the phone number is 303-617-2300. the crime scene is rather large. it includes numerous cars in the parking lot. we're doing our best to get them released to the owners of those cars as possible. but we will be here for some time. with regard to the residents, mr. holmes lives at 1690 paris street. we responded up there fairly quickly after we identified him. and our investigation determined that his apartment is booby-trapped with very incendiary and chemical devices and parent trip wires. so we have an active and difficult scene there. it may be resolved in hours or days. we simply don't know how we're going to handle that. i will tell you that we've evacuated residents to a safe distance and it includes five buildings in the area being evacuated. we've been asked how many folks were in the theater.

we can tell you there were four showings of the batman movie. all of them were sold out and we have interviewed close to 200 witnesses as to how many people were in the theater, that's the best i can tell you. a caution about social media, please as responsible journalists, be very careful. we are analyzing all social medias that out there about this event and i can tell you that we are already finding that there are a lot of pranks. there's even someone who called a national media station and represented to be me. our colleagues in the adjoining mall have closed the mall for the day out of a cooperation and spirit of cooperation with our investigation. with that, i'd like to introduce district attorney carol chambers to make a few remarks. and after she makes her remarks, special agent in charge ucone will make some remarks and then i will take some questions.

>> thank you. good morning. i first want to emphasize what a tremendous response there has been from law enforcement and especially from the aurora police department to this incident. i want to thank the u.s. attorney's office and the attorney general's office for their support. with this many victims, we have two concerns. one is providing information that they need and providing resources that they need. we will -- at this point in time, victims should be contacting the aurora police department and they should be looking for resources on the aurora police department website. as the case goes to court next week, they can contact -- we have set up a contact e-mail account so that we can get information out as quickly as possible. we also have resources available on our website. and i want to say that the aurora mental health center has agreed to stay open 24 hours a day for this weekend.

people may feel fine now and they may have a problem tomorrow or next week or a problem several months down the line. but they should seek some counseling or resource ifs they've been victims. it's to be expected. if there are financial issues, that should not stop them. they should contact us for financial resources. so we want to make sure we are getting out whatever our victims in this case need. so with that, i'll turn it over to the special agent. >> good afternoon. i just want to re-emphasize what chief oates has already talked about. we've had a very tightly integrated investigative response. the fbi currently has approximately 100 folks on scene closely integrated with the aurora police department, as do other federal agencies. so the atf as well is here in force with more than 25 folks. we are working on interviews. we are also collecting evidence

and we are trying to run leads that span beyond california at this point. that span beyond colorado at this point. at this point, we do not see a nexus to terrorism. but we're continuing to look and being as cautious as possible with the investigation as we move forward. the joint terrorism task force representing at least 23 federal state and local agencies is on site. again, we are latched up tightly with the aurora police department and working in a very coordinated fashion. i'll be followed by chief oates and we'll prepared to take questions. >> again, i thank all our colleagues in law enforcement for their support today. i'll make a note that senator utal has joined us. and we appreciate the support from the community leaders behind me. with that, i'll take a few questions. >> [ inaudible question ]. >> we are not speculating on motive.

>> can you walk it through the timeline of this -- >> let's do one at a time. >> how did he get inside the theater? >>s that under investigation. i'll tell you his car was parked right outside the back door. >> can you walk it through the time line of this, when it began, point by point and how long -- how much time elapsed? >> again, we were on scene within a minute or a minute and a half. and we immediately arrested the suspect in the back of the theater. from our first call to his apprehension was about a minute to a minute and a half. >> were off-duty police officers inside the theater -- >> we often have off-duty police officers working at this theater. they were not working that night. but the response was rapid. >> did he make an attempt to get away? >> he surrendered without any significant incident to our officers. >> why did he choose batman? >> i'm not going to get why he

did what he did. we're not prepared to discuss that. >> there was a suggestion that he was dressed as the joker. >> no. he was dressed as i described. >> did he say anything to you? >> that's not something we would discuss in this setting. >> what primary weapon did he use to fire at people -- >> there's pretty significant evidence he used the ar-15 within the theater, the shotgun within the theater and a 40 caliber glock. in the end, he was in possession of two 40 caliber glocks. which one was used in the theater or both, we're working on that. >> how about the order he used them in? >> we're simply not prepared to tell you how many magazines. there is a lot of forensic and ballistic evidence. we will be in the theater for quite some time working that crime scene through. we're not in a position to share that with you. >> the ages of the victims? >> in new york, they say they changed some of their plans for the evening.

he said on camera that the suspect was a joker that he had red hair but he is cooperating with you. can you comment on that? >> no, i can't. i received a phone call from the nypd today. i used to work for that agency. i had a discussion with them. but that's all i have to say. >> [ inaudible question ]. >> i know we're working up the investigation of those weapons. but i don't know what their legal status is. we have the assistance of alcohol, tobacco and firearms. >> did anybody else -- >> [ inaudible question ]. >> we are not sure what we're dealing with in the home. they appeared to be incendiary devices. there are chemical elements there and there are also some incendiary elements, linked together with all kinds of wires. as a layman, it's something i've never seen before. we have a lot of smart bomb techs up there trying to figure out it out. >> why did he tell you -- >> we don't know why.

>> he is cooperating somewhat? >> i'm not going to discuss what he's told us. >> aside from that speeding ticket, has your department ever been made aware of this individual at any point? >> that's the extent of our contact with him. anyone else? >> what did he start shooting with? >> if i knew that, i wouldn't tell it to you right now. >> are there any -- >> we're not in a position to talk about the identity of victims. let me talk about our handling of the victims. we have a lot of work to do. we've mobilized at least 50 victim advocates to deal directly with the vicks and their families. we set up a staging area for families at gateway high school, right down the street. that continues to be the staging area for victims. and obviously we ask that you give them some space and privacy. there are folks who are trying to locate loved ones. this is a very, very tough day for a whole lot of people. they've been through an awful lot. we'd appreciate if you gave us some space. but we're not in a position to talk about any of the victims

until all the victims are identified and all the family members are spoken to by us. >> you are listening to aurora, colorado, police chief dan oates. you heard from district attorney carol chambers, as well as special agent jim yacone describing what they know and what they are telling us in the wake of the shootings at an aurora movie theater. >> the police chief at this stage is not speculating on the motives of the suspect. but they are confident that he acted alone. and at this stage, they're saying he does not have a criminal history. still a lot more we need to know about this story. let's get to tyler mathisen who has the latest on this. >> mandy, thank you very much. one of the thingses that new news since that press conference with chief oates began is that the total casualty toll is 71. two died at hospital and ten on the scene. but then another 59 were either shot and wounded and taken to

hospital or were the victims of flying debris and had injuries as a result of it. so that the casualty toll now, 71 in total, including 12 deceased. the special agent yacone of the fbi says that more than 100 fbi personnel are on the scene right now, examining the crime scene, the alcohol, tobacco and firearms department has another 25 individual there is on scene. chief oates said that he had no idea how many rounds were actually fired. but interestingly, from the time the first 911 call came in at 39 minutes past midnight this morning, denver time, it took one to one may have minutes for police to be on scene and right at about that time or about a minute later, the suspect, james holmes, 24 years old, was arrested without apparently any further incident. when he was arrested, the chief said he was wearing what you

would certainly describe as paramilitary or s.w.a.t. team-type garb, including a helmet, chest, groin, chin, leg protecters against bullets and explosive devices and that he was in possession of four weapons. three which were apparently taken into the theater and deployed there. a shotgun, an assault rifle and a 40 caliber glock pistol, another glock pistol was found in the suspect's car, which was parked at the back door. the chief not speculating on the motives but apparently no ties to terrorism or to extremist groups. and the working assumption right now clearly is that he was a deranged individual acting alone for whatever reasons might have been percolating in his brain. at the suspect's apartment right now are bomb techs from the aurora and surrounding communities, the aurora police department. and they are looking at what the

chief says is an extremely complicated maze of trip wires and booby traps and incendiary and chemical devices which they were tipped to apparently by the suspect when he was apprehended. one wonders why he would have told the police that if you go to my apartment, which they surely were going to do, you would find those booby traps. as we learn more, we will bring it to you. buts that a pretty detailed and full report as of this hour. >> tyler, thank you very much for that. we do believe that we will learn more tonight at 9:00 p.m. eastern time when there will be another news conference. we're going to have a quick break here on "street signs." join nus a couple of minutes' time. like in a special ops mis? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do.

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let's turn our attention now to the markets where we've had a pretty positive week. but it's headed for a negative finish. all three major averages are seeing their worst one-day drops in two weeks. all three seeing their first down sessions in four days after the dow and the s&p finished their highs in almost three months just yesterday. but, if you want to find a bright side, all three are still on the plus side over the totality of the week. let's get to bob pisani down on the floor of the nyse. bob, i'd like you to briefly characterize the week that was in terms of how earnings shaped up so far. >> i'm pleased that earnings generally will are coming in better than expected.

most companies are beating on revenues. we have about a quarter of the s&p reporting, 69% are beating on earnings. on the bottom line. but only 42% are beating on the top line. that revenue-light quarter is the big story. why is this happening? companies are continuing to find ways to improve the bottom line, cutting costs, buying back shares. that top line is the problem. and that grows to that global slowdown that we've been seeing. one really good point about today, general electric did not change their guidance. you think, big deal. if there was a big global slowdown that was an issue for them, they would have done that. and that stock is up almost 2%. reflecting the fact that people were anticipating that might do that. didn't happen. >> can we make it four in a row. doesn't look like it right now. we're slumping. but is the selloff just a correction for an overzealous week? we're still up pretty good for the year. joining us, andre julian and ken

caddian. the russell 2000 is up 7%, it's been a good year even with all the fear. can we take hope in that? >> yeah, absolutely. you're starting to see the market broaden out a bit. people have stuffed so much money into the mattress. everyone knows the dividend play story and the mega cap story. >> andre, i want to bring you in. we're up pretty well so far this year, especially compared to some of the other developments markets. but have we rallied for the right reasons? is it just further expectations of q.e.? >> i think it's further expectations of q.e. f. you look at it, a lot of these earnings are mixed. a lot of the revenues are mixed. we have ge beat but also the revenue wasn't as good as expected. you have this mixed bag right now. we have mixed economic news. you saw it this week. it comes down to money goes where money is treated best. >> does it even matter why we

raul as long rally as long as we rally? >> that's a great point. that's true. if the fed is going to offer stimulus and put it into the market, yeah, go back into the market. a great place to look is ebay. there hasn't been a lot of topline growth. ebay has had that topline growth. it's been a choppy market for the auction market but they've gotten through a lot of the headwinds. they had 14% topline growth last quarter, $16.2 billion in revenue growth f. you look at a company like that, i think -- getting 53% of their revenue from overseas and that market is really trending well. i think ebay is a tremendous place to look if you want topline growth. >> the dow is the worst-performing index for this year. a lot of the industrials are facing the headwinds of europe, maybe a slowdown in china. and the smaller, more domestic companies have done better. should we stay with just domestic plays right now? >> i think if you're looking at retirement funds, if you're

looking at your nest egg, you really want to be in the better balance sheets. and that's some of the story. because those really did well last year. you're getting catch-up, as i was saying before, the market broadening out a bit here. i think that's a positive -- >> what kind of sectors? >> i think you're seeing it kind of in a number of places. certainly technology, there's more and more technology that we're going to have in our lives, not less. the health care story is a little bit muddled here. but there's going to be an interesting landing there and people are -- >> you and i live in a similar area, a lot of pharmaceutical companies. they're booming. many of them are at record highs. we look at the demographic profile of america. can you just buy a basket of pharmas and forget about it for ten years? >> if you can tune out the day-to-day volume of the market -- everyone's thinking that bernanke is telegraphing q.e. 3. and i'm basically thinking he's scolding the elected officials saying, my toolbox is somewhat empty. get something done here.

it was almost like the jewish guilt i grew up here. >> andre, i have to ask you, sentiment among the individual investors is so low right now. i think bullish sentiment is down to its lowest since august of 2010. can we use this as a contrarian indicator and say, wh enit gets this bearish, maybe the market's about to turn? >> i would like to say so. but there are a lot of overhangs coming up. we have the debt ceiling issue. we have a lot in 2013 -- a lot of headwinds to face. you look at possible increase in payroll taxes, income taxes and then you have decrease in spending. we really could come across another 2 million unemployed next year if that comes together. plus you have government gridlock. we saw how they faced the last challenge. i'd love to say that, love to be a contrarian here. but we're going to have a continued volatile market. i think we're facing a lot of headwinds and moving into 2013. i still think we see more of the same and we're going to have to

rely on the fed to step in. unless we get that clear market direction, it's going to be a choppy, volatile market. >> thanks for not bearing any good news. have a good weekend. still to come on "street signs," yesterday, herb raised the red flag on the lender worldwide acceptance corp. the analysts now are firing back. >> part two of that story. but next, the coming food prices. the fears of corn shortages not just here but around the world are escalating. the economic and market impact ahead. ♪ ♪ i want to go ♪ i want to win [ breathes deeply ] ♪ this is where the dream begins ♪ ♪ i want to grow ♪ i want to try ♪ i can almost touch the sky [ male announcer ] even the planet has an olympic dream. dow is proud to support that dream by helping provide greener, more sustainable solutions from the olympic village to the stadium.

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serious investors are choosing fidelity. now get 200 free trades when you open an account. corn prices up nearly 50% this year. and with corn a huge ingredient, in more than one-fourth of what you buy at the grocery store, stock prices are going up. welcome to the program. what companies are going to

be -- that you cover will be the most hit by the expectation of higher input costs? >> thanks for having me on. yeah, in terms of input costs, first of all, the increase in corn prices -- obviously, it's isolated to a few commodities. so i think overall, it's not a reason to hide from the food space overall. but in terms of which companies are more exposed to it, we think dean foods is a company which will see higher costs next year, as well as flowers foods, which is a bread company, and also a company like lance foods, which makes pretzels, et cetera. >> avoid those names? >> yeah, for now. it's still too early to say that this is a sustainable trend that's going to impact even those companies for a long period of time. but given the recent 40% increase in corn and wheat

prices, we'd certainly avoid those names. but we don't think it's a reason to sell all food stocks. food companies still have great balance sheets, good cash flows and we still like the space in general. >> you know how traders and investors will sell everything in a group missing maybe the more nuanced stories. so you've got smucker down about 2% year to date. is that an overreaction? are you recommending to your clients they buy smucker? >> i am indeed. first off, from a commodity standpoint, 25% of their costs are related to coffee. coffee prices are down pretty big. that decline is going to more than offset any costs on wheat. from a commodity standpoint, they're doing a lot better than most of their peers because of their exposure to coffee. generally, we like the company, 50% of its sales come from coffee. we like the dynamics in the coffee segment with volumes

imgrooufing. there's a kei cash flow story in smucker that's underappreciated. >> akshea, thank you very much. have a great weekend. >> thank you. higher food prices aren't just affecting people here in e united states, many emerging market economies are critically dependent on those commodities as well. is there a solution? joining us is tim seymour. tim, as i was saying, we're focused on the brutal drought here in the u.s. but places like ukraine and kazakhstan are so much worse. what are you seeing? >> food inflation on a price hike is social problem. it's a major issue that we don't face in this country yet it may become something that trickles down. if you look at a place like china, food inflation is a social priority to control f. you look at where inflation was two years ago at the peak, in march of 2008, it was around 8.5%. a lot of that was food price inflation.

india, another place with significant social concerns driven by how they manage to feed their population. a billion of the world's population are in poverty. and if you look at emerging markets, 75% of their take-home is going towards their food budget. and that's very different than what we face in this country. people looked at the arab spring. there's a lot of reasons why that happened. but part of this is an inability to feed your children ands that something that will continue to dominate, so long as global population growth is 1.2%. global food production needs to be about 3% to keep pace. and -- >> tim, there is no easy solution, particularly for central bankers. i want to ask you, is there a way to play this stockswise? >> monsanto to me f you're looking at the corn drought, this is about genetically modified seeds. this is about drought-resistant corn. this is about places where you can play it. the fertilizers are good to a point. but they will stop planting.

if you look at the food chain, i would say in the short run, companies like tyson or some of the meat producers who are getting sold down on this, i think ultimately benefit because the price of meat is going to go up. i think they're going to be able to pass that along. they have to pass that along. but if you look at this problem, it is a global problem and it is something that's not going away. >> absolutely. tim seymour, thank you very much. i'll see you tonight. tim and i will be hosting another new episode of "trading the globe" at 7:30 p.m. eastern right here on cnbc. >> you introduced tim as the co-host. you are the other co-host. >> it is a 50/50 team. just like us. up next, herb taking a victory lap on chipotle. he warned us and you about the stock. today it's getting crushed. also, the diamond boom, how these precious gems turned one of the world's poorest countries

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it is "street talk" time.

first, we have dole foods, ripe for the picking. >> the fruit and vegetable distributor reporting better-than-expected quarterly profit. but also and maybe why it's moving a little m it's considering a sale or spin-off of its packaged food business. the company's biggest topline contributor, fresh fruit sales, fell 18% due to lower prices for bananas, just bananas, sold in north america. but dole with today's move now positive -- >> interestingly, the report was for last quarter. the current quarter affected by drought. i'd be interested to see whether this is a company affected by that. a flash of good news for sandisk. >> yes, sandisk, it's a name we talked about on "fast money" last night. soaring up nearly 12.4%. beat quarterly earnings and revenue forecast. a steep decline in margins on flash memory. but it's one of those -- we knew it was going to be bad but it didn't come out as bad as we feared. >> as bob said, this season it is not as bad as expected. not as bad as feared, right? >> exactly right.

sandisk up 12 -- >> very stark contrast with amd, another chipmaker, cut, downgraded by a number of brokerages. this is a difficult name to say. cepheid. >> going the opposite of sandisk. second-quarter earnings dropped 38%. hurt by higher costs. masked strong sales growth but costs were high. spooked some analysts. they lowered their targets due to macroeconomic conditions. it got whacked. all their gains for the year now gone. the stock is down 1.5%. they were up nicely. one day, boom, wiped out. >> also the name of a galaxy far away that hasn't been

discovered. >> and a good rush song. >> baker hughes, drilling for success. >> drilling for success. it is a very punny day. >> it's friday. give me a break. >> baker hughes up. they're beating the street by -- i think it was 20 cents a share. they beat the street by a handy margin. that stock is up 9.4%. people into the fracking side of the story like this news because there's a lot of fear about getting resources -- baker hughes said we can't get the men and women equipment to the areas fast enough to take advantage of what we can. so pretty solid results for bhi. still down 6% year to day. but a big day. >> maybe we could break bread together. combine two. let's bring in bob. chipotle having its worst percentage drop -- >> you're not doing a victory lap? >> all i'm going to tell you is, we started talking about this back in june of a year ago and even mentioned it all along and a shout-out to itg group which

nailed this back in this past june by saying their in-store checks showed there would be a sales slowdown. but the bottom line here, priced for perfection means priced for perfection. you can't have anything go wrong. this is what happens with these companies. >> something else that you were talking to us about yesterday, right? what is it? world acceptance. >> world acceptance -- >> world acceptance. >> it charges up to 204% for loans, for a payday loan company, i believe not necessarily the highest that they could charge. >> this is not a payday loan company. this is an installment loan company -- >> thanks for that. >> let me tell you something. >> these are not the droids your looking for. >> some analysts out today saying some things including one thing that what i said was misguided. the only thing misguided was this analyst calling what i wrote was misguided. world acceptance down 7%.

world is an installment lender. that means it makes pretty small subprime loans to people who cannot get loans elsewhere. for that, the company discloses that it charges interest of anywhere from 24% to 204%. the gist of my piece was that world could find itself in the crosshairs of the newly formed consumer protection bureau. this is not something i made up. i got it from the company's s.e.c. filings and its last earnings call where the company said that on a national level, quote, the primary focus and concern is the ongoing developments at the cfpb. a few analysts put out their own pieces today trying to discredit what i wrote. one said, if the cfpb goes after installment lenders, it won't be doing so anytime soon, if ever. that's another way of putting it, i guess, that the cfpb could very well go after them. which i suspect is why one of

the risks disclosed by world is that it could be hurt by, quote, media and public perception of consumer installment loans as being predatory or abusive. which gets to my point, the very need to include that risk. here in post-subprime crisis 2012 is the very reason investors in world should be concerned. >> they should be concerned. but they haven't been concerned, right? >> no, because the company keeps -- the company just keeps buying back more shares. the company's buying back more shares at very high prices. we've talked about how buybacks can be done poorly. this issue of the states that allow certain levels of interest to get charged in certain events, that's an issue. >> that's why they have to put that in as a risk. the one thing i'm going to give the president and the cfpb very high marks for is they've been good about trying to help out the little guy, right? capping certainly things or trying to limit sort of credit card abuse, vis-a-vis, the credit card settlement.

if they decide these types of companies -- >> they haven't decided. >> they have not. but if somebody somewhere wakes up one morning and says, let's go after that group, you have to imagine, for that group, it's going to be a very bad stock -- >> you know what happened to cmg right now? it's the same thing that happened to chipotle or any other high flyer, kaboom. >> july 26th is the day to watch out for? >> we have to revisit what you just did. it's a payday loan company -- you said, this is not a payday loan company. >> what did you call it? worldwide acceptance? >> i screw up every day. you don't. >> that's another way of saying it -- >> i grew up 51% more than you do. >> that's why you guys are the anchors. >> co-hosts. >> it's a 50/50 thing. >> gotcha. we have my kind of story with lots and lots and lots of bling. >> this is cool. we're going to give you a rare

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good afternoon, everybody. on the "closing bell," top of the hour, can taco bell's new gourmet menu really lure customers away from chipotle? news on chipotle today. we'll talk about that and we'll talk to taco bell's ceo. plus the fiscal cliff fallout, why somebody here says the u.s. economy could lose up to 10 million jobs if the nation goes straight off that fiscal cliff. and how come nobody's up in arms over new yahoo! ceo marissa meyers's pay package? is it because people only get upset when wall street ceos get that kind of money? first, let's get to sharon epperson down at the nymex. sharon? >> just heading to the close of the natural gas market. and it looks like natural gas is closing at a six-month high, above $3 for the first time since january, big gains in natural gas that we've seen all week long. a lot of it has to do with the

hot temperatures we're seeing across much of the country, as well as the fact that the increases in the storage level for natural gas are less than we normally see for this time of year. natural gas getting some momentum from some of the technical traders, looking next for $3.19 to be the next level to beat for natural gas futures. continuing on a tear here in electronic trading. >> thank you very much. the big diamond company expecting modest growth in jewelry sales for this year compared with a robust 2011. bob pisani recently traveled to the most valuable diamond mine outside the capital of botswana. he takes a look at how the poor african nation has turned into a boom town. >> reporter: when it comes to diamonds, botswana is king. about one-fourth of the world's diamonds by value come from this small african country of just 2 million people.

and the debeer's group is the largest in the world. they've formed what some consider to be the most powerful diamond operation in the world. >> it was in the mutual interest of debeers and the botswana government to go into a joint venture. as a quens of this -- >> it has become a diamond mining powerhouse. it's paid off for both debeers and botswana. in the 1960s when it gained its independence from the united kingdom, the country was one of the poorest in the world. and although there are still pockets of poverty, today it's changing with a growing middle class. and it's transforming the face of the capital. they're building an entirely new central business district. there's construction cranes everywhere, thanks largely to the diamond industry. >> obviously without the diamond, our level of

development would not have been to the extent that it is today. s that fact. >> reporter: so important are diamonds to botswana that they account for about one-third of the country's gdp and some 80% of government revenues. money which goes to pay for much of the burgeoning infrastructure. >> we have been able to build schools, been able to provide health facilities, provision of water. and then roads, the road infrastructure. so the story of diamonds is the story of botswana. >> and the relationship between debeer's and botswana only getting a lot closer. the government owns 15% of debeers. 15% of the company itself. and the company is moving its sales operations from london to botswana next year. and i'll have more on how the cutting and polishing operations are done in botswana in the next couple of hours. it's a fascinating country. really has transformed themselves thanks to diamonds. >> and not just botswana.

we were chitchatting, africa as an investment destination in terms of the e.m. world has been known for so long. but there are places like namibia and other places that have really started to take off. >> that's largely because of the commodities available, not just diamonds but iron ore and lots of other commodities. the airport was brand new when i was there. it was built by the chinese. the chinese are making all sorts of low-interest loans to build infrastructure. it's a real problem. the united states before get investing over there. that's my opinion. >> the competition is heating up. >> thank you so much, bob. when "street signs" returns, security increased everywhere but also at the movies after the terrible theater rampage in colorado. should some of these precautions become permanent? >> we debate the trade-off of keeping the public safe against the free and open society that we do enjoy as americans.

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>> more details now on the movie theater shooting in aurora, colorado. president obama and mitt romney aur offering condolences to the family. authorities now say 71 people were shot, 12 filled, 59 wouned. james holmes has been arrested. the owner of the theater says they're working with authorities and they're deeply saddened by the shooting. they insist it's safe to go to the movie. >> we play to 200 to 250 million people a year with little incidence. it's a secure environment, this is a strictly one off tragedy

that's happened. >> we have fred who consults, malls and targets that are considered soft like satadiums, is there really a way to protect these places going forward? >> not really. what's needed is very much protective intelligence, good information leading up where you have suspected identified ahead of time. it's pretty impossible to protect the sheer volume of soft targets we have across the united states. >> is it realistic to put things like metal detectors outside staidups or malls or is that going too far? >> i think in certain high profile events like super bowl or major world series events, it makes sense, but the cost and

manpower and the disruption aspect, are you going to want to take your family to a movie where you have to walk there metal detectors? >> what's the answer to that, fred? you know how we react to these kind of things. at what point do we stop going, how safe should we feel? >> i think in these kinds of environments it really takes a high degree of situational awareness. for example, when the shooter exited from inside of the movie theater, a light should have gone on. why didn't the alarm on the fire exit door go off and he enters through the same route. if you see something suspicious you need to make others aware of it. i don't think people go about their business every day thinking there will be a

terrt at unless you're in cities like new york or washington dc. the farther you get away from the east coast, the less people are thinking about this incident. >> we know you have vast experience in this area. do you notice a uptick in businesses and crowded places taking precautions and installing security and that kind of thing? >> it's really situation driven. across the country, what would be the cost factor to protect all of these facilities, how will you do it? hire off duty cops? that won't help in this case where the ticket buyer gets inside and is the shooter. it's the same challenge that the hotel sectors have when you have patrons that can rent a room, plan a terrorist attack like

what happened in mumbai. it's the same kind of situation. >> thank you for your advice. next, today's sign of the times. >> we look at what the spending habits of the rich are telling us. [ male announcer ] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line,

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what have you found? >> they are tightening their belt. you look at retail sales this year for the industry and more most segments it's up except for those selling over $75,000. let's start with the lexus ls 460. sales down almost 30%, but for the lexus brand, their up. for audy, they're up 15%, and mercedes, the e blasz is down 5%, and overall they're up 17%. so what's happening? buyers on the luxury end are cautious about shelling out money for the upper models, bmw has a dealership there, look at the 7 series instead of the 5

serious. you're not giving up a lot but you're saving money. the luxury buyers are still buying, but they're coming down, they're not going over $75,000 the way they have in the past. >> you're talking about that, but on the other hand you have luxury pickup truck sales are going up. luxury trucks are hotter than ever. >> they are, and we're talking about like the king ranch cab from ford. you're looking at something that will cost about $60,000 or $62,000. get up above $70,000 and it's tough to sell a pickup truck, but we're seeing people gravitate toward that upper end. there is a noticeable change. >> thank you very much for watching, i should note the dow at it's low for the session down about