well it looks like caterpillar and for your drop of revenue and in the past quarter they easily wall street expectations and the good news so to speak as they see growth all over the globe for example construction in china helped quite a bit but also here in the u.s. and also in canada where there was energy prices coming back the gas and oil industry is investing heavier than in the past and that's also an area where caterpillar is profiting from sort of bottom line as the numbers of caterpillar grows not just in the usa but old saw all over the globe rather interesting me. not the tech sector moving the markets so much for once explain that development to us. you know we see a certain sector rotation here on wall street for most of the year we had those big tech names like amazon google facebook netflix actually driving stocks higher but now we see this it would take into financial stocks and also in industrial heavyweights and like caterpillar as we've just talked about or also three m. as three m. and caterpillar alone here on tuesday were responsible for got a good one hundred p

guy adami. >> caterpillar, there has to be a cat tracker in front of every hole to be dug next year those earnings were outrageously good, good for them, they've raised guidances for the third time this year clearly i missed that one for at least six months, probably longer but now you have to ask yourself, is valuation getting in the way so i would submit that cat maybe is ahead of its skis despite the ridiculous quarter triple m another one big valuation, great quarter what are you paying for these companies now at the end -- maybe at the beginning with cycle, but trading mid-20s in terms of price to earnings >> speaking of redic, how about that opener, tag team, whoop, there it is. how many shows on financial shows are doing that >> one, for good reason. >> i thought half of today's performance was really related to an inventory build. when i look at the reports that were out today and the places i think you can still buy, a name like gm, which is trading cheap, not only do its peer group but to its precrisis levels when it was a much less efficient, much less cash flow generative comp

i'm looking at 3m, looking at caterpillar.'m kind of -- caterpillar is so good you almost have to laugh. there were people like my friend alex blanton saying it could earn 10 and $12, when, when, when now. >> even the company has had trouble keeping up this is the third revenue guide increase this year they just raised revenue guide in july and again today. >> where they raised is really interesting. it's insane growth, mining is good and china construction good and onshore oil and gas, we tend to think that business isn't that good. machinery, energy, transportation, all much better, firing on all cylinders. largest sale increases in north america. >> amazing. >> and asia pacific. >> i hope he had long term options he was able to keep on his departure. i kind of kid but they had a ceo change and it's always a question of how much this is actually his responsibility? >> as much his responsibility i would say it was the previous gentleman who ran ge i think it's that important, what doug did when he was at caterpillar. he recog

and caterpillar alone here on tuesday were responsible for good one hundred points to drive the dull jones industrial average to a new records but no the focus will be again on technology companies we will get earnings results from microsoft from intel from google and also from amazon all on thursday after hours and it probably would also depend on those numbers if we can continue this breast taking a really new high here on wall street the dow jones industrial average almost twenty three thousand five hundred points absolutely incredible all men all of wall street yes quarter thank you very much. if you want in a small only dim sized enterprise here in germany your job looks fairly safe for the time being the country's economy has always relied on highly specialized small and medium sized firms in fact have long been referred to as the backbone of the german economy and that was study has confirmed that the role they play in the country's economic health is more vital than ever. a new study from the german development bank has shown that sales from german s.m.u. companies like this

caterpillar spin threads from this mixture of silk protein water and the adhesive seris and. they fall sick rhaetian out of a gland on their heads. the water evaporates and the silk fibers in the adhesive combine to form the light an extremely strong thread. there is such as a trying to do the same thing to spin robust threads from liquid silk. to several full stops they succeeded that slowly beginning to understand how the new material can be processed. is a bit of yes yes they. are also the. most complex projects are in the pipeline this three d. printer is making an artificial bone made of silk. the human body won't reject the material the mixture can even be progress. and so that the silk bones dissolve after a few months. and off time for the body to build up its own bone tissue using the silk as a scaffold. and then you become a green body and then after that will center and that's when it really gets. rid. of pragmatics are that our bones our organs are very small to scale complex organisms and so and so out of that wide array of possibilities you need to match somethi

that is also an area where caterpillar is profiting from.tom line is the numbers of caterpillar growth in the usa, but also all over the globe. helena: interestingly, it is not the tech sector moving the market so much for once. explained that development to us. jens: we see a certain sector rotation here on wall street from. -- wall street. for most of the year we had companies like amazon, google, netflix driving stocks higher. now we see rotation into financial stocks and also into some industrial heavyweights like caterpillar, are also 3m. 3m and caterpillar alone here on tuesday were responsible for a good 100 points to drive the dow jones to new records. but now the focus will be again on technology companies. we will get earnings results for microsoft, from intel, from google and amazon all on thursday all after-hours. it will probably depend on those numbers if we can continue this breathtaking, really, new high on wall street. the dow jones almost 23,500. helena: absolutely incredible. thank you very much. in poland, young doctors i

caterpillar trading at a record high.aterpillar keeps raising the bar on sales and analyst expectations, and they keep beating them. they are doing strategic planning. the illinois-based company projecting 27 sales -- 2017 sales of $40 billion. this month, a third straight increase in the annual revenue projections. gm also is focused on reminding wall street that there are reasons to be excited about stock, despite the talk around the technology. the core automotive business in particular continues to outperform. profits topping estimates. sales of a new equinox crossover surged. around generating buzz the electric future of the firm, as you would expect after the announcements we have seen in this quarter. worldcom always in focus. in focus.hirlpool sears is going to stop sales of whirlpool products after the company could not agree on pricing terms. the retailer will no longer carry whirlpool brands, including maytag, and kitchenaid. it is effective immediately, according to sears come in on employee memo last week tha

performance from caterpillar, mcdonald's -- outperformance from caterpillar, mcdonald's, 3m. a bit of a selloff emerges and treasuries. up four basis points for the first time since may of this year. the dollar cannot catch a bid. that's the cross asset picture going into the opening bell. can we get another record high? abigail: the bulls are back. the dow trading at an all-time high come on pace for another record closing high. yesterday's pullback the worst since september. it's all about earnings. lots of earnings strength, especially from the dow. we're looking at years of caterpillar, 3m and mcdonald's. caterpillar and 3m at all-time highs. strength from retail machine sales, the best growth since 2012. the company is talking about strong demand for construction out of china. 3m boosted on electronics and currency gains. mcdonald's matched estimates. same-store sales beat estimates, of 4.1% -- up 4.1%. traffic is increasing once again, suggesting the turnaround for mcdonald's remains in place. the overall economy is doing well today. the internet stocks also doing well,

caterpillar, 3m and mcdonald's all rallying in today's session.nd 3m hitting all-time highs but what's new david seaberg of cowan and company joining us as well as mike binger with gradient investments. david, i joked at the top of the show that i'm out of hyperbole, man, and one thing i can do is talk i've run out of sort of any sort of thing to say about the stock market are you still a buyer of some of these dow names which are up 30%, 40% this year >> yeah, the three you mentioned, the momentum for the triple m, for cat track, it's there. it feels like it wants to keep going. of the three i think i prefer mcdonald's their outperformance from a comp perspective as far as the average fast casual name is just the basis points of outperformance the gap has just widened again. they're executing in my opinion on really all cylinders here i think the only concerning thing that came from the call is the spend in 2018 and sort of what that's going tone tail. that is the only question that came up. i look at it and say outside of that they're executing

the caterpillars spin about a kilometer of silk to build their cocoons silk fibers have been used by humans for thousands of years to produce textiles. but now the researches in boston have succeeded in giving silk a completely new form that percepts is unique world wide. the first ground up and dissolved in an alkaline liquid there are such as extract the silk purse things it's an elaborate process but it allows them to reconstitute the viscous base substance that's the secret behind silk. cassopolis spin threads from this mixture of silk protein water and the adhesive seris and. they full cissie creation out of a gland on the head of. the water evaporates and the silk fibers in the adhesive combine to form the light an extremely strong thread. there is such as a trying to do the same thing to spin robust threads from liquid silk off to several full stops they succeeded that slowly beginning to understand how the new material can be processed. as a bit of yes yes they. are also the. most complex projects are in the pipeline this three d. printer is making an artificial bone made of

says the potential is enormous he believes the caterpillars can help protect the environment and solve a plastic waste problem. that's because cells could soon replace plastics in many areas of life. the caterpillars spin about a kilometer of silk to build that cocoons silk fibers have been used by humans for thousands of years to produce textiles. but now the researches in boston have succeeded in giving silk a completely new form that process is unique wild white. the first ground up and dissolved in an alkaline liquid there are such as extract the silk persons it's an elaborate process but it allows them to reconstitute the viscous base substance that's the secret behind silk. cassopolis been threads from this mixture of silk protein water and the adhesive seris and. they full secrete an out of the gland on their heads. the water evaporates and the silk fibers in the adhesive combine to form the light an extremely strong thread. there is such as a trying to do the same thing to spin robust threads from liquid silk off to several full stops they succeeded. slowly beginning to underst

well it looks like caterpillar and for your drop of revenue and in the past quarter they easily wall street expectations and the good news so to speak as they see growth all over the globe for example construction in china helped quite a bit but also here in the u.s. and also in canada where there was energy prices coming back the gas and oil industry is investing heavier than in the past and that's also an area where caterpillar is profiting from sort of bottom line as the numbers of caterpillar grows not just in the usa but old saw all over the globe rather interesting me. not the tech sector moving the markets so much for once explain that development to us. you know we see a certain sector rotation here on wall street for most of the year we had those big tech names like emin's and. facebook netflix actually driving stocks higher but now we see this rotation into financial stocks and also into some industrial heavyweights the like caterpillar as we've just talked about or also three m. three m. and caterpillar alone here on tuesday were responsible for got good one hundred points

believe it or not, the mining business is even starting to pick up for caterpillar. elsewhere we have been emphasizing the storms hurting oil and gas companies, but a lot of companies are saying business is going to improve very quickly. think cabinets and plumbing around the united states, they were a bit disappointing on the guidance overall, but people didn't care that much. the company kept emphasizing this, this is a historic high for masco. similar for stanley black and decker the numbers were amazing for them in fact, the tool division grew 9% overall here. they also had good numbers that also an historic high for stanley black and decker this is what i mean, the economy right now in the u.s. still improving, global growth happening pushing companies like caterpillar and 3m forward dow sitting shy of the highs there. back to you. >> question what you said about the u.s. economy improving feels like, again, we're in this period where it's a tale of multiple economies and multiple sectors. yes, it's great to see the industrial movers, the construction, heavy equ

a lot of that is caterpillar some of it is utx.> yep >> and maybe some of that is mcdonltd's the trade is volatilecdonald's t adjusted earnings per share at $1.76. the fact set estimate is $1 .76. thereby other estimates that are a penny higher roughly in line. revenues were in line. the bright spot in the report, u.s. comp store sales coming in at 4.1 % the estimate had been for 3.6% we do have a mixed bag so far for mcdonald's we are seeing the shares hugging the flat line right now. >> there's a lot of different things that are happening here the global comps were up 6%. apparently there is an accounting quirk in this, which may be part of the reason you're seeing things fluctuate as people try to figure this out. total sales a little lower because the company accelerated refranchising to the tune of about 10%. down 10% if you look at the system-wide sales, though, that includes both the owned and franchise locations. those sales are up by 7% that's probably the number that is a better apples to apples comparison >> 10% on a glo

look at the tandem moves from caterpillar.aterpillar is in white and the msci emerging market index is in blue. they have been moving together. this is almost parabolic over the past year or so. in large part, because of what is happening in em. from overseas.es a large part, from china. yvonne: could be a good indication for some japanese construction stocks, as well. let's take a look at how markets in asia are faring so far. not seeing the exact type of optimism in new zealand so far, flat on the nzx 50. the kiwi could be sliding further after reaching technical levels, .5906. we did see a choppy day for them dollar. dollar. the fed thanks john taylor can make a good fed chair. at the sydney open, stocks up 0.25%. expecting price gains to climb back to 2%. 16th straight day on this winning streak, a record-breaking one we saw yesterday. looks like we can be continuing highrally on this abe after the landslide victory for the prime minister, $113.94 for the dollar-yen, just kissing $114.- kissing met gop senators to push ahe

rishaad: caterpillar is one we were looking at.hina the guiding light there. >> we know china has been the guiding light for the global economy for the last decade. we are seeing good economic performance out of europe. all of the premarket need earnings to rise. -- of the equity markets need earnings to rise. expectations are low in europe. very low interest rate environment -- there is a lot of money sloshing around the system. we see quantitative tightening coming in. what effect will that have on equities in particular? neil: in the short-term, very little. i would call them glacial interest rate rises from the u.s. the ecb won't tighten next year. i think the headwinds for equities is more about earnings rather than monetary policies. i think in the fixed income markets, next year we get ourselves into a situation where the u.s. market will have to roll over half $1 trillion in debt, a debt ceiling increase. up, and the question for us in the currency markets is what price will that $2.5 trillion clear at? or higher?2.4, my gu

>>> stock of the day is caterpillar up 48% for the year. but let's go back and look at a five-year chart of caterpillar if we might. it was not always the stock of the day, and it just goes to show you that laggards can become leaders in a hurry. >> thanks so much for watching "power lunch." "closing bell" starts right now. >>> welcome to "the closing bell." i'm sara eisen for kelly evans at the new york stock exchange >> and i'm bill griffeth here we go again another big rally on wall street the dow on track for a record close after strong earnings from industrial giants 3m and caterpillar. a few others are doing well as well today but those two stocks are responsible for the majority of today's rally for the dow. in fact, we were up almost 200 points a short time ago. we're off those highs right now. >> investors getting set for another batch of potential market-moving earnings after the bell we're looking out for at&t, chipotle, express scripts, texas instruments, just a few of the names set to report earnings in just about an hour >> we

the dow soars triple digits to another record with caterpillar and 3m doing the heavy lifting. >> drama in d.c. another republican takes a stand, raising questions about the president's economic and tax agenda. >>> and up in smoke. northern california's cannabis crops destroyed by wildfire. and the timing couldn't be worse. those stories and more tonight on "nightly business report" for tuesday, october 24th. >>> good evening, everyone, and welcome. has the evening off. stop me if you've heard this one before. the dow closed at a record. its 54th of the year. it was powered by two stocks, caterpillar and 3m, both of which reported better than expected profits and offered better than expected outlook thanks to a growing economy. that dynamic duo helped the dow close at 23,441. nasdaq was up 11. s&p 500 added four. morgan brennan has more on caterpillar and 3m and what is driving the industrial s >> reporter: if industrial stocks are a bellwether of economic growth, then growth is brisk. caterpillar got the most attention after the machinery maker crushed profit estimates and hiked its fo

caterpillar tends to be a bellwether for how the economy is going.tually ties into the gadfly column as well. these results are a reflection of the recovery. earlier, the imf lifted its growth outlook for the u.s. in the euro area, for japan and china, 75% of the world. but we saw with caterpillar is they reported increased demand everywhere they do business. they are benefiting from increased capital investment, rising sales and construction equipment in china, and showing strength on oil and gas industries in north america. if we are looking at the u.s., we get the next read for gdp, for third-quarter gdp friday. the forecast for that is to be about 2.5%. we also have the light of that gdp now index, which is another chart we can bring in. for 2.7ojection is now percent, suggesting third-quarter gdp could be even better than that bloomberg estimate we usually go with, which is good news for caterpillar and good news for the trump administration. shery: and, thank you for that. chandra,handra -- emma thank you for that. david: u.s. commerce secretar

two of the most common myths to have do with fury caterpillars and fruits.ooly bear caterpillar myth goes back as far as colonial times as they relied on nature to help make predictions. >> the w id th of this central red brown band, was carl lated with the severity of winter with a broad central reddish brown ban meaning there was going to be a less severe winter and longer black portions of the caterpillar indicate indicating that there would be a harsh winter head. >> reporter: the myth of the caterpillar gained momentum in 1940's when howard k er n gave the story to a newspaper reporter new is just a tall tail. >> the central bandies as a means of predicting, climate is, fruit with problems because caterpillars develop, their color, changes. >> reporter: another well known piece of winter weather foulke lure has to do with this orange fruit, the foulke lure has to do with the seed. accord together myth if you cut open a seed you can find out what type of weather ace head, fork shape means a mild winter, knife shaped means a cold, windy winter and spoon m

heavy machinely company caterpillar looking at biggest one day percentage gain since july. up 5.33, and beat both revenues and earnings per share. we want to show you jpmorgan, leading the dow, breaking above $100 for the first time ever. it's at $100.78. that stock is up 1.5%. let's go to capitol hill where president trump meeting with republican senators, urging lawmakers to get on board with his massive tax cut plan. senate majority leader mitch mcconnell hinting that the gop intends to get tax reform over the finish line by the end of the year but the house may get it done before thanksgiving. in fact, november 1st. connell mcshane live on capitol hill. connell, we had the breaking news about senator jeff flake. what are you hearing about that and the ongoing feud between the president and senator bob corker? reporter: it's been something, the back and forth, before the lunch took place, and the flake not running for re-election just adds, and you made this point a few moments ago to the math and the tight math on capitol hill, another senate seat to watch closely, 52-4

caterpillar, and donaldson united technology. all of the numbers and will have the analysis as they come in. what do the numbers mean to you? markets looking higher this morning. take a look at what we've got at the moment in the sun. dow industrial 45 points, nasdaq, s&p 500 in positive territory. stocks are searching for direction this morning. the europe, ft 100 off just a fraction in the cac up a quarter of a percent do so. asia overnight markets closed mostly higher taking its cue once again from the u.s. through the shanghai composite, nikkei average and kospi. the hang seng lower by half of a percent. the saudi ipo is on track. the managing are getting some hopes to big investors that the oil giants public debut is on schedule for next year despite the speculation that we are going to see some private investors on the steel like the chinese, which may very well will be likely. the push for tax reform back in the u.s. president trump set to head to capitol hill to encourage republican senators to move forward on tax reform.

caterpillar was 24%, 34% caterpillar. can you imagine that?tart to consider a 30% tax rate on top of the juggernaut things. stuart: very good. peter morici from the university of maryland, very strong corporate profits, does that mean the underlying economy is going strongly? >> the underlying global economy goes strongly. out of the financial crisis, the us growth rate, donald trump in a neutral situation, and that is a good thing. if you get the tax-cut it is better but the global growth rate looks like it will be 3.7%, these are one thing in common, they sell abroad as they do here. we go back where more than half of the profits growth is a broad. coming into this morning the ratio of the s&p 500, would be about 25. because of what happened, a year ago it was 25 and the last 25 years average 25, the next three quarters at 12.7% the average it is being forecast, people starting to increase their forecast, there are good underpinnings for the market going forward. what could to kill this, markets are psychology. if they don't deliver on tax-c

we have all trading sharply higher. 3m and caterpillar are at all-time highs. sincehaving its best day 2013. 3m was helped by the weaker dollar and the divisions had a 13% gain. caterpillar the earnings adjustments and huge way, by 56% to they beat sales by x percent. this is the ceos third sales heat. -- the. the stock is already up 49% year to date, it's best year since 2010. mcdonald's matched estimates. traffic, sales traffic, but traffic is suggesting the turnaround is on the way. we do have the dow would the record high. there is talk about if we will see a pullback. katie stockton said there is a sale signal saying there could be a pullback. 77 and the bloomberg. this is a momentum indicator. we are hitting a level on the dow rsi above 85 that has not then seen since 1955. like it higher, it suggests buying momentum is in place. mark that a pullback could be on the weight. -- way. mark: we have 90 minutes left to the tuesday session in europe. we are led by financial services. it's a busy day. investors mostly see equities weathering, france is tapering.

because can't generate the earnings from caterpillar or 3m.moment utilities within striking distance of all-time highs. aep. 3.4% yield given how the yields have surged, would think investors would be backing away. has not happened because the trump administration keeps rolling back obama era environmental rules, making it easier to run a power company. but more about this. weaker than average quarter and softer than normal totals but stock rallied. wondering about the secret to the staying power. dig deeper with the ceo. welcome back to "mad money." >> great to see you again. great to be with you. >> thank you nick. i have to believe that people realized let's back out, figure out this company had to be hardest hit. how would they have done fact your stock was up big tells me you had a monster good quarter. >> the quarter, even though relatively light, weather this year, been the mildest weather this year in 25 years. so impacted us about three cents for the quarter, for the year 16 cents per share. think about the weather impact and ability

charles: good evening i am charles payne caterpillar and 3m record highs as president trump pushes his tax reform on capitol hill. we have a lot more on that shortly but first we start with breaking news figures on the senator jeff flake will not seek re-election in 2018. the senator detailing the bombshell from the floor earlier today. spin the principles that underlie our politics the values of our founding are to file to our identity and our survival to allow them to be compromised by the requirements of politics. because politics can make silence when they should speak and silence can equal complicity complicity. i have children and grandchildren to answer to and so mr. president i will not be complicit or silent. charles: flake who faced a stiff primary challenge was one of the senate's most prominent critics of president trump readers on the emerging as a battleground state in this news expected to row republicans and keep them at 52 seat senate majority at midterm elections and of course this comes on the heels of bob corker's retirement announcement and a luther strange loss. h

the likes of caterpillar and 3m up significantly and the price weighting nature of the dow meant it hadore of a significant gain than the dow or nasdaq gains for all three indexes. slight gains this morning for the dow, the s&p and nasdaq just lower. ten-year treasury note, we hit a high of 2.424% yesterday we're at 2.44. fractionally love that level that will help the likes of the financials again today >>> on the wall street agenda, a pair of economic reports and plenty of earnings september durable goods earnings are out at 8:30 a.m., followed by september new home sales at 10:00 a.m. boeing, coca-cola, glaxosmithkline, northrop grumman will report before the open as well more earnings coming out as the rest of the week progresses. let's look at markets around the world. asian equities, sadly japan ending that 16-day winning streak extraordinarily long run it had. down a half percent today. gains for shanghai and hong kong india having a good session today. >>> european boards, they were slightly higher yesterday but not doing much today sort of switching the other way. a bit of a de

caterpillar is on the rise, 3m as well. the s&p and nasdaq gaining as well.he s&p we have a winner and a loser in the earning space. corning the best performer, the maker of gorilla glass. we have whirlpool on the downside. their costs are rising and they are winding down their century long partnership with sears. outside of stocks, we are looking at rates that are rising . 2.4%, we have been talking about this level on the 10 year. it is above 2.4% now, 2.41%. and the dollar is rising in tandem. it on and talke about the ecb, draghi just two years left in his office, facing his most difficult task bringing in the asset purchase program he started in 2013. the question is not whether he will bring -- unveil plans to scale back kiwi, but how and how soon -- qe but how and how soon. for more on how markets are preparing for the decision is a bloomberg economics area economist. 30 billion for nine months, you are slightly outside that. why and does it matter? maxime: it does not matter in terms of volumes. what we have looked at is the precedent, december 2016 t

so you rather caterpillar if they miss after earnings in the morning. ploo. >>> coming up, is this oil's last hurrah? >> the commodity king says the party may be over. >>> one trader sees even more ahead. we'll explain why. >>> and what happens when the bulls aren't bullish enough. what him and his rivals got wrong this year and why wall street isn't jumping on the gravy traiju yn stet much more phony phony still ahead. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone directv has been rated #1 in customer satisfaction over cable for 17 years running. but some people still like cable. just like some people like banging their head on a low ceiling. drinking spoiled milk. camping in poison ivy. getting a papercut. and having their arm trapped in a vending machine. but for everyone else, there's directv. for #1 rated customer satisfaction over cable switch to directv. call 1-800-directv. >>> welcome back to "fast money. we have an earnings alert on whirlpool. let's go to seema mody for the details.

. >> caterpillar's a top performing stock. the firm raises their stock to 158 bucks. it's our call of the day. what do you think of this one? >> it's a great call. i also remember many who did not want to buy caterpillar and stephanie to my left was one of the first who came out and boarded it at a very reasonable price and you're seeing the recovery now. you're seeing the recovery and we're not even beginning to really believe that they'll be any form of infrastructure in this country which i think caterpillar would be a significant beneficiary of. i think the momentum is there. fundamentally the positive story is now present once again. the scepticism is removed. >> all time high. but all time high and with the weaker dollar for their product in dollar terms, you know, against ca mot sue or any of the korean competitors, i think it just continues here. >> steph believer >> i don't know if i would buy it here. i'm a holder here. i was buying this when it was yielding 5% and looking like it was going to 6%. their ends markets are still very depressed is one of their b

a caterpillar secretion has the potential to become the biodegradable high tech material of the future if an artificial version can be made cheaply it could completely replace plastic. oxygen is one of the most important elements in the universe. we need it to breathe and we wouldn't last long without it but how do apnea divers hold their breath so long. wait lists leaving glide down into the darkness without having to. bruv. with just one a single breath of air they dive to depths that cannot otherwise be reached without technical just. tree divers are a medical phenomena thanks to special breathing techniques of years of training doris hold a month can hold her breath for up to six months. apnea diverse set records that puzzle science how does the body manage to go so long without life giving oxygen. researches at the university clinic and phone want to get to the bottom of the fish people's secret. their abilities make free divers coveted objects for study. during tests the oxygen content in their arms legs and brain as measured. doris woman is in a position to withstand the body's

for the entire bull market and now they're actually too steep >> so, when you take a look at a caterpillar, which theoretical benefits from this sector, does that mean sense to you i think it's way too steep, but it beats, yet again, at some point caterpillar will have a mighty fall from grace, just like everybody else. it's defied almost all logic at this point, but this just in, zinc rolling over, copper, aluminum, rebar, shanghai all under pressure >> so a question for you -- whenever i look at tech always, i always try to look at the reverse and say what have i done and what can actually make it bullish if i'm bearish and vice versa. when you look at this chart, what makes you think that i'm wrong, and if china does have this exponential growth, and we're going to the first quarter of next year, do you see something that's at all positive >> issue, one thing can happen, something that's extended gets more extended -- caterpillar, bitcoin, pick your thing ittic go even further than the imagine nay allows >> carter, thank you. >> thank you, guys. >> carter wirth, when you said bit coin,

record highs for the dow a triple digit game caterpillar ending 1304 points predicts the 71st record close since the president was elected also helping that wall of money printed by central banks around the world $321 trillion central bank money printing basically it looks like it is pouring into the market. more on the tax cuts with senator corker and flake. but first let's get to lori rothman on the floor of the new york stock exchange. a bull run, laurie. >> check this out liz. the dow 23,500. we get the milestones down 22, dow 23 but this rally so fast and furious they are now 49 points away, 23,500. it did fade a little bit nobody's going to be disappointed with 167-point gain which as you said it's another all-time high. record after record a lot more since president trump was elected the largest gain for the dow is six weeks and you can credit the heavy lifting of caterpillar to economically sensitive bellwether if you will stocks reporting stronger-than-expected earnings in making up 134-point on the dow's gain today both hitting all-time highs. also leading to doubt you had

it was by the classic american stock hitting new highs, boeing up 67% caterpillar 38%. walmart up 24%, just dollars away from a fresh record how much further can these dow darlings run do you keep buying these classic american stocks even at record highs? pete what do you think? >> i think some of these names, absolutely if they've got the growth or if they've got something within the balance sheet that makes sense to me. i was given flack about this one, it will continue to go up, boeing when you look at this name, we talk about the banks all the time, it's a price versus book, right? we're always looking at these various ways of looking at things it's not necessarily the pe value. with boeing you have to look at the operating cash flow. if you look at that for bowing, you're looking at a company that's 18 times, compare that to their peers. it's actually still inexpensive. because of that, 23 pe feels a little bit steep but there are names out there that have the growth, that can support the fact that they'll continue to go to the upside >> i agree, from a cash flow p

that was boeing and caterpillar. caterpillar is up 16%. boeing up 9%. look at latest numbers. boeing 9%. caterpillar 15 1/2% and home depot. nike has been a loser since dow 22,000 which actually occurred in august. you can see down 13%. disney and ge down 9%. so big picture here, dow 23,000, i will leave you with this, one trader brought in a newspaper he found in his grandfather's home. this is from 1968. in here, inside, it talks about the dow at dow 837. 837, in 1968. a lot of our viewers may be invested at that time. or wish they did. melissa: love the hat, nicole. thank you. david: bottom line, keep your money in the market. the election market rally wasn't even supposed to happen according to mainstream media. here is "new york times" columnist paul krugman on election night. quote, it really does not look like president donald j. trump and markets are plunging. if the question is when markets recover, first-pass answer is never. melissa: huh. david: i went further. we're probably looking at a global recession with no end in sight. melissa: he was so close. david: he was

companies 3m and caterpillar before the bell reported solid earnings.t is key about that, a lot of companies and investors look, sorry, caterpillar and 3m as economic bellwethers. 135 points to the dow for 3m and caterpillar for the gains today. all-time highs posted by those companies. behind that you had some financials. american express, jpmorgan chase, then defense contractor rounding out top performers. boeing up 1 1/2%. this is really interesting story today. whirlpool after 100 years, announcing it will no longer sell appliances to sears. sears will not carry brands mike maytag, as well as some of the other brands whirlpool makes. after 100 years, whirlpool out with very disappointing earnings, lowering full-year profit outlook to boot. shares of whirlpool down, painful, off 11%. not too much better for sears. of the more problems. the company off 9%. back to you. melissa: lori, thank you. david: house intel committee is looking how a russian-based company was able to get access to 20% of u.s. uranium in a deal made under the obama administration

dollar and think about caterpillar and the chinese construction, the positive growth we're seeing there, so, again, lehigh lights the synchronized global growth and that i think is most important the ten-year is the 2.40, the highest level since it was 2 hadn't 42. why, because it's about global growth and that's why the market is going up. tax cuts, forget it. >> and i would just add in addition to global growth, especially in the central industry, they have restructured for the last six to seven years. they have streamlined their businesses so when you get that revenue margins are staying firm and that's why caterpillar is able to raise numbers by the amount that they did and why stanley black and decker did and you are ri, united rentals did last week i think the industrial sector is actually really a strong one, and i think it's going to continue because of all of these things, and it showcased and highlightsed today. >> the thing that i will highlight with you, steph, is, of course, cat numbers spectacular. asia-pacific in particular, whether it was construction or resourced, i mea

if you're 3m or caterpillar you can raise price in a spare capacity to meet nand and report a beat that so huge it will turn your stock into a magnet for money. did you see decker up today, that you say past it's a 9% growth in tools. tools, that's unheard of, which make portfolio managers want to reach for that stock at all prices they are insanely better tan expected fourth driver of the action today. when you see the first good quarter you know things are not about to turn down these companies could have several more beats like there one. we've seen early innings perform construction thank you to the sad incidents of hurricanes. it's been good i can't believer that because we're going on -- best performer in the dow the inland for the stocks is -- demand for the stocks is fierce. how about the banks, why are they so strong it's strength wise when the economy is humming we know the economy is humming because we see the earnings from the 3m, gm and all these industrial companies that are so strong it's a straightforward equation. they all fly together, the good with the bad why, locks

have been pretty mind blowing so don't freak out if the stock can't get more lift that goes for caterpillar. but please be aware, if these stocks come in ahead of the quarter, that will most likely prove to be a buying opportunity. not like yesterday, much pillowing session. speaking of red hot, the stock of mcdonald's has been hotter than itself coffee i'm conscious that a retailer has been low, about eight points lowing from here no one does -- chipotle, reports the same day this time after the close. i don't think its bottomed after that last freak of unfortunately electricity. boeing, this thing's been a beast. the company may tell a better story about defense spending you're going to have to wait until it comes down because oerds you've missed it although the new ceo was hoping to make acquisitions i think he needs to make a big one. speaking of troubled sectors it's hard to find out out there than retail. at one point walgreensive the best of the best but now we hear how amazon, which reports the next day is going to mow them down visa, travel trust did great but interest rates went h

and from a caterpillar to a super center. in boston scientists are researching the system when the secretion. ambitious goal to create a violent de grangeville high tech material with a variety of patients. plastic soon be a thing of the past. when i'm traveling i like to be comfortable. but i also want to stay up to date on the latest news and events. and e.w. makes that part of traveling. because it's available and thousands of hotels resorts cruise ships worldwide. brand new founded on the side send us a picture that shows the w. in your room you could win a great price go to d.w. dot com travel quiz. when history books are brought to life. maybe the stories there and we'll get to rewrite. the story of the russian revolution. from the perspective of writers thinkers and on guard ists . what did it feel like to live in times over the revolution and the people. and to the russian art revolutionary. nineteen seventeen the reluctant starting october twenty fifth song t w. welcome to tomorrow today the science program. coming u

from a caterpillar to a superstar banking. in boston scientists found researching for some point in the secretion. ambitious goal to me to find high tech material with a variety of occupations. past makes you think of the past to morrow today in sixty minutes w. . nationalists are on the rise with the world wide and. i am sticking. to highlights different shades of nationalism and to find out what that nation mean to you. a serious story join the conversation if you want to dublin you on twitter and on facebook. european stocks rose in performances the best. live concert every weekend. european concert.

caterpillar and 3m surged after reporting strong quarterly results.rage rose sharply on the back of strong quarterly results from 3m and caterpillar. caterpillar is a big farming equipment and road building machines type of company. winner: san francisco's housing market is so dire, a burned-out home is selling 'below market value' at $800,000 . a burned-out home in san francisco has hit the market for $800,000. the one-bedroom, one-bath house was "completely gutted" in a fire and will need to be demolished. the hefty price tag shows the extent of the bay area housing bubble. 121 gates street, a one- bedroom, one-bathroom house in the desirable bernal heights neighborhood, hit the market in late october. the home was "completely gutted" in a fire in 2016, and the new owners will need to demolish what's left. loser: apple iphone x shipments to be half of forecast. . apple warns to get to store early . .. . initial shipments of apple inc.'s new iphone x will total 20 million units this year, japanese news service nikkei reported, without saying how it g

caterpillar also rising.-had an analyst raise its it raised its analyst price target on the stock. when you look at the stock which compelled the dow to 2300, we have boeing, caterpillar, home depot, and goldman sachs. goldman sachs has been a radial outperform or -- a perennial beatingrmer integer to the dow's gains. this is a look at the daily percentage change in the dow. obviously, the drop on monday is quite start here. just the put into perspective, if we were to see a similar percentage drop today, it would white --5000 points about a thousand points off the dow jones industrial average. david: coming up, we will talk about the future of cryptocurrencies. the will be live at conference in laguna beach, california. this is bloomberg. ♪ ♪ shery: welcome back. i am shery ahn. david: and i am david gura. let's get a check on first word news. >> it worked -- a worker in hartford county killed three coworkers. they are looking for the shooter who they had been a five. officials did not release a motive for t

you have caterpillar and 3m leading the dow. is people are putting on insurance, seems like. 5.6 times the amount of put activity. abigail: microsoft will be reporting on thursday. how do you play that earnings report in the options market? weekly options on some of those names, and that is microsoft. you can go to the end of this week and purchase the 79.50 call for about one dollar 26. cheap volatility, only 20% applied. if you look at the chart, this is a way to only booze $1.20 -- only lose $1.20. the macros or, everybody is wondering if we will see a pullback. index showing that. >> i think people are doing with a should be doing, putting on portfolio insurance. that is what skew is. it averages 154. just below 118. it has been up to when vix is down you should see skew up. this is making an efficient market. that is why you are not seeing big moves in the market, because people are going to the cheap options market. abigail: interesting insights, as always, kevin kelly. we will hear up, from our interview today with a bill

and there's no way the dow is not going up >> the caterpillar story is interesting. that was the third time they raised guidance this year. you think about that that's uncaterpillar-like. >> it's always darkest before the dawn a year agoremember what we thought? what did they buy the mining stuff for? commodity glut all the stuff they had done. >> they were facing off -- >> got rid of poor doug. he's still chairman. >> yeah. you have to think what doug was doing over that time to get it moving >> look at it now. >> it's not a great comparison, but you wonder if ibm is sort of nine months behind where caterpillar is >> do you? >> i do. look at the last quarter of ibm. very good. showed finally maybe they're starting to make this turn after four, five years one quarter does not a trend make caterpillar started somewhere as well six months from now, if you have me back, if we're thinking about ibm -- >> come in every week. >> as long as you bring things to electroshock him. >> and i'm back to ge again. where is ge -- that was supposedly being restructured and turned aro

from a caterpillar to assume. anything i stand scientists sound researching this is a. shock. to me to find degradable high tech material but in trying to. think of the past to morrow to do again. down the dandelions hump into the ladle it's over time but this time any i'm looking forward to the fun rights and party tents and of course i want to try a typical october first beer journey into the festivals history. and see what it's like to where i come on the madness to that. jazz. sixteen that's. my first vice like i was a sewing machine. where i come from women are bound by this notion for something as simple as learning how to write a by side note isn't. since i was a little girl i wanted to have advice i'd lost my home but it took me years they've been right there. finally they gave up and went to buy me and my cycles but returned because sewing machine sewing i suppose was more appropriate for girls than riding a bike and now i want to reach out to those women back home where bones by their duties and social rules and inform them about their basic rights my name is them ou