Korea. In early trading in europe at this hour, youll see green arrows as well with the biggest gainer among the major markets. The cac in france is up by a third of a percent. And wti crude is up by 1. 5 to 43. 68. Back to the top story, another explosion near a transit station in elizabeth, new jersey, after a backpack that appeared to contain pipe bombs detonated. The fbi is questioning how five people that were apprehended on the verazano bridge last night. Morgan brennan is joining us from chelsea with more. Good morning. Reporter good morning. A terrorfilled weekend here in manhattan as well as across the river in new jersey. Now all the details still very much unfolding. But heres what we know so far. Just hours ago a backpack containing as many as five pipe bombs detonated after Police Responded to a call about a suspicious package in a garbage can near the elizabeth, new jersey, train station. One of the bombs exploded while a robot was cutting a wire on that device. You know, the people who are doing this, its they have no value on human life. And its really difficult to understand their rationale. so some amtrak trains were shut down overnight but now they are resuming. A bomb exploded on the new jersey shore. No one was injured. And here in the chelsea neighborhood of manhattan on the street behind me in a separate incident, another bomb exploding on saturday night. So take a look at the Security Camera footage of the moment of that blast. That sent pedestrians running. Debris flying through the air. 29 people suffered injuries, all since being released from the hospital. Now just four blocks from here a second device was found. They describe it as a pressure cooking device that could be similar to the one use in the 2013 Boston Marathon bombing. Police planned a controlled detonation of that bomb last night. Authorities have not officially connected all the incidents or officially labeled them as terrorist attacks at this point, but they are saying at least three of these incidents involve old style mobile flipphones. Now as far as suspects, the fbi saying five individuals have been detained for questioning in this new york city explosion. No charges have been pressed. And nbc news reporting that according to Surveillance Footage of this area, that what could be the same person visited both of these manhattan sites. But these investigations are still very much unfolding. A lot can and will change as we get more details. In the meantime, guys, security, which was already stronger than usual, is being dramatically boosted because, remember, the United NationsGeneral Assembly is also kicking off its events here in the city today. Back over to you. Thank you for that report, morgan brennan, downtown in chelsea, new york, at the moment. The Investigation Continues in st. Cloud, minnesota, where a man stabbed nine people at a Shopping Mall on saturday before he was shot and killed by an offduty police officer. The attacker mentioned allah and asked one victim if he was muslim. Isis takes credit for the attack but the fbi is still investigating whether the attacker had connections or contact with any terrorist organization. All nine victims are expected to survive. What a weekend it has been. Makes you understand why cameras are everywhere. Especially over in europe and great britain. And appreciated. Yeah. Because now im going to say, well, where is the Surveillance Video of that area beforehand . So they need to have them basically everywhere. Theres conjecture on the one that did successfully blow up, that there was a construction site that was blocking some of that, that they are smart enough to see where the cameras are and see the surveillance was blocked. Because otherwise it was a relatively random choice for why there. Right. To the reaction from the campaign trail, john harwood is joining us now from washington. John, good morning. Reporter good morning, joe. You know, there was a little bit of reaction over the weekend and a little bit of back and forth between the candidates, but it didnt amount to all that much. We still dont know a tremendous amount as morgan was just saying about who and why this or these attacks occurred. You did have the initial attempt by Hillary Clinton to draw the distinction between herself and trump in terms of how quickly you refer to what happened as a bombing. That didnt really go anywhere because it was a bombing. And she used the reference to bombing herself. So that was kind of inconsequenincon inconsequenti inconsequential. Then there was a tweet to National Security that is on the mind of National Voters as they head to election day. But i think so far well see what the candidates think today. So far it hasnt been all that big a deal in terms of the back and forth. And, you know, National Security is an issue that works on two different levels. One, Hillary Clinton has National Security experience as a former secretary of state. If you look at the polling, she has done better on some of the attributes associated with being president , whether it is qualification or knowledge of foreign policy, that sort of thing, but donald trump benefits from the assertion of strength. And that is something that appeals to a lot of the voters who are rallying behind him. And the idea that strength is what you need in a crisis like this is something that he is encouraging and has potency with the group of voters. All right. So many polls, all polls all the time. Theres some coming out today, im sure. They come out even on the weekends, john. And half of them i havent heard of before. And showing a very competitive race. Its showing donald trump drawing within a point or two of Hillary Clinton. If you look at some of the polling averages, and we are, after all, 50 days from election day. And i just want to run through, before we go, some of the key dates to watch on the calendar. Because the days are getting short. Obviously, one week from tonight, were going to have the first president ial debate. That is on september 26th. Three days after that, early voting starts in iowa. That is a battleground state. One of a dozen or so in the election. Its one that donald trump is leading now. And the more vote that gets harvested at a point when youre leading the better it is for you. So after the 29th. You look to early october and you see on the 4th of october you have the Vice President ial debate. That is a big deal. Youre also going to see on the 9th. The second president ial debate. On the 12th early voting starts in the state of ohio. And you move all the way through the end of the month and you have one significant event after the other. October 7th youve got the next last jobs report before the election. And then, the first week in november, it could have the seventh game of the world series on november 2n. On november 4th, the last jobs report before the election and november 8 is when it all happens, guys, although a significant amount of the vote as we indicated in that rolling set of deadlines for early voting comes early in the way that we have evolved our elections. So the skill of campaigns, the technical ability of them to get people to vote early will be a key factor in the outcome of some of the battlegrounds of ohio, iowa, colorado, florida, et cetera. Yeah. We got some things around here that probably are going to happen between now and then, too, john. Just saying. I dont think it quite makes the calendar list. What . I think it does. What are you talking about . Are you doing something of National Importance between now and the election . Absolutely. Not me. Not me. But between now and november 8th, becky is going to be im pretty sure becky is going to do something. Unless you decide to put it off. No stopping it. What do you think the implications of that are going to be . Nothing. Does there always have to be a political implication, john. Were adding a new voter in 18 years to the country. 18. Were you thinking i just couldnt help that youre going over all these things. Im going to do a Little Research on the historical, what history tells us about the impact of morning anchors having babies in the runup to the election. Im pretty sure theres no impact. But good luck with that, john. Last time it was happening now last time i had already at this point in any pregnancy joe is a little nervous here because i am further along than i was last time. And he knows that i am aiming in his direction. Andrews not worried. Im comfortable. Joes shoes are nervous. Actually, they dont john, thank you so much. A lot is leading up to the election and john is on top of all of it. Wells fargo is facing a lawsuit over the opening of the sham accounts. The lawsuit that was filed in utah on friday is seeking classaction status. Earlier this month wells awe agreed to pay 190 million to settle charges that employees opened some 2 million accounts without customers knowledge to meet sales targets. The u. S. Prosecutors opened the investigation into wells fargos practices and ceo john stump will testify at a Senate Hearing in washington tomorrow. That should make for some interesting television. Also, retail gasoline prices are surging in the United States because of continuing problems with Colonial Pipelines gasline. It carries fuel to the east coast. Colonial has started to construct a bypass line because of a link. Gas in georgia jumped to 2. 26. Thats up 15 cents in a weeks time. Prices rose by 4 cent miss the care lolina carolinas. Do you have something for the latest quandary . We dont mention we dont mind the ceo pay as long as its tied to performance. It cant just be its got to be tied to performance. How about earnings for share no, no, no, not earnings for share because then they can do stuff. Wait a minute, not revenue. How about no, lets tie it to profit margins. No, no, no, wait a minute. So what is the answer . Profit margins are not bad. Really . Thats what happened with epipen. I know. At some point we had Walter Isaacson on you do have the lull. I tell you what, at least he plans on the corporate reputational damage that was done by things like this. And at least its not just and its adding to the national conversation. Thats right. But its not just asking ceos to be good Corporate Citizens. Because this is what we talked about last week. Angen was able to keep exclus e exclusivity on this. Is that good . They added a point to Health Care Inflation . Yes, but epipen was not created then. I know that. But no one else has it. Theres a point where greed becomes as long as you tie it back that youre going to hurt the company overall, then youre hurting business. I agree with that. And the goal has to be a rational goal. If you talk to people, for example, on the wells fargo front, which i started to talk to some of the employees late last week, the amount of, quote, solutions they had to create on a daily basis for fear of losing their jobs is the reason why so much of this happened. But its always better if you can its always bet for youre not bogged down by a federal agency or regulation somewhere hurting competition and allowing the not a fair Playing Field to develop. Because otherwise if youre going to question on the regulatory side, yes. Go back to your favorite, the greatest Corporate Citizen in the world, howard schultz. I love him. Coffee prices go down. If they see and opportunity to raise prices where its going to stick, theyre going to do it. Now the market pushes it. If you are caring about your customers or employees not getting a raise, it would be a utility and not a forprofit corporation. But the Consumer Protection bureau is the reason we know, well, we know from the l. A. Times, but it was that group that actually ended up regulating the situation. You mean wells fargo. Wells fargo would have been outed in some other way. You think somebody else would have there are areas, especially in food protection and safety, when it comes to medical issues, we still have people who are dying from listeria in peanut butter. But you have to be comfortable with the basis of capitalism, which is a profit incentive in maximizing profits. But what holds you back is competition and that makes innovation youre not comfortable with that, then everything should be a utility. You should have zero your expenses should match what you take in and well be venezuela rummaging through the garbage to find a pizza crust to survive for another day. The debate continues. Coming up, the countdown to this weeks big fed meeting. Theres not much of a debate on capitalism itself, but stock and crude prices are on the move. Your monday morning strategy session is coming up when we return. And coming up at 8 00 a. M. Eastern time, you dont want to miss this as we have former treasury secretary hank paulson, the man who saved the world. Hes going to join us right here on squawk. For decades, investors have used a 60 40 stock and bond model, with little in alternatives. Yet alternatives can tap opportunities that traditional assets cant. And even though theyre called alternatives, theyre actually designed to help meet very traditional goals. Thats why invesco believes people should look past conventional models and make alternatives a core part of their portfolios. Translation . Goodbye 60 40, hello 50 30 20. Or keeping a Hotels Guests cuttinconnected. I to 35,000 fans. Businesses count on communication, and communication counts on centurylink. Wielcome back to squawk box. This week is a busy one in new york city with the u. N. General Assembly Meeting. And this explosion happened just a few blocks away from where the meeting will take place. They will expand a Police Presence as officials investigate the bombing. Mayor cuomo, the mayor of new york, has called an additional 1,000 National Guardsman to make sure they are helping to bolster support as well. On the economic front, the fed will take center stage with a policy decision at 2 00 p. M. On wednesday followed by Janet Yellens conference at 2 30. The other data points to watch, the National Association of Home Builders releasing the monthly survey today. Tomorrow we get august housing starts. Then thursday jobless claims and existing home sales. And then we have notable names reporting results this week including fedex, General Mills and bed, bath and beyond. I use outliers. Get to other companies reporting. Fedex, what is their excuse . And what was the other one you said . Ab, linar, bed bath, General Mills . General mills. You dont like you wheaties, come on. What allows them not to make what is the problem with the calendar year with cereal . Does it have to do with growing grains or something . I dont know, bed, bath and beyond retailers make sense because the busiest quarter is Fourth Quarter. We know that. On a rainy day, there is nothing to do, just browns all day long. Get some starbucks right in the middle of it. Go hang out by the humidifier section. You know what i like . A heavy duvet. Cozy. Joining me to talk strategy, you know what . Were talking about duvets, we could be talking about whether the fed im going to need a duvet to sleep, whether the fed is going to go up or not. Joe, portfolio strategist at richard bernstein, we are happy to see joe, chief economist, john kilduff is partner at again capital and cnbc contributor. Ill be right with you, i promise. But oil is why the market is up today. We are up 70 cents on crude. Last week, i guess, that was part of the trepidation was that more weakness brought us back below 45. People think that is a Global Demand situation. So the slightest thing, false equities when it goes up . And you have the venezuela president talking about his book. He said in the conference over the weekend you have to deal with the iranians, they are good to go. We have an agreement to have another meeting, right . Its hysterical, actually. We make fun of the fed for job owning, but opec has been doing this in terms of ownership. Opec is playing the expectations game over the weekend by saying that the meeting is an informal one as you said, the opec president said that over the weekend, but the venezuelans are desperate and want every chance they can get. The problem they have is the reality that this production from all of them just keeps going up. And were about to see a big jump in production once the libyan situation resolves and gets online during the process of doing that. The nigerians are coming back online and the russians of all people are going to bring to 20 0,000 barrels to the market from the big field they have going in the caspian. Its a joke. So 40 is on the way down or what happens next . I think we reach 40 on the way down. We go back down. We do. We have a little support from the market in the Colonial Pipeline snag youre reporting on raising the gasoline prices on the merck and local markets in the southeast. And that will be fixed. And all the gasoline is shoring up in the oil market pushing the prices down. There was a wedge earlier in the week last week that precipitated the drop. We call that a wedge. Can you just call it a wedgie just for fun . Mccrack spread is the other one. Lets just call it a wedgie for fun. We had a wedgie that could break out one way or the other. Okay, john, so september, do you think they do december . I think they do december. I dont think they do september. The fed doesnt like a surprise. The feds lost the dna of a surprising market. Thats the reason for all the talking. So, you know, this week is about what they say and what they have forecast. The real problem is, we have l