when we speak to klaus kleinfeld, they have a very big business auto, very big business truck. can understand why klaus was a little muted about that particular end market. these are not numbers that are on fire but still at a very high rate. >> you're still resisting the peak auto school? >> no, i'm not buying peak auto because employment is -- i think employment's going higher. i generally think small business is hiring. i'm using numbers from american electric power which is the largest transmission company saying they see activity literally across all of their areas, which is strong. i think that's a great measure. as i used to use chinese electricity before the communist party seems to have gotten rid of those numbers. the u.s. electricity market is more strong, means more building, more business, more hiring. remember housing, we got the housing numbers. d.r. horton had a lot of things to say. >> invitation homes bought up 48,400 homes largest single owner d. >> whoever thought that was a business? >> i know. this is a reits going to open behind us $20 a share where it was

they're against klaus kleinfeld.his change in the valuation of what elliott is using, i regard it as minor. arconic is playing it up very big. i do say if -- you need some of these passive or less interested fund managers to come out. i don't think they have the numbers right now. >> as you're talking, guys, nasdaq record high and the dow joining it. hitting 21,025 or so, a fresh record for the dow. largely on the back of caterpillar, which got an upgrade today to overweight by barclays. >> it was amazing. look at this, boeing. some of these companies, i don't think people realize, because i think a lot of them just say, look, trump, trump, trump, and trump is weak. right now, it is a bad week for trump. we grade trump every day. the fact is, boeing has huge cash flow. the cash flow is the determinant of this quarter. boeing's cash flow, comcast, caterpill caterpillar's surprising cash flow. >> we started off the show with the comments from the chinese foreign minister th. boeing needs china. they split the orders 50

. >> arconic has 13 members on i board including ceo klaus kleinfeld. this is a developing story.will join squawk on the street this morning at 9:30 a.m. eastern time. clearly there's going to be -- this is going to be contentious. arconic was spun out of alcoa. some supporters say the package of the two stocks is up 21%. clearly elliott feel they have a case here. >> electrolux's q4 net profit came in line with expectations, despite a drop in organic sales. also saying the operating margin increased slightly to 5% as it is working towards rebuilding its north american market. >>> still to come on "worldwide exchange," a round up of the global market action and a vote in the uk on the so-called brexit bill. we'll have the details of that. stay tuned. >>> it's time for sports now. houston's police chief says officers are ready to handle any protests that might occur before or during the super bowl. in response to president trump's immigration order. he said officials have not been taken by surprise because the potential for protests has always been a part of the security planning e

klaus kleinfeld, they always insist calling him, the new arconic letter from elliott is not what yout if you're klaus kleinfeld. >> do you think they're using the doctor as a derisive way -- >> i think they are. i think the whole thing is meant to say this is a proef sor yal cfo and i think we -- i think it's weighing -- think already have their board seats. so i don't know. i mean, this is one of those -- this is very james bond gold finger, right? they don't want klaus to talk. >> they expect him to. >> and i just think when you read this letter, david, there's not -- they're making it tougher to have a little -- they're making it tougher to really kind of break bread, break aluminum. it's ratcheted up, is the way i look. and you've taught me that elliott does not necessarily -- they are tough guys. >> they are tough guys. paul singer's a tough guy. yeah. >> but this is one getting a little nastier is what i'm saying. >> yeah, they get nasty sometimes and back off, sometimes they don't get what they want, doesn't go there way, sometimes it does. >> for being that rigorous about the