And the nasdaq up by 28 points above fair value. Right now, well send it over to andrew with more on the chaos in canada. Thank you. There are questions this morning and concerns in canada after a gun man killed a soldier. And he walked into the halls of parliament and began shooting there. Its the Second Attack by a suspect with ties to radical islam this week. And comes after the Canadian Air Force joined the coalition carrying out air strikes against isis. Jay gray has more from ottawa. As the first shots rang out, just pow. Pow. And bystanders rushed to the side of a fallen soldier. But were unable to save nathan cerillo who had been standing by at canadas national war memorial. Theres no greater pain that go than z looking a loved one. To have it happen this morning is underlined by sad anger within my hearts. Next, the gunlman hijacked a car and drove to Canadas Parliament building, walked inside and opened fire in the central hall of honor. Three people were injured as lawmakers scrambled and the suspect was shot and killed by the sergeantatarms. A bystander says this video shows the Gunman Police have identified as Michael Joseph duvall, a recent muslim convert. Last friday, officials in canada raised the terrorism threat level from low to medium. Just three days ago, a man drove his car into two soldiers in montreal, killing one. This weeks events are a grim reminder to the types of terrorist attacks we have seen elsewhere around the world. As investigators continue to try and find out how and why it happened here. Joining us now with more insight, retired argument colonel jack jack jobson. I think yesterday, colonel, so many times we just dont know whats happening. For i watched most of the coverage for the entire day. And most of the time i thought there were government hiden somewhere else. Thats always the assumption that its a plot and a conspiracy. Its been years in the making and more frequently than not, its exactly the opposite. And you hear Shopping Malls was one of the targets which is our biggest fear down here, one of our biggest fears, a lone radical that is armed, maybe converted here, maybe even a u. S. Citizen thats in the mall. We get a large, open society, you cant close everything down. And our Immediate Reaction is to lockdown everything. And thats not going to i would say canada was a little bit more open, at least in terms of their government offices. Yeah. You can walk right into parliament. And without the sergeant at arms who, you know, what a hero. Without them, he was a doorway away from parliament, some members of parliament. It says more about what we either have to do or are inclined to do about public buildings and Public Places than it does about lunatics and radicals. At least we have better security here. Someone couldnt walk into the white house. They released the dogs, apparently, yesterday, right . Yep. They got the guy. Ill tell you a funny story. When i was decorated, so thats 1969, and you do the math, we were on the south lawn of the white house. The floor was decorated at the same time. For different actions, but at the same time. And it was a Beautiful Day in october. They opened up the gates to the white house grounds and anybody who wanted to to come in and watch. At that time . Yeah. Things have changed now. Youve got to climb the fence to get in. At this point, it makes me wonder, its almost like i dont know, if this is isis, but he hijacked a car and does not hurt the occupant in the car. So theyre only looking for government and military targets at this point . No, no, i think the i dont think. I think this gooi is a loan lunatic. It doesnt mean there are people who wont put specific targets in focus. But the most obvious symbol, are government buildings. Do you think thats why canada has been the object of these we have tighter security . Canada doesnt seem to at least raise the ire of the jihadists to the same extent the United States does. Theyre easier. They are easier. Im not so certain that there arent more organized cells in places like canada than there are here. We dont know who is lisping to what. At the end of the day, you need good intelligence. If youre not listening to the bad guys, youll never be able to pick up on any of the conspiracies. Do we have none of our guys guarding the tomb of the unknown or military, any government office, they dont have fake guns like they have real weapons, but theyre not loaded. Theyre not loaded . Correct. They march back and forth. So this guy is not ceremonial dead at this point, is he . No, thats true. But it was the sergeant at arms inside. The solar not armed than the guy got him searching. I couldnt have let you do that. Colonel, you bring up an interesting point, this idea that maybe in canada there are more organized cells because maybe the canadian government isnt lisping quite as closely. Just opening that door makes me get back to the point that its a huge defense for everything thats been done here presnowden. Is this a defense for that continuing . And the government is complaining now about the software that appreciates eavesdropping on cell phones. We have to listen to people, if you want my opinion. And if you assume youre going to send your voice out on a radio frequency out into the stratosphere that youre entitled to privacy when all your signals are out there in the public space, thats ridiculous. And you dont listen if you dont listen, youre not going to be able to pick up on the things that are going to hurt us the most. Youre going to have some trust, government oversteps its bounds, it oversteps its bounds. We have to keep an eye on government, as well. We shouldnt be able to listen to people who are talking with signals out there, everybody can hear. Colonel, the news cycle seems to be contracting on a daily basis, but, you know, last week it was all ebola all the time. This week, now were back to isis. But thanks for your viability. Thanks for having me. If thats not enough for us, dwroent we take a look at some other headlines in the news this morning. Federal prosecutors reportedly investigating japanese auto partsmaker takata over an air bag defect. The wall street probe says this centers around possible misled statements about its contact with regulators. Its up about 4. 74 million. Guys, in some cases, they have said you should not even be in the front seat of the car as a pass nger. What i dont understand is why theyre saying you just shouldnt be driving these things because its been drivers who have been killed at this point. Theyre not only going to disable the Passenger Air bag but theyre saying until you get it disabled, dont have anyone in the front seat of the car because it would be impossible not in the front seat on the passenger side. But its the idea that the driver is still going to have to be on the front side until they get those fixed. Crazy. If that is one of my cars, i would not be driving. How many years have people been driving around clueless about it . Were probably overstating database i dont think anyone gets struck in the neck with shap natural. No. More likely in some states than other because theyre saying its due to high humidity. Procter gamble is shuffling management. Its nom sure thats the word. I think theyre shuffling management. Last weekend, that was a pretty big show. That was over a year ago. Reshuffling, id be okay with that. I think that shuffling has fallen off the hill. Its not like you to quibble. Resufficientlying after a key executive decides to leave, healy, who apparently headed up the countrys north american operation, probably in cincinnati, will retire in june. She is one considered a potential successor for at t. The Management Team is putting together a in you attempt. We will hear from the companys cfo around 7 00 a. M. Earn time. At t reported results that Mission Dollars 16 cents of revenue versus estimates of 64 krentsdz on 33. 2 billion. Right now, shares of at t are down slightly after hours. The dow losing more than 150 points. Other major averages following suit. Joining us right now with more on this is joseph tanneas. Also steven freedman, who is Senior Investment strategist at ubs Wealth Management research. Gentlemen, welcome to both of you. Joe, why dont we start off talking about the headlines that continue to really push down stocks. Last week, it was ebola. This week were worried about isis again. Is this a legitimate concern pressuring stocks . Is this something that you think is distracting from earnings . I think its a combination of several things. Right . Theres certainly no shortage of headlines out there to create volatility in the markets. Having run in the equity markets so much over the past few years, its easy to understand why many investors begin looking for reasons to sell. Some of these are warranted. Some of the Economic Data we got last week was less than inspiring. But if you take a look at the underlying macro picture, that narrative hasnt meaningfully changed. We still think growth will continue the move higher. As a result of that, we think these represent buying opportunities for investors. Are these something that have a greater potential happening than some of the ones weve water about in the past . I think any of these, if you ask yourself, could this get worse . Then whats going to happen . Youre slightly right. They warrant being nervous about and watching over. But if you take the sort of at face value, do they justify the market . Do they justify the vix in levels of 30 or 31 inspect im not so sure i would agree with that. Steve, how about you . I think its very hard to the market gyrations weve seen over the last few days to fundamentals. Its a situation where the market had become one sided after volatility. And where you have a number of body blows which in isolation probably didnt matter. The combination ultimately led to this correction. What surprises me the most about this is even though we looked at it as a huge shock to the markets last week, if you look at where weve come back, its only a 6 decline at the weakest. And weve bounced back, regaining almost all of that ground since then. We talk about this as if it was a major impact and, yet, we are looking at stocks that still continue to climb. Well, if you take a look, there are quite a few bright spots out there in todays economy, in todays role. Youve got lower gasoline produces. That bodes well for the consumer. We think thats a good thing heading into the holiday season. We see these retail sales coming in better obviously than what we saw last time. You also have a very accommodative fed. Now, i know that were talking about the fed essentially taking its foot off the gas pedal. But i suspect youre probably going to hear a dovish fed when they come out as far as raising Interest Rates and one that might actually we already have from all the fed speak that happened at this point. Is that the underlying most important thing . At this point, all the things that means as a source of a weakness, i think in terms of europe, probably the ones that netted the most. Too, i think the market probably got ahead of itself. Weve got pmi numbers today that are not great, but theyre confronting in terms of holding it down and improving a little bit. And i think in your view, we have a situation where shots can bring session concerns, but ultimately, we dont think a recession is in the cards. How would you judge earnings season so far . We have had had spectacular high flyers that have really surprised to the down side. Have warned, have issued terrible outlooks and missed specations. You think about some of the big dow components. But maybe beneath that things are better . If you look at this, broadly speaking, you look at the averages, i mean, about twothirds of companies are beating. The average is about corporates which i think has developed solid. I dont think were seeing weakness. Is that average of the s p or clearly not the dow . No, the s p. Were looking at as broad aggregates, not so much the narrow ones. And we job he, you say this is a buying opportunity. Is it still a buying opportunity with the s p at 1927 or are you talking about last weeks levels . Last weeks levels are a better buying opportunity than todays levels. Its the quick math skills. You buy, you want to buy cheap. Pie cheap and sell high, thats the goal. Would you buy at these levels, too . I think you would buy at these levels. If you are, in fact, a longterm investor, the valuations are certainly not cheap. I think thats just a sale. Having said that, as you take a look at the global economy, you take a look at risk assets between the equity market. We continue to think there is some upside in the equity markets and more specifically in the u. S. I think earnings season is just kind of confirming that deal. You are seeing earnings numbers come in, probably Growth Numbers that will be in the high single digits. Youre seeing revenues, youre seeing actually, youre seeing margins hold tight, which is a good thing. And youre seeing continued share buybacks. As an investor, looking at my return, i have to realize the majority of it here in the u. S. Is probably going to come from earnings. And earnings so far are looking okay. Gentlemen, thank you both for joining us today. Coming up next, apple pay went live this week, but word of a major glitch already. Some customers paying double, thats right, theyre paying twice. Then, one of the last places in Corporate America where you can smoke at your desk has decided to kick the habit. Smoke if you got them. Squawk will return in just a moment. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. A single ember that escapes from a wildfire can travel more than a mile. That single ember can ignite and destroy your home or even your community you cant control where that ember will land only what happens when it does get fire adapted now at fireadapted. Org welcome back to squawk box. We have a followup to an auction we told you about last month. An early Apple Computer has sold for 905,000. That was well above expect ages. It is expected to be one of the first apple 1 machines built in steve jobss garage back in 1976. The buyer . The henry ford museum. They plan to display the computer in its museum. The only case of Technology Actually getting more expensive at this time, right . You know, im a pack right. Anyway, an early glitch for apple pay causing some users to be charged twice for purchases. This is a little bit of a problem but but its being resolved. The problem affected some bank of america customers who took the twitter to complain about the error. The Statement Apple told nbc news, they are, quote, aware of bank of americas impacting, a small number of apple pay users. They are working on a fix that would be available shortly and reversing any duplicate transactions. A spokes woman said the issue affected only about a thousand transactions. Apple shares were trading near an alltime high right now. There it is. Alltime high. Also, camel cigarettemaker Reynolds American will no longer allow smoking in its offices and buildings. The Tobacco Company currently allows employees to smoke at their desks, in conference rooms, hallways and elevators. The ban will take aefk next year. Once they build indoor smoking yaes for whose what wouldnt to smoke, they can do that. Kwlug electronic cigarettes. Right. I cant even imagine. You really believe an actual high test soda is bad for aging yourself . A soda . Thats the latest. Youre telling me the fuses on the end that control cell proliferation. What . People think soda sodas are just as bad as cigarette. Not diet, but causing cancer . At causing cell aging. Look it up. That came out last week. Im not kidding. So i eventually see people who have a coke and theyre like, you have to go outside now to drink a coke. I dont think its secondhand smoke, but thats one of the things warren bust with his cherry coke is a genetically gifted man, then . Exactly. Oh, okay. Im supposed to take viagra and drink avenue of being if i had to pro create. Is that what they said yesterday . Not enough where you have a gut and you cant make it move. There was Something Else i saw recently that other air bags the wind bags are bad. Move on here. Your money, your vote, john harwood paying us a visit today with some of the key races that could Impact Capitol hill. Were both, you know, redskins fans, so we have that to talk about. Great win on sunday. And it turns out that ebola is bad for business. Especially for Texas Health Presbyterian in cladallas. The financial hit, next. Ameriprise asked people a simple question in retirement, will you outlive your money . Uhhh. No, that cant happen. Thats the thing, you dont know how long it has to last. Everyone has retirement questions. So ameriprise created the exclusive. Confident retirement approach. Now you and your ameripise advisor can get the real answers you need. Well, knowing gives you confidence. Start building your confident retirement today. Good mortgages and welcome back to squawk box here on im joe kernen along with becky quick and andrew ross sorkin. Today, erp. Ings from caterpillar, gm,3m and comcast. Amazon is set to release after the closing bells. The Labor Department will release initial jobless claims at 8 30 every thursday. And the Conference Board will release leading Economic Indicators and that is out at 10 00. Also, comcasting results for two overseas automakers. In germany, daimler reported a big jump in profits amid certain demand for mercedes. But south koreas hyundai or hyundai, like sundae. I have to call my friend in asia about that sxvrnd out. The steepest decline in a year and a half due to slowing sales growth. A lot of hyundais on the road. As youve noticed lately. They got it together in the past five years. Weve had the ceo on a few times. I drove one in a rental place. I drove one. It was great. The ebola cases in dallas are taking a toll on