and bp is right to change.ip requires the company alongside to provide energy the prediction for bp is over the next ten years and that doesn't lead to a cash flow. if we see anything, cash flow is higher from the business rather than lower as they upgrade the portfolio with efficiency and digitalization as the cash flow goes up, it will be moving you have cash flow coming from the divisions and gas stations and products they sell there it gives them time to transform into a low energy or low carbon energy business. that takes time. they have a lot of cash flow to allow them to do that and that's return for the shareholders. we are looking at a stock with a yield and can double that through the process of share buybacks as well it is clear that is the topic on the index. >> lydia, the reason this call caught my attention so much is bp may or may not be a model for major american or other global integrated global companies. i'll roughly summarize this. we will not quite wind down the business over the next numbe

bp is trying to transition.get the beta the same way you would from an iron ore company. alan: remember that because they have all reduce their debt, in particular bp's case brought forward their debt reduction to below $35 billion, probably two quarters early in the market. excess cash flow now going back to you. i would say is a shareholder your beholden to arrive is -- to a rising oil price. there balancing renewables with returning cash to shareholders. if we get to an oil price north of $70, those returns will be significant. guy: alan, nice to see you. are you back in the office? alan: i am. i am building up to three days a week. it is good to see a few colleagues. this is the first day i would say we probably have 20% attendance. i am hopeful from here on in things will pick up. it is good for a nice change of scenery. guy: absolutely. trains are beginning to get a little busier. always appreciate your time. alan custis, thank you very much indeed. alix, it is going to be an interesting story to see how t

you have royal dutch shell and bp, out with the oil and in with renewables. business model for them. they are maybe not valued on that business shift. they don't know what kind of returns there will be. exxon and chevron are doing something differently, still staying committed to oil and gas. they are still committed and aiming for more efficiency, etc. they are doing different stuff. u.s. companies are doing a lot with carbon capture. not that european companies don't, but they are putting more into carbon capture than buying a windfarm or a solar farm, for example. exxon is enormous in that field because of its massive size. activists are going to say they can do more. exxon will say they do a lot. also if you are a shareholder, why are you buying exxon? are you buying exxon because it has carbon capture or because it has a dividend yield? matt: i'm looking at the comp screen. i love the comp function for almost any long-term stock. they have massively underperformed over the past five years, bp and royal dutch shell, but if you look to just the beginning o

the defendants are chevron, exxon, bp, shell, and conoco phillips. these fundsill be used to pay for seawalls and other infrastructure needed to deal with sea level rise. we have some real risk that's going to require some billions and billions of dollars of investment by san francisco on infrastructure if we're going to stop catastrophic loss, so that's what we're looking at. a lot of our developments are occurring along the waterfront. our lawsuit is a part of that. i want to have this abatement fundhat has been created now to ensure that we can fund the infrastructure improvements that we're going to need to ensure that those developments go forward without the threat of sea level rise. scholl: politics in san francisco is funny. there are a lot of really enlightened views. on the other hand, it's probably not enough to prevent the business community from making things even worse right on the waterfront. christensen: we're going to have to adapt. it's going to take that creativity and energy and capital. the question of how do we balance that econ

plus bps annual general meeting. shell doubling down on that clean energy transition. bp as well.p for me and guy. coming up, you have dr. patrice harris joining balance of power with david westin on bloomberg television and radio. if you're in the u.k., go to radio and listen to us. guy: absolutely. the cable show comes up next on dab digital radio. ♪ >> from the world of politics -- >> this issue of cyberattacks on our critical infrastructure is not going away. >> to the world of business. >> with that the trend will be strong job growth and recovery. >> this is "balance of power" with david westin. ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." we will start with breaking news fed governor lael brainard is appearing in a virtual event hosted by the f abe w. she is talking about inflation. we will take you through a few of the headlines in the prepared remarks. she says inflation is tough to predict, it may be transitory. there is uncertainty that remains. data shows price expectations well anchore

so, what are you hearing what are bp and marathon, some of your suppliers, what are they telling youthey have left? and when the colonial may be telling them they can get more >> well, yesterday, they were able to do some manual pushes from those holding tanks at the terminals to get them into the specific terminals, marathon, bp, shell. and that happened successfully yesterday, so we were able to get a little bit of those tanks. but that pipe's got to get going. we got to get that thing flowing in the next day or two, or we will be in a mess. >> yeah. i guess the confusion, david, and we talked about it at the beginning of the show is that if the pipeline was truly empty, i mean, drained which we don't know if it is, it can take up to two weeks to get new supplies from houston to new york because it moves it at 5 miles an hour, that might be a week for you guys in north carolina any indication of the sort of knock-on effects is there fuel sitting in the pipe do you have any idea what the status is? >> yeah, the pipe's full i think it's full. when they shut 2 dowit down, it full ther

today, chesapeake, exxon, bp, chevron, conoco phillips at this hour all in the red with i want to saybile and conoco, well, and chevron, chevron and con conoco down more than 3% a piece, the others down about 2%. this all with the back drop of energy secretary jennifer granholm giving testimony on capitol hill as she faced questions over president biden's axing of the keystone pipeline, 19 states urging the president to reconsider. let's get to hillary vaughn on capitol hill, and you want to talk about a back drop, the back drop is the colonial pipeline going down. reporter: liz, that's exactly right. secretary granholm testifying this morning on capitol hill expecting to be asked a lot about the budget for next year that she's requesting for her department but instead, she got peppered with a lot of questions about pipelines, from the colonial pipeline hack to the keystone xl pipeline, getting axed. >> did the administration cancel the pipeline because of politics, because it was clearly not for climate benefits because it's going to increase climate, it's going to increase emissions

>> i remember that one, for sure na nadine what do you say >> coming back to british pet role yum, bp this is 7 to 1 upside to downside implied volatility premium 15% want great this one, bp. >> james mcdonald. >> forget target, buy low, sell high walmart is my pick four at jpmorgan chase & co. upgrading the price targets. >> karen finerman. >> yes, i like tj maxx people are disappointed it wasn't better but i think will be better next quarter, store ks xing and cost coming down, t jr on sale. >> >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money." welcome to cramerica other people want to make friends, just trying to make you money. my job is not just to entertain but educate and teach you. call me at 1-800-743-cnbc or tweet me @jimcramer. be careful what you don't wish for. broad thesis or speculative nightmare. i'

essentially backup at the border this is what texas bps agents say we're seeing more of each and every night, rafts full of women and children making the dangerous trek across the rio grande they're saying they're having to patrol more of this area because federal resources are stretched so thin. >> reporter: in march alone the number of migrants stopped at the border surged to more than 172,000. a 20-year high >> it is a crisis. you see for yourself how easy it is for these smugglers to raft these migrants across >> reporter: nearby in roma, texas we're also on the move as state troopers make another discovery following a simple traffic stop. this appears to be a stash house where they take dozens of migrants have been here for who knows how long, and right now they're going to process this scene. since march state authorities say they've referred more than 28,000 migrants to the u.s. border patrol they've also seized more than 5,700 pounds of marina and almost 100 pounds of cocaine. >> the numbers have been historic as far as illegal crossings and now stash houses >> reporter: late t

these bps agents right now are trying to talk to one of the suspected smugglers. >> reporter: officials 160,000 unaccompanied children are expected to cross the border this year, shattering the previous record. one woman told us the two-month journey from honduras was hard. and that she and others came here because they lost everything during two massive hurricanes last year. >> gabe, you just toured that border patrol processing facility what struck you the most >> reporter: lester, it was not chaotic but still very busy. there are more than 800 migrants here. that is still over covid capacity and last month this facility alone cost more than $19 million to operate lester >> all right, gabe, thank you. and new details now about the handful of families separated under the trump administration that have now been reunited jacob soboroff just spoke with the homeland security secretary. >> reporter: as some families separated by the trump administration reunite this week we asked homeland security secretary alejandro mayorkas if they'd be given permanent status >> we are very much focused o

. >> all of these people are waiting for the bp. >> north carolina still hovering close to 70% without fuel. it will take several weeks to get things completely back to normal. >> reporter: durham county telling their employees to work from home. panic buying turnin dangerous in citrus county, florida. one person was hurt after this humvee caught fire. fire crews found four five-gallon gas containers in the back. today, we haven't seen the kind of panic buying we saw yesterday, but there are still issues. while this gas station has gas, take a look at this just across the street. zeros on that sign. no gas. and with memorial day weekend coming up, time is of the ses sense to get all stations up and running. >> though the colonial pipeline remains open, it may still be a headache, a chore, to find gas stations with fuel for the next one to two weeks. >> reporter: and david, on the issue of price gouging, the attorney general here in georgia is now investigating nearly 500 allegations related to price gouging. david? >> gio benitez back with us tonight. gio, thank you. >>> as i mentioned

holmes, or have this discussion on his 11 year after the bp deepwater explosion and oil spill.t action had a norma's financial, environmental and human costs at support to keep in mind that 11 people lost their lives. so, can you walk us through what has changed since then and have we in short insured that it won't happen again? i will follow-up on that is there more to be done? are we still working to ensure that? or do you feel confident we've come to full circle to make sure this ise not going happen again? >> thank you for ear question. i think what we continue to learn every day. part of my role is how can we do better tomorrow than we did today? and how can we continue to constantly learn? that's why customer safety exists we learn from catastrophes and disasters like the people in the incident that happened. and how can we face >> tells what happened what caused allll this damage? and what have you done from prevented from happening again? >> on that date to thousand 20th , 11 people tragically lost her life in the deepwater horizon was drilling a will or dealing with th

we see bp up more than 2%. we see a slight upside on oil prices.an market open. bloomberg surveillance is next. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >> a similar sized asset like tesla stock. >> what we are trying to do is uphold the international rules-based order that our countries have invested so much in. >> we are not out of the woods yet but i am glad to say we are now making real progress. announcer: this is bloomberg surveillance early edition with francine lacqua. francine: good morning and welcome to bloomberg surveillance: the early

and saying they were innocent, i called an attorney i personally knew, i said i'm the jail, i have bpe said, oh, caroll, not you. he is like, you have to know you are in this for the long haul. i didn't believe him. i said, no it will be fine. my kids would never say things like this. it will be okay. it is going to be okay. so what's going on? [dog] i'm a talking dog. the other issue. [dog] oh...i'm scratching like crazy. you've got some allergic itch with skin inflammation. apoquel can work on that itch in as little as 4 hours, whether it's a new or chronic problem. and apoquel's treated over 9 million dogs. [dog] nice. and... the talking dog thing? is it bothering you? no... itching like a dog is bothering me. until dogs can speak for themselves, you have to. when allergic itch is a problem, ask for apoquel. apoquel is for the control of itch associated with allergic dermatitis and the control of atopic dermatitis in dogs. do not use apoquel in dogs less than 12 months old or those with serious infections. apoquel may increase the chances of developing serious infections and may ca

and saying they were innocent, i called an attorney i personally knew, i said i'm the jail, i have bp, caroll, not you. he is like, you have to know you are in this for the long haul. i didn't believe him. i said, no it will be fine. my kids would never say things like this. it will be okay. it is going to be okay. [sfx: kids laughing] [sfx: bikes passing] [sfx: fire truck siren] onstar, we see them. okay. mother and child in vehicle. mother is unable to exit the vehicle. injuries are unknown. thank you, onstar. ♪ my son, is he okay? your son's fine. thank you. there was something in the road... it's okay. you're safe now. wealth is your first big investment. it's okay. worth is a partner to help share the load. wealth is saving a little extra. worth is knowing it's never too late to start - or too early. ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪ principal. for all it's worth. go with simparica trio it's triple protection made simple! simparica trio is the first and only monthly chewable that covers heartworm disease, ticks and fleas, round and hookworms. dogs get triple

. >> my first question, we have this discussion with the bp deepwater horizon explosion and oil still had financial human and environmental cost it's important to keep in mind 11 people lost their lives. can you walk us through what has changed since then do we ensure it will not happen again? and is there more to be done? or do you feel confident we have come full circle that this won't happen again? >> thank you for your question. part of my role is how can we do better tomorrow and how do we constantly learn? to learn from catastrophes and disasters from that deepwater incident and how can we continue? >> what happened? what caused all the damage and how do you prevent it from happening again? >> on that day april 20, 201011 people tragically lost their life when the deepwater horizon was drilling a well and they lost control from the pressure perspective and the well became uncontrollable. talking to people in industry before i took the position people talked about there are so many different things that went wrong that they could have prevented. >> lack of inspection or oversight

if you look at bp, we are seeing a bounce of 1% let's turn to wti and see how it traded we were up 1% cured some of the gains, but trading up .60% for brent and wti. the supply bottleneck had an impact on the market, but not super substantial. as for gasoline, this is the picture there. we are seeing quite the bounce up of 1.4% for gasoline today. the rehe mireminder, colon transports 45% of gas and fuel and oil. any disruption to the pipeline is having an impact on the commodities. julianna >>> the transport department issued an emergency declaration while the pipeline remains o offline. the government was doing all it can to resume supplies >> it is an all-hands on deck effort right now we are working closely with the company and state and local officials to, you know, make sure they get back up to normal operations >> joumanna, in terms of the impact of the pipeline coming offline, it seems to be unclear and dependent on how long the outage persists with the possibility that if the shutdown persists, we he could see shortages of fuel develop rapidly. this could hdevelop a problem w

the stage portugal, that many tournament to end the tournament that byron munich one of the bps g.uite small port to all at once. so, there are those anxieties as well and although it feels normal around the snatched experience, right below me is a covid—19 testing centre and a p0p is a covid—19 testing centre and a pop of covid—19 testing centre all around town as well for all of the fans to take their rapid natural flow tasks slick get back on those flights and take a pcr test when they get back home. they left going through these covid—19 hoops and they know they have to because they love their clubs but this is all a part of at the fence about to go through to get to this final that kicks off in under three hours�* time. kicks off in under three hours' time. a, ., i. ., �* kicks off in under three hours' time. ., ., �* , time. more from you later. i'll be there at the _ time. more from you later. i'll be there at the stadium _ time. more from you later. i'll be there at the stadium and - time. more from you later. i'll be there at the stadium and porto i time. more from you lat

rio tinto, bp group, i'm not sure it was the miss or the capex story but the market did not like it.t the top line level. lvmh back to above topline growth. burberry is not. it will also have to spend heavily. the market do not like the luxury names and numbers today. down for .2%. off its lows but still a tough day. alix: the margin guidance was disappointing. francesca di pasquantonio has a hold rating on burberry. what did you make of the disappointing margins and how long does it last, when you feel more confident? francesca: good afternoon. i think burberry's guidance was not so distance from consensus expectation. i think they had been [indiscernible] because of the uncertainty still surrounding the environment. now regions are out of lockdowns and the vaccinations are progressing at speed in the various regions. guy: francesca? let me jump in there. lvmh is back doing well. gucci, the numbers were doing well as well. why is burberry not able to take advantage of the environment lvmh is able to take advantage of, that kerring is able to take advantage of. it does seem like it i

in the bp the speaker behind wearing these masks, now they anybody in the chamber.eally just sends a message that america is on his back right now. did not exude strength and i think pedestrian delivery of itt obviously, is not the sharpest tool in the toolbox anymore. i think it was readily apparent. i thought it was really sad to be honest with you. jesse: 's he didn't him whisper talking. throughout the address and i would agree with that. all right governor, you been named as one of the leading contenders to secure the republican nomination. i know you're not going to makei a big announcement here on watters' world but you have to be flattered the people are putting you that high up in the conversation printed what is going to your mind as you kind of take the lead on a lot of these issues in 2021. desantis: that is the thing to say, this on anything that i'm thinking about or positioning kmyself and, i am to doing my jb here in florida i think the fact, we talked about big tech and we are also being able to crackdown on the influence of the communist party of c

interesting to compare and contrast bp. it is getting into everything.strategy will work. thursday u.s. bank ceos. this will be a big one. house hearings. we also have joe biden budget and infrastructure plan. very much looking forward to seeing how that story revolves. we have gdp data, claims thursday. friday we have the g7 finance ministers and central bankers meeting. that will be fascinating. pc as well. alix: and today, new york billionaire barry diller little island opens to the public. this is a huge deal for new york . this is a long time coming. we live in brooklyn and every single time we drive past my daughter has been like when willa open? -- when will it open? the answer is today. alix: it does look a bit like a theme park. to me is amazing you can basically build a park over the water in order to find space. in london every little village in london has its own park. that is how the villages are dominated. london is a big pile of villages aggregated together. that looks incredible. alix: it really does. it almost did not make it. that'll be

bp, chevron, total.nteresting to see if the company will change its projections and plans price over this first quarter. the risk is that they may put more barrels back on the market. how would that rally in oil translate for aramco? >> we have seen a quite strong recovery for oil throughout the first three months of the year. we had an interesting estimate by bloomberg intelligence, by our colleague. he put in a note that a 39% sequential increase in the oil pricing could result in an increase of -- for aramco. this is despite the opec-plus of court that limits oil production at around 8.1 million barrels per day in february and march. he highlights a very important point. the sale in the pipeline rights could also of course boost the company's financials for the whole year and generate excess free cash. another important point that was part of the announcement by the saudi government this year, they announced this major plan for local companies to just redirect dividends to major products in the kingdo

our questions and my first question is mister holmes, we're having this discussion 11 years after the bp water horizon explosion and oil spill red accident enormous environmental and human costs and it's important to keep in mind 11 people lost their lives . can you walk us through what has changed since then and how we can be sure that it will happen again and i'll follow up, is there more to be done? or do you feel confident that we have come to full circle and to make sure thisis not going to happen again ? >> i think we continue to learn every day. as part of my role, how can we do better than we did today and how can we continue to constantly learn and that's why the center for offshore safety exists. to be able to learn from catastrophes the deepwater incident that happened. >> help us cause all this damage and what is being done to prevent it from happening again? >> on april 20, 2010 11 people tragic lies with the was really well with the condo area and they lost control of it from a pressure perspective the well became uncontrollable. talking to people in the position when i was

we're hearing story bps the nine men who died and how heroic they were in their final moments. the sikh community in san jose is mourning the loss of their brother and hero, taptejdeep singh, one of the nine victims who lost his life saving his co-workers from the gunman. friends and family gathered yesterday to heal and call for change. "today in the bay's" >> reporter: taptejdeep singh's brother karman says he is proud of how his brother lived out the last moments. did you hear from your brother in those last moments? >> i wish i did but his focus was saving other people. he never called his family between the moments. nobody received a message from him. >> reporter: karman is comforted by his faith community like the one that gathered outside the sikh gudjara temple in san jose, the temple opened its doors for a memorial and welcomed victim's families, friends and those united in grief. jan janette janelle aguirre, sister of michael rudometkin, says the reality of their loss has not sunk in. >> never in my wildest dreams this would happen. i would never think this would happ

bps has conducted 254 high-speed chases.rive here along the southern border, you will see white vans. the border patrol vehicles. they practically are everywhere still but still not enough support. texas has operation lone star. they have about 1,000 members here. people working 12-hour shifts for 12 days straight. even with that extra help, charles, they say their days are still not slowing down. charles? >> charles: thanks, alex. mitch mcconnell today slamming the administration's handling over the border. >> the administration has tried to boast the number of unaccompanied kids in the department of the homeland security has gone down. it has. because they have transferred large numbers of kids from dhs to hhs. there's now more than 19,000 children in the custody of health and human services and hundreds more are arriving every single day. we know why this is happening. when washington democrats spent years reciting the montra of abe listened. >> charles: my next guest has been dealing with this crisis first hand. border p

money we've preferred european players because you have the energy zount discount and european discount bp crushed it few weeks ago. total. eqinor, shell. when we see gifts like this today we trim it a little bit. >> what happens when you unlock a door that's been locked for a year and let everyone out, if you believe the narratives that the arellano lines are telling us -- the airlines are telling us about the travel, and narrative of the car companies, chip short ages and extreme demand for auto, don't you also have to believe the energy story are they not necessarily connected? >> i'm not sure they're necessarily consec connected i don't have much energy ex exposure which is clearly the wrong positioning. i know guy and tim and nadine have for me i have not, it's another level of complexity you have the supply/demand pandemic of the monster recession, and then you had this opec saudi arabia element it to it, a time-seemingly illogical actor turns me off the space i did want to have reopening exposure to me is more retail, like, livenation, which is the ultimate reopening trade, so corre

this bp station running extremely low right now. availability. this exxon station, you see some lines over here, but they can only pump supreme grade gasoline. there's a liberty station over here that's dry. neither this shell nor this liberty station know when they're going to get their gas. all reflective of an entire region still grappling with this crisis. >> i've driven probably 30 miles trying to get it and running low. it's just one vp station has gas but it is running low. the shell next door is still bone dry. the frustration levels are consistent everywhere. >> yesterday we were looking for gas and we don't have many gas. >> colonial pipeline restarted its entire system which feeds the southeast. getting back to normal is a slow, excruciatinging process. >> every time i pull up the person in front of me, just ran out. >> reporter: gas shortages in the south western u.s. have eased slightly tonight. >> it has been really tough, i have been around 15 or 20 stations in d.c. and they did not have it. so i had to come all the w

we just had bob dudley to our board, the ceo of bp, and he was comparing the differences between coppertoday, the top 10 copper producers in 2021, top 10, the most recent discoveries was our mine in the late 1980's, and one other in the early 1980's. the most recent discovered was 50 years ago. so unlike the -- the last most recent discovered was 50 years ago area so unlike -- was 50 years ago. so unlike the shale, these mines are very rare to find. reminds -- newer mines that have the possibility of being developed are much lower quality in terms of their grades and locations. so it is hard to find another commodity that has the supply-side support that copper has. now we've got a new era of copper demand where we are not just relying on china's growth for new demand, but lots of things for growth outside china. guy: let's talk a little bit about substitution and demand destruction. if prices get too high, copper is great at conducting, but you can use aluminum as well. do you think if prices get much further than where they are now, we are going to see significant substitution? richar

mitch mcconnell has some personal animus towards democrats that ought not be bp we are one nation under, indivisible, with liberty and justice for all. let's operate like that. this republican party is losing its way on all fronts, and mitch mcconnell is contributing to that in a big way. >> so let's talk about efforts to work in a bipartisan way. republicans on state levels are trying to pass laws making it more difficult to vote in some aspects. deaths have a sweeping federal election reform proposal right now, but there aren't 50 votes for it let alone 60 needed to overcome a filibuster. are democrats considering shifting strattries, trying to pass perhaps a more narrowly focused bill such as the john lewis voting act in order to get something passed? >> you know, i'm a great believer in the lyndon johnson philosophy, half a law is better than no law at all. however, i think we must maintain dedication to making this country what it professes to be, and that is, to have a free and unfettered vote. we have already seen now 47 of the 50 states passing, not passing, but proposals variou

some of the big names, the companies that benefit from this reopening trade, but the energy names, bping similarly. so a similar narrative over here. europe doesn't have that tech story. it doesn't have that long duration risk that some of the u.s. markets do. alix: if you look at the s&p tack, the real underperformers are all the semis, which really goes to the story we were talking about with the taiwan exchange, having that huge selloff overnight. this can exacerbate any supply shortages we have. guy: that story has definitely rippled around the world, and that speaks to some of the leverage that may be in some of these sectors as well. but europe is interesting. listening to some of our conversations not just today, but over the last few days, bridgewater the latest to be talking about what is happening in europe, seen as potentially a better way to play this narrative, and certainly the data in europe looks like it is getting better and better. there's even a debate over here about what is happening with potentially an ecb taper. we will talk about all of that. william de vijlder

bp when there are larger numbers of asylum seekers at our southwest border. this proposal would create a humanitarian response team at the border staffed by volunteers who have been trained to rapidly respond to the border, to assist the supporting asylum seekers and accompanied children at the border. these humanitarian response teams would model impising disaster medical assistance teams, but would also include caseworkers, social workers, child welfare professionals. we believe these teams will reduce the time that individuals remain in custody and ensure that all migrants are aware of immigration coordinates and requirements and help with transportation and logistics. as they are reunited with family members, working within the hhs and oor process to create these teams. do you think this type of structure would be beneficial in assisting cbp in processing individuals at the border? >> you know, that's something i'd have to look at. i know we're looking at obviously -- thanks to the committee for humanitarian care center somewhere in south texas, but the h

it's also bp.rt decision, but policy saying that that company also needs to be cutting emissions. we are seeing oil companies facing this kind of pressure across europe. in the united states, there have been efforts to hold fossil fuels accountable -- sorry, fossil fuel companies accountable through a variety of ways. young people activists have been suing the federal government or trying to say the federal government isn't doing enough on climate change. there have been attorney generals taking up specific cases. one in new york, another one in massachusetts, trying to hold companies like exxon accountable for things like saying, we are really going to transition to new clean fuels when they are spending more advertising that policy than actually investing in the clean fuels in their company. there's a court strategy around this. i don't know if we will see as landmark decisions in the united states as we saw on wednesday with shell in the netherlands. this is a strategy that people are pursuing.

hsbc came out saying there was likely to bp issuance when it came to treasure -- ugly to be peek issuancee to treasuries -- likely to be peak -- likely to be peak issuance when it came to treasuries this year. how does that work with yields, versus allowing the fed to taper and reducing and some of these auctions? ian: i would argue that the bigger issues at play in the treasury market really are the macro outlook, not only domestically but globally. that said, on the margin, curtailing supply will be net positive for treasuries. it will limit how far 10-year gilts can backup. if we get above 2%, it will put a limit on how long we stay there. that said, the bigger numbers in terms of treasury issuance on the net issuance side are behind us, and if that was actually going to feed into the bond vigilante argument, we wouldn't be having a conversation right now with 10-year gilts at 1.65%. we would be having a conversation with tens closer to 2.5%. lisa: what would it take with respect to inflation data if that is the main metric that is going to drive yields from here? what would you have t

like this one they have some particularly helpful partners, a belgian shepherd, one member of the bp's unit and agents mounted on horseback, fast and durable in the mountains. after nearly an hour in the air ascending and descending the ridge loan at as low as 20,000 feet altitude and hours of painstaking searching by agents on the ground they find their target, seven men in telltale camo camouflage, single adults directed like soldiers to go all they can to avoid capture and come north. jim sciutto, cnn, in the air over the mexico-arizona border. >>> coming up on "cnn newsroom," antony blinken and sergei leaf rof will meet for the first time today. we will tell you what is expected to be on the agenda. that's next. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. our friends sold their policy to help pay for their medical bills and that g

our questions and my first question is mister holmes, we're having this discussion 11 years after the bp water horizon explosion and oil spill red accident enormous environmental and human costs and it's important to keep in mind 11 people lost their lives . can you walk us through what has changed since then and how we can be sure that it will happen again and i'll follow up, is there more to be done? or do you feel confident that we have come to full circle and to make sure thisis not going to happen again ? >> i think we continue to learn every day. as part of my role, how can we do better than we did today and how can we continue to constantly learn and that's why the center for offshore safety exists. to be able to learn from catastrophes the deepwater incident that happened. >> help us cause all this damage and what is being done to prevent it from happening again? >> on april 20, 2010 11 people tragic lies with the was really well with the condo area and they lost control of it from a pressure perspective the well became uncontrollable. talking to people in the position when i was

yes the 10 year is up 3 bps today but the 10 year we're talking about inflation that's supposed to be ripping your faceoff? we should have better gdp because we're restarting an economy that no one has ever seen restart before. look, keep that in mind. liz: [laughter] >> i mean, so -- liz: i love the image of ripping your faceoff and listen, i find it interesting, scott, that you're actually kind of thinking on the side of the federal reserve, but i know that our viewers and almost every ceo has come on here and said they are seeing some serious inflation, and these things don't turn around that quickly, so, you know, it's like the guy at the gas station, the guy with the stick he raises the price really quickly. takes forever for them to bring it back down, but either way, scott it's great to have you back on the show. sarge, always a pleasure. thanks guys our floor show traders. okay, so speaking of inflation, in just a few minutes, what we're going to do is head straight to a barbecue to find out just how much your memorial day party is going to cost you, compared to last year. sta

right now, kinder morgan is down and they pay really good dividends but we are watching the investors, bphu thank you very much. >> hugh heffner's playboy empire undergoing a magical transformation in the digital age, up next, ceo ben cohen is here to reveal the next bunny he plans to pull out of the playboy top hat. closing bell ringing in 29 minutes we've just hit a new high on the dow we're up 569 points, don't go away. did you know that geico's whole 15 minutes thing... that came from me. really. my first idea was “in one quarter of an hour, your savings will tower... over you. figuratively speaking." but that's not catchy, is it? that's not going to swim about in your brain. so i thought, what about... 15 minutes. 15 percent. serendipity. 15 minutes could save you 15% or more on car insurance. serendipity. living with metastatic breast cancer means being relentless. because every day matters. and having more of them is possible with verzenio. the only one of its kind proven to help you live significantly longer when taken with fulvestrant, regardless of menopause. verzenio + fulvestr

this one against the big oil companies exxon, shell, bp, for misleading the american public.ir practices to make them seem more ecofriendly. the industry has responded by saying it has no merit. do you think that lawsuit has merit? >> you know, i'll rely on the experts at the department of justice and those in the legal profession. but what i can say is we are really focused on the future and ensuring -- ensuring that these conversations, these promises, these incentives really do capture the emission reductions that we're all after. >> okay. i'm going to end on a different question, but one of the first things i read about you that was one of the reasons i wanted you to join us, and it's actually about your personal loss. you lost your son, your first son, at 14 months old. and that loss and that shared grief is something you share with president biden. and your child had a rare childhood cancer. i speak for all of us when we say we're so sorry. your colleagues have said that is what propels you in this fight now. are they right? >> they are absolutely right. i've always had

. >>> and big call on bp what

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we heard and bp chance throughout the arena several times, especially when staff had a couple of crucial one buckets. but once again, i just feel like we have to keep talking about the play of john morant. he's a star in this league and he is still only 21 years old. so he has a lot of potential. so it just really didn't fall the tubs way this game. that's how i feel. there was so much back and forth where one huge bucket was made in another huge, but it was made in each team was just answering the other one back every time it seemed like the warriors got some momentum going the grizzlies had an answer and they were shooting lights out. so it just was a tough one to lose in to end the season on. >> john morant. definitely one of the young stars of this league. hey, we got to see some good things from some of the warriors younger players down the stretch of the season. really good development from guys like jordan poole want us gone away. anderson. and steve kerr said that's one thing that's kind of made this season a success. how much are you looking forward to getting to see this group

so bp over exxon, for example. >> and just make sure they have some cash flow which many of these, toid not have for about ten years or it was debt fuel good discussion there, guys, on the colonial news. waiting for updates from them. >>> straight ahead, bullish calls on two consumer stocks that have both gone up 40% in a year we will debate if it is still too late to jump in and buy. >>> plus, may is asian-american and pacific islander heritage month. all month long we are spotlighting our cnbc contributors, business leaders and our own on-air anchors reporters and friends. here is our reporter friend ylan moi. >> i spent a lot of time as a kid trying to figure out american culture and i am so glad that the conversation is now shifting so that people want to understand more about our culture. my advice to the next generation is never to hide who you are or where you came from because those are the very things that will make you unique and indispensable in whatever work you choose to do never be afraid to speak up about who you are. ♪ i wish that i knew what i know now ♪ ♪ when i was