[laughter] stuart: somebody is in my ear about the war that americans fought to get rid of the royals. i'm determine today -- determined to present neil cavuto with a decent story. neil: we are trying to stay on top of shooting outside of texas. what we can tell you that authorities on the scene say 8 to 10 could -- have been killed in this. another 10 injured, it follows out to the t of chain of events with parkland florida where 17 were killed. connell mcshane has the latest. >> we are trying to monitor and stay up to date, multiple fatalities, the fox affiliate is putting the numbers of at least 8 people being dead but as you have alluded and covering the

stories, the number essential could fluctuate as early reports come in. from local authorities what we have word that they have one person in custody and another detained, at least one of the people is a student of the high school in question outside of houston, it's santa fe, high school, we are going through some of the eyewitness reports. mostly from the students there, one student, for example, told local media, a gunman walked into art class between 7:30 and 7:45 opened fire with what she thought was a shotgun. a second person says a teacher pulled the fire alarm but the school trying to get students out of building, that particular thinks he heard 16 or 17 gunshots. we have a third student saying that this particular school santa fe, usually a several armed school resource officers on the campus, no word on what if any role that may have played this morning. then we have this, take a

listen. >> i heard my friend got shot in art hall. as soon as the alarms wept off, everybody started running outside and next thing you know everybody looks and you hear boom, boom, boom and i just ran as fast as i could. >> president trump addressing the situation moments ago from the white house, federal and local authorities are now coordinating efforts on the ground. we wait for more information to come out of that coordination but we know, neil, that multiple fatalities have been reported at least to fox affiliate at santa fe high school which is southeast of houston. neil: connell, have we gotten any words where they were, i know the assailant or one assailant that there's apprehension of another, did it occur near or after the art class, did it spread from there? >> from the one witness that the shooting took place in art, they were in art, first period, obviously starts early in the

morning 7:30, 7:45 and gunman as the student described the person came into the classroom, she said, and opened fire. so as to where the fatalities and or the injuries took place would be an assumption to say that it took near it. one of the teachers pulled the fire alarms so students rushing out of the school shortly thereafter, very early in the morning as students had just arrived. i'm assuming it was first period is what the art class was that the student reported back to us. neil: indeed, you're right that was first period and that was the class he stormed into. thank you, connell, thank you very much, i look forward to more updates from you. i will let you know where it is, 45 miles south of houston, santa fe community of 12,000 people, the only high school in the area that serves the grater santa fe area, talking about santa fe, texas, of obviously, and again,

this drill which you will hear a lot about sounds similar to what we hear or heard happening in florida in the case of parkland where an alarm was pulled, students flooded out into the halls and a good many were shot and killed in that pandamonium, we are understanding from students that did respond to drill that shortly thereafter they heard gunshots, one reporting to local affiliate down there that as many 16 to 24 shots were heard once assembled out there in about the few minutes from the pulling to have drill and they were all on various fields outside. the latest now in his read of things because sadly only time i get together with bill is when we have strategies -- tragedies is he offers a great perspective as well. bill, former fbi investigator,

what do you make of what info you've got? >> so far, neil, as we know in early moments of incidents, sometimes the facts become contradicted, so we are not too sure right now whether this was a student, was it someone from the outside, was it a personal vendetta. neil: three people identified that that's a student, more others and reports could not identified only that he seemed to be an adult male, go ahead. >> you're looking at the fact pattern, we are not 100 per clear, we need to even our eyes open. if it was an sphrij the -- individual from the outside, maybe they went on awry. access to schools is one thing, access to visitors or something else, if it happens to latter,

something we need to really understand. neil: we don't know if they could search out metal devices, way too early to tell, we don't know what kind of weapon was used. we heard a shotgun. that could be coming from someone, i have no ideas about guns and who could blame them. but having this apprehended police authorities are going to go through whatever social he's been claim to go, right? >> sure. this is a key thing, whether or not scenarios that we discussed here, it's very important to understand were there any information ahead of time that would clue anybody into this, social media that people posted things and information that others now here to say in retrospect they should are reported it. we often call that in our business leakage, leakage of information. it may be bits and pieces and

those people need to be taken special close look at. certainly, when we look back at what happened at parkland and we certainly hope it's not indicative here as authorities did have some early warnings, they had calls, real reason to be concerned about that shooter and action wasn't -- wasn't taken, appropriate action wasn't taken to mitigate the circumstances. again, we don't know. neil: you mentioned the parkland case where i talked to a father who lost his girl in that attack, his son went to the same school but his son immediately told his father this is nikolas cruz, we know this guy. it has to be that guy, others felt the same. i don't know what precipitated the talk or gossip at the time but without even apprehending him then, before he was caught, that seemed to be a conclusion among many students, so we will look for that sort of thing. >> they look for that fact pattern. neil, at the end of the day and you hear many experts speak

about this -- neil: sure. >> in these incidents we have active shooters whether it's in the school place or workplace, you know, training is certainly key. run, hide, fight. these are the key elements to the programs and personal decision what you do in any of the cases, students are given direction, make sure that the direction is given properly and if people are hearing bells go off, they know what they mean, is it a fire drill, emergency exit drill, should there be preannouncement to say this is a drill or to say this is an actual incident if it can be done, those are the things that students are looking for but at the end of the day it is certainly up to any one of us in that situation whether in school, workplace or out in the public space, you need to run or get out of a situation, hide and avoid the shooter coming at you, last-ditch effort.

neil: you can't blame kids if a school alarm goes off especially if it's not preannounced. we have them in the building, there's a practice drill but it's not one that was telegraphed. i can't imagine a lot of kids just thinking, you know, i know what happened in florida, i know what potentially happened here. i don't know. how do you advise it? >> of course, they will obey authority. this is where you're going to go to, assemble on the field outside of the school, we now know that the perpetrators of the horrible crimes know that and they use that to their advantage, their advantage to kill more people whether it's going through hallways as being suggested here or going outside or gather onto a playing field or what have you. neil: by the way, there are report that is the school has checkpoints. i don't know for in fact. one commentator on fox news earlier today mentioning. but if this person was familiar

with the school, that could make a big difference, right, versus going in territory unknown? >> yeah. and it's unfortunate and don't mean to be making generalizations here but in most of the cases it's somebody who is either familiar because they are outside visitors and have somebody who they know works in these environments, school or workplace or whether it's students who have intimate knowledge of how the schools operate and now the ends and outs of those hallways. we very rarely, maybe there are a couple of exceptions, we have seen that here in certainly some of the shootings taking place, very rarely somebody who comes out of the blind who doesn't know anything about it. it's usually someone who has some reason to be there, some connection to it. neil: clearly familiarity. >> some personal issues, personal vendettas, motive, response to something, that's the issue of knowing ahead of time what are those trip wires,

what are the things we need to be listening to, what should students feel comfortable reporting. they may see somebody of their peers acting out and they feel that they are telling on them, you need to know that it's not telling on someone, you have preventing damage or harm of lives. i think someone is misbehaving. exactly. neil: thank you very much, we are getting slightly better idea of tick to be on all of this from what it went down. witnesses describing a shooter firing inside a classroom at this school around 7:40 a.m., that would have been the first period of the day. it was an art class to the point, one student appeared to be injured. a young woman who had her leg either clipped or shot directly. right after that an alarm went off at the school, students, teachers, faculty members, all ran out of the hall, some

jumping over fences, many exiting the school grounds to a nearby car wash, one student identified by usa today saying she hid in auditorium when first shots rang out after this alarm but some of the shootings, the shootings shortly after alarm went off and students were running out of the school. we don't know whether a lot of the shootings occurred inside or outside, early indications are that most of them were inside. we will deep you posted, again, reports are 8 to 10 are dead, another 10 injured, we have talked to one assailant, known assailant, another individual being questioned by the police, parents on the scene, they are trying to find out of the status of their own children, have no idea, we will have more after this. [fbi agent] you're a brave man, mr. stevens.

your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances.

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not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. neil: all right, we are keeping on the development in texas, any new we will pass on. we will pass you along developments in the world of money and numbers including interest rates and now in and out 7-year highs, for example, 10-year treasury, if we can take a look at that, 3.08%, the high

this week, over 3.11%. fact of the matter is it's safe to say we are comfortably at this 3 plus level and mortgage rates the highest they've been since 2011. so we've gone past ultra low mortgage rates to just well, still really low mortgage rates, what to make of that and what the implications can be for stocks today, so far not much, but let's get the read from charlie gasparino and dagen mcdowell. dagen, what are you hearing? dagen: we are in two year's in to very long bond market, if you own treasuries and hold them for a long time, you will get paid back, but, again, losses, and you're going to have a long period where interest rates go higher and yields go higher. if you look back, we have enjoyed 35, going to 2-year anniversary on the low of 10-year yield. you go back two years this july, 1.36% on the 10-year. neil: you talk about a bull

market that existed for better part of a decade? dagen: longer than that, 35-year bull market in treasury. high was 1981 at nearly 15%, but before that 35 years, you had yields going up from 1946, so that's the kind of cycle. >> i would not look at it as 35-year cycle. well, then jim grant lost a lot of money during those years. neil: you could do no wrong, now, all of a sudden do you fear that you could -- i don't see going above 3%. >> i'm sure there was a bull market in stocks starting if you want to chart it out from 1950 to now. you lost a lot of money in between there. i think that's the problem with looking at it long term. you to look at it in my view the next three years, do you really think over the next 3 years we are going to have economic expansion and if we do,

generally inflation goes up, that's bad for -- that's bad for bonds. now here is the sort -- neil: you have to admit that the rates are unrealistically low? >> because of the fed. here is the sort of thing that i'm trying to grapple with, let's just say the tax cuts didn't work, right? theoretically we will get subpar economic growth and the deficit will blow out, prices go down, you can have a bear market and bonds going if we do have a huge deficit problem with the tax cuts, that's one of the things -- neil: understood. dagen: here is where washington screwed up. it's not the tax cuts and the tax reform, it is the stupid omnibus spending bill which now takes us to 1 trillion-dollar annual budget deficit at a time -- we talk about what the

federal reserve is going to do with short-term interest rates, worry about them reducing balance sheet. they are going to be reducing their balance sheet, the treasuries and the mortgage securities. neil: more notes and bonds on the market. dagen: not the buyer standing by to basically soak up the additional supply from our government. they're going to reduce balance sheet this year by $420 billion. neil: what do you say that will lead interest rates higher? >> not -- listen, here -- dagen: we do not know how high the long-term interest rates -- neil niewl i do want you to make your point. i do know they run realistically throw begin with. we knew that was unnatural, historical norm even then was about 3 and a half to 4%, actually close to 5%. so just to get back to historical norms we would have to go a lot higher regardless of economic. >> here is where i worry and,

yes, the tax cut is a big player and you shouldn't discount that, if the corporate tax -- if -- they didn't do individual tax cut, decent individual tax cut in consumption driven. neil: you are not going to complain. >> even if you're in texas you didn't get that big of a tax cut, i don't think what anybody says, look at the numbers. they do mostly buybacks and they don't expand the economy, productivity doesn't expand. you will have massive debt. neil: you're very smart but my hair is hurting. >> really? bond prices move in opposite direction. neil: how much do you think they rise? >> depends -- neil: on 10-year using as benchmark. >> watch the deficit numbers. if this tax cut works, it'll be fun. neil: it's not going to be the end of the world. i don't know. dagen: i say 4 by the end of the

year. neil: by the end of the year, okay, all right. niem saying 5. dagen: there has been so much money and unprecedented monetary policy pump intoed the system over the last decade, when you start removing nobody knows -- neil: but you are seeing rates go higher. so are you. >> i don't think it's that big a deal just yet. neil: will you do segment on it? >> if the tax cuts pay for themselves i think that's long-term rates rising. neil: what do you think? dagen: 35-bear market, we are 2 years in. neil: learned that increasing the deficit between the two countries they left that off and officially left it off today s navarro part of these discussions? >> no, maybe of last minute.

neil: who is? >> mnuchin and his team. lighthizer would be in. i don't agree with all the theories and everything. the white house went out yesterday and my good friend larry kudlow blew smoke to us. he wasn't part of the meeting. dagen: steel and aluminum tariffs, that was navarro idea, right, and wilbur ross. they had to sell that. navarro going on the air and quizzing me about how much a 6-pack of beer would go up without me even being on micked up and wilbur ross and cans of soup. that embarrassed the president and if it didn't, it should have. >> wilbur is still part of these

talks. dagen: that was tone deaf and embarrassing to the american people. >> here is what more embarrassing, you have a president that literally thinks he should have trade policy, deried by two opposite of the spectrum, you have wilbur ross and navarro still kind of there. you mnuchin. neil: they're not close to resolving this? >> no, i don't think so. dagen: we stirred up a hornet's nest and now we are trying -- neil: you're so good in the morning. i'm here very early, you are always so cheerful but i understand your rage because so many in the administration ignore you, navarro doesn't talk to you and what's his name -- >> kudlow. dagen: can i say one thing. my rage is in how their policy ideas are so bad and --

neil: i'm glad you tell people that. just so you know -- dagen: we don't want to be a mer of a club that have us. i don't want to know any of those people. i would rather sit back and watch the crazy roll out. >> i will say this u navarro is maybe crazy but he has turned the debate in many ways around on china. in the past, people would say, we can't mess with china. now people are -- dagen: he talks about that -- trump talks about that on the campaign trail. >> guess who informed him on it, peter navarro, no offense. i'm telling you. neil: you're in his corner. >> he's italian. dagen: well, that's dagen. more reports coming out of texas, the texas governor is suppose today address the press in an hour and a half, in case you tuned in, another school

shooting. might have been possible explosive devices found. whether it's just at the school or assailant's home, they are not distinguishing here. it's happened again and the ringing and the debate over what we do now is on again. we will have more after this ...

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on how xarelto® compares in reducing the risk of stroke. don't stop taking xarelto® without talking to your doctor, as this may increase your risk of stroke. while taking, you may bruise more easily neil: all right, the sheriff and local authorities right now in texas are briefing us on this tragic school shooting today let's listen. >> one santa fe isd police officer that has been shot. we have one suspect in custody and one person of interest detained. anyone with information regarding this event is asked to contact our santa fe isd command center at area code 409-927-3310 we can confirm multiple fatalit ies believed to be fewer than 10 at this time. we will not release any other information until we have a confirmed number. injured students and staff have been transported to area hospitals.

any parents and family members can go to the alamo gym which is located at 13306 state highway 6 for any additional information regarding their student. our primary focus at this point in the investigation has been to secure the schools and evacuate all the students to the evacuation relocation facility. there are multiple agencies on site to support our district and our commanding such as the fbi, the atf, texas department of public safety and other area law enforcement agencies and first responders. there have been explosive devices found in the high school , and surrounding areas adjacent to the high school. because of the threat of these explosive items, community members should be on the lookout for any suspicious items

, and anything that looks out of place. do not touch any items that look out of place and immediately call 911, so that the appropriate authorities can respond. and our thoughts and prayers go out to our students, staff, and our community. please pray for sf isd. as the chief of santa fe pd, my thoughts and prayers are with those that are affected by this event this morning. i just want to reiterate that to all community members to keep a vigilant watch around the areas that you know your neighborhoods for any suspicious items that you may see and please call 911. there is, like i said, been confirmed reports of explosives found both on the campus and off the campus, so that's our main concern is to keep the community safe, so please make the call if

you see something suspicious and someone will respond to assist. that's all i have. god bless. >> i'm mark henry the county judge of galveston county, texas the chief elected official for galveston county and galveston county is providing all the assistance we can both through galveston county sheriff's office and galveston county district attorney's office to the isd police agency and the city of santa fe. i don't have much else to add. i do want to emphasize this is a tragic also of life this morning first call came in at 7:32 i received my first phone call about 7:45. it has been a difficult scene, difficult time for everyone involved so again, i ask that you pray for the people who have suffered some injury and loss today and i want to emphasize again, i was just informed recently they did find suspect material off dashcam pus so it's not isolated to the high school campus. anything you see that looks suspicious please don't touch it

please call 911. >> and we have mayors of santa fe, we have the retiring mayor jeff tambrella, incoming mayor jason tabor. >> i'm mayor jeff tambrella. i want to thank all of the law enforcement other emergency responders that came so quickly to the aid of the santa fe isd and to our community and i'm asking everyone out there to pray and put their thoughts and prayers into all the people affected and to our community to heal through this situation. thank you. >> i'm mayor jason tabor. police pray for santa fe and if you see anything suspicious call 911 and we appreciate the prayer s and our community is at a loss right now. >> i don't know that we can answer any questions at this point. we're going to go ahead and wrap up. we do expect the governor to be landing at the scene any minute

so we'll be heading back over to the scene and have another press conference in the next couple of hours. >> thank you, guys, thank you. neil: all right, taking no questions but as you can hear there, up to 10 killed in today 's shooting in this high school south of houston, texas. at least 10 injured but the development here the new one is the finding of explosives not only at the high school but in areas in and around the high school. they didn't specify which areas but that of people in the community find to look at something that is unusual, let folks know. that's always such a tricky call like in midtown manhattan when they say if you see something say something so almost anything you see would warrant saying something but having said that the assailant here behind these killings they have a pretty good idea this is the person behind these killings identified as a white male at this point we don't even have an age on it outside some people earlier reporting an adult white male. no indications former student,

someone who had a beef with someone at the school, no way of knowing but that there are still explosives not only in that high school but around, so obviously that makes it very difficult getting to victims. it also makes it very difficult getting to the bottom of this and who could do such a thing and whether he had any help. the texas attorney general ken p axton joins us on the phone. ken what do you hear yourself? i know you can't share everything but it does parallel very closely to what happened at parkland, florida back in february. what do you think? >> yeah, you're exactly right another obviously horrible situation in texas. we definitely know we've got eight confirmed dead, it's obviously horrific, and there's obviously a suspect, as you said , detained that they're interviewing and we'll see what we find out from him and maybe others. neil: now, do we know whether this shooter had any social media rants or any kind of stuff

that we certainly saw out of nikolas cruz in parkland back in february? >> as you might suspect law enforcement both federal, state and local are looking into that right now and i'm sure within the next couple of hours i'll have some ideas about who this person is and whether they had social media rants or anything on social media. neil: ken do you know whether this school at any security in place or anything like what was the case in florida, where they did have at least one deputy sheriff on duty of course he was outside at the time never went inside upon hearing the shots be that as it may was there anything similar to that here? >> i'm not totally sure, but i think that there might have been at least one school resource officer but that's i can not confirm. neil: i'm reading one account that was in i believe the washington post i think it's washington post that reported students there were familiar with this individual.

do you know anything about that? >> you're saying they were familiar with the suspect? neil: yes. >> no, i do not. i do not know whether that's accurate information. neil: all right another thing that's come up is we know a shot gun was used obviously those in the middle of it could not read ily identify nor have authorities commented on it. do you know anything about that? >> well that's another thing that we i think they do have the weapon obviously in custody since they have the guy detained but we're not commenting on what was used at this point. neil: all right ken paxton, the texas attorney general commenting on this i appreciate you taking the time, sir. we also know that the governor himself will be flying to the scene. he is expected to address reporters i believe about 2:00 p.m. eastern time in about an hour and a half from now. separate i wanted to pass along other news concerning the va. you might recall that we had the whistleblower scott davis here the other day talk about continuing problems at that agency, long wait times for veterans who just want to get

simple care, some of them waiting months if not years, a crisis hot line has seen the waiting time go down but basically some of the same problems that were constant at that agency have remained pretty much the case but the president has apparently chosen to dominate the veteran affairs acting secretary robert wilkey and now the washington post got wind of this quoting the president, i'll be informing him, referring to mr. wilkey, in a little while. he doesn't know this yet but i think he does now. we'll have more after this.

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save up to 15% when you book early jeff and market volatility into retirement. isn't top of mind. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they're less concerned with market volatility and can focus more on the things they're passionate about. talk with your advisor about shield annuities from brighthouse financial- established by metlife. neil: all right, just when you thought none of us really saving for retirement we're all working until we're in our 90s there are new reports that chose a number of 401 (k) millionaires in other words they socked away more than a million dollars that is growing at an all-time high, to

jack howe on how much of a high. what are we looking at here jack >> it was already well over 100,000, 401 (k) millionaires there's been tremendous double-digit increase in the number of them. some of this let's not kid ourselves a lot has to do with market performance the smart has done well but the percentage that people are socking away is climbing so it's not just they're routing market gains people are getting the message they're contributing more money to the 401 (k). neil: who is getting the message i always picture older people when they get closer to to retirement, whose doing it? >> they get it loud and clear but there's increases going on among millennials and we've heard about companies that get you started whether you like it or not with a couple of percent but we're talking about close to 9% is the average amount people put in their 401 (k) so we've been going on forever about how people, i'm sure you have people come to you and say i want to get going and what should i look at i hear about amazon and

netflix. i always tell people do you have a 401 (k) in your company before we talk about anything because that's free money. neil: you're not kidding i always say you should really talk to jack but here is what i also notice is it's free money in a lot of ways the tax treatment and in most cases companies and attributes so right away in a lot of cases, you're making 50% of your money, and then some and it's cumulative. >> i can't show you something where you make 50% on day one guaranteed. sometimes we hear in the news about these exotic taxes setup by very affluent people. this is the working man and woman's tax dodge, totally legal and it's easy and also for someone whose not disciplined really it's an easy way to save because you put it right out of your paycheck. neil: but the millennials, who are doing this are they doing it under duress from bosses who automatically take the money out , some do it to encourage savings or on their own?

>> they seem to be doing the math because they're going out -- neil: good at math? >> going out with a pretty good percentage and some might be looking at social security saying wait a second here with these deficits and i'm not sure that i could count on this thing giving me everything i'm expect ing when i reach retirement i need to think about this and take ownership of my savings here so we're seeing more people contribute more money, we're seeing more of these millionaires and you know, for years we talked about bad news our people aren't prepared for retirement we're starting to see some good news. neil: do any of them get effected by the market volatility in other words the worse it gets or the crazier because this has been an unusual year for that of swings of more than 1% in either direction and they say i'm not going to bother or is a 401 (k) investment generally a massive one because it's automatically taken outset raw? >> everybody gets affected by market volatility. there are too many people out there who underinvest in stocks according to their age.

young people who should be putting a higher percentage in stocks so if you don't know what the percentage is for you, you got to talk to someone and find out and when we have a big shake out in the market people panic about stock just at the wrong moment so just because you have a 401 (k) and it's an automated investment doesn't mean you shouldn't seek out someone to talk to about how that 401 (k) because you're a young person with not much money yet it will be a lot if you stick with it. neil: but nobody can afford to be more aggressive and older workers closer to retirement can but i always argue whatever you decide, again with that company match, again with older workers, with the extra kick-in, the extra 5,000 to kick into keep you going, again, a no-brainer. a no-brainer and just keep in mind the stock market it's not some abstract thing. if it was the s&p 500 it's america's best companies with america's best talent and think about ways to make you more money. this isn't some metal you're

digging out of the ground but smart people you're investing in ultimately. neil: very well said so all you kids listen to what he just said makes sense. time is on your side, for me, i don't know. all right, just to let you know right now the dow is up about 18 points interest rates are right now in and out of seven year highs we're just keeping you up-to-date with what's happening in texas where officials are telling us that at least in the local hospital there, this is about 40 miles south of houston, this high school where there was yet another shooting today. there are three patients being treated there one is in the operating room, we do know of up to 10 who could have been killed , 10 who were injured although there is some reports i'm getting from some newspaper sites here that say there could be more than that. usa today reporting still more explosive devices were found not only at the site but at least a half a dozen areas beyond that site. we will have more after this.

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not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. neil: we are continuing to get updates from doctors on the scene about three being treated at local area hospitals we don't know whether students, teachers adults of any sort. we are getting reports from a cbs affiliate the houston telegram a host of other entities saying that the assailant appears to have been a

17 year old male student. we are not automatically assuming a student at the school but it looks increasingly like that could be the case, a 17- year-old male student who has been apprehended and apparently left explosives not only at the high school but a number of drop points in and around the high school, so that's why authorities are being very careful checking the school, again to bring you up-to-date on this, we know of up to 10 who were killed, at least 10 who were injured, three being treated at least at one area local hospital, one deemed to be in very serious condition. the president himself weighing in on all of this, like burman with the latest there. blake? >> neil just like the images are playing on television screen s all across this country what is happening out of texas that remains the case as well here at the white house as well. president trump just coincidentally happened to have an event here this morning on

prison reform so he was scheduled to make remarks on that event on that topic rather and he hopped off his remarks by addressing what is happening in texas. this was the president from earlier this morning. president trump: we grieve for the terrible loss of life and send our support and love to everyone affected by this absolutely horrific attack to the students, families, teachers , and personnel at santa fe high. we're with you in this tragic hour and we will be with you forever. my administration is determined to do everything in our power to protect our students. >> the white house also passes along, neil, that president trump has spoken with the governor in the state of texas, greg abbott of course one of the questions that will come from all of this down the line as we saw after parkland is what might

this administration and congress do to protect our nation's schools. i should note since i'm standing here at the white house a couple house cleaning items to pass along the president at that same event, neil announced that robert wilkey, the acting secretary at the department of veterans affairs, the president surprising him by saying he will be his va nominee and the president also seemed to suggest he would be meeting with chinese trade officials at the white house today but of course topic number one will be on the president's mind and this administration's mind what is happening in texas an the need to protect our nation's schools. neil? neil: okay, blake thank you very very much for that update. to blake's reporting here, just letting you know as well we are expected to hear from the texas governor abbott who will arrive in the houston area in about an hour from now and then address reporters. again, we are getting few but consistently reliable details concerning the shooter, a 17-

year-old male student others describe him at least entering this art class wearing a trench coat that would be very similar of course to the columbine attacks back in 1995 where the two shooters were wearing trench coats and we're seeing going from room to room and wing to wing in that school at the time in those trench coats killing students, injuring students along the way. again we've not heard this confirmed from other sources but reported from a variety of sources that this 17-year-old male student again the assumption being that he went to that school but there's no way we can confirm or make that leap ourselves, first showed up in this art class a round 7:30 this morning. soon afterwards started shooting he was wearing a trench coat, a nearby teacher pulled an alarm. students flooded into the hallways, many outside, shortly thereafter, the alarm students

heard at least 16-24 shots. most of those shots coming from inside the school. we'll keep you posted. pah! that will never work.

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neil: all right, we're going to give you the details that we have for the moment on this school shooting that occurred earlier this morning in a high school about 40 miles south of houston, texas in santa fe, texas a community of about 12,000 individuals, it's the

only high school in the area, eight to 10 fatalities reported anywhere from 10 to a dozen injured the gunman identified as a male student a 17-year-old male student, no indications whether he was a student at this particular high school and another person has been detained we have separate reports identifying the gunman that's coming into this first period art class this morning where he singled out a young woman as wearing a trench coat and armed with an ar-15 style assault rifle shot gun, pistol, and pipe bomb, so again this is coming from the houston chronicle, so much more we really don't know beyond that again details still sketchy as to the presence of other explosives found in and around the area. christina has more details to fill in. christina? >> thank you, neil. what we know right now is the police chief in santa fe isd said there's been fewer than 10 at this time so right now fewer than 10 victims who have

passed away due to the school shooting in santa fe like you mentioned, there are two people held in custody, one supposed to be the shooter another one person of interest both are male , still no word yet if they are actual students but we no one is a juvenile 17 years old who is the shooter. regarding the injuries though so we have less than 10 who have passed away from this dead because of the school shooting there are three patients brought to the university of texas medical branch in galveston. one male, middle-aged man, whose believed to be a police officer he was the school resource officer, he was shot in the chest and he is in the or going through surgery right now. you also have a 16 year old male brought into the hospital with a gun shot to his leg. you have a middle aged female whose also shot in the leg and she is in the or at the moment. if you're looking at the time line that you see 7:10 a.m. is when school begins the ring ing of the bell takes a

while for students to come into class. the first phone call to the police actually happened around 7:32 a.m. so a little bit earlier than 7:45 but that's when several students started to hear the gun shot and there are reports that the shooter went into the art room at that moment , but there's some student s saying that they didn't hear the gun shots at all in citied they heard an alarm somebody pulled a fire alarm to get people out of the building as soon as possible. the first patient arrived at 8: 12 a.m., this is again the same hospital, the university of texas medical branch, we've been following this closely, we do have a clip from a mother of a student who was there so we can just roll that. >> it's terrifying. she called me and said mom, someone shot in the school and i think i was not far away, turned around and got here as quick as i could, stayed here on the phone with her, told her to stay quiet, stay calm, to breathe, and just waiting and waiting and waiting and finally, they were

leading her out of school. thank god she's okay. >> another very very important aspect of this is that there were explosives in the school and around the surrounding area which is why police have asked to pay attention to any suspicious items, pipe bombs anything like that. none have officially according to what we've heard have gone off all of the injuries of the patients brought to the hospital have been gun shot wounds from what we've heard they said so far the explosives haven't gone off but they are looking around the area asking for help and i'd like to preface that this is the third school shooting in the united states within the last eight days. neil? neil: all right, christina thank you very very much. we're keeping the rest of those developments waiting to hear from the governor of texas whose going to outline what's going on right now and what authorities are learning about the assailant whether he had help, whether someone involved here was indeed a student at that particular

school, so much we don't know but we're passing along what we can and reliably confirm for you in the process, so we'll keep you updated there and also keep you updated on these trade talks in watching between u.s. and top chinese officials, we're already getting word that the chinese are saying dead on arrival to a plan that the united states has been pushing to set clear numerical targets for reducing the trade gap between our two countries. edward lawrence has all the details interest treasury. edward? ed: neil very high stakes going on right here right now the u.s. and china trade delegations are in a lunch break gone back to their respective corners. the session this morning lasted about an hour and 45 minutes and this is the only place you'll see video of vice premier going to his motorcade to the meeting. he would not stop for an interview. now the same group from the american delegation is yesterday greeted the vice premier today at the treasury department. the chinese have been very tight lipped about what they're asking for but i understand they've

also laid out their vision of u.s. trade. >> as the vice premier of china and others, who are here meeting with our trade team to try to hammer out new agreements this president has made very clear when it comes to china, he's following immigration but at the same time he wants fair and reciprocal trade that benefits americans and american workers. now the chinese agreed to drop an anti-dumping probe they were making into u.s. imports of flowers used to feed livestock mainly. that possibly could be a goodwill gesture from the chinese. now the chinese member of the chinese delegation told me today outside the hotel they're optimistic a long term deal could be made but senator chuck a little less optimistic and he tweeted he president saying don't let xi play you trading short term purchases of american goods and giving up on china's theft of american intellectual property is the art of the bad

deal. now neil another issue with trade this week, nafta. the house speaker paul ryan gave or suggested a deadline of this week to pass a revised nafta through this congress. now my sources are telling me actually that it was the u.s. trade representative's office that requested deadline to put pressure on the talks and my sources are saying that congress can actually add days to nafta so for instance they're off for the entire month of august. if congress goes back into session in august they then add a month to the deadline pushing nafta or revised nafta possibly being passed this year back a month but again, having that issue on the table, there might not likely have a deal this year and that's because check out this statement here from the u.s. trade representative robert lighthouser. he says that the nafta countries are nowhere near close to a deal as i said last week, they're gaping differences, on intellectual property, agricultural market access, deminimis levels, energy, labor, rules of origin, geographical

indications and can a did doesn't seem interested in making a deal on nafta and they have no deadlines apparently mexico has the presidential election and the u.s. wants to get a revised nafta done this year. back to you neil. neil: well you covered a lot there young man thank you very very much. edward lawrence outside the treasury with the latest developments, and let's get a read on fox business susan li, former staff to paul ryan, dave, is it your sense that we don't get a nafta deal and it's unlikely we'll get the china stuff in a second that that wouldn't exactly be worthy of a fox news alert. it looked dicey to begin with right and the timing looked dicey right? >> well the original timing that we were given which was yesterday and thursday was the most conservative estimate of timing let's put it that way. there are some other things that can be done. neil: the original timing from yesterday you know that you had to do something yesterday to

reep the calendar and the house to get the process rolling to get a deal done by the end of the legislative year but go ahead. >> correct but that's the most conservative timing available. neil: right. >> and there are actually some days can be put back in by doing other things in the congress so it's not hopeless to get it done by the end of the year; however there is not as much progress by this point as clearly the u.s. trade representatives had hoped to get. this is something that's going to go on for a while and it's very important in a number of ways obviously agriculture there's small businesses which are affected by this so it is not impossible for this year but it's looking more difficult to get it done this year, yes. neil: you know, susan yesterday you had a chance to talk with just in justin trudeau the prime minister of canada and he seemed frustrated with the fact we're at this impasse on the biggest economic powerhouse, behind this three way deal. is he, was he telling you we'll just go along with just mexico? >> well, neil we should take

some credit first of all for that response from the trade representatives, because of our conversation yesterday at the economic club of new york where justin trudeau, the canadian prime minister actually said that there's a good deal on the table and they're close to a deal at this point except for the sticking point of the sunset clause and also some of the arbitration systems, but you know, he doesn't seem like he's rushing to get a deal done. in fact he says he's not going by any u.s. political deadlines and canada, we will sign a deal that's good for us. neil: i'm not quite sure what that deal would be in its end form, rich. does it worry you that whatever the justifications of taking this to the limit that it's going to whipsaw markets just the nafta thing and then i'll get to china. >> yeah, because nafta is a purely economic deal. it's an economic relationship whereas china's deeply geo

political and strategic over a number of years different issues here. look if president trump wants to maintain republican control of the house in 2018 and if he wants to win re-election assuming he wants to run in 202a strong economy and strong markets, if they get nervous because of collapsing trade talks that won't be good for the u.s.. neil: you know, dave today the russians made, i'm sorry the chinese made clear that they don't want to bend on this limit or set level to bring down the surplus that china has with us on trade, so that's going nowhere but we do apparently keep pushing it what do you make of that? >> well there's a number of issues involved here obviously and it's in progress. one of the things we want to do is to be able to sell more and the chinese semen couraged to look the at ways we can sell more products, all of this is connected. look at what they did on sorgum gum today i think if you look at what the capitol into shin a

decision made by the chinese government today all of these things interact with one another as i said this is geopolitical in broad tense, a sense not just in terms of straight balance of payments trades. neil: yeah, there is, susan another issue in north korea and the president not wanting to go too to far to tic off the chinese because they play such an instrumental role there? >> and getting them to the table on june 12 as well so now there is an added element of politics which kind of complicates the entire trade negotiation and they're trying to fight fires on all sides you have trade with china, trade with mexico and canada, but you know china we had that report they were going to buy $200 billion worth of u.s. goods each and every year to bring that trade deficit down. the chinese ministry has said there's no truth to these reports and i wouldn't be, i was surprised when that headline came through because there's no way that china's going to look like they're weak and bending to the u.s. world. neil: rich real quickly how do you think the china stuff is

going to work out? >> well look they can play a long game because president xi has unquestioned power and that's not something available to u.s. presidents. neil: oh, if the president had that right guys thank you all very very much. not much change in the dow on all of this. we might have done something to sway the north koreans when it comes to these joint military exercises we do with the south korean that was apparently a bone of contention and prompted kim jong-un to say do you know what? i don't know about this meeting, so this time we might have blinked but for all of the right reasons i'll explain after this.

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neil: all right, this might seem crazy but the republicans have just shot down a farm bill over the issue of immigration. i know what you're saying neil that makes little sense at all but that crept into the debate on this because there were provisions in that to crackdown on illegals and i'm going to get really into the weeds here and i don't want to but bottom line is it didn't come to pass by a vote of 198, let me see if i'm right on that count, 198-223 it was shot down, which means that a key republican layup was considered just an easy legislation to pass and would have been similarly passible we're told and the

united states senate is not to be so a big big defeat for republicans, and in the meantime , u.s. right now looking at this up coming north korea condition talks and now agreeing to scratch joint military exercises at least with south korea that involves some b52 bombers, amid signs that anything like that gets the north koreans all dusted up they don't like it. it was one of the reasons why kim jong-un had said, you know maybe we don't meet. retired u.s. now star navy admiral robert notter. admiral was this expected or was this in response to the sudden thing with the north koreans? >> well, i certainly don't think it was a big surprise, neil. these kinds of air exercises or ship exercises happen all the time and they are of value but in the scheme of things, nuclear

agreement versus an air exercise this was an easy one. neil: all right, so the north koreans i guess admiral were concerned that we even had these joint military exercises but they had never made a big deal of them up until as you pointed out this week, or are they just getting cold feet, getting concerned using this as an excuse. what do you think? >> well who knows, if you no one thing about north korea is that they're unpredictable. the good news is that by postponing these or curtailing this particular exercise, we're going to flush them out. neil: so if we're not conducting the test, did i read that to say admiral we're not doing them at all or not the big big part that it involves b52s and a lot more equipment? >> well, the reporting is not very solid right now. i'd have to wait and hear what the administration has to say, but having said that, again we do these kinds of bilateral,

multilateral air exercises and ship exercises all the time. we took postpone or curtail or cancel one is not a big deal. neil: all right, we'll see what happens, admiral thank you very much for taking the time, sir. >> yes, sir, neil. neil: all right we were talking about interest rates are rising right now i think one way it was characterized on the wall street journal going from ultra low to well, just low, so very very low but they are at a seven-year high and for a lot of people that spells housing slow down but who says? after this. as one of the nation's largest investors in infrastructure, we don't just help power the american dream, we're part of it.

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i'm all-business when i, travel... even when i travel... for leisure. so i go national, where i can choose any available upgrade in the aisle - without starting any conversations- -or paying any upcharges. what can i say? control suits me. go national. go like a pro. >> welcome back to cavuto coast to coast i'm nicole petallides live on the floor of the new york stock exchange the dow jones industrial up 30 points right now but for this week the dow, nasdac and s&p are downside

slightly the dow is less than 100 points in the negative for this trading week also watching the russel, now the small caps russel 2,000 yet another record high, you could see it up right now on pace of a third record close in a row. the best performing index since the tariffs were announced and the 10-year bond yield another high there as well holding above that crucial 3% level for the fourth day in a row but overnight moving to 3.128% the highest levels since july of 2011 and it is once again holding above that 3% mark so focused on all things all the headlines we've been hearing everything is china, nafta, and north korea but the markets are slightly lower for the week. neil? neil: nicole thank you very very much in the meantime cbs is putting off that annual shareholder meeting of course that feud over what to do with the cbs and in the middle of that charlie has an update what do you got, buddy?

charlie: i think what we have is the calm before the storm in this incredible battle. i'm pretty sure a lot of the great media writers will have a book on this thing because this is two of the biggest players in media, a highly successful ceo, of cbs one of the most successful media ceo's around given where cbs is in primetime during this 15 year tenure at the top versus the person he works for, sherry redstone, the daughter of the great media mogul who put together this media empire that involves viacom and cbs. as you know, sherry wanted leslie nunes to buy viacom, they're independent companies controlled by sherry and national amusements. he is balking and instead of just saying no, neil he went back and he sued her for control of cbs and that's where we are right now. cbs voted last night the board of cbs, i think 73% of the board

voted to diluent sherry redstone 's stake so they could control their own destiny. she had changed the by laws so it needed 90% which is effective ly impossible to get since she and a couple of her friends are on the board and right now cbs is trying to figure out its next legal move which will likely be before the delaware court, before the judge who will open the door for more litigation and i'll tell you i thought this thing would end quickly with the judge just saying okay let's figure out how to end this. you know, i'm getting a feeling just from my sources that this thing to be wrapped up in court for months with both sides flailing at each other legally and nothing much gets done. as you can tell, the shares of cbs have been going down lately, so the investors do not like the uncertainty but that's where we are the calm before the storm. i don't think there's a filing today. i think we should wait over the weekend until monday and maybe get sparks flying at that point, neil back to you.

neil: newly noted my friend thank you very very much in the meantime all of this happened with the background of interest rates rising as i said someone said from ultra low for mortgage s to well just low, for example, mortgage rates today are fetching around 4.61% for a 30-year fixed rate mortgage and that represents about a seven or eight-year high. now what happens from there let's get a take from real estate experts. jason, getting worried? >> i'm not, neil. buying a home is not a win purchase. it's not like going to the mall and buying a pair of jeans. people think about buying a home for some time. they save up the deposit, so this is a well thought out process and interest rates are still really low historically speaking my grandparents saw 15- 16% interest rate and still a very low interest rate environment so it's going to have very little impact if at all. neil: katrina to that point i'm sounding like a old fogie like

your dad saying i walked six miles to school each way up hill but my wife and i had a 13.5% mortgage when we got our first home in the early 80s different environment so i can't quite relate to the panic that ensues when people see what's happening now. having said that we are what we get used to, right? and people who have been getting used to these low rates well they're not so low, does that factor into their decision-making process? >> well i agree with what jason is stating and these rates continue to go up but we still have not seen a correlation between buyers exiting the market as a result of that. now that's not to say that it won't happen if we reach 5% or higher than that but we have been extremely blessed and spoil ed i would say with these low interest rates. if anything i think it's incentivizing people to jump into the market and actually purchase and as jason mentioned this is something that people have thought out for a long time so if interest rates go up

slightly, they're not going to exit their plan of action to buy a home as a result of that. remember that every market and neil you and i have discussed this many times, is different so i'm in south florida the market here is very different than the rest of the world but we're also seeing that the median price in homes has actually gone up to about $300,000. that means a starter home is now $300,000, so i think the bigger problem here is the fact that we have very low supply, prices are going up, and at some point, wages have to keep up with that otherwise i think that we will see a problem but i think that right now the market is extreme ly healthy because the economy is doing well and people are very bullish about that. even in south florida i have to say that i'm getting so many northerners and people from california because of the tax implications and they're moving to -- neil: that makes perfect sense and having said that if you look at the back drop for these ris ing rates and mostly improving economy is there a level at which you say all right

, maybe 4.5% maybe 5%, 5.5 i don't know. a number in the back of your head that would make you pause. >> i don't think so. i think because as the economy is going gangbusters and unemployment is at a 17-year low wages are growing at the fastest pace since january of 2009 wages are going faster than the interest rate environment so i think that's telling. people buy homes with their jobs they buy homes with their wages they don't buy homes with interest rates. neil: but do they get ruled out and priced out when interest rates and i'll get this mortgage if it's at 4% i won't if it's at 4.5 or 5%. >> i think it really comes down to the job market and if people feel like there's money in their pockets and they have confidence in the economy and the stock market is doing well they will buy homes. neil: what about appraisers, katrina, we were briefly mentioning during the break the role they play. i would imagine still burnt by the last real estate multilateraldown, have been very

cognizant of the fact they want to keep those appraisals conservative and a lot of people selling their homes would like to keep them not so conservative a lot of people buying homes would like a lot more flexibility so how much does that come into play? >> well ultimately we're all at the mercy of an appraiser because even though it's very subjective they are being a lot more conservative. neil: all of that has not changed has it? >> no, but i have to say i'm very surprised that i've sold three properties this month and all of them appraised above the purchase price which is very rare, so i think what you're see ing is that there's such a low supply and demand is there. people want to buy homes. they're very excited about the economy, so appraisers although they're conservative i am seeing people appraise or properties being appraised for above what people are asking not by a lot but slightly above. neil: all right katrina final word jason thank you good seeing you again. as these two fine folks were talking we're getting more details on this tragic school

shooting in texas where they are reporting eight to 10 students killed explosives found on the property and outside the property, but what's more in learning a little bit more the shooter now some websites with identifying this 17-year-old male. we are not. we're not quite sure, we want to make sure we dot our i's and cross our t's but he does appear to have been a student at this school and he had a beef with somebody, reports are that he entered the school around 7:30 this morning wearing a trench coat with the words "russia" on that coat and some other outline s, started shooting, an alarm went off, was pulled by a nearby teacher and then he followed up shooting people in hallways we don't know of any individuals shot outside the school. we do know that he is in custody and we do know that it's officially over. what we don't know is why this happened at all. after this.

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neil: all right, bit by bit we're learning more and more about this santa fe texas school shooting, where at least eight have been reported killed, up to 10 maybe more injured explosives found at the scene. details now from christina who has the very very latest. >> right, neil it's actually a mix of students and adults so we're not sure yet on how many but it's supposed to be leaved around 10 or a little bit less than 10 but the latest news we have right now police in the area are entering a home. they're entering three homes at the moment the first home is said to be the suspect shooter's home. his actual home, the fbi is also present, they had a big not sure of the terminology to break down doors but they had three homes the other two homes are possible areas where the suspected shooter would hang out, so officials though haven't actually entered the home, they're waiting for a search warrant. there was a neighbor in the area that reported hearing an explosion this morning, so what we do know, santa fe high school you have several victims

in hospital at the moment, we do have a very compelling clip from a student who breaks down what happened this morning listen in. >> we were all sitting in class with our door open and next thing i know we all heard a teacher run through the hallway mr. harms he goes there's a dude in the building with a shot gun, we all stayed in shelter because we thought he was the one that pulled the fire alarm, come to find out it was somebody else to get everybody out of the school that was in there. >> the suspect is 17 years old he is a male there's another person of interest in custody, so potentially two people involved, they not only were armed with a pistol and a rifle, so a pistol in texas, you actually need to be 21 years of age so there's still questions around how did this shooter or the person of interest get the pistol, the handgun if you want to call it that so there's still a lot of information, they're scouring online to see if there's any affiliations with terrorism groups, so far they

haven't seen anything but he did make some statements on facebook again none of this is confirmed at the moment we are not going to mention the shooter's name but he is 17 years old. you have three patients right now at the university of texas medical branch. one is in critical condition. he was shot in the chest, he's believed to also be a police officer so he too was armed, he was a police officer a school resource officer more specifically at santa fe high school. you have a female middle-aged woman should in the log she's also going through surgery and then you have a 16 year old male shot in the leg said to be in good condition does not need surgery. what we know is the bell rank, 7 :10 a.m. students brought into school, shots were first fired around 7:45 a.m., reportedly in a art classroom, so it started in an art classroom continued on , fire alarm was pulled which got people out of the building, 8:12 a.m. was when the first patient arrived at that same

hospital, the university of texas medical branch that is a level 1 trauma center so they are well equipped for situations like this so this is the news we're following very closely happening in texas at the moment neil: christina do you know about the law enforcement official who was shot was like in parkland stationed at the school? that of course deputy sheriff stayed outside the school during the shooting but whether this particular individual was stationed at the school? >> no, right now well he was very very nearby. there are no reports whether he was inside or outside. his name is ed gonzalez and he was the harris county sheriff and has now become a school resource officer. neil: understood. all right thank you very very much. in the meantime we are following other developments this is of course gripping the nation's attention sadly as these things always do so we'll cover everything else including the dust up over what the president now plans to do in these ongoing negotiations with china over z t e. everyone is wondering because he

seemed to be doing a favor for a company that has been found guilty of espionage, stealing state secrets and gouging customers but again it was part of a larger quid pro quo we're told on trade to extract concessions of the chinese and other trade matters the latest from fortune magazine editor, adam lashinsky. adam what are you hearing on this? adam: well i'm not hearing much. i think there's a company neil that you didn't mention just now called apple and apple is sort of i view the nuclear option here. zte is a bit player in a very large trade war and my lunch is that the chinese government communicated to the white house let's work the zte thing out because none of us really wants to get to the big topic here, which is a much bigger company namely apple. neil: well the belief being that they don't make any progress on this, apple is in trouble?

>> well, apple is extremely important to the united states and to china. i think neither company wants to touch apple. apple accounts for hundreds of thousands of jobs in china where most of the assembly is done for the iphone and other apple products, and that would be def con 10 or 11 if we started talking about them. neil: i don't want to put words in your mouth i just want to be clear. did the chinese hold out help for zte with the strongest being you don't help them out, apple might be in some trouble? >> i also want to be clear, i'm not talking about anything that i've heard or anything that i know. i'm moorely speculating on how that conversation might have gone. neil: well as you know that stuff happens all the time as you're freely aware. >> right. neil: which i deeply admire. all right let me get your other

take on this google and the privacy issues they keep coming up but what's going on here? >> well the verge published this fascinating article that they captured a video, that google's moonshot group that thinks big thoughts about the future put out that said what would happen if we acted on all of the personal information we have on someone like neil cavuto and what would we do with that and it's futuristic and extreme ly scary because it turns out neil and you may not be the best example actually but it turns out that they have a lot of information about most of us. neil: really? >> really. neil: just as you're talking about it. i don't know. >> so yeah, i can't make out what that is either, but just consider a few of the data points, neil they know what you search for and you use an android phone they know where

you are if you put one of those devices in your home the speaker they know what you're saying and so it doesn't take a conspiracy theorist to know where this is going. neil: do they assimilate that, that's always the fear they have certainly the capability of doing it but do they have teams i always picture like helicopter crowd thinking this may be that it's very easily to assimilate all of that intelligence on anyone very quickly. we might be doing it as we speak with this shooter in texas today >> right, we know what the capabilities are and so the reason it became such a big deal with facebook is that they were letting third parties have access to that information, so already, when i put in google maps that i want to go somewhere , google maps has a good idea from my calendar where i might want to go and they say oh, are you trying to go to this soccer field and i say why yes i am thank you that was wonderful.

that's a very benign but powerful example of how the technology works and then the question is do you trust google to use this information well? currently they're using it for applications like that and to serve advertising. then the question is what's next what else? neil: what else is right. all right thank you adam. adam lashinsky, executive editor joining us out of san francisco. by the way we are getting a couple more details again to what christina was reporting a little bit earlier here on we're coming to know of the shooter his name has come out on a couple of sites we won't repeat that we do know he was a 17-year -old male his house is being checked out reports of explosives he left behind at the school and a number of locations i might have misquoted something about him coming into class in a trench coat. that part was right i believed i said on the back of the trench coat was the words "russia." i think ussr, not russia, the former name of the soviet union, ussr. we'll keep you posted. so, i have this recurring dream.

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so if you're turning 65 soon, call now and get started. because the time to think about tomorrow...is today. go long. i'm 85 years old in a job where. i have to wear a giant hot dog suit. what? where's that coming from? i don't know. i started my 401k early, i diversified... i'm not a big spender. sounds like you're doing a lot. but i still feel like i'm not gonna have enough for retirement. like there's something else i should be doing. with the right conversation, you might find you're doing okay. so, no hot dog suit? not unless you want to. no. schedule a complimentary goal planning session today with td ameritrade®. neil: alright lot of things going on in the country today we've tried to balance this out with these developments going on in santa fe texas of a school shooting another tragic one up to 10 people reportedly killed we don't know the break down between students, teachers,

family members, administration officials that sort of thing. we do know that the name of the assailant a 17-year-old student is out there on the internet and we have it as well but we're just trying to confirm that, make sure we have our i's dotted and t's crossed before we share that info with you and we can from some very good reporting coming out of the houston chronicle this school is about 40 miles south of houston. we know from them that the assailant did enter the school as it opened this morning, was wearing a trench coat and keep in mind it's very hot there hot and humid about 86 degrees, enters with a trench coat wearing the letters on the back "ussr" and then unleashing some guns, targeting one particular young woman in an art class, and then all pandemonium broke out, school alarm went off, people flooded into the hallways and shortly thereafter, a second round shooting presumably from the same individual who was in

that art class but there's really no way of knowing. now, the quest to understand who he is and what he was about and why he was there and what had gotten him to do this. again, he is in custody, explosives left behind not only at the school but at other locations in and around the school. let's get the read from former las vegas police officer randy s utton. randy we always talk during times like this but i got a lot out of him regardless of the tragic nature of these moments so you're hearing all of this, randy and we're trying to piece together what would have precipitated this, that we don't know but if you're trying to get information on this guy where are you going? >> oh, neil this is still a very very dynamic investigation even though the smoke has clear ed, the investigation has just begun. especially when you take into account the fact that there have been ied's or bombs home made

bombs discovered and there is a search for more, so this investigation is literally in its infancy and then of course we want to know why. what was it that precipitated this attack? what was it that motivated this 17-year-old to commit such a horrendous violent act. did he particularly target one individual and then everybody else happened to be collateral damage? i don't think so. i think that he planned this meticulously. i think that this was a long term plan, as evidenced by the research that needed to be done in order to manufacture the bombs and to gather the weapons, so i think that when we drill down into it, we're going to find a very very disturbed individual who had a great deal of hatred and wanted to commit the maximum amount of damage. neil: you know, randy there's so

much we don't know so i tend to rely in tragedies like these and what the local press is reporting or near local press o are those talking to the houston chronicle for example, on the wire reports of this that students recognize this shooter, they knew him, it sounds very similar to of course what happened in florida, where nikolas cruz was instantly identifiable, in fact students immediately surmise he was behind the attacks without even thoughing what had happened. what do you make of that. >> there's no doubt that when this investigation is done, in fact probably within by the end of the day, we're going to hear from students who will have said that doesn't surprise me, this guy has always acted weirdly. this is one of those things that if such a difficult thing to grasp and to do something proactive, acting weird and saying crazy things may bring

attention to you but does it rise to the level where a school or a governmental agency can step in and say do you know what you need to be elsewhere. neil: right. >> this is one of those things -- neil: and certainly that in florida to your point back then we were talking but randy a couple of very quick questions i have for you very smart guy like yourself in law enforcement where you say if you see something say something, where it's like oh, this kid being in midtown manhattan a lot of stuff you see would warrant saying something but leaving that aside here you have a guy who comes in a trench coat. it's a very humid area, it's 86 degrees i don't know the exact temperature at that time. that would warrant some sort of looks, right? >> oh, absolutely in fact law enforcement officers, this is one of the things that we are taught in basic academy is when you're watching people on the street, are they dressed appropriately for the weather

because long coats are used frequently to conceal weaponry, and let's talk about the weapon here for a minute, neil because a shot gun is a devastating weapon. i've actually purposefully when we do these interviews about shootings, not even brought up the word shot gun because it is such a frightening thing to do, and the reason i say that is because a shot gun, within a short distance, is more devastating than the at at assault weapon the ak-47, the ar -15 there's nothing more destructive to a group of people than a sawed off shot gun so when i heard the word shot gun i've got to tell you a shiver went down my spine because that would account for the high body count but all those pellets coming out in a closed environment, very devastating. neil: randy thanks for taking

the time. police officer randy sutto,, giving us his read on this and speaking of the shot gun there are other reports that say the shooter had a variety of weapons including an ar-15. no way of knowing for sure, in fact no way of knowing a lot of things we'll have more after this. there's nothing small about your business. with dell small business technology advisors you get the one-on-one partnership you need to grow your business. the dell vostro 15 laptop. contact a dell advisor today. . . . hi, i'm bob harper,

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houston putting up texas colors, reminding people we are all a nation, waiting to hear what happened and why, praying, thinking about yet another population that has to deal with this trish regan right now. >> just an awful day. neil: incredible. >> tremendously sad story. tough moments for our country, neil cavuto. we're waiting on white house officials meeting with china's economic envoy in final days of negotiations. they're showing some willingness to get a deal on the table. the question is, will they get this done? i will ask white house top economic advisor mr. larry kudlow coming up. i'm trish regan. welcome, every one, to "the intelligence report." ♪