of the caterpillars now.pring, we are finally seeing some of the caterpillars that have turned into butterflies. >> reporter: on a sunny day you could see lots of them. >> you can see there is a flower right there.>> reporter: the rare butterfly only eats one kind of plant, the california pipeline. >> this is the flower. the plant is not easy to find but does grow at the san francisco botanical garden so tim took plant clippings home a few years ago and successfully populated thousand of the swallowtails in his own backyard. we have created a sanctuary where they are common here in the garden. >> reporter: visitors say there is not anything comment about the site. california pipeline swallowtails are thriving. you might get a glimpse of a caterpillar or chrysalis. >> you feel like immersed in their world. you feel like you are a part of it. >> reporter: in san francisco, sharon chen, kpix 5. >>> if you would like to plant a california pipevine at home, the botanical garden will sell you to it -- will sell it

we'll have to watch that as caterpillar bet on mining. stanley, thank you. >> thank you. >> thank you. >> appreciate it. >>> we have 23 minutes left to go before the bell. green across the screen as you can see, but very much led by tech, the nasdaq, apple, top of the dow at this moment, of course, ahead of their numbers. other tech names to come as well like facebook. meanti meantime, president trump stating today it's time to break up the big banks. the ceo of community bank association was at the white house meeting where president trump said this, and he'll be joining us live coming up. >>> and tribune's television statements are up for grabs. launching a potential bidding war here between giant media players, what it means for investors, for viewers, and possibly president trump. coming up. coming up. >>> nasdaq led markets higher 1%, nasdaq 100 as you can see. at the top is ctrip and lamb research, but names we know better like amazon, tesla, wnyy, netflix, and applied materials close behind losers like mondelez and -- >> mondelez w

brian: what is the story about the caterpillar corporation?: caterpillar is a very good corporation based illinois. how american can you get? they make these earthmoving machines used around the world. caterpillar machines last 50 years. and people buy them and use them every day. the problem is, the crankshaft breaks or the plow breaks or something, and because people want to keep using this, caterpillar guarantees they will replace any part anywhere in the world within 24 hours. it is a great part of their business, and very profitable part of their business. the spare parts for caterpillar are designed in the united states. and then they ship them and make a big profit on this and they hired price waterhouse cooper to help them cut their taxes. and price waterhouse said, why don't you move the spare parts business to switzerland? very low tax country. and they did not move any warehouses. they did not move many people, they didn't move any parts. they just move the titular head of the business to switzerland, saved them billions of dollars

the spare parts for caterpillar are designed in the united states. and then they ship them and make a big profit on this and they cooperrice waterhouse and they said, why don't you move the spare parts business to switzerland? very low tax country. they did not move any warehouses. they did not move any parts. they just move the titular head of the business to switzerland, saved them billions of dollars in tax. this is what companies do at a high rate. host: did they still make the spare parts in peoria? guest: they designed the parts in america. the sales were basically made in america, but they were assigned to the swiss company and therefore, the profit was paid in switzerland, 6% instead of the 35% in america. host: why would the congress allow that? [laughter] guest: congress allows that because corporate lobbyists have power, and they have written the code. what we should have done i think, is take away all the gimmicks and ability to do that kind of thing, and lowered the rate, and you can bring in the same amount of money. because the rate is

donald trump is like a caterpillar who went into a cocoon, stay in a hundred days and emerged as a caterpillar. and everyone was like you were supposed to change. and he's like no, i just was in the cocoon for three months and now i'm back. in fact the best proof that president trump hasn't changed a bit in a hundred days is this, if you look behind him during that rally, you could see one of his fans doing trump karaoke all night. >> here are just some of our greatest from the first 100 days. >> we will repeal and replace obamacare. >> if you fail our veterans, you will be held accountable. >> radical islamic terrorists. >> drain the swamp. make america great again. that snake gave her a vicious bite! >> she stroked his pretty skin again, and kissed him. (laughter). >> thompson: we'll. >> thompson: we'll. >> we'll be hi guys. it's great to be here. in the desert. >> thompson: we'll. >> we'll be at the mall. on the mountain. at school. at the beach. in the big easy. yeah. yeah. today i want to show you guys the next-gen chevy equinox. what do you think? that's pretty. pretty sexy. it's all-whe

were never offered direct positions in caterpillar but were contracted employees.hen people are contract, they have very low benefits. almost no paid vacation whatsoever. stable in person feel a job like that and want to be able to spend their money to help improve the economy buying different goods out there? hasher example is what happened in the job market in ohio. ever since the downturn in 2008. i used to be a quality engineer for lordstown metal fab. 2000 i was working as a contract employee. making $35 an hour. at that facility. about three years ago they posted the exact same position that i had at that facility. i called them about it because i was a little tired of having to be able to state to have decent pay and be able to support my family. you know that exact same job that i had in 2000 was paying $24 in our. $24 an hour. a lot of the companies are taking advantage of the downturn and not wanting to pay with these jobs actually require. host: with go to scott in florida. -- let's go to scott in florida. give us a sense of what life is like that. -- th

you wonder if caterpillar was owned -- >> look at the big insurance names. cigna, anthem, all of them, united health, all of them making 52-week highs. almost regardless of the outcome of the vote. i don't think enough people are talking about that because these are giant stocks. >> you start looking at some of the pharma names on top of that and some of the biotech names, yes, they have been slammed but they have been starting to make a little headway. >> it was a sector that was flat completely last year. if you were in health care, you got killed as an active manager, so they're actually getting -- >> and by the way, to josh's point, that health care vote, very big one in the house, is expected to happen today. it could happen really at any given time. the republicans can only lose 21 votes. one member of the republican out because of a family emergency, so they need 216 votes. the vote will probably happen during "power lunch," it could happen during "closing bell." >>> apple is about to spend another $135 billion buying back stock. is that really the be

. >> a warning now about tiny caterpillars.t these are being blamed for a rise in rashes. caused from the tiny hairs on the did a caterpillars that contain histamines. already seen number every cases and they want people to be aware. >> the last two weeks, the caterpillars started to get large ertz, starting to see people get intensive i rashes it, starts with a itch, gets red, swells up, then takes several days to get better. and that typically is the worse reaction. >> doctors say the problem will be around for the next few weeks, as the little inch six continue to hatch. >> and take a look at this, incredible cell phone video from family trapped in a flashflood in branson, missouri over the weekends. severe storms tore through the area being ripping down trees, knocking out power, even flooding roads, all over missouri and tennessee. the family not hurt, they did eventually all make it out of their car. we send over to matt peterson. we dealt with quite a bit of rain. saturday beautiful, but have been dealing with quite a bi

. >> caterpillar, john deere. did they roll over hard? >> can i interject on that? >> hold a second. >> wait a second. they rally ied from the novembe lows, they rallied huge. you know i was in all of them. then took a big nose dive then in march -- >> so, they're still up 25% and we expected them top up 50? >> i have to tell you, that i don't think these companies are pricing in any kind of fiscal policy at all. they're pricing in -- >> well, they did not roll over. >> yes, they did, they roll -- >> jpmorgan, goldman sachs, deere, caterpillar, you tell me those -- >> financials are one of the worst performing sectors of the year. >> energy. materials. energy and materials. >> after being the best. >> they stalled out. they didn't roll over. >> you telg me jpmorgan gave back the 25%? did i miss that? >> jon, you're picking one or two stocks. >> energy -- >> i'm not picking sectors. >> best in financials, which i talked about over and over again and i'm pick iing my infrastructure stocks, which happen to be your infrastructure stocks, they have not rolled over. so if

and caterpillar shares may rice 20% as well this year, thanks to president trump's policies.aying, quote, perhaps no company is in better position to benefit from a president's agenda than cat. >>> fitbit issuing a statement after a woman claimed that the device exploded. it shows that the device didn't malfunction. tests show that external damage caused the damage. >>> u.p.s. is threatening to strike. a union representing 1200 workers is going to the company to settle a two-year contract dispute saying it would seek clearance for shares. >>> coach is reportedly looking at a potentially $1 billion deal for jimmy choo. coach is on the hunt for luxury brands after last year's failed takeover attempt. the paper says coach recently had jimmy choo boss schhulman giving the company an advantage. >> jimmy choo has been up for sale over and over again. now, it looks like another bid is out there. >> exactly. the price whatever price might come out with it. >>> in other corporate news, we're going to be watching shares of casino stocks gaining revenues. in macau, the largest casino hu

a lot of bellwether companies like caterpillar.nery is one of the biggest contributors to earnings. it feels like this tech reign, while it is going strong, may be ced ceding leadership. >> savita, your point about tech valuations only stands because the average valuation for the sector is weighed out by old tech drags the valuation average down compared to new tech. some companies like amazon you can't argue are at record lows for earnings growth. >> you're right. amazon is not technically in the tech industry. it's considered a consumer stock. on a case by case basis, it varies. old tech, like these big companies that morphed from growth stocks to cash return vehicles are cheaper than ever. that to me says -- and they're posting solid results. apple is one of the most inexpensive stocks. these are inexpensive companies that matched cash flow and earnings with price performance. granted, you're right, the tech bubble distorts everything. >> to your point, you know, the "usa today" money section pulls out the caterpillar image on e

i think the valuation in caterpillar is ridiculous. i think the valuation in honeywell is still attractive. >> i still think you can buy it. >>> ben bernanke taking on president trump when it comes to the state of the economy under his administration flgt the comments that raised a lot of eyebrows this morning on cnbc. president trump said he is considering breaking up the banks. and if that does happen, top analyst dick bove said it will be a big boon for one stock in particular. steve grasso greering up to pitch his favorite stock. 40% in 2017 already. but he said it's got more room to run. we've got the name for you when "fast money" rushes. hes. microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. there are over 100 million pieces of dna in every sample. with the microsoft cloud, we can analyze the data faster than ever before. if we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. it's a very simple procedure, mr. diaz. we're j

starts out as caterpillar. >> this is my cocoon. i'll metamorphosis into something else.comes out of the cocoon it becomes a beautiful butterfly. >> i love the fact he's validating percy's existence. >> he started a fundraiser for percy brown. it's on go fund me. his goal is to raise $15,000 because he wants to help him out with a place to live, security deposits, food and everything just for six months so percy can go from there. if you want to help percy out, go to our website rightthisminute.com and click on tv show or check it out on our mobile app. >> the king may be a viral star but he's still susceptible to viral trends. >> fidget spinner. >> he got himself one of those fidget spinner that literally every small human in the world now has. >> the fidget spinner is totally like a helicopter propeller. this is what i think of when i spin this thing. it should fly out of my hand. i was thinking, let's add blades to it. i taped duct tape blades to it. >> you can then through usage of the fan have some fun. >> it will start spinning on its own. it will actually try to ge

caterpillar, want to point that out. it isn't dooer beere, but it is component. then you look at overall here, united health group, one of the other big performers, $1.22 and change, maybe a little bit up. still worth about 7, 8 points over all. as we talk about the dow's top point contributors, guys, those are the ones to watch boeing biggest one so far. back over foup. >> thanks so much. so is this the rally that won't quit and simply can't be killed? let's bring in steve wood chief market strategist and quincy cross by with prudential financial. steve, to what do you attribute the stability we have seen yesterday and today as well? >> we think there is a lot of momentum in the market. earnings fundamentals economic fundamentals are improving. the fundamentals are good in the u.s. but we think will valuations need excellent fundamentals. we think the knowant um and cycle driving the market eventually investors will look at firm valuations. that's why we are advising our client to be more global and multiasset. >> what data point or policy developments would you

i've put a lot of these companies in the same boat, ge, and caterpillar, and we have got to compete, got to compete with some very large tough competitors globally. david: you have been running a bank, cco, for jpmorgan, for about 16 years, so what is the greatest pleasure of running a bank? jamie: this is my contribution to making it a better world. i tell people that if i don't do a good job at jpmorgan chase, i hurt the opportunities. i hurt the people that we do business with. we can't be philanthropic. if i do a good job, we can do all those things. i am not an artist, i am not a tennis player, i am not a musician, i am not a politician. this is my contribution. david: i'm sure your shareholders would be happy for you to stay forever, but you do you have any plans how long you will stay in this position? jamie: i love what i do. as long as i have the energy to do it. it does take a lot of energy. david: your health is good? jamie: my health is good. thank you. as long as the board is happy with me. i always say five years. i am 65. i do think there is a time when the right perso

the there are companies like john caterpillar that say castings u.s. can't be made any other place in the world. here do you suppose china is sourcing its nuclear island. all the high end extremely into the arts that go come from the united states. jobs in the rustbelt. we e take a step back realize that the portrayal in america in of decline and the rustbelt as an failure of e globalization, it's just not looking closely enough. yes, we have lost jobs. rustbelt. but we've also created jobs. here are tens of thousands of advanced manufacturing plants in the rustbelt that export. of that support thousands jobs in the rustbelt. we trust fisherman fisherman and it for example, when we eat the m gordon fisherman's. chances are it was shipped to china to be deboned and sent back. that happens with 80% of our seafood that is processed. soon it will be taken. -- will be chiken. think about all the carbon miles generated from that transaction. um, ships are spilling -- they urn the dirtiest fuel. traveling thousands of miles, burning the most dirt of fuels, so

caterpillar was integral. i could easily say bank of american over jpmorgan. no stock needs higher rates to fuel the next leg of its rally more than jpmorgan. i doubt that two rate hikes would derail the economy from this low level. yes, we're worried about credit cards, i articulated that last night. j prks m jpm has gigantic -- that red tape drag should go down, and dividends will go up, the same with buy backs. as we saw from cat's annal devel -- because they want the chinese to keep spending for fortune on infrastructure, it needs coal mining to stop shrinking while the dollar goes lower, and it needs to see it's u.s. order book grow with infrastructure spending, at least some from the federal government. so in the old days, a simple call, walter, mentioning my old beloved partner, how is jpmorgan and cat. if it was down, then i knew there was press pebospects for market. if cat and jpmorgan had -- zb k >> caller: i just want to thank you for your insight and devotion to helping all the investors out there, it's truly appreciated. >> i appreciate that. >>

the heck does that have to do with the price of heavy equipment in china, and i urge you to buy caterpillar, but we have to con tend with an economic slowdown caused by an endless fallout from endless intelligence investigations. some have talked about the possibility of impeachment. not democrats, republicans. that still seems pretty likely to me. if he's charged and found guilty, then pence becomes president and he would have a much better chance of passing tax reform and repatriation, but that doesn't seem very likely. still people are starting to worry that this political morass could hurt the economy. many banks are up because the bankers expect for the fed to keep raising interest rates. but if the economy gets breaker because of washington, the bank stocks will get poichbded even harder than they were today. so the financials are at the epicenter of this downturn. and the rules are, stay away at all times from the blast. now we get the link an, in that scenario, it's not just the banks that can get hurt. you can always check the transports, they are a great monitor, and they have bee

for instance, how do caterpillars turn into butterflies? carlos: tons of butterflies right now.k: man alive. how slow are tortoises? suzi: ok. now you can start eating the grass. jack: and how do snakes inject their venom? ooh, boy, that gives me the chills. if you want to know the answers, today's "wild countdown" is for you. wowee. holy mackerel. and later, my blooper of the week. she licked me in the tongue. you've got questions, a i

as i said we'll off the lows leading 30 with exxon mobil and caterpillar is really not far behind.he shares are surging after an upgrade from bank of america. it's a way to get to the multiple beat. it's all according to america. they've said over and over again that obama care is dined gerri willis is here to show us the latest nail and the coffin. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. on a perfect car, then smash it into a tree. your insurance company raises your rates... maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. liberty mutual insurance. due to your first accident. hidden in every swing, every chip, and every putt, is data that can make the difference between winning and losing. the microsoft cloud helps the pga tour turn countless points of data into insights that transform their business and will enhance

( laughter ) well, i guess we'll find out in priebus' upcoming tell-all book, "the very guilty caterpillargot a great show for you tonight. oscar isaac is here. but when we return, i'll have the latest revelations from a big, furry hat. stick around. ( cheers and applause ) ( band playing ) do we really have to choose him to be our next spokesperson? seems like a good fit. i'm yawning just talking about him. well it's our job to change that. uh guys. i think he can hear us. hm. sounds like you're on the fence. why don't i just leave you my resume? yes, it's laminated. no thanks. you're hired! caramel has been square for far too long. uh. ow. introducing new caramel m&m's. at lincoln, we're all about making things simpler for you. like, imagine having your vehicle serviced... from the comfort of your own home. introducing complimentary lincoln pickup and delivery servicing. pickup and delivery servicing on the entire family of lincoln luxury vehicles including a complimentary