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Apr 29, 2024
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remember, that's the combination, and csx we'll start with norfolk southern at the end of january, we told you about the company but the stock might be ready to bottom because it got hit on a disappointing quarter. i also said it might be a good place for an activist to target. later that same night, "the wall street journal" reported that in cora holdings had taken a stake and planned to launch and put his own site of directors on the board. something every major player in the industry has gotten. we saw from union pacific. norfolk southern doesn't want to go there norfolk southern announced and last weekend expectations. when you look under the hood, the numbers aren't good. total revenue is down 4% 10% decline in hold. plus we're elevated over the margin i like the ceo who was on earlier this evening but i think both sides have compelling arguments in this fight. just this morning, the influential proxy adviser board of nominees. i prefer a railroad which cuttings against norfolk southern but they have their reasons and i am not a railroad man. however, i am someone who knows what
remember, that's the combination, and csx we'll start with norfolk southern at the end of january, we told you about the company but the stock might be ready to bottom because it got hit on a disappointing quarter. i also said it might be a good place for an activist to target. later that same night, "the wall street journal" reported that in cora holdings had taken a stake and planned to launch and put his own site of directors on the board. something every major player in the...
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Apr 18, 2024
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let's get to morgan brennan with the ceo of csx hey, morgan. >> that's right. joining me is joe hinrichs the ceo and president of csx joe, it's great to have you on i'm going to start right there with the fact that you put up a quarter that was better than expected, but perhaps most notably as we have seen this impact from the baltimore bridge collapse, we have seen things like bad weather that have affected the broader freight industry you're reiterating your full-year guidance, what gives you the confidence to do that? >> yeah, thanks for having us on we're building momentum. we saw sequential improvement quarter over quarter on the cost side of the business and there are key segments, chemicals, autos, strong demand for export of coal, so we're staying with our original indications for the year which was single to mid digit revenue and volume growth. we didn't deliver that all entirely in the first quarter, but we see strong activity in the second half of the year but building momentum with our customer base. >> i do want to talk about the baltimore port imp
let's get to morgan brennan with the ceo of csx hey, morgan. >> that's right. joining me is joe hinrichs the ceo and president of csx joe, it's great to have you on i'm going to start right there with the fact that you put up a quarter that was better than expected, but perhaps most notably as we have seen this impact from the baltimore bridge collapse, we have seen things like bad weather that have affected the broader freight industry you're reiterating your full-year guidance, what...
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Apr 3, 2024
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tonight, csx , holy cow. setting up a special route from baltimore to nyc after the francis scott key bridge collapse. i'm learning more about that and safety for the rails. then the small-cap stuff has been on fire as of late. i'll tell you the details. from blenders to vacuums, shark ninja has a place in your home. should have a place in your portfolio? i will talk to the ceo. you've got xfinity wifi at home. take it on the go with xfinity mobile. customers now get exclusive access to wifi speed up to a gig in millions of locations. plus, buy one unlimited line and get one free. that's like getting two unlimited lines for twenty dollars a month each for a year. so, ditch the other guys and switch today. buy one line of unlimited, get one free for a year with xfinity mobile! plus, save even more and get an eligible 5g phone on us! visit xfinitymobile.com today. not all caitlin clarks are the same. caitlin clark. city planner. just like not all internet providers are the same. don't settle. you want fast. get
tonight, csx , holy cow. setting up a special route from baltimore to nyc after the francis scott key bridge collapse. i'm learning more about that and safety for the rails. then the small-cap stuff has been on fire as of late. i'll tell you the details. from blenders to vacuums, shark ninja has a place in your home. should have a place in your portfolio? i will talk to the ceo. you've got xfinity wifi at home. take it on the go with xfinity mobile. customers now get exclusive access to wifi...
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Apr 18, 2024
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csx is going to benefit there. i would absolutely be a buyer here. >> courtney, the casino stock is sinking despite beating earnings and revenue estimates in the first quarter. the stock is among the worst performing, shares are down about 20%, dating back to last year. a lot of this has to do with china trade. what are your thoughts? >> don't let this name fool you, it's not in las vegas, most of the casino markets, that's the play here. if you believe that recovery is going to continue, i actually believe it will, this is your way to play it. if that recovery continues, they are well-positioned to take advantage. the reason they are doing poorly specifically today, they are doing a lot of renovations into those properties in asia, which is going to absolutely affect the bottom line when you look at the next quarter or two here, but those improvements are going to be longer-term trends for them. if you think the gaming industry is going to improve in china, i do think it is, and so, those improvements are going to
csx is going to benefit there. i would absolutely be a buyer here. >> courtney, the casino stock is sinking despite beating earnings and revenue estimates in the first quarter. the stock is among the worst performing, shares are down about 20%, dating back to last year. a lot of this has to do with china trade. what are your thoughts? >> don't let this name fool you, it's not in las vegas, most of the casino markets, that's the play here. if you believe that recovery is going to...
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Apr 17, 2024
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for csx, that should be a good start. particularly for export coal, which is a different subset of the market, but it ee seeing some weaker global pricing that could impact their overall pricing. >> yeah, you know, that rise of coal demand, especially for export, has been something that's been a big boost for csx, specifically because it works on the east coast. since the report came in hotter than expected, transport is down 4.5%. we see it as a read on the overall economy. the fact that we're not getting rate cuts as we had expected, what does that mean for transports in the second half of the year? >> yeah. it's certainly sending the signal we need to be more cautious. i mentioned it before. shippers are seeing -- struggling to see an outlook that is improving at a great extent. we've been talking about it hitting this 54 level, which is the average of the last three freight recessions we saw in 2012, 2015, 2019. it's struggling to break out. so shippers aren't seeing a brighter outlook, which is constraining that dema
for csx, that should be a good start. particularly for export coal, which is a different subset of the market, but it ee seeing some weaker global pricing that could impact their overall pricing. >> yeah, you know, that rise of coal demand, especially for export, has been something that's been a big boost for csx, specifically because it works on the east coast. since the report came in hotter than expected, transport is down 4.5%. we see it as a read on the overall economy. the fact that...
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Apr 4, 2024
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they are seeing the csx first train carrying containers in the new york city area due to the collapse of the francis scott key bridge last week. this is helping with the closure of the port of baltimore. those shots are earlier from the day. the csx train has now routed through the particular terminal in baltimore, maryland. >>> gold prices are hovering at record highs right now hitting another one today above 2,$2,30 an ounce as jay powell is looking to stick to the interest rate cuts this year. gold is up 12% this year. out performing the broader s&p 500. if you think that is good, look at silver prices. out performing up 12.5%. let's get more insight from nikki shields. a global trader and refiner of gold and other metals. thank you for joining us. the momentum trade is evident in gold. i'm curious of the trade on silver. >> we think it lagged gold for the most part. the last three days, it has the catch-up play. it is in a deficit since 2021. when you think about the fact that u.s. growth is out performing the expectations, we get the first sign of chinese growth with the pmi. sil
they are seeing the csx first train carrying containers in the new york city area due to the collapse of the francis scott key bridge last week. this is helping with the closure of the port of baltimore. those shots are earlier from the day. the csx train has now routed through the particular terminal in baltimore, maryland. >>> gold prices are hovering at record highs right now hitting another one today above 2,$2,30 an ounce as jay powell is looking to stick to the interest rate cuts...
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Apr 2, 2024
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. >>> and csx will begin a freight rail service from baltimore to new york today. it moves the deal following the collapse of the francis scott key bridge last week. >>> warner bros. discovery has two leaving the board after the probe into the anti-trust violation case. >>> here is what to watch today. we get jolts figures out at 10:00 a.m. we get earnings from paychex and a pair of fed speeches with michelle bowman and mary daly set to speak. >>> futures are in the red today. it would open at 155 points lower. we have katrina dudley here with us to discuss. it's good to see you. >> good morning. >> we saw futures under a bit of pressure after the down day yesterday. how do you see today shaping up? what is the word of the day? >> the word we're choosing is goldilocks. you see so many people out there who don't realize how well we have done with the triangle of tension. that need to balance inflation and gdp growth and interest rates. i think we have kind of got it just right. you do have days like this with the market does sell off because people like to almost be
. >>> and csx will begin a freight rail service from baltimore to new york today. it moves the deal following the collapse of the francis scott key bridge last week. >>> warner bros. discovery has two leaving the board after the probe into the anti-trust violation case. >>> here is what to watch today. we get jolts figures out at 10:00 a.m. we get earnings from paychex and a pair of fed speeches with michelle bowman and mary daly set to speak. >>> futures are...
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Apr 21, 2024
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csx is currently on the scene, trying to clear the area that is a company that has those trains and it says it hopes to have this particular train back on track later today. >>> coming up. we take you to the central valley where a crucial canal failed and why the price replacement is already facing the same problem. >> what are you picking a fight with fellow farmers? and my responses, what are we supposed to do? did my legs shrink? i can move them. i mean, i knew alaska airlines' premium class had extra legroom but this... this feels different. okay. crazy idea. on the count of 3... i'm going to try and cross my... ohhhhhhhhhhh boyy that's nice. woooooo! ( ♪♪ ) >>> activewear is one of the fastest-growing categories in fashion, with sales projected to reach $770 billion by 2032. with the material that gives you get can't stretch, can pose an environmental challenge. some recycling nonprofit say it has been difficult to reuse or recycle the stretchy fabric from activewear. they say investing will then inside makes them difficult to shred. one scientist in denmark wants to make recy
csx is currently on the scene, trying to clear the area that is a company that has those trains and it says it hopes to have this particular train back on track later today. >>> coming up. we take you to the central valley where a crucial canal failed and why the price replacement is already facing the same problem. >> what are you picking a fight with fellow farmers? and my responses, what are we supposed to do? did my legs shrink? i can move them. i mean, i knew alaska...
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Apr 16, 2024
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and in this hour, you've got a number of industrial companies that are going to be reporting, bhp, csx, to get a sense of the industrial part of the economy, that's going to do it for us here at "overtime." >> "fast money" starts now. >>> live from the nasdaq market site in the heart of new york city's times square, this is "fast money." here's what's on tap tonight. a bank bifurcation. shares moving in vastly different directions since earnings season kicked off. how should you read into the results and what do they say about the state of the market? >>> plus, 34-year lows. japan's currency trading at levels not seen since new kids on the block were topping the charts. will the yen keep moving lower step by step? and why does it matter? >>> and later, united health keeps the dow in the green. lvmh shoppers tighten their purse strings, and bitcoin, is it heading even lower from here? i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- carter worth, karen finerman, dan nathan, and tim seymour. we start off with the post earnings divergence in the big
and in this hour, you've got a number of industrial companies that are going to be reporting, bhp, csx, to get a sense of the industrial part of the economy, that's going to do it for us here at "overtime." >> "fast money" starts now. >>> live from the nasdaq market site in the heart of new york city's times square, this is "fast money." here's what's on tap tonight. a bank bifurcation. shares moving in vastly different directions since earnings...
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Apr 5, 2024
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they are at the heart of what csx would say are the 300 mega projects that are going on right now in this country, of which -- huge projects. it's like what china used to be. like, we're growing like, man, we're doing a lot of things. the employment numbers, we need datacenter. your going to have 5% increase in the grid use year after year after year, and eatonis one of the only companies that seems to understand, we got get on the case. caterpillar too. >> we mentioned samsung earlier. that's an interesting chart. big piece in "the journal," doubling their investment in texas. big step in terms of the u.s. efforts to make the u.s. a maker of leading chips. >> they know how to build, and they also know how to call lam research, and they know how to call applied materials and kla. the one thing that people don't understand, other than asml, we own the intellectual property. it's the last thing in the food chain. if you ask morris chang, great taiwan semi, what do you make in america that's so good? we make the capital equipment. semiconductor capital equipment. and samsung seems to kn
they are at the heart of what csx would say are the 300 mega projects that are going on right now in this country, of which -- huge projects. it's like what china used to be. like, we're growing like, man, we're doing a lot of things. the employment numbers, we need datacenter. your going to have 5% increase in the grid use year after year after year, and eatonis one of the only companies that seems to understand, we got get on the case. caterpillar too. >> we mentioned samsung earlier....
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Apr 4, 2024
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csx announced the new line days ago allowing baltimore bound containers that had been diverted to new york and new jersey to be unloaded back in baltimore. amazing how they can do that in such quick time. carl, back to you. >> imagine the work that has gone into that. thank you. >>> we continue to watch disney this morning, just south of 120 here after winning the proxy fight with activist investor nelson peltz. david faber spoke exclusively with bob iger in the past hour about the stock price during the proxy fight. >> the stock is up over 40% since the beginning of october. there was a slight bump when he announced his interest in basically the second proxy fight, and then actually the stock drifted down after that and then went up when we announced our november earnings. >> yeah. >> he mentioned a slate, named a slate, drifted up slightly and went down again and then we had our february earnings which were sensational and went up significantly. the market is reacting to how this company is performing. it was not reacting really to the activist fight. >> and coming up in a few momen
csx announced the new line days ago allowing baltimore bound containers that had been diverted to new york and new jersey to be unloaded back in baltimore. amazing how they can do that in such quick time. carl, back to you. >> imagine the work that has gone into that. thank you. >>> we continue to watch disney this morning, just south of 120 here after winning the proxy fight with activist investor nelson peltz. david faber spoke exclusively with bob iger in the past hour about...
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Apr 18, 2024
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taiwan semi, blackstone, csx, philly fed was a surprise, up 15.5%, best in two years, and prices paid, highest since december >>> our road map begins with tesla's troubles, though shares awfully close to a 15-week low this morning
taiwan semi, blackstone, csx, philly fed was a surprise, up 15.5%, best in two years, and prices paid, highest since december >>> our road map begins with tesla's troubles, though shares awfully close to a 15-week low this morning