mccoy come exxon has been working to scale back the legislation and stop exxon paying more tax.tors the company sought to recruit to their lobbying campaign -- and they are all republicans. >> president biden is talking about e big infrastructure package and he's going to pay for increasing corporate xes. a lot of the negative stuff starts to come out because -- it doesn't make any sense for highway bill. why would you put in something on emissions reductions on climate change to oil refineries in a highway bill? >>xxon is even trying to get through to president biden through his friend senator chris coons. >> senator cruz from delawe, close relationship with senator biden. >> dan easley left exxon earlier this year after nearly eight years bbying f the corporation. he described just how big a problem biden's original problem proposed for oil and gas companies. >> >> for years, on has claimed it suppor a carbon tax when they cannot for the policy. is a price a lot of people. but does exxon really believe in a carbon tax or is it a ploy to make the company look responsible while

exxon went on a pause last year.at the low and exxon would have to cut the dividend. i think that is in the rearview. the company is more disciplined on the capital spending. i think dividend stability is key and it is going to happen. for chevron, i think today you might actually see a share buyback. the balance she'd et is in bett shape than exxon you have to think about doing share buyback. i think dividends are safe for the companies. they can cover their dividends around 50 or less. >> and just before we let you go, phil how quickly will it be to catch up to the european majors with the esg push the clean energy push s >> a great push. rewind one year. it is night and day in terms of exxon and chevron talking about energy chevron yesterday announced an appointment of energy transition which they never had in the past we are starting to see the tone change rapidly i do not see the u.s. majors get into solar and wind and things that the european majors are doing. you will see the u.s. companies aggressively talk a

chevron, exxon, blockbuster earnings. petrochemical units for exxon.reak that all down and what it means with paul sankey, sankey research analyst. he is really the guru. we will chat with him after this. this is bloomberg. ♪ ♪ ♪ alix: live from new york, i'm alix steel, with dani burger in london. the 10 year yield falling to session lows, just above 1.21%. we are right around the session lows, buying coming in strong into the weekend. earnings coming out in many different sectors. we get u.s. big oil today, exxon and chevron. there were great numbers, particularly when it comes to their petrochemical unit, but one area that was particularly interesting is their debt. net debt is the percentage of code cap -- of total capital. chevron has the least amount, and exxon is stuck in the middle. the reason why this number matters is because it also shows how much they can really pay out in dividends and buybacks, which is key for investors. that is where chevron really takes the cake. chevron's dividend yield is now more than four times higher than the wide

it has been challenge after challenge for exxon. today it got stung by a filming operation. the company apologizing or comments drawn on camera by one of the oil giant lobbyist, the lobbyist saying the carbon tax exxon has promoted is unlikely to happen. excellent deeply apologetic. this comes on the fact of the fact the company lost to a small active investor, engine number one, which won three exxon board seats. it is launching an etf. it got a ticker vote and we need to talk more about it. let's do that right now and talk about what will be happening here. jennifer grancio, engine number one ceo joining us. i have to ask you about this excellent story everyone has seen that has captured the attention. you think the penny has dropped. you think the implication of what you did is filtering through at exxon? you think there is an understanding of the kind of change that will be nest area at this company? jennifer: let's talk about that and that it be i can pop to the -- i can talk about the broader objective we have. from an excelle

exxon, david you've been paying close attention to their cost reduction.y they're on pace for reductions of about 6 billion in 2023 versus 2019 as they have -- as they're being forced to implement more cost discipline >> yeah, and you know, as i pointed out earlier in the first half of the year, they spent less on capex and perhaps have been -- things may have come back more quickly than they anticipated at exxon as well in terms of the overall rebound let's not forget we are still in what many would say is sort of a tight supply environment, despite the recent moves even from opec and a lag of investment in the permian that will keep it tight for some period of time the shares have had a great run during the course of this year as you know. one of the biggest corporate stories of the year was the success of that very small activist firm engineer one and three directors on exxon's board, and we certainly expect to hear and get more transparency and more communication from exxon mobil as i pointed out many times in the days following that heated proxy fight

you have exxon-mobil reporting on friday. mike, trade or fade exxon? >> fade it now that i figured out how to play this game here is the thing. exxon has some games of its own to play. so the thing is, here is a company that is trying to support the dividend, and pay down debt and it has to replace the reserves and it cannot do all three of those adequately with the cash flow that is not to say that the oil prices can't go higher but they are facing a trifecta of things to resolve so i'm going to fade exxon. >> what say you bronco, grasso >> i'm going to say trade this one. 54 has been support way back since march. way back since march so this one is definitely a trade for me i think this one is going to start rallying again and get back on the horse as my friend pete najarian would say. >> there you go. nice bronco pun. on deck. we know you're excited but maybe don't book that flight for a business trip just yet surprising results of one new travel survey ahead. >>> plus, starbucks surging to more records but something just happened that may make you

they're calling it the romney exxon plan because exxon mobile is very happy about this plan. this group of senators who are supporting the plan, moderates on both sides. and exxon is doing whatever it can to make sure the package is, one, does the least amount of possible to reign in exxon and deal with the climate crisis and, two, make the bill unpopular. what they're doing right now is not his jobs plan. what was really great where the biden administration defined bipartisanship as what is popular with independent voters, not just politicians like mitt romney. i think that's what voters are hoping for today. >> you know, the thing that i have been really focussed on is the clean energy standard, and it's what exxon is focussed on and what a lot of fossil fuel companies are focussed on. in the package there is huge investments. but outside of dollars and cents, like a national clean energy standard which is to every one of the 50 states you have these targets that you have to hit. here is the standard. go out and hit it. without that, we can't hit the targets. today there we

senators he says are crucial to supporting exxon's goals. and he singles out west virginia's joe manchin. he says he talks to manchin on a weekly basis and clearly sees him as a key figure in knee-capping biden's climate change proposals. there was a no comment from manchin's office. we reached out to his office. but if it's true, how disturbing is this? >> reporter: well, joe manchin once shot a hole in a climate legislation, barack obama-era, in a campaign add, so, there's no secret about how he feels about, you know, coming from a coal state, but they also list another democrat like jon tester and chris coons and mark kelly out in arizona as sort of their big fish that they like to reel in. there's no allegations of illegality here and their campaign donations that are public aren't mind blowing but it doesn't look great, especially as that in infrastructure bill was stripped of so much of the climate tackling infrastructure they're proposing. >> and this is, of course, all happening amid record heat waves in this country. we are seeing t

i thought also, zerlina, that exxon lobbyist clip, it's a great way to see how the folks who work thishis. these people that we view as the fulcrum are the fulcrum and they are the ones getting worked over by the lobby is, with a lot of money to go out and campaign donation and a lot of connections to try and stealing things away from what joe biden proposed. that is the boogie man in that speech. >> and i think the american people understand that there is something wrong with this system and that it is not that individual members of congress are just quote unquote bad people, or mean, or something like that. it's not that simple. it's really about the structures that are in place that limit the ability to do things because they are baked in interest is reelection and these dark money groups that exxon mobile funnel money through these groups and keep these groups in power. they have invested interest in keeping to policies the way that are anti-regulating so that they can make more money while we burn, while we die and that is the danger that we are facing here. >> and mattie, quickly

they set up a zoom call with senior exxon lobbyist keith mccoy.. here's part of their reporting. >> we're playing defense because president biden is talking about a big infrastructure package and he's going to pay for it with corporate taxes. >> who's the crucial guy here? >> senator capito. joe manchin, i talk to his office every week and he he is the king maker on this because he is a democrat from west virginia, which is a very conservative state. he is not shy about staking his claim early and changing it. on the democrat side, we look for the moderates on these issues. manchin, sinema, tester. >> exxon's chief executive said the comments in no way represent the company's position on issues, including climate policy, and our firm commitment that carbon pricing is important to addressing climate change. at another point in the video the lobbiest said they don't believe it. we would love to have the senators here to talk about it. i may not be able to tell time, but i know what time it is. [whispering] it's grilled cheese o'clock. welcome to all

but for the time being, it does appear we are having this transitory wave go on, in terms of exxons, integrated, like that, they're the rick tapped reward they haven't gone up so i would look in the energy space, you want to go with the ones the government will be behind look at something like a first solar today up almost 3% on the day, they v had terrible news last night, having trouble getting supplies, all of that, yet the stock was up, that to me is the trade that i love bad news, good price action, bk buys >> interesting one coming up, another big week of earnings ahead so which fames should you keep an eye on? traders are giving their picks next amgen has had a buy, option traders are laying it auto owl mi y jammed "options action" congour way if an a few. "fast money" is coming back in two. ♪ someone once told me, that i should get used to people staring. so i did. it's okay, you can stare. when you're a two-time gold medalist, it comes with the territory. so, who's it going to be? tom? could be danny. guess it's on maggie. should we have another one? talk to us about retirem

they're calling it the romney exxon plan because exxonmobil is very happy about this plan.at exxon has been secretly lobbying this group of senators who are supporting the plan. the so-called moderates on both sides. and exxon is doing whatever they can to ensure that the in first infrastructure package as a whole is one, does the least amount of possible to rein in exxon and deal with the climate crisis. and to, makes the bill unpopular. what's popular is biden american jobs plan. what they're doing right now is not his jobs plan. it is really great, this past few months where the biden administration define bipartisanship as what was popular with republicans, democrats and democratic voters. i think that's what voters are hoping for today. >> the thing that i've really focused on is the clean energy standard and is what exxon is focused on and wall to fossil fuel companies are focused on. the single most transformative piece of legislation in the package, outside of dollars and sense, a national clean energy standard which is every one of the 50 states has targets they ha

it exxon's ceo said we condemn the statements and are deeply apologetic for it. okay.hese statements, congressman? >> joy, they should be called. they will be called. they're going to show up to our committee in september. it is appalling that every other industry has shown up to congress. tech ceos, defense contractors, the pharmaceutical industry, the wall street industry. who do these fossil fuel executives think they are that they don't have to show up in congress? that's going to change. we are prepare today use whatever tool is necessary. they will be showing up and answers the questions of congress. >> isn't the fact that who they think they are are the people who own the united states and own the government and they feel like they're in complete ownership of not just republicans but some democrats in oily states. >> oily states. coalish, i guess would be the word, states. any state dependent on the extraction industry. this is a playbook we have seen before. this is exactly what the tobacco companies did. they knew all along nicotine was addictive. they just wo

amy: exxon lobbyist keith mccoy went on to tell greenpeace that exxon's support for a carbon tax is a public relations ploy because such a tax will never be implemented. he also identified 11 u.s. senators seen as crucial to exxon's lobbying efforts, including democratic senator joe machin. amy: the death toll from last week's condominium collapse in surfside, florida, has reached 18 with another 145 people still missing. on wednesday, rescuers found the bodies of 10-year-old lucia guara and her four-year-old sister emma. their parents also died when the champlain towers southuilding collapsed. present bideand firslady ll bidenre visitg the te toda covid cases are surging in many parts of the world as the highly contagious delta variant continues to spread. russia has recorded over 650 new covid deaths, the highest one day tally. bangladesh has deployed troops to enforce a new lockdown as deaths soar. israel reported 300 new covid cases on wednesday, its highest daily number of new infections in over three months. cases are also rising again in europe after a 10-week decline. meanwhil

. >> pippa, we appreciate it >>> chevron and exxon reporting billions in earnings and strong revenue chevron ceo in the last hour >> we've seen really strong demand recovery over this year, and that really continues. it's a global phenomenon, stronger in some markets than in others the softness is in international air travel but domestic air travel within the united states, is back before prepandemic levels, the roads are full of cars demand has been very strong. >> he may be bullish but this month energy is the worst performing sector down 8%. how do you trade it? oil analyst at scotiabank. lots to break down here is the real question. are oil stocks a buy right now for you? >> yes we are bullish on the oil market we think that the group has been under owned by the investor. >> so you may be bullish but it seems a lot of other investors are not. i'm looking at the xes and the oih, both etfs down 3% following those very strong reports from chevron and exxon. did you see or hear something that would make other investors more bearish on oil? >> not really. i think the first time for mo

listen to him describe exxon's approach to climate science. >> did we aggressively fight against somen some of these shadow groups to work against some of the early efforts, yes, that's true. >> exxon mobile insists its lobbying complies with all laws and this sting was a decades-long campaign for greenpeace to smear them. today that committee sent a letter to keith mccoy, the exxon lobbyist in question, requesting a transcribed letter under oath. the committee wants an answer by next monday. if they deny the request, a s&p subpoena could be around the corner. as rachel says, watch this space. that does it for us. we'll see you tomorrow. "way too early" is up next. >>> coronavirus cases are surging across the country and now some states and officials are rolling out vaccine mandates. with so many millions still unvaccinated t question is could this be a tipping point. >>> plus, the house committee investigating the deadly january 6th capitol riot will hold its first hearing this morning. the question is what will we hear from the officers who are set to testify? >>> and tennis star na

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even the bread and butter traditional infrastructure things, where republicans and exxon mobil and theseraditional infrastructure investments, where fossil fuels -- those are climate infrastructure, critical climate infrastructure because there is no piece of infrastructure that is not affected by the climate crisis. there is no part of the country that cannot be affected by the climate crisis. this is the terrain on which all politics is happening and we cannot ignore it. that is the reality we are living in. these are the things we had seen getting much worse in every part of the environment. esg is a technical term, environmental social and governance factors that his -- has evolved a bit in the last several years. that term traditionally referred to a investment where investors in companies like blackrock or vanguard, these big institutional investors, or people who are putting their money there to say, i want to make -- these funds that screen for these factors. with that transformed into with the rise of green vines, green bonds, a fleet of things not well defined, that transformed

you know, you so recently -- heard and saw the lobbyist for exxon mobil admitting -- i guess he did notlize the circumstances of the videotape. [laughs] but he just admitted that many of us have long known, there have been a lot of highly cynical greenwashing at exxon mobil. if you look at other large oil and gas companies, most of them do not include the full range of emissions in their pledges to go to net zero. some of them are focused on becoming a little more efficient in producing oil and gas, and that is an example of greenwashing. the european commission took a look at this and found on eu websites, a very large percentage of these statements are misleading. so it is buyer beware. we have to keep cracking down on this, and investors have a role to play. emily: one of the most important trends you would call out in terms of where the money is going. mr. gore: i mentioned one of them was the electricity generation, 90 percent last year was solar and wind, and the international oil agency projected in the months going forward, it will be 90%, so fossil fuel companies are losing tha

number one, replacing three board directors of climate concerns, saying it's not the news that an exxonon tax. a spokesman said it's launching a new etf fund that will enable it to hold even more companies to account. >> from an on perspective, our campaign at exxon led by charlie petter at engine number one was about making sure the board had the right capability to understand how to manage every aspect of the company, including how the company remains a great company through the energy transition. so i guess i would say about the current new cycle that we look forward to the new directors joining the board and the company managing for the future, acknowledging some of the changes and transformations that have to happen there. we built engine number one specifically because we see a real link between the impact the company makes on workers and society in the community, but also climate and the environment on the long-term financial value of these companies. so whether it's an act of his campaign or a new product we launch, the engine number one, we can work with companies and hold comp

engine number one ceo spoke at the bloomberg sustainable business summit, fresh off the successful exxonil campaign to discuss the new etf and how investors can use their voting power to create change. >> one thing we can do is an economic and impact oriented activist campaign like we did with exxon. we have launched an etf. we launched this for people to stay invested in these big public companies over time. then we as the manager will vote actively. >> global news, 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. manus: thank. coming up, the eu unveils the details of its green deal. that will make the first net zero continent on the deal. this is bloomberg. ♪ manus: this is "bloomberg daybreak: europe." i'm manus cranny in dubai. the eu unveiled its plans to become the first carbon neutral continent by the middle of the century. big ambitions. maria tadeo joins us from brussels. this is undoubtedly a huge ambitious plan calling for -- what does it actually entail? maria: this is a huge proposal that the eu

the activist investment group forced exxon to replace three of its board members and says it's is notd by news that a lobbyist dismissed planter a carbon tax. speaking to bloomberg, the ceo explained how the new etf fund is going to be launched and will hold even more companies to account. >> our campaign at exxon, led by charlie at engine number one, was about making sure they have the right capabilities to understand how to manage every aspect of the company including how the company remains a great company through the energy transition so i guess i would say about the current new cycle that we look forward to the new directors joining the board and the company managing for the future, acknowledging some of the changes and transformations that have to happen there. if i step back, we built engine number one specifically because we see a real link between the impacts the company makes on workers and society and the community but also on climate and the environment on the long-term financial value of these companies, so whether it is an activist campaign or the new product we launched

you've got shares of exxon mobil and chevron up on the day.epurchase program those stocks certainly ones to watch here check out shares of capri. this is the company formerly known as michael coors they come out with better than expected profits and revenues. they've also boosted their full-year guidance for the second thiem year because of those stronger results those shares up 8% capri holdings one to watch as well as we do customarily in this hour, we give you a check on the top ticker searches on our website from the day before. the top four serges yesterday, amazon.com, no surprise there, robinhood markets of course with its public market day bow. the ten-year drops from number one to three and pinterest shares as well, those top four searches on cnbc.com from yesterday as well. so joe, that's stuff to watch in the premarket trade. i'll send things back over to you. >>> i got the same bet, an american wins a gold medal, what do you think >> it's an uphill battle right now, i think, right? sepp straka had a pretty good start. >> who's got

we just saw this past week a major corporation, exxon, broadcast all over the news with one of theirlimate change and try to change the minds of people in communities like ours. so we have to hold businesses accountable. we have to demand that they show up in a way, call their card if they're going to support environmental justice and climate action or if they're going to be like exxon. it's going to take all of us putting all of these issues together, and we can do it, and we can move forward. i really believe that. >> heather mcteer toney, thank you again. and i'm thank you for all you. do you work with the environmental defense fund, and you served as the first african american, first female and youngest mayor of greenville, mississippi. happy fourth of july. >>> up next, my thoughts. stay with us. ♪ when technology is easier to use... ♪ barriers don't stand a chance. ♪ that's why we'll stop at nothing to deliver our technology as-a-service. ♪ if you wanna be a winner then get a turkey footlong from subway®. to deliver our technology as-a-service. that's oven roasted turkey. piled

exxon mobil posted the highest profit in two years. the energy giant's cash flow was lifted by surging demand for oil and gas. all of this cements exxon mobil's recovery from a period in which it burned almost $2 billion in cash. amazon faces the biggest european union find in history. the eu's data production walked job -- reduction watchdog has been hit with an $8 million penalty. amazon said the company is processing if personal data did not comply with regulations, and amazon says it will appeal the decision. go to bank has lost a string of wealth management executives for the last year. at least 10 senior bankers and numerous junior employees have left. global news 24 hours a day, on air and on bloomberg quicktake. i'm ritika gupta. >> we are looking for a pretty significant deceleration as we go into 2022. right now, 6.5 percent growth in q2, probably more than that in q3, but then we are at 1.5% to 2% by the second half of 2022, and that is partly because the return to full utilization in the service sector is a slow process. jo

we spent a lot of time talking about exxon mobil.some research on it. >> sometimes you get this research, david, and you -- this is a hold by bmo, and you read it, and you want to buy the stock. you want to buy it aggressively. and that's what i feel this piece is calling it don't call it a comeback, and then it's a comeback story. it is. everything is going right for them the dividend is secure, the foundational is terrific the board is moving forward for esg, which i like very much, and david, ten-year high some of the parts. i don't understand this because this is to me, a great story with the new board. >> they do talk about lots of positive momentum. >> no, it's like, wow, let me add it if this stock comes down, i want to use this as a reason to buy so initiating coverage of market is almost as if someone said at the organization, look, chevron's better >> a lot of ceos don't survive a vote like what happened there. woods seems likely too yeah, for now. >> i find that to be -- >> it's tough. >> that's a tough -- that's a board t

she will be -- exxon's senior vice president.s pushing back its return to the office by at least a month to october at the earliest . the company is responding to a resurgence of covid variance across many countries. apple give its employees at least a months warning before mandating a return to offices. ibm is reported its biggest sales increase in three years, beating estimates on the back of demands for strong computing. revenue rose 3% in the second quarter, signaling the ceo to fitbit. >> a retreat and global stocks has extended in the asia section. there's a threat posed by the economic recovery from that spell -- friend of the delta variant. let's get to -- she joins us from singapore. u.s. equity market futures, we are moving into another day, another session. it has certainly been a rough time for risk assets. >> it has. it's a real question as to whether we have hit peak growth. it certainly has been weighing into risk assets today as we talk that negatively coming through from overseas markets. the u.s. seeing an uptic

we just saw this past week a major corporation, exxon, broadcast all over the news with one of theirimate change and try to change did minds of people in communities like ours. we have to hold businesses accountable. we have to demand they're going to show up in a way that calls their card if they're going to support environmental justice and climate action or if they're going to be like exxon. it is going to take all of us putting all of these issues together, and we can do it and we can move forward. i really believe that. >> heather mcteer toney, thank you again. i'm thankful for all you do. you work with the environmental defense fund and you served as the first african-american, first female and youngest mayor of greenville, mississippi. happy 4th of july. >>> up next, my thoughts. stay with us. >>> tomorrow is the fourth of july. tonight, there will be fireworks and celebrations all over the country about the declaration of independence of 1776. this morning, i was reading a column about a book written by gordon hood about -- gordon wood about two of the founding fathers' relat

exxon did not do anything illegal.he lobbyists were not the views of the company and were not part of the issues they discussed. it puts the company in a tricky position given the latest routing they took at the shareholder meeting. they lost three seats. >> one side stick tod your guns you are an oil and gas company the other said you willingly damaged the earth for the past 30 years they can't win i'm not shocked at the story, to be honest. >>> coming up, 58% of the respondents in the cnbc quarterly stock report said oil is the favorite inflation trade. dirty oil. we'll talk crudely no, we'll talk crude next. not crudely. here is a look at the s&p 500 winners and losers as we head to break. >> announcer: executive edge is sponsored by at&t business our people and network will help keep you connected let's take care of business. oh, we can help with that. okay, imagine this... your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, asap

break, check out some of the topicers amazon takes the top spot, the ten-year yldie, robinhood and exxon, then apple. we'll be right back. t we need s. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. ♪all by yourself.♪ you look a little lost. i can't find my hotel. oh. oh! ♪♪ this is not normal. no. ♪♪ so? ♪♪ right? go with us and find millions of flexible options, all in our app. expedia. it matters who you travel with. that building you're trying to buy, expedia. you should ten-x it. ten-x is the world's largest online commercial real estate exchange. and it's fast. if i could, i'd ten-x everything. like our lunch. (laughs) amazing! see it. want it. ten-x it. if you're 55 and up, t-mobile has plans built just for you. switch now and get 2 unlimited lines and 2 free smartphones. and now get netflix on

they've have a tough q2 earnings. >> like a chevon for example. >> no, chevron is less refining but exxon is already warmed shelf exposed and thein defendant refiners. >> i meant on the up stream side the names that you zpo like. >> well i think i would throw in there apache, as just one that i have recommended but here i think it will have a prettygoo run here once we turn oil which is the key oil equities, that is. >> paul, avenue ravels, wherever you are in the world. and hopefully global will come back paul sankey, likes devon and pog and pioneer. and guy, you talked about phillips 66. again it -- i like talked fundamentals and opec and the inner play between the parties but he makes a darn good point, i almost said something else about the rates and the dollar if you're going to trade macro commodities, you better know currencies and rates, right. >> and that is how you led the conversation you were correct to do so. without question, the most important chart, tim would agree and nadine and dan as well, the most important chart is the u.s. dollar i make the joke about the wrecking ba

that's the program exxon is finally on so we still like that stock. but if you want a little more data, frankly othe oil space, we'd go with a schlumberger or halliburton, where we're also long, obviously. >> let me ask something that ties this all together when we're talking about oil staying at $80 or $90. the last time it went up to $100 was right before the financial crisis that obviously portended doom more than it portended a strong period of investment returns that was over ten years ago. so maybe, you know, in real terms were well below those levels is ail at 80 or 90 going to act as a break on the economy? it's the only part and it acts as a tax on consumers. is all that tax going to go into them buying gas for their cars or paying fuel bills. >> the u.s. economy is much less sensitive to energy prices than it was when i started my career 40 years ago and, you know, it's just not as important. remember, we're also a big oil producer so there's a winner and a gainer in oil going up. but then the u.s. economic activity is roughly neutral to oil

especially those who take a lot of money and have regular meetings with exxon mobil. our viewers can take part in this conversation and we will open up the regular lines. for democrats (202) 748-8000. for republicans (202) 748-8001. for independents (202) 748-8002. you can text us at (202) 748-8003. we are always reading on social media on facebook and facebook.com/c-span, also on twitter and instagram. kate, the infrastructure package in front of congress right now has money to build the national network of electric vehicle charging stations. they are going to purchase thousands of electric buses and upgrade the grid. is that good enough? caller: no. it's good. it's not good enough. especially if you look at the scale. electric vehicles are positive. we live in a country where a lot of people drive and people should have cleaner transportation options to get to work. but the american jobs plan mentioned that it would fund 500,000 electric vehicle charging station. that requires tens of billions of dollars. what we are getting in the most recent proposal was $7.5 bill

best quarter in company history for the chemicals business side of exxon mobil.her top stories we are following for you this morning. lawsuits are mounting following the deadly surfside condo collapse in florida. two dozen lawsuits have been filed on behalf of the plaintiffs. 98 people were killed, remember. the lawyers say it will cost $1 billion to compensate families fairly but only 50 million is available for payouts according to court filings, that money is coming from the condo association's insurance policy. well, the black widow is throwing poison at disney, scarlet johansson filing $50 million lawsuit against the company over their decision to release black widow in theaters and on disney plus at the same time, alleging breach of contract. she says her agreement guaranteed a theatrical release and salary was based on box office performance. disney says they fully complied with her contract. well, uber becoming the latest company to push back its office return date due to the delta variant. employees globally don't have to return until late october. but t

with horses here in germany are investigating an attack on a turkish german living in exxon in berlin. azure is a prominent critic of turkish president reggie tie berwin. police say he was attacked by several men outside his home. is that address as one of the men told him inter, if you will not write your opinion, his fine. german comic is 875000000 euros for confusing to prevent the roll out of clean emissions technology. the a new anti trust body says dimer bam. w. volkswagen group denied consumers chance to buy less polluting cars time the escape to find because it revealed the cargo to the commission. climate researchers say the world may have passed a critical global warming threshold as a heat wave, such records across north america, parts of canada to reach nearly 50 degrees celsius and the high temperature of lead to hundreds of deaths. europe is also facing one of its houses to have a summer's living near an outdoor swimming pool during a heat wave is a fortunate thing. the temperature is sore and so high in alberta, canada that can't be melted. it's random events, it's very

business, that should be good that is also tech but you hear from boeing, starbucks, caterpillar, exxonobil, by the end of the week will know how america's economic recovery is going. jack: people that cover the market will be tired we have to move on but one real quick if you're expecting rapture and we only get champagne and confetti, could that be bad news that maybe the market is into submitting too much good news. >> it would be bad news because a comparison could hardly be easier for the second quarter it was a disaster last year, the comparisons were more difficult everybody expects us to be the peak for the growth rate, it better be good, i'm saying rapture plus, what's better than rapture, i'm predicting that. jack: not so rapture when it comes to covid the delta variant much more contagious and numbers have been going up dramatically, what does that mean for us? >> it has worries about the pace of economic recovery. maybe a little bit found in monday's trade but you also see decisions of businesses and cities have made apple delaying its return to work by a month in austin con

norestions onho pe d ne to>>> pol fure of policing in the bay they hosted an exxon roadshow in san bruno highlighting some of the latest products such as body warn cameras for officers and a representative said they are getting more and more advanced. >> everybody is under a microscope right now is what we want to do is have accountability and transparency from the law enforcement officers to see what they were facing and when you wear this camera right here you are live up close and personal and this could also live stream events. >> the company also demonstrated some less lethal products like tasers as well as drones and virtual reality technology. >>> an update in the kristin smart case. >> judge has denied adding rape charges against the man accused of killing the student. the das office made a bid to file those two charges against him after she disappeared and a judge ruled against that motion. the lawyers for floor is called the attempt a publicity stunt and prosecutors say florez was the last person seen with smart on may 25, 1996. her body has never been found. >>> for the first

then exxon, i'll take the opposite side, i don't like the large integrateds here, we were talking about how they would defend their dividend and now they're making new 52-week highs. and then last one is so phi, my final trade the other day, final trade last week, we're going to talk about robinhood, i think that some of these finteches and some entrants to the market, the valuations they're getting, sofi should be -- >> to be clear, liking oil, is not liking exxon in particular that's because, you know, they are benefitting from higher oil prices but they're not replacing their reserves they are trying to maintain their dividend, they have a huge amount of debt and you can't service the needs of all of those three things simultaneously with the cash flow they have you can either pay the dividend and pay down debt and not replace your reserves. you have to do a mixture there is a compromise there and i don't see exxon as a great investment >> yeah, tim, and tim, you are also in some integrateds, i believe, but if you wanted to play this move above 75 in crude, the more levered way is to

s. chevron exxon. and so prices when sky high weight, this would be a 1st for us to do something based on oil interest. oh yeah. yeah. okay. yeah, totally. i mean, what were we in bananas before so you said prices on sky high prices, one sky high and that's what led to this mass opposition and really be haitian people felt betrayed by marquiz because they felt solidarity with venezuela who was offering them a really good deal and offering them basically a fund for social programs because of they would be able to defer payments for 25 years and be able to hold onto this money which then always embezzle. so the haitian people were really pissed off. so there are many people in haiti with a reason to not want him in power. also, he was kind of clinging to power after he should have been out of office in february and he was like, why, what about the constitution was we're why, why do you want to term option anyways? but yeah, i mean, it seems to me unlikely that the us would be behind us because we've been

there are no reason why we are presenting for reports, documenting what the exxon has meant to us. the crimes we were victims of who we are and diversity of our experience. indigenous leader and lawyer, elizabeth garcia, spent 12 years in exile in canada like many here. she would like to return to columbia, but says the conditions have not been met. and so there are so many people here that have tried to return and have to meet again because the tracts never and they never had an option. we are here to tell the state that we want to believe in our country again, that we are many that columbia is more than war that we are betting on. the columbia state has only recently began to acknowledge that on top of the millions of internally displaced people, 1000 more have had to leave the country. and while the united nations refugee agency has registered almost 400000 colombian exile the governments to the victims agency has so far acknowledged only 30000. their plight in the pain of derek style is just beginning to surface. but in the country where social and community leaders keep gettin