Michael Regan, Bloomberg News
Oct 25, 2012|
Michael Regan, Bloomberg News
Transcript - will not be 100% accurate
Good morning welcome to show that you if you unite and learn from a few here. We're joined by Michael Reagan from Bloomberg News in new Yorker trying to figure out this caterpillar story. Michael I'm looking at caterpillar shares -- up a dollar 44 share but I thought that they have lowered their guidance going forward good morning and welcome. But -- except me well you're right you know when earnings first came up the spectacle but the died in the premarket. Earnings were were fine yet the earnings per share actually beat estimates by a few cents. The record sales missed by about 2% reported sixteen point four billion insert salesperson. Average estimate of sixty point seven. -- said that. The forecast for 2013. Whistle was alarming when it was first reported it. Basically they're looking for sales to be down as much as 5% workers as -- is. Is much -- percent to -- big green tree there. It Walsh tree was basically looking for 2000 ticket sales to be up about 5% so that top of -- their work has sort of match will -- you were but you know if you know so election and up to. Paul. Of course mr. look at a poor's insurance pretty good sales growth in the last few years so. That was a little bit of the -- of the stocks that have backed up almost 2% now so the first capital equipment. How much are their sales are foreign based day is posted domestic there's a I'm wondering if this is an in an emerging markets story in a global slowdown story. It actually is in fact they they basically blamed the slowing global growth for their forecasts. Been making it -- we're back -- backlog is down about 18%. So it. Eight you know it's really and emerging markets it's the mining and sort of in resource production. Slowdown that's really you know global that turning them the most so. Team you know that that's what basically what we're going on the forecast for 2013. Or uninteresting the in its history dot com being bought by a private equity firm why would anybody -- Ancestry.Com. But at we know it's really it's been decent. Sales and earnings growth over the past few years I mean it just crossed about two million customers. Basically what it is is its web site that allows you to you know -- DNA. And you know figure out exactly what percentage. Of different ethnic groups. You know eat -- There is an Indian and and a you know it's it's spring it's been growing. You know -- in popularity you know two million users. They're. Earnings be announcements just not a recorder they reported since 2010. The latest forecast was above estimates it's premier wants you know get it on the current business. In you that you subscribe to it looks like -- thirteen fourteen dollars a month why would you pay port on a monthly basis I guess that's part of understand. I had a question asked I don't know you'd think he would you know do one -- report and figured out. I guess there's more you know that they have no remorse or is that they're -- all the allows you to sort of build your family tree and maybe. You know linkage with other members you found in an almost as social network type of thing where he can really you know go about your family tree. You know and month by month that you learn more about your history so. I guess I guess that's what the market subscribers her and that. Varied state will Michael thank you very much for your time appreciate -- Michael Reagan Bloomberg television in New York to top stories. Caterpillar which we initially went down in in the premarket now it's trading up about 1%. And then secondly this Ancestry.Com. Story I've never used Ancestry.Com. But -- now I've heard about it. -- -- Which you're at the a -- all the little afraid to use it because I don't know what at what different my grandfather is higher than -- or some anglers or worse. I can't -- them a little. What you don't know indeed I'm fine with my my dad's. -- signed up for but he said it was disappointing and they there was nothing there. You know lead on the video already did now rank. And say it's -- you -- it sounds that you pay a subscription the they've got two million subscribers and they're paying twelve dollars to 34 dollars a month to access the content. I -- few Beers in my dad back in China more that way about my. I can't title on ancestry on IDs of the find out the you don't really want to know exactly. Got a brother he didn't know about our. I'd ask him Harry you just get. Hey are we're gonna do the next segment is -- take questions I've been away for weeks ago my guesses there you might have a few. Pent up questions are text number is six ED 680 in if you have a financial question whether he could be regarding the stock market. Tax laws -- do with what's what's going to change the tax laws at the fiscal cliff coming up. It's on us and a couple months you've been away on vacation away from everybody's. Text questions finance tax questions at a Greek and so you clear your mind so -- X 8680 year. Ramps up we'll see if there's anything left there. It's -- pineapple I'm still unknown Hawaiian China you know. Are you will be backed your text questions come next 68680. Is the number to send your questions to.