conoco a discouraging word ♪ ♪ a of the skies are not cloudy all day ♪ ♪ i am often at night with the light of the glittering stars and ♪ ♪ i stand there amazed ♪ and i asked if i gaze into the glory exceeds that of ours conoco home home on the range ♪ ♪ where the deer in the antelope play ♪ ♪ where seldom is heard ♪ a discouraging word ♪ and the skies are not cloudy all day ♪ ♪ [applause] [applause] >> thank you for this kind interaction and i want to say thank-you the fund for american studies. we're very pleased to be in attendance to knight was a terrific job by the sponsoring organizations and also to the president and ceo for center of economic policy at the center for the generous support of the project for having supported all the years and worked at the center. our also like to think -- to think the center for african-american studies to help make tonight's presentation possible. in terms of the book the reason why i wrote the book was to make sense of the nature of the phenomenon called hugo chavez said his revolution. not only for our region but in general. and i was not co

are now demanding assets in exchange for that debt a member of five or six years ago to try to buy conoco phillips the oil company but there's another that's a strategic asset we don't want china to own that now recently they've been able to buy huge number of assets and those assets purchases are growing because they realize that the debt that they hold in their books because of the secular generational rise in interest rates is now going to become worth less and less and less and the way to keep the peace america is selling to china their income producing assets the same way the greece and ireland have sold to the troika or the private equity groups their income producing assets to. same mentality it's a financial muckraking marauding that goes on well also this whole fiasco empire run by the us has always been the argument always this is that we can run this forever because china has nowhere else to spend all the treasury bonds they buy and that inflation we can print as much as we want because that inflation will never come back here well this is exactly the scenario where people were

conoco it works perfectly fine knockout there was a recession back in 2009 no.have been worse john: that is what i hear the recession would have been much worse without stimulus spending and when unemploynt is still hayek that is the time to spend and jump-start the economy. ♪ john: it is an ennine that needs a spark and this makes sense to people so let's turn to the producers of that rap video that has received millions of views on new tube ross roberts a rmer mtv producer, keynes argued the economic slowdown is prime the pump like a car? >> it sounds good and3 politicians like it but doesn't actually work? >> when the stimulus plan worked using the keynesian model they said if we did not pass it unemployment could reach eight point* 5% we did and it went over tens of the model was wrong so there is a historical example for more than a fancytatistical models and i argue the evans is a mixed john: plenty of people say unemployment would be backed up if it was a bigger if you had keyneses' say it. >> if we would have done better if we spentore than a happens if

. >> just as new star was spun off from lockheed martin conoco phillips spun out phillips 66. >> it's people are really going to be watching this earnings report closely. that's on revenue of $41.5 and, of course, the refiner are in a tough position as crude prices have climbed higher. we did see valero report and they game in with an eps and what they will be watching for is how they maintain the margins and how they deal with the price balances. >> analysts expecting a neutral report. soda strome. >> comes out after the close. there's been downgrades, a lot of concern. want to quickly mention american tower. that comes out also. keep a watch on that one. and what they say will be fascinating. we have to leave it there. that's earnings cut for today. melissa lee will be back tomorrow joined by court any reagan and jon najarian. >> appreciate, it buddy. >> up next on "street signs," special street talk, paul hickee here and we'll dig into the five most undervalued names of the s&p 500. are they cheap for a reason? we're bringing you mega cap picks, a four-star fund manager who says th

thursday, big oil, conoco and exxon. and also proctor & gamble and clorox. after the bell that day, aig and linkedin, now up some 80% this year. and finally on friday, get ready to hear from chevron, toyota, and viacom. maria, back to you. >> wow. what a list, josh. thank you. let's talk about how all of that will impact the market next week. joining me to talk about this is kenny from o'neil securities. kenny, always great to see you. >> thanks for having me. >> tell me what went on at the end of the day. major rebound. you saw buyers. >> we did see buyers at the end. overall, volume was weak. when there's weak volume, it doesn't take much to push it, right, to make it go from negative to positive, although the market closed basically flat. certainly off the lows of the day. >> we were down 150. >> right. this morning, i thought we would probably churn and end the day -- end the week down at those levels, because the market feels exhausted. we've had this great move higher. and running out of steam. earpings are what they are. people you understand they're

conoco phillips up about 12% and exxon mobile up 8%. jackie deangelis is at the nymex, and she has more. hi, jackie. >> reporter: hi, good afternoon, tyler. it's interesting when you look at the s&p 500 large-cap sectors energy up 15% year to date so in line with the figures that you mentioned. not the best performer, not the worst perrer but kind of middle of the road, so a lot of analysts are wondering if the earnings this week will give the sector a jolt it needs to move a little bit forward. starts with anadarko pet crumb. the company expected to report 91 cents a share on $3.5 billion in revenue. analysts looking for how apc is doing in terms of exploration in the gulf. that's what's going to be driving growth for this company, but the big question is how changes in commodity prices like oil and gas might impact the company's top line as well. now, tuesday we're going to hear from bp. the company beat expectations last quarter helped by two new oil fields and also strong trading profits, but analysts typically strip out the special

equilar says the top package went to conoco phillips' ceo after a decade of service.f the payout came from the market value of stock gains he received while working at the oil giant as well as a cash severance, bonus and additional retirement distributions. ross. back to you. >> all right. seema, thanks very much indeed for that. >>> now, we've got more spying allegations. just to recap this story this morning, senior politicians demanding an explanation from washington over allegations in "der spiegel" magazine that the nsa, national security agency, spied on eu institutions. and this is also have more on this on the government as well. as a result, the german foreign minister is going to summon the u.s. ambassador to come talk about these nsa reports. they're not terribly happy. they'll discuss the reports with obama soon as well. they still want the eu u.s. free trade deal. politicians in brussels saying we should delay this eu/u.s. trade deal until we get to the bottom of these spying allegations. >>> also, the countdown is under way to the employment report on fr