bob dudley will give a press conference this morning at 10:30 a.m.nd declined our interview and will not hold that against home. i am still waiting to speak with you. lots of questions for bob dudley. all of them be about rose net. >> it is ahead of the ftse. oil companies are trading 13 times. >> relative. >> very good. a picture from a london. openy markets are set to quite high. and miserable day? >> did it rain? >> it rained last night. we have to get some color into the camera. ♪ >> welcome back. will talk about her love of super graph. >> i do love them. like them. jon is here for sonata ruminants. to talk about the big macro things. >> you have bp. the market is edging. is theother side, this unknown. you have merkel and cameron and renzi all getting together. it will be a conference yesterday. they are talking about possible sanctions. ryan and i were talking about it. what was yesterday about? was a obama saying to these guys you have to sort it out? was it them trying to get around the table and saying we need to talk? g7 getting together s

the boss of b.p., bob dudley is probably expanding on some of the earlier statements that were made.tly good. investors welcomed that. there was a little bit of a pint-sized warning in there for investors. we have a relationship with rosneft. rosneft, russia's largest oil company. we own 20%. if sanctions increase, that could be bad things for our business and relationship with rosneft. obviously the journalist if that room at that press conference is going to want to know a lot more from bob dudley. >> let's talk about what investors are in bruss wilson going to want to find out. >> their farrest reaching sanctions yet. we're expecting this -- an announcement of some kind of sanctions for the european union later today in addition to another round of sanctions that we're expected to get from the united states. president obama spent the evening in a video conference with the german chancellor, the british prime minister, the french president and the italian prime minister. in addition to that, we have to see how the russians will act. they said they could ban american poultry shipmen

. >> can bob dudley's company handle the geopolitical heat? >> that's a part of the gas business.e work if parts of the year a lot of people wouldn't go in. we go in and haven't missed a day of production in egypt or since we were if iraq. bill contributions from countries which we went into really in the middle of civil war so that's a part of the oil and gas business. >> plus, cramer will ask whether or not the ceo has spoken to putin, himself, find out what he has to say about that at the top of the hour. it's not just bp, total has exposure finally on its conference call. it acknowledged it is not any longer going to put any more ontario into novtek. >> you have to be careful of these names, there will be taped bonds coming out. few want to play the oil space, i would go with some paul sankey mentioned, valero. vlo, that will help the spread of wti and brent better for them. >> a beautiful day for mpc. that was a huge run. >> i will switch gears and go to sheniere. if you want to play it, sheniere were the first once to markets with exports offshore here going to europe. so i

tomorrow.ts earnings we will hear from bob dudley. there will be some kind of conference call. look, this will have limited impact and they have a plan to further limit impact. if they've a 20% stake, they have exposure. it is getting very difficult for bp because the ceo has been sanctioned by the united states. we get another blacklist out of europe today. transaction, that bp got 20%. bp got a pile of cash and also -- has been offered by exxon assets in the united states in the gulf of mexico. there ceo cannot even travel to the united states. me, he waitsold for the day he can make a decision without a room full of lawyers. one has to wonder if it is not any different with russia. this is something they will be looking at. we have this judgment and we've been waiting for nine years. >> a lot to think about. ryan, t by very much indeed. -- thank you very much indeed. the united nations security council has called for an immediate and unconditional cease-fire in gaza. more than 1000 palestinians and 45 israelis have been killed. elliott gotkine joins us from tel aviv. have a

one thing to say about this article and what has transpired -- bob dudley said it all -- at a press conference shortly after they issued the ceo, they said they would -- they weren't sure what this would mean for their business. end of the stark warning to investors. >> it could in fact -- affect investment. said "sometimes events occur that are under tenant and change the course of history." this was one such event. talking about the downing of mh 17. >> i'm going to take it in the letter direction. this is an "the times." bank turned down a circus group, saying they were immoral. they had problems with the morality of the circus because a this particular outfit, burlesque dancer on stilts. they were looking into funding a business account to be able to grant work for charity. they wanted to work with terminally ill children. ison't know if this particularly the circus of uncertainty, but certainly, they are unable to get lending from santander. pretty amazing that the bank manager has so much control. if it wasn't so serious, it would actually be laughable, but according to the everyday sect