exxon finally unveils a mission target. by 2025, the company wants to cut the intensity of its emissions by 15-20%. liam dennings joins us now so what to the market pick about it? >> people in general are pretty underwhelmed for a couple of reasons. targets, youxon have to read the fine print on what you are getting. exxon set new targets for emissions and 2025. they will start reporting there emissions from actual use of oil and gas from next year. feelsoblem is that it all a little too late. of grudgingly given. other companies have moved much more quickly on this, even chevron which is by no means pivoting into energy transition emissionsy reported and exxon said it will do it but they couldn't resist the opportunity to say that those numbers don't mean anything. theicularly in light of activist campaign that's going recently, this seems like exxon is giving a little ground on this but it doesn't feel like the strategic rethink that many are calling for. alix: exxon stock was actually crushing chevron. what do you make o

reporting from an exxon refinery. now it's time to get to some of the stories that we didn't have time for a book now we do correspondent. here. good so there was just a birthday recently and if you heard about this but the afghanistan war oh now 19 so what do you get to for someone who has everything i mean it's the. beer is what you get most 19 year olds i think they can't by themselves but there is some talk of the war ending right there is a new york times i think we were talking before. it's been going on a wild spending that's been slow wind down but the latest thing is we're going to end the war slow for those on the other end of the bomb it's. pretty fast motion but there's a new thing that we're going to end the war but we're going to keep troops there so they can keep the peace which is interesting down similar to what we've been doing for 18 years yeah well one big difference is that we are now training units of afghanis there is a unit known as 01 that's been trained by the cia and for the past 19 years it

that's what exxon does right now?ells fargo and goldman, that's why i'm saying it's not that bold a call overall, and the only reason the stock has been rallying is because they cut cap "x" in 2021 to protect dividend. a good reason for the stock to real but just bear in mind what's going on here we're talking from a very low pace. >> yeah, maybe a good reason to rally in the near term doesn't look that great. longer term, seema and then they have the headwinds of disinvestment in the space over the next, you know, forever, whereas people just don't want exposure but that's partly why there's a bull call. jeff curry, the goldman commodity strategist on earlier this week says it's like a multi-year run and disinvestment is one reason. also in general there's more demand than supply right now >> could be, and it's also interesting the timing of this goldman call, kelly, right as president biden coming in january, he certainly made clear his prioritization of clean energy policy, so you wonder how that will work into the

i don't think it will. >> you know, pete, you actually own exxon. you know, i'm sure you hope this is right but i'm wondering if you agree with the call in and of itself. >> that is a phenomenal question and i don't agree with it. i love the name and i think there's up side here, but i think there are other names that have more up side and i'm a part of some of those names, apple. john, as you know, outlined a week or so ago some of the positions that he and i have been together, partnering up from a bitcoin crypto area as well as. i think there are other areas that can outperform. that being said, i bought exxon because i do think it's going higher i don't know what sort of trajectory it really has, scott. certainly it's a name that got beaten, got beat wrenn en to a p i do like the energy space i like it through the fundamentals of exxon. i think those are solid. i think there is up side obviously but at the same time, this is one of those areas where i think there are other spots that probably have a better trajectory i don't know, i'm sort of in

the easy trade for exxon is probably over.aybe cutting the dividend 15 to 20% would have been viewed as positive, given the run the stock had, may be viewed as negative now >> thank you mike in options action >>> coming up, it has been eight long years, but the wait is finally over the sandwich we all know and love is making a comeback just in time to 2020. -- to save 2020. we will have more on that. (♪ ) keeping your oysters growing while keeping your business growing has you swamped. (♪ ) you need to hire i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. claim your seventy-five-dollar credit when you post your first job at indeed.com/promo >>> welcome back to "fast money. it was the story we all needed in 2020. after eight long years, the mcrib is back. solved ribs on a bun with pickles and onions if there were a drive through around here, and i had a car and drove, i would be there in line. i know that's a

the real hard thing with exxon, for years and years, exxon has marched to its own drummer.hey believe that they know best and that they are going to invest where they think it is going to give them the best opportunity. historically, there is only one company that i think has longer-term views of is world than amazon and it exxon. they think 10, 20, 30 years down the road. where you do have an opportunity in energy, is with many of the companies like eog, companies like diamondback, where the ceos have come out and said we are going to live with more discipline. 4% andonly going to grow the free cash flow we generate is going to go back to our shareholders in the forms of stock buybacks and dividends and i think if they can hold to that, i think there could be a real opportunity. let's not forget, i am asked all the time, what is it going to take for energy to do well, and i think part of it is for the investor, for the general investor to believe that they are missing something. that there is something going on in energy that they are not getting. the believe that if compa

i asked the ceo of exxon rex to listen does euros go to exxon station and i also asked if there's any difference between the gasoline of exxon or others and he did not give a straight answer on that one. >> david rubenstein it is such a pleasure. you have captured these people i know everyone will read it and love it as i did. thank you so much. >> i hope you can be at my interview of you some point. thank you very much >> precisely because i could see both sides or all sides to a problem or an issue that i would then feel that i was making a good decision because i had seen it from different angles. this idea that overthinking problems was or is a weakness in politics, i think is indicative of a culture we want to simplify and eliminate all gray areas and just have a way and beat the other team as opposed to figure out how in fact we come to gather. >> so to look at this technology that keeps creating monopolies and those biggest companies are tech companies. so how come the internet that will equalize us and connect us how does it keep granting these powerful companies and individua

that's true on exxon and chevron. and i want to dp back to his letter in the wall street jou jourj -- journal and i encourage everyone to read that what worked the last decade is not going to work now. it's not unique to chevron or exxon, it's just that exxon has lag nd and it's like will to catch up >> pete, real quick on it. >> yeah, i totally agree that's why i jumped on exxon we watched it lag and it's time to make a little catch up play so it makes a lot of sense to me i'm still holding on to chevron as well. >> good stuff. check out the write up on cnbc.com as we go to break, take a look at the s&p sectors today only one's in the red. that's comm services we're back right after this. s&p's up 32. ♪ ♪ ♪ everybody's problem. and that's why we created rapunzl. the rapunzl app was designed for high school and college students to simulate stock portfolios. they're able to buy and sell stocks in real time. thanks to nasdaq's cloud data solution. if somebody tells you just download this app and you could potentially wi

spending to its lowest levels in 15 years as the company is aiming to protect its dividend exxon isll down more than 40% for its worst year ever, perhaps made worse by the stock's exit from the dow jones industrial average bob, is what is staggering is the amount of debt this company has. it's up to a 30% debt-to-capization ratio from 20% earlier this year, and i guess the question is that dividend, what happens to it >> yeah. this is as company that was about big spending, big capital expenditures and increasing the dividend every single year for years and years and now it's transitioned to a company that's a lot more cost cautious and they will cut capital expenditures, they are going to sell assets off and now they are talking about a stable dividend, so, wait a minute, big spenders, big increasing in the dividend, cutting spending, stable dividend the issue is the dividend and i think the question is enough -- they are cutting the capital expenditures a lot i think the street is betting that that may be enough so that that can cover the dividend without having to raise additiona

morgan chase biggest bank were 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 beazley thrown out of the board of directors and somebody else is good in who makes the 1st choice these are institutional it's not individual it's no that's not to say that it would be changed 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 was very interesting it warned 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 falso feels that it added that the bank is facing repeated taishan all 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. working to save humanity fro

exxon mobile 35%. under that was bitcoin at 26%, apple 13 and tesla and amazon. just to lay it out there for you. >> that is unexpected. >> that's remarkable because you have one asset exxon which has been one of the worst performers of the year. one of the worst performing companies in the energy sector as a whole and then you have a bitcoin that has gone on this remarkable tear in december on pace for its best monthly performance in almost a year it's interesting people think on one hand an asset if you want to call bitcoin an asset that has been in a position of strength and poised to continue that and then on the other hand you have exxon, which as david mentioned is embroiled in some potential activist fights. you have de shaw and engine number one teamed up seeking to put four directors on the board there. so, certainly some interesting movement on that front now, of course, the big question in the oil industry as a whole is what happens to the dividends. how does the change in oil prices, it kind of creeps up towards $52 a barrel how does that impact the e

exxon mobil is about to face the biggest right down in its modern history.ays it will write down the value of north and south american natural gases by 17 to $20 billion. meanwhile the company will drastically reduce capital spending through 2025. exxon has been hammered by the collapse in oil prices, a global supply collapse, and the pandemic crash in fuel sales. airbnb is hoping to cap the biggest year ever for ipo in the united states. the company filed to go public, seeking to raise as much is $2.6 billion. shares will be marketed at $44 to $50 each. at the top end of the range that would give airbnb a market value of $35 billion. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> we are working closely in the u.s. with operation warp speed. working to make sure that within 24 hours after approval products will be out the door and vaccination can start so we can help protect as many americans every can. we are still on

but i think more than any other energy company, the dividend is a religion at exxon. and they'll do anything to preserve it and that's why when you see the writedowns, you don't get negativity you get a sense that, wow, they threw the kitchen sink at it and we're fine when i look at stocks these days, carl, i look at them for income and i look at them because i kind of have given up on the idea that the yield curve is going to move when you hear what chairman powell is saying, you say, i'm going to keep rates as low as possible. everybody is look for bitcoin, or something like exxon, it seems like the dividend might be safe despite what's going on dividend and bitcoin are the storks. >> well, safe and sacrosanct might be the words that exxon would use. your point about yield is so key. everybody taking stock of the month of november, best month since '87 for the dow. best month ever for ge, best month ever for the russell 2000. ten-year gave back what it got after the initial pfizer news on the 9th. >> i think that we're in a halcyon moment and it shouldn't be and the

the dividend on exxon right now is 8%, more than 8%, they're paying out $15 billion a year in dividendse this, $20 billion writedown on assets in the fourth quarter after basically the year of unprofitability. so you look at some of these blue chip names, in something like the energy sector and you wonder if something like crude oil and just the energy complex in general doesn't recover more strongly or, you know, soonish, what is going to happen to some of the balance sheets and some of the things like payouts to investors. >> no, and we have been focused on exxon as well, down 40% this year, despite what has been a decent rally as we pointed out that this last quarter of the year for energy overall, morgan. but, still, underperforming like this competitor chevron and there has been a lot of focus on the company's capital allocation and i think that is partially the focus of a couple of activists in the stock you got callisters, de shaw as well questioning the capital allocation to your point, not just the dividend, but capex spending and whether it is realistic for this current enviro

enjoyed it >>> coming up, it's been a tough year for exxon shares are down 37%. the rest of the market rallies it's about to get tougher as shareholders are gearing up for what could be an epic battle over the company's future. we will have more on that. >>> moderna awaiting the green light from the fda for emergency use of its covid vaccine as pfizer's vaccine is rolled out across the country we will bring you the latest with moderna shares up more than 4% now right after this. digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. >>> hospitals in southern california are reaching a breaking point >>> the push to socially responsible investing driving cash into esg funds. this year, investors have poured $27.4 billion into just etfs that focus on environmental, social and corporate governance issues the global energy etf up more than 100% this year. companies are feeling the heat from shareholder

i kicked the tires on exxon and chevron. exxon, if you want a short answer i think that stock is down about 40% this year. investors have shown you there is a propensity to reach for growth i expect these lack ards to be in a lot more going forward. >> we are going to play a game shortly, but prior to that i want to bring in the name of another game, guy, that we also play called value trader and value trap a lot of people would say this looks like value, but it is a trap, we don't know about the dividends, there is a lot of impairment maybe to come where do you stand >> a month and a half or two ago we talked about this collectively we said major double bottom. great opportunity versus risk. trap now the other thing i was going to mention quickly because we have two hours although i am not on the second hour, what does it mean to kick the tires do you learn anything or glean anything when you kick the tires of a car no but the answer is at 42 it is a trap, not a trade. >> do you think exxon is a value trade or trap? >> i lo

exxon mobil is about to face the biggest wipe down in history. that's right down. -- right down.ompany will drastically reduce capital spending through 2025. exxon has been hammered by the collapse in oil prices and the pandemic driven crash in fuel sales. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ofcoming up as part sustainable business, ned siegel . that is at 330 new york -- the:30 new york. this is bloomberg. ♪ francine: let's talk about the price of oil. opec and its allies need more time to reach a deal on product production capacity. yesterday ended without an agreement. the ministers will meet thursday. joining us is martijn rats. always great to speak to you. this was pretty surprising the fact they had to delay it for days. isreally goes to show there so much political uneasiness itut allies, or is strategic, long-term questions they are trying to answer? martijn: i reading of the situation is that there is long-term underlying considerations. opec fac

only mission and a rainy live in exxon launch the campaign my stealthy freedom in protest against iran's law obliging women to wear hijab she posted a photo of his so. on facebook with out one soon many iranian women followed her lead. there is a war in iran about my life. they have guns and bullets we have facebook to church instagram and our social media they can not. side that's something that i've never. seen on social media can also help people facing completely different struggles the campaign any action raises awareness for people with the chronic fatigue syndrome any who suffer from pains and sudden feelings of exhaustion and me is still quite unknown so patients are often wrongly diagnosed in some cases even as having a psychological condition they'd written patients are turning to social media to raise attention to their plight with the hashtags immediate action and not enough for me they're demanding more funding for research on the disease is. posting a video photo of yourself holding a piece of paper with a message on it as plain as that may sound it can still make a differe

exxon confirming a $20 billion right down. consecutivefourth quarterly loss.s has been a tough year and that's really an understatement. low, but if year there is a bright spot it does expected to improve as the oil and gas prices start to be covered. there is optimism going in. this has not because much of a price reaction. this has previously warned about this in a report, and you could see this in the overall business. and you can see that this has made up for weaker -- in the upstream division. still down more than 40%. u.s. oilee the top majors as well. this came with the rough rider that we got in oil this year with the global blood supply and demand amid the coronavirus. and all practic -- and this going negative briefly. see a recovery being expected. withcould be accelerated demand in places like china. and that i think is the crux of the story. romaine: and that's also what your payout. are standing by the dividend for now. it puts into question or makes it more challenging to pay that dividend program. this dividend is 9.5% yields. that's pretty ent

sound economy their members challenged any and all new environmental regulations with backing from exxon and microsoft. in 1903 they took on then president bill clinton who was planning an energy tax that would have cost koch industries a lot of money clinton's plan failed. citizens for a sound economy later split into different divisions k. street in washington is home to one of their successors freedom works. and i'm brandon is proud of the power his organization wields with evidence presented on the walls like trophies he's helped in appointing the controversial brett kavanaugh as a supreme court judge earned him thanks from trump but does freedom works have the power to influence legislation i believe we do and we've actually i look back on last year we have there's bills we supported we had it there was a bipartisan coalition on criminal justice reform that we actually have the bill hanging up here in our office that we were able to drive so many phone calls to get that across the finish line. according to its own figures freedom works has 6000000 members and army of volunteers they

industries is one of the sponsors behind the think tank together with various other oil companies such as exxon mobil the list of donors was leaked to the local media and then made public a few years ago the kind of information that think tanks do not voluntarily disclose. as one of the benefits that we have is that people can give to us freely and be protected from harassment and you see that so often here now is when donors are released or people get viciously attacked in the united states and they get. i've. had a lot of threats against me because my information was public a similar argumentation to that of the koch's where the president attacks us and we get threats from people in congress and this becomes part of a culture that we are evil so we need to be destroyed or killed then why force people to disclose. the figures and groups who donate millions from behind the scenes often remain in the shadows many organizations do not have to reveal their donors thanks to a series of court rulings the most important of these concerns a lawsuit brought by a conservative organization against the fe

of was rubberstamping property tax abatement whenever it was requested whether it was from dow or exxon mobil, we don't want to pay property taxes and the committee would say you don't have to and there were a lot of missed property taxes and it was obvious it was a big cause why louisiana was poor in so many respects in terms of how citizens are doing. this group formed an organization called the other louisiana, got lots of people involved and started going to public hearing fans complaining about this and saying how can this be? how can we give these guys this property tax abatement, the rest of us pay property taxes, why don't they have to? it was a long battle but they won. the law was changed and it now requires any companies that wants property tax abatement can no longer just go to a bipartisan committee no one heard of and get rubberstamp, they have to present their case to local school district, local police department, local fire departments and other people who have an interest in getting property taxes paid and request that and explain why it is a good idea they get this pr

sound economy their members challenged any and all new environmental regulations with backing from exxon and microsoft. in 1903 they took on then president bill clinton who was planning an energy tax that would have cost koch industries a lot of money clinton's plan failed. citizens for a sound economy later split into different divisions k. street in washington is home to one of their successors freedom works. adam brandon is proud of the power his organization wields with evidence presented on the walls like trophies he's helped in appointing the controversial brett kavanaugh as a supreme court judge earned him thanks from trump but does freedom works have the power to influence legislation i believe we do and we've actually i walked back on last year we have there's bills we supported we had a there was a bipartisan coalition on criminal justice reform that we actually have the bill hanging up here in our office that we were able to drive so many phone calls to get that across the finish line. according to its own figures freedom works has 6000000 members and army of volunteers they'r

exxon mobil down 40. it would be the worst dow stock if it hadn't gotten kicked out of the dow back in august. but what will be the better bet next year? apple or eonxx some of the answers you may here may just surprise you. that's next on "power lunch. k >>> welcome back is this deal enough or will investors still demand more, a bigger package in january? kirk hartman and rebecca feltman, welcome to you both rebecca, this was a market that definitely was pricing in another stimulus bill. they left 0.8% on the table. what do you think the appetite or demand is now for more? >> thank you so much for having me we do believe you would see another bill passed after the enough congress takes session. most investors had not anticipated this getting done before the new congress was in session. this was sort of a little pit of a nice surprise and have the individuals check in there with which a lot of street strategists had not factored in the equation this was a sigh of relief to have the president go ahead and

sound economy their members challenge any and all new environmental regulations with backing from exxon and microsoft. in 1903 they took on then president bill clinton who was planning an energy tax that would have cost koch industries a lot of money clinton's plan failed. citizens for a sound economy later split into different divisions k. street in washington is home to one of their successors freedom works. and i'm brandon is proud of the power his organization wields with evidence presented on the walls like trophies he's helped in appointing the controversial brett kavanaugh as a supreme court judge earned him thanks from trump but does freedom works have the power to influence legislation i believe we do and we've actually i look back on last year we have there's bills we supported we had a there was a bipartisan coalition on criminal justice reform that we actually have the bill hanging up here in our office that we were able to drive so many phone calls to get that across the finish line. according to its own figures freedom works has 6000000 members and army of volunteers they'

we have been very active with a group called climate action 100 plus in engaging with exxon.y unsuccessfully, sadly, for a number of years. trying to get their attention, trying to change their behavior. and on those highlights, those bullet points, i would really focus in on the capital allocation plan this company is just throwing money after projects that are not going to be successful, and it really does need to turn around. >> chris, you mentioned capital allocations, one of the factors, you also mentioned climate change and engaged on that topic with them. it is one of the four key bullet points in the letter, more investment in clean energy, commit to meeting emission reduction targets, et cetera it does sound a bit odd that you are criticizing an oil company for not meeting climate initiativ initiatives. why not just sell the stock? >> that's what the divestment crowd would like us to do. the problem, that just turns our back on the problem. this keep on going and use other people's capital we want this company to change from within. in life if we want to bring about

it's been a really rough year for that company but also the chemicals business what do you think of exxon right now? >> it's been a fabulous ride from september, i think, morgan, the stock was 31, now it's 41. i like that one. but i also really like the solars so i own csiq, canadian solar, sun power. i think there's a lot to be said for that space and those stocks are just on fire and not just since september all year long. it certainly didn't hurt when president-elect biden got the nod because obviously there's going to be even more focus on those into 2021 and beyond is he space, the final frontier. i like it, morgan. and i think these continue to do well i heard that, carrie >> all right well, stay with us for more trades we are just getting started. john imaginian e i najarian is options. and as we go to break, a check on the s&p sector. we're basically flat in the s&p. 3730 is your level there and financial communication services and health care are the top performing sectors in what is a very quiet session here on this last day of trade for the year whereas energy and tech are your

exxon also rising, being upgraded by -- goldman expects recovery and oil demands as we move through aoat -- post-covid world. finally, i can come on your show without talking about brexit. the pound rising above the dollar. up 1.35 against the dollar. this as we are hearing optimistic signals about the prospect of a trade deal. fishing, the only hurdle, but we have to wait until we see the deal. david: i knew we weren't going to get through it without talking about the fish. emme: very important. david: we are going to talk stimulus. democratic congressman from the state of michigan. this is bloomberg. ♪ david: this is "balance of power " on bloomberg television and radio. congressional leadership is negotiating down to the wire that possible stimulus package. this is what senate majority leader mitch mcconnell had to say about progress. mcconnell: the democratic leader and i worked a long time. the speaker in the house -- the bigger of the house and the house revoking leader -- house republican leader, on a relief package that would be able to pass both chambers with bipartisan major

exxon mobil has taken the largest impairment in its history. capital expenditure plans which it says will not exceed $25 billion a year. recordprevious write-down was just over $3 billion. tesla jumped on late trade. given the company's massive market cap. it would've been unprecedented. tesla will be the seventh biggest name in the s&p 500 between berkshire hathaway --. 580% thishas soared year. -- it is dropping the idea of jointly building a new batch of pickup trucks. shares were sent tumbling more than 27%. 11%ill not be taking the equity stake it had proposed earlier. rishaad: let's have a look at the markets as we had towards -- as we head towards the hong kong lunch break. the kuala lumpur market is up to play 5%. japan is doing well in the equity space. we have at the moment some of the biggest export led economies rebounding in november. in china coming better than expected and hitting a decade high. we have oil in focus. on its way down. there are risks within opec plus currently. we are also watching what is been happening with aust

but worth noting that exxon had a good week perhaps as a result of this.xpectation that there will be some changes there >> if you look at the future curve of oil, david. >> i haven't. >> it is in the 40s, out five years. no real -- there is no real bump i still think it is an incredibly challenged business the best thing that the oil companies are going for them is that biden may say you can't do as much drilling and that's what these companies have been ferocious in their capital burn. >> well, of course, they already cut their capex guide 10 billion from the march guide and the pressure is on for them to cut even more quickly, though, on dividends, jim, pfizer, 3% div hike, this week we got zoetis, i think in november, there were 30 div hikes and one cut. >> broadcom did a -- boosted 11%. that's keeping the thing afloat. the cash -- people borrowed a lot of money during the dark days and they repaid it, and now they're going back and starting to rethink and reward. i think the one that we talked about, though, is the one that is on the ropes. david, exx

i know pete is in exxon and chevron. the exxon buy was a new one. yesterday, too why just those two over all of these others which have are having a really good day and a really good run here >> because i'm investing for a little bit more than the next four to six weeks. and i think for energy, that's exactly what you would be doing. there's nothing wrong with placing a trade on energy. it's fine to do that and it will probably work out. once president-elect biden's administration comes in, i want to understand what the energy policy is going to be, what the regulatory environment is going to be. i have a feeling that that's going to hold back some of the appreciation that we're seeing for energy going forward. >> that stock is just ripping today. joe, thanks. >>> bond yields are soaring. how traders are playing that this was an unexpected bill not covered by my health insurance. and this is the aflac duck who helped me cover it. aflac. these are all the cab rides to my physical therapy. and aflac paid me directly to help. aflac. what he said. and t

ryme had been hit by an unidentified exxon a source that caused the blast and a fire. farmers union leaders in india are one day hunger strike in a bid to ramp up protests of a new agricultural nors farmers are being kept on major roads for weeks they say the legislation will damage their livelihoods. the chief negotiator says although 2 conditions remain unresolved sealing a trade deal with britain is still possible he is briefing negotiating teams in brussels as they press on with talks avoid a no deal outcome. the us has officially removed sudan from its state sponsors of terrorism list trying to ministration approve the move as a side deal to sudan's normalization agreement with israel in october washington and khartoum signed an agreement to restore the country's sovereign immunity meaning that it cannot be sued in american courts in return sudan paid $335000000.00 to the victims of the 1908 al qaeda attacks on the u.s. embassies in kenya and tanzania. parents in northern nigeria are waiting for information about their sons after an attack on a boarding school and

mike, what did you see >> we were looking at exxon.where we saw calls outpacing puts by 5 to 1 most active options were the january 2022, 52.5 strike calls. over 15,000 of those traded for $2.66 on average and call buyers are getting the stock will rise above that strike price by january of '22 that would represent a 30% increase in exxon share price. the options market still look reticent they're forecasting a dividend cut as a significant possibility going into the new year. >> all right thanks for that. >>> up next, results of the fast pitch and your final trade turn on my tv and boom, it's got all my favorite shows right there. i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitio

exxon reporting smaller cash repayments related to its refining operations.will release full quarter -- quarterly results the second of february. the wall street journal said amazon was in the lead with the valuation of $300 billion or so. also in theny music news. recorde: and yet another showing no signs of slowing down. let's talk to eric laman hong kong. where does it go from here? quick status a question on everyone's mind this month. we just keep watching bit climb -- bitcoin climb higher and higher. the consensus is that what has been impressive with it coin is the strength of the rally over the whole month. we have not seen one brief pop and then a drop. we have seen it consistently hit new highs. the next level we are looking for is that round number of 30,000. it will be interesting to see that it could break either way from here. if it does drop a little bit from here, the interesting thing will be whether it -- institutional investors will buy on the dip to see if there's consistent momentum higher from there. rishaad: of course that must be , bit

testing will be available at the south county an exxon wren avenue in gilroy. super easy. the site is open monday through wednesday, 11:00 a.m. until 5:30 p.m. people swab both nasal cavities while a trained staff member watches. results are rved in about two days. it follows a successful run at emmanuel baptist church in san jose. >>> some major business and tech news. apple says its temporarily shutting down all its california stores. the company says it's making the move out of an abundance of caution as cases skyrocket. just yesterday apple decided to temporarily close stores in l.a. 24 hours later they're expanding that and customers can still pick up existing orders for the next few days. >>> normally goodwill receives donations for clothing or apliepss. you may remember that scott donated more than $4 billion in the last four months. that money was split among 384 donations. well, one of them being goodwill of silicon valley. they were awarded a staggering $2 million. scott said the money went towards organizations that showed strong leadership during these unpreced

or .02% of exxon's market cap but that's not stopping it from seeking to overhaul exxon's business andctors on its world the goal is to provide more diversity. callsters has jumped aboard and d.e. shaw has reportedly built up his position and is pushing for similar demands. we will see if others follow as this proxy contest rolls on. >> leslie, do you think in 2021 we are going to see a continued growth in the esg funds or do you think we will see some weeding out of the weaker happened so to speak >> i think it is all indicative on performance the thing is, this year it has been very popular to put money into esg funds they have confirmed quite well as a result of this group think psychology mentality surrounding this space if they continue to perform well people will continue putting money in once that turns people will start pulling their money out, i think. because at the end of the day the reason people like esg right now is because it is working and because it is socially acceptable and seems like the right thing to do to be investing in funds that are a force for good for the wo

sector it's now up about 26% in that time frame, and according to our cnbc quarterly stock report exxonthe top choice among investors when asked when the best performing investment will be in 2021 beating out bitcoin, tesla and apple. is this optimism warranted here's the vice chair and author of "the new map. dap, we say all this to welcome you on because i know you're more cautious on the oil outlook than we've heard from a lot of folks recently why in. >> i certainly see oil as improved and will continue to improve once people feel comfortable that the shutdowns are going to start to lessen, but when i called it the virus alley it's the sense that it will be volatile, a little over $50 now, but growth will resume, but it's going to resume when activity resumes, when people start driving again more than they have and when people start flying more, but that could be two, three months from now depending upon how widespread the vaccinations are, so this is not a long-term thing and oil has been struggling in that range of 40 to 50, and it's very close around the $50 raining right now. >>

i've got apple's target raised to 144 from morgan stanley i have exxon upgraded. i know you said you didn't include that, but this is the second exxon upgrade in as many days. >> well, oil is going higher. >> under your scenario - >> i can't -- >> -- isn't everything going to go higher? >> no. >> let me ask you this, jim, in the boom that you said is going to happen, what doesn't go higher >> the drugs, there was a recommendation of coca-cola, i happen to love management but you don't want to own that horrible to say, but you still can't own the banks. people come on and say it's time for the catch-up of the banks. i don't love wells fargo maybe we're getting better management there but, i like texas instruments in that situation i like analog devices in that situation. i like nvidia, which remains one of my favorites. but there's a lot of stuff that doesn't really work in my scenario because we have a lot of bust stocks look at pfizer look at con ed has anyone looked at con ed? has anyone looked at them? >> no. >> one of the worst stocks in the book >> oh, no, i

exxon today signaling up to $20 billion in writedowns for the fourth quarter it is a sector poised for a rebound in 2021. let's bring in paul sankey great to see you >> hi. >> first question is outlook for oil prices for next year then maybe we can move on to some of the stocks hopes for a cyclical recovery, have we already seen quite a bit of that in oil prices. >> i don't think so. i will come back to that in just a second i am interested about what you said on the show this afternoon about inflation and the dollar but first, to wish you a very happy new year and invite to you a virtual party tonight on twitter. that's twitter virtual party kenny laigs roll call. you are all invited. the outlook, i think at this time the biggest arbiter i see is related to the dollar in terms of people being very bearish and not being as bullish on oil of course you can't express a bullish view on oil through the stocks i don't think the stocks are really discounting the potential for much higher inflation or a weaker dollar, which would tend to go together i think over the course of the past year we

only mischa in a rainy livy an exxon launched a campaign my stealthy freedom in protest against iran's law obliging women to wear hijab she posted a photo of his so. on facebook with out one soon many iranian women followed her lead. there is a day war in iraq about my life. they have guns and bullets they have facebook to church instagram and our social media they can not be silent that's something that i never use. i to sing on social media can also help people facing completely different struggles the campaign in me action raises awareness to people with the chronic fatigue syndrome and many who suffer from pains and sudden feelings of exhaustion and me is still quite unknown so patients are often wrongly diagnosed in some cases even as having a psychological condition they'd written patients are turning to social media to raise attention to their plight with the hashtags immediate action and not enough for me they're demanding more funding for research on the disease. posting a video photo of yourself holding a piece of paper with a message on it as plain as that may sound it can s

and a rainy living exxon launched the campaign my stilton freedom in protest against iran's law obliging women to wear he jeff she posted a photo of his so. on facebook with out one soon many iranian women followed her lead. there is a war in iran about my life. they have guns and bullets we have facebook to church instagram and our social media they can not. side that's something that i've never. seen on social media can also help people facing completely different struggles the campaign in me action raises awareness to people with the chronic fatigue syndrome and many who suffer from pains and sudden feelings of exhaustion and me is still quite unknown so patients are often wrongly diagnosed in some cases even as having a psychological condition they'd written patients are turning to social media to raise attention to their plight with the hashtags immediate action and not enough for me they're demanding more funding for research on the disease. posting a video photo of yourself holding a piece of paper with a message on it as plain as that may sound it can still make a difference even

vaccine and with the biotech of exxon. what more would you like to see from the government regarding support for hospitals and health workers and guidelines for the public. at the moment i think i have recognize that the strategy of from october to do a slide locked on wasn't the right way what i hope that they will go on with this tragedy in general this start a strategy and that tell the people in germany that this is not the end at the moment everybody is happy about the vaccination but the vaccination will not help us in the 1st 2 to 3 months in 21 so i hope they will have a very good strategy for all the whole germany and not for parts of germany and that the locked on in some way would be continued that we have. that the the infection rates will not spread again and the myth of generally when they lose and perhaps there's. the lockdown. doctor and of germany's critical care in emergency medicine association thank you for joining us and thank you for your work i thank you. let's take a look now at some of the other de