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tv   The Intelligence Report With Trish Regan  FOX Business  October 4, 2017 2:00pm-3:00pm EDT

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president. he has had to deal with more natural, man-made, calamitous disasters. horrific events. the consolener chief. we don't have it etched in the constitution, he has sadly had to play it again and again and again. and now in las vegas. trish: the girlfriend of the las vegas shooter is interviewed as we speak at fbi's office there in los angeles. investigators are hoping that she may be able to shed some light on why her 64-year-old boyfriend committed the deadliest mass shooting in our nation's history. earlier they had said she was not a person of interest. well, now she is. and we're getting new details about that shooting. police say the suspect planned this mass murder extensively. stocked his hotel room with arsenal and multiple cameras. this took a lot of planning. one has to wonder what exactly did the girlfriend know and when did she know it?
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that is what the fbi is trying to figure out right now from her as they question her. i'm trish regan, welcome everyone, to "the intelligence report." we have brand new police body cam video capturing that harrowing moment. >> stay down! get out of here! there's gunshoting coming from over there. go that way. gunshots right here! [ gunshots ] . trish: first responders rushing toward the hail of gunfire, risking their own lives to save others. the crazed gunman was firing upon some 22,000 concertgoers and did so for nearly 11 minutes. and we now know he was watching as officers descended upon his hotel room. he set up three cameras both inside and outside his hotel room. including one lodged inside the peep hole of his hotel door.
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for the very latest right now to las vegas where our own hillary vaughn is standing by. they are questioning her as we speak, hillary. reporter: that's right, trish, the fbi should finally be getting some answers to their many questions. the vegas shooter's girlfriend, marilou danley being questioned 270 miles from here by the fbi at field office in los angeles. we believe the interview has been going on for at least an hour. the scene where the crime occurred where her boyfriend gunned down hundreds of people, you can see behind me is frozen in time. the stage is still set up. the road closure sign still reading special event ahead and police say thousands of personal effects that have been left behind, purses, cell phones, are still all being processed. now law enforcement sources tell fox news the big question they want answered is, of course, motive. but they also want to know did she know about this attack before it happened? did she know that her boyfriend was building up an arsenal of
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guns and bomb-making materials? did she than he was planning this all along and also why did she travel overseas to japan and the philippines? we also know that the fbi used law enforcement tools to track her down while she was overseas and follow her movements. we're getting more information about danley from her own family. brother telling abc, she told him right after the news of the shooting broke that she has a clean conscience. danley's sister is confident marilou is the only person who can put the puzzle together for police saying no one but marilou can help. >> she didn't even know she's going to the philippines until steve said, i found you a cheap ticket to the philippines? so he can planning what he's planning without interruptions. in that sense, i thank him for
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sparing my sister's life but that won't compensate for 59 people's lives. reporter: police are working their way through 67 videos from police body cams and the fbi is still processing all of paddock's electronics, a law enforcement source tells fox news, so far that review is still ongoing, but nothing concrete yet that points to motive. now the las vegas review reports that paddock was prescribed anti-anxiety drug, valium in june. taking that type of drug can trigger aggressive behavior, but trish, the police and the fbi getting a lot of the answers and certainly getting inside look into paddock's day to day life from his girlfriend as she's being questioned right now. trish: hillary vaughn, thank you very much. joining me for more analysis of this bizarre, bizarre case, former cia operative mike baker. how unusual is this to not have any clue at this stage in the
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game about what the motive may have been? >> incredibly frustrating, not in the sense of investigations, i'm not saying for mass shootings, and obviously in past recent attacks, we've got than answer quickly, related to isis, it's obvious, isis flag in the car or somebody leaves a note or ramblings on social media that gives you the feeling, i can process why this happened. some people are getting angry and deciding and disappearing down rabbit holes. there's a conspiracy, must be a conspiracy. the police have to do the investigation in a very, very labor-intensive and buttoned-up manner. they don't know where this is going have to do everything properly. they know a great deal of information related to motive at this point already, they're just not releasing it you. >> think about how she was a person of interest and located her overseas and she wasn't a person of interest. and sure enough back in vegas being questioned as a person of interest by the fbi. she's from the philippines.
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he sent tens of thousands of dollars, it's believed $100,000 to the philippines in the days before this attack. is there anything significant we should be aware of? do you spend time there? they have problems with muslim separatists as we explore every angle in all of this, what do you think authorities are looking as it relates to the philippines? >> looking at everything. you have to leave everything on the table until the evidence tells you otherwise, everything is a possibility. so yes, there is a muslim separatist issue primarily the south of the philippines in that area, with the mnlf, any connection there? they're exploring, that i'm sure. the money that was sent, tracking wire transfers for the government is a simple process, so i'm sure they have already done that. they've figured the ins and outs of where that money is going. is that highly unusual? no, a lot of money repatriated to the philippines by family
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members. that's a standard thing. was there travel back? i think there was something to the idea that he sent her off. trish: this is what her sister is saying, he accept the her off essentially to spare her life perhaps because he was motivated to do this, and premeditated. he knew every aspect? >> absolutely. the planning that went into. this all shooters, attackers do. this whether it's a common street crime or terrorist attack, you pick a target and have to do all the work around it. come up with game plan, location, timing, method of attack, he wen through the process. trish: my gosh, we appreciate you talking to us and keep talking to you, mike, in the coming days. i just want to remind the viewer what we know about this gunman. he had no criminal records. he had no visible signs of mental or money problems. the las vegas review reports he was prescribed anti-anxiety drug in june. from 1976 to 1985, he held u.s.
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government jobs, including a letter carrier for the u.s. postal service and as an agent for the irs. on paper, he's looking pretty normal, but my next guest says the gunman didn't just snap. this is something that was meticulously plotted out. he knew exactly what he was doing. here to explain our own, dr. marc siegel. knowing what you know, obviously the guy is insane to do something like this, but how insane in the scheme of things? >> trish, of course, i've never examined him, i didn't know him. that's a big factor her. the way this is going together, you say he was prescribed anti-anxiety agent six months before. was that sufficient? what anxiety was he having? what anxiety? was it paranoia? did he think of these people as human. trish: maybe the anti-anxiety is because he knew what he was going to do and somewhat anxious about it? >> that's also possible.
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let me tell you something the people don't realize. it's not always about hearing voices, the fbi is watching you. sometimes it's a thought disorder where you are thinking things differently than normal people think. that builds up over time. more and more obsessed with ideas, you become more and more disheveled. we heard he was disheveled. we heard he lost weight, that often happens. you begin to withdraw from society. he sent his girlfriend away, mailing her money. trish: what would cause someone to do this. you can't just snap and all of a sudden become like this. think he had known history of psychiatric problems. we know, for example, dr. siegel, his father was on the fbi's most-wanted list from escaping from federal prison and bank robbery? >> i think this fits together very much with a psychotics disorder. i'm going out on a limb here because i don't know him, didn't know him. that's 4% of the population, it runs in families, may have
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affected his father. the idea that he, over time, was developing more and more troubles. that makes you think of that as a possibility. i think that that's very much, it fits with his brother not having spoken to him in six months. two ex-wives. leaving people by the side of the road. no close friendships. social isolation goes along with psychotics thinking. that would go to the idea the information we have so far, not part of a larger scheme, that was a loan actor here and probably deeply troubled person, and i want to make sure to tell people out there, mental illness is vastly underdiagnosed. we don't do a good enough job picking up on the signs of this. trish: i would say you are mentally ill if you join a terrorist group, any type of terrorist group. mentally ill if you hurt a person the way this guy clearly wanted to do. it's as if there is different variations of crazy. to me you are crazy if you're willing to do. this you are saying it's not
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something that necessarily happened all at once, something people should have picked up on a long time ago, there may have been symptoms, he may have had the psychiatric disorder for a long time. >> trish, you said the most important thing. i'm glad you brought this up. a lack of empathy, a lack of feeling of people. not thinking of people with compassion. those of us that are normal care about other people and think, what would it feel like to be in their shoes? obviously, this awful mass murderer wasn't thinking that way. that didn't happen overnight. not like one day he was caring about people and the next killing them. this evolved over a period of time, it built and built. trish: the fbi is interviewing his girlfriend right now, marilou danley, she arrived from las vegas into las vegas from last night, overseas, they're speaking to her, and the president is there at the university center medical center there in nevada.
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he's about to speak momentarily. we'll go him as soon as he appears. in terms of her, do you think she would have had any clue? if you are living with someone, if you're having a relationship with someone and he's planning some kind of massive attack, wouldn't she have some knowledge of that? >> you know, from what we're hearing about her, the relationship was built around the casino. they had a certain kind of relationship where she used to work there, they met. he was a big high roller with poker, gambling. her as well. he may have hid a lot of this from her. i think you are right. over time, if you've been with someone since 2013, you absolutely would see clues to changing behavior to. deteriorating behavior. to strange, bizarre behavior. i think she's probably going to reveal some of that to the fbi. that would be my suspicion. trish: perhaps get answers. i want to bring mike baker into the conversation as well, dr. siegel. mike, what is it they are asking her?
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if you are conducting this information, what are the top things you want to know right now? >> part of it is formed by what they learned over the past couple of days. gathered the data, information by talking to associates, anybody who knew about their relationship. everything they could gather forensically from the electronic devices they picked up. that helps to form the questions. what they're looking for, they're looking for -- they're looking for everything. the list of questions is exhaustive, and you essentially start by saying, you know, were you aware of his mind-set? what did you know? you frame it in a more eloquent fashion and veer your way into there and determine at the outset, is she a cooperative interview? and because this thing, it turns, all of a sudden she decides she wants a lawyer, and now you're into a more of a hostile situation and you have to start interviewing her as a suspect rather a cooperative witness. trish: is this why they were so careful how they were interested in her as to whether or not she was a suspect of
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interest or person of interest, they were very careful with the language. they needed to get her back here, i would imagine, out of tokyo to ask the questions. >> she agreed to come over. she's been cooperating up to this point. the fbi out of the office in manila, working with the philippine authorities. they reached out to her. while we were frustrated for a day and a half thinking why weren't they questioning her, they were busy getting their hands on her to do a proper series of interviews. trish: we still have dr. siegel along with mike baker, formerly of the cia. we have a live picture right now of the university center medical hospital center there in nevada where the president is meeting right now with victims and victims' families, and you can imagine this has been extraordinarily traumatizing. you think about, dr. siegel, going in that evening, see a country music festival, and you know being happy and the whole world is in front of you, and
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then, being badly injured, wounded or losing a loved one. it is an extraordinarily traumatic thing for any of these individuals to have to go through? >> over 500 people taken to hospitals. the one in the background is a very, very, very good trauma center. a level one. meaning a general surgeon is on call 24-7 in the hospital. they have trauma areas behind where you are looking, the size of three basketball courts. they have operating rooms and stabilizing patients, they got the bleeding to stop. they saved many, many lives over the last couple of days. had to go in for repeated surgeries. that's not to take into account the emotional component of families involved. first responders that were picking up people on the street that they knew, that were friends or family. the whole community coming together, people lining up to give blood. this was an extraordinary, courageous response to the situation. the exact opposite what we
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described in terms of the shooter. trish: dr. siegel, for people watching this program, it's been a tough go, right? between the hurricanes that we have seen between the vegas devastation, it's been a challenging time. this president has not been free from controversy as he has taken office it. feels as though it's been one horrible disaster, if you would, after another. i would imagine for some people as they watch this, i had a very heavy heart that day on monday, and you and i spoke, i've had a heavy heart all week. it's a challenging time for anybody watching all of this unfold. >> i wrote a book about this point. i think people could end up with more anxiety or depression watching the scenes, even if they weren't part of it. i would tell them focus on what makes you feel good. loved ones, family, exercise, eating right, sleeping right.
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be careful about absorbing too much of this worry. you should watch us because we're giving the news and the up to date. try to focus with the courage of the first responders and the doctors and nurses who saved lives. >> excellent point, it's tremendous, and mike, i know this, you're the cia guy, but when you see people coming together like that, it is uplifting, and all of these horrible situations recently, we have seen examples of that from texas to florida to puerto rico to las vegas, of americans really being true to the spirit of being an american and coming forward and helping each other. >> for all the people there at the concert, just people from all walks of life. they're just there, and they see this level of chaos and horror and violence that's played out in front of them. there was an iraq veteran at the concert and he was quoted as saying this was far worse than anything i saw in iraq. you think about the folks, go about their days, clerks or
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accountants and now they have to process and live with, this as with all the fatalities and injuries. trish: 11 minutes of gunfire. can we play some of that sound. i want the viewer to hear it. we're not going to do all 11 minutes. just a few seconds. this is what folks had to encounter that evening. [ gunshots ] [screaming] [ bleep ]. trish: that's what they saw can, you imagine? you know a lot of those people initially, mike, they didn't run because they thought this was actually fireworks. they didn't know what they were hearing? as you can imagine the shock of the situation. >> almost point of view camera of being in combat. in a sense. right? and these are all helpless people and basically in a kill
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zone with very few options in terms of looking for cover and getting out of there. so and there are 67 police body cameras full of similar video. along with the public access. cctv's. trish: and his cameras as well. his cameras that he rigged up so he could figure out when the police were getting closer and closer to him, before ultimately committing suicide. dr. siegel, in terms of the suicide, do you think from the beginning this was a suicide mission? he knew absolutely at some point after he hit his targets and the police were closing in on him that he would take his own life? >> i do think that. again, i can't be inside his mind, it seems like there was no exit strategy here. he sent his girlfriend away. i'm very interested what mike thinks about what they're going to ask her. i agree with your point, trish, she knew something. there's no way she didn't have a sense. you don't get on a plane to the philippines and not think something is going on here.
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yeah, i think he had no exit strategy, and i think that -- to the people that were watching, again, this was a great tragedy, to actually be there. now, you talked about people freezing, mike. people freeze this place. it's a fight or flight response. when you hear the gunfight, you don't know what it is. as soon as you know what it is, you freeze and adrenaline and noradrenaline kicks in and you flee. and you are trapped in the spotlight, and that's how can you get hurt. >> vision starts to narrow, you lose hearing, fine muscle rate starts to lose control. >> heart rate goes up. blood pressure goes up. >> if you are not trained, it's incredibly difficult to fight your way through the burst of adrenaline, but you have to. to the doctor's point, the attacker knew he was going to die there. you typically see when you look at attack sites after the fact,
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particularly terrorist attack sites, they're looking for a way out. what's the escape plan after the ambush or the attack, whatever it may be? and there was no escape plan for paddock. he knew he was going to die there. trish: in terms of the girlfriend, we were talking about this before, as dr. siegel said, he is curious what you would be asking her right now? what is the tactic you take? you need her on your side as an investigator, but need her scared enough to be on your side as well. there's two good cop-bad cop, i imagine, do you think they have different people playing different roles in the investigation? >> they may have to go that route. they will want a cooperative witness, and as far as, again, what they're looking for, it's everything. it's what did you talk about over dinner? trying to re-create this individual's mind, and so you're looking at every
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conversation that they have had. you're looking at the point, when did he start buying weapons? reports from the atf he bought 33 weapons during the last year. okay, what was his mind-set doing that? what did he talk about when buying the ammunition? what did you talk about in the car, when you are watching tv, going to bed? all of this takes time. trish: if she gets a lawyer does, she shut down? >> it's a possibility. >> go ahead, dr. siegel. >> you are talking about the political bickering going on and all the attacks that the president has taken. i was thinking that after 9/11, the whole country came together. granted it was a totally different situation, terrorist attack from outside the country, felt invaded, wouldn't it be nice if everyone stopped with the political divisiveness, is this a gun control issue? and just said we've been wounded here, hurt, this is terrible, feel for the people vegas. you know, feel for the people of puerto rico.
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feel for the people of florida and texas. come together for once. trish: i think we're seeing some evidence of that. politics aside. we are seeing some evidence of it. we are waiting for the president as the fbi continues to question this woman of interest. we're going to be back with the president of the united states who is, right now, speaking to victims at the university medical center in las vegas. we'll see you back here in two. think your large cap equity fund has exposure to energy infrastructure mlps? think again. it's time to shake up your lineup. the alerian mlp etf can diversify your equity portfolio and add potential income. bring amlp into the game. before investing, consider the fund's investment objectives, risks, charges, and expenses. read the prospectus carefully at
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. trish: waiting on president trump right now. he is speaking to victims and family members there of victims in las vegas at the nevada hospital. you see the live picture there. he'll be out momentarily and addressing everyone momentarily. this all happening as the girlfriend of the shooter returned to las vegas from the philippines, she is now being questioned by the fbi and they have a whole lot of questions for her. dr. siegel is back with us.
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he says this is a man who is psychotics for years, he did not simply snap. this is something that likely the girlfriend may have picked up upon since she has been with him since 2013, and mike baker, formerly of the cia is still with me as well. and mike, one of the things you and i were talking about off camera during the commercial break is how challenging it is for people when they go into public venues right now. if you are on your way to a concert tonight, are you thinking about it differently and should you be thinking about it differently, given the state of vulnerability we find ourselves in? >> yeah, if you can take anything away from the awfulness or the types of events here, the ariana grande concert bombing or whatever it might be, as a member of the public, you're not going to walk around the streets of whatever city you live in at a high state of alert. you can't do it in afghanistan or iraq in a theater of combat. not going to happen. you have to pick and choose your times when you raise
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awareness, and again, as a member of the public, that's one of the few things can you do. if you're going into a concert, look around and say where are the exit here? if something kicks off, where am i going to go? how am i going to leave here? it sounds odd. trish: sounds wild, a little paranoid. you hate to think you are living in a state like that. you have been trained by the cia. you have been trained to go into a room and look for exits and know your plan of escape. rest of us, no. >> i'm weird, i count steps up stairwells, i count distances from one door to the next, constantly counting which is odd admittedly. i'm aware of the surroundings, it's not a lot of work but you simply look, if you're at a concert or stadium, you think if i have to get out of here, if i'm by myself or with family and friends, where do i go? is there cover? what do i do? play that game in your head and realize it's simple.
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because you can't walk around up here like, this and some of this, our personal security has to come down to individual responsibilitys. >> it's been challenging in this recent pc environment because people, gregg jarrett is joining us as well, fox news host gregg jarrett and legal analyst for fox. people have been hesitant, gregg, to say something, they don't want to be profiling in any way, in this particular case, there is nothing they could have come forward with anyway. how do people think about who they report in an environment like this? >> it's very difficult. and look, the laws already are there to protect against people who have mental illness, if you're adjudicated as having mental illness. you can't get your hands on a firearm or legally you can't do that. but to the extent that anybody may have known what this man had in mind, i'm fairley
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dubious about that prospect even his girlfriend. it appears by all accounts, he was trying to hide this from her, sending her out of the country and hide this from everybody else. trish: well, you wonder. i think, and we've been talking on the program about all the questions they're probably asking her right now because the fbi just sat down with her, and they are extremely curious about everything that transpired over the last several years with this gentleman, but greg, you can't really leave anything unturned. she's from the philippines, he sent money back to the philippines, i don't know where she's from in the philippines, they had flares with the muslim separatists. isis is claiming responsibility for the attack. isis is so desperate that they're trying claim whatever they can. there are obviously a lot of
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questions and the fbi has to look at absolutely everything, greg. >> they do, and, yes, they would have to look at a foreign connection, but isis has a long and distinguished track record, if claiming credit falsely for things they had no connection with. so can you give -- you can't give terrorists like that credibility when they speak. but the fbi will be asking a whole load of questions and have to do it gently so she doesn't lawyer up. that would be the worst thing for the fbi is to obtain a lawyer and he advise her to not speak. they have to be gentle here in the approach and get as much information as they possibly can. only if she knew in advance and engaged in overt act that assisted him in carrying out his heinous deeds would she be held legally liable. trish: this is interesting, the lawyering up. if she has had -- i don't believe she's had time to
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consult with family members because family members may have had time to think about this. you saw her sister on television saying she had nothing to do with this and she was sent back to the philippines by this guy, perhaps to keep her out of harm's way. but the danger of getting a lawyer, what kind of time frame does she have, mike, between now and when she actually gets one? >> well, i think she has been talking to family in the sense that she undoubtedly was visiting with some members of family and possibly hong kong, a side trip to hong kong, and large filipino population in hong kong. so there's a possibility she's been talking to family. the fact she flew back -- again, it was a fairly rapid response. while we didn't see it, it was happening in the philippines with the fbi and the philippine authorities to ensure she would cooperate, get on a plane and say we've got get through extradition, deportation, she came back on her own accord.
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trish: that's a good sign. we're going to take a quick break. thank you dr. siegel, don't go anywhere, gregg, stay with me. mike is going to stay put. we've got the president of the united states to come forward to talk right after this. what powers the digital world. communication. that's why a cutting edge university counts on centurylink
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. trish: i want to take a look at some of the casino stocks, which are looking rather mixed right now. mgm is actually up. mgm suffered over the last couple of days because mgm is the one that owned mandalay
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bay, and that is where the shooter operated from on the 32nd floor. gregg jarrett, one of the things that i think is a little bit odd about this whole thing, and perhaps why mgm might be a little nervous about all the lawsuits that could come forward and, of course, investors would be nervous as well is that his hotel room was passed by three days in a row, and the do not disturb sign was left there on the door for three straight days, but for some reason it didn't raise any eyebrows, nor did his carrying in of all of this weaponry? >> right. a loss of hotels, especially in highly populated areas like this, that are very transient do have stated policies that even if there's a do not disturb sign within 48 hours, a hotel personnel must enter and check on the contents as well as the occupants. i don't particularly know if
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that's mgm's policy, it could be 72 hours, i just don't know. but in america, anybody can file a lawsuit. however, frivolous they may be, or without merit, i would expect lawsuits to be filed here, based on some of the individuals that were injured and those who may have been killed, those would be wrongful death lawsuits by relatives, claiming inadequate security and negligence in trying to hold mgm liable for that. that's a tough road. if an occupant of a hotel room secretes the machinery, the weaponry into the hotel, you know, they don't have metal detectors for that. they don't check your bags. that's not standard industry practice, so there's no problem there, and if he was hiding them in a closet unseen by personnel who were checking, then, again, it would be very difficult to prove inadequate security in monitoring hotel
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guests. trish: the guy keeps the do not disturb sign on for three days. >> people do that all the time. trish: adam johnson joins us as well, gregg. i know the ceo of mgm, he has done a pretty remarkable job trying to get that company out of the depths of despair it was in back in 2008 when it really took a nosedive, and debt situation was a disaster. he's really rebuilt from that. >> he has. trish: and a challenging time and as this all is unfolding. >> what did he tell you? trish: he didn't response. i heard from the pr department. he said we'll get back to you shortly. they are in the thick of this and trying to deal with it all, and i would think, anyone who runs a company, this happens under your watch, it has got to be devastating. >> absolutely devastating. as gregg points out, only so much a hotel can do.
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when i heard about this myself, i think my god, how could security people not have noticed someone coming and going that number of times to bring that number of weapons into a hotel, it seems to defy logic, and there is also this thing that we cherish called freedom in this country, right? you don't necessarily want security people checking every single person, every single time they come in. trish: they do in israel. you go to a hotel in israel, they're going to make sure you are who you are and they're looking at you a lot more carefully. >> by the way, that's survival. they have to. if you fly on a plane out of jfk in el al. if you fly with a business partner, they will put the two of you in separate rooms and ask you the same question to figure out if you have the same answers. trish: interesting, viewers know this, my husband is an investment banker and an m&a guy, so he was flying recently to tel aviv and sure enough on el al, they brought him aside, and the woman who was at the
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security countersaid, well, you know, if pharmaceuticals wanted to acquire, who would you recommend? in other words, they were questioning him to make sure he was who he was and understood the industry he supposedly represented. this was an important step. we don't do that because our security people they may not know what m&a is and what teva pharmaceuticals is. the security is phenomenal, but certainly at the airports. let me segue to the markets, a stock market adam up 20 points. it's as though nothing can get investors down, right? despite the fact that we've had horrible natural disasters recently. >> right. trish: a horrible tragic situation in las vegas, which would think might take a chunk out of vegas's profits in the near future. >> you might think. trish: people might be reticent
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to travel there. the market you can't get this thing down with 22,661. >> let me just note, what happens in las vegas was one sicko. one deranged sicko. there was no conspiracy that the police have been able to point to. nor that they can prove. i think that's an important statement we have to embrace and recognize. this country is not under threat by something now suddenly because of what happened in las vegas. it was a sick, deranged person who inflicted horrible things to us. >> that's what investors are doing. >> this is not a market story, it's a horrible story. it's a human tragedy, it's the largest gunning down of americans we've ever seen, and yet strangely, perversely, i hate to say, it it's not a market story. trish: because the market is based on the economic fundamentals. >> that's the story, it's 10% earnings growth. trish: i was going to go one further, taxes, too. there is optimism about tax
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reform coming forward, earnings are looking good, economic fundamentals are looking good. improvement in jobs and wages, and hopefully we will see a tax cut for certainly corporate america and individuals as well. we're going to talk a little bit about that as we await the president of the united states. adam, gregg, don't go anywhere, we'll be right back. im vern, the orange money retirement rabbit, from voya. riiight. and that means...? i'm the money you save for retirement. i help you get organized so your money could multiply. see? got it. who's he? he's green money for spending today. you know, paying bills, maybe a little online shopping... makes it easy to tell you apart. that, and i am better looking. i heard that. when it's time to get organized for retirement, it's time to get voya. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone
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. trish: a market that just can't stop moving higher. another record session on the street. dow, s&p both hitting new all-time highs. seeing a little downside barely on the nasdaq, but still up on the dow and the s&p. this is all coming on the heels of the president's push for tax reform which promises to benefit america's small businesses by cutting the corporate tax rate from 35% to 20%. joining me is former ubs chairman and 32 advisers ceo robert wolf. good to see you. >> good to be here. trish: no secret you are a big hillary clinton supporter, someone who understands money,
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obviously. how do you reconcile this, the fact the stock market keeps moving higher, despite the fact the guy you would have warned america against and not whom you wanted to see in the oval office is there? >> yeah, well, i didn't actually vote based on where i thought the stock market or tax reform was going,ing and, listen, there's a difference between what hillary's policies would have been and the president's. i don't think tax reform would have been at the forefront or i would view this as a tax cut. i think she would have focused on first infrastructure as a way to get the economy going. but the president is the president and his focus is on tax reform. and i would view, this trish, as a tax cut than tax reform because it's not going to be revenue neutral, it's going add to the deficit. trish: you are kind of doing his job for him here. the tax cut, people like hearing that. but i hear what you're saying. >> we can't afford it, and my recommendation and i'm for tax reform and free trade, and so
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i'm a pro-growth democrat, is the way i would view it. that being said, i think that if he just focused on business tax reform, i think we could get it past this year. i think comprehensive tax reform is going to be highly unlikely to get past. i don't see the fiscal hawks saying yes to it. don't see the democrats saying yes to a tax cut. trish: then you are right, you're going to be not able to get this done, if that's the case. we don't have a ton of time but you said something interesting to me, and i think this election cycle has put into focus the idea of free trade and globalism and we can grow the pie for everyone because what donald trump was able to tap into, i think was actually a lot of the traditional blue collar democratic base that is anti-free trade because they have seen job after job after job disappear overseas and they're very resentful of that. when you think about free trade in this environment given all these changes, are you still
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thinking of it classically and that you can grow the pie for all? >> i would have looked at free trade differently. i was supportive of the asia-pacific trade agreement and china was not part of that. so the best way to make sure we're trading bilaterally with the 11 countries who were part of it and not dependent on china trade is to have trade agreement where it doesn't incorporate china. i think it would -- i think we are looking at it the wrong way. that being said, listen, i'm supportive of nafta. that doesn't mean it doesn't need to iterate. i don't think we can have barriers around our count we with respect to trade. trish: robert, so good to see you. >> thanks for having me on. trish: thank you so much. we'll be right back. d... liberty did what? yeah, liberty mutual 24-hour roadside assistance helped him to fix his flat so he could get home safely. my dad says our insurance doesn't have that. don't worry - i know what a lug wrench is, dad.
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trish: president trump's suggestion for dealing with puerto rico's massive, multibillion dollar debt is to wipe it out. in other words, he doesn't want to see the banks go and collect. how does that work? puerto rico's been mired in the financial chaos and crisis since long before hurricane maria hit, thanks to inefficient government that's been spending more than it's taken in for years. president is about to speak, let's listen in. he has been there in las vegas, talking to doctors, victims, family members about the horrific tragedy. he's there to address everyone right now. >> i just met some of the most amazing people. we met patients that were absolutely terribly wounded, and the doctors, the nurses, all of the people of the hospital have done a job that's indescribable. and they were full the night that it happened, before it
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happened, and they found room for how many people? >> we had 100 come in and admitted 50. >> what i saw today is just an incredible tribute to professionalism, and what they have done is incredible. and you never want to see it again. that i can tell you. and the patients, the bravery, some were very, very badly wounded. they refused to leave, they wanted to help others because they saw people going down all over, and it's an incredible thing to see. tremendous bravery. the police department, incredible. people themselves, incredible. people leaving ambulances to have somebody else go because they thought they were hurt even more so. the professionalism of the doctors and the medical staffs at this hospital and at other hospitals, you're seeing how the coordination. >> the community covered everything, did a perfect job. >> john, say a few words.
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>> we couldn't be more proud of the community response. every hospital took serious patients. everybody took care of them well. and we've exercised our disaster plan in las vegas and it was rolled out flawlessly. >> i have to tell you it makes you very proud to be an american when you see the job they've done. and people that would not be around today are up there and they'll be leaving in two weeks, five weeks, some cases even in a few hours. >> few hours. >> one in a few hours, and you would never believe that. i want to congratulate everybody. it's incredible what you've done. we met quite a few people, and believe me, they are very lucky to be here. >> what message do you have for them, mr. president? >> the only message we have to say is we're with you 100%. i invited a lot of them over to the white house. if you are ever in washington, come over to the oval office. and they're all saying we want
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to do it. and believe me, i'll be there for them. but the message that i have is we have a great country and we are there for you. and they're there for us. >> any indication of a gun violence problem? >> we don't talk about that today. >> any indication of motive, sir? >> not yet. i can tell you it's a very sick man. he was a very demented person. we haven't seen that yet. but you will know very soon if we find something. we're looking very, very hard. i'm actually going over to the police department. the doctors were incredible. the fact they were able to locate that zone. 11 minutes, whatever it was that kept them busy, they knew he was firing and coming to the door at that point. i think they did an incredible job. the professionalism is amazing. i want to thank you all, and we're going over to the police headquarters. and doctors, thank you very much. we appreciate it. thank you. thank you.
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>> any response to rex tillerson's comments? >> i'm very honored by his comments. it was fake news, a totally phony story. thank you very much, it was made up by nbc, they just made it up. thank you all. total confidence in rex. total confidence. thank you very much, everybody. >> that's the president of the united states speaking about what a horrible tragedy this has been in las vegas but emphasizing the positive here which is that people do come together in moments like this, and that's really the spirit of who we are and that is fundamentally what our country is about. it has been, as i said, an incredibly challenging time. think about all the natural disasters in texas to florida to puerto rico to now of course this devastating situation there in las vegas. authorities are right now interviewing the woman who is said to be the girlfriend of the shooter, marilou danley,
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who returned from overseas last night and just moments ago, at the top of the hour began the questioning by the fbi. but again, it's been a very challenging time for the country with all of these natural disasters. i'm joined on set by john lonski, who, we talk about puerto rico and seen the devastation that's come out of there, sir, and the president has now recently -- do we have the sound? we can show the viewer what he had to say about puerto rican debt. we don't have it. he basically said, they're those wall street guys they are not going to get paid. in your view is that going to help or hurt puerto rico. the market disagrees with the president because they were price of roughly 40 cents creditors and bondholders are going to get something back but it will be well under that
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full dollar that they originally expected. why is the president talking about municipal debt. if you wanted to talk about u.s. treasuries i get it. >> one of the problems he head with this. we have some wheat municipal credits out there. this has the effect of depressing the price of weak municipal bonds. what would you advise people now on whether or not they are going to buy any of the puerto rican debt. it's can be a 10% coupon on this thing. if it looks too good to be true it may be. you have to have a strong stomach for speculation. you've to have a real gamblers type of approach to this at this point. it doesn't help when the president is there.
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it is good to see you. it is definitely a sad day there. more than 500 of them. ashley webster is in for liz claman. president trump on the ground in las vegas making comments after meeting with the victims of the deadliest shooting in the nation's history. the skill and expertise of a medical professionals at the hospital that took in all of those injured in the deadliest city. as we learn more about the man who killed 58 people in a country music concert. hoping to learn more from his live-in girlfriend. just returned from a trip overseas.


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