one company that gets praise for doing it right is exxon mobil, buying xto energy. dreams and wants to grow rig count 65% in the next two years. xto operates as an independent company with exxon steep pocket. can xto is a powerhouse it wants to be if it loses its independence? alix: i recently caught up with sara ortwein, president of xto energy in houston. sara: i would not recognize it as independent. i would call it recognizing what is important to run the unconventional business. yes, this is a separate organization. we have other separate organizations within exxon mobil. they provide the skills and the expertise that we need for various parts of our business. alix: there is a conversation that potentially you will bleed some people if you wind up moving your headquarters to houston. how do you keep your talent when competition is so fierce? sara: we have some people that want to stay in the independent world, but for the most part they see the potential of continuing to work in the unconventional, continuing to work on a world-class asset like the permian. also

exxon-mobile is their client. >> mr. hart has no client that has business before this agency. he is a member of a law firm. to take his relationship -- >> you are not answering the question. >> when i was not there, the landlord had access to the facility. when i was there, i only had access to a room. that were common areas. they used the facility the same time i was there. >> but that's a sweetheart deal. >> no it's not. >> your house in oklahoma you pay a mortgage on that. when you don't sleep there, you still pay the mortgage? >> yes. this is a tremendous difference. i was not using the facility when i was not there. >> if i pay rent in washington over $2,000 a month for a 1-bedroom apartment. >> [overlapping talking]. >> there were accounts done. you can go on craig's list today. it shows rentals for one bedroom of less than $1,000. near capitol hill. >> i have never heard that and i lived in washington over 25 years. >> they said it's market rate. >> they said in march of this year after you moved out, right? >> i moved out of this place last summer. >> you got the ethic

one is when you are the ceo of exxon mobil, we live in a bubble.ou are always flying in private planes, everyone around you is supporting your leadership. everyone is telling you what you want to hear. no one challenges your opinion, you are the boss. will know the secretaries of state are not boss. you have to compete with the white house for influence over foreign policy. with this white house, even if it had been james baker, it would have been a pretty challenging job. one of the ways that the secretaries of state gain influence in an administration in my experience, is by using the bully pulpit that the secretary has. distinctively to speak for the united states to stand up and say this is what i think. you have so many opportunities. you can clear speeches but you're also in front of the microphone a lot. it is not unusual to have a secretary of state who is fighting with the white house are isolated from the white house. think of clinton and obama after all of the blood of the campaign. the way you overcome that from the bottom is you stand

the relationship. >> did exxon mobil have business there?that is a stretch. >> president trump said he would drain the swamp. >> is that renting an apartment? >> i don't think that is even remotely fair to ask that question fumigated think it was fair but john kelly is investigating all the expenses and exactly why he rented the apartment $50 a night below market rate that is a very expensive city of them last week checked the last for the epa but there is only one person to think about is the he said he is not happy they're asking for more information and they will have more information as time goes on. shannon: we have seen this before. thank you very much. so president trump and his agenda.id but then again tonight the russian probe even the doj and fbi go to federal court. shannon. shannon: timeev is up investigating only when it comes to getting a look at the critical document now he will take them to federal court and we have all the details t12 this letter obtained shows congress is still having trouble getting records despite promise

exxon mobil just to name a few overall expectations are sky high and mainly because of the message text cuts of donald trump white house we will probably see an average in earnings growth of about eighteen percent what would be the best in about seven years the thing was wall street as well analysts already expect very decent numbers so even if the numbers come in good that doesn't necessarily mean that wall street will also react in a positive way. that wraps up another edition all the your business update i'll be back with more same time same place see if. the fast pace of life in the digital world shifts as the lowdown on the way showing new developments and providing useful information. and interviews with the makers and users. should next. morning to officially estimates more than one point two million venezuelans have a. very. already epilogue. to visit friends i don't think i'd ever go back there to live you know what i live there again i don't know so i'm not sure. bearing witness global news that matters . made for mines. germany state by state. the most colorful. the most trad

at exxon mobil they tend to regard the government as a hostile entity.they were very explicit that the paper career diplomats and couldn't negotiate very effective ways for to come in and take over the diplomatic service that you don't have experience with over a sincerely respect is ais prescription for what we've seen. >> when you were doing research for the book where did your connections were quite and if there were any did you find them forthcoming? [inaudible] [laughter] i would refer you to the footnotes because they don't wani don't wantto get into a quw of my sourcing. i try to provide as much transparency as i can consistent with my sources in the footnotes that one of my broad goals which was true and i'm not saying i thought all the way there but it's something i've thought about every month i worked on this project i wanted to provide equal empathy to the perspectives of decision-makers and characters in the countryside was writing about so i didn't intend to be any less goal or listened to or understood. i understood the american system bet

caroline: -- exxon mobil.line. david: that is because they had already said. julia: exactly, no surprises. julia once to take us to the markets. let me give you a look at what is going on. we have made some slight gains in europe, as far as the nasdaq teachers. amazon -- nasdaq futures. . --se stocks in particular right now, the nasdaq higher. a slight tilt to the downside for s&p 500, but right now, crude of three -- .3. we have seen a strong performance in recent times, trading around the year high levels, just watching what is going on as far as the euro-dollar is concerned. right now, the dollar making games. the dollar index having its best week in 17 months. a bit of softness in the european data and gdp data as a prelude to what we get from the united states and around half an hour. david: we promised we would go to an investor at exxon and we will do that now with eddie the $2 where he manages billion large-cap value fund. thank you. good to have you. we gave you a summary of what we have seen of earni

exxon mobil saw its rating raised to market perform from underperform over at raymond james. exxon's dividend yield is the highest in decades. the firms s a decent chance that exxon will start buying back stock, the stock rose a t fracti 79.57. verizon's rating was raised. betterlyst there sites a revenue outlook. the stock was up 1 1/2% to 48.66. still ahead,alcoa's stock had its worst day in nine years. >>> the treasury department is giving american customers more time t comply with sanctions. the extension was bad news for alcoa. which saw its shares drop more than 13%. its worst perrmance since 2009. aluminum prices also fell on the temporary reprieve. jack deangelis has more. >> in the interest of national security, president trump has changed the rules for certain aspects of international trade. trumped imp a 10% tariff on aluminum, the goal, to level t playing field and make it easier to compete with international ones that receive subsidies, his target was china. next sanctions on russian aluminum. the company called resolve, because of its association to russian billi

oil giant exxon mobil and chevron have posted higher first-quarter earnings. xon up 16% year on year to nearly $5 billion. but those higher oil prices that we have seen recently have helped boost both companies' revenues, but exxon's shares took a dive as it posted its weakest oil and gas output in 20 years. meanwhile, chevron's jump in oil production saw its shares tick up slightly. more oil in the world isn't good for the environment, of course. environmentally friendly fuels are taking off, literally. electric powered airplanes are all the rage. that is something that is capturing the attention of big airlines. reporter: fossil fuels still rule the skies here at the ila, but advances in electric-powered flight could change that. modern batteries are already producing enough energy to get airborne. something start ups are taking advantage of, creating lightweight, computer-piloted vehicles they hope will replace your trusted taxi and cut down on congestion in the world's major urban centers. >> first come in the third dimension, there is a lot more space, so

sort of the before the weekend so busy week ahead yes quarter that on wall street us all giant exxon mobil and chevron has both posted higher first quarter quarter earnings exxon up sixteen percent year on year to nearly five billion dollars but those higher oil prices that we've seen recently have helped boost both company's revenues but exxon shares took a dive as it posted its weakest on oil and gas output in almost twenty years meanwhile chevrons jump in on oil production shoal saw its shares kick up slightly . the mall in the world isn't good for the environment of costs luckily environmentally friendly fuel taking off literally the i l a aerospace that in this week i lectured powered airplanes are all the rage and that's something that's catching the attention of began its. fossil fuel still ruled the skies here at the eye away but advances in electric powered flight could soon change that modern batteries are already producing enough energy to get airborne something startups like full of cops are taking advantage of creating lightweight computer piloted aerial vehicles they hope wil

trust facebook anyway because they're american they're no more american than apple or amazon or exxon mobil or nastily corporations don't see him they don't give a shit about a country countries are just a little devices that help them keep people afraid and caved and so busy hating each other that we don't hold. that we don't stop to realize the corporations that are truly us and and and secondly undermine our democrat. institution you think puppy facebook meme is what really undermines our democracy there are about nine billion reasons hillary clinton lost that election after rigging the primary and the facebook puppy meems are at the bottom of the last. oh so the fact that she didn't wear enough mall of pantsuits. i mean it's so insane that the whole nation is just now waking up to privacy fears has everyone forgotten what edward snowden revealed a let's go over it again all right even if you're not doing anything wrong you're being watched and recorded the n.s.a. routinely lies in response to congressional inquiries about the scope of surveillance in america we collect more digital comm

next week and we are to america will be there coverage and exxon mobil is negotiating a deal with katter that could grant the country ownership over a supply of u.s. natural gas and allow exxon to get more of their gas to more markets with higher prices the fate of the talks is likely to determine the future of what's called the golden pass a gas export facility at a site in east texas exxon is seeking to secure the qatari investment to expand the tare own facility a ten billion dollars project that would allow exxon to process and export more natural gas from the u.s. and meanwhile regional rival saudi arabia has made a surprise announcement of the sale of eleven billion dollars worth of bonds the bond sales occurred without the usual fanfare of what they call a road show where investors are brought are pitched in where the announcement is made at a later time this time qatar was actually in the middle of their own road show for the first bond sale in two years when they heard about the saudi sale in two thousand and seventeen saudi arabia and other regional allies escalated their campa

terrifies the people in the industry doing it in weather right now the target being pipeline protesters exxon mobil you fill in the blank there being told that they're guilty by nasa's former lead scientist by the way of crimes against humanity evoking and. response and tracing can mark when you're saying that it's only semantics i feel like they it's not just semantics the federal government classifies eco activism as terrorism and makes it a very potent legal weapon against a kid is they will charge with arson in protest against excessive locking in the two thousands were actually facing life in prison they had to agree to plea deal. and served their sentence in terrible conditions i mean they're just kids stay don't be had people they don't shoot people why should they be so tough on them. well i think it's you know this comes down to law enforcement this is you could actually have the same argument with drug laws united states should have marijuana offender who's buying a local deal would have the same kind of automatic jail sentences after a couple times that a cocaine or heroin dealer i think

it's a very large number, but exxon mobil and chevron combined pay more of the same.hose companies do not even get to $1 trillion in terms of market valuation. alix: we talked about potentially changing the royalties to make it more appealing. have you learned anything on that account? javier: what we have learned is that saudi arabia announced last year that it was cutting the income tax that aramco pays from 85% to 50%. that was a move designed to increase the appeal of the company for potential ipo. what aramco did not say at the time is that it also overhauled the royalty fees of the company. royalty fees are very important. while income is taxed, the royalty tax is the top line of revenue. previously aramco was taxed with a royalty of 20%. according to the information we have been able to review, that has been replaced with a new system that increases the marginal rate with the price of oil. $70,l prices stay below that marginal rate is set at 20%. 100, thetween 70 and marginal rate goes to 40%. for prices above $100, a goes to 50%. if the system is still in plac

bottom, and today we got confirmation of this ulta vaults 4.2% one of the major dogs in the dow exxon mobilht an upgrade. merrill lynch, the thesis, exxon trades like an oil when oil was much lower so it deserves to go higher. if you take a look at where oil prices were when exxon was at this level before, they were dramatically lower big shoulders on that one. especially when it rallies almost 3%. big move for exxon including a fantastic piece from steve how nike just acquired a start up doing body scanning the ability to scan your feet can give them a major up here. i need these i have to buy two pairs of nike -- anyway, too much information. nike has been one of the best performers in the dow. finely, paypal, a company that has been battered from competition of amazon. laying low by talking about losing business. venmo is more beloved by the younger generation than ever there. no michael cohen, no china battles. no federal reserve and a zuckerberg free zone companies doing the same thing, more money for themselves and for you the shareholders stick with cramer. ♪ ♪ my ambition? helping p

the fly in the ointment with large caps is exxon mobil, particularly when you look at the underperformance of the dow today. the oil giant having its worst first quarter output since it merged with mobile in 1999. shares down 3.5%. mark: we are heading for a fifth consecutive week of gains. best stretch since october. we have risen 3.6% in april after dropping for two months. outperforming the s&p 500 month to date. chemicals, technology leading the advance. rbs forging ahead in the first quarter, cutting costs by the most in five years, indicating the lender is well-positioned to restore dividends. shares falling as the chief executive ross mcewan, who had told investors he expected to reach an agreement this year, no new guidance on when they may be able to put that u.s. probe behind it. sharesg with banks, bbva of by 2.7%. strength helping to drive its earnings to the highest level in three years, offsetting the impact of volatile currencies. bbva is able to draw on earnings from lenders and other countries. to shield the bank during the european crisis. emerging markets may become an u

i always like exxon mobil. other than that i'm not really that excited about oil and names in stock right now. i'm glad we ended on oil. you said something key what happens next in the middle east we will get to that right now. the top of the hour keep it right here for complete analysis of netflix earnings what you want to do there is you want to watch as competitors as well. they have it all after the bell. breaking this our president trump as we mentioned it has landed in palm beach florida on his way to omar lago. that meeting with japan's prime minister after wrapping a tax event roundtable earlier. those new russia sanctions that we were awaiting it turns out we might be waiting a bit longer. nobody knows how much longer. after u.s. ambassador to the u.s. they would target companies in russia that provide assistance to syria in the chemical weapons production. what i can were talking everything from the chemical company prices and things like that also helicopters. she have said today democratic senator b

the former c-e-o and chairman of exxon mobil says he will make sure the transition is - quote - 'smooth and orderly.' the senate foreign relations committee expects to begin confirmation proceedings for pompeo next month. (jrstone)former president jimmy carter had plenty to say about president trump friday night.carter told stephen colbert what he thinks makes a good president. the former president also told colbert he prays for president trump... that he'll be a good president... promote human rights... and keep our country at peace. (jr stone) president trump lashed out at california governor jerry brown saturday morning over the issue of immigration. he tweeted -- "governor jerry 'moonbeam' brown pardoned five criminal illegal aliens whose crimes include... one... kidnapping and rob

at the moment, cnpc has great cooperation with many american companies, including exxon mobil, chevronllips. i hope our ties won't be negatively affected by the trade disputes between the two countries. >> china has just launched oil futures trading in shanghai. what does it mean for a company like petrochina? >> [speaking mandarin] cnpc fullyly -- supports the renminbi in global oil trade. this is also part of china's continued and enlarged opening up policies. we hope to get more warm reactions from our partners in the growing participation in the future trading platform. you are one of the first financial institutions to reduce your work with companies. what is next? >> well, i think we have to continue our exposure. we have reduced our portfolio about 80%, and we will continue on that road. but i think what is next is to then put the money and effort into renewables. we do multiples in terms of renewables versus new deals, so i think the more we see, the more it works, the more it is reliable, that is where we are going. >> from an immediate perspective, the war on coal, i feel lik

exxon mobil among the energy stocks higher on oil prices today.anks like jpmorgan arising an example of that up 3.5%. banks likelarge cats really sprs different industries. >> thank you. a global summit hosted by bloomberg's finance is going on right now in new york. bringing together leaders in transportation and energy finance. alix steel is at the summit. alix: thank you p or i'm here with the cfo. thank you for being here. bloomberg wrote the news saudi arabia would be interested in targeting $80 per barrel of oil. think? you >> i think it is interesting but ultimately, the market will decide what the price is where we are today, supply and demand comes back into balance. looking at global stocks, they drop down the five-year average last week. think? >> i think it iswe have got low. we think it could be another million, production coming out of the u.s. this year. ultimately, opec compliance is pretty strong at the moment. that is why you see prices where they are. you start to see more production come out of the united dates this year. will

disappointing earnings from exxon mobil pushed energy shares lower. the dow dropped by 11 points. nasdaq added one. the s&p 500 was up to -- two. >>> we will update the weekend forecast. we will be back after the break. we can now simulate the exact anatomyh care, of a patient's brain before surgery. if we can do that, imagine what we can do for seizures. and if we can fix damaged heart valves without open heart surgery, imagine what we can do for an irregular heartbeat, even high blood pressure. if we can use analyze each patient's breast cancer to personalize their treatment, imagine what we can do for the conditions that affect us all. imagine what we can do for you. >>> president trump welcomed team usa to the white house. he prays to the athletes were representing the united states at the 2008 teen winter games in south korea. more than 200 athletes attended the ceremony. that includes many metal winners. >> you performed made us proud. many of you came home as champions. wearing bronze, silver or gold medals. >> several of the biggest stars missed the ceremony. some indicate

i pressed pruitt about the fact that this lobbyist lobbied for exxon mobil oil and gas. he kept denying that. then i asked about the broader question. he says does this violate the spirit of the whole make america great again campaign. watch. >> there's members of congress that have for years rented rooms on capitol hill. >> the swamp. you said it. but you're not changing it. you're doing the same thing they did. >> ed -- >> if they did it it's okay for you. >> you asked me if there was criticism. what is criticism with respect to previous cabinet officials in obama. nobody asked me back then. here's why. because they weren't getting things done like this administration. >> rand paul though, key republican, spoke out today. he said he thinks pruitt is the most conservative member and thinks he shouldn't be pushed out. >> he talks about pay raises for two staff members of the epa. that was quit a back and forth. >> he made it he seemed like he knew nothing about this. we're hearing from people close to the white house that scott pruitt was with his team pushing for the pa

. >> major lobbying firm, exxon mobile client. >> mr. hart. >> well, according to the wall street journal, john kelly, told president trump last week that he is convinced that pruitt needs to step down, in order, go. today sarah hucklebee on pruitt's situation. >> we are continuing to review any of the concerns that we have and i will keep you posted if there is anything further on that front. >> has done a good job, not is doing a good job. president trump tweeted pruitt is doing a good job but under siege. that's the comment from the president. >> secretary tom impliprice is here today. today dr. price still lives and helping to help millions of americans strong and healthy as our secretary of health and human services and he's doing a great job. david shulkin, our secretary has done a great job. the va was a mess. >> they're all gone. after nbc reported h.r. mcmaster was going to be replaced, he was just with the president and mcmaster both of them together in the oval office. president trump says the nbc news story is fake news and h

that's because jay stephenhunt works for a lobbying firm that represents exxon mobil, oklahoma gas andand many other oil and gas companies. and they also contributed to pruitt's campaign when he ran for oklahoma attorney general. >> shepard: have we heard anything from the white house on this? >> not a word. they're referring to it the epa, which depending how you read it could be a big statement in itself. remember, scott pruitt was among four cabinet members called to the white house last month for a little sit-down with chief of staff john kelly. that meeting was reportedly meant to convey that optics do matter. you heard seconds ago what chris christie had to say. here's alabama democratic senator doug jones. watch. >> i think he's in real trouble. i think there's the -- the perception is not good at all. the fact that he's been -- had the controversy with expenses, which is one of the things that people are just frustrated with with cabinet members that want to use tax player dollars to fund their own lifestyle. >> so the sheer volume of negative stories have not helping. while we

exxon mobil is a client. >> mr. heart has no clients that has business before this agency. >> mr. heart, my $50 a night landlord has no business before this agency. that was scott pruit's defense as of last night. turns out mr. heart, his lobbyist landlord, absolutely does have clients with business before his agency. a good run down on this published tonight by sam stein at the daily beast detailing at least nine clients who absolutely have active business before the epa including a glass -- pipeline for and glass manufacturer that settled clean air act violations and a bunch of other companies at which point it becomes impossible to imagine. this cabinet official continuing to stay in this job, right? given this reported evidence of corruption and conflict of interest. his defense to what he's done has been disproven. he says he was cleared by ethics officials. ethics officials say we didn't know that. he says these lobbyists didn't have business before my agency. oh, yes, they absolutely freaking did. but even after that like -- that end of the road stuff breaks, still more kee

other aspect the condo was owned by the wife of a prominent energy lobbyist, someone who represents exxon mobilliquid fie gas company. this is are people pruitt are accepting deals from. the terms of the agreement seem to be very favorable based upon the neighborhood in which he was staying. >> example and -- >> yes and what's remarkable is somebody defended this to bloomberg being an air b enrique b type. >> why does that matter? >> for one it seeps like he has a lease on it. "the washington post" did some checking, he paid $50 a night. the average cost for a room in d.c. is $130. the price in this neighborhood for capitol hill is $130 a might for one room. >> what is the dpa saying? >> they're saying there's no value and nothing to see here. >> here's the thing, add your headline to several others that have come out about scott pruitt. $105,000 on a flight. there are reasons the epa would come back and say, well these thing would be out of the norm. can pruitt survive this? >> i think it's going to be difficult. time and again wen we have seen cabinet members, david shulkin first came under s

firm has multiple clients with millions of dollars worth of business before the epa, including exxon mobil and cheniere energy and stanley black & decker. he appointed to take over the super fund program a guy who had loaned him hundreds of thousands of dollars to buy a house and to buy an interest in a baseball team. the guy has absolutely no history at all in environmental protection and he's head of the country's super fund program clean-up all because of this personal relationship and he's making i think $160,000 or $170,000 a year and he's been banned from doing banking in america by the fdic because of various transgressions. so this is just an ethical sewer. the only swamp in the country or wetland the epa chief has been protecting is the ethical swamp in washington. it's just amazing to us that this guy is still in office. dozens of members of congress, including several republicans, have calledresignation. >> others, including rand paul, have come strenuously to his defense. we're learning several epa officials have been sidelined and suspended for raising concerns about pruitt's

exxon mobil is a client. >> mr. hart has no clients that extended to third parties in his firm. it's a stretch. >> reporter: at least three republican lawmakers have publicly said that pruitt either needs to resign or the president should fire him. dozens of democratic lawmakers are saying the exact same thing. julie. >> julie: allison barber at the white house tonight. thank you so much. the justice department announcing a zero tolerance policy on illegal border crossings. jeff sessions ordering u.s. attorneys along the border to prosecute anyone who tries to enter the u.s. illegally. anita vogel joins us from los angeles to explain the zero tolerance poll civil thi policy. this is a big change from the way illegal crossings have been handled in the past. >> reporter: it's a huge change, julie. for the last 40 or 50 years or so, the worst that could happen to any first time offender who got caught was that they got turned back around to where they came from. now, they'll be prosecuted for breaking the law. l they'll serve jail time. and then they'll get deported. because they'l

tried to tell me the lobbyist had no business through the epa, except one of its clients has been exxon mobil. this runs counter to the president vowing to drain the swamp, which is why two republicans yesterday called on him to resign or be fired. carlos provello saying, pruitt's, quote, corruption, saying this is an embarrassment. there's only one opinion though that matters. that's of the president. pruitt said he got a call two nights ago and basically got a vote of confidence. but the president has done that before and then fired someone. we'll have more 7:00 p.m. with martha. >> dana: his office sent me a note, knowing that you were going to be on. their office saying there was a career senior counsel for ethics who approved the living arrangement, so we'll see. >> reporter: they approved it after he moved out. they approved it a couple weeks ago, not before he moved in. >> dan wil you on martha's show tonight. >> reporter: 7:00 p.m. 'll have a lot mo. >> dana: thanks for joining us. appreciate it. as the special counsel continues its work, a source tells fox news robert mueller informe

he doesn't come out of exxon mobil. he's got government experience. west point graduate. a good biography here. the question is how does he handle very, very difficult issues? >> indeed, they're difficult. he does know how to speak trump. i want to bring my panel in. brett stevens, an op-ed columnist with "the new york times." and ben white, politico's chief economic correspondent. and michael allen, a former white house national security team member in the bush white house. he consultled wied with pompeo preprapr preparation for today's hearings. the president first tweeting on russia and syria, then the next saying he might not do it. how difficult is it for pompeo to walk the line and talk about a strategy or game plan today, knowing what the president's up to? >> well, director pompeo has a terrific rapport with the president. i think, unlike with tillerson, he knows where the president's head is on issues. it's hard for us to discern where the president is based on some of these tweets when he says something bold and then seems to walk it back. but director pompeo i

firm has a whole host of clients issues before the e.p.ala ma gas and electric, colonial pipeline, exxon-mobil, nnbridge, a meta pipeline company, an oilgas company. so he's renting a unit at the same time at the husband is a chairman of the company that has a bunch of business before the e.p.a. >> brangham: kathleen clao , whatu make of this, the head of the e.p.a. renting a room from a lobby head of a lobbying firm. what are lithe imtions here? >> so federal employees are prohibited from accepting a gift, including a discount from anyone with matter before the agency that they wok r. and in addition to that, a presidential appointees are prohibited from accepting gifts from regloistereyists. it appears that prosecute -- pruitt, the e.p.a. head, may have violatth of those provisions. >> brangham: so the idea if you get a rom orntal agreement well below market value, that's really the lobbying industry giving pruitt the gift. hat's right. the difference between the market rate and the rate thatd pruitt paid wo considered a gift under the gift standard. >> brangham: understood. eric, you're the

boeing, cat, chevron, exxon mobile, coke, 3m, travelers, at&t, verizon. take your bit. >> alphabet, facebook, amazon, microsoft. i think that's what's important. josh last week was talking about buybacks so far, $205 billion in buyback authorizations year to date. that's up around 48% of that, $95 billion is technology alone so i think you're in the sweet spot now of the earnings cycle you're going to hear from these large cap technology companies, and that's going to be so critical to where we're going. last point, listen, i'm going to emphasize this again i spoke about the dollar at the beginning of the show. the market can't have it both ways you can't have rates move higher and the dollar move lower, and if the dollar is going to move higher, you have to be a little bit uncomfortable with that. technology has been a tremendous sectoral benefit of a lower dollar >> the oil rally, we see the dollar move higher >> this is the week for tech alphabet today you have, as we have already said, you have facebook this week, amazon >> microsoft >> if you think t

netad almost $34 billion in income in the first half of 2017, more than apple, jpmorgan, and exxon mobil ipo may take place next year. hopes to appeal to high-end and low-end shoppers by focusing on customer service. ther ewae was a struggle againse rise on online shopping and there is also planned for a women's flagship store in 2019. that is your business flash update. still ahead, a tweet this company will be profitable and cash flow positive in the third and fourth quarters. we will discuss. this is bloomberg. ♪ shery: this is "bloomberg markets." vonnie: it is time for our stock of the hour. tesla shares are rising. elon musk says the company will not be raising new capital this year and could reach a three appealing -- $3 billion profit as production rises. lisa, a fascinating tweet and he is not backing down. ana: elon musk responded to economist story outlining a lot of the problems we know tesla has. comeback.hted his profitablela will be and cash flow positive in the third and fourth quarters. it has been burning through cash. last year, it was a bout a billion dollars. the blu