. this is "nightly her matheson and sue herera. ♪ good evening, everyone. i'm tyler mathisen. >> and i'm sue herera. we begin tonight in las vegas. americans began processing the horrific events that occurred last night. the president called it an act of pure evil. it was surely that. it was also the debtliest mass shooting, at least 58 dead in modern u.s. history. mr. trump will visit the city on wednesday day. questis remain unanswered, for investigators, for grieves and

businesses that must confront and financially prepare for threats that seemed unimaginable just a few years ago. jane wells is for us in las vegas. >> reporter: mgm resorts has announced it's canceled all shows tonight. that's what one thing people come to enjoy. now coming to veg goods may change. in a place where people go to forget their troubles, they became sitting ducks sunday night to a lone gunman whose motive remains a mystery. >> i can't get into the mind of a psychopath. he lived 60 -- and reportedly had been placing large wagers, but for whatever rover, sunday night broke out a window across the street, killing dozens and hundreds ended up being injured. i didn't know whether to run, to

stay, to duck. its the worst mass shooting in u.s. history. >> it was an act of pure evil. >> this is a crazed lunatic full of hate. >> while police search pad dock's property in nevada, nbc news has learned that his father was a serial bank robber in the late '60s once on the fbi's most wanted list and diagnosed as a psychopath. his father's first arrest was in las vegas. mean time people were trying monday to get back to their rooms. >> i called my host, who basically wee hours of the morning and said give me a call when i could get my jackpot. >> how much was your jackpot? >> $15,000. how easy do you think it will be? >> apparently i guess it's pretty easy. >> we have determined that there has been employees going to and fro from his and nothing

nefarious was noticed. >> reporter: some hotel teams were meeting monday to reassess security procedures, but the sheriff says it may be impossible to stop a lone wolf. still las vegas took years to recover from the radio he session, last year saw a record 43 million visitors convinced this was the best play to have fun. >> outside, outside. now las vegas must convince tourist that is sin city is also safe. probably no city in america has more cameras in las vegas, but few of them are actually in the hotel room, so there's still much of this mystery that investigators have to piece together, and sue, nbc news is reporting it took over 70 minutes from the first 911 call until police were able to locate and break in the hotel door. by that time, stephen pad dock was dead. back to you. >> thank you very much, jane. jane wells for us tonight in las vegas. last night's concert shooting in las vegas reminiscent in some ways of the may bombing at an ariana grande

bomber. a perpetrator in a mass gathering, and the businesses that produce live events are struggling to find solutions their safe, effective and economical. julia boorstin reports. 91 harvest festival run by livenation. this is the second major attack this year at one of livenation's concerts. last may there was an attack at ariana grande's concert. >> concerts are vulnerable. there's a lot of people, and we know there will be a lot of people in a confined space, so there are a lot of soft targets if somebody is intent on making a lot of casualties, concerts are pretty easy. >> livenation ceo tweeting -- our hearts are with the victims in las vegas, their families and loved ones who are grieving this morning and to our livenation

employees. after that tragic attack livenation outlined new security measures, including making all bags subject to search. it along with the other concert company versus additional property cal in place. other concert promoters and artists teams usually work with local law enforcement. the attack on the manchester arena was directly outside the venues. the shooter last night was the festival security perimeter. as for the question of whether people will change their behavior now, in june after the manchester attack, a gallup poll asking american they are less willing to -- found 60% said no we'll see if those poll numbers change especially in light of the massive global events coming up. the wind opening followed by the world come in russia in june and july, where security will be

very much in focus. for "nightly busines i'm julia boorstin in los angeles. a concert venue is considered a soft target, as are many other locations across the country, meaning they are vulnerable to an attack, and for years businesses have been trying to figure out how, if possible, to make these soft targets a little harder. eamon javers repor. >> reporter: every time the burst of gunfire is followed by -- how do we prevent this? >> i'm not sure what you're alluding to. this was an individual described as a lone wolf. i don't know how it could have be prevented. >> reporter: that's especially true of so-called soft targets, sporting events, malls, state fares, entertainment venues, almost any place in the country. >> there's so many soft targets, we can move the perimeter out. we can have more armed security, but we're never going to be able

to fully secure any of these soft targets. >> reporter: experts say businesses across the country could involved- psa -- that could impose massive delays on nearly everyone. there will always be an area just outside the perimeter that is vulnee to anyone intent on causing harm. >> sometimes you can do everything plausible and everything that you think you should be doing, and you still can't get it right, because when an individual is motivated to sacrifice their life for a cause or purpose, i think that's one of the biggest on challenges that any individual business, law enforcement protective unit can go up against. >> before an attacker strikes, companies can use social media to monitor their companies and own employees, looking for expressions of anxiouser or other threats, but once an

attack starts, there is often no time to react a recent fbi study for you that 69% of mass shootings ended in five minutes or less. only 28% of the incidents included law enforcement exchanging in gunfire with the shooter. 40% ended with the shooter taking his own life. it's that intent to die that makes protecting soft targets so difficult. for "nightly business report," i'm eamon javers in washington. when we come back, the day's market new on wall street, stocks

started the fourth quarter on a strong note. with the dow, the nasdaq and s&p 500, and the small-cam russell 2000 all closing at records. health care stocks, financials and the shares of manufacturers saw some of the biggest gains today after new data showed that manufacturing activity reached a 13-year high last month. here are the closing numbers. dow jones industrial avera advanced 1512 points to 22,557. the nasdaq added 20, the s&p 500 was up nine. bob pisani has more on wall street's rally. >> september was a banner month for the markets and october started strong as well. there seems to be no stopping this teflon rally record highs across all three major averages, tech, industrialing, financials all hit their highest levels in a decade, and health care are trading at 52-week highs as well. then there's the momentum names. we saw proof picking up in

september. bank stocks like bank of america, jpmorgan. nvidia were strong in defense names like boeing, all jumped more than 5% apiece. we're in october now, and historically that's been a tough month. it's a two- -- big drops like the crash of 1929, 1987 in 2008, but was a bear market killer. up to the up side. for october it's been a different month to call, those typically the most volatile month of the year. traders have been searching for volatility, frankly. what could derail all of this? two wild cards remain, north korea and the federal research rate hikes. for "nightly business report," i'm bob pisani at the new york stock exchange. let's turn in and out to barry bannister for more on this record-setting markets, and what he expects. chief equity strategist and stifel nicolaus.

good to have you with us, barry. >> thank you. >> i think no one would say -- you -- continue to power higher over the next six months? >> what we're seeing now is early sign of mower synchronous growth, mild inflation precussers, things that would lead to mild inflation, which has been lacking. we're seeing some rumblings of tax changes that would be fiscally stimulative, though late in the game it's occurring. that means you can afford some deliberate, but still slow monetary tightening by the federal reserve. of course the europeans are moving closer to the exits, but ever so slowly. >> what about the fed here at home. when are you expecting a hike? >> oh, i think they'll do a hike in december. i was in cleveland on tuesday for janet yellen's speech at the national business economists,

and she gave that line about it wouldn't be prudent to wait for 2% inflation to move on rates. i would agree. there's a need to just deliberately but slowly move up. remember, the fed funds is 1.16. that's pretty low in terms of percentage terms. >> so let me come back to my first question, do you think this bull has a bit longer to run? or do you see anything in your forecast that causes you to believe it will stumble >> it's a bit less about the level of the market, like the level of the ocean, and more about the movement of the tides under the water level. so what you're seeing is an interest in oversold financial stocks like banks, energy stocks, some industrial firms, and some business capital spending technology names. that would be like semiconductors and software where you spend business capital. that's been doing fairly well,

particularly since august, so it's more about what we call sector rotation where i have a 2600 tart for the s&p 500 at the end of the year. >> what are the risks if indeed the market run foss a while and the fed starts to increase rates? what risks are out there? >> the risk to us appear to be more towards middle 2018. the fed -- you know, as they say count south, bless their heart. the fed always trying not to make a mistake, but they will make a mistake. it will occur at a lower level of rates. the other think they are doing qt, quantitative tightening, e they're rolling off the balance sheet assets they bought, and that's a very risksy strategy. we don't really know what the outcome of that is, and we have done some work that causes you to have a bit of concern, but

right now things look okay. barry, bless your heart, barry bannister, appreciate your time, from stifel nicolaus. >> bless your heart. thank you. more consumers were hit than previously thought at equifakes. the company said there's an additional 2.5 million people, bringing the total number to above 145 million. the former ceo will testify on capitol hill tomorrow, richar smith's testimony was released today. in it he said the massive data breach occurred because of both human error and technology failures and warnings were missed. according to smith, scanning put in place to detect vulnerabilities in the company's systems did not identify the issue. smith's testimony also details a lag in communication between equifax's leadership team and that equifax's have you initial software was never matched. and the ceo of wells fargo

is also scheduled to testify tomorrow. tim sloan plans to tell lawmakers more customers were affected by the fake account scandal than originally thought. testifying that about 3.5 million accounts may have been created. sloan also notes that the bank has rehired workers wrongly terminated in the scandal, and that over the past year wells fargo has transformed the seams and customer service practices. the supreme court opened its term with a dispute over worker rights. the issue is whether employers can require employees to sign arbitration agreements that curb their ability to bring class-action labor claims. labor advocates defend the right of workers to bring those class-as suits. empl increase required employees to sign agreements that require them to take their case toss private arbitration. general motors doubles down on electric, and that is where we begin tonight's market focus. the largest u.s. automaker said it will roll on the two new

electric cars, a move that's part of the company's larger plan to launch 20 electric vehicles by 2023. gm said it is commit to do an all-electric future, but added the transition cannot happen overnight. shares of general motors rose 1.5% to 24 57. nordstrom's plan to take the company private may have hid a road block. according to "new york post," the retailer hasn't been able to secure the financing needed for the deal, as lenders remain concern about falling mall traffic. the bankrupt bankruptcy filing the toys "r" us has made lenders hess ton to back retailers. higher prices helped sales grow at the egg producer cal main foods, but it is results weren't good enough to beat expectations. they reported a wider than expected loss. shares still rose. software giant oracle says the new automated database can

patch itself all on its own. oracle said the patching of the current system a kinnell bettersome process that requires comp to go off-line. the company says this new software is a game changer. >> our customers on average take a year to get or patches all the way through the system and implemented. this now patches for you automatically. it is done for you. that risk, whether you're a programmer or the ceo, that risk actually gets alleviated. it is a really big deal. oracle shares were higher by nearly 1%. tesla said there was an up tick in vehicle deliveries as demand rose for the model s and x cars. the company said production for its least expensive model 3 was less than expected due to production bo bottlenecks.

tesla says it's confident it's addressed those issues in the near term. they finished the regular session up a fraction. and jeff immelt has stepped down from ge a board. immelt, who announced his retirement in june turned the chairman position over for john flannery. shares of general electric up to 2457. to puerto rico where progress is gettibeing made by getting fuel to the island. while the chain is still long, bejoined the big city, it's a much different story. contessa brewer reports tonight. >> reporter: outside the trailer bridge terminal, truckers wait for the gates to open.

as the logjam slowly clears at the port of san juan, only 20% of the commercial containers have been picked up. confusioner lingers, drivers wasting time searching, worried about fully fixes the supply chain. >> we really need and push for our customers to pick up the containers, but as well unload them and get them back to us, so we can get them back empty to the states and keep that supply chain moving. >> reporter: outside the metro arc e. the situation is starker and somber. we drove the length of the island, and along the southern coast. no area is untouched by the storm. downed electrical lines, only 5% repaired, but crews are hard at work. less than 20% of cell phone towers operate. crowds of cars cluster so the drivers can call loved once. running water is a problem on the whole island. big business sees this as a big problem. >> they need it, not think about big or profits, knotts think

about how quickly we get the operation up. the purpose is to come and get support and get refuge. >> lufthansa flew in 80 tons of supplies from frankfurt, food, water, hygienic supplies. the facility has no running water, and only power from a generator, so brute strength was needed to push open the hangar door. what these 400 employees have is a great team, a lot of hope, and support from their bosses. the visible military presence has increased around the island. so has fuel supply. 70% of stations now have gas, though lines are long, the stations are beginning to lift the ration limits. and food, water and other necessities are beginning to move. plaza provisions provides goods to walmart, costco and many others. it has so many orders, the orders are so big they can't

keep up. they say 16% of the trips that were supposed to happen today will have to be put off tomorrow. the good news is all the truck drivers but one showed up, yet still ten employees at this location alone are still unaccounted for. >> still some we have not been able to reach and we are very concerned about their safety. >> reporter: these businesses need their workers and puerto rico needs its businesses back up and running to fuel the recovery. for "nightly business report," contessa brewer, puerto coming up, mother medicine, a little girl, a cancer diagnosis, and a parent's hail

here's what to watch tomorrow. prompt plans to travel to puerto rico. september auto sales are out. probably will be strong as americans replaced cars lost to hurricane damage. and the ceo of wells fargo and former ceo of equifax scheduled to testify tomorrow on capitol hill. medicine is days ago a big step forward. the fda recently approved a new and potentially game-changing therapy to treat the disease. it helped give a little girl another chance at life. meg tirrell has part 1 of our modern medicine series. >> not wearing any clothes, because she was in the bath. >> reporter: you would never guess meeting caitlyn johnson, what this spuvgy 7-year-old has been through. >> i was so -- she was like, has nobody told you yet? yes, she does. >> reporter: diagnosed with

leukemia at 18 months, 2 1/2 years of punishing therapy. for most kids that regimen works, she was one of the unlucky few whose cancer came back. >> i said, whatever she wants to do this weekend, we're going to do it, because she's not going to be able to go back outside. she's not going to be able to play with her friends. >> we were going to return to our old normal. >> reporter: caitlyn's doctors suggested a clinical trial of a new way to treat cancer called car-t the treatment youths a patient's own immune cells as medicine. >> we know that cancer can learn to invade the normal immune system we were encourages. weld ready to throw the hail mary pass, because we had no

other options. >> reporter: t-cells he roar moved, then a virus is delivered, provide the hunters with a homing device for markers on cancer cells. they're then given back to the patient. >> this is in that way a living therapy. will allow these serial killers, taking out millions of cancer cells. and resulting from overactivation of the immune system. it did cause high fevers, even organ failure. the researchers have found way toss tamp it down with other medicines. >> we were aware of the side effects. we were aware that, you know, once they start this process, there's no real turning back. >> just weeks after she received her modified t-cells, they got a late-night call from their doctor. >> she said there's no

detectible signs of cancer. >> yeah. >> and i think we just cried. within six months our pendulum have swung from we're going to lose our child potentially to we beat cancer. >> three years later caitlyn is constituent cancer free. the medicine was approved by the fda on august 30th. marketed by novartis. for the johnsons, it was a joyful moment. >> breathtaking for me, just, you know, thinking, wow, we are a part of this to help hundreds of thousands of kids. i'm always thinking -- i almost chose not to do this. more work is under way to extend the reach to more patients, who like caitlyn, had tried everything that medicine had to

offer. for "nightly business report," i'm meg tirrell. coming up tole, an historic approval and an historic price tag. a look into the business of this way of fighting cancer. a wonderful way to end a broadcast on a tough day. >> yeah. lovely story. >> that does it for us on "nightly business report i'm sue herera. thanks for joining us. >> and i'm tyler mathisen. have a great evening, everybody. see you you

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