that's the key question in the chevron case.tely aside and said the courts have to defer, but that's wrong under the constitution, the court should have the first view of whether congress has actually empowered an agency to do something. >> ilya? >> you know, there's enough language in the supreme court's recent holdings on environmental regulation, other things, the ur case to get even more lawyerly and things like that, that a judge could hold regulator's feet to the fire more, whether through substantial requirements or otherwise. congress should strengthen that, but i think the political capital required to do something like that, it wouldn't be that much more, it would be about the same to pass something like the reigns act. requiring congress to approve any major regulations that are promulgated. bigger things like that are probably a better use of activists or academic resources than tinkering with substantial evidence. >> another question? >> i see another hand here in the back. >> hello. would you please comment on the

joined by michael wirth of chevron.ing some time >> pleasure. >> you have american contractors in iraq, they have removed from that country after the air strike do you anticipate they will go back and how much, if at all, have your operations in iraq been impacted? >> well, we don't have a big operation in iraq. we're up north in the kurdish region, and we take security measures on an ongoing basis as we see risks evolve around the world, so this is a relatively normal move for us to move some people to do their work from a different location we have good people on the ground still in iraq, iraqis and at some point as the situation clarifies itself and we view the security position as proper, we'll see people return. >> but you're still operating, still producing in iraq, just the americans have pulled out? >> yes, we're actually developing a discovery so it's not in production yet so it's early phase development work >> are you surprised the price of oil did not jump more than it did? >> not really. you know, we saw th

i'm camila bernal >>toniht we know chevron has now evacuated all of that amrican oil workers from iraq following last week's us air strike in baghdad, chevron amica's second-largest oil company said it is taking precautionary measure all of its employees and contractors who are us citizens have left that country for the time ing a chevron skeswoman says thesafety of its people and facilities are the top priority globally for that company. local staff are now overseeing chevron's ongoing operations while the american workers are out oil prices by the way moved higher today investors reacted to possible retaliation by iran after that us air stke killed the top iranian general. a local transportation agency is hurting r bus drivers, how he shortage is impacting thousands of commuters in the bay aa. >>and for the fir time in a decade more people are leaving the golden state that moving in how local lawmakers are solve california's homeless crisis plus getting ready for the big game. it will take a look at what fans can expect from th niners when they take the field against e vikings on sat

local staff are now overseeing chevron's ongoing operations and northern iraq. >>we might tonight tension with iran could impact your wallet, gas prices haven't gone up much yet. but experts say that may not last oil prices are already feeling the impact of rising since the us air strike last thursday since iran is not a major exporter of crude oil prices have not been affected as much. but if other middle eastern countries get swept into the tensions. prices could go up significantly. experts say if global oil shipments are disrupted expect prices to increase. >>a federal judge in los angeles says that he is likely to approve a million settlement with former patients of a former gynecologist for usc doctor george tyndall he is accused of abuse and misconduct. if the settlement is approved the usc people could start writing checks to roughly 18,000 women who saw tyndall during their time at usc that's regardless of whether they did formally accuse him of harassment or assault tindall has pleaded not guilty. he's out on bond. he's saying that he will not contribu

chevron has traded close to 18 times next year's numbers. i don't see a real compelling case there the case is for names like apache these names that are extraordinarily levered when they have just one hint of good news when they get some sort of tail wind, these stocks move significantly. apache by the way was a $19 stock a few months ago stock moved more than 50 and still probably up side so the bull case to me is the fact that these names have been under the radar, they are levered and again any hint of good news and they go higher >> and we added sl eaddedberger. and there is a bit of a cushion. we wouldn't buy it just because of the high difference denied yield, but you are talking about a 5% dividend in the name. >> and when we talk about the bull bear case for the investing across the sector, some of it is just a positioning story the fact that -- i don't know the last time where we opened and we were dedicated to energy. i think that it is good news because if you think about how left for dead the entire energy sector has been, we've

this is a live look at the chevron on junipero serra boulevard at 19th avenue. you can see the aftermath of the crash. the firefighters used the jaws of life to pull the man from the car. he was taken to the hospital. no word on his condition. firefighters say the car plowed into a structure that controls the vapors when you fill up your car. amy hollyfield will have an update at 6:30. >>> developing news on the coronavirus, about 10,000 people have gotten sick. more than 200 people have died. here's what we know this morning about the virus. it can spread human to human. people with no symptoms can still test positive. the coronavirus produces up to 30% of common colds. so the question this morning, what makes this new strain so deadly. dr. jennifer ashton explains what doctors are working to figure out on "gma" at 7:00 after abc7 news. >>> let's talk about something more fun. >> yes. >> super bowl liv. now just two days away. >> the 49ers are taking on the chiefs, so we're taking you live to south florida. here's a live look at hard rock stadium where the game

. >>> let's talk about chevron, now? round out our conversation the worst performer on the dow today. ceo was on earlier today they're not increaseses their cap ex which i thought walls interesting. are you going to put that money to work in terms of cap ex he suggests no we're buying back stock. our dividend looks good, that's what everybody owns the stock for. most interesting stats i learned today is a dollar increase thanks to brian soul advance, it equals $450 million a bump in free cash flow for chef ron. will they put that money to work in cap ex? the shares haven't done figure oil is the story oil may well be on the move no a while. does that mean the prospects are any better >> chevron is a blue chip company, great balance sheet, permian assets, so they have the better growth. i own it, it's a defensive, though, kind of energy play. i have a barbell approach to energy i have some higher beta names, and then i also have chevron i don't really floe, on a day like today will you get your head handed to you because

the chevron ceo in davos. and with climate change becoming a defining issue of our time, bloomberg is leveraging index reporting to illustrate the scale of the challenge. you can find bloomberg green online and here on bloomberg tv and radio. for now, let's get to our headlines. >> is the second day of the democrats' attempt to convince republicans to remove the president from office. adam schiff says mr. trump has shown no willingness to be constrained by the rule of law. the democrats have three days to make their case. on saturday, the president's lawyers begin their arguments. in china, health officials have expanded travel restrictions beyond the epicenter of a deadly virus outbreak. travelers have been halted in a city where the virus was first detected. neighboring cities are also restricting the use of transport. and beijing is canceling large events around the upcoming new year holiday. meanwhile, singapore has reported its first case. and the u.s. is stepping up pressure on south korea, threatening t

we have the ceo of chevron on.are the biggest player here around 9:40 with david and jim every incremental rise by $1 in the price of brent crude will add over $400 million in free cash flow to their bottom line every year every $1 for chevron in price gain adds over $400 million. think about that if you are up $4, $5 or $6 where you believe you you are going to be that extra money you are going to invest. chef r chevron has kept its capital spending flat. if you want that growth, that capital spending is a big number for adding jobs not just in america but globally >> brian, you'll be around all day with those interviews. we'll see you later on in the morning. thank you very much. >> thank you >>> back to the broader markets, futures indicating things are going to be about flat after stocks reversed early losses shaking off the middle east tension to close higher on the day. let's bring in mark tepper founder and ceo of partners. does this now put the energy sector front and center for you. are you buying or selli

shares of competitor chevron down 1.3%.after it reported better than expected profits but sales fell shy of forecast much of the drag on results came by the exploration in production units over there as falling oil prices continue to take their toll as among other things so those shares off shares are down 1.5% roughly 170,000 shares of premarket volume after the world's biggest maker of construction equipment posted profits up top wall street forecasts the revenues missed the mark and fell below analyst estimates as it grapples with global economic certainty joe i'll send things back to you. >> our next guest says the ingredients for stock market correction are coming together here to tell us about the most important technical indicators to watch, partner and head of technical analysis we'll start with the overall markets. maybe we can talk about caterpillar at the end that's the way they have things built. so the coronavirus, it's not a technical indicator but it may be an excuse for maybe we don't resume the decline imme

the company has been working to raise funds after a sales drop put pressure on its finances chevron is postpone any nonessential travel adding that employees will need to get approval for any china travel deemed business critical. shares are higher early going. >>> investors capping off a wild week for oil still below $53 a barrel it has fallen more than $2 a barrel energy remains the worst performing sector. down this month. not keeping some investors from making bold calls in the space >> as long as oil is above 50, there is a lot of money to be made as well as in the mid-stream space >> we are going off the charts take a look at this chart showing historical patterns in west texas crude this is seasonal and how oil tends to trade through the course of the year it tends to tank in january, which is where we are. >> you can move congo and others here from where they were. those are powerful names in the commodity market >> what does this mean for investors? numbers are due out in a few hours. both in 52-week lows equity analyst on oil and gas. thank you for joining us this morning. en

today, big oil, exxon and chevron applicants are disappointed.hey spent more money than cash flow for the eighth quarter. you also have philip 66, that stuck down by 4% overall. energy is the biggest driver, down about 3%. vonnie: kailey leinz, thank you for that. we will be bringing you special live coverage of the iowa caucus from des moines february 3 starting at 10 p.m. eastern and on tuesday, tune in for our special coverage of the state of the union address at 9 p.m. eastern. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. london, i'm guy johnson. this is the european close on bloomberg. we continue to watch with what is happening with the u.s. 30-year. mark, just cleared the 2% honey. remember the low hits -- last year, 1.5%. -- it just cleared the 2% mark, vonnie. let's get a first word news update. >> hey, guy. president trump's impeachment trial could end his earliest today. majority leader mitch mcconnell probably has the votes to end the trial. has announced he will vote against putting anyone on the stand. the coro

chevron's giving you 260 basis points above the ten-year, 4.3%.od balance sheet -- extremely good balance sheet, lowest cost of production of any of the majors, haven't had to make a major acquisition. for investors looking for income, chevron makes a lot of sense here. secondarily i would look at disney. it has a great future ahead of it. look at disney plus, it is blowing out what the expectations were from analysts. three new cruise ships that will be coming on-line in the next three years. the stock has pulled back. if you have been waiting, this is your time. charles: they report next week. let's talk about the momentum in the semiconductors. intel had a blockbuster earnings report. the semis are mind boggling. scott, can it keep going? how do you ignore something that's a juggernaut like that? >> you can't ignore it. it is something you need to take a lesson from, though, because when stocks have gotten here, specifically as you mentioned charles, the chips, they get hit. i mean, intel is overdone. we had some intel. we started paring it bac

now the driver crashed into a structure, right on the edge of the chevron gas station. we are told that this is the area that controls the papers when you are here getting gas, so that is what the driver crashed into, that is why it sparked a fire. i want to show you a tow truck just arrived. it is getting ready to remove the vehicle. again 19th avenue back open. reporting live in san francisco, elissa harrington, ktvu fox 2 news. >>> this morning, the united kingdom reported its first, from cases of coronavirus. to patients from the same family in england reportedly tested positive, this comes one day after the u.s. state department raised its travel alert in response to the outbreak, advising americans against traveling to china. now, china reported this morning nearly 9700 cases with 213 deaths. the cdc now confirms the first transmission of the virus between two people here in the u.s. that is a woman in chicago who became sick after a trip to wuhan, transmitted the virus to her husband when she got home. they are both in the hospital this morning, health officials

. >>> chevron has evacuated all u.s. oil workers from iran after the deadly strike in baghdad. they say it's a precautionary measure. all employees and contractors who are u.s. citizens have left the region in northern iraq for the time being. local staff are overseeing their ongoing operations there. a spokesperson says quote the safety of our people and facilities is chevron's top priority globally. they don't have workers elsewhere in iraq. >>> the u.s. is watching for iran's next move as the nation ends 3 days of morning for the top military general killed in the air strike. an estimated 1 million people filled the streets monday calling for revenge. natalie brand is live with the latest. >> reporter: as tensions escalate to a new level in that region, our team in iraq says there's fear and concern about revenge attacks against u.s. bases, and that's put military leaders and u.s. troops on alert. hundreds of thousands of iranians surrounded the vehicle carrying the casket of general qassem soleimani, vowing to retaliate against the u.s. for killing the american commander. p

biggest laggards that the hour -- caterpillar, chevron, exxonmobil reacting to those earnings reports among the energy companies that reported about one third have fallen short of expectations this quarter and there's a look at some of the biggest percentage decliners main question of analysts, how does the coronavirus impact gdp growth and demand for oil. back to you. >> thank you so with the major indices now on pace for the second straight week of declines and the dow looking at the first january loss since 2016, are fears of the coronavirus outbreak drives investors to sell or is there something more just below the surface? for more now, i'm joined by jim bianco and matt mayly. thank you for being here perhaps, matt, you're the market watcher, watching the technicals what does the trading action today tell you about the market sentiment given what's happening with coronavirus >> well, you know, it's obviously this coronavirus is seems to be or at least the concerns about it are spreading significantly and going into a weekend so people are like, geez, if it is worse over the weeke

it happened at this chevron on junipero serra boulevard.he driver plowed into a structure trapping him inside the car. firefighters had to get him out using the jaws of live. >>> to south florida now. a live picture outside hard rock stadium. we are two days away from super bowl liv. the niners versus the chiefs. the niners will hold a practice today before a walk through at hard rock tomorrow. >>> tonight the lake ers will py their first game since kobe bryant, his daughter and seven others were killed in a helicopter crash. >>> judgment day for president trump. the senate could wrap up the impeachment trial today if they don't accept new witnesses. >>> number five, we're looking at and feeling temperatures that will reach near record levels today. anywhere from 7 to 12 degrees above average, from 64 francisco to 70 in santa rosa. >>> seeing fog in san jose on 101, 87, this is a live look at san francisco. >>> number seven, the humane society of silicon valley is embracing super bowl excitement. starting today you can adopt an adorable pup

treasury secretary and ceos of paypal and chevron. you are watching "squawk box."nd we'll be right back we're carvana, the company who invented car vending machines and buying a car 100% online. now we've created a brand new way for you to sell your car. whether it's a year old or a few years old, we want to buy your car. so go to carvana and enter your license plate, answer a few questions, and our techno-wizardry calculates your car's value and gives you a real offer in seconds. when you're ready, we'll come to you, pay you on the spot, and pick up your car. that's it. so ditch the old way of selling your car, and say hello to the new way-- at carvana. there's one thing you can be sure of. they're changing by the nanosecond. that's why cognizant created a unique engineering approach to design and build new digital products. learn how cognizant softvision designs experiences and engineers outcomes. ♪ cool. ♪ >>> the biggest names in industry are talking to "squawk box." >> the momentum is the most important thing i look at and i'm really pleased with all three bus

they did so in the case of chevron. that's one of the reasons why chevron has the ownership that it does. but a company that is ahead of where marathon wants to be is apache, apa. take a look at that. but you need to gemmy's point a recovery in oil provides and natural gas prices. >> okay. let's go to sue herera for the headlines? hello scott, hello everyone. here's what is happening at this hour fog and visibility were so bad that los angeles police and the county sheriff's department had grounded their helicopters right around the time the chopper carrying kobe bryant, his teenage daughter, and seven others crashed weather is expected to be a primary focus as the ntsb begins its investigation. >>> senators myth romney and susan collins say revelations made by security adviser john bolton strengthens the argument for wbs in president trump's impeachment trial. they are haven'ted to vote on the measure. >>> state attorneys general will meet with -- to merge their probes into google. >>> at&t is spending money to upgrade

chevron, they are lower in light of for refining margins and petrochemical margins. seen that across the board today with a lot of the independent refiners down 3%. you can put phillips 66, marathon and others in that category. they are seeing their refining margins get squeezed with a higher oil prices and higher stocks of refined products. thank you very much for joining us. sticking with commodities, let's ring in our bloomberg intelligence analysts. gold seems to move on to things. geopolitical tension, people get anxious and they want to hold rocks. then easing monetary policy or low real rates or things that the central banks do. how do you decompose the move and gold between those two factors? >> i love the analogy of holding rocks. people who buy gold these days don't touch it. and you the correlation trust that there is a strong correlation with crude oil because one of the reasons gold is going up is because crude oil is a massive u.s. production. if we have a major issue in the strait of hormuz, the u.s. is in a unique situation. we are an explorer now. in

chevron down 3.5%.p sector so far this year, guys and not having a good day today. it is the fundamentals of the oil business clearly with those earnings but also the economic concerns about the fallout from the virus. >> yeah. as sara says the coronavirus contagion is accelerating some of the sell-off. we're below 3250 on the s&p. mike santelli is here to talk about the chicago pmi set this off. we were hoping january would bring some fresh, soft data. >> yes >> this isn't it >> not at all. it is not happening on time. this global upturn for on time the global upturn the way the prices were in position were not able to get that baton handoff to the growth story. that's the main thing. in terms of the way our markets are kind of gyrating here, you could argue, i had argued that we're just set up for some kind of an excuse to pull back, no matter what. something was going to come along. coronavirus came along and now it's very difficult to handicap, obviously. the bond market is doing what the bond marke

we did just get chevron earnings and exxon.hat space is value versus value traps. lori: a lot in providers, less in the e&p companies. upx: does this also wind meeting we will see lower for longer not just in developed market central banks but in developing? what is your forecast for that if we are in this environment we cannot seem to get out of even though financial conditions are so loose? chetan: for emerging markets, inflation has been relatively low. stay on hold and keep the doctor stance. he will probably some of the central banks coming in with a hawkish tone and thinking about rate hikes in the second half of 2020, but right now we do not see any big emerging-market doing a rate hike in 2020. romaine: what about some of the other developed markets outside of the u.s.? ecban: i think it is the where there is a more constructive tone we heard from christine lagarde where she was saying the downside risks have reduced and we as a house were thinking we probably would have more central bank staying that, but now taking th

chevron says it has evacuated all of its oil workers of iraq. the safety of its employees and contractors is top priority. chevron has operations in the self-governing kurdish regions of iraq but other foreign oil workers have stayed. >>> time now 5:03. new information now about a ukrainian passenger jet that crashed on iran. the boeing 737 jet operated by ukraine international's airport. it crashed about 2 minutes later. most of the passengers were either from iran or canada. according to iranian state tv the cockpit voit recorder and the flight data recorder from that plane have been found. and evidence about what happened to the planes leading up to that crash. >>> this morning a memorial will be held for the 89-year- old san francisco woman who died after being attacked brutally one year ago while doing morning exercises at visitation valley park. her home was ransacked and police arrested an 18-year-old man for the attack family will hold an event at the park. they're calling it a solidarity sit in to reclaim the park. >>> san francisco may

chevron has operations in the self-governing kurdish region of northern iraq. the oil ministry said that the number of u.s. workers left but other foreign workers have remained. >> right now we are felling more developing news from iran where a passenger jet crashed near the tehran's main airport it crashed in a farm field. they reported that there are no survivors. the boeing 737, 800, was carrying 170 passengers and crew bound for ukraine. they believe it is a mechanical problem and investigators are on the scene. stay with ktvu and ktvu.com for the the latest. we will bring you the latest on the 11 pm news. >>> here in the bay area a 14- year-old girl was a duck did abducted on her way to school a suspect grabbed a second girl who managed to fight him off. there in the small community that was rocked by these two attacks. >> reporter: both girls were on the way to the middle school this morning. everything happen within a mile of this campus. people are proud of how the two girls responded. >> as soon as she got home i had a conversation with her. >> reporte

it happened at this chevron at 19th avenue. elissa harrington, you've been out there for several hours so what do you know about what happened? >> reporter: good morning. the driver slammed into the structure behind me. this stricture houses different machinery for the pumps used for the venting. i want to show you chevron is closed this morning. the pumps shut down. there was actually a gas leak a little bit earlier so police had to close the intersection. it has since been reopened around 3:15 this morning. the driver slammed into the station and the car caught on fire. firefighters had to use tools to get into the vehicle and pry the roof off of the car to free the driver. >> we had 33 firefighters respond to the incident, and it was necessary to remove, as you can see, the roof of the car, to extricate the individual. even once the roof was removed, they were pinned in the car. we had very good crews who did a good job to get them out of there. >> reporter: firefighters did eventually rescue the driver. nobody else was in t

chevron says it's a precaution following last week's air strike.is its top priority. local staff are overseeing the ongoing operations in iraq. >>> the two men charged in a laptop robbery will be back to enter pleas. they're accused of running down shuo zeng as they drove away with his laptop. reed's aunt is praying for him as well as zeng's family. >> what they're enduring right now. >> tributes to zeng posted on the win dope of the starbucks will be placed in a memorial book for his family and a picture of zeng will stay there. >>> new developments in the shooting death of kate steinle. a federal judge tossed a lawsuit filed by her parents over the gun used in the shooting. you may recall jose inez garcia zarate fired a stolen gun in 2015. the bullet ricocheted and killed steinle at pier 14 in san francisco. the gun was stolen from a ranger's suv days before the shooting. steinle's parents sued arguing the ranger should not have left his gun unattended. the judge sided with the ranger that he had no duty to secure his gun from theft. >>> a dramat

chevron and shell are increasing their footprint and our more conservative in their approach in some cases. even if we see a price increase, we are likely to see slower reaction than we have seen in the past. the amount of time it would take for the price hike to translate into production increase will be significant. production goes down, we cannot count on u.s. production from texas or new mexico to ramp up production to make for supply loss. host: we will go to mike in crystal city, florida. democratic caller. caller: i heard you say that china and japan and all of those countries are dependent on the saudi oil. why aren't they down there protecting that? why do we have american soldiers in saudi arabia, protecting their oil? that is a question they are probably asking themselves as well. iny have increasing interest raising their military profile in the persian gulf. there is a sense of discomfort with the idea that the u.s. might not be as active or reliable in terms of maintaining security in the gulf as it was in the past. some of the statements that president trump has made h

raiz dela crisis creada despues que estados unidos mato a un general irani, la compaqia petrolera chevroneados estadounidenses de irak. john bolton, ex asesor nacional de seguridad de la casa blanca, dijo que estaria listo para testificar si el senado lo cita en el juicio politico al presidente trump. ♪ >>gracias por acompaÑarnos en esta noche del lunes 6 de enero. el asesinato del lÍder de las fuerzas armadas de irÁn por Órdenes del presidente donald trump,desata promesas de venganza. washington se prepara para ataques a objetivos estadounidenses. comienza el programa piloto para tomar muestras genÉticas de inmigrantes en custodias de ice. se denuncia la mida como una violaciÓn a los derechos humanos. llega la lluvia parte de australia donde los incendios han afectado a mÁs de 800 millones de animales y han provocado la muerte de al menos 24 personas. el fuego ha creado su propio clima. comienza la ediciÓn nocturna. ♪ ♪ ♪ ♪ locutor: este es su "noticiero univisiÓn" con enrique acevedo y patricia janiot. ♪ patricia: bienvenidos y feliz aÑo para todos los que nos siguen noche a noche. la f

firefighters say that for unknown reasons the driver crashed into the structure at the chevron gas station right on the corner. this is part of the system that controls the vapors. that car caught on fire. the driver was pinned inside. firefighters had to extinguish the flames and then they use tools to tear the roof off the of the vehicle that we were addressing. as you can imagine the access was limited. so we managed in that situation at the same time we were exiting watching the fire. the man was injured. firefighters pulled them out and put him on a stretcher. he is now being treated at s.f. general hospital. police did have this intersection shut down for about an hour because the crash also caused a gas leak. that leak has been stopped. crews have reopen the intersection. the cause of this crash remains under investigation. live in san francisco, elissa harrington ktvu fox tv news >> today a vote on whether to allow witnesses at the impeachment trial. it now appears republicans have enough votes to block further witnesses. >> they want to slow down now. they don't want to read up th

congo and chevron those are the best companies, balance sheets i think you are not overextended. >> ande had the ceo of chevron on the conference said i'm not increasing capital spending remaining fiscally disciplined whatever happened to the price. legendary terrain in telluride, the unparalleled landscape of park city, or the famed peaks of whistler, you've faced the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking ship skis delivers, hassle free. ship ahead and go catch those first tracks on fresh snow. ship skis. your skis. delivered. it's got all my favorite shows turn oright there.boom, i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even seeow your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. y

nbc news teamed up with chevron and the national science foundation to inspire more girls to exploreengineering. here is her story. >> i think we plan to do some construction this summer. >> i am a civil engineer. we are in the bridge way neighborhood. this is a private neighborhood of 26 of the 27 homes burned down in the 2017 california wildfires in the north bay. we are doing several post fire projects privately owned d8road. engineers are working with this neighborhood to design and and coverts whichq&bwúÑ convey all drainage through the entire hillside water shed into mark west creek. this natural disaster really hit our community hard because it is in our backyard and we were on the national news. >> you can kind of see where the water is. team work is a huge part of engineering. it is next to impossible to do something by yourself. really so many ideas coming out of it. >> you can find more and discover more videos online at nbclearn.com/engineering. >>> this comes as wilson elementary school which was named after president woodrow wilson which is being rebuilt. it would help

. >>> chevron says it has evacuated all of its non oil workers from iraq. the safety of its employees and contractors is a top priority. 7 ron has operations in the slefl governing. a number of u.s. workers have left the area but other foreign oil workers have stayed. >>> we have new information now about a ewe crane yan passenger plane that crashed in iran. all 17 singz people 76 people on that plane died. it took off and it crashed two minutes later. no americans were on board. the cockpit voice recorder and the flight data recorder from the plane have been found. that will provide investigators with some crucial evidence about what may have happened to the plane leading up to that crash. . >>> beaten one year ago today while doing morning exercises. her home was ransacked and police arrest an 18-year-old man for the attack. loved ones will hold an event at the park starting at 7:30 this morning. they are calling it a solidarity sit-in to reclaim the park. >>> later today san francisco mayor london breed will take the oath of office as she begins her firs

taking place with the ceo of chevron in the 9:00 hour.to your customers' expectations, there's one thing you can be sure of. they're changing by the nanosecond. that's why cognizant created a unique engineering approach to design and build new digital products. learn how cognizant softvision designs experiences and engineers outcomes. ♪ cool. ♪ >>> let's get a final check on the markets before we hand things off to "squawk on the street." futures have taken a dip at this point, dow futures have gone from up through most of the session to down about 65 points. >> senate prediction >> byron wink. >> zidl got long >> nasdaq down yesterday the markets managed to close higher watch all day long join us tomorrow right now it's time for "squawk on the street. ♪ three that's a magic number, yes it is ♪ ♪ it's the magic number ♪ somewhere in this hip top sou community ♪ >>> good morning to tuesday. welcome to "squawk on the street." i'm carl quintanilla with david faber and jim cramer futures lost some ground this morning as the market weighs the

it's also why exxon and chevron stock both ended in the red. pretty stunning, isn't it? more on that later too while the averages could get hurt monday please don't panic no one ever made a dime panicking. we have important macro data coming that will relate to stocks it all starts with purchasing managers index of pmi numbers monday that gives us the first snapshot of how the economy did last month decent growth, nothing too exciting and that is the optimal situation for higher stock prices when things get too exciting and growth is more than decent the fed may feel compelled by raising interest rates i don't see that happening why do i feel so sanguine? we had a new wrinkle rate cuts from the fed are working and that should give us a nice boost i know a lot hate it when the federal reserve gives us easy money but these stimulate the economy and responsible for a weaker dollar. always -- i always have said it will work because they always do and my 40 years of investing experience you know rate cuts have mattered every time except during the great recession when they we

it happened around 3 am at the chevron. 32 firefighters arrived on scene in force and rest for the rescue. >> it did provide us with an electrical hazard but we managed to control that. >> authorities are still on scene investigating. no word on the extent of the person's injuries. >>> happening today a man arrested in the deadly alameda county hit man crash is set to face the judge. 29-year-old alexander mcgee was taken into custody in oakland on wednesday. and investigators say last monday he was assaulting a woman in his car when an officer approached, he took off. mcgee is accused of running over another woman. a 58-year-old transient during the chase. then fleeing on interstate 80. the victim has not been identified. >>> one of the defendants in the ghost ship warehouse fire trial will get a date for his next trial. the warehouses former master tenant there, and is set to appear at an oakland courthouse this morning. the new trial was originally set for sometime in march but yours deadlocked on his innocence in the first trial. he faces manslaughter charges and up to 39 years in pris

chevron boulevard. 33 firefighters arrived on the scene in force and rescued a man. he was immediately taken to the hospital and no word on the extent of in the injuries. >>> the los angeles lakers will take the court since kobe bryant and his daughter died in a crash. they'll pay tribute to bryant before the home game. details haven't been released. the lakers postponed a game earlier this week. >> in cal bass as, nine lives were lost, leaving a gaping hole in the heart of los angeles. we gather tonight in the house that kobe bryant built. >> last night the l.a. clippers honored bryant as they played the first nba game at the staples center since the accident. clippers for paul george narrated that video tribute. he wore shoes honoring kobe bryant and so did the clippers coaching staff. >>> and people gathered 14-year- oldality belly and her parents who died in the crash. they've identified all 9 of the victims and that clears the way to make funeral arrangements. >>> the democratic candidates are making their final pushes through iowa three days before the caulks t

it all happened at the chevron station along junipero serra. at one point look at all of the response. at least three dozen firefighters with working to get someone out of the car. the car caught on fire and the flames had to be put out during the rescue but they transported that person to the hospital. >>> other big story we've been talking about. are you ready for some football? the super bowl is almost here. the big game this sunday. >> you better be ready. cheryl hurd joins us live in miami. looks good, cheryl. >> reporter: it does. super bowl sunday just two days away. starting friday, all of the hype is on steroids. we have some good stories to tell. including later on i'm talking to a young man who is from the bay area and he's a back-up dancer for j lo. so for now, back to you guys. >> he's got to have good moves out there. >> cheryl. >> today is warm but for super bowl sunday beware, we are tracking winds, gusty conditions and could mean wind advisories for san francisco and inland areas with the cool down by sunday only in the 50s. >>

this is a back-up at 19th toward highway 1 and the merge near the chevron. if you haven't seen the video and pictures from pete, the car crashing into part of the gas station. so that is what is going on there. muni not reporting any delays however it might be affected by the closure of a little portion of 19th so watch that. back to you. >> thank you, mike. >>> 5:20. working to prevent another tragic action. the action one state lawmaker is taking following the deadly chopper crash that killed kobe bryant and his daughter. >> and a mystery object lights up the sky in southern california. the growing buzz over what it reallies was. you're watching "today in the bay." >>> 5:23 now. and tonight the l.a. lakers are set to play the first home game since the death of kobe bryant. resale ticket prices tonights game are surging online with some selling more than $11,000. last night they paid tribute to bryant with video and some players wearing kobe's shoes. the clippers also honored bryant during their game against the sacramento kings. kobe dies tragically in a h

chevron and exxon said to report results. on everything key investors need to watch for, ahead between what is hoped for and what can be, there's a bridge. between endangered and protected, there's a bridge. between chaos and wonder, there's a bridge. there from the beginning to where we stand today. one company. one promise. if you can imagine it, we will build the bridge to get you there. cisco. the bridge to possible. >>> energy under pressure this w week we've analysts calling for this coronavirus to potentially shave $3 to $5 off of price of oil paul sankey, where do you rank coronavirus in terms of what it does to oil? >> well, we obviously don't really know, but potentially very seriously it's not so much the absolute impact of what happens, it's what happens at the margin with oil. all the growth is essential from china. so as soon as you see -- well, china and india. as soon as you see something like this that affects china at the margin, it becomes extremely negative and concerning, and we are oversupplied in oil. s

tried and true names in a lot of portfolios macy's, 3 port, exxon, marathon, united, biogen, pfizer, chevron, wells, usb, target, disney sharks want, ibm. >> gives you an idea about what you said the narrowness of what we are just seeing in terms of the rally. >> all of those are down more than 10% from their 52 week. >> this happened recently as well a few weeks ago many of the names were hanging in there pretty well. the coronavirus certainly being a huge effect on what's going none the market right now. the real focus is, to josh's point, there are various thing that give you less and list less clarity. the impeachment hearings the coronavirus. all of these things are thrown out at us. almost got forgotten about the fact that was a fed meeting yesterday. didn't hardly even get talked about on the network yesterday all of that being said i focus on earnings season we are kicking it off. those that have reported for most part, most of what i am following anyway seem to be doing very well. a lot of the names extremely well the reaction afterwards, maybe the guidance wasn't great but the actu

got an indentation to accommodate citron double chevron logo.umper inserts and air bumps in different colors can also be had. looking at the sci fi. from the side it is almost as the roof is floating above the body and windows other carmakers have been playing with this effect as well it's a truth by making the a.m.b. pale as glossy black which also seems to stretch the body out on the sea 5 across the black roof an area set off from the body when i see shapes chrome trim. pick up those and the killer app that. highlights at the rear is the smart design of the l e g tail lights with the 3 d. effect. the 1st thing is sees when she climbs into the c. 5 across is the superbly up post and see. that's a decisive factor in making this as you are reading so comfortable. it is especially like the combination of materials which gives the interior both some high quality and a stylishly modern look the only part she doesn't like that much all the while this charging parents for smart files to hurt they look as if the designers had lost their aspiration for

investors will be on the lookout today for two big earnings reports from oil giants exxonmobil and chevrone stocks rebounded yesterday. >>> the dow jumped 124 points, the nasdaq add 2d 3, the s&p 500 gained 10. >>> the chinese outbreak may benefit the economy. congress secretary wilbur ross said it could encourage manufacturers in china to return ao-caed victory lap over the virus, but added it does give businesses another thing to remember. critics say many u.s. companies with deep roots in china say they won't leave over the outbreak. >>> an out-of-house committee is investigating apps like tinder and bumble. they want procedures for verifying ages. officials also want to know about any complaints over assaults, rapes, or the use of the service by minors. dating services generally require users to be at least 18 due to concerns about sexual predators. >>> johnson & johnson has been ordered to pay over 340 million dollars in a deceptive pelvic mesh suit. the department of justice says the company was sued after it was revealed johnson & johnson neglected to inform doctors and patients of

caterpillar, visa, chevron and exxonmobil all responding negatively after reporting earnings caterpillaroving lower on 2020 guidance but weak demand from the energy and mining sectors that have been hit by the drop in commodity prices. oil prices are lower that's being reflected in oil and gas stock, not just today, but a look at the performance, double-digit percentage decline for big oil producers. marathon oil, cabot. apple give back some gains it made earlier this week, down about 2.5% the dow breaking below its 50-day moving average. a lot of pieces here with the dower down 409 points. morgan >> seema, thanks for what's moving the most today. reynolds consumer products, reynolds wrap, aluminum foil, hefty trash bags, is bucking the downtrend, surging its debut at the nasdaq, first multibillion-dollar listing of 2020 shares up about 8% since going public the ceo lance mitchell joins us now in a first on cnbc interview. thanks for being here. congratulations on the ipo >> thank you and we appreciate the invitation to talk with you today about our ipo and reynolds consumer products >>

with exxon and chevron, they are going for steam ahead.hery: take a listen to what the ceo of bp had to say about why they are going ahead with these initiatives. >> 2 billion more people on the planet, one third more energy needed. we need to reduce emissions, increase energy. we have to be really careful about our investments. it has changed a lot in the next decade, it will transform in the next decade. companies need to get on with this. shery: just quickly, will this lead to some concrete steps? we have been talking about climate change for years. but there doesn't seem to be a concrete action plan that these companies seem to be carrying out. simon: there is no firm understanding for how you measure scope three emissions. that is probably the first realistic step we can expect to maybe see. but that could maybe not come this year, it may come in later years. it is a very complex issue. there is a lot at stake. future strategy for these giant companies and where they go from here, they have not had a particularly good last few years.

. >>> all american oil workers for chevron are out of iraq. the company evacuated them from the kurdistan region in northern iraq as a precaution. the bay area company says safety is its biggest priority worldwide. >>> here locally, the 2020 bottle rock festival lineup was released today with acts like red hot chili peppers and stevie nicks. but the festival wasn't always the thriving attraction it is today. >> five live stages. with an expected attendance of 120,000 people, that makes bottle rock one of the largest music festivals in the state. >> reporter: the 2020 lineup is finalized with some of the biggest names in music: stevie nicks, red hot chili peppers, and miley cyrus. there are 77 more. >> it's arguably the deepest lineup we've ever had. and in terms of female presence, it's the biggest lineup we've ever had. >> reporter: the success of bottle rock is spectacular. more than 20 wineries will have exhibits. dozens of famous napa restaurants serving food from food tents. and the pricey tickets go quick. some years they sell out in min

and merged with highway 101 and through the area and it is right there at merge where there is that chevrontation and the propane tank might have been affected or close to the propane tank so there is tre i see surface streets rp in and out of san francisco. and market street is now banned to private vehicles but taxis and your transit buses are still in operation. that will not change and so you have to adopt your route. thousand you know for the weekend. you could cross market in your private car but you can't drive down from van ness toward the embarcadero. the fog vianey is talking about. may be a factor for some folks in the area. vasco moves smoothly and 580 is clear because of a spill back in tracy on 205 keeping things light here. back to you. >> thanks, mike. >>> san francisco man said he is shocked with the response about his traffic ticket appeal. >> anthony deguzman said he was stabbed steps away from his door and he asked us not to show his face because of the crime. his car was parked after cleaning the street and after he was at the sf general his family member did move the c

it's next to the chevron refinery. the property has been fenced off since the navy moved out in the mid '90s and sold the property to richmond for 1 dollar. now there may be 1,250 h1,250 h built. >> the people of richmond, the predominantly working people of richmond deserve high quality parkland. >> this project presents some opportunity because of the commitment to local hiring and affordable housing. >> point molate. an indian tribe tried to put a casino on that land, that wound up in court and officials have until april of this year to get a development deal or give the land back to the tribe for $300. >>> a pop-up bar on south beach is serving a san francisco treat. >> the 49ers and the chiefs fans can get an extra kick of caffeine with a splash of something more. here's amanda del castillo. ♪ >> reporter: two sugar cubes, piping hot coffee, a hit of whiskey topped with cold cream. it's irish coffee we have come to love from the buena vista cafe, but this is not san francisco, this is south beach. >> reporter: mik