the three rockefeller companies were exxon, chevron, and mobile. of of course we know exxon and mobil eventually were merged and actually texaco also merged into chevron. we are actually talking about for companies today. but for most, a good chunk of the 20th century there were seven companies that were really almost dictating public policy and the american company had a huge impact on our tax policy, the research that was done for the oil and gas industry, the whole system of energy that we actually used today. this got very traumatic in 1928, kind of the beginning of the oil and gas industry drilling in the middle east. you will remember the middle east was created at the breakup of the ottoman empire by france and britain. the oil industry was already there and interested in the resources. in 1928 when oil was found in iraq, the big oil companies, the seven, the seven, there called the seven sisters, named after a greek mythological story of atlas' daughter who fought amongst themselves, but if there was ever an attack on one of them they all g

exxon mobile under a clean up order by the regional water board which in this case and remediated pet trolium to these activities. it removed pet trolium stuff possible (paused). however the water regional quality board requires the board to comply with the risk management plan and ensure that risk management measures to protect maintenance or construction workers and to protect the remediation during future construction are implemented. for example, additional health and safety planning and monitoring for workers directly expoationzed to soil and grand water within a limited area such as maintenance workers working in a below grade utility trench. additional health and safety measures maybe required. for future construction, none of which is currently planned or anticipated, but could potentially arise at some point during the 20 years of the agreement and should be designed to avoid or rer pair layer of reactive material placed under the short line as part of the remediation, and these kinds of risk management measures may result in additional costs to the port or its tenants while

make fun of exxon mobil and i'll poke fun at the global warming professor with the fraudulent hockeyck. >> we're making fun of them, but a lot of money by taxpayers and also by individuals. >> absolutely, david. i think these alarmists need to be called out on because it goes beyond just the climate change debate. also related to chemicals, food and energy, really. the laws that they then are pushing for will have no impact on the environment. that's what we actually care about. >> when you think of these two lawsuits. frankly, the suing of exxon for underestimating global warming, it seems closer to what actually happened than the alarmists. their predictions fell flat. >> been transparent about it. what is really dangerous here, david. we had a new york state legislature say tamo me, we too the tobacco money and spent it on whatever we wanted. they treat companies like their own budget line items when they get these settlements. >> we're not generally here at forbes in favor of lawsuits. generally that kind of mucks up the works. should we take the lawsuit seriously against al gore

they said they could handle an exxon valdez size spill every day. they couldn't. bp said the spill was 1,000 barrels per day. it wasn't, and they knew it. in preparation for this hearing, the committee reviewed the oil spill safety response plans for all of the companies here today. what we found was that these 5 companies have response plans that are virtually identical. the plans site identical response capabilities and tout identical ineffective equipment. >> over one million dollars will be awarded to the teams that prove that theirir cleanup systm could meet the competition's strictest requirements. >> our first p prize, the winnnn schmidt oil cleanup x challenge was s a response, essentiaiallyo something wewe all remember, the deepwater horizon oil spill in the gulf of mexico. in 2010-- i certainly remember, i'm sure a lot ofof folks do--this was ongoing every day, oil spilling into the gulf, the havoc it was wreaking on wetlands and other critical ecosystems of the gulf coast, you know, from texas all the way to florida. and the sort or feeling of helplessn

names like exxon, chevron, that make up 30% of the xle. that is the etf that tracks the large integratives. look at the xop. the s&p oil and gas etf, where no one holding is more than 2.5%. there's a couple of reasons. if the dollar is going to continue to rise, that was the first knee jerk reaction. if oil goes lower, if we see brexit affect global demand for industrial commodities and oil and the like, i think they'll be affected. we get back to the place we were in january and february where people were concerned about credit issues with oil and gas companies here. some of the worst capitalized one. that's xa the xop is focused on. that's why i want to target this one. trading below 35 bucks, look out to the september expiration and buy the september 3428 put spread paying $1.70 for that. buying one of the puts for $2.30. 28 puts at 60 cents. it breaks even down to $42.30. make up to $4.30. that's a really good range. look at the chart, where it just got rejected below 40. just below that uptrend -- >> very simple. brexit cannot increas

exxon closed at 52 times forward earnings.'s going on, why people are moving in. exacerbated downside, last couple days selloff is nothing to beware, crude going higher on the equity side. >> i think it's all about yield. i think if you look at chevron, you have a 4% yield exxon, same type of things valero, all yielders. if you look at ep space you don't get yielders there, they were all down today. to guy's point of valuation everyone reaching for yields, they bloated that multiple on them. >> relative valuation as guy was saying they are cheap, relative to themselves, you get a yield. again, you're taking a view on oil. we've seen rate counts increase. we're now through the bulk of the big part of the summer driving season run-up and you're seeing oil down quite a bit. in my view you see oil back in the '80s trade in this very wide range, certainly back to 20. >> it can trade back. >> large names will be impacted a lot less than those other names that are in different area. >> i think you're making a good point on the yield

this afternoon, democrats democrats in the house and did their 25 trent 25 hour sit in calling for exxon gun violence. it represented john lewis and other house democrats spoke to reporters and supporters outside the capital here's a look. >> what do you say to the folks on the other side that called this a stunt? >> well, you, you know for someone to say that this is a publicity stunt it is unfortunate. but it remind me of another. during a sitting during the freedom ride. there is seven governors like lester maddox, of georgia, george wallace of alabama, and they were for civil action, publicity stunt. when you see something that is not right, not fair, not just, fair, not just, you have to do something about it. you have to do it in a nonviolent passion and that is what we did. >> what kind of message do you feel like you the past 24 hours? >> i think it's been a very strong message to our college and our congress and to the american people and people around the world that we are sick and tired of violence. [inaudible] . . when the time comes and an extension to give them the tools th

i was going to remind american people that he thinks that exxon can help beat isis. am a rational human being. who would not be nervous in a debate? >> you don't seem nervous now. [laughter] david: i hide it well. >> david french, thank you for joining us. >> still ahead, great sports journalist visits are set to talk about the passing of muhammad ali. we will be right back. ♪ ♪ legends and then there are those who are in a themselves like muhammad ali. he died at the age of 74. are is a guide to talk about sports journalist who wrote the obituaries a muhammad ali in both the "new york times" and "times magazine." you started your piece looking theret the day you were the day the beals met muhammad ali. i wish i could have appreciated it more. and iguys were in the way had to interview this fighter. -- i got incitement becausegnment in 1964 the real reporter did not think it was worth his time. clay was going to get knocked out the first time. soon as i get to miami, drive back and forth to the arena, and the closest hospital, so i would waste no deadline time follow

of the exxon valdez crisis forced to change the ways it did its business.f you transform -- transpose those today, these kinds of mass shootings day in and day out, none of those have any kind of affect on shaping the company behavior. they can continue to do things exactly as the day before. charlie: when you hear that, i'm , whatou knew most of that dynamic could change? newtown, after orlando, the largest mass murder, everyone thinks at long last now. but it passes and goes back to business as normal. is there some combination of ontors, some effort to take those forces opposed to more effective gun-control laws? carl: you have to start in one place. there are republican lawmakers who believe the second amendment needs to be sacrosanct and protected against threats. those folks are not going to join this effort. you need to convince the people ,ho are not in that position you have to show them and they have to learn that the nra in some ways, they need to reduce their fear of the nra, that it can take them out. lindsey graham said he is part of the colli

exxon mobil is in the number one spot on the s&p, up 2%. to session highs. microsoft up by nearly 2%. in addition to technology stocks, i want to take a look at with the semi conductor space. across the board, we are seeing nice, green bumps. this is in part because of the nikkei reporting that apple, while being more conservative with its chip orders earlier this year is now being more aggressive. david: i have to ask you about punsports and issue a alert. are we getting a lift in the transportation sector? >> yes, a lift, a rise, a sore. it.% after falling post >> this is the biggest jump in three weeks. after three days of losses. after steve for saying lessdelta airlines has exposure to brexit pan american. board, see across the ..s. airlines are all up these are all on pace to close of the highest since brexit. just want to show viewers the incredible move in stocks over the last 30 minutes. we were up all day. we are looking at rallies across the board in the u.s. we are looking a big, big rallies in europe. up 2.6e closed percent-two .7%, making back

this afternoon, democrats democrats in the house and did their 25 trent 25 hour sit in calling for exxon gun violence. it represented john lewis and other house democrats spoke to reporters and supporters outside the capital here's a look.

you see the banner up there about exxon mobil.t buy them, own them, monitor them, or just hold on? 30-year track record, 12% for year. is this the mother of opportunities for howard ward and big oil? howard: i would not go that far, only in the case of big oil -- exxon, chevron, and a few others -- they are having a difficult time replacing their production with new reserves. this has been a big gap that has developed in the last couple of years in their ability to do that. they can go out and acquire those reserves by buying other companies, but in terms of their ability to go out and replace the reserves they are burning up every year, that has become a challenge for them. the next 30 years may not be quite so good for exxon as the past 30 years. does unicredit have a terminal value for oil? have you guys figured out -- is it 50, 60, 70, or do you not even try? no.: what is terminal? tom: where does it dampen out to in terms of price per barrel? i think anybody gaming this is really -- we go through these phases where it breaks

>> i do own a share of exxon. >> i am a shareholder. what worries me, tom is that we have a political witch hunt targeting certain scientists that have not embraced whatever the democratic party put forward as the facts of climate change. they are an accredited scientist and they have the research to back it up, then not that i agree with the democrats, but why they should be able to prove why their point is valid as well. >> there you go. >> do we have a contest on who will vote what? >> yes, a contest. i of course don't believe it all. no, i thought about it a lot. my earpiece is coming out. >> they are not saying anything to you. >> they don't care will. >> they talk to me through the whole show. do they talk to you guys ? >> no, never. i don't know why i have it. >> in case they have to tell you to stop talking or something. go on. >> there was a little bit of stuff when i said colored. >> they stop you briefly. >> i thought about it so much and i just don't know what we can do -- i was in the shower for two hours. i don't know that

exxon mobile under a clean up order by the regional water board which in this case and remediated petese activities. it removed pet trolium stuff possible (paused). however the water regional quality board requires the board to comply with the risk management plan and ensure that risk management measures to protect maintenance or construction workers and to protect the remediation during future construction are implemented. for example, additional health and safety planning and monitoring for workers directly expoationzed to soil and grand water within a limited area such as maintenance workers working in a below grade utility trench. additional health and safety measures maybe required. for future construction, none of which is currently planned or anticipated, but could potentially arise at some point during the 20 years of the agreement and should be designed to avoid or rer pair layer of reactive material placed under the short line as part of the remediation, and these kinds of risk management measures may result in additional costs to the port or its tenants while performing mai

a result of the exxon valdez crisis forced to change the ways it did its business.u transpose those today, where the biggest national pricing we -- crises we confront are these kinds of mass shootings day in and day out, none of those have any kind of affect on shaping the company 's behavior. they can continue to do things exactly as they did the day before. charlie: carl, when you hear bad , and i am sure you knew most of that, what dynamic could change? after newtown, after orlando, because it was the largest mass at longeverybody says last, now. but it passes and we get back to business as normal. is there some combination of factors, some effort to take on those forces opposed to more effective gun-control laws? carl: you have to start in one place. that there are republican lawmakers who truly believe that the second amendment needs to be sacrosanct and protected against threats. those folks are not going to join in this effort. what you need to do is convince the people who aren't in a position. you have to show them and they have to learn that the nra in som

exxon is up 12.5%. >> what about the overbuying we saw in may and again that old song about selling inwhy do you think that that certainly wasn't true. >> no, it wasn't true. you know, it was the biggest percentage gain we've ever seen in the history of doing it. so that's really interesting. as we bought up, at the end of the month, near 2,100 at the all-time highs that you guys talk a lot about today. it paid to be buying stocks for people in may and it's really interesting. if you look over the last if you're, actually june has been the worst performing. may has been up, i believe it's the third year in a row. albeit 1%ish for the years but it's been higher. >> do you think june will be a good month for the oil stocks? >> you know, looking at oil right now, it does look at because of unfortunately what's happening in florida that it seems to be having things higher for oil, but we'll see. i think just as there's 2100 on the s&p, more so here. those are two big benchmarks for both of them to hold. >> just briefly would you say there's not any of that despite the surge of interest? >>

it is burning near and exxon mobil oil processing plant.>> the temperatures in the upper 90s to tripleigits this weekend is expected. with wind and low humidity. it is a recipe for disaster. >> the sherpa fire started over the weekend. part of 101 is still shut down.>>> the race for the white house, bernie sanders says he will work with democrats to make sure donald trump does not become president. a group of people in hayward held a watch party listening to sanders as he thanked his supporters online. during that speech sanders did not drop out of the presidential race or endorse hillary clinton but he did acknowledge his role may change soon. now that hillary clinton is the presumptive democratic nominee.>>> a major political mask that together we face in the next five months is to make certain that donald trump is defeated and defeated badly. and i personally intend to begin my role in that process. in a very short period of time. >> sanders said he will be pushing for changes at the democratic convention next month to make the party more inclusive of low income, and young people. >

and so to assign a $320 billion valuationk and this is not procter and gamble or exxon, but a social media company. and a technology company, and 20 years ago i would have bet on ibm as a tech company. it on shows you how dangerous at these levels to hold this stock, because kit can be disruptive. >> and paul meeks, you? >> and first of all, i would not focus on the market cap, because it is trading at a decent valuation, because it is going so fast and it is not procter & gamble and not ibm or exxon, but something better. z zuckerberg and co are cognizant of the threats and if you look at the article that you posted recently of the vice president of europe on facebook, they know that the world is all video, and they are planning on it, and they will lead the charge. >> we are going to make it the end of that, and guys, thank you, paul meeks and andrew left of citron, and we hope the continue the discussion soon. >>> and now, we will talk about the trade of whole foods. and volatile day for crude oil trying to rally from the three-week low. and we will go to the pits. and also, takin

a result of the exxon valdiz prices, forced to change some of the ways it did its business. you transpose those same dynamics into today where the biggest national crises we confront as a country are these kinds of mass shootings day in and day out. none of those have any kind of affect on shaping the company's behavior. they continue to do things exactly as they did the day before. >> rose: carl, when you hear bad and i'm sure you knew most of that, what dynamic could change it? i mean after new town, after orlando, because it was the largest mass murder, everybody says at long last now. but it passes and we get back to business as normal. is there some combination of factors, some effort to take on those forces opposed to more effective gun control laws. >> yes. i think you have to start in one place that there are a lot of republican lawmakers who truly believe that the second amendment needs is sac sacrosant and needs to be protected. those folks are not going to join in those efforts. what you need to do is convince the people who aren't in that position, you know, and

evacuations include an exxon mobile refinery and two beaches. it has burned 200 acres in the loss -- loss -- los-padres national forest. >>> firefighters are getting the upper hand of a fire in southeast sacramento. a firefighter suffered a minor injury. a lawn mower sparked the fire. it is now 50% contained and evacuation orders in the area have been lifted. >>> a late development in the growing sex scandal involving several law enforcement officers accused of having sex with an under age girl. the district attorney's office con officialed that an -- confirmed that an inspector so administrative leave. denise o'malley released a statement reading in part "i can officially state" we do not and will not turn a blind eye to human trafficking or the sexual exploy its of a minor. whether the offender is a civilian or law enforcement official or officer. this comes hours after the mayor fired the interim oakland police chief just six days on the job. taking his place, the acting chief paul fig -- figeroa. >> i am focused on getting the job done. >> p

evacuations include an exxon mobile refinery and two beaches. it has burned 200 acres in the loss -- loss -- los-padres national forest. >>> firefighters are getting the upper hand of a fire in southeast sacramento. a firefighter suffered a minor injury. a lawn mower sparked the fire. it is now 50% contained and evacuation orders in the area have been lifted. >>> a late development in the growing sex scandal involving several law enforcement officers accused of having sex with an under age girl. the district attorney's office con officialed that an -- confirmed that an inspector so administrative leave. denise o'malley released a statement reading in part "i can officially state" we do not and will not turn a bnd eye to human trafficking or the sexual exploy its of a minor. whether the offender is a civilian or law enforcement official or officer. this comes hours after the mayor fired the interim oakland police chief just six days on the job. taking his place, the acting chief paul fig -- figeroa. >> i am focused on getting the job done. >> pau

exxon has essentially become a defensive stock. that sounds strange.ity space, they've become a defensive stock. a lot of investors apparently do believe them here. i hope you're all listening to steve talk about mr. bullard. mr. bullard was not in the camp of lower rates for longer but now he's talking about only one rate hike through 2018. there is no alternative to stocks. some are again arguing what else do you have with bonds staying down for a very long time? we did see the dollar weaken a bit as some of his remarks came out. in the ipo space, we're still in another world of not trying to understand, not sure what's going to happen with the ipo space. one postponed. aud aud aud audio visual and equipment company. next week, twilio, it's a very, very hot space, trying to consume all the other apps there. it's coming, essentially pricing on the night before brexit. wednesday night for trading on thursday here at the new york stock exchange. this is going to be a very big one to watch. demand is strong but, again, it's coming at a difficult time, ap

in santa barbara, evacuations, it is threatening an exxon oil facility.>> new mexico's governor declared a state of emergency because of a wildfire. arizona, also, after 2,500 ache kiers. >>> a chicago area middle schooler gave a graduation speech featuring the 2016 candidates. this is great. >> let me just tell you that this has been such a great school. we have all -- >> in the top of one-half of one-half of one-half of schools in the entire country. >> amazing. 14-year-old jack aillo, also had president obama and ted cruz. guess what he wants to be when he gross up. either a politician or a comedian. >> i'm thinking soon, saturday night live has to have this kid. >> some young kid like that would be great. >>> let's take a look ahead now. cia director john brennan will tell the senate intelligence committee that isis is training and trying to send operatives to the west for more attacks. brennan says they'll rely on tactics to compensate for their losses. i'm alex witt. thank you for watching "early today." see you back here tomorrow. see you back here

and interesting companies like exxon. always was neck and neck with walmart in revenues. and now it's half the revenues of walmart. a company like black stone group, an investment firm, off the 500 altogether because it got hit from its energy investments. >> they also talked to ceos out there and some of the biggest challenges, how do they feel about the economy and what challenges? >> the number one challenge as you can guess, because of what we said about tech, is that tech is changing so fast. they can't keep up with all of the changes. government regulation is another big worry. on the economy, relatively positive. they think it's going to be about the same. some of them say they will be hiring over the next two years. they have strong views about the presidential election as well. >> always interesting to learn how female ceos are in there. how many this year, who's in and out, up and down? >> 21 female ceos, down from 24 last year. another way of looking at it, only 4% of fortune 500 ceos are women. so it's small. off the list, ellen coleman of dupont because of th

pg&e,if ford is buying or exxon mobil may be, this is a very strange thing. there is a commonality in terms of clean energy and more portly yunnan must is one --pany that can bailout and elon musk is another company that can they another, but showing us how crazy this is. if you look at how much cash tesla has and you have a company that cannot afford solar city. tesla has $1.4 million in cash. $2 billion in debt. you look at the cash. valium,ook at the total 1.4 billionne billion dollars dollars and they can somehow acquire more money? emily: they are making batteries. this is something we have been debating and thinking about for a year and a timing seemed right. doesn't make more sense? john: most people don't have use for it. the principal uses the fact and is coming at a plant in nevada. the notion they are in the power supply business is ambitious but at the carmaker. shares of plummeting. on sure they will say wait a minute, there is great potential but they lose money maybe it is something we can profit from. emily: the ceo. cory: the notion that thes

n northeast philadelphia, police are looking for two men who robbed an exxon staying. it happened about 6:30 this morning on the 5200 block of torresdale avenue. police say the pair got away with more than thousand dollars. if you know anything at all, give police a call. >> if you still have gift card to sports authority, time is running out to use it. tomorrow is the last day you can use one. most of the companies stores will be closed after tuesday. in may sports authorities reported customers still had more than $90 million in unused gift cards. tomorrow is also the last day the retailer will honor any returns. >>> a woman battling cancer huge bon jovi fan so her family took her to the singer's restaurant as surprise but it didn't end there. how the rock star rocked her world. >>> the welcome america festival ready to objection rock philly with red, white and blue. where some of the events are taking place and how you can get in on the action. howard? >> it took longer than it should have taken for the flyers eric lindros to be elected into the hockey hall of fame.

something like exxon, stay away from. way too defensive. the oil recovery, you know, up to 70 or better in the next 12 months, you know, these ought to be highly or leavered names like marathon oil, new field, whiting petroleum, continental among smaller cap names. these are the highly oil leveraged, not gas. very different story in natural gas. but higher in oil companies and also some of the, you know, drilling companies like halliburton, for example, the one that's will benefit from the recovery in industry capital spending which is really the next thing to watch. how these companies begin to put more rigs back to work as they feel more comfortable about the commodity. so that is going to be a really big thing to watch as the year concludes and we see what the 2017 capital budget are shaping up like. >> if you're right, capital budget should go up. we lost a trillion dollars in capital spending over the past two years. very bullish on oil. thank you very much. we'll see you again. >> thank you. >>> all right, still ahead, the most attrac

. -- exxon rising today. cracked theintel mobile code finally. reached a deal with intel for the next iphone. what does it mean for apple, intel and qualcomm? ♪ david: "bloomberg markets this is "bloomberg markets." shares of intel getting a much-needed boost today. apple will use some chips from intel. vonnie: this deals a blow to qualcomm, one of apple's meager supplies. -- major suppliers. ian king.bring in judd gregg great scoop, ian. ian: what it means for intel more than the size and the numbers is the validation of a program that is really struggling. you can go back 20 years -- they poured millions of dollars into r&d and got nowhere. apple is the best validation you can get. aren't going to turn around -- it is certainly a strong validation, strong mark of approval for a struggling program. david: it seems like the writing on the wall is that the future was going to be in mobile and portable devices per dwight was intel so slow to get into that market share? ian: the have not shown up at all in that business. intel is very good at making

reporter: and lester, that fire that you see creeping down the hillside is burning right above the exxon mobimobil refinery. employees have been evacuated. and the other concern, this freeway. the 101 freeway. it was shut down last night and could be shut down tonight. >> all right, gadi, thank you. >>> still ahead tonight, why people in one of america's biggest city wills now pay more for soda and other drinks. is this a game changer that other cities may follow? also the alarming headlines about babies born in the u.s. with gary, gary, gary... i am proud of you, my man. making simple, smart cash back choices... with quicksilver from capital one. you're earning unlimited 1.5% cash back on every purchase, everywhere. like on that new laptop. quicksilver keeps things simple, gary. and smart, like you! and i like that. i guess i am pretty smart. don't let that go to your head, gary. what's in your wallet? fight heartburn fast. with tums chewy delights. the mouthwatering soft chew that goes to work in seconds to conquer heartburn fast. tum tum tum tum. chewy delights. only from tums. be the

tom: can you own exxon mobil here?wn exxon mobil for that part of your portfolio that you do not want to change much up or down. tom: i am not getting much enthusiasm here. bob: if you think the market is going up, i don't think so. opec isust mentioned, essentially defunct. the u.s. has become the swing anyucer, not saudi arabia longer. that changes the dynamic, so the meeting is political and less economic. anna: when you are looking at the oil sector, and looking at your models around the oil sector, how far out into the future do you go? some suggest that as the world is changing, as even the saudis are preparing for a post-oil environment, we should all be pricing these things differently , using a different discounted cash flow that puts more value on the sustainability of the environment because that is what policymakers are doing globally. does that filter into your model? bob: yes, it does. the big swing in oil prices are thenrintable, and predicting stability in a model makes sense. when you do that, you need

even exxon prefers a carbon tax. we should tax speculation on w wall street, which has reached horrendously frantic levels, and computer-driven derivatives-- $700 trillion last year. trillion dollars lastst year. and there's no sales tax. here in california, what do you do? you go buy furniture, clothes, you pay whatat, 7? >> 9. >> 8% sales tax? tomorrow, somebody can buy a hundred million dollars of intel derivatives and pay not a cent. that's not fair. we had a transaction tax in this country in 1905, and it was in the thirties undnder roosevelt. and then, for a variety of reasons, it was phased out. but do wwe really want that kind of specucution? no. . so one way you do it's to tax it. at one half of 1%--and other countries are thinking about this, too, and japan already has one, small one. one half of 1% will bring in n $300 billion. isn't that preferable to taxing work? or you should tax corporate crime morere. we shoud tax addictive prproductsts more. things that we don't like, we should tax before we tax labo

scarlet: final question -- chevron and exxon have said there needs to be a step change development and to bring about a new technology that would combat climate change. do you agree or does it already exist? >> it's a bit of both. we have a lot of technology that we need to continue deploying now. it can certainly be used to satisfy our commitments in paris through 2025 and 2030 and the like. what we have to remember is that as we drive to even more carbon reduction, we will have to increase our ambition domestically and we have to have the technologies that will be attractive to all the world's countries including developing countries. that means cost production, innovation and that's why president obama and the leaders of 19 other countries at the end of november committed to our doubling our energy r&d investments in this country over the next five years. with athat in parallel new investor coalition. it was put together by bill gates, drawing upon 10 countries, that we will increase the opportunities for investors by enhancing our r&d but there will be investors who are willing to

observations and data points of last week is that one of the largest nuclear operators in the country, exxonit operates to nuclear plants in illinois. one is called the clinton plant, the other is quad cities. excellently,ating two of the best operating plants in the system. they are voluntarily shutting them down in 2017 and 2018. in this economic environment, even in existing plant that has all of the capital completely paid for his no longer cost-effective. it underscores the changing of the nature of competition. charlie: when do you expect it to be operational and have plants online seat can demonstrate what you're selling? >> i think within a year to a year and a half. tohink we have been able demonstrate a shift and our first electric utility. there is a whole regulatory approval process. charlie: you think you will be operational with a plan in place? >> yes. charlie: thank you for coming. the company is called 21st century utilities. thank you for joining us. see you next time. ♪ mike: i am mike barnicle. john: and i'm john heilemann. and with all due respect to donny deutsch, this

exxon mobil falling along with oil prices. employee by a farmer alleges -- former employee alleges she was asked to essentially cook the books and change accounting at oracle. oracle shares are down 4.5% as well. we are at the 10-year note as we watch the actions of the ecb here. we are seeing the yield go lower. the ecb announced details of its corporate bond buying program. we're not looking at this at the moment, but wr ap, interest-rate futures, are showing a lower of an increase rates in june. people are looking ahead now that opec has failed to come to an agreement and the ecb is done, evil are looking to the jobs report, the next pivotal event. betty: thank you. let's get more on the opec leaders fail oil to agree. ryan chilcote is in vienna with the latest. we have seen the market reaction to this failure to agree. tell me, you are just speaking with a representative from nigeria, what are some of the other reactions from opec nations? ryan: the nigerian oil minister is delighted because the one thing they agreed on wa

now exxon revenues are half of walmart revenues. >> wow.t round ought the rest of the top ten, any surprises? i noticed at&t is there. it picked up. >> apple is moving up in the number three spot. the other thing you see consistently year after year is the health care companies moving up. we have united health care, cvs, in the five, six, seven spots. >> we are talking about employment given friday's numbers. when you look at the top ten of this list, if you were to look at the top ten of the list 40 years ago map percentage of that group do you think would have employed americans. how much less today do you think that top ten group employs people. >> from 30 years ago. >> 30 years ago. >> one of the surprising things is the total employment went up 4%. >> went up. >> that's not u.s. employment. that's global. >> i'm thinking u.s. these big companies that are iconic companies and how much they represent in terms of employment over time and how that shifted. >> they're global companies particularly the top 100. you would see more employment

cory: they want to cover everything from the creation of energy to exxon mobil, maybe.his is a strange thing. musk is investing in one company to bailout another company that has fallen substantially in the last year. just a look at the numbers shows how crazy this is. if you look at the cash tesla has on hand and throw in the debt, you have a company that cannot afford solar city. tesla has $3.2 billion in debt. if you look at the cash and debt, solar city is $5.8 billion in enterprise value. tesla has $1.4 billion in cash++ and has to build more factories to build the amount of cars it needs. now, they have to somehow raise more money to acquire a company that's in a very different business. installing rooftop solar is a very different business than manufacturing cars. installing rooftop solar is a very different business than manufacturing cars. to try to do both at once is very difficult. emily: tesla is not just manufacturing cars anymore. they are making batteries. on the call, musk said this is something we have been debating about and thinking about for years. t

energy companies were hit the hardest and walmart remains on top of the fortune 500 list followed by exxonrtino-based apple. >>> coming up, voters get a chance to weigh in on on an affordable housing measure. ,, people love my portobello mushroom buttery jack, made with portobello mushrooms, grilled onions, and garlic herb butter. ever wonder how i came up with it? well... actually, i came up with it at the water cooler. but i thought you'd like this cowboy story better. the portobello mushroom buttery jack is back. makovec, in for michelle. and i'm kenny choi. >>> welcome to primary election. it's tuesday june 7. i'm anne makovec in for michelle. >> and i'm kenny choice. >>> hillary clinton is the presumptive democratic nominee. >> we are on the brimpg of a historic unprecedented moment but we still have work to do, don't we? >> the former secretary of state gained commitment from the delegates and super delegates yesterday to become the first woman to ever top a major party ticket. and bernie sanders did not acknowledge this but remained focused on the primary. >> if working people and b