klaus kleinfeld doubling down on aerospace. this cycle is so often misinterpreted, right? people keep saying the cycle has to end. they keep saying the auto cycle has to end. you're not saying that about either. >> yeah. i'm not. i don't know about industry specific cycles but i would say i'm not one of the guys who thinks a recession is around the corner. in fact, i think the -- as we look at the history of recoveries that this is a recovery that could go on for a long time because we've never really from the worst recession in 80 years, we never had that big bang recovery where, you know, you blowing the doors off everything and people are having 30% earnings increases because sales are up 15%. >> right. >> that hasn't happened. we've all been sitting here going, okay, you know, we hope for 3% organic growth this year, we hope for 4% organic growth. i don't think we've had that boom that followed an unbelievable bust and as a result of that, i think you can get extended longer. >> your numbers were terrific today and i think -- >> thanks. >> down day when before we knew

later, a live interview with klaus kleinfeld in a minute.s is a burrito made with chocolate, soybeans, and apricots. what kind of chef comes up with this? a chef working with ibm watson, on the cloud. ingredients are just data. watson turns big data into new ideas. and not just for food. watson is working with doctors and bankers to help transform their industries. today there's a new way to work. and it's made with ibm. ♪ ♪ >>> time for industrial production. rick santelli's in chicago. rick? >> all right. here we go, november industrial production, double expectations, up 1.37 if we look at utilization rates, they are also significantly better than we looked at. and they leaped a handle, now at 80.1. granted, we normally look for revisions to maybe mean revert, not necessarily the case on utilization. moved up from an originally released 78.9, now 79.3, mean us in one-tenth on production, moved up to 1.10. looking at october, november, production numbers firmed up following a weak manufacturing, first november number, week sense january 20

klaus kleinfeld has taught me that i -- that they're amazingly sensitive -- we learned that big truckrders have just surged to levels that they have not seen in eight years. it was jaw dropping. i saw it when i was on "squawk on the street." wait a second, guys, truck orders. it would sound pretty silly anyway, this may sound like a small thing, but in reality it's anything but. >> and eaton that this was be flying. sure enough, that's what happens. that comes on top the the fantastic auto sales. i can't overstate their importance. anything auto related, i couldn't believe the moves today. they were amazing. now we're getting a hugely important shift. precisely because of the belief that the industrial economy is improving. >> at least no for you, though i don't want you writing them off. the money is flowing in struf tech. host of little semiand big semiconductor, like kla, these are classically cheap stocks. i saw an initiation of sandisk today. skyworks solutions, we're talking seagate, cisco, texas instruments, emc ad net, these are getting terrific moves, and they're vied as indu

klaus kleinfeld, to knows more about germany than i do, he's say, listen, don't write off germany.uld have a turn. >> okay. i won't. >> again, klaus kleinfeld, cody, these guys are really smart guys. they have seen things. they're not hedge fund managers who just got -- who deliver alpha and say rates are going to 4%. they're not 4%ers. >> well, just a few days after we almost hit 18,000 on the dow, we're now 100 points from 17,000. bob pisani is on the floor. >> once again energy is leading to the down side. tech also down. i'm a little surprised to see that. financials are also weak. consumer discretionary also down, but these aren't big declines. you want to look at some of the major names, objections dental, all down fractionally. this is modest compared to the declines we have seen. i tell you what you want to watch. you said to watch the end carry trade. that's the classic safe haven play. so much money is -- any reversal of trend is something that the traders watch. middle eastern markets have been down, too. i put them up there. you can eabu dhabi, and the big thing i want

he echoed exactly what klaus kleinfeld the ceo of alcoa told me. you have to wonder whether they aren't huge goldilocks backers, given that they just boosted their dividends much more than expected, and announced gigantic expansions to their buyback programs. the latter can be spread out, but the former is real cash in the barrelhead. a true bet against these kodi kodiaks. so here's the bottom line. for most of the day, goldilocks' stories, like those good ones i just told, seem to portend excellent things for the close. but fears of an imminent russian financial collapse and the damage it will cause in europe tomorrow, well, it just sent the growling bears to sack goldilocks right before she escaped their lair. they threw her for a huge loss, a total beat down. and right now, it doesn't look to good for her tomorrow either. can i go to rick in florida, please? rick? >> caller: yeah. happy holidays, dr. cramer. >> what's shaking? >> caller: i want to ask about sony, with the negative publicity out, would now be a good time to take a position? >> no

we'll talk to klaus kleinfeld. bulls trying to regroup. the worst week for the dow in three years.spite the opec chief saying we're not going to change our minds. ten-year at