poppy harlow spoke to the ceo of caterpillar. >> reporter: caterpillar earnings soared 44% in the thirduarter and i had a chance to speak with doug oberhelman. >> i'd like it to be healthier but we are not in the camp that sees a double dip recession in the united states or for the world for that matter. it's a slow growth. it's spotty. in some areas it's a little painful but overall, it's a recovery from where we have been and our news is pretty good. record third quarter and raised our out look for '11 and said n in '12 it'll grow 10 to 20. >> your projection for 2011 is top end of your guidance, 58 billion. projecting 10 to 20% higher than that for 2012. what could stop that? what are your biggest concerns? europe, is it slowing growth in the united states or questions still about china an how the government is going to handle the massive growth we've seen there. >> yes, probably -- it could be all three of those and three others we can't even contemplate. what we're trying to do here is make sure we manage caterpillar every day and get the most we can out of our business which we're

freight rail delivered caterpillar to peoria more than 100 years ago. and they're still delivering cat machines today. you can find us on every continent. and the journey starts here on freight rail america's freight rail companies. helping deliver jobs across this country and goods around the world. reinvesti billions of their own money every year to build a rail network that powers our economy. nobody moves more dirt than caterpillar. and we rely on freight rail to move us. the northeast is after this rare snowstorm. more than 3 feet fell in some areas. combination of wet snow and caught on line. stillns of people are .ithout power this morning two vehicles collided. the cause of the crash is under investigation. >>> we're still on the second trial. the murder the medical examiners expected testify about the injuries inflicted. she is charged with killing her. >> turning out to the 2012 campaign. cain is denying allegations he sexually workers. a former co- politicos reporting to woman claimed he used sexual innuendoes and gestures when he the nationa

nobody moves more dirt than caterpillar. and we rely on freighrail to move us. verizon 4g lte.t and most reliable 4g network in over 140 cities. verizon. built so you can rule t air. >> & business flat tax 9% income flat tax 9% sales tax. >> when iear 9-9-9, i want to call 911. >> that is the wife of rick peperry, w who says her husba has be brutalized by opponents in the campaign. herman cain, former ceo of godfher's zza. in the latest poll, he leads other republicans in the race for the nomination. romney hovers at 23%. >> what you do if yoare romney? you hahave four flawless debate performances you have raised money, you have put together a superb camign, you are a far better candidate and you work and you are at 23%. they don't like himim. 80% of r republicans say ty would vote for him against obama, buthe non-romney constituency is enormous. it was rick perry, it is now herman cain, it uld be rick santorum and newt gingrich tomorr. >> 60% of the very conservative republicans view him favorably in the latest poll. >>eah, but what does that mean? givethe choice, he will rank

nobody moves more dirt than caterpillar. on freight rail to move us. >> this is wre they are bringing weapons where they are bringing drugs and money. all through here -- here down the border. we are here to make it harder for them. >> that is army specialist anthony cook from floda explaining hisission 10 years after u.s. forces entered the troubled country t to topple the television -- taliban. troops are scheduled to lve by the end of 2014. how will history jududge did this operation? >> as a tragedy that was inevitable. once you had 9/11, the united states, the great giant, was going to go stomp on somebody haed one of the first place as theytopped was afghanistan. once t they are in, we can't get out. . i think we need to get out. but once you go in we just got stuck there. i see it not so much as anything other than a tragedy inevitabable. >> charles how can you nation build a country where you got 72% of afghans over age of 16 is illiterate and the second highest and the mortalit rate? >> you can't. that is the lesson

nobody moves more dirt than caterpillar.reight rail to move us. >> & business flat tax 9% income flat tax 9% sas tax. >> when iear 9-9-9i want to call 911. >> that is the wife of rick perry, who says her husband has beenen brutalized by opponents i the campaign. herman cain, former ceo of godfather's pizza. in the latest poll, he leads other republicans in the race for the nonation. romney hovers at 23%. >> what you do if you e romney? you hahave four flawless debate performances youou have raised money, you have put together a superb camign, you are a far better candidatand you work and y are at 23%. they don't like him. 80% of republicans say ty would vote for him against obama, buthe non-romney constituency is enormous. it was rick perry, it is now herman cain, it could be rick santorum and newt gingrich tomorr. >> 60% of the very conservative republicans view him favorably in the latest poll. >> yeah, but what does that mean? given the choice, he will rank high, but he does not excite them. there is a residue of doubt ab

today caterpillar said demand fo its machines is strong. profits in the third quarter soared 44%. addedillar added nearly 5,000 jobs. on wall street, the rally continues. the dow closed up 104 points. so far this month it's up 9%. in libya, the new rebel government says that the former dictator mommar qaddafi will be buried tomorrow in a secret location in the desert. his body was removed today from a refrigerated room in misrata. up to see it. libyans had lined up to see it. elizabeth palmer tells us that one of the new government's big problems is winding down the army that rose to defeat qaddafi. >> reporter: libya's deputy interior minister had a blunt message for this roomful of soon-to-be ex-rebel fighters. "the war is over," he tells them. "it's time to move on." to help, the new government is promising jobs, housing and even free college education to those who turn in their guns. ( applause ) the offer seemed to go down well, but on the outskirts of tripoli, commander khaled says he needs something else. "a psychologist," he say, "to help me come to terms with the ctrociti

nobody moves more dirt than caterpillar.nd we rely on freight rail to move us. ture, you're always looking ahead... to what's next... to what's possible confident... that taking action now, is the way to create... a better tomorrow. that's why we're announcing, that with the planned merger with t-mobile, at&t will begin bringing five thousand jobs to america from overseas. we will invest eight billion dollars more... and deploy the next generation of wireless broadband to nearly everyone in america. this investment will create as many as ninety-six thousand american jobs. here at at&t, we believe in the future. we're not hesitating. we're investing in america now. why? well, we know it's good business. because america... has always been... and always will be... a smart investment. at&t. chris: welcome back. joe, tell me something i don't know. >> the iranian plot to kill the suddeny ambassador may seem like a weird, crazy thing. people are worried about this in our intelligence community. it points to a much bigger problem i

the driver behind the wheel of today's trading was caterpillar. the world's largest maker of construction and mining equipment earned $1.71 a share, 17 cents more than analysts expected. revenue surged 31% to nearly $16 billion as demand for its machinery came from cross the globe. in asia, sales rose 27% faster than other regions emerging from the recession. cat shares rose 5% today, closing at $91.77. upbeat manufacturing data out of china boosted crude oil and copper prices. oil prices were up 4.5% while copper rose 7.5%. the industrial metal has been on a tear since last week as optimism spread a eurozone solution was on the horizon. that was welcoming news for freeport-mcmoran, the world's largest publicly traded copper producer. the stock was also mentioned as potential takeover target in the latest issue of barron's. tonight, f-c-x shares are also sitting at a one-month high of nearly $40. there was a soft patch in trading: consumer staples, led by kimberly clark. at $1.26 per share, its earnings were in line with estimates. the company cut

not as cheap as caterpillar which is growing faster and a better company. >> that's your pick.u going? >> marriot. an expensive looking stock that is actually cheap. he's one of the toughest guys in business and if you are bullish on the economy hotels will do exceptionally well. what do you think of that? >> i like marriot and the better pick is windham. look at both companies and windham has a better balance sheet and operating margin. >> what are you going with? >> i am going with fed ex. scen years old and company is amaze market leader and and uptake in the economy stocks are soaring. >> fred smith is a business hero and that stock never seems to move. >> story of my life. >> it is a great company maybe for dividends but not the

nobody moves more dirt than caterpillar. freight rail to move us. >>> two men are charged with an elaborate theft. >> the object of their theft it is something that few people would think of is a hot property. >> used cooking oil. it usually ends up in a fat like this. yuck right? not to those in the biofuels business or these two men. they are charged with grand larceny. they allegedly stole used cooking oil from a series of restaurants. >> for the better part of the last year we have been experiencing a lot of deaths of our accounts and is a significant problem. -- a lot of thefts at our accounts. >> a security guard got suspicious. >> it is not good. that a number of restaurants contract with green leave biofuels. they turned the used cooking oil into biodiesel. >> we take a waste product and put it back into the market as a renewable fuel. >> the men allegedly drove to the restaurants and pretended to be green leaf employees. that is one that got caught. they face serious charges but there are questions that remain prima

caterpillar moving. and mcdonald's. and/or cal. cigna and walmart wants to encourage shoppers to start checking off their guest list early this year. they are going to match the price of any rival store for any product bought before november 1st and christmas day. customers who find the item can bring in the receipt and add from the other store to receive a gift card for the difference. >> walmart said they won't have to wait. and they can make sure they get everything they want for the holidays. >> time now is 5:52. we are following the occupied san jose protest. live pictures just in. a man has climbed to the very top of city hall in san jose. these are live pictures you are looking at. we will bring you the latest on the scene. coming up. >>> special guest will be at san francisco high school. why carlos santana will be there and what will be celebrated. >>> good morning, north and southbound traffic in san francisco getting more crowded. we will tell you more, coming up. [people chatting] everyone, it's $37 a piece. paying with

freight rail delivered caterpillar to peoria more than 100 years ago. and they're still delivering cat machines today. you can find us on every continent. and the journey starts here on freight rail america's freight rail companies. helping deliver jobs across this country and goods around the world. reinvesting billions of their own money every year to build a rail network that powers our economy. nobody moves more dirt than caterpillar. and we rely on freight rail to move us. >>> 9:12 a.m. father following a health alert, chest x rays don't seem to prevent deaths due to lung cancer, researchers analyzed data on 150,000 smokers, half under went annual chest x rays, for four years half did not during 13 years follow up, both groups had similar numbers of people diagnosed with lung cancer findings appear online in advance of publication in journal of american medical association. >>> packing on a few extra pounds may not only make your annual flu shot less effective it may mean you could get a more serious case of the flu in you do get it. researchers fo

nobody moves more dirt than caterpillar. on freight rail to move us. ♪ >> i am urging memberings of congress to vote to put happens of thens of teacher in back in the classroom and cops on the treats and firefighters back on the job. if they vote no on that they will have to tell you why. >> the president needs to come off of the campaign trail and get to work. >> chris: president obama and kevin mccarthy on the politics of jump starting the policy. the obama plan was blocked in the senate and the idea of democrats to brake it up in smaller pieces and introduce them. you heard about aid to the state to keep first responders and teachers on the pay roll and make an issue of the republican plocking. it will not get people back to work and new jobs. but is it smart politics for the democrats. >> yes, most conservative friends think obama is flailing and it is not foolish. he can do and must get the economy going. he foolishly bought in the policies unless he fires ben bernanke and he's tuck with the policiless and so why not bl

nobody moves more dirt than caterpillar.rely on freight rail to move us. tututututututure, you're always looking ahead... to what's next... to what's possible confident... that taking action now, is the way to create... a better tomorrow. that's why we're announcing, that with the planned merger with t-mobile, at&t will begin bringing five thousand jobs to america from overseas. we will invest eight billion dollars more... and deploy the next generation of wireless broadband to nearly everyone in america. this investment will create as many as ninety-six thousand american jobs. here at at&t, we believe in the future. we're not hesitating. we're investing in america now. why? well, we know it's good business. because america... has always been... and always will be... a smart investment. at&t. is more oror less mathematically challenged. less isn't more, it's less. and the only thing more than more is a lot more. which is exactly what i get at embassy suites. more space... more down time. more family time. -more me time. -mor

nobody moves more dirt than caterpillar. and we rely on freight rail to move us.

wall street will get another wave of earnings report including caterpillar, amazon, delta and ups. >>> taxpayers may be bank rolling a kidney transplant for a white collar convict, former hedge manager is serving 11 years for insider trading. the 53-year-old is a diabetic which needs a kidney transplant which could cost taxpayers more than $300,000. >>> many wal-mart workers will see healthcare premiums rise. smokers, their premiums will jump 40%. wal-mart says rising healthcare costs are forcing it to eliminate healthcare coverage for new employees who work less than 24 hours a week. >>> a man feet tured in the story about the acts food bank, he is now the victim of crime. >>> police are now asking for your help in their search for a stolen power washer. that story, coming up in two minutes. ÑÑÑ mild temperatures today, tomorrow and wednesday. a stronger front comes through wednesday night, thursday. brings more rain and showers and much more chilly by the end of the week. we are looking at a lot of 40s out there with a few low 50s. even today a weak front comes through. here's a loo

st freight rail delivered caterpillar to peoria more than 100 years ago. still delivering cat machines today. you can find us on every continent. and the journey starts here on freight rail america's freight rail companies. helping deliver jobs across this country and goods around the world. reinvesting billions of their own money every year to build a rail network that powers our economy. nobody moves more dirt than caterpillllar. and we rely on freight rail to move us. >> this week after lots of campaigning for his jobs bill, the president came up short in the senate in the meantime, herman cain has shot to the top of theolls with his controversial 9-9-9 plan. joining us peter morici professor at the university of maryland school of business, and josh boak from "politico." gentlemen, welcome to you both. josh i will start with you. you wrote an article this week warning that the housing crisis raises the stakes for the bill. >> very much so. most local governments depend on property taxes to get their revenues, and property tax collection is goining to b

caterpillar led stocks higher after reporting a far better than expected surge in profits on record revenue, thanks to strong growth in exports. a flurry of corporate deals powered stocks higher. cigna is acquiring health spring for $3.8 billion. oracle is buying right now technologies for $1.5 billion. mattel is purchasing hit entertainment, owner of thomas and friends and barney for $680 million. and jm smucker bought most of sarah lee's north american coffee operations for $350 million. in other earnings, texas instruments slid after hours after saying economic uncertainty would hurt fourth quarter results in every major market segment. when will the bleeding stop for next netflix. they lost over 800,000 subscribers in the third quarter alone. since july when a price hike and a dvd by mail split off triggered a subscriber revolt, netflix has lost well over half its value. >>> and finally, mcdonald's mcrib sandwich, which has developed a cult-like following because it's not always available is back at all u.s. locations through november 14th. but if you really need a mcrib, here's some ne

freight rail delivered caterpillar to peoria more than 100 years ago. and they're still delivering cat machines today. you can find us on every continent. and e journey starts here on freight rail america's freight rail companies. helping deliver jobs across this country and goods around the world. reinvesting billions of their own money every year to build a rail network that powers our economy. nobody moves more dirt than caterpillllar. and we rely on freight rail to move us. >> most people i know it ended up at the same at minimum-wage jobs they at before college. they are stuck there now. they wasted a bunch of money and got a bunch of it get to go nowhere -- debt go nowhere. >> under graduate borrowing is up 57%. 2/3 of collegee students " on average $28,000 for the college education. deeply in debt, cannot find work. the president says he is gong to give sdents a break with exececutive action. critics say is a drop in e bucket. we are coming up on an election year too. >> compared to what they need to do, it underscores how holessly powerless gove

today we're going to hear from netflix, we're goes to hear from caterpill caterpillar.eports. in the meantime, people focus on europe and the possible solution to the debt crisis there. that we're expected to get from european leaders on wednesday. >> netflix is curious, because we want to see what effect those changes had on its consumers who, its customer who is left and of course, caterpillar, always an indication of how construction is going around the world. is it weakening or strengthening? and the gdp reading is very important to see whether we're at a turning point in our economy or not. here's something that worries me a great deal. these two georgia congressmen, who are coming up with an idea that allowed you to take your retirement money and pay your mortgage if you're behind. i mean these are very serious problems. i worry about this concept. >> i had the same feeling. so hear me out here. this is what these two congressmen propose. basically, they're saying, why don't you allow people to use money from their retirement accounts to pay down their mortgages.

. freight rail delivered caterpillar to peoria more than 100 years ago.elivering cat machines today. you can find us on every continent. and the journey starts here on freight rail america's freight rail companies. helping deliver jobs across this country and goods around the world. reinvesting billions of their own money every year to build a rail network that powers our economy. nobody moves more dirt than caterpillar. and we rely on freight rail to move us.

good earnings from caterpillar. right now, the nasdaq is up 92. the -- the dui is up 92.he -- the dow is up 92. walmart is announcing a new price-matching strategy that they hope will make holiday shoppers want to shop their shopping earlier than usual. the world's largest retailer says it will guarantee shoppers they will get the lowest prices at walmart no matter when they buy their holiday shopping. any shopper who buys something and later finds it at another store for a lower price will get a walmart gift card for the price difference. the offer is good between november 1st through christmas day and plies to stores and online. >>> mattel is now agreeing to the biggest toy acquisition in a dick aid. the company behind barbie and hot wheels is buying hit entertainment which manufacturers thomas the tank engine and bob the builder for $680 million. mattel says the deal will compalestine the two companies marketing and distribution capabilities. once the news of the merger was announced, mattel's shares are up 2% right now. >>> tonight, the cardinals face the rangers in f

caterpillar, another one, a major player in this town. china doesn't need an embassy, they've got caterpillar's government affairs office. but most importantly, wall street does not compete with chinese imports. they're most interested in locating banks in china. and as a consequence, tooth and nail, they oppose this so are we surprised that both the president and the speaker of the house are opposed to the china trade bill working its way through the senate? >> both the republicans and democrats are opposed to it. >> that's not quite right. the president yesterday in his press conference did not come out against china currency. and i think that's actually notable. peter may be right in the final analysis, but the president said, absolutely, they managed their currency. it was as strong a statement you're going to get from a president. >> what's he willing to do, jim? what's he willing to do? >> he certainly didn't -- >> he's willing to talk to them some more. he's not willing to take substantiative action. >> let's see. if that bill gets

ended higher as hopes for early resolution to the euro zone debt issue and strong earnings from caterpillar boosted investor confidence. to see how stocks are kicking ofhere in tokyo, let's go to our reporter at the tokyo stock exchange. ramin, good morning. what can we expect today? >> good morning. yes indeed. markets expecting a lot out of the upcoming meeting of the eu leaders on wednesday. and that's if european and u.s. stocks are anything to go by. we already saw the dow closing at levels approaching that 12,000 level. but having a look at where the nikkei and the topix are kicking off this tuesday morning, 8,855, up 11 points for the nikkei and the topix, 756. so both indexes trading higher. we did see the nikkei yesterday gaining almost 2% on the back of that positive euro zone sent imt which also tells you how strong it is given that the yen is still at stronger levels against both the dollar and the euro which tends to drive yen-sensitive stocks lower. but we did see a reversal of that yesterday. having a look at currency levels right now, you did touch on that at the top of the

caterpillar exports 92% of its american-made large mining trucks.mbian market that's an additional $300,000 on top of the cost of that piece of equipment for the tariff that has to be paid. just imagine the advantage that caterpillar could have had for the last several years over its japanese and chinese competitors if the house of representatives that at the time was controlled by the democrats back in 2508 had not refused to consider the colombia agreement when president bush submitted it or if the current administration had acted sooner. and that is just one example of countless others out there with american businesses. so i'm glad we're here today and i expect all three trade agreements to pass with what i hope is broad, bipartisan support. i hope we also have learned an important lesson. we cannot afford to delay when it comes to international competition and trade. i hope the white house has learned an important lesson as well. rather than submitting to congress divisive matters where there is fundamental disagreements such as new tax increas

the panama canal expansion project alone represents a $300 million opportunity for caterpillar. trade deals are particularly important for illinois-based navistar, which has one of the best name truck brands in colombia and panama. illinois agriculture also reaps a windfall from the pending free trade agreements. trade deals are expected to create about $2.5 billion in new agricultural exports, and over 22,000 jobs nationwide. expanding export markets for illinois farmers and the increased demand for agricultural products and equipment manufacturing in illinois will allow employers like a.d.m. indicator, john deere in moline and as i mentioned caterpillar in peoria to reinvest in their companies and to hire more citizens of our state. illinois farmers and ranchers are expected to see about $90 million in increased direct exports. as a result of the senate's approval of these trade deals. mr. president, these deals represent the direction that the senate should take overall on job creation. no tax increase, no borrowing, but opening up new markets for american-made products. i th

. >>> third-quarter reports from dow components, boeing, chevron, caterpillar, merck, exxonmobil, procter gamble, dupont and 3m. tuesday, the laters reading on consumer confidence will be out. on wednesday, we find how many new homes were sold last month. the gdp is the broadest measure of the u.s. economy and that number typically is a market mover. >>> finally, one of the world's richest men showing off two dimensions. >> you certainly do have a problem. >> everything we've tried -- >> warren buffett stars in the children's cartoon "the secret millionaire's club" previously seen online only. it makes its television debut on the hub cable network this week. also mentoring a group of young investors is jay-z. >> as a team, put your interest in business to good use. that's what i've done, being a good businessman has allowed me to help others. >> building better business, one child at a time. that will do it for us for today. thanks for joining me. next week, a look at where the next generation of high-tech, high-paying jobs may come from. have a great week, everybody. see you again next w

caterpillar led stocks higher after reporting a far better than expected surge in profits on record revenue, thanks to strong growth in exports. a flurry of corporate deals powered stocks higher. cigna is acquiring health insurer health spring for $3.8 billion. oracle is buying right now technologies for $1.5 billion. mattel is purchasing hit entertainment, owner of thomas and friends and barney for $680 million. and j.m. smucker bought most of sarah lee's north american coffee operations for $350 million. in other earnings, texas instruments slid after hours after saying economic uncertainty would hurt fourth quarter results in almost every major market segment. when will the bleeding stop for netflix? shares plunged over 20% after hours on its forecast of a sharp drop in fourth quarter profits. netflix lost over 800,000 subscribers in the third quarter alone. since july, when a price hike and a dvd by mail split-off, triggered a subscriber revolt, netflix has lost well over half its value. >>> and here's some good news for you folks out there -- or maybe it's bad news -- mcdonald's mcrib

caterpillar gained almost 1.5%. dow stock at&t was among the laggards, falling a third of a percent. shares have yet to recover from the drop since late august when the department of justice sued to block its buyout of t-mobile. at&t's quarter came in just as expected, but revenues fell short of forecast. subscriber spending was held back ahead of the newest iphone release earlier this month. while at&t saw customers hold back spending, waiting for the new iphone, nokia continues to see its handset sales drop. but investors instead are looking ahead. nokia shares gained more than 6%. volume more than tripled as the company continues shifting strategy to focus on low-end phones instead of smart phones. sales of sic model phones were up. technology was the weakest sector, pushed down by computer maker dell, down more than 5% on heavier than usual volume. we mentioned the microsoft earnings earlier in the program, and dell has been anticipating better tablet sales when microsoft releases a new windows computer operatin

we have really strong earnings for coming out from caterpillar. it looks like we could see an earlier flies in trading on wall street here e.f. for justine >> the search continues for a missing man whose kayak capsized in the san francisco bay. this happened around 3:30 p.m., the coast guard tells us they are not giving up. >>justine: occupy protesters are camping despite threats to have them removed. police are issuing tickets to cars to stop and donate to the protesters. rescue teams are for clearing away the rubble in turkey looking for people trapped after a magnitude 7.2 earthquake killed at least 270 people. >>mark: let's get a check on whether to. >>james: temperatures are on the mild side. upper 50s and low 60s. as you head to the north, that is where we see some of the coolest temperatures. here is where temperatures will be this afternoon. a good mix of '60s and '70s. some of our warmest locations will not feel that way. temperatures will cool off as you drive home. here is a look around the neighborhood. today will be cooler. 78 is the