tom gilbert sr.se fund managed $200 million in assets was shot in his east midtown manhattan apartment yesterday afternoon and was pronounced dead when paramedics arrived at the scene. his son was reportedly spotted leaving the apartment building where the shootingquestioning by the police. officially, the death has not yet been ruled a homicide but sources say the gun used belonged to tom gilbert jr. and that he had had financial problems of late creating a possible motive. meanwhile the future of wayne scott capital seems to be in question. reached earlier today by phone, wayne scott's head of marketing told me only that business operations were on hold in light of the untimely news. the gilbert family has yet to issue a statement. but there will be a 3:00s from conference with commissioner erer bratton and playermayor de blasio. items mostly on the police shootings, but perhaps in the q&a. so we'll keep a look out for that. >> kate thank you very much. sue, down to you. >>> get your overcoat, coat

an update on the shooting death of hedge fund manager tom gilbert. according to wnbc our colleagues and sources have, the police consider the son of the slain man tom gilbert jr. to be a suspect in his death. criminal charges are expected to be filed later today. the gun belonged to the son, according to wnyc and police believe he brought it to the apartment. they're tracking how he obtained the weapon. in terms of a motive or possible motive our colleagues have learned tom gilbert jr. was having financial problems among other things. very sad developing story on this death yesterday in mid-town manhattan. the son brought in for questioning overnight and was thought to be a possible suspect. sounds like we're hearing confirmation of that. more details today. >> we'll get them from you. thanks so much. >> thank you. >> kate kelly with the latest. stocks at session lows. coming up after the break after joe's trader of the year win, we turn to another trader, stephanie link who's fine tuning her strategy for 2015. she's going to reveal the unconventiona

guns down his 70-year-old father toms gilbert because daddy wanted to cut ha lou ance his allowance. the father is already paying for his nearly $3,000 a month apartment. >> reporter: news of the murder shocked his glamorous social circle. his ex-girlfriend anna rothschild said the act was completely out of carc. >> character. >> nguyenwhen was the last time you spoke? >> about two weeks ago. >> told me things were going really well. >> but it didn't surprise some of her friends who found him peculiar. >> friends of mine were scared for me when i was dating him. >> reporter: anna says tommy was introverted and damaged. >> how did he describe his relationship with his father? >> as strained and stressful for him and disappointing that he wanted the approval of his father. he felt he couldn't do anything good enough to his father's standard. >> reporter: and anna says threatening to take away his monthly sti pend may have been the last straw. >> there was one time we went somewhere and he tried to pay the bill and his credit card was declined. that was quite embarrassing. i didn't ques

wayne scott was founded in 2001 by the elder tom gilbert and as well he founded a software company. ead of market told me that business operations were on hold in light of gilbert's death. he said the company has no further comment and no word has been heard from the family so far in terms of a public statement. bill bert gilbert seems to have had a low profile in the hedge fund community. but everyone i've talked to seems to have been shocked and saddened of course by the news and certainly by the possibility of a family member's involvement here. >> thanks very much. with more than 1% declines on all three major in-does his cease, let's acceptedsend it over to dom chu. >> kite and am again have enterm again oig have entered into a deal. kite shares up by about 5%. amgen is trading lower. the fda recommended approval of a novartis market drug to copy -- a copy of amg event n's blockbuster cancer drug. so you can see shares both all of them at least showing volatility in today's trading action. back to you. >>> coming up, phil lebeau is making his way from bakersfield, california to

. >> tom gilbert. i live in san francisco. i'm kind of like a neighbor, kind of place where i like to roll. it's flat. i used to do that more often. i am surrounded by facades that have been saved and buildings that have grown out of them. we don't really need just to save the facade. we need to save the buildings. the surrounding area around the ferry building right there is unique. it's a historical link through time to a different architecture and to another historical gem of an event. we need to protect our gems. we need to continue our link and part of 80 years ago is a gem especially an event of magnitude. if the commonwealth club can't fit in the building as it is we should save the whole building, but if they can't fit that way, then they should find another shoe. cinderella can only work the magic in certain places and certain times. with that said i would like to save the whole block again. thank you. >> thank you very much. are there any other members of the public who would like to speak in support of the appeal at

he killed his father tom gilbert, sr. last week. they say the 30-year-old became upset after his father reduced his weekly allowance from $600 to $400. >> family friends say the father was really concerned about his son, both from his mental illness, his alleged drug abuse and the fact that he couldn't hold down a job. >> officers found substantial physical evidence inside tommy's apartment. no word tonight from the suspect as attorneys. >> and switching gears. ice dunes are popping up following the winter blast last week. there are waves filled with ice. it's attracting a lot of visitors. park officials are warning guests to stay off of the dunes because they're hollow and could lead to injuries including drowning. >> you don't want to go down in cold weather. if no one is there to help you, you could be stuck out there, especially with wind chills as they are now. >> the ice dunes prevent the beach from washing away during winter months. >> well, it's the first time we've been above freezing this week, so that's good news. as we g

gilbert who was 70 years old was suspected to have been shot by his 30-year-old son tom gilbert jr. rom late yesterday and today. the nypd confirms this morning and gilbert's son has been take sboon into custody overnight. but it's yet to be ruled a homicide. wayne scott was founded in 2011 by gilbert. company officials at wayne scott did not respond to request for comment on his passing so far. more details as we get them. >> all right. thank you. we'll be listening, watching. >>> still to come breaking new ground. you'll meet a 19-year-old tech whiz kid who's gotten the attention of apple and peter thiel. the reason those folks and a host of media companies think his site could be a game changer for the news business. but up next the best and worst analysts. that's the same guy. here to name names. "squawk box" will be right back. as we head to break, look at u.s. equity futures. yes! so no set up fees! wooh! yeah! so i get help from rollover consultants? wooh! yes! no rollover hassle. great. woah oh, we're spiking things, robbie. for all the confidence you need. that's better! td

tom is gilbert has -- thomas gilbert junior staged a shooting death of his father to make it look like to the future of the euro. it remains near a nine-year low ahead of the momentous vote in greece that may determine the common currency. it keeps sliding to record lows. germany, france, and the u.k.. deflation is the great fear. a portfolio manager at oppenheimer funds is watching this closely. simon kennedy could not be more riveted. he is a correspondent with us from one. we will begin whether bill gross is right? is the party over? not just in europe, but everywhere, risk asset prices will drop? >> i could agree with part, but let me qualify what i would disagree. i agree that all the low interest rates and qe doesn't do anything to resuscitate growth if you don't have fiscal stimulus. both corporations and consumers especially in europe, are not in the mode to take on debt. sometimes they cannot. in an economy, sometimes things have to adapt. if the private actor is a bank someone else has to spend. if that is not the government through fiscal spending he will go into a deflation

as a suspect nor has he been convicted of any crime. 70-year-old tom gilbert sr. ing remembered as a kind, friendly man, whose small hedge fund had a good year in 2014. attorneys for the son, tommy gilbert jr., had no comment on the case. employees of the hedge fund, his wife and family are understandably in shock. one friend told cnbc tom was intelligent, thoughtful and nonaggressive. and he added that that's sort of a rare trait to be nonaggressive as a hedge fund manager. >> thank you. >>> take a turn now. al has more on this cold weather. >> that's right. actually, we'll take a look at some places where it's a little warmer. if you want that warmer weather, let's head out west. big ridge of high pressure pushing the jet stream way up to the north. so, temperatures are actually above normal. seattle, 53. 7 degrees above normal. los angeles, going to be up near 80, 11 degrees above normal. phoenix looking warmer even denver, 54. that's nine degrees above normal. clipper is coming across, bringing light snow. colder air behind it. lake-effect snow around the great

friends of the family say tom gilbert sr. they could to help their 30-year-old son, tommy, who struggled with mental health issues. according to law enforcement sources they paid his rent of $2400 a month and gave him an allowance of $600 a week. when the father tried to lower the allowance to $400 a week, sources say tommy got angry. wnbc investigative reporter jonathan dienst. >> several family sources say the father was really concerned about his son both from his mental illness, alleged drug abuse and the fact that he couldn't hold down a job. it all came to a head in the apartment that afternoon. >> reporter: on sunday police say tommy asked his mother to leave the family's apartment and then shot his father in the head. police have said they have a substantial amount of physical evidence inside tommy's apartment, they found a carrying case and accessories for the gun used to shoot tom sr. and ammunition. they also found a skimmer device and 21 blank credit cards, which led to forgery devices. >> they'll probably be look

gilbert arenas . maryland women's hoops, the terps on the run. check out the ball movement. the touch pass, the bucket. terps wnin 85-66. today, both bill belichick and quarterback tom brady met with the media to talk about if late--- to talk about deflate-ga te. bill belichick says he has never spoken to anyone about ball inflation his entire coaching career. tom brady said he would never do anything to break the rules. he checks out the football before the game, after that he does not want anybody tampering with them. a lot of analyst said he was not truthful. >> i'm not a conspiracy theorist. you know, i don't know what happened. i don't know what to say. i have no explanation for it. i don't know what happened. until monday morning, i had no idea what happened with the balls. >> kobe bryant could be calling it quits after this season. he suffered a torn rotator cuff last night against the pelicans. he will be examined tomorrow. >> can you explain why they did their press conferences in front of those signs? >> that does make it worse. >> they are really innocent now. >> a mother, daughter, and newborn now fac >> it was a special delivery for the fleishman family

gilbert coming up on "in the loop." ♪ >> good morning. this is "bloomberg surveillance." i am olivia sterns here with brendan greeley. tomment in davos, switzerland. >>shake shack, the restaurant founded in new york by danny meyer, once to raise $80 billion -- $80 million in an ipo. the company has more than 63 outlets in 30 cities from london to dubai. a new study says the gap between the world for the rich and poor is getting even wider. oxfam says by 2016, the world's richest 1% will control more than 50% of total global wealth-. that percentage is up from 2014, 1 of the world's 80 richest people had a collective wealth of $1.9 trillion. and again, tom keene will be speaking with many of us people at davos. a huge opening weekend for "american sniper." bickley eastwood war drama with the highest grossing in america and canada over the weekend creating -- garnering a record-setting $105 million in ticket sales. the four-day total was the highest ever for a martin luther king jr. holiday weekend. the warner bros. films nominated for six oscars, also said an industry mark for one-day and three-day sales in january, and b