i work for csx full time." so when this railroad museum went up for auction 3 years ago, he had, to bid. (kevin oliver, choo choo ollie's) "i wanted to save the museum since i'm a aative of inceton" taking h h hobby to a whole ne level. (kevin oliver, choo choo ollie's) "i had to totally remodel this building from the floor to the ceiling" he made just about everything in this place, but this project, packed with train memorabilia, didn't come easy (kevin oliver, choo choo ollie's) "he had to put this up like three times where the train goes aroundd because it kkpt derriling on every corner." kevin's mother patsy says the effort, and cost overwhelmed him this time last year. so for christmas, she gave him this as a symbol for what his restaurant could become. (patsy oliver, kevin's mother) "this is just such a vision of what its the fantasy that this will be for children when they come in." a place to eat and have fun- that the town's mayor hopes will have people hopping on board. (danny beavers, princeton mayo

i work for csx full time." so when this railroad museum went up for auction 3 years ago, he had, to bid. (sot: kevin oliver, choo choo ollie's) "i wanted to save the museum (sot: kevin oliver, choo building from the floor to the ceiling" he made just about everything in this place, but choo choo ollie's) "he had to put this up like three kevin's mother patsy says the effort, and cost gave him this as a symbol for what his restaurant could become. (sot: patsy oliver, kevin's mother) "this is just such a vision of what its the fantasy that this will be for children when they come in." a place to eat and have fun- that the town's mayor hopes will have people hopping on board. (sot: danny beavers, princeton mayor) "he's going to draw people here and then they'll visit we hope attractions that we have" built from an idea that may become a first class attraction. oliver hopes to eventually expand and add a moving train attraction for children to enjoy outside the restaurant. coming up next...possibly one of the bigge

. >>> well, csx cuts the enings outlook. that's where ewe begin "market focus." they expect profits to grow, but not as much as originally estimated. this is as coal volumes fall faster than expected and cheap natural gas prices exasperate that. shares tumbled to $27.53. >>> the hunting and fishing store chain cabela's says it's weighing strategic alternatives. this could mean a sale or breakup of the company because of declining sales. the announcement comes more than a month after the hedge fund elliott management disclosed it has a stake in cabela's. shares rose 2% to $47.89. >>> round foreman reported results that missed estimates. the maker of jack daniel's, among other spirits, said the strong dollar invigorated competition weighed on its results. shares off nearly 2% to $102.06. and zafgen saw shares tumble after a patient died in an experimental trial of its obesity treatment, suffering a blockage in an artery. shares of the small cap company fell 60% to $6.28. >>> and on-deck capital was higher on news it has partnered up with jpmorgan chase. the big ban

csx says the earnings-per-share growth will be at about 3%.idst --ower than the mid single-digit growth. a slowdown in the domestic coal. this has been an issue dogging these types of companies to become a says domestic coal movements will be down more than expected in the fourth quarter. moving 30 million tons of exported coal for the full year. others are also falling. making similar comments saying the december volume will follow the pattern and because of that, fourth-quarter numbers will miss the utility of forecasts it had given by one million to 2 million tons. one of the reactions to the warmer than seasonal weather for this time of year has been that there is less demand for not only things like natural gas but coal as well. you are seeing a lot of the railroads today. on the flipside, airline stocks are hired today, being led higher in part i dealt up. the company coming out with its november passenger revenue. for the firsttive time since november of last year. first monthly numbers released since the terrorist attacks in paris. abo

csx is down -- out with some commentary saying it will be up .3% because of coal shipments.ulie you so hyman at the markets desk. we want to give you some breaking news out of result. the economy there has been in turmoil. brazil is nowof facing impeachment proceedings in congress according to the lower house speaker. this process is going to take a wild but she is facing impeachment proceedings in congress in brazil. that is it for bloomberg markets. ♪ scarlet: we are moments away from the closing bell. alix: i'm alix steel. joe weisenthal is off today. [closing bell ringing] scarlet: yellen's speech tipping her hand to a rate hike sooner rather than later. mario draghi expected to announce additional stimulus. that decision comes tomorrow. alix: and how things are looking in a private equity sector. we're going to talk to a fund manager at kkr about being a woman in finance. , we are of course following the breaking news out of san bernardino, california. let's go to mark crumpton for the latest. mark: the associated press is reporting that the president and ceo of the sou

i work for csx full time." so when this railroad museummwent up forrauction 3 years ago, he had, to bid. (sot: kevin oliver, choo choo ollie's) "i wanted to save the museum since i'm a native of princeton" taking his hobby to a whole new level. (sot: kevin oliver, choo choo ollie's) "i had to totally remodel this building from the floor to the ceceing" he maa just about everything in this place, but this project, packed with train memorabilia, didn't come easy (sot: kevin oliver, choo choo ollie's "he had toout this up like overwhelmed him this time last year. so for christmas, she gave him this as a symbol for what his restaurant could become. (sot: patsy oliver, will be for children when they a place to eat and have built from an idea that may become a first class attraction. oliver hopes to eventually expand and add a moving train attraction for children to enjoy outside the restaurant. coming u u on today in iowa... a picture of a couple in their 90s has everyone talking. that's coming up. plus, a furry fri

we heard what csx said. people sell that etf and the stocks get taken down m a commensurate move. that's part of what goes on. >> there is a massive secular shift towards e-commerce. on black friday there were more shopping sales done online. that's one of the reasons why you have to separate these two stocks from the rest of the transports. i think that fedex is much cheaper than ups. >>> still ahead, crude prices surging up. who could be the big winners and losers. i'm melissa lee and you're watching "fast money" on cnbc, first in business worldwide. >>> biotech is doing something it hasn't done since 2008. and that could spell serious trouble for the nasdaq. we'll tell you what it is and how to trade it. >> plus, the field of streams keeps growing. youtube looking to launch a tv and movie streaming service. taking direct aim at netflix, amazon and hulu. could the competition be good for netflix shares? all that and more ahead on "fast." important than your health. or the freedom to choose what doctor you want to see. so if you have medicare parts a and b, consider an aarp medic

csx, the railroads one of the worst performing sectors on the year, csx is up about 4%. most of the railroads have been on the upside recently. another interesting group are utilities, they are the beaten up group that there should be some picking at at this point. here is pg and e cooperation up fractionally. sitting at 52-week lows but the fact that a down market like this you have stocks that are relatively stable, that's at least encouraging. let's take a look at the three things that are moving the markets and bothering them the most, number one is oil weakness. i think of equal importance is the risk reduction that we are seeing ahead of the fed as we take down the bigger sectors, the sectors that are more cyclical in nature like materials and energy stocks. finally the credit concerns that are out there, the credit concerns in the bond market particularly in the high yield market. bottom line is the federal reserve a bit of a mill stone around the market's neck and we've got to get back that big event next week. back to you. >> bob, i don't mean to call you old bu

. >> carl, here what we're watching right now are shares of rail operator csx which is are now droppingcan you see the intraday chart down by 2.5%. ? just the last few moments here, the company has yumted its full year earnings per share guidance and now expects about 3% growth. they say they've seen the coal shipments fall off further than anticipated. a drop-off in coal shipments leads to a revised guidance lower, and those shares taking a hit, carl, in the trade as well. back over to you. >> tom, thank you very much. zishgts another shot fired in the war of words over streaming music. pandora's ceo with choice words for the competition. when we come back. >> he says "if consumers can legally listen to free on-demand music permanently without converting to paying models, the value of music will continue to spiral downward to the benefit of no one." his fix to the problem? free on demand music, on limited time trials. aimed at spotify and promoting his own internet radio service. interesting topic that we're not done hearing about. >> 99 cents for three months of premium. they want you

i work for csx full time." so when this railroad museum went up for auction 3 years ago, he had, to bid. "i wanted to save the museum since i'm a native of princeton" taking his hobby to a whole new level. "i had to totally remodel this building from the floor to the ceiling" he made just about everything in this place, but this project, packed with train memorabilia, didn't come easy "he had to put this up like three times where the train goes around, kevin's mother patsy says the effort, and cost overwhelmed him this time last year. so for christmas, she gave him this as a symbol for what his restaurant could become. "this is just such a vision of what its the fantasy that this will be for children when they come in." a place to eat and have fun- that the town's mayor hopes will have people hopping on board. "he's going to draw people here and then they'll visit we hope all the other businesses and attractions that we have" built from an idea that may become a first class attraction. coming up in sports... it

our folk southern, csx, so -- csx, sosouthern, railroads are in favor here.ter those headlines can across from dow jones saying that china is considering another for the devaluation. important to point out, we haven't had that verified. the chinese government hasn't told us this. we are still citing dow jones headlines. stephanie: that is correct. and the market is moving off of this. an historic merger coming up next on "bloomberg go." ♪ david: americans are starting to spend some of what they are saving on gas. retail sales in november was the best in four months. clothing, sporting goods, and internet retailing led the way. africa in south increasing. the finance minister wanted to control government spending. south africa's economy faces a downgrading to junk. stephanie: we are covering so much. we will be sitting down with the ceos of dow and dupont. billionaire who is currently the most feared person on bloomberg has gone missing. he wasattentional assisting in some investigation. this has more people asking questions. where exactly is he. is he in hidi

lagging the most you have avis budget, ryder systems, rails like csx all down between 1% and 3%.verybody wants to focus on what's happening with these transportation stocks because they have been notable underperformers this year and specifically in just the last couple weeks or so, mandy. so, again, transportation stocks a focus for those who say it may be signaling some more market losses in the coming weeks, mandy. >> of course, the dow theorists out there have been saying that for an awfully long time. what are they down, 17%? >> 16%, 17% right now. if you look at the way that's performed, it's obviously a lot worse than what's happening in the overall large cap market but there are specific cracks in the system right now. if you look at some of the rail companies, they have been underperformers but airlines have been high flyers and now they are notably underperforming at least some of the major ones are, and all of this, of course, amid the backdrop of what we've seen, this decimation in crude oil prices. crude oil has been a real at least driver for the trade for airlines.

we've been telling you about a rough year, many of the railroads like kansas city have been having, csx has had a tough year, avis generally okay. ryder systems had a tough year and fed ex as well but you can see them fractionally to the upside. i'm not sure to what extent the reports of that fire in dubai took us a r us off the high but that's just about the time we were sitting at the high. >> we have a couple events at the exchange this afternoon. wait until the sun shines rally. >> this is a traditional day when the old-timers, the retired brokers come down on the floor. there's 50 or 60 here. there's 30 or 40 in florida that sing along. it's nice to see some of the old friends. >> they're starting to gather so we will hear that momentarily. bob pisani. thanks. brian, up to you. >> thank you. we are guessing that you would like to make money on your investments next year. well, then this is a good fit, folks, because we would like to help you do that. let's get some investment advice. john merrill, chief ne. oinvest officer at tanglewood. tell our viewers why defense will be a good

all of this happening this morning after csx warned of a significant drop in coal shipments, more thany expected. that stock is down over 3% today. so if you take a look around, the crude -- really the crude market is just a part of this overall story and transportation of those products is also being impacted, brian, by what's happening here, melissa. >> you're doggone right, dom. here is a theme that a lot of people have gotten wrong. they say, well, gas prices has gone down, diesel hasn't gone down as much, that's a net win for the rail companies or maybe they're going to ship more gap t-shirts because people are saving money at the gas pump. i don't think people realized how much money these rail companies were making shipping the oil production stuff, the oil rigs, the jacks -- >> they're getting burned two times on the flattening oil trade because in the oil complex obviously you have crude and all the stuff that's related to crude like the pipes and the drills and the stuff you mentioned, brian, but also the corollary impact is on nat gas. nat gas is down by 3% today. that makes

we talked about how weak the railroads can be like kansas and csx and required, united rentals, other ones like that generally had a little energy today, they are fading a little knit middle of the day. courtney mentioned some of the tech names, activision one of the great deals, up 90%, google, microsoft up 20%, you can see they're selling them a little bit although the selling and buying pressure is not particularly heavy. for the major markets this year this was a year nothing worked. everybody believed that the u.s. was the best market to invest in on december 31st, 2014. germany would be slow or weaker growth. china would have decelerating growth. the only thing everybody had a consensus was on japan might do better. other than that nothing has particularly worked. here is the only good news, santa claus rally still intact despite the declines today, the last five days of the year so far we are up about 0.5%, remember the santa claus rally extends into the first two days of 2016, normally good for a 1.4% gain. at least we're still directionally right on the santa claus rally. bac