we're out of time of thank you so much for being with us mccullagh declan. much appreciate. thank you. now for a follow up on a story from last week you may remember i debated libertarian austin peterson about the need for increased government spending to take care of america's crumbling infrastructure libertarians hate to acknowledge the government spending can actually be a good thing and want to hand over control of our commons and just about everything else to private corporations in our debate austin talked about the so-called success at the japanese railroad system has had since it began a privatization process in one thousand nine hundred seven is what austin said. the japan national railways were privatized in one thousand nine hundred seven they were able to pay down their construction debt and make capital prove much tom listen to their networks they reversed their stagnation and decline but the japanese sentiment you saw the same thing ok well last another libertarians are quick to highlight the japanese railroad system as a private privatization

i want to bring in right now declan, a parent in this community.is 8-year-old daughter survived the shooting at the elementary school yesterday. and let me start off by saying, first of all, our thoughts are with you and this entire town, what you're all going through right now. let me ask you, how are you? and how's your daughter? >> my daughter is doing surprisingly well. she's doing surprisingly well after what she saw. >> how did this go down for you yesterday? when did you first get word that something horrible was happening at the school? what did they tell you? and what did they ask you to do? >> i worked about an hour plus away and my wife called me and said there'd been a shooting. she had already rushed to the school to get my daughter who had made their way to the fire house. i was able to get to the fire house eventually and at that time, it was just too early. we had no idea about all the children and the faculty who had died. >> you knew your daughter was okay, though, correct? >> thank god. we knew she was okay and, you know, just ga

. >> declan, so many parents across the country, including me, frankly, want to know how to talk to our kids about this. our kids didn't go through this, has your daughter asks you any questions about what happened? >> well, that's the very difficult question. you know, this is all new. so all we really can do, and i think is the best thing, is to be honest and let her know what we know. try to talk to them and try to reinforce that the bad guy that did this is gone forever. because, of course, all they are talking about is not wanting to go to school again. both of my children. i have a 10-year-old who was in another school on lockdown as well. and they are just really, really freaked out. as you can imagine. >> reporter: absolutely. they are talking to you, they don't want to go back to school again. did you daughter tell you anything about what it was like to be in the school as this was happening? >> she was in her reading class, and it was a separated class with just, usually there's just a few kids in there, and she heard a bunch of banging, what sounded like hammering, she said.

space and declan those problems like we try to tackle our problems you know but but . we do not say we do not tell them that you must do it is specifically with the use of their lawyer in all these or that way. we are not imposing any solutions unless those solutions stand there rectally from certain international covenants to report some of the problems that you mentioned there can be traced back to poor economic state that finds itself right now talking first and foremost of course about the rise of nationalism which you mentioned in your previous answer. but it's still growing economic crisis is bad enough actually to. majorly radicalize our majorly change the european critical system it's hard to see whether it is. tough enough you know the the crisis but obviously the crisis is a pretty tough and and we see titian every day and obviously the especially the social economic rates of the europeans in almost all the european if not all the european union countries they do suffer and look what is happening in terms of social unrest political dissatisfaction you know we

you know we'll see but it's something serious and it's we're just starting to get wind of it now declan mccullagh seen that broke the news the other day and we're still following up on it and artie actually reached out to a number of wireless providers to reach out to t. mobile verizon things like that we also reached out to the cia and i do want to bring up a quote from them their statement they say that this issue contains important privacy and law and enforcement concerns and stakeholders in those areas as well as congress are the appropriate parties to assess those considerations now cia of course is a wireless group it's an industry trade group that represents a wide variety of interests on behalf of international wireless telecommunications companies so talk about it as it really is it really in the hands of congress in the stakeholders to be to be able to decide this or should more people be worried about what can come of these text messages well i mean it's up to congress but it's up to the people who elect those people that are going to make those decisions so ultimately congre

and we wish them only the best, declan.om that sandy hook elementary school. we're following the breaking news here in "the situation room." one of the worst school shootings in american history, even more horrific because the carnage was at an elementary school. here's what we know right now. police say a gunman killed 20 children and six adults at the sandy hook elementary school in the small connecticut town of newtown. these were young kids, including kynaindergartener kindergarteners. terrified children were led out of the school after the shooting this morning holding onto one another. parents rushed to the scene to find out if their children were dead or alive. >> these parents were waiting for their children to come out. they thought that they were still alive. there's 20 parents that were just told that their children are dead. it was awful. >> police have not identified the gunman but they say he did die at the scene, apparently killing himself. we are told the mother of the suspected shooter has been found dead a

sharon epperson is live with big declan. >> big decline. we're at a six-week low for natural gas. the fact it's below the $3.50 level. and of course there are a couple of factors. the fact it's over 60 degrees here in new york and warmer than normal across the east coast. that's part of it. but those temperatures are expected to stay for awhile. at least a week or two. so that is something that is bearish for natural gas. ed add to that the potentially small increase in weekly storage levels when the report comes out from the energy department this week. that is a another bear signal. and barclays is saying look for around $3.20. back to yo pu. >> warm weather forecasts through end of next week. we like that very much. thank you very much. >>> where were we now? let's see. we're heading towards the close here with the dow up 24 points. again, this market feels very much like a wait and see kind of market. i think sarge has it right. they're waiting for the fed meeting this week. >> we've barely moved in either direction. after the break, we have the legendary investor for you. jac