and we want to make sure that ptc is implemented correctly. ultimately that's the goal. folks just need more time. >> now commuter advocates like jim hope that railroads will make the 2018 deadline. >> this is a technological solution. it's not easy to install. i admit that. but i know it's possible because other railroads have done it. >> reporter: the ntsb has been calling for technology like this for 45 years. in that time, there are 145 train accidents that the technology may have helped to prevent and 288 lives that may have been saved. i'm stacey delikat, back to you. ernie: thank you very much. joining me live right now from washington, new jersey senator cory booker. senator, thanks for joining me today. >> thank you for having me on, especially on this important topic. ernie: it is very important. you are the top senate democrat overseeing rail safety issues on a subcommittee. critics say that congress caved by agreeing to the extension. how do you see it? >> well, first of all, i wouldn't use the word caved in. i would join with the critics. it's unacceptable t

a couple weeks ago, kathleen asked me about ptc, as in phil tom charlie.said i would do more research. it's a big play on today thea for manufacture respect, providing software for all levels of the big from engineering and design to supply team management to sales and customer service. it's always picked up a lot of exposure to the rapidly growing internet of iot space, thanks to a series of acquisitions it's made in the past couple years. it tends to be a bit of a wild trader. it's the entire growth cohort fell out of favor. plus ptc is a long track record, but then providing conservative guidance that pours cold water on the null le unthrewed -- my view, i don't like ptc, but the analysts seem to adore the stock, and i believe the up side is limited, at least until ptc proves it can successfully integrate. i think ptc might be worth owning. keep an 50i9 out for a viable pullback. last week, jim in oklahoma, called about one that i didn't know at all, called air methods. airm. i said i would get back. air methods provides emergency medical transport serv

i think ptc might be worth owning. keep an eye out for a viable pullback. last week, jim in oklahoma, called about one that i didn't know at all, called air methods. airm. i said i would get back. air methods provides emergency medical transport services using a fleet of over 450 small airplanes and helicopters to pick up patients in need and i kind of like this. back in september, the stock spiked 12% after an activist investor sent a letter to manage say that air methods could create a value for shareholders by selling itself to a private equity firm. they also implied while there's real interest in air methods, company's management doesn't seem to be interested. if it can be taken prior. for air medical group unless the fundamentals are sound. in a case of air methods, blew away the numbers. after initially soaring higher, the stock is down below where it was, in part because we learned that air methods is acquiring tristate care flight, another medical airlift play. and they're paying $222 million. management expects in deal to be immediately at tiff to

networks meet requirements of ptc. version of ptc has replaced more than 20 incompatible national signaling systems with a single, standard proven to increase efficiency, save energy, and lower ownership costs. there is a clear parallel between america's rail network and that of europe before the adoption of the tcs. i believe the country would benefit from this technology that harmonizes technical standards. from china to mexico, nations with the largest economies in the world have seen the value for the tcs has efficient reliable, and safe transport of goods and people. as for the railroad industry, the administration and congress continue to move forward with the into -- if limitation of it. admin -- amendment is ptc, itt relitigating is simply saying if there is a technology that has been around for 20 years, and doesn't just does what we are trying to achieve me a lot of united states, why do we keep trying to develop our own multiple proprietary systems that then have to be made compatible. the process has of cou

most railroads haven't implemented ptc. many haven't started to develop the standards that they will use to implement. your argument, with all due respect, is a classic sum cost argument. we have invest ed in this therefore we shouldn't try something new or different even if it makes more sense. we should make a decision based on the facts we have today that makes sense going forward. right now they have requested three more years. three more years to start implementing a technology that they haven't even finished developing. we could go tomorrow to any major railway equipment provider in the world and buy etcs off the shelf. it is a proven technology that's been around for years. it was developed in europe. it's used across the globe and it's a global standard. >> are there significant difference into what they do and what we are looking at doing here or are doing here? >> there aren't. i think the motivation to developing ptc comes from competing interests in the united states not being willing to agree to a standard. the

federal officials say ptc could prevent tragedies like the deadly derailment in philadelphia. this week the mbta fiscal control board made progress, voting to spend over $450 million to install ptc on all commuter rail lines by 2020. the work will begin on lines extending from south station first, then work moves to lines extending from north station. the mbta says it hopes to borrow money through federal programs. inevitable? >> i think they are, but not for the post tv train control. the fare hikes are inevitable, because the t has an almost quarter of a billion dollar hole in next year's budget. >> some riders have been expecting an increase and only hope it will pay off. >> i guess it goes with the territory of what has to happen. >> this week, the mbta board only voted on the contract to get this project going. they have yet to figure out exactly how they're going to pay all that money back. in canton, kerry kavanaugh, >> elizabeth: federal lawmakers in a highway funding fight forray the next three days. house lawmakers will consider a massive transportation bill that wou

federal officials say ptc could prevent tragedies like the deadly derailment in philadelphia. this week, the mbta fiscal control board made progress voting to spend over $450 million to install ptc on all commuter rail lines by 2020. the work will begin on lines extending from south station first, then work moves to lines extending from north station. the mbta says it hopes to borrow money through federal programs. are fare hikes at this point inevitable? >> i think they are, but not the for the positive train rally. the fare hikes are inevitable because the t has almost a quarter of a billion dollar hole in next year's budget. >> the reporter: some riders have been expecting an increase and only hope it will pay off. >> i guess it goes with the territory of what's going to have to happen. >> the reporter: this week, the mbta board only voted on the contract to get this project going, they have yet to figure out exactly how they're going to pay all that money back. in canton, kerry kavanaugh, fox 25 news. >> elizabeth: a man from the dominican republic is under arrest in new h

but in the after hours, you are seeing ptc therapeutics, another maker of a drug and ser epta moving a little bit as well. the negativity of the patients testifying very passionately and include something kids who are taking the drug. take a listen. >> i walk back and forth two blocks to the bus stop. the injection sites don't bother me too much. i used to have bruises and escapes all over so what is the difference. when i go to the pool i just wear water shirts so nobody could stare. so please approve it so other kids could feel this way too. >> that was a teen-ager talking about injection site reactions. the fda is set to decide on the drug late next month. and i should mention other drug news coming out from turing pharmaceutica pharmaceuticals, the company that raised the price of their drug by 5,000%. the company two months after this happening and saying they were going to lower the price, now saying they are going to price up to 50% for hospitals. and laying out a number of other measures it says will help with affordability of the drug, melissa. >> so they raised it 5,000% an

core objective for the vcs usually to invest in operating companies and new operating companies -- ptcs -- that's one to give a boost to. these are retail investors who own the vast majority of bdc shares so that heightens would've investor concerns we have. >> thank you very much, mr. chairman and help you work with us to improve the legislation. >> the chair now recognizes the gentleman from new jersey mr. garrett. >> thanks. chair white when you here once before i open with the statement on the market to rig. let me follow up now with, as far as the coverage that you get from there? does the small investor actually know that he has no coverage with this statement? quick example. you to go invested $2000 when it came out of college in the marketplace and over 30 years now the market has caught up, i've gotten dividend payments out. i've gotten capital gains get on with do so many over the years to pay taxes and do likewise. over the last 30 years my savings this is going up and up in valley. i had taken out a $2000 i initially invested. as i understand it may sipc coverage right now w