. >> we look back to the union pacific and how the construction of union station helped omaha's economy. >> the railroad companies of america. it was founded in 1862 with the pacific railway act. so it combined several railroad companies to make union pacific and then they were charged with building the trancescontinental railroad. so they started here and moving west at central pacific started in on the west coast and was moving east. and they met up in utah. and that's really what propels us even farther. we become that point of moving west. the gateway to the west. >> see all of our program from omaha saturday at noon eastern on c-span2's book tv and sunday afternoon at 2:00 on american history tv on c-span3. >> it was in december of 1938 that two german scientists split the uranium atom. no one had done it until late 1938 and then the germans did it. and that just fueled the fire of the fear. >> oakridge national laboratory is a major research institution and oakridge national lab has been around since right after the second world war. and is a major and perhaps in some senses the p

so it combines several railroad companies to make union pacific and then they were charged with building the transcontinental railroad that would connect the east and west coast. so they started here was moving west and central pacific started in -- on the west coast and was moving east and they met up in utah. and that's really what propels us even farther. we become that -- that point of moving west,

. >> we look back to the union pacific and how the construction of union station helped omaha's university. >> union pacific is one of the premiere railroad companies of america. it was founded in 1862 with the pacific railway act signed into law by abraham lincoln. so it combines several railroad companies to make union pacific and then they were charged with building the transcontinental railroad that would connect the east and west coast. so they started here was moving west and central pacific started in -- on the west coast and was moving east and they met up in utah. and that's really what propels us even farther. we become that -- that point of moving west, the gateway -- one of the gateways to the west. >> see all of our programs from omaha saturday at noon eastern on cspan 2's book tv. american history tv on cspan tv. >>> more now from the atomic heritage foundation with robert norris who is senior research associate for the natural resources defense council nuclear program. he tells the story of george cobal, american citizen who for ten years shared secrets with the soviet union

. >> we look back to the union pacific and how the construction of union sfagz helped omaha's economy. >> the union pacific is one oovt premier railroad companies of america. it was founded in 1862 with the with pishg pacific railway act signed into law by abraham lincoln. so it combined several rrs and they were charged with building the transcontinental railroad that would connect the east and west coast. so they started here and was moving east and they met up in utah. and that's really what propels us even farther. we become that point of moving west, one of the gateways to the west. >> see all of on our programs from omaha on saturday and sunday afternoon at 2:00 on american history tv on c-span3. >>> more now from the atomic heritage foundation with robert norris. he tells a story of george covall who for almost ten years shared atomic secrets with the soviet union. other speakers include two manhattan project veterans discussing their interactions with colleagues who were later revealed to be soviet spies. this is 50 minutes. >> why don't we infight the people who knew four of

to protect their growing transportation company, union pacific gathers up a bounty and hires the mosty force in america, the pinkerton national detective agency. >> they were a private detective agency. therefore, they weren't bound by the laws of the regular lawmen. >> bribery, deceit, nothing is off the table for the pinkertons and they are more sophisticated than butch cassidy. >> you've got those documents? >> with more men than in the u.s. standing army at their disposal, the pinkertons are set to unleash the full force of their power on butch and his crew. >> if they could nail butch cassidy, no matter how much money and resources they devoted to this, the fame of the agency would become so great that it would pay off in the long run with other jobs that they would get. and they would literally go to the ends of the earth to do it. [ gunfire ] >> without the planning and support of butch and the wild bunch, elzy attempts a heist on his own. the botched job results in a shootout. [ gunfire ] for elzy lay, the ride is over and for the who does this kinda thing online? i-i-i clicke

your newspaper, you would have found out that the first trip from kansas city to lawrence on the union pacificastern division railroad took place. the train went 46 miles to lawrence. you also would have read on may 16, 1865 that in missouri the union army was executing bushwhackers. the week before, you would have read in the kansas city newspaper and article with the title "bring home our missouri soldiers. our borders are being ravaged by the bushwhackers. another article in the same newspaper talked about the fact that there were rumors that bushwhackers were gathering in lafayette county for future attacks. on may 17, 1865, 1 hundred 50 years ago today, you would have read in the paper that jefferson davis was under strong guard. you would have read how they were constructing the trial of the assassins of abraham lincoln. you would have been reading about bushwhackers gathering in missouri and confederate troops returning home. you would have been reading about the voters. a new constitution was going to be enacted in the state of missouri. on may the 17th, 1865, there was not a firm and

your newspaper, you would have found out that the first trip from kansas city to lawrence on the union pacific eastern division railroad took place. the train went 46 miles to lawrence. you also would have read on may 16, 1865 that in pilot knob, missouri the union army was executing bushwhackers. the week before, you would have read in the kansas city newspaper and article with the title "bring home our missouri soldiers." our borders are being ravaged by the bushwhackers. another article in the same newspaper talked about the fact that there were rumors that bushwhackers were gathering in lafayette county for future attacks. on may 17, 1865, 150 years ago today, you would have read in the paper that jefferson davis was under strong guard. you would have read how they were constructing the trial of the assassins of abraham lincoln. you would have been reading about bushwhackers gathering in missouri and confederate troops returning home. you would have been reading about the voters' oath. a new constitution was going to be enacted in the state of missouri. on may the 17th, 1865, there was not

. >> we look back to the union pacific and how the construction of union station helped omaha's economy. >> the railroad companies of america. it was founded in 1862 with the pacific railway act. so it combined several railroad companies to make union pacific and then they were charged with building the trancescontinental railroad. so they started here and moving west at central pacific started in on the west coast and was moving east. and they met up in utah. and that's really what propels us even farther. we become that point of moving west. the gateway to the west. >> see all of our program from omaha saturday at noon eastern on c-span2's book tv and sunday afternoon at 2:00 on american history tv on c-span3. >> it was in december of 1938 that two german scientists split the uranium atom. no one had done it until late 1938 and then the germans did it. and that just fueled the fire of the fear. >> oakridge national laboratory is a major research institution and oakridge national lab has been around since right after the second world war. and is a major and perhaps in some senses the p

so it combines several railroad companies to make union pacific and then they were charged with building the transcontinental railroad that would connect the east and west coast. so they started here was moving west and central pacific started in -- on the west coast and was moving east and they met up in utah. and that's really what propels us even farther. we become that -- that point of moving west, the gateway -- one of the gateways to the west. >> see all of our programs from omaha saturday at noon eastern on cspan 2's book tv. american history tv on cspan tv. >>> more now from the atomic heritage foundation with robert norris who is senior research associate for the natural resources defense council nuclear program. he tells the story of george cobal, american citizen who for ten years shared secrets with the soviet union. others are two manhattan project veterans who were later revealed to be soviet spies. this is 50 minutes. >> why don't we invite the people who knew four of the spies at los alamos and george coval who was mostly at dayton, i guess, but also at oak ridge. robert

union pacific, and amtrak. metrolink ptc program is a locomotive centric overlaid system based upon the interoperable electronic train management system, a.k.a. ietms software. the buildup was completed over the past six years which includes ptc onboard equipment installed and tested on all 109 locomotive endcap part, all ways a device of ptc reduce installed and operational, robust communication network buildout and tested, and a new hard and dispatch facility for ptc constructive input into service under the project. in addition to her network of online, we're working closely with the railroad partners bnsf, union pacific and amtrak and the north county transit district to ensure ptc implementation is achieved throughout the region. we have been fortunate to have tremendous support from our local freight partners. we appreciate the many challenges to implementing ptc. most of which have impacted our program. they include prolonged nationwide development of this interoperable technology and the need for ongoin

it combines several railroad companies to make union pacific and then they were charged with helping the transcontinental railroad that would connect the east and west coast. the started here, and central pacific started on the west coast and was moving east. they met up in utah. that's really what propels us even farther. we become that point of moving west, one of the gateways to the west. >> see all of our programs from omaha saturday at noon eastern on book tv and sunday afternoon at 2:00 on american history tv on c-span3. the city of san diego requires that anyone who wants a ill weapons permit demonstrate they have good cause and good moral character. a part-time san diego resident sued after being denied a permit by the sheriff's department. oral argument in the case was heard earlier this month. this is about an hour and 15 minutes. >> all rise. >> you may be seated. good afternoon ladies and gentlemen, for the consolidated cases against san diego and county of yolo. before we begin, i want to remind everyone to please turn off your cellphone sorry don't interrupt the attorney

it combined several railroad companies to make union pacific. and then they were charged with building the transcontinental railroad. so they started here and moving west and central pacific started on the west coast and moving east. and they met up in utah. and that's really what pro tells us even farther. we have become that point of moving west. the gateway -- one of the gateways to the west. >> see all of our programs from omaha saturday at noon eastern on c-span2's book tv. and sunday afternoon at 2:00 on american history tv on c-span3. >> david shah peera appeared recently before the senate homeland committee on his nomination to the u.s. foestal board of governors. he previously served as ceo and chair of the supermarket chain from 1980 until 2012. this hearing is about an hour. >> mr. david shah peera is nominated to be the director of the postal service. under his leadership, giant eagle saw huge growth from pittsburgh, ohio, west virginia and maryland. by comparison the united states postal service continues to see huge losses and decre

it combined several railroad companies to make union pacific and then they were charged with building the transcontinental railroads to connect the east and west coast. they started here moving west and central pacific started on the west coast and was moving east and then met up in utah. that's really what propels us even farther. we become that point out moving west, one of the gateways to the west. >> see all of our programs from omaha saturday at noon eastern on c-span2's booktv and sunday afternoon at two on american history tv on c-span3. >> recently texas republican congressman and house armed services committee chair mac thornberry spoke at the atlantic council a his strategy for national security and defense. he outlined his life keys for national security success and addressed the current state of u.s.-russia relations. he also described the nation is pretty picture he perceived facing the next presidential administration. this is just over one hour. >> good morning and welcome. i'm fred kempe, president and ceo the atlantic council. and thanks so much for joining us. you al

. >> we look back to the union pacific and how the construction of union station helped omaha's economy. >> union pacific is one of the premiere railroad companies of america. it was founded in 1862 with the pacific railway act signed into law by abraham lincoln. it combined several railroad companies to make union pacific and then they were charged to building the trans continental railroad that connects east and west coast. they started here, was moving west and central pacific started on the west coast and moving east. they met up in utah. and that's really what propels us even farther. we become that point of moving west, one of the gateways to the west. >> see all of our programs from omaha on c-span 2's book tv and sunday afternoon at 2:00 on american history tv on c-span 3. >>> as you know the supreme court ruled last week that all 50 states must recognize same-sex marriage. the vote was 5-4. we are live here at the heritage foundation here in washington for discussion. scholars examine the court's ruling whether it will impact religious liberty and how the states are utilizing t

in addition to a network of phone lines we also work closely with reverent partners, nsf, union pacific, and the transit district to ensure implementation is achieved throughout the region. we have been fortunate to have tremendous support from local freight partners and appreciate challenges to implement ptc most of which have also impacted our program. they include nationwide development of the interoperable technology and the need for ongoing software upgrades. development of dispatching systems and impacts to operations and funding constraints in regard to him but schilling has been working through many challenges to secure approval of the spectrum we entered into 2010. currently metrolink is trying to follow procedures under which the wireless telecommunications bureau recently granted amtrak application. for a partnership of the frei brothers, metrolink has been fortunate to execute a spectrum from ptc to 20 llc. this enables us to meet near-term needs. however the long-term needs we attempt to acquire them. our current ptc program cost the agency $216.4 million. to put that in co

it combined several railroad companies to make union pacific and then they were charged with building the transcontinental railroad that would connected the east and west coast. so, they started here. was moving west and central pacific started in -- on the west coast and was moving east. and they met up in utah. and that's really what propels us even farther. we become that point of moving west. one of the gateways to the west. >> see all of our programs from omaha saturday at noon eastern on c-span2's book tv and on american history tv on c-span3. >>> chief financial officers talk about major financial. this wall street journal annual meeting has xhiss policy holders and regulators. finance director keith higgins. >> you're head of corporation division of finance? >> i don't have a badge. that's one thing i wanted but i didn't get it. >> proxy access, is it a great step forward for american democracy or a trojan horse that will destabilize the capitalist system as we know it? >> none of the above is an answer. look proxy access was a rule the commission adopted back to my time. the

x's and whoever on the property no one is taking responsibility creek cal says is not theirs in union pacific says it is not there. we have drugs the prostitution and the homeless stuff there. nicosia >> reporter: you can see the fans is still down. there is a homeless encampment it is smaller. >> reporter: the rear >> it, the yellow and blue indicate to which agency is a sign that unit. >> reporter: we do understand that caltran is organizing a sweet letter and the week. >> pam: if you have a story you will like to share with us and just go to kron4 that, you can submit your story under micron for story tab. >> pam:--my kron4 story tab >> pam: exxonmobil says, it has stopped oil production on three platforms. following the santa barbara oil spill. >> pam: the company says it was forced to shut them down last week. >> pam: they say the county rejected it's emergency application to truck oil to a refinery. >> pam: a santa barbara county is not an emergency. >> pam: exxon significantly cut production from three rigs after over one-hundred thousand gallons of crude spilled into the ocean last mo

preannouncement risk for union pacific and david coal is going away. >> eve within yesterday's -- >> being krisz crossed. there's an important opening that's going to take natural gas and ship it west. coal plants are such a disadvantage versus mar seles and natural gas which is basically can go given away. coal is going away. david, coal is what norfolk southern is about. when you look at the cargoes, coal coal coal has always been the swing factor. coal is going away. >> what are they going to replace it with, oil? >> i don't know. maybe passengers. oil is going down because the pipes are being crisscrossed for oil. >> pipelines are getting done. >> yeah. that's one of the reasons why the stocks keep going down because there's too many of them too. >> i thought we had areas where we had a glut where we couldn't get stuff out like pushing. >> remember the rig count is down a lot so there's not a lot of new oil coming out of the ground but the rails are a challenge. you can't make it up in timber or ag was ag is not that good. intermobile is good. that's why i think union pacific at

that's on union pacific, and only then can you put the trigger.jersey. >> caller: this is chuck. 45 from spring lake new jersey and i'd like to ask you about plum creek lumber pcl, price earnings ratio, 34% dividend and lumber is a big inflation. >> yes but i got to tell you this is the level where 4%ers are going to yield 5% because feds are raising rates. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by tdameritrade. >>> more retail investors and fewer hedge funds -- >> bless you. >> no one else sneezes on tv except for me. >> no more greek drama. could soar off this potential break through. plus maaa. >> we apologize for the verbal -- er i mean technical difficulties, we'll be back in a moment. >>> i was criticized on twitter where i am vying for world's most hated man. as i play whack control beginning at 3:45 every single morning. i want this to say whackatroll. it's a moving target. take that. >>> tonight, we're stepping into uncle jimmy's pizza. >> my staff makes me look every day, a

union pacific saying you know what? things are just okay. a lot of this is coal. the coal market is going away. you can add the coal stocks up and you don't get $10. >> there's been interesting stories about, not just the war on goal but the disappearance of coal. it's not just the administration. it's in a lot of different areas coal has been -- i the numbers are staggering when you look how many coal-fired plants are being shut down almost every day. >> nat gas is -- there are two prices for nat gas. posted price then local price. you get nat gas from the marcellus which is the pennsylvania area, it's like a buck. coal companies can't compete. utilities are switching. the epa is not backing down at all. a lot of these guys are waiting for republican administration. >> by then it will be 2017. >> forget it. it's like the war on drugs. the war on coke. is that yours? >> it's not mine. >> can yeah it? >> you can take it. >> when we come back we've got streaming news involving apple. we'll fill you in on that. former pay poll and intuit ceo bill harris whose persona

it combines several private companies to make union pacific and then they were charged with that in theranscontinental road that connects the east and west coasts. they started here moving west and central pacific starting on the west coast and then met up in utah. that is really what propels this even further. they become the point of moving last, one of the gateways to the west. >> and we are live this morning at the american enterprise institute for discussions on the unfolding debt crises in greece and puerto rico and what impact it might have on the eurozone and the u.s. economy. live coverage on c-span2 just getting under way. [inaudible conversations] .. >> it's my pleasure to welcome you all to our conference on "a tale of two debt crises: is puerto rico america's greece?." as many of you have told us come it seems our timing for the congress was pretty good trick and i need remind you current events, headlines and debates make us quite timely. we have the prospect for twin defaults come online from the "washington post" this morning of course closing greek banks weekend runs on

norfolk southern and union pacific are off 15% for the year. ouch. lately the declines slowed. now when stocks bottom they don't typically stop and do a u-turn. they go down quickly as they slice numbers. and down them endlessly. that's the story with the rails. to me with the last few days they act as the worst might be priced in soon. i say might soon be. they rallied nicely but the estimates are too high for companies. however, that may not be that rev la toir at this point. i like it. does it make sense for things to get better? oil stopped going down so three months from now things could get better. intermodal traffic may have been down because of the west coast pork debacle. that's gotten better. there was a recent lift in construction are. i wouldn't sell them if i owned them. trucking is tough. i'm not seeing a huge i provement in business. if u.p.s. is better because next might be getting better i can make a judgment that trucking might be better which brings me to the airlines. the unmitigated disaster of the group. the group that has me moster worried in this market.

the general counsel for the union pacific railroad which ironically have probably done more to destroy american culture than any institution. in the spring of 79 a reason the paper about standing there and decides is going to represent this chief and a federal courtroom for free because he is so intrigued with the legal possibilities in this case that he wants to make new law. he believes in his client's innocence and believes that he has been wronged by the federal government. it makes it makes it known that he is going to represent standing their for free. there's only one federal judge nebraska to maddie he loves to go out hunting for grizzly bears, and that's what is doing. they have to send out runners to get this judge in the courtroom to answer's some of the legal petitions that have been drawn up by the most prominent lawyer in the state of nebraska at the time. i find them bring him back. jewish people and omaha the spring of 1879 read about standing there and come out of the woodwork. you have jewish martins heading up white citizens. it's that didn't happen every week in the

. >> we look back to the union pacific and how do construction and union station health omaha's economy >> the union pacific is one of the premier railroad companies of america. .. >> see all of our programs saturday at noon eastern on book tv and sunday afternoon on american history tv. clicks live now -- >> live now to the american heritage institute. this is just getting underway. >> we are a nonprofit nonpartisan a nonprofit, nonpartisan organization conducting research on school choice issues in k-12 education. we use our research is to inform and educate legislators at the state level around the country. i want to give a special think to the whole education policy study team for hosting today's event. a good opportunity a good opportunity to share results and findings" we have been learning. where releasing the latest installment of the "schooling of america survey" survey that we have a doing for a few years now. before we get into the slide because they can throw at you acm data and it can be overwhelming, but i thought we should step back and get a better understanding of the s

. >> we look back to the union pacific and how the construction of union station helped omaha's economy. >> union pacific is one of the premier railroad companies of america and founded in 1862 with the pacific railway act signed into law by abraham lincoln and founded several companies with the pacific and they were charged with connecting the east and the west coast and they started here and central pacific started on the west coast and met up in utah and that is really what propels us even farther, we become that point of moving west the gate -- the one of the gateways to the west. >> see our programs from omaha on c-spans book tv and on cspan3. >>> up next a discussion on the barriers many minorities face in accessing higher education. this discussion from last month hosted by the u.s. commission on civil rights is about 90 minutes. >>> we're back on the record this afternoon for our third panel. and i don't know how many panelists were here earlier but i'll repeat for safe of housekeeping how we're going to keep track of your presentations. each of you will have an opportunity to s

. >> if you're going rail union pacific, but got to wait for the quarter. still go down. james in oklahoma james! >> caller: hi jim. >> how are you? >> caller: how are you doing? >> what's happening? >> caller: well i'm just kind of wanting to know what i do with this mid-april midstream. >> a lot of the midstreams are coming down be careful with midstreams, but you know what that one's got a decent yield, but i am concerned about some issues. let's stay away. don't add anymore to it dan in south carolina dan. >> caller: hey, jim, palmetto state boo-yah from south carolina. >> good barbecue what's happening? >> caller: calling about arrow electronics. >> i like arrow electronics, the stocks come down but that's okay, it's an opportunity. alex in new jersey. alex. >> caller: boo-yah jim. >> boo-yah. >> caller: yeah, this is alex from west orange. >> what's going on? >> caller: my question's on at&t. >> 5.5% yield, i know rates are bsh i want you to buy at&t. i think it's right here. neil in pennsylvania neil? >> caller: boo-yah! let's go eagles! >> absolutel

. >> we look back to the union pacific and how the construc

accesses and whoever owns the property and no one is taking responsibility bass says it is not their union pacificsays not theirs and that is where opens up under the bridge and that is where you get the drugs you get the prostitution you get the homeless up there and you can say the offense is still down people can get through. >>vicki liviakis: there are some people under the freeway there the home of a camera but is small revisited call for as a shelter for the homeless in san jose we bring these out of off to the client to understand that they're planning a sweep of that area this week in that the team from home first will drop by four to try and convince the people in the encampment to seek help. >>anny hong: if you have a story for us to look into a share with us to go to our web site www.kron4.com submit your story under the my kron 4 storage tanks--story tab. >>anny hong: he told an undercover agent he was plotting to get a semiautomatic rifle to kill as many as a thousand people he threatened to use biological weapons by coating bullets with cyanide and setting up a gas bomb he for is a l

. >> we look back to the union pacific and how the construction of the union station helped omaha's economy one of the railroad compass of america founded with the at sign into law with -- by abraham lincoln. a combined several railroad companies to make union pacific. the transcontinental railroad would connect the east and west coast. they started here moving west and central pacific started on the west coast and was in the east. they met up in utah. that is really what propels us even farther. we have become that point of moving west, one of the gateways to the west. >> see all of our programs on omaha saturday at noon eastern. and sunday afternoon at 2:00 on american history tv on c-span3. >> washington journal continues. host: ilya somin is a law professor at george mason university law school. author of this book --"the grasping hand: kelo v. city of new london and the limits of eminent domain"." 10 years ago, the supreme court ruled that under certain circumstances, it was except will for the government to seize private property known as eminent domain. explain this case. >> what thi

he could not contain himself about the ineffectiveness, and efficiency of the union pacific. what it turned into is other self-loathing that he was actually the head of this corporation that he could never, sacrificing many years of his life. so i think the differences they are not as competent. that is back to my central problem. all of this goes back in many ways to a conversation i had with my father when i must've meant 10 or 11 years old. my father was a businessman. he was a vice-president at the time. you know, probably the equivalent of an organization like this. i was eating my breakfast. i didn't know what he was talking about. he said i want you to tell me something. i want you to tell me how when you go to work and nobody, nobody can do their job, nobody knows what they're doing, nobody can give you an accurate piece of information, you cannot find an honest man, how is it that the world works? that the sun is going to set the sun is going to rise, and will do it all again tomorrow. i thought he was talking about me. because i was 10. it's also one of those questi

but the asia pacific union. it's key to world peace. japan's business community hopes to push by the end of the year. >> he also said that it's important for the corporate lead ers to promote with china and south korea. officials are getting ready to discuss restrictions on the japanese seafood. it's by the agreement and japan wants the restrictions after the 2011 nuclear accident. south korea has band imports from the eight japanese prefixtures. fisheries minister said that the south korean government approves approves. >> translator: the japanese will step up to lift restrictions as soon as possible. >> they say that the rules require the talks to start within 30 days of the request. >>> the south east country is set to open it's own boards for the first time this year. officials briefed about ten visitors from the stock trading. japan ex change group will be the supply management know ho. >> translator: everyone hopes that the stock exchange will be established. i will share what i learned on this visit with my country. >> the group

and spring preteens and young he was the general counsel for the union pacific railroad, which ironically had probably done more to destroy american culture than indian, indian culture than any other institution but in the spring of 1879 he reads in the paper about standing bear and he decides he is going to represent this ponca chief in a federal courtroom for free. because he is so intrigued with the legal possibilities in this case that he wants to make new law. he believes in his client's innocence, and he believes that he has been wronged by the federal government. so he makes it known that he is going to represent standing there for free. there's only one federal judge in nebraska, and he loves to go out hunting for grizzly bear. that's what he's doing. so they had to send out runners to get the judge to getting into the courtroom to answer some of the legal petitions that have been drawn up by the most prominent lawyer in the state of nebraska at the time. so they find him, bring him back. jewish people in omagh in the spring of 1879 read about standing bear, and they come out of t

look at union pacific down from $120 to $101. there is value presented today. >> interesting. ken, what is your take? the dow has lost its gains for the year as a result of today's action. >> the transports are obviously something you want to look at because stuff gets transported and usually do you inkling as to the health of the economy. in this case, i think it's a reflection of people's insecurity about the health of the economy. also right now, it seems like the market is totally fixated on what the medicine is going to do. any news that seems to tell us that interest rates are going to go up is not good for the market and vice versa. if you look at history, the market should want rising interest rates. if interest rates are going to rise it's because the economy is doing well enough the fed feels it's okay to raise rates. it's good news. if you look at the last two times we saw the fed raise interest rates in '94, 2004 in both instances there was a knee-jerk reaction. the market went down dramatically. it soon recovered and ran two years after that. i anticipate the same

. >> union pacific, yesterday was an ugly day. i said we can only have so many of these days before we start saying june is going to be as bad as previous junes. they were all kind of in each case something specific to blame. this one is just kind of well you know what? numbers may not be coming through. the airlines are bad. lots of rollovers in the consumer product group. technology is starting to get very weak. it's just not a good time. >> usually there seems to be a little buying mid-morning and then it dies again at 3:00. >> and then you get up and there's a greece story and france is down. we're trading off of france. we need something to trade off of. we need some sort of get out of this may last. the market as a may last rating. >> i'm sure something will come along. >> look at the ge. i thought the ge news was good. maybe ge will be up $0.38. >> maybe. >> but you should be working on something right now that you just kind of, when i get the report you're going to change your mind about x. >> i don't have anything today.

and dispatching hubs for 350 trains that traverse the area on a daily bases including from the union pacific and amtrak. metro links pcc program is a loco motive system based on the ietms software. the build out and testing of met rolinks ptc infrastructure was completed over six years which is technology installed, all antennas and radios installed and operating, a robust communication network built out and tested and a new hard and dispatch facility constructed and put into service under the project. in addition to the network of owned lines, we are working with railroad partners to insure ptc implementation is achieved throughout the region. we have been lucky to have support from the local freight partners. we aprecate the many challenges for implementing ptc most of which have impacted our program. they include prolonged nationwide development of the technology, and the need for ongoing software upgrades development of the server, relentless testing to operations challenges in acquiring spectrum and funding constraints. in regard to spectrum, met rahro link has been working with the fcc

norfolk southern union pacific hitting fresh 52 week lose today.dollar and weak energy prices undercut coal grain, metals crude oil that. led to disappointing rail traffic in the second quarter making rail volumes the biggest thing to watch in the second half. analysts expect a rough ride. the reason consensus estimates have fallen 8% over the past month. many think this will be the worst of it. volume should stabilize against easier comps in the final months of the year. if the fed begins raising rates and dollar continues to strengthen, that could undercut exports and commodity prices further that. could derail growth for railroads. right now expect softness there for the next couple of months as we head into the second half of the year. >> thank you. speaking of which, transportation, u.s. airline stocks aren't doing much better. united down about 20%. delta down 16%, american down 25%. jetblue the only one in the green. it's up more than 30%. >> the popular airline says good-bye to free checked bags. what are they thinking? southwest air is the

in addition to our network, we are also working closely with our railroad partner, union pacific, amtrak to insure p.t.c. implementation is achieved throughout the region. >> we appreciate the many challenges to implementing p.t.c. most of which have also impacted our program. they include prolonged nationwide development of this inoperateable. relentless testing in fact two operations and funding constraints. in regards to spectrum metro link has been working with the f.c.c. to have the approval that we entered into in 2010. currently metro link is trying to find the same procedure. recently granted amtrak's investigation. >> through our partnership with the freight railroads he's been fortunate to execute the five-year lease from p.t.c. this week enables us to have our near-term needs. however through long tomorrow needs we are attempting to require our own spectrum. our current p.t.c. program costs. the agency -- $216.4 million. it's equivalent to matching the entire offering budget of $221 million. the majority of our p.t.c. funding came from state and local sources. the investment h

some of the biggest losers there, union pacific was down by around 2%.nsports is seen as the leading indicator so when it sells off investors pay attention. >> an interesting day yesterday. second half of the day was disappointing in the u.s. let's talk about politics. it took a few extra weeks. congress put it's stamp of approval on a bill seen as key to moving president obama's trade agenda forward. let's get to landon with all the details at cnbc hq. >> that's right. the u.s. senate voted wednesday afternoon to pass the fast track trade authority bill. it gives president obama the ability to seek it. it must give congress 60 days to review any trade agreement. fast track authority lasts for up to six years and the vote comes as congress is trying to wrap up parts of the package including aid for workers that lose their jobs as a result of a trade agreement. the senate is expected to pass that bill soon and send it to the house where it was initially rejected. it would be the biggest trade agreement in a generation ranking with nafta in the 1990s. a do

kansas city southern union pacific, all down after several years of strong gains. the collapse in energy prices the strength of the dollar. railroads are hauling less crude oil, metals frack sand grains. that's contributing to weaker earnings. the trend is expected to continue until later this year. the transports that depend on consumer demand the parcel carriers trucking companies that should be helped. so far that hasn't happened. without stronger economic growth it might not happen. analysts expect the weakness in transports to continue. from a technical level, 8300 is a key support level strategists are watching. if we close below that the next stop could be 8,000 for dow transports. >> thank you morgan brennan at the nasdaq. let's bring in our closing bell exchange today. guys, welcome all. let me kick off with you. how worried should people be by these continual moves down in the transports and rising oil? >> i think they shouldn't be surprised by the move in transports. transports are often, as your reporter mentioned, geared to economic activity. we had a

railroad stocks leading the rally with kansas city southern norfolk southern and union pacific each up more than 1% a piece. csx is the biggest winner. that's up 3% right now. analysts say despite weak fundamentals, these stocks are getting a bounce after being oversold. the exception -- genesee and wyoming after cutting second quarter guidance on weakness cold, crude and agriculture volumes. the company won't provide and update for full year guidance until its q2 earnings call in august. >>> pafafter a lackluster first quarter, retailers are gearing up for the second half of the year. that also means the countdown to christmas, believe it or not. second half retail winners and losers coming your way next. financial noise financial noise financial noise financial noise >>> all right, folks. coming up now tomorrow on "squawk box," the showdown over president obama's trade agenda ahead of the big vote the house ways and means committee chairman paul ryan will join joe, becky and andrew at 8:15. dominic chu has replaced morgan brennan as the "market flash" person. >> not quite as pretty a

union pacific is held.ut the durable goods, a lot of that has to do with the fact the heavy equipment from the oil business. it's over. when you cut the rig count in half, you're not ordering a lot of steel or pipe or a lot of just the major mechanics that go into a rig, hence why energy transfer has to be able to do something, ete does something because that industry is going to be saved by l and g but not until 2016. >> the cfo, jamie, making the rounds yesterday. making the case for why it's a good deal to williams holders. what about the dollar which has been strong? >> the euro is getting killed. we need the dollar weaker. it's going to kill earnings. >> there was a time not long ago where the dollar getting stronger was not a good thing for the broader market. >> we can't have that. we're headed into earnings season and we don't want these guys to say had it not been for the dollar. the last oracle look at them. i know the quarter wasn't that strong. at the same time oracle never lifted and came back.

. >> we look back to the union pacific and how it helped omaha plus economy. >> one of the premier railroadpanies of america was founded in 1862 with the pacific railroad act signed into law by abraham lincoln. they were charged with building the transcontinental railroad that would connect the east and west coast. they started here, moving west moving east and a met up in utah. that is what propels us even farther. we become one of the gateways to the west. >> see all of our programs from omaha. >> the national sheriffs association has an holding its conference in baltimore this week. the group has heard from several presidential candidates. former arkansas governor, my custody, addressed the group yesterday saying that it has never been more dangerous to be a cop. governor huckabee -- mr. thompson: thank you again to all the first responders who are here. i am jonathan thompson. today is a great honor for the association. we are taking ourselves in a new direction. with that goes so many obligations, so many opportunities that we, as an association in launch oarsman, can and should -- in

keeping its first offense of keeping the homeless out then we cannot stopped faces is not there is union pacific's is not theirs and that is where it opens up under the bridge and that is where you get the drugs you get the prostitution and you get the homeless in fact dickensian defense is still down and people can get through the matter-of- fact there are some people under the freeway and the are some homes in cameras but it is small we visited home for as a shelter for the homeless in san jose would understand a couch and is planning a sweep of that area this week and a team from first will drop by first to try to convince the people in the encampment to seek help. >>mark: 50 of the store you like to share with us www.kron4.com my kron 4 story tab. >>anny hong: still ahead of how this officer comforted a little girl under heartbreaking circumstances later steph curry like you've never seen him. >>anny hong: report but candid photo shows the officer singing to law brought in so much more. >>reporter: the picture that captured the heart of police work officer was on patrol last thursday when he w

i like it do you work closely with the railroad partners, union pacific amtrak to make sure they were interoperable and worked hard to require the funds needed for the implementation of your system. i want to point out 85% of the funds used to fund the rollover from the state of california and local sources only 15% were federal. ptc is clearly a top priority for me and it really is for the american people. when the american people here that we can prevent train accidents and deaths of people by the implementation they are also frustrated that many railroad are not going to be meeting our deadline. i would like to go on record and agreed to disagree with chairman denham that i don't think we should take money from high-speed rail to pay for ptc. california has been in their budget to make sure the california high-speed rail project. we need to find money for both. i will ask mr. mathias my first question. we've heard from testimony in major part of the process is acquiring the spectrum. according to metrolink a process of acquiring spectrum has been trying and prolonged. they purchase

so csx, kansas city southern, union pacific, norfolk southern they're all down 2% or more today.happening as we get another negative weekly reading on rail volumes. much more disappointing than expected. and as several analysts cut earnings estimates again. also, keep an eye on trucking stocks. those are getting slammed, as well, following a negative analyst note from wolf research. swift transportation knight transportation, westerner enterprises all down more than 3% apiece, as well today. >> very important to keep an eye on. thanks very much. >>> meanwhile, in the autos, ford on higher ground after the auto giant announced that car-sharing program that it's launching in six cities here in the u.s. and in london. phil lebeau has details on that. phil? >> and bill i've had a number of people say to me why would ford do this? why would they launch a car sharing program? keep in mind you've seen automakers try pilot programs. and he believes solving the problem of congestion and urban mobility has to be one of the mantras of the future for ford. so they're launching this car-shari

norfolk southern kansas city southern, and union pacific all down by double digit percentages.gs season. but citi group's chris weatherby says this could be the worst of it. therefore rail stocks are likely to stabilize in the second half of the year. even if that's the case, we've got a rocky road to go here as the volumes continue to be weaker than expected. >>> disney raising its dividend to 66 cents per share. according to your next guest, the company is trying to play catch-up to time warner who pays every single quarter. anthony clemente joins us now. anthony, it's nice. it's a good move by disney. they're also going to pay out twice a year instead of once. is it a reason alone to buy the stock? or is it just gravy? >> i think it goes to the powerful point that disney has been committed to returning capital to shareholders over time. so if you look at the way disney has grown its dividend the growth rate of over 20% over the last four years. and then you put that together with the buyback policy which the companies return more than $8 billion in capital in terms of buybac

pacific. labor unions and many democrats worried the bill would kill more jobs than it created. so, it was the president's own party that scuttled his top legislative priority. today, a judge cleared a university of virginia student charged with resisting arrest in march. the image of martese johnson's bloody face called an uproar. was race the reason for his arrest? martese johnson spoke with wyatt andrews. >> i'm acstatic that these charges are being dropped. >> reporter: martese johnson's elation outside of court was very different from his anguish back during his arrest. >> i go to u.v.a.! >> reporter: on the night of st. patrick's day alcohol control agents pitched johnson face-first into the sidewalk gashing his forehead. the officers thought he was using a fake i.d., and said he was, "agitated and belligerent." >> you ( bleep ) racist. >> reporter: johnson says his i.d. was real and he was singled out for being black. you don't think this would have happened to a white student? >> no, not at the university of virginia. >> reporter: his arrest sparked three days of protest