klaus kleinfeld. >> welcome back to nightly business report. baseed on how alcoa did in the third quarter, how do you think business will be for you for the rest of this year and going into 2013? >> well, it's a miktsed word out there. there's a lot of volatility. we see in the end markets that we confirm, the aluminum market is going to be about growth six percent. we took is down a notch from seven percent. as you just said, this is a decade where aluminum demand has doubled. there's high growth also here in the u.s. and we've seen that in the aerospace industry, very, very nice. we're seeing it in the u.s. automotive segment, very nice, and then there are on the other side -- i mean, coming down. we've seen the heavy truck segment coming down substantially, pretty much in the u.s., and building and constructions on the commercial building and construction side, there's still very little signs of life there. >> susie: you know wha, are your calculus telling you? we hear how businesses are weighed down by uncertainty. are they puting in more o

i'll speak with chairman and ceo klaus kleinfeld in a moment. take a look at how we're finishing the day on wall street this afternoon. the dow jones industrial average at the lows of the afternoon down 110 points. volume deadly. nasdaq down 47 points. technology one of the weak spots today, down 1.5% on the nasdaq at 3,065. the s&p 500 weaker by 14, about 1%, at 441. we're moments away from the quarterly earnings due out from alcoa and yum brands. let's get today' market reaction. good to see you, guys. thanks for joining us. >> thank you. >> mike, what are you expecting out of earnings this season? >> i think we're going to have a negative quarter, maria. looks like we're down 1.21 according to the cap iq consens consensus. i think we're going to have weakness in the materials sectors. i think there's going to be a surprising strength in financials and consumer discretionary. >> i know i've asked this a million times, but is it priced into the markets we're going see a weak quarter, or do you think the central bank easing and the money flowing

alcoa chairman and ceo klaus kleinfeld will join us.tching the "closing bell" on cnbc, first in business worldwide. ally bank. why they're always there to talk. i love you, james. don't you love me? i'm a robot. i know. i know you're a robot! but there's more in you than just circuits and wires! uhhh. (cries) a machine can't give you what a person can. that's why ally has knowledgeable people there for you, night and day. ally bank. your money needs an ally. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> three minutes left in the trading session here today. we've acknowledged the five-year anniversary of the peaks hit by the dow and s&p on this da

bear in mind, last night we heard from alcoa and klaus kleinfeld seeing a decline in demand for aluminumernationally. what about what you're seeing right now economically? >> we're seeing north america, the united states basically flat. that feels sideways. europe is down a bit, but our business in europe is heavily tilted to eastern europe and includes russia. our business is actually up in russia and eastern europe. brazil feels like the united states. china, i think china is growing at something far less than 7%. they've slowed down, and it feels more to us like 2 or 3%. >> really? >> wow. that's a real deceleration. still growing, but at a much slower pace. >> well, that's what it feels like to us in the business we're in. we're about half selling to customers who export their products and half to customers that sell domestically. if you look at things like electric power con sumts in china, it's flat. that ought to be a good indicator of the level of economic activity. i do think it will come back though. >> that's what we call burying the lead. you got our attention with that numbe

depot conference call is a thing of beauty and once again some of our companies, whether it be klaus kleinfeldme depot you read through their conference call you will know everything you need to know whether that stock is in a peak. on lowe's execution, not as good but they can come back, too. >> i at the lo of jokes about that how long klaus kleinfeld can talk because the call went on and on and on. you talk about granularity. >> memo to klaus, you're funny than you were on the call. work in the east german humor t is subtle and sly and worthy of you. >> oh, yeah, east german humor. i love to read those books and the east german jokes. >> that was a comedy for you. >> i like to watch that when i'm feeling blue because it lifts me up. >> klaus is remarkable. he comes on at 4:02 with maria and bingo, got the whole rap and the idea he has to break up the company he really just puts it to rest in the conference call. i like him. doesn't mean you want to own the stock but it's good. >> down 1.75%. >> look at the free cash flow. just reminds us that you want to know the real cash position and it's

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