union pacific knew about the spots supposed to do something to fix this obviously they did not trying to find out what happened clearly in any community and not acceptable for trains travelling through to fall off the track and crushed to lovely people >> representing the family of the victim's wife and husband crushed under the weight of coal and collapsing the viaduct already the railroad has cleared away the twisted steel coated in a temporary bridge to be open to the rail line less than 48 hours after wednesday's derailment but in the process lawyers for the victim's family alleged the union pacific also destroyed crucial evidence. damage already done i know union pacific was try to get back into the court to have it modified apparently they believe moving a couple of things one place to another more important than finding out the truth of what happened >> spokespeople mentioned how hot it was my dad had something to do with this >> trains are not supposed to fly off the tracks and crush innocent people >> union pacific telesis chicago tribune anything can be considered evidence m

union pacific says the train that derailed pile up the cars led to the collapse just rebuilt last summer following a train derailment 2009. victims from yesterday's disaster. >> possibility as the crew continues to the pile always possible standby as we did yesterday. dealing if this occurs. >> police say he is the likely cause could have expanded at the trails leading to the derailment investigation could take months. >> amazing story. still coming up learning more about why rep. jesse jackson jr took his leave of absence from congress. >> rooster without knots. >> using colorful words to attack former united states attorney housing commissioner william beavers takes and and not backing down a congressman joe walsh ebel sound on controversial remarks about military service. ot sfilodour with hotwire's low prices, we can afford to take an extra trip this year. first boston... then san francisco. hotwire checks the competitions' rates every day so they can guarantee their low prices. so our hotels were half price. ♪ h-o-t-w-i-r-e... ♪ ♪ hotwire.com ♪ crworanother statement today office of

the over 100 carts union pacific railroad trains derailed when the heat buckled on the tracks the call was being transported from wyoming and it dumped onto the couple's car as a went by ... this is where the couple lived a development, princeton village ... we spoke to a neighbor he saw the couple riding their bicycles with one of their four grandchildren ... they had two children of their own ... the news we are getting a cook county judge has issued a stop work order here on the scene of this viaduct ... we sought trains travelling over head the managed to open this but the judge wants to preserve the rubble to give the family a chance to survey the situation the heat and severe weather may have caused part of a building to crash-down onto several people in melrose park... seriously injuring two kids. the facade at the top of a building at 1-36 and 1-38 broadway collapsed around four o'clock yesterday. a nine year-old boy and and a seven year-old girl suffered head injuries, and are being treated at loyola university medical center in maywood. witnesses say they heard thunder and sa

not sure they have everything they wanted out of the meeting tonight union pacific officials told them it was the extreme heat on july 4th and the heat alone that caused cars carrying coal to derail off of the tracks shermer road extreme way to of those cars on the bridge caused the collapse. cars bunched up bridge collapsed, couple of things >> 200 residents came to plant broke north high school for answers train officials admit employee noticed something wrong with the tracks made a telephone call to lift >> called the expert to have a second look. his thought it was safe to operate. also tonight attorneys for the burton and zorine lindner family wants investigation even though federal railroad administration commissioned >> 100 degrees in chicago the issue rail inspection hot on the minds of all of the people in the industry what could be more important to the community and then traveling no railroad not about to go off the tracks another point brought up time and time again tonight fear of going under bridges northbrook glenview area residents are afraid train going by they should

union pacific says it will take about two days to clean up that mess. the rail line is not used by chicago commuter services. >>> today in sanford, florida, george zimmerman will learn if he can once again get out of jail. zimmerman faces second-degree murder charges in the death of 17-year-old trayvon martin back in february. a judge revoked zimmerman's bond when prosecutors accused him and his wife of hiding donations raised on a website created for his defense. a bond hearing on the issue last week played out like a mini trial. >> it was done to hide the money so that they could deceive the court, lie to the court. >> it is not the grand conspiracy that the state seems to suggest. >> zimmerman's defense attorney says his client acted out of fear for his family's safety. the lawyer says zimmerman poses no threat and stayed in contact with law enforcement during his initial bail release. >>> 4:49 now. firefighters hope to have a raging wildfire in colorado fully contained by the weekend. calmer winds and higher humidity are helping crews gain control o

union pacific and vf corp where i saw spectacular revenue growth. saw great revenue growth in wireless. that had been bad. want to call out that today's winner may be the most sub rosa winner i've seen in all time. apple. qualcomm talking about strong demand. skyworks strong demand. it's all about apple and q 4 iphone bill but if you mention apple you lose the business. >> you follow these conference calls closely. >> yes. >> what did we see in terms of commentary about europe? many people watching google tonight after the bell? it's not just currency translations given the weakness of the euro but also the business there. ebay has a lot of business over there but they seem to come through it okay. >> merchandise business in europe was very good for ebay. people expected horrible. honeywell okay. honeywell yesterday, dave says just five years of just flat line yet they said they can make some money. over and over i'm hearing the following which is that we're not doing that well in europe but it's not enough to bring us down. ppg this morning taking

>> families are now accusing union pacific of negligence. le was killed when the train loaded with coal came off an overpass and crushed their car. it's the same derailment on this section of track in years. union says the week's high temperatures may be to blame. >> our investigative teams are still working on the final cause. >> i guess union pacific wants us to believe that if it's 100 degrees out, if it's a really hot day, that doesn't make any sense to me, doesn't make sense logically to anyone. >> for now, union pacific has ordered not to remove any more evidence from the scene, as multiple inspections take place, possibly leading to a wrongful death lawsuit. >> thank you, kai. the bridge that gave way was rebuilt in 2009. >>> well, it's every swimmer's worst nightmare. paddling out in the ocean and coming face to face with a great white shark. but that is what happened to a man in massachusetts. experts say this hot summer weather will bring more sharks closer to shore. >> reporter: cape cod. every kayaker's worst fear. you see walter

try union pacific.y hit a ten year high after profits jumped by 39% in the first quarter and with business still chugging along, is it a sign that strength for a broader u.s. economy? >> joining us for his first tv interview since taking the reigns, celebrates igoining in verse pi. >> this company created in 1862 and you folks have been listed here at the stock exchange since 1860. >> you only get to do that once. >> exactly. >> how is business? >> business is good. >> counter intuitive with the rest of the economic data we're hearing. >> a lot of noise in the economy about whether or not we're sliding back, but we're not seeing that. we manage to offset soft core loadings. flat with volume. so we're seeing the other components do quite well. which do you thi >> do you get a sense that we're near the bottom of the cycle versus perhaps this in the middle of the cycle? >> absolutely. for one thing, it's very hot outside but we he have seen an uptick in our car loadings. >> where are you seeing strength? t

union pacific officials said an employee responsible for maintenance called a track inspector to check out the area.. but the inspector didn't arrive before the derailment. railroad officials blame the derailment on extreme heat that caused a kink in the rails. defiant gang members appear to be sending a message about crime-fighting efforts on the west side. police say they vandalized officer's personal cars outside a police station. wgn's amy rutledge is live at the 10th district station in the lawndale neighborhood with the story. amy: >>police confirmed between 10 and 15 cars were vandalized overnight ... these are officers personal vehicles and not their scorecards there were attacked with graffiti and scratched ... there were in the east and the west lots of the 10th district ... the mayor announced last week that this is a target for a gang and drug crime-fighting initiatives we spoke to people around the police station many said more needs to be done we spoke to a storeowner that was robbed at gunpoint a few weeks ago he agreed more people need to be out on the street ... >>they

picture before 2:00 this afternoon near willow road and sherman avenue, pulling call along the union pacifich had repairs to mate -- made to it last year also collapsed in the accident. >> it appears the bridge broke under the cause of the derailment coming and not by itself. that is something they're looking at right now. that will take a couple of days to sort out. >> the investigation is still early. it could be at least a month before the road it reopens. nobody was injured. how long will the hot weather stick around? tom has a look at had. >> over 51,000 record days on the books, only 19 have been as hot as 102. the hottest fourth of july in every century. and the heat is not done. there will be released this weekend. it will we get much-needed rain? >> that is coming out. >> navy pier is where the action is. we are alive with more fireworks. do you ever wish you could make some things just disappear? ♪ ♪ [ ping! ] [ ping! ping! ] that's why i use new tampax radiant. it helps keep my period invisible, combining tampax's best-ever leak protection with a revolutionary resealable wrapper s

all of us are in shock >> the couple's son that has filed a wrongful death lawsuit against the union pacific railroad accusing the company of negligence. the 138 car train hauling coal was one of 500 freight trains that travel through the chicago area each day >> the fatal heat that blanketed the chicago area and the midwest has abated. not before 18 people in the chicago area died from heat stroke or heat stress. the mayor has requested an after action report which will examine how city departments coordinated to deal with the extreme temperatures. despite the cooling centers and well being checks for the elderly is a spokesperson says the effort was not a success because people lost their lives. >> preparations are underway for the taste of chicago which starts on wednesday. police superintendent revealed his it security plan for the event today. he also defended his strategy against a rising homicide rate >> as preparations are underway... he says it does apartment will have adequate manpower just like last year. but he has a warning for those who have trouble on their agenda... stay away

abraham lincoln started union pacific back in the day. they operate in 23 states. it's a railroad company if you weren't aware. they have 4500 jobs and 20% of their new hires have been military veterans. we found this company is a good representation of an all american company. you don't need a degree for most of these jobs. you can work the rails, be an electrician, be a diesel mechanic. some of the positions that they have available now. >> pretty good pensions as well we point out. we heard about that. yeah. firehouse subs. this was started by some firefighters? >> right. firehouse subs, there you go. and they are -- they got 515 restaurants across the country now but they're expanding and finding that the concept is really good. they steam their subs. they have a steaming method and another reason that they're a good american job, 99% of the ingredients are grown here in the united states of america. they grow everything here pretty much organically. cashiers, general managers and 16 new locations they're building out right now and yeah, these guys were brother

a union pacific spokesman says the accident happened around 2:00 in the afternoon.oppled, creating a pile up that lead to a bridge collapse. crews were out to dispose of a small brush fire. ian pacific is investigating the cause of the derailment now. good news for firefighters battling blazes out west. the fire in colorado springs is now 80% contain. the cost of fighting the fire is now estimated at $57 million. wildfires also sparked up in wyoming. we have a problem like that here -- we have not had rain in a while. >> we do have some thunder storms that finally moved through in the past few hours. the weekend in intensity. -- they have weakened in intensity. look at republic beach. they had fireworks out today. -- rehoboth beach. temperatures made their way into the 90's. he and humidity. temperatures in reagan national tied the record set in 1919. our average for the day is 80 degrees. the daytime high today was 100 degrees in quantico. 99 in manassas. 97 in winchester. now is 89 at the airport. look at winds kicking off, 9 miles per hour. 17 mile per hour winds

more than 30 cars of a union pacific train carrying coal from wyoming to wisconsin went off the railsing a bridge down with them. no one was hurt but the city and railroad face a major cleanup job and also reconstruction. south florida, there's been a wave of protest over what happened to a young lifeguard who helped save a drowning man this week. he was fired. our cbs station, wfor tv in miami has the story. >> this is the lifeguard stand where tomas lopez worked until monday that's when he was fired after he saved a man. >> they told me a man was drowning. i didn't see them. i started running towards the direction. >> here's the problem. the person in trouble was beyond this sign that says swim at your own risk. lopez ran from his guard tower past the sign and down the beach to help. the concern? what if there was an emergency in his patrol area while gone. the sentinel reported the company that employs him, we have liability issues and can't go out of the protected area. what he did was his own decision. he knew the company rules and did what he thought he need today do. >> i think

a 138-car union pacific freight train hauling coal in illinois.bridge collapsed, sending several cars tumbling below. no one was hurt in the accident. >>> timeout for the grossout portion of the show. it stars joey chestnut, the still-reigning champion of the hot dog eating contest on coney island. he had 68 hot dogs in 10 minutes. >> the woman's winner, sonya thomas. she broke her own record, devouring 45 hot dogs. congratulations to them both. >> love to see their bloodwork after that contest. >> she only weighs 100 pounds. >>> let's turn to real sports and holiday highlights from america's pastime, courtesy of espn. >> i'm jorge andres. david ortiz, sitting on 299 career home runs. not anymore. see you later. his 400th career bomb. he was the sixth player to hit 400 wearing the red sox uniform. celebrating with his boys. bottom of seven now, tied at 2-2. another former red sox, coco crisp. keep to right center. one-hops the wall. he has wheels with a triple on that one. and the a's have something going in the seventh. next batter, weeks, single

while a federal investigation could take up to nine months, union pacific says extreme heat may have caused the track to expand. >> officials decided to let the fire burn out. they say the burning ethanol poses no environmental or health concern. in chicago, mike to ben, fox news. >> a big change at the 9/11 anniversary ceremony. asked not to speak at ground zero and why families are angry with mayor bloomberg coming up and she was attacked. what happened the moment before the attack when we come back. >>> this is fox 5's news edge at 11:00. ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection. >>> divers finally raised the yacht that capsized on the fourth of july. three children were killed when the boat flipped over. 27 people were on board to watch the fireworks. investigators will examine to see if it will provide any clues why it was capsized. >>> a woman recovering after she attacked a vicious attack from a group of raccoons. she was walking when the dog saw o

union pacific has threatened to stall the project is close to reaching a deal. some peninsula opponents say they are close to settling a court battle. >>> in san francisco supporters of free muni for low income use are planning a rally before the transportation planners meet to vote. the metropolitan transportation commission allocated four million dollars to support the pilot program and san francisco supervisors approved another $400,000. the project will need near five million dollars to get the free muni for youth program going. >>> time to check the weather. mike has been telling us if you like the heat you going to love today. >> what time did you turn your air conditioner on eric? >> about five minutes before i got home. [ laughing ] >> smart man. good morning. it was a very hot day inland and it will be worse today live doppler 7 hd showing absolutely how dry the air is this morning. the let's talk about how it is going to change tomorrow and through the weekend with you can see orange that spot of very dry air sitting on top of us. some green to our sou

union pacific says it will take at least two days to open the rail line. >>> a blue lobster captured off the coast of atlantic city is quickly becoming a huge spectacle. toby, the rare blue american lobster was lowered into the tank tuesday at the national aquarium in northwest d.c. visitors are already clawing, get it, for a chance to catch a glimpse of the 1 in a million catch. >> toby? >> toby. >>> it's hot and sticky, sound familiar? we're in for another day of extreme heat when howard returns at 4:39 and he'll tell us when high temperatures are expected to climb. >>> driving to your holiday destination has become easier thanks to a certain mobile device. >>> our region's recent stormy weather has raised several security concerns about the nation's infrastructure. >> keep it right here. we're back with weather first in two minutes. >>> it's 4:39 on this thursday morning. it's kind of muggy out there with the 70s and even low 80s now. it will be a hot day. already by noon, highs around 100. could be a storm late this afternoon but even this evening, we'll have a few storms around.

union pacific shut down train service soon after the fire broke out at 5 this afternoon. the track reopen 2 hours later when the fire was contain no. word yet on what caused it. >>> warrior head coach jackson spoke publicly for the first time today about a blackmail plot against them that stemmed from app affair with a strippe stripper. jackson also and/or detained minister spoke today at warrior press event. he defened himself against charges that he was creating a distraction. >> not at all. we have 3 great draft choices and we are excited about those 2 guys. never ab distraction to this organization. >> coach jackson contain ask you how your faith played a part in dealing with everything going on right now. >> i'm a man loving god all my life. i'm extremely blessed. >>reporter: former stripper adams and her alleged come police shaw are accused of going after jackson for thousands of dollars in exchange for keeping nude photo of him private. warrior owner joe lake said the organization supports jackson 100 percent. >>> emotional case of man accused of beating a priest w

a spokesman for union pacific says they were hauling 138 cars full of coal from wisconsin to wyoming and no one was hurt in the accident. >>> aphorist of july parade takes a horrible turn when a flag bearer is hit by a car. it is caught on camera and we do warn you on this thursday morning especially this early what you will see the pretty disturbing. home video capturing the frightening moments of the man walking and this is at a parade being plowed right there by a pt cruiser. >> and i heard an engine rev and i was -- the guy carrying the flag gets hit by the car. the car that hit him kept going down the road. >> all right, police believe the 87-year-old driver of the pt cruiser had a heat streak and lost consciousness while behind the wheel. despite the graphic video you see how bad this is. police say the man carrying the flag he is expected to survive and be okay. >>> well, a florida lifeguard is now looking for a new job after doing his job. rescuing a drowning man from the beach. tomas lopez left his designated zone monday saving the man who was struggling in an area where lif

union pacific shut down train service soon after the fire broke out at 5 this afternoon. the track reopen 2 hours later when the fire was contain no. word yet on what caused it. >>> warrior head coach jackson spoke publicly for the first time today about a blackmail plot against them that stemmed from app affair with a strippe stripper. jackson also and/or detained minister spoke today at warrior press event. he defened himself against charges that he was creating a distraction. >> not at all. we have 3 great draft choices and we are excited about those 2 guys. never ab distraction to this organization. >> coach jackson contain ask you how your faith played a part in dealing with everything going on right now. >> i'm a man loving god all my life. i'm extremely blessed. >>reporter: former stripper adams and her alleged come police shaw are accused of going after jackson for thousands of dollars in exchange for keeping nude photo of him private. warrior owner joe lake said the organization supports jackson 100 percent. >>> emotional case of man accused of beating a priest w

union pacific shut down train service soon after the fire broke out at 5 this afternoon.pen 2 hours later when the fire was contain no. h. >>> warrior head coach jackson spoke publicly for the first time today about a blackmail plot against them that stemmed from app affair with awith a str stripper. jackson also and/or detained minister spoke today at warrior press event. he defened himself against charges that he was creating a distraction. >> not at all. we have 3 great draft choices and we are excited about those 2 guys. never ab distraction to this organization. >> coach jackson contain ask you how your faith played a part in dealing with everything going on right now. i'm i'm a man loving god all my life. i'm extremely blessed. >>reporter: former stripper adams and her alleged come police shaw are accused of going after jackson for thousands of dollars in exchange for keeping nude photo of him private. warrior owner joe lake said the organization supports jackson 100 percent. >>> emotional case of man accused of beating a priest who he says molested him as a child i

the union pacific railroad is trying to figure out what went wrong. >> and switching gears now to letou know about the threat of fog, it's not stopping thousands of people from heading to san francisco to watch the big fire works show tonight. they're going to be two locations sending rockets into the air not the best places to see fire works in the areas from fisherman's wharf to aquatic park. abc 7 news joins us live with more. jonathan? >> and this is getting crowded and music is starting as people start to fill the amphitheater here. it's significantly more crowded than just an hour ago. we've got camping tents and blankets and jackets here because it's a little bit chilly here and there is getting a little bit packed. people have to jockey for a view. how do you get the best view? that is easy. >> with chairs and umbrella, you've got the best seat in the house. >> i do. >> this pays to get here early. >> there are people coming here since the 6th grade. >> getting out of the heat is a vacation. >> what to do with 10 hours left before the fire works start? >> sleeping and reading,

. >>> union pacific is celebrating its 150th birthday.esidesraising bond money they got millions of public land. the first rain tranfrom the east coast to -- train ran from the east coast to the west coast. >>> still to come, how a non- profit group made this happen. >> and another cool day, will the trend continue? mark tamayo has the complete bay area forecast. . >>> a judge cleared the way for the oakland zoo to expand. they filed a lawsuit to block the zoo from developing 54 acres in the hills. the zoo wants a new hospital, camping area and new exhibits. they tried to stop the development, there is no word if they will appeal the ruling. >>> this is the time of year where we have two summers. sunshine on the east bay hills or fog by the ocean. >> heather counted the drizzle this morning. >> i did. wasn't nice. >> sorry about that. we could have more drizzle with the fog increasing, back in the forecast tonight and monday morning. live camera, all the over cast out there and san francisco way out there in the distance. as far as the sa

accident it is not clear at this point if anyone was in that car a freight train hauling coal on the union pacific tracks derailed near willow and schirmer avenue yesterday afternoon 30 of that train's cars jumped the tracks and the bridge over schirmer avenue caved in workers are removing the cars and installing temporary tracks to get trains moving again schirmer avenue will probably be closed for one month in and with more than 100 arrests is now being held in connection with a spree of pickpocketing on the cta redline 50 year-old christopher brown was arrested monday after the chicago tribune reported to similar pickpocketing incidents to police they were able to identify him on cta surveillance cameras he is now facing charges for felony theft and resisting arrest people are still searching for three other suspects the chicago public school system has found a way to save $144 million to amend officer is working out better deals with local agencies and vendors those new contracts could save the cps more than $30 million the district saved another 11 million with technology upgrades the cps als

union pacific says it's going to take about two days to clean up the mess. the rail line is not used by chicago commuter services. >> a nuclear reactor back on line in japan. it's the first to be restarted after the tsunami. all 50 were shut off. officials say the situation at the fukushima plant has stabilized but it will take decades to safely decommission it. the area around that plan remain off limits because it is a health hazard. >> next tuesday virginia officials will take part in an emergency drill to test response to a radiological emergency. the results will be released on july 13th. >> police say a man who may be known only as jason may know more about a sexual assault in georgetown. d.c. police are looking for the person of interesting connected to the saturday night attack. the person of interest is a black man about 40 years old, about 5'9" and had on a brown t-shirt with the words "fight club" on it. detectives have not said if this man, possibly made jason, could have been a witness or possibly involved in the attack. if you have information,

yes, that was the union pacific train going past behind me. maria will be back tomorrow with a special interview with cries teen la gardlagarde. friday's rally underabable to c over. will the latest round of soft data give the fed more room or perhaps more incentive to act? plus we knew the economy could be a problem for president obama's re-election hopes and now a key group that supported the president four years ago may be thinking twice about another turn. details of a surprising new study straight ahead. >> here's how we look. s&p 500 up about 31/4 and nasdaq up 16. >> now i see where the train whistle was coming from. /4 andq up 16. >> now i see where the train whistle was coming from.1/4 and nasdaq up 16. >> now i see where the train whistle was coming from. >> at least he didn't jump off the balcony like spider man on thursday. >> you get all the fun down here. today does mark the first trading day of the second half of 2012. and all three major averages are trading higher. but it's certainly been a bumpy ride along the way. >> so the

union pacific has threatened to stall the project is close to reach ago agreement.nsula opponents say they are close to settling a four year court battle over the bullet train line. >>> in san francisco, supporters of free muni rides for low income youth are planning a rally -- the commission has allocated four million dollars to support the pilot program and san francisco's supervisors approved another $400,000. the project will need another five million dollars to get the free muni for youth program going. mtc committee deadlocked on recommending additional funding last month. >>> if you can take transit today that might be a good idea to help spare the air. >> let's check in with mike. >>> just lay inside with the air conditioning all day and not drive, mow and all those other things that help spare the air day. doppler showing how dry it is this morning. if you look at the water vapor imagery we are looking at how much moisture is in the air the drier the air more the -- the more orange. you can see how things are rotating around us clockwise that's the high pre

union pacific which threatened to stall the project by withholding some of its property is close to anpeninsula opponents say they are close to settling a four year court battle. >>> house republicans are set to vote against today to repeal president obama's health care law. gop lawmakers are criticizing the 2-year-old law as a threat to the nation's economic recovery and predicting some democrats will join them. even if the repeal is approved in the house it is not expected to pass in the democratic controlled senate. most of the law was just upheld by the u.s. supreme court. democrats say republicans have not comp with an alternative. >>> -- have not come up with a good alternative. >>> today president obama will meet behind closed doors with democratic congressional leaders to focus the plan to extend the bush era tax cuts. >>> meanwhile, mitt romney moves to houston today he will talk economics before the naacp the nation's oldest civil rights group. the black organization has largely supported democrats. romney hopes excel -- hopes he can sell a message his policy would be better

union pacific. i went over union pacific's quarters, because i'm pathetic and that's what i do on sunday. monster month. they called out timber at union pacific, timber because of a strong housing market this. will mean nothing today because it's $117. when i was at my hedge fund, there's 117 worth of points. can i blow that out. wow, i need capital. always people will need capital because people always positioned wrong and they go after the high-dollar stocks. it's a stupid game. ppg does incredibly good things last week. people take the stock up and what did ppg do, i forget? >> it's a glass half empty kind of market. you took a look at the u.n. and take a look at the buying of rail america and people are saying it's because they feel the pressure. rail carloadings of coke was lower and they have to diversify their portfolios and that's why they were pushed into the deal that. may be the fact of the matter. today in a market environment like this, they will interpret it in a negative way. >> two s

union pacific, wh an amazing company.bout cars as being a huge driver of rail traffic, enough to offset the decline in coal. csx said the same thing earlier. why don't we know this spaebl with the possibility they could build 14 million cars in 2012? this is obscure because gm and ford are so international. the international businesses are disasters. you can't see the strength through those markets. we don't want ford or gm to pull back from europe or latin america. that would be stupd. u.s. ford, 15 bucks by now. gm, just u.s., 25. what can i tell you? domestic security. second housing. how strong is it? even the most wildly consistent housing plays are working. witness whirlpool. remarkable. it's tough to recommend standard pacific after these runs. that doesn't mean you can't pounce at the right moment. listen, toll dropped from 28 to 23. pulte sold off. you have to -- yeah, that's right, pull the trigger. we have a developing housing shortage. i can't believe i have to say it. but it's true. these are the guys with th

a 138-car union pacific freight train hauling coal derailed wednesday afternoon in northbrooke, illinois the road below. thankfully no one was hurt. >> a mountain climbing accident in california claimed the life of a "wall street journal" reporter who covered extreme sports for the newspaper. michael yrabba fell to his death. experienced climbers frequent the area because there are no marked trails. >>> as we reported here yesterday, the fourth of july is actually the deadliest day of the year on american roads. so many factors contribute to the dangers. just north of new york city in fact, police say a tour bus driver was apparently going just a little too fast on the fourth when his bus went out of control sending two dozen people to the hospital. more now from abc's ron claiborne. >> reporter: the bus returning from a casino in connecticut crashed into a guardrail. 24 passengers were injured. >> it could be any number of reasons. it could be speed, it could be wet pavement. >> reporter: one of what will likely be hundreds of accidents on america's roads. more americans die on the road

. >>> plus, riding the rails with the ceo of union pacific celebrating 150 years today. >>> but are fallingening to derail the red-hot stock? >>> as walmart turns 50, we'll debate whether the absence of unions is the true secret to the success. all and that herb here at the new york stock exchange. but first, sharon epperson with the cooling trend in energy today. sharon? >> it is but we are looking at oil price that is are off of their lows of the session and pares lossing as worries of of iran impact the market. traders saying it's a wait and see situation but the parliamentary committee is drafting a bill to stop oil tankers going through the strait of hormuz, those saying they'll abide by the eu sanctions. how that plays out remains to be seen but many including investors at the investment firm at goldman sachs saying now we could see iran oil exports down to 1 million barrels a day and that's a drastic change of many anticipated and could rival seeing last year of libya. >> thank you very much for the update. >>> well, we have got herb back with a double dose of disaster today. >> liqu

some of the metrics out of union pacific this quarter not too terrible. that's good news.n you have the likes of citi's mike might hav mayo. >> morgan stanley isn't the bank it was that we knew five years ago. the capital requirements are pitching in all sorts of ways and the compensation numbers have to come down. we will see they cut about 7% of the workforce and the issue of the joint venture with citigroup which is the point of great conflict right now. >> last night after the bell morgan stanley saying it was about 9 billion, citi saying worth about 22 billion, and citi making an 8k filing saying if the appraiser looks and finds it to be closer to morgan stanley's valuation we could take a charge in the third quarter. that's an interesting valuation gap. the banks have a hard time overall, especially in the low interest rate environment, those margins, they're deadly. they're deadly. you look at the note from richard ramsey at goldman and he thinks margins will come down further in the third quarter and they're lending at rates that are low and borrowing at rates more

union pacific tells cnn there are no injuries. >>> and today another car bombing targeted a largely shiite an outdoor market. and in separate attacks in baghdad, gunmen killed two police officers and employee of the iraqi parliament. a series of bomb blasts killed at least 36 people across iraq today. and there are new calls to exhume the body of one-time palestinian leader, yasser arafat, to confirm or deny suspicions he may have been poisoned. he died after a sudden illness in 2004. in a report broadcast on al jazeera, a doctor revealed new tests detected the poisonous radioactive substance in ar fat's toothbrush and clothing. >>> meanwhile, a race for congress in the state of illinois is getting really nasty. one candidate says her opponent is a loud mouth. wait until you hear what he says about her service. fighting in the war in iraq. >>> and michael bloomberg goes for a record number of hot dog puns in a single sentence. but he isn't very happy about it. ♪ ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chose

when union pacific says business is unbelievable away from coal, when bf corp comes on we'll be speaking about international, it is strong. then you look at the multiples, apple after qualcomm after skyworks you say wait a second. not only is there no place to go again quoting barry but also companies selling nine, ten, 11 times earnings and doing everything right, so is it right to be glum? well, it's right not to be so negative after what these companies are doing. >> you are an alpha deliverer daily. not one day a year. >> he's wearing a wire. >> i like delivering. i mean, these guys -- there is a guy that has better than expected subpoenas. amazing the number of subpoenas delivered right now. good second half. >> yeah. i didn't realize there would be so many of you in the audience. should have brought more subpoenas. >> thanks, jim. see you in a few minutes. >> okay. coming up we'll get some final thoughts from our guest host after the break. tdd# 1-800-345-2550 the spx is on my radar. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 and i'm on top of it all with char

. >> this union pacific is having a remarkable year. remember, the rails do matter.as been doing very well. fedex, remember the big disappoint with fedex? the stock is higher. i'm pointing these out because to stay negative has not been a great bet. not been a great bet. >> short coal stocks has probably been a good bet. >> it has been. >> if it continues, i don't know what the coal situations look like in china. i bet they've got plenty of it. >> one of the great ironies this year, we try to shut down coal plants which then causes too expensive maybe to continue to build some things in our country. so then the chinese threw globalization, they pick up these jobs. they can pollute. whatever they want. that's okay. we're worrying about greenhouse g gases. they can't produce enough. there was a manufacturing survey came out about one of the fed reserve divisions last week. they talked about the loss of jobs. sewing and cutting was the biggest decline over the last 20 years. these are jobs that went to china. >> right. >> where they can pollute the heck out of the world

union pacific! today was the 1 -- they were founded in 1860, 150 years in business.re, as you can see. they are hiring. 23 states, 4500 jobs. 25% of their work force is u.s. veterans. so they are definitely one of the top patriotic companies that we pick today. >> great. that's a lot of jobs. now you have united health services. >> ok. so one of the things i found interesting, you know, the health care decision last week with the supreme court. we were concerned about hospitals because they would have taken a brunt of the cost issues with the decision if the mandate was thrown out. it wasn't. the stock jumped. they are hiring. 1400 open jobs right now. again, 38 states. clinical roles, you can do it. be a nurse, medical professional. and they are expanding into behavioral health. there's a big need for like substance abuse, counseling, things like that. they're actually opening up more and more facilities and got into this as a new business, the c.e.o. was on fox business telling me about that. >> let's talk about molly maids. >> this is cleaning. they have 1,000 job