caterpillar was formed by two families from northern california.ou are looking at an exhibit we have at the caterpillar visitor center. foundersas one of the of caterpillar and was -- called tractory ford of the . he was exposed to the tractor industry because of his father. one of the stories we like to tell is that he was an apprentice for his father and we have some of the things in this case on exhibit that tell that story. one of my favorite things i like to tell people, this is a drill press that was owned by daniel shedand he had a little behind his house where he would come up with ideas and invent things. bistro was used in that -- this drill was used in that shed. the other thing on the bottom is a drawing of a tractor, pre-gasoline. he would go on sales trips with them across the state of california. he started designing his own tractors. of earlya time of machinery and people wanted to capture that. back then, you would buy a postcard and you would give your thoughts on it and drop it in the u.s. mail. some steam tractors worked in the

>> caterpillar? >> caterpillar too expensive. you're not going to get -- right now, you're not going to get in the momentum. the stock is up probably 46% or so this year alone. probably room to the up side. but i will tell you this. closer you get to earnings, the more you've got to take profit. >> how about goldman. >> interesting to cat, those levels up there, right where we are right now on cap, i don't think you need to chase it. >> and i don't think you need to chase gold maman either. and cat, i sold based on infrastructure. i don't -- i was waiting for this thing to mr. a base like rich was talking about. it got a little squishy for me. so i exited the trade. but goldman, those are ones you cannot chase. they're overextended. >>> coming up, donald trump laying out his plan for his first 100 days in office. >>> plus, one of the biggest bears on the street, david stockman, said sell everything right before the election. that hasn't worked out well. >>> and despite record highs, still saying to sell everything. what does he s

like many others here david sanz's crop was afflicted with pests, caterpillars that burrowed their waynto the plants. he welcomed the insect-resistant gm corn. >> we could not risk losing 30% of our harvest to a caterpillar plague. cultivating corn is an expensive business. with genetically modified corn we can ensure that the harvest , will be perfect. >> felix ballarin hasn't planted corn for three years now. the organic farmer has switched to other vegetables. he is unhappy that the authorities permit gm corn. he believes that was the wrong political decision. it is still contested whether gm corn is harmful to our health or not. and there are other ways of dealing with pests. >> all plants can be affected by insect plagues. but nowadays we have several , possibilities for managing the problem. we can minimize the risk. but we cannot control contamination caused by genetic engineering. >> the regional government in saragossa believes that gm is the only real answer to the caterpillar plagues that are particularly severe in spain. they also see it as a way to ramp up production to fi

>> portfolio managers have to sell something to buy a caterpillar.basic beingtechnology out-of-favor. who knows. it is too early to tell. election, is this what we see in these tech stocks bubbly? jim: it depends. we are stock guys. there are certain things we think are overvalued. other things are borderline cheap. the point being that everything is moving together right now thematically. i think over time that is going to dissipate. take a look at net neutrality which the obama administration embraced. he has talked about that not being fair to telecom companies. companies that have benefited from net neutrality have been hit pretty hard. will he enact anything? we don't know. scarlet: what he think what president donald trump will mean for it deals that are pending such as at&t and time warner? if we are right about our populist dairy i think there will be fewer business combinations. they tend not to happen. he has indicated some skepticism on a couple of the deals. >> i want to go back on the populist question. it is undeniable that it is there.

caterpillar. i came up with the idea with my daughter, who waswi ten year old. >> goddard began the woollybear as a parent teacher association fundraiser and competitionasas with a nether weather prognosticator. >> the groundhog is probably the most famous animal to tell us when winter is going to end. according to legend, a thick center stripe warning of a hars winter. caterpillars have been more accurate than computers. >> it almost did not make it past that first parade in 1972. >> the parade was a small that the frontl of the parade meant the back of the parade.he days. >> continue to grow in the timely halla dumbbelling him that after eight years. >> the church in birmingham kicked us out, they said that your interfering with our sunda events. >> 1919 communities wanted it a he settled here. it has been a perfect location with over 1,000 people attending fox 8 friends it is the largest one-day festival in the nation. kids compete in caterpillar races, costumes and fun-run. despite the menager

according to legend,o a wide li means mild weather. >> caterpillars have really one many times versus the computers. >> the forecast is just part of this huge event, which almost didn't make it past that first parade in 1972. >> there were other challenges. we'veve got some brutal, brutal november days.l >> they continue to grow in the town of birmingham. so much so that after eight years -- >> the church in birmingham kicked usus out. he said that you are interferin with their sunday events. >> nineteen communities wanted it and settled here. >> why? because of beautiful for million. >> with more thanea 100,000 people fox 8 friends from the parade i impressive, the largest one day festivales in the nation. >> how old are you? >> five. one euros too late because i wa born in decemberer. kids competed in caterpillar races in costume contest and a fun run, with.ra also bedazzled in brown and orange. and despite the menagerie of out that this never been a problem . welcome except the 1975 controversy, when his daughter, kim, won the wally bear 500. >> they were throwing things at mea, ab

how many people thought, it's my big short, is caterpillar? been a bad short and a lot of people have been piling on it. >> if the ones that went up didn't go up, the market woof gone up. it's counterintuitive, i don't really get that. there's sort of a disconnect between what's happening in the companies and what's happening in the stocks. those are kind of two very different things. it's hard to gauge, you have the reversion to the mean, i think we see that often over time. i can't extrapolate this. i'm not sure what we're supposed to read out of this. is that a danger sign because the ones that are doing well -- okay. so but does that mean revert or does that mean others may rise as well? i don't know. so i don't know how to read that as -- i wouldn't jump in and make that -- all right, that's terrible for the market, five stocks went up. >> right. are any of these stocks buys? >> chevron. >> unitedhealth. >> unitedhealth is interesting. >> anthem has not worked this year. yesterday, but not this year. >> we had a nice pullback in energy st

caterpillar up 6, caterpillar a great american company, the u.s. was weak, china was good. if you do a trade war with china. >> this is day one of four years and to carl's point just think about the tweeting that could go on at 3:00 in the morning from the white house that could immediately get the pajamas traders going on something. >> geez, no sleep for a long time. >> four years. >> four years will be a long time. >> long time to not go to sleep. >> yeah. >> i'm just saying there are people who are using market orders that are buying stocks, or there are short sellers who are saying holy cow, i thought hillary clinton under a hillary clinton regime all the coal plants like they did in china all coal plants cease to exist and norfolk southern is greatest short ever. then new guy comes in and says i favor coal and norfolk southern is greatest long. so everybody was short norfolk southern has to go long it. i mean, you're buying -- all i'm saying is you're buying on top of not necessarily tear fir ma, you agree with me? >> yes, going to be tough to find until we see action.

they compete in caterpillar races, costume contests and fun run, with ted's decked out. dick's proud to point.out that except in 1975 when his daughterpt on the woollybear 500 but they say it is in good fun, a slice of work on a guaranteed to make you smile. i say this your life events you can always get your money backs the countdown to d goddard's final forecast, all month as we celebrate the life prediabetes quickly be reversed if you come back on sugar analyzing 14 years of data on 170000 adults they do not have diabetes when the study started they are reporteded how many th drank and those who drankho the highest amount, about six, 12-ounce servings a week at a 4 prediabetes. having a lazy eye is a leading cause of impairment in children. >> treatment involves the upside to force the lazy ey to work harder this study compares standard tree with the use of ipad game to see whichan they help more as one worker reports. >> lazy eye is one of the most common causes of visual impairment in children affected three-5 percent in the united states.. >> 's reduction of vision

. >>> dow component caterpillar along with other industrial stocks also performed well today on trump'sledge to invest heavily in bridges, roads, tunnels and other infrastructure. >> it's not just a deeply divided populus the new commander in chief will have to repair. infrastructure is on the agenda, as well. in his early morning victory speech, president-elect donald trump vowing to make it a priority. >> we are going to fix our inner cities, and rebuild our highways, bridges, tunnels, airports, schools, hospitals. we're going to rebuild our infrastructure. which will become, by the way, second to none. and we will put millions of our people to work as we rebuild it. >> it's no secret america's infrastructure is crumbling. the american society of civil engineers have estimated the backlog of projects could cost more than $3.5 trillion by 2020. trump's potential plan to dedicate $1 trillion to new projects, partly funded by revenue from a one-time tax holiday brought home from overseas. if passed, it could amount to fiscal stimulus, which could bolster economic growth and the industria

a black market rally, although the dow is the big winner because of high on caterpillar.rban outfitters. wanderlake securities, shares around 34. earnings yesterday we told you about said sluggish sales at anthropology will continue to put a drag on results this holiday quarter. >>> china has prevented access to facebook since 2009, but according to a new report, the tech giant is now working on a censorship tool that could help tap the giant population of china. because of the strict censorship laws in china, the new software would enable a third party to monitor stories that are shared across the facebook network and thereby have control over whether or not the posts will show up in chinese users' feeds. >> facebook says it is making it more connected. mark, i know you're covering this more from the opportunity point of view, and i guess that's the point, right? they desperately want to crack this market and it sounds like they're willing to do whatever it takes. >> well, whatever it takes probably requires this sort of suppression software or a partnership with somebod

freeport mac up 16% and caterpillar up 16%. >> target is still interesting. mel, welcome back. target had a great quarter. i know it's not nearly as interesting as goldman sachs or freeport mac or caterpillar up 50% this year. but target to me seems like they got their -- they got their feet back underneath them and it manifested itself in the last quarter. the technology is much better. i think they've separated themselves some walmart. out of those four names, that's probably the name with the most up side right now. >> anybody like target as well? >> i like target store. i think short-term target is a name to own. long-term investors can look at this tape and say, look, if everything pans out accordingly, to the plan, people are going to do fine. the market will continue -- >> according to the planning of the trump plan? >> we're trading on combinatiexs right now. banks trading on expectations of dodd/frank reform. biotech names trading on expectations of better pricing. move down the list. expectations have pushed stocks, in my opinion, in the near-term, to levels that i do

, that is why goldman is in there, infrastructure spending caterpillar should benefit, and sector in particular that have soared, performing outstanding. industrials, shares of alaska air, alliance data, and boeing. increase travel with a better shaping up economy. consumer stocks, a lot of discretionary names, a lot of traditional brick and mortars had earnings that beat the streets, bucking the trend, office office, and chico -- was depot and stables up. liz: we have former senator scott brown, you could possibly be president-elect's choice to head department of veterans affairs, you met with mr. trump yesterday, good to have you on. senator, it looks like mr. trump is the social media president. a new era going around the media. do you think he could do it? do you think he could pull off the executive actions without congress stepping in afterwards? >> i would be shocked with a republican administration, a lot of what this president, unlike president obama he used his pen and phone to circumvent the constitution and congress. the president does have it within his authority to do a

stuart: caterpillar up 6%, that's a new high for caterpillar, there you go.to deal with this, too. the yield on the 10-year treasury while we look at volatility on stocks. 1.95%, does that mean a rate hike, an interest rate move up is baked into the cake for december of this year? >> i think that's showing, he's a growth president. i think that's what it's showing in the 195. remember, we began at year around 220. whether i agree with it or not, you can see the rise 220, 215 by the end of the year, that's where we started the year, but i don't think you'll see one in december now. we're going to build in or bake in some growth, but not a rate hike. stuart: what's going on on the screen right now? okay. time warner is down about 2%. there are fears that maybe president-elect donald trump will block the deal with at&t. >> he did speak out against it. stuart: he's now president-elect and you're seeing the reaction on the stock market. time warner down almost 2 points there. down 2%. please, can we put that big board back up-- not the big board, i want to see tho

potato head, a hungry caterpillar that's a favorite of my daughter bringing up the rear. at this point they are inflating another one i'm not sure who that is. i don't know if that's from yo gabba gabba. there will 18 marching bands and singing and dancing. the focus is getting the balloons inflated and weighing them down so they are ready to go down the parade route. most of the people you're looking at right now are volunteers. some this is their first time, they want the to be a part of this. for others, they have done this year after year it's a tradition they have come to love. >> our parents brought us down and stood along the parkway and good memories so giving back. >> what's it like to be in the parade you used to watch? >> awesome. every time you stop the crowd yes, sir spin it. and you spin the balloon. >> reporter: what's the energy like? awesome. >> reporter: a lot of attention is on the balloons, the balloon handlers are ready to perform for the people along the parade route. it's november, it's a little bit chilly, but not too bad, having a lot of fun at in

now, valet, think about caterpillar, bhp, caterpillar broke out big yesterday.hat i'm seeing, carl, is a pile-on on what was considered to be the worst stocks in the world if hillary clinton were elected president. so you've got this really unbelievable base of shorts. and it turns out there's no stock, no supply. i want to go back to trading desk for a second. i happened to love trading caterpill caterpillar, this is a long, long time ago. but you would say, listen, that you wanted 200,000 caterpillar, 3 bid for 200,000 there's no sellers here. there have been sellers in the 70s. goldman sachs put a short on it -- actually a sell on it in the 60s. there's no sellers. >> right. so you're saying it's the inverse of what those shorts had been thinking if clinton had been elected. >> exactly. >> on repatriation, tax reform, infrastructure -- >> they both wanted but there was no supply. now, we had lundgren this morning talking on squawk and some background work i've done on macy's. they generally believe the consumer is going to come out of wherever the consumer wa

this time of year you will have caterpillars but you will see their egg masses. ray: scrape them, do not use of the torch. -- use a blowtorch. [laughter] ray: this is one of the more unsightly things. rachel: this is another defoliant or, usually earlier on in the season. form webs in the crops and trees. they have a white line down there back and blue and white stripes down either side. the webs are their primary focus. ray: take a room or something like that? rachel: broom handle, but it in the nest itself. also come this time of year you population this year in the white mountains. devastated about 9000 acres of trees. it is a distinction creature down its back it has people shapes or footprints, black stripes down the sides. they do not form webs. they come -- they go to the map. they come -- they go to the map. finally, the fall web form. these are on the tips of the branches. it does not do a lot of damage to the tree. it is aesthetically displeasing. ray: how do we get rid of that? rachel: prune it out or leave it alone. ray: have these bugs done damage al

whether in caterpillar, which was up around 7% or u.s. steel up double digit or investment banks that were moving aggressively to the opposite the real peach came from health care stocks, not only are there concerns about the repeal of obamacare, actually what they haven't gotten out is concerns of the draconian harrisburg willing presidency would slap heavy regulations on the health care stocks. so we could see big gains, pfizer was up, mylan as well and amgen up 5% as well t. calls for the u.s. marks are for further points higher. >> i love that. >> we can get a little sense of it. thank you. well, just ahead, will president-elecmp become a role l for our nation's children? ok! impaciente! manolo! you're so cold, come in! what's wrong? take off your hat! no hey...it's, it's dry... your scalp? mine gets dry in the winter too. try head and shoulders' dry scalp care and keeps you up to 100% flake free now we can cuddle the whole winter! head and shoulders' dry scalp care just like mom, hey guys, i'm home! of course no one said it had to be

which give mustard its flavor were evolved by the cabbage family as a chemical defense against caterpillars? yeah. well, that was fun. good for you, leonard. hey, there. hey, you're early. the movie doesn't start for an hour. actually, we're not going to the movies. we are here to kidnap you. what are you talking about? well, you eloped and we didn't get a chance to throw you a bachelor party, so there's a van downstairs and we're here to take you to a surprise location for the weekend. well, i'd hardly call this kidnapping. where's the blindfold? where's the duct tape? where's the part where you call me and demand ransom and i try to keep you on the phone, but you hang up seconds before i can trace it and then i say, "i'm getting too old for this crud"?

>> well, clearly we have seen a rally going on in course talks like caterpillar. ironically, smith and westin have gone down after trump came into office, but we still need technology if our every day lives. our mobile phones, big communication, big data analytics, that is all important of technology and part of our lifestyles we go to today. >> so including the political environment and putting it to one side for a second, there are those who say the run-up smells too much like 2000 and we need to see some type of an eveninging out in this run-up to technology. >> well, having lived through 2000 i would tell you -- >> i did, too. >> i would say the market is quite different between then and now. today evaluations are certainly higher in certain sectors, but we are seeing pull-back in other areas to make it attractive. we are still seeing good signs of adventure capital. so far we expect adventure capital in 2016 to be about $50 billion, albeit down from $75,000 la$75 billion last year. >> you say technology, life sciences, clean and renewable technology, again an

we had so many experts telling us how bad a trump market took the half glass full approach, caterpillar, which was up around about seven, u.s. steals was up double digits. look the real peace came from fought only the repeal of obamacare, actually, what they haven't gotten now is concerns the draconian hillary clinton presidency would slap heavy regulations on the health care stocks, so we could see big games. for instance, pfizer was up 7%. mylan was up and amgen. they are for gains at .3w5ir7b9d campbell's one dish recipes, designed around one pan and your schedule. made for real, real life. jack be nimble, jack be quick, jack knocked over a candlestick onto the shag carpeting... ...and his pants ignited into flames, causing him to stop, drop and roll. luckily jack recently had geico help him with renters insurance. because all his belongings went up in flames. jack got full replacement visit geico.com fast forwarding today the national toy hall of fame reveal bares, rock 'em sock 'em robots and uno? >> a big day. all right, in addition to hosting donald trump at the white house, pres

potato head, the caterpillar, olivia. >> reporter: any that are especially popular year to year. >> cat in the hat, the grinch, mr. potato head. >>> back here live, taking a look at inflation station, 20th is lined with sand bags, you have a half dozen balloons up right now. there's a little bit more to go, the parade steps off from 20th and jfk at 8:10 a.m. katherine scott channel 6 "action news." >> if you're going to the parade bring a canned good to donate to the holiday food drive, the boy scouts will collect them as they role the giant wagon down the parade route, you might see can man. all the decay dough nations stay in the region to help the less fortunate in the tri-state area. if you're watching the parade at home tune in for the live coverage at 8:30. >> president-elect donald trump released a video. >> it is my prayer on this thanksgiving we he'll our division and move forward as one country strengthed by shared purpose and very, very common resolve. >> trump is spending private thanksgiving with his family in palm beach florida. trump has named two women former governor ni

we had so many experts telling us how bad a trump market took the half glass full approach, caterpillar, which was up around about seven, u.s. steals was up double digits. look the real peace came from health care stocks, because fought only the repeal of obamacare, actually, what they haven't gotten now is concerns the draconian hillary clinton presidency would slap heavy regulations on the health care stocks, so we could see big games. for instance, pfizer was up 7%. annual points higher. back to you, guys. >> i'd love that. >> we'll give a little sense of it. just ahead, will president-elect donald trump become a role model for our nation's children? odel for our nation's children? ok! impaciente! manolo! you're so cold, come in! what's wrong? take off your hat! no hey...it's, it's dry... your scalp? mine gets dry in the winter too. it nourishes the scalp 3 surface layers deep to help... ...prevent dryness and keeps you up to 100% flake free now we can cuddle the whole winter! you have dinner on the table at 6:00 every night. hey guys, i'm home! of course no one said it had to be coo

scarlet: he has been bearish on caterpillar for a while now. take off in the next couple of years -- even though we would still be looking , youhese shovel ready jobs have to wonder to what extent caterpillar -- whether people are pricing into much right now in anticipation of something that we still don't know how it will look. julie: a couple of days ago on the 14th the stock was at its highest in two years. it definitely got a big lift in particular from all of this infrastructure. joe: i'm sorry, i have something going on in my throat. so much interest in infrastructure and stimulus. joe: i'm sorry, i have something going on in myscarlet: get some. joe: thank you. what is interesting is his take on china. back in 2010 he questioned his transparency of the growth numbers. china is not really driving the emerging markets. talked to dan davis and berkeley yesterday on the show and he said people are underestimating the degree to driving some of the movement in the hard commodities and stuff. the story lines that has arisen postelection has bee

[laughter] >> the eastern tent caterpillar, another defoliaters. they've got a white line down the back and blue and white stripes down either side. their webs are their primary focus. >> in terms of getting rid of the something like that. >> take a bloom handle. stick it into the nest itself and twirl it around and this time of year, you can look for the egg masses. >> the next one is the forest tent caterpillar, we had an explosion of population in the white mountains. it devastated about 9,000 acres of trees and it's a its back it's got keyhole shapes or footprints, white and they do not form webs, they form a mat. so, and they come out, they go to that mat in order to moult. and what we're seeing now on the tips of the branches and move into the trunk and go out there, doesn't do a lot of damage to the tree, but it's aesthetically displeasing. >> how do we get >> you can prune out or leave it alone and it will die out. >> have most of the bugs done their damage already to the trees and what have you? >> they've defoliated, but trees are resilie

for example, look at caterpillar's move over -- well, over the course of the year, look at it since the election. the stock is up 40% year over year, made a 52-week high today. they beat on eps okay. missed badly on revenue. guided lower for the rest of next year, i believe. the stock is trading close to 30 times forward earnings. to buy caterpillar, you've got to believe every hole dug in the world over the next five years is going to have a cat tractor on the back of it. >> let me just go back to you because you bought the day karen was selling some uri, united rental it's still go up -- >> by the way, her sale was a great sale. it's right around the level where she sold it. >> not every single hole will be filled with a piece of equipment rented at uri. >> sure. when this positioning trade starts to really become long in the tooth, when uri starts to fade and starts to have lower closes, that's when i know it's out of momentum. then you would rotate back into -- i owned eem as well. i probably load up more on eem when i sell my uri. only because then it becomes to me that that infras

people were perplexed about the ruls from illinois tool works and caterpillar so they told those stocks down when they reported. but ever since the election, there have been bidders underneath. you can see the positive action pretty much every day. what looked like obvious instances to cut and run turned out to be classic buying opportunities because of the trump rally. remember, this market regards trump as builder in chief even if he had to take down his buildings from myriad buildings because of conflict of interest. i can't believe how much caterpillar must be killing the short sellers here, especially when the strong dollar, right? that was before trump's election. now post trump, cat's widely held as the stock to own. why? because maybe trump will make the federal highway administration use only american equipment if it's going to get the money it needs after trump issues the $500 billion, 30-year make american highways great bonds. it could easily happen. by the way, it's my plan. i'd like to get some credit for it. let me give you one more example to round things out. yesterday,

caterpillar, is a big earth mover among the leaders of the dow 30 on hopes that a president trump will follow through on the promise to improve american infrastructure, bridges, tunnels, roadways. caterpillar would be a beneficiary, and traders think that's one way that president trump could he enomy, but what do the billionaire investors think? billionaire investor jeff green whether all the optimism that the american economy is about to blossom under a trump administration is for real? live from the floor of the new york stock exchange on extraordinary trading day. glad you are with us. we're coming right back. i have asthma... ...one of many pieces in my life. so when my asthma symptoms kept coming back on my long-term control medicine. i talked to my doctor and found a missing piece in my asthma treatment with breo. once-daily breo prevents asthma symptoms. breo is for adults with asthma not well controlled on a long-term asthma control medicine, like an inhaled corticosteroid. breo won't replace a rescue inhaler for sudden breathing problems. breo opens up airways to help improve

caterpillar is up. if you're going to build infrastructure, you generally are going to buy caterpillar machines to do it. >> the health care industry. >> health care industry. >> if we see obamacare repealed and the power goes into the hands of the insurers, they have had their hands cuffed. >> depends where you are. there are companies like insurers who will gain, there are other companies who have benefitted from obamacare because of the amount of increased spending that has gone to health care. so that's where we are. right now we are in that process where analysts, there are a whole bunch of traders, volume is very high here. there are a whole bunch of traders who went to work early. one stopped by here and was on my show at 5:00 in the morning because he was getting in to work by 6. they are thinking this through and trying to make decisions wisely. if you own stocks in your 401k, i would not lock in the loss by selling today because you're not smarter or faster than professional traders. >> the ot

let's talk about caterpillar. they say a company like caterpillar that's geared to basic industrial activity, and instead of thinking it will earn $3.30 next year, roughly the same as this year, they think it might actually earn $6. they think it could be up 100%. i'm not kidding. that's what's behind cat's magnificent move. or they may hate wells fargo, whatever the heck happened to its culture, but they see much bigger earnings for 2017 than even imagined a few weeks ago. remember, it's not the beat. it's the magnitude of the beat. these companies could if things go right could show sales accelerati acceleratio acceleration. so fang and other high-growth stocks get social media to raise money to purchase the likes of cat and wells fargo because they'll have the highest estimate revisions, and it's revisions that we care about. that's what drives stocks. that's the cause of this rotation. will it come true? only time is actually going to tell. but the bet's been made, and it will continue to be made as long as it

people were perplexed about the recent results from illinois toolworks and cummins and caterpillar, so they sold those stocks down when they reported. but ever since the election, they end up being frustrated and lifting offers. you can see the positive action pretty much every day. what looked like obvious instances to cut and run turned out to be classic buying opportunities because of the trump rally. remember, this market regards trump as builder in chief even if today he had to take his name down from a myriad of buildings because of the obvious conflicts that come with being president. i call that a high-quality problem. by the way, i can't believe how much caterpillar must be killing the short sellers here, who senses that nothing was going to get better for this machinery strong dollar, right? giving its foreign competitors like komatsu a real edge. but that was before trump's election. now post-trump, cat's widely held as the stock to own. why? because maybe trump will make the federal highway administration use only american equipment if it's going to get the money it needs a

. >> kata - - caterpillar saw a a jump ..? burn,mach,ea? tburn,omach,ea!? smol! ah. i'm no marketing guru... but this guy is. he's from madison avenue. he likes to say things like... raised without antibiotics. that's a phrase he invented to make chicken sound safer. and it doesn't mean much because, by federal law, all chickens must be clear of antibiotics before they leave the farm. i've got more. "mom approved?" "caffeine free?" we think mr. marketing guru would fit in better at a different chicken company. ooh, i got it. "gluten free." all chicken is gluten free. >>> we told you last week about fake news on facebook and tonight's tonight the guy behind it is taking credit for trump's victory. for several years he has made a living off of viral news hoaxes and is now he says his site targeted trump supporters all the time and he said his followers believe anything and he claims he put trump in the white house. and facebook and google are these outlets. >>> and a shift made it easier to access and afford marijuana. john erickson has the story. >> reporter: had it p

toy robots, kid-friendly drones and caterpillars are popular this year. many of these product rs wi-fi enabled. >> so, in an opportunity to take something and go into your ipad or android and really program something for it to move. it's really cool. you have to be learn toting, kind of understand how things work, so to see an item that you created through technology, through the robotics, it allows the child to kind of really feel like they created something on their own. >> it's not the only way technology is transforming holiday shopping. the manager of this toys are store in redwood city, california, says online retail giants like amazon ebay have stlung black friday lines. >> they go online and compare and review. >> shoppers plan to spend more than half or 51% of their holiday shopping budget online. >> this is the first time we've seen online actually out pace in store from a sales perspective over the day period. >> tail but retailers are fighting back. highlighting their option to buy online and p pick up in stores. at toys "r" us, they're emphas

. >> infrastructure names, caterpillar, uri, just to name a couple. you stick with this pop or fade it? >> i tell you what. certainly i think caterpillar could be defended here. high short interest. i would go with refiners. the epa may be in trouble. the biofuel credits being attached to refiners, a huge cost. they may be coming off entirely. i think those where you can really point to a secular fundamental change. >> another sector within a sector, within health care. and that would be the so-called obamacare stocks. are we to believe that aca will be repealed, and if so, that could have an outside impact on hospitals, as well as medicaid providers? >> go to him. i don't know. >> these were down double digits. >> i don't want to get in front of those, because i happen to agree. and i think that that's going to be repealed. so because of that, i don't think you want to get in front of that. i do think that we had a great move out of biotechs, a great move out of big phrma. i think this move is a little bit exaggerated now. so i'm -- i took off some t

caterpillar they were hold ago this within do you so we have to let them get back. take a lot a the parade route, 20th and jfk where the parade starts, east until 16th street, turn north on the ben franklin parkway and then end up at art museum and eakins oval. parade starts at 8:30 and runs until tune. you can't have a bad spot. get out here and check it out, hopefully weather holds up, rahel and joe, back inside to you. >> we also stand corrected that was olivia not the just piglet. >> thanks, jen. >> reporter: yeah, who knew. >>> in other news police responded to the scene of the triple shooting just after midnight in juniata park. this shooting happened in the 4,000 block of hamilton street, three victims were taken to the hospital, all now listed in stable condition. police have in other information on this shooting at this time. >>> a 21 year-old man is in the hospital after being shot three times in north philadelphia police say four shots were fired, in the 500 block of west diamond street, just before 11:00 last night. three of the four shots hit the victim

tonight on "chronicle," from fuzzy caterpillars to plumper pinecones. >> the joke i like to make in class when we are talking about acorns -- it is all just nuts. sean: what kind of winter we will have? >> where you are doing is not predicting the weather, it is being aware of what is happening without you. >> you are saying i have to rely on the weather guys more than trees to get my predictions? sean: taking aim at history. >> these are all functioning rifles. all handmade right down to the bolts and the wood screws. i make them.

david, there's no supply at caterpillar at 93.the '60s when goldman told you to sell it, there was supply all over the place. it looks like caterpillar bought it. boeing has been buying back stock consistently, right? there's like no supply up here. it will come out eventually because they'll say, wait a second, i bought it at 120, now it's at 147. but there's not enough supply of the old line industrials and all the old line you want in tech. >> amazon down another 1% today. google also -- or alphabet down a bit. that has been blowing up a lot of hedge funds by the way over the last few days. >> what, fang? >> yeah, the performance numbers i'm hearing from a number of them are not good. >> did they raise fees when they do that? because the carried interest might go away so they need to make money. >> why not? absolutely. >> boy, if you're a hedge fund manager, i don't know, you probably have to sell. >> although the overall tax rate is going to come down so far it will eliminate -- >> the buyer, the other guy who outperforms will

people playing it with the short squeezes involving these drive freight, play it with caterpillar.t want to hear that. that's been the hedge fund short of a lifetime. it's not working. >> right. you know, it's interesting in light of the president-elect's desire of course to make u.s. goods more desirable, make them more here and sell them around the world. the u.s. dollar is going to make that more difficult. it has been very strong, i note it has just hit a low, the euro, hit a low of 1.05. >> and that's komatsu when the dollar was weak really gave up here. when the dollar is strong, komatsu comes in strong because they are a competitor. that's when you might think a president trump federal highway administration you can't buy komatsu. that's what i'm talking about in terms of a change in this country. >> right. there it is the opening bell this morning. [ bell ringing ] you can see realtime exchange, ethan allen highlighting new product line with disney. over at the nasdaq advisory company helping to improve health care organizations and educational institutions. >> disney, one