he is vice president for public and government affairs with exxon-mobil corporation. cohen, welcome. let me just begin by asking flat out: has exxon in any way misled or been dishonest with the public about what it knows about climate change? >> well, judy, first, thank you for the invitation to come on tonight's program. and i also appreciate opening with that question, because the answer is a simple no. and what the facts will show is that the company has been engaged for many decades in a two-pronged activity here. first, we take the risks of climate change seriously. and we also have been working to understand the science of climate change. that activity started in the late '70s and has continued up to the present time. our scientists have produced over 150 papers, 50 of which have been part of peer-reviewed publications. our science participate in the u.n.'s climate body. we've been participating in the u.n. activities beginning in 1988, running through the present time. at the same time, we've also been engaged in discussions on policy. and in the discussions on

. >>> exxon-mobil is under investigation. the attorney general of new york saying they buried research about the be effects of climate change. as we hear, other big oil companies could be drawn into thing the investigation as well. >> reporter: exxon-mobil has been subpoenaed that they have with held climate change data a. >> the new york general is taking seriously what they knew as early as 1977 and maybe before and what it was telling the public. >> reporter: the investigation has been going on more than a year and the news comes weeks after reports surfaced that common may exxon e thing in believe and another in private. they were -- the new york state attorney general saying they turn over documents from a period when exxon allegedly funded groups that looked to under mine climate science. >> we have been engaged in a two-pronged approach to this complex subject. one is consistent involvement to improve scientific understanding and policy discussions joorkt a spokesman says: up to now, cases involving big oil have been c

again, it was first reported in the "new york times" but again confirmed by cnbc that exxon mobil is under investigation by the new york state attorney general's office. >> energy stocks have been lower anyway today but exxon is down 1.5% right now. thanks very much. >>> some other movers for this thursday, ralph lauren popping on a better than expected outlook for the holiday quarter, company's earnings also beat street estimates even though they were weighed down by the strong dollar and restructuring expenses. qualcomm tumbling to a 52 week low. earnings out last night managed to top analysts expectations but first quarter guidance disappointed and the chip maker says it is still struggling to get chinese customers to pay for licenses. >> u.s. investment bank morgan stanley warning that a british exit from the ear mean union could push us into a recession. so recession, is this the first time we have heard that concern? >> this morgan stanley report is saying that it could be a big negative impact saying in 2017 growth forecasts could be halved below 1% but they do say that might b

the real question, has exxon mobil been full of hot air when it comes to its position on climate changeorney general is trying to suggest their own scientific research points out that climate change is real, does exist, and is a consequence of what's happening with burning fossil fuels and, of course, exxon being a major producer of oil this would have significant implications. i think this is one to keep your eye on. exxon has already said there is no case to answer here, but the attorney general is clearly on a trolling exercise to see whether there is anything inside the company that suggests that they knew climate change is a real threat but they were making the case in the opposite direction. moving you on, unions are not happy about the transpacific trade agreement. they have vowed to object and prevent if they can the ratification of this agreement which would reduce tariffs and taxes on goods across 40% of the world economy. president obama has been a real champion of this tpp deal but there are legislators alongside those union members who feel that this just goes too far and w

it is demand exxon-mobil turn over financial and other documents from a period when they are alleged funded groups that sought to undermine climate science. pushing back in a conference call with reporters. >> we have been engaged in a two prong approach to this very complex subject. one is consistent involvement in understanding the science and working with others to improve scientific understanding. at the same time, we've been involved in policy discussions. >> an exxon spokesman has told "the new york times": >> the decision may open a new legal front in the battle over climate change, much like the legal battles the tobacco industry faced years ago. cases involving big oil have mostly been civil suits and have failed in the courts. al jazeera. >> two big name republican presidential hopefuls will not be on the main stage during the next gop debate. chris christie and muck huckabee did not make the cut for the prime time event because of low poll numbers. they'll take part in the undercard debate. two other candidates will be off the stage altogether, being excluded even from tha

ceo of exxon mobile painting a bleak picture.he jobs isn't very encouraging if you look at energy as a proxy as an overall economic. >> it's been a sluggish economy, we've never really found our legs. we have just been kind of sliding along at a very modest economic rate. >> cheryl: europe's economy has been sliding sideways while the rate in china continues to slow. here in the u.s. jobs being cut. 2600 jobs by closing plants in tus and canada. we will get a better idea tomorrow with the release of the october's job report. unemployment rate helding steady at 5.1%. tomorrow you want to tune in with mornings with maria, entire hour, jobs in america. >> nicole: we are also watching shares of facebook this morning. the stock rallied near 4% in trading after reported better than expected third-quarter earnings despite a jump in cost. revenue 40%. facebook mobile app boosted sales, continue to extend reach with number of monthly users topping one and a half billion as september 30th of 14% from a year ago and that really round out 20

president obama and this message he is sending out to everyone mean for big oil companies like exxon mobilreally interesting and tough time for the oil industry. exxon is under tremendous pressure now. they faced lawsuits in legal action about what they knew about climate change going back 40 years. how they actively work against climate science. they are facing enormous pressure. we are moving away from fossil fuels. that will leave the oil and gas companies with stranded assets. up to half or two thirds of the assets on their balance sheets are not going to be used. we will not take them up or burned them or use them in that way. we might use them for petrochemicals or airlines but not in the ways we've been using it today. alix: what kind of infrastructure do we really need to be building in the u.s.? >> we need a better grid. that's one of the things that has been very clear. we need basic and researcher. our roads and bridges are not doing so great. grid and wetter need a smarter great and there is a lot of technology and a lot of investment heading that way now. it does require some

exxon mobil rising along with oil prices. if you look at the s&p 500 energy index, it's up for the fifth straight day. rallying along with oil prices. oil seeing him again today that more than 4%, bouncing back when it comes to recent declines. there's a galatian the regally -- weekly income data that comes that would be favorable soil. also supply disruptions in libya and result, adding to those gains in oil today. david: black gold, what about actual gold? seen risk appetite come back, that tends to disfavor gold as it were. we've seen declines accelerate even as oil advance and accelerate. right now, it's now four straight down days for gold. the decline we've seen in that time has been the steepest in about a years time. people also factoring in the fed outlook into their goal -- gold traded. janet yellen testifies before congress and we hear from a couple of other fed speakers and other venues. stanley fischer and bill dudley. investors will be looking for more hints as to whether we are getting an increase in december.

arguing and you and i discussed this and you can pick up on this point that they're arguing that exxon mobileas not getting the facts out there on the things disputed today. >> yeah, i like the things that aaron does on wall street. this is absurd. if you think about it -- >> yeah, listen you can make the case like they tried to make it and the cigarette companies that they with held the data and they're causing it and it's conclusive and the data of the global warming. >> all right adam. >> if i can make the point of of keystone and i am confused on what pben said. agree or disagree that was the reason for the policy. what other reason would the president have for not wanting to approve the project. he would want it for ever other reason. i am saying. it's a sincere belief. >> there's no sincere beliefs. he does not have that about anything. >> don't go there. >> how about the environmentalist. >> we exam the sex lifves of animals along the past and filters. >> alligators. >> i mean adam don't be disin generalous about this. he did not like keystone and struck it done. bottom line. >> becaus

we've got exxon mobil which is the largest oil company. apple, well, you know own apple, don't trade it. microsoft, can't have them both. don't take this personally, i wear a black t-shirt anyway, but we'll keep the apple, keep ford automobile and what you really need place hold with the proverbial brisal myers so you get a sense you need a little health care. i like that portfolio. let's go to my home state. let's go to patricia in new jersey. patricia. >> caller: hi, how are you? >> all right. how are you? >> caller: good. >> excellent. go ahead, give me some stocks. >> caller: okay. disney, should i give you all five? >> yeah, i would give us all five. >> caller: okay. disney, starbucks, diamond rock hospitality, apple and alibaba. >> alibaba. okay. here we go. we got a lot of work to do here. boy, we got a lot of work today. that's what we're paid for. we're paid the big bucks because we work. disney, i like disney. i've mentioned it in passing the other day. bob iger going to get that team. alibaba is a retailer in china and apple thi

hillary clinton wants an investigation into exxon mobile and research into climate change including bernieanders so they can't go after him for low gas prices they will for something else. >> they gave no money to the clinton foundation. >> there you go. >> i want to thank charlie, dagan and julie. an october to remember for stocks in a very, very good way. now get the names t >>> all right. make it a november to remember. >> target went down on sympathy. walmart, buy it on weakness. >> all right. ben? >> you still see the markets in the aggregate? >> in the long run, you bet. in the very long run, you bet. >> aggregate is another s.a.t. word. here comes david. top it. >>> fbi director james comey doubling down on comment that is the anti-police movement in america is making it harder for police to do their job in america. take a listen. >> i spoke to officers in one big city who described being surrounded by young people with mobile phones, video rolling as they stepped out of the car taunting them, asking what they want and why they are there. they described a feeling of being under sieg

exxon mobil is the second major company investigated by new york for the same thing. peabody energy says it has been cooperate cooperating with the ark g's office in 2013 in a similar investigate. >>> it is now 5:26 this morning >>> it is now 5:26 this morning. two grew some discovery two grew some discoveries 24 hours apart. the body the bodies of two women found burned in two different cities. fox25 took both cases to a criminologist. the eerie similarities he says investigators should take a close look at. >>> since midnight, we already picked up a quarter inch on chatham and vineyard. this is it for the showers. i am timing out incoming rain and possible record heat. >>> air is he is an international priority this morning. the new concerns with t+ sa to keep people flying in an our cosmetics line was a hit. the orders were rushing in. i could feel our deadlines racing towards us. we didn' t need a loan. we needed short-term funding fast. building 18 homes in 4 months? that was a leap. but i knew i could rely on american express to help me buy those building materi

your free pair and valuable coupons at always discreet.com maria: maria: maria: factual with exxoning mobile chairman ceo rex tillerson capital management program so important at exxonmobil throughout the oil sector what i mean is dividends applying back stock why is this so critical for you i know in a low growth environment 2% people searching for yield that is all it is about? rex tillerson: i don't think it is all it is about but we are most of our shareholders are long term shareholders. we also have a very large component of real are shareholders unlike most of the large fortune 50 a large group of real shairmdz individual. >> a held for a long time. >>. rex tillerson: a long time in pension personretirement grirn d clairp college planning. maria: count on vice versaed. rex tillerson: count on dividend 3 1/2% competitive with broader market will be what it will be depending on underlying value of the shares themselves, but i think also, our shares s historically have been safe, we do move up and down with commodity price cycle itself, the long term is if you believe long-term view of e

but exxon mobil and bp may must be able to hold out and weather the storm of a low cost environment. t scales back pumping. the bottom line -- $80 oil in four to five years well some analysts were calling that price at the end of this year. the main theme here is lower for longer and that seems to be here to stay. for "nightly business report" i'm jackie deangelos. >> those falling commodity prices are hurting the railroads in particular declining demand for coal has resulted in less volume being shipped. as we reported last night that's on reaso why a major rail company is reportedly looking to for consolidation in the industry. >> railroad industry may be ripe for another round of consolidation. at l union pacific has reportedly set the sights on a new takeover target. norfolk southern. according to reports the two freight railroads have held preliminary talks with cp starting to raise funding for a deal that can raise millions. since canada's number two railroads, csx, went off the tracks a year ago. hunter harrison has pushed for consolidatn. arguing it would reduce congestion, p

it is demand exxon-mobil turn over financial and other documents from a period when they are alleged to have funded groups that sought to undermine climate science. pushing back in a conference call with reporters: >> we have been engaged in a two prong approach to this very complex subject. one is consistent involvement in understanding the science and working with others to improve scientific understanding. at the same time, we've been involved in policy discussions. >> an exxon spokesman has told "the new york times": >> the decision may open a new legal front in the battle over climate change, much like the legal battles the tobacco industry faced years ago. up no now, cases involving big oil have mostly been civil suits and have failed in the courts. al jazeera. >> two big name republican presidential hopefuls will not be on the main stage during the next gop debate. chris christie and muck huckabee did not make the cut for the prime time event because of low poll numbers. they'll take part in the undercard debate. two other candidates will be off the stage altogether, being exc

hillary clinton wants an investigation into exxon mobile and research into climate change including bernieso they can't go after him for low gas prices they will for something else. >> they gave no money to the clinton foundation. >> there you go. >> i want to thank charlie, dagan and julie. an october to remember for stocks in a very, very good way. stocks in a very, very good way. now get the names t if you're an adult with type 2 diabetes and your a1c is not at goal with certain diabetes pills or daily insulin, your doctor may be talking about adding medication to help lower your a1c. ask your doctor if adding once-a-week tanzeum is right for you. once-a-week tanzeum is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes, along with diet and exercise. once-a-week tanzeum works by helping your body release its own natural insulin when it's needed. tanzeum is not recommended as the first medicine to treat diabetes or in people with severe stomach or intestinal problems. tanzeum is not insulin. it is not used to treat type 1 diabetes or diabetic

. >> nicole: state of new york is investigating exxon mobile on whether exxon misled about the risk ofte change, confirm that had the company had received a subpoena from the office of the attorney general in new york related to the subject of climate change. >> cheryl: here is a look at the headlines, oil slump, forces deep cuts by service providers. another sector story. va lexer, -- valeant ceo pearson . muÑoz suffered a heart attack after taking the job. >> nicole: he'll be back. that's good news. coming up, everybody knows the new james bond film opens today, but then there is this. see that cool rolex that james bond is using to cut through rope, well, you can buy it this weekend. do you want it? you don't believe how much it actually costs, we will tell you. in thursday monday night football, cincinnati bengals undefeated as they route the cleveland browns. details on that coming up. investors waiting on key october job reports. s&p down a half. nasdaq up 2. certainly wait-and-see mode. you are watching fbn:am, morning markets and breaking news. ♪ ♪ with respect to fast and effi

hillary clinton wants an investigation into exxon mobile and research into climate change including bernies so they can't go after him for low gas prices they will for something else. >> they gave no money to the clinton foundation. >> there you go. >> i want to thank charlie, dagan and julie. an october to remember for stocks in a very, very good way. now get the names t excellent looking below the surface, researching a hunch... and making a decision you are type e*. time for a change of menu. research and invest from any website. with e*trade's browser trading. e*trade. opportunity is everywhere. technology empowers us it pushes us to go further. special olympics has almost five million athletes in 170 countries. the microsoft cloud allows us to immediately be able to access information, wherever we are. information for an athlete's medical care, or information to track their personal best. with microsoft cloud, we save millions of man hours, and that's time that we can invest in our athletes and changing the world. ...of fixodent plus adhesives. they help your denture hold strong more

and we've seen some of the best in the business including exxon-mobil not seeing a turn-around any time soon. so if the guy in the biggest energy company in the country doesn't see a turn around, why should you think so. and volatility right now is double what it was for the energy space about half way through the end of the year. and if you look at what options prices are suggesting, they are well above from what they've been historically. so the market not looking optimistic for this space. i think the way to play this is once again using options. the december 6964 put spread, spend about 1.60. and part of the reason to do this is the high level of volatility and you could see how sharply the space could rebound if it does happen to catch a bid but i don't think it is going to. >> dan, do you think it will. >> i did make a bearish bet in ex jo ex on and then we had the pop and 30% of the etf is exxon and chevron. that was a technical trade. and i want to make one point about exxon. what might have gotten investors focused on. >> that the peak to trough earnings decline from 2008 to 20

and we've seen some of the best ceos in the business including rex tellerson at exxon-mobil not seeing a turn-around any time soon. so if the guy in the biggest energy company in the world doesn't see a turn around, why should you think so. the other thing is take a look at how volatile these stocks have been. volatility right now is double what it was for the energy space about halfway through the end of the year. and if you look at what options prices are suggesting, they are well above from what they've been historically. so the options market not looking excessively optimistic for this space. i think the way to play this is once again using options. the december 69/64 put spread. spend about 1.60. that's just over a quarter of the distance of the spreads. and part of the reason to do this is the high level of volatility. you can see and we have seen how sharply the space could rebound if it does happen to catch a bid but i don't think it is going to. >> dan, do you think it's going to? >> a few weeks ago i made a bearish bet in exxon and then it had this big pop. and 30% of the etf

. >> there are taking millions of collars from the koch brothers and exxon mobil. but not mean. accept coins, i'm not talking about fancy coins like dimes and quarters, i just want nickless and pennies, and i don't want new pennies, i'm talk being those old pennies that are so covered in hard black gunk you can't even read the date. so, america, if you believe in bernie, i need you to go home, open your closet, pull out your vacuum, dump it upside down and send me all the pennies that fall out of it. that's right, i'm bernie sanders, and i want your vacuum pennies. >> that's just too good. one of trump's best moments he appeared with not one but two "snl" doper gainingers during his monologue before they were interrupted by david. >> they're great. they don't have my talent, my money or especially my good luxe, but do you know what, they're not bad. and we're going to have a lot of fun tonight. >> you're a racist. >> who the hell is -- i knew this was going to happen. who is is that? >> trump is a racist. >> it's larry david. what are you doing, larry? >> i heard if i yelled tha

we unequivocally reject allegations that exxon-mobil suppressed climate change research contained in rate distortions of the mobile nearly 40 year history of climate research. so also there for the record. >> they are going after exxon. i can assure you they are very, as they say, lawyered up, as a company. >> the dow or the fortune 500 is not lawyered up. >> good point. >> just when you thought the earnings might slow down. next week brings us macy's and nordstrom and a whole lot more. we'll preview those numbers for you right after this. we thought we'd be ready. but demand for our cocktail bitters was huge. i could feel our deadlines racing towards us. we didn't need a loan. we needed short-term funding. fast. our amex helped us fill the orders. just like that. you can't predict it, but you can be ready. another step on the journey. will you be ready when growth presents itself. realize your buying power at open.com. >>> welcome back. it was another big week for earnings. next week we get numbers from the major retailers. courtney reagan has a preview now. hey, court. >> next week

the new york attorney general is looking into whether exxon mobile misled the public and shareholders about climate change. they include the information in its final reports. chon is denying -- exxon is denying the allegations. and you know the feeling, you get to a restaurant or bar and you want to charge your phone. they make beer coasters and candles that come with built- with the decor. right now, chef charger is testing them out at 11 bars in new york city. chris and mary, i wish i knew which one, i do not. >> please let us know. >>> since the terrorist attacks of september 11th, dozens of the terror plots against the united states have been foiled thanks to domestic and international cooperation. >> at the forefront of the fight in new york, the nypd's counterterrorism division but did know a trip to the park could land you under the watchful eye of the unit. >> when we get somebody doing background check. and our intelligence division gets involved and we run the background. we will make notifications, has this person done this before? >> well, you could be fined or arrested wi

look at the share price, please, of exxon mobile.linton says exxon deceived the american public about the risks of climate change, and she wants a federal probe of exxon. former shell oil president john hofmeister joins us now. john, you're big oil. you were the president of shell. you've seen all of this before. but this time, maybe hillary clinton could force an investigation that has real teeth and could really hurt. what do you say? >> well, of course the nation needs thought police, don't we? we must have candidates who offer new programs. i think thought police in brown shirts is a very good idea. what do the clinton candidates -- what is the clinton campaign and a campaign team that know thousands have geoscientists and engineers at exxon mobile don't know? i don't think there's a scientist among the campaign's leadership but there are plenty of scientists at exxon mobile. have we reached a point where you cannot have your own opinion? where you can't articulate your own opinion? i think it's very sad that we're headed down th

exxon mobil says it publicly conducted 40 years of climate research along with the department of energy academics and a united nations panel on climate change. >>> it is 5:28. still ahead, new details just coming in. police in connecticut stopped a bus that fits the description of the one involved in a deadly hit and run in queens. our cam ram ma is live -- kala rama is live now on the scene of flushing with new about the investigation. >> morning fog giving way to record-breaking warmth today. meteorologist bill evans returns with the exclusive stay with us. maria. there are thousands of ways into the complex health care system. and choosing unitedhealthcare can help make it simpler with our 24/7 nurseline. nurse:(over phone) if it's pinkeye, it could be contagious. oh. i know. unitedhealthcare it's easy to love your laxative when that lax loves your body back. only miralax hydrates, eases and softens to unblock naturally, so you have peace of mind from start to finish. >>> developing right now, and police in connecticut joined the investigation into a dead lit hit and run in queens. w

did exxon mobil lie to the public and investors about the effects of climate change?n is the focus of a wide-ranging investigation of the company by the new york state's attorney general's office. the company must respond to a subpoena seeking documents going back nearly 40 years. the investigation wants to know what the experts new about the effects of climate change. $1 billions to spend at the forefront of the auto -- artificial intelligence field. they will open a facility in silicon valley and one knew the massachusetts institute of technology. the company says the california site will open in january with 200 employees. those are the opening headlines. tom: very good. let me do a data check. sterling weaker this morning. futures negative. the euro-dollar showing dollar strength, euro weakness. on to the second screen, if you would. the vix. -0.32.rman yield is at right over to the terminal. the terminal is real simple, folks. here is the good news. up we go in an amazing persistent trend. things change in 2000. francine: we are really not absolutely sure what is

exxon mobile is going to have a much bigger influence. >> i'm not talking about just gas for, you knowelivery costs for ups or fedex or the airlines as well. so the activity -- yet to be that wall street analysis that shows the offset. charles: it hasn't happened yet, though. i don't know. maybe we'll see it. thanks a lot, cheryl. republicans getting ready for that face off tomorrow night and it's the debate and it will be about the economy. believe it or not it's going to be about money, your money, all front and center. but former new jersey governor whitman says you want to hear what the candidates have to say about climate change. she's coming up. right after this at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. if legalzoom has your back.s, over the last 10 years we've helped one million business owners get started. visit legalzoom today for the legal help you need to start and run your business. legalzoom. legal help is here. >> i'm nicole petallides with your fox busi

exxon mobil is being investigated by the state attorney general's office.chneiderman's office wants to determine whether the company lied to the public or investors about the risks of climate change to the oil business. they have issued a subpoena for records and e-mails. homeland security says secret service protection has been approved for donald trump and ben carson. the front runner's requested protection last month. jeh johnson approved the requests after consulting with five members of congress as required by law. that is your first word news. 24 hours a day at the bloomberg.com. back to you. alix: we do have some breaking news pre-disney earnings are crossing. scarlet: the headline here, and unadjusted basis, $1.20. that is an improvement from the previous year when they came in at $.89. $13.5 billion looks to be a slight miss when you consider the estimate was $13.56 billion. it does also represent an increase from the same time a year ago. the b question has to do with its media business. we have a revenue increase of 12%, higher than what was anti

goldman sachs setting it in a nine dollar -- and $89 price target for exxon mobil. david: julie, thank you very much. that's julie hyman at the markets desk. now let's go to mark crumpton at the news desk. mark: david, thank you. the airworthiness of the passenger jet across from the weekend is being questioned. regulators found its safety and documentation in order earlier this year. an irish company at least to the russian owned metro jet. officials say only an external impact could have caused the crash. >> in less than a minute, the speed of the plane dropped by more than 300 kilometers an hour twoit was a loss of out the . it is impossible for a big transport or passenger plane to move like that, which means the plane was not flying, but following. clapper says he cannot rule out an act of the planebrought down over egypt's sinai peninsula. president obama has signed a thertisan budget bill for debt limit. it increases discretionary spending by $112 billion over the next two years and avoids the default on u.s. financial obligations by suspending the debt limit

exxon mobil falling with oil prices.een talking all day long about the weakness in retail. macy's came out with numbers estimates. analyst it has been dragging down the rest of retail as well. there is concern about other companies that have yet to report. one of them is coles. jeffries cut earnings estimates today, again citing weather. out with as earnings. ,n the face of retail weakness it could not sustain gains. betty: investor confidence in the fed is on the rise. traders are clocking in about a 68% chance of a hike. that's up from a week ago. we are joined by our stock reporter and a bond reporter. s first.ke stock what are you seeing right now in terms of the effect on the fed? >> we are seeing an all-time low for declines in financial stocks. that is definitely a reaction to what we saw last week. janet yellin said there is a loud possibility of a rate hike in december. that is the most talk is she has been. then we had the best nfp growth. joblessness was down and we had growth expanding. a lot of good signs. w

that's important because if you look at the major etf, 30% is exxon, mobile, and chevron.ersified. kevin: exactly. this is the way to play it. i came up with an option straight it's real simple. out to35 put all the way april of next year. it gives a couple of months to let the trade shakeout and let producers go bankrupt. we have seen 37 oil and bankrupt -- oil producers go bankrupt. that could be telling because wells are more efficient. julie: we do have breaking on cosco. , andding to the cdc outbreak of e. coli has been salad to cosco chicken and as of november 23, 19 people have been infected. people have been hospitalized, no deaths have been reported. rotisserieemoved all chicken from its shelves and the stock is taking a leg downward. we will bring you more as soon as we have more information. ♪ scarlet: live from bloomberg world headquarters in midtown manhattan, you are watching bloomberg markets. i'm scarlet fu. let's get your headlines on first word news with mark crumpton. mark: a u.s. defense official in washington and nato diplomats say a russian warplanes

downgraded exxon mobil. why is that?> we are bullish on oil, not for tomorrow or next week, but over six to 12 months, we think oil will be at least in the 50's by the end of next year, potentially in the 60's. context, exxon will not be the stock that will do the best, not even close. of course, it will go up. by practically anything else you buy in energy that is oil ever, it should outperform what is the most offensive energy stock on the planet could ask him was great when oil is going down. not as great when oil is going up. betty: explain that to me exactly. are two dynamics here. one is the stoxx itself when you look at the correlation between different shares in energy and the oil price, for example, exxon has an r squared of .48 troyoil parity look at the him, and other large cap, their correlation is .64. about one third higher. that is the latest oxnard. in terms of fundamentals, exxon gets half of its earnings this year from refining and chemicals. goingbusinesses are not to be benefiting as oil prices go up.

the state of new york is investigating whether exxon mobil lied to the public and its shareholders about the risks of climate change. the investigation focuses on whether the company' s statements are consistent with their own scientific research. exxon has been ordered to turn over extensive records and emails. the new york times reports the investigation might expand to other oil companies as well. emily: new this morning, from getting around town to expanding the way we search for answers to bringing relaxation to your door. olessa is back with the companies new to boston that are offering us quite a bit. olessa: and what' s even better is your fingers can do all the what do you need? the goal, to see the needs of others, whether it is service, product, or advice. they connect people through the app or in person. >> this is a place that has received a great reception in the area. new option for getting around town. fasten. you can see how much the arrival will cost in real time. you campaign more for quicker service. no search pricing. do you find it hard to relax? and app offers a va

exxon mobil as you can see. all down. close to 3%. oil itself finishing down at 4377.a couple of week sales down sharply today. macy's and cools down 6%. that is the very latest from the new york stock exchange. more trash after this. ♪ trish: 24 hours from the republican debate. right here in milwaukee, wisconsin. who is going to resonate the most? we have frank luntz. good to have you on the show. how important, overall, are the debates? >> they matter considerably. newspapers, online, more than anything combined. 24 million people. 14 million people watch cnbc. these are record audiences for all three cable networks. people have been paying attention to them. listening to the details. not bad they are sampling it, they are there watching the entire debate from beginning to end. that is how they are making up their minds. trish: frank, that is wonderful. i love it. it is great to see this many candidates in the field. you look forward to the economy and the issues that will be talked about tomorrow night on stage. how hungry are people for details. i do think that th

i will be curious to see what he sees on the ground for exxon mobile. remains troubled and the main reason is emerging markets, demand out of china is tested at best. that is a reason for the resource sector. >> the time to spot that trouble in energy was six months ago. a lot of big ceos, and the energy space. maria: is that because of prices or because you think things have bottomed? >> the stocks in exxon got hit so hard, it typically quality companies but oil underlying thing they trade off went from 100 to 40 and a lot of people calling it to drop to 20 , we stabilize in the 40s for a long time, ceos make money with oil in the mid 40s, and it will be more upside. there is an interesting set up in energy. maria: one of the consolidation targets, we will take a short break, leading energy experts as oil prices are nearing bottom as production begins to slow, we are looking at oil trades next, and some mobile's chairman, out of for the fox business exclusive joining us coming up. back in a moment. hey, i see you're working on your portfolio. need a li

. >> attorney general is investigating exxon mobil over whether it mislead the public and investors with risk of climate change. it centers on whether exxon intentionally hid the risk that climate change could pose to its business going forward and clouding public debate on the issue. the office is conducting a similar probe of peabody energy. trading in german trade we're down by .6%. and men's warehouse is warning it's results will fall well short of analyst estimates due to the retailers transition away from the buy one, get three free promotion in the joseph a bank division. it planned to overhaul it's marketing strategy anyway as there wasn't enough demand from men wanting to buy four suits at a time but men's warehouse didn't expect traffic to drop as much as it has and consumers didn't want to drop unless they were getting free stuff. look at this, 30% after hours and falling by similar margins in german trade as well. >> toyota is taking a big step with a billion dollars in investment over five years. the president says he changed his mind on the market after getting involved in

attorney attorney is investigating whether exxon mobile hid what they knew about the risk of climate change possibly for decades. they subpoenaed the company's records and emails, they allegedly paid groups that tried to undermine the science behind global warming. and exxon said that it denies anything. >>> scientists say that a 41-year-old man died of a cancer-like disease that was transported to him by a pair side. he was living with hiv, and he developed large stomach tumors, but they came from a tape worm in the patient's gastrointestinal tract. and it's the first known of its kind. here with us, doctor gander, of infectious diseases in new york city. how common are tape worms, and how common this cancer causing tape worm. >> tape worm is common in developing countries where you have poor hygiene, and 75 million people worldwide are infect, but in some parts of the world, as many as 1/4 of the children will be carrying them. this patient had advanced hiv and a weak immune system. and that and the parasite developing it's own cancer. >> that's kind of unusual, isn't it? >> we don

the state of new york is investigating whether exxon mobil lied to the public and its shareholders about the risks of climate change. the investigation focuses on whether the company' s statements are consistent with their own scientific research. over extensive records and e-mails. "the new york times" reports the investigation might expand to other oil companies as well. emily: new this morning, from getting around town, to answers, to bringing relaxation to your door. olessa is back with the offering is quite a bit. olessa: you can do everything with your fingers and your smartphone. what do you need? that' s what they want to know. others. the next step, connecting person. >> we see a great reception in the area. olessa: boston joggers have a new option -- boston drivers had a new option for getting around the big thing for passengers, no surge pricing. the app zeal offers a variety of massages that come to you. you can select the type of massage you want. there is even an option to give a massage as a gift. i decided to check this out. thank you for coming. this is officially my fav

. >>> exxon mobile under investigation by the new york attorney general for misleading the public and about climate change. this is a win for environmentalists. they linked the public energy about climate change. they point to suppressed research. exxon rejects the accusations it hid climate change information. the new york attorney general probing that. >>> all right. johnny football. he met the bengals one-on-one. it was more 11 on 11. it was a battle of ohio. did not go well for johnny football. coy wire has details in the bleacher report next. busy day? nt to e a sfx: cell phone chimes start with a positive attitude... and positively radiant skin. aveeno® positively radiant moisturizer... with active naturals® soy. aveeno® naturally beautiful results®. coughing...sniffling... and wishing you could stay in bed all day. when your cold is this bad... ...you need new theraflu expressmax. theraflu expressmax combines... maximum strength medicines available without a prescription... ...to fight your worst cold and flu symptoms... ...so you can feel better fast and get back to the job at

that is why exxon mobile is doing better than most energy companies. me we saw prices plummet the way we have seen them plummet over the last year, exxon merged with mobile. that is when you see the big deal. he said there is going to be a lot of pressure. i wonder if that means oil prices will come down further or there will be pressure as a result of where oil is and be shale guys in particular, face bankruptcy and if need to get bigger and get scale. >> oil prices may come down a little bit but i think they're bleeding cash and he realizes that. maria: we will keep watching that. take a look at futures, the market is expected to open higher. want to bring in the ceo of mainstay capital, good to see you, thanks for joining the conversation. your thoughts on energy on the heels of what bill was saying, a lot of mergers and acquisitions? areas you are investing in energy? >> we are only in the refiners, waiting on oil for a while to reach bottom before we move into some of the other names but we have been in the oil refiners. we looked at oil for 2015 t

exxon mobil and chevron were among the big gainers. >>> here's a look -- >>> the airline said they were getting kicked out for making threats. and being unruly. but a group of spirit airlines' passengers say they think something much worse was at the heart of this move. now, they're speaking out about what they say really happened. >> plus, he ran the marathon and then went missing. now, hear from the officer who helped bring a desperate search to a safe ending. >> and sun goes down earlier. temperatures keep going up. my friend connor from connecticut is modeling walking the runway in columbus avenue today in his shorts and t- shirt, that's what you dress like on november 3rd when it's 72 degrees, here's the signal if you have the choice, go aboveground. and opt for outdoors, great outside tonight and dressment september but how long will okay. so everyone is saying, "hurry! you gotta get fios!" but why. why fios? well, right now for a limited time, you can get a great deal from fios, the 100% fiber optic network. fios gives you big capacity so you can get 100 percent out of all your d