caterpillar's earnings surge 60% and c.e.o. doug oberhelman sees big growth in the year ahead >> our growth in 2012 is going to come from just about everywhere in the world >> reporter: i'm diane eastabrook in chicago. manufacturers are hiring again. the problem is they can't find anybody to fill those positions. >> susie: then, a look at headwinds in the airline industry/ from fuel to labor to the struggling economy, the new math on what it takes to fill seats. it's "nightly business report" for thursday, january 26. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: a bullish forecast about the global economy from caterpillar today. the world's leader in bulldozers and excavators expects sales to grow as much as 20% this year. the company also predicted the global economy avoids a recession. tom, those comments came as caterpillar reported record quarterly earnings, posting a gain of 60%. >> tom: susie, that performance is an important economic indicator because

and caterpillar, a large portion of sales from overseas and that's fine. what you have to do in this environment. what the president couldn't comprehend. you have to have employees overseas to continue the growth. and without them overseas, they're not bringing in the profits that they reported in the last quarter and the money that the companies are making, based in the u.s. and they're bringing it back and putting it into plant machinery in the united states and create jobs here in the united states at the same time. >> ben, i think, not only are they bringing the money back, but pleading with the president to give us a break, we've got a trillion and a halfover overseas we'd love to bring back, but the point is you penalize the corporations, it doesn't help america get any jobs. >> it doesn't help any of the investments and they're the retirement plans of workers and the president has a fundamental confusion, he thinks investor means billionaire and someone with a silk top hat. investor means retirement work, working on the assembly line, behind the cou

it's caterpillar talking, union pacific talking, eaton talking. they know what they're doing, they're not fooling and and i'm taking my cue from them, not from the

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of caterpillar one of the largest companies on the planet. as i mentioned the president if las vegas talking up jobs but not talking up tourism this. why is hitting a very sour note for singer wayne newton? there is a connection, our sperm guest tomorrow, we explain. >> who says there is no drama to this obama? [ male announcer ] for our town. [ dog barks ] for our country. ♪ for our future. ♪ this isn't just the car we wanted to build. it's the car erica had to build. ♪ the extend range electric chevy volt. from the heart of detroit to the health of the country. chevy runs deep. insurance ... but afraid you can't afford it? well, look how much insurance many people can get through selectquote for less than a dollar a day. selectquote found, rich, 37, a $500,000 policy for under $18 a month. even though dave, 43, takes meds to control his blood pressure, selectquote got him a $500,000 policy for under $28 a month. ellen, 47, got a $250,000 policy for under $20 a month. all it takes is a phone call. your personal selectquote agent will answer

were you worried about the caterpillars? it is a good story. >> i went to my mother and asked we lived in the penthouse and on the sixth floor. our problem was it was the only apartment up here and my mom came in from work and she came in in the morning and she would never come downstairs. my mom was like been -- big ben, the clock. every day in the window and all the other parents were talking. one day i went to my mother and said how come you never go downstairs and hang out with mothers down there and talk to them? i leaned to my mother and son are you stuck up? when i looked at my mother she said what did you say? like that. are you stuck up? my mother looked at me with tears in her eyes and said i have never thought i was better than anyone and never raised my kids to think i was better than anyone. so why don't you go downstairs? she said i work in the hospital and the operating room and this project is infested with caterpillar's every summer. to god's truth, the jail station -- we turn its head of legal we turn the s

caterpillar hums. your early morning headlines are straight ahead. >>> is this actor about to relive his favorite film role? >>> incredible crash at the x-games and the only draft where you want to be selected last. you're watching "early today." >>> good morning. welcome back. i'm lynn berry. here are your top headlines this morning. >>> the international organization doctors without borders has stopped its work in detention centers. in the libyan city of misrata saying it was asked to care for prisoners who were being tortured. the group medical team said they treated fractures and tissue bones from electric shocks and kidney failures to beatings to see them go back for further detention. >>> the united nations got unexpected delivery earlier this month. 35 pounds of cocaine. the narcotics stuffed inside a hollowed out textbook were intercepted at the u.n. mail room inside four pouches with no return address. u.n. officials say the packages originated in mexico city. >>> there were some tense moments

caterpillar hums. and taco bell for breakfast. your earl morning business headlines are straight ahead. >>> plus, is this actor about to revive his most beloved film role? >>> coming up, an incredible buzzer beater, and the only draft where you want to be selected last. you're watching "early today." >>> good morning. welcome back to "early today." i'm lynn berry. here are some of your top headlines this morning. the international organization doctors without borders has stopped its work in detention centers. in the libyan city of misrata, saying it was being asked to care for prisoners who were being tortured. they say they treated bone fractures, tissue burns, and kidney failure from beatings only to see detainees sent back for further interpretation. the governing transitional council will investigate. >>> the united nations got an unexpected delivery this month, 35 pounds of cocaine. the narcotics stuffed inside a hallowed out textbook were intercepted at the u.n. mail room inside forged diplomatic pounchs with no return addre

china is caterpillar's largest market. it sees the chinese market growing 10%.ntime, an analyst at j.p. morgan predicted the u.s. construction industry is "on the cusp of recovery." we mentioned the two multi- billion dollar international plays today for u.s. energy supplies. between those deals, tensions with iran, and the stronger economic data, oil closed back over the century mark. the u.s. benchmark oil price settled just below $103 per barrel. its highest close since mid- november. any move up from here would take oil back to prices seen last summer. 2011 was disastrous for research in motion. it saw the market share of its blackberry smart phone shrink and the debut of its tablet computer, the playbook, fizzle. canadian media reports the company is close to deciding whether or not its co-c.e.o.s should lose their chairmen of the board titles. while it's not exactly a management shake-up, it did help shares of rimm rally more than 7%. the two current co-c.e.o.s and co-chairmen also happen to be the company's second and third largest shareholders with a lit

caterpillar hums and taco bell for breakfast? delicious. your "first look" at this morning's business headlines is straight ahead. >>> coming up, a pair of buzzer beaters, incredible crash at the x-games and the only draft where you want to be selected last. you're watching "first look" on msnbc. [ male announcer ] drinking a smoothie with no vegetable nutrition? ♪ [ gong ] strawberry banana! [ male announcer ] for a smoothie with real fruit plus veggie nutrition new v8 v-fusion smoothie. could've had a v8. but sometimes i wonder... what's left behind? [ female announcer ] purifying facial cleanser from neutrogena® naturals. removes 99% of dirt and toxins without dyes, parabens or harsh sulfates. so skin feels pure and healthy. [ female announcer ] from neutrogena® naturals. >>> welcome back to "first look." i'm lynn berry. here are some of the top stories making news this morning. the international organization doctors without borders has stopped its work in miss rat ra. they only saw detainees sent back for further interrogation. they vow

i was in caterpillar. i'm looking next week to companies, baidu is reporting on monday. that will be an interesting take. i'm going into individual names rather than buying or selling the market. >> there is a thing called earnings fatigue. it usually happens two weeks or so into the earnings cycle where you see guys buying the market and finding new catalysts. >> patty, you're a buyer of gold today. stand by for one second as we bring in the commodities king himself dennis gartman who is finally getting off the sidelines in gold today. he comes to us on the fast line. great to have you on the program on a day where you made an interesting move. >> thanks. let's remember, i've been out of gold for a period of time. i got lucky when i sold it. i wish i had been fortunate enough to bought it at bottom. i got interested, but didn't pull the trigger. sometimes as a trader, you have to go to another market where you haven't had a reputation made. i went over and bought copper 40 cents. i'm still long copper, but today i want to come back to the gold market. i think what the f

caterpillar reports earnings. we'll discuss the numbers and get the outlook from caterpillar c.e.o. douglas oberhelman. timothy geithner says he's a one-term man. the treasury secretary today said he does not plan to serve if president obama is elected to a second term in office. and while he said he was confident the president will be re-elected, geithner also said he was confident the president would have the privilege of having another secretary of the treasury. geithner is the last member of the president's original economic team. >> tom: the disgraced former c.e.o. of healthsouth will spend less time in jail. richard scrushy was re-sentenced today, and his prison term cut to just six years. he was originally sentenced to almost seven years for his bribery conviction back in 2006. he got the reduced term after an appeals court dropped two other charges against him. >> susie: with the fed pledging to keep interest rates low for a few more years, investors are >> susie: with the fed pledging to keep interest rates low for a few more years, investors are chasing yield and some are

and the industrials like caterpillar and honeywell following close on their heels. in fact, only the natural gas stocks have been left mind because the price of the fuel has collapsed. meanwhile, a rip-starter for last year's biggest losers like alcoa and bank of america. so given the similarities between this january rally and the move at the beginning of 2011, i think it's absolutely reasonable to ask whether this current selloff represents the beginning of something horrible, even though it was benign at the end of the day, maybe a reprise of 2011, especially because, once again, it's europe that's causing it, it's the bond vigilantes, those who seek to bust the treasuries of country after country, can get away from greece and are now circling around portugal. can 2012 be that different from 2011? don't we have to give up the ghost just like last year? isn't it for daned, isn't it written? i say not so fast. i want you to think of the world as a four-legged stool made up of europe, the united states, china and the emerging growth countries. okay? four-legged stoo

work according to a new report by the wall street journal corporate giants like general electric caterpillar microsoft wal-mart chevron cisco intel stanley works merck united technologies and oracle all american corporations have let go two point nine million american workers since two thousand and one and hired more than two point four million workers overseas take a look at this chart. this is you know pretty pretty straightforward here here we have when first of all the green line is job the green part is jobs being created outside the u.s. and the red is jobs inside the u.s. and used to be that jobs are being created in the u.s. and then george bush was appointed by the supreme court as president and all of a sudden what we see is that all these jobs in the u.s. are vanishing two point nine million actually almost three million and all these jobs being created outside the u.s. are suddenly appearing so the corporations are just basically moving these jobs offshore now there are bright of reasons why they do this was number one our laws have been changed over the years to to make it possi

it's caterpillar talking, union pacific talking, eaton talking.hey know what they're doing, they're not fooling and and i'm taking my queue from them, not from the gop, not from the democrats and not from ben bernanke. i'm jim cramer, i'll see you tomorrow!

late comeback on thursday to spring stocks to close slightly highers opinion materials and drove caterpillar leading the dow. on europe delaying its iran embargo. pushing stocks surprisingly strong bond auctions in spain. chevron warned on fourth quarter profits. corn futures plunged. wheat futures tumbled. >>> stocks tripped up early on data. december retail sales rose at the weakest pace in seven months. first time jobless claims moved higher last week mainly due to holiday temp layoffs. win resorts fell on news its vice chairman sued the company for blocking his view of business accounts. >>> home depot will hire 70,000 seasonal workers for the spring and food lion says it will close 113 locations in belgium and cut almost 5,000 jobs. slot machine maker international game technology confirms -- today, traders will watch early for the first big banker jpmorgan chase. bed bath & beyond are recalling metal tissue holders sold in more than 20 states contaminated with low levels of. >>> upset in college hoops. what is supposed to be a rosy year for the new york knicks keep getting dining room

. >> caterpillar. [ cheers and applause ] >> steve: nice!hat, mittens. >> jimmy: mittens, get ready, my man. >> announcer: the password is -- >> jimmy: does lisa go? >> steve: okay lisa, we're gonna start with you. >> phone. >> book. [ laughter ] >> jimmy: i thought you were gonna say "bone." >> steve: yeah, "phone bone." i did too. she read my mind. >> texting. >> jimmy: blackberry. >> it is blackberry. [ cheers and applause ] >> steve: 5 to 6. whew! mittens, doing good, man. >> steve: there you go. >> jimmy: all right, here we go. >> announcer: the password is -- >> steve: start with you, jimmy. >> jimmy: can i talk to you for a second? >> steve: yeah. >> jimmy: the password's mother. what should i say? [ laughter ] >> steve i would do "father," but like "fa-ther." >> jimmy: okay, good. [ laughter ] fa-ther. >> mother. [ bell ] >> steve: wow! >> that doesn't count. >> jimmy: all right, that one doesn't count. that one doesn't count. we'll play by the rules. i'm sorry. ready? we'll do this. >> announcer: the password is -- >> steve: jimmy,

caterpillar, mcdonald's and 3m. caterpillar, the most impressive. analysts weren't even close to estimating their blowout numbers. two of the 12 that reported this week on the dow missed on both the top and bottom line. travelers did say it was regaining pricing power. but it did not move the needle very much in q-4. chevron, downstream business was a major drag. of course, you cannot forget the earnings story of the week. i mean, honestly, when i heard apple's numbers, i thought, holy, beep. without apple, it's less than 5%. michelle, it's cable, but you still can't cuss. >> you sliced it and diced it nicely there, brian. facebook could file their ipo as early as monday. gsv capital owns a stake. >> more on the ripple effects of the ipo and social media stocks, let's bring in kayla. and julia boorstin. and harry joins us, a portfolio manager. harry, we haven't heard from you yet in the show. how do you greet this news? >> well, it's really interesting. you know, when i was refreshing my numbers for this talk, i was decidedly negative. but after i l

caterpillar ceo telling me he needs to keep creating jobs overseas to stay competitive, something theants american companies to stop doing. and from late night burritos to early morning eggs taco bell is now cook up breakfast at nearly 800 restaurants. the fast food chain hopes to take its morning menu nationwide by 2014. good-bye martha, hello marie. a report saying the hallmark channel is replacing the martha stewart show with a new program hosted by singing and dancing veteran marie osmond. the show titled marie is set to debut in september. that's business. i'm neil cavuto.   >> this fox 5 stock market report is brought to you by your lexus dealer. live life heroically.  >>> an international crisis tonight involving a member of the president's cab in. egypt band the u.s. transportation secretary's son from -- banned the u.s. transportation secretary's son from leaving that sunday following their campaign against pro democracy groups. reporter: egypt bard several americans including the son of transportation secretary ray lahood from leaving the

leading the dow higher, caterpillar rose. tiffany and company plunged 10%. elsewhere, orange juice surged a record 10% on news some brazilian imports contain a h m harmful fungiside. due to italy's economic crisis the mafia has now become the country's largest lenered. at home a good year to the preserve. thanks to its investment the fed paid $77 billion to the government in 2011. the second highest amount ever. in an effort to stay afloat, eastman kodak is hoping patent suits against apple and htc corporation will help speed its turnaround. several nation's biggest banks under investigation whether they overcharged customers struggling to pay their home insurance. >>> finally, the occupy wall street movement has left its mark on 2011 in more than one way. the american dialect society named occupiers its word of the year. >>> kobe throws them up. the wizards finally win. a big college hoops upset. the pittsburgh mayor understand firsthand the agony of defeat. >>> we have the rain moving up the east coast but the cold air is coming. your forecast is coming up

materials and industrials drove the afternoon recovery with caterpillar and alcoa leading the dow. oil fell on europe delaying its iran embargo. also pushing stocks, surprisingly strong bond auctions in italy and spain which eased european debt worries. corn features plunged due to higher than expected supplies. wheat futures also tumbled. december's retail sales rose at weakest pace in seven months. first-time jobless claims rose higher mainly due to holiday layoffs. electronics surged on a better than expected outlook. wynn results fell on news the vice president sued the company for blocking his access to accounts. home depot will hire workers for the spring. food lion will close 113 locations and cut almost 5,000 jobs. >>> slot machine maker international game technology confirms it plans to acquire double down interactive. finally, here's a product problem you don't hear about every day. bed, bath & beyond is recalling metal tissue holders sold in more than 20 states contaminated with low levels of radioactivity. >>> hockey's all-stars are announced. a fluke goal on the ice. y

caterpillar and alcoa leading the dow. on europe delaying its iran embargo. pushing stocks surprisingly strong bond auctions in spain. and italy which eased europe debt worries. chevron warned on fourth quarter profits. they took a late hit. corn futures plunged. due to higher than expected supplies. wheat futures tumbled. >>> stocks tripped up early on data. december retail sales rose at the weakest pace in seven months. first time jobless claims moved higher last week mainly due to holiday temp layoffs. company news. multifine line electronics surged on better than expected sales outlook. wynn resorts fell on news its vice chairman sued the company for blocking his view of business accounts. >>> home depot will hire 70,000 seasonal workers for the spring and food lion belgium operators says it will close 113 locations in belgium and cut almost 5,000 jobs. slot machine maker international double down interactive for $500,000. today, traders will watch early for the first big banker jpmorgan chase. finally. a kind of problem you don't hear about every day. be

two dow components that beat expectations, 3 m beat by 4 cents and caterpillar knocked it out of the massive beat for caterpillar in terms of the bottom earnings and revenue. 33,000 jobs since 2010, 14,000 were right here in the united states. something to feel good b >> those are construction jobs more than likely, more than anything else. becky quick, thanks very much. >>> daily run down will be back in 2 330 seconds. >>> few of the stories making headlines, egyp, authorities are stopping the son of the transportation secretary ray lahood from leaving the country. sam lahood is the cairo chief of international republican institute and was blocked from boarding a flight last night. the iri is one of those things that are funded by the republican party that help with international leekses, observing international elections a lot of times they work together overseas. >>> timothy geithner says he expects the president will replace him if president obama wins a second term n an interview with bloomberg tv, geithner did not specify what he will do next but anticipating the president won'

you look at a company like caterpillar, all sell side analyst. the difference between those two is very interesting. yahoo! -- and i understand you have a new ceo -- >> give the guy a break. he's been there two weeks. >> he's still running the company. >> he's going to fix it. i've had two weeks, here's the magic answer? give him a break. >> he could have come out and said i know you're all wondering what's going on with the board and what we're doing. he didn't even draaddress that. all they did in the beginning was say we're not going to talk about our asian situation. caterpillar come to the bottom of the call the ceo says you never asked about china, let me tell you. he came back and actually brought up something he thought the analysts would ask. that was very smart. but still -- >> that's a good point. it happens here too. don't you love when you get a ceo on or somebody in a position of authority and they sit down saying i'm not going to talk about this. you're like that's fine i'm going to ask you about it and now i'm really going to ask

invetors were encouraged by gains for bank of america and caterpillar. >> the early results continue to come in from the iowa republican caucuss. here are the latest numbers in to the ktvu newsroom. ron paul is now ling with 24% of the votes, romney is tied with santorum with 23% and gingrich has 13%. back here the governor's proposed tax initiative has some with deep pockets. the first financial filing shows the governor has raised $1.2 million in just the past two weeks for the ballot meat measure. it came from nine donors including a hospital group. the measure would temporarily raise the state sales tax and increase insum taxes on wealthy california residents. >> few clouds out there right now, another beautiful day from january in the bay area, temperatures got into the mid60s. few high clouds, jet stream still resides far to the north and that's why there is no rain in the forecast this week. that's were we are forecasting more very mild, if even warm temperatures for tomorrow. these are the highs from today. temperatures tomorrow will probably the warmest we see all week. we c

beyond earnings, we know caterpillar says look out. europe will be turning up by the end of the year. i think probably too aggressive. but the german manufacturing index, we get a reading on that wednesday. i think it's going to go a long way toward converting the skeptics if caterpillar is right. friday we get the january employment report. i think we're going to see a continuation of some good payroll numbers thanks to the strengthened auto bill, aerospace, retail markets, and oil. okay? the only two energies that are still laying people off in energies are banks and state governments. i bet this employment report will be another clarion call for you the sell your bonds and move into higher yielding stocks. here is bottom line. keep your eyes open next week because there is a lot of earnings to keep track of. unlike so much of last year when europe was in control, results actually matter now. to me that's plain wonderful. john in my home state of new jersey. >> caller: super boo-yah, jim cramer. >> the giants, the giants are going to