i look at a chart of crude, it's going high, i like halliburton. it's as simple as that and some analysts overcomplicate it. >> we like the call but not the reason. moving on stifel nicolaus, upgraded to $23 saying first and foremost a management upgrade call. best buy shares have had a steep decline over the past year. there you see it down another 32% now at 17.41. they have been on the rebound in today's trading session. what do you think of this one. >> when i saw the call, i thought, can amy poehler have the power to stop a pummeling stock. may be. a clever ad campaign can change things. the market declared brick and mortar stores dead. what's the other store. circuit city went out of business. there's only a few left. people are tactile to a certainly degree and i think people are going to like brick and mortar and stop from shoe rooming. i think best buy a decent buy, stop at 15. >> that sounds interesting. let's move to rchl bc capital, upgrading mgm to outperform to sect or perform, increasing the target to $16. rbc seeing catalyst to unlo

. >> in finishing the well, the plan was to have a subcontractor, halliburton, place three concrete plugscolumn. the transocean manager wanted to do this with the column full of heavy drilling fluid--what drillers call mud--to keep the pressure down below contained. but the bp manager wanted to begin to remove the mud before the last plug was set. that would reduce the pressure controlling the well before the plugs were finished. why would bp want do that? >> it expedites the subsequent steps. >> it's a matter of going faster. >> faster, sure. >> who won the argument? >> bp. >> if the mud had been left in the column, would there have been a blowout? >> it doesn't look like it. >> to do it bp's way, they had to be absolutely certain that the first two plugs were keeping the pressure down. that life-or-death test was done using the blowout preventer which had the damaged gasket. investigators have also found that the b.o.p. had a hydraulic leak and a weak battery. [watch ticking] >> bp blames a contractor for the disaster. >> the responsibility for safety on the drilling rig is with transoc

cheryl: energy giant halliburton getting greener.any is offering what it says is a non-toxic franking fluid made with fda ingredients. it is more expensive than other fluids that is safer for the environment environment for groups applauded the latest effort to help make fracking safer but they still don't hav e questions about it. look at halliburton down right now. from going green to making green. the international airport at jackson rated the best airport for business travelers. the survey of 1000 travel agents looked at everything from wireless internet access to food choices. the top spot with 125 eateries, many retail stores have a business that runs small rooms for a quick nap. it is the busiest in the world with 250,000 travelers coming in every single day. dennis: it would be better among travelers and travel agents, but okay. union membership down across u.s., it may be growing in all places in china. surprising details ahead. cheryl: china-based hackers are increasingly going after major american companies. with the obama

some competitors, halliburton up 16%. baker hughes up 10%.mong many analysts coming out bullish on the oil services stocks, the big ones. they particularly like schlumberger saying this stock will head to $85 a share. it is well-diversified internationally as well as halliburton. baker hughes they like but they don't have as much of the international exposure so there is a little bit of a concern there. tracy and ashley, oil prices are up 5% this year and that could be big boost for the stocks, back to you guys. ashley: interesting, sandra, thanks very much. tracy: we've been talking about these defense cuts. they are weeks away. they could hit tons of american servicemembers in their wallet in particular. gerri willis is on the story next. ashley: plus former world bank president bob zoellick tells us what the united states and europe must do to stack kel the global economic crisis. first let's look at some of today's winners and losers. we'll be right back. what's next? he's going to apply testosterone to his underarm. axiron, the only unde

government and the congress passed the energy policy act, which contained something called the halliburton loophole, an xemings to the safe drinking wagter act. our primary public health ground water protection law for americans. it states if you are injecting toxic materials in the ground, you have to report them to the epa. they're exempt from that. and the fracking process injects enormous amounts of toxic material. >> members of congress put forward a bill to take that exemption out. this is from your film. >> thanks. >> i'm not personally familiar with your bill, ma'am. >> it makes chemicals used in hydraulic fracturing subject to the reporting requirements of the safe drinking water act. >> as stated earlier, we believe that the current regulatory -- >> yes or no? >> we believe the current regulatory framework -- >> so, yes, you would object to my bill because you don't think we would need to report it under the safe drinking water act even though you say the chemicals are safe. correct? >> correct. >> so what happened with that? >> well, the frac act died. it wasn't a priority. when

will be joined by rig owner transocean and halliburton, the cement services provider on the well. on the other side will be the justice department, several gulf coast states and other plaintiffs. the first phase of the trial will be focused on determining the causes of the deepwater horizon disaster, who should be held responsible and to what degree. the second phase of the trial is scheduled for september. the big question there is the number of barrels of oil spilled, it's important because that number will determine how much b.p. is liable for under the clean water act. the government's official estimate is 4.9 million barrels. for its part, b.p. believes the number is closer to 3.1 million barrels. saying quote: "based on our analysis so far, that the governments public estimate is simply wrong and overstated by at least 20%." the judge will also have to weigh the spill's far reaching impact, it prompted a six-month band on oil and gas drilling in the gulf, affected the coastlines of five states and disrupted the livelihoods of fisherman and those who work in the tourism indus

. >> the days for sweetheart deals for halliburton will be over when i'm in the white house. martha: jonah goldberg joins us. you know, i think that these kind of deals have happened over and over and over again. but the difference is that president obama made it very clear in the election he wanted nothing to do with this kind of thing. now you have a good friend of his, the ceo of tracfone is a frequent visitor to the white house and they have got a pretty good deal out of this one. >> president obama said no more sweetheart deals for halliburton. he didn't say no more sweet hurt deals for tracfone. it's a pilot program. this program which i think is constitutionally dubious to begin with. the fcc should not have the power to raise taxes by itself. but under this program it's supposed to be for under privileged poor people and unemployed people to learn typing skills and write resumes and they will hand out smartphones which i think is not great for typing out resumes. martha: the program supporters say it's a way for the unemployed to learn technical skills to prepare thei

justice department and gulf coast state against b.p., transocean and halliburton.se is to assign blame and penalties. almost everyone expect assettalment in the two-phase trial. the president's former mouthpiece tell us what you are not supposed to hear later in the grapevine. up next, if you want to be heard by the president. get out your checkbook. and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. ♪ your finances can't manage themselves, but that doesn't mean they won't try. bring all your finances together with the help of the one person who can, a certified financial planner professional. cfp -- let's make a plan. >> bret: general motors and the former finance company seek permission to give the top executives large pay packages. fox business reports g.m. wants to pay its ceo $11 million. allied financial wants to pay its top people $9.6 million and $8 million. the treasury department is reviewing the

much of the time also pointing to its fellow defendants, transocean and halliburton, saying they madetakes as well, shep. >> shepard: casey seeing until new orleans, thank you. let's bring in our legal panel right now, rich roth and jeffrey shapiro. the tough job of defending bp, also the man on the screen right, and i don't know where you begin. they'll evidence seems to indicate it knew what it was doing and did it anyway. >> well, first of all, you know, i would differentiate kiss this -- this case from the tip cal cass where manufacturers have a product and i know is defective and figure it's cheaper to pay the lawsuits from the defects rather than fix the problem, but bp was faced with an all or nothing situation. even if they wanted to cut corners or didn't want to do all the safety protocol that could have possibly been done, it's hard to believe they were willing to give it up and let the whole thing literally blow up and face the certainty of millions, billions of dollars of damages. >> shepard: they've added a lot of products sense then. continue to get leases and make profi

and carroll, board member of halliburton. did you know that?crushes the oil companies but this one eric whitaker a long-time friend of president obama runs the u.h.i., urban health initiative that got $5 $5.9 million in grant from one of the stimulus packages. when the taxpayer is paying $180,000 for air force one to fly down and met michelle obama going to aspen on another $180,000 at least for air force two to fly to aspen you have to question it. >> bob: that is a real surprise. that is a big surprise playing golf with contributors. >> greg: not one woman or transgendered individual playing golf. that the outrage! this is the bigotry of president obama. >> dana: soft big trill of golf excursions. >> greg: there is a golf war on women. >> dana: i want to say something about women, there is not enough women working in the west wing. if i would have been told hey, after this, it's so great. president obama is going to get to play with tiger woods, i would have said, i know you think that is great. i don't think he should play this weekend, this

cenk: bush said let's go drill on mars, it's because hall halle halliburton was ready to drill.hey want platinum. >> i'm not kitting it could be another convergence of commercial interest and exploration, and citizenry worldwide working together to save the world. cenk: all right. sounds great. bill nye the science guy. we appreciate it. when we come back, we'll ever a conservative journalist on fracking. he said it's awesome. i'm putting words in his mouth. he's going to tell you right now, he's in the studio. very interesting conversation, when we come back. irene, drop the itch. we dropped the itch, you can too. maximum strength scalpicin® is not a shampoo so you can stop intense itch fast, wherever you are. i dropped the itch. drop the itch with scalpicin®. cenk: all right, we're back on "the young turks." everybody remember this had famous scene a documentary about fracking where the sink catches on fire. look. >> what took mother nature millions of years to build can be destroyed in a few hours with a piece of heavy machinery. >> what it's doing is searching for a problem

. >> halliburton. >> an energy name continues to move well, focused higher. i'm more focused on disney acceleration of the story and estimate as to low. film park attractions solid and film studio looks good. goldman sachs is number one in m m & a after advising on the dell transaction. >> anything that's had a great run, you have to make that tough decision whether to hang on to it or get rid of it. what else jumps out? >> one of the other decisions i've been pounding the table for a while, take some off as far as the stock is concerned and buy something to the upside in case there is more and you want to hold them to the next level. we can see it almost every day financials specifically, morg mortga sa sachs. >> i'm bullish on the market and willing to step up to stocks on their highs. >> nobody touchesesttouchesest estee lauder. you can have coach on one side and maybe ralph? anybody surprised at ralph? sn>> i noticed his makeup baguetting baguette i -- makeup bag is getting hard to carry. >> i don't know about that. kidding they've done an outstanding job

. >> we're going to blame halliburton and other guys that were working, companies that are sayi, straight up, we followed bp's orders. so we're willing to accept that we did certain things but we have evidence to prove we did these things because bp told us to. so, we're in the situation now where bp is pointing fingers at people, but at the reality is, why don't we sit down and try to get this settled, bp and just accept that it was a very terrible situation that you created. >> shepard: thank you. i've gotten so much corporations from so many of you. so we're covering it. casey stiegel will be there for the whole trial. it's a civil trial. this in most cases is about the little guy against the big oil company, and we'll be there. >> millions of folks dealing with more than a foot of snow in places that usually don't see a flake. where the monster storm is taking aim next. coming up as we approach the about of the hour. have given way to sleeping. tossing and turning where sleepless nights yield to restful sleep. and lunesta®(eszopiclone) can help you get there. like it has for so many p

and also, halliburton avenue at searless road. you can see, we have rain drops on the camera there. very slow traffic there, west of york road. and the same situation there, as you can see the beltway at greenspring avenue. looks like a lot of people areonting out at that -- areonting out at that exit. -- are opting out. >>> this is coming to the baltimore convention center, february 28th through march 3rd. it's the best play place to buy and sell boats. >>> maryland's medivac 40er79 system has been-- helicopter system has been studied and copied the world over. but its backbone, the state police helicopters, are due for replacement. as mike schuh reports issue the first ones flew into town. >> reporter: the current fleet is 20 years old. state of the art upgrades would cost $10 million apiece. then in 10 years, they'd be too old to fly. >> this is dash 3. the helicopter flight. >> reporter: for $12 million, they got the legislature to agree to buy the actual state of the art. >> awesome day. awesome day. historical day. and i don't think my feet are on the ground now. after plungin

the bill would close the halliburton loophole so drinking water would be safe from fracking fluid.g it through congress is quite another game. >> if congress won't act soon to protect future generations i will. i will direct my cabinet to come up with executive actions we can take now and in the future to reduce pollution, prepare our communities for the consequences of climate change and speed the transition to more sustainable sources of energy. >> michael: it turns out that the president's forceful pitch is exactly what the american public wants. a poll out this week finds that two thirds of voters support the president taking significant steps to address climate change. 93% believe americans have a moral obligation to future generations to leave them a planet that is not polluted or damaged. seems like you have the people on your side, mr. president. now it's time to take action. joining me now from right next to me is james west editor of the climate desk. james, so glad to have you here. i want to ask you right off the bat, were you encouraged in what you heard. >> not especi

four stocks that have lit up, blackberry, halliburton and teva pharmaceutical. >> it seems like theyng the dividend and it looks strong and energy is a sector that you want to be in. >> joe, we were talking the banks. talk to me about goldman. >> goldman sachs may have been long for quite some time. a stock below this week's low, that is my reference point. goldman actually just turned higher for the day. >> teva? josh? >> it's a great stock. it's a great company but has had an awful couple of years. it's like a 7 p.e. so if you're a value investor, you should check this thing out. maybe it's a great buy. >> stephanie, blackberry? >> i think they are at such a disadvantage. there's a lot of competition. we have no idea when they are going to be profitable or what m margins are going to be. >> it's lost substantial gains on the year. how should you trade the euro right now? let's go to todd gordon. he's a cnbc contributor. todd, give us the scoop. >> the euro is really kind of telling a tale of risk aversion over the s&p 500. it happens time and time again. the euro currency against t

up courtesy of a technology revolutions led by core labs for mapping, novarco for equipment and halliburtonet more crude out of the ground, but the problem is we don't have the major pipe line to get it to the refinery complexes. there are bottlenecks all over the place, including cushing, oklahoma, the hub which has kept so much crude from reaching the gulf refineries, and they're being set off the marginal very high brent crude price feed stock, not our lower feed stock price. hence, the lack of advantage from our own low priced oil. we're not using it to refine. well, in some cases we are. some cheaper domestic oil is getting to some refineries, while other refineries have spent billions upgrading the equipment to handle high sulphur crude. hence, why some are making fortunes here so they can get their hands on precious oil. these companies have the right to sell the refined product anywhere. it is, alas, a global market and these refineries sell to the highest bidder. they put it on ships to markets that are priced off the more expensive brent crude and they can make more money than the

transocean was among the worst performers, followed by halliburton, baker hughes and conocophillips. liz: investors bought into media stocks today, four names hitting new 52-week highs. liberty interactive which controls the qvc channel and news corp which is parent of this network. rob communications the canadian media company did very nice. cbs hitting new 52-week highs. david: also apple, through the eyes of hedge funders, some very different opinions where that stock is going from the big money managers. the latest 13-f filings, green light capitol and george soros upped their stakes in apple. third point capital as we mentioned yesterday sold its entire apple stake a. a very mixed opinion what apple's future will be. liz: looks like the s&p may make green of it. it might slightly be to the upside here. david: good. liz: the borgata hotel and casino becoming the first in america to offer gambling from the tv in your hotel room. that's right. no need to get dressed up like a high roller. put on the robe an hang out in your room, living room. is that next? the borgata president and

its top holdings include weatherford, halliburton. ishares ieo. top holdings include occidental petroleum, anadarko and phillips 66. liz: here are the names. coinstar, linkedin, athenahealth. they are all reporting any moment from now. we'll bring you the numbers as soon as they're released. plus we have the ceo of athenahealth. he will join us exclusive. here is why you need to listen of the his stock is up nearly 46% over the last three months. that's not all. health care related, how about a cigarette with no tobacco, smoke or smell? electronic cigarette use is on the rise of the companies are sprouting up. one of the originals, one of the originals really capitalizing what ubs projects sales reaching one billion dollars this year. we've got the leader in e-cigarettes. ceo and president of njoy, joining us exclusively, just vapor coming out. wants to make the traditional cigarette on sew heat, ash. ashley: former governor of kansas, mark parker is warning about the huge impact our aging population will have on the state. he is currently the ceo

government and the congress passed the energy policy act, which contained something called the halliburtonings to the safe drinking wagter act. our primary public health ground water protection law for americans. it states if you are injecting toxic materials in the ground, you have to report them to the epa. they're exempt from that. and the fracking process injects enormous toxic -- >> members of congress put forward a bill to take that exemption out. this is from your film. >> thanks. >> i'm not personally familiar with your bill, ma'am. >> it makes chemical uses in hydraulic fracturing subject to the reporting requirements of the safe drinking water act. >> as stated earlier, we believe that the current regulatory -- >> yes or no? >> we believe the current regulatory -- >> so, yes, you would object to my bill because you don't think we would need to report it under the safe drinking water act even though you say the chemicals are safe. correct? >> correct. >> so what happened with that? >> well, the frac act died. it wasn't a priority. when the republicans took over congress, it wasn't

now a federal judge will decide the liability of the oil giant and its partners, transocean and halliburton, for $20 billion in civil claims. the trial is expected to last months, but the judge has promised not to let it drag on. major new research finds that eating mediterranean-style can cut your risk of major heart problems by 30%. a study in spain, published today, touted the benefits of olive oil, nuts, fish, and vegetables. the study lasted five years and involved 7,500 people. it was by far the most detailed look at mediterranean diets. the findings were published in the "new england journal of medicine." former surgeon general c. everett koop died today in hanover, new hampshire. koop gained national notoriety in the 1980's under president reagan by endorsing condoms and sex education to stop aids, and campaigning against smoking. he spoke about his antismoking efforts on the newshour in 1989. >> i cannot work for a tobacco company. i couldn't even work on an assembly line making cigarettes. in fact, i once talked to a man in one of the cigarette-producing cities. he said, you know,

that high stakes civil trial the liability of the rig owner trans ocean and the smoke contractor halliburton are also an issue in the trials first phase and during opening arguments yesterday the three companies pointed fingers at each other in a triangle of blame but b.p. received the brunt of the accusations from its partners and other players in the case but justice department's own. underhill piled on saying despite b.p.'s attempts to shift the blame to other parties by far the primary fault for the disaster belongs to b.p. its trial is one of the most complex and costly civil cases our nation has ever seen and it will be months before we see an outcome still no amount of money can ever fully repair the damage done to the gulf or bring back the eleven people who died on that rig and rather than pursuing fines against these corporate manslaughter words we should be putting them in jail and giving b.p. itself at least here in the united states the corporate death penalty state to. just. it's the good the bad and the very very hellman the phobic lee ugly the good movie or art is the owner o

how do they feel about blackwater and halliburton, how they miss use our money over here in america by spending on stuff they necessarily do not need and just waste? how do they feel about that? guest: thank you for the call. i will answer this not as a politician. 12 years back from now, money was something with the situation of the people was quite different. for example, people had families that have breakfast but not lunch and dinner. there were families that had dinner but not breakfast and lunch. now, people are having this opportunity -- i started with just eating and food because people now have the opportunity to work and have breakfast, lunch, and dinner. it is a change in their lives. misusing of the money -- by myself as a normal afghan, do not agree with this term of misusing of the money. host: you do not what with the term? guest: i don't agree that the term misusing funds in afghanistan. people in afghanistan need it for infrastructure, for their lives. for the future, this money. but it does not mean that this money is something that needed forever. it would be a time

this year, capital markets one of the analysts that are hot on this with a price target of $85, halliburtonl field service company flat on the session but up 16% so far this year. the $62 price target on this stock, they also like bakersfield, the company to watch and all of this as phil flynn was pointing out those oil prices flirt with triple digits below $96 a barrel, up 5%. not a bad time to check out the beat up oil service stocks. cheryl: early to have a big jump in crude so quickly. dennis: thank-you, sandra smith. cheryl: our rare look inside the united states targeted drone strike killings. why it would cause washington confirmation hearings this afternoon. dennis: here's how world currencies are faring against the dollar, that would be mixed. >> 21 minutes past the hour. i am jean e. colby with your fox news minute. there's a manhunt on korea los angeles police officer who is suspected in the shooting of two riverside california cops. the shooting took place as officers were stopped in a traffic light, 1 officer killed, the other critically wounded. police believe the gunman was a

that blame is shared with transocean and halliburton, bp's partners in the suit.alone with the fault here. and then a moment a lot of people have been waiting for. the video deposition of former bp head tony hayward was played today. it was conducted back in june 11 where plaintiffs attorneys were showing his casual oughtude towards safety and raising questions how he had the victim's best interest at heart. remember he is the one who said he wanted his life back. now following heyward's 20 minute video today, an 11-minute taped deposition was shown from kevin lacy. now he is the former bp senior vice president for drilling operations in the gulf where he there was tremendous pressure to cut costs, lacy resigned from bp in 2009 because he believed the company was not adequately committed to improving safety protocols in its offshore drilling operations. yesterday bp's counsel spent a great deal of time pointing out specific examples it the court on how it indeed was improving safety, even noting awards it had won in doing so, trying to refute all of the claims tha

and then if they said, by the way, the president's exxon and halliburton and the koch brothers and n.r.a. are invited to come and throw into the kitty to try to get ahead and meet with the president to talk about it, i don't think you would just be hearing one or two groups screaming about this. it would be a panic, it would be a panic rippling through the washington press corps. >> and yet, there's no such panic emerging today. >> no. >> there is a leading group, common cause, which tends to object to this kind of thing, they don't like to see, you know, pay for play. money for access, in presidential politics and they've complained when republicans have done it and now complaining to their credit when a liberal president is doing it. by the way, they're here live today, the president of that group is going to be here live with me here in an hour, but they are saying that this is -- this is a blatant pay for play access situation and you may love it now if you're on the left and chris, you'd feel definitely if you wind up with a president rubio, say. >> obviously, and this is where pres

there's no detroit democratic liberal running halliburton. this is a national sickness. it is sloth, greed, ripping off our kids, not paying our bills. detroit built this country, everybody knows it, that's why we're talking about it. this isn't baltimore. detroit went down and -- >> he said this is not baltimore. >> but pay attention. pay attention. because if you don't pay your bills, this is what happens to you. >> let me ask about that. i do think there's kind of two ways to read it. certainly even your book operates on these multiple levels. there's corruption and greed and bad things happening but as you point out, that's true in tons of american cities, where things are fine. or at least where they're limping along in a relatively reasonable way where we're still seeing economic growth, yet you can uncover -- scratch the surface, plenty of corruption and bad choices and not paying your bills. >> poor government. >> so why did more than a million people leave? what is it that led to that kind of exodus from detroit? >> we never dealt with our racial issues, right?

how do they feel about blackwater and halliburton, how they miss use our money over here in america bynding on stuff they necessarily do not need and just waste? how do they feel about that? guest: thank you for the call. i will answer this not as a politician. 12 years back from now, money was something with the situation of the people was quite different. for example, people had families that have breakfast but not lunch and dinner. there were families that had dinner but not breakfast and lunch. now, people are having this opportunity -- i started with just eating and food because people now have the opportunity to work and have breakfast, lunch, and dinner. it is a change in their lives. misusing of the money -- by myself as a normal afghan, do not agree with this term of misusing of the money. host: you do not what with the term? guest: i don't agree that the term misusing funds in afghanistan. people in afghanistan need it for infrastructure, for their lives. for the future, this money. but it does not mean that this money is something that needed forever. it would be a time we c