it's caterpillar and 3m dragging the dow down caterpillar shares down by about 6% we also heard fromeet by 12 cents with a quarterly profit of $2.58 a share. it cut forecast by more than that it's talking about numbers it's expecting to see that are well below what the street had anticipated. climbed about 28 cents a lot of that is because of currency issues. they're now saying that currency is going to be a head wind of 5 cents rather than a benefit of 10 cents that doesn't explain the shortfall entirely we've got more we need to hear on that. again, caterpillar shares down by about 4.6% right now. also, take a look at what we're seeing with shares of caterpillar. joe's going to talk more about that >> caterpillar was above on the bottom and top line. so let's figure out what is responsible here joining us now on the "squawk" newsline, brian langenberg so they looked like they were at least saying they're still comfortable with their guidance. what's the problem, brian? >> well, the results are fine. when i go through the ref knvens not just by segment but the geographical region, i

a little lower after 3m and caterpillar came out. caterpillar was heard on margins. bad news for those big industrial companies. the euro-dollar is up .1%. there could be an offer to the u.k.. we don't have a ton of clarity on what that means. it is helping the market in the euro as well. you can see that in the tenure market, the yield is down five basis points. crude is really getting whacked. the saudi investment conference, aramco says we can get to 12 million barrels a day. it sustainable. it we will backstop the losses from iran. saudi arabia has other things on his mind than just the price of oil. they are making nice. it's time now for the morning brief. we are going to hear from several federal reserve presidents. morning, the european commission will announces they will reject the italian budget, that would begin a process of negotiations. at 8:00 tonight, the world series starts. alix: a third of the companies will report in the s&p this week. it's been a rough day for some the early movers. 3m is hurt by a percent as well. join us is lisa. i want to start

caterpillar was one bellwether we were looking out for. the question hanging over investor's mind is whether we hit peak earnings or not. the sentiment is that is a yes. with caterpillar for example, those steel and aluminum tariffs donald trump put in, that is leading to more expenses when it comes to caterpillar making those machines it is known for, those bulldozers, those trucks. caterpillar saying tariff related costs could come in at $100 million. compare that with 3m, expecting something similar to that degree. caterpillar also saying they are going to raise prices as much as 4% next year. they are not going to eat those costs, they are going to pass them on to businesses and consumers. hop into the bloomberg terminal, because i want to show you how the share price has been performing. in the white line this is on ever to be the worst month since 2009, righ duringt the financial crisis. investors are worried the trump trade war with china is making things worse. growth, china slowing also possibly exacerbated by what is happening wi

look at caterpillar earnings, 3m earnings. caterpillar hat great earnings. q3 was the best ever. concerns are they didn't raise guidance. valid concern. maybe we're at peak earnings. that is far cry from being in a recession. people -- neil: to matt's point, i found this fascinating, he didn't, used to say we slough off the worries and focus on the good. now we focus on the worries and slough off the good. is that seminal shift or brief one? >> i think the market was unprepared. people were prepared for a bond bubble. prepared for the economy to be too hot, fed to raise rates, moving into cyclical names, tech names, moving into companies not making money off ipos. they have to have a balanced posture. earnings may grow at the clip they weren't expected to grow at. trade concerns, earnings were not the only issue today but they were the catalyst for the selloff with 3m and caterpillar. the big issues we have the geopolitical concern on trade. earnings is where we are playing on field. input costs could be a concern and could be remedied if we get through trade and midterm election

dagen: i want to point out caterpillar is down -- caterpillar and 3m shares premarket trading down if the dow components that reported what stocks are doing premarket we can look at that right now you can see caterpillar down more than 7% four year guidance is also coming up short, and investors seem to be concerned about its warning, are about costs, in the fourth quarter price realization operational excellence cost discipline to more than offset cautious about higher material freight costs including tariffs, so again, caterpillar said the cost of the tariffs came in, at the low end of expectations, for the quarter but nevertheless these rigs costs are hammering american manufacture 3m reducing its guises mcdonald's better-than expected stocks, its stock up 1.4% free market trading if you look at stock predictions the reason a 3m has outsized impact on dow that is higher priced stock dow 30 works prize weighted index the higher the price of the stock, the more impact it will have on the overall industrial average. so that is why you aren't seeing that -- that, you know, the good new

especially caterpillar. hinting at the concerns a lot of people had about the trade tensions that higher costs. targeted specifically at row material costs, labor costs, transportation costs. some related to the tariffs. is clearly all about italy with the european commission. coming out with a negative opinion on italy's deficit. i think it was not a surprise that the european commission would push back on this. it was pretty aggressive wording. that kind of is the last leg. some people looking at the 50 week moving average or the 55 week moving average. both of those have been breached as well. the 2700 level the s&p seems to be clinging to that it's hard to say where from a technical standpoint the buyers will be happy coming in. i think we've done 27. we have also taken out the october 11 low as well. how important are those kinds of levels. taking a look at picking up some theks on the cheap or stocks will discourage them from doing that. >> i think they are more important on slow news days when there's

caterpillar and 3m, a big cloud over the market.uestion, is this the peak of industrial earnings for the first time since 2016, cat did not raise guidance even though they had an 18% sales range. they cited the tariffs and increase costs as part of the problem. 3m did something similar, harley davidson hitting a six year low with sales of 13%. look at the bright spot, tesla moved its earnings up to the the 24th. many believe he don't move earnings up if they are bad. so a lot of anticipation there. positive earnings from mcdonald's, australia fueling growth, verizon with a positive result, whirlpool reports again on wednesday, a lot of anticipation even though the stock is down. 500, the 200 day below again and it continues to be a key question, can the market get back to above support? shery: and we also had a disappointing outlook from texas biting into the chip rivals as well. each of momentum has been a big question. look at after-hours and see how tech investments are doing, not so well on results that it missed across-the-boar

you start saying well, and i am saying overly -- caterpillar at 118 is not the same at caterpillar at58 it is a cheaper company. it is less and it is not like it is ge. i feel that everything is ge you are not freaked out about losing the 140 and 135 level that have been a support >> a lot of line in the sand let's say you got a plethora of fed figures, right we made some comments that we said that were definitely going to no matter what and add to three rates. maybe we are not going to be monitoring this. looks like some of the earnings we are seeing may not be as good a monitoring is worth and the vix did not take out my 25 level. it is not taking out the 29 level that we had last week. the vix is going to very accurate predictor of too much fear we are not going up anymore in the vix. the vix spurts of 26 yes, problematic i am trying to get so the people do not sell to a vortex and a whirlpo whirlpool. >> i did want to talk about a particular company, remember buyer the german company bayer spent forever trying to acquire -- now, they may find themselves wondering why it was a case

dagen: i want to correct something said, that it is caterpillar talking about 2018, expects the impact of the recently imposed tariffs to be at low end of the previously provided range but that range is 100 to 200 million dollars, caterpillar did warn about material costs in the quarter were higher because increases in steel prices and tariffs, so, again, that -- this -- if you can't pass along those precise increases to customers it hits your profits. maria: right it is also a big week for technology, we are going to hear from microsoft we will hear from amazon, as well as twitter, tesla is reporting tomorrow, and, of course, my interview with oracle ceo, join me tomorrow, for this interview you don't want to miss it tomorrow 6:00 a.m. eastern, when i speak with mark hurd what he is

caterpillar earnings have been strong through the year.y've been up to stock responded earlier in the year because reports were strong. it is really about the forward looking statement, what impacted these cost increases going to do, and how was the weakness in china economics system right now going to imract companies like caterpillar. we think earnings may be strong here. but we think there's beginning to be a weak outlook verbalized today and that's what could weigh on this stock. >> mark avalon thank you for your perpghtive this morning. >> always good to be here. >> get your helmet on. this is on. needs to be today look at the dow. >> here are futures again folks i want to show you a lot of stories we're following but this is a big one dow 314 on premarket and three quarters nasdaq down 115. and three quarters so right now nasdaq is weakest market that we're waving. >> it was winner yesterday. >> yeah so a lot going on we're with also tracking a red hot race in kansas. for the house -- >> inside that presidency house in senate, and a

caterpillar talked about that.you think about the supply base, they think they can get productivity out of them and concessions, and they're going to continue to drive productivity with tech changes, repatriation of funds, morre is going into r&d and capital programs so corporate america has done a great job and we should be cheering for what they have accomplished i think the external events, saudi, tariffs, some of the issues with midterm elections are having the negative impact, and has the market a little jittery. it is unfortunate because we have had steady, sustainable, predictable improvement month after month, quarter after quarter, year after year >> bob, i guess a lot is riding on the next productivity print, right? if the supply side experiment will work, that's the confirmation, isn't it >> i think so. again, in proof positive, you look at what they have done. we have seen rate increases. and i guess the feds are trying to potentially get in front of it so they don't have to try to catch up last thing t

analysts are very positive on capital -- on caterpillar.ess we get drastic downgrading which i don't know if it is likely, why are investors low? are i think investors playing a macro look. if they say caterpillar saves -- says 20% margins, then that tells him there is room to grow in the economic recovery in the global recovery. now they are showing their margins are shrinking. when you see those margins shrink, then obviously people are playing the stock and saying, maybe this is not something we should be excited for in the future. the peak question comes back and they say maybe we are past the peak, even though caterpillar is growing. they keep pricing in something more than growth. outsized growth. theie: is this a case where chief executive officer starts to get nervous? activists are out there waiting for opportunities to deploy cash. joe: maybe. i think they have been clear about how they will do things. they are not overproducing. they kept pointing out that backlogs are not like they were back in 2012 when things went high where -

and that sent shares of both caterpillar and 3m lower. morgan brennan has the details. >> reporter: 3m's disappointing results rippledinhrough the strial sector. reporting slowing sales across the board in health carend consumer segment for which sliding consumer products ses in china mentioned on the call. currency is a headwind so rising costs. the reason make he the coastings now expects the roughly $10 oh million dollar headwinds from tariffs. still 3m expects to offset the cost. >> our view is we have a, sr.il $100on headwind from tariffs and that our price will go more than offsetha and raw material prices increases into 2019. >> that's really the theme for industrials so far this season. higher costs, versus higher pricing. and what that means for mrj margin. take caterpillar which beat and reaffirmed the outlook. the stock still tumbled in trading. why it's more expense toef manufacture those earth moving machines. but management s did costs headwinds willome in t lower end of previous guidance and higher prices from tariffs will

caterpillar shares fell the most in a decade.at on earnings, but investors were not enthusiastic? >> the etf fell more than 10% earlier and is now still down around 7%, dragging on the dow jones. you can see caterpillar is the worst performer on the day. are not many good movers for the doubt, but it is the ight on the dow. caterpillar reaffirmed the four-your guidance for 2018. investors did not like that. they were hoping for something more. caterpillar went on to say they don't expect to be at the bottom of the range, trying to allay fears.r the market is focused on whether we are reaching a peak. how much of this is input cost and how much is trade? >> caterpillar said the trade war is having an impact due to the high cost on steel isis. they have increased their prices to offset that. but they may not be able to do that quick enough. what they did say is that the tariffs cost $40 million in the third quarter. they also said that trade is feeling some demand. positiveill fairly about china, going into next year. david: the go

. >> i'm glad you mentioned caterpillar. it's still a decidedly down day for cat today. morgan brennan has more from the call, a call, morgan, stephanie link took some positives from. apparently the market did, too >>> i think that is safe to say given that we are off lows of the day, down about 6% right now. some of the biggest takeaways, the ceo of cat saying normal seasonal trends for china is what they're seeing. they feel good and many end markets are in the early stage of recovery. they feel good about the state of their business. they did get into a lot of detail in terms of some of the costs, the head winds we've seen in terms of higher manufacturing cost that is dented this stock and a number of other industrials today. to that point saying that they had previously guided in the last six months -- that the last six months of the year they would see head winds of $100 million to $200 million. they believe they'll be on the lower end, that they don't expect a major impact because, quite frankly, we were already hit wi

to caterpillar, i also told you already that caterpillar had a really good third quarter, but it fell to multi-year lows as the industrial giant reported disappointing 2018 guidance due to rising costs, they say, caused by tariffs. right now the stock is still down about 7%. here's what the company said. quote, manufacturing costs were higher due to increased material and freight costs, primarily due to increased steel prices and tariffs. so as we start to hear more of these stories, remember yesterday we had polaris, we will tell you more about that. they are worried about the chinese tariffs and all kinds of issues. we are getting more granular indication of how tariffs are hurting some of these companies. boeing also being hit by market headwinds on the tail of caterpillar's earnings. the airline manufacturer now dropping just under 1%, just a day ahead of reporting third quarter earnings. while the company was the best performer on the dow last year, shares are actually down more than 5% so far this year. take a look at the ten-year treasury note. this one's been on the move. okay

take caterpillar which did beat.s outlook stocks still down about 6 1/2% right now. why? it's become more expensive to manufacture the earth-moving machines it makes. cost headwinds will come in at lower end of previous guidance and that they don't expect a major impact it's already baked in. cat plans to raise prices to make up for awful those costs. similar story for united tech which has been largely trading higher which said it will hike price as cross its portfolio as long as tariffs are in place >> morgan, thank you so much for that with 74% of the s&p 500 now in correction territory and 2 pun of those stocks in a bear market, are there values out there for investors? let's bring in kate warren she's the investment strategist over at edward jones also noah blackstein, portfolio manager at dynamic funds kate, we'll start with you ladies first as we look at today's sell-off, are you advising clients to add to positions and if so what should they be adding to? >> we are advising clients to add to positions if they

the big stand up this week was caterpillar.hat triggered the deep selloff that we saw in unbelievably bad week for the equity? >> i think it is mostly about market psychology. the stores and society in market rent out. given that this is a company that services the mining industry and construction, it is so linked to the global economic pictures. have any concern about the global economy, especially after the imf, caught the global growth forecast, then it is making investors jittery. that is what people are exiting. its best quarterly profits since the third quarterly pocket in history. >> really ignoring the positives on the quarter. the cfo did say a company with a $50 billion top line, you can't grow that fast forever. it is not feasible. it becomes of the mass in the end. is it just the numbers and mass or is there a fundamental global growth issue that commodity world needs to take into account? >> if you go by what the company is saying, they are not seeing the impact of the trade war and all this concern about china. if

and while the markets recover just at the end there yesterday in new york what is it about the caterpillar earnings report that helped put this market sort of in a funk well first thanks for having me back i really appreciate it and the last time when you asked me if i thought we were done going down i hope you remember i said no good advice to your listeners i feel good about that now in terms of caterpillar they are an example of the biggest loser in the trade war because everything they want to buy is becoming more expensive and all of their customers are. being able to take advantage of cheaper alternatives so they're the perfect the loser in this trade war example but i don't think caterpillar is to blame for what we're seeing in the markets i think it's a technical breakdown we fell below. the significant trend line that we hadn't broken in over two years and again i don't think all the selling is done and what about microsoft i mean we you know the techs of been sort of the darlings of the street for the last couple years and and you know microsoft is one that people are looking tow

if you have a miss, that gets brutal, just ask caterpillar, 3m. 's earnings coming in line with estimates. share, so the forecast misses the midpoint estimate. is the tugbig story and pull. they have more cost to deliver these packages, but they are investing a lot in inefficiency. -- in efficiency. g the coming up, pickin winners and losers. we will break it down with our guests. the damage we saw yesterday on the equity markets. this is bloomberg. ♪ ♪ alix: the s&p 500 down 6% from the record close last month. individual stocks bearing the brunt of this rolling bear market. s&p,w an 18% drop for the worse than february, and we are close to that decline in 2015, that 22% level. i want to look at the technicals. us on the phone now. i want to talk about the lows for the s&p and the new four-we close for stocks. what does that take you about the direction of the market? declines,steep market it is important to focus on what the individuals dock is doing. often those individual stocks give us the warning the selling is about to start, but gives you

disappointing earnings from 3m, caterpillar.gher input costs for caterpillar because of higher tariffs. freight costs go up because of the tariffs. hence they reduced earnings out look going into the next year. 3m, similar concerns. think about earnings compared to 2018, which were stellar. you trade on market, forward thinking, forward expectations, when 2019 will not look great compared to 2018 which has been outstanding, that is when you start taking money off the table. stuart: our viewers are faced with, when, i think most of our viewers are investors. ashley: yep. stuart: i think some have money in the stock market. ashley: yes. stuart: i'm sure some have done pretty well. ashley: gotten used to do that, yes. stuart: last two years, we've done pretty well, the question for everybody is the same. do you take some of your money off the table? and take the profits? ashley: shah ghailani said if you're long-term investor it's a blip. if you're short term, worry about the next day, you start to worry. most people are not in tha

caterpillar is down today. >> we did look for the companies most correlated to caterpillar's performancee group was made mostly of industrial names first up heavy duty truck manufacturer which released earnings this morning. stock has fallen among other names. deer, cummins set to report earnings in the coming weeks boeing is set to report tomorrow morning. >> thank you coming up we discuss today's wild market action and why it may be time to rethink what's in your portfolio - 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. >>> hello everyone at a meeting of the nation nalt space council vice president pence warning that national skuf security threats

caterpillar, 3m had earnings report. caterpillar was pretty good to charles's point.it. that has hurt the stock, down 7%. 3m missing on earnings and on revenue. down 4%. and look at nike number today, down 2%. us coming back a little bit. as are to the energy shocks,. chevron down 3% down today. maybe, as we head towards the close, hour and 15 minutes. maybe can turn it around. not holding my breath but never know, charles payne. charles: real estate slightly in the green, consumer discretionary and consumer services not far behind. we have a long way to go in the session. ashley. >> thanks very much, charles. charles: one hour from now secretary of state mike pompeo will be speaking to the media. could he provide clarity on what will be the white house's next step? this after the turkish president said that khashoggi's murder was indeed planned. that's next. making my dreams a reality takes more than just investment advice. from insurance to savings to retirement, it takes someone with experience and knowledge who can help me build a complete plan. brian, my certifie

caterpillar also suggested that it is seeing a slowdown in the future. so with that, that's also what has the market worried. we heard the same thing from 3m and a handful of companies today. there's some worry international companies with the exception of mcdonald's, who had great earnings today, are starting to see weakness overseas that could blow back here. you put all of that into the mix, you end up with these interpretations in the market. the market has corrected a lot. s&p 500 are down more than 10% from the most recent 52-week highs. we're in the midst of a correction. there will be some work needed to do here even if we close up today. >> ron, thank you for your analysis as always. ron insana, cnbc contributor. moving to the other major story, the president's uptick and false claims and flat-out lies. joining me now is jeff bennett. one of the people in it often with the president in the thick of it, you published an interesting piece yesterday at some point the fact checking doesn't work. it stops mattering, particularly in the case of the pr

cheryl: we watched big names, boeing, caterpillar up, 3m, key names.trade goes off the rails, if things start to look like they are not going to be working out with china or dicey, we saw this with canada and mÉxico in the negotiations, does that means they'll be volatility? >> you can expect it, right? >> you can focus on economic indicators all positive data, you to look on the horizon with china and japan now. cheryl: let's listen to what the president had to say about the negotiations last night at a rally. >> what are we doing? we are helping them, we've rebuilt china, they have taken so much money. i like president xi, the head of china but i said, we can't do this anymore, i hope we can make a deal with china, but honestly, who knows, we are happy where we are, very, very happy. cheryl: kind of hard to read the tea leaves as investor. >> this president negotiates like no one else. we have seen it in nafta negotiations, sometimes he's very loud, strong on or aboutor but they negotiate the best deal of everybody deal. i do think china negotiations

caterpillar craters the market. the big turnaround. a plan to fix the rf after a 57% selloff this year. ♪ alix: i'm alix steel. welcome to "bloomberg commodities edge." 30 minutes focused on the hottest commodities with the strongest voices in the business. first, spot on, our take on the big stories. our spotlight is oil's really bad week, hovering near a two-month low. the saudi energy minister promises the country will pump as much oil as needed. >> we have lifted the ceiling on countries and said produce as much as you can, we want to bring production back so we don't have anxiety that has existed in the middle of the year. alix: joining me now is jan stuart. a global oil analyst. so we can that, and a couple of days later, we had the opec meeting, cutting because of oil supply. what did you learn from saudi arabia? jan: number one, clearly, they want $80. they don't want to go too far over. they don't want to go too far down. at one point, pumping all out, and now thinking maybe we should pump less. alix: they want $80, but how do

apple, caterpillar and going higher. caterpillar and going are proxies for the trade war. the fact that these chairs are higher some relief of the that -- relief over that nafta 2.0. of the haven bit play here. we have the dollar trading higher and we have the yen trading higher against the dollar so there is a small flight to a 50 here. gold of 1.6%. it's best day since the end of august. we see over the last year that gold has been sideways and then down. below the resistance that we see in yellow digesting that the sellers are still in charge of gold and with the dollar strength that we are seeing that could be an interesting pressure going forward. thank you. we were mentioning in the headlines. let's talk more about what's happening with the u.k. economy. the pound under a lot of pressure today. this says uncertainty continues to surround the brexit deal. deepd an interview with a the leader who told bloomberg's anna edwards that she won't as at a regulatory check means of breaking the brexit deadlock. we've been very clear all line. we cannot have either a customs bo

. >> bogey saved the day after caterpillar disappointed. >> that does it for "closing bell." >> "fast money" begins right now. >>> "fast money" starts right now. live from the nasdaq market site overlooking new york city's times square traders are the pete narjen dan nathan and guy adami tonight on fast, the earnings wreckage ridges raies as it takes no prisoners process could the sell yofs create the best sells of the year the tesla stock surging 13% bus of something elon just did we will tell you what has ee investors exited it started out looking like total chaos. stocks slammed at the open the dow down 550 points at the lows the nasdaq getting crushed but then just like magic, a reversal of fortune and everything was awesome again stocks staging a major comeback. the dow ending down less than a .5%. just over 1007 points. the s&p and nasdaq snapping back is it a sign the lows are in and is it safe to put fresh money to work guy. >> last night, fresh money to work i like it in certain contexts. in the context. >> not with money. >> for some reason it irritates me. >> do you believe

in the mining industry, the big standout this week was caterpillar.iggered the deep selloff we saw? unbelievably bad week for equity. luzi-ann: it's mostly about the market psychology. there is so much anxiety in the market right now. given that this is a company that services the mining industry and construction, it is so linked to the global economic picture. anytime you have any concern about the global economy, especially after the imf cut the global growth forecast, then it's making investors jittery. that's why people are exiting at a time when the company reported its best third quarterly profits in history. alix: really ignoring the positives on the quarter. the cfo did say for a company with a $50 billion topline, you cannot grow that fast forever. it is just not feasible. it just becomes math in the end. in your work is it just the , numbers and math or is there a fundamental global growth issue that the commodity world needs to take into account? luzi-ann: if you go by what companies are saying, they are not seeing the immediate impact of t

liz: what about caterpillar saying it's taking a bite. >> caterpillar is a multi-national corporation. they chois to manufacture over there instead of here. so they have morris can exposure than others. but on net we are seeing all sorts of companies, not just u.s. companies, but foreign companies locating on u.s. soil. liz: you got examples? >> ford makes announcement it won't open a plant abroad and will keep it here. we have the steel industry. we have u.s. steel opening a bunch of new boilers. we have century aluminum with $150 million in he can pentures. we see this country being a great destination because of the lower regulatory burden and cheaper energy. liz: when you see president trump taking credit for the economy now, what's your unis reaction? >> i text lol. i guess the point is that if you go back and look at some of the clips of me during the campaign or prior to that. i said repeatedly president trump did not understand the economy. he didn't think about it or care about it. if you think about president trump all he thinks about is how to put this economy back together

why isn't boeing good enough caterpillar has its best third quarter in the company's history, and that stock is down 11% since the earnings report. >> we've been talking about at gilman hill there's no sensible human who would be making these decisions. you touched on it yesterday. when we look at cat and they have 8% earnings growth and trading at ten times earnings and they have these out of the park earnings calls, we're saying there's no one we know, no investor we know, it's got to be robo-based, artificial intelligence based, maybe it's picking up on something cat says material costs and that suddenly triggers selling it doesn't make sense to us. >> pete what do you make of it >> it seems to me we've had great earnings but it's what they talk about afterwards in terms of caterpillar, they didn't give us any clarity the markets don't like when you don't have clarity all they can say is, look, we're not sure boeing did not say that. everything they said was positive, positive, positive did you see the cash flows they were looking for $1.9 billion. they had over $4 billion free cash

caterpillar, boeing in the bullseye of these tariffs. we have big tech reporting around midweek, and a lot of the amazon,ocks, alphabet, netflix gave a little bit of a to release theh concern over momentum. we have another group with ford, mcdonald's, ubs. all of these could restore stability or not. take a look at the bloomberg. gtv is where you can find our library. you see the bumpy months we have had. october the bumpy is to, especially -- is usually the bumpy is. -- bumpiest. ramy: and there could be an impact on the economy. su: putting out a note on friday, it speaks to what we are looking at this week. if we continue to see these gyrations in the stock market, it could hurt the economy. they are saying it is likely to turn from a significant contributor to strong growth to a modest lag next year. the boost we saw, a half percent to gdp growth from equity earlier in the year, has disappeared. looking at further risk to their forecast. ramy: i am trying to batten down the hatches in my head. looking ahead. now the cumberland adviso

boeing, caterpillar, prime examples of that. boeing up seven bucks. caterpillar 2.65. china reporting its weakest manufacturing growth in more than two years. asian markets this year have really gotten hammered. shanghai is down 21%. putting it all together on the trade front today, kristina partsinevelos in washington. reporter: i love talking trade. we have to talk about trade with china because it is looming threat for the economy and united states and markets. latest from commerce secretary wilbur ross in south carolina at a trade conference and he is accusing china of protectionism. the vast majority of product categories, see more tariffs in the china than the united states. we just want free trade, if anything, no tariffs at all. and of course the stopping of the theft of intellectual property from the united states. we know that the president has spoken before about bringing jobs back to the united states. part of the reason why these tariffs are in place. but there is a new study that has come out of the u.s. chamber of commerce in south china. the study looke

caterpillar today is one of the biggest decliners today. it's had its worst day in ten years just today after saying the tiff with china is pushing costs higher. wall street saying we are going to hear this from other companies as well so they're already starting to bail. i think what they're anticipating is that the good period we've been through in the last decade or so of low interest rates and steady growth is starting to come to an end as rates rise and inflation starts to rear its head here. >> you mentioned caterpillar. it's off 5.5%, which is actually better than it was a little earlier. because they're telling customers they're going to have to raise prices because caterpillar uses a lot of steel and steel is more expensive because of the tariffs. >> we're hearing that from other companies as well. especially those companies who do business overseas. the apples, the nikes and others that do manufacturing in areas like china. as they bring their products back to this country, they have to pay more because of the tariffs and that's -

caterpillar will be important. that is typically a market mover.cations of the health of the economy. on wednesday, the fhsa services, pmi, the purchasing managers index and more housing data with new home sales out. in earnings, at&t, ford, siriusxm radio, visa, ups reporting quarterly numbers, one of the most important dow components reports, that's boeing. that will be a market mover. microsoft reporting after the close kick off big tech as well. on thursday, durable goods orders are out, initial jobless claims and the beige book and pending home sales are out. more big earnings news then. alphabet, amazon will report earnings, they will likely move the economy and move markets. so watch those. american airlines, southwest, dunkin' donuts, chipotle, merck, comcast and snap reporting quarterly earnings as well. on friday, consumer sentiment and earnings from colgate round out the week, it will be a busy week. join me sunday on sunday morning futures, a big show on the fox news channel. house judiciary committee chairman bob goodlatte announced an

caterpillar is being honest, they're paying more, but is it the middleman jacking up the price?. nobody is talking about that except me right now. >> we will talk about roseanne -- it's not roseanne anymore. it's the connors >> i thought you meant the toto song but the boston red sox, one of the owners of the boston red sox, it will be tough for l.a., i think. they won 108games, the red sox did. last night wasn't close. they had their ace out there we'll talk about that and the two biggest payrolls in baseball, the dodgers and the red sox. this is the first time these two teams met except an exhibition game boston, when i went there, only the celtics were having success. now it's like every other year the red sox win. >> the dodgers will win in seven. i'll tell you why, it's 89, 90 degrees in los angeles >> they're in a better mood? >> they'll go out there. the sun will shine dodgers win tonight. they win in seven. >> all right i think you told me jason day was going to win the u.s. open, to too. >> i said virginia tech would beat notre dame, we got crushed. >> you are never in

brand awareness for caterpillar went through the roof when those bulldozers went through people's roofs . but there's not also some spine to systems supplies like weaponry and security equipment such as tear gas and flash grenades but don't worry it's not dangerous it's just weaponry and through. this it's like a disco party for all wars. combined systems puts the aba back into mahmoud abbas. what is a boss but multiple obvious. point is that heads of these corporations pay no mind to what's morally reprehensible or whether their own mothers defined them as. bragging across the dusty. they don't care these brave corporate titans forge ahead nonetheless and they sleep soundly knowing they worked hand in hand with other brave corporate entities as hillary clinton taught us oppressing people in an apartheid state takes a village really takes it to ok ok it takes two villages with one of them sealed off from medical supplies and food and clean water and only has electricity for a few hours a day but basically it takes a village. all right let's move on to another suppressions celebration. f

you know, we're talking about caterpillar. i looked at the multiple today, low double bridgettes. >> double digits >> are you calling that a low? >> i think so. 25% tariffs is a cost shock. that will work its way through some companies acknowledge they're trying to find other sourcing i think a lot is priced at this stage. >> a lot ispriced at this statement assuming it is temporary. >> yes >> we heard some say they are moving out of china because it will be a long-term issue. >> right >> at the lows yesterday, santoli, what are we from the s&p from the highs >> about >> gut wrenching for not even a garden variety correction. >> i think we have to set our expectations for this kind of volatility for the rest of the cycle. that's our belief. last year's low volatility is not likely to come back this year it's typical late cycle. everyone is more antsy we have to get ready >> i don't want us to calm down, then the market has to do more to shake the complacency you go back to that election of 2016 if someone told you you will be

these massacres here are here are some the will to give them some recognition here are some of them caterpillar inc supplies the bulldozers used to tear down palestinian homes now that the product placement right there in that house that brand awareness for caterpillar went through the roof when those bulldozers went through people's roofs. but that's not all so combine the system supplies like weaponry and security equipment such as tear gas and flash grenades but don't worry it's not dangerous it's just a light weaponry and through that ash grin they like a disco party for awards. now combine sandstones puts the aga back into mahmoud abbas. what is. boss but multiple obvious. point is the heads of these corporations pay no mind to what's morally reprehensible or whether their own mothers defined them as. bragging across the dusty. they don't care these brave corporate titans forge ahead nonetheless and they sleep soundly knowing they work hand in hand with other brave corporate entities as hillary clinton taught us oppressing people in an apartheid state takes a village really takes it to ok

i think that caterpillar, remember, they don't buy cat stuff, but caterpillar just soaring here and this is domestic but people love china all of a sudden they love caterpillar and boeing i'm not giving up but i can't pound the table. >>> all right. new cars, out, used cars in. rushing to buy carvana that's me saying buy, buy, buy, but be careful because this stock is very, very high "mad money," i'm eyeing the two key cull pits to find out what's behind their underperformance. you keep asking about them i've got it. >>> cloud, big data. machine learning i'm speaking with the ceo behind of company of data center real estate who understands different ways to play these trends. does a bear poop in the woods? sure but it doesn't have to poop all over your portfolio. there is some high-end thinking. i'll tell you how the market naysayers can continue to create mischief so stay with cramer. one-millionth order. millionth order. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportuni