head to madmoney.cnbc.com. >>> what's happened with honeywell?ere's the stock i've liked for a long time. you know that. one that my charitable trust owns. honeywell's a great american manufacturing company that makes everything from aerospace secute materials and turbo char. well run under the ceo dave cote, but on friday honeywell reported a quarter that was widely viewed as disappointing, a 1 cent earnings basis with earnings coming in lower than expected, management cutting their full-year revenue forecast thanks to cuts in defense and space spending. we were looking for honeywell to produce core growth, it came in at 1% thanks largely to weakness in the defense portion of the . the stock got hit, falling more than 3% on friday. is this quarter a red flag or a fabulous buying opportunity? a stock that's been a truly terrific performer over last year, one that's given you a 41% return since we spoke to the ceo last november. i'm inclined to give the benefit of the doubt. don't take it from me. let's check in with dave cote, find out where his

dave cote, chairman and ceo of honeywell and, yes, full disclosure, my next door neighbor. thank you, dave. >>> coming up, expectations, general electric's been on theand ramer's checkin go the distance. but another big construction name isn't as lucky. the company is probably hiding in your tool box. but if it's lurking in your portfolio, you could have some problems. cramer's on the case. i know what you're thinking... transit fares! as in the 37 billion it fes we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. [ male announcer ] staying warm and dry has never been our priority. our priority is, was and always will be serving you, the american people. so we improved priority mail flat rate to give you a more reliable way to ship. now with

from washington with us today, representative sander levin, ceo of honeywell.o you want to see congress do in the next 90 days. david? >> i break this into two pieces. it's good we reopen the government and not breach the debt ceiling. that deserve applause. that's something we should be doing anyway. the big thing we need to get done in the next 90 days is use this time to address our entitlements issue long term. i understand the price for that will be a tax increase, revenue increase, whatever they want to call, it but that's the dialogue. we've had three or four years where there hasn't been any engage between house and senate and republican and democratic to get that started. this is an opportunity to get that dialogue done. there's no reason they can't come up with a preliminary plan or draft plan in 90 days. i understand politically it might be tough but in terms of the data and decisions that need to be made, that's pretty well understood. >> bob beauchamp you're next. congressman has been joining us. thank you. you just heard what david cote had to say

once they're in orbit, they keep flying higher. 3m, boeing, honeywell. after all of these, who can back the next? i say look no further than apple. there's a lot of chatter. what apple has to do to get its stock moving higher. that's in part because carl icahn has managed to hijack the debate about the soul of apple. icahn wants apple to move the shares up with its own buying power. it is pretty easy. apple should stop sitting on all its idle cash and start doing something. twitter wants to come out for $15 billion. boom, i bay buy it for 20 billion. apple is not getting any credit for its cash or it wouldn't have attracted icahn to begin with. these big time port will folio managers hear one thing and one thing only. they are expanding because they are being wrapped up by the consumer. higher gross manager mean people will still pay premium products versus those of the bad guys, the competition. that's how you feel about it when you go up against them. this is the nfl. this is the nfl. the other guy on the other side of the field, samsung. apple needs t

keep flying higher as we saw earlier in the week when good numbers from such stores as 3m, boeing, honeywell, they reverberated multiple game plans. after all, who could have fireworks with their earnings? i say look no further than apple, which reports on monday. now, there is a lot of chatter involved if that. that's what apple has to do to get its stock moving higher. that's in part because carl icahn has managed to hijack the debate of the soul of apple. they want apple to buy back stock to convene the shares up with its own buying power. it's pretty easy, apple should stop sitting on its idle cash and do something. twitter wants to come out 15 billion, boom, up by 20 billion. netflix is a way for people to watch tv. however, whatever the market costs, i'll buy it. apple is not getting cash anyway. but none of this chatter means jack so the people can actually take apple up to 600 by putting their own assets under management. these bing time portfolio managers want to hear one thing only the gross margins are expanded, it is new products lapped up by the consumer. why does that matter so

you know i thought the decline in honeywell was fatuous yesterday. said the same last night. and today the company boosted its dividend by 10%, which was sharply more than i expected, showing me that the sell-off was nothing more than stupid money exiting stupidly. now, just consider that honeywell is a huge international play that will benefit from the weak dollar. the biggest beneficiaries, the oil companies, are due to report, and i'm expecting big things from ford and general motors, which have become cheap. and yes, i am sticking my neck out on ford. i am saying i think it's going to be real good. so get out the guillotine if i get that one wrong. darn it. there it is. i just put it right like that. and while i know it's not very cyclical, mcdonald's is a giant beneficiary of a weaker dollar. do you know that the stock can -- all that hand wringing, stock's barely down. that means the international market is going to get better or the translation will get better. the metals, perhaps on international demand that could come from stronger currencies overseas, also played a

could u-techs be like cramer fave honeywell, which disappointed today. [ crying ] because it has too much defense exposure, because expectations were too high. you know what, if that's the case, if united technologies really is kind of like what happened with honeywell, i prefer to wait for boeing. maybe get that on a selloff wednesday. because ceo jim mcnative americany will tell us about his 20-year plan. i've been telling you this stock is a buy on any week since it traded in the 60s. it had it closed over $122. now let's talk about controversy. besides boeing, we get results from caterpillar wednesday. this might be worth some out of the money call options. i say that because there are many people shorting caterpillar. some deservedly, i might add, given the misses it's had the last few quarters. last night we had a confident united rentals on the show, a huge caterpillar customer and all i heard was how demand is spiking for construction equipment. when i meld that with the sharply better than expected chinese gdp number we got last night, and the radical turn in the fortunes of

people are selling honeywell and moving into g.e.e selling the great and going into the not as good going into great. let's see what dave has to say. >> would you go long, netflix into numbers tonight? >> oh, jeesh. i was hoping. i thought maybe david story kind of changed. i was looking for a one-two punch. netflix is like solar city, like tesla, like amazon. if i like the product, i buy the stock. >> see you tonight. >> thank you, buddy. >> existing homes after a break. don't go away. [ horn honks ] [ male announcer ] once in a while, everything falls into perfect harmony. [ engine revs ] and you find yourself in exactly the right place at the right time. just be sure you're in the right car when it happens. the 2014 c-class sports sedan. power, performance and style in total alignment. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer c

could u-techs be like cramer fave honeywell, which disappointed today. [ crying ] because it has too much defense exposure, because expectations were too high. you know what, if that's the case, if united technologies really is kind of like what happened with honeywell, i prefer to wait for boeing. maybe get that on a selloff wednesday. because ceo jim mcnative americany will tell us about his 20-year plan. i've been telling you this stock is a buy on any week since it traded in the 60s. it had it closed over $122. now let's talk about controversy. besides boeing, we get results from caterpillar wednesday. this might be worth some out of the money call options. i say that because there are many people shorting caterpillar. some deservedly, i might add, given the misses it's had the last few quarters. last night we had a confident united rentals on the show, a huge caterpillar customer and all i heard was how demand is spiking for construction equipment. when i meld that with the sharply better than expected chinese gdp number we got last night, and the radical turn in the fortunes of

earlier this week, honeywell momentarily and kind of stupidly dipped.n snapped right back and raised revenue more than people expected. boeing, which uses honeywell's technology in its planes, blew away the most bullish earnings estimates. it is case-by-case for the earnings period, with the determinant being management skill, not the power of the underlying sector, itself. bottom line, stop playing themes and invest in best-of-breed stocks. that's how the real money is being made. i know it's a bit of a bummer because you have to do homework on each company rather than guying an etf and hoping for the best. sometimes this market is like school. you don't do the homework, might as well flunk out and stay at home. ernie in florida. >> caller: hey, thank you so much for taking the call. good evening, jim. >> good evening, ernie. how are you? >> caller: good. i hope you're doing well also. >> i'm doing okay, man. busy week. what's shaking with you? >> caller: the stock is steinmart, department store, symbol smrt, and with t.j.maxx coming in pretty positive

listen to this, the ceos of general motors, honeywell and bmc software all weigh in on the "closing bell." those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ at a ford dealer with a little q and a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee, affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. get up to $140 in mail-in rebates when you buy four select tires with the ford service credit card. where'd you get that sweater vest? your ford dealer. >>> in washington, house gop members are meeting right now to discuss this senate bill, trying to avert the debt crisis. wall street stocks have been soaring in anticipation of the deal w

honeywell lowered their 2013 revenues overall and there's google. >> bob, hang with us. you talked about technology being the sector leader today. kenny is with us, director with e-noel security, cnbc market analyst. google today the $1,000 club, there's one sign of something we obviously should take note of. >> right. >> yesterday, art saying in reference to the tech stocks saying, quote, i worry we're beginning to hear things that are reminiscent of the 1999/2000 period. the number of hits, eyeballs, so kenny, should we be worried tech is topee. >> i think you hahave to start be cautious. the mentality the way it felt during the dotcom bubble, you shouldn't no matter what, people just had to get in it at ridiculous -- it's not there yet, but -- >> tech hasn't had a breakaway yet so far. >> not yet. >> i think arthur makes good points about how they start to value these things. >> except number of eyeballs, when they did this in 1999, you'll recall, there was no earnings at all. >> right. >> that was -- created these new metrics because they had no earnings. this is not

now, a director at sprint, honeywell and prudential said it is likely they don't know when to spend because they could step on a bomb. firms like the new jersey based flex line, a maker of metal hoses. in an e-mail, the president wrote, the temporary fixes don't allow us to plan it makes revenue streams and planning chaotic, the blanket orders go out the window lead times get cost, and it is a mess a mess a temporary fix wouldn't clean up. for nightly business report, i'm thompson. >>> and word thatçó another company will be idle. boeing, the aerospace giant says they may furlough workers at their security unit because of stock work orders and installations where some of the employees work, funding cut's with washington and a shortage of government inspectors. >>> some top bank inspectors are worrying about the dire consequences reaching the borrowing limit, something that never happened before. they described a bleak situation, saying as you get closer to it the panic will set in, and something will happen. i don't know personally when that problem will start. deutsche bank has been making

now, a director at sprint, honeywell and prudential said it is likely they don't know when to spend because they could step on a bomb. firms like the new jersey based flex line, a maker of metal hoses. in an e-mail, the president wrote, the temporary fixes don't allow us to plan, it makes revenue streams and planning chaotic, the blanket orders go out the window, lead times get cost, and it is a mess, a mess a temporary fix wouldn't clean up. for nightly business report, i'm thompson. >>> and word thatçó another company will be idle. boeing, the aerospace giant says they may furlough workers at their security unit because of stock work orders and installations where some of the employees work, funding cut's with washington and a shortage of government inspectors. >>> some top bank inspectors are worrying about the dire consequences reaching the borrowing limit, something that never happened before. they described a bleak situation, saying as you get closer to it the panic will set in, and something will happen. i don't know personally when that problem will start. deutsche bank has been mak

but looking at another company that we really love, honeywell, honeywell has performed unbelievably wellnk it is well-positioned for the long haul but would probably take a look at that if our position has grown outside, outsized our portfolios. david: dan, let's switch from equities for the moment to gold. gold is dropping like a weighted stone right now. >> right. david: where does it end? and isn't it kind of a counter action to what a lot of people thought would happen as a result of janet yellen being nominated because she is easy money person? one would think you might have inflation and gold goes up. >> we haven't seen the inflation coming through. i think the gold running through is primarily what is going on in washington. i'm not a good fan of gold. if i thought the bottom would be going and i would short it. david: hold on a second. you would be shorting it even now with a 12 handle? >> i had to have a position on in gold i would be short gold for the long-term. i'm not talking about short term but for the long term i don't like gold. cheryl: you know, kim i do want to go back

department of labor recently held a hearing and invited companies, including american airlines, honeywelltional, inc. and aon to testify about locating missing and lost account holders. one expert said 42% of plans it surveyed allow amounts in excess of a thousand dollars to remain in the plan without taking any action. the nest eggs of these lostth holders can go untouched for years, decades, their balance is threatens buyout dated investment allocations and mounting fees. he said there is often nothing he can do without the lost owner's explicit permission. >> so the people that are getting hurt, it wasn't me getting hurt, it was the plan participants getting hurt. >> reporter: he find about 70% of the account holders he's hunting for, but there are many others and billions of dollars at this time lost. al jazeera. >> well, if you changed employers and suspect you may have lost an entirelyth log onto our website al jazeera.com/real -- money, we have assembled an action plan to get your money back a lot with searchable databases. happy hunting. coming up, you may love football but some c

>> honeywell reports on friday. >> thanks for watching. see you tomorrow again.ey" with jim cramer starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to try help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money," welcome to cramerica. i'm just trying to make you a little money. my job is not just to entertain but to make you money. start seeking in today. possibility of a debt ceiling catastrophe. spooked the market. dow sinking 130 in points in nasdaq declining

this is where we look now an a matters this week with ge and honeywell and'' we expect internationallyy has thank killed our growth of purchasing treasury sid mortgages. but we have our eyes on the global recovery and there was said jobless recovery here. gerri: but want to read well walls fargo put out of the queue to the consumer right of the worst years of disposable income growth in history. do you agree? is there some validity as a result don't buy consumer stocks? >> i agree. we have a 2% payroll tax bracket at the first of the year taxing 140 million working americans. that was a tax on the entire land. we crunched the spending side and produce great uncertainty and we have created the 29 hour workweek why we have 6 million more people in the part-time labor force when the railroad has not changed. gerri: i know you have thought so what do you think ha of wells fargo? >> looking at the 401k the employer matches at 25 for 50% then it is a huge tax several say you still are the vendor top to bottom. gerri: you have to pay to play the only way to get the money if you want to get th

that's according to a study out by honeywell.s jet makers are seeing greater range or greater demand i should say for longer range, larger jets because they've got to go more international than in the past. still, when you talk with the executives of the jet makers, all of them say there's a little bit of concern about the uncertainty of the economy. >> okay. >> we just went through a pretty tough patch. this one sort of self-inflicted. and i think the biggest concern a lot of our customers have, this was self-inflicted. all we've done is push off another bunch of uncertainty to january. >> what do you hear about from ceos in terms of their view of the economy right now and their hesitancy to put their name on the line for a new aircraft. >> uncertainty present in their mind. clearly the last episode in washington with the shutdown the debt did not help them being more comfortable. >> the ceo yesterday they announced the 5x, which is their newest corporate jet. it will be holding, it could hold anywhere from 12 to 14 people. have

we get results from shum ler shay, baker hughes, honeywell, morgan stanley and suntrust. a flood of data as the markets reopen. the payroll data, of course, delayed by one week to november the 8th. import prices are now to wednesday's ppi and cpi have been published still pushed to the following week. and the commerce department says it's going to revise the calendar soon. besides lindsay, we're joined by todd horowitz. todd, look, got out of the shutdown, the s&p at an all-time high. what's going to happen now? >> good morning, ross. it's hard to fight the tape, hard to fight the fed. now with the problems in washington, it doesn't look like there will be a taper even a year from now. it looks like the fed is painted into a box. and this free flow of money is going to continue. we are still able to climb the wall with lack of growth. i'm shower that this jobs number is going to be pretty bad, as well. i think this is also going to be a bad number so -- >> why -- you've just issued a whole list of problems been why are stocks going higher? >> free money. it's monopoly mon

liz: look at what is going on with the defense industry, lockheed martin, honeywell a systems maker dashboards and things like that. these names are abound in the defense industry. do you love them all, hate them all right now? >> the one that concerns but the most is general dynamics because they have a very high percentage of services and i think that is at risk, they are very army centered. they will underperform the group. i think on the positive side the largest ship maker, they will outperform. they're the only turnaround, so i like that as a safety play. liz: isn't that interesting. what do you think is an opportunity here? do you like it? >> we don't cover that, but large international exposure and the opportunity to continue to defend the united states with missile defense and in the case a lot of upgrade opportunities, so when you combine those two, that is where i think we will go. then at the big platforms, but small electronics. liz: when you look at the government shutdown. it really is partial. the workers were furloughed and are now back to work because they will be paid anyway

honeywell, siemens but this year will probably outperform siemens. >> what about the chats?aying about ge? >> i have some concerns. i looked at a near-term chart. that's good. my big concern is that it's overbought. there's been two times in the last year where these shares have been overbought. two months later the shares were low lower. a month later the shares are exactly break even. three months later they are down 5% on average, up just three out of the 11 times. hey, longer term looks good, yes. near term has concerns. let's get to the longer term chart, though. you can see for almost 18 months now the shares have had a nice uptrend. to me, you want to buy closer to that trend line which is about 24 right now than buying right now. there's too much concern near term here. >> sounds like it's a bit overboard. to both of you, thank you for joining us. check out the online edition of talking numbers. you can head right now to cnbc.com/talking dash numbers. managed to get that out. go ahead and check it out. >>> still ahead, mcdonald's reporting sluggish numbers and the ce

i think this is a very stock specific and sector specific situation listen to honeywell and ge. that bodes very well for johnson controls or emerson electric. i thought under the surface and legal reserve was actually a pretty decent result. this is very company specific or stock specific. i think the company, some companies are doing quite well. >> karen. >> i agree with stephanie. i'm certain that i'm a horrific market timer. if i like the story, i'm going to stick with it even if it gets a tad expensive. i can't trade around it. i can trade around the hedge a little bit. buying puts or selling puts. but not on my long side. >> right. so let's take a look at some of the stocks that we were willing to sell here. steph? >> it's been just a gem of a story. it's up 160% year to date. i looked at the quality of the earnings. fourth quarter numbers looked like they were better than expected. they were just in line. gross margins didn't rise enough. fiscal first quarter guidance was soft. i don't think this is is a disaster by any means but i think they needed a real strong clean bea

the changes were heavily lobbied for by military firms including lockheed martin, textron and honeywell. the u.s. already heavily dominates arms exports market: in 2011, the u.s. concluded $66 billion in arms sales agreements -- which accounts for nearly 80 percent of the global market. to talk more about this, we're joined now by william hartung, director of the arms and security project t the center for international policy. you just completed a report on loosening controls of the the u.s. arms exports. your book,is "prophets of war: lockheed martin and the making of the military-industrial complex." talk about what this defending of weapons and parts means. >> sure. i think the amazing thing is the united states already dominates trade it's not clear they can make more money here but they are trying. one thing that can happen season if you're a smuggler and you want a cyr cue us to pass, getting passes and detecting this is going to be much more difficult twute state department licensing process. >> how did this happen? >> well, the industry has been pushing under for two decades and

the changes were heavily lobbied for by military firms including lockheed martin, textron, and honeywell. >> the united states recently announced plans to scale back aid to egypt's military government three months after the ouster president mohammed morsi. departmenthe state said the united states will withhold hundreds of millions of dollars in military assistance until credible progress is made toward "an inclusive, democratically elected civilian government." but a new investigation from al jazeera's fault lines program shows the recent aid cuts by be more symbolic than anything else. al jazeera's anjali kamat joins us here in new york, former democracy now! producer. amazing report that you did. why don't you explain what you found as you traveled from the united states, washington, to egypt. >> i think the important thing to understand is this has been portrayed as a pretty substantial cut to u.s. military aid to egypt, in some ways, it amounts to several hundreds of millions of dollars. but what is important is this is temporary and something that obama administration officials mad

honeywell lowered estimates. nasdaq, a little disappointment on major tech names like ibm, but that's not in the nasdaq. russell 2000, s&p 500 and dow up. it's been great reminiscing with you today. let's hope it's another 20 years. you, me and cnbc. >> it really has been, bob. thank you for your generosity throughout the day today. bob pisani. joining me to talk about investing in this market is janet engels, stephanie link, rich peterson and michael from inflation rotation fund. good to see everybody. ment to get into valuations. want to get into momentum market. want to get into whether or not you want to put money into this market right here. let's talk first valuations. janet? >> valuations remain reasonable. less than 16 times 2013 earnings of 109. less 14.5 times 2014 of 122. reasonable given interest rates, given inflation and given what we expect to be improving earnings momentum. >> maybe. rich peterson, revenue growth has been m.i.a. >> but we're expecting 3.8% revenue growth for the third quarter. tha

>> honeywell reports on friday. >> thanks for watching. see you tomorrow again. in the meantime, "mad money" with jim cramer starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to try help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money," welcome to cramerica. i'm just trying to make you a little money. my job is not just to entertain but to make you money. start seeking in today. possibility of a debt ceiling catastrophe. spooked the market. dow sinking 130 in points in nasdaq declining 0.56%. yep, today it became clear that all the nice things we've been hearing act the deal on thursday had nothing to do with the rally becausesant tiding was all in the senate. they're just scared. not the senate. the senate is scared, the house isn't. the house of representatives as we keep discovering is a horse of a different color. from the very beginning you never expected the senate to reject a debt ceiling increase and not jus

. >> we know from our work with honeywell and we know from our work with eaton that the greatest thing country in term of saving energy is not finding oil, but it's saving it for the buildings that are already there, but are there enough incentives to make it work? >> several years ago the government had a large stimulus package, and obviously a lot of that was targeted towards a smart grid. today there's very little government funding, but there's justification unto itself and when you employ smart meters you save money and grow revenue. yes you provide society benefits as well, and if you think about it, all of the trucks that have to roll to check your meters. you don't need those any longer. a line goes down and you used to have to wait until someone calls in. you can put that line up and you can get the people back on-line much more quickly. the benefits, whether it's saving costs and growing revenue and increasing customer satisfaction unto themselves makes sense. the justification is there. >> it's pretty clear that some of these state commissions aren't sensitive to what you're

you can say the same about companies as diversified as honeywell, united technologies, emerson, dupontlikely see the big advance in sales that so many have been waiting for. now, you know i have long held that it has been and continues to be stupid to wait for the increase in sales, because by the time it happens, these kinds of stocks will advance so far that you'll have missed the entire move. that's why i think you need to buy these stocks now on any material weakness that we get in this country, maybe a bad labor report. soft gdp report. wrong statement from the fed. and weak retail sales number. because europe, not the united states, is now the new swing factor in earnings. and given the tremendous cost cuts and the possibility of a good bunch of at least maybe four quarters of good european sales, i'm sensing these stocks could be the biggest standouts of 2014. stick with cramer. >>> tomorrow, kick off the trading day with "squawk on the street" live from post nine at the nyse. it all starts at 9:00 a.m. eastern. when we made our commitment to the gulf, bp had two big goals: help

i mean, once you have the refining chemicals that honeywell has, is it any dirtier than anybody else?ality is that the oil stands is marginally more -- from a emissions point of view, more impactful i guess if you want to call it from a wells to wheels basis. so really, i think that's a misnomer. canadian crude is certainly a well-formed and well suited to the u.s. market. >> and yet hearing your presentation, you talk about the challenges. what are they? competitive landscape. we all face competition. the dilemma, vocal opposition versus need for energy. who is winning? >> that's the dilemma. so i think we all agree that we need the energy. there is no doubt about that. but there is this opposition. so i think where the pipeline industry is going to and the whole energy industry for that matter is the need to make sure we're developing energy sustainably. and that means we have to focus on safety, reliability, and environmental protection so that we're balancing the two. the general public no doubt wants to have energy developed in a sustainable way. so that's where we have to move t

the former ceo of continental airlines and a director on the boards of sprint, honeywell and prudentialorporations washington's impasse makes planning treacherous because you don't know what next step is and you don't know if you're going to step on a bomb or if it's going to set you free. now even smaller companies like new jersey based flex line are being impacted. the maker of metal hoses used in a variety of industries telling cnbc in an e-mail a temporary fix does not allow our customers to plan. it makes revenue streams and therefore planning chaotic. does so for everyone in the supply channel. blanket orders go out the window, lead times get pushed out which causes our costs to go up. it's a mess. a mess a trerry fix won't clean up. back to you. >> thank you very much. let's continue the conversation on these topics with one of our cnbc global cfo council members live from omaha is bill gerber, td ameritrade executive vice president. good to have you with us. >> thank you. >> mary raised the point an awful lot of business executives are saying how can we plan for 2014 and beyond

ceos of honeywell and bmc software tell lawmakers from both sides of the aisle how the shutdown and debt threat have been affecting the economy. that and much more, maria and i look forward to seeing you. here we go again. should be a ruckus last hour of trade. see you then. stay tuned. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in investor satisfaction with self-directed services by j.d. power and associates. maestro of projec

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ingersoll raised their guidance, honeywell, disappointed, lowered the guidance.'s helping things and also the dollar down. dollar at an eight-month low right now. euro just keeps rising. the bottom line is, it's not working for the sale on the news scenario. so far. we'll keep a close eye on it. >> very good point, bob. >> thank you, bob. >>> morgan stanley beating q3 estimates. the stock trading almost 2% higher on the day. in fact, a little better than that. mary thompson is live with an exclusive with morgan stanley ceo and chairman gorman. hey there, mary. >> hi there. we're sitting here with james gorman, ceo of morgan stanley. a very good quarter. tell us what your personal highlights were. >> firstly, thanks for doing this, mary. it's great to be back on cnbc. you know, for me, the long-term strategies is what really matters. it was a great quarter. we can talk about the bits of it. the long-term strategy, the resilience, the durability, the consistency, all of the things we've been putting in place for the last five years, since the crises, they've starte

they did exactly what honeywell did and these guys didn't.going to see honey welcome back along with united technologies. cody delivered a good number. he plays with an open hand. both of these companies are good. they're both going to benefit from nonresidential construction comeback. >> now dow component, though, is going to put together more gains than travelers. 235, beats by 28 cents, better underwriting margins, a little bit more to the buyback, jim. >> look at thereturned. three years ago, they had 482 million shares, now they have -- some would say they're takinge. >> it's a private ibo. >> cash flow. >> it goes to the underlying theme, which is shrinking your market cap through significant buybacks and borrowing at historically lows to do it. >> and they never bought crazy investments and, second, they're not cheap. as a travelers customer, they're not cheap. a little better subjective, i've been travelers, chub, travelers, chub. there's a lot of business they do that they really own the market that people don't realize. they also go

. >>> earnings central, honeywell and morgan stanley reporting within the hour.bers and market reaction just ahead. >>> plus, a vulture is circling. billionaire wilber ross on whether lawmakers will rise above and where he's putting his money to work ahead of the next looming deadline as the second hour of "squawk box" begins right now. >>> good morning and welcome to "squawk box" here on cnbc. i'm andrew ross sorkin along with joe kernan and michelle caruso-cabrera. it will argument has begun. >> we'll properly introduce them in a moment. in the meantime, take a look at how futures are setting themselves up. dow looks like it would open about six points higher and nasdaq about 20 points. we should note we're going to hear from ge news in a minute, but that's probably going to be weighing a little bit on the dow and this jobs report. we should feel good about it. >> this is good that we have tuesday. it's a big day for stocks. >> it is official, jobs friday will be next tuesday. that's when the labor department plans to release the september jobs report which was