today was the busiest day with reports from exxon-mobil and visa and 3m and dozens more. let's rundown pt closing numbers from wall street. the dow rose will 110 points and nasdaq surged 71, a gain of 2%, thanks to a 14% jump in facebook shares and s&p was up 20 points. >> good earnings across the board but a different story for amazon after the closing bell shares of the world's biggest online shopping site plunging initially after a big profit miss. in the fourth quarter which included the holiday shopping period, the company pulled down 51 cents a share, far short of 66 cents. revenue disappointed too, just missing forecasts as you see there. add to that a weaker outlook for the current quarter and shares came under pressure right after the report. sheila joins us now from the nasdaq exchange with more on those amazon numbers. what do you see? what's the biggest takeaway. >> bottom line, if you are priced to perfection as they have been, you have to deliver results. if you don't, investors have no problem punishing you up. the results are raising questions about the re

. >> chevron is functionally the same company as exxon mobile.it barely is. let's think about it this way, still trades at 10.5 times earnings, 3.2% yield and 1.5 times book value so my main comment with chevron if you are exxon mobile this is a better play, this is one third cheaper than exxon mobile. what i like and hope you will put up is bp. cheryl: if you insist, whatever you want. it is your day today. there we go, put the two together. >> this is in the rearview mirror by three years, bp is as big as well regarded a company as royal dutch shell as exxon mobile or chevron texaco and trades at book value. you never get that. don't buy it at book value. i can't make it any clearer. cheryl: i want to say you like basic materials, dumont mining down 50%. give this to our viewers, a lot of this is based on gold prices in 2013 which was rough and use a this is a jeep name as well as -- thank you. >> you promised to bring me back any you to revisit them. cheryl: because you will be right. all right. dennis: blinking at a blizzard. the first snowst

and they'll always say, "well, exxon mobil or chevron or b.p." but i'll say, "no, morgan stanley." [ticking] >> this is shaybah, a desert wilderness where temperatures can reach 135 degrees. beneath these sand dunes lie 18 billion barrels of oil, more than four times the proven reserves of alaska. and it's costing billions and billions to tap into it. with all the talk about kicking our addiction to foreign oil, the kingdom of saudi arabia is doing everything it can to keep the oil age going. let me be blunt: is it your hope to prevent a switch away from oil? somebody said the country is the oil business. i mean, you absolutely need to do this for your own survival. >> and what's wrong with that? [ticking] >> when the u.s. oil companies came here in the '40s and '50s, the americans moved into the area with their families and developed it to suit their tastes and their way of life. they created a replica of american suburbia. today you could be in the outskirts of houston or los angeles. it's almost like it's an enclave within saudi arabia. it's--different from the rest of the count

at the same time, exxon mobil are expected to report fourth quarter results before the bell.oining us for more, oswalt clint. thanks for coming in. it was a bit of a shock profit warning from shell a few yeex ago. it seems to be this morning a reaction to we're not going to drill any more in alaska. what do investors want to say? they're going to say stop spending money to give you a return. >> and it's very encouraging. the last five or six years, you've seen this group of companies and what we would call trough evaluation multiples. what's driven is that propensity to keep spending. 10% more every year. it just keeps climbing up. >> it's in a bid to find oil and gas, right? >> you keep spending. there's not too much being fined and delivered in production. investors have given up and when you see encouraging steps like this morning about reduced spans, it's amplified. >> are these going to get smaller? protection -- you know, are the production levels just going to drop? >> i think that's not the key -- the aim is to back to the metric we used to look at in 2001, '2, '3with

exxon mobil, moved from neutral to a buy. citi upping its price target from 108 to 99.ll go clowngrade. >> oh. >> you know why? you're going to downgrade it, don't raise your price target. this was a very thoughtful call. on the back of it, they raised the price target from conoco phillips. and i like what this gentleman did. i just wish he lowered his price target, as well. >> so, exxon was a clowngrade. >> that's sort of mean. >> come on. where was that stock before? >> excellent point. >> let's look at energy here. crude oil, on an eight-month low. exxon mobil ceo rex tillerson making comments on cnbc about the u.s. and self-sufficiency. take a listen. >> our crude oil production surpassed levels not seen since the 1980s. and it's expected we'll continue to add to crude oil production capacity over the next two or three years. i think it is realistic that the u.s. could be energy self-sufficient, energy-security by the end of this decade. >> what do you think? >> here's the problem you have with that. that assumption assumes that the wells, the shale wells, and eagle

also dow companies, at & t, exxon, mobile, chevron. caterpillar. monday home sales figures out. president obama delivers his state of the union address. alls tuesday, the federal reserve will kick off the two day meeting. markets will be watching to see if the fed will further taper the bond buying program. on thursday, the bureau of economic analysis will release preliminary estimate for fourth quarter and gdp for 2013. finally as american manufacturing rebound and profits grow, a trend is taking hold in plants across the country. robots working side by side with humans. the latest wave of robots are smarter, less expensive and allow manufacturers to expand and hire more people. we have more. >> meet baxter, a small easily programmable robot working side by side with the men and women at vanguard plastic in connecticut. >> at the beginning i was kind of nervous. the first time working with a robot. but i like it. >> i love working with baxter. he is tamazing. >> vanguard paid $24,000 for baxter. steal of a deal. according to the vanguard ceo who says baxter makes the company mo

solyndra would be booming today and exxon mobil would be going out of business.ately we have to ask, do we believe the free markets or al gore? and market signals say that this is a big economy sapping waste of time. >> time to put this waste of time and money on ice. >> well, you know, we -- you know what's terrible, we've spent a lot of money, right? what was it you were sayi at the break, $9 billion? >> $26 billion in the stimulus alone on climate issues. >> and $7.5 billion on foreign climate change issues. >> there's a lot of pollution in the world. that is terrible. china consumes more coal than all the other countries combined. i think if utilities are continuing to do methane and carbon capture that's a great thing. stop pollution in the world. >> sabrina, go ahead. >> i don't think the american people think this is a serious issue anymore. the pew research center finds people always think of global warming or climate change is the bottom of their priorities. this year it was the bottom of 21 different policy priorities. this has become a political issue

exxon mobile-- the largest producer in the u.s. posted a profit of $8.35 billion last quarter. that was a 27% drop from last year. the oil giant cites lower oil prices, declining production and start up expenses for oil drilling projects. dutch shell-- the largest energy producer in europe had an earnings drop of 48% to $2.9 billion. shell's earnings could take another knock-- due to a recent decision to move out of alaska. the company confirms it has hit legal hurdles while trying to drill in arctic waters. it will suspend it's venture for alaska in 20-14, and review it's options. last week a court ruled the government illegally opened up the region for drilling. blackstone group had a blockbuster quarter as it churns out initial public offerings and real estate deals. ipos included seaworld and hilton hotels - the largest ipo ever for a hotel company. the hedge fund's revenue climbed 119% to $2.69 billion, up from $1.23 billion last year. the government wants more money from bank of america. the justice department says it will raise a penalty fine, to 2 billion dollars, up fr

country particularly has already been underway for some time by the likes of shell chevron and exxon mobil but b.p. and its partners will now explore the concession in the north east which amounts to thousands of square kilometers some believe there may be a huge reserve of oil there up to one hundred ten billion barrels potentially the largest in the whole of the arctic the decision of greenland's leadership is a complete u. turn from what it said only nine months ago when a moratorium on any further drilling was imposed due to environmental concerns the latest move is understood to be tightly connected with greenland strive for independence from denmark for now it's been relying solely on its faltering fish industry and grants from copenhagen but it's also known to have vast reserves of diamonds gold rare metals as well as having the world's second largest reserves of fresh water but clearly it's the black gold which could make greenland both economically and politically independent and the government is happy to have more international oil giants on board to boost these ambitions howeve

american legislative exchange council war alec a big business lobby funded by special interests like exxon mobil is secretly funding school curriculums to did nine manmade climate change exists to the. usual long washington shanghai flowrate out in fact of all cities in the. gold will be on the water already this century as current rates of climate change the earth will be four degrees holds up before the centuries through leaving the planets completely without ice for the first time in forty million years sea levels will be twenty five meters high as a group culture collapses there will be mass starvation in fact within decades the world's already set for an irreversible tipping point where ice sheet disintegration starts accelerating out of all control the effects of playing today with record floods hurricanes grow has already become a permanent feature of. vaal swathes of africa and the middle east and the american southwest your government knows the world's preeminent climate scientist james hansen is loyal to you through that heath. obama in his speeches regularly talks about his green cred

it is a well-known fact that exxon mobil pays zero in income taxes. answer to the question is least zero and probably minas. -- minus. guest: that is not something we have looked at. sorry. you mentioned earlier about recommendations in the report. department of the interior to periodically evaluating what the fair return is. as i have said, technology changes, the price of energy changes, and they need to consider this and those are important actors in determining the fair return to the public. onshorewant the resources, we want them to essentially catch up with offshore and to engage in rulemaking that would give them the flexibility to change the lease terms so they can be responsive to changes in the industry and technology and other factors that would influence a fair return. host: how often is a something that gao looks at? it has been placed on the high risk list, it is something we look at every gear. are many concerns, including environment faith the, revenue collection, equity collection. as well as encouraging the development of oil and gas

as of june this year including apple, citigroup and exxon mobil. >>> san francisco is finally rollingogle buses and other tech shuttles that have sparked some heated protests recently. under the plan the shuttles can get a city permit now to use 200 specified muni stops, but the coaches must be labeled and they must yield to muni vehicles and they'll have to pay for it. >> the $100,000 figure is i think about the average per company, but some companies are very large. some companies are very small in terms of how many stops they have. >> those permits are expected to bring in about $1.5 million in the next 18 months, but the money can only be used to cover the cost of running the new permit program. it won't go into the city of's general fund. be ans who beli >>> -- city's general fund. >>> after beating the packers in the face of brutal weather conditions, the 49ers took a well deserved day off. >> betty yu spoke to the fans. >> reporter: it really was must see tv. the team earned its coldest playoff victory yesterday and tonight fans are talking about that thrilling win, some even a

country to international investment he's willing the likes of any tell you tell shell as well as exxon mobil throughout the day he wants to be drum up support for the oil industry that has been really suffering in the last two years because as they sanctions which will now be partially lifted thanks that interim deal that has been struck now he's got great expectations for his economy let's listen to the man himself. iran's economy has the potential to be among the world's top ten in the next three decades that's our long term goal which we're planning to achieve through our social economic as well as domestic and foreign policy also to my government is pursuing ideals and economic development and democracy and the improvement of iran's foreign relations and that's impossible without our international engagement now considering a run has one of the biggest if not the biggest oil and gas reserves in the world is a feasible goal for the country the relationships between iran and the west are now warming up thanks the sanctions being partially lifted and investors are keen to get involved as we

the country to international investment he's willing the likes of any to tell shell as well as exxon mobil throughout the day he wants to be drum up support for the oil industry that has been really suffering in the last two years because they sanctions which will now be partially. interim deal that has been struck now he's got great expectations for his economy let's listen to the man himself. the year on the economy has the potential to be among the world's top and in the next three decades old gold which are pursuing wider planning and social economic as well as the mystics in foreign policy my election by the people of iran took place in the framework of a democratic system allowing me to pursue the i view of the economic development of democracy in iran to international relations without international engagement being from if such as growth creativity in the quality of our unattainable. now considering a run has one of the biggest if not the biggest oil and gas reserves in the way that is a feasible goal for the country and one person who's not going to be too enthusiastic about the l

exxon mobile and he was saying to them look we are ready to engage those were his words and we know that he is considering the recession declined five percent last year he's got a seventy five million people population to contend with so i say that that was a pretty big deal this week actually mr rouhani turning up now i want to ask you what were some of the most surprised i mean that was surprising there were some of the other most surprising events to take place during this year's forum. well there's always surprises and i think one of the eyewitness myself was the lead singer of u two up on the stage with david cameron because he's always extremely critical of the british government and their policies and i was really interested to what he had to say because let me just rewind to old memories because back in two thousand and six he described davos quite famously as fact cats in the snow i now today he was actually quite complimentary a more he said because he praised the fact that tax evasion is being dealt with but he also recognized the fact that it is the biggest instigator for wor