caterpillar, dupont among the winners. >> three to win advancing to declining stocks. two groups helping, financials, big industry. take a look at financials. those who say who cares about upgrades and downgrade? goldman moved the market. jp norgen, city grooup, bank of america all up as goldman upgraded large banks. the big banks' earning power is going to be greater than the regional banks. they also specifically upgraded wells fargo. those stocks all moving nicely here today. 2%, 3% or 4%. elsewhere a wear dollar. g-7 did not come out with strong support for a strong dollar. kind of in the middle kind of comment. as a result dollar has been weak today. big commodity names like alcoa, u.s. steel, even oil names like apache fall to the plus side when the dollar is weak. tradertalk.cnbc.com. >>> let me say, if the guys in the studio never heard of epicurious.com, if not, check it out. "wall street journal" saying brocade is for sale. up 17%. barons saying net ap. pool corp. up 2%. buying a privately held pool company in california. pet smart gets an upgrade to buy with

you talked about the price increase at caterpillar. it might be zero. it might be two. it's saying, hey, we're going to be raising some prices on some models. and we'll tell the dealers exactly which ones pretty soon. manitowoc booted from the s&p 500. up 15% today. they're best day in five months. oshkosh also strong. materials, another buyback of beaten up stacks. dow chemical, alcoa and u.s. steel. some of the volume actives, big, big volume. already more than their ten day average. pinnacle west upgraded as a top pick at citigroup. northeast utilities with more than 120% of its average daily volume. and i mention prologic. they're leasing eight rooftops in spain. rooftops. money for nothing. rooftops for free. so to speak. back to you guys. >> thanks so much, matt nesto. this is it for "the call." >> thanks for watching, everyone. "power lunch" is up next. >>> four conde nast closing four magazines. >>> the supreme court has rejected an appeal of an insider trading conviction. we're first in business worldwide. i'm courtney reagan. >>> dire straights is british. >>

on caterpillar. the price tag is to take effect in january. pepsico bottling north america, coming two months after the soft drink and snacks maker announced plans to buy its two biggest bolters for nearly $8 billion. pepsi will fold the new company into the new unit which will account for three-quarters of its volume in north america. a look at investing going forward for the fourth quarter. steve is with us, with russell investments, along with eric. gentlemen, nice to have you on the program. goldman sachs coming out with a report complementing the banks as far as buying stocks now. would you buy into that? would you put new money to work in the financial sector today? >> with a caveat. with financials, it's going to be very name specific. so for example, at russell there are financial names we're overweight, but also underweight. so i think a lot of due diligence. you really have to understand what you're doing within financials. so i think just going broadly into financials, probably not just yet. so it's going to be a balance sheet by ba

e with saw caterpillar get tailwinds. we saw coca-cola benefit from repate yating dollars. now we're seeing the commodities benefit from the dollar decline further. remember the old economist index, the big mac index. where was the cheapest place to buy a big mac. today at the beginning of the year -- >> what's your point, lincoln. >> i'm sorry. you're taking too long. j.j., an extraordinary fact appears in the wall street journal today. the median 401(k), the median 401(k) is up 7% from two years ago when stocks were at a high. i can't even believe that, and you couldn't have done that without being in stocks. right, j.j.? >> why? you certainly could have done it. >> the s&p is up 50% since march. >> dennis, i'm telling you it's not about just being in broad large cap stocks. it's about being more selective and this is a consumer driven economy. how can you say that the seeds of recovery are in place when the average worker is getting furloughed right now? >> in previous decades we actually had higher gdp growth than when they were financing the growth with a whole bunch o

>> caterpillar announces price increases for 2010? i would have thought they would be announcing price decreases. that tells me the rest of the world is recovering faster than we are otherwise they wouldn't be able to put through these price increases. i know a lot of people were short thinking this move is over and then, boom, they're taking them right back up. >> dwight global, the name is familiar. >> pure china coal play. the chinese are trying by 2020 to be more ecologically sensitive. in the meantime, they have to keep digging coal. that's what you use joy for. >> wells fargo. >> look, goldman sachs came out today and said that you really want to be in the big banks, not the regional banks, and that the valuation of the big banks is a little bit strange versus the smaller banks. giving the earnings power. as soon as i hear earnings power, i think goldman knows the quarter is good. if i was short wells fargo, i would want to cover. they don't do a q&a on their conference call. you figure any insight you can get is just a great ca

it's between bank of america, jpmorgan and caterpillar. yeah.ne of the worst performers here in the industrial spaces nighting its way back. almost 3% higher. morgan stanley raising the price target to 44, even though they're cautious, even though their 2010 estimate is below consensus and even though they have bumped back their cycle repurchasing estimate for 2011 to 2012. so caterpillar very strong here today. manotowac, up 14%. here today rebounding sharply. mentioned retail games. nordstroms with a big move and big up great. limited brand very strong. one of the top five performers in the s&p 500. price target to 22 from 17. they keep a positive. lastly, whole foods and unique position of being the best of the worse, the best performing stock in the worse performing sector. back to you. >> thank you. >>> walmart one of the most searched stocks on cnbc.com, only seeing slight gains since the march low. selling off 5% for one month. but with most consumers continuing to like the idea of saving money in this economy. what lit mean for walmart?

. >> did you see caterpillar today? yes, they're raising their prices and why can they do that? they're excited about what's going on in the mining industry. some construction, maybe infrastructure, all the rest of it. it's the mining industry. look at joy global, bucyrus, caterpill caterpillar, all three just absolutely cruising to the up side. there's still strength in that sector. >> let's talk tech, shall we? tech shares trading higher today. you don't want to? >> no, why not? i was giving you the nod yes. >> ceo john chambers at cisco saying he will see a pickup for m&a in his sector as well as for his company. that international acquisitions are not off the table. and it doesn't hurt the fact that a couple companies basically coming out saying we are for sale. come on, buyers. come on down. what do you think? >> the company we've talked about forever has been ntap. they've pretty much said they were for sale. an interesting "barron's" article this weekend said they're for shail but there are not a lot of buyers and if there are buyers they won't pay up. but ntap still up 3

you get caterpillar down 8% or 9%. some of the other big industrial names are also weak here today. talk more about that later. tradertalk.cnbc.com. brian shactman, not a good start for the gaur quarter on the nas either. >> not at all. look at the internals 4 to 1 declines to advances. a lot of news. cisco buying the teleconferencing company from norw norway, tandberg, for $3 billion. there's a lot going on. rad vision which 40% of its revenue last year came from cisco in this space is down 33%. polyco polycom is a competitor. they're down 3%. by the way, we had an ipo today and it's very well. it's up 10%. priced in the middle of the range. comcast, down 6.4%. you have to hand it to mr. faber. it's hard to report on the parent company. came out with all that information about the possible talks. microsoft, a couple names really week. taken off the conviction buy list. oracle down 2.1%. ebay down 2.3%. yahoo! down 2.5%. finally the weakest of the weak would be the chips. the semi-conductor index tells the story. broad com taking it done the chin down 5.3%. the internals are pretty

alcoa, caterpillar, free port-mcmoran, potash. all up double digits here. next week, look, here's what we have here. three key stocks. ibm on the upside here. services are the key for them. more than half of their sales. they've been able to increase their signings. each of the last three quarters despite the macro economic environment. that will increase signing, continuing that trend. johnsonand johnson on tuesday. the outcome of health care reform, look for updates they believe medical devices and diagnostics might be doing. asset management should do very well here. morgan's banking might show strength here. the big question is, how much reserve building are they going to take necessary. how about the nonperforming loans, net chargeoff. is the rate of those chargeoffs slowing down a little bit. those are what's going to move -- the answers to that is what will move the stock market next week. today the dollar up, stocks up, but a rare occurrence. a one-year chart here. if we get positive retail sales and maybe positive comments from those three players,

my father, a former sharecropper, used to say life is like a caterpillar, two steps forward, three stepped back, steps forward, two steps back, eventually it gets where it has to go. i do believe that if i listen to you very carefully and the memory of my father, that is how we are proceeding but at least we are going forward which is good. we thank you and with that, this hearing is adjourned. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2009] >> tonight on c-span, a look at the current state of health care legislation with senate minority leader mitch mcconnell. also a republican and democratic viewpoint from senators john isaacs and. then, diplomatic talks with iran on its nuclear program. two capitol hill reporters join us on tomorrow's "washington journal." first, an ethics investigation and center john incident stemming from his affair with the wife of a former aide. then, jonathan allen describes the to health care bills drafted in the senate and political hurdles to merging them. plus headlines and your comments, live on

caterpillar, morgan stanley comments on caterpillar.emains cautious believes a sharp rebound based on aging fleets is more likely in 2011 and 2012 not in 2010. finally general dynamics was upgraded to overweight from equal weight at morgan stanley. the target price increased all the way to 80. the old target was 52. the firm also upgrades sector rating to in line from caution. >> all right. let's take another quick look at the futures because again after two weeks of trading lower the futures this morning are indicating a sharper open. in fact last check was up by 45 points above fair value for dow futures. again, this is a busy week. earnings kicking off wednesday after the bell with alcoa. the very first of the dow components to report. talking about dow futures up 36 points above fair value. when we return, a look at top business headlines. coming up at 8:58 eastern, the man who called the recession nouriel rab any here with latest predictions. >> still ahead on "squawk box," political power players, new york governor david paterson

he used to say that life is like caterpillar, two steps forward, three steps back. five steps forward and three steps back, but eventually it gets to where it it needs to go. if i listened to carefully in the memory of my father, i think that is how we are proceeding. but least we're going forward. that is good. thank you. this hearing is adjourned. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2009] [inaudible conversations] a [inaudible conversations] [inaudible conversat >> vice-president joe biden shared his comments at a white house meeting with economic advisers. and about five minutes, we will hear more from president obama. >> good morning. we are here in the roosevelt room to talk about the task force meeting to discuss our plans. the middle class task force was designed to make sure that everyone who aspires to the middle class has a chance to get there and stay there. the goal is what we set out on day one. the measure of success is whether the middle class is growing. today, we learned we still

there's also some good news for some laid off workers at caterpillar caterpillar. they're set to call back 550 laid off employees by the end of next year. but they also announce that had another 2500 laid off workers will be permanently let go. >> this balancing act. my goodness. >> and it's going more for the loss, but it's good for 550 of them. >> and other people are wishing their companies would call them back. thanks. >>> the public can now hear the december pretty 911 calls made after a long island mom crashed her minivan on a new york state highway this summer killing herself and seven others. but will this actually help in the investigation? d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d

caterpillar expects global demand to rebound.construction rose by half a percent last month. that's in the right direction. but it was weaker than expected. building permits fell by the biggest amount in five months. that's important. because building permits give us clues about what to expect down the road. this is a worrisome sign that building won't be too strong in the near future. finally, target is getting in on the online book pricing wars. "the wall street journal" reports that the retailer is slashing the prices on seven of its most popular hard cover books available for preorder. target will charge $8.99 for the books, matching the price walmart set on friday. it's expected to expand its list of discounted available books to ten, including sarah palin's "going rogue." all of that for those people who are going to get books in their stocking this year, at least they know where they might be able to get it for a little bit cheaper, robin. >> yeah. a lot a bit cheap fehr prier if continue to go down. >>> the father of anna

earnings are expected to set the tone on wall street tomorrow with caterpillar, coca-cola, dupont, and pfizer all set to police report. >>> and just in time for the holidays. virgin america is partnering with google to offer free inflight wi-fi from november 15th through january 11th. in may virgin started offering inflight internet access on every flight. the airline estimates that 12% to 15% of its guests use the service and it's normally available for $12.95 for flights of more than three hours and $5.95 for flights less than 90 minutes. >>> want to begin this half hour with more on the search for a missing virginia tech student and a tearful plea from parents to the public for any information that might lead police to her. take a good look with me at this young lady. there's a picture, her dad is holding it. 20-year-old morgan dana harrington was last seen saturday night in charlottesville, virginia, outside of a concert. her parents spoke out a short time ago. >> i'd like to say if morgan is out there and hears us, please come home. if someone has morgan please let her come home s