exxon-mobil and royal dutch both considered a hostile takeover of b.p. in the end b.p. was able to survive the takeover attempts but it was forced to sell off at a loss tens of billions of dollars of its prime assets in order to raise the $20 billion for an escrow account that president obama required them to establish, and it was only by a narrow margin that b.p. was able too stay in business. and these kind of takeovers, hostile takeovers, and the devouring of companies we can expect much more of that. in my book i talk about mining companies that have one-by-one -- those that have acquired claims of useful minerals are being devoured by bigger and bigger firms. this is only one aspect of this race for what is left. but i fear even more the violent dimensions of the struggle. with fewer resources and greater demands i believe we can expect intensified struggles for contested territories and contested claims. and an example of this would be the growing struggles in the east and south china seas between china and its neighbors. clashes which have sometimes resulted in a

b.p. have been reports the move part of rules the strategy to boil seeing k. b.p. but oil and gas analyst alexander says that doesn't make sense. i don't think that actual current shareholders would like to sell its share for example look at b.p.'s self is responsible for more than twenty percent of its production reserves and revenues generated in the huge amount of cash every quarter but also one of shareholders sell to the share i don't know any comparable asset at the same price so they all get a huge cash flow probably from twenty billion to thirty five billion dollars for fifty percent stake in the company what would be the use of these cash. in a current market environment when you have a such an asset with a such characteristic or such a growth profile. i wouldn't say that anybody will want to change this as it's for anything. once again staged into the red on the dollar more euro news of course but the ruble finished loading in suppose the euro and greenback on tuesday and the price of gold the scene is worth since nine hundred ninety nine off the sliding

but first of all shareholders in the rushes joint venture with b.p. called t. and k. b.p. are planning to buy their british partners out or maybe change their shares for b.p. shares the c.e.o. of the russian partners in tin can b.p. a group called a says that basically the fifty fifty partnership has already lived through its course and this comes as friedman steps down resigns from his post as he had over the weekend signaling signs of increased tensions between the parties who are open to whatever makes the most strategic and commercial sense one thing. we're certain about is our shareholders want to remain. pretty. sure that we remain. holders of. majority shareholder controlling shareholder. or whether we become significant shareholder in b.p. something. rooted elsewhere. what one thing that's clear is that the fifty fifty arrangement has grown its course on its own to realign no structure. and also as burbank has said in two thousand and one percent from its operations abroad it is planning to bring this value to five percent over the next two years through internatio

on the russian shareholders in oil giant b.p. are considering a divorce with their british partners as the fifty fifty joint venture is no longer viable they say more on this the business of teams with its. on air and online twenty four seven this is with me rule research showing live in moscow julian assange now looks set to be extradited to sweden after britain supreme court dismissed his appeal or the wiki leaks founder has been under house arrest in the u.k. for more than five hundred days now he's wanted in sweden for questioning of a sex crime accusations which the whistleblower himself strongly denies. details from just outside the london courthouse. chilliness onj was a nazi in court today when judgment was possibly taking his appeal against that extradition to sweden but is not yet he's being granted a fourteen day extradition stay while his legal team try to get an appeal to reopen cases now that is a point on some of the points that were made in the judgment that they say they haven't had time to respond to say that's

lots of rules the strategy to boil to b.p. oil and gas analyst alexandra navarro says that does not make sense. i don't think that. current shareholders would like to sell its share for example look at b.p.'s self. responsible for more than twenty percent of its production reserves and revenues a generation a huge amount of cash every quarter but also one of shareholders will sell to b.p. share i don't know any comparable asset at the same price so they will get a huge cash pile probably from twenty to thirty five billion dollars for fifty percent stake in the company what would be the use of the cash. in a current market environment when you have such an asset with such characteristics as such a growth profile. i would say that anybody will want to change this as it's for anything. now the ruble if we can have a look at the currencies finally is retreating against both the euro and the greenback masel the euro itself is retreating a bit to the goal of all more but news from europe and europe today the news and interviews over

or whether we become significant shareholders in b.p. something that we're ready to discuss with our partners at b.p. but well one thing that's clear is that the fifty fifty arrangement has run its course and it's time to realign you know the truck short changed anything. why are they going to what's going on in the global markets and they are tumbling with a ten year yields on treasury bonds going down to the lowest level ever with the dow jones now declining a one point three percent of the day pretty much at the same value this is on the back of china of course announcing its g.d.p. will rose eight point two percent this year which is the slowest pace since one thousand nine hundred ninety according to a bloomberg survey over in europe these worries about the global economy also coupled with local worries of all local turning to global of course was a bond yields also rising and borrowing in spain going up but greece in its latest referendum is apparently said it's not content with. with the conditions of recent bailout and forty and

b.p.'s joint joint venture with. the billionaire poor governance on the british side we'll have more in business at around twenty past. all that still to come but first the kaspersky lab russia's internet security company called it the worst cyber attack in history the un said the flame virus was the most serious cyber warning ever. has details on an internet assault that swept through the middle east . experts that russian internet security firm cusp are sure that this is a very complex internet virus the most complex ever they say the highest number of infected computers in iran but israel syria and other countries across the middle east have also been attacked flame can make use of the computers webcams it's keyboard it's microphones and other things in order to grab data package it up and send it back to its controllers and it's this complexity found the targets that have been hit that have convinced because this is a state backed cyber attack and a very well organized operation we sus

and rules and if claiming it violates existing agreements b.p. have been reports the moves pulled out of roles in a strategy to boil the british firm but oil and gas analyst alexander has of told us he doesn't agree. i don't think that actual current shareholders would like to sell its share for example look at b.p.'s self. responsible for more than twenty percent of its production reserves and revenues generated in the huge amount of cash every quarter but also want to shareholders sell to the share i don't know any comparable asset at the same price so they will get a huge cash probably from twenty to thirty five billion dollars for fifty percent stake in the company what would be the use of these cash. in a current market environment when you have such an asset with such characteristic is such a growth profile. i would say that anybody will want to change these assets for anything. let's check how currencies are reacting the euro's once again into the red against the wall on that bad eurozone news but the ruble finished law as well against bot

b.p. shares for stake in british petroleum. and russia and china want to set up a joint venture to build new airplanes based on russia's aircraft moscow will provide the know how and technology and beijing to catch the project this worth between seven and twelve billion dollars with an estimated seven years to produce the first plane that may challenge boeing and air bus business archie caught up with the head of boeing international who said russia has a huge market potential. we see russia's growth its economic growth as a huge benefit to an enabler of aviation growth within russia and so the market there as we see it is over a thousand aircraft to russian airlines in the next twenty years valued at over one hundred ten billion dollars. and that's all latest from the business desk i'll be back in about fifty five minutes time so you've got all right that's thank you thanks very much indeed for bringing us this update from the world of business of course there is plenty more coming your way here on r t before that though the h

and ke b.p.iedman is one of our shows the richest people with assets in banking a retail and telecom sector. and while some people are losing jobs others are apparently getting them looks like the russian job market became more attractive for high skilled foreigners last year the country's top recruitment services have hundreds says the number of job applications by ex-pats of rules by eleven percent most of the applicants are native english speakers and they're looking for positions in the oil and gas or the banking sectors analysts say russia's growing economy looks like more of a promising destination in light of all the financial problems across the globe and of course russia's financial stability really depends on the price of oil so that naturally moves us to the current situation there on the oil market and as you can see oil is gaining and despite the fact that you are stockpiles reached at twenty two month high we still see gaining oil and told the latest from the business desk i'll be b

b.p. shares for stake in british petroleum. russia and china want to set up a joint venture to build new airplanes based on russia's aircraft moscow will provide the know how and technology beijing they count the project is worth between seven and twelve billion dollars with an estimated seven years to produce the first plane business r.t. caught up with a head of boeing international who said russia has a huge market potential. we see russia's growth its economic growth as a huge benefit to an enabler of aviation growth within russia and so the market there as we see it is over a thousand aircraft to russian airlines in the next twenty years valued at over one hundred ten billion dollars. that's the latest from the business desk you can always find more to our team dot com slash business but i'll see you back here in fifty five minutes so if we're looking for a place to touch. back in the headlines in just a moment. right before we speak about the fiscal treaty that this new austerity pact is it all about solving the eurozone

current shareholders would like to sell its share for example look at b.p.'s self think a b.p. is responsible for more than twenty percent of its production reserves and revenues a generation a huge amount of cash every quarter but also one of shareholders will sell to the share i don't know any particular comparable asset at the same price so they will get a huge cash pile probably from twenty billion to thirty five billion dollars for fifty percent stake in the company what would be the use of these cash. in a current market environment when you have a such an asset with a such characteristic is such a growth profile. i wouldn't say that anybody would want to change this as it's for anything. talking of all we're going to check out the prices right now see how they're faring as a positive sentiments coming out of the biggest consumer of oil coming out later on today is not helping boost the prices but for the for that just down ever so just like fraction this stuff would give us the exchange rates for those globe trotters up but we'll see that the euro dollar is losing just e

b.p.anaged to recover after trading in the red most of the day on the news that it's sealed the whole friedman resigned on monday a bit more on that resignation the c.e.o. and chairman of. men has resigned from both positions without providing any reasons behind the move he was one of our shows owners who blog to the arctic deal between rosneft and b.p. claim it was violating the existing agreements of t.n.t. b.p. freed. and as one of our richest people he has assets in banking retail and telecoms but to while some people lose jobs other people actually get them russia's job market became more attractive for highly skilled foreigners last year the country's top recruitment service headhunters says the number of applicant ex-pats rose by eleven percent most of the applicants are native english speakers looking for positions in the oil and gas or the banking sectors analysts say versus a growing economy looks like a more promising more destination considering all the financial problems acros

of b.p. and this is basically a sign of tension between the two sides who are open to whatever firm makes the most strategic and commercial firms one thing for. certain about it. want to remain. pretty. sure that we remain. holders of. maturity shareholders and controlling shareholder. or whether we become significant shareholder. bumping. rude that's. what we want to go through this if your enjoyment of course and it's going to be on your. move over to the stock markets and we start with the u.s. where ten year bonds have seen the yields go to the lowest of all time whereas the stock market is down usually going in different directions with the bond markets down one point three percent this is on growing concern about what's happening in europe where the markets of also decline around one point eight percent in wednesday's session that's on renewed concerns about the state of the financial sector notably in spain where bond yields have been going up and therefore borrowing costs have been go

i don't think that actual current shareholders would like to sell its share for example look at b.p.'s self. is responsible for more than twenty percent of its production reserves and revenues a generation a huge amount of cash every quarter but also one of shareholders will sell to b.p. share i don't know any comparable asset at the same price so they will get a huge cash pile probably from twenty billion to thirty five billion dollars for fifty percent stake in the company what would be the use of these cash. in a current market environment when you have a such an asset with a such characteristic is such a growth profile. i wouldn't say that anybody will want to change these assets for anything. that brings us on to the oil prices you can see right there on your screen they are indeed gaining i did mention the positive sentiments coming out of the u.s. later on today to do with the confidence in the housing stock so hoping to boost the momentum a later on for the oil market moving almost check out the exchange rates for the ruble. of the euro though is gaining once again one twenty

i don't think that actual current shareholders would like to sell its share for example look at b.p.'s self is responsible for more than twenty percent of its production reserves and revenues a generating a huge amount of cash every quarter but also one of shareholders sell to b.p. share i don't know any particular comparable asset at the same price so they will get a huge cash pile probably from twenty billion to thirty five billion dollars for fifty percent stake in the company what would be the use of the cash. in a current market environment when you have a such an asset with a such characteristic or such a growth profile. i wouldn't say that anybody will want to change this as for anything i could have a look at those oil prices and while we're on the topic and they are indeed makes that is ours you can see we've got the brand just dropped into negative territory this fall it's me from. i wanted to mention that the i boxed in by is actually dropping i can see that this is a part chart. one point six percent and have a negative territory this is the only both in the european regio

or whether we become significant shareholder in b.p. or something. rude elsewhere. what one thing that's clear is that the fifty fifty arrangement has grown its course and it's going to realign. if you . rather secular what's going on on the global financial markets this hour and it's all about selling yet again with the dow jones and nasdaq declining more than one per cent on concerns about both what's going on in europe and in china which has said that its economy would grow at eight point two percent and the stimulus would be smaller than in two thousand and eight in europe of course this is coupled with the fact that spanish bond yields are yet again growing making borrowing for the country more expensive and greece apparently according to a recent referendum not happy with the bailout terms yet again and this is making investors worried about the state of demand in the oil markets and oil is declining almost three dollars per barrel for light sweet more than that in brant and that's also coupled with pretty high inventories in the united states and the falling

executive resigns we call friedman look the deal between rival claim you exclusivity agreements with b.p. there have been reports the move is part of rules and strategy to boil the rosso british joint venture but alexander this offer gazprom doesn't agree i don't think that actual car insurance would like to sell its share for example look at b.p.'s self. responsible for more than twenty percent of its production reserves and revenues a generation a huge amount of cash every quarter but also one of shareholders sell to the share i don't know any comparable asset at the same price so they all get a huge cash probably from twenty to thirty five billion dollars for fifty percent stake in the company what would be the use of these cash. in a current market environment when you have such an asset with such characteristics as such a growth profile. i would say that anybody will want to change this as this for anything and they're up to the most stories always on a website called left which. the . there hasn't been anything good on t.v. . it is to get the maximum political impact. before the so

i don't think that actual current shareholders would like to sell its share for example look at b.p.'s self. responsible for more than twenty percent of its production reserves and revenues generated in the huge amount of. every quarter but also one of shareholders will sell to the share i don't know any comparable asset at the same price so they will get a huge cash probably from twenty to thirty five billion dollars for fifty percent stake in the company what would be the use of these cash. in a current market environment when you have a such an asset with a such characteristic is such a growth profile. i would say that anybody will want to change these assets for anything. currencies finally viewers just changed into the plaque on the dollar but the ruble is lower against. the greenback in the last of trade here or most. news the price of gold meanwhile has seen its worst slump this century off the slugging for a fourth month in a row down smith this down the chart the bank explains. the last few months have been some minute demand for gold is paying pretty soft and explain the wea

and gave b.p.anaged to rebalance after a loss to value on the news that we three minutes c handed in his resignation a bit more on the c.e.o. and at the same time chairman of the russian british joint. sure friedman has resigned from both positions without providing any reasons behind the move he was one of our show's cool owners who blocked the arc to deal between ross nafta and b.p. claiming it was violating the existing remit of t. and pete freeman is one of russia's richest people he has assets in banking a retail and telecoms and the one person is losses in other person's gain it looks like the russian job market became more attractive for highly skilled foreigners last year the country's top recruitment service headhunter says in the number of applicants ex-pats rose by eleven percent and most of them are native english speakers looking for positions in the oil and gas or the banking sectors analysts say russia's growing economy looks like a more promising more just a nation in light of all t

officials say the regulation put in place since the b.p.ll two years ago have driven up the cost and caused lengthy delays in permitting and drilling. >> the administration and the agencies responded to the situation here in the gulf. have done so and nut place the regulation that are well intended. but the problem i'm hearing is there a s a lot of delay, a lot of bureaucratic complication in the permitting process. majority leader believes he has a winning argument come november because of the spike in gas prices earlier in year. they have dropped 26 cents per gallon from the peak of $3.94. the obama administration argues since the moratorium following the gulf spill, production is back to prespill levels. permitted the drilling operation, 61 in deep water. environmental groups here in the gulf are not happy with mr. obama and they are blasting the republicans for their call for less regulation, two years after nearly 5 million-barrels of oil spilled de stating the region. >> the fact that a delegation can go on a tour of oil rigs, as if d

b.p. oil spill in the gulf, i asked aubrey mcclendon about the safety of fracking. what would happen if you go down to dig for shale, and you have an explosion, and you destroy a whole part of the country? >> it cannot happen, okay? >> it cannot happen? why do you say that? >> well, because we're not a mile underneath the surface of the ocean, and if something were to get away-- and there are incidents where wells have loss of control-- you can go--you can go fix it. >> an underground explosion is impossible because there's no oxygen or anything to ignite a blast, but as you can see from these pictures chesapeake took of their operations, drilling is now a fact of life near homes and farms, and the industry has racked up thousands of accidents and safety violations above ground. this really is your backyard. oh, look at this. what happened in tim and christine ruggiero's backyard is happening more and more. they moved to this pastoral 10-acre ranch in decatur, texas, in 2004 to raise their

the world the fear mongering used by politicians who makes decisions to break through that sort of b.p. had made who can you trust no one who is you with the global machinery to see where we had a state controlled capital as it's called sessions when no. but he dares to ask we do our t.v. question more. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you sure see some other part of it and realize that everything you saw in your . heart is a big. story . but in the alone and so you'll get the real headlines with none of them are the problem with the mainstream media today is that they're completely disconnected from the viewers and for what actually matters to those viewers and so that's why young people just don't watch t.v. anymore if they want news they go online and read it but we're trying to take those stories that people actually care about and transfer them back to t.v. . welcome back so we we had a hearing on the hill today and it was a good reminder about this because we always hear dog frank reform was passed

ongoing shareholder disputes in the company the russian side earlier said that it was a ready to buy out b.p.'s stake in the company or swap its k.b.p.s. shares for stake in british petroleum and to russia and china are setting up a joint venture to build new passenger airplanes based on russia's evolution aircraft will provide the know how and the technology and beijing that catch the project is worth between seven and twelve billion dollars with an estimated seven years to produce the first plane business archie caught up with the head of boeing international who said russia has a huge market potential. we see russia's growth its economic growth as a huge benefit to an enabler of aviation growth within russia and so the market there as we see it is over a thousand aircraft two russian airlines in the next twenty years valued at over one hundred ten billion dollars. that's alas from the business desk my colleague mitri medvedev bring all the latest in less than an hour current are so many thanks indeed. headlines in a moment but do stay with us because after the headlines it's over to max k

b.p. is actually down in its first quarter net profit disappointed investors the crash of the sukhoi superjet one hundred and indonesia has really dampened russians who of because. a major player on the global aircraft market it's the most significant new plane from the country's aircraft maker for two decades the company spent a total of one billion dollars on it the jets producers seem to sell eight hundred units by two thousand and twenty nine eight and take about fifteen percent of the global regional jet market they still hope the accident will not affect sales but analysts say potential clients will wait certainly wait for the results of an investigation today there are eight super jets in service worldwide most of them are used by russia's air flight to its ruling out at the moment of the grounding of its three. and that's the latest from the business desk rory i'll be back with an update in about fifteen minutes thanks for much about looking forward to. what will do so with us if y

b.p. may get a third shareholder the company's co owner and former c.e.o. freedman told congress on daily that he sees it as a viable option amid the ongoing shareholder dispute in the company earlier the russian side said it's ready to buy out stake in the company or swap its. shares for stake in british petroleum and to russia china want to set up a joint venture to build new airplanes based on russia's aircraft moscow will provide the know how and the technology while beijing will put in the cash the project is worth between seven and twelve billion dollars we have estimated seven years to produce the first plane business archie caught up with the head of boeing international who said russia has a huge market potential we see russia's growth its economic growth as a huge benefit to an enabler of aviation growth within russia and so the market there as we see it is over a thousand aircraft to russian airlines in the next twenty years valued at over one hundred ten billion dollars. that's it for me at this hour but do you find more stories are to dot com s

monday he was one of the company's shareholders who blocked the arctic deal between a ross nafta and b.pclaiming that it was violating the existing agreements of t. and k b p c even as one of our richest people with assets in banking a retail and telecom sectors and remove those resigning other people of finding jobs and russia it looks like the russian job market became more attractive for high skilled foreigners last year the country's top recruitment service had hundreds says the number of job applications by ex-pats rules by eleven percent most of the applicants are native english speakers looking for positions in the oil and gas and the banking sectors analysts say russia's growing economy looks like a promising workplace certainly compared to all the financial problems across the globe and now on to the oil market which obviously is one of the pillars of the russians the ability and at the moment is doing quite well all of these positive news the really driving while higher and that's all i have for you this hour i'll be back in about fifteen minutes i'll see if i could very much w

increase in net for the first four months of the year by russian accounting standards are also british b.p. is down its first quarter and that was down year on year and drop today were more stories on the website dot com slash business stuff and you'll see you next hour. well you stay with us here on our t.v. i will be coming back in a moment with the headlines in a while stay with the euro crisis an introspective look at where it's really going could it be going down the toilet. sigrid lumber a jury in the kirby was able to build a new its most sophisticated which doesn't give a darn about anything. to teach creation why it should care about humans in. this is why you should care only dot com. it's from phones to. start on t.v. don't come. back for more. headlines now dozens are killed hundreds injured in the syrian capital by a pair of bomb blasts with damascus on the rebels all but blaming each other for the attacks won't rule out the bombings by foreign forces in order to destabilize syria undermine the u.n. observer mission. only a few hundred metres separate rescue teams from the cra

plundering all the profits will be leaving the country as well these western oil companies these are b.p. chevron dutch shell they're not based in iraq and most of the profits will be leaving the country so the iraqi people are really going to benefit from having western oil companies in there in their country this is the reason they were pushed out in the sixty's in the seventy's and they've been trying to get back in for the last few decades it's only since the illegal war in the illegal occupation of iraq . the worst of all companies have been rubbing their hands with glee knowing that they'll be awarded all these can contracts but even developed economies do rely on foreign investment but you'll see that iraq definitely the people will not benefit from this the interest from western oil companies. there may be a few even the the oil workers themselves most of them actually left the country during the occupation during the war so the all workers that there are there and the security service is there protecting the all workers of all westerners at the moment there's very few iraqi oil

another massey mine disaster like the one that killed thirty eight workers or would prevent another b.p. oil rig explosion like the one that killed eleven. with the so-called reins act corporate shill republicans want veto power over any new workplace regulations proposed by this president or any president and with the so-called regulatory accountability act decades all the way back to nixon decades of safety regulations would be undone by these tea partiers and future regulations would be justified by how much they would cost corporations rather than how many lives they would protect a century of victories for workplace safety are being up ended right in front of us today just as thousands of americans die on the job because of this or because of the job every day in this nation and that's why mother jones is a message to pray for the dead and fight like hell for the living is so important on this weekend's workers memorial day workers built this country and they deserve safety in the workplace. in the best of the rest of the news nuclear regulatory commission chairman gregory yachts c

you you know his changeup is about 90 to 91, so that would be sort of his b.p.ast ball halfway in between. you face a guy with a 90-mile-per-hour changeup? >> no, when you watch strasberg with that 90-mile-per-hour changeup to chipper jones and chipper said, come on, really you? are throwing 90-mile-per-hour changeups? because of the differential of almost 10 miles per hour. >> strasberg's 90 rea moves like a changeup. it's a little bit scary. he will pitch here tomorrow. justin verlander has that thyme same type as well. >> 3-2 pitch. rodriguez, throw its right back xavier avery. >> that's an outstanding job right there. you fall behind and you come all the way back and finish with a punch in the middle of the strike zone. some of nfl's biggest stars, scheduled to appear. check out the latest happenings at mlb fan cave dot-com. you can like the mlb fan cave on facebook. nick johnson was a very popular player here in washington, came from the expos, where he was aft injured. he was here from 2005 to july 31 of '09 when he was traded to florida. we see some expos

you you know his changeup is about 90 to 91, so that would be sort of his b.p.ast ball halfway in between. you face a guy with a 90-mile-per-hour changeup? >> no, when you watch strasberg with that 90-mile-per-hour changeup to chipper jones and chipper said, come on, really you? are throwing 90-mile-per-hour changeups? because of the differential of almost 10 miles per hour. >> strasberg's 90 really moves like a changeup. it's a little bit scary. he will pitch here tomorrow. justin verlander has that thyme same type as well. >> 3-2 pitch. rodriguez, throw its right back xavier avery. >> that's an outstanding job right there. you fall behind and you come all the way back and finish with a punch in the middle of the strike zone. some of nfl's biggest stars, scheduled to appear. check out the latest happenings at mlb fan cave dot-com. you can like the mlb fan cave on facebook. nick johnson was a very popular player here in washington, came from the expos, where he was aft injured. he was here from 2005 to july 31 of '09 when he was traded to florida. we see some ex

it's like the green movement with the b.p. spill. >> the anti-vietnam war movement was millions and tens of millions of people. it was not your occupy wall street. it was huge. it did start with some people who were off campuses. and by the time it finally reached its fulfillment, it was people from the suburbs whose kids were getting killed in a disgraceful war that was built on a lie. >> i think you can disagee with the war. but i do think you can't disagree with the way our troops were treated by some people and i think obama did the right thing and it wasn't just the people who spit on our troops. it's hollywood that said vietnam vets are crazy, platoon, taxi driver, robert de niro is crazy and some psycho. the constructs put in flays by fonda, by oliver stone, they've hurt our veterans. interesting on the politics of this particular speech yesterday, as i read it, that sentence that we -- that the soundbite that we used you could have taken that out of the speech and the speech still hung together. so i don't know how oft

exxon, b.p., chevron among those getting hit. tillies is bucking the trend.soared on its first day of trading. linkedin soared on earnings. the ceo told squawk on the street job postings on that site are soaring as well. the dow is not. it is sinking on the back of that jobs report. in terms of the dow jones industrial average we were down about 160 points just a few moments ago. volume to the downside is picking up on the trading session. bob talked about the etfs. let's look at the etfs that are short this market. if you picked those, you're doing pretty well today. perhaps a little bright spot. we're back in two minutes time. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ >>> let's get you up to date on the markets. intraday the dow jones industrial average which was down almost 180 points a short while ago has paired its lo

meantime, b.p. expecting a better than expected.cost from the oil spill are weighing on production. take a look at shares. down about 2.5% to 42.43. >>> meantime, pf chang is going private. that is a 30% premium over pf chang's closing price. the stock is soaring on that news up by almost 30%. >> meanwhile, general motors april sales, autosales just hitting the tape. they're down 8.2%. that looks slightly worse than estimates. >> good morning, i'm joined by don johnson. i'm looking at these numbers. i know you guys are going to point out there's fewer selling days. but it looks like one of those months, it was tough for the consumer to match the level of exuberance we've seen over the last couple of months, correct? >> yeah, i mean, the trend for the industry overall is going to be fairly similar to march. a little bit weaker than what we saw in february. but still pretty good when we look at our outlook for all of 2012, fairly consistent. >> in fact, you're raising your guidance for full-year industry sale from 14 to 14.5 million.

president, we've had a rough time, particularly following the the b.p. disaster. first there was the environmental disaster which was a real shock to our system and our ecology, but second, and even perhaps more lasting impact, there was the economic hit that was magnified enormously when the obama administration in my opinion overreacted and instituted a full-blown moratorium on production -- drilling, rather, in the gulf of mexico. now, that formal moratorium was ended in late 2010, but a de facto moratorium continued for many months and even now there is a real permit logjam that has permitting at a much lower pace than before the b.p. disaster. this is a broader problem because at least off the coast of louisiana we are producing some energy. in many, many other places of the country where we have an abundance of energy we're not allowed to get it because this federal government particularly under this obama administration puts well over 90% of our domestic resources off limits. in the midst of everything that was going on in the gulf, in the midst of that mor

we are just a little bit more than two years removed from the b.p.than -- almost 5 million barrels of oil into the gulf of mexico. killed scores of animals and impacted lots and lots of people who are in the fishing industry and also killed 11 workers. they say that these congressmen will get only half the story, that half of the oil industry wants them to hear and then there's the obama administration which is defending itself saying that oil production in the gulf of mexico is back to prespill levels and will go a lot higher because they have been giving out permits like crazy. 400 that they say in their term in the administration. they say 61 of them have been for deep water drilling. so two different versions of how we're exploring for energy in america. two different versions that we'll hear heading into the november election. no doubt about that. dave, alisyn, back to you. >> yes, there always are two sides to these stories. in fact, very cool assignment for you. we'll check back in with you. we want to give you your headlines now. we have this

so much so, get this -- so much so that the oil industry, chevron, exxon, b.p., all of the rest were exporting 28 million gallons of gasoline a day. and at the same time they were exporting, they driving the price up towards $5 a gallon. what's this all about? you are telling me we have a shortage? if we have a shortage, why are you exporting? from the information we have been able to obtain, it appears that this export continues to this day, 28 million gallons a day at the same time the industry is saying we are in short supply. they are creating it to the deficit and to the harm of the american traveling public, who has to buy that gasoline. now, one other thing and check me on this, i was trying to recall all of the information this morning, that in the last quarter of 2011 and the first quarter of this year, the united states for the first time -- help me here -- 60 years, was a net exporter of oil, a net exporter. we had achieved energy independence. we were exporting more than we were importing for the last quarter of last year and the first quarter of this year. i don't know i