the oil spill when they get take our money to clean it up another major one twice the size of the exxon valdez is underneath brooklyn i also used to live there really and most people don't know it's there it just gives everyone cancer mainly around the green point area and exxon mobil is cleaning it up and it incredibly slow rates oh my god underneath the streets thank you so much and yeah i think you . here are your headlines from the future tomorrow you'll read president trump spotted on street corner engaged in screaming match with mailbox. keep him busy and then january you'll learn f.b.i. announce a successful vanquishing of all eco terrorist terror attack tools flying over idaho they finally got him and in november. you know on musk unveils robotic penis to be used to compete with the unstoppable virility of impending ai overlords oh thank god that's our show but you can join our free e-mail list by taxing the word redacted 233777 it's totally free also check out my new book full of comedy politics and revolution at least camp book dot com and until next good night and keep fighti

on evaluation basis, they are better run than exxon but trading cheaper.es enterprise value to ebitda that's a full turn cheaper than exxon is that poised them for the noble acquisition that you were just eluding to but at the end of the day, oil prices and that's what the oil integrated is. you can think about them as a play on their proven reserves. the fact is oil prices will be driven at the margins and when demand falls as much as it has done, that obviously is going to keep pressure on oil prices for a relatively extended period and expect that to continue. of course, it's not really a long term play to get involved with the petroleum business at all. >> yeah, i mean, just to kind of put a point on this, we mentioned 7% dividend yield for chevron, i'm saying right now what is close to a 10% dividend yield for exxon at these current prices on a trailing 12 months basis. certainly something to watch there on that trade. >>> well, it's time to take a tweet now. this is from joshua. and he asks shourld i invest in ge for a chance of a rebound guy, we'll

morgan chase biggest bank or exxon mobil you basically have 2 choices one choice is to meet the requirements of the institutional structures that exist and work to maximize profits. no matter what the human consequences that's one choice the other choice is to put those aside and work to create a decent world suppose you make such a choice in your be at least thrown out by the board of directors and somebody else is good in who makes the 1st choice these are institutional. not individual no that's not to say that it would be change within existing institutions it can so take j.p. morgan chase again biggest bank you know recently internal memo of the bank was leaked and made public it's very interesting it weren't the directors of the bank that this in their words the survival of humanity is at stake if we continue on our present course of funding trouble feels that it added that the bank is facing reputational risks meaning the public is getting and rage and will take its revenge on you and harm you the leaders of the bank unless you make moves towards that we're going to save humanity from

you mentioned exxon mobil. is chevron safe? which are the relative safe?r to be the safest dividend but just by the numbers, chevron is safer what differentiates chevron is it has the least amount of debt. so worst-case scenario, they have the capability -- until the market clears up and cover their expenses that way. they could do that for three years before they appear that's how little they have and that gives them the runway of dividend safety. having said that, though, if the hurdle is dollar 45 to $55, we do think we'll be that then. >>> the suppliers are closest to the customer if demand is the issue, that probably will impact refining most sharply integrated, the major oil, also have is exposure to verticals that are actually working in the ped chem space, and other plastic products so by and large, it feels like the integrateds have a clean exposure to more sustainable different. >> sam morgue lyarg olin, thanky much. >> thank you very much >>> let's get a check on the bond market right now. rick san teleirtracking that, some talk of about that in

exxon mobile, oil major in the united states over the could you rephrase the last year has seen someity. we had gained about 80% here at one point from the covid-19 lows now we're down another 30% at this stage we'll watch to see if the prices for exxon mobile and the other big oil related companies start to move higher or lower given what's happening right now i'll send things back over the you. >> you look at the one year performance down by half for exxon mobile >>> markets continue their decline, the economy is starting to tell a slightly different story. restaurant owner tilman says despite the uncertainty, the holiday weekend brought in business and things are looking a bit more positive. will this momentum build as we head into the fall you saw some brighter signs but still new york city is shut. >> business is picking up. it's going to be interesting we have seen unemployment is down 8.4%. the sign i enjoyed seeing the most was airline traffic on friday was 50% of what it was the same day before labor day a year ago so many people went and flew on an airline this weekend. you

is there for a spill of varying severity and this is 1140000 barrels of oil 4 times what was in the exxon valdez it's a somewhat different kind of oil but you know the potential is there for a massive spill and that will not only have direct environmental effects knocking out coral reefs and mangroves fisheries it will also have knock on effects of the humanitarian assistance program in yemen and also to the local economies and fisheries along the coast 4 times what was in the exxon valdez we have not seen this before the situation very pressing doug where policy director of the conflicts and environment observatory thank you so much for joining us to share that expertise. thank you it's. the european union is set to unveil its long awaited pact on migration the new pact will require member states to take in more migrants from nations on the front line of europe's migration crisis the aim is to put an end to overcrowded refugee camps on the one at more like the one at moria on the island of lesbos which caught fire 2 weeks ago the pact is facing tough resistance from some e.u. members amo

is there for a spill of varying severity and this is 1140000 barrels of oil 4 times what was in the exxonvaldez it's a somewhat different kind of oil but you know the potential is there for a massive spill and that will not only have direct environmental effects knocking out coral reefs and mangroves fisheries it will also have knock on effects of the humanitarian assistance program in yemen and also for the local economies in fisheries along the coast 4 times what was in the exxon valdez we have not seen this before the situation very pressing doug where policy director of the conflict and environment observatory thank you so much for joining us to share that expertise. well before we go one family in the georgian capital tbilisi have their hands full with a remarkable litter of puppies check this out veterinarians they say that they were stunned to hear the 1st time mom gave birth to 9 to feed now and 8 male pups the dog's owners say that it was one after another in the marathon 18 hour delivery pedigreed georgian shepherds are becoming more rare the family says that they are pleased to

now exxon seems to have none of those. yield which is a total red flag because it suggests the dividend has to be cut. it got kicked out of the industrial jones average. i'm picking on exxon because it should be among the steadiest of the oils and decline shows you that the whole industry could suddenly be in bigger trouble than you realize and not like crude is $26 a barrel. the price of oil went up a dollar today and exxon went down 39 cents i know the pipeline stocks look cheap but do you think that 20% distribution from energy transfer partners is sustainable? i wouldn't bank on it. how about natural gas? if it didn't go up big during this red hot summer, i can't imagine what would drive it higher oil baand banks may look cheap t there is a chance they'll get cheaper later on stick with cramer. ne collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep you

the worst 20-day stretch for exxon mobile in a century. >> do you want to say that the cyclical trade just not going to work because of the environment we're getting ourselves into >> if you have a time horizon where you're looking to scalp these pops then there's a fertile ground you want to sit in front of your monitor all day long and catch it be my guest. >> sorry there's a very big difference between energy sector and industrials and discretionary. >> i never used either of those words. >> i'm just saying energy is -- >> i did i was implying also that group of stocks. industrials, materials some of these things that have pretty decent move >> absolutely. they have strong balance sheets. they have dividend yields that are very attractive. good balance sheets. good management teams. you have to be selective you have to be a stock picker to get them you can't own the whole broad base etf i wouldn't do that some of my best stocks this year are in the cyclicals and discretionary. financials are a different story. they are much more challenged because of the yields curve. >> volatility

oil companies chevron, exxon -- making a bad choice here?e: i am sure, but he doesn't have any choice but to steer bp in the policy direction. we see huge changes in policy every day. this week, we saw president xi commit to making china carbon neutral in 2060. that is four decades away, but it is still a huge statement of intent. and in the u.s. on the california has said it is going to ban sales of internal combustion engine cars by 2035. if that happens, that is an enormous shift in the shape of the energy economy, and eventually every oil maker is going to have to respond. annmarie: eventually the oil makers will have to catch up with what is going on in the policy space. a lot of that could also change november 3. will, thank you so much. pledges to bei antiracist and spend $1 million to close the racial wealth gap. this is bloomberg. ♪ >> there is a lot of terrific talent out there. >> it is not a pipeline problem. >> what we have not looked at his promotion parity. that is one of the big things we looked at, and we made a huge amount

more than 100000 protesters marched through the capital calling for an end to president of exxon to look nearly 3 decades long rule. this protests cannot be stopped any more there's no way back to the point of no return has already been crossed the people will go to the end to defend their constitutional rights so as not is the new legal system does not function in our country violence rules our country one man that rules our country. the monthlong protests marks the biggest challenge to look at those grip on power and what's been called europe's lastic tator ship. the opposition has refused to accept the result of last month's election which the president says he won with 80 percent of the vote. in from exile in neighboring list of his rivals for atlanta to call for new elections. the country's in the state of political crisis and the only way out of this crisis is announcing another transparent and fair election. palooka shan't go a show no intention of relinquishing power of this is by the russian prime minister last week seemed only to embolden the 66 year old straw man he spent the

is there for a spill of varying severity and this is 1140000 barrels of oil 4 times what was in the exxondoubt these it's a somewhat different kind of oil but you know the potential is there for a massive spill that will not only have direct environmental effects knocking out coral reefs and mangroves fisheries it will also have knock on effects machine monetary. systems programming yemen and also said let's take on a base and fisheries along the coast that was dug where policy director of the conflict and environment observatory some breaking news just coming in belarus is president alexander lukashenko has been a ruptly sworn in for his 6th term in office the inauguration was not announced in advance mass protests have of course rocked the country since last month's just rocked a presidential vote the opposition in belarus says that that poll was raked the government has launched a crackdown on the protest movement opposition leaders in exile are calling for his resignation and new elections but in the meantime as we just reiterate he has reportedly been sworn in war and that the next b

more than 100000 protesters marched through the capital calling for an end to president of exxon to look at those nearly 3 decades long rule. this protest cannot be stopped any more there's no way back to the point of no return has already been crossed the people will go to the end to defend their constitutional rights jasmine as is the new legal system does not function in our country violence rules our country 1 may that rules our country. the month long protests marks the biggest challenge to look at those grip on power and what's been called europe's lastic tater ship. the opposition has refused to accept the result of last month's election which the president says he won with 80 percent of the vote. is speaking from exile in neighboring list of his rivals for atlanta to cannot call for new elections although the ability to keep the countries in the state of political crisis and the only way out of this crisis is announcing another transparent and fair election. palookas shango is shown no intention of relinquishing power a visit by the russian prime minister last week seemed only to

- exxon, long or are you looking at specific technologies? consider ourselves industry experts, having been at this for over six and a half years now. we think we are good at identifying who in the short to medium run is going to outperform others. i really can't go into specific names on the call, but if you think about the election going forward, certainly if you look at joe biden's policies, they are quite negative for those with exposure primarily in the u.s., and maybe not as negative for those companies whose operations are outside of the u.s. commodities -- are commodities and other assets are an inflation hedge? there are those looking for exactly what the outlook will look like from here. energy is part of that and exponentially. -- part of that mix potentially. james: we think there will be better places to go, quite frankly, if you are looking at commodities as an inflation hedge. the supply dynamics for the oil industry are really weak. we have discovered that there is plentiful supply. we used to talk about peak oil, back when i

you and i,blackrock, the americican taxpayer, are not owners in debt to the fed of exxon, chevron, of energy transfer partners, phillips 66, of slumber jacobob a comfy that just moved itselelf out of u.s. fracking altogether after we bought up theirir debt. so we e are literally through te federal reserve propping up p te --il industry at a time when for huge host of reasons, climate crisis, environment of , the lives of people who lived next oil and gas facililities -- that we need to allow this industry to do what it would be doing on its own anyway, which is going away is trying andrld is trying and succeeding standard oil o of new jersey, which means essentialllly the standard oil companinies, the ororiginal oil and they said i guess we will figure out how to make aa profit doing somemething else. u.s. companies don't haveve to o that. exxon and c chevron did not have to report those same typype of losses and they did not have to say how they're going to make money and what they said was, we will keep making it up oil and natural l gas because that is wt we do. us is that t oil is

i asked rex to listen if he was driving does he always go to exxon if he goes to another if there's anyference of gasoline from the others and he did not give a straight answer on that. >>host: david rubenstein it is such a pleasure you captured these people on television as the book i everyone will read it as i did. >>guest: maybe i can interview you at some point. >>host: joining us at the national book festival. ♪ ♪ ♪ ♪ >>host: book tv coverage of the national book festiva

well the norm is that you're kind of put our name but best you could hear who was sort of there for exxon's best you could or would be juiciest you just simply knew crimbo were in no lori coal or you're going to forever bill would be to know where your bills fall in the end lives ill but did complete his life's work compiled experimental data that contributed to our current understanding of the origin of cancer. roughly 20 percent of all human team has a caused by a certain cause an agenda for viruses the fundamental difference between cause an agenda viruses and common infections is that you can't contract the disease from contact with the person who has it you know none of the stupina bull episodes dinner and i was slow to get a seat and it's nice to cure the disease somewhat by sleeping in the descriptive for the moment but our doing is us as the new art seeing the fruits of our choice for much c.f. for the skew. it bus will cure through people's minds or throws us then you've done your part seeing that you open when you're put the unit as a there's always room for the temperatures rise

the norm is that you're going to put our name but the best you could hear her was sort of there for exxon's best you could avoid. a solution or just simply make rebel or when the lord i'm cold or you're going for the bill would be to know where your bills fall in the end lives ill but did complete his life's work compiled experimental data that contributed to our current understanding of the origin of cancer. roughly 20 percent of all human team has a caused by a certain cost on a journey viruses the fundamental difference between cost an agenda viruses and common infections is that you can't contract the disease from contact with the person who has it you know none of it is to blame or blow up a source dinner and i was slow to go to see the new chief steward cure the disease . i meant by sleeping in the descriptive map over the map but i really needs us as the new art cinema for its production is too much c.f. or the skew. or put it by silk you through peels and this girl says then you've done your part seeing that you open when you're put the unit as a there's always room for the temperat

a lot priced in. 7% at chevron and 10% yield at exxon.r those dividends are going back or the dividend opportunities of a lifetime, right? >> pretty much you know, you can go back to early 2016 you had a little bit of a similar game going on there in terms of some of the majors had yields well north of 6%, 8% and pretty much you won the bet on that if you said they were sustainable. i'm not saying it is the case this time. i know that if you look at exxon in terms of the leverage and what they spend on producing assets over the last couple years. a lot of concern there the big question is, does the market already discount it and, you know, what is also interesting is they kind of lost the tether to having leverage to an economic rebound to some degree it seems. if you kind of believe crude is broadly range bound. so, nobody thinks that, you know, how much to cut into the unused supply, carl? >> yeah. speaking of miles driven, kelly. how about ubergetting the blessing of london remember when that was such a big story and the worries about

charles: we always appreciate names and like beaten-down names like exxon mobil. we got a minute before jay powell starts to speak. what you think the market needs to hear from them and michael just talked about the yield curve controls and it feels like it seems like something specific investors believe the party will go on indefinitely. >> look, the market already knows that by chain powell will continue to go on and they will use the word and go blah blah blah, easy money, blah blah blah, we have tools and that is the bottom line at this juncture and that's why they have markets that do what they do but i want to echo one thing i thought hal was brilliant on this. i am watching airlines and hotels setting up and this is not the strength in the market but looks like they are coming on right now and i have a key nine on these areas and if we ever get some sort of break on a vaccine of something to that effect i think this goes topside in a very big way so hal has nailed that one. charles: you've all been fantastic. people should realize that these names don't mov

there for a spill at variance to diety and this is 1140000 barrels of oil 4 times what was in the exxon valdez is a somewhat different kind of oil but you know the potential is there for a massive spill and that will not only have direct environmental effects knocking out coral reefs and mangroves fisheries it will also have knock on effects of the humanitarian assistance program in yemen and also for the local economies in fisheries along the coast. we're a policy director of the conflict and environment observatory speaking to us earlier. now people in the u.s. appear to be growing more divided by the day and that is something that fascinated 2 swiss photographers for their new book divided we stand a couple drove across the us capturing portraits from a polarized nation in a state of flux. looking for america encounters from a journey to find faces that reflect something about the land of the free. 25000 kilometers through a divided country. sometimes we found people we've been looking for and some days we found no one sometimes we turn up somewhere and we see someone and we know tha

the norm is that you're going to put our name but the best you could hear her was sort of there for exxon's best you could before it became useless to you just simply make rebel or him win the war on coal or you're going for the dollar get big no are you bill slow in the end lives ill but did complete his life's work he compiled experimental data that contributed to our current understanding of the origin of cancer. roughly 20 percent of all human team has a caused by a certain cause an agenda viruses the fundamental difference between cause an agenda viruses and common infections is that you can't contract the disease from contact with the person who has it you know none of it is to put in or blow up a source didn't know slow to get a signal to stick to your. assignment by sleeping in the risk of being over them if i were doing is us us then you aren't seeing the fruits of our choice for much c.f. or the skew. put it by silk you through yours in this. venue done right seeing that you open when you're put the unit as a there's always room for the temperatures right except. those things stil

this reuters piece about exxon, arguing that the market is beginning to worry about the dividend shoulde question. >> yes, you have to. they're talking about a big offshore discovery exxon bought back too much stock, they are not producing what we would expect this is the opposite of chevron. i think chevron has distinguished itself as being the one that has the firepower, has the dividend and did not, and here i've got to reference something that david has brought out to me many times david, mike worth did not pay -- he dropped out of that embargo. >> he did. >> smart, dumb, good, bad? >> of course it was smart. he had his parameters, he stuck with them. listen, momentum -- emotion plays a role in those kinds of things and also there was a buyer that felt like it was a must-have asset for him, that being of course occidental and in this case it was clearly the right move not to have paid that price if they wanted to own a a anadarko but to your point they have been a fairly smart allocator of capital at chevron at least and in terms of making decisions of what to develop and not, not t

some international oil giants are rethinking their plans exxon which is operating the biggest project in the gas rich province of kabul they'll gado well as much as $30000000000.00 as perspire and indefinitely a final investment decision but france's total they are pushing ahead to securing financing for its $20000000000.00 investment in the same region when gas does begin to flow during the middle of this decade the government is expected to receive up to one $100000000000.00 in revenue which is about 7 times the current size of its economy the biggest threat to these projects could be though the insurgency with the militants pledging allegiance to eisele in august the militants captured. a prayer a strategic port for the 3rd time this year they'll be numerous attacks in the cabin of god a region over the past 3 years but huntress elite forces are guarding gas facilities leaving undertrained soldiers to fight the insurgency the militants have seen off kremlin backed guns for hire from the wagner group and in april the government handed dick advisory group to provide helicopters fitte

flooding minsk more than 100000 protesters marched through the capital calling for an end to president of exxon to look goes nearly 3 decades long rule. this protests cannot be stopped any more there's no way back to the point of no return has already been crossed the people will go to the end to defend their constitutional rights so as not is the new legal system does not function in our country violence rules our country one man that rules our country. the month funk protests marks the biggest challenge to look at grip on power and what's been called europe's lastic tater ship. the opposition has refused to accept the result of last month's election which the president says he won with 80 percent of the vote. in from exile in neighboring list of his rivals for atlanta to call for new elections. the country's in the state of political crisis and the only way out of this crisis is announcing another transparent and fair election. palooka show no intention of relinquishing power a visit by the russian prime minister last week seemed only to unfold in the 66 year old straw man he spent the past d

exxon losing the biggest percentage.ina, we could see a 22% drop when it comes to job cuts with petro china. the fallout from rio is front anduction center for the mining sector to discuss. i want to bring in danielle welsh-rose. investment director at aberdeen standard investments. wonderful to have you here. to discussing potentially the future of the ceo. to show accountability for this kind of thing really does matter? we have seen evidence there was knowledge of the significance of this site. unlike what rio said, which was to plead ignorance. very complex a issue and it is something there is a lot to unpack at the moment. engagement happening with rio tinto and other groups to figure out what happened. one of the most important issues, trying to understand at the highest levels how a company like rio tinto, that whole issue of accountability and risk management and whether that accountability and responsibly for risk management is happening at the highest levels. >> what kind of a penalty or response would you like