if there is a real drawdown, exxon will hold up really well.w beta stock, but it's a defensive stock by nature. we would stay in this trade. we like it. >> what about the next move according to you, mike? and is there a way to make even more cash on this trade? >> you know, one of the things that dan highlights all the time, you're in these positions, this was a stock that rallied. you could have taken a little money off the table but rolling it in into a spread or rolling up and out. which basic life means pushing out the expiration and buying a higher strike and buying some of those profits. if the stock rallies and i'm going to stay in this trade, that's probably what you should look to do? >> i don't like the trade. i will give you a freebie -- >> you didn't like it when we put it on either. >> i think it's up because of buffett got in back in february. that's why it had that huge rip. i would look for a play back to 95. you can look out to july. just spel spell it out real quickly. to me 95 would be a great level to press this thing back.

that's the case with carters exxon trade.od. >> wefully the ton is the to play exxon for some catch-up. >> all right, mike said let's do this. just buying the stock 100 shares yields $10,000. so to make a bullish bet. they bought the october 140u678 call for $3.50. that is the most he can lose. in order to make money, mike needs exxon shares to rise above the strike of that call by more than the cost of the trade or in this case above $103.50 by october expiration date. here's what makes it even better, even if some shares do rise, then that core will gain value faster than the stock, meaning more money in mike's pocket. >> do you get the picture? >> and exxon shares are up just fractionally, making this trade neither a winner nor a loser. >> i sympathize with you. >> reporter: with a ton of time left until expiration, "options action" finds from dallas to damascus are asking the same question, how can cohen carter make even more cash? dallas to da pass cuss, if only i wish it were so. let's get that answer in just a second.

three houses were so badly damaged exxon not them down. most sat empty. even after an accident, this could be a long shot. if you look at the polls, two thirds of americans do support the keystone pipeline, and that number hasn't budged. it seems you are a minority. >> i think this is a topic in which people don't understand what it is, and it is always presented as we do this or we do nothing. that's absolutely not true. we are not going to run the society without energy. it's just how you think about it. >> he says the biggest issue is how oil is recovered from the canadian countryside. 20% of the oil is mixed in sandy soil lying just beneath the surface. it is spun in centrifuges to separate the oil from the dirt. 80% is trapped hundreds of feet below solid rock. steam is injected to loosen the oil. it must then be mixed with chemicals to make it flow to the pipeline. this requires 70% more to extract than traditional oil. >> this is a gigantic mining operation in the middle of nowhere. they want to take production by 2025 and more than double it. >> y

do you still like exxon? >> you know, i do. and here is the interesting thing.basically where it is now. wee just now gotten above that high of seven years ago. so it has characteristic not only absolute but relative. if there is a real drawdown, exxon will hold up really well. it's a defensive stock by nature. we would stay in this trade. >> what about the next move according to you, mike? and is there a way to make even more cash on this trade? >> you know, one of the things that dan highlights all the time, you're in these positions, this was a stock that rallied. you could have taken a little money off the table but rolling it in into a spread or rolling up and out. if the stock rallies and i'm going to stay in this trade, that's probably what you should look to do? >> i don't like the trade. i will give you a freebie -- >> you didn't like it when we put it on either. >> i think it's up because of buffett got in back in february. that's why it had that huge rip. i would look for a play back to 95. you can look out to july. to me 95 would be a great level to

>> i say crew exxon, i am starts tsto sound like obama -- >> well you want sanctions, have you recognize >> if you want to hurt putin really bad, you have to take 2000 off dow. neil: could it come to that? >> i think so. neil: what do you think? oil is a big part of the dow it will hit us, hit us hard, but that is the way it should be. >> it is today oil companies have been doing okay, i am in the screw exxon camp as well, they put $600 million in this project with prospect of making hundreds of billions, other executives met with putin years ago when you sign this deal. you had to know who you were drinking with, if this goes by the way side that is their own fault, the russian ruble and economy is suffering bad enough with all that is going on, i am sure putin's buddies are not happy. neil: to make impact as onerous as you want. >> the corporations have their talents deep into this -- talons deep into this administration, charlie mentioned he sounded anti-obama, obama is pro corporation, he is hurting little guys and mid size guys but big guys have their claws in it, you have little --

they said buy exxon. no one got hurt buying exxon.e will ever get hurt buying exxon. >> one of the bigger stories of the morning from "the wall street journal," of course right in my area of some expertise, they report that an approach had been made from at&t to directv and the journal, with some sourcing here, saying one source says the approach came since comcast and time warner cable announced their deal. they also say unclear whether the companies are in detailed talks. another person who they say said, direct would be open to a deal. what i can tell you having spoken to a few people around this, there does appear to have been an approach made perhaps about a month ago, but i don't have much more to offer on details regarding the state of conversations then the journal does at this point. we can back away interest the story and provide analysis as to whether it makes sense or not and what at&t may be trying to achieve here. the company would not comment when i contacted them to ask them about this particular report this morning. l

>> today oil companies have been doing okay but i am in the screw exxon camp as well.ut with the prospect of making hundreds of billions. executives met with him years ago you had to know who you were drinking with. that goes for their own fall and by the way the russian economy is suffering bad enough. i am sure some of his buddies are not too happy. >> to make that as onerous as he wanted to be. >> but they have their talent steep isn't to mention that he sounds anti- obama obama is so big corporation he hurts the little guys. >> i told think anything. >> it will not affect russia at all a and he would get away with everything. neil: then that will limit how far they go. he is not an idiot. >> they are reliant on the natural gas but we could be tougher maybe 10 or 20 years ago by the way part of its list to rework in the country's. >> we control the financial system. neil: what are you saying? >> we have a guy in russia right now who wants to reestablish the soviet union >> if you take the ukraine no doubt will. >> this is a crony capitalist country that has bought o

three houses were so badly damaged, exxon knocked them down. most sat empty. even after an accident like the one in mayflower, defeating keystone could be a long shot for steyer. if you look at the polls, 2/3 of americans do support the keystone pipeline, and that number hasn't budged in the last two years. >> it really hasn't. >> seems like you're in a minority there. >> i think that this is a topic in which people, a, don't really understand what it is and b, it's always presented either we do this or we do nothing. that's absolutely not true. we are not going to run the society without energy. it's just a question of how we think about it. >> but keystone is just part of the problem. steyer says the bigger climate issue is how tar sands oil is recovered from the canadian countryside. 20% of the oil is mixed in sandy soil lying just below the surface and is strip mined and spun in centrifuges to separate the oil from the dirt. the remaining 80% is trapped hundreds of feet below solid rock. steam is injected underground to loosen the oil and it is pumped out.

>> well, for exxon it's going to be a big driver.rices have gone up quite substantially since the winter to $4.7 million btu. for conoco it's less important. for them it's more about the -- the oil basket that they get. we'll probably see an improvement there in terms of both margins and return on capital employed. >> yes. as you've said, they've had to shrink their production really to match the situation. we now -- are we now getting that in balance for the exploration or whatever? >> one of the things they need to refocus is on expiration. so far it's been about these huge developments, the cash against, all these very, very large developments that have not returned the type of production growth that they were supposed to. they're extremely complex and expensive projects. they need to move more into a better combination of expiration and development, not just a large project driven. that's what has been causing all these disappointments in the last years. >> what do we expect with dividends now? >> dividends have been increased, b

exxon, i think that is a new high for exxon. and it should be a new all-time high.record close on wednesday for the dow after the federal reserve signaled it is optimistic about prospects for the economy. what can we expect from the jobs number that comes out tomorrow? joining us now is james paulson, chief investment strategist. jim joins us today from los angeles. josh feinman at deutsche asset and wealth management in new york. we're both expecting you to give us some saturday, insightful comments. if you say it was all weather, we can send this right now. cash, is that what you think? that was not a i problem yesterday? everything is fine? >> well, you know, the weather had an impact. no question. larger than expected, in fact. other transitory factors. the sequential monthly data is starting to look a little bit better as q1 was ending. i think it will. friday's employment report will be on the big firm side. >> josh, consensus can be right? >> once in a while. >> is there anything more crowded than the field you're in right now with your opinion about, you kno

exxon produced slightly more oil than last year. but invested late in natural gas production and continues to pay the price. clorox, the maker of bleach -- reported 3% earnings growth --as it raised prices and cut costs. and, cereal sales at kellogs are slipping. and it's an ongoing issue as americans eat more yogurt, eggs and peanut butter. the company's earnings came in above analysts estimates while revenue and the forecast missed the mark. billionaire investor warren buffett could face a tough crowd this weekend...30,000 shareholders will attend berkshire's annual meeting in omaha, nebraska. the ablitiy of the oracle of omaha to beat the stock market may be called in to question. buffett has failed to beat the market in 4 of the past 5 years. it should be noted-- he wisely choose not to invest in internet stocks during the 90's and successfully avoided the dot com bomb! and, last year berkshire's profit rose more than 31% to $19 billion dollars. still to come: a trader takes a long shot on an oil company that's tricky to trade o

. >>> two oil companies raising their dividends, exxon mobil increasing to 69 cents a share, the movecontinues a 32-year record of upping the annual payout to shareholders. chevron's board raising the dividend by 7% to a buck seven a share and that, too, will be payable in june. exxon mobil up to 141, chevron fell just a bit. >>> wellpoint's first quarter profits drop 1% because of an increase in membership. why do profits drop? because there were higher administrative costs tied to the customer growth. but earnings beat estimates and the insurer raised the outlook for the year, sending shares up 5 and a half percent to $100.6. >>> and shares of weight watchers surge, trumping wall street estimates on both the top and bottom line. its guidance was also better than expected. shares jumped initially after the close up nearly 20%, by contrast, shares fell three and a half percent to $19.80 during the regular session. >>> it was the opposite story for jds, after the market closed the fiber optics component maker closed below estimates, the company lowered the estimates for the current qua

i like exxon mobile. i think bp is. see all three of these, not just breaking out and hitting new highs but exploding through those highs. when you look at where bp is trading as far as a pe, this is a stock with plenty of room to the upside. as people chase yields, i don't really look at the tenure as much as everybody else. obviously warren buffett talked about that today. it's not something he looks at every single day. people look at-year-ol yields. i think there's enough edge in there right now. >> time for pops and drops. down 4%, karen, game stop. >> i don't know. >> drop for pfizer, down 3%. >> big revenue. descent size revenue but the stocks should have been down an lot more and it wasn't. people still want to own pfizer. nice dividend. this is the one to buy. >> chipotle up 2%. pete. >> you can understand why. the stock has backed off 19% after this huge run that it had. one of those momo stocks. when you look at the cash flow and expansion possibilities, i think this name goes higher. >> a pop for sales force

exxon mobile is when value becomes expensive. i don't want to call it a value trap but people pushed into this name. the whole rotation. get into value stocks. at this point, this one is frothy. you never say exxon mobile, frothy but at this point it's overextend overextended. once the market goes back to normalcy. >> 2.7% dividend yield, guy. chicken little. >> so listen, it's up from 87.5. there's been a lot of talk around this name. oil has been doing well. this doesn't trade necessarily with oil all the time. i don't think there's anything wrong with taking a bit of profit. would i short exxon, probably not. i think that's a step too far. at 102, why not? >> karen. >> sadly looking at uri. this is a name that it's work. it's run up a lot. a lot of what the thesis was predicated on has happened in the stock, if not has happened in the world. part of that was on commercial construction improvening. it's improving a limit. hasn't improved dramatically yet. ahead of where people originally thought. all has been reflected in this

education foundation on behalf of exxon scientists, and...made possible by the annenberg/cpb project there is a mystery to this world around us, an idea so obvious we take it for granted, but so important that all chemistry starts from it. everything in our world exists in one of three states-- as a gas, a liquid, or a solid--

exxon's trading down today. these companies have a very tough time growing. and that's the biggest problem. they're value stocks because they can't get any oil out there. 4 million barrels a day, mandy, exxon produces. that's about 5% of the world's supply. and you know what? they lose about 5% to 8% of it a year. they have to replace it and they're having a hard time finding a replacement. who would have thought, value stocks for years and nobody's still very interested in them. back to you. >> who would have thought indeed. thank you very much, bob. >> in fact, not a lot of oil stocks at all higher today. with the exception of lynn energy, two of those are pipelines, by the way, everything else is down. all right. bob, thank you. well, you heard kate kelly bring you the news in "power lunch." hedge fund manager dan loeb saying things are starting to look a little bubbly, and it is going to be a stock picker's market more and more going forward. with that in mind, what are the best bets for your money? let's bring in chief market analyst at loomis sales and

it would be like calling exxon mobile and con independent. are they going to be limited? the so-called independents to serving the domestic market as they have clearly expanded their scope there or are the one ong one offs or do they pretend to something that is larger in the fuchl future that will be a real liberalization of the gas market and one could easily explain ong and the special relationships rather than the systemic change over the horizon. if you were to become more response to the changing global market it seems some changes would be necessary. and unbundling would allow better access to pipeline capacity by more producers than just a privileged few. you think about the associated gas that is flairred all over russia given supply isn't the issue. on ukraine it seems to me not only is ukraine currently relied upon for these half of gas problems exports to europe there is also a question of whether the availability of transit through ukraine allows gas prom to compete in a way that the expensive projects do not afford because they are expensive projects that ne

but it's easier to make the case for mo-mo guys to say i'm buying growth here versus buying an exxon mobile. >> where are you? >> i'm long twitter and long amazon. >> are you back in tesla? >> no. the way it popped off the 175 level, it doesn't give you a lot of chances to buy it again. >> i always come to the same issue, valuation of all the stocks. they're lower which is very, very different than being cheap. they're nowhere near attractively priced. not even close, just lower though. >> i think karen and beaks would say you can see these stocks move 6%, 7%, 8%. over the next couple days. if you're trading these things i think for the short term the remainder of this week i think there's room to the up side. i wouldn't fade netflix or linked or or twitterer. >> the level your looking at, 29.5. if it breaks that level, get out of it. no one says it can't go lower. once you start to stabilize as guy said. i don't believe the market is a buy overall. 1890 was the closing high and 1897 was the mid high. >> we have the old technology names. you have been in some of them, brian. >> yeah.

despite the worse crisis since the cold war they say its still business as usual for exxon in russia. >>> twitter, facebook, g mail each with its own passwords. if you think remembering all those passwords is a pain, you're not alone. you'll meet a man who has a password system that is immune to hackers. >> we can save for the future for the kids, and for our needs, too. >> investors like them, too. we'll tell you why, keep it here. >> every saturday join us for exclusive, revealing, and surprising talks with the most interesting people of our time. rosie perez >> i had to fight back, or else my ass was gonna get kicked... >> a tough childhood... >> there was a crying, there was a lot of laughter... >> finding her voice >> i was not a ham, i was ham & cheese... >> and turning it around... >> you don't have to let your circumstance dictate who you are as a person >> talk to al jazeera only on al jazeera america >> the list of technology companies effected by hackers, in response some companies have asked customers to change their passwords. for this discussion think of passwords like t

>> caller: exxon holder share meeting tomorrow.d in my money will be safe there long term and with these electric hybrid cars. you have the ceo of fee at chrysler saying don't buy my product. in the long term is oil and gas still going to be the product that we need and is all this alternative green energy just a joke? >> not a joke. i think the next 25, 30 years it will be a gasoline based world and exxon has a 50-year plan. they're not my favorite. i but they're a good company, a good balance sheet to buy back stock. as they told me at goldman sachs, no one got hurt. john in ohio. >>> a big boo-ya were to you from hey high. >> what's happening? >> caller: i recently got to invest earlier this year. one of may stocks i'm at is qed resources. bought in rate before march during the dip. and i noticed the estimates for revv new and earnings. kind of stag than around 30. kind of wonder. >> if you want rocky mountain, i'm going to send to you noble. noble is down because woodside petroleum walked away from their deal with the great lev

despite the worse crisis since the cold war they say its still business as usual for exxon in russia. >>> twitter, facebook, g mail each with its own passwords. if you think remembering all those passwords is a pain, you're not alone. you'll meet a man who has a password system that is immune to hackers. >> we can save for the future for the kids, and for our needs, too. >> investors like them, too. we'll tell you why, keep it here. real reporting that brings you the world. giving you a real global perspective like no other can. real reporting from around the world. this is what we do. al jazeera america. families ripped apart... >> racial profiling >> sometimes they ask questions... sometimes they just handcuff people... >> deporting dreams... destroying lives... >> this state is literally redefining what it means to be a criminal alien fault lines al jazeera america's hard hitting... >> they're locking the doors... >> ground breaking... >> we have to get out of here... >> truth seeking... award winning investigative documentary series fault lines the deported only on al jazeera amer

in march of 2013, 12,000 barrels spilled from an exxon mobile pipeline in arkansas.here are numerous reports of exxon fighting residents lawsuits and cutting off compensation to victims. some oil companies lack regard for worker's safety, you know, the guys on the job. we know the oil business is booming in the northern tooer. the oil fields of north dakota. there's a new study out finding workers in north dakota are being killed at five times the national rate. from 2007 to 2012, deaths rose from 25 to 65. meanwhile, death benefits by the state are simply offensive. there is a one-time death benefit of $1200, plus $400 for each child. funeral expenses are covered up to $6500, after that, orphans get, believe it or not, a maximum benefit of $15 a week. oil companies in north dakota, well, they need to keep workers safe. americans need to wake up and realize oil companies don't care about average americans or these kinds of things. it's the pr mop up. look at all the leaks around the country. this is why president obama needs to take a critical look at the keystone xl

>> tracy, summer driving up, exxon up. >> gary k.?strong, insiders buying even up here, 25% in the next year. >> joe? >> bear. >> john, your prediction? >> world politics keep old prices high. >> gary b., what do you think? >> struggling bear. >> jonas, what is your prediction? >> well, i can't use a tablet, doesn't have enough power, but the surface pro -- >> bull or bear? >> have a great weekend. neil is next. >>> it's all about tps food workers or unions just pulling a fast one on. good to have you. i am neil cavuto. it's time to kick mcdonald's buns out of the headquarters. charles payne, unions goating them into this and what do they want out of this? >> there is a whole lot of contracts out there, a whole lot of different unions whose

despite the worse crisis since the cold war they say its still business as usual for exxon in russia. >>> twitter, facebook, g mail each with its own passwords. if you think remembering all those passwords is a pain, you're not alone. you'll meet a man who has a password system that is immune to hackers. >> we can save for the future for the kids, and for our needs, too. >> investors like them, too. we'll tell you why, keep it here. >> al jazeera america presents the system with joe burlinger >> the dna testing shows that these are not his hairs >> unreliable forensics >> the problem the bureaus got is they fail, it's a big, big deal... >> convicted of unspeakable crimes did flawed lab work take away their freedom? >> i was 18 when i went in... when i came out i was 50... you don't get it back... >> shocking truths revealed >> the system with joe burlinger only on al jazeera america >> the list of technology companies effected by hackers, in response some companies have asked customers to change their passwords. for this discussion think of passwords like the keys you use to open the

exxon is 4 million barrels a day.> real quick, hold on. >> i'm going to vegas next week. you guys are the best. >> swing on buy and if you go broke at the cass noh i might help you out. have a great job. guy adami coming up with the rest of the "fast money" team at 5:00 p.m. and they also have a guest who said apple would buy beats back in apple. that was an april fool's joke, and he'll explain why he's still laughing now. don't muss that, and let's head over to meg with a quick market flash. >> just crossing the wire, positive clinic trial data from astrazeneca and am again meeting the end points of the first study in phase throw. that's the last phase of studies generally before you can apply for regulatory approval so getting positive data there. astrazeneca in its update on the sales goals for the next couple of years give a potential sales goal of 1.5 billion, very good news as they fight to fend off the $106 billion bid from phizer. kelly in. >> meg, thanks very much. 2% lower. been seven years since the housing

state owned oil industry the war in iraq was the best thing that ever happened for exxon mobil and chevron the biggest u.s. oil producers it took ten percent of the world's oil supply off the market for the sanctions or that's of the sanctions on iran are about syria's not a major oil producer but it is a potential route for iranian oil to reach the mediterranean basically war in the middle east whether it's the destruction of iraq or the. bombing of libya the sanctions on iran have served to keep prices high and restrict the doctor which is giving us a date this is a near that u.s. so-called energy self-sufficiency will lead to less u.s. overseas military involved the fact that the more. there's another when full american energy is foreign forces guess who has just landed a top job in the plane let's none other than the son of vice president joe biden has joined the board other guests for and they've just weeks off to his father professor and emotional bond with the authorities in kiev we've got the details after a break. well the language of what i will only react to situations i have re

state owned oil industry the war in iraq was the best thing that ever happened for exxon mobil and chevron the biggest us oil producers it took a like ten percent of the world's oil supply off the market that's why the sanctions or the rest of the sanctions on iran are about syria is not a major oil producer but it is a close friend. for iranian oil to reach the mediterranean basically war in the middle east whether it's the destruction of iraq or the bombing of libya the sanctions on iran have served to keep prices high and restrict the doctors which is what was given to us if they did isn't it that us so-called energy self-sufficiency will lead to less us overseas military involved the fact that we need to more. now there is another winner for american energy is foreign fortunes gas has just landed adopt a top job in ukraine now they're on the son of vice president joe biden has joined the board of a gas firm there just weeks after his father professed an emotional bond with the authorities in kiev we got the details after a short break. choose your language. of choice make it with zero

state owned oil industry the war in iraq was the best thing that ever happened for exxon mobil and chevron the biggest us oil producers it took ten percent of the world's oil supply off the market that's what the sanctions are about that's the sanctions in iran are about syria is not a major oil producer but it is a potential route for iranian oil to reach the mediterranean basically war in the middle east whether it's the destruction of iraq or the bombing of libya the sanctions on iran have served to keep prices high and restrict the direction that it is giving the u.s. a big it's a myth that u.s. so-called energy self-sufficiency will lead to less u.s. overseas military involvement in fact lead to more. there's another when a full american energy foreign fortune's guess who has just landed a top job in ukraine none other than the son of vice president joe biden who has joined the board of the guests for him they just weeks after his father professed an emotional bond with the authorities in kiev we've got the details just ahead. israel's accused of being underhand with an old friend aft

ed david is president of exxon research corporation and a white house science adviser. with respect to discovering more, geologists today believe that you can use tomographic techniques, which are similar to what is used in the catscanner for diagnosing disease, for searching in the earth for new deposits of material. there are many new exploration tools such as satellites. the impending exhaustion of energy and mineral supplies had been predicted before-- in 1908, 1944, 1952. by now many minerals should be extinct. none is. a major survival factor has been substitution between metals and between alternative forms of energy. such conservation will continue to prevent long-run shortages. besides, the earth's crust is 30 miles thick. we've barely scratched thsurfac no wonder the doomsayers have been proved wrong. it seems unlikely that economic growth will stop because of too many people, too much pollution, too few resources. yet worldwide,there ars between standards of living. in the next century, americans may accept lower growth rates as the rest of the world catches

>> exxon has 18,000 square miles of concessions in russia, the biggest outside of the united states.y definitely have a big partnership with russia. when you think about these relationships -- think about russia. you can swing the sword, threaten to swing the sword all the want. but 40% of their budget comes from the sale of oil and oil products. their exports in russia over $300 billion this year will come from the export of oil and oil products. they're not going to cut off their nose to spite their face. but keep in mind, we're talking about vladimir putin here. he's not been logical. i think he's pumping the gas in the moscow propaganda machine. i hope he becomes reasonable at some point. thus far these sanctions haven't scared him. he's cultivated these relations over decades. he's not going to blow this whole thing up and walk away. he'd be a fool to and their economy isn't doing well. >> but the fact that he's threatening to pull back on supply would suggest that maybe these sanctions are starting to bite here, john. i just wonder, that's his first salvo. but if there is a rus

rumsfeld's defense department has just recruited former exxon executive, gary vogler to plan for theinistration of iraq's oil sector, soon after the impending invasion. >> our mission was to repair, restore iraq's oil sector to the prewar level before we went in. and we got word in probably november that we needed to be ready by the middle of february. we took that to mean that we needed to be ready to go to war by the middle of february. >> according to vogler, he and a pentagon team traveled to houston, texas, to the epicenter of big oil to discuss their postinvasion plans for iraq's oil sector. the defense department team does not convene at a u.s. military base or even at a government building. they meet, instead, at this houston location, the offices of kbr, a subsidiary of the oil company, haliburton. part of the defense department's prewar planning for iraq's oil takes place in a halliburton subsidiary office in texas. a detail not known to the public before now. >> the bush administration had lots of contacts in houston in the sophisticated executive suites of the major u.s.

cheryl: you like names like exxon and catca. you like deere. you like larger names especially in the energy space? >> we're watching what the investment community is doing. we're watching where money is rotating to and away from clearly we're seeing rotation out of consumer. remember consumer has been the leader for the last four or five years in the cycle. they're moving away from that. so what we're starting to see a lot of rebirth in the energy sector which really was an underperformer for several years. that is really now just breaking out against broader markets. manufacturing, industrial that is a big story in this country. those stocks are really reflecting that. absolutely like the names. you look at name like -- go ahead. cheryl: we're looking whole foods. i want to keep the stock up. we're talking about something like exxon. four quarters with lower profit. a lot of cost-cutting which seems to be the theme. let's bring in adam shapiro with activision. what are you seeing in the number? >> their stock is trading up 4% on after-market.

look as exxon mobil, look at the way some of these major -- mcdonald's another great example, so we're seeing that move to the up side. i still like the big caps, but i think you have to be very, very selective within both sides. >> santelli, your take on the markets? >> i actually agree, once we get to the top of this range, all of a sudden we find all kinds of reasons and excuses, especially on a friday why we might not want to buy it. i feel it's reflective of this digestion phase we've been in, we're kind of churning through these levels. if you drew a point to right now, this kind of jobs number is precisely what you expected for four months. it's not so much been so much better than expected on a point to point basis, so that's i do think it's quite telling that the bond market refuses really to sell off, because it's not something that says runaway acceleration in the economy, and valuations are exactly compelling yet. >> i thought the bond market action was fascinating. especially when you take into consideration the tlt was going higher, doc, and then it continues to march hig

it is like calling exxon mobil and conoco phillips independents. they hope to be independent from gazprom but they are not independent from the classical oil and gas patch. are they going to be limited, ,hese so-called independents to serving the domestic market clearly expanded their scope there? are they one offs, or do they pretend at something that is larger in the future that will be a real realization of the gas market in russia? it as ad easily explain special relationships rather than the systemic change that is over the horizon. it will be interesting for you to see more about that. word to become more responsive to the changing global gas market, which you mentioned, it seems to me that some changes will be necessary. unbundling, which is kind of a four letter word for gas from -- four gazprom, would allow better access to pipeline capacity by more producers than just the privilege to full -- than just .he privileged few think of the gas over russia as a result of the structural ,igidity of the current system given that supply is not the

merck, exxon and mastercard came in ahead. sales rose by 8% to a rate of more than 16 million vehicles. gm was up 7%. ford was down 1%. chrysler was up by 14% and toyota, up by 13%. one of the big themes here at the shareholders meeting is always value investing. looking for equities that trade below their value. joining us now are two of the best known value investors out there. mario gabelli and david winters, wintergreen advisers ceo and gentlemen, thank you both for joining us. >> great to be here. >> quickly, some broad thoughts on the market and economy. we did get jobs numbers that showed conflicts signals and mario, i just wonder when you add that up, what does it tell you about the market? >> i think the market is adjusting to the prospects that yellin will at some point, accelerate the tightening of the monetary supply and hopefully, hopefully, we get after the election in november, the fiscal dynamics in place. >> we also heard from janet yellin this week, david. she's talking about another tapering of $10 billion a

the army names the two desert outposts after exxon and shell, unbeknownst to the companies themselvesell in the planning cell thought that this would be an easy designation for american soldiers, you know, flying helicopters through dust storms to bear in mind and to find on a map, but it did kind of undermine the pr campaign. >> as coalition forces rolled into baghdad and topple saddam, the general selected by the pentagon to stabilize the situation and quickly turn over power to the iraqis finds that his mission has changed. >> i did not want to slip from liberation into occupation. i thought that's the worst thing to do >> my understanding from rumsfeld, from the white house, from everywhere, that we were going to go in there and we were going to set up an interim government as rapid as we could, but when ambassador bremmer came over, that direction had changed. >> instead of quickly handing off power to a new iraqi government and getting out, the bush administration selects former ambassador l. paul brimmer to take over in iraq and remake iraq's entire economy, starting with the o

that was used to clean up the gulf oil spill had actually been used 25 years earlier in the alaskan exxonaldez spill. 25 years with the same type of equipment. we can do better. i am the assistant director for the grand challenges at the white house. i am looking at how they can use innovation. i do this primarily in two ways. first of all, through helping them use incentive prizes. this is a way to inspire innovation in the private sector. the oil cleanup challenge was a million dollar prize. thenvited teams to double ability to clean up oil from water. when the results were announced, the winners to not just double the performances, they quadrupled it. it was a tremendous amount of progress in just six months and only a million dollars in investments. we also worked with grand challenges. are audacious yet achievable goals that can help us capture the public's imagination and harness science and technology in order to follow big problem's. the grandtly launched challenge. this is a challenge to find and figure out what to do about aspects of the human population. there are statistics fr

for the louisiana oil and gas association, which represents all but the biggest oil companies like exxon and b.p. briggs argues that the entire nation benefited from the cheap and abundant energy his industry pulls out of those wetlands. >> sreenivasan: so does the industry say that it's not responsible at all for any of the wetland damage? >> there's no denying that canals were cut, and potentially there may be impacts from the creation of those canals. but those canals were created with the blessing of the state of louisiana. with the blessing of those local governments. and in partnership with those contributed millions and billions of dollars to the state and to local governments for the production of those natural resources. >> sreenivasan: earlier this year, the industry tried to get the lawsuit thrown out in court, but a judge rejected their motion and allowed the suit to proceed. most lawsuits are fought in court, but this case has attracted so much attention, and opposition from the oil and gas industry, that the fight moved here, to the state capitol. >> sreenivasan: governor b