." >> susie: caterpillar's going full throttle. it posted today a quarterly profit that quadrupled from a year ago. the worlds largest maker of construction and mining equipment earned $1.47 a share in the fourth quarter of last year. that's 20 cents more than estimates. revenues also came in a billion dollars more than expected, up 62% to almost $13 billion. looking ahead, the company expects annual revenues to top $50 billion this year, bringing caterpillar back to pre-recession levels. when i talked with c.e.o. doug oberhelman, i asked him where is all that growth going to come from. >> we're seeing growth in sales and revenue just about across the globe. and most industries with the exception of our turbine business and large reciprocating engines which we think are coming but they'll be coming, the growth will be coming later, so geographically and industry and productwise it's sort of a nice ramp all across the spectrum in 2011. >> susie: how about in the u.s., how strong is the recovery for cat bill-- caterpillar equipment?

leading the way caterpillar quadrupled its fourth quarter profits into its. in europe she has reversed early losses at first to go up but then ended mixed in flat this is because japan's credit rating was cut for the first time in nine years by standard and poor's as deflation political gridlock were taken into consideration and that sent a chill restaurants in russia a law making insider trading illegal finally comes into force today stocks were positive on thursday session more details some of the stocks when bildad was up one point six percent at the end of the session as russia's and two monopoly watchdog group the purchase of the foods company by pepsico meanwhile energy companies were down. and russia's major stock exchange my sex hiked its bid for rival trading platform to one point one five billion dollars by six offers to pay thirty five percent of the sum in cash and convert the rest into my six shares the russian trading system has not yet responded to. that's it for now the headlines will be next with bill after a short break. the . fire.

. >>> boeing and caterpillar helped provide an abstract, the dow closed 50 points higher. >>> there is a shakeup on bay area radio dials. a classical music station has moved from one of 2.1 fm to 90.3 fm. under its new owner, it will shift to a classical public radio formats. the university to the career station, kusf, which broadcasts on 90.3 is now online only. the box will move to one oh two -- 102.1. >>> comcast will take over nbc universal and pay nearly $14 billion for 51% stake. the federal communications commission to attach some limitations. they must make nbc programming available to its cable competitors and to legitimate internet cable providers. comcast must also give customers the option of buying high-speed internet service separate from cable tv. >>> there may be a solution tonight to a problem we have been telling you about concerning beachfront homes pay the owners are concerned that the coastal bluff is crumbling away and whopper honda met with experts at the scene to try to find an answer. >> reporter: the river runs through rio delmar beach. >> as you can see it co

half of the dow will weigh in with earnings this week including johnson and johnson, boeing and caterpillarinvestors will also be tuned in to the fed's two day policy meeting, reports on consumer confidence and durable goods and the first look at fourth quarteç gross domestic product. kicking off the week, rocktenn is buying smurfit-stone. that's about $3.5 billion in cash and stock. sara lee about to receive a takeover offer from a private equity group as well as a competing offer from jbs, brazilian beef company. despite a troublesome year, toyota managed to hold on to its title as the world's largest automaker with nearly 8.5 million auto sales. >>> a new survey shows regular gas up three cents to $3.11 a gallon and the "wall street journal" reports the postal service is looking to cut costs by closing as many as 2,000 post offices beginning in march. >>> meanwhile some much needed optimism from a new survey that found 42% of 84 u.s. companies polled last quarter expected to increase jobs in the next six months. and finally, if you land a job interview, you might want to avoid these comm

in earnings, caterpillar rose after fourth quarter profits quadrupled. on strong global demand for mining and construction equipment. netflix led the nasdaq, jumping a whooping 15% on its subscribing base rising over 20 million customers. disappointing results on blue chips like procter & gamble kept the dow's gains in check.ç p&g rising commodity prices are pinching profits and fell almost 3%. at&t dropped 2% after reporting new wireless contracts fell to the lowest level in more than five years. microsoft surprised with better than expected profit, but concern over the weakness of overall computer sales kept shares flat. amazon.com missed targets in the fourth quarter, sending stocks tumbling nearly 9%. elsewhere, the u.s. and japan received sharp warnings from the imf and ratings agencies thursday to tackle their huge budget deficits. standard & poors cut japan's credit rating for the first time since 2002. and finally, even the girl scouts have a bottom line. due to poor sales, the girl scouts are giving the axe to thank you berry munch and dolche c

manufacturers: boeing, honeywell, caterpillar and general electric. g.e. inked several deals with the chinese, including one to make electrical systems for commercial aircraft. china is working aggressively to develop its own aviation industry, and as darren gersh reports, deals like the one with g.e. are critical for the asian nation's global ambitions. >> reporter: this model represents one of the toughest business challenges in the world today. the chinese market for jetliners is so large, u.s. companies can't afford to stay out. but the chinese government has developed a decades-long plan to compete with u.s. companies for global leadership of aviation. china analyst nicholas lardy says that's both an opportunity and a threat for aviation suppliers like g.e. >> the calculation of these companies is that, yes, china may be able to replicate this technology, eventually produce its own airplane engines, its own avionics. but by the time they're able to master these technologies, the frontier will have moved on. >> reporter: by the middle of this decade, c

let's roll out caterpillar. it was the biggest loser among dow industrial components, shedding 2%. cat stock has been moving up nicely over the past year as global demand for food and metals has helped its farm and mining equipment business. speaking of mining, freeport mcmoran led the losers among the materials sector. the stock is now down 9% from this high. today, selling came despite solid fourth quarter earnings, easily beating street estimates. profits were up 60% from a year ago, thanks to much stronger copper and gold prices. but not today-- copper was among the commodities taking a hit today. copper futures fell almost 2%. but look at this rally, and this is just the past 180 sessions. at the beginning of this year, copper was at an all-time high. it wasn't just copper. precious metals silver and gold each saw some profit-taking, silver down more than 4%. and oil prices fell below $90 per barrel for the first time in two weeks. morgan stanley is the second to last major bank to report earnings. bank of america is the last, and its numbers are due tomorrow morning. morgan s

caterpillar is also out with earnings. c.e.o. douglas oberhelman joins us to talk about his growth plans for the giant maker of construction equipment. >> susie: intel's takeover of mcafee, the data security firm, cleared a major hurdle today. european regulators okayed the deal, on one condition. the world's top chipmaker must make sure its products work well with software from other security firms. the $7.5 billion buyout is intel's biggest, and has already been cleared by american regulators. >> tom: walmart has rolled back plans to build a store at an historic civil war site in virginia. the surprise announcement came as a trial over the issue was supposed to start this morning. the location in question is near the battlefield where robert e. lee first met ulysses s. grant in 1864. historians and nearby residents opposed putting a supercenter there. walmart will look for other locations nearby. >> susie: in the "money file" tonight, the rise of the part- time entrepreneur. here's ramit sethi, author of "i will teach you to be

unemployment in the united states, durable goods, pending home sames and a bunch of earnings from caterpillarnd proctor and gamble to name a few. the dow closing up eight points yesterday, 11,985 is where we ended. the nasdaq also ending up 20 to 2739. meanwhile, ford is recalling about 525,000 older model windstar minivans most registered in the united states. the recall is for 1999 to 2003 vehicles in cold weather areas because of corrosion causing parts to separate and reduce steering. i guess this doesn't resonate with you guys watching the flowers bloom, but ford is aware of seven minor accidents related to this problem. they will notify owners coming up next month. >>> you know this better than anybody, starbucks is announcing rising coffee prices will hurt profits more this year than previously thought. but here's what we care about. it is insisting it will not, will not hike the price of coffee drinks to offset the extra costs. that's good news. >> stay warm over there. cheers to you as well. >>> palo alto's mark zuckerberg created facebook, but did he expect this? facebook flirting i

things are looking pretty rosy yet full at the industry stocks are leading the way this is because caterpillar has reported fourth quarter profits quadruple and its shares are up one percent however gains are of course limited to saying they're not very easy going up tell you why in a moment european shares reversed the losses to trade mostly higher the day but they ended the session mixed as you can see there why the games are limited as problems are you japan's credit rating was cut for the first time in nine years by standard and poor's as the place in the political gridlock we're taking into consideration that came in as a shock to world markets in russia where a law making insider trading illegal finally comes into force on thursday came into force i'd rather say stocks were slightly positive r.t.s. better than the my six that some of the stocks on the my six stock was up one point six percent at the end of the session this is because rich is that the monopoly watchdog in the approved the purchase of the food company by. but energy and mining stocks were not. russia's major stock exchange

caller: the gentleman that talked about caterpillar, that is a perfect example.aterpillar should have told them no. if you want to purchase them, purchase them from us here. china is a tough negotiator. what they do is they stand their ground. they forgot about world war ii and how we protected them -- against the japanese. they forgot all about that. and in korea they did what they did. china has forced their labor elm and everything is so much cheaper. i will pay more to buy whatever is made in this country if i can find it. i do not buy anything from china. host: look for our prime-time coverage of the state dinner tomorrow night c-span.org. here is the article from "the washington times." host: "the baltimore sun" has a little bit of history for you about state dinners. host: raleigh, n.c., tom, independent line. caller: you guys are great, c- span. i am hearing the same recurring themes. not being able to do business in china. manufacturers moving overseas. when i see china, i see a communist country that has no discernible rights when it comes to the enviro

look at the markets right now and some strong reports coming from a wide range of companies like caterpillar was reporting ruble doing water that's up one percent this on point two percent overall the market is flat in europe she has reversed early losses to trade well mixed the end the session mixed as you can see there you think down point one percent let's see but mining and automotive stocks were quite strong mount gains were limited because japan's credit rating was cut for the first time in nine years by standard and poor's as the election political. it will protect them. in russia a law making insider trading illegal finally comes into force. markets positive second look at some of the stocks when. at the close one point six percent as losses as the monopoly was still going to prove the purchase of the fruit company by pepsi. and russia's major stock exchange money hiked its bid for. trading platform yes to one point one five billion dollars it was to pay five percent in some of passion convert the rest into my six the russian trading system has not yet responded to. so and i will be

and a half year highs for the first time this week already on the dow jones and this is because caterpillar for example has reported a school of course of profits called group strong global demand is shares are up almost two percent right now but he is fooling three percent the company of course of the new wireless contracts fell to the lowest in more than five years in europe she has reversed the losses to trade mostly high at the end of the session with mining that automotive stocks are rallying japan's credit rating was caught for the first time in nine years by stand and pause as deflation and political gridlock is taken into consideration that's limiting games and russia the end of session you can see there on your screens all making inside a law making insider trading illegal finally coming into force on. positive positive on the small detail in some of the stocks now. the company that we mentioned earlier in the program its stock is up almost two percent as russia's anti monopoly watchdog approved the purchase of the foods company pepsi co however energy shares like lukoil and fundam

this is of course on the back of strong earnings reports especially from caterpillar european shares reversed early losses to trade mostly higher as mining and automotive stocks rallied japan's credit rating was cut for the first time in nine years by standard and poor's as deflation and political gridlock were taken into consideration that was limiting gains both in frankfurt and of course leading to slight loss in london. in russia where a lot making insider trading illegal finally came into force stocks are positive in more detail now when bill down stock was up one point six percent at the close as russia's anti monopoly watchdog approved the purchase of the foods company by pepsico but lukoil them carry mining stocks than any stocks represented there with death. and losses major stock exchange my six has hiked its bid for the trading platform r.t.s. to one point one five billion dollars my socks off is to pay thirty five percent of the sum in cash and convert the rest into my six shares russian trading system has not yet responded to. that's the business for now will be back in

michael dening has run out of his businesses for caterpillar 23 for 23 years. he is it to receive official notice, but he did get a message that his lease will not be renewed. although it might not be easy is prepared to move a bst. >> it appears to be like of ceremonial duties. you have to e licenses of a bureaucracy is a bald, is an act of god. >>in san francisco did and got a kron4 news. city leaders say the race to be a boon for financially. the benefits could stretch across the bay. >> local experts say that the real estate market such as complexes like this one will benefit from the america's cup as thousands of construction workers spectators come to town and need housing. >> first of all, there is good to be a hundred million dollars worth of construction on the waterfront. which are real jobs there will be 2000 people moving to san francisco for two years, that are the crew and their families of the boats that will be competing. lb housing. their kids will go to school and they will spend their money here. did first of two summers we will literally hav

by the way, the caterpillar you're seeing there was deck kated in packers colors. >> i'm in super bowl mode. packer fans have been waiting a long time for this moment to come around. when i knew the house was going to be destroyed i thought how can i make this about the packers? >> very honest, very truthful. once the demolition is over, going on today and tomorrow -- >> you celebrate with beer. >> the wagner family -- another family will be taking over the land, but they promised the family they would fly the packers flag. >> when is the super bowl? >> not this sunday but the next. >> bye-bye.

winners could be caterpillar, netflix and a streamlined yahoo!flip side, profits at microsoft, dupont and boeing may see a big drop. >>> meantime, comcast, the nation's biggest cable company, is expected to button up its $13 billion purchase of our own parent company, nbc universal. the seller, general electric, will still own 49% of the company. >>> and for the first time in year, when the international government and business leaders gather from around the world for the world economic forum in switzerland, they will likely talk about global economic recovery. that meeting is scheduled for this week. >>> and have you seen any good movies lately? the academy award nominations are announced on tuesday. the oscars will happen february 27th so there is still plenty of time to catch up on all of those movies that you missed. at least i did. >>> the computer history museum in mountain view recently renovated and expanded some of its exhibits. bob redell has a look at the new old stuff or the old new stuff. one of the two. >> a revolution the first 2,0

but the disappointing economic news being offset by really good earnings from caterpillar in particular. that is part of the dow jones. up about 8.5 points right now. facebook users who check into a store or click on a like button could soon see the endorsements on their friends pages as a sponsored story paid for by advertisers. facebook says the new feature will let advertisers promote word of mouth recommendations. so far though there's no way to opt out. >>> all right. time now 6:52. strange story. a year ago a man wouldn't be in trouble for doing this, but this morning a bay area musician is facing a fine for the way he played his trumpet. >>> and i want to show you news chopper 2 on the way to a fire in san jose where there are some downed power lines. we've been talking about this with sal right back with the very latest on that. >>> news chopper 2 coming up on san jose. see little west of smoke. fire department has -- we're getting information they have controlled the fire with downed power lines on 13th street between jackson and taylor. our news chopper 2's just moments away.

we are getting the likes of proctor and gamble, caterpillar is giving out its earnings as well.he dow ended below 12,000 yesterday. the nasdaq was at 2739. it is really all about the beans. starbucks says rising coffee prices will hurt profits more than previously thought this year, but it insists that the hike will not offset or jouf offset by a rise in drink prices. that's all we care about. our lattes won't be more expensive. >>> walgreens is getting into the beer business. they have been rolling out this private label brew called big flats. in more than half of its u.s. stores, that is. the name doesn't sound that appealing to you, but perhaps the price will. it is just 60 cents a can. yes, i got your attention now. they plan to start rolling out their own red wine as well next month. i mean, step aside, wall greens is in town. >> nicole lappan at cnbc world headquarters. you can serve your guests flat beer. >> that's cheap for a six-pack. interesting. there you have it. >>> no fog on the bay bridge. i'm a big supporter of testing the generic brand they put out. good stuff.

after that, we will chat with caterpillar of the corporation for national and community service about her group's role in the mlk day of service. that is live at 7:00 a.m. eastern, here on c-span. tomorrow on c-span, a speech by attorney-general eric holder at a prayer breakfast commemorating martin luther king jr. at shiloh baptist church in washington d.c. that is the 10:00 a.m. eastern here on c-span. >> starting tuesday the house takes up repeal of the health care law. watch the debate and final vote on c-span and go to c-span.org to read the bill on line. this is ben that works provide coverage of politics, public affairs, non-fiction books, and american history, all available to you on television, radio, on line, and on social media networking sites. and are content anytime forsees spends video library. wringing our resources to your community. it is washington, your way, the c-span networks. now available in more than 100 million homes. created by cable, provided as public service. >> are mobile content vehicles are traveling the country. >> we look at issues impacting the nati

caterpillar is an american company that makes great products that are difficult to ship. when the open plants in southeast asia to grow their business, this administration would penalize them for shipping jobs overseas. if we do anything in the next two years, it is to change the rhetoric that government uses. let's have honest and reasonable discussions. we can disagree without being disagreeable. let's talk about reasonable ways to fix the economy and stop blaming people. host: during the state of the union, where will you sit? guest: i will be sitting with my fellow freshmen. i sat with the democrats in the senate, it is fine, but where somebody sits pales in comparison to how they vote. i will be sitting with my fellow south carolinians. host: thank you for being here. coming up next, danny death -- diana degette will be here. >> of the other injured makes remarks on "the early show" and says the administration believes we need investment in education. adding to the president's state of the union address, she adds winning in america. john mccain says the government is

you have at&t, caterpillar, health careaying will cost them billions of dollars.hink it is kind of appalling to the american people that one senator can filibuster and not allow the repeal to go forward. there are 26 democrats up for reelection. it is not popular in their state. it is costing the american people -- the other thing -- i'm in rochester. i by car insurance in california. i can by car insurance, but i cannot buy health insurance across state lines. host: the health care law was part of last night's speech and the gop's response from paul ryan. here's what the budget chairman had to say. >> costs are going up. premiums are rising. millions of people will lose the coverage they currently have. job creation is being stifled. businesses and unions from around the country are asking the obama administration for waivers from the mandates. washington should not be in the business of picking winners and losers. the president mentioned the need for regulatory reform to ease the burden on american businesses. we agree. we think the health care law would be a gr

look at caterpillar in illinois. they are a huge employer in illinois, and a global player that creates jobs here and elsewhere, and also does a lot of sales elsewhere. my hometown of oregon, nike and colombia are located there. they do a lot of international business. we want to create the high-value jobs here, so we have to work to get a code in place. host: rob on the democratic line. maryland. good morning. caller: i cannot recall -- you're just, congressman walden, when you were talking about the help that you solicited from the other party across the aisle, what was the word you used to describe them? guest: i do not recall. i can tell you a couple of things. we reached out to speaker pelosi, and she recognized two people of her progress to be the connection people. i also sat down with the congressman from massachusetts who did their transition when they diwent back into the majority. we had a great conversation over lunch. what would you do differently, what should we do? it was a frank and open discussion. a

representatives at dhl, caterpillar. basically it all starts looking at the same issues. i mention this not in the sense that we're going out to do late great session. there's been a lot of discussion about many of these issues for many years. what i'm finding in this is that at this age of the debate, everybody's pretty much gotten the idea that something house to be more thought about visually and more schematically about our going to handle this. go question is not whether to upgrade policy or think about these things in a more organized way that favors business and the ability to manufacture and do business in this country. what are your answers? we are organizing meetings where people bring their ideas for the spirit will take you back in documents to debates in washington. what this means a more concrete terms, to an escape to some of the things going on internationally as the sole question of what sort of vision should we have for facilitating free movement in the united states. i had the good fortune in september also. some month we had come to visit europe come a

look at caterpillar, which is a huge employer in illinois and also a very big global player, you know, that creates jobs not only here but elsewhere, but does a lot of sales outside of here. my home state of oregon, headquarters for nike, the sportswear, as well as columbia sportswear. they do a lot of their business internationally. they get into very complex issues in terms of tax policy and all. what we want to do is create the high value jobs here. so we got to work to get a code in place that does that. >> host: rob, democratic line in maryland. good morning. >> caller: hi, good morning. i can't recall but your guest there, congressman walden, when you were talks talking about thp that you solicited from the other party across the aisle what was the word that you used to describe them? >> guest: i don't recall that i used a word. what i did was -- i can tell you a couple of things. first of all we reached out to speaker pelosi. she identified two members, mr. andrews and mr. brady, to the the point connection people for us that that there was a formal connection. i sat down with