csx and norfolk southern are up. csx, norfolk southern and union pacific are up 6%, even ksu has gained 3%. so what is behind the tremendous rally in the railroad names? a remarkable reversal since this market got hit 15 months. and more important, can these stocks continue to run? first and foremost, the expectation got so low that at remember the rails are rebounding in the wake of hideous declines and they are still off their highs of 2014. they kept slashing their estimates, all the way down. and by the beginning of the year, the estimates earnings had been cut to the bone allowing the companies to meet or beat the numbers rather than missing them, even though the railroads are still posting weaker than beating. wall street got too negative. second, what else has been driving these relatively robust earnings per share numbers? all the major rails bought back substantial amounts of their own stock when their share prices were well at lows. and that comes on the heels of heavy repurchases last year. when you shrink

caterpillar, csx, johnson & johnson, mcdonald's, am i diversified? >> i like this. i like this portfolio. it reminds me of my fantasy football team, the ski daddies. caterpillar, a machine company i think is going to have an upside surprise. csx, one of the best of the rails. always doing a terrific job. there's room for gold stock. we've got gold, machinery, drug, rail ? hallelujah ? how about we go to lou in pennsylvania. >> caller: my five stocks are american, electric power, ci eaton corporation, wells fargo. >> wells fargo, bank that got a lot of negative publicity there today. i still like wells. kimco, we've had them on multiple times. a very good strip mall company. cisco, a charitable trust name, ? hallelujah ? and these guys are not cheaters. they're just getting it right. sanford in illinois. >> caller: first-time caller. i raid your book "get rich carefully", and i wanted to quickly say i think the chicago cubs are going to go all the way and win the world series this year after 108 years. disagree with you. but i'm kind of in your camp so let's go to wo

give me the idea on csx. >> it is indeed a very competitive industry over in the rail space. listen, i think at the end of the day, the difference is it is more of a people business at the airline. every day, over the course of the year, 140 million customers. and i need to absolutely inch gauge and create that. >> worried about zika? >> the miami thing has been a little concerning but contained. decontamination of our aircraft. we hope it doesn't spread. >> traffic down in those routes? >> you have brazil and the olympics. but central america has been relatively soft, not necessarily zika oriented. >> oil going down, but a lot of times you get hedged, and you don't do as well as we think. >> oil is going to do its thing. it's volatile, and we will act accordingly. >> how about cuba? >> we've got daily flightst that's a great frequency. >> and business travel? we want to get a sense from you about how well this country's doing. >> the energy sector is hurting big. the banking world and consulting world continues at a fairly moderate pace, a little slower. it's summer, but com

hillsborough county sheriff's office -- >>russell: and csx saying don't drive usnles you have to. this storm surge is pushing flood waters into people's homes and forcing them to shelters. county, that's where shayla reaves is this morning. good morning to you. >>reporter: good morning to you. we've been able to make our way to the beach here at hudson beach, florida and you can see the area where i'm standing just a few short hours ago, this is an area that was underwater. we continue to see the flood waters recede but in some of the neighborhoods nearby, that is where people are waking up, they'll likely see their streets turned into rivers in some as that water continues to flow down those neighborhood streets. in fact, we were here throughout the morning as some of the folks were trying to evacuate from their homes. you're seeing video captured during the overnight hours. many of them were just trying to get their belongings to higher ground. we watched as well as firefighters helped an elderly woman get to safety. she had been inside her home, was trying to get to higher grou

both septa and csx trains travel those tracks, the railroad gates can come down and stay down from anor more at times. >> well, from the times herald, a plymouth meeting man has been named male athlete of the year by special olympics pennsylvania. seventy jerold steven fields remains very active in four special olympic sports, to keep him busy almost every month of the year. good for him. >> very much so, very nice. that's a look at some of the newspaper headlines from all around the delaware val. >> i in other news, nasa bolt mission to bring pieces of dangerous asteroid down to earth, has taken flight. >> the agency, cyrus recommendation, spacecraft, lifted off from cape canaveral yesterday, will take about 23 months to arrive. the plan is then to land on it ends take some sables. >> coming up in the next half hour of "eyewitness news", where there could be buyer eat owes -- beer youth owes flying through the air. >> a police crash ended in a crash, a chase ended in a crash, already and also some gunfire. >> massive banking scandal. wells fargo fires thousands of customers costing c

jet blue, csx, norfolk southern among best performers. >> bio tech is strong.he health care sector just turning positive for the year after going negative on friday. >> the sector is still struggling with the likes of obama care. meg terrell has more. >> after friday turning negative for the year we are back up today. it is still worst performing sector year to date. one of the biggest drivers is bio tech. you can see here we are in the green today however not doing so well for the year. if you look at the ivb. fears about the election, all of the drug pricing headlines. this is something keeping people out of the space. that is a main concern. something driving it higher is a deal with raptor being acquired by horizon. there is always catalysts in the space, clinical trial data and for people willing to stick around or get back in at least in the drug space there are three to highlight for the rest of the year. the first one is kite pharmaceuticals. people expecting data this month in the hot program of therapy. sarepta therapeutics and finally eli lilly has a

note did he tell the truth as you do it quick csx shows nothing about impeachment obviously. >> showsr being here commissioner koskinen. the department of justice for the tax administration they concluded there is no evidence to support the charges you have not made the case and these proceedings because you are inexpert of tax policy that you can shed some light as commissioner to understand the work of the irs? anything that would prohibit them because they're under audit? >> no. >> have the rules changed since then? david candy individual goes through charitable foundation with debts or obligations? >> there is no tax-exempt organization to benefit any insider. >> would it affect the tax exemption of the foundation? if they purchase a $12,000 helmet and then using $20,000 from the foundation to pay a of a portrait of a himself? if the individual use $100,000 of the foundation money with a settlement or use $158,000 or any of those using tax-exempt foundation money improper does that jeopardize foundation tax exemption? >> abject it is outside the scope of this hearing additionally