klaus first to you. so much attention is on top line growth.he year? >> well, it's a really strong quarter performance. and let's first focus on the profits. in our downstream business we had another record profit quarter. in the mid-stream business we almost tripled the profitability compared to the last quarter. upstream business we actually had another continuation for ten consecutive quarters now of improvement. on the revenue side what you have to take into account is that we have been growing our revenues in the value at business as well as our profits and at the same time reduce our footprint to become less vulnerable from the commodity side. the commodities prices have come down by 8% compared to year-on-year and we've pretty well performed and done exactly what we said. basically you see it in the profits. >> klaus, i appreciate your emphasis on the profits. that's why stock investors are excited. for the market more broadly people want to know is demand for aluminum and the products you make growing. is it reflective of a global marke

i mean, this may be the klaus rally. what's up?: when the analysts pile in, you said it's time to get in. you had a great conversation today, but despite goldman finally waking up to be the seventh out of 13 to rate it a buyer or outperform at what price is it safe to load up the cargo hold with aal? >> you have to be price sensitive. it was down 10% from the high. it'ser t it'ser the -- terrific. listen, they called it the top, but they waited. they didn't get it right. but my thinking is this. this industry is still hated. when i go on the road and i say i like the airlines people do this to me. >> boo! >> as long as they keep doing that we'll keep buying them. let's go to terry in illinois. terry? hey, terry. >> caller: jim, great to talk with you. booyah. >> booyah. >> caller: i've got aap, advanced auto parts. what do you think, buy, sell or hold? >> it's a buy. i have to tell you, i see a lot of guys downgrading autozone. this always happens, the economy is getting better. hey, listen, the average auto as we know from klaus k

klaus is a master deep ocean ship captain and a maritime attorney.aus, do you think that this renovation may have played a role? >> well, it's possible that it played a role. these super-structure modifications definitely affect the outcome of the stability of the vessel. but they are typically conducted under the auspices of a classification society, naval architects and the like. so they're closely monitored, and it's likely that it didn't have a direct impact on the outcome of this incident. however, as a ship's master or a chief officer when you're loading the ship, considering that perhaps it's a little bit more top heavy, you have to somehow counteract that. and the easiest solution would be to load water into the lower ballast tanks. now, when you do that, it increases the depth of the vessel, the draft of the ship. and considering that this ferry was potentially overloaded, there have been some theories about that. it hasn't been verified yet. but with an increased draft, you would have to release some of that ballast. and it would decrease t

up 70% since we spoke with klaus kleinfeld in early january.s a company that the market seems to love. a cyclical player whose earnings can explode higher if we get a marked improvement in the economy. they delivered a 9 cent earnings. a 4 cents earnings beat. they boosted the aerospace forecast and that's why the stock was up nicely in after hours. let's check in with claus kle kleinfe kleinfeld, chairman and ceo. welcome back to "mad money." >> good to talk to you, jim. >> it seems like this was the quarter that was the breakout quarter, you realized there are two alcoalcoa. one is actually starting to become a value added company. quite different from when you took over. describe them. >> yes, that's true. i mean, we basically look at the value at businesses. there we have two large chunks. our downstream business and the downstream business again had a record profitable quarter. then we have the midstream business, and we almost tripled the profitability from the last quarter. very much driven by auto sheet. then we have at the same time we

klaus cline feld mentioned almost everything positive.hat's the negative, nonresidential construction in europe. barry talked about moving aggressively into spain, italy, uk, his boots on the ground, i actually trust a little more than what policymakers say. >> interesting story in the times detailing what is a high rate of unemployment in the likes of a greece or spain or italy at 13% and the creation of the long-term unemployed, something we've been dealing with here and what that is structurally. >> we mentioned at the top of the show the greek ten years below six, when drogy said whatever it takes, it was 27.6. >> it was. >> now 5 and change. that's insane. >> a malcolm x moment. >> it was. >> that's who first originated that phrase, malcolm x. i think drogy has done a remarkable job, i think that these bank are replenishing. we used to joke about you know what bank, i'm not going to say it, it's like a jeopardy question and your were king at jeopardy other than watson, there is a tremendous burgeoning move in the spanish banks and us

and according to the isu president klaus who is collect all the structures involving organization of the games but the good impression. he buys organizers to think about a possible alliance of the objects at the universidad competitions it is are we going to a research institute of health has been recreated for the main goal is to promote sport among the population the latest news is that three w dot cardstock that stevie got kate said. more and more people than catholics the answer to that job refusing to put up their resumes and implement web sites. also the number of them for the opportunities that are being offered on top what else is going according to the experts of the research center at ten hundred catholics and the number of employers are looking for workers and at first it offers online in two thousand to fourteen will maintain its growth rate of twenty to twenty five percent not one but i do every year in almost every month the number of job offers is growing. for example for the month of january favorite overall twenty five to six thousand vacancies are posted as the same

mission into the valley because to this body klaus all around it. as we head into the 10:00 hour.more moderate line also. by tomorrow morning a whole lot going on. we will see sun breaks in with drier conditions for the entire bay area. low '40's in some places with certain thirty portions. warmer to marron with sixties and on the bay area 62 in fremont and sunnyvale and san jose. as for the sierra we're still seeing snow showers, more scattered and have their where the blue is located on your screen here to look pitcher extended forecast. tried to the afternoon after a that no land for quite some time. >> jacqueline: has a lead 8 and we saw as much as 20 in. s sun ski resorts if you like to see which one has the most just log on to snowbomb.com >> pam: the support still had a surprising new study about women and mammograms. plus terrify mamas for a young woman. as her dog is plus terrify mamas for a young woman. as her dog is trapped i[doorbell rings] hey. hey. what's this? it's u-verse live tv. with at&t u-verse... you can watch live tv from your device. hey. hey. anywhere in yo

and samual klaus was outraged by this but he was moved out of the state department. the reason that arthur rudolph was investigated by there justice department is that low and behold during the '60s and '70s, organizes would muck rack and try to get the justice department to look into this. they did and a special unit was created only in 1980 that looked at these war criminals. >> did the nazi skins scientist brought here, how did they justify that they were working for mankind and not killing it as a scientist and did they show remorse for what had been done? >> that is a great question. the first part is no. remember, there was mostly -- even a sliver of accountability on the part of the scientist. they also denide -- denied they were part of it. very quickly it became what they did not me. and that was always the position. always. always. and as far as remorse is concerned there was only one nazi physician out of all of the scientist i looked at who showed any remorse and that was a doctor named dr. fritz fischer and after the trials and he heard a gruesome bit of

alcoa chairman and ceo klaus kleinfeld will be here exclusively. >>> also facebook shares are down morest this past month, but is this free fall a buying opportunity? yes, you knew we were going to get to a stock brawl on facebook. we'll do that. >>> and one entrepreneur who's trying to get detroit moving again, by launches his own private bus line. i love this story. >> all of that at the top of the hour. we'll see you on "closing bell." tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. life's an adventure and it always has been. but your erectile dysfunction - it could be a questi

alcoa's chairman and skreismt o klaus kleinfeld will break down those numbers on "closing bell" at 4:00 p.m. eastern. don't miss it. >>> some of the best performing money manage serious work and live far from wall street. coming up the "power lunch", the top public next eggs. it rolls on. these are all money managers with performances any big name wall street firm would envy, plus phil and the crash test dummies. it's a new group fronted by phil lebeau. >> wait until you see this video. this is the latest crash test to come to us from the insurance institute for highway saif. mid size suvs incredibly popular, but are they say? we'll have the results when "power lunch" returns. er lunch". sploo marcus le mone will weigh in when we come back in two minutes with "the profit." the p" ameriprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advis

that's a lot of klaus kleinfeld's work, the ceo. but it's also not a sustainable increase in this a environment. even if it trumps the estimates by a wide amount, i don't think it will, it wouldn't surprise me if we get some first-class profit taking in letters aa. earlier, iaa mentioned that we don't have a lot of data points coming for the high flyers, but alcoa does do much more than just report its earnings per share. it gives you an overview of multiple businesses, including autos, nonresidential construction, aerospace, truck building, and consumer products, also, by the way,, utilities throughout the world. at least turbines. the good news,th this is a tremendous overview that many decisions can be made from. and we're going to dofr that. we'll extrapolate. the bad news, alcoa has nothing to do with the unwinding of the security, software, big data, and biotech names. so it won't bail out the losers when it says l how many good things are h happening. it's part of the real economy. you want a real-world dichotomy between the

this debate in class about what the commander in chief klaus went.ou would think that after all these years we would have some kind of idea. i thought instantly george washington. expand on my pieces. kirsten first ad thought to myself and i looked at this, why would anybody take on a project of writing about george washington? don't we already know everything that we could possibly know about this guy? >> so many great books on washington out there. what i love to do is make a twist to it and see what principles which can learn from his actions in the field as commander in chief to and form the understanding of the founders an article to section two, the presidents of commander-in-chief of the army and navy. the words of we don't have much on, what does it mean to them? and so i started taking into washington. interest in things that had not been spoken about too much. i don't think it's because on any sort of special researcher, but i think i have the benefit of the digitization of these materials. the george washington project at the university of

. >> klaus kleinfeld speaking there.3% after hours and in frankfurt is up another 2.4%. >>> constellation brands is set to report its fourth quarter earnings. our next guest thinks the maker of corona could surprise to the upside, doesn't think the stock's moumentum has run out just yet. thanks for joining us. the stock is up more than 100% over the last 12 months. you think there's more upside. why? >> yes, i sure do. if you think about the beer business, this company, we believe still has a lot of momentum. in fact, last week we raised our three-year beer buying forecast from 10% to 6%. the consensus is still sitting at 6%. we still think there's a lot more upside here. >> yes. break this down between beer and wine. >> yes, half the business is beer, the brands are corona, corona light, madella and madella light. >> you talked about madello. the growth, will it continue? >> yes, i believe it will. we think the number will be closer to 12% for this particular quarter. when we think out the next couple of years we think

alcoa ceo klaus kleinfeld. >>> that's it for today's show. i'm julia chatterley. "worldwide exchange." "squawk box" coming right up. ♪ [ male announcer ] this man has an accomplished research and analytical group at his disposal. ♪ but even more impressive is how he puts it to work for his clients. ♪ morning. morning. thanks for meeting so early. oh, it's not a big deal at all. come on in. [ male announcer ] it's how edward jones makes sense of investing. ♪ >>> good morning. u.s. stocks, looking to make a stand after another sharp sell-off led by tech and b biotech. >>> moscow warns ukraine that any use of force against pro-russian protesters could lead to civil war. >>> and the huskies of uconn are national champions, defeating the kentucky wildcats, 60-54 for their second tight until four years. i think they're fourth overall, not too many teams can say that. it's tuesday, april 8th, 2014. "squawk box" begins right now. ♪ in one shining moment it's all on the line ♪ ♪ one shining moment >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky

and samual klaus was outraged by this but he was moved out of the state department. the reason that arthur rudolph was investigated by there justice department is that low and behold during the '60s and '70s, organizes would muck rack and try to get the justice department to look into this. they did and a special unit was created only in 1980 that looked at these war criminals. >> did the nazi skins scientist brought here, how did they justify that they were working for mankind and not killing it as a scientist and did they show remorse for what had been done? >> that is a great question. the first part is no. remember, there was mostly -- even a sliver of accountability on the part of the scientist. they also denide -- denied they were part of it. very quickly it became what they did not me. and that was always the position. always. always. and as far as remorse is concerned there was only one nazi physician out of all of the scientist i looked at who showed any remorse and that was a doctor named dr. fritz fischer and after the trials and he heard a gruesome bit of

a great scientist klaus great friends with my husband's, always used to say anything that calls itselfscience isn't. i think history is absolutely vital especially in this case. russians are very proud of their loan history. they should be. they have also gone through a great deal because of their long history. it has taught them about suffering. i could tell you how do you explain suffering to a people who have not suffered? that is a challenge. that is a challenge. those are some of the things. i will give you the emotional side of things, not the political side. i have been working and going to russia since 1968. i was very lucky. i cannot tell you how lucky i was during that period. i am a private citizen, absolutely private citizen. i thought to know many many russians. i was the first foreigners they had ever seen. i began to share their lives. i began to see how difficult it was myself. so i began to see how different and how many misunderstandings there were, basic misunderstandings in this country about for russia. stalin was one thing but russia is not a new country. it is no

with respect to enforcement of these particular provisions, the band and the nonrecognitirecogniti on klaus? what authority beyond law enforcement of utah does the governor and the attorney general have? >> they have the authority to determine the policies for example of state government agencies whether those agencies will recognize marriage or not and that has become a big issue in light of the absence of his day in this case. there were number of couples that were married and is under the governor's and attorney general's authority to decide how the agencies of the state are going to treat those marriages. >> but do they have the authority ,-com,-com ma i mean the two allegations here are one and there may be more but the two principles are one the plaintiffs want to be married and are being denied the right to be married in 21 marriage exists and they want to wreck a nice as a marriage. what direct role does the governor attorney general have been either one of those cases? recognizing foreign marriages that have been established? >> they set the policy for the agencies of the state gov

. >> all you had to do was listen to klaus kleinfeld on that alcoa call where he's called out trucksof the companies, of the divisions. when you think trucks you should think cummins. >> although india and australia were considered weak and international in general relatively flat compared to what's going on here. >> renaissance in america, caterpillar took back the night. remember the united states had been a big drag. >> right. >> residential -- nonresidential construction, highlighted and energy for cat, you're going to hear energy for cummins. caterpillar is not done going higher. remember david, what they were doing, appro po of april of 2000 people were shorting s&p and going long wild growth. it's the opposite now. >> just like that. changed february 28th. stock moves up to suddenly nobody likes the fact they're spending anymore. >> heavily for china. >> when did that change with amazon also. you're right. >> couple things i want to get to -- >> it can change back to. i don't want to make it sound like -- >> it can change back to. allergan, so many reports involving allergan a

. >> klaus kleinfeld, i wish the stock were down, darn it, the big run makes it more difficult for thel over the map. mr. kleinfeld the stock is up from 7 an change to 12 on tough actions, closing factories that cost too much, getting the lightweighting of trucks and cars. i'm excited about what he's doing. >> how do you separate the capacity they've taken out with real mack kro economic activity some. >> the darn thing is a 5 million tons being added in china in the desert of china. you need water to make aluminum. the chinese are not sensitive to anything. they're in a put to work mode. it's insane! >> so? >> i'm saying the price of aluminum still set by the general -- >> marginal seller in china. any other big macro take aways we might want to get today? >> aerospace has been stalled. 2 million fasteners and screws in every boeing plane. autos. >> aluminum cars. >> we think that's been terrific. watch the truck build. a truck bull market everywhere other than brazil. stay tuned on the turbine business and what they make, they make the skin of the apple ipad, never talks about it. i