caterpillar and deer both have had great runs in the last year. we'll debate them in the call of the day. next before the break, our data parters say follow the small caps in march. since 2010, they've outperformed for more, go to cnbc.com/kensho. e lfmeept bk in two minutes. alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. 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. >>> welcome back caterpill caterpillar, deer, getting a vote of confidence from morgan stanley. initiating both with an overweight rating and calling for more than 20% whereupon sup each our calls of the day >> caterpillar concerns me it's basically pulled back towards its february 9th low sentiment is bullish regarding caterpillar. that one concerns me we're talking i thi

caterpillar down 5%.oeing down just about that much these are often traded as the companies most sensitive to some tariff tit for tat or trade war in china we had more on that. no components of the dow are positive right now there's caterpillar and boeing on the bottom right of your screen jpmorgan is down more than 4%. >> massive selloff for the banks. if we can have a look at sectors. utilities remarkably still holding onto positive territory. up about 0.5%. if we bring up the rest of the sectors, financials down some 4% almost. >> dow is down 725. >> industrials, materials, health care, all down around 3%. there is the sector performance, utilities just holding onto positive territory financials really affected by the way yields have slipped today, but also just a significant negativity out there. the dow down 734 now ist down 10% from the late january high. >> we'll see if we can get art cashin back here he said there was a lot to sell on the bell. we're down a couple hundred points from where we bega

a lot of that weakness centered in boeing and caterpillar.&p did turn negative by three points transports were down 30 points the nasdaq held on to 0.3 of 1%. the volatility gauge, the vix, added about a point today. nearly up to 16. we'll talk about the range dow up triple digits and fluctuating quite a bit. joining me are cnbc senior market commentator michael santoli and renee from urban wealth management. everyone is in new york today. is anyone going to get out we have snow coming. >> i know. >> we'll see back here tomorrow if you get stuck topping the dow was general electric in terms of percentages. point terms probably goldman and apple with a bigger effect boeing was down 3% that was the big decliner. mike, what stands out to you about the action >> sometimes, i like to caution against dow blindness. i think there's a risk of that today. the market was essentially flat. more stocks up than down the average -- market -- >> nasdaq was higher >> half percent higher market took a breather after friday's sprint higher i do think we're at

boeing, united technologies, caterpillar, honeywell all of them are lower as investors worry they face higher import costs and trade barriers when they need that material at a cheaper price so they may have to pay more for it. the automakers are getting slammed by the way this is a bifurcated story. partially due on the disappointing february new car sales which just came out today they were lower but these companies use a lot of steel as well. gm down nearly 5%, ford down 3.5 , fiat chrysler lower by 3%, honda down 2 nearly 3% remember honda has a plant in ohio, so we need to watch all of that. these aren't just oh, that's a japanese company. this reaction, is it overblown or are we about to face a brutal trade war not just with china, but with our allies from whom u.s. manufactures also buy steel? let's bring in former u.s. trade representative ron kirk and sir, you actually struck some types of tariff deals during the obama administration. why do you see an outsized reaction here? >> well, part of it is the hyperactive nature of the current administrations trade policy makes it a li

caterpillar is 88 billion-dollar company. business of making metal is not as important as making sophisticated machines from affordable metal. david: kristen, you're inside of the beltway, you're plugged in there. is this some kind of incredible bluff going on? >> i think a lot of the rhetoric is probably political posturing to pressure trump not to implement tariffs. tariffs would hurt u.s. economy in certain way. it could raise the cost of goods, could lead to inflation. could hurt the job markets. american companies that use steel and aluminum to make products make up a much larger part of economy than raw material companies that trump is trying to save. david: just to get around the economics for a second, into the politics do you think this could be a shot across the bow and not directly at the ship of trade? is this just posturing on the president's part? >> look, it could be. the fact is we've been in a trade war for decades and sadly the u.s. has been on the receiving end of that trade war and we have done nothing abo

johnson & johnson, caterpillar among the biggest losers

caterpillar rose nicely, that was a big one, on $44, we went to 150 or so, so caterpillar and the other industrial names moved up deere, we also sought another group, as the bank stocks, they were weaker, morgan stanley, all rose on the news as well this was quite a turnaround in the middle of the day, and of course more than 300 points from the -- ande. >> and tariff turmoil, that is topic a for many people in the markets, and across the political economy. kayla tausche is in washington on how president trump's plan could effect with the ongoing nafta negotiations. >> negotiatoring have made -- but the tariff talk is weighing heavily and will continue to, and whether nafta must be reupped every five year form the three cunning have made little headway on those big issues. they loomed large in the confession before, but even more so now that the president is directly linking them, suggesting tariffs would be eliminated if they played ball on nafta the president is expected to extend talks by april 1st. that would get the three countries much more time to discuss what option that is migh

so is apple, intel, caterpillar and cisco.etting hit because apple and the high-tech sector, they use a lot of electronic components from china. stuart: leave that on the screen, please. boeing and caterpillar, both of them way down. they are two dow stocks sharply lower. that loss on those two stocks accounts for 119 of the dow's loss. okay? so about a quarter of the loss of the dow is concentrated in those two stocks. >> wow. stuart: and now we're down 450 points, close on 2%. >> so the president's going to sign the tariffs live -- >> yes. >> -- at 12:30. will he take questions? will he take questions about being under siege? stuart: can he resist it? >> does he understand the gravity of the incoming fire? >> and it's also the gravity of speaking in the middle of a chaotic, slippery trading day, right? because this is his wheelhouse is talking about how great the market has performed. so, you know, that's going to be key, what the judge just said, the q&a there. stuart: also 16 minutes from now sharp at 12 noon, mick mulvane

we did see defense stocks and industrial stocks like boeing and caterpillar lower today. those were the big winners last week, but not this week. what comes next? investors will be watching a couple of key inflation points this week including consumer and producer prices, but not much else until the federal reserve's next meeting. that won't be until next, we march 21st. the down side risk is stocks are still prone to the scary inflatio headline, but the good news is we're already retesting the record highs. you know, the&p 500 is just about 2% away from its oldig historicand the nasdaq is already there. for "nightly business report," n i'm bob p at the new york stock exchange. >>> let's turn now to rich garini, the ceo of pnc investments. it happened again here, rich, where stocks seemed to be most exposed to tariffs wentil lower those not so exposed, those in the nasdaq and the russell 20, went higher. do you see that continuing? >> i think we're at a me, bill, of high volatility. i mean, when i look at thema ets, it's certainly a market that's driven by interest rates,

remember on the dow, we're taking a look at boeing and c caterpillar as the biggest drags.&p is down by about six points right now. we did want to flag as well volatility the vix, that's up by about 9% that's something to watch as we proceed into the final hours of the session. >> despite bitcoin being down nearly 20% for the week, one state eager to attract as much bitcoin business as it can get the governor of wyoming just signing five new laws making it easier to mine bitcoin in the state and to attract crypto related businesses. joining us is one of the legislators behind the move, tyler lindholm >> thank you, really honored to be here. >> tell us what the legislation does for the state of wyoming and why you think it's going to work >> right, one of the best aspects about the whole situation out of all these five bills is none of them cost anything for the taxpayers of the state of wyoming, and all we're really doing is opening up a regulatory gate and insuring that there is essentially a sandbox for these developers to play in. >> what prevented crypto minors from com

caterpillar, boeing. all of these stocks and these manufacturing sectors, it's usually the one that feels the print of tariffs. a lot of trade experts saying, listen, don't be surprised if the chinese retaliate. for example, when we try to export live hogs, soy products, sorghum, all of that is going to eventually hurt or midwest and would touch a lot of the manufacturing stocks as well that i just talked about it so a lot of this of course is about chinese i.p. and this allegation that the chinese have really been stealing a lot of our tech property. tech stocks moving lower today. i'll point out a lot of that is extended pressure from facebook. we heard from the founder and the ceo, mark zuckerberg, last evening, talking about the steps that facebook is taking to ensure data integrity for users after the second breach or second issue in about 18 months time. manufacturing stocks and tech stocks is what is weighing down the market. >> trace: we're going to talk about facebook here in a minute. but you ta

i'm pointing out industrials because those are the ones that moved the most caterpillar, $5 up it was144 a few hours ago. now it's almost $152 we also saw the ten-year yields rise and is that finally got some of the banks, which have been a little -- moving. dow component, $6 on goldman sachs. that's almost 50 points on the dow jones industrial average these are remarkable moves the s&p is routinely moving in a 2% range almost every day for the last several weeks we went years not moving in a 1% range. just think about how remarkable it is. back to you. >> that is remarkable considering how it was all last year so, quiet. thank you, bob let's turn now to washington, d.c., where it's never quiet kayla tausche is watching another round of tariffs >> reporter: this decision has created decisions among white house advisers, within the steel industry, and now with capitol hill as well few republicans support the move, but today house speaker paul ryan publicly broke with the president, as bob just mentioned. saying, we're extremely worried about the consequences of a trade war and are urgi

boeing is around 13% below its recent highs caterpillar, meanwhile around 15% below its recent high.n the fast-food front, you have got mcdonald's it's around 12% below levels and home depot, which had been one of the bigger beneficiaries of the recent rally, is now 16% below its recent highs the biggest pullback of them all is retailer walmart which is now over 20% below its recent highs. those are symptom of the stocks that had positive trends just recently but now have stumbled rather significantly ones to watch. back over to you. >> dom chu in the newsroom if you own one of those stocks don't worry, mike khouw has a simple strategy to help you recover some of your losses. est he's at the plasma with the call to action >> some of the most common questions we get on the options side is i own a stock higher than where it is right now is there an option streaming to help me out. i can't go back in time but we might be able to help you a little bit by making more money if the stock recovers. this is an environment you are going to see higher volatility higher options premiums. these a

dave was with caterpillar for 35 years? 33 years. brought him in. he's been there for a short while. he wants to build it back up. can say little bit to the room into the press about u.s. deal, where they were, where they are going, and what did you think of what we're going to do? >> thank you very much, mr. president. thank you for your leadership on this issue. this is vital to the interests of the united states. this is our moment. and it's really important that we get this right. the alternatives that the commerce secretary presented were all good alternatives and we trust your judgment. been -- thatip has has been shown on tax reform, we trust her judgment on this issue. we know when it is completely unfair. we are not protectionist. we want a level playing field. it is for our employees that support our customers. president trump: for the company, the workers, and even the security of the nation. tariffs, they dump massive amounts of product. we are not the beneficiary. the shipments go on that you are well aware of. we call it the whack a mo

caterpillar was down 5%. people talk about the cost of steel. be able to absorb that without much problem. i saw one analysis of the could be a 4% hit to earnings next year. the bigger concern is that half of the sales come from outside the u.s. it's not the immediate effect, it's the follow-on effect. >> right now the stock is down about 1.3% but had an enormous year last year. bowling is the same thing for this blows up it would be tit-for-tat. >> will be hard for manufacturers who are only thinly profitable now. but the large manufacturers will do okay but a trade war will totally change things but this was a concern we didn't have months ago. who are the companies that have high overseas sales? what companies with a target? >> we know you targeted bourbon and motorcycles because they were going after nancy pelosi, mitch mcconnell and ryan to put the pressure and trump. that being said, a trade war, lasher we had a 375 trillion-dollar trade deficit. where will china get that money from? >> i just don't understand why we are taking such rash m

a lot of options for what these guys do as we talked about last bloc, in the case of boeing and caterpillarthese names have had fabulous runs. in boeing's case it's defendable in terms of the global picture and the valuation, it's very impressive, whereas caterpillar, they have a lot of global competition. you want to go out and buy farming equipment or construction company, you can go all over the world so that would be a name i worry about. gm and the autos, this is an opportunity to pick these things up i think you're going to get fresh data points when we get first quarter numbers to hear that these guys are clicking along, and maybe the outlook changes. i doubt it >> i have two questions about boeing >> ask them slowly when you ask two in a row, it confuses us. >> maybe split it up between those two guys too >> if there are tariffs, won't their input costs go up and therefore their eps would have to be racheted down no matter what the order book says >> i'm glad you're asking these guys >> you rachet it down, but by how much if you look at the recent guidance, boeing raised guidance fr

boeing is around 13% below its recent highs caterpillar, meanwhile, around 15% below its recent high.n the fast-food front, you've got mcdonald's, around 12% below those levels and home improvement retailer home depot, which had been one of the bigger beneficiaries of the recent market rally, is now 16% below its recent highs the biggest pullback, though, of them all, of that screen that we saw, is retailer walmart, which is now over 20% below its recent highs. so melissa, those are some of the stocks that had positive trends just recently but have now stumbled rather significantly, ones to watch back over to you. >> all right, thanks, dom. dom chu in the newsroom. >>> well, if you own one of those stocks, don't worry, because professor khouw has a simple strategy to recover your losses mike's at the plaza with the "call to action. >> hi, there one of the most common questions we get on the options side is i own a stock, substantially higher than where it is right now, is there an options strategy that can help me out? i can't go back in time and fix a past mistake, but we might help

right now it is down by 1.15% or 288 points and the dow laggard is exxon, caterpillar and ge and weak sales by the discounts, dollar tree and ross stores and best bay dollar tree on the the worst day in years and that is down 16%. and steel stocks seeing a move u.s. steel and nu cor falling. and bitcoin back below 10,000. down 9% of a session over to brian sullivan in houston at the big energy summit oil is in big decline. >> it is a hot topic here today as well as have tariffs and nafta and the news of the white house and oh, by the way sh the expanding role of electric vehicles on an oil world we'll talk about that with the ceo of shell the biggest single cash generator bumping exxon down to two and why investors seemed to have abandoned energy stocks and why they shouldn't and by the way, another stash ta -- cnbc with the ceo. >> here on the floor of the new york stock ex change we saw that comeback and we're going back to session lows. >> the market is realizing that the tariffs are part of an initial salvo trade. and they've been in denial people are saying this is not going to e

a massive company years ago, and got smaller and smaller and smaller, and dave was with caterpillar for 35 years -- 33 years. and did a great job. they brought him in. he has been there for a short while and he has -- wants to build it back up. dave, maybe you could say a little bit to the room and the press about u.s. steel and where they were, where they're going, and what you think of what we are going to do. >> thank you, mr. president. >> thank you. >> very much for the leadership on the issue, and commerce secretary, thank you very much. this is vital the interests of the united states. this is our moment and really important that we get this right. the al concern that commerce secretary presented well good alternatives and we trust your judgment in terms of the ones to be selected. we believe that the leadership this administration has shown on tax reform is outstanding. the elimination of buschcracy is outstanding we trust your judge on this issue, and having been somebody that has global views and believes in free trade. we know when it's completely unfair. we are not protectio

army worm thrives on corn it's favorite food the female lays hundreds of eggs after hatching the caterpillars eat their way right through the plant when they hated the adult flies on to another field in the process repeats combating the pest is difficult. when it needs a two pronged approach one of them is biological control resorting to natural enemies that we're going to introduce in a second stage chemical control are used but that we would need to import pesticides. but pesticides are expensive and not many farmers who can afford them cape verde prefers using local plant based and bacterial insecticides at least to begin with and where born crop spraying could be helpful the un's food and agricultural organization says the greedy pest could also become immune to the chemicals. that was g.w. business thank you for joining us from member we're always on the web at e.w. dot com see you next time take care go back. to. climate change. sustainability. environmental projects. globalization. biodiversity species conservation exploitation. human rights displacement slowed the global and local act

dave was with caterpillar for 35 years. 33 years. did a great job, they brought him in. he's been there for a short while. and he wants to build it back up. dave, maybe you can say little bit to the room into the press about u.s. deal, where they were, where they are going, and what did you think of what we're going to do? >> thank you, mr. president. and thank you very much you for your leadership on this issue. and commerce secretary, thank you very much. this is vital to the interests of the united states. this is our moment. and it's really important that we get this right. the alternatives that the commerce secretary presented were all good alternatives, and we trust your judgment. we believe the leadership this administration has shown on tax reform is simply outstanding. the elimination of bureaucracy is simply outstanding. we trust your judgment on this issue. someone who has global views and believes in free trade, we know when it is completely unfair. we are not protectionist. we want a level playing field. it is for our employees to support our customers. and

. >> caterpillar reported a ridiculous number late december early january.he stack had a run up and trade poorly this year until what recently has been a good tape. you have to wonder is caterpillar, has that been trying to tell you something over the last two months as opposed to boeing and the tariff news. >> the moves in caterpillar and john deer and boeing, big industrial companies which should do fantastic in a global economy that's recovering, they have caught so much fire they have never been run better, never been leaner and meaner the other thing i would throw out that are troubling markets you throw in tariffs on top of a lot of volatility in washington. here's all i will say. this is apolitical the prospect of losing the triple threat in washington, which is both houses and the executive branch meaning one of the houses is gone in the midterm election is a major deal for this market because that's been a major deal for getting taxes through. for the sense that this administration can do what they want, which is market friendly so if you lost contr

caterpillar down on the bottom. the big industrial companies. boeing exposure to china and the world economy, concerns about tariffs and what that could do and things become more expensive. across the board, we have 30 dow stocks all trading lower this hour. the dow itself now down 501 points. take a look at another laggard on the tech sector. facebook, the founder of facebook, mark zuckerberg going on a media blitz to respond to a data fiasco. did he make matters worse? what was the performance like? two of our favorite techies will be here to discuss the fallout and what it could mean for facebook's future. "countdown" coming right back. [ phone rings ] hi, tom. how's the college visit? does it make the short list? yeah, i'm afraid so. it's okay. this is what we've been planning for. knowing what's important to you is why 7 million investors work with edward jones. . ashley: well, guess what, the dow at session lows, it went down, there you go, hit a session low, down 520 points, it's been picking up momentum in the last couple of minutes. to

dow cutting its losses nearly in half goldman sachs, caterpillar and 3 m dragging us lower. boeing downely0 cka are.n ar 1bus >>> welcome back breaking news out of pershing square they dispose their stake in nike the firm a gain of about $100 million on that position, however still down about 6.2% for the year through yesterday melissa, back to you >> interesting timing. >> once in a while he makes money. >> he does, yeah obviously he has a track record until recently but nike reports this afternoon. so that is interesting should facebook and mark zuckerberg be worried advertisers are going to leave its platform two top ad execs weigh in and listen to what roger mcnamee says the company needs to do >> the advice i've given them is to look at what johnson & johnson did when somebody tampered with tylenol in the '80s they took every bottle off of every shelf and they kept it out until they could figure out tamper proof packaging we owe johnson & johnson for that and for facebook, it is a similar situation. they didn't do this stuff. but it was their platform and these are thei

caterpillar among the worst. boeing, general electric, and nike. caterpillar, boeing and general electric are major, major exporters from this country. nike is, too, but remember a lot of their products are made in china. so, they are getting it both ways. if china imports -- imposes trade restrictions on america, the caterpillars, the boeings and ges get affected. imposing tariffs on things coming in from china, your running shoes, sneakers, a pappl get affected, too. i spend time telling people about the markets and not worry about normal fluctuations. 3% is not a normal fluctuation. this is a reaction to potential trade war. i won't see you until tomorrow 11:00 eastern, 8:00 a.m. and i'll be back saturday morning. thank you for watching. "deadline white house" is up next. john heilman, it's all yours. >> hey, ali, i don't want to take it. i want to ask you a question. you're freaking me out about how you say don't worry about the market but i should be scared, right, because of this correction? i'm doing the math here. i've lost -- i'm down to a

industrials like boeing and caterpillar, the nasdaq closer to a record high meanwhile.rd high this year for the nasdaq hear those check features and tell you what's going on this morning that the momentum on the upside. dow industrial up 60 points, one higher. s&p and not back also in positive territory. investors weighed on the inflation data. expected to be had by two tenths of 1%. a lot of focus on inflation. we will focus on it as well. europe markets edging higher. ft 100 up a fraction. cac up one half of 1% in the dax up 22 points higher in germany. marcus perform mix. the shanghai composite with the hang seng in hong kong that two thirds of 1%. the kospi also higher. battleground day pennsylvania. voters head to the polls in a key congressional district today. another primary test for president trump. things than just an hour before the polls open taken a pennsylvania. a series of deadly package explosions this month leaves two people dead, more injured. the >> just a loud, loud boom. >> it just went shooting now. maria: the latest from the scene and a warning fo

caterpillar, we took a look on the week. once a weakness. into the town, it is interesting, the 10 year yield is down one basis point. that tells us the haven bonds are rallying. it is a 2.85%. looked -- looking at this relationship that when yields go higher, that is a bigger focus as opposed to the direction of the bond. when yields go higher, there is a risk component. the yen at sharply higher against the dollar. the dollar is down against that haven yen. but tells us early money is looking for a haven asset -- asset class. the vix above 20. now up 32% on the week. technically, there is still the possibility of a super spike. stay tuned. scarlet: we certainly welker thank you so much. let's get you to first word news with mark crumpton. mark: the justice department's number two is defending the department's leadership as it continues to face criticism over the russia investigation. the beauty attorney general rod rosenstein, who is leading the them that history will show that justice has acted with integrity on his watch. president trump

leading them was caterpillar, which sells equipment to china, and boeing, whichjust signed a deal whicheopardy. these multinationals made all the stocks lower as everyone holds their breath, waiting for the retaliation that china has now said it will eventually, when we have details of us sanctions, it will retaliate in kind. everyone in wall street is waiting. investors are worried and the market is reacting asa worried and the market is reacting as a result. john miller in new york on the us market for. the american apparel and footwear association represents more than 1000 brands. the chief executive is not optimistic tariffs will achieve their desired effect. if we could vote like the stock market voted today, we would vote "no." it is not a good thing, especially for the industry. you do not fight intellectual property by putting on tariffs. it does not work and it is not a good idea to pick in our industry, seriously, believe it or not, 51% of all tariffs collected come from our type of products. this would be devastating if you put another 25% on top of it. it makes no sense. it

caterpillar and 3m and boeing. a big move for one day here. yet, overnight, a contradictory move by president trump. showing he is willing to dodge a trade war with some allies. trump is suspending steel and aluminum tariffs from the eu and six other countries while they discuss ways to discuss production capacity. >>> secretary of state rex tillerson diffelivering a heartt good-bye. the secretary appealing to the staff he led for barely a year to maintain inn at ttegrity abo an. >> this can be a -- above all. >> this can be a mean-spirited town. but you don't have to choose to participate in that. [ applause ] >> each of us get to choose the person we want to be and the way we want to be treated and the way we will treat others. >> president trump fired tillerson as secretary of state last week. tillerson officially leaves his post at the end of next week. a not so veiled shot at the president? >> no. his take on the do unto others is something people were talking about yesterday. >>> tensions rise after the police shoot and kill an unarmed b

serious when it starts cancelling boeing jets, or when it puts tariffs on heavy machinery from caterpillary beans, all of these things it knows it can really hurt the us economy. people who voted for donald trump, some of those people are going to find their own products are going to be tougher to sell into china following the retaliatory measures from beijing. just giving you a picture of where beijing will impact. there's the pork. 0ne beijing will impact. there's the pork. one of the obvious targets outlined at the moment. and now we speak to david collins. thank you very much forjoining us. david, thank you very much for joining us. we have some clarity he now, we know where he is not going. the fact that he is doing this is not much of a surprise, it is a bad thing, it is a bad move for the chinese economy and the american economy, you absolutely right that it is going to harm american consumers but behind all this there isa consumers but behind all this there is a point to be made that china has not always played fair in trade. and this is the problem, he was very clear that this is

borderline, so caterpillar will absorb those. caterpillars prospering right now.consin? paul ryan is from wisconsin. they need more infrastructure and infrastructure is not happening at the moment. this is the company that had a property of just $9 million last year. i'm sure it may have sold off earlier. >> believe me for looks less likely it's good for them. if you have a 25% tariff, and that could take away a quarter announced by jpmorgan. a quarter projected earnings for next year. this is a company trying to make a go of it. >> .iran. that's interesting. to read today as this is less likely. we'll come back. we also have a story to send the anti-trump tax. not being called out for what he did not do during the clinton cleaning investigations. added more straightahead back on cavuto coast to coast. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...sav

boeing and caterpillar among today's losers, accounting more than who% of the dow losses.and s&p up. both directly affected by the proposed trade tariffs. straight to trading floors. phil flynn with oil and gold in

machinery goliah caterpillar is closing a parts factory in waco texas which employed two hundred people the shutdown as part of a downsizing by the company which began in two thousand and fifteen and seeks to reduce employment by ten thousand workers thereby reducing capacity by ten percent next on the potential chopping block is a plant in la grange illinois which currently employs six hundred people a determination on that. plant will be made by the end of this year. that's coming up in the u.s. and if you've been investing in crypto currencies plan on budgeting more time for preparing your return that's because the internal revenue service is finally catching up with crypto currencies and block jane technology and coming to claim unpaid taxes on crypto profits last november the i.r.s. issued a summons to the online exchange point base demanding all records for transactions in amounts greater than twenty thousand dollars between two thousand and thirteen and two thousand and fifteen court records indicate that the request wouldn't compass data for fourteen thousand users of the site c

caterpillar worldwide retail sales up 33% last week target said january retail sales was up. so i just can't get too negative >> if i said, okay, president trump puts the kibosh on qualcomm/broadcom, it appears that this china/u.s. relationship is boiling. if it boils over, the potential ramifications of that are huge are we being too glib in the way we're just sort of dismissing what could be a major issue? there's the issue of china buying our treasuries, there's trade issues that need to be dealt with >> no doubt about it if we go into a trade war with china, it's bad. it's terrible. i don't know if we're going to do that. i think certain sectors in the market will hold up better on a relative basis the whole reason why industrials were so terrible yesterday and they've actually been not so great all year other than defense stock because i think people are concerned about china. that's maybe not a group that will outperform. will tech continue to perform? i sure think so because i think that secular fundamentals are very, very strong. >> doc >> business roundtable ceo q1 r

caterpillar and 3m and boeing. dow is set for a triple digit decline at the open.e by the president. he is willing to dodge a trade war with allies. the president suspending steel from the eu and six other countries while they discuss production capacity. this is a china story. for years, companies have complained about really terrible behavior by the chinese companies. chinese government against american interests. is this the right strategy to have? the stock market says no. >> tame response so far from the chinese. >>> ahead, tensions rise after the police shot and kill an unarmed black man in his grandmother's backyard. protesters blocking thousands from getting into the nba game. next hear from the owner of the kings and his powerful message. and when youod sugar is a replace one meal... choices. ...or snack a day with glucerna... ...made with carbsteady... ...to help minimize blood sugar spikes... ...you can really feel it. now with 30% less carbs and sugars. glucerna. if you have moderate to severe or psoriatic arthritis, little things can be a big deal. tha

they're up and up dramatically today as is caterpillar, another big international company that has sales all over the planet. these companies are doing well. that tells you what's going on with trade is importance in the markets today. >> shepard: and a settling just in general. the markets are not specific. the markets in general, you've been schooling me for years since you moved over from the bad place, you've been trying to explain that it's about nerves and fear. sometimes it's completely irrational but very real to the market. >> that's right. absolutely. ken, you taught me this, too when we were in different bad places at the time. but to be sure, anxiety drives trading. you change things, everything sells off. you don't know what it means. >> shepard: one of the things that we've all observed the last couple years is this incredible rise of the markets. rise of the markets. the folks at fidelity and places say the little guy and gal missed it. they missed the up. they were out of the market. now they get back in the market and the market slides. >> people have a lot of scars from

watch boeing watch caterpillar. >> boeing is up. cat is up. >> really?>> these are fractional movers >> but i'm looking at the trade stocks that people think of. and, you know, i got to tell you, there are so many companies that are doing well that i just -- it is a little scary to be able to say you know what, everything will be blotted out by a trade war but that is what people are worried about. and i think that to be not worried is a little oblivious. >> i wonder if -- i know larry kudlow is getting up to speed in the white house. i wonder if his voice is needed in some respects to at least be heard from to maybe leave some of the fears that are out there about, you know, what is going on, certain aspects of geopolitics. >> my take is that it is very much needed. i felt that the walk backe by t -- i think there was a quid pro quo. he has agreed that going against china is good, but he will not agree that there should be tariffs in europe. that is my understanding and i think that is really important. >> maybe one of the keys to the market today as we

chevron, jpmorgan chase, caterpillar and cisco.y good cross-section and a lot of those were sectors we saw good job growth last month as well. >> and it's sentencing today for pharma bro, martin shkreli. >> reporter: a judge sentenced him to seven years in prison for securities fraud that he was convicted of last august that will include credit for time he's already served he's been in prison for six months when his bail was revoked in september after bizarre facebook page to pay some of his followers to grab hillary clinton's hair he'll have to pay a $75,000 fine and be subject to three years probation after his release. the judge ruled he will need to forfeit $7.4 million he obtained he was convicted back in august. these convictions have to do with former hedge funds he ran and a former biotech company not the thing that made shkreli so famous, raising a drug by 5,000% the government was seeking jail of 15 years. his defense attorney spoke with us briefly outside the courthouse earlier >> i think he will get the benefit of every

you have boeing and caterpillar closing down more than 5% yesterday. u.s. plunging nearly 11% big stock moves. stick around much more on that seofllf when "worldwide exchange" returns after this break - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. >>> market alert global stocks in selloff mode as fears of a trade war slam stocks we're breaking out your protection playbook. >>> another big shakeup. the president's national security adviser is out. we're live in washington with details. >>> and how small businesses are reacting to the new tariffs. it's friday, march 23, 2018. you're watching "worldwide exchange" on cnbc.

liz: bad news is good news for caterpillar investors.closing bell ringing in 38 minutes, a widely held stock, it's a dow component, caterpillar closing two facilities in texas and panama. 880 jobs on the chopping block. bad news. but investors see it as good news so it is second in the league of the dow 30 right now. adobe jumping 3% after adding more subscriptions for creative cloud software suite than expected. eight brokerages raising price target and look at the stock at $225. three years ago, i checked, it was $70. bank of america calling it the highest they expect to see it at 273 bucks. a while to go before we get there. >>> up next, we take you live to the scene of the deadly bridge collapse in miami. ashley webster has developing details on the crucial mistake made right before it came down. . liz: all right, we need to get back to that deadly bridge collapse in miami. here is the video of the actual collapse yesterday. the death toll now stands at 6. emergency crews working all hours of the night after that 950-ton pedestrian b

look at mcdonald's, caterpillar, travelers, microsoft, those are laggards right now.ald's down 4 and 5%. of boeing, they pay more for raw materials. we have four down days for the dow. we haven't seen that since september. there is winning week for some things. look at retailers, for example, macy's and the gap. u.s. steel getting a pop on the latest news. and also spirit airlines, netflix, those all have had a winning week this week. for the week though the dow is down as nasdaq, s&p. but russell is higher. s&p is now in positive territory. nasdaq moves higher a short time ago. we're seeing things moving into the green at the close. that is a better sign for the bulls, than ending at lows of the day. back to you. trish: thank you, so much, nicole, we're back with more intel. see you here and a special guest that brings big ideas to life. and cutting-edge transportation development to connect those ideas to the world. along with urban redevelopment projects worthy of the world's top talent. all across new york state, we're building the new new york. to grow your busin

the final stop is caterpillar, who make the construction trucks. who make the construction trucks.manufacturing jobs, it means less construction, people do not buy. construction, people do not buy. they do not buy more cars at a higher price, they stop buying. higher price, they stop buying. and if these tariffs are announced next week. next week. those will be the stocks to watch. triple—dip recession over the past decade. decade. you could say that about any year that you want. year that you want. recessions than the democrat any other european economy. other european economy. key thing for the elections, a third of young people are unemployed? key thing for the elections, a third of young people are unemployed ? of young people are unemployed ? will not impact eu gdp or brexit but it matters for italy alone. it matters for italy alone. caused brexit at the trump election, the five—star movement. the five—star movement. they have announced their ministers. announced their ministers. they will probably not make a coalition. probably not make a coalition. probably got about 30% of

in the meantime, boeing and caterpillar are both dow components. now down 500 points.ve been in a bull market. traders are used to a volatility and consolidation in these areas. what they don't want to say is taking out the february 9 levels where we were in correction territory. they want to see us hold that. the other thing that's been causing the selloff is the fear of inflation and rising interest rates. sometimes they seem to be a little more comfortable with the idea and sometimes they get spooked on the whole thing. we are expecting three to four rate hikes this year. we'll learn more on march 24th. we'll watch for that as well. we have a strong dollar. that's weighing on commodities such as gold and oil which are all to the down side. dana? >> dana: thank you. fighting continuing in syria even as the united nations backed cease fire enters its second day. a group standing by waiting to help citizens looking to escape the eastern ghouta region. conor powell is at our eastern jerusalem counsel. >> reporter: people are supposed to be able to leave eastern ghouta t

so if you look at caterpillar, it is a global growth story. if you look at the kinds of companies that are doing well and buying back their own shares, they're companies that have growth stories. i wouldn't try to trade the news i wouldn't try to trade whether we're going to have tariffs or not. what i would try to do if i was an investor trying to play the volatility in here that the news is creating is that i'd say what i do want to own technology, they're buying back shares financials, they're buying back shares buy those on weakness. we'll see more volatility. the market could sell off and retest the lows. use that volatility to buy what you want use the rallies to get rid of what you don't want in your port foll portfolio. it is going to be difficult to trade the steel and aluminum stocks around the news this is a president that's been very unpredictable so trading around what you think he might say, i think that is going to be difficult. instead, focus on companies that are growing their businesses, growing their earnings and buying back