Breaking news right out of the gate, look at this, a Freight Train derails in pennsylvania, its outside pittsburgh. Ten cars have derailed, thats according to local reports. This is an Valley Railroad train, no word on what it was carrying, but there are no reports of injuries or of a hazmat situation. Lets get right to it. Nice rally on wall street, the dow industrial is up 154 points stay at this level and youre close to a new record closing high. Now look at shift shack. Higher prices help post a surprised profit, good provide the too. Sales were strong, and remember it sold off last week because some thought it was low priced. Up 6 today. Now look at kohls. Dont do that. Down 11 . 8 at 6. The price of oil still in a very narrow range just below 60 a barrel, and the price of gasoline keeps going up, 2. 67 is your average now. Now, the big economy headline this morning comes from the economist at a very big bank. Where on the titanic he says and were going down, no policy fixes readily at hand, certainly hasnt affected the stock market. Hes rallying, well have more of that in a minute. But lead listen to this one. Abc news anchor former chief of staff of bill clinton has given 50,000 to the donation in recent years but didnt public disclose to the clintons. Didnt disclose it. He reported he made two payments of 25,000 a piece last year and the year before. And even when interviewing, Peter Schweitzer about his book did not disclose his donations. Abc says they stand behind him. Tim graham joins us at this hour, you can bet he has a lot to say about this. Another story were following, five iranian ships across the shots in the persian gulf, not clear if any hit the vessel, but after the if shots were fired, like that ship turned away and the water was control by by the uae, and the american warship was 20 miles away at the time, but there was no call for help. That just happened. Lets get to the Train Derailment, it was traveling at 106 Miles Per Hour before it derailed. Double the posted speed limit. The engineer . 32yearold spoke with police, he told them he cant remember about the crash. And we now know the identity of five of the seven people were killed in the accident, some very successful in business. And dozen passengers are still unaccounted for. And this was unfolding as we went on the air yesterday. The left using the accident as an excuse for more Infrastructure Spending. Role tape. I will say that the general manager his first weeks in office the president has been a leading advocate in investing in our infrastructure. This is a wakeup call. Its a reminder on how much we depend on our mass transit how much we depend on our roads and bridges and how much our safely is directly linked to the investments we make sure and how we get around. Last night we failed them. We failed to invest in their safety. We failed to make their safety a priority. Mark ash is here, he is the ceo of transpro, knows a few things about transportation. Mark welcome. Good to see you. They were saying that the crash happened because of a lack of Infrastructure Spending and you say what . I am weary stewart of the september 12th mindset. We have got to get our officials to phone call on a september 10 mindset where we are head of the game rather than behind the game. Americans sick and tired of always reactive to a problem. Its easy to come out today and find all the excuses that we need to be addressing something, for six years those folks in washington have not put a Transportation Plan together. Now, there was a piece of technology, which was available, which would have slowed the train down before it went at 106 into that left hand Curve Technology was available, but it was not in store. Is that an example of a lack of Infrastructure Spending . Technology infrastructure. Absolutely. Theres theres no question thats the case. You know, weve heard from the president for years. You could have asked the president of the United States what he had for breakfast, and he would have said high speed rail. Thats all he could talk about. Billions of dollars going to that program, rather than making sure that the bridges and the tracks and the train systems that are in place are safe to ride and the rail that exist today. And the hearing yesterday amtrak said they dont have enough money for that technology to be installed on that curve at that time. Amtrak is ray weigh ahead of market in this, they are one of the leaders of rail travel of getting that technology in place. Why wasnt it in place yesterday or the day. Before the struggle has been that congress has not built that long term plan, essentially the entire time that the president has been there, for anyone to provide that service, and ive got to tell you the american people, they are sick and tired of paying ritzcarlton taxes and getting baits motel service. Its profitable, it does well, it has a lot of passengers, but theyve got to carry other rail lines which make a huge loss, and Congress Wont let them close here and here. Heres the dirty little secret to that. Amtrak actually makes 300 million a year running that service because there are people who want to use it. The problem is. Congress makes them run trains to nowhere. Weve heard about the bridge to nowhere they force them to run trains to nowhere. Weve had increased retiredship, reduced debt, congress literally handcuffs amtraks hands and prevents from being successful. You cant have a industry run by the government efficiently. Politics doesnt work. Weve seen it time and time again. We appreciate it. It is a very busy day and lauren is here with three big corporate stories. 50 a year, that is how much walmarts new unlimited shipping will cost. It is a direct attack on amazons prime shipping, and its about half the cost. Walmart says it will get customers their product in three days or left. The Service Starts as a service by invasion only. Lets show you the shares of both companies. Both up as you can see there. 26. 2 million thats how much hedge if you understand sandra general will pay for radio shacks name and its Customer Data in a two day bidding war. The fund will rebuild the brand from stores from its liquidation this year. And 200 million, that is the price of the loyalty and thats how much the gopro ceo paid to his former college roommate. Wood man said he would grant neil, which was gopros former employee a tenth of making gopro public. How nice . Gopro shares how much did he pay him . 230 million. Give it to him. Well, the company had to do something fancy with the shares that he gave to the roommate. Woe. So at the highest paid ceo which is nick wood man, i think hes worth about 2. 3 billion now after this 200 plus million was taken out. And he gave his roommate on a promise, and he fulfilled the promise. Yeah. And he still works for the company, by the way. So he should. One big name Economist Says were on the titanic with no lifeboats. Listen to what Hsbc Steven King says, and heres a direct quote for you. The economy is like an ocean liner without lifeboats if another recession hits, it could be a truly die thai tannic struggle for policy makers. What do you make of this, tom. Hes dead on right and heres the problem. The peek spending is when youre somewhere around 47, 48 years of age and after that, you dont buy as much, so therefore this wont be much consumption. And your income goes down when you retire, when your income goes down, youre asking for more services. This is without a recovery, i agree with this economist 100 is that the baby boomers have to go through the life cycle be dead and gone before we can get back to being in good shape. You also say that theres no policy fixes. We are going to down. The World Economy is slowing quite dramaticically,. And one of the things that he brings up is the fact that Pension Plans are not going to meet the promises that they made. Really . Yeah. Well, weve been talking about that for a long time. Yeah. Thanks, tom. I was on John Stewarts i was his target again. He spent several minutes poor me, we will play it for you in just a moment. But first a top night to be a dc sports fan. The capital blues game seven in over time, the wizards lose their playoff game at the buzzer, and the rangers move on to the playoffs. [cheering] now, look at that, will you . Theres our rally we like this. Up 143 points for the dow and, by the way, 29 of the 30 stocks in the dow industrial average are in the green that means theyre up. Only cisco is lower, and it only went negative a few moments ago so nice rally today. However, j. C. Penney out with their Sales Numbers disappointing. Its down 4 . J. C. Penney back to eight. Wie got a lot of things to pack into the show today. So heres three stories really is a fast. Louisiana State University on the verge to go broke, but it continue to build a 85milliondollar at its recreation center. How about that . 12 23 this story, and the star this year is the return of the muppet show. Heres the question, though. How do the transitional networks deal with the streaming revolution . Also theoretical physicist hes here to talk about bees. They are indeed dying off at an alarming rate and it keeps getting worse. We dont know why. The ravifications can get bad. And allegedly nasty coverage of the poor. It went on for more than a minute. Youll have to look at it. The main defender of your networks attitude toward those in poverty is the main offender. He just segments that would make hey take it easy. We hand out 79 billion every january to these socalled poor people. Youre not being mean to poor people. I am. Frankly i am. Many families have home tvs cell phones, computers, much much more, 95 of them have a refrigerator 81 have a microwave. People need 15 per hour to live on, theyre starving without it . Okay. Ive got that. The image that we have that people are starving really is not accurate. Many of them have things. What they lack is the richness of spirit. Anyway, what day is it today . Is it Christmas Day . Go ahead and buy the gooses, and if you see a boy on the crutches hes not crippled, hes crippled at heart. That was funny. He had a go at me, but it was funny. Fox news contributor tammy bruce is here. What douse when the president he takes direct aim at us for our coverage of the poor. Fluked both of these guys, its fantasy, who do you recognize context what we say here at fox as barack obama, as you talked about the muppets programming and he wants all the shows to be the puppet shows, he wants it to be fun and news that reinforces because for him it cant be about reality here on fox business its about numbers stock market, whats happening in the nation. For obama its about what he says. Its about what he wishes peoples no. Its about unicorns and rainbows, and when you talk about real life, it ruins the story. I thought you were on the left tammy. I thought you were on the left. Well, im im an american. I classical liberal, i am an independent conservative, i want the future to look great and its not going to be a future that looks great as muppets for news anchors, and the americans know every day that what obama says does not match reality, but this is a man who believes media is the opium for the masses, and we are making a mistake as you do was not feeding people drugs for information, but the real story so that they can actually plan their lives appropriately. Okay. Now president obama says there needs to be a way that the media covers stories. Were going to have to change how our body politics think so, which means were going to have to think how the media reports on these issues. Changing the way media reports on the issues. Well, saying with what he reporting what he agrees with. Now, look this is politics; right . Conservative or liberal. He wants to tell us how to cover the story. Well, thats it. He wants and lets not forget. Hes gone after people, like, james rose, the doj has gone after, weve got the taliban five has been released, and yet edward is still in hiding in russia. These are things when it comes to what the government does, and it tells you the power of one voice amongst a bunch of others who are repeating what the president wants, to have repeated when you simply Say Something different. The media has been on his side as i think clearly bias to the left. Yeah. For a long, long time. Well, theyre biased to the establishment. I think that when youre looking at the way things are going and investment in the government that things are they want it to be this way. And thats the issue, and i think that what makes media and legacy media the problem is that they simply do kind of go along with the establishment. Fox news, not business and the news channel the difference is that theres a spectrum of opinions. Theres a real connection into real life. You might know the might not like it all the time, when theres liberals or conservatives on, im across the board in a variety of ways looking at all the issues, and knowingly at least and this is the other problem whether its john stewart or Barack Obama Fox news is viewed and it certainly has more people, more of an influence exactly. And that i think is what irritates. Thats right. Youve got an audience. Yeah. Exactly. Tammy, thank you very much indeed. My pleasure. Well see you soon. And during spring break, what was the result of all those stories . Well, they got drinking band in panama city, florida. I think on the beach next spring break. She join us next. We wake up at like, 10 00. We wake up early. When will you start drinking . When we pass out . About 2 00. Thats the mission is to get drunk not a buzz. Yeah. Its to get drunk when a moment spontaneously turns romantic why pause to take a pill . And why stop what youre doing to find a bathroom . 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[baseball crowd noise] [x1 chime] [crowd cheers] oh i cant believe it [cheering] hi, grandma that rally is still there. Up 144 points, the dow at 18,200. Well take that. Now this. If you are still disappointed in the uneventful Mayweather Pacquiao fight dont worry. Theres a fight that might be more entertaining, theyre doing it for charity it take place tomorrow night in Salt Lake City utah. Before that fight, mitt romneys son josh will be on this program. And that will be tomorrow, dont miss it, please, now ive got an update for you on the spring break, panama city beach, florida will ban alcohol next year. The ban has a lot to do by reporting fox news who joins us right now. You reported. I did. Made a big splash, and now look what youve done. No alcohol, i would imagine that the locals, local businesses are not happy with you. Yeah. Well, last year they definitely were not happy with them. They were not happy with sean. Many of the bar owners were complaining because they were worried that they were going to lose money because of our coverage if things close down. Sure. But this year when we went, a lot of neighbors were coming up to say thank you for the coverage were ready to clean up the beaches. Now, there was a big group at the counsel meeting on tuesday night, and like you said theyre all hoptality workers theyre worried about their finances. Yeah. Their hotels being affected, their restaurants, its not about the profits anymore, its about saving lives. When you have girls saving lives . It literally is about this. Because when you have gangs allegedly being gang raped and videotaped and posted osama bin ladin online and the Sheriffs Department has two of these videos that we know of with this happening on camera its time things need to change. And they voted 50. First time. In banning alcohol in closing the bars earlier. Thats right. And the hoptality of the worker the hotel people didnt work, the local townspeople said enough. Theyre still getting their way though. The kids are still allowed to come into the did bars. I say kids, they need to be above 21 years old, but theyre still lowder to drink this the bars, they just have to go in at 2 00 instead of 4 00. They can stay until 2 00. Its a compromise for everyone. Thank you very much indeed for being with us. We appreciate it. Thank you. The amtrak derailment. Seven dead. People still missing. Theres supposed to be a 200 milliondollar cap on liability lawsuits