also coming up, exxon mobil joins the race for inner oil offering $45 a share. let's check on the markets with david. david: over the last five or 10 minutes or so, it a spike here in dollar-yuan. the weakest level for the chinese currency going back to the first of november of 2010. one on they single way down. not exactly moving in a vacuum. equity markets look like this, not the most exciting of days. there is a preference, or a shift in preference toward developed markets. australia is up for the eighth straight week. closed. nothing life-changing, though. a preference toward developed markets. look at taiwan, for example, this is a very good symptom, if you will, looking for a place to be part. the latest member of the bull market club in asia. number eight across the asia-pacific. something to keep in mind. i was talking about the rmb, take a look at the shanghai composite. we are seeing a lot of pressure on this market. pressure on asome lot of these developers, materials, cement. have a look at some of the main benchmarks. -- we are seeing some pressure.

exxon mobile under a clean up order by the regional water board which in this case and remediated pet trolium to these activities. it removed pet trolium stuff possible (paused). however the water regional quality board requires the board to comply with the risk management plan and ensure that risk management measures to protect maintenance or construction workers and to protect the remediation during future construction are implemented. for example, additional health and safety planning and monitoring for workers directly expoationzed to soil and grand water within a limited area such as maintenance workers working in a below grade utility trench. additional health and safety measures maybe required. for future construction, none of which is currently planned or anticipated, but could potentially arise at some point during the 20 years of the agreement and should be designed to avoid or rer pair layer of reactive material placed under the short line as part of the remediation, and these kinds of risk management measures may result in additional costs to the port or its tenants while

exxon mobile under a clean up order by the regional water board which in this case and remediated pet trolium to these activities. it removed pet trolium stuff possible (paused). however the water regional quality board requires the board to comply with the risk management plan and ensure that risk management measures to protect maintenance or construction workers and to protect the remediation during future construction are implemented. for example, additional health and safety planning and monitoring for workers directly expoationzed to soil and grand water within a limited area such as maintenance workers working in a below grade utility trench. additional health and safety measures maybe required. for future construction, none of which is currently planned or anticipated, but could potentially arise at some point during the 20 years of the agreement and should be designed to avoid or rer pair layer of reactive material placed under the short line as part of the remediation, and these kinds of risk management measures may result in additional costs to the port or its tenants while

exxon mobile under a clean up order by the regional water board which in this case and remediated pet trolium to these activities. it removed pet trolium stuff possible (paused). however the water regional quality board requires the board to comply with the risk management plan and ensure that risk management measures to protect maintenance or construction workers and to protect the remediation during future construction are implemented. for example, additional health and safety planning and monitoring for workers directly expoationzed to soil and grand water within a limited area such as maintenance workers working in a below grade utility trench. additional health and safety measures maybe required. for future construction, none of which is currently planned or anticipated, but could potentially arise at some point during the 20 years of the agreement and should be designed to avoid or rer pair layer of reactive material placed under the short line as part of the remediation, and these kinds of risk management measures may result in additional costs to the port or its tenants while

rosalind: exxon mobil has put in an offer for inter-oil. are divided at $40.25 each. proposal would have made the deal worth $2.2 billion. this new one from exxon will top that. it is a company that focuses only on top in new guinea -- papua new guinea. president obama warned against inflammatory rhetoric after three police officers were killed and three others wounded in baton rouge, louisiana. we as a nation have to be loud and clear that nothing justifies violence against law enforcement. attacks on police are an attack on all of us. >> a suspect has been killed, but did not give further details. seen rising been tensions sparked by the police shooting death of two black men and subsequent fatal attacks on police officers in dallas and baton rouge. in shinzo abeman 's government says a student's plan will not be funded by issuing deficit bonds. he did however hand at construction bonds. cost $95is expected to billion. shinzo abe has set these to me is package will be bold and include funds for regional infrastructure. have said these measures will be bold and includ

now, with us driving the cooperative agenda and with exxon mobil on both sides of the project, all sides, we now see the next 12 months as considerable negotiation between exxon and other parties to see how the project can cooperate and potentially, at least in the downstream, come together. that will save money and capital costs, and we -- think it will accelerate development and make it easier to develop in a challenging gas and oil price world. rishaad: peter, absolutely. you mentioned toe tell there. have you been talking to them? >> of course. we are -- they are a backer of our regional transaction. we have a strong relationship with them. i believe they made an announcement today saying they will maintain their capital discipline around the project and what they put on the table with us was, in their view, fair value. we have we have both, both said we were seeking ioperation with png lng, and think the deal has been the catalyst for that cooperation, a dialogue to start with exxon gbil now coming into toppling , that underscores the deal -- our efforts. is very wellink it that the

the pink line here at the top is exxon mobil.e have seen valuation, at least on an estimated pe basis go higher. we have microsoft as the white line. chubb is the aqua line. jpmorgan, all the way down there is the, sort of, purple line. mr. holland: with the lowest multiple. julie: we have seen a languishing of bank multiples. the one that stands out to me is exxon mobil, as you would imagine. the dividend yield is relatively high, yes, but it is trading at a premium to the market and its peers, for that matter. mr. holland: so how did i own it -- why would i ever owned it? julie: that does my job for me, mike. mr. holland: it is one of the best managed copies in the world. i have been them with -- as an investor for many years. i have found that in times like this when they are under pressure because of the commodities crisis and what is going on in their industry they find other ways to pay upward. they have a 50-year horizon. they think of 50. as a property, business, do i want to be an owner when the stock prices under pressu

it is those low oil prices in fact, exxon mobil reported its smallest profit since '99. chevron rose. jackie deangeles has more on big oil's big miss. zpl the main issue for exxon mobil and other energy companies this quarter was international growth and continued low commodity prices even though crude got a slight bounce in the second quarter. the ceo is said the industry environment is volatile and the company is focusing on cost co. refining did help the bottom line even though margins were skeezed and the company will maintain its dividend. chevron earnings were a few cents chece also, the company maintained its payout of more than a dollar, but the energy majors have been cautious, signal iling a of the street. >> we remember what happened last year. fourth quarter and this year, first quarter. where demand bas and oil wasn't being used. oil's a seasonal market. once it ends, demand drives up. if you continue with the supply the way it is, you're going to 30 cos cuts are generally a positive in calling time, but there comes a point where only so much can be done and

exxon mobil posting the smallest profit since 1999.ld's biggest oil explorer says wildfires have ravaged the sense of western canada. lost $5.6and gas million a day during the quarter. as $3.6uld pay as much billion. sinclair broadcast group has settled the case with the fcc and will pay a fine. the matters involved include content broadcasts and technical issues related to local marketing. the sbc will issued license renewals. therapist all is -- ever" is 30 additional stores including locations in san francisco, myrtle beach south carolina, and nashville. the rich ellerson will ask the judge overseeing bankruptcy -- the retailer will ask the judge overseeing bankruptcy to cancel leases. that is your business flash update. amanda: the was economy rose less than forecast -- the u.s. economy rose less than forecast during the quarter. the underlying domestically generated growth in the u.s. is weakening of it, mainly because of electoral uncertainty. but it is not collapsing. we should expect growth somewhere below 2%. the u.s. is not g

exxon mobil, who is critical to cooperation, has come along and put a larger offer on the table.nk that a good value offer, if you consider is nowtion that inevitable. that largely delivers what we l deal,out of the interoi together,products reduce the time to market, and driving better economic outcome. many of the objectives we saw, and were seeking in the deal, could be achieved should exxon mobil conclude the deal. >> where does this leave you at the end of the day? with a very us healthy interest in png alan g, a good interest. an opportunity to drive cooperation between the project's for the next phase. we see at least two more trains this, and of hopefully, with minor appraisal success, a third train. right now, with us driving the cooperative agenda and exxon mobil in both sides of the projects, on all sides, we now see the next 12 months as considerable negotiation between all the parties to see how the projects can cooperate and potentially, at least in the downstream, come together. angie: coming up, suspicion grows that china is deliberately keeping the yuan low. we w

it is the weakest for exxon mobil since 1999, the time of the merger between exxon and mobil.akeaway. i think the analysts will be asking questions in exxon mobil, but also for chevron, about what is going to be the outlook for them in the second half of the year. both companies at the moment are failing to make enough money from their operations to pay for capex, and investment in new production facilities, and also paying shareholders. i give you a couple of numbers from the presentation of chevron. the conference call comes later today. in the first half of the year, chevron spent $14 billion in investment in projects and also paying shareholders. over that same period, they only made $5.1 billion. we see a huge gap in what chevron is able to make and what it is spending. >> as you look at the majors, talk about the reserve replacement ratio. who is managing the cycle currently? and managing to invest for the 10-20 years ahead for the company? >> none. not a single one. we are beginning to see these companies struggling, production coming down, and not one company is presen

amazon and facebook topping exxon mobile in market cap. the top five now all tech names. ames wall street likes now. explore that, and exxon badly missing profit estimates. is the stock still worth owns for its dividend? and the battle for your living room. set top box. is it heavy handed? backfiring? we're explore that. "halftime report," back right after this. >> announcer: the "halftime report" with scott wapner is the place for market-moving interviews. >> you don't call a company a sewer because the company made a mistake. >> announcer: real money -- >> we are short both tesla and solar city. >> announcer: -- real debates. >> people think that globalization has hurt businesses. it's not. it is technology that's hurt businesses. >> competition is a good thing. i don't want to go back to a single marketplace. >> announcer: the most profitable hour of the trading day. >> i love this show! all i do is get to tweet about this show! i'm on the show. >> announcer: the "halftime report." weekdays at noon eastern. >>> wack bok to the "halftime report." jon najarian seeing out

let's remind ourselves that that is the weakest for exxon mobil since 1999, the time of exxon mobil. chevron about what is going to be the outlook for their intake in the second half of the year. companies at the moment are failing to make enough money from their operations to pay for the investments in new production facilities and for paying into shareholders. a couple of numbers from the presentation of chevron, they had their conference call later today, the first part of the year chevron spent $14 billion in investment in projects and paying shareholders. over that same time, they made $5.1 billion. you can see a huge gap in what chevron makes in money and what it is spending. jonathan: to put that together, looking at the majors, talk about the reserve replacement ratio. who is managing to invest 10 to 20 years ahead? .avier: none i have been surprised by the results of big oil. total, butception is we are seeing real trouble with lower.ining market be we are the company is really struggling. coming down. not one company is presenting an outlook that you can see is conducive fo

to the deals, exxon mobil bidding $2.2 billion for papua new guinea's interoil corp saying exxon mobilas the superior oil bid after beating out an offer from oil shares limited. take a look at specialty chemical maker farrow, after reports say the company turned down acquisition officers offers because the offers were too low. the stock taking a sharp leg down again today. and i need to wrap it up with retail names. burlington actually coming out with guidance upping its guidance for both same-store sales and earnings. saying its earnings expected to be 28 and 30 cents from its prior 20 to 30 estimate. that also beats analyst expectations for 24 cents. crable sales for burlington between 4.2 and 4.5%. so that is better for them. hasbro under a little pressure after putting up a pretty good earnings report for both sales and profit. thanks in part to disney princess "frozen" and "star wars" and groupon getting an upgrade today. haven't heard that name in a while. overweight -- to overweight from neutral. piper jaffray says they're getting better at focusing the deals for the products as

>> the options market sim playing a 1.5% move from exxon mobile.t's in either direction and for chevron it's looking for a 2% move. stocks 1.5% to 2% on average for both of these names for a lot of you who trade the xle, they make up 30% of the weight of the etf. that's really important to focus on if that's your vehicle for trading crude. here's the chart of crude over the last two years. we were just talking about it before. this doesn't look like much, but we said it was down 20%. no one -- i don't think it's that important to say we're in a bear market in crude oil but if you care about technicals we're kind of getting to a level here. this is the breakout level and we reversed it. i think if crude oil has a three handle it starts to accelerate to the downside and being used as a proxy may be the thing we start to see beginning in the back half of 2016. real quickly, here's the two-year chart of exxon mobile here. it got up to about 93, 94 bucks. that was a level that, you know, found some support last year, so maybe we see consolidation at low

exxon mobil will buy enter oil in a deal valued at more than $2 billion.he deal is said to have been approved by the firm as exxon mobil will pay $45 per share plus additional cash. interoil owns one of the largest undeveloped gas fields in asia. david: a lockheed martin and boeing joint venture nearly doubled the lobbying money over the last few months. they have been fighting legislative restrictions on the use of russian rocket engines. vonnie: the pay-tv industry has new concerns about so-called cord cutters. programming blackouts and allowing customers to seek cheaper alternatives online. sling tv, its own streaming video service, starts at $20 per month. india, a billionaire his his goal to build chemical business tenfold over the next decade is still on track despite the slowdown. reporter began by asking him how he plans to continue the company's rapid growth? growthnically, by normal , and partly by inorganic growth , acquisition. now, i expect the economy will do exceedingly well. month --pecting good expecting monsoons. we are a reform of indire

exxon mobil has made a superior bid offering a fixed price of $45 a share.igher than a rival offer by oil search for the company's large natural gas reserves in papua new guinea. searches, $2.2 shares.bid offered 8.05 that is the bloomberg business flash. manus: thank you very much, let's switch years. the republican national convention kicks off today in cleveland, ohio. it comes after the presidential hopefuls donald trump announced his running mate at the weekend. he said that with his vp choice, indiana governor mike pence. they called for extreme vetting of people coming into the united states. their territories and terrorist states that we will not allow people to come into our country. we rethink called extreme vetting. they will be extreme vetting, we will have extreme vetting. we will know where they came from, and who they are. manus: we will know who you are, where you came from. margaret joins us from cleveland, margaret, what is trump actually proposing here? margaret: good morning. it is the question, it sounds like a reality tv show. it is pro

it is the weakest for exxon mobil since 1999. that is the big takeaway.lysts will be asking questions in exxon mobil but also for chevron about what is going to be the outlook in the second half of the year. both companies at the moment are failing to make enough money from their operations to pay for and investment in new production facilities and also paying shareholders. i will give you a couple of numbers from the presentation for chevron. year, first half of the chevron spent $14 billion in investment in projects and also paying shareholders. over that same time, they only made $1.5 billion. we see a huge drop in what chevron is able to make and what it is spending. >> as you look at the majors, talk about the reserve replacement ratio. >> absolutely none. we are beginning to see these companies struggling, production coming down, and not one company inpresenting in outlook -- outlook that is convincing for the second half of the year or the next few years i have. -- ahead. ♪ >> this is the market implied policy curve. this is what it was the day aft

jim, we could talk, mobile, exxon, chevron.on. >> i got to tell you, it's a tale of two sticities. i can't believe how much exxon used to make versus what they made. chevron, the charges are bad. the alphabet call last night by ruth was very, very strong. it said, look, we're going to cut back on expenses. on capital expepd churs. she didn't say that, but the number one very big. they make a lot of money. a lot more than people realize. it's selling at the same price as the average stock. much less than a clorox or a colgate. you just had the guest talk about oil being down. it's putting a damper on the market. europe seems to be doing better. >> let's go back to alphabet for a second. >> sure. >> what is going to change that is going to give it a difficult multiple? to the extent you're right, when are investors going to wake up and do something about snit. >> it was a mid teens grower. now it's a 20-plus grower. youtube has to start monetizing. both companies don't give you the transparency we would like. amazon says, we're a

the company cited oil prices same as exxon mobile with disappointing results.ompanies. we are in the bust part of it now. look, if you shook off brexit fears and oil volatility that has paid off for you and portfolio. july has been a month of record for both the dow and s&p closing at record-high seven times this month alone. let's get right to the floor show and all of our wonderful traders in the new york stock exchange. s&p hitting an layoff time high, dow on track for four-week winning streak. you could argue it's been swamped by the terrible gdp number, does that worry you for august as a trader? >> not really. hidden inside those horrible gdp numbers was a pretty good personal consumption expenditure number and if you have seen core retail sales for the last three months, they're pretty good, and we are still two weeks away from the retail part of earning season. as you get to the part of the earning season where you're going to be trading the tax, you might want to slight into the retailers into those numbers and get out of them right before the numbers

exxon mobil greeting to buy financial gas explorer enter oil. ing assets in popular new getting, and there had been a competing bid, so exxon will pay a $60 million breakup fee. we are watching these stocks as a result and we are watching shares of pandora today after the wall street journal reported liberty media made an informal offer to buy the company but pandora rejected it. $15 a share was the proposal. an informal proposal according to the wall street journal. andorra set to report its earnings after the close of trading. and we got a big headlines on health insurers today. health insurers in the news as the department of justice is suing to lock two big mergers in the health care industry. anthem's takeover of cigna and aetna's takeover of umana. the attorney general says it would raise health care costs and reduce choices for consumers. that company raising earnings forecast. all companies say they are going to fight his lawsuits but should mention sigma set -- cigna saying these -- umana saying they do not know when the deal will close.

exxon mobil posting it smallest profit since 1999.ildfires that ravaged the oilsands region of western canada and aging wells. wells lost an average of $5.6 million a day during the quarter. last week ask on agreed to pay $3.6 billion to papua new guinea for a focus gas explorer enter oil. pushing jeffn bezos higher. is now third place. that is ahead of warren buffett after gaining some $2.2 billion of the last two days. owns 82 million shares of the behemoth online retailer and is seen as increased wealth -- welding crease where than $6 billion in 2015. sony, which in years past has scaled back on businesses, pushed a surprise profit. it more than doubled operating income from the sale of playstation's and software. amanda: we went to reiterate we are watching hbe, hewlett-packard enterprises. a report coming across the screens that suggest that pe is mulling a buyout. the stock is fighting on an intraday basis. i think we have got it still at session highs. scarlet: is taking another leg of since he probably the headline. now of 6.8

exxon mobil. second best performing stock in the dow. up 22% year to date.ave your cake and eat it, too. you see the 200 week moving average. gave you the high on the break below and give yos tu low. clear trend reversal. 3% dividend. this is efg you're looking for. now, we move to apple. little bit of tails here, we're at the bottom. third worst performer, down 7%. samsung, big competitor. up 16%. what's the problem, apple? sitting here tat 200 week moving average. you're still 25% off the high, so in theory, the ndx is flat on a break jut to the high, so that's a bearish divergence and apple bears with the outperformance in samsung, so, we're worried here. on the next page. goldman sachs. we know that the dow is a funky index. this is is second biggest weighting. it's a $60 billion company. apple, exxon. five, six times the size, but yet this is the big boy. goldman sachs, double bottom here. it's not a good chart on the surface. still in the down trend. below the 200 day moving average. 83% of stocks and the dow we're above. when the zekd biggest stock in

companies, making it about the same size if not bigger, than exxon mobil. >> the key take away from facebook's earnings, the social network is growing across the board. the key metric showed facebook's gr in terms of revenue and earnings, as well as users. the company's average revenue per user grew to $3.82. more than a dollar more per user than a year ago. facebook cfo telling me that while facebook is seeing fwrout in facebook and instagram ads, there's really an across the board increase in demand for ad, particularly on mobile devices. he says it's still early days for facebook to maey see i that help it is the company maintain this fast pace of growth. i'm julia boorstin in menlo park, california. >> if so, should you get in on the stock now? an portfolio manager at -- investment, owns the stock and joins us now. good to have you with us. i look at the numbers here and just on the fan users. what's app, a billion users, facebook messenger, a billion an is this the one stoc if you're going to buy into this space, that you ought facebook it was not the first to marketh the social network,

. >> apple, coca-cola, exxon mobil, just a few of the big earnings reports ahead. a big week of earning season overall. over a third of s&p companies are set to release results. facebook, ford, mcdonald's and volkswagen also. the economic calendar are full. consumer confidence numbers out on tuesday. durable goods, pending home sales on wednesday and that's when we'll get the federal reserve's latest statement on interest rates and also expect no change in rates leading up to friday's big report, second quarter gdp report. matt damon is returning in the next "bourne" movie. he's earning $1 million per line for his performance. >>> it's not a bad morning to start. look at your temperatures across the region. lehigh valley mid 60s and pennsylvania suburbs sitting in the low 60s out there. so not a rough start. you see the seven day at the bottom of your screen. temperatures are hot each afternoon like we saw yesterday. now yesterday we had a quick cooldown with a few of those isolated thunderstorms that did turn severe. as soon as they moved out, we felt the heat pic

they are having a substantial effect on oil giants like chevron, united health and exxon mobil, beingragged down almost 1.5% on the market. u.s. stocks traded narrowly mixed throughout the day. a lot of attention to what will come out tomorrow with the all-important job report. these falling oil prices weighting down in wall street. a different story early in europe as you saw. a strong sign of backing for london as the world's principal financial center. banks osborne, six says they will keep it as the top spot. goldman sachs, bank of america, merrill lynch and j.p. morgan. the statement comes as there has been concern of thousands of jobs with investment banks may try to move to cities like frankfurt or paris. todayces were handed down for the manipulation case. inr men from barclays london were sentenced the multiple years in prison. it was used by banks to set prices on financial products and trillions of pounds in loans for households and companies worldwide. this is the first time anybody has been jailed in the scandal since the alleged ringleader was convicted last year. portug

apple ranks three, behind exxon mobile and walmart.pple was fifth last year andx$d now, san francisco based mckeson ranks fifth. the next california company to make athe list is chevron, based in san ramone, ranking number 14. >>> a girl who went to high school in napa is all grown up and on board the space station. what happened today that clears the way for her to make history in space. >> i don't have wings so i can't fly . >>> tonight, southwest airlines flights are getting back to normal after a glitch disrupted air traffic this afternoon. abc 7 news was at oakland airport this afternoon after the company website went down. the website was not working but air traffic resumed. be sure to check the status before leaving your house. >> birkenstock shoes are made in germany but the company's u.s. head quarters in novato. the ceo says selling on amazon jeopardizes its brand because of seller was counterfeit products and discounted prices. birkenstock will stop selling january 1. >>> san francisco based air bnb hired eric holder to redu

i think the last thing exxon-mobil will do is to cut their dividend. if you see that, that might be the -- >> i want to jump in. i interviewed the ceo of chevron, john watson, looked me right in the eye, not cutting the dividend. that's the reason people bought the stock for decades. >> they don't say not on my watch. >> agreed but there's a difference between not wanting to and not being able to and not to -- >> you have to have the cash from somewhere, either ultimately sell debt i guess if you had to. >> right now the options market is implying that these names are likely to cut in the same way that conoco already did. you look at exxon implying a 70 cent dividend. that's a good size cut. conoco cut from just over 70 cents before. bp at 40. chevron also looking at probably a 25 to 30% implied dividend cut. the fact of the matter is, once the first one breaks, it kind of opens the door. it's going to be -- to your point, exxon will be the last one that probably falls in this case because they actually have the best access to credit. but that doesn't

i think the last thing that exxon mobil will do is to cut their dividend. think they'll hell and high water before they do it. if you see that, that to me might be the exact. >> i interviewed the ceo of chevron a while back. looked me in the eye that's the reason have bought the stock. zpl they don't say not on my watch. >> right now, the options market is implying that these names are likely to cut in the same way that conoco did. i mean, you take a look at exxon. implying about a 70% dividend. that's a good sized cut. conoco already down at 24 cents because they cut. bp at 40. a 25% dividend cut there. chevron, also looking at probably a 25 to 30% implied dividend cut. the fact of the matter is once the first one breaks, it kind of opens the door. and it's going to be to your point, exxon's going to be the last one that probably falls in this case. because they have the best access to crede. you know, that doesn't necessarily protect them. if oil prices stay down here, it's not sustainable. >> that's the problem. >> and the reality is often we know histor

apple ranks three, behind exxon mobile and walmart.ndx$d now, san francisco based mckeson ranks fifth. the next california company to make athe list is chevron, based in san ramone, ranking number 14. >>> a girl who went to high school in napa is all grown up and on board the space station. what happened today that clears the way for her to make history in space. >> i don't have wings so i can't fly . >>> tonight, southwest airlines flights are getting back to normal after a glitch disrupted air traffic this afternoon. abc 7 news was at oakland airport this afternoon after the company website went down. the website was not working but air traffic resumed. be sure to check the status before leaving your house. >> birkenstock shoes are made in germany but the company's u.s. head quarters in novato. the ceo says selling on amazon jeopardizes its brand because of seller was counterfeit products and discounted prices. birkenstock will stop selling january 1. >>> san francisco based air bnb hired eric holder to reduce discrimination on its w

dow components chevron and exxon mobile report their quarterly results, and we'll also find out whetheronsumers are feeling more optimistic when the final july sentiment figure is released, and that, folks, is what to watch friday. >> japan's main stock index fell overnight ahead of an expected decision by the bank of japan. some expect the central bank to team up with the government and announce more extreme stimulus measures. prime minist shinzo abe has been trying to reflate his economy for years and part of that plan includes increasing the number of women managers in the workforce. akiko fujita has that part of the story for us fro >> reporter: from vines and twins in the ceiling to a rice paddy in the lobe, employment company persona doesn't resemble typical corporate japan and the ceo is no ordinary japanese boss. >> translator: when i was a student in colleges i saw how difficult it was for women to advance in society compared to men. even if they got full-time jobs, there would be a big disparity in pay. >> reporter: that convinced n ha mbu to start this company 40 years ago, t

exxon mobil bid $2.5 million for inter-oil. stripping in earlier joint bid.he managing director told bloomberg is not in the interest to pursue the deal further. >> that delivers what we actually wanted which was to big projects gree together and reduce the capital costs. any the objectives that we sought has been achieved already. >> elon musk has on failed his new master plan for tesla. electric buses and freight trucks. he's even planning a ridesharing business. plan wasawaited delivered on the tesla website. republican vice presidential candidate mike pence told the cleveland convention that hillary clinton is the status quo candidate while donald trump offers real change. pick to the a indiana governor to boost his stock with conservatives. ted cruz was booed off stage after failing to directly endorse the man who dubbed him ted.iolying angie: the turkish market hit all-time low as president erdogan announced a three-month state of emergency. explain exactly what erdogan has done. a three-month state of emergency. all five verses from within the armed fo

exxon mobil will buy inter oil thandeal bought at more $2.5 billion.l has been approved i the boards of both firms. adds to its successful pop a new guinea business. while caterpillar still has more than the combined sales of the two companies, the deal would give the manufacturer of the largest dependent maker of underground equipment and a means to better and peaked with caterpillar. david: it is day four of the republican national convention. speakingump will be tonight to accept the party's nomination for president. ted cruz is looking his wounds after he was booted during his speech last night. you, first of all, about what we can expect from donald trump tonight. he has become more fast silent reading from a teleprompter. can we expect a script tonight? >> it's going to be the biggest speech of his life. he will have a very prepared speech from the teleprompter. he is known to add live quite a bit and that is a big part of his charm. that is what the base likes about him so we can expect to see some of that but he will try to distill his main cam

exxon mobil has made a superior bid for inter-oil. this arrangement with exxon. inter-oil must also provide a minimum of three days to submit a revised offer. the company saying they are totally aware of these developments and are in an active dialogue. --agement is prejudice and i is presently considering their position. exxon mobil making a superior bid for inter-oil. coming up next, the yen has gone from best performer to july's worst. we will have more on those currency swings in your fx next. this is bloomberg. ♪ is monday, july 18, these are your fx headlines. encouraging from a risk appetite standpoint, moving back from safety. moving into the aussie dollar, recoupa managing to losses following one of its worst days on record. to the here and now, the kiwi de la rue first thing early gains. all itsdollar reversing early gains. cpi rose .4%, looking for .5%. as a result, the probability of a rate cut next month increased from 62% before the data came out to 72% haste on overnight index swaps. -- based on overnight index swaps. o

exxon mobile says its quarterly profit are at their lowest point in their combined history. had a loss of more than $4 billion and the low hest level since exxon and mobile merged back in 1999. the company still made $1.7 billion, throw, for the quarter. >> a husband and wife from central indiana are the winners of that $536 million mega millions jackpot from earlier this month. the couple wants to he remain anonymous so representatives from their family claimed that big check today. the winners have two children. today they bought the winning ticket. it was the first time that they had ever played mega millions. talk about some good luck. >>> they close to take that $271 million lump sum. >> beginners luck like none other. let's get another check of the accuweather forecast. >> all right, let's head over to adam who is watching how this friday and the weekend is planning to unfold, adam. >> not going to be so lucky over the weekend. we're not going get through it entirely dry. it's not a washout but at times expect heavy rain. live in ocean city a beautiful afternoon althou

lauren: dow components and big players and oil industry, exxon mobile and chevron expecting at $41 arel. investors will be watching refining business after last quarter's terrible results. nicole: all right, coming up, what make the democrats drink, what makes anybody drink? kennedy is on it and she try today find out. >> if i see a 6ers jersey i will assume it's sad, if i see a bernie sanders i assume it's sad. nicole: you're watching fbn:am, first look at morning markets and breaking news. lauren: good friday morning, a quarter past the hour here in new york. hillary clinton's big night at democratic national convention in philadelphia after being introduced by her daughter chelsea. clinton formerly accepted her party's nomination for president of the united states. two police officers were wounded in the shooting late last night in san diego, california. the wounded officers were taken to a hospital. their conditions are not yet known, one suspect is in custody, a seaÑ is on for -- search is on for the others. google quarterly profit up, amazon had another quarter of record profit

lower on a disappointing report, strong earnings pushing amazon and facebook higher briefly passing exxon mobilmarket. speaking of low oil prices closing the day moment ago actually up a bit. "the intelligence report" will be right back and we will talk about how black lives matter protesters showed their contempt for the police during what was supposed to be a powerful moment of silence. trish: democrats were trying to show solidarity with police during the convention on the last night, what should have been a moment of silence for those fallen police officers was instead interrupted by this. watch. >> please help me in honor of all-american fallen officers with a moment of silence. >> black lives matter! trish: inappropriate. former black panther leader turned conservative activist mason weaver joined me now. this party is struggling with this issue. there they were trying to have a moment of silence but many supporters in the audience of the democratic party didn't go along with it. how are we ever going to heal as a country, as a nation, if we don't recognize the sacrifices police are makin

exxon mobil is close to making a takeover proposal for inter-oil, according to a person familiar withr. inter-oil owns trillions of cubic feet of natural gas discoveries in poppa new guinea. itsit squeeze has changed -- credit suisse has changed its compensation structure, eliminating the so-called undernces that have come regulatory scrutiny. other lenders have made similar was wants his those rules. joe? joe: "what'd you miss?" europe's top banking mines gathered in a brexit themed conference. caroline was in frankfurt or with ok who simply andreas. >> negotiations have not even started. what we really shouldn't be doing is prejudging. i also don't think it would be a good thing for us to educate the united kingdom. we just wait, we see, and we observe. i say that about the speech tonight. we have nothing against the british banking system. we have worked with it for such a long time. should there be gaps because a regulatory or other decisions, we will see that nothing will happen soon. >> what about the regulatory perspective of outside the eu? is that something that will continue

inventory report, the latest things to be exxon mobill -- does not have to collect on those oil shipmentsdatae latest oil today which shows rates in the u.s. climbed for the third straight week. one oil trader calls it -- a lot of bullish and bearish counter currents. want to check on jolt. -- want to check on gold. gold down 2.2% on the week as we've seen stocks rise for most of the week. less appetite for hedging against risk. that means gold had its first weekly loss since may. also, natural gas was notable this week. week since march , it's bestp 5.5% week since march. one of the metals that tends to benefit -- we got data out of china on gdp rising more than estimated. david: let's check on the headlines. markup and has more from the newsroom. -- mark crumpton. mark: 84 people were killed it when a truck rammed a crowd celebrating bastille day in nice big. >> the whole world knows, however, that we are a strong country able to overcome whatever is thrown at us. and we have had to face a number arehese actions, but we showing a great example for the rest of the world because we have b

in the last three months exxon mobil spent 1.25 biless on capital projects.vron spent almost a billion less than it did last year at this time. all the lost jobs. construction jobs, they pay a lot of money. big business in general, not going to make any investment to rules, regulations, fines. who would build a factory you had to pay fines for. but the consumer won't keep the economy in tipping up to a recession. people are punishing their house and one of the big winners is ethan allen. take a look at the chart. it recently broke out and it's going to continue to move much, much higher. meanwhile the rally in general, you have got some key support point. those parameters are on my website. w street.com. you don't want to miss fox business' brand-new show, "wall street week." let me give you a special peek. >> we have had a consumer-driven country. we think wealthy are getting wealthy that they spend money and spread the wealth. that hasn't worked the last decade because at the end of the day we are having struggling post recovery to get the real jobs. charle