this isn't buy with all hands, this is yes, there are companies like schlumberger and chevron that are going to be here tomorrow and then some when oil prices are going to be higher. >> you can't unsee guy in a tank top. this is a family show. indulge me if you will the production cuts that were agreed to by opec plus go into effect in may. could we be seeing some relief for wti coming >> i also have to say i am so thrilled you're here, you can't even have any idea how happy i am to hear your voice. i don't see you, but i imagine you look great welcome back the question, is there anything to be optimistic about in energy in may >> yeah, the production cuts that opec agreed to come into effect in may. >> so opec agreed to it, and russia agreed to it, you know, you got to forgive me, i'm not fully on board with believing that's going to happen even those production cuts were phased in and decreasing over time guy has made this point many times. he can make it better than i but they want to see us in pain, opec and russia. why would they step off our necks when they're seemingly about to

and some breaking news involving chevron and venezuela, that is coming up. we'll head out for news around the world. matt, we'll kick it off with you with key stories in asia >> hi there, brian asian markets fairly fixed but coming well and truly off the lows that ongoing slide we are witnessing in bent crude really denting investor sentiment we did see gains for korea and china. hong kong, an interesting story we are watching higher as well the hong kong manufacturing authority intervening and selling dollars overnight. again this morning as that current currency trade in australia, the market well and truly off the lows of the day. we did have a record-ending sale sales up 8.2% on the back of panic buying as super markets went into lockdown with the like of wol worth and kohl's. facebook is taking a 10% stake in reliance digital business the online grocery mart jio. back to you. >> thank you to the early trade now in europe to julianna tatelbaum in london. >> good morning. european markets are trading higher bouncing back after yesterday's steep selloff. t

has gone from trough to where it is now whereas an exxon mobil has gone from 30 to 40 chevron's out pacing exxon in a meaningful way. one is outperforming the other that tells me that chevron is in a much better situation than xom, brian >> now we have tim seymour joining us as well were you watching the energy or commodity complex at all today >> crude ended up finishing down 2 1/2% the etf that tracks the energy sector the reasoning i'm so specific on those numbers is because that was the day that oil bottomed. and we've had a 48 to 50% rally guy talked about chevron, you have to pick stocks in the energy space, just saying that prices are off this low base we've seen this from energy before chevron is one of the most agile in the names they cut the budget to 3 $1/2 million now, they're going to have free cashflow if you want to invest in the space, you have to chase the balance sheets that make the most sense last week and last year they were probably the best run, chevron has been that, i think along with conoco phillips >> dan, what are your thoughts >> these guys mentioned che

chevron is a difficult one but i think of all the majors when it comes to oil i think chevron right now is the premiere that's my rational for that one. i like it a lot. i think there's potential promise there. we talk about natural gas and a lot of people lose that side of the story in terms of some of the big majors and how much exposure nay gained over the last decade in the natch cal gas space. i think that's something that gets lost along the way. when it comes to american express, i look at that name, it still trades cheap i think it's very inexpensive. there's another name on thissco the upside i think fintech is a really interesting spot this is one of those names where it's almost a must have. it's a range i look at paypal as you buy it a 100, you start getting light it's been crazy. obviously tied to a lot of the news about what's been going on with the pandemic. i still think the trade inexpensively. it's had great run to the up side i've been in it. i got out. i got back in. i pulled back a back we continue to see incredibly large option of players in the gilead space we're

on the energy front, we had exxon mobil, continental resources, chevron, southern company, alabama power, conocophillips, kindermorgan, and a few others, big ones, great ones. financial services, we have blackstone, stephen schwarzman, paulson and company, citadel, elliott management, vista equity partners, robert smith, fidelity investments, abigail johnson, mastercard, visa, sequoia, stevens, warren stevens, charles schwab, chuck schwab, will be here by phone.

, chevron, southern co. , alabama continental resources, chevron, southern co., alabama power, conocophillipsan, pass corporation, perot group, and a few others. big ones, great ones. financial services, we had blackstone, stephen schwartzman, paulson and company, john paulson, said adele, ken griffin, elliott management, paul singer, . .. we said adele, ken griffin, elliott management, paul singer,... we will eat president trump in the rose garden. really a pay—out of praise. from the president about his and his administration's handling of the pandemic. a few headlines to come out of it as well. the fact that he has told his team to halt funding to the who. for their inept handling of the who. for their inept handling of the crisis. listening to this, as indeed yesterday positive press conference, caddy k in washington. almost as if this crisis is over. yeah, it is a true hear about the aphoristic way that he is talking about it. even sent it will get to the who and a second but he said there are at one point the plan for reopening the country is being finalised and he said it is a very det

oil is a key component in two very big players obviously, exxonmobil and chevron.on't know if you were to take them out of the equation how much better the dow would be doing but i suspect significantly better. phil flynn follows oil industry closely. just since you and i talked at the beginning of this show, phil, we lost four dollars a barrel. i understand expiring contracts. you highlighted that the fact that contracts further out are a lot higher but what do you make of this sort of falling knife issue here? >> you know this is a squeeze play in reverse. usually we talk about squeeze play when a lot of people are caught at the last minute on the wrong side of the market, it usually drives prices higher. i think we have a situation where a lot people were betting oil prices couldn't go below $20 a barrel. they bet they couldn't go below $15 a barrel. they bet they couldn't go below five dollars a barrel. guess what? they did. so you have a situation where everything could go wrong for the bulls in this may contract is. and there is a lot of concern that there is

chevron will pay nearly $150,000 for dozens of air- quality violations at its richmond refinery. according to the district, the violations happened between 2016 and 28 teen and have since been resolved. the money from the settlement will be used to investigate and enforce air polity standards around the bay area. >>> as her stay-at-home order continues, we see clear skies and a lot less air pollution. san jose state university has been tracking the dramatic decline in air pollution and air polity officials say it is all thanks to the 70% drop in cars out on the roadways. >> we are hoping that as things go forward and we go back to our normal lives, eventually, people will make a certain resolved to continue the progress we see today. >> the drop from air pollution can be seen in space and will provide a first of its kind study of how our climate works. >>> speaking of air-quality, paul, it was another beautiful day today and the skies are so blue and the air is so clean. it is nice to get outside and breathe it in. >>> it has been nice the past few days. we have more of this kind

we reached out to more than a the only one that would sit down with us was chevron phillips.he vice president of sustainability. you've seen california, the legislation... >> yeah, yeah. >> sullivan: some bans across the country, and a lot of targets on single-use plastic. >> uh-huh, yeah, our view is, you have to be very careful with that, 'cause sometimes the substitute products can have a bigger environmental impact than the thing you are banning. >> sullivan: right >> so, we don't think banning these products is necessarilygo the, the right way t >> sullivan: what does chevron phillips want to see happen? c.c. goals-- americanly, the chemistry council. >> sullivan: yeah. >> goals of getting plasti waste out of landfills by, i0. think, the date is 2 >> sullivan: chevron phillips would li to see all of that plastic recycled back to make new plastic things >> yeah. >> sullivan: how, how do you get o a place where 100% of this plastic getting recycled? how do you get there? >> much more education needs to happen... y >> sullivah. >> ...on how to recycle. you also have to real

we stuck to hear from chevron, exxon, and total.xxon and chevron have maintained a flat dividend for the second quarter. athink chevron is probably relative winner. has by far the strongest in the sector. will be in a better position to use liquidity of that balance sheet to prevent a downturn. they are also pretty heavily levered towards the permian basin and current conditions are pretty poor. expectation inur terms of the ability of opec to manage oil prices? we are trying to figure out how the global economy will return to work. we are trying to understand what the long-term trajectory is for demand. how long will it take to unwind the current situation? do you think opec will be able to manage through that process and come out on the other end in a situation where it has control of the situation? i do not think opec will have any control over price. they will be able to partially manage supply, but you hit it exactly right. demand is the overwhelming factor in the market. the pace of demand recovery could be relatively slow. we

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyo america. ♪ step by step, we're going to figure this out. we're gonna find a way through this. we're working really, really hard in hospitals, our nurses, our techs, all the docs. it's about staggering when people get sick so that the hospitals can cope. we're gonna go through an awful lot of these. all across puget sound, people have been stepping up and donating personal protective equipment. we stay at work. for you. you stay at home for us. just know we're all with you. thank you, thank you so much. thank you doctors & nurses. (upbeat music) - as themselves they were protagonists of sport. but they chose to play a variety of roles when performing for a different audience. who rose to the top? this time on the short list we're counting down the top 10 athletes who became actors, because retirement can get pretty boring and hollywood can be really alluring. some excelled on the big screen. others performed better on the silver screen. but all of them were entertaining. (jazz and dru

our search to transform... ...farm waste into renewable natural gas led chevron to partner with california bioenergy. working to provide an alternative source of power... ...for a cleaner way forward. >>> now at 11:00, an urgent plea as the bay area heads into a warm weekend. tonight, the precautions in place to reduce the risk of overcrowding. >> a call for sweeping reform at assisted living facilities after at least 10 deaths as a peninsula care home. what one advocate says needs to be done. >> the unemployment rates in napa county are supposed to be some of the highest in the bay area next month as the tourism industry shuts down. how some are trying to adjust to a new way of doing business. >>> now at 11:00 and streaming on cbsn bay area. solano county is now the first in the bay area to extend its stay at home order an extra two nd betty yu explains determining j those orders get extended. >> that's right. mayor london breed warned that now is not the time to lose sight of our goal. she said it's likely the stay at home order in san francisco could be extended weeks, even a month. we

so of all this, thomas argues, is the different doctrines but the court had in chevron and resources defense council. in 1984. chevron requires courts to assume that congress intended that any ambiguity under which an agency operates should be resolved by the agency, not the courts. consequently, exasperatedly, not only do you have bureaucrats making rules like a legislature and interpreting them like a judge, but also the interpretations amount to a further lawmaking power. with no checks or balances whatsoever. with administrative states skeptic, brett kavanaugh now on the court and with x thomas clerk and x trump d regulations replacing him on the appeals bench, we can hope for more sanity on this topic courts in the future. let me finish this train of thought with a virtuoso thomas opinion from last year. his descent of the u.s. in this case, the justice takes on the third and last act in the courts attack on the framers constitution. the ever bolder license with which those presumed to make up the law with no prompting from either congress or the preside president, the claim tha

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyamerica. ♪ just like covered california teammateshelps you finder find a way to win, health insurance you can afford. they're the only place you can get financial assistance to help pay for health coverage. plus, this year, the state is providing more help than ever before. and because a new law requires californians to have health coverage or pay a penalty, covered california has made it easier to get financial help, but time's limited. visit coveredca.com or call to enroll today. . >>> living in a school dorm. homeless people were moved to sonoma state. the changes that are happening. >> most students moved out to hearn remotely. that leaves the campus vacant. >> i saw them putting it up. >> a mom and daughter have watched the changes. dorm rooms are getting new york bands. homeless people at risk. >> i feel this is a perfect location. nobody is doing anything on the campus. >> the national guard got the campus ready. >> you have the gyms, large meeting spaces. areas where people can

chevron is a strong credit you have some weaker credits among the smaller companies.ink what you're going to see not is a sort of a desperation move but what you're doing to see is the exxons and chevrons of the world taking advantage of this and buying companies and staffing up assets that they normally wouldn't be allowed to snap up. it's not to say they will be hurting a lot. there is simply no place to put the oil in a lot of parts of the world. before you go, you've talked about fund that ate the oil market what's your take away there? >> you can't stop people from doing dumb things. there's been swaths of time when you could have made money with it it's not a very well designed product. it allows mom and pop or funds that can't own futures to play in the oil market. uso, now realizes how close it came to the edge it's changed its holdings. it's changed its holdings a couple of times. it owned as much as 30% of the june wti contract which was a huge position. it's now moved its position parts farther out the curb the danger that you get stuck actually having to -

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyica. ♪ >>> this is mornings on 2. >> good morning to you and thank you for joining us. >> i sought instagram post by our partner and steve, you are in on this too, i see. >> way ahead of you. it's amazing how that all works out. we have another nice day on tap but still well above average. change starts tomorrow. it will still be warm inland but it does look like another nice day. it will be a little cooler by the coasts. we have 53 in the city and 51 san jose and livermore is not 44 degrees. a little more of a west wind or southwinds and that is a bi change from yesterday where we had a north northeast wind but the system is on its way and that will start to bring low clouds and higher clouds. today, we are good to go with 60s and 70s and a few near 80 degrees.>>> when it comes to the traffic, you can never tell that this man has at all figured out. >> you never can tell. traffic will be lighter and it will be interesting to see when things reopen as we take a look at the richmond bri

but the kinds of scenarios that he talks about that conoco phillips to merge with chevron, met with a high degree of skepticism and the call of negative oil prices coming true. just how extreme might conditions get to reshape the companies in the oil patch as we know them? >> no question that we're in -- i mean, the industry is very, very challenged and so what's playing out on our screens is going to continue to play out over the next couple of years and companies are going to have to do something to survive and so, there are going to be significant winners, probably going to pick through the ashes of the losers and find the good assets there and so, i do think that consolidation is a natural outcome of this. may take a couple years to play out so immediately i'm skeptical it would happen immediately but we're going to have fewer companies in a couple years. >> yeah. i guess the question for investors is maybe how to bet on the acquisition tar gets or something to that effect my final question is if there's anything that you heard from ryan sitton of the plans with north american pro

oil executives from exxonmobil to chevron to occidental petroleum to a whole bunch of other names.hey are among those invited to the discussion in the cabinet room. what we're going to do is bring you the video of that meeting and headlines from it as soon as we get them. in the meantime, we flip it over to the marks. -- markets. they may be sliding but tesla is rallying. the electric vehicle giant said it produced nearly 103,000 vehicles and delivered more than 88,000 during the first quarter. tesla whose stock is up 5% right now also said that model y production started in january and deliveries actually began during the month of march, and that is ahead of schedule. so tesla stock stands at $478.64. flip it over to autonation. it is stalling out after announcing it will be laying off some 7,000 employees after seeing year over year declines in sales of approximately 50% over just the last two weeks here, folks. that stock is down 3%. and the last two weeks, yeah, so bad that the employees will be placed on unpaid leave and there will be pay reductions for associates and higher-u

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyica. ♪ i'm a shooting in the east bay left three wounded. police say it happened. >> i virginia avenue a few blocks from interstate 580. all were men. it's unclear if they were victims of a drive by shooting. >>> a man with a machete caught on video running up to a him so two occasions. lester trained the man but they let him go pause of the coronavirus? this is video showing a stranger running up to a home in brentwood at two in the morning. >> the door bell went off. >> i made a phone call to the police immediately, and its with a good 15 minutes he was outside. >> officers arrived but the man was gone. the man had stole and the surveillance camera. at 4:00 a.m. the man came back carrying a machete. >> i'm in panic mode. >> what the man was doing there is unknown. here you sigh the man stealing a second camera. he called police. >> the police came quick, within fire minutes. they got him. >> the police got him and let him go. the police confirmed the suspect wasn't booked in jail in

companies, they are up, yeah, 4.5% for exxonmobil, chevron up 5%. that is definitely adding some rocket fuel to the dow jones industrials which is now at session highs, up 748 points. >>> let's talk about two of 2019's ipo all-stars, levi strauss and pinterest, surging on positive earnings news. levi's topped earnings estimates for the first quarter despite being negatively impacted by unrest in hong kong and of course the coronavirus situation, they are up 11%. flip it over to pinterest, you can see that's up 10.5% because they released preliminary first quarter results. they expect revenue above current consensus estimates. both did withdraw full year guidance, though, because it's not really very transparent right now what's going to happen or when we get through this storm. the furloughs, speaking of storms, just keep coming for some companies. adding to the list, dick's sporting goods and pvh, the parent of tommy hilfiger and calvin klein. then arconic which is one of those companies that makes aluminum steel in sheets. well, all of these stock

when i look at your recent portfolio additions, you mention sixed chevron. -- you mentioned chevron.is. is it that chevron will survive where others fail? what will be the thing that stands out to you? guest: yes. they have a superior balance sheet. moree looking to make investments in the oil business, but within the confines of our discipline, which is to do so among companies with strong balance sheets. in the u.s., that is very hard to do. the thesis is very simple. caradvent of the electric is going to be slow enough that the fact that millennials, which are about 90 million adults in the united states ages 23 to 39, are going to get involved in the automobile so much more in the next five to 10 years as they get married and have children and form households. move fromf them to concentrated spots in expensive coastal cities to someplace else in the united states. there demand for gasoline -- their demand for gasoline will double in the next 10 years. about $240we have million in the united states. it is highly likely we will need more gasoline. whereok at the world, most of the

exxon mobil and chevron each losing more than 4%. we also have ibm and cisco systems the two loan gainers. ibm will be reporting results shortly. first quarter numbers will be crossing. parsing through the relief to about they say anything the first quarter. those people were focused, fixated on the oil market where the may contracts closed at a -$37 per barrel. romaine: they will probably be fixated on that tomorrow as the contract has the final day of trading. a lot of folks i have spoken four days,he last when they expect to see a rebound. 27% from up about those march lows, still down about 20% from the highs in february. there is a lot of indication in these names, tele-dock. there are a lot of people coming that they think there is a bottom. now it is just a matter of whether we get the economic data and corporate profit data to back some of that up. fill with us, katerina simonetti. thanks for staying with us. i want to get back into our conversation. when you start to map out the long-term outlook, for equities, other asset c

folks three names in the dow are associated with oil, dow chemical, chevron and exxonmobil.ou add in boeing, the fact is down only 281 points to me is remarkable. erin, the earnings season began last week. to me one trend is beginning, maybe it can continue. companies announced they were hiking dividends were handsomely rewarded. johnson & johnson was higher, costco was higher. is that something for viewers looking for quasi-safety should consider? >> it is important also. it is message, they are able to save cash to pay dividends. sop companieses are cutting dividends or cutting them back. that is rance sure for investors to have enough to pay investors. charles: david, the buzzword on wall street has been quality. i guess maybe, if you can't go you there the books, you don't know how to read a balance sheet per se to erin's point, if a company is hiking their dividend they must be a quality company to degree, no? >> it is usually a pretty good sign. you're talking about the designated survivors. talking about some of the best names in the market right now. look into the he

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slapping a band on chevron -- ban on chevron oil imports from venezuela.were put on hold as a result of the price collapse in a lot of latin american oil grades in addition to what we are seeing for benchmarks like wti brent. what's more to come. this is bloomberg. ♪ daybreake watching australia. oil halted after the collapse in the expiring may contract expanded into active months. there was sloping demand and a lack of storage has already taken thousands of oil jobs and -- policies and unscheduled video call. higheri futures opened in asia. china is calling for a reset relations, saying the lack of transparency in washington is worrying. the ambassador told the bloomberg new economy podcast beijing has shared all it has infection. the the u.s. doubts this but says the -- china says they have done all they could. grim outlook for casino operators, expected to shoulder a slump in growth earnings in the march quarter. all six operators are two report in the coming weeks. there is subsequent restrictions on travel and entertainment. a tentative recovery in a

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyamerica. ♪ step by step, we're going to figure this out. we're gonna find a way through this. we're working really, really hard in hospitals, our nurses, our techs, all the docs. it's about staggering when people get sick so that the hospitals can cope. we're gonna go through an awful lot of these. all across puget sound, people have been stepping up and donating personal protective equipment. we stay at work. for you. you stay at home for us. just know we're all with you. thank you, thank you so much. thank you doctors & nurses. >>> so some states reached the apex of covid-19, others are in the midst of a surge. this is

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyo america. ♪ . >>> i want nba basketball back as much as anybody. the latest thing is like a disney fantasy movie. tell me, this sounds farfetched. a return to nba basketball by way of disney world. just consider all the details they would need to work this out in the bubble city idea. all the playoff teams in one arena. everyone quarantined. they would have multiple courts. hotels and broadcast ready. disney owns espn and abc. but there's so many details to be figured out. if you have hope, i guess maybe. maybe it could happen. in baseball it was going to be this summer's version of baseball woodstock. 75,000 people trekking to upstate new york for cooperstown. the hall of fame induction ceremony. it not going to happen. all the people going up there from new york wanted to see derek jeter and inducted. it was scheduled for july 26. now it is july 25 in 2021. >>> everything is fluid. everyone coming up with new ideas to stay busy. that's why you need to check this out. wearing a mask

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyerica. ♪ >>> in the north bay, a show gratitude from a group of parishioners. members of saint patrick church in larkspur surprised clergy members. cristina rendon own tells us they wanted to thank them for their service during this pandemic. >>> bells ring at noon as parishioners waited to surprise members of the clergy. >> he's going to be extremely surprised and will just lovett. >> most excitement i've had in 6 weeks. >> more than 100 cars caused a bit of a traffic jam. >> when we started putting this together we thought 5 or 10 cars and we had parishioners quite elderly from maybe the early mass groups to the children of the school. >> the appreciation is for one senior, both waving from a drive-by procession of parishioners. >> totally a leader. i haven't had a surprise like this since i was 10 for a birthday party. >> it's part of a nation ride campaign thinking priests for serving communities from virtual masses to maintaining empty parishes and after offering sacraments to the

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyamerica. ♪ >>> we had 70s, 80s, and 90s. but today the fog really made a big come back and a sharp drop off in numbers especially right around the bay. we are going to settle into this pattern with temperatures not moving around too much. take a look at the forecast for thursday. it will be cool to mild day. areas of fog in the morning into the afternoon our with temperatures ranging from the lowest 50s all the way to the lower 80s. as far as the plan in san jose there's the time line. partly sunny into the afternoon hours. this has been moving to the east and as it does you see the area of low pressure in the pacific leading to the cooling trend that started today. not only the fog but a big batch of high clouds, in fact a higher resolution satellite through clouds in the pacific. right now we have a steady dose of fog in your portions of the bay. here's basically the onshore flow returning through the day meaning it's making its way into the bayside locations in the inland spots as w

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyamerica. ♪ . >>> new data shows more than 2 million confirmed case of covid-19 around the world. 136,000 people have died and 512,000 have recovered from if crisis. it's been a learning experience for those on the frontline. >> reporter: the doctors have developed accelerated care units that are extensions of the white tents. right now they are seeing location numbers and they have worked on search plans. >> that's as of wednesday there were 52 parents in the hospital. nearly all of the cases have been adults. >> what we found the volumes have stayed low. i think that's in part due to social distancing. >> there are enough tests for now, but masks, gloves and other equipment are still a concern. >> we need our policymakers to prioritize that. that makes a difference in our ability to serve the community. >> doctors nationwide are using all tools available to share knowledge. >> we are using e-mail, conference calls, anyway to get the word out about a finding, a new development. >> and

exxon, chevron, occidental, devin energy and others. they're not going to destroy each other remember there's an opec virtual meeting theoretically planned for monday trump's been talking with the saudis, so likely he's looking to round up the u.s. troops and say what's your status so he can go back to the saudis and maybe the russians and say u.s. producers agree maybe to cut back again, i'm speculating and we'll see. the other thing, guys, which is a little weird, is this idea of suspending the jones act, which requires all shipping in america to be done by american owned, american crude and american ships. you say what the heck does that have to do with oil? here's why you care. there's only about 100 jones act ships out there in the united states they're about three times more expensive to charter than foreign owned ships. so if you suspend that, it would allow american companies to use foreign flagged ships to say send u.s. oil from houston to new jersey right now, it's hard to do that or impossible so you end up buying foreign oil

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energys is kind of a first... for all of us. ♪ ♪ but maybe this is a time to put other things... first. ♪ ♪ like being the first to check in. ♪ ♪ or the first to try you hand at the culinary arts. or all the arts. be the first to volunteer. or the first to say it's all going to be okay. and when the day comes, when we're no longer looking at our worlds from the inside out. it will be what we did in here that will make us stronger out there. that could mean an increase byin energy bills.. you can save by setting your heat to 68 or lower... unplugging and turning off devices when not in use... or just letting the sun light your home. stay well and keep it golden. >>> the show must go on. so "american idol" is keeping the music alive and hosting auditions and judging performances from home. two of tonight's performers live right here in the bay area. ♪ we can dance ♪ until we die ♪ you and i ♪ will be young forever. >> daly city fran katie perry's song, and she offered critiques dressed as a gi

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyo america. ♪ >>> there a little gnomes that can be seen painted at the bottom of trees and utility poles in oakland. they are making a comeback with a coronavirus inspired team. a resident says he saw at least four while walking the trail through his neighborhood. he says they really brightened his day. the original gnome artist reportedly moved to oklahoma so the question now is, who is the new artist?>> the coronavirus has forced most everyone to change the routines, that includes celebrations. but what do you do when it's your child's birthday? rob roth shows us the surprise one bay area family came up with today.>> reporter: the kids birthday party in the middle of a pandemic. joey turned 13 on thursday, social distancing is especially critical for him right now because he has a kidney disease and his immune system is compromised. but his family figured they would not let that stop them from throwing him a birthday bash. they allowed his buddies to drive by the house with their par

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyerica. ♪ across america, business owners are figuring things out. finding new ways to serve customers... connect employees... and work with partners. comcast business is right there with you. with a network that helps give you speed, reliability and security. and enough bandwidth to handle all your connected devices. voice solutions like remote call forwarding and readable voicemail. and safe, convenient installation. when every connection counts, you can count on us. get the connectivity your business needs. call today. comcast business. ♪ >>> welcome back to our viewers here in the u.s. and around the world. i'm natalie allen. you're watching "cnn newsroom." as the coronavirus death toll in the united states nears 52,000, many places are looking to hang the open for business signs. some states already have. despite health experts warning opening too soon could bring on the dreaded second wave of infections. so the overarching question is, is it really safe to reopen? cnn's brian todd

if a chevron of this world, which is the best company out there, in my opinion with a great balance sheet and diversified assets, if they can only be free cash flow positive at $45 oil, what does it mean if we're at 15 to 20 to 25 for some of the other companies chevron will just cut capex. that's fine. they will be a survivor. that's something i'm keeping a close eye on a lot of the industrial companies have energy exposure emerson electric reported a pretty decent number but they are expecting 20 to $30 oil for this year. my eyes are really on oil and the implications in terms of the markets as a whole, yesterday and today i don't feel good but we're just giving back a little bit more than what we gained last week. remember last week we were up 3% as despite the horrific economic data we had bad data today too. i think at this point we know may will be bad. if georgia goes well and you can get more openings out there, that's very key. you almost have to throw away economic data. you have to throw away earnings for the time being and focus on tests, focus on cure, focus on the virus numb

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyamerica. ♪ >>> there are tons of these senior dining centers that have been closed, and now switch over to home delivery. they are saying they are now short of volunteers and funding. >> it looks like enough food to feed an army, but they say it is not enough. last month they were delivering 400 meals a day to seniors before san francisco's stay at home order. now demand is 10 times higher. >> we are actually delivering 4000 meals today. tomorrow we are probably delivering 5000. >> there president says they rush to recruit nearly 300 volunteers to pack and drive the meals to homes every day, but they need more help. >> we still have between 517 hundredour waiting list. >> volunteers use their n ring doorbells, and keep their distance. >> i make sure they get the food because i want to make sure they are okay. they are home alone. you can see the appreciation. that is our coming in itself. >> san francisco department of disability and agent services says they're trying to address the ne

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyo america. ♪ >> a sense of normalcy returning now to santa cruz county. officials reopened county parks and beaches to the public early this morning. jesse gary live now in san jose with the reasons for easing some of the restrictions they are.>> reporter: good afternoon, the county health officer's essay sheltering in place has fund feel comfortable allowing people res that bring people to the west coast in the first place. >> this will be a slow, long process, and restrictions will need to be lifted very carefully and slowly, a bit at a time. >> early thursday morning, santa cruz officials tested a potential reality, one that has thousands of residents cooped up at home. county beaches and parks are once again open. they wanted a shutdown over the easter and passover holidays to prevent crowds from gathering, they reduced the spread of the covid-19 virus, resulting in the reopening of some recreational spots. >> i hope our public will take advantage of those in enjoy their outdoois v

although this is a chevron gas station it's a family-owned and operated franchise where the owners take great pride in being part of this community. their goal is to provide a true neighborhood serving market in response to the needs of their customers. the expanded food mart will include the sale of general grocery items, fresh coffee, made-made food and personal items, as well as beer and wine. so that the local residents can conveniently pick up most of the items they need while stopping for gas. 37 neighbors and customers have signed a petition or written letters in support of the project and stating that this type of market would be beneficial to the neighborhood. aside from providing a one-stop-shop for customers, the addition of beer and wine sales will provide a much-needed increase in revenue which is crucial for the long-term viability of the gas station. in turn, this will help to preserve jobs for current employees and to provide new employment opportunities in the neighborhood. given the current economic crisis, it's imperative that the city support neighborhood serving and

although this is a chevron gas station it's a family-owned and operated franchise where the owners take great pride in being part of this community. their goal is to provide a true neighborhood serving market in response to the needs of their customers. the expanded food mart will include the sale of general grocery items, fresh coffee, made-made food and personal items, as well as beer and wine. so that the local residents can conveniently pick up most of the items they need while stopping for gas. 37 neighbors and customers have signed a petition or written letters in support of the project and stating that this type of market would be beneficial to the neighborhood. aside from providing a one-stop-shop for customers, the addition of beer and wine sales will provide a much-needed increase in revenue which is crucial for the long-term viability of the gas station. in turn, this will help to preserve jobs for current employees and to provide new employment opportunities in the neighborhood. given the current economic crisis, it's imperative that the city support neighborhood serving and

although this is a chevron gas station it's a family-owned and operated franchise where the owners take great pride in being part of this community. their goal is to provide a true neighborhood serving market in response to the needs of their customers. the expanded food mart will include the sale of general grocery items, fresh coffee, made-made food and personal items, as well as beer and wine. so that the local residents can conveniently pick up most of the items they need while stopping for gas. 37 neighbors and customers have signed a petition or written letters in support of the project and stating that this type of market would be beneficial to the neighborhood. aside from providing a one-stop-shop for customers, the addition of beer and wine sales will provide a much-needed increase in revenue which is crucial for the long-term viability of the gas station. in turn, this will help to preserve jobs for current employees and to provide new employment opportunities in the neighborhood. given the current economic crisis, it's imperative that the city support neighborhood serving and

by the way, chevron not at negative $30 let's just be honest this is why etfs are going to suffer a bit you buy an etf, there's a lot of companies in there a stock picker's market. you're going to find companies that sush vif this number two, many of these companies, they are the ones that are hedged. yeah, they are going to get hit by the falling price of oil but many of these companies have hedge books for this year, maybe not next year, they are going to keep largely private what's their hedge book. that's really proprietary stuff. they have hedges maybe they are going to get paid on midstream companies, pipeline companies. they have got contracts, oil pipes are full and many of them also own tanker storage so they are probably full so they are getting paid as well there are opportunities to your point that are in this market. by the way, bring up some of these tanker stocks, dssi, stng, tk, nat. there's a couple of them these are the companies that own ships and they are getting paid because if you're an oil producer or oil trader, you're thinking, my gosh, you know, i'm going to st

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyerica. ♪ eveso we can stillg a answer your calls. now. and we are monitoring our system 24/7 to ensure that we have a fast reliable network, keep the customers connected, and making sure people are staying safe. and we're still on the road. solving critical issues as they arise. ♪ go to xfinity.com/prepare. thank you. >>> new at 10, restaurant owners are pushing aside their own hardships to bring mules to hospitals and fire stations. the owner of primo's pizza in danville started a go fund me account about a week and a half ago and all of that money goes to feeding first responders in healthcare workers. today a late lunch was delivered to firefighters in oakland. it also helps area restaurants and restaurant workers were struggling to get by. >> it helps the restaurants stay in business. they are doing the best they can. all they can do is take out and delivery. and it helps the people that i really needing it. they are doing the work. >> as a way to pay for the oakland fire departmen

in fact today where we have that dow, s&p and nasdaq all down, exxon mobil and chevron will go down but not as much is the major industries. the small public it will be very tough but a little lower than that and look at the independent gas and oil companies, there is a prediction that maybe 90 percent of those will go bankrupt. >> like today the u.s. senate passed it nearly $500 billion relief bill with more than 300 billion going to help small businesses, how much of a difference do you think this will make, and do you think we will need even more relief bills like this one? >> it's hard to tell, but it was good to see that 310 million of the 500 billion passed by the senate will pass in the house on thursday, was for the payroll protection program. that seems to be a very well thought out program that will help a lot of people. is it going to be enough? we just don't know because we don't know when this will reopen. the economy is suffering from a virus -induced recession, no doubt about it. it was great going in but it's being crippled now and it's just a matter of when can we get g

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energy ♪ the theater home to you,t to with xfinity movie premiere. there's a world full of other trolls. how different can they be? our brand-new service that lets you watch all the latest movie releases from the comfort of home. trolls world tour available now. i will protect you no matter what, pinky promise. just say xfinity movie premiere into your voice remote to bring the theater to you. >>> and welcome back to our viewers here in the united states and all around the world. i'm michael homes. you're watching cnn "newsroom." now, the u.s. congress at an impasse for the funding of a small business loan program that is now out of money. we are learning about a new effort, now, to get more funds and get more money to hospitals. a deal could be reached soon. cnn's phil mattingly says many small companies are just trying to stay afloat in the interim. >> millions of small businesses are hanging by a thread as the coronavirus continues to devastate the u.s. economy. >> our industry's hurting

it's why last year chevron invested over $10 billion to bring affordable, reliable, ever cleaner energyo america. ♪ >>> san francisco police officer has been arrested, accused of rape and domestic violence. he was arrested last friday and has since posted bail. he is a 23 year veteran officer and he is now on unpaid leave. >> in brentwood a man caught on home security camera with a machete was detained but not taken to jail because of concerns over the coronavirus. crime reporter henry lee spoke with the scared homeowner who was in bed when the suspect appeared at his doorstep. >> this is video showing a stranger running up to a home in brentwood at 2 in the morning.>> the doorbell went off. >> the man was in bed on saturday as was his wife and daughter. >> i made a phone call to the police immediately and it was a good 15 minutes that he was outside.>> officers arrived but the man was gone. apse realized that a surveillance camera was stolen and his tire was slashed. the man came back at 4 am carrying a machete. >> at that time i was really in panic mode, so scared.>> what the man was

in other words, the chevrons, the exxons, the bps.ame in which it's going to take for those names to really start to go from here, they have made a nice recovery i don't know, scott. i think it is a long, tough run to the upside and i would look in other places right now. >> shannon, to you from steve, if you like a number of companies in a particular space but have limited funds, does it make more sense to split it among the individual stocks or buy the etfen stead? >> it's not just about limited funds but maybe limited information. if you like a thematic play, an etf is a great way to express that remember they're always in the context of a broader, more diversified portfolio so an etf is a great idea. >> round two, to josh brown from aj in maryland, not far from my hometown, halliburton, is it a buy? >> i'm the wrong person to ask because i'm down 60% or something in slumberge i don't know what i'm doing. don't listen to me. >> i can't decide between amt or cci or sbac. i need your help help >> i own cci they trade somewhat alike.

a chevron, for example look at energy deal. lee kuperman was talking about $50 oil yesterday. merck may be interesting to talk about. i think pete probably still owns that with pfizer what about this, josh brown? >> health care is the second best performing sector this year i would look like health care to be the second largest component of the s&p so names like merck make sense to me i want to backtrack to jpmorgan really quickly this was 1.9 times book going boo the end of the fourth quarter 2019 it is now 1.2 times book in addition to the share price being way down, the valuation is also way down. so a 3.6% yield, 8 times earnings, i think you can buy jpmorgan under 100 all day i'll probably own some more before this crisis is through so that would be my lion. >> pete, there's one - >> rar. >> one stock to ask you about. we haven't seen you so long and a stock you mentioned in the past and just wondering what you think about what happened in luckin coffee. >> yeah. unbelievable story, right? let's go back to january, scott, when we first started hearing something about this

our search to transform... ...farm waste into renewable natural gas led chevron to partner with californiaioenergy. working to provide an alternative source of power... ...for a cleaner way forward. >>> this week on cbs's "face the nation," san francisco mayor london breed will be on to chat about the pandemic. you can watch this sunday at 8:30 a.m. right here on kpix 5. >>> and then sunday night on 60 minutes, governor gavin newsom will talk about how the state is working fiverrishly to face this virus. >> all right. you needing some to do this weekend? yeah, you do. every friday on our morning show, liam offers us liam's list. >> this time get ready for a bay area themed singalong. ♪ san francisco >> veteran crooner tony bennett is inviting bay area residents to come together for one big singalong to that famous song i left my heart in san francisco noon this saturday in honor of the front line responders working against the pandemic. so join us with the chorus around the bay, and just for gun, i once carried that tune, or tried to, with mr. bennett. ♪ we left our hearts in san francisco

our search to transform... ...farm waste into renewable natural gas led chevron to partner with californiaergy. working to provide an alternative source of power... ...for a cleaner way forward. and healthcare troops weand first responders are. on the front line fighting it every day. let's join the fight, by staying home. staying home is not a retreat, it's the most brave and aggressive weapon we have against this enemy. because when we do stay at home, we help prevent overwhelming our hospitals, while buying time for scientists to find the vaccine... and that's how we beat it.... >>> welcome back. 4:53 on this tuesday morning. i went outside and re-introduced myself to my car yesterday, and i was, like, man, that thing is dirty, so i am thinking, should i watch it? i am, like, yes, gorgeous weather today. something you can do in your driveway without bumping into other people, so do it today because this weekend it will rain once again. >>> san francisco mayor london breed says the city is ready to offer people food who are in quarantine or isolation. >> not everybody has the means in or

chevron and maybe bp, if that's it then i would suggest that would make a lot of americans really nervouss the only thing. >> tucker: i agree with you. the industry is on the verge of a collapse and yet we are being flooded with foreign oil, our refineries are being flooded with foreign oil. why are we allowing that? >> you bring up an incredibly important issue and here's what i would do, and i would certainly get this advice to the president. i would for the next 60-90 days, not from now on but for the next 60 to 90 days, i was a refiner's, we will refine u.s. crude, u.s. crude only and that would give a buffer to the market and sent a clear message that we are just not going to let foreign oil flow in here and bless our energy industry. and here's the more important thing. tucker, not only for your viewers, this is about our national security. this is about america's ability to defend ourselves. if our independent operators who have led the shell revolution and who have made america number one gas producing country in the world, if we lost that, we would go back to 197475. i was a pilo