on friday we heard from john deer and it was amazing. i couldn't believe how strong that quarter was. not only were there orders -- but they also saw an end to the supply problems. the company spent money on research and development to make their machines more efficient. john deer's results were met with a host of price targeting increases. the quarter was not fantastic but don't look at that. don't look at that. it doesn't fit the thesis of a market in decline. this thursday we have applied materials and it told the story of robust semi conductor --. the results were spectacular and amazingly positive for the semi conductors. we also spoke to chuck robbins, the ceo of cisco. i haven't seen him this pumped in ages. it meant nothing. nothing that they reported, a great quarter. lows in target reported wednesday. both put up excellent numbers. we were all concerned these do it-yourselfers would be spending on lows. it wasn't the case. target cleaned up and what was left, sold well. they are now going up against bed, bath, and beyond. they

so i think what it was is typically, john deere and monsanto are always competing to see who can extract $100.00 maker from each farmer that's raising corn. so it looked to me like the fertilizer industry wanted to get in a front line to see if they could extract $200.00 an acre from the fertilizer expense. and that's what they did this year. and we know every society that has degraded it. soil doesn't treat it right, ends up failing because they lost their food supply, hungry people, right. and overthrow government. so as far as in the, the end user, so the general public buying, you know, a lot of this food basically because the food comes locked in the corn and soybeans even if it's fed through animals you know, the, the b for poultry fish. i've noticed in the grocery store that a lot of these prices are up 25 to 30 percent already. and with high fertilizer and energy prices, you know, they will stay high with the fertilizer being twice as high as where it is normally that probably alone as you know, 10 or 15 percent to the cost of that product going in the grocery store. so for, so t

after a long silence, the official published a press release in which he said that john deere had beeniven to him by his brother. however, it turned out that he was not so rich, such gifts could not afford him, he was suspected of lobbying the interests of an agricultural corporation. only these structures can easily afford to present tractors. belarusian agrarians continue to replenish the country's food supply, work does not stop and in peklo karavay weighs almost 7 1/2 million tons. the northern region of vitebsk almost reached the round figure; the south, almost completely finished harvesting the yield of 37 centners per hectare. every good harvest starts with seeds in belarus breeding work has been put on stream, our country is provided with its own seeds by 75%, which allows even capricious crops such as flax to be subjugated, why do farmers love it and why are they afraid? how to get the maximum in the fields and if linseed oil has the future all the answers today in the project question number one the year of my birth is noah industry here, looking at this period of time, it wa

i prefer john deere.ins are running about 29%, the gross margin, but john deere runs a little bit better operating margin at 3%, showing better five-year average revenue growth compared to the slower mover cat. so if you want to play in the industrial space, i would say go there, i'm a no touch on cat. >> no touch on cat how about uber >> uber i like it, tyler a lot of things going on here. it's been things i just mentioned, this rotation back into growth. it was setting up here in july if we can break a little bit h higher, the real test is 31.5. if you can buy it closer to the break at about 25, that would be great. i'd entertain it for a trade look, they were expected to lose 27 cents they lost like $1.30 not a great quarter. their margins, ebitda margins and percent of gross bookings were increasing. they also showed in the presentation that their u.s. rides was increasing so we're seeing people re-emerge from the pandemic going out and using ubers, but i'm worried longer term you know, they have $29

it could benefit john deere and its rollout of the electric tractor that would run on batteries in 2026 will look for clarity on from ceo john may when he speaks to shareholders on the call. lastly, supply chain we've had a divergent view amongst the industrials on how the supply chain picture is sort of forecast for 2023 caterpillar really can provide the guidance whereas the engine space said, no, things are getting better where does john deere stand and their 2023 order book will be key. >> very interesting. quint, i know you're concerned about the debt levels. what do you think overall about the trade here >> the trade for me is a sell. it continues to be and i've been wrong on this one in the past as noted. it keeps going higher though it's well off highs right now. it's been a very nice trending stock. what keeps us away from this company is basically the high debt levels. now to a degree that's their business model financing very large pieces of equipment but ultimately it's also not a cheap stock it's trading basically 14 times forward earnings and those earnings are set to grow

grafting, they say he built it with a quarter million dollars in free or cut rate contract labor and a john deere tractor given as a bribe. prosecutors say even the soil that the house is built on came courtesy of the trash hauling monopoly. for insider help securing lucrative deals, pleading guilty to criminal corruption. nuru tapped the slush fund paid for by contractors that he used for everything from t- shirts and cabs to event fees for workers. the investigative unit reported the fund run by a city nonprofit the san francisco parks alliance. >> reporter: we know that the prosecutors managed to get nuru to agree to give up the home. that home had countless hours of worker efforts and an incredible amount of work furthering what prosecutors consider a giant corruption scheme. >> thank you very much jackson. >>> in vallejo all eastbound lanes of i-80 closed to clear this big rig crash and another crash closing the side of the freeway, the big rig stock over the center divide with lanes blocked before 3:00 this afternoon as they try to get the tow truck out and they tried to get the big rig tak

and by the way, john deere met again many people in that region, regard him as a hero of the avalon wall and fortress contribution, as far as fighting along the launch against the russian. this concern, i thanks so much. come on high. the tensions between the us and china running high with reports us. how speaker nancy pelosi could arrive in, ty, pay in the coming else how speak. i left her hotel in kuala lumpur on tuesday morning. these are images of the american military playing. she used to travel from the laser on the tarmac just before taking off with an unknown destination. fill on whether or not nancy pelosi is on board of a flight path of that plane is being tracked online. it left malaysia bearing south and it's already flown over indonesia. china is warning against her visit to taiwan . the chinese foreign minister says beijing has been very clear to the us about the repercussions of any such visit do though. so you'd have quincy recently the u. s. has claimed this commitment to the one china policy box wise has been back tracking, blotting, and harder than not the one china pr

well, he's going to school to become a combine mechanic john deere combine mechanic well, let me tell you he absolutely has to understand science technology and engineering and math because that's absolutely a part of it. but it's a two-year degree where he'll use his hands, but he's utilizing that for a valuable service to this country's farmers. so i'm i'm glad to see the direction we're going unfortunately. we lost our way for a period of time, but i think we're getting back and again that that started with the eisenhower's thank you. right. well, i have a funny question. he said the bus stop landing created this giant crater. yes. and now every time you see a movie about like space or something falling from space or a superhero dive, you know straight diving on the earth from space. it leaves just giant crater right? is that what inspired it or i would say for, you know, probably in in some parts. i mean, it's it's interesting to sort of follow pop culture as as it relates specifically to space and you go back to jules verne and then, you know continue along and and pop culture ha

at how well john deere is doing. i have total faith in next year for them. there are times when farmers are over planning. this is not one of those times. this is why it has more price target boost response than any other company i can remember this earnings season. i got even more convinced about the market after speaking to scott wine. i happen to like this as well. as a longtime proponent of tractor supply, i know they had the game wired and offered terrific prices in the grain market. all of these traded in mid single digit prices. breaking the hearts of investors who stayed too long. anyone who's followed the group knows that when the green complex peaks the stocks rollover. ukraine which accounts for 13% of the world's calories, what can i say, talked about visibility into 2023. let me throw in the seed companies. with improving fundamentals that might be able to put through a price increase or maybe even to. one of the rare outfits that still has tremendous pricing power in a world where people are very worried about pricing power. one of my long-term

as whee close out the week the statement from fed's tom barkin and then earnings from buckle and john deere foot lo locker. >>> and we are looking if this is sustainable the next guest says amid the ch choppiness, we need to focus on quality. victoria fernandez is with us. you like that intro? speaking of quality, thank you >> that's the best intro i've gotten >> you are in texas. you are getting up really early. we appreciate it i'll not take away from the market rally a feel good two months all four weeks in a row. $2 trillion in value of options expiring today futures are down what can we expect for the fall? i can't imagine it will be this smooth for the next four months? >> it is not at the beginning of the year, we set the theme which would be the tug-of-war between tailwinds and headwinds and volatility the second half of the year will bring the exact same thing you've got the support in the market a little bit. over the last week, obviously, we had buybacks going on we had the cpi report that people thought was going to be a pivot for the fed. i'm a party pooper in that i don't beli

well, he is going to school to become a combine metallic, a john deere combine mechanic. well let me tell you, he has to understand science, technology, engineering, and math. because that is a part of. it but it is a two-year degree where he will use his hands. but he is utilizing that for a valuable service to this country's farmers. so, i am glad to see the direction we are going. unfortunately, we lost our way for a period of time. but i think we are getting back. and again, that started with the eisenhower administration. >> thank you. >> all right, well i have a funny question. you said that the boss start landing created this giant crater. and now, every time you see a movie about space or something falling from space or a superhero straight diving down to earth from space, it leaves a giant crater. is that what inspired it? >> i would say probably in some parts. it is interesting to sort of follow pop culture as it relates specifically to space. you go back to jules vergne and then continue along. how culture has taken a lot of what has done from what has happened

the name is corteva but there's other names, john deere, the big one. >> i agree with the themes and i think gold is underpriced and the mining stocks are very underpriced because people believe the fed is going to be victorious in its fight over inflation and if the fed isn't, they believe recession will do the job for the feds, but it won't. inflation is going to get a lot worse as result of this inflation getting worse so we're going to have the worst of both worlds and have high inflation, higher than now and even deeper recession than the one we're in now. i think in that environment, gold is really gonna shine and i think investors will end up doing very well if they pick up some of these, you know, gold mining stocks that are really at bargain basement levels. liz: i wanted to end on a positive note but we'll end on kenny smiling. >> i'm going to light my hair on fire, peter. >> i'm positive on gold, doesn't that count? >> i like gold too. i like gold and i think you're right that inflation will continue. liz: no self emulation on the show here. peter, kenny, teddy, always a p

that's the biggest tickets since 2005. 20 new advertisers including budweisers, capital one, john deere, chevrolet, and mastercard. grady trimble is live in diresville where he gets a front row seat for tonight's game. i can't wait to see this. grady: liz, that's r last year they let me on the field for the game and i hope this is an exclusive event and it was quite a spectacle to watch on tv, 6 million people did it as you said and more exclusive in person, and that's why i saw tickets on stub hub yesterday going for more than $5,000. so fans coming through here will walk right through this area through the corn, reds and cubbies as you mentioned, and i want to give you the layoff the land so you -- lay of the land so you can tell where we are. the original field of dreams movie site isen o the other side of the corn there. you might be able to see the top of the white farmhouse where kevin costner saturday on the porch and decided he was going to turn his corn field into a baseball field and fans will keep going this way and that's when they'll eventually hit the stadium for the big g

in the thesis i have, you're going to have a higher growth rate in earnings in a caterpillar or john deere than you will in apple. doesn't mean apple is terrible just means that's where i'm focused. >> let's bring the ladies back in shannon, about that statement, do you agree with that statement because it speaks to two large swaths of stocks you're going to have a higher earnings quality in a caterpillar, so to speak, but you can name a few others, if you want as well, than you will in apple moving forward and you can name a few other stocks in that universe, if you will, as well but you get jim's point. the question is, is he going to be right or wrong? >>, so i like both tech and industrials, scott, so i'm not going to argue with jim. we both run diversified portfolios what i will say is i still continue to think that from a tailwind perspective, in a lower growth environment, it doesn't matter to joe's point whether we're contracting on the pmi or not. we are going to be in a slower growth environment and my view is that big cap tech, free cash flow generating, high profitability, big

i got a riding mower-- john deere, zero-turn radius, 54-inch deck, 25 horsepower. ( laughter ) >> stephenowing, mike. it's more exciting than you are. ( laughter ) pence talked about what his life looks like these days, insisting he's a regular guy. >> karen and i can confirm now with personal experience, you can be the governor of your home state for four. you can even be vice president of the united states of america, but you are still going to wait 25 minutes for a table at olive garden on saturday night at 7:00. >> stephen: olive garden at 7:00 p.m. that's a pretty hot saturday night. ( as pence ) "what, another breadstick? no, thank you, i'm driving." ( laughter ) one republican who won't be supporting pence is florida congressman matt gaetz-- ( audience boos ) --seen here cheering at the wrong part of the sexual harassment seminar. ( laughter ) gaetz has been accused of trafficking an underage woman for sex, but it hasn't affected his speaking schedule. over the weekend, he appeared at the ultraconservative group, turning point u.s.a.'s annual student action summit. gaetz will atten

when you have a strong company like john deere who is just suffering in the current climate that gavenvestors a great opportunity to come in and buy the stock post-earnings on the dip. right now i'm particularly looking for post-earnings plays. you have some tickers, that for example, have gotten completely destroyed all year and they have a lot of high short interest and they're actually rallying post-earnings. so i'm looking for stuff like thati'm also looking for strong companies suffering during current economic circumstance but long-term they will be great stocks to buy and hold. charles: nicole, i have a minute to go. i know you put out some extensive research here recently. i read you were moving toward value dividends. what does that mean? >> more than anything, charles, you know, if history does repeat itself, we anticipate these inflationary trend trickle through for quite sometime. that the market remains choppy but flat over all. in its simplest form we're just looking to get paid to wait. looking for that kind of intersick where we can see some a adaptation of cloud, miss

session d deere to report its quarterly earnings seema mody is back with more on what to expect >>> john deere wheat and corn prices stabilize. the street is also optimistic that the credits tied to the inflation reduction act will speed up deere's fully autonomous battery powered tractor to market. the current target is 2026 deere has its eye on drones and robots that is what got cathy wood interested according to research deere outspends its peers by one to two times on research and development but, of course, wall street wants to seep the bets pay off and better understand how it's tackling the on sl going supply change that have plagued analysts average price target of $388 and right now it's trading at around $366 and change. frank? >> all right, seema, thank you very much. >>> here is one thing jim and weiss agree on, they both own deere. what's your take on the stock? you hear seema talk about it being a more tech-focused stock. >> yeah, i actually -- the other stock has done so well going into a quarter, it always gives me some angst because the bar obviously is set very high so we saw

. >> up on the john deere she's decked out? >> she had rosy cheeks.e and out. >> in time, daughter jana married and moved away to a job in des moines. son billy went into the heating and air-conditioning business. but jason the youngest child took to the land. >> i really enjoyed working with him. i was teaching him. he is a good farmer. >> jason would carry on the farming tradition for another generation. and best of all, he and his wife shelly lived close by. bill and shirley soon had grandchildren to dote on. a happy family picture suddenly disfigured by the ugly murder of shirley carter. dci mark ludwick took the lead for the investigation. >> first of all, we want to identify all witnesses, we want to separate them and we want to conduct a face-to-face sit down interview as soon as we can. >> early on, the most important witnesses were bill, the husband, and jason, the son. ludwick assigned deputies to take the two down to the pleasantville pd. >> and she said do you want a cookie, coffee? >> in an interview room bill told investigators the same

. >> it's the ad trade it's john deere, which has worked out so well for most of us on the show, even you could add and look at mosaic, which i've been talking about recently i think that component, i think you're correct, i think that component of the industrial sector is where the opportunity is, and then i think at spome point you do look at logistics potentially and look at the opportunities there just in the ability to move around. >> cruise by rail, the rails should be benefitting as well. >> jim, you're talking about much broader industrial plays than just ag-related, clearly. >> yeah. right, and so i think this is a very simple question do you believe there's a recession coming or not. you know where i stand on it, but i'll state it for the record again is i don't think we're going to get a recession i think there is -- >> at all? >> i think there is too much -- sorry? >> at all? >> at all. >> some say we're not going to have it in '22 pla blah blah, i'm trying to get to the heart of the whole thing. so you don't think we're going to have a recession period >> period. i think

a machine that shakes almonds off trees in california and a john deere driveless tractor that tills cornincrease farm production by over 30%. not everyone is counting their corn before it pops. obviously a lot of this will affect jobs. >> well yes, these technologies are designed first and foremost to replace work that humans do with work that machines do. at the end of the day, those jobs won't be there in the same way they've been in the past. there will be fewer of them. >> patrick bauer is an expert on sustainable food system policy at the university of rhode island. he says farm workers and their families could soon be decimated. he also predicts something possibly more sinister. >> all of this new technology is made by companies who are now going to want a piece of the food industry pie. >> that's right. they want to make money by selling these machines to farmers and not just the machines, bust they want to monetize the data that those machines will collect from the farm and sell that data back to farmers. >> critics say this technology will cost jobs and the farm industry will be

. >> the takeaway is john deere is doing everything it can to get tractors and agriculture shipped toat the expense of lower margins, and hence why it cut the full-year outlook pricing was strong again, it's expected to be flat analysts have been quick to point out, shares with us comes after three years of strong results. the stock, we should point out, has vastly outperformed the competitors, but stock is trading lower right now, as executives on the call really detail those supply chain constraints that they are experiencing higher logistic costs, unfinished goods leading to higher inventory, the question is can they get through the issues and can the concerns ease during q4. >> seema, thank you. >>> when we come back, a role eliminated at starbucks. we'll explain how it's explaining to the reinvention plans for that company. >>> first, "squawk on the street" is heading to pebble beach. robert frank is live he's got more for us robert >> good morning, david the limited supply of new cars has just added fuel to the soaring prices in the classic car markets. we for to ceos of two sup

. ♪ i get around, round, get around, i get around ♪ ♪ i get around ♪ ♪ ♪ let's leave the john deere heretch a jon boat buzz on a catamaran ♪ ♪ and get a little bit of red on my red neck ♪ ♪ drop a lime in the bottom of a long neck ♪ ♪ find a boat that floats and get shipwrecked ♪ ♪ with some local honey ♪ ♪ let's take the country to the beach boys ♪ ♪ i get around, round, get around, i get around ♪ ♪ we'll drink 'em down, down, drink 'em down, we'll drink 'em down ♪ ♪ i get around, round, get around, i get around ♪ ♪ we'll drink 'em down, down, drink 'em down, we'll drink 'em down ♪ >> come on, chris. ♪ i'm talking way down south where the sun hits ♪ ♪ all them girls looking good gettin' sun kissed ♪ ♪ trying hard to catch a peek of where the sun missed ♪ ♪ turn 'em on to brooks and done ♪ ♪ we gotta take the country to the beach boys ♪ ♪ trade that red dirt in for sand ♪ ♪ show 'em how we tennessee boys catch a jon boat buzz on a catamaran ♪ ♪ and get a little bit of red on my red neck ♪ ♪ drop a lime in the bottom of a long neck ♪ ♪ find a boat that floats and get shipwrecked ♪ ♪ with

i'm looking at john deere, down 2%. >> by the way getting back to the meme stocks there is also thishis trend emerged because of zero interest rates. interest rates are backup to 3% and we still have a lot of people piling back into these meme stocks which to me, suggests that there's just a risk-on trade that people are already pricing in for a rate cutting cycle that's upcoming so more free money at play, but getting back to deere and some of the earnings inflation again hurting the bottom line at the tractor maker. they tried to raise prices not enough to cover costs. you're getting punished in the market on that, missed on profit and beat on sales and the full year is not looking great when they pay more for their items and parts. stuart: you should see how much the price of the tractor has gone up. >> but you said that they're fantastic machines. stuart: oh, i love them. yeah. drive them all the time if i possibly could. foot locker. >> speaking. stuart: now that's not a short. that's not a meme stock is it? >> no. stuart: behaving like one. >> that's true kind of a meme stock t

maybe a 50% chance of recession in the ballpark it's consensus in that context, you had things like john deereyou've had, i guess, the defense contractors are also helping the industrials, but it's not clear message under the surface, if this is a defensive posture, and they have gotten the message they should hunker down, or, if in fact, the economy is strong enough, to withstand what the fed has to do. >> the industrials complex has been driven by defense contractors and that's typically a more defensive posture by the market when you look at heavy machinery companies, caterpillar, deere, companies that are dependent on materials and dependent on the manufacturing side of the economy. that's what i would want to be watching into fall to see how that activity is going, to see how productivity is, and see what capacity utilization looks like, if it's affecting those names. now if recession probability and fear goes up, you're likely to see industrials and other cyclicals really get hit so far they've held in there pretty well. the market is not sure that we're headed for something catastrophic

states, john kirby, said, citing us intelligence data, that now russia is really preparing a disinformation campaign without falsifying evidence and accusing ukraine of like shelling a colony in a deerk, says john kirby, we know that the united states is not the first time look at such tactics actually declassify their intelligence data in fact, in order to warn the world and reveal potential future plans of russia, and we also know in the end that russia is not the first time accusing ukraine of its crimes. after the mass murder of people in buch, she also said that it was ukraine, uh, she did it after the shelling of the station in kramatorsk, the same accusations were heard from russia, now in the white house, yuli says that now russia can cite as arguments, for example, what ukraine said used hima rocket launchers after to attack this colony we will have to listen to john kirby in the end and what he has to say about this himself after i can share that based on intelligence we expect that russian officials are planning to falsify evidence to attribute the july 29 attack on the oleniv prison armed forces of ukraine, we expect that russian officials will try to frame the ukrainian

i drive a john deere tractor, on the farm when we wake up in the morning, we know something will be broke. so we wake up trying to figure out how am i going to fix things? really to me serving in congress is all about that. rolling up my sleeves, taking that farmer mentality, figuring out what's broke and how we are going to fix it and move on. that's the farmer in me. that's the southern minnesotan in me. that's born and raised. the d.n.a. that jackie and i have had in our generations of families that have built farm and agribusiness in south central minnesota. we inherited the best country on earth from the last generation. i think quite often of those that have given blood, sweat, and tears to give us the greatest country in the world. as i look at my seven children and children across southern minnesota and across this country, i know that we can do better. it's up to us to make sure we are leaving them a better country than we have been left. with that attitude, with that work ethic, and with my compassion and hope to meet all of you and work with you, i just very humbly say thank yo

deer, obama lee, you're not going to do with the law. ah, b b a . it was in the 1950s that our secretary of state john foster dollars proclaimed our policy is global. ah, ah, we started as a continental empire by clearing out the native peoples and other foreign forces. and we became and overseas empire by taking islands in various parts of the world. and then after the 2nd world war, we became a global empire. now we are playing on the whole bill here with the united states has always had a variety of tools to use and it's a tax on other countries. economic sanctions are, are often just a beginning. another thing you like to do is place some military pressure on the countries that you're talking about. and there has to be an effort to demonize that country and the leader of that country, particularly in our own press. and in the press of that leaders own country americans loved to think there were intervening and other countries to overthrow evil people. and if that's true, you have to make the person look evil.