anthony: yeah, top three. >> pioneer, enron, anadarko.hony: if you had to pick a big oil, which is the best of the big oil? >> i'd probably pick chevron. anthony: chevron. >> but big oil, i don't know what they're going to do, i don't know what their future is. they now have turned their end decline on production, they have to acquire reserves, they probably aren't going to find it, and they missed the shale play. chevron is big in west texas. anthony: do you think any of the oil companies would cut their dividend near-term? >> it will be horrible if they do. i'd rather cut capex than i would -- but exxon is consistently buying their own stock. i would stop that and increase dividends. maria: what about is this a dividend play then, mark? do you agree with that? >> you know, honestly, when it comes to which individual energy stocks i would leave that to boone. i think that cutting capex is a good idea and returning more value to shareholders via, you know, buybacks and dividends is better, because why keep investing capex if the price is

anadarko off 6%. the move was in the underlying commodity stocks. dive into take a deep the bloomberg -- you can find all of the charts at the bottom of your screen. joe: i'm looking at some positive data. we have this negative market sentiment, but there was some positive economic data this morning in the isam data. screen,o lines on the this is the employment sub index and the manufacturing index, both ticking up this month, both hitting their highs of the year and we have this jobs report coming out on friday and four april, these surveys showed an these employment surveys, so hopefully that translates to some good news. at ar: i want to look longer term trend that might be in focus today. is what investors are prioritizing in terms of how companies use their cash. we are looking at why backs, dividends and companies. these are indexes that spend the most money and there has been an interesting shift here twice in the past year. the buybacks started off very strong here in 2014. they were outperforming the market until last year when things start

or maybe the anadarko? it is down from $114 to $49. if your stock doesn't get hurt on this kind of acquisition, and it may rally, i have to say what the heck are you waiting for? then there's the maker of all the arm and hammer products. i've always liked the company but i've disliked the stock because it sells so expensive. about 26 times earnings. here's a stock that was up more than $10. it could have been gotten by any trader or investor even if you had no qulat the takeover rumor was. or how about dick's? so the stock popped nearly 9%. why? first it reported a decent number. more important, hit the good fortune to be the sporting goods store that won in the duopoly war that was dick versus sports authority. sports thorpt shuttered its 450 doors today. lack of a buyer. urban outfitters said today, and i quote. simply put. america is overstored and overstocked. we have approximately ten times more retail space per capita than our european counter parts. you take out your competitors, you win. we learn from the feds that phil mickels

anadarko, murphy, dimon off-shore, also on that list. we have not seen as much of the decline. over the past couple of days. i looked at the groups in the s&p 500 -- the industry gives we look at typically throughout the course of the day, and all of the groups are up over the past two days, even utilities, which has been underperforming, at least for today. technology and financials, the best two performing groups, not a surprise -- that is what we have been talking about frequently. if the perception is the economy is strengthening, allowing the federal reserve to move higher interest rates, that would be good news for companies that are sensitive to the economy -- technology, financials, and health care, energy, and materials rounding out the top groups and their performance over the past couple of days. we will see what happens going into the holiday weekend. shery: julie, thank you so much for that. there is something interesting going on at fixed income trading desks. instead of institutions holding onto risky bets, they are turning to etf's. lisa abramowicz joins me now.

you look at something like anadarko, which is a fallen angel. the stock dropped about 25 points. this is a company that we started investing at $15 billion market cap and $15 billion of net debt. we found that very attractive. we felt alike company should be trading around 300 over. that's pretty much where it's gone back to. erik: 600 plus over. steve: edited up being about 25 points. it can be a lot of deterrents. we think in the fallen angel world that we barney had $100 billion of downgrade of investment-grade to below investment-grade, i think it's actually about 85. we think by the end of the year will be close to 200. we feel as if there is a healthy amount of additional supply coming in, with good total return opportunity. erik: mostly in energy? isve: the majoritysteve: energy, basic industry, oil, service. there are other companies who are being downgraded. but for the most part, it's energy-related. erik: steve, great to have you. david, that is steven tananbaum. bottom of the hour, we returned to los angeles with neil chriss. let's check on the bloomberg first word ne

. >>> and anadarko posts smaller loss.he lowest dividend shedding more than $1 billion in assets. >>> shares on ondeck capital set to open at record low after reported weak first quarter results. the company has guided 2016 revenue well below consensus saying it's selling fewer loans through on deck. >>> we got other stocks to watch. a jury in st. louis has ordered johnson and johnson to pay $55 million to a woman who claims ewing the company's talc powder caused her to get ovarian cancer. the company is facing 1200 lawsuits relatesed to this product. the company does plan to appeal. >>> community health systems first quarter results falling well short of forecasts. the hospital operator reporting a decline in admissions last week. community helped spin off several hospitals into a separate company. tenet health care spun into eye afirst quarter loss as legal costs hurt results and a rise inpatient admissions. the company is standing by its four-year earnings. >>> it's a lamb's day for economic data but we get the first gl

anadarko down 13%. devon, 10%. so you've got large cap type names that are trading at a very volatile capacity. a lot of uncertainty surrounding what the policy is going to be. mark down june 2nd on your calendar. that's the next opec meeting. a lot going on ahead of that. there's going to be a lot around that afterward. so i don't want to incur the risk staying long in the energy trade. same as 2015. got the easy money, take off the table. >> is this the beginning of the rollover after a nice run from the bottom? >> we found ourself once again in one of these ranges in terms of oil itself. joe brings up volatility, but i'll also point out the ovx, we were over 80 when you go back to february. here you are for the last couple of weeks chopping in the mid-40s for the ovx. oil itself is just kind of in this very tight range, but to joe's point, some of these other names, conocophillips, 48, now it's trading in the low 40s. >> you still in it? >> i'm in some calls and they'll probably go out worthless. i trimmed, trim

we are seeing stocks like schlumberger and anadarko pullback.arp selloff in other materials related companies, part of that due to a mammoth lawsuit being filed against the hp over the bursting of a dam in that country that led to the death of 19 people. we see the stock reacting there after we see weakness and commodities. surprise,ities, no are holding up. julie: that is the group that is the standout. some of the movers we are watching and utilities, natural are bucking the trend we have seen in energy and oil prices, up by better than 2%. a cooler out work -- cooler outlook. typically when bond yields go much of a decline but a little bit of a decline in that is the lowest level we have seen in a while. report comingment in weaker than estimated and services coming in better than estimated, so a lot of mixed data there. let's check in on the bloomberg first word news with mark crumpton live in the newsroom. john kasich is ending his bid for the white house. two people with the ohio governor's campaign tell bloomberg news john kasich will sus

just to mention we'll keep a look at the earnings from anadarko. >>> meantime it's the rye of the machines. robo advisers shaking up banking. some are embracing the technology, but others are a bit worried. last night on "6 0 minlt s kwts pandit gave his opinion. quote, a lot of what you're seeing in fintech is like what you're seeing with uber or airbnb. i mean you've seen the impact of technology on travel and industry. that's what pandit had to say. what's the threat of what you're seeing? >> well, in our research the customers are telling us that they really feel like the game is rigged against them, whajd we think this whole fintech discussion of-on-robo has opened up is the ability for transparency and making advice acceptable to the main street investor. but we believe in the hybrid approach. that come bun nation is what they're looking for. >> it's not just payments or savings apps. >> right. that would be like the automatic services. yvette, i wonder, if this perception is true as you say that this generation of investors doesn't necessarily have great trust in the old way of doin