joined by that ceo of csx, jim foote. morgan >> thank you, that's right jim, thank you for joining us today. the dow is down almost 500 points after president trump unveiled these tariffs on imported steel and aluminum. csx moves these commodities. you move a lot of the manufactured goods that move these commodities. you consume steel, you put steel on the ground for your tracks. is this bad for business >> it's got a mix -- well, first, thank you so much for coming out and meeting with us this is amazing. it's got implications on both sides so we'll have to wait and see what this all means. as you said, we're a consumer. but the news is, this could be good for some of our domestic shippers we'll wait and see what the fallout is >> and in terms of -- one of the things playing out in the market, are we on the precipice of a greater trade war under this trump administration? are we on the precipice of a greater trade war when you see things like tariffs rolled out >> there's been a discussion of tariffs for a long time, sin

csx has investor day going on right now. they put out some of the financial targets this morning the street seems to like those we also have the exclusive first time -- sitting down for a broadcast interview with csx ceo jim foot later today on closing bell in terms of ups, that stock is trading higher there are rumors and speculation that's berkshire hathaway is building its stake in this company right now. ups is not commenting on that. it's just speculation. it seems to be driving the stock. >> all right our thanks to you. we'll be watching your beat pretty closely let's get back to the hill and the chair. >> the ri >> i understand the rational behind creating this risk-blind rule but the question i have is ultimately, i have a hard time understanding why assets like treasury securities and funds on the positive federal reserve are also in that calculation can you defend that and answer the question if you are reviewing that practice? >> sure. so my view is that the binding requirement should be the risk base capital requ

csx. >> let me get to your question but i actually think well-timed well-run service between new orleansand mobile is a winner especially when it is both ways, 3 times, 4 times a day, big population centers. i am from the gulf coast. i live on the gulf coast so i'm familiar with that part of the world, it would work. the problem is until our preference rights and incremental cost rights under the 1971 statute that created amtrak are properly enforced, the question for reintroduction of that service was $2 billion. the challenge we have in all these markets where we have roots that make good sense we have never been able to get the preference right that amtrak has on the freights enforced and we have never been able to get them to think straight about true incremental costs because that is what congress said in 71. >> you say the law is there, just not enforced. whose responsibility is it to enforce that law? >> hopefully yours. >> we are the legislative branch. what is the enforcement office? >> stb. we would like a private right of action. >> statute would have to be amended. the law is

encourage csx -- >> we do. >> -- to be part of that. >> let me get to your question. i actually think that well-timed, well-run service between new orleans and mobile is a winner. especially if it's both ways, three times, four times a day, those are big population centers. i'm from the gulf coast, i live on the gulf coast, so i'm familiar with that part of the world. it would work. the problem is, until our preference rights and incremental cost rights under the 1971 statute that created amtrak are properly enforced, you know, right now the question for reintroduction of that service from csx was $2 billion. so the challenge we have in all of these markets where we have routes like that that make good sense, we've never been able to get the preference right that amtrak has on the freights enforced. and we've never been able to really get them to think straight about true incremental costs. because that's what congress said in '71. >> you say the law is there, it's just not enforced? >> it's never been enforced. >> and whose responsibility is it to enforce that law? >

. >> reporter: rail officials say the truck pulled in front of the csx freight train late-morning at this crossing, which is marked with signs, but no crossing gates. there were more than 2,000 accidents at crossings last year, more than 100 involving trucks. in this case, officials say a small amount of the acid remains in that truck. officials say it will take some time to empty that truck and clean up the scene. as for those who evacuated, no word on when they may get back in their homes. david? >> david kerley with us tonight. david, thank you. >>> next, to that new surveillance video now emerging tonight amid this question -- was it a russian poison plot? a former russian spy in critical condition tonight, his daughter also critically ill. and now, that video believed to be of them in the moments before, when this was done in the uk to them. here's abc's chief foreign correspondent terry moran from london tonight. >> reporter: this grainy security camera video is believed to show a father and daughter just before they collapsed from a suspected poisoning in the english town of s

after a csx train collided with a tractor trailer. investigators in centerville say more than 7,000 gallons of hydrochloric acid spilled and the driver was air-lifted to the hospital and three owners were treated for exposure. >>> valley forge military academy and college announced the next president. general walter t. lord a south philadelphia native will take over as president at the delaware county school in april. general lord spent 36 years in the military. >>> all right we are all about the weather now. another nor'easter in five days getting the double whammy and here is addam. >> march madness in the weather center. it's unfolding and there is plenty of moisture down to the south already gathering and that system in the midwest is falling apart and feeding storm taking over and pulling moisture from the atlantic. and snow already in central parts of pennsylvania. the take aways with this storm it's a high impact storm for everybody. whether at the shore the city the poconos or the lehigh valley. the peak is daytime on wednesda

railroad ls like union pacific transports are on the front lines of the trade situation we had the ceo of csxjim foote on yesterday. he said a lot remains to be seen they could see negatives on gold sides, and some of their u.s. shippers might be benefitted by this they also consume a lot of steel. they said that ultimately if those costs do go up, they're going to have to be pushed out to their customers as well if this gets worse with a country like china, these are the guys that are going to be the first ones hit >> we should point out though, the russell 2000 and nasdaq have gone green apple working its way back to the flat line. >>> when we come bam, the oback the one year anniversary of snap did beat expectations for the first time ever last quarter we'll taub about whatlk about wr the company after this break moving in together and getting two of everything thing. those fur babies preparing you for real babies thing. that one for me, one for you, us together for the rest of forever thing. buy one iphone 8, get one iphone 8 on us. more for your thing. that's our thing. at holiday inn ex

started very strong but they have had problems on the global tariff concerns caterpillar, deere and csxou heard wilf and i talking about these headlines coming out that aramco will apparently only be listed on saudi arabian stock exchange this will be a big blow if confirmed for the new york stock exchange with along with the london stock exchange, very actively pursued saudi arabia and aramco to list down here there were many issues principally among them, concerns of possible legal issues around 9/11 that may have been a factor. we don't have any confirmation of that. you heard the early story from sue herera they'll be listing only in saudi arabia try to get you more on that later on >> bob pa sisani, thank you >> we have a statement from basically a u.s. representative here in the u.s. that says, quote, the company continues to review opportunities for the listing, in addition to listing on the saudi arabian exchange, the home exchange, a range of international options are still held under active review the company will not provide a running commentary on the course of the ipo it le

and just last month, an amtrak train traveling in florida was in a head-on collision with a csx freight train. the engineer and the train conductor from florida were killed in the collision, and more than 100 people were injured. so these tragedies can be prevented. they should be prevented. and that's why the industry must do a better job of implementing positive train control and get it done quickly. and that's why the u.s. government ought to crack down. we've heard for far too long from some in the industry that implementing positive train control is a complex and expensive process, and that railroads have faced a series of challenges. we've heard this over and over and over. but more and more, these arguments are becoming tiresome. especially in light of the fact that the railroads have had ten years to get this done. now, i know that railroads have had to overcome challenges. but railroads like bnsf, septa commuter rail and others have made significant progress toward implementation. and they should be applauded. but some railroads are way behind the curve and shockingly, accordin