caterpillar, some concerns not only about them but the broader industrial space. we will break that down a little more and see what the potential ramifications could be ahead. this is bloomberg. ♪ >> we are talking earnings today and will focus on caterpillar result. they came out earlier. when you look at the bottom and top line numbers, they were a disappointment because of some of the commentary caterpillar gave with regard to the supply chain pressures they face and the idea that demand in china may not be as strong as what it was in the past. for more, brooke sutherland, bloomberg opinion columnist who knows everything about this space. let's start with the demand side of the equation because it was mixed. they said we are doing all right in north america but do not expect the boom we saw in china to continue. >> that is where the weak spot is, and specifically in their construction industry segment. this of course has links to what we are seeing in china with questions around property development going forward. caterpillar is not expecting very robust constr

the question now, when does caterpillar fit into all this? the three screams shares out performers this year. a number of upgrades, citi to jp po morningen. jpmorgan fueled by construction and mining playing a significant role in the construction boom we've seen does a more aggressive fed slow that down? a question likely coming up on the earnings call. other thing, oil massive rise we see in oil prices over the past year helped caterpillar's energy and oil equipment business really outperform. what is the outlook there? could provide broader guidance for energy investors. >> a great point and different way to play energy if scared of energy stocks themselves chris, what would you do with cat? >> wait to see the number. we suspect there will be supply chain issues with cat. kelly, i love talking about these stocks that, you know, make real stuff. don't have to talk about -- talking construction and mining, and energy, and my bet is their supply chain issue, but if weakness, buy on the weakness, because these cycles that seema talks about don'

so we still have a good outlook net/net for caterpillar going forward. seema, it is a reminder as much as we are talking about the u.s. maybe, you know, experiencing a more of a reopening, revival this year, i can't quite figure out what is going on with china. they just cut rates and, you know, their covid strategy paid off in early stages of this pandemic but we'll see about now. >> and interestingly enough, kelly, if you remember during the trump administration and at the height of the u.s./china trade discussion, caterpillar was seen as one of the proxies, right, when it comes to china's trajectory makes about 5% to 10% of its sales in that country, so absolutely the commentary we get from the ceo on the outlook for china may actually provide better guidance than the economic data we get from china i think that's actually why wall street looks to this company for guidance >> yeah, no, a great point its forward p/e still de low 19 as well. gina, a quick comment before we go, could you give us a comments on the markets overall as we wrap up a pretty fr

caterpillar with a beat.own over 4% sales were up 23% despite supply chain troubles jetblue ceo is coming up robin hayes, next. wondering what actually goes into your multi-vitamin. at new chapter. its innovation organic ingredients and fermentation. fermentation? yes, formulated to help your body really truly absorb the natural goodness. new chapter. wellness well done. the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> etf spotlight taking a look at the wile week all across energy dom chu has that for us. >> carl, energy wild week but it is still would n't unl it the only s&p 500 sector that's positive so far in this early part

caterpillar, chevron heading the other way. we're back in a moment >>> welcome back inflation worries are front and center right now my next guest says the market is kind of focusing on the wrong inflation measures they're not paying enough attention to wages have have risen to a 20-year high in 2021. i'm tjoe, you think wages will dictate with the fed does this year >> yes food and energy prices have risen. that's been a tax on consumers our thesis was we're going to see normalization of policy. the labor market is tighter than some think wage inflation will ultimately determine how far the fed has to go this cycle. >> so let's talk about some of those numbers. we get them monthly. there's a couple of month ways to slice and dice. we got the quarterly numbers today. it's not like this is usually the most followed things in the jobs report you're saying it's not about the headline jobs but look at the average hourly earnings >> again, i think it's important to calibrate we have wages going up at least 4% or 5 %. that's great fo

the property development story in china seeping into caterpillar's earnings.enue rose 23% year-over-year, but the backlog also rose, 54%. a lot of this has to do with commodity costs which are up 29% year-over-year. it is supply chain issues and commodity costs. that is causing the ceo to make some comments, demand is strong, but those variables come down to the supply chain. jon: thank you for that breakdown. staying with the subject of the supply chain, it will be in focus this weekend as governors converge on d.c. there is also a cross-border connection as the alberta premier has made his way to washington. we will speak to him next. this is bloomberg. ♪ jon: this is bloomberg markets. i'm jon erlichman. along with matt miller. governors from across the u.s. are in washington this weekend for the national governors association winter meeting, coming together to talk about the economic road ahead which includes trade issues with countries like canada. the alberta premier, jason kenney, is there in washington. nice to have you with us. josh wingrove is also w

>> jack mentioned caterpillar earlier.nings dropped 5%. people are worried about higher cost and dinged margins. caterpillar has been rising prices and should be able to keep doing that because commodity markets are so strong. this looks like an opportunity to maybe buy the dip. jack: carollton, what do do you have have? >> southwest, profitable quarter. first quarter will be tricky they warned but expects profitability on back part of the year. new ceo coming in. analysts expect earnings grow in excess of 30%. jack: fuel prices behave always nice to be airline stocks under those conditions. ben, carelton jack, thank you very much. to read more, check out this to read more, check out this week's edition ad ... dr. michael youssef: when god speaks, he reveals himself to us in his word, telling us not only the truth about himself, but he's telling us the truth about us. it's not merely words on paper. these words of god have god's authority in them. these words have god's power in them. it bears fruit. it produces results. i

what is the law against caterpillar? caterpillar is machinery. have to assume that with any form of movement into ukraine russia is not going to be able to buy caterpillar products? dan: i think it is to be made very clear and president biden tried to articulate this yesterday and walked back elements. sanctions and the response of sanctions will be proportional to the actions russia takes. there is a variety of levers the u.s. has begun to package with its eu allies in terms of what sanctions look like and includes bands of import bands of american origin agriculture products. that is not to say that is the lever they will pull. i think you have to keep some powder dry. i would be surprised if sanctions were levied at once. there's a lot of concern about whether sanctions are levied preemptively, which would give russia justification to further move into ukraine, or they are levied after they moved ukraine which was stop -- which did not help the last time. they have not given up crimea. tom: dan tannebaum, that was great. i look at the markets

roughly 6 to 700 points is roughly caterpillar trade.er alongside other futures markets, and a lot of that is driven by some of the -- i wouldn't call it weakness. i would say slowing momentum in the pre-market right now for certain key names, not the least of which is apple which is off its prehighs right now as well as microsoft and amazon and alphabet shares in the premarket. they're not decidedly negative it's just they've all taken a turn down from the highs of the session so far that's what's been driving the futures which had been outperforming for the better part of this morning just in the last maybe 20, 30 minutes or so we've taken that a leg lower here we're going to keep a close eye on those nasdaq futures. they have been the epicenterfo the activity and also watching what's happening with the big consumer products and retail giant behind clothing brands like north face and vans as well down just fractionally it's off the premarket lows. they came out with better than expected revenues and profits, but it was their full year

caterpillar hinted there is. so judy marks, the venerable machine is humming she has large-scale construction worldwide. her numbers are spectacular. after the close the sexy conductor reports -- and you probably don't know this guy e. this is the most crucial choke point in the audio industry, they make chips for the outios can they meet demand for 2022? i sure hope so excellent field communications technology that lets you use your cell phone as a credit card, if apple is going up against square in that field, nxp might be a logical partner. let's listen tuesday we her from exxon. people are getting comfortable on the oils, and you know i think you should, oil and gas are counting on being notoriously difficult, something that misled the people who sold chevron today, which was really much more of a depreciation issue. i hope you bought and didn't sell it could take down the whole oil patch with the so-so number, that's your chance to buy the best of breed, which is, again, chevron, as we have club members, inc

>> caterpillars are persuasive.hole to plant a fully-grown banana tree in the middle of a road. >> that's a good idea. kennedy: oh, brenberg and brad are now tied! >> no! kennedy: brian raymond got fed up with potholes in the road. so he made a statement. it got the city's attention, it forced drivers to swerve. he was hailed as a hero. >> a lot of bananas. kennedy: here is headline number five. you ready? >> i'm ready. >> let's see if you can pull into a tie with abby here. >> i've got two. don't cut me off a. kennedy: brenberg, that brain of yours. >> yes, come on. kennedy: florida woman arrested for assembling and leaving a giant wooden dollhouse on train tracks so she and her 7-year-old could watch a train run it over. >> okay, no. that can't be. >> fake. >> that sounds really real. kennedy: we have a three-way tie. >> oh, yeah. kennedy: brenberg and brad -- >> i threw it on purpose. [laughter] ken the only way game works. here's headline number six. marinara sauce connects florida man to car break-in crime spre

everything is gated. >> in the caterpillar quarter.have to ship freight. >> caterpillar >> yes they decided not to -- they decided to have the question mark to keep customers happy what happens the stock. they've decided it was the right thing to do. >> it probably is. longer term you want it. that's a good idea for business. >> your customers are happy. >> he's getting killed. >> all right 2.6% really >> yeah. okay >> remember when bennie half was lefting customers going easy on payments ended up being good in the long-term. unless you're a part of life sciences, you're just not getting any benefit. when people -- if eberle has supply chain problems, you would think it's okay. no every time it comes up, it's a new thing. they have supply chain problems? everybody does kellogg downgraded today. >> i want to get to the lbl the morning sit rix, if i can. as you go through. >> i try to make it interesting. >> you do. it's one of largest we've seen in a long time not a particularly rewarding price for anybody who has gotten in the stock re

shares of caterpillar down 6%.r industrials including 3m and general electric on the question of infrastructure and when orders will start to come through. ceo saying it will start to impact us towards the end of this year and into next year, so a potential tailwind just down the line back to you. >> seema, thank you. >> the nasdaq is up 2.75%. racing higher into the close apple, one of the top performers on all the major averages today. that stock rallying on the back of an earnings beat. posting record profits last quarter, beating analyst estimates in every product category except ipads as supply chain issues cut into sales there, but tim cook said those challenges are showing signs of improvement. a nice move in apple it's now up 7%, at session highs. is it too late to get into this stock in this kind of environment where it acts like a safety play and is also showing some real growth >> no, you're right. it's getting the best of both worlds, sara of growth and of value we did actually buy apple prior to the ea

big industrial names including ge, 3m, and caterpillar are set to report.'s bring in seema mody for look at how those stocks are setting up going into those results. >> the announcement of the bipartisan infrastructure deal back in november initially sent construction and industrial-related stocks higher but those gains have recently faded. pave infrastructure etf is down about 8% since then. martin marietta, vulcan materials down 6%. united rentals, seen as key beneficiary down 20% this despite updates from the administration on funds being carved out for products related to repair of bridges, the modernization of dams and the restoration of the everglades in florida. amielious research says the lack of clarity around capital deployment and when orders will be put into place for major industrials, plus new fears around inflation have kept investors on edge. that's why the commentary from ceos of general electric, caterpillar, among others next week will provide a much-needed gauge on where discussions stand with d.c how these companies are building their i

and so then i thought, "what if it's about these two caterpillars in love and they don't want to letu crushed -- just describing it, everyone is welling up here. [ laughter ] through zoom you're the first person to make someone cry through zoom, oh, my gosh. >> well, you know, it's funny, and i kind of sort of pitched that and i wrote the first verse and chorus and played it for the rest of the creative team at our weekly music zoom meetings i only had, like, the first verse through the chorus, and i played it for them and i just remembered that reaction everyone was just like, "you should probably keep writing it." [ laughter ] >> jimmy: i think we've got something there. okay, we'll be right back. want to show everyone a clip here is that song from disney's "encanto." take a look at this. ♪ [ singing in spanish ] ♪ >> jimmy: lin-manuel miranda [ cheers and applause "encanto" is streaming now on disney plus. more "tonight show" after the break. stick around, everybody. [ cheers and applause ♪ ♪ we're getting destroyed out there. we need a plan! i have a plan... right now at t-mobile

i . 1 can garcia, black or gun and caterpillar i oh no, i'm here. i s o j a today. easy ear. what door to door to. oh mama. cardelia a monmouth, clover daddy here. said it to that don't it? don't come my yeah. mom to buy gambling of true to me another down. did you call it? yeah. yeah. jim, what the, what his, tim so no, not want to do that. okay. cuz i you can leave courtney crunchy. ah just one brother. no me a give me a call. replace with me a moment here to help you with that one. if you do, can you poor? we really. all right, well for the when you pronounce the, because i've been in finance, could you scoot over 30 minutes then you should be missed. several of them. no one more quick please. no union provide you with this. and then when you, when important need to do that with it. yeah. love bridges. i totally appreciate. and now when you're study jimanez or cultural, notice that you have doors just leave after you are not watch those them. right? yeah. but you don't have lag now. now my am i speaking with i landing out like my dad. this is mindy shaky? no. i have to dea

reports on personal income and spending and consumer sentiment, plus earnings from caterpillar and chevron. apple is testing an id that will allow you to unlock your phone when you're wearing a mask. the feature could be included in the next update. the iphone would be able to recognize a user's features around the eyes to authenticate. it will only work with newer phones and you'll have to switch the option on manually. google is bumping up vacation days and parental leave for employees. they'll receive a minimum of 20 paid vacation days, up from 15. parents who give birth can take up to 24 weeks off. all other parents will have up to 18 weeks of leave, up from 12. the company is doubling the amount of leave people can take to care for seriously ill loved ones to eight weeks. back to you. >> i think they should triple the amount if you give birth to triplets, don't you think? >> i think so. >> triplets. >> not that i'm doing it again. >> my turn. >> thanks, silvana. >>> more problems plaguing san francisco's chinatown, coming up on "today in the bay." the new challenge many merchants are

you were - >> i was a pig - >> jimmy: he was a caterpillar on "the masked singer. [ applause ] >> hesinger" history. and the heaviest and also the hottest. i think it was about 120 degrees in there the first performance, i about passed out the second performance, i learned to have them put me in an ice vest. and it was completely packed with ice it was the best. i'm going to wear them now from when we film in the hottest states in america next season. >> jimmy: antoni, it's always good to see you. everyone's on the internet is talking about this on the show, out of nowhere, let's just say there's little bumpers, there's things, there's action shots you rescued a dog. >> i did >> jimmy: congratulations. >> thank you so much >> jimmy: neon >> neon the mutt, if you want to follow her on socials [ applause ] she's a lovely, lovely pit rescue from a really great organization in austin called austin pets alive where you also adopt they do really do god's work >> jimmy: there was something that we saw on the show that everyone was, like, talking about, probably because of the dog, i'm assum

you're a miserable, cowardly, wretched little caterpillar.r want to become a butterfly? don't you want to spread your wings and flap your way to glory? you're going tojump on me. you're going tojump on me, - i know you are going tojump on me. after three days of filming, joe levine he turns to me and says, i'll give you another $25,000 if you get rid of that curly haired guy. he said, he's just funny looking, he is not... there is no leading man there. and i said, ok. he's out. you didn't? i said, he is gone. and that was a lesson — a great lesson for me, lying to the studio. now, here is a very important moment for you. i know how much buddy rich meant to you and i know drumming is something that you are passionate about. he was the best drummer in the world, i thought. he was sensational. always kept the beat. i'm always at the centre of the beat. being a drummer at 1a gave me a great sense of tempo and rhythm, and that was incredibly important in comedy. yes. and when the rim shot or when the joke reaches the peak, and how you explode it.

they need to be built able to peer into leaves, under caterpillars and sigma just fine doors. and once they start doing that, it's is when and my middle education has kicked in and you start talking to them about the pressing issues that we are, b, c, who issues like pollution, water conservation, and climate change. that all feature in bridges that are not on his books for children. by inviting the author into the classroom. mom buys auction a high school has found an interactive way to give students a deeper understanding of the scope of the climate crisis. because of the dell has kind of approached it in a very light or when and her book speak, the voice of the teenager that we're talking to our it really has opened up those opportunities to have 1st conversation and then awareness which comes much later. my understanding of the climate change after the session it as expanded a lot more. i got to know about what animals are facing. not only animals, what people as well are facing draughts, are there extinction is there all this very tough to get an exposure to all these thi

and article was the, she was the one choosing her date, and her name was caterpillar. and she told me, i was like, and i was a woman dressed as a man, dressed as a woman ramos. and i'm what i'm the reason on y'alls again the name of k almost most and in the most not get a most brutal fall fall on your for your water for me. when was my birthday and a friend said that if you come i've, i'll give you a drink, but all say i've got one of your cousins over here. and i was pretty sure she didn't know any of my cousins. so kind of brush north, not again. i can't, i ended up, i ended up going and then it was like a, you know, a film something i get bad luck on the bull than the bull opens and into sitting there with it back to me. and then it was like slow motion. she turns around and then he come over and grandma and i, you know, my cousin not, i know you, but i'd like to get to 90. ah, this is well with i had was, can look sad. i'm keep his tires the system, the care layer message, and i me doth mariners lapierre long, half with my own job with me. let us now. so the a faca

cheryl: dow component, i wanted to get the numbers in for you, number 1 beat on caterpillar, earningsre only looking for 226, as for renew a strong beat 13.8 billion, we were looking for 13.5 billion. remember it's the china commentary that we care about from caterpillar, maria, i know that you do as well because that's a quarter of the sales of the asia pacific, asia pacific sales were down 8%. that's something that's going to come up on the earnings call this morning at 8:30 a.m. eastern time. north american sales only jumping 1% despite the housing boom and, of course, the commodity that we have seen forms across the country, latin american sales 15% but the china commentary analysts will want to hear more about when caterpillar start conference call at 8:30 a.m. eastern time. stock also jumping even more as we continue we are watching the stock this morning. we are also watching what's happening here in washington, d.c., supreme court justice steven breyer making it official announcing retirement at the white house yesterday. breyer outlined to finish term and end 27-tenure. he ur

we have seen that in their energy sector there, caterpillar, bank stocks, jp morgan in the dow, here, some of the banks at an all-time high. let's stay on that theme when it comes to deal activity. bank of america in canada was the top advisor for canadian m&a for the first time in a couple of decades. 2021, it grabbed a title after a record deal making. more than $120 billion. the total value of all canadian acquisitions announced was more than 438 billion dollars, so that is ahead of the previous record in 2007. alix: i also wonder much of it is generated within sectors. if you are seeing that m&a in canada, i wonder if you are seeing it in energy. maybe those other sectors are more value-oriented or consumer staples sectors that we saw it. jon: certainly there is the macro, certain industries had to do deals. you had these other factors like low interest rates. frankly, a pretty buoyant stock market which opened the door to attractive stock offers, but it comes down to those relationships. bank of america had a good relationship with the players involved in a huge rail deal. as we

if you have to look at caterpillar, john deere, uri, definitely underperformed. the chart looks better than the rest, but pick up where tim left off. all of these names are your russia/ukraine bets. china, taiwan, bets after the olympics when make when they lift their head up a bit general dynamics up 4% in the month, lock heat up probably around the same am those charts are probably where you want to be off of that interesting point. there's a call for investors at home to think about. for more reaction now to the president's comments, let's turn to ed mills, washington policy analyst at raymond james welcome. good to have you here. what did you hear the president say with respect to the economy or to trade or to inflation that gives you a sen of what will happen >> i hear three things one, build back better will be build back smaller number two, inflation, that's powell's and the fed's concern number three, russia, he does not want a rod line, if you will, with their incurs in the ucrime build back smaller, there is probably going to be a significant amount of

caterpillar with a fairly good report and didn't say anything about 2022 it was down and 211.ing to stay positive at this point here been a drag on the dow energy stocks holding on going into the earnings for some of these companies and been a big market leader in the month one sector held up only 3% of the s&p 500 banks did well new highs on most. dropped about 10% in the 2 weeks or so after the earnings reports and stabilize. you can see the overall market is finally starting to show broader buying interest. after for what to look for, a number of people whose opinions i respect messaged me about the ism manufacturing tomorrow we bottomed on friday with reports coming out the ism has a component to it, prices paid, down in december and some of the bulls are saying watch this if we get the prices paid component of the ism manufacturing lower than expected that's an indication that we every bottoming. they are right 8:30 on friday is when the market started to turn around. >> good point. thank you. and in the bond market treasury yields are in wait and see mode. let's look at

caterpillar reported fourth quarter earnings that beat estimates.ncreased demand and higher prices offset the impact of rising costs. analysts expect orders to keep improving after years of low investment by that industry. shares of apple are higher today. fiscal fourth quarter sales and profit beat expectations, seen as a victory over the supply chain crunch. meanwhile, apple forecast sales would grow by a double-digit percent in the march quarter. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ >> apple really flexed their muscles, not just when it came to the supply chain, but overall demand. apple is at the head of the line. they have a great view, probably better than anyone else. the fact that it is moderating going into the march quarter, those are words that are going to be heard around the world from the street perspective. bullish for tech, and this was a golden quarter for apple. jonathan: dan ives, wedbus

i looked like the caterpillar from "alice in wonderland." [ laughter ] six tits like a dog.y mcbride goes, come do "righteous gemstones." we film in the least healthy city in america, charleston, south carolina. deep fried crawdad, bubba gump slump with bourbon on top. i was like, what am i playing? a texan preacher? i'm going to stay fat through the entire run of the show. that's why i look like doffe's death footage. >> jimmy: you're being very hard on yourself, i think. >> thank you. i tried intermittent fasting but i was -- >> jimmy: didn't work for you? >> i was too hungry. [ laughter ] >> jimmy: yeah you get hungry. >> i was hungry. then i did the noom. you count your calories. everything you put in. every cookie you eat, type it in. now i'm like -- >> jimmy: the noom app, i see. >> cumio. >> jimmy: look at that. [ cheers and applause ] >> where's the kumail app? >> jimmy: kumail's got an app, guys in silicon valley are working on it. >> am i taking over the show too much? >> jimmy: it's fine, people are enjoying it. you are in the "jack ass" movie. >> i am. >> jimmy:

caterpillar earnings have crossed the wire, we have talked about higher labor costs that we have taken, and supply china -- supply chain challenges. are we already in a wage price spiral? >> i've listened to the fed, and if that is what we believe, i do think there is a lot of inflation into play here, including the fact that we are not seeing the supply coming back, so the risk is that the market is going to continue to outgrow, and the stock will be that we have savings, and as savings diminished, we will see a decline in real earnings and we'll -- real rate -- real rate -- real wages. the labor market, and if we do that, there will be a supply as well. we do expect to see some relief on wages as well. >> there is a question about how much the fed can actually affect inflation right now. that is based on the fact that a lot of these impulses are out of their control. people staying home, to take care of people, or whether it is supply chain disruptions with zero covid policies. what is the transmission mechanism. we have seen that so far. it is not enough, with respect to the market.

a huge factor visa and apple leading the dow higher visa up 9% apple's up nearly 6% chevron and caterpillarre lagging. some of the worst in the dow down 5% and 4%. cat with higher costs and china softness chevron fell short of expectations the concern is the fed bank of america merrill lynch with a bold call calling for seven rate hikes let's welcome ethan harris you are the least provocative person i could think of. if it came from anywhere i'd dismiss it what changed in your mind? >> i'm such a nice guy wear sweaters on tv. yeah listen i think the fed is finally admitted that they're behind the curve. it doesn't make sense to have a zero funds rate with how fast the unemployment rate is down to 3.9% and falling fast. we have seen high inflation ratings and persisting longer than expected. what's the fed do about it and catch up the consensus is raise once a quarter. that might have made sense if you didn't have a significant surge in inflation and such a tight labor market but i don't get it in this environment to me, an appropriate policy would be to start in march and then each meeting

caterpillar. ceo loves a good dividend.ker those stocks have pulled back due to supply chain woes stanley black & decker benefits. these are so good. i already mentioned emerson electric that's a manufacturer's manufacturer and there's a little tool works which i gave up too soon because they sell to the red hot auto industry there are other good retail industries lowe's target wal walmart's been not so great. i'm sticking with it archer daniels midland, adm. ag stocks are very strong. tyson. very strong ag cycle going here. general dynamics, quality defense contractor gulf stream business is booming, someone's going to want to say this is the way to play geopolitical tensions with russia and china it sounds like i like a lot of stocks because i do. last but not least there's one i've had on a number of times, s&p global it maintains the s&p 500 dividend aristocrat list these provide all sorts of data, anal analytics. i think they have a great opportunity to standardize esg ratdings we enter the new year. you need to get mo

. >> reporter: the start up in a sprawling former caterpillar factory is backed from a purchase orderm the u.s. government. all told washington is spending $1.7 billion to help american companies manufacture ppe at home. after the pandemic exposed how dependent the u.s. is on foreign sources which is a vulnerability in public health emergencies. another american startup u.s.a. gloves outside houston was created by former importers who found it almost impossible to buy gloves from abroad. they don't have any government investment yet, but once the machines are finally up and running next month, they hope to turn a profit from private sales, even with higher prices than asian brands. >> hospitals and clinics and even end users are willing to pay a slight premium so that we're prepared for a future pandemic. >> reporter: it's still early days, but experts say it is essential for the u.s. to make more of its ppe at home. the question is -- >> whether people will remember this and be willing to pay that premium in the medium term or is this just a very short-term memory and soon people wil

chevron, financials like jpmorgan industrials like caterpillar all having a great day megacap tech isot dramatic apple, microsoft, amd. salesforce i'm watching the shopifys, twilios. they're the ones getting hit the most the ones that don't make a lot of money like the shopifys of the world, they're the ones that get hit here if you look at the equal weight s&p 500, rsp the symbol, it's doing very well. that means the broad market is advancing. that's very, very healthy right now. there's the white line the rsp. as for january, a lot of barometers out there people love their january barometers the santa claus rally is good today and it's normally good for a 1.4% increase and it's doing a lot better than that as of right now. there's also the first five-day indicator for the the rest of the year the january barometer in general. the one i really like is the tax loss selling ones. a lot of companies got hit really badly towards the end of the year and in typical fashion, you see these companies engage or witness tax loss selling in the month of december. that's a very interesting phenom

tuesday, microsoft, verizon, american express, ge, thursday apple, chevron, caterpillar on friday. i mean you're looking at all of these names, wednesday tesla and intel, boeing. so we're very busy at the moment we're looking at all of these stocks we're looking at every index, russel is the only one to the upside, but a little bit impressive here, a half a percent or 10 points. kenny great to see you todd thank you very much. we do need to get to this russian situation, breaking news at this hour, president joe biden is huddled in the situation room right now on a secure video call with the leaders of france, germany, the united kingdom and the european union. the pentagon has confirmed just moments ago it is putting 8,500 u.s. troops on heightened alert to deploy to europe due to the acceleration of russian troop buildup at ukraine's border. the u.s. now withdrawing diplomatic staff from its kiev embassy. the dollar-denominated rtf, the russian index, sort of like our blue chips for russia, plummeting 8% today alone. down more than 15% year-to-date. russian stocks mired in your h

. >> reporter: the start-up housed in a sprawling former caterpillar factory is backed by a $63 million from the u.s. government. all told, washington is spending $1.7 billion to help american companies manufacture ppe at home. after the pandemic, exposed how dependent the u.s. is on foreign sources, which is a vulnerability in public health emergencies. another american start-up, usa gloves, outside houston, was created by former importers who found it almost impossible to buy gloves from abroad. they don't have any government investment yet, but once the machines are finally up and running next month, they hope to turn a profit from private sales, even with higher prices than asian brands. >> hospitals and clinics and even end users are willing to pay that slight premium so that, you know, we're prepared for a future pandemic. >> reporter: it's still early days, but experts say it is essential for the u.s. to make more ppe at home. the question is. >> whether people will remember this and be willing to pay that premium in the medium term or is this just a short-term memory and soon pe

and april, both my longs and my short calls in apple, and i think we're going to see a lot more caterpillars wdcs where they beat top line, bottom line, but they have to give somewhat weak guidance and those companies are going to be punished, and those are the ones you want to pick up on dips i don't think the jumps will be as strong. i think the dips will still be strong and those are the ones that i'll try to feast on, scott. i was trading both those names i just mentioned, western digital, cat, a few others here that i thought dipped a little too much i think we'll get some opportunities like that and lastly, i'll just say, when we talk about retail traders. you're really talking about brokers, not retail traders. brokers that are pulling the trigger because the customers are calling up and they're nervous and they're saying get me out or buy this, buy that that's not a retail trader that is an investor, and retail traders are actually feasting on this, trust me i talked to a lot of them, i see a lot of them and not every trader is a winner, of course, and this is a great setup for both

you need to get to the sideline a little bit and then look at some of these things, honeywell, caterpillarhaving a big day today. you look at the -- i can't if it was ups or fedex, guy, but one of them was having a strong day and counted in that xli. so industrials, yeah they don't terribly excite me scott, and your question was how long does that continue and i just don't know, and i'm trading those rather than buying them and establishing long-term positions. >> i got you >> we should call them value or should we just call them companies that make money and do things that's what i've been focused on they make money. they do things that's what they do. i mean, look at qualcomm today qualcomm is up big this company's in town they make things and they add the software license and they do things and they're very profitable i don't want to call it a value name and it's a company that makes a lot of money yesterday deer was at 16 times earnings and 17 now. they make a lot of money and i'm looking at companies that make a lot of money and make shares. >> how do you view intuitive surgical and j

we have both sides of that debate >>> as we head to break, take a look at the dow heat map caterpillars leading the way, which is the perfect encapsulation of the market's vibe today salesforce, lagging. we are back in a moment. >>> this is "the exchange" on cnbc your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ >>> welcome back to "the exchange". >>> despite all of the hype about new players on the block like rivian, neo, lucid and tesla, old school worked pretty well for auto investing last year ford beat out almost every other auto company to become the top stock in 2021, but can it continue especially as morgan stanley's adam joan as is warning tesla's blow-out delivery numbers are bad news for the rest of the auto industry. autos reporter michael whalen joins me now michael, it is good to see you again. let's start with ford's stock performance and the company saying it is going to have to double production

first they had a caterpillar-style backhoe plow going by itself up and down.nd then at about 3:35, two of the larger dump trucks, salt trucks went by on a road that is basically perfectly clean. i don't know why they're still plowing it. meanwhile on the northbound side we are sitting here. as someone who deals with snow quite a bit in the winter, i was pretty shocked at how bad this was. >> and just for our viewers' understanding, from what cnn has learned, there are about 20 or 30 trucks stuck there, fallen trees, also some 14 inches of snow. and the temperatures are like 21 fahrenheit, minus 6 for everyone else. do you have enough, do you have enough gas? >> i have half a tank, yes. i should be okay. i am reserving it, shutting it off. i can see other cars doing the same thing. i can't imagine if i wasn't on a long drive. my tank is full. for people in the area, there are a lot of people near empty. i don't know what they're going to do. i've only seen one service truck go by. it was a pickup-style with things on the back of it. i don't know if he had gas o

gas prices chevron stock price hit a record high yesterday and still up almost 10% this year >>> caterpillar leading declines on the dow falling 6%. although the dow high are. fourth quarter earnings strong but the equipment makerway warns margins could be squeezedly higher production and labor costs. visa meantime the biggest gain they are the dow extending gains following earnings after the bell and now up more than 7% some analysts raising the price targets following strong growth in travel and e-commerce spend ppg jon, back to you. >> rahel, thank you. >>> now let's take a closer look at apple earnings. our next guest has been bearish. today though increasing price target from 142 a share though 161 on the results raising estimates for revenue and gross margin as as well. goldman sachs analyst rod hall rod, tough to be bearish on apple after a quarter like that. but you raised the price target but lower than where the stock is trading today explain why you think that all of in good news is more than baked in. >> yeah, i mean, just to be clear, we've got a neutral rating i keep telling yo

for one some of retail, capri, tim's macy's, names like whirlpool fedex did okay, united rental, caterpillar, the automakers that we'll get to later i just don't think these real high fliers have had enough of a comeuppance yet. >> pete najarian, i know you've been a bull on microsoft for a long, long time. some other big name tech stocks as well. you just heard the intro to conversation everybody was kind of a sell first, maybe let's think about it later type market today what are you doing are you still holding? are you still a believer in a microsoft or other big tech stocks >> well, to reference back to the very top of the show, it's a bit of a controversy, right, brian? when you look at what's going on within the markets themselves, they're going after the shying multiple stocks. that's what the attack really is right now. we're looking at the markets, you look at the names today that were leading right out of the gate, and you can throw in many of those semiconductors, even like an nvidia and so forth, an amd, you look at where their pes are, they're stretched they're great companies,

fox business alert, the laggard of the day on the dow has got to be caterpillar.porting revenues popped 20% during the quarter. the problem? the heavy equipment maker warned that the inflation gremlins will dent operating margins with high labor and production costs to blame. the stock is down 6%. meanwhile, visa, well, it will take the trophy, leading the dow at this hour. having its best day in nearly two years after reporting a beat on both the top and bottom lines, quarterly revenue topping $7 billion thanks to a resurgence in travel spending. helping to drive performance higher, up 9.33% for the stock right now. and another turn around from down to up here, we've got the buy now-pay later company affirm spiking 13.5% on a bullish call from d.a. decade davidson -- davidson. it did lower its price target from 110 to 75. the analysts suggested the recent selloff in the stock is overdone, but that's, you know, that's max levchin who was here yesterday with us unveiling the company's new super app. do you really need to wait around fortune for -- for analysts to t

i don't think you want to be, what are you going to buy like caterpillar or general motors? no, you really need to stick with some of these names. charles: yeah, amazon, to me, i know at least three firms that name it the top pick for this year, so to your point. so the flip side of this is do you chase something that's hot? the bank stocks, obviously, are absolutely sizzling in part for the same reason, because bond yields are going up. do you ride the bond yield wave by going along some banks? >> i don't think you do, and here's why. banks, they're getting a nice pop as you mentioned because of what's going on with bonds, but banks historically run on top of the economy. the economy is purring, the banks do well because their main business is lending money. i think you want to wait and see what the economy does. that's why i flip back, you know , maybe like everyone else, i hate to say it but amazon they seem to do well, no matter the economy is bad people are, you know, doing more online. they have so many other areas of business, and if the economy is doing great, they j

. >> one simple way for humans to help, grow milk weed for those very hungry caterpillars to feed on.t on a race to the finish the white house playing cleanup after president biden seemed to suggest that russia would face less severe consequences for a minor incursion into ukraine the white house put out a statement tonight saying if any further russian troops cross that border, it will be considered an invasion president biden also said he expects russia to move in. >> the supreme court has rejected former president trump's request to block his records from the january 6th committee. that clears the way for the national archives to turn them over >> and now, you know the news. of this wednesday, january 19th, 2022 i'm shepard smith. thanks for checking in tonight hope you'll be back here tomorrow night on the news on cn with relapsing forms of ms... there's a lot to deal with. not just unpredictable relapses. all these other things too. it can all add up. kesimpta is a once-monthly at-home injection... that may help you put these rms challenges in their place. kesimpta was proven sup

am ex and boeing and caterpillar your biggest decliners we are back in a moment. >>> this is "the exchangeon cnbc hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asap! so basically i can pick the right plan for each employee. yeah i should've just led with that. with at&t business. you can pick the best plan for each employee and get the best deals on every smart phone. as a business owner, your bottom line you can pick the best plan for each employee is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bott

caterpillars signaling to the market that demand in china is going to decline.nies essay sales of construction -- the company says sales of construction supplies eased. shery: getting products on shelves will remain expensive for a while yet. even if crop prices decline. agricultural commodity prices are beginning to peak and we would likely see a decline by the second half. the supply chain is grappling with high costs in energy, packaging, and transportation. you can read more about those stories in our new supply -- new newsletter called "supply lines. " paul: will is showing gains. tesla posting a gain. $100, chevron ceo says that could happen within the next few months as geopolitical and supply challenges amount. -- mount. >> we have had some noncash charges in the fourth quarter, it is difficult for analysts to anticipate. they will understand afterwards. when you look at cash, this was another record quarter. record cash flow and our annual free cash flow was 25% higher than the best year we have ever seen before. the underlying business is very healthy.

investors will be eager to see what caterpillar says about inventories and availability of materialsits earnings later friday, and supply chain issues have dominated earnings calls this season, but as we have then reporting, apple has handily beat estimates with a record $124 billion in sales, a sign that it has been able to navigate through the disruption. >> one apple does well, we do cease accompanies, suppliers in this part of the world also do well, and of course, the reverse is true as well. of course, samsung is also a rival as well as, of course, a supplier, to apple as well. it is up 5.7 percent there. let's have a look at these earnings, get a bit of a break down with them. let's get this from bloomberg's ed ludlow. ed: apple reported record revenue of 124 billion dollars in the fiscal first quarter. record sales across segments like the iphone, wearables, mac, and services. there was disruption in the supply chain, particularly with semiconductors. that largely impacted the ipad where sales missed estimates in the fiscal first quarter. we talked about how the supply pictur

caterpillar is signaling to the market demand from china is going to decline in 2022.d sales of construction equipment in china slumped during the fourth quarter as demand waned. apply chain and missions are continuing to eat into profit margins. taking a look at food prices. getting product from shelves will remain expensive for a while yet even if crop prices decline. that is according to a commodity prices manager. agricultural prices are beginning to peek a would likely decline by the second half. the supply chain is still grappling with the of energy, packaging as well as transportation. bloomberg terminal users can read more about those stories in our newsletter. that is on and i trade nl. yvonne: a quick check of the latest headlines. shares of macau legend are plunging after police arrested the head of the city's second-biggest casino operator. junket operator i should say. authorities suspect the ceo of money laundering and illegal gaming activities. he has also chairman of junket operator group. the group does not expect the payment to material impact operati