we think that between chevron and exxon with exxon just tripling their buyback announcement last quarter going from $10 billion all the way to $30 billion. we are not expecting that they will move that guidance born again but we could hear some commentary about whether there would be some acceleration in that $30 billion. for chevron, they will raise the bottom end of the buyback which is currently five dollars to $10 billion. we are already modeling about $10 billion in buyback. again, the bar is very high. >> it is really interesting, this focus on buyback when the stock is up 2% or so a year to date and it brings up the point that the stocks are still cheap to the s&p 500 and other sectors but you compare them to some of the names over here and i guess there is a reasonable comparison in that business model in a way that doesn't apply to other industries where the u.s. crushes us here in europe but are they cheap enough to be focusing so heavy on buybacks? >> reporter: we think so. i think that the companies are making a lot of money now because oil prices are constructive, because th

chevron shares up, exxon shares up. exxon shares have absolutely skyrocketed this year.h more than chevron. jonathan: cash machine. thank you. joining us now is the head of fixed income research at strategists -- strategas. it is too early to price of the fitbit. is it too early? thomas: i think so. what we are seeing in the equity and bond markets is that the markets are saying because the fed is relying so much on using the fed's fund rate to tighten monetary conditions instead of the balance sheet, the market is saying the fed may not be able to get to the point where the balance sheet can harm -- because main street may wobble into recession. i still -- i still think recession is the likely outcome. jonathan: talk to me about how much they are going to hike into this weakness? that is what we are talking about when it comes to the federal reserve. nominal gdp is -- but real gdp is contracting. how do you think the fed response to that? thomas: the fed has to continue to tighten. whether they continue at the pace they are going at worst they slow down that is the real

we begin today with the record breaking profits from oil companies. exxon mobile and chevron. exxon mobile made $17900000000.00. all chevron posted $11600000000.00 in profit in the 2nd quarter. these massive earnings are coming at a time where consumers are facing spiraling fuel costs, which in turn are driving up the prices of everything else. the u. s. oil joins, earnings have followed on the heels of european petroleum majors like shelf to tell energies and any posting their own. i watering numbers. teddy austro is standing by for us at the new york stock exchange study. as we said, those profits are coming out of time of rising fuel costs for consumers resetted a few times already on the show. any chance that those oil giants will use those profits to help mitigate the energy crisis? yeah, well, you can't stress enough. how strong these profits are bite and actually said last month that these oil companies are making more profits than god. now are they investing these profits back into the industry to give more supply to try to use the energy crisis. bring some of these high costs that

there they are chevron and exxon.a top performer in the dow, easily beating earnings and increasing the stock buy back program by $5 million exxon reporting stronger than expected bottom line and missing revenue estimates. on "squawk box," darren woods discussed the outlook for demand amid the rising recession fears. >> there is some elasticity in demand so we did see some impact in moderation and demand but continue to believe in seeing a growth overall in prords as economies continue to recover. >> pippa stevens joins us. not sure the record profits and higher buybacks will buy them political good will. the white house has accused them of prioritizing profits above all else what did we learn here >> during this record quarter for both exxon and chevron, both companies were quick to note that they are in creasing output and they are trying to alleviate some of the burden on consumers of these sky high energy prices. mike worth at chevron said that permian production is up 15% compared to last year. darren woods at ex

big oil roles in a pile of cash with exxon and chevron delivering record prices. how long can the good times roll for the majors? inventory backlog on intel has hit the stock. anna edwards is in london. welcome to bloomberg markets. there is a question of with the -- when the fed continue and for how long. anna: this is been the theme of the last few days. alix: we just had chicago pmi coming in lighter than estimated and the final read on the long-term inflation expectations. that's why jerome powell went 75 basis once the first time. we are also looking at one year inflation expectations holding steady at 5.2 percent and current conditions are slightly better. we will go to michael mckee. what is your read on this one? michael: i think this is a little bit better. the move from 2.8-two .9% on long-term and elation is just probably statistical noise because we have seen it come down significantly over the past couple of weeks. the june number was 3.1%. americans are watching the guest homes come down -- watching the guest prices come down -- the gas prices come d

chevron beating expectations and the same story with exxon mobil.nings. $17.85 billion in earnings. if you break that down on and earnings per share basis, it was $4.21 a share. on the revenue line, it looks like it did miss the number or the expectation on the revenue line. it looks like revenue came in at $115.68 billion. looking for $113.7 billion but analyst putting in an estimate for revenue rather than earnings. earnings is what we normally focus on. they also talked about how they are spending capitol investments. capex was $9.5 billion and they say they are on track for capex numbers. when they were looking through some of these things, they talk about new lower in mission initiatives, carbon capture and storage business. what happened with this? darren woods is saying in this release, the ceo, saying that the quarter reflects what they are calling fundamentals and the investments they put into motion several years ago when oil prices went negative. we are going to get the chance to talk to darren woods, the ceo of exxon in an exclusive inte

exxon alone lost $22 billion during that span.says they continued to invest in new supply during that span even though they lost money. clearly this is a boom to bust industry. ups and downs. right now they are riding very high. >> i feel like even with that loss very few people will feel sorry for exxon especially now seeing the contrast of how much more money they've been making. so gas prices have gone down for over a month now. any reason to think this streak will continue? >> well, the good news, okay, gas prices 45 days in a row are down. they hit a record high $5.02 mid june. since then they're down. this is not cheap. $4.26. it is not great but definitely a step in the right direction. there's actually 16 states that now average less than $4 a gallon. i think the bad news is that oil prices have started to creep higher. they actually traded above a hundred dollars a barrel earlier today trading around $98.75. we need to keep an eye on this. if they go above a hundred dollars i think we'll see a return of the dreaded rising

>> exxon mobil, scott.seems a bit of a no-brainer to me, off a recent high with moves lower this crude and gasoline as i mentioned. i talk about gasoline just a second ago i don't think we're going down to $2 a gallon josh laid out eloquently what the issues are there will be a secular supply demand imbalance for years to come i know exxon is reporting next week i'm not trying to predict which way earnings are going i'm just starting position here, 4% dividend yield, single digit multiple and secular reasons for it to continue to grow going forward. so, for me, as i said it's a no-brainer >> let's debate it josh brown, are some of these energy names that have pulled back no-brainers at this point >> yeah, i like the setup here on exxon high 70s seem to have been support going back to late february exxon looked like it was going to take out that low and bounced off of that pretty substantially. and now back to reclaiming its 50-day moving average. i think this one is setting up nicely i'm in the ieo which ar

chevron and exxon saw a five-time improvement versus first-quarter numbers for the u.s.ide, figure on the international side. we are starting to see the first cracks in asia, refining margins in singapore drop, hitting both exxon and chevron, but the numbers will still be high and we expect those buyback plans through 2023, which are huge increases versus 2002 anyone levels and even 2019 -- versus 2021 levels and even 2019. jon: let's talk about that in the context of where oil supply is. a tight picture. much of the world looking to north american producers. in canada, a lot of companies just reported. some of the messaging from companies like chevron seems to be they want their share of the pie. fernando: absolutely. there is difficulty raising spending significantly from the levels they are at today. there's inflation, a lack of labor supply, and a lack of materials. we see those issues throughout the economy, not just in oil, and that limits the amount of growth you can get out of shale. in other regions, you have really cut spending since 2014. we have not seen a lo

we're waiting on chevron and exxon. they'll be reporting quarterly earnings, procter & gamble also hitting the tape. those stocks also higher going into the numbers. it has been a strong month for stocks. the nasdaq up 10% for the month. european markets this morning are also higher, take a look at the eurozone right now. the ft 100 in london right now is showing a gain of 28, the cac is up 87 and the dax index higher by 124. in asia overnight markets finished mostly lower, take a look at the indices in asia. president biden and xi jinping spent two hours on the phone yesterday but joe biden failed to bring up the origins of covid or the production and distribution of fentanyl in america. instead, xi lectured biden, threatening the west about playing with fire if nancy pelosi goes forward with her trip to taiwan next month. the two discussed meeting in person for their next meeting, we're on it all morning long. "mornings with maria" is live right now. ♪ everybody's working for the weekend. ♪ everybody wants a new roman

it came on the exxon kind oh, these days, livestock breeding is a high tech business. opinions differ on whether that's a good thing or not, but this switched genetics. time is certain, it's on the right path. genetic engineering also allows cattle to be bred without horns. so the less likely to injure each other. many farmers cut off the horns by hand. a painful procedure for the animal. with genetic engineering, there is no pain, but animals still need to be slaughtered. if we want to eat meat, there's no way around that or is there, ah, this laboratory is growing the meat of the future. biologist, p at try kruger heads up a research team at whitening and university cultivating so called clean meat a project they've been working on since 2019. the process begins by taking some muscle tissue from a piece of real meat. the research is isolate the stem cells and multiply them and then create that artificial meat pit. i clue, gabby leads, lab grown meat will play a key role in the future. strand anger threatened us, encouraged, it's shocking how few people and grapes are involved in thi

exxon and chevron reporting record profits, exxon had gained a massive $17.9 billion, more than three times what it earned a year ago. chevron nearly 12 million in profits, also tripling for last year. oil and gas driving this. >>> today at the pump nationwide average price for a gallon of gas was $4.25, down now for 45 straight days. but still, course, elevated. up at dollar nine. >>> you were out for new features to attract drivers, now uber drivers will be seeing how much they will earn, and where they were going, before the accepted trip. uber also announced a debit card that allows cashback, at select gas stations. and supply chain pain, about to play a trick on kid this halloween. >>> hershey warrants a candy shortage could be on the way this fall. the candy maker says raw ingredients are scarce, hershey blaming this on supply chain issues, related to covid and the war in ukraine. >>> at wall street, the dow up 16 points or thereabouts, to finish the week. the s&p up 58, nasdaq up 228, almost 2 . all three indexes up for consecutive weeks, that hasn't happened in four months. i

it's not just chevron and exxon, the biggest u.s.se companies are raking it in on the backs of consumers. >> in the meantime, you know president biden is trying to ease fears about a possible recession coming upon us after numbers show the u.s. economy shrank for the second quarter in a row. let's listen to what the president said about it. >> we have a record unemployment of 3.6% today. we've created 9 million new jobs so far just since i've become president. businesses are investing in america at record rates. that doesn't sound like a recession to me. >> now, a new cnn poll that came out before all of these grim numbers found 64% of americans think we're already in a recession, and that majority holds across republicans, democrats, independents. what do you think about this, secretary reich? are we talking ourselves into a recession? are we talking about it so much people are pulling back on spending, what do you think? >> there's a danger of a self-fulfilling prophesy talking about economies, and specifically recessions. but most

exxon, they made a huge amount of money, and i am thinking that it's a struggle to see who is really better. it is. it's a struggle. >> two good quarters going to help the indexes today on this final day of july. we'll talk some roku, getting crushed after the results with concerning comments about tv ad spend. meantime futures improving a bit. nasdaq in the lead we're back in a moment. to adapt in the changing world, you could hire a professor of theoretical mathematics. we all know this equation, right? he'd crunched numbers day and night. that's it. to maximize profitability. morning. i have quarterly numbers that are beautiful. and forecast revenue from every corner of your organization. is that important? or you could use workday. the finance hr and planning system that helps cfos make better decisions faster. for a solve problems like a genius world. workday. for a changing world. finding the perfect designer isn't easy. but, at upwork, we found her. she's in austin between a dog named klaus and her favorite shade of green. it's actually salem clover. and you can find her right

kailey, exxon up by about 3% this morning. both have been beating expectations, chevron boosting its buyback program to $15 billion. returning capital to shareholders as they break it in. with of these companies seemingly throwing in a line for the biden administration in their statements, talking about how they are ramping up investment to meet demand. i don't know that the biden administration bill see it that way as they talk about profiteering and price gouging. jonathan: you think? chevron doing ok. do you think these buybacks slip under the radar this morning because of what has been happening with gas prices over the last month? lisa: perhaps it is expedient for this administration to say that is great, good job, you guys are helping the cause. and that is why gasoline prices have gone down. jonathan: just a group effort. lisa: go team. [laughter] jonathan: david short has things to go -- stephen schork has things to say. talk to me about why gas prices are down over the last month. stephen: absolutely. when you take th

chevron and exxon this morning reporting record profits during the second quarter and their refining key role as prices for products like diesel and jet fuel jump both stocks are rising today, but we have seen some softness across the energy sector in recent weeks amid growing recession talks and the potential demand slowdown, but exxon ceo darren woods saying on squawk box that he still sees growth ahead >> there is some elasticity in demand so we did see some impact in moderation demand, but continue to believe and see growth overall and as economies continue to recover. >> meantime, huge moves across the clean energy space this week following that surprise deal between senators shumer and manchin as well as strong earnings the invesco solar fund up about 19% this week with hydrogen and wind stocks rising, as well. in terms of individual movers and enphase sunrun and sunnova, kelly up more than 30% this week >> increddin pippa, thank you for highlighting that and we'll pick up on it because our next guest says one of the leaders could be first solar and it's moving bigger and colin

the defendants are chevron, exxon, bp, shell, and conoco phillips. these funds will be used to pay for seawalls and other infrastructure needed to deal with sea level rise. we have some real risk that's going to require some billions and billions of dollars of investment by san francisco on infrastructure if we're going to stop catastrophic loss, so that's what we're looking at. a lot of our developments are occurring along the waterfront. our lawsuit is a part of that. i want to have this abatement fundhat has been created now to ensure that we can fund the infrastructure improvements that we're going to need to ensure that those developments go forward without the threat of sea level rise. scholl: politics in san francisco is funny. there are a lot of really enlightened views. on the other hand, it's probably not enough to prevent the business community from making things even worse right on the waterfront. christensen: we're going to have to adapt. it's going to take that creativity and energy and capital. the question of how do we balance that ec

we are a like and a buyer of exxon. we like occi we're a buyer of this.ing stocks that will just print cash especially something like a fixed plus variable dividend. they're putting that cash back to shareholders. occi is starting their buybacks in dividends companies not really put as much into the ground as they are giving it back to shareholders occi is having to do debt reduction but it's done quite well it's got the berkshire backing and the warren buffett seal of approval and that makes people feel good about investing. i am a buyer i don't think the energy rally is done. i think it needed to take a breather i think some of the demand destruction, unless we hit $150 a barrel is less of a concern. >> you're still more worried about the upside than the down side let's leave it there then. pivot to the renewable space where the solar and alternative names are getting hit from a few key issues it's not like they're benefitting from this rotation out of the traditional fossil fuel plays pippa, why are they lagging? >> they are higher today amid this broa

but the last shoe of this creation we have here, is the exxon mobile setting a new record in free cashflow and no one cares. >> right, we got that news on friday -- >> but the stock has been going down because of the commodity going down >> but commodities are crashes and everyone is saying that it must be a recession. the commodity has gotten other inflated everything got over inflated and over earned. >> it is one of the great examples if is just shut down. they told us they're trying to shut down. >> no one notices this china went to a vaccine strategy >> well, that is what we have been waiting for it's no longer just don't go anywhere, we'll stop covid >> goldman, of course, as we said yesterday sticking with 140, a big note last night arguing that yesterday was about a strong dollar and lower interest, and weak volume, and that structurally the supply equation will rear it's ugly head again >> is the president going to empty the petroleum reserve. but that is back to where we were >> no, but the russians went -- >> prior to the pandemic >> the russians found a way to get their oil to

oil prices under a little pressure but we had gains in the friday session given we saw exxon mobil and chevron coming out with record quarters. the 10 year yield still around the april low but shorter data yields were higher given that we got price gains coming in a little higher than expected, including the pce number which is the one the fed targets. it's another big week -- we are talking about 75% of earnings result from s&p 500 companies beating estimates. this week, we are watching caterpillar. they weren't -- they warned we might see slowdown. we are watching airbnb because we are watching for the travel rebound. and we have alibaba and we are hearing this fcc has added the company to its list of possible delisting's. they have a three deadline now. annabelle: that is another headwind facing tech stocks in general. we have central banks meeting in india and australia. futures mice, we are looking mixed ahead of the open but in terms of the currencies base, a bit of weakness in the dollar. the yen is holding around the 50 day moving average. it seems crazy that just a few weeks a

the dutch government signed a deal with the oil- signed a deal with the oil company shell and exxon mobil reinvested in the country while local people have been locked in battle for many years just to get a few thousand euros compensation. here beneath my feet, europe's largest natural gas field and this is where they are extracting fossil fuels. the warren ukraine is forcing governments to reconsider reliance on russian oil and gas and that combined with a global energy crisis is mounting pressure to extract more, closer to home. this gas field is scheduled to close in 2023 or 202a and although hopeful it will happen, residents tell us they have little faith. can you guarantee that will happen? for guarantees _ guarantee that will happen? fr?" guarantees you can go to a second—hand car dealer. i don't give them. suppose our gas situation would become so bad there is no supply from russia to europe that we cannot heat houses or hospitals, then we have a big problem. then he would have a situation where you can sort of consider turning on the tap. in this context — turning on the tap. in t

no, you can't tell what was here before looking at what we have now. exxon keanda, warsaw, which people in hassan about are trying to rebuild. but some fear it's only a much of time until the next disaster hits. and while pakistan is responsible for less than one percent of global greenhouse gas emissions, the lives of its people already being destroyed. and i ruined shesta is a senior climate specialist with the international center for integrated mountain development. and you joins me from catman due in nepal. welcome to the program. thank you. okay. can you give us a snapshot of the himalayan glaciers? how bad a state are they in? when linda lucius in indigo, she marlowe reasoned us. what we call this region is, are, you know, in general singing quite rapidly. just to give you an idea in terms of the number, ah, between 198-2010. and that's appear for the study we have so far, most updated and in nibble, for example. and the glitch of either reduced lee about a quarter 24 percent will be precise in good 123 percent. right in, in part of industries in it to reduce plate 21 percent. so

in this youth, exxon was heavily criticized, not just by environmental groups, but also by lawmakers across member states and across party lines. many have said that nuclear and gas cannot be deemed sustainable and cannot receive this free label, so to speak. but then others said that in that light of soaring energy, pressures across the continent, leg of the situation we are in right now. these energies are necessary as traditional tools and should receive the same label now on gas and other. she became apparent since the proposal was 1st publicized at the end of last year. that is that it's heavily reliance on russian sheep available gas. some critics say that this taxonomy was proposed in a different geo political reality, and it is no longer feasible today that a spider criticism this taxonomy will come into power automatically. at the beginning of 2023 alleged member states object of the upcoming which the w's max xander there. meanwhile, nuclear power has been given a boost in south korea, which now plans to increase the portion of nuclear in its energy mixed from 27 to 30 perc

tomorrow, we get exxon reporting in the u.s. the political risk if they were to report these blockbuster bonanza earnings on the heels of this point. >> we have midterms coming up in november. oil companies definitely making a lot of decisions. if you are a company, you want to make a lot of money. but they did not make a lot of money these other years. what they have been doing with the cash is enhancing the balance sheet and giving the money back. we already saw that companies are delivering on the "show me the money" mentality that investors have right now. we think exxon could potentially talk about their $30 billion buyback program. they just tripled it last quarter. it is unlikely to see if this quarter, that we think there could be some shifting and frontloading of that. we just talked about chevron, how they will raise the bottom and of their buyback guidance. companies have a couple of options. you can either reinvest with growth, which is pretty much a no-no right now, or they can hoard the cash. lisa: that's the point

ah, oil companies pump out unprecedented profit exxon belleville and chevron shatter earnings records at a time of soaring fuel costs for consumers and chits to compete with china. us lawmakers boat to spend billions to boost the countries domestic semiconductor industry. this is the w business. i'm janelle dumas on welcome. we begin today with a record breaking profits from oil companies, exxonmobil and chevron. exxonmobil made $17900000000.00. all chevron posted $11600000000.00 in profit in the 2nd quarter. these math of earnings are coming at a time where consumers are facing spiraling fuel costs, which in turn are driving up the prices of everything else. the u. s. oil giant earnings have followed on the heels of european petroleum majors like shell to tell energies and any posting their own. i watering numbers. teddy austro is standing by for us at the new york stock exchange study. as we said, those profits are coming out of time of rising fuel costs for consumers that reset it a few times already on the show. any chance that those oil giants will use those profits to help mitig

even david much wanted stock on exxon and the follow-up of exxon doing better, and exxon is going down. what does it say? it's a financial asset. and financial assets are going down. your house is going down. crypto is going down. bonds are going down. what's going on? the cost of everything. that is really a great situation. >> you know, there is possibility the minerals are going to go down. >> is that why some of these charts that are analogs to the 70s are making the rounds? >> the people really think -- they didn't live through the jimmy carter. read the crisis of confidence speech. that was a tough year. >> it was. >> he was saying we had no belief in ourselves. i think a lot of people don't believe in themselves. >> each administration will be blamed for the economy over which it resides, whether there's a lot of responsibility or no. but the one thing you can do is provide confidence. that is free. >> confidence is free. >> i'm not sure that a lot of it is being imparted right now. >> you have a lot of guys like jeff bezos slamming the present. and you say to yourself, one guy

. >>> and crude is getting a boost today as exxon and chevron report continued strong demand for fuel helped produce record profits that are well above what wall street had been expecting chevron shares are up more than 8% exxon is up almost 4%. deirdre? prices are coming down at the pump, but they're still high i guess we're all still driving. >> even higher here in california thank you. >>> we're going to turn back to amazon the stock's still rallying now up nearly 11%. our next guest is getting more bullish, up ping -- its price target up to $180. joining us is ubs analyst lloyd wamsley. it was a good quarter. everyone seems to agree on that. however, once again, wall street doesn't care about amazon's profitability. two straight quarters of a loss and this quarter at the low end, operating income could be zero dollars. is that risky? if markets turn again, they value value more, could that be a leg down for amazon in the back half of the year? >> i think the trajectory here on amazon is definitely higher in terms of margins and profitability. they've been going through a really to

from exxon mobil, not so. we'll keep you posted after this.vidual priorities. some like strategic diversification. some like a little comfort, to balance out the risk. others want immediate gratification... and long-term gratification,too. they have their own interests, but at the end of the day there's nothing like being... a gold-owner. visit invest.gold to see why gold is everyone's asset. oh, hey. buying a car from vroom is so easy, all you need is a phone and a finger. just go to vroom.com, scroll through thousands of cars. then, tap to buy. that's it. no sales speak. no wasted time. just, straight up great cars. right from your phone to your driveway. go to vroom.com and pick your favorite. wooo. oh yeah, she digs it. buy your car on vroom.com vroom. get in. we have to be able to repair the enamel on a daily basis. with pronamel repair toothpaste, we can help actively repair enamel in its weakened state. it's innovative. my go to toothpaste is going to be pronamel repair. >> neil: you're looking at a list of companies that have slowed th

so are companies like exxon fuelling inflation at the expense of consumers?ringe benefit tor them because the prices are so high and they're making more money? >> well, at this moment, at this point in time, they're riding the high that russia created by invading ukraine and bringing oil off the global economy. and on the other side of it, they had to suffer enormous losses when oil prices went negative in march and april of 2020. people forget that we had to pay buyers to actually hold oil because nobody wanted it. this is going to be one of the big issues, the energy transition. these companies are making money now but they also see the future and the future is renewables and not fossil fuels. and that in and of itself is costly. but the counter factual is without dealing with these extreme climate events, those are hitting our food supply and causing more supply train disruptions and adding to inflation pressures so it is hard to escape many of the problems that we're facing without a coordinated effort to deal with these issues. >> goodness. diane swamp,

exxon made $17.8 billion, coming after record-breaking gas prices, nationwide. there is finally some good news, some relief. gas prices are dropping for another consecutive week, statewide. the average cost per gallon dropped to $5.63, a $.15 drop from last week. parts of the bay area are slightly under that. the san francisco saw a $.10 drop in the past seven days. >> it's a relief, for sure, to see it at five dollars instead of six dollars. my car takes premium, so it was getting expensive. >> one note. the latest report shows a drop off around $40 million in the second quarter. in their latest report, the power company said they fell well short of their expected target but still plan on hitting their end of your revenue goal, despite having to bury more power lines underground and continue paying settlements for victims whose family suffered fires. >>> time for your first alert forecast. folks are looking forward to the weekend. >> it's still the weekend. we will give you a few of you of the sunshine in a few moments. >> is the sun out there? >> you will see

and we got earnings from chevron and exxon. they beat expectations. procter & gamble reporting mixed results. twitter is raising the price of its subscription service from $2.99 to $4.99 a month and takes effect immediately for new users and on october 1st for those who already subscribe. twitter blue offers users early and exclusive access to new features including undue sand so you can edit or cancel a tweet within a certain timeframe. customized icons and navigation bar. add free articles. and the ability to change your profile picture to an nft, if you have bought those. instagram is rolling back a test version of the app after many people including kylie jenner and kim carter justi slammed the company from mimicking tiktok. instagram's chief said they would temporarily pull the new version which pushes more videos recommended by the algorithm to user fees but a lot of it comes from people or accounts that they don't follow. he said photos are still important but instagram is shifting to more video because more people are increasingly sharing and

reporter: markets meanwhile rose for the week, the dow up nearly 1,000 points, buoyed today by oil giants exxon and chevron reporting record second quart er profits, thanks in part to higher gas prices. consumers now finding relief from falling gas prices and job security nationwide the unemployment rate sits at near 50-year lows in marion county, iowa, it's practically nonexistent. do you feel like you're at risk of being out of work if we move into a recession? >> at the moment, no, just because there's such a high demand and we've already got so many orders already in >> reporter: americans navigating a dizzying economy. the demand for labor high but prices even higher emily ikeda, nbc news. >>> a tragic story in georgia where officials are investigating the death of a woman in custody after she fell out of the back of a moving police car tonight her family is demanding answers. here's blayne alexander. >> reporter: when briana grier came to her parents' hous earlier this month they knew she was having a mental health emergency, so they called 911 and deputies arrived from the hancock county

find for wedding justice in the fact that now it's going to come by roger packs who has gone into exxon. jumping on a military jets to singapore. parliament would choose the country's next president . no one really knows where this story is going, but it is difficult to see sri lanka. second, for the kind of time news coverage. they've lived for the last 15 and the news organizations having been reminded by those on social media of what real journalism looks like. nobody realized that finally there was a really mean of the city spending tree long. and that translates to the reporting as well on the ground that the critics say, what has started, he's not going to stop now. could be just to start over many new ways of speaking, sense expressing what is happening and effective tooling. holding the leadership accountability. what was extraordinary about what happened was back. it was not something that the government could get away with the act of the acts of journalism. provide a template and a model for how the country may move forward in holding. what comes next accountable for what they

so, exxon has been expanding refineries here to better process light, sweet crude coming from shale andtexas. and they have had all kinds of issues and there is just tremendous regulatory and tax burden. the status of the forward curve, there are a lot of misconceptions around it. being $100 right now and $70 two years from now is an indication of a very tight oil market. it incentivizes oil to get pulled out of storage right now, and historically when it has been in that sort of circumstance, oil prices have gone up over time, not down. so when you look at the incentives, there is an incentive to invest in upstream as well as refining. and what we're seeing is there is a very tight market in the service capacity to do these expansions. specifically for refining in the u.s. there are huge regulations and taxes. host: given we are talking about this green transition and president biden has said he wants to focus on renewables, i see a number of the refineries that have gone off-line are switching further towards biofuels. do you see that trend continuing, or will there be some kind of a

the self propelled unit with exxon blower efficiency saves time and money site won't get. there was so much production that silos overflowed. starting in the 19 sixty's funding came from the newly founded european economic community. it brought products from farmers at fixed prices. it was a time of butter, mountains and milk lakes. in the 1990s, the european union changed the subsidies. now farmers received direct payments. the more land, the more money lodge farms with the winners of the new agricultural policy, the yield of wheat po. hector also continued to rise, reaching $7.00 tons in the year, 2000. then more space in nature and more sustainable production became the new catchphrases. many farmers switched to organic farming. yet the bulk of agricultural products still come from industrial farms. and those rising wields per hector in 2018 germany suffered from drought and they fell sharply. livestock farming has also undergone massive changes. pick cows, for example, in the past they provided both milk and meat. now they're specially bred beef cattle, have more muscl

but i can tell you chevron and its doppelgdnger exxon are going to have better numbers for many years because of the short supply of oil and gas. png, the dollar is insanely strong. the strong dollar is difficult but it competes and i think is the bottom line of a complicated game plan. far too many earnings are words. >> how you doing? >> right back at you, what's going on? >> i've been calling so much, i've been calling about -- >> tyler felt like a very nice person. walmart is going to crush everything. i like to buy the good, not the bad. >> my question is on kss with the franchise group now off the table at $60. thank you for the good advice i'm not buying. a dividend, is this a goodbye? >> if it opens down below 24 tomorrow, then yes, i could see buying little. i think you might be okay. but 24, that's it. it's a brutal week with far too many earnings reports. this is the most important one, falling in recent weeks because of concerns of amazon. i'm going straight to the source to see if we can put these worries to rest after falling about 50%. is it time to take a second look?

mcdonald's, boeing, pfizer, exxon, mobil and more set to report.ech names are on your radar? julie? >> i'm interested in detroit travel and leisure segment. i am curious to see what they're talking about in terms of business travel. we know it has been a fantastic vacation season. i am curious because business travel really is the driver of a lot of profitability for airlines and certainly for hotels. you need to fill those rooms monday to thursday in the dead of march. i am curious to see what that looks like going forward, if we are ever going to get back to where we were or if margins for that are permanently impaired. >> dk, how about you? >> for me, it is really housing and whirlpools reporting next week. the fed has consistently said housing prices are too high. i don't want to fight the fed as i happen to think the beatings will continue until housing cracks and we haven't seen that yet. i went to see whirlpool, people are starting to pull back. folks like steve making elderberry sorbet and has built an ice cream maker. that is what i don't

the not if you will say that jim sal where the chick develops wood on out cooking and vicki and exxon, one of them is nutrient rich animal laced filter, layer guns, gun, see the national for that 103. they have everything a chick needs to grow up healthy and what's good for chicks is highly nutritious for all of us. chicken eggs contain particularly valuable protein that our bodies can easily transform into its own. along with minerals, vitamins trace elements and unsaturated fatty acids. but what about collateral? the latest research says healthy people don't have to worry but nature didn't come up with eggs as food. they're actually highly sophisticated incubators. and their very tough little chicks have to put a lot of effort into picking their way out. so we're not that done until x are a real mouthful of nature, but i'm dish is on the shelves are critical to protecting the changing on deanna. after all of the hens sits on the egg and rotates it several times a day. i mean, i was, it has to withstand a great deal for don, i'm and, and it's so tough for them to put the checks even

the self propelled unit with exxon blower efficiency sage time and money site won't get there was so much production that follows overflowed. starting in the 19 sixty's funding came from the newly founded european economic community, it brought products from farmers at fixed prices. it was a time of butter, mountains and milk lakes. in the 1990s, the european union changed the subsidies. now farmers received direct payments. the moorland, the more money, large farms with the winners of the new agricultural policy, the yield of wheat po. hector also continued to rise, reaching $7.00 tons in the year, 2000. then more space in nature and more sustainable production became the new catch phrases. many farmers switched to organic farming. yet the bulk of agricultural products still come from industrial fans. and those rising wields per hector in 2018 germany suffered from drought and they fell sharply. livestock farming has also undergone massive changes. pick cows, for example, in the past they provided both milk and meat. now they're specially bred beef cattle, have more muscle, dairy co

these flowers are in remembrance to exxon about lena. the independent russian journalist was killed during shelling by russian forces while reporting from cave in his room with hooton's regime is not only killing ukrainians. they're also killing russians in ukraine, that thou, as many of them are in cave and other ukrainian cities. but that's for market they're trying to help a better because they now see the country as their home. that them, if i am gorman, the war has also made life more dangerous. for many russians in russia, around 40000 of them fled to georgia in the 1st weeks of the war. their 1st port of call is often the free russia foundation. igor, corrupt evan. his staff helped the newer bibles to find their feet in georgia. the 1st thing igor has to explain to his compatriots is why they are not always welcomed with open arms in georgia. in that of the ships will go flu shipped by tens of thousands of russians have already arrived with them. put some people here are afraid that potent could invade to rescue them. now that was