a csx spokesperson told me tonight the company regrets today's incidents.live in point breeze nbc 10 news. >>> tonight we are getting our first look at video showing two south jersey officers from the same department caught on the wrong side of the law. this one involves millville lieutenant carl heger. watch as he shoves a man walking into canal's liquor store there behind him. it happened on april 9th. the officer was charged with simple assault and is on paid administrative leave. the second video show a lieutenant being pulled over after sideswiping another car saturday night. the officer was charged with dui. >> we're transparent. we did everything reasonable and necessary the minute we found out about this incident. we reported it. >> the lieutenant was temporarily in charge of the department. this week the prosecutor's office assigned an investigator to oversee internal affairs and another captain to take charge until there's a thank you chief. >>> new at 11:00, a nationwide computer outage at starbucks means free drinks for some customers. a glitch

. >>> results from csx, the railroad reports an increase of $0.45 a share, a penny better than estimates. and revenues were higher than a year ago. they said freight volumes grew and were able to charge higher rates and that pushed shares higher. and the company announcing a $2 billion share bu and a dividend mark to 18 sents a share. morgan brennan shows us with the report. pretty good report this time around. >> pretty good report. but the strong dollar and low energy prices specifically cheal gas did cut into the volume marley for coal which is one of the biggest businesses for railroad particularly easter railroads like csx and that is a head wind. but the good news is despite that we did see overall volume increase and see other types of goods moving across the rail network and the stronger prices and that is why the earning beat for csx. and they are the first to report for q did they do better than expected or are we going to see this play ought across the other railroads. and we saw others warn earnings on monday night so it could be an play in terms of what the earning look like

csx says the 100-year-old tunnel is starting to decay. the train company wants to double its size. a city watch dog group is worried about noise, vibrations, air ploougs andollution and risk of an accident. csx says it's committed to doing the project the right way, safely respecting our maybes and working closely with residents and businesses to minimize impacts and to ensure that they're informed about construction plans. >>> $675,000 that's how much airline passengers left behind last year at security check points. it's mostly loose change we take out of our pockets. the tsa keeps the unclaimed money for security operations. flyer at dulles led more than $22,000, nearly $10,000 left at reagan national and about $8500 unclaimed at bwi har wchltw marshall. >> i wouldn't leave behind a flick he will nickel. >> and at nats parking rules are strictly enforced. used to live there and i know it all too well p. this includes sundays and home games that happened on holidays. last season new 4/raised questions about confusing parking signs. we accepts them to d.c. transportation officials

the cfo from csx talked about this in early march. talked about coal. just like we heard from the rest of these guys in the rail industry those tied to coal right now, major problem. but it was priced in. that's why you're seeing the reaction you're seeing tonight. >> today's movement is extraordinary. we closed friday today on the nsx and follow through, you actually had a case where it was csx and down almost 6.5% from that move. and it started to price that back in. it's been thousand cuts and csx has proven that it is a fanta fantastfantas fantastic balance sheet and they were priced. the reaffirmation you got in march is what you should have listened to going into this number. >>> our call of the day on tesla. behind that call and why the firm is keeping its overweight rating. >>> plus, trading the range. earning season kicks into high gear and later on bank of america, citi and goldman to report earnings this week. why right now is the time to buy the global finances. stay tuned. the 328 horsepower q50, from infiniti. grind virtually any kind of f

take a look at the daily chart of the well run csx. this is the only chart we have seen in the transports that lange says is not horrible! it's not great, though either maybe not good. it's also not terrified. csx managed to find a support of the 200 day average, the.flow index is positive. yay! indicating big institutions are cumulative in this. it can make a bullish crossover. >> that would be positive. >> that said csx trades at $33.55. it has a ceiling resistance at 35. lange believes that will be the only hurdle. according to lange, csx is the best of the bunch. this is the one he picked. although, that's not saying mump, given the watch in the weakness of the entire group. you know transports are extremely important to a lot of the thinking behind "mad money" and the charts interpreted at least by bob lange suggests this key group could head lower. which confirms my belief the economy is slowing here. i don't want to be bearish because i think many of the stocks are reflecting a strong dollar. i'm beginning to question that assum

. >>> new developments in the fight over a csx rail tunnel in the district. a federal judge issued a ruling today. >>> and confusion about parking coming back to nats park in the new season com >>> breaking news now. nbc news has confirmed u.s. officials believe russia was behind the hacking attack on the white house last fall. reportedly the president's schedule was hacked but white house officials continue to say that no classified information was breached. >>> 580 days until we go to the polls to select our next president and now there are two official candidates. kentucky senator rand paul entered the race today. nbc's edward lawrence is on capitol hill with paul's next step. >> reporter: doreen right now rand paul is heading to new hampshire to try and continue to win momentum he had for his announcement. he hopes to impress the voters there in the state that has the first primary election for president. >> to fix washington -- >> reporter: with campaign ads designed to connect with young voters rand paul announced he wants to be president of the united

. >> csx? >> it's a tricky play right now. it was a good earnings number and the overall report from csx. the price of natural gas at $2.50. all the utilities are using natural gas instead of coal and for the eastern railroads like csx, and norfolk southern, that hurts a lot of their traffic, i would be very cautious on csx. >> doc, smith and wesson. >> bad weather didn't keep people from buying guns and that's why they raised guidance. they raised guidance margin estimates. gross margin and so forth. this stock is already traded triple normal volume and it's pushing up over 12%. this is just a fantastic quarter for them. >> josh, what's your read on the google deal over in europe? >> i mean, what will end up happen something they'll settle with the european authorities, and there's a new person there that's trying to make a name for themselves that's fine. they'll write them a check for $1 billion. the stock has been on the down trend for a while. i don't think it's down because of this news specifically. i think there are bi

csx says the tunnel is starting to decay. city watch dog group is worried about noise, vibrations air pollution and the risk of a rail accident. csx says it is quote, committed on doing this project the right way, safely respecting our neighbors and working closely with residents and businesses to minimize impacts and to ensure that they are informed about construction plans. >>> the virginia medical examiner's office is investigating the sudden death of a loudoun county high school student. madison small was a varsity softball player in ashburn. she died yesterday from an unknown illness. well wishers an students took to twitter showing their respects for her family and saying how small had touched their lives. >>> gaithersburg police are investigating a hate crime after from a graffiti are scribbled. 11 swastikas and hitler and kkk were scribbled on the building. members spent the day trying to power wash the xwra fee aity off. the rabbi wants whomever did this to be held accountable. >>> many of you if prince william count

csx says the 100-year-old tunnel is starting to decay. rain train company wants to double its size. a watch dog group is worried about noise, vibrations air pollution and risk of a rail accident. csx says it is commit order doing the project the right way safely respecting neighbors and working closely with residents and businesses to minimize impacts and ensure they are informed about construction plans. >>> police are trying to get to the bottom of a hate crime at a synagogue. two men are scene on camera running around the congregation in gaithersburg. they spray painted 11 swastikas on the building. hitler and kkk were also splattered on the building. members of the congregation spent the day trying to power wash the graffiti. the rabbi wants whoever did this to be held accountable. >>> chips are stacking up at maryland casino but they aren't as high as they used to be. revenues of about $51 million that was last month, and that is down 16% from last march. horseshoe casino in baltimore had its best month last march. it brought in abou

csx corporation, real crazy call trading today. so far volume in csx is 20 times normal volume, all in calls. 125,000 calls in trading. david: what is going on there, mark? what is going on? >> you know there are all these take-out targets. there are lots of rumors about mergers and acquisition. rail is a real interesting space. david: sure is. >> definitely area where there could be consolidation here. david: okay. >> i could see cxx being a target. norfolk southern about same value. david: csx, that is very interesting suggestion. thanks for that. jeff, because of seesaw action, there are times when the best thing to do is do nothing. i'm wondering if this is one of those times until you're sure of some kind of market direction. >> i think that's right. i think s&p is locked between 2040 on the downside and 2120 on the upside since early february. to get real aggressive you would need a breakout of one those sides. my guess is upside. a-d line, advance-decline line is pointing that way. russell 2000 which is comprised to a large

. >> repairs to this crumbling csx railroad bridge will close one of philadelphia's busiest streets for a while. you're looking at the 25th street via duct inpoint breeze. chunks are concrete were falling. neighbors tell us that it should happen sooner. >> it should start sooner. >> it's decrepit. something should be done now. >> the time right now is 5:08. former olympic gold medalist and former reality tv start bruce jenner says i'm a woman. >> how do you tell my story? how do i tell people what i've been through? >> you'll hear more of his emotional conversation coming up. plus demonstrator are demanding answer over the death of a man who died while in police custody. we'll explain what they have planned. the frost advisory is in the lighter blue there and it's affecting cities like wilmington, ashton stretching into philadelphia and the rest of the area in the darker purple under a freeze warning. so hopefully you were able to cover up some of your plants especially if you just planted them last weekend. 28 in coatsville, 29 in oxford, 33 degrees in wrightstown, 28 in millville. tem

csx specifically, i can't speak to. i haven't looked at it.now for the la month or so has clearly underperformed. that's a big drag on the transports. it gives me pause. if you look at the rails, i could speak to unp and ksu. valuation wise they've getting interesting at these levels. >> can't you exclude the rails from transports the same way you want to exclude -- >> i'm not excluding anything. >> i'm making a point here. a lot of the reason we're seeing weakness is the rails is the weakness in oil. oil prices are down airlines should be doing better. >> airlines i learned long ago, airlines are not about the fuel cost. it's about the load factor. the demand for the seats. demands have been there. >> cheaper oil must help. i mean -- >> over the last couple of years airlines have performed fantastically. warren buffett was on air saying he would never invest in airlines. it's a losing proposition. >> he did once. >> today the situation in the airlines is meaningly different. i'm not an airline specific analyst but they've cut capacity and the

city councilman johnson announced the multibillion-dollar project csx transportation owns the bridge. johnson calls the bridge a major threat to public safety. >> chunks of debris that falls on a regular basis during the winter time, you have huge icicles falling from the bridge. so it's always been an area of concern. >> csx crews will replace walls and restore the drainage system and bridge deck. >>> a ground breaking today for the second phase of a big road project in montgomery county. la fayette corridor phase two will complete the section. road crews will also connect the corridor to the pennsylvania turnpike. >>> today camden's marek nized volunteers and the value of the work they do. mayor redd honored more than 200 a a mary corps members. volunteers helped make it possible. >> children and families deserve improved quality of life. no deserve a safe city. >> and volunteers will help sfrus spruce up the city. >>> city council expected to clear the way for stockton university to use the former show boat casino as a college campus. it would prohibit it from being used as a casin

in a few minutes work will begin on the csx virginia avenue tunnel project. will shift lanes on fourth street southeast. news4's derrick ward has more on the construction and how long it will last. good morning. >> reporter: well so far -- good morning. so far this is a problem that hasn't materialized yet. and we don't know if it's going to start today or not. but it's scheduled to start any time after today. you'll be losing a lane here along fourth street. take a look where we are. this is the 695 southeast-southwest freeway. from the westbound lanes of virginia which are on the other side of the freeway from us all the way down to "i" street. what's it all about? take a look at the marks in the street. this means there's some construction going on. they're relocating some utilities. why you ask? it's because of train tracks that run under this area look at some video. these are csx tracks and there's a 110-year-old tunnel that runs parallel to the freeway. it used to run to the old train station, it was on the mall in the days before union station. now, t

it has remained an important part of csx lines facilitating train commerce all up and down the east coastmight say it's the i-95 of rail lines, but it needs an upgrade. they're going to be upgrading the tunnels for safety and also just relocating some of the tracks and making them more efficient. you're going to see some lane closures here pretty much between 7:00 am and 7:00 p.m. for the two months of the duration of the project. also going to lose some parking spaces and this is on a section of fourth street southeast between westbound virginia avenue and "i" streets southeast. again, once the construction gets underway, expect to lose those lanes between 7:00 a.m. and 7:00 p.m. there are signs and cones to direct you around it. but you might want to alter your trip a bit as you make your commute around this work. we are live in southeast, derrick ward news4. >> thank you. 13 before the hour now. >>> a new place is now considering charging you for driving during rush hour. news4 transportation reporter adam tuss learned that tyson corner is considering it along with d.c. like the 495 ex

and we are counting down to earnings from csx and intel among others. we will get sam druckenmiller's advice for investors. and former homeland security secretary tom ridge tells us who he thinks should be the next president of the united states. "street smart" starts right now. here are the top stories we are watching. the white house signaled president obama will sign a propose iran compromise. this would give congress a say on emerging deal to curb tehran's nuclear program. energy future and in its creditor groups expressed optimism over an $11 billion proposal to reorganize the company. it would allow them to exit bankruptcy by year's end. the final agreement maybe two months off. tencent's market value plunging after the chairman cut his own stake in the company. the stock seeing its biggest decline in almost a year. we have less than an hour to the close of trading. let's go to scarlet fu. scarlet: i want to start with news from the european central bank. thatit is raising its greek ceiling to 74 billion euros. perhaps greases government is prepar

csx is out tomorrow. the transports have been pretty disappointing. >> unfortunately, what they're tried to, it's energy and a lot of it is still very involved with the coal world. so as they projected these coal numbers would even get worse and maybe at least stay down over the next couple quarters, that's probably correct, so you have to just play into that, but i think csx, if it gets pushed down underneath 32, it's got to be a buy. i like it down there, i look at this name all the time. it was pushing towards 34, pulled back already. i think if there's disappointing numbers tomorrow, as long as their forecast isn't terrible, i think it's probably a buy. >> look at shares of netflix jumping 4%. it's up 12% just the past week. the company revealing in an s.e.c. filing on friday that it is seeking to increase the amount of shares it can issue to nearly 30 times, 50 billion shares. in the filing they say they expect to undergo a stock split if the proposal is approved by shareholders. netflix getting an u

police say overpass maintenance is responsibility of rail company csx. >>> unisis says they're slashing global workforce by 8% and that means 1800 jobs. information technology company is based in blue bell. today the company reported losing 43 million dollars in the 1st quarter. and comcast officially pulled the plug today on its 45 billion mega merger with time warner cable. federal regulators were planning to challenge the deal heeding out cry of consumer groups and others that the philadelphia based company would have too much power over cable internet and television. comcast chief brian roberts said in statement today the deal was structured so comcast could walk away if government deposit agree and "today we move on.". >>> we're still in dark of when the lights will come on at the old revel casino. it was expected to be today after they game to quarter million agreement with the power plant next door following two weeks without power. now it won't happen until next week possibly wednesday. that according to energy supplier. atlantic city still fining strawb 5,000 every day with ele

csx owns the bridge. he call it had a major threat to public safety. railroad crews will replace walls and restore the drainage system and bridge deck. >>> getting the stink out. that's what officials with new jersey transit are working to do this morning after several complaints of a bad smell on trains. officials say those trains are kept in a rail yard that's located less than a mile from a mulch factory. a spokesperson for new jersey transit told nj.com the agency has received about a dozen complaints about the smell on board the trains. we'll keep you posted on what progress officials are making to remove that smell. >>> lawmakers in ohio are >>> a lottery ticket sold in montgomery county is worth $1 million. the winning cash 5 ticket was sold on high street in pottstown. it matched all five numbers in tuesday night's drawing. the store's owner will get a $10,000 bonus for selling the winning ticket. and here are the winning numbers. 13 14 15 29 and 32. the winner has until april 7th of next year to claim the prize. by the way the pennsylvania lot

csx has announced it will start repairs to the bridge beginning in june. neighbors and officials tell us that the work should start sooner. >> do something to the bridge before somebody gets killed. >> it's decrepit it's falling apart. we should start immediately. >> part of the repairs would wrap the bridge in a debris shield. >> olympic gold medalist bruce jenner is telling the world, quote, for all intents and purposes i am a woman. jenner said he began the transition in the 1980s by tykingtyke taking hormones having surgery to make his nose smaller and he said "they see this macho male but i'm more than that." >> bruce lives a lie. she is not a lie. i can't do it anymore. >> jenner says while his brain is more female than it is male he has not decided whether to undergo sexual reassignment surgery. he hopes speaking publicly will do some good in the world and save some lives. ♪ close your eyes and i'll kiss you ♪ >> and paul mccartney has added another concert to his tour and the lucky city is philadelphia. >>> make sure you bundle up before you head o

csx owns the bridge.the councilman called it a major threat to public safety. >> some debris that falls from the bridge on a regular basis. during the wintertime you have huge icicles falling from this bridge. it's always been an area of concern from the residents. >> railroad crews will replace the walls and restore the drainage system and bridge deck. >>> meantime officials broke ground yesterday for the second phase of a major road project in montgomery county. the lafayette street corridor now extends from ford street in norristown just about to conchahocken road. >>> 4:52 now. there's something smelly in the air on board some local trains. and it has nothing to do with the passengers. you'll find out what officials say is the source of that odor coming up. >>> it's an alternative to burial or cremation. we'll tell you what this is and how it could soon become an option for people in one state. >>> a montgomery county police department is tackling race relations. lower merion township released a repor

csx cut its four-year forecast. we heard that norfork southern was doing the same.sign for the broader market? >> the big drivers of demand for the railroads are in arguably secular decline. some of the things might not come back for a long time. i know oil is rallying. i would be surprised if it stays above 55 for long. you can argue that the -- for all the buybacks and effort they are making, it seems like they're trying to fight a tide they may not be able to hold off. scarlet: we might have found stability with oil but it does not mean oil is ready to rebound? >> right. scarlet: ok. let's move on to trade. the frenzy in chinese equities. the chinese economy grew at a slower pace than expected, depending on what your whisper number was. 7% annual growth. you are looking to use the etf fx i as a way in the chinese market. it is near 52-week high. what is your strategy? >> to take advantage of the momentum while taking advantage of the bullish sentiment. there is a chart of the new accounts that are open -- it looks very similar. there's been a massive frenzy and t

and we are counting down to earnings from csx and intel among others.am druckenmiller's advice for investors. and former homeland security secretary tom ridge tells us who he thinks should be the next president of the united states. "street smart" starts right now.

csx will begin work in june but neighbors and officials tell us the work should begin sooner. >> do something to the bridge before somebody gets killed. >> it's decrepit falling apart. we should do something immediately. >> the bridge will be wrapped in a shield catching any falling concrete before it causes injury or damage. >> coming back, we'll introduce you to wednesday's child. here's a live look down the shore at cape may, new jersey. we'll tell when you our spring will return in the first alert forecast. >>> today you may hear some booms, some loud noises coming from joint base m mcguire-dix-lakehurt. they'll be doing some operations there. >> six k-9s received bullet-proof vests yesterday. the vests will keep the dogs safe from any injury. now to check in with this week's wednesday's child, she's a little girl who can truly light up a room. she's hoping to brighten up the lives of a forever family. here's sophia. >> reporter: she has a smile that just lights up a room and a love for arts and crafts. we went to the please touch museum in philadelphia to get our hands on some fun. >> i

now csx rose 11% as they benefitted from high freight volumes and shipping rates and got a lift fromower fuel prices. they're launching a $2 billion stock buy back and is boosting it's quarterly dividend by 14%. it rose 2% after hours. in frankfurt it's up more than that today. >> let's take a look at the banks. bank of america reports first quarter results at 7:00 p.m. eastern today. the company is forecasted to earn 29 cents a share on revenue on $21.5 billion. both are down from a year ago. analysts don't expect any material surprises in terms of legal issues. the ceo has last year's u.s. mortgage settlement is the last from the crisis area. bank of america shares up three quarters of a percent in frank further. >> profits of jp morgan rose thanks to a rebound in fixed income tradings. kate kelly had this report. >> a beat today for two of the nation's largest banks jp morgan and wells fargo that exceeded able list expectations on their top and bottom lines after solid first quarters for both in among other areas, mortgages and trading markets but they diverged in public perceptio

in 2000 when she was the mayor of darby borough, brown parked her car on csx train tracks to protestnctioning crossing gates. in 2004 council members tried to move her out of the mayor's office inside the police department. she locked herself in. again, nbc10 live in colwyn as we monitor the situation there. you can count on nbc10 to bring you new developments in this ongoing power struggle on the air and on the "nbc10 news" app. >>> a new jersey teacher who assigned her class to write get well letters to a convicted cop killer is now suspended from work. this happened in orange essex county. the school superintendent said he had no knowledge the teacher assigned her third grade class to write the letters to abu jamal. school administrators say the teacher did not ask for approval and parents were not told about the assignment. the letters were sent to abu jamal who was hospitalized. the former black panther is serving life in prison for the murder of daniel faulkner. >>> tonight the ground could shake and you could hear some explosions at joint base mcgwire dikes lakehurst. marines

the bridge owned by the train company csx, spans 1.2 miles through south philadelphia. multi million-dollar improvement project will include restoring drainage systems and resurfacing the structure's crumbling front. that project is peck to be wrapped up in five years. >>> still to come on "eyewitness news" a warning about certain generic versions of a drug to treat adhd. hear what happened to one teen who has the disorder. >>> also the hunter become the hunted, a wild image off of the florida coast when a would be cat snatches a snacker right out of the ocean. we will have more on that incredible picture next, justin. >>> and we were spoiled with some stellar weather on opening day different story and live on the mobile weather lab, where tonight we will get cold weather gear and with some rain we will talk about the the forecast with the "eyewitness news" when we return. your buddy ron once said he could install your ceiling fan. he couldn't. and that one time ron said another chili dog was a good idea. yeah, it wasn't. so when ron said you'd never afford a john deere

a csx freight train is traveling southbound behind the company's warehouse. as the train approaches a railroad crossing, it's moving at about 49 miles an hour. at the same time, a truck is crossing the tracks. they collide -- [ crashing sounds ] >> eastern truck & trailer employee, mike tobias, sees it from his office. >> it drug it down the track 40 feet. >> mike dials 911. >> there's been a terrible train accident. train hit a truck. hurry up because there's going to be really bad injuries. >> with emergency responders on the way, mike and some co-workers rush outside to try to help. mike records the scene on his phone. >> 911's coming, partner. >> with the fire raging, it was kind of a scary situation. holy bajoles. i hope those guys in the engine made it. i saw it on my camera, man. i saw it hit. >> nearby, at layer scaffolding warehouse, employee tim corver also witnesses the accident. >> i was probably 20 to 50 feet away from where the train was derailing. when they get near that intersection, the trains blare their horns three to five times at the inte

csx today. as a matter of fact, the april 34 calls, they had about 2600 open interest, they started the buying when the stocks was in negative territory now in positive territory. trading around 45 cents on these options. now, it's a very short cycle. but you've got a couple weeks, i'll probably hold for a couple weeks. i think there is plenty more upside to come. the stock has hold on to that 200 day, where it's sitting, holding that support. >> who else has a take on the rails in general? >> the transports are interesting. >> so dramatically underperformed. >> yeah. but then the separation between how well the airlines have been doing, and how poorly truckers and rails have been doing. and as a result, you did not get confirmation with a new tranny high along with the new dow high earlier in the year. and i think a lot of people are focusing on that kind of thing. >>> the yield on the ten-year note now at its lowest level in some two months. jackie deangelis with the futures now crew. jackie,

we lowered expectations so much that when csx does what we thought it's a god sent. i think that's going to be part of the whole earning season. wow, the expectations were so low johnson and johnson were really worried about look at the johnson and johnson. they did not go down on what you could argue was a hideous number. it was a quote buried within. people are being forgiven. that's important. there's a forgiveness theory here. >> we mentioned it yesterday. the deal is official. it was announced. nokia combining. there's a headline from the press release. it had been errorrecorded previously they were in talks. it's a disappointment if you look at shares. it's not as high as many speculated. some expecting would be at least 40 if not 45%. it ends up 33.5%. the consideration is point 55 of the newly issued share. you're getting point 55 of the share of nokia creating what they hope will be a real competitor to the likes of erickson erickson. it seems to be very aggressively entering a lot of other markets around the world. >> i think that cisco is also a big compet

intel and csx, they report after the bell.t's a big week for financials you have bank of america reporting on wednesday, followed by citigroup and goldman sachs on thursday. and netflix steals the show on thursday. friday after the major buy back announcement that we had last week. >> a key fed official says there's less risk now. san francisco fed president john williams tells reuters the central bank is now focusing on charting an appropriate path to remove rates from zero to a normal level over several years. to get his message across williams has been handing out t-shirts with an arrow busting out of a computer that says monetary policy it is data dependent. and we put the question out on twitter and on email what would you put on a t-shirt when you talk about the u.s. economy and the response that we've gotten is tremendous. >> amazing. fantastic. what have you got? >> always use a nondom. linda says fed up. move my bank rates. quantitative easing a queen or a cruise ship. >> anthony says kiwi. you never know how much you

follow by csx and amazon. and i can't see what the worst performers are. we'll get those for you later here. >> we do know google a lot of tech companies having a strong session as well. google in the news for changing the way it lists searches if a website is mobile device friendly will be ranked higher than those who aren't. some are calling this mobilegeddon. >> interesting development here. let's talk about it. aaron shivers, chairman and ceo of patriarch equity. good to see you both. thank you for joining us today. >> good to see you, bill. >> what do you make of this? now they want to move more toward mobile makes sense doesn't it? >> they're very smart. what happened in 2013 they recognized that mobile was going to be the future. they gave advertisers the ability for really nothing to if you advertised via the web that you would also be able to get mobile. what happened was, the negative implication is that that drove down click costs. people saw that advertisers saw that it wasn't converting as well. so what they recognize is to stay dominant they

we'll talk to an analyst in a couple of minutes and then csx looks to be an early winner.he railroad company with better than expected earnings on increased freight volumes. also announcing a dividend increase in a $2 billion stock buy back. right after larry said don't do this stuff anymore. right in his face. >> everybody is doing it but he's going to come in here tomorrow and i think while the letter was meant to provoked he's more measured on it. with ge he's okay with the buy back program because he says look, you're getting rid of ge capital. a substantial reason to do it. for him it will be about balance and we'll see how he talks about it. in the meantime economic news out of china, a big po cuss of the global markets this morning. eunice joins us this morning to tell us more about it from beijing. good morning eunice. >> good morning, guys. well china's gdp came in at 7% for the first quarter. this largely came in line with expectations but it is the slowest level of growth this country has seen since the depths of the global financial crisis. the focus was on the