exxon knew 40 years ago. a decade later the fossil fuel industry scientists telling them the warm effects of their car go car -- carbon emissions could double. it would cause the disappearance of specific ecosystems, destructive flooding and low line farmlands. and that new source of fresh water would be rewired and dploe global changes and air temperatures would drastically change the way people live and work. the change may be the greatest recorded in history. the american midwest, other parts of the world would be desert-like. that was in the mid 1980s. you know what exxon's executive says. this problem is not significant to mankind as a nuclear holocaust or world famine. and they continued to drill. exxon, shell, mobil and others knew that their profit would not stand profitable unless the world understood the risks. they use the same consultants that tobacco company used to launch a huge communication effo effort, to develop strategies on how to fool us. tobacco companies were primarily harming people wh

i was watching exxon and exxon reported one nor terrible quarter driving the stock down to levels whereven't seen in nine years now exxon is considered a show-mshow show-me stock but a slow and steady oil stock safe and conservative. now that it yields north of 5%, hence the 4% decline why do i bring this up this is incredible exxon is now worth $263 billion. just three years ago it was the largest publicly traded company on earth that wasn't a fluke. largest. exxon was one of the largest companies around for ages. more than a decade and now they say high school what happens when oil plummets but it hasn't. it is bouncing between $50 and $60 for a while now. and technology allows them to get more oil from each rig and the permian basin has been better and have pipeline to ship to the gulf of mexico so let me put it this way. four years ago the price of crude slipped below $30 a barrel and exxon was trading in the mid-70s and now it is at 62 even though oil is much higher. how do we explain it why is the stock so low? i've said for a while because i think exxon is in the toss ill fuel bu

gas stations in canada is a subsidiary of exxon in fact exxon owns nearly 70 percent of imperial which aside from being in the gasp our business is also a major holder of reserves in canada's controversial tar sands like exxon imperial has been accused of climate change denial and pushing its own agenda instead of facing the potential crisis in response to that and other accusations imperial has been battling anything that may look like environmental ism for a very long time in the 1960 s. imperial oil began actively hiring consultants to combat future public backlash in regards to its relation to the environment documents from the time show the company was aware of the connection between fossil fuels and climate change but instead of adjusting its business to fight the threat it viewed the melting of ice in the arctic as a business opportunity knowing what it knew by the 970 s. imperial oil was aware that resistance to the oil industry was likely going to grow and in response the company took things to the next level surveillance. in a 1906 report compiled to develop strategies for re

exxon and chevron. let's look at the charts and see what we can figure out so, first, it's weighty now. right here, we're back to the level when cisco was worth more than any company in the world. we're below that energy is 9.5. we're never going to get there again, i don't think but here at this low level of 4 and change, we'll move back toward 5 1/2, 6% of s&p. individual charts on the sector, let's put some lines in. no judgments by me, no an oitations. is it a down trend yes, it is has it broken above the down trend? you're darn right, it has. let's draw the lines a different way. has it come out of this sort of wedge to the upside? yes. can we call it a certain formation? a little double bottom yes. can we call it a held and shoulders bottom yes. can we put in our trend line and make the case that it has broken above? yes, it all implies higher i think you want to be long this yaarea of the market and you can use xle as your vehicle. >> that was really interesting and i actually understood it that

the cause of some of exxon's problems -- cash flow.to buy back shares because the current yield is 5.6%, and that is exceeding the amount of the cash raised for the eighth time in 10 quarters. another source of cash burn is the $35 billion a year effort to rebuild. -- rebuild its upstream portfolio. it is not just exxon that is down, so is chevron and philips. those stops plunging, a real drag on the s&p energy index. that is the lowest in 2.5 years. we leave you at the crossroads that big oil is apt because of the focus on climate change and the role of fossil fuels. for shareholders who own dividends. they are wondering what is that political focus like, especially when the quarterly results are week and that undermines shareholders confidence. that is your stock of the hour. guy: viviana, thank you very much indeed. coming up at the top of the hour, you will want to pay attention. fed chair richard clarida is coming up. i cannot wait to hear what he has to say. we will take it on bloomberg tv and bloomberg radio. this is bloomberg.

exxon and chevron both disappointing to the downside. we do want to drill into exxon.lot of money. they spent more than expected in the fourth quarter. they have telegraphed it and investors keep telling them they don't like it. they also have solid permian production growth. 54%. that was less of a growth rate than they had seen before. if there crown jewel of shale production is seeing growth rollover, that is a problem. romaine: hasn't this always been a problem story, is that white we have not seen performance in the stop? alix: there are so many reasons. --micals, margins have been also the big one is exxon is not doing what people want. they are focused on spending rather than cutting costs. what you got? romaine: i have reynolds. this is a big deal. this is the biggest ipo we have seen from a household goods makers. there are two interesting things. they were able to price relatively aggressively. it came in at 26. keep in mind the ipo market has been lackluster since you have the uber flop. then of course the wework debacle. there was some concern we would not

exxon stock prices at a ten year low.oth of them now have attracted dividend yields of about 5% so you know and those dividends for these two companies are safe, andrew, in my opinion as opposed to some of the other more speculative dividend yields. >> which one would you buy right now? >> chevron has the house in order more than exxon mobil does right now. also, too, exxon mobil has a high exposure to u.s. shell prices and global oil prices and refining and chemicals so even if you get the rebound in oil prices exxon gets squeezed with their units so it's not a really good story right now. >> meantime. talk about the coronavirus and impact it's having. >> transportation fuelled demand is the first casualty in these epidemics. now people are starting to put pen to paper we're seeing gdp estimates potentially being cut as much as 2% this is hurting. we're already seeing it. oil prices got cut almost in half during the sars outbreak so now we're seeing -- >> is that an overreaction >> overreaction? >> back then i would say

we like to have some that have more opportunity exxon falls into that category. >>> let's pivot -- i wanted to talk about amazon and the earnings after the bell. i will do that in a second relative to this conversation and who is selling or buying microsoft, we made a big deal about this yesterday, you sold it into the number. >> uh-huh. >> you still have calls. >> i do. i have some tide. >> they are working well today. >> extremely well. i am better off on this move to the upside being in the calls than in the stock. if i am in the stock i am up 4 or 5%. sounds fts. >> no regrets. >> no regrets because i got for opportunity because i knew the risk reward potential for the calls that i own what i paid for them was the most i could lose to the downside i didn't expect to see the stock trading where it is. those options have gone from 165 to over $8 i will take that trade all day long if i can. it is not that i was smart it is that i was fortunate and lucky that the stock reacted the way it has i will give you more detail on that trade later on. >> joe, you own microsoft, too great qua

week since october and check out the earnings disasters that are helping fuel the losses chevron, exxon and caterpillar all weighing on the dow after disappointing reporting this morning. but u for more on the big selloff on wall street, let's bring in seema at the new york stock exchange >> and morgan, losses started to accelerate following that weak pmi read for the month of january plus those elevated concerns around coronavirus. goldman sachs estimating it wil lower china's gdp by 0.4% which economists say will have an effect on u.s. growth in the first quarter. no relief for the oil and gas producers. of the energy companies who have reported, about a third have fallen short double digit percentage declines for a number of energy players noble down 20% no surprise, energy and materials, the two worst performing sectors this year and those industrials under pressure yet again. caterpillar's ceo very cautious on 2020 saying sales expect to come in flat to down 5%. >> and now for the latest on the coronavirus, which is contributing today's sell off as it has been on sell offs over the

want to fund or give loans to whale companies a lot of investors not wanting to buy the stocks of say exxon mobil we haven't seen as much of a protest to these and direct links like this where siemens isn't exactly you know investing or are building the actual project but in silicon valley there has been some of these interact push back so companies like google and microsoft have also seen. they've also seen a simplicial back but it's mostly been directly on the oil and gas and fossil fuel companies so far. that's a delay in fact thank you if you are traveling in china and leave glittering big cities like shanghai and it becomes clear that the economic boom that made china rich does not permit the whole poverty still is a big issue especially and more far flung provinces now i mean she's in pain has made a bold promise to eradicate poverty in china by the year 2031 key measures is education. leaving zhang doesn't have any running water his family only has the bare sensuous as small farmers they earn around 120 euros a month but leming jain once a better life than his parents that's why he's

exxon's piece as fast paced sometimes really funny. sometimes bizarre. as was. in any case it's easy to follow and very different to the 2nd half of the evening. this was created by choreographer from israel and her p's minimalism meets modern dance using monotonous techno life she arranges the dances of the state ballet like a swarm their movements sometimes unsettling. sometimes powerful. and. strong as the name of shot on a piece she has added new variations to her typical geometric patterns half of the performance point. to talented choreographers created one spectacular night of dance reason enough to celebrate. most stories on the web site as always. thanks for watching and join us again at scientology or if you carol. actually the risk meter just shows numbers but red shows much. the same for obama. mc. tom. tom. credit card the way to get where you're going. with the mobile auto and mobility show every week on the w. i was issued when i arrived here i slept with 6 people in a room. it was hard to shred. i even got white hairs that. benefit my language no

by line chevron exxon i said they're oil companies, forget about that, jake. >> worst profit for exxonree years to date. >> it's 5% yield so a 5% yield from a fossil fuel derived -- fossil fuels, david, are on the run around the world. >> they're still used, though, i believe. >> it doesn't matter >> filling up their gas tanks with oil-derived fuel. yes. >> in 1982 i met with the president of -- i met during a period where there was a lot of investment in south africa, i met with the president of harvard and i said this is a disaster you got to get out of the stocks he said the companies are doing well huh. harvard sold them all. this is what's going to happen >> we have talked about the fact that we have a shrinking investor base from which to get interest >> and it ain't going to be taken over look how occidental did after it made that acquisition. notice i didn't say your friends at occidental. >> appreciate that it's been a poor performer, the commodity has come down of late. >> that's understated. >> drop below 40 yesterday >> 2,000 gas stations in this country with sub $2 gas and

exxon's pieces paste sometimes really funny. sometimes bizarre. t.v. still. in there any case it's easy to follow and very different to the 2nd half of the evening. this was created by choreographer from israel and her piece minimalism meets modern dance using monotonous techno like she arranges the dances of the state ballet like a swarm their movements sometimes unsettling. sometimes powerful. and. strong as the name of shot on a piece she has added new variations to her typical geometric patterns how for the performance. to talented choreographer has created one spectacular night of dance reason enough to celebrate. those. more stories on the website as always d.w. dot com slash culture thanks for watching and join us again at same time tomorrow if you can. again asons they call him the king of the homeless. christos on a fun chase. he reminds jobs for street people in his own cafes. be help them start their own newspaper. one best of all easy to restore their sense of dignity was. going out minutes. 30 minutes on doubling. in the. climate change. for a go

exxon's piece this past paste sometimes really funny. sometimes bizarre. just. sworn. in there any case it's easy to follow and very different to the 2nd half of the evening. this was created by choreographer from israel and her piece minimalism meets modern dance using monotonous techno like she arranges the dances of the state ballet like a swarm their movements sometimes unsettling. sometimes powerful. strong as the name of a shot on a piece she has added new variations to her typical geometric patterns powerful for the performance. to tell and to choreographer has created one spectacular night of dance reason enough to celebrate. most stories on the web site as always that. culture thanks for watching and join us again at the same time tomorrow if you carol. listen. to this meters just numbers but let's. play. some. smart ways to get clear goals. play long mobility show everybody w. . closely. listen carefully. to get good. lead discover. the luck. subscribe to documentary on. let. it be presented americans at some point will experience hardship. frankfurt. interna

i think exxon and ge were in the top five market caps and microsoft and intel and others took turns being the largest market cap. >> why is that bad, bill why is that wrong? >> because there's only a few things that are guaranteed in the investment business, brian, and the number one thing that's guaranteed is things will change in all of our economics classes, we learn that if something is extremely profitable from a microor macro standpoint, people will keep coming in and providing new competition to that and marginal profit gets driven to zero in the stock market, the thing that's been the most profitable has been buying revenue growth stories in an era where revenue growth is hard to come by. so our argument is this is the antithesis of 1981 it's exactly the opposite of 1981 because 4.3% of the index is in energy and back then it was 29%. so think about what that means for technology if you want to make above average returns over the next ten years >> yeah, james, what do you think? are you worried about it >> i mean, look, there's nothing magical about the trillion dollar valuations.

exxon has said they have measures in place to monitor the health and safety of all of their people. they don't go into more detail than that, but they've got to be aware. there's a number of american employees for those oil and gas companies stationed over there. >> stephanie ruhle breaking it down for us as always. thank you. >> thank you. >>> on the heels of his massive decision on iran, the president is spending a quiet day at mar-a-lago until he speaks to a key group of voters that helped send him to the white house, white evangelicals and christians. will today's news be front and center on their minds? ront and center on their minds? do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. the sleep number 360 smart bed. prices of the season on can it help keep me asleep? absolutely, it senses your movements and automatically adjusts to keep you both comfortable. it's the final days of the lowest prices

you have dow, chevron, exxon, visa all down between 3.5% to 5 35% at this stage. weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪ 100% online car buying. carvana's had a lot of firsts. car vending machines. and now, putting you in control of your financing. at carvana, get personalized terms, browse for cars that fit your budget, then customize your down payment and monthly payment. and these aren't made-up numbers. it's what you'll really pay, right down to the penny. whether you're shopping or just looking. it only takes a few seconds, and it won't affect your credit score. finally! a totally different way to finance your ride. only from carvana. the new way to b

names like exxon mobil and chevron, i guess the impression that we will see slower growth and slowerge of crude and the rest. >> we have been saying that for a while. we have always said there's too much crude in the world right now and global growth this year although the numbers are up a little bit, it does not match what oil production can be. i think some of the oil coming down is a trade on travel et cetera. but i don't see any reason for oil to rally unless we have news out of the middle east and tension. otherwise there's plenty of oil in the world and i don't see any stocks rallying anytime soon. >> what has brought in the discussion to all the markets in a way, you saw france and germany all down. you begin to wonder where is an area of where the flows will go at this point. you look at the ten year yield while people are piling into government treasuries and the yield at the moment for the ten year has dropped to about 1.6, 1.607, down eight basis points. give me your sense of how long it takes before investors will wrestle their brains over to the earning sides versus the

the s&p right now the dow's numbers are funny at this point because it's up so much dow chemical, exxonvisa the biggest losers, ibm is up. outside of the dow, a great quarter from amazon, a strong quarter from microsoft given all that and the run we've been on, how seriously do we take this? >> it's not a comprehensive washout in any respect the last three days we've had a huge top-five nasdaq name that holds things together but also it confirms a little where the market's already leaning its bets are heavily on the giants of secular growth and the defensive stocks today you have true liquidation in things like energy and to some degree the transports >> you have to wonder if it's essentially now going to be a wash in terms of the data we get in the first quarter we already knew it was going to be noisy in the u.s. thanks to boeing, but everything that's going on in china and what coronavirus concerns are going to do and how that's going to rip ail cross the world as well. >> initially for a while, i guess, for months if this goes on, that's going to cause estimate cuts and people to do

with exxon and chevron, they are going for steam ahead.hery: take a listen to what the ceo of bp had to say about why they are going ahead with these initiatives. >> 2 billion more people on the planet, one third more energy needed. we need to reduce emissions, increase energy. we have to be really careful about our investments. it has changed a lot in the next decade, it will transform in the next decade. companies need to get on with this. shery: just quickly, will this lead to some concrete steps? we have been talking about climate change for years. but there doesn't seem to be a concrete action plan that these companies seem to be carrying out. simon: there is no firm understanding for how you measure scope three emissions. that is probably the first realistic step we can expect to maybe see. but that could maybe not come this year, it may come in later years. it is a very complex issue. there is a lot at stake. future strategy for these giant companies and where they go from here, they have not had a particularly good last few years.

on today's watch list, reports on personal irn come and manufacturing and earnings from chevon and exxon-mobil. there is a cancelation of flights to china as crews are talking about exposure to the coronavirus. american hasn't commented on the lawsuit but had will temporarily halt flights from los angeles to beijing and shanghai. this is the biggest threat to airlines since sars at the peak in 2003. well amazon investment in one day shipping may pay off. they now have 150 million prime members, a jump from 100 million announced back in 2018. jeff bezos said the number of items delivered with one day and same day shipping more than quadrupled in the fourth quarter and that may have contributed in the jump in the fourth quarter earning which easily beat the forecast. >> he made billions yesterday just on that news. courtney, good to see you. >> absolutely. >>> coming up, vianey tracking the weekend forecast. >> i contributed to that. i use prime so often it is ridiculous. and the one-day feature. we're in the 40s. low 40s for napa but it is a pretty warm day today. how warm and what can we expec

the new platform is set to launch in april of more than 11,000 exxon and mobil gas stations all around the country. >>in virginia more shopping malls could soon allow people to drink boos while you newly proposed law could expand an open container alcohol lot more shopping centers. currently just for shopping centers in virginia. let people buy a drink at a bar and then go walking around with that drinking a special cup. and right now only development someone at least 25 acres can apply for this thing, it's called a commercial lifestyle center license. but a new bill would shrink the required acreage down to 10 acres allowing npsmaller shopping centers to apply for the licenses. the idea here is to try to help brick and mortar businesses compete with online sellers by making shopping more of a fun experience. >>still ahead new assault charges filed against harvey weinstein where >>every weinstein has been indicted on new crime charges in los angeles just as his trial on separate rape and assault charges in new york was about to begin weinstein has been charged with raping a woman in la

well also work the new platform will launch in april of more than 11,000 exxon and mobil gas stations all over the country. after more than 20 years little caesars pizza they are bringing back delivery. >>the service began today at 90% of its stores. little last delivered pizzas about 20 years ago, but back then delivery service was offered it far fewer locations. the prices will be the same as a on the takeout menu, but there will be a charge for delivery. >>tensions in iran continue to rise after the president sends out a fiery tweet that's president obama how you shouldn't have to live with pain. you shouldn't have to pretend you're fine. you shouldn't have to be the ambulance. you shouldn't have to be thinking about the cost. you should just be focused on her. covered california can help you find a health plan that fits your needs and budget. because we believe you shouldn't have to choose between the life you've built and the care you need. at at&t we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and becau

increasingly, it's large independents and majors like exxon, shell, are increasing their footprint, but much more conservative their approach at least in some cases so we're -- i think even if we see a price increase, we're likely to see a slower reaction from the shale industry than we've seen in the past in the case of previous price increases and the lag, the amount of time that it would take from a price hike to translate into production increase is going to be quite significant. it's not going to be instant. it's not going be something that market can rely on in the event of a supply disruption. if saudi production goes down, we can't count on u.s. production in north dakota or texas or new mexico to immediately ramp up production to make up for that supply loss. >> we'll go to mike. crystal city. democratic caller. >> caller: hi, i'm wondering -- i heard you say i guess china and japan and all those countries are dependent on the saudi oil and oil coming out of the persian gulf. now, why aren't they down there protecting the straits and why do we have american soldiers in saudi ar

maria: welcome back energy earnings in focus this morning, exxon, mobile, chevron reporting as concernsnd grow grow. tell us what drive it is market in the fourth quarter as we wait for major numbers of the four companies? >> it's going to result in the majority of earnings, this does look like a downcast kind of quarter, quarter on quarter both companies should probably produce lower earnings than they did a year ago. maria: why, is this a demand story, we are talking all morning about the global economy and whether or not we are actually seeing impact from the coronavirus, impact on china, coronavirus is spreading, raising concerns about the global economic growth story and the demand of energy, the world health organization is now declaring this outbreak a global health emergency, and the house emergency and commerce committee is holding a nearing next week, this is important. saudi arabia is looking to move the next opec meeting for march to early february, so factor that in. >> yeah, so two things, first the quarterly results, you know, the big drivers are oil prices are relatively

shows the extremely hypocritical nature of sanctions he's a selective sections and he's sharing on exxon any massive us corporation. benefit from the exploitation of another country's resources whether it's venezuela or career 'd or about we 'd going to cause the trump government will look the other way. but the sanctions this blockade is 'd airtight when it comes to punish any every day 30000000 people of venezuela well u.s. strategy has always been so over told both 'd are in revolutionary government so they can go into venezuela 'd unimpeded unshared 'd these are 'd some of the most massive oil reserves 'd in the entire world 'd 'd. tons of waste are piling up on the streets of rome with politicians cooking up a stink over has to blame. we're here in a rather central area of the city but in other areas the situation is even works to see every neighborhood devastated by the buzz of rubbish that's there any most such as miners see goosen wrong with the waste on every street. but think it's useless to vote for our politicians i received a minimum pension and i have to pay a lot of munici

share on exxon any massive u.s. corporation can. benefit from the exploitation of another country's resources whether it's venezuela or career 'd or was about we 'd going to cause the trump government will look the other way. but the sanctions this blockade is airtight when it comes to punish any every day 30000000 people of venezuela well u.s. strategy has always been civil with all the both 'd aryan revolutionary government so they can go 'd into one as well 'd 'd unimpeded unshared 'd these are 'd some of the most massive oil reserves in the entire world 'd thanks for joining us here on r.t. international and to get in touch in shanghai all things on all of our stories by following us on social media well back at top of the hour. liz. lemon. live. live. live. live live. live . live. live. oh. please. live. live. live. and a very warm welcome to you you're watching us inside. what politicians do you can. put themselves on the line to get accepted or rejected. so when you want to be president. or somehow want to. have to go right t

extremely hypocritical nature of saying since he's a selective sation and he certainly shared one on exxon in the mess of us corporations in. this it really exploitation of another country's resources whether it's venezuela or career 'd or was about we 'd going to cause the trump government will look the other way. but the sanction this is located is airtight when it comes to plenty shady every day 30000000 people of venezuela well u.s. strategy has always been simple with roll the ball 'd largely in revolutionary government so they can go 'd into one as well 'd unimpeded unshared 'd and these are 'd some of the most massive oil reserves in the entire world 'd. on the program it's nice palminteri minister matteo salvation ahead announced on trial over his decision to turn away like one of the rescue buttons that story coming up in just a few moments. join me every thursday on the alex i'm unsure and i'll be speaking to get us to the world of politics or business i'm sure business i'll see you there. welcome back facebook's been purging its network of content deemed undesirable again taken

free speech that now makes it unconstitutional for congress to regulate the corporate speech of an exxon mobil or goldman sachs and so this has had massive problems for our democracy it's amazing because individual citizens here in america are very restricted to how much they're allowed to donate to their favorite candidate on the other hand you have these corporations was really highlights that princeton study of they could give a 1000000000 if they want to the super pacs and yet. you're like restricted to a few measly little $1000.00 sort of donations to your candidate you can donate more to the party what sort of influence do you think this has on an outcome in an election verse is your $23000.00. it's their problem but the question is how do we get rid of it and it seems to me that we have to come up with another source of funding i mean the reason that probably titian's go for all this lobbying is they need that support for their their campaigns and so then it seems to me the 1st thing we have to do is really educate people about what money is and where it comes from and the fact th

who were saying reich mattis and the former foreign secretary i forgot his name he was the head of exxon. if eliminated and. not heard in the 1st place he surrounded himself with people with connections to religious fundamentalists this is becoming a millennial in the sense of in the world millennial. context battle between religious extremists on one side but the in fact the iranians while my name may appear to be. illogical is probably of an excellent chess player and i think the kit the strikes were calculated. with precision to put trump into this kind of decision difficulty because if he does attack he knows he's entered the war and many of his voters did not vote for that. and it could give the impetus for a much more. rapid. impeachment on top of that so he's delicate and then at the same time he's. trump has painted himself as a great fighter and nationalist in the very or patriot in the worst sense of the term. so. he might be tempted and with bad counsel to take really dangerous action. so trump the iranians were probably very careful to make sure that the rockets hit the outsk

i wonder about you are pointing very specifically to exxon and the fossil fuel industry. do you think there's more blame to go around or -- you're pointing very specifically but do you think that's productive to point at one specific -- >> i think it's absolutely essential. for too long, even the environmental movement talks about sustainable energy and windmills and southeasterly panels and don't point their finger at the culprit. even the most famous environmental organizations, because it's scary. we've got to acknowledge what is happening, because no matter what we do, we can pour billions of dollars into building out windmills and alternative energy, but if they keep building and fracking and exporting, it's not going to make a difference. so we have to start calling out the people who are responsible. and it is not our fault. okay? it will be our fault now that we know and we don't do every single thing we possibly can, but what's brought us to this is not our fault. it's the fossil fuel industry. >> you mentioned several times in your speech the next administration

it's selling off following that but this is a dividend yield of exxon versus at&t and ibm. these are three current eor former dow stocks. they're so far above the s&p yields of 1.8% and it shows you the market is saying we don't know how safe these dividend streams are and we're not willing to take the risk of holding the stock just to collect them exxon has crossed, at&t. exxon was not too long ago a triple a rated company people are saying energy is in runoff mode right now. another factoid, it yields 5 or 6%, somewhat more than junk bonds yield at the moment. >> mike, the only very slight positive is that oil prices are down more year-to-date than these stocks are by a tune of 5% but you're talking double digit decline still for both. >> it's all about where you start that comparison from of course because last year it was quite the opposite so i do think, yes, perhaps it shows you that this is much more about investors deciding to dump these laggers that have disappointed so much as opposed to trying to handicap exactly where energy prices are going to me it still shows

exxon which is a dow stock is down 1.8%.but i look at that, you see the nasdaq actually on the upside. i do want to check going one more time. that stock is up $6.50. i will use the speculation that warren buffett is kicking tires on boeing, but not to buy the whole company, obviously, but maybe to invest in it, with the stock price at a low. recently it has been 320 to 330. maybe buffett is interested in taking a investment. >> when everyone else is running away. stuart: he is not a tech guy. he is industrials guy usmca passed the senate finance committee but will be delayed in the full senate by impeachment. our time is up. here is neil cavuto. it is yours. neil: we're following up on the president set to brief congressional leaders on the iran situation. this afternoon the so-called "gang of eight" includes likes of mitch mcconnell, chuck schumer, nancy pelosi, kevin mccarthy. leaders of house and senate in both parties. secretary of state mike pompeo defending the strike that has been a source of this controversy, saying

we going to do what is right for the american people, or are we going to do what is right for the exxon mobil corporation and the people who run it? wayy single question in its comes back to this idea of this government is broken, but it is serving corporations diligently and faithfully and it is during american people under the bus. that comes out in every question. and it is painful to go around this country and talk to citizens, perfectly wonderful, hard-working americans, and see how badly they are being treated by their government. it is upsetting. to me, it is a straight up question of right and wrong. and really, that is why i am so determined to break this corporate stranglehold, because it comes down to cruelty to americans. really from the time you are born to your last breath. and it is just wrong. election is this about and that is what are here on the campaign trail. host: let's go to john in philadelphia on the democrats line. caller: mr. steyer. hello. guest: good morning. caller: how are you doing? guest: good. caller: you probably know this, but what you see above trump

cars you can say alexa pay for gas it's a cashless transaction at $11000.00 exxon and mobil stations stuff like this will be commonplace with 5 cheese service already up and running in some places and in all major usa cities and 2024 g. enabled routine changes like in transformed music streaming obsoleting c.d.'s much higher 5 g. speeds will do that to video facial recognition will literally open doors so why is 5 g. taking so long f.c.c. chairman pi's says help wanted installers to climb towers in demand in the full employment economy there's so much going on in 5 g. . we've got tablet devices for agricultural use where you can use a drone and control the drone and look at your wives stocking and know arm i've thought where they should be i can control farming equipment i can utilize it in a hospitality or one of my personal favorites is what we do with our 1st responder community and in particular e.m.t. they're out there to save lives and so we've developed a prior focused around they need their hands so this is a product that you can where you can touch it you can have a video ca

asked mark hughes co of morgan creek capital if you want to read just on twitter it's guys reported on exxon by. join me every thursday on the alex i'm unsure and i'll be speaking to yes of the world of politics or business i'm show business i'll see you then. trade and investment to become magic spells to economic development. most people think about trade they think about goods and services being exchanged between countries and the invest for chapter of a trade agreement as opposed to looking very different but what when investment leads to toxic manufacturing that destroys sacred sites all the environment. that means if local communities that are being poisoned to think object if they do anything that the company feels is interrupting their profits they can do serious. national zoo taking on the whole nation philip morris is trying to use i.s.t.'s to stop tour of the white implementing new tobacco regulations aimed at cutting domestic smoking rates a fringe company sued egypt because egypt raise its minimum wage democratic choice of a trump corporate. joint says we try to find don't want

cryptocurrency fraud using bit corn is being interrogated by french police and hospital that's according to exxon of an explorer who says he was at shorted to france from greece in secret after the supreme court in athens ruled in favor of moving him when it was arrested 2 years ago at washington's request has been fighting against extradition to the united states and france the u.s. accused him of laundering at least 4 $1000000000.00 worth of bitcoin i mean iran a digital currency exchange which facilitated cyber crime and drug dealing he's denied those charges stating he's a technical consultant and that he's been set up. well his lawyer told r.t. he was unlawfully taken from hospital in greece where he was being treated after a month long hunger strike. alexander disappeared today he was taken by police forces who ordered the doctors to release him even though he was exhausted and on the 35 day hunger strike as his lawyer i assure you that they had no right to take him because today's decision by the supreme court was not executable i have been in contact with all competent greek authorities t