That happened as he walked through times square during that demonstration. President obama spoke from the white house asking protesters to remain peaceful. First and foremost, we are a nation built on the rule of law. And so we need to accept that this decision was the grand jurys to make. There are americans who agree with it and there are americans who are deeply disappointed, even angry. Its an understandable reaction. But i join michaels parents in asking anyone who protests this decision to do so peacefully. We will have a live report from ferguson in just a moment. Andrew, over to you. Here are some other major stories to watch this morning. A number of economic reports coming out. 8 30 eastern time, were going to get a rescission to Third Quarter gdp. Just about a half hour later, the s p 500 caseshiller home index will come out. At 10 00 a. M. , we have Consumer Confidence and richmond survey. Were also paying attention to this thursdays opec meeting. Lets take a look at that screen so you can see whats going on there. Wti crude at 76. 06. Lets take a quick look at whats going on in the futures ahead of the markets this morning. Dow could open up higher, 20 points. S p 500 about 2. 5 points higher and the nasdaq up about 5 points. Joe, as i was walking out of my apartment this morning, a fella came up to me and said what just happened in ferguson, do you think theres going to be riots and do you think its going to impact the markets today . This was at 5 00 in the morning and i thought, i hadnt thought that through. Im looking at the futures now thinking thats not necessarily going to be the case, but no. They were on peoples minds and there was the when there was trouble, you know, in ferguson a couple months ago, obviously, it didnt. But you never, you know, last night watching it and i think everyone was, you just wonder if you can find that. I know there were some crowds gathered in other cities around the world and or around the country. But scott cohen is back into action here to send him to ferg standard operating procedure. And he is joining us now with a live report. Good morning, scott. Good morning, joe. We pulled back by about half a mile from where we spent a long and unsettled night. And ill give you a little bit of the scene there. Thats down about half a mile there, Michael Browns neighborhood. Michael brown, the teenager whose Fatal Shooting began all this. We can show you the scene from above. There are still fires burning here. They are still trying to get things under control. Its gotten quieter in the last few hours, but as i said, a very long and very eventful night that all began to unfold around 9 00 local time after the announcement that the grand jury had decided not to indict darren wilson, the Police Officer who shot Michael Brown, saying there was no probable cause. Things began to develop, we began to see crowds gathering on west florison avenue in front of the stores and directly across the street from where we were which was just around the block from where the shooting occurred back in august. We saw several fires break out, businesses that were torched after protesters went in and looted businesses, even though they were boarded up. It was quite a scene to see. At one point, as i said, all of those fires burning across the street from us and gunfire, police said it was automatic gunfire. Some of it. And none of it fired by the police. A few hours ago, local authorities emerged from it all to describe the scene. I know that theres at least a dozen buildings that have been set on fire. Most of those are total losses. I know that i have two st. Louis county police cars that are basically melted just to the north of suburban. At last count, 29 people arrested, remarkably despite all of that gunfire, which of which we heard close by, nobody was shot and, thus far, no serious injured reported. We were of course keeping tabs on it. As daylight comes to ferguson, well learn a lot more about exactly what happened overnight. Back to you. Okay, scott, thank you for that report. Were going to check on the Market Reaction now. If there would be any to be expected. Lets look at the futures this morning. We have been setting a series of additional kind of a slow, steady fashion, a real meltup yet, but 21 is points now. Let me get where are we on the dow . Were getting closer to that number, are we not . 178 and change. You can see yesterdays close. Watch, markets are interesting in that on any given day, one or two might be up, the other one might be down. The nasdaq, even the s p not lately, though. And there is whats happening right now in the asian markets. Shanghai doing the best there, obviously. Take a quick look at europe. Might be more important to us. That is pretty friendly, green arrows up as far as that goes. I paid 2. 96 for premium today. 2. 65 for regular. So there you can see crude at 76. The european vacation, chevy chase, looking strong. Lets look at the tenyear first. Back below 2. 30. Sometimes it goes the other way. 1. 24 on the euro as we die verge our Central Bank Goes one way and the rest of the world seems to be going the other. Finally, gold is back above 1200 an ounce at 1,201. Walmarts chief merchandises officer is reportedly expected to announce his departure from the retailer just days before black friday. Duncan mac naugthon joined the company from chief operations in canada. He was considered a potential successor to lead walmart u. S. When bill simon announced his resignation in july. You have to watch apple. Making a run at a 700 billion market cap. The stock up 20 since the middle of the last month. If youre carl icahn and his son, you have to be very happy about all this. That stock up now 48 yeartodate. The oneyear return up 60 . Sips march 2009 bottom, shares of apple up 900 . A positive start to the week with broader markets enjoying a gentle rally. So hank smith says that this is the most hated bull market out there. And he joins us right now, he is the chief Investment Officer at haverford trust. Covering the economic angle for us, chris rupke from total mitsubishi ufj. What do you think a hated bull market, hank . So few investors have participated in this bull market. You have had net outflows this year that offset the net inflows from last year. But from a broader perspective, over the past seven years, youve had some 650 billion coming out of equity mutual funds and this 1. 3, 4 trillion dollars going into bond funds. Anywhere buying a bond fund today is not making a statement of optimism, confidence, exuberance, eye for ya, greed. Theyre mistaking a statement that we are willing to earn next to nothing so that we dont lose money. And that is not indicative of a any kind of greed or any type of market top here. What does that tell you about how long you think this bull market has left to run . Well, look, this could be a a very long bull market. We believe the march 09 low was a generational low akin to the august 82 low, which was a generational low. Now, i know brian yesterday said we could be in a 20year bull market. Only time will tell. But there is precedence for it because we did have a very long secular bull market in the 80s and 90s. And we could well be looking at that now provided that we continue this low but steady growth that doesnt create excesses. Chris, the questions along the way have to do with whats happening with the economy. Is the u. S. Really recovering . We have a lot of numbers coming this week. What are you on the lookout for . Gdp this morning, of course. There is something that seems to be going on. If youre bearish at all, if your glass is half empty all the time, you have to be concerned about the strength of the dollar in terms of what it means for Economic Growth going forward. Because we replayed this before. The dollar was very strong from mid 2011 to mid 2012. It dropped from, like, 1. 45, 1. 50 down to 1. 20. Its falling again, the dollar, from 1. 40. The dollar is rising, euro is dropping lately. But its the run now is from may down to currently. All right. It is early in the morning. I just want to make sure i have you clear for people who werent paying attention. You are saying if you were bearish, if you were somebody who does not believe in this strong u. S. Economy at this point, you may be disappointed because of the dollar. I well, i dont want to be too bearish, but the only headwind out there, really, is the strong dollar. Weve already seen exports drop. Were going to get gdp this morning for the Third Quarter. And the reason it might be revised down is because exports came off a little bit in september. So that is about the only headwind. Huge issue is going to be jobless claims, though. Thursday well be looking at though numbers. How do you think the trend is coming on that . I think were doing pretty good right now. Im just a little bit concerned about business cap ex, durable goods orders out in a couple days. Well see whats going on there. Because its the strength of the dollar story. When the dollar went up by 2011, 2012, it kind of slowed production, orders fell for a bis bit, exports fell. Thats about the only guessing game here. But everybody else looks fantastic. The labor market looks fantastic. I dont know what the fed is doing. Theyve kind of really painted themselves into a corner here. Here, theyre telling us 5. 1 to 5. 4 unemployment rate. When it gets there, its 5. 8, its that close. When it gets there, they have to have the fed funds rate at 2. 25 to 3. 5 . That means they have to start already. What do you think happens to convince more investors to jump on this . What starts the beginning of capitulation for people who have not been involved . Well, look. I think obviously since the beginning of 2013 and into 14, youve clearly had more confidence coming back into the market. If you look at the Market Action this year, all of the pullbacks have been relatively brief and relatively shallow. Even october, we get to that correction level. So i think investors are looking for any opportunity to get into the market and that is why you have that type of that type of action. So looking forward, i think were entering a phase in the economy that youre going to a 3 growth from what has been a 2 world that has characterized this expansion for the last four years. And i think thats going to help bring more confidence and bring more investors back into the market. Do you think its going to do that because without any more setbacks . In other words, if you missed your opportunity in late september or early october, that was it . Well, no. I think youre still going to get pullbacks and, look, eventually we have to have a correction, right . Correction res healthy, theyre normal. You usually have one or two corrections each year within a bull market. We havent had one in over three years the were coming on 3 1 2 years with we just had one. It was 9. 9 . What do you think, hank . 9. 9 on the s p, thats not a correction . Really . That doesnt counsel becausite was 0. 1 away from being a stop with the three years. We had a correction. Just say, okay, it was a correction, we need one. You cant do that for me . They dont teach you that at haverford . Ill give you the correction but, still, you have to admit it was very brief. Thank you. Thank you. And actually, people do say it didnt ring out the complacency as much as it really should have, right . Go back to the middle of october and the fear level was ferocious. Oh, was it really . I think we all thought we were going to every time someone sneezed on a plane, we were thinking of ebola. That was definitely unsettled for stock markets and everything else. I think it had more to do with that, probably. Sorry. I was doing something and then i heard you. Go back to whatever you were doing. Sorry. Thank you for joining us. Coming up, i was actually number one, what the hell happened . 57 years old. Did you see his exit . Yes. We talked about it yesterday. We couldnt get an answer. Ceo for a couple of years. Didnt found united technologies. Said im giving you something here. 179 million because he sat in that office for a couple of im asking you. Was he that good at whatever he did . And you know what . I dont need to know why. 179 is enough. And then the other thing, how about this woman that thought she killed her fiancee and was they went back and it was an ignition switch. They cleared her of killing her well, remember, they thought the guy killed the woman in the air bag issue at first. This is unbelievable. For five years shes been on pro or for even longer, 2004, now they go back and say it was the ignition switch because she had xanax in her blood, her poor fiancee dead after hitting a tree. I couldnt believe the payout. Im giving you, my friend. So youre being facetious and im being facetious. We had shareholders weighing in wanting to know what happened yesterday. Was he ever on squawk box . We used to have his predecessor on a lot. My initial thought was good. Lets get rid of him so we can get someone who will come back here and be on the show for a while. If you want to leave, find. If you had been on the street, you would have been taking credit for the payout . If he havent . So you do want to talk about that 170 how long was he c owe o . But i think some of this was probably deferred comp. But, you know, for the fam, 57 years old, gulf stream on the way, i would. Maybe not a gulf stream. I wouldnt get a leer are 179. He could buy bonos old plane. How is he . I dont know. I hope hes okay. He was in a bad bicycle accident. He was supposed to be on jimmy fallon. They put that off because of facial bones, compound fracture in his arm. All right. Just getting caught up. Becky, what else have we got . I saw the catch. I did, too. No, i was there. I saw the catch. Wasnt that amazing in person . It was more amazing than that because where the ball was was uncatchble. He leaned back so far and i had told penelope and the kids this guy in practice and on commercials, he constantly catches balls one handed. But then for it to happen like that three fingers, too. It was unbelievable. Thats a reason to really i love the giants now because of one guy. I mean, that was just un lsu it was devastating. People that saw him, you know, i remember watching lsu, but i didnt realize he was one of the receivers. But that was just amazing. The worst part of the game, though, eli driving and they were going to score for sure. The guy was so wide open, there was no one around him, it was so high, it tipped in. And then they scored seven instead of man, there were a lot of dallas fans at metlife stadium. Really . Oh, my god. From the cheers and everything, theyre loud. 40 . When something has happened happens its like, oh, was that good . That was really bad for the giants and the crowd erupts. I knew they were Americas Team and all. Big rivalry, too. But yeah. I had the day off, though. I didnt get like it wasnt like i was unable to get out of bed yesterday. I had that scheduled off. We didnt know that. Youll see. You had to come in at the last minute and this is a light week for me. Coming up, a seemingly accidental tweet from the ceo of twitter is raising all sorts of questions this morning. Namely what might the company be looking to buy . And later, the cartels call. Well talk opec and the oil price specations ahead of this big meeting. And then at 7 00 eastern time, david biancco makes a call on the markets. 1730 eastern, we have a founder of our favorite app and how his Company Single handedly revolutionized the gps business. Squawk box return necessary just a moment. Music the Volkswagen Golf was just named motor trends 2015 car of the year. So was the 100 electric egolf, and the 45 highway mpg tdi clean diesel. And last but not least, the High Performance gti. Looks like were gonna need a bigger podium. The Volkswagen Golf family. Motor trends 2015 cars of the year. Zloo big east coast storm threatening to reek havoc on travel. Lets take a look. You will notice some spots along the coastline, we do not have that Winter Weather advisory. Theres a reason for that. Here is a look at the tract with the computer models. Look at the green. Thats the moisture. Then the freezing line, right here, look at how close it gets wednesday afternoon, right into new york city, down into d. C. The rain snow line seems to be right along the 95 corridor. The good news, if there is any, is that the system is out of here in time for thanksgiving. If you can travel the day of, youre better off. Look at where were just driving this line through new york, down to philadelphia, down to washington, d. C. , its clee shy that the tract is if it is off 50 miles, were going to bring that flow down down into these major cities. As it stands, were around 3 to 5. Hardest hit major city necessary this system is going to be boston. Theyre squarely here in 5 to 8, maybe as high at 8 to 12. So well talk about the timing of this. New york city on wednesday were looking at that rain and snow early. We will change over to snow by the afternoon. One of the big question marks here is now that its a little bit warm and will that flow accumulate right away. Snowfall total of 3 to 5 inches on wednesday night. Roads still slippery and we should be in good shape, again, by wednesday. Good news for the parade. The wind looks on to be a lot lighter. A major cities of boston, roads, gusty winds, later on, and that is on wednesday. Wednesday night, its dumping snow, the 3 to 5 inches of snow at that point. Thursday, we should begin to clear out. The only spot in the country still dealing with snow on thursday, down east main. Obviously, youre going to have travel impacts. Last but not least, washington, d. C. , all snow by the afternoon there. Obviously stepping up by wednesday afternoon. Snow totals, not gigantic. 1 to 3 inches of snow and roads slippery. But, again, thanksgiving day, looking better as temperatures steady in the 30s. So, guys, this is a super tight call. There are some places in new york that may see snow and other parts of the city may change over to rain. I would never wish this on you, but in my own selfinterests, im going to hope youre wrong on this call. Okay. Thats the only time im doing this and i hope everybody listens to you and decides to travel early as a result. Early or late, becky, honestly. If you can go on thanksgiving itself, thats probably the easiest way to go around this. So it looks like it will be clear on thanksgiving. Correct. Thank you. Youre welcome. We have some after the bell earning hes reports moving stocks expend standard trading. More Companies BuySecurity Software to guard data from hackers. However, the stock is selling off after i it reached a