including warnings from very large global companies. meantime in europe, the situation continues to focus largely on spain and the esm. right there you take a look at the ftse up 12 points. the road map begins with caterpillar lowering guidance saying it sees anemic growth in 2015. what s behind the warning and what about the two years between now and then? well, google launching a new maps app, will it happen? it gets more heated and more complex. barry diller on squawk said social media stocks are all overvalued but he said he would buy shares of facebook and that the ipo decline is not a national tragedy. and payday for michael kors who stands to make $200 million. he remains long in the shares of this long-flying ipo. caterpillar is cutting the earnings forecast and seeing a bigger drop in demand for earth moving equipment because of weaker commodity prices. they say economic growth is slowing more than the company had expected, but jim, it is for 2015. this mor