today eaton was down $2.14. it's down 3.5%. does that mean that eaton had a bad quarter, or does it mean when the market goes down, it has a greater impact on eaton than a lot of other stocks. to me this stuff is patently obvious. the market is giving you a chance to buy domino's at prices you shouldn't be able to get at based on the remarkable performance of these companies. i would feel differently if something actually happened today that drove stocks down. if the fed said it was going to tighten and stop buying bonds, if president obama was going to push for a 50% transaction tax, if europe had decided to raise rates, if the chinese communists had mandated lower prices for all stocks including those overseas because you know they're really powerful, but none of those things occurred. we've been up a lot. people want to lock in profits. they don't want to give up gains. nobody ever got hurt taking a profit. so stocks went down. it happens. do you know -- it could happen again tomorrow. maybe even the next day. just maybe the

on a stock like eaton than other stocks because eaton is a wild trader? the market is give you a chance to buy dominos at prices you shouldn't be able to get at based on the remarkable performance of the companies. i would differently if something actually happened today that drove stocks down. if the fed said it was going to tighten and stop buying bonds, if president obama was going to push for a 50% transaction tax tax, if europe decided to raise rates, if the chinese communists mandated lower prices for all stocks including those overseas because they're really powerful. none of those things occurred. we've been up a lot. people want to lock in profits. they don't want to give up gains. nobody got hurt taking a profit. stocks went down. it happens. did you know -- it could happen again tomorrow. maybe in the next day. just maybe the sale continues. long sale, it's a buy one, get one. i don't know. it's a lot smarter to shop on days when things are on sale at the mall than when they weren't, as long as not damaged by fire, flood or infestation of moths

if i want to do l.e.d., i believe eaton. the l.e.d. story cold.t, ladies and gentlemen, is the conclusion of the "lightning round"! >> the "lightning round" is sponsored by td ameritrade. >> coming up, break up bucks. from bieber to seacrest, splitsville can be devastating. but tonight, cramer's is looking for one business breakup that could be the best thing to happen to your portfolio. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. have hail damage to both their cars. ted ted is trying to get a hold of his insurance agent. maxwell is not. he's on geico.com sett

if i want to do l.e.d., i believe eaton. the l.e.d. story cold.nd that, ladies and gentlemen, is the conclusion of the "lightning round"! >> the "lightning round" is sponsored by td ameritrade. >>> coming up, from bieber to seacrest, splitsville can be devastating. but tonight, cramer's is looking for one business breakup that could be the best thing to happen to your portfolio. ♪ ♪ [ female announcer ] you've never tasted anything like new fruttare. the taste of delicious strawberries and creamy milk, bursting together and perfectly frozen in time. when you look on the bright side, it's all good. ♪ new fruttare. it's all good. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. >>> on a slow day like today, remember that not all companies have to be held hostage to the vicissitudes of the stock market or even the economy. some have the ability to take their fate into their own hands. that's why while i

look at eaton, these companies performed in a very difficult environment. so just imagine when things get better, they'll be able to continue to outperform. i think there is definitely places can you put your money. >> what are the catalysts coming next week? what will drive things, stefanie? >> well, actually, i think the economic data is a little on the light side. i think even tow we don't get as many earnings reports as as we did this week and last week. we have key nachls like an emerson electric for sure i will look a. they have 30% of their reads into the markets. you certainly get whole foods. you get priceline. so there is certainly a lot of names, big marquee names we want to get a rea on what's happening oversea, what is happening over here with the consumer, et cetera? >> what do you think next week, dan, in tomorrows of the big catalyst to come? >> we are coming into a quiet period. earnings season, absent a catalyst stall, marks drift higher. i could the under on 15,000 today before i left to come down here. i think we'd probably approach it n

and nigel for raj is called the group's achievement quote and a rival of for party politics george eaton editor of the political blog the new statesman he says the disillusionment of voters in the three major parties is ultimately driving them straight into ukip so it's. there's no doubt that you can have a significant headache for the tories if they do take continued staying very itself . in the numbers they are then it will make it easier they've it's win in twenty fifty and if it is a protest vote then that is one you can't member. it's a bloody big protest fades and that's because i think many of those who are trying to you are trying to you can construct it so much by its stance on the euro it's sonce on immigration by its ads establishment critics credentials and they they see the three main parties as part of a cosy westminster clock that this is against them and they do have faith in any of these solutions that they're putting forward that of course you concept tell people how they should vote they will vote it's all the whatever grounds they want to and if they they want to vote

the power to tax is the power to destroy why the irs for eaton's so many people we should be the most neutral independent agency in government and it shows that it is not. gerri: congressman brady thank you for joining us. thank you for your time. now what you think? does the irs have the enemies list? log on and vote on the right-hand side of the screen. i will share results at the end of the show. another arm of the federal government appears to be overstepping its bounds. the associated press reports its reporters were the target of a broad investigation by the justice department. detailed phone records of reporters were secretly seized by the government and peter barnes has a breaking story. >> the ap says the justice department is secretly obtained list of incoming and outgoing calls for the work and personal phone numbers of individual reporters new york, washington d.c. and hartford connecticut last year for two months. they seize the records from more than 20 telephone lines in april and may of last year and in a letter to letter attorney-general holder they protested and dema

eaton -- gm cut prices by a few hundred dollars simply because it was a selling well. nissan made this move. they're may be some accounting moves by other automakers, but what has really been happening over the last couple of years is the pricing has been pretty strong for the automakers. there have not been a lot of incentives. not a huge amount of discounting generally. gerri: a shell game. they have the incentives. they play with prices a number of different ways. >> well, that has always been the game. and the fact, what they're doing is instead of doing incentives they use that money to cut the price. it's always part of the game of car selling. gerri: you make a very important point that the sun is trying to get a better market share here in the u.s. commander arrested and really having a place here in the u.s. market. to you see that the yen, the value of the and is helping nissan do what it wants people to do your? >> they do build an awful lot of cars here in the u.s., but it is -- it is going to help the japanese automakers a little bit. i was quite surprised

we got a host of industrials brought down or kept under wraps by the dow, including eaton, i think it will have a strong 2014. yet it sells at 13 times what i think they could earn next year. that's crazy, too. i remember when they sold at 18 times earnings. you got to turn the earnings merger bell. look at this one, general electric. $40 stocks six years ago. basically, cut in half. even as it solidified its position, i know the business has been weak of late. the conference call is a disaster. if things get stronger overseas, this could go for a run. double d, if the businesses are turning over to world wide growth, they might now be returning. i think they can be bought without too much price risk here. hey, listen, i said the earnings would be bad. they were bad. okay. the stock, you can buy it now. ultimately, i believe the market can head higher now that employment is coming back and europe is bottoming. i am not urging you to sell stocks. i am not telling you the biogens or the internets are too high. here's the bottom line. there are anomalies out there. stock doesn't take int

our own show when you listen to these ceo interviews like i do, four companies we had on this week, eaton, ppg, adnet and timken, all companies with big exposure have said things are bottoming or they're starting to get better. think about the representation we had on this show just this week. we had companies that are kings in electronics, aerospace, chemicals, all things technology and steel. that's a vast panaply of everything involved in manufacturing. they all said europe's bottomed. they may be going higher. earlier this week we saw results from deutsche bank and ups on the heels of barclays. these are giant banks. this morning, i interviewed rod martin a spin-off of aig who said his parenteen company's business in europe is turning. okay. that's the netherland. do you know something i thought you'd never hear me say. i think tomorrow we hear a terrific quarter from nothing other than the royal bank of scotland. they have been the worst of the worst over there. we also heard from general motors today saying its business in europe, gigantic, by the way, has started to turn. ed for ma

they will make 21/2 times more money than cooper and eaton would have separately, okay?y sprecher. the ceo of intercontinental exchange. ask anyone in the united states about the new york stock exchange, and they'll say, pinnacle continental, and ask them about intercontinental, they'll say nice hotel. but he decided to buy the intercontinent with exchange and now he'll be running the largest exchange in the world, ice. or take rich kinder at kinder morgan. he bought out two companies during this period. he paid about $24 billion to get both. probably have to pay $40 billion now. i don't know. they were immediately additive to earnings. he can raise his distribution mightily, simply because he made these acquisitions. that's perfection, people. booth line, warren buffett, john malone, jeffrey sprecher, rich kinder, they weren't afraid, they were bold. the rest of the ceos, the door is now closing and all i can say is, once again, the smartest guys acted. the others, they sat on their hands when things were cheap and worried about everything instead of being courageous an

in eaton corporate or a dover or an ingersoll-rand. there's so different companies that are actually seeing dividends grow. look at freeport macmoran. the financials still look very healthy to me. and in terms of overall gdp growth, i think what's happening here, the first quarter, we knew, was strong. we knew the second quarter is going to see a dip. but now we're starting to see the better jobs numbers, we have this aggressive easy policy around the world, so we are going to see a little bit of a snapback. so that's what is supporting my thesis of owning the cyclical groups. >> let's get to julia boorstin. she's got the latest on the number that are just coming out. groupon is now news corp. julia, what do you have? >> news corp.'s revenue coming in at $9.54 billion. that is higher than expected. that's also up from last year. so news corp.'s revenue coming in stronger. news corp.'s earnings per share coming in a penny better than expected, but one cent less than where they were a year ago. now, maria, diving into those numbers, it l

rushmore of the mutual funds, eaton rush may be one of those. earliest days in the early 1920s and 1930s. they've been a pioneer in the early areas and a pioneer yet again on the product line tom faut faust, the cfo will talk about. glad to have you on. >> thank you. >> i want to talk to you about what you can with the restriction you closed your best quarter. and realizing you're not known per se as an equity shop. >> it's been a good period for us. you pointed out we're on our october fiscal year and just closed our second quarter. flows for us have been strong. we will be reporting solidly positive net flows with particular strength in a couple areas. one is floating bank longs, gives people ability to earn attractive levels of interest without taking duration risk in portfolios. another couple of portfolios attractive for us emerging market equities managed by our subsidiary metric in seattle and third, variety of global income strategies run by the global income team in boston. >> why would floating bank loans not exactly higher and the fed

in washington dc, she was a very and asionate person, number of the flowers she sent word to peggy eatonwho we have heard about on previous occasions. when she died, lucy sent flowers off to her funeral. baltimore,ing us in maryland. >> hello. i am enjoying the program, as always. my question involves a key intellectual. the collection of books. she not only enjoyed reading books, but collecting them. did she have any particular type of book or genre that she preferred? >> the hayes collected over 12,000 books, all of which are at the rutherford hayes library in ohio. she preferred fiction. she liked to read to the children. taste went more toward the heavier drama. they would sit around and read to each other from the latest book or dickens. about life ining the white house. an interesting just of the -- just of the -- juxtaposition, they preserved that and found some of the predecessors for mature -- furniture. they brought the typewriter, the plumbing in the white house, and what else did they do to the building echo >> i am not sure. >> -- noting? >> i am not sure. >> the carpets had

he accused infamous 1979 disappearance after eaton patz. he confessed to the crime but l he says hernandez was mentally ill and the confession was false. >>> the man accused of the fertilizer factory explosion. bryce reed -- reed has not been linked to the blast that has killed 14 people. jenna: there are a lot of comparisons. we're sure you heard some of them to the troubled presidency of richard nixon. watergate comes up with the investigation as well. doug mckelway with comparisons. tell us about what you uncovered. >> reporter: too early to say whether the scandals rise to the level of watergate and nixon administration. it was only yesterday after all attorney general eric holder announced to the criminal probe of irs handling of tea party groups. watergate from the actual break-in to the president nixon's resignation esolved over more than two years. perception in politics count for a lot and comparisons to nixon are sprouting up like dandelions in springtime. >> let me say this i never seen anything like this except in the past durin

finished into the 580 traffic leading up to the nimitz freeway which got jammed up all the way to eatonies of incidents on the nearest northbound and san leandro. >> the damage southbound in fremont the vehicle fire blocked the right-hand lane and left traffic jam heading from hayward almost to san leandro in the south bound direction. also leading as the turnoff for the dumbarton bridge. and earlier occurring accident north bound 101 in san francisco is less traffic jam trying to get into the city adding about 10-12 minutes to the commute time coming from the peninsula. whether from 101 or interstate 280. >> bart has slightly improved on an earlier a card problem. there were delays in the west bound direction. it was described as major because of a train with mechanical problems between oakland west in san francisco that means those delays will now be out 50 minutes. from downtown san francisco there are delays heading in the daily direction. >> let us go to the weather center there it looks like a beautiful day. >> absolutely george tip will be cooler than the seasonal average between

host: a couple comments on twitter -- let's go to eaton, indiana, april, an independent. caller: good morning. i think there is a bigger problem than actual people know. i know someone who actually got her children taken away by the state and was in state custody, and she was the getting $1200 a month for over six months until she got her kids back. it never came up. nobody ever said anything. people called in. nothing still happened in indiana. she still gets it to the state. host: why does this matter to you? caller: well, i have four children. i am disabled. we cannot get food stamps. i do not like, i tell the truth, and then have people abusing the system and they do not even have their kids. i know there are more kids around the area that do not have. i think that is a problem. guest: again, it is hard to comment on peoples's individual cases without knowing the details, but this is one of the concerns people have. it is the perceived free rider phenomenon. you working hard, you may have a disability, you are trying to raise her children, and you do not -- you see so

." >> i've never eaton a hot pocket and then, afterwards, "i'm glad i ate that."ke "i'm going to die! i paid for that? did i eat it or rub it it on my face?" >> jim gaffigan on the set with us. he has a new book called "dad is fat." that is the name of his new book. >> i love it! that's perfect! >> mika must read opinion pages up next. you're watching "morning joe," brewed by starbucks. where tonight we've switched their steaks with walmart's choice premium steak. it's a steakover. it's tender. good flavor. it just melts in your mouth. mine's perfect -- man! we're actually eating walmart steaks. to tell you the truth -- they're pretty good. are you serious? that was a good cut of meat! [ earl ] these are perfectly aged for flavor and tenderness. i would definitely go to walmart to buy steaks. walmart choice premium steak in the black package. it's 100% satisfaction guaranteed. try it. walmart choice premium steak in the black package. what that's great. it won't take long, will it? nah. okay. this, won't take long will it? no, not at all. how many of these can we

washington dc, she was a very compassionate person, and a number of the flowers she sent word to peggy eatonwho we have heard about on previous occasions. when she died, lucy sent flowers off to her funeral. >> is watching us in baltimore, maryland. >> hello. i am enjoying the program, as always. my question involves a key intellectual. the collection of books. she not only enjoyed reading books, but collecting them. did she have any particular type of book or genre that she preferred? >> the hayes collected over 12,000 books, all of which are at the rutherford hayes library in ohio. she preferred fiction. she liked to read to the children. rutherford's taste went more toward the heavier drama. they would sit around and read to each other from the latest book or dickens. >> we are talking about life in the white house. an interesting just of the -- just of the -- juxtaposition, they preserved that and found some of the predecessors for mature -- furniture. they brought the typewriter, the plumbing in the white house, and what else did they do to the building echo >> i am not sure. >> -- noti

host: a couple comments on twitter -- let's go to eaton, indiana, april, an independent.ler: good morning. i think there is a bigger problem than actual people know. i know someone who actually got her children taken away by the state and was in state custody, and she was the getting $1200 a month for over six months until she got her kids back. it never came up. nobody ever said anything. people called in. nothing still happened in indiana. she still gets it to the state. host: why does this matter to you? caller: well, i have four children. i am disabled. we cannot get food stamps. , do not like, i tell the truth and then have people abusing the system and they do not even have their kids. i know there are more kids around the area that do not have. i think that is a problem. again, it is hard to comment on peoples's individual cases without knowing the details, but this is one of the concerns people have. it is the perceived free rider phenomenon. you working hard, you may have a disability, you are trying to raise her children, and you do not -- you see somebody else

. >> host: ron writes forever let's go to eaton, indiana. april, independent caller. good morning. >> caller: good morning. i think there's a bigger problem than actual people know. i know of someone who actually got her children taken away by the state and was in state custody, and she was still getting, like, $1200 a month for over six months until she got her kids back. and it never came up. nobody ever said anything. people called in on it, and nothing still ever happened in indiana. and she still gets them to this day. >> host: and, april, why does this matter to you? >> caller: well, because, well, i have four children, and i'm disabled, and we can't get food stamps, you know? i tell the truth, and then you've got people that's abusing the system, obviously, they didn't even have their kids, and, i mean, i know there's more kids around the area that do not have, you know? and so i think that's, that's a problem. >> guest: again, it's hard to comment on people's individual cases without knowing the details of it. but this is one of the big concerns that people ha