over what was the french concession in venezuela to british petroleum to b.p. now to endure a government that was 2 years ago of the manure government simply handed b.p. the french concession in venezuela there would be no problem with the madeira government but madeira said no we're keeping it we're going to give it to the to the venezuelan oil company pay to mesa and and it was at that point that the british government and of course all the other european governments said well then in that case you're not a legitimate president you would have been quite legitimate if you turned over the oil to b.p. well as you know b.p. and european union governments will deny that and say it's all about human rights act show me and we could also talk about the optimism of the return of the pink tide maybe the late today i want to ask you now though about voter suppression you're an expert on it will the 2020 election in the united states be fair. no not a chance america is a great imitation of democracy but we remove in the last 2 years are you ready for this united states a

lot in the last 2 years continue to grow and some companies some legislators company express british petroleum g c b. and the others there if you think they are good in conditions there was they are working with our so they are doing the business and it's not just the quality of the log because of goes sanctions are a part of the relationship between the 2 nations and russia and presumably it came up at the reception in the business people speaking to you when they fearful of 3rd party sanctions now being threatened by the united states with companies trading with russia. we're leaving under threat or from your sanctions for a number of years but the more sanctions are being implemented against russia the stronger russia is becoming and we are finding different means and ways to leave independently from economists or because countries like the united states . how to deal with i would own pillow problems just. getting out of the influence of the dollar and other instruments that we have disposable for united states and european union and you see that i would equate i mean ease and i was steadil

will tell you right now, while i was waiting in the green room, i increased my positions in british petroleumtechnology. kristina: why? >> these names are dipping right now. costco reported a little while ago that all names will benefit from the expansion of 5g technology, which is a chinese story, or from trade itself. i believe the whole story begins with the yield curve. as spreads widen at the long end, all right, this becomes -- this is where supply comes from in terms of net interest margin which is where business investment has to come from. now, if growth is perceived looking forward, that's where demand comes from. this is why you need to be, i will give you the list right now. check the semis, financials, energy and communication stocks. kristina: rob, what's your pick? one name. >> you got to be in technology. i think after 20% something run in the market you want to play it smart. you want to be in business essential technology that's going to be immune to recession. look at names like palo alto net works, it will go from $2.4 billion in sales to $4 billion in sales. look at a com

british petroleum. bp we talk about about exxon, chevron, varl owe, some of the names but the other names. >> the underperformer for the year if you go back two years, three, four five years, the xle done nothing you have sat there -- i agree with the plays and tim you have done -- dsh you've had the trades where you can can make a lot of money where you can see let eye of money stocks could trade up 30, 40, 50% in 30 days. but other than, i don't know if they're invest sfwloobl and the beta names move extremely fast then the derivative side of the world you get a stock up 5%. those options are probably going up 30 or 40% so the derivatives world really gives you the tune to get the torque in the. >> sum ber jay since october up 20%. talking about since october talked about the double bottom at $30 now 36 and change now you get analysts upgrading deutsche bank upgraded to the 42 price target yes on the broad scope they underperformed but still go up another 20% and still be relatively cheap i think slb

into this saudi arabian stock, does that draw energy money out of exxon, out of chevron, out of british petroleum and royal dutch? >> yeah, well, great question but it's yes and no. depending on if they are cap weighted or certain percentage of their assets have to be equal weighted in the names but most definitely it will, by what percentage, it depends on the by-laws of the mutual fund in the etf. liz: gentlemen, thank you for speaking with us. with the closing bell ringing in 47 minutes, gm's shocking announcement. this is an interesting one. yes, we will be right back on the fact that just as general motors closed a plant, they are opening a new one. interesting. got to hear this. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it come

we are keeping an eye on and the amongeights in industry the nifty stocks, so a reliance in british petroleumorward with the indian partnership. they have signed a definite agreement. the stock has reacted positively. m isink there is --shrira on account of deteriorating asset quality and finally, motor's is up around 1%. recovering from the 52 week low we have seen since the month of september. reports indicating the company is already in talks with chinese companies and this would be in the form of direct investment or joint venture. the stock is up about 1%. back to you guys. rishaad: thank you for that. numberslooking at the on the sensex index. tata to the 1.3%, upside. all of this against the backdrop of tensions remaining very high across india. protests continue against a controversial new citizenship law. violents of sometimes protests from new delhi to mumbai. let's get to our reporter. give us a sense of the mood on the street and what the demonstrations are all about. the constitution, the secular constitution of india perhaps is challenged. this is perhaps the biggest challenge p

we have this from john lloyd brown at british petroleum.nce big oil can shift to a new and different world? jim: not necessarily at the moment, but i think linking at partly to what we touched on, touched on,ng -- everything in business is about risk versus reward and if they perceive their share will completely collapse unless they are a lead player in the speed of moving to alternatives, that is kind of what is really necessary. i can see that coming. another thing christine lagarde touched on a little bit, are we looking at a world in the next two or three years were central bank regulators have capital to -- linked to what are you doing in the battle for climate change? that could be enormously relevant. francine: jim o'neil from chatham house speaking about new will both feel and has talked a little bit about the european commission putting forward this green deal that will overhaul how it polices businesses and manages trade based on environmental factors. industry that is affected is the airline industry. you for joining us on bloomb