Wusa 9. Hopefully its much ado about nothing. Ellen, thank you. Like a driver who misses his exit on the beltway, the engineer on that deadly amtrak derailment that happened a year ago, near philadelphia, lost track of where he was. Thought he was farther down the rail line, where the speed limit was 110 miles an hour. Thats the conclusion today, at the National Transportation safety board, which also warned more people are likely to die, until all railroads implement automatic Safety Systems. Wusa 9s bruce leshan is live with details on this. Good evening, bruce. Hey, adam. Here is something i didnt know. There are no posted speed limit signs on the rails. Amtrak engineers pride themselves on knowing exactly where they are and exactly how fast they are allowed to go. But in this case, the ntsb says Brandon Bostian was distracted by reports of someone throwing trcks at trains and simply lost ack of where he was. Reporter bostian hit the throttle just before the crash. Accelerating the
Its got to leave, though . I think so. Conceptually you would hope someone could reform. But when you look at what hes done, the signs arent good. He hasnt changed his pay. They give an indication of a ceo that doesnt care about shareholders. Thank you for coming in today. Make sure to join us tomorrow. Right now its time for squawk on the street. Good tuesday morning. Hope you had a great threeday weekend. Welcome to squawk on the street. Im carl quintanilla, with melissa lee, jim cramer and david faber here. Fiveyear highs last week, europe had strong Investor Confidence numbers in germany. But actually, was disappointed in the bank of japan. Which well wait until next year before it targets a new inflation rate of 2 . Our road map begins with what cramer calls the most important earnings week of the year for the quarter at least. A parade of dow components starting with verizon. A 12 cents miss dragged down by superstorm sandy. Dupont 2013, a cautious year with the slow growth world