nearly four decades ago exxon's own scientists reported to exxon management that, quote, there is little doubt that atmospheric co2 concentrations were increasing due to fossil fuel burning. they said back in 1982 that the resulting greenhouse effect -- and this is a quote from exxon -- would warm the earth's surface causing changes in climate affecting atmospheric and ocean temperatures, rainfall patterns, soil moisture, and potentially melting the polar ice caps. there was no legitimate debate over the science when i started in 2012, and there is no legitimate debate over the science today. indeed the science has only strengthened. and with each passing year, as senator merkley said, we rely less on complicated climate models and on scientific forecasts, and unfortunately more on straightforward real time measurement of the changes. today we observe with our own eyes what recently was predict predicted, glacial collapse and retreat, sea level rise, arctic warming, and increasingly extreme weather. another constant since 2012 is the fossil fuel industry's remorseless campaign. a, to blo

ago, exxon'secades own scientists reported to exxon management there is quote little that atmospheric co2 concentrations were increasing due to fossil fuel burning. they said back in 1982 that the resulting greenhouse effect, and this is a quote from exxon, would warm the earth's surface, causing changes in climate. affecting atmosphere and ocean temperatures. soil moisture. and, potentially melting the polar ice caps. debateas no legitimate over the science when i started in 2012. there is no legitimate debate over the science today. indeed, the science has only strengthened. and each passing year senator merkley said we rely on climate models and forecasts. more in straightforward real-time measurements of the changes. own eyese with our what recently was predicted. collapse and retreat. arctic warming. increasingly extreme weather. constant since two --usand 12 is the fossil constant since 2012 is the fossil fuel industry's determination to block action and hide its motivations behind front groups. we have had whole groups of senators come to the floor to talk about the web of deni

nearly four decades ago exxon's own scientists reported to exxon management that, quote, there is little doubt that atmospheric co2 concentrations were increasing due to fossil fuel burning. they said back in 1982 that the resulting greenhouse effect -- and this is a quote from exxon -- would warm the earth's surface causing changes in climate affecting atmospheric and ocean temperatures, rainfall patterns, soil moisture, and potentially melting the polar ice caps. there was no legitimate debate over the science when i started in 2012, and there is no legitimate debate over the science today. indeed the science has only strengthened. and with each passing year, as senator merkley said, we rely less on complicated climate models and on scientific forecasts, and unfortunately more on straightforward real time measurement of the changes. today we observe with our own eyes what recently was predict predicted, glacial collapse and retreat, sea level rise, arctic warming, and increasingly extreme weather. another constant since 2012 is the fossil fuel industry's remorseless campaign. a, to blo

coal companies and its portfolio now but it's keeping stakes in controversial fossil fuel giants like exxon chevron and how the burton still involved in oil and natural gas exploration now to some of the other business stories making news more cutbacks in europe's financial services sector italy's uni credit bank is reportedly preparing to announce job cuts of up 210000 positions worldwide the move is apparently part of a new strategy that the bank is expected to present at the end of the year uni credit has not commented on the report. seaman's she's a joke asr has signed an agreement with the nigerian government to help the tripled the country's reliable power supply by 2023 no financial details were disclosed at the talks held in the capital of. nigeria's ailing power infrastructure is often blamed for hampering growth in africa biggest economy. british airways pilots have voted overwhelmingly in favor of strike action in a dispute over pay the move could disrupt the peak holiday season for the airline pilots association said it had not set any specific dates for industrial action as it

coal companies and its portfolio now but it's keeping stakes in controversial fossil fuel giants like exxon chevron and how the burton still involved in oil and natural gas exploration. iceland has been named the most expensive country in europe the e.u. statistics agency euro the remote populated island near the arctic circle tops the list when it comes to the prices of consumer goods electronics furniture and appliances. until it is like lectures it in the most expensive in europe as its food and clothing almost all which is imported. wages and. the highest on average across the continent. business. top stories. has risen by over one percent in the past hour the market is reacting to the worsening situation in the persian gulf and trading has begun on the china's new nasdaq stock exchange and prices have more than doubled on the science and technology innovation board the shanghai stock exchange and that's it for me and the business team here in berlin for more business news stories. slash business thanks for watching state. is next after this quick look at global. he takes it personally.

coal companies and its portfolio now but it's keeping stakes in controversial fossil fuel giants like exxon chevron and how the burton still involved in oil and natural gas exploration now to some of the other business stories making news more cutbacks in europe's financial services sector italy's uni credit bank is reportedly preparing to announce job cuts of up 210000 positions worldwide the move is apparently part of a new strategy that the bank is expected to present at the end of the year you really credit has not commented on the report. seaman's she's a joke asr has signed an agreement with the nigerian government to help triple the country's reliable power supply by 2023 no financial details were disclosed at the talks held in the capital of. nigeria's ailing power infrastructure is often blamed for hampering growth in africa biggest economy. british airways pilots have voted overwhelmingly in favor of strike action in a dispute over pay the move could disrupt the peak holiday season for the airline pilots association said it had not set any specific dates for industrial action as i

colonial rule now the return of the cross marks a never concrete step to make good germany's pledge to exxon or 8 the return of the facts and human remains from former african colonies. cape cross in their own headland south atlantic coast has few human inhabitants but hundreds of thousands of seals it's a nature reserve that draws many visitors but most are unaware of the area's historical importance this is a replica of the stone cross built by portuguese seafarers more than 500 years ago the original was stolen by german colonialists in the late 1900 is explained in the hotel museum near by. life and tell manager comes the latest developments in this story. proves this where everything starts so if you can understand it you've got the old reaching out and it can also teach the children that what transpired in the. you know they feel you know we're still reaching know. what it was from the start so i think it's going to be it's going to play a very major only if we do if they will i think it will live in major boost tourism sector after years of effort than a 1000000 government has retriev

firefighters in texas are fighting a blaze at a refinery belonging to the oil company exxon mobil it's the latest in a series of recent fires involving the petrochemical industry in the houston area authorities have warned nearby residents to stay indoors. news of the emissions cheating scandal in germany's automotive industry may have broken 4 years ago but prosecutors are still bringing charges against the people they believe are responsible the latest is rupert stadler who used to head up the audi division of the fox wagon group. for more than 20 years rupert stadler was one of the top executives in the german although industry today the former audi boss finds himself facing charges of fraud false certification and criminal advertising practices all consequences of his alleged role in diesel get the emissions cheating scandal which has rocked the car industry in germany since details 1st emerged almost 4 years ago stadler is accused of allowing sales of hundreds of thousands of folks wagon and all the models to continue after september 2015 that's when munich prosecutors say he alre

very oil heavy as can you see, exxon, standard oil of indiana which became amoco which was brought bytroleum and then at&t and ibm so clearly this happened before now look at the latest two decades, 2000, interestingly, because this is a year end analysis, it's not technology, ge ge, exxon, pfizer and today app, amazon, microsoft, facebook. you could make the argument we're all pretty much in one industry and that might be a difference if you consider those to be all the same industry. i don't think it's a matter of saying there's something extraordinary about the current setup. >> exxon interestingly was the one that had a good 50-year presence up there. the other point, this is the s&p 500, so 13% is still pretty significant of 500 companies. >> without a doubt. >> you look at the other big indices whether the dows at -- the contakak courant. >> without a doubt i mean 13 so a little bit more than 1/8 of the market cap in the indexes for companies but i think the lesson is that's been the way of markets for a long period of time winner take all companies that rise to the top and beco

we'll talk to a former exxon arabian gulf president, jerry bailey, coming up next. >>> then, there'se brewing in the midwest and it pits kansas city versus kansas city kate rogers joins us with that story. we'll explain. >>> hey, dom that's right the usda is coming to town, but which side of town remains unclear. we'll eak brit all down for you coming up after the break. >>> welcome back to the show an early analyst call to tell you about this morning what you're seeing there, shares of micron, the semiconductor company up by 3.5%, upgraded from buy from neutral by analysts at goldman sachs. the firm says it's taking a more positive view on memory stocks and believes that micron is the best stock to express that view. those shares up sharply 3.5% premarket trading. >>> a developing story this morning over the seized british vessel by the iranian revolutionary guard last week. iran releasing new video of the seizure over the weekend as you're seeing there. uk leaders are weighing a response right now oil is gaining ground on the news along with reports that libya has partially shut do

today, i'm back to my old sleeping habits, exxon was trading up a buck 75 later exxon opened up 50 centsdown seven cents. incredible if you bought the oil this morning, you got fleeced don't keep making the same mistake, people. the price of crude can go up but probably can't stay up which is why the sellers always seem to overwhelm the buyers in the oil stocks and the sellers are right. look, in the last five years america increased its oil production to 12.1 million barrel as day. over the next five years we could reach 17 million barrels a day. maybe more we had him on the show and predictions terrified me because when we own oil stocks, they have been duds if he's right, they will keep being duds fortunately for members of the ax alert plus.com club, they owned anadarko but it might have been a disaster. let's go back to the 12 million barrels a day of domestic production heading to 17 the problem is there is only so much demand for oil. and governments around the world are trying to cut back on that demand because they are worried about global warming and that's the recipe for lower

who is the american sector a state sees these are diplomats it's all it was it was an executive with exxon oil company and that's what trump has been doing putting political appointees in post who mirror his own political views of the world and it isn't the way that a country like the u.k. does things it takes people from the diplomatic service and puts them in posts as nonpolitical appointees and then says to them in whichever country they're in give us your best interpretation of what you think of that country and so they'll put someone in moscow say who will talk in unguarded unvarnished terms about what he what he or she might think about say the putin administration and send those back to london and then they're treated in secrecy and they help define the british political position towards that country now if it's going to be the case that say boris johnson becomes prime minister and puts in post in washington someone as a political appointee who directly supports donald trump with a view to say getting the trade deal for the u.k. with the u.s. when it leaves the european union then t

and exxon mobile the truth is what, the truth is this it's just a big old waste of time let's take this chart and talk about relative performance the thinking that here we have the low in the market and that the stock is bounced, albeit barely but it's making two and three year lows. not so good. this is another i would fade >> carter come over. without a doubt. >> thank you >> i want to start with proctor and gamble because staples had a new high today is this a sector call as it is a proctor & gamble call? >> technique, a good technique is wait for earnings and then press or wait for the strength and then go after it it's higher risk to do this because you can get murdered if you get it wrong, the direction. in terms of proctor we know it's had three quarterly beats in a row. last quarter the stock beat again but didn't move higher i think you have this risk here. >> you showed it coming to the trend line multiple times. how far below is the trend line. >> it's 3 to 5%, using the trend line itself, the moving average more than 7 or 8%. anything in up trend are characterized by counter

friday it is jobs day for exxon and chevron earnings. time for the bloomberg first .ake the question is, the trade deal. on the agenda are still many things, from hallway to soybean huawei -- hallway -- wal to soybean buying. low barthink that the for expectations is that they will agree to meet again, but no one is expecting breakthrough on the stalks and the best case is that they agree to continue them. perfectly correct. the situation with the meeting moving from beijing to shanghai, from sources i'm told that his optics and a shot across the bow in that shanghai is the business center of china and essentially trade representatives have been extracted to tell lighthizer to look out the window and if you don't agree to a trade deal, all of this is going to be for everyone else but the united states. that is something that is probably not being well taken by the trump administration and i think it is probably the result of those tweets on friday saying that there probably won't be a deal until 2020. he says they are going to agree to t

of greenhouse gas emissions come from just $100.00 fossil fuel producers the top 5 are petro china exxon mobil be peace in a pack and royal dutch shell. investors used to love fossil fuels as a way to make lots of money but now many are frightened of holding stranded assets investment is turning into divestment. investors are reversing course shedding stocks and bonds in coal gas and other climate killers norway is taking it very seriously. its sovereign wealth fund is pursuing a program divestment how well is it working. norway's sovereign wealth fund has assets of 9 trillion norwegian kroner that's roughly a trillion euros it's known as the oil fund it invests worldwide and is run by the central bank it was set up in 1009 $190.00 and is now the largest fund of its kind in the world the aim of the fund is to ensure responsible management of revenue from the country's oil and gas resources for the benefit of current and future generations. so what does responsible management mean. the fun's investments have become a topic of heated debate. the norwegian parliament has barred it from owni

perhaps i'm responsible, he respond, when exxon fronted publicly about the shooting. if so, i was nothing to take back. our busines down there was to put down the rebel colors and, of course, we commenced as soon as we saw where the men commenced. his flag came down and so did he. >> anything of 163, in response to the mass murder of nearly 200 civilians in lawrence, kansas, under william cantrell. the depopulation of four entire missouri counties bordering kansas were ordered. only those judged royals could return. the others exclusively men and women were banished and troops would burn their homes and their fields at harvest time. >> in part, this destructive warfare occurred because many union officers and soldiers in the western region used slave holdings as an essential measure of disloyalties, just as confederate troops saw it as proof of loyalty. anti-slavery hard liners were among the quickest to judge. union officers and soldiers, especially anti slavery republicans did not easily divest themselves of decades- long held predilections of views. few now saw the

. >> actually i was wondering if such folks and even corporations like mobile exxon and all that, itould look good on their implicit to be a temple of the . >> were you able to understandhe the question. >> i think so. the question was, has corporations weighted and supported parks. there has been put corporations with partners of the park service in the national park foundation to support parks and also individuals, there's an individual who has supported the repair of the lincoln memorial and the washington monument. the issue is, there several issues with that. philanthropists are not' interested in supporting the into u sewages systems. those are major issues that need to be addressed in our parks. visitors may not see them, they may not see the sewage systems that are leaching into the waters f underneath their feet d watersheds. the other issue is corporations often times havee volunteers, forces of volunteers that they want to help out with in the parks in the parks don't have the manpower to help regulate and disperse volunteers. it is a staffing issue. >> the national park s

exxon mobil announced its evacuation of staff from three gulf of mexico stations. >>> let's good a look at algiers point in new orleans. we have seen some light rain.. it strengthens in the gulf coast. >>> at the moment, -- my mike is not working. this is not even a tropical storm.point, it is not anything more than the romantically named potential tropical storm. at the moment, they are getting all of this. the rain, the floods, the wind evacuations for something that is not even a named storm come yet. it looks like it will make landfall between louisiana and texas on the border sometime this weekend. it might become a category one hurricane. at the moment, it just bears watching. we will track that for you and we will do that with audio, too, in just a few moments. >>> from the live news desks. a hazmat crew in daly city. they have shut down an entire intersection because of a steel drum, a 30 gallon drum that was found on somebody's property. we have learned that this is going on, on the corner of westridge avenue and --. we are otom udown. th we can owexactly wh this is. they are p

first, on the fourth of july in the early morning the suspect smashed in the glass or of the exxon on mccar they are boulevardand bethesda. three days later, the same suv backed up to the front door of the spicy americainternational grocery store on lockwood drive in silver spring and smashed in the glass door there and tooksh carom the register. less than two hours before that break-in, police in buoy say he was spottedng brea into beijing cafe along crane highway. there's a $10,000 reward in thae ca >>> a pro boxer who fought at mgm national harbor on friday night has died. maxim's trainer stopped that fight in the 11th round after watching his fi ter take several hard shots to the head and body. he was rushed to prince georges e had hospital where surgery for bleeding on his brain but he died tuesday. he is originally from st. petersburg, russia, but fought xclusively here in the u. since turning pro in the 2016. the russian boxing federation will announce whether anyone is at fault for his death. >>> northern virginia man is accused of secretly filming women in a public restroom a

and firefighters are battling a blaze an exxon mobile plant in houston in the u.s. state of texas these are live pictures the city of baytown confirmed on twitter the fire is a unit containing polypropylene material people living near the facility are being told to stay inside with the headlines the news continues on al-jazeera after inside story stage and thanks for watching. it's been controversial in india for years the use of the so-called triple tulloch by a man to divorce his wife is now outlawed a new law replaces the centuries old islamic practice but will it protect muslim women and is it politically motivated this is inside story. hello welcome to the program i'm adrian finnegan a muslim man in india can no longer divorce his wife by simply uttering taluk the arabic word for divorce 3 times if a husband tries to do that he can now be jailed for up to 3 years the so-called triple tulloch method of instant divorce has been criminalized by india's parliament the upper house passed the bill on tuesday 2 years after the supreme court declared the practice uncon

plagues of convenience and a lot of those were old ships that could no longer survive after open 90 the exxon valdez disaster the older tankers 25 years and older and the single hull tankers were were taken aside but we've had similar problems the ones we're seeing in the persian gulf strait of hormuz and even the in the gulf go for belmont in the 1980 s. in the tank a war involving eram in to some extent iraq in the united states where there was war declared on tankers bound for each other the enemy rand would attack it tankers bamf air rack and vice versa ultimately the united states volunteered to represent other nations and damned certain tankers that were being attacked and in fact the kuwaiti tankers were reflagged as u.s. ships in the late 1980 s. . the flag of convenience states are parties to many of the international treaties there are questions and disputes among the experts as to the ability of those ships to be inspected investigated but a lot of that work is done by classification societies and again some experts will disagree that qwest haitian societies are equal in their repr

markets research at south africa based in teletext good have you with us peter so south african airways exxon trans net many of south africa's state owned firms facing huge financial and management troubles just how much of a threat to they and others pose to south africa's economy and massive build up of financial stress of the state owned. enterprises and you can always tell when the back is about to stop when people stop paying wages and that's when finally things start happening normally in terms of bailouts in terms of hopefully some semblance of reform but each month now we have a number of an s.o.s. who are basically trying and then sometimes failing to pay wages in full and hence now we have money coming forward from the budget which is going to be bailing out a number of the us who is most notably as calm they've given an extra $26000000000.00 rand this year and a $3000000000.00 round next year just about $4900000000.00 in order to keep the show on the road and ensure their house going concern there in the old it is the sign of the accounts which will come out next week so a lot of t

crude inventory showed a bigger aw down than expected helping exxon, chevron and hess.group left out of today's rally, bank stocks. all down as bond yields continue to driftni lower. fortly business report", i'm bob pisani at the new york stock >>> the minutes of the fed's last meeting were released today. they show officials growing more concerned about the economic outlook and many backed a move the economy continued to struggle. economists say that the minutes add to the sense that the central bank is prepared to lower rates when they meet at the end of the month. >>> let'sn t now to brian nick to talk more about the fed and the markets,en chief inves strategy at new veen. thank you for j us tonight. >> thanks for having me. >> as you heard, the guessing ewgame has hit a level today, it is either 25 or 50 basis points according t morgan stanley or bank of america, but everybody seems to feel rates will be 75-basis point lowre than theyoday. what is your guess? >> i don't think it is going to be necessary for the fed to go three times with rate hikes this year. nk wha

the exxon mobil plant produces products used to make plastic and industrial products.workers suffered minor injuries. fire officals say the blaze has been contained but hasn't yet been extinguished. we're just an hour away from a second round of would—be democrat candidates for president going head to head. this time the front runnerjoe biden will be up against nine other5, including the senators kamala harris and cory booker. 0ur correspondent barbara plett u5her is in detriot. the main action was this group of centrist candidates who went after the two top liberal candidates, bernie sanders and elizabeth warren, attacking their left—wing policie5 and plans to shake up the system and the5e and plans to shake up the system and these are the ideological line5 and plans to shake up the system and these are the ideological lines that divide the race. the two senators actuallyjoin divide the race. the two senators actually join forces to divide the race. the two senators actuallyjoin forces to defend their policie5 rather than attacking each other politically, and i would

united states firefighters in texas are fighting a blaze at a refinery belonging to the oil company exxon mobil it's the latest in a series of recent fires involving the petrochemical industry in the houston area authorities have warned nearby residents to stay indoors. but the u.s. federal reserve has cut its key interest rate by a quarter point to a range slightly above 2 percent now this is the 1st rate cut in a decade and a step for the u.s. central bank to counter several threats to the economy there's threats range from uncertainties that are being called by president donald trump's trade wars to low inflation as well as a not so good global outlook now the fed chairman jerome powell repeated the pledge to quote act as appropriate to sustain the expansion wording that the financial markets have interpreted as a signal for possible future rate cuts wall street did not immediately react to that rate cut and need to have been widely speculated. stephen beers from our business desk is here now and so stephen the decision i mean it has consequences everywhere doesn't it not just in the u

begged the question if the military can be why not with east bay congressman who passed a measure to exxondiers that were convicted. >> it's important to remember that america recognizes when it made a mistake, acknowledges and makes sure we don't do it again. it's important for the families as well and saw their loved ones live their life. they had done the wrong thing when they hadn't. >> the east bay is working with the park service to add a visitors center. >>> coming up the house votes to hold attorney general and commerce secretary in criminal contempt. >> a podcast is out featuring the resident conductor for the symphony. he talks about his time with the symphony, love of music and what's ahead for him. search bay area people in podcast. through was a flurry, they tabled a resolution to impeach the president, they are holding barr and ross in contempt of congress. the house voted to hold william barr and will burr ross in contempt of congress. >> the attorney general and the commerce secretary the targets of continue. the of congress after they defied subpoenas. it's bigger than the

. >>> and back here at home, and to that major explosion in fire at an exxon mobil facility in baytown, texas, tonight. multiple injuries. families rushing to the scene. the community told to shelter in place. black smoke seen for miles, people told not to open doors and to shut off air conditioners, as firefighters then battled the flames. tonight, more than three dozen people injured. and abc's marcus moore is on the exxonmobil complex in baytown, texas, started with an explosion just before noon. towering flames and a thick column of black smoke visible for miles. the fire burning in a facility that contains extremely flamable gas. >> we're seeing it lean a little bit more, perhaps. >> reporter: officials ordering area residents and schools to stay inside, turn off their air conditioning and keep their windows closed. >> i just want him out. >> reporter: mary landry raced to the scene after a call from her son. >> he said, a tank blew up, i'm trapped in the back and i can't get out. kiss my babies and tell them i love them. >> reporter: moments later, our station ktrk finding her so

exxon mobile local officials blamed a faction of the mobilization forces for one of the attacks but you don has not commented. in june the u.s. moved hundreds of diplomatic staff from its embassy in baghdad citing unspecified threats from iran. u.s. has also deployed thousands of more troops in the middle east since may. it is a critical timing across the region that is why it prompted the iraqi prime minister to issue such decree given the fact that there are fears from these military factions that might not abide by the iraqi military hierarchy there are also regional and international fears that iraq could not grab hold of the entire military establishment on top of it the popular mobilization forces according to the prime minister it is vital for the security of iraq to have the popular mobilization forces entirely under the military structure will as tensions continue to mount between the u.s. and iran many worry or iraq could turn into a staging ground for confrontation between its 2 biggest allies according to the prime minister's decree those who choose to integrate into the mil

exxon mobil's u.s.efining and chemicals operation faces disruption after a major complex in houston erected in flames. 37 people were injured. most suffered minor burns and the city briefly ordered residents to seek shelter. analysts say the shelter could cripple u.s. chemical business as half its operation is based at the site. global news 24 hours a day on the air and @tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ shery: thank you for that. news, beyond meet secondary offering is set at $160 per share. this is the vegetarian bigger company that has seen a rise since its ipo may 1. it surged nearly 800%. ons coming as shares plunged plans to offer shares. new price targets also showing analysts see further declines for the stock after the rise in its ipo. we are getting the headline that beyond meet secondary offering is set at $160 per share. after hours, seeing the stock sink almost 6%. beyond meet, lots of expectations for the c

exxon mobile's u.s. refining and chemical operation faces restrictions.least 37 people were injured, most suffering minor burns, and the city briefly ordered workers to seek shelter indoors. global news 24 hours a day on air and at tictoc on twitter powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. shery: let's now turn to sophie in hong kong for what to watch in markets this morning. bali missed estimates reporting a net loss of 130 $2 million and registering nearly $1.4 billion. we're also keeping an eye on dhp. close to redeeming a likeness to restart production after halting operations back in 2015. first-half results will be closely watched or the impact of those major supply disruptions and shareholders will wait to see if real will opt to return cash to investors or buy back shares. resolute also in focus after to expand itseal west african gold production and i just want to jump into the terminal at this point. this is where the fed is holding back further easing. a holding back at treasuries as trad

total, the french oil conglomerate, gets more of its revenues from north america than exxon mobil. you want to keep that in mind. from a pure investment perspective, as long as the u.s. continues to outperform on a gdp basis and as long as there's a strong case to be made that u.s.-based companies have better , there's fullh logic as to why they are outperforming. scarlet: i want to get your take, oliver, on technologies. sonsre talking about sam preliminary results and how concerning that is, considering that it is a barometer for the global technology industry. how much do you read into something like that and what it tells us about trade tensions playing out? oliver: much like the earnings report, it is important to look at the overall trend and not just pick out a single data point. technology has performed very well. it is the strongest performer year to date. there are still some areas that are growing rapidly. as a longer-term investor, there might be a blip, but the expectation is that over the next two years that continues to be a favorable area for investors. there are na

take a look at chevron and eggs on, two of the worst stocks -- exxon, two of the worst stocks.uy: it's fascinating, the turning round we are seeing ash turnaround we are seeing in the markets. -- turnaround we are seeing in the markets. with jonathan stubbs , an equity strategist. earningsming into the season. the u.s. market, the s&p, is trading circa 17 times one year forward. the average is around 14. in order to keep the equity market rally, how do we get the p orto the p -- up to the bring into a normal number? jonathan: global equities are trading around 16 to 17 times. the u.s. is 17 times. 50t is in line with it's year average. global equities do not look expensive. a look cheap. u.s. market trades on a 5% free cash flow yield. if tenure treasuries is up two in the core sector is generating cash yields, providing that cash flow is happening because we don't have a growth recession, and equity arc it is supported and dividends will be paid. in the cycle, share prices in the u.s. have tracked dividends per share. the u.s. is one great advantage over the world because corp

up the other names because we not only have tech but also food companies and big oil, chevron and exxond of the week, beyond meat, a new ipo that will have its first report. then you have big titans like -- former titans like general electric and kraft heinz. what they have to say about the economic crosscurrents and the trade situation will be of interest to investors as well. focus on one of the current titans, apple. what is expected? su: a lot of analysts are expecting lower profit, flat sales. some are very much focused on what they say will be the services. as apple moves away from its sales of iphones, what it has to offer in terms of apple plus, apple arcade, the credit card it is announcing with goldman which will be of great interest. a lot of analysts say sales in china will be key. they expect them to be down. china, viewed as a wildcard for apple in that it remains the largest market. how apple is faring with the trade concerns also will be of interest. for howl speak volumes tech is doing in terms of what apple has to say about the current events. increasel had a weekly bu

these waivers have been granted in great numbers to companies like exxon and chevron.hink that program was designed for those large oil companies to benefit. that is an issue that is of great concern here in iowa. hopefully, there's an effort by the epa to rein in those waivers. if not, that's an issue that farmers who are caucusing will take into consideration, in addition to the trade issue, if not resolved by february 2020. specifically, the issues of iowans are talking about are more than just agriculture. it is about the fate and future of baroque places and people. it's important for democrats and president trump to purchase -- to continue to articulate division not just for america but for rural america, where poverty rates are higher, an aging population, job growth is not as robust as an urban centers. hopefully, this campaign centers on this very important place to america. david: let's talk about rural america and the democratic candidates for president. we put up a poll for iowa voters that showed former vice president biden is out front. kamala harris seco

prosecutor don't exonerate people, you want exxon nation eu go to church. in a court of law, at best you are found not guilty, not exonerated, only way to account for that, is there were -- on both sides, i can't figure it out otherwise. mark: i >> if you think about it when they didn't have evidence and they didn't find evidence or announce evidence that support an indictment. the exoneration, if you want to call it, that came by process of law, if a person is not indicted and not proved beyond guilty beyond a reasonable doubt they are really as innocent as a newborn babe. mark: they made a decision, you either pull the trigger or not, they did something worse when we come back, pursue that with you. don't forget most week nights you can watch me on levin tv. sign up, blaze tv.com slash mark or give me a call, or 844-levin tv. and 9 times, bestseller list, they hate it, you will love it, we will be right back. ♪ did you know you can save money by using dish soap to clean grease on more than dishes? try dawn ultra. dawn is for more than just dishes. with 3x

certainly, we have seen when there is a sharp confrontation between two large economies, you can see if exxon business confidence pretty quickly and find it -- you can see affects on business confidence pretty quickly, but then we saw it unwind after that. it returned it to a much lower temperature, i think. with trade policy, we will be watching and trying to assess the implications for the u.s. outlook. [indiscernible] chair powell: the mechanical effects of the tariffs are quite small. they are not large. the real question is what are the effects of the economy through the confidence -- business confidence channel. it is very hard to tease that out. whicheen some resources says they are meaningful effects on output, as to say not trivial. hardunds right, but it is -- there is no way to get an accurate measure. businesses will tell you that it is a factor, particularly businesses that have supply chains that cross international borders and they will all tell you that it has been a challenge. any of you have made challenge. -- many of you will see that it has been a challenge. >> paul from n

i think we have to hear from the heads of ford, gm, walmart, apple, exxon, g.e., what would happen afterhat company if someone used language or they as a ceo used it. this kind of thing gets normalized if people don't make clear how abnormal it is. >> good point, susan, your analysis? >> trump gave him the script. to the extent he wants to distance himself, it's not like attempts from distance himself from lock her up. he knows how the game is played. this was an unbelievably chilling scene, and even today it was a mild, well, i didn't love that they were saying that, saying this was racist wrong and i never want to hear it again. >>> there's much more on all the breaking news, right after this. "what do we want for dinner?" "burger! i want a sugar cookie! i want a bucket of chicken! i want....." "it's the easiest, because it's the cheesiest" kraft. for the win win. (driver) relax, it's just a bug. that's not a bug, that's not a bug! (burke) hit and drone. seen it, covered it. at farmers, we know a thing or two because we've seen a thing or two. ♪ we are farmers. bum-pa-dum, bum-bum-bum-

a fire burning in an exxon mobil refinery in texas. this is now and it has officials warning people, don't go outside. they believe this may be serious, a spokesman says six people are hurt, which is serious. the injuries are not life threatening. this is baytown, about half an hour or so outside of houston. the city tweeting that everybody in an area west of the plant needs to shelter in place. you can see the area in the green there on the screen. it's a rudimentary map. there's a news conference underway. the tweets indicate it's such abundance of caution. let's listen to what they're saying. >> a fire and explosion. we do not know what the cause of that incident is. i can tell you, we're going to work diligently to figure it out. make sure it doesn't happen again. >> shepard: well, as they figure it out and learn more, we'll monitor it. the moment we have a bit more information we'll bring it to you. now back to the matter at hand. the dow is down 250. down more than 400. every word the fed speaks, the markets reacting. looks like

we will be getting more earnings with shell, exxon, and chevron.y total? annmarie: therefore percent compared to a year earlier and 4%t is how they -- they are compared to a year earlier that is how they be. it is due to low energy prices, particularly natural gas. they are trading around three year lows and that is really what is suffering. acquisitiont there of bhp. those assets boosted reduction. there cash flow was up 17% from a year ago, $18.2 billion. it was a pretty strong quarter. we will see how the next leg of big oil majors do. we have shell, exxon, and chevron coming up. highlighted for bp? annmarie: he is definitely talking about the persian gulf and erode. -- iran. month, the british defense ministry said the iranian navy had to -- tried to intervene. they do not want to send british ships there. they went to go unload cargo in the gulf and ended up leaving empty-handed. -- iranian vessel near gibraltar, many say that oil is going to siri, so that -- syria, so that could be a political situation. scarlet: talk about oil prices now and

watchdog and track tracker alliance, uncovered forms that showed regulators had personal investments in exxon mobil, vp, valero and are the petrol giants. the groups say nearly half of the 2100 well permits in 2019 have benefited the oil companies invested in by agent officials. they're also asking the government to fire the officials at the department of conservation's division of oil, gas and geothermal resources. >>> the u.s. fish and wildlife services is temporarily drawing a plan. the california coastal commission asked the agency for more information about the impact on wildlife at a meeting in san luis obispo yesterday. conservationists say the 200 pounds of poison will kill sea birds that breed on the island. they're urging for less toxic measures to deal with the mice. the fish and wildlife service will now have to resubmit the plan. >>> a measure to the ban on vaping has made it onto the november ballot. a group for the coalition is behind the push. they're funded by san francisco based vaping manufacturer jewel. the group wants to replace the city ban with what it calls stringent r

big names include apple, exxon, chevron, and general motors.ifornia, at least three people killed, 15 others injured. we'll take you there for the latest. "mornings with maria" begins right now. ♪ only the beginning. ♪ only the beginning. ♪ only the beginning. >>> we have a huge show this morning. joining the conversation, lee carter, jack howe and mitch rochell. also on deck this morning, former speaker of the house, fox news contributor and collusion author, newt gingrich, former whitewater independent counsel, robert wray. and asian fellow curtis chen is with us and forr