just one last question on chevron. at the very least, the generation that brought chevron about, what they thought they were doing in addition to scalia saying it's a stable background principle against which congress can legislate, they thought they were turning more policy discretion back to the people because at least the agencies are accountable to the president unlike courts. the president's accountable to the people. they thought that they were making the administrative state, administrative law more democratically legitimate. and i gather from the book that you think maybe that project failed or that people decided, no, actually this isn't legitimate. >> oh, it's illegitimate, i think, for two reasons. one is the president has no way of controlling what the administrative agencies are doing. >> yeah, you stress that in the book. >> there are 3,000 regulations in a year, and they come out of all of the agencies over which the president has some kind of supervision. we're not talking about the independent agencies

one last question on chevron. at the very least the generation that brought chevron about the thought they were doing in addition to scalia saying the stable back on principle and switch -- which congress can legislate return policy discussion back to the people because at least the agencies are countable to the president unlike the president accountable to the people. they thought they were making the mention of law more democratically legitimate and i gather from the book that you think that project failed or the people decided no, this is not legitimate. >> it's illegitimate for two reasons. one, president has no way of controlling what the ministry of agencies are doing. >> you stressed that in the book. >> 3000 relations in one year and they come out of all the agencies that the president has some supervision were not talking about the agency like the sec with the commission that is running it but the treasury is one of the major issuers of regulations every year, as is hhs and others. they are directly contr

exxon and chevron is all about north america.of them had neglected for a number of decades but have recently made more plays. chevron emerging from what have been called years of production setbacks. finally they are performing. propelled by its expansion in the permian basin. we also have a chart that shows exxon finally beat production estimates, for the first time in 10 quarters. you can see that in the bloomberg. total production reported is blue, white above is the previous quarter. that is where it was estimated to get to. exxon finally beat production estimates. a lot of investors liking that. we saw a record production and chevron combine with higher crude prices, so they saw their profit double. david: when the price of oil goes up, big oil benefits. it has been going out in part because of iranian sanctions. is the president helping or hurting? is falling, of oil all because been falling, but now we see exxon and chevron rising today. oil is down every day this week. i had a chart i wanted to show you, oil over the year

we just heard from exxon, chevron, and bp. all had fantastic quarters oil was at a hundred and ten bucks a barrel price of crude down 40% from those levels exxon told us the same story since oil peaked in 2014 growing perhaps the exxon of old. in many ways, bp was the most confident. management traced out an overview of global declined. mentioned libya, iran could send the price of crude surging higher bp told us that quote, we can't see anything which would majorly move oil i tell you what, even though i think chevron is a terrific company, i think you get a selling opportunity. how am i this bearish? simple the oil service stocks would be flying here. these companies make a fortune when they put their oil where their mouth is take sh lumberger. think about that when crude hit $26 per barrel. if crude headed higher, slob wouldn't be within spitting distance of 26 and below same goes for halliburton. this was a $30 stock, and now it is only a few higher than that the huge offshore driller, ensco has surged that's why i don't t

>>woheest performing stocks were exxon and chevron. thosees compalew past earnings estimates and thanks to higher oil prices both delivered the strongest third quarter results in four years. investors were pleased sending the stock higher in trading today. but the rising oil provides that is helped deliver atrong quarter are leaving behind a lot of questions. jackie deangelis has more. >> reporter: profits surge in t americ biggest oil company exxon and chevron were able to ride the wave of higher oil a pric better refining. the oil and natural gas outputback surpassed expectations for the first time in 10uaers. and is a sharp increase in output from the red hot permean basin. that strong them crank out cash. the strongest since 2014. oil prices in the mid-70s in october because of supply and demand. they were stabilizing. many thought the premium was warranted since the iron yans were likely to export less sanction time set to go into effect in two tais. but recently there's been a change in tone. oil prices have fallen dramatically a

may recall they both did gangbusters largely based upon higher oil prices we have more today with chevron which beat expectations the company turned a profit of war than four billion dollars in the quarter chevron stock jumped on the news and shares were as high as one hundred fifty. dollars per share this morning the company produced around three million barrels of oil each day in q three which is a record for chevron. and the other oil giant to report is exxon mobil with profits increasing to more than sixty two billion dollars also beating expectations their stock was also up on the news trading around eighty dollars per share for most of today some of the largest players in the financial world are taking just slightly divergent course on crypto here discuss that more cool crypto news in the world is christiane christie thank you for being here again road to on a friday we know you travel back and forth between d.c. and new york so it's nice of you to join us tell us a little bit about this sordid tale of two different paths we have one fidelity which we've spoken about before but they

. >>> exxon and chevron tradintra. u.s.are starting this weekend, jackie. >> it's been a bloodbath when it comes to oil prices. an almost 16% drop over the last 30 days. today's session low is 62.99 a breach of 63, showing technically the momentum industry to the down side. with oil in the low 60s, it's not that far from the 50s. and when you're in the mid-70s no one was predicted you could see a drop like that when the market sees volatility, energy stocks tend to take a double hit the move with the market then if oil prices drag they take a second punch the s&p energy sector is the worst performer over the last month with a decline of 10% and no surprise that the etfs have seen drops of 10% to 20% over the last month look at these, the xlp, the oih over the past 30 days all red. now things seem to be picking up the stock market responsive to the jobs report and a string of good earnings reports including exxonmobil and chevron that doesn't mean the bleeding is over yet. first, the exxon and chevron numbers are backward lo

we have all the big names up chevron, apache, marathon, they're all trading up 2, 3, even 4%.ight go well with the meeting between president trump at the end of november in argentina. the industrial names are all trading fractioninally to the upside what i keep an eye on, watch the revenue numbers and the estimates y call them guesstimates for the fourth quarter and the first quarter of 2019 have been coming down a little bit recently. we've been close to 7% and now starting to come down a little bit and a sign that there are some issues with a somewhat slowing economy, certainly over in china, possibly over in europe, as well. guys, back to you. >> thanks, bob. >>> should you trust this rally or should investors brace for a wild november? chief investment officer and joe durante founding partner with united capital his firm is ranked number two as a top advisory firm. thank you, gentlemen, for joining us peter, i'll start with you this big election day tomorrow and i believe that history shows us for many decades upon decades afterwards, no matter what the outcome is, the mar

lets get to jekky jackie deangs >>> exxon and chevron numbers were both good and both dow components higher and certainly not enough to outweigh the negativity we saw from apple. exxon's income was boosted by oil and gas drilling operations and fuel refining. chevron doubled the quarterly profit and the output hit a new record but the earnings, remember, are backward looking and third quarter's average oil price for west, texas intermediate was around $70 a barrel. there's no doubt that contributed to exxon and chevron's better performance since the fourth quarter started 15,% decline in oil prices if a decline in these prices continues into the winter, the coming quarter will look different. what's interesting to note is that most industry thought prices were stabilizing and this supply-and-demand were rebalancing. right now it seems market is oversupplied then, of course, there's the iran threat. that does seem to be not a threat anymore at this time. analysts might have just jumped the gun with the estimates on how much oil would come off the market and how quickly that would happ

the chevron councilman's idea of smith's novels. it was designed by the late iraqi british architect zaha hadid. and just one of the shortlisted buildings at the route architecture festival taking place in amsterdam . aidid also designed the inside of the building from the lobby to the spa. and of course the apartment's craig is the executive vice president of the company that built it and we like to bring the architecture theme into the residence as well in this penthouse we have amazing opportunity to have a three level stair cement a lot of them and these have even if the stair connect all three levels so who would live in a house like this well for starters you will need a lot of money fifty million dollars will get you the penthouse suite and the cheapest unit sells for five million dollars meaning that for most of us we'll have to enjoy this building from the outside it's built right next to the high line a popular elevated park here in manhattan and that proximity brings a special significance says ed gaskin a senior associat

. >> massive ones exxon and chevron. exxon in the options market in 3.5% move kblid for chevron.e talk about the sector etfs. the names combined make up 40% of xle the crowd is down about 17% in a straight lynn. breaking the uptrend that has been in place all carrier long that's the two-year of the xle, a great trading vehicle if you are inclined to play it. look at that in the to low 60s a lot of support and high 70s a lot of resistance. back at the support level if the earnings are okay in both names you have a trade back up towards $70. >> all right >> well i think do you chevron- first, companies should judged on how much free cash flow they generate period. that's the most -- these guys are trading historic lows. i think it's a buy off and on kmerch. >>> let's pull up the after hours clarity in apple extending the after hours loss, down by 6%. >> boom. >>> the cfo says it's stopping giving out unit sales data on the iphone, ipad and mac we get less information in unit sales. >> why. >> we don't know why but it's down 6 peart 6%. >> investors like more transparent sfwlie i se

we will hear from oil giants and dow components, exxon mobile and chevron today. plus alibaba, numbers and analysis and give us window as to what's going onto chinese consumer as well. president trump speaking with china's president xi jinping sharing progress as soon as that was announced markets turned around. we got firmness when we heard there was progress in china deal. >> their trade practices have to change and us being tough-minded about it i think it's sense i -- sensible, i think us being outrageous and excessive about it is dangerous. maria: we have the latest this morning, more from barry dillar as well from technology and what's happening with tech stocks, tall stories coming up friday morning and joining me to break it all down fox business dagen mcdowell, the wall street journal assistant editorial page editor james freeman and bench mark kevin kelly. good to see you this morning. love it. >> i'm sorry you had to impose this on your viewers again. maria: i'm happy that you are back. >> be here for a little while. i don't think the president said it

world enjoy fifty four dollars was just eighty two thank you to saudi arabia but let's go lower while chevron clancy is live for us in washington d.c. so again the president you know undeterred from some of the criticisms that was livid at him after his comments on tuesday continues to rally behind saudi arabia but the defense secretary james mattis has also been speaking about the case what did he have to say. and it's a similar message i think what's striking about that tweet once again on the statement we saw on tuesday was just how brutally honest it was about how the u.s. conducts its foreign policy and quite frankly the u.s. has always conducted its foreign policy like this without much regard for morality or human rights depending on its juice which is what's shocking is how almost it is how almost all trump is being about that. the defense secretary was also being very honest he said and this was just to a press to a gaggle of reporters not being recorded but he said on the show presidents don't often get the freedom to work with unblemished partners in all things so again it's not ru

same story as chevron., 3.5%. >>> now, one company that we cover very frequently is offering free college to its top performers. they want to improve their relationship with employees. we are going to tell you which company we are talking about in a moment. >>> and when it comes to jobs, job growth, that is, there are some cities that are outpacing the rest. next, we will tell you the hottest job markets in america. just take a guess. your company is constantly evolving. and the decisions you make have far reaching implications. the right relationship with a corporate bank who understands your industry and your world can help you make well informed choices and stay ahead of opportunities. pnc brings you the resources of one of the nation's largest banks, and a local approach with a focus on customized insights. so you and your company are ready for today. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know

chevron and exxon are also higher on earnings beats. chevron, helped out by record production. exxon helped out by the permian basin. investors wondering in terms of the recent rally, do you buy the dip, or is it a false start? we will see either way it is all about volatility. s&p 500 this year. a lot of traders talk about when the stocks climb, do they take the stairs? we see that between april and september, not 11% move, but october -- we see them taking the elevator down. volatility tends to breed volatility. and we see in march, we had a long patch of volatility, so this could suggest more big moves ahead. guys are not you feeling the rally in the way that asia and europe do. europe is up, going for our best week in two years for european equities here. the dax is really leading it. we were up a bit more earlier on. the energy sector being driven higher. this is the trump trade a story into the asian and european story this morning. and you can really feel it in a number of different areas. italy's slightly aside, yields coming down with prices coming up a little bit. a v

chevron gets 15 to 20% and it had a big move 107 like a week and a half ago today it is 119. you have had a 10 sent move. biggest one today. the other want i want to point out is ibm last week it was 115 now it's 120. maybe finally we are finding some kind of bottom here we do not have historic highs in the market today mcdonald's 180 today it hit 180 that's a historic high for that. 167 a short bliwhile ago. primarily in the consumer section. coca-cola historic high. we have clorox and the consumer group also 52 week highs not a bad day considering that we have the elections tomorrow and a lot of uncertainty a lot of uncertainty today we are standing by >> thanks. it used to be an uphill climb. the weakness coming from large cap tech those sectors today once again under water lead by apple. apple and amazon, both of them down here two days in a row. act vision is one of the biggest decliners in the large cap tech names. it is this new game not getting very much respect on that one but the mid-cast today, they are the leaders of a fairly flat market and names like sienna is a

chevron and exxon are listed. the fossil fuel industry is to blame for the ocean warming. this toxin has delayed the season-opening two out of three years. fishing can start today but the toxin is once again showing up in the crops along the california and oregon coast. >>> rescued animals from newt county have arrived here in the bay area. the monterey county spca said 27 cats and dogs have been moved into the facilities. shelter workers drove to the crowded animal shelter in butte county and brought the animals back to the bay area. they were in shelters before the fire began. they will be available for adoption. >>> pets were separated from their families because of the camp fire will stay in future family until they are reunited with their proper owners. >>> we did some overnight fostering. the rain humane society -- the marin humane society -- it is just overnight to give them a break. >> yes, you can help in other ways by giving money. >> money is always welcome. >> yes. >> good morning. let's start with a look at the gilroy commute. northbound 101 looks good as you

enjoy fifty four dollars dollars was just eighty two thank you to saudi arabia but let's go lower chevron than c is live for us in washington d.c. as so she had no secret there made by president trouble about how he feels about the whole situation meanwhile u.s. defense secretary mattis has been speaking about the case what did he have to say. yes we're still trying to. his comments he's also trying to emphasize the need for retaining stability in the middle east the need to work with saudi arabia to end the war in yemen for example but he spoke with reporters off camera but i have a transcript of what he said and here's some of it on the show presidents don't often get the freedom to work with unblemished partners in all things right now as you know we have a twin principle here one is accountability for those who committed the murder or had any connection to it so far the state department has identified seventeen of the sanctions i think someone charged in all of that and i don't have a lot of detail of that part of it i know saudi arabia is charged with capital crimes we also maintain

the chevron councilman's idea of smith's novels. it was designed by the late new rocky british architect zaha hadid. and just one of the shortlisted buildings at the root architecture festival taking place in amsterdam. aidid also designed the inside of the building from the lobby to the spa. and of course the apartment's craig is the executive vice president of the company that built it and we like to bring the architecture theme into the residence as well in this penthouse we have the means the opportunity to have a three level stair similar to lobby and these have even if the stair connect all three levels so who would live in a house like this well for starters you will need a lot of money fifty million dollars will get you the penthouse suite and the cheapest unit sells for five million dollars meaning that for most of us we'll have to enjoy this building from the outside it's built right next to the high line a popular elevated park here in manhattan and that proximity brings a special significance says ed gaskin a senior asso

chevron, schlumberger, chevron >> yes >>> final trades are straight ahead. know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪ >> announcer: the mimissed the z or the call of the day no problem, just go to cnbc.com/halftime to see the moves, the trades, who's winning and who's losing plus, breaking news and analysis of all the top stories just go to cnbc.com/halftime i'm tecky. i can do it all. go ahead, ask it a question. tecky, can you offer low costs and award-winning wealth management with a satisfaction guarantee, like schwab? sorry. tecky can't do that. schwabbb! calling schwab. we d

we look ahead to the earnings from exxon and chevron. plus, apple underwhelm's.op releasing u.s. sales data as holiday forecasts missed estimates. shares slumped 7%. matt, good morning. matt: shares in asia absolutely ripping face. then we see futures jumping after the bloomberg report a trade deal is being prepared by the u.s. administration. you see futures up more than 1%, dax futures up 1.67% because automakers would love to see a deal between the u.s. and china. take a look at treasuries. i've got the typical three-day chart here, but the last two sessions don't matter. what you see is this massive jump in yields today from jump17, four basis point after the headlines came out. what do you see in the gmm? anna: exactly what you just described, bulls back in control when it comes to asia equity session. --sing these for more than we've seen these for more than 3% in the hong kong markets. k--pop for theid korean markets, which i liked very much. these are the big moves that have taken our attention. the chinese market doing nicely as expected, given the headl

to france to take a look at what it means to be eclectic when it comes to home decoration patrick chevron and his wife have given every room in their home a jungle theme but one thing pulls it all together and that is colorful wallpaper. knightly leone's old town is traditionally slow paced most of the buildings have been here for centuries. the tricks of arms home is hidden behind this wall. hello and welcome to yong i'm glad to welcome you to my heart please join me. in the nineteenth century the building was not a studio it's still full of oxidative. where you don't is it him on the course we created all the decorative elements that's our job and. we cover the walls with a bunch forest that lends a certain personality and then we create and make wallpaper that we then coordinate to fit. the living room is reminiscent of life in the forest there are shades of green trees and other forest motifs patrick and his wife lawns make wallpaper that is far from traditional. as opposed to wall paper that is printed industrially with repetitive motifs weave revisited the mural panorama that was so

beckles has been a vocal owe pointe opponent of the chevron refinery. >> catherine baker declared the winner in the east bay aft. prop 11 passes, requires ambulance workers to stay on call during paid lunch breaks to respond to 911 calls and gives them more training. maybe california will go to daylight saving time all year, proposition 7 winning by a large margin. during the winter months, we would be two hours behind the east coast, in the summer three hours behind. the idea needs approval from state lawmakers along with congress and eventually president trump would have to sign off on that change. >>> take a break right now from election results, just a little one. an unexpected trip to the hospital didn't deer is a pennsylvania man from casting his vote. >> jim grish was unable to vote after a stroke sent him to the hospital. he feared he would miss election stay. the hospital gave him one thing to be better, one of eight people in the hospital getting an emergency absentee ballot. >> good for him. >>> coming up next on "today in the bay," "nbc bay area responds." >> generous folk

. >>> chevron was upgraded to outperformrom neutral at credit sw credit suisse. they say the execution and potential for free cash flow. the price target is $138. the stock gained more than 3.5% to $118.94. starbucks was upgraded to buy from neutral at mizzou hostti secu. the analyst says the company's earnings growth is set to accelerate. the price target is $75. the stock rose just a fraction $64.48. still ahead, an industry divided. the san francisco ballot initiative thas pitting companies and technology against each other. >>> the services sector expanded as economic gro remains strong. according to the , almostacturing surv every major service industry expandedast mont the only one to show a decline is education. the biggest complaints wer around the uncertainty create by workersffs and lack of to fill jobs. >> the restaurant industry in particular is feeling the effects o our tight labor market. >> reporter: restaurant companies are feeling the squeeze of a tight labor market. on earnings calls this season, companies across ther secaid they're hiking wages

oil majors, exxon-mobil and chevron. has a dividend yield the 3.9% and with exxon you are talking about 4.3% yield there so as we talk about the reason why so investors may be dipping their toes into energy stocks, the dividend yields could be part of the value trade. tyler, back over to you. >> dom, thank you. >>> the bull is firmly in charge right now but morgan stanley is getting a little bit more bearish on 2019. downgrading u.s. stocks to underweight. one of the chief strategists was on worldwide exchange today explaining what is behind that bill call, a slower economic backdrop, weaker earnings growth with continued tightening in the first half of the next year with the fed and it is all a cocktail for a much more difficult look for equities relative to the rest of the world. >> let's get reaction from our panel now. randy warren is from warren financial services and laurie kelsey was head u.s. equity strategy with rbc capital markets. randy, you think the bottom may be near if it isn't in already would you be righ

as officer peterson pulled into the chevron station, the officers began to visually search the gas station for the potential stolen vehicle. as officer peterson drove to the rear of the station's lot, they spotted the blue jetta being driven by that female who was driving towards them. as soon as the suspect say the officers, they noticed the look on her face that alerted them that something was wrong. as the officers recognized the suspect's flight or fight reaction to their presence, sergeant maguire quickly exited the car from his front seat position while officer tursi did the same from the rear passenger side, both officers with their police stars hanging from their necks ran towards the suspect vehicle while giving verbal commands to the suspect, stop your car. officer tursi was able to open the passenger door for a moment before the suspect recklessly whipped the vehicle back yards and slams into the -- backwards and slams into the wall of the gas station. officer tursi was able to release the vehicle and avoid being run over. the suspect vehicle put the car in drive and sped throug

chevron up nearly 3%.e of oil holding $63 a barrel, even though today is the day when we impose sanctions on iranian oil. you still have oil at 63 bucks a barrel. that means our production in america is making up for the loss of production in iran. 63 bucks a barrel. gas prices keep coming down. how about apple? it is the biggest drag on the dow. it is right at $200 a share, down nearly $7. 3.3%. there are reports that the company canceled plans to boost production for one of he its iphone models. that is not going down well. apple down $3 a share. david avella is with us, go pac. how do they do that, few people have landline. i never answer the phone. how do they get an indicator? >> the better indicator is output gap. you know that with economics. the gap what we're producing and number of workers, when that number is high, midterm elections don't go well for incumbent party. when it goes small. it goes well. here is what the democrats have to do, it hasn't happened since 1950. it goes to your opening st

exxon on chevron were two of the worst performing in the dow today. and oil fld services hal burton hitek a 52- low. the tonight oil producers are in abu dhabi. and no doubt prices are top of mind. steve sedgwick is there for us tonight. >> reporter: the markets continue to fall on tuesday. despit a respite the markets saw monday. you have wti and brent trading in bear market territory. ie, down more than 20% from the recent october highs. they rose in part on monday on hopes that there would be iss supp the market. that came on the back of an oil meing of opec minorities here in abu dhabi. but i'm afraid by tuesday the market was falling yet again. following president trump tweeting that he didn't want saudi arabia and opec to be production. very tough for saudi as well ased se they see inc supply and concerns on a dplut and bigger inventories in early 2019. they were hoping to get ahead of the curve and cut production to alleviate concernst ine same time as the u.s. showing record production. soul then they be creeding market position to the united

chevron and exxon were the two worst performing stocks in the dow, pushed lower by the price downude which settled nearly 8% to the lowest level in more than a year tay. it's nowost a third of its value just since the most recenc high on october 3rd. the concern is not so much a surge in supply but it's about fears ofl a gloconomic slowdown as well, which would soften jackie deangelis takes a look at forces at play in the oil patch. plunge has: the oil taken some investors by surprise. the first0% drop of 2ame when the iran premium came off the table. but now prisec slidese the fundamentals are kicking in. u.s. output stands at 11 million barrels a day, the highest in years. opec at 33 million a day the a rei.nt mo demand forecasts aren't holding up. the market questions the strength of the ke in 2019. opec is another factor. producerers meetna in vin january 6th. with you would can can from an inflated base make a meaningfulbrifference? onight spot to the slide, lower gas prices. the national average for a gallon of regular is 2.58 ntcording to triple a. town 26 from last month. but

they're suing exson, chevron, and shell to name a few. >> they knowingly sold this product for decades while while understanding full well that there would be literally catastrophe. that's their words. their scientists knew it and we're dealing with it now. >> reporter: noah is the executive director of the pacific coast federation of fishermen's associations which filed the lawsuit the day before the commercial crab season begins. he says it's only a matter of time before a devastating delay happens again. >> it's not a matter of if but when for us. >> reporter: luckily this past sumter ocean water was cold enough to keep the algae down, making crabs season. in response the law exxon told -- at half-moonid, f. the region north of bodega bay is closed to fishing because of concerns about that acid. >>> an oakland police officer jumped into action to save the life of a newborn baby. >> when i showed up he was blue, not breathing. i cleared his airway and patted his back and cleared it all out. >> crying good. >> he's crying pretty good now. >> this bodycam footage is from officer gregor

non-life threatening injuries. ( robin) we have obtained surveillance video from a deadly shooting at a chevron gas station. and we now know the husband is responsible for shooting his wife. investigators believe shannon romo and her husband, miguel romo got into a confrontation at a gas station along antelope road in sacramento, which was captured on surveillance. in the video, shannon is seen running away from a man, who is chasing after her. she eventually runs to the front door of the gas station before she is shot. investigators say romo pulled the trigger and left the scene. their daughter ariana says an argument began back at their home that night, over another woman. and they would regularly get into fights, argue and put their hand on each other. but she didn't think her father was capable of pulling a gun on her mother. romo is currently in a los angeles area jail where he is being held without bail. <"he left her to die. he took off. even if he didn't mean it, he could've rushed her to the hospital. maybe she could've made it. ... he left her to die. and that's what's always gonna be

microsoft up 2% and chevron up 2% and cat up 2% interesting spread is there.ech company, oil-related company and trade-related company all bouncing off what has been a tough week, still down week to date. of course, the dow is down 3% as things stand so far this week. a record number of americans are expected to fly during the american holiday good news for airlines something extra to be thankful for. phil lebeau has that story. >> reporter: a lot to be thankful for in terms of the airlines strong passenger demand going into the end of the year and lower jet fuel prize, and in terms of this holiday weekend, we're not seeing many cancellations around the country. we've been here all day long and there was a glitch with the american airlines kiosks earlier today for about 15 minutes once that was cleared up, we saw the lines disappear. more than 3 million people are expected to fly today. when you look at the airline industry in terms of the number of people flying this year, last year was about 849 million, and it's expected to top 900 million this year. that's

chevron, exxon moving to the upside it has been up the last couple of days. that's that nice move up here. up about 5% so far this week elsewhere health care hitting new highs. want to look at the new highs list pfizer, merck, hca, all 52 week highs. finally, one group not breaking out. you have a problem with the banks here we have a ten year below 3%. you had a problem breaking out back to you. >> thank you very much for that. >>> let's sends it uptown in the nasdaq >> watching the nasdaq it was fractionally positive for the month here with one more trading session left we'll see if we can see more gains tomorrow that is a big move back after what we have seen in terms of the impact of the tech drag. today dollar tree is a biggest gainer with those earnings reports. tech overall mixed the faang names were trading we are losing a little bit of altitude here. apple and microsoft today are actually the drags they are still apple on top as far as market cap. we have health care highs here as well. express scripts at an all time high as it approaches possible cl

exxon and chevron are being sued for ocean warming. this has caused an outbreak of toxins.delayed the season opener for the last 3 years. fishing can start some of the bay. the toxins are showing up in crabs on the coast. >>> a police officer comes to the aid of a woman's baby that was turning blue. >> i just bought i needed to get the baby breathing. >> how he took action when he heard the mother seizing -- screaming. >> we will so you win the smoke will start to clear out. ♪ ♪ ♪ connecting people... ...uniting the world. ♪♪ >>> a local police officer is being called a hero after he saved a baby. >> the mother was alone and scared when the officer showed up to help. >> a little baby boy. when i showed up he was blue and not breathing. i cleared is airwave. >> what you just heard was the sound of pure joy and relief after this police officer saved the life of a newborn still attached to the umbilical cord. it was all captured on his body camera. >> he is crying pretty good right now. >> is crying is a signal of life and euphoria for the mother who went into preterm labor in

bloomberg sources say chevron and at some mobile are among companies submitted first-round bids for anhe auction process is expected to value the company at $15 million including debt. but there controlling family still prefers the option of an ipo next year and continues to work towards that goal. haidi: vice president mike pence amidst -- arrived in asia amidst the is the duration of a draft report on whether to impose tariffs on car imports in japan. this will be on his agenda when he meets with shinzo abe later. that u.s. commerce department is investigating the import of vehicles and auto parts as well. looking at asian markets, taking a look at how australia is trading. seeing declines over 1% at this point, the biggest since late october despite the 5% recovery rally we have seen through to the close yesterday. rest of thethe region, futures might be looking positive but the asian session is not. more: nikkei futures down than 1% while kospi futures as well. more daybreak asia next. this is bloomberg. ♪ ♪ . >> good morning, major markets just opened for trade. >> good evening fr

> we have a synchronized global economy except for synchronized down that's a big theme this week chevron said it was a great quarter and exxon. look at slummer jay. it was well below where it was when it was 26 haliburton and weaththerford we from 5 to 1. this is the headline from isi this morning >> i think it mirrors what you have been saying u.s. economy is very solid but global growth is slow. they have a report this morning, this seems to be what investors -- >> he talked about the possibility of revisiting some old highs. listen to that >> i think you will have a chance to see the old highs revisited if and when and before we go into the bare market so again i am thinking through the end of the titan cycle the pause and the excitement around that pause and then i think boy then you got to pay attention. we'll rally when ever they finish >> is it when you stop hitting your head with a hammer and it feels good >> of course, he's there for just capital which is an index of company that actually do well and beaten the s&p he's bullish a lot of people are crafting at 2019 bad scenario.

chevron, devon energy, e&p, down 1.5%. the biggest point drags, taking a look at apple with microsoft, down 2.6% on the bear market with fears around week iphone demand and a crisis in confidence for tech that has been up so much over the last couple of years and investors running for the exit on the possibility of government regulations with microsoft trading down in sympathy with apple and then we see berkshire considered todly be a tell on the market, a broader basket of stocks there, down in sympathy with the declines. and of course, guy, you were talking about the fact that we have losses following europe. let's take a look at what's happening on a quarterly basis. this is interesting, out of 2008 we can see in the fourth quarter a big quarterly decline for the s&p 500. i would like to take the point that earlier this year the march quarter was down on the year in right now we are looking at a nearly 9% decline for the s&p 500, two down quarters in a year, a big hold if that happens and interestingly in 2015 and 2012

earnings reports from alibaba, exxonmobil and chevron.ober jobs report. >>> this is my favorite story. >> is a hot dog actually a sandwich or its own category? oscar mayer says it's a sandwich. >> yesterday they sent on out this tweet challenging ney sayers to call their hotline trying to change their mind. and, oh, did people try. they said it is not a sandwich for the same reason a taco isn't a sandwich. others say it is in a category all by itself. >> i agree. >> you can't take a hot dog out of a bun and go it's just a hot dog, right? okay. well, this morning oscar mayer tweeted again and said after they listened to the calls, they still believe hot dogs are sandwiches. i'm going to settle this once again. hey, siri, is a hot dog a sandwich? >> no. >> i thought she used to say yes. she changed it? all right. earth shaking there. >> a woman is not allowed to change her mind? >> i'm not saying that. the controversy continues. dah, dah, dah. we're a little bit cooler today. warm again tomorrow. finally autumn. a little bit of a pullback i

chevron had a great quarter. oxi is up. you pick your spots within energy >> i want to get back to something you said you think the regime change is a 2019 story the big money will go into growth between now and the end of year but cycle back into value in 2019? do i have that right >> the majority of the market operates in a two quarter time frame. i don't think people play it until we're in the middle of it. >> the other thing is it's obviously election day all of you hopefully are going out and voting and no matter what happens tonight the markets will still have to deal with a number of critical issues, trade, the fed, the fact that, as we said, the s&p's largest sector, technology mike santoli from the new york stock exchange >> if technology, which is 20% of the s&p 500 is flat and doesn't participate, you probably have to get 9% out of the rest of the market which is not tech i don't think there's anything magic about getting back to a new high it's not a tragedy if we chop around here. i don't think we necessarily c

chevron and exxon are listed. crabbers say the fossil fuel industry is to blame for ocean warming that has caused and outbreak of this toxin in the dungeon is crap ovulation. fishing starts today but the toxin is showing up in crabs farther north along the california and oregon coast. >> if you are going to do some shopping for thanksgiving there is some good news -- the dinner will cost you less. according to the survey from the american farm bureau federation you can feed everyone for less than five dollars a person. turkey and sweet potatoes and peace are the cheapest and this marks the third year in a row. if you want to burn off some calories ski and snowboard season is about to get underway. these resorts are open tomorrow. the upgraded their snow making equipment and kirkwood is expected to open with all the other resorts opening by early december. barrio opened earlier this week and mount rose has been open on the weekend. >>> san francisco is in the bottom third of the major airports -- 16 out of 20 of in