caterpillar, this stock has had a sharp rebound with commodity associated names. the thing is, commodity markets haven't come too far too fast and haven't come far enough to revive that super commodity cycle stock like caterpillar. this is one of those names where i think you probably should feel comfortable if you own it selling it at a higher level. the other thing it obviously has fallen sharply over the last few years. buying at a lower level might make sense. what we're looking to do specifically here, get over to the next screen, here we go, we're going to look to sell the april 77.5 calls. you can collect $0.70 for those and sell 67.5 puts, collect $0.85 for those. this creates the strangle. if it's through the 77.5 the call we sold, away, but collected $1.55 sell strange else effective price north of $79. contrarily if it goes below you may be compelled to pie more of it. we collected $1.50 premium to do that. down around $66 level. this is the kind of trade you want to do when you really feel like, you know, we're probably going to be capped out a little

freeport going up caterpillar gets orders. that's why people won't give up on cat so easily. >> obviously futures were week at the pre-market but if the dow can go up that's five days in a row, would be the second such streak in march alone. there's a look at the s&p, the big board. transunion doing the honors and at the nasdaq staffing company kelly services. speaking of green on this st. patrick's day celebrating its 70th anniversary. >> i urge people to go fedex is run by fred smith. a big free trader. he's talking about the millions, the greatest thing about free trade. more importantly these companies, the post office he mentioned very positively, u.p.s.. the amount of business they have out of nowhere because of the internet is so strong and if this was the quarter that it clicked and the idea that there's that one day where you have all that business, it's every day. and there's no more peak holiday season and fedex the conference call is a must read because they talk about lowering gdp but raising their own forecast. t

how about caterpillar. caterpillar, this one is tougher than the others. there's a ton of negative news all over the place about caterpillars customers when reported back on january 28th this year. the accompany had earning expectations. $0.74 verses the $0.69 people are expecting and it wasn't made up of smoke and mirrors. it was a real number that showed you all the cuts in jobs and the cost that the accompany had taken out. they indeed weren't paying off. they had a yield at the time and the cash flow insured you that the dividend was safe. the cat didn't give you any positive guidance. you know what, that's okay. we grown tired of when they did and then they missed it. if anything, cat made it clearly there's tough selling ahead. the stock bottomed to $58 and the next thing we have a rally pretty much every sector of the caterpillar sells the machines. they run $75. while we tend to think of cat as china play. we shouldn't invest in its stock, not on the basis of the exporters but on the prices of the actual commodities that its customers produce. on t

move in caterpillar? i say welcome to the club. the club that defines this market, especially on days like today where the dow sank 109 points, s&p lost 1.2% and the nasdaq plunged 1.62%. let's learn from these clues and see how we can spot similar runs in the future when the market is going down, not up like it did today. take home depot. you know i've been recommending this ever since the show started 11 years ago. periodically it sells often. when it does last thing people if you don't want to miss the next opportunity you have to be ready to buy it in two weeks. in the beginning of february home depot stock fell five straight days. it dropped from 126 to 111. did anything happen during that period to explain this? it's a severe decline. check out everything that happened during that period. there was only one piece of serious relevant information that popped up as having any sort of report. they put out a press release saying they were going to hire 80,000 workers for their biggest season, the spring garden season. i read it ov

caterpillar has come down from 120 to 50 and just bounced a bit. so their circumstance and their precondition is completely different. it's not just because you're between the 52-week high and 52-week low. it's where you came from. >> there's also material differences between the fundamentals between those two businesses. visa has been growing their business demonstrating the success they're going to have in the payment space and meanwhile connected caterpillar has seen their revenues plummet. we're selling a short dated strangle here this is going out a little over a month. shorter than usual you would be looking for to make a move. >> in general, in a market like this, would you look to make a play on one of these stocks stuck in the middle or do you go break? >> i think after the moves they had i think they set up soon for descent shorts. i would be careful on the short strike on the down side. again, i think you're fine for april. >> this is in the calender spread you're doing, you're doing this selling that. if you want to buy longer data prem

., dow stock caterpillar, the giant machinery company, dramatically slashed its earnings, the guidance that it had for the first quarter. wall street was looking for cat to earn 95 cents. in the totally unnerving announce me announcement is the company said it could only muster 65 to 70 cents that's right, energy, transportation resource orders nose diving is the reason. it was an unmitigated disaster. the news immediately sent the stock, which had been red-hot as of late down two bucks in early morning trading before the bell had rung. it was such a powerful slap in the face that the entire complex reversed what looked to be a luck of the irish day to smell reassembling the potato famine. [ buzzer ] by the time the market had opened it was down less than a dollar. what is that about? was that it down two bucks at 7:00 a.m.? then one a few minutes, it was actually up, the stock was up in the black, and then it started flying. it only closed up 1.56, 2%, one of the most startling reversaling i can recall in my entire career, even the company somehow did assert of rest of europe would be

caterpillar has had a sharp rebound. the thing is commodity markets have come a little too far too fast and not far enough to revive that stock like cat bill lar. this is one of those names where i think you should feel comfortable if you own it selling it at a higher level. the other thing is it has fallen very sharply over the last couple of years. buying at a lower level might make a lot of sense. what we're looking to do if we can get over to the next screen is we're going to look to sell the april 77.5 calls. you can collect $0.70 for those and you can collect $0.85 for those and this creates our strangle. essentially, what's going to happen is if the stock rallies through the 77.5 stock price of the call we sold robby's going to have it called away but we collected $1.55 so our price is north of 79 bucks. we collected a dollar and a half premium to do that so our effective purchase price adding to the $66 level. this is the kind of trade you want to do when you really feel like we're probably going to be capped out

this particular one looks at the fed being good for caterpillar. caterpillar shares have gone up. you have to extrapolate two reasons. seen dollarave weakness, that has been good for exporters. to, commodities have recovered. commodity producers are caterpillar's they customers. caterpillar coming out saying its fourth-quarter estimates are worse than estimated. mark? take a look at european stocks. it is been sort of a reaction. there have been two rate hikes in 2016. -- there arekets concerns about the global economy. that is the message we should take away. that is why we are seeing declines across europe today. 600 -- most of the industry groups are falling having a bigeurope story within the mining industry. caroline, i made a lovely chart. chiefsam wash has become executive, he has outperformed his big three peers. all these companies are trading lower since january 13, 2013. only down by 40%. anglo american down by 70%. he is underperformed his big peers. he is up 20%. the other two are up 30%. ceos announced their , another way of putting it, are leaving. with davideck in

it is not as good as caterpillar. yen have so devalued the that i only to my family and i were to my company and i would to my employees. i have to do what is right for my company. he bought this komatsu tractors excavators. he was very upset. take a look at caterpillar stock. a lot of bad things are going on. these companies in these countries they do evaluate like grand chess masters. china doesn't best of all. china is killing us. it is the single greatest robbery what china has done to the united states. i love you too darling. the single greatest robbery. in the history of the world. china. rebuilt we don't have the right people negotiating for us. we have the best business people in the world here in america. and is going to and folks. folks. i am a commonsense conservative. i am actually very conservative. we are to get rid of obamacare. going to get rid of obamacare. [applause] [applause] ("trump!") we will get rid of common core and our education will be local again. i have seen it. common core is a disaster.

that could be helping caterpillar. fx bringing up the lower end -- fedex bringing up their numbers. -- amazon is said to i office depot's corporate business unit. nasdaq is trying for a second day of gains. doolittle's down there at the nasdaq. what are you seeing? abigail: we have an affect opening lower for the 30 in a row. actuate between small gains and losses. it will be interesting to see whether data access. one stock down is apple. they have gone negative. andi is saying apple supplier is showing weak misguidance. iphone demand is weak. saying iphone demand is strong. apple iphone sales are likely to return to 50% year-over-year growth. lots of different views on apple. apparent,that is very apple was down more than 10% earlier this year, is now flat on the year. >> abigail, thank you very much. stephanie ruhle has stepped out on assignment. i want to continue the conversation on the federal reserve. the differences need to be resolved. the fed has decided to come down to two. how much did that have to do with

they didn't have caterpillar tractors. i love john deere. they didn't have tractors. they didn't have cranes. they didn't have excavation equipment. the wall is 13,000 miles long. materials. of the this is going to be a serious wall.

any machinery company based in japan as caterpillar's a huge edge. with the dollar peaking, the tables have been turned. the new trend could be your friend, so buyers were inclined to buy the weakness in caterpillar stock, but that's not all. like i mentioned earlier, we've seen relentless commodities. copper limb news, iron, oil, you know the litany, so even though it annihilated the first quarter forecast, this could mark the low. the cyclical low, the low in the cycle, given the weaker dollar appeared the stronger commodity prices that beat stronger orders down the road. you can buy stocks like caterpillar precisely when you get what's known as a cyclical commodity lower. in 2008, that's exactly what happened, seems to be happening now. even that's not enough to cause a rally with such horrendous news. something not related, not to the business of make heavy machinery, but to the bit of money management. many hedge fund managers were shorting the stock, because he figured the quarter would have to be terrible. they know the economy -- didn't the f

it is not as good as caterpillar. yen have so devalued the that i only to my family and i were to my company and i would to my employees. i have to do what is right for my company. he bought this komatsu tractors excavators. he was very upset. take a look at caterpillar stock. a lot of bad things are going on. these companies in these countries they do evaluate like grand chess masters. china doesn't best of all. china is killing us. it is the single greatest robbery what china has done to the united states. i love you too darling. the single greatest robbery. in the history of the world. china. rebuilt we don't have the right people negotiating for us. we have the best business people in the world here in america. and is going to and folks. folks. i am a commonsense conservative. i am actually very conservative. we are to get rid of obamacare. going to get rid of obamacare. [applause] [applause] ("trump!") we will get rid of common core and our education will be local again. i have seen it. common core is a disaster.

short caterpillar. >> the world is not falling apart. >> look at oil. look at freeport. that was the poster boy. remember when you were worried about freeport? >> i'm not not worried about freepo freeport. >> you were so worried. >> i was. i would put my head down on the pillow, oh, freeportment. >> short interest back to '09 highs. is this the time to reset if you have a short, bearish view? >> i think if you're -- there's a rolling bear market that's now in pharma. that money comes out of pharma, what's left of it. >> when will it come out? the point i made earlier, last year was a terrible year for hedge funds. we all know that. this year, now that we're back to flat on the broader markets, hedge funds are still down without a doubt. and so many of them own so much healthcare. >> they own biotech. >> we talk about valeant. did you see endo? these things trade together. >> or celgene. >> celgene. that's a bear market that has taken a toll. i wonder what the hedge funds will look like this year versus they are down. it's ugly. >> they shorted adobe, sa

look how caterpillar reacted today. they chop numbers, margins everything look horrendous. >> and stock is up. >> the other thing too the financials got creamed yesterday but recovered back today. i think that speaks to maybe people thinking we don't think they will get better but the economy is not going into a recession. oil is stabilizing. if this group can stabilize, that's good enough. >> steve grasso, we welcome you to post nine. is the chase on? >> i think the chase is on. it's everything that stephanie said. caterpillar has been night canary in the coal mine. if you look at that performance in the stock, if you start to see what they are saying and how much has been carved out and yet the stock performed and didn't crater, that's something for the bulls. but the chase has been on because guys that were short the energy space could not find the liquidity to cover the individual names so they reached for the commodities a couple of weeks ago. oil, copper, all of these different commodities have been running like w

caterpillar has reached a key technical level. take a look of the bloomberg. i have caterpillar versus its 200-day moving average and purple. here we go. it is above that 200-day moving average, and that is the level technical strategists were watching. have definitely seen momentum in recent days, mark. treasuriese see extending their selloff, julie, to a second day? julie: yes, indeed. a lot of traders have pulled forward their expectation for an interest rate increase. the two-year seems to be most reactive to the expectation of a change in interest rates. you see the bows of the bottom, the highest since january for the two-year yield. we are seeing gold off a little in itsay, pausing winning streak we have seen recently, down a quarter of a percent, which interestingly, there is a dichotomy between -- gold old miners miners. intracks up 3% and one miner particular -- the etf rises to the highest since may 2016, we are looking at barrick gold. here is the year today check for barrick. stock,doubling for that the highest since 2014, mark. mark: stocks falli

caterpillar, yellow. i am all over john deere and caterpillar. at the end of january company this company said there would be no let up in the commodity crash and they said they will continue to cut costs. declining demand from the mining industry. when you look at how miners have performed over the last three or four weeks, it is an ugly picture and it is impacting caterpillar and john deere. a.m.we will see at 8:00 right now, our business flash in new york. caroline: thank you. the central bank is keeping interest rates at a record level and also repeated a pledge to intervening currency markets if necessary. bankhile, norway's central cut its benchmark rates to a record low, one half of a percentage point. it is willing to ease to hold off a recession. talks with the u.s. about stepping up to pay for pollution links. they say one fund would be administered by the epa for the most green transportation in the u.s.. the other would be run by california. lufthansa posted a profit but rose 35% -- 3.5%. a slight increase in earnings this year. lufth

shares of caterpillar hit hard in the premarket. the industrial giant and dow component warning that first quarter sales will come in below analyst expectations and they are looking at a decline of about 3 1/2% right now on caterpillar. big winner this morning, michael's, the arts and crafts retailers beating expectations for the fiscal fourth quarter. and the stock is up about 7% ahead of the open. and it looks like we're going back to the future. check it out. nike debuting self-tying smart sneakers. hyper adapt 1.0, you hit the button and they tie themselves. they hit the shelves ahead of the holidays. sea world says they'll stop breeding killer whales. the current generation is the last. they'll have natural orca encounters to promote and research. we had pretty good numbers in terms of the philadelphia federal reserve. >> the philly came in nicely just like the empire, the thing we note about-- >> did you just say regional diffuse? >> and the point about-- >> these are surveys they do to assess the economy, how is that? new ord

. >> if you want to gauge the come back joy or caterpillar, way off the 52-week lows and caterpillar up three 3%. >> disney is holding the meeting, and julia is covering this meeting with disney shares, up 1.5%. >> that's right. that disney shareholder meeting, company announces building two new disney cruise ships for the year 2021 and 2023 and more details of its star wars lands in the works. visitors will feel they are flying the millennium falcon. much was dominated about the health of espn and tv bundle. each weighing on tv's stock. they work on some digital options. >> even though cable packages are still the most popular way to watch television our media business is continued to innovate and embracing digital technologies and platforms like netflix and hulu and creating our own, life service that recently launched in the uk, as for shareholder votes they went very much as expected. the board of expencompetence we approved and bill, very much all in disney's favor, back over to you. >> all right, julia. thanks so much. so what do you do with disney stock right now? joining us i

he always orders caterpillar. he ordered tractors from japan because they have cut the end. .hey have devalued the yen i don't want that to happen. that is not going to happen. doy should not be able to it. we have tremendous power. we are the source. we have great power. ,e have politicians who truly truly don't know what they are doing. we are going to work hard. i am so honored by this. lookswith my wife, it literally like this. you have a lot of cameras here tonight. it looks literally like the academy awards. i never saw so many cameras in my life. it takes a lot of courage to run for president. i have never done this before. i have been a job producer. i have done a lot of things. this is something i have never done. income when the it's of the iran deal we get absolutely nothing. when you look at all of the problems our country has, you look at our military which is being depleted rapidly, we are going to make our military bigger and better and stronger than ever before and nobody, nobody is going to mess w

and they didn't have caterpillar tractors because i only want to buy caterpillar or john deere. but they didn't have have tractors, they didn't have excavation equipment. we need a thousand miles and we have all of the materials bee. we can do that so beautifully. this is going to be a very serious wall. we're going to stop drugs from coming into new hampshire. when i won new hampshire, those people were so incredible to me. you wouldn't believe it because it's so bucolic, so beautiful, you look at the fields and yet you go to a meeting in new hampshire, their number one problem, their number one problem is heroin. the heroin is pouring in. and they have so many of their young people and other people addicted. and i told them, i'm going to stop it. i'm going to stop it. we're going to have a strong border and i mean strong. by the way, speaking of people, people are going to come in and they're going to come into this country, but they're going to come in legally. okay? >> i have a lot of respect for rick scott. i don't know about his endorsement. he's a friend, i have a lot re

or watch the caterpillars. what caught jeff's eye when hundreds of pounds of teeth we'll be right back after this short break we'll be right back with a live report from our jordan villines who's live at madison jr sr high school... she'll have the latest on the suspect in the school shooting... stay with us the fox19 mobile app, fox19 news. from fox19.com to text and email alerts for breaking news and weather. it's all right here in the palm of your hand." breaking news p (vo) with thousands of qualityr pre-owned vehicles... rand exceptional customervservice, head to your neighborhood enterprise car sales and let the people who buy more vehicles than anyone... pflip your thinking about buying madison junior senior high school cafeteria. our jordan villines is live at the school where students have the day off today to continue to deal with what happened four students were hurt, two of them were shot here at madison junior senior high school yesterday and the other two were injured while either running out of t

their machines are about caterpillar makes it better machine. manipulator and we can't have that. we are not supposed to do it. they are dealing with babies. we are dealing with babies. their grand master players and we have people that shouldn't be negotiating for us. one more question. she never asks it i a decent question. an audible question --[inaudible question] donald trump: lindsey graham is probably a nice guy. i was tough on him because he is tough on me. i could probably get along with lindsey graham. along withbably get mitt romney. i understand how he feels. he worked really hard. he should have worked harder. he didn't get there. i understand it. i could get along with mitt romney. i backed him, i helped him. i don't know mitt romney. i could probably get along well lindsey graham pretty goes on television and he is nasty. i can get along with people. ishave something going that very good. we should grab each other and unify the party. thank you very much everybody. thank you. i appreciate it. thank you very much. [cheers and appla

he always orders caterpillar. he ordered from japan because they devalued the yen to such an extent that it was impossible for caterpillar to compete. i don't want that to happen. we have tremendous power over everybody because we're really the source. we have great, great power. the problem is we have politicians that truly, truly, truly don't know what they're doing. we're going to work very, very hard. i'm so honored by this evening. if you would have told me on june 16th, when i was with my wife and we came down the escalator this trump power and it looked like this. you have a lot of cameras here tonight. it looked like the academy awards. i never saw so many cameras in my life. it takes courage to run. it takes a lot of courage to run for president. i've never done this before. i've been a job producers. i've done a lot of things, but this something i never done. i felt we had to do it. when you look at the incompetence of the iran deal where we gave $150 billion and we get absolutely nothing. when you look

caterpillar yesterday lowering its guidance for the first quarter, much lower than analysts expected. but then kept its full-year earnings forecast on track, signaling maybe we will see a rebound or maybe caterpillar sees a rebound in prices. of iron ore or the mining industry and the mining business. caterpillar went up on the day, even though that first quarter forecast was so disappointing on this idea that maybe they see it coming back. we'll see if it happens. that could be the key for stocks. >> we've seen a really strong performance in a lot of the mining stocks this week. of course, they're so heavily leveraged. a lot of them. so when we see a reaction in commodities across the board, really, including gold, but oil in particular, that's helping those sectors. absolutely right to mention the dollar on this. i think the first few weeks of the rebound in the oil price sort of five weeks ago was more on demand and supply. we had a few noises coming out of opec and russia and the like. this week, very much focused on the dollar move and how that's helped commodities more broadly.

caterpillar is sticking with its prior full year estimates. dow transportation component fed x the company earning $2.51. beating estimates by 17 cents! fedex raising the lower end of its full year guidance. we'll get the weekly report on initial jobless claims meanly philly fed index in about an hour. later this morning the confidence board index of leading economic indicators. >>> thank you, steve. some news out of seaworld. the amusement park operator will end its killer whale breeding programs. the currents orca in their care will be the last generation. the company said it's take agnew direction amid changing social attitudes. seaworld came under fire in 2013 after the release of the black fish documentary that argued putting whales in captivity made them violent and shortened their life span. >> chipotle is giving away 9 million about yoburritos. based on the cost of the burrito the value could total more than $62 million. shares of chipotle are down 25%. >>> 7/eleven wants to give slurpee fans a brain freeze. they want to give them an o

>> i agree on caterpillar, but their argument isn't an emphatic bull case. they saying three-game guys are operational leverage and restructuring means these guys have a decent balance sheets and i would agree with all of that. on ford, they are basically saying that these guys have actually mismanaged inventory and their margins are much worse than gm and the next guys are at the top of the cycle. autos as we've talked about in the shows. saying this company is as poorly i think in terms of the operational side of the business and sgma and key levels here on a number of auto names are ford right now. i'll go to the man who likes to be contrarian. you don't really need an emphatic buy or sell rather than being different consensus. >> probably more important. >> either a little bit to the upside or downside and you're still surprised in the street. >> right. so of these particular names i would be very cautious on ford, for exactly the reason you talked about. we talked about the fact that auto sales are flat-lining at best and if not declining. we've seen th

you have verizon, caterpillar and walmart leading the dow higher. there was no theme with the winter -- with the winners. losers definitely had a theme -- goldman sachs, american express and jpmorgan -- the continued pummeling of the banks we have seen. financials do not like low interest rates. if there is one thing we have learned is that. we've got so much more to talk about. we had the fomc meeting yesterday. a little bit mixed, which is interesting. exposedyear is the most to interest rate sensitivities, so it's interesting the yield is down on that one. scarlet: it has been a big week for central banks. the reaction in the currency market is one of utter confusion. then itthe leg down and erased its gains and is stronger again. norway does not want its currency to appreciate too much. scarlet: the brazilian realogy sending its rally because traders are betting there's going to be some kind of regime change soon. tracy: it is the impeachment rally. have you ever heard of such a thing for? scarlet: perhaps lula and his appointment may be blocked

that's not just caterpillar. cummins, another huge engine company saw the stock go from 85 to 110 in a straight line. big funds were under invested in cyclicals. i get it. but the stock got too cheap. then the paint company valspar. it was disappointing last quarter. people slashed the numbers and the stock dropped. they bought it this weekend. they didn't buy it for the quarter. the idea that the company's existing stock price was too low given the opportunity to present it is so obvious given the premium that valspar is going for after the sherwin-williams the rights make what were improperly valued by the market. company's earn ing stream is bigger over the long term than the market was willing to value. does that mean valspar stock should have been higher? yes. definitely. huge premium. says a great deal about how wrongly valued it was coming into today. how about the media companies? not long ago the market determined that cord cutting and expensive programming -- okay? are two head wind it is company couldn

caterpillar, the global player, 12% higher. walmart, talk about your household name, no company like walmart to deliver the goods for investors in this quarter, and, charles, we talked in january about what a lousy start it was for the year, and maybe this was just desserts we have seen such great performance out of the market. we're back at it again. stocks are climbing higher. not too shabby here. >> and led by the blue chips. love seeing that. now to the race for the white house. donald trump getting hit from all sides. the candidates on the left and right slamming his remarks on abortion. >> what donald trump said today was outrageous and dangerous. >> the idea of punishing a woman, that is just beyond comprehension. >> really it's the latest demonstration of how little donald has thought about any of the serious issues facing the country. >> really not prepared to be president of the united states. >> the former g.o.p. presidential candidate and now donald trump supporter, dr. ben carson, dr. carson, welcome to the show. >

ended @within the last hour, about 900 @supporters here in broad view @heights that services and sells @caterpillar heavy equipment. @the governor doing some heavy @campaigning. @he's facing his biggest test @ever in a campaign, he has to @win ohio to keep his campaign @going. @he's not criticizing donald @trump but hopes that those @turn out for it. @>> john kasich needing to win @his home state next tuesday to @keep his bid for the white @house @alive. @what's the difference of @running @for governor and running for @president? @>> it means i get to cast a @ballot for myself for president @of the united states. @that's pretty crazy. @it's telling people what i've @done and how ohio has come back @and say i would like to have @your vote and would like you to @reward my efforts and have a @chance to take it to the whole @country. @>> i don't know, we're running @out of time here and it gets to @be between me and the people of @ohio and not someone coming in @from the outside. @>> how much collaboration is @there between the campaigns @>> i don't get into that. @>> some new reports claim ohio @lost

look at caterpillar here. caterpillar gave the worst kind of profit warning, dropping -- essentially dropping profits 30% in the first quarter and the stock is up 1% today. look at that. moved about 3%. this is a two-day chart. that's a sign of how powerful the weak dollar rally has been. now, take a look at other commodity needs, throw in a couple of names, free port, alcoa, devin energy, energy stocks moving today. this is the second day of a notable rally. put the same stocks up, put the full screen up, i'll show you what the same stocks have done just in the last 24 hours, since 2:00 yesterday. free port up 11%, alcoa up 7.5%. this is less than 24 hours. that's how powerful the rally has been on the weak dollar. weak dollar means the euro and yen have strengthened. what does that mean? that means tough news for european stocks, who are big exporters, like the automakers, bmw and daimler and sneaker manufacturers like adidas. but let's not look a gift horse in the mouth. we're seeing an expansion of new hig

glucosinolates which give mustard its flavor were evolved by the cabbage family as a chemical defense against caterpillars? yeah. well, that was fun. good for you, leonard. hey, there. hey, you' re early. the movie doesn' t start for an hour. actually, we' re not going to the movies. we are here to kidnap you. what are you talking about? well, you eloped and we didn' t get a chance to throw you a bachelor party, so there' s a van downstairs and we' re here to take you to a surprise location for the weekend. well, i' d hardly

so we'll be looking for earnings from the likes of caterpillar, hit hitchi as well. let's look at the markets open now. seoul's kospi is up, as is australia's index. i'll have more in a few hours, but that's all for me. >> thanks a lot. we'll talk to you in a few hours. >>> japan's tourism industry is booming, but the record of foreign tourists has create aid problem. a serious labor shortage in hotel, shops and restaurants. so the service sector is innovativing. nhk has the story. >> reporter: this is the spa resort, southwest of tokyo. the hotel managers have taken a close look to determine if they are really necessary. >> could you put your shoes here in the shoe lockers, please. >> asking customers to store way their own shoes, means one less choir for the hotel staff. >> your room is at the far end. >> the inn has stopped escorting guests to rooms. >> it looks nice. >> laying out the futons used to take a staff member two hours. guests now make up their own bed. fewer workers means lower rates. one night stay costs about $80, with two meals. that's about half th

caterpillar is being hurt very badly not because their machines better, caterpillar makes a better machine. the currency manipulates and began have that. we are not supposed to do it. they have no fear of our government. they are dealing with babies. we are dealing with babies. they are grandmaster players and we have people that should be negotiating for us. we shouldn't. one more question. go ahead. i'm not good finish with her because she's never asked a decent question. >> win reelection comes up, would you support him? mr. trump: lindsey graham is probably a nice guy. i was tough on him because he is tough on me. i think he is probably a nice guy. i could probably get along with lindsey graham. i could probably get along with romney. i have nothing against mitt romney. i understand how he feels. he worked really hard, he should've worked harder. but he worked really hard and you didn't get there. i understand it. i could probably get along with mitt romney. i don't know mitt romney very well, i endorsed him, i helped him. i don't really know mitt romney. i could probably get along wel

caterpillar could not sell its a great machinery. so let's remember this was a systematic credit crisis. >> well, we're still living obviously with the ancillary effects of the crisis in politics. four states went to the polls last night. decisive victories winning michigan, hawaii, cruz winning idaho. polling had shown a big advantage firefighter clinton. clinton did win mississippi. now we look ahead to tuesday, of course. ohio, florida, north carolina, missouri, but that -- the trends of globalization, of flat wageses, jim, that is resonating everywhere in these states. >> it's interesting. to be able to promote jobs and sell principle shampoo to china under attack. nafta under attack. trump resonating with a view that, look, no one's playing fair and everyone knows if you work at a union, at gm or ford, that they are paid too much versus where you can 3,000 miles south make $5 an hour to make cars. does resonate. >> does that continue to be part of the process and do you expect that whoever the next candidate or president may be

if you sell doughnuts next to the caterpillar plant you're not doing so hot. it is all connect the. the boj and fed matter to me. if hi to buy something ahead of the fed it's utilities because i have that dividend. >> if i had t-- >> if you had to? >> if i had to but i wouldn't. >> i would stay with my longs. >> absolutely. that's a great play. right now you have to buy volatility, s&p puts, why wouldn't you? the lowest it's going to be. when you look out, every time the fed has hyped rates for the next five years you get higher volatility so in this environment, any time volatility gets this high, you buy it. >> the 200-day moving average has bumped up against and at 1860 it's failed each time. you do have to protect your portfolio. i would also say, how about target. you don't like to go outside the united states. target i think is one of those names that's just continued to -- brian cornell has done an unbelievable job and give you a great yield. the insiders bought when they told you it was time to buy this name and this name continues to perform over 80 bucks. >> rather buy coc

glucosinolates which give mustard its flavor were evolved by the cabbage family as a chemical defense against caterpillars? well, that was fun. good for you, leonard. hey, there. hey, you' re early. the movie doesn' t start for an hour. actually, we' re not going to the movies. we are here to kidnap you. what are you talking about? well, you eloped and we didn' t get a chance to throw you a bachelor party, so there' s a van downstairs and we' re here to take you to a surprise location for the weekend. well, i' d hardly call this kidnapping. where' s the blindfold? where' s the duct tape? where' s the part where you call me and demand ransom on the phone, but you hang up seconds before i can trace it m getting too old for this crud"? when do we leave? yeah, penny packed you a bag. wow, okay. re seriously going to get in a van and let these two take you to an unknown destination for an entire weekend? re coming, too. going to get me to do that? unhand me! this is ridiculous! and i told you he bit me! our whole universe was in a hot, dense state ago expansion started... wait! the earth began to cool neandert

glucosinolates which give mustard its flavor were evolved by the cabbage family as a chemical defense against caterpillars? yeah. well, that was fun. good for you, leonard. hey, there. hey, you're early. the movie doesn't start for an hour. actually, we're not going to the movies. we are here to kidnap you. what are you talking about? well, you eloped and we didn't get a chance to throw you a bachelor party, so there's a van downstairs and we're here to take you to a surprise location for the weekend. well, i'd hardly call this kidnapping. where's the blindfold? where's the duct tape? where's the part where you call me and demand ransom and i try to keep you on the phone, but you hang up seconds before i can trace it

and, they didn't have caterpillar tractors. i love john deere. they didn't have tractors. they didn't have cranes. they didn't have excavation equipment. the wall is 13,000 miles long. we need 1,000 miles. we have all of the materials. this is going to be a serious wall. this is going to be a high wall. this is going to be a very serious wall. we are going to stop drugs from coming into new hampshire. you know, when i won new hampshire, those people were so incredible to me. when you go to new hampshire, it is so beautiful, it is so bucolic. and yet, when you go to a meeting in new hampshire, the number one problem, heroin is pouring in. they have so many young people and other people addicted. i told them i'm going to stop it. i'm going to stop it. we are going to have a strong border. we are going to have a strong border. people are going to come into this country, but they are going to come in legally. >> what do you think of rick scott? mr. trump: he is a friend of mine and i have a lot of espect for rick scott. >> are your plans --donald trump: we have a big problem.

verizon's up 17%, caterpillar up 13 percent. walmart, well, the only good news is they're returning cash to shareholders with a $2 annual dividend. american express, boeing came under pressure, all down roughly 13%. we've seen the investment banks getting hit hard, and there's no doubt they've been hurt with bonds, stock, commodities, a very accommodative central bank, janet yellen talks about lower rate hikes, and that's weakened the dollar. connell: interesting. thanks, nicole. we do have another business alert about this company, valeant pharmaceuticals which continues just a dramatic plunge. this year, just this year, the stock is down 73%. gerri willis in the newsroom and, boy, you wouldn't want to be an investor, right? [laughter] >> yeah, but lots of people are are, right, connell? this is fascinating. valeant is asking for more time to file its earnings report. it wants to file may 31st as opposed to april 29th. and it's asking lenders for permission to do so because if you don't file, you're in big trouble. the people w

. >> i look at caterpillar, it's gone up on what? the baltic straight going up for eight straight days? chinese parliament saying good things? i think that world has bottomed that it sells into. but the stocks have overreacted to the bottom. >> yeah. >> i think there's a giant short covering trade that's been going on since february 11th. >> chesapeake up again. their 10k, which was filed a week or so ago did say that the head of their audit committee will be stepping down this week. he informed the company of his decision to resign from his position as director. he was the chairman of the audit committee of the board of directors at chesapeake. but the disclosure was just in the 10k on page 159. they say no disagreement with the company. he will spend more time focusing on clairion off shore partnerships. >> blackstone has money to throw at this group. if i were chesapeake, if i were on the board, i would say, listen, let's do 160 million share offing right here right now. make it so we don't have a problem paying off that 2017 debt