chairman and ceo of honeywell. you see why i think this stock is so terrific. stay with cramer. >>> coming up, cloud nine? with more than 3,000 flights a day, chances are you've booked a ticket on american airlines. but is the stock a better way to fly? stay tuned. >>> one more hideous day, what managed to buck the market's gravitational pull and rally quite nicely? how about the brand new american airlines, aal, the uber cramer fave product of the merger between u.s. airways and amr. moved up another $1.02 today, that's 3.19% after reporting a top-notch quarter yesterday morning. let me give you background. for decades, my view on the airlines was very simple, you never ever buy them because the ruinous competition in the industry was constantly pushing ticket prices lower, often sending great airline companies into bankruptcy. then, over the last several years we've seen a way of consolidation culminating in this deal that almost got blocked by the regulators for antitrust issues. and thanks to this merger and others, the airline business has become an actual

i like united technology and honeywell largely because of its excellent ceo. cote is the essence of building. why the downgrade? with the fed promising to keep short term rates close to zero for the time being and the u.s. economy gaining momentum, the more cyclical names in our sector continue to enjoy a stronger, longer run than would be expected in a normal, steady growth stage of the cycle. okay, why sell on that? what he's saying is they've been winners for longer than expected. u-tex and honeywell are broadly loved stocks with balanced earnings outlooks and both stocks should go higher this year, but it's not sufficient enough to have a buy rating at this time. that's it? they may not go up in time? is there a real reason here? are the companies starting to do worse? isn't that why you should sell something? i don't think so. both these are levered to the aircraft cycle that could go on for another six years. honeywell and united technologies have been winners. who is to say they're done winning? they've built an infrastructure particularly in commercial

chairman and ceo of honeywell. you see why i think this stock is so terrific. stay with cramer. >>> coming up, cloud 9? with more than 3,000 flights a day, chances are you've booked a ticket on american airlines. but is the stock a better way to fly? stay tuned. [ male announcer ] here's a question for you: when electricity is generated with natural gas instead of today's most used source, how much are co2 emissions reduced? up to 30%? 45%? 60%? the answer is... up to 60% less. and that's a big reason why the u.s. is a world leader in reducing co2 emissions. take the energy quiz. energy lives here. ♪ >>> one more hideous day, what managed to buck the gravitational pull and rally quite nicely? how about the brand new american airlines, aal, the cramer fave product of the merger between u.s. airways and amr. moved up another $1.02 today, that's 3.19% after reporting a top-notch quarter yesterday morning. let me give you background. for decades, my view on the airlines was very simple, you never ever buy them because the ruinous competition in the industry was con

two of my favorite stocks, kimberly-clark and honeywell report. i got to tell you, the spin-off on the health care business, they have been quick about it. yet i think it will bring out a lot of value. stay tuned to later in the show. i explain the worth of spin-offs has to be followed by you. last but not least, dan cody will tell us about how honeywell did in the fourth quarter as i talk to many investors about get rich carefully. they keep coming back to my chapter about the bankable 21 executives who you should want to invest with. because i know them to be stand justify just like the copy might want to be invested with in a football team. i am talk about visioners and honeywell's dave cody is a visioner. my travcharitable trust, i am n selling any shares of honeywell going into the quarter. remember the bottom line, the expectations is not the control. be cautious, if it's going down already like american express had, that might be the trick opportunity on your hands. i want to go to don in california. >> caller: hi, this is don in sacramento

kimberly clark an honeywell report. it's been a little cryptic about it but i think it will bring out a lot of value. stay tuned and i'll show you how the spinoffs has to be followed by you. and last but not least, how honeywell did in the fourth quarter. they keep coming back to my chapter about the bankable 21 executives whom you should want to invest with because i know them to be stand-up like the coach, might want to be invested with in a football team. i'm talking about visionaries, suffice it to say, i'm not selling and the trust will not sell any shares of honeywell going into the quarter. remember the bottom line, the expectations control and be cautious. if it's gone down already like american express had, that might be the terrific opportunity on your hands. i want to go to don in california. >> caller: hey, this is don in sacramento. >> i was interviewed by the sacramento bee they were tough on me. >> caller: the book is great, you have an uncanny stuff for explaining the stuff in layman's terms so we can un

refining chemicals, he's done so much beyond just honeywell which was just a mismatch. watching dow chemical yesterday, take a look at what coleman attacking dupont. what was that about? trying to be like chuck bunch. go proprietary and look at the stock performance. when you look at a guy like sandy cutler, he inherited a company that was really about class 8 trucks and he turned it with that last acquisition of cooper into electrical equipment juggernaut that has just moved that stock and moved that stock up. he's about shareholder value, he's about dividend. he is about recognizing that he can be the dominant electrical company in the world. >> you would say here about all of these guys, i think there are a couple things, just to hear you talk, these are visionaries, they had an idea about what to do with the company, they are excellent executors, and they have courage. benmochet had to have courage. all of these guys had to have coverage. >> guess who they worked for, all of these? >> shareholders. >> yes. how many do that? not enough. >> not enough. >> i got 21 in

honeywell is being invested by the u.s. authorities after the firm included chinese parts and components built for the f-35 fighter jets. an electrical sensor was produced in china before production was moved to the u.s.. honeywell insisted it has followed all applicable laws and regulations. weapon system-53 is the costliest ever. a chilling effect. cold and stormy weather in the u.s. took a bite out of hiring when employers have visited nearly two years. 74,000. expected in numbers so small. pimco calls it a shocker. >> it is very surprising. it is somewhere between puzzling and worrisome. puzzling because it is such a strange number. jobs were created. even if you add in the revisions from last month, it is half of what the census was. shocker to put it mildly. >> we have a big lineup of guests this morning. let's cross over to zeb for the details. zeb? >> it is a busy day as the seventh asian -- seventh annual asian forum kicks off. nearly 2000 business leaders and senior government officials from around asia and the wo

my other ones are jpmorgan, honeywell and disney. >> all right.nt you to win that fight against cancer. i want you to win. all right. let's go. gilead, one of my four horsemen of big pharma. that stock, since i wrote about it in the book, it's done pretty incredible. david kote runs honeywell. we think the world of them. jp morgan bank. google, large position in my charitable trust and disney, bob iger, one of my bankable 21, bank, diversified industrial and biotech, bingo. by the way, gilead, i don't think i've ever seen anything like that stock. that's just levitating. let's go to jason in massachusetts. jason? >> caller: hey, jim, i have nxp semiconductors. >> oh, okay. >> caller: biomarin. american rail cars and international game technology. >> wow. these are very thoughtful portfolios. extremely thoughtful portfolios today, and definitely diversified. okay. here we go. we've got american rail car along with trinity. that's been on fire, why? because we know there's been a lot of rail accidents and you may have to have all new container train

. >> the first thing that comes to my mind is honeywell for a number of different reasons.hey could be a player. and honeywell has been a monster stock. >>> coming up, looming regulations and the e-cigarette boom. >>> and b.k. has the 411 on one chart that's warning of trouble ahead for the market. all of the details ahead. ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadillac srx. lease this 2014 cadillac srx for around $319 a month with premuim care maintenance included. ♪ >>> welcome back to "fast money." we're live at the nasdaq market site. time to look at a trade that's gone wrong. we asked our traders for the stock that underperformed in 2013. karen's pick was soda stream. here's what she had to say. >> the stock is trading at a very reasonable multiple. and the numbers have been quite good. the number of machines they're selling is very high. >> they're building an embedded base of machine owners. and it's the co2. it is controversi

procter and gamble, xerox, and honeywell. also, a look echo what might have been. >> we have to get straight to the data check grid the red is stunning. it is not just emerging currencies, but global stocks. >> a lot of concern about what is going on in china. s&p 500 futures are down by almost 7/10 of one percent. it gets worse. where's that money going? remember when i said that bonds were stuck in a range? the euro is falling a little bit on the back of some is putting economic news. crude oil is down a little bit. good news there. we do not see as much of an effect from the weather. here's the real story. currencies are reflecting problems. a few days ago. now it is one of two. china's problems are having others. the aussie dollar is down one percent. you can see it in other colors -- countries. terrorism concerns, down against the dollar again. >> approaching a low, the russian ruble. it all comes back to the global selloff. the emerging markets is where it started. you have zeroed in on the argentinian peso. >> it was a

. >> honeywell today was so great. kimberly has done so many things that are really terrific. what a fantastic quarter. bristol-myers, they shifted over to being the biggest anti-cancer company in the world. these are things that are not going to change by the fact argentina has a really bad government. there was a time when i heard venezuela was going to go communist and be terrible. it did. the market went up 10,000 points. >> stick around. we will come right back to you and talk more about some of those 21 ceos that you should bank on. >>> meanwhile, to sheila for a market flash. >> check out shares of intuitive surgical, getting slammed today. the company which makes the davinci surgical robots reported better than expected fourth quarter earnings but investors punishing the stock because the company did not issue 2014 revenue guidance, citing lack of visibility. today's 5.5% decline adding to about the 30% decline we have already seen in the past year. not a very good day for them. tyler? >> thanks very much. jim is still here. we are not finished. on the board you will s

and coincidentally you had honeywell's dave cody on the show. >> mr. thermostat. >> last night who actually had some thoughts on how much google spent on nest. take a listen. >> i want to know whether you think given the technology of your thermostats whether you had a laugh, a chuckle, when google bought nest when it seems like that your -- that you can speak right to your climate control. >> my comment was that that multiple they can have honeywell. i'll follow the whole thing. >> maybe the line of the show last night. >> i don't know how much google will go up if they bought honeywell, but i got to tell you, they would blow through the 1,600 price target of mine. this is remarkable. nest is a cool product from frank blake on home depot, it's the best seller they have. but the honeywell thermostats you can say, hey, man, it's too hot in here and it lowers the thing. you get to wave at the nest fire, you know, the smoke detectors. >> yes. >> but google can do no wrong right now. google and facebook. these are social mobile cloud. we are at an inflecti

as of the scale of the moment at the moment i knew him and honeywell. the use of off the list of little or no comment tuesday on. among the leaf into the company and we don't we the tv. it's saddening. carrie and around the next year. lately i've been out of court on the right word. yours are with all seven games. what a witch. in the spirit italian drama fought in crimes nothing and no one are what or who thinks. the not distinguished looking on the way. now police officers not only has nine children or even old fisherman the button. the new superman film. mom don't answer that determined to see the need for sunsets its inspector frank the stunningly was laid back manner belies his drive to get the truth. i knew i would. the is the role as a fast. says salome is that and it stayed. the speed indigenous when cast includes an earnings. it's too soon. series ability to uncover the truth may be his greatest strength. it also gets him in constant conflict with his superiors. sydney nsw woman of some of my concrete opener. it is so rich and beautiful cut the

as of the scale of the moment at the moment i knew him and honeywell. the use of off the list of little or no comment tuesday on. come and he unleashed into the company to me. in. the session. steve you knew long ruling will you know . i know i don't know. i mean. i do. only

as of the scale of the moment at the moment i knew him and honeywell the use of off the list of little or no comment tuesday on. among the least of which the company for whom the new i guess. rich cultural heritage. they didn't think things through creature from the ruins of ancient as it awaits these. these historic treasures in eighteen sixty mr welsh heritage sites of some fifty years of neglect and most recently on the cover the perils of conflict. call from cubs both presidents of the show committee in austria and guilty or steal a teacher at the university of amsterdam and chanting of the international military coker resources were creep of a common goal when the protection of natural cultural heritage. they realized the need to implement section of the before picture unfolds so the pasta went to repair what damage has already begun we both know the workings of the shops. in a place where there is a portent of what actual call it good enough to be their response. make an assessment to see what you could do. i didn't even need your help when a previous visit by the end of the inte

as of the scale of the moment at the moment i knew him and honeywell the use of off the list of little or no comment tuesday on. among the leading regional companies who know me. sells. says. you knew long woohoo little long eye i know. yes no comp with it the implementation in nineteen ninety with a price competition. the thirty fifth anniversary of cambodia victory over the genocide of the team of folklore mart and shattering seven. had a photo book by anc

and they will ignore the fact that the multinational corporations, including honeywell, who testifiedce. it's about how they maximize profits. and that's okay. that's what they're there for. but we have to stay focused on the imports and where our only multinationals are going to produce and what it means for an american worker to compete with the vietnamese worker in manufacturing who if they're lucky makes 75 cents an hour and has no rights. that's what this transpacific partnership and fasttrack are all about. >> and the other thing is when you hear environmental standards, we're talking about the oil companies lobbying and engaging. they of course want to do whatever they want to do to pull that oil out of the ground there is no question about it. larry cohen, thanks for your time tonight. big speech coming up on thursday night. looking forward to it. that's "the ed show." i'm ed schultz. "politicsnation" with reverend al sharpton starts right now. good evening, rev. >>> good evening, ed. and thanks to you or tfor tunin. in coming up, we'll have an update on the new developments i

honeywell, proctor & gamble, starbucks, microsoft, bristol-myers squib. as i report over the conference calls of these companies this morning, was struck by two things. first of all, all these companies not only did better than expected, they all guided higher which as i tell you get rich carefully is what will produce the biggest gains over the long term. and second, those fabulous numbers, they hardly mattered at all today. which brings me to the central issue of the game plan. the need to address this, you have to opine before you even get to next week. you have to opine on what the question of exactly how bad things really are out there. it doesn't pay to go right into the companies until we get a little prism. most important thing you need to know about this two-day selloff is that it is to be expected. that's right. you heard me. it is to be expected. in fact, it's amazing that we haven't had one earlier. you just don't have a rally for as long as we have had without some sort of selloff. here it is. remember, joe dimaggio didn't get a hit in that 5

i saw internal come bus eun engines using turbo chargers from honeywell and other americans companies getting 40, 50 miles per gallon. saw clean diesel engine that's getting like 60-some miles per gallon, i think it was a volkswagen jetta and i think a mazda product getting 70 miles per gallon. they're working and spending money on fuel cells and on that particular approach to production and propulsion. a lot of good stuff is happening. a lot of good stuff is happening. part of it is because of the work we did, legislative work we did on cafe that basically said these are going to be the goals we're setting, the milestones we want to reach. by golly, we're reaching them. it's exciting and creating jobs. it cleans out the environment and reduces our dependence on foreign oil and fossil fuels, but actually creating a stronger economy, not a weaker economy. last thing, we have a new chairman of gm, new president and ceo whose name is mary barra. at the ceremony that monday morning gm was announced car of the young, corvette stingray, and they had a huge crush of people around mary as she

and that's why stanley works can rally. >> honeywell beats by three cents and revenue which had beensistently missing expectations for the past few quarters finally beats. organic volume up, again, five. >> monster quarter. dave cody really delivering. total confidence, charitable trust name, i love the guy. he lives next door to me. what do you do? i have to disclose it, when i had a big party at the back of my house, he didn't complain. it's one of those quarters a lot of the things the money he's put into new projects is really being reaped. they are also in aerospace which is so strong. >> what do you make of the fact unilever and today it's hyundai and samsung. the multinationals not based here warning about 2014 that looks a lot tougher to them. >> in case by case, i look at what's happening with samsung and i say apple. apple's taking back the leadership. look, that's where it is. >> right. not necessarily because apple's done anything that monumental, but samsung perhaps has failed to advance in the way that they had been in the last year or two in terms of product developmen

united technologies and honeywell on the show tonight, dave cody. >> good. >> have really given you auch better outlook. i love jim, he's one of the bankable 21s but he won't play all his cards here. remember the most important thing that happened with boeing was the incredible deal they made with the unions which actually gives you much more upside. i'm not saying that jim's sandbagging. i'm saying jim's a conservative guy and people will freak out and that's part of the arc of freaking out that i indicated earlier. people love to freak out, why do they do that? because they got to freak out ahead of the other guy who is freaking out. one guy is selling boeing at 131 and there's a guy that will sell it at 129, i'm real smart. i'm ahead of that guy. >> boeing did raise guidance two times last year. it's something to watch. >> 20-year plan. do you know what, try to get a dreamliner, you got to go to 2020 to get a dreamliner. here's a real funny one american airlines three guys who upgraded. every day i say buy the stock and now three guys like it. i'm getting nervous. doug parker will

as of the scale of people the moment at the moment i knew him and honeywell the use of local was too little or no comment tuesday on. come and he unleashed into the company for whom we have. i did it is. i can do i am. the it did. i did. at this. it is. it is. i did it view. they are. steve. you do. i did it. and with it. to do the wounded. i was. did you. and

is this him up at the moment at the moment i knew and honeywell. the use of local is a little unknown hundred years yet. come and he unleashed into the company for whom we have. i did. eye he did. i do. it is. view it is. steve you do. it is we were in it. didn't you. i do. i wonder. its. and. check the eye. i knew nm. oily thirteen this lobbyist year for china in episode three is chronic air pollution the price for economic development and can china tackle this crisis. hello i'm like walter and that's it they need. the surging chinese social media users develop the habit of posting and sharing whittier

boeing and honeywell depend on world economic growth. we've seen the china slow down. are you still sticking with these companies? >> we are, not only is it china which is a big part of the emerging world and emerging world getting richer and wanting to travel either in country or other places around the world but it is also a matter of the new planes are very energy, you know, they sip oil as opposed to burning a whole bunch of oil. so we like that for the developed world to be part of the story as well. and i don't think you should ignore that part of the story because the developed world still buys planes. david: kim forest, great to see you, kim. thanks very much for rolling with the punches. a lot of fast information flowing seriously, from fort pitt capital. of course, larry shover, nice to see you my friend. appreciate it. >> thank you. david: shares gaining more than double the s&p 500 but falling earnings, the company gave guidance that disappointed wall street. that is why the stock was down. the ceo is coming here to make his case to investors on why the ral

as of the scale of the moment at the moment i knew him and honeywell. the use of off the list of little or no comment tuesday on. come and he unleashed an internet company and when we have. i did it it too. win the two he did. i did. i do. it is i did. view. i did you do. i used to. and with it. didn't you. do. we did. ch i knew nm the eye. the news. the abc secretary general ban ki moon says that in your writing ability to attend the upcoming syrian peace talks in switzerland its islamist rebel group seven am is that they do not support the un sponsored talks between the syrian opposition in the regime of syrian prison. i share all aside and inclusion of the iran could further complicate efforts at ending the violence. tehran has been a staunch ally of the sock as well as shiite militant group hezbollah whose members have five rebels s

honeywell says that it followed all relevant laws and traditions. authorities wanted to cut the reliance on debt. record levels of radiation at the fukushima nuclear reactor plant. with dangerously high levels of radiation were caught several miles from the site. the readings in the body were for that considered safe human consumption. china's energy with canada [indiscernible] joining us for the asian financial forum right here in hong kong. >> sydney is on the way down at the moment. we do see some gains in hong into the trading day. trading in japan, -- no trading in japan because of a public holiday. the next big industry for takeovers may be gold miners. >> 2013 wasn't exactly the best year for gold. if you want to do the math, it was the worst year since 1981. 27%. rices died .uch. big declines over that one-year time frame. nine it is almost a mirror image acp what that may likely mean is that those mining deals could rebound this year from the record lows in 2013.. most players in the industry were focused on scaling down rather than scaling

. >> honeywell down despite posting fourth-quarter profits that beat analyst estimates. 3%,tarbucks uping the most in nearly six months after reporting earnings that topped productions. seasonal drinks helped to boost your sales. down almost 1%. they may split off the paypal unit according to people with knowledge of the matter. the tech companies facing an activist investor. it brings in the question of where paypal is more valuable. >> they have $6 million in revenue compared to the rest of the company that has $8 billion in revenue. >> the question depends on who you are. if you are the ceo, it is more valuable at ebay. >> they are still making a lot of money off of ebay. it is not just paypal. >> we're going to make the bell. following 5% after the drugmaker said it was not ready to move ahead with the study of combination cancer treatments. it has been putting a big effort on cancer drugs after a strategic overhaul last year. >> plunging the most since 2008. theoperator reported revenue fell 17%. >> juniper rallied 6%. shares were upgraded by at least three firms this morning afte

it's not a really apples to apples industrial icon he well -- industrial like a honeywell. energy has become a big part of their business. so it is a bit of its own hybrid. >> john rice runs the international shop for immelt. is this a global company masquerading with any -- with a mailbox in the united states? >> it is a company with tremendous global reach. ge wasold days, g was -- considered a gdp stock. be a company growing with gdp. organic revenue growth is what they're try to capture. something in the 4% to 7% range. aviation, power, water. saying that we ended the year with great strength. come outot going to and say -- >> he's not going to come out and say, well, that sucked. >> earnings-per-share at every company -- you have to look past that -- but g is said to be one of the more transparent companies. they work very closely with analysts. as an investor, do you feel like you really know ge and what is going on? to ge underot put the category of being one of the most transparent companies when you come down to the granular level on the division-by division basis.

and this involves electronics that honeywell manufactured for the new f-35 fighter plane. >>> and the price for a gallon of gasoline rising to its highest level since mid-october. the lumberg survey says that the gallon of regular unleaded is $3.35, that's up 8 or 9 cents from the $3.26 we saw three weeks earlier. >>> the north american international auto show is kicking into high gear this morning in detroit. the biggest auto execs in the world strutting their stuff with phil lebeau joining us from detroit with a special guest and a "squawk" exclusive ahead of the unveil. >> reporter: i know you love unveils and today we are joined by the north american ceo for bmw. let's not waste anybody's time here. let's show them the new two series. tell me about this car, which is gorgeous, by the way. >> that's what bmw is about. set back cab and it sets drive me. this is why bmw is here, it's what we're about. it's the ultimate driving machine. someone out for having fun with a car should buy this. >> reporter: that's important because a lot of people look at the luxury market right now and f

my charitable trust owns honeywell.hink finer companies to own going into what could be a robust 2014. and they have price targets and when they get there you can bump them and say, do you know what, this was terrific, i'm done. the latter is happening far more than the former. the analysts are more conservative versus the stocks than any time i've ever seen in my career. they're not on board, carl. >> they've made that point consistently day after day. jcpenney down nearly 8% which will take you down to early november. not a new low. >> boy, they must not have cold weather clothes. because if you do, you are printing money. >> bringing people in one would certainly expect into stores. on the previous subject of stocks that went up when they announced deals, mckesson was up. not that long ago they announced a plan to buy a german company and the stock went up dramatically, but since then elliott the large hedge fund, new york-based hedge funds in any number of disciplines in terms of asset management owns 25% of the vot

. >> harold hamm, another great guy, dave cody, good things with honeywell and rahm emanuel, a mayor to focus on how to get things moving. charles: steve, i'm getting a wrap signal, why aren't we in an industrial revolution, with technology and-- >> it's happening, and it's part and parcel bringing that he thinks to something underway. >> you're always ahead of the curve. thank you for joining us. and another hour of varney, we're going to talk about the google diabetic contact lenses and some are calling it revolutionary, has the possibility of changing the lives of millions of americans, billions around the world, maybe. it's important to see how this thing develops. . >> oh, it's my contact. oh, now i've got two in one eye. ♪ [ male announcer ] how did edward jones become one of the biggest financial services companies in the country? hey. yos? not anymore. come on in. [ male announcer ] by meeting you more tn halfway. it's how edward jones mas sense of investing. (vo) you are a business pro. seeker of the sublime. you can separate runway diculousness... from fashionhat flies off

we'll hear from bristol myers, honeywell, procter & gamble, kimberly clark, state street and xerox all before the opening td bell today. still to come, becky will be speaking to brian moynihan together with bono, u2's front man. bono has recorded a new ad which will run live during the super bowl. george has plenty more for us in the next 50 minutes. >>> that's right, ross. jobs, growth, disinflation? the question is, is the united states of europe? well, my next guest thinks so. that's coming up right after the break. >>> and later in the day, we'll bring you an extended version of closing bell. that from 6:00 p.m. cet. "worldwide exchange" continues right after this. >>> the headlines today, world leaders defend extraordinary measures taken during the crisis in a special cnbc debate from davos. >>> the dow and s&p 500 are on track for their worst week in six as china fears and mixed earnings weigh. >>> and at least five people reported debt in cry row after three explosions rocked the egyptian capital. >>> not a moment to lose, i'm going to introduce my guest immediately because we'r

honeywell. dupont. dominion resources. american electric power. and other business leaders.more than 500 companies such as g.m., nike, nestle, une lever, have stated that tackling climate change is one of america's greatest economic opportunities in a 21st century. in addition to many of the nation's largest companies, the american people have weighed in on the need to address this growing threat. and they want action now. a "usa today" poll in december found that 81% of americans think climate change will be a serious problem if nothing is done to reduce it. and 75% of americans say that the u.s. should take action on climate change even if other nations do less. that poll also found that americans overwhelmingly support clean energy solutions like generating electricity from solar and wind. and here's the thing about the american people. they all say this. not just democrats. not just republicans. not just independents. the only place that we have a partisan divide is right here in the congress. i'm encouraged that significant action to address climate change is already un

if you look at some of the company comments i saw caterpillar, honeywell, they all mention their pensione value is going up. >> what's it really about? what is this cash pile really about? is it just about tax law and we should mention this isn't just u.s. companies. >> that's global. >> or does it reflect still some lack of investment opportunity or willingness on their part? >> i mean i think it's both of those, at least in the u.s. tacks play a part in it but it's so easy for us to come on and say these companies have to invest more, they have to invest more, but if you look at say, capacity utilization in the united states, even after this recession, we're four years into this growing economy now, capacity ut lieilization is still below the average. to invest just for the sake of invest something probably more irresponsible than just hoarding the cash. >> exactly. a lot of those ceos are probably saying show me the demand first. who wants to be the one that makes that first move to green light a new factory or a new product or a new campaign for something and it doesn't work? bob pis

this is a thermostat made by honeywell. this is directly connected to the internet. they have touch panels to control via dnc protocol. you can change the temperature on people, if you feel up to it. a larger system, like systems in buildings, large like this one, this is the semen system that is available. you don't want nefarious people getting a hold of it. it has been online for years, if a bad guy wanted to bad stuff with it, why haven't they already? to take it a step further. today's other speakers have elaborated, you can defer information, you can put pieces together, and cross link to find more interesting stuff. this is a camera system i found somewhere in the united states that is using another marks interface, the top is the ptv, pan tilt zoom, i can control it on the internet upon i can pan around and spy on the girl working the front desk and look around the room and look at the lobby. so i did. there is a cool tool you can put into chrome called chrome ultimate flag. it will tell you small details about the website, like what city, the i.p. address, w

most of the industrials, you look at honeywell, they're trading al 18t 18 19 times. stock has a lot more margin expansion and the stock will go higher. we saw this thing sell off over the last couple weeks. it's off roughly 3.5% before the print. so i think a lot of selling got out of the way ahead of time. i think you're seeing a little pressure on it right here but i think it's important to look at this as an opportunity to get in. >> i'm no chartist but it doesn't look like the stock performed that well lately either in response to the earnings report or going into it. what's going on here? >> well i think obviously there are some bears out there otherwise the stock wouldn't be down so much today. but really the company has been going through this transition here. we've added it to our mutual funds over the last six months. we now own it in three of the seven mutual funds we manage. we really like the fact that they've restructured the business. when you look at it i think you have to look through all this noise because there's a lot of restructuring still going o

know you could say that boeing has to argue when the emerging market will help last night, i had honeywellmerging markets. i know if you look at the four big squalls, you look at turkey in ''into and mexico in '94 and south korea and thailand in '97 and russia in '98 and one year later markets up dramatically in every single case. >> go ahead. >> jim, exxonmobil, that was the one i was hoping to get a little more from on it. you are good at looking at the numbers, what do you think? >> it's one of those companies the second quarter i kind of like. there's a lot of negativity toward the oil patch. i was talking to core labs last night and core labs is probably the single biggest explorer for everybody else but exxon. exxon is good. the stock jumped five points because warren buffett got in. remember when ibm went up. you remember warren buffett, when he says he's bought something people go crazy for it. exxon's good. but buffett took it to that peak. ibm's okay, not great. buffett took it to that peak. i think people are just saying why did i buy it again? and, oh, yeah, that's right, buffe

also watching honeywell earnings, beating the street by 3 cents. revenues also topping estimates.gs and emerging market currencies on the move. back to you, becky, in davos. >> thank you very much, sara. when we come back, another titan of banking, the chairman and ceo of societe generale will be talking to us to tell us if the world is over for the european economy. "squawk box," live from davos, we'll be right back. >>> time now for today's aflac trivia question. where can you find the cheapest beer in the world? the answer when cnbc "squawk box" continues. ♪ yeah, he's clean, boss. now listen to me, duck. i have an associate that met with, uh, an unfortunate accident. while he's been incapacitated, somebody's been paying him cash. now, is this your doing? aflac? now, if i met with some such accident, would aflac pay me? ♪ nice. this is your stop. [ male announcer ] find out what aflac can do for you and your family... aflac? [ male announcer ] ...at aflac.com. over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and the southbound bus barre

honeywell, utx, also both higher.it seems to me in the early part of this year. >> tlnd there's some china service. >> the signs out of europe are so positive, david. many of our -- that 20% is kicking in. europe is surprisingly strong. no one wants to hear about it because people remember what it was like in november of 2011. >> it takes a long time for people to believe when you've been through not just what we've been through here but over there as well. >> and france still is in bad shape. >> we really believe spain is starting to turn around? >> i think spain is definitely turning around. i think austerity worked in ireland. go to ireland. it's a manufacturing powerhouse. and because of the tracks regime, it's becoming a pharmaceutical power house. >> hower house in that people have mailboxes there. >> true, it's a mail drop. i've been to ireland many, many times. the last time i was there it was so depressed, just a couple years ago. i just think when i hear the stories and a lot of people are very akin to irela

so we're bringing people together like harold hamm, bill ford, david cody of honeywell, pointing outand we thought it would be very appropriate to do it in chicago. i think mid-america will have a real renaissance, and chicago is the center of it. so we think it's going to be an exciting thing about -- especially with the cheap energy. manufacturing's coming back in ways that we can barely anticipate in terms of old manufacturing and new manufacturing. >> mr. mayor, i tried to come with the farrest apart that i could possibly get with de blasio and tea party. >> let me just say, just so you know, i wouldn't refer to this as a shotgun wedding, but i'm happy that forbes is hosting in america's heartland a conference about the reinvention of america. and i agree with steve on this. the energy revolution in america is upending a lot of old assumptions. and one of the things i'm trying to do as mayor, as manufacturing is coming back to the united states, we have a school of part of our community colleges and part of our closing the skills gap totally dedicated towards training for advance

also in the news is honeywell, textron and ingersoll-rand. >>> after last week's market volatility, somee a change in the fed's bond buying program. our man, steve liesman is back with that. >> nor currency volatility or a weak december employment report will stave the federal reserve policymakers from their not so swift qe-3 this years. everyone thinks the fed will taper by $10 billion at this meeting. and probably continue for the rest of the year. here's the way of thinking about how the fed considers a crisis like this. first, does it change the forecast for growth, inflation and unemployment? answer, probably not. second, does it represent systemic risk to the financial system? again, answer probably not. and, third and finally, are underlying macroeconomics troubling? officials i spoke with see the events of the past several days as more episodic than upheavals and long standing changes within the policy. they add there's a big difference in the selloff compared to earlier this year in may and june where the countries affected will be connected. >> some will have very key elections