. >>> two oil companies raising their dividends, exxon mobil increasing to 69 cents a share, the movecontinues a 32-year record of upping the annual payout to shareholders. chevron's board raising the dividend by 7% to a buck seven a share and that, too, will be payable in june. exxon mobil up to 141, chevron fell just a bit. >>> wellpoint's first quarter profits drop 1% because of an increase in membership. why do profits drop? because there were higher administrative costs tied to the customer growth. but earnings beat estimates and the insurer raised the outlook for the year, sending shares up 5 and a half percent to $100.6. >>> and shares of weight watchers surge, trumping wall street estimates on both the top and bottom line. its guidance was also better than expected. shares jumped initially after the close up nearly 20%, by contrast, shares fell three and a half percent to $19.80 during the regular session. >>> it was the opposite story for jds, after the market closed the fiber optics component maker closed below estimates, the company lowered the estimates for the current qua

i like exxon mobile. i think bp is. see all three of these, not just breaking out and hitting new highs but exploding through those highs. when you look at where bp is trading as far as a pe, this is a stock with plenty of room to the upside. as people chase yields, i don't really look at the tenure as much as everybody else. obviously warren buffett talked about that today. it's not something he looks at every single day. people look at-year-ol yields. i think there's enough edge in there right now. >> time for pops and drops. down 4%, karen, game stop. >> i don't know. >> drop for pfizer, down 3%. >> big revenue. descent size revenue but the stocks should have been down an lot more and it wasn't. people still want to own pfizer. nice dividend. this is the one to buy. >> chipotle up 2%. pete. >> you can understand why. the stock has backed off 19% after this huge run that it had. one of those momo stocks. when you look at the cash flow and expansion possibilities, i think this name goes higher. >> a pop for sales force

but it's easier to make the case for mo-mo guys to say i'm buying growth here versus buying an exxon mobile. >> where are you? >> i'm long twitter and long amazon. >> are you back in tesla? >> no. the way it popped off the 175 level, it doesn't give you a lot of chances to buy it again. >> i always come to the same issue, valuation of all the stocks. they're lower which is very, very different than being cheap. they're nowhere near attractively priced. not even close, just lower though. >> i think karen and beaks would say you can see these stocks move 6%, 7%, 8%. over the next couple days. if you're trading these things i think for the short term the remainder of this week i think there's room to the up side. i wouldn't fade netflix or linked or or twitterer. >> the level your looking at, 29.5. if it breaks that level, get out of it. no one says it can't go lower. once you start to stabilize as guy said. i don't believe the market is a buy overall. 1890 was the closing high and 1897 was the mid high. >> we have the old technology names. you have been in some of them, brian. >> yeah. >> tha

exxon mobil is facing a $2.6 million fine for the spill and has spent $70 million to clean it up. three houses were so badly damaged exxon not them down. most sat empty. even after an accident, this could be a long shot. if you look at the polls, two thirds of americans do support the keystone pipeline, and that number hasn't budged. it seems you are a minority. >> i think this is a topic in which people don't understand what it is, and it is always presented as we do this or we do nothing. that's absolutely not true. we are not going to run the society without energy. it's just how you think about it. >> he says the biggest issue is how oil is recovered from the canadian countryside. 20% of the oil is mixed in sandy soil lying just beneath the surface. it is spun in centrifuges to separate the oil from the dirt. 80% is trapped hundreds of feet below solid rock. steam is injected to loosen the oil. it must then be mixed with chemicals to make it flow to the pipeline. this requires 70% more to extract than traditional oil. >> this is a gigantic mining operation in the middle of nowh

exxon mobile is when value becomes expensive. i don't want to call it a value trap but people pushed into this name. the whole rotation. get into value stocks. at this point, this one is frothy. you never say exxon mobile, frothy but at this point it's overextend overextended. once the market goes back to normalcy. >> 2.7% dividend yield, guy. chicken little. >> so listen, it's up from 87.5. there's been a lot of talk around this name. oil has been doing well. this doesn't trade necessarily with oil all the time. i don't think there's anything wrong with taking a bit of profit. would i short exxon, probably not. i think that's a step too far. at 102, why not? >> karen. >> sadly looking at uri. this is a name that it's work. it's run up a lot. a lot of what the thesis was predicated on has happened in the stock, if not has happened in the world. part of that was on commercial construction improvening. it's improving a limit. hasn't improved dramatically yet. ahead of where people originally thought. all has been reflected in this

state owned oil industry the war in iraq was the best thing that ever happened for exxon mobil and chevron the biggest us oil producers it took ten percent of the world's oil supply off the market that's what the sanctions are about that's the sanctions in iran are about syria is not a major oil producer but it is a potential route for iranian oil to reach the mediterranean basically war in the middle east whether it's the destruction of iraq or the bombing of libya the sanctions on iran have served to keep prices high and restrict the direction that it is giving the u.s. a big it's a myth that u.s. so-called energy self-sufficiency will lead to less u.s. overseas military involvement in fact lead to more. there's another when a full american energy foreign fortune's guess who has just landed a top job in ukraine none other than the son of vice president joe biden who has joined the board of the guests for him they just weeks after his father professed an emotional bond with the authorities in kiev we've got the details just ahead. israel's accused of being underhand with an old friend aft

state owned oil industry the war in iraq was the best thing that ever happened for exxon mobil and chevron the biggest us oil producers it took a like ten percent of the world's oil supply off the market that's why the sanctions or the rest of the sanctions on iran are about syria is not a major oil producer but it is a close friend. for iranian oil to reach the mediterranean basically war in the middle east whether it's the destruction of iraq or the bombing of libya the sanctions on iran have served to keep prices high and restrict the doctors which is what was given to us if they did isn't it that us so-called energy self-sufficiency will lead to less us overseas military involved the fact that we need to more. now there is another winner for american energy is foreign fortunes gas has just landed adopt a top job in ukraine now they're on the son of vice president joe biden has joined the board of a gas firm there just weeks after his father professed an emotional bond with the authorities in kiev we got the details after a short break. choose your language. of choice make it with zero

state owned oil industry the war in iraq was the best thing that ever happened for exxon mobil and chevron the biggest u.s. oil producers it took ten percent of the world's oil supply off the market for the sanctions or that's of the sanctions on iran are about syria's not a major oil producer but it is a potential route for iranian oil to reach the mediterranean basically war in the middle east whether it's the destruction of iraq or the. bombing of libya the sanctions on iran have served to keep prices high and restrict the doctor which is giving us a date this is a near that u.s. so-called energy self-sufficiency will lead to less u.s. overseas military involved the fact that the more. there's another when full american energy is foreign forces guess who has just landed a top job in the plane let's none other than the son of vice president joe biden has joined the board other guests for and they've just weeks off to his father professor and emotional bond with the authorities in kiev we've got the details after a break. well the language of what i will only react to situations i have re

look as exxon mobil, look at the way some of these major -- mcdonald's another great example, so we're seeing that move to the up side. i still like the big caps, but i think you have to be very, very selective within both sides. >> santelli, your take on the markets? >> i actually agree, once we get to the top of this range, all of a sudden we find all kinds of reasons and excuses, especially on a friday why we might not want to buy it. i feel it's reflective of this digestion phase we've been in, we're kind of churning through these levels. if you drew a point to right now, this kind of jobs number is precisely what you expected for four months. it's not so much been so much better than expected on a point to point basis, so that's i do think it's quite telling that the bond market refuses really to sell off, because it's not something that says runaway acceleration in the economy, and valuations are exactly compelling yet. >> i thought the bond market action was fascinating. especially when you take into consideration the tlt was going higher, doc, and then it continues to march hig

the short exxon mobil. i don't get that. what we talked about before. >> is that about natural gas prices? >> no the street just doesn't believe in the story in energy. secondarily, there's no tech names on this also. again, i think that gives validity to what we've been talking about where you kind of want to avoid the names. lastly on a comical note, it's un-american to short disney. how can you short disney? >> well, especially after their last quarter, right? obviously these are lagging indicators. maybe people got out ahead of earnings. who knows? but that was a bad place to be a week or two ago. >> steph? >> yeah, i think that the list is not pretty surprising. i guess google maybe being one of the top ideas is. we've heard gm, citigroup, a lot of these names already from all the people that come on the show. google is probably the one that surprised me a little bit. >> i wonder if there's any sort of rotation under way out of citi based on although the issues lately. are people starting to favor wells fargo. >> certai

profits at exxon mobil declined due to declining costs for refining and a drop in reduction, differentry at conoco-philips, a boost in production even at operations in libya, shares were higher by a percentage point today. >>> and telecom giant at&t approaching directtv about combining forces in a deal that could really shake up how you watch television, shares of at&t were up a fraction lower, but directtv shares shot up 4%. morgan brennan has more now on the proposed deal and how it could change the entire pay tv landscap landscape. >> reporter: well, neither at&t or directtv is commenting on the possible merger, such a deal could alter the pay tv landscape, if the $400 billion purchase wins regulatory approval. it is on the edge of major changes and this deal would only help to accelerate the transform ags. >> i think you're seeing every different product segment, which will probably force a lot of these companies, the incumbents to consolidate. >> directtv is the second largest paid tv operator in the united states, second only to comcast. together they would claim nearly 27 millio

and the numbers are still coming in, among the companies buying back their own stock, exxon mobile buying back in the first quarter. and ibm bought back $8 million. then there is apple. it set a record for the most stock ever purchased by a company in a single quarter by spending nearly $18 billion on its own shares. many investors look at buybacks as a bullish signal. >> when companies announce buybacks a lot of people say it is an important thing to consider. it is not an important indicator but a good indicator that management believes their stock values are so attractive that it is better than anything else they can do with that portion of their cash which includes investing in plant and equipment and also buying other companies. >> some take a more cynical review, they say it simply passes a company outstanding in the market and that lets them show growth per earnings per share. but not everybody thinks that share buybacks play a role in the market. >> i think overall they played a role. they have helped. but i think the main thing driving the market is fundamentals. we're in a modes

net income droped at exxon mobil for the 4th consecutive quarter. exxon produced slightly more oil than last year. but invested late in natural gas production and continues to pay the price. clorox, the maker of bleach -- reported 3% earnings growth --as it raised prices and cut costs. and, cereal sales at kellogs are slipping. and it's an ongoing issue as americans eat more yogurt, eggs and peanut butter. the company's earnings came in above analysts estimates while revenue and the forecast missed the mark. billionaire investor warren buffett could face a tough crowd this weekend...30,000 shareholders will attend berkshire's annual meeting in omaha, nebraska. the ablitiy of the oracle of omaha to beat the stock market may be called in to question. buffett has failed to beat the market in 4 of the past 5 years. it should be noted-- he wisely choose not to invest in internet stocks during the 90's and successfully avoided the dot com bomb! and, last year berkshire's profit rose more than 31% to $19 billion dollars. still to come: a trader takes a lon

going to get data on unemployment claims and consumer and income and spending and earnings from exxon mobil. the dow closing at a record 16,580 as we rang the bell right here at cnbc to mark our 25th anniversary. the nasdaq closing at 4114. up 11 points for the day. meantime, another mega media merger may be in the works. "wall street journal" approached directv about a possible takeover. a deal could be worth $40 billion. that is the directv market cap. it would create a pay tv giant about the same size as comcast, the parent company of nbc universal, if comcast is approved for its acusition and at&t which shed some of its cable customers now serves 5 million. it sold some of its cable business to comcast. these things all go in cycles. >>> facebook introducing new privacy features letting users limit how much of their personal information is seen by third party sites and apps. share only your name and e-mail address. meantime facebook is testing an anonymous log in button. i think this is a real improvement because i always find if i share my information y don't like having to share all m

for data ahead of the opening bell on employment, consumer income spending, and earnings from exxon mobile facebook is introducing new privacy features letting users limit how much of their personal information is seen by third party apps. it can share only your name and e-mail address. facebook is also testing an anonymous log-in button. and couch potatoes rejoice. hulu is launching an interactive ad that's going to let you order from pizza hut from right within the ad. hulu says it could be expanded to other advertisers in the future. but isn't this the best thing? never have to get off your couch. >> i like that idea. thank you, bertha. >>> some stories making news this morning, new concerns over oil tanker trains after one derailed and exploded yesterday along the james river in virginia and also leaked tens of thousands of gallons of oil into that river. now, no one was injured, but one former official called this another national wakeup call over the need for safer oil tanker trains. >>> people in southern california returning to their homes this morning. an enormous fire forced evac

it would be like calling exxon mobile and con independent. are they going to be limited? the so-called independents to serving the domestic market as they have clearly expanded their scope there or are the one ong one offs or do they pretend to something that is larger in the fuchl future that will be a real liberalization of the gas market and one could easily explain ong and the special relationships rather than the systemic change over the horizon. if you were to become more response to the changing global market it seems some changes would be necessary. and unbundling would allow better access to pipeline capacity by more producers than just a privileged few. you think about the associated gas that is flairred all over russia given supply isn't the issue. on ukraine it seems to me not only is ukraine currently relied upon for these half of gas problems exports to europe there is also a question of whether the availability of transit through ukraine allows gas prom to compete in a way that the expensive projects do not afford because they are expensive projects that ne

and i think what they are saying is that we can count out exxon mobil, talking about billion dollar energypanies. and if the united states interest. >> you know, i am all for private enterprise and government not interfering. we want you are not a blind worshiper like jonathan hoenig. [applause] >> i don't want the government interfering, i think there's a line that can't be crossed. but this i am okay with it. >> free market is at the heart of what capitalism stands for, we shouldn't be preaching economic imperialism. if it's legal, then mue if it's legal, then mueller power to them. get the government out of their way. neil: so if we want sanctions that hurt russia and these come back and say that they better not hurt us, then they are not where to get it tough sanctions because these u.s. companies won't go. >> the right to life includes the right to trade. u.s. bennies with individuals want to do business unless we are at war with russia or a military threat in the country and they have every ght to. of course they take a very big risk in dealing with countries that don't respect capit

technology, new technology lets computer sensors at the end of the drill bit. 2005 chairman of exxon mobil said natural gas production has peaked in north america today 41 percent higher than and 2005 and now producing so much we're looking at exporting it. john: in 1914 the u.s. bureau said oil supplies would be depleted within 10 years. >> true. we still have oil in 20 years. john: department of their interiors as 13 in 1946 may be 20 years left says a state department. department of interior again 1951 they like that 13 year number. >> of course. and january this year 2014 the u.s. exported an average of 4 million barrels of oil per day in the form of gasoline refined products the more we find the more refined. john: we will run out of other stuff may be food. >> and economist at the university of calgary looked at prices of industrial commodities more than 100 years and found the overwhelming majority fell. john: if it falls in price that means there is more. >> the combination of price and innovation is a remarkably powerful combination. the effort is happening all around us. john: wh

let's look back at history. 2005, the chairman of exxon mobil said mass production has peaked in north america. mass production is 41% higher than 2005 and the u.s. is producing so much natural gas we're looking at exporting natural gas. john: on page 180 of the book, the 1914, u.s. bureau of mines said oil supplies would be depleted within ten years. >> sure. >> so in 20 years we have oil. department of interior says they'll be gone in 13 years, in 1946, maybe we have 20 years left says the state department. the department of interior again in 1951, depleted, they like the 13 year number. >> of course. and yet what's happened, january of this year, 2014, the u.s. exported, exported an average of 4 million barrels of oil a day. almost all of it in the form of gasoline and refined products. john: you are cherry picking oil and gas, we're going to run out of other stuff, maybe food. >> john boies, an economist at the university of calgary looked as prices of industrial commodities over more than 100 years and found that the overwhelming majority they fell in price. john: if it falls in p

exxon mobil. i'm curious about the directv/at&t negotiations./at&t always talk with each other. i've got to tell you, this is david faber's story. when i read through i kind of say, i don't believe. we're not talking price. why would they want directv? it has all this latin american business. at&t said we're not going to go international. it created a whole new world. i think it makes sense that everybody has to talk to get bigger. >> right. >> i think a lot of this, by the way, has to do with the regulators. we just reported earlier that the conversation is actually in large part because of time warner cable and comcast. if you put both deals on the table at the same time you have a better chance. >> look, the field is very, very competitive. and i think that is what matters. tmobile/sprint. that's another one. t-mobile has some pretty amazing numbers today. the telco business and the drug business are two sectors that have the fever. they have the fever to slightly this morning. i thought they might be up a little more given the beat they had.

in march of 2013, 12,000 barrels spilled from an exxon mobile pipeline in arkansas. ere are numerous reports of exxon fighting residents lawsuits and cutting off compensation to victims. some oil companies lack regard for worker's safety, you know, the guys on the job. we know the oil business is booming in the northern tooer. the oil fields of north dakota. there's a new study out finding workers in north dakota are being killed at five times the national rate. from 2007 to 2012, deaths rose from 25 to 65. meanwhile, death benefits by the state are simply offensive. there is a one-time death benefit of $1200, plus $400 for each child. funeral expenses are covered up to $6500, after that, orphans get, believe it or not, a maximum benefit of $15 a week. oil companies in north dakota, well, they need to keep workers safe. americans need to wake up and realize oil companies don't care about average americans or these kinds of things. it's the pr mop up. look at all the leaks around the country. this is why president obama needs to take a critical look at the keystone xl

you can't fight exxon mobil. that is a big problem today. thatople realize that constitution starts with we the people, not we the corporation, it is never mentioned, the corporation. if they only realized the power that they have, that is what this book is all about. one areaalliance of after another. things are could've stopped in the things he could've started. they wouldn't recognize our country in a lot of the world. >> are people so mad at you in the democratic party? >> yeah, they have a residual. there were dozens of -- if they did steal it in florida, it would've one. if you got clinton's arkansas, he would've one. he hasn't blamed the green party. the tea party.me because, they feel a little guilty that they could be a bumbling governor from texas who had an awful record, that was not paraded around the country by the democratic party during the campaign. >> why did you keep running the last time? .> i ran three times officially to fightost impossible the two parties, squeezing your debates. a more georgia people wanted me on the p

out of the high crout names and google and into exxon mobile and this stock gets 25 and could pop inartbeat. i think it's bottomed at $21 and i think it can go north of 30. >> are we talking different time frames. sounds like you're wanting to trade for a mop. when we upgraded this last year and downgraded at 34. >> a little pat on the back. >> we think it's another leg down. can someone buy pandora? >> sure. >> you can't get 75 million users for that price and someone like apple and microsoft and google can do it over ten years. >> there's 75 million users built into it. >> when we're talking about radio, what's the opportunity of radio? the opportunity of radio is to go into cars and to cars it's going to take ten years at the current rate of replacing the cars, and, you know, roughly 20% of pandora cars. >> let me ask you real quick. they say there's 450 different attributes and can help match and cater to what you really like. are you saying that nobody -- are you saying for somebody else to do that. they can do it for more money and why you're not worried about the technological

according to the head of exxon mobil, an impeccable source, $.75 of that is going to wall street foregulation adopted neck, the clinton commodities future regulation act. it used to be the people that ran trucking companies used especially in the price of oil to hedge bets for their company, and we had to open it up with wall street and they jumped in with all six feet. there is massive speculation, and the head of exxon mobil testified two years ago and said do not blame me, blame wall street, they are taking $.75 a gallon off the top for nothing, just for speculating. supposedly,. frank was supposed to bring that in, but those have not been implemented. host: of you are on twitter says where do highways rank versus other industrial nations? pathetic.are i once gave a speech and world.d it as third we get a d here we used to be an a plus. one of my colleagues said it was insulting, and i said we have over 400,000 bridges that need replacement. he said no, it was insulting to third world countries because they are investing in large percentage of their gdp. it is true. zimbabwe -- re

insight from former medtronics ceo bill george who serves as director at exxon mobil, also a professort harvard and bob herbold joins us, running a consultancy and serves on the board of directors at agilent technologies. what a team. glad to have you both. bill, i want to start with you. let's start with sam suns. that's such an interesting company. there's talk of patent infringement, all sorts of issues. people are wondering whether they have the right secession plan in place. >> this is basically a family-owned company. chairman lee took over from his father, now he's getting ready to pass the reins over to his son jay widely. i think it's a logical transition. he's well trained. he's been in the job 27 years, but samsung has done an amazing job and you have to say that chairman lee is the big gates of korea. they've done a fantastic job competing with apple. they're the only ones that have. so i think you have to give them a lot of credit. i feel badly about his heart attack. maybe he should have transitioned a few years ago, but i think it is time. >> bob, would you agree with mo

long-term projects in russia with international oil majors like bp, shell, france's totale and exxon-mobilt how far put in is the x-factor. the assumption is that the europeans will not go along with sanctions against those two companies because they need the supply. so this is a very, very sticky situation here. right now it appears that putin has the advantage. back to you. >> he's got the supply, so yes, that does give him the advantage right now. thank you. >>> what are the consequences if president putin goes after oil companies in his own country? >> joining us, two top oil executives. former president of shell oil, now founder and ceo of citizens for affordable energy. chris faulkner is president and ceo of brightling oil. gentlemen, thanks for being here. john, for being president of shell and working with oil companies in russia, walk us through the actual threat level here and what we here in the u.s. should be watching for. >> well, i think president putin's real power is in the threat, not in the carrying through of that threat. what i mean by that is, he has spent the last 12

market recap, as we heard from the president and chancellor merkel, the dow is down, interestingly exxon mobil in the energy sector new 52-week high today. that does it for us here. have a great weekend. "power lunch" begins right now. >>> those are very nice chapeau over there. that is as big a number as we've seen in years, better there are some questions for the market and for the nation. the participation rate fell. we'll break apart the good and bad from this employment report. >>> a violent corner is turned in ukraine. the ukrainian army surrounding a russian-controlled town before attacking. these are the images pro-russians fighting back with anti-aircraft weapons downing at least one helicopter. there are cabots today on both sides. >>> plus a new report from financial advisers. >>> hi, ty. we start this hour with jobs in the usa. the market we actually may be muted for a couple reasons. low participation, and the new violence in ukraine and the real threat of war. the s&p 500 is still positive. nasdaq is positive by about a tenth of a percent, and the russell 2000 is positive as well

exxon mobil had a big move although i think we're in nose bleeds for alm. it's real. >> the drillers are probably, even though they have atrotious charts. >> the only things that look really impressive are lmg or the large integrated names. the large integrated names have been the beneficiary of the rotation. i don't think it last. you saw where they went. they went into amazons and twitter and a lot of these different names. >> let's get back to berkshire hathaway. courtney has the details at headquaters. >> this is the berkshire hathaway shares, earnings falling below estimates at $2,149 versus 2,172. revenue coming in at $45.45 billion. the book value increasing by 2.6% to more than $138,000 per share. those are the details that we have right now. we know we'll get so much more this weekend and as we start to get more we'll bring it back to you guys. >> thank you courtney reagan. can we regard berkshire hathaway as a barometer of what's going on? >> they're all over the place. they're in housing which warren buffet this morning talked about how it's okay