to fund or give loans to whale companies a lot of investors not wanting to buy the stocks of say exxon mobil we haven't seen as much of a protest to these and direct links like this where siemens isn't exactly you know investing or are building the actual project but in silicon valley there has been some of these interact push back so companies like google and microsoft have also seen. they've also seen a simplicial back but it's mostly been directly on the oil and gas and fossil fuel companies so far. that's a delay in fact thank you if you are traveling in china and leave glittering big cities like shanghai and it becomes clear that the economic boom that made china rich does not permit the whole poverty still is a big issue especially and more far flung provinces now i mean she's in pain has made a bold promise to eradicate poverty in china by the year 2031 key measures is education. leaving zhang doesn't have any running water his family only has the bare sensuous as small farmers they earn around 120 euros a month but leming jain once a better life than his parents that's why he's train

also, too, exxon mobil has a high exposure to u.s.ning and chemicals so even if you get the rebound in oil prices exxon gets squeezed with their units so it's not a really good story right now. >> meantime. talk about the coronavirus and impact it's having. >> transportation fuelled demand is the first casualty in these epidemics. now people are starting to put pen to paper we're seeing gdp estimates potentially being cut as much as 2% this is hurting. we're already seeing it. oil prices got cut almost in half during the sars outbreak so now we're seeing -- >> is that an overreaction >> overreaction? >> back then i would say yes it was and we did rebound from those prices this time around, because of how precarious the market balance is, especially -- we were counting on the demand growth to come through in december there was a big rally in oil prices partly because of the celebrations around the u.s. china trade deal being struck the phase one deal that would mean more activity for chinese manufacturers in particular and the whole as

names like exxon mobil and chevron, i guess the impression that we will see slower growth and slowerge of crude and the rest. >> we have been saying that for a while. we have always said there's too much crude in the world right now and global growth this year although the numbers are up a little bit, it does not match what oil production can be. i think some of the oil coming down is a trade on travel et cetera. but i don't see any reason for oil to rally unless we have news out of the middle east and tension. otherwise there's plenty of oil in the world and i don't see any stocks rallying anytime soon. >> what has brought in the discussion to all the markets in a way, you saw france and germany all down. you begin to wonder where is an area of where the flows will go at this point. you look at the ten year yield while people are piling into government treasuries and the yield at the moment for the ten year has dropped to about 1.6, 1.607, down eight basis points. give me your sense of how long it takes before investors will wrestle their brains over to the earning sides versus the

today's watch list, reports on personal irn come and manufacturing and earnings from chevon and exxon-mobil. there is a cancelation of flights to china as crews are talking about exposure to the coronavirus. american hasn't commented on the lawsuit but had will temporarily halt flights from los angeles to beijing and shanghai. this is the biggest threat to airlines since sars at the peak in 2003. well amazon investment in one day shipping may pay off. they now have 150 million prime members, a jump from 100 million announced back in 2018. jeff bezos said the number of items delivered with one day and same day shipping more than quadrupled in the fourth quarter and that may have contributed in the jump in the fourth quarter earning which easily beat the forecast. >> he made billions yesterday just on that news. courtney, good to see you. >> absolutely. >>> coming up, vianey tracking the weekend forecast. >> i contributed to that. i use prime so often it is ridiculous. and the one-day feature. we're in the 40s. low 40s for napa but it is a pretty warm day today. how warm and what can we expec

free speech that now makes it unconstitutional for congress to regulate the corporate speech of an exxon mobil or goldman sachs and so this has had massive problems for our democracy it's amazing because individual citizens here in america are very restricted to how much they're allowed to donate to their favorite candidate on the other hand you have these corporations was really highlights that princeton study of they could give a 1000000000 if they want to the super pacs and yet. you're like restricted to a few measly little $1000.00 sort of donations to your candidate you can donate more to the party what sort of influence do you think this has on an outcome in an election verse is your $23000.00. it's their problem but the question is how do we get rid of it and it seems to me that we have to come up with another source of funding i mean the reason that probably titian's go for all this lobbying is they need that support for their their campaigns and so then it seems to me the 1st thing we have to do is really educate people about what money is and where it comes from and the fact that ban

going to do what is right for the american people, or are we going to do what is right for the exxon mobil corporation and the people who run it? wayy single question in its comes back to this idea of this government is broken, but it is serving corporations diligently and faithfully and it is during american people under the bus. that comes out in every question. and it is painful to go around this country and talk to citizens, perfectly wonderful, hard-working americans, and see how badly they are being treated by their government. it is upsetting. to me, it is a straight up question of right and wrong. and really, that is why i am so determined to break this corporate stranglehold, because it comes down to cruelty to americans. really from the time you are born to your last breath. and it is just wrong. election is this about and that is what are here on the campaign trail. host: let's go to john in philadelphia on the democrats line. caller: mr. steyer. hello. guest: good morning. caller: how are you doing? guest: good. caller: you probably know this, but what you see above trump is al

an oil terminal waits expectantly out in the eastern mediterranean there's gas early last year exxon mobil found big reserves in cypriot waters if they're pumped the t.t. ies energy hub here could get a big gas boost cyprus certainly will at least part of it but not the self declared republic of northern cyprus recognised only by turkey its foreign minister warns against shutting them out of the bonanza. if. the international actors including the international energy companies. they give the message to decrease the british side that they can continue to do it alone unilaterally without getting the consent of the turkish cypriots without communicating and cooperating with it or because the bridge site it would not be something good for the relations between the 2 because we will continue to take certain steps and we will do the same the response has been toward the rise turkish drilling ships protected by the turkish navy to also look for gas and they've been doing it in waters internationally recognized as belonging to greek not turkish cypriots cyprus hates it the e.u. and the us do not l

. ♪ viviana: our stock of the hour is exxon mobil. fourth quarter production estimates missed. already 1.5 below analyst estimates and that expectation was already low. shares are down sharply. let's take a look at those earnings. the topline eps estimates at above 33 versus $.75. drilling down a little bit more, most of that was because of a special item, a one-time gain of $.92 from a $3.7 billion profit sale of some norwegian assets. you subtract that and this is what you get, $.41. that is the lowest earnings in four years. the cause of some of exxon's problems -- cash flow. spending to buy back shares because the current yield is 5.6%, and that is exceeding the amount of the cash raised for the eighth time in 10 quarters. another source of cash burn is the $35 billion a year effort to rebuild. -- rebuild its upstream portfolio. it is not just exxon that is down, so is chevron and philips. those stops plunging, a real drag on the s&p energy index. that is the lowest in 2.5 years. we leave you at the crossroads that big oil is apt because of the focus on climate change and t

netanyahu exxon mobil, and various other multinationals to effectively share. minister is a continuity prime minister, so he is in washington to cement that from my perspective, the perspective of the opposition, is not worth the paper it is written on, and is dangerous. of course, i'm not an impartial spectator, given that i combat him on the floor of the parliament on a weekly basis. david: give us a sense of what greeks need right now, what would help with its economic situation? >> this is my great disagreement with the prime minister and his predecessor. i don't think we need anything from the u.s. other than to be left alone, not to be implicated in any general conflict in the middle east. what we need is an escape from debt bondage. we remain in a situation where we are hugely indebted to the european union, in particular to the bailout fund, which is significant. when you are pretending to repay a debt to the european union that is not payable, the way to pretend it is to have targets of a budget surplus that is punitive taxation of the private sector.

steel, exxon mobile, how big a company that was once upon a time, it feels different this time with respecttrillion dollar companies that are out there with apple and amazon and so forth and google, as you mentioned because it's such a part of today's economy but they are bearing forward thinking companies and when you think about the next 5 to 10 years, you should own the companies in portfolio, they'll be such a big part of our lives in future. charles: i think that's a great point, you think about internet of things, autonomous vehicles, you know, i was reading where rolls-royce will put out a personal plane with 6,000 chips in it, i mean, it's, rob, it doesn't seem like this is going to end any time soon and by the way, apple just got an upgrade, new high target on apple, morgan stanley, $1.4 trillion, that takes over 1 and a half trillion dollar. >> i agree, i'm scratching my head, charles, so i feel a little bit jury was duly sworn -- understated. we have seen the show before, let's remember microsoft was the first company in 1999, they hit a half a trillion dollars, 500 billion. it t

high we saw in april last year now leading the declines today, you've got shares of phillips 66, exxon mobil chevron, both of those names sliding to new 52-week lows in today's trade and the etf tracking the oil and gas exploration industry xop, is down nearly 20% for this month but it's not all doom and gloom out there. you've got shares of marathon petroleum up slightly today after a report that the company is exploring a sale of its gas station arm, speedway. they've said the unit could be worth 15 and $18 billion >>> shares of ibm falling nearly 23% since jimmy took the helm and accord iing to one tech expert, not even jesus can at a bect big blue now th'sig statement we'll figure it out and challenge it ♪ ♪ ♪ ♪ but how do i know if i'm i'm getting a good deal? i tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. every time it takes care of something for us, we celebrate. how often does that... got it. service

so they are well protected, but i am more concerned about the business -- >> exxon mobile or that typees, and those are targets and as do the consulates and the embassies and high readiness of alert. >> and there was a description of the alleged imminent attack that led to the death of soleimani and this is what was asked. >> i believe it was days for sure. >> when i asked pompeo, he said days, week, it is irrelevant if you are one of the victims, and we have not seen evidence. >> you won't see the evidence. i know it sounds like i am dancing on the pin, but it is not intel that you can prevent in the courtroom. it is what i think and not what i know, and that is why the guys are not reporting the intel from the state of defense or white house, because when we have a it, there is a air gap of days away and imminent and what an expert would say, that is troublesome, but i am not sure whether you can interpret imminent through that, and so there is differences of interpretation right now. >> and i can pile on that, exactly, because whether it is the description of the iranians to protect

exxon mobil, chevron and conocophillips so what exactly might history tell us about where oil demanduch. the closest comparison we have of course is the 2003 sars outbreak that sent oil falling from 38 bucks a barrel to 25 about a 30% haircut in just two monlts but that's not really a good guide because china's economy is 720% larger now than it was then. their gdp was under 2 trillion and oil use has nearly tripled d from that outbreak so if the virus continues to spread, let's hope it doesn't u, but if it does, travel will slow sending an oil market reeling with a million or two excess barrels on the market every day. look for two things r going forward. opec could extent their current cuts or make a new cut in the debt heavy oil and gas stocks. whitings, oasis, the names we don't talk about much. look for those to take a bigger hit than they already have let's dig more into this and bring in claudio welcome. those are the numbers. we're just running them over the weekend. what do you think? what are you numbers >> thank you i think these, the number you have are very, very large p

exxon mobil has put out a statement, they have to care about all their employees, their contractors in the region. we know the department of defense already put out a statement saying, if you are in iraq, get out of the country. if you can't get to an airport, get out of the country via land. exxon has said they have measures in place to monitor the health and safety of all of their people. they don't go into more detail than that, but they've got to be aware. there's a number of american employees for those oil and gas companies stationed over there. >> stephanie ruhle breaking it down for us as always. thank you. >> thank you. >>> on the heels of his massive decision on iran, the president is spending a quiet day at mar-a-lago until he speaks to a key group of voters that helped send him to the white house, white evangelicals and christians. will today's news be front and center on their minds? ront and center on their minds? do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vit

an oil terminal waits expectantly out in the eastern mediterranean there's gas early last year exxon mobil found big reserves in cypriot waters if they're pumped the t.t. ies energy help here could get a big gas boost cyprus certainly will at least part of it but not the self declared republic of northern cyprus recognised only by turkey its foreign minister warns against shutting them out of the bonanza. if. the international actors including the international energy companies. they give the message to decrease the british side that they can continue to do it alone unilaterally without getting the consent of the turkish cypriot side without communicating and cooperating with it or because the bridge site it would not be something good for the relations between the 2 because we will continue to take certain steps and we will do the same the response has been toward the rise turkish drilling ships protected by the turkish navy to also look for gas and they've been doing it in waters internationally recognized as belonging to greek not turkish cypriots cyprus hates it the e.u. and the us do

we have had a exxon mobil exit. some big water injection and other technical projects. there have been sanctions. if things go badly, there is this quasi-trade made between iraq and iran. it probably helps the iranians out. they can move some oil into iraq. who knows when the other oil get sold. if the u.s. makes an effort to crack down on that kind of smuggling, that could take some oil out of the market. markets are a little tighter now than they were three months ago. do you think iran will target oil as a type of retaliation? could they attack saudi energy? >> you can take them at their word when they said they will attack military targets. that would not necessarily be going back to attacking oil facilities. it is hard to say. do we think the irradiance control all of their proxies? will there be revenge actions that are not even directed from iran? first it was the proxies, then iswas the death here, now it in control of everything. we have seen these different narratives. you could have sabotage. i would remi

some of the big global oil names are now negative on the day like exxon mobil. defense stocks have held up throughout the day near the highs. lockheed martin, historic highs. airlines are down but not as much as you might think. they, too, are off of their lows that's something i point out all the time cost for oil and for these airlines is much, much lower than it used to be used to be 20, 25% fuel cost now, maybe 10 or 15% labor is the most expensive part of running an airline along with a number of other expenses like parts, labor, airport fees, et cetera. >> bob, thank you very much. oil jumping sharply following news of that u.s. air strike ha killed iran's top military commander in baghdad, iraq you can see the spike right there in the 8:00 p.m. hour last night when that news broke right now, oil is up more than 2% it's off the highs of the session. seema mody joins me now with more on the repercussions in the energy sector and seema, it's been interesting because these moves have now tempered a bit as the hours have carried on. >> exactly right oil prices

the new platform is set to launch in april of more than 11,000 exxon and mobil gas stations all around the country. >>in virginia more shopping malls could soon allow people to drink boos while you newly proposed law could expand an open container alcohol lot more shopping centers. currently just for shopping centers in virginia. let people buy a drink at a bar and then go walking around with that drinking a special cup. and right now only development someone at least 25 acres can apply for this thing, it's called a commercial lifestyle center license. but a new bill would shrink the required acreage down to 10 acres allowing npsmaller shopping centers to apply for the licenses. the idea here is to try to help brick and mortar businesses compete with online sellers by making shopping more of a fun experience. >>still ahead new assault charges filed against harvey weinstein where >>every weinstein has been indicted on new crime charges in los angeles just as his trial on separate rape and assault charges in new york was about to begin weinstein has been charged with raping a woman in la

well also work the new platform will launch in april of more than 11,000 exxon and mobil gas stations all over the country. after more than 20 years little caesars pizza they are bringing back delivery. >>the service began today at 90% of its stores. little last delivered pizzas about 20 years ago, but back then delivery service was offered it far fewer locations. the prices will be the same as a on the takeout menu, but there will be a charge for delivery. >>tensions in iran continue to rise after the president sends out a fiery tweet that's president obama how you shouldn't have to live with pain. you shouldn't have to pretend you're fine. you shouldn't have to be the ambulance. you shouldn't have to be thinking about the cost. you should just be focused on her. covered california can help you find a health plan that fits your needs and budget. because we believe you shouldn't have to choose between the life you've built and the care you need. at at&t we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and becau

we will get numbers from exxon mobile, chevron, and from caterpillar, often seen as such a bellwether global economy. the bloomberg power play player summit kicks off this afternoon. the sport industry in miami. the brexit deadline, the u.k. officially leaves the eu at 11:00 p.m. u.k. time tonight. 14 chinese provinces and cities have announced an extension of the new year holiday as the country works to stop the spread of the coronavirus. businesses have been told not to open until at least the second week of february. bloomberg economics says it could drag chinese gdp growth to the slowest since 1992. tereva is still with us. we are still focused on the human toll, the death toll, and the effect this is having on people's lives, but in terms of the economics and china, what is it you are watching for or how soon do you think as economists will we be able to get an assessment of the damage being done to the chinese economy? clearly yes, so this is downside risk for the european economy. for us, it is still quite early days in terms of potential impact. it seems the largest negative i

cars you can say alexa pay for gas it's a cashless transaction at $11000.00 exxon and mobil stations stuff like this will be commonplace with 5 cheese service already up and running in some places and in all major usa cities and 2024 g. enabled routine changes like in transformed music streaming obsoleting c.d.'s much higher 5 g. speeds will do that to video facial recognition will literally open doors so why is 5 g. taking so long f.c.c. chairman pi's says help wanted installers to climb towers in demand in the full employment economy there's so much going on in 5 g. . we've got tablet devices for agricultural use where you can use a drone and control the drone and look at your wives stocking and know arm i've thought where they should be i can control farming equipment i can utilize it in a hospitality or one of my personal favorites is what we do with our 1st responder community and in particular e.m.t. they're out there to save lives and so we've developed a prior focused around they need their hands so this is a product that you can where you can touch it you can have a video ca

know, weitude is, you need exxon mobil to support us. and you know what, we will support them.f that means throwing the american people under the bus, then we will do it. that's exactly what they have has doing and the congress never pass climate legislation in history, ever. that is why i want to declare a state of emergency on day one. do i want them to pass some version, my version of the green new deal? sure i do. we cannot wait for them. naturetude is, mother has a time schedule and she is not giving extensions on the paper. it's physics. we got a get going. we really actually have to get going, not talk about getting going. that is why i said day one state of emergency. story.tell you a enrolled were to, you know, after pearl harbor, we had not done anything to prepare for the war. we had not done anything since world war i. we were behind in terms of tanks, ships and planes. so fdr asked through three auto companies, what will you give me an terms of production. they were productive capacities for the country. americans, patriotic americans and they said we will give you

exxon mobil, a 52-week low a lot of damage elsewhere in metal stocks, freeport mac mcmoran has been down steel with a 52-week low. real damage out there. there's the closing bell dow jones industrial average is trying to get into positive territory. it looks like it's not going to make it. s&p 500 up four points >>> welcome to "closing bell." i'm wilfred frost. >> i'm contessa brewer in for sara eisen, along with mike santoli. >>> the nasdaq closing in record territory, once again only 0.2 of a percent of gains. it was about 10 or 12 points, the s&p 500 was up only by ten basis points, about three points away from the recent record. industrials real estate and technology led the charge higher as you can tell, of course from the nasdaq performance, just negative, but only by a couple points >> we'll bring you the numbers as soon as they cross. joining us to talk about it is chris fizee, and still with us, stephanie link, cnbc contributor. mike, this coronavirus scare is having an impact across several sectors, but the s&p is on of positive they're looking for a global cyclical story, just

what i mean by that two of the top fives not top five by overall population exxon mobil and at&t they were buyers of hoover, which maybe makes sense. i think it comes down to the fact they're not as interested in buying fixed income, but this is a synthetic way for them to still be in the market, and there's nervousness they may lose if it's income in fixed income. >> go back to the headline in terms of no real profit taking is that a fair position in your eyes >> absolutely. while it's not real aggressive there is an alternative and fear of missing out an update, i better get some a down day here's my chance they just keep investing. >> what do you think of the aspect of buying a bit of the older media selling the netflix, similarly going into some of these energy names, the unloved names, as it were. >> i'm not going to change, i'm going to bottom fish a lot of millennial investors, so it may be their first time. i heard my parents talking about telephone, exxon safe, quote/unquote. >> it's interesting to do that millennial net-sold tesla. if you look earlier this year there were bu

this agreement does nothing to stop fossil fuel companies like exxon, mobil, and chevron from dumping their waste and pollution into mexico and destroying the environment. in fact, it makes it easier for fossil fuel companies to bring tar sands oil into the united states through dangerous pipelines like the keystone x.l. it does this -- this proposal does not even mention the word climate change. imagine in the year 2020, we have a major trade agreement that does not even mention the words climate change. the existential threat facing not only our country but the entire planet. this deal preserves the disastrous investment state dispute settlement system for oil and gas companies, allowing them -- the president pro tempore: the senate will be in order. go ahead, senator. mr. sanders: this allows oil and gas companies to continue to put corporate profits ahead of our air, water, climate, and health. mr. president, at this pivotal moment in american history, it is not good enough to ticker -- tinker around the edges. the scientific community has been very clear. if we do not act boldly

more than doubled, it's added $725 billion to its value, that is more than jpmorgan chase and exxon mobile that's where that stock is and the close on friday before the worries yesterday was 31831, we are not that far off from where it was, down a little bit but, again, it's still very rich here. >> i would say that you add a multiple on the low 20's, markets down 18, i for the longer period of time, apple was trading below market multiple which is more insanity, maybe we have come to a fuller valuation now but the company has proven that as iphone sales, as they have troubles with that they have new ways to keep it going, the airpods or ear buds or whatever, the other thing we will hear about that, we talk about streaming wars, you look at the entire valuation of netflix, i'm -- i'm worried about a lot of things in the market and apple is not one of them. maria: michael lee, thank you so much, we will be right back. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technolo

safety of the american people has to be put at risk forever for the quarterly income statements of exxon mobil. i think you are naive. i think the american people are going to choose survival. >> how soon do we have to be off of oil? mr. steyer: what i have said about energy generation is that we need to be 100% clean by 2040. >> with cars and stuff? mr. steyer: i'm talking about energy generation. in terms of ev's, there's the question of when we sell the last internal combustion engine and when the last internal combustion engine is on the road. simultaneous. those are two different things. the other thing that i think is this. specifically in iowa i like to emphasize that we are also going to have to do carbon sequestration. what does that really mean? it is a fancy word for planting things. planting things. where are we going to do that? open spaces. people are going to come and partner with rural america and plant things. sequester carbon for everybody. >> it is for my wife. mr. steyer: what is her name? >> sandi. mr. steyer: ok. [indiscernible chatter] mr. steyer: nice to meet you. thank

it is teaming up with exxon mobil on this venture. able to confirm your station location and pump number. they will then activate your pump. the feature arrives in nearly 12,000 exxon stations later this year . >>> carmaker and rideshare company or bring it up to bring flying cars one step closer to reality. hyundai and uber unveiled their concept for a flying car at the electronic show in vegas yesterday. the flying car can go about 180 miles per hour, looks a little bit like a helicopter or drone and can take trips up to 60 miles . >> we can reduce travel time drastically by averting ground traffic. >> uber plans to start demonstrating this year and large launch commercial operations in 2023. the head of uber aviation says they're also working on a parachute for the entire vehicle. in case there is a problem you can use the parachute. >> people can jump out with the parachute as opposed to a helicopter. >> the jetsons, remember my first car with electric windows i was living in the future. let's check in with sal on the traffic. >>>

exxon, shell, mobil and others knew that their profit would not stand profitable unless the world understood the risks. they use the same consultants that tobacco company used to launch a huge communication effo effort, to develop strategies on how to fool us. tobacco companies were primarily harming people who smoke. the fossil fuel companies are harming the entire planet and all its in habitants. the company not only hid what they knew. spent tens of millions of dollars on think tanks like the hartland institute that promote false science and confusion about global warming so that people won't try to stop them. their lines was and continue to be. science about climate change is not clear and even if it were, the fault lies with the government and consumers and not with them. the thing is these oil companies have played a big role in actively stopping government r from enacting clean energy policies with exxon leading the way, for example, exxon prevented the united states from signing the international treaty known as the kyoto protocol to control greenhouse gases. exxon's tactic worked no

bill, i want to start with you are you comparing this to all the ga back in 1980 when it was exxon and mobil and texaco >> it's worse than you described. 12 of the 20 largest market caps at the end of 1980 in the fortune 500 were oil companies 12 and at the height of the dotcom bubble end of '99 and 2000, only three of the top ones were tech related. i think exxon and ge were in the top five market caps and microsoft and intel and others took turns being the largest market cap. >> why is that bad, bill why is that wrong? >> because there's only a few things that are guaranteed in the investment business, brian, and the number one thing that's guaranteed is things will change in all of our economics classes, we learn that if something is extremely profitable from a microor macro standpoint, people will keep coming in and providing new competition to that and marginal profit gets driven to zero in the stock market, the thing that's been the most profitable has been buying revenue growth stories in an era where revenue growth is hard to come by. so our argument is this is the antithesis of 1981

i can tell you exxon mobil can take care of themselves. but if you are the oilfield service provider maybe you cannot. two senator lighthizer's point, my gosh, wouldn't it be great if you're taking that natural gas currently being flailed into the atmosphere out of west texas into mexico for the mexican government could then replace coal or fuel oil being burned with lower greenhouse gas emitting natural gas. not only would we not flare in the -- what we would be substituting that for a higher greenhouse gas producing fuel in mexico. we don't have the investor state dispute settlement system for those who build that pipeline could s if it is later nationalized there is no recourse for them. i can't help but notice that the house got a lot of stuff because the house had the ability to say we will not do this unless he get our demands met. we have not had that ability so we have not had that ability to say wait a second this does not make sense. the super majors can take care of themselves but the oilfield service provider or the pipeline bu

exxon mobil is getting ready to sell more overseas assets.ed the company has plans to -- that would be followed by a selloff of oil and gas properties in germany. the two sales could bring more than $2 billion. wells fargo's main regulator going after some of the bank's former managers. as many as 10 of them could face civil cases related to retail banking scandal. that could result in the bankers being fined and barred from working in the industry. that is your bloomberg business flash. francine: thank you so much. kramp-karrenbauer, she stressed the need for germany to speed up the process of spending government funds. calling for investment in the denver structure and defense. >> germany is a country with a very strong economy that can contribute best to development and prosperity in the world if we remain a strong country. to do that we need two things. first of all we need internal reforms to secure our competitiveness. this is something the green is not so keen on. we need investment in future technologies and our infrastructure. if you

this on a day in which exxon mobile and chevron are both out with mixed quarterly results and both stocks morning. chevron down 3.5%. energy is the worst performing s&p sector so far this year, guys and not having a good day today. it is the fundamentals of the oil business clearly with those earnings but also the economic concerns about the fallout from the virus. >> yeah. as sara says the coronavirus contagion is accelerating some of the sell-off. we're below 3250 on the s&p. mike santelli is here to talk about the chicago pmi set this off. we were hoping january would bring some fresh, soft data. >> yes >> this isn't it >> not at all. it is not happening on time. this global upturn for on time the global upturn the way the prices were in position were not able to get that baton handoff to the growth story. that's the main thing. in terms of the way our markets are kind of gyrating here, you could argue, i had argued that we're just set up for some kind of an excuse to pull back, no matter what. something was going to come along. coronavirus came along and now it's very difficult to han

some of the biggest loggers today, let's focus on three, exxon mobil, it came in a lot lower than expected dow downgraded by rbc analyst because we also had soft q1 guidance. there is been a lot of softer guidance for the companies releasing earnings. yesterday they had mixed results, higher expenses. caterpillar for a second, they put out the earnings report, they are the world's largest equipment manufacture and they too alluded to weaker demand going into 2021. you are seeing the selloff continue without stock. let's bring on the upside, positive, amazon it continues to soar. revenue, stellar, 21%, advertisers are flocking to the site, prime membership, they made 160 million subscribers paying 119 u.s. dollars a year to keep the subscription service. that is more than netflix has around the globe. seen a lot of strengt strength r there. the richest man in the world made tons of money off of this when the stock hit yesterday $2100. it is seen highs today back in the 1 trillion-dollar market club. but overall once it is all up, january, the dow down 523 points at the moment, for the month

alexa enabled smartphones and other devices is slated to launch in april and more than 11,000 exxon and mobilas stations in the us live from the nasdaq, i'm jane king, thank you james, thank you very >>kron 00:04am morning news people are cleaning up broken glass after a rash of car break ins in one san jose neighborhood will tell you which neighborhoods and after the break a series of major earthquakes have turned deadly in puerto rico. these are some of the images coming from that island this morning. before we get all those stories, let's head outside show you the bay bridge toll plaza, we'll look at that cars as far as we can possibly see right almost the center of your screen there are flashing lights on the problems are stacking up in humira patients... 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 y

assistant, i wonder how many i just notified across the country, the company is teaming up with 11,000 exxon mobilesactions will be made through amazon pay. all right, pete. peter: talk to your car and talks to the gas pump. steve: i think that's right. pete: all right, golden globe monologue everyone is still talking about, ricky gervais ripping into the hollywood elite. >> you say you work, companies you work for, apple, amazon, disney, if you do win an award tonight, don't use it as platform to make a political speech, right, you're in no position to lecture the public about anything, come up, accept award, thank your agent and your god. pete: simply brilliant but not everybody amused. well, in response in a tweet gervais firing back asking how can teasing huge corporations and the richest most privileged people in the world be considered right wing, here to react california beach radio talk show host denise, he's the head honcho, the film no safe spaces out in theaters again, we will get to a clip of that, denise, ricky gervais is not a conservative and accused of pairing right-wing talking poi

maria: welcome back energy earnings in focus this morning, exxon, mobile, chevron reporting as concernsnd grow grow. tell us what drive it is market in the fourth quarter as we wait for major numbers of the four companies? >> it's going to result in the majority of earnings, this does look like a downcast kind of quarter, quarter on quarter both companies should probably produce lower earnings than they did a year ago. maria: why, is this a demand story, we are talking all morning about the global economy and whether or not we are actually seeing impact from the coronavirus, impact on china, coronavirus is spreading, raising concerns about the global economic growth story and the demand of energy, the world health organization is now declaring this outbreak a global health emergency, and the house emergency and commerce committee is holding a nearing next week, this is important. saudi arabia is looking to move the next opec meeting for march to early february, so factor that in. >> yeah, so two things, first the quarterly results, you know, the big drivers are oil prices are relatively