breaking news out of las vegas. at least 20 people are dead and more than 100 others are injured following a shooting at a country music festival it happened overnight near the mandole bay casino witnesses saw muzzle flashes coming from one of the upper floors and the sound of automatic gunfire. the shooter is dead and they were searching their university center they said some flights were

diverted due to the shooting >> clearly a developing story we'll keep a close eye on. the first trading day of october. we just finished the third quarter which was positive basically for asset classes across the board, stocks, bonds, commodities as well. s&p and nasdaq closing at record highs on friday. here on monday we're setting up for potentially a positive session with the dow up 20 points s&p 500 higher by around 2 points as well technology the standout in the third quarter gaining around 8%. switching focus to bonds where yields have been on the rise, let's take a look at where the ten year yield has been trading at at 2.35 feet on friday economic data.

that's the jobs report the question is whether the fed will raise rates before year's end. markets are all closed for holidays gains for japan and also for australia for the month last month. japan was up, hong kong and shanghai down. european trade is up for the most part apart from the spanish index which is down because of those clashes over the weekend with that referendum not happening, not legal huge gains for germany for the month last month up 6.4% we did have the u.k. down, in fact, but for the quarter as a whole it was gains across the board as it was in the u.s. >> let's take a look at broader markets. oil had a positive third quarter

crude is trading lower, $51.45 ice brent crude at 56.62 switching focus to currencies. that was a very interesting topic when looking at thirteenth third quarter. the euro had fine, the u.s. dollar at 112 against the japanese yen. >> the weakness is the most important part is it bounces back by the end of the quarter we have seen it strengthen. it's continuing in a market fashion so the dollar continuing that trend in the last week. gold prices down nearly a percent last week and down a little bit as well today at $12.76. the eurozone jobless for august, 9.1% which is the same as it was

before turning to this weeks's wall street agenda, janet yellen is expected to speak. ism today and friday is a big one, the jobs report switching gears to corporate news facebook will turn over some 3,000 russia-linked ads to congress today they probe russia's involvement in the 2016 presidential election facebook says it will provide related data like ad costs and target audience. all of the information will be turned over to the house and senate celebrations committee. stocks to watch, disney and altice reaching a tent tiff program deal but avoids a blackout

they're finalizing terms, altice is up a percent. disney is flat talks to take nordstrom private are in danger of falling apart the retailers is struggling to come up with the terms boeing and bombardier said they will fight to protect thousands of jobs put at risk in northern ireland. some more stocks on our radar this morning, aig set to save as much as $150 million in annual compliance costs. this after u.s. officials released it to too big to fail that gone rambling

rising 16.1% in december this extends a winning streak to 14%. casino stocks, mgm, wynn all in existence. equifax exposed a massive data breech. they sold $1.8 million of shares within three days of he can fact learning about the hack. the wall street joushl said john kelly is under fire. he's in charge of controversial sales and in charge of the company. >> breaking news story out of las vegas. the jay gray has the latest.

>> wilfred, seema, this is past here we're two blocks away from the strip where this all took place a bit earlier. we have the numbers from las vegas police more than 20 dead. more than 100 injured. many in critical condition rushed to the level 1 trauma facility this was the route 91 harvest festival, country music torgt. 30 we know someone have stormed the mandalay hotel they were raining down automatic

begun fire interport as far as people coming in and out. jason aldean was on stage at the time of the shooting we have been told by his representatives that he and members of his band are okay and trying like so many to sort through what's happening wilfred and seema. >> you mentioned about 1 00 are injured and have any police officers been killed >> wilfred, we have not heard of any officers that were struck during this attack we know initially this number said there were 12 people in still.

we're still very early in this morning ambulances are moving in and out transporting people from the scene. >> jay, remind us what time local time this began, what time it ended and when we might hope for things to get back to full swing. is the open. >> it seemed to have happened around 11:00 to evening. it's not clear when the shots rang out we continue to learn more. 30,000 people or so in an open area concert venue, the shots ka rang out and the area was shut down for fears of perhaps a second gunman or someone

involved with this was trying to get out of the area. what police are telling us is they know there's one begunman down they believe he was here but -- thirngs getting back to some type of normalcy here. it's going to be a while, wilfred. people said they needed to go to work police said there will be no work down there. nobody will be inside any shops that just can't get around walking out if you for upfor that catalonia splitting from spain. hard to say they've officially voted. plus, more than 100,000

people have been left stranded after historic collapse of a u.k. aliirne we'll bring you details of a collapsing regime. stay tuned what did we do before phones?

they save us from getting lost, getting hungry, and getting tired of places like this. phones changed everything - shouldn't the way pay for them change too? introducing xfinity mobile. where you can pay for data by the gig, and share it across all of your lines. no one else lets you do that. see how much you can save when you pay by the gig. xfinity mobile. it's a new kind of network designed to save you money. call, visit, or go to xfinitymobile.com. good morning, give you an update on the markets. slight gains last week around about a percent for the nasdaq quarter of a percent for the dow

and somewhere in between for the s&p. energy was the best performing sector had an outstanding month and quarter as well. up some 9% for the month and some 12% for the quarter that did come up, it would have been a bad start to the summer it certainly ended the summer well seema? >> today's top global market story. a political crisis in spain. unofficial refr ren dem descending into violence we're joined from barcelona. willem, over to you. >> reporter: over the course of the evening we heard there was a 90% vote in favor. the catalan government has not released any numbers we visited a number of the polling stations where people were very organized, allowing

voters in in small groups, protecting the entryways of the 2300 designated polling stations, just a fraction were, indeed, shut down by the spanish government the catalon government said this is a voice they've earned the right for independence he stopped short of calling for independence the televised address said this was unacceptable the vote was illegal and led a path to nowhere. there's really a clash being set up between the catalan address they can using the constitution of spain claim this vote is illegal. they can arrest them that would increase tensions even more over the course of what we saw sunday. >> willem, thank you very much for that insight

we'll discuss this further let's look at what the market impact has been so far the ibex is down a a suspense. we're going to have those markets for you. down 1.2% in the spanish ebix let's discuss this michael is joining us. i suppose the key first question is where this might have fell if there was turnout of 100% or so because i guess those people that were going to vote to remain a part of spain might not have turned out at all because the spanish government were on the street preventing them from doing so. >> reporter: if there was 100% turnout it wouldn't matter or change the game that much because the spanish government

has already said that this is illegal. spanish bank's constitutional court ruled this is that an tutly binding vote 100% turnout would have given him extra moral credibility. the bigger question is how the catalan government choose to use this vote now potentially declaring unilateral independence or not. >> that seems to be the next question, what steps the catalan government will take they, of course, voted in favor of independence. if they do pick this next step of unilateral independence, and change the.

>> well, absolutely. they have two options. they have to claim that catalonia is a de facto entity if that happens, that would create an unprecedented constitutional crisis in spain with rohoy having to use article 1.555 and end catalonia and seize i have they may say we have the right to independence now but we're now going to start a period of consultation with the spanish government and with the eu about how best to bring that about that would keep the fires of the

independence government burning. >> michael, talk to us quickly about the reaction from various eu leaders outside of spain and what this means for the images. >> they were shocked by the imag images, these were people who were participating in an illegal referendum they were trying to vote the optics of that were bad in europe and more broadly internationally. having said that, the official lines is that. this is app internal spanish matter it's clear that this referendum is illegal. >> michael -- >> the europeans --

>> we'll leave it there. michael with the financial times. the market is down 1.2%, the ibex the euro is down that's a similar move lower against the dollar as we've seen for some of the other currency pairs. in other news out of europe this morning, the u.k.'s monarch airlines went bankrupt last night. they're working to charter aircraft to bring those customers home it's seen as long-term wins for other airliners, especially the discount airliners ryan air you'll see up 3%. clearly a story we're watching ea easy jump.

they're having to be flown home. they're using respect to continue following that breaking news story out of las vegas where at least 20 people are dead and more than 100 injured following a shooting on the vegas strip. we'll have the latest when "worldwide exchange" continues ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this?

you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. this is not a cloud. this is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. this is a financial transaction secure from hacks and threats others can't see. this is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. this is not the cloud you know. this is the ibm cloud. the ibm cloud is the cloud for business. yours. ♪ ♪

...has grown into an enterprise. that's why i switched to the spark cash card from capital one. now, i'm earning unlimited 2% cash back on every purchase i make. everything. what's in your wallet? exchange." we're continuing to follow breaking news out of las vegas where 20 people are dead and

more than 100 injured after a shooting on the strip. let's bring in tracie potts. any comment from the white house? >> reporter: no, it's still early here, wilfred. we haven't heard anything. we'll monitor the president's twitter which is often where we see a response. >> tracie, let's therefore now turn to the week ahead president trump heading to puerto rico. what else do we know >> we know he spent a lot of time tweeting about puerto rico over the weekend and north korea essentially telling his secretary of state to save his energy on trying to negotiate. he was unusually busy on twitter and the bulk of it had to do with his response. president trump. >> we're going to dedicate this trophy to all of those people that went through so much.

>> reporter: dedicating team u.s.a.'s president's cup to puerto rico. he called out politically motivated ingrates mayor cruz criticized the federal response to north korea. >> people have been told to register via internet for fema relief when we don't have any internet >> reporter: that put the trump team on defense. >> we've literally sent in tens and hundreds of millions of dollars worth of cash. >> you can only shove so much into an island pre-storm if you push in so much stuff the storm may -- the president instead of tweeting against the mayor of san jon whouan isn't h.

>> reporter: he called out his own secretary of state rex tillerson is wasting his time trying to negotiate with little rocket man. this, for tillerson, said is talking to north korea about what it would take to bring them to the table >> reporter: there could be another option here. remember, they provide 90% of the foreign trade. now u.s. officials are saying china may be willing to cut those financial ties that could put a lot of pressure on kim jong-un to back off the missile tests. >> tracie, thank you. in other news out of washington, the u.s. supreme court will kick off the new nine month term it faces a blockade.

there are objections to same-sex marriage, the privacy of cell phone users. coming up on the show, a roundup of the headlines adcluding the latest on the dely shooting in las vegas we are live on the scene "worldwide exchange" will be right back woman: every year we take a girl's trip. remember nashville? both: kimchi bbq! amazing honky-tonk! i can't believe you got us tickets! i did. i didn't pay for anything. (sigh) you never do. send me what i owe. i've got it. i mean, you did find money to buy those boots.

(alert beep) are you serious? is that why you don't like them? those boots could make a unicorn cry. yeah! tears of joy. (groan) settle up with your friends on october 17th with the bank of america mobile banking app.

breaking overnight, a gunman

opens fire 20 dead and 100 injured. straight ahead a crisis brewing in spain. catalan's chance to become independe independent. plus, a hedge fund comeback shows the industry may not be doing as badly as you think. monday, october 2nd, you're watching cnbc. good morning and very warm welcome to cnbc. i'm wilfred frost. >> i'm seema mody in for sara eisen. a gunman killed 20 and 100 or so injured. nbc's jay gray live on the scene. >> reporter: hey, wilfred, seema, this is all unfolding the strip, locked down as you would expect

the latest numbers from las vegas police, more than 20 killed, more than 100 injured. many of those in critical condition. this all happened at what was the end of a three day music festival jason aldean was on stage. witnesses, people at the concert say they heard hundreds of rounds fired from what sounted like automatic weapons from before los angeles police have killed a gunman in the oomph this outdoor music venue. they are telling us that they are searching for a person of interest a second person not described as the shooter or someone who was there at the time but a person of interest. a local resident, mary lee danley, police are trying to track her down right now as they

continue this investigation. at the scene, we know that ambulances continue to rush in and out leaving with lights and sirens which means they are transporting victims this is very active. the investigation just beginning here and what police are stressing is not to jump to any conclusions at this point. they're trying to work through what's happened here they're asking everyone to stay away from the strip at this point. i think that will be the case for quite son time. >> again, you were saying not more than 20 are dead. one of the gunmen has been shot. any idea if there's more than one shooter involved in this attack i know it's still very early we tried to learn more about the details surrounding this attack. the motive used by this gunman. >> yeah, they won't say anything about the gunman investigators are saying they're not releasing his name, not releasing any thought of a motive because they're not there yet. this is the beginning of a long

and difficult investigation. there were some reports there may be a second gwunman. mary lou danly is someone they think has intimate knowledge of how all of this unfolded. >> jay, remind us of the time. it was 10:00 p.m. local time that police first responded so 1 clrk ooim but the shooter had been apprehended or shot dead. >> i would say we first got word or shooter probably between 11:30 local time an hour or so. we know they made a forced entry into his hotel room.

there was a brief exincludeclus. police say they will release what they can when they can. right now this is a very active investigation. >> jay. >> as ever, thank you very much for that jay gray in las vegas. we'll be back with jay as more details are revealed by the police. let's get a check on the global market setup this morning. this kickoff to the fourth quarter. just as we wrap up the third quarter, the dow did gain about 5% in the third quarter. s&p 500 let by energy, standout gaining about 8% we're up 30 points nasdaq by 8. the s&p 500 up by 2. taking a look at the move across

the bond market, 2.35% yeah, still holding on the level. that's the yield on the ten year economic data this week will be on the manufacturing front on thursday a speech from janet yellen. >> gains for the last month in asia more mixed. japan was higher but hong kong and shanghai were down you have quite a lot of the chinese related markets, hong kong and shanghai. australia having moved up. it was a bit more mixed. for the quarter as a whole, folks across the board as it was in the states. this morning we have gains across the board apart from spain of course following those violent clashes over the weekend. between national police and voters in barcelona.

>> turning our attention to commodities where oil had a strong quarter brent gaining 20 perfection percent in the third quarter here on monday, slightly lower $59.56 lower by .3% if you average it take a look at the currencies. the longest time the collar has been a weaker currency we started to see a rebound in september. the question is whether that trend will continue. the euro noticeably lower at 1.17 against the dollar where many say that's related to what's going on in taking a look at gold. lower here by $9 in early trade. in tech news, google is

getting a change it comes as a result of the media giant who said sales are suffering. google has its own software for customers. tech, gartner releasing a new outlook on spending. peter, thank you for joining us this morning what's the main take away for you from this report >> first it is that the market this year will grow 3.3% so we will have a 3.5 trillion the tech market is really healthy and it's driven by software and software services it's a very healthy market right

now. >> is there still a boon there for the people we've framed in terms of women software as a service is named as opposed to the hardware company? >> in devices we do have a rebound. such as that's good for couple such as that drags on the services market. the hot spaces is in security software and software that uses art tigsal intelly ghens that's what's driving a shift. >> i was curious how the high profile cyber attacks, equifax, has incentivized tech companies to spend more on security. >> yes every cios in orlando this year,

it's montpelier in terms of the response side. so there's a shift in the market and interestingly enough, this is also where artificial intelligence is going to play a significant role humans can't detect this we need technology to detect this and therefore defend and be the defense ahead of anything that may happen. artificial intelligence is starting to pivot into the center of the technology space over the next five years. >> do you think this is going to be something that is a very dangerous threat to the future of human life is in effect or will we celebrate in the years ahead like mark zuckerberg >> it will help us deal with the

talent cliff that exists in the world right now. we have millions of people that need to be retrained to deal with the new challenges of the world. that's where artificial intelligence helps it will help find, educate and augment human beings we believe that while artificial intelligence may eliminate $128 million jobs, is it will create 2.3 million jobs. >> thank you very much for joining us hedge funds showed they're making money researcher hfr says the average hedge fund performer is up 5.5%. hedge fine is up by significant. time for our top trending stories.

we're going to start with o.j. simpson being released from prison after nine years behind bars the former football star was following at a gas station he was asked i'm in a car for the last five hours. he'll remain in the lass veg gags aer yeah. >> weren't expecting it this soon. the internet is still buzzing over the premiere of "saturday night live." >> it may seem like what's coming out of my mouth is banananas. the more chaos i cause, the less people can focus tired, so tired. >> he discussed the exit of --

>> looking forward to another great season of snl especially with politics being front and center. >> absolutely. looking to music, jay z, the evening's musical guest making a statement on stage he wore a football jersey that said colink. along with colin kaepernick on the back. michelle obama getting a surprise gift from bruno plars attending his concert in washington, d.c. the singer met her in person after the show giving her a personalized jersey saying obama, 24k in gold. today's must read. check in on futures this morning which are pushing higher

on by the. we're back in a couple of minutes. for your heart...

your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember.

whatit's up to you, like with tampax pearl.od? you get ultimate protection on your heaviest days, and smooth removal for your lightest. tampax pearl. and pocket pearl, for on the go. well, back to "worldwide exchange." time for our must reads. my pick is in the "financial times" entitled macron may have a bolt vision but merkel calls the shots. mr. macron may get his defense unions, european universities

but on the eurozone the french president will get very little mr. wolfgang munchau is pointing to the fact that her position is weakened and if the fdp comes in to take the finance ministry, she'll have to be slightly less pro european in this term than she was in the last one. optimism based on macron may be dampend. >> especially since we saw the asp party gaining much more support. that has an impact in germany's reform my pick in the "financial times" as well the trickle down delusion on u.s. taxes yes, there were tax cuts and growth

there were productivity resource urs. today productivity is flat and gains have been realized by birth rates are lower. growth equals productivity and graphics game over unless something in that changes some of the other macro factors in play here when trying to assess the true impact of the tax plan on the economy. >> getting ready for "squawk box. joe kernen joins us from there joe, it's one of those mornings where the initial plan seems less important than the breaking news. >> yeah, that's right. we're all thinking about that horrific event i know exactly where that is i'm a huge -- just with jason aldean i don't know if you know much about country music, but huge fan of his it's just shocking i thought, you know, on the way

in, it is like, what is this horrific we will be focusing on what we have there you have it, 20 people and 100 hurt in this shooting on the strip in los angeles where we've all about. have you been there yet, will? >> i've been in fact, i'm going next weekend. >> right you mentioned that you were going and mandolay music festival, once again, where people are there to have a good time. it shatters your sort of, i don't know, view of the world. it's just impossible to prepare for every eventualiteventuality. back to what we do the trump trade seems like it's back on, at least as of last week i don't know what i'd call it. 13, 14% in the dow so far this

year makes me think of all of the guys we've had on for years and years who say don't think we're going to have anything more than mid single digit returns we've got some great guests. we'll get breaking all the news lately there used to be another website i watched. i don't look at it anymore and martin franklin, do you know martin, will >> i don't i don't personally. >> consumer products genius and he's bringing in some great guests as well we've got kevin mccarthy kevin mccarthy on as well to talk about are the tax plans -- kind of interesting that the trump trade goes back on maybe somewhat based on this being introduced we'll see whether the republicans can get their own

party on board you'll hear that just heard seema's must-read you're going to hear that and much worse from the democrats. this kind of stuff doesn't work. it's a give away to the rich i don't know we'll see. >> we will see the performance for last week and last month and the quarter very good. we will see you again in ten minutes' time, joe >> all right up next, more on that breaking news out of las vegas where there was a mass shooting overnight from the vegas strip the latest details when "worldwide exchange. co that's why a cutting edge university counts on centurylink to keep their global campus connected. and why a pro football team chose us to deliver fiber-enabled broadband to more than 65,000 fans.

and why a leading car brand counts on us to keep their dealer network streamlined and nimble. businesses count on communication, and communication counts on centurylink. whuuuuuat?rtgage offer from the bank today. you never just get one offer. go to lendingtree.com and shop multiple loan offers for free! free? yeah. could save thousands. you should probably buy me dinner. no. go to lendingtree.com for a new home loan or refinance. receive up to five free offers and choose the loan that's right for you. our average customer could lower their monthly bills by over three hundred dollars. go to lendingtree.com right now. i love you, droolius caesar, but sometimes you stink. febreze car vent clip cleans away odors for up to 30 days. because the things you love can stink.

the dow 2 and a half joining us is the investment strategist at pnc accent management group, bill thank you for joining us before we get to the markets, it's the biggest story of the quarter, the turn around that we saw in the dollar by the final month breaking that six-month losing streak. in fact, ending the month last month higher for the dollar for the first time in six. >> yeah. i mean, i think finally the market i guess heard the federal reserve that they were serious about raising rates. certainly some of the speeches lately would lead you in the market to price it in that we're going to price it in

the euro, not much of a chance this year. that's part of what made the differential. >> in terms of equities, teg nothing doing well financials what are you expecting in the fourth quarter a continuation or a reversal of some of these trends >> we still like technology and financials, particularly the technology looks like we'll have another really nice quarter of earnings i think financials, not so much on the earnings side yet i think that's a couple places financials were kind of dormant for a while. that's a bit of a reversal i think the one thing to think about is probably to expect -- and this is a fearless workout on some of the measures it's one of the lowest volatility years i'm probably not sticking my neck out too far

global central banks are trying to move away >> bill, does that make it attractive, therefore, to buy protection and certain protection measures are cheaper than they might otherwise be >> it could be it's really hard every time i look at some of the protection things, the cost is relatively high versus, say, what you could earn elsewhere. the percentage of what you think you're going to earn, it becomes a difficult numbers game we obviously look at it at times where we think, you know, it makes sense. i think part of the thing to keep in mind is my reason for talking about the volatility people get used to the current situation and i think that's probably going to change at some point. you have to get yourself mentally around that that we'll see some more jumping around here i don't know how quick it will be one of the things holding down volatility is the fact that the global economy is better

you see more numbers this morning in terms of the pmis and out of japan showing that as still the back drop. >> bill, buy backs play a critical role. does that complicate company's share buy back plans >> yeah. i mean, some of them are obviously on i'll call it auto pilot in terms of buying back. certainly at least the numbers i've seen looking for that to come down a bit. i guess i don't know it's the marginal reason why stocks go up helped earnings because of the buy back, it should in fact help boost the earnings if we're still having an economy getting better that's going to help earnings. to me earnings are what will end up mattering and at least so far we look pretty good there. bill stone, thank you for joining us today the nobel peace prize for medicine

we'll be getting more updates throughout the day. we'll continue to have more live updates from the las vegas strip. that developing and very sad story throughout the day that's it for "worldwide exchange" and "squawk box" is up next live-stream your favorite sport

at the airport. binge dvr'd shows while painting your toes. on demand laughs during long bubble baths. tv on every screen is awesome. the xfinity stream app. all your tv at home. the most on demand your entire dvr. top networks. and live sports on the go. included with xfinity tv. xfinity, the future of awesome.

good morning breaking news overnight. a shooter has killed more than 20 people injuring more than 100 at a country music festival in las vegas. details straight ahead. spain in crisis after a secession vote in catalonia erupted into chaos in clashing with riot police. president trump telling his secretary of state not to waste his time negotiating with little rocket man in north korea. it's monday, october 2nd, 2017,

and "squawk box" begins right now. live from new york where business never sleeps, this is "squawk box. good morning, everyone welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick and andrew kernen is off. joining us is john swan. he is author of the weekly sneak peek newsletter. thank you for being here >> thank you for having me. >> overnight, gunfire erupting at the conclusion of a concert while jason aldean was on stage. that happened just after 10:00 p.m. local time. the clark county sheriff saying more than 20 people are dead and more than 100 people are