how about csx?ok at the headline numbers you might think this quarter wasn't much different. csx had excellent 21% revenue growth slightly shrinking volumes, 24%. they had some efficiency issues. there were two major differences. csx took a bigger hit in terms of its efficiency ratio. cost divided by revenue. the most important metric in the railroad business. more important, management was vague. union pacific gave you specific numbers for 2022, they were quite bullish. csx was a lot more cagey more qualitative language. fewer numbers. that was the criticism of general electric today which got hurt csx didn't give you something you could hang your hat on which is why the stock got hammered on friday down 3.2% you needed something firm. why was union pacific able to give us a clearer forecast a lot of it comes down to geography. they are a west coast railroad csx is an east coast railroad. forcing them to reroute the trains, an epidemic of train robberies. but for all the headaches trans-pacific tra

. >> railroad csx under pressure frank holland here to explain why. frank? >> really appears to be a case of blaming the messenger csx flagged hiring constraints expenses and trucking acquisition and contractors to increase by 44%. still volume down 2% the question investors are trying to figure out is where can csx grow they make act four times as much volume by the autos. back over to you. >> thank you how do the railroads in general look off the csx call today? >> obviously everything is suffering but they come off a relative decent spot in terms of where the stock had gotten to and the volume just considered a beneficiary of the logistical issues out there i don't think that's a main trouble spot within the transports and the airlines that d dragged things around. so i think -- i don't think it changes the overall story. >> nancy, when you consider the broader industrial space is that cheap and therefore buyable at this level or only cheap relative to the netflixes of this world >> yeah. we focus in transports of u.p.s. and federal express and we own inf

still ahead, netflix, csx, and slum ja all set to report results.ve the action on all three stocks in "earnings exchange," next >>> on "squawk box," the big picture on netflix, reaction and analysis how the results could impact f.a.n.g. stocks. what investors need to hear now. tomorrow, 6:00 eastern watch "squawk box" any time on demand >>> welcome back to "the exchange." i'm rahel solomon. the house panel investigating the january 6th attack on the capitol has requested an interview with ivanka trump. the committee says it is seeking information on her communications with her father during key moments that day. ghislaine maxwell has formally requested a new trial after a juror on the case said that he had been sexually abused as a child but failed to disclose that information to the court. >>> a new study says big box stores could generate half the electricity they need using rooftop solar panels the study says walmart and target have the biggest potential for solar energy production and an update now. a british belgian teenager has become the youn

and finally, let's go over to canada, where the csx is in the green. inflation has soared to 30 year highs in the nation's parking warnings that it is hating low income families, the hardest. the bank of canada confirmed on wednesday that it will keep interest rates near 0 for now. but it said it has plans to begin increasing those rates in the months to comp moving into next week. we will continue to keep an eye on the state of inflation and its impact on the ongoing recovery and from inflation to inflation hedges. just days ago, we were talking about gold hitting to month high, but that's no longer the case on friday after back to back drops and gold prices to 2 week low. the federal reserve at its plans to raise interest rates have been seen as having the biggest impact on the trustworthy hedge after the weather, the storm early on in the week that sent traditional stocks on a roller coaster. and speaking of target and bitcoin has taken quite the beating with price is falling over 22 percent in the last month. but when it comes to the argument of whether bitcoin is truly and infla

csx, of course, netflix.etflix will kick off the big meg that tech earnings that we're watching gimp the fact that we have seen the nasdaq, well, up until today, move into correction territory. of course what's in focus there is it's expected to be lower profit as the streaming service continues to spend more on content. >> yeah, they spend, what, at least $17 billion a year at this point. >> it's incredible >> morgan, it is and of course, we'll be looking through those. they usually give you a pretty good visibility on a number of different things on the call there. and what the implications are for the other stream platforms always becomes an important component of our conversation as well we're looking forward to your analysis on csx. that was an interesting conversation with lance fritz. man, that video of those packages all over los angeles. >> stunning, isn't it? >> it's stunning we're in rally mode with s&p 1.4% nasdaq almost a 2% gain. that does it for us with "squawk on the street" "tech check" start

the intermodal containment transfer facility will provide dual rail access for southern and csx railwaysing for the movement of goods in commerce throughout the united states. in 2021 the general assembly appropriated $200 million towards the 500 million-dollar cost of construction. my executive budget proposes creative the rate of million dollars to complete this construction on time and debt-free. tonight we have the ceo of the south carolina order authority with us mr. jim newsom. he is retiring this year. i asked him to join me in thanking mr. newsom and providing support in our state with years of exceptional leadership and vision. mr. newsom you will be missed. will you please stand and be recognized. [applause] ladies and gentlemen to keep our people safe they must maintain a robust law enforcement presence and properly fund the police. [applause] i believe we have the finest law enforcement establishment in the country and we are growing in we must keep our people safe. or state law enforcement agencies continue to stifle and experienced personnel because they are unable to remai

the new navy base container transfer facility will provide dual royal access for north southern and csx railways to allow for the goods movement and commerce throughout the united states even better than before. in 2021 the general assembly appropriated 200 million dollars toward the $500 million cost of construction. my executive budget proposed is $300 million to complete this construction on time and debt-free. tonight, we have the ceo of the south carolina port authority with us, mr. jim newsom. he is retiring this year. i ask that you join me in thanking mr. newsom for providing the port and our state with years of exceptional leadership and >> as you know, mr. newsom is retiring this year. i asked you to join me in thanking mr. newsom. mr. newsom, you will be missed. will you please stand and be recognized? [applause] >> ladies and gentlemen, to keep our people safe, we must maintain a robust law and properly fund the police. [applause] i >> believe we have the finest law enforcement establishment in the country. but we are growing. we must keep our people safe or they can't prosp

. >>> off the rails, why shares of rail company csx are coming loose, despite a fourth quarter beat >>> stock futures are mildly in the green for the dow. fingers crossed. options day as well today. we're back right after this. ones about life is that we keep moving forward. we discover exciting new technologies. redefine who we are and how we want to lead our lives. basically, choose what we want our future to look like. so what's yours going to be? you could email an urgent question to lisa in marketing. and a follow up. and a “did you see my email?” text. orrrr... you could see her status in slack. and give lisa a break while you find someone online who can help. slack. where the future works. two out of three guys experience hair loss by the age 35. kind of scary. that's why i use keeps. keeps offers clinically proven treatment, and the sooner you start the more hair you can keep. get started for $1 a day at keeps.com. >>> good friday morning for everybody but netflix investors. that stock down $100 per share as it sends out a big warning. >> two years ago we were 10 million above

erosion on the growth side good news for that overall we will get earnings from the big railroads, csxion pacific. keep an eye on that, about intermodal ship asking volumes i think they are going to remain very, very strong. what analysts are trying to do, guys is figure out what's the body language of the ceos about the growth prospects we have inflation problems we have fed raising rates and omicron to deal with it is hard for analysts to start raising estimates right now because the body language is very uncertainty i want a couple more comments from the ceos and we will get a clear direction whether the trend is up for analyst revisions or down for analyst revisions. right now the markets don't know. >>> before we get to rick, we have breaking news out of the s.e.c. eamon javers has the story >> hi, tyler s.e.c. chairman gary gensler wrapped up a media viability with a number of reporters and made news that hedge fund managers might not like to hear. i asked whether he is considering new rules around disclosures from large investors that acquire that 5% threshold of a publicly trad

. >> i like trucking i like arc best but we did the compare last night of union pacific versus csx, anduld you go with the first. holly in new york. holly? >> caller: booyah, i'm eastern long-term, i'm putting holly on. >> what do you think about road block stock. rblx ticker symbol. >> we're getting young people. now here is the problem, it is good for you, holly, not for a lot of others because ever since the fed changes its tune back in november they know the market is too angry to light these long-term value stocks but it is okay for you you have your whole life ahead of you you should be a buyer of road blocks to max in illinois >> caller: jim, booyah, big guy. >> what is up. >> caller: i want your thoughts on ulta. >> i think dave kim bell is doing a fantastic job and that is one of the retailers i want to own, down in steps, maybe 300, they are doing well joe in north carolina. >> caller: calling about js pharmaceutical. >> now i like jazz at one time but it is a company, it is a very inexpensive company i have to reopen why it is so inexpensive, because something is not right th

skwqqqs even though they have been dropping and now they're starting to reverse and whether it's the csxthe vix, we're not seeing the same sort of panicked buying that we were ten days ago, a week ago, a couple of days ago so if people wanted to hang their hat on something, perhaps that is something and as far as speculative calls to the upside in the s&p 500, yeah the people that are active in this index, broad market exposure, of course. 500 stocks they seem to be more bottom fishing here, scott, on whether or not we did get to that tradable bottom. i shot you a shot that tom lee had, as far as basing, and we took a little bit of a leg up and now we've been basing on that, and i think that's giving people some -- if not confidence, at least better feelings than they had for the last four days >> yeah. and it's been a dramamine kind of market. it's been up, down and all around >> yes >> doc mentions tom lee and he calls for violent upside in the next three months. retail sentiments, so bad, he says, it points to that. in our view, the message for markets is much of the bad news is price

csx says there's no safety risk to the public. derailment comes on the same day that 17 rail cars and a locomotive derailed in pennsylvania. and just days after a union pacific train left the tracks near los angeles. >> well, music's biggestu tonight has a new date and the new location, the 2022 grammy awards are now set for april. the 3rd at the mgm grand garden arena in las vegas. the telecast was scheduled was rescheduled following the postponement of its original january broadcast los angeles at the crypto dot com arena was rescheduled, of course, because of covid concerns. comedian and tv host trevor noah will host the ceremony. even in the middle of a potentially life threatening situation. there apparently is always time for a quick selfie. take a look. a woman in ottawa, canada. can you believe this is seen snapping a picture as she stands on top of her car as the car sinks into a frozen river. earlier, she was seen speeding across the ice on the redo river. bystanders got a kayak and booked her ashore. police charged the

we have been looking at csx, petroleum, cisco, old-school names that have low dividends and multiple,year growth on cisco on csx and 14% on marathon petroleum. regardless of the narrative for the markets, up single digits or down single digits at the end of the year, dividends will play a huge part of the total return for investors. so we are circling the wagons and going back to old-fashion valuation. maria: so even though rates will be higher because the fed is expected to raise multiple times, you want to look at the dividend payers to get an even rate? >> yeah, absolutely. whether there's 3 interest rate hikes or 4 interest rate hikes or 5 interest rate hikes, if they are quarter point hikes, we are still talking about relatively low interest environment. companies can make more money because it's still not high. inflation is the issue. that's what we have to be scared of. correction is a normal course of action. they never feel good when we are in the middle of them but i don't think we will see a massive bear market this year. there's still too much of way of corporate earnings

unfortunate csx and union pacific, but they're saying already there will be too many cars the gut issuesn america are housing and autos, and are they too high are there not enough of them we don't know what chips he's going to make. we need full-featured chips. that's what the car companies need so an industry. it's had missed quarters >> do they have the pricing power they need, or will think over compressed margins? i think they do now, what this makes is for people not involved with companies that were created the last few months, like clear, where there were more people in the clear line than in the pre -- i waited longer in a clear line -- >> i've had a good experience so far, but clear is now bigger -- i'm saying the companies that have been created the last, say, year are -- people were looking at this saying, now i have to worry about inflation, the fed -- so no one is thinking how the ten-year is back. >>> remember, by the way, you can catch us anyway. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do

also watching a couple earnings movers from yesterday's closing bell csx revenue is better than expectedsee after a 13% run over this past year, near-term weakness in some of these have taken it down 1 or 2% in the pre-market trade then to top it all off, the company we don't often top it off. a big name if chemicals, ppg off 3% the company says again it came out with better than expected earnings and profits it will also look to raise prices to help offset inflationary pressures it will see in the coming months, so ppg industries off 3%. joe, three names to talk about in addition to netflix and crypto by the way, crypto caught my attention this morning as well because i was going to show you coin base and microstrategy because of that move in crypto across the board you see there a lot of ripple effects. >> it's a different world. it's starting already, dom, with the peloton story. people are back at the gyms, they're going back to the gayms. i got to go to the gym, i need someone telling me what i got to do it remind me of this dredge report, it says a quarter of adults, seriously, onl