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

and that was exactly what we heard from caterpillar and 3m but not united technologies.gan brennan has more on this mixed picture. >> reporter: amid an on slaught of tough earnings, better than expected sales and profits and raised the lower end of its 2016 guidance. a start contrast to fellow dow components caterpillar and 3m, which also posted results this morning. on a conference call with analysts, united technologies' ceo graeg hayes, chalked it up to construction and aerospace. >> while addressing near-term challenges with the gtf production ramp up, our military businesses continue to perform well. we've also seen solid performance out of our utc aerospace systems business, and ccs. all of these guys picking up the slack. in the end, balance still works at utc. >> reporter: it suggests increasing confidence at the aerospace, elevator and controls company, which has struggled with delivery delays of its pratt and whitney jet engines. analysts say this is a step in the right direction with robert mccarthy calling it one of the less messier quarters in recent periods

final tuesday event, talk about shark excuse of the 3m analyst meeting. this is a company you want to own. the ceo is truly a real deal. having accelerated the company's earnings and revenues while boosting the dividend and buys back stock with alacrity. i think the story will be great. you might have seen ceo tirico last night, even as we no, apparel has soft. that's how a stock goes up 7% in a single session. pvh, amazing. so will be replicated. lululemon reports next wednesday, and i'm fretting. i love the long-term outlook, but it seems to be of more of an apparel outliar for a moment it's hard to tell. after the close wednesday micron, woe is me. and expect this company to post a terrible number. and they're -- more personal computers than oil. if you get bei don't want the pc, it's n xmt pi. you know what i mean. thursday the company with one of the best acting stocks in this entire market, nasdaq, holds an analyst meeting. i have to tell you they exchange stocks are smoking hot. and good demonstration worth of the software, somehow i know there's v

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

proctor, 3m and dupont. what you need to know from those reports. >> and on deck we've got apple and twitter which report after the bell. we'll also get a preview of what you can kmpt. >> t-mobile shares on the rise this morning after strong earnings. john legere will join us onset fresh after his company analyst call. first up, beating the street with quarterly earnings on squawk. saying did help results. >> if you look at the margins, core gross margin up 270 basis points. core operating margin up 300 basis points. that's net of the fx headwind. so it's really giving us the ability to continue investing in markets to continue to serve consumers and hopefully to reaccelerate top line growth. >> that is key. organic sales up one, which is not as good as unilever or lo real. >> does more merging growth. they have these divisions that have been bad for ages. grooming is bad again, decreased 1%, u.s. offset international. beauty plus one. i mean, baby sales decline. that's that kimberly-clark price war, but the

he sell add lawsuit against 3m several years ago but he says 3m breached the settlement agreement byg to take credit for the post it. now he wants the company to admit he invented it and he wants $400 million. >> i'm an inventor. my livelihood is based on inventing, and if i don't get recognized for the april vinces i claim to have invented, well then that's a knock on to my credibility and knocking on my credibility knocks on my livelihood. >> 3m says it developed post it notes without any input or inspiration from this man it's false and misleading for him to suggest that he created it, invented or had any roll in the product's development. >>> the city of wilmington, delaware getting ready for a weekend full of st. patrick's day festivities and that means it's painting the town green. well at least the lines on the road. the irish culture club of delaware paining the lines on city streets around rodney square a festive green. >>> well we see a lot of surveillance video showing crimes but none quite like this much these guys seem to have had ever intention to break into this store

caterpillar, verizon, united technologies, due ponts and 3m all topped earnings exs while mcdonald's did as well. its shares, however, came under pressure because of a slump in same store sales. that metric didn't measure up. the bottom line results may have looked okay, all of the global companies at h. a little something different to say about their outlooks. start with mcdonald's. it disappointed with global existing store sales growing only a little more than 3%. that was less than the 3.6% investors expected. so the boost from all day breakfast may be losing steam. still mcdonald's has now posted four straight quarters of positive sales. beat revenues forecast. they dimmed the outlook for the rest of the year and announced more job cuts. continuing r continued strength of the u.s. dollar is denting cats's global sales and hurting demand for its heavy equipment. >> it's been a clalging period. what i'm most proud of is the way our people are responding, the way we're getting after cost structure and restructuring and getting through there in a way we never have in prior down turn

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

francine: let's focus on 3m.y and you need to understand the company, but then you look at 3m sales that are dragged down by weak electronics, and they are also hurting by a stronger dollar. those are events outside your control as a researcher, but it is impacting share price. seth: a great point. that is why risk management is a key element of any portfolio, both at the level of an individual's security. when you are buying it, even if you like it, you should never own too much. folio perhe overall you have to think about your long-term objectives and taken .f risk secondly, we think it is really important in today's markets to have strategies that are nimble and can calibrate as markets are moving, taking a little bit of money off the table if risk is escalating and you are not being paid for it. that is the big issue of late. francine: how difficult -- this could be applied to so many stocks and especially the banks in europe. 3m is announcing a restructuring effort. how difficult is it for a researcher to sa

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and the men's diving 3m springboard final takes place this afternoon. am herself native michael hixon will compete in the semifinals this morning to determine today, former pats' player aaron hernandez is due back in court. a judge here expected to set a start date for his double murder trialed. prosecutors say hernandez shot and killed two people outside a nightclub in 2012. he's pleaded not guilty to that crime but is already serving life in prison for the murder of semi-pro football player odin lloyd. also happening today, family and friends will now be saying a final farewell to the woman killed out for a run in princeton. the funeral services 27-year-old vanessa marcotte will happen later today in her hometown in leominster. then she'll be laid to rest in westminster. dozens of people attended her wake in fitchburg on monday. marcotte was jogging just about half mile away from her mother's home in princeton when she was killed. police say they have received more than 600 tips since discovering her body last sunday, but so far they haven't made any

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julie: we will be watching 3m with you and the overall market. thank you so much.e bloomberg markets next. ♪ bonnie: live from bloomberg world headquarters in midtown manhattan, you are watching bloomberg markets. on vonnie quinn. -- vonnie quinn. mark: hillary clinton is the jobs in michigan about the economy. mrs. clinton says the first economic challenge is how to ways -- raise wages. she says is make companies that have inverted get back tax breaks they get by moving their headquarters to other countries. she also said he was workers have not seen promised trade benefits and she would expand u.s. reaction to charges of currency manipulation. we will continue to follow mrs. comments throughout the afternoon. mitt romney would support an effort to deny donald trump a nomination at the republican party's convention in july if he doesn't have enough delegates to win outright. romney spoke to mark halperin. continue tohe might super pac efforts attempting to block trump from getting the nomination and added he may write in a name on the presidential ballot if trump

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dupont rose while 3m and procter & gamble were lower. >>> health care and information technology were way on the mark t. dow rose to 17,990 t. nasdaq dropped 7.5 losing 6 since january. the s&p 500 added nearly 4. >>> the federal reserve scheduled a two-day meeting today. it is a virtual certainty policy makers will hold steady. steve leishman explains the discheck. >> reporter: the cnbc fed survey shows markets are defintively not looking for a rate hike. 100% of those surveyed say, 94% said the next move by the feds will be a hike. they are looking for a later, looser fed. they responded in a calm and fun matter. they can see the next rate hike come income august. that's two month later than the prior survey. here are the expectations for the full fund rates. the blue line is the average. 2.7 for the long one. you can see this is closer but still below where the median of the federal open market committee officials are. so the biggest gaps there being in 2018, nearly a percentage point. where the fed rates will be and the market rates will be. looking at the chain, it will take the

. >> reporter: and in 2008 about 14 years after specializing in automotive foam products, 3m, having noticed the upstart competitor, offered him a deal he couldn't refuse. >> we were bought out by a $28 billion a year company. >> reporter: the terms of the acquisition weren't disclosed but one of the patented products 3m definitely didn't want was this tough as nails sponge kraus initially designed to clean mechanics' hands. >> we took the product, we made about 100 of them, put them in a box, i labeled it "junk," put it in the back of the factory, and that's where it sat. from 2008 until 2011. and what got it off the shelf? >> i got to credit my wife. >> i asked aaron to come out here and clean the lawn furniture. >> i was looking at it, what am i going to use that's not going to scratch the paint off of this? got those old sponges, i'll have a use for them, use them, throw them out. >> reporter: he grabbed one of the rock-hard plastic scrubbers and plunged it into a bucket of warm, soap why are water. >> and it wasn't -- >> softened? >> totally soft. i said, what's that? the thing'

kicking off with 3m. hit a new high earlier this week in anticipation of the quarter. that however is precisely the problem. classic growth companies like 3m, with stocks that have run up into earnings have performed in a very suboptimal way, even if they beat the numbers. as we saw the stocks with ge and honeywell after they reported better than expected numbers. if you don't own 3m, may i make a suggestion? why not wait until after it reports. next up, dupont. it's merging with another chemical company, dow chemical. that reports on thursday. it's not fashionable to tell people to hang on to a company stock after it announced a deal. this is not just any company run by just any ceo. dupont is run by ed breed who created a monster amount of value wherever he worked this. guy is one of the best ceos in america. his vision of creating three more focus companies out of the dow/dupont combination two, companies breaks into three including the number one seed company in the world after the merger, should make you want to be in dupont before and after the deal. my charitabl

lot of guys that look like you that sing opera. >> not a lot of guys that look like me that work for 3m. i think that the opera world is a microcosm of the real world. the real world doesn't all look like us. you have to find a way to overcome that. >> reporter: after years of establishing himself in italian and german operas, robinson is tackling rolls he aroidvoided for the majority of his career. >> i'm a big black guy, i'm a bass, everyone who sees me and hears me speak thinks two things, sing old man river and i bet you can sing corgi. >> reporter: he started with showboat. and now looks to milan as he prepares to play the lead role >> i've seen both sides having gone to school there. this story is written about blacks from the other side of the track who weren't afforded the opportunities i was afforded in that very town. >> reporter: robinson hopes to reach a new audience, willing to take a chance on an old classic. >> everyone can't sing like michael jackson or beyonce or rap like jay-z, but that doesn't mean you can't express yourself musically. two chains and jay-z should know

thank you very much. >> ceo of 3m. okay, coming up, a cheap trick as you listen to some cheap trick. why cheaper isn't necessarily working in this market. we'll explain. first though, investors are loving bleach, blenders and a cincinnati bengals. check on a few stocks hitting all time highs when "power lunch" returns. >>> bleach, blenders and the cincinnati bengals, what are in common? they're hit you new highs in today's session. bleach, we're talking about clorox. all these by the way, they since turned to the red. they did hit new records. it is down by .7% right now. blenlder maker stanley black & decker trading the highest level since stanley works merged with black & decker in 2010. that stock retreated from the highs, now down by .5%. as for the bengals reference, check out shares of cincinnati financial off new highs. so if you're long in any of those stocks, you're having a great day. since today is friday the 13th, we want to know, are there any stocks you should fear? head to our website to weigh in. we'll

by september, after just nine months on the market, the industrial giant 3m bought a minority stake. strong arm's 2016 says are expected to top $3 million. but in just one month the company says it is more than halfway there. peterson says 3m's presence validates his heavy lift. >> to see them going home with less pain, that's what keeps you going. >> strong arm's been selling to retailers who in turn sell in bulk to businesses that are paying anywhere from $200 to $700, depending which item and how many they're buying. >>> that is "nightly business report" for tonight. i'm sharon epperson. thanks so much for watching. >> i'm tyler mathisen. have a great evening, everybody. we will see you on monday. >> somebody unleashed the tigers and they're all in new hampshire! of thering you the lay land, four nights out from the first in the nation primary. tonight on "washington week." >> secretary clinton does establishment. i remember, i hope, ordinary americans. >> enough is enough. to say, sayomething it. >> sanders, clinton. fireworks! >> in my view, the business fraud.f wall street is >

and 3m also on the dividend side of thing, upping its quarterly dividend to $1.11 per share. the board authorized its own buyback. 3m sayings it will hold on to its health information systems unit, which provides software to health care companies for coding and performance tracking. last year 3m said it was exploring options for that particular business. >> a few more stocks to watch here. the wall street journal reporting that starboard value has taken a nearly 7% stake in marvel technology. that position will be disclosed later today. it adds to pressure on the chip maker, which is facing probes into its accounting practices. shares down 44% in the last year. a mixed set of results for lenovo. fourth quarter beating forecasts, but that was shy of estimates. the hong kong based company weighed down by that continued slump in its pc business. but its mobile division, which is driving profits, managed to narrow its losses thanks to job cuts and inventory write down. the financial times reporting microsoft is buying swift key. it's a london based keyboard app for about $250 mil

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

we'll the presential candidat as they prefor i'llavyour recaat 4:3m. aryour day morning da >>> breaki news toght. we're on the scene of a deadly tornadoure several states, mes destroyed. hohildren bracing themselves a dangerous night aheafrom south carolina all the wayp >>> so breaking tonight, the raceor president, and donald trump, now marching to super tuesday. hilandslide win in nevada. anthe major publican now >>> the abc news excsive night. myne-oone inteiew with ple's ceo, tim coo for the first ti, co on wh apple efusing to hp th fbi break into the iphone us >>> new details tonighon the pilot in that deadly cpper crh. reporter, the "danci with the sts" hos erin andrews, sng her stalked a major tel tonigh did ey put the sta right next door? her father tonht, breaking down. >>> good eve tonightrom san francisco. and we are here for our exclusivinterview with apple ceo tim cook. for the firsttime,nsweri questions abo why apple will not help the fbi break inte iphone used the gunman in s dino. > but first tonight, the horrific sne playing out across

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

or how about this morning when illinois tool works and 3m from buy to hold. i totally get these stocks have had nice runs. illinois tool works traded as low as 79 in january of this year. it's now at 123. 3m, 171, up 30 points from its low. what are you supposed to do? when are you supposed to get back into these stocks if you sell them? 3m is up nearly 14% for the year. you want to buy it back when it's down seven, down ten? that's too cute by half. plus i don't want to rub it in anyone's face, but on january 22nd of 2016, goldman sachs downgraded caterpillar from a it called an extended commodity infrastructure downturn. that was when the stock was in the 60s. the analysts used the price target of 51. today, cat's nearly up to 93 bucks. i'm calling it ill advised. finally, consider today's trashing of apple by oppenheimer. in a piece titled "the first crack," opco said it expects iphone sales to peak in fiscal year 2018 and that apple has nothing else to tap why? i quote. we believe apple lacks the courage to lead the next generation of innovation. instead

there's some challenges. 3m on the other side, consumer electronics.nder armour, the spend, the spend that he's talking about in order to stay in place is really worrying people. the conference call is a very grim conference call. from the 50 people that got on it are saying what the heck is going on because they have to spend more money on their retail store and infrastructure. so united technologies which is better than expected. we've got proctor and gamble putting up unbelievable numbers, including grooming. and then dupont with a remarkable cash flow. $1.3 billion improvement. brazil actually positive because of real. ye, it's pushed back. businesses push back on the dow dupont. but ed greene told you that there was fat at that company. nelson pelz told you there was fat at that company. it wasn't fat, it was obese. it was obese. >> as you say, of course, the big future event is the merger with dow. there continues to be concern on the regulatory front. i know we'll be talking about that when it comes to at&t and time warner and their potential de

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.