one of the empty union pacific rock carriers is teetering on its side. you can see it right there. a wheel or axle broke off just before the train came to a stop. the fire department says no one was injured, though, and no hazardous materials are involved. union pacific is bringing heavy estimate out to right the train cars but there's no word yet on how long that will take. >>> oakland police investigators are busy trying to figure out who shot and killed a young mother. one of three shootings that happened last night. brian flores is live in oakland where police are not revealing a lot of information. >> reporter: yeah, you are right, tori. good afternoon. the only comment we received from oakland police is they continue to speak with investigators into what happened. earlier this morning, we did canvass the neighborhood trying to talk with neighbors out there and they didn't want to talk to us because they are afraid for their lives. but the shooting happened before 5:00 last night in west oakland off 28th and chestnut. the information we learned this moesh -- morning from a nei

it was a union pacific train carrying 21 empty rock cars when this car became derailed. you can see how strong the force was when it was dragged a short distance. one man working in a brick building about 100 yards away said he could feel the work place shaking. workers closer to the derailment said it was no mistaking what was going on. >> a lot of metal noise, and then you hear a crash. and we looked over the wall up here and saw the thing leaning on its side. look said like the axel broke, the springs and wheels laying all over the place over there. >> the exact cause is not known yet. one san jose fire captain says yes, it does look like the rail car did lose its wheel because one of the wheel's sections the axel and wheels are a good, i would say 50 yards away from the axel derailment. he point out that the train was traveling slow which was a good thing. it is up to union pacific to figure out what caused the train to fail. no one was hurt. right now, what we're waiting for is the heavy equipment that union pacific has, some sort of crane, perhaps, on a rail or may

. >>> union pacific is doing heavy lifting to get two derailed train cars back on the tracks. they derailed 10:00 this morning at north seventh street. initial reports say a broken axel may be the cause. no one was hurt and it is not clear when union pacific will finish moving the train cars. >>> the high speed rail authority says the long term goal is to have no vehicle crossings where the bullet train runs. a program manager discussed eliminating the potential safety threat at today's board meeting. he says the short term plan calls for moving about a dozen of 44 crossings on the peninsula. 55 crossings in the central sal valley will also be eliminated. other crossings will be phased out over time. >> there will be no crossings, zero. that is our long term goal. but we are building this project in stages. >> the authority says it will take step to address safety at crossings where it shares tracks in the early stages of the project. >>> it is a bittersweet day for niner faithfuls as fan favorite patrick willis announced he is retiring after eight years. his announcement come

. >> in japan town this morning, this union pacific train carrying 21 cars never made it through the intersection. >> looks like the axe em broke. the springs and wheels are laying all over the place over there. >> two cars derailed. you can see a massive wheel still beside the track. mofr was hurt. union pacific says the train was transporting 21 empty cars from granite rock way in san jose to the san jose rail yard when it derailed just before 10:00 this morning. councilman paula took pictures of the train saying it is proof of what could happen. which is why he wants to represent trains carrying crude oil from rolling through san jose. >> i don't want to think about what would happen if this was an oil train. imagine what those cars are. one or two cars could have derailed. you've seen in other cases, right next to beautiful homes. >> apartments are just feet from the tracks here. trace sloan considered what happened in his neighborhood today a wake-up call. >> i know not particularly on this street but there are accidents in canada and up north and we are concerned these kind of

union pacific has not bottomed yet and that is my keystone rail. it can take down any other rail because it is so well run. let's be careful out there. i'm taking all new york and going to bob in new york. bob. >> caller: hey, jim. calling about dk you mentioned this last week in one of your shows. >> yes. >> caller: so it's a good -- what's going on with oil, it's still a good buy. >> i'm looking and liking cst brands, that's the valero spinoff, i like that one more got more going for it. economic strength matters and until we see a pickup in business we'll see earnings doozys, most restaurant stocks have been sizzling hot but not all are winners. what you need to keep the hearty returns coming? don't miss my take. plus we've got tweets. go ahead and tweet your question i might just answer on air. stick with cramer. >> don't miss a second of "mad money" follow jim cramer on twitter. have a question tweet cramer #madtweets. send jim an e-mail to madmoney atcnbc.com. or give us a call 800-743-cnbc. miss something? head to mad money at cnbc.com. at m

in july of 1871, moran traveled by train to utah, where just two years earlier the union pacific and the cel pacific had linked to form the first transcontinental railway. he joined hayden's party in montana. they proceeded to fort ellis and soon entered the fabled region of yellowstone. moran worked closely with the expedition photographer, william henry jackson. together they selected the most impressive views. moran made drawings and watercolor sketches, blocking in forms and contours quickly noting the colors of the terrain and the sulfurous deposits for which yellowstone is named. back in newark, new jersey moran began what he termed his "big picture," "the grand canyon of the yellowstone." for moran, the spiritual natural and aesthetic realms should blend to create a great impression. to that end, he combined different points of view into one dramatic panorama. moran explained, the precipitous rocks on the right were really at my back when i stood at that point. yet in their present position, they are strictly true to pictorial nature. my aim was to brinbefore the public the cha

the union pacific cargo tracks came off the track. a broken axel may be the cause. union pacific is using heavy equipment to get the train back on the track. >>> san francisco could become the first city in the country to require strict new rules for soda and other drinks that have sugar in them. rob roth is in the city now with the plan and the push back. rob? >> reporter: right frank. well existing ads such as this one would be exempt, but under a current proposal, warning labels would be requires on all new soda ads. they tower over freeways, but one of three proposed laws have been aimed at the beverage industry. >> the big picture here is soda and other sugary beverages are fueling the explosion of type 2 diabetes. >> reporter: he wants the warning warning, drinking beverages with added sugar contributes to diabetes an tooth decay. >> we need to do everything in our power to make sure that people have all the information they need. >> reporter: the other two proposals would ban all drink ads in the city property. the proposal spurred a fail attempt to get the v

i think union pacific, 112 you buy some then and then at 108. i like it.s and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. ♪ >>> earlier i month i had a chance to walk and talk to the ceo of honeywell. he showed us the in flight wi-fi technology. take a look. >> this is a very ugly looking product. but it's going to allow you to be on a plane and be connected to every place in the world, via satellite. it's 100 times faster than what exists today and it's 50% less expensive. >> so if honeywell can potentially make your inflight wi-fi 100 times faster, half the cost, i think that's big deal for gogo. the number one purveyor of broadband access on airlines. the company is still not expected to turn a prft for a couple of years and it has a very volatile stock, 38.5% of the float. that's a big number to short sellers, but it's on a roll. let's take a closer look at michael small and learn more. good to see you, sir. please have a seat. i saw the honeywell version and the first

union pacific says that the train took 21 empty cars to the san jose rail yard and although nobody was hurt, this reignited the debate of trains with potentially expensive oil should go through the bay. >>> city leaders are trying something new to cut down on the cravings for sugary drinks. for proposals the most radical is to slap a warning label on alled a advertiseing for sugar drink. they say they contribute to diabetes, tooth decay and obesity. if soft drinks are banned they will be the first state. >>> and hillary clinton is finally address ding her e-mail controversy. >> again looking back it would have been better for me to use two separate phone, and two e-mail accounts, but i thought that using one device would be simpler, and obviously, it has not worked out that way. >> and the former secretary of state, and the possible presidential hopeful used her e-mail as well as the state department under one server. private e-mails were also set up and guarded by the secret service. >>> right now, we are watching the clouds intense coming into the morning. the forecast is coming up n

union pacific said 41 of 50 cars partially left the track. you can see significant damage to the cars most piled on top of each other. nobody was hurt. crews temporarily closed the stretch of highway 95 until they figured there's no threat to public safety. >>> facebook is bringing more power to its app. and landon downey has more. good morning. >> reporter: good morning. there could be more at the opening bell. the nasdaq having its worst day in nearly a year. oil prices are slicing near $52 a barrel. on concerns of saudi military offensive in yemen. could purchase from food experts in the middle east. nasdaq down 118 to 48.76. >>> facebook is beefing up its messenger app. now it will be able to turn texts into songs and make it easier to find and share animated images. users will be able to play and track online retail orders. initial partners include shopping sites, everland. >>> apple overhauling its music business. the company is working with engineers at beats to create a streaming music service. apple is also revamping itunes, taylorin

takevo --la compaÑia union pacific inform que 48 de los 51 vagones se salieron parcialmente de las viasa terminaron uno encima de otro causando grandes daÑos a los furgones....las autoridades cerraron temporalmente un tramo de la autopista 95 hasta que equipos especiales determinaron que no habia materiales peligrosos en la carretera.... juanfra en telemundo 48 somos primeros con la noticia.. nos llegan imgenes impactantes desde nuestro helicptero en la ciudad de daly city... lorena un auto se impact contra una tienda "seven/eleven"... alrededor de las 9 de la maÑana.. en el establecimiento ubicado en el bulevar hillside... juanfra a la escena llegaron los bomberos y personal de la compaña de electricidad pg&e... segn informacin oficial... el conductor es un hombre adulto quien sali herido y fue transportado a un hospital... se desconoce la gravedad de sus heridas... lorena no se han dado a conocer las causas del accidente... tampoco si se reportaron mas heridos..... lo mantendremos informado tan pronto llege ms detalles a nuestra sala de redaccin. juanfra --- el caso de la mujer en val

. >>> in san jose, a union pacific railroad train has derailed interrupting vta bus service in the area. two empty cars went off the tracks around 10 a.m. near the east taylor and north 7th streets area. the area was blocked off. crews are at the scene trying to upright that car. nobody was injured in that accident. >>> and this stolen pickup truck was pulled out of the oakland estuary this morning. nobody inside. it was draining water as a tow truck prepared to take it away. the truck was found around 5 a.m. east of the fruitvale bridge. once authorities run the plates, they realized it was stolen. still investigating how that truck got into the estuary. >>> and there is new information today on the hit- and-run death of an oakland jeweler. it turns out the geo prism that struck and killed is he lest howell was stolen. she was hit as she crossed pine street in oakland on saturday afternoon. investigators found the abandoned car but aren't saying where. if you have information call oakland police. >>> the hunt continues for an inmate who escaped last week. police think the man suspected

we have heard that union pacific rail company may have to send out repair crews before the rail car can be removed from the intersection. >>> thank you, david for that news. after a eke of keeping her silence, former secretary of state hillary clinton is finally speaking out about doing government business on a personal e-mail account. laying the ground work for a big expanse and what is being done to secure the future for a big company. >> our camera is show how foggy it is and when that will burn off with meteorologist mike nicco >>> cleanup will take six hours after a tanker with fuel overturned on a major east coast highway this morning. it happened on interstate 95 not far from washington, dc. the closure caused backups of five miles both directions of the freeway remaining closed while crews clean up 400 gallons of spilled fuel. >>> hillary clinton is expected to take questions this afternoon about using a private e-mail account for business when she was secretary of state. the associated press reports that she will field questions after a speech at the u.n. in new york. the democ

cesar ---esta maÑana se descarril un tren de la compaÑia union pacific en pleno centro de san jos.ake vo ---el incidente se report antes de las 10 al este de la calle "taylor" y la sptima norte. ---se desconoce qu provoc que dos vagones vacos se salieran del carril. ---los bomberos acudieron junto a un equipo de materiales peligrosos en caso que se produjera derrame de combustible. ---no se registraron heridos. topvo cesar ---la policia de milpitas investiga el robo de mas de 800 computadoras... ---el hurto ocurrio el pasado uno de marzo en la empresa "kingway l-l-c" ubicada sobre la calle "pecten" no muy lejos del "montague expressway"... ---segun las autoridades, el equipo robado tiene un valor de unos 240 mil dolares... ---de acuerdo a testigos los ladrones subieron las computadoras a dos camionetas tipo van de color blanco... cesar --la polica de san francisco sigue buscando a los sospechosos de asesinar a dos jvenes ayer en el estacionamiento del parque "crocker- amazon" take vo ---las victimas fueron identificadas como "donzel gaines" de 19 aÑos y "kenyatta butler jr" de 18.

union pacific is handling the clean-up. >>> a hawaiian airlines plane on its way to honolulu was forced to return to oakland international airport after the pilot spotted a technical problem. this was shortly after the flight landed back in oakland. the pilot was still too far from hawaii so the crew decided to burn some fuel before returning to oakland. the passengers continued their journey on another plane. >>> in san francisco's richmond district el camino del mar is closed between 27th and 28th streets right now because of a sinkhole. officials tell us the small hole formed because of a failure of an early 1900s sewer line. officials hope to complete emergency repairs tonight maybe tomorrow at the latest. >>> still ahead, the heartbeat of the 49ers defense has come to an end. >> i gave this game everything i had. >> linebacker patrick willis makes it official, why he is hanging up his cleats in his prime. >>> plus -- >> that's really what i think life is about. we're put here to make this world a better place. >> coming up, lots of hugs plus a big surprise for the man known as the

the union pacific railroad train consists of two empty gravel cars went off the tracks maring traffic. no one was injured in the derailment was described as minor. as the 1030 this morning you pacific officials were sending heavy equipment to the right the train's cars and get them back on the tracks. >>pam: >>reporter: all of this was recently pulled out of this homeless encampment in san jose. police said that they received numerous complaints about the encampment. a local business older that did not want cameras said that the allied dead drug deals have been performed in that area. advocates say that the people need help and not to be removed by police. however officials said that this is private land in the encampment is illegal. three people were picked up on outstanding warrants. police also found a stolen vehicle on the lot and authorities said they will start the hallway the items soon is not claimed. this center of the terisa estacio on kron 4 news >>pam: a three-point magnitude earthquake was reported this morning in san leandro. according to the u.s. geological survey the q

. >>> two empty union pacific train cars derailed in san jose just before 10:00 this morning. near east taylor and north 7th street when either a wheel or axle broke on one of the cars. the area had to be blocked off to traffic while crews got the cars upright. no one was hurt. >>> thousands fire back at facebook. the feeling fat emoji fueling a major fight over body shaming. >> and the writing's on the wall. how this jilted (scal): good day, m'lady! i am sir-can-a-lot, here to save you from another breakfast bore. wake up those eggs with glorious spam! see what spam can! do... at spam.com >>> your water bill could be going up big time and not just because of the drought, either. kpix 5's ann notarangelo tells us water conservation is drying up revenue at local water departments. ann. >> reporter: it's likely we are going to see water rate hikes across the bay area as even more likely now for east bay m.u.d. customers after the water district highlighted the extent of the water shortage. >> almost all our watering is done with recycled water from the bathtub and the kitchen an

and union pacific has a lot of fracking sand. that's why people are tepid on union pacific.d coal. coal was going down. these are all happening at once. there's a gigantic pipeline that's opening natural gas to the chicago area and that's going to really hurt coal. one of the few pockets of coal still being used is the midwest. >> what's up tonight? >> we're handicapping. we're going to do some -- everyone else is doing the ncaa. we've got it. we've got your brackets. you're going to love it. it's going to blow your mind. >> i'm going against that. if you go with kentucky, what's the point? everyone has kentucky. it's like going to the racetrack to get $2.10. not for me. stay tuned. >> can't wait, jim. we'll see you tonight at 6:00 p.m. eastern time. when we come back, breaking news on home builder sentiment. don't go away. sometimes the present looked bright. sometimes romantic. there were tears in my eyes. and tears in my eyes. and so many little things that we learned were really the biggest things. through it all, we saved and had a retirement plan. and someone who liste

cowan downgrades union pacific. ksu, kansas southern reported this week, negative numbers, that was the peso they do a lose of business in mexico brings autos and also have oil that comes all the way down. union pacific has fracking sand. people are forgetting that fracking sand is down huge okay? they have a lot of metals that are shipped by train. those are bad. this stock needs to stop its decline before we can really get this thing going because you've got the airlines coming down. i'm worried about march traffic. gasoline going higher. and you're losing the rails. i saw a number trim for norfolk southern, this is also coal. the coal industry sold to you, going away. the iron ore industry sold to you, going away. these are things that led the bull market in 2008. iron ore and coal and fertilizer, that bull market predicated -- also copper -- history. history. >> cliff's natural. >> how is that doing? that stock has come down from 2008. >> yes, it has. yes, it has. what is it -- i don't -- actually the airlines,

i want to highlight union pacific, up by 3.2%. pital markets wrote a note saying that the kansas city southern -- excuse me universe of it is the pacific rails and that canadian rails actually have some of -- of side -- have some upside. something to consider if you are switching between the different rail companies here. that: when you think asu, i think about my bracket. scarlet: kansas state. everyone else's thinking about kansas city southern and your think it about university. matt: you are not in the bracket? scarlet: i do not know much about ncaa basketball. and while i run -- i realize there is no necessity for that to flat out the bracket. matt: nothing. scarlet: my think right now is the badgers because jamie, my producer is an alum. matt: i'm going with kentucky. you don't have kentucky. olivia: no, i've got wisconsin and the sinners. i the only one. -- and the sooners. i'm the only one. matt: the dax is down one full percent. olivia: the story in europe overall is that equity markets have been ripping and crossing 7000

brender tiene mas.. 0.1 0.7 0.25 0.45 cesar ---esta maÑana se descarril un tren de la compaÑia union pacifictake vo ---el incidente se report antes de las 10 al este de la calle "taylor" y la sptima norte. ---se desconoce qu provoc que dos vagones vacos se salieron del carril. ---los bomberos acudieron a la escena junto a un equipo de materiales peligrosos en caso que se produjera derrame de combustible. ---por fortuna no se registraron heridos. cesar --muy pronto... su bolsillo se podra ver afectado si es que usa mucha agua... y es que al sur de la baha residentes podran ver un aumento de ms del 30 por ciento en sus tarifas... roll en vivo stinger take 2 box --pasamos en vivo con sandra bermudez quien hoy habl con los encargados de esta propuesta y nos tiene la informacion... live cg from the field live bug sandra live live bug sandra live studio cg cesar ... lleg el momento de hablar de las condiciones del tiempo... y para ello pasamos con nuestra compaÑera lucrecia borchardt quien nos cuenta cmo estn las expectativa para la nueva temporada de primavera... take vo/cesar ---diagnostican con

more successful than the peers, except the railroad where buffett compared his own company with union pacifiche competitor. it can be excused because of the brutality of self-registration he saves for this berkshire hathaway subsidiary. they can't challenge him, nor could the lawyers who keep a lid on everything as to what he has to offer at any other place. while buffett reports to the shareholders they really in actuality report to him. he is as they say in the law sui generis. they wouldn't have been able to keep the job for nearly as long as he's had it, which brings me to the interesting line of thought. if we were to have -- wow, i'm going to say, it will get me in trouble, looser corporate governance, in we were to let the good guys like buffett stay on longer, if we were to treat them would our businesses be better run? why isn't it a template? do we believe that there's one buffett, is the oracle of omaha truly that unique? something goes awry in the corporate world if we can praise him and yet everyone else feels shackled into being nothing like him. so few try to emulate the model

. >> union pacific. >> no one knows what to do with them. they got an upgrade. they put a buy.oes very well in this environment. they have pricing power. 114 to 122 is the range and you don't need do anything more. >> raymond james. >> upgrade. stock is catching up. it might make that $22 level. >> dupont down. >> all on rejection of nelson peltz being a member of this board. the stock was off of those highs of $80 a share. pushed it down again. another name where i think opportunity on pullbacks. >> up next in case you haven't heard it's march madness time and when it comes to the stock market, several stocks clock in as top performers during the famed tournament. why you should be betting on stocks not your bracket after the break. later it's bean rough week for shares of coke but the options market saw some bullish activity. a look at the action next. >>> college basketball's march madness tournament kicks off tomorrow and by the time april 6th rolls around there's one winner. same isn't true for stocks. cnbc.com chairman has crunched the numbers. joins us now with stocks th

as for what's falling most today, specifically we got union pacific falling after several analysts downgrades. con-way also fears we're going to see earnings growth weakness in the first quarter, and jetblue airways, and this is not the component of the dow transports, but genesse and wyoming cut last night, falling lower. meantime, end of the session, dow transports looking at your date, down 5%. this is really key. if we close below 86.50 today or coming days, michael mentions that's a key level and we'll see transports continue to fall potentially to 8300. guys, back to you. >> thank you very much. >>> chaos in yemen, saudi arabia begins air strikes there against rebels trying to overrun the country, and reports of a ground operation in the works as well. is this going to turn into a wider war? a former u.s. ambassador in the region will join us. you need to hear what he has to say. >> yes, as we head out, though the ten s&p sectors at this hour. biggest loser, discretionary, the biggest gainer is telecom. we're back in two cme group can help you navigate risks and capture opportunities. w

they will face off at union pacific depot in salt lake city on may 15th but will they really throw punches. there is no way. >> here's the deal if they do fyi, he is a former heavyweight champion of the world. >> right. >> he made mike tyson look like a girl. tyson had to bite his ears. would you get in the ring with a guy like that. >> absolutely not good there is no way he can hit him. how can holyfield hit romney he will get down like that, one pun much, just the shoulder. >> one jab and he is out. >> fun to watch though. >> great cause. >>> coming up she has been missing since new years day but police in south jersey believe they have a break in this case roller contact crippen's mother in law may have had in her disappearance. >>> battle over sports bet nothing new jersey head back to court today. we will have a live report straight ahead. person who stabbed a ice crime vendor on the campus of lasalle university, how the victim is nothing a live report. >>> plus sports betting battle fight to legalize sports bet nothing new jersey head back to court today and what it means for gambler

union pacific, they got hit with a downgrade today. sent the stock really. i'm nervous about the airlines for a variety of reasons including weaker traffic in march. because of what feels like a slower travel environment. the biotechs got hammered. they had an anemic rally mostly because of sel aregene and gilead. i don't trust the group. i think we saw what amounted to a panic low. we may need to revisit it. and the generals going over the top during the week which i said was a bad sign they were hideous today. amazon netflix and tesla. these aren't the leaderers we want. remember how i feel about tesla. love thor car, not the stock. bottom line. the central question today wasn't why didn't we rally big. it was wie did we sell off more. the answer because there was enough good news for the market to stop being ugly even as there was enough bad news to keep a little things every time the averages tried to break into the black. i'm starting with david in michigan. david. >> caller: boo-yah, cramer from michigan, a nice place to be from in the winter. >> we ar

they face off at the union pacific depot in salt lake city, on may 15th. >> i know what is happening here, they are stepping in the ring because they will be slap boxing. you no way, because there is in way you are going in there and will fighte vanner holy feel. >> i bit mitt romney by the his other ear off. >> lets take flight. >> an eagle takes world record for highest flight just how high off the ground he was when he took off and at macing bird eye view of dubai. >> don't forget about our empire viewing party the the party starts at 7:00 at miss tootsie's down there on south street. we will see you at 7:00 and two hour finally for this season is 8:00 to 10:00. >> can't wait. ♪ ♪ caress presents a fine fragrance breakthrough. ♪ ♪ the world's first body wash with fragrance release pearls. touch your skin to release fragrance up to 12 hours. new caress love forever. for an unforgettable fragrance up to 12 hours. >>> doll shot of the city sky line. >> speaking of sky line dubai has an amazing sky line this eagle they took an eagle up to one of the highest point in the entire region,

they have a face off at union pacific depot in salt lake city may 15th. good luck romney. >>> coming up, two temple football players have been suspended after they are involved in the police investigation. we will have a live report. battle over sport bet nothing new jersey head back to court today, what it means for gamblers in the garden state. live report from steve keeley i saw a commercial that said you can save $500 by switching to progressive. that was me, mom. [ laugh ] i thought you said "that was me, mom." [ laughter ] trouble on north broad, two temple football players arrested ape release on $10,000 bail what they are accused of doing off campus to another student. >>> ice cream delivery man stabbed at a local campus and police are trying to figure out if the a attacker was a student, how victim is doing and how search for suspect so far. >>> she's been missing since new years day but police in south jersey believe police in south jersey now believe there is a break in the case. the roller contact crippen's mother in law may have had in her di

union pacific, i sold it on the news. when i saw kansas pacific go. >> it was a trading move.ls had a good run. >> i saw the new panama canal. i visited it a few years ago. i love the rails. maybe the high 90s. >> stocks have been taking a beating. right? usually the safe haven of bonds. bonds are acting weird too. could bonds be in turmoil? what would it mean for you and your portfolio? we'll tell you in a few minutes. you don't want to miss it. ♪ >> time now for your marching orders. we know for the equity markets, it will be tough. five days in a row down. also, watch the bond market. we have the series -- economic data may be too weak. yesterday the five note auction. least demand since july of 2009. sending those yields higher. ten-year saw a move in yield. big speak at the end of the session today. we know things get tough for financial markets. there's no better safe haven usually than bonds. stocks have been under pressure. why are bonds going down? why are yields going up? has the fed also lost control? these are questions we want to talk about before we let you guys

a union pacific train traveling through san jose derailed yesterday morning. luckily, no one was hurt. >>> first, the golden gate bridge. now the bay area's other bridges are also considering all electric tolling. a live look right now at that bay bridge as traffic starts to pick up a little bit. there could soon be no stopping and no person collecting a toll there. bay area transportation leaders decide today whether to hire a consultant to study the benefits of moving to all electronic tolling. here also is a live look at the golden gate bridge where fully automated toll collection went into effect a couple years ago in 2013. golden gate officials consider that move to be a success. >> south bay cafe suddenly closed after law enforcement raids that caught customers by surprise. "today in the bay's" bob redell live there where police say illegal gambling was just the tip of the iceberg. >> reporter: san jose police and the fbi put a year and a half into investigating south bay vietnamese cafes for alleged illegal gaming before finally making their move last n

. >> drop for union pacific, down 2%. grasso? >> rail's been under pressure.75. wait a couple of more days and see if it holds that low. if you want to get in, use that as your stop. >> coming up next on "fast money," just one more company can move on to the second round in our "fast money" madness tournament. tonight, the matchup between apple and hewlett-packard. the battle is on right after this break. we're reinventing inhow we do business, so businesses can reinvent the world. from pharmaceuticals to 3d prototyping, biotech to clean energy. whether your business is moving, expanding or just getting started... only new york offers you zero taxes for 10 years with startup ny, business incubators that partner companies with universities, and venture capital funding for high growth industries. see how new york can grow your business and create jobs. visit ny.gov/business because it helps me skip the bad stuff. i'm good. that's what i like to call, the meta effect. 4-in-1 multi-health metamucil is clinically proven to help you feel less hungry between meals. e

take a look at some of the other railroads taking a beating, union pacific, norfolk southern.y oil, of course, as it continues to rise two days in a row, we haven't seen back to back gains for crude in almost three weeks, and with that, that too pressures railroads. the truckers, the shippers, the airlines, the whole transportation index. so that certainly is underperforming the broader market, cheryl. we see the dow higher by a quarter of 1%. as i mentioned, the transportation index down 1.7% right now. cheryl: all tie into the dollar which we're going to talk about right now. nicole, thank you very much. the dow and the s&p are in the green today, but investors were seeing red last week when the markets fluctuated between gains and losses. and there could be a cheaper and really more profitable alternative to u.s. stocks abroad right now. looking overseas, emerging asian markets are showing signs of life. could bring back some green into that portfolio of yours. jack avlin, private bank chief investment officer joins me now with the perfect international combination, and sco

i notice union pacific just recently has been giving a big boom of how good they are on the tv. and i'm hoping that we can figure out a way to get that together, because, you know, when people march, it doesn't do any good to march and stand in front of the trains, we talk about incidents, that's how they get created. so, i just -- it's important to me, as a public official, besides being on a board, to figure out how to help my city. and the transportation industry at the same time. >> right. right. how can communities and railroads get along better, right? >> yeah. >> everybody should be good neighbors to each other. but, look, i mean, i think it's important to remind communities that those kinds of resources will tend to make their lives better. easier, more efficient. help them take care of their families. it's really important to remind the folks coming in that you know, the community is supposed to be their partner not just someplace they blow by at 70 miles an hour and wake everybody up in the middle of the night with a horn. i feel like i'm giving political advice. but t

government started subsidy to railroads to the west the union pacific and that's when he started getting corruption. my take is that america would've been railroaded without any government subsidy and, indeed, there's a famous case of the great northern railroad built by an entrepreneur that went up on the northern route near the canadian border completely unsubsidized, they successful. the railroads would've got built without any government subsidy. the railroads to the west probably got built faster because of the subsidy. as i said there was i don't think it was necessary into being a bad policy because the federal government have this mass amount of land. it could get rid of it give it away to individuals or businesses like railroads and that may be not a bad result to i would rather that result in the federal government had attained -- retains all the land land. >> there were lots of things where for instance, there are constraints like certainly lots of places around the world if you want to pass a checkpoint into one country to another you're going to have to pay a bribe. it would

and it was called credit oba cull lay corporation that the union pacific acquired so they could have the advantages of the legal aspects of corporate limited liability. >> guest: right. >> host: richard, thank you, sir. >> guest: i thinko your story about integration is actually really helpful. we made as a society a really strong concerted push to integrate, really start neglect mid to late 1960s. brown versus board of education, the decision that says segregation is inherently unequal, that is 19534. we didn't really try to integrate until the mid-1960s. by 1968 richard nixon is elected. by 1970 at the realizes he can win votes by scaring whites by talking about integration. so the talks about slowing integration in the south, starts campaigning against forced busing. was the issue busing putting school children on buss? no. people have been putting school children on buses constantly. the issue was the integration the busing was designed to achieve. in the 1970s conservatives started to square white. s. what do liberal does? er we're losing and we're going to back away. so both fa

i am talking about union pacific, csx, and canadian pacific railway.ly the most vulnerable to ks you's announcement -- ksu's an nouncement. perhaps this is a canary in the coal mine. alix? alix: i'm here with bloomberg bonds reporter and head of growth equities. and portfolio manager. the big sector movers of the day. you have consumer shares rising the most of any group. tiffany's jumping. energy shares also rising along with oil. transportation shares dropping after kansas city southern dropping revenue growth. that's what pharmaceuticals said. the therapies help patients breathing less. speaking in new york a few hours ago. a rate increase is warranted by the end of the year. but is june still on the table? >> we are going to assess the data as it comes in, evaluate challenges and changes. it gives us more optionality. alix: is the global economy ready? what do you think? is it ready for a higher u.s. interest rate? >> if you look at the asset classes, those that do well are among the cheapest they've been in history. alix: utilities do better in a

throughout the west where freight trains had to change engines and passengers had to switch from union pacific to central pacific trains or vice versa traveling east to west. you can't go anywhere without coming to ogden town leaders posted. during prohibition al capone said ogden was too rough for him in. scowcroft's father managed the family business and he was close to his father and mother by all accounts happy and active childhood the youngest of three children and the only son. with his sisters being four in seven years so but he was some ways an only child. acknowledging you never heard his parents fighting he commented the experience growing up gave him a distorted view of his fellow humans. what do these pleasant stories and nice family photos have to do is scowcroft is an air force officer business consultant and senior statesman? what they convey is how secure scowcroft was growing up, secure material, secure socially insecure psychologically. he had no status anxiety in other words and i wasn't because of a sense of deprivation or other contrarian things that motivated him to leave

and they pass the union pacific railroad act and revise it in 1864 in order to give people -- get peopleto the fields in the west but also into the mines, both in california, of course, but also nevada which opens up in 1862 and in montana which opens up in 1864 with a gold strike. they want to get people out there producing because they need the money. that those people are going to produce. they need that production. they also need the taxes that they are going to impose on those people to pay for the war, because that is the piece of people tend to forget about the republicans during the civil war is they invent our first national taxation. we do not have taxation in america at the national level until 1861. the previous wars are paid for differently. if anybody cares, i can tell you how. you can consider sales taxes they are not, but close enough. they create what is going to become the irs. because for a number of reasons but because they have to pay for the war, they are desperate to get money to pay for the war and because they believe that paying taxes into the union is going to

government started subsidizing to the west the union pacific and that's when you started getting corruption. jay talked about the scandal as an example of the corruption. my take is that america would've been railroaded with any government subsidy. indeed, there's a famous case, the great northern railroad built by an entrepreneur that went up on the northern route near the canadian border, completely unsubsidized, very successful. a railroads would've got build without any government subsidy. they probably would've gotten built fast because of the subsidy. there was i don't think it was necessarily ended up being a bad because the federal government had massive amount of land. they could get rid of it give it away to individuals or businesses like railroads and that may be not a bad result. i would've rather the result in the federal government had retained all the land. >> let me follow up on a related issue, things are second best try to do -- there's lots of things where, for instance, to our constraints of supply. lots of places round the world if you want to pass a checkpoint into one

government started subsidizing railroads to the west, union pacific, and that's when you started getting corruption. jay talks about the scandal of the corruption. my take is that, you know, america would have been railroaded without any government subsidy and indeed, there's a famous case of the great northern railroad built by a entrepreneur that went up on the northern route near the canadian border completely unsubsidized, very successful. the railroads would have got built without any government subsidy. the railroads probably got built faster because of the subsidy and as i said, there was -- i don't think it was necessarily ended up being a bad policy, because the federal government had this mass amount of land it had to get rid of it, it could give it away to individuals or businesses like railroads x that's maybe, you know, not a bad result. i would have rather that resulted than if the federal government had retained all the land. >> let me follow up on a related issue which as an economist, we often talk about things that are second best. so there's sevenly lots of things wher

railroad operator union pacific the shares are on the rise.s after the analysts of a quarry updated the shares from a neutral site evaluation given their underperformance. they did lower their price to $132 a share. it was $134. there you can see other rails in trade today. back to you. >> is there a crack in the brick? >> many are calling for her impeachment impeachment. michelle caruso-cabrera with more. >> there was nearly a million people who tripped through the streets calling for tim peachment of the president. she is facing a wave of discontent over the stalling economy and the massive scandal involving the state controlled company. a draft investigation has led to racketeering and others. to give you a sense of just how much money may have been stolen one third tier when arrested immediately offed to give back $100 million which he had stolen. it's now unclear what the true value of petrobras's values are regardless of what easton theon the books. they could pour billions or face some kind of restructuring as well. moving on to another

that's why when you take a look at shares of all the railroad companies today, you look at union pacifician companies, canadian pacific and canadian national railway, they're plunging lower in sympathy on kansas city southern's cut guidance as well. back over to you guys. >> all right. morgan brennan, thank you very much. on that coming up we're going to reveal which cute animal but they really all are, is riding a surf board. great pictures coming up on the way. plus, it is time for a new season of "secret lives of the super rich." robert frank is here with a preview. >> on most shows you're going to see lamborghinis going around racetracks. on "secret lives" you see lambos going around a track groomed in ice and snow. we'll show you that coming up. the lightest or nothing. the smartest or nothing. the quietest or nothing. the sleekest... ...sexiest ...baddest ...safest, ...tightest, ...quickest, ...harshest... ...or nothing. at mercedes- we do things one way or we don't do them at all..uthorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. ♪ ♪ ♪

send them up union pacific, no different than making them in detroit exist costs are nothing. $5 a dayaper than china. cheaper to build in mexico than china, $5 a day new york pollution controls. >> and closer. >> no boats. >>> banks are in focus today. final result of the fed's annual stress test due after the closing bell. jpmorgan, citi group among the big u.s. banks expected to win fed backing to buy back additional shares. odds on who does best who does worst? >> the market's placed a bet that bank of america, made a mistake last time is going to be good. i thought peter, i worked with him for a long time in "new york times," an interesting piece about the city and mike corbat. citi's a winner too. i think corbat is to be celebrated because he took the worst and made it into pretty good. >> an interesting story how they bulked up derivatives while others have chosen not to. >> but booked to capital. >> they are. but it's an interesting strategic choice that citi has made conceivably. all of the other institutions you're seeing investment banking lagging, to a certain extent not as

east, thousands of miles built in east with government subsidy, government subsidizing railroads, union pacific and that is when you started getting corruption. a talk about the mobile air scandalize example of corruption. my take is america would have been railroaded with out any government subsidy. there is the famous case of the great northern railroad built by an entrepreneur that went up on the northern route near the canadian border completely unsubsidized, very successful. the railroads would have gotten built without any government subsidy, but because of the subsidy, as i said there was -- i don't think it was necessarily a bad policy because the federal government had a massive amount of land, had to get rid of it. give it to individual businesses like railroads and that may be not a bad results. i would rather that result in the federal government had retained all the land. >> on a related issue we often talk about things that are second best and do with the distortions. there are lots of things where for instance there are constraints like certainly lots of places around the world d

union pacific's down 8% norfolk, csx, this is reason transports are having a terrible time of it downe season for earnings warnings and the good news is that the street is absolutely obsessed with the earnings situation. there is an earnings recession going on and everybody, particularly analysts are aware of that. and the result this is the good news taking down numbers very aggressively. look at this where we are right now. energy, that is not a typo 63% decline in energy earnings for the first quarter. that's where we're at right now. we're going into earnings season next week. but 5 of the 10 sectors are down. it's not just energy. materials, utilities telecom, consumer staples are expecting negative earnings growth. this is all happening recently. energy's happened for a while but the rest happened recently. what's going to happen now is the analysts are going to overshoot, they're going to be too negative and i think that you're going to see very interesting numbers. put up what the s&p is expecting now. expecting down 3% for the quarter. i think analysts will overshoot. i bet y

typically, what happens is the rails have had a lot of different -- union pacific, this gives you a chance maybe to buy it. but they're in fracking. talking about how fracking sand has just decreased dramatically but, of course the wells themselves are using more frackingfrack ing ing sand because they're going after high gradient. this is a convoluted way of saying production is so not peaking. >> the two words you just mentioned, if you're interested in oil at all, high grading. high grading is basically going after your most productive and cheapest cost of production, so you shift from over here to your best wells, and that's what we've seen, so people are getting greedy. that one's at 35 bucks. let's just move it over here. >> right. the saudi arabia news is very negative. although no one really expected them to blink. it just comes out that nigeria is going to add no imports into this country. mexico's fighting for share. canada's fighting for share. gasoline not going to go up. >> there's a goldman sachs note saying, you know how they word these things, they said there's a downside r

i notice union pacific just recently has been giving a big boom of how good they are on the tv. and i'm hoping that we can figure out a way to get that together because, you know when people march it doesn't do any good to march and stand in front of the trains, we talk about incidents, that's how they get created. so, i just -- it's important to me, as a public official besides board, to figure out how to help my sfecity and the transportation industry at the same time. >> right. how can communities and railroads get along better right? >> yeah. >> that's an age old question, right? everybody should be good neighbors to each other. but, look i mean you know, i think it's important to remind communities that those kind of resources will tend to make their lives better easier, more efficient, help them take care of their families. it's really important to remind the folks coming in that, you know, the community is supposed to be their partner. not just, you know, some place they blow by at 70 miles an hour and wake up everybody in the middle of the night with a horn. and so you k

he says burlington northern underperformed versus union pacific. he's not just saying that.talked about how he blew the tesco investment. i mean this guy is just basically saying i am so not good. i bought -- i bought dexter for $440 million. i had to write it to zero. it belongs in the guinness book of records for the worst financial disaster because they got stock and they ended up with $5 billion. this is just masterful. >> yeah. and of course, a lot of focus on the letter in terms of his successor. >> right. >> 84 years old. >> munger. >> looking good on five cokes a day, had strawberry ice cream even this morning. that diet may be the new one to keep you going. >> interestingly, that munger is the one that mentioned these two, and they don't see each other's letters before it's published. they don't change anything. >> again, he did not tell us. >> my friends who are in the insurance industry he is the king. if you take a look there's so much about insurance and how great the insurance business is and how the deals that he makes. no one wants to make the deals that he m