bp is still struggling one.nvestment to replace the business, keep new production coming, and pay the dividend. it can't really do that, or it has been unable to do that, or it has been unable to do that at $50, quite yet. we will see what they have to say about that. that is key, isn't it? for bp, is co mforta bly that is key, isn't it? for bp, is comfortably in everybody‘s pension fund. it has been for a long time. bp or shell, you would have one of the other. if bp is not seen as a company they can deliver, it is a concern, is that it? these companies wa nted concern, is that it? these companies wanted of brayden sier themselves from, for instance, the shell drilling. —— these companies want to differentiate themselves from. these can be sound like sound investors prolong time. last year, bp said it you would average hourly for a0 yea rs. you would average hourly for a0 years. that should bring bp almost 200,000 barrels a day in a a0 year period. that is the sort of thing investors like. 0k. thank you for com

that tells you a lot about bp's broader strategy.ing more selective about its investments to keep costs down. the price of oil is down 10% compared to last year. and it's also keeping costs down using data. it's invested heavily in sensors to collect five million bits of information from its facilities every single minute — and it's using that to make those facilities run more efficiently. thank you, ben. cailin birch, commodities analyst at the economist intelligence unit is with me. good morning, thank you for coming in. ben was going through the numbers, give us your take on those results 7 numbers, give us your take on those results? as you said, they were better than they expected, based on company better than they expected, based on com pa ny surveys better than they expected, based on company surveys and market expectations, it will boost bp in the near term, in what is a negative time and uncertain for oil prices coming off quarter to. we have two remember that this is lower than profits in the same quarter of 2016 when oil p

bp is still increasing the debt.ulnerable arehe big oil companies -- the oil companies if oil prices were to drop again. about doingple talk things differently? a bad set of has cards because he has to downsize the company to pay the amount of payments. is lowering.eo cappex.ving to lower he has a really bad set of parts. i was talking earlier today on blog and he for our would demand that bp resolve the problem. resolved problem is and the abilities have clear. the settlement has been rigid. he is the right man to take the company forward move into a phase of reconstruction. the company has downsized definitely. now they are trying to rebuild the company. matt: the condo obviously is a -- he's specific issue. talking about the broader industry as far as integrated oil producers are concerned, how are they coping with $30 a less for oil? can they get it cheaper than that? is it starting to hurt the industry? >> if we look across the industry clearly they have had a recent results. a big part of that is because they a

bp said they didn't think the rig would sink. it did. they said they could handle an exxon valdez size spill every day. they couldn't. bp said the spill was 1,000 barrels per day. it wasn't, and they knew it. in preparation for this hearing, the committee reviewed the oil spill safety response plans for all of the companies here today. what we found was that these 5 companies have response plans that are virtually identical. the plans site identical response capabilities and tout identical ineffective equipment. >> over one million dollalars l be awarded to the teams that prove that their cleanupup systm could meet the competition's strictest requiremements. >> our f first prize, the winn schmidt oil cleanup x challenge was a response, essentially, to someththing we all remembeber, e deepwater horizon oil spill in the gulf of mexico. in 2010-- i certainly remember, i'm sure a a lot of folks do--this was ongoing every day, oil spilling into the gulf, the havoc it was wreaking on wetlands and other critical ecosystems of the gulf coast, yo

have this why bp will not a spectacular quarter.expect earnings to be lower than what they were because they have a big right off in angola where they were exploring a block. that did not happen. they are having to write off 750 million dollars and that is likely to impact. interest ande energy stocks? >> a lot of that is not predicated on recovery from prices. rise, ther -- to dynamics are shifting somewhat. , people arep back chasing yield. still an offer. manus: we look at the dividend, we caught up with statoil and extent are these dividend plays on the upside for you? well: right now we are on a risk-adjusted basis. positioned asymmetrically and everything is going wrong for energy prices. butctations are still weak the cash flow conditions approve across the board. if we go into the low volume environment, on a risk-adjusted basis, we are looking very attractive. anna: thank you for your thoughts on oil. we will hold on to you for further thoughts on the u.k.. will kennedy joining us to talk about bp and we will break is numbe

can we draw parallels between oil prices and bp share price? >> bp share prices track the oil price for most of the two years. the trick is get the oil price right, you largely have bp share price right. the tricky bit is working out where the oil price goes if opec can't control it, it will be difficult for everybody else to predict where it's going. we have seen u.s. inventory and stockpiles come down we are starting to see some slowdown in u.s. on-shore activity rig count is at 100% year on yea year you have seen the big pick up in she shale, the big rigs sticking around, the 1.5 million barrel per day increase has yuf set ofe opec and non-opec cuts supply has been the issue. shale is only 5.5 million right now. you've seen a big swing in shale, it's offket the cset thet it needs to move higher. >> there's been a thought -- >> share prices are not really pricing it in, they're the worst performing sector in the uk market you did get more bullish commentary from halliburton and schlumberger it's a stroory that will develo over the summer. >>

can bp profit in a world awash with cheap oil? the fossil fuel giant releases its latest results in the coming hours. we will tell you all the details. and downgraded: toshiba is set to be removed from tokyo's main stock board because of its financial problems. hello, and welcome to bbc news. hired and fired injust 10 days — anthony scaramucci has been sacked as white house communications director by donald trump. he was dismissed shortly after president trump swore in a new chief of staff, retired generaljohn kelly, who is expected to bring more discipline to running the white house. mr scaramucci had been criticised for a crude verbal tirade aimed at his colleagues. here's our washington reporter suzanne kianpour. tonight, breaking news: forced out after just 11 days at tonight, breaking news: forced out afterjust11 days at the white house. game of thrones, house of cards, pick your drama. washington thrown into a frenzy after the new communications director is sacked. anthony scaramucci took to the podium ten days ago for the f

bp is just raking even.t could it mean for the rest of the year if prices don't remain stable best and mark -- stable? this is bloomberg ♪ mark: welcome to new york. vonnie: this is bloomberg markets. let's check on european equities. we are close to the end of the tuesday session. slightly different than the last three days. stocks fell for a first a of increases. the stoxx 600 is up .8%. the earnings season continues. what would we do it we did not have earnings to report every day? on themf bp rising getting back on track in a tough environment. they report a breakeven. how the, let's ring in air. -- what is causing them to breakeven? they have been cutting every expense they can. they had very low levels last year. you combinelem was all of the things they have to fields, you new oil the another problem with payments with the disaster in the gulf of mexico. the company break season -- even. they need to pay more debt and that is a problem. they will do $40 billion. mark: those are going to reduce for the

bp has almost $40 billion in debt. the company posted second-quarter profit that beat estimates. that's the latest bloomberg business flash. what's next? battle of the charts, risk versus conflict. one index plunging, the other surging. this is bloomberg. ♪

how does your arm feel when you throw bp? >> good. short arm, real short.ow them from like 20 feet. absolutely. >> that's all they want nowadays. >> no. i throw from probably where the dirt of the mound starts, where the grass and the dirt meet. not much on it. >> this is where we need luis. luis has been struggling late ly. >> got a little something on his hat there. >> luis and hector neris share an agent. his 3-year-old son passed away suddenly. luis's agent's son. and hector. >> he and hector both have the rest in peace. >> that's too bad. >> they were at the funeral yesterday. one ball, two strikes to flores. runner at first. >> cameron's kept the double play in order twice in this inning. we had the one with the fastball on the strikeout from nimmo that he reached first base. aaron nola got him out of that inning. >> swing and a miss, two outs. >> 97. >> up in the zone. hard to hit unless you get your hands up. >> two outs. travis dd'arnaud is next up. >> blanco and freddie talking. they moved blanco over a little bit to guard the double with two outs

so, a will the of good news from bp and a will the of good news from bp and a few things to be awarein the magazine's history. edward enninful has taken over from alexandra shulman, who was the editor for 25 years. the uk fashion industry is worth £26 billion a year to the economy — so people will be watching closely to see how mr enninful shapes the magazine. he has already made some some staffing changes, as our arts correspondent david sillito reports. i'm edward enninful. he looks very eccentric and that will be perfect. i got into fashion, i was spotted on a train when i was 15 years old. it is a massive change for british fashion. edward enninful is today in charge of one of the most important names in british fashion. vogue. it does not happen very often. the last british editor was in place for 25 years and from day one, change is a foot. they've gone on to snapchat and there is a more diverse team. he has over 500,000 instagram followers. he has appointed steve mcqueen, independent professionals who rely on social media to keep building their brands. vogue is the top of the

like its rivals exxon mobil and royal dutch shell bp has been cutting costs is as a can now break even if oil prices remain around an overload forty seven dollars a barrel. italy's largest retail bank said its second quarter profit jumped after it received government cash for rescuing two struggling regional banks. about three and a half billion euros in public in texas on a hollow sound products that just eight hundred thirty seven million euros. engine into remaining assets like of without any chance of. can identify. today. but under orders to cut any of the three hundred jobs and close up fifty stores. fears for their retirement or second quarter net losses of phony dollars still less than expected. but the bird is struggling to compete again like nike. six million sales forecast says like we do now. american and this i spring y decided to outsource its production. these employees took a bold then unusual step. instead of looking for work elsewhere. they chose to buy the factory back themselves. yeah. but. it was probably a risk but it was worth it. at least we had a joke. that num

companies.wo big oil chevron and bp.al is putting pressure on chairman, here is our growth strategy and this is where we see them playing a role. mark: great stuff. thank you for joining us. vonnie: always a pleasure. in just days, the world's central bankers will gather in jackson hole. what exactly does that mean? we explore, next. this is bloomberg. ♪ mark: live from london, i am mark barton. vonnie: i'm vonnie quinn. holeapital annual jackson meeting starts later this week. the scene this year is fostering dynamic global economy. we talked about janet yellen and mario draghi and whether they of a global economy and if their definition is the same. >> there is a fair amount of agreement across central banks that a dynamic global economy is one that is on the one hand, registering strong and sustained economic growth. flown by a stable, capital and global trade. on the other hand, one where inflation is a subdued but near target. to me right now that in both of these cases in europe and the united states we are falling

bp is trying to calm investor concerns after debt rose to a record.sales will ease the burden. bp has almost $40 billion in debt. its second-quarter profits beat estimates. hashe u.k., the frog office launched an investigation into british american tobacco over reports it arrived -- bribed african governments. companies withs a woman in charge perform better in the market. it comes from scandinavia's largest bank pay the bank looked at almost 11,000 companies and found those run by women had a 25% return from 2009. that is your bloomberg business flash. francine: thank you. the bank of england is due to announce its rate decision thursday. in may, bluebay asset decided to go short sterling. let's get back to mark dowding, bluebay. at also with us is elsa lignos from rbc capital. so brexit -- there is political infighting, the boss is away, philip hammond is saying may be brexit is so soft he will not even realize but saying it will happen. who do you believe? mess.brexit is a it looks like an ugly outcome. i am struck around westminster, at the misper

. >> waiting to see how bp is going to open this morning.quarter numbers did beat estimates, but there's a kicker. analysts have been sharply reducing expectations for the company over the last couple of weeks. they have hopped over the bar, but it is a lowered bar. the debt continues to build as its cash flow is unable to cover the cap. >> it is a very mixed bag. that is good news. they are generating a bit of cash. but the payments continue to be a drag for bp, and it is starting to differentiate from the rest of the oil majors. we had upbeet statements from shell. debt continue toss rise because of the payments. they have added $10 billion of net debt in the last 12 months. it leaves them vulnerable to another slump in oil prices. roy tinto reaping the benefits of an oil rally. they are nicking share buy back. plus it will pay a $20 billion dividend. the company errored earnings more than doubled from a year ago. >> very strong return. $3 billion back to shareholders. that means in practical terms it was the highest, the largest dividend

. >>> some stocks to watch today bp topping expectations despite a drop in second quarter profits.he company said oil and gas output increased nearly 10% as it started production in a large oil field in the north sea shares up 4% in uk trading. >>> sony's operating profit dropped three fold on the back of image sensors sony shares up more than 35% this year, down about 2% in the trading in japan >> honda reporting a better than expected first quarter profit as strong sales in asia offset weakness in north america. the automaker is raising its full-year forecast of course autos will be a focus today with data coming out about last month's sales >>> pandora reporting better than expected revenue in the second quarter the company says advertisers spent more on the music streaming service amid stiff competition. pandora is trimming its full-year revenue forecast shares are down more than 1% texas road house says second quarter revenues and same-store sales topped analyst forecasts the chain expects the sales trend to continue in the third quarter. though the company knowed wa ene infla

. >> we haven't had bp in such a long time, i haven't picked up a bat, probably since my start in san diego i didn't pick up a batment sometimes you're just lucky. >> birds are lucky and looking good. going for a sweep of -- goodbye ties manny machado. then in the eighth, tied for 7. takes this one of the center, kay will he be joseph comes in to score, 99th rbi, 8-7 the final. kirk cousins and doug williams making a entrance today at the 56th annual redskins welcome home luncheon. daily air heart junior up there, a great chance tore place and coaches to connect with fans. a chance to show off swag there. tomorrow night it is the preseason finale. it's on nbc iv, 7:30, they kick it off, a lot of the backu try ps >>> greater works. >>> they're moving on, folks, a upkate on the local choir director danle damon. did you see him? damon is choir director in prince george's county but leads the national choir greater works. they wowed the crowd they'll move to next tuesday's live show you can see on nbc 4 at 8:00. they know how to rock a stage. wow. >> so,citing to have somebody so great on

companies like bp and exxon were against icahn's change. they started pushing back really hard.: we have to leave it there. we're going to do part two of our di all on today's show. announcer: "julie taboulie's lebanese kitchen" is made possible by... ♪ do your thing, man: do your thing ♪ ♪ syracuse, do your thing ♪ ♪ do your thing, do your thing ♪ ♪ syracuse, do your thing

companies like bp and exxon were against icahn's change. they started pushing back really hard.: we have to >> welcome to global 3000! today we head to cambodia, where we meet some young circus performers. can acrobatics lift them out of poverty? we accompany a marine biologist protecting giant manta rays off the coast of peru. but first we head to south sudan. where women on two wheels offer help and hope to local villagers. south sudan is the world's youngest nation. it was founded in 2011, following a decades-long civil

that is 1000 bp agreement on that ramp and platform would be a series of biking, hiking, sailing, recreationalining opportunities looking on the bridge. the community will have an opportunity to weigh in on keeping this remaining peers for conversion. on the yerba buena side, remaining pier could provide the same opportunities in the shadow of the signature tower. >> the city would own, take ownership. caltrans would build it in the bay area toll authority would fund the maintenance and operation like they to the bridge and bike trail pick remain for less than an hour on those blast days, weekend traffic will be halted in an abundance of safety. it took seven years to design the bridge. another 12 to build it for a 2013 opening but it was not quite finished. last week, in 2017, 28 years after, the final detail work was finished on the new span, the same year demolition of the old one will also be completed. >> that is interesting. it's going to be cool to see how that evolves with the use of the bridge. >>> 4:46 am. speaking of the bridge, alex is in for sal >> taking a peek at the bay bridge,

the retired yankees closer also tossed little bp for the young student.wilmington area open on august 28th. so there you go. pretty cool stuff from mariano rivera. he played a long time in the major leagues. nice to see him give back. >> back to school kiddos, that time. >> crazy. thanks, pat. >> well, coming up in the next half hour of "eyewitness news ," the reason cosco has been ordered to pay millions and millions of dollars to tiffany jewelers in plus how a dorm room stay sell getting a healthy make over. details on live report from wall street. >> then, actor ryan reynolds is reacting to a stunt woman on his latest movie. we'll tell you what went wrong >> and it is another shake upcoming to the white house. we'll tell you the latest name that could be on the chong block. katie? >> and rahel, as we get one day closer to the upcoming weekends, you know right now it looks as though there is the possibility of a shower, you know, looks pretty minimal at least. so i expect we'll see at least some sunshine both days for sure. meantime saturday specially l

for one is an area that's had some problems but i think there's good opportunities ther we look for bp in that space. and defense stocks, even though they've had a good run also look like they're going to have some earnings growth. so there are places you can definitely look there will be earnings and dividends. we think that's where you need to be looking. >> energy and defense are two areas you like. what about fixed income? a lot of individual investors have their money stied up in fixed income products. >> there's always been a question of when people are going to move out of fixed income and into stocks. i think what you've been seeing recently is the other way, people have been moving back into fixed income. even though rates are still low, i think that's a little bit of a safety trade. i think that's the tough part. i think that's why people are goin for dividend stocks because they can't get yield in the fixed income markets. it's got to be a combination approach. >> on that note, sara, thank you so much. >> as the retail industry struggles, the world's largest store, walmart,

. >> it's bp a tough 24 hours for people who police and firefighters went door to door last night trying to get the last of the holdouts to leave their homes after the buildings were declared unsafe. news 4's aimee cho has more from the lynn hill condos. >> ma leak bracket walking through what used to be his home. not sure where he'll go. >> have to move this stuff out. supposed to give somebody notice, 24 hours. that's enough time for somebody to up and leave and go to another pl >> at this place, boards going up as the clock ticks down. as moving trucks drive out, police there to make sure people stay out. some people making moves of their own. meanwhile, down the road, george is at a hotel. for now, he's found a place to live. but his bigger worry, making a living. >> this was supposed to be my retirement. i this. now i'm back to square one of to paycheck to paycheck. >> paychecks he'd hoped to accepted his families. >> some families weren't able to move everything out in time. they have to make an appointment with social services to come back and get their things. in temple hills, ai

bp seems to be shrugging off the low cost of oil.ts of more than $680 million. it's been cutting costs and boosting efficiency to try to combat the low cost of crude. let's go back to that story about the aircraft engine maker rolls royce. the company has had a spectacular return to form. it's turned a $2 billion loss into an almost $2 billion profit. what's it done right? analyst howard wheeldon joins me now. these are pretty impressive results, right? very impressive figures in relation to where the company has been over the last two and a half yea rs been over the last two and a half years but it is only a start. this isa years but it is only a start. this is a company in transition. it is looking very deep and hard at its productivity, efficiency, and how it can do things better to make itself more globally competitive. i would say we are only one third of the way through that process. it will go on for another two or three years. this isa for another two or three years. this is a start. evidence that things are on the turn so ve

this week we have had big earnings results from massive multinationals, hsbc, bp and now it is the turnly is here with all the business news. apple doing extremely well. the world's most valuable tech company has published it's latest set of results and they show revenue growing to $16.1 billion for the three months tojuly. that combined with a prediction that it will bring in as much as $52 billion in the next quarter saw shares rise by up to 6% in after—hours trade to hit a record high. apple made a pretax profit of $11.3 billion in the three months from april to the end ofjune, a solid rise on the previous year. this year the iphone is ten years old, but it's not been performing so well in china, where sales this quarter were flat and total chinese revenue for the company actually fall by 10% compared to the same quarter last year. and apple increasingly trails its arch rival samsung in the smartphone market in terms of share right across the globe, which some analysts say is a problem for a company so reliant on handsets for its profits. one way apple has tried to decrease its relia

the bases are loaded and the giants lose five-to total -- 5- 2 and the a's bp astros 3-2. pga has the final six holes in the wyndham championship with the final day the lp virgin of the cup is the only thing to bring tim you say down with lexi thompson down but usa beat europe by five points with the largest hole on the when things clinton was in the oval office. he leaps over the wall and he may have lost the game but that kid is the talk of the school today assuming he is back at school. see it tonight. >>> are you planning on trying to watch the solar eclipse today? we are at the nasa research center and this is how scientists are preparing for the big event. >>> and oakland unified school district is facing a teacher shortage and how they are looking for teachers oversees. who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caretakers, advocates too? turns out, it's californians it's me and it's

can bp profit in a world awash with cheap oil? will tell you all the details. and downgraded: toshiba is set to be removed from tokyo's main stock board because of its financial problems.

bp combing investor concerns after debt reached a record.les will help to ease the burden. net income better than thought. oil and gas output 10% of. breakeven at $50 a barrel, prices that year between $45 and $55. haidi: rio tinto do report profit forecast to search for billion dollars from 1.5 billion from year ago. stronger commodity prices underpinned that result. rio tinto is the world's second biggest iron ore exporter. rishaad: india's biggest steel producer reporting a drop, blaming higher costs and de-stocking by customers. -- jsw dropping 44%. a year ago, record profits, $175 million. low,howed an eight year and that was down to the new sales tax. sony's first-quarter has music as to men's and the playstation 4 leading growth, but declined to raise full-year forecast. let's get the view from seniorre, jeffries analyst covering sony. topline looks really good, across a number of segments, quite a bit of strength, the turnaround intact, but what of the criticism that gains were from one off elements or they came off a low base from t

he is not going to get the past that barack obama got when he fumbled the bp oil spill.e's the ceo that we elected him to be and there's no room for era. they they are ready to pounce on him with anything that goes wrong. rachel campos duffy and dan ryan thank you for being with us. that's it for us. that's it for us tonight to thank for joining us. we hope you have a great weekend. congressman trent franks and ambassador alton are among our guests on monday and please join melissa on "after the bell" at 4:00 p.m. right here on "fox business" every week day.od nigm gregg jarrett in for lou. kennedy: tonight the president is threatening a shutdown unless congress funds his wall. bret baier has the scoop. espn digging a deeper hole for itself over a memo, a reporter, a football game in charlottesville. and what are the worst and best college degrees for getting a great-paying job? brian brenberg breaks count list. when looking at president trump's poll numbers and his

bp has almost $40 billion in debt. the company posted second-quarter profit that beat estimates.the latest bloomberg business flash. what's next? battle of the charts, risk versus conflict. one index plunging, the other surging. this is bloomberg. ♪ vonnie: -- mark: drum roll. to start this off well. i'm taking a look at the city macro risk index. this is a measure of prices and move depending on risk aversion. higher this goes, the more risk-averse people are. every timets here, this reached somewhat of a low. each time it hits this low you can see this index tends to -- people are not too afraid, and that it surges of people become risk-averse. i want to point out what happened recently. this yellow circle over here was may, when the index hit its lowest level in 7 years since 2010 which was the lowest ever. it is starting to lift up beyond that blue line i marked there. the question now is, is this index reverting? will we see a surge in risk aversion? something to keep a track of at g #btv65. mark: vonnie, what have you got? vonnie: that is certainly a hypothetical, mark. min

despite louisiana's budget lows, they have money to do this because of the bp oil spill. they have gotten settlement funds that they have put towards restoration. in some cases they have decided to move ahead on their own, but they do not release permits from the army corps of engineers. the links of time that it is taking the court to study and sign off on these things, the state of louisiana says it is not acceptable given the pace of wetlands they are facing. host: you're talking about timetables. give us examples. the biggest example, obviously any local you talk to who has worked with the army corps of engineers will complain about this. a lot of these regulations and study exist for a good reason. the length of time that it takes to study things is not going to keep pace with the challenges that a place like louisiana is facing. and other communities with sea level rise are likely to face. a good example is an innovative idea that the state have been pushing for well over a decade. congress signed off on it well over a decade ago. part of the wetlands problem in lou

he is not going to get the past that barack obama got when he fumbled the bp oil spill.e that he's the ceo that we elected him to be and there's no room for era. they they are ready to pounce on him with anything that goes wrong. rachel campos duffy and dan ryan thank you for being with us. that's it for us. that's it for us tonight to thank for joining us. we hope you have a great weekend. congressman trent franks and ambassador alton are among our guests on monday and please join melissa on "after the bell" at 4:00 p.m. right here on "fox business" every week day. good night from new york. from "fox business" headquarters in new york city the new "wall street week". maria: welcome to "wall street week" a program that analyzes the week that was and helps position you for the week ahead. i maria bartiromo. coming up in a few moments some of the biggest voices in the startup scene will join our roundtable. headlines impacting everything from wall street to main street this past week. reporter: federal reserve chair janet yellen is at the annual conference in jackson hole

he waited until the bp oil spill, had to use that to get control of it.e toughest place in presidential communication, we've also seen presidents in the past look like they are dying an end weathering behind the desk. >> juan: it's a big stage but said it's a depreciating currency, when you use it to better use it well for the first time. the networks especially after they see you use it as a publicity stunt, they're going to buy offer that's going to hurt you, they didn't cover and oval office address. i think back to president george w. bush after 9/11. the whole country sat down and watched and understood the magnitude of the situation. unless you are saying the situation is truly a great situation of concern to every american and i need to speak to you tonight, be careful about over using it >> kimberly: don't listen to one. >> juan: just recently what i was hearing from republicans on capitol hill, why is the president not out there pushing the health care bill for us? it's before he has a chance to do something different on tax reform. >> chris: the

. >> we will see how bp will open this morning, second-quarter numbers from the company it beat estimatesll be reducing expectations for the company over the last couple of weeks. they have a lower bar. meanwhile, debt continues to build as the cash flow is -- with payments lynch to the u.s. gulf of mexico oil spill. >> it is a mixed bag, good news. there are generating a bit of payments, the continued to be a drag for the company, and it is starting to show it in the rest of the european oil majors. we had some upbeat statements from shell, and others, but it is harder to get a view on these numbers. most importantly, debt continues to rise. the of added $10 billion of net debt in the last 12 months. it does leave them vulnerable to another slump in oil prices. tinto reaping the benefits of a rally, and its investors will get bigger words. the world's second-largest mining company is beginning a billion dollar share buyback this year. the company reported earnings of more than double from a year ago. >> a very strong set of returns of cash3 billion returns and $2 billion of dividends. it

in their being region and in particular in the calumny, port aransas the power provided there is an bphere are still 107,000 outages that is an improvement since the last time i reported, which was around the 138,000 model. but the good news is there are many new power crews that are now working in the region to reduce the power outages. since the last time i reported, there were two other power companies with reports. our number showed that centerpoint has a little bit more than 90,000 power outages and that would be primarily in the greater harris county region and also entergy has more than 81,000 power outages. they are all working as quickly as possible to restore power. the text is -- tecq has been working with the epa on a daily basis to address environmental race issues. they have deployed rapid need teams to assess needs that have arisen in certain areas, including water and wastewater assessment teams, especially focused in that regard on the the side and rockport area. a report from the texas parks and wildlife, and they have 5000 evacuees at state parks in the state of texa

uer>>nd armour weakest performer on s&p take a look at shares of bp today.go loss, continues to be affected by costs related to that gulf of mexico oil spill in 2010 >>> let's head over to sue herera with a news update. >> good morning, everyone. vice president mike pence is in t bichlt tbilisi, georgia, where he met with the georgian prime minister. >> president of the yunited states of america, president donald trump sent me here with a simple message for you and for the people of georgia. we are with you. we stand with you. we are proud of our friendship. >> pakistan's lower house of parliament voting in a new prime minister, ruling party candidate will replace deposed prime minister sharif who resigned friday after supreme court ruled he faced corruption charges. venezuelan opposition leader was removed from his home this morning, currently under house arrest by order of the venezuelan government. allies of the opposition leader says he was taken from his home as well while under house arrest lots happening in the world today. that's the news update this

president obama golf during the bp oil spill, he golfs during the flooding in louisiana last year thess praised him. now it trump lacks empathy because he didn't go put his arm around and cry with a survivor. i'm not so sure that's what counts. it boils down what liberalism is. liberals care about showing people that you care about their lives were republicans just want to save lives. >> greg: do you think that watching this stuff will change the minds of anybody who are already in a divisive mind-set. anti-fire is good to watch this and say it gee i am a loser, i walk around and of the skies all day and beat up people, you know what i'm taking this off and i'm going to find a job. >> kimberly: they're going to shed their cowards masks and hug everybody. you bring up a point about the president people criticizing him for not going to the victims. people understand the practicality and what happens when a president comes in like that, especially devastation that's already suffering. they have to shut down such a large perimeter that really changes the game. it prevents people from gett

five words that are uniting berkeley and other cities across the bay bp. >> a san jose state professorsanctioned for sexually harassing your student. student uproar leads to change. >>> i didn't want to put myself in that room. >>> good evening. >> we're following developing news out of berkeley. late today the city denied a permit for sunday's controversial anti-marxist rally. >> that's not expected to stop hundreds of people from coming to that city. abc 7 news reporter laura anthony is live in berkeley to explain why. >> reporter: the mayor said this group did not apply for a permit for sunday's rally. we learned this afternoon the group did apply last friday. we obtained a letter from the city denying that permit for several reasons including lack of proper security precautions. >> we don't have an option to not fight back. >> reporter: they are a coalition of groups rejecting the plea from the mayor of berkeley to stay away from sunday's anti-marxist rally. >> fight from where you stand. you choose to method. >> we're not here to cause violence. >> reporter: amber cummings claims

they said by 2020 we could do at least nine euros of bps. the next iteration of machines that they're rolling out at the moment that management has said they're at an inflexion point now, they've got 5 billion plus euro i think that mind-set is very, very achievable, you could be looking at 10, 11, 12, something like that. which i think allows asml to grow very comfortably. >> my question to you is to what extent asml is at risk from the likes of apple and samsung which are now trying to streamline the production of ships in-house they want to build this vertical integration. they want to simply not use the likes of asml. and i think there was a big story of one of its partners is it asml with apple and smith not meeting them >> intel is actually 108% investor in asml so the interests to the businesses are very close aligned. i think what's fascinating if you ache asml's biggest customer, intel, "today's take," samsung, every one of those businesses, totally in line, and it's supporting the technology that as said ml ml you appreciate the im

cost as much because they will be happier to meet you that if you are trying to get in with the cfo of bp thank you so much, great work breaking that story. let's look at european markets as we head to the close. while u.s. stocks have recovered , the stoxx 600 down more than 1%, heading for its worst week since november. fx, broad dollar losses following the u.s. report .1798 and-dollar 1 sterling flat. ♪ ♪ track your pack. set a curfew, or two. make dinner-time device free. [ music stops ] [ music plays again ] a smarter way to wifi is awesome. introducing xfinity xfi. amazing speed, coverage and control. change the way you wifi. xfinity. the future of awesome. nejra: live from london and new york, this is the european close. i am they are cherish with vonnie quinn. let's take you to all the market action today. just want to show you this contextual chart. you know the cliche sell in may. this chart showing it is alive and painful in europe. this is normalized from the start of may. since then, the index in yellow and s&p 500 have both gained by what looks like 6% and 2% respectively ov

he is not going to get the past that barack obama got when he fumbled the bp oil spill.d there's no room for era. they they are ready to pounce on him with anything that goes wrong. rachel campos duffy and dan ryan thank you for being with us. that's it for us. that's it for us tonight to thank for joining us. we hope you have a great weekend. congressman trent franks and ambassador alton are among our guests on monday and please join melissa on "after the bell" at 4:00 p.m. right here on "fox business" every week day. >> a wild west pioneer... >> there's a saying, "the cowards didn't come." so you had to be brave. >> he truly was the john wayne of the 19th century. >> he leaves behind a trunk of relics... and a classic, woven into the fabric of america itself. >> there was a pair of old blue jeans in here. >> what'd they look like? >> they said that they were the oldest unworn pair they had ever seen. >> that's unbelievable. >> so are the lengths to which folks go for vintage old denim. >> finding any levi's pre-1900 is a massive rarity. that's the holy grail. >> what d

the brain of donald trump, i actually have a slide, like here is donald trump, here's what he care bps ans when the people that he calls on the weekends, late at night, one of those will be steve bannon he took him through the last 2 1/2 months of the campaign, was vital to his victory so he won't be totally going away where you do see influence is some of the key issues, he won't be that voice in the room. he was really kind of trump's brain on issues of trade, afghan policy and also russia, as well. >> where it's all gone wrong for trump has been in his tweets about the confederate statues and also in chaotic press conference where he failed to classify exactly who the protesters were and to label them so how do we draw out of this the fact that trump is still not going to be the biggest enpli in t enpli enpli in the room? does john ellie hahe wil kelly e reining trump in >> if you think about it, you can rearrange the chairs anyway you want to, the captain is the captain and that is donald trump. so i do think what where he beginning to see is a slight moderation at least in the twe