i think there's plenty for investors here but names like conoco phillips trading above an 8% dividend yield on next year's numbers. i think there's a couple but i do think you're going to want to hear the calls and really how companies are thinking about the leading edge of demand and whether or not this is really changing the outlook if i may one of the silver lineings is any u.s. producer thinking about getting back after some growth next year will be thinking twice and i think that's the silver lining of the opec meetings. it is really important to a fundamental perspective. >> steve, thanks for joining us today. a pretty ugly session for crude. >> and dominic chu is standing by with a market flash >>> the s&p 500 financial sector, the worst performer or the second worst performer of the day. only energy, by the way, worse the bank stocks taking a hit as interest rates continue to fall to roughly five-month lows shares of jpmorgan chase, bank of america, citi group, the big ones lower on the day. it's the regional banks that are often considered more sensitive to a narrowing gap be

being able to look across the universe of stocks and say, gosh, conoco is going to throw 15% to 20% ofr at these oil prices ford has got really cool -- the combination of an ev/tesla play inside of a massive cyclical pent-up demand for old internal combustion cars and then move on to the low-risk stuff like the 10-year outlook microsoft has and their suite of product and nvidia high multiple. if we had 3% interest rates, that would be a problem, but not now. and their competition is so weak compared to the market they have so we get to look both cyclical, inflation and growth oriented here this is a rare opportunity >> there is some business tax deduction that encourages people to go out and buy pickup trucks even if they don't need one. there's demand from ford for the traditional f-150, the all electric one, for whatever it wants to introduce thanks, jerry. >>> still ahead -- kimco realty is reporting a faster than expected improving occupancy rate and hiked its 2021 outlook. the shares are up nearly 4% today and 43% so far this year the ceo joins us next. >>> you can catch this show

are looking at above $77 on crude, providing a benefit to the energy stocks, including exxon mobil, conoco shale companies doing well. the idea is that if opec puts a floor underneath prices, that will be good for everyone else. american air express getting the upgraded goldman sachs. those shares higher by about 2.5%. you want to know why? virgin galactic come i am told they are going to blast richard branson up to space in about five days time. those shares have been down about .5% over the last four days -- about 25% over the last four days. tom: let's get the calendar right. bezos is going up july 20. he's going to go up, enjoy space, come down. is it rude of me to say that mr. branson is frontrunning mr. bezos? romaine: well, mr. branson's scheduled flight was after bezos , but now it is this coming sunday, so there does appear to be a little bit of one-upsmanship among the two, two of the richest people out there. matt: i have to say come in either one of them is going into orbit, nor are they getting out. so what is the deal? romaine: i believe they will stay strapped in. but it is

oil and gas companies, exxon, c conoco, chevron, household names that took a hard hit for all the negativity we're seeing, a lot of companies that benefited during the covid pandemic, the stay-at-home stocks, the ones that we turn to, in the event we couldn't leave our homes. we exercise at home, peloton shares were higher today, you take a look at the other ones, docusign for electronic signatures, one to watch as well this has been a huge market move for sure >> dom, we've seen these sell-offs before, only for the markets to rebound just as quickly as they fell is this another blip or something different? >> so a lot of traders are looking at some of the trends in the market right now over the past year, we've seen a number, maybe ahalf dozen or s times in the market dipped significantly. two times it dipped around 9% or 10% from the highs we saw at the time and a handful of other times it dipped about 4% each time as you pointed out the markets rebounded. this time around, we are just about at those levels over the past year, shep, where the market has sold off and bounced again. i wish i

it's ready to go oil is at 73, and unless the saudis turn on the spigot, you have a piece like the conoco piece this morning, and it basically says, hey, oil is back. >> we had a guest yesterday who argued that even though energy was the best performer, it's got a lot more to go for the rest of this year. it's still underappreciated perhaps. >> i think so, so i come back, carl, and i say, look, don't get bored with a rally just because it's quiet, don't ever short a bull market look at that. >> by the way, some of the gainers there, oil is going to be a story especially today as we're looking for headlines about production cuts. nothing official, there have been sources saying maybe they're looking at 2 million barrels per day between august and december, jim, but you know, near 76, we're a dollar away from a seven-year high now on crude. >> i know, rbn is my favorite in terms of go-to very typical of what's happening. you know, the alaska -- alaska used to be what we thought could beat opec, and it's just been going down, down, down there is a lot of oil in alaska, but -- and i know that