morgan brennan takes a look. >> conoco philips slashed its quarterly give vend by two-thirds. yeo ryan lance called a "gut-wrenching decision." the largest u.s. independent producer conoco is the first major oil company to cult. while the yield had soared to 8% the move came faster than many on the street anticipated. the reason stocks sank in today's traiting. at a time when oil majors like exxonmobil, chevron, bp, and royal dutch shell continued to defend dividends conoco's move could be seen as harbinger of more cuts to come if crude stays this low and credit markets tighten. it comes down to the cash pile, whether a company can pay shareholders bout borrowing to do so. >> it goes to the point, cash is king in this market. anything you can do to conserve cash and ride this out, the better position you're going to be. >> conoco had dramatically cut capital spending, something it did again today as well. but with crude at $30 a barrel, management felt that wasn't enough to address the shortfall. some analysts worry royal dutch shell could be next, despite company comments to

. >>> conoco philips slashing the dividends. we have got the five stocks with 4% dividend yield that are up on the year. we've got the names when "fast money" returns. there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter investors will always be. advisor and team who understand where you come from. we didn't really have anything, you know. but, we made do. vo: know you can craft an investment plan as strong as your values. al, how you doing. hey, mr. hamilton. vo: know that together you can establish a meaningful legacy. with the guidance and support of your dedicated pnc wealth management team. >>> welcome back to "fast money." deckers outdoor, the maker of uggs reporting disappointing earnings. warm weather and weak store traffic across

markets today watching earnings from conoco philips and the weekly jobless claims at 8:30 a.m. eastern. on thursday the dow climbing 183 points and the nasdaq down 12 to 4504. shares of go pro fell in after hours trading after the company reported earnings, revenues and guidance that missed analyst expectations. stock down more than 40% this year as the company struggled with the launch of its newest camera which has already seen two price cuts since its release last july. >>> meanwhile, the impact of faulty tacata airbag s announc brings the total to more than .5 million vehicles in the u.s. recalled as a result of the takata airbags that can be deadly. >>> from the san francisco 49ers directed at the girl scouts. the team is apologizing on delivering a sweet treat. the girls signed to host a sleepover at levi stadium. they had to sell 50 cases of cookies over the next month. but this week the team canceled saying they booked a concert for the night of the sleepover. they double booked. n more than 1,200 girls were expected to attend the event in may. >> they were going to run