we see companies across the country like dupont and dow chemical and kimberly clark, laying people off to prepare themselves for the next set of storm clouds. small businesses, two studies, the national federation of independent businesses and adp she that small businesses are preparing themselves and cutting back and laying people off. the gas lines will not help the situation and they will not inject confidence into this consumer confidence. >>neil: you could say outside of the northeast particularly morning and new jersey, this is not a problem, but we did a little bit of history digging here and in the case of the last two oil crises in the late 70's and the early 70's, many more states had long gas lines but most did not. the fact of the matter is, whether it was properly ration oned or the odd days or even days, remember with the license plates, most did not experience the long gas lines. i wonder if that detachment, the view this is only a new jersey or new york phenomena, you are saying the image itself resonates and scares. >>guest: it stirs up old memories. i was in the gas l

. >> companies now are mentioning very heavily their cost management programs going into 2013. they are hedging against the fiscal cliff with that. >> reporter: dow chemical, dupont, advanced micro devices, ford and kimberly clark have all announced layoffs, in an effort to cut costs. unfortunately the outlook for the 4th quarter is dimming fast. profits are expected to be up just 5%, with revenues remaining weak. that's bad news for investors, and workers alike. erika miller, "n.b.r.," new york. >> tom: $0.46 cents of every dollar s&p 500 companies make, comes from overseas. but with europe in trouble and china slowing down, companies and investors are looking to developing economies for new growth. we spoke with mark mobius, executive chairman of the templeton emerging markets group. mark, thank you for being here with us tonight. how do you describe the state of the global economy today? >> it's actually pretty good. i mean i know a lot of people look at the headlines and they say god, the world is coming to an end. but if you look at the leading indicators whether it's the pmi index for china and the u.s. or it's the oecd index you will see those indi

. >> you talked about companies beginning to manage down and after the bell, we get texan with some more layoffs, whether it's dow chemical or u.s. >> what's dave cody doing for every eight people who are retired, natural attrition, he's hiring one, that would be a ratio that would be 8 to 8 if there wasn't a fiscal cliff. he's very proud of his network, to keep people on this issue. are they focused on this or are they focused on when did petraeus know and what did he do about it. >> hopefully we'll get off that story when he testifies tomorrow. >> as someone who just lives and breathes stocks, i'm just wondering how they fooled the kelly air force base. i think that people don't get realized and maybe they can't realize until the market is down so badly. >> you've got something else that's taking up all the air in the room. >> this is the iraq war, this is the debt ceiling, and europe. >> good times. speaking of corporate shuffling, a management shift in mcdonald's, the fast food giant says it's global chief operating -- changes come in the wake of some weaker sales in mcdonald's which has taken a weaker toll of the sto