Flat. The dax in germany up by. 30 . The moves would undermine opecs effort to try and control supply and raise prices. The wti is still sitting 50. 64. 22 are dead and Dozens Injured in manchester england. In this case, police say a suicide bomber likely detonated an improvised explosive device on monday night as people were leaving an Arianna Grande concert. Officials say that they believe they have, in fact, identified the bomber. The singer, Ariana Grande was not hurt. And several hours after the bombing she tweeted, in her words, broken, from the bottom of my heart. Im so sorry, i dont have words. Britains Political Parties have agreed to suspend campaigning until further notice. And donald trump made a joint statement with the palestinian president in bethlehem. So many young, beautiful, innocent people, living and enjoying their lives, murdered by evil losers in life. I wont call them monsters. Because they would like that term. They would think thats a great name. I will call them, from now on, losers. Because thats what they are. Theyre losers. And well have more of them, but theyre losers. Just remember that. Trump went on to say that terrorists, extremists and those who give them aid and comfort must be driven out of our society forever. For more on the uk bombing, lets bring in retired army colonel and msnbc analyst, jack jacobs. Its good to see you this morning. Its never like a new thought for me or a revelation, but i can never get past the idea that to pull Something Like this off you, you know, youve got to sneak around. Youve got to find someone who knows how to make a nail bomb, to take all these steps to inflict horrific injury to children or teenagers. That just sums up how wicked this ideology is and how evil it is. And i dont know to what end any of it, you know, it seems pointless, but very frustrating and it comes right after the president made the speech, and it reenforces they can do this whenever they want, i guess. I guess thats what they want us to think. Well, i think this has been in plain for quite some time. Whoever the perpetrator and apparently now the authorities know who that is. And thats going to deliver quite a bit in terms of intelligence, but whoever it is had to plan it in advance, it had all the earmarks of an isisinspired attack. Had to put together the explosive and finding out what kind of explosive it is, is also relevant. Load the bomb with shrapnel in the form of nuts and bolts and other things. And also, its worth noting, that this was the fourth anniversary of the death of lee rigby, the british soldier who was murdered on the streets of london. Colonel could you hold with us for just a moment . Prime minister theresa may is speaking right now. We want to go do that right now. Ever to hit the north of england. The police and Security Services are working at speed to establish the complete picture. But i want to tell you what i can at this stage. At 10 33 last night, the police were called to reports of an explosion at Manchester Arena, in Manchester City center, near victoria train station. We now know that a single terrorist detonated his improvised explosive device near one of the exits of the venue, deliberately choosing the time and place to cause maximum carnage and to kill and injure indiscriminately. The explosion coincided with the conclusion of a pop concert. Which was attended by many young families and groups of children. All acts of terrorism are cowardly attacks on innocent people, but this attack stands out for its aappallinppalling s attack on young people who should have been enjoying one of the most memorable nights of their lives. As things stand, i can tell you that in addition to the attacker, 22 people have died and 59 people have been injured. Those who were injured are being treated in eight different hospitals across Greater Manchester. Many are being treated for lifethreatening conditions. And we know that among those killed and injured were many children and young people. We struggle to comprehend the warped and twisted mind that sees a room packed with Young Children not as a scene to cherish, but as an opportunity for carnage. But we can continue to resolve to thwart such attacks in future. To take on and defeat the ideology that often fuels this violence, and if there turn out to be others responsible for this attack, to seek them out and bring them to justice. The police and Security Services believe that the attack was carried out by one man. But they now need to know whether he was acting alone or as part of a wider group. It will take some time to establish these facts, and the investigation will continue. The police and Security Services will be given all the resources they need to complete that task. The police and Security Services believe they know the identity of the perpetrator, but at this stage of their investigations we cannot confirm his name. The police and Emergency Services have, as always, acted with great courage. And on behalf of the country, i want to express our gratitude to them. They acted in accordance with the plans they have in place and the exercises they conduct to test those plans, and they performed with the utmost professionalism. 400 Police Officers were involved in the operation through the night. And many paramedics, doctors and nurses have worked valiantly, amid traumatic and terrible scenes, to save lives and care for the wounded. Significant resources have been deployed to the police investigation, and there continue to be visible patrols around manchester, which include the deployment of armed officers. For people who live and work in manchester, there remains a large cordon in place around Manchester Arena and Victoria Station which will be in place for some time. Thetati the station is closed and will remain closed while a detailed forensic investigation is under way. People are still trying to find out whats happened to their children, brothers and sisters and loved ones. So please, think of those people who are experiencing unimaginable worry and, if you have any information at all, relating to the attack, please contact Greater Manchester police. The threat level remains at severe. That means that a terrorist attack remains highly likely. But the independent joint terrorism analysis center, which sets the threat level on the basis of the intelligence available to them will continue to assess this throughout today and in the days ahead. Later today, i will travel to manchester to meet the chief constable in hopkins, the mayor, andy burnham and members of the Emergency Service whose have come to manchesters aid in its moment of need, and as i announced last night, the general Election Campaign has been suspended. I will chair another meeting of cobra later today. At terrible moments like these, it is customary for leaders, politicians and others to condemn the perpetrators and declare that the terrorists will not win. But the fact that we have been here before and the fact that we need to say this again does not make it any less true. For all so often while we experience the worst of humanity in manchester last night we also saw the best. The cowardice of the attacker met the bravery of the Emergency Services and the people of manchester. The attempt to divide us met countless acts of kindness that brought people closer together. And, in the days ahead, those must be the things we remember. The images we hold in our minds should not be those of senseless slaughter but of the ordinary men and women who put concerns about their own safety to one side and rushed to help. Of the men and women of the Emergency Services who worked tirelessly to bring comfort, to help and to save lives. Of the messages of solidarity and hope, of all those who opened their homes to the victims. For they are the images that embody the spirit of manchester and the spirit of britain. A spirit that through years of conflict and terrorism has never been broken. And will never be broken. There will be difficult days ahead. We off our thaoughts and prayer to the families of those affected. We offer our full support to the authorities, the emergency and the Security Services as they go about their work. And we all, every single one of us, stand with the people of manchester at this terrible time. And today, let us remember those who died and let us celebrate those who helped, safe in the knowledge that the terrorists will never win. And our values, our country, and our way of life will always prevail. Lets get back to colonel jack jacobson. Things come to mind quickly, and it helps to have a leader with words of solace, obviously, colonel. But immediately, i cant help but think of trying to make sure it doesnt happen again. And you know, we see this m. O. Of not going into the concert but waiting for people to come out. I dont know what you do about that. You know at the airports now they go to the ticket counter, they dont go in. So i dont know how you can protect places everywhere like that. And they seem to be evolving. Trucks, not necessarily bombs, so its very i dont know disheartening to think about what we need to do other than maybe rounding them all up in one place like the president was talking about in raqqah, but then theyve already fanned out, the diaspora, theres 3500 in the uk supposedly. Thats a number they used. There is no answer, is there, colonel . Thats the biggest problem. Its a twofold difficulty. The first is that we live in free societies, and you have to balance safety with Free Movement. And in an answer larry way, its difficult to round up everybody. Because your intelligence isnt be perfect, and second, youre absolutely right about the fragmentation of the threat. You have people inspired through the internet and so on. I think it will be interesting to see now that they know who it is, theyll be able to go to his apartment and determine to what extent this was planned, whether or not there were conversations between the perpetrator and people either overseas or still in the uk. I think its interesting to note that the Prime Minister said that the threat level would not be further raised. Indicating that theres no immediate indication that theres going, that another attack is imminent. The suggestion being that this is a selfradicalized person, not a conspiracy until they find out more information. But no, you know, its difficult to combine or to deal with the circumstance in which we have a free society with Free Movement on the one hand, and a fragmented and sometimes locally motivated radical, tough to deal with. And the Prime Minister also suggested something that we should all keep in mind, that this isnt, its not the first time weve had to do this. And there are difficult days ahead. That should be a note of caution, not just for the people in the United Kingdom but also in the United States. The threat level was i dont know their system over there, but the threat level was very high already, after the thames, the bridge. People were talking last night on cable that an imminent attack is possible at any time, and we knew that before that. Whats the threat level above where it is, colonel . Is there one higher than where they already were . Yes, its the second highest level. Second highest . Yeah. This threat level says that attack is likely, i think is the wording. The next highest, higher, and the highest is that its imminent that there will be an attack. And they havent raised it to that level. Okay. So its at the same level it was before. But we should, and our level is high but not at the highest either, we should all keep that in mind. Back to the false sense of security that we have an ocean and that maybe its more difficult to find a bomb maker over here domestically, but i mean its probably a false sense of security and, you know, anyone can rent a truck. So yeah. Its happened. And its liable to happen again. Yes, we should not have a false sense of security. One thingive not of note, with to that, we have to note that the threat level is less for our own consumption than it is for Law Enforcement. That gives them certain freedoms that they dont otherwise have. So the threat level is really important for Law Enforcement, less important for, for average citizens like us. I want to follow up on something jo asked earlier. We dont know if its a conspiracy. With a bomb like this, doesnt it sort of have to be a conspiracy, that somebody else or one or a group of people have be to involved in making this bomb . No. One person can do it himself. Its happened before. You can get the recipe online, get it all together, get the right chemicals to do it and you can do it in your kitchen, and it has been done before. It does require i mean, many of the incidents in the past have been conspiracies between those overseas and those in the host country or among those in the host country, but there have been attacks before in which a lone bomber has notten agotten his information passively online and put it all together. Whenever we have you on, its bad, colonel, but thanks. Yeah, we got to change that. We have to have a happy event. Mix it in once in a while. Anyway, we do appreciate your time today, colonel. All right. We will continue to update you on the situation in manchester and any developments as they come along. In the meantime, were also focussing this morning on american politics and the economy. The white house is set to unveil the 2018 budget. We are joined with some of the details. 3. 6 trillion. Thats how much the white house wants to cut Government Spending over the next decade. About half of that would come from significant changes to entitlement programs. This does not touch Social Security and medicare as trump had promised on the campaign trail, but just about Everything Else is fair game. 600 billion from changing the formula for medicaid and phasing out money from the Childrens Health insurance program, 272 billion from restricting food stamps, the earned income tax credit, the Child Tax Credit and others, 143 billion consolidating the federal student loan program. One of the only areas that gets a boost is defense spending. They are requesting 5 more than this year. Veterans affairs would get an almost 6 bump. The proposed budget would start to reduce the balance next year and it would balance by 2027. That hinges on the assumption that the economy will reach 3 growth, which as you know has been hotly debated. It also assumes that the white house will get its tax package going, the business rate will go down to 15 and theyll be able to streamline the personal side. But beyond that, this budget does not provide any other details. We know this is the white house wish list. The next step is for congress to pick it up. And where are the battle lines drawn right now when it comes to that . Right now minority leader senator Chuck Schumer is already calling this plan a meat cleaver to the middle class. So youre seeing some very big distances between democrats and where the white house is, and the white house will need democratic support in order to get this budget passed. But youre also hearing some rumblings from republicans as well. Theyre concerned that some of the entitlement programs, such as meals on wheels might get cut and even representative mark meadows, one member of the freedom caucus, says thats a program he supports. Thank you very much for your time, and we will be speaking with Kevin Mccarthy, the majority leader a little later this morning as well. And coming up, a full run down. This mornings big market movers. And later opec members are meeting in vienna this week. Well have more details on that, coming up. Huh . Dont you mean dad kind of ruined our hawaii fund . I thud go to the thothpital. There goes the airfair. I dont think Health Insurance will cover all. Of that. Buth my fathe without that cash from aflac we might have to choose between hawaii or your face. Hawaii what . Haha. Hawaii you might have less coverage than you think. Visit aflac. Com and keep your lifestyle healthy. Aflac thereit comes to technology, about my Small Business so when i need someone that understands my unique needs. My dell Small Business advisor has gotten to know our business so well that is feels like hes a part of our team. With one phone call, he sets me up with tailored products and services. And when my advisor is focused on my tech, i can focus on my Small Business. Welcome back, everybody. Lets take a look at whats happening with the u. S. Equity futures, yesterday was a higher day. This morning are indicated higher. S p futures up by 3. 5, and the nasdaq up by 7. For more on the broader markets, lets bring in the chief strategist at t. D. Ameritrade. And chief market analyst of the Lindsey Group as well as a cnbc contributor. It seems that the markets are looking past any of the issues in the uk. Terrorism on the minds of everyone around the country and around the globe at this point. But j. J. , if youre looking at the primary drivers to the market today, what are they . I think its the fact that weve had this, you know, obviously, outside of terrorism and the market has recovered. Its amazing how the market just brushes this stuff off now. I think the primary thing is the fact that were coming off a very good earning season, every time weve sold off, as last week proved again, its been a buying opportunity for people. Wouldnt surprise me to see us, w