the manufacturing side of the econ economy. >> small ag and turf, by the way, that's me on my john deeren tractor. maybe not wearing this vest, because it's too nice for that, but i do -- the problem with the -- with deere's numbers today, everybody knew they guidance was going to be down. it was down 15% to where the street was, and there's margin dynamics, so, guy hit it, i mean, the -- the numbers to the multiple aren't terrible, on a trailing basis, this was 11 times. really attractive. as you bring down the earnings, and those are going to come down remarkably. this becomes 15 times, you know, on a forward, which is a total different story. >> valley trade or valley trap, grasso? >> it's down 13% year to date. the only thing bullish that you see is that the farm bill, which is, i guess, voted on every five years, was extended through september 2024. the bulk of that is not going to a john deere, but there are subsidies in that, there are subsidies for farmers, so, maybe you see some of that as a tailwind. i think to your question, i think it's more of a value trap now. you have to s

john deere is selling at 360 with a couple hundred million shares, 300 million shares of 288. i forget the number. bottom line, we think you're going to double your money. short term the stock is delisting and certain entities can't own it. >> i mean, for those people who aren't familiar with the stock, they make heavy machinery. it's john deere-type stuff. >> case new holland, when i was a rookie analyst, i would visit them in wisconsin. they then relocated down to houston. going back to one more dynamic. advertising. you asked me about it. you're going to have a tsunami in political advertising in 2024. i'm asking every viewer to tribute to their favorite politician because they're going to spend it on my advertising on broadcasting stations. >> he's got an ax to grind. >> including cnbc. so, brian, if he's listening, comcast will do well. what tv stations will benefit? tenga has been buying stock back, they're down to under 200 million shares. that's 3.2 billion market cap. the regulators turned down a deal to be bought at $23 for some -- they did it in a very interesting w

john deere is down five point 5%. crop prices are down which means farmers are not gonna buy a new tractor. having its worst days since may of last year. finally oil, there were supposed to be an opec-plus meeting but a disagreement over production. maybe saudi arabia is not so happy with other members of the alliance. crude down 3.93%. we are trading at $74 a barrel. guy: the uk's exchequer announcing a cut to business taxes and the announcement comes before a general election which we will anticipate that will happen towards the end of next year. >> we promise to half inflation we have hafted. we will get to inflation at 2.8 at the end of 2024 and we expect our economy to grow and after that in 2025. we reduced debt, cut taxes and reward work. we will increase the local housing rate and it will give one .6 million households an average of 800 pounds of support next year. i have decided to freeze all alcohol duty until august 1, no increase in duty on beer, wine or spirits. i will invest 500 million pounds to fund fu

well received by shareholders, dividend increases, very low multiples, 13 on caterpillar, 13% on john deeresimpson, great to see you as always. thank you very much. >>> that's going to do it for us on "worldwide exchange." we've got "squawk box" coming up next. thank you for watching. we earn your trust. maintain our financial strength and stability. and deliver solutions that meet complex needs. massmutual. partnering with financial professionals, benefits brokers, and institutions. c'mon, we're right there. c'mon baby. partnering with financial professionals, it's the only we need. go, go, go, go! ah! touchdown baby! -touchdown! are your neighbors watching the same game? yeah, my 5g home internet delays the game a bit. but you get used to it. try these. they're noise cancelling earmuffs. i stole them from an airport. it's always something with you, man. great! solid! -greek salad? exactly! don't delay the game with verizon or t-mobile 5g home internet. catch it on the xfinity 10g network. >>> good morning. election results still rolling in. democrats celebrating in kentucky and virginia,

if you look at anything from john deere, they cited a weaker outlook on the back of lower crop pricesnd higher interest rates impacting demand for tractors. if you look at banks, demand for credit is down, as our home sales. basically higher interest rates have long and variable lags and are starting to infiltrate our economy, which means you have lower growth. you look at the pmi. it contracted again in november, the sixth consecutive month of being below 50. i see lower growth. i think as an asset manager that means you have to be pretty technical about where you can find growth or create alpha. i will stop there. yvonne: is that still in the equity market, you think, or are you tilted more toward the fixed income side? barbara ann: i think these are pretty formidable headwinds. retail piles and this month -- piles in this month. i like fixed income. i think a 5% risk free rate is not bad. i also like private credit. i am of the view that demand is moderating. that does not necessarily mean we will have a great stock market next year. if demand is moderating, guess what? employment

i'm gearing up for the john deere opener this weekend.vorite traditions, jim it ranks right up there with watching "mad money" from my dinner table each and every night. >> thank you very much thank you. >> caller: you're welcome. on yesterday's show you mentioned growth company laggards, quality companies that outside of the magnificent seven may have been forgotten about or overlooked by the money managers >> correct >> caller: i wanted to get your thoughts on etsy and how money managers might be looking at it in this environment as interest rates fall and the fed stops tightening >> it is funny you mention it because i've got to tell you something, mike, i've looked to think about whether i should put etsy on the list because i think it's turning right here. but i didn't have enough hardcore evidence to do so but i think that josh silverman is going to get that thing going again and you're not getting a bad price at all so i am blessing that idea and i thank you for all your consideration. don't be fooled by the street's reaction to on

john deere, kase? they are beautiful. as long as they are made in this country, we like them.wn the investigation into the wuhan lab. he canceled my program so shut -- program to root out chinese espys. we have strong tariffs. at the beginning, when i put the tariffs on, great negotiators, they said we don't really care. i said, let's raise them. we raised them to 20% to 30% to 40% to 50%. then one day they came in, look, you have to stop. you are killing us. i said, oh, did have an impact camino? they are great negotiators. they pretended they did not care and that really just led me to keep doing it. biden let china open up military bases in cuba, 50 miles from our shores. it's so bad. anything bad they don't talk about. they don't talk about the afghanistan withdrawal either and i was going to withdraw too but with dignity and strength in the soldiers were going to go out last and we were going to keep bagram, just about the biggest airbase in the world. eight feet deep in concrete. we can hold anything and we gave it up and i did not want that for afghanistan. i wanted it

starbucks baristas, delta flight attendants, kellogg's and john deere factory hands. railroad hands. dockworkers. screenwriters and many other groups have to unionize or to win better contracts under existing collective bargaining agreements. in april, 22, two years after christian smalls termination, a majority of workers at jfk voted to voted to have his independent amazon labor union represent them in collective bargaining. america finally isn't china. our political tradition cherishes human dignity and popular counter pressure against. elite, elite power. while the united states has always been a market society, the country has also given rise to many honorable traditions that have sought to bring the market system humane, democratic control from the jacksonian to progressive to populists, from teddy roosevelt to franklin roosevelt and to nixon and and sorry to nixon and eisenhower. these traditions played decisive role in forging the first version of political exchange capitalism in the previous century, and once more, it's up to american workers, to our leaders,

is interesting for global wall street today is the arch accounting textbook of caterpillar and john deereoint here -- glad you brought this up -- because it is a bellwether for the american economy. it is essentially boeing equipment without the romance. lisa: if you take it to a point you have made before, prices are going down and this is weighing on the company. tom: goods. lisa: and the ability to invest in a significant way. we are seeing the flipside of that in a disinflationary environment. tom: listen to you. you have taken the kool-aid -- lisa: i listen to you. [laughter] tom: listen to ferro at least. not me. corn from the peak eight dollars a bushel and amrita send is going, why am i going on? they are quoting corn. down 42%. lisa: and less of a need for tractors. we will park that conversation. we want to speak with amrita sen at energy aspects as we try and understand what is going on at opec+. amrita: we were already starting to hear rumors this morning. we have been told the meeting could be virtual. the timing of cop should not be underestimated because it does overlap. th

john pyro, kat timpf. this is well. a show.a >> hey, let's do this. greg's flying deer, a pick upa k truck news.tory about this is that the truck was fock news.out thi? and the guy was there and he was about to buy the truck. and then this happened the tru. >> the truck on the left. so that knocked the price down from 9400 to 8500. >> o4 hundreh i didn't ask for . >> wow. nice jumping on that deer part . >> a little bird recovery. yeah. >> there you g ah.o. >> all right, jessica. okay. okaye, indeed, seeing double 17 times a pennsylvaniaa sc district has 17 sets of twins,ho one in the same graduating class at a lot of ivf. i presume. colonial. the school district, class of 2036, has been dubbedstrict,r garden. wishing all the teachers luck and telling these kids apart. martha. oh, today was the big 100,000 k bike ridbie that george w bush does every year. the former president, dr. marcru ,was out there with him. and it's a ride forwith t our warriorshe and a wonderful, feel good event that they do every ♪