our scott cohn is live down in baltimore. scott? >> reporter: hi, tyler. at a wastewater treatment plant. it's a dirty job, but someone's got to do it. and someone's got to process the 63 million gallons of sewage that comes through here every day. someone's also got to pay for it. and today we are looking at infrastructure in baltimore and cities across america. that's coming up next on "power lunch." [ male announcer ] what if a small company

i'm scott cohn in the cnbc newsroom. 9:30 west coast time, 12:30 eastern time there were reports of shots fired in terminal three at lax. that's the terminal that serves aleen allegiant, front tier, jetblue, virgin australia. what we know we believe what people have been injured. there are multiple reports about the suspect, whether he or she is injured, in custody or whatever. as you've seen from knbc there is a triage unit being set up outside terminal three and it appears as if air traffic at lax is shut down, so that's yet another effect of this, as it continues to unfold. let's go back now to more live coverage from knbc. >> -- with you right now we want to connect with nick hugh, we're told he was at the airport at lax when this shooting occurred.

i'm scott cohn in the cnbc news room at l.a. terminal three, jetblue, virgin, allegiant and frontier. gunman apparently walked up to the document checkpoint and for reasons we don't know what they are, opened fire. there are at least three people injured, the gunman reportedly in custody. air traffic has been halted for another 15 minutes, probably longer on a difficult day to begin with with weather delays on the east coast and there is the possibility that if you are going to lax or planning to fly or people flying there, that there will be a wholesale rescreening of passengers as well. our jane wells is en route to los angeles international airport. we'll have the latest from the scene when question get it and expect to be hearing from the white house soon as well. tyler, we're keeping track of it. back to you. >> scott, thank you very much. phil lebeau joins us with the ripple effects that this incident is likely and is already having on eyre travel, certainly in the western part of the united states. with a ground hold if y

let's get more from scott cohn. >> as we've been reporting this got under way 9:30 local time, 12:30 eastern time in terminal three of lax, nbc news justice correspondent pete williams citing multiple law enforcement sources says that one tsa employee was shot and killed, it apparently unfolded at the checkpoint going into security, the point in the security line where you show your documents. there are reports that the shooter was armed with a rifle. the suspect according to lax now says that the suspect is in custody, and the lapd does have a news conference scheduled for the bottom of this hour. air traffic as you might expect has been, is in havoc not only in los angeles but across the country on the east coast, there had been weather related delays. now there is a ground stop apparently still in effect so flights bound for l.a. if they had not taken off they are being held in the ground at their departure point although jane wells who is outside the airport says she has seen some flights taking off and some landing as they get this all under control, and the scene outside the ai

scott cohn, "nightly business report", chicago. >>> chicago is not alone.sion problems plague other cities, as well. to read more and see if your city is one of them, head to nbr.com. >> that's it for us, "nightly business report" for tonight. i'm susie gharib, thanks so much for watching. >> i'm tyler mathisen, thanks so much from me as well. see you right back here tomorrow night. >>> "nightly business report", has been brought to you by. >> thestreet.com, up to the minute stock market news and in depth analysis. our quant ratings service provides objective independent ratings daily on over 4300 stocks. learn more at the street.com/nbr. explore new worlds and new ideas through programs like this, made available for everyone through contributions to your pbs station from viewers like you. thank you. magic moments ♪ from viewers like you. tonight, public television brings back the magic moments from the 1950s. ♪ sincerely... the mcguire sisters. pat boone. patti page. debbie reynolds. and your favorite artists from the 1950s pop era bring back the music tha

scott cohn has the story. >>> trenton is new jersey's state capital, a city rich in history and darron green says it is rotten to the core. you say rotten to the core? >> right. >> reporter: i guess this is what we're talking about. >> this is it and much more than the physical phenomenon. >> reporter: green, the community activist that goes by the nickname freedom says it's the mind set that's rotten. drugs is epidemic and so is violence. this city of 8 square miles, $84,000 has 43 murders this year. >> there is open air drug trade, prostitution. it's craziness. >> reporter: it's not just the mind set or the fact that trenton's mayor is under federal indictment for corporation. two years ago to balance the city budget in the face of deep cuts and aid trenton laid off 105 police officers, a third of the force. new jersey governor chris christie has said the capital city should do away with the police force all together and turn law enforcement over to the county but state senator shirley turner says that's a bad idea. >> in the city in particular, you need to have people who are famili

scott cohn, "nightly business report", chicago. >>> chicago is not alone.sion problems plague other cities, as well. to read more and see if your city is one of them, head to nbr.com. >> that's it for us, "nightly business report" for tonight. i'm susie gharib, thanks so much for watching. >> i'm tyler mathisen, thanks so much from me as well. see you right back here tomorrow night. >>> "nightly business report", has been brought to you by. >> thestreet.com, up to the minute stock market news and in depth analysis. our quant ratings service provides objective independent ratings daily on over 4300 stocks. learn more at the street.com/nbr. >> the following kqed production was produced in high definition. >> behind these walls is the legendary crown point press, and it's a magical place for the artists who get to work here. >> kathan brown: i think you're putting the artist in a position to do their best work. >> for the last two decades, one group has been synonymous with latin jazz in the bay area, the machete ensemble. >> john santos: you do it because it

but first, let's check in with cnbc's scott cohn who joins us now live with the latest details. good evening, scott. >> reporter: good evening, larry. friday morning at los angeles international airport. business travelers headed home at the end of the week. others getting an early start on the weekend when a man in the terminal pulls an assault rifle out of a bag and starts shooting. he blasts his way where passengers normally exit and then makes it a actual way to gates before he is shot by police. one tsa officer is dead, the first killed in the line of duty in the 12-year history. multiple other officers were hurt. airport authorities say in all some seven people were injured, at least one critically. the suspected gunman is paul anthony ciancia, originally from new jersey, living in los angeles, employment unknown, motive unknown, but apparently was carrying paper that said kill tsa. in new jersey where his family still lives he sent a text just this morning mentioning suicide. pensacolaville police called los angeles police asking to check on him. his roommate said he hasn'

. >>> i'm scott cohn in the cnbc newsroom.watching details of an apparent shooting incident at los angeles international airport. l.a.x. has tweeted that there's an incident under way, that law enforcement is on the scene, and that more information is to follow. the faa is declining to comment. this is terminal 3, which includes virgin atlantic airways, and you can see a live picture of the scene that's now unfolding at l.a.x. and we have seen tweets going on for a while -- well, the last ten minutes or so, of people saying that we're being evacuated, there's a situation under way. obviously, we're trying to get a handle on exactly what this is. but we will have more as we get it, and we'll have more on the "halftime report" coming up after a break. >>> welcome back. we continue to follow this developing story out of lax, out in los angeles. scott cohn is back at headquarters with the breaking news there. scott, what can you tell us now? >> it's terminal three at lax. the airlines, leemgon air, front line, jetblue and spirit.

back to scott cohn with more details on the shooting. what do you have?nt pete williams quoting officials saying the suspect arrested in l.a.x., 23-year-old paul anthony, a u.s. citizen and resident of the los angeles area, born in 1990. so, he is 23. officials say they do not believe, according to pete williams, he had any connection to the tsa. there had been speculation and reporting out there he might have been. they say the initial belief is he had strong anti-government views. that's based on some written materials that they say that he was carrying. this according to nbc news and pete williams. again, the suspect paul anthony ciancia and we do not know his condition. back to you. >> thank you for that, scott. we have a lot more on the l.a.x. shooting. and on the markets as well as we're just nearing the close of trade today. the closing countdown will be on the other side of this break. >> we'll come back with the dow up 86 points. we'll hear from security experts on whether it's possible to prevent incidents like this at any crowded public place.

scott cohn is in oakland with details in his "america city" series debuting this weekend. scott? >> reporter: day one of our trip across america to look at u.s. cities in critical condition, we're in oakland, california. one of hundreds of u.s. cities that made bad bets on wall street. wall street was selling these bets to cities back in the '90s. swap contracts that let cities lock in a fixed interest rate. interest rates back then were high and they've gone down yet cities like oakland are paying millions a year to fund swap deals and would take millions more to get out of it. we have a lot more at cnbc.com/cities. tomorrow we'll look at the pension crisis. it's bad everywhere, but particularly bad in chicago, which makes detroit's problems look like a walk in grant park. i'm scott cohn, cnbc business news in oakland, california. >> thank you so much. we have news on apple. we know apple stock is down. >> we're just watching it fall here after the comments by carl icahn at the reuters summit, where he was commenting on the market. where he said he felt that t the -- there would

our scott cohn is live down in baltimore. scott? >> reporter: hi, tyler.a wastewater treatment plant. it's a dirty job, but someone's got to do it. and someone's got to process the 63 million gallons of sewage that comes through here every day. someone's also got to pay for it. and today we are looking at infrastructure in baltimore and cities across america. that's coming up next on "power lunch." [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> we want to let you know that the dow jones industrial average just ticked up past a 100-point gain on the trading session. the s&p up 13.25%, and the nasdaq has actually the biggest percentage gain, up better than a full percent or almost 40 points on the session. >>> america's cities are plagued by leaks. not leaks of information, actual le

thanks for joining us. >> fast money at the nasdaq just uptown starts right now. >> i'm scott cohn atst money in a moment. we want to bring you up to date on the shooting at lax. one tsa officer was killed, multiple others wounded when a gunman blasted his way through security, was carrying a semiautomatic assault rifle. and got almost all the way to the gates at terminal three at lax. the terminal that includes jet blue and

scott cohn, "nightly business report", miami. >> if you want more on my iamia finances, go to nbr.com. >> tonight, a cleaning crew found more than a million dollars of gold bars inside a bag left in an airplane bathroom. no one has come forward to claim the gold yet, but when they do, they better have a good reason for leaving that stash behind. i can hear you out there counting on your fingers, but we did it math for you. it works out to about 53 pounds of gold. and how they got that through security, i have no idea. >> can you imagine saying i've left my bag of gold in the bathroom? >> that's "nightly business report" for tonight. i'm susie gharib. thanks so much for watching. >> i'm bill griffeth. have a good evening, everybody. we'll see you tomorrow. >>> "nightly business report" has been brought to you by -- >> the street.com, up to the minute stock market news and in depth analysis. our quant ratings service provides objective independent ratings daily on over 4300 stocks. learn more at the street.com/nbr. >>> hello. welcome to this is us. this week we're at the international c

. >> i'm scott cohn at global headquarters, we'll get to fast money in a moment. we want to bring you up to date on the shooting at lax. one tsa officer was killed, multiple others wounded when a gunman blasted his way through security, was carrying a semiautomatic assault rifle. and got almost all the way to the gates at terminal three at lax. the terminal that includes jet blue and virgin american. seven people were injured in total. six transported to local hospitals. we do not know yet the conditions of any of them, or the condition of the gunman, who has been identified by law enforcement as 23-year-old paul anthony ciancia, a u.s. citizen, who was living in los angeles. he was reported, according to nbc's pete williams to be carrying anti-government materials, which suggests that might be a possible motive, but we do not know. our jane wells on the ground outside lax says that air traffic is starting to return to normal, as law enforcement clears all terminals, because all terminals were evacuated in this incident. that began about shortly before 9:30 this m

but first, let's check in with cnbc's scott cohn who joins us now live with the latest details. arry. friday morning at los angeles international airport. business

part three of our series "cre t "critical condition," scott cohn. >> reporter: we're in miami on day three of our "critical condition: saving american cities qu cities." you are probably invested in municipal bonds because of the tax safety. miami is at the heart of a three-year crackdown, namely the disclose urs they make. just this year the s.e.c. sued miami and former budget director saying they were cooking the books, essentially on city finances back in the depths of the recession and not telling investors about it, the city and budget director deny it. from here we're headed up the coast to boot mother. there's an issue of infrastructure and a city that has three major water main breaks a day and not a whole lot of money to cover it. got a lot more on our special report, cnbc.com/cities online and tweet us #savingourcities. >>> miami the latest city with fiscal woes. add detroit and 50 billion outflow from muni bonds since march, some say it's time to reconsider how safe munis are for the average investor. >> gives you pause. jeff cox says munis are a mine field right now but a

scott cohn, critical condition: saving america's cities. >> reporter: we're in baltimore on day fourr critical condition: saving america's cities tour. this is the potapsco waste water treatment plant, a facility that dates back to the great depression. by some standards in this water system, in this system, it's young. that's the issue. they are struggling to improve the system. they have budgeted about $3 billion for capital immateri improvements. they say they need $6 billion. nationwide the need is closer to $700 billion. it's not just infrastructure that's suffering from budget cuts. some cities are cutting to the bone in terms of basic services including police. tomorrow we'll be in trenton, new jersey. they've cut the police force there by a third. and the results are predictable. we've got a lot more about this in our special report online at cnbc.com/cities. we want to hear from you on twitter. use #savingourcities. >>> all right. we're in the final stretch of trading here. we are going to be looking at the state of cities across the country throughout the rest of the week h

. >>> i am scott cohn, cnbc "newsroom" where we are waiting a conference by eric holder.ion settlement involving johnson&johnson and the antipsychotic drug, ris pra doll. we have reported it is being overly or improperly prescribed. this may be the resolution of that case. dow jones reporting a $2 billion settlement, including a guilty plea over the antipsychotic drug. risperdal. >>> scott cohn back at h.q. >>> twitter raising the price range to $23, $25 a share. a new cnbc-ap poll shows that investors are still skeptical about whether to invest in the company. >> it is a seminole time for any company just before it goes public. it shows the investing public isn't ready to jump in yet. only 40% of respondents believe that twitter is a good investment. that compares to 54% that thought facebook would be a good place to put their money in may, 2012. a larger percentage of higher income and mel inal responses believe that twitter would not be a good investment. they believe the company will be successful in the next five years. respo respondents don't view the industry all t

scott cohn joining us live from chicago. scott, are they sort of giving you an evil eye there? is not a pretty story, kelly. as you said, no city -- not even bankrupt detroit -- has as serious a pension issue as chicago, and you could argue that detroit has a plan to get out of it, although it is bitterly contested in bankruptcy court. so let's look at the numbers by comparison. detroit's pension plans are about $3.5 billion short of what they need, according to the emergency manager, kevyn orr. chicago, nearly $27 billion, according to mayor rahm emanuel. chicago is a much bigger city, so let's look at it in a different way. chicago's pension gap is nearly seven times the city's annual revenues, according to moody's. in other words, it would take seven years, if they devoted everything in the pensions, to pay it off. los angeles, houston, three times that, and detroit just 1 1/2. so the situation here is, team. but it is not unique. what's going on nationwide is the municipal debt situation is in the neighborhood of $800 billion to as much as $4 trillion, and paying down the d

scott cohn is live. he is at a wastewater treatment plant in baltimore. reporter: good morning, carl. i get all of the great assignments. be glad you, and you folks at home, don't have the smellavision. this is the wastewater treatment plant that serves about 500,000 people in the baltimore area. it dates back to the great depression, and that tells you what you need to know about the water system here. they have, of course, made a lot of improvements since then, and all of the improvements are very, very expensive. of course, this is just one part of the water system. baltimore has about 4,000 miles of water mains. typically, the pipes are around 70 years old, but a lot of them are older, in a city that was founded in 1729. they average about three water main breaks every day. and today, in baltimore city and baltimore county, working on 16 water main breaks. the city has budgeted $3 million over the next several years to fix the problems. but the mayor says that will cover only half of the need. >> we need to have a federal infrastructure bank. when you

scott cohn there in oakland. >>> coming up, creator of a health portal who claims that his website doesbeen able to do. find out what he's talking about later on. we'll be right back. the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you. ameriprise financial. more within reach. >>> 16,000 on the dow. let's link in with rick santelli for this morning. exchange. good morning, rick. >> good morning, simon. well, for many of you out there, maybe you've read books like "the monster from jekyll island "but was everybody understands this is the 100-year anniversary o

scott cohns with details. >> detroit's unfunded pension liability $3.5 billion. no real plan in chicago to get out of the crisis, hence the downgrade by pitch of 8.5 billion in debt, reflects lack of meaningful solution to near and long-term burden. city unsuccessful in attempts to negotiate a solution with labor unions and lobby the state legislature. mare emmanuel calling for mention reform. >> we cannot allow the future to become a stark choice between a pension payment or police officer. a pension payment or school principal. >> the ground grade comes after a day after a $100 billion statewide. in chicago the six pension funds have only half of the funding they need. teachers union points out the city's been putting off required contribution to the pensions for years of $400 million payment to the teachers fund due in june. chicago's pension crisis is extreme but not unique. i'll be crossing the country to show you the crisis in america's cities. it's not just pensions. five cities, five issues, five days. our series "critical condition:save america's city" r

senior correspondent scott cohn join us us live from trenton, new jersey., kelly. here it is trenton, the state capital, it's an historic site in the national history and yet it's a mess. drugs and decay are everywhere. it doesn't help that two years ago to balance its budget trenton laid off a third of its police force. they've hired some officers back. state and county police are picking up some of the slack but not all of it. and this year, guess what, a new record, 33 murders and counting. coincidence? community activist darren "freedom" green thinks not. >> officers need to be on their post, walking the beat, connecting with citizens saying you either move on or going to jail. now you're creating a culture of secured environment. >> while trenton is extreme, it's not unique. there are roughly 20,000 fewer police officers on city streets since 2008. we asked the mayor's office for a comment. it doesn't help that the mayor of trenton is under indictment for corruption. governor chris christie said the city should disband it's police force and let the cit