klaus: let's not forget we are moving in cycles. the world has become much more interconnected.lity takes part practically everywhere and in every sector. reinforced it has the consequences of the industrial revolution. joe: do you think a slowdown could bring down the economy of the u.s. and europe? i think we see a small acceleration of economic growth in the developed world and this acceleration in the emerging world i would say we should not underestimate the consequences of lower commodity notes, oil, we should discount the vulnerability in terms of foreign exchange exposure of some countries. i would be positive that i would see the potential for substantial shocks. fed has commenced a tightening cycle a lot of people think may not be a wise idea or good timing for that. how do you see the feds role in this? are in uncharted territory. we make a decision and don't know what the consequences are. are living in times of unexpected consequences. whatever position you take, you don't know exactly what will happen so we are not in completely control of what is happening. truste

klaus, thank you for joining us. >> thank you, klaus. >> klaus kleinfeld.m, those shares up after hours and maybe a lot of negatively has been priced in. >> it sure seems likes it to me. i'm gratified to see that alumina wasn't a big loss. so this is a big of an upside surprise to start the year. >> the conversation with alcoa's ceo with klaus kleinfeld will continue on "mad money." jim cramer, appreciate you joining us. thoughts, mike, on the report, the stock reaction, the outlook for this difficult sector. >> i think you hit it when it comes to the stock reaction, if you just look at the chart, a one year, two year chart of alcoa it looks like every other base commodity, and other commodity stock. if you have a little bit of a lift could suggest people have been braced for something even worse. obviously the story about alcoa is a little different because of the split. jim hitting that precision cap parts comp for the engineered materials business which is probably alcoa's dream that the world starts to look at it that way. >> triple the value. they're a

i chose to overlook those and after interviewing ceo, klaus kleinfeld, i recommended alcoa. i believe the price of aluminum won't matter and the glitch will be history. i was wrong. the market was unwilling to overlook anything negative. it totally turned against what i thought was a decent speculation ahead of the mid-year breakup. it sent the stock down. now, i have little doubt that klaus kleinfeld's decision to split alcoa with a dominant position is the right move. i believe the stock will react very positively to the larger sum of the parts way of evaluating the company. it could be huge. my push on what is the speculative grade situation is wrong. it would be short-term. just like with fit-bit, i misjudged the anti-pathy they have. now, i still believe in both stories. maybe this piece will mark the bottom. maybe we will look back and laugh. i think fitbit stock simply does not reflect the opportunities open to this company as a health and wellness device and overstates the landscape. when alcoa finally does split in two, tremendous value. i was wrong with the environ

let's dig deeper with klaus kleinfeld to find out where the company is headed. mr. kleinfeld, welcome back to "mad money." >> hello, jim. >> let's start with the businesses that will be part of the technically superior alcoa. automotive, china, 2 to 5, heavy duty trucking, china, 1 to 4. if you want to be in alcoa's markets, you'll have a good year in 2016, because you happen to be in the right markets, particularly in china. too bullish? >> well, a little bit too bullish in the environment that would have expected that after last year's finish, you know, we open up this year with so much confusion in the market. i mean, we know that the financial market swings stronger than the industrial markets. i think there is a lot of volatility in there and markets communicate. in general i would say yes, we've worked very hard to be positioned in the markets that have growth. and on top of it, we actually have an accelerated growth in their markets because we are alum nizing these places. in aerospace we've built our portfolios over the last year. all of our customers apprec

now, i have little doubt that klaus kleinfeld's decision to position is the right move. i believe the stock will react very positively to the larger sum of the parts way of evaluating the company. it could be huge. my push on what is the speculative grade situation is wrong. it would be short-term. just like with fit-bit, i misjudged the anti-pathy they have. now, i still believe in both stories. maybe this piece will mark the bottom. maybe we will look back and laugh. i think fitbit stock simply does not reflect the opportunities open to this company as a health and wellness device and overstates the landscape. when alcoa finally does split in two, tremendous value. i was wrong with the environment. that's a huge factor in what i should be taking into account when i do "mad money." i am issuing a mea culpa for i remain confident in the long-term value of both the them. degree gave women a motion-activated wristband to understand how much they move,... and created degree with motionsense. the world's first antiperspirant activated by movement, it has unique microcapsules

established in 1971 by german professor klaus schwab, the forum is known for its exclusive guest lists. at davos, colored badges define a delegates access to events. still, this years forum is focused on climate change, terrorism, and fears over the global economy. one key concern is energy prices. with iran now entering the already heavily supplied global oil market and chinas economy in trouble, some believe oil prices could decline even further. dennis nally, chairman of pricewaterhousecoopers says, quote, "some people are a barrel." endquote. have energy prices bottomed out or will they continue to drop? clarence: i don't know because nobody knows for sure but i think they're going to go down more simply because of the saudis are flooding the market trying to actually undercut our tracking and our oil capacity in the u.s., among other sources. eleanor: steel containers that you put the oil into the transport it now are more expensive than the oil. it's a dramatic change and it's reshaping the politics of the middle east. now, if iran wants to come in and flood the market with cheap

wal-mart la tienda por departamentos mÁs grande del mundo comenzÓ a cerrar varios locales en california, klaus cesantes entre ellos 10.000 en estados unidos los clientes reaccionaron a esos cierres. >>> es una pena que se cierre, porque presta servicio de maravilla nos queda a la mano, a una cuadra de mi trabajo. esta parte vengo a hacer mis pagos. ahora no se donde me vayan a mandar. >>> la impresa dijo que los cierres se deben al pobre rendimiento de las tiendas. wal-mart anuncio la apertura de nuevas sucursales para el prÓximo aÑo fiscal. >>> nos vamos a repÚblica dominicana, donde el espectacular crecimiento econÓmico de ese paÍs que registra el banco central, al parecer no refleja la realidad que vive la mitad de su poblaciÓn que percibe un salario que no le alcanza ni para cubrir sus necesidades mÁs basicas. >>> jessica nos muestra las diferentes opiniones sobre este contraste >>> el 50% de la poblaciÓn de la repÚblica dominicana, percibe un sal ri por debajo de los 15 mil pesos equivalente a poco mÁs de 300 dÓlares mensuales. este monto no es suficiente para adquirir todos los productos

. >> she says the sign will stay weather wall mark klaus nationwide and try to get rid of inventory is good news for deal seekers, most items are 75 percent off they announced last week week it would close 137 stores including the rockside road walmart in bedford , that location closes tomorrow . warning for people statements. >> activity has been reported on some cars used at wendy's restaurants the project charges were reported this month they say they have launched investigation with the help of a cyber security expert, wendy's encourages you to keep a close eye for any unauthorized charges on your statements. >> has seen them on facebook, those be like bill needs all over, the better business bureau says that it is click bait, that's when you see an article or quiz or funny poster generator that get you to click on it but you then allow them to access your personal information or to download a virus onto your phone or computer. >> it is called the smartphone for your grandparents, a search company invented a smartphone that is perfect for the elderly, it shows photographs were cont

tomorrow, mark klaus and then low 20s . they do still have to watch, eight astro the estrella goes astro the ghost of the southeast near the atlantic coast another chair of thene delmarva peninsula and then another one that is too close to comfort . >> have you ever had one of nothing seems to go right? >> that is what happened to the cavaliers last night, when they were blown out by the golden state warriors . a lot of fans cannot believe what they were seeing. >> that they can capture the reaction is perfectly innocent lives, here is a dog who is not impressed the cavaliers last night, and she belongs to a fox 8 news reporter allison brown, but think that if she could talk she would say in a. >> meantime today, the cavaliers tried to pick up the pieces from the tough monday night and. >> john telich joins us with the latest. the page if you look ahead to that is the time, they trailed by 43 points a one-time, they lost by 34 . . if it was a boxing match would have been stopped early, the warriors had a greater sense of ur

. >> reporter: well, after a difficult year marked by a steep decline in aluminum prices, ceo klaus kleinfeldounding an optimistic note. he said that the price declines the company saw in 2015 are unlikely to happen again in 2016, and he is also encouraged by continued strong demand. in fact, alcoa is forecasting record demand for aluminum in 2016 and is expecting growth of 6 %. he is also very optimistic about a fast-growing area of his business. that being the aerospace business as well. as he pointed out, the company will try to control the things it can and will continue to cut costs and rein in production in order to maintain profitability as it looks to separate into two separate companies later this back to you. >> mary thompson reporting. alcoa's results mean that earnings season is under way, and the overall results could confirm something that many investors fear, namely, that corporate profits are in a recession, about to decline for the second quarter. dominic chu tells us what to expect from those fourth quarter numbers. >> earnings season is kicking off, and some traders are wor

our part and you will see this reflected in the investments, the largest enterprise in the world as klausearlier said it was makes in coming years and its budget and i'm preparing this budget's now are specifically intended to deal with these challenges. so we will react but is not our preferred course to see self-isolating behavior by china and yes dialogue is the way to do this and we hope for a better result. i actually as i said i'm not somebody who is fatalistic. at the same time we have to work for good results and i looked over to working with all of my colleagues including the chinese to get an outcome that is win, win, win for everybody. that is what we have always stood for. everybody rises, that's our philosophy. >> sounds good. secretary general stoltenberg when you ask your colleagues who are the prime minister defense minister foreign minister are discussing where to go how do you properly judge between the issues and i'm referring here to the point there are certain challenges that are there everyday. terrorism reminds us on a big basis and they have these potential threats

rikki klaus talked to the woman s friend. sara greene/friend "she was just a beautiful soul. she was such a great friend."sara greene s body shook, during our interview over the murder of her good friend, jessica colker. the 39- year-old atlanta resident and her husband moved next door to greene last september. sara greene/friend "she was and she really loved to dance. that was her passion. that was how wet met several years ago, before she moved here, next door."on sunday around noon, colker and her husband were vacationing in grenada, walking on a beach in saint david. sara greene/friend "she loved to travel with her husband."the royal grenada police force told me over the phone a man attacked the couple, reportedly with a sword, and killed colker. officials say a person of interested turned himself in the next morning. colker worked at children s healthcare of atlanta as a pediatric anesthetist, according to online records. the hospital group sent us this statement, which reads, in part: "jessica was a valued member of our children )s team. we are deeply saddened by this h

and as we head into the overnight hours that system will pull away pretty quickly we're going to see klaus decrease later on tonight and the showers will come to an end across north carolina will start off friday with a lot of sunshine about going to continue as we head throughout the day on friday and it will be a little bit warmer with temperatures near fifty four today though temperatures generally in the mid to upper forties with about forty five and north of forty six enhancing the farther north you go on the lower the rain chances are you'll note is not thinking of one too many rain chances here across the middle peninsula also the eastern shore of northeastern north carolina you have a better chance for rain today temperatures climbing near fifty degrees forty nine and all of this city as well as current tab so here's a look at the seven day forecast not looking that forty five degrees today again the rain especially the heavy steady rain mainly in north carolina as we head to climb near fifty degrees the low fifties on saturday we're going to start to climb a well above what we sho

swap -- is with carl klaus schwab of the world economic forum. that china would still be willing to intervene if necessary to make sure that the speculators in the market would not be dominating and making a bad party for these small mom and pop investors. but there have been a lot of these steps in the market, with the circuit breakers and forced iservention, or whether it crackdown on shortselling, or a which funds towards hedge funds in china. there is a lot of uncertainty outside of china, and this guy was trying to as wage those fears. assuage those fears. rishaad: are there any crack in his view about the chinese economy? reporter: everyone knows there are headwinds in the chinese economy. he tried to paint a broader picture, saying they are blowing it between 6% and 7% annually, and they will for the next five years, he says. they will continue to be an engine of growth. here is what he had to say. translator: the world economy is now at a crucial stage in the shift of the force that drives -- that drives growth, and the chinese economy ha

. >> klaus kleinfeld, chairman and ceo of alcoa, thank you very much. >> thank you. >> "mad money" is back after the break. (ugh.) does your carpet ever feel rouou and dirty? our formula with a special conditioning ingredient, softens your carpet with every use. it's resolveve so you know cleans and freshens. but it also softens. resolve. a carpet that welcomes you. and to clean pet messes, try resolve pet expert. i've got two reasons to take care of my heart. that's why i take meta. meta is clinically proven to help lower cholesterol. try meta today. and for a tasty heart healthy snack, try a meta health bar. degree motionsense is the world's first deodorant activated by movement. as you move, fragrance capsules burst to release extra freshness all day. motionsense. protection to keep you moving. >>> it is time for the lightning round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. i tell you whether to buy or sell. when you hear thisisound -- -- then the lightning round is over. are you ready, skee-daddy? nick in ohio. >> caller: shouli

long as two as klaus >> pam: son the throughout much of the day today ahead of the next round of pounding rain >> britteny: will be a fine heading home for a. fee of a few quick plan read after work close to the 10 lisa to see more rainfall moving in a system that's approaching quickly two- part system set apart will get here as we head into friday night until saturday morning we get will be what start for you though storm tracking king tides and then seeing long-range swells that could lead to a little coastal flooding. the bad guys to go into effect march 0 when speeds between 15 and 30 m.p.h. dusty in some locations of the 50 mi. per hour. and watch for down trees power lines and and at expect another round of snow we could see what to 2 ft. of fresh snowfall more details coming up in the full forecast. >> pam: the tree mover several hours to clean the debris and reopen the road. crew >> pam: is still searching for missing server along marin county) is here with the latest on the search effort and missing server. >> grant: we can tell you this is turned into a recovery mission a search

she made a flurry of changes when brian and jessica klaus moved their plans to marry from 4:30 today1:00 p.m. yesterday. >> so many tears. i cried all of wednesday. we have a wedding. we got married. that's what matters. >> all the stories of the stress will fall away and we'll have only good stories to tell. >> they're never forget the date, right? on monday, the couple heads to warm, sunny mexico for their honeymoon. >> that will make things a lot better. good for them. >> they'll be able to thaw out. >>> right now at 6:54, we are checking out the nation's capital where we have a nice thick layer of snow on the ground. very picturesque when you look out that way. >> it's important to know from one shot to another depending where you live and where you are right now is a world of difference. >> it really is. one of the things that was pretty neat, they had63 a lumpgf so -- link of some of the scenic shots. this is one of the u.s. capitol. >> we want to take it outside now. the news 4 studio where we have someone who got hyped early this morning. you ran in here because you saw thund

with us will be with to bed with doing good on that from the wide view shows the next one embalm the klausffshore between now and then we should be looking for fairly mild bed to bed the storm could start arriving in the north they buy if the clock tonight will have a closer look of the timing, but the full check of 15 minutes. >>robin winston:. >>mark: 3 men that are arrested in the breeze and a connection with yesterday's bombing >>anny hong: on thursday five minutes at the starbucks cafe and traffic police but had made bombs guns and suicide belts >>will tran: he just got fired by the philadelphia eagles 16 days ago many fans all day all sports radio this morning there's skeptical than believing there is a fan reaction began about 15 minutes ago. >>will tran: we shall see it have yet to have a formal news conference and for the bay area media but as soon as he was officially hired him released this statement and said the is one of the losses store franchises and the national football league i realize the high standards and demands that this position requires and i am bridge to challenge

clouds overhead starting off most cloudy but we do expect things to clear we have a nice little gap by klaus the swanee make it was really brilliant sun rises temperatures still on the cold side we have met four is requested by pleasanton and livermore closer to the water of a closer to 50 degrees and that will be a bit mild for a is a nice way to wake up and the early morning exercises afternoon will be in nice 66 open 67 in fremont and 6467 range for the next few days thursday in very similar to today we could get some more 3 sprinkles come into play late thursday morning >>james: the storm system may fizzle out for you see too much are they and that's the way friday is playing out there was a chance of more stormy weather will talk about that come about half an hour. >>robin winston: a live look the traffic here on what's wrong 80 approaching the toll plaza of very quiet come from the east bay 24 the net sticky sure freeway 580 doing just fine through the maze and leading up to the westbound a connector is also clear in san francisco 8 to 10 minutes for the total trip from the maze gettin

. >> klaus kleinfeld on "mad money" last night.ersation with him and the play book for earnings season that comes out of their report. >> it's different now because they're splitting the company up. i was surprised and disheartened that alumina, which is part of the commodity company, the price continues to fall. so how alcoa did is a snapshot. it's continuing to go down. they're working mightily, but the reason why the stock is not up is that the actual decline in alumina and the decline in aluminum, no matter what they do, they're trying hard to stay ahead of the posse, but the orders for aerospace are good. i was disheartened to hear the acquisition they made was behind. that was new since the november outlook, as was the decline in alumina what can do you? this is a company with a half commodity business. commodities remain in bear market territory, even if you cut back higher production. it was not great call. >> still on track for the split overall. >> yes, mid year. but i would -- people might say, wait a second, how could t

klaus: dear friends, it's migrate honor to introduce li yuanchao, the vice president of the peoples republic of china. ex legislationy. it is a personal pressure to welcome you to dave oost. -- da vmpompsmp. i met you 20 years ago and since cultivated theve framework of our overall partnership with china, a special friendship. vice president li, your country is presently so much in the eyes of people assembled here in davos and some are particularly looking forward to hear from you . lated to the present and i'm sure particularly with the upcoming five-year plan that your country will find the right policy mix as it has always done in the past. and i think over the last days, we heard some encouraging signs coming out from china. is complex and i know how complexity is for sustaining. first the global international cooperation as well as pursuing the coordinated, free, open and shared development. nd and impact. and this will provide a useful input into the chinese government inside input into the chinese government. vice president li, you also will have a very special responsibility. not on

i guess they have a rematch klaus. you fight the winner? >> i'm not sure.h each other ther. charles: have you ever sparred with them? >> never. but if he defeats him again, he would fight me. so i told him to promise me that in 2016. charles: now, we know talking smack is part of the sport. does that make you want to beat him even more? you can be honest. [laughter] >> you know, my mind is already made up what i want to happen in the felony matter what he may say, you know? it is part of boxing. sometimes we've got to say things that the nerves just get the best of themselves. and trying to convince themselves what they had to do northing because this is a brutal sport we're in period. but a lot of people say how do you get mad at somebody you don't know? my mind is always clear. no matter what they may say couple the night of that figh. charles: plus i know you fight for your daughter. >> most definitely. charles: so nobody is going to stand in between you and what you want to get. when b what the public wants is a knockout. 25-0, 24 knockouts, if you are

. >> klaus kleinfeld ceo of alcoa was optimistic about the aerospace city. was a wow in terms of the results. >> one last thing, kelly, everybody is optimistic about aerospace except for when it comes to the biggest of the airplanes. the a-380 is on its death bed, it needs more orders or at some point airbus will face more -- whether or not to pull the plug. >> iran is apparently ordering a bunch, right? >> that's the expectation. whether or not they order those a-380s that's the key. these are the biggest of the big planes. >> the really, really big ones. phil, thank you very much as we mention the market still not taking it well, boeing sharing down about 3%. we will keep an eye on those. will the fed be forced to follow mario draghi's lead if he puts europe's interest rates? larry kudlow weighs in next. >>> welcome back. let's take a look at how we finished the day on wall street. we were up almost 300 points at one point earl whyy in the session. the dow managed to hang on to half of those gains, we went out with a gain of 115 points, the nasdaq was up l