indications there. >> what is law enforcement from this day forward going to do to stop someone who is mentally disturbed from murdering people? are they going to act before somebody is actually dead? >> they've been exhibiting this behavior for their entire life. >> their entire life. >> thank you very much for joining me. "varney & company" begins right now. stuart over to you. stuart: thank you very much, indeed. good morning, everyone. it will be a difficult day. a troubled teen shot and killed 17 people at a florida high school. 19-year-old nicolas cruz had been expelled from that school last year. he returned yesterday and started shooting. it is the 25th time since 1999 that youngsters have been shot and killed in our schools. 98 dead. this morning, there is that dreadful sense of shock. oh, no, it's happened again. this young man, there were so many warning signs. disturbing posts on social media. discipline problems. walked away from a mental

health treatment center, and he was obsessed with guns. this morning, nicolas cruz sits that jail cell. how could someone do something like this? and how could someone like this clearly disturbed on the police radar, why wasn't he stopped? he had legally obtained a gun. whatever reiterant the law imposes on gun ownership by mentally disturbed people, in this case, did not work. president trump will address the nation two hours from now. 11:00 eastern. >> good thing the door is locked. the shooter shot a couple of people next to me. i was sitting behind a cabinet and it got a girl next to me. >> he went up and down the hallway just banging. he shot through my door and broke the window. >> i was in a classroom and all i heard were the gunshots. the police cleared us to go

outside, and i see dead people on the floor. >> all you can think of is, oh, my god my family, my friends. you never think it would happen to you, but it does. >> and we have seen this so many times before. 17 dead in that florida rampage of shooting at the high school. the community where it happened clearly in shock this morning. president trump has just tweeted about the suspect. here it is. so many signs that the florida shooter was mentally disturbed. even expelled from school for bad and erratic behavior. neighbors and classmates knew he was a big problem. must always report instances to authorities again and again. ash, liz, difficult day. whatever restraints the law imposes on mentally-disturbed people getting a gun in this case did not work. ashley: no. am i mean, he walked away from mental health counseling.

i know there's this privacy between therapist and patient. but at what point do you have to warn someone that this person could very well be a ticking time bomb? every sign about this individual pointed to something very likely like this could happen at any time. stuart: i think the president's getting at that this morning in that tweet. if you see something, say something. i know that's applied to the -- ashley: well, the kid said if anybody was going to shoot up the school, it would be him. stuart: you have to tell people again and again. warn them again and again. who's going to take the authority and say this man is a danger and who's going to take his guns off him? liz: that's the biggest question of the hour right now. it's striking a survey in schools across the country. two third of schools conduct active shooter exercises and nearly all of them have a plan if the shooter comes into the school. that's two-thirds. so instead of fire drills, they're doing shooting drills. and that's a striking state of the situation in our schools

right now. stuart: it's come to this. ashley: yes. stuart: more on this later, of course. i want to get to the markets this morning. i have to tell you that the dow is clearly in rally mode again. look at it go. 223 points higher. that's the advanced indicator of how we open at 9:30 this morning. a big gain for the s&p. the nasdaq, same story. first, trust adviser chief economist brian west bury is with us now. i'm trying to figure out reasons why the market is up so much. and i'm thinking how about the president's suggestion of an extra 25-cent per gallon gas tax. i'm going to make it. how about you? >> i don't like tax increases, stuart. none of them. however, in this case, what's interesting to me is, hey, if you want more spending in a certain area, infrastructure, why don't you pay for it?

and i think if voters, consumers, citizens are faced with that stark reality, maybe they don't want as much spending. so that could be good in the long run. so i could argue that way. stuart: you'll give me that point, will you? >> yeah. stuart: you take my point. now, you tell me the principle reason for this 200-point rally 20 minutes from now. >> sure. i actually believe the market was sold off. it was not a fundamental selloff. it was an emotional correction. and all we're doing is heading back up. it was undervalued when it started the correction. it was more undervalued when finished the correction and now we're just headed higher. the economy is accelerating. tax cuts are working. it's all good news. stuart: you're out on a limb there. but how about this one? consumer inflation. produce the price of inflation

have both reached the 2% level. why has that not affected the market today? >> well, i think it has. we have higher interest rates; right? the thing that investors have to realize is that $10 worth of profits in five years, let's say. those are worth less today when interest rates are higher. when interest rates are lower, those profits are worth more. so when interest rates go up, it does affect the market. it affects the valuation of the market. however, when we run our models, the ten-year treasury has to get to 3.9%. today it's only 2.9. but it has to go all the way up to 3.9 to make the current value of the market fair. so we're still -- we still have very low interest rates relative to profits, and that's why this stock market can keep going higher. these interest rates, they're higher. but they're not market killers

yet. stuart: clearly so because we're going to open about 250 points and be above 25,000. >> thank you, stuart. stuart: i have news on immigration. a bipartisan senator says they've got a deal. 1.8million dreamers, they stay. some curbs on chain migration. the lottery stays. and here's the big one. $25billion for the wall, but it's spread over a decade. come on in, herb london. the president of the london policy research center. well, herb, i can see how president trump will not like this. >> he will not like it, i can assure you. it will not get any approval from the republicans. you cannot put in place a million plus new immigrants will get amnesty in the united states. that is not on the cards. keep in mind when daca was first introduced by president obama, it did not

include amnesty. all he talked about at the time was getting people a green card, the opportunity to work, which made sense. now we're talking about something very different. the democrats, obviously, want to push the president into a position. it is not going to be bought by the republicans. stuart: but some in the republican party, they're going to counter this. >> yes. stuart: by saying we want the $25 billion up front, and we're going to build that wall. we want to end. the positions are there, and it's not inconceivable that they can both move a little and get a deal. >> oh, i think it's quite likely. i think that there will be a deal. but i think it's not going to happen as a result of this bipartisan group. this proposal, i think is dead on rival. but there is no doubt that there's an awful lot they have in common. stuart: both sides want a

deal. >> that's correct. stuart: both sides gain politically by a deal. if the democrats can secure 1.8 million dreamers, and they stay, that's a plus for them. and if the president could build the wall, that's a plus for him. >> well, again, that plus on either side will be determined in 2018 in congressional elections. stuart: but you think we might get a deal -- >> i think we will. i think we will, yes. and i think there's an awful lot in common that would lead you to that conclusion. stuart: okay. i have to ask you one question about the shooting, and i will. it seems whatever restraints the law imposes on mentally-disturbed people from getting a gun, not working. your comment. >> i think what you have in the united states today is roughly three-quarters of the american people taking psychotraffi psychodrugs. it's built into the nature of the culture. if we're talking about the kind of entertainment the young people engage in, it is violent. if you listen to rap music, it

is violent. the violence is all around us. we in the united states tend to ignore these matters and look at one issue. guns. but it's not just guns. it is an environment where violence is promoted. and it strikes me that this is what has been overlooked in these discussions. stuart: we appreciate your input on this and thank you very much, sir. >> thank you. stuart: difficult day. back to your money and specifically cisco. would you look at this? the stock is up 7%. that's on news that cisco plans to repatriate tens of billions of dollars because of the new tax law. they'll pay a tax and bring the money back. amazon teaming up with bank of america. this is a very big story about lending. it seems to me, liz, that amazon is getting into the banking industry now. liz: yeah, they're taking on paypal, taking on square. it's better access to capital for merchants on its platform. anywhere from $1,000 to

$750,000 if you're a small business, you could borrow via this amazon bank of america program. the interest rates, though, is what's at issue. anywhere from 6% to 14%. that's pretty high. and we don't know how amazon makes money off of it. stuart: it's amazon into banking now. health care, grocery store chains. liz: this is a system that has been out there, but it has been ramping up. stuart: i'll bet. amazon ramps up. we've got the update the olympics. the ski aer took home another gold for team usa. the giant slalom, won. her second olympic gold. she won the gold four years ago. she will ski again friday to defend her slalom title. now, here's the medal count. germany 8 gold, norway second 6 gold. united states has five gold medals. back to the futures. what about this? a rally of 200 points at the

opening bell still in place, and we're only 18 minutes away from the open of trading. didn't take long for comedian chelsea handler to make the florida shooting political. she says republicans have blood on their hands. we'll deal with that in a moment

. stuart: individual stocks are definitely moving. would you look at that? trip adviser. the symbol is trip. they've made more money than expected, and they have a positive outlook for the rest of the year. those statements are golden. up goes the stock 14%. 46 bucks a share on trip adviser. now this. the so-called comedian chelsea handler taking a jab at the gop over the florida shooting. she tweeted this: we have to elect candidates that are not funded by the nra in november. we have an opportunity to elected candidates who won't allow kids to go to school and

get shot. it is disgusting how many times this has happened and republicans do nothing. you all have blood on your hands. from a utah congressman jason chaffetz is with us now. your response to that, please, jason. >> less than 24 hours after the death of 17 people -- it's pretty disgusting. she is generally void of my thought to politicize this in less than 24 hours. i wholeheartedly disagree with everything she said there, and it's disgusting. it's not productive. it doesn't solve the problem. it doesn't honor the victims. stuart: we are told that we should not politicize this event, and i absolutely agree with that. however, if you ask the question what are we going to do about this? how we are going to stop it in the future, that is a political question, and it has a political answer. i don't think we should be political like chelsea

handler. that was highly pejorative and frankly, disgusting. but politics are involved in this, are they not? >> well, i think there are lots of things we can do to actually solve this. one is the national instant criminal background check system that often referred to as knicks. there's a website called fix knicks. the shooting foundation is behind that. if you're not taking the elements. for instance, if you're not able to make -- mentally, you're disturbed, you can't make decisions, and you're not populating the background check system, then you're going to have people who get through the system. i have no idea if that's what happened in this particular case. but it does happen across the country. and the last -- one of the last mass shootings, the air force failed to populate the database and then somebody was able to purchase a gun. that's something we can productively do on both sides of the aisle. it should be fixed right away. it needs to be funded. and the states need to populate these data bases. and when you have somebody who's mentally disturbed,

ejected from school, how did we miss those? how come those things weren't matched together? who's dropping the ball in making these decisions? . stuart: we don't know whether his disturbed mental state was reported to authorities in control and in charge of gun distribution -- not gun distribution but gun licensing. i mean, should it? should therapists who determine that their clients are in any way dangerous to society, should their report automatically go to the criminal background check for people wanting to buy a gun? >> each of the states need to do this. but you should take into consideration he's expelled from school. somebody needs to take a look at the social media profile. i think that is a compounding factor. and then you also have to look -- at least there's one news report. i don't know that it's verified. that this person had said online on a youtube page that he was going to be a professional school shooter. i don't know if that's true.

and they're piecing that all together. but those types of things i'm afraid are happening in other communities as well. people are slipping through the cracks. we've got to be careful with second amendment rights. but there are some people who can't distinguish right and wrong, and they should be able to purchase a new gun. stuart: do you think any new laws are required? >> well, i think there may need to be laws to take the mental health capacity into consideration and tie that together in populating these databases. and when you have the shooting sports foundation and those who care and use guns on a daily basis saying this is broken, then congress needs to come together and fix that. there is no excuse for delaying that any further. there are some pieces of legislation i know the pro gun lobby. look, i own five guns. i have a concealed carry permit. i care about this stuff. but there are things that are broken in the system that should be fixed, and it does take congress to fund them and to fix them.

stuart: okay. jason chaffetz, thank you very much for joining us on a very difficult day. appreciate it. we're going to take you to a short pause and take you to the new york stock exchange where momentarily the exchange will observe a moment of silence, a memorial for those who died in florida yesterday. [bell ring] [silence] [silence] [silence]

[silence] [bell ring]

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. stuart: just look at how this market is going to open in about four minutes time. it's going to open, i would say sharply higher. you're looking at about a 200-point gain for the dow industrials. despite the fact that the backdrop shows a significant up tick in inflation at the consumer level and the producer level. inflation has now hit the 2% mark. highest in many, many years. and because of that, the rate on the year, the ten-year treasury has gone up. my latest count is 2.92%. it may move higher from there. but the market, the stock market has not been affected. that is the backdrop. higher inflation, higher interest rates. you would expect maybe a pull back. not going to happen. four minutes from now, you will see this market go up maybe 200 points. we'll take you there after this

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trading. now i'll tell you now we're looking at that market going up. this thursday morning -- up maybe 200 points we'll find out literally in a few seconds time. the back drop is higher inflation like a higher interest rates. let's see if that market goes. here we are. we're up, we're up, run and we're up 186 point, 170 points right from the get-go. now we're up 195. 191, on left-hand side of our screen i see 26 dow stocks green. four, three, have yet to open. it is a sea of green. this is up all across the board. the dow is now up 204 points and we're up that means .8%. that's a pretty broad based gain lest check out the s&p 500. is that also on the upside to the same degree? yes almost. a .7% gain there and s&p index is up 18 points. how about the nasdaq now here's an indicator how tech stocks are

doing up three quarters one percent. .74% across the board we have with solid gains on stock prices this morning. couple of individual stocks that are really moving -- cisco let's start with that. it is beginning to repatriate 600 billion in other words bring back 600 billion to these shores and more importantly a big stock buyback program to put it back into their own stock doing it a power good up 4.5%. now another huge story is it amazon they're partnering with bank of america on a lending program what this means is, looks to me like amazon is getting into the banking business they're in groceries, they are in the health care business. online sales, the cloud you name it they're in it and now they are in banking a that stock again, up 13 dollars share. 1464 on amazon. ashley is here.

elizabeth is here. scott martin is over there and i'm -- out on a limb gentleman, ladies on this one. again, i'm saying that the president's ten doorsment of a 25 cent per gallon extra gas tax is one of the reasons why this market is going up. gary. i'm coming to you, first. i know i'm outs on a limb are you with me? [laughter] >> that's one heck a limb, stuart -- [laughter] our government had so much darn taxpayer dollars i don't know why they need more. and i don't know why the market would be up if they've tried to tex tract more money out of consumer. listen, i usually agree with most of what you say i'm not so sure iemg i'm on this one with you. >> scat martin do i have a par cial element of tiewt in what i >> i think that branch broke my friend. i'll tell you, i agree with gary you know it is funny if you look

back at history and taxes that government whether it is federal or state and local, had put into prices we pay at the pump it is stag tearing now good news about this is that i'll throw you an olive branch on this one is that, that fact that -- gas prices are coming down and they have been coming down for years even when we've seen them spike they have come back down because of the great supply that we have in the u.s. as far as oil goes, should provide some relief to the taxes that government is going to throw in there versus years past with a big pressure on consumers. >> lasts desperate move i'll ask ash and liz, 25 cent extra per gallon gas tax would help pay for the infrastructure program. and would mean less borrowing by the federal government. that's why i think it is a plus. >> also alienate the trump working class voter. because it is -- >> i think any tax is not great and stay out on a limb. >> all right. all right. by the way, we have open firmly above the 25,000 level can i move on that basis yes, i can are.

amazon now here's ping this is the story of the day. that teaming up with bank of merck getting into a legending program. scott. amazon, now in banking your thoughts on that. >> it's a good deal and you know it is funny this has been going on for a little while now a couple of years and been quite a few quiet if you think about it make a lot of sense because amazon is extending with invite only to a lot of small businesses that are on their platform that may not be able to get traditional loans from barchg and amazon has data they want to see they know the sales they know the product. but i think what's interesting about this partnership and i'm kind of upis the full disclosure because we own jpmorgan chase not b of a getting boost on this news. it appears, though, amazon is realizing that credit in extending credit to some of these businesses is not as easy as it may seem so getting backing or o some of the help an analytic might help them do this legending a little bit better. >> pest perfect sense and why

not in the u.k. he started off as a record laiblg now we have virgin credit cards how long before we see amazon airlines and amazon train ares i mean this is just part of theamazon. >> joining other companies taking over business from banks. and mckin subsidy is saying up to 40% let me get it correct up to 40% is at risk by 2025 from trends like this with banks are losing to technology firms. >> amazon is a bank positionsist and should be regulated. gary come into this. >> easier access to capital for merchant jeff bezos is a genius. the the man is just a forward thinker and understands where world is going. very, very, very smart move for him. >> got it. cisco -- now, two things on cisco.

67 billion that they've got parked overseas. is coming back here. second one, they're going to put 25 billion into their own stock. that's one of the reason why is it is up 4%. good move on both counts what do you say, scott? >> it is. you're seeing this stock react now, the problem with cisco i have is -- cisco is last companies that really didn't recover forever. you know what i mean you look back at the tech crisis in 2000 and it took forever to come back so kris koa is one of the ones that is old tech i favor dwoolg, facebook, apple the netflix which we still all own here versus some of this old tech like cisco no matter how much stock they're buying back. j check the big board with six and a half into the trading session on this thursday morning and we're with now up 166 points. we're up 200 now we're up 166. it is a solid gain and we're back well above 25,000. some of the sthoox we are

watching today here we go i'll start with the gun stocks -- predictably most of them are up -- that's what usually happens following these dreadful shooting incidents. trip advisor making more money than expected. they gave a positive outlook for rest of the year you do that and stock goes up 12% in this case. trip advisor at 45. marriott international good profits, positive effect after merging with star hotels but down nearly $3 that's a 2% loss marriott at 142. sears reporting same store sales at k-mart, fell 12%. that was in their fourth quarter. that was at sears stores they fell 18%. well, they're still selling things. they're still in business. but they're up 6 corrects that is 2.6%. now this more important story warren buffett brook shire hathaway reportedly cutting half of its ibm stake and it is adding to the shares that it own it is in apple okay.

getting rid of ibm buying into apple. gary what do you make that have? >> ibm has been a king king kiny inconsistent company and not sure if apple is there but they dominate even though they've had a mishap with the the iphone 10 and i must tell you when they started buying i think it was 80, 90 when stock qungt acting well an made fun of they're not made fun of anymore. >> that's true. [laughter] bitcoin, you have to cover that especially request this. here's the news item warren buffett right hand man calling cryptocurrency a nauseous poison you're laughing but stock is -- no, the coin is at $9,800 despite -- a huge statement. there's a -- gary, do you want to -- you're not a bitcoin lover. so do you want to chime in on

what charlie has to say? >> i think mr. was being too nice it is worst that. i'm a big believer when all of the music stops please do not be in. it can go up even farther and trade around. there is no economic value to any of these coins and there's now over 1500 of them diluting heck out of each other. >> he also said it is just disgusting and he said china is right to step down hard on it. >> he was hard on bitcoin. and that's a fact but it is up. goes up 800 that's by the way we're u up 200 points on the dow industrials. google is saying and i do not understand. google says, saying good-bye to what i call spammy ads -- >> i like those annoying pads you're on the google chrome blah looking for stuff. but up comes these spammy ads as they call them trying to get rid eve them google says part of an industry wide effort but they say google has a lot of weight

in in the internet search realm they get $3 out of o every ten spent by advertisers they say by doing away with which ads to say spammy and they have too much influence over there so ultimately more advertising because people get a better, better view of their ads on the google pro. pain in the neck. >> how do they define spammy that's part of the question. we're out of time busy day 9:40 eastern time time so say good-bye to scott and gary thanks so much for being here and it is a difficult day we appreciate you being here. gentlemen yek that big board up 210, 25,105. what do we have for you? well more on the school is shooting in florida here's the the question -- is there anything we can do to keep guns out of the hands of mentally disturbed people? we will deal with that question next.

>> yes, thursday morning, and we've opened a rally of 200 points 25,is that where we are on the dow industrials. how about this one, facebook they're thinking about it at least launching voice assistant just like amazon tboolg and am l. come on in nicole this is a big deal. fght right and this is all about the speakers in your home or you have ab an assistant and take on amazon echo show now company is not saying thing but according to sources and reports there's two devices, apparently code name fiona supposed come out in may may be coming out in july are to perfect the equality of these but it is a 15 inch touch screen, and it is traditional smart speaker as well. there's two of them and you'll be able to have -- voice recognition facial recognition and use social features facebook, messager all to take on those big guy.

a.m. son google, apple, across the board all of them are to upside amazon alphabet higher today but we'll see. but company is not giving us any details but these are the reports that you might see this in mid-july for two speakers from facebook. >> not keen on them but they have them within two years. thank you very much indeed two big events coming your way during this program 10:15 eastern and on shooting investigation we'll take you there at 11 eastern president trump addresses the nation, in the the aftermath of the shooting, we'll take you there as well, of course. this is what president trump is saying tweeting about the shooting. here we go. so many sign it is that the florida shooter was mentally disturbed even expelled from school for bad erratic behavior. neighbors in classmates knew he was a big problem. must always report such instances to authorities again and again. ohio congressman jen is with us. sir, do you have any idea how we can keep gun over the hand of mentally disturbed people?

>> well good morning stuart and first off, the real issue is that the president said we have to start looking at the signs ahead of time you think that's really a key but we also have to start strengthening our role when is we talk about mental health we have to understand there are a lot of people that when we're talking about mental health issues we have to keep guns away with people with mental health issues so question of to strengthen that as well. i'm a big believer in that. might mean we're taking the step that we breach the privacy that exist now between a therapist and their patient. are we beginning to breach that privacy so we lay it on the therapist and say, you've got to give a warning. you've got to tell the police. jth without ologisted in ulingsdz thrrs soppings up with tos decide i have three children all graduate from high school, and k-12 not a lot of college. last thing i thought about when i sect them to school was somebody was going to there to shoot -- individual it is in that school. so we do have to come up with

protection it is but some of this is obvious. facebook, some of the trends that we have all of this obvious stuff we have to start looking at if we have to be willing to call authorities say there's a problem here. >> awe -- i just keep having to go back to this. we've got to keep guns out of the hands of mentally disturbed we've got to do that, and that means -- tightening the rules between therapists and patient and we have to tighten rule on who can take a gun off somebody -- confiscate that gun if they're mentally disturbed we have to think about doing that. that's a very difficult thing for us to do with the second amendment. but we, i think we've got to think about doing that. what say you? >> well first off you're assuming that everybody with a mental illens going to a therapist there are a lot of people with mental ill thanks don't go to therapist but they quit going to therapist there's another example where we have to look at other sign but all of the other o signs if you look at

the facebook page i didn't but there should be some way, in fact, as a businessman i was thinking we have to come up with a model to look over social yeedz and pick up these issues and then says hey we have a problem. that's probably going to be the next best -- invention coming forward because that's a necessary thing for our country. >> i have to move on and talk about your position you're on the budget committee. i want you to take a look fox news poll -- it finds that people are in favor of the government spending a lot more money. 63% of respondent said yes federal government should increase spending. i'm surprised at that. are you? >> well, stuart i'm the not surprised at that because what i tell everybody is when it is other peemg's money everybody wants so spend it i'm a big believer if they have to write a check every month if they send a bill and said here's what we spent last month you need to cover that bill because people qowld say wait a minute it is my

money you're taking. i'm not going to spend it and that's what we really have to get americans to realize it is their money we're spending it is -- look, all we're doing is burdening our children and grandchildren as we spend it, someday we're going to have to raise taxes on our children, grandchildren shame on us for continuing to do if. >> what do you make of the president suggestion of an extra 25 gasoline tax as a way of paying for the infrastructure program? >> two years ago i put out a bill i believe we need a user fee. i said that if nothing else let's index user fee within a gas tax and force congress if there's a better idea if there is a better user fee let's find it. what i found in two-year investigation was the best user fee fsz one attached to the gasoline. now some people will say wait a minute there's electric cars you know what there's not enough of them right now. and government has to be willing to do what's necessary today and as car and gas operated it -- cars change then we have to change with it.

that's the problem we don't change here. we have a tax code that was 35 years old. we have regulations that are 35 years. we have to change with the times. >> so can i interpret your answer as yes a 25 cent extra gasoline tax is okay. >> i'm not sure if that was needed when i put it out two years ago i said that, ten cents just put directly into -- roads and bridges was all that was needed i wasn't advocating for that. i said i know that's what would fix things i was letting congress make the decision it is a user fee if they have a better fee republicans and democrats realize when we with use something we need to pay for it. >> oping. congressman jen thank you for being with us a difficult day and we appreciate you being here, sir thank you very much indeed. >> thank you. >> let's see how broad a base rally we've got look at this on screens all 30 of the dow stocks. 26 of them are up. four are down. yes it is a broad based rally the dow is up 200 points.

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>> shortly, a police briefing about the florida shooting we will take you there. and then at 11:00 we'll take you to the president who will address the nation. steve heir began meanwhile live in springs all right steve give me a composite picture of what we know about the shooter. please. >> stuart more details we're learning about that shootser every hour 19-year-old nicholas cruz he was expelled from the school behind me here last year for disciplinary reasons he's orphan mother dieded three months ago father 13 yearing ago adopted with half brother he's had had had a history of mental health problems in the paths. described as loner owns own ar-15 assault rifle as far as the investigation goes, it has been focusing on his social media account which law

enforcement describe as very, very disturbing. a number of pictures of cruz with guns and with knives. they've also searched the house where he was staying. and in addition they've searched mobling home 35 miles away from here. where there was apparently some bomb making equipment removed right now law enforcement officials not giving any details on the possible connection. we're also likely to hear in a few minutes time from smfts surgeons there are still, 12 people in the hospital. five of them in life-threatening conditions. so we'll get an update on their progress as well. all within the next hour. stuart back to you. >> steve thank you very much indeed. what we just heard there from steve is -- a composite fir of a clear series of warnings to anybody who was listening. >> if ever anyone gave off warning signs it was this individual there's no doubt he mentioned social media stuff. seen some of these pictures of him holding five requests guns -- and some of the comments he was making clearly -- he was -- having a lot of issues. >> who steps in when and how?

unanswered questions? >> is there mental health laws it is our privacy laws at stake, and it's striking how schools have been reacting they've been living with -- school shootings to 20 years and you know, security cameras lock doors teachers taught how to barricade children in classrooms. it is quite an environment or for teachers and students right now. it is dreadful. and it is just -- >> take you to the police briefing shortly and have the president addressing nation at 11:00 right now i'm show yog showing you the stock market a gain of 215 points. that's the market. on a very difficult day. we'll be back. away. that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't?

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you hear the news alert, you hear the grim details. why is that happening? his name is nicolas cruz, he is 19. he long been considered troubled. his adoptive parents had died. he moved in with another family. he was not happy. late last year he moved into another mobile home with a student from marjory stoneman douglas high school. that school expelled him for discipline reasons. that is the school he returned to yesterday to kill 17 people. there were plenty of warning signs. at school he was not allowed to carry a backpack. he went to a mental health clinic for treatment but stopped going. other students said he liked to kill animals. that is a warning signs. he was obsessed with guns. he used a rifle for his killing spree. it was purchased legally. he went back to that high school, walked inside. started shooting. evidently pulled the fire alarm so kids poured out of the

classroom and he kept shooting. he escaped briefly as other students ran outside. 90 minutes later he was in custody. there are stories of heroism. we're told a football coach died shielding other students. the endless video loop we've seen some times, children running to safety, hand in the air. in a few minutes broward county police will provide an update. there are many unanswered questions. why did a clearly-troubled youngster have access to a gun? if there were so many warning signs, why wasn't he stopped? can you pass a background check with a history of mental instability? what do you do with troubled kids whose parents have guns? why is it happening so often in our schools? this is a very difficult time. keeps on happening. surely everyone of us has asked, how do we stop this happening again? we have no answer. certainly no easy answer. and that is perhaps the most troubling thing of all.

♪ stuart: lots of news happening now including a market rally and the latest read on mortgage rates. are they up again? ashley: yes, they are, stu. freddie mac 4.38%. up from 4.32%. it was under four for a while at the beginning of the year. we've seen it creep up and up and up. now well into the 4.3% range. stuart: gone straight up in the last four, five weeks to be honest with you. ashley: yep. stuart: got it. the dow industrials up 218 points. i will check big tech names for you. i believe all of them are higher at this point, except facebook interestingly. they are down only 6 cents. only one that is down, apple, alphabet, microsoft. amazon, $1458 a share.

we have cisco. they will bring back $67 billion they had parked overseas. they are going to spend 25 billion on a stock buyback program. that is always good for the stock and it is today. 4% higher. have we got , general electric, whoa, $15 a share for good ol' ge. there you have it. i have to return to the florida shooting. 17 people killed after this gunman opened fire. that gunman is nicolas cruz, arrested charged with 17 counts of premeditated murder. president trump tweeted about the gunman earlier this morning. so many signs that the florida shooter was mentally disturbed. even expelled from school wither rattic and bad behavior. neighbors and classmates knew he was a problem. must always report such incidents to authorities again and again. authorities in florida will hold an update soon. the president will address the nation at 11:00 eastern time

this morning. we'll bring you both of those events. we'll bring them to you directly. pete hegseth, "fox & friends weekend" co-host joins us now. pete, it seems like that any restraint that the law imposes on mentally-disturbed people owning guns, whatever restraint we impose, it is not working because interest getting guns. what do you say to that. >> find me the crime that he committed before he pulled that fire aarm which is his first crime. who determines when you're mentally disturbed and why? i look at veterans community. guys come back from post-tramatic stress, do we strip them rights because they seek that help. i don't think we should. you probably don't think they should. in this particular case taking photographs on instagram is not illegal. it may be disturbed. killing frogs is not illegal.

stuart: is it the therapist? if the therapist knew that this man, this young man was dangerous, is the onus on that therapist to alert police, watch out for this guy around don't let him have a gun? can we get to that point? >> it could be. then you're right, that local police department should be involved in the background check and determine -- who makes that decision? i err on the side of free people, free society will be under threat of evil. evil people can use freedom for wrong reasons. the power should not be take away. empowerment in classrooms and teachers to carry conceal. my school did that private school. their reaction to the most recent spree of these things, give teachers training on carry conceal. if that student knew one of these big teachers was armed, he may think twice about it as well. you can pass all the laws, people should honor social media and all that, until a crime is committed in a free society for

19-year-old there is not a whole lot you can do. liz: families are saying, why are children being deprived right, liberty and pursuit of happiness at schools? they're being killed. the second amendment is not suicide pact. stuart: i have got six kid. i have nine grandchildren. i would be really troubled if my children or my grandchildren were going to schools where the teachers carry. i would be troubled by that, at risk of accident. there is the risk of events that teacher can not control, getting out of hand. there is enormous risk in that situation. >> i, that is your calculation. mine is quite different. much more risk in the fact that my kids go to school no one is armed, someone with a gun is toughest kid on the block who is 19-year-old punk, if the field is level isn't able to kill 17 people. you have to be trained. you would have to be regulations around it. you with i think the safest place to be when you're being shot at it is next to or next to a person with a gun or with a

gun yourself. stuart: look i understand. that is very commonly-held opinion. i'm not going to necessarily disagree with it but not my calculation. >> at least armed guards at each school. not just guards with batons or pepper spray but guards themselves armed. stuart: i think we agree on this, pete that would be a dreadful situation if every school in the united states of america, elementary, middle school, high school, have to have armed guard checking people out at the door. that is a rotten situation. that does not explain why it is only in the last 20 years that we've had this kind of event take place. this is the 25th fatal shooting in a school. 98 people dead. it happened in the last 20 years. >> same obsessed, violence obsessed society, social media amplifies influence. coverage of these incidents drives it as well. when we go wall-to-wall kids say my chance to go out in infamy. a lot of reasons why this happens. stuart: pete, stay with me.

>> sure. stuart: the president came out with some drama yesterday. don't know whether you caught it. caught my attention. he endorsed a 25-cent per gallon gas tax hike. there was extra 25 cents per gallon at federal level. it would pay for infrastructure. look who is here. we dragged him on to the set in new york city, greg valliere, horizon chief global strategist. i think, i've been shot down all morning by the way, i think this 25-cent per gallon gas tax would go a long way paying for infrastructure, which means we borrow less from the treasury. i think that is part of the reason for the stock market rally. go ahead. >> this makes too much sense, stuart. this is biggest flaw. bear with me, republicans had a pop in the polls last few weeks. the generic poll showing congressional races in november is now tied. what a big improvement for the republicans. trump's numbers are up. so they're going to ruin this with a gasoline tax, a regressive tax that i think the

democrats would love to stick them with? i just don't see it. i see the republicans capitulating on trade to trump. capitulating on deficits but they will not capitulate to trump on a gasoline tax. stuart: okay. i'm wrong again. i accept that. i entirely accept that now, we got news of 2% inflation at producer level. other day we got news of two% inflation at the consumer level. we have interest rates rising. i have 2.92% on the 10-year treasury, we have the market rallying. want to explain that? >> here is my take. i've been at road last couple weeks seeing investors. you talk to investors, we got our paycheck couple days ago. there is more money in our paycheck. there is sense of optimism. that is why the republicans numbers are rising. so i think a little whiff of inflation is not sufficient to knock down a market that has such great fundamentals. stuart: i think the high, as i recall in january on the dow was

26,006 and change. i think about there. are we going back above that high? probably. stuart: really? >> i think so but there is one very big caveat. we have an fomc meeting at the fed in march. i think the new chairman powell has a lot of work to do. it's a press conference meeting. in the press conference he will make it clear just up with rate hike in march is not enough. there will be at least a couple more, maybe three more this year. one thing hanging over the market but fundamentals are so good. stuart: you think we might go 27, 28,000? >> why not? a lot of my investor friend there is no alternative right now tina. stuart: tina. i will steal that. greg valliere. good to see you. >> yes, sir. stuart: i have video for you. mykayla schirffn taking fold at

the slalom. she defend her sochi olympic title. there is some curb on chain migration but lottery stays. funding for the wall, 25 billion, oh dear, spread over 25, 10 years. the president will not like that. >> >> moments from now parkland sheriff's department will give an update. we'll bring it to you. next hour president trump addresses the nation. we'll bring that to you as well. this is "varney & company." building a website in under an hour is easy with gocentral... ...from godaddy! in fact, 68% of people who have built their... ...website using gocentral, did it in under an hour,

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stuart: we're been open for 45 minutes. the rally at this point is certainly holding. next case, i want to go back to the florida shooting. i want to bring in congressman mark wayne mullen, republican from oklahoma.

sir, there were clear warning signs about this young man, very clear. he was on the police radar screen. he had been disciplined at school, expelled, et cetera, et cetera, et cetera. what is it that we need to do to keep guns out of the hands of youngsters like this who are clearly troubled? do we need to change the law? do we need to put the onus on therapists say you have to point this out. what do we do? >> stuart, the first thing everybody always wants to talk about when we have unfortunate event like this, this is horrific, i have five kids, it breaks my heart every time we hear it but what we always talk about is gun control but what don't talk about what we're exposing our kids to. hollywood elites jump out, saying gun control and making millions and billions often exposing our kid to all types of violence in movies and glorifying violence and sex and talk about all the programs, the number one seller of videogames,

call of duty, last 9 years in a row. if you ever watch that, you see how much violence. you take that, combine that with someone with a touch of mental illness or is mentally ill, what do you effect is going to happen? we need a serious conversation what we're exposing our kid to and why we let that happen. stuart: that is one part of conversation, clearly. >> absolutely. stuart: no question about it, congressman. there is another said, we have to do something about guns in the hands of mentally unstable people. how do we stop that. >> mental illness is very hard. i'm not a doctor, but on our committee, energy and commerce health subcommittee we talk about, we talk about mental illness all the time, that is one of those things very, very difficult to diagnose and also to recognize. it comes with a stigma for some reason. someone breaks their leg or cuts their face. that injury. someone has the flu, you can see it, doctor can diagnosis.

mentally ill individuals comes with a stigma, sometimes it is temporary that needs to be addressed, no doubt about it. but we as a society have a larger conversation, there are mentally ill people, but what do we expose kids to at such a young age? i don't know, stuart, i'm not trying to harp on this, i walked into my house one time and my two boys, which are 12 and 13 was playing call of duty with my son, brother-in-law. i've been exposed to that type of violence in my life before. when you see that it was so graphic, i literally took it out and don't allow my kids to play it anymore. but yet we allow our kids to be exposed to it. there is mentally ill individuals and adults, young kids, we combine it and allow them to expose it because we call that entertainment. it is not right. stuart: congressman, earlier on the program my colleague pete hegseth, fox news guy, still with me on the show as a matter

of fact, he says what is wrong with arming some teachers, training some teachers, in the use of firearms? what's wrong with putting armed guards in front of our schools? what do you say about that, sir? >> you know, you can secure a place somewhat relatively easy if you control the entrance and exit to buildings. if you can understand who is coming and who is going and limit the access that people have to it, i have no problem with that. but it can't just be somebody, a teacher that simply has a concealed carry permit. they need to go through training law enforcement has. there is different between shooting a target stationary, shooting a target with multiple people around. you have to understand where your target is and what lies on past it. while i agree, we have men rand women that is in our classrooms that are capable, many are ex-military, some even ex-law enforcement, went through the training, let them go through the training. i have no issue about that.

we should quit allowing our schools to be a soft target. when you have a soft target or easy target, that breeds violence to come in. if you control it simply putting someone saying this will not be such an easy target, in my opinion it will eliminate a lot of this. stuart: hold on a second, congressman, pete hegseth, you believe, you agree with the congressman. >> i do. stuart: it would act as deterrent young shooters like this knew that the end point was a gun in their face? >> that is the point, deterrents. absolutely. you would, the congressman is right. you have to absolutely apply training so the weapon is used properly. not bring your gun that you have had to work. it is subset of people and when that gunman knows that that football coach is not just a big dude but a big dude with a firearm, he thinks twice. >> that's right. i agree. stuart: congressman, again, hold on for us will you please, pete, the same thing. i want to go to fox news correspondent steve harrigan, live in parkland, right in front of the school.

what is the very latest that you have for us, steve? reporter: stuart just a few minutes away, we're awaiting for a press conference from the sheriff's department. we're waiting from law enforcement officers with update how the investigation is going. we know they scanned the profile of on social media of accused shooter they found things very, very disturbing. they searched the house where nicolas cruz lived past three months after the death of his family, the 19 yearly orphan. they carried out material from a mobile home 35 years away from here. we heard reports there could have been bomb-making material inside that mobile home. update where the investigation stands. we're likely to hear from surgeons working around the clock to save some 12 students and adults who were hospitalized overnight after that rampage. those 12, five are in life-threatening conditions. at 2:00 the 19-year-old faces the judge. right now he stand with 17

counts of premeditated murder. stuart, back to you. stuart: steve, thank you very much indeed. we'll be taking the press conference live when it occurs. should be moments from now. congressman, there were clear signs, did somebody drop the ball here? was it school authoritys who expelled him and got rid of him? was it the mental health clinic he walked away from? was it the police who were warned about him? somebody dropped the ball. >> you want to say someone drops the ball because in situation like this you want to point a finker to find something. you want to debrief see how you get better in any situation but the truth is what we've been told there was no direct threat. there is general threat. there is difference between having a direct threat on something and having a general threat. unfortunately law enforcement has to confine within those areas, the school did what they were supposed to do. they recognized the problem. they reported it. they expelled the kid from school. they did their job, law enforcement, i don't know all the details coming to it.

i do understand there was possibly a general threat made, maybe by the individual. we don't know that for sure yet. but unless there is a direct threat that is made, it is very, very difficult for law enforcement to go beyond that. as far as imwalking a way from mental institute, unless he was, unless he was confined there. he was court ordered there, it is a volunteer basis and in most cases i don't know all the circumstances on it. still as i said, mental illness we need to spend a lot more time working at this. late congressman is no longer, we no longer serve with is tim murphy who is a psychologist. he spent a lot of time, dedicated a lot of time doing this, talking about mental illness. not that congress hasn't looked at it too. i don't know the direct path moving forward. stuart: yeah. that is entirely understandable because the initial reaction to something of this kind is, we got to do something. it's happened again. this is the 25th fatal

school shooting since 1999. 98 youngsters and some adults are dead. that is a terrible figure. and so that reaction always, we got to do something this time. we've got to do something! hold on a second, congressman. pete hegseth, what do, what does one do? >> i loved your opening monologue when it feels like solutions are so far out of our grasp. what we're not able to get solution to, the fact he lost both his parents. we don't know what his family situation. the congressman watching videogames, immediately saying you're done watching that. without family, parents, cocoon that nurtures values, we stripped faith from our institutions without believing something greater than your elf s you could chase evil end. only religious people are capable of keeping themselves free. those inherent values we should

be drawn too instead of pointing a finger with, a new law or regulation. society breaks down in certain places. it is our job to rebuild the fabric of institutions that love their country and other people. stuart: long term that's for sure. congressman, there any regulation are or law you would change this morning in response to this event? >> like i said when i first started talking we need to talk about what we're exposing our kids to. you used to could not buy a videogame with 18 with mature rating. we have access to the kids on phones where they can get grand theft auto made a billion dollars first three days it came open to sell. "grand theft auto," call of duty. stuart: i don't know what to do about that. i may take your point about violence and violent entertainment for youngsters. i do take your point. what do you do about that? >> that is what i'm talking about. we only want to focus on one thing and that is gun control. when we do that, we only pun

fish those that are law-abiding citizens. we need to talk about the bigger picture too. if we're talking about regulations which i'm not a big fan of, but in case like this we need to look at mental illness and what we expose our kids to, why they have great amount of abscess with ease to get their hand on it. for me that the is direction i'm going to be moving. how do we limit the access to our kids to see this violence that is glorified in hollywood? stuart: i don't know how you do it, congressman. we have free speech. >> right. stuart: you know that of course. how do you ban violent entertainment for youngsters on their smartphone? how do you do that? >> i'm not saying you ban it. make it harder for them to get their hands on it. with the internet it is super easy, but parents i grant that, parents have a big role in this too, with five kids, i understand that very well. but we need to also hold other people accountable too. if we're going to have a good

conversation, we need to include everybody and everything that we're exposing our kid to, plus with entertainment world and lawmakers. let's have a good conversation and move forward with this. stuart: congressman, very difficult subject and very difficult day. we do thank you for your input. >> stuart, i appreciate the time. stuart: thank you, thanks so much. pete, thank you for being with us today. good stuff, thank you. all right, we will take a short commercial break. we'll bring you that police wrap up or that the news conference. we'll bring you that shortly. ♪

stuart: the rally holds. as of now the dow industrials are above 25,000. that is a gain of 160 points. all kind of stocks moving higher. we have a pretty broad based rally this thursday morning. >> gunman in the florida high school shooting, 17 deads apparently wrote disturbing posts on social media. lawrence jones is with us, campus reform.org chief. he is with us. i will call him a libertarian. >> okay. stuart: also with us, former clinton pollster doug schoen who i will label as always a democrat. >> thank you, stuart. stuart: you're welcome, my son, you're welcome. i have different opposing political opinions here. go to you first, doug. >> please. stuart: what changes to the gun laws would you make to address the specific problem of mentally-unstable people getting a gun? >> we have to tighten, strengthen, and reinforce our

background checks, both at the federal level and at the state level. stuart, i don't think there is any reason anyone should be able to buy a military-style assault weapon in this country, period. stuart: hold on a second. >> i didn't say it was. i am saying what i would do. stuart: so how would you tighten the rules, background check to take account of mentally-unstable people? that is the question of this hour. >> there is the gun show loophole. stuart: no, that is separate story. i'm talking about background checks, the rules governing the background checks, which allow people to get a gun? >> as i understand the rules at gun shows that there are, is an exception for those. interfamily sales. there are exceptions. i would get rid of all of that. i want universal, mandatory background checks. i also want to do more on mental help. i want to tighten things up. we need to stop arguing and fighting and come together as a nation about this. not treating it as a political

issue. stuart: i'm still with you, doug. would you break the privacy deal between a patient and a therapist? would you break that? would you have the therapist placed in a position of responsibility to report dangerous people to the police? >> absolutely. stuart: you would do that? >> without any problem. this is about national and indeed, individual security. stuart: okay. >> that pales -- that is much more important than individual rights. stuart: lawrence, look i'm narrowing the discussion down here, how do you keep guns out of the hands of mentally-unstable people. would you change any rules in order to do that? >> well, i think that mental illness is a big thing but i don't want them to get out of control when evaluating people. just because someone is taking antidepressants at one point in time in their life or have severe anxiety doesn't mean they're mentally unfit to hold a firearm. stuart: at that is true. >> that is why some

conservatives start to get pushy. but when you have this guy, seeing a psych it interest, they know he is violent, has a track record of being violent, i think they have a duty to report that to the state. stuart: who? the therapist? >> the therapist does. when someone has intent, which this guy has to suggested before to cause harm to others, they have a duty to report that to the authorities. stuart: okay. >> my question is what did he tell that therapist? i know it is privileged but he was talking to everybody else about it. i can't imagine him not talking to his therapist. why didn't they report that to the authorities? stuart: if the therapist, i'm not, just talking generally now, if a therapist reports to the police that this patient is unstable and dangerous, should the police then have the power to go to that person's home and take the guns out? >> i don't think so. it depends. and when i say reporting, they should be reporting that the person is not so much mentally unfit but they have intent to

cause harm. and when they report that, then i think the law enforcement should be able to go to the house and start process of an investigation because, again, we don't want to give government that much power there is no due process for the allegation. we still have to have the due process but, from my understanding, the proper channels weren't even processed for this case. there was no investigation of this. they had all the allegations. they had all these red flags but no one actually did anything. they said, hey, if he comes back up to the school, make sure you check his bag. he is banned from the campus. well, if someone is that unfit and you know that they have threatened to cause harm to that campus, his picture should be all around the campus, to security, to all the teachers saying this guy can not come in our building. you are to call law enforcement the moment he steps on the property of the school. that did not happen. stuart: separate question, separate problem.

>> please. stuart: how do you keep guns -- let's suppose that somebody is mentally unstable. they go back home. they don't have a gun but the parents do. this has happened in the past. >> of course it has. stuart: how would you keep guns out of the hands of mentally unstable youngsters when they don't have the gun but the parents do? i don't know what you do? >> i don't have a good answer. i think it involves education. i think it involves a, perhaps greater degree of intrusion in the permitting process than perhaps lawrence might be comfortable with and other libertarians. but it's a very, very difficult issue because you have to balance privacy with the community's desire to be protected. let me say one more thing quickly. much, if not all of what lawrence said i agree with. i would say on this issue the overarching concern i have now is people pulling together of goodwill. everybody i met on this show invariably brings goodwill. that would be my -- >> it starts with the amount of

information, stuart. i saw a sitting u.s. senator today on "fox & friends, democrat from florida, not marco rubio, but call this a assault weapon. it was not. that we've had people talk about loopholes at gun shows. there is no loophole at gun shows. go to a gun show and see what the loophole is. i guarranty you they take you through background check. i have people suggest you can buy online. that is simply not true. stuart: i go to a gun show, i meet somebody there. >> yep. stuart: if i sell my gun to my son, or daughter, there is no background check. >> you have to go through -- >> you're right stuart. of course you're right. >> you have to go through the federal process where a dealer transfers it over. they do the background check. there is a process. stuart: not if you sell it to a relative, or a friend. at a gun show. >> you still have to go to the federal process. stuart: no you don't. >> i'm saying if you're selling to someone else you have to go, they have to be registered with

the feds. stuart: i don't think you're right. >> totally true. >> no you're not. stuart: you're not. >> interest fans per -- >> that was whole point of the federal legislation a couple years ago to tighten that loophole. stuart: it is not there. it is not there. you don't have to go through a background if you buy a gun or sell a gun to a relative. >> no you have to. you have to go through the process. stuart: we have distinction between what the law says and way we interpret it. we'll get to the bottom of that at some point. right now, by the way, if you see on your screens we are looking and waiting for beginning after press conference to be held by local authorities. i believe they will bring us up to speed, up-to-date on some of the postings that this young man was making on social media, that simply described as disturbing. i think ash, you have probably seen some of them. ashley: i have. multiple knives around another with his guns. stuart: i think we'll get more on that. ashley: yeah. stuart: this raises a question, which we've had on this program

earlier this morning, i will ask this question to both of you. >> sure. stuart: you go watch some of these video games, they are violent indeed. we have young men and women of that kind of age, you know, should we do something about that? >> stuart, going back into the '80s, it was al gore and tipper gore who first started sounding the alert about this. yes, i think we need to do something about it. i absolutely support it. and believe that so many young people get isolated. they play games. and their mental health and well-being is affected, leading them potentially to do heinous acts. stuart: should we do something about it? >> i'm saying yes. stuart: i don't know what? >> i can't sit here today i have the -- >> we live in violent society. goes back to parenting. whether you're talking about videogames or what kid see on the street or talking with their friend in the classroom or outside of the classroom, there is a lot of things happening in society that can be a risk to our young people in their mind

but that goes back to the parents and the parents have to take back control in their households. and there has been a lot of watering down of laws where parents can't discipline their children appropriately. and that is the problem. and when it goes to the bullying, stuart, that there are talking about, these kids need to be kicked out of schools. parents should have to teach their kids. given -- let them homeschool from home. but don't make other kids suffer in the classroom with the bullying going on in those classrooms. stuart: jeff, please stay with us. doug, lawrence, stay there please. we'll return to this obviously. i do want to cover what is happening to your money. we still have a rally in progress on wall street. we're up 120 points. we were up over 200. but it is still a rally. still in place, up 120 points. it is pretty broad based. the s&p, nasdaq, the dow, all of them are on the upside. i want to bring in dennis gartman. heed he is the editor and

publisher the gartman letter. i see inflation picked up to the consumer level, price level, interest rates kicked up to 2.93% on the 10-year treasury, yet we've got a market rally. why do we have this market rally, dennis? >> stuart, it is because which took, we fell as sharply as we did last week. we're bouncing. we're bouncing on relatively light volume. we're bouncing on relatively -- the internals of the market are bouncing. everybody was excited up we were up 200 points yesterday, up 150 points today, but remember we're down several thousand points from the highs two weeks ago. that is important. yesterday was the first time in quite some period of time i went net short of market. i am behind a little bit at this point. i still think we have important top being put into the market two weeks ago. nonetheless the economy is doing quite well and continue to do

well. stuart: that is a top. i'm not sure about the technical stuff here, you're saying there was top in the market middle of january, somewhere around 26, six the dow, somewhere like that. you don't think we'll go back and exceed that? >> i don't think we'll go back and exceed that. i think the economy is doing quite well. at this point after long protracted economic upturn. after monetary authorities ceased forcing reserves in the system and allowing reserves to run off, as they allow their balance sheet to decline, that sort of activity gives you a top in the market. i still think you need to be long. i think it's a multidecade bull market. on balance i think for next year we'll sea weakers price, not stronger prices. being less involved is a reasonable, rational and wise position to adopt. stuart: oh, dennis gartman, look what you did. you went on the air. you say we're not going to get back to the highs. we're up 120. now we're up 88. gartman, you're asking for

trouble if you want to get back on this program. however, to change subject very slightly. tell me about amazon. i was amazed this morning where they worked out this deal with bank of america. they will expand the deal. talking about lending money to individual and small businesses. looks to me like amazon is getting into banking, another new industry under threat from the big a. what do you make of this? >> it remind me the conglomerates we had back in the '60s, when everybody took part of everything and managers thought they could manufacture steel that they could manufacture computers, that they could manufacture tires. conglomerates were sum total then and they fell apart. i think amazon has done a wonderful, magnificent, stupendous job, the fact they're getting into banking, doesn't that seem to be getting over one's ski as bit too far? that is extension that probably should have been avoided. stuart: the stock is close to $1450 a share. i take it dennis gartman is not

a buyer? >> i'm not a buyer of amazon. i admire what he has been able to do but when you start going into extraneous businesses, when you expand your brand beyond what your brand really was i think you start to give yourselves problem. stick to your knitting. make steel, make tires, make boats, make railroads, do those sorts of things. remind me too too too much of conglomerate fiascos of the 1960s. stuart: if jeff bezos gets into the steel business that is a short. that would be truly getting over your skis definitely. >> no question. stuart: dennis, thanks for joining us on very interesting day. we appreciate your presence. >> thank you very much for having me on. stuart: on left-hand side of the screen we're awaiting for authorities in florida to give the press conference with latest on the dreadful school shooting yesterday afternoon. when they start to talk you will hear them. at the top of the hour, come

11:00 eastern time, we're expecting president trump who will be addressing the nation on the subject of that shooting. lisa booth, fox news contributor joins us now. she is joining the conversation, the discussion about what to do in the aftermath of this shootinging. the conversation around this morning what do you do to stop mentally unstable people getting a gun? clearly the rules broke down on this occasion because this young man was sending warning signs all across the place. would you make any changes to any rule to stop unstable people getting a gun? >> i don't know off the top of my head anything that would have prevented shooting, do you. stuart: i do. i would suggest that this young man was throwing out so many clear warning signs, both from his therapist, from the mental institution he went to voluntarily, from the police, from the school and from his friend, from his posting on facebook, those were clear signals. >> what is the recourse to stop that?

precautions, prevention method or resources do we put forward to prevent that in the future? that would be the question i have. certainly most americans are paying attention to this are open to ideas. the problem with congress, the fact there haven't been policy prescriptions put forth is there aren't easy answers particularly when you look to gun laws. we remember when senator marco rubio when he said there were no policy prescriptions regarding gun laws that would have prevented recent mat shootings, that was fact-checked by "washington post" and found to be true. it if there was a solution universally forward to stop mass shootings, but that is the problem. it is much more complicated, much more societal than we want to admit. stuart: you could put the onus, that is the sheriff's department and doctors by the looks of it. why can't you put the onus on the therapist, on the mental

institutions to say look, this guy is a danger, alert the police and the police then visit the home and go to a judge and take the guns out of the home? you know, that could stop a few of these dreadful events. >> no, but sure, but sometimes with a lot of these incidents as well we've seen where there isn't this background, there isn't this criminal record, there isn't this you know, background that would prevent them from obtaining a weapon. we've seen even with the the knicks database states are not putting information about people with mental health issues into the knicks database. stuart: tighten it up. >> at large, in the conversation that many on the left want to have regarding funds, i don't know what we would put forward -- stuart: one moment. i do apologize. the sheriff is about to speak. we'll listen. >> all the victims families have been notified. we'll be releasing the list of,

releasing a list of those that lost their lives yesterday. there will be released throughout pio in a very short period of time. but all the families have been notified. our detectives worked through the night on this very daunting and challenging task, but it had to be done. it was the right thing to do. they worked tirelessly. this community is hurting right now. there is going to be a lot of conversations over the next couple days and weeks and i'm going to be very animated about what i think this country can do to possibly prevent these tragedies in the future. today is a day of healing. today is a day of mourning. the suspect is in custody. he will be appearing before his first magistrate today at 2:00 p.m. at the. this morning we will, we begun working with the fbi and you

will be hearing from the special agent in charge from the fbi, rob lasky in a few minutes. we're working with the florida department of law enforcement under the direction of troy walker. we wilt interview every single student or every person in that school that might possibly knew something or don't know they know something. they will be thoroughly debriefed. we're making sure we can prosecute this case. the suspect is charged with 17 counts of premeditated murder. law enforcement will do everything we can, the fbi, ourselves, to make sure that this person is convicted of all charges and that justices served sadly there have been copycat threats made today at other schools. we will respond to every threat, every throat -- threat we will

receive not classify it as copycat or frank call. we will respond in full and investigate it. any call that is made -- any fake call, any call that is made to take out resources at a time like this and place them in places where we don't need to be, we will do the full power of the sheriff's office will investigate this and charge anyone accordingly with the maximum charge we possibly could for doing something so horrific. so pathetic. governor scott is going to come up and speak. then you will hear from special agent in charge of the fbi. i will return to the microphone and answer some questions. i think it is noteworthy at our next press conference i will be releasing a timeline based on investigation and video that we captured as to what happened

yesterday. i would like to take you through it in chronological order. we're not ready to do that at this time but when we are we will be back here and we will release that i would like to introduce florida's governor, rick scott. >> thank you, sheriff. i want to thank everybody in the sheriff's department for all their hard work to make sure the, one, this individual is, we have justice and two, to make sure this never happens again. so i think everybody up here is going to say the same thing. we are, our hearts and prayers are with these families. the families that clearly lost a loved one. other families with loved ones still in the hospital. i had the opportunity to visit with some of those families last night. then also we want to make sure this never happens again. the next week, in tallahassee i'm going to sit down with stayed leaders. we'll have a real conversation about two things, how do we make sure when a parent is ready to send their child to school that in florida that parent knows that child is going to be safe?

number two, how do we make sure this individuals with mental illness do not touch a gun? we need to have a real conversation so we have public safety for our schools in this state. i've spoken with the speaker, richard corcoran, senate president joe negron. they're committed to provide resources to have a real conversation about how do we make sure that we have public safety. i want to make sure that my children and my grandchildren, yours, everybody in this state, can wake up and be safe. i'm going to stay here and do everything i can. i know all the state resources are going to do here. the attorney general, everyone will work hard with the sheriff's department, school district, to do everything we can to go forward. but the violence has to stop. we can not lose another child in this country to violence in a school. the, there is many families grieving right now.

we have got to grieve with them, mourn with them, but give them their space. there will be a time to sit down and tell their story but right now as you talk to individuals, and we went through this with the pulse attack, they want their own time to grieve. so i want to thank everybody for the sheriff's department, to the fdle, to the federal government, school district, everything they're doing to keep people save. i want to thank the attorney general for victim advocates coming down here to be helpful. >> good morning. my name is rob lasky, i'm special agent in charge of the miami division of fbi. i want to express my heart felled con con condolences to everyone in the community that suffered from this cowardly act. we continue to support the broward county sheriff's department to give them

resources they need to. fbi received a information come comment made on a youtube channel. the comment simply said i will be a professional school shooter. no other information was included with that comment, which would indicate a time, location, or the true identity of the person who made the comment. the fbi conducted database reviews, checks, but was unable to further identify the person who actually made the comment. again as a native south floridian, my heart goes out to the victims, the families and friends of the entire community. thank you. >> i would like to bring up our superintendent of schools, ron runcie. again, we can't say this enough, every minute of the day is focusing on how we can support our families, our students, and

our staff as we work through this horrific situation. we have provided grief counselors at several locations for our students. two in parkland, two in coral springs, and we are doing everything that we can to make sure that we are supporting our students. we're also providing grief counselors on site for students and staff for west glades middle school which is near here. throughout the district we're providing guidance to all of our schools on how to have conversations with our students on this, this particular topic. i will tell you that students have been reaching out to me, reaching out to staff, probably board members and others saying ing that now that now is the time for this country to have a real conversation on

sensible gun control laws in this country. so our students are asking for that conversation. if we don't get it done in this generation, they will. the second thing i will say the governor alluded to it, the done in the legislative session is real funding for mental health support for our youth and organizations in our community so we provide the right kind of intervention. we should not have disconnected youth wandering around in our communities when we know they need additional support. i've been on the phone with members of the legislature. they will work with the leaders there and the governor to substantially increase the amounts on the table now for mental health services so we can have more counselors, psychologists, case workers in our schools. it is absolutely, absolutely needed. the last thing i would say is

that there have been a lot of inquiries where individuals can provide support. i want to thank everyone in the broward community and around this country for your continued thoughts and prayers, acts of kindness we see minute by minute. there is a gofundme account that has been set up. as we talked about yesterday. there have been a lot of fraudulent type of activity set up out there. so we worked to establish something that is credible. so it's a gofundme account. stoneman douglas fund it is called. that is gofundme, stoneman douglas fund which folks can make contributions. again, please keep our babies, our families, this entire community in your prayers as we go through this healing process. it is going to take quite a while for us to be able to deal with this but we're going to do everything we can every day, greatest amount of flexibility

we can to make sure we're supporting our families. again i want to thank our law enforcement agencies, sheriff israel, the fbi, the first-responders they have been -- and i want to acknowledge some heroes been in our schools. we had an athletic director, campus monitor, who responded immediately when there was signs of trouble in the school. unfortunately those two heroes gave their lives for our kid and prevented it being a worse tragedy today. we need to acknowledge our heros in our school every single day. our teachers, educators, not only insuring that our kids are learning and developing skills they need to have a bright future. love them, treat them if they are their own children. put their lives on the line every sing fell day. that is another thing we need to do. how we better compensate teachers -- not just give lip service to the quality of work that they provide. thank you.

>> as i said yesterday, when our attorney general, pam bondi, found out about this tragedy, having dealt with the pulse nightclub, having a lot of expertise in this area unfortunately, she got on a plane and got down here within hours and helped a lot of our families out. i would like to bring her up here to tell about some of the great things they're doing to try to help our families in parkland. >> thank you, sheriff. thank you, governor. and thank you special agent lasky. last night there were two scenes going on. one at the actual crime scene and broward sheriff's office and fbi, they were second to none. they were unbelievable, what they did. that crime scene from a prosecution point of view was meticulously detailed, processed. it took as long as needed to take to make sure it was thoroughly processed and accurately

the other seen was at the hotel where we were with family members. the fbi advocates and my advocates a child, some 14 years old, dead, one of the hardest things you have to do in your career. these parents, tremendous families, are grieving, please respect their privacy. we were there until 3:30 in the morning with these families. many of them had siblings in the school who survived and a brother or sister did not. that was extremely project. we are praying for these families, we will continue to pray for these families and justice is done for the one to who brutally murdered these students. my job will to help the victims and families. we got to all the victims who

have lost loved ones, to pay for their funeral expenses. if you are in the hospital with your families we will be coming to you today to help you to make sure we help with your hospital bills, we will be on scene with fbi and superintendent who has done a great job. our advocates will provide counseling. what we saw in las vegas, people, who we don't think were impacted, were impacted. we will provide counseling for all of them. i was there at 2:00 am and they are pulling bad websites up constantly, monitoring everything. one of the top people at gofundme, new a victim. that is how far reach searching this is. there is one unified side so don't be afraid to give to

gofundme. i cannot thank you for your support. we have been on the phone constantly. he was he is a second this happened, i can't thank you, the sheriff's office enough. this is what you don't see around the country, teamwork. that is what happens in florida and that is what makes us very special. >> i would like to thank congressman ted go each from coming down from washington dc elected officials from around the county. my message to the community, to broward county, is simple. your elected officials, your commissioners, state representatives, state senators, make sure these are people who aren't wearing about millage rate and saving money. this is a time to save lives. we need more law-enforcement, more deputies. this isn't the time to worry

about how if you dollars might be saved if we don't have a deputy or police officer here. this is nationwide. we need more heroes, more first responders, not less first responders. i know many states have different terms to help our mentally ill. we pray for our mentally ill, we pray for them to recover. we all know someone or a family affected by someone suffering from mental illness. the baker act allows law enforcement or medical professionals to define a person involuntarily why they get examined and looked at but you have to have a reason, you have to articulate they are a threat to themselves or a threat to someone else, what i'm asking our lawmakers to do, and places like washington dc,

give police the power. if they see something on social media, graphic pictures of rifles and blood and gore and guns and bombs, if they see something, horrific language, person talking about i want to grow up to be a serial killer, we need the power to take that person and bring them before mental health professionals at that particular time involuntarily and have them examined. people are going to be rightfully concerned about their rights as am i. what about the right to these students? what about the rights of young kids who go to school with bookbags and pencils, don't they have the right to be protected by the united states government to the best of our ability? that is what we will be doing. questions? >> i don't know about the incident or what his

performance was. i know aaron personally, i coached with him. my two boys played for him. i don't know when aaron's funeral is or how many adults will go but you will have 2000 kids there, the kids in this community loved him, adored him, one of the greatest people i knew, phenomenal man and i don't know the specifics yet but when aaron sites, when aaron fights, tragically, inhumanely, he did it protecting others. you can guarantee that. >> talk about the conditions of those injured, what is the extent of their injuries? >> we are fortunate to have doctors who worked so tirelessly and saved so many lives yesterday so we are going to bring up one of our doctors to speak about those questions and ask those questions. >> was he baker acted?

>> good afternoon. the director and chairman of the department of emergency medicine at broward health north and also have our colleagues from broward health and the three of us collectively hopefully could answer some of those questions. for starters, just because you are medical professional doesn't mean we are numb to the emotion then we send our sympathy to all the families involved. the worst thing as a parent if your kid doesn't come home from school that day. hits home pretty hard and we sympathize for that. and unfortunately we do drills for this. nine months ago we did a drill at our facility specifically for an active shooter. when it becomes a live event, working seamlessly with fire

rescue to ensure patient safety. i want to commend the hospital personnel for all their efforts and the efforts broward health and coral springs medical center got a couple patients as well. specifically to broward health north, i will turn it over to doctor menendez, broward health north, total of 9 patients is one with a suspect, three were released, two patients deceased, two patients have been discharged. we currently have three patients in the hospital, one with an extra many ruins working with physical therapy. another patient who is intubated after penetrating trauma to the chest but doing well in following commands and a third patient that remains intubated in critical condition. doctor menendez. >> director of the emergency department.

yesterday we took care of this patient, we are a facility. right now we have two patients in critical stable condition. the other five on their way home in good condition was the other two instable condition, dealing with them. if you have any questions about those we can answer them. >> thank you. >> broward health medical center. this is becoming routine for us, the second such episode we have had in a year. first thing i want to say, this second time around just like the first time around the first response did a terrific job. for those who understand what we do with trauma, time is of the essence and the delivery of those patients was fantastic and made a huge difference in

the outcomes. we had received 7 patients, the discharge last night, we got one that was in good condition that went to surgery and two more stable patients that require surgery, still some left in the hospital. we hope to send down two of them today but we expect a full recovery. i will take any questions. >> are you prepared to tell us about comments, the same person you comment for? >> we do not know if it is the same person. our database checks could not identify him, the information we are looking at again, i am not willing to say at this

time. >> someone was specifically targeted that started all this? >> not at this time but that is a possibility. the fbi, florida department of law enforcement and the sheriff's office working to interview as many people as we can, down the road we uncover this information but at that time it is no more than a possibility. >> don't know how he got here? >> we do know about that and at our next press conference, a timeline, videotapes, matchup video with real-time information and disseminate that. >> what did you receive? about how -- understanding this. >> we are not going to release that until later today if we do

at all today. investigators are trying to track down the history, we believe we know where the weapon was purchased, where the weapon came from but that is being piece together. that is something we will discuss at the appropriate time. >> this tragic shooting, what can you tell the people of broward county? >> i talk about this all the time. it is not a term. it is the way we have to live our lives in circuit 2018. if we see something we need to say something. that neighbor comes home at 4:00 and a grocery bag, milk and eggs sticking out in the last few fridays they come to a different arrangement with bullet in the bag on fridays, that is a change of behavior, something we need to know about. one community member could do more in a one minute phone call and law enforcement could do in

a period of months. if you know anybody you will say this raises a red flag. i was thinking of calling, don't about calling, call us, call the fbi, call the department of law enforcement, call the sheriff's office. if there is something in your gut that is not right with this person, this person has the capability to do this or that don't remain silent. >> know about this problem all the way back, and area record, radar, known him for years already. >> as a school district, we

have to protect the privacy of our students. i can't go into much detail about the students record and personal information. i will tell you he was a former student, because of issues that arose here he was transferred to another school in the county. >> what was it? >> >> i'm not privileged to provide that information at the moment but a student we have been providing support for and recognize challenges. i can't get into it was as far as the student coming on campus, this particular individual came on campus at the time of this dismissal and that is a fairly open time for the campus and he entered the facility at that moment. >> a disciplinary records and

rehabilitation, he was out there. >> let me say this. when we have students in our care, we provide the services we can provide. this is bigger than the school system, our kids are out of our schools two thirds of the time. we need a communitywide approach with challenges, mental health concerns so again, we have the best resources to make sure we minimize the occurrence of this happening again because it is not a matter of if, it is going to be when. >> was there a psychological trigger for this event? >> the other staff where everybody talks -- >> there are some still in the

school. right now the focus of the fbi and sheriff's office is on the successful prosecution of this killer. we won't leave any stone unturned. we will process this as quickly as we can. investigators are involved. there is a whole plethora of things. we want to go fast but we won't rush it. we will get it right before we get it fast. >> a conversation -- >> does the school know what concerns you? they were concerned about a smaller system. >> i am sure there is. he wasn't enrolled. there was a process to get hold of teachers, guidance counselors, make anonymous calls to crimestoppers.

somebody who knows something they have to say yes. >> is there a way on campus? >> we had a school resource deputy, deputy peterson, he was on campus and he was armed. he never encountered anything i could tell you definitively, he never encountered nikolas cruz. >> you have a real conversation about how to prevent this? does that real conversation include gun-control? is that something you will look into? >> when i had this conversation with state leaders, i want to focus on school safety. that will focus on dollars, mental health, dollars, the things we can do with regard to school safety and on top of that, if somebody is mentally ill they should not have access to a gun. i want to focus on those things. i have spoken to the speaker of

the house, the student president, they will have this conversation about school safety. all of us have children or grandchildren, none of us want this to happen again. i should have said something in spanish earlier. [speaking spanish] >> focus on mentally ill, this diagnosis. >> it is a pretty good assumption to start out with. >> thank you. can you forecast for is the conversation you plan to have with lawmakers, how will it be

different from the last finish? >> let's remember this. this was a terrorist attack and after pulse, i asked for money, more counterterrorism experts in the part of law enforcement, we did that, added 46 additional counterterrorism experts, we did that. what we have to about it all our schools have to be safe, as simple as that. how do we do that? it will be funding for security, mental illness, counselors, things like that and we have to say to ourselves, if somebody is ill they can't have access to a gun. i am open to having a conversation about things. i don't want my grand children and your grandchildren to go through this. i need to teach you -- that is

not the society we want to live in. >> out here today i am flanked by many school board members, elected officials on the school board, and a host of others. we appreciate them being here and make sure they are part of the conversation too, they care about this community. glad to see them here today. we are not going to release anything. >> do you see something? your agency, information about the suspect. >> if he legally owns a gun we couldn't do anything about arresting him for having a gun because you used the word legally but we could follow up, we could visit him. whether he legally owns a gun or not if a red flag goes up

and something not right with this person has a propensity to do such a horrific act, police all over this nation need to be empowered to take that person and medically deliver him to a medical facility. thank you for your time. we will be back in an hour. >> our optics one of those? stuart: the press conference is over. we heard from governor rick scott, florida's governor. the main point he made was he is going to be holding conversations as he put it in the main point is he wants to make sure people with mental illness do not get a gun. we heard from the fbi agent in charge and he reported on a youto comment made last year talking about a professional school shooter. the fbi agent said despite intense investigations they

were not willing to say the person who posted that message was this young man, nikolas cruz. we heard from the police chief. he wants more power given to the police force to intervene when they see violent threats on social media. that was the gist of the press conference we just heard. moments from now donald trump will address the nation onset deadly school shooting. this is the day after and the shock clearly lingers. despite clear warning signals, he had a history of mental instability, disturbing social media posts and an obsession with guns. he also had a legally purchased rifle and that is what he used on his killing spree. here we are again. it has happened again. why and what are we going to do now? joining us from the white house blake berman. any idea what the president is going to say? >> the president has been waiting for this press conference to wrap up.

we expect him in the diplomatic room at the white house, we do not know exactly what he is going to say but there is a guideline to this because it was just 136 days ago at the white house that the president addressed the nation after a mass shooting. that was las vegas. the president spoke for some 5 plus minutes. he called for unity, prayer, praised law enforcement and praise for responders, you will hear more from the president today. as for his schedule after the speech there are no public events, just one official meeting, coincidentally he was scheduled to go to florida tomorrow for an infrastructure event and spend the weekend in the south florida area. unclear at this time if donald trump will make a short trip from the south florida area. we await the president here. stuart: thanks very much indeed. the conversation all morning

has been surrounding the idea out to ensure the safety of our schools in light of this dreadful series of school shootings. betsy mccoy is with us, former lieutenant governor of the state of new york. that is the question. how do we assure the safety of our schools and i believe you want armed guards in every one of them. >> the shooter shot 25 times, killed 17 and wounded 12. we went to the guns out of the hand of mentally all but we also want to ensure that our children are safe. we have armed guards at banks, we have armed guards and jewelry stores with our kids are more important than the money and jewelry, we should have armed guards that schools as well. we heard there was armed personnel but where was he? stuart: the president of the united states. >> my fellow americans, today i speak to a nation in grief.

yesterday, the school filled with innocent children and caring teachers became the scene of terrible violence, hatred and evil. around 2:30 yesterday afternoon police responded to reports of gunfire at parkland florida. great and safe community. there, a shooter who is now in custody opened fire on defenseless students and teachers. he murdered 17 people and badly wounded at least 14 others. our entire nation, with one heavy heart, is praying for the

victims and their families. to every parent, teacher and child who is hurting so badly, we are here for you, whatever you need, whatever we can do, to ease your pain. we are all joined together as one american family and your suffering is our burden also. no child, no teacher should be in danger in an american school. no parent should ever have to fear for their sons and daughters when they kiss them goodbye in the morning. each person who was stolen from us yesterday had a full life ahead of them, a life filled with wondrous beauty and

unlimited potential and promise, each one had dreams to pursue, love to give, talents to share with the world and each one had a family to whom they meant everything in the world. today we mourn for all of those who lost their lives. we comfort the grieving and the wounded. and we hurt for the entire community of parkland, florida, searching for answers. to law enforcement, first responders and teachers who responded so bravely in the face of danger, we thank you for your courage. soon after the shooting i spoke with governor scott to convey our deepest sympathies to the people of florida and our

determination to assist in any way we can. i also spoke with florida attorney general pam bondi, broward county sheriff scott is real. making plans to visit parkland to meet with families and local officials and to continue coordinating the federal response. in these moments of heartache and darkness we hold onto god's word in scripture. i heard your prayer and seen your tears, i will heal you, we trust in that promise and we hold fast to our fellow americans in their time of sorrow. i want to speak directly to america's children especially those who feel lost, alone, confused or even scared. i want you to know you are never alone and you never will

be. you have people who care about you, who love you, and who will do anything at all to protect you. if you need help, turn to a teacher, a family member, a local police officer or a faith leader. answer hate with love, answer cruelty with kindness. we must also work together to create a culture in our country that embraces the dignity of life that creates a deep and meaningful human connections and turns classmates and colleagues into friends and neighbors. our administration is working closely with local authorities to investigate the shooting and learn everything we can. we are committed to working with state and local leaders to

help secure our schools and tackle the difficult issue of mental health, later this month i will be meeting with the nation's governors and attorney generals, we are making our schools and our children safer, will be our top priority. it is not enough to simply take actions that make us feel like we are making a difference. we must actually make that difference. in times of tragedy the bonds that sustain us are those of family, faith, community and country. these bonds are stronger than the forces of hatred and evil, these bonds go even stronger in the hours of our greatest need. so always but especially today, let us hold our loved ones close, let us pray for healing

and for peace, let us come together as one nation to wipe away the tears and strive for a much better tomorrow. thank you and god bless you all, thank you very much. >> why does this keep happening to america? will you do something about guns? stuart: a grieving and comforting donald trump described the florida shooting as a scene of evil. he says we are here for you, whatever you need to ease your pain, we are one american family. he quoted scripture, said god said i will heal you. he addressed children directly, he says you are never alone and you never will be. he pledged to tackle mental health.

a grieving and comforting and sober toned presentation by the president of the united states. comforting indeed. we are joined by betsy mccoy, ash is with me, judge andrew napolitano joins us on the phone. with us in dc. welcome to the program on a very difficult day. your judgment on the president moments ago. >> he was reaganesque, touched all the right points. can't reverse history but he can wrap his arms around those who are grieving and pledge to assuage their grief and put in place structures to prevent or deter this in the future. and in terms of quality of the

speech, the tone of the speech, timeliness of the speech, superb and very moving. stuart: it has been a long time. in the aftermath of the shooting, i have not heard any public official, i'm addressing this still is, ash, i have not heard of any public official bring up spiritual life but the president just did. he quoted scripture, he says god said i will heal you. we don't often hear that from a public official. dan henninger with me, i have not heard that before. >> we haven't and you put your finger on something, don't you think we should hear a little bit more of that, maybe a lot more than that, we are talking about the difference between right and wrong and go back 40 or so years, 1950s, 1960s, habit went into decline over

the last 30 years or so, many children growing up who have virtually no contact whatsoever with the structure of religion for attend mass. it sounds obvious to say something like this but when you have kids, most of them are good kids obviously but they have no spiritual or moral structure to function other than what they get in school, schools don't do that sort of thing. even public schools. i think i completely agree with you, that would be a wonderful place to start. stuart: we often hear from public officials and we expect to hear a solution, a new policy to deal with this. that is not what the president did. he is not looking for new policy. he wants to deal with is in a different fashion. and have teachers embrace their students, students look to their teachers for guidance.

very different answer. liz: talking about a cultural change. personally i do come, raised catholic, spiritual or religious background, not a practicing one now really, i fell off even though it is lent, that is very good, those points but there are other things as a practical matter some states are doing worth pointing out. it is called extreme risk protection orders, a new trend going on, california, connecticut, oregon and washington doing it now. it says to police officer or family member if an individual is a risk to themselves or somebody else you can get a judge's court order to take the gun away from them temporarily until you can prove they are no longer a risk. this seems to be a trend taking hold across the country. >> connecticut is interested in this in the aftermath of the

tragic newtown connecticut school shooting. but i want to get back to this point. this president represents a large number of americans. he was elected by a majority of churchgoing americans, 88% of evangelicals but the vast majority of catholics voted for him as well. when he brings into a tragic moment like this, face, spirituality, recourse to a higher being that is what americans expect of him, they want more of that in their public figures, that is why they elected him. we when i will turn to a question we posed earlier on this program first thing this morning and that is whatever restraints the law imposes on

unstable people getting a gun, those restraints are not working. judge andrew napolitano. we may differ on this but what do you say? what do we need to do to make sure unstable, mentally unstable people do not get a gun? judge napolitano: impossible. you can't keep a lunatic from wanting to kill somebody, can't keep a person from wanting to get a gun who is determined to get one no matter what laws you break was the only way to stop it is superior firepower, these things always end when police arrived and either shoot or threaten to shoot. that should happen sooner rather than later. i have been advocating the israeli model, security guards as betsy suggested don't look like security guards because they are teachers who have been trained and practice every weekend silently, stealthily, not ostentatiously, carry a gun. how many killings have they had in his real? 0. that is the model we have to go to. the police can't get there fast enough and a crazy person is not going to obey the law. stuart: maybe it is my british

background coming out but i have reservations about arming teachers in hundreds of thousands of schools in america. i have to draw back at that. that is a horrific hot. it may be a partially practical solution but i have to draw back from it. >> we have the same conversation after terrorist attacks, people i defense was, terrorist going, start shooting, nobody shooting back. i agree with the idea we ought to have a situation where it is possible for someone to start shooting back and that means a designated security officer inside a school but i don't want to leave this issue of crazy people, mentally of people. remember the virginia tech shooting, there was a mentally all students and we have been talking for years about intervening with these people when you season becoming violent and nothing comes of it

and here we are again with another mentally ill student and no one was monitoring him to figure out if he was taking his medications. there is a whole lobby wandering around the streets unmedicated and a whole lobby out there says no, you can't force individuals to do that, too intrusive, they should be able to lead their lives. governor scott is right, we have got to have this -- we have had the conversation, we have to do something about it. stuart: would you go so far -- >> extreme risk protection order. stuart: which is where some states you go to a judge and say this person poses an extreme risk and you can take guns off of them. ashley: whether the sheriff or the police chief was talking about, gives us the power, we know someone acting in an irrational manner like flashing guns and knives or posting it and making threats, let us go into that home and assess the situation, temporarily take the

weapons a way to determine if this person will cause harm to the community. liz: four states with protection orders, california, connecticut, oregon and washington. >> i don't think that will work, you can take the gun away from a crazy person, you will find another way to get one. the fbi is involved and they will get another black eye is if they don't have enough in the past couple weeks because this guy posted on facebook i wanted to become a professional shooter, somebody saw that and reported it to the fbi and the fbi introduced the person who reported it but never interviewed the kid who actually posted it. stuart: got to move on, michael, broward county commissioner, joining us on the phone. you were the mayor of parkland. conversation this morning has largely been around how do you keep a gun out of the hands of mentally unstable people. how do you do that?

>> i'm the broward county commissioner, mayor of the city until a year and a half ago. i have three children, two graduated, my daughter left just before the incident so this is very personal personal issue to me as well as a professional issue and we need to do a better job making sure people that don't, shouldn't have guns don't have them. this is an affluent school, considered a high level school. one of the safest cities in south florida. there is a police officer on site at the school all the time. we need to do a better job making sure people mentally ill or have issues aren't able to get in with a gun. stuart: that implies a more active intervention policy. for example there are four states where a therapist can warn the authorities and the

police can then go and take the gun away from that mentally unstable person. would you favor that in florida? >> i would like to see something like that. i get that everyone has a certain level of rights but what about the rights of these innocent children walking into school with a backpack and bookbag and just going and looking to learn and be safe, what about their rights? i would encourage us to do more, a level of screening and keeping dangerous weapons out of hands of people that don't need to have them. >> police chief wanted the police to have more power to intervene when it is clear there was a violent rent posted on social media. i take it you would agree with that. >> i would. i heard anecdotally since this happened the other students from the community, people had

seen different social media threats or postings and that could have helped to prevent. not saying they can stop everything but let's give them a better chance if they need to to make an intervention if possible. stuart: we thank you very much for being with us on a difficult day for you and the country. betsy mccoy, we have to have a conversation, got to have a conversation, we had the conversation. i judge the mood of the country, maybe i'm not a good judge of the mood of the country but i think this is it. we now have to do something was the conversation has been had. do something. >> these are not mutually exclusive remedies. i hear the discussion of making law enforcement or effective keeping guns out of the hands of crazy people, wonderful, in time, we can't afford even one

lapse is we also have to improve school security. stuart: that means armed guards. >> the shooter shot 25 times, an armed guard was able to get to him the first three or four shots would have saved many lives. >> four, five, six people that even with security guard, right? >> they are not mutually exclusive solutions. >> we never lived in a country where you had people constantly exploding like this and going to icicles and shooting them so we should try to want to get to the point reducing the incidents of this sort of thing of kids getting it into their head the my goal in life is i am a professional high school geller. stuart: joining us now, a republican from indiana, welcome to the program. the conversation this morning has been largely, from the florida governor as well, how

do you keep guns out of the hands of mentally unstable people? any idea? >> the question is who judges someone to be mentally unstable and we have inalienable rights in this country and what is the right to life and the right to defend ourselves. agenda napolitano is right, you won't be able to stop a lunatic wanting to kill somebody. we can have better security in schools, we may be able to have stronger laws when you make a threat winters in person or through cyber, that has to be explored and definitely given more -- we had a summit in indiana, brought school leaders together and discussed what needed to be done and they said don't get rid of sros. that means school resource

officers. don't know what the situation is in florida, we are still gathering those facts but sros, school resource officers are the key. stuart: do you flat-out support the idea of arming teachers? do you support armed guards at every public school in america? >> whatever the optics of that are, needs to be decided at the local level, number 2, i like -- i believe in the tenet judge and a napolitano was articulating was the only thing that stops us is superior firepower. what that looks like is very important and if what works in israel can work in america so be it. stuart: are you not a little worried when talking about superior firepower in our schools and turning them into fortresses with armed guards? that is not where we want to go. >> the optics do matter but

school safety needs to be paramount. we have an inalienable right to defend ourselves in the constitution. i won't do anything that hinders that but we have to make sure we don't have a distraction to learning either. to the extent these guards become a distraction to learning would be advisor feasible but there are ways not only to give law enforcement or power to make crimes out of threats, but also better secure our schools, not just with sros though that is a key element, school resource officers but also using technology at the southern border. >> should we break the privacy rule, and his or her patient. should a therapist had to turn around and say this person is a threat to society. warn the police and the police go visit that person and maybe take the guns away. >> we need to look at that. we had the conversation but we

haven't had that conversation. we have to be very careful of judging someone else mentally unstable because that is a slippery slope, got to be careful about it and we shouldn't make calls like that in times of the motion like we are now. stuart: but are we at that point? i believe america is now saying this is enough. we don't want any more of this. >> it should be looked at but the key is to get that call? stuart: difficult day but we appreciate your input. >> i would like to talk about the crumbs act, appreciate you paying attention. stuart: i promise you will be back to talk about the crumbs act as you put it and we will do that. thank you very much. any comment? >> not all crazy people go to a therapist, that is a very metropolitan concept in many parts of the united states. people have severe mental

disorders and never see a therapist. rely on a therapist would hardly be sufficient. stuart: aren't you worried about armed guards everywhere? >> i'm not worried about having effective security, putting armed guards, that doesn't mean arming all the teachers, some of them have problems too, i that. we do want armed security, i have three grandchildren and i want to make sure they are safe when they go to school. ashley: i can't even believe we are at this stage. anything to save a life and in today's world having someone who can respond quickly before reinforcements can get there to save lives, if we can do it we probably should. >> what we need in his words, a culture of the dignity of life. presumably we don't have that and i would like to see a big conversation directed at creating a culture that recognizes the dignity of life whether it is children or

adults or people beating up on each other, movies, television, programs, television series, people tell me you got to watch this series on netflix which i turn it on and this is so gory and body i can't possibly watch it. they are very popular. stuart: been there myself, exactly right. >> i know what you are feeling. senator bill nelson of florida, democrat, said the way this shooter planned it, you talked about this too, before school closing time, according to senator nelson, wearing a gas mask, went up to the fire alarm and pulled it and knew he was going to create pandemonium to shoot as many individuals as he could. half of the states do have mandates for active school shooting drills. that is the key. how do you do it when he is doing something like that. stuart: bret baer from washington dc, you and i and

everyone else watching and listening to the president, one thing he said got our attention which is he quoted scripture. god said i will heal you. around this table we have not heard public officials bring in spirituality before. did that strike you as different, unusual and welcome? >> the president, this president has used scripture before in moments of comfort and being consoler in chief, the president of done it. i remember resident obama in arizona citing scripture. the message is about changing the culture, dealing with not only the mental health issue but how kids grow up in today's society. the gun part is a part of this. the point i was making earlier

today on the air was after las vegas we had all this impetus to do something on all sides and exactly 0 happened on capitol hill. i don't know whether this is going to change that, but it seems like this president on the mental health side perhaps on the school security side is starting to get active on that. stuart: to follow up on your point, this is my judgment, america is at that point where we want something done. not just anything but we want to focus on this because we saw it again. it happened again. the shock to america's system is profound. we are at that point. >> 100%. there is a visceral frustration that we as a country are dealing with this so many times just in this year in school

shootings. you are talking about something you averaged out to once a week. let alone what we see in cities like chicago and the shootings there and all of the violence we have seen not far from here, baltimore, these school shootings are endemic, chronic in our country and there has to be some effort for a prescription, what that is and what it looks like and how it is structured, a lot of the vague but we have smart people in this country, there should be a way to get to an answer. stuart: nancy pelosi earlier this morning said if she would rather lose, she would rather pass gun safety, gun safety legislation, gun safety legislation than win the election.

>> she is always talking about the power of the nra. the minority leader is right. the nra has tremendous power in this city. they have elected a lot of lawmakers and they have a lot up on capitol hill, a lot of power. a solution that involves guns would have to involve the nra at the table and one would think there are lawmakers who could cobble together something that the nra is part of that is a piece of legislation that could get through. this is pie-in-the-sky right now because every time we look at capitol hill to do something there hasn't been anything done. >> the states can do a lot, they have very broad police power meaning they can pass laws to improve school safety, they don't need the politicians on capitol hill. >> governor rick scott said this very thing, at the state

legislature, he wants to talk about school safety and access to guns for mentally ill people. that could be something to deal with. stuart: isn't that at the center of this event? how to keep people who have a mental disorder, they are unstable, how do you keep them away from guns. isn't that the argument that we are talking about? >> that is this one, the heart of many of these shootings and what the system looks like, what are the triggers, the flags, the red flags authorities could follow up on and then you get into another battle, not the gun side but the aclu side, the privacy side, screening social media and where do those red flags come from. it is a complex issue but as a country as i said there is a visceral frustration we have

dealt with. stuart: do you break a confidentiality principle between therapist and patient? put the onus on the therapist to say this person is dangerous, alert the police, check this person out, take their guns, that is what we are talking about. >> it is very controversial on one side, but a lot of communities say it is necessary. after sending children to school not knowing what their school has set up as far as security. stuart: one question would be at which point do you make that intervention because it is well known, there's a lot of mental and personal anxiety among students of high school and college age, percentage of college students going to mental health clinics because of anxiety or they are depressed is off the charts. you are talking about a

therapist, like the virginia tech shooter, demonstrably recognizes this person is out of control, not taking his meds, acting violently, and what point does the therapist report this to someone else in a position of authority? stuart: what is the intervention point? ashley: it is a slippery slope and legal liability is huge. stuart: thanks for joining us, appreciate it. we thank you very much indeed. we will take a short break and look back, i am sorry but i have to digress away from this extremely difficult subject, a nation that is in morning frankly, the dow jones industrial average is up 200 at the open, then it went down 100 and now we are back up 100. scott joins us, wells fargo ceo

global equity strategist. do we go up some more from here? >> a tough day out there, my condolences to the family in florida, from here we talked to our clients, retail investors have been underinvested in a lot of this rally. i would argue when you have a panicky market like we had the last two weeks and the fundamental forward outlook was good which we think is good, might not be great but certainly good. you need to look at some technicals, pick spots on the downside where clients can put some money to work because they certainly have cash. we have been talking to our clients since last tuesday, 200 a support level, 125 day support levels. this has been a very technically traded market, traders are in control, look a little more nimble, execute your plan to step in when you

reach these levels. from here we will continue to be choppy. when the year is over and done with we will probably see 7% to 10% total return in the s&p 500. it will be more volatile. stuart: not sure i understand. 7% to 10% return on the s&p by end of the year? you are telling me the prices on the s&p and dow jones are going to be higher at the end of the year than they are now? >> our target is 2800 to 2900 in the s&p 500, the mid-deca is 2850. we were higher than that before, the selloff. certainly after a great year last year, we think we are going to have a good year this year and we want our clients involved. this tax cut probably attended this expansion by a couple years or something like that so there is no reason to run and

hide. we want them leaning into industrial and consumer discretionary and financials, things that will benefit from a continuation of this and a pickup in growth, gdp numbers, 2.9% this year so that is good. we want our clients in this market. stuart: sounds to me like let the good times roll. >> it is at the tax cut made a huge difference. we need other things, we have a $20 trillion economy, takes a lot to push that ahead. the ball is rolling in the right direction and we have to see if we can get the capital expenditure increases, consumer spending increases that we think we will this year that is going to do that. stuart: thank you very much for joining us. thank you very much. ashley: only time will tell, that famous cliché. stuart: it has been an exceptionally difficult day because america is at the point

saying not again, now we are going to do something, got to deal with that. we dealt with on the program, we heard from who delivered a message of great comfort to people. i keep going back to it. for first time in memory a official come and made a spiritual statement. liz: you pointed out it is time to act. it is beyond time to act. there is no comprehensive database for gun violence and traffic deaths. we have one for traffic accidents. stuart: the question that everyone is asking, will continue to asking how on earth do you get guns out of the hand of mentally-unstable people? how do you get guns out of the house of someone who is mentally unstable but whose parents are perfectly normal people with guns. ashley: no answer. liz: extreme risk protection

orders. stuart: difficult day. nonetheless we weather the storm. the dow industrials are nearly 12 noon now. we're up 76 points. it has been one extraordinary day. time to turn it over to neil cavuto who is willing to take it away, neil. neil: thank you very, very much, stuart. here is what we know. when it comes to one nicolas cruz there is still so much authorities do not know. take a look. >> law law enforcement will do everything we can, the fbi, our sells, to make sure this person is convicted of all charges. sadly there have been copycat threats made today at other schools. we will respond to every threat. this isn't the time to worry about how many dollars might be saved if we don't have a deputy here or a police officer here. this is nationwide. we need more. what i'm asking our lawmakers to do, go back to places like