank you. Eamon javers. The markets are still sitting there. Its back, its above 2040 on the s p 500, almost right where it was when the news broke. The market has decided this is not a nonevent but not such a big event. Containable event. Unless the second shoe drops suddenly this is over as far as the market is concerned. On the phone now with us, we welcome rick kahn, a former retired fbi agent. Thank you for joining us. Who is in charge in an event like this . I mean, who is calling the shots at this point . Do you imagine . The Capitol Police are calling the shots as far as locking down everything. Immediately Something Like this, the next in place, fbi, demt of justice is involved, the question they are trying to resolve at this point is was this a lone actor and what do we know about him. So with an abundance of caution they are going to keep things on lockdown until they have some sort of confidence they can answer those questions. Rick, remind me, were talking about here. How common is Something Like in. This happened once before in the past decade i think but beyond that this is one of the scenarios that the metropolitan police and Capitol Police would train for and have some sort of plan in place. They have Trained Personnel knowing exactly how they want to respond to this sort of thing. And again, the big question could be resolved at this point is is it one lone actor or are there other conspirators still at large . All right, were going to go at this point rick, thank you for your insights on this incident there. Sarge, we are heading to the close so there will be trading taking place here. This turns out to be something of a nonevent as far as the market goes right now because we we believe it is containable here, right in the. This is true. 2041 goes back to being our level for the s p 500. If we get over that, we like to make a run at the 2050 but janet yellen is speaking tomorrow. Well see what happens then. Thank you. Well let you go at this point and happily we can say at this point we can step away from that and get to some of the market coverage here. Well take a quick break and when we come back, more closing bell. Stay with us. Youre an at t Small Business expert . Sure am. My staff could use your help staying in touch with customers. At t can help you stay connected. Am i seeing double . No maam. Our at t buy one get one free makes it easier for your staff to send appointment reminders to your customers. And share promotions on social media . You know it now im seeing dollar signs. You should probably get your eyes checked. Good one babe. Optometry humor. Right now get up to 650 in credits to help you switch to at t. Welcome back, we have about 30 minutes left before trading ends. In last hour, if youre just joining us, we had word our attention was diverted from wall street to washington on word of a shooting near the Capitol Building. The bottom line is that the capitol area is on lockdown right now. People in those Office Buildings are on high alert and sheltering in place. But it appears it is an event that is over now. The shooter has been taken into custody and were waiting for an all clear. Right now an all clear from washington street. The dow was up 63 points when word got out about the shooting and it almost went negative but has since come back and we now head to the last half hour. Bill, thank you, im on the floor with ben willis, as we devist whats happening in washington, these markets have been kind of flat today and we have janet yellen speaking tomorrow. Whats driving us into the close . The original buyin balance was a billion dollars to buy. Its paring off a little bit as we speak. Today was pretty much expected a nothing day obviously with the exception of a shooter in washington. The 2035 on the s p is a critical, becoming a pivot point but the big story is going to be janet yellen moving the Global Markets and whether she takes the mantle of beings head of the fmoc or world bank and Steve Liesman question being asked, well find out, whether shes a dove or hawk. The information we just got on the economy could change the tenor of her remarks, not that they react to day by day information but the fact that Consumer Spending was not there like we thought and profits report was ugly. Im surprised its holding up as it is. Equities are still the place to be, theres a disaster out twoyear note action. So theres still to me an an shouseness in the marketplace not wanting to miss anything but the buyers in the market have been selective, leadership has gone into strange traditionally safer havens if you will. Again, i still think that the tendency of the market will be to the upside not the downside. Well watch it into the close and let you go. All right, meantime, tesla shares are higher today as investors await the unveiling the teslas model three later this week. The starting price point announced hat about 35,000 and relatively inexpensive tesla, elon musk is making a bet on the car going mainstream. Will it pay off . Lets get the bull in the bear case, James Albertine has a buy rating and 325 price target on tesla and collin from ubs has a sell rating with 120 price target. Thanks for joining us. James, why are you so bullish it has come back a lot in the last month or couple months. Why are you still bullish on this stock . Thanks for having me. I would say the bearishness going into the last Earnings Release had a lot to do what was going on with the market at the time. The concern we were maybe going into a mild recession and weakness at the luxury at the higher end, as you peel back and look at specifically where tesla is on its trajectory. They just unveiled two luxury price point vehicles and producing them at an accelerating clip. If you dig through the numbers, they are going to continue to grow at the significant piece, luxury high end taking share there. The model three at the lower price point is a significantly easier vehicle to build and gives them the opportunity to quintuple over the next four to five years. A real exciting time to transition to a volume manufacturer based on the earnings of the luxury side. James, you have a target of 325 on the stock. Its at 231 and colin, you have 120 on this stock. Do you think it is more bad news than good news . I think at this point youve seen the stock run 60 since q4. Fundamentals are pretty weak. I think youre pricing in at this point a lot of bullish expectations of the model three that i dont know that the stock will live up to. Theres definitely a risk there once its revealed and youre still wait for the next catalyst and its unclear what thats going to be. You dont think its enough of a catalyst . I think my point is its already priced in and run 60 into the reveal. You need to believe youre selling 1. 5 million vehicles in ten years, that puts them in the league with bmw, mercedes, youre see ag lot of competition enter the space. Im caution on the name. I wonder, james, once they hit 200,000 of these sold gs the subsidies start to go away. What happens in an era beyond subsidies if were moving into one . You could argue theer receiptically that a 100,000 price point were not talking about consumers that needed the 7500 subsidy and yet its outselling the flagships and s class in european. To put that perspective were talking about the model three as part of teslas move to broaden out who it can sell too in the future. A 35,000, it is a big difference and makes it more a ford than a mercedes. And the tleer series less of a car, thats my point. They have a time to distance themselves in terms of product they are offering at that price point. I will think youll see in the same way you saw consumers recognizing the propry tri, whether its safety or over the year updates or fact that the maintenance costs are lower. Youre going to see the same things play out at a lower price point. When you talk about leezing and residual, they can still get in at an affordable price. What about colins point of view that understood to get it to two higher from here, you have to sell a ga zil onof these model threes. I respect colin, you have to pick a side on hess attesla. At the ends of the day, i dont think the number is 1. 5 million, he understands this i would assume as well, the Auto Industry is up against capacity issues and quite frankly theres a view among investors that the broader industry is overcapacityized. On some level, some of the established manufacturers can make fewer units and their stock would perform better. Tesla is on a completely different side of that curve. If they can get to a point where they are doubling and tripling in size over the next five to ten years, the growth rates women not be close to resemble where we see a static to declining growth in the industry. I think theres quite a bit more room to run. It was 280 to 290 at peak. I dont think were totally out of gas here. I think i add up two points on that. On the model three, comparing to a 35,000 car, theres a question in the economics and residual value in ten years and battery has to be replaced. I also think when you look at the stock, you have to realize, you have a lot of cap exand they are burning cash. I think theres a lot of reasons to be cautious still. Good discussion, thank you. Well see what it does after the unveiling on thursday. Appreciate your thoughts on tesla today. We have a developing story on fraud charges at an Investment Bank run by paul toddman, spun off from blackstone this year. Kayla has the latest. Reporter we are awaiting the developments in a hearing or appearance of andrew casperson, a 39yearold former principle at blackstones Fund Placement group, its called park hill, part of the pgt spinoff that occurred in october. After criminal charges reunveiled by the u. S. Attorney for district alleged charges of securities and wire fraud where he was allegedly taking a 25 Million Investment from a charitable foundation, which he said was going into a secured loan into another fund but instead wired part of that toact 40,000. Were xpeting to see whether mr. Casperson will be posting bail today. It should be noted that pjt partners did say they terminated him as soon as they found out about the fraudulent behavior and notified authorities when they were alerted by an investor asking questions whether this money was going and casperson had been trying to solicit money for the vehicles that he was trying to set up. The purpose of which is still unknown. A statement from pjt partners said they are cooperating with authorities. A uncondition principal of integrity has been a value, begins and ends with honesty and france parency, the absolute cornerstone for our firm. They were shocked by the behavior and said it will cooperate with any investigation. Well let you know any developing news from here in lower manhattan. Thank you so much. We have 20 minutes lift in the trading session, dow up 21 points on very light volume. It feels like a day after a holiday and europe was closed. We didnt even that kind of trading you would normally get before noontime here on wall street because the european markets were out of commission today but the dow right now up 22 points. Shares of one bee toshio tech are skyrocketing after a study of migraine treatment. What this treatment means for migraine sufferers and drugmakers future. Donald Trumps Campaign has been built on his success as a businessman but far less successful lately when it comes to his Stock Investments. Well break that down later on the closing bell. Ade, where investors can investigate and invest in vests. Or not in vests. This is my retirement. Retiring retired tires. And i never get tired of it. Are you entirely prepared to retire . Plan your never tiring retiring retired tires retirement with e trade. We have more developments regarding the shooting in washington, d. C. Of last hour. Eamon javars has more details. Were on east capitol and Second Street. The east side of the cap told building. Let me get a shot of the Capitol Building. What youre looking at at the east front of the u. S. Capitol, one of the most recognizable sights in the word. You see that Police Activity concentrated in front of the Capitol Building itself. Thats where theres a public street that crosses over and entrance to the Capitol Visitors Center. Thats the point of entry for members of public to take a tour of the u. S. Capitol building. Thats where we believe that this incident within the past 45 min ugts or so took place. Theres still quite a bit of Police Activity there. They have the barricades up here which are keeping the media and tourists and workers from these complexes about a block from the scene. A lot of police cars and Fire Department activity and ambulances there as well. What we understand right now, were getting bunch of conflicting information about what happened here. But according to our local nbc affiliate, nbc 4, a man went through a metal detect are at the Visitors Center and alarm went off and the man pulled out a gun. Two sources are telling news 4 at this hour. It looks like this person may have been shot by a Capitol Police officer. Were going to hold off on officially confirming any of it until we know what happened here. Still on lockdown and security pushing everybody well away from the Capitol Building itself, bill. Literally while you have been talking, you wouldnt know this, but they just lifted the lockdown and nbc news has been able to confirm that. That is good news right there. And hopefully you can get a News Conference from somebody, Capitol Police or whoever to explain. We are still getting very conflicting reports on all of that. Thank you, well talk to you soon. Only 15 minutes to go in the trading section and stocks have been fluctuating. But the dow is up 33 points and s p up 3. Individual movers include General Electric today. We have by the way shares of time warner which are higher. In case you missed it, batman versus superman. Not many people missed it. Well, i did. So did ip. 425 million globally it did despite being panned by critics, first of ten to hit the Silver Screen that is critic proof, big time. Among the big winners on wall street, meg terrell is here with more. This is something that affects millions of americans, migraines are horrible. This is for a severe type of chronic migraine. They tested it in patients who have 15 days of headache per month or at least eight of which are migraine days. This is really horrible. Still its estimated millions of americans potentially have chronic migraine. It did meet the goals of that study which is measured by reduction of 75 or more of migraine days per month. On the two highest doses a third of patients met that threshold versus 20 taking pla seen bow. When you have 33 versus 20 , folks are saying that is very good. It is given by Intravenous Infusion once every two to three months. Other companies are working on and what different shats, you can do it every two or three months. People are excited today. All of companies will go through larger trials before this can potentially hit the market. 5 to 6 billion peak annual sales. As you know, im a migraine sufferer but not the degree youre talking about. I cant imagine if you have 15 days of an episode per month. But anybody that does suffer migraines and hear Something Like this, your ears perk up. This could be applicable to those who have a much more minor degree . Its a really interesting question, people think its a Chronic Therapy to prevent migraines, give yourself a shot or get an iv and hopefully that cuts down on migraines. Other companies are working on pill form lagtss lagss, its a conversation you need to have with your doctor. Do you know how much it would cost . With that being so much under the microscope these zmaz. Its interesting, all of these companies are working on drugs that work in the same way. Because of that competition, this would probably bring the cost down but still going to be high priced drugs, maybe 10,000 a year per patient. Maybe not pennies but lower than what you might see in other classes. Lets hope this all can work. Bring us up to date on another story floating out there valeant and whats going on with their beleaguered ceo. Mike pearson will stick around until they find a replacement. We dont know the time line. Today we have news that the Senate Aging Committee subpoenaed him to appear in a hearing about the price increase weve been seeing at valeant and other companies and Martin Shkrelis company. Valeant has confirmed that hes received a subpoena and looks forward to testifying apparently. Dont they all when the time comes. Thanks, meg. 12 minutes to go in the trading session. The dow is up 21 points on what has been a lightly traded day today. Up next, looking at whether high volatility stocks are beginning to enter bubble territory. Were back in two. Im in vests and as a vested investor in vests, i invest with e trade, where investors can investigate and invest in vests. Or not in vests. This is my retirement. Retiring retired tires. And i never get tired of it. Are you entirely prepared to retire . Plan your never tiring retiring retired tires retirement with e trade. Plan your never tiring retiring rhey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. Sam stovall is always great for a great aforation, when the waters get rocky, the sailors want bigger boats. And better made boats. With the choppyness in the market today notwithstanding by the way. This true. Were in the horse latitudes today. Are investors looking toward Higher Quality companies and dividend aristocrats, my thought is yes. Youve seen a definite graph tags towards Higher Quality companies because of their consistency of raising earnings and dividends. Which brings up the next question, how many people have piled into names like this . How overvalued are they . You dont want to yield to temptation and dive in and buy anything yielding but i think when you look to the valuations, right now trading at a 7 premium. Single digit premium. Normally they trade at 2 premium. Its not much. Its well below the 20 premium we saw in late 2011. Dividend aristocrats . Who are we talking about here . Its been around for years, companies that have increased cash payouts to investors in each of the last 25 years. I get that. Who are we talking about . Companies like johnson johnson, like exxon, names that have been beaten up, mcdonalds representing good opportunities. Youre center agnostic and going for the fundamentals no matter what sector they are . A list of 51 companies right now. Doesnt change until they stop paying the dividend. Youve got companies that have paid dividends 30, 40, 50 years and its growing them every year. Maybe were not in a bubble but if we have mean reversion and that 7 premium goes away. What would the catalyst be . Higher Interest Rates . It doesnt seem it would be a worse performing economy but how does this play out . Thats a good point. They did exceptionally well since the fed started to raise rates but investors have come to the conclusion that the fed will not be as aggressive in 2016 as was earlier anticipated. So the s p midcap dividend aristocrats, were terrific performers up 7 and 8 respectively going back to when the fed started to hint that maybe they wont be raising rates as much. If we see reverse and see inflation start to pick up more rapidly implying that the fed needs to become more aggressive to get ahead of the curve, yes, higher yielding stocks because they are in a sense bond proxies could be it. That doesnt seem to be in the offing any time soon . It doesnt appear to be. The fed would like to see more inflation. For sure. Good to see you as always. Well take a break and come back with the closing countdown. After the bell, were going to talk about the story over the weekend, if you missed it, net plix said its slowing download speed for wireless customers, is that a fair practice . Kara swisher will join us the next hour of closing bell. Youre watching cnbc, first in business worldwide. I am benedict arnold, the infamous traitor. And i know a thing or two about trading. So i trade with e trade, where true traders trade on a trademarked trade platform that has all the. Get off the computer traitor i wont. cannon sound mobility is very important to me. Thats why i use e trade mobile. Its on all my mobile devices, so it suits my mobile lifestyle. And it keeps my investments fully mobile. Even when im on the move. Ahhh. Two minutes left in the trading day on a day after the Easter Holidays, european markets were closed. You didnt have the participation of those traders in our morning session. And it showed. Not much volume at all today. And not much volatility until this afternoon. Youll see there that first big move down was the time when we learned that the shooting had occurred in washington, dow was up 63 points, almost turned negative and came back a bit and were heading to the close with the dow up about 7 points. A sloppy twoyear note auction today. The yield came in at the highs for the year. Highest since december. Highest yield there. A story we didnt even get to, this story bob pisani is here, starwood announcing that annbang is another up with another bid for marriott. Marriott countered and now they may be countering thats what you call a bidding war. Old fashioned bidding war. You get the feeling they really want this deal. They said the last one was the best offer. They have a lot of backing. Huge. Well see if the regulators will allow it. Its a tough call. I want to point out, real risk to the downside, janet yellen a lot of traders believe she wants to keep the possibility of a spring rate hike in april or june. Hints of that dollarwise terlsz, energy will go down. Thanks, bob. Tomorrow should see a pickup in action. Closing the bell milestone scientific and Smart Financial at the nasdaq. Welcome to the closing bell. Im kelly evans. The dow a gain of 20 points on the bell there, about a tenth of a percent, 17,535 and s p broadly adding a point. It did close above the 2030 level and 2037 up a point and nasdaq down six. Couldnt hang on. It was in red territory most of the session, 474 4766 is the l there. Volatility is higher and transports were down 67 points, kara swisher will be with us to discuss netflixs slowing speed. First we have mike santoli here along with john fortt for more on the market action. Guy adami joins the fray as well. Havent seen you in ages. Mike, kick things off for us. In the last hour, the shooting on capitol hill, stocks almost turned negative, at least the dow did, managed to stay in positive territory today and were still waiting to find out exactly what happened. Really a low volume, narrow range today but the market sort of refuses to go along with this idea that it has to pull back more seriously, only 1 below the recent highs, i dont know if that means because we have europe to lead us this morning we didnt find direction at all. It seems as if the market is going side ways to work off that 12 rally we got. Retail Home Building and well more tomorrow morning. Retail interesting, Domestic Trade and discretionary media stocks and Home Building seem to be the one place you saw real buying. Interestingly enough, netflix did well today, up 3 . That in the face of those reports well talk about take little bit later about netflix in essence throttling itself. Lots of complaints about it would be so bad if the carriers went out there and limited the amount of through put that customer can get on the broadband, all the way netflix saying well, if youre on wireless, we dont want you to have that much. What was sold to consumers was the carriers are going to slow you down without telling you. That was the Net Neutrality argument and what was netflix doing, slowing people down without telling them . The stock still high eveer inves dont care. Twitter still struggling and square doing a little better. Well see. You know, those reports about the strength of the consumer still trying to make sense of guy, but the pending home sales report, that was Pretty Healthy and today the journal saying that more people are at least more lenders are pushing home equity loans and that the amount there on average was like 120,000. What does that work towards . A name we talked about for a long time now maybe five years, its been their absolute sweet spot in terms of whats going on in the housing market. In my estimation, given the numbers you cited, nothing has changed at all. Heres a stock that a percent and a half off the all time high. I think the valuation is reasonable and given what you just talked about, thats a name you want to own here. What about we mention briefly square and how they are trading but fin tech or whatever, you want to call it, this whole category, of either peer to peer platforms or a way of pushing technology for solutions to Traditional Bank loans, the whole space has lost a lot of momentum lately. Its not as if the banks themselves are getting a tailwind. Wonder if the space has been commodi commodityized, those stocks sort of scare me. The other side of the equation, when you want to bring the consumer back as well is mastercard and visa. They are just processing transactions and those numbers continue to escalate. They dont take credit risk, which in this environment is a great thing. So if youre scared of squared in the financial tech you just talked about, i would go to the other side and looks towards mastercard and visa. Let me just break in. We want to follow some of the Economic Data that weve been getting here today as well. Consumers spending report a big disappointment, were trying to figure out the weakness in the profit number. Were also going to hear from fed chair janet yellen tomorrow. Steve liesman, what should we expect from the fed chair . I think shes going to break a tie. Let me show you where the race is or what the contest is. I want to talk about todays gdp number. Our we didnt have gdp, we had it last week at 1. 4 . Its been strongly downgraded, now tracking 0. 9 , down a half point on the strength of that very weak personal income and spending number. Tomorrow you have yellen but i want to skip yellen and come over here to the jobs report scheduled to come out on friday. 213,000 jobs, unemployment unchanged at 4. 9 . Now take the wide view, youve got a weak gdp number over here and expectation for a strong jobs number over here and then get to janet yellen. Does she break the tie and siding with the weak gdp numbers or stronger jobs numbers and the unchanged Unemployment Rate below 5 . Some of the things we need yellen to clear up include a lot of economists or fmoc members, the possibility of a april rate hike and how much strength she sees in the u. S. Economy or the weakness and side more with the jobs over here or gdp over there. I want to show you where the economists are on the street. How much theyve come down. Steven stanley, almost a percentage point. Q1 tracking 0. 6, atlanta fed, a lot of people follow that, 0. 8. So that big bounce back we thought we were going to get in the First Quarter from the weak Fourth Quarter number not happening, at least not with the current data. Still date to to come from the First Quarter, just a tracking poll but early signs point to weakness. Stay right there. What do you make of it to talk mac row for a second and the twoyear auction, didnt go off that well. What kind of message here is working through the markets . Steve knows this, hes forgotten more about the stuff than ill ever know. It makes a lot of sense, you have the front end of the curve rising and back end is still stubbornly low. Traded okay today despite that, you have 10year yields about 1. 9 or so. Youre seeing a yield curve that wants to continue to flatten and the fed chair is caught between the first numbers that steve talked about sort of anemic growth on the back end of what job numbers have been very good. If you get a good job number on friday, given that before that, puts them in a real pe care yus corner. In my opinion, i dont think they want to necessarily raise. But at a certain point the numbers dictate they have to. We have breaking news on fraud charges at Investment Bank, kayla rejoins us. Whats happening. We are just getting some news out of this arraignment of former blackstone managing principal andrew kos per son charged earlier this morning by the southern district. He has posted 5 million bail from the southern district. Ornl nally prosecutors had sought 20 million in bail but the family members believed that was preposterous. The bail they posted did include 50,000 in cash and it was secured by two properties belonging to casperson and his wife, including a property in manhattan believed to be worth 2. 3 million, as well as a house in bronxville, a suburb half hour north of here. That is worth roughly 1. 1 million. During the hearing, lawyers for casperson and prosecution from the government both were vehicleal about Mental Health and substance abuse, mainly alcohol issues mr. Caspersen was believed to have. He is requiring he seek Mental Health through this process. That is something they will need to see he completes throughout this process. Next date is a preliminary hearing set for april 26th in this case, a lawyer declined to comment beyond the contents of todays hearing and family members who are present included mr. Casper sens wife and older brother of his, both of whom will be securing the bond he is posting today. But that is the latest in this developing story that has been sinking shares of pjt partners now the Parent Company of Park Hill Group where mr. Caspersen used to work being before terminated for improper behavior. The government says its Biggest Issue currently is that it cannot account for any of the money that was sent to mr. Casper sen as part of this operation, including a 9 million wire charge that he sent from his personal brokerage account in december. Thats about 25 million total that a Charitable Organization had sent to mr. Casper sen that the government is trying to track down. That will continue as well as the internal investigation of pjt. When we have any more, well send it back to you. Kayla, thank you so much. Troubling story all around. Outside the courthouse where this just happened. Guy, thank you for joining us. Thanks, kel. Asking Dennis Gartman why he thinkds the biggest threat to crude isnt opec, its uber. Minutes from holding a press conference on the capitol hill shooting. Well bring it to you live next. Its not just trumps lead in the polls has been losing steam but his portfolio is underperforming. Well dig into those numbers later on the closing bell. Great time for a shiny floor wax, no . Not if you just put the finishing touches on your latest masterpiece. Timings important. Comcast business knows that. Thats why you can schedule an installation at a time that works for you. Even late at night, or on the weekend, if thats what you need. Because you have enough to worry about. I did not see that coming. Dont deal with disruptions. Get Better Internet installed on your schedule. Comcast business. Built for business. Were just minutes from a News Conference from authorities in d. C. About the shooting on capitol hill. Reporter theyve lifted the lockdown hero fishlly on capitol hill. It is open for business, the Visitors Center is still closed but i am here with a group of folks from california here to talk to members of congress and staffs about medicare but saw something very different. Tell me what you saw. We were checking in the security line and i was actually going through the Security Apparatus and they were coming out running out telling us to get out, active shooter. We came out and told to go around the side of the building to be safe. Cops were all over the place, did a great job protecting us and shuttled us up the hill to be stave. Did you hear gunshots or other noise other than the routine screening process and what security would normally be like . What i heard once we got outside, had us hiding down behind a wall. I heard two booms off to my left. It didnt sound like gunfire. Im not sure what it was. Soon after that they said it was clear. And so they escorted us up the ramp and just said, we got you covered but run basically. This must have been a scary moment. This was a business as usual day in the u. S. Capitol for you. How do you feel now having gone through . Its a little shaky. It is not what we expectedty Visitors Center but it was amazing to see how well organized the Security Forces were with their guns. They came out of the wood work and had this under control pretty fast. Thanks for your time. Thats the situation here. Lockdown is officially lifted. Were awaiting the press conference. Hopefully well get more detail about what exactly happened. Were getting conflicting reports, not clear who was shot or whos in custody or the hospital. Were waiting for clarity on all of those details now. I think it just got bumped back a couple of minutes. Have you learned anything about the sequence of events . It sounds like from Pete Williams reporting and others, what happens was a person walked in and began shooting. That person was shot by the police and injured and now in custody . Reporter not clear who fired shots and whether that person just displayed a weapon and was then shot or actually fired his gun then was then shot. Well have to sort all of that out. So confusing and initial reports can be very chaotic. Not clear exactly what happened there. I can tell you the Security Experts say that the choke points for security at any Public Events or venue and this is one of the most well known in the world, those security choke points where you go from an insecure area to a secure area and people gather, those can be magnets for any kind of violent attack, a terrorist incident or somebody bent on doing harm, thats where it can happen because thats the closest those people can get while still being armed or carrying a bomb or that sort of thing. Thats one of the things that Security Experts are always on lookout for. One of the reasons they built the Capitol Visitor Center was to push the choke points out and away from the u. S. Capitol building itself. You enter the undergrund facility and you are a block from the u. S. Capitol building and going into an underground facility built like a bunker. It is three stories underground inside the Capitol Visitor Center, very robust security there. It was all designed to push that security perimeter out and away from the ancient Capitol Building walls we know and love from tv images. A lot has been very well thought through. They imagined and practices this scenario time and time again. The response was pretty quick it looked like. Thank you so much. We will get more information shortly for you and press conference with d. C. Officials. For now closing bell will take a quick break and come right back. Stay with us. For your retirement, you want to celebrate the little things, because theyre big to you. And that is why you invest. The best returns arent just measured in dollars. Td ameritrade®. Welcome back, throttling video speeds for consumers watching on at t and ver size zon for more than five years. It is limiting video quality to protect users from exceeding data caps set forth by the Wireless Companies and netflix said it doesnt limit the quality at tmobile or sprint because those two companies have more consumer friendly policies. Is it fair for netflix to be doing this to consumers . Joining us by phone is kara swisher. Many people pointed out, if this was verizon saying we do this, there would be outrage. What about netflix fessing up . They clearly should have said something about it to consumers that they were doing this so people could correctly decide who was doing it to them. Obviously everyone always assumes its the carriers because they have a long history of bad customer service. Netflix certainly doesnt. And so probably it would have been in their best interest to say they were doing this and make it into a marketing event, like we have to do this for you because the carriers suck or something i think the bigger issue, why does it work out with spribt and others, why can they have cooperative relationships and help consumers instead of fighting like this . People like netflix and like their cell phones. Why are companies not figuring out a solution together to not screw the customer, customers get screwed when they overuse data. Weve all had that experience. This back and forth is exhausting to me as a consumer. My kid overwent his data last week watching video. And i want someone to throttle them back or me back or whoever and explain it plainly how they can do it. John to tmobiles credible, john legend said well do this binge on program and different approach that is in your interest as a user but he was the one who pointed the finger and pointed this out. Then he got a hard time about it. Youre throttling people for services that arent techly in the bingeon program. Im more cynical than kara swisher. In this case it was in netflixs interest to throttle back at t and verizon because they are the most popular and netflix subscribers who realized im going way over on data, maybe i should cancel netflix, they throttled them back. They want to keep their customers maybe take little bit more maybe theyll be a little more lenient. I think the issue overall, these Companies Need to manage their resources, whether youre a carrier or content provider, you have a desire to use technology to manage the resources and not tick off the customers too much in the process. This Net Neutrality nonsense, a lot of it is nonsense and people talking about big issues dont let them throttle you. When thats not what its really about. Its about lets get competition in broadband and let people make informed choices what they are going to do with their money. John, i agree. The issue is there are solutions here and there are never seen in the history of consumerism where everybody wants to watch house of cards, netflix and use their phones to do it. Everybody is just its confusing and youre always hit with amazing bills and shocked by them. Its one of these most opaque situations, like everybody likes a certain cookie and making it very difficult to eat it and buy it its fascinating. I think theres you dont want the government to step in because theyll mess it up even further. These companies should be cooperating together to give the very best quality of service on popular services, its not as if these are not popular services. In the interest of facebook, facebook right with all of the live video, ive got a ton of lo lif videos. I dont even know i should understand it and i dont even understand it. Its true. The interest of them all to Work Together in a transparent way to help customers and figure out how we get exactly more competition in the space, more ability to understand these bills. I mean, literally im in a constant war with my 13yearold over video we have fodder for the campaign cycle. Thank you so much. No problem. Capitol hill Police Newser will begin any moment now. Why Donald Trumps business accumen appears to be better than his stock picking ability. Youre an at t Small Business expert . Sure am. My staff could use your help staying in touch with customers. At t can help you stay connected. Am i seeing double . No maam. Our at t buy one get one free makes it easier for your staff to send appointment reminders to your customers. And share promotions on social media . You know it now im seeing dollar signs. You should probably get your eyes checked. Good one babe. Optometry humor. Right now get up to 650 in credits to help you switch to at t. 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Together, were building a better california. Welcome back, a shooting reported in washington, d. C. A few hours ago, were waiting on a News Conference in the next few minutes with more information about what happened. Eamon javerse is live with the latest. Reporter they have lifted the lockdown here on capitol hill and you can see behind me a lot of police and fire vehicles and Emergency Personnel here on the scene have departed. The intersection just in front of the Capitol Visitors Center where they believe this incident took place, ive been told speaker of the house paul ryan has been briefed on the incident, he is not in washington here. A lot of members of congress not here because of the Easter Holiday yesterday. A lot of folks back home in their districts campaigning or meeting with constituents. Not a lot of activity in a normal day here on capitol hill. I can tell you this is the kind of thing that seems to happen here at the u. S. Capitol complex every couple of years. We have an incident like this. We had one back in the mid1990s when an intruder shot his way through a security checkpoint, and couple of years ago you remember the bizarre incident where a woman rammed a gate at the white house then drove to the west front of the capitol complex and was shot by officers there. So the officers here are expecting this at any moment. They train for this on a regular basis and know how to handle these situations, it may be well get more information about what exactly happened here as soon as we get that press conference. Eamon, i know you spoke with witnesses a few moments ago, were they able to see the shooter or tell you anything . Reporter they did not see the shooter. They described a very scary but orderly situation waiting to go through the checkpoint. The cops are saying active shooter on the north side was what the police told them. They were hustled down initially to get cover and then out of the building along with everybody else waiting in line to go through that security. They think from where they were standing they were right at the same checkpoint or nearby the checkpoint where the shooting actually took place inside the Capitol Visitors Center, you have to remember the Visitors Center by going below ground into a security checkpoint area where they have magnetometers and things going on to an airplane, for example, Airport Security area. Thats where they were. They werent able to see any shooter and werent sure whether or not they heard the gunshots, one women said she heard two large booms but wasnt sure it was a gunfire or not. That can be a echoey place and maybe not sure what they are hearing. Days after attacks in brussels where people are wondering this is an individual who might be motivated by sympathies relating to terrorism or simply a criminal or some other kind of act. In the past what weve had are mentally ill people. This year though, Capitol Police officials are on high alert. They know what happened in brussels and tightened up security at all public venues in the wake of the brussels attack and monitor news developments at all times and get intelligence from other agencies and Security Officials here in washington, d. C. As to what the incoming threats might be. I can tell you they monitor a number of people who are frequently seen up here on capitol hill who they think might be security threats. Mentally ill people who come up here and challenge security on a regular basis who become known to the Capitol Police officers and they keep files on those folks and able to recognize those people when they show up. Well have to see if this was in fact one of those people or something a little bit more sinister and perhaps serious. But for right now, the lockdown here is over. And the police are letting some people into the Capitol Building behind it. Its open for official business but no tourists being allowed back in the building yet. Thank you. Joining us is former fbi profiler, clint van zandt. Will you be listening for details and what motivation there may be in the case . Very much so. Normally when we see Something Like this, it is someone with a significant Mental Illness. That was the case in july of 1998 when an individual shot his way in, shooting and killing two Capitol Police officers. That person had a significant Mental Health issue. Ive heard two different reports on today. One suggested that an individual had in fact shot a Capitol Police officer but had been captured and the most recent report that ive heard that suggested it may have been a suicide attempt, in essence, an individual with Mental Health position which had strong statements to make against government or taxing, things like that, chose to act out in a manner that could have taken his own life because he perhaps thought that was where he could get the most attention for his cause. And again, perhaps because of Mental Illness was willing to give up his life to make some type of statement. Weve yt to hear or read and likely we wont necessarily understand. Right, and in this case the response was swift and it was huge, various parts of washington, d. C. Were shut down and people were locked down in place in capitol traffic to the area was closed off. We saw the huge presence from police from fire trucks from different people trying to make sure the area was clear. And even the white house easter egg hunt, those kinds of things getting wrapped up in this. Eventually they give the all clear but i imagine that the fbi now is probably are they listening in . How quickly do they jump into action trying to figure out if theres anything else to come in terms of events other than this isolated incident . The reality is they jump into action all the agencies in d. C. Jump into action very quickly. In anticipation of some type of followup action. They two rather be ready than they would sit and wait for Something Else to happen. You and your listeners were all familiar with whats taken place in france with whats taken place in belgium. And i think that all of the capitol area Law Enforcement resources are leaning forward in the saddle, fully anticipating that isis or some related entity may attempt to carry out a threat. Of course, the capitol would be a good place to do it but when i heard about this this morning, i thought this doesnt sound like terrorist related because ook as you know, capitol is out right now. All of our representatives have gone home to their own districts. This would not necessarily be the place or the time to make a Statement Like this, which again shifts it more in the area of a Mental Illness than any type of dedicated International Terrorist incident. We can see markets making the same kind of calculation, selling off and as more information came through appearing to move beyond the larger terrorism threat. Theres a purely reflex move, kind of almost like a machine base reading of headlines and then it didnt really seem as if it was an ongoing situation and you have quick reports that perpetrator was supposedly in custody and it was over. For some reason it is linked to that activity, you could see that change on a dime. It would have to be much broader, some kind of conspiracy or reasonable expectation it is. It doesnt seem the market is on alert for that at the moment. Clint, would you agree . Yes, very much so. Its interesting how Law Enforcement and market seems to raetd the situations quickly. They both have to respond to a sbags like this. Today they both responded appropriately. Eamon, if we can get back to where youre standing as we await the press conference, it was ieresting didnt seem to draw as much as a crowd as the fist one. Reporter the reality here is people are relatively used to this kind of ips dent. The Capitol Police officers who man the checkpoints are dealing with a multifacetted security challenge. The wonderful thing about the u. S. Capitol building as opposed to the white house, it is open for business and open to the public. You can come here and meet with your member of congress. There have been proposals to build a fence around the complex, to wall it off. We saw that after the Oklahoma City bombing, to wall off the Capitol Building, again after 9 11. Every time the members of congress resisted that overly security presence, the peoples house should be open for people to come up and see democracy in action. That means for the Police Officers here theyve got to deal with members of the public coming in and out on a minute by minute basis and significant number of high value protectees on capitol hill, very recognizable faces in the u. S. Senate and then often times to the left of me, the United States Supreme Court building that attracts a lot of scrutiny and high level causes and a lot of protests here as well. All of that is what the Capitol Police officers at those checkpoints every minute of every day have to deal with. They keep this place open and keep it running on a day to day basis knowing that exactly this sort of thing we think we saw come happen at any moment. Thags the challenge they face here. Clint, i remember being in an intern and showing up at the Capitol Buildings where the senate and house met and being surprised, theres a metal detector but you are as a u. S. Citizen able to show up as a visitor and try to speak with and contact your representative, for example. Theres a balance here between security and any kind of broader move to move these checkpoints or vulnerable points further away. And you know, kind of making sure the government stays open and accessible to its constituents. You know, the numbers those are very large i guess analogy might be with tsa. The Capitol Police like tsa, even though we ask them not to do any type of profiling that has to do with race or e ethnicity, we expect them to do behavioral profiling. We want tsa and the Capitol Police to look at someone and if that behavior is different from the norm we want them to have the ability to go up and talk to that person and see whats going on. Thats one of the things that we look for very quickly if we see someone who doesnt necessarily seem to know why hes there or what hes doing, if he seems to have a panic or if hes sweating or seems to be frustrated or rageful, all of those emotions, both verbally and fiphysically, someone needs to say, can we help you . I can guarantee you Capitol Police like tsa are looking for tell tale signs and in this case today it may well have been an individual with a Mental Health condition, whether they were able to approach him before this shooting took place is still to be determined. You mentioned the airports that of course after brussels has come into focus as how close are we to let people get to the airport entrance, they can do a ton of damage. Forget tsa and additional levels of screening, but just to get to the airport and whether u. S. Airports are at all prepared to meet 21st century standards here. Well, and the question is how far can we push people away, either from the capitol or from an airport terminal. If we say, okay, the shooting that we have seen recently thats taken place in airports, its near ticket stands and people might have been going through a metal detector. Lets do some type of screening outside of that. Some people have said, lets push it all the way out the door to the airport. All that does is tell a potential terrorist, okay, i can drive up with a car bomb and theres going to be 200 or 300 people wanted to be wanded with a magnetometer before they get to the airport. The challenges shall multifold. Were talking about scenarios very different on ground in washington, d. C. Where there was a shooting about two hours ago, more detail hopefully is coming from the News Conference that will begin any moment now. Lets bring in thank you for joining us, clint van zandt. Lets bring in larry barton on the phone. What are your thoughts . Its obviously confusing, well have to wait for clarification, an important lesson for all of us, we heard run hide or sight and people responded today should be mighty proud of themselves. The good news we need to remember, whenever youre in a situation, before in brussels or people that survived brussels, were just getting those reports now and in washington today, the people survived and able to move quickly made a rapid decision. Whether youre in a Movie Theater or place of work or public venue such as this. Thats one of the best lessons, move quickly and make a decision, whether you decide to run, hide or fight. Its interesting, you and clint are present for different events like this. His focus is more on identifying and deterring somebody. Eamon mentioned how Capitol Police officials are familiar with the people that might be a threat and have them unnerved a little bit. The other to your pointd, what you do if youre just a person caught up in an event like this . You have no idea whats going on. We heard from some witnesses earlier who said, exactly what youre referencing, theres still a larger question about should you run or as the lockdown happens, should you just stay in place. Thats right. I think part of this, one part, its easy for anyone of us to be a monday morning quarterback but Law Enforcement is trained to be observational and clinical and behavioral signs of a person that may pose a risk. For those who dont have the training and Walking Around the capitol or museum or sporting event, you have to say, somebody missed and they didnt miss on purpose. The situation where you happen to be at the wrong place at the wrong time. I just applaud Law Enforcement for the way in which they are managing this. Part of it we have to remember in society, were going to see more of these random attacks and need to be ready and that means as civilians, we can rely upon Law Enforcement but preventing a random attack and virtually impossible when theres no warning. What about handgun laws . D. C. Was part of the Supreme Court case that ruled that there is a Second Amendment right to carry them in the jurisdiction. Is there any sense this will give sort of a movement to those who say how does a guy with a gun get up there in the first place . The first mass shooting of this complicated time was back at the university of texas. Weve been at this for 50 years studying mass shootings, whether we reduce guns or eliminate those, those with Mental Illness or grievance is going to have a weapon. It could have been a nich. The bottom line, could we have stronger gun laws . Absolutely. Should we be doing on Mental Health checks on every person who wants to buy a firearm . Absolutely. A person who is motivated is going to do what they have to do. Larry, if you could stay there for just a moment, please. Larry barton of the fbi. Were going to go back to eamon, more detail on the shooter. Thats right, were getting a little more detail from nbc news Pete Williams, the suspect is known to the Capitol Police, Larry Russell dauson of tennessee. Confirmed to have disrupted a earlier house session in october. Charged with interference and interfering with a Law Enforcement officer in that incident and alleged to have shouted out hes a prophet of god in todays attacks. Were going to find out more about exactly what happened here when we hear from the Capitol Police in a couple of minutes. The barricades that they have across east capitol street, these are antiterror barricades embedded in the street. They are permanent and here on a regular basis. They are still up, they are still blocking traffic keeping it away from the Capitol Building xgt we have every indication that the lockdown is over with and the situation is clear in terms of Police Activity. Were getting more reporting from Pete Williams saying the suspects name is Larry Russell dawson of antioch tennessee. Tefls a individual known to Law Enforcement there. Do we know what that means . Reporter Pete Williams is saying that the suspect is known to Capitol Police. If you read between the lines, its exactly what i was talking about a few minutes ago, there are a number of characters who show up on capitol hill on a regular basis and make threats and disrupt things and they send packages in the mail that are menacing and ominous to the people who receive them. Capitol police analyze all of that and try to figure out who may be an active threat and who may be a loon tick orangery individual. They categorize those people in the scale of threat they might represent to the capitol. This is a person that the Capitol Police knew about beforehand and might have been able to recognize him at the checkpoint. Well have to find out more details about that as well, to see whether this was somebody they recognize as he was coming toward them. They have active files on a number of people at any given moment. Thank you for now. Lets get back to dr. Larry barton, an fbi instructor. Knowing that this is somebody known to Capitol Police, what more does that tell you . Very good. One part of this is you can finish the sentence, anyone can thats watching the program. The best predictor of future behavior is past behavior. We know that, thats true in criminalology and in terms of all aspects of dealing with the active shooter. Theres been a change in the way i train of bureau and corporate settings. The worst predictor of future behavior is near past behavior. What somebody did a month ago or six months is far morrell vant when it comes to violence than 20 years or four years ago. What Law Enforcement will be looking at. What recent postings, kind of altercations hes had with Law Enforcement. A past history of violence or some type of altercation is a very, very good indicator of a future problem. So many of the recent events we focused on social media and messages that might have been missed but when somebody is just showing up, on capitol hill, making himself known, thats a whole other question. As we speak here comes the d. C. Police. People want to be memorialized. This person does not sorry, larry. Were taking this police conference. United states capitol, member officers, people are screened through the Capitol Visitors Center. Today at approximately 2 39 p. M. , an adult male subject enter the north screening facility of the Capitol Visitors Center. During routine administrative screening the individual drew what appeared to be a weapon and pointed it at officers. Officer fired and struck the suspect who was subsequently treated by medical personnel. The suspect was fain into custody and transported to the hospital for treatment. The suspect is currently undergoing surgery and condition is unknown at this time. A weapon was recovered on the scene. Congressional complex was locked down and uscp ordered a shelter in place. Based on the initial investigation at 3 40 p. M. , the lockdown was lifted and all buildings except for the cbc which remains processing for crime scene. Suspects vehicle has been located on the Capitol Grounds and will be cleared of hazards and seized pending service of a search warrant. An uninvolved 35 to 45yearold female bystander also suffered what appeared to be minor injuries and transported to the hospital. No officers were injured. It has not been determined how many officers fired their weapons. The u. S. Capitol Police Investigations division and Capitol Police office of professional responsibility and metropolitan police are conducting investigations into this matter. I stress is still very preliminary. I want to stress that while this is preliminary based on the initial investigation we believe that this is an act of a Single Person who has frequented the Capitol Grounds before and there is no reason to believe that this is anything more than a criminal act. As Additional Information is gained, ill provide as much as i can through our Public Information efforts. I want to assure the american and visiting public that the u. S. Capitol Police Officers continue to protect the capitol and the cdc for all who visit. We expect regular or business tomorrow morning at the Capitol Visitors Center, so people can safely visit the United States capitol and their member officers. Again, this is preliminary information. As we get more information ill be happy to provide it through our regular sources. Chief, is this suspect known to you, known to the Capitol Police . While we have not i have not received confirmation about who the suspect is, we believe that the suspect is known. And how was he known to you, sir . From previous contacts. Were they disruptions, sir . [inaudible question ]. I cant comment on that. Chief, have charges been filed . Not at this point. Chief, theres been not at this point. Theres been a lot of discussion about security in light of what happened in brussels. This checkpoint was designed to identify a threat before it could get into the capitol. Did this work the way it was designed today . Are you satisfied with the response . It appears that the screening process works the way its supposed to, thats correct. What were the previous again, this is prelimry, and i know you want as much information as i can possibly give you so without confirming some things i dont want to give you bad information. Id rather give you the information when we confirm it. Ill try to provide as much information as i can so that you you said hes a frequent visitor, how do you know . I want to thank you very much. Which hospital . Are you looking for anybody else . Do you have any other concerns about other people involved . That was d. C. Police giving us the latest that they knew this hour. Eamon javers is standing nearby. Eamon. Did you learn anything . Reporter yeah, kelly. Well, a lot of information there. Were told that the Capitol Police chief said that the shooting incident said the man drew what appeared to be a weapon and pointed that at officers. He was shot by the officer. Hes hospitalized. His condition sun known. The weapon or a weapon, i should say, was found at the scene. The suspects vehicle here on Capitol Grounds was found and they will check that out as well to make sure theres nokes pleasives and also saying to the media there another woman who was a bystander suffered some kind of injury in the incident, maybe in the evacuation out of that incident as we heard from witnesses. There was a relatively large crowd of people getting through security, and they were all hustled away very quickly by Capitol Police officers. So a little bit more detail here of an emerging picture what have happened in those moments somebody fired a weapon, but the Police Officer is very careful there not to say exactly how much shots were fired or who fired them or in what order they were fired. Still, were going to have to learn a little bit more about what happened here in order to really fully understand whats going on. Our eamon javers in washington. Up next, why donald trump appears to be a much more successful business man than stock investor. Were back in a moment. 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Theyll continue to receive the highest standard of care available anywhere. And guests can come to see them simply being their majestic selves. Inspiring the next generation of people to love them as you do. To make the world a more beautiful, colorful place . Ob at ppg we think thats something we all need to do. We create, invent and formulate amazing paints, coatings and materials. So we can make the world run faster, stronger, fresher, smarter, cooler, lighter, greener and better for the next generation that comes along. Ppg. We protect and beautify the world. Welcome back. A new report by reuters shows 18 out of 2 is hedge funds and mutual funds in Donald Trumps portfolios lost money last year. 17 are down so far this year. More now on how trumps business acmen may not be investing acmen. Reporter at least with trumps selection of hedge and mutual fund managers, what he tiles himself as the best businessman possible with the best people around him, the picks have been pretty bad of late. I smoke with trump last week, and he was pretty dismissive of the whole thing. He said, listen, im a longterm investor, i invested three or four years ago. I dont Pay Attention to the ups and downs. Im worth 10 billion, no more than 120 million of my portfolio. Also said he was invested with his friends, you know, and he might know how to stay friendly with the right people. Thats the interesting point. His main point was, listen, these are personal favors. Im doing this out of loyalty to my buddies, not a big deal to me, even though thats 120 million. Very dismissive. Im not buying it. First of all, is he really worth 10 billion . Thats kind of a soft number, it seems like and 120 million, even if youre worth 10 billion, thats pretty liquid. Thats a lot of money, and if hes the type of guy who does 120 million worth of favors doesnt that run kind of counter to his whole message . Hes been pretty up front about how he never hesitates to donate to a politician who might think might help him out. Right. And if hes also giving money to Hedge Fund Managers not to make money but just to keep them happy how does that translate into who he would be for president . Doesnt seem to be working out the way the Trump Campaign would want. Hedge funds versus mutual funds here . What are we talking about . The biggest investment is in a blackrock fund, credit investing vehicle. The other are funds from ron barron, barron capitol, john paulson. Big blue chip names. To be fair to trump, these are not fly by the wall, his buddy in the strip mall, legitimate names, but, unfortunately, hedge and mutual funds that have seen better years. They have built up the represent utagsz over a long period of time, but if you look at the three or four or fiveyear track record its pretty bad. Its a pretty haphazard collection of investments and if a guy is throwing 10 million at public funds and private hedge funds you would think an adviser could come along and say, donald, i can do this for you in a smart way. Lets get you a really welltailored portfolio. It reminds me a few years ago, did a Stock Investment disclosures and said i turned 60 million into 190 million over the last couple of years, thats what the market did over a couple of years and seemed like a collection of blue chip stocks. Thats a good point. The story talks about how hes had, you know, not exactly the stellar performance but thats also been true the last year or so with a lot of youd have to look hard to find somebody who has really gotten this market right. Thats the huge caveat. Overall its been a brutal investing environment for the last couple of years, but if you look at trumps funds performance its below the respective benchmark so even when the index lost he lost more. That will happen. One or two years of returns isnt the issue. The explanation is much worse. Its only 120 million. I did it to help my friends. Lawrence, thank you for joining us. Much more of lawrences piece on reuters. Appreciate you being here. That does it for us on closing bell. John and mike, thank you guys as well for being here this afternoon. Fast money begins right now. Thanks, kell, thanks, gang. Fast money does start right now. Live from the flaz damage market cytooverlook new york citys times square, traders, tim seymour, pete najarian, brian kell and guy adami. Tonight on fast commodities king Dennis Gartman has a gold call on oil and you wont believe what he says will keep prices low for decades to come. Hell explain. If you missed the rally a top technician says two groups of stocks are about to break out. We will give you the name and what do ford, caterpillar and American Express have in common . Its a surprising coincidence that could mean money in your p. But, first, we start off with the markets and what may seem quiet ahead of yellen speaking tomorrow and the jobs report on friday theres been massive moves in consumer stocks. Take a look at the onemonth gain in molson, cures, nordstrom and coke all