one question on chevron. the generation that bret chevron about what they thought they were doing in addition to school he is saying a stable background principle again, they thought they were returning what policy discretion back to the people because at least the agencies are accountable to the president unlike course. the court is accountable to the people. they thought they were making the administration and administrative walmart democratically legitimate. i gather on the book that you think that that object failed or that the people decided know this actually is a legitimate. >> it's illegitimate for two reasons. one is the president has no way of controlling what the administration of agencies are doing. there were 3,000 regulations in a year and they come out of all the agencies of which the president has some kind of supervision. were not talking about the independent agencies with the commission that is running it but the treasury is one of the major issuers of regulations every year as hhs and the

one is called chevron, a case that concerned not surprisingly the chevron company back in 1984. most of you probably have heard of chevron, but chevron is had a doctrine that asked whether a rule is -- whether the underlying statute upon which the rule is based is ambiguous. if so, then the court will give deference to the agency's interpretation of the underlying law. chevron itself, the facts are rather unremarkable. it was not a case where someone was suing because of overregulation. this lawsuit was brought by those who thought the reagan administration was not regulating enough in the environmental area. it dealt with smoke stacks and emission points and whether one or the whole plant was considered a single point. and the court deferred to the epa's read. and so far so good, but over time this has taken a turn, i think, for the worst where agencies go and they will have -- it would invoke this idea of ambiguous statute and courts will buy into it and then completely defer to how the agency reads the law. it's really the court's job to say what the law is. second doctrine i

don't jump to chevron step two. it's amazing how quickly people do without doing the work of explaining why at step one the case is saying you're supposed to use traditional tools of construction, canons of construction and the like. go read scalia and curtis book reading law. a long list of these canons that you can use to kind of squeeze meaning out of provisions. you have a criminal defense case, there are a lot of pro- defendant canons like the rule of lenity where hopefully you can cut things up for the court never gets to the other sources or you would say in it would be inappropriate because the defendant did not have modern notice. to struggle with the text first. i think that's very important. one thing i have realized as a judge this first year and i hope to see more of it but the analytical framework that a judge pursues in approaching a case, you know can be very influential. your opportunity as a litigator is laying out if you are fair- minded and you have a whole brief that is through the lens of a sta

fuels gas pump at this chevron off capital expressway in san jose.ople used it during a two-hour period on saturday, they noticed their cars going haywire and immediately had to go to the mechanic across the street. the alternative fuel pump is now closed off after 25 drivers filled up saturday, leaving their cars a wreck. martin lord was hoping to buy some of the ethanol-based fuel tonight but instead had to get regular. >> it's the first i hear that there's been issues. so i'll be a little bit watchful for a while. >> having to fix my car just out of the blue would be really terrible. >> reporter: the mechanic working on the cars says some fuel tanks and injektors had to be replaced and the gas had a blue tint when it should be clear. it's unclear what was wrong with the alternative fuel but sales were stopped when the problem was discovered. >> just trying to fill up and get home. definitely not something i'd ever think about. >> reporter: the ceo of the sacramento-based company tells me they checked every one of their pumps inside and haven't fou

and don't jump to chevron step two. it's amazing how quickly people do without doing the work of explain why step one the cases say you're supposed to traditional tools of statutory construction, canons of construction and the like. a long list of these canons you can use to squeeze meaning out of provisions. you got a criminal defense case. there are a lot of pro-defendant canons that, , where hopefully u can cut this off such that the court ever gets to the other sources or use it would be inappropriate to get to that of the source defendant didn't have noticed that, in fact, would be criminalized. struggle with the text first is very important. one thing i realized as a judge his first year and i hope to see more of it but the analytical framework that a judge pursues an approaching the case can be very influential. your opportunity as a litigator in terms of laying out if you're fair-minded and you have a whole brief that is through the lens of a statute consistently uses this to mean that, that's the way you're goi

of course, since 1984, we pushed the administrative state and it has been this chevron deference and for those of you who don't do administrative law the idea of deferring to agencies expertise and giving them the ability to fill in gaps in statutes and trusting their expertise, accountability through the executive branch. so there was much less of a sense of their being a firm foundation for where constitutional interpretation began our statutory interpretation began a regulatory interpretation began. justice scalia has been an important figure and his legacy will live on in all of these. the first thing is he was a very important figure in promoting originalist them in the constitution and not just any. there used to be a very subjective kind of what is inside of the framers heads approach, and he was a big believer and an objective realism. it is not perfect and we have to take the text as it is written is what it says. instead of focusing on what was focusing on the framers had and what james madison would've thought, focus on the words of the text and what they meant in the cont

chevron is not involved. michael finney, >>> schools are closed, postal carriers not delivering mail. large chunks of ice blocking boats in the chicago river. look at that. crews are setting fires on commuter railway tracks to keep the switches from freezing. >> when the postman says no -- even i -- >> neither rain nor sleet -- >> they're done. >>> we have rain coming. >> meteorologist sandhya patel. >> first the arctic chill gripping midwest and minus 50 in fargo and minneapolis. what it feels like factoring in the wind. not the type of weather you want to deal with. our area, low 50s from san francisco to concord to san jose. get you back to the midwest, wind chills toward tomorrow morning remain dangerously low, life-threatening conditions expected. widespread low and high temperature records expected. minneapolis. 48 below zero. in bay area, east bay hills, looked like summer this afternoon and evening. watched fog rolling in. really has been spreading through this evening. we're seeing views like this fr

where the administrative agency is empowered by congress to regulate like the environment, under chevron deference the courts will defer to the agencies like the epa issuing interpretations of the statute and it is starting to curtail that and it will overturn that precedent and what the judges say not in the administrative agencies so this makes it harder for those to deal with 40 or 50 old statutes with the clean air or clean water to respond to technology changes how we approach problems because they have less wiggle room. >> we typically use liberal conservative talking about the supreme court and justices are annoyed that they understand why we need a general shorthand. and if the courts have to differ to that concept if it is anti- regulatory if they think they are not justified. does that point in any particular direction? . >>>> that isn't left or right necessarily but a reform promoted that the administrative agencies are regulating business too much. but by the end of the day if you don't defer to the administrative agencies whether it pursues liberal goals or conservative and

the recent volati market has the attention of the ceo of >>chevron. he real thing we'd like to see is stability. commodity markets when they're volatile, they make it hard for investors to invest. it's hard on consumers. an soou really need to price it in tot encourage investm and draws in new investment but is not so high that it weighs on the economy. we're probably not far from that kind of a price right now. and analysts also point out that the economic and political turmezl in vla right now could just lead to more volatility in the oil market. president trump todayeportedly threatened to impose sanctions on venezuela oil as soon as this week. >>> the ceo of chevron made those commentsld at the w economic forum, where oil prices and the health of theomlobal econy were top of minding. t as joe kerner ort een reports davos, switzerland, that's not all the business leaders were talking aout. >> todthe world economic forum we heard from business leaders about thnology and privacy, economic growth, the role of the fed and the health of the consumer. we

a doctrine known as chevron deference. chevron deference is not a gas station, or letting someone go ahead of you at the gas station my. but actually an important rule of law that says where an administrative agency has been empowered by congress to regulate something, like say, the environment. under the chevron deference, the courts will defer to administrative agencies like the epa, when it issues interpretations of that statute. so long as the statute is somewhat ambiguous, it will defer to the administrative agency. they are the experts. the court is really starting to curtail that. seems almost certain that the court is going to overturn that precedent and say that instead, judges should be interpreting statute in the first instance, and holding administrative agencies to what the statute says in the judges view, not what it says in the administrative agency's view. this is going to make it a lot harder for administrative agencies out of dealing with 40, 50-year-old statutes, that given the power to do something, lik

chevron has the best assets to work with. and the capital expenditures, all of that ran through a few years ago. so they're poised to do well. strong cash flow. they're movin oobt a little bit with energy but you get a 4% dividend in an environment anwar th 10-year 2.75 or 2.8. not bad. >> mike, thanks so much. >> thanks for having me. >> mike with fbb capital ne pa. thank you for watching this special edition of "nightly business report." happy new year everybody. i'm sue herera. >> i'm bill griffeth and still writing 2018 on my checks. have a great evening. see you tomorrow. >> this is "bbc world news america." funding of this presentation is made possible by the freeman foundation, f and kovlndation, pursuing solutions for america's neglected need and now, "bbc world news." ben: hello, this is "bbc world news." i am ben bland. our tostories -- brazil has a new president. the right-wi j

chevron, and that has joint ventures, and they're not necessarily buying it, but getting their share of their production and importing it to the united states. citgo is the lynch pin, and the united states is the only one keeping the lights on. their production has actually fallen >> in other words, over 20 years when they should have been increasing their production and had plans to take it to five and then to ten million barrels a day. they are down to one-third of what they were producing 20 years ago. as a matter of fact, that 1.1 million barrels a day, they first achieved that as a nation in 1946. >> yeah. >> they have fallen so far behind that they're back to what they did in 1946 before we even had modern technology. >> if that number is even right. when i was at the opec meeting, russ, in vienna a couple of months ago, i looked the oil minister in the eye. i asked him, and he said one-sic. every other source has them much less than that we know opec is a game where they're going to put out the numbers that they want final question, russ, is this. ultimately, is there a possib

for energy stocks, obviously, the benefit of crude oil and energy so looking at some of them, chevron pretty interesting. cvx on the chart there hasn't done much on a net basis since 2012 but a pattern over a couple of years. we think that can play out this won't matter over the next few weeks but something we should pay attention to in 2019. also, been outperforming exxon since the beginning of 2016. so we think this could continue. other positives, which is why we like chevron here. >> on a fundamental basis, did the oil majors seem to make sense to you for 2019? >> yeah, oil and energy stocks looking good from dividend yield perspective. even though fundamentally, they're very different, both of them are coming off of five year valuation lows if great dividend yields and part of that whole value play and value has been keeping up and actually slightly outpacing the broader market so exxon is great for having that lower volatility but it's got less production growth but very stable earnings cheron also has a strong balance sheet but may expect a contraction but either way, we like b

. >> caller: need advice on chevron. >> i don't mind chevron.ced a billion dollar find i am trying to get my executive producer to get down there bp is the one with a 6% yield. let's go to mike in michigan. >> caller: mike from the motor city eagles, he is going to take you guys to another super bowl my stock is cnt centene. >> this stock has fallen from 148 to 118 i think it is a terrific buy i would buy this here. this is not going to bounce off twice from the goal post steve in florida. >> caller: my stock is cvs. >> i like cvs, but the better stock is viacom. down to 29 that is the one to buy kevin in my home state of pennsylvania. >> caller: hi, jim chdn. >> it has been a fabulous stock. i like it. let's go to arlene in illinois. >> caller: hi, jim i would like to know what you think about auto zone. >> best buyback of any company i have ever seen i have been recommending the stock since the buyback began. just 60, 70 points from its high this one is down i like that. bill in florida. >> caller: hey, jim, happy booyah for 2019. >> that's ou

. >>> an armed man caused chaos in a san jose gas station at the chevron on meridian and fruit dale average. he tried to steal a woman's car at knife point. that failed and he tried to rob the gas station. everyone inside got out and the man ended up barricading himself inside the store. the police showed up and arrested him. >>> in san francisco tonight, people up is set after police took four hours and the chinese own her been robbed be beaten. the police didn't show up for four hours. a news conference yesterday, city leaders said there were no officers readily available that momentum, and a translater did assist with a 911 call. the emergency response for nonenglish callers needs improvement. the develop is trying to increase the number of language reopened for 24 hours now, and a lot of uncertainty remains. >> government is technically open but slow to revive from are a record shutdown slumber. closed signs at federal agencies. today, visitors could only peek through windows, the smithsonian museums and the national zoo. and car will davis, a grant processer, need inned a little more h

rocky three hundred chevron representing the city trail pipeline project we're here today to talk to you about doing work. on your land. in requesting access onto your territory so that when so we can people can work and to see benefits from the project. well it's just a speck says the territory to the bargain thank you to these projects and you know pipeline becoming very very cardless if you've got other with food and members working for you that's not good for the pipeline projects the fast track for land that will prevent us from doing our very taking our medicines that's which will be wiping out and our salmon it's our staple food to be wiping out all our food so. i don't eat store bought me everything i eat comes off my land all my medicine. i get off the line i don't feel the brunt. here trying to convince us to give up our way of life so that you can reap the benefits for government. investors and. while you are free from some of the partners that's going on it's basically from so you're telling us is that you will want us while the sexes want to. keep rubbing and offering up

thanks chevron representing the city trail pipeline project are here today to talk to you about doing work. on your land. and requesting access onto your territory so that went so much and people can work and to see benefits from the project. well it's just a speck says the territory to the bargain thank you all for these projects and you'll find becoming very very cardless if you've got other with fewer than members working for you that's not good access to the pipeline projects the fast track for land that will prevent us from doing our very taking medicines that's which will be wiping out. our salmon it's our staple food to be wiping out all our food sorry. i don't eat store bought meat everything i eat comes off my land all my medicine. i get off the land and i'm from the bunker. here trying to convince us to give up our way of life so that you can reap the benefits for governments and investors and. while you bring crumbs to some of the partners that's going on it's basically from so you're telling this is that you a lot a lot of us ex's want to. keep brother you know offering up

the dow right now higher by 1.25%. 24,664 home depot, caterpillar, chevron, leading stocks and vf corpading the s&p 500. lots of news discussed in the last hour. oil markets, crude soaring up more than 3% and price up 16% in the past month you see west texas at nearly $54. a 3% gain today. melissa? >>> shares are moving higher a new board member keith meister, what is he looking for and what could it mean for the casino giant? contessa brewer, they cover each of the hedge fund side of it who is myseeister has he had success in the past >> i've spoken to a couple of sources. keith has a long history in the casino industry. known most for working as a protege for carl icon. of course, owned a variety of casinos, reported to be even taking a stake in caesar's at this time. meister also has experience with these asset dropdown type of companies which are williams, for example, which is a master limited partnership pipelines for oil and gas. as well as young brands which has a big business in china, of course, very important for the casino industry, for mgm resorts. >> i don't see it as bei

thing throughout three weeks chevron representing the city trail pipeline project we're here today to talk to you about doing work. on your land and requesting access onto your territory so that went so it and people can work and to see benefits from the project. well axis of specs is the territory to be bargain thank you for these projects and you'll find the commentary very very cardless if you've got other with fewer than members working for you that's not good for the pipeline project vast tracts of land that will prevent us from doing our very taking our medicines that's which will be wiping out. our salmon it's our staple food to be wiping out all our food sorry. i don't eat store bought meat everything i eat comes off my land all my medicine. i get off the land and i'm from the bronx . and here trying to convince us to give up our way of life so that you can reap the benefits for government. investors and. while you bring crumbs to some of the partners that's going on it's basically from so you're telling this is that you a lot of slow saxes want to. keep brother you know offer

the ceos of chevron, cisco, anheuser-busch, dell, jp morgan chase, uber. that's just a sampling they're all going to be on the docket keep it here throughout the course of the morning on cnbc. >>> well, still ahead on worldwide exchange, trade turbulence conflicting reports over u.s. and china trade talks sending shock waves through the global markets more on that fall-out coming up next and the shutdown showdown. it continues we are now in day 33 of the partial u.s. government shutdown what the white house is saying about the impact on the economy whenorwi ehae tus wlddexcngrern whenorwi ehae tus wlddexcngrern after this his family. his steinway, which met a burst pipe. which didn't quite cover the steinway. but what if he'd met pure insurance? owned by members. he'd have met: lisa, your member advocate. who'd introduce him to gustav: leave it to me. a temporary address, temporary ivory, and help him get tickets to the mozart festival. excuse me, grant likes beethoven! uh, the beethoven festival. pure. love your insurance. take your razor, yup. up and dow

police say last night, the man went to chevron near san jose city college, and tried to steal a woman's car at knifepoint but failed. he then went into the gas station mart at meridian and fruitdale avenues and tried to rob it. everyone inside escaped. the man ended up barricaded himself inside the store. police responded and arrested him. >>> people in san francisco are upset. they say it took police four hours to respond to a 911 call and now they're speaking out. "the examiner" says police got a call 12:30 in the afternoon last saturday from good orchard bakery on mission street. the owner, who is chinese, had been robbed and beaten, but police didn't show up for four hours. in a news conference on friday, san francisco city leaders said there were no officers readily available at that time and while a translator did assist with the 911 call, city leaders agreed the city's emergency response for non-english-speaking callers needs improvement. police chief bill scott said the department is trying to increase the number of language certified officers. >>> thousands of anti-abortion act

less why not go to chef sflon go to chevron light. a lot of the retailers are doing that to themselves >> exactly >> a little cooler sometimes >> macy's is trying to do its own off-price strategy within its store. the right or wrong call? >> it's a sign of the times. >> would you rather have your -- >> rent the runway >> my one splurge, okay? leave me alone >> they're gorgeous. >> let's talk about shares of snap they are sinking on news the cfo is resigning after less than a year on the job. this turnover is never a good sign the bigger issue for snap is whether the -- it's kind of lost its moment instagram, have they sold most of its thunder >> this management exodus is clearly a negative the stock is down 60% in the last one year. what's going on with evan spiegel? his management strategy? one of the core challenges is snap developing from a product to an actual company still trying to figure out its advertising. >> the goggles they didn't really work. >> they call themselves a camera company. forget about the exodus as much as wher

autoridades no han revelado la identidad del fallecido >> vaya caos se produjo en una estación de servicio chevron evitar que otros autos se vieran afectados la empresa (...) encargada de este tipo de combustible en las bombas descartó que otras estaciones tuvieron la misma situación la empresa dijo que responderán por los daños y siguen investigando lo que ocasionó el daño del plantel y una de las menores tuvo que ser atendida por los golpes recibidos durante el vipoder pagar la fianza de $50,000 impuesta por el juez >> halle le contamos sobre el arresto de cientos de personas implicadas en el tráfico humano en todo california enrique pudo tener acceso a los operativos y acompañó a un agente encubierto durante las acciones policiales los detalles en la reportaje especial mercancía carnal >> parece que hay tres mujeres trabajando aquí >> a plena luz del día las calles son espigas de esta esclavitud moderna >> la primera camada un oficial que se hace pasar por un cliente >> los agentes se dan señales algo acaba de ocurrir >> uno de nuestros detectives está platicando con ella la vamos a seguir >> l

two weeks ago in a big way as well as a bunch of energy earnings from names you know from exxon and chevrontired already. joining us now is dan from pal said capital management. is that enough for you >> kind of a boring week, isn't it >> are you going to get any sleep? >> zero. >> of those things, china trade talks, federal reserve, earnings, et cetera, throw everything else into another basket. >> sure. >> what's the most important thing for you and your clients >> the federal reserve is very important because really you've got to see that the money is not going to be restrictive. what i would be looking for is further clarity on the size of the fed's balance sheet. >> how much they're bringing that down, what they call not qe, these is qt, quantityive tightening >> define the plan and certainly not use terms like auto pilot or, you know, those sorts of things because you can't do two things at the same time you can't raise rates and shrink the balance sheet while you have all these global uncertainties going on. >> okay. >> in particular china. >> do you think we'll get a rate hike. >> z

chevron was downgraded to buy at hsbc. they cited the supply of crude and that stock's recent multihere high. price target, $122. and that stock fell a fraction today to $111.72. tnchts still ahe tnch >>> still head, the future of sears from the man that wrote the book o koencht . ked to day on a cooler than expected forecast for the eastern half of the united states towards the end of this and that could potentially mean increased demand and tighter inventories. prices rose by 15% in today's session. >>> california's largest utility plans to file for bankruptcy. pg & e faces billions ofrs dol in liability costs stemming from that state's deadly wildfires. that cut the stock price in half today. we take a loo at what this could mean for both consumers and investors. >>> a tumultuous 24 hours for pg & e. california's largest utility announced in a regulatory filing this morning that it plans to filean foruptcy. that filing following the news late sunday that ceo is stepping down. williams h been in the position since 2017.

you get shell, you get conoco, exxon and chevron later in the week.for "bloomberg commodities edge." this is bloomberg. ♪ . . amazon prime video is now on xfinity x1. so when you say words like... show me best of prime video into this... you'll see awesome stuff like this. discover prime originals like the emmy-winning the marvelous mrs. maisel... tom clancy's jack ryan... and the man in the high castle. all in the same place as your live tv. its all included with your amazon prime membership. that's how xfinity makes tv... simple. easy. awesome. i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. >> i'm emily chang and this is the "best of bloomberg technology," where we bring you all our top interviews from this week in tech. earnings season is in full swing with ibm delivering strong results. thanks to cloud sales. does this

you get shell, you get conoco, exxon and chevron later in the week.t for "bloomberg commodities edge." this is bloomberg. ♪ scarlet: i am scarlet fu and this is "bloomberg etf iq." we focus on the risks and rewards offered by exchange traded runs -- funds. ♪ scarlet: an economics professor returns to etf iq, the , we take stock of jack vogel's legacy. the relationship with etf's are complicated. from despair to euphoria, the price action and sentiment of the last two months is testing investor conviction. a behavioral scientist explained

you get shell, you get conoco, exxon and chevron later in the week. it for "bloomberg commodities edge," this is bloomberg. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. >> welcome to "bloomberg businessweek." i am carol massar. iconic companies tackling our global macro concerns. combatinge ceo on global warming. then we have the global cover story.

. >> this is donner pass, chevron at midnight last night. >> we met him at this gas station, he shot this video of a packed parking lot as people waited to get back on the interstate. >> barely get out here and it took me 3 1/2 hours to go a mile last night to get home. >> reporter: the empty shelves inside show how fast hungry and anxious people can swoop up what they want while they wait. when the crowd eventually did leave, the spell stayed. meaning these folks and youngsters stayed warm, while emma showed the boys how this letting thing works. how do you get going so fast? >> i start sitting and i slide down. >> reporter: you are full of magic and you know how to do it? >> as simple as that, see a little magic and a lot of snow. >> mom and dad stress out and the kids have fun. >>> lots of snow in the sierra, up to three feet this last weekend, a stormy weekend with wind, rain, mountain snowfall stays. we will do it again coming up tomorrow. not a stormy but rough, we are in the 50s, mild night, oakland 55, we stay in the 50s tonight, fremont 50, that is it. pacifica 52, santa ros

you get shell, you get conoco, exxon and chevron later in the week.es it for "bloomberg commodities edge." catch us each thursday. this is bloomberg. ♪ >> >> i am scarlet fu. this is etf iq. scarlet: an economics professor returns to etf iq, we take stock of jack vogel's legacy. the relationship with etf's are complicated. from despair to euphoria, the price action and sentiment of the last two months is testing investor conviction. a behavioral scientist explained what really happened in december. one place to hide during the volatility is the persian gulf,

you get shell, you get conoco, exxon and chevron later in the week.for "bloomberg commodities edge." this is bloomberg. ♪ taylor: from new york city for our viewers worldwide, i'm taylor riggs, in for jonathan ferro. "bloomberg real yield" starts now. ♪ taylor: coming up, the bottom line at davos. the global economy is not on the brink of going bust, yet the risks are mounting. plus, the warning from guggenheim's scott minerd. the leverage loan market is likely to get worse. an economic slowdown in credit. two concerns for the fed's jay powell heading into next week's fomc meeting. we start with the big issue, uncertainty is in the air at davos. >> while people have certainly diminished their growth

stations, but says the price difference between those stations and the name brand ones like shell and chevron is bigger in california than it is in other states. reporting live in fremont, aunusuala rasta, nbc bay area news. >>> the life of a young doctor cut short by her boyfriend. police in salt lake city, utah, say 27-year-old sarah holly was killed by her boyfriend who then killed himself. it happened in the couple's home. neighbors told police they heard yelling and screaming before officers arrived. holly was a medical student. she graduated from ucsf medical school after growing up in belmont. >>> he's alluded capture for months, but now police hope a new sketch will help catch a serial groper. police say a man who looks like this is assaulting women in sunnyvale, walking alone in the early evening hours. investigators say the man is in his 20s or 30s with short black hair and between 5'3" and 5'8" tall. >>> roger stone pleaded not guilty. stone was uncharacteristically silent as he left today's court hearing. federal agents arrested him at his home in florida last week. he spent the f

here chevrons university design through is timeless and architectural milestone it brought forth a building with its own kind of charisma its achievements like these that make lego's part of our house imagine the stuff an international project that celebrates the bauhaus school its legacy and its capacity for promoting trans cultural exchange. scene oshie know is part of a new generation of nigerian architects who come together he. here to meet the pursing issues of their times and discover how about house remains relevant today foster spoke hospice heuvel it makes bauhaus so vital to this day is that it follows very basic ideas. and asks us how do we want to live in the future. with equal opportunities for all but house brought forth a number of stars but what they don't know behind great men like vulture copious one is my i muse find out what many great and talented women who ever said our house was a man's world was. easy frank scorpios wife of the powerhouse founder looked after the business confident and poised she was a new breed of woman only an annoyance for women it was a new era t

the analystecays that thet pullback in oil prices has presented a buying opportunity in chevron shares. price target $135. that stock rose 2% today to $114.37. f> kimberly clark was upgraded to overweigm neutral at jpmorgan. the analyst says price hikes,in cost s and abating inflation will be good for company.or that price target is $129. the company is scheduled to report its earnings next week. meantime the stock gained 2% to $116.87. nter public group was downgraded to sector perform from outperformt rbc. the analyst expects organic growth to decelerate this year after recent account losses. the price target is $24. the shares fell a fraction to $22.25. >>> signet was downgraded to sell from neutral at citi. the analyst says it is vulnerable to an economic slowdown. yesterday we told you about its weak holiday sales. the price target is0. nonetheless, the stock rose 1% to $25.41.ti >>> ahead, why tesla's road ahead looks bumpy. >>> facebook's privacy lapses may result in a record fine. according to "the washington post," the ftc is reportedly consering a payment in excess of the $22

top dogs by verizon and pfizer squeezing out gains while exxon and ibm and chevron sank the chart master says a name could lead the pack he breaks it down hi, carter >> dogs of the dow has its sort of critics. but the premises is this that if something has a high yield presumptively the stock has been a poor performer it's a value approach to investing. but what i thought i'd show you is actually the results of doing the dogs of the dow which are the ten stocks with the highest yield versus the dow going back to 2000. and there has been meaningful out performance. if you wlook at tlook at the te the one i think is the most interesting is verizon again its yield is 4.3%. if a few charts and look at verizon absolute going back to 2014 and you have verizon lagging but the key of course is -- is that as the market sold off which is what you expect a very defensive asset like this was doing well let's pull it back a little further. so here we have next time frame. this goes back to the lows of '09. and again you have potential that the market has prospectively more absolute downside risk and/

it wasn't all that bad top dogs squeezing out gains over the last 12 months while exxon, ibm and chevronaying one of these names could lead the pack in the new year he's at the plaza breaking it all down. >> dogs of the dow has its critics but the premise is this, if something has a high yield, the stock has been a very poor performer. so it's a value approach to investing. what i thought i'd show you is the results of doing the dogs of dow which is the ten stocks with the highest yield versus the dow going back to 2,000. obviously there's been meaningful performance so if you look at the ten stocks, the one that i think is the most interesting here is verizon. it's yield is about 4.3% so if you compare the charts and then we'll look at verizon absolute this is going back to 2014 and you have verizon lagging, but the key of course is that as the markets sold off which is what you would expect a very defensive asset like this was doing well let's pull it back a little further. so here we have next time frame, this goes back to the lows of '09. and again, you have potential that the market

we'll never run out of oil >> thank you michael worth, thank you >> good to see you >> chevron chairman. >> when we come back, a conversation with bill gates the microsoft co-founder or microsoft founder on the push for innovations and the battle against diseases coming up with the next new vaccine to save millions of lives. sqhterafr isn teth o ""uawk box." sfx: [phone ringing] you still have service? call the insurance company it's them, calling us. it's going to be a week before they can get through on these roads shhh, sorry, i didn't catch that. i said ask how soon they can be here not you. right now? what's now? he says they're surveying our property now they're probably at the wrong house i don't see any hovering his name is hovering? look up? by using machine learning and analytics to automate claims, cognizant is helping insurance companies advance how they serve even the hardest-to-reach customers. cool ♪ people know aflac... aflac! ...but not what they do. so we're answering their questions. aflac is auto insurance, right? no. uh uh. is it homeowner's insurance? no... uhuhuhu

chevron total and conoco phillips invested billions of dollars in technology and infrastructure to turn the extra heavy oil into crude oil exports now the challenge in producing these oil requires significant capital investment and u.s. is venezuela's biggest customer exporting and venezuela exports about forty eight percent of the oil exports to the u.s. and as their biggest foreign asset is citgo the u.s. based refinery and now currently venezuela accounts for about six percent of u.s. crude oil imports so any destruction of imports could easily cost u.s. refineries a lot of money now u.s. refineries are among the few customers that pay cash to venezuela for its own. and that's because venezuela's oil shipments to china and russia are usually taken as true pavement for billions of dollars in debt now let's take a look at the causes of venezuela's oil decline as in two thousand and seven oil prices were right rising and the chavez government side more revenue than vestment made by international oil companies began to pay off venezuela demanded changes in agreements made by the internat

we've had the city attorney sue chevron because it sells oil. now we have it suing pharmaceutical companies because it makes pharmaceuticals. back in 2002, the city attorney who was accused of ballot floating in the bay, signed off on about so-called litigation, which you are required -- you are affirmed to take action on behalf of others because they don't have access to civil litigation, that he would seek preclearance for all future actions. now, i don't know whether preclearance existed because the cone of attorney-client privilege was lowered on the process besides before he decided to blow a whole bunch of taxpayers' money on suing big pharma without any public comment. so i don't know what you're going to do in closed session, but here's a question that i have been asking about the city attorney. why haven't -- hasn't this city attorney sued tetratech? this city attorney hasn't even tweeted about tetra tech. it's the great tweet of silence. even the federal government signed on. we have our own radioactive love canal here in san francisco

the alliance occludes alliance which is called the alliance to end plastic weights state includes chevron phillips chemical company dow chemical exxon mobil for most aplastic corp procter and gamble reliance industries and shell among other or oil chemical as well as waste management companies now they pledged a billion dollars and what they're saying is hey more companies come join the alliance we want to boost that pledge up to one point five billion u.s. dollars to save the world from all those plastic that's absolutely everywhere there is seems that one of their focuses if you go on their website is cleaning up the oceans which we know is a huge story and i'm sure you've all seen pictures of what's happening in rivers and oceans etc absolutely awful so this pledge i mean it seems like a wonderful thing and suggest put a billion dollars it isn't that great these companies are fantastic aren't they their part. absolutely i've seen you know we're just throwing some of the roll there of plastic on the beaches and i denisov places it is really bad and kill and fish and just horrible for th