of exxon mobil rex tillerson bob dudley the head of britain's b.p. was also present there as well as was the boss of norwegian oil giant star saw many of this said they wanted to keep politics away from business. it hasn't really affected we're doing relationship is developing. according to the contract so we don't believe this kind of problems we want peace the president of the franco-prussian chamber of commerce and industry finds it positive that business is taking matters into its own hands on both sides of the atlantic now it should step in because actually. the political. leaders are talking about economic sanctions so we need to raise our voice and tell them that they should not do it again they should use diplomacy to do so the ukrainian crazies actually what do you have in you and you have a political crises. or political crisis should be absolutely soul of by diplomacy using ticking into. companies whether they are us. french companies this is something which is an acceptable form of course there is more trading with. the u.s. i think fifty

of exxon mobil rex tillerson bob dudley was also there he's the head of british petroleum as was the boss of norwegian oil giant stat or a many who were there also said that they wanted to keep politics away from business but this is really going to work. it's developing. according to the conference we don't believe this kind of problems we want these some in the u.s. business community even fear a temporary sanctions could end up in long lasting damage for their russian exports economic expert from the university of massachusetts richard wolfe says american companies have good reason to be worried. the united states has direct an interest in direct investments in russia it has made plans to get access to russian energy it has made plans to get financial benefits by banking deals between russian banking and financial officials and americans and if it is russia there's a reaction against pressure from the united states then there are ways in which all kinds of companies in the united states will suffer losses we don't know how bad they'll be if we don't know how long they'll last but

energy china exxon mobil has a nine hundred billion dollars deal with russia's rosneft hanging in the balance and six hundred million dollars are already invested j.p. morgan must also be holding its breath as the u.s. threatens to target the financial sector it earned a fifty six million dollars in investment banking fees in russia last year took knowledge of firm intel is also a keen investor and has spent around one billion dollars in russia over the last twenty years. the next set of sanctions could target russia's energy sector but that could also be a big blow to u.s. and european energy giants who have a lot of interest in the country some manager bosses were spotted at the latest petroleum congress in moscow and here is the c.e.o. of exxon mobil rex tillerson bob dudley had a british petroleum was also present and as was the boss of norwegian oil giant stadol well many there are said they wanted to keep politics away from business but this is really for. doing relationship is developing. according to the culture so we don't believe this kind of problems we want these some of t

the st petersburg forum some of them didn't including the head of america's largest corporation exxon mobil white look we spotted at the latest petroleum congress in moscow just weeks later that's right i spy rex tillerson from exxon mobil we saw you european c.e.o.'s were also present mr bob paid a visit and he's of course the head of britain's b.p. and the head of norway's oil giant and one of the biggest energy firms in the e.u. stat oil was also caught on camera so guys screw sanctions business as usual but this is really a very good. relationship it's developing. according to the conference we don't believe this kind of problem we want these all the u.s. and its allies look like jealous wives calling on their business husbands to stay at home as they cheat on them with russia instead james rickards an american economist and author of the new york times best seller the death of money joins us live from the states to give us some analysis on this jim the big politics in business are they supposed to act as a team. superficially yes but behind the scenes no and i don't really find a lot o

of exxon mobil rex tillerson also bob dudley there the head of britain's b.p. was also present as was the boss of norwegian oil giant starts oil money though said they wanted to keep politics away from business but it was really different to work through the relationship is developing. according to the conference. the president of the franco-prussian chamber of commerce and industry finds it positive though the business is at least taking matters into its own hands on both sides of the atlantic now. it should have been because actually. the political system is such that no. leader talking about economy could think so we need to raise over and tell them that they should not do it again they should use diplomacy to do so the ukrainian places actually what do you have in you and you have a political crises. or political crises should be absolutely soul of by. taking into. companies whether they are us. french companies this is something which isn't acceptable for us of course there is more trading with europe than with the us i think you're fifty percent of the tr

exxon mobil is in the south. chevron is there. it is pretty much the whole range of companies that you would expect to be there. it is early. countries have different terms of what it takes to do business. the iraqi terms were very tough. we sent our troops in there and a lot of them died, how about a little break? we didn't get that break. going forward, the iraqi government may not be asking the same thing. they are going to need foreign investment. it need more to western investment. they have made it tough to invest their. oil companies have shifted their focus. the emphasis used to be on how much can we produce? the price they have no control over. the price goes wherever it is. the emphasis is on shareholder value and dividends. the terms had better be good going forward. or they will not get that investment. we are looking at how the situation in iraq is affecting the oil market and world economy. lou from rainville tennessee is next. caller: good morning. the gentleman before me ask the question i was going to ask. mention

i want to show you exxon mobil. they have been weakening before about 1:00 on that recent downturn, but exxon mobil, chevron, all the big energy names started moving down very quickly. that's why we saw the downturn, partly the downturn in the dow jones industrial average. want to talk about one or two other things quickly here. a look at they ipos 18 coming this week. the first one was a chinese energy that was priced today at $12. kay public, a little over $14, this is the first of the big wave of ipos. you see it holding up around $15. good start for the ipo business this week. finally i just want to point out. walgreens got the same problem a lot of the big retailers have. a lot of additional market share, but no profit margin. guys, back to you. >> bob, thank you very much. >>> so, as we told you at the top of the show, the number of the days, 116. no, it's not the nim in death valley. it has to do with stocks. we ran a stock screener this morning, and 116 is the number of to bes in the s&p 500 that are up more

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

and now, an enormous liquid natural gas project is being headed up by exxon mobil. >> up until a couple of decades ago, this area was incredibly isolated. with the discovery of a gold deposit, the place has become home to one of the world's most successful gold mines. >> papa new guinea is probably one of the best examples of the really cruel ironies that often go hand-in-hand with these big extractive industries. they're supposed to lead to development, uplifting people from poverty, and yet paradoxically things only seem to get worse. barrick has its private security force in order basically because there aren't nearly enough police there to do the job. the permanent police presence stationed in the nearby town is usually only 16 or 17 officers, who often don't even possess a car that works. we are on the road to a town where we have been investigating a range of human rights abuses, gang rapes carried out by the mine security guards. >> some of the women interviewed said that when they were arrested by security guards at the mine, the guards give them a choice. either they could go t

has a strong relationship with exxon mobil, with bp, etcetera.i think they're very much the end of the line. >> close to five-month highs on this, we're back into territory. >> these easing of tensions in the ukraine, we've seen a lot of, i think, sentiment and rhetoric out of the russian government to ease the tension. and what that has done is, you know, eased investor sentiment. we've always said that in emerging markets when tensions flare, people usually run for the door. we've seen that in turkey, we've seen that in other markets this year. >> i remember giving you a hard time about your call on low valuations in russia a couple months ago. do you think that valuations are still low? is it still a good idea to get back into the russian markets? >> well, i appreciate you saying that. russia was trading at 50% discount in emerging markets. now it's at about a 54% discount. which on the face of it, it can tighten further. in the last five years, i think it was about a 40%, 43% discount was the title. that being said, over the last five years,

. >> i word with exxon mobile.decade later i decided to leave and start my on consulting business. i prior to television i set up the firm. and also partnered with others on a hotel project. so it was only about 7 or 8 years after that i decided i wanted to just sort of move into the media space. now, leaving paid employment for self employment, it can be tricky. it can be worrisome. but life is a risk. and sometimes you decide to just go with the flow and say let me just try. and i think i just decided to just try. i can't say that i was 100% certain of what the outcome could be but i was ready to give ate 100% and see what would happen. >> what would you like the legacy to be? >> to keep showcasing the best of africa. i remember standing on the corner corner a couple years asking when you hear of africa what is the first thing that comes to mind? and i heard famine and starving babies. poverty, and my next question was why do you think this of africa? and the response was it is what i see on television and what i

starting with integrated oil giants, exxon mobile has the murphy oil all have operations throughout iraq and of these names, exxon the most exposure. but analysts say that the oil still accounts for only a small amount of the global production meaning the benefits associated with rising oil prices could more than offset the negative impacts with local disruptions. >> the other 95, 96, 97% of the business for these guys is now theoretically more profitable. there is more business to do because the prices are higher. just so long as you don't get it so high that you start to worry about gdp growth and damage. >> and oil services companies that service and maintain oil company equipments. >> you're talking about haliburton and baker hughes made an early push into the country, lot of operations in the south frankly have not been very profitable. they are pushing that back to break even, or do a little better even, have had success with that. >> they have had an impact on the companies, bottom line, something we saw at baker hughes after operations were suspended at an iraq facility just last

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 fuc 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 flared 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 need t

and exxon mobil and they're actually instead of white houses line have signed agreements with russia's ross now it's now you know we're thinking over here don't you find a little silly that they're actually making tills with a company whose c.e.o. can't even visit them or even pay for their lines because you know he's banned from everywhere and i know it's an absurd situation what do you make of it. well i don't share your premise i think. that. part of the conduct of business we have to look at it from the broader. framework there is what companies are doing that and what states are also involved in and we have we're also going to see a process of adjustment in this regard but to qualify the sword well that's. your opinion is not mine now that surge is not the fact that companies are making deals despite of policies the upstart is the man who is in charge of the biggest company in russia cannot even visit the company. signing that deals with that's what i meant just wanted to for size all right thank you so much for this wonderful insight on the in the world of energy we're talking to

lot of news today, in 4th place, warren buffet's berkshire hathaway, in third, chevron, 2nd to exxon mobile. the top of the list the world's biggest retailer, wal-mart $476 billion in revenue. >> that's a half a trillion. some countries aren't that big. that's "nightly business report" for tonight. we want to remind you, this is the time of year your public programs seek your support. >> on behalf of your public them le vision station. thank you so much for your report. we will see you back here tomorrow night. explore new worlds and new ideas through programs like this. made available for everyone through contributions to your pbs station from viewers like you. >>hi, my name is peter marshall and we are here to take a sentimental journey. a journey back to the '30s, '40s and '50s. you see it was called the big band era. we are at the beautiful avalon casino ballroom on the catalina island off the coast of los angeles. it was host to all the big band greats from a to z. now, the announcer might say, "from the beautiful casino ballroom overlooking avalon bay at catalina island, we bring you

lot of news today, in 4th place, warren buffet's berkshire hathaway, in third, chevron, 2nd to exxon mobile. the top of the list the world's biggest retailer, wal-mart $476 billion in revenue. >> that's a half a trillion. some countries aren't that big. that's "nightly business report" for tonight. we want to remind you, this is the time of year your public programs seek your support. >> on behalf of your public them le vision station. thank you so much for your report. we will see you back here tomorrow night. explore new worlds and new ideas through programs like this, made available for everyone through contributions to your pbs station from viewers like you. thank you. [honking and indistinct talking] [cheering] al franken: this is a big favor for us, brent. thanks a lot. thanks a lot. tom davis: we're gonna be going out there in front of all those deadheads, and it's like "jerry! dark star!" we gotta do comedy in front of these guys. brent: yeah, i know. franken: go out there. now, remember, we're friends of the dead for a long time. oh, this is great, tom. this is great. we're going o

the target of militia groups, exxon mobile carried out what it called a major evacuation of workers from iraq while british bp evacuated about 1/5th of it's workers and earlier today, president obama met with a bipartisan group discussing possible u.s. military options in iraq, air strikes, drone attacks and u.s. special forces to help train iraqi troops. the violence worsens as iraqi security forces battle sunni militants. more from northern iraq. >> reporter: iraq's largest refinery, the scene of heavy fighting today. video clips posted on the social media website purported to show smoke rising from the instillation after the rebel swept into the facility this morning. trouble at the refinery, one of the causes of these, long lines for gasoline, hundreds and hundreds of cars throughout iraq's region. >> we're supposed to live in the country of oil and gas, and suddenly, we learn yesterday there is no fuel. >> reporter: and still, the islam make militants press on. >> we're here in northern iraq, home to an enormous amount of infa talk tour, one of the largest three oil fields and large

citing the facilities workers suggest that militants are still there or oil corporations such as exxon mobil and or evacuating their staff although they still continue to pump oil almost the same amount the city of baiji which is said to be under siege as a key oil outpost in iraq it accounts for more than a quarter of the country's entire refining capacity the facility produces about three hundred thousand barrels a day and all this goes to petrol stations across the nation as well as power stations where the battles are taking place here and you can see that some of the country's major energy pipelines are located in areas that are now under isis control but joining me live in the now to discuss the situation is slate erekat is former u.n. spokesman in iraq thanks so much for being with us it's clear or at least it seems clear why militants would be eager to capture the oil field the route the reserves the refineries but how are they going to use them what's the danger here other than to the market. well we have to remember that isis in particular has already developed a lot of experience

prevent an anti nuclear campaign and when greenpeace became too much of a hassle for us oil tycoon exxon mobil they sent auditors after the and geo were both prime minister is embarrassed and wants an immediate confidence vote for his government which hasn't been behaving very well lately and the main reason behind the scandal is foreign minister course ski and his dirty mouth i already told you about his comments concerning the white house well there's more he's clearly unhappy with u.k.'s prime minister and how he deals with the euro skeptics cameron's yielded to their pressure so as to course he instead of telling them to eff off and it's not the first time cameron's eft up he just doesn't get it according to the f.m. and this is driving sir course keep crazy downing street said that the prime minister doesn't care and he will continue to do what he's doing in other words eff off well we have no privacy just standing here holding my phone someone can check my text messages or e-mails how you might ask new technology allows direct access to your devices and in fact your inside the. inside an

>> exxon mobil. >> he's called eczema will -- he has called exxon mobil out. former ceo of bp.e back in a moment. stay with us. ♪ >> that will do it for "market makers." thank you for watching. >> thank you for letting me be here. >> you will not be with us tomorrow. >> i will be watching. chief economist at goldman sachs will be here talking about the fed policy meeting. the most important economic item on the agenda. i will ask about goldman's predictions for the world cup. the economics of the world cup. jan will be singing " deutschland uber alles." >> germany is the team i have to root for. the hour,tes past bloomberg is "on the markets." scarlet fu has some breaking news on oracle. >> oracle is near a deal to purchase micros systems for more than $5 billion. designsystems enterprise solutions for the global hospitality industry. oracle is a perennial acquire. trading higher. micros systems surgeon on the news. it has just resumed trading. up by 14% to $66. we will keep an eye on this news. none of this is official. oracle is near a deal to buy micros systems for more than

exxon mobil's name comes up most often and i said a number of times while that might happen down thet appear anything near term. i can tell you in terms of exxon mobil at this point there's nothing going on in terms of their interest at some point down the road hard to speak for, but right now nothing. i did want to point that out given that stock was up sharply yesterday and has been an incredible performer out of an na darko because of fundamentals and takeover reports. >> unusual activity you mentioned the na gear yan brothers regulars on halftime show have been calling attention to this over the last couple days, unusual as they say option activity in that name and one to keep an eye on for what that means. >> yeah. >> i just want to bring in the fact that economic data didn't really do anything to lift the mood today. we were talking about geopolitical concerns, jobless claims went up another 4,000 last week. it's still sort of an improving trend if you smooth out week to week. retail sales were a big disappoint. the biggest part of our economy, consumer spending, only 3% rise i

earner on the national map for creating a whole lot of that opportunity. .t employs 49,000 arkansans exxon mobil number one in texas where oil is still king. some names may surprise you. costco comes microsoft in washington and the growing coke industries just conceded sprint in kansas. the country small estate, not smallest on this list. rhode island posts cbs as its as its top -- cvs company. verizon's empire in new york is rising rapidly while calling it home. the most tax friendly honor goes to wyoming. de justeak energy ma over one billion dollars last year. they're one of seven states without an individual income tax. some of these states aren't as business friendly as others. you mentioned the tax-free states. are we seeing states make a play for some of these companies to move headquarters their way? states do offer some kind of headquarters tax credit. ofsee a vast majority companies remain loyal to where they were founded. despite the tax climate. that's not to say that companies don't relocate. map.g is not on this in 2001, boeing moved its corporate headquarters from seattle to chica

john: exxon mobil got funded after paying for a trip for some employees. >> yes, it's just another exampleryone hates about washington. people with well-connected lobbyist, they can go there and hire someone like that and they can get a loan or a subsidy from the government that isn't available to you and me. >> government workers ran of $97,000 traveling in the south pacific. eleven months later they approved 3 billion in financing. the biggest gift loan in the agency's 75 years. >> yes, ebony% goes to boeing, they are the company that is lobbying most to keep the bank. that's what is wrong with washington. that's why americans, part of why they don't trust politicians anymore. >> one more example that you can talk about. it's harder to see the jobs lost. it hurt iron ore miners in america. >> basically would have been if they wanted to send money at them into the richest woman in ostrow the. so they provided these loan guarantees a $700 million. exactly. and these miners are saying, where's my hand out, now you're making it one competitor with us. so why are we the ones -- one of the one

we know in one case exxon mobil gave plane rides to officials before exxon went ahead and got a subsidym export import bank. >> you say not just the bank but they took a survey of the employees in 2013. my organization's leaders maintain high standards of honesty and integrity. due agree? 42 percent disagree. 29 percent that's pretty high. >> we end up in a situation where they are handing out money. unlike government programs where every player in the industry gets a subsidy not every exporter gets an export bank subsidy. less than 2 percent get a subsidy. it is picking winners and losers. you put anybody in that situation you are going to get questions about honesty and integrity. there's going to be such an opportunity for kickbacks. >> one congressman who dwot got caught was william jefferson. >> william jefferson was caught with 90,000 in his fridge and now he is in jail. he got a 13 year sentence fon bribery charges. one of the things he did was demand bribes from a nigerian company. he got it as part of what they were paying him for. when that deal fell apart he found another nig

two is exxon mobil and number one is walmart. >> good morning.nteresting year. >> walmart is number one, as you said, but that's not so new. they've been number one for years and they're down in arkansas like this. thing the total profits for the entire group soared last year, up over 0%. topping $1 trillion, $1 trillion for the first time. at the same time employment in the fortune 500 barely budged. >> why's that? >> that means the companies are hoarding their cash and making a lot of money. their ceos say they're concerned about the economy and where it's headed. 's a political debate. you ask president obama and he says they need to step up and start hiring more and paying more. it speaks to inequality, too, which is another hot topic. >> apple is your only tech company in the top ten but you say tech companies still have sustainability even though there's only one in the top ten. >> if you look at others, facebook is soaring up the list. last year they barely made it. now they're in the 300s. they have $1.5 billion of profits. they're quickl