FIRST AIRED: July 24, 2019

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00:00:00
weak sales in China and fallout from the terror for slim caterpillar's earnings the heavy equipment maker's quarterly profit slipped and fell short of what analysts were expecting sales of construction equipment the company's biggest revenue source saying twenty two percent in the Asia Pacific region much of that stem from China where economic growth has been slowing down at the same time caterpillar's production expenses rose those due to higher costs related to terrorists and labor the terror for between the US and its trading partners like China has dampened business activity and that is her caterpillar which is widely seen as a barometer for the global industrial economy on the bright side the company managed to grow revenue three percent as rising sales in the Americas offset declines in Asia and Europe Africa and the Middle East down the road however the bulldozer in tractor maker expenses full year earnings will land at the lower end of its forecast range some investors dumped caterpillar shares sending them down as much as seven percent in early trading Wednesday the stock with the day's biggest drag on the Dow index