way are bringing you some breaking news, where the former ceo of chesapeake, aubrey mcclendon, was killed in an accident. and we wills car, bring you more headlines as they come through. chesapeake has been up all day, we should mention. on two other stories of the day, we have a look at the markets. julie hyman has been tracking it. julie: thank you. as we head to the close, major someges, we have seen volatility in oil prices today, despite the fact that we see weekly inventories rising to an 86-year high, and oil rebounded, perhaps because we saw more refinery utilization, refineries

processing more oil, up 7/10 of 1%, and if you take a look, as i oil versus theof s&p 500, the s&p 500 is in yellow, and not a perfect correlation, but oil not hurting with the action we have seen in the s&p 500, and i also want to call up the set errors. -- call up the sectors. chor: we can see that the mining stocks are doing the best, almost a 50% gain for those stocks year to date. also -- andergy energy also. they are keeping the major ones in float. we have been monitoring all day chesapeake energy, the company

that aubrey mcclendon founded. he was killed in a car crash in oklahoma city and was in died because of alleged collusion with another company over the whereeing paid for land drilling was taking place, so we are seeing those shares up 34% right now. other oil providers have also been rising, and these aims have been even amid a sharp decline in natural gas. it is trading at a 17-year low, morgan stanley coming out predicting a recovery, but that is not helping prices in today's session. anchor: ok, julie. much appreciated. look from the first word news desk this afternoon. mark crumpton. super tuesday, ben

carson telling supporters he does not see a path forward, and he will not attend the debate in detroit, ben carson instead speaking about his political future on friday at a political action conference in maryland. marco rubio is still insisting he has a shot at winning the republican presidential nomination, speaking to reporters in english and spanish after he and his wife cast their early ballots in the florida primary. he said tuesday was positive with his win in minnesota, even though donald trump took 10 states, and ted cruz took three states. looking for hackers, the defense hackers tois routing expose any vulnerabilities in its computer systems through a program called hackney pentagon that gets under way next month. they will look for issues on websites and networks. the top democrat in the michigan

house is calling for the governor to resign due to the water issues. the first state lawmaker to call for the resignation of rick snyder. meanwhile, a document shows that they were blocked from switching back to the water system under the terms. guzmanawyer for el chapo says he now wants to be extradited to the united states as soon as possible. it is said that they will not let him sleep at the maximum-security prison. to have confinement at a medium security prison. his lawyers had previously vowed to fight extradition as long as possible. global news 24 hours a day powered by our 2400 journalists newsr more than 150 bureaus around the world. i am mark crumpton. anchor: thank you, mark.

former chesapeake energy ceo aubrey mcclendon was killed in a car crash in oklahoma city. prosecutors said he was allegedly involved in bid rigging. the oklahoma police are saying that the car he was in a loan, a going fasterwas than the speed limit and crashed in flames. to follow thise story. at a chief economist and strategist is joining us. thank you. we have got a little bit of a mixed picture on the economy. reporting better than average growth, but there was a little bit of mixed news also. reporter: the facebook reporter was giving qualitative reviews.

you obviously do not see that in his report. i think most clearly, the convergence we have seen from petroleum producing industries and other industries is the largest we have seen, with the exception of times when petroleum was holding up, and the rest of the economy was cratering. it has not slowed down at all. you take a look at the employment report and similar news, and we have seen this in the last couple of months in the eye is some report, and it is at inventory problem and an exports problem. -- we have seen this in the last couple of months in the ism report. has continuedmy to grow amid all of the panic. bottomingether we are , where are we in manufacturing? there could be another fed rate hike.

externalthink from an perspective, there is enough risk around the world, the very large take we have had that the federal reserve is very unlikely to feel comfortable enough tightening again. i think they will feel that comfort again before the end of the year, probably at midyear as we are seeing more and more evidence of collapse and shock around the world, but there is enough reason for the federal reserve to decide for the time being. lousy, moderate recovery we have across the world, but there has been an expectation for shop and collapse, that the world would look very much like the petroleum sector across all of these industries, and that is the exaggeration. : the exaggerations you were talking about, do you see

them continuing? with oil, we do not know where it is going from here. : i do not think you can say that the correlation is gone. there is some recovery that we price,d in the crude oil and we have seen run and shoot markets rally around this, but you should not be seen transportation industries or looking atonsumers this, only because very strangely, unrelated industries are looking at the oil price on a generalized pass over the last couple of months. are goingat about we to have a few more quarters ahead with disappointing earnings? do you still see equities -- steve: an estimate for the quarter ahead, the estimates have been beaten since 2009 every single quarter, and the story gets written about a

collapse in earnings because of the earnings estimates, and then they clearly beat them. there was a drag from the decline in the energy sector. it is not getting better on average in the energy sector, but it is simply not getting worse. that drag will not be repeated. low, singleist the digit eps growth rate, and in an environment of low growth expectations, i think that will exceed target market expectations. anchor: all right, steve, thank you very much, and investment strategist. coming up, we are continuing to follow breaking news on the death of former chesapeake ceo aubrey mcclendon. much more. ♪

anchor: you are watching "bloomberg markets." i have alix steel with me. chesapeakeer of energy has died, killed in a car crash, according to oklahoma city police. he was in a chevy tahoe when he crash. there was a jump in the market value from its 1993 debut, with in 2008, and, of course, he had a long career with many ups and downs. this is truly an unbelievable, earth shattering event that took laced today. aubrey mcclendon was a pioneer, guysf guys -- one of six who helped to make just the energy what it was today. this is why this was such a huge

story. he did make a statement today saying it was all wrong. anchor: the indictment came down, and they were saying they were colluding with another company to keep land leases lower, and you go to a house and say, i'm going to release your land and drill for oil and natural gas there. chesapeake would rent the property and let the other company rented the property all for the same price, and that is what he was under indictment for. like you said, he came out and said this was not true. also, they said they have been doing that for over 100 years in the world. basically, yes, guys, people do it. inre was something different another state, and it came with some heavy fines and a possible

criminal sentence. anchor: the technology had been around for decades and decades and decades, but it only began to be done with innovation. aubrey mcclendon started it basically with tom wort, and they would try to rent your land company re-rent it to a , and they were doing this in pockets of oklahoma, trying to make a living. they both lived through the crash that happened in the 1980's, and they ended up paring up together to create chesapeake energy, which became the biggest user of natural gas here in the united states, and it has been a very difficult road for chesapeake area aubrey mcclendon had not been there for a couple of years, and he started a different company, american energy partners and through that $10any, he spent more than

billion of other people's money acquiring other acres in ohio, oklahoma, texas, to continue looking for oil and gas. and they are no longer chesapeake, so this is a striking, unbelievable wrench in the shale revolution. they were out there saying, you guys are crazy, and they were, no, we are not. anchor: like cowboys. walkedterally door-to-door, starting with nothing and built up a multibillion dollar company. just to give you the headlines bring mcclendon, who cofounded or founded chesapeake way back more than 25 years ago, has died in a car crash in oklahoma city. this is according to oklahoma city police. he was driving a chevy tahoe, and the car was exceeding the

engulfed inand was flames. alix: and we are getting a statement from chesapeake energy. i reached out to the company to see if they had a statement on this, and they said, we are deeply saddened by the news today, and our thoughts and prayers are with the mcclendon family. of course, their relationship did not and very well, aubrey mcclendon and chesapeake, using it to get some money on a loan, and that was causing some difficulties between him and the company, and he eventually ended up leaving the company and starting another one, but again, they are riding that chesapeake is deeply saddened by the news, and our thoughts and prayers are with the mcclendon family at this time. anchor: it was a really

tumultuous time, it it was trading below four dollars, and today it is up 30 percent. this is presumably unrelated in many ways, but the stock is seeing a comeback from the bottom, i guess, in the price of oil. what is happening with chesapeake talk? -- chesapeake stock? and the saw the dead selloff. once they were able to prove they could make a payment, the was better. that is why you have seen that rally. chesapeake is also a heavily shorted stock. you can see something very nonetheless, from when aubrey mcclendon started chesapeake to where it is now, it has been a huge shift for this company would be run up in intraday, but it does go to show that not only did he leave this world not in the company he

under what and bled for many, many years come but a lot of other shale pioneers are also not with their companies, one being fired, and aubrey mcclendon and another no longer with chesapeake, and another had to move on, sort of a big shift in the industry. or: and we should mention he step down about two years ago. forbes,ermed by america's most reckless billionaire, but that is one of of thesecteristics cowboys, if you like. once again, aubrey mcclendon dead at the age of 56. there was word this morning that his car crashed and engulfed in flames. first, a look at the s&p 500 and we are seeing it up about 7/10 of 1%.

in fact.he financials, the s&p energy index is up 1.8%. and is an eight point game, materials not having such a great time today, down about half of 1%. you are watching "bloomberg markets." ♪

anchor: breaking news that aubrey mcclendon, the former ceo of chesapeake, killed in a car crash at 56. and there was the federal indictment on tuesday. alix: julie hyman has more. unnamed company in that federal indictment that was released yesterday, and it alleges aubrey mcclendon and

another worked together to rig bids for drilling rights in oklahoma. this is according to three companies, so it was sandra john along with mcclendon who colluded on this, and a company, not named by name, and also its chairman and chief executive part inallegedly took these antitrust violations between 2007 and 2012. , the cofounder of chesapeake energy in 1989. sandridge did not immediately respond to a voicemail. if you look at the sandridge shares, they are lower in the wake of these headlines coming out. they had already been trading lower before this came out, but now they have taken another lake downward -- leg downward, a 7.2%, anddownward,

chesapeake shares soared today. anchor: one of the absolute pioneers in the energy sector said -- i have known aubrey mcclendon for over 25 years. alix: he was part of the renaissance, charismatic, a true entrepreneur. no one is without flaws, but his impact on american energy will be long lasting, so alluding to the difficulties that mcclendon boj indictment, and nonetheless, t. boone pickens saying he has known aubrey mcclendon for years and that he was part of the energy renaissance in america, charismatic, a true entrepreneur, and that his impact will be long-lasting, as

well, so a huge, huge loss for the u.s. energy community today. thatr: and we have heard sandridge is the company that in thatmed as to date in.net, and it alleges that the fracking pioneers, mcclendon and another entity, worked together .or rigging so once again, this car crash. julie, you have more? julie: well, i wanted to give some history adding to what we have been talking about with aubrey mcclendon. i just pulled up a 10-year chart of chesapeake energy to give some perspective. bewas april 1, 2013, to specific, and that was the date that mcclendon had agreed to step down, so we are talking early 2013 in this chart, under pressure from carl icahn and

eastern asset management. shares had that the followed going into that struggle over his leadership at ie company, and then alix know has been following his career subsequent to that when founded another company essentially in the same business, trying to stay in the business, so it seemed he wanted to keep working, wanted to keep a hand in the business that he high in neared. -- that he pioneered. alix: he founded american energy partners, acquiring thousands of acres in ohio, west virginia, oklahoma, texas, all for oil and gas exploration, and as i was saying earlier, that is how they started. they were going around and leasing land and renting it out. this was their bread and butter.

this is how chesapeake became what it is today. anchor: ok, we want to bring in 70 who has been working on these stories, and the sandridge just came out -- bring in somebody who has been working on these stories. reporter: it comes down to if they are alleging collusion, who is the other party, and the department of justice was not naming the other party, so our our contacts are telling us it was sandridge energy. anchor: this is a stock trading for pennies. reporter: their shares have been in a freefall over the last year due to the drop in oil prices and there'd debt load. -- their debt load.

alix: the indictment comes down yesterday, and we are looking at millions in life, and you also have jail time, and then the next day, you have aubrey mcclendon basically running into a concrete wall. it is a very difficult situation to wrap your mind around. reporter: and obviously, events are happening really quickly, word thatight, we got aubrey mcclendon said the charges were false and that he would fight them. and heelse was involved, was driving above the speed limit. do we know anything about the company and how it was responding to the indictment? reporter: yes, we had heard that people were backing away from him and that they no longer had a ceo, so there was the money that has supported him through thick and thin before was steering away from him due to

the indictment. anchor: she will stay with us, a reporter from bloomberg news. phone have someone on the now. thank you for joining us. what more can you tell us about what happened in oklahoma? far as the accident is concerned, it is pretty cut and dry. ' as vehicle, a 2013, was traveling northbound in oklahoma city near a farm that he owned, and it was traveling way above the 40 mile per hour posted speed limit, and it went left of center. we do not know why he went off the road and collided into a concrete embankment on the west side of an overpass at a high rate of speed. infinitely engulfed in flames, and unfortunately, mr. mcclendon died at the siena. there is nothing left inside the vehicle. what we have to do is pull the

toa from the vehicle itself determine if he hit his brakes, exactly how fast he was going, he was wearing his seat, things like that. anchor: were there any skidmarks at the scene? >> he was traveling a short difference, enough for him to correct the vehicle, so there are questions as to why. if there are no skidmarks, doesn't mean he did not try to stop the car? -- does it mean he did not try to stop the car? balderrama: we will not know. finding out more information about what, indeed, happened. ma: with today's vehicles, weekend download the

data, so we can determine how fast it was going, if he use the brakes, and if he was wearing a seat. we do know that it was long enough for him to correct himself, but we do know he went into an investment at a high rate of speed and that the car engulfed in flames. anchor: any sense of where he was going? erramo: we do not know where he was going. this happened in oklahoma city, and we responded. we were there within minutes, but at that point, it was too late. completely was engulfed in flames, and we could not retrieve him until afterwards. us more about this story. have other vehicles crashed into this embankment? balderramo: it is kind of a

wooded area, definitely be outskirts, suburbs, so not heavily trafficked. anchor: any other cars close by or on bc and? any other witnesses? mo: we do not know if there were others. it will take time to investigate. and as a matter of fact, we actually did not release his name until after his next of kin was notified, and that is very typical for any fatality. he tried to be as respectful and conscientious of the family as we can, so that was done. -- or histact security team actually make contact with us, and they were able to confirm his vehicle, so it did not take long to put two

and two together and determine it was, in fact, mr. mcclendon. reported the accident? did somebody come up on it? far as irramo: as know, it was another vehicle driving down the street who saw the flames and called police. anchor: as far as his state of a very difficult day with the indictment coming down yesterday. ramo: we have been in contact with the family, but we want to give them some space to grieve because it is very traumatic for them also. alix: this is a rather flat area, where you can pick up speed. are these kinds of crashes, and in that area? balderramo: i do not have

the data for that stretch of road, but it is a flat road, so you can definitely see ahead of you. we do not know what his medical condition was. he may have had a medical episode prior to the accident. canl the medical examiner do an autopsy, if he can given the remains, we will not know. are saying there is little to go on? amo: it was a bad wreck, and there was very little able to be recovered. we hope the medical examiner is able to do a proper examination. captain, wheny, will you be able to give us ramo:er update? mr. balder we will have to reach out to the medical examiner to find and how long it will take them to do a medical examination and an autopsy.

anchor: captain, thank you very much for joining us. a typical day and morning for you guys, and we appreciate you joining us. i believe we have a guest on the phone? alix: yes, one of the pioneers in the shale revolution. amid you for joining us this terrible news. what is your reaction? >> i am devastated. he was a good friend, and like me, he had a high tolerance for risk, so we did conflict re-think for many years it he was one of the first people who gave me the idea of exporting energy from the united states. anchor: explained to us how that happened. mr. souki: there was an import facility that looked increasingly like it was not

going to be very useful, and aubrey called me and said, what do you think about sending things in the other direction? or nine dollars, and we did not see the logic of it, but we continued to talk, as the logic became apparent gas prices came down, and oil prices went up, so this is back in 2008, 2009. i have known him for years, and we have been friends for a long time. he is probably one of the most important persons in the shale revolution and responsible for the energy situation in the united states. this is tragic. alix: that really sums it up, charif. there are few that were involved, including you. talk more about how the energy world fills this hole that has

been left. think it: i do not can. i saw him as soon as a couple of months ago, and he was always moving on to the next project. that was sometimes difficult for him because his performance the profitability of his project because he was so successful with what he did. f: what was the indictment? were people shocked? mr. souki: it is nonsense. i heard about the is that yesterday and found it distressing that they were coming after people who had been so significant in the business. i do not know how you do not

levelssk at these without sharing the risk with other companies. that doesn't mean that you're undermining or hurting anybody. this was benefiting landowners around the country. turning very unprofitable land into profitable assets, more than anybody. alix: charif, talk about how the two of you met. mr. souki: i have known him about 15 years, and before fracking and really, but still thinking on a large scale, and the one thing with aubrey is no matter the outrageous statements he made in terms of the potential he saw, he always 100%

believed what he said, always put his money where his mouth was, and more often than not saw things that other people did not see. back to the us beginning of when you met and why he is so important in fracking history. ouki: he moved from the sides that was prevalent in the mid to late 90's to the fracking. asthe revolution happened, prices allowed this, and he was one of the first people to conceptualize the idea that you need a different skills in different pieces of the industry to be at the same place so you would not have to call a geoscientist and it engineer and specialist,and a and he brought all of those skills together at his campus in couldma so people

interact with each other and come up with better ways of i was gratefulnd for him because he looked at things in bigger ways. anchor: what about when he had chesapeake, arom company he founded 25 years earlier? souki: we never talked about it. i am sure it was difficult for him. aubrey had a enormous energy, so he moved very quickly to the next thing. very ambitious. new programs, new countries, both inside of the u.s. and outside of the u.s. alix: he ended up taking loans on some of the wells there, and then the indictment came down yesterday. how do you feel about them understanding the person that he was? ouki: he thought outside of

the box, so conventional thinking and mechanisms did not apply, so when you think on that large of a scale that has that kind of impact on an industry, aubrey always thought of new ways of sharing the risk and putting things together. accumulating huge land positions. when he saw some promising place, and from those hugesitions, generating expiration programs that enormous lee benefited the industry, and he had the ability to do this, but to do this, you have to break the mold and do things differently. lix: breaking the mold, which is what he did to you, breaking the mold and starting a new business. what did you think of him when he said that? ouki: when he said this, he

knew something, and what it turned out to be is that he thought that the technological revolution had not finished and that we would be able to continue to generate very large at increasingly attractive prices, so he never told me this when i met with him, but i knew him well enough to know that if he was telling me to look at this, i really should take it seriously and do that because he really did know something. stay with us for a minute. ere ceo speaking with us, and the former chesapeake ceo, aubrey mcclendon, now dead. another has said that he has known aubrey mcclendon for 25 years, a stunning loss. trues charismatic and a

american entrepreneur. no individual is without flaws, but his impact on american energy will be long-lasting. i did reach out to chesapeake energy, and they said that chesapeake is deeply saddened by the news. our thoughts and prayers are with the mcclendon family during this difficult time. the reverberations continue to this day. nonetheless, chesapeake is mourning the loss of its founder and leader. and we are reaching out two carl i can't -- icahn and others who were involved. and a reporter joining us, covering these companies for a long time. can you think of any anti-notes about aubrey mcclendon that you would like to share? reporter: he was the biggest presence in the room, the bluster and the magic for what natural gas was going to do.

coveringou have been , whenmpany, and i am sure the breakup occurred about two years ago, remind us of the history of the activist who were involved and help mcclendon was pushed out. it: you know, at chesapeake, was really a competition. he is one of the few executives who goes by his first name. ceo do not talk about mcclendon. they talk about aubrey. and southeastern, more so than what happened at normal rations. it was almost a cult of personality, so it took the leadership along time after that.

alix: joe, when you take a look at aubrey mcclendon, he really someone, as is pointed out, who thought out of the box, did not really as permission, look for new ways of doing stuff. personality and how he changed the u.s. energy world as we know it. about eight years or so ago, gas production was starting to take off. but there were no filling stations, so instead of waiting around for someone else to will those, he started investing. i think it was a $100 billion commitment for the interstates of the united states for these compressed natural gas stations. it did not pan out. it's tenure ended.

alix: i want to read a statement from a company, and they say it that early sadness today, the founder, aubrey mcclendon, died in oklahoma city. tremendous leadership, vision, and passion had an impact on the community, the country, and the world. we are tremendously proud of his legacy and will continue to work hard to live up to the unmatched standards he set for excellence and integrity. we will deeply mourn his loss, and please express our condolence to his family, saying he has integrity, they stand behind that in the midst of all of the drama surrounding aubrey mcclendon. anchor: about what happened to

when thereears ago, was an agreement in january of that year to reside no later than that day because i'm cheryl holder result, and carl icahn had led that revolt. of shareholder result, and carl icahn had led that revolt. more than $800 million in private loans, and the board of investigation cleared him of any wrongdoing in february. although they did part ways him if he was indicted yesterday or tuesday rather the indictment came down. alix: he is survived by his wife, who is a whirlpool heiress , and his children. our thoughts go out to his family, who must be grieving at this time. joe, when you take a look at the

energy world now, is there someone like aubrey mcclendon now? joe: not now. he was also part of the reason that he was able to take off with the period in which he was operating. shale gas really was in the midst of its revolution, and he was the main champion out there. one thing that should not be lost is the effect he had not just on chesapeake but on oklahoma. town, butity is a big he changed the face of it. he really almost single-handedly revitalized the city. everything grew up around it. it is a beautiful neighborhood now. anchor: putting a lot of money into that neighborhood. a while agosaid that sandridge was involved in the indictment. do you know what happens with the indictment, or is it all going?

joe: honestly, i do not know. : all right, thank you so much, joe carroll, from bloomberg news. the news is that aubrey mcclendon died this morning around 9:00, and he did go off road. captain of the police department said he did not find any skidmarks, but we do not yet know why the car was traveling so fast and crashed into an overpass. he found the chesapeake energy in 1989, aubrey mcclendon dad at 56. -- dead at 56. anchor: you would have followed the career of aubrey mcclendon. yes, as joe mentioned, he was a big personality even in an industry full of big

personalities. he is the uncle of kate upton, the model. he had a pretty extensive wine collection. with the margin calls, when chesapeake was in trouble, he was a man of huge appetites and a lot of ambition. alix: also joining us on the souki.s charif liquefied natural gas, exporting it into the world. charif, if you had a word to describe aubrey mcclendon, what would it be? souki: bigger than life. where does it go from

here? you cannot make up what has been lost. souki: he had the vision to get in early and start working on a scale that nobody had thought of before, and always going for more and always coming up with creative ways of financing his projects, so it is all of the ingredients. it is the ability to see things and to have the courage to pursue them and to have the creativity to come up with different ways of getting them done, and i think all of these components are important, and what are three was able to accomplish -- it is one of those things that when he told you to look at something, you had to look at it, and when he told you he was going to do something, you could never bet against him, it is no matter what the difficulty was, he could find a solution. yes?

anchor: did you have conversations with him recently, about energy prices, where they were going, inventories, and where the fracking environment was finding it self? souki: the last time i spoke with him was a couple of months it was exported to other places around the world. he thought he could have the impact that was the same over there that he had over here. anchor: thank you so much for giving us all of your time ceo ofthe former mcclendonwith aubrey die in oklahoma city. they are continuing to investigate, and they are not even certain they can perform a

postmortem on the body. the car hit and abatement and was in flames. joining us on the phone is a former mayor of euston. he was good friends with mr. mcclendon. mayor, thank you for joining us on bloomberg. arifust heard from ch souki and from our own joe carroll. tell us what mcclendon did for oklahoma. >> he did a lot for oklahoma and for the united states, being a publicist and an early visionary of the future for the oil and gas production in the united states. nobody realize the consequences of being able to drill laterally through these shales in the way say,aubrey did, and as you

he never forgot where he came from. lix: and, bill, i want to say that i am very sorry for your loss. i know you were friends with aubrey mcclendon. he was indicted yesterday by the doj and was in a very difficult position because of that. i do not know about that issue. we last visited sometime last year. i went to a basketball game with him, where he was very proud of the oklahoma thunder. you know, we now take for granted the fact that we have relatively cheap natural gas, which has just now replaced coal as a principal source of power generation. resulted in a reduction of co2 emissions and a lot of job creation. in a way, aubrey was a victim of his own success.

was ad people that there vast amount of natural gas and brought in tens of billions of dollars of investment and tens of billions of dollars of investment followed, and as a result, the price of natural gas fell, which made it hard on his own company, which was overleveraged. white, you know, mayor you would have seen a lot of ones like this, but give me memory of aubrey mcclendon that stands out in your memory. white: you know, he was a soft-spoken guy, and there was a time that i warned him about the cycles and the amount of debt, but he had a vision, and he had a vision of the united states -- he called it the saudi arabia of natural gas. maybe on the financial planning, it was not perfect, but i tell

you what. too many people, that sounded absurd. today, it is almost taken for granted. anchor: we appreciate your time. mayor.ou so much, former he was close friends with aubrey mcclendon. thank you again, bill white. managing editor is still with us. what happens now in terms of the doj? where do we go from here? toni: we are still looking at the co-conspirator. obviously, it was autumn for them to indict one of them and not the other. since the indictment was against aubrey individually, that part of it will probably have to die with him for the lack of a better phrase, but we will see what happens with company b. foundedd he and tom just being together.

anchor: his attorney said that the lawsuit overreached and that his name will be cleared. toni: they were close friends, and they came up together. anchor: just to recap the breaking news, former chesapeake ceo aubrey mcclendon dead after a car accident in oklahoma city. he founded the natural gas 1989, and this is a day after he was charged with rigging bids for oil, and they issued a statement saying the allegations were untrue. ♪

scarlet: we are moments away from the closing bell. i am scarlet fu. alix: i am alix steel.

joe weisenthal is off today. ♪ u.s. markets closing higher, the 10 year yield at the highest level in months. scarlet: the question is "what'd you miss?" aubrey mcclendon dead today. majort: watch crude as a global concern. one: a roundtable debate, person says there is no sign of a turnaround anytime soon. scarlet: we start with breaking news. alix: aubrey mcclendon died in a car crash in oklahoma city today. for more i want to bring in tina davis. is an incredible loss for the energy community in the