 Welcome back folks. I doubt I was down 23 Nasdaq is up 31 the S&P's the flat Let's go inside that dial and see What is the strength versus the weakness inside here? Put this baby up point wise what we have is that Yep, it's Boeing Boeing's putting 30 negative points Caterpillar 9 Dow to point 9 not that bad Apple's putting 11 positive points You got 3m putting 9 big Mac is putting 8 and let's go over to dear Tom and see what? They have to say they there's no doubt. This is a man. I was down eight bucks Yeah, off the lows, but they had a little bit of negative action this morning on their earnings That's for sure. Yeah, so let's see what that. Let's see So the headlines is dear outlook disappoints as trade war keeps farmers frugal can't blame them Yeah, it's the sales of agricultural turf equipment forecast to fall five to ten percent Let's see dear delivered more cautious outlook than expected for a year ahead as simmering US trade tensions and Growing and difficult growing conditions keep North America farmers from replacing large equipment Demand for machinery has taken a backseat as trade concerns of farmers worried about who will buy their products Man, it's got to be pretty intense to be in a farmer right now, man You know man, it's not much tougher that you can be going through I imagined from what I continually hear what they're dealing with out there Yeah, seriously, man Okay, so giving their first guidance for fiscal 2020 the newly appointed Chief is executive office John may project a net income in the range of 2.7 billion of 3.1 and That compares with the 3.46. That's that's quite a that's staggering, right? I was waiting again I mean, that's just they might have income of 2.7 billion and they were gonna have maybe 3.5 That's 800 million dollars to the bottom line that just might go poof. Yeah So that's that's serious business And that's keeping in mind that that was the average analyst estimate which already factored in some struggles Yes, you know, so it's yeah. Wow Let's see a fiscal fourth quarter the top truck to make reported better than expected sales and earnings that were broadly in line with estimates the There let's look at the positive there are positive the deal between the US and China could provide stimulus So well, good grass, what you're waiting on that man Seriously, yeah, I if you were a farmer just pitch this hook if you're a farmer and a deal comes down and You have to depend on that deal staying in place. Would you go spend the hundreds of thousands of dollars on equipment? That's right That's pretty no. It's a great point. Exactly. I mean, you know, that's uncertainty is as I don't as I mean, it's just everywhere So yeah, no doubt. So that's the deal. Let's go over to Caterpillar and see what that's doing to Caterpillar Yep hitting Caterpillar a little bit this morning as you might expect right now. It's bad though. Interesting, right? You know, no. Yeah, and I think they're both, you know They they got of course the farming equipment, but they're both into mining equipment big-time too. I believe let's see so Under the scripture of Caterpillar, you got construction mining forestry Let's go into deer and see maybe deer is just a bigger agricultural deal. I See so that's interesting. They they they're into construction of forestry also, but agriculture is the number the first one Yeah, yeah, so if I put the revenue, yeah, that's what I was waiting for Okay, so this is cool. They do break it down. So deer revenue wise Agricultural and turf 23.7 billion construction 11 billion. Okay. Now, let's do Caterpillar. So we got to remember those numbers with 20 23 and 11 Okay, cool. And then inside Caterpillar, let's see if they even break it down for us, right? Sometimes they sometimes they hide the sauce they do they do and there you go Yeah, machinery energy transportation 51 billion. Yeah, it's it's a little different mix Yeah, hey, how about oil if we could jump over so we just had those crude numbers come out quite a miss man We were looking for we talked about it yesterday on the show The estimate was looking for the an EIA inventory decline of about 800,000 barrels and it looks like we still got plenty of oil man that number coming in at 1.5 million barrels on crude and I'm pulling up the chart. We initially got a little bit of a thrust downward. I got the chart up there We spiked to 58 16 But oil right back to where we were man 58 dollars 37 cents. We didn't miss a beat and we're actually trading higher on That number right now. Wow pretty remarkable and you know the remarkable run we had last night, man You look at that. Hi, we had it 650. I call it last night 6 50 a.m. This morning we're up at 58 dollars and 66 cents and Boy, oh boy crude catching a bid right now at 58 49 As it looks like Even a surplus an unexpected surplus on that EIA number can't hold it down. That's pretty wild And it is what you're doing here folks. Okay, it was gonna be interesting here Is that you're going right, you know, we've been up here a few times and 58 74 is the number that it's trying to break through right now Look at we might get there by the end of the segment let alone show no no totally totally I can see that I mean talk about a trend of higher highs and low and higher lows, right? I mean that trend is just It's pretty clear. Let's put that on a yearly. Well, I actually got to do a C L And C L1. Yeah There we go We got the gas inventory up there as well plenty of gas 4.3 million barrels of gas inventory Oh No, excuse me. That's the API gas came in at 5.1 and the estimate was only an increase of 800,000 So plenty of gas as well coming into Thanksgiving Yeah, you can see they have this long-term charred up now of oil and we've been here for quite some time I mean this thing back down and let the well actually a year ago. That's that's when it's back down uh Look at that. So in September last September folks here at 76 dollars And In the middle of december we were 42. Yeah, that was crazy run. Yeah, and that's that's of course The market it took the market down simultaneously. That's in the market itself also. Oh, yeah, I'm sure that you look at that December Low some of those big bars. That's when the market right good old good old christmas eve was Scrooge on christmas eve coming coming for all the cash coming for all the cash on christmas eve And he got it and he just had to give it back the next uh That's right. It's not giving it back the next week though, right? Seriously. Yeah, no doubt So if we go overseas and take a look at overseas folks last night You have um, you know, europe is basically up slightly this morning Um asia was mixed last night, you know, hong kong still hank sang still can't move So there's not a lot a lot of moving over there And what does happen even though that they are not opened We are not opened There's not really a lot of action even the next couple days It's it's always intriguing to me that if our markets are closed their markets are open, but they're a lot slow, you know It would make sense with the biggest uh economy in the world So we shut down, you know, you take out all that gdp. You take out all the workers We're eating some turkey we're eating some stuffing And um, even we're closed on friday one of the only days really that we're closed when the market is open Stock market open for a half day on friday But really, I mean if if they didn't have the regulations, I think that say that the stock market can't be closed for four straight days They have to sneak in a half day open there just for you know price discovery to make sure that things aren't closed for too long But very few traders in the office for friday after thanks to that. That's quite a rule, huh? It should be because bad things can happen You start closing the market for four or five days when you reopen You know a lot can happen over that time you want to make to mark to mark you on against these things Stay right there folks. That's how me and I come back. We get out man. Mr. Teddy Taste that we're gonna be talking comments. Let's come right back