baker hughes gets 1/3. senior positions, the chairmanship and the ceo position and baker hughes gets the vice chairmanship. but it should be noted that baker hughes shareholders get a whopping great cash payout as well. a one-off special dividend, $7.5 billion. if you look to the shares this morning in premarket trading, at the moment, it looks like the baker hughes shareholders are much happier than ge shareholders. >> what is going on? i mean, i would think that an election would make people slow down, be concerned, a little worried, but it doesn't seem like that had any impact at all. >> i think the election would have mattered if equity prices had been more volatile. one of this things about the last quarter or so is that it has been incredibly stable equity prices, at least for very large companies. and a lot of these big deals typically involve some equity. but the fundamental factors -- you know, they are very strong. low growth, which is bad for most things, but good for m&a, because that's how you

/baker hughes, and i still think it's going to happen. i think the stock is a very strong buy., particularly because oil is not about to plummet. finally @real welcome mat tweets, @jimcramer, you're right. @david faber does look like pena. okay. we're obviously talking about narcos. i mention thds to david faber this morning and you know what he said to me? he said, yeah, you know what? there's some resemblance. what can i say? he's always understated. i'm always overstated. all right. thank you so much, everybody, for calling. still more "mad money" ahead. are your stocks at risk from the next tweet out of the oval office? your trump stock field guide is just ahead. plus the double-digit tech mover that was obscured by today's focus on the inauguration. don't miss the news that caused this move that everybody was buzzing about away from the inauguration. and all your calls in the lightning round and the week that was. stay with cramer. of locco w.whet's ihethcuare, tl s mp posse kin. trr meonivesever covancinther iman. at..s >>> look, i've said it before, and i'll say it again

we've heard from hess, halliburton, baker hughes, a big miss from chevron.e of what we're hearing is part of the narrative we already know. lower oil prices last year continued to be a challenge in the fourth quarter. still, companies seem to be slowly increasing cap ex budgets as prices have risen and stayed over $50 a barrelling showing a little optimism for the future. now the equity market reaction, a little cautious here. chevron's miss today doing some damage to the group. s&p 500 energy sector profits are now on track to sink 20% from year ago levels. as of the first of the year, only a 5% decline according to thompson reuters. meantime, more big names on deck next week. exxonmobil, valero. crude oil prices logging a roughly 1% decline today, flat for the week. we seem stuck in a range, frustrating for some. the mark is split on which way we go from here. back to you. >> jackie, thank you very much. energy was one of the top performers last year but has lagged in 2017. the chart master says more pain could be ahead. carter what do you see? >> as jacki

halliburton, baker hughes when they merged with general electric.y trying to pump this up big time. their customers like bp are really talking about not just seeing piecemeal of automation but the whole system becoming a lot more automated. then you have the companies that own the rigs themselves. neighbors. they are trying to roll out more rigs second could cut the number of workers at the jobsite from 20 down to about five. caroline: that chart says it all. the dwindling numbers needed to employed in the sector. david with the great story from bloomberg news. thank you. finally, a case of a revolving door. the effects of a bigger trend in the tech world bleeding into automakers. ford has hired the head of global social media and digital marketing from apple. he will be their first chief marketing officer. he will work with their team to define, build, and communicate the automaker's brand as it expands into connected technology. that does it for this edition of "bloomberg technology." all episodes are live streaming on twitter. out and follow all

we see that in the baker hughes numbers every week that smokes out the effect of the opec deal, doesn't it? >> on a longer term basis that's true what we're expecting this year from the u.s. is a few hundred thousand barrels a day of production growth. when you look at 2017 on average versus 2016. from an -- from an exit to exit basis you could see a million barrels a day of growth given the increase in rig count, the increase in efficiency. you have to -- once you start to see higher prices coming through, rigs being added back, you will see cost enflags come through. t inflation come through. >> is this the year we see the oil majors pick up capex, pick up spend on oil discovery? that's been a big part of the bear market story when we saw oil companies pulling back. >> it is interesting. if you looking at where capex is expected to go at the moment in 2017 for the majors, probably further down. and i think you will see some recovery in spend. but what you'll probably see more of are acquisitions. you will see the m&a side of things picking up. we think that the majors are able to cove

baker hughes rig counts are higher. more u.s. production means lower prices. as for the u.s. dollar, weaker yesterday. nothing extreme compared to at some point the stock market selloff. weaker again today against the euro. but not against the yen. the moves are fractional. we'll wait to see if we get more direction through the session. pound weaker against the dollar. >> as we end the month, month to date the dollar is down 2%. that's something to note as we finish the first month of the year, that there has been a clear turnaround from the post-trump election rally that we saw in the last couple months of the year. >> it's near a two-month low, the u.s. dollar. it's been somewhat of a leading indicator for stocks. treasury yields have been setting the tone more. let's show you gold. on the back of the weaker dollar, gold has been rising. gold had a strong few sessions. up about a third of a percent. political risks, some say, is bullish for gold. if that's where we're going to be as evidenced by the first few executive orders, gold might continue to get a boost. >>> to poli

from comcast, our parent company, also dow chemical, northrop grumman, ratheon, bristol-myers, baker hughesa ton of companies coming in. ford and southwest airlines. we'll be bdigging into those numbers with ford's ceo, mark fields. and gary kelly, the ceo of southwest airlines. we're continuing to talk about the first 100 days of the trump administration. for more on that we'll be joined by congressman chris collins on what to expect next. action is coming at a blistering pace there. guys, we'll talk about all of this coming up in under ten minutes. we'll see you at the top of the hour. >> a lot to talk about. see you at the top of the hour. >>> when we come back, rich clarida shares his thoughts on the dow's climb to 20,000. stay tuned. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. >>> welcome back to "worldwide exchange." u.s. equity futures are building on the recent rally that brought

. >> do you remember how many times -- >> baker hughes. >> baker hughes, i mean, so many different times remember being told by the experts. and they were wrong. >> look, i thought that absolute ly kla and -- apparently intel got involved there and didn't like it. >> yeah, dollar stores, remember when the over bid made and everybody said don't worry about it. >> i'm waiting for walgreens which today reported better than expected number. >> the rite aid deal. >> yeah. >> or is like hagway. remember, they had that deal they bought a lot of the safeways and didn't work? >> they went bankrupt. >> the safeway next to my daughter called it hagen, that's why she called it hagway. >> although it was a miss on sales. they strip out the forex, some say not a high quality beat. >> i agree with that. i think what matters here entirely the accretion from the rite aid. but look, it's retail. it's in an etf. does it matter? look at target. target didn't say anything bad but it's an etf. if you're an etf, you're getting hammered. kohl's is down nine. i mean, geez. >> zao, remember they went public here

administration that maybe looks a little bit different than what we've witnessed with halliburton, baker-hughes that have fallen. >> the merger shouldn't happen. i wouldn't interpret republican and trump as pro merger. all it's going to do, it's going to go ahead and increase pricing. that's not what trump is about. there's no reason for these companies to merge. they shouldn't merge. stocks barely down. >> there will be firings and he doesn't like those announcements. >> right. the fact that humana is down shows you that the market didn't expect this merger to go through. >> big dow stock, mcdonald's, as you know. i wonder what you think about the comps, declining 1.3% in the u.s. and that all day breakfast initiative that had done such great things for the stock has sort of run its course. >> they've got to do all day lunch. i don't see any other -- you had a great year at mcdonald's, things they launched with the ceo, they largely worked. increased foot traffic, great comps. in the next year, it gets really tough. and i don't know what's -- extra long french fries or whatever. but seriously,

because we like the combination with baker hughes, which is going to be able to make it so that theyoptionality of the upside for oil. we do like aerospace very much. we like turbines. i'm not as negative about health care as you are. but overall i think the balance sheet is so much better, and they can do big buy backs. nelson pelts is in there say going things. we follow anything he's done and he's up a lot on many different positions. i guess my bottom line is g.e. is an inexpensive industrial i think is worth owning. but i sense your budding dissatisfaction, and i feel that it is long in the tooth to not having advanced. i think a lot of people are feeling, come on, you can do better. so maybe that helps? i'm not sure. peter in pennsylvania, please, peter. >> caller: good evening, jim. big fan of the show. >> thank you so much, peter. good to have you calling in. >> caller: where do you see goldman sachs going from here? >> well, goldman sachs is going to report, and when they do, i think it's going to be a great number. but like i said at the top of the show, it's coming in a li

>> i love baker hughes. big company we know that's getting in bed with them. i think that's huge because of the exposure in shale, judge. so that's the stuff that comes online. as soon as we push it into the 50s as we have, that shale production as dom reports every week goes up. rig counts go up. push towards 60 it's going to go up faster. >> you said, marc, in the past that some of the energy credit opportunities were opportunities of a lifetime. you have to be willing to wait. some of the investments you made may have been a little early where do you stand on those trades now? >> look, it's, you know, last year our funded exceptionally well. energy fund was up quite a bit. i think if you take a look, you know, i could give you a specific example like pack drilling. >> sure. >> if you look at pacific drilling and i think you talked about diamondback, here's what's interesting. for a rig, the values -- same rigs that transocean has or any of these companies have. they're state-of-the-art all new. if you look at what transocean rigs are valued, valued at $400

there also watching information from the baker hughes index showing the targeting crude increased to. support prices create a healthier environment for the u.s. crude producers. watch out for the weekly commitments from some of the money managers when it comes to -- whences of the brent it comes to the prices of the brent. manus: thank you very much. dominated by terror a, brexit, and donald trump's election. this year is set to be defined once again by the shifting global landscape of president a -- of politics. the french president delivered his new year's eve address where he praised the country's resilience. >> france is open to the world. it pushes for brotherhood. how could one imagine our country hiding behind walls relying only on its internal market, changing back to its own currency and discriminating against its children. it would not be france anymore. what we canore on expect from 2017, andrew joins us. he joins us from dubai. the aftershocks we have had -- brexit and the u.s. -- are we done with surprises? what will be the big surprise of 2017? andrew: i do not know if

general electric needs to flesh out its merger with baker hughes and how aggressive it wants to be. i want the combine the entity to bile national oil anadarko once the oil related business it a separate company. otherwise it should be a quarter where g.e. talks about redeploying capital for aggressive. they need to pay more in dividends and borrow money to buy back more stock if it has hope to trading up to the mid-30s. i implore the ceo to do so. it's a reasonable ask, jeff. it should be granted. but you know what? it may not matter because friday is inauguration day and judging by the excitement that's come from the pre-white house trump, i don't know if anyone will care about anything else that day, including the possibility of good numbers from both companies. bottom line, the playoffs are here, and there's money to the made in the financials, industrials and the oils. but let's not buy anything that's moved up too much. a better opportunity might await. let's go to jeff in ohio, jeff. >> caller: hi, jim. booyah, baby. >> booyah, jeff. what's up? >> caller: i like your show. i

. >>> baker hughes out with its weekly rig count numbers. we lost seven oil rigs this week and only up seven from a year ago. for multiple weeks in a row, as we've seen these prices moving higher into the 50s, we've seen rigs come back online. seeing a bit of a pause here, might speak to this larger theme that analysts were talking about as prices went up. big oil, at least domestically, will monitor and police itself in some ways to make sure that we don't see the kind of price depression we saw last year. you look back to where we were last year to now, wti prices are up 72%. back to you. >> thank you, jackie deangelis. >>> the financials have been flying in this rally. we've got a special guest here at the nasdaq to help us trade those banks. >> yep. >> lockheed martin ceo not the only one at trump tower. it's been a busy day of meetings. who else showed up at trump tower? that's still ahead. onmome seab a,asan unsn i ivog- i get mel an en in e sueceeaean,stisange ou bank of america wells fargo also impressed with their sales. focus turns

on the other hand, baker hughes higher than a year ago, so that itself is not a rosy picture moving forward is a problem of a some supply-demand balance at this monet and how we will move forward in the balancing of the supply struggle. rishaad: have a great week. next, make peace, not war. australia still backing the tpp -- tpp despite donald trump's plans to scrap it. we will hear from the nation's finance minister. ♪ ♪ australia's finance minister has downplayed the threat of an all-out trade war between the united states and china. mathias cormann telling francine lacqua that australia is still committed to the tpp. looking forward to working with the trump administration. australia has been a long-standing friend to the united states. obviously we are confident that the trump administration is going to be focused on making as asthat america is strong and successful as possible. we look forward to doing lots of business with you. >> this is the u.s.-australia -- relationship. there as another relationship you are reliant on, the u.s.-china relationship. what happens if there is a trade

if you look at the bloomberg, this activity has shown very well, this is the baker hughes rig count.s a nice acceleration before the crash, but right here we have a big recovery. lots of drills coming back on. this could be weighing on the price of oil. this is not entirely a surprise. we will be keeping an i on how this weighs on oil. as for the natural gas stocks, we are seeing lots of red. corprces southwestern, eqt . all lower. it is kind of interesting. here in new york it is freezing, so that's not the reason today, but overall we are looking at a warmer forecast. scarlet: thank you. let's get to first word news. taylor riggs has more in the newsroom. withr: mitch mcconnell met donald trump today at trump tower a day before the senate begins confirmation hearings on cabinet picks. >> the president-elect and i had a good meeting about the senate agenda which includes confirming the capital appointments, getting further down the road toward repealing and replacing obamacare. we talked about the senate agenda and how we are ready to get going once he gets down there. are takingocr

. >> we still got to get baker hughes rig count this afternoon. >> there you go. >> a lot going on.> thanks. >> steve liesman. tensions heating up of course between the u.s. and mexico. president tweeting this morning mexico's taken advantage of the u.s. for long enough. massive trade deficits and little help on the very weak border. must change now. our michelle caruso-cabrera is in washington this morning. knows this story backwards and forwards, good morning, michelle. >> good morning, carl. yeah, that border war of words only getting more intense. that's what president trump said this morning via twitter. but he backed up or he said once again his repeated his threats against american companies that would move jobs to south of the border. here's what he said in an interview last night. >> they understand that if they build a plant outside of the united states, fire all their employees, when that product, whether it's a car or an air conditioner or a washing machine, when that comes through the border, it's going to be heavily taxed. >> we've seen how entrenched american manufact

we looking first at the baker hughes oil and gas rig counts. a decline. this may suggest that some supply is coming off. even so, not helping oil. oil on the week is down for his first down week since december. oil getting a big boost for many weeks out of the opec supply cut week,down about 3% this and earlier this week, one of the current concerns with u.s. supply, the idea that u.s. supply could offset what the opec cuts had done for the price of oil. tonow have that irig count suggest maybe that won't be the case. one last point, it's interesting that oil is trading lower, even as a bloomberg dollar index is lower too. usually you would see that lower dollar helping out oil. oliver: thank you. crude oil has posted its first weekly decline and a month, with brent crude falling, wti crude lower, traders are waiting for proof that opec member nations are following through with their promises to cut production. earlier bloomberg caught up with the opec secretary in of the dottie. >> we are looking forward to several markets in 2017, where we ho

hughes when baker they merged with general electric.ally trying to put this up big time. their customers like bp are really talking about seeing a piecemeal of automation but the whole system becoming a lot more automated. then you have the companies that own the rigs themselves. they are trying to roll out more rigs second could cut the number of workers at the jobsite from 20 down to about five. david with the great story from bloomberg news. thank you. a revolvingase of door. the effects of a bigger trend in the tech world bleeding into automakers. ofd has hired the head global social media and marketing from apple. he will be their first chief marketing officer. he will work with their team to define, build, and communicate the automakers brand as it expands into connected technology. that does it for this edition of bloomberg -- the best that does it -- that does it for this edition of "bloomberg technology ." follow all previous interviews on twitter. that's all for now. this is bloomberg. ♪ . . our studios in new york city, this

baker and michael defer. they worked together but infighting ended that. george w. bush took office with a large team of campaign advisors, but only a few really had sway. when karen hughesfamous bush strategist karl rove. regardless of who was advising is a president, a key question is how he makes decisions. david urban worked closely with trump running his campaign in pennsylvania, the first time a republican twlon since 1988. >> president-elect trump was very involved on a gran knew lar level. he would call frequently and ask how it was going in pennsylvania. >> reporter: how would you describe how he makes decisions? >> i think the president-elect takes advice from a wide range of individuals both on a formal and informal basis. collects lots of data from different a wide range of people. >> reporter: sources familiar with how trump operates say on issues he's comfortable with, he makes quick, competent decisions. when he's unsure like about mitt romney for secretary of state, he can be sway add by the last person he talked to. on issues he knows little about like picks for top intelligence jobs, he turns to those who do know like mike pence. >> he is not going to s