for alcoa, we can do it. we are doing it. of my colleagues or other c.e.o.s are doing it. >> pitts: but if manufacturing is doing all that it can to close this skills gap, then why is there still a skills gap? >> kleinfeld: well, this is not a society where you can tell somebody what... where to go work, or where to... what education to get, right? >> pitts: do you think if manufacturing paid more, could that be part of the issue, part of the equation? >> kleinfeld: i don't think that manufacturing is not paying well. in fact, i think manufacturing... manufacturing is paying very, very well. >> pitts: peter cappelli disagrees. >> peter cappelli: this is a market. and so, you know, if you're not willing to pay more, don't expect to get better quality people. >> pitts: cappelli teaches management at the university of pennsylvania's wharton school. he says, with supply and demand, a shortage of skilled workers should lead to rising wages. >> cappelli: one of the things we know now is wages are not going up. in fact, they've been

the ceo of alcoa said that to me, said the fourth quarter is the bottom. you know what?e's looking real smart. he has horse sense. how about coach which has a big chinese business? they posted a 40% sales in china. both starbucks and yum brands which has substantial china guidance is outranking the chinese foodie that is general chef. so china stabilizing, if it's bigger than we think, how do you play it? my charitable trust is buying an index. the i shares china 25 index fund, the fxi. that's you home gamers, fxi. the highest quality china companies, china mobile, several chinese banks, petro china, huge oil companies and a couple insurance plays. if i'm right about the stabilization plan, it should go higher, possibly much higher. it pays you to wait. what more can you ask for? honestly? the bottom line, the macro and the micro from individual companies that do business in china are saying the same thing. chinese economy is stabilizing right here. they have inflation wliped. 2013 should be better for the people's republic than 2012. china's small stimulus is working an

alcoa emmit is still around.and jacqui jeras is back with a fina >> this likely comes as no surprise to anyone who saw magic mike but now it is official, kenny is sexy. >> the 32 year old channing tatum says he is the sexiest man. he follows last year's bradley manning. >> forecast for today looking great.

in this particular case, the alcoa building, the structural members are on the outside of the building. so you can see it right away. what's the danger with this building? glass. good. glass. so you have your typical office. what are some of the hazards here? remember, earthquake island, what are some of the hazards? the lights, glass windows, yeah, glass we already talked about, the bad things. how about all the book stuff? building is still standing but everything else will fall right on top of you. bookcases, you want to secure those; right? this is what's going it happen. if you as nerts you went in there and got a report that there may be people trapped, where would you start looking for them? upper floors and void spaces. again, we talked about glass. are these people a little too close, do you think? did they give you a rule of thumb how far away to stay from buildings. well, actually 1 1/2 times the height of the building. so if you are in a 30-foot building -- you already did the math -- you want to be 45 feet away. glass falls out, too, do you think it just falls straight dow

ask companies like alcoa and ford. the third, that china had become a big disappointment. yeah, china. and it wasn't going to turn around any time soon. certainly not in time to help 2012. this pessimism came from a decline in orders. they all articulated such on a recent conference call. companies that have been optimistic that china was about to turn, that the growth was about to kick in collectively seemed to give up all at once on the colossus. nobody had been more upbeat than caterpillar. but you know what it did? it threw in the terrible towel. openly bemoaning the disappointment that was china in 2012. gut wrenching. now fast forward to earlier this morning and let me make this thing up close and personal. new york city mayor mike bloomberg decided yesterday you needed three people in your car to cross over the east river to get from manhattan to brooklyn. you can beat the edict if you crossed over before 6:00 a.m. i set off to find some place to get internet access, electricity and a little wireless. it was a gloomy morning. i first tried the new york stock exchang

loss of their jobs and clashing with police this happened yesterday outside of the plant owned by alcoapart of a series of demonstrations across europe where union coordinated general strikes are taking place. >>> the day many facebook investors have dreaded the largest block of shares hits the market today up to 800 million shares of facebook stock freed from so-called lock-up restrictions. analysts warned an influx of shares could cause the price to fall further than it did when smaller lock-ups expired in recent months. facebook stock closed yesterday at $19.86. >>> macy's is facing increasing pressure to dump donald trump and his clothing line from stores this is when trump backed mitt romney more than 500,000 people have added their names to an online petition asking macy's to end its partnership with the real y[j"5jg.÷s>ç⌜jrñihz>Ñ)zá: reelection.>in >>> some customers say while the message offered pizza deals they received up to 15 text messages in a row sometimes in the middle of the night. the suit is asking papa john's for $500 per text. the company is blaming the unwanted tex

three major stock averages and if you look within that, the dow, 29 of 30 dow members moving higher, alcoa was unchanged so pre much a wash. looking within that, we are seeing the tech stocks with in the dow leading the way. you have hewlett-packard bouncing back from the autonomy if you want to call it a scandal, the big write-down they took from buying autonomy without doing what appears to be the proper due diligence, intel moving higher, microsoft, cisco and ibm up as well, more than the broader averages the technology stocks getting a big boost as we look at cybermonday. dave: the dow is edging into double-digit up 78 points. protests in wal-mart parking lots making it difficult for shoppers to get in and buy things. these are mostly union workers, not necessarily wal-mart workers. jeff flock is with those protests in chicago. what effect that they having on the buyers were shoppers? jeff: they did stay outside. largely they stay on the sidewalk and they are gone as of now. they march on to the walmart grounds for a short time but they did keep the lines into the store opens so people

caterpillar, alcoa, united technologies, people just not feeling confident yet to get in and say i willuy them. worried about europe and all kinds of things. cheryl: thank you very much, appreciate it. it is time to make money with charles payne. we have the tech stock, but it is not cisco. >> it is not cisco. although it is a little bit on cisco tales. you don't have to work on letting out all the dots. up in that part, some other little guys. an open-source project they are involved in, also being involved in andre android 4.2. talk about apple but android is making amazing moves and sing a whole lot of market shares. it probably will trade twice the average daily volume. coming on this week with the market down, this is dangerous talking for brought calm, like the valuation. cheryl: apple is not the only game in town, that is for sure. dennis: some of the big banks left out, the ceo summit the president the new war brewing. cheryl: and wind power. how they want the federal government to blow new light into the alternative energy source. dennis: his other world currencies are faring a

earlier he revived the fortunes of the industrial giant alcoa as its ceo. welcome back, gentlemen. bob, let's first talk about the tactics. it does appear over the last day or two that president obama has taken a stronger position on the fiscal cliff -- on the explore rags of the bush tax cuts than he had earlier. he's asking for more in revenues, he seems to be willing to let the tax cuts skpiefrmt is that the right strategy here? >> well, it depends where you're trying to get. i think -- i happen to agree with president obama about where he is substantively in terms of what he needs to do to get an effect ivg program as far as our long term tra jektly. i think some of his tactics, it's very hard if you're not in the room to know what to do tactically but what he says to me is different than what you said. he said i have an objective. we cannot get there with tax expenditures. >> with the tax reduxes. >> right. if it meets with the long-term fiscal trajectory, you can get ourselves in a much better place for the long term and you can significantly improve long range terms. you put

see steel stocks huge, ak steel, alcoa free port, b hchhp billit. energy stocks a tough time in the past couple of weeks, oil being weak. look today, refiners like tesoro and val lair row, down the last couple of weeks. >> but an 80 -- my favorite indicator, tran nist, up 80 points today. see you later. kenny poll carry on the other side of me here, i feel like it's been ages. >> it has been ages. >> tell me what you think broad based about what's going on right here. >> i think the market is set to kind of rally no matter who wins but i think we are going to hit our head here at 1425, 1430 because we have that looming fiscal cliff and until we really get over there, i don't think the market will go anywhere. >> do you buy into the move today then with the fiscal cliff looming further out? >> i would actually be a certain into today as the market push a little higher, i would be a searle, back down at the 14, 1410 level, where i think it is going to test. we will see you later as well. we have so many people on the show today. see you later, kenny.

alco alcoa being struck because they try to close a plant. the conversation will be at the beginning of the conference call and europe -- we're managing europe down to x. european we're going to close europe. ford motor gave you an example of what will happen. we won't let europe bring our company down. latin american, asia turn turne. we won't let europe ruin us. europe will be isolated. that's what happens if you decide to go off the grid like they're doing. their major issue is carbon tax. they keep talking about carbon tax. the european, the german power company talking about having too much solar power which is bringing down and able to make money so they bring in coal. that's what they talk about? >> wow. >> back to the network side of things. we almost went a 360 here. >> that's the nature of our discussion. >> juniper and river bed are up on the back of cisco's earning report. >> emc is the biggest partner. he called that out. i felt like the cruise ship speech. he takes the shoe off will bury. people haven't bothered to read the call

it wouldn't be something if everyone recognized what alcoa recognized.aybe it's too hard to be global. maybe it's too hard. go, suzuki was broken by the yen. it's hard to do business when you have these currency wars going on. >> how about kimberly getting out of diapers in europe? there's a recognition and this has to do with netflix, david, which is why i bring it full circle. if netflix hadn't decided that norway was the market, don't you think netflix would be higher had they not placed a huge amount of money on that? >> it's possible. >> it's true. it's true. >> if you are going to run a growth business for the long haul, how can you ignore parts of the world particularly ones that are -- europe is not growing very fast or growing at all at this point. still, you got to believe -- >> you can. >> speaking of all things europe, it's in the spotlight again. hundreds of thousands of greeks have begun a 48-hour strike in protest of wage and pension cuts which greece's parliament is expected to approve tomorrow in a key vote and in germany industrial orde

some of the leaders include names like hewlett-packard's , united technologies, travelers, boe ing, alcoa. financials. a lot of discussion politically they're talking leaks and who is better for the market's there is conversation going on but you can take the up arrow. lori: en bereday is halfway through in florida fell line is not winding down. look of this polling site is consistently has more than 200 people of course they say it is taking hours as floridians of line up melissa francis is there. what is the take away? >> this interesting. we are an tampa, a hillsborough county. it is slow and steady. it forced officials to go to the absentee voting and% absentee? it got the job done 38% came and voted ahead of everybody else. they are getting hammered with advertisement the entire commercial block every single one. the stations must be making a killing. but they like the attention. >> not until ohio we had a good for a while it will still be close. >> he was mad ohio steals the attention. people like them and find them informative which we thought was interesting that people get hammer

slightly, talking about 0.1%, means there helping things along with names like intel and coca-cola and alcoa been pressuring the dow, hewlett-packard, american express, microsoft. big picture we're doing all right, yesterday lost 40 points so we're pretty much flat for today, talking about a week deal here, when you look at the equity residential and talking about archesteban but the company meeting every residential, smart to bring apple online in order to do this and make it more manageable and it's great portfolio mix. a brief deal with looking at, it is up 3% and avalon up 3.5%. back to you. dennis: after joining us on markets now, drew greeneblack when on for a meeting with other small business leaders and he is back to tell us how that meeting went. thanks for being with us. you are ready to meet with the president himself to tell him don't raise taxes at all. it will hurt small business hiring. tell us what happened next. >> at a meeting was three hours long in the white house. the had several advisers of the president present, one of them being valerie jetblue edge stuart: where was

and alcoa, and in another factory. why haven't we focused on those factories?nd put in some training? the people that own the factories to not want them. we need to do that. the jobs can be filled. people are not dumb. they can do it. and the job is just -- they are out there and the people are waiting. host: what is the missing component? training? finding the right people? caller: training. the people are smart, but they need to be trained, and they are not willing to put up the money to train them. what can we do? i do not know. is there any talk about revenue spending, creating job programs. when president obama came into office, the stimulus was part of his agenda. as you look at the financial situation, is there talk of big spending right now? guest: there is talk of job training and infrastructure -- from this increased revenue. is that something congress can agree on? i think that in this climate of austerity, as people are starting to think about the deficit, i do not think we will necessarily see a large-scale stimulus like the one we have before. the

one of the many riots they had today was against alcoa for trying to close a money losing plant in italyo close a plant, ford will be faced with this, you'll get massive strikes and you get civil unrest and maybe companies have to back off. i think doing business in europe is going to be increasingly something that american companies don't want to do and it will become an asterisk for the business. >> any way a president can say lloyd blankfein says we should do it this way so let's do it that way or it kills it the minute he says it you have to do the opposite, don't you? >> i thought that blankfein's op-ed was terrific. i think he said a lot of good things. i think maybe you start this way under a work your way. >> jim, thank you for giving me a way to remember how to say it. >> did you do time? why are you thinking about that? >> it's home to a lot of professors who teach there during the daytime. >> i thought it was a prison. >> it is. >> any way. >> coming up, we'll get the last word from our guest host. think on what that lot of word is going to be. we'll give it to you and more wh

alcoa. hewlett packard. bank of america. it's done nothing. it's done absolutely nothing. all of the banks had a resurgence, they gave that up and a lot is endless lawsuits that they tell you they have it together. a tremendous number of lawsuits involved in the banking business. these bills are actually adding up. it's actually hitting the bottom line. >> it is. after a few billion you are talking real money. we talk a lot last week about the autonomy acquisition for hp and how terrible it was but nothing will compare to what countrywide did to that company, to bank of america. >> all of these little things that might have been great in order to be able to just deal with what happened. >> liabilities they took on. incredible. they are dealing with it. investors believe they have moved through it to a large extent. >> the stock is up from 5.6 where warren buffett got involved. if you are a traditional bank making mortgages, you're doing okay. i look at this bank that's been on a total -- ntb. it's been on a total tear. we have banks that have been doing incredibly well. wh

users of oil products, right, that whether or not their prices as commodities also for example the alcoasld and other places like that. >> actually natural gas is where it is. u.s. will be the lowest cost natural gas producer. >> manufacturer is coming back to america for certain energy intensive -- we've talked about that. >> yeah. >> thanks very much. fascinating. >> we still have to talk about steve cohen. >> and when we come back, we'll head to the chairs and this is a pretty important story. it's one that could have some implications for s.a.c. capital. we'll talk about that and also maybe more about the consumer and maybe even our wish list. let's take a live look at concord mills mall in north carolina. crowds are out there, too. even the little kids up early. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you cou

alcoa new. we have people with mike sue want to colony. the state your name and affiliation and ask a question record comment. >> thank you. i would like the fast you the following question. you have mentioned a number of, let's say, tools with such as several weapons, such as drones and special forces. there just tools. to achieve what? that is the big issue. olympic games was a smart move, but it did not result -- resolve the it iranian problems. the same for other places. my question is don't you think that there is some kind of ambiguity -- ambiguity trying to use new, smart's technology , that kind of stuff, portending to dissolutions. at the same time the old traditional political approach does not provide solutions in the end. so isn't it a signal that we are shifting from reel politics and diplomacy and rely upon tools and solutions. >> the war on terror devolved into a technological content of the problem rather than any kind of a dressing of the fundamental issue that might have led to those spread in popularity of just on the fi

alcoa. it is seven stories in magnitude. it is hard for the -- i feel very privileged as a representative to have been invited into the company to see this literally mammoth magnificent machine. be able to take part and form them for industry as well as our defense systems. and it's seven stories high. three layers on three stories at the bottom, just dealing with the hydraulics. the engineering and the brain power it takes to manufacture high-end goods is incredible. and we are so proud of that company and other companies that are able to make it in america derks spite all of the unfair global playing fields on which they are asked to play. and we see the componentry going into the automotive industry, into our defense systems. and we thank the corporate leadership and the workers, those who work very, very hard jobs, that help us build the strongest country in the world. so i just had to say that tonight because you get as excited as i do about actually making things and seeing this genius that takes ideas and engineers th