even today exxon mobile is having a shareholder meeting where there was a shareholder movement to try to get the company to game out, to stress test what climate change will mean for its business. so companies say they see this as a reality and are moving forward to try to figure out how to deal with a world in which climate change is a top priority. the white house moving in the opposition direction. six million jobs would be killed in the u.s. if we stay in the paris accords. but there are other economists who say, you know, you are talking about old industry jobs at a time we should be talking about building new industries. >> christine romans thanks so much. want to talk more about this now. joining us arol lewis, matt lewis and evo. guys, there are implications here, as well as implications for planet earth around hopefully we'll get to each and every aspect of it. first to you, president trump returns from a nieb-day overseas trip with nations who are going to look at this decision with great scorn, i think. >> yeah. i think this is a double whammy in some ways. first he goes to

i just interviewed at the people's climate march, marra healey, suing exxon mobil. they did the best research on climate change. they knew early on how serious it was. then covered it up. so you have rex tillerson, secretary of state. scott pruett, former oklahoma attorney general with which sued the epa 14 times. this is a land -- oklahoma didn't used to be -- a land of earthquakes because of fracking. when governor perry stepped down as governor, he immediately went on the board of energy transfer partners, only stepped down to become secretary of energy. yes, these are very powerful positions. and they are doing a lot right now. one of the first actions of president trump was to issue an executive order saying they would grant the permit for the dakota access pipeline, to tunnel under the missouri river, which was the final connecting of the pipeline, what the standing rock sioux have been resisting for so many months. so many hundreds of people got arrested over this. president obama in the last weeks of his administration put a stop to this, said they would tal

but then rex tillerson, the former head of exxon mobile basically being in charge of our foreign policy. we basically have a government right now that works for the oil industry. is the storyhink, of the first 100 days. and then i think the other story , the other side to that, though, is that that agenda is extremely unpopular with the american people. that's why donald trump lost the popular vote and that's why hundreds of thousands of people rallying at the women's march and then also weekend at the people's climate march. so this really incredible loy un and extreme agenda donald trump is pushinged for and then the america fighting pack. host: and you were at the washington dc climate march. of 200,000mates people here in washington, d.c. with rallies also across the country. far-exceeded expectations on a swelteringly hot day, incredibly too hot for april, you know, 90- plus degrees. vibrant and exciting. people were very clear. they want environmental protection and they want climate action. host: we're talking with ben schreiber. questions or comments as we talk about climate cha

exxon mobil -- there might be a conflict at some point but there are ways to deal with this and it almost always involve disclosure. it is so the american people can see and it involves things like recusing yourself from areas where you may have conflict of interest. it is important because this administration got off on the onwrong foot. the president decided not to disclose his tax returns, and the reason that is important is because there's nothing illegal about borrowing money from this with that person, but you need to tell people where you have have beens, who you associated with so as citizens and a democracy, they can understand you might have a conflict of interest. when you do not disclose, like the president chose not to do, some people may think the case is a lot worse. in the case of this administration, they kick this off in the wrong way by saying we are not going to tell you who we have been associated with, we borrowed money with, how we make money comes of that has been a sad thing for the country. alwaysim himes, we appreciate the conversation. thank you. when

it starts with scott pruitt and rex tiller's and, the former head of exxon mobil in charge of our foreign policy. we basically have a government t that works for oil industry. i think that's the story of the first 100 days. the other story and that agenda is extremely unpopular with the american people. that's why donald trump lost the popular vote and why we are seeing hunts to peopleleme rallying at the women's march and also this weekend at the people's claimant march. this extreme agenda that he's pushing forward and americans are fighting back.e >> host: you were at the washington d.c. claimant march. tell me about that. >> guest: it was a great event. estimates of 200,000 people here in washington d.c. with rallies across the country and it far exceeded expectationsy on what was a sweltering hot day, especially for april. it was 90 plus degrees but it was vibrant. people are clear they want environment protection. >> host: if you have questions or comments as we talk about climate change, phone lines are open. i you can start calling in now. f i want to start talking about a new boo

this is a man who had been the head of exxon mobile who dealt extensively in the arab world and said, this was his first trip to israel. it's quite interesting that rex tillerson is front and center has never been to israel before. because as head of the oil company and someone who spent his entire career at exxon mobile was always dealing with the arab world and therefore thought with israel. remarkal. >> as you mentioned rex tillerson having to work on the relationships on the israeli side, jared kushner has very close tied the israeli leadership now has to build his relationship on the palestinian side as he becomes a central figure in these toalks the american president wants to jump start. you see them walking down to the red carpet. we're expecting them to make brief remarks. we'll take a listen to those when they approach that. >> and you didn't hear from president trump much. he made a few brief remarks there. but before that address, he made very brief remarks on that very first day. so wondering how much and how often if he's in on the ground there. >> obviously there's goi

document related to his interactions with the department about russia during his time as the ceo at exxon mobil. they said in a need to protect internal deliberations as a need to withholding the information. it was made in response to a freedom of information act request and by the network in december. times,rom the new york it is related to the former congressman anthony weiner. -- the that he will former congressman, whose sexting scandals ended his career, is to appear in federal court in manhattan today to enter a guilty plea. the information hasn't been made twoic but it was related to people who have been briefed on the matter and asked not to be identified. withll be facing charges united states attorney office in manhattan. when of the people said he surrendered to the fbi early this morning. -- one of the people said he surrendered to the fbi early this morning. josephine, you are on-there. caller: good morning. my biggest concern today is the respect that people do not have put the news media. they keep saying the liberal media. 90% of the liberal media is owned by republicans. we ar

business leaders including exxon/mobil and tesla's ceo elon musk have urged the president to remain aof that deal. this comes as more of the president's associates are being caught up in the russia investigation. new subpoenas just issued a short time ago. abc7 news reporter lana zach joins us live from washington, d.c. with the story. lana? >> reporter: hi there, larry. several new subpoenas coming from congress from it appears congressman devin nunes who recused himself from the russia investigation. so, there are a lot of kbez about that right now. and white house press spokesman sean spicer was asked several questions about that russia investigation. he declined largely to answer saying now all of those questions should be referred to outside counsel. democrats are pushing back on allegations that they are delaying the public testimony of carter page. a former foreign policy advisor for the trump campaign. page sent a letter to the intelligence committee reiterating his eagerness to have an open meeting to address what he called false or misleading testimony about him. the preside

. >> the ceos of exxon mobil, dow chemical and tesla urge trump to remain in the agreement. elon musk threatened to quit white house advisory councils he sits on if the president pulls out. he tweeted we will have no choice but to the park councils in that case. other ceos have called on trump to stick to the climate deal. they are afraid of the negative consequences of nonparticipation. >> let's get the reaction from wall street. standing by, what are traders making of the plan to pull out of the climate agreement potentially? >> we had some surprising and not so surprising reactions. we had stocks from solar companies, from renewable energy firms trading to the downside at coal stocks they suffered quite a bit. the fear is that if only the u.s. gets out of the paris plan the reputation of coal may suffer further. coal companies in general were hoping to promote for clean coal as much is possible. if donald trump were to decide to get out of the paris agreement it could be a lose lose situation for the broader u.s. economy. >> what will that mean for the industries? surely

>> if you have a big pool, think about exxon mobile which probably has about 50,000 em moi yees and they are all in this plan with their families and spouse and children. if 20 people get liver transplants or other expensive illnesses it doesn't matter. within that big 50,000 risk pool, the expense that is associated with a very expensive procedure is spread out among the many, the younger, the healthier. if we could expand the risk pool, we take care of those with pre-existing conditions. i do think we should take care of those with pre-existing conditions. there should be a guaranteed issue and the way you adjust that cost is to absorb in a large pool, just as i just described for exxon mobile. >> guaranteeing coverage or some kind of plan or they can't be excluded because they had pre-existing is different than guaranteeing an affordable rate. is the idea that people with pre-existing conditions could be charged higher premiums than other folks, is that a nonstarter for you as you look forward? >> in the patient freedom act, we actually allow -- have community rating, if you will. tho

exxon mobil is the largest single investor. the kingdom of saudi arabia has been a good home for american investment. american investors have transfer technology to the kingdom or provided jobs, who have helped small and midsize businesses gain work and technology and jobs. this is very good. the vision and economic ,greements that were signed they will increase american investment and will provide more opportunity for saudi individuals and medium-size businesses to benefit from those investments including technology transfer as american people will benefit from saudi investments in the united states which will again provide hundreds of thousands of jobs. i have -- this is a truly historic summit. this is a turning point in the relationship that will take it from a strategic relationship and partnership towards a truly strategic relationship and partnership. >> last question. say if rouhani will change anything and i ran? would you be able to say, does the white house know who the person of interest in being investigated in the

companies like exxon mobil and shall have weighed in on support of the deal.eporter in washington on the u.s. possibly pulling out of the paris accord. julia: let's get perspective on that accord and what that means for energy. is the managing director of clearview energy partners. great to have you on the show. there is a problem here with donald trump, he made the promise on the campaign trail that he would pull united states out of the paris accord that he will have a u-turn if he decides to remain in it, how much do you think that will factor into his decision as he is learning what the implication means? you for having me. i think the credibility issues significant less than any other president. i think what he does have is a intellectual consistency argument, is he going to be engaged in the world as a activist at the table projecting power and economic might or is he going to be with trying to a more passive posture. i think there is going to be a consistency issue in the sense that he just reasserts the u.s. on the world stage and will be then retreat?

they have concerns about secretary of state rex tillerson who is a former executive -- forehead of exxon mobil and they don't like the fact that he is representing the united states. >>> it is now 416. let's check in with sal for a very early look at the friday morning can mute. -- commute.>>> i feel like we are already at work.>>some of the youngsters are just getting in from last night. anyway, right now it does look good out there. if you are driving on northbound 101, gilroy to san jose and to drive into morgan here, it is looking good. there are no major problems on the gilroy super to meet into san jose. it looks pretty good in san jose itself. this is 280 in san jose. it continues to look very good. northbound 280 all the way up to cupertino. you're off to a good start. there is very little delay at the bay bridge toll plaza. for the most part, it has been a very nice and dry. it is uneventful and that is very good and that's what we like. let's go to steve. instrument when we put that out there, did someone write you on twitter and say i want you to do this before i go to sleep? [ laug

exxon mobil is the largest single investor. the kingdom of saudi arabia has been a good home for american investment. american investors have transfer technology to the kingdom or provided jobs, who have helped small and midsize businesses gain work and technology and jobs. this is very good. the vision and economic ,greements that were signed they will increase american investment and will provide more opportunity for saudi individuals and medium-size businesses to benefit from those investments including technology transfer as american people will benefit from saudi investments in the united states which will again provide hundreds of thousands of jobs. i have -- this is a truly historic summit. this is a turning point in the relationship that will take it from a strategic relationship and partnership towards a truly strategic relationship and partnership. >> last question. say if rouhani will change anything and i ran? would you be able to say, does the white house know who the person of interest in being investigated in the

now they are saying rex tillerson, exxon mobil for 45 they just gave him a trip to siberia or something. every day they have more and more people in this conspiracy, collusion, whatever. it's a bunch of junk. the united states has been overthrowing governments for alls, starting with iran, the way through to south vietnam, panama, el salvador, and their are probably 20 or 30 more. we want to take this high and mighty road that we are above this stuff? give me a break. host: it's a great point. the united states has been helping to overthrow governments around the world. ofticularly in the aftermath world war ii. shortly after the end of the war, the cia dumped enormous amounts of cash into the italian election in order to prevent a communist electoral win. that was what could now be described as an active measure campaign to try to aid one candidate at the expense of another. the united states is now absolutely getting a taste of something similar. no country has ever been as susceptible as russia was in the most recent election in trying to influence the conversation can set the agenda

vonnie:ank remember -- remember when it was a big deal when apple went over exxon mobil?s twice as much. exxon is tied to the oil price and we have seen all types of fluctuations not only with opec but the way shell and outaffected pricing the will and google and microsoft and all the tech companies have a predictable business model to tie people into the ecosystem. not only do they buy in iphone and thatup to itunes makes it harder for you to trade in your iphone for an android device because you have so much data in the ios stop that encourages people in it is about acquiring new customers and not only retaining existing ones. vonnie: any other companies that might still the crown from apple? market,it comes to expectations it happens next year and late last year, google was challenging for the crown. did -- googleopal did. long distance, about $100 billion now. not an easy thing to catch up. let's see what comes out of saudi arabia. vonnie: yes, a massive deal but a lot of things to consider, like the amount of shares outstanding and each h-share possesses. where there

the 45 companies including boeing, exxon mobil and morgan stanley in there. potentially talking even more money making deals. with the gamesmanship and the gotcha politics. when will the democrats learn. let's have your own blake burman. he has the latest of what to expect blake, did you hear that. this is an extensive interpreter over nine plus days. there is to be a lot on the president's plate. over the atlantic headed to saudi arabia. you can really break this trip up into two different ways. it will be meeting with the world leaders of three of the most dominant religions and then he moves on to brussels and then after that it is a g7 summit. as the president is in the air the storyline and the narrative was supposed to be shifting to foreign policy however the russian investigation continues to trail the president as airports one was just up in the air. there were two separate stories posted within minutes of each other that are creating headlines. they are looking into whether there was any cooperation they had identified a person is currently working

exxon mobil and petrobras discussing a partnership that could involve multiple assets in brazil and elsewhere would give exxon access to oil fields and infrastructure in brazil, while petrobras would gain expertise in production and refining. they are looking at brazil after the government opened it up -- the market up to competition. says it expects a first-quarter loss of $130 million because of wrong way bets on coal. it was once the largest commodity trader in asia but has faced years of falling profits and credit rating cuts. it has been a tactic for -- for tax for accounting practices. rishaad: let's look at the commodities index. it has fallen 6% this year, metals leading losses, a torrid .ime, and oil as well essentially this is what we have, you just see the s&p go up and up and up, but at the same time, well, look at this, look at the bloomberg commodities index. it has full and back. who better to talk to about this is greg smith. how are you reading this? you can be a contrarian at times. is this a buying opportunity? day, make. isn't that a fabulous chart. buy low, sell high. if

facebook and exxon mobil with .hareholder meetings haidi: some other movies i have not seen.hank you for that. we did sitt down, or down with the prime minister of vietnam. his confidence his economy is on target. economistna chief helps us break down the g-7 meeting and look to the e.u.-china summit. this is bloomberg. ♪ ♪ betty: we are counting down to the sydney open. sydney users are up 0.1%. we have a lot of data to get through and movements not just in u.s. trade but also in asia. and watch out for another big settlement that the world will be watching, the e.u.-china summit in brussels. all.is likely i am betty liu in new york. haidi: i am haidi lun in what you can see is a beautiful morning in sydney. be filledek bound to with news, but it will be a volume light session ahead. we have china, the u.k. and the u.s. close for holiday. a quick reminder of friday, up 0.7%. we had the selloff in oil. that really weighed on energy material resources on the asx. 0.1%. seeing futures up president trump is back in the white house after the first foreign trip that divided allies

. >> the oil man from exxon mobile is one of the people that are advocating to stay with the deal. >> absolutely, you have people like the secretary of state, you have ores widely reported to have made their voices to stay in. others pushing to do what they said they would do i note that the president indicated that maybe he would be open to finding compromise. on the second point, you have seen this president weigh desions in this manner the way she doing this right now, andrea. >> we'll talk more about the white house ins and outs, i want to bring in ann thompson. how would it work and how would it work if the world's tect largest polluter backs out of it. >> the last three years have been the hottest years on record. it is signed by 195 countries including the u.s., and it keeps the temperature from riding more than 3.6 degrees fahrenheit, and it does that by reducing ar bon emissions. they agree to increase them 26% in 2025. we're almost halfway to that goal. the epa says that the u.s. reduced their carbon emissions by 11.5%. and that was gone as they turned away from coal and wen

these are some of the companies that are involved, ge, exxon mobil, lockheed martin.ng across, materials, industrials, energy, a plethora of defense stocks. let me look through some of these most important ones. general electric, $15 billion deal, part of the kingdom's effort to diversify away from oil, improving the power grid is what they are trying to do as well as energy capabilities. billion ist $7 coming from specific goods and services from general electric itself. you saw lockheed martin. the number was about $6 billion. that deal, 150 black hawk helicopters within the country. that is supposed to let 450 new jobs to the kingdom. lockheed martin also has an expression of intent from saudi arabia for more than $20 billion in terms of other things including air and missile defense and combat ships. you saw raytheon is going to be establishing a new branch in saudi arabia called raytheon arabia. it is the first time it is happening. they will create a localized defense and aerospace security based in riyadh. electric deals in armored combat vehicles, tanks, the d

meeting with sergei lavrov and with vladimir putin, a man he knew from his old days as head of exxon—mobilse meetings. so you have these two sides, afairamount meetings. so you have these two sides, a fair amount of talk about the relationship but we're waiting for the meet, to see for example will the us supported the russian plan for de—escalation zones in syria. will there be any movement on sanctions, will the two countries confront isis, a stated aim of both. we've heard the talk, we wait to see what happens if and when there is the walk. i'm joined now by charles kupchan the former director of european affairs at the national security council under president obama. what did you make of sevilla blair—brown and his meeting with donald trump this morning and his fulsome praise of this administration on this particular day? —— sergei lavrov. administration on this particular day? -- sergei lavrov. the timing of strange in the sense that firing comey the evening before you bring sergei lavrov into the oval office just puts more and more light and suspicion on this whole question of what w

as i said we'll off the lows leading 30 with exxon mobil and caterpillar is really not far behind.he shares are surging after an upgrade from bank of america. it's a way to get to the multiple beat. it's all according to america. they've said over and over again that obama care is dined gerri willis is here to show us the latest nail and the coffin. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. on a perfect car, then smash it into a tree. your insurance company raises your rates... maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. liberty mutual insurance. due to your first accident. hidden in every swing, every chip, and every putt, is data that can make the difference between winning and losing. the microsoft cloud helps the pga tour turn countless points of data into insights that transform their business and will enhance

things that were announced and referred to yesterday by rex tillerson, of course, the former ceo of exxon mobile. you'll have the fossil fuel crowd in america. you'll have some on the jobs side tied to this. it's a cynical side, if you will. not necessarily the kind of industries, information industry we're talking act, but that will be an element of it. i think broadly in terms of the human rights issues, an element where we've seen excerpts of the speech donald trump is going to give today. in the speech he says we're not here to lecture you, to tell you how to live and what to do. we'll have a principled realism in our approach. i find that are remarkable approach. we do have concerns about human rights. he's been meeting leaders of states where they engage in muslim beheadings. the suppression of minorities and the suppression of democratic activists and various other groups inside these countries. and we're not saying anything about those. donald trump is basically ak -- >> isn't that a very serious questionable disay of havior, to come out and say we're not going to lecture you, we're not

think about exxon mobil. they have probably 50,000 employees. if one person gets a liver transplant, it doesn't affect everybody else's rates. there's so many people insuranced, it's a blip in terms of the overall cost. >> neil: but it's still a lot. so a lot of people are looking to this republican effort, you know, it's still going to be a pretty big government program. that might be all well and good and the president i understand, sir, has been telling people that it's not going to be nearly as bad as obamacare and it will be smaller, leaner and more effective than the president's affordable care act. do you think that will be the case? >> i don't know the final version. i can't comment on that. is $8 billion enough? it's hard to say without a cbo score. on the other hand -- >> neil: you won't get a cbo score. they're going to vote on it without that. >> yeah, the house will vote without it. obviously i'm sure some people are objecting because of that. i will say that society will pay for healthcare. so it's better -- i'm a consider. as long

that's why exxon-mobil came up with a way to ease that burden with mobil 1 annual protection a producteve something remarkable. >> esteemed judges. my invention will allow man to travel through time. thereby traversing the spacetime continuum. >> judges, why travel through time when you can get time back by using new mobile 1 annual protection, protecting your engine for one full year with only one oil change. that's right. >> congratulations: guillermo, you have won the international prize for scientific science. >> i am so proud of you. here, have some snacks. from the future. >> wow, what is this? >> we call it beef jerky. >> amazing. >> dicky: to learn more head to mobile1.com/annualprotection, or visit your local participating retailer. >> jimmy: we will be right back with ariel winter! get whatat olive garden.ss new early dinner duos for just $8.99. choose from over 50 delicious combinations. and all the salad and breadsticks you want. from 3-5 monday through thursday. hurry in, it's early dinner duos. only at olive garden. ooh, is that a galaxy s8? a world traveler, start by...

we will air highlights from the date and here from the state attorney general suing exxon mobil as well as u.s. senator's pushing for a fossil free future. >> the koch brothers must be sent a message that their science, which donald trump has adopted, is just as bogus as a jury agreed from trump in diversity. amy: we will also hear from indigenous leaders fighting to protect the planet. >> maybe we as original people of the united states and people in canada, alaska, maybe it is time to exercise our sovereignty and our self-determination and serve papers on this president to deport him from this country because the laws that he is representing are not the natural laws that we are taught as native people. amy: from the street of the people's climate march and washington, d.c., all that and more, coming up. welcome to democracy now!, democracynow.org, the war and peace report. i'm amy goodman. hundreds of thousands, if not more than a million people poured into the streets around , the world on saturday for a global people's climate march, which coincided with president trump's 100th day

fast forward to 2009, exxon mobil was 5%.say apple has historical precedent to get even bigger. some bears say we're due for a stall. there's little doubt apple is the biggest influence on the overall stock market. back over to you guys. >> thank you, dom chu. is apple easy money? the valuation is not as high as an amazon or some of the other hoy flying tech stocks out there. tim, is this a slam dunk? >> no, it's not easy money at all. it's difficult money. here's what's being treated, where the growth prospect, if you think about apple's growth margins, that they now have 70% of the market for phones above $500. which means that they are taking market share in these exclusive very glammed out phones they'll continue to do it. they're slipping in china, where in fact the phones are cheap and it doesn't really matter. they've held on to the whole concept of, we're going to protect gross margins and protect the asp, and they're growing there. $300 billion in market cap in the last year. >> trading like a fang stock. >> so it's

tillerson's former company, oil giant exxon mobil, joined a litany of other companies urging the presidentstay in the deal. exxon described it as an "effective framework" to address the risks of climate change. but other voices urged withdrawal, including chief strategist stephen bannon. as did 22 republican senators, including majority leader mitch mcconell, who said that it was an important part of rescinding president obama's "clean power plan"-- which has long been the target of republican lawmakers. the trump administration also took aim today at another rule on greenhouse gases-- specifically, methane emissions. the e.p.a. is stopping an obama administration rule that would cut down on methane leaks and pollution from oil and natural gas drilling wells. let's look at what's at stake if the president opts out of the paris accord. michael oppenheimer is a professor of geosciences and international affairs in the woodrow wilson school at princeton university. he has been a long-time participant in the u.n. panel on climate change, which produced reports on the subject and won a nobel pr

exxon mobil got booted out of the top five. it's the companies invest ng futures that people want to invest. >> take a look at apple. why isn't that today's poster child? the growth hasn't been there. services is going to grow. >> where the fundamentals are. hold on. let me just finish. it's not a growth stock in terms, it will be again, just playing devil's advocate here. they've missed in my view, the 250 billion in cash has been a declining asset, a wasting asset. they're buying bonds with it. bonds yield nothing. you mean to tell me there's not something there who couldn't have come up with something to buy before elon musk got to tesla? >> how is is it a declining asset? >> tin terms of what their growh rate is. >> no, because apple has spent $36 billion on r and d over the last five years and frankly -- >> 250 there. what do they earn? on their business? >> no, no, no. on the bond portfolio, we agree there are better uses. >> that's what i'm saying. >> what they've decided was a combination of a dividend, a float shrink a

secretary of state, we saw a list of names seemingly out of nowhere rex tillerson, the ceo of exxon mobilewas named secretary of state. would it be a surprise if the president goes off this menu. here with us once again is cnn political commentator and ab kor for spectrum news anchor. we also just learned that mitch mcconnell, the majority leader, has invited the deputy attorney general to meet behind closed doors with all u.s. senators and broef them on the enormity of what's going on. >> e we saw last week there were so many questions from so many senators from both sides of the political aisle about how this went down. and what his role was in it. i think hopefully they will get their questions answered and get insight into that ourselves as a result of this briefing. but even though it's a closed door meeting, we could be sure it will be a circus on capitol hill. >> the president suggested he could nominate as early as this week even before he leaves on friday for this overseas trip. >> he's very fond, this is a holdover of his apprenticeship days that e he wants to make a big deal abo

and exxon mobile investors should vote against the companies executive compensation program.utite concerns bonus disclosures and the mismatch between pay and performance. and former ceo brexit tillerson tillersond out -- rex was singled out for his $2 million salary. is seeking to own as much as 25% of american express. expresses that berkshire is not buying additional shares, but as a flying to continue to retain the stock -- is applying to continue to retain the stock. 4.4 billionse of dollars of shares -- $4.4 billion of shares last year. that is your business flash update. still ahead, the commodities closing in new york, and oil prices up 5% this week. that is the best week of the year. they are really taking off the last three days of trading. oil now above $50 a barrel, and equities in the green all around after a bumpy week. this is bloomberg. ♪ from bloomberg world headquarters in midtown manhattan, this is bloomberg markets and i'm julia chatterley. 50 dollars apping barrel -- $50 a barrel for oil for the first time in months. analysts are optimistic that the cartel

x: at 8:30 exxon mobil will hold the new annual meeting. at 10:00 a.m., us home sales for the month of april. 2:00 p.m. the fed releases the book ahead of jobs friday and 3:00 president trump welcomes the prime minister of vietnam to the white house with trade on the agenda. jonathan: it has been a choppy session for sterling. a projection in the times shows theresa may's conservative party may miss winning a can -- a conservative party and face a hung parliament. study based on a new model and showed her party falling short of the majority by 16 seats. joining us from london is an morass thomas. great to have you with us on the program. break down the new study and the methodology and whether we should take this with a huge dose of salt. in britain has been in crisis. they have the brexit referendum in the last general election result. this study seeks to address some underlying problems in pulling. you can win a majority getting a majority of the popular vote so really elections are won and lost on 100 key constituencies. this poll tries

exxon mobil raising, along with the price of oil.ok at what has happened this year, you have had a switch. the s&p 500 growth index is an white. the s&p is the basement in yellow. the s&p value index is in blue. a lot of this has to do with technology in the app performance that group. julia: thanks. scarlet: let's get to one of the most widely read stories on the bloomberg u.s. prosecutors investigating one of wall street 's darkest markets, scrutinizing hedge funds that allegedly solicited bogus bond price quotes from brokers. isning us from san francisco matt robinson, a financial fund reporter. did us a sense of what we know about the extent of this probe. how wide ranging is it? are there big names? matt: the probe is looking at a lot of structured credit hedge funds that invest in illiquid bonds that rarely trade. there is a lot of wiggle room that hedge funds have in trying to figure out there valuation. they can go to some friendly brokers who can turn back prices to them in hopes of winning business. we know that multiple fu

shell and exxon mobil that engineer energy. scarlet: joining us from washington, thank you.ia: now here with us to talk more about this game about why she does not want to leave the paris agreement. she is the author of "the big pivot." thank you so much for joining us. i know you want to reiterate the point that we heard there that the business community seems to be i and large that against the decision to exit. >> it has been unbelievable to articles in the wall street journal to see the 30 ceos and i heard the conversation about companies that may seem tangential. i think the lesson is that there is nobody tangential to this. energy is a big part of the cost structure and value chain for almost every sector. scarlet: i am sorry to interrupt of a we want to go to the white house now where president trump is speaking. it is with a bilateral meeting with vietnam. he is talking about the u.s. and their major trade deficit with vietnam. again this comes on the heel of his visit with the prime minister of vietnam. let's listen in to what they have to say. >> [speaking vietnames

the denial of a waiver where exxon mobil can proceed with this joint exploration project that had been signed and begun before the outbreak of in ukraine.d you grade t they are heartened by the parts are of general flynn. steve bannon. beyond that, i don't know what to make of it. we have 5% of the course work in here. probably will should not go a lot in great length. what should come on in the senate investigation and the ongoing fbi inquiry into potential -- the possibility of collusion with russian intelligence with the russian government in the election itself. the hacking and timing of release of email to maximally embarrass the clinton campaign. you have been following it. without prejudging what might come out of them, although i would say lots of smoke and not much fire, everything hinges on that. never before in my memory has russia policy in the u.s. been so intimately tied to what happens in america's domestic policies and in washington. it is impossible to assess what he is doing out there. if those investigations were a smoking gun, then everything changes. if in fact all

you can see on the board, general electric, dow, exxon mobil, and a plethora of defense companies, notablyeed martin, raytheon, general dynamics. up to belectric comes one of the biggest winners here, $15 billion in terms of improving saudi arabia's power grid and energy capabilities. of that is coming in terms of goods and services directly from general electric. for theis a huge boom company there could lockheed martin is also a winner, six ian dollars in terms of building 150 100 50 black hop -- black hawk helicopters. lockheed martin saying saudi arabia has expressed an interest in not just the $6 billion deal, but something four times more, $28 billion in terms of air and defense missile systems, combat shifts, and raytheon another one. raytheon is saying it will not build anything, at least not yet, but will establish a new branch in saudi arabia called raytheon arabia. they will want to develop defense, aerospace come and security, and that will be based in riyadh. companiese many that,g, but not only there is the largest weapons deal in u.s. history rex tillerson said $109 billion

you can't run exxon mobil with negative capital. you can't run u.s. steel.oads. all these massive industries, really what the country was built on up until not that many years ago and now there's this huge shift to intangibles and they produce products that people love. so, i'm not saying this is in any way, you know, frivolous or anything of the sort this way but it makes a big difference when people talk about capital shortages and how we need you know to bring the money back to the -- there's a whole bunch of things that are sort of built -- built on this conception of how business was 50 years ago and sometimes it's useful for the people in those businesses, to sort of play up that fact and not what really has happened in the way of change. but it is a big change. >> you're talking also about the shift away from an industrial economy. away from more towards services, more towards blue collar -- or white collar jobs in many of these instances, too. >> if you can find businesses that don't take capital and earn a lot of money, that's how you can become ric

and so exxon mobil want aid waiver to go forward. they were denied. so those who want to see trump return to the center traditional foreign policy will also, of course, heartened by the departure of general flynn. the apparently lessened influence of stephen bannon. but beyond that, i don't know what to make of it and my grade is so provisional. we have like 5% of the course work in here. i probably shouldn't go on at great length. if you'll give me one more minute. i'd say the following. i'm waiting to see most importantly what comes from the house and senate intelligence community investigations and the on going fbi inquiry into potential, the possibility of collusion with russian intelligence with the russian government in the election itself. the hacking and timing of the releasest e-mails to embarrass the clinton campaign. without prejudging what might come out of them although i would say lots of smoke, not much fire, ervverything hinges . that and never has russia policy been so tied to what happens in american domestic politics and what happen

exxon mobil and sabik of saudi arabia making the port of corpus christi the site for their new petro project choosing this port over other sites in texas and louisiana. the project expected to come online as soon as 2020 and create near ly 10,000 jobs in te process. here to give us the latest on the deal and the pulse of the economy, john larue. how did you win this deal? why were you better than the other ports they could have gone to? >> we have deep water in our port. we have natural gas, the feed stock they'll use in the process. we're in air attainment which is a big issue for petrochemical plants. they don't have to try to build their plants. >> i don't know what that means. >> it is air quality. most are in nonattainment, their air quality doesn't meet federal standards. if you're in that when you want to build a plant that will have some impact you have to meet a higher degree of federal standard from epa and usually what you have to do is go find another company that had something, they shut down, and they trade you or buy the credits. >> got it. and you have those credits.

the question is, should we begin, including oil company, exxon mobil.at do you think what she would be in the paris agreements, stay in or otherwise? >> thank you, senator merkley. i understand there is an ongoing discussion within the administration and within the interagency, continued participation in the first agreement. there are complex issues as you know better than i, including legal issues with respect to the article. i haven't been involved in this discussion but what i would say to you is my view as a general matter is that the united states is best served and its interest protected when it has a seat at the table. as a general matter. with respect to the paris agreement i haven't been involved in the discussions. i know that their ongoing but that's my general approach. >> that is the point the secretary of state has made, the point is arguing, and we should keep a seat at the table. in keeping a seat at the table we can either, since the agreements are nonbinding we can either seek to uphold the pledges were made or we can ignore those. if

that they have known each other for years because the largest foreign investor of saudi arabia is exxon mobilenary national security team including general mcmaster and general mattis and rex tillerson and it's that team which is set up, i think, maybe the most remarkable trip by an american president to the middle east. clayton: we are awaiting the president's remarks, it's going to be historic speech and we will carry it live for you, we are joined by the former speaker of the house newt gringrich. we know that the former head of the fbi james comey will testify now in front of the senate to speak for the first time and we have the special counsel now unfolding in robert mueller, what do you make of james comey testifying before the senate, what do you expect to hear? >> let me start and say, 90% of everything that you're describing is garbage. [laughter] >> it will not be remembered in history. it's garbage. there's a study out from harvard yesterday and the day before, one network was 93% negative about the president of the united states in the first four months. 93%. pete: cbs, cnn, fox n