she's with exxon mobile. they have done a lot of work in this area, researching the effective programs to improve women's economic status. neha misra is with solar sister. she mentors across africa to bring women-driven solutions to energy poverty. kay kuenker is global leader public affairs and government affairs dowing agrow sciences. it's the chemical company's ago culture business. agriculture business. damaris odini from the international crops research institute for the semi arid tropics. one of 180 african women scientists who won an award. debra elam served as president of the g foundation and chief diversity officer for ge. one of the most senior woman at the company. she's won too many awards to list today. finally, we have a man on the panel. make him feel at home. [ applause ] this brave man sitting up here is dr. bernard lyo, founder and executive director from the center for public health and development. he has more than ten years of experience in public health and development. what i hope when

. >> yeah, it's concerning exxon mobil, sue. it's also concerning ebola. rick tillerson coming out and saying that the ebola outbreak has indeed affected exxon mobil's operations in west africa including their future plans to drill off the coast of liberia. liberia really no oil production, but exxon had had planned to drill offshore. now, tillerson not quantifying exactly what impact it means, but still, we are seeing concern from exxon mobil about that and some kind of impact on its business in west africa. tillerson also saying, sue, that they are prohibiting employees from now on to travel to the regions that have been most impacted by ebola. so exxon mobil coming out and saying our employees are simply not going to be going to those parts of west africa until further notice. back to you. >> and the stock has moved to the downside since you brought us that news, brian. it was down just about .10. we're now down better than .25%. thank you very much. >>> a busy day, as you can tell, on wall street. let's stop for a second, take a breath and listen to ji

you can look at companies like apple, intel, exxon mobile, don't turn the dial, these companies if you put money into those four companies as opposed to putting 100 into a ten had-year treasury you get 50% more income out of the companies than you do out of the ten-year treasury. and those companies grow their dividends faster than inflation. so for me the company dividends become better because the yields are going up. >> now, let's flip the coin and say i want to go play defense right now. i'm concerned. is my basic move to move into cash or are there other ways where i could be a defensive investor and maybe leave some possibility of profit even as i get defensive? >> that is for most of us, when we're nervous about the market. most people are right now. most of the viewers, 2008 and 2009, this is a crazy business. when you say i'm really conservative, i really don't want to lose any money, cash is absolutely a very good investment, particularly in low inflationary times. they're not stealing your money because inflation is not eating it away. when you have low inflation, the fed wo

there's so much focus on the oil sector right now and how these oil giants like exxon mobil and chevron will react to the recent volatility in the price of oil. what are you expecting today? >> well, what i'm speccing is them to announce some curtailment of capital plans. i think that's the low hanging flute. i think that's what royal dutch shell cfo hinted at. that was appear area they were looking at cutting back. they have plans to eventually divest of $15 billion in assets by the end of next year. >> john, let's talk about that capital control that seema just mentioned. one of the big companies that hasn't been doing it as much as the others is chevron. do you expect that that is going to hurt its share price in this world of fiscal consolidation? >> yes, i do, actually. they're the lowest of the majors. they're spending a lot of money on lss & projects particularly out of australia. they have vemths room in order to meet some of their targets. they've talked those targets down, but still, it will be an issue and they typically trade at a premium. >> john, thanks so much for joining

the companies include apple, ibm, exxon mobil, fie or and cisco systems.he companies with the biggest buyback programs have outperformed the broader market by 20% since mid-2008. and it's a trend that has been on the incline for the most part since the end of the financial crisis. >> companies are doing more buybacks now, partially because they can, but more importantly because they are being pushed to by outside investors. when they do the buyback, they reduce the number of shares that they use in calculating their earnings per share, so their earnings per share goes up, the price to earnings per share goes down, stock looks more attractive, and investors like that. >> reporter: but critics say some of the money should have been used for capitol improvements and hiring more employees. companies now spending around 40% of their cash for capital expenditures, but that was 50% back in the early 2000s. these companies warn that companies who cut capital expenditures jeopardize their potential for growth. >> more and more of the earnings are created through sh

also we get earnings reports from chevron, exxon, mobile, clorox and madison square garden. walmart kicking off the holiday season this saturday, offering more than 20,000 item on rollback. and it is bringing back its popular 4 hours holiday cyber savings event with deals typically reserved for black friday and cyber monday. >> and starbucks plans to launch a food and beverage delivery service in select markets during the second half of next year. it will be available to starbucks loyalty mobile members. >> oh, i am all about a carmel lochiato right now. >> the race is in may. it gives us time to train. >> and you wear costumes. today you wear costumes. >> well, this is actually a tori birch dress. thank you for asking, sam. yeah, you can get two years out of your costume for the price of one. temperatures are looking really, really comfortable for now. it is really going to stay pretty consistent all day long. we're not going to climb by much. look at what we've included in the forecast. let me give you an eye what you can expect over the next few days. the heaviest stuff

if you look at exxon mobile. even that is only down about 10% since oil's peak. so much better than the overall sector remember back over to you. >> domenic, thank you very much. another commodity is plunging. it would be copper. prices are down 10%. there is a mysterious trade going on right now a. single boyer has snapped up more than half the copper held in the london metal exchange warehouses, giving it control over a crucial source of supply and raising concerns about potential tire prices. kate kelly here to shed some light on this mystery in the copper world. >> it is a fascinating mystery. it's unlikely we will get firm answers. all this information is anonymously held. it is an amazing thing in commodities, a single market snaps up the physical supply almost inevitably resulting in jacked up prices. the question that always ensues, is, is the holder earning money at the same and if so is it a squeeze? in this case, eight sources are telling the "wall street journal" not it's a squeeze necessarily, they believe the identifyer of the buyer is a london dedi

they managed to increase profits the last quarter, so how did chevron and exxon mobil do it? martha coombs has the story. >> exxonmobil was up three and a quarter. the two giants don't expect overall profits to take a hit in 2014 despite falling oil prices and they plan to maintain production levels. trader alan grisanti says for now they can. >> it depends how long oil prices stay at low levels. if it's a sustained period, say, six to eight months, then you'll have a harder time with production. >> the fact they've collapsed over the last four months has put pressure on oil producers worldwide. but for integrated oil firms like exxon and chevron, cheaper oil means lower costs and better profits on gasoline production. exxon's finer units rows 36% during the quarter even as prices at the pump came down. >> right now the advantage to the consumer far outweigh any disadvantage to the oil companies. >> they have another advantage whether to lower crude prices, the boom and shale oil production. efficiency and improved boom prices means they can still profit in 2015. >> there are

. >>> the ebola crisis is impacting exxon mobil's action, they are prohibiting employees from traveling to west african countries who are experiencing ebola outbreaks. it is disrupting the drilling plans the company had planned to engage in off the coast of liberia. >>> and mid-term elections about a month away, with the power in the senate up for grabs and the economy playing an increasingly bigger role for candidates. one of the senate races that is too close to call is in colorado. john harwood has more from the rocky mountain state. >> reporter: we're now about a month away from the election day and democrats need to win this state of colorado to keep control of the united states senate. in the dozen battle ground states that matter most the improving economy so far has not helped democrats with voters nearly as much as they would like. with the report showing a fresh drop in consumer confidence, president obama went to chicago today to talk up the economy and the role his policies have played in the recovery from the recession. >> the progress has been hard, but it has been steady

exxon mobil and goldman sachs.us on goldman sachs, johnson & johnson and maybe exxon mobil and cat to a certain degree. those have the highest prices in the dow. the dow is a price weighted index. the higher the stock prices, the more weight the stocks carry. these guys leading to the down side. now if you look at our market ped come to ter, how many steps we've taken, up and down, up and down, it's like a game of chutes and ladders. we've seen the market move by a total number of steps, or points if you will, of around 2,000. that means we've gone up or down by quite a bit. down 360, up 425, up 344, down 316. it's been a very volatile october. remember, some traders have been expecting this, kelly, bill, because remember we heard from howard silver over at s&p dow jones indices. of the times they've posted gains or losses 6%. 25% have come just where, in the month of october? back to you. >> not our imagination. art cashman came by and signaled. the amount to sell in this market on the close is growing. we're up t

shares of exxon mobil leptin the premarket -- lept in the premarket. better than expected at chevron. the stocks and oil prices will not have any long-term impact. today the president is in providence, rhode island. he was big about women and the economy and a roundtable discussion at the college about th. you down to the open with the top 10 headlines hitting our radar be or the bell on this friday. market reporter matt miller and olivia sterns join me. this is a fun one, at number 10, boomer. uber. it seems like parents are using the ridesharing service as a carpooling tool. they are using it to transport their children from school back to home. yet another way to use this app. >> it is a taxi service. they are not putting multiple kids in the back. >> they might be. >> but this is fantastic because you can track where they are on the app. shuddle,n use who uses trained childcare , if you do not feel comfortable with uber. >> they are working on something called uber family. they will have perseids in the car, so if you're a working mom, it is better

exxon mobil, chevron and hilton release earnings on friday. u.s.spending will likely show a slump in september while incomes are projected to have shown an increase for that month. that is your look at the week ahead. >> thank you so much. stay with bloomberg this weekend. stephanie ruhle sat down with carl icahn. they spoke at the robin hood investors conference here in new york this week. the entire interview this weekend. with the spirit we will have another checkup the market movers on the other side of the break. -- stay with us. ♪ >> get the latest headlines at the top of the hour on bloomberg radio and streaming on your tablet and on bloomberg.com. that does it for this edition of "bottom line." mark crumpton reporting from new york. on the markets is next. have a great weekend. i will see you on monday. ♪ >> it is 56 past the hour. bloomberg television's on the markets. we have one hour until the closing bell. we are seeing stocks rally for the second straight session. health care come utilities helping lead from the gain. some of those com

on friday, our focus will turn to energy, exxon mobil and chevron. it will be interesting to see how chevron as well as exxon, what they say around the volatility. >> and i think all the focus continues to be on earnings. let's have a quick look at european markets before we go to break, which has been in positive territory so far today. bounces back from a disappointing day yesterday. we'll bring you more on that after the break. also after the break, twitter shares continue their flight path lower after the social media site disappoints earnings. your analysis after the break. >>> stocks trade firmly in the green after some of europe's biggest blue chips. but u.s. futures pointing to a positive open amid that crucial fed meeting that kicks off today. >> the ceo warns of geopolitical challenges. >>> every other week, we have a new iphone coming out and we have ebola. issues that i would say are just adding to concerns. we feed to see an evolution. >>> bp sees declining profits at rosneft, but the energymaker still management to raise itself dividend.

. >>> friday we'll see results from exxon mobil, chevron, abbvie. you could say that's one of the reasons we've seen stocks rebound off the lows hit in early october. but at the same time, when you look at profits beating expectations, a lot of that is being driven by cost cutting versus revenue drofg profitable. is that a concern? >> no. lie this morning actually where earnings were and they're still 25% above record over real earnings. you've got justification of where the markets are trading at the moment. they were 4% i think on eps. that's now at 5.5% and has been rising dramatically. we look for earnings growth next year. once again, i think a strong underpinning for earnings and is justifiably so. so the market is -- you know, it's not cheap, but it's not expensive. it's only 10% above its ten-year average on pe. i think the u.s. is still very exciting, i think. >> the other thing, it could put a temporary damper on market at the end of qe3. we assume that that's priced in because we know a lot about it. but when qe1 and qe2 ended, that was b

a big earnings report out this week from latest oil giant, exxon mobile as well as big names like facebook, twitter, starbucks, visa, master card and more. the results of stress test on more than 100 european banks will be released as officials try to determine if they can with stand another economic downturn. toyota breaks ground on a new u.s. headquarters in plano, texas leaving california after more than 50 years headquartered there with the help ofincentive. new jersey becomes the latest state to promote sports be s be. the ncaa and major professional sports leagues are suing to stop it. we'll see. you can bet on getting all your business news on cnbc. >>> much more ahead on today in the bay. we're learning more about the homecoming prince who opened fire inside his washington state high school. why his cousin says he thinks the shooter may have had a change of heart. >>> there's lots to do today in the bay. the first thing is the last day for the pumpkin patch festival. don't worry. you're going to continue every half hour through 4:00 p.m. kids can trick or treat among the buildings.

exxon, mobile, anadarko, chevron, the majors all moving higher.ack over to you. >> dom, thank you very much. >>> the midterm elections projected to be the most expensive mid terms ever. john harwood is here. john, how much money are we talking about? >> $4 billion, between the candidates, the party committees, a flood of money, and some of those people are beginning to see the return on the investment. early voting has already start. this close to election day we can make sense of how those votes are likely to fall. first of all, you see on the wall the current senate, 55 democrats, 45 republicans, that means harry reid is in charge. let's project forward to after election day with the seat that we know are pretty well locked down. which leaves 11 left tore decided. now, let's brea the 11 downs. democrats are leading narrowly. new hampshire, jean shahin, the incumbent, kay hagen the incumbent, and in kansas where greg orman calls himself an independent, but democrats expect he would caucus with them, he has a very slight lead over pat roberts, the

all 30 stocks, including the safe ones, ibm, exxon mobil, procter & gamble, travelers, everybody is losing right now. investors appear to be rattled by risk around the world. first one single case of ebola scaring investors in the united states. but add to that the massive protests in hong kong, paralyzing parts of that city, and now there is word the demonstrators may be preparing a brand-new tactic, but don't count out iraq. the airport in danger at this hour. we're tracking the market moving stories as well as every single take of the u.s. indices. let's start "countdown." on a day like today when the dow jones industrials is down 245 points, barely off the lose of the session. very important to not just talk technicals or fundamentals but the emotions of all of it packaged up. are the stock charts suggesting we're heading to a bear market or will the downturn pass? we have seen that happen before. let's get to the traders, nymex, cme, stock exchange, weighing in. keith bliss, we have hong kong, and iraq that we know of and certainly that becomes a major issue, not to mention the market

and oil and gas in particular, exxon mobile has been historically terrible.ey merged they took away domestic partner benefits and now with the executive order that obama put through this summer requiring all federal contractors to comply, now they are trying to change their tune and say oh we were really great all along. so i think there are industries that have a long way to go. but increasingly you are on the wrong side of history. chica chick-fil-a. last summer. and i think the tide has very much changed here. >> interesting to see where things go next. clearly has shifted mind sets quickly and corporate america leading the charge, todd. thanks for joining us here. >>> we want to get a check back on the markets with the dow still up triple digits. 145 to the upside. at session highs. we're going to bring you some of the bhigs movers when we come back. ameriprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions.

hit its lowest price since 2012, and then you started to see the drillers, the big oil companies, exxon mobil chevron, apache, everything went down. if you wanted to find some green on the screen, you really could only find it in the precious metals. gold moved higher, platinum, palladium, and some commodityties. >> maybe some dramamine for tomorrow. >>> california water agencies are reporting a major decline in water use amid a terrible drought out there that could have major effects where you live, no matter where you live. will carr tells us how tonight it's going from bakersfield. >> reporter: as california gets set to enter its fourth year of a historic drought, food prices have shot up for consumers across the country. >> we see it as increasing for east coast, west coast. i mean, across the nation and the world even, by about 30%. >> reporter: agriculture is a $40 billion business in the golden state, with 80,000 farms and ranches producing over half the nation's fruits, vegetables and nuts. for many, the situation is dire. >> many of the trees are dead. in this block, about 40 of the

liz: let me ask you about exxon mobil, you don't think it will get hurt by extremely low prices, oilng at below $80 a barrel. we're $80.59 in the after-market session. can they make a profit? >> i think oil is going down to 75. i think that's the mean for 2015. it's going to trade around 75. i like exxon, they have the entire chain for energy, refineries, drilling, if higher margins on refineries, exxon is going to get beaten down, you are able to make money on it long. >> i want to go to the party mark is going to. is that in raleigh-durham? >> absolutely. come on down, we'd love to have you. liz: come on down. both your picks on facebook.com/liz claman. great to have you both. markets charging ahead, thanks to mark and bob. we love you guys, thanks so much. 17,369. the russell on a tear at the moment. the russell jumping 1.5%. up 17 points. the s&p better by 21. we have the closing bell ringing in five minutes. this fantastic record setting rally, do not turn away, anything could happen in the final hour of trade. and we are continuing to follow the breaking news out of mojave dese

mike is a fan of exxon mobil and other names, hour the names necessarily bullish for them, great for the consumer. >> gasoline leading to the downside and the brent, the wtir got down to $2.08 which tends to send products lower. the front end of the wti market, the weakest crude oil market is close to 88.13. a low on a monthly. i got a feeling we're going to test the levels. with the opec members discounting barrels and not looking as though they're going cut outlook, it's bearish for the market. liz: and here come the midterm election. so if we have better growth, mike holland, and we've got from the international monetary fund, and somebody with whom you worked at solomon brothers, warren buffett saying hillary clinton, he would bet money on it, will win the presidential election. meantime, she hasn't announced, there is no opponent yet another. what does the midterm election picture do to any of this? >> stepping back to the comments earlier about geopolitical mess. anything, liz -- >> and the fact that the dow jones industrials is down 200 points. >> yeah, and it's two years out,

lots of big earnings reports this week, including the latest from oil giants exxon mobil, chevron, bpl as big names like facebook, starbucks, visa, mastercard, and more. the results of stress tests on more than 100 european banks are going to be released as officials try to determine if they can withstand, those banks, that is, another economic downturn. toyota breaks ground on a new u.s. headquarters in plano, texas, leaving california after more than 50 years headquartered there, with the help of some lucrative tax incentives along the way. new jersey becomes the latest state to permit sports betting. that paves the way for casinos and racetracks to take bets on football games, horse races, everything else. but the ncaa and major professional sports leagues are suing to stop it. we'll see. tyler matheson, and you can bet on getting all your business news on cnbc. >>> next, in sports, mo'ne davis steps on to baseball's biggest stage. hear what she had to say about throwing out the first pitch at the world series. we thought our cable internet was fast. but, our uploads are half the s

exxon mobil says the ebola outbreak disrupted oil and gas activities in western africa.pany prohibiting travel to the countries directly affected by the disease. i've been monitoring a press conference with health officials in dallas. liberian officials allege that mr. duncan lied on his airport forms about having contact with any ebola patients. apparently he had. but said no on the airport forms before he left liberia to travel to the united states. he could be facing charges in liberia. liz: absolutely. by the way, i heard from at least one billionaire ceo, can't say who because i promised i wouldn't reveal, who put off his trip to nigeria precisely because of ebola. you will see more of this. ashley, thank you. >>> from bill gates to the co founders of the twitter, beyond meat is winning the support of some of the biggest business names on the entire planet. what is beyond meat? it's a product that investors betting on. it's a food item that looks like meat. tastes like meat. actually completely meat-free. does the company have a product that will make meat counters

liz: exxon mobil is one of the companies doing a lot of r&d in alternative energy, they're not just a big oil company. pfizer has a good dividend, too. you are playing the market. >> you got a company like pfizer which is spending more in r&d than any company in the world. one of the top sales forces, plus returning in above average dividend, that is good for now and the long haul. liz: i agree, mark, any sector where you had any money you would put it in, and that may be a crazy vaulted stock like a tesla or some of the social media names? >> i wouldn't go there. the companies are more face stocks than stocks we can do fundamental analysis on because of their egregiously high in our view price-to-earnings ratios. if you want a nonconsensus trade. there is a europe, they have gotten obliterated since july and october 26 is a key date where the bank stress tests are announced, see who passes and fails. that will lead to enough swing in the credit cycle which is good. liz: fitch said watch out for italy and france, they may be closest to a downgrade. you hated tesla. quickly, did you ch

all 30 stocks, including the safe ones, ibm, exxon mobil, procter & gamble, travelers, everybody is losingar to be rattled by risk around the world. first one single case of ebola scaring investors in the united states. but add to that the massive protests in hong kong, paralyzing parts of that city, and now there is word the demonstrators may be preparing a brand-new tactic, but don't

exxon mobil, conoco all moving nicely higher as a result of the stabilization. >>> important dates inarket. 1929, 1999, 2007 and right now. they all have one thing in common, an alarming gap in the economy between the rich and the poor. is today's wealth gap a dangerous sign of potentially a bubble about to burst. go to cnbc.com/vote and let us know what you think. robert frank here with some of the details on this. >> you have heard of the wealth gap. this is called the wealth to income gap. it is sending us a warning signal. the ratio of total wealth to income to the u.s. and went back to 1900. it is at the highest level since 1929. the normal ban for this is between four and five. there are about four periods over the last century where it spiked above six. those are 1929, 1999 and 2007 and today. all of those spikes were followed, of course, by big market falls. the question is whether this is the latest sign of a bubble. it says this is a worrying signal given that abnormalally ratios have signaled recessions. the good news is that americans are getting wealthier. household wealt

this is your general electrics which had earnings that were terrific, microsoft, exxon mobil. ge is a real mover right now. the russell 2000 which is the small cap group and then after that the russell 2000 has just turned negative and trending lower all throughout the day. this is a little disconcerting. you can throw in small caps that are weak today including coal stocks. look at some of the names in $2 range essentially right now. some of the smaller drillers like hero are also down today. i find this a little disconcerting. you do not usually get this kind of disconnect where the big caps stay up and small caps to start moving downward. >> thank you very much. we will keep on watching the small caps going into the close. let's get to rick santelli in chicago. how are yields closing out the week? >> it is pretty amazing if you forget that wednesday occurred although many people are still smarting from that we are only down eight basis points for the week. boons are down three basis points on the week, 386 from last week's 389. i think that is significant. i know bob keeps

the big laggard so far food g d goldman sachs, exxon mobile. and caterpillar and j and j also well. and the gap stores followed by qep resources. chesapeake energy also down to the downside. energy by far the worst performing sector. a broader based move for the dow. but you have to keep an eye specifically on what is happening with energy. apple up about three quarters of a percent today. >> the volatility in the last three days alone is enough to make your head spin. up down, up down, up down. >> think about the reasons for yesterday's rally. that the fed is more worried about the economy. if you got balled up on that and boughten up a 270 tarke, the on thick you are not considering is the bull rallies timically don't taste take place now. they occur when the market is on its way lower not hire. so i think yesterday was a sigh of relief. but that is never a great reason to get really excited and today you gave the whole thing back in 15 minutes. >> the vix alone tells the story of the so called fear gauge of where we are on the street. a lot of red on the board. >> it looks like a

exxon mobile up by 0.75%. larger oil players to the upside from 0.1% to 0.75% for some of them. >>> we are watching the markets. japan is watching the weather. japan preparing to be hit by the most powerful typhoon of the year. weather channel's carl parker tracking the storm. >> we are watching an extraordinary strong storm making its way towards okinawa where there are 35,000 american service men and women stationed. right now it is the equivalent of a category 4 hurricane and moving slowly to the north northwest at 9 miles per hour. here is the forecast track and intensities from the joint typhoon warning center. note ths points here are 24 hour increments. this is going to only very slowly come across okinawa possibly as the equivalent of a major hurricane. very fierce winds coming in tomorrow very early in the morning our time continuing right through late morning and then even into the afternoon. a prolonged period of strong wind, wind gusts perhaps over 100 miles per hour. even in an area where they are

if you look at a 10 year chart of exxon mobil, it has trailed behind its peers. y of free cash flow to shareholders. yet, perhaps it needs to do something more. look at a position targets like bp -- acquisition targets like bp. >> they are the quintessential long-range management -- they've been doing it for so many years. they really don't care about this quarter or today. there tried to figure out, what will be going on in russia or ukraine 25 years from now? the stock has been crummy. >> should they buy bp? >> bp is a mess. ebay -- talking about ebay has been a crummy company in terms of its management over the last few years. bp is also. it's a troubled company. >> should they buy something? >> they bought xto energy and work. -- and that did not work. they may be making zillions of dollars per unit. they probably will. that will be my bet. you mention ebay and paypal. now that they are going to be splitting up, a lot of people have talked about potential acquisitions. them.unster is one of not the case, is but it does make them more attractive. we believe sep

secondly, as to exxon mobile and chevron, to my knowledge they haven't done a thing after citizens united. matter of fact, very few private companies, for profit companies had -- labor unions do but not private companies because of the market forces. they don't want to get in the controversy. they didn't want to lose customers. what we have seen though is advocacy groups of all stripes participating and having new avenues of participation since citizens united. the final thing is, you know, we have reached the tipping point as far as contribution limits are concerned. we have had 13 states, including florida, raise their contribution limits. the reason is quite simple. finally the forces of the reality is sinking in on incumbent politicians that by limiting contributions to them they're not preventing challengers from getting the resources, they are hurting themselves. vis-a-vis these independent spenders. that's a good thing. contribution limits should be radically increased. and if we had that, we would have a more transparent and accountable system. >> thank you. this is an illuminatin

and exxon mobil has committed $300 million to venter's company to genetically enhance an algae that liveses an oil that can be refined into gasoline. so you're trying to cut down on co2 in the atmosphere, which people believe causes global warming and also create a fuel? >> exactly. the question is on the scale that it needs to be done at, you know? facilities the size of san francisco. >> really? the city? >> yeah. >> venter and his team are not the only players in this growing field known as synthetic biology. for years, dupont has been using genetically modified bacteria to make a compound used in clothing and carpets. amyris discovered a way to genetically modify yeast to produce an antimalarial drug. another company, ls9, has altered the genes of e. coli bacteria to produce fuel. but all of them are modifying a few genes, not designing all of them. venter's rivals say his method is commercially impractical, but he's made a career out of bucking the scientific establishment and earned lots of enemies with his brash behavior and his knack for grabbing research money and the spotlight.

secondly, as to exxon mobile and chevron, to my knowledge they haven't done a thing after ti

exxon mobil and others have been discouraged for bidding on oil and gas blocks. decisions on the sarin gas will help bring in a lot of investment and increase energy supplies. theseuld he get away with politically risky decisions? the slump in oil prices giving him more room to act. voters do not like increased prices but inflation has slowed to a three-year low. him more wiggle room. he had some critical wins boosting his political capital. those are significant victories to help carry out his economic agenda. bjp becoming the biggest party in maharashtra where you see the financial capital of mumbai. wins in ariana -- districtthe industrial is.e new delhi they carry out a lot of policies including investment, land acquisition among other policies. this will definitely boost modi's economic agenda. >> thank you for that. the most powerful people in china meeting to chart the course of policy over the next year. our china correspondent stephen engle reports that he will be strengthening the rule of law and institutionalizing the crackdown on corruption. not since

exxon mobil is down about 10%. >> and where is it trading now?s gone from 40 to 85 no last four years. just terrible. >> and that is in the face of a stronger u.s. dollar. >> you don't think they managed the dividend grooved? the five-year is 9.99%. >> and yields 3% and just closed at least trades at about 11.5 to 12 times earning. is that cheap? >> i don't think oil prices are going a ton lower unless we are going to have some worldwide depression, so that is probably a pretty good place to be. it is a low beta stocks. in the bull market phase, it went up and lacked the overall market. as tom pointed out, has gone down less than -- >> bob, you know that the bull market is getting older but still has legs. does earnings season speed things up or slow it down? earnings are the again now, that is what we have to focus on. i can't argue for a lot more pe, so the 20 plus over the last five years for the stock market has been e and pe. if pe is slowing or finished, it is all about e. still up. the game is done over. we're seeing a lot of innings. the

we cannot look for exxon mobil to jumpstart this debate. basically, the u.s.e chinese government, china now the number one emitting greenhouse gas and meeting country in the world by far, twice now what the u.s. emits per year, and the united states number two. between them about 40% of the world's omissions. need to agree now behind the scenes that by the time we reach the paris negotiations in december 2015 we have a serious agreement. >> how can paris be different from the collapse of copenhagen? everybody says copenhagen was a failure. what can we not do at paris that we did a copenhagen? >> one is that china has to be there in a full way with the absolutely is committed because without china doing this, the world is not going to be able to do it. that is different from copenhagen. that was not yet set. year after the copenhagen debacle, the world agreed on a proper standard -- keep the warming below a two degree celsius or a 3.6 degree fahrenheit limit. we should build the agreement next year around that recognized a greed limit. -- agreed limit. that mea

secondly, as to exxon mobile and chevron, to my knowledge they haven't done a thing after citizens united. matter of fact, very few private companies for profit companies had -- labor unions do but not private companies because of the market forces. they don't want to get in the controversy. they didn't want to lose customers. what we have seen though is advocacy groups of all stripes participating and having new avenues of participation since citizens united. the final thing is, you know, we have reached the tipping point as far as contribution limits are concerned. we have had 13 states, including florida, raise their contribution limits. the reason is quite simple. finally the forces of the reality is sinking in on incumbent politicians that by limiting contributions to them they're not preventing challengers from getting the resources, they are hurting themselv themselves. that's a good thing. contribution limits should be radically increased. and if we had that, we would have a more transparent and accountable system. >> thank you. this is an illuminating debate. [ applause ] >>> we

of my colleagues in the audience from pae and exxon mobile.'ve all met, we've all had these conversations. we're there. people on the ground as well. we're concerned about their health and safety also. if we also understand that we leave, it's going to even be more of a travesty to those economies. and we're there to help. we can rapidly mobilize. said, the forum today was about -- totalk highlight, yes, the coordination international aid effort. but also lessons learned. fori've been involved in, almost two decades now, a lot of the stabilization efforts and thatisaster relief efforts we've embarked upon in this country. and one thing that is similar is what about the private sector? what about the companies that operating on the ground? why aren't they involved in the planning stages? do to help?y not take over, but what can they force multiplier, to really help improve the situation, because they can rapidly mobilize? have a unique skill set. and yes, they are generous. one thing that we're doing with a lot of the companies for whom we're w

the companies include apple, i.b.m., exxon-mobil, pfizer and cisco systems, buying back more than $86 billion of stock in their own companies. the net effect is that companies with the biggest buy back programs have increased the value of their stock price and outperformed the broader market by 20% since mid 2008. it's a trend that's been on the incline for the most part since the end of the financial crisis. analysts say companies with the biggest buy back programs are on track to outpurchase the market by a record 25% in 2014. >> companies are doing more buy backs now possibly because they can but more importantly because they are being pushed to by outside investors. when they do the bye back, they actually reduce the number of shares that they use in calculating their earnings per share. it goes up, the price per earnings per share goes down. it's more attractive and investors like that. >> critics say some of the buy back money should have been used for hiring of employees, showing big companies have been spending less on capital improvements over the last decade. companies now s

look at oxy, conoco, exxon, that's ten points on the dow for exxon mobil.n 2%, as i mentioned but halliburtons and schlumbergers hit more because they're concerned about capital expenditures in 2015. if it stays down at 75, if it goes to 75 and stays for three, six months you're going to affect capital expenditures. brazil's bovespa, hit noticeably, big names there there is was not priced into the market. polls were close going into the elections over the weekend only thing i can think good news, good for brazilian exporters, the real is down 2%, but obviously that's not reflected in the markets now. meanti meantime, european stress test, impressed, only, what, 24, actually failed, you can see the names. unfortunately nine of them are in italy, thanks very much. but they're down. but most of the other ones did a pretty good job and a tougher stress test than a couple of years ago. here in the united states not a lot of earnings today. we'll get the rest this week. armstrong, big in vinyl flooring, that stock's down. they had concerns with customers moving a

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exxon mobil, 2.7%. there are a lot of big yielders in those dow components now.re's an argument that you want to see some of that cash back. >> thank you. you're still wearing a summer suit. >> i think with this underneath it it becomes french. >> not dem, chambray. >> andrew, someone wrote in, i guess they listen to you and have the same feeling that you have. companies with declining revenue who borrow to buy back stocks go bankrupt. >> buying or -- >> we're talking about ibm. i guess i have to connect the dots for you so you can follow me. companies that borrow money to buy back stocks get earnings per share up as revenues decline for 14 straight quarters. >> yes. >> and then go bankrupt. >> and then go bankrupt because eventually they go bankrupt. there is ohm one place you can end up like that. >>. >> sthef to take these things into account. i think it's a great question. he wants to make people think he has a long-term plan, but he doesn't like marrying losers and riding them down. that's human. and he is not human. he is not human. >> with the about face -