i hope you all know caterpillar. will be brief in my comments about us, but when you see construction zones and those little yellow slowdown signs, think of us because that is our business, and we love it. i think and the only one that slows down lower than the posted speed limit in a construction zone to watch what is going on. unfortunately there has not been a lot of that in this country over the last few years, and we need more. we are proud to do that for our country and around the world. we have in office and at least in an employee in every state in this country. we do quite a bit of manufacturing in the united states as well as around the world. we make industrial turbines in california. giant 400-ton skid steelers in the state of north carolina. we just announced and then open a manufacturing and design center in south dakota. teammate escalators in texas. i could go on and on, but i think you get the point. we are a big and proud and great american manufacturer that is able to take care of lots of opportuni

pete na jairian likes caterpillar as well. >> i like caterpillar, too. that's the kind of stock that will continue to do well in this market. manufacturing, capital goods, don't forget boeing and transportation equipment. avoid the consumer discretionaries. those are actually going to find a fairly aus steer consumer is not going to get away with borrowing. this is not 2006 again. the banks. it's hard for the banks to make a lot of money in the next two or three years. i would have the bias towards stocks like caterpillar to manufactures. >> guy. >> it's interesting. i think the fed does look at -- whether they admit it or not, i think they're focused on what's going on in the markets. i think you made an interesting point at the top. i don't think the economy and market are as linked as people say. i think the market is far outperforming where the economy is and where it's probably go, so i think that was an interesting point. long-term trades are interests. pete mentioned caterpillar. if you believe the world is turns around, that caterpillar is extrao

jc, you like caterpillar at these levels? >> yes, i'm starting to like caterpillar.has falling 20 in the last six months. if we can overlay the s&p 500 with kat pillar, we can see the s&p and caterpillar have been highly coordinated and traded pretty close together except until about mid-june where divergence occurred. >> we have a stealth rally, but caterpillar has not participated. >> did not participate until recently. we started to see them have signs of line into it. we see a nice rounding base which is healthy. they have this horizontal restance line that we're at right now today. and the downward sloping line. so i like to slowly start scaling with hoping to breakthrough the resistance. >> he is making the case technically for the stock, do you like caterpillar right now? >> this is a great company long term, but it has some head winds to go through. the fall off in june, the lack of performance when people got scared, but we got a great quarter and good sales in your opinions today. the problem is the sales numbers are going to weaken. you're hearing a mining

the big skyscrapers and tax, that caterpillar worker is disadvantaged because caterpillar has to pay tax. with the president talks about when he says that cell and so is for a subsidy for exporting jobs , it is trying to make that even worse. you have to quit demonizing this and eliminate tax on foreign earnings. we have to do the exact opposite of what the current running start. a level playing field with caterpillar, rather than giving them a head start. the best thing that we can do because right now americans are the worst placed in the world fororporate headquarters. if you're a quarter here you are taxed to death. we could be the central hub of the global supply chain. the best thing that we could do to create jobs in the middle class. >> i remember people saying things like we need an new equivalent to the space program. i think we kind of do. my vote would be for the energy sector. the private sector is extraordinarily innovative. at the same time, and remember, i was someone who started off by saying tt the federal government really does not have that much influence over emp

let's stick with caterpillar for our example. for strict sales you would buy a thousand shares every time it loses a point. the essence of strict scales is you buy in the same increments. every time cat goes down a point or three points, whatever size decline makes sense, you purchase the same amount of stock. using strict scales is smart and responsible. sometimes i have a problem with it, though. that's why i like to use wide scales when buying a falling stock, particularly one like caterpillar. you buy larger positions as the stock goes lower. i used to think of out as a pyramid of buying. if the stock lost a point i would put on a thousand shares. another point, 1500. when it's so low you can hardly believe how poor the stock is trading, double down. it's about a pyramid structure of buying the best investors i have seen all use pyramid style. they just don't talk about it. the lower the stock goes, the large other the buys become. the great thing is wide scales leave you room to maneuver. when the stock bottoms you want to p

making billions in profits in fact caterpillar c.e.o. made seventeen million dollars last year alone it's clear governor quinn understands now more than ever we need to be protecting the american worker not be abandoning them like paul ryan and his colleagues are doing well done governor the bad congressman joe walsh over the weekend someone fired pellet gun rounds at a mosque in the chicago suburb of morton grove fortunately no one was injured however the shooting came just days after congressman walsh had given a speech nearby where he said that america faces quote a real threat from radical muslims and that these radical muslims are quote trying to kill americans every week and quote walsh went on to argue that so-called radical muslims have taken over chicago and the city's suburbs and then right after his comments someone fired shots at a mosque outside chicago you know there's a term for someone who uses mass communication to convince a lone wolves to commit violence it's called stochastic terrorism and congressman joe walsh is gui

the big skyscrapers and tax, that caterpillar worker is disadvantaged because caterpillar has to paytax. with the president talks about when he says that cell and so is for a subsidy for exporting jobs , it is trying to make that even worse. you have to quit demonizing this and eliminate tax on foreign earnings. we have to do the exact opposite of what the current running start. a level playing field with caterpillar, rather than giving them a head start. the best thing that we can do because right now americans are the worst placed in the world for corporate headquarters. if you're a quarter here you are taxed to death. we could be the central hub of the global supply chain. the best thing that we could do to create jobs in the middle class. >> i remember people saying things like we need an new equivalent to the space program. i think we kind of do. my vote would be for the energy sector. the private sector is extraordinarily innovative. at the same time, and remember, i was someone who started off by saying that the federal government really does not have that much influence over

let's pick caterpillar. you have to make the change and then you will get it.'s go to steve in tennessee. >> am i diversified? i have sprint, standard motor products, products, altria and clorox. >> we are going to call this auto related. sprint the stock was down for the first time. seattle genetics is speculative bio tech. clorox is a tough one but not as hard as the kraft colgate. i'm not going to go there. i would say this is tobacco. it is separate enough. bio tech, teleco, auto and tobacco. bingo. very nice quarter for clorox. i love consumer package. let's go to michael in illinois. michael. >> citi bank, ingram america, chipotle, goldman sachs. >> that's four. is there a fifth? we are going to have to get you next time. the game is a game of five, not four. and that's it. that is the end of am i diversified. we play it every week. "mad money" is back at the end of the break. [ male announcer ] this is the at&t network. in here, every powerful collaboration is backed by an equally powerful and secure cloud. that cloud is in the network, so it can deliver

the big skyscrapers and tax, that caterpillar worker is disadvantaged because caterpillar has to pay tax. with the president talks about when he says that cell and so is for a subsidy for exporting jobs , it is trying to make that even worse. you have to quit demonizing this and eliminate tax on foreign earnings. we have to do the exact opposite of what the current running start. a level playing field with caterpillar, rather than giving them a head start. the best thing that we can do because right now americans are the worst placed in the world for corporate headquarters. if you're a quarter here you are taxed to death. we could be the central hub of the global supply chain. the best thing that we could do to create jobs in the middle class. >> i remember people saying things like we need an new equivalent to the space program. i think we kind of do. my vote would be for the energy sector. the private sector is extraordinarily innovative. at the same time, and remember, i was someone who started off by saying that the federal government really does not have that much influence over

. >> caterpillar, a great american company. what's going on out there?ng time. >> right. >> everybody knows what caterpillar yellow looks like. they see all of that heavy-duty construction equipment around the world. in the plan in joliet illinois they make the hydraulic stems for caterpillar equipment. our members are in the 10th week of a strike under these terms. they would like to have a pay raise. they haven't had one for six years. they would like to improve their lot in life meaning give some time off -- get some time off to spend with their families without being told when and where to report. under the current proposals, they may work all year and never get a day off. this is regressive bargaining. this company has -- actually the slaves had better conditions 150 years ago than what they are proposing today. they want to diminish the value of pension and health and welfare plans, health care. this comes on the heels, of the two best years in its history. they have made billions in profits. they have been able to reward the executive did handsome

>> caterpillar, though bounced recently that stock has been awful since february. with the price action today, maybe caterpillar is ready to make another move lower once again. >> the biggest pops and drops in midday trading. drop, first solar down 6%. guy? >> we know down 6%, guy. >> it's been crushed and also bounced about 100% since june so i think this selloff is probably it's next leg down in to the teens. >> a pop of 16% for josef a. bank, dr. jay? >> really going the like the way it makes your portfolio look, michele, because that's signature line. i guarantee you're going to like the 16% pop. beautiful quarter for them. and brings them all the way back towards 50. >> a drop of 3% in cliffs natural. bk? >> yeah. i don't know if it's supposed to have a floor at 120. turned out to be a trap door. this is a name that has come down tremendously. i wouldn't short it here but i don't see a catalyst for the short side. >> pop of 9% and sealed air corporation. >> yeah, must be one depressed person out this. ceo and succession plan, your stock has one of the biggest

it's going to bring caterpillar down, it just has a -- caterpillar is doing so much better than deere>> the other thing they say, and today is a full day coverage on the drought, is that it could positively influence the outlook as it spotlights a need for the highly productive agricultural equipment. there are so many analyst on the street, jpmorgan, that downgraded deere in a say the crops are so badly damaged that farmers are going to be more conservative and hold back for the next year. this flies in the face of that. we don't know what's going to happen. >> they're buying seeds. that's why the monsanto -- people say fertilizer is good, but this monsanto is the way -- >> these super seeds that cost more by the way, so farmers with more money in their pocket will they get a combine or whatever they use on the farm or super seed that's will protect the next crop against the drought? >> one of the things i heard -- my old deere tractor just keeps going. >> of course but understand. >> monsanto, deere. i don't mean to slide deere, but i think you're right. the farmers want to combat d

caterpillar, home builders, i think those areas are interesting. if you're looking for over valuation, that's money that can be redeployed and better used there. >> all right, gentleman, thank you very much. >> thanks, we'll see you soon. >> more good signs for housing, home builders hitting a four-year high today. jackie deangeles has those details. >> home builders are breaking out. the etf trading at the highest level since september 2008, 2238. the strength is coming on the back of jpmorgan saying it seized demand and housing prices. they are saying it's time to buy on some of the pullbacks. toll brothers was downgraded on valuation. nice moves in these stocks today. gold stocks on the move as well despite having lower profits yesterday. the company naming the coo as president today seen as positive. energy also in the green today, alpha natural resources making a big move despite it's poor second quarter report. the market for power generates coal is boosting stock. they well above the $7 rainge where it's trading now. >> the dow industrials d

i don't believe a thing in books that only have words like the dictionary but i know that caterpillarause he ate right through the pictures. thank you. my only problem -- [ applause ] my only problem with this scientific study is that it was a scientific study. [ laughter ] truthiness and empire cl evidence don't mix. it's like putting metal in the microwave. they take vengeance by spitting fire and voiding my warranty. you can't prove truthiness with information. you prove truthiness with more truthiness. in a process known as truthiness-iness. but ultimately in the end i trust this study for one important reason: it came with a picture of me. and that is all the evidence i will every need. we'll be right back. [cheers and applause] [cheers and applause] >> stephen: he will thank you very much. welcome back, everybody. my guest tonight is a celebrated movie star who is now moving on to the theater. a few more years and you might work his way down to waiter. please welcome woody harrelson. [cheers and applause] thank you so much. [cheers and applause] good g- to see you. hold on one s

bt just affects cabbageworms another caterpillar-type things. it will take care of monarch butterflies. >> somebody else likes sweet potatoes so much. >> i don't now. try it inside. just go ahead and take some cutting and take some water and soil and it should keep going. >> and stop by a produce stand. great to see you. up next, your maryland lottery numbers, and another check of insta-weather-plus forecast with tony. not everyone can understand it. the worry. the endless collection calls. we know what it's like... to be in your shoes. we're the providers of careone debt relief services. bernie dancel, who created careone, has been in your shoes. he once had his own battle with debt, which motivated him to start what is now the nation's largest brand of debt relief services. so call right now to speak to someone who understands -- and get your free customized plan. our certified personal finance counselors have helped over 5 million people just like you. it's not a loan. it's not bankruptcy. it's debt consolidation with a payment you can afford

i want to start by taking look at shares of caterpillar.s not so great. caterpillar today's global dealer is much better. shares are higher today. one of the biggest leaders on the dow. also, take a look at financials across the board. mostly in europe. as simon mentioned, the bank stocks are higher. we're happy about angela merkel said about the euro and maintaining that. look at the financials here. the excela out performing the broader indices. look at this retail. the rlx, up almost 3% for the week. it was a good week for retail earnings. simon, back to you. >> okay. thank you very much for that. >>> let's go to capital market, gary kominsky is giving us an update on investor sentiment, more broadly or on facebook? >> i don't know if it's investor sentiment. got to get you into my life. take a look at this chart. very quick thing. take a look. i came across this yesterday and it's not anything we don't know. but it's a pretty, pretty in your face reminder of what's happened. this is the average holder period of u.s. athletes. this is th

caterpillar with action because of the deere disappointment. >> yeah.se are -- i mean, caterpillar and deere high quality companies and long-term investor you want to buy them at weak points in the cycle and i don't know if we're definitely there. i think the adco idea is interesting. they're very heavily entrenched in brazil and important because it's a sugar crop, et cetera. might be a more niche idea and let the deere thing settle out. >> all right. we are back on the other side of this break. we'll go around the horn and get final trades. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. wanted to provide better employee benefits while balancing the com

i don't believe a thing in books that only have words like the dictionary but i know that caterpillarause he ate right through the pictures. thank you. my only problem -- [ applause ] my only problem with this scientific study is that it was a scientific study. [ laughter ] truthiness and empire cl evidence don't mix. it's like putting metal in the microwave. they take vengeance by spitting fire and voiding my warranty. you can't prove truthiness with information. you prove truthiness with more truthiness. in a process known as truthiness-iness. but ultimately in the end i trust this study for one important reason: it came with a picture of me. and that is all the evidence i will every need. we'll be right back. [cheers and applause] ll hello, welcome to hotels.com. summer road trip, huh? uhuh yep uch let's find you a room. at hotels.com, you'll always find the perfect hotel. because we only do hotels. wow. i like that. nice no. laugh... awe uch ooh, yeah hmm nice huh book it! oh boy call me... this summer, we're finding you the perfect place - plus giving you up to $100 at hotels.com

. >> look at shares of caterpillar and joy global. they make equipment for mining and seeing shares fall today as there's an announcement of shelving plans for the $20 million olympic dam project in australia. holding shares of caterpillar you're counting on that project. looks like you're disappointed at least right now. simon, back to you. >> thank you. >>> it's cheap to invest there but is it too dangerous? talking, of course, after russia after an all-girl rock band sentenced to two years in prison and more of the detractors of president putin were arrested. >>> before the break, let's bring in the big five movers on the session so far. the dow under pressure down 73 points. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with

we call it caterpillar. >> i'm going to taste this because it looks so good. thank you. thank you, thank you, general manager, benijana, bethesda and dulles town center. thanks for being with us. come back and visit us at 5:00.

i don't believe a thing in books that only have words like the dictionary but i know that caterpillarause he ate right through the pictures. thank you. my only problem -- [ applause ] my only problem with this scientific study is that it was a scientific study. [ laughter ] truthiness and empire cl evidence don't mix. it's like putting metal in the microwave. they take vengeance by spitting fire and voiding my warranty. you can't prove truthiness with information. you prove truthiness with more truthiness. in a process known as truthiness-iness. but ultimately in the end i trust this study for one important reason: it came with a picture of me. and that is all the evidence i will every need. we'll be right back. [cheers and applause] as you can clearly see from this attractive graph that our sales have increased by... sorry, my liege. honestly. our sales have increased by 20%. what is this mystical device i see before me? it's an ultrabook. he signed the purchase order. with an ultrabook, everything else seems old fashioned. introducing the ultra sleek, ultra responsive ultrabook. a w

rival caterpillar fell, but not as much, because it reached a tentative agreement with striking workersat a plant in illinois. shares of j.d.s. uniphase saw a nice pop today, after yesterday's surprisingly upbeat earnings forecast. the company says demand for its optical networking components is strong. j.d.s. uniphase stock closed up 8% today to $11.56, rebounding from a 2.5 year low set last month. and finally, among the most actively traded e.t.f.'s today, all on the upside, except for the ishares emerging market index fund. and that's tonight's "market focus." >> john chambers. it's so nice to see you. congratulations on the strong numbers. >> thank you, susie. it's good to k back on your show, and nice to be reporting good numbers. >> susie: yes, you do have good numbers. and that big dif denld hike was a positive message thaw sent out to everyone. but you also told analysts today thatd global economy is presenting challenges for cisco. how would you describe the overall market around the world for tech spenldying? >> it's in three parts. europe is a tough challenge, and it's tough

a lot of companies like caterpillar are being cautious with their work force.hey are not hiring, that is for sure. they are looking for ways to cut in the face of what we see as a synchronized slowdown in the global economy. you raise an interesting point when you talk about your husband's salary. a lot of big companies and industrial companies like caterpillar complain about something called the skills gap. they cannot find workers that have the experience or the training to do certain jobs. that is really fascinating when we have so many millions of people unemployed. why can they find these people? we are not really sure what the problem is. it may be that the companies do not want to take on the training or they just do not want to take people for these jobs. host: lorraine woellert covers the u.s. economy and indicators for bloomberg news. et.have a twea because the best because of a gallon of gas will be the equalizer in terms of the employment numbers. talk about what kind of factor because of gas will play in november. guest: it is interesting how big a

those who supply the means of the strike in this case caterpillar the american company who built the bulldozers that were purchased by american money. and were delivered to israel. they were the ones who were actually used to kill rachel so so all of these all of those elements that i mentioned are complicit in one way or another and we have to challenge the whole the whole system that is on the one hand not respecting human rights and on the other hand those who are funding and being complicit in that role it will leave it there thank you very much indeed ronnie barker an activist calling on boycotting israel from within there very good to hear your thoughts thank you very much indeed. leading muslim scholar and spiritual leader has been killed in a terror attack in russia's caucuses republic of dagestan local police a female suicide bomber blew herself up at the home of the cleric at least six others were also killed in this following developments for us. seventy four year old shaikh side of fundy was a leading muslim scholar a spiritual leader and an author in dagestan in russia's

this particular toxin found inside your corn occurs naturally inside caterpillar then even some moths the toxin is a powerful insecticide that's proven to liquefy the stomach lining of insects that try to grab a bite so we know what it does to bugs but at this point we don't know what it can do to humans so what does this all mean for the corn consumer to discuss i'm joined by can all ball a history professor at university of the pacific and author of the book you see here the lost art of hearth and home can welcome so i mean how can grocery stores sell genetically modified corn that contains insecticides that have never been tested on humans. well that's true all genetically modified food but we've been eating it's a quite a long time anyway i mean the genetically modified corn has been on the market for a long time it just gets made into. corn oil and other products so it's not like this is brand new to us. and even the philip turned against this has been planned in the u.s. for years and in general for about a century so that's also really nothing new at all in fact this strange ir

have the caterpillar equipment crossing the train tracks. that is over by a huge amount of coal. it seems the they are still removing some of the coal from the tracks before the trains can continue running. csx planning at some point to have trains running once again. we have been told that a viewing for one of the girls killed in the deadly derailment, 19-year- old elizabeth nass, that review will be held in ellicott city tonight from 5:00 p.m. until 8:00 p.m. >> a police-involved shooting along the eastern shore. this happened on wednesday evening. the person broke into a nearby home. then he escaped into a field. a police officer located the suspect and fatally shot him. >> police are searching for a suspect posing as a b.g.e. worker. the imposter assaulted an elderly man on east baltimore street. the suspect said he needed to check an electrical panel in the basement. the suspect pulled a gun and a struggle took place. the suspect then fled the scene. he is believed to be between 25 and 30 years of age and was last seen wearing a white t-shirt and a neon yellow b.g.e. vast an

caterpillar the world's largest maker of construction and mining agreement signed a tentative six year labor agreement with employees at a joliet plant no specifics on that deal it will go to a union vote tomorrow workers at that plant went on strike in may after the previous labor contract expired. >>facebook shares are lower today the lockup has ended today to prevent insiders from dumping shares early investors like goldmansachs will be shipped selling part of their holdings today more than 271 million shares will hit the open market ... sears did better than expected in the second quarter it is spinning off its smaller hardware stores to get the cash ... apple is in talks with at least one of the largest cable companies to build a device caring live tv and largeother content ... stocks are higher right now on wall street the s&p is going to its highest level since april after reports as building permits jumped in july to a four year high level ... next: a preview of this weekend's big air and water show. and later in the medical watch: a common breakfast item maybe as bad for your

hewlett-packard caterpillar intel coming under some pressure.-packard reporting after the bell today. that will be one to watch as well. we have you covered here on the fox business network. back to you. dagen: there you go, after the bell today. breaking news right now, europe's markets closing and ashley webster has all you need to know. ashley? ashley: hey, dagen, well it is a sea of red across europe today. we've seen a broad sell off across all major european exchanges as investors take profits and pretty much hedge their bets as the greek prime minister begins his quest to try and win some extra time to enact the budget reforms. let's take a look at the closing bell, starting in london with ftse down 1 1/3%. and the cac down. and the dax also down. investors are worried essentially the currency moved too far and too fast, right now the euro is standing right around 124.61. in athens, greece' prime minister is meeting with euro group chief. at issue is whether greece has done enough to receive its next bailout money, expected to be doled ou

i also took into account the elimination of dividends in caterpillar and 3m and added in alcoa for good measure. dire assumptions to say the least. even under these incredibly ghastly conditions i couldn't see a low that took us down from where prices were. from the moment i made the call people were telling me i was crazy and i had no idea what i was talking about. [ booing ] a month later with the dow 1500 points higher these people were still ther sending me e-mails that were more impassioned claiming it was still too soon to tell. telling me i was no longer at the hedge fund and i didn't know what i was doing. if you find yourself making that argument you're digging in your heels and you should be changing your mind. this is something that's hard for the most emotional investors and traders to come to terms with. believe me. i know. it's also crucial if you want to be a better investor than you are. people do this all the time with stocks. we would never allow ourselves to make the same thing with sports. would you claim that your favorite basketball team still had a chance of comin

broden has seen it flay oplay o apple and caterpillar. want to focus on the ones where it's in the process of happening right now. this bearish to bullish chart move is still actionable so you can pull the trigger as the market works its way lower. so take a daily chart of lulu lemon. this is the rapidly growing yoga inspired retail that happens to have a store two blocks from me and i like to take a look the a the merchandise, so to speak. bro broden sees signs this chart could be moving from bearish to bullish. the evidence, after making lower highs for months, i mean, ugly, ugly, ugly, ugly, ugly -- last friday, lulu lemon broke out from its previous high from july 0. so now we've got a higher high. lulu also had the moving average crossover that broden likes to see. see that crossover? five day going above the 13-day moving average. but remember, this is just the beginning of the process. broden will wait to see if lulu lemon can make a higher low. all bets are off. the chart remains ugly. but as long as it stays above that level, bro

baeken down stocks like starbucks, caterpillar, and mcdonald's that hit short term blows. nobody believes the rally or wants to get involved. we're going to 3,000, be in cash, and the market continues to defy all of those predixes. >> what about you, rick santelli, the market has been saying something in fixed income for a little while here. >> yes, i have two observations. europe is the excuse here but if there was nervousness, why would the safe harbor trade not be alive and well. interest rates are not acts like there is an issue in europe, and one second point when it comes to stocks, i really think that it doesn't matter if it's fundamentally driven or not, if it's liquidity driven it's good enough. >> that's what it's been, but do you want to be buying stocks? >> mo, i don't, but it might not change. the world is going to see the issues of europe and solvency for a very long time. the central banks created a lot of liquidity. it doesn't not represent the state of the economy, and it keeps going on with big shocks. >> maria, there is not many retail investors jumping