Yet again no agreement shall be reached. Well see wti is still up about a little less than one percent. Home builders stocks surging. Homebuilders are having a party today. We will discuss whether you should be buying these homebledder stocks. A suspect in new york and new jersey terror attacks is in custody after a shootout with police. We will have the latest and discuss how to keep the city safe when the mayor of london who is here to ring the closing bell joins us. Lets start with markets remaining calm after this weekends bombings here in new york area. Bob pisani has the low down. Plus s p 500 getting first new sector in nearly 20 years. Very exciting for us market nerds. You and i are one of them. We are the two biggest market nerds out there. Lets take a look at sectors. The problem, energy was strong early on. Oil hit a high in the early afternoon. About 12 00 drooped down. Energy, Market Leader still up but not as much as before. There is our new sector, the 11th sector of the s p 500 first new sector since 1999, Real Estate Investment trust. These are stocks that own and manage real estate. They had a good year outperforming s p 500. Why not . Long term Interest Rates are low. They pay high dividends. A lot of people want to own them. That is one reason why it was spun off. There are different retes. Big shopping outlets. Tanger, equity one, kimco. You say retail not that hot anymore. The biggest malls in the country still are doing well, still produce excellent returns. Then there is a little nerdier part like data centers. These are most performing. These hold corporate and personal data for many companies. Thats in demand. That is a big hot sector out there right now. Reits the 11th sector. We will see investments built around that like etfs and other packages. That is attracting investment in the etfs that hold reits. We have seen volume come up and that creating the 11th sector has attracted new investments. Well see you at the close. Lets get to our closing bell exchange. David wadell is at post nine. So is steve grasso and jack checks in from chicagoland. Steve, we were just talking. You didnt see any safe haven plays today that you might have anticipated given the bombings over the weekend being only 23 blocks from the exchange here. You didnt see the dollar rise. You didnt see a rush to treasuries. What do you make of that . Unfortunately, it is a sad state of affairs that we are becoming a little bit used to these types of events. We dont have to tell the world we watched a couple of blocks away at 9 11 over 2,600 people lose their lives there, bill. Unfortunately, the market maybe becomes a little bit used to this. There wasnt mass casualty. I think we are just looking at the fed and boj this week unfortunately. You were saying the same thing about how your attention is squarely focussed on the fed. Is that true even if they do nothing and nothing comes of the meeting . I am thinking of bears and eagles. I dont think with the market tlz is much to focus on until we hear from the boj and fed. I would say the bojs remarks are much more important than the fed because panic is over the under mediate spike in yields. Until the boj talks and fed talks i think we grind around. I know im dreaming but wouldnt it be something if janet yellen and company would spring a surprise rate increase . There was an argument over the weekend that maybe they could close what was called the credibility gap if they were to do Something Like that. And you dont feel the markets are prepared for rate hike anyway. They are not. Nobody is prepared for a rate hike. If you were to see a rate hike on wednesday chances are this market would break significantly. We could see 5 or 10 come off real quick. That tells you that nobody is really ready for it. Remember, this is a fed that told us they were going to raise four times this year and we havent gotten nothing so far. Now numbers are starting to come through. We are looking at cpi and ppi in their target. We are looking at job creation. You are right. There is no reason why we shouldnt start the path to normalization. I think the biggest shock and what the bank of japan does or does not do, if they come out with another tool or start to curtail that could send a signal not only to our fed but other Central Banks that qe isnt working or to put it into the words it is almost like you are in an airplane with pilots flying in the storm and they are banging on instruments because they havent seen these meetings before. This is what we think of central bank credibility. What does that leave you buying . I think if you go back and you look at market return since we have been in this sort of fed centric world every time they speak the market rallies. Last time we spoke about a month ago i told you i think the beta trade is the trade and if you look at what has happened since the brexit vote emerging markets are up like 8 . Utilities are down like 6 . I continue to favor the nonduration risk assets, small caps, growth, emerging markets and internationals. I think this, too, shall pass. For traders make as good time to make money. Just to jump in, if you look at this, if you see look at boj and fed this little conversation that we have right now sets up for failure on both sides so you could see that 5 dump in the market as jack was talking about sooner rather than later because i think they both set up to fail at this point. That would amount to fed malpractice if that ended up occurring. That would indicate that the inmates are running the asylum. There was a feeling that oil was calling the shots today. The rally we saw pushed equities higher. The correlation between oil and s p is back on. On again, off again. You cant rely on it. Definitely for the last couple of weeks that correlation has been on. Correlation versus causation. Its there right now. The dollar sprinkled in. The truth is if you believe that the i dont believe the fed will raise. If you do believe that the fed was responsible for pushing people into risk assets in the equity market we are closing to the end than the beginning. You have to take some chips off the table. If you believe and everyone does in the market that the s p has rallied that is coming to an end for all Central Banks. I know we are talking about prospect of rate hike. Somebody talking about how their opinion was that a rate cut should be the next move. The bottom line is this that unless we start to see Real Progress come out of these Central Banks we are spinning our wheels. What steve said is absolutely right. It is turning into a lose lose skair. We need to try to figure out how to protect ourselves going in . Now only do we not have earn certainty. We have the first debate and election process over our heads. These next couple of months are going to be very volatile. We have to be prepared for that. What kand of levels are you watching . 2144 old high going back. You look at that one. 2120 if you want to get granular. To the upside if we see that pop 2184 you lighten up. You mentioned emerging markets as some other investments that you like here. How does the dollar figure into that . So the fed is in the weak dollar game. It has to be. Otherwise they will just transport growth and inflation abroad. If you look at economic surprise numbers, things have been pretty lame. I think that they recognize that they cant raise rates until everybody raises rates. No pressure on the bank of japan. Thanks, guys. That was a good conversation. 50 minutes to go in this session and stocks are rallying with the dow up 40 points. Transports are up 49 and nasdaq is up just a point. Its by far the lagger today. We will run through big movers coming up. Authorities have taken the 28yearold man into custody in connection with saturdays bombings here in the new york city area. We will have the latest developments and speak to a former Homeland Security official about steps every american can and should take to stay safe in this new age of global terrorism. Thats coming up. Its not just a car. Its your daily retreat. Go ahead, spoil yourself. The es and es hybrid. This is the pursuit of perfection. Everyone thought i was crazy to open a hotel here. Everyone said its so hard to be a musician, but i cant imagine doing anything else. Now that the train makes it easier to get here, the neighborhood is really changing. Im always hopping on the train, running all over portland. I have to go wherever the work is. Trains with innovative Siemens Technology help keep cities moving, so neighborhoods and businesses can prosper. I can book 3 or 4 gigs on a good weekend. Im booked solid for weeks. It takes ingenuity to make it in the big city. Welcome back. Shares of General Motors higher today. The company upgraded to overweight from equal weight at morgan stanley. Also raised price target to 37 a share from 29. Its 31 and change right now. Morgan stanley says gms business can remain relevant and profitable for longer than the market thinks. It cited positive early reviews for gms bolt electric vehicle. And now to new developments in the investigation of this weekends bombings in the new york city area. Morgan brennan is on 23rd street where one bomb went off. Reporter so the suspect Ahmad Khan Rahami had been apprehended. He was shot several times but was conscious at the time of arrest. In a press Conference New York city mayor bill de blasio officially labelling the incidents in new york as acts of terror. Fbi special agent outlining the connection between the bombings in new york and new jersey. We have directly linked rahami to devices from new york and from saturday in new jersey. The work of the first responders, Law Enforcement personnel and the contributions of engaged public have been exceptional. Reporter back here on 23rd street where a bomb exploded on saturday night, the Investigation Continues. This is still very much an active crime scene. Just a short while ago the fbi did cart away the green dumpster in which a Pressure Cooker device detonated. Officials saying at the press conference there is no other individual that they are looking for at this time. Keep in mind this investigation is far from over. The motive is still unknown as is any potential connection to an International Terrorist organization. Thank you, morgan. So what is next in this investigation and are these types of attacks going to become the socalled new normal. Joining us is co founder and former chief of staff at the department of Homeland Security. Good to see you again. Good to be with you. We talked after the San Bernardino shootings about the socalled soft targets. How do you protect those . How do you guard against those when the bad guys are targeting them . You cant. And i think it is a good sign that the old al qaeda was always trying to target very hard targets, iconic targets like the World Trade Center or military facilities like the pentagon. What we are seeing now is because we have put multiple layers of defense in place both abroad and at home they are opting for lower level attacks on softer targets. So what does that mean . It is incumbent upon all of us in the communities that we live in to help improve the resiliency of those targets. But in the end it will require a comprehensive effort. I think that is what we have seen on full display today. What do you think has gone well in terms of the effort to locate the suspect and get as much information as possible . This is an impressive effort. When i was in office you may remember the times square bomber in 2010 when i was at Homeland Security the show 24 was on and i had to explain to people why that was not a realistic expectation about how quickly you could apprehend terrorists. In times square we apprehended in 53 hours. In this case with rahami we got him in approximately 50 hours. They did it through a combination of both Law EnforcementCounter Terrorism efforts but also enlisting the public through the firstever use of the amber alert system on our cell phones as well as combining that with closed circuit television, facial recognition software, bio metrics found on the detonation device, met data on the cell phone. All of this came together for the impressive outcome. If i were to equate this to the Olympics Team america both in times square got a gold medal there. To apprehend this individual in less than 60 hours is truly a gold medal outcome. It remains to be seen if this is a lone wolf or there is talk of a possible terrorist cell. That is still early to determine. In the meantime are there things that businesses and individuals can do to watch out for . What should they be watching out for as we try to ferret out exactly what kind of threat is involved here . Two things that both businesses and families and Community Leaders can do. Number one is you remember back during the boston bombing once the terrorist is out there is defensive efforts. Before the terrorism takes place there is offensive efforts. On the offensive side we all need to be vigilant. As we saw in this case there were public tips to help lead to apprehension of this individual. When the terrorist is operating in the community you may have to be in a lockdown situation. We have to be prepared in our businesses and at home to shelter in place and in order to do that i encourage you to go to ray. Gov where dhs lays out the things you need to have ready to self sustain. I see you draw a distinction between actors and seed players. What do you mean by that . I think what we see here are signs that this individual was a c player. What i mean by that the bomb devices were simplestic, pipe bombs or Pressure Cookers. When you look at their placement they place them in the dumpster it suppresses the amount of force or damage that the bomb can inflict. The timing wasnt designed to have the maximum casualties as we saw in the case of sea side the charity race wassed to start at 9 30. The device had not a timer but cell phone detonator yet did not delay the detonation of that device. It went off before it happened. These are signs that this individual wasnt sophisticated. He had no clear escape plan or in the most sophisticated plan we see suicide bombers. All that being said this is still a real threat. People were seriously injured and it does demonstrate regardless of the sophistication of the threat our terrorism and Law Enforcement are playing at gold medal level. Good to see you again. Thank you for your time. Co founder and ceo joining us from d. C. We have about 40 minutes left here. The dow was up more than 100 points around noon time we lost half those gains and now continue to lose. The nasdaq is now in negative territory. Turns out twitters nfl Live Streaming numbers were not exactly a big winning touchdown every wub was hoping they would be. Twitter shareholder and analyst weighs in next. Why is wells fargo stock up after six days of losses from the fake bank account scandal . We will have answers coming up. Announcer when they test you, stand firm and move only when you hear the seatbelt click that says theyre buckled in for the drive. Never give up till they buckle up. Welcome back. Shares of wells fargo are higher by 1. 5 today. The firm calls wells fargo down side risk limited now and ceo testified before the Senate Banking committee about the fake account scandal. We will speak with a disgruntled wells fargo shareholder who says he needs to resign. Lets check other moovs on wall street. Sarepta surging after the firms upgrading the stock. The food and sdrug administration granted accelerated approval for the treatment. This has been in the news a lot. The drug is the first therapy approved. By the way, sarepta ceo will be on fast money tonight coming up in a couple of hours from now. You wont want to miss that at 5 00 p. M. Eastern time. Pay pal is among the laggers today. Cutting the rating on the Digital PaymentCompany Stock from hold to buy and lowering the price target. It is trading at 40 right now. Firm says the stock is fully valued at these levels and it sees increased margin pressures from deals with mastercard and with visa. Lets check shares of twitter now. Under pressure after the social media giant released disappointing nfl live stream numbers on friday night. The shares down almost 4 on the session. Julia boorstin, what happened . The shares are down about 4 today after what seemed like a smooth live stream sent shares up on friday. Todays stock drop comes after twitter revealed 2. 1 Million People watch at least three seconds of live stream. That is less than 1 of twitters logged in user base. Over 48 Million People tuned into the game on cbs or nfl network for at least a minute. On twitter the average was 243,000 with each viewer watching for an average of 22 minutes. The prior week when nbc had streaming rights they had more people watching online at any one time. Now, this disappointing news comes as twitter rolls out expected tweets today, photos, videos will no longer count towards the companys 140 character limit which is so much defined twitter. As twitter make as big push for live video it is trying to stream line the basic service. We will have to see if the combination changes and help it add core users but the number of those streaming were a disappointment. Thanks. I dont know if it was that disappointing. Will Live Streaming strategy pay off for twitter. We have ross gerber. Ross, its the first time there may have been people who didnt know it was available on twitter for that game. 43,000 i think is a pretty good start. I think it is a decent start. How would anybody know its on twitter unless you are on twitter already . Twitter seems to be completely self absorbed and dont get that people dont know that nfl is on twitter unless they are on twitter already. If you are going to try to get new users i think they should start taking out tv ads telling people about this because it is a good