blowout results from caterpillar. earned $1.72 a share in the corner well above estimates raising their full-year guidance. >> we had steady sales and steady production and getting after lean manufacturing. all our operational margins, getting good cost reduction, top line from our supply base, as well. operationally, really makes me feel good about this year and this quarter. >> cost cutting, for sure. in this environment, they are now looking full year $6.50. earlier in the year they were at $5.85. >> this has become a battleground for the shorts. no sooner did they report than i had four people say how lousy it was. what i find funny is when you basically had a china operation that's terrible. when you have a company that has historically missed and you have fantastic leverage on very little sales growth. it's okay to say it was a good quarter. there is nothing in this quarter that is surprisingly horrible. i know that may not be enough, but the theme of this quarter so far is stocks have been going down because th

so what is the outlook for caterpill caterpillar? dominic chu has more. >> their bulldozers, dump trucks and heavy machiny are used by everything from miners to drillers and construction worker, and they're used all over the world. that is why many use their growth as a gauge. caterpillar reported full sales and raised the full-year profit forecast thanks to increased demand from the north american construction, oil and gas markets. the strength in caterpillar stock helped to fuel gains in the overall stock market. but while many traders and investors focused on the stock gains others are a bit more cautious. >> one of the reasons that caterpillar headed into 2015 was exactly on that piece with oil prices coming down, if they fall further going into 2015 that will impact many of t way.illar's business, not for "nightly business report,". >>> another big name out with solid earnings just general motors despite the recalls of more than 30 million vehicles in the first half of the year gm had its best third quarter since 1980. surging t

caterpillar, 3m and others in focus today.wk box" returns with that and a lot more in just a moment. where you headed at such an appropriate speed? across the country to enhance the nation's most reliable 4g lte network. how's it working for ya? better than ever. how'd you do it? added cell sites. increased capacity. and your point is... so you can download music, games, and directions for the road when you need them. who's this guy? oh that's charlie. you ever put pepper spray on your burrito? i like it spicy but not like uggggh spicy. he always like this? you have no idea. at&t. the nation's most reliable 4g lte network. (vo)solver of the slice.pro. teacher of the un-teachable. you lower handicaps... and raise hopes. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (pro) nice drive. (vo) well played, business pro. well played. go national. go like a pro. >>> so we'll take a look at some stocks to watch

caterpillar upping its forecast. you are getting credit here on the big moves for forecasts going forward and some of those increases even though we have been seeing relative good earnings across the board. >> and a bifurcation. one thing remarkable is you saw coke blow it. ibm tanked and here the market just charges past that. these are the original blue chips and everyone is overlooking that. apple this is going to be a spectacular quarter for them. everybody is focused on that. they basically secretly increased prices by a hundred or two hundred dollars on the iphone. and suddenly all of that is on the bottom line. so already you can feel the speculation and now the only question with apple is is it just a one or two quarter cycle story? >> on the broader market are you going to now shelf your call for serious pain? >> no. still the analysis holds which i don't think it is different this time. i think the century long data of valuations, looking at another cyclically adjusted basis suggests that returns are going

caterpillar made a lot of money last quarter, caterpillar's up $5. 3 m's sales were up almost 4%.hat is not huge but its business will keep growing through the next year. is up $8. transportation sector of very big winner. two railroad stocks hitting all-time highs, union pacific and csx. check more transportation stocks, alaska air, jetblue, writer all with big gains, 19 of the 20 stocks in the index are up. big rally. look at the price of oil, dropped to $80 a barrel yesterday backing up to $81.79 today. the real story for energy is the price of gasoline, $3.07 a gallon. that is your national average. 15 states in the $2 club. the price of regular is less than $3 a gallon and where is the cheapest gas in the country? you pay cash, $2.45 a gallon at the busy bee sting houston, texas. charlie gasparino is here. these markets just want to go up. >> we are not masochists at the fox business network. we like it when the markets go up. stuart: where are you going with it? >> trying to lay out the facts. i told you paralysis was the best medicine. don't do anything. let's figure out wh

credit earnings from a number of companies for the gains, 3m and caterpillar. the industrials were good. strong day. >> industrials have fallen about 10, 15 percent. expectations were low on concerns of the dollar and europe. and certainly the companies are saying that europe is soft. but they are doing a lot of better job in terms of off setting with better results in from north america, as well as margins. i was impresed with caterpillar. 3m. all four division had margin expansion. organic growth about 5, 6%. non residential and residential construction leading the way. a sigh of relief for me. i think the group that's lagd is starting to catch up and very encouraging. >> the most important things steph just said was a sigh of relief. because if you believe that this market can take that step higher, you need earnings to come in where people hope they will. and this is the kind of day that makes you believe that they can. >> yeah. especially a stock that stephanie's been all over. dana holdings. any of these auto parts suppliers. leer as well. and borg warner

the surge fueled strong earnings by likes of caterpillar and 3m.ll keep our eye on this as the market moves higher today. >>> you have to work hard for your money and your food stamps. next spring, thousands could be cut from indiana's food stamp program. turns out to qualify you have to actively be looking for work. fox business's own david asman. jack hough is with us as well. indiana previously waived federal requirement that food stamp participants have to be employed full time, actively looking for work or training program in the future. doesn't seem very stringent those requirements. >> not only not stringent we've been here before. in 1996, we had welfare reform. tremendous welfare reform and both republicans and democrats under president clinton got together to do it. there were main points of '96 welfare reform. five-year limit on benefits. require recipients search for work, otherwise welfare to be removed. have states replace the replace with welfare to work program. welfare rolls went down 60%. child poverty biggest decline in 30 years.

amazon, gm and caterpillar are set to error today. canada's prime minister says the nation won't be intimidated by terrorists. >>> and uk retailer tesco weighs on the if it is ft. after scrapping its full year outlook. >>> now let's have a look at some of today's other stories. today is a monumental day in the world of technology. it's national ipod today. it was 13 years ago today that steve jobs unveiled the ipod and could hold 1,000 strong as it later wednesday on sale in november of that year for $399. apple made it into a must-have product. >>> camel and other well known street brands is outsmoking starting next year. the company will still allow the use of smokeless tobacco products. reynolds plans to build inner door areas tore those who want to take a break and smoke. the no smoking policy will go into effect once those are built. >>> credit suisse beat third quarter expectations with net profits topping 1 billion swiss franks. carolyn asked the ceo about the bank's exposure to litigations risks. >> he certainly have some bene

i want to talk about caterpillar. construction in north america up 9%. every other region it was down. energy up in america 33%. you don't want to say fracking is a miracle? and then 3m, got to give a shout out to hillary kramer, picking out another 737 after that call. okay, organic volume -- [laughter] up almost 9%. asia was up 5%, europe and africa flat, latin america still struggle, down almost3%. i've ce dirty fingernail stocks. we are not dead yet. then after the bell everybody beat except amazon, o.k.? and they missed bad on the top and bottom. jeff bezos, i know you're cocky, i know you've done a lot of great things, but investors are going to continue to remind you they want profits. in the meantime, stuart varney smiling ear to ear. microsoft blew them away. yesterday you and dani both said you loved the pullback, but were you surprised at how strong today's snapback was? >> i was extremely surprised. once they found out it was a lone shooter in canada, okay, we got rid of that fear, and then we started rallying throughout the day. midday we ha

demand for caterpillar. caterpillar is going to report a truly stellar number it will need to see china rebound from its soft patch. i don't want to own the stock going into the quarter. as i say, get rich carefully. the cat conference call is the best for getting the read on the economies because you only buy the huge equipment if you want to do something big and that requires confidence. after the close this is one that really worries me. we hear from amazon. i am troubled by this company. amazon is in one of the moments where it wants to spend, spend, spend and seems to have contempt for those who want to see profits. the ones who sold google today could be further disappointed when amazon reports. i much prefer alibaba which is much, much cheaper. finally we are back to the bond market equivalent mode friday when proctor & gamble report. i think there is a lot of restructuring ahead of it and will protect you from the down side while the upside could be considerable measure. i think that is giving you a

caterpillar a big winner in today's trade. up as much as 5.5%.gest gain since january of this year raising profit forecasts because of north american construction. so china may not be doing so great as far as the macrofundamentals fwurks u.s. is picking up the slack. >> and we were talking about uber because i write a lot of yubers but also look tat trrk supply company. today raymond james raised it to a strong buy after it beat earningsest mats and boosted its forecast. it's the best performer in the s&p 500 today, you go tractor supply. >> some of the other agricultural companies are rising, agco so giving a lift -- l these equipment make makers. >> market marblet will be back. applications for jobless benefits are at a 14-year low. we will be speaking with the secretary of labor, thomas perez. ♪ >> this is "market makers" with erik schatzker and stephanie rule. >> the goals are back. stocks on a run today. the dollar is rising too. there are new signs that economies are doing better around the world. >> the giant who will control your tv set.

big deeps from the likes of caterpillar and 3 m. again, a situation where revenue suspect growing much. employee headcount is down and it goes back to the point that nigel and others are struggling with as a result. very spotty in that regard. american electric power slipping on lower-than-expected revenue in its report but that, stock has surged this year. aep ceo will speak with us exclusively about the earnings, the affect of the explosive growth in shale production, regulations that would try to phase out their coal production, which 60% of their power generation. all that coming up with him in just a moment. >>> later, the ceo of advertising giant, and the head of online food order and delivery company, grub hub, here to talk earnings, talk to them about the economy and a whole lot more. don't go anywhere. straight ahead. e financial noise financial noise financial noise financial noise are we still on for tomorrow? tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. csx. how t

from the likes of caterpillar and comcast and as you, the investor, bet on the american consumer sending a wave of names like these on your screen, home depot, dominos pizza, dr. pepper and more to record highs. does the rally continue to roll? >>> and that brand new smart ship, is it a new course for royal caribbean. shares up 60%, sliding today by only 3%. the ceo adam goldstein here to talk about whether he's worries about the chinese consumer. what about ebola? is that in the rearview mirror? yes, if you ever take a cruise, you know you've thought about that lately. we know, yes, that china is big, how usual is it to u.s. corporate profits? mark zuckerberg just learned mandarin. will it set a new standard for american companies trying to break through to the largest pool of consumers, he's one smart guy. let's start the "countdown." and so yes, companies came out with bangup earnings today, but if there's one thing investors are learning, it's that in some cases and we saw that this week, it's time to say out with the old and maybe in with the new. in this kind of market enee 200 poi

. >>> wall street having a huge day, thanks especially to blue chip companies caterpillar. up 5% before reporting earnings. take aing a live look at the big wood, the dow is up 223. at one point it was up over 300 points. nasdaq up 65. the s&p up 23. >>> at least three people reportedly sickened by e. coli tainted water in san jose. the repair work being done and when residents can be done to have clean drinking water. >> we've been talking about possible rain but where is it. steve paulson will be here to tell you about wet weather he's tracking. >>> the kansas city royals just rolled into at&t park as fans are gathering there as the excitement and security ramp up in anticipation of this weekend's world series. >>> people in one north san jose neighborhood are still being told to boil their water. people in the three-block area near the milpitas border have been warned the water may not be safe to drink because of e. coli contamination. reportedly, three people have become sick. ktvu has learned the utility actually discovered the contamination problem three days earlier.

imanufacturing was able to risk the a personal endorsement from caterpillar. he has been an outspoken critic of the business by met. cannot really grow our economy as long as this is true and cannot solve the many problems facing us in illinois. manufacturing jobs have 64,000 .obs is critical. i will work closely with manufacturing firms to make sure they stay here in peoria. i want to make sure caterpillar invests here by making sure the business climate is driving. bym honored to be endorsed the illinois chamber of commerce. we need to make illinois pro-business and pro-growth to be able to fund our schools and turn our state around. >> states would play a large role in rules to cut carbon emissions. do you believe climate change is happening, and what is your take on the obama administration's plan to cut carbon? they allowe broad-based options. i do not believe betting too much on any one sector is prudent. we need energy independence. see that alsoo for illinois. i believe we can have renewable resources here. we should have further development of renewab

manufacturing economy is critical to i will work closely with manufacturing firms like a caterpillarmake sure they stay in peoria. i want to make sure caterpillar opens their headquarters here by making sure the business economy is strong and thriving. i'm honored to be endorsed by the manufactures association, the illinois chamber of commerce. we need to make illinois or business and pro-growth to fund our schools and our pensions and turn our state around. >> states would play a large will in implementing the proposed federal world cut carbon emissions but do you believe climate change is happening and is man-made? >> i believe we need a broad-based portfolio of energy options in illinois and in america. i do not believe betting too much on any one sector is prudent. we need broad-based and we need the energy independence for america and i'd like to see that also for illinois. i believe we can have renewable energies resources here. we could happen should a for for the department of our wind farms, solar energy, renewable resources. i believe we can be prudent in our energy develop

one of v(" best investorw#k thy of ok2009.xd caterpillar was going down and down and down for weekss raced their estimates ahead of what looked to be a bad quarter. the analyst, they all turnedÑi bearish at once after and orders 4/8si.7áyday.y!e cf1 o ight at the great recession. when caterpillar rep:ááq", the quarter was uglier than an lists predicted and some from the year 50%. wspt)át but, and thislpk important. catc stock barely reacted fallig returning to whereó[ it was whe the hideous earning announcement that's the classic sign you're looking at a bottom. right thenmnoñ cat was screamin look at me, look at me, all the bad news, the worstq is over. it can be dangerous, if you come too early and so often happens but sometimes theu@-arket willz% call the bottom for you and that's what happened in 2009 with caterpillar.xdt(v keyword, trough. anybody could have caught this move by watching how the stock didn't get crushed like youok would expect after the hideous estimate cuts. maybe you're saying okay, cramer, t$cá was zv2009. example when it made sense.jf jpÑilpÑi morgan, rememb

caterpillar said 2015 sales will be flat to slightly up. it sees potential for higher investment in infrastructure in the u.s., india, and turkey. general motors said third-quarter profits be estimates as expenses declined and customers bought the cups and sport utility vehicles. gm's recall expenses are substantially behind us. >> since we started this recall and moved through it, the sales results would indicate that our new products continue to resonate with customers. we continue through our dealers and the efforts that we are taking to see improved sales. so on the strength of our new products, we have not seen a material impact on our sales thus far. exceeded analyst estimates in the dash in six of the last nine quarters. treasuries falling after better than forecast or print earnings. let's show you how the equity markets are doing at this hour. the s&p 500 is up 1.6%. the dow jones industrial average is now up 1.6% as well. and the nasdaq composite index on the rise as well, up nearly 2% at 4466. stocks right now at the highs of tod

we get data from unemployment and earnings from caterpillar, comcast, gm, amazon and most. apple says it's aware of the problem. >> got to keep track of those unemployment numbers this morning. thank you very much, kate. if you missed the lunar eclipse earlier this month, today is your chance to see a solar eclipse. today's partial lunar eclipse starts around 2:00. if you catch it, make sure to not look directly at the sun. >> that is very key. anthony is in for christina. here's our forecast now. >> if you live south of the peninsula and the south bay, you may see some of that but overall it's going to play cloudy most of the day today. a lot of this activity has not made its way into the bay area just yet. do expect it to push over to napa and fairfield. it's still concentrated to the north near clear lake. it'safter about and later on today we will see a good mix of sun and clouds. in san jose you'll be pretty much sunny all day long after about 11:00. the peninsula just a tad cooler with request the east shore with some sun and pretty mild. the next couple of days, fog

a show of hands, whom of you think i'm a giant caterpillar? all right. seems like the drugs are kicking in. that's important for the friday show. >> i don't know about giant. >> well, i'm a caterpillar. you can mind your own business, weer weird jacket guy. looks like he's about to pick up a rental car for me. >> i'll get that. is there anything else you need? >> you know what you can do with your seafoam sweater there. >> buck, always a pleasure having you and your air together. what the hell is going on? you're a security expert. i think the secret service may be getting a bad rap on this. is there some kind i have friction between the staffers that work for obama and secret service and that's why they're kind you have maybe they're passive aggressive about their job? >> >> i don't know what has the people more paranoid at this point, ebola outbreak in this country or the secret service failures. this is a guy who seems like he just wanted to get close enough to the president to get an autograph. given how the presidency is going, they should take them

caterpillar is the worst performer, falls about 3% at the moment.ave every single dow component moving lower. i want to mention the russell 2000. nicole is saying do you come in and buy at this point in the russell down 2 1/2 percentage points. dow jones industrials down 330 points, i don't want to be accused of getting breathless. you have critics saying liz claman is breathless. i can breathe just fine. close to the lows of the session down 345 point. at this moment with nine minutes to go, dig deeply into the sell-off. dan may be breathless, he's running around the pits and fox business's charles payne. gentlemen is the sell-off overwrought and concern or a healthy correction, as john corpino said from the floor of the new york stock exchange. dan, go ahead? >> you know, i think this is technical in nature more than anything. it will go farther? quite possibly could, fundamentally i'm looking at things much differently. liz: like what? >> earnings is an example. alcoa reported yesterday, reported a revenue beat in earnings and beat in guidance. a

>> one, first of all, caterpillar for me is a buy. i like it here. it's done well for q3, handily beat the estimates. it raised guidance for the year, so i think it does reassure us for the u.s. economy, but it's in this unique position of being ability to benefit off of a lot of new oil supply construction, as well as benefit from the lower costs of oil. so it really does have a unique take on it for within the oil perspective. but with respect to foreign revenue, so it has been hit with foreign revenues more because of a decrease in mining, and it's actually been this huge, you know, all these new oil supplies, new construction has been offsetting it for that growth. it's well positioned for taking advantage of this u.s. oil growth, and offsetting overall the global slowdown, and if as the global economy recovers eventually we hope in a great position to recover to grow with that as well. >> jonathan, erin tells a good and compelling story. do the charts match up? >> we're a little more cautious here. for long-term investors, we would be holders he

caterpillar the worst performer of the dow down 2.5%.an't think of a stock more representative of the problems that we are talking about, currency translation, weakness around the world. this is an export-heavy company. does this sig niify our woes? >> absolutely. we need to look at from a global perspective what we have been watching is the unwind of the central banks manipulation of the global markets through their currencies. the dollar was a great benefactor for several weeks running as fast as it could to the upside while the rest of the world struggled with what they do with their growth. you had mr. dragi uncovered as emperor of no close. as the currency start you are starting to see unwind now temporarily is the back fill of that indecision on the european union. you have the negative numbers out of germany which added fuel to that fire. we continue to test some of the technical levels, about to go to the 1929 test on the s&p. for the big picture i still think the united states is the best dirty shirt in the hamper and will be a

, when caterpillar reported you got a major upside earnings surprise.rs were all over me to say negative things. hey, jim, you don't know what you're talking about emails, oh, i treasure them. anyway, here's what i have to say that's negative. bears, pound sand. can you imagine what number it can print when things are good? no wonder they keep buying back stock. it's cheap. celgene had had the flagship anti-blood cancer drug up 19%. and it was a breathtaking quarter with fabulous commentary about the success of some of the company's new cancer drugs that i didn't even know about right on top of some encouraging news about the breakthrough crohn's disease. rallying $5.64 as it plowed through $100 a share. it also cost the rest of the biotechs to roar especially regeneron which hit a new all-time high. diamond offshore, symbol d.o., and i don't talk about it much. this cohort of offshore drilling companies has been in its own personal horrendous bear market. for one of the weakest players delivering an upside surprise that aloud the heavily shorted group

plus big rally today on positive news from caterpillar. recov we're covering all this throughout the hour. but let's start with amazon's big miss. guy. >> going to trade, if and when it gets there, that's the time to buy. i think this is your opportunity. this level would be faced with a bit of a double bottom. it obviously has to hold here. the quarter was an absolute disaster. i think timmy was expecting that. i think doc talked about it as well. margins were awful. everything bad, bad, bad. but is it like the netflix quarter last week when they obliterated the stock in the market. that stock has since rallied about 18% to 20%. if it holds right here, which i think it absolutely should, you can see an easy bounce to me back up to that 310 level. >> maybe kudos to guy adami. a stock without a lot of catalysts, and clearly, what they announced today, operating margins are under pressure. they're growing almost 20% a year. the pattern has been to beat slowly to guide down lower to the next quarter. and a lot of people are expecting the four

caterpillar brought a plant and they came to the state of georgia and they are creating hundreds of jobsn some that has been our focus. with a eliminated the marriage tax on couples. -- we have to eliminated the marriage tax on couples. .e have focus on job creation we eliminated the sales tax on energy so manufacturers could grow and we have seen that the growth from the caterpillar plant to baxter making a $1 billion investment capital to do it would be the largest single investment in this state's history since kia came. we are making substantial strides. job creation is what is important for those in college. >> that question was directly specifically to you so will pick up with our panel. like i not want to seem am beaming up mr. deal. i would like to hit the other candidates on this. for the first time and state history, voters cast ballots on a sunday. many will do so next sunday. mr. deal, you said you will be open to legislation that would close down sunday voting. >> i think the voting policies of our state should be uniform. i think that is what the generals assembly will look

here, massive slate of earnings is on tap next week, third quarter results coming from mcdonald's, caterpillar the big guy the talking apple. analysts are looking for good fuse the consensus for quarterly earnings, a $41 per share him ahead of monday's report, often traders were getting in on apple, with two calls trading for every puchlt is it time to buy? >> in context of the conversation we have, apple's results will be important as it relates to sentiment. obviously, the sentiment is very positive. we know that the iphone 6 and 6 plus sales are going well. they took maybe 20 orders in cone testimony ipad stuff is a problem. listen, that was an uninspiring presentation yesterday on a product that is about to go exgrowth when you think about it. so to me, i think a lot of news in apple, the stock is deemed to be defensive. they have about a third of their market cap in cash. we know that things are just fine they have a 2% dividend yield here. to me the core is going to be inline, the guns should be strong. if the guidance is not strong, it could get sold fear goggle. this is a defensive sor

caterpillar had a difficult day today. they said the dealer sales fell 10% for the three months ending in september. sales in the mining equipment division hit the hardest, the stock off a percentage point to 94.57. >>> after the bell, visa hiked the quarterly dividend, the company upping the payout by 24% to 28 cents a share paid to shareholders in december. shares spiked initially after that news during the regular trading day the stock was down a percentage point. >>> and fedex anticipates a record-breaking holiday shipping season. the delivery giant says it will ship nearly 300 million packages between black friday and christmas eve. fedex taking month december the 15th, to be the busiest day of the year with more than 22 million packages going out. >>> and as we head into the holiday shopping season some big banks and credit card issuers are sending customers new cards, containing cutting edge technology designed to tighten security and cut down on fraud. kayla tausche has more. >>> for many of americans, a thick enve

overnight in new york, investors were buying on better than expected reports like caterpillar, then they heard reports that a health care worker in new york is being tested for ebola and they pulled stocks back. for how investors here are acting, ramean has more. what are you seeinging over there? >> thank you very much. going by the figures you just showed for the u.s., we did see quite a bit of a rebound there and we're follows suit here in tokyo as well. that's following the trend from wall street. let's have a look at the nikkei and topics. 15,370 up 1.5% and the broader topix trading hire as well. now, on thursday, however, the nikkei did come in for a a little bit of profit taking, however, the overnight jump in the dollar may be that tonic that investors need to encourage further buying of major exporters. i'll keep track of those. an analyst i spoke to says further encouragement may come from the series of broadly positive pmi manufacturing data, which came out of the euro zone. also, germany's rose, and on thursday, china's pmi manufacturing data rose. so, some encouragement the

caterpillar beat expectations as about 3m, gm and ford. apple yaw he and yelp all beat expectations while ibm and amazon fell short big time. new home sales rose in september to a seasonally adjusted rate of $467,000, that is above economist estimates, and the highest annual pace since july of 2008 standpoint. >>> you'll be able to contribute more to your 401(k) next year. the irs is expanding the limit to $18,000 a year. if you're over 50, the additional catch-up contribution will be increased to $6,000 from $5,500. >>> stocks have moved from a state affair to a state of euphor euphoria. is it deserved and what does it mean for your money? joining us is rebecca passer source and bessemer, and joe lavorgna. thank you both for being here. what happened over the last week? 4 rebecca, none of them seem to have gone away, yet our perception seems to have changed. >> i think we've gotten better valuations. things get cheaper, but probably even more importantly we've gotten quite a few data points both on earnings and economic data to just reinf

we get data from unemployment and earnings from caterpillar, comcast, 3m and microsoft and amazon. and reportedly investigating whether japanese automaker takata misled automakers about the number of air bags it sold to automakers. the government has released the number of cars could be 7.8 million. the air bags could rupture and spread metal shrapnel. it's been linked to at least four deaths. back to you. >> we want to remind the viewers that we have the list of the cars involved. kate rodgers, kate, thanks. >>> a rainy start this morning. and a chilly, gusty wind is blowing as well. winds are gusting to near 30 miles an hour. you see the clouds over center city. there is rain getting ready to move back into the city. jillian mele is watching traffic this morning. how's it going out there, jillian? >> you know, depends where you're waking up this morning, bill. this is a live look at lehigh value. route 22 at airport road. the roads for the most part look pretty dry and quiet. unfortunately for the delaware county the roads are wet. coming up i have an update on two accidents i'm

among industrials caterpillar beat expectations as did 3m, gm and ford. apple, yahoo and yelp beat expectations and ibm and amazon fell short big time. new home sales rose slightly. up 0.2% to a seasonally adjusted rate of 460,000 above estimate thiensest pace since july of 2008. you will be able to contribute more to your 401(k) next year. the irs is expanding the limit by $500 to $18,000 a year. if you are over 50 the additional catchup contribution will be $6,000 from 5500. the stocks moved from a state of fear to state of euphoria in one week. many worries seem to have melted away. it is deserved? what does it mean for your money. joining us is rebecca patterson who's chief investment officer ats be mer trust and chief u.s. economist at deutsche bank. thank you for being here today. i want to talk about what happened over the last week. we had all of these worries about ebola, europe and rebecca, none seem ito have gone away an our perception seems to have changed. >> i think we have a better perception of them. and a few data points on earnings and e

we had names like caterpillar. we had names like visa and goldman sachs. much of this is about whether the u.s. in the midst of everything we've been talking about continues to see strong growth? >> i don't think that the job today is just about what happens in europe. there's been slow growth in europe going on. this is just another plea for help. zero interest rate policy, cheap money, bond buying in the u.s., negative interest rates in europe, questions about bond buying, that cannot continue to plug the holes of an overall economy that simply isn't growing. that's what's coming in. most of the s&p 500 are using their profits to buy stocks and pay dividends to their shareholders to keep markets up. >> here's the thing that makes this all so confusing. look at the jobless claims numbers today. incredibly strong. i understand that that has a lot to do with we've already had quite a few layoffs. there isn't a lot of supply to go. in the last year, that's one of the strongest periods we've had since 1999. there is some genuinely strong data. >> it is. you h

boeing, caterpillar, coca-cola and mcdonald's, dow components.tuesday existing home sales numbers. on thursday we get the production manager's index which is a key measure of industrial strength and the ipod turns a lucky 13, and on friday, new home sales are reported. >>> the stock market slide has made investors and consumers pretty jittery but despite all those fears tumbling energy prices and mortgage rates may prove to be a silver lining for many. sharon epperson joins us right now that part of the story. we know the yields on treasuries came down significantly this week. does that actually affect mortgage rates out of the gate? >> it has. we saw the 30-year drop below 40% this week, and so whether or not that is maintained or falls further, we're still seeing a considerable drop in mortgage rates and it translates into real money in your pocket. if you're out there and trying to refinance and you're able to get your rate down from 4.25% to 4%, that's a savings of about $36 a month. if the rates fall to 3.75% you can see a drop of $72 per mo

earnings on tap for next week from mcdonald's, caterpillar and the big guy, we're talking apple. analysts are looking for good news. $1.31 a share, that compares to a year ago. and traders were getting this on apple today with two calls trading for every put. so dan, what do you think? time to buy? >> in the context of the conversation we just had, apple's reaction to the results will be very important as it relates to sentiment toward the market. this is the largest market cap company and sentiment is very positive. there has been a lot of news on the product front. we know iphone 6 and 6 plus sales are going well. they took maybe 20 million reorders in china. the ipad stuff is a problem. that was an uninspiring presentation yesterday on a product that is about to go x growth. so to me, a lot of news that is in apple. i think the stock is deemed to be defensive. they allow a third of their market cap in cash. things are just fine. they have 2% dividend yield. so to me, the quarter will be in line. guidance should be strong. if the guidance is not strong, it could get sold like g

strong economic data on the weekly job list and good figures from the likes of 3m, from the likes of caterpillar. and good numbers after the bell from the likes of microsoft. yes, there is an ebola effect, and the futures are seen lower. the s&p futures down 2.7 of 1%. so yes, there is a little bit of an ebola effect. little bit negative on these markets, but it isn't as exaggerated as it was three, four hours ago. also, look at amazon as well. that's one that will open lower after dreadful numbers after the closing bell yesterday. i do want to bring one more story to you. this is regarding air bags and national recalls from air bags made by a company called takata corporation. so far, there's been 7.8 million recalls across 10 manufacturers. mostly in southern states. now there's two senators, richard blumenthal and ed markey. both democrats. they want a nationwide recall because this thing is not just humid states that could cause these potential big defects. it should be nationwide as well. they're getting on to the regulators about this one as well. but this takata corporation that makes the

. >> still got to get through some automakers and caterpillar and others. >> caterpillar i'm very concerned about. we have some rolling numbers out today for cat. the problem with caterpillar is china. the problem with china is it's terrible. but baltic freight was up big again last night. i'm getting more optimistic about china. >> there's the opening bell. a look at the s&p at the top of your screen. you can see how volume is after 97% positive breadth yesterday. unbelievable. >> yesterday was really kind of an -- it's been all clear now for a couple days. i like the action in the banks too. >> at the big board, ed rendell's fans for the cure, increasing awareness for prostate cancer. dvv technologies, a specialty bio pharmaceutical company celebrating its ipo. >> this is the group. i don't mean to interrupt. i've been watching agios pharmaceuticals. that's got the most amazing story. i talk with meg turrel a lot. that's the one to watch in terms of a new template for cancer. >> and bio gen. >> scripts weren't that great. people were freaking out. >> last night you rolled out a series of

i was very honored to receive a personal endorsement of the ceo of caterpillar early in the selection. he's been an outspoken critic of the business climate in illinois for the hospital to the manufacturing firms with regulations and taxes and as long as that is true we can to grow our economy and solve the problems facing us here in illinois. manufacturing jobs on average of about $64,000 in pay and benefits and create another two and a half jobs on average but manufacturing economy is critical. i will work closely with manufacturing firms to make sure they stay here in peoria and i would make sure that they invest their headquarters by making sure the business economy is strong and thriving and i'm honored to be endorsed by the association and the chamber of commerce. we need to make israel progrowth in order to fund our schools and countries and into the state around. rauner for bruce rauner. they would play a large role implementing to cut carbon emissions. do you believe climate change is happening and is man-made and what is your take on the obama administration plan to cut the

it's a butterfly denying it was ever a caterpillar. can't. >> now in his 30s with twin terms of life without parole, rod ferrell could win the dubious prize of becoming the longest serving convict in u.s. history. >> i have not considered myself to be a vampire for many, many years. i definitely have purged all of that from my system by contemplation. reflection. in my personal opinion, steer away from it or walk past it with caution, great caution. the hype is just that, hype. in real life, you'll find consequences, and the consequences, nine times out of ten, will be your undoing. so before having to suffer them, don't. let it be a fantasy. let it stay a fantasy. >> what about the possibility that everything you've been saying about sacrifice and so on is to show how messed up your mind is and what happened was less heinous and therefore is all fantasy? >> to begin with, nothing that i or anyone else could say in this world could make what i did in 1996 any less heinous, approaches or cruel. it was what it was. that cannot be changed

goldman, caterpillar and looking at the s&p 500 the gap and same-store sales disappointing, and in theown 5.5%. down 12.5%. the third index representing volatility and nervousness going forward. that is jumping and it is up 18%. "varney and company" coming up. new york state is jump-starting business with startup-ny. an unprecedented program that partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov stuart: we don't want to dig into the technicalities of finance but the yield on the kenya treasury 232 briefly earlier today was 229, a historic low. explained this to the audience, when america's ten year treasury called 2.9%. >> what it means is america and/or other investors are happy to buy the u.s. bond and lend their money to the government at 2.3% for

when they replicated the vibrations of a hungry caterpillar it released a toxic oil -- in defense.i do the same. they hope to improve the future of agriculture. that doesn't sound vague at all. should very long tear yens -- should vegetarians feel ashamed of themselves? for organisms to survive over hundreds of thousands of years they need some protective mechanisms in place. it makes sense. >> i think it does. terry, what do you think? >> i think they have shown that plans -- that plants respond to music. >> anyway, but there is -- you know, there is always -- i think everything has consciousness. and it is a sad fact. if you are a living creature in order to keep living something else has to die. >> is that what you say when you go out at night? is that what makes you feel better? >> in order to live something has to die. >> is this where you cry over your salad every day? i'm sorry if i brought it up. >> it is called empathy. i feel bad for my kale, but i will still eat it. it makes me wonder what other things feel. like you were saying, what else has consciousness or whatever.