Expected to hear from rail representatives to prevent train accidents. Good afternoon. Today the committee gathers for a hearing to examine the next steps in positive train control implementation. Im glad to convene this hearing on this important issue with my friend and colleague Ranking Member senator cantwell. I want to thank our panel of witnesses for appearing. Mr. Ron batori, administrator of the railroad administration, susan, director of infrastructure, u. S. Government accountability office. Bob, Vice President of Strategic Development web tech corporation. Chris matthews assistant Vice President of Network Control systems. And jim, chief executive officer and executive director of metro. Todays hearing will evaluate progress, implementation of positive train control, ptc and examine the potential challenges in meeting the final implementation deadline of december 31st, 2020. As recent Committee Hearings have highlighted ptc is an Important Technology which has the ability to
Welcome good to have you with us some of the most closely watched names in the market are hirer. Apple is getting a lift. I dont know, this is a pump bounce that we got it all evaporated a bit. I think the important thing is to balance two opposing things in your head. Volatility is creating opportunity and tlauheres alwa opportunities. This is not the sort of bounce that makes you feel that this episode is over. I would prefer a huge open down gap lower today to what were witnessing now the good news is i think you can make the case for at least a pause here definitely a short term wash out is taking place. Xlk, the tech s p name, hardest hit yesterday. Today they are up the most you do want to see that. Right now 20 of s p 500 companies have an rsi below 30 a fifth of the market is statistically over sold. You take a look at stocks above their ten day, almost none you could say that represented the bottom in the past thats where money game in to your point you have longer term issues
Tensions rise even further in the gulf. Iranian forces seize an oil tanker. Shery lets get you started with a quick check on how markets closed on thursdays session in the u. S. Equity indices mostly lower for most of the session before they saw a rebound after the dovish comments coming out of fed officials. , being led up. 4 higher by financials and consumer stocks, not to mention the fact that chipmakers gained ground. We had a positive outlook from an apple supplier. We had some geopolitical news being felt across the market. We had u. S. Equities gain a little bit of ground after we heard the report that iran offered is attentive deal a so antative deal to the u. S. Substantive deal to the u. S. Are paring back earlier gains at the moment unchanged. Lets see how we are setting up for the asian market. With that being said, is just off look set to track the event we saw on wall street. Kospi may find support after a twoday drop. Calls for fiscal stimulus from the government after t
Now at 11, a 6. 4 earthquake shakes Southern California tonight. We visit the town at the epicenter of it all. A a new earthquake alert system finally on its way to the bay area. How a few seconds warning can save lives. 12 fires in just one hour. Tonight, the Quick Response from firefighters battling blazes across Contra Costa County. We were with police when they found this, 200 pounds of illegal fireworks. The big bust, tonight. Good evening. Im elizabeth cook. We begin with the continued fallout from that 6. 4 magnitude quake near the town of ridgecrest about 150 miles northeast of los angeles. Tonight, we have team coverage. We are in the town closest to the epicenter of the quake, trone, where residents are without the basics tonight. Reporter there have been a series of aftershocks here near the epicenter and 3. 5 with the latest one, very unsettling. The good news here is though the electricity is back on. I am still a little shaken up. Reporter a lifelong resident of trone up
And short form video startup quit be looking to raise another 500 million ahead of next years launch on top of the 1 billion it has already raised. Ceo meg whitman tells us how the servicele streaming will compete. First, major news out of apple. Apples chief designer, jony ive , longtime designer, is leaving the company to form a long time to form his own design company. Ive is responsible for the look of some of the iconic products including the iphone. We got a press release minutes ago from apple. There is a quote from tim cook is a singular figure in the design world and his role in apples revival cannot be overstated from 1988s groundbreaking imac and the iphone. To a certain extent, this is not incredibly surprising. Over the last couple of years, ive has sort of taken a step back from the public eye, from the day today in the design at apple. He was very focused on building apples new headquarters, its circular headquarters in cupertino, california. Cook goes onto to say apple