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tv   Bloomberg Markets  Bloomberg  April 12, 2022 1:30pm-2:01pm EDT

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at-large after 16 people were injured including 10 with gunshot wounds during a chaotic morning rush-hour incident at a subway station in sunset park, brooklyn. a man in a gas mask open to gas canister on the train and shot numerous riders. authorities are searching for the suspect described as a heavyset black man wearing a green construction type vest. today, oklahoma governor kevin stitt signed a law outlawing abortion and subjecting medical professionals to up to 10 years in prison and a maximum fine of $1000 for performing the procedure. the law will, however, i love allow those performed to save the life of the mother. yelp is the latest company to cover travel costs for employees that need to leave their home states to get reproductive care.
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the company has nearly 4000 workers in the u.s. and just over 200 in texas where a bill band abortions after six weeks. they will offer its benefit through the company's insurance provider starting next month. one or two days in the office is the ideal set up for hybrid according to a new harvard business school study. the findings show one or two days give workers the flexibility they crave without the isolation of going fully remote. the study comes as companies like apple, bank of america and google are nudging workers back into the office without a clear sense of the ideal balance between remote and in person schedules. global news 24 hours a day on air and on bloomberg quicktake. powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. >> i am romaine bostick.
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>> and i'm caroline hyde. welcome to our special coverage. we are starting early after several people were shot. we understand many wounded inside a subway station in sunset park. this is still an active shooter situation. an incident that is thus far not deemed a terrorist attack but has not been acknowledged as to what the motivation is. they are not ruling it out. this incident has upended the world of those commuting from this particular subway system. 36th street stop in sunset park which is a residential community. romaine: and a community going through a huge revitalization process with new development along that area and the water channels, the former marine terminals. this train stop itself is a huge transfer point for a lot of people looking to get from brooklyn into manhattan. some of those trains go into
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queens. huge hub for people. at some point around 8:24 this morning the man boarded the train for manhattan and while that train was in motion he opened a canister, smoke filled the train, and at some point it is said he began shooting people. the train then pulled into the 36th street station where people were able to escape and told, at least by what the police commissioner said, it appears the gunman was able to escape in the chaos. caroline: we understand the man is being looked for. he did have a gas mask on at the time and wearing dark blue outfit to resemble that of a transit worker. currently being treated are 16 patients, 10 with gunshot wounds. let us get on the ground in brooklyn with kriti gupta.
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amid the sun filled day in brooklyn upended by this tragedy. what is it like on the ground? kriti: we are seeing some of the police presence clear up. for the first time since we arrived you can see the subway station, the entrance opening up yet in clear sight. that was surrounded by the police presence. you are seeing that declined. they have also moved and opened the roads in front of the subway station. that is the first since the attacks happened. they created a 20 block perimeter. that is being removed and closed in. the shelter-in-place order remains in the restaurants, delis that would see an active lunch are closed. romaine: it would be good if you could talk to some of those people and see how they are handling this. have they given any update with regard to allowing passengers down into that station and back onto the trains? kriti: like some of the delis
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and restaurants in the area they have completely blocked off -- you cannot enter the subway because of the police. that is why you are seeing the trains diverted from the 36th street station. some of the service when it comes to the d and r line have been revamped. as of this particular spot it is not being revamped or reused. it is unclear what the timeline is. a lot of that rests on the progress in tracking down the shooter that remains at large. romaine: good point. the shooter is still at large. kriti gupta in brooklyn. we want to go to washington with annmarie hordern. president biden has been briefed regarding that shooting. we have been hearing from jen psaki. what do we know coming out of washington? annmarie: right now she is talking to reporters on air force one as the president heads to iowa. she has yet to be asked
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information regarding what the white house knows about what happened. but here is what she said earlier on twitter which is the president has been briefed regarding the new york city shooting and that senior staff are in touch with mayor adams and the police commissioner. what we are hearing on the ground is all coming from new york. what we should note is it comes a day after the president and his administration that many have been critical for the increased in crime, which is taken under the covid-19 pandemic, was talking about trying to decrease violence by making sure they are going after these ghost guns which can be assembled at home and go undetected. this does come at a critical time as this administration is gearing up for midterm elections and just on sunday there was a new cbs poll. approval ratings for the president was 39%, disapproved 61%. caroline: less than 24 hours ago
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we were hearing on new gun regulation coming from the president. thank you so much. let's continue to monitor this breaking news. we bring you analysis. jamil jaffer, founder and executive director at george mason university school of law. formerly served on the leadership team of the national security division and counsel to the assistant attorney general for national security. exactly this out of expertise we need. your reaction thus far and how we see the response coming from what a relatively new leadership team but one that reacted swiftly. jamil: that is a great question. the real challenge here in new york is figuring out how to identify where this person is and whether he is part of a larger group. we don't have any signs today this is a larger terrorist
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organization. he was clearly prepared for the incident putting on a gas mask, putting out that container and started shooting at people. but that is obviously the big fear in new york city. given all the places the subway goes, all the locations that could be attacked, is this part of a larger effort? mayor adams did a good job getting hold of the situation and the president being briefed. they are looking into this to try to figure out, what are the next steps? romaine: there is a broader issue here and i am wondering realistically how you create greater protection for transit systems? not just in new york but nationwide? you get on an airplane, you go through screening, enter certain buildings, there all types of checks and balances to make sure the people entering are doing so in a safe and responsible way. so far, it does not seem there is any reasonable way to institute better security procedures that does not completely slow down the process
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of entering and exiting our transit systems. jamil: you are exactly right. this is one of the biggest challenges given the number of locations we have like the new york subway system. if you were to install magnetometers alone, that would slow down getting into the station. but also require the deployment of magnetometers. the scale and scope in one city alone is hard to imagine. beyond that, at the same time we do know the new york city police department and fire is on point. they are focusing on where the threat zones might be an targeting those. we also see patrols in the subway system and the like. we need to figure out a way to both allow our people to transit but protect security. we might need to do more when it comes to the subway system not just in terms of metal detectors but also gas detection devices
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and dispersal devices. in that tightly enclosed environment whether it is teargas or whatever this person used. caroline: interesting you talk about a wake-up call. this is not a wake-up call. it is something the administration has been dealing with since they took over. 100 days for mayor adams. he has said it is incomplete when it comes to crime. he himself a former police officer. what else is needed? we heard from a relatively new police commissioner talking about how our police need more help, so said commissioner sewall. is that about more boots on the ground? what is it about? jamil: part of it is a matter of having the right number and quantity of police officers, vehicles, but it is also about training.
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new york city police officers no matter how many there are cannot be everywhere at once. we need to assess threats, take action, be prepared and have the force to muster. we have been going through a time in our country the last few years debating what the size, structure and nature ought to be. at times the larger mass casualty events, which hopefully this does not turn into a mass casualty event than it already is, they do tend to wake us up to the threats we face and the crime challenges we face whether they are terrorist attacks or criminality. that does require more equipped, more training, more officers and the like. romaine: how much of this needs to be coordinated at the federal level? or do we leave this to local and state authorities? jamil: this is another complicated challenge. when it comes to terrorism, we generally thought federal officials need a coordinated, direct role. when it comes to these criminal events, we do not know what this was but it looks more like a
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criminal event at this time. those lives -- we tend to believe the locality has ownership over it. but the threat matrix is something the federal government has a good handle on. the new york city police department is the best in the country that have an intelligence capability and operate like a federal agency would because of the threats they face and the size of their force. romaine: really appreciate you taking time. jamil jaffer, founder and executive director of the national security institute at george mason university out in virginia. we do want to bring you some footage of what happened earlier today. we want to give you an advisory some of that footage might be disturbing.
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caroline: to our viewers worldwide, here in new york city, we will keep you abreast of what is an ongoing situation in brooklyn where earlier at about 8:30 a.m. 16 people were injured, including 10 with gunshot wounds. we understand an incident occurred on a subway station in sunset park, brooklyn. we will keep you on top of breaking news as the shooter remains at-large. for the moment we return to another key data point for our audience. that being one that impacts the u.s. consumer, in particular the prices paid. rising in march since 1981, reinforcing pressure on the federal reserve that interest
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rate hikes are necessary. we bring in mike mckee. 8.5% reading, one that was far more than the market anticipated. mike: ronald and nancy reagan were celebrating the first christmas in the white house in paul volcker was in his second year of being the fed chair. we know what happened after that. this is probably not going to be the same. analysts are suggesting this is the peak for inflation. one because gasoline prices have started to come down this month and because we have base effects. inflation was so high in the four months we are in now last year that this year it will come in lower on a statistical basis. romaine: and we are trying to look for bright spots. we are talking about a report of energy prices rising. we have seen in moderation in some of those prices and we saw a car prices fall in the most recent month. mike: used car prices are interesting because they were one of the biggest contributors
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to the surprisingly strong supposedly transitory inflation last year. a lot of rent-a-car companies had sold their cars and when the pandemic started they had to buy back all the used cars they could find and then there were no used cars for anybody. and then we ran into the semiconductor shortage. that has finally started to clear and that is what the fed expected some time ago with a lot of these different categories. the fact that they went down, pushed down goods prices for the first time since the pandemic, and service prices went up. that is also something the fed is looking for. we are still a long way from where they want to be and it could take years to get to 2% again but this may be the worst of it. romaine: interesting cpi report. their reaction initially was the market that actually went up. at about 1:48 new york time relatively flat. michael mckee breaking down the
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numbers. i will have that cpi data around 8:30 a.m. washington time. in new york around that same time there was a shooting aboard a subway train in brooklyn. we have been covering that all day long. we will get back to our coverage in just a moment. this is bloomberg.
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romaine: we are continuing our coverage of the shooting that occurred a little bit earlier today about 8:30 a.m. new york time in brooklyn outside of manhattan. manhattan bound train, a person entered the train at some point. while on the train he opened a canister, smoke began to fill the train car, and then he began shooting. that according to the police. the police are now looking for that suspect. right now, that suspect at large.
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joining us to talk about what we know and what we don't know, nelson joining us, former u.s. marine and law enforcement professor and founder and ceo of the new york city-based security company 360 protective solutions. thank you for taking the time. before he get to your current role i would like you to put your former role as a law enforcement detective on for us. gives us a sense in this type of situation what new york city police detectives are doing. what they are trying to do in order to find the suspect. nelson: right now, what they are doing currently is gathering as much information from eyewitnesses, they are doing video tracing, they are going through surveillance footage, starting from the endpoint which was the unfortunate attack that occurred this morning. just gathering that video feed and taking it all the way back
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tracing this person, the suspect's steps. and trying to figure out what led to this whole thing. what was the motive? as we speak that is what they are doing. caroline: you yourself awarded combat cross, the second-highest metal for successfully performing that and the extraordinary heroism of a shooting incident. i am interested in your perspective of what more is necessary to prevent further shooting incidents? we know it is impossible for everyone to be everywhere at all times, but when you are thinking with your 360 hat on what more could be done? nelson: well, i think we all have to dip into different hats. our solution, you know, it works but the community law
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enforcement, the politicians, ever but he has to work together. one thing is you never stop learning. you can always expand your knowledge, get with your local precincts. they always have some civilian training. in addition to that private practitioners such as myself now. we provide active shooter survival training courses and we also do situational learning. it is kind of reawakening. the unfortunate things we face with these attacks. the other part is law enforcement will continue to work diligently. they will work hard, detectives and police officers 24 hours a day trying to keep everything under control, trying to increased people's face in law
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enforcement and the justice system. that is one thing coming from all fronts. romaine: i think we all have a lot of faith in that law enforcement system but when we talk about a subway system that is so sprawling -- and no matter how many cops you put out they are not always going to be at every station and every car at every time -- i am wondering if you think there are steps that can be taken to ensure more safety? if it is not more officers, is there a way to ensure or at least to mitigate the potential of something like this happening again? nelson: there is several. i mean, as unfortunate at these events are in new york city being one of the most highly populated cities in the world the transit system is extremely busy. you have millions of riders traveling every day to and from their locations. the biggest thing is access
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control, visibility, training. access control, yes, you want more surveillance. you want to have enforcement back checking. i know the nypd was very active with the back checks. mta as well. it is basically continuing to do that. do that on multiple fronts. may be some sort of, like the police department working in partnership with the traffic division. while it is separate they both work for the city. caroline: thank you so much for your expertise. nelson vergara, former u.s. marine and law enforcement professional. awarded at that. this is bloomberg.
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romaine: i am romaine bostick. caroline: i am caroline hyde. this is "bloomberg markets: the
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close. an event unfolded earlier at 8:30 new york time. 16 wounded, 10 have currently got existing gunshot wounds. all occurred in a subway station of sunset park, brooklyn. the key factor is the shooter remains at-large. romaine: we heard from the police commissioner a while ago. they said it is not being investigated as an act of terrorism although they are not ruling that out. she said about the suspect who, according to her, boarded the train at some point manhattan bound, donda gas mask and opened a canister of some point. a the train began to fill with smoke and at some pointl thati suspect began shooting. it came to a stop just across the river from manhattan. we are told people exit


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