it would be worth much more than exxon mobil.will be really exciting to watch. $310 billion. that is a lot. thanks a lot. you can find it on the commentary section on our bloomberg terminal. scarlet: we will tell you three things you might have missed in the u.s. economy. ♪ the focusith a lot of on the stocks in china this week, here are three things you missed on the u.s. economy. joining us is matt. we have to start with the fomc and how often they see risk. matt: this is something people do not really look at right away. this is this great chart that we put together. it shows how many fomc members of the 17 members on the committee see upside risks to their unemployment rate forecast. you can see there was a spike in september. up to six people thought it was likely the unemployment rate goes up and down. it explains why they took the path in december. it went down to two people in december which shows you they are more comfortable. joe: in the text of the minutes, it was clear inflation was going to have more anxiety. matt: t

i'll pick exxon mobil as well.ess the stock goes up 30% from here which ain't happening, something will have to happen to that dividend. >> should we be concerned based on chevron's results today? >> i thought chevron acted pretty well considering how poor it was. obviously energy stocks again are very oversold and a lot of big integrated. taking some bad news on the chin pretty decently. they are in downtrends and still something fundamental shifts. production cut or demand pickup and i don't think you'll get that over the next few months. that's just a guess here. i think these stocks remain in downtrends and i think you probably look to reduce exposure on ralies. >> as we head to break. check out the dollar soaring on the bank of japan's actions today. seeing a 13-year high. the hot group of stocks that could still feel major pain from the dollar's reign. i'm melissa lee. you're watching f-fun on cnbc, first in business worldwide ♪ out there i'm here to say. patrick boone likes chevrolet. >> that may be the care

exxon mobil rising today. chevron's rising today.as the only up stock in the industrial average. companies coming back after six straight days of losses. streak,quite a losing up 12% today. how about chipotle? that stock is rising once again. also just seeing a little bit of improvement in sentiment after the company presented at a conference this week. large tech technology coming back. a lot of weakness recently. taught these stocks had -- strong 2015's and then were falling in 2016. the rebound is not for everyone. gopro most notably tumbling today after giving a week revenue forecast for its fourth quarter. reemphasizing already what is a bearish case by many on gopro, that it is a one product company and cannot duplicate success. and a chip maker gopro, we are seeing concerns trickle down .nto fit bit as well >> thank you so much, julie hyman at the market desk. time for a closer look at banks. jpmorgan reported earnings that beat analyst estimates. the company disclosed -- disclosing a lower than expected surcharge that put it

exxon mobil and chevron both jumped 5 percent today in the dow. j-p morgan chase rose 2 percent. however, average long-term u-s mortgage rates fell this week. this is the second straight weekly decline for the rate on the 30-year-loan. mortgage buyer freddie mac says the average rate on a 30-year fixed-rate morage dipped to 3 point 9-2 percent from 3 point 9-7 percent a week earlier. dropping stock m mket prices this week pushed the up the prices of u-s that caused mortgage rates to fall. employers, educators, and industry leaders in dubuque are trying to figure out the best way to grow that area's economy. hear why they think millennials are the key, and what they're doing to keep young people in the area. stay with your 24 hour news source, kcrg-tv9. gathered today to make predictions about the upcoming year. they shared their thoughts on trends, opportunities and changes with the dubuque chamber of commerce. it's something they do every year at the dubuque forecast luncheon. last year, leaders said social media would play a huge role in business in 2015. the group discussed wa

which they have been -- exxon mobile. their inner communications reveal that they understood the damage their product was doing to the atmosphere many years ago and they basically covered it up. >> i would say the known on known of hillary clinton's e- mails if nothing combs out of those e-mails, i suspect something might. that might be the big one. >> the biggest political scandal might be in chicago with mayor rahm emmanuel sitting on the video that led scandal. >> hacking the u.s. office of personnel management. opm and stealing the files and identities of more than 22 million u.s. and federal employees. bad, bad, bad. pat. >> i will give this to barack obama for resisting pressure and everything else to put large numbers of american troops into iraq and syria. >> here, here. i would also add which pat won't i.e. with but supreme court legalizing same sex marriage. >> yeah i'm going to say the small reforms that came through congress in terms of forming the social security disability fund. >> i'm going to say new york

shares in exxon mobil fell 4 percent and chevron fell 3 percent. the dow fell 249 points. u-s indexes are down 10 percent or more since the beginning of the year. the fate of the dakota access pipeline now rests with the iowa utilities board. today, regulators in north dakota approved the pipeline to move crude oil from the state's oil patch to illinois. the proposed pipeline would go through iowa, south dakota and illinois. south dakota and illinois have already approved the project. regulators in iowa are expected to make a decision on the pipeline next month. services for seniors in linn county could all come under one roof. that's after those services dispersed when the county's old senior center was destroyed by the 2008 flood. and we have some college basketball action for you tonight on kcrg nine point two. it's a missouri valley conference showdown as the u-n-i panthers host the wichita state shockers. tipoff is at seven tonight on kcrg nine after years of doing without, a county- funded senior center could become a reality for linn county. right now, cedar rapids

the february 2015 blast at the exxon-mobil refinery in torrance... injured four contractors and rained white ash on surrounding homes. an 80-thousand-pound piece of equipment refinery explosion landed within a few feet of a tank holding tens of thousands of pounds of a toxic acid. exxon says an internal investigation didn't show wrongdoing. ### prosecutors in a criminal case stemming from a deadly natural- gas explosion in the bay area... say a former p- g&e employee faced resistance when she tried to improve the company's record keeping. investigators have partially blamed the 2010 blast on shoddy record keeping and inaccurate pipeline information. the u-s attorney's office said in a court filing a former p-g&e employee would testify -another worker asked her to destroy documents. prosecutors say those documents show p-g&e was aware its records lacked information about a previous leak on the gas line which exploded. p-g-&e has denied the claims.### a california man who twice unsuccessfully sued the government over the use of the phrase "under god" i

chevron and exxon mobil stocks jumped 4% and the stock market was way up today. >>> coming up on "action news," a trash truck catches fire and exploded in mercer county. >> and the eagles extend the contract of another tight end. >>> and we hit 50 degrees, and breaks of sunshine and a round of showers moving through with a cold front. i'll let you know what is behind that system in the accuweather forecast. introducing longhorn's steaks that sizzle for $12.99. like the new smoky bacon sirloin. and the parmesan crusted sirloin. only at longhorn steakhouse. you cant fake steak. you like being picture perfect. ♪ you should want your banking to be too. stop into td bank and we'll help set you up with picture perfect banking. new customers, open a checking and savings account and you can get a polaroid cube+ video camera on the spot. >>> federal state and city agencies have a plan to clean up an oil spill from the schuylkill river, crews plan to deploy absorbant materials into the river and remove oil trapped in the ice. it spilled from a tank on the rail property and into the schuylkill. off

exxon mobil fell 4 percent and chevron fell 3 precent. the dow jones industrial average fell just under 250 points. earlier in the day it was down as much as 565 points. because of lower oil prices delta airlines reported it saved more than five billion dollars. and, it believes those savings could continue this year. the airline expects to keep another 3 billion dollars in 2016. despite the big drop in oil prices-- so far in 2016-- shares of delta are down sharary along with the marart. there's a new mount rushmore coming to south dakota. to celebrate its 37-year history in the dakotadome, the university of south dakota's basketball program is holding an online vote for fans to pick their favorite players. usd athletic officials whittled down the hundreds of players who've played for the 'yotes in the dome from 1979 to now. they've come up with the top 16 men and top 16 women to create the mt. rushmore of dakotadome "we want people to look back at their time rooting for the coyotes in the dakotadome, we want to kind of memorialize this e

exxon mobil also not doing well. we are wrapped up with our thursday session, but we are looking to the friday session. investors will be looking for support from the u.s. jobs data. the december jobs report comes out. and bloomberg's own forecast calls for an increase of 200,000 . anything above that should give some reassurance to investors. we might see some green, but you never know what the future might hold. asll, we are not as bad canada's market. sinceave dropped 20% 2014. they are in a bear market. i will leave you with a sobering number. trillion has been wiped out of global equities this year and we have only been trading for four days. angie: it's all about was happening in this part of the world, as you said. we are just under an hour away from the china open. the global route and panicked selling prompted chinese regulators to do a u-turn and suspend the new circuit breaker system just four days after its debut. what went wrong? >> it feels like august all over again. china once again changing all the r

as for earnings, bnp, exxon mobil, general motors, pfizer, and real dutch shell are among the companiest us with numbers in the coming week. su keenan, bloomberg news. angie: coming up, the upcoming lunar new year might not be so happy for retailers and hong kong -- in hong kong. we take a closer look at the latest challenges, and there are many. that is coming up next. you are watching "first up.". back to you in two minutes. ♪ ♪ bend me shape me, any way you want me as long as you love me, it's alright bend me shape me, any way you want me you've got the power, to turn on the light shape the best sleep of your life. sleep number beds with sleepiq technology adjust any way you want it. the bed that moves you. only at a sleep number store. angie: it is 7:30 here in hong kong, but you are taking a look at a live shot of the the opera house -- sydney opera house where it is 10:30. we are seeing gains in the equity markets in australia. trimmeder u.s. stocks the generator out. this is things to governor kuroda and boj action in negative territory. breaking news out of austral yeah, there y

energy names, even the exxon mobil getting a selloff.re is talk that one third of all oil and gas companies could go bankrupt in the coming year. there is a fear that there will be a contagion effect. the thing about the supply side is we have known about this supply. they should not be a surprise to the market. we have been talking about oversupply four oh opec for the next month. >> it always seems to catch investors by surprise. wait a second. if you are listening to us, you would have heard us talking about this for months on end. thank you very much. always good to see you. lori raab men joining us now from the new york stock exchange. lori, we have been talking about whether or not the market can put in a bottom here. you know, i don't know. anything can happen. >> it is really telling to see the note slipped below 2% today. those are your classic flight to safety aspects. we retouch those august to five flows on the s&p. that was kind of a magic number, if you will. there was a lot of talk and a lot of questions whether we were he

exxon mobil. about 2%. one of the few bright spots today in the green. up 1.4%.hs. blackfish is what you have. the intelligence report will be right back. talking about sledding. ♪ we were born 100 years ago into a new american century. born with a hunger to fly and a passion to build something better. and what an amazing time it's been, decade after decade of innovation, inspiration and wonder. so, we say thank you america for a century of trust, for the privilege of flying higher and higher, together. ♪ trish: it is a snowstorm for the record books this weekend. did you go sledding? my kids did. i will tell you some of these new york city kids, some of the luckiest. dozens and dozens of towns all across america have banned or restricted sledding, if you can imagine. des moines, iowa, lincoln, nebraska and even syracuse, new york. why are they doing this? sledding. it can actually be dangerous. i will admit i got a little nervous. just told the kids to slow down. people do get her. the families of adult and children's awarding millions of dollars in damages. the

my country, saudi arabia is going to behave like exxon mobil.take with the price of the market is. others will have to adjust. it's a sign that saudi arabia is ready to ride the roller coaster. if prices go down, so be it. betty: how much do you think saudi aramco is going to reveal of their financial information? how transparent? never -- theyave don't disclose their balance sheet. they don't disclose the revenues . it all goes into the treasury. if they were have the amount of disclosure the kingdom will need to do, it is huge. it will take months if not years of preparations to get the company ready for an ipo. all oil reporters and investors are looking for what if that happens. the amount of new information would be a gigantic. mark: will selling it eases deficit burden, 15% of gdp? ier: saudi arabia is taking all the steps to reduce energy subsidies, trying to save money wherever they can. the country and public debt is about 5% of the gdp. a lot of money in a sovereign debt market with relative ease, even with low prices. i don't see saud

exxon mobil and chevron and 2%-percentr are up and financial winners were the third biggest loser yesterdayey are now the third biggest s&p winner with berkshire hathaway and bank of america up by about 2.5%. sectors are green across the board s&p 500 is just about at its session high. mark: investors are bailing from vix funds like never before with 500 billion dollars coming out of the one of the most popular exchange traded products. this move say about the direction volatility will go? let's bring in camilla rousseau. thanks for joining us. investors are withdrawing money from securities that profit from higher volatility even as the vix itself is set for his biggest monthly gain since august. what is going on? >> it seems strange but the two most popular etf's tracking the vix which shows volatility in the market are having outflows they are having 500 million which is a record for any month. that chartsllar one the same indexes having 300 million of outflows so investors are betting on lower volatility at least in the short-term. mark: what do they think will drain volatility out of t

all weant to hear about tuesday exxon mobile. weavto know what they have say. the balance sheet ades mor like a utity. lots of folks exxon will come and don't hold your breath. i think it would like prices lower for stocks. prans wh companies can want pay their bills. 2016 could bthe year whethat happens and those th capital win. exxon wants to wait for the fat la to sing before pounces. weo the stock of chipoe has co incident.whengerepos is ifit quarter where we have sense of the taj that was ou and how much icos ix including the saty measure which is are primo for thi country. there is still ls ofain ahead. rememberthey are the best in the business. i say if it gets to 400 th's where you go. i nto see the numbers.s.it feels like wel also hear from gliad. competition under cut it is pricing leading to a slide in the sharprice. one that continued wh the stock falling more than 5% despite the huge rally in the rketace. 40% lower. does it haveomethi up its leave? wednesday weetne fm geral motors t. coany gave you guidance about what you can earn. so many peop thin

exxon mobil, s&p energy index down. pretty tremendously. .own 25% it is pretty interesting. can see we are actually at the lowest right here since the 2009 recession dating back the past several years here. clearly oil taking their fall on the texas economy in the dallas fed is now reporting economics just today. this is negative or -- negative territory. the lowest since the 2009 recession. amazing numbers here. with texas, you may not be surprised. david: thank you very much. walmart has been so successful that it has forced many smaller, local stores out of business. shares are under pressure, down 28% in the past year. the retail giant is shutting down stores. looking into the story, you focus on one town, oriental north carolina, as the place where it had a mom-and-pop grocery store, walmart came in, so what happened here? really months. >> in a year and in some cases year, walmart has completely driven companies out of business. normally, we have known for decades people have talked about walmart coming in and hurting businesses because it offers lower prices and it ha

exxon mobil really remarkable.s rebounding even in the face of oil prices, a look at that in a second. wells fargo higher after it reports its earnings on friday. an important story today dipping below $40 per barrel right around here. andunding is down 2.5% still its slowest cinders -- since december of 2003. i want to take a look at the 10 year note today. we have been seen the yield at the lowest since october, though it is bouncing along with stocks. in other words, as we are seeing more buying with stocks, we are seeing not quite as much buying with treasuries. yields at 2.12%. betty: thank you so much. let's stay with the markets. analysts at j.p. morgan are seeing selloffs in equities amplifying. this is due to the blackout on a share buyback. explain the phenomenon and why investors are feeling that. joe, what is j.p. morgan exactly saying here? joe: their famous analyst was back inr his cause august. he made some good calls after the market selloff, the s&p. said, do not call off the dogs now that we will

. -- and exxon mobil.l energy is one of the worst-performing stocks in 2015 explorationany cut by 41% and cut its forecast for cool sales. we have seen a number of companies make these kind of moves in those shares are down by 9%. one of the other worst performers in the s&p 500 has nothing to do with energy production. it's autonation shares down about 9% after the company said it expects to report significant margin decline for the fourth quarter. it says the fourth quarter new and used growth profit for vehicle retail will be down year-over-year. mike jackson says the industry sales environment was more than. -- more push them all. -- than pull/ betty: i've got some news for you to have you been waiting for an oculus rift? julie: i have not, have you? there are people who are. 1 betty: facebook is announcing that oculus rift will ship in april at $899. rest for the weary, the european shares after a tough december come investors are now facing the most volatile start to the year since 1999. how wild has

giants like exxon mobile and chevron, stocks are down. mid size shares are suffering.here are three posting huge losses for the year. consul energy down 35%. murphy oil down almost 30%. finally the secret to getting into harvard, john berman, may be as simple as being a nice human being. what? harvard university says the admissions process is contributing to society problems by rewarding personal success rather than going good for others. colleges should take the pressure off applicants and level the playing field among race and incomes and promoting concern for the common good. this plan has been endorsed by 85 top institutions. go to cnn money to see the new guidelines without therestressi out. it is so competitive. you have to have perfect grades and all kinds of extracurriculars. >> and now you have to be nice? come on? that's a bridge too far. that is the straw that broke the camel's back. if i have to be nice, forget it. thank god they didn't have that in place when i applied for college. >>> "early start" continues right now. >> happening now, a monster storm he

exxon mobil is the next biggest. apple, that's like four times as much.- obviously today is sort of a microcosm of that. it's down about 20 -- betty: wow, look at how big apple is compared to the others. really puts it in contrast, how big a deal of -- that it's been. you have to wonder about the ecosystem surrounding apple. all the suppliers, all the chinese suppliers. is it clear, but that it's actually causing the markets to fall overall? or is this just a symptom of the selling? mike: i'm not sure that it's causing them to fall, but it is falling more on the markets with all this other stuff going on. the s&p is down 200 points from its peak. breakot enough to make or the momentum, but you know, if it had gone the other way and was adding 20 points, that's it 40 point swing with a drop on the index. it's a huge deal. to me the big question is -- if you look at the big momentum stocks last year -- facebook, how for that. netflix. index hasag on the almost as positive in effect is those. is a huge deal. it is, but it will be less of a big deal the small

within the dow, only exxon mobil rose.mall-cap index has entered a big bust, down 20% from its peak in may to june. by contrast, the s&p and doubt off by 11%. --s&p and dow off by 11%. alix: you can say that about the dow jones transportation average, biotech stocks, about the semis. across the board we are seeing these indices falling into bear market. joe: the one area that held up ok was the utilities, which is always ominous. that is the ultimate defensive category. we also saw banks, perhaps doing well in a rising rate environment. s&p back to back to its lowest levels. the sharesr go pro, are halted after it's going to be cutting 7% of jobs. its fourth-quarter preliminary revenue is going to be $435 million less than what the most bearish analysts had forecast it. alix: today was interesting because the oil price did not fall that much. here is what happened in the long-term oil contracts. come inside the bloomberg terminal. this is a forward curve on wti prices. this is what the market things will prices will be dow

of course you see chevron and exxon mobile losing. why?se you have oil plunging down approaching that 27-dollar level but certainly ibm not looking good as the company tries to turn it around to cloud computing. ashley: just a sea of red. jo, we appreciate that. as we look at the dow now be it's off -- been down as much as that's where we are down 400 and also the s&p down 3% and the nasdaq as well down 3% at 4346, the price of oil continues to fall and stocks continue to fall right with it and we'll continue this stock fall off the biggest challenge for business today is not competition, it's protecting customer trust. every day you read headlines about governments and businesses being hacked, emails compromised, and intellectual property being stolen. that is cyber-crime, and it affects each and every one of us. microsoft created the digital crimes unit to investigate and fight cyber crime. we use the microsoft cloud to visualize information, so we can track down the criminals. using our advanced analytics tools, analysis that used to ta

all we want to hear about tuesday is exxon mobile. we have to know what they have like a utility. only down 1% this year. lots of folks exxon will come and don't hold your breath. lower for stocks. prans when stressed out companies can want pay their bills. 2016 could be the year when that happens and those with capital win. exxon wants to wt for the fat lady to sing before it pounces. we no the stock of chipotle has been on a wild ride since the e. coli incident. when we get reports this is first quarter where we have a sense of the taj that was out. and how much it costs to fix including the safety measure which is are primo for this country. there is still lots of pain ahead. remember, they are the best in the business. i say if it gets to 400 that's where you go. i want to see the numbers.s. from gilliad. competition under cut it is pricing leading to a slide in the share price. one that continued with the stock falling more than 5% despite the huge rally in the marketplace. 40% lower. does it have something up its leave? wednesday we get one from general motors t. company gave

exxon mobil down 1.5%. with that said, these are also all the session lows.it in the past hour or two. let's look at some tech stocks. in particular, apple and twitter making news right now. here.down by about .2% year today, before today, apple was down about 7%, and over the past 30 days, 12% to goldman , the currentple weakness it is seeing, is a buying opportunity. that said, william blair says there are headwinds there. as for twitter, down 6.7 percent. there was an outage that happened that has been resolved. betty: thank you so much, ramy inocencio there. let's look at another aspect of the markets as the s&p falls, the mind of money available to cover shareholder distribution is starting to get stretched. are we in the midst of dividend cuts? bloomberg is a markets reporter could what are we seeing? dividend payout ratio is an interesting metric. dividends in the past year divided by total earnings. dividends are $43, earnings are projected to about 106. 41%. last time it was that high was 2009 two 2008. basically, an acceleration in that figure when

although exxon-mobil did not hit 52. so those are the kinds of thing that bring the dow jones industrial average down. what you should be looking at right now if you are a 401(k) person, and i'm a 401(k) person. it depends how you've allocated your money. if you're in an index fund, it's going to be down most likely this year. you don't make snap reaction judgments and sell. you ride it out and you keep funding that s and p 500 index, your 401(k) because markets come back. if you're over 60 different discussion. if you are under 60 years old and you are funding your 401(k) and you're doing an index fund you're going to be okay in the long term. if you react in the short term, good luck to you. >> if you're a couple of months away from retirement, probably talk to your broker at this point. >> if you are a couple of months from retirement, the time to have that discussion was a year ago. 62 years or old are, literally 62 is a good point to be moving your money out of stocks and protecting it and that's the discussion as y

stocks recovered today led by gains in oil an gas companies as price of crude san ramone chevron a exxon mobileas been hit in recent month as2 crude oil prices plunge. dow rose to 16 3 79 and nasdaq was up almost 89 and s&p gained 31 points. >>> tonight movie fans are remembering the beloved actor alan rick man. he won over generations of fans playing memorable characters on screen including professor snaip in the 8 harry potter 9o+. here's david wright. >> do you think you have a chance against us mr. cowboy. >>reporter: whether bad guy in die hard. or in robin hood presence of thieves. more beheadings. call off christmas. >>reporter: he on%u2ur hearts. broke them in love]s actually as the cheatinght89 husband caught. fo. >> i can teach you how to bee witch the mind and snare the senses. >>reporter: as the harry potter saga professor snaip he could kill with a glance. >> clearly fame isn't everything. is it mr. potter. e-it was the acting challenge of a life me he told "the new york times". >> holding a wand is not the most threatening thing you can use. pointing it at dame smith. ìhhcporter:

some would say, list p, exxon-mobil has ten times the revenues of facebook but when you take a look at the growth, you can see why. exxon's revenue last year were down 6.5%, facebook's was up 58% and facebook is one of the few stocks here on the nasdaq that is up for the month of january and only fang stock that is in the green year to date. back to you. >> bertha, thanks very much for that. so far three of the four so-called fang stocks reported earnings, facebook, amazon and netflix. on monday we get results from alpha gbet formerly known as google. >> mike santoli joins us. >> we're watching to see if google changes the story. each company has gone its own way upon reporting. the fang stocks are not trading as a unit, netflix was the first to report a net disappointment but the market didn't take it well. performed rather poorly since that report and not really been able to catch much of a break since then. facebook is kind of stealing all of the oxygen. cross the board on a sailable beat on earnings. i would say that amazon is somewhere in the middle. a 10 percent runup in the week

that would be exxon mobil.'ve got the like of home depot, which had been a stellar performer lately. that is the biggest decliner. the madness continues, kelly evans. >> on that note, let's ask matt chestlock. joins me. maybe you can explain what's going on. >> we've been blaming it on china and oil for so long. today it doesn't feel that way. i think the second leg lower was the u.s. economy. some of the comments. >> i look at netflix down 8%. why is jp morgan, goldman sachs, and home depot the worst performers? >> some of the tech names are the worst. a lot of people are saying i'm going to re-adjust my portfolio and try to get ahead of this instead of chasing returns. i think that's why. if you can sell into this and buy it back at a lower price, you're going to want to do that for the returns later. >> do you smell any fear and panic out here? what do you think happens? >> certainly not fear and panic, but i think we're going to see another leg lower. today we'll probably see a selloff. it's not fear and pa

they say exxon mobil contaminated groundwater when it leaked from underground fuel tanks in the '80s and '90s. brockovich became famous when julia roberts played her in a movie. >>> an island in the quabbin reservoir could soon be home to venomous snakes. we told but the plans for rattlemake islands. they want to raise and breed 115 endangered snakes that are native to this area. many people are worried no human on n modern times have been killed or seriously injured by a rattlesnake. >> most now most of our surviving timber rattlesnakes are in areas heavily used by the public and the public have faired fine. they haven't been hurt but the snakes haven't faired so well. >> gene: dfw officials say to support a population of bald eagle its and turtles. >>> who can abandon a face like this. this morning police across the region are asking for help who abused this dog and left it out in the freezing developed. the dog was found in dedham where low temperatures were single digits to start the day. fox25 daniel miller joins us now with more on the dog's condition, and daniel, that dog was

exxon mobile, chevron. chevron cut everything to the bone. you look at those big stocks, i mean they're undervalued. big company everybody will be talking about today is saudi aramco. that story to me is huge today. you know, with saudi aramco, their pride and joy, biggest energy company in the world is thinking about, you know, offering shares in their company. that's a sign that saudi arabia has big economic problems. it could be a sign that this production war is taking its toll and at some point they may have to cry uncle. lauren: phil flynn, thank you, analyst at price futures group and fox business contributor. nicole: -- spreading fears about chinese economy. >> how poorly they will be doing. they will be up six 1/2% this year. so china has got difficulties. i agree with that because they're sitting on a little bit after bubble. could be a lot of bubble. >> china is in a lot of trouble. their government badly managed their economy. they haven't been transparent this will be ongoing cycle months perhaps years to come. the best way to pr

you can buy big oil and look at exxon mobil and that works in this environment. do i see it going? this run short-term tradeable bounce can take you mid 35s. it's going to take the s&p up with it. the energy equity names have been used as a resource to hedge against longs in high yield energy debt. you have a lot of speculators that sell energy equities. now all oil has to do is stabilize those shorts in energy equities have to be covered. so i think there's more to come. >> oil will come back down. >> do you agree with him or not? >> i do not agree with him. >> you disagree with him. >> i never used the word -- >> so tell me why. >> look i want -- >> because as soon as oil prices go up you're going to see supply coming back on. in the shale production area first and it's going to be volume metric. it's going to put prices back down. having said that i want to be in names agnostic to the price of oil. the pipelines i like are kinder morgan. both have been slaughtered. the refiners faired better. i like marathon petroleum here. >> some people are pointing out lmg

>> caller: hey, i wanted to see what you thought of exxon mobil. i know they exceeded expectations last quarter. if it's worth a buy now or after their in -- new earnings. >> i won't tell anyone to buy exxon. as we used to say at goldman sachs when i worked there nobody ever got hurt buying exxon. i'm not a big fossil fuels fan, but exxon is a very well run company as is schlumberger which reported a good number after the bell. history says it can, but the fact is that no one knows anything about nothing when it comes to black gold. much more "mad" ahead. the fed raised rates back in december, but the regional bank stocks didn't rally. what is happening? i'm going to sit down with the first horizon ceo to get some answers. >>> new hope for amputees. i'll tell you about it just ahead and your calls, rapid fire, in tonight's edition of the lightning round. why don't you stick with cramer! and i used to watch the red carpet shows on tv now, i'm walking them. life is unpredictable one thing i need to be predictable is to be flake free. because i have u

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