County bulls regroup here . Caterpillar posts a record quarter. Michael soft launches windows 8 this week and so far the reviews kind of tough. Its been called baffling and confusing. Googles new laptop gets glowing reviews. And bp is selling 50 stake in russian oil producer tnk to rasneft. How will it change the market landscape . The dow and the s p closed below their 50day moving averages friday. All three major indices suffering worst day in about four months. A lot of discussion about the percentage of Companies Beating on the top line. Its the minority. Its the minority report. We finely got there there, to a point where companies we always thought it would happen. We always thought during the slowdown we would finally have the triple whammy. Europe not be good, asia not be good, United States not delivering. Were seeing it. Look, its not verizon didnt feel it, chipotle didnt feel it, parker hannafan says it was a disaster. Mixed has been nearly stocky in the sense its not i cant come up and say, you know, that was the execution of parker. It wasnt. Theyre in too many different businesses. Obviously, you cant be thrilled here. You cant be thrilled. Even today, to your point, you have a mixed bag. Caterpillar on one side disappointing, freeport, peabody that looks a little better. How are investors to say all the noise and figure out what the signal is . Peabody has been so down on its luck and so low that can bounce heavily short because india and japan ramping up a lot of coal production. Japan has to because of nuclear. Freeport trading down after frading up. Theres a gloomy prism. So many people are saying, revenues arent that great. Were picking apart everything we used to say. Vf corp being the example. Im looking, that looks good. I had eric weisman on, and this was better than i was looking for. The stock was down 7 . Did people finish reading . T im sorry fog doing a lot of homework. That was stupid. Weisman is on this morning at 11 00 on squawk on the street and well talk to him about north face and 4q slowdown now youll hear people say, the expectations got too high. Weisman said they would do x. Were getting so granular that the its not enough of an upside surprise. Its hard to we looked at friday at google and then a host of tech are coming in, things are not that good. Sevener, where you see the enterprise willing to spend money and it doesnt seem to be there. The thing thats most frustrating to investors, a sense no one can figure out where we are in the cycle. Equities versus credit. Friday, you had a huge breakdown in equities and but credit held up well. The credit boom may surpass what we saw in the middle, so where are we . At the end of the crop cycle . The Business Cycle . The fundamental uncertainty seems to be part of the problem. Thats a great point. If you go listen to dave cody, he says things are slowing down. Were hitting it out of the park. Wait until you see when things are better. Then youre on google, you know, i had i took the google quarter home and didnt read it during various halftimes. I actually stopped between your appearances on espn. Exactly. Google was otherworldly. Its okay to say it wasnt a great quarter. Theres no harm in saying it. Its not going to make your stock go down more than when you hear the disingenuous great quarter, great quarter, great quarter. But 34 is not a bad quarter. How about that, we had a not bad quarter. Ill go for that. Yahoo tomorrow, Marissa Myers first call and well see what she says cause for click and things like that. Fun fact. Stocks that beat over the next five days, up 1. 7 . Stocks that miss over the next five days, down almost 4 . People want to punish the losers here. We took out chipotle, we have chipotle on tonight. I have to tell you, theres a lot of what i regard reanalysis of what weve been seeing. Chipotle had a halo. Gone. Doing hl a halo. Gone. With chipotle, momentum of investors behind it and stopped growing at the rate we anticipating, its not like we see that story. Now they make burritos. For years they werent making intelligent food that was the halo. Yes. Its a burrito factory. Still delicious, obviously. I like it, too, but i had panera, took six kids out my daughters parents weekend and its panera, were going to panera. They had the one plus one. Earnings tomorrow. Six years ago, its funny, i wrote a piece about chipotle had done a good job of maintaining same store sales growth. Does panera have the same factor . Maybe it does. You have same growth. Its always been a mystery what the chipotle moldable should be because people care that much about organic . Now, panera has a good touch and feel but chipotle has gone out of its way to say, listen, we will not sell stuff the other guys sell. But its expensive. Shop house, the asian initiative, is that going to work out for chipotle . Will it have as much traction as people did as the famed burrito when it was first rolled out. When i went to chop house, there was tremendous confusion. Maybe they worked that out. I went to chop house and it was like, guys, whats that dish . They were like im getting hungry, so lets move on to tractors. Which will maybe stem my appetite. Caterpillar reporting earnings of 2. 54 a share, exceeding wall street. Last hour on squawk box caterpillar ceo was asked what hes more worried about, krin th china or europe . We see china recovering a little bit in 2013 but europe we see it struggling along like its been. I dont predict a recession anywhere in the world in 2013 but theres so many unknowns to know how that will end up. Im optimistic about china. Interesting on a number of counts. Europe, basket case, it continues. You spent a lot of your time there, or close to it. Exactly. China, thats an important call. I thought so. Wednesday, china flashed pmi. When you talk to people about whats going on in shanghai, they get a sense maybe this bottomed out when pmi did in august and now maybe positive momentum, pick up in m1, m2 variables. If you take that out and its below 50, that could jpmorgan coming out saying as the focus shifts, the u. S. , which has been the stronger player, looks weaker and other parts of the worlds already have weakness priced in. Honeywell saying were going to be okay in china. Clause klein feld yes, i like saying his name. Its more rewartding. Hes saying this was the last bad quarter. You mean for china at large . For china. How about the stakes raised tonight, is romney now bad for American Companies trying to do business in china . This is a point. And he had caterpillar ceo saying its your typical Election Year bashing. If its not, cat has a lot bigger things to worry about. Is this big . I assume but talks with afghanistan and benghazi we thought this was going to be about the economy all the way to the end. Its taken a hard right turn. Tonights the intellectual debate. Ge obviously doesnt want anything bad said about china. No. We heard the same thing from caterpillar ceo, he thinks this is about political rhetoric. Last week strategists said which candidate might be more market friendly. Some believe romney with the sabre rattling could be more upsetting to markets. Which you get a cold war between countries, you can see the chinese, communist parties, no toyota i dont know how to say that. We export a lot more to us than us to them. General motors, chinese shuts down General Motors and he dumps all the gm stock like that. What about apple . I dont know. You dont know. Its worth saying. Weve mentioned it several times, the relationship with china is complex, and its interesting to watch how we handle it. Exports to china did pick up a little bit. So it may not be purely a sort of it may not be purely a phenomenal none related to japanese exports to china. Yes. Cars basically when their own obama ambassador is make sure youre not seen in public talking japanese because people have been attacked in restaurants. The situation is volatile. If we see it show up in data is thats a great point. Im focused on u. S. Companies where china has been free degree port, where china has been the momentum driver so you want to buy gm was breaking out last week. Im thinking, wow, maybe gm is taking share in china. Maybe its just people saying, stocks beat down. Closer to home this morning, microsoft under scrutiny as the company gets ready to launch windows 8 later this week. Many changes are drawn skepticism from analysts and customers, including the removal of the traditional start button. One using complaining in the times saying, it made me feel like the biggest amateur computer userer. Weve heard from the likes of everybody who covers the company saying there is some risk when you change a product so dramatically, as they are with 8, jim, youll alienate some people who are comfortable with it. Ive used it. I think its an exciting product. I alleges fi i always find when im with younger people they laugh. Microsoft . You know, its like, wow. Im sorry, i dont to want date myself, yeah, i used microsoft, yeah, i watched black and white tv. Its too much for me. The screen got small. Its a implogloria swanson thin. This could be sunset seattle boulevard. Steven desmond, is that what youre saying . Oh, yes, i like that. Look, i think its exciting product but at the same time, look, i had a total shutdown of my hewlettpackard this weekend, bug got in it, total freeze. Immediately i call all the i. T. Guys i know and they say, if you used apple, if you used apple. I want to know the start button, i mean, i need a button that says, were way better than apple. Apple doesnt have a start button. Right. And he hated that. Remember, he hated that. The street today reviews the google laptop in saying its built by chrome, built by samsung, a. R. M. Technology, as quiet as a smartphone or attack let, no fan pushing out hot air, and they say apple and microsoft have reason to worry. One reason that drew me to the mac book air, it was light, didnt emit a lot of heat but its so expensive. Its an expensive investment. If google can come in and undercut the user for that yeah. Overseas, googles got a lot more momentum. Samsung has more momentum yoef seas than here. When i go into costco, carl, when i go into costco, david, and walmart, david were all associated by our documentaries. If i come in and i see a google pc for 189, costco will come underneath, walmart 159, maybe ill switch. Thats what you need to see at costco. Best buy, 66 billion, thats a lot of cash, a big cushion. Thats what caterpillar sees in revenue for the full year, 66. Thats how much spain has to raise between here and year end. Thats exactly right. They can invest at 6 , 7 , not bad. Why not . Yeah. I thought apple was already in for that. Didnt they commit to that . Apple owns all the five and tenyear. Its the twoyear paper microsoft wants. Promissory note. The internet and fashion coming together. Meet the ceos of a company you would call netflix apparel. Interview of eric wiseman, talk about the quarter they had. Lets get a look at futures. Moderate weakness. Well see what the opening bell brings in about 14 minutes. Breaking news out of fedex. Company plans to hire 20,000 Seasonal Workers, the same in 2011. Expects december 10th to be busiest day ever, driven of course largely by ecommerce. Weve seen a lot of the big delivery services. Amazon. Com, retailers announcing seasonal plans. Most have been, i dont know, low Single Digits above last year, not flat. Right. The disparity between fedex and u. P. S. Is fedex is taking the kitchen sink. Everything is bad but were going to sepend a lot of money. U. P. S. Being brought down by politics. Every time u. P. S. Talks its a referendum on politics. I think that fedex and fedex is trying to take a lot of share from u. P. S. U. P. S. , trying to acquire the big dutch competitor tnt. That actual acquisition, there are questions about it. So as it figures on you to take on fedex globally, thats another piece to keep in mind. Two great companies. U. P. S. On yield basis. Fedex, classic where you talk about disappointed, disappoint 1k3d now the stocks up. Buy it on disappointment, sell it on outperforming is how to broach it. Thats right. You buy it after the rg3 touchdown, before the victor cruz ruined by fantasy weekend. Oh, wasnt that clutch or what . Cruz missile is the headline in the post today. Microsofts window 8 is making some users feel like amateurs. Many familiar features are gone, like the start button thats helped users get to all kinds of programs. Newly released Software Goes on sale friday. What should the slogan for windows 8 be . Tweet us squawkstreet and well get your snarky responses throughout the morning. Are you sure theyll be snarky . Yes. Last week you heard cramer talk about the best ways to invest in america. After the selloff its all about opportunities. Cramers mad dash up next. And doug lebda, well get his take on the housing industry. Te numbers. And listening to your instinct duff phelps finds the sweet spot that powers sound decisions. Duff phelps Financial Advisory and Investment Banking services. You have to dig a little. Fidelitys etf market tracker shows you the big picture on how different Asset Classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. Im stephen hett of fidelity investments. The etf market tracker is one more innovative reason serious investors are choosing fidelity. Get 200 free trades today and explore your next investing idea. [ male announcer ] Research Suggests cell health plays a key role throughout our lives. One a day mens 50 is a complete multivitamin designed for mens Health Concerns as we age. It has more of 7 antioxidants to support cell health. One a day mens 50 . Between black and white answers. And 1,000 shades of grey duff phelps finds the sweet spot that powers sound decisions. Duff phelps Financial Advisory and Investment Banking services. Lets get the mad dash about six minutes before the opening bell. Before we get to any stocks, you had an eventful weekend watching football and in some ways participating in americas experience of football. Do we have this picture . There we go. Jim cramer with chris burman . 12 screens, every game. Boomer is there, jaws is there, everybody. This was heaven up. Get to watch every game. They know so much more than we do. I say berman said, im the stockuami. Berman asked me about stocks . I said amazon could be the next one card off the field. He said on the punt list . Youre a lucky man. Oh, my, im a lucky man. Have you a candidate for worst Industrial Air products. Now we know, and david knows this, because we talked about this. Now we know why they needed to buy air gas. This is incredible. Listen to this quarter. Unlike google it starts out big say, listen, were bad. Were bad. Local company for me. Wow, were doing bad. Credit suisse on wendys. Starts with neutral. Could be burger wars. For the largest coffee i paid 1. 06 this weekend. Wen wendys has the baconater. You must take it with lipitor. I mean, this thing is just one of the most you know, these prices are coming down for burgers. Yeah. Theyre coming down. And the calories are going up. I dont know if thats working. You go long with wendys and merck, fast food play . Pfizer yes, a tandem play. Its like how you know, when isaac redman goes down at the same time mendenhall goes down, have you to have a third guy, yes. I want handcuffs on wendys, as we say in fantasy game. New logo. Rotten month for apple but will a smaller ipad help the company and a fourweek losing streak. Well get a closer look at the correction. Can dow shake off cat and their look . Ouncer ] you are a business pro. Monarch of marketing analysis. With the ability to improve roi through seo all by cob. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. Im going big. [ male announcer ] good choice business pro. Good choice. Go national. Go like a pro. He loves risk. But whether hes climbing everest, scuba diving the Great Barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesnt nickel and dime him with hidden fees. So he can worry about other things, like what the market is doing and being ready, no matter what happens, which isnt rocket science. Its just common sense, from td ameritrade. Opening bell about to ring at the new york stock exchange. Kicking off the single most active week of earning season. Some big names coming this week. Tomorrow facebook, later on boeing, at t, lily, bristolmyers, apple, and four Central Banks meeting during the course of the week. Here at the board, seadrill celebrating its recent ipo. At nasdaq, Water Keeper Alliance dedicated to preserving water from polluters. I think proctor will be the tale. Kimberly is hanging it. Johnson johnson, that was a terrific quarter. You know how much i love that company. Proctor, this is a make or break quarter for mcdonald. This is it. This is it. This is it. E on Johnson Johnson until they replaced the ceo. Youre taking mcdonald off the wall i think hes real. This is a quarter to see if he makes the playoffs or i think he makes the mrafoffs. Big turnaround. Why is it so critical . Well, because of the sabre raltling, right, because of m k mcnerny turns on him. I see them going up and, up, up. This guy will have Home Field AdvantageGoing Forward if he delivers on that cost cut. Yes. Vf corp leading losers this morning, jim, on the s p. Well see how some of of these stocks have that reported decent quarters are punished. Hasbro coming in in line, also down 2. 5 . Girls toys revenue up 2 , boys toys revenues down 7 . Vf corp sneaking back ever so slightly versus being slammed in the early market. The toy story is very interesting. This is was an unimportant quarter and yet everyone is making such huge decisions on it. I think mattel is the winner between hazmat did you see the times coverage on which is peek and drilling and the jeffreys chair i think one of the things in june, between june 23 rd and june 26th last year the New York Times ran a series saying there was going to be a shortage in natural gas. Aubrey mcclenen was pumping up his reserves. Now, what, 15 months later, theres going to be a glut a