[laughter] oscar: listen, there are some friends from csx here today. it was a wonderful place.rankly, i just thought i had another turnaround in me. a. and b, when you meet the people of united, and what we needed at united was someone that could relate to the everyday folks we work with. and i thought i could do that better than most. david: so one month after you take this job, you get a heart attack. oscar: i never go through any conversation without this one. [laughter] david: 38 days, to be exact. did you think maybe you had taken the wrong job and it was too much pressure? you know, you were a vegan and an exerciser? oscar: marathon runner. david: you run marathons? what went wrong? oscar: so, a quick public service announcement everyone in the room, heart disease is the biggest killer in america. let's be serious. most of the reason why is because most of us don't know we have it. biggest killer in america. my family background did not allow me to understand a lot of my history. and so, again, being relatively fit and eating crazy like a vegan, you think that nothing wou

you worked your way up, and you ultimately find yourself at csx.he railroad company, and you were working your way up. so you were president and coo, is that correct? you are probably about to be made ceo, and at the same time, you are on the board of a company called united airlines. so one day there is a need to have a new ceo, and they ask you to be the ceo. why did you want to leave florida for chicago, and why did you want to give up running a railroad, which is maybe not as complicated as running an airline? why did you want to do that? oscar: one of the more complicated questions in my life. right? to add to that, by the way, my first daughter was getting married right around that time, and we had the wedding planned. my wife's entire interest over the course of that momentous decision was you better get your father of the bride speech done. [laughter] oscar: listen, there are some friends from csx here today. it is a wonderful place. frankly, i just thought i had another turnaround in me. a. and b, when you meet the people of united, and wh

shares of union pacific and csx and norfolk southern drive in that action.you. >> thank you. >>> kimball musk, brother of elon musk, joined cnbc on the closing bell we asked him about the going private tweet from his brother that rocked the company and its stock. have a listen to what he said. you are a board member, the symptom is down significantly. he said the company is going private, funding secured do you wish he hadn't sent that tweet? >> my brother is working hard to do the right thing for the shareholders that would be up to my brother >> that would be up to my brother. if you're critical, tesla and the board, and have been raising corporate governance questions, you point to this interview. we pressed him on a number of topics, elon's behavior, what kind of advice he was giving, whether he was focused jussie lon jussie -- just elon is doing great. you can use that tom farley was on with us yesterday, criticizing the board for not acting fast enough to remove the tweet, to answer investors on the question of going private. he was tweeting out the in

csx lost its legendary ceo last december and everyone expected the stock to get oh l obliteratd kansasity southern has been a consistent underperformer because it has more exposure to cross border trade with mexico, and that's problematic with president trump. second, these companies and their stock still have a lot in common so we're going to make some generalizations. when you look at the action of the group, they have all trounced the averages with only kansas city southern lagging slightly behind. but outperformance came from two brief periods. last year, they folded higher in anticipation of a strong setup for 2018 then the rally got derailed when president trump suddenly got tough on our trading partners. these railroads connect our ports to the rest of the country, meaning they handle imports and exports and anything that hurts trade hurts them. so they spent this year trading sideways, until the past few months ten months ago, it seemed like the rails were unstoppable from the middle of last october to the middle of january, they had some monster moves union pacific up 25%, csx

. >> csx, the rails are on fire. i think they continue csx better name. >> consumer letter m massies turns it around. >> mr. nathan. >> shout out to steve up in maine big fan of the show recover here buddy and stay tuned xlfment define risk short on the way. >> what would dan do next. >> guy adami. >> you do a show called the halftime report. great show by the way. >> thank you. >> unbelievable job. >> thank you very much. >> we do a show you're hosting we share a page we her name is michelle today is her last day there she is she is going on -- one of the best we have had. >> one of the best we have had. >> good luck. >> just saying >> with that. >> have a great weekend everybody. >> no wait you got to get final trade where you going. don't go away. >> hurry up. >> see the quarter adobe had. >> that does it for us catch us back here 5:00 p.m. monday monday fidelity. open an account today. . ♪ there is something in everything about you. ♪ ♪ baby come back. kayak compares hundreds of travel and airline sites so you ca

csx is moving towards the upper end. you might have another 10, $20 in csx you look at unp wraeg his this is a catch-up trade you focus on the rails and defense within the industrials. >> you got a question. >> quick question i think todd a lot of the things you are looking at overlaying snch chart looks the same. >> yes. >> a bit of sell off testing all-time highs are you seeing the commensurate in the s&p 500. >> you reminded me i blew the segment i'm just -- full transparency right. there is a ratio of the industrials to sbx, guy. and you see underperformance of xli relative to the s&p we started to do a hook bottom in the last month as scott mentioned at the top xli outperforming at a relative basis. there is the evidence that industrials are coming on here. >> tim is going to try and save the segment. >> i wouldn't say you blew it. it was a small miscoup. >> we got it. >> industrials why are people -- you show me the chart yet we feel the strels have been under pressure from the trade war. talk about that. >> maybe

the bigger concern is this rail bridge just below us, the csx rail bridge. you see the amount of the -- waters hitting the bridge and the debris in the center putting stress on it. we have a drone up overhead. person street. it can move over to the train bridge to show you exactly how much debris is gathered and how much pressure there is on the bridge. i want to point out one other thing here. there's a street light here. kind of amazing. that is normally where the end of a boat ramp is. it is clearly 20 or 30 feet below that now. and one other picture to show you. this is a picture of right near downtown fayetteville. that's about a half mile from where we are right now. that river is moving up toward the downtown area. they've not seen anything like this since 1945. they believe downtown will be okay, but they're concerned that it's getting close to city hall, their visitors bureau, and several businesses in downtown fayetteville, as well. authoritieies here say they hav done everything they can. and at this point, it is just sitting back and hoping that

a csx train carrying chemicals, some of the engineers went to the hospital with minor injuries becausemtrak uses these rail lines, the disruptions to service are major everywhere south of the north carolina border with virginia >> contessa, was watching some of that video you brought to us. you were talking about the roads. i saw a truck driving across a bridge like it was fine, but also the reporting yesterday about parts of i-95, a huge artery of a roadway, a highway system, what is going on now with people navigating through some of these roads? the closures, i have to imagine, are still in place in many places how are people getting around? what is it like to go and navigate through those causeways? >> you pointed out the problem i-95, major stretches of it in north carolina are closed. a stretch of it about ten miles or so is closed in south carolina you don't see anything so disheartening as watching rigs coming from with telephone poles, generators, essential supplies to restock walmarts and getting to what they think will be the detour, and then being forced to turn around and

this is a csx rail line through town. you see all the debris pushed by the raging river up again the trestle of the railroad. to give you a perspective of how high this water is, let me show the light post typically on the side of the river. the river is expected to cre tonight at 59 feet right now. flood stage start at 42 feet. it's way, way above its flood stage. and one of the reasons why this is such a problem, a few minutes aso this bridge crowded with onlookers hoping to just see what was happening i their city and what the danger might be. now you can see the police ofcers from fayetteville moved everybody off. this is still a real threat to this town. and it's a situation that's playing out around north and south carolina today as people ar m still trying e supplies, resources, knows who evacted are tryingo get back to homes. and stores and restaurants and gas stations are trying to open up. >> tre are not a lot of resources for businesses. and so we are thankful the adminiration early on came o and gave the emerg

norfolk southern still has rail lines out due t washouts and downed trees and csx had the train derail and it's rerouting others around flood areas. amtrak uses those lines too and shut down passenger service n, irely south of washing d.c. airports up and down the carolina coast line are putting passengers back on to planes with the exception of wilmington and jacksonville, north carolina, plagued by ncellations and a threat to commerce and commodities isn't over. >> the farmers wl be in a lot of trouble. >> more than 12,000 farms in south carolina are assessing wind damage and watching f flooding that could crush the harvest and soyoneans and co >> the crops can't hold this amount of water for a long period of time. >> is there anything you can do to protect it at ts point? >> pray. >> reporter: the rivers are running at flood stage. many of them won't crest until later this week so the danger is not over, and the difficulty persists moving people andsu lies into the disaster zone. near dillon, south carolina, contessa brewer, "nightlt. business rep >>> from flooding to business disru

there was a derailment of a csx train carrying chemicals the port opened yesterday.southeast. and boeing started the third shift up last night. so 6,000 workers boeing had sent him by tuesday of last week now coming back on the job charleston largely spared of any damage from florence the real story here is that border with south carolina and north carolina and then towards wilmington by the way, guys, these rivers are not expected to crest until late this week they'll be running at flood stage all week long. so this is going to be a problem. >> contessa, the stages where you see the cresting continue to come, i guess that also means that the problem areas shift and it's hard to keep track of where that's happening how do authorities try to deal with that? >> so the national weather service has a great resource that shows you the rivers and where they're crusting if you look at the map of north carolina, there are multiple rivers at major flooding stage right now. that's before they've crested 37 we're seeing sunshine come out and some blue skies, but they're still f

we were informed by csx that they would not concesent to us putting anything on the track.o act fast. we placed sand, jersey barriers. i put a post on social media and had close to 80 to 100 civilian volunteers. i also asked north carolina national guard support, city support and myself and the county emergency management director worked hard. and we placed those 5,000 sand bags in less than four hours. and right now it is doing its job. it is flowing the flow. but there is now water starting to come over the sand bags. we are hoping that it flows slow enough that it does not cause the same damage that it did last time. what it has done absolutely is that a it has allowed enough time for those folks who live in that community to have plenty enough time to evacuate. >> and we are hoping that they are listening to those evacuation orders. senator, appreciate you you taking the time. thank you. >>> florence may be a tropical depression, the storm is not done. rain expected to continue at least through the next 24 hours. and that is not what folks want to hear obviously. there

in t'marc's case, tamtrak and csx. >> i feel very, very confident in the ability toneeet the dead >> the fra l isess fnfident finding marc at risk ofling to meet t deadline and the i-team learned the feds just fined maryland nearly $30,000 forng faio complete requirements along the way. >> i think it has to do with the way they calculate completion and the way the schedule is set up from the very beginning we're set to hitertain milestones on certain >>dates. eporter: he said it's happening as we speak with about 85% of equipme now installed and employees beginning training this week. hec says mar is in constant contact with the fra about its ptc progress. >> i mean, it is a good thing. i mean, you know, everyone wants to make it home every day. >> reporter: the fra says it expects most raitooads will have request that extension which means they won have ptc up and running until 2020. we did reach back out to maryland transit administratio today. a spokesperson said the agency disagrees with that new fine and is appealing it. news 4 i-team. >> all right. thank you. >>> we also checke

we saw csx checking out rail lines, back out here live.ebris pile is getting bigger, water keeps rising we have seen it happening. the evacuations are still existing for the surrounding area, we won't see the crest until overnight. >> given the fact the river hasn't crested yet, are folks able to evacuate and get out of harm's way or are they hunkering down and bearing for the worst in the coming hours? >> reporter: i talked to the police chief and the mayor they said they have been going door to door, urging people not to be in their homes in the surrounding area as you can tell, another couple of feet higher, it overflows its banks. already there's a creek that merged with cape fear river. the problem is look at this. show the lines of traffic. this is a major thoroughfare through fayetteville they need bridges to remain open to move people and resources to other areas. they're going to be watching to see whether this overtops the bridge they would close the bridge down in that case meantime, until they see a danger, they're keeping it o

. >> we're trying to plug the hole in the leviy i-95 and csx flooded during hurricane matthew. >> wewaited why they waited to sandbag during the storm. he says the town reached out to the railroad company for permission to close up the levy on tuesday and they were denied. they then reached out to the governor who issued an order to protect the area. >> very critical for you guys to get this patched up. >> it is. it is. we've basically got a lot of -- a lot of work do, no time do it, and really not a whole lot of time to even think about what we're doing or how the best way to do it is. >> reporter: csx railroad released a statement saying they provided safe access to the community to minimize flooding. the river is expected to crest near 24 feet when it's all said and done. >> thank you for highlighteding that in lumberton, north carolina. unbelievable to believe, to think that they would stop them from doing this. >> yeah. that's really hard work, but it's especially hard when you're doing it during the storm. >> during the storm. >> yeah. >>> now here's a look at the weather for y

csx is going higher. >> discretionary spending. u.p.s. they're going to win. >> target.entum keeps going and there's a shift. >> you bought target. >> i did, earlier in the week. >> a tech name that you can buy, teradyne. >> thanks for watching "power lunch" starts now >> nasdaq sliding once again facebook, twitter, apple are all taking hits. what's taking down these names right now? what's it signaling about the broader markets? >> new day, same drama in d.c. all the president's men racing to say not me when asked if they authored the washington post- op-ed. >>> and the nfl still dealing with the same issues that haunted them last season "power lunch"

to come in it's bad news for big business here in georgetown, international paper, liberty steel and csxe big facilities here. but for now it's just basically a ghost town at this point one more note. look at the big box. lowes up 4.5%. home depot up 2.75 seeing movement because of the hurricane. >> thank you, constant aire. stay safe. what kind of impact to do we expect from the hurricane. the big box stores jenner ac is another mover this week on the storm. >> home depot has a monster. but it's a monster prior to the storm. so i don't think anything is changing i don't mean to be glib. but obviously you get tail wind on the back of that. but if you want to talk about big box. comps up 6.5%. the street is lower. they beat on eps, beat on revenue, the margins hang there. and you have to ask, does target make sense close to 16 times when wal-mart is close closer to 19 just on valuation on this valuation makes sense. >> not about big box but the lumber futures in the cme no movement making new 52 week lows down to where they were in 2013. down 40% from the peak in may. you would expect a s

we know there was a csx train that derailed on sunday about 70 miles from here, just wiped out.we have a drone shot from overhead amazing pictures that we got from jimmy edwards we met the guy who was leading a team to respond to it, and he was talking to me about the problems of trying to get where he needed to bring rocks to try to build those tracks back up. here he is marion clarke. >> it is hard. so much road closure you got to wiggle and szig and zag to get around. they say 38 is closed, but i see people going that way, so i'm going to try it. >> reporter: still 357 major roads in north carolina closed it's still a major problem trying to get around, guys >> contessa, i've seen the estimates of damage ramp up as they are still calculating costs from this flooding as you point out is still on the way. i mean, when do they expect things to truly crest? is that later today? >> well, so you're looking at the cape fear river which crests but that doesn't mean the flooding subsides immediately. they won't know damage estimates until the flooding is over the waccamaw river which

csx is going higher. >> discretionary spending. u.p.s. they're going to win. >> target. momentum keeps going and there's a shift. >> you bought target. >> i did, earlier in the week. >> a tech name that you can buy, teradyne. >> thanks for watching "power lunch" starts now >> nasdaq sliding once again facebook, twitter, apple are all taking hits. what's taking down these names right now? what's it signaling about the broader markets? >> new day, same drama in d.c. all the president's men racing to say not me when asked if they authored the washington post- op-ed. >>> and the nfl still dealing with the same issues that haunted them last season "power lunch" starts right now ♪ >> hey, everybody. welcome to "power lunch. i'm tyler mathisen glad you could join us on a steamy thursday in new york city dow shroudi isliding 1.25%. chip stocks are fueling the declines, micron, kla-tencor, they're all tanking. we're watching that right now. oil down about 2%, as you see right there. a little more than energy emerging markets keep sliding, too, etf that tracks them, eem is close t

pick up loads of what he called riffraff this is the rocks that are going to be needed to rebuild a csxe was a train that derailed carrying chemicals he's part of the response team that goes to try to get the tracks back on he can't get to the place to get the rocks and deliver the rocks to north carolina so they can get this track back up and running. this is a real problem for getting commerce moving again. >> and you can see the bottlenecks and congestion behind you contessa, thank you. keep us posted on the ground in south carolina >>> meantime, watching stocks down this morning as trade tensions continue to spook investors. the shanghai index hitting a four-year low. president trump weighing in on the situation this morning on twitter tweeting tariffs have put the u.s. in a strong bargaining position with billions of dollars and jobs flowing into our country and yet cost increases have thus far been almost unnoticeable if countries will not make fair deals with us, they will be tariffed joining us now at post nine, goldman sachs chief equity strategist david kostin, hard to argue w

and the csx railroad tracks connect to the port.cement, forestry products, steel and moving it off shore. today that business is all but turned down- dsh shut down because of the impending storm tp it will stay closed this port, until monday morning when they hope to get things back up and running at this point. the police officer who came by to check on things said a lot of the locals have not heeded warnings the businesses at this point they are not taking any chances and they're out of dodge, guys >> all right, contessa thank you for the update keep us posted. contessa brewer. >> sure. >>> the allure of millennial gvorite avocado toast not lost onoldman sachs interns what the survey shows about the class of 2018 next when my hot water heater failed it rocked our world. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they took care of everything a to z. having insurance is something everyone needs, but having usaa- now that's a privilege. you might or joints.hing for your heart... but do you tak