our road map starts with corporate earnings and covid rec recovery at&t, dow, csx among the names reporting this morning we're going to break down all of the results. plus, american and southwest posting quarterly profits boosted by a surge in travel demand we're going to talk with southwest's ceo gary kelly later on in the hour shares of chinese ride hailing giant didi under pressure once again. beijing reportedly considering a slew of new penalties, which could include a record fine or even perhaps a d listing let's talk about, jim, start with where the futures are i suppose the obvious question is so the correction's over? i mean, that was it? that's as deep as we get, and now it's about building back up? >> that would not be unusual for 2021 my friend caroline baa roe dee, which actually does work with -- just showed you we've had six three-day crashes so far, and they're all the same they're almost exactly the same, and you had -- it seemed odd to buy it it seemed ugly, but they've all been three days. so it certainly would be in keeping. sometimes i struggle to try to figure out why y

csx. railroad operator with better than expected second quarter results. the ceo says it is doing all it can to ramp up the economy with the challenges stock number two texas instruments. revenue for the and loalog and embedded chip. most estimates are concerned about the ability to meet the soaring demand and t.i. shares down after hours and stock three. posting a wider second quarter loss for kinder morgan this comes months after the company raised estimates following a surge in demand for gas during the winter storm in february which knocked out half of texas power plants. kinder morgan down 1% right now. >>> in other investment news, aflac. i'll not do the duck sound announcing a $2 billion deal with denham capital. infrastructure and energy reso resources. aflac says it helps meet commitments and long-s h-term strategies our own contessa brewer asked the chief investment officer of the return on the investment >> we are just starting a new business with them of sustainable infrastructure, clean energy, power projects we think this is huge for the futu

numbers. >> shares of csx up about 1.5% after a beat on the top line and bottom line.land to the state of virginia. still looking at the numbers right now. still, strong revenue growth 33% revenue growth one of the highlights, revenues for automotive shipping more than doubling. 132% growth. also its operating ratio that's an eefficiency metric last quarter 63% this quarter 43% the lower the better similar to margins for a retailer shares of csx up 1.5% after a beat on the top line and bottom line back over to you >> frank, thanks for that. our thanks to josh brown and chris hyzy for joining us. >>> up next, thomas peterffy and dr. anthony fauci on the delta variant and the impact on reopening the economy. we're back in two minutes. if you're 55 and up, t-mobile has plans built just for you. switch now and get 2 unlimited lines and 2 free smartphones. and now get netflix on us. it's all included with 2 lines for only $70 bucks! only at t-mobile. team usa is ready for the olympic games... ...and so are mike and eddie! show me the olympics. they easily catch every single

csx and norfolk southern are lower as well.laws designed to ensure competition, no price collusion on the rest of it. we are seeing from the stock with the reaction will be, pretty negative. dave: bear in mind, this is an industry that has been trucked take-out costs for years, going back to when hunter harrison was there in canada putting in his precision scheduling railroading approach. we have seen costs come down as a percentage of revenue in most u.s. carriers because they are following that approach. now you have this issue of price competition, or the lack thereof within the industry. that will raise some regulatory issues. matt: always great to hear about railroads. dave wilson. coming up, the opec-plus stalemate continues. secure energy ceo rene amirault tells us how uncertainty is impacting the oil industry. this is bloomberg. ♪ matt: this is bloomberg markets. i'm matt miller with amanda lang. oil rebounded after report showed rapidly declining inventories and record high fuel demand in the midst of peak summer drivi

with these executive orders pending the markets are rallying and then there's two companies i cover, csx and kansas city southern they're targeted by two of these executive orders and both are far outperforming the market is the sense of the impact potentially overblown? >> well, it might be in the sense it requires a great deal of work on the part of regulatory agencies and where congress would have to legislate certain outcomes or if you go back to 1998 when we saw similar allegations against microsoft and ended up in a lawsuit that took time to remediate and microsoft effectively won. i think most investors are taking the long view number one, it may not have as dramatic an impact as some would suggest and on the other end if there is some realigning of the rules they may not be as draconian and may not result in the type of penalties that some people might fear. clearly that appears to be what the market is saying today >> chad, the s&p hitting a fresh record high today. investors don't seem to be too concerned. >> right i agree with ron the short-term implications don't really affec

after the bell we get earnings from csx and texas instruments and then tomorrow the all-important ecbsion, plus the south african reserve bank rate decision as well. earnings for twitter, american air, and at&t, plus u.s. existing home sales and eurozone consumer confidence. a lot to unpack work consumer earnings as well as inflationary concerns. that wraps it up for me. coming up, libby cantrill of pimco will be joining balance of power with david westin. i am heading to dab digital radio for the cable. this is bloomberg. have a great wednesday. ♪ [ "me and you" by barry louis polisar ] ♪ me and you just singing on the train ♪ ♪ me and you listening to the rain ♪ ♪ me and you we are the same ♪ ♪ me and you have all the fame we need ♪ ♪ indeed, you and me are we ♪ ♪ me and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪ >> from the world of politics -- >> this bill has more in it than what my last proposal to the president was. >> to the world of business -- >> the economy is in much better shape than it was a few months ago. >> this is "balance of power" with dav

after posting regular quarterly results, csx and union will both winners here. but the country's grand reopening kind of creating more pain than gain for net gear. a downbeat revenue forecast, net gear pointing the finger at supply crunches and factory closures, down 8.5%. >>> after three of the wildest days of trading this year, jpmorgan's market guru david kelly is about to get inside the brain of that man, jay powell and his fellow fedheads, when it comes to interest rates, inflation, the economy's growth under the renewed covid threat as well. with the closing bell ringing in 49 minutes and the dow up 52 points, we are going to ask him to read jay powell's mind when "the claman countdown" comes right back. you've got to hear that. ♪ ♪ ♪ why do you build me up ♪ ♪ build me up ♪ ♪ buttercup baby just to let me down ♪ ♪ and mess me around and then ♪ ♪ worst of all ♪ ♪ you never call ♪ baby daydreaming again? but i love you still you know i'm driving, right? i do. ♪ buttercup baby just to let me down ♪ if you ride, you get it. geico motorcycle. 15 minutes could

csx is moving higher shares up 4% chipotle is extending its record run following tuesday's big earningss week trading at an all-time high. the best week since last april >>> let's get to rahel solomon for a cnbc news update >> here's what's happening at this hour. the northern california wildfires have crossed state lines into nevada prompting new evacuation orders for residents in the area. more than 1200 firefighters are battling the fire that's already consumed 200 square miles of forests. >>> massive flooding continues in central china as local officials raise the death toll there to 33. then tens of thousands are still being evacuated while rescue teams are being sent in. >>> on the news as the heavy rain rages on in china, officials are estimating nearly 3 million people are still affected and the economic losses could reach $200 million >>> first energy has agreed to a $230 million penalty for bribing two former politicians this is according to charges released today the ohio-based electric company is accused of paying millions in kickbacks to help pass a $1 billion bailout. >>>

go to the nasdaq, top performer csx, they split from 800 to below 200, back up again this morning.e those interesting looking shoes. record revenue, raised their full year guidance, strong demand around the globe, 11%. >> i don't wear that with stocks. >> so many wear them, they don't run as well. stuart: the smell of the plastic. stuart: i am going to get sued, they own 5 pairs each. intel report after the closing bell. lauren: the check demand for intel 2, want to listen to anything the relatively new ceo says on the bid for global found berries because into would be making chips for other companies too. there are rumors the supply issues hit a been to intel and in particular the pc division, stock is not doing anything. stuart: tell me about snap. >> expecting 291 million. if they grow that advertising business too, revenue, 3.5 years. stuart: i'm trying hard not -- to wrap my arms around 291 million people. lauren: active daily users. stuart: what about twitter? lauren: the ad revenue is key by 50%. the year over year comparison, so many users sitting at home on their phones wi

first up is csx share higher after better than expected second quarter results the ceo says they areindustries third quarter revenue guidance is below what the street is expecting. that is leaving investors concerned about the ability to meet soaring demand. that is stock off 5.25% and kinder morgan shares sliding after the outlook cut for the year this is months after the company raised estimates following the surge of gas during the winter storm in february which knocked out half of texas' power plants. >>> strap yourself in >> seatbelts >> this is going to be a long read i can split it in two. >> you need to take a breath >> a seatbelt that i need to go to space >> they weren't really strapped in >> jeff bezos talked about his face >> feeling the gs. they got right out of it we'll have mayor pete. not mayor pete secretary pete >> secretary pete. >> he is ready to go he can't afford it check this out give him a few more years in government 1973 application from steve jobs' is up for auction again as a physical copy and nft. that sounds like what we talked about yesterday. get eithe

as for the nasdaq, csx, the railroads, regeneron pharmaceuticals down 2% but overall downward pressurer with tulips once. lived through the crash of '29 and early dot-com hype. watched mortgages play the villain beside a true greek tragedy. and now here i am, with one companion that's been with me for millennia; hedging the risks you choose . . the gold standard, so to speak ;) people call my future uncertain. but there's one thing i am sure of... that building you're trying to buy, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you see it. you want it. you ten-x it. it's that fast. if i could, i'd ten-x everything. like... uh... these salads. or these sandwiches... ten-x does the same thing, but with buildings. sweet. oh no, he wasn't... oh, actually... that looks pretty good. see it. want it. ten-x it. yum! ♪. ashley: welcome back. we just asked you which planet as the strongest "gravity"? the answer? pregnant pause, jupiter. gravitational pull by the way is 2.4 times jeonger than earth. which means if you weigh 100-pounds on e

csx up 2%, ross stores up one.5% and other stocks. leading the way, nicely up one% or more. that in is back. >> bigger and baggy are, gene styles haven't changed, 35% of customers change their waist sizes during covid. some went up and some went down but they changed and raised their full year forecast and said third quarter sales would top pre-pandemic levels. ashley: you are old-fashioned. the old 501s but big and baggy doesn't work on me. >> it is more comfortable. big and baggy -- ashley: i wish. elastic waistband. great idea. let's check the big board and we can show you the dow up 200 points as you can see. lots of green, six stocks on the dow slightly lower coming intel unchanged. let's check the 10 year. big story yesterday, dropping below one.3% but now back up. the trials and tribulations of the 10 year treasury up 4 and a half basis points. gold continues to move higher modestly up $3 or thereabouts, 1804 cents on gold. what about bitcoin up 420 bucks, 33,380 for the gain. take a look at oil, crude up one%, 7393, $74 a barrel, the average price per gallon of gas w