this happened on the northbound csx tracks as they crossed sunny side avenue. as you said, it's north of that greenbelt rail yard. we don't know the identity of the victim or how that person came to be on the tracks. we do know the train was 57 cars lodge and two locomotives. it was going between tampa and new york carrying food products. just about a half hour ago they reopened this railroad crossing and we have seen traffic going through here. the good thing is there are two lines through here. i talked to a csx official who said ideally the mark trains can use one of the alternate tracks here. we believe it's a train involved in this. we have seen train traffic come through here. we don't know what that means

. >> he takes over united after running operations for csx. given his back ground, they are cautiously optimistic munoz can lift profitability and performance to match the top competitors. "nightly business report," chicago. >>> how pervasive are trading favors in the business world? john singer is a partner at the law firm and he joins us now. we don't know all the details between what transpired between them. but one can well imagine that favors, whether they're asking for or forgiven. where is the line, with acceptable business practices and what crosses the line? >> well, i think in this case you're dealing with a public entity. the port authority is controlled by new york and new jersey, by quoemo and by christie. so you're dealing with taxpayer funds. in this case, it was a pretty cavalier and brazen quid pro quo in that there were these private flights to south carolina from newark that did not exist previously and then all of a sudden, within a few days consequent to the port authority leaving that flight was curtailed. then of course,

this happened on the northbound csx tracks as they crossed sunny side avenue. as you said, it's north of that greenbelt rail yard. we don't know the identity of the victim or how that person came to be on the tracks. we do know the train was 57 cars lodge and two locomotives. it was going between tampa and new york carrying food products. just about a half hour ago they reopened this railroad crossing and we have seen traffic going through here. the good thing is there are two lines through here. i talked to a csx official who said ideally the mark trains can use one of the alternate tracks here. we believe it's a train involved in this. we have seen train traffic come through here. we don't know what that means for delays. as you said, melissa mollet will be able to tell you more about that later. right now we're live. >> thank you, derrick. >>> right now we're waking up to cool temperatures and rain on the way. >> chuck bell with a first look at your forecast. good morning. >> good morning, aaron and eun. cloudy and cooler than we've been in quite some time.

we have the activity with the pedestrian and the csx train. if lanes are blcked off. northbound they are blocked off. in the teens. 50, good news. the brush fire that we had that was tying up 50 westbound in the city is gone. we are mostly in the green, which is nice. 22 miles per hour for you. heading outbound on 295. issue for us on 295, d.c. 295. working your way -- i should say i-295 working your way out of the city. 9 miles per hour. very heavy approaching an accident before the capital beltway. the lane blocked it will take 30 minutes to get from the 11th street bridge to the beltway. it's rough right now. we have 95 bumper to bumper. in the teens to dell city. that will take under 30 minutes. there are no problems 66 and 395. a few nice spots. that's it. back to you. doug: the weather is spectacular. it's in the mid-to-the upper 70's. only a couple of degrees below average. it is going to stay beautiful. the sunset tonight and crystal clear skies overnight. give you an idea how the temperatures will go overnight. after the sunset we will drop to the 60's. by mi

csx, which operates the rail network, says there is increased idling due to an uptick in business. they attempt to minimize idling and hold trains in places with the least impact, they say. meg baker, cbs 2 news. >> it's hoped an expansion project will relieve the problem. idling trains will be the main problems at teaneck's town council meeting tonight. >>> fellow lawmakers are now taking aim at mayor de blasio's new york. governor chris christie and former mayor rudy giuliani both slammed de blasio's ability to fight crime and homelessness. cbs 2 political reporter marcia kramer with more. >> we have had the safest summer in over 20 years. >> reporter: maybe mayor de blasio should fire his scheduler. up next after the mayor and his wife on a morning cable show was someone who wasn't buying the mayor's act at all! >> i'm just stunned as are most people who live in this area that this has been the safest summer in new york! no one else believes that except for the two people who were just on your set. i guarantee you this. this guy don't believe it. >> reporter: new jersey governor

csx has notified mark train that there is police activity still there with boyd's and because of thisent all brunswick line trains are being held at the germantown station. severe delays are to be expected. >>> one of thousands of comments described it as a beautiful display of what women give to their country and their families. it's a photo of ten military moms in uniform going viral on facebook. more than 9,000 people have shared this moment. it shows the soldiers breast-feeding their babies at fort bliss in texas. this was last week. the photographer took it to display in a room at fort bliss that was created for active duty moms so they can pump and breast-feed. >>> the massive migrant crisis is growing more and more tense tonight. our nbc news nightly anchor, lester holt is on the ground in hungary this week. he shows us what's happening with people trying to get somewhere safe. >>> i'm tom sherwood in potomac, maryland. it's her winning video about the pope's visit next week that she really wants to talk abou >>> razor wire fences, troops on the borders, tough new security meas

that phil mentioned this, is that you have this guy oscar munoz, who as chief operating officer of csx was able to slide right in off the board. they didn't even create it apparently as an interim position, which meant that the board must have had some misgivings for a while to close off this situation in the transaction of both companies at csx and also at united airlines. so a lot of times you see where there's growing discontent with a ceo, i don't know, just thinking of a bp to radio shack at times when there's some catalytic event. it gives the board an excuse to do something they were of a mind to do anyway. >> and karen makes the point that if people were unhappy with the ceo the silver lining is that there's a new guy in town now and things could actually turn around. at the same time did the board miss an opportunity by not saying we're going to have an interim ceo and we're going to do a ceo search because we want to find the best guy out there? >> i don't see the reason for -- i agree with you. i don't see the reason is it had to go into panic mode and install somebody. alth

along that proposed route with the other members of the delegation, with amtrak president boardman and csx ceo to asez the line. are you willing to join us on that ride if we can work out convenient date? >> look forward to it. >> wonderful. thank you. i look forward to working with you on that and wish you the best. thank you for your service. senator klobuchar i believe is next. >> thank you very much, senator wicker. ms. feinberg, congratulations. any friend of mention manchin is a friend of ours so first i want to just talk to you about the blocked crossings issue. as i travel across minnesota, i hear from people all over the state who have spent an excessive amount of time, sometimes hours stuck waiting at a blocked rail crossing. blocked rail crossings not only inconvenience drivers but delay emergency vehicles, in july i was in minnesota which is on the canadian border, it's a major crossing and very small town. their rail crossing blockings 6 to 8 hours a day in the town. so in the drive act, we actually put a provision in there to direct the secretary of transportation to develop

railroads have spent billions of dollars working through these challenges, csx testified at a commerce committee hearing in january that the freight railroad industry has spent over $5 million of private finish in pct deployment and they expect to spend at least $9 billion to make ptc fully operational nationwide. the reality is that if only a few railroads could not meet the deadline, we could perhaps conclude there is an issue with those railroads. but if nearly every railroad in the country will not meet the deadline we need to acknowledge there is an issue with the deadline. congress has a responsibility to fix the issue. that's why legislative action is needed to extend the deadline and provide operating authority for railroads that have not completed pct implementation while still motivating compliance and enhancing safety. the surface transportation reauthorization bill which passed the senate by a vote of 65-34 includes a bipartisan proposal to extend the ptc deadline on a case-by-case basis with enforceable milestones and metrics and sets common sense safety requirements such

it's up to csx to decide that. >> what's interesting about csx is they had an interesting announcementouple days. the heir apparent of the company went kind of left. so it's not clear they have actually the leadership to rub the company. something to speak of to hunter. my colleague who found hunter, reached him at his horse farm and spent a few hours on the phone with him and a few hours paul told me five minutes after the call i think we found someone that knows something about railroading. you know, this is a business. unfortunately there are -- you know, if you're running an industrial company, probably 50 ex. ge people who could run that business. railroading is a very specific business where long-term experience is helpful. and there aren't as many jack welchs. forget jack welch. there are very few people who can run a large railroad. it requires a lot of skills and experience. hunter starting squirting grease into the wheels. that's where he began his career at age 16, 17, something like that? >> yeah. >> so 50-plus years in the business. when did keith start working with hunter

he was the former coo of csx. large rail company and he is going to be focused on improving the operation at united. they have had problems over the last three years since united and continental got together. here's oscar munoz yesterday talking about his focus now that he is running united. >> we intend to maintain cost discipline and allocating capital to share owners. united has tremendous potential and i look forward to leading this team to becoming the topper forming airline. >> take a look at shares of united versus american and delta over the last couple of years one thing to keep in mind is the elevation of oscar munoz to ceo was so sudden that they have yet to announce what his pay package will be at united airlines and with regard to the severence package. there's something saying he has to pay back the $4.8 million. no more free flights for life and a couple of other things that are start of the package. so it remains to be seen what he will get once it's all said and done because this probe is on going

not far behind me we've got a csx train going through right now. everyone is encouraged to take public transportation, but it's still going to be requiring a lot of strategy and planning because anyway y way you look a this, the pope's visit will impact the get-around in this city. lots of roads closed. tell troh and rail making adjustments for september 23rd, including at times making this station exit-only and entrance-only. one early morning rider tapped me on the shoulder to note the limited number of escalators at this brookland station, one that goes up, one that usually goes down. and that cob be a little tricky as well for passengers coming in. we will learn more later today from these critical city agencies, ddot and metro about the plan to make sure all of this works smoothly and safely. that's the latest from the brookland station. >> thank you, molette. >>> chairman michael mccaul chairs the homeland committee. he said classified meeting brought up concerns in connection with the pope's u.s. visit. >> the pope is a very -- i'm catholic,

a csx train hit the employee near the greenbelt station. marc trains use those same tracks. the train that hit this employee was not a passenger train. >>> the controversial and costly silver spring transit center is now officially open for business. the transit hub opened yesterday. today's rush hours, though, were the first true test. this morning some people ran the bus stops as we caught up with them. others were running in circles trying to find the right bay. metro, ride-on, and other shuttle buses now come under a two-level concrete roof. there are also taxicabs and connections to metro and marc rail stations. the early reviews are in, and they're mixed. >> i mean, we didn't know about this. like everything has changed. it's really crazy. >> we've been watching it almost seven years. we're excited to have it open. >> she's happy. a lot of people were too. there were staffers in bright neon invesvests to help you gete you need to go. >>> along with pope francis's visit, there are a number of big events happening this week, for a long and complicated couple of days. >>

fuel and no direct impact to the environment and there are no storm drains that have been affected and csxhas personnel and they're going to take care of it to remediate the situation. >> everyone here says this accident could have been much, much worse. >> vre says they are expecting here. in southwest, mark segraves, news 4. >>> coming up in sports, pot roast and his teammates ready to face the giants tonight. we're hoping that the guys on the giants team will call him >>> this is the xfinity sportsdesk brought to you by xfinity, your home for the most live sports. >>> jason is here no matter what the record is whenever these two teams meet and it's about twice every year. we have not done well against him for quite some time. >> especially there in new york the last time they won against the giants and tonight is the night when the redskins can establish themselves as true contenders in the nfc east and a win against the giants and the skins will have nine days to rest up for the winless eagles, but first thing's first, new york is a team desperate for a victory and the skins are desper

csx testified at a commerce committee hearing in january that the freight railroad industry has spent money on private funds and they expect to spend at least $9 billion to make ptc fully operational nightwide. the reality is that if only a few railroads could not meet the deadline, perhaps we could conclude there is an issue with those railroads. but if nearly every railroad in the country will not meet the deadline, we need to acknowledge that there is an issue with the deadline. congress has a responsibility to fix the issue. that's why legislative action is needed to extend the deadline and provide operating authority for railroads that have not completed the imp lemation. the service transportation reauthorization bill includes a bipartisan proeposal. it sets common sense safety requirements such as cam cameras and speed limit action plans for passenger trains while it's being implemented. the 2013 to 2015 rail service problems will look small in comparison. that's why i sent letters to the service transportation railroad and all commuter railroads inquiring about the affects of

our undercover camera saw it happening frequently near route 1 in beltsville, maryland, and near csx tracks in college park. just search i-team train tracks on the nbc washington app and see that full investigation. >>> wendy, family and friends of a young woman in virginia are in mourning tonight after an apparent drunk driving crash. northern virginia bureau chief reports that car that hit her may have been carrying two drunk drivers. >> it was a very, very horrific scene. >> reporter: a horrific scene just steps from her front door. this is what vanessa lawrence and her family found around 5:00 p.m. sunday as they returned from church. >> as i pulled in my carport, i heard a loud bang like a bomb going off. >> reporter: investigators saw this volvo had been racing down brock road, a drunk driver behind the wheel when it crossed the center line. it hit the car driven by 25-year-old samantha sumpter. rescuers cut her out of her çinup'essa and her daughter to the men in the volvo help was coming. >> i came out and saw the guy's leg hanging out and we started praying. >> reporter: th

organizations worked with consumer finance, he was in the transportation business which led to the csxoad. i don't see he has person to person experience, but has good solid experience running a large, heavily unionized transportation company and people i talked to in the industry never has anything bad to say about him and i've heard good things as well. >> brown: scott mayerowitz, you cover the industry. you hear about him. what do you think is the biggest challenge for united now? >> the biggest challenge is to lure its passengers back. if you look at delta, for instance, they are boasting ability having the best on-time performance in the industry of the big three airlines, and united has been lagging behind there. many of the frequent flyers who spend tens of thousands of dollars of year with the airline, they need to come down and stop having these computer outages, have flights on time and have flight attendants and gate agents who are happy and interact with challengers. this will be a big challenge for them coming in. but as george said, he is big in transportation and the air

. >> caller: csx, buy or -- hold or -- >> it's got -- i'm not buying anything that relies on coal toe their numbers. omar in new york. omar? >> caller: hey, jim, booyah, what's going on? thanks for taking my call. ticker trv, travelers insurance. >> travelers is incredibly well run, it buys back stock, it's not exciting, i don't need excitement, i like it. how about we go to athena in illinois? athena? carle kbee>> caller: booyah cra >> booyah. >> caller: my stock is medtronic. >> i love the fact that the tax doom'll changed. they have not missed a quarter in a long time. let's go to jim in arkansas. jim. >> caller: hello, booyah! >> booyah, jim! >> i need to know with the new ceo of j.c. penney what to buy. >> i like the new ceo of j.c. penney, the stock has been up a lot. let's wait until it gets to eight bucks and pull the trigger. it's that tough a market. that, ladies and gentlemen, is the cop collusion of the lightning round! me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that

union pacific is the name i like on the rails but i also like csx. >> a big biopharma, big drug stocker, pfe. stock got down to $33, $35, then turned and burned to the up side. somebody stepped in and bought like 11,000 calls at the november 34 strike. then they added to it. ript now it is pushing towards 14,000 of these calls. i bought it. i bought stock and options. i think it goes higher. down about 7% over the last month. >> what's your holding period? >> since these are november i'd say could be up to a month. >> playing it like buffett. huh? >> exactly. >> winding down on this show and of course on the trading week, how should we be thinking about what arguably is the most important fed meeting at least in six years? >> of our lifetime, scott. >> feels like it. >> it's the game of the century which we have every year. >> look. obviously we have to pay attention to it but honestly i think we're supposed to look through it. i'm starting to look through it. they'll do whatever they're going to do. what i'm more focused on is when is the damage done in china. i'm going to take a sta

at chief operating officer csx. this raises all kinds of the questions about leadership strategies. and whether backroom deals like this or the ones alleged to have taken place in the politically sensitive as miss of air transportation. george hamilton is president of hamilton consulting. george, i think the simplest place to start is, what went through your mind when you saw jeff was being forced out of united? george: why. when i learned the reasons behind it, i said, that is a place we do not want to be in. erik: nobody wants to know ceo and no employee of any company. i am assuming you heard a little bit, at least, of what was alleged to have taken place between united, the port authority of new jersey, and the former chairman. in your experience, is this enough to warrant effectively the ceo? it all amounts to the same ring. i did not know a thing about this until i read the account that came out starting yesterday afternoon like most other people did. to, are youown involved in commercial bribery. it sounds like united's board wants to be as far apart from that as they could p

the investigation, that could be under threat informal we'll talk to thrill later, but the new ceo of csxe big railroad company speaking yesterday to investors saying that he needs to make united great again. they stumbled before. it's not just this integration. interestingly, mu noz has a decade of cf x cfo. they were down yesterday, but this comes out of the investigation of the george washington bridge closure, and the investigation into the port authority and mr. sampson, who you mentioned earlier, the chairman at the time, unexpected route for it to have taken. two others losing their jobs as well. >> dave and buster, not a big cap name but recently public. $0.40 beat by $0.17. they raised their guidance. comps were constructive. that's going to be a record high on one of the best stock symbols out there which is play. >> same-store sales were 11%. they have 77 stores in the u.s. and canada. they're growing that footprint by 10% a year. 17% higher revenue from food and beverage. i was sitting here with yahoo's mike santelli. he said this is the new chuck e cheese. i did not realize.

jetblue, avis and csx pushing transportation stocks higher.ch those transportation stocks as perhaps a leading indicator for parts of the overall market. >> thank you very much. dominic chu. that's it for the very first hour of "power." a second hour of "power," even more pour potentially coming up. >> or could be dramatically weaker. have an awesome weekend. >>> it is close to 2:00 on wall street, just about 1:00 in midland, texas. hello, everybody. i'm still brian sullivan. melissa lee is at the nasdaq. thanks for joining us on this 9/11 remembrance day. the dow is up about 14 points right now. the goldman sachs today suggests that oil could fall to perhaps as far as it the $20 a barrel range. oil has not been at those levels since all the way back to 2002. the man whose team wrote that note, jeff currie, is your exclusive guest in a few minutes. even if the worst case scenario doesn't happen and oil maybe falls just a couple bucks, financials could be in serious financial trail which could lead to more deals as big money comes in to snatch

he takes over, prior to this, he was the president and coo of csx the rail giant.s been on the board since 2010 and to continental board before that. yesterday, after his elevation to the ceo job, he talked with analysts about one of his top priorities, which is focusing on customer service. >> my job is to stop all this conversation, concern and worry and lack of stability or concern about the future. and that only happens by direct and personal outreach. and that's where i'm going to spend a lot of my first 90 days. >> the focus on the customer is going to be a big part of what oscar munoz is trying to repair at united airlines. yes, the shares moved higher at the end of the day, kelly, but only fractionally higher. i've talked with a number of analysts and a few other people within the airline industry and almost everybody said the same thing. we don't know a whole lot about oscar munoz, but let's see if he can affect change at united. this is a company that operationally and on the profit side could be doing much better relative to its peers. and that's going t

proposed route with the other members of the delegation, which amtrak president boardman and ceo -- csx ceo ward and others to assess the line. are going to join us on that right if we can work out -- >> absolutely. look forward to it. >> wonderful. and i look forward to working with you on that. thank you for your service. senator klobuchar i believe this next. >> thank you very much, senator wicker. ms. feinberg, congratulations. any friend of senator manchin is a friend of ours. so first i wanted to talk to you about a block crossing issues. as i travel across minnesota i hear from people all over the state who has spent an excessive amount of time, sometimes hours struggling at it blocked rail crossing. block rail crossings not only inconvenience drivers but they delayed emergency vehicles. angela i was on the canadian border, major crossing but a very small town. their rail crossing blocking is six to eight hours a day in the town. so in the drive act, we put a provision in their contractor sector of the transportation to develop highway rail crossing action plans including tools a

. >> china has been a tough place to make money, caterpillar, deer, csx are some examples of industrial focused companies that are underperforming due in part to the slow down in the chinese economy, but some companies with china exposure are doing well. nike's blow out results from last night getting investors attention, sports retailers seeing a 30% rise in china sales, much higher than what wall street was expecting. oppenheimer says this is a great example of how china is a bifurcated story. you can make money in companies that have exposure to the country, you just have to find the ones that are focused more on the consumer. if you're bet that go china will transition from an exports dependent economy to one that is consumption led, oppenheimer points to a few names that can win in china in addition to nike, analysts there say take a look at apple which makes 24% of its revenue there, intel, starbucks and yum. keep in mind, though, still a lot of uncertainty around how long the slow down in china's skme will last. another factor to consider is whether the central bank conditions te

a similar story forrers are, csx, northern southern, kansas city less crude, less fracti, less steelcoal as cheap nat gas has hurt demand. brian? >> morgan brennan, thank you very much. >>> speaking of oil and those transport, a check on oil because yesterday, we dropped more than 8%. this coming off of a nearly record breaking three-day rally. crude oil weakening from yesterday. selling continue, 44.79. brent below 50 at 49.29, down one half of 1%. if you missed it, earlier on "squawk box", steven shork shared his thoughts on the recent oil swings. >> certainly, at this point, oil at around $40 a barrel is disconnected from reality so there is no economic line to lean against. so we are all trading on psychological numbers right now we broke 40, taken out that psychological barrier. the next bar jer the 32.40 low we saw during the depths of the great recession. >> the vice president of financial service attism hs energy joining us now, rose say dejuan. mid-30s, high 30s, flu that camp or see prices going higher from here? >> i think prices are looking for a new band to trade n i thi

railroads have spent billions of dollars working through these challenges, csx testified at a commercemmittee hearing in january that the freight railroad industry has spent over $5 million of private finish in pct deployment and they expect to spend at least $9 billion to make ptc fully operational nationwide. the reality is that if only a few railroads could not meet the deadline, we could perhaps conclude there is an issue with those railroads. but if nearly every railroad in the country will not meet the deadline we need to acknowledge there is an issue with the deadline. congress has a responsibility to fix the issue. that's why legislative action is needed to extend the deadline and provide operating authority for railroads that have not completed pct implementation while still motivating compliance and enhancing safety. the surface transportation reauthorization bill which passed the senate by a vote of 65-34 includes a bipartisan proposal to extend the ptc deadline on a case-by-case basis with enforceable milestones and metrics and sets common sense safety requirements such as