. >> shares of csx moving higher after reporting results.nan joins us with more >> how do i follow up that segment? i mean, really, cnbc turning 30. if you take a look at shares of csx, they're higher, leading the transports higher in what is largely a flat market, transports up 1% now i did speak with ceo and president jim foot he said very good quarter based upon solid execution of the railroads running well in difficult circumstances. keep in mind we saw a lot of really tough weather last quarter. csx was impacted to a certain extent by that like we heard from jamie dimon, warren buffett, foot telling me the u.s. economy may be a little slower than a year ago, but still sees it on very solid footing. just about every category for the railroad had growth during the quarter that is notable given the fact that railroads like csx touch about every good to some extent moving around the u.s. something that drove the better than expected results that we got from csx export coal, a driving force again, we saw tailwinds last year that helped again

csx said there was driven by strength in ethanol. forget that. i'll go back to the well dupont is the way to play it with the massive protection business and genetically modified business and dupont had corn seeds and that is ethanol and it announced a weak court so it is derisk so for that one, dupont and how about forest, csx said it was led by growth and building and strong import demand tough one. open the file on warehouser and losing money on a 5% yield and i would rather buy a big home builder. let's buy lennar in florida. and then construction and paving products caterpillar could be a winner. i like that stock. but it is too global and rock stone could work but bank of america downgraded it the other day and worrisome. jim fish of waste management comes on the show and often commented the best source of revenue is construction. they announced the acquisition of the competitor and business is good and getting better that is the one to buy. and i'm talking about metal and equipment and fertilizer and the metal is doing well because there i

two csx workers were killed when they were hit at the station about two years ago. the report found the conductor and con tctorinee were walking on active tracks after an inspection.e thpot where they were hit is where the tracks narrow. twas trainssed the workers at nearlyhe same time making it escape.ble to the ntsb says the csx employees should have had better communications about an oncoming train. a >>> we'reo learning new details about a deadly crash on route 50 in fairfax county yesterday. police say 63-year-old ralphso jo was trying to cross the highway when he was het by a black suv. detectives say johnson was not in a csswalk and that he may have been drunk. the driver remained on the scene. police say speeding was not a factor. >>> today a new option for commutersn northern virginia. omni ride will test a double decker commuter bus for the next few weeks. the bus will depart from th cushing road commuter lot in gainesville just after 6:00 a.m. and traveling towards d.c. and arrive at the state department. instead of paying, passengers will be asked to fil

i like a pair of different transporters csx and united continental these are companies with fantastic management teams that have found ways to make money. csx is running as efficiently as possible united continental doesn't have as much exposure to boeing's 737 max. quick shout out to phil lebeau ibm, some time, some time in the second half of the year, the merger will close, and i bet that gets people more juiced about the stock. do you buy it now? a potential decent quarter it could be a terrific opportunity, but there's no urgency. i want to hear jim whitehurst on the conference call. that would be so assuring because i love that guy. wednesday is massive i like both pepsico and morgan stanley before they report maybe bad news from washington say on these two days. maybe bad chinese trade talks, always a possibility then you get a chance to buy these two at a discount. these two, i think, are stand outs otherwise, i would just buy some before and then they report and then maybe some after. i expect both companies to raise their forecasts. what more could you ask for? you want to le

the ntsb says the csx employees should have had better communications about an oncoming train. >>> his last name may be angry. after an historic vote, the em folks will rber him for a diffentreason. victor angry won a special election and will now become the first minority to serve on the county boardf supervisors. he is fig the seat held by long ohme supervisor jenkins who passed away earlier this year. even as he prepares for that, angry will have to get ready for a june primary election. >>> after a few unusually warm ys, we are about to get back to reality. >>et's go cooler. we're not talking cold air even though we hadol a front move through. temperatures about 80 degrees. e last time that happened, it was october. we hit it again today after a high of 84 yesterda 76 in richmond. warm all around our region. notice to the west, into the 60s. you can see it, the clearly defined cold front. there it is. bringing in someoor air tomorrow. tomorrow, not bad at all. a pretty nice day. i'll see you back here in a moment. >> thank you. people showed up with a simple message. they made sure

ouch certain not the story that csx told tonight trucking is important to this economy. was outright weaker and february got hurt by the weather. but march, he said when the service began to improve, we did not see a snap back from customer demand in march which is our biggest surprise and frankly missed our expectations. how bad? get this for stephen, buyers are down 20% in january 6% in february and down 7% in march. when it comes to april, he says, we're still waiting for customer demand to accelerate not only that, the company's gotten aggressive on pricing to bring in more business in fact, he expects pricing to be negative for the full year. so what the heck happened? why is it doing poorly they pointed to the president's tariffs an china there was too much inventory in the system the head of inter modal says where houses are full. wow. he goes on to explain that the sales to inven tore qui ratio crept up a little bit. again, these are worries about the march 1 tariff increase that's never materialized. he continues, i think they need to bleed off some inventory be

so this is over the past year and a half, you've got a real winner csx. you've got a loser jb hunt. in the middle is the transportation average itself. so let's drill down. and now for what it's worth, this looks very self-dealing as though i put this up here before but i don't know what jb hunt earnings were going to be, okay. don't like it and today's action will confirm that. what we have here is this. yes, a well-defined down trend line and for the most part, it is failed, it is failed, it is failed at the line we know what's going to happen tomorrow turns out it's going to fail again. and i would stay away and truckers in general are not good it's all about the rails, right? the rails have been the leader and this has so many ways you can draw the lines one way, of course, is this. a little bit like the market itself a head and shoulders with a well defined neckline you could have the bigger formation of a cup and handle. but it points to breakout time we know that nsc and unp have already done it. jb hunt if you own it, just get out. >> carter, come

also, csx and united continental. we'll have thoseheth ce t.om when you retire will you or will you just be you, without the constraints of a full time job? you can grow your retirement savings with pacific life and create the future that's most meaningful to you. which means you can retire, without retiring from life. having the flexibility to retire on your terms. that's the power of pacific. ask your financial professional about pacific life today. ♪ >>> 35 minutes left to trade the dow up 0.3% or 77 points the high of the session was up 146, about half of that at the moment s&p's just higher. nasdaq up 0.35%. qualcomm nicely higher by about 15%. still ahead, at&t selling its hulu stake for nearly $1.5 billion. was it the right move at the right time former ceo bob wright will join us to weigh in. >> take a look at qualcomm and apple, moving on news they have settled their royalty dispute and dropped all litigation we'll continue to monitor those moves. sharp reaction higher. qualcomm soaring up 17%, hinavg its best day in years. "closing be

. >>> ibaltimore, the cause of a partial csx train derailment is under investigation. this happened last night around 10:00 near paka street and hollands ferry road in the southwestern part of the city. baltimore fire officials say four cars derailed and at least one was leaking fuel. there were no injuries reported. no evacuationseither. >>> it's 4:35 on this monday morning. here's a look at your other top hbstories. neigs jumped into action to help six people including two children and a pedestrian after a crash on easter sunday in southeast d.c. this is a sook at thene at 16th and v streets. neighbors tell us that intersection is known to be dangerous, and they are calli for some type of action from local leaders. >>> rescue crews saved an armed robber c from a submerging in the potomac river. the dramatic scene unfolded around 6:30 lastni t. the suspect walked into a busy in arlington, pulled a gun, stole cash, and drove off. he led police on a chase but crashed into the potomac river at the gw parky at i-395. that suspect isol now in pice custody. >>> today house

. >> nowe companies l peters and dean are focused on finding skilled workers, sething csx is a challenge. to compete for talent,ea peters and offers 401(k) plans, health insurance and ongoing training to workers. experience installers cane m up to $50 an hour. beyond just pay and benefits, the butty is in seeing the finished product. >> the end is theo best. just te the work, how it came out,s this theically it's always good work. >> skechers shares slide and that's where we begin tonight's market focus with the casual sneaker makli f after missing analyst expectations for its first quarter earnings and sales. sketchers says profits were affected by a higher income tax rate and the company issued disappointing second-quarter guidance and the stock was down 10.5da in s trade to 31.60. blackstone shares got a lift after the private equity company said he was goi to change his status in the corporatie from urrently structured partnership. the change will p let moreple buy that company's stock. >> we can sl to 4.5 trillion out of 12, but if we make this change to be a corporation which is li

csx reported a quarterly profit that topped wall streetpe ations thanks to growth in shipments that theoad operatedrom the increases and the stock rose in initial after-hours trading and it finished the regular session at 75.89. >> amgen said the list price of more than $1800 per month r osteoporosis drug and it mandated a so-called black box warning about an increased risk of heart attack and stroke. the stock fell more than 1.5% to 188.05. electronic arts online gaming platform called origin reportedly exposed gamers to hackers. crunch, to tech security researchers found that they could trick an unsuspendi gamer into remotely running malicious code on the computer. electronic art says ares says the fix has been put in place and the stock was down 4%o 93.83 and the fda ordered boston scientific to stop the sale and distribution of its surgical mesh implant. the move comes aft yearsf complaints about pelvic pain, bleeding and scarring inom. the agency says the device has not demonstrated a reasonable assurance of safety and effectiveness. boston scientific has ten days to submit its pla

it's just straws it's just straws intermodal if you go to the csx, they're going to tell you that we're delivering things on time in the rails. >> not as much as inventory as -- >> trucking also -- >> a market share issue? >> intermodal. how many -- >> we know. >> 1800 containers on a container ship, okay >> yes. >> we stopped because of the tariffs. we did really big. we loaded up, took all the stuff in, betting that the tariffs would go up. we were full up and that was the end. it had to do with the tariffs, david. >> deutsch does cut jp to a sell. >> where was he yesterday? it doesn't even matter the company's conference call was so horrible. january was bad, february was bad, march was bad it was 767 in terms of declines. that was one of those comp calls we said the fed is so right. then on honeywell, wow, is the fed wrong. sister, mother, sister, mother. >> csx, rails matter continental was very good. >> right. >> now there's a lot of them that are really good how about intell doing completely badly and it goes up two points? now you have a 2020 number do you know that those modems

csx two negative at now 0.2%. a little more about how tax cuts are coming to the consumer, whether it is food, medicine, textiles. taipei is one to watch year. flatter on the benchmark, but trade data was actually pretty good. better than what economists were stressing. exports were still in negative territory, but much better than four counts. -- forecasts. nikkei 225 also down 0.2%. then currencies up, japanese yen also weighing on stocks. crude back to the five-month highs. wti. for brent crude just below $71. we were just speaking to that of yesterday. there his forecast is for $75 for brent at the end of the year. those libya tensions, iran sanction waivers. weeks away from president trump making that. steel, that is one to watch. up another 2%. already rallied more than 2% this month. a rally we have seen in iron ore. down.ore futures for ore look at the dollar trade . we are in a hard place for where the greenback goes. divided by these two differing forces. the dovish fed should be meaning butrate will wea

lauren: let's move on to csx, the major railroad company.a little bit like an airline recently, if that they have fees. they're charging shippers, if you give us the wrong instructions, you're going to pay an added fee, a fee for this, a fee for that. those fees last year added up to $365 million. your thoughts on the railroad? >> i like that company. i mean, just like nsx. they do a terrific job. they manage the company really well. i expect them to beat earnings and i think that stock's probably got another 4 or 5 points upside. lauren: we're looking at a beautiful can char chart there. year-to-date. thank you very much. cheryl: president trump is getting exe tellin competition n unlikely source. bill well saying he plans to challenge the president for the republican nomination. the 73-year-old says that, quote, is time too return to the principles of lincoln, dignity and opportunity for a doe all. does he have a chance against such a strong incumbent. tiana lowe, good morning. this is a strange time to be coming -- to come in and go after

. >>> here's a look at the other top stories -- in baltimore, the cause of a partial csx derailment is under investigation. this happened last night around 10:00 at hollands ferry oad in southwestern baltimore. the city fire officials say that four cars derailed and at least one was leaking fuel. no injuries there, no evacuations. it doesn't appear to be impacting any major trains this morning. >>> this weekend, hundreds of people honored- a belovedild bye driving a stolen minivan on friday. yesterday bikers blocked florida avenue as they held a vigil. ey also play placed a ghost bike to mark his rod roadside memorial >>> a tornado blewed across video -- blew across virginia knocki over trees and power lines. warnings were issued in montgomery county. no reports of tornadoes touching down there.ay >>> tod house democrats will discuss the next steps after special counsel robert mueller's russia report was released last week. that includes the possibility of impeachment proceedings against president trump for possiblef obstruction justice. more coming up from nbc's kristen welker at the

rising sos kos such as wages or raw materials as we saw in the case of caterpillar or oil as we saw in csx procter & gamble, coca-cola. many companies have been able to raise price. shouldn't that be comfortabing o investors? >> it is the main determining for stock prices, margins are the most important thing. we've been about 11 %. the s&p's margins are about 11% for several years now. those are close to historic highs. and if they slip, that's going to be a major problem. when you have pricing power, you can raise your prices even though you have higher costs that means the margin does not go down. so maintaining that margin is a critical part of this whole thing. i think that's certainly very encouraging for everyone >> all right gentlemen, thank you bob and michael. >>> now let's get to boeing. the plane maker meeting profit expectations it's pulling the 2019 guidance saying it expects to take a billion dollar hit because of the grounded 377 max jet it's holding back and buying shares the stock has a fractional gain. we have jim corridor with us jim, what's the take away for you. why d

we're at the new york stock exchange the transports trucking higher after csx and kansas city southernthe road clear for more gains? our team is with us today. transports had a good run relative to the market still about 5% off their record highs. how do you see the risk/reward setup. >> it's favorable. if we look at the dow jones industrial transport index we've seen over the last few months that this pattern has been a bullish accumulation pattern taken the shape of an inverse head and shoulders we're breaking out of the pattern today. 11,000 is key. above that level there's not much to stop this from the running to the 2018 highs. >> all right >> relative breakout >> going to say maybe a see juncture with another round number gina, a decent sign, i guess, for what the economy might be doing. how do you see it as an investment prosect >> you're right. remember the transports are coming off of 20-year high volumes in 2018. they're going to naturally slow. but from a valuation perspective they look really healthy this ride is going to be as solid as the s&p on average. it would be very

i'm a big fan of the rails but the reason i am is union pacific, northern southern, and csx and that's the better way to play the railroad game we are in the thick of earnings season that was really nice comments jim gave me. earnings season, that is what matters. which stock could be sporting mountain-sized profits for your portfolio? i'm on the trail of one of my faves. a prime buying opportunity with uber expected to start selling shares in a few weeks, are the auto stocks road kill? not all of them. i'm telling you how ford understands how the secular wins and intel is dropping today. one chip stock isn't off the old block. an overlook play to power your portfolio higher do not his my sitdown. >> don't miss a second of "mad money. follow @jimcramer on twitter have a question? tweet cramer #madtweets send jim an email to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. >>> it's a family business that's withstood the test of time and mastered the elements of the markets the outdoors beckon in every season should investors beckon for col

procter & gamble raising price e coca-cola, raising prices and csx raising prices aren't they good things growth may be challenged and you may perceive growth to be challenged, but companies are better equipped to handle this >> yeah, i like to say those were broad beats and it's g getting to that point where it's priced in and they're probably not initiating new positions and taking money off the table those were priced expensively with the huge stories and something like a zoom, you know, i just could never get my arms around that kind of valuation. we're literally on the heels or on the cusp of a $100 billion market cap of uber coming to market you just mentioned zoom and pinterest. we have all of these deals coming at a time we are back to these prior highs where valuation will become a concern. so some of those names we just talked about and those old mega-caps on a relative basis, i think they look attractive you know what i mean i think the uber deal when this thing comes it will be a very important test of this market especially when you consider how many tens of billions of new i

results in wealth management and fixed income trading that's why that stock is up more than a dollar csx it beat eps estimates by 11 cents. results helped by lower labor and fuel costs that stock up more than 4% and pepsi also higher after it reported organic sales rose by more than 5% the fastest growth rate in more than three years and canon falls sharply on they're expected to slash their outlook amid weakening demand for digital cameras. down 1.5%. let's go to contessa brewer for a news update. >> hi, tyler 18-year-old sol pais has been found dead the fbi tweeted there's no longer a possible threat to colorado schools from the woman who was allegedly obsessed with the columbine shooting she flew to colorado monday night, bought a pump action shotgun and ammunition. >>> house speaker nancy pelosi told the irish parliament she won't agree to a u.s. trade deal with britain that threatens peace. she re-affirmed a message of u.s. solidarity with ireland. >> america will continue to stand with you and protecting the peace that the good friday accords have realized. i have said it before an

for earnings coverage today of the not just netflix and ibm, we'll also hear from united airlines and csxn as they cross and we're also watching the levels on the market because so far so good on earnings this morning. we got a 2% rally in shanghai overnight and it's fueling a mini rally here. we'll watch for record highs. closing high is -- >> 2941 almost, yeah. >> intraday. >> we did get an eight handle on the naz since we haven't done since october. >> it could be an exciting close. >> can't wait. >>> "squawk alley" is coming up next. we'll get a lot more from faber. we'll talk to jeff ubben in just a few moments. >>> good morning. it's 8:00 a.m. at facebook headquarters in california, 11:00 a.m. on wall street and "squawk alley" is live. ♪ >>> good tuesday morning. welcome to "squawk alley." i'm carl quintanilla with morgan brennan, jon fortt is ba

kimberly clark, proctor & gamble, csx. you have the trade spat going on with europe and china is something you have to monitor. you have to put the fed what they side to do to combat inflation, should we see it further how they would respond. right now the fed is a tailwind. it could be a headwind. neil: jack, you have been prescient on lot of developments in the market. i have smart market folks with me, what worries them? what keeps them up at night? to me they're at prior rib at ponderosa, to you, what is more substantial? >> to me olive garden. neil: there you go. >> it is u.s.-china relationship. china has got to grow. i think this is part of why we're seeing better economic activity in the u.s. china has done enough stimulus to get some stability. neil: they have really turned things around. everyone is talking recession. >> maybe we've done enough and we need to sort of pause which is fine. i'm not in worrying about inflation camp. i think the secular disinflationary influences are dominating the cyclical influences

. >> shares of csx are trading higher it's reported better than expected first quarter erpgz and revenueoo one engine pulling more cars >> operational efficiency. >> yes >>. >> you don't understand old tech >> you know all this tech has -- even the old railroads totally digital. think about all the logistics. coming up when we return, talking about digital stuff, electric car showdowns we'll talk to the ceo right after the break. a very cool new car right after the break. live from the new york auto show plus, potential problems for the mega merger between sprint and t-mobile we've got the details. are you looking at both of the stocks trading down right now. as we head to that break, a look at yesterday's s&p 50000 writteners and losers. -driverless cars... -all ground personnel... ...or trips to mars. $4.95. delivery drones or the latest phones. $4.95. no matter what you trade, at fidelity it's just $4.95 per online u.s. equity trade. no matter what you trade, at fidelity weveryone, looknk isn'tat your phones. the design thinking, the digital engineering, security, blockchain, and we w