The 17 counts of firstdegree murder and the contents of the sworn affidavit by detectives crating the actions of the defendant in going to Marjory StonemanDouglas High School on february 14th, 2018 with a premediated design in that he went loaded with an ar15 rifle. He had additional ammunition with him, during, and shot seven teen individuals who later died as a result of the gunshot wound. And then he fled the scene. So the state is seeking a no bond hold on the defendant. Defense . Your honor, the defense has no arguments at this time. Well defer until further court proceedings. Mr. Cruzs to remain eye lent relates to any law epforcement agencies involved in this case both state and federal level. I reviewed the probable cause affidavit. Mr. Cruz filed in your case and i find probable cause. I further find the proof of the guilt to be evident or presumption great. Therefore, mr. Cruz you are held without bond until further order of the court. This order is without prejudice for to you set bond with your assigned Division Judge and request a hearing under state v. Arthur. Has anybody know if he is as signed a Division Judge yet . Yes, your honor, assigned to judge shears. Thank you very much. Sir, you will held no bond. [inaudible] okay. Trish the judge making the decision to hold nikolas cruz there with no bond. That was his first court appearance. And he is charged on 17 counts of murder. Joining me right now, former fbi assistant director chris schweikert. Chris, so, no, is he considered a flight risk . I would imagine so. No opportunity for bail here and he, i would assume, that the state will be seeking the Death Penalty in this case . Right. In addition to a flight risk he present as danger to the public. That is the overriding concern for the judge here and the general public. And so the Death Penalty as well. That adds to the equation when youre setting bond. That was a pretty quick and easy decision for her. Trish i think what is most disturbing about this for so Many Americans, i mean parents sending their kids to school today, with a lot of trepidation and the president saying that no parent should really have to ever feel like that, no parent should be fearful about their child being in school and yet, given all of the shootings that happened this year and over the last decade plus parents are fearful and this is a reminder how vulnerable we all are. But in this particular case, the fbi knew, they had been made aware of obviously this guys mental instability and his desire to carry out a crime like this. Why was nothing done . Okay. First let me say i lived in that community there, my heart goes out to them. I lived down there for eight years within walking distance of that school while i served in the fbi office in miami, and to address your question, my understanding from listening to the press conference from special agent in charge lastky they god a very thin lead about a nikolas cruz wanting to be a profession shooter. I thought i heard youtube. They ran checks and they werent able to identify the nikolas cruz in question. Cruz is a fairly common last name. I see where they may not be able to chase him down. Trish the kids knew he had been a problem. He was expelled from school. He wasnt allowed on campus with a backpack. How does that not make its way to the fbi . Well all of that should have come together in a risk assessment. Every school should have that. There should be an action plan. They need to work with the local Police Department. The fbi office in miami doesnt have the resources to respond to that type of threat. That is local Police Problem in the first instance of a triage process. The fbi can assist, study the incidents. They dont have a primary bring jurisdiction. That is general misunderstanding in the public that the fbi has primary jurisdiction. They are there to help but the local Police Department and Sheriffs Office should be working with the school. This is not passing the buck because im a retired fbi agent. But these are the facts. So i dont want anybody to think im passing the buck along. Trish i hate to think these 17 young lives were lost and we run the risk of having Something Like this happen again. Absolutely. Trish we need to be more proactive and we need to learn from these. There are far too many. There will be a whole raging gun debate. Lets not forget, if you want to kill someone you can find a way to do that. You can use a truck. Weve seen examples of that. What i think we ought to focus on, how the fbi can help in this way the mental hello issues people in it country are facing. And if they are a threat to society subpoena shouldnt we take that more seriously. You used a great word. Proactive. You will not spike the end zone because you solved the case afterwards. This is all about prevention. I do School Security assessments on the side. My first recommendation is, first have a got recording system so that people that want to Say Something know where to go to pass information on. They can do it anonymously or they can do it directly to the School Resource officer but there needs to be a process. Then someone need to look at that information and assess it. Now this case some sort of rudimentary process was in place. We all know it takes a lot to get expelled from school these days. He got himself expelled. After that someone should have done an assessment to see what kind of danger he presented. If necessary, gotten a restraining order so they could arrest on sight, not just dont let him on campus with a backpack, but, then monitor his, then it would be fair game to monitor his postings. And in addition to that, schools need a safe harbor. If they report something, we need to make sure they cant be sued, like banks cant be sued for reporting suspicious banking activity. There is a lot of fear in the schools, if they report something, hipaa might come into play with reporting. That came in to play with virginia tech. They might be stigmatizing some student. We all want somebody to get their education there. Is a point you have to look out for the greater good here. Trish when you think that students there had even joked about it sadly. Absolutely. Trish if anything ever happened they knew who would do it. This was a very troubled very. Everyone knew it. The idea he could commit such an atrocity despite all the warning signs is truly tragic, we must, must learn from this. Thank you, chris, for those suggestions. Youre right. We need to put a whole lot into action at these schools. Well talk more about it over the course of the next hour. Right now lets not forget how tragic it is for all of these victims there in florida and all of their families. Seeing it firsthand is fox news chief National Correspondent ed henry outside of the hospital where some of the victims are being treated. Ed . Tough day. Reporter good to see you, tough day, trish. Broward health north is one of two hospitals where victims have been brought and youre right it is important to remember the human dimension here, people at this hour are fighting for their lives in this hospital. Initially there were nine patients brought here including the 19yearold shooter. He was released into police custody. Two victims died at this hospital. There are three patients city left. Others have been released. We have a tiny bit of good news just in the last 10, 15 minutes, which is one patient who was in Critical Condition has now been upgraded. Another patient is now also upgraded to physical therapy. So theyre battling back. There is only one patient left still in Critical Condition, one patient too many in Critical Condition. Hospital officials right now are telling us they will be giving us more information in the next few moments about just what the last patient in Critical Condition is dealing with. Meantime the Broward County sheriff a short time ago told us about the painstaking process of not just still fighting for lives here but notifying the families of the 17 vick hims who were killed. Watch. All the families have been notified. Our detectives worked through the night on this very daunting and challenging task but it had to be done. It was the right thing to do. They worked tirelessly. This community is hurting right now. Reporter and they also released a mug shot this morning. You saw that the 19yearold shooter was transported into custody and of course that hearing you played live moments ago. He is facing 17 counts of premeditated murder. Pam bondi as you know, the state attorney general heres is already talking about the possibility of the Death Penalty, trish. Trish one would think that would be exactly where they go. Judge napolitano earlier today saying if theyre able to somehow prove that he was in fact quite insane, i always look at these things, you have got to be insane to do something as horrific as this. Reporter right. Trish if they can prove he wasnt in his right mind they wont be able to seek the Death Penalty but i would think, ed henry, that is exactly where they start. Youre talking to families there. Youve seen families. I cant imagine what that is like for them right now, for that community. Even for the kids that were fortunate enough to make it out, or make it out of that hospital there behind you, their lives, ed, will never be the same. Youre right, trish. As weve been talking to hospital officials theyre saying that the victims are not just the ones who were shot. There are people dealing mental trauma Young Children witnessed their friend being killed even if they thankfully are able to survive. Eyewitness accounts on the ground here, students going through hallways, seeing blood and guts, it is disgusting, tragic, harrowing. This community will be dealing with it for a long, long time to come, trish. Trish horrible, horrible stuff. Ed henry, thank you very much. Well keep checking in and saying our prayers for those people in the hospital. Thank you. Turning to the markets right now we have stocks near session highs up 204 points, 25,097. Stocks trading higher to the fifth straight day. Investors brushing off worries about higher Interest Rates and inflation. The 10year yield has been creeping up. People are coming to grips, gosh, is it going to basically yield 3 , maybe even more . Well maybe it should, right . If your economy is growing and doing well, natural you see the 3 yield on the 10 year . This is delicate line, tightrope, effectively the fed is walking. I want to go to Nicole Petallides who isthe floor of New York Stock Exchange. Not just the fed talking about here. The fed itself, they dont want to runaway inflation so a little is healthy. We have our Producer Prices out today on the heels of the cpi yesterday. Both of them showed some inflation to the upside. Inflationary pressures. That first spooked our markets. We did see strong gains in the cost of gasoline and health care. That shows that the economy is growing. So you are going to see Interest Rates creep higher as well. Here is a look at the dow, up 197 points. 25,091, a fifth day in a row of feigns. We dont have 500 point swings. Look at apple, up over 3 . This is after Warren BuffettsBerkshire Hathaway announcing that they upped their stake in apple. It is at 172. 50, folks, helping to lead the major averages. Some of the other winners, united technologies, proctor gamble. To the downside oil is 61. 10. It had moves today. Exxon and chevron are in there with price target cut on chevron over at hsbc. A quick peak at Technology Overall which is a goodperforming group today. You see cisco, apple, alphabet google, microsoft all gaining. Vix takes a breather. Dow is testing its 50 day moving average, it gives people a little feeling selling something done. Were off 50 from the selloff. Trish we needed a little good news, nicole, thank you. Well keep talking about the markets over the course of the next hour. As well as keeping you updated on all developments out of florida. A little good news with the market above 25,000. Of apple up 5. 25. We will have more with Keith Fitzgerald and Jon Hilsenrath joining us next. Trish all right, we have got markets higher right now, up 207 points, right near the highs of the session. Nice to have a little good news out there today. I tell you this is happening despite of release of new Economic Data showing, yes, inflation has picked up in the last month. At least that is okay the market is saying today. We have wall street journal global editor Jon Hilsenrath and strategist, Keith Fitzgerald. Look at the 10year yield. This has been creeping up higher and there is an expectation that basically 3 is going to be the new normal. I think theyre working on that but were hovering around 3 right now. Jon, 3 , any reason to worry about that . Well, i mean in a normal world that would be a very low Interest Rate but rates have been much lower than that for the last few years, below 2 at points. So i think the market is taking some adjustment, going through an adjustment period to get used to this return to normalcy so to speak so that adjustment is some cause for worry but if it happens smoothly then the markets ought to get back to normal. Trish okay. We do have the 10year for you. Lets take a peek. Okay, 2. 89 . So you know, a little bit lower today but nonetheless 3 could very much be within shot, certainly sometime within the next six months or so. What does that do to the fed and their willingness to raise right now, keith . Well, ill tell you, two things will happen. Number one, it forces the fed to look at models it is using. It forces traders look at the fed by virtue models they use. Lets not forget the 70, 80, 90 of all trading today is it computerized. They are trying to remove the risk from the equation. When you have fast Interest Rate movement over last couple weeks, we have computers duke it out. That is the why we have huge swings of volatility. As it calms down, a ripple in a pond, becomes glass. Traders go to fundamentals. I counsel investors to think about ceos. They dont play with models. They play with real money. Guidance is good, earnings are strong, that is where you need to pay attention. Trish go ahead. I have a question for you, jon. Go ahead. I was going to make one point this rise in longterm Interest Rates and volatility that weve seen in stocks and declines we saw in stocks a week ago, some ways take pressure off of the fed because the fed had been raising Interest Rates and it had not been seeing financial conditions get anymore restrictive. And that put pressure on them to move more aggressively. Financial conditions are becoming more restrictive because longterm Interest Rates are going up. So the fed is seeing the kinds of reactions in markets it would expect. That take takes a little bit of pressure off them. I dont think the fed will look at whats going on in the markets right now and dramatically change the way its responding to the economy. Trish well it should be looking at inflation data really. Right. Trish i dont like the idea of the fed looking so aggressively at markets anyway. You have can have all the temper tantrums, taper tantrums i should say, the fed should be more the parent shall we say in this situation. But let me ask you this, jon, because this is the fear, right . And by the way i should point out for the last decade every time i went to do a panel, at least for like the first five years and talk to investors everybody would tell me there is great rotation its coming, its coming, any day well get inflation that will be runaway, it will be crazy and this will be a huge, huge problem. Well they said this, they said this, they said this yet the market kept ticking high every and higher. It never came to fruition. Right. Trish jon, im hopeful it never comes to fruition that were able to contain this inflation and that its modest but what does it do to the economic environment, if for example, suddenly Mortgage Rates are much higher . And people cant take out as big of a mortgage because they cant afford as biggs of a Monthly PaymentMonthly Payment, housing so Many Americans are invested in starts to suffer . You put your finger on one of the aspects of rising Interest Rates that is really important. So the first place we look at are interestrate sensitive parts of the economy and housing is the most interest sensitive. Autos is another area highly Interest Rate sensitive but if rates go up a lot, yes it will hit the housing expansion weve got. Having said that, inflation tends to be a slowmoving process and weve had inflation that has run below the feds 2 target for five years now. If it run as little bit above it for a while, i dont think that is the end of the world. The question is, looking a year or two years down the road, does this process get out of the feds control . Does it need to move rates up even more than it had planned to try to wring inflation back down to 2 . That is it something that is going to happen very slowly. That will not happen overnight. Well have a lot of time to look at data to adjust to this. Trish i think youre right and that is something that should grabbed all. Keith, your thoughts . This i