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 of investment by san francisco on infrastructure if we're going to stop catastrophic loss, so 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 tt has been created now 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 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 balance that ec

at conoco, three troops suffered minor injuries.r evaluation, the other has returned to duty. the u.s. carries out strikes on vehicles and rocket launchers earlier this morning. so this has escalated quickly. the pentagon says their assessment is four iranian backed militants were killed in the u.s. strikes. but for now, for now the assessment is that u.s. official says the u.s. has reestablished deterrence for now. >> the timing of all this is interesting, these iranian-backed fighters, they're targeting u.s. troops right at the same time that the u.s. and western allies are trying to negotiate reviving a nuclear deal with iran. is that a factor in how service members from the u.s. respond to these attacks? >> so the u.s., the administration have tried to make it clear it views these as two separate issues. there's the question about negotiations around the nuclear deal and it will deal with that separately from what's happening in syria, dealing with each by its own standards. the pentagon has made clear it views iran as responsib

if you talk about how we allocated into the etf cowz, talk about free cash flow yields with devon, conoco, exxon. so i think investors will continue to come back to the space. i think the fiscal discipline has been really strong and people are feeling they won't get burned, like they had previously when the energy companies had spent a lot of money. but, i will say this i think it's really hard to be bullish on energy and think energy prices are going to go higher and these companies are going to run i also think tech and the s&p will race back to their all-time high joe said it earlier and i thought he was so spot on. he said energy is down and tech is up. so i think while inflation is really high, as a trader i think you have to be cautious there because i don't think you're going to get a meaningful move in tech, the s&p and energy at the same time. energy to me is the biggest wild card because of what we have in the back half of the year between winter, december 5th and the russians but i think it will struggle with the market and kind of be a hedge or contra indicator to what tech an

conoco, paramount, they do really well. nobody wants to buy. paramount.best he can you know, he v its's kind of like "star trek," giving its all he's got >> quite apropos their franchise. >> absolutely. in the earlier show on "squawk" they love to talk about "top gun. that's all i have to say about that >> 43 million subs little by little >> but why is it moving? >> because there's worries about ad spend, obviously. >> why does hulu have constant ads? >> do they >> i can read a book watching a hulu program i read a book. i get the book done. >> you don't pay for the ad-free service. >> i should. but i wanted to finish "war and peace. >> disney will be coming on the way. we'll wait for those numbers >> disney, which my charitable trust owns, has been horrendous. i always like to point out when something is really horrible, but the stock has made a big move >> almost 20 buckings. >> a very big move i think the theme parks are great. paramount's theme parks not so good netflix's theme parks awful. >> yes as you said before flatish action on the index, though

>>> conoco phillips is reporting, and as you might imagine, above expectations.e color on this $91, the yearly high is $124, not back to that yet, 391 a share. the consensus estimate was $3.80, it also announced a $5 billion increase in the amount of capital it plans to return to shareholder this is year it's got some production, normal, ordinary dividend of 46 cents. just looking to see, you know, that's a lot of money getting back to shareholders of the makes you wind howonder how the divvying up the remaining money. >>> eli little eylly reporting time ago it's down about 4% after a lowering guidance. and andrew, it's interesting, because some of their drugs are already capped that's why they missed so david rick, the ceo, is going to join us and will have interesting comments about capping drug prices. let's get a check on the market before we go to break. they're in the green "sawbo wl rhtac quk x"ilbeig bk. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers q