my name is jose gurrola and i am the mayor of the city of arvin.can't deny the fact that living and being next to an oil and gas operations, that it emits emissions, and that those emissions can cause harm to health, and fossil fuel extraction and production and consumption is a big part of the pollution here in the valley and worldwide. agriculture is the base economy here in the city of arvin. now it's primarily a hispanic community. over 95%. it is a very young city. surprisingly, over 60% of the population is under the age of 30. and so, when you look at my age and you look at other young people on the city council, you realize that we're actually very representative of the city as a whole. all right. see you guys later. essentially, what the oil and gas dinance that we adopted is, it createa setback, and what that means is no new oil development can occur within 300 feet of sensitive uses--homes, schools, parks, hospitals. my position was not to stick it to oil workers or because i'm against the oil industry. it's because i want to protect the

libertarian national committee arvin for a former pennsylvania state senator bruce marks thank you all thank you. europe is moving closer to introducing controversial vaccine passports with greece and italy saying the scheme could provide a way out of the current restrictions some other european union member states do not agree however as peter over explained. as the e.u. looks to present a united front when it comes to the fight against covert 191 measure we could well see coming in sooner rather than later of backseat passports as more people are vaccinated the documentation in mutual recognition or vaccination become of up most important though it is premature to envisage the use of vaccines it if it gets for other purposes than health protection and a your approach may facilitate other cross border applications of such that if it gets in the future the idea certainly isn't to everyone's taste but the loss of another summer season would be unthinkable for nations whose tourism industries of already being ravaged by coronavirus so covert passports may be the only way to go greece isn

. >> so this is, you know, relatively new ceo, arvin chrishna taking the helm he does come from the cloud ibm have to do to get investors excited about the particular company and its portfolio of offerings again, is it more in that push towards cloud? we know how well it's done for other companies like microsoft and of course amazon >> yeah, that is and i mean, arvin is on the right focus areas. he's extremely focused on returning ibm to revenue growth. he's very focused on revitalizing free cash flow because as revenues decline, you know, free cash flow declines often even worse because there's a lot of restructuring involved, and they need that free cash flow to make these investments, but, yeah, they're very focused now on hybrid cloud, that's with the redhead acquisition they made a couple of years ago they're trying to pivot ibm to being very focused on hybrid cloud, which is this concept for very large enterprises where some of your i.t. is still run in house from your data centers while some of it might be run out on a public cloud, and ibm wants to be that fabric, red hat's got a

to provide guidance during the pandemic and just had its own ceo transition, not too long ago and arvinr ago now negative revenue growth is expected to continue into this quarter and some questions about what we should make of ibm's difficulty growing that,, there, guys on this spin-off of the infrastructure services business and how that's going and also interesting, gary cohn coming in in the past few weeks as vice chairman >> yeah, john, i feel like we've been asking the same questions about ibm for years and we continue to see the declining revenue growth although we've seen a few blips along the way the spin-off news will be big, carl and any of the layoffs wondering if that will happen and whether that's good or bad for the markets and the number that i always watch for ibm, carl is capex to see if they're spending again because their capex spending has been so far below some of the tech cloud peers. >> yeah. and buybacks, too, because some of the skeptics continue to argue that ibm remains very much an accounting story. >> finally, guys, we talked about gm leading the s&p so far

the big move coming nine months after the firm hit the refresh button on its c-suite appointing arvinshna to take the reins. shares lagging long-term as big blue works to refocus on cloud computing. okay. what do you have to lose? come on the show. things don't look so good. maybe, you know, maybe come on and give our viewers the respect they deserve. all right. >>> as vaccine -- i'm having a moment mere. all right. vaccine distribution seems to be going very slowly here. wall street firms are re-evaluating now when they can bring employees back to the office en masse. charlie gasparino with details on new timelines that are apparently being discussed behind closed doors. charlie? charlie: yeah, these timelines have always been rather in flux. a lot of wall street and big banks thought they would have most of the work force in by now. obviously that's not the case, as we have gotten what's tantamount to a second wave. then the timeline shifted to return most of the workers, maybe the second quarter of this year, first or second quarter of this year. now that timeline looks to be slipp

arvin christian is terrific, he's got a clear vision, but that, you can't have these kinds of quarters your company is going to attract institutional investors. it's just not. it's not >> we mentioned goldman initiating a bunch of cloud service, jim, they are buys on microsoft, salesforce, splunk and now. sales on oracle and autodesk, trying to separate the wheat from the chaff. >> yes that was pretty good company that was faint praise. oracle, tiktok, tiktok, walmart was praised because of its tiktok relationship this morning, in a very big piece, by jeffries but look, i think salesforce has been, well, it's just been biding its time. why? because it's buying slack. a lot of people don't like that. amd by the way biding its time because it is buying xilinx. a lot of people don't like that. nvidia buying its home because it is trying to buy armed holdings because a deal i think has very little likelihood of -- >> you think very little i have great insight there is certainly a good deal of concern that the chinese anti-trust regulator samr, samr, will not allow that deal to happen. >> j

do you say it's under valued do you want to bet on arvin and his ability to pivot this company in the a spinout coming later this year. >> yup >> right now it's a prove me story. in cloud you look at a microsoft, that continues to be the best bet dell with the golden touch i think what we're seeing next week that's why stocks are cheap but cheap is not necessarily what's moving the needle. i think that's going to be the focus going forward as they sort of prove out the cloud strategy, but you've got stalwarts, g google, gcp coming from behind oracle it's a crowded market. >> what's a fair value for this company? >> i think right now this continues to sort of being, you know, i think a stock that to me is pretty fairly valued relative to the overall market and i think unless they show that they can grow, the market's not going to pay up. market is paying out for growth not enks and they're on the outside looking in >> okay. let's shift real quick to intel because the company posted record annual sales i should say but one of the big issues here is that the incoming ceo said intel is go