my name is richard anderson i started on january 1 at amtrak as president and ceo following my tenure as co-ceo since last july under wetmore. previously i served over 17 years as the ceo of delta airlines, the ceo of northwest airlines and the chief operating officer of northwest airlines. previously i also served as the president of commercial businesses unitedhealth group and i would note i started as a felony prosecutor in houston texas. after 45 days on the job is the only amtrak ceo without it background with rail i have a perspective. while many may have doubted in 71 as i look at the history of amtrak there would be a growing business and passenger rail today it is and as congestion grows in major metropolitan areas in a generation millennials prefer a ridesharing to car ownership amtrak services and our infrastructure support hundreds of millions of rail transportation trips a year. but it's clear that during our 47 year history we have under invested in rail especially in aspects of the safety systems of passenger rail at amtrak has operated essentially carrying passengers r

amtrak's ceo and president richard anderson told the house subcommittee it will stop running trains on tracks owned by third parties like new jersey transit until safety measures like positive train control are put in place. it comes after two amtrak trains were involved in fatal crashes within the past two months on third party lines. railroads across the country were given a deadline of december 31st by congress to get trains and rails equipped with positive train control, the technology that can prevent an accident before it occurs. some rails are asking for extensions on that deadline, and that's where amtrak says it may stop its service. in the past 50 years more than 300 people have been killed and about 150 crashes that investigators say could have been prevented by ptc. that includes the may 2015 incident where eight people were killed and more than 200 were injured in philadelphia after a train going twice the speed on a curve derailed. amtrak has ptc on about 700 miles of tracks it owns in the northeast corridor. but they say it should be on all routes and on all passenger tr

. >>> a new warning today from amtrak's president richard anderson told a house committee that the railroad suspending service on tracks that don't have speed controls in place by december 31st. the comments come in the wake of the crash of an amtrak train in south carolina. the systems are designed to automatically slow or stop trains that are going too fast. >>> we told you in the past about amazon's big hiring events. now amazon wants some people to quit and they're offering some big bucks to do it. but there's a catch. >>> "7 on your side's" michael finney, mortgages are on the rise once again, we'll talk about how much you'll pay, coming up. >>> i'm spencer christian, we're talking about sunny skies across the bay area, no surprise there, we have more coming our >>> amazon is encouraging unhappy employees to move on with cash. >> reporter: here's an interesting question, would you walk away from your job if your job offered you a few thousand bucks to do so? hmm. that's what's happening at amazon right now. the company is offering some employees up to $5,000 to walk out the door. accor

though the amtrak ceo, richard anderson, wasn't willing to share explanation for what caused this derailment, specifically what led to it, he was deferring all of those questions to the ntsb chairman. but he was comfortable explaining to us the procedures in place when csx is the company owning and operating and maintaining that stretch of track where this crash occurred, called the columbia subdivision. the csx, one of the many host railroads that amtrak has contracts, across this country. but in this case, it was csx manually dispatches trains while signals were down on this stretch of track. >> all right kaylee hartung, thank you so much. let's go straight to the press conference now with the ntsb. >> -- columbia this morning around 10:30 this morning to begin our investigation involving an amtrak passenger train and a csx freight train. we've brought in a full investigative go team. now, the ntsb we're an independent federal agency, charged by congress to investigate transportation accidents, to determine the probable cause, and then to issue safety recommendations to keep those accident

amtrak ceo richard anderson discussed ptc is a telephone conference with reporters. >> it is important that ptc be implemented by the end of the year and that we don't give any more extensions. >> ntsb officials will hold a news conference this afternoon at 4:00 local time. >> eric: it's astounding that isn't in place right now. thanks so much. sandra. >> sandra: house intel committee chairman devin nunes in a growing showdown with democrats after the release of a memo charging surveillance abuses at the highest reaches of the f.b.i. and d.o.j.. >> people who were in the memo were the people who were most vocal about making sure the american public did not discover the corruption and the schemes that were happening with the fisa court. ♪ if you have moderate to severe plaque psoriasis, little things can be a big deal. that's why there's otezla. otezla is not an injection or a cream. it's a pill that treats psoriasis differently. with otezla, 75% clearer skin is achievable after just 4 months, ... with reduced redness, thickness, and scaliness of plaques. and the otezla prescribing info

and the federal train administration is now run by richard anderson.n delta, and he ran northwest. he's saying it has to be about the private sector approach to safety. two average derailments a month on a amtrak train. that's in recent years. so how do you -- if you want to do infrastructure, it's safety first and how does the private sector approach safety? ashley: so what happens saturday in south carolina the signal had the amtrak train go straight down the track occupied by another train. how does that happen? well, the head of amtrak says it was completely csx's fault but also the federal government by not putting this public system in place which is supposed to be across the country by the end of this year. liz: and now csx, the private freight operator saying, no, we did everything correctly. we did everything right. and so, you know, same culture of safety in animals new head of the -- stuart: it's worth pointing out that amtrak service is run by the government. freight lines are run by private enterprise and there's a huge difference in perfo

anderson. martin blackwell. cynthia dunbar. washington, jeff kent. susan hutchison. larry pac. melody potter. wisconsin, tom tribal. brad courtney good richard . richard george. thank you, susie.

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anderson. martin blackwell. cynthia dunbar. washington, jeff kent. susan hutchison. larry pac. melody potter. wisconsin, tom tribal. brad courtney good richard . richard george. thank you, susie. i would like to call upon jane temkin for the report of the proxy committee. >> thank you, madam chair. theproxy committee reviewed proxies admitted to the secretary of the rnc. the proxy committee has determined all 21 submitted proxies are in order. on behalf of the project committee, i conclude this report and moved that the rnc except the report of the proxy committee. >> without objection, the report of the proxy committee is excepted. say that aneighta agenda be sent to members of the committee. front of you is a final agenda. without objection, we well commence with the agenda. readingl dispense the at the minutes. hearing no objection, call upon the committee to approve the minutes of the general session of the 2017 rnc summer meeting. without objection, the minutes are approved. at this time, we have new members to ratify. i am pleased to announce the election, please stand when i mean you. lydia brasch to service the new national committeewo

richard blumenthal of connecticut, who serves on the judiciary committee. senator blumenthal, i'm wondering what your first reaction is to this indictment. >> i was stunned, anderson, by the massive detail, really chilling facts, and we're dealing here with real facts about real criminal action by russians, doing real harm to our democracy. and the president may choose to believe vladimir putin, but these facts are provable beyond a reasonable doubt. that's the standard for bringing this kind of indictment. and the people involved in this indictment, some of them are very close associates of vladimir putin, and they run companies that are slush funds for the russian government. so the involvement of the top russian leadership, including putin, is virtually undeniable. what we need now is those sanctions to be implemented vigorously and strongly and to send a message to the russians that they're going to pay a price for what they did. they're going to be deterred if they continue to do it as they are now doing it. and the intelligence community testified just this week in the senate that they are, in fact, continuing to do it. so that's a terrifying blueprint. >> i

richard blumenthal of connecticut, who serves on the judiciary committee. senator blumenthal, i'm wondering what your first reaction is to this indictment. >> i was stunned, anderson, by the massive detail, really chilling facts, and we're dealing here with real facts about real criminal action by russians, doing real harm to our democracy. and the president may choose to believe vladimir putin, but these facts are provable beyond a reasonable doubt. that's the standard for bringing this kind of indictment. and the people involved in this indictment, some of them are very close associates of vladimir putin, and they run companies that are slush funds for the russian government. so the involvement of the top russian leadership, including putin, is virtually undeniable. what we need now is those sanctions to be implemented vigorously and strongly and to send a message to the russians that they're going to pay a price for what they did. they're going to be deterred if they continue to do it as they are now doing it. and the intelligence community testified just this week in the senate that they are, in fact, continuing to do it. so that's a terrifying blueprint. >> i

richard, as you see these numbers down 4.22% off the high, what do you make of it? >> well, add i said the best part of an hour ago, anderson, i'm not surprised. we're in that tricky part of the day where the market closes its po books within that last hour or so. so that there was acceleration in the selling is not a surprise. we are overall and we need to put it fully in perspective. we're down anywhere between 8% and 9% now from the all-time high. the traditional definition of a correction is 10%. so we're well heading towards that direction. >> you're talking about over the last two days, friday and today? >> well, if you just take from the all-time high to where we are now -- >> which was just a couple of weeks ago. >> yes, dwre, within the last two weeks. what we're also seeing now, of course, because of algorithms, because of high frequency trading, we see considerably more volatility. just as much as we saw that volatility on the upside, so we're going to see it on the downside, which is why we are going to see these 1,000-point moves in a day, 5%. by the way, to those who are thinking about circuit breakers and i h