. >>> and the price of gasoline the ceo of conoco phillips on that as we look ahead on "sunday morning futures." president obama's first secretary of state, hillary clinton planning to announce at any moment her 2016 run for the white house. this as tensions between our middle eastern allies, saudi arabia and iran, heat up over the growing conflict in yemen and the u.s. and five other world powers continue to hammer out a deal with iran headed toward a june 30th nuclear deadline. so how big a role will foreign policy and global security play into the next administration? jonny isakson, member of the senate foreign relations committee joins us now. senator, good to have you on the program. >> good to be with you, maria. >> do you think foreign affairs, foreign policy will be a driver in this election for voters and how would you assess the kind of secretary of state hillary clinton was? >> well, first of all, it will be a big issue. it will be a big issue with women because women are afraid for their children and security because of isil and what is unknown about iran. hillary clinton s

exxon and conoco both beat estimates. exxon made more than expected and conoco lost less than expected. joining us now is stephen short and vincent piazzolla. we have seen beats from all industry leaders but the big issue eric and i complain about why don't we just look up the actual numbers? the fact that the stock is responding to what analysts are estimating analysts keep moving it so they look smart. vincent: expectations and sentiment. when you think of exxon in particular, you have a combination of both the downstream and the upstream that tends to smooth out volatility in the earnings. if you think about the average prices for both pi and brent down over 50% year-over-year it had an impact on the upstream business. earnings were basically cut in half. the refining stream really provided support and ballast to the overall earnings picture. yet, earnings were off over 40 some odd percent. it is in expectations game. relative to the overall views of investment class. bill: i thought we got over this game years ago, ba

. >> conoco. >> conoco was a good quarter. what's happened is that group got oversold. they are back to where they were when oil was at $90. they don't represent great bargains. they don't. that's why i don't expect a flood of deals. the deals should have occurred when whiting was at $30, noble was at $40. where were the deals? why didn't they move? >> they raised primary equities. >> some of the pe money was samsung at pkr is not a home run. >> how did sampson end in the bible? >> got a bit of a haircut. >> yes, it is. you may have some who played oil and gas who perhaps were a bit gun shy. >> yes. remember exxon did buy. they hate when you talk about this but they did buy xto. that made everyone think oil got crushed. they would have been better buying bmg which had a good quarter. >> weed a ups and downs in housing. beezer today. orders up 22 which not everybody has been able to post. >> these are etf stories. etf carried this whole group down. some of these etfes are so powerful, they could crush lennar which is having a good quarter. take anybody out. >> i did want

plus big oil and big earnings from exxon to conoco.re playing take your position on some of the biggest names in the space. stay tuned. d like you to know. d like you to know. we don't collect killer whales from the wild. and haven't for 35 years. with the hightest standard of animal care in the world, our whales are healthy. they're thriving. i wouldn't work here if they weren't. and government research shows they live just as long as whales in the wild. caring for these whales, we have a great responsibility to get that right. and we take it very seriously. because we love them. and we know you love them too. dentist appointment when my teeth are ready? ♪ can it tell the doctor how long you have to wear this thing? ♪ can it tell the flight attendant to please not wake me this time? ♪ the answer is yes, it can. so, the question your customers are really asking is, can your business deliver? >>> well getting hit hard. the conference call is getting under way, let's get back todom chu. dom? >> shares are down 14.5%. 1.9 million shares t

conoco phillips not making any changes to its 2015 production or forecast.: thank you so much, scarlet. much more ahead -- there could be a deal in the cloud. salesforce fielding takeover offers. elon musk called it the missing piece. the announcement at 11:00 p.m. tonight. pretty late. we will be back. ♪ betty: here is a look at our top stories this morning. the japan prime minister makes a historic speech before congress and offers eternal condolences to the lives lost in world war ii. celebrating the evolution of his country's ties with the united states. he urged u.s. lawmakers to field a groundbreaking deal. elon musk unveiling a new generation of batteries and an event in california today. during the batteries into upright pillars so they can store solar and wind energy. it could mark another business for tesla built on the back of technology originally designed for his electric cars. a big jump in new york city construction spending. it was up 26% last year to $36 billion led by a record amount of residential building in the market skewed towards luxu

and listen to the comments last week of the conoco phillips ceo, list tonight comments of eog managementbout falling production to come here third quarter, forkt. i think it's coming quicker than that, it's happening a lot faster. think the market is going to recognize that. >> i think the integrated names, last week where did we see buying activity, conoco phillips, exxonmobil. the big names have seen a lot of paper. maybe yoe is onto it on the smaller end as well. >> this should be viewed as a broader market call. if you think that energy is going to catch a real serious bid. that's going to be good for the overall market. >> earning estimates in energy have been revised lower by about 60%. i think april is going to be a strong month of sticking by that. yes, i agree. >> i don't know if that's great for the market. look at the leadership in the market. the retail etf has been on fire. consumer discretionary names. >> at a time when people are questioning the valuation of the consumer discretionary space wonder if it's gone too far, too fast. if you have a rotation, are we suggesting th

chevron, conoco. the last couple of trading sessions we've seen it, exxonmobil as well. huge moves, very rapid moves to upside. let's not forget, we're starting to get help from health care. merck, pfizer and the financials. jp morgan, goldman sachs. it just isn't about oil. the fact that we're seeing a nice broad participation to the upside. cheap volatility, you buy it, you ride the bull. >> doc, back over 5,000 on the nasdaq. intel's revenue outlook, not as bad as some people thought it would be. >> certainly they performed given what's been going on with pcs in general, judge. so intel heads of a to them, nice job. >> i think the stock is up not even on the earnings. i think it's the outlook. revenue outlook, i think surprised some people. maybe the worst is over in pcs. >> yup. and if they can get some margin back, judge, that doesn't hurt, either. to the point about crude oil just because that is such a big story, all year i've been saying 45-60 now we're back to almost 55 here, judge 54 and change. i think 45-60. if people want to get too giddy as it goes towards

the question for many investors is whether or not large companies like exxonmobil chevron, conoco phillips and others are worth looking at given their recent stock slide. some experts though are looking beyond the energy stocks for the best opportunities. >> the place that you focus is where we're getting the best relative performance in the stock market and interestingly, the place we're getting the best relative performance are also the sectors of the market which are likely to post solid positive earnings. consumer discretionary. that's certainly at the top of the list. health care information technology. i not only think you're going to have pretty good earnings in those three sectors for the first quarter, but i think for all of 2015 and for that matter 2016. >> reporter: the stock market hasn't seen a larger scale pullback since 2011 and earnings growth has been behind a lot of the optimism in the overall market. now, it's about whether america's biggest companies can keep that positive momentum going. for "nightly business report," i'm dominic chu. >>> meanwhile the federal reserve

conoco phillips posted a profit as its strategy to focus more on shale production paid off. hillary clinton has a challenger in the race for the democratic presidential nomination. forvermont senator bernie sanders has announced his candidacy. senator sanders: i believe presidential elections are about serious debates over serious issues. this is not the red sox versus the yankees. this is about debating real issues that face the american people. emily: sanders considers himself a socialist and caucuses with the democrats. viacom is dealing with a persistent slump in u.s. ad sales, but the ceo sees improvement ahead. >> the market looks to be strong. we are very confident going into the upfront season with the strength of the marketplace. with some of the shows we have rolling out, we are quite hopeful that we will see improvement as the year progresses in our ad sales performance. emily: viacom posted a $53 million loss in the quarter due to layoffs and write-downs on underperforming shows. bitcoin startup circle internet financial has just raised capital from investors inc

sunday have conoco phillips. just love the phillips 66 brand and name.lips offices in all of these cities, and you still see the phillips 66 signs, still pumping gas at if not the same period like so many businesses now we have people with mbas and proper educations and not quite as colorful, a little more predictable, great folks but they're not quite like those old oilmen were. >> while in tulsa we spoke to jami fullerton whose book "advertising's war on terrorism" recounts an advertising campaign in arab countries run by the u.s. state department shortly after the captain the 11th attacks. >> -- shortly after the september 11 attacks. i became attention because i enjoy working with ochoa more than anything. >> i'm a schoolteacher school teacher in public school in the united states of america. i wear this in the classroom were i teach. children asked a lot of questions. i've never had any child to thought it was weird or anything like that and the like the fact there's a different culture. i was born in beirut, lebanon. i came to the united states in

back here in the united states keep an eye on shares of conoco philips today.on mobil is due to report its results coming up in the next hour. >>> ten years after the chinese company lenova acquired pc business and the company would like to compete in the north american market. amar is here he is the north american and the new president, rather of lenovo's north american unit. what do you have there, by the way? i looked down and noticed you have something. >> i just can't help it. i'm a product guy and i'm particularly proud of this one. this is our last yoga 3 pro. it's a two in one. convertible device that is very thin and very light. you can use it as a tablet and pc and america's best-selling device. >> i didn't plan to do a product demo, but this is kind of cool. just tell us this we all thought that pc sales were going to fall apart and all move to something like this. what really happened? >> what is really happening is that customers want choice and customers today use a variety of devices ranging from smartphone to pc some of which are very mobile and

fbi agents are taught when they go to conoco for initial training in virginia that past behavior is the best predictor of future behavior and that is how it is obvious most of the time but most of the time we ignore those >> host: from house: the hidden lives of the modern presidents and the secrets of the most powerful institution," never forget turning the door knob to one of the seven capital highways when lbj was majority leader of the senate and making his rounds to make sure all offices were locked, and opening the massive door on the sofa, having sex with carol tyler a blond curvaceous secretary, quote, there was lbj on top, excuse me, you son of a bitch, jumped up, took off running because i knew the man's tender. i ran to the other end of the senate building down the marble stairway pass the clock ran through the rotunda. he was running after me. i ran to the house wing to the terrace level to the chief's office. i cost lbj he is threatening to kill me. the officer said to hide in the locker. those lockers were little. i had a gun and flashlight and crammed myself in so i could

diversification a telephone utility like verizon could trade with a company like pract proctor and oil like conoco phillips because they have high dividends' after a period of time volatile ones could all three stocks at the exact same time. we must always be concerned, too, that the favorable tax rate on dividends, that it could go away and therefore it would make the most competitive to bonds and give the fixed income equivalents as we call them a real whacking. as it did, by the way, in the spring of 2013. but if you own one stock with a really large yield and then one or two of the other names in your portfolio support decent dividends. i know dividend-paying stocks may not be what most people consider sexy. but you know what dividends make you money, for heaven sake. to me, that is the definition of sex appeal. i have a pretty warped social life. the fact remains buy high yielders and then reinvesting your dividends back into the stocks is one of the greatest most reliable ways to make money out there plain and simple because it allows your investment to compound. that's the key word compound

exxon, chevron, conoco. >> seems to be finding some footing here. >> you start to get support here ands are willing to take that gamble and we talked about it for a couple days now. that correlation after the march meeting. you wound up having that dollar strength equals oil weakness. that was off the table here. but i still think the service name. if you look at a halliburton or a baker hughes and you'll see they're up 17, 18% year to date and guys are coming out of the service names. >>> tim made his way over to the smart board and watching the s&p 500. tim? >> going into earning season, a lot of people felt that the s&p had pressure and felt it had pressure for a couple reasons. all the things we talk about fundamentally and key levels. the 20, this is the 15 in gray and the 20 in yellow. but this is really what's been your resistance. it was your resistance until we broke through in mid-february on the rally that took the s&p up to the highs well past 2,100. now what was resistance all the way through is now support. what's interesting here. right here we have the 20 and the moving

i thought they couldn't deliver and meanwhile conoco also reported, and it wasn't that bad.nd the traders say the worst is over. i agree. but to equate some sort of supposed bottom in the oils with exxon is to miss what's happening in this group for months now. all these bottom callers are late to the party. they're forgetting we already got a real bottom that was forged in both bravery and common sense. oil the commodity is now poised at nearly $60 after plunging to as low as $43 when rich kinder came on this show in early february and said that the price had gotten too low and crude belonged at a higher level. kinder does nothing idly. a couple of weeks before that interview he shelled out $3 billion to buy the high land partners pipe line from howard hamm the ceo of continental resources. for those who don't remember, hamm came on the show, stood right here last october when oil was trading at twice that $43 price and called a bottom. a bottom that didn't stand. hamm's company had also put the money where its mouth is too. taking off the hedges against oil plummeting at t

the big oil names, conocos, marathons, everything's being dragged up.hy was the stock down so much on friday? there was concern about changes in the chinese margin rules. remember, they regulated ban margin financing and over the counter stocks on friday in china. see the shanghai markets here to the downside about 2%. they were closed on friday when the announcements were made. a lot are citing that for the weakness. what seems to be forgotten, not only are we rallying in the united states, we're having an excellent day over in europe. now remember, germany looked a little bit jittery at the close on friday. it had been down two days rather noticeably, and a lot of people were wondering whether the rally was over, you're looking at it today here, as you can see, it too is rallying essentially 2%. a lot of the debate is not why we're rallying today. the market doesn't stay down for long. near the high end of the recent range and people are talking about china. and their attempts to stimulate the economy over there by changing the reserve requirements an

what's going on here, that's exactly the reasoning behind this deal and so do we suddenly see the conocos and everybody else chevron, exxon and the rest go after the bigger names or bigger names somewhere in the lng space. that's where we'll see some of that. certainly i think this gets everybody now starting to question themselves on when, when do we jump? this is the first jump from royal dutch. now when is the next one going to be jumping. that's something we're looking for now. >> kate? >> i'm curious, and from jeff, when you think about the assets here and the search for attractive assets which is, of course, what you're going to do if you're a company that has the balance sheet to do so that has a time of cheap prices and troubled other companies, should we think of this as primarily an lng play and is that a great space to be in right now? what about the presalt reserves, below the salt layer of petroleum you have off the coast of brazil, for instance, which bg is an active player in. >> when we look at the lng industry, the price outlook going forward is not that positive. a signi

world, they're coming for the service names and the drillers but really the integrated names, exxon, conoco. in terms of options, the expectations are building in many of these different energy spots. >> next up big news in the world of tesla. according to a new book elon musk almost sold tesla to ghoulingghouloogle for $11 million. apparently musk and page actually shook on a deal before negotiating specifics. guy? >> the company is worth three times -- at least three times that. making argument more than that. i still say stay long tesla. i still think it tested and held that 180 level. i think it blows through 225, but google to me sets up interesting. the move from january to early march, we basically made a 50% correction of that move to the upside. held 530 i think. i think this rally is into the release on april 23rd and i think you stay long the stock. gag google so not expensive. i think this head fake was to the downside. >> does this show google is willing to pay something -- >> back in 2011 they bought motorola mobility. when you do the math, what would you rather have motorola

i think everybody has been trying to play exxon conoco. i do think there's another leg lower in oil which means i think exxon has a little room. >> i'm still long gse which is the crb index. it's really heavy oil. that's the way to play it. even if you get a pullback tomorrow, crude oil has not responded to this oversupply in the recent weeks. you have to be long it still. >>> march 27th, steve over here explained why he was cashing out a number of stocks ahead of the start of the second quarter. take a listen. >> if you look at the quarter we're having right now, we have the potential on 03/31 next week to have a negative quarter. that would put the kibosh on this whole marketplace right now, so we're very close to the top in the s&p. i would be very careful. i sold my positions because this makes me nervous as all hell. i sold all the marquee names. google, facebook. i still own twitter. i was a little iffy on that. i sold my southern utility name, which i thought was saving for a rainy day. i got out of everything because i think the ma

and they throw her under the bus and she has to conoco seed and she does. and frack then gets rightfully crowned. but it really had nothing to do with either of them or their runs for an office which she rightfully wonment but it was a very clever way that robert and michelle managed to, i think make politics for women especially running interesting and yet not have her be-- the truth is when i asked if she was going to win. they said from the beginning, no. because the show is more interesting to write when you're in the law firm. being states attorney means you are constantly prosecuting criminals rather than being with them. >> rose: yes. >> so the great characters like you know lamond bishop and my sweet dylan baker those character was sort of fall to the wayside. an that's what keeps our show so rich. >> rose: but was this a year of change for the series. >> it was a year of change. it was a big year of change. and i think that's the luckry of doing 22 episodes a year ask that we have a slow burn. we don't need to throw everything in your face in eight

we're looking at the dow up 80 points and some of the big leaders include transocean apache conoco-phillipstching shares of johnson and johnson that trade relatively even after earnings came out this morning. profit there is down 8.6%. increased pressure of the stronger dollar globally and watching j.c. penney stock is down a couple of percent right now. north of 2%, after an executive inadvertently disclosed early same-store sales numbers. look at 6% growth so far but analysts were expect a better number. so we'll wait for earnings on that. that's the fox business brief. more varney coming up next. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business . stuart: media research ce

some years ago phillips merged with another old rival of theirs conoco oil, which was located in ponka city oklahoma across the to sage prairie. now you have conocophillips. you still have the phillips 66 brand and name. there are still phillips offices in all of these cities, and you still see the phillips 66 signs, they're still pumping gas. but it's not the same. like so many businesses, now we have people with mbas and proper education and not quite as colorful a little more predictable. great folks, but they're not quite like those old oilmen were. >> while in tulsa, we spoke to jami fullerton whose book "advertising's war on terrorism" recounts an advertising campaign in arab country cans run by the u.s. state department shortly after the september 11 attacks. >> i decided to become a teacher because i enjoyed talking to kids, working with the children more than anything. ♪ ♪ >> my name is -- [inaudible] i'm a schoolteacher in the public school in the united states of america. i wear aha jeff in the classroom where i teach. children ask me a lot of questions. i have never had any

yes, i understand somebody might want to go for marathon conoco these companies are proud companies,nd they don't want to sell. but b.g.? b.g.? brad -- brad gilbert is b.g. great tennis pro. >> are we in a new chapter of m&a? linked today -- >> you mean new, stupid chapter? >> maybe. >> they overpaid. wait, who? >> royal dutch. >> we talked about that yesterday, of course. we have a smaller linkedin deal -- >> why didn't they buy whiting? why didn't they buy continental? if it's a new chapter, they're paying too much. pioneer, you need permian -- >> you didn't say about mylan perrigo. >> this deal makes so much sense. >> we'll do more on that later in the faber report. carl, to your overall -- >> drop another bomb? >> we'll try to give people insight into what's going on with the mylan situation. second only to 2007 given the kraft deal the shell deal but we've got deals, as we reported falling apart, not getting to the finish line. we're in a strong m&a market for all of the reasons we cited for years. >> one drug company, it's valeant, it's actavis, it's mylan, it's teva perrigo, a

yesterday, conoco philips is going to cut head count to cut costs by a billion bucks by the year 2016d not specify how many workers will be laid off on when. now, on tuesday, noble energy warned of a 10% cut in jobs since oil's nose dive in the fall work at baker hughes felt the most pain 9,000 cuts at schlumberger, and more cuts. >> followed through by big gains in today's session, and today's sessions on fire over the last two months tracking the action. the large cap chinese stocks up 20%. ewh, hong kong etf up 10%. with us is forbes columnist gordon chang and the editor of the report. great to have you with us. jim, start with you. this is about the chang high and hong kong connect and money flowing, isn't it? >> that's a part of it. i mean, there's three catalysts. one is the ability of mutual funds in mainland china to channel money into hong kong and arbitrage out the difference between share evaluations. second part of it is exceptionally low valuations for stocks relative to history, and more importantly, relative to other parts of the world, look at the hong kong average pes

one little bit of good yuz, conoco phillips came out with a loss of 18 cents but it looks like this is probably the trough period. from here it looks like they're going to have a another loss tyler, in the next quarter but very small, maybe two cents and maybe at this point the worst has already passed for them. tyler, back to you. >> bob thunderstorm watchank you very much. let's head to the nasdaq. bertha coombs tracking the action there. >> apple now down three days in a row. the last time we saw it do that following its earnings was back after disappointing numbers in january of 2014. for the week it is down although it is up for the month. but we are seeing apple after having touched that all-time high falling back below it's 50-day moving average. some of it may be the negative headlines on the tap touch technology not working as well as they hoped. biotech among the worst performers of the day and this week down 7% over the last four days. part of it some disappointing numbers. people were looking for a bit more growth. celgene moving to the downside and the worst performers ove