caterpillar remains cautious.inancial company is planning to build mergers and acquisitions teams in europe and asia to attract new businesses. has an 80 person strong team based in new york. it will help lending and revenue streams. the shares are up .8%. betty: its a $400 billion market for the u.s., but american companies are finding it tough to do this is in china. let's get to beijing and bring in the vice president of the u.s. china business council which represents over 200 american companies. first off, what is going on here? what has changed? what is making it hard for you in china right now? >> what we see from our member companies is that while china's top line reform rhetoric has promising, the reality is the action and implementation of -- has fallenked far short of what the rhetoric has suggested. our company continues to see china as an important market, $400 billion. the question is whether it is a place to do business or if they can affect growth the way that they should be. to try tolike quantify

you have mcdonald's and caterpillar, 3m also has good earnings. caterpillar to meet the highlight. raised its outlook for 2017 for earnings and revenue. they did warrant volatility but it was the revision of the full year that propelled stock higher. people are eating burgers again. .cdonald's up 3m also be on top and bottom line and did raise its forecast for 2000 and 17. stock slipping into positive territory. earnings coming in hard. wiki. about fundamentals are good. the data today shows some fundamentals are actually good. jonathan: i'm not eating burgers. david westin might be. david: i will buy you one. jonathan: done. binky chadha is with us. michael shaoul is with us. let's begin with you. much has been made about 18 times earnings. 16 times forward earnings of the s&p 500 next year. the story in the earnings, it validates the price? michael: once you have a high multiples are veterans are continuing to get better. s&p sensitive groups of the , it looks as if the strength in global economic data, i would focus on the global part of that , is turning into a better earnings

caterpillar, interesting enough, what's good for caterpillar is brad for oil. because north american oil and gas capex was a bill big part of this number. it's getting better and better. they are recovering for caterpillar, if you are a bear on oil, you got some message in there. you have earnings, lack of regulation or any new regulation. will you have some tax reform then the market gets pulled out underneath you. i believe we are set up for a 2%, a 3% drop. >> how do you position for that? >> you go to record high, that itself the hard part, right? >> just a handful of days. we were sort of kissing up to the 100 day. we can be down pretty quickly. a 3% move could take place. when you position that, i'm long on home builders. i'm long by monsanto. i think that's a defined upsize strategy. any time that trade happens, it comes off the table. >> every time we get a sell-off, it bounces right back. >> true. >> it's lashed to thread the needle. i want to make a clip. of course, i don't want to break. i try to clip those when you can. >> goldman sax, guys, right,

caterpillar -- goldman-sachs went from the biggest bear on this stock to the biggest bull.even gold man didn't think that -- caterpillar has what's known as enormous leverage, and in this case i don't mean debt with the ability to muscle somebody else, cat has operating leverage on a scale that can generate large profits. it's backlog was up big, allowing management to raise its full year-out look from $2.95 up to $3.75. and given how low -- i believe there will be many more upside surprises ahead, i think caterpillar stock has got a lot more room to run. as for dupont, the turn around mastered by ceo ed green continues. here's another head shaker. the company earned $1.64 per share, much better than the 69 cents the market anticipated. in all the years i have followed it, we're kind of used to seeing dupont merely meeting the numbers, maybe exceeding bring a penny or two. it's all about being able to charge more and have better sales, known as organic growth, which was up a surprising 5%. dupont's got so many things going for it, from the wildly strong agricultural number

. >> what's happened with caterpillar?leverage and a lot of people think leverage, what does that mean, leverage with the president with congress or leverage -- >> leverage as in debt, how we typically refer to it. >> exactly and the leverage here is when you have a dollar in sales, a huge amount of money is falling to the bottom line here. that has to do with the fact that caterpillar has streamlined the company in a way that they can do 9.8 billion in revenues and just have a monster increase even though they did 9.5 billion a year ago. so you take that just a small amount of revenues but you've g got $1.28 in earnings versus 46 cents the restructure. if they have a big year and they will have a big year, you're going to see dramatic, and i think that frankly far in excess of what they are saying they're going to earn. i mean, i think this could be, when you see mining minerals part of the business come back, construction come back, when you see china as strong as they are, this stock is heavily shorted. it's been the he

look at caterpillar. line dragged up the whole sector, the whole machinery sector, and anything in that ree machinery area was stronger today, and because revenues are much, much better, revenue drought we had for many, many years, we are finally starting to see it make a difference. that's one of the reasons markets are moving up because it's hard to fake it on the top line, a lit easier to fudge on the bottom lines, and the market loves that when the revenues go up. >> so up more than 230 points on the dow and the nasdaq above 6,000 for the first time in history. stay tuned for that flood of important earnings reports coming up on second hour of the closing bell. >>> welcome to "closing bell," i'm sara eisen in for kelly evans. bill is rejoining us in just a minute. let's see how we finished a strong rally day on wall street. the dow closing up 1.1%. that is a gain of 232 points. s&p 500, up six tenths, just a few points shy, less than half a percentage point high of its own record close. nasdaq star of

at caterpillar, emerging from a four-year slump. world's biggest maker of construction equipment posted first-quarter earnings with more than double the median estimate. caterpillar also raised expectations for sales and profit in 2017, based in part on an improving outlook on china. the chairman of honeywell says europe needs to change its social labor laws. david coke on bloomberg television on the confidence of increasing the workforce. >> look at france. it is very difficult to do business there. if you ever try to lay some of the off or make an adjustment to business, all that teaches you is, i'm not hiring here anymore. mark: he had just stepped down as honeywell ceo after 15 years. costsng up efforts to cut and get rid of unprofitable contracts. jorge eckhard is trying to revive it, and he spoke with bloomberg elevation. networks a business in . we are stable and we see we are actually very competitive with our platform. i was introduced about a year ago. 50% penetration and we are on track to do that. mark: ericsson announce

caterpillar up 6 1/2%. those two, mcdonald's and caterpillar up.rted territory. the cac quarante in paris up. in asia overnight gains here, in hong kong, the hang-sang is up. netflix, the street being company enters a deal that has stock up as well. the president set to start making changes by cutting the corporate tax rate to 15%. adam shapiro is with details right now at the white house. adam, good morning to you. >> and a good morning to you, maria, the president promised this on the campaign trail. he wanted, as he said last week, a massive tax break, not only for individual americans, but businesses small and large and 15% is what he talked about on the campaign trail. wall street journal says the president ordered the staff to make it a 15% proposal. later today you'll see power players on capital hill, steve mnuchi mnuchin, gary cohn, they'll meet with orrin hatch and kevin brady, house ways and means committee chairman. these are keys necessary to get the tax proposal, the tax eventually through congress. we asked secretary mnuchin yesterda

caterpillar, john deere, there are areas people are chasing and catching. >> you're in caterpillar. must be pleased with the share. is this a bellwether because they talked about a sharp bounce in energy and transportation. >> think rally is about earnings. it started when financials reported better than expected earnings and didn't rally on the news. they were kind of sideways. maybe got a bit of weakness in some days. i took advantage of that and bought some. then you've had betterin earnin in discretionary and housing. 74% are beating. 14% are missing. that's a good rh owe. stocks follow profits. if profits are going higher, because fundamentals are strong, they're, the market is going to go higher or those stocks are going higher. i'm encouraged that cyclicals are leading. >> i'm going to soupd like a broken record because i was here yesterday and we talked about all the different things, the possible land mines as mohammed called them yesterday for the tape. north korea. we've got a looming government shutdown. don't know what is going on with tax reform, yet, here we are, reco

you can see caterpillar is the big gainer, but dupont and mcdonald's both um by better than 2%.oints to the dow. we were up by about 50 points, but you can see things have taken off. we'll talk to an analyst about mcdonald's in just a moment. we have a key read on the housing market. the february case-shiller report is expected to -- and there's a dispute arising over just how much saudi aramco is worth. the "wall street journal" is reporting that the company is worth about $500 billion less than the $2 trillion that the saudi government has suggested. officials working on the deal have worked the numbers in a varies of ways and reportedly can't come up with more han $1.5 trillion. still a massive ipo. >>> joining us now is will slaybaugh on the surface, top line, bottom line guidance looked good. is it? >> i think it's very good. i think it was a poorly kept secret they were going to have a good quarter. so most expecting things to be better than where the street numbers where. i think the biggest thing by far is the u.s. beat. i think the investor bar was some of the in the 0.

, caterpillars need leaves, the trees need leaves, the trees need a good environment. so if i could snap my fingers and make a change, it would be to reverse climate change, but i cannot do that. so i write books instead. >> thank you, professor nobles. gregory nobles: thank you, professor phyllis. [laughter] >> as a fellow fellow, this is a fascinating talk and another fascinating project. i have one question about audubon and one question about the project. the question about audubon, following on the previous question, audubon lives at the time when extinction seemed like it could be donning on people . what is audubon's awareness or belief in extinction, and how does he see population thinning or habitat change? gregory nobles: ok. >> in his research. gregory nobles: audubon has a wonderful but i think also depressing habit of seeing catastrophic things on the horizon and saying, but it doesn't matter. i will give you a couple of examples. there used to be these huge, massive flights of passenger pigeons. and everybody tried to calculate how many are there. so alex

caterpillar with the more earnings than the estimates.in and netflix, so which stocks can pull the nasdaq to 6,000 over a longer term. dahm with that. >> melissa the first time we crossed into that we saw the era. after that rerovered it back in mar of 15. after that we got back to the recovery of dot come back in the '99 era. check out some of these performers because they respect some of the bigger numbers out there. intuitive surgical up 60% during that time period. facebook shares up 80%, and netflix shares, more than a double. we know this the stock continues to soar here. amazon dot come perhaps that surprise there. knocking on the door of alphabet microsoft and all the other big ones out there. interesting enough guys, the one that's done some of the heavy lifting here check out the 360% gain and shares in productive maintenance and video ya they specials in laptops, those names a battering that got us between 5,000 and 6,000. back over to you. >> incredible and we're going to see that and raise you as well in america. we want you

trucks as they take the caterpillar trucks as they take the rockets and missiles away from the rocketsles away from the square. he was the man who began it all, the nuclear weapons programme began in the 1980s under his watch, and since then his son, kimjong—il, his watch, and since then his son, kim jong—il, and now his watch, and since then his son, kimjong—il, and now his grandson, are carrying on that ambition. experts believe that with missiles, r experts believe that with missiles, weaponry like this, they are just a few small steps away from having a real deliverable nuclear arsenal. and, of course, once they reach that stage, it is a game changer in terms of the regional security situation and the global international diplomatic calculation about what can be done about north korea's military ambitions. its changes things for good. the young man sitting up here in those stands has learned that lesson from his grandfather and father before him. many experts will be watching this parade with great interest for any clues of north korea's current capabilities. bring us up to speed w

caterpillar shares rose more than 2% to $96.81. >>> whole foods may go private. albertson's is interested now in taking over the high-end organic grocer. the private equity firm owns albertson's and is said to have approached bankers about making a potential offer for whole foods. albertson's bought safeway for $9 billion about two years ago. shares of whole foods up 2% on the session to $36.46. >>> amazon selling furniture on the platform easier. according to a trade publication, amazon won't mandate the furniture sellers offered nationwide shipping in order to be included on the amazon website. sellers will be able to list their products on the site, choose what areas they want to ship to, and also select what delivery services are offered. wayfair fell more than 5% to $43.48, while amazon gained almost 1% to $907.41. >>> express scripts reported earnings that grew and beat expectations. but its revenue was light. the company also upped its profit outlook for the year and said it would likely lose its largest customer anthem. once their contract expires in 2019

caterpillar crushed earnings estimates and raised its forecast for the year. mcdonald's also reported better than expected results, making these two names the top performers on the blue chip index. dominic chu has more. >> reporter: make it two days in a row. big gains for the dow repeated themselves on tuesday, thanks in large part to a slate of positive earnings reports. the bulk of the upside move in large cap blue chip index came from just two stocks. first it was the biggest construction equipment maker of them all, think bulldozer, backhoes and dump trucks. caterpillar stocks reported better than expected sales and profits and boosted its full year profit forecast as well, thanks in part to improving markets in areas like energy and transportation. so who is in the mood for a big mac and some fries? mickey d's, mcdonald's, whatever you want to call it, topped profit and sales expectations. and it recorded better sales at established restaurants thanks to things like lower costs, all day breakfasts and big macs in different sizes. and shares of the compan

five dow components report before the bell, 3m, caterpillar, coke and miklaszewsmic mcdonald's, we'll also hear from eli lilly and chipotle. james quincy will be on "squawk alley" for an interview at 11:00 a.m. >>> wells fargo will hold its annual shareholder meeting today. the board of directors will face re-election. some major pension funds are planning to vote against most of the 15 board members saying they failed in duties to oversee the company. today's meetings follow the fake account scandal at the bank. a lot of focus on this. institutional share holders voted to vote against 12 board members. mr. buffett is expected to vote in favor of them, but others like calpers are voting against. all eyes on this. at least some will lose and be voted against by shareholders. that will be big news. >> absolutely. >> a big wake-up call for the board because so far criticism and punishment has focused on executives, not the board. >> we'll be watching that story closely. >>> in earnings news, shares of express scripts sharply lower despite a report that the prescription drug manager is lo

the big movers and winners, caterpillar, mcdonald's goldman sachs having the most positive impact. nasdaq up 6 points now. surpassing 6,000 yesterday for the first time ever. helped by names like netflix, facebook and amazon, those f.a.n.g. names, also small cap names participating. the s&p 500 off right now. looking at shares in asia, the bank of japan holding their two-day policy meeting. the announcement expected tomorrow. right now stocks, as you can see, closing in the green. the nikkei up 1%. hang seng higher as well. chinese markets seeing a bit of gains by around 0.2%. in europe, politics and the outcome of the french presidential election sending shares higher on monday and tuesday. on wednesday, stocks under a bit of pressure, fractionally. the french cac slightly higher, just by 0.5%. though we should point out the italian stock market a sizable move to the down side by 0.6%. the ecb policy meeting tomorrow. a lot of talk about whether the political risks subside, whether the central bank will start to look at tapering. we know the economic recovery in wru europe has bee

and missiles away from kim il—sung square. —— engines of the caterpillar trucks.e began in the 1980s under his watch. since then, his son kimjong il under his watch. since then, his son kim jong il and now under his watch. since then, his son kimjong il and now his grandson kim jong—un and are carrying on that ambition. and experts believe that with missiles and weaponry like this, they are just a few small step is away from having a real, deliverable nuclear arsenal. and of course once they reached that stage it isa course once they reached that stage it is a game changer in terms of the regional security situation and the global international dip the matic calculation about what can be done about north korea's military ambitions. —— international diplomatic calculation. it changes things for good. the young man sitting up in those fans learned those lessons from his father and his grandfather before him. john, you mentioned that many experts will be watching this parade with great interest for a ny be watching this parade with great interest for any potential cl

the other half of our business is really tied to on/offload vehicles with folks like caterpillar and john deere. we're very much dependent upon your policies moving forward. president trump: good job. mr. magyari: nice to meet you. my name is doug magyari. i'm the ceo of immi, inc. we're a troy, michigan, company, suburb of detroit. and we're very much a leading-edge research and development company on advanced technologies, and in particular, we've built the most advanced augmented reality and virtual reality glasses in the world. and it's an extremely important technology that's going to affect not only everybody at this table, but really every facet of our lives. and there's military applications and all sorts of medical applications, as well as entertainment. and it's such an important technology that we've made a commitment to manufacture it here in the united states. and we really appreciate what you're doing to help facilitate in making that happen. president trump: we have a lot of plants going up now in michigan that were never going to be there if i -- if i didn't win this

s >> we also had a poisonous caterpillar.n the middle of a live shot, do you see them right there? crawling on my shoulder. i didn't notice he was there. i guarantee you i probably would have screamed. greg gutfeld caught it and of course, he aired a segment on it on "the five." >> tucker: do you ever ask yourself how greg gutfeld caught that? that's a pretty close view of the live shot. did not make you uncomfortable? >> no. >> tucker: do you ever go into the club? >> unless you are a part of the travel pool, no. you are forced to stay outside. >> tucker: wow. is it fun? >> it's really fun. it's a dream assignment. i've wanted to cover the white house. this presidency is just so unpredictable. there's never been anything like it. >> tucker: little did you knowo it would be in palm beach. you have added a whole newew dimension. going to be watching much more carefully. >> you never know what is going to beyond me. caterpillar, iguana.e. >> tucker: that is it for us tonight. tune in every night at 8:00 to the show that is stil

caterpillar, general mountains, all reporting their first quter. amon and microsoft coming up this week. congress gets back to work this tuesday. house speaker paul ryan says congress could vote on healthcare as early as this coming week. friday april 28 marks the ends of the continuing resolution to keep the government funded. unless congress meets an agreement government will shut down on april 29, which is the 100th day of president trump's presidency. that will do it for us on "wall street week." have a great weekend. tune in next week for a must-see episode. i'll see you sunday morning at 10:00 a.m. for "sunday morning futures." >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now, it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you h

three m., caterpillar, dupont and pepsi technologies and valium. durable goods and also gdp. in some home sales. keep it right here on "fbn:am," your first look at morning markets and breaking news. at bp's cooper river plant, employees take safety personally - down to each piece of equipment, so they can protect their teammates and the surrounding wetlands, too. because safety is never being satisfied. and always working to be better. i am totally blind. and for years i've struggled with non-24, a circadian rhythm disorder that can turn my sleep cycles upside down. it kept me from doing the things i truly love to do. sometimes i'd show up early; sometimes i was too late. and sometimes, even though i was there... i didn't really feel..."there." talk to your doctor, and call 844-234-2424 to learn more. did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet s

caterpillar, anything -- there are so many. how do you pick one or two? >> oil.ittle bit. see how they react if it's lower numbers. i like the names and union pacific. >> csx has had boom earnings. they were blow-out. and they're upgraded today. >> union pacific had some problems with weather in their quarter. i like it. it's one of my biggest positions. i'm rooting for it. >> google for multiple reasons. >> alphabet. >> i can't do it either. it's google. >> i want to see what advertising is, important in terms of pricing. masco building products, fortune brands, lowe's. >> are you looking to see what housing is going to do? is it a tell on the broader -- diy economy? >> on consumer spending. are they spending more on their home. what prices are. if the consumer is feeling better they'll spend more and more and you'll see that as well. >> so masco is a name we haven't talked a lot about. friday gm and exxon. >> i own shechevron. >> halliburton but these are the big boys. >> chevron is very interesting because it's down from $117 to $104 and yields 4%. they have g

thesest us, a lot of companies are in the same boat, ge, caterpillar, we need to compete with large and competitors globally. david: you have been running a bank for about 16 years. what is the greatest pleasure of doing this, running a bank? jamie: this is my contribution to making a better world. a lot of people do a good job at j.p. morgan chase, the opportunities for people and for the -- we cannot be philanthropic, if i do a good job, we do those things. i am not an artist or tennis player or musician, i am not a politician, this is my contribution. david: i assume your shareholders would be wanting you to stay forever but have any plans? jamie: i love what i am doing and have the energy and my health is good. as long as the board is happy with me, i will be 65 and five years, if the right person is ready, i should leave. maybe the board asked me to be chairman for a year or two. i will have an afterlife, i will never stop working, i will teach, go on a board, maybe help the government. i will be fully engaged in business. and also try to make it a better country and my wife is dee

>> we saw companies like caterpillar, mcdonald's, 3m, dupont with solid earnings reports. it gained a good 8%. stocks of mcdonald's and dupont all reached all-time highs. blue chips are within reach of a new record. less than 1% missing. it you -- and you mentioned the nasdaq composite. really in record mode on wall street. reporter: and as all your business for now. i will hand you back to brent and a call to action from the u.n. brent: the u.n. says donor countries have pledged around one billion euros in aid to help yemen on the brink of famine. >> 500,000 are suffering from malnutrition. the situation looks likely to get worse. the united nations hopes to ease the crisis. at a donor conference in geneva, the u.n. called on the international community to drum up $2 billion in aid. just over half that amount to be released so far. the u.n. secretary-general warns that humanitarian aid alone would not end the suffering. >> there is no humanitarian solution for the crisis in yemen. it is political. for all the diplomatic efforts to be made in order for a secession of hosti

i mean, there are caterpillar here in illinois where i am. they have a mammoth truck hauler that coal miners operate-- that will not-- will be driverless, technology is taking their jobs, not climate change. david: that's true and mike, there's been a big shift from coal to natural gas over the past ten years, a dramatic turnabout. we use today rely much more heavily on coal than natural gas and jobs, yes, it's true that we've had a lot of coal mining jobs go down, but look at the natural gas jobs go up. we've had more natural gas jobs added than coal jobs removed. >> and technology is a big reason for that, david. technology, if you'd gone back ten years ago, nobody was redistricting this, but it's advanced so much the amount of energy they can produce from shale because of chances in technology is extraordinary. itd' like to see trump abolish the department of energy. one reason why solar has gotten so many jobs. how about $2 billion in subsidies from the doe last year and also stop the subsidies to coals and other fossil fuels. they got 64

caterpillar, iguana. >> tucker: that is it for us tonight. every night at 8:00 to the show that is still sworn enemy of lying, pomposity, smugness and groupthink. you can see "the five" getting ready. they are live from new york city. "the five" is next. >> thank you, tucker. i am jesse watters along with kimberly guilfoyle, bob beckel, dana perino and greg gutfeld. it's 9:00 in new york city and this is "the five" ." the showdown over the right to free speech is intensifying tonight. and coulter vowed to deliver a speech at uc berkeley on thursday even after the school pulled off her scheduled visit. a group of students have filed a lawsuit against the university for canceling the event. a riot erupted over a

i've put a lot of these companies in the same boat, ge, caterpillar. to compete with some tough competitors globally. david: you have been running a bank for about 16 years, so what is the greatest pleasure of running a bank? jamie: this is my contribution to making it a better world. i tell people that if i don't do a good job for j.p. morgan , i hurt the opportunities. we can't be philanthropic. if i do a good job, we can do all those things. i'm not an artist, tennis player, musician, politician. this is my contribution. david: i'm sure your shareholders would be happy for you to stay forever, but you have any plans how long you will stay in this position? do.e: i love what i as long as i have the energy to do it. david: your health is good? jamie: my health is good. thank you. as long as the board is happy with me. i do think there is a time when the right person is ready that i should leave. maybe i will be chairman for a year or two or something like that. i will have an afterlife. i will go on a board, teach, do something to help the government

charles has developed a taste for namibian caterpillars. i absolutely love them.taste like a fried mushroom. next time you're struggling to find a wi—fi connection, consider climbing 5000 metres to everest base camp. that's where the nepalese government plan to install free wi—fi. it's largely to help rescue teams communicate in emergencies, but will be open to intrepid bloggers, tweeters and instagrammers, too. in south africa, a team has come up with a new way to combat rhino poaching. the sigfox foundation has inserted gps trackers the sigfox foundation has inserted gps trackers into the horns of ten wild rhinos. it's estimated there are fewer than 27,000 rhinos left worldwide. by learning more about their movements and behaviour, the foundation hopes to find new ways of deterring hunters. and nervous flyers might be comforted by lilou, san francisco's first therapy pig. other breeds of therapy animal can be found in airports all across the usa, but lilou is a member of san fran‘s wag brigade. their mission: to patrol the terminals and take some of the stress o

caterpillar, rising the most in two weeks after goldman sachs added the company to its conviction listed caterpillar has been struggling after a government rated their facilities and an investigation into taxes and offshore dealings. a 59.6 carat diamond, known as the pink star, sold for $71.2 million at an auction in hong kong, setting a new world record for diamonds in jules. the presale estimate set by sotheby's on the block. the gem is a flawless fancy think of vivid diamond created by the gemological institute of america. that is your business flash update. staying on the art scene, the state of the great american banking family is falling on hard times. weather shield, created by james stillman, the onetime head of the bank that would eventually become citigroup. the foundation overseeing the estate lost $72 million from 1998 to 2015. today his heirs are putting the artwork on the auction block in order to preserve the estate. for more on this let's bring in the writer of the story. this is one of the most read stories on the bloomberg. i guess this really speaks to how people ar

we get earnings from five stocks, 3m, caterpillar', coke, and mcdonald's. the dow rising 216 points to 20,763. the nasdaq up 73 to 5,983. back to you. >> landon dowdy with cnbc. thanks. >> reporter: i'm matt delucia live in center city. the final phase of closures for the nfl draft happens in just about 30 minutes. we'll break it down for you after the break. >>> and garbage disguise. aburgler chooses a -- a burglar chooses a unique look to break into a store. >>> breaking overnight, a water main break. a local street is flooded. we'll tell you how it's impacting traffic. >>> in minutes, the last nfl draft road changes will begin. we'll detail the impacts on your commute. >>> and tracking rain. we'll tell you who could see wet weather this morning and a chance for thunderstorms later in the day. >>> raincoat, umbrella, you will need them both. good morning, welcome to "nbc10 news today." i'm tracy davidson. >> i'm vai sikahema. let's get right to bill henley

today on housing and consumer confidence and earnings from five dow stocks, 3-m, cat caterpill caterpillar, dumont, and mcdonald's. the dow rising, the nasdaq up 73, to 5983. apple has a normal routine when it launches a new phone. the company reveals it in september and shipped it later that month. but a well connected analyst says you may have to wait longer to get the iphone 8. he says production may not start until november or december because of significant hardware upgrades. one version is expected to have a high-end oled screen and a smart camera. and traveling the world but don't speak the language? google is here to help. they will translate into your native language. it will work with google search and google maps. googp has recently added handy features including location sharing and probable shortcuts. back to you. >> i love that. thank you very mump, landon. >> will you love this? another bay area record taking place. bay area has higher numbers of people migrating elsewhere than any other region in the nation. that's the conclusion of a study that found that bay area redfin u

caterpillar's among the leaders today with goldman sachsed adding the equipment maker stock to the buyt citing several factors including cast exposure to under invested machinery markets in the early stages of recovery. there it is. up 2% right now. >> health care stocks lower, though. john harwood has the latest now. >> kelly, neither republican lawmakers nor republican voters were happy at all with the collapse of their health care bill weeks ago. there's animal effort within the administration and capitol hill to resume talks to revive the american health care act, in particular, mike pence has been working with the freedom caucus with objections to the original bill on ideas that might move it more in their direction, which is for less regulation. one option is to allow states to opt out, and another allows them to ovpt out of community rating, but the news conference today cautioned everyone this is just getting started. >> i won't get into the details of the thing other than to say this is all about getting to the stage. we don't have text or an agreement yet. throw around concep