So far, the companies have told us mostly good things this earnings season. But Allan Sloan, senior editor-at-large for Fortune magazine, isn't buying it. He says so-called "tax games" obscure business performance.
Caterpillar reported disappointing earnings this morning. The heavy-equipment maker announced its profits are down 45 percent and also cut its forecast for the rest of the year.
Since the financial crisis, JPMorgan Chase and Wells Fargo have reported healthy report quarterly earnings. So can we finally stop worrying about the health of our financial system?
Juli Niemann, analyst with Smith, Moore & Company, joins Marketplace Morning Report host Jeremy Hobson to discuss the latest earnings reports and what they signal about the economy.
Corporate earnings season kicks off today with a report from the aluminum maker Alcoa. Analysts will be watching closely for signs of how the U.S. and global economy is faring.