very loudly to one of the other passengers on the train and he mentioned that he had worked at conoco phillips as an oil trader on the floor and he said when oil went to one hundred forty seven all of the actual real legitimate hedgers in oil traders were looking around just in total shock how how would it be even better over ninety dollars because they said there was so much supply there was an even anywhere left to store or oil and he said well we knew it was the banks it wasn't us because nobody i knew who was an oil trader who actually needed it what it would dare enter at this price and he mentioned in particular j.p. morgan chase covering losses elsewhere now these are just assumptions and allegations but i was unaware that j.p. morgan even had anything to do that that they were a big player in the markets i assumed when he was saying the banks he was in say goldman sachs and said he said j.p. morgan so i went to google and i said j.p. morgan oil trading comes up headline that was not covered by anybody but the chicago tribune j.p. morgan fined for wash trades and oil. and gasoline so ma

news chopper 2 is coming up on the conoco phillips refinery. think we do have it there it is on vaca on the control room. so, contracosta hazardous materials crews told us about a report of a leak and strong odors at the conoco phillips oil rephenery in rodeo. this morning this was reported at about 8:00. and we are trying to find out more. it's a rotten egg typo dore is what people told -- odor -- type odor what people told us. let's go to steve. >> thank you. the fog is going down the coast getting chewed up by a northerly breeze which is starting in the higher elevations and not at surface but we expect it to come in. temperatures warming up sunny for most and temperatures starting off this morning rather cool with a lot of upper 40s low 50s. but a system slicing by washing out over us a few high clouds is about it. u.s. open looks great weather. i mean a foggy cold yesterday morning but good to go for sunshine today and warmer temps. north and east bay hills fire watch red flag warning. 40 plus maybe 50 in some of the higher peeks but humid

cu ---mientras que en la refineria "conoco phillips" en la ciudad de "rodeo" al este de la bahia muchos y ardor en los ojos luego que un tanque de petroleo se agrietara. take vo ---las autoridades de salud del condado de contra costa efectuaron un analisis del aire y determinaron que los niveles de gas en el ambiente no representaba n peligro para los residentes. ---trabajadores de la petrolera dijeron que el tanque de donde se escapaba el gas, estaba vacio. top vo ---tremendo susto que se llevaron los residentes de un complejo de apartamentos en san jose esta madrugada cuando los bomberos le ordenaran que evacuaran sus casas. ---todo debido a que un auto choc contra un valvula de gas a eso de la 1:30 de la maÑana provocando un escape en "branham lane" esto es entre el 101 y monterey road. ---equipos de pg&e tardaron unas 2 horas en reparar los daÑos y los residentes lograron regresar a sus casas a eso de las 5 de la maÑana. cu ---autoridades del este de la bahia continuan la busqueda de 3 personas... take vo ...que fueron vistas cerca de la obra en construccion del oeste de oakland, ju

i'm buying more conoco phillips here. ng the spinoff of phillips itself, and now phillips is gone, so really it is just called conoco and it is all upstream, and the stock is ridiculously cheap. we are redeploying the capital from the phillips spinoff sale into cop. now it's a pure play. stock is 5.7 times earnings. the industry average is eight times earnings. and this thing is historical priced at ten. you are getting something cheap here. almost all of thes is a sets in north america. 5% dividend yield while you wait. warren buffett owns 20% of the company here. >> josh, thank you so much. coming up next on "halftime" mitt romney is next after this short break. >>> welcome back to "the halftime report." the presumptive republican presidential nominee governor mitt romney is here from california. governor, good to have you with us. good morning. >> good morning. it is very bad news for middle-class families in america. >> someone pointed out this morning the white house response has been these problems are long in the ma

cu ---mientras que en la refineria "conoco phillips" en la ciudad de "rodeo" al este de la bahia muchosjaron de presentar nauseas y ardor en los ojos luego que un tanque de petroleo se agrietara... take vo ---las autoridades de salud de contra costa efectuaron un analisis del aire y determinaron que los niveles de gas en el ambiente no representaban peligro para los residentes... ---trabajadores de la petrolera dijeron que el tanque de donde se escapaba el gas estaba vacio. cu ---la policia de santa rosa capturo a jose alberto rojo el hombre sospechoso de secuestrar a sus tres hijas y que ayer provoco que las autoridades activaran una alerta amber... take vo ---las niÑas de 3,5 y 7 aÑos se encuentran sanas y salvas luego que ayer rojo las entregara a un familiar... ---el sospechoso que ahora enfrenta cargos de secuestro y por no acatar una orden de restriccion, fue detenido la tarde de ayer sin que opusiera resistencia. cu ---autoridades del este de la bahia continuan la busqueda de tres personas take vo ---que fueron vistas cerca de la obra en construccion del oeste de oakland justo an

dozens of employee appear to be sickened after a water tank leak at conoco phillips. >> reporter: this morning officials got calls from residents saying there is a noxious smell and some were getting upset that that they called officials. there's some sort of -- the smell is being released from tanks at the local conoco fill license refinery plant. let me show you what -- officials are doing now. you can see this driving on the i-80. they are spraying water on one of those tanks. the smell is being released from that tank. what officials are trying to do is spray water on with it an add add ingredient that is going to act -- added ingredient that is going to act as a fog so it does not release further. we did shoot pictures of the plant the front entrance where this is all going on. at the moment, this is what we are trying to do as a strategy of preventing that smell from releasing further. at this point, we do not know there is anybody isn't to the hospital because of the problem. just a few minutes ago we talked to officials with the contra costa haz-mat team. >> we are monitoring i

dozens of employee appear to be sickened after a water tank leak at conoco phillips. >> reporter: this morning officials got calls from residents saying there is a noxious smell and some were getting upset that that they called officials. there's some sort of -- the smell is being released from tanks at the local conoco fill license refinery plant. let me show you what -- officials are doing now. you can see this driving on the i-80. they are spraying water on one of those tanks. the smell is being released from that tank. what officials are trying to do is spray water on with it an add add ingredient that is going to act -- added ingredient that is going to act as a fog so it does not release further. we did shoot pictures of the plant the front entrance where this is all going on. at the moment, this is what we are trying to do as a strategy of preventing that smell from releasing further. at this point, we do not know there is anybody isn't to the hospital because of the problem. just a few minutes ago we talked to officials with the contra costa haz-mat team. >> we are monitoring i

kraft foods, conoco-phillips and mcgraw hill-- three companies that will soon be six, as they each separate their businesses into two different companies, a path news corp is now thinking about. for news corp, the split would put its newspapers, like "the wall street journal" and "new york post," into one company, and its so-called entertainment units-- fox television, cable and movies-- into another. >> this would shine a brighter light on the entertainment assets, which have a lot of good growth potential, both domestically and overseas. >> tom: a split like the one news corp chairman rupert murdoch confirms he is considering usually is seen as an effort to cleave apart businesses with different profit growth potentials. in this case, newspapers are seen as slower growing, compared to news corp's fox properties. the company's newspaper operations in the u.k. have come under intense scrutiny since last summer's phone hacking scandal, leading to government hearings and charges against former top news corp executive rebekah brooks. viacom had the same break-up strategy in 2005 when it separa

haz-mat officials say a leak of sour water at a conoco phillips refinery was sealed off yesterday first reported friday and caused a smell so noxious 10 people suffered respiratory and throat irritation and nausea officials say the levels were not dangerous they are still investigating what triggered the leak. i drove by friday morning when it was just starring it was intense even inside a car with -- closed windows. >>> ugh! outside now, thick fog not going to stick around. >> marine la ha smell hopefully. >> -- >> a lot of humidity, good morning we are looking at plenty of low clouds and fog this morning not reaping east bay valleys in the south bay and you are -- not reaching east bay valleys in the south bay we are looking for clouds to clear. numbers be low normal for this afternoon. 59 mountain view, mist and drizzle peninsula to the north bay and the city 24 hour temperature change as much as 13° cooler in live more, 10 in san jose, weak system to our north is allowing for the low clouds and fog to be generous the next couple of days. we will look for the cooler air with the sea

haz-mat officials say a leak of sour water at a conoco phillips refinery was sealed yesterday.he lead -- the leak was first reported friday morning and caused a smell so noxious 10 people suffered respiratory and throat irritation and nausea. officials say the levels were not dangerous they are still investigating what triggered that leak. >>> movable barrier in use on the new doyle drive it will be a year before computers see it on the golden gate bridge the median separates traffic in the tunnel and bypass approaching it. officials say it is a huge safety improvement the thin rubber tubes that workers placed on the bridge everyday will continue until the end of 2013. bridge officials say they have the money for the 267 1/2 million dollar median but planning will take -- 36 1/2 million dollar median, but planning will take time. >> the transportation commission hopes to fill a 17 million dollar budget gap through better parking enforcement, revenue from fine is expected to add 6.5 million dollars over the next two years. increased revenue from taxi medallions will bring in est

conoco phillips, was one. >> matt, let me get to you, you think a split would be a bonanza for the companyobviously are quite keen on this stock. what do you think each part would be worth? what do you reckon? >> i think that right now the market almost perceives that the print business is a call on the entertainment and cable business. there is really no value. i also think when you strip out of the u.k. and the newspaper press, it helps depoliticize news corp, they're very tied up, and the overall uk political situation. so i think this is a political that would really be positive if you would, and the stock is, i think, considerably under valued. i think it should be in the high 20s. >> do you see more coming down the pike in any industry, matt? >> i think there are things happening that are interesting as well, but not quite on this scale. >> bob, what do you think? >> there are plenty more to come. we're working on a lot of them. some completely independent of news corp will be announced on thursday. >> what about rim, can i ask your speculation on that? >> there's a lot of different

my husband wants to buy conoco-phillips. >> i bless it. almost a 5% yield.re than 3.5%, 4% is a good buy. big natural gas business and it's bottomed. i'm okay with buying cop. and that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. last? forty-five minutes? an hour? well... listen. 5-hour energy lasts a whole lot of hours. take one in the afternoon, and you'll feel alert and energized 'til the cows come home. it's packed with b-vitamins and nutrients to make it last. so what's it going to be, partner? 5-hour energy. wise choice. 5-hour energy. hours and hours of energy. ♪ [ ping! ] [ ping! ping! ] that's why i use new tampax radiant. it helps keep my period invisible, combing tampax's best-ever leak protection with a revolutionary resealable wrapper so all they'll see is me. [ ping! ] ♪ hi. totally new, awesomely-invisible tampax radiant. check out the whole radiant collection. >>> i have to catch up on homework now. it builds up. first on monday kenny in new jersey

the leak happened at the conoco phillips refinery in rodeo. john fowler is live there now with why this situation isn't over there yet, john. >> reporter: that's right ken, we're right at the edge of the refinery and there's no smell and we can't see the leak from here. the reason we can't smell it is because the winds as bill said out of the west blowing this fume away from rodeo toward the north and east. >> reporter: the refinery is just west of highway 80 in rodeo at 7:30 this morning this so called sour water tank ruptured. company officials say hydrogen gas started leaking out. people in the town of crockett got the worse of it. swimmers were sent home from the community pool. >> it's a really bad smell, it's irritating like my smelling. >> reporter: 10 people reported serious illness and it continues. >> now it's not as bad. i've gotten used to it. >> people can definitely feel nauseous with these odors, they can get headaches and even stinging eyes. >> reporter: randy sauer says people who smell it and have respiratory problems should

conoco phillips says they are working to fix it. >> strong reaction after stunning announcement from the president today on immigration. >> it is the right thing to do. many we are better nation than one that expels innocent young kids. >> it's no coincidence this sweeping policy change announced less than 5 months before a presidential election. >> give the opportunity to continue working. continue in law school. >>reporter: starting today young illegal immigrants brought to the u.s. when they were under 16 will not be deported under these condition conditions. they have lived continuously in the country for the past 5 years. or they have attended or have xwrad wait from school or have been honorably discharged from the military. as you heard those who want reform are delighted but republicans are pouncing. including presidential candidate mitt romney. of mark matthews tonight with new policy and the reaction to it. >>reporter: president said it makes no sense to expel talented young people from the country. even as he spoke undumented students occupied obama campaign office around

my husband wants to buy conoco-phillips. >> i bless it. almost a 5% yield.than 3.5%, 4% is a good buy. big natural gas business and it's bottomed. i'm okay with buying cop. and that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. a farewell long awaited. goodnight, stuffy. goodnight, outdated. goodnight old luxury and all of your wares. goodnight bygones everywhere. [ engine turns over ] good morning, illumination. good morning, innovation. good morning unequaled inspirat

. >> about this time yesterday, a tank ruptured at the conoco phillips refinery. they were spraying water on the tank to stop the flow of hydrogen sulfide gas in to the air. it is not harmful in small doses but let's off a rotten egg smell which can cause nausea and headaches. >> it goes off right away. >> people with respiratory problems are advised to stay indoors. a company says it regrets any problems the leak may have caused in the area. >> the $92 billion spending plan is still a work in progress. the legislature quickly passed several bills to beat a deadline last night, but there is no agreement with the governor. >> this plan is yet another smoke in mirrors, imbalanced fraud. >> we're going to ask the controller and the treasurer also of california to take a look at the budgets at any time before the governor would get ahold of it for signature and see if it's truly balanced. >> there's clearly some uncertainty with the budget proposal. here's a quick look at the budget. includes cuts to courts and various state departments. the budget relies on the new r

breaking news in contrast costa county where hazmat crews are responding to a strong odor near the conoco phillips area's kristy smith is joining us there live. kristy? >> reporter: good morning to you. four student protesters have taken over president obama's campaign office here in downtown oakland. they are wearing a t-shirt that says "i am undocumented." they are now awaiting news from the obama administration this morning that it will stop deporting young undocumented immigrants if they meet certain requirements. and it could be a step toward the dream act, which is not enacted but created path toward citizen ship for certain people. a spokesperson for the group this morning says they have been let down before. >> we will believe it when we see it. and so until that happens, the young people in this office and in offices across the country will continue to stay in the offices. >> reporter: now we have not seen any campaign workers come in at all and the demonstrators say if obama's plan does not go far enough, they plan to stay put. reporting live in oakland, kristy smith, "today in the bay."

paid no attention to the colville until after conoco phillips filed an application for the bridge and shortly after that application, e.p.a. declared it was an aquatic resource of national of national importance and stopped the production for nearly a decade before approval of this simple bridge and pipeline. what the obama administration says and what the administration does to promote energy development in alaska are entirely two different things. those two things that i more markey: i yield myself the balance of my time. i don't have a problem debating this issue, but i think it should be done in an appropriate way. it overturns an e.p.a. decision of some significance. and i urge a no vote and yield back the balance of my time. the chair: the gentleman yields back. the gentleman from washington. mr. hastings: i yield myself the balance of the time. the chair: the gentleman is recognized. mr. hastings: just briefly, there are technical amendments in here which i acknowledge and which the gentleman did acknowledge but there are two substantive changes and the gentleman acknowledged b

dunham lives in houston and had the bulk of his career or at least the most important chapter at conoco phillips and ceo. he's been retired for a number of years. still on a couple of boards. union pacific, louisiana pacifipacifi pacific. he was just reelected to those positions. he plans to stay on those boards. the other board member is interesting. they appear to be fairly independent as well. a fellow, brad martin from sacs incorporated. obviously the retail world. different. might bring interesting perspective though not the energy background. bob alexander, founder of energy corporation, interestingly has ties to sand ridge energy in the sense he sold -- i'm looking at the release. chairman and ceo of national energy group from 1998 until it was sold in 2006 to sand ridge energy. sand ridge now owned by tom ward, co-founder of chesapeake. that's not necessarily to say that there's too much overlap. but there are obviously a lot of deep connections, you guys, in the energy world. it's very hard, i think, to find directors or executives with relevant energy experience who haven't had some fi

---el incidente se registÓ ayer por la maÑana en la refineÍa "conoco-phillips", donde un deÓsito de aguae se rompio y libero