Buying program. And Steve Liesman is going to join on us in the next hour with an exclusive finding of the latest cnbc survey. Also on todays economic agenda, august cpi is coming at 8 30 eastern pim. Economists say the headline inflation number likely rose by 0. 2 . Also, here is a little bit of news for wall street. U. S. Grand jury has now indicted two former jpmorgan traders involved in the banks london Wales Trading scandal. They accused of hiding hundreds of millions of dollars of losses on market positions in a credit derivative portfolio. Kate kelly reports jpmorgan is close to paying about 800 million in fines related to the london whale losses. Get this part,. This may be the most important of all of it, jpm will admit to wrongdoing aus part of a settlement and that will be perhaps one of the first time weve seen that. It could be a key change for how these legal settlement. Son wall street are made. Joe. Thats interesting. Wrongdoing. Im trying to figure out what was the wrongdoing at that point. Its going to be about supervision. This is not about criminal wrongdoing. This is about supervision and how things were overseen and the lack of safety so the question is whether the bank made a bet, right, instead of hedged its portfolio. They were still allowed to do that if they wanted at that time, right . That they are. This is much more about control. Internal control. Internal control. I would think if you want to have crappy controls at your bank, you can have it . Not when youre regulated. All right. We can have but its 2 million in losses for the london whale trade and 800 million in fines and the attorney general ask others can still go after them and they have to admit wrong. Can i say one thing about this . Who gets hurt in this . The shareholders. It seems crazy that you pile up these fines. Its not like the people that youre and they lost 6 million. And now they have to pay themselves, anyway. The argument is do you pay that and if youre a shareholder, you potentially could have had the beneficiary of these trades. Thats the flip side of it. Thats at least the argument. All right. The dow didnt close on its highs yesterday b, but it was dealing with a lot on what happened with d. C. But it did manage to close up over 100 points. And were looking for some more upward move today. Were going to move away from the summers move to see what the taper brings. 75 billion now, 70 billion . Well see. Its a twoday meeting for the fed. Lets take a quick look at oil, which was interesting. Maybe not. That it went down yesterday, not on the weakness in the dollar. That would make it go up, obviously. But this after the syria situation, looks like it is now not imminent at this point in terms of military action. God now how this is going to play out now. Everybody has more time. The tenyear note, though, we figured that out, people arent thinking inflation comes back in the vigilantes come back. Theyre thinking that shes even more accommodative. So you keep buying the mortgage paper, keep buying the bond. So we stay low and well check out the dollar, which as we just alluded to was weak yesterday. Its mixed today. Gold at this point, it was the last week. It was going down because it was going to be summers. This week hasnt done much at this point. Still down in the 1300 area. Andrew, where are you now . Im Still Standing here. A few after the bell movers of note, pandora warning its businesses are declining and the company red box video operators average transaction size fell blow expectations. And Fertilizer Company mosaic lowering its production forecast. Potash slipped in extended hours. Back to you, becky. Its time for the Global Markets report. Ross westgate is standing by in london. Ross, good morning. I think were having some trouble trying to hear. Hopefully youve got me now. Can you hear me . He was just messing with us. Sorry about that. It happens. It happens. This is where we stand right now. European equities down on the stoxx 600. Around about 7 to 3, Something Like that, is the decliners being outpaced by advances. The ftse was up some 56 points. Down about 0. 25 at the moment. Had some data out today uk inflation saying dipping is expected, the annual rate in august. Sort of inline with what Market Expectations were. The cac 40 off 12 points, ftse mib off 27 points today. Markets are in focus and sectors, as well. We saw a new dip down in august registration falling in august, which it raids most of july again. It came to 7. 84 million vehicles. Thats the lowest ever recorded from the period since the series began in 1990 on. As a result, autos are the worst performers today, down 11. 3 . Banks off 0. 9 as you can see. Individual stocks were looking at today, philips, theyve got a Share Buyback coming up. Down 1. 8 because of the ceo fairly cautious in the near term and whats going on with the global economy. Nokia, down 2. 2 . They decided to reschedule the launch of some new phones which were scheduled for the end of the month despite the microsoft deal. Lloyds Banking Group down today at 2 . The government selling 6 of its stake in lloyds. They made about a 60 Million Pound profit. They sold that stake to institutional investors, a small profit for 73 pence which Gordon Browns government bought into or had to take over the stake, a 38 stake now down around about 32 the . Five years ago almost to the day that lloyds announced the takeover of hboss which is the reason eventually it had to be bailed out. We had a snapshot of german Investor Confidence today. That put a little more pressure on bund yields, a little below the 2 mark, as well. Spanish yields still below italy. Thats where we stand. Apologies for the battery malfunction. Now back to you. All right, ross, now back to todays top story, the deadly shooting at the Washington Navy yard. Ayman joins us with the latest. More than one shooter, that didnt turn out to be the case. At this point, where did he get the weapon . He brought a shotgun . Did he have this weapon . Did he pick it up . Are you up to speed on that, too . Thats right, joe. Were here at the Washington Navy yard and this is where the rampage began at about 8 15 yesterday morning. Aaron alexi, a 34yearold shooter entered building 197 just behind me. He bought a shotgun at a nearby shotgun store, brought that to the site, began shooting. At one point, he made his way to an atrium where he had access to be able to shoot down into a cafeteria area and thats where authorities believe he did most of the damage. And they also believe, joe, as you say, that he was able to pick up weapons onsite, one apparently from one of the Police Officers that he shot there been by tend of the rampage, alexis had a shotgun, he had a handgun, he had an ar15 military assault weapon on him at the time authorities were able to bring him down. Weve been able to obtain overnight some new photos of aaron alexis, these obtained from a friend or acquaintance of his showing him in his normal civilian life. This is a person who was in the navy reserves. He was discharged, other than honorably from the United States navy. But nonetheless, was able to get a critical to work as a civilian defense contractor here on the base. He had a critical in order to get into the building. Authorities believe he used that critical yesterday. One of the questions here, though, is here is a man who had a history of gun violence, several arrests, several incidents in his background. Nonetheless, he was able to pass a security clearance and get on to the base here yesterday morning and begin a day of tragedy here in washington, joe. Yeah. I heard yesterday it was an automatic weapon. Was it a are the military weapons actually automatic or was that they can trade those terms aut time or was it semi automatic, do you know . I believe what were talking about here is a semi automatic ar15 militarystyle weapon. Thats the civilian version of the m16. The ar15 is a weapon thats been used in other mass shootings. I believe and im not a weapons expert, but a semi automatic long gun like the ar15 could be able to do a lot of damage. You can fire that very quickly and from the elevation that he had right at 8 15 in the morning, people are getting their coffee, their bagels, going about their regular bifs, getting ready for the day, thats a packed, contained space and the people who came out of there told stories that were just horrific. Some of the injuries were from people having chest xwlants from run, people falling over, it sounds like a real scary scene inside in building here yesterday. And theyre going to look for motive now. I dont know, get someone that may have been medicated, maybe ptsd, whatever. And obviously, its hard to pick a motive with someone who might be just crazy. But is there theres no reason well, there seems to be a pattern here, joe. There seems to be a pattern here in the history of this man. He had several incidents of previous gun related violence. In one instance, he fired a gun into the tires of some vehicles at a construction site across the street. Apparently he was upset about parking. In another instance, he fired a weapon in his Apartment Building, fired it through the roof of the apartment into his neighbors apartment, through her roof. Apparently there was a dispute dispute with the neighbor there. He claimed to authorities had they showed up to investigate that he had simply been cleaning his weapon, oiling it and it accidentally discharged. So theres been a historic of incident here. The resident there at the apartment complex said she was terrified on this man and she actually moved out of the apartment complex because of the incident as saying that she was just afraid to be anywhere near him. So sh the a guy who had a history of incidence here and the question is how ekd have passed the clearance process to get the security clearance that you need to get on base here. All of these civilian contractor res going to go through a clearance process similar to what we go through to get on to the white house grounds as reporters. That process is managed by an outsourced private company. And i think theres going to be a lot of scrutiny now on that company and that process and who it is that theyre picking to be contractors on these military bases. Okay. All right, ayman, thank you. That will be a while as they have to you cant take anything for granted, i guess, or assume anything. Anyway, thanks. Joining us now with more on the shooting and the investigation is don clark. Hes a former fbi special agent. Don, again, this morning, there are a lot of questions that are still unanswered, but one thing were trying to figure out if there are lessons that we can take out of this about how we protect ourselves. What do you think . Serm. Anytime you have a situation such as what occurred yesterday, you have to look at it and see what happens and what could we have done to prevent this incident and what can we do in the future to try to make sure that this type of activity doesnt happen again . And no matter what it is, this incident or similar types one, we as a Government Agency or Law Enforcement agency or whomever may be in charge of this have to look at ways to see how does this happen and what can we do to prevent this in the future . Because solving it afterwards, yes, that works, but what we need to look at is how can they prevent it . The questions asked this morning, as ayman was suggesting, trying to figure out how alexis could get on to the naval grounds there, but maybe more importantly, how he could get access to a gun having those types of arrests that have been made in the past and having been discharged without owner from the military. What do you think about some of those issues . Well, i think when you hear that type of activity, i think we all get a bit of a chill to say, youre right, how did this person who had perhaps been involved into a number of other things get cleared to be able to come into the organization and do whatever . So what im really saying is that we need keep a better record. And we think through electronics and all the things that we supposedly are keeping today, but yet we let Something Like this pass by, knowing that this person had a different type of activities that he had been involved in, negative activities that he had been involved in, somebody should have checked that. Is the problem that there isnt enough cooperation between local and state agencies . I know that one of those arrests was in dallas, another was in seattle. Do you generally have some sort of cooperation between municipalities that are in different states . Yeah. You know, i wouldnt say that its a lack of communication with these organizations. I mean, clearly, each organization at every level have its job and its directions that it has to go and so forth. But i think in past years, that weve seen that decrease a lot in terms of one person saying its all mine. And yes, that does happen today. Occasionally, you will have something that becomes catastrophic because somebody didnt call and to some other agency and say, hey, i think ive seen this and lets work together. But in all, i do think that there have been huge steps made in the government in the last 15 or 20 years, actually, come up and even more so in the more recent times that the agencies are working together. Occasionally, theres a mistake there. Perhaps could have been here somewhere along the line. But i think youll see them working together a heck of a lot more than we have in previous years. Don, thank you very much for joining us today. My pleasure. Thank you. Coming up, researchers say theyre work on a new form of electricity with a battery. These are little bakhtiar kra. Do you understand the Technology Behind it . No. Ive read it. I dont know how were going to i thought you no, no. You were going to carry this segment. I dont know how were going to talk about it, either. I understand it. Theyve used similar things to make fabric for over a decade. And then theres another thing about Conference Calls. That i can help you with. People dont listen. Now youre giving away the whole segment. What was i oh, you were listening, though. First, shoppertrak says it expects sales growths is going to be slower this year during the crucial holiday season. Retail holiday sales should rise 2. 4 compared to a 3 increase last year after they saw a weak back to School Shopping period. First, as we head to break, lets check on the National Weather forecast from weather channels alex wallace. Good morning to you, guys. A chilly morning across the northeast. Feeling like fall. Weve got temperatures here that have dipped down into the 20s, thirds and 40s. 45 for us in and around boston. Thats tying a record low for us. This afternoon, were going to keep it cool wind our cold front that moved through yesterday. Temperatures will be 5 to 10 degrees below average. That means a lot of 60s and 70s. Not bad if you like the cool weather. If you like the warm weather, you may want to head into the middle of the country because weve got warmer air moving in here as we head on through the middle part of the week. Today, still fairly comfortable. 60s and 70s. Chicago, youll be at 72 degrees. Des moines, 69. Look what happens in des moines between today. Tomorrow. 90 degrees, big time warmup seconded there. If youre looking for rain in the southeast, its been a bit on the quiet side late in the week. Well see the chance for storms coming in. Thats your national forecast. More squawk box coming up in a bit. [ male announcer ] this store knows how to handle a saturday crowd. [ male announcer ] the parking lot helps by letting us know whos coming. The carts keep everyone on the right track. The power tools introduce themselves. All the bits and bulbs keep themselves stocked. And the doors even handle the checkout so we can work on that thing thats stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. So everyone goes home happy. Welcome back, everybody. Our first story has to do with the socalled living battery that generates electricity that comes from disdissolved organic matter, things found in sewage and wastewater, maybe the water that you flush doin the toilet. Researchers ats at stanford say its as efficient as the highest performing solar cells. This can generate as much energy is as needed to treat water. I dont understand this exactly, except to say that the one piece that was interesting news, it requires silver oxide, and that apparently is very expensive so its very hard to do that at scale. Yeah. Theyve got a pretty efficient battery, its just a very costly one. And i guess there are some questions. It works by these microbes that feed off the the wastewater and waste material and then when they excrete things, when they poop, they poop out electrons. For an electric current. So theyre as efficient as the highest performing solar cell. Is that a knock on solar cells . Not very efficient, right . I wondered if that was a big knock on solar cells when they said that. I think theyre trying to say its just as efficient as the highest performing solar cell, but i dont think thats necessarily solar is better than wind these days, right . Yeah, especially for birds. Thats true. And for humans. And for bats and the noise that drives people crazy. Did you read, separate and apart from this, in new York Magazine this week, a fascinating article about people who live near the turbines and theyre loogz it. They say theyre losing their minds. Its unclear if theres Scientific Evidence to prove it, but theres a lot of poem who say theres noise. You cant even hear it. Its almost like a dog whistle thats constantly in your ear and giving you oh, wait a minute. Oh, yeah, oh, yeah, wind power. Great. Great idea. Nice work 37 no, we were on a big old wind power wagon there. Exactly. It is that is one of the de its renewable. Theres no two ways about it. And as you get better and better, theres a great piece, actually, by wasnt it your guy . Who is my guide . Freedman. Did you read that over the weekend . We love tom freedman. We do, but the beginning of it irritated me, but if you want to look for innovation, this is the great this is what makes it exceptional. And a lot of it had to do with what ge is working on. I thought