csx is better than expected. the earnings were down 8%. we saw some stabilization volumes, which were up 1% year over-year led by automotive. as well as chemicals up 5%. fertilizers up or percent and equipment and coal up 3%. for the rails growth comes first. then pricing power and revenue growth. even better management for your outlook was pretty darn encouraging. csx does not give you specific guidance but they did say, and i quote, they expect total volume and total revenue growth in the low to mid single-digit rates. that is incremental progress after revenue dropped 1% last year. csx has been taking market share thanks to stronger service levels and they take away from trucks, but from trains. this is 300 million more than what they were looking for but the good news is that's why the stock rallied 3% over the last two days after the quarter this new ceo, he's from ford and he has a great industrial background and he's making the train run on time. union pacific, reported last thursday better numbers than csx. revenue came in higher t

we saw csx with disappointing results. visa and up u.p. >> start with railroads. csx is on the eastern united states some is coal driven and things like that. overall, with union pacific, it is a good indicator. the cost of transportation is going up or down and are they getting pricing? what do shipments look like or cargo? those are the indicators we are looking for with the health of the economy and the future growth of the economy. when it comes to visa, visa is going to be after the bell today. i would say if you are looking at the health of the international consumer, see what visa has to say. >> we have to get moving shares of p&g. why p&g right now? >> consumer staples under performed last year. if you are prepared and re-balanced portfolio, you have to own a strong consumer stable. they getting pricing and good volumes. >> patrick, great to have you here thank you very much. one quick look at futures wildfirbefore we let you go. nasdaq slipped in negative territory. the dow is opening up 95 points higher that's go

terrific executive we did not mention the rails there were people who said csx didn't do a good job, quarter an amazing job and watch out coal still going union pacific. three industrial companies with amazing numbers and we should applaud them because it's not really the time for them to do very well. >> yeah. some of the operating ratio numbers weren't as strong as some thought, and by the way, wells cut dupont and there's been other - >> dupont was terrible, okay dow did to the do as bad as dupont i have to tell you i like the industrials that come through at a time when we've had a tightening that is supposed to destroy them dow should have been destroyed the old dow losing money this dow making a lot of money by the way, i was always worried about the unfunded pension take that off the table. they're using -- there's a noncatch charge which makes the quarter not look that good it lowers dramatically the unfunded pension jim is excellent ceo excellent. >> what are you going to tackle tonight? >> i have resmed glp-1 is it attacked by them or doing fine good numbers i can't wait i

csx and up nightunited rentals s well. which are you a little concerned about?he pressure is on freeport because technically it has broken conditions as it relates to copper are very challenging. they need a strong fourth quarter comeback, if you would. lamm research is near an all-time high and that's on the expectations surrounding ai and the boost from ai. let's be careful with lamm research, if chinese demand is weakening, if they can maintain the operating margin above 30%. a little concerned here, in particular i cited revenue growth before. a little concerned here revenue growth might decelerate. >> what about isrg? >> isrg, strong, strong, positive momentum. i believe that's a core holding as it relates to health care. so i don't want the viewers thinking about that from a trading instrument. a pure investment when you think of health care. >> jimmy you own union pacific but not crx. you have an interest in rails. we've talked about what's happening in transports. >> i talked about demand increasing. however, what i'm more concerned about, for union paci

let's go to csx now, fourt quarter profits slipping there but the company ceo stil expects a profitableich, talking about why he sees strong demands on the street earlier. >> still optimistic,, actually what we saw in december wa interesting. chemicals, forest products international intermodal all year long we're down t december we started seeing deflection positive auto, coal, metals and mineral have been positive all year, and we get santa new to se that so, we're feeling pretty goo what we see on the demand side right now. >> feeling good on the man how are you feeling about csx, a? >> it's a hold again, business is a slo growth area. but they're doing a great jo generating profits, which is important, and their margins are one and a half times there -- so that's really good. but which is actually, it's 38 compared to 23% for thei peers. but they have a capital ratio, which is double their peers, which is not good. so, they are highly ra averaged and you mentioned the molest went years, they have double their margins, which is also good, because in this area, in the slow growth area,

i like jesse csx, and i will tell you why. a guy, joe hendrix, who is doing such a good job that i think that you have to recognize there is a big change going on in csx. they are becoming more customer oriented, they are becoming more detail oriented, and i am saying that is stock which is $35.59 is going to $40 and you should feel very good about it. the charts in terms by carly garners which israel streets got into bears to the court, wheat and soybeans. at the time of year when all three crops tend to train higher. that is why she is expecting a grain rally before a decline. the bears are about to get killed. all right, much more math money, move over to fs1, nascar season is about to begin. a lot happening. i am hearing what racing fans can expect this year. with nascar president steve phelps, you will be watching something cool on netflix tomorrow. then, there is a host of supply issues that could put a damper on the -- , so is the group still investable? i will give you my take, it is a little surprising. i know your po

and i had csx on, and i'm thinking, wow, you know, maybe it's time to swap into csx.e stock. 18 times earnings. and it's got precision, doing precision railroading, and union pacific is at 23 times earnings, and at 52-week high. so, hey, like, that's too high versus csx. that's what i think. very pedestrian. >> yeah. sort of fitting with the sherwin williams call, which we mentioned earlier, it's been on a run. sofi today, cuts to underperform. jim, big run there. kbp is another one. morgan stanley cuts to equal b weight. >> fulfilled their targets, and i don't like those calls, because it's not like -- they're not nvidia. i mean, look at so fi, which i happen to like very much. i worked with him at goldman and i was at the tstreet.com. the stock is, okay, is it really a dangerous stock at 9.5? >> yeah. >> i think is robinhood dangerous at 11? i don't know. i don't like the book of business because it's too crypto and option-oriented. >> what's working today, jim, is all in health care and staples. lilly, of course, adding to a banner year last year. but it's all -- i

i think csx could have a great quarter. they're so i think so much that's right, but everyone loves norfolk southern. ting i think it's a good company. you're going to have csx on wednesday and i think that's going to be -- >> bernstein upgrades two of them saying they've been on the sidelines since '22 and we're at the end of a certain part of the freight cycle. >> jb hunt got an upgrade today. >> yes. >> i think you need -- we need something other than the supersix. we're just going to run out of steam. unless we're once again in that kind of -- >> you just dropped tesla, huh? you just x-ed it. >> we can mention adam jones today, cuts. >> that's what made we go supersix when i read jonas. for all of his showmanship really made me feel like the evs, it's pause, or is it done? it's either pause or done. we do know -- >> his price target is still 345. >> yeah, but that's -- >> why do you -- challenging year, now our price target is still 120 bucks -- >> look, he's saying that there's still some a.i. in robotics thing going o

the csx royal caribbean. even after the run that feels very new and the endless enterprise place.ype because there's always a lot in the pipeline. if you want me to sum up what is working so hard. i think it is a mistake to extrapolate too much. not even the full week. not even getting caught up in that. the companies that can do well for the long haul. if everybody seeks new and normal those go higher. it is more salesmanship and storytelling. they tend to make the first week of the year so bizarre. i promise to try to find it somewhere just for you. >>> i am in for brian sullivan. right now on "last call," the two numbers that could make or break the 2024 presidential election, and they have got nothing to do with jobs. >>> if you build it, will they come? the construction industry takes a big bet to find new workers. they may be on the approval of a pickling etf. >>> wall street's golden candidate nikki haley prepares to rake it in from some of

tesla, ibm, csx, las vegas sands. just s

services pmi figures, and, of course, the earnings parade continues as a result of tesla, ibm, at&t, csxs sands. >>> the s&p is coming off yet another new all-time high. taking a look at futures right now, we're seeing the dow would open up about 50 points higher, but it's nasdaq surging higher on the back of the chip stocks for much more let's bring in kelly cox. good morning great to have you here. >> good morning. great to be here. >> give us a sense we mentioned new records for netflix. netflix shares popping dhouchl you see strocks trading up and what's your word of the day? >> first of all i say value, frank. i say value because we closed for a third straight week. futures are high looks like we could be gaining on the day the big complaint that comes around with record-highs is the fact there may not be a lot of value, but these are unusual highs. we see a lot of value and that could be unearths as we get the manufacturing and services data today. >> all right speaking of today, you're looking ahead theest mat in december was 47.9. this month, 47.2 what does it say if it comes in

i want to be careful but csx, i thought, was a good quarter. union pacific was a good quarter.ave you ever heard the german's rap on solar? it's not very sunny. >> it's not very sunny >> 29% of the time, it's sunny it's not philly. >> only 29%? >> they're kind of stuck it's not -- they'd love to pivot to solar it would be great. they say pivot to heat pumps, which is very positive that's something that carrier's buying, but then they changed the subsidies. i don't know who the president was advised on this, but they needed -- they're a little misguided, and they needed to do more work on this. >> well, granholm did say, it's temporary. we haven't done one since 2018 and she said given the boom in exports, it's time to take a look >> nothing will change in terms of what is currently being exported or what is currently under construction this is just a pause so that we can have an assessment that is rationally based and then apply that assessment to those projects that are in the queue >> we're already the number one -- we overtook qatar >> yeah, but i was surprised there have be

>> the fact that the csx 300 is flat and the hang seng is underperforming shows that investors -- although china's problems cannot be cured by simple cuts, last year we had rrr cuts, and back in december we had that unprecedented 800 billion shorter-term funding on the markets. this year we will have a cut again hopefully that will release another 500 billion in the monetary market. but bear in mind that bond yield in china is already at a four year low. obviously this is not the problem that is rooted, so it is good news for the market. but i think investors definitely want more. yvonne: you mentioned about the regulatory risks out there. maybe the risks are still there. are going to get more clarity on that front? >> we had that deregulation shock in the online gaming sector back on december 20 6 -- december 22 that caused a slump. there were all those bad years of crack down on the private sector in china. so we will have a consultation on january 22 and hopefully after that, it can remove an overhang for the market which would hopefully support tencent and all the big names in the chin

. >> i'd like to see csx tomorrow, union pacific the next day. those all matter.s and sources tell me they will confirm, too that ed is going to be very right. >> united is going to help today, these results. despite kirby on squawk saying we're going to have to plan for a scenario without the ten. >> i thought it was interesting i didn't hear kirby say anything good and the stock will go up. no, nothing is good. all right. we'll take it up two. >> business travel is coming back. maybe that was the key. by the way, kirby handles himself so well that even when he was slacking boeing, he seemed like a gentleman. i would never have played it the mother teresa way he went. he was amazing. all within the confines of saying, what a bunch of idiots. >> take a listen to what kirby told the guys on squawk. >> we're boeing's biggest customer. they're our biggest partner in the world. we need boeing to succeed. i have a lot of confidence in the people at boeing, great mechanics. they've had manufacturing challenges. it needs to be real action. >> that's like i really have tr