the chairman and ceo of honeywell, david cote. chief analyst for mesirow diane swonk and host of "strategy session" on cnbc, david faber. governor kasich, your 20th appearance on "meet the press." >> that right? >> you were house budget chairman, so you know what's going on. can you explain it to the rest of us? what is going on and how is this going to end? >> you know, you always -- i was budget chairman, one of the chief architects of the last time we balanced the budget in 1997. it always gets down to the end, but david, it's a matter of will. if both sides have a will to get this done, they'll get it done. >> do you see the will now? is it different than how it's been? >> look, it's always difficult to put a big deal together. is the will there? i think right now they're still talking past one another. but i have to tell you, in my state, where we faced an $8 billion deficit, we wiped it out, we eliminated it. here's the interesting thing -- we have just been taken off of negative watch in the middle of this, and we also have

honeywell called the global industrial outlook very good. and the golden arches see green. mcdonald's second quarter profit was up 15% as it successfully raises prices to make up for higher commodity prices. mcdonald's shot up more than 2%. the best gain in the dow industrials putting it at an all-time high today. and with that, let's get to the market focus. with all those big companies and dow components reporting earnings, the dow was the worst performing of the big three stock indices today. phone giant verizon was among those dragging on the dow. shares fell more than 2%. volume doubled on the drop as the stock is at its lowest price of the month. second quarter earnings were two cents per share better than anticipated. but its iphone business hasn't shown the explosive subscription growth. verizon wireless sign up just two-thirds of the iphone subscribers at a.t.&t. did during the past quarter. separately, lowell mcadams was officially named the new c.e.o., beginning august first. while telecom was one of the weakest sectors, technology was the strongest thanks to sem

honeywell reporting later today.gs have been pretty good. >> talk to me ability tech, about microsoft and intel. >> microsoft reporting yesterday, even though windows is sputtering, microsoft has plenty of gas left in the tank. the company says the sales of xbox 360 and kinect soared 30% in the last quarter. a lot of people love that kinect system. xbox is the 12th console for the 12th month in a role. microsoft growing its overall sales by 8% over the past three months to, get this, $17.4 billion. that's despite a sales slump from windows. it's better than forecast, great news for microsoft. all this, as you know, intel reporting record sales, up 11%. that's a big accomplishment as you know because consumer pc sales are dropping. people are buying tablets. they're buying phones. they're occasionally buying laptops, but not buying desk tops anymore. this is a big accomplishment for intel. great news for the tech industry. so far, so good when it comes to earnings. we've got to get this debt crisis settled. >> i'm no

we'll also see quarterly results from general electric, honeywell, verizon, and xerox. caterpillar is out with earnings, too. we'll go inside the numbers to see what they tells us about the global economy. the federal aviation administration faces a partial shutdown this weekend due to a subsidy showdown on capitol hill. lawmakers have yet to agree on a short-term extension of the faa's operating authority. a deal is being held up over union rights and funding for rural airports. the faa says 4,000 workers could be furloughed on saturday, but airport screeners and safety inspectors would not be affected. >> tom: america's taxpayers are off the hook when it comes to chrysler's government loans. the treasury department's sale of its remaining stake in chrysler is complete. fiat is now the majority owner in chrysler. the government committed a total of $12.5 billion to chrysler as part of the auto rescue. to date, treasury says it's gotten back just over $11 billion. officials say it's unlikely to recover the remaining $1.3 billion. >> susie: creating cost- effective, ener

director james loftus spoke recently about the brand new surveillance drone being purchased from honeywell by the civilian legal force really just common sense again quote it gives us a good opportunity to have an i up there not a surveilling i not a spine i love to make the distinction a survey lead on to help us do the things we need to do honestly to keep people safe. it's i guess it's a good thing those drones are only looking for a grease g. strings on the beaches since if you have any potentially offensive bumper stickers and to see you can find yourself with another arbitrary government by yes that's right drivers found to have offensive bumper stickers will automatically be charged fifty dollars by the state we've all heard that absolute power corrupts absolutely but we've put power in the hands of individuals now to violate the rights of others at any time for arbitrary reasons of their own designs or brave new world indeed so we all see the billboard we hear the tax funded radio commercials this is sergeant john ridd jackass of the highway patrol and we're getting tough on the ro

investors sorting through earnings for mcdonald's and honeywell and verizon and general electric. >>> of given, quote, mistaken evidence to parliament. we're live in london back after the break. oh, we call it the bundler. let's say you need home and auto insurance. you give us your information once, online... [ whirring and beeping ] [ ding! ] and we give you a discount on both. sort of like two in one. how did you guys think of that? it just came to us. what? bundling and saving made easy. now, that's progressive. call or click today. but i did. they said i couldn't fight above my weight class. but i did. they said i couldn't get elected to congress. but i did. ♪ sometimes when we touch ha ha! millions of hits! [ male announcer ] flick, stack, and move between active apps seamlessly. only on the new hp touchpad with webos. and move between active apps seamlessly. you know, the ones find a who do a super job? superpages.com®. for local maps, reviews and videos & it's the only local search site with the superguarantee®. so next time, let the good guys save the day. get the superguaran

you got big names like caterpillar, honeywell and last night, amazon, massive profits.e's the problem. more than half of all the money they're making was made overseas. for every dollar in profit that apple makes, $0.62 was made overseas. now, why's that? because that's where the growth is. the american economy is dead flat, very weak, no growth here. not much profitability so why aren't they bringing back that money to come back to america? well, because we've got a very slow growth economy here. and we tax them that money that comes back. if it comes back, we tax them at the second highest corporate tax rate in the world. so it doesn't come back. >> that's the risk, when the president comes out and says corporations have to pay their fair share, ok, fine. what they do, corporations do, though, is they'll go somewhere elsewhere they feel as though the tax system is fairer and that's how they're going to keep their profits because they're in the business of making money. >> i'll give you the example of general electric. they just announced they're moving their x-ray div