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May 6, 2024
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in the next hour, david solomon and exxonmobil's darren woods. meantime, we'll get you set up for a week. not a ton of data, but we'll get you ready for disney tomorrow, uber, arm, airbnb, warner brothers, all this week. ade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. you know what's brilliant? boring. think about it. boring is the unsung catalyst for bold. what straps bold to a rocket and hurtles it into space? boring does. boring makes vacations happen, early retirements possible, and startups start up. because it's smart, dependable, and steady. all words you want from your bank. for nearly 160 years, pnc bank has been brilliantly boring so you can be happily fulfilled... which is pretty un-boring if you think about
in the next hour, david solomon and exxonmobil's darren woods. meantime, we'll get you set up for a week. not a ton of data, but we'll get you ready for disney tomorrow, uber, arm, airbnb, warner brothers, all this week. ade, unlocking the power of thinkorswim, the award-winning trading platforms. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless...
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May 10, 2024
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pension fund, is considering a vote against darren woods re-election to the company board of directors in comments to the times, the pension plan is deeply concerned about the exxon twin lawsuits challenging shareholder discontent over the greenhouse gas emissions and exxon has gone beyond any other company in terms of suing shareholders. it adds, there doesn't seeming to be anythingholder ability to speak their minds. >>> and openai is releasing the a.i. search product on monday in a direct challenge to google search according to bloomberg, the date is subject to change, but appears to coincide with the conference which kicks off on tuesday, frank >> i don't think that is a coincidence. that is intentional. >> i don't think so. >> silvana, that you have. >>> we have more to come here on "worldwide exchange," including the one word that investors have to know today. first, tracking a china triple play from new tariffs and block buster ev ipo and bet from goldman sachs. >>> boeing in hot water again as regulators look closer at the 737 max door blowout. >>> we are looking at one of the
pension fund, is considering a vote against darren woods re-election to the company board of directors in comments to the times, the pension plan is deeply concerned about the exxon twin lawsuits challenging shareholder discontent over the greenhouse gas emissions and exxon has gone beyond any other company in terms of suing shareholders. it adds, there doesn't seeming to be anythingholder ability to speak their minds. >>> and openai is releasing the a.i. search product on monday in a...
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May 10, 2024
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public pension fund is considering a vote against exxon mobil's ceo darren woods' re-election to the company's board of directors in comments to the "financial times," the pension plan says its deeply concerned about the twin lawsuits challenging shareholder discontent against its greenhouse gas emissions and exxon has gone well beyond any other company in terms of suing shareholders you may remember, there are shareholders back in january wanted to come up with a proxy addition they wanted a vote to take a look at what would happen to exon mobil to try and change its emissions from the products that it sells in response, exxon actually filed a lawsuit against those two shareholder groups one was arjuma capital, the other, follow this saying defendants are asking exxon mobile to change thi everyday business eliminating certain of its products it sells. it's said they don't consider them investors the most part doing this sew beability vists to try to very calculatedly, he said, become shareholders simply with the goal of trying to agitate on climate change and put the company in a po
public pension fund is considering a vote against exxon mobil's ceo darren woods' re-election to the company's board of directors in comments to the "financial times," the pension plan says its deeply concerned about the twin lawsuits challenging shareholder discontent against its greenhouse gas emissions and exxon has gone well beyond any other company in terms of suing shareholders you may remember, there are shareholders back in january wanted to come up with a proxy addition they...
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May 22, 2024
05/24
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woods jim, let's talk about this because you do own the stock bit of a juicy story here. what do you make of it >> if you own the shares you're not going to support this suit exxon mobil is doing what it needs to i understand where the suit is coming from in terms of protecting the environment if you want to get to green new energy, you're going to have to use fossil fuel to get there better to partner with the exxons of the world than to vilify them. in the meantime, what is salient here on a fundamental basis is natural gas prices i know it has nothing to do with the lawsuit, sorry, scott, but natural gas prices have almost doubled from their low of about a month ago. at that time, inos, we're seeing, that's the thing to watch for for the next leg up in the stock. that matters far more than the lawsuit. >> joe. >> back to the lawsuit, for a second, if we could, wall street is going to decide on this vanguard, black rock, state street, fidelity, 23% ownership of the shareholder base. they're the ultimate decision makers which way are they going to side on this? >> i thin
woods jim, let's talk about this because you do own the stock bit of a juicy story here. what do you make of it >> if you own the shares you're not going to support this suit exxon mobil is doing what it needs to i understand where the suit is coming from in terms of protecting the environment if you want to get to green new energy, you're going to have to use fossil fuel to get there better to partner with the exxons of the world than to vilify them. in the meantime, what is salient here...
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May 2, 2024
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just listen for example, to this warning by exxon mobil ceo darren woods when he was asked if the term while on these campuses will actually impact who is company even hires what we're seeing on campuses today in some places is something very different from that. >> harassment and intimidation. i think there's no place for that, frankly, at those universities and certainly no place for that i kept me like exxon mobil so we wouldn't we wouldn't look to bring folks like that into our company. and if that action or those protests reflect the values of the campuses where they're doing it wouldn't be interested in recruiting students from those campuses. >> that might be surprising. we're not surprising to you. woods though, isn't alone. i mean, you have hedge fund founder daniel loeb, time, the new york post, quote, we're looking for high quality candidates, but we're going to be looking at different places the ceo of an executive search firm tells the post, quote, i'm hearing from people they don't want to send their kids to these places, but also from the banks that they're leery about r
just listen for example, to this warning by exxon mobil ceo darren woods when he was asked if the term while on these campuses will actually impact who is company even hires what we're seeing on campuses today in some places is something very different from that. >> harassment and intimidation. i think there's no place for that, frankly, at those universities and certainly no place for that i kept me like exxon mobil so we wouldn't we wouldn't look to bring folks like that into our...
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May 3, 2024
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you can talk to darren woods. >> i guess. i mean, they claim it's being misunderstood by the ftc, but they said, okay, sheffield said, all right, i won't be on the board of the combined company. going to be talking to darren on monday, by the way, from milken, and we'll certainly talk about that. we'll continue to, as well, talk about, as i brought up any number of times, this sort of unique dispute that they're in about that joint operating agreement in guyana, in which they're saying they have a right of first refusal. >> is that your lineup? >> that's my lineup, yeah. >> mnuchin's my guy. solomon's my guy. so, those are two -- i've got the two kings. you've got a 7, 9, and a 3 you've got there. >> trying to move it in different directions. day one will be good, though. marc rowan is always great to talk to. >> are you going to ask about colleges? >> he's been so involved. i think it would be hard not to discuss some of the campus protests with him. but there's never enough time for marc rowan. >> marc rowan is fantastic. >
you can talk to darren woods. >> i guess. i mean, they claim it's being misunderstood by the ftc, but they said, okay, sheffield said, all right, i won't be on the board of the combined company. going to be talking to darren on monday, by the way, from milken, and we'll certainly talk about that. we'll continue to, as well, talk about, as i brought up any number of times, this sort of unique dispute that they're in about that joint operating agreement in guyana, in which they're saying...
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May 2, 2024
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woods, the ceo of exxon, and we're going to talk about this deal and what his expectations are for that integration plan, perhaps in more detail and my guess is we'll also talk about something that he was talking about with becky on "squawk box" last friday after the company reported earnings, namely, that continued dispute with chevron over the joint operating agreement that they have with hess and whether, in fact, exxon has the right of first refusal, because it is a change in control. it really may come down to as little as 11 words in that joint operating agreement, having to do with the carveout for the change of control. but they're going to arbitration. the icc, that's going to -- potentially, yes, it's uk law. gets complicated c nook is also involved. they own 25% of guyana exxon owns 45%, and hess owns 30%. hess bought that stake for 30 million bucks. >> wow >> $30 million >> john did that >> yeah. and it's worth $40 billion now >> good for john >> not bad, right? of course, the value of guyana, given what we heard from exxon and its most recent earnings, where they're up to 6
woods, the ceo of exxon, and we're going to talk about this deal and what his expectations are for that integration plan, perhaps in more detail and my guess is we'll also talk about something that he was talking about with becky on "squawk box" last friday after the company reported earnings, namely, that continued dispute with chevron over the joint operating agreement that they have with hess and whether, in fact, exxon has the right of first refusal, because it is a change in...
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May 21, 2024
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we talked to darren woods about it and he said they are not investors, but buying a small number of shares to vote and vote and vote and bring these issues again and again that the company has routinely voted down. anyway, this lawsuit that exxon brought prompted the company to withdraw the proposals, but exxon continued the lawsuit. we have spoken with woods about that, too. he said they are doing that to prevent the activists from submitting proposals again. calpers says this threatens shareholder action. exxon said to cnbc that the activists are attempting to silence tvoices of 90% of shareholders. woods said they are taking this because they want legal rulings and precedent to set the rules of the road. this is the new thing the s.e.c. changed a year and a half ago. it would be much easier to bring shareholder proposals. it is a headache for management who say the majority of shareholders are not interested in and it sets a precedent. andrew. >>> meantime, becky, i'm live in paris this morning. the arc behind us. we will see the olympic torch on bastille day on july 14th. it will run a
we talked to darren woods about it and he said they are not investors, but buying a small number of shares to vote and vote and vote and bring these issues again and again that the company has routinely voted down. anyway, this lawsuit that exxon brought prompted the company to withdraw the proposals, but exxon continued the lawsuit. we have spoken with woods about that, too. he said they are doing that to prevent the activists from submitting proposals again. calpers says this threatens...
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May 29, 2024
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. >>> later, exxon mobil ceo darren woods accusing calpers, the largest public pension fund of neglecting its members to urge a shareholder revolt. calpers ceomarcie frost will join us to discuss. "squawk box" will be right back. >>> one of the most important lessons i learned in this journey as an asian american is the importance of fully embracing myself. we grow up watching corporate leaders, hollywood movie characters that don't look and act like us so when i finally embraced characteristics that i value, authenticity, kindness, being open and curious, that's when i started shining as a business leader. (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com (office chatter) is it me...or is work not working? at least, not the way it could work. your people are buried in busy work. an
. >>> later, exxon mobil ceo darren woods accusing calpers, the largest public pension fund of neglecting its members to urge a shareholder revolt. calpers ceomarcie frost will join us to discuss. "squawk box" will be right back. >>> one of the most important lessons i learned in this journey as an asian american is the importance of fully embracing myself. we grow up watching corporate leaders, hollywood movie characters that don't look and act like us so when i...
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. >> darren. up in the north—east, loads of green councillors won swathes of seats because apparently you might know more than me. there's big issues with refuse and recycling and so on and same as me down in west sussex, a local green councillor won a stonking majority because we're all a bunch of nimbys and he was promised promising to stop some housing development. but with susan hall. are, sadiq khan's critics going to be having a wild night of celebrations tonight? if he loses? >> oh, it'll be off the scale. this would be the biggest polling upset since brexit. it would be seismic. so make no mistake, you know, this would be the end of days for most people in the labour party. >> i tell you what we did see didn't we, that in in the, in, tees council that they had a surprise conservative hold there i >> -- >> yeah yeah, yeah. >> yeah yeah, yeah. >> i mean ben houchen had a sort of putin esque majority . right. of putin esque majority. right. this was banana republic territory. how big his ma
. >> darren. up in the north—east, loads of green councillors won swathes of seats because apparently you might know more than me. there's big issues with refuse and recycling and so on and same as me down in west sussex, a local green councillor won a stonking majority because we're all a bunch of nimbys and he was promised promising to stop some housing development. but with susan hall. are, sadiq khan's critics going to be having a wild night of celebrations tonight? if he loses?...