we will get the latest outlook from jim mcdonald northern trust.e will speak exclusively to partners chiefw investment officer. the investors conference is in toronto. a part of our series this week on automation, we will teach with -- speak with gary norcross, fis president and ceo, about the role of ai in technology. julie hyman is with us to explain the markets. lie: we are seeing the biggest drop in maybe a little over a month, but that is because we are not seeing big drops. we are seeing small, incremental moves. today, it is a matter of risk-off sentiment. just to put the drop in perspective, we have got an interesting chart on the bloomberg. i do not know if we can call it up -- here we go. 500, the s&phe s&p fell at least 2% going back a decade. as you can see, it has become much less frequent. you see the magnitude of drops. we have not even had a drop in 2% , and it has been since last year since we have had a drop of 3%. sell us have become much less common than any kind of magnitude. let's go back to the semiconductors. apple is cuttin

hello there i'm jim mcdonald in london the top stories here on. kenya's president has made a last ditch attempt to urge the country to vote in thursday's presidential election an attempt to delay the vote failed after five judges didn't turn up to the supreme court to hear a petition opposition leader has urged his supporters to boycott the vote the president who are kenya says all parties should participate mohamed odeh will port stephens. they gathered here on four hours waited for them on they want us president of the big promise to make. opposition leader i loading goes by quoting that iran presidential poll he says nothing has changed nor. the news. already being. used to preserve. or dingoes national supplies coalition also will now be transformed into what he called a resistance movement he supporters say that will heed his call we want to stand. being around you has been fighting for us on your car not any chance disappointing to say i passed this time we have to sacrifice whatever it might be to use our life sacrifice maybe not kill ourse

hello there i'm jim mcdonald here in london our top stories currently on al-jazeera .

that's what jim mcdonald says.some of these transportation companies take for instance what art hogan says, chief market strategist at wu wunderlic skushts, it is hard to hide economic activity from transportation companies like fedex. those in size can really be good indicators of the overall economy. and one more to round out our foursome here. berkshire hathaway, chief investment officer says diverse set of businesses at warren buffett shop make it a small microcosm of the american economy. you have rails, insurance, consumer companies all built in there, utilities, power generation as well if you're looking for a mini conglomerate like the economy, check out berkshire hathaway. >> dom, i have a question. >> yes. >> the dow is price weighted index, so let's throw berkshire into the dow, all of a sudden we're at dow 40,000 overnight. >> we could, but maybe look at the b shares it wouldn't be so bad, right >> that's true it would help though you don't like the makeup? just switch the components dom, thank you very

indicator of the consumer overall as well that's why northern trust chief investment strategist jim mcdonaldmart as his bellwether. he said the u.s. is a consumer led economy and walmart is a good measure of consumer spending some estimates have over two thirds of our economy driven by the consumer spending picture, so perhaps walmart a good indicator or bellwether there. wonderlic security says their bellwether is fedex. he feels like it's impossible to hide any economicactivity in our country from transportation companies like fedex so it acts as a good indicator or bellwether, and then when it comes to a conglomerate type, maybe not as much ge these days, but look no further than berkshire hathaway that's what john agustin thinks. he said warren buffett's company has a set of businesses that are like a smaller set of the american economy everyone has a different view, of course, on what companies are the best indicators of the market or economy right now. but one thing is for certain, guys america and its top companies will always have to evolve with the times and the bellwethers will cha

jim and i. >> agreement? he's just wrong. >> well, mcdonald's of course weighing in, this debate has some of america's fast-food spots weighing n mcdonald's' tweeting this saying: to people concerned about cheese placement on burgers, we'll happily help advice. cc their chef, who says the best spot for cheese is where ever you want it. >> no, no, supposed to be on top. burger king, hashtag: cheese on top. thank you. >> well, wendy's chiming in with this tweet. what do you think? they say until it has square patties, it is wrong. reference of course to their square burgers. their founder david thomas once said their burgers are square because they don't cut corners. >> okay. >> you let us know on twitter. >> please don't tell us, i don't care. well, coming up in the next hour of cbs-3 "eyewitness news,e brewing for beer makers across the country. find out what could be threatening your favorite beer >> and in the health watch, researchers are are calling it real game claim changer. see how they're curing blindness, how soon pain lengths benefit from the treatmentment next. >> despicable crime, man dressed up as

speaking of the consumer, check out what's happening with jim mckonld m mcdonald he thinks walmart shouldellwether, because it is a good indicator of the overall consumer spending picture. that's important because two-thirds or more of the u.s. economy is driven by consumer spending, walmart a key there. talking to art hogan, he says transportation companies are key, specifically fedex. he says simply put, it's really hard to hide any kind of economic activity from these transportation companies, so fedex one of those big bellwethers as well. then we're going to end on a conglomerate not general electric but this is john augustine at huntington private bank, their chief investment officer he says look at berkshire hathaway warren buffett has a cross section of services, industrial, consumer goods, all of those make it a nice microcosm of the american economy so as we talk about bellwethers, they are indicative of the overall market but maybe ge, not as much right now, it may be in the future, but these are some of the stocks that investors could look to, sa sara, guys, for just a look at

loved and he's colorful and he's not lawyered up >> one last point on your restaurants, jim year-to-date mcdonald'sow up 35 chipotle year-to-date down 26. remarkable. >> it says it all. chipotle conference call was kind of a sad call it was a sad call. it was like, hey, maybe we'll get the growth back, you know, we're going to try we're doing a lot of things. que queso. the mcdonald's call was we are using all the great technology from around the world. the franchisees are very energized. we're going to do mobile pay the best is yet to come. eeshbrook led a conference call that made me feel like i got to get a cheeseburger, fries and a diet coke. i think mcdonald's is easier to order than it's ever been, faster that coffee is so hot, it's a weapon the coffee's a weapon. >> chipotle is your biggest loser on the s&p by the way, my favorite stat of the day, the dow has posted roughly 160-point gains on alternate days for three consecutive cycles 160 last wednesday, 165 friday, 167 yesterday. >> it could be fbignashy there is a dow stock every day that takes your breath away and that's the ceos. this l

mcdonald's ronald mc donald. company says idea was spurred by research showing that clowns are the third most popular costume, this year. jim rahel. >> i think that is hilarious i love to see what co go after. >> it is really funny, actually. the ad is a little creepy but funny, idea of it. >> it makes you realize big co , corporations are just as petty as we are, dianne. >> but i don't want to be walk home with mcdonald's with clowns. >> #petty. >> yes. >> creepy thanks, dianne, we will see you tomorrow. >> agreed. >>> all right. jefferson health is making some job cuts after recently merging with abington health, aria health and kennedy health jefferson says it is cutting fewer then 300 jobs to health systems president and ceo released a statement on the staff reductions. they say their goalies the same and they are committed to providing safe high quality care. >>> pennsylvania house of representatives will pick up debate this morning on the senate bill to expand gambling in the keystone state, lawmakers are trying to close a $2.2 billion gap in the state budget. the senate plan would extend casino style gambling to 10 n

mcdonald's uxts tx helping things out. thanks for being here. >> my pleasure. >> we'll see you later today right now it's time for squawk on the street. ♪ fly eagles fly >> jimramer celebrating from last night's victory over the redski redskins. >> i'm sorry. >> call it turn around tuesday, we get a beat and raise from caterpillar, 3m, utx and lilly and more and cat and 3m at 100 points at the open the 10-year 2 ht.41 the highest since may. as we said, big beats from cat, 3m and utx zpl global same sales closing 6% for mcdonald's. >> and pipeline concerns before the ten orders again shipments may only be half of what was expected. stocks are poised for a strong open help the by results dow components and caterpillar and others, a significant increase in demand for construction equipment, 3m and utx beat on the top and bottom line and upbeat guidance for the full year those are going to be the stars today. >> some of pretty amazing, caterpillar appepared back the workforce. it's almost as if they pared exactly the right time when orders explode, you get that leverage and you're seeing earnings we've been waiting for caterpillar i would say since 1983 or '84,

mcdonald's uxts tx helping things out. thanks for being here. >> my pleasure. >> we'll see you later today right now it's time for squawk on the street. ♪ fly eagles fly >> jimrom last night's victory over the redski redskins. >> i'm sorry. >> call it turn around tuesday, we get a beat and raise from caterpillar, 3m, utx and lilly and more and cat and 3m at 100 points at the open the 10-yea