interesting bar bell here, strength in caterpillar, weakness in 3m. >> 3m and utx. caterpillar and mcdonald's benefiting from their beats shows you the magnitude of how emphatic you have to be, just because of how well things have done it's a net bias to the upside, i think. the market still wants to lean that way beyond the earnings, banks up 1.5% that's been the seesaw for a while now. >> 3m below 200. you have to go back to may to see a number like that. >> big weight on the dow in terms of price at the peak of activist energy, you would have made a run at 3m. these businesses on paper, why are they together? to me it shows you that you were expected to get this global lift, weak dollar helping almost anybody with a global footprint and even if it didn't help enough. >> you know, google, of course, i guess the largest loser, so to speak, in technology still down a little less than 3% to some extent, going into the financials, i guess. concerns there about margins. >> and i think it takes you back it's not as if this is really kind of an abandonment of the story.

i was happy to see the drop and gap in 3m.is point, i would be inclined to reduce the position by half and retain the balance for perspective further weakness carter, if you're out there in so much french bar, bistro, hello, come back soon. what are you doing with the trade? >> i think we can take these profits and roll down to the 200109, we paid 245 for this, we can sell it for three times that price right now and take the same amount we invested the last time to do this again. we're going to walk away with five bucks profit shares >> it's consolidating at that lower level. it dropped and hasn't bounced. i think rolling down's a good time >> all right stop the offensive french music. >>> all right, up next, tweets and the final call hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your plat

gm, 3m, caterpillar, united tech, and du pont.s now -- >> we have a very special guest this morning we do. we haven't seen him in awhile. he's here. jeff kindler, former chairman and ceo of pfizer, currently ceo of private yet imprexion taking on pain management in the face of the opioid epidemic before we even start this, you walked in here and you handed all of us what looks to me like a pepper >> exactly don't eat it >> don't >> don't eat it. it's very spicy. >> so you brought this for us. >> yes >> for what reason >> our company is using a synthetic high science version of the natural ingredient in chili peppers, tabasco, all that kind of stuff called capsaicin capsaicin's been around for thousands of years and everybody understands that it reduces pain, in a very safe way so what we did, our scientists at johns hopkins found a way of synthesizing capsaicin and directing it directly into parts of the body where you experience pain what we found in our midstage trials is we can produce a really robust reduction of pain in a ver

united tech fell, and 3m the worst among the dows. morgan brennen explains why. >> a busy day for the industrial giants, making everything from excavators to jet engines to post-it notes. caterpillar bulldozed expectations, thanks to strong demand from gas industry equipment in north america. the maker of earth moving machines is also forecastings sales growth after four years of declines. all positives that sent the stocks soaring today, even as analysts question whether it will last. >> history would say that caterpillar delivers great incrementals for a couple quarters when they get volume back. we shouldn't forget they spent 3 $1/2 billion on restructuring, and 16% fewer workforce versus at the peek of the cycle. they can probably deliver another couple quarters like th >> a different story for two other dow components, united technology's tumbled despite its better than expected results, because elevators and hvac will see earnings slip this year. a 3 m sales maker missed estimates, sending those shares flying despite a better fo

>> i'm in deere, not 3m. like aerospace and defense better than 3m >> like a defensive industrial so it depends where you think the macro is if you think the global environment is getting better, this one will lag the other industrials but it is a quality company. >> speaking of defense, united technologies, like >> like. like the whole space i think lmt looks better, raytheon looks better. >> northrop grumman. >> how hard is it to find a bad chart? look at the itas -- >> traded to another high today. >> the utf for the whole aerospace and defense sector, hard to find a chart you don't like >> final trades. josh >> i've been talking about this for the last two weeks and i feel like people aren't listening to me. this is -- this is the electric data play, not in tesla. okay >> take a hint stephanie. >> never >> hg supply, down 24% year to date pip think this company is a take ow. >> erin. >> emerging markets, em, if you think the dollar will remain weak, e mrmging markets. >> bough more morgan stanley playing

look at what happened to 3m. there was a small miss there that stock is down notably today.ou can see seagate missed by a wide margin, 30% you can see the stock really getting hammered here, down 15%. we know enough we have a quarter of the s&p 500 reporting. more beating on the top and bottom lines and beating by a greater percentage that's why the market is doing so well. the prices are high. you really need to have a good beat or really good guidance to really move a stock forward. caterpillar is one example of that today if you miss in any way, you get heavily penalized. there is one other group here for doing well as the stock market is hitting new highs, we're hitting asset managers hit new highs. the t. row prices and legg mason. they get paid more when assets are up >>> thank you very much. >>> when we come back, goldman sachs analyst heath terry is with us. we'll talk his best bets for tech for the rest of 2017. caterpillar getting a bum top day. we're monitoring the conference call and we'll have the latest on that later, she was onest youngest employees to ever wo

united technology, caterpillar, 3m, dupont and mcdonald's. u.s.cheryl: over year, jimmy choo opening sharply higher. they are bought by american rival michael kors. we will have the live report from london. ftse, cac are reporting higher. lauren: stocks of google parent out of that with less money for stock down 3% in after-hours. train to after 32 years, is at the end of the road for the classic microsoft software? lauren: good morning, everyone. 530 am in new york. thank you for joining us. i'm lauren simonetti. cheryl: good morning. i am cheryl casone. lauren: good morning, everybody. we were just talking about microsoft paint. cheryl: i've never used it, but apparently a lot of folks are very upset about it. we have a lot of braking is to get to that you may have missed overnight. arizona senator john mccain returning to washington today. senate republicans plan to hold the key procedural vote to open debate on the health care bill. we just don't know what bill it's going to be coming days after the arizona senator was diagnosed with brain can

in many ways, it's kind of a pale 3m. there's the bottom line. dennison may not be sexy, but it's one of the unsung heroes that nobody talks about they just don't. i've got to change that. would i recommend buying it? sure but what really matters here is this market's recent rally is not just about flashy tech stocks that so many investors feel uncomfortable with. it's not just about tesla. it's not just about service now. it's for the boring steady eddie players like avery dennison. i feel good about the norm of the market since this company is the definition of normal the regular american joe stock that's worth investing in any day of the week. much more "mad money." blue apron may be good at delivering meals, but when it comes to delivering profits, huh-uh, another story. miss out on an investment? that could all about be changed. i've got a company that will let you invest in an exciting new companies before they ever go public trump's second overseas trip has me rethinking an entire class of stocks maybe they're better than the u.s. stick wi

so how dare you, 3m? we'll be right back. does psoriasis ever get in the way of a touching moment?u have moderate to severe psoriasis, you can embrace the chance of completely clear skin with taltz. taltz is proven to give you a chance at completely clear skin. with taltz, up to 90% of patients had a significant improvement of their psoriasis plaques. in fact, 4 out of 10 even achieved completely clear skin. do not use if you are allergic to taltz. before starting you should be checked for tuberculosis. taltz may increase your risk of infections and lower your ability to fight them. tell your doctor if you are being treated for an infection or have symptoms. or if you have received a vaccine or plan to. inflammatory bowel disease can happen with taltz. including worsening of symptoms. serious allergic reactions can occur. now's your chance at completely clear skin. just ask your doctor about taltz. now's your chance at completely clear skin. listen up, heart disease.) you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cos

estimates, and higher guidance from united technologies and 3m. we're looking past this health care thing as investors and saying there's a great story in america. it's earnings and in employment. >> i want to share one senator's vote. she will vote yes on the motion to proceed. that is significant, she had been considered potentially a holdout. susan collins still a holdout. senator capitto saying no on the notion proceed. murkowski no as well. they're tallying this as it comes in. rand paul, said yes, they want to begin this debate. that's critical. when it comes down to, it ron, who do you think might really potentially be in the way, most in the way on this? >> i'm looking at my political mentor rob portman, the senator from ohio, who indicated he doesn't believe there's enough in there for medicaid expansion is to deal with opiates. if you find a guy like rob portman voting no, they're going to lose this thing. i think it's disgrateful frankly that members of the united states senate who get paid nearly $200,000 a year can't vote yes on a bil

the likes of 3m, dumont, general motors and mcdonald's, to 21,513.he nasdaq rose 23 to 6410, that's another record high. >>> facebook has bought a startup company to help it crack down on users who share pirated video and other content without permission. facebook has had a lot of issues with pirated content in the past and it's been two since years it first announced to identify and remove video clips shared by people who don't have the rights. earlier this year facebook added another option for content creators, leave it out and make money pirate users are making for you. >>> michael kors is buying jimmy chao, of course known for its heels and accessories. michael kors was a big name in luxury but sales have struggled as fewer people are visiting the stores, sam and laura. back to you. >> interesting it would be michael kors which has become more affordable in the price range over the years. thank you, landon. >> new this morning the national archives has released hundreds of new documents about the jfk assassinati assassination. monday the agency

we have some laggards on the day after disappointing earnings reports. 3m down 5% after a huge miss. the bottom by and the full-year midpoint earnings has trailed. traffic acquisition costs are rising. 4%.lilly down macro sense at the for earnings beyond those stats , these white bars represent the earnings growth year-over-year. we had that earnings recession, and now we have earnings growing in a big way. in the first quarter, earnings group 14%. -- grew 14%. now earnings are expected to grow less than 10%. look at valuation on the bottom. the pe ratio is high. even though earnings are expected to slow, stock valuations are still high from a pe standpoint. mark: greece is returning to the bond market. the country selling five-year bonds maturing in 2022, testing whether investors will back the recovery from the debt crisis. joining us for more details, charles dallara, partners group seo. -- ceo. let's reveal the stats. $3 billion raised, first tapping of the bond market since 2014. the yield of 4.625%. a good day at the office for greece? >> i think it is a positive step, no doubt

five dow component to report this morning, including a technology, caterpillar, 3m, dupont and mcdonald'sply high

that is 3m, this company coming out with earnings, the maker of post-it notes, raising the low end of its forecast, but still short of what analysts were anticipating. they have acknowledged some challenges in consumer electronics and office supply businesses. they are trying to pare costs and beef up businesses outside the u.s. even that the client is not enough to push the dow lower. vonnie: thank you for that. as republican senators vote today on whether to take up a battle on health care legislation, president trump tweeted earlier, big day for health care, after seven years of talking, we will see whether or not republicans are willing to step up to the plate. joining us is kevin cirilli, our chief washington correspondent. where is mitch mcconnell now? kevin: it seems they do have enough votes to proceed on a motion to receive later this evening or afternoon. this all comes as senator john mccain, the republican from arizona who was recently diagnosed with brain cancer, has actually flown from arizona to the senate. he will be making remarks on the senate floor i am told and del

moscow in december that the american businesses over there such as proctor and gamble or caterpillar or 3m see the sanctions addressed. >> the two things you're talking about sanctions and nato are things that are in putin's bailiwick and things he is most concerned about. should the president go into this meeting and talk about the 2016 meddling in the election? should he offer a clear and concise warning and acknowledgment to the russian president? >> yes, and i think he will. these are two people who can do a lot of things at once. i think he is going to say, but in addition to that, we can talk about sanctions because what i want to see out of you is something in syria where we can work together in the world community to bring peace to syria and also let's continue those talks started by john kerry about fighting isis together and terrorism around the globe. let's find some common ground and then let's work on the -- >> you're pairing the sanctions that are related to ukraine and whoped what happened in crimea. i want to get to the question what is your degree of confidence? you had yo

heaven help you if you missed though 3m at a small miss seagate big miss here. we've got the 25% of the s&p reporting. what's the lesson so far more beating on the top and bottom line and by a bigger percentage that's why the market's up but prices are high. you've got to have a really good beat, a really good guidance to move the stock caterpillar is the good example there. heaven help you if you miss because you're penalized heavily. one big winner is an asset group here all of the money managers are hitting new highs. t. rowe and eaton and frank inwill these guys are paid as a sets under management they get more money. simple story from them back to you. >> all right, robert thank you very much. the democrats putting a target on the drug industry with their new so-called better deal plan meg tirrell here to take us inside the numbers >> hey, tyler. bob was just mentioning eli lilly and biogen had reactions neither stock reacting largely bmo points out even though they had a beat in the second quarter, it was driven by older medicines. they also reported on th

scarlet: from political disruptions to disruptive innovation, boxed is a 3m company that combines theth the warehouse model and the convenience of online shopping. with more than $100 million in sales and $130 million in venture funding, the formula seems to be working. c.e.o. chieh huang explained how it has gone from small to big. ♪ chieh: boxed is an online warehouse club. we cut out the membership fees and we deliver right to you. generally in today's or less with free shipping. moving to manhattan later in life, i did not have a car to get to a warehouse club. i thought, how many other folks around the country have that problem? i moved back into the suburbs to start the company in a garage in central new jersey. we went after and tried to solve the problem. in the early days we did not , have a marketing budget. our marketing budget was virtually zero. it forced us to create very good service where folks would talk about it. people loved the service. sure enough they talked about it, and from that moment on, we capitalized on that opportunity. we went on and raised financing. we

earlier this year, 3m factory workers nearby in ohio made a youtube campaign asking the president tomessage to president trump. >> do not 3m send our jobs to mexico. >> reporter: with no response from the white house, the plant will close this summer. >> i've actually hired back four new people. four new people just in the last six months. >> reporter: still, trump supporters like business owner paul lighten say the president just needs more time. >> i think it is too soon to judge. the man just got up to bat. hasn't even had a chance because of all this political muck, you know, with ridiculous news stories. >> one piece of advice you would give the president 40s next six months? >> stay focused. be a bull. keep on charging. don't stop. don't stop. we need as much help as we can to keep our businesses as strong and vibrant and our american economy. we've got to keep our american economy. americans first, jobs first, and we have to be focused. >> reporter: in youngstown, ohio, msnbc. >>> here in our studios, we have on our panel of 2016 voters. we'll find out what they think of the t

earlier this year 3m factory workers in nearby olerio, ohio, made a youtube campaign asking the presidentobs. >> a message to president trump. >> reporter: with no response from the white house, the plant will close this summer. >> i've actually hired back four new people. four new people just in the last six months. >> reporter: still, trump supporters like business owner paul lighten say the president just needs more time. >> i think it's too soon to judge, you know. the man just got up to bat. hasn't even had a chance because of all this political muck, you know, with ridiculous news stories. >> reporter: one piece of advice you would give the president for the next six months? >> stay focused. be a bull. keep on charging, you know, don't stop. don't stop. we need as much help as we can to keep our businesses as strong and vibrant in our american economy. we have to keep our american economy. americans first, jobs first, and we have to be focused. >> reporter: in youngstown, ohio, msnbc. >> mariano, thank you so much for that report. be sure to join us for our one-hour special "trump a

and in ohio, some 150 workers at the 3m sponge factory face layoffs, despite a youtube video campaignheir jobs. >> and the principal of one citizen, one vote, every time voter fraud occurs. seven years you've promised the american people. >> all right, the white house and republican lawmakers are expected to pivot from health care to tax return, as well, this summer, promising to roll out a plan that will grow the economy and create jobs and they are also aiming at manufacturing jobs there. let's bring in former deputy secretary of labor, now senior fellow at the university of georgia miller center. great to see you here. as we look at this push on manufacturing, the president also yesterday with an executive order focusing on manufacturing jobs. and as you have -- you're the guy that used to look at the numbers at the department of labor. how crucial are these numbers? they have been pretty good, right, for the last six or seven months, only one thing of decrease. reflect on that. >> well, the numbers aren't good, but it's not just about the numbers, it's about the president living u

. >> former ceo of boeing and 3m and ge top ravenked guy he has been around. >> easier to put him on,et him in the tent. but he is a total heavyweight. he's great this is not a board where you look at it and say, hey, come on they really need help. i do think that an outside guy, making some good sense can really help them. >> did you notice they moved up the timings of their earnings call citing efficiency improvements in accounting and our review processes. >> that's good. >> an early attempt to push back >> that's a good one i keep hoping that the dollar -- they did a great discourse on the dollar and missed earnings two quarters ago how literally what they would be making if it weren't for the dollar i like the stock, with or without peltz. i think they'll do fine. they're not short of innovation. but they will triumph. i felt very long saying i liked it either way. sometimes it's okay to be alone. and i'm alone. >> you're never alone. >> no, i've got two dogs. >> the two dogs. >> nvidia. >> got the wife. >>> tonight csx, ibm ibm, which is back to 152 and change, jim. >> there's n

alix: s&p, another record high, up 3/10 of 1%, the dow up seven tens of 1% but not near a record. 3mat makes over 6% of the dow. also on a soft foot, pretty much flat on the day. you can pretty much blame google as well as that cash revenues 30 to eat into google and they worry they will have to pay more to their mobile advertisers. caterpillar up 4%, they crushed it. they raised their full-year forecast as well and it is sitting right now, not yet at a record high but 116 is the level you want to watch. ak steel up 6%, same kind of deal. the average selling price of steel was up and shipments fell on lower carmaker demand but earnings rose 256% year on year. bidport getting a nice because copper is on a massive care. .- tear someone got bullish on china, some labor stoppage just -- stoppages, but it is just sentiment at the end of the day. where do you want to get that growth, in the u.s. or europe? most everybody says europe. look at what the stocks are telling you, these are the number of stocks in the euro stoxx 600 and the s&p above their 50 day moving average, the white line is

earnings you got second quarter earnings coming in fast and furious to united technology, caterpillar, 3mdupont come mcdonald's sad to report before the bell. weaker earnings today amid a slowdown in u.s. auto still coming after strong numbers from alphabet. the company says advertising growth continuing to expand 52% in the second quarter. there are the numbers we got for alphabet stocks to watch as well. numbers beating expectations. earnings per share $5. a lot of big companies reporting. >> we will follow that. president trump just redid theirs. attorney general jeff sessions has taken a week position on hillary clinton crying. where are the e-mails in dnc servers and makers. the president treated this a moment ago. i don't know what to say about this. obviously, he is trying to push jeff sessions out your >> it looks a lot like that. it is so hard to tell what the president if he woke up in a bad mood or is assigned that is ready to move to an attorney general. >> they want the russia set to go away. still upset for recusing himself to which mercedes should've done and that should ha

five stocks which are in the dow 30 reported profits early this morning. 3m, caterpillar, dupont, mcdonald's, united technologies, big numbers from caterpillar, the company did well, stock going up, that will add 33 points to the dow industrials when the market opens. watch out for triple digit pain. i went to bring in steve cortez, earnings season has kicked into high gear, the swamp still getting nothing done. you like that line so steve, profits now more important than politics for the market overall? >> absolutely but they are both important, doesn't have to be binary. what the market is telling us is the swamp, excruciating to watch the swamp hour by hour on cable news because the legislative process is so frustrating. stuart: it is not excruciating to watch "varney and company". >> never excruciating to watch you, it is excruciating to watch coverage of the hill and the way he'll republicans is let me be clear on that we want everybody to tune into us but it is excruciating to watch the process on capitol hill and in some ways this is supposed to be the process in a democracy but that

we'll also hear this week from 3m, caterpillar, dupont, eli lilly, general motors, mcdonald's, boeingazon, intel, share bucks, chevron and exxonmobil. joe? >> all right let's bring in barbara reinhart, head of asset allocations of voya investment management and karen kimbrough head of investment strategy at merrill lynch wealth management. i started reading some of your comments you are interested in tomorrow and wednesday and very interested, right? >> yes >> tell me -- i want you to imbue some on me, some interest in the fed, in fed speak >> well, when you think about central bank activity you have to put it all into context normally, it takes a multiyear period of heightened interest rates in order to fight insubstantial conditions and cause some types of problems, and expose where the issues are for the equity markets we're still very early in this tightening cycle and the announcement on rolling back the balance sheet, is it going to run in the background, as janet yellen has said but we would note that there's been 100 basis point over the past year. earnings in the u.s. is rela