i am the project owner for ptc at csx. the chair tasked with achieving this across 60,000 miles of railroad. given the amtrak tragedy and remembering those impacted i receive there are four issues. why are most railroads unable to meet the ptc? why are a few able to make the ptc by a remainder isn't? what happens what happens if it is not passed? and what is going to happen forward? >> -- as one of the many railroaders working on ptc every day let me recount. i am responsible for ptc at csx and unfortunately it will not be completed by the deadline. this is not the result of lack of will or commitment. we have provided people funding and insured executive support and had hundreds of millions over budget. with these ingredients companies don't fail at delivering projects that are achievable from the outset. congress shares in this responsibility. the 2015 ptc was reached on agreement. they advocated for 2012 2014, and 2018. unresponsible stakeholders joined in. there were hundreds of pages of regulation regulations requirin

lonegro's testimony for csx. it's says that tasks are still monumental and csx has to do a complete air board survey of art tired 21000-mile network to make all i

and then to csx, how soon can you get it done in? >> at csx our plans call for us to be hardware installed many all of the wayside units all the obsolete signal replacement work that we are doing, all the locomotives equipped, all the technology hardware installed by the end of 2018 with full deployment by 2020. as i say that the i think it's important to know that by the end of 2018 we will have a significant portion of the system operable so it's not as if we get to 2020 would turn on the 11000 miles that we have under our ptc footprint. is a very methodical almost linear implementation pretty much from here on out. we will have about 500 most in place by the end of the which is about the size of the quarter and about the size of the metrolink deployment and then we get into the thousands of miles per year that rants us up through 2020. >> again, that seems like a long time and that's why i'm proposing to give the administrator, i don't think we should be giving people a blanket exemption until 2020 to some people are quoted in tak

csx says it's sound. they are putting in effort to improve the bridge but it under scores infrastructure investment. railway said hold them. infrastructure is not a part of the rules. >> i'm glad they say structurally intact. it looks a mess. >>> next putting the brakes on a system maybe argue will prevent the nightmare scenario of a multi-car crash. i talk to an ndser who argues it's not worth it. are costs standing in the way of your safety? old demons... >> i am really really nervous... >> lives hanging in the balance... >> it's make or break... i got past the class... >> hard earned pride... hard earned respect... hard earned future... a real look at the american dream hard earned only on al jazeera america >> from going pro, >> i never know that was really a possibility. >> to becoming president of the us tennis association. >> we're about getting rackets in children's hands... >> building the game... >> ...sky's the limit for growing tennis in america. >> and expanding access to play... >> at the en

csx says it's sound. they are putting in effort to improve the bridge, but it under scores infrastructure investment. railway said hold them. infrastructure is not a part of the rules. >> i'm glad they say structurally intact. it looks a mess. >>> next, putting the brakes on a system maybe argue will prevent the nightmare scenario of a multi-car crash. i talk to an ndser who argues it's not worth it. are costs standing in the way of your safety? >> al jazeera's investigative unit has tonight's exclusive report. >> from coast to coast. >> people selling fresh water for fracking. >> stories that have impact. >> we lost lives. >> that make a difference. >> senator, we were hoping we could ask you some questions about your legal problems. >> that open your world. >> it could be very dangerous. >> i hear gunshots. >> the bullet came right there through the window. >> it absolutely is a crisis. >> real reporting. >> this... is what we do. >> america tonight. tuesday through friday 10:00 eastern. only on al jaze

csx says it's sound. they are putting in effort to improve the bridge, but it under scores infrastructure investment. railway said hold them. infrastructure is not a part of the rules. >> i'm glad they say structurally intact. it looks a mess. >>> next, putting the brakes on a system maybe argue will prevent the nightmare scenario of a multi-car crash. i talk to an ndser who argues it's not worth it. are costs standing in the way of your safety? >> we've been driving for miles into what should be pristine rain forrest. >> devastated by gold mining... >> gold that may have come at the price of human rights, pristine forests and clean water. >> indigenous communities under threat. >> this not a peruvian problem this is a world problem. >> and the world wide campaign to clean up dirty gold. >> i really didn't want a symbol of love between me and my husband to be associated with such atrocities only on al jazeera america >> from going pro, >> i never know that was really a possibility. >> to becoming presiden

it said csx has to do a complete airborne imaging survey of our network. all assets have to be mapped within 7 feet of their precise location, the installation of wayside units and signals need to be placed along the track they have to equip locomotives and add employees. these tasks are monumental and that's being conservative. tell me about the safety so far. >> we've been an industry leader in the last two or three years and the whole industry, if you go back and look at the train accident statistics, has seen significant, 40 to 50% reductions in train accidents since the 2000 time. safety is a core value and it's the way of life and is the first core value that we have. it's very similar at every other railroad. every day we live and breathe safety. whether it's to improve the conditions, equipments or make things are in good order. the training that we do with our people, looks at how the train was handled to see if there were any anomalies and then we hold a coaching session. if they breach a red signal they are taken out of service and we are studyi

lonegro's testimony for csx. it's says that tasks are still monumental and csx has to do a complete air board survey of art tired 21000-mile network to make all i said map within seven feet of the 5202 wayside unit signals along 7500 miles of tracks in 1285 stations. equipping 3900 locomotives training 16,000 employees. i mean, these tasks are monumentally conservative when you say that. mr. lonegro, tell me about the safety record of csx. so far. >> we been an industry leader for the last two or three years and safety and the whole industry if you go back and look at the train accident statistics has seen significant 40% to 50% reduction in accidents since the 2000 time. safety is a core value in a way of life is the first core value we have and it's very similar to every other brown wrote. every day with that increase safety others to improve conditions in the track infrastructure, equipment side of the house, cars, locomotives and the human during training efforts we do. we have the technology that looks exact

two police officers got him out before the csx train hit. >>> 6:34. the search goes on for a gunman who opened fire at a west philadelphia block party. it happened saturday night at 41st and ogden an armed man and accomplice waited until it was dark to walk up to the party. they sprayed the crowd with petal hitting ten people including an 11 and 1-year-old and 12-year-old. >> we came to the door and we heard the shots we saw everybody running. >> police say the shotgun pellets used in the shooting are meant for hunters. investigators believe the shooting was in retaliation for a fight. >> the tragic and brutal killing of nine people in a historic black church has reignited an age old debate about the confederate flag calling for it to come down at the soldier's monument at the state capitol. one state senator said the flag should stay put in the name of south carolina historical. jeb bush and former candidate mitt romney called for the flag's remove from public sight and buildings. we'll have more on charities ton south carolina coming up on "good mor

. >> reporter: and csx transportation said the train was traveling from georgia to new york, fortunately nobody was injured, i did speak with the 76-year-old by phone. he had a tough time recalling what happened. he was trying to park his car he got back in the vehicle and that's when the freight train crashed into the suv. fortunately he was not injured he does need to get a new car but he is doing okay, live in newark delaware, chad perdelli channel 6 "action news." >> very lucky. >> that viewer video of the crash is at 6abc.com. you too can join the action and submit your photos and videos of breaking news. e-mail us at join the action at 6abc.com or use the #6abc action on social media. >>> another train accidents is under investigation in burlington county. a man was struck and killed around 6:20 on the new jersey transit river line in bordentown. 35 people were on the train. nobody was hurt. river line service was suspended between robling and bordentown. >>> turning to accuweather it's hot, but less humid. sky6 live hd taking live look at the jersey shore a lot of people out there

a train barrels into a car on the csx train tracks in newark late last night. the viewer took this video with a cell phone. just moments before this two police officers pulled a 76-year-old driver of that vehicle to safety. >>> looks like a jellyfish but it is much more dangerous. >> it's a portuguese man of war that washed ashore in harvey cedars. nbc 10 jersey shore bureau reporter ted greenberg has more. >> like right about here. >> reporter: it's not what harvey cedars beach patrol captain randy townsend usually sees on the beaches. a dangerous jellyfish-like creature called a portuguese man of war. >> definitely not typical. extremely rare for the area. >> reporter: townsend posted an alert on facebook urging swimmers to be aware of their surroundings after finding this man of war on the water line near the hudson avenue beach sunday morning. crystal guyer is taking the warning seriously. >> i feel like maybe i will just stay out of the water until we figure this out. >> reporter: portuguese man of war have tentacles that can grow from 10 to 30 feet long a

i like csx. carter, what do you think the dharts say on rails?ils are poor, the airlines are joining, the transports was the single best with the exception of biotech area over the two year period '13 '14 now it is a full-fledged reversal, we think the whole thing goes lower. i wouldn't buy it. >> i would say the rails should be doing better. if all the slack that exists that the fed is telling us about this in economy you would think that cyclical sectors like the rails would be doing better, the transports are not. i'm not a tou near wrist but i think there's something to this time for the final call. carter, first to you. >> well, xlu take some, buy come, get off. >> if you're inclined to be long google the way to do it is with call spreads. >> and dan. >> we are in a market where they're punishing disappointing that i am, i think intel sets up for that way into your july q 2 report. >> all right. looks like our time has expired, i'm sara eyesen, melissa lee back next week. next up, jim cramer, "fast money." >> male announcer: the following pr

i like csx. carter, what do you think the charts say on rails?e poor, the airlines are joining, the transports was the single best, with the exception of biotech area over a two-year period, 13, 14, and now it's a full-fledged bullish to bearish reversal. we think the whole thing goes lower, wouldn't buy them. >> in correction territory? >> i would say the rails should be doing better. if all the slack that existed the fed's telling us about in this economy you would think that very cyclical sectors like the rails would be doing better. the transports are not. i'm not a dow theorist but i think there's something to this. >> time for the final call. the last word from the options pits. carter, first to you. >> well, xlu, be contrarian, take some, buy some, get long. >> mike. >> if you're inclined to be long google the way to do it is with call spreads. >> and dan. >> we're in a market here where they're really punishing disappointing names. i think intel sets up that way into the july q2 report. i think you -- >> that's our time. i'm sara eisen. m

the heat is causing problems for some commuters out there because rail and csx issued heat-related speed rediction on the camden and the brunswick line for the remainder of the day. prepare for delays. leon: in other news, funeral services were held for three family members murdered in a northwest d.c. home last month. at this point one arrest has been made in the death of savvas savopoulos and his wife amy and their 10-year-old son phillip. rebecca cooper is in the northwest to look at how the family is being remembered. rebecca? rebecca: this massive church was filled to capacity. hundreds came here today. not only to by a their respect at the funeral but to show support for the two daughters left behind. they were at boarding school when the rest of their family was murdered. today they gathered to say goodbye. government business and the community leaders all came to pay respect to the family friends say gave so much back to the region. >> their accomplishments. they wanted to help people and make a difference in people's lives. rebecca: also here at the greek orthodox church so many

. >>> developing tonight a gruesome discover near the csx train tracks in darby borough. man walking along a trail found body this afternoon and called 91 weren't. police say he had been shot in the head. investigators are not releasing the victim's name but they do say they are talking to his family tonight. >>> a germantown avenue investigators are trying to figure out how a three month old died. skyfox over philadelphia's fair hill neighborhood tonight. police tell us the baby's parents found him in their apartment unresponsive. investigators are not releasing any other details. >>> on your radar we're getting hot. scott, you're tracking 99s this week. >> looking at a potential heat wave brewing for the latter part of the week, but right now it's still warm but it's not quite as humid. 79 degrees, humidity at 42%. so we'll look at the numbers right now. you can see that's the warm spot philadelphia the urban heat island with all of the concrete near 80 still but we're looking at upper 60s in millville. 70 right now in pottstown and look at the dew point. the measure of

police say the 76-year-old driver got stuck after mistakenly turning on to that gravel rail bed at the csx railroad. two officers rushed to get him out as the warning indicator arms came down they started flashing and signaled the train was coming. look at the aftermath. a car is destroyed. the train was able to stop. no one was injured here luckily. police say alcohol is not considered a factor in the collision and no charges have been filed against the driver at this time. police are still investigating. by the way, the two newark officers that saved the 76-year-old were working overtime and coming up at 5:00 we have video from inside that car plus a blow by blow of that daring rescue. keith jones, nbc 10 news. >> thank you, keith. >>> police are using social media and money to reach out to people hoping for new leads in a two-year-old cold case. carol reese was reported missing in 2013 from her home at the lakeview apartments in gloucester township. family say they last heard from her the night before. her body was later found near the apartment complex. gloucester county police and the

carlisle where main street conjures images of a bygone era, and except for the daily passing of the csx freight line, this one-light town might be all but forgotten. just a couple miles down u.s. 41, however, is evidence that carlisle is anything but forgotten. >> it's 2 1/2 hours away from everywhere. it's just the middle of nowhere. what goes on out here? prison. that's what goes on out here. >> surrounded by little else but big skies, the wabash valley correctional facility houses more than 2,000 convicted felons, including some of the highest security prisoners in the state. it is a fortress among farms. >> we have a total of seven towers blanketing the entire facility, including one tower that's in the center of our south yard. we've got the two sets of fences all the way around the facility. the inner fence is a stun fence, it's a nonlethal stun fence. the outside fence another 14-foot fence covered with razor ribbon. shaker alarm on the motion detector. motion detector in between the fences. we think our perimeter is very, very secure for us. >> security is tight inside the perim

the city of baltimore and csx are splitting the $13 million cost to repair the wall and the street.e who live in the 19 homes on that street are asking the city to compensate them for the year of heavy construction on their block. >>> thousands lined up outside the delaware statehouse today to say farewell to beau biden. >> vice president joe biden's son laid in honor in the senate chamber today. nbc's tim furlong was there for the service and has our story. >> reporter: at legislative hall, the bidens including beau's wife halle and her kids hunter and natalie were greeted by the head of the national guard. they also saw the former attorney general's top deputies as thousands lined up to pay their respects. beau's casket was brought into the senate chamber where the governor spoke on behalf of their state. >> he cared deeply about the people of delaware. he wanted to make their world better and he did. >> reporter: the vice president usually so upbeat and enthusiastic spent much the time with his han staring at the floor. >> you never are supposed to bury your own children, youne a

csx trying to get up there., nasdaq down .5%. >>> the new economy shares offices, living space, cars you guys are sharing everything these days. that train is not lost on ford which is about to enter the sharing marketplace. >>> meanwhile, less about sharing at general motors as it is chased by fiat chrysler these days. the tale of two auto giants and what could drive their stock prices higher when we come back on "closing bell." automotive innovation starts... right here. with a control pad that can read your handwriting, a wide-screen multimedia center, and a head-up display for enhanced driver focus. all inside a redesigned cabin of unrivaled style and comfort. the 2015 c-class. at the very touchpoint of performance and innovation. in the us, three in ten college students drop out. but how can you spot who's at risk? the one who lives far from campus? the one who works the night shift? the one with new responsibilities? one thing can't tell you, but the right combination can. universities are using ibm analyt

ksu, csx, a lot of them going through pricing issues had issue issues going on with commodity prices. they are starting to bottom. the valuations are interesting and back to the nasdaq look when you have volatility and we will have more coming, you go to high quality and in the nasdaq, this are valuations and high-quality names that give people comfort. it's intel and microsoft and cisco, these are names. >> couple other things with the nasdaq and the reason why i went to do highs is one they are exposed to the global economy and to a strong dollar. if we are indeed going to get a weak and/or sideways dollar very good for those guys. not only that they also a lot of them have descent dividend yields so one thing i did was bought microsoft. exposed to the world, would do well on a weaker dollar. for me, that's the trade you do. that's why i think people were piling into the nasdaq. >> guy talked about the s&p going high. what it needs, since it's so large cap heavy, you need a weaker dollar to go forward. we saw in oracle you talk about the s&p and iwm, you can see that out performance

csx, we talked about the airlines.ific issue of the creep of capacity. a couple of analysts saying it's time to go back in there and pick a couple up. rhetoric we are talking about tonight is everybody seems like the panel is reasonably constructive on where the u.s. economy is. if you get the back drop of greece getting another band-aid the industrials look good. also the financials. a lot of the market is still somewhat underweight even though we are probably at sector weighting high since 2009. >> let's get the latest on greece. new hopes for a debt deal finally. michelle caruso-cabrera staying light for us in athens. >> there are hopes for a deal. it's not a done deal. we are closer than we've been. the greeks sent in a proposal late last night. it wasn't completely discarded like we have seen previously. we started to see details leak out about what's in it. we are going to find people have to pay higher taxes, have to contribute more when it comes to pensions, and a lot of people aren't going to be able to retire

csx is the biggest winner. that's up 3% right now. analysts say despite weak fundamentals, these stocks are getting a bounce after being oversold. the exception -- genesee and wyoming after cutting second quarter guidance on weakness cold, crude and agriculture volumes. the company won't provide and update for full year guidance until its q2 earnings call in august. >>> pafafter a lackluster first quarter, retailers are gearing up for the second half of the year. that also means the countdown to christmas, believe it or not. second half retail winners and losers coming your way next. financial noise financial noise financial noise financial noise >>> all right, folks. coming up now tomorrow on "squawk box," the showdown over president obama's trade agenda ahead of the big vote the house ways and means committee chairman paul ryan will join joe, becky and andrew at 8:15. dominic chu has replaced morgan brennan as the "market flash" person. >> not quite as pretty as morgan is but i will try to fill in as best i can. great day for cloud

also rails like kansas city southern and csx as well.back over to you. >>> cnbc profiled some of the country's most dynamic businesses at the iconic conference in los angeles this week. let's get back to julia boorstin who is in los angeles. >> reporter: that's right. advice was shared to entrepreneurs in the key to unlikely successes, including maker studios which the two los angeles based companies say they see huge value being based outside silicon valley. >> even in a communication era, some of the greatest companies through history have been built in washington, d.c. they've been built in denver, they they've been built all over the world. so we think that the next 20 to 25 years is going to be the rise of other cities. >> cautioning entrepreneurs only to start companies where they have particular expertise and only if they're so passionate about it they can't imagine not starting it. they also cautioned that most companies should not raise venture capital. we'll have more from the last stop on the 2015 tour on november 11th in wash

that's to improve service and in light of all of this you've seen csx has lost 6.5% this year.and union pacific all down by double digit percentages. still, all of this has analysts continuing to cut estimates as we head into second quarter earnings season. but citi group's chris weatherby says this could be the worst of it. therefore rail stocks are likely to stabilize in the second half of the year. even if that's the case, we've got a rocky road to go here as the volumes continue to be weaker than expected. >>> disney raising its dividend to 66 cents per share. according to your next guest, the company is trying to play catch-up to time warner who pays every single quarter. anthony clemente joins us now. anthony, it's nice. it's a good move by disney. they're also going to pay out twice a year instead of once. is it a reason alone to buy the stock? or is it just gravy? >> i think it goes to the powerful point that disney has been committed to returning capital to shareholders over time. so if you look at the way disney has grown its dividend the growth rate of over 20% over

indiana, the bridge over the c csx railroad. iowa the centennial bridge. kentucky another one the brent spence bridge. louisiana, another bridge there, maine i have -- i have to say this right -- piscataqua river bridge. maryland, chesapeake bay bridge. massachusetts, the i-95 bridge in middlesex. michigan the i-75 rouge river bridge. remember if you're hearing my voice and you're hearing your state mentioned give a call to your senator and ask him or her whether they're a democrat or republican what they're doing about the highway trust fund because in 51 days it goes bust okay? in minnesota did i mention that? the i-35 east bridge over pennsylvania avenue. in mississippi the vicksburg bridge. in missouri, the east bridge over conway road. in nevada, the virginia street bridge in reno. in new hampshire, the i-293 brimming in whose borough. in funeral, the garden state parkway in union county. in new mexico, main street bridge. in new york, the brooklyn bridge. the brooklyn bridge. if you didn't read the book "the brooklyn bridge" you should read it by dav