so what happened to caterpillar stock today? it moved down slightly on the news but it ended the day in positive territory, in fact at a 52-week high. why is that? because the market is convinced they're just being cautious and that the numbers will come up sometime next year. investors would do well to listen to them. caterpillar would be a big beneficiary of any infrastructure spending. that's good news. but any big spending on roads and bridges, for example, is unlikely to happen before 2018. the bottom line? there's a lot of potential good news out there. but there's still not a lot of flesh on the bones yet. for "nightly business report," i'm bob pisani at the new york stock exchange. >>> the founder of starbucks will step down as ceo in april of next year. howard schultz, who turned the coffee house into an iconic american brand, will remain as chairman. he wants to free up time to focus on starbucks' new initiative, high end coffee shops, among other things. mr. schultz has no plans to step away completely from the compan

up 16%, caterpillar up 36%. i would say maybe i want more exposure to industrials, this job -- dropped roughly 10% going into the election. how much risk do you have to take on to be in caterpillar next year? mr. ubelhart: i think some good things have to happen to support the next move in the stock. earnings are expected to be up double-digit, sales down 2%. iss are that 15% eps probably too high. the largest companies are energy and mining companies. capital spending is down 60%, 70% from the peak. last -- next year people are thinking flat to up a little. vonnie: just briefly give us an explanation as to the difference between revenue and sales of equipment for caterpillar. mr. ubelhart: revenue simply includes their finance hub as well, but revenue is similar. there is a number that comes out at,y month that people look that is the dealer sales and market retail sales and then caterpillar sales are separate. they are down in every market. they have three business segments and every segment is down. oliver: y

and the one i was looking at here is caterpillar, looking at the january '93. you're going to sell one of the 89s and one effort 85s against it. the entire package will have a net debit of about 9 oh cents. that's less than 1% of the current price of caterpillar. clearly, this is a counter trend trade. this is one of the strongest performing stocks on the year. very hard for me to understand, though, when one considers, it's only about 10% off the its peak valuation despite revenues are down 30% and earnings down maybe 60 to 70%. so this is certainly looking a little bit expensive. hard to basically take that counter trend trade. this is where you can do it at relatively low cost. >> dan, what do you think of this trade? >> as far as the strategy is concerned, a bit of a dull swim and really smart strategy under the right circumstances. i think it's really important to mention that mike said sometimes low conviction. here is the thing. you also have to think about it as high conviction. because you're selling a further down the money put. you're naked short a p

caterpillar don't announce earnings until the 26th. this is going to expire before then. what would propel the stock below that level? hard to say. >> we're talking about a stock that's almost doubled off the low, and yet the stock peaked in 2011. if you were to look through large-cap assets and find stocks below where they were in 2011, you'll find not many. cat's a trading vehicle but as an investment it's not doing anybody any favors. >> bad news for chinese stocks. great news for one of dan's trades. who bet against chinese stock market last week? coming up next, he'll show you how to make even more. ♪ guyhey nicole, happening here? this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. hey nicole. hey! i just wanted to

it's more of a caterpillar than an elephant.

then my thesis on two of the most talked about companies in this market, caterpillar on the side. plus a medical company that's had a brush with the bears now. i'll get the scoop. stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com or give us a miss something? head to madmoney.cnbc.com. when it's time to move to underwear, toddlers see things... a bit differently. thanks to pampers easy ups... while they see their first underwear... you see the best way to potty train. introducing new pampers easy ups. our first and only training underwear... pampers' superior protection. so you'll see fewer leaks. and they'll see their first underwear. new pampers easy ups. the easiest way to underwear. pampers. my cold medicines' wearing off. that stuff only lasts a few hours. or, take mucinex. one pill fights congestion for 12 hours. guess i won't be seeing you for a while. why take medicines that only last 4 hours, when just one mucinex lasts 12 hours? let's end thi

caterpillar climbs today. it's up 68 cents. my suggestion. i say you bust the ole darn dichotomy. you want to bet on the mechanics of the market as much as the fundamentals of the economy. you want to seize on the fact that a pruned tree is one that often grow back faster than you realize while the other trees that aren't flowering right now will do so eventually. i mean maybe you need to buy them ahead of time. so let me give you two examples of what i'm talking about. if you look at the companies that will the single biggest earnings beats, you always come back with the same one. it was nvidia, nvda, the chip company for the internet of things, artificial intelligence, all those fantastic trends that are here to say. now, nvidia stock soared 30% when it reported its quarter. it's more than 165% for the year. while it's been pruned from 94 to 87 in the last few days, shedding $4.56 today alone, it's still up 20 points since it reported its quarter. we know why nvidia is pulling back. it's run too much. it's being used as a source of funds so money managers who don't have new mone

pfizer, merck, coke, caterpillar and ibm because they're big games now, perhaps laggard. as we talk about the dogs, keep in mind those stocks and the analyst outlooks for next year. i'm dominic chu. >>> feeling richer? maybe you should be. household wealth in the united states has hit a record. according to the federal reserve, a buildup of real estate and stocks helped drive american wealth to more than $90 trillion in the third quarter. and the number is likely even higher now, since the market has rallied over the past month. >>> the outgoing chair of the securities and change commission warns against rolling back wall street reforms. mary jo white says the rules implemented following the financial crisis are indispensable to investors and markets. and in her view it would be a grave mistake to weaken or dismantle them. >>> the house of representatives passed legislation that averts a government shutdown. the measure provides funding for government agencies. it now goes to the senate for passage. a provision in the bill will make it easier for donald trump to win confi

you got industrials like boeing and caterpillar, tech that is weaker, consumer names, health names. no pattern. just a general droop across the board here. i know this is a holiday season, volume is on the light side, we're getting exceptionally light volume. volume in the big etfs, financial, energy, is less than half of what it normally would be. that's exceptional, even on a

caterpillar trading was suspended over 2% just before trading was suspended. we will keep our eye on that. courtney collins has more from the newsroom. courtney: donald trump begins with what he calls his thank you soared today. the factory in indianapolis -- 800 workers jobs in new mexico. trump had made those jobs a part of his campaign. he later will hold a campaign rally. in moscow, putin made his annual speech at the assembly. >> an american administration based,carry on relations mutually advantageous basis. russia and the u.s., we are interested in resolving the global international problem in and ensuring -- courtney: putin also said russia wants to build its own present and future without unsolicited advice from others. government-sponsored hackers have lost a series of attacks on saudi arabia in the last weeks according to people familiar. the attack three on computers as well as five other targets. digital evidence suggests the attack came from iran. two new studies on cancer patients with psychedelic mushrooms are being held with breakthroughs. can

, you don't have enough caterpillars, you have a high mortality rate, it affects the whole population. keepers at chester zoo are celebrating the arrival of a very rare baby giraffe. this six—foot—tall youngster, who is yet to be named, arrived on boxing day. the rothschild giraffe is said to be one of the most endangered species of the animal, with fewer than 1600 left in the wild. time for the weather. chris fawkes is going to stick his neck out. i might become if you're lucky, simon! decent sunshine across. the cloud weather across scotland, particularly north of the central belt. southern scotland seeing sunshine. through the night tonight, initially across england and wales, cold. frost returning, could get icy patches on untreated roads and services, during the second part of the night things turning cloudy across wales and western counties. too much in the way of cloud for northern ireland and scotland to see frost developing. here is the forecast through friday. it's going to bea forecast through friday. it's going to be a cloudy day but there will be sunny spells breaking

this is obviously good for caterpillar. that said, it's a shame because it's all basically valuation extension at this point. the actual earnings projections for caterpillar are still going down. i will show you the forward pe for caterpillar is above 30 now. this was a stock that originally traded at a discount on the s&p. now there is so much optimism built in around it you can see how much the evaluation is taken off over the past year. think there is a lot of optimism built into this stock and we want to see how much comes out of it in a year. david: nike down 18%. mike: nike is seeing its sales growth slow low bit. mid to single digits growth compared to double digits. nike with such a workforce of the bull market. about 430%is up compared to 230% for the s&p 500. is not the only consumer stock. these consumer discretionary stocks leading the charge for a long time, that they basically passed the baton this year to financials and commodity stocks. nike seeing a little bit of a dip here. david: one constant is what happ

it has been a great year for caterpillar. >>> now this. frequent varney guest, grover norquist says liberals see the government the same way kids see santa. watch this. >> as i was talking to my daughters they wanted certain things. i said they're very expensive. they said, santa will bring them. it is free. and when you hear liberals talking about getting government money, they act as if it was free, as if it wasn't first taken by force from some american and run through the government but the government didn't create that wealth. it didn't treat those dollars. they took them by force. ashley: they took them by force. in other words, forced taxes out of you and me and everyone else but liberals say, thank you, government, that's great. thank you very much. they don't see the connection. would you agree? >> absolutely. they don't see it not because they don't care or thought about it, they have been trained to not see it by liberal leadership. think of campaign, hillary was seeing that horrible school debt you have, you shouldn't have to p

caterpillar leading here. as to jim's point about the banks followed by american express, jpm, gs. >> caterpillacaterpillar, asia 11 versus 12. europe down 25 versus down 14. latin america down 32 versus -- buy! buy! >> all-time high now on the dow. we passed 19,966 so never been higher than here. jim, we might have to start talking a lot about that screen that we're looking at. >> i'm speechless, although look at amazon. cvs goes up because walgreens up? no. carnival, people don't care about that guidance. honeywell, geez, they preannounced a downside and turned out it was to the upside. intel being dragged up by nvidia. i can play this game. united parcel, i'm getting a lot of parcels. >> apple is within -- it's been a while since we've seen a 52-week high on apple. >> boeing back all the way from where they reported that number, the defense stocks act as if trump never made that tweet. has trump tweeted today? >> he did. this morning he tweeted about president clinton and whether or not clinton called him t

caterpillar as use the resumes trading at two year high i believe. stuart: caterpillar was halted, and the company says potential infrastructure bill in the united states is going to have a positive impact in 2017, not a great positive impact but a little. stock reopened, gone up 1/2%, $96 a share, down stock and that is a modest upside, two year high for caterpillar. politics, nancy pelosi nominated -- he was challenged by tim ryan, beat him conclusively. welcome back, julie. are you applauding the win of nancy pelosi? >> i am not. stuart: 63-12, think about 1000 local elections. >> she is not responsible for anything but the house so let's not blame it on her. but yes, i agree with you. don't know much about her opponent but after all these years of losing anybody else would lose their job and she is not entitled to another shot. stuart: stuck within elitist from san francisco. >> they are not stuck, they voted for her. they are stuck the next two years. stuart: what happened in the forthcoming elections when you have way out far left keith ellison

caterpillar, construction equipment, big laggard last year. this year bouncing back in a big way. oil and gas, chevron up 32% if you factor in the dividend payments. ibm, a laggard for a few year in the dow, up 24%, walmart and merck, top five in terms of total return this year. if you look at the projected dogs of the dow, you have verizon, pfizer, chevron, cisco, ibm, exxon, coca-cola, caterpillar, procter & gamble and merck. we will see what happens at the end of the year. if you look at the projections for next year, analysts on average have some interesting targets. they're projecting if they're correct pfizer as the biggest gainer among that dow jones industrial average dogs set, up 23%. merck by 13%, coca-cola by 12% and after big runs this year maybe caterpillar and ibm giving back some of the gains. analysts have not upped their price targets. as we talk about the dogs of the dow, those stocks would be the ones to watch if those analysts are correct. dominic chu at the wall with your dogs of the dow. >>> dogs of the dow? cats of "street signs"? >> yeah. >> china's grand c

when you look at -- let's say caterpillar, for example. 2017, the company has already spoken to the fact that it will down on a revenue year basis. if you go back to the 1920s when the company first became public, it has never had five consecutive years of down revenue, which is what we're looking at right now. so with the mining markets, energy markets bottoming plus a boost from construction, we think the outlook for that company going forward should be pretty good as well. >> stanlestanley, thank you ver. >>> when it comes to investing, millennials may be starting to shift their mindset. we'll tell you what that could mean. >>> the photo sharing app instagram says it now has 600 million monthly active users, doubling in size in just two years. facebook bought instagram in 2012 for $1 billion. >>> as the dow approaches 20,000, more and more investors have happen have wanted to get into the game. as aditi roy tells us, one highly sought after group may be changing its attitude toward investing. >> reporter: when donald trump won the election, 27-year-old nick made changes to his stock p

in fact, caterpillar just gave you an idea, one of the stocks rallied significantly this year. really driven a huge part of the dow rally. caterpillar itself came out with a press announcement, saying they actually didn't believe the rally. actually, it's going to be still challenging conditions for them going forward. so i just think it makes sense to really just not get too overly enthusiastic about some of these cyclical plays. it may make sense in terms of expanding your portfolio strategy to include these names they didn't include before. let's not get ahead of ourselves. >> let's say i'm lucky enough to have, say, $10,000, and i want to put to work over the next few months. how would you start to salt that in, and where? >> that's a good way of putting it, tyler. actually salting it in. i think that investors oftentimes try to find the exact perfect day to invest money. i think the first thing i would do with $10,000 or any amount of cash is to drip it in over time. i'm not talking about days. i would say weeks, maybe even months. to move that over time. some of the secto

on top of it caterpillar xu compounded that. we spent a few years discounting that. the company has the financial wherewithal to pay a good dividend and buy back stock. now a period where things could be turning and the message is the market dons wait for good or bad news t. processes and discounts first. the same thing with deere. whipping through all-time highs as i'm talking. this is a stock that hasn't had good news for four years. five years and we don't know if it will turn but the market is willing to give the ben at this time of the doubt early. a lot of times you miss 30%, 40% of these stocks. >> the concern i have is the valuation. after the run that it's made -- by the way, where were half of the analysts and now here you're in the mid-90s and suddenly everybody loves it. >> if you had to make a fundamental case around a stock thesis, it was hard to make. what were you going to make it on? it could marginally get better. >> you don't want to buy cyclicals when they're cheap. you want to buy them when they're expense. they're expensive on trough earnings. i

caterpillar, the best performer in the dow on a total return and price basis up 49%. remember, it was a huge laggard last year, perhaps some optimism about metals and mining, infrastructure, that sort of thing playing there. oil and gas, chevron up 32% if you factor in the dividend payments. ibm, a laggard for a few year in the dow, up 24%, walmart and merck as well. those five the biggest total return gainers in this year's dogs of the dow. if you project out and things ended today, here's your ten stocks that will be next year's dogs of the dow. verizon, pfizer, chevron, cisco, ibm, exxon, coca-cola, caterpillar, procter & gamble, and merck. among those ten tocks hypothetically, check these out, five names possibly to watch. analysts say pfizer could go up 23% this year, merck by 13%, coca-cola by 12% and after this caterpillar and ibm giving back the gains. keep an eye on those. it could be names to watch in the dogs of the dow. back over to you. >>> one of the older and simpler ways of picking stocks but it works some years. for more on the markets let's bring in

some species are young and the production time is designed for the maximum time for caterpillars. therefore if you are out by a few days and you are producing eight young, you don't have enough caterpillars, a higher mortality rate and then that affect the whole population. now i look at the weather. we didn't have quite as much fun as we were expecting, more sunshine to go round. bcb filed here in the valley. clear blue sunny skies. through the rest of the afternoon throughout england and northern ireland clear blue skies and sunshine for the vast majority. wales and south—west england a bit patchy cloud at the moment. it will stay dry. as we get towards four o'clock temperatures will begin to edge downwards so it will begin to edge downwards so it will start to get quite chilly again. across the west midlands temperatures at the moment of minus two. still be felt from the night—time lingering. one or two places where that happens. in scotla nd places where that happens. in scotland and the other sunshine. threatening to brighten up for a time in the central belt. in the west

keeping an eye on caterpillar for you. cat is halted for news pending. it had been up close to 2%. when we get more information on what that news is we will bring that to you. >> we'll look through that. when we come back, why aaron levie has been anything but quiet when it comes to the election of donald trump. then president-elect trump making his first public appearance since getting elected. live to indianapolis with all the latest on that. >>> later, forget wall street. why main street's new enemy may be silicon valley. henry blodget and jeff richards weigh in. world ugly and messy. they are the natural born enemy of the way things are. yes, ideas are scary, and messy and fragile. but under the proper care, they become something beautiful. >>> let's send it over to dominic chu for a quick market flash. >> shares of skechers on a tear this morning on the heels of a filing that show ceo robert green burg bought half a million shares of his stock earlier this week. it was upgraded by buckingham. the shares have taken a beating since the highs back in august of last year. it was a

reflected at the caterpillar plant, how much of a change do you think this is? >> it is a tremendous change. american voter said so november 8, saying they want a new direct for our country. that is what you saw reflected in the vote of ohio, 17 of my 18 counties witness for mr. trump. he won every county in my 18 county district, except one, he came close to winning that one. shutabsolutely, i think we're looking at a new era of policy, pro-economic, private sector growth policies in america. charles: do you think there should be some cautious optimism. people are not going to wake up tomorrow, and a factory is not going to be in their backyard, although a thousand people woke up today, finding out they have jobs they thought they no longer had. >> there will be some things that will require legislative action, some he can do right away. unleashing and our national energy policy to go after oil, gas can cold, they might take -- coal, they might take legislative remedies but we have a republican house and senate ready if are that. charles: christian, a lot of pe

the hong kong team went for these caterpillar tracks, which made short work of the rumble strips. that is not a wheelchair, that is a wheel tank. that lack of suspension really gave the pilot a rocky ride on the uneven ground. and balance was the big issue as these chairs arrived at the stairs. the climax of the event, with three pilots all reaching them at the same time. as the hong kong pilot had to endure being thrown about, florian houser showed off the clever weight—shifting feature of the swiss chair, which ensured that he did not topple over. in the final seconds, the swiss team came from third place to beat hong kong by just five seconds. music plays cheering now, that was a tiny snippet of what was a really special show. if you missed it or would like to watch it again, it is still on iplayer. just scroll back to october. it is nearly time to go. first we have to check on our hatchling here. how is it doing? it has hatched. there it is. it is a beautiful thing. wake it up. wake up, little hatchling. oh, dear. now it grows up and you teach it things and one of the fun th

let's start with -- south milwaukee's plans for the future of the caterpillar campus. 1. how many south milwaukee buildings could the company accomplish? let's talk about the re-organization of wisconsin's dnr: 1. why is the agency considering changes? 2. what are some of the proposals? an old milwaukee tradition is back...and brian kramp is there's a new medicare plan in town called network health. and member events like this, are just one way we make medicare person to person. we've been serving northeast wisconsin with a personal touch for more than 30 years and now we're here for milwaukee. call now and learn about plans that let you see any doctor who accepts medicare, either in or out of network. with doctor visits as low as five dollars network health. we're person to person. fox6 wakeup at 4:30-- count on us for breaking news, weather and traffic updates until 9am. a look at this year's most popular tech gifts. and appetizer recipes for the holiday parties. and meet our next future forecaster. that's tomorrow on wakeup! the popular attraction is back at discovery

united health, caterpillar, and goldman sachs and caterpillar was up quite nicely and united health was one of the few health care stars this year. investors like the fact that they will exit obamacare next year. profits are set to grow well goldman sachs benefited from the big move up in yields this year. were just talking about the affordable care act and how the scenario will change. we will keep an eye on that. let's check in on first word news with taylor riggs. russia is the story, vladimir putin overruled his foreign and decided not to retaliate from the president obama expulsion of 35 russian diplomats. he said he would not expel his foreign minister urged that 35 american diplomats before it's to leave russia. the russians were kicked out of the u.s. in retaliation for russian interference in the election. the kremlin says the obama administration is trying to sabotage donald trump's outreach to russia. we will have more on this in a moment. in syria, the cease-fire is holding despite minor violations. russia and turkey worked at a true is between rebels and the syrian governme

look, if caterpillar's telling you basically don't buy our stock, i'm not saying caterpillar don't know what the heck it's doing. j.p. morgan has a very good note out today talking about which are the trough multiples for the internet stocks. they're saying facebook can be bought, they're also saying still too expensive. i look at workday and i know people don't identify workday as an important company but workday is one of the best run companies in the world. a software service company that's been instrumental in really digitizing and putting on cloud human capital management and financial. and when they say that brexit g8, when they talk about the election, they're not saying, hey, listen, things are about to get better right now. they're saying things aren't better. and that is going to put a chill -- that is a tough conference call. >> they also said they hope it will be isolated and short lived. >> david, what scared me the most is when the word hope was used. hope shouldn't be part of the equation. i don't want to hear hope. i want to hear we're okay. salesforce a few weeks ago sa

caterpillar, once again the top performing dow component. your point about microsoft yesterday too was interesting. $30 since nodella took over. all-time high today. >> i know people who work at microsoft who would have been happy to see 35. it was in the mid 20s for so long during that period, but, i mean, put the cloud guy in charge. plurks a whole different tone. certainly different morale happening at microsoft right now. in the mid 60s, wow. who would have thunk it? >> it shows thaw the kind of tech that's working at the moment anyway is not, you know, kind of old hardware plus app. >> we'll see how much of a bite they're taking out of fedex when fedex reports after the bell. fedex and nike, two names that will be reporting after the close. a little bit of a busy earnings day. you had general mills missing expectations this morning. really weak quarter across the board. i wonder what fedex will say about this quarter in particular. >> fedex in particular in terms of economic, though, whether that's the one you want to watch. nike is mor

most likely any infrastructure gains for caterpillar and other industrials will an 2018 year event at best. i'm bob poe is an any, cnbc business news. >>> the first u.s. nonfarm payrolls report is due.poe is a business news. >>> the first u.s. nonfarm payrolls report is due. dow jones forecasting 180,000 jobs added in november. goldman sachs, morgan stanley more bullish forecasting an addition of 200,000 positions. and that is after the lower than expected figure as said in october with hiring easing ahead of the vote. returning weath hurricane weather also weighing in. >>> and european markets lower across the board. ftse down 1%, italian market off by a little more than 1%. some pessimism coming back into the market about the telling referendum, some caution ahead of the nonfarm payrolls report. worth noting that the italian markets were high for the last three trading sessions, drought performing t outperforming the european markets. >> and pushing yields lower despite the uncertainty. but maybe long term they're thinking italy won't leave the eu tomorrow. but maybe long term they'

caterpillar among the leaders reported machinery sales in the and stiff competition might kick the shoe company's stock. we'll talk about nike. >>> in politics, the president-elect donald trump may be in florida but the transition agenda is not cooling off by any means, now there is one economic heavyweight who was thought to be a done deal for the chairman of the council of economic advisers could now quickly be slipping away. as usual, charlie breaks it and does so next on "countdown." this is your daughter. and she just got this. ooh boy. but, you've got hum. so you can set this. and if she drives like this, you can tell her to drive more like this. because you'll get this. you can even set boundaries for so if she should be here, but instead goes here, here, or here. you'll know. so don't worry, mom. because you put this, in here. hum by verizon. the technology designed to make your car smarter, safer and more connected. put some smarts in your car. ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning whe

most of the money goes to just a few big companies boeing caterpillar in ge. some principled republicans move to kill this and almost did. >> they almost did. spin table. it's probably going to be rather rise. john: they can kill anything? >> here's the thing why should taxpayers be on the hook to help the state-owned airline in ethiopia by airplanes from boeing. who decides whether boeing gets a subsidy and who decides whether ge or caterpillar who decides whether ford or chevy could get a? it politicizes the economy and that's a dangerous. john: i ask you on social media what is the worst crania -- cronies and you have. sean says the pharmaceutical industry. price-gouging so nobody can enter and compete. he is right. >> it not that nobody can compete. it's the fda has total power over which products will not be allowed and to get a new drug or device takes 10 years, billion dollars. that limits competition to the few. recently people got mad because the cost of epinephrine pence have increased from $100 to $600 each. >> that's because of the psyche price of

>> you are saying sell caterpillar? >> i think it's a neutral, if it gets further away from $89. that's your best case. >> the market itself is over its skis -- >> particularly in machinery, we baked it on the upside, and none of the downside, what happens when steel prices go up and that you have no pricing power, and what happens when the dollar strengthens and you are a global competitor, and what happens if anything happens in trade wars and nafta, and i think once we get into 2017 reality will bake itself in, and that's why it will be a perfect neutral, and that's about it. >> i saw a clip on president obama where he made a joke about shovel ready projects not being as ready as he thought, and maybe we need a new name, and people say shovel ready and people roll their eyes at this point. is it possible that a builder, somebody who has done this type of thing would be better at doing this? can the government really do this right and do it with some private sector involvement and financing? >> the problem around the world, we have learned it's difficult to put private and publ

caterpillar and goldman sachs, another major winner all up over 30%. on the downside, nike, coca-cola, disney, these were misses. nike lost market share. coca-cola came under pressure. that was a laggard. down 3%. disney lost 1%. nike lost 18%. there were high hopes for dow 20,000. i wore this hat over and over again. dow almost 20,000. we'll still have that one but i got another 20 and that is the 2017 glasses that everybody gave out. at i want to wish everybody a very happy new year are. cheryl: not putting them on your actual face. >> fine, fine. i want you to party it up. melissa: we're cheering for you. happy new year, nicole. thank you so much. phil, let's go to you, cme, i don't know if you have a hat or glasses but figure for oil. 45% jump. what is next for you, sir? >> what a year comeback. i do have glasses but these are from 1776, different year, same glasses. anyway, no, to make a long story short. what a come back for oil. you remember a year ago how dooming and gloomy output for oil producers. people cutting back on $10 a barrel and five

i have a caterpillar chart. do you know what you've done in 2016? >> we're doing pretty well. >> up 50%. >> nice round number. >> i also notice a slight upward trend since november 8th. you work as hard as you can every quarter. >> it's that simple, joe. here it comes. there is some truth to that actually. and actually what we've talked about -- we talked about this a little bit. there's an optimism out there that helps people. and everybody wants to be optimistic about the future. short lived or not. it's been fun to watch. >> people out there are doing a drinking game with animal spirits and they take a drink every time we say animal spirits. there's a reason we say it so much. because how else do you explain what we've seen in stocks like yours since the election? how else would you explain it? >> you start out with the fact the economy isn't dead. it's a 2% economy. we surveyed yesterday, our ceos say gdp of 2%. and we start from there. but we all know and all of us know that in business there's just a few things that we could do that we ought t

the ceos of caterpillar, cisco, dow chemical, u.p.s. and many others. plus an extended interview with special guesthouse speaker paul ryan. all that begins at:00 a.m. eastern time. absolutely must-watch viewing here. become on "worldwide exchange" in a couple minutes. >>> good morning. u.s. stocks soar to record highs and global equities are jumping on hopes of more ecb stimulus. >> the ceos of at&t and time warner will go to capitol hill to defend their deal. >>> and never say never. joe biden meeting colbert and the late night comments are trending everywhere. it's wednesday, december 7, 2016, you're watching "worldwide exchange" on cnbc. ♪ >>> good morning. welcome back to "worldwide exchange" on cnbc, i'm sara eisen. >> i'm wilfred frost. good morning to you from me as well. >> let's check in on the global markets. another round of strength in yesterday's session, though led by tech. some big names that have been beaten down since the election like amazon, facebook, they showed some strength with the nasdaq outperforming. nasdaq futures up almost

if you don't you have to bundle up like -- it would be like a caterpillar. you to put your arms in your sleeves and bundle up. >> in the east bay the morning ice near columbus highway caused a drive tore lor to lose contro crash. the driver was treated with minor injuries. another isolated accident lead this pickup truck to flip on its roof. miraculously the driver walked away. in rodeo a 4 inch pipe burst. they have not confirmed if cold weather was a factor but another water main burst add 7th and m alma. i'm chuck coppola. nbc news. >> thank you. it is cold here but nothing like the rest of the country. lots of images here of the freezing winter blast. it is gripping much of the country now. record lows reported across the upper midwest. holiday shoppers praised the outdoors despite a windchill of minus 24. >>> the chicago bears played one of their coldest home games, windchi windchill -4. >>> get ready for the monday morning commute. they will bring you up to the minute on the road conditions in case there is any freezing. >>> a woman killed in an east b

>> yes, it has. >> caterpillar. >> yes. >> nike -- >> now, nike reports this weekend. we're not getting any good feel whatsoever about that. caterpillar is very much regarded as a china play. the financials are so strong in the dow. i'd like to see some of the drug stocks do better. they've been -- there was a downgrade of merck today. i thought that the st. merck, i thought that was ha ras si. >> bristol got an upgrade. >> yeah, i thought it was not facetious but not so great. i'm getting some heat on twitter about the strength of europe. but let me give you a feel, there's a bank. mo monte depaschi. i'm not as concerned about europe and others because they're misdirected and haven't done their homework. this is the oldest bank in europe and everyone is just ignoring it. deutsche bank just went up four bucks, they could easily do a rights offering. this is a banking system. unicredit did a recap last week, if you can ignore the possible destruction of the oldest bank in europe, it's because you're continent is strong. they haven't done the state, country by country, h