first whirlpool maintained its full year earnings forecast. you would have expected a different number and made two major announcements selling their compressor business and the transaction should close early next year and doing that 1 billion tender offer i mentioned earlier. the one that just might retire 10% of the share count basically selling the compressor business to pay for this big buyback. so if you own whirlpool should you tender shares and get rid of it, just say i've had enough remember, the debt tender auction process began today. it's the company's going to be paying between 150 and 170 and $1 $155 stock is the bearish goldman s. going to be right? or will the more bullish but cautious credit suisse be right with its $170 forecast goldman is pretty skeptical about whirlpool's ability to make the numbers and see raw costs continuing to rise and margins are only going to come under more pressure as companies like lg and samsung start opening factories here in the u.s. to get around the new washing machine tariffs. they're all goin

or bank of america still has more improvement behind them that the world is excepts cal about >> whirlpool as well, is that a trade war related move >> no, it had nothing to do with trade wars it's just whirlpool wasn't reporting the results that we thought they should be reporting. when that happens our preference is to sell the stock and revisit it at a later date >> hey, bill, it's josh. what do you do with real estate investment trusts here >> we don't own any of them, josh our focus at oakmark is always trying to identify the private market value of ai company and then buy when it's at a large discount we find that most of the real estate investments never get into a large enough discount to make their way into our portfolio. i think because they're generally yield vehicles and a market that's hungry for yields it's hard to get them to sell at half or two-thirds of their underlying real estate value >> last night, john flannery, the ceo was at a ceo net event had this to say. >> we know we have great franchises we know we are run them better. cash, capital. so the nucleus of strength

mills and haynes brands also making the new low list, flooring manufacture, mohawk appliance maker whirlpooltire giant good year and vulcan materials. u.s. bank corp. and insure chubb both hit new lows. you might ask why aren't their more 52-week lows out there? because we are a long way from a bottom on the major indexes. the s&p 500 close at 2355 april 2017 that's the 52-week low to get to that low we would have to drop 250 points a long way to go the dow closed at '02,400 april 19th last year it would have to drop almost 3500 points to hit that level. back to you melissa lee. >> thank you bob pisani. tim, would you buy any of the beaten down stocks >>ic financials are defensive. inthe valuations are defensive i think they are going to do better in a higher rate environment until credit starts the deteriorate. some of the retail names, i think first quarter are going to be very good that's a case where earnings can support. especially when a secular thesis has been weighing them down. i think they have been given new life. >> retail is interesting early data suggests that march is a good m

whirlpool said profits took a hit about raw merial inflation. proctor & gamble, they also highlighted rising commodity cost andve denson, they saw price increases for paper as well. several companies like chipotle separately brought up higher wages as well. how's everybody coping? a few said they were just going to raise prices in response. ao smith which makes wat urificationsair prices is raising the price tag on its products by 12% and rising freight costs but not everybody cse afford to r prices. auto, apparel, tech hardware and househol a personal product f their seeing some profits under pressure. all of these sectors are impacted by higher commodity cost. fo "nightly business report," i'm bob pisani at the new york stock exchange. >>> and higher commodity cost could ripple through the stock market and the economy t over next week and a half or so. we'll learn a lot more about el both with these of more earnings guidance, economic data, a fed meeting and the employment reports. joining us to talk about all of that is ryan sweet. he's direc

hasbro and whirlpool and alphabet expected to report earnings. >>> the guardian newspaper states that sean hannity received help from hud over real estate deals. hannity is lengtinked to shell companies buying properties for ten years. hud helped him get two mortgages worth $18 million. and insured national housing act program. in the e-mail to the newspaper, hannity's lawyer said most people keep personal financial issues private. fox news did not respond to a request for comment. >>> michael bloomberg is writing a $4.5 million check. president trump pulled out of the paris climate accord. the former new york city mayor and billionaire tells cbs he will take america's share of the deal. >> america made a commitment and as an american and if the government is not going to do it, we have a responsibility. i'm able to do it. yes, i'll send a check. >> bloomberg hopes the president will change his mind and until then, he will fund the deal in the government's place. >> he called president trump a reasonably successful real estate developer. he was quick to point out this is a different p

alphabet, hasbro, whirlpool will listen to tariffs and corporate tax cuts. >>> the fox news host seanty received help from hud in multimillion dollar real estate deals. he did not disclose when he interviewed hud secretary ben carson last year. hannity linksed to shell companies. hud helped him get the $18 million in mortgages. in the e-mail to the newspaper, hannity's attorney said most people keep financial issues private. fox did not respond to a request for comment. >>> michael bloomberg writing a check to cover america's commitment to the paris climate accord. u.s. pulled out of the agreement last year. now the former new york city y city mayor will pay america's share of the deal. >> if the government will not do it, we all have a responsibility. i'm able to do it. of i -- able to do it. i will send a check. >> he will fund the deal in the government's place. >>> ahead, breaking news. the duchess of cambridge in labor with another royal baby on the way. live to london next. your company is constantly evolving. and the decisions you make have far reaching implications. the right

. >>> whirlpool is trimming its full-year outlook citing lower global revenue growth and higher raw materialrices. let's see what happens with steel tariffs going forward. >>> an fda panel is recommending that regulateders only approve a lower dose of an arthritis drug created by eli lilly >> eric, thank you >>> on deck, the future of sears. what the ceo's latest move could mean for the retailer and investors. >>> here in china sales of american-made cars and suvs are growing, even though the models cost thousands of dollars more than comparable editions sold in the u.s. i'm phil lebeau, what happens if china anchges its auto trade policy that story coming up on "worldwide exchange. ♪ tired of wrestling with seemingly impossible cleaning tasks? using wipes in the kitchen, and sprays in the bathroom can be ineffective. try mr. clean magic eraser with durafoam. simply add water, and use in your kitchen for burnt on food, in your bathroom to remove soap scum, and on walls to remove scuffs and marks. it erases 4x more permanent marker per swipe. for tough kitchen and bath messes, use mr. clean m

there were similar concerns from 3m, from kimberley clark and whirlpool and proctor & gamble and from many other. companies like pentar. the big issue is pricing power. can the companies pass higher commodity costs on to the consumers, margins will get compressed. some can't. companies like proctor & gamble, kimberly-clark, they've got no pricing power and that's one reason they're sitting at new lows. others might be able to raise prices but if they can't margins get hit and stock prices go down. so how does this relate to higher rates higher inflation expectations help drive up interest rates. it's a factor in why rates are higher. when rates go up, interest rate sensitive sectors almost invariably go down, because they compete against treasury bonds for people who want to buy higher yield. utilities it initially decline when the ten year hit 3% but then they rallied and they closed in the green and that's because the market decided the concerns over peak earnings and the whole caterpillar thing, they ignited was a bigger concern than higher rates. a lot of cross current today. mich

, i want to show you this you have great guidance from lily and lockheed martin and caterpillar, whirlpool, affirm, united tech and masco afirpd williams were a little iffy overall. the important thing is if you just look at this, you can see pretty good numbers. take a look at coca cola and united technology. caterpillar, modest numbers. lockheed had great numbers it's down. 3m don't do anything about not affirming their guidance, it's a mess there here. so the other problem is the rates, flattish. you look at the higher rates the minute we hit 3% david is referenceing that the minute we hit 3% on utility, we saw the whole markets drip lower. there's how they reacted i don't have all new low, every accepting him day now. again today, new lows across the board with all of the big names here finally fang stocks are down a fourth day in the row, facebook, apple, drifted lower this has become a fairly regular event there. the only brake throughs are energy stock they continue to hold up modest new highs in hes we need new rotation and leadership back to you. >> continuing along that earnings

like the xhp, equal waited stock with home builders, home depot, you gemt the who get everything, whirlpool at it that way, but all the elements i like is similar to what mr. miller talked aboutment i like it here an opportunity today >> maybe, pete, the way you play it, if you are worried about input costs or hurting margins, home depot could do well no matter what. >> where i was going with this i don't particularly like trading the whole builder. it's a difficult trade it's interest rates. that's a big deal. commodity prices, bob talked about lumber and moves seen across the board there, but i love the home improvement area home depot is my favorite stock. been in there forever now, and lowe's not as much as home depot. that's king. i think that's - >> why >> that's the one to beat. >> why not be in the builders? it's interesting that in a way with all of this demand, talking about prices going up, and, you know, sure, i understand there's pressures there, but it seems like it's good news. why don't you like the builders? >> here's the thing, how often do you say they are cheap? forever.

let's check in on individual market movers, shares of whirlpool bucking the down trend gaining 4.5% despite falling short on earnings expectation and they plan to sell the business to japan's corporation, and a billion dollars in cash, up 4.6%, and shares of waters tumbling 7%, and the company saw solid growth in china, affected by weakness in ya, down 7.5% >>> we were down 600 a short time ago on the dow, and we bring in art with your view on why the sudden declines this afternoon. >> a couple things going on. number one, for the past several days, we have broken a series of theoretical support lines, moving averages, trend lines, things like that, and that accelerated today. when we took out yesterday's lows, the selling accelerated. now, there's some people who follow something called the elliot wave principle, and that's a series of waves, and i wrote in my pre-opening comments that a couple friends of mine believe we may be in a down cycle in the elliot wave, and this may be a cycle three or four down, which could get a little ugly, and it did get a little ugly, but the primary concern

. >> we're not talking about an mcmansion whirlpool tub. >> right. >> so much of the case was built uponervation of first responding officers and emergency responders. they noted not only was ryan not wet. this man who had lifted his wife's body out of the tub just minutes before they arrived. sarah was also mostly dry. >> i noticed her body was dry. her hair was damp. >> others on the scene corroborated this observation. damp head, dry body. >> things were not adding up. it would seem to me her body would have been wet, the floor would have been wet, the carpet would have been wet. >> you're talking about from the time he says i'm taking her out of this bathtub to the time that other people are there, her hair is described as simply damp, not even wet. the carpet's not wet. there's not water dripping off of her hair onto the rest of her body. the floor is not wet. >> the officer noticed something else. the victim's fingers and toes. we all know what happens to them when they've been soaking in a bathtub. >> it was my understanding she had been in the water 20 to 30 minutes. i would have