dr. chu served as undersecretary of defense for personnel and readiness under president bush from 2001 to 2009. now, we also want to note in our audience that we have with us a number of veterans, particularly i'm of informed that we would welcome veterans, all our veterans, but that would, only, include a special group that are veterans of our wars in iraq and afghanistan. we also have statements for the record from the following individuals and groups, and they will be entered into the record. the fleet reserve association, the iraq and afghanistan veterans of america, the american legion, the veterans of foreign wars, the national military family association and lieutenant colonel michael parker, usa, retired, who's a wounded war advocate. we are now going to start with general the city hellly. tilelli. and by the way, this is a reunion of a sort. and we want to tell you that we're delighted to see you all here, and we, of course, very much treasure the relationships which have been establ

now, dr. chu, i would like to follow-up on those points. there's been a lot of talk about grandfathering. if everything is grandfathered and nothing changes except prospectively, what does that mean in terms of budgetary effect? because we operate on the ten year budget window. but as -- in my simple-minded way it's everything is grandfathered that means there will be no savings for 20 years. by the way, i think there should be something at the time of enlistment that says this is what the expectations are. this is what the benefits will be. so, there is clarity on that. but dr. chu, how we grandfather and at the same time do anything in regard to the personnel cost? >> i should begin by reminding all of us that grandfather does not necessarily mean preserve the change. so the retirement change made by congress grandfathered everyone including the cadets at the military academies that did not preclude the congress from reversing the course when it came, when the first savings actually were going to take effect and would have a slightly smal

joining me today is dominic chu and dr. john najarian. let's start off with united continental.se as they are trading lower here after releasing weak 2014 guidance. dom, following this one. a monster last year. >> it's a huge run over the past year. these stocks have been soaring. they're one of the reasons why dow transport hit a record high again today. it's not just -- delta was great. that was a stand alone report. but today you had them, southwest airlines,al lasz a airlines, all beating on profits coming -- matching or beating on sales. but the outlooks are what have investors concerned. delta is a stand alone right now. a positive performer with all of these names here. three words. lower fuel cost are going to help them still though cost overall. they have to be a concern for some of these airlines. >> would you continue to be long here? >> i would. >> you would? >> yeah. it's one of pete's picks, united, continental, i would add to it the dips, the integration costs that dom mentioned are going to continue to go down because now they're starting to see the benefit of th

joining me today is dominic chu and the dr. john najarian.out recovery in the auto sector. >> yes. it's not just autos. it's general merchandise overall. that's everything from auto parts to cars to agricultural products group name it. they're shipping more. the big thing here investors love this idea because we know coal has been a headwind. we heard it csx. this time around they got better results despite the fact they're shipping less coal. that's why investors are liking this stock today. >> we also have to wonder whether or not they have to upgrade the railcars because of all the accidents that have been happening with the transport of screwed which has also been a booming business. >> that could be a big thing going forward. as you transport more oil, without pipelines, you could be seeing the eastern railway companies do that kind of volume. they're shipping more of everything else but coal sglets talk scx. it was a clear mix. it's all about a drop it's seeing year on year and the price of gold and copper. one big overhang on the stock