i can't do it firsthand because i wasn't ceo of bp at the time.ut i think the industry learned a lot about decision-making, how every decision needs to be tech checked and double checked. because of the drilling for oil is deeply hazardous process it's been well known to be hazardous. and every decision has to be checked and double checked before it's made. before it's acted on. if you think about it it's like checking in an airplane before you take off. the pilots go through checklists even they know i'm sure they all know that it's fine but they take it very seriously. i think we learned something about that, the orders and the discussion on the ratio. but that's the process point. we learned too that very large disasters can wipe out companies and bp was very close to being very severely damaged if not at the edge. it has come back with the leadership but it was something that people remember vividly. a small set of bad decisions creates a very big disaster. >> can you comment on artificial intelligence in our future of giving computers power?

at bp, we see possibilities everywhere. so we can all keep advancing. >>> in a new interview, president trump is defending the u.s. drone strike that killed iran's top military commander, qassem soleimani. the president claims soleimani was planning to attack four u.s. embassies, posing imminent threat. however, the white house is struggling to offer any proof or clear and concise explanation on what he means exactly. >> when you say the attacks were imminent, how imminent were they, talking days, weeks? >> if you're looking for imminence, look no further than days that led up to the strike against soleimani. >> can you clarify, the attack soleimani was planning, was it days or weeks away? >> more fair to say days for sure. >> strong evidence, strong intelligence, unfortunately we're not going to be able to gets into source and methods, but i can tell you it was very strong. >> we did it because they were looking to blow up our embassy and for other reasons that are obvious, somebody died, one of our military people died, p

so this seems to be moving fast. >> let's talk about your tenure at bp and your time. only have a couple of weeks left before you are stepping down it has been 10 years at the beginning, you had to deal with the deep-water drilling deal and then you had to deal with the historic drop of oil what do you think caused those issues and do you think those same issues will be there in the next decade? >> the fact that the u.s. is now the largest oil producer has created a dampening. it is quite a game changer to be such a big energy producer i don't think that will happen again. there will always be volatility. i think opec, opec plus plays a little as well we are in the beginning well into accelerating as well. the u.s. is in position for all of those going forward >> what you made of larry fink's letter last week >> received his letter this energy transition is moving really fast. any energy company that doesn't pay attention, start moving really fast. many of us are will be in danger of being completely off with society. got to remain economic spoke with larry yesterday c

and french finance ministers and don't miss a stellar lineup of executives, the ceos of coca-cola, bpnd morgan stanley all live. extendedhares climb in trade as overseas growth helps it offset a domestic slowdown. the company plans to boost spending by 20% this year. ♪ manus: a warm welcome to "bloomberg daybreak: europe." we are entering the eye of the reporting storm. afml, the maker of the machines that make us the chips, sales miss, $1.3 billion. the estimate -- $3.1 billion. the estimate was for $3.26 billion. they announced a three year share buyback program of up to 6 billion euros. the dividend is a beat for the full year. a new three-year buyback program of 6 billion euros. do you know what this ties back to for me? if we go back to what apple actually said, apple has onreased the chip orders strong iphone demand. there are all of these various pieces of the global economic place coming into play. nejra: it was very much a story of the potential and future of 5g. ml, the other things we have been looking out for is how many of the latest lithography machines they expect to sh

you get to carbon rich countries like canada or carbon focused businesses like bp and the -- and it becomesore on point. what do you think the tension is at davos and is it starting to get more serious? see thee can all popular support to do something that is out there. speaking inne davos, and climate was clearly going to be on the agenda of this year's davos. the oil companies are coming under not just popular pressure, they are coming under sustained pressure from their investors. there is no better indication or example of that than what blackrock came without -- came out with last week. talking about sustainability. the oil companies are under pressure to do something. to be fair, they have made certain strides in these directions. there was a thing called the oil and gas climate initiative which has existed for many years now, which is a forum for these companies to take steps to address emissions. they are under pressure to do far more than that. the report today is about them discussing in davos what is called scope three emissions. these are the emissions that stem from what their

amongst asinners are you might saying great britain is bp and royal dutch shell.nies will be doing quite well as the underlying continue to rise. for the most part, the gainers are the oil makers. on the downside, asml is the biggest loser, down 1.5% and you see some of the luxury companies like louis vuitton, lloyd hennessy losing out today as well as hsbc and bnp paribas. they're coming you see a snapshot of what is going on in individual movers. markets are opening lower after president trump warned of a disproportionate u.s. retaliation against iran if they undertake any military action in retaliation to the killing of one of their top generals. annmarie hordern is looking at oil today. what are the spreads telling us? annmarie: that's what i'm looking at this morning as we have brent hovering at $70 a barrel. use spreads are showing march delivery are taking off and becoming more expensive than if you were to buy oil in december. the spread is really widening. premiums for near-term oil, showing a physical -- tighter physical market and brent hovers around $7

that is a big shift because in any pension fund in the uk, you have probably either got bp 01’ uk, youpart of any portfolio, the gift that keeps giving in terms of the dividends and the growth in the share price, but they are fossil fuel companies. they are. they are fossil fuel companies. they a re. clearly, they are fossil fuel companies. they are. clearly, they are big dividend payers on the london market but we have to think about a transition and we can't transition to a carbon neutral world tomorrow. what is really important, we have this date, 2050, we don't want to be in 20a9 thinking we've made a good effort but have a long way to go. do you think other big names are going to follow? yes and that is the easy bit. everyone can say this is a good thing, we are going to invest but the hard bit is what does that actually mean? will blackrock and other investors start to support companies that are really committed to climate change? will they start to climate change? will they start to disinvest in more traditional businesses? that has to flow through into the uk so what are we goi

bp adding the most weight to the london market on the upside.emporary nature of the flavored vaping band in the united states has caught the attention of the tobacco sector. british american tobacco is still heavyweight in the london market, up 2.51%. that has certainly helped out. it has definitely been and oil stocks versus autos and travel sector down at the bottom end of the market that has caused the differentiation in europe. volumes has faded as the day has gone on. vonnie: you mentioned the auto stocks and we are watching auto sales. gm and volkswagen drops more than anticipated. it is our top story. the u.s. airstrike overnight killing the iranian commander in iraq. the s&p 500 down .6%. giving back yesterday's gains and holding, the same with the other major indices. most of the groups are lower, with the exception of energy. some companies benefiting from the spike in oil prices. the 10 year yield at 1.80%. overnight we got down as far as 1.79, then we got ism manufacturing which put a pall on the market. crude is stabilizing. we are

at bp, we see possibilities everywhere. so we can all keep advancing. gthe neighbor probably to brag about how amazing his xfinity customer service is. i'm mike, i'm so busy. good thing xfinity has two-hour appointment windows. they have night and weekend appointments too. he's here. bill? karolyn? nope! no, just a couple of rocks. download the my account app to manage your appointments making today's xfinity customer service simple, easy, awesome. i'll pass. >>> the disorder, the dysfunction, it is always worse than we thought or we knew. it comes clearly in a stable genius. this is the book coming out on tuesday from "the washington post." thanks in part to these reviews and excerpts, it is number one best seller maybe in part because the president has already criticized it. he dwrused some of the words verbally abusive and volatile and it goes on. some materials in the book that's so shocking. calling afghanistan a loser. talking about the constitution like it is written in a different language. he's insulting some of his aides and jeff sessions as w

any more madness and magic, it will be at bp on south africa to catch up.beaten women's super league run to 10 matches today and their new high profile signing, sam kerr, had a significant part to play as they beat reading by 3 goals to 1. they're now four points behind the league leaders arsenal with a game in hand. miriam walker—khan reports. two years of conversations led to this moment. megan rapinoe, the best in the world, making a new home at kings meadow. her first chance in the game camejust a minute in. it was out of character. reading have been called the comeback queens this season, and as another strike came in, it was overshadowed seconds later at the opposite end by reading's grace maloney storming out of the net to take out sam kerr. not the warmest welcome to english football. but sam kerr wasn't dwelling on it. a cheeky back heel assist to another player, who was composed enough to get it around the keeper and equalise. it isa it is a taster of what's to come from their new partnership. in the second half, sam kerr just missed out on finish

that's why bp is partnering with a california company: fulcrum bioenergy. garbage into jet fuel. because we can't let any good ideas go to waste. at bp, we see possibilities everywhere. to help the world keep advancing. the ups and downs of frequent mood swings can plunge you into deep, depressive lows. (crying) take you to uncontrollable highs. (muffled arguing) or, make you feel both at once. overwhelmed by bipolar i symptoms? ask about vraylar. some medications only treat the lows or the highs. vraylar effectively treats depression, acute manic and mixed episodes of bipolar i. full-spectrum relief of all symptoms. with just one pill, once a day. elderly patients with dementia-related psychosis have an increased risk of death or stroke. call your doctor about unusual changes in behavior or suicidal thoughts. antidepressants can increase these in children and young adults. report fever, stiff muscles, or confusion, which may mean a life-threatening reaction, or uncontrollable muscle movements, may be permanent. side effects may not appear for several weeks

bp is just one example.in, staying with this kind of green theme that seems to be dominating davos this week, about is really focused the green deal in europe. -- isope screen deal europe's green deal you're a positive -- green deal euro-p euro-negative? vasileios: if we are to go down this road, this would undoubtedly increase public spending in infrastructure to eache and facilitate direction. if there has been one thing that european assets including the year have been lacking over the past few years, it is definitely an increase in public spending. that potentially applies by and large to germany. any fiscal package, any fiscal euro,lus coming in the if indeed it goes toward the green energy going forward, i think it is going to be positive for european assets because it secure private investment. that is exactly what the euro has been lacking. guy: i read this morning about not white swan, black swans, but greens -- but green swans. plenty more to come out of davos and the rota comic forum. stay with us

at bp, we see possibilities everywhere.o we can all keep advancing. >>> new yorkers are marching in solidarity right now against jews in the region. this is a picture of no hate march. they are heading towards a rally in downtown brooklyn. cnn research counted 18 alleged anti-semitic alleged incidents. there is a lot of criticisms under playing the rise of anti-semitism. new yorkers need to march in the streets to rgether. joining us now from the marches, an editor at "the new york times." she will be speaking at the rally a little later. barry, what is it like there? >> reporter: there are tons of people. we are just starting to walk over the brooklyn bridge. i saw senator chuck schumer this morning and the city council and speaker corey johnson. governor cuomo and gillibrand is here and everyone is here and there are thousands of people. you can't see the end of the crowd. i am just starting to walk over the brooklyn bridge. >> this is organized in the past few days. >> go ahead. >> reporter: there are tons of cars going

that's why bp is partnering with a california company: fulcrum bioenergy.turn garbage into jet fuel. because we can't let any good ideas go to waste. at bp, we see possibilities everywhere. to help the world keep advancing. hey. ♪hey. you must be steven's phone. now you can take control of your home wifi and get a notification the instant someone new joins your network... only with xfinity xfi. download the xfi app today. >>> we are officially just 30 days away now from the first 2020 democratic contest in iowa, and today several of the top democratic candidates are swarming the state in a last-ditch effort to try to build support before the caucuses there february 3rd. however, escalating tensions with iran is now putting a new focus on foreign policy as the 2020 race heats up. joining me right now, salena zito, national political reporter for the washington examiner and "new york post." happy new year. >> happy new year. >> could this crisis withvoters their final decisions on who they want to select? >> absolutely. i think that foreign policy for the mo

at bp, we see possibilities everywhere.help the world keep advancing. >>> we are back talking about iran, iraq and america and qasem soleimani. first of all, i think most people don't understand of the backdrop behind which all this is happening, which is what you have described in your first book as the sheer revival. explain what the sheer revival is and explain how it plays into iran's relationship with iraq. >> the shia are minorities. there is a large portion of that population in the middle east and lebanon and iraq and across the persian gulf, after the iraq war in particular, there was this shift in power in iraq away, the shea and this sort of created within the middle east between the sunnis, who wielded power and the shiites who are the rising force. and iran took advantage of this in building relations in iraq and strengthen its relations in lebanon and bahrain and pakistan essentially creating now of what we called the crescent. importantly, the shia minorities in these countries, there was a case of the tail w

at bp, we see possibilities everywhere.o we can all keep advancing. >>> we're just two days out from the next presidential debate and only 22 days away from the first democratic caucus, which means it is crunch time. today candidates are canvassing iowa, trying to muster up some last-minute support, and for former mayor pete buttigieg, it seems to be working. at the 11th hour, democratic congressman dave loebsack just announced he is endorsing the mayor for president. mung sun k seung min kim, how important is this for buttigieg? >> that is certainly significant. this is t the second congressman to come out and make an endorsement is abby for joe biden. you can see voters are also spread out among the top tier. when you spend time like we have in coffee shops and some of these voter forums like the one we're at here, and you talk to people, what they'll tell you is that a lot of them are still shopping around, even this many days as close as we are to the iowa caucuses. we talked to people at a joe biden event. we found peo

it is up like 80 cents 80 cents think about it the number one oil service company in the world, bp, bp is arguably -- yields 6%, safe yield. that thing can't get to 39 these stocks are unbelievably bad. and a lot of it is because you're wasting assets by millennial money managers who are trying to unload. >> oil has been unbelievably good and the stocks have been unbelievably bad >> there is so much oil -- the pipes can't handle all the oil our shipping can't handle all the oil. we block costco, it is not the costco, it is csco you have a chinese tanker not being in operation, u.s. tankers, costs a lot of money to ship all this is making a very convoluted situation with oil. and i know some people are saying that a lot of people are saying bad things about soleimani. all i'm saying is that they're not saying that this is strategic. that -- they're saying it is tactical might be strategic by the president to head off something that could really drive the market. >> before this event took place last night, we think around 8:00, we would have come in today and it would be your first day b

'ty at bp, we see possibilities everywhere.ep advancing. remember, you have out the hilton app. can the hilton app help us win? hey, hey-we're all winners with the hilton price match guarantee, alright? man, you guys are adorable! alright, let's go find your coach, come on! book with the hilton app. expect better. expect hilton. oh no, here comes gthe neighbor probably to brag about how amazing his xfinity customer service is. i'm mike, i'm so busy. good thing xfinity has two-hour appointment windows. they have night and weekend appointments too. he's here. bill? karolyn? nope! no, just a couple of rocks. download the my account app to manage your appointments making today's xfinity customer service simple, easy, awesome. i'll pass. >>> hello everyone, it is sunday evening. live in the newsroom, i am ana ca cabrera in new york. right now the men are meeting behind closed doors. they are working late in the night. we are talking about the house managers here. this history making impeachment trial. one of the managers, democratic

that's why bp is partnering with a california company: fulcrum bioenergy.turn garbage into jet fuel. because we can't let any good ideas go to waste. at bp, we see possibilities everywhere. to help the world keep advancing. this one's for you. the heroes who won't let your disease hold you back. you inspired us to make your humira experience even better with humira citrate-free. it has the same effectiveness you know and trust, but we removed the citrate buffers, there's less liquid, and a thinner needle, with less pain immediately following injection. if you haven't yet, talk to your doctor about humira citrate-free. and you can use your co-pay card to pay as little as $5 a month. humira can lower your ability to fight infections. serious and sometimes fatal infections, including tuberculosis, and cancers, including lymphoma, have happened, as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. tell your doctor if you've been to areas where certain fungal infections are common and if you've had tb

. -- on it at bp. stay tuned. there will be more coming.w, 2 billion more people on the planet. one third more energy needed. we need to reduce emissions, increase energy. it will take all forms. so we got to be really careful about our investment. it is going to transform itself in the next decade. companies need to get on with this. and many of us are. jonathan: do you see some of these issues, at the moment, as an existential risk for a -- the longevity of a company like bp? bob: back in our history about , 10 years ago, we got over production volume. it is about value over volume. and running a company, you have to think about value. where that comes from can be all kinds of things. we have a big renewable business today, biofuels and wind businesses. they don't have the same returns that we have today. we have got to set up policies around the world to change the demand patterns of the market. because it isn't supply that creates economics, it is supply and demand. and you can't do it with supply. you actually have to change the demand

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that's why bp is partnering with a california company: fulcrum bioenergy.turn garbage into jet fuel. because we can't let any good ideas go to waste. at bp, we see possibilities everywhere. to help the world keep advancing. your cold's gonna make you a zombie tomorrow. wrong. new mucinex nightshift fights my cold symptoms so i can sleep great and wake up human. don't eat me i taste terrible. fight your worst symptoms so you can sleep great and wake up human. new mucinex nightshift cold and flu. tit's great actually, i've been listening to audible. it's audiobooks, news, meditations... gotta go! ♪ ♪ hey! you know, i do think it's weird you've started commuting when you work from home. i'll be in my office. download audible and start every day off right. with air wick essential mist. nature it transforms natural essential oils into mist. experience the latest in air care by air wick. >>> just in to cnn, the national archives is now apologizing after it altered a picture depicting protests against president trump in the 2017 women's march. here's the picture.

that's why, at bp, we're working to make energy that's cleaner and better.as. and solar and wind power. and wherever your day takes you... we have advanced fuels for a better commute. and we're developing ultra-fast-charging technology for evs.. at bp, we see possibilities everywhere. so we can all keep advancing. were cooking with mom. she always said, "food is love," so when she moved in with us, a new kitchen became part of our financial plan. ♪ i want to make the most of every meal we have together. ♪ at northwestern mutual, our version of financial planning helps you live your dreams today. find a northwestern mutual advisor at nm dot com. helps you live your dreams today. ♪ do you recall, not long ago ♪ we would walk on the sidewalk ♪ ♪ all around the wind blows ♪ we would only hold on to let go ♪ ♪ blow a kiss into the sun ♪ we need someone to lean on ♪ blow a kiss into the sun ♪ we needed somebody to lean on ♪ ♪ ♪ ♪ all we need is someone to lean on ♪ >i spend a lot of time sin my truck.y? it's my livelihood. ♪ rock music >> man: so i'm not taking an

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at bp, we see possibilities everywhere.wn. i didn't realize that having kids would be the hard part. so we planned to start ivf treatments. ♪ now i'm ready for someone to call me "mom." at northwestern mutual, our version of financial planning helps you live your dreams today. find a northwestern mutual advisor at nm dot com. >>> a former cia officer says when it comes to intelligence threats, president trump prefers big names. celebrities, headlines, immediate gratification over any substance or impact. joining us is douglas london who was involved in preparing the president's classified intelligence briefings. thank you very much for being here. i was so interested to read what you wrote in your op ed about the experience of preparing the intelligence for the president. he would then be briefed, and you would get feedback from those sessions. and those -- the feedback that you would get after he was briefed would be your intelligence, left you, i think, with the impression that he didn't, what, fully kind of understand wh

at bp, we see possibilities everywhere. so we can all keep advancing. comes gthe neighbor probably to brag about how amazing his xfinity customer service is. i'm mike, i'm so busy. good thing xfinity has two-hour appointment windows. they have night and weekend appointments too. he's here. bill? karolyn? nope! no, just a couple of rocks. download the my account app to manage your appointments making today's xfinity customer service simple, easy, awesome. i'll pass. >>> we're following the start of president trump's impeachment trial in the senate. new allegations emerging by a potential witness. rudy giuliani's indicted associate lev parnas is offering to testify and directly implicate mr. trump in the ukraine pressure campaign. let's listen to more from parnas speaking out at length in this interview with cnn's anderson cooper. >> president trump has said he did not direct rudy giuliani when asked about this, he said he didn't direct giuliani to do anything in ukraine, no, i didn't direct him but he's a warrior, he is a warrior. >> again, president tru

beefeatersprotected the monarchy tacy their food to make sure it wasn't poined the i want >>nturies later the bp there aattraction in life that comes days at work. yet despite the movie stars the digniries and the thing is stil a down to earthfamily man a hometown gu >>didn't get the high and it is not 3 people have jobs on the the cape cursein on the drivers all these years and claim that the $14 since the firemen, cops say what score we're all afr together from his 40 years her stump, how street he's seen a lot of anges >>and uber and lyft that things really changed the transportation business limos all those companies are going out of biness. it says homeless things out of contol car break ins. i mean you never sathat in my whole career kim riswell that $0.50 mister now the $7 for tom sweeney has proved that a job like life is what you make it not accomplice more than a matching it's been great run into ground and y. >>that was awford's pam moore reporting for us tonight. sweeney's last day as we said earlier is sunday. so there's time to say hi. he plans to spend time with his family says es

that's why bp is partnering with a california company: fulcrum bioenergy. we can't let any good ideas go to waste. at bp, we see possibilities everywhere. to help the world keep advancing. the ups and downs of frequent mood swings can plummet you to extreme lows. (crying) lift you to intense highs. (muffled arguing) or, make you feel both at once. overwhelmed by bipolar i symptoms? ask about vraylar. some medications only treat the lows or the highs. vraylar effectively treats depression, acute manic and mixed episodes of bipolar i. full-spectrum relief of all symptoms. with just one pill, once a day. elderly patients with dementia-related psychosis have an increased risk of death or stroke. call your doctor about unusual changes in behavior or suicidal thoughts. antidepressants can increase these in children and young adults. report fever, stiff muscles, or confusion, which may mean a life-threatening reaction, or uncontrollable muscle movements, may be permanent. side effects may not appear for several weeks. metabolic changes may occur. movement dysfunct

that's why, at bp, we're working to make energy that's cleaner and better.nd solar and wind power. and wherever your day takes you... we have advanced fuels for a better commute. and we're developing ultra-fast-charging technology for evs.. at bp, we see possibilities everywhere. so we can all keep advancing. >>> all right. this is the debate stage. it is a very intimate stage. they're going to be very close together. six to have the top candidates for the 2020 democratic presidential nomination will face each other. this is the final debate before the first vote. tonight, joe biden, still at center stage, the national front-runner, but in a tight race at the top in iowa. really all clumped in there. everyone is back with me. david, joe biden, he has been trying to say this is about him and president trump, right? to cement his status as front-runner, at least in the psyche of the iowa voter and the national voter. here's a brief clip from biden's latest ad. >> donald trump has made it clear -- >> joe biden. biden. biden. biden. biden. biden. >> he's got joe

that's why bp is partnering with a california company: fulcrum bioenergy.nto jet fuel. because we can't let any good ideas go to waste. at bp, we see possibilities everywhere. to help the world keep advancing. two years ago, my wife and i were over 50k in debt. through sofi's help refinancing we paid off all that debt. now we're debt free and visiting places like this... thank you guys >>> a plane carrying more than 200 americans from china is heading to southern california. they were rushed from the epicenter of the coronavirus outbreak on a plane chartered by the state department. it's due to arrive at march air reserve base near los angeles later this morning. stephanie elam live at the base and joins us this morning. stephanie? >> good morning, john. what we know is this plane was prepared to carry as many as 240 americans out of wuhan, china, on its way to anchorage, alaska. what we've learned since the plane did land in alaska, there were 201 passengers that made it on the flight. according to the chief medical officer in alaska, dr. ann zinc, when th

. >> i think some of that better globally are called the super majors in europe and dutch shell and bpime at 6% yield on these companies and ratios around 11. they are quite well. >> eight so people don't buy single stocks overseas rickman etf? >> there is a global gtf it's ief a, it's an etf, it's around 3% right now. jack: everything but u.s. stocks? >> yes everything outside of the unite states. jack: junk bonds is again some energy there. >> junk-bond's have been in favor this year except the one pocket that is not is because of the energy because the prices. you can get some interesting yields on a number of energy bonds. i would highlight rage resources, dimon auction, talk about eight to 10%. >> don't you worry about these companies going bus to not be able to pay those yield? see mcafee careful in what you buy at the companies that talk about here strong enough financials and goodenough prospects, so i think these bonds or money good. jack: i also notice the maturities are not too often the future. see your talking three or four years. so they have the same business to pay back

we revisit one of the most notable interviews of 2019, our sit-down in houston with bp cfo brian gilvary the chemical industry's biggest ever ipo. we talk to one company executive looking to make sustainability profitable. ♪

our sit-down in houston with bp cfo brian gilvary. the chemical industry's biggest ever ipo.lk to one company executive looking to make sustainability profitable. ♪

remains available for people all around the world but also people in those countries who are using bp ends circumvent the government restriction. >> host: it comes to blocking and massive surveillance china is at the bottom of your freedom list. isn't it? >> guest: yes, china has been at the bottom of our list for four years now. i think in many ways it conflates the opposite of internet freedom and something we call digital authoritarianism where the government is actively channeling technology for authoritarian and we see that in the way that they have automated censorship of people's private messages they are sending on services like we chat. acid investments into social media surveillance and the use of artificial intelligence and big data tools to comb through massive information sets to root out certain or anything that the communist party can deem against its interest. finally, when you look at surveillance technology even beyond the internet and places like -- province or i'm sorry -- region this is the place where the local community has come under massive human rights violat

that make up the bulk of the index, exxonmobil is the preeminent oil company in the world it's trailed bp and shell over the last two years they have the benefit right now of having complex refining operations that will benefit for imo 2020 which has to do with the sulfur content of crude. i was looking out to april the 60 spot, 21 strike calls, though would cost you $2.61. those are precisely at the money where xle traded today here's the thing, if you get any kind of a pop between now and april expiration, you're going to have the opportunity to turn this into a spread or to roll further up and of course, if there is any kind of a meaningful pullback, you're hedged inherently because you only are risking $2.65 instead of the $60 and change or so that it would cost you to buy a share of xle here. >> tony, you have been very polite, very quiet what do you think? >> like mike said, the implied volatility on oil, xle is quite low. the call options are the right way to play, especially if you have an escalation or rhetoric or escalation in the middle east with the current news event. the onl

bp ambassador bolton had looked oained. >> reporter: bolton's concerns about the pressure campaign on ukraine were well documented. >> this drug deal as bolton called it... >> reporter: the house voted to wepeach president trump three weeks ago for pushing ukraine to envestigate campaign rival joe biden, but house speaker nancy pelosi has yet to transmit the articles of impeachment to the senate as democrats push for the dnate to call new witnesses like bolton in the trial to come. >> tell us why here in the senate witnesses and documents should not come forward that are directly relevant to the charges direnst the president of the united states of america? >> reporter: but the senate's lpublican leader said again today that a decision on witnesses should be made mid- trial, not now. >> that was good enough for president clinton, so it ought to be good enough for president trump. fair is fair. >> reporter: a few senate idpublicans said today they're bolton to d ihearing whatin pren but allowing him to testify rould open the door to other witnesses that the white house tried to block t

bp as downside, you have well as anheuser-busch. is delivering a cyberpunk game launch. i can understand why investors would be concerned about that. you don't want to delay cyberpunk game launch. down 12% on the back of that. and casino falling the most since august 2018 as the forecast is hot on protests. groups, of the industry to bring do that quickly. you have basic resources, industrial goods and services and industrial leading the pack. oil and gas is the only industry group down in the stoxx 600. bp taking points away from the broader index. is a sector showing weakness. and you rightly point out the supermarket story. that one just jumped right after you covered the gaining sectors. european markets opening higher following a bumper data regarding china released this morning. are choosing to focus on solid retail sales and industrial production. negative capital for the year ahead has also been moved i head of this week signing of the china-u.s. deal. let us talk to some experts this morning. is here along with janet henry

afterwards, he told a new york times reporter for shift bp -- beat the hell out of me. that they of was pigs when the u.s. tried to invade cuba after fidel castro had taken over the island. went about of pigs as well as the the and a summit. out, howing to figure do i begin to rethink, authority, reestablish democracy, reestablish strength? after i have had the bay of pigs and vienna? well, there was a problem with wanting to reestablish. because you also had the south blowing up. black folks struggling to be free. and refusing to be quiet. brutalitycrow and the of jim crow. so bobby has got to figure out something. is what bobby figures out that i got to find a way to find the sweet spot. that thing that allows my brother to be presidential, for torica to be calm, resonate that aura of strength, democracy, and freedom. also providing something to the civil rights folks so that they feel that they are being heard and their needs are being met. what on earth could there be? what could i do, what can i offer them that is so vital and essential but boring? really boring. s

we know from the bp oil spill, british by tollium had to pay millions of dollars and pay for the recovery cost because they were the responsible party. fema is arguing, pg&e you are the responsible party. >> let's talk about the homeowners, would they have to pay money, it 282 million we're talking about out of the 4 billion. will they have to pay? >> if they don't receive the money and it's paid out of the $14 billion the pga plays. if they receive money and pg&e does not pay. they have to 272 million. but they would be able to pay that out of the settlement. >> i found this interesting. a lot of criticism with pg&e. and then the top of the money is brought up again, salaries, what are your thoughts on the criticism of the utility company and the payroll. >> what we're hearing, last year when they added board members they doubled the pay. the exciting board members are making $271,000 a year. the ceo wanted toheroa new ceo at a low starting salary and put the back end incentives to raise the 158ry. new ceo are making double what the previous ceo are making. there's challenges in managing

. >> to see some of these issues as an existential risk to the longevity of a company like bp?e over volume and you really have to think about value and where that comes from can be anything. we have big big renewable business today. returns't have the same but we have to set up policies that change the demand patterns of the market. creates itupply that is supply and demand. you have to change the demand profiles. ♪ economy is becoming more efficient. cleaner and more competitive is generating industry jobs. the point oft only how you produce electricity which you perform in a markley manner but you are generating what is around. that is what you have to contemplate. we have to make it more sustainable. that is what we are doing. a look at your investment in australia, what growth andential and after australia where do you? invested $35 billion a year. pleased to do so. the demand is there and that is why we are coming. with more clean energy, better networks as well. ♪ announcedast year we a new statement of purpose. progressivenot be a energy and solutions partner and reachi

we also like bp in europe.think is at a deflection point being able to return more caption share holders. >> if you think the beginning of 2020 could still be a little pressure for some of these names? >> we are looking back to the fourth quarter which is a tough quarter for refining and chemicals. exxon has more exposure to those. we think it is going to be tough forexon. chevron is not looking in it either looking forward for these companies continuing to lower cost structure and be disciplined. focusing on getting more back to the share holders. >> we talk so much about the implication for oil prices i know you are focusing more on equity names the coronavirus outbreak has put fear on the market are you worried about that and how it ends up flowing through to the equity names? >> yes, of course we are even before we knew about the contagious, there was concerns i would say the potential demand is about 200,000 barrels a day that makes the market looser libya is at very low levels right now. the market has be

. >> do you see climate issues as an x potential risk -- as an existential risk for a company like bpue over volume and running a company, you have to think about value. that comes from a lot of things. we have a big renewable business today, biofuels and wind businesses. we don't have the safe returns that we have today. we need to set up policies around the world to change the demand patterns of the market, because supply doesn't create economics, it is supply and demand. you can't do it with supply. you actually have to change demand profiles. ♪ >> the economy becomes more efficient, cleaner and more competitive. industry jobs, huge and positive. it is not only the point of how you produce electricity, you produce it in a more efficient and cleaner manner, that is what you have to contemplate. it is not, this is good, that is bad. that is better. and that is what we are doing. >> you are investing big. alone,look at austria you pumped in $500 million in wind and solar farms. what kind of potential and growth, and after australia, where do you go? have invested $35 billion in the st