management. he said his area have been evacuated. they're forcing him out of his building to go home right now and he is not near that area. it is very important to note right now it is still as ed davis, the police commissioner put it, an ongoing event, adam. adam: an ongoing event and investigation. as we've been talking with the device that was found at jfk library, when you talk about these different devices multiple devices and question being might there be others out there, no official word of whether there are suspects as of yet. we know that the white house has been briefed that an aide from homeland security briefed president obama at 3:00 p.m. this afternoon, shortly after the first two explosions. we also know that the mayor of boston was not at the marathon at the time that this took place. and we're still awaiting for a press conference that he is going to have to brief us on the casualty count, the

number of people injured, the severity of injuries and of course the number of people who have tragically been killed in this. liz: the 117th running of the boston marathon has been canceled right in the middle of it, okay? right in the middle of this most well-known marathon, in the world. two explosions went off. and multiple injuries. severe injuries, whoever did this, and we hear that there's a us is a suspect beingrd guard the at a boston area hospital. it hasn't been confirmed. that is coming from a federal source. who wanted to affect the greatest number of people. it hit just at moment where more than most of the marathonners would be crossing the finish line and it was right there on boylston street in the back bay of boston. i want to welcome bill daly, who used to be with the fbi, is that correct. yes, sir. adam: what role did you do with them.

>> worked on forensic crime scene photography and in new york. adam: we stopped short of calling this a terrorist attack. we don't know if this is domestic attack or something from without. what is the protocol once the scene is secure? where do they go from here to try to put this together as to who is responsible. >> well obviously the forensic evidence they collect at the scene is very important. why as difficult as it is as they try to treat people at the scene, get them to hospitals they're trying to collect information and trying to secure the area because where the bombs, where these explosions took place is very important to gather what forensics may be left behind and those devices apparently have gone unexploded that people are investigating. liz: bill are we dancing around the truth here, this looks very much like a terrorist attack to you? >> well it certainly has the sounds of it. i mean we have several devices that went off in close probs independent with each other both in time and space. we have now other devices which the police have said were suspect out there that they have been investigating.

so there is that heightened level of concern. we had situations in this country unfortunately where we had similar 6 type events. centennial park bombing with eric rudolph. liz: oklahoma city. >> there was arrest with devices found outside after pa rate route in the state of washington for martin luther king day. they found that individual. in fact he was arrested about 12 months ago from this very day. liz: charlie gasparino was reporting that he heard from police sources in new york that the bombs were possibly packed with ball bearings? what does that sound like to you? is that standard classic bomb-making? is that something in the same profile of a certain type of terrorist? >> well, you know unfortunately we've seen people put all types of items inside of explosive device. >> nails, glass. >> nails, glass. when i was with the fbi

investigated a bombing here. small propane tanks that had a lot of shrapnel that could be thrown out to further hurt individuals. if that is true, at this point touring the investigation, in early hours of a the incident, you don't know exactly what's being reported, if that is accurate. but it wouldn't be surprising if someone was going to concoct a device to kill people and hurt people severely, they would put something into the device which further spread out and hurt those people. adam: you have what we're seeing in the video. you have the first plume of smoke, 10 seconds later 100 yards down the street you have a second explosion, it sure looks like this was a calculated, intended event. if that is the case there will be undoubtedly security cameras in the area. there is the hotel right there. would not the fbi right now or whoever whom is going to lead the investigation securing digital recordings or tape recordings from roughly 2:30, 24 hours earlier to see if people are

spotted placing devices? >> you're exactly right. we seen it happen in other cases where they gather as much information they can from bank cameras and building cameras outside the building. tell you the truth, news coverage of the marathon all those things come into plays a they start to look to see who may have been putting a device or who was in the area. it helps them understand a bit more of the timing the timing may play whether or not there was a actual time are on the device or whether they were controlled remotely by some type of wireless system or even a cell phone like we've improvised explosive devices controlled. adam: is there a protocol that fbi and homeland security follow in preparations for potential attacks in cities and outside the united states people in boston are moving in case they might be looking for suspects they need to stop from getting away? >> as far as as suspects we don't know what they may

know, if they have individuals or groups of people who they are concerned about, they may want to put surveillance on them to see where they're going and preclude them from leaving the country if that is the case. it is very early now as we try to unfold this to say whether or not they may or may not have any defind group of suspects. i would probably suggest what they're doing, put security measures in place around the country to look for similar devices. liz: the house of representatives as we speak, are entailing, are involving right now in a moment of silence. at the house of representatives. as we work on getting that picture. there it is. let's listen in to the moment of silence. >> waste, fraud and abuse in federal programs and in recommending ways to make government work better. because of his vital role --. liz: they're not quite there yet. adam: go back to bill daly because he has expert tease with the fbi. i called frederick layton a

source with us at fox business, was at nsa for several years involved in training people. he was telling me there is caution these days before you start pointing fingers. you could call this terrorist attack because it could be domestic or outside but it could be all kinds of things. i imagine from the fbi standpoint that has to be very difficult when you have to consider all possibilities? some people say you should zero in on what you suspect. how do you whittle down from the myriad possibles into what's actually transpired here? >> well it is up with of those things they have to keep a very clear view. you don't want to get myopic and look to investigate it this way because you start eliminating other things from youred field of vision. what they have to do is take a step back. whether or not there was any type of a accidental cause for these on through to, you know, who might behind them and gather up that forensic information. i always say that, you knows these devices if they're found in whole or at least in controlled explosion on

them luke police are suggesting they may be doing with some other devices they can be a treasure trove of information because it gives them the ability to understand how they were put together, some trade of the kra and even forensics behind it. liz: there were multiple, multiple witnesses when these bombs went off. there were area was jam-packed watching the marathon at the boylston and exeter streets. you had 26,000 runners crossing that finish line. aaron gill is a boston resident who was on the corner. she joins us on the phone. erin, first explain what you saw and what you heard. >> i was walking down to newberry street, working at 181 due barry. we heard it. we didn't think anything of it. we thought it was or niced thing. then we just slowly started to see waves of people running, panicking, a lot of like chaos. then we realized very

quickly something was wrong. people were grabbing their children. people were crying. people were running into stores it was an awful scene all around. liz: what as your first thought? did you see any victims. >> yes. after the initial chaos, we saw people carrying other people through the streets then trying to get them into buildings and ambulances. people, ambulance being escorted through the roadblocks and just, you know, no one really knew what was happening a lot of questions people were asking each other, what was going on. we weren't real sure. adam: erin, i understand did you by any chance, i realize there was a chaotic scene, did you see any law enforcement officers guarding somebody or keeping someone segregated from the general population at any point? >> no, i didn't see that actually at all. liz: you know, at a time you talk about a lot of chaos, give us a sense. i know newberry street is block away. it runs parallel to boylston street. which part of newberry were you on? were you near exiter where

the finish line really is. >> i walked through the public garden walking down to my way of work at 4:00 i was coming other direction. liz: you were north of there. as you walked it was even that far away? by the way, folks, the streets that run perpendicular to newberry street are a, b, c, d right. >> right there. liz: there is berkeley and comm avenue and you look at those others. you were way up at the top. exeter is the e street. if it was that far, that is pretty disconcerting is it not. >> right i was around claire done street. liz: clary done, yeah. >> when you talk about people that got out of the that situation, are they talking anybody from law enforcement, realizing the most important thing is dealing with those who have been injured but were they starting the investigation? have you been contacted by anybody or people you were with contacted by police or fbi. just, to be debriefed as what you may have seen,

perhaps even unaware you might have seen something of importance for them. >> i don't think so. i did walk. i walked through the finish line last night around 1:00 in the morning leaving work. nothing was very suspect with me at all. liz: you know what? that is an interesting point. did you see police protecting the finish line? >> no. i actually saw, there was a couple of kids and children riding bikes with their family at night but it just looked, it looking harmless, friendly, innocent to me. liz: look like highly protected area at that point which may or may not have been the opportunity for the bomber to have placed bombs. adam: erin, stay with us. i want to bring bill daly back in. i thought since 9/11 a matter of protocal from cities across the country you remove the garbage cans or parade or anything in which a device could be hidden. isn't that what we do or is that not accurate? >> it is done on a selective basis. i've seen it done here in

new york city before major events. no the to say it is protocol across the board. one thing i will respond in to the caller's information is that sometimes that last screening takes place before the event. even though they may be setting up 24 hours before, 12 hours before, usually what happens is that they close in the security if it is a secured area. adam: barricades you can see to hold people back. sometimes they come through with the sniffing dogs, do they not? >> he have beforehand. if it is area closed to scrutiny they would probably do that. if we're in public spaces, this is free country. a lot of free movement. the way we do like it. unfortly -- unfortunately it open up to people who want to prey on the freedom and move through the crowd and leave things on the side whether in a trashcan, in a duffle bag, in backpack look very unnoticeable to people passing by. liz: five minutes before 3:00 p.m. eastern, we got word there were explosions at the boston marathon

finish line. at that point traders who were on the floors of both the new york stock exchange, and the chicago merc up immediately started reacting. even though they had the same information as the rest of us, the market gapped down on just bp every level. scotch chel lady, a trader at the -- shellady, a trader at cme, a very good friend of the fox business network when all this happened. scott you were there, what was it like when you were on the cme floor and you heard the news? >> we were pretty involved in the market. we saw a break i don't know how much x-percent. the s&p index was down 20. when the news came out it immediately shot down to 30. that's when we all wondered what was happening. the news came across. so in times like this you will see, equity markets do what they did. we kind of rallied back. still people were very uneasy about taking those positions home. plus we have come from some pretty heavy highs too. so we have kind of a perfect storm. at the same time we saw a

lot of money run to the bonds. we saw the bond market yields falling with a panicked trade toward the end of the day. liz: not surprising when you see this explosion, and i believe that was the second one, adam? hard to tell. adam: what when the second see the flame from the ignition of the device. it is further down the street and it is far off when we show that video. liz: still see the smoke. adam: that is the first explosion. liz: then you will see the second one. adam: there it is. liz: so the far left conner, you see that second explosion, there you go with the smoke to the right of the first explosion. and you, runners didn't quite understand what was happening. you see all the run, continuing to run. then you had the police come in trying to clear the area, almost up immediately. just so you know it, at the finish line there are bleachers lining the sides but they keep the sidewalks open because there are many businesses along the boylston street route.

adam: scott, a lot of people who work at cme and a lot of traders who work across the country will watch after-market trading. what is it in particular they will be looking for? >> he will well, you know, where did this come from? who is responsible. how big could it be. those types of things will rile a trader. a trader likes to think we have information on all the trades and we think we have an edge that way. when these things happen everybody knows nothing and that really riles the markets. you will probably see if we don't have any clear answer what was going on today, you will see the markets, also trade lower again. you have to remember, we're coming from pretty high markets anyway. that is kind of a double-whammy. high markets are ready. there will be people taking money off the i believe table here. when when he don't know we go to cash. liz: scott last check, i saw

40% to the upside. 43.2%. was the final jump again, we need to see the asian markets react. you saw the fear trade jumping into treasuries which jumped in price and fell in yield. pretty precipitously. >> now a xbox contributor, and we will be going to the former senator. he joins us live now. on behalf of all of us at fox business, i know this must be a very difficult day for all of you from massachusetts and from the boston area. we appreciate you being here. have you been briefed by anyone about what is going on? realize you're in denver, but i no you're in touch with people. >> i am in denver, but certainly immediately was contacted by a lot oo my friends actually running. i did speak to the end of the vice-president of boston city council, doing my diligence. obviously a very special significance because it is patriot state which obviously

does with the boston marathon. really overwhelming. and i know that the race director, and note the methodical way that he and the boston police and boston fire prepare for this particular date and obviously something slip through the cracks and we have to do a top to bottom review. right now the first order of business is to make sure we put our minds together on our hearts and prayers for those who died and obviously are hurt, identify any other devices as they are doing in dismantling. drive on. liz: scott, you look at what is happening. waiting on the mayor. reared from duval patrick. this time around, not to be at the marathon, but has been pressing -- rushing to get all the information that is needed. he will be getting in front of a microphone. at this point boston police, boston bomb squad, state police,

everybody is there. these guys of the finest. and it makes you wonder. there were no warnings, according to ed davis, the police commissioner. are you hearing anything from law-enforcement? >> listen, i know ed davis. he is second to none. really the right man for the job, and i'm sure they're doing their due diligence. the fbi and other law-enforcement disease will be involved. we will take a few days, maybe longer to unwind this tragedy. i heard that there was a device over the bridge which obviously connects hotels. obviously one found under the bandstand. and that's gone off, that would have been very, very tragic, equally as tragic, if not more. right now the job of law enforcement is to identify a lot of those packages, backpacks, except for. check them out. everyone is a device at this point. >> when you were serving in the senate, previous years when the marathon was run can you share with us, if law enforcement ever shared privately with people

like you to whether there had been threats against the marathon and whether those were credible and whether -- what might have happened. >> well, knowing the race director very well, i am doing -- the obvious to supports. knowing a lot of law enforcement people that run it and being a member of homeland, you understand that there are always threats. whether they're credible or not is to be determined. according to commissioner davis, and we will find out more, there was no idea. we will have to go back to the drawing board. what makes our country and our city the best in the world is that we are americans first. when things like this happen we -- when our backs are against the walls we stand tall. become tougher and more united. liz: it will not surprise you, senator, to hear that we are getting multiple reports of marathon runners. as they crossed the finish line and heard about the explosions,

they kept running the mass general to donate blood because they knew, they saw how many victims have been affected by this. they saw it firsthand. that is what we were hearing. some runners just kept running straight north to mass general up near boatswain's place. they went straight to donate blood. amazing. >> that just -- it's tearing me up. that is the type of people that not only marathon runners are, to go 26.2 miles, but obviously a seeing horrific scene unfold. want to thank them. if anyone listening has heard anything, knows anything, as in the video or saw something that distance now right, the need to let the commissioner and the mayor's office know right away. >> fox news has confirmed a person of interest is in custody that is confirmed.

you are friends with different officials. have you heard whether they have had a chance to question this person? >> i have no information. sorry interrupt. no information on that. i am sure that there will continue to look and you will know more. liz: we have bill daley, a former fbi investigator standing right here with us. when you hear that there may be a person of interest and we are hearing that this person has burns on his body and is actually under guard at one of the boston hospitals, how these possibly like that? what are you looking for when there is mass chaos and confusion? >> when is a personal interest, it is someone who just generally has some questions about their behavior, where their work, why they're injured in a certain way, what they were found with. does not mean that this is a suspect. we have been very careful about this for a number of years not to call someone a suspect which later turns out it is not. how he said that, probably

suggest that the person either could not explain why there were there because there were found with something that seemed to be suspicious, maybe others said they saw this person either putting something down or pressing a button are doing something that would draw attention to them, and that is why the police have got to take this person as a person of interest. >> let's go back 12 hours before the race. what would the police and authorities actually be doing before the start of the race? with abc curing the finish line? >> a couple of things. first off, every major city, boston as well as other small cities have joint terrorism task force where they bring together federal and local, state officials to be able to share permission. that information sometimes is going through the background noise and chatter to see if there is any information coming out there from the sources they have. any persons who have been of interest and may have movements that is under question.

the joint terrorism task force would have been looking at this race from the standpoint of trying to come up with any reason to be concerned. from a physical standpoint and securing the root of all 26 miles plus of it can't be fully screened. what we're looking at is the key places where a large crowd gathers. there will be some streets in areas where they cannot screen as fully as they would buy a grandstand or by the press. >> whenever we have a national event like this, are you saying these joint commission task force on terrorism always me prior? >> the meat on a regular basis. actually on an everyday basis working closely together. this is not something that is convened around a big event. much larger events in a country where homeland security is deemed to be a national event led the super bowl and some other types of large sporting and similar events, they will bring in federal law enforcement to support local law enforcement and watering of security around that event. liz: a ring of steel.

nypd is descending upon our city. thank you for your expertise. this is now a national story. washington d.c. and presidential story. peter barnes is right there at the whups -- white house. >> reporter: just looking at pictures that the white house has posted on its flicker account of the president meeting with his national security team and aids in the white house. the oval office this afternoon shortly after he was informed of this incident in boston. i'm sure our team is already sending them up to you. the president got a briefing from his someone security adviser. according to a white house official. other senior white house staff in the oval office. he is still in the west wing. we know that because there is always a marine guard posted at the door of the west wing when the president is in the west wing. he is still there. this afternoon shortly after he was briefed he did call boston

mayor tom menino as well as massachusetts governor. according to the aid they expressed his concerns for those injured and to make clear that his administration is ready to provide needed support as they respond to the incident. in the press conference with police commissioner he said that he had spoken to fbi director robert mueller as well as the head of the boston field office of the fbi. officials from the bureau and alcohol, tobacco, and firearms and the boston area. here at the white house the secret service is on heightened alert. the tourists have been cleared from the plaza, pennsylvania avenue plaza in front of the north lawn. they are now -- there is yellow tape all the way around the perimeter of the plaza. taurus are forced over into lafayette square. there are no secret service cruisers parked at here. we do not get a sense that there is any imminent danger. i just want to make that clear. obviously many cities including

washington d.c. are on heightened alert as a result of the bombings. and the boston d.c. police have confirmed that, that they are on heightened alert. they have sent extra patrols and to the sub system. we are continuing to post updates. liz: interrupt the 68 anything more from the president. in the meantime this event, this tragedy is affecting the psychology of everyone in the boston area and here in the united states, but also a boston business. how are they thinking, reacting? this ceo and chairman of boston properties. also -- what is your title for u.s. news and world report? >> editor in chief. liz: okay. i had that right. when you see something like this

to not only as a bostonian, but also as a businessman what custer your heart and mind? >> i can't think of it except in human terms. number one, boston is in the name of our company. a great feel for the city. when you have a wonderful joy estate, interrupted by this kind of absolute terrible, terrible deed, what kind of sick mind does it take to do this? it just leaves are heartbroken that we have to address these3 kinds of issues, but this is the kind of oral we live in apparently today. to everybody's great sadness it is just one of those terrible days that should have been a wonderful they. always celebrated by the greater boston community. it makes me very sad and actually very angry. >> the mayor issued a statement in which she offered the thoughts and prayers of people here in new york. have you had any chance to speak with people, like not only the mayor, but also very well respected businessmen in this

country commenced about how the country then goes back to business in the next few days? >> well, we are going to have t3 adjust to this thing and look very carefully at the kind of security measures at that we bring around an event like this. in a way i am almost surprised that we did not have particularly, the finish line of the boston marathon, that this wasn't teeseven everyone knows there will be a lot of crowds. i'm just surprised that this was a detected before. who knows what the evidence will show. liz: we are surprised. we had a boston resident, and she was speaking to us on the phone. she lives of more by berkeley street and newbury street. she said that she had passed the area at 1:00 a.m. this morning for whatever reason and said there was no security guarding the finish line. a couple of kids running around, just people getting excited about it. she did not seem major security. now, our fbi expert was saying,

they may do a final sweep much closer to the event, but who is to say that it would have been found or when it was planted? i am with you on that. it's a little surprising the area might not have been guarded >> it is a little surprising. i'm sure it will always be guarded in the future, but it does not save the day or the lives of the people or the injuries of the people who suffered. it's just really a tragedy for them and particularly for those people who have lost their loved ones and all of this. and it just takes such a wonderful day and gives it such a pall of sadness and just frustration and, frankly, in my case at least, anchor. so furious the people would do this to a wonderful city like boston. liz: and the jfk library. dorchester, also endured an explosion at around 4:30 p.m. eastern time. so i get hour-and-a-half after that event. we have a map on the screen where the explosions all appeared to have occurred or at

least nearby. you know, give us a sense of what is around that area? >> well, i mean, you know, it is a major center. mostly a residential area. what upsets me is that, you know, they're going after the great icons of what boston is about. jfk, after all, was a native bostonian. one of the great signs of that community. as for the rest of his family. so this is just a terrible thing. i don't know what drives people to do this kind of thing. >> at think we all have that question. just curious, when you heard that this had happened, what were you doing? what was your initial thought? >> i was sitting in my office in new york. amy lee called my colleagues in boston to make sure that there were all right and everything was, you know, at least everybody there was -- had heard of the explosions. the public did not know what the deaths of a number of people who were severely injured work. those numbers came later.

equally -- but everybody in my office is just shaken by this whole thing. you know, it just takes something that was so wonderful and turns it into something that is just an unnecessary tragedy. liz: you are absolutely right. 26,600 runners. that alone is a huge number of people passing through that area, but then to think of the 5-10000, perhaps that many spectators who clawed that area just to see this event all along the route. that is what is just so unbelievably stunning, but 116 years and nothing like this ever happened at the marathon, but in the 117th year, you see that whoever did this is somebody wanted to go for the maximal fact of what is an iconic event in boston history. >> it sure is. and it will not extinguish the enthusiasm alternately that boston will regain for this

event. it is just one of those very, very sad days. it really makes you wonder what kind of society and civilization that we live in that this is sort of taking something that is acceptable on any level. liz: but as a businessman, redoubling downtown boston? this is just trying to make your resolve even stronger to support this city as a businessman hiring, growing your business? there is some concern that businesses around the nation might be concerned and say, i'm not investing because of these air and events? >> it will not stop us on any level. all i can say is that we're going to support whatever it takes in the city of boston to find out who did this, and we are obviously going to have to take different kinds of precautions now on every level of the society, including the private sector was among the public spaces, the private sector has. liz: will you up your security? >> of course we will. this is just such a shock and such a punch in the gatt. we are all going to do that.

>> i'm curious to my live in new york. we constantly are reminded to be essentially on guard, if you see something say something. and it -- des not have that kind of protocol, whether they call it the tea in boston or the public transit? is there not the same kind of level of be aware? >> i doubt if there is in almost any city in the united states, something equivalent to what we have in new york. but i can guarantee there is going to be a dramatic increase in the levels of security at all levels of the boston community within a matter of hours and not a matter of days because this is something that if somebody has in any way the desire to replicate this to my hope they're going to get caught run away. the lesson should be shown. liz: indeed. >> you might be interested in this. getting this from jeff flock in washington. the faa place a temporary file restriction of the parts of boston at the request of law enforcement.

they have also reduced the radius to just 2 miles now. there is a ground stop in place briefly to change from my configurations at logan airport, but that has been lifted at this point so that people comply and out of london. >> the interesting thing, and we're not going to find out about this immediately. i hope that the police have some levels of intelligence working for them, they have been able to find out some information and are trying to track down who did this. i'm sure they're going to get the cooperation not only of the state police, but the federal police and the anti-terrorism efforts that the federal government can mobilize for this event. and i sure hope that they are on top of it, and i'm sure there will be because this is going to be scrutinized to the nth degree as to how happened and then what we did afterwards to prevented from happening ever again. liz: boston properties and editor in chief of u.s. news and world report.

we so appreciate you giving as your thoughts and your perspective on this as a boston businessman and supporter. thank you so much. >> thank you. liz: we turn now to melissa francis. the reaction in the markets was a little tough to see initially because we were struggling any way be to a massive drop in gold melissa: right. absolutely. just along the point you were talking to mark zuckerman a couple of seconds ago about does business retrenched, i just want to say, i talked to the chairman and ceo of chase, very calm. just very column. did not want to make himself the story, as tends to be the case, but that is one perspective echoing. charlie gasparino was talking earlier about maybe this is the time when business will retrench, but we don't need. from what people are reporting so far it seems like they're standing tough. liz: and this will just saying the same thing down in boston. >> absolutely. the huge story of the day before this happened. huge sell-off, down 9 percent

today to be down 5% on friday. you would think that that would be the flight to safety, when something like this happens. the first thing that you see is a bounceback in gold. i talked to a number of traders said they are not getting in in spite of what is happening. at the breakdown in gold is real, that they saw it tested with what went on in north korea, also with cyprus. the you did not see a move up in gold. so they don't expect to have it with this, which releases a lot about the breakdown. >> to treasurys. melissa: but not cold. liz: an ounce of gold or a numismatic coin is not going to help you when they're is a terrorist attack. it is just psychologically not working this time. melissa: this time, but in general it does. it does say something about the breakdown of we saw and what you expect tomorrow when we get back to business divvied you may not see a bounce back in gold you would otherwise expect. oil on the other hand, another commodity we saw a breakdown

hard. not buying that either saying that it is volume at the end of the date to may increasing and it was all to the downside. another commodity. that breakdown, that team that was going through the markets today before all this happened should continue in spite of everything that has happened to. liz: the volatility index spiked rather dramatically in the session up 43%. we have not seen a move like that since at least the beginning of march. melissa: absolutely. you wonder about the breakdown in stocks. does this continue? certainly not good business and economic news, but for that there was less -- traders are less adamant. billy this breakdown in gold. they're saying no. >> still with us. just the recap some of the things to my three devices, to be admitted, one -- to along the pass in the other at the jfk library. under the belief that therr are two other devices that have been

dismantled. a person of interest is being guarded by authorities in boston. what does that mean? is that personal suspect? >> and police have been very careful to call this person just a person of interest. years ago, the bombing when the name the individual as a suspect and he turned out not to be. certainly protect someone's innocence as far as you can until they actually become a suspect. this point personal interest me somebody who was in the location they apparently are saying that the person had burns on them. maybe can't explain what they were doing comedy and something within the was suspicious. a lot of reasons to consider someone a person of interest. further investigation and questioning to see whether not this person has something to add to what has happened, whether they have any personal responsibility for it or whether they just happen to be wrong place wrong time and this can answer the questions that will be asked. liz: five mess before when they saw the news and heard the news.

sandra smith was on the floor of the chicago mercantile exchange. right there in the thick of it. >> reporter: the commodities market, the big story about mass liquidation, money coming out of things like royal, gold, also the stock market today. that was already occurring. in this event occurred and we saw the selling exacerbate. we saw most of those sell-offs in these various asset prices finished at their lows of the sessions, the stock market finishing at loews, the dow down 265 points, s&p 500 down 36 plus points. the new look at gold. gold prices down hundred and $49. watching gold prices. after the trading session

closed, we saw selling exacerbate in their globex electronic trading sessions. so right now we are in that 45 minute window where stock-index futures as well as gold futures, oil futures are in that small break that they take in the 24 hour cycle. right now traders are saying they were heading home to turn on their computers and watch these things as they open because when you see things closed at lows of the session, as they did following this event, oftentimes were selling liquor. down $150. crude oil by the way in the electronic trading session before it closed for a small window fell even further, down $4 on the session. now looking at $88.20 for a barrel of crude oil. money was just coming out of the stock market. traders as they were leaving the floor were flabbergasted. one of those on certain events where they have to reassess their trading position. investors have to reassess their portfolios. they're calling their brokers

saying, what do i do? it did cause a massive panic, would say, on the trading floor as well as off the trading floor to be cured a lot of that as well. bernanke have to sit on the speculation that this is a terrorist attack. we have to take that seriously with all the positions. the selling looks like it may continues. a lot of those markets reopened in the electronic session 20 minutes from now. one thing i want to point out to will be always look at the ethier index for a gauge of fear heading into this, we talked about it earlier. these markets could be considered vulnerable. they have been hitting record after record in the stock market. this year gates has been very low showing that investors have been very complacent. inspect over 30%, 36 percent spike, especially following this event in boston. so fear has returned to the marketplace. liz: we are now seeing ambulance shots of victims being brought into at least one area hospital. it could be mass general, beth

israel, all about that area. thank you very much. you really need to keep in mind a couple of things. we don't know the half of it. we can see these pictures, and we can pretty much tell these were bombs. at the moment we don't know much more than an excepted to people have lost their lives. multiple others have been wounded so badly have had to have limbs amputated. this is going to affect the psychology of the markets, your money. it could be very well short term >> i think a lot of people -- those of us are not in boston, it will be much shorter than people who have to live through this tragedy. joining us from the floor of the new york stock exchange. tune of jason because he's been on fox business several times. also to also a triathlete. one testy some questions about how traders get back to business. first a want to ask you, when you first heard what happened, what were you doing and what were your immediate boss? >> i was watching.

the tape was rebounding at the time before the news broke. coming off the road. i was watching the tape hoping it would rebound higher. you know, we reversed action as soon as the news broke. in fact and we rallied off of the news when it was thought that it might be in infrastructure problem, possibly a pipe burst in, a ghastly, a gas explosion. then when it proved to be the bomb if we sold ride off and precipitously at that point. liz: i see you're wearing your iron man jacket in support of the people who, of course to run the marathon. these routes are lined with people. have you ever run the boston? >> i have never run boston. liz: you have to qualify. impossible to get in. 26,600 plus people and then. then you see people who were on the route watching to support. these are the latest pictures and, in fact, rather new. you can see very close-up how

wounded people were. it gives you the sense of the overhead picture of where the two balls when. then, of course, there was the third at the jfk library which is in dorchester, a suburb of boston. jason, you know, it has to be heartbreaking. >> it is very heartbreaking. well, you know, near term my heart goes out to everyone involved with the marathon, the spectators, people were in the wrong place of the wrong time, but everyone involved that they had to live through this. i mean, you can't go to an event like this, purely innocent an international event, not a u.s. event, although it is held here. participants are from all over the world. no one is safe anywhere. is just a reminder of how diligent we all have to be. at any moment something can happen. >> i want to take our attention

from the immediate tragedy and get a bit away from that and just how well asian markets react to this? this is certainly going to be a factor? >> i would think so. i think we will see a continued sell-off, probably at the rate that we saw here at the end of the day. certainly the u.s. equity market. however, i do think that as we hear more news, as investigators uncover things i think that collar heads will prevail and also although it is a very tragic thing, i think the markets will be able to absorb this. i think when the tensions that are occurring right now in north korea, probably on a geographic level improbably has a much more negative impact on the asian markets and this particular incident. i don't mean to downplay this at all, but as far as the asian financial markets, it's a much scary prospect and a much bigger form of terrorism locally for

them and their geographic market that is to what is happening here. that said, i think we will see some follow-through here as well liz: and we do have this news now. president obama will address the nation about the boston marathon explosions at 6:00 p.m. eastern time. it fox business, we are live all the way through this. at the white house, looking at the spec -- picture you spoke of earlier. speaking. what more can you tell us? >> the president will be speaking in about 25 minutes according to a white house at 6:10 p.m. you will be delivering a statement from the press briefing room, from the podium in a press briefing room on the situation in boston. >> are you getting any indication from the people at the white house that the president will take questions or have any information to share with us or will he just be expressing his solidarity with the people in boston?

>> we expect that he will give us the latest information that he has from his national security team on what has happened in boston. he has been briefed by his homeland security adviser, lee; earlier today. he was also briefed by homeland security secretary. according to a white house official as well as fbi director robert more. and so we expect that he will give us probably the latest that he has. clunclea you will take questions. right now they're saying it would just be a statement. liz: you can deny this is affecting cities all around the nation. charlie gasparino reported that sources are saying that the police commissioner is now descending of the city of new york what is called the ring of steel which is just an immediate heightened, the state of alert. we're also hearing that all the way into loss angeles, california, lapd will have heightened presence.

no intel in los angeles of any kind of threat from the they're monitoring the events in boston and patrol officers are on heightened alert in los angeles. you can bet that the same is really reflected in major cities across the united states. >> peter, don't go anywhere. we still have jason weisberg at the new york stock exchange? abcaeight. i was curious. i am sure the new york stock exchange in its only tomorrow, that traders there will have a right security. i do understand that we no longer have jason. some four most likely pay tribute to the people of boston is they're still going through this horrible minors. liz: and speaking of boston, if you don't know, he is a billionaire boston businessman. he represents that city, boston properties is a huge real-estate conglomerate, but also he is a journalist and editor in chief of u.s. news and world report. this is a man who says i and doubling down on boston.

boston is in the name of our company. we will increase security and our boston offices. he said he would of course wave the boston flag even more dramatically. >> people who are bostonian some of the merrier, originally from boston, but going to our affiliate, channel 25 in boston the latest. >> typically you tend to get the people who are closer to the impact. you can get people who are fairly far away as well who will have either shrapnel or some other kinds hit them. generally any explosive injury like this how close your to the blast. >> how long? >> we have enough time to

prepare. very little time. also very well drilled. we have done city-wide drills for this kind of event. and so they're very well prepared. they scramble theirs. the victims were assessed and tree august. very quickly. >> can you just recap the injuries. >> we had 26 transported. critically injured patients. eight to ten more serious into a fairly serious injuries. about half man, half women ranging in age from teens to 62 with one pediatric three year-old patient we transported immediately. was in actually here at that moment. >> why? >> we did have some patients including one with significant burns.

>> upfront? >> i don't. actually i knew we were locked down because they typically do that, even in drills, but i have not taken care of the patients. >> the suspect the man is that correct? >> i don't know anything about that either. >> twenty paces. >> blast injuries. there ear drums are damaged. we have patients to have fractures, sustained and lots of different ways like car accident of things like that. because all the way through to patients with really substantial in injuries and some patients with torso injuries and burns that are really significant. >> live on channel 25. if you ever see anything like this? >> have never seen anything like this anywhere before. we practice emergency medicine and surgery and the hospital as a whole, we have practiced.

we have never seen anything like this. >> getting a handle on it right now. >> we are completely on top of it here now. we never really felt like we were on top of it. unfortunately the even a few minutes to prepare. a well drilled team. a lot of people here who. providing individual care. of the patients who arrived. >> i couldn't even count. 4550. >> thank. liz: right there, we heard some officials. tell you, it is traffic, but we have to share with you because i think when you hear the types of injuries, you realize the severity of the situation.

blast-type injuries, severe burns on all of these people. it depends on -- liz: again, you're hearing live coverage of our affiliate, the fox station in boston. brigham and women's is one of many area hospitals including thompson medical center, mass general. now we have beth israel involved as well. they are getting all types of casualty numbers. >> let's bring you up to speed on what is about to take place. at 6:00 neil cavuto will continue our coverage. at 16::0 p.m. president obama will speak to reporters and address the nation about what has happened. when you go backward to the beginning of this it was at 2:50 p.m. this afternoon east coast time, the first device, the first explosion took place. ten seconds later a second device detonated. liz: we understand to people are dead. the city of boston is in total mayhem and chaos, but, at the

moment. governor duval patrick just recently made a statement. let's hear what he has to say. >> everybody, the horrific attack here in boston this afternoon. commissioner davis is going to give some details about what we know so far. mindful of we do not have the whole picture yet, but we have gotten a good deal of affirmation. commissioner davis will take all of us through the information that we have and then i will come back and talk about some of the things and ways in which we're going to ask people to help us help you this afternoon so that we can turn it over now to ed davis, commissioner of police here in boston. >> thank you, governor. at 2:50 p.m. today there were

simultaneous explosions that occurred along their route of the boston marathon near the finish line. these explosions occurred 50- 50-100 yards apart. and each scene resulted in multiple casualties. at this point in time all of the victims have been removed from the scene. we have sent officers to hospitals to be in touch with family members and possible witnesses. we immediately activated a system of response that the commonwealth of massachusetts and federal government has in place for these types of incidents. my first two calls were to the special agent in charge of the fbi and the kernel of the state police , immediately sending resources. we have at this point in time determined that there has been a

third incident that has occurred . there was an explosion that occurred at the jfk library. so this is very much an ongoing event this point and time. we are not certain that these incidents are related, we are treating them as if they are. we are recommending to people that they stay home. if they are in hotels in the area, that their return to their rooms and that they don't go anyplace and country in large crowds. you want to make sure we completely stabilized situation. we are setting up to a telephone numbers that are very important. the first one is for families or victims, people who are trying to locate people. that number is 617-635-4500. that is the nearest foul line. the second number, if anyone saw anything at this incident, if anybody knows of any information that can lead to the arrest and prosecution of the individuals responsible for this, they should call us at 1-800-494-tips

. that's 1-800-494-tips. liz: and now we're going to switch over to boston mayor making a statement right now. >> that's your camera right there. liz: and now he is not. let me go back to the police commissioner and some of his comments as well. we can hear on the very latest of what has been happening. >> people who are trying tough bind runners and family members who did not meet at the usual media space because the race was cut short, there will be in a position to announce that very shortly. but i really am grateful that all of the federal, state, and local law enforcement officials are coordinating so closely and so well. they are talking constantly.

they are all in investigation of right now. a very serious time. we do need people to stay out of the area of the explosion for the time being. [inaudible question] >> at like to clarify one statement. the device at the jfk library was actually an incendiary device or fire. we have in mind that directly to this incident. right now this is two explosions that occurred on boylston street the information begun about 15 minutes before the prior press conference could be premature. we are still asking people to be called, to get to their homes and to a work closely with us. they have the information, we need to your about it. 1-800-494-tips. as the governor said, the area, about 15 blocks around the blast site will be closed down for the next 24 hours and may be further people should be aware that when

they make plans for tomorrow. [inaudible question] >> we are looking at all of that right now. that is one of the investigative steps. [inaudible question] >> as i said earlier, there was no specific intelligence. recently increased our posture around the big event like this. all of those things happen in preparation for the event. no specific intelligence that anything was going to happen. [inaudible question] >> at this point in time it is too early to get into the specifics. these were powerful devices that resulted in serious injuries. >> shrapnel? >> again, to relieve itself. >> a suspect? >> those reports are not true. there is no suspect in custody. we're questioning many people, but in this -- >> casualties? >> again, still compiling