conoco phillips. definitely a higher growth, higher beta name you want something s'more at a cheap price, you get exxonmobil. you want something steady eddy, royal dutch shell. >> apache, apa, that's the one i have been trading for, when we got out of conoco, i went over to apache. i think it's outperforming and will continue. >> the one variable that could make conoco continue to move higher is natural gas prizing continuing to move higher. natural gas prices back to unchanged on the year. >> the najarian brothers are seeing unusual options moves today in apple we'll find out what the story is when we come back after this quick break. we had long deployments in iraq. i'm really grateful that usaa was able to take care of my family i'm really grateful that usaa while i was overseas serving. it was my very first car accident. we were hit from behind. i called usaa and the first thing they asked was 'are you ok?' they always thank you for your service, which is nice because as a spouse you serve too. we

ryan lance, ceo of conoco phillips, told me this week at the world gas conference in d.c. what he is afraid of. ryan: hopefully this does not escalate into a large-scale trade war, that will not be good for the world. our business probably is the aluminum and the steel tariffs that are placed on some of those products. for a company not having a huge impact in 2018, but i think if it is this persistent in 2019, 2020 and beyond, the cost of steel is rising. it has a material impact on the companies as we go forward. alix: but this week, industrial metals felt the pain. the become industrial index down almost 2%. what is the relationship of metals and trade? dan: clearly, what you have is a president who is intent upon starting a trade war with the chinese. now, he has backed away a little bit in the past two days from this kind of intellectual property piece of the puzzle, but he has not backed away at all with this idea of steel and aluminum tariffs, not just on the chinese, but the canadians as well. that is having a domino effect on all of the industrial metals going for

but on the whole energy has really done nothing for five years >> which brings us to our next one, conoco phillips. >> so i'm a buyer of this one. i'm a buyer. i'm not going to be a denier. >> there's no such thing as denier stop with the denier so i'm trading it and the reason why again it comes down to i think all these names have a great risk/reward setup right now. $65 on conoco phillips i know where my stop it, that's it right there and then i can shoot for the upside. >> can i inject a question into this >> you run the show. >> i know, i can do whatever i want what levels do we need to see oil hold onto in order for these trade it or fade it scenarios to work >> crews actually come off the next couple of weeks and if crude were to go sideways, even if it was slightly lower, i think you'd see performance in the energy sector. >> it all goes back to the demand right now i think the worst case scenario is for it to go to $75 which would scare the heck out of people because of the expense of gasoline and et cetera i think we're in a pretty good zone i think you could have crude grind a

the idea was hatched by the next conoco take down a museum to get young people interested in arms they want to modify the images to be shared on social media along with the hash tag construct clegg. and ratio for is the man behind the app. it will you know what we want to tap into people's creative potential the artworks on display at the you know could take are somewhat off limits so we want to give people direct access to arctic it on the on . one of the other filters only becomes available when the news is actually have visited the munich museum and to get as many digital artists to go and see the real wax. you know of an interesting out right to assert shift at v.w. dot com and we'll include your press tips in the next episode. and that was the app shot. as always we leave through the exit the shift internet find of the week. ten years ago the first smartphone went on sale marking a major technological breakthrough but it was also bad news for the environment says greenpeace smartphones have become an important part of our lives and are constantly replaced by newer models. so far s

. : i'm here with the ceo of conoco phillips. ryan tends to be very much ahead of the curve.to see you. impacts between china, u.s., and the u.s. and the rest of the world -- how is that impacting your business? >> generally, we are impacted -- we're watching a pretty closely eerie hopefully it does not escalate into a full-scale trade war. that will not be good for the world. for a company not having a huge impact in 2018, but at this persistence of 2019, 2020, and beyond, the cost is rising and it has a material impact on the companies's as we go forward. we use the steel in the tubing we put in the ground, the pipelines we run across the surface to move our product around, so certainly, over the long haul, it was there to have an impact. not so much today, so we hope a lot of this gets solved in the near term so does not have a material impact going forward. alix: what is on the demand side? china starting to buy more oil from the u.s. do you sell to china? how much should we be worried? lance: we do sell to china. today, we have not seen a large impact to that demand. we

community and all the work you said or what the cargo you would also bother doing for all e-mail conoco being just going to go see the route that it is . smaller than a car again call it and i this was it was not there but our eyes are what i get out of this or that's also no quarter or. show. so i thought it is not so much because i was it is a kind of a because i said you know it's a money and still. doesn't she said as he. says it's. much harder because there are. three stories today and. if your friends. want to know that's mostly pretty awful so if it. was a total eclipse well you know if you want to talk to you. know you are already in school home along with. your old polish your kid. it will go on or what started to start i'll. tell you the worst. polluters are crazy for sure but. please sir it was. the. old house on god give me your just like what we need not to call your flashlight do both of you. well see it get there see the words. when you are going to talk to the rooms in greece you know it's. soon you get. when you need anything he gets so no one will come and when we can

about energy at the top of the show and how unbelievable it's been seeing great activity today in conocollips. you can see the great reaction out of the stock it's really been on a tear, but then it's been in this bit of a range, this band now for a while. maybe it's going to break out of that somebody today buying very aggressively, july, once again, the 70.5 calls coming in here. pretty aggressive buying i love when i see that, already in exxonmobil, already in chevron, and now you're seeing nearly 7,000 of these calls bought i bought those just a little while ago as well. though hit just after we went or about the time we started to go on air i love what i'm seeing here in conoco phillips as well. >> thanks for that >> up next, a proxy advisory firms holding corporate america hostage? washington is about wgh itoein on this, andt could change the way names operate. we're back in two. one second. barely enough time for this man to take a bite of turkey. but for cyber criminals it's plenty of time to launch thousands of attacks. luckily security analysts and watson are on his side. spott

conoco phillips ceo is in that room, representatives from chevron and exxonmobil it's an interesting move in the price of crude oil we got headlines earlier today the saudis were going to raise their production to a record 10.8 million barrels russia is going to raise its production by about 200,000 barrels as well. we confirmed that about a half hour ago, to our camera, in fact we'll get the comments out if we can. you have a lot of these big producers saying they're going to increase their production that's going to add more oil to the market now we have these iran headlines which completely turn things around i was listening to your conversation with joe and jon and others, and i just want to point something out about the u.s. side of the story, which i think is important when we were in opec yesterday, or last week, we talked to scott sheffield, the chairman of pxd, that joe just recommended. just be careful about peak production in the permian, because there's a lot of concern out there that if we lose barrels elsewhere, oh, don't worry, texas will pick it up i'm not so sure abo

we begin with conoco phillips. the potential for increased stock buy-backs and dividend gronel.ce target $78 and stock grow. to $74.49. jeffreys is looking at energy companies in thee and upgrad upgraded -- to buy from hold. an improved potential outlook and dividend hike there as well. price target$107. the stock rose nearly 2% to $87.25. >>> that same analyst of shares ofround graded oasis petroleum to hold from buy. after a 50% rise the past three months. the pri target is $14. the stock closed just below that level at $12.87. first data was upgrade to do buy freual at gold mman sachs. the stock up was2% to $2.48. >>> still ahead, the multibillion dollar video gam industry is powering up as some of the playe ar todayds the official ends of the regulations that governor ilvern the internet. the rulesy known as net neutrality said that iidernet prs could not block owe slow down websites or prioritize some kept over others. the repeal was led by the current chair of the fcco, wh today, said that customers are not going to see anyhange at >> from this dayar fo i think our interes

and although you said i hope the cargo you would also provide the link you also get for all email conoco being posted we are going to go see that it is. smaller than. again caller said and i this it was inevitable that botha lies are what i get out of us on assholes on no call it. substantial i thought it was not so much but because i was it is a constant because you know it's a money ends. doesn't teach us he. just says. my part of it was already. rich history and you do. pretty. well to know that most poor little since it. was the total office when you also if you are trying to. learn who are already in school homeless. you'll close your kid. it will go on or what started to start a. family will work stuff for. a larger cruiser for a cricketer to. do so it was. all got on the give me your just like with me not to call yours i stuck to do both of you. well let's see if there's the difference. when you are in nobody looks good with all the rooms grease you know it's. ok shouldn't you get it. when he needed it or can use so no one will come and when we can i'm not you know where you shoul

steel was in washington and spoke with several industry leaders about their concerns starting with conocoan ryan lance. alix: the trade impact between china-u.s., the u.s. and the rest of the world, how is that affecting your business? >> we're watching it closely and hopefully this does not escalate into a large-scale trade war that will not be good for the world. our business is the aluminum and steel tariffs placed on some of those products. having a huget impact in 2018, but if this persists into 2020 and beyond, certainly the cost of that kind of steel is rising. it has a material impact on companies as we go forward. we use the steel in the pipelines we run across the surface to move our product around. so, certainly over the long haul, it will start to have an impact, not so much today. we hope a lot of this get solved in the near term. alix: what about on the demand side? lng. buying a ton of buying oil from the u.s. >> we do sell a little bit. some of our exported -- have made their way to china to some of the refineries on the chinese coast. today, we have not seen a large impac

reporter: in california come a federal judge dismissed the lawsuit date bp, shell, conoco phillips andct residents from the impact of climate change. those are the five worlds largest oil companies. they found a motion to dismiss the suit and the judge ruled that while global warming is a real threat it is one that must be fixed by the quote, political branches. >> i think it's a big boost. zte is declaring bathroom trouble. >> this is something we weren't expecting to hear. it can't fix a urinal in the men's room of one of its offices because it is worried that doing so will violate the ban on the companies by u.s. regulators. zte a censure of the ban which again does smartphone cars extended to any piece of equipment from the united states including apart to fix the broken urinal. zte has not commented, but there's a sign above the urinal saying they can't fix this because we can't get the parts. we're not sure. cheryl: tracee, thank you so much. braking is you're getting right now. reuters is saying general electric will spread the ownership they have an baker hughes. of course the

also conoco phillips is , maneuvering to get a judgment in its favor enforced.one of several companies ask appropriated -- expropriated by the nicolas maduro regime. they have a settlement and have been trying to take oil stored in caribbean terminals, waiting to be processed. that would be an interesting precedent for a lot of countries to look at. carol what about the united : states pulling out of iran nuclear deal? how does that impact stuff? >> iran is a wildcard and very big producer. so, what is not clear, we know that the oil embargo that preceded the nuclear deal was quite successful in holding down iran's exports. however, it did reorient the country's pattern of oil trade towards china. what remains to be seen is when sanctions come back, as a trump administration threatened they will, and whether canada abide by that, we think not. india is the number two buyer of iranian oil. what is india doing? india is a closer ally of the u.s. and may tow the line more. jason oil prices are going to : factor into potential inflation, which factors into decision-

for the global desk operant and spoke with industry leaders about their concerns starting with the conocogerman -- german -- chairman. between u.s.cts and the rest of the world, how does it affect your business? it closelyatching and hopefully a does not escalate into a large-scale trade war, not good for the world. when you boil it down to our business, it is the aluminum and steel tariffs that are placed on some products. us not having a huge impact in 2018 but it is persistent in the next couple of years, the cost of that steel is rising. it has a material impact on the company. we use the steel in the tubing and the pipelines. we run across the surface to move product. in the long haul, it will have an effect but not so much today. we hope it gets solved in the near term and not have a material impact. >> what about the demand side? china buys a ton of oil, starting to buy more oil for the u.s., would you be worried? volumesof our export have made their way to china. to the refiners on the chinese coast. today, not a large impact on demand but we will see what happens if they placed a

companies such as bank of , andca, conoco phillips united rentals, with a fair amount of business in canada, still within the outside of the biggest trade wars happening with china. we want to remain domestically focused. as a matter of fact, i was reading a piece yesterday. everyone hundred billiollars of tariffs tha the u.s. imposes on goods and services will take about 0.1% of , worldwide growth, down. so it will have a meaningful impact. unfortunately, it seems to be one of donald trump's core beliefs, that trade wars are actually wars, as opposed to or differences in terms of accounts, because a trade deficit is actually an account surplus. there's two sides to that coin and there's not necessarily a loser and a winner. andie: you mention europe the potentially slowing growth on this side of the atlantic. bmo, have globally exposed funds. talk to me about italy, geopolitics and the way in which concerns about skeptic voices in the italian government, relationships with the eu. how do you view europe? ernesto: italy is just one more example of this rupture happening around the wo

kinder morgan pulled out of canada, shell pulled out of canada and conoco phillips build out of canadaillions of dollars are leaving and trump knows this and he's got a big problem on his hands. canada is not competitive anymore of what the canadian did in side-swing the canadian tax legislation. canada used to be the lowest cost of capital of north america and now it's the most expensive personal tax and highest federal tax and the only federal carbon tax in north america and all of a sudden trump has to just come up here and say, look, i want to wipe you out on supply-side management on dairy. this is horrible for trudeau, and he's doing the right thing. he's trying to survive. it's not looking good right now, but he's got to do what he's got to do. people should not misunderstand what he's trying to do. any politician understands politics is local, andhe's getting smeared now. he's getting wiped out by capital leaving canada by the billions. >> so, if you were trudeau, you have said the very same thing as he did after this g7 summit? >> you know, trudeau is in a horrible place right

names such as halliburton, noble, conoco all of which are up about 4%.'s just take some winners this month because they're easy to find. looking at twitter, tesla, netflix. so many of these names we know are up between 15 and 30% including the parents of the fox business network, 21st century fox. good month for june for some of the good ones. back to you. trish: president trump is going to be addressing our nation on this immigration crisis. he's going to do so from the white house any minute now, and we are going to him just as soon as he starts. meanwhile, the european union's retaliatory tariffs on u.s. goods, they are going into full effect today. market doesn't care, we're up nearly 200. meanwhile, the white house is defending its steel and aluminum tariffs saying this is critical for national security. dr. sebastian gorka, he agrees with that. he'll tell us why we need to be so careful right now on trade. he's here next. metastatic breast cancer is relentless, but i'm relentless too. mbc doesn't take a day off, and neither will i. and i treat my m

among the names leading the energy sector to the downside, marathon oil, newfield explorations and conocohilips all 3 to 5% scott? >> thank you. >>> john, llbuish options moves in a stock up 22% this year. we'll do it next on the "halftime report." fidelity. open an account today. fidelity. the digital divide is splitting this country. we have parents who are trying to get their kids off of too much social media and computers, and then we have parents who would only hope their children have access. middle school is a really key transition point, right. the stakes start changing. students begin to really start thinking about their futures. what i like about verizon's approach is that it's not limited to just giving kids new tools, it's really about empowering educators to teach in different ways, and exposing kids to more active forms of learning. giving technology is not a total solution. teaching technology, now that is. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. >>> o

speaking to bloomberg, the chairman and ceo of conoco phillips said he is not a lot of the supply increase>> a dozen make up much of the geopolitical impact, or conversely, if demand were to go down, prices would fall. it will be a balance on the supplyemand side, but i don't worry too ch about the increase that opec has talked about. it is really getting back to where we are today. juliette: the foreign minister says the eu's biggest countries will block any attempts by the to block any trade issues with immigration curbs. president trump says that the supreme court's decision in favor of his ban of travel from several mostly muslim countries is a great victory for the constitution. in a 5-4 ruling, the court rejected the notion that the band that the ban exceeded the president's authority. agreedity of the court that the president has substantial power to regulate immigration. >> we just have to know who is coming here. the ruling shows that all the attacks from the media and democrat politicians, they are wrong and they turned out to be wrong what we are looking for as republicans, is s

one is with conoco phillips. only one out of the 14 is with anglo dutch shell.tween qatar the u.s., the partnership they have with us as companies, we are glad to have with us, is very solid. this partnership is really going 30'srvive until the mid-20 with the contract we have in place today, and we are growing. alix: so far, so good. thank you, saad sherida al kaabi , qatar petroleum ceo. we will be talking more energy with sharif suki, who basically started the u.s. lng world. g investors still liking it. we look at the businesses that are still left and what could be left to sell. this is bloomberg. ♪ ♪ david: ge shares are trading higher in the premarket after it announced plan to spin off its help your business and sell its stake in baker hughes. joining us now is charitable heart. it has been a long time coming but i guess we have the plan now? karen: yes. phase one was very unsatisfactory. might be thought there a phase two, and it's here and ask meaningful. understand they are selling 20% and then spinning the rest to ge shareholders. how much debt will

and they've lost the right to some of their infrastructure because of the arbitration loss to conocohey are -- finding themselves really -- you know on a ship without masks without sails and sailors and going to get worse much worse -- than it is today before it gets better. >> hard to see how it could get worse. john, thanks for joining us sir, always appreciate it. where are we on the big board down 40 points on this friday morning after 20 minutes worth of business. the department of justice dealing what might be the final blow to obama care, really? they say if the health care law is challenged in court they will not defend it i'm told that's a big deal. so we're getting the judge on the phone to sort it out. we'll be back. [music playing] (vo) from day one, we always came through for our customers. it's how we earned your trust. until... we lost it. today, we're renewing our commitment to you. fixing what went wrong. and ending product sales goals for branch bankers. so we can focus on your satisfaction. it's a new day at wells fargo. but it's a lot like our first day. wells far

the defendants are chevron, exxon, bp, shell, and conoco phillips. these funds will be used to pay for seawalls and other infrastructure needed to deal with sea level rise. we have some real risk that's going to require some billions and billions of dollars ofof investment by san francisco on infrastructure if we're going to stotop catastrophic l loss, o that's what we're looking at. a lot of our developments are occurring along the waterfront. our lawsuit is a part of that. i want to have this abatement fund t that has been creatated w to ensure that we can fund the infrastructure improvements that we're going to need to ensure that those developments go forward without the threat of sea level rise. scholl: politics s in san francisco is funny. there are a lot of really enlightened views. on the other hand, it's probably not enough to prevent the business community from making things even worse right on the waterfront. christensen: we're going to have to adapt. it's going to take that creativity and energy and capital. the question of how do we bala