honeywell, so far, it's caterpillar, then honeywell. and then united technologies and then sadly 3m. just not great for 3m. >> they continue to have a review of that business. both engaged in that to decide or help the company figure out whether to separate out its aerospace business under some pressure from dan logue they've decided to do that. >> the ceo has got cart blanche from the previous ceo. i do suggest that -- here is what i say about it. >> about honeywell >> if that stocks go to 180 on that, he will do t it's literally how the chips may fall he is not wedded to that model a bit. i liked the conference call very much for honeywell i liked it caterpillar is just a gem. he's so damn good i'm sick of it. >> let's talk some food. mcdonald's is going to surge to open in record territory this morning, thanks to a better than expected second quarter beat on the top of the bottom line, calling out a boost from upscale burgers, chicken sandwiches, discounts in beverages global comps, 6.6. >> what is he, a small cap do you know how big

very interesting when you look at caterpillar. this chart takes you all the way back to the global financial crisis. it tracks the retail sales of caterpillar on a three-month rolling basis. last update, as of june 30. ppi in china, this reflation, very close. almost a one-to-one correlation. digging through the data, it salesus, when you extract , activity has come back in the asia-pacific. david: it is 9:29 in the morning. markets here in china and also nice, summer, midmorning. it certainly is "one sweet day." the opening ofl markets. i am david ingles. it is one fine day here in sydney as well. i am haidi lum. we are waiting for inflation numbers out of australia. numbers.pid -- despite growth coming along at a good rate. wall street, just getting that .eg up to get more record highs a robust earnings season so far. taking a look at the inflation numbers, take a look. ak andwere expecting we we got weak. puts the annualized rate back below the rba target, 1.9%. a slightly better story. and strips out the seasonal factors. euro

>>> earnings driven rally, the s&p 500 hits a record, so does nasdaq, companies like caterpillar and mcdonald's power the game. >>> the senate health care bill passes its first big hurdle. get ready for new challenges ahead. >>> a new employee perk, a micro chip implant. we're not kidding. one wisconsin company is doing it. is it a step toward the future or an invasion of privacy? >> those stories and more tonight for tuesday, july 25th. >> good evening, everyone, and welcome, it was another earnings driven day on wall street. the s&p 500 powering to a fresh record along with the nasdaq. the dow is closing in on one. and a number of very big companies reported upbeat results. something investors were hoping for given the high overall evaluations for stocks. investors got what they wanted. the dow jones industrial average rose 100 points to 21,613. the nasdaq added one, but that was enough for a new high. >> caterpillar, united technologies and 3m, help define today's market they have a few things in common. they're all dow components, a key part of the economy. and they all sounded u

gm, caterpillar all on deck. they say money can't buy happiness, right, a new study claims otherwise, how spending can put a smile in your face according to researchers taking the ancestry dna test is really quite simple. it comes in the mail, you pull out the tube and you spit in it, which is something southern girls are taught you're not supposed to do. you seal it and send it back and then you wait for your results. it's that simple. i'm the one clocking in... when you're clocking out. sensing your every move and automatically adjusting to help you stay effortlessly comfortable. there. i can even warm these to help you fall asleep faster. does your bed do that? oh. i don't actually talk. though i'm smart enough to. i'm the new sleep number 360 smart bed. let's meet at a sleep number store. maria: welcome back, turns out money can buy happiness after all. people can make themselves happier by paying other people to do time-consuming shores. it doesn't matter if the respondents were rich or poor, they all report

scarlet: let's go back to caterpillar -- shares are rising. results better-than-expected and improved outlook. caterpillar got a huge vote of confidence from machine analysts -- joel upgraded the stock to outperform with a new price target of $125. he joins us from the nasdaq. he will take his time with his comments come as opposed to mitch mcconnell. you upgraded caterpillar. younted to get a sense from know what is driving the improvement? measures cost cutting or signs of bottoming in mining and energy? >> for now, what we have is a lot of cost cutting, company closed 30 factories, they've taken $2 billion out of cost so far. they have another $1 billion net pocket for 2017 and 2018. that's $3.50 a share of incremental learnings. we are getting a bit of a cyclical bounce -- the cost cutting is more important. have been analyst day in early september and they will start to weigh out more of that operational excellence and continuous improvement and try to drive profit margins to a new high level. julia: that exceeded the average analyst fore

caterpillar getting a bum top day. we're monitoring the conference call and we'll have the latest on that later, she was onest youngest employees to ever work at google, 19 years old. she now has a new ai start-up. all that and more when quauk alley continues. >>> it is a big week for internet stocks. alphabet out with earnings facebook, twitter and amazon all reporting later in the week. so far this year, the internet sector seeing a 30% gain, significantly outperforming broader markets. joining us now at post 9 to discuss, goldman sachs internet analyst heath perry. i know you don't cover alphabet directly, but traffic acquisition costs, a lot of talk after the earnings report and call a lot of pieces of that. part is paying other people to bring them traffic part of is paying for content. does it surprise you that we're seeing these costs rise? looking like they're willing to pay more for professional content? >> look across the entire space. everyone is trying to drive more traffic to their site. content particular

caterpillar did not submit the necessary paperwork to the government in recent years, regarding that company's export it's part of an ongoing criminal investigation into suspected tax evasion at the equipment giant. the wall street journal says federal investigators have uncovered discrepancies between caterpillar's regular filings and what it previously gave to authorities. the findings are preliminary. shares of caterpillar were off. >>> international speedway says it expects dividends to increase by 4 to 5% in 2018. that news was overshadowed by the company's lower than expected earnings and revenue. investors put the brakes on to 3560. >>> the canada based oil producers will not reinvest in its core business any time soon. the wall street journal says the company which focuses on mining oil will give investors the excess cash it makes for the coming years. shares were up 2 1/2% today, they finished at 29.94. the personal finance website bank rate is being bought by the digital marketing company for more than a billion. red ventures will pay 14 billion a share. bank rate up 8 1/2%

caterpillar, blowing away the numbers. have to raise numbers very big and mcdonald's has to stay on that that stock could very easily see much more to gain than just 3 bucks today. >> jim, thank you. see you in a few minute. >> thank you, melissa. great to see you. >>> tonight on cnbc, do not miss a new episode of "the profit." to keep our community safe. before you do any project big or small, pg&e will come out and mark your gas and electric lines so you don't hit them when you dig. call 811 before you dig, and make sure that you and your neighbors are safe. 811 is available to any business our or homeownerfe. to make sure that you identify where your utilities are if you are gonna do any kind of excavation no matter how small or large before you dig, call 811. keep yourself safe. >>> our guest host this morning, peggy, you threw in a quick tax reform plug. that's something that -- that is bipartisan, isn't it >> it is. >> although i'm not saying you necessarily need to -- you're on the other side of the aisle necessaril

you mentioned caterpillar, whoever the purchaser is in another country where we want to export caterpillar equipment or any other small business manufacturer, good outside the u.s., we want to get into the markets at 95% of the consumers are outside of the u.s., so if that customer can't get a loan for whatever reason, that's when the export-import bank comes in. and the reality is it does fund itself, there isn't any taxpayer money on it. it runs a profit, a slight profit. it is self-funding, that's the thing i thought, what are we spending money on. steve: that's a total -- >> they make money off of the fees that the customers overseas buy. i don't like solyndra, i don't like any of the nonsense -- steve: okay, hold it there. >> solyndra was actually bought by some belgian company and they paid $300,000 in fees to the export-import bank. steve: you say there is no taxpayer's money, that is not true, the accounting, the cbo and analysis have shown it makes a lot if it weren't for the accounting tricks. >> no, no, you can go to accounting steve, all you want. they're in the black no matter

caterpillar in the u.s. session. us trillion cpi, the aussie has fallen on that and take a look at this chart. the yellow bar here is rba's inflation target of 2.3%. the white line is out of that range now and we have interest rates at record lows well off 2008, 2009. saw in a lot of analysts saying you're not going to see the rba even start to talk about listing interest rates if they -- lifting interest rates if they have inflationary that target. inflation coming in at 1.8%. manus: thank you. this is the no comment of no comment, daimler declares -- declines to comment. the allegations are carried going back as far as the 1990's in board meeting technology, emissions systems, brakes and transmissions so there is no further comment. they came out with numbers this morning and confirmed the numbers for this year would be significant growth in unit sales and significantly higher growth for the year. that and analyst told us the numbers do not look too bad. we need to talk about what is going on in the u.s. p

caterpillar and mcdonald's talk about faith people have totally lost faith in caterpillar during the downturn i remember seeing a sell call on january 25 of 2016, when the stock was at 57, going to 51 cat closed at 114. what happened? end markets did get a little better but caterpillar took tough action after took action to cut its costs. so when they got even a smidge of recovery in resources and small bumps in road building orders, the earnings have started soaring. here you have to thank not only the ceo, but also the former ceo, who, after initially not seeing the downturn coming, really figured out what was happening. and he took costs out like the grim reaper. this is really the first good quarter caterpillar has had in years. so there's no reason to think this is one-time only and i bet it has more room to run. maybe much more. so ring the register no then there's mcdonald's. what is it about steve easterbrook, the ceo, that people don't understand? it seems like other than me, he's been doubted every quarter since he took over when the stock was in the 90s mocking him as a on

you can certainly say if you put a premium multiple on caterpillar it could be much higher caterpillar has been in this range forever. commodities are all stronger you could make the case that caterpillar with big cost cuts it could do it and this is probably a name because as caterpillar goes there's a whole group of stocks that go. this is one of those where there will be an ibm and a visa and anybody that makes a forecast this week will have to change it every night. >> where do you stand on the need for financials to lead. goldman is cut at ubs to neutral. they argue the street appears to be counting on a turn in revenue which they think is a big bet. in their words the optionalty here is not free. >> i didn't think goldman's quarter was nearly as bad as it looked because they're not so surprised in equities. they referenced that we should go to morgan stanley but this has been a big drag. if jp morgan breaks 90 and goes into the 80s even though we have that resolution that could be very very difficult to come back for. they're all honest but chevron is a company that could say, yo

this has been a huge head wind from mcdonald's to caterpillar. you talk to these ceos and they actually don't want the dollar to collapse but as long as it doesn't go up like the pace it had been going at this is a very big positive. you will see earnings revisions higher. guidance has already been some of the company's like last week raised numbers mostly because of the currency situation. i like multinationals. >> it's not enough just to own multinationals. if you are outperforming this year it is because you at a minimum got equal weight overseas stocks. this is as clear a break out as you are going to see in a country etf broke above 2014 high. had been struggling below that for three years. finally above last week on dollar or euro concerns you saw that index pull back a little bit. we tested the break wroout and is poised to resume the course higher. this is the thing that you can be in that will give you diversification away from u.s. stocks, not completely correlated. i think upside continuing throughout the rest of the year as it has bee

caterpillar up 4%, they crushed it. they raised their full-year forecast as well and it is sitting right now, not yet at a record high but 116 is the level you want to watch. ak steel up 6%, same kind of deal. the average selling price of steel was up and shipments fell on lower carmaker demand but earnings rose 256% year on year. bidport getting a nice because copper is on a massive care. .- tear someone got bullish on china, some labor stoppage just -- stoppages, but it is just sentiment at the end of the day. where do you want to get that growth, in the u.s. or europe? most everybody says europe. look at what the stocks are telling you, these are the number of stocks in the euro stoxx 600 and the s&p above their 50 day moving average, the white line is the s&p and the blue line is euro stocks. the number of stocks above their moving average in europe has been falling, to under 40. the s&p right around 75. the difference between those stocks above that technical level is now at its highest level in the last year. it i

i saw tractors from caterpillar. i saw some incredible machinery. make it right here. we thank you for being here. we're honored to showcase your creations. i will say they have really taken on, and some of you have built names that you i know of for so long and he it is congratulations right, you in particular? what a great job you have done. thank you very. i saw you on television this morning. you were fantastic. i don't know what you were doing exactly but you always could have a second career. you did a great job, thank you very much. american workers, farmers, innovators are best in the world. we know that. what we're doing is we're displaying those talents. you construct and harvest products that fill our homes, feed our families and defend our nation and enrich our lives. i want to make a pledge to each and everyone of you. no longer are we going to allow other countries to break the rules, steal our jobs, and drain our wealth. it has been indraed. it has been indraed. [applause] -- drained. you will see a lot of things happening over the next six months, statu

we talk about the numbers from k caterpillar. people wan out of the paper currency trade they're getting into gold. i think kopper is next to go here. >> today on futures we are keeping the copper conversation going on this record-setting day. we're talking to paul ciana from bank of america merrill lynch as well he'll tell us why he thinks the dollar decline is done that's at the top of the hour. >> thanks so much. what do we think freepo freeport materials? minors now the time >> well, for a balance for a trade. for a quick trade. for more of a longer term investment i think it's more of a prove it story that's got to come over multiple >> they keep building more capacity in that you don't want to be in commodity when on stream >> up next, chipotle, boeing, caol fd,co-ca,or mazon plus final trades when we come back hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom s

we saw great results from caterpillar, great relatively speaking. from mcdonald's as well, some caveats. the banks did ok. how would you characterize the health of u.s. corporate now? butn: it is the yeah, rally. with respect to mcdonald's, a $.99 pop as we call it, but how much further can the stock go up? many talk about industrials. a year ago we were talking about an industrial led earnings recession and a lot of investors were caught behind the eight ball because they were not fully invested in industrial because they were so negative on overall global growth. now we have seen a distribution and diversification with respect to growth in the industrial space, not just the internationally focused but the domestic focused industrials look pretty good. that is why the stocks continue to go up. mark: you have talked about the declining stock performance correlation. what is the impact on the investment process? that wehe impact is one think investors need to focus more on intrinsic stock fundamentals and less about that grow. we have seen such a rea

as a caterpillar, it can be switched. we needed to use it that statement as a catalyst for change. because with that, you can combine two forces and make what is essentially the butterfly effect, a small statement like that can be a big change. host: thank you. alexandra pelosi? guest: wow. that is deep. i think it is a beautiful, beautiful call to action. and, i am going to choose to just suck it in and say, happy fourth of july to you. i think i cannot over share my feelings about what is going on in the political climate because i think it will undermine my ambassador of hope that i am hoping i can bring people together and try and say that on this fourth of july, will all of the americans. it's hard to say that, women do not get anything in the founding documents. they gotten nothing. got something but i will not politicize these documents. i will say as a woman, sometimes it is hard to feel like you're getting your voice heard in this american political climate. that is not what we are here to talk about. we are saying, proud to be american. host: deborah you are next. caller:

caterpillar you brought up caterpillar, i'll bring some numbers for caterpillar. they started moving away from p.b.m.'s they expected they could save as much as $150 million in drug prices. they went back and did their own form form lairs, worked it out and just the company saved $5 million to $10 million per year in just cholesterol lowering statins alone. one they have most widely prescribed medications. just in that right there. when you see how p.b.m.'s claim to save money, you look at the caterpillar model and there are other models oout there looking at this say, we can do this in a better way. i appreciate your input tonight. i think that has been, you're just highlighting this, that there are ways to do this. this is not the only way and to go into state legislators and county offices and county governments and the federal government and say we're saving money while all along we're seing this tangled wove d.i.r. fees and callback and no transparency, it isn't amazing to me they're spending so much on advertising right now. not amazing they're trying to cla

caterpillar is so important in that it is considered a bellwether. they make big construction equipment and construction has been booming in china. that was a sweet spot for sales. let's take a look at the things in the 2015 earnings outlook. the stock was up almost 6%. let's talk about one analyst was saying, that they are getting back to normal. revenue returning faster than cost. it promoted the third best performance in the dow in the year so far. let's talk about the not so muted reaction to wynn 's numbers afternn's the bell. even though there has been a big rebound in macau, the palace beat estimates. the earnings did come up short. the adjusted earnings. that had to do with a profit shortfall in the macau resort. again, the strong recovery underway in macau. but the industry revenue has rebounded. this was clouded a little but the china's -- chinese -- theents attempts to profit rose to 118 a share but missed the average we were looking for. we will see how that plays out. and how will play out in hong kong, as well. we will have more macau e

as a caterpillar, it can be switched. we needed

danone selling stonyfield and caterpillar reportedly facing more questions in a probe. the "wall street journal" says federal investigators believer the company failed to submit numerous required export filings with the government in recent years. there are questions about whether this was part of an effort of by caterpillar to avoid paying taxes >>> and like i pointed out before, let's take a look at the u.s. equity futures picture because we will point towards a positive open here the s&p up by about seventh points 64 point gain for the dow jones futures. 75 point open if the gains hold. and nasdaq up about 16 points. so about a third of 1% overall for the u.s. picture on this remember holiday shortened trading day. 1:00 p.m. eastern is when regular cash markets will close. joining us now is the international cia at jpmorgan asset management nick, this is a very interesting market and has been for a while because of some of the lack of volatility in the u.s. equity side of things, but there has been quite a bit of movement as of late on the treasury and credit side of

truck on your lawn at the white house but you know where the caterpillar jobs going and what's happened to the jobs in peoria the manufacturing jobs and what's happened to the subcontractors wages that are less than they were thirty years ago. larry cohen great to have you with us always great work or chair of our revolution thanks for joining us tonight i appreciate it and that is our news tonight follow me on twitter at news with ed like me on the facebook page we got it dot com well i ask you to give me a minute every day i'm ed schultz reporting from the our team newsroom thanks for watching see it actually. i think the average viewer just after watching a couple of segments understands that we're telling stories in our critics can't tell me you know why because their advertisers won't let them. in order to create change you have to be honest you have to tell the truth parties able to do that every story is built on going after the back story to what's really happening out there to the american what's happening when a corporation makes a pharmaceutical chills people when a company i

truck on your lawn at the white house but you know where the caterpillar jobs going and what's happened to the jobs in peoria the manufacturing jobs and what's happened to the subcontractors wages that are less than they were thirty years ago. larry cohen great to have you with us always great work or chair of our revolution thanks for joining us tonight i appreciate it and that is our news tonight follow me on twitter at news with ed like me on the facebook page we got it dot com while i ask you to give me a minute every day i'm ed schultz reporting from the r t newsroom thanks for watching we'll see you next week. i do not know if the russian state hacked into john podesta e-mails and gave them to wiki leaks but i do know barack obama's director of national intelligence has not provided credible to support his claims of russia i also know he perjured himself in a senate hearing planned three months before the revelations provided by edward snowden he denied the deep n.s.a. was carrying out wholesale surveillance of the u.s. . the hyperventilating corporate media has once again proved

caterpillar. you can take some money off the big technology names because no one ever argued they were cheap. they were just a place to find growth. now you can allocate money elsewhere both having huge earnings quite a bit higher. that is healthy for the market. stuart: you are very much a trading kind of guy. are you seeing rotation out of the big-name techs? >> this is what we see right in front of our eyes. they spoke on amazon, netflix and google are raw and what traders would say is an overbought territory. relative staff telling us they are overbought. any news, even if it's good you will find a lot of hard profit. we are starting to see on technology stocks. what a great place in america is. i can talk about mcdonald's, caterpillar and jimmy choo shoes in one category. we are seeing the growth in other stocks. as everybody knows, earnings season is well underway now. dig names have reported today on the screen for you. there's the big names. they've all reported pretty good start. i see a

the revenue jump, caterpillar cinches higher 6%. mickey d's, comes in second place as the second best performer on the dow jones industrial average, up nearly 5% on the day. in fact, they had another quarterly gain, fourth quarter in a row they have done so. last but not least, that is barnes & noble. it was up 20% at one point. it's up 17%. and this as the activist investor saying sell barnes & noble, go for it, get some investment banking firms to give you strategic options, sandal management saying you have a low cash flow, go for it. that got a boost. >> i love the news about mickey d's. melissa? melissa: oil moving big, closing up 3% to $47.89 a barrel. the biggest percent gain this year getting a huge boost that news that saudi arabia plans to cut exports and nigeria agreed to limit production, i'll believe it when i see it. david: obamacare lives to see another day. the senate republicans pulling the trigger, voting to begin the debate on health care. adam shapiro is on capitol hill with the latest. hi, adam? >> reporter: hi,

they're going to have a big tractor made by cater pillar on the -- caterpillar on the lup as well. a lot of questions about the president's own business practices. i mean, shep, don't forget there was a lot of talk about how so many of his products are, in fact, made overseas and not just the president's products but the trump organizations products, i should say. but his daughter, ivanka trump's clothing line, most of that is made overseas. so sean spicer was asked about, you know, how do you reconcile those two things and whether or not there would be, perhaps, a commitment from the white house to produce some of these products here in the u.s. but sean spicer said he simply wouldn't say, he didn't feel like it was appropriate to comment on the president's family's business. >> shepard: kristin fisher live on the north lawn, thank you. i told you that the white house news briefing was under way. sean spicer giving the briefing today, but, again, the white house rules for today are, that we could record the audio but not the video of the meeting. and we could play that audio back

mcdonald's, caterpillar, dupont all out this morning, all soaring, helping the dow surge triple digits, just shy of a record for itself. and we're about a quarter of the way through earnings, with 74% of companies beating estimates, about 10% higher than the average for the quarter. so is this market about to experience earnings euphoria, guys >> yes, we have -- hi, dan >> hey. >> hey >> that's an inside joke no, i think the market has been experiencing that as well. the vix traded almost below nine today. i think it got down to 903 and the good news is, i think that companies that have been doing well are being rewarded and companies that are not faring as well are being punished you see mmm down 5% today. the earnings we saw that were outstanding were, in fact, outstanding. led in my opinion by mcdonald's. we talk about it being a $160 stock. it got within 2 cents of that today. cart pillar continues to surprise me to the upside. i've been a skeptic for some time but there's no denying when saying that most of these reports, three of four, have been very good >> karen >> i agree it l

we are looking at caterpillar, mcdonald's. these companies have beat earnings. caterpillar by 19%. and what theyt, really listed was customer traffic, a milestone for the ceo. rambus beat and boosted. we have some laggards on the day after disappointing earnings reports. 3m down 5% after a huge miss. 19% missed on the bottom by and the full-year midpoint earnings has trailed. traffic acquisition costs are rising. 4%.lilly down macro sense at the for earnings beyond those stats , these white bars represent the earnings growth year-over-year. we had that earnings recession, and now we have earnings growing in a big way. in the first quarter, earnings group 14%. -- grew 14%. now earnings are expected to grow less than 10%. look at valuation on the bottom. the pe ratio is high. even though earnings are expected to slow, stock valuations are still high from a pe standpoint. mark: greece is returning to the bond market. the country selling five-year bonds maturing in 2022, testing whether investors will back the recovery from the debt crisis. joining us for more details, charles dallara,

as a caterpillar, it can be switched. we needed to use it that statement as a catalyst for change. because with that, you can combine two forces and make what is essentially the butterfly effect, a small statement like that can be a big change. host: thank you. alexandra pelosi? guest: wow. that is deep. i think it is a beautiful, beautiful call to action. and, i am going to choose to just suck it in and say, happy fourth of july to you. i think i cannot over share my feelings about what is going on in the political climate because i think it will undermine my ambassador of hope that i am hoping i can bring people together and try and say that on this fourth of july, will all of the americans. it's hard to say that, women do not get anything in the founding documents. they gotten nothing. got something but i will not politicize these documents. i will say as a woman, sometimes it is hard to feel like you're getting your voice heard in this american political climate. that is not what we are here to talk about. we are saying, proud to be american. host: deborah you are next. caller:

caterpillar is worth pointing out. business is good. the paradigm of caterpillar going down when interest rates are going down is not happening. a lot of paradigms being broken. a lot of relationships being broken. >> although your financials which of course you have been saying at the beginning of the broadcast you want to become the leaders because you feel like that would be a very healthy thing if i can paraphrase. >> you need bank of america. >> i don't want to overstate it. they are down a little bit. >> bank of america has had incredible krebcredible asset b, tremendous. if you can get short term rates to go up, that would be the stock to break out. not goldman or citi which had obviously really good. jp morgan just say blah r, blah blah. >> jp morgan in the red. amazon reclaiming 1,000 for the first time this month. >> that was a given i think today may be a day when the analyst, i saw someone say come out and don't forget j.c. penney. how high it can go and maybe it's not just cheering. 40 goes to 53 cents. i question whether y

mcdonald's, caterpillar, dupont all out this morning, all

caterpillar also struggling for a while, seeing an uptick. they predict their first annual sales increase in five years thanks to strong demand out of china. construction equipment demand. they project 2017 revenue of up to $44 billion. second quarter earnings and sales topping estimates. i like the chart so much from battle of the charts that i am looking at it here. it has to do with those mcdonald's same-store sales. the golden arches are shining. the company has seen this rebound globally. the street has been going on for about two years now. eight quarters that is. an interesting contrast with chipotle, which i know you are digging into later on. there is one fly in the ointment for the dow. that is 3m, this company coming out with earnings, the maker of post-it notes, raising the low end of its forecast, but still short of what analysts were anticipating. they have acknowledged some challenges in consumer electronics and office supply businesses. they are trying to pare costs and beef up businesses outside the u.s. even that the client

. >> shares of world's largest construction and mining equipment maker caterpillar soaring up 5 pie% at one i one point after caterpillar reported better than expected earnings and revenue in secon quarter. >> a wisconsin tech company, now first company in united states to offer microchip imbalanceimplants for its employees. the ceo offering that implant said it is the future, he is here to talk about it, after this. who's the new guy? they call him the whisperer. the whisperer? why do they call him the whisperer? he talks to planes. he talks to planes. watch this. hey watson, what's avionics telling you? maintenance records and performance data suggest replacing capacitor c4. not bad. what's with the coffee maker? sorry. we are not on speaking terms. liz: president trump preparing to speak at an event in youngstown, ohio tonight. he nai nearly lost this country in 2016 election. to move forward with obamacare repeal debate. you can see president there. back with me now ford and adrien. president trump praising senate vote saying now we move forward to great obamacare reform, great h

i saw fire engines and tractors from caterpillar, incredible machinery. we thank you for being here and we are honored to showcase your creations and i will say they've really taken off and some of you have d-delta names i know of for so long and it's congratulatio congratulations, you've in particular. what a great job you have done. i saw you on television, you were fantastic. i don't know what you're doing exactly that you could always have a second career. you did a great job. thank you. american workers, farmers and innovators of the best in the world. we know that and what we are doing is we are displaying those talents. you harvest the products that fill the homes and defend the nation and enrich our lives. [applause] we are going to see a lot of things happening over the next six months. through a lot of different legal processes so that you are a loud to do that but we now fulfill all of that over the next pier co. of time. things that are great for american jobs we will be seeing them happening quickly because we are totally set up, and the hard

make doubles and caterpillar helping -- mcdonald's and caterpillar helping dow. hospitals have tended to be the erable, however, more vulnerable to earnings from hca, that company with a earnings that missed estimates and cut its forecast for the full year. analysts say there is concern about patient volume and commentary around a relatively small increase in er visits. the hospitals are at risk because if there's a cut of result to health-care legislation to medicaid funding, the hospitals could be vulnerable. community health care is taking a bigger hit. we are also watching a big move in commodities, copper futures are up trading data to your high. crude oil is pushing higher by 3%. there is still the movement following saudi arabia decision to cut exports and perhaps in anticipation of the weekly u.s. inventory status. exxon mobil is moving higher. copper and gold moving higher following its own earnings report and a call from jeffries that called the irving -- earnings relatively weak as head of the outlook for the breast of the year is stronger and optimism

united technology, caterpillar, 3m, dupont and mcdonald's. u.s. futures down 14, cheryl: over year, jimmy choo opening sharply higher. they are bought by american rival michael kors. we will have the live report from london. ftse, cac are reporting higher. lauren: stocks of google parent out of that with less money for stock down 3% in after-hours. train to after 32 years, is at the end of the road for the classic microsoft software? lauren: good morning, everyone. 530 am in new york. thank you for joining us. i'm lauren simonetti. cheryl: good morning. i am cheryl casone. lauren: good morning, everybody. we were just talking about microsoft paint. cheryl: i've never used it, but apparently a lot of folks are very upset about it. we have a lot of braking is to get to that you may have missed overnight. arizona senator john mccain returning to washington today. senate republicans plan to hold the key procedural vote to open debate on the health care bill. we just don't know what bill it's going to be coming days after the arizona senator was diagno

and mcdonald's yesterday >> caterpillar was big mcdonald's was strong. yeah, i think that the earnings have actually delivered. it's been a wonderful thing for this market. you remember at the beginning of the year as the markets started to rise based on trump policies and anticipation of fiscal stimulus, i said wait a mint, pric mint, prices have beginning to move up and fundamentals haven't. now we're seeing the fult als come along so i always tend to be cautious, but i really am encouraged that we are seeing some earnings and the fundamentals improve to support some of these prices those earnings gains in the u.s. are expected to continue not only for 2017, but into 2018 by most analysts in gubl digits >> you mentioned citi. we saw the ability of a company if they meet their targets to grow kind of regardless now of the environment, but at the same time, broader banks index was up yesterday largely because yields rose so they are also beholden to what the market is doing what is your view on financials and your top pick? >> we've seen bank prices of a

alphabet today after closing bell also going to hear from, get ready, just a sampling, 3 m, caterpillar, dupont, eli lilly, general motors, mcdonald's, boeing, coke, facebook, amazon, intel, starbucks, exxonmobile. 180 companies. a very busy week for earnings. >> a lot for us to keep track of at cnbc. heaviest week of earnings season there's a lot of economic data on tap this week today june assisted home sales the home price index and consumer confidence. and the fed begins a two day meeting. wednesday, new home sales and fed decision at 2:00 p.m. eastern time thursday, durable goods, rounding out the week friday, perhaps the most important data point, first look at second quarter gdp as well as consumer sentiment. >>> oil prices are moving as well they're slightly flat in early trading. opec, nonopec ministers meet in russia we are starting to get headlines. the saudi arabia oil minister says they're ready to take additional measures to help the global oil market rebalance. bring in global head of commodity strategy at rbc and cnbc contributor as well every time we talk oil prices and

at&t, caterpillar. coca-cola. facebook. it will be a big week. we'll talk about telling and why it's so hot right now. she'll tell us what public companies are doing and what she is seeing in the private market. join me for our special programming and have a great weekend. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe. at the end of the show,

i saw tractors from caterpillar. i saw some incredible machinery, make it right here. we thank you for being here. we're honored to showcase your creations and i will say they've really taken on and some of you have built names that i know of for so long and it's -- congratulations, right, you in particular. what a great job you've done. thank you very much. i saw you on television this morning. you were fantastic. i don't know what you're doing exactly but you could always have a second career. you did a great job. thank you very much. american workers, farmers and innovators are really the best in the world. we know that and what we're doing is we're displaying those talents. you construct and harvest the products that fill our homes, feed our families and defend our nation and enrich our lives. i want to make a pledge to each and every one of you, no longer are we going to allow other countries to break the rules, steal our jobs and drain our wealth, and it has been drained. it has been drained. [applause] you are going to see a lot of things happening over the next

for caterpillar, it's a great company. as i said, canada, commodities seem to have risen not to the level it was before, but much better, and we think it's behind us. >> i think it's important for viewers to know why canada is important for you. a lot of people, it's an after-thought, but not for united rentals. >> no, it's not. we're a national company our customers travel we're in all ten canadian provinces. we're in 49 of the 50 states to serve that customer base, you have to be there that's why canada is important to us. >> a lot of your competitors are uniquely located in the sun belt what's your advantage over them? >> we have a broad range of products our specialty businesses but again, it's also our footprint. it's bringing in that customer, being able to touch that customer, wherever we are in north america. >> okay. oil and gas has never been that big a part of your business. at the same time it was so bad it could have sunk a battleship. how is that business doing >> it's doing better obviously as you see the la

details straight ahead get ready for earnings dupont, united technology, eli lily, 3 m, gm, caterpillar and mcdonald's all reporting in the next three hours we'll bring the numbers the numbers and the reaction on wall street and where the stocks move plus, your rumba could soon map your home and sell that data to big tech companies we will explain why. it's tuesday, july 25th. "squawk box" begins right now. ♪ i always feel like somebody's watching me ♪ ♪ is it just a dream >> live from new york where business never sleeps, this is " ""squawk box." >> welcome to ""squawk box." we're live at the nasdaq market site in times square >> s&p 500 up about four points. the nasdaq, however, and we'll explain why this is the case

and millions of other people." [ laughter ] the caterpillar's hungry because there's no food. it really is amazing dennis rodman and kim jong-un are friends. especially considering kim jong-un doesn't speak english and dennis rodman doesn't speak english. [ laughter ] i don't know what they're saying to each other. i don't know if trump has read "where's waldo" but i have to say i feel like he has. because i've noticed that when he gives a speech he always seems to be reading it aloud. >> where's leo? is leo around here? where is he? he's got to be here. where is he? >> where is franklin? he's around. >> where is robert? >> where's jim? >> where are they? >> where is general flynn? >> where are you guys? >> where is kim? >> where is she? >> where are they? >>. >> where are you? >> where's cecil? >> where are they? >> where is bruce? >> jimmy: you know they say sometimes the person you were looking for was right in front of you the whole time. [ laughter ] and while dennis rodman is in north korea, this is what's happening in south korea. this from a mixed martial arts heavywei