some of the comments from greg hayes out of utx today, talking about labor costs.ariffs don't necessarily help that situation. and they're going to have to find ways to be more efficient. >> and certainly potentially, at least, at play here if things continue to worsen with china, given how important otis elevator, their unit is in china, as you might expect incredible pace of building going on in that country and they sell a lot of elevators into them. >> yeah, with the cost inflation theme, it is not just the tariffs, to your point commodity costs have been rising kimberly-clark, for instance, tom falk, the ceo cited a challenging environment, particularly with commodity inflation. they also lowered their earnings guidance on this double whammy, higher cost inflation and a worsening currency outlook a stronger u.s. dollar for those that are selling abroad, guys. the other positive, though, in today's market is that china is stimulating its economy. fiscally and monetarily infusing a record amount of cash, weakening their currency and also showing new infrastructu

ceo greg hayes is keeping a close eye on possible, longer term effects on trade and tariff policy. >> we're actually not seeing the full pact of the steel and aluminum tariffs and it's how long those are staceng in p i think if you think about next year, you can see a much bigger impact from all of these tariffs and plus potentially highe steel and aluminum tariffs as well as the copper input costs, d we've got a lot of work to do to try to offset that. the industrial company 3m was a more positive storyhe after maker of scotch tape to knee braces to commercial filters also posted better-than-expected profits and sales. 3m benefited from theeroad ra of products like safety and graphics as well as health care, but it d trim the upper end of the full-year profit outlook. the company also toldnalysts that it does see a large impact from the tariffs, and it's prepared if tear ofs aexpand. finally, was there verizon. the telecom and internet media company had a beat onan profits sales, but they missed analyst expectations. verizon als said it lost 37,000 fios video subscrirs which is more

do you need climate control which is is a low-tech business and greg hayes prefers high-tech.nk the answer is you break the company up, i think you get 150. i don't know why do it on earnings when you have this rockwell collins i'm with you. >> we'll see. >> it will be significant potential transaction. >> let's get to the opening bell this morning [ opening bell ] >> the stock was at 13 when it was listed but i think what is most important is david has a tremendous view on drilling and exploration and service. he's a premier high-tech company in the oil field he's saying $100 oil why? because the national oil companies are not doing what they thought he expected with oil at these prices the countries would turn it around. mexico would turn it on. a lot of countries simply have not responded. they're decompleting their oil and they're not replenishing so $100 is in the cards. i agree with this call. >> give it time. >> 18 months in two years. there's no replenishment what is interesting because why aren't the national oil companies drilling well, because look at the countries.