, chevron spokesperson acknowledged that chevron did much more. he admitted that chevron actually flew in the soldiers who did the killing. he further admitted those men were from the notorious navy. >> [indiscernible] we did. chevron did. we took them there. amy: by. >> helicopter. amy: who authorized the call for the military? >> chevron's management. >> here we have on may 20 8, 1998, chevron flying in the nigerian navy and the police to confront a group of villagers who thought they were in the midst of a negotiation with the oil giant, which rings is to another admission by chevron spokesperson. again, listen carefully. amy: were any of these armed? >> i don't know. i don't know. . cannot say they came armed [inaudible] >> no. chevron very clear that , just like shell uses the military to protect its oil activities. they drill and they kill. >> environment list douglas. >> they're shooting people for just a manning their rights. amy: does he behold document or he -- two cb the whole documentary, you can go to democracynow.org. democracy now!

why does he look chevron more? this year, the tok has been stuck around a powerful ceiling of resistance. 85 bucks. created by 50% retracement of chevron's rally from the lows in 2009 to the peek in 2014, to, the whole thing. but the stock broke out last week and even in today's pullback, it's above this new floor support. stock is only a few points away from a resistance from chevron's 2014 high. around $89. can chevron break out above that ceiling? he likes the money flow. then technicians use to measure the pbuying or selling pressure. it remains very positive. he also likes the fact that the stock has underperformed common anding lagged it by about 9.5%, just since the beginning of the year. in short, he thinks they're poised to catch up and if it can rally about four points, then it can be smooth sailing at the stock goes a lot higher, but it's got to get there first. and today, headed in the wrong direction. fell nearly four bucks. completely hammered. okay, now, chevron and exxon are big integrated oil compa

can chevron break out above that ceiling? he likes the money flow. then technicians use to measure the buying or selling pressure. it remains very positive. he also likes the fact that the stock has underperformed common just since the beginning of the year. in short, he thinks they're poised to catch up and if it can rally about four points, then it stock goes a lot higher, but it's got to get there first. and today, headed in the wrong direction. completely hammered. okay, now, chevron and exxon are big integrated oil companies that have some of the least sensitivity to the price of crude thanks to the refining operations. what about a pure play expiration? it's very much hostage to the underlying commodity. far too many loans to. i want you to consider pioneer natural resources. pxd. one of the largest independent exploration plays really dominates, has fabulous basin stuff. look at this chart he believes pioneer may have formed what could be a long-term triple bottom. look at that. wow that could be huge. on the side, a powerful momentum indicato

dividends whether it's chevron exxon and are they at the risk of chevron specifically and the others? >> they have a sizable dividend and to fund capital spending and a dividend of that size. so any company that has substantial reinvestment requirements and also a large dividend, it's difficult to maintain all of that without increasing debt. >> are you suggesting then -- because i'm not sure you're specifically answering my question. do you think that chevron for example and exxon or one of the two or both will cut their dividends? >> i can't speculate. all i would say is that it's difficult to do all the things that both companies would like and need to do without increasing debt. >> how much do you think we would see the level of default in the energy space rise as a result of just the on going situation? >> well, we have already seen a number of defaults at the lower end of the rating scale. we have a large number of our ratings, deeply high yield and i do think that's an indication that we're going to see a lot more defaults in the coming months. >> ben i appreciate you coming on

the other day after chevron, fidel gate, well known analyst, said of chevron, its deaf deivis at risk you see it that way? is exxon's dividend at risk and if oil goes lower and stays there now for even longer at one point would they be at risk? >> we don't think the dividends are at risk. and besides bp and chevron and other dividends are not at risk. we think they'll follow the same script that chevron followed and basically what that means is they're going to cut operating costs and cut capital costs and if it means production declining by 5% to 10%, that's what's going to happen. the dividend is important to these companies because it is the majority of their proposition. we think they survive. we think we're nearing a major consolidation phase which will allow them to transform themselves during this downturn. >> who is most likely to do a big deal? >> we think they all will do a big deal. there are great opportunities for these companies and we think winners and losers will be determined by the activity for years to come. and this is the first half year 2016 phase. >> appreciate

. >> chevron is hiring positions in the east bay and how you can apply. >> the force strong with the star of a pizza shop until he was stolen. wait until you find out who runs him. now the tech bytes. >> in tech bytes samsung is building over the any gal there smart 15 with new buzz. we are short on details but it will be released on february 21. we do not know the name. rulers this will be touch input and fast charging. >> google fiber is, expanding phone service that allows user to use a single phone number for all of their mobile devices. >> now a land lined, google fine certificate testing an the country. >> twitter is kicking off election season. users who tweet # ivoted. they will see emoji with blue or red check mark accounted to the race for 2016. race for 2016. >> trump emoji here in vineland, home of progresso, we figured out how to get rich ingredients like bacon into 22 light soups, so if you want 100 calories or less per serving without giving up rich flavor do what we do...make it progresso. you say avocado old el paso says... zesty chicken and avocado tacos in our stan

it's great to be involved with chevron and the stem zone.evron is committed to stem education and learning more about it as i go. they just like kids to at least encourage kids to take a look at it. maybe select stem as a career. but a lot of fun stuff to do over there at the stem zone, so come check it out. >> and i want to ask you, all the talk about the quarterbacks in the super bowl, cam newton and peyton manning. for someone who's been in a couple super bowl, who's won a couple, tell us how important it is for that quarterback and the leadership he has during a super bowl. >> joe is always great in the big games. i think we all know he won four super bowls, three mvp super bowl game, zero interceptions, ten touchdowns. he was just big at the big moments. and when you're in the huddle, there's 11 of us in there and you're nervous and wanting to get your job done, there's all that calm force there in the huddle that's just calming everybody down, telling you what you're going to do, this is how we're going to do it. if i'm ever in the sup

chevron falling with oil prices as exxon mobil and bp are reporting earnings. and the dollar have not held their rallies. julie: they tried, but it did not work. oilad a couple attempts for to take a leg up and then it has come right back down again. almost at the lows of the session, down nearly 5%. there does not seem to be a particular catalyst. it has been a two day selloff now. the biggest since summer of 2011. we are going into the weekly inventories report. it is not necessarily accounting for all the declines. as for the currencies, those we are watching, too. moveollar attempted to less lower come if that makes sense. the euro is gaining steam against the greenback as well. much. thank you very let's check on the bloomberg first word news this afternoon. hillary clinton's victory in the iowa democratic caucus means she will collect 23 delegates and senator bernie sanders will win 21. the party officials who can support the candidate of their choice that's mrs. clinton now has a total of 385 delegates. syrian opposition groups are threatening to pull ou

the skipper, bruce bochy, going with the chevron cannon.ike he did so many times, steve bono came off the bench to save the niners. on the final hole he rolls it in close. matt cain would tap it in as the giants prevail. the story behind the story is our own mike shumann was a heartbeat away from playing for the niners in this match. >> i understand i almost said i better call shu. i said maybe i will call steve bono. when he said yes you were out. >> shu gone. so close. abc7 sports brought to you by riverwalk casino. on a serious note, steve kerr experiencing headaches after the game. the warriors say he will accompany the team to phoenix tomorrow and then the allstar break, but it is a concern going forward given the medical problems he has had. >> the poor guy has suffered. >> abc7 news continues on-line and twitter and facebook and on all of y mobile devices with our abc7 news app. >> our next

chevrons,xons and you are there for that capital repatriation.backs will not be there, but the dividend stream will be there. dividend growth will be much more subdued because of the slower cash flow. alix: do you feel like the market has price that in, in terms of slower dividend growth? >> i think it is a relative known at this point, given the cash flow profile. alix: i'm excited. thanks so much. scarlet: coming up, what you need to know to gear up for tomorrow's trading day. exxon's reporting but what else is happening? ♪ scarlet: i'm scalet fu. "what'd you miss?" aaat miss this -- tomorrow, and yahoo! reporting earnings after the bell. itpotle has the cdc saying has concluded its probe into the e. coli outbreak and could not find the source. meantime, marissa mayer needs to convince everyone she has a turnaround plan. that and rumors abound private equities like silver lake were interested in yahoo!, so any m&a chatter that might come out. china pmi services and composite tomorrow at *;45. -- at 8:45. it's right about that 50 level. does it

the skipper, bruce bochy, going with the chevron cannon. like he did so many times, steve bono came off the bench to save the niners. on the final hole he rolls it in close. matt cain would tap it in as the giants prevail. the story behind the story is our own mike shumann was a heartbeat away from playing for the niners in this match. >> i understand i almost said i better call shu. i said maybe i will call steve bono. when he said yes you were out. >> shu gone. so close. abc7 sports brought to you by riverwalk casino. on a serious note, steve kerr experiencing headaches after the game. the warriors say he will accompany the team to phoenix tomorrow and then the allstar break, but it is a concern going forward given the medical problems he has had. >> the poor guy has suffered. >> abc7 news continues on-line and twitter and facebook and on all of your mobile devices with our abc7 news app. >> our ne

that's what everybody is expecting out of exxon and chevron and now because they have bitten the bullet out of conoco phillips as well. >> is this a one off or does this start to snowball? >> it needed to do something it had to go to 25 cents just to get back in line to address the interest on loans. keep in mind they held the dividend today. does somebody else do it? they either ratified or increased them. they came out and said our dividend is not going to grow 20 or 25% and that took it down 25%. they are much safer bets than the energy companies. >> quickly, does somebody else do it? >> yes and they should. >> why would they be paying dividends at levels. >> which one then. >> bhp, they have to cut it. >> take a look at pmi. stock actually got all the way down toward 11 and now look at it today. virtually around $15. so conoco is probably not a buy today but sooner or later and i think much sooner now that they made this i think this is the buy. >> if and when they did of course you didn't see it coming quite today but if they did, stock goes down and then it becomes a buy as a wash

take a look at these pictures, this man police say walked into a chevron station early sunday morning and pointed a gun at the clerk demanding money. after the clerk handed over the cash, the suspect took off and is described as a medium build man between five foot eight inches and six feet tall, anyone with information is asked to call crime line. jason: we are already in the 70' michelle: amy sweezey , i' m sure you are enjoying it outside. amy: i wish i was by my pool instead of here. a gorgeous day. lots of sunshine and blue sky. already in the lower-70' s and not done climbing. a little breezy but the winds out of the southwest, a nice hour and we will see the breezy winds through the afternoon. s later today. then, a cold front will come through. do not get worried, when we talk about cold fronts because it will not make us cold, it will come through tomorrow and we are going to be a little bit cooler for saturday and sunday. we will talk about that in a few minutes and talk about our next best chance for rain, that is if i decide to come back inside. few. new details about what

thank toth a portfolio of pricey offshore projects and chevron's promise to maintain a payout through 2017 has been questioned as well. though its oregon natural gas project should help cash flow next year. but throughout the energy sector this has become an issue as equity prices have dropped dividend yields have jumped. averaging 4% after recently hitting their highest level since at least 2000. according to fact set, some names that could be ripe for reset, williams companies which yield a staggering 14%. one oak which yields 10%. murk oil which pays out 7%. while for now at least most oil majors may be defending their dividends, analysts warn energy stocks with yields over 6% might best be approached with caution. for nightly business report, i'm morgan brennan. >>> the white house will propose a $10 per barrel oil fee in its 2017 budget. the money collected if ever collected will be used to invest in clean transportation projects and if approved would be phased in over five years. the fee would be paid for by oil companies. many say the likelihood of it passing a republican-contr

chevron having a very big day. big winner on the dow also included boeing.t boeing yesterday but the big issue the ceo saying profit margins return to double digits in five years. investor believe him and they like it. back to you. liz: adam, thank you very much. what recession? economic data has a lot of question. first we have three-day rally of 2016. ward mccarthy chief economist at jeffries and former fed head and sean o'hara. good to see you both. ward, the fed minutes came out and said they were nervous about january continuing rate hikes. yet today we got economic data. we can show some of it here. among them better industrial production numbers. a little bit of a question on lower energy costs. liz: sean, you invest no matter what is it going on. energy second r select sectorsside ir. oil is up today. buffett is making energy plays right and left. tell us what is behind your thinking here? >> liz, thanks for having us on. we generally like the qs, because it is look@subpoena 1000 or wilshire, they focus on sectors, making sure sectors are allocated.

today they held the chevron shoot out. mike shumann drawing the tough assignment live at pebble beach on a perfect day, shu? >> this has become a fan favorite for three reasons, local teams, and when do they get to compete against each other and three, it's fun to watch athletes try to may another sport. that said, have a look. this is a popular event but nerve wracking. >> nerves here? >> no. i don't think anyone expects me to strike it down the middle. >> goernl campos is obviously nervous. their skipper is a veteran of the event. >> i don't win. when you see this swing, you'll see the. >> the 49ers won last year but have been busy with super bowl 50. >> i played tahoe and those blisters heal in october. then, i come here. i'm going to play this weekend. it will be fun. >> dwight clark was talking his usual smack this year. >> i mean, baseball. they got to play solve. we never got to do that. >> turns out he didn't have to worry. he went with the new option, the chevron cannonfor the drive. the giants will take the crown

chevron down 1.6 are sent. exxon, 2.2%. down 1.6 percent. exxon, 2.2%. year to date, all of these are down except for kendra morgan. switching gears from oil, i do want to take a look at utilities. at least one of them is going the other way. duke energy up i 2.7%. this after lockheed martin said it signed a deal to buy solar power from duke, 30 megawatts from a solar farm in north carolina for the next 17 years. the largest piece of the mississippi. interesting. wants to reduce greenhouse gas omissions by one third by 2020. research is the buyer for questar corporation. dominion wants to expand its holdings in natural gas. is down 20% -- natural gas down 20% over the last year or so, versus oil, which is down one third. david: mark crumpton has the headlines from the news desk. mark: tonight, the speeches will stop and the voting will begin. iowans will make the first official statement of the 2016 presidential campaign. they will attend nearly 1700 caucus sites to pick a nominee. hillary clinton are leading in the polls. mrs. clinton is telling voters

chevron and exxon rising in the biggestng it sector gainer on the s&p.n right here we are seeing it breaking its four-day losing streak there. taking a look at some other specific stocks not related to down,onda leas and tesla, missing earnings estimates because of the strong u.s. dollar and weaken global economy . they get most of the united states. 5%, they arewn saying it's best to avoid the stock because of demand. we have some breaking news on the media front. lions gate here, said to be focused on possibly a starz acquisition. they are focused on earnings that come out on thursday, but according to bloomberg news they held a board meeting and discuss the possibility of coming back .o a higher starz they try to do that in 2014. is controlled by billionaire john malone. a time there was valuation concern, but it appears now that valuations are better and the tax reasons may be better for him to sell to lions gate. we will keep our eye on that story. we are just moments away from the close of trading and as we haven't saying, it's been a thetile day i

we are inside the chevron stem zone at super bowl city in san francisco. we're talking this morning about the science behind the game, and one of the things, this is stephanie reese, one of the thing it's fascinating how far we've come. this is what the helmets used to rook like -- look like. talk about the engineering that's gone into keeping players safe on the field. >> the technology is on obvious, a lot of time people think about the physics. behind the scene there's technology, engineering, math and science, from the material the helmets are made out of. >> look at the pads they used to wear, i have these giant things on now. i can't imagine playing on these. >> the helmets have microchips on it. >> they can see how fast i run out there. obviously the goal here is to inspire people to get, young people to get into science and engineering, that's your aim. >> there's so many wonderful things. chevron has donated $250 million to stem education, we believe that getting students, children, coaches alike can help us understand the impact that stem has. >>

in other energy commodities, exxon and chevron and conoco phillips, exxon is up by 1% and chevron isp by an 5% as well as conoco phillips on the back of rising oil trading at about $29 per barrel. 11% on the day. 5% asares are popping well as other insurers. the news out of aig is that they revealed they had a fourth loss but that is being overshadowed by a $5 billion buyback. they are increasing their quarterly dividend by 14 percent. banks are the biggest s&p 500 leader. fromare seeing an uplift 5.5%-6%. the nba all-star texan i kicked off today but that was not the only thing being discussed. mark cuban talks about what he sees in the volatility in the markets. >> i think we're going to a correction where we don't understand how all the markets in different asset classes are correlated and we see so much algorithm trading driving one class versus another that it's not just about fundamentals anymore. traders don't or understand what's going on, they get out and go to cash so it's not a surprise. stephanie: what are you doing? >> i have edged positions like thatix and smaller caps

ibm, walmart, and chevron. and looking at some of the other indexes, s&p 500, nasdaq, russel, there you have it. nasdaq is down by.6%. let's get to sue. >> melissa, here's what is happening this hour. the flint mayor has unveiled an aggressive plan to remove lead contaminated pipes from the city. she announced the fast start plan why which employees will partner with lansing department of water and light to remove these pipes. >>> hillary clinton was in dairy, match. she signed autographs, shook hands and took lots of selfies. >>> a container ship that ran aground has been freed. it took 12 tugboats to release the ship, a steering defect caused the accident. >>> red lobster says it is feeling the beyonce bounce. the seafood chain says sales surged 33% on sunday from a year ago after the release of "formation" in which beyonce says she took a man to red lobster after sex. red lobster is also trending on twitter for the first time. who knew? that's your news update this hour. >> think of the impact if she had tak

i'm wearing it in necklace mode, and when you want to wear it as your hid phones, just lift up the chevron you put those in your ears, and then in the back clasp of the necklace, there's actually a plug that then goes into your phone, and, boom, you're ready to go. and so you can use that with any device that has the standard jack for your phone, laptop, tablet, and then when you're done, you just plug that back into the back of the necklace, and then you can take the ear buds out and put those back in the chevron, and you're done. so it's plug and play, works whenever you're ready. you don't have to charge it. you don't have to think it. it's ready to go when you are. the whole impetus for tensal and starting tinsellele came from my personal pain point, which is my headphones are invaluable to me, but i have kind of a love-hate relationship with them. they live mostly at the bottom of my bag, which is a black hole. so no more untangling wires for days, no knotted walls of wire, and no digging around for them, and no longer my husband taking them, thinking they're his, or getting worn out,

chevron, remember, it's debt is being downgraded.obil is out with earnings that beat estimates but the default year-over-year. hard,r group hit technology could this has been happening a lot this year. most of them showing some strength last year but leading the clients this year. amazon.com in particular is off by 4%. we have been watching yahoo! in the past two moments on reports is consideringy putting itself up for sale. it will be reporting earnings in just a few moments when the headlines, but it has come lower again. another big part of the story today, financials, second-biggest group of the s&p, and it is falling as well. steep declines across the big banks here. there is concern because of what we are seeing with the yield curve that that is going to be negative potentially for-profits of banks. finally, a couple of rays of sunshine in today's session. google is rising after it reported its results after the close of yesterday, benefiting from the movement today. those chairs are -- those shares are paring the advanced cons

around three o'clock monday afternoon, part of the roof of the chevron gas station in the 3900 block of artesia boulevard in torrance collapsed. surveillance cameras from the green clean xpress car wash next door caught this video the moment the awning cam crashing down. "there's a guy on the left side of the roof, and he was cleaning the roof, and he told me that of, i guess of that area, the roof just started collapsing." two maintenance workers were on the roof at the time cleaning it, and told witnesses they noticed some cracks. while they were checking things out, the entire roof collapsed with them on it. one worker received minor injuries and was treated at the scene and released. the other worker fell with the steel roof, but fortunately was unscathed. "it's scary to think something like this could just happen so randomly." "there was a car in there, and i guess there was a passenger inside one of the cars and he got so scared that he just got out of the car running." engineers and safety inspectors from the parent company, g&m, arrived quickly, shut down the station... "the

chevron canon for the drive. >> there it goes. first 4 hole then the rookie and teamfie for the win. and the giant will take the crown. >> great event for great cuss $jt it and very happy i got the puck close enough to tap it in. >>reporter: in pebble beach 7 sports. >> sea of orange today in denver as crowd estimated at 1 million people turn out for the broncos superbowl parade. broncos first superbowl win in 17 years. players the rode fire truck through the city. elway won two championship as quarterback for the broncos. first as the gm. >> most satisfying thing about being a player as well as being in the front office is the to be able to bring back the lombardi trophy to everybody out here. thanks for all your help. >> cam newton met the media responding to the backlash that followed right after the superbowl when the panthers quarterback left post game news conference after only 3 minute. .f you were expecting a an >> i have been on record to say i'm a sore loser who likes to lose. show me a good loser and i show you a loser.

chevron put a gain of 4%. but also the independent oil and gas names as well.adarko petroleum%. these are names like slumber say, halliburton. only downer, national oil well varco, down 9% on earnings miss. we saw that happen earlier with exxon and bp when those companies missed latest numbers. liz: oil patch is interesting today, thank you very much, lori. man overboard, triple digit moves like we've seen this year, i believe on our 25th day of swings involving triple digits for the dow. it could make any investor even pros like they're drowning in volatility. we have the your life raft now. s&p equity i.q. officer sharon gibbs is with us. she manages more than $14 billion. here to give us a life raft of names for people to crash on to perhaps give them a little lift. first we saw volatility right after oil closed, sharon. what do you attribute to that? >> i think it is opec meeting to see if these countries will meet and really reduce the production. liz: i need to tell you this too, we're getting this right now. dow is up more than 1% obviously but nasdaq is

chevron had the worse results in ten years. the dow plunged 300 points and the nasdaq gave up one hundred apt s&p lost ground today. >>> and to piggy back on that story. apple fell from the top branch of the money tree. google's new parent company alphabet toppled and shares up eight percent in opening trading and apple came surging public's most publicly traded company. >>> and there is nothing to yahoo about talking about one of the country's leading internet companies. will lose their jobs. ceo marissa's event to turn profit margins into gain. losing ground to google and facebook. >>> let's check in with mark here and not bad now but if you umbrella. >> and hold onto it because we got rain and wind. >> he better hold onto your air. >> i got extra aqua net. 35 miles per hour wind. i can handle it. >> like the donald. >> look at the outdoor cam. clouds thickening up after brief sunshine. buckeye chuck to see his shadow and predict 12 more months of winter. just kidding. six more weeks. tomorrow is actually the halfway point of

chevron, newfield, and freeport-mcmoran. the best of those is chevron, is down 20% over the past year. the laggard, freeport-mc which we've documented down 70%. why do you like them now? >> a fundamental belief that fossil fuels are not going away. yes, we have weak global demand. yes, we've had a strong dollar and those have obviously weighted on natural resource stocks. for the long-term investor and we think three to five years out or more that natural resources and commodity are an int gregra part of a diversified investor's portfolio. the trough of a typical commodity cycle in our view, this would be the time for a long-term investor to get involved and go with these companies. albeit you have to have a strong stomach. these are all energy names. we do other things. we actually own kansas city southern which is a rail stock that's been affected by some of the fossil fuel issues in the u.s. as well. but, you know, our view is in the long term these companies are going to grow. fossil fuels are not going anywhere -- >> on

chevron is accepting applications for operator trainee positions in richmond.go to the company website to apply and politicians must be filled out for later than sunday at 8:59 people. the goal is to hire locally. >> the world health organization is holding an emergency meeting today over the zika virus and and under pressure to act quickly because they were slow to respond to ebola. the virus is linked to severe birth defects. this morning, it was announced a virginia college student contracted the virus while traveling through central america during winter. the student is expected to recover. >> students from m.i.t. have won first ever space started by tesla owner, and he believe for the fraction of high-speed rail we can transport people in pods as speeds of 700 miles per hour. more than certain teams competed in the competition and m.i.t. came up with a lightweight pod of 550 pounds that moves at 6,000 miles per hour. >> a "star wars" painting stolen from a pizza shop is returned. >> workers are scratching their head. can you see the mystery man on surveill

. >>> and chevrons parents effectively of miles to watch them lose, intel last night. >> man: and every time i leave i say guys, maybe next year. >> aouncer: the grammys 305 gives a showstopping performance. with a little help. got. >> announcer: of the three-time grammy nominee foror best spoken word, got to see. >> man: deco ive. >> gossip. martinez. >> shireen: and i am shireeee sandoval and this is deco drive. the grammy awards deliver the, last ninht and the nights p 20 other swiss 1989 was named album of the year. tai taiu was visibly moved and wanted to take a swipe at the us for his comment last week that he made a famous. >> woman: there are going to be people along the way who will try to undercut your success.

the corner of rainbow and westcliff - only a couple hundred feet away from the chevron - witnesses watched a man gunned down in plain sight. "multiple gunshot wounds to the upper body i would say." police arrived to find a body laying across empty parking spaces. after interviewing witnesses - which included construction workers and shoppers - homicide detectives learned the white chevrolet is the victim's car. the victim was seen waiting in the white chevy around 12:30 in the afternoon - when a car witnesses describe as a gray nissan altima drives up to it. up he got into the rear driver side of that vehicle." a reported altercation in the altima leads to gunshots. the altima drives a few feet in the parking lot and then the victim jumps out. "he's seen getting out and having his hands up this is pretty clear from one of the witnesses that was walking by that had unobstructed view and then several more shots are heard and then the vehicle is seen speeding out and then getting on to west cliff and then north on rainbow." "and they were way too fast i tried to get the license plate but it w

unitedhealth, intel, chevron, caterpillar. nice stuff.rican-american vote in nevada. could pave the way for more victories in the south. yeah, probably. more "varney" in a moment. ♪ ♪ ♪ ♪ >> let's take a look at the big board for you, the dow trading up triple digits, it has since the opening bell with, up 200 points. check the price of oil, the russians saying a deal to freeze output will be done by march 1st, that's lending support to the oil market. also the u.s. oil patch in decline. take a look at the leaders on the dow for you, unitedhealth, caterpillar, microsoft, intel and chevron all moving up nicely, all up 2-3%. take a look at dean foods, they say slowing sales of milk are actually hurting the bottom line. that stock down nearly $1.50. and check goldman sachs, a big legal bill hurting them quarter. expenses of up to $5.3 billion in excess of what it had set aside. that's the very latest from the markets for you. that's the fox business report, more "varney" right after this. stuart: we keep checking this, why snot it's monday m

>> yes, reggie, at the chevron in milpitas gas prices are well below $3. now for long. analysts are expecting prices to jump by up to 30 cents a gallon starting this weekend. >> as with all things, change is inevitable and some drivers say that the price at the pup are just unpredictable. >> how can it be $5 a gallon three years ago and $2.39 today? it comes out of the same hole, same people pumping it. >> drivers say they have given up trying to make sense of it. they have been enjoying paying less to get around. >> right new, the gas prices are good. >> they knew it would not last. gas prices usually go up this time of year as refineries make the switch from winter to a summer blend. it is not only more expensive to produce, but better for environment and, in fact, its is mandated bit state of california. a consumer watch dog group, however; blasting the refinery for charging more than they need. the prices usually go up to a few pennies or a dime not a whopping 30 crept a gallon. >> that is ten gallons, that is $3. every $3 make as difference. >> as gas remains the p

but apparently this guy had a problem. 45 minutes before the shooting this customer walked into the chevron on hollywood boulevard near the turike. just as the clerk was preparing to switch shifts with another worker. and that meant the customer would have to wait several minutes for service. >> and he start like yelling to me and he told me no you don't suppose to close. you supposed to open 24. >> suspect walks out and approximately 30 minute later drove back to the gas station. >> that's when police say he opened fire. the clerk making a run for it. you think. >> 4. >> the clerk unhurt but you can still see the bullet holes in th window. and despite the close call this young man still has a job to do. >> i need to take care of my life. i need to eat. i have to work. >> so you could see the man picture pretty clearly in the surveillance video and if you think you know who heis or you have any information about this police want to hear from you annual the number to call the hollywood police department is here of this. placac believe that the other car you saw in the video may be related. t

bp and chevron will let go of thousands of employees. and exxon cut expenses by 25% this year following a 15% cut last year but managed to save most jobs there. the cut backs and lay-office could be signs the industry does not expect the drop in crude prices to reverse any time soon. >>> well an old policy is back this morning so parents listen up. >> they're going to love this. united airlines is bringing back pre-boarding for families with young children. starting the 15th of this month, families with children under age two can preboard united flights. it will follow passengers with disabilities and active duty the policy was dropped in 2012. an email to customers says united helps to relieve passenger stress. and it can be stressful. >> yeah, not just for the parents but for everybody else dealing with the crying kids and the extra bags and everything. so get them on first, sit them down and shut them up. >> right. >>> weather and traffic on the 8s is three minutes away. >>> plus, new in the next half hour, an 8 on your side scam aler

. >> but apparently this guy had a problem. 45 minutes before the shooting chevron on hollywood boulevard near the turnpike. just as the clerk was preparing to switchh shifts with another worker. and that meant the customer would ha to wait several minutes for service. >> and he start like yelling to me and he told me no you don't suppose to close. you supposed to open 24-7. >> suspect walks out and approximately 30 minute later drove back to the gas station. >> that's when police say he lpened fire. the clerk making a run for it. >> how many shots were fired do you think. >> 4. >> the clerk unhurt but you can still see the bullet holes in the window. and despite the close call this young man still has a job to do. >> i need to take care of my life. i need to eat. i have to work. >> so you could see the man picture pretty clearly in the surveillance video and if you think you know whoo he is or you police want to hear from you annual the number to call the hollywood police department is here of this. places believe that the other car you saw in the video may be related. they may know that