FIRST AIRED: May 23, 2017

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00:00:00
financial markets have calmed from a tumultuous start to the year and worries about trying to push in the global economy off the cliff may have eased but a big warning for the caterpillar on Thursday serving as a reminder that the world economy is still a shaky quoting , but that's not the case all around the world there are just two weeks left in the first quarter and caterpillar issuing cells and profit guidance that are way below analysts' forecasts , its profit outlook is one billion dollars less than what wallstreet is looking for for the January to March serious , caterpillar has been struggling as a construction boom goes bust in emerging markets like China and Brazil and that's not all the plunging commodity prices have also hit the company quite hard with many of its mining customers dropping machine orders like a rock last year annual sales fell twenty five percent caterpillar has been trying to counter that are aggressively slashing expenses , but here's a caterpillar are trading higher Thursday despite the first quarter warning caterpillar standing by its full year outlook investors see that as a part of companies that at least things are not getting worse