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>> listen to klaus kleinfeld, a mixed security deal on friday. tes looking good. my tribute to klaus, he seems to understand exactly how well the world's doing. it makes it hard to look for 10% correction when he's doing the talking. >> jim, how upset am i supposed to be about the mylan deal, this inversion? >> i thought abbott did well. i'm tired of inversions. obviously inversions are the way to go. i'll be talking to jack lew, delivering alpha, they say in the treasury it's the republicans' fault. look, we're losing jobs. we're becoming uncompetitive. it's a natural to fix. who would be against this? it's ridiculous! >> i want to fix it. >> it has to be fixed now. i mean you know -- >> it's got to be fixed now and it's not going to be fixed. >> it's a major loophole. now if i'm in any other company competing, we talked about this with joe last week, you've got to do a deal, too. it's like you've got to call -- >> the problem -- jim, if you think everything's so deadlocked in washington, the question becomes, do you do a carl levin and block it,

holding ceo klaus kleinfeld in contempt. i needed bullets. i needed ammo. every night i said to people this stock at 8 and 7, it's a buy. tell you to buy it. all right. now what's happened? 100% later alcoa is the most loved materials stock out there. analysts adore klaus' approach to closing expensive plants. the critics who wanted the company to break up, the one who is flame me every day -- how did they get my personal e-mail? oh now they love the finished product and the downstream model. ceo kleinfeld, he was a dope, right? now he's a visionary! except here's the thing. the stock's doubled. the move's already been made. they use the equity offering to pay for the aerospace acquisition so then you can get in a lower price than the 16 bucks. i also wanted to out the clowns who told me to dis kleinfeld and i know all their names. but you know what, i've become in my older age way too jeffersonian to do that. my inner dalai lama would be none too happy. these are all examples of how poorly the market has been doing its job of valuing stocks. unfortunately

remember what klaus kleinfeld said. then the biggest and best engine maker reported a number that looked good on the surface but turned out to be disappointing to those who thought the cycle was improving. some one-time gains in there. eighth, the farm cycle. at one time so bountiful. that's just hit a wall. as you'll hear later in the show when we talk to agco's ceo. monsanto, those stocks have been horrendous. last but not least, the transports had been our leaders, right? we always talked about how commerce done with transport has been strong. gangbusters. but this morning's shortfall from united parcel sent a shiver down the spine of anyone who believed commerce was picking up. i remain a believer in u.p.s., but the disappointment was palpable. now, i still believe that most of these cycles are not yet played out. i think most are simply pausing. however, there's just too many of them pausing all at once right now to feel comfortable that the gimmicks and the one-offs can take us ever higher. as terrific as they mig

alcoa, we had germany's own klaus kleinfeld. >> market americanny on later as well. >> ray corn, commercialw, look, every time boeing has gone up at the opening, a seller has materialized, i want to make that point. my charitable trust owns it. if you want to buy the stock, wait until 10:30. that guy will come in, he obviously hates the stock. >> unveiling new variant of the 737, up to 200 seats trying to make a pitch to those low cost airlines around the world that could put ten more seats in, model changes completely. >> that's who's got the money. european airlines don't have as much money. this is a world travel story. kleinfeld always emphasized that he's got the wing, the fan, the fan is now made with aluminum. used to be made nit nickel. airbus, i remember speaking to jim mcnerney and i said, between you and airbus, on "mad money," he goes not at all, we don't care for each other. okay. >> they make coke and pepsi look like friends. >> yeah. those guys are buds compared to bowing and airbus. and one of the things he's making the point, airbus has a real edge if you don't let xm -- la