sales were troubling at 3m too. it makes adhesive, sand paper, medical supplies, scotch tape and post its. 3m said it was hurt by falling consumer electronic sales and expects the weakness through the first quarter of 2016 before picking up later this year. tomorrow dow components boeing and united technology are expected to report their earnings. >>> consumer confidence is growing despite all the market volatility. a report from the conference board shows confidence is at a three-month high and most don't expect the big swings in the financial markets to have a negative impact on the economy. those surveyed feel better about the labor market and their income. >>> rising home values make consumer feel more confident about the economy. that's just what the latest s and p report showed. home prices accelerated in november at their fastest pace in 16 months. diana shows us where the values are rising the most. >> reporter: if you're planning on shopping for a home this spring, get ready for sticker shock. home prices a

the united states. 3m exceeded street forecast.upont and johnson & johnson had a bottom-line beat. the top line, though, perhaps less of a beat. >> $dollar. the company's cfo expressed optimism about the prospects in china. >> china we really see as continuing to offer opportunity. if you think about our business to a consumption-based economy, that's a good thing. >>> if you decide that, look, we're stuck in this new world and the stock keeps going higher, you have to sell ever one of these stocks. if you think that the dollar is going to go higher, if you think like, say, maybe dupont may not be as much of a factor. why? the growth comes in at plus two for procter & gamble. that's a dramatic delta, so to speak. >>> aural talking about a 6.8% decline as a result of the dollar. >> well, but fourth quarter adjusted is 5%. currency is minus 6.8, domestic increase of 8%. without any noise plus 10.6, worldwide plus 6.5. these are excellent numbers, but again the dollar is going to keep going higher, you should say it doesn't matter,ut

this is actually video sponsored by 3m. >> 3m created a screen protector like what you see in planes where you can see it straight on but off to the side it goes opaque. behavior. >>> perfect time to go out and play in some fresh powder, right? well, i don't know if this guy had a hang over, he takes his snow bike out, and well, he's about to meet up with some folks -- >> oh! >> of all the places, are you kidding me? >> road traffic accident in the middle of the mountain, in the middle of nowhere. >> he was able to get his bike back down the hill. but he's probably got a little front end damage. >> how about a little toilet bowl cleaning? >> that nailed it. >> he's like, just don't hit the tree, it will be fun but just don't hit the tree. you end up hitting. >>> she's trapped in the bathroom. but there's no wasting time. she's putting a video together, one, to warn other people, and "matilda." >> she does it in a matter of minutes. >> man. >>> time for some pole training. >> i'm practicing bike riding. >> why does she want to get in the gym and work out? >> to impress a girl. >> of c

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eastern time. >>> we have got the dow leader topped off by 3m on that big earnings report i just tolder leaders, j&j, chevron, boeing, exxonmobil, goldman sachs along with procter & gamble and jpmorgan. more with gerri willis, that's next, on "countdown." don't go away. the microsoft cloud allows us to access information from anywhere. the microsoft cloud allows us to scale up. microsoft cloud changes our world dramatically. it wasn't too long ago it would take two weeks to sequence and analyze a genome. now, we can do a hundred per day. with the microsoft cloud we don't have to build server rooms. we have instant scale. the microsoft cloud is helping us to re-build and re-interpret our business. this cloud helps transform business. this is the microsoft cloud. liz: closing bell, 34 minutes away. take a look at the markets here, and we are losing some of the gains. remember, for the dow jones industrials, the high of the session, up 300 points, we're better by 234 right now, but we're watching this closely. the s&p at a level of 897, had been at about want to say 1990, so watch this v

coming up, johnson & johnson, proctor & gamble, 3m, and apple reporting after the bell.t desserts for bernie sanders. the presidential candidate getting the highest ice cream honor. it is tuesday, january 26th, 2016. "squawk box" begins right now. >>> live from new york, where business never sleeps, this is "squawk box." >> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with bill kerr anyone and andrew ross sorkin. another selloff in china overnight. the shanghai composite dropping over 6%, hitting its lowest level in over a year. the chinese central bank conducting its biggest daily open markets operation in three years, injecting 360 billion yuan into money markets. we'll have a live report from asia in a moment. as for the u.s. and how that's playing out here, take a look at the futures. they're off their lows of the morning. we were down by over 90 points earlier today. you're now looking at the dow futures down by just about 16 points. s&p fure

we have j&j, proctor & gambl gamble, 3m reporting before the bell. apple reporting after the bell this afternoon. a lot of people watching that. the company expected to report that iphone sales increased slightly more than 1%, but that would be its slowest growth ever for the device. analysts expecting 75.5 million phones were sold in the final quarter of 2015. >> in huntington, bank shares is buying ohio rival first merit for about $3.4 billion in cash and stock. huntington offering about $20 a share. that's a 31% premium to monday's closing price. the new company will have nearly $100 billion in assets in eight states. huntington ceo will join us at 6:20 eastern time. and lululemon shares moving higher after hedge fund loan pine capital disclosed a 5% stake in the yoga wear maker. loan pine is run by stephen mandel. now owns about 6.4 million shares. >>> j.p. more began chase will pay a little more than $1.4 billion cash to settle a financial crisis lawsuit. they had been accused of draining critical liquidity from lehman just before the collapse.

i talked to joe weisenthal about 3m, a stock we don't talk about enough because it is a boring stock from minnesota. but the idea of a rollover to come on. it's not even a correction. is it an opportunity to acquire blue chips? bob: my view is yes. the u.s. economy is not great, but good enough. at some point we will have some stabilization in china, which is clearly struggling as the economy slows and they are trying to rebalance it. when i look that get 2015, among the best purchases we made for of clients were in the month august. i when they are on sale and uy when they are on sale and there is blood in the streets. scarlet: u.s. stocks have been tumbling. all 10 industry groups have declined. all this because china devalued its currency for an eighth straight day. you mentioned that it's a good opportunity to pick up blue chips like 3m, but the real pain has been in some of the small caps. we are seeing small cap trading below where it was in august and september. if you look at the s&p, that is trailing. when is it time to buy the areas that have gotten obliterated? bob: i thin

this is actually video sponsored by 3m. >> 3m created a screen protector like what you see in planes where you can see it straight on but off to the side it goes opaque. he's explaining his weird behavior. >>> new year's day, perfect time to go out and play in some fresh powder, right? well, i don't know if this guy snow bike out, and well, he's about to meet up with some folks -- >> oh! >> of all the places, are you kidding me? >> road traffic accident in the middle of the mountain, in the middle of nowhere. >> he was able to get his bike back down the hill. but he's probably got a little front end damage. >> how about a little toilet bowl cleaning? >> that nailed it. >> he's like, just don't hit the tree, it will be fun but just don't hit the tree. >> that's the problem, if you look at something, that's what you end up hitting. >>> she's trapped in the bathroom. but there's no wasting time. she's putting a video together, two, >>> she's celebrating the fact that he now has 10,000 subscribers to her youtube channel, featuring her eating massive amounts of food in a short amount of t

what about 3m? wh about its ceo ? he refused to lel the strong dollar get in the way of growtwt the consumer business is on fire. it was in perfect condition, product lines once again causing it to grow. it is a fountain of inventn. over add johnson & johnson. i have beeeewaiting for the company to get the lagging medical device business and he did it, bucking the entire anti-health care move. the stock can go higher given the outstanding growth the division is showing. i do feel terrible that 3,000 people had to be let go as part of the restrucucring that got j & j's mojo back. everybody was freaking out about american ex press quarter, everybody leaving home el witht it. we saw amazing numbers from mastercard, visa, paypal. it's clear the companies are taking it to american ex press. they are all better run.n. they are. who wants to compete with dan schulman, three good ceos from mastercard, paypal and visa. visa up 7.4%. mastercard, 6.71% and paypal, 5.5% today. they were the leaders of this stunning rally. there i

what about 3m? whatbout its ceo ? he refusedo let thstrong dollaret ithe way of growth. the consumer busess is on fire. it was in perfect condition, product lines once again causing it to gr. it is a fountain of invention. over add johon & johns. i ha been waiting for the companto get the lagging diusesan did it, buckinthe entire antiealth care move. dision is showing. i feel terrible that 3,000 people hado be let go as part of the restrucring that got j & j's mojo back. everyby was freaking out about credit cards becausef the american ex presquarter, everybody leaving home el witht it.weaw amazing numbers from masterca, visaal it's clear t compani a taking it to acan ex press. they are all better n. ey are. who wants to cpete wh dan schulm, ree good ceos from mastercard, paypal and visa. visa up 7.4%. mastercard, 6.71% and yp, 5% t they were the leaders of this stunning rally. theris bias againsfast food but what steaerook is doing at mcdona's is astounding is man is a miracle work. by simplifying the menwhich mimizes miakes a adding less than 400 calories he made gave

then a couple days later we get a good number from 3m on top of a very positive quarter, some health relates from united technologies. all these companies' sales and earnings were supposed to be crushed by the strong dollar and weak orders. this morning even caterpillar reports a quarter that's not as horrible as people thought, including the analysts from goldman sachs. and the industrials become market darling again. money is now pouring into them. the group just got too hated. i think this sea change gives us a bottom to buy, and more morn honeywell as former reported of what i thought was the first of good numbers. honeywell could become mighty attractive. airbus is laying some big orders. that apparel was miserable. all those stocks were hammered mercilessly. then there's the curious case of underarmour when an ammist over at morgan stanley slapped a sell on the stock, scaring the dickens out of the everyone. i told people you never made a dime betting against kevin plank, which has a particular set of skills. sure new underarmour shot the lights out, sending the stock up a magn

honeywell. 3m, j & j, visa, mastercard. paypal, mcdonald's. procter & gamble and microsoft are now go-to names. each ceo , congratulations, gentlemen on a great quarter. thanks for everything you do. i want to go to kyle in my home kyle! >> caller: boo-yah out of rutgers, camden. how's it going? >> all right. how are you? >> caller: good. tcyo and jci. what do you think about tyco's shareholders? >> everybody hate it is deals, kyle. any time a company is buying another company in 2016 it's been ignored and hated and that's wrong. i think jci, the ceo should come on. that's a winning deal. maybe not tomorrow, but it will be. all right. my hat's off to these guys. we saw terrific quarter this is week. these all-stars are go-to names. remember, we could have down days next week. no reason to chase. this market always gives you a chance. much more "mad money" ahead. ethan allen starting the year with a strong earnings report. i will see how they redecorated the balance sheet with the ceo and let's end the week with a super freaking friday edition

. >> climbing oil prices and good news from several big companies like 3m rallied the stocks. the nasdaq was up 49 49. >>> this time ford is recalling nearly 400,000 pickup trucks. the company says air bags installed in 2004 through 2006 ford rangers can explode with too much force causing injuries. the you have one of the affected trucks you're going to receive a letter in the mail next month so be on the look out. >>> flying on jet blue will get the airline just announced changes. including inseat power outages. free wifi, video screens on seat backs will be high def and bigger and receive more than 100 tv channels. the upgrades will be complete on all planes in 2019. >>> you won't need your credit future. chase is going to use your smart phone instead of a card and withdrawals. you will be able to take out ones, fives, 10s and 20s. >>> you are going to need a go prohero four black or silver and an iphone with the latest all you do is send out a tweet and start broadcasting. go prois promising live broadcast for the upcoming x games and broadcasts from drones are also now po

also better earnings, interpreted better, that is, from 3m, sprint, coach. we did see that rally yesterday. we'll see if this futures move hangs on. in part, we're following europe, which did open -- >> it opened down half a percent then rallied up half a percent. there is crude for you down 3.6% for wti. just holding above 30. brent just shy of 40. a bit of volatility this morning. pay attention at 10:30 a.m. eastern. that's when the latest oil inventory data will be released. late yesterday, oil changed course, giving back its gains after the american petroleum institute showed a build of 11.4 million barrels of crude in the past week. >> and just to put a number on the u.s. stock market, down 7%. so not a bear in a bear. >> no, absolutely not. >> china down 22% for the year. the big market focus today will of course be the federal reserve. synchronize your watches. here's the countdown. we're now less than nine hours away from the big policy announcement. remember, this is not a press conference. this is a decision on rates accompanied by a statement. the

andng earnings from 3m procter & gamble have been helping the state of things in the united states. european markets did at the beginning of the session but recovered earlier to end in positive territory as oil prices gained and strong earnings of the site of the atlantic helped. if we look at some of these earnings as we look at news in were, shares of siemens among the winners in frankfurt. the company reported a 42% jump in quarterly earnings. orders rose by more than 25% last quarter, boosted by a weaker euro. siemens also announced it would by a u.s. maker of simulation software for $970 million. j.p. morgan chase is settling a lawsuit that goes back to the collapse of its rival lehman brothers in 2008. the settlement will cost j.p. billion..42 in return, it can walk away from drained at that it lehman brothers of cash before it fully. creditors said it takes directed -- it extracted a windfall at their expense. france announced a plan to help livestock farmers. the money will be paid out to help farmers with a slump in working very prices. poultry farmers will receive a piece

matt: sprint and 3m right now. let me give you sprint.pany sees full-year adjusted at 9.5 to $10 billion. total net additions in the quarter were hundred $91,000. was $1.9 billion. the question is what going -- what is sprint going to do about its workforce? you want to watch sprint for job cuts. the company has already said it plans to cut 2500 jobs as part of a plan to cut $2.5 billion. if you type in sprint or any company on your bloomberg gominal and then type in oss , you can see a depressing chart of when the company has cut jobs as far as the run of its share price as well. i got that up on my terminal if you want to take a look at that. meanwhile, 3m had fourth-quarter adjusted eps of $1.66. was $1.62.e these are beating estimates. sprint was gaining in the premarket, 3m ginny in the premarket as well. futures as you guys been mentioning today are up right now. we are seeing positive moves in the u.s. market. even as you had this huge tumble and chinese markets overnight. stephanie: i want to take you back to sprint right now. we

he egs specially 3m a big contributor, up more than the s&p, up 1% and nasdaq less than that.ne of the other big winners today, weight watchers oprah winfrey's big loss is the company's big gain, up 19%. the stock popping after she tweeted this commercial. >> that's the genius of this program. i lost 26 pounds and i have eaten bread every single day. >> oprah has been on the weight watchers program since october. remember, that's when she took a stake in the company and joined its board. >> has she ever lost any money on anything? >> has she ever lost weight before? >> no that has fluctuated like the stock market. >> her gains seem pretty consistent, her financial gains. >> eric points out factoring in the number of shares that oprah owns of weight watchers if she lost 26 pounds, she gained about $2.4 million for every pound lost. that is astounding. >> that's a motivator for you. i love that we're now talking about people who are tweeting commercials. >> low barrier to getting commercials out there. by the way, the fang stocks, facebook, amazon, netflix and google, they are k

look for data on home prices and consumer confidence and earnings from 3m, dupont, apple and also the fed begin two-day meeting today. falling 209 points to 885 and ahead of the open, futures are higher. >>> meanwhile, president obama will propose expanding access to retirement accounts when he issues his budget next month. that, the white house says, could benefit more than 30 million people the way it it requires people who don't offer 401(k)s to enroll workers in an ira exchange for a tax credit to offset the administrative costs. >>> and sprint is cutting off 2,500 jobs as it it looks to slash costs. most of the costs are coming from the company's call centers. "wall street journal" reports it will offer $5 off of their wireless bill but there is a catch. if you opt in, you'll have to put up with more ads on the screen when you unlock your smartphone. but you can ditch the ads by saying you like or dislike the content. sam and laura, back over to you. >> i wonder which direction will people will go in there. >> one direction. >> yes, exactly. >>> super bowl l the only direction th

home prices and consumer confidence and earnings from 3m, dupont and apple.ow jones fell to 15,885 and nasdaq fell to 4,518. >> thank you. >>> now your nbc 10 first alert weather. >> it's 5:26. 24 degrees. we're back gnat cold soon this morning which means icy spots, refreezing overnight. we'll see sunshine, boathouse row to start with at least. then a chance of some showers this afternoon. this morning, jessica boyington is in the first alert traffic center. >>> we're watching voorhees, new jersey around rowt 73 at cooper road. no problems really there. you can see some snow still over into the shoulder. that's pretty much the story all across the board this morning. we have a problem in new jersey. i'll tell you where it is and what it is when i come back at 5:30. >>> and good morning, i'm matt delucia live in norristown. icy streets and sidewalks as you head out the door this morning. be careful. there are still snow covered streets out here as well, still yet to be treated. we'll give you a live look at the conditions we're seeing, next. since 1961, pearl

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reportera: no permita que emigrÓ 3m, antes de enviar dinero, para su investigaciÓn y nunca mande dineroe puede generar malestar en estos primeros meses del nuevo aÑo. patricio hurtado y mendoza nos cuenta que pueden hacer los jefes renovÁndose deudas. patricia: se pasÓ la navidad y proteger a las deudas que quedan atrÁs, algunos compradores han aprendido su lecciÓn en otros aÑos. >> estoy impaciente de que endeudarse no me lleva a nada. patricia: pero segÚn los expertos, las agencias de hacer cemento de crÉdito para los consumidores tienen un aumento de un 25% en enero, de personas buscando ayuda para combatir el problema que han creado. si usted ha quedado con deudas de tarjetas de crÉdito, y recomendaciones que debe seguir inmediatamente. >> primero que nada, lo que tiene que hacerse que cuanto debe, chequear el nÚmero de tarjeta, se realista y bueno, hasta en tanto, 5.10, $15,000, ver cuales son tarjeta de crÉdito que mÁs intereses que cobran. patricia: estas son las tarjetas culo debe de pagar primero, ademÁs. >> si te mueve buen crÉdito, los votantes que puede ser una transferencia