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a bullish forecast about the global economy from caterpillar today. the world s leader in bulldozers and excavators expects sales to grow as much as 20% this year. the company also predicted the global economy avoids a recession. tom, those comments came as caterpillar reported record quarterly earnings, posting a gain of 60%. tom: susie, that performance is an important economic indicator because caterpillar s business comes from infrastructure and agriculture spending across the globe. caterpillar earned $2.32 a share, surpassing estimates by almost 60 cents. these results cap a year in which caterpillar saw sales grow at their fastest pace since 1947. investors were encouraged. caterpillar stock rose almost 2%, and it was the best performer in the dow. susie: a short while ago, i talked with caterpillar c.e.o. douglas oberhelman and asked him what areas will fuel growth this year. just about everywhere in the world. at the midpoint as $70 billion we ll be up ab ....
a bullish forecast about the global economy from caterpillar today. the world s leader in bulldozers and excavators expects sales to grow as much as 20% this year. the company also predicted the global economy avoids a recession. tom, those comments came as caterpillar reported record quarterly earnings, posting a gain of 60%. tom: susie, that performance is an important economic indicator because caterpillar s business comes from infrastructure and agriculture spending across the globe. caterpillar earned $2.32 a share, surpassing estimates by almost 60 cents. these results cap a year in which caterpillar saw sales grow at their fastest pace since 1947. investors were encouraged. caterpillar stock rose almost 2%, and it was the best performer in the dow. susie: a short while ago, i talked with caterpillar c.e.o. douglas oberhelman and asked him what areas will fuel growth this year. just about everywhere in the world. at the midpoint as $70 billion we ll be up ab ....
ca ni captioning sponsored by wpbt tom: good evening and thanks for joining us. good news today on the u.s. economy: it grew in the fourth quarter at its fastest pace in more than year. but susie, even that growth rate was still quite modest. susie: tom, most of the growth came as american businesses restocked their shelves and as american consumers spent more money. let s look at the details. the commerce department reported that the nation s gross domestic product the value of goods and services produced in the u.s. rose 2.8% between october and december. but many economists were expecting 3%. tom: while clearly not a red hot economy by any stretch of the imagination, there are concerns over whether the u.s. can keep up even this tepid growth rate. erika miller reports from new york. reporter: if you want to know what s in store for the economy, it helps to come to this store. eneslow in manhattan does not just sell shoes, it makes them in a workshop downsta ....