conoco calculations global super major british petroleum posted a 41 percent year over year drop in net profit for q 3. a 41 percent year over year drop in net profit for q 3 b.p. also cited what they say are onetime asterisks on q three's report as reasons to list also cited what they say are onetime asterisks on q 3 report as reasons to list underlying replacement cost profit of $2.00 bill point $3000000000.00 in place underlying replacement cost profit of $2.00 bill point $3000000000.00 in place of the usual net profit that more conventional figure was even lower at a flat to bill of the usual net profit that more conventional figure was even lower at a flat $2000000000.00 and the largest remaining coal company in the united states is now down and out in dollars and the largest remaining coal company in the united states is now down and out as murray energy files for bankruptcy protections the manner of climate killing as murray energy files for bankruptcy protections the manner of climate killing coal publicly struggled to pay its bills earlier this month even after a restructur

we've got one of each to report today conoco phillips reportedly the largest independent exploratory energy firm on earth gets the day's good news with an expert independent exploratory energy firm on earth gets the day's good news with an expectations beating 3rd quarter earnings report earnings were $3100000000.00 at ations beating 3rd quarter earnings report earnings were 3 point $1000000000.00 adding up to earnings per share of $2.74 conoco posted that figure to spin up to earnings per share of $2.74 conoco posted that figure despite an 18 percent fall in oil prices and conoco calculations global supine an 18 percent fall in oil prices and conoco calculations global super major british petroleum posted a 41 percent year over year drought or major british petroleum posted a 41 percent year over year drop in net profit for q 3 b.p. also cited what they say are onetime asterisks up in net profit for q 3 b.p. also cited what they say are onetime asterisks on q 3 report as reasons to list underlying replacement cost profit of $1.00 cute reason report as reasons to list underlying repl

task we have been given is to secure continually down along the tri- part area and to secure the conoco oilfields. that is in the vicinity of the euphrates river valley and the purpose to secure those is to deny access to isis in order to prevent isis from resurgence because we have committed to the counter isis campaign. >> as i consistent with what you want to do in the oilfields? are they denying access to prevent russian or syrian force forces. >> the short answer is yes. in that case because we do have access to resources in order for the prisons for their own troops and assist us with the isis mission. that is our mission. >> general milley president trump said yesterday he was begging and crying before he died can you elaborate quick. >> the secretary was asked the same question. i know the president had planned i assume that was topped directly to the unit but i don't know. >> i have not talked to unit members i've talked to commanders and centcom the commander said there was one part of the raid talking about the intelligence provided can you confirm those details? also with th

the military task that we've been given is to secure, continue to secure etent and secure the conoco oil fields. the fundamental purpose of securing those oil fields is deny those oil fields access to isis to prevent isis from fromresurgence. i'll let the secretary talk about that. >> is that within what you want to do in the oil fields. does that include deny access preventing russian or syrian forces, which now changed the battlefield. >> the short answer yes it yes it does. in order to guard the prisons, in order to arm their own troops. in order to assist us with the defeat isis mission. that's our mission is to secure the oil fields. >> general milley, president trump described yesterday baghdadi was screaming and crying before he died. can you elaborate or confirm? >> secretary was asked same question yesterday. i know the president had planned to talk down to the unit and unit members. i don't know what the source of that was. i assume it was talking directly to the members. >> you haven't talk to members that described that to you? >> i have not talk to unit members. i talked

down along -- you know where that is, the triborder area, we'll continue to do that and secure the conoco oil fields. the purpose is to deny those oilfields access to isis in order to prevent isis from resurr resurgence. we don't want them to resurge, they get a lot of revenues from that. i'll let the secretary -- >> my specific question is within what you want to do in the oil fields, does that include denying access, preventing russian or syrian forces, which now have changed the battle space. >> the short answer is yes, it presently does. in that case we want to make sure sdf does have access to the resources in order to guard the prisons, in order to guard their own troops, in order to assist us with the defeat isis mission. that's our mission, to secure the oil fields. >> you just said you would deny russia and the regime -- >> general, president trump described yesterday baghdadi wi whimpering or crying when he died. can you elaborate? >> the secretary was asked the same question yesterday. i know the president had planned -- but i don't know what the source of that was. but i assum

secure, continue to secure the area along the triborder area we'll continue to do that and secure the conoco oilfields around the area. that's in the vicinity of the valley that you're familiar. with the fundamental purpose of securing those oilfields is to deny them access to isis in order to prevent isis from resurgence because we are still committed to the counterisis campaign and we don't want them to resurge. they get a lot of revenues from that but i'll let the secretary talk about that >> specific question is within what you want to do in the oilfields does that include denying access, preventing russian or syrian forces which now change the battle span? >> the short answer is yes it presently does. in that case we want to make sure s.d.f. does have access to resources in order to guard the prisons, in order to arm their own troops, in order to assist us with the defeat isis mission. so that's our mission is to secure the oilfields. >> you just said you'd deny russia and the regime. >> general, president trump described yesterday, baghdadi whimpering and crying before he died. can you

i don't know why he referred to it as the conoco oil fields. i don't know that's what the military uses, that will certainly raise eyebrows. what do you make of him calling it the conoco oil fields and the fact of the policy the u.s. is now going to secure these oil fields only for the use of sdf and perhaps even american oil companies? >> we have again is a president who does not generally listen to our intelligence personnel on r generals and does his own thing. so i have concern why that term to be quite frank with you. i want to make sure, though, what i'm concerned about are the national security of the american people. i want to make sure that those 12,000 isis members who were incarcerated and being held by the kurds are not now running free to reorganize and to try to galvanize and bring isis back. i want to make sure that the president, who just makes these decisions at the moment that has caused us to have this vacuum and putting and bringing russia and syria and turkey back into control, i want to make sure that we are focussed on a

should be taken off the streets of notting hill and since and we're talking about that conoco should be taken off the streets of notting hill and since and then we're talking about. the seventy's since then there is even today there is a systematic campaign there in the seventy's since then there is even to. today there is a systematic campaign that says that convo should not be on the streets of notting hill and so that's something again that says that convo should not be on the streets of notting hill and so that's something which even up until the end of his life doctors was attending meetings again which even up until the end of his life doctors was attending meetings against politicians and local councils he was saying it's too big for the streets and sed politicians and local councils he was saying it's too big for the streets we have to get out of the streets and put in the stadium because if something doesn't cost money it's not worth anything have to get out of the streets and put it in a stadium because if something doesn't cost money it's not worth anything actually i mean

drastically and then continue to move in the next moment, both men saw what was doing the pushing conoco shape head right there. and a giant a massive body inches away mcdaniels all the head of a great white shark. some 19 feet long clamp down on the kayak completely fraud i had my or up like this the primary thought on top of everything else was don't fall into water. other thoughts were oh my god, this is this thing is giant kraft book rap and then. >>i yelled at him for for him to hit it let go and then too and between the 2 of us and dropped and we didn't see it again they kept their paddles out of the water and held their breath baggage sure they found puncture marks and scratches and 2 giant shark teeth in the kayak. >>definitely son-in-law don't think took a full charge. i think it just kind of took a little nibble i'm grateful that up obviously that didn't get injured was in my time, i suppose. >>those see their huge 19 feet and that was just a little nibble holy moly that wraps up kron 4 news at 5. thank you for being with us this hour, we'll see you back here tonight for kron 4

conoco's tantalizing dividends.ny raise dividends to woo investors who were disillusioned by energy stocks and buybacks. a $2.6 billion historic blackout. pg&e cuts power to half a million people half a billion people in california, all to insulate itself from wildfire risk.

conoco rose 2% to $54.60. >>> dick's sporting goods is looking to hire up to 8,000 seasonal workers for the upcomi holiday season. next wee they wbe hosting the second annual national signing day. dick's hired ir5,000 employees that job event last year. shares were basically off more than 2% today to finish at $37.94. >>> the nba finds itself in the middle of a political crisis. one of the teams most popular with fans in china now finds itself in hot water all bause of one tweet. and as eric chemey reports, there are billions of dollars at stake for the league which has spent years growing a massive audience in that country. >> reporter: houston rockets generara manager tweeting on friday night an image saying fight for freedofrtand with hong kong. that led to an immense backlash from the chinese government and some of the nba's maj chinese partners. the nba releasing its own tweet calling the tweet regrettable while tillman fertitta disstatad himself. e fallout has put the relationship with chi on thin ice, a relationship that the league has been carefully nurturing for decades. the ch

conoco phillips has been invited. we have also invited a few others.ete to give us the best proposal, to show us an added value. we don't need the finances, we have the project fully running and we have the technical capability to do it. paul: that is qatar's energy minister speaking exclusively to bloomberg. a quick check on how markets are ,rading, not surprising everything weaker right now. a risk off kind of day, the 1%,ei off three quarters of same story in australia while in new zealand, the index is off 0.5%. equities ahead lower as the back-and-forth between china continues to escalate. travel bans being piled on top blacklist announced by the u.s. yesterday and trade talks due to begin later this week. still to come, turkey's military poised across the border into syria. what that means for the region and foreign policy. this is bloomberg. ♪ everyone uses their phone differently. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time

given is to secure -- continue to secure caf, which is down the tri-border area, and to secure the conoco oil fields in and around darzir. that's in and around the valley you're familiar with, and the purpose is to deny those assets to isis, and be don't want them to recommended. i'll let the secretary talk about instincts. >> does protecting the oil fields include russian forces which have changed the battlefield? >> yes, because in that case we want to make sure sdf does have access to the resources in order to guard the prisons, in order to arm their own troops, in order to assist us with the defeat isis. >> you just said you would deny russia and the regime? okay. >> general milley, president trump described yesterday baghdadi with hhimpering and cr before he died. can you confirm those details? >> i know the president had planned to talk to the unit members, but i don't know what the source was. i assume it was talking to ult members. i have -- >> last question. >> so the is the d.b. can you just talk about the overall picture in syria after the last few weeks? are there going to be

conoco's tantalizing dividends.aise dividends to woo investors who were disillusioned by energy stocks and buybacks. a $2.6 billion historic blackout. pg&e cuts power to half a million people half a billion people in california, all to insulate itself from wildfire risk. i am alix steel. welcome to bloomberg "commodities edge.

community to say to the college should be taken out of the streets for the whole community to say that conoco should be taken off the streets of notting hill and since and we're talking about. the seventy's since then and since and we're talking about. the seventy's since then there is even today there is a systematic campaign that says that convo should not be on the there is even today there is a systematic campaign that says that convo should not be on the streets of notting hill and so that's something which even up until the end of it's of notting hill and so that's something which even up until the end of his life does attend i've been down. because it was again dense in most politicians again can't just politicians and local councils he was saying it's too big for the streets we have to get out of the streets and put in a stadium as he was saying it's too big for the streets we have to get out of the streets and put in the stadium because this is something that doesn't cost money. worth anything thinking surely i mean. is there is there there for you out throughout partly because you.

fossil fuel giant conoco. the united nations is sending a team to chile to investigate allegations of human rights abuses against anti-government protesters following weeks of massive demonstrations nationwide over inequality, crippling wages, and the rising cost of health care and education. education. at least 18 people have been killed since protests erupted on october 19 amid mounting reports of brutality and torture by chilean authorities. in ecuador, indigenous rights activists say they have halted negotiations with president lenin moreno over the government's persecution of indigenous leader jaime vargas. vargas is the head of indigenous nationalities of ecuador, or conaie, the organization that led recent anti-austerity protests in ecuador. the massive anti-government protests werere ongoing for two weeks and ceased after president moreno and indigenous leaders struck a deal to cancel an austererity package pushed by te international monetary fund. bolivian president evo morales declared victory thursd

. >>> let's look at conoco phillips shares, up 2.6% after it raised its dividend by 38%. it announced a $3 billion buy-back program. the energy company's stock yield now at 3.1%. you know when you offer these kinds of yields, investors pile in because no matter what the market is doing, you get paid for waiting. at the moment, it is standing at $54.89. kind of struggled this year. the stock is down about 14% on investors' concerns its oil reserves are nowhere near as strong as its rivals. >>> all right. to what's become i guess the most popular guessing game on wall street. is there or is there not a recession on the horizon for the u.s. economy? consider this. goldman sachs this morning said it's too early to call an end to the equity bull market which is now 11 years old. that call mirrors citigroup's call last week, same thing. while manufacturing in september hit a decade low, the jobs market is still pretty robust. so here's what i want you guys to do. imagine for the moment that recession is not around the corner and that the investing road is wide and clear. to our

that you know what that is down on the tri border area will continue to do that and to secure the conoco oil fields in around here that is in the vicinity of the mill euphrates river valley that you're familiar with in the fundamental purpose of securing those oil fields is to deny those oil fields access to isis in order to prevent isis from resurgence because we are still committed to the counter isis campaign and we don't want them to resurge they get a lot of the revenues from that but all of the secretary talk about in states where it is within. the u.s. will retain control of the oil fields in syria it will partner with the u.s. the f. some of the details emerging here in this press conference between the u.s. secretary of defense and the chairman of the joint chiefs of staff detailing some of the incidents related to the operation to kill the leader of i so i will buckle baghdad the or we've heard both officials hell and praise the efficiency and capability of the united states military let's bring in kimberly halkett she joins us now live from washington d.c. so as i said kimberl

checking in on a mover in sydney, santos is rising 7.5% to a december 2014 hi, as conoco to sell.hasgreed santos will fund from existing cash and new debt. slips for ars, gold third session below 1500. 4%.crust is up a 6.6% drop from friday's close. shery: you can get the round up of the stories you need to know to get your day going in today's asian of daybreak. gough to your terminals -- to your terminals or the bloomberg cap. this is bloomberg. ♪ -- bloomberg cap. app. this is bloomberg. ♪ haidi: this is daybreak asia. i'm haidi stroud-watts in sydney. shery: i'm shery ahn in new york. president trump says it is ready to go with sanctions on turkey. he tweeted he is working with members of congress on powerful new measures should turkish off limit. we just heard from lindsey graham at saying the president agrees with a need for crackling -- crippling turkey sanctions. what could it be? >> what nz graham said and -- what lindsay graham said and he spoke to the president and it meshes what we heard from treasury secretary and he said the u.s. government could shut down all transacti

to fix problems that the leadership are finding in the field that were not being dealt with at the conoco logistics base better known as the marine corps combat development. >> one of the problems they discovered, one of the big problems that wasn't being delivered was a vehicle strong enough to withstand these explosive devices that were causing havoc with the lightly armored humvees, and this is a known problem. when he arrived there was a junkyard with hundreds and it was widely known and have been for quite some time people have been filing urgent requests for a better product and it was already out there. it was a highly armored and carefully designed against landmines and other explosive devices. the problem was its already on the shelf and you undercut these big defense contractors projects for building new armored vehicles and those are good money, a lot of money so you are threatening this money flow into other products and this is the wall jim with an enormous amount of guns and imagination and a little bit that they were able to break and able to get the word out that people ar

conoco also delivering solid numbers.his is bloomberg. ♪ alix: s&p off its record high, but the bulls are coming out. jp morgan says it could hit 3200 before the end of the year. also, maybe it's time to get into value encyclicals. with us -- value and cyclicals. with us is jeff kleintop of charles schwab. guest: i think what you want to buy in this market are what got us to all-time highs, value stocks. classic value sectors like financials, you may be underweight them in your portfolios, but growth stocks couldn't help but get there after 18 months, so these are stocks with lower valuations, but improving moment in. what we've noticed in back on the last 50 years is after yield curve inversions, we get a status take place. alix: but why now versus any other time in the last 10 years? one, i think growth stocks are a little tired. if you look at some of the sectors and the earnings expectations, they are quite high. whenever we go through a yield , wherenversion expectations are lowest, they bit.up a little that is the c

the government is so pro everything but conoco was able to raise the dividend, which i thought was surprisingidia, going to lead the s&p at the get go rbc, target to 217. >> gaming, remember this is a big position on my -- if you go back over what jensen huang said to me would happen, he's saying, look, we have data center, hiccup, data center is back. gaming, needs -- i've seen his game ad. couldn't tell whether it was real or whether it was gaming. that's how good these drawings are. if you're disney, you have no choice but to use nvidia chips if you're take 2 interactive, their developers use nvidia chips. look, i think lisa does a great job. she competes you got to use nvidia. that stock is going higher nvidia. >> i see it right there. it is going higher it is a true statement up 2.5%. and you keep talking about that mellanox deal. >> that deal is at the crossroads of the whole chinese -- mellanox is the outside -- the edge computing. it fits directly with what nvidia wants to do jensen huang says that deal will get done by year's end i think it is all up to the trade talks. the wholistic

stronger results in the fuel sales operations that includes the namesake gas stations as well as 76 and conocomarket volume. this on the heels of the earnings report last night we want to point out as of yesterday's close the online retail giant was already 13% below the record highs that it hit. you can see there back in september of last year if you tack on another 6% today we could be flirting with what some traders call, andrew, that bear market territory or 20% drop from its highs. back over to you guys. >> thank you for that. we're almost two years into the president's new tax law. while republicans continue to taut the president's new policy, some democrats in high tax states are feeling the salt being rubbed in their wounds joining us right now is our guest host ways and means ranking member, kevin brady is here new jersey con man and financial services committee, josh gotheim is here. thank you both. >> thank you. >> let's talk about the salt issue. you're living with it. >> it's killing us. >> you think it's killing -- this was your creation so -- >> it was. >> -- what are you going

as colonels, brigadier generals and two stars and 3 stars, he was at fort leavenworth and i was at conocoso had to write something and map out the chapters, our staff did it. the army will take these chapters in the marines these chapters and we meet like the senate and house of representatives. >> that worked so well. >> we could give them a lesson. and the most important thing in it to me was something called design. go back to einstein confronting a problem, how to save the earth and how to compose his thinking and allegedly they will save the world, 55 minutes defining the problem, save the world in 5 minutes of the marines defined the problem chapter, the campaign design chapter but for all of you as you go into these issues, in corporations or school districts or local community. wherever you are, take your time for a jesuit level of satisfaction. don't go charging into a war and pull the statue down in the capital and say now what do we do? that is not a good idea. you put the book out and think we learned a lot when we were there and put it out and change -- most of the cultural a