alix: north america and bp, how critical is north america to bp? susan: huge.n terms of the 70 countries we do business in, our footprint is biggest here. we do everything here that we do globally. 40% of our stock is held here. it is a material part of our business. alix: and it will be a huge part of your shell business with the integration of bhp assets. from your perspective, how is the integration going? what do you get to bring to these assets in a fresh way? susan: it is going really well, in terms of just the integration itself. we took over operating the new assets on the first of march and it is going very well. i think we bring some fresh perspective on operating in a very efficient way, and we also bring more gas wells. they are world class in terms of the efficiencies of the gas wells. we're looking to deliver about $240 million in synergy this year alone, our first year. we are well on the way to delivering what we promised to deliver. it is an exciting business. alix: as you zoom out of the u.s., where do you feel like the bottlenecks are? the pi

alix: north america and bp, how critical is north america to bp? susan: huge. in terms of the 70 countries we do business in, our footprint is biggest here. we do everything here that we do globally. 40% of our stock is held here. it is a material part of our business. alix: and it will be a huge part of your shell business with the integration of bhp assets. from your perspective how is the , integration going? what do you get to bring to these assets in a fresh way? susan: it is going really well, in terms of just the integration itself. we took over operating the new assets on the first of march and it is going very well. i think we bring some fresh perspective on operating in a very efficient way, and we also bring more gas wells. they are world class in terms of the efficiencies of the gas wells. we're looking to deliver about $240 million in synergy this year alone, our first year. we are well on the way to non, but where you see the issues in the next three to five years? susan: i think pipelines will be key, but i also think the shipping infrastructure

bp exits alaska.y sell their business in the state for $5.6 billion saying it is no longer a competitive investment. good morning. matt: good morning. we are looking at bund yields down to -70 basis points right now. take a look at the three-day trade. yields continue to follow how lower -- fall lower and lower. for the most part, futures are pointing to a negative open right now. we have futures down just marginally on dax futures and ftse futures. futuresowing -- cac falling more significantly. anna: we look at europe versus the u.s.. we will see how that levels itself out. i have a mixed picture coming through in the asian session. a bit weaker over in the chinese markets. the investment community really struggling for direction around the trade story, trying to guess what happens next on trade, where the white house and beijing take us next on this one. we see the dollar of a bit stronger. some movement to the downside in other currencies. the new zealander dollar, citing in that region the dovish

details behind bp's plan to ditch the klondike after 60 years.s is the big number of the day. 21.8%. that's the average tariff china would slap on u.s. goods if both sides decide to go through with their trade threats. they are set to take effect this sunday for context, the average chinese tariff on u.s. goods at the start of last year is just 8%. you see, we're always trying to make you a little bit smarter here on cnbc and we're back with more right after this. ♪ ♪ applebee's handcrafted burgers now starting at $7.99. now that's eatin' good in the neighborhood >>> shares are higher and posted better than expected second quarter results even as profit or revenue fell. hp also warning of softness in the computer and storage markets and trade tensions lead to uneven demand. stock is up nearly 6% by the way. hp ceo will be on squawk on the street on the flip side, shares of auto desk are tumbling. cutting it's outlook for the year and that stock ouch down 10% now. and these boots are made for walking right out of alaska and bp is selling it's asse

corp is doing the exact opposite of what bp wants to do.olleague is from texas but he is buying assets outside of the shell patch in places like wyoming or alaska that are not the sexy growth prospects that are generating revenue and look to be steady streams of money for years to come. nejra: great to have you with us, thank you so much, dan. word newsthe first with annabelle in hong kong. the federal reserve should not bow to pressure to fix the damage caused by the president's trade war, according to the former new york fed president, bill dudley. the comments through widespread criticism. a spokeswoman for the central bank saying political considerations play absolutely no role in decision-making. an opportunity to restart brexit talks with the eu after prime to boris johnson's meetings last week with his german and french counterparts. theyofficial told us intend to relax their language on the need for the irish backstop. bank is concerned it has tax research -- tax returns from the house democrats related to financial information on p

>> well, the big three were and are bp, exxonmobil, and conocophillips. over time -- the names have changed as companies merged and absorbed each other. earlier in the day, what's now conoco was really arco but the big three players haven't changed much. the big two are bp and exxon. >> you mentioned their influence of the -- over the legislature. what did that mean for regulations regarding oil in the state? >> that meant it was always an enormous battle to get any new regulation in place and the trend really ran in the opposite direction. regulations tended to get looser, not tighter. that really was a factor in what happened in the oil spill. most regulation having to do with the operation of that tanker, the exxon valdez, were federal in origin and focus. the regulations having to do with cleanup, on the other hand, were fundamentally at the state level and that was part of the problem that regulations were a big part of the problem in the spill. the federal oversight of tanker operations was too loose. and that's why the tanker hit the reef. and the

they will pay $5.6 million to purchase all of bp ‘s interests in the us state. its spot as the world ‘s fastest growing economy. letters this week we will find out if it has bounced back and thatis find out if it has bounced back and that is when economic growth figures are released. the slump has affected industries that the countries and its people rely on. so what is the damage? india ‘s economy appears to be losing steam. are bad is it? well, that can be gauged by looking at a few key industries. india ‘s auto sector is facing its worst crisis in two decades. sales of cars, motorcycles and scooters are often seen motorcycles and scooters are often seen as a barometer motorcycles and scooters are often seen as a barometer of economic growth. that they have been sliding dramatically. india ‘s largest car manufacturer has posted a 36% drop in sales and has axed thousands of jobs. hundreds of thousands of factories that supply parts to the auto sector have been hit as well did many auto companies across the company — my country have been forced to temporarily st

bp has managed it? bp has outperformed estimates whereas shell has underperformed.y because of the change in these wholesale energy markets. what's happening in the mention of chemicals and refining? what's happening in the mention of chemicals and refining ?|j what's happening in the mention of chemicals and refining? i think they're not alone in being under pressure in regard to refining margins. they also had some unplanned outages in asia on the refining side, and in regards to petrochemicals, that is a global industry, very much exposed to global trade, so it would've seen in recent times our concerns over the us/china trade talks disputes, and generally macroeconomic weakness. we've seen a slowdown in europe, particularly germany, and concern over brexit as well. so the petrochemical side is exposed to global trade and has taken a hit in that respect. but in a way that all companies are very often a bellwether, the whole global economy, doesn't really warn us that we're about to hit a fairly slow patch? i think the macroeconomic conditions are certainly challe

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bp shares jump after it sheds alaska assets for $5.6 billion pulling out of the state after 60 years as it seeks to boost it's balance sheet thomas cook agrees to key terms of a rescue package with stake holders sending shares sharply lower as brokers warn it may lead to a delisting of the stock: >>> a very warm welcome to street signs big day in italy not only on a political front but we have a little bit of data on the confidence front we have italian consumer confidence for the month of august that's fallen to 111.9 versus july at 113.3. in terms of business confidence, that has fallen to 98.9 versus 101.2 in july so that is below the 100 level. that's fallen to 9.7 a ton census looking for 99.8 and that's dropl whiche have seen in july. so moral taking a hit. he called the end to the coalition and called for a snap election now you just saw there on the screen, the euro trading slightly higher versus the dollar you can see it's fairly resilient. let me bring you up to speed in terms of the politics in italy the talks hang in the balance ahead of today's deadline to find an agreem

. >> announcer: "this week" with george stephanopoulos sponsored by bp. george stephanopoulos sponsored by bp. one of the windiest places in america. and home to three bp wind farms. in the off-chance the wind ever stops blowing here... the lights can keep on shining. thanks to our natural gas. a smart partner to renewable energy. it's always ready when needed. or... not. at bp, we see possibilities everywhere. to help the world keep advancing. did you know you can save money by using dish soap to clean grease on more than dishes? try dawn ultra. dawn is for more than just dishes. with 3x more grease cleaning power per drop, it tackles tough grease on a variety of surfaces. try dawn ultra. imagine. megared omega-3 power for your whole body. now with an antioxidant blend for great sleep, refreshed skin and less stress. one softgel. 7 benefits. new total body refresh. power your day with megared. [ aevery box has a mission: to protect everything inside from everything outside. when what's inside matters, count on boxes. [ doorbell rings ] paper and packagin

the big two are bp and exxon. >> you mentioned their influence over the legislature. what does that mean for regulations regarding oil in the state? >> that meant it was always an enormous battle to get any new regulation in place and the trend really ran in the opposite direction. regulations tend to get looser, not tighter. that was factor of what happened in the oil spill. most regulations having to do with the operation of that tanker, the exxon valdez were federal in origin and focus. the regulations having to do with cleanup, on the other hand, were fundamentally at the state level. that was part of the problem. regulations were a big part of the problem. the federal oversight was too loose and that's why the tanker had to leave and the state oversight of cleanup was too loose and that's why the company that runs the system was just unprepared for a cleanup. for the first three days or so there was no clean up effort. there was ideal cleanup weather. they had sound at that time of the year. they had three days of really good weather after the spill. we had this

bp is an energy giant.

bp is an energy giant.

. >>> bp agreed to sell to privately-held hill corp. to li more than 5 b dollars. the plan to raise $10 billion over the next two years to strengthen its balance t. bp has operated in that region for about 50 years. >>e shares were up a fraction to 36.60. as reported at the top of the program, purdue pharma is reportly offering as much as $12 billion to settle opioid claims. now, this follows lastnight's ruling against johnson & johnson for its role in thi epidemic. as megll ter reports now from norman, oklahoma, there is still a lot more litigation ahead. ♪ >> reporter: au t >> austin box was 22 d a linebacker for the university of oklahoma. his dad craig said it was his dream. >> he s a tremendoustudent and athlete. he graduated high school early. he was recruited heavily t play baseball and football at various colleges. >> after an injury austin took opioid pain killers prescribed for aituptured disk. as a shock to his parents when in 2011 he died and opioids rere found in his system. >> there were fou or five different kinds in his system at the time of his dea

the big three are bp and exxon . >> you mentioned their influence over the legislature. what did that mean for regulations regarding oil in the state? >> this was always an enormous battle to get any new regulation in place and the trend ran in the opposite direction. regulations tend to get looser not tighter that was really affect in what happened in the oil spill. most regulation having to do with the operation of the tanker of the exxon valdez were federal in origin and focus. the regulations having to do with lena, on the other hand, were fundamentally at the state level and that was part of the problem regulations were a big part of the problem. the federal oversight of tanker operations were to lose and that's when the tanker hit the reef. the state oversight of cleanup readiness put to loose and that's why alaska, the company that runs the tanker terminal escort tugs were just unprepared for cleanup. so, for the first three days or so there was essentially no cleanup effort. it was ideal cleanup weather. they had weather and characteristic for that time of year.

these crews are prolific and there's other crews out there that this is the establish our bp go out and find the next crew them out one by one."> (2-shot/pam) today palo alto's gunn high school turned a threat against the school ... into a teaching moment..(2- shot/catherine) kron four's rob fladeboe talked to students and police about that threat... which was allegedly made by a 14- year-old gunn high school student. a live look outside right now... as we get our first look at the four zone forecast with chief meteorologist lawrence karnow. homes and businesses... el cerrito police say, someone is firing a b-b gun in neighborhoods.... with complete disregard for the community's safety. kron four's philippe djegal shows us the damage... and has a look at the vehicle possibly used to commit the crimes. (catherine) an antioch woman has been arrested... after a string of thefts at bay area sporting goods stores. police say 31-year-old kiaira fluker is one of three people suspected of stealing 7-thousand dollars worth of merchandise august 2nd from the big 5 store in milpitas. police say sh

bp doing pretty well. it bucked the trend for european majors.cfo saying they put in a solid performance, and also saw higher production, something we have just seen from exxon, too. what to expect from chevron as we hear from them later? we heard that exxon did better than has been expected, in line with what bloomberg intelligence was saying to us earlier. what will be interesting on the call is if we hear anymore about global concerns, global demand concerns from the executive team. also, anything we might learn with regard to u.s. production. we are still looking at u.s. production toward record highs. both exxon and chevron have been late to the party here. exxon is now one of the biggest producers in the permian. that is quite interesting, given what we learn from independent producers in the permian, the original shale darlings. i'm talking about the likes of apache and whiting. really not looking good for concho or whiting, reporting some disappointing second-quarter earnings, stumbling and lowering production estimates. analysts for thes

sed it. thates y givand automatic internet bp like power that can keep your business runningrt.with ourpeed network. or better savings than your current internet service, w'' for your time. call now to get your comcast business 10 minute advantage. comcast business. beyond fast. announcer: to take yr kids t announcer: we think it can the last three parts. them announcer: this summer, volkswagen is supporting america's teachers. announce l visit your vw dealer earn how you can join in.ce announur volkswagen drive bigger event,n get a $1,000 purchase bonus on 20 et19 j , and select atlas models. tioning made possible by warner bros. domestic television st cricaapptbuiotin incontent au --www.ncicap.org-- th.]e edish government kys spoken, a$ap r--oc s a criminal there. >> the panel of judges said that a$ap rocky is guilty. however, prosecutors did not prove that ap he$atius am.ed b is a$ap hap >> oh, yeah, it goes on his resu.ad fatson they went to the new "star wars" ey both got lightsabers. >> i was there on sunday.he >> wn you go, there is a w lingo thholeatou >> really immersive.you're

we are planning bp around the $55 per barrel. have big downside issues potentially with venezuela, iran. a lot of uncertainty there. crude coming on and supply. chinese demand, right now, the first half of the year a little bit of softness in demand but it is coming up. hard to predict but we will be fine. 's quarterly profits has missed estimates after the price slump. despite weaker than expected earnings shell will continue the $25 billion buyback program. >> predicting a big oversupply next year and numerous signs of a slowing global economy. will those things converge into a lower oil price next year? >> there is a number of factors at play. i do not think at this point in time it is the long-term fundamentals at play when it comes to the oil price. it is much more sentiment and shorter term aspect of fundamentals. what we are seeing at the moment is a weakening of the macro environment. a slowdown, a trade war. all of these effects have a direct effect on the growth of oil demand. and also on the sentiment around it. >> rio

and if bp cannot get out of its own way if you want to cost intel, try looking at whiting or worse, concho in other words, stay away. please don't get me wrong, i don't think we've heard the end of the recession talk. they can't stop yapping about it boy, oh, boy, the mountain of bullish evidence is hard to anything nor on "mad money" tonight, feel like the fun police invaded this market i'm eyeing six flags versus seeder fair to see which can put the roller coaster action to good use and one of the hottest groups in the market i'll reveal tonight's off the charts but first, despite the slowing economy here in the u.s., the consumer, the consumer remains strong i'm taking a look at what they are spending, buying and the companies that you need to buy shares in. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets, send jim an email to m madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. hey! i'm bill slowsky jr., i live on my own now! i've got xfinity,

bp is selling its alaska business to fill court for $5.6 billion. it is part of a plan for bp to divest $10 billion of assets in 2019 and 2020. it is selling its alaska rp, $5.6 to hilco billion. up, tobacco giant philip morris in talks to reignite -- reunite with altria. it would be an all stock deal. we will have details next. this is bloomberg. ♪ vonnie: this is "bloomberg markets." i'm vonnie quinn. flames of m&a, word on the street of a possible merger in the tobacco business. philip morris concerns -- confirms it is in talks with altria. there is no assurance a deal will be reached. altria spun off a lot more is more than a decade ago. joining us now is craig. the market has taken a while to digest this story. why would both stocks be lower if reunification is a good idea? morris was down yesterday as speculation started to bubble up, down when this first hit in the morning. frome have seen altria go way up to slightly down. 2008 andpanies went in now people are arguing it make sense to put them back together. there are obviously questions abo

. >> bp has bucked the trend set by other european oil companies last week.ts cash flows reached $8.2 billion in the second quarter. the highest since late 2017. let me to -- let me talk to you about the price. the iea is predicting a big oversupply next year. are you concerned with global growth issues, are you concerned about oversupply? >> a lot of uncertainty in the market. we are planning bp around the $55 per barrel. we are above the planning range. you have big downside issues, potentially with venezuela, iran. a lot of uncertainty there. crude coming on and supply. chinese demand, right now, the first half of the year a little bit of softness in demand but it is coming up. hard to predict, but we will be fine. >> shell's quarterly profits has missed estimates after the price slump. the volumes slipped 3% year on year in the third half, but -- the first half, but despite weaker than expected earnings shell will continue the $25 billion buyback program. >> the iea is predicting a big oil oversupply next year and numerous signs of a slowing global econom

spot behind bp, a bright for the energy giant.e curtain on north american operations. therices in pemex, president says that the company will not get a gas -- a cash infusion. beyond meet's biggest -- meat's biggest fan.

. >> it looks like a little >> probably has no idea he has bp doing it too. >> that's the thinking until video continues and we get another angle of the driver pulling over, getting out, checking the car and the back of the truck and checking all off right here on camera. the owner of that car, he had done it. >> what did these guys do? drove off? played dumb? >> they wanted him to take care of the damages that wrack up to $200. the owner of the car also makes it very clear, he doesn't want the driver of the truck to fired. >> what is there to investigate? it seems to be pretty clear on this video. >> pretty clear here in russia as well. one kid and goes off to get the other when suddenly, the car had a mind of its own. the car now runs into another and runs into another. the car also hits the front porch of that condominium building and reports are that she got out without putting the car in park. >> she's had a lot going >> what we're going to do? >> did you leave him tied up and locked in a closet? >> one of his challenges. >> let's be honest. he had a terrible idea. >> i'm going to g

and home to three bp wind farms. in the off-chance the wind ever stops blowing here...n shining. thanks to our natural gas. a smart partner to renewable energy. it's always ready when needed. or... not. at bp, we see possibilities everywhere. to help the world keep advancing. a life time. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. if your dishwasher doesn't get dishes completely dry... try finish jet-dry's new stronger formula. it dries 100% better than detergent alone - even plastics. get dishes drier than you ever thought possible. try finish jet-dry. when you have diabetes, ♪ dietary choices are crucial to help manage blood sugar, but it can be difficult to find a balanced solution. try great-tasting boos

a video that will be the longest tease ever but it's bp a pretty long journey. >> it's andrew and alley. congratulations. it's been a long process. >> what they're playing is a vieoe are congratulating her on the great news that she is pregnant. the thing is everybody in this video also knows something that she doesn't. the sex of the baby. >> you had a long journey but you're going to make great parents. >> congratulations you're having a -- >> congratulations you're having a -- >> baby. >> okay. fine. >> congratulations. >> come on! >> and it goes on and on. all kinds of faces very familiar to them and in some cases familiar to us. >> hi, kelly, dr. drew here and i know you have been through a lot. >> dr. drew pops up in the video as well. >> my wife and i went through the same thing. we had triplets as a result of fertility. >> what he is talking about there is similar to the journey they have gone through. a six year journey. hundreds of hospital appointments to finally get across the line. >> i know the biological sex of your child. congratulations kelly, you're having -- >> a bit

at bp, we see possibilities everywhere. to help the world keep advancing.hey give us excellent customer otservice, every time.e. our 18 year old was in an accident. usaa took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today. mno kidding.rd. but moving your internet and tv? that's easy. easy?! easy? easy. because now xfinity lets you transfer your service online in just about a minute with a few simple steps. really? really. that was easy. yup. plus, with two-hour appointment windows, it's all on your schedule. awesome. now all you have to do is move...that thing. [ sigh ] introducing an easier way to move with xfinity. it's just another way we're working to make your life simple, eas

even schlumberger >> i feel pretty good about them the super-major integrated, which i own and the bpssee a major, major collapse in energy prices likes sub-45 before you even want to have that conversation we're just -- they're safe, they're fine. >>> next up, al from california wants to know -- what is up with allergan. >> we initially bought abbie, and part -- we like allergan, great products, i would own it i do own it. >>> next question is about beyond meat. is it still overhave a valued. we go to josh, obviously. >> it's a food question, you want me to answer it. >> are you going to grill? >> it's still overvalued guess what, that tells you absolutely nothing we did a couple block posts, it was 40 times sales when it came public at a $50 million valuation. that 40 times sales tells you absolutely nothing about the fact that it would one day be a trillion dollar company. so this is the type of situation where i think you focus on the growth, you focus on the valuation way later, and by the time the market does fixate on any of those valuation metrics, probably that's when you want

at bp, we see possibilities everywhere.vancing. ♪ living well do you often wake up with chest congestion? or suffer excess mucus? try mucinex 12 hour. the bio layer tablet immediately releases to thin and loosen excess mucus. and lasts for 12 hours. mucinex 12 hour. excuse me, um... do you mind being a motaur? what could be better than being a motaur? for those who were born to ride, there's progressive. >>> some big questions in the wake of the jeffrey epstein death, including what happens to his estate and could his accusers see any of the money? recent court documents reveal he had more than $559 million in assets including a $55 mansion in manhattan. let's bring in the former deputy chief for asset forfeiture and money laundering at the u.s. department of justice. good to see you. >> thanks. >> so at this point how is epstein's net worth being assessed and who is actually assessing it? >> well, what his net worth might be is of interest, of course, to any of the victims who have retained counsel and are going to try to

the top five are petrochina, exxonmobile, bp, sinopec, and royal dutch shell. investors used to love fossil-fuels as a way to make lots of money. but now many are frightened of holding stranded assets. investment is turning into divestment. investors s are reversing cour, shedding stocks and bonds in coal, gas, and other climate-killers. norway is taking it very seriously. its sovereign wealth fund is pursuing a program of divestment. how well is it working? reporter: norway's sovereign wealth fund has assets of nine trillion norwegian kroner. that's roughly a trillion euros. it's known as the oil fund. it invests worldwide, and is run by the centrtral bank. it w s set up 199990 d is n n the m of theund is tensureinthe. respsiblble nagement of vevenue om theheountryry oil and s resours for th benet of current anduturure generations. so what do resespoible management mean? the fund's investments have become a topic of heated debate. the norwegian parliament has barred i it from ownining stakn a range e of arms, tobobacco,d fossil-fuel firms. it hasadad to sell h

that's why bp is partnering with a california company: fulcrum bioenergy.arbage into jet fuel. because we can't let any good ideas go to waste. at bp, we see possibilities everywhere. to help the world keep advancing. you should be mad at leaf blowers. [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. for adults with moderately to severely active crohn's disease, stelara® works differently. studies showed relief and remission, with dosing every 8 weeks. stelara® may lower your ability to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tb. tell your doctor if you have an infection or flu-like symptoms or sores, have had cancer, or develop new skin growths, or i

that's why, at bp, we're working to make energy that's cleaner and better.re producing cleaner-burning natural gas. and solar and wind power. and wherever your day takes you... we have advanced fuels for a better commute. and we're developing ultra-fast-charging technology for evs.. at bp, we see possibilities everywhere. so we can all keep advancing. a migfrom aimovig. to be there for the good... and not so good. for the mundane. the awe-inspiring. the heart-racing. the heartbreaking. that's what life is all about... showing up. unless migraine steals your chance to say... "i am here." we aim to change that. with aimovig. a preventive treatment for migraine in adults. one dose, once a month. aimovig is proven to reduce the number of monthly migraine days. for some, that number can be cut in half or more. don't take aimovig if you're allergic to it. allergic reactions like rash or swelling can happen hours to days after use. common side effects include injection site reactions and constipation. it doesn't matter what each day brings. so long as you can say..

bp to the upside.are exiting alaska after six decades in the state in a deal worth $5.6 billion to help corp energy. -- hil it is handing over all of its alaskan pipelines. h&m up this morning by more than 4%. they see on improvement in retail and they say that could expand to other major growth markets. matt: thanks very much. a look at some of your individual movers. let's get the bloomberg first word news. >> the federal reserve should not bow to pressure to fix damage caused by the president's trade war according to former new york fed president bill dudley. this in a column for bloomberg opinion. the comments drawing widespread criticism. saystral bank spokeswoman political considerations play absolutely no role in decision-making. deutsche bank confirms it has tax returns sought by u.s. house democrats. they are related to requests for financial information on president trump and his family. exactly whose returns? that is still a mystery. the disclosure was made to an appeals court and the panel

shell, exxon, bp, they don't want the regulations rolled back. they think there is an economic case to put the methane to market and not have it leak into the atmosphere. it is denialism for the sake of denialism. the benefit to the industry is nothing on the dollars. it is all about a crusade to even disprove any inkling of notion that climate change is happening despite the evidence before our eyes. >> what would be normal process for these discussions be like, chris in a white house, in a functioning white house when you're talking about making these decisions, the interaction between say the west wing, the president and executive office of the president and the cabinet agency? >> well, first of all you have to recognize what the mission of the white house, what the mission of these agencies is, which is to serve the public interest not to do the bidding of industry. but certainly, you have proposals that have come from the agencies to the white house that go through the office of management budget. there is a cost benefit analysis, as dan jus

you can see the time it has taken even for usmca or the disasters around the bp. -- tpp.really encourage regulators to regulate discussions things at thealifications outset, we have a good relationship. trade between the u.s. and u.k. is already extremely positive. there are few restrictions on companies doing business in the other countries. if this is going to make it better. there are not massive problems to solve. to do it quickly will be very hard. businesses our u.k. and americans hoping for a long tenure for boris johnson? is he seen as a business? >> he is definitely seen as pro-business. support aey would conservative administration over the alternative. i expect to see what's we get past october 31 if it gets past october 31 a set of expansionist policies, tax cuts, and greater spending and i think they certainly look to the u.s. over the last couple years that maybe there are some things that can be done in the u.k. to replicate what has been a successful performance here. thank you so much. up, and rough welcome for kraft heinz new ceo. the report earnings for

at bp, we see possibilities everywhere.we can all keep advancing. >>> we're following breaking news, president trump in el paso, texas on the second leg to visit two cities shaken by mass gun violence this past weekend. the president's earlier visit to dayton, ohio, was met with skepticism from some local officials which generated angry tweets from air force one when the president was traveling. let's talk about this visit that the president -- at the hospital now, the university medical center visiting with victims, first responders, medical personnel. what do you think? >> this is a trip that the president had to make. this was a national tragedy, first in dayton and then in el paso. you see there that some people have mixed feelings about him, beto o'rourke for instance didn't want him to go there and i think the end of this is is that he was there in february and he was demonizing that community and demonizing migrants, making the case for the border wall saying the border wall made this place safer when that wasn't rea

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one is speculative bp is your speculative, trades nine tiles earnings. get a flat yield, it's pretty well covered. they've done a lot of good things oxy has a lot of juice they took on occidental and darko. they yield close to 7% i don't know how safe that dividend is. >> ball from new jersey, orbcomm, a new 52 low last week down 37% in the last month. >> so when a stock gets clobbered like this, you got to come out and decide, do you believe in it still? i strongly believe in it when i recommended this, i said, this is not a trading vehicle. this is put it away in the closet in your ira a couple years. >> that still stands, the quarter wasn't as bad as the street thinks. but the reaction is what it is here's the important part. they've responded buying back shares the first time they are buying back shares. the first time they can do that. i'm buying more and again put it away, don't look at it for two years. >> that stock will make a little move there thanks to all of you as well for your questions. >>> coming up, nike making a big bet on your kids wit

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a severe dissonance here with the idea that treasury yields will go lower, and yet, any selloff, 40 bpsthe opportunity that people are waiting for to take up things that you like. these are riskier credits that are highly leveraged to the economy. do these market realities seem incongruous to you? ed: it is uncomfortable in the sense we are having a conversation around the fundamentals and growth, which affects high-yield. and then a conversation around inflation and inflation expectations, which are much more prominent on the treasury side. the fact that yields have come down is reflective of the fact of policy rates coming down and inflation expectations, less of a growth story. in terms of where we are in the cycle, i would say downside risks have increased substantially. they are much more prominent in sectors like high yield. so from a fundamental perspective, it makes sense to be more defensive there. on the other hand, investment grade, we have had deleveraging, corporates that have clean access to the markets not financing constraint. ig has outperformed high-yield yield more re

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this is a regulation that was supported by oil companies, like shell and exxon, and bp. it is the second instance recent lib where they're rolling back fuel economy standards that are actually favored by industry. it is quite a feat when you can be both antibusiness and antienvironment at the same time. it's also important to understand, methane doesn't get the attention of carbon monoxide but it's about 80 times worse in terms of a contributing factor to climate change. this is a pretty bad outcome which i'm not sure actually does much for the economy but certainly does a lot to worsen our fight against climate change. >> not everybody in business is against this, matt, as you well know the american petroleum institute for example is in a different place than exxon or shell. having said that, it's pretty hard to sell this as pro business when some of the biggest companies have said to you, look. we have done very well in selling natural gas as a cleaner alternative fuel. this sort of throws those millions of dollars we put into that out the window. >> we should not be s