chevron has underperformed. i prefer chevron.is a case where, also, their free cash flow was extraordinary. if you combine that with upstream growth where they've been lagging and let's not forget as a battle for the asset that is the most exciting oil asset production in the world. this is a case where chevron who purchased hess for that asset, and there's been a question about what's going on, i think ultimately they get that asset and share it with exxon. i think the story for integrateds right now is free cash flow and these businesses are run so they are more efficient. it's not growth at all cost. i think they are both all-weather stocks. at this point i do like chevron over exxon, but i wouldn't be jumping out of exxon based on today. >> we've got to worry about china. we've got opec meeting in a month. we'll see if they do. they're supposed to raise production. china has been a disaster. you could make a real case for $50 oil, and if you made that case, you wonder what that would mean for these companies and more. >> if o

i'm here to respectfully ask you to vote no with the agreement with chevron. passage of ordinance requires our city to do two things relevant to the settlement decision. one is to end san francisco's involvement in the oil extraction, settlement would be counter to this mandate. second, and most importantly the ordinance required a clear public process including the production of adjust production plan. we understand covid delayed this process, that does not nullify the requirement for san francisco to xloet this process. we request that you deny the settlement so we can under go transition plan. we are here to commit to be your full partners can offer our experience and capacity as organizations and union to see present alternatives for organization including proposals design and finding a workforce development program. so this would create hybrid jobs and ensure justice and seek exacerbation in the process. we ask you to vote today to give you time and the public process that we are due, thank you. >> thank you for your comments. next speaker, please. >> hi

loper bright which chevron overturned. how critical do you think these are and properly timed do you think these cases were for what is coming next? j.w.: this is the unique horseshoe theory. there is some of that in administrative law. the earliest and strongest supporter of chevron deference on the supreme court was justice scalia. we don't like to talk about it much but it is true. enhancing the definition of what constitutes banking services so banks can provide. you want to do it armored car service, that is a business of banking. it is like exemptive relief. giving some deference to agency's doing stuff like that, epa under the reagan administration. but it took over a life of its own and the supreme court just watches a graph. neil gorsuch had this in his book. the graphs and growth of the code of federal regulations and it is one of this exponential charts. it is like viral expedition log -- logarithmic growth. at one point they say enough. and then loper bright comes along. some of my friends that lean progressive

so this is a chevron. well, that was plugged in 2010 chevron we've. we've escalated it right at about a month ago. so what you see, here's the remnants of, of the, well that supposed to be plug is you can see there's crude oil leaking outside of it. it's a critical lab crude. it's got, it's got gas, it, it, we tend to do the oil. it's also going to produce water in it 2 years ago we started digging it well. in the 1st 7 we dug up, we're leaking, they were like this, all of them. the 1st 7 that we did. wow. so soon we dug up on this ranch. a 100 and i would say 95 of them are leaking and the other 5. i'm not for certain that they're not. there $8375.00. unplug wells on the official texas list, and an estimated 783000 inactive wells in the state. that doesn't include improperly plugged wells like this one. properly closing them is going to be expensive. so you're looking at several and having to pay a half a $1000000.00 to a $1000000.00 for every well like this for every well sure. there are state and federal cleanup programs, but they don't have nearly

the final question i would like is about post chevron commissioners. we would be lax as commentators on the sec if he did not address the elephant in the room. the dramatic changes to america to ministry of law, west virginia versus epa being one case. healthy what the name of the servant overturned case. look for right. -- how critical do you think these are and properly timed do you think these cases were for what is coming next? j.w.: this is the unique horseshoe theory. the earliest and strongest supporter of chevron deference on this report was justice scalia. if 70 mentions him -- -- if somebody mentions him -- shhh. enhancing the definition of what constitutes banking services so banks can provide. you want to do it armored car service, that is a business of banking. it is like exemptive relief. giving some deference to agencies. the supreme court just watches a graph. neil gorsuch had this in his book. it is one of this exponential charts. it is like viral expedition log of mythic -- logarithmic growth. at one point they say enough. some of my

i believe congress needs to look at three big areas in this post chevron deference universe. first, we need to strengthen the role of congress and consider changes to the administrative procedures act and the congressional review act to require more collaboration between congress and even the administration about making sure that they're clear we have the authority to approve or disapprove regulations. in fact, mr. speaker, i think it would be good if the incoming trump administration would issue anything the federal agency puts forward, they say they are in compliance with the intent of congress. they are following the statute and the statutory intent of congress in designing that rule making. i believe agencies should do regular reviews of all their regulations to ensure they're not outdated, they're unnecessary, and that they're ensured they're tailored to limit their impact, cost, liability risk, and other burdens. i would encourage the trump administration to work with congress to have the right kind of cost-benefit analysis on evaluating the true cost, most marginal and

chevron says a diesel-type hydrocarbon liquid leaked into the water. the coast guard and california department of fish and wildlife assisted with the response. our chopper was overhead as they deployed an absorbent yellow tubing around that leak. chevron says there's no known impacts to wildlife or the shoreline. >>> taking a live look outside now, the swings in our weather continue. today plenty of sunshine with a little rain mixed in. this was video from san rafael this morning. first alert chief meteorologist has a look at our next chance of wet weather, good to see the rain this morning. >> yeah. a little off-and-on shower activity throughout the day. when you got a shower, temperatures would drop and warm back up once the sun came back out. in eastern contra costa and northeastern alameda counties, heavier downpour south of downtown livermore making its way further east, more showers heading up in elevation from the tri valley to the diablo range. there's more shower activity offshore. this is the current sweep of everything happening now. gives y

profitable some of the biggest names in the oil industry are show british petroleum, exxon mobil, chevron, and total energy. and they're all part of the lobby groups to major fossil fuel lobby groups. are the american petroleum institute, or in the us and fuels you are up in the you. companies like show b, b and x on mobile are part of both industries. agency, dpi is 600 vendors. you can look at basic the strategy of, of the 600 companies, by the way, just looking at what industry association that's tom whole and he works for, i think dying influence maps. the company analyzes how business and finance impact the climate crisis or the industry associations all are heavily engaged because you've actually that profiles. so they really getting involved in a variety of different strategies. climate policies of greenhouse gas reduction targets, or like the transitions of renewable energy target. according to influence map companies like show and chevron pay up to $12000000.00 a year to hold membership at the a b i membership it fuels. europe is significantly cheaper, but still more than $200000

according to influenced map, companies like show and chevron pay up to $12000000.00 a year or 2 holds membership at the a b i membership it fuels. europe is significantly cheaper, but still more than $2000000.00 annually. so what's the bang for the buck here? lobby groups of air, time and important places in front of decision makers. for example, the new parliament or a governor in the us. then they come up with plans on how to convince both additions and influential people to back fossil fuels. this can impact legislation and what are the laws that they believe are detrimental to the industry? so they have relationships with additions and the drafting on to purchase those, sending them and say, hey, you know, distracted this, i think this could help with your assets. i'm your us, of us, of the fossil fuel nonproliferation treaty is talking about slots. if you lobbies in the us attempting to lobby against climate activists to what they're doing and trying to prevent protests to that, you don't have public engagement either. here's another example of lobbying in the us. this concerns t

chevron would sell $6 billion in assets in canada the shares right now are up ahead of earnings.eak demand for gas and diesel fuel this morning, shares up over 1% in the pre-market. >>> coming up here on "worldwide exchange," industry titans across europe weigh in on the u.s. presidential election and what a trump white house return means for their businesses at large. stay with us we'll have that story and much more there are some feelings you can get with any sportsbook. ohhh! the highs! no, no, no. the no, no, noooos - oooooooo! the oh, oh, ohhhhs! now whatcha wanna do with this? but the feeling that, no matter what, you're taken care of. ohhh, i just earned a hotel suite! hee! you only get that here. at the sportsbook born in vegas, where they know how to treat you right. who you talking to jamie foxx? bonus bets. exclusive offers. real world rewards. betmgm. download and bet today. >>> welcome back to "worldwide exchange." time for the morning call sheet. the selloff yesterday was punitive with investors focusing too much on near term dynamics they say this offer is an attra

chevron said there are no known impacts to wildlife or to the shoreline, but it's not clear how long the cleanup is going to take. a warning from santa clara county invasive mosquitoes have been found yet again, and the county needs help from everyone. the invasive mosquitoes is the 80s aegypti mosquito vector control. first identified these mosquitoes earlier this year. this is now the sixth time that workers have found them. and they discovered a swarm in san jose near cortez avenue and orlando drive. the county says the mosquitoes bite during the day and can transmit dangerous diseases like zika and yellow fever. county leaders say they need help to prevent the mosquitoes from settling here permanently. and now that they've had, we've had rain recently. a friendly reminder that mosquitoes do breed in water. you can keep them away by draining or dumping any water around your home. if you have a pool, keep it clean. make sure the water levels is high enough for proper circulation and filtration, and fix any leaky faucets and broken sprinklers. you just don't want water to pool anywh

it just so happens we actually have the ceo of chevron here chevron shares are rising after third quarterts beat street estimates the return to capital is amazing, and we have mike wirth, the ceo. mike, congratulations on a very clean quarter where you're actually once again leading the industry i've been waiting -- this is what you have been doing, but no one's been talking about it. why don't you just give us the stuff of what a good quarter is made of in your industry >> well, jim and carl, good to be with you this morning the third quarter was good it was a nice earnings beat. we had strong operational and financial results. we started up some key projects in the gulf of mexico, and we returned record cash to shareholders if i click down on that a little bit, production was our highest third quarter ever in the history of the company same is true for production in the u.s., production in the permian. project start-ups, you were out at anchor and saw the technology that's being applied there we had water flood start-ups at two other fields in the deep water gulf of mexico, which we int

you had the west virginia versus epa decision and the chevron decision.hat are they doing, what is this all about? this is what it was all about, because these agencies have so much power to put regulations on you, to charge you more to do things, basically to make their own laws -- but now they are on the chopping block. >> judge jeanine: the supreme court cases you refer to are cases that literally - take the power away from people in middle management in government who think they are going to control business in this country. they are going to impose all of these regulations. they are going to decide whether or not you are going to drill, start a business, what regulations you've got to follow. but that's no surprise because you've got two self-made billionaires here. musk and ramaswamy, they are not into people who need a mental health day or need to work by remote access, or need all of these sick days. these are two ceos coming together, and we should have done this a long time ago. treat this country the same way we run a corporation. if you are no

so this is a chevron. well, that was plugged in 2010. that chevron we've. we've escalated it right at about a month ago. so what you see, here's the remnants of, of the, well, it's supposed to be plug is you can see there's crude oil leak and outside of it is a critical lab. crude. it's got, it's got gas it, we tend to do the oil. it's also going to produce water in it 2 years ago we started digging it well. in the 1st 7 we dug up, we're looking, they were like this. all of them. the 1st 7 that we did while assessing, we dug up on this ranch a 100 and i would say 95 of them are leaking and the other 5, i'm not for certain that they're not there. 8375. unplugged wells on the official texas list and an estimated 783000 inactive wells in the state. that doesn't include in properly plugged wells like this one. properly closing them is going to be expensive. so you're looking at several and having to pay half a $1000000.00 to a $1000000.00 for every well like this for every well sure. there are state and federal cleanup programs, but they don't have nearly enoug

a piece today by citi upgrading chevron. chevron up 7, compared to exxon up 20.oks discounted upgrade to buy. i'm going to say that this is right. now oxy is down 15. connieco down 8. chevron usually keeps pace with exxon and i think this is a very good call. >> they have been unable to close their acquisition. >> i know. >> because of the litigation or arbitration between the two. it's still quite a ways away in terms of that right of first refusal over guyana, that exxon maintains it has. it comes down to really what are a handful of words, simple language apparently. i haven't seen it. we'll see what happens. >> do you buy the idea that it could now be discounted? this has been something that i -- >> it has. >> it may well be. i would come back and say all right, it has badly trailed exxon not just this year but for the last few years -- >> no. and they have a huge buyback. >> why? >> i would say because it's wrong -- >> it's wrong. the market has been wrong. >> chevron has done a lot. bought perm me yan. fantastic in the golf ulf of me. russian properties tha

they've got a great balance sheet at chevron.ight, while the diversifier for your portfolio does well, i think it makes sense. >> let's move on to apple. bank of america out with a new note today reiterating its buy rating on that stock, despite the potential on the potential of tariffs for china under a possible trump administration. your trade on apple and outlook on technology more broadly, michael? >> you know, again, i was listening to mike santelli, i was listening to jason trenner. the idea that these huge mega cap companies are going to ride the wave, i don't think we've begun to really understand the full productivity from ai. i think that apple was the one i was asked to talk about today, one that i own. i would add to it. but this is not really a trade. this is a long-term kind of a core portfolio for me. i own it, we own it. up 16% year to date, okay, trailed the index of the s&p right now. 11% grower. again, $3.3 trillion. i think those tech continue to do well, but i think everybody is off if we get a red or blue wa

chevron and exxon -- turned lower but chevron holding onto its gain of 3%. citi likes the espb. plus investors turning around on earlier trading action. sonali: thank you so much, abigail. bloomberg spoke earlier with the blackrock senior portfolio manager, jeff rosenberg. he took a measured reaction to the jobs report. >> the number is overstated in terms of weakness and hurricanes. it makes it easier for them to deliver on the 25 cut which they certainly want to do. that is an important point to highlight. sonali: to talk about what this means for fed action moving forward we are joined by bloomberg's michael mckee, always with a measured approach. how do you think through the near term moves and the long term moves? michael: longer term moves are up in the air. this report was distorted by hurricanes and the boeing strike. manufacturing payrolls were off by 46,000. we saw there were 44,000 people on strike at both boeing and textron. the unemployment rate, unchanged. for .1%. hourly earnings a little bit off because of the people who lost their jobs. the jobs they lost were m

. >> you saw the division with exxon and chevron. i would take the exxon. >> i'll take the opposite, chevron. >> you look sharp today. i can't really figure it out. any, citibank, i think banks are going >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. mad money starts now. >>> hey, i'm cramer. welcome to mad money. welcome to "cramerica." my friends, i'm just trying to make a little money. my job is not just to educate, but to entertain. call me, 1-800-743-cnbc , tweet me, @jimcramer. companies like hasselbeck, amazon, apple, meta , and microsoft. as the dow and nasdaq jump. how good was amazon? how week was apple? the tet titan action was about who could tell the best story which surprisingly was alphabet. who had the biggest low up which was amazon which had a poor number last time. it is a travesty having all these companies report during the same week. nobody could possibly study all of those positions at

we do fully expect exxon chevron to cut capital oil producers across the board has been cutting capital expenditures by about anywhere between 30 and 40 percent. in some cases, 50 percent down will lead to lower production exxon. chevron bp will survive because they are so big. but some of the smaller companies might have problems as costs are rising and revenue was falling. while the smaller companies were struggling. the country as a whole mileage to surpass of russia and saudi arabia to become the world's largest crude oil producer for the 1st time in decades. a job well done, according to trump. so great that oil prices are falling. thank you president t add that which is like a big tax cut to our other good economic news. inflation down, are you listening fed you just can't win with the fake news media. a big story today is that because i have push so hard and gotten gasoline prices, so low more people are driving and i have cause traffic jams throughout our great nation. sorry everyone. so how is it going to do with this time without it having boomerang effects? because if drillin

maria: chevron is crossing right now you the company reported a be on revenue and on earnings, chevronhis morning is trading up in the company reported earnings of 251 a share. the estimate was 242 a share and revenue coming in at $15.6 billion versus an estimate of 48.9 billion, the stock up 3%. were waiting on exxon mobil and both stocks are up, chevron 2.8% exxon 1.1% and even as oil prices have come way down from the highs of the. >> ever core energy is one of the sectors that has been totally ignored into behemoths in the group in the strength of the company's is evidence in the strength of the global economy here or the strengthening of the global economy and particularly here in the united states and let's look at what's not been purchased and the bargains out there in the market and bid them up and brought up the market as we said there is a lot of continuation on that to be done here. that is very, very good news. that's the cheapest sector of the entire group. >> were waiting on october jobs report, week full of economic data. economists are expecting drove under growth in jo

chevron says it followed protocol to stop the leak. cleanup is underway and do stay with us as we continue to follow the story. 715 here. for weeks now, we have been following a battle between the san mateo county sheriff, christina corpus. her staff and other county leaders, and ktvu. >> andre senior is in the studio now to tell us about the county's latest attempt to force out the sheriff and how she's responding to it. >> new developments happening last night in this case, gasia and dave. the san mateo county board of supervisors unanimously approved a vote of no confidence in sheriff christina corpus. the board wants the sheriff to resign because of allegations that she abused her power. the vote came after an investigation found evidence that the sheriff used her position to intimidate and retaliate against her staff. the investigation also alleges she used racial and homophobic slurs and had a romantic relationship with her chief of staff. on top of the no confidence vote, the county board also relinquished the chief of staff rol

this man works with amazon, chevron and volkswagen and tells me how business can do its bit to keep billsown and drive the change we need. plus the changing world of work. we hearfrom we need. plus the changing world of work. we hear from the founder of one company trying to help firms hire by making global recruitment quicker and easier. welcome to the programme. climate change is threatening the basis of our economic survival. that is the stark warning from the head of the european central bank, christine lagarde and it underlines the huge significance of the cop29 global climate talks. they have been under way in azerbaijan this week. they have been dubbed the finance cop bisque —— because so much as to do with the cost of climate change. it aims to limit global climate change. it is likely to be breach this year for the first time. it was part of a deal agreed in paris in 2015. it also said that rich countries that benefited from industrialisation but also warm the planet will help less well off countries meet the costs of adapting to climate change and switching to renewable energy.

. >> and investigation now underway following a spill from chevron's richmond refinery. the refinery says a diesel type substance spilled into the richmond were for this morning, california spill prevention response sharing this photo of the area, the coast guard and environmental crews are working right now to clean up the mess. officials say there are no observed impacts to wildlife. in a statement to kron 4, a spokesperson with the chevron richmond refinery says the liquid was not captured by our secondary containment systems and released into the water. chevron immediately initiated its response protocol, stopping the release and notified all the agencies involved, containment and cleanup of the material is underway. a southwest airlines flight out of oakland made an emergency landing sacramento. the flight with set to land in reno just before 8 last night. but it was diverted over a flap issue. a spokesperson with the airline sharing with kron 4 that the crew reported and the lumen aided flap warning right after takeoff and the crew that followed safety procedures a

because chevron is responsible for the most idle, uncapped wells in california, making this transfer would be counterproductive to the city's climate goals and ongoing lawsuits against oil companies for their environmental impact. san francisco has an opportunity to really lead a worker centered oil well, tapping project jobs with justice san francisco has partnered with the united steelworkers union for over four years on groundbreaking programs to support oil and gas workers amidst industry shifts, including securing a $40 million for a statewide pilot project to provide safety nets for displaced oil and gas workers with at least 35,000 idle wells across california needing tapping, there is a significant opportunity to create good union jobs in the oil well capping for local community members and oilfield workers. united steelworkers represents oil and well drilling and capping workers in kern county and across california. they are interested in exploring the possibility of running an oil well capping training project on this land. in partnership with the city funding opportunities

it seems like this court, give them a case like chevron, take away the authoritarian, administrative state. it hasn't been 12 hours yet. >> we have seen in terms of jurisprudence and increase an emphasis on recalibrating the balance between free exercise and freedom from establishment of the first amendment. i think you will continue to see that and that's what has opened the door for tax credits, voucher programs and education savings accounts. the ironic thing is that for all of the invective that the new york times and the npr's of the world have directed at the court in recent years, i fully expect sometime next year when the trump administration is trying to do something in education and they are challenged by democratic states attorney general as having gone beyond the permissible bounds of the higher at act or existing statutes and get dragged into court under which a court has said there is only so much freedom for a given administration to rewrite or redirect a statute. i certainly hope all the folks who have complained about the way the court has gotten different outcomes i

writing about what should happen in the next administration and that is the loss of what is called chevron deference, which could affect the way in which agencies can make pronouncements and may affect the mood in the community of people who might be recruited to work in those agencies. and what is called schedule f, which would change the protections of civil servants had from being summarily fired. what is the mood at the moment about, with respect to these potential changes and the way we practice? federal administration? dr. cohen: the folks who work at the cdc are career experts, scientists. they have been through transitions before. we are focused on our mission and what i said to them wednesday after election day is, an election has happened but our mission has not changed. there is a difference between campaigning and governing, and our teams have been through that before. let's not anticipate a problem. we don't know what's coming in the future and focus on our mission. the best way to defend the work is to be on offense, meaning do good work. we have made a lot of changes and i'm

the biggest gainers on the dow amazon, goldman, chevron, caterpillar, mcdonald's.ogether and they add 240 points to the dow industrials which are up 500 points. to the jobs report. only 12,000 jobs added during the month of october. edward lawrence is at the white house, outside the labor department, no leaf blowers i hope a. to the acting labor secretary, what did she say? this is a week report? >> everything is fine, nothing to see, move along. i knew this report would be bad but not this bad, last time the economy created fewer than $2000 was december 2020. this jobs report literally upside down for when you look at a free-market economy. the private sector jobs actually lost 28,000 jobs while government sector created 40,000 jobs. when you look at where the jobs are, 6400, leisure and hospitality down 4000. i act -- taxpayer money supporting most of the jobs in this report. >> we see multiple industries that not only recovered to pre-pandemic level but exceed the pre-pandemic level. when you talk about local government, these are your police officers, firefight

immunity for chevron deference for agencies, makes it easier to cut jobs look vivek has been a friendery aggressive guy i think will go in, and make the cuts where they need to be made has that business experience, and i don't know i don't know elon musk but 80% personnel at twitter, i use twitter or x now to i haven't noticed decrease in efficiency of x, or any other aspect, the employees -- i took over cke one of the first things did eliminate 20% workforce because we were bloated, when ceos like musk and vivek see a bloated workforce their inclination to cut we've got incredible federal deficits too many federal programs, too many a federal employees too much regulation, time for a dramatic cutback i think this is the team that can do it. maria: well it is morning in america andy it sure is. >> yes, it. >> is thank you so much. we will be watching your work andy thank you andy you you joining us. . without over or under investing. so you can feel confident in your financial choices voya, well planned, well invested, well protected. it's time to grow your business. create a website.