but one corporation, exxon mobil, has been working to squash climate change legislation. exxon mobil lobbyist keith mccoy admitting what his company is up to. >> did we aggressively fight against some of the science, yes. did we join some of these shadow groups to work against some of the early efforts, yes, that's true. >> cnn's chief climate correspondent bill weir joins me now. keith mccoy thought he was in a job interview when he spilled the beans, including the fact that exxon mobil publicly supports a carbon tax, because it looks good. how is that going over in the climate policy community? >> reporter: oh, it's a bombshell, as you can imagine. we've never seen lobbyists of this level, these are veteran, high level lobbyists who have been on the hill for years, basically give away the recipe. and you can see by exxon's own financial disclosures that they spend more on advertising their innovative, you know, push to green energy than they do on actually investing in these things and they're still drilling like mad. but that -- i think the biggest newsworthy item out

even the bread and butter traditional infrastructure things, where republicans and exxon mobil and theseraditional infrastructure investments, where fossil fuels -- those are climate infrastructure, critical climate infrastructure because there is no piece of infrastructure that is not affected by the climate crisis. there is no part of the country that cannot be affected by the climate crisis. this is the terrain on which all politics is happening and we cannot ignore it. that is the reality we are living in. these are the things we had seen getting much worse in every part of the environment. esg is a technical term, environmental social and governance factors that his -- has evolved a bit in the last several years. that term traditionally referred to a investment where investors in companies like blackrock or vanguard, these big institutional investors, or people who are putting their money there to say, i want to make -- these funds that screen for these factors. with that transformed into with the rise of green vines, green bonds, a fleet of things not well defined, that transformed

you know, you so recently -- heard and saw the lobbyist for exxon mobil admitting -- i guess he did notlize the circumstances of the videotape. [laughs] but he just admitted that many of us have long known, there have been a lot of highly cynical greenwashing at exxon mobil. if you look at other large oil and gas companies, most of them do not include the full range of emissions in their pledges to go to net zero. some of them are focused on becoming a little more efficient in producing oil and gas, and that is an example of greenwashing. the european commission took a look at this and found on eu websites, a very large percentage of these statements are misleading. so it is buyer beware. we have to keep cracking down on this, and investors have a role to play. emily: one of the most important trends you would call out in terms of where the money is going. mr. gore: i mentioned one of them was the electricity generation, 90 percent last year was solar and wind, and the international oil agency projected in the months going forward, it will be 90%, so fossil fuel companies are losing tha

exxon mobil released this statement. d come investigative journalism project of greenpeace u.k. spoke to the two exxon lobbyists keith mccoy and dan easley after posing as corporate headhunter's. we go now to london where we are joined by charlie kronick, senior climate advisor at greenpeace u.k. quite something to get them so clearly putting this on the record, charlie. can you talk about what surprised you most and what you think is most significant about the revelations as they try to sell themselves over the effectiveness of how they have captured so many u.s. senators, key among them, joe manchin? >> i think the most amazing and surprising thing about these revelations is is anyone still surprised at what exxon is doing? i think the reality is, almost nothing has changed in the exxon playbook in terms of their appearance to what to be seen to be credible on climate change while at the same time spending an amazing amount of time, resources, to slow down progress on climate change at a time we have zero time left for

earlier, we had both exxon mobil and chevron sharply higher. both companies beat.xxon mobil putting up record quarterly profits. we have chevron reviving its buybacks. so i bit of a rough day here for earnings. dani: remarkable to see strong profit, yet at the same time, you have shares moving lower on some of those concerns. i take it that there is a moving situation when it comes to the city and what theatergoers are going to have to put up with. alix: this is a report from "the new york times," saying broadway is going to require vaccinations and that kids have a negative test. broadway was completely decimated by the pandemic. it is going to be really hard to started up anyways. requiring vaccinations, i can only imagine how brutal that is going to be. we will follow that as well. again, "the new york times" reporting that broadway is going to require vaccinations and for kids to have negative tests. pimco's vice president will be joining us next. this is bloomberg. ♪ ♪ dani: live from london, i'm dani burger, alongside alix steel in new york. this is "bloomber

exxon mobil posted the highest profit in two years. the energy giant's cash flow was lifted by surging demand for oil and gas. all of this cements exxon mobil's recovery from a period in which it burned almost $2 billion in cash. amazon faces the biggest european union find in history. the eu's data production walked job -- reduction watchdog has been hit with an $8 million penalty. amazon said the company is processing if personal data did not comply with regulations, and amazon says it will appeal the decision. go to bank has lost a string of wealth management executives for the last year. at least 10 senior bankers and numerous junior employees have left. global news 24 hours a day, on air and on bloomberg quicktake. i'm ritika gupta. >> we are looking for a pretty significant deceleration as we go into 2022. right now, 6.5 percent growth in q2, probably more than that in q3, but then we are at 1.5% to 2% by the second half of 2022, and that is partly because the return to full utilization in the service sector is a slow process. jo

you have exxon-mobil reporting on friday. mike, trade or fade exxon? >> fade it now that i figured out how to play this game here is the thing. exxon has some games of its own to play. so the thing is, here is a company that is trying to support the dividend, and pay down debt and it has to replace the reserves and it cannot do all three of those adequately with the cash flow that is not to say that the oil prices can't go higher but they are facing a trifecta of things to resolve so i'm going to fade exxon. >> what say you bronco, grasso >> i'm going to say trade this one. 54 has been support way back since march. way back since march so this one is definitely a trade for me i think this one is going to start rallying again and get back on the horse as my friend pete najarian would say. >> there you go. nice bronco pun. on deck. we know you're excited but maybe don't book that flight for a business trip just yet surprising results of one new travel survey ahead. >>> plus, starbucks surging to more records but something just happened that may make you

business, that should be good that is also tech but you hear from boeing, starbucks, caterpillar, exxon mobilby the end of the week will know how america's economic recovery is going. jack: people that cover the market will be tired we have to move on but one real quick if you're expecting rapture and we only get champagne and confetti, could that be bad news that maybe the market is into submitting too much good news. >> it would be bad news because a comparison could hardly be easier for the second quarter it was a disaster last year, the comparisons were more difficult everybody expects us to be the peak for the growth rate, it better be good, i'm saying rapture plus, what's better than rapture, i'm predicting that. jack: not so rapture when it comes to covid the delta variant much more contagious and numbers have been going up dramatically, what does that mean for us? >> it has worries about the pace of economic recovery. maybe a little bit found in monday's trade but you also see decisions of businesses and cities have made apple delaying its return to work by a month in austin consideri

you've got shares of exxon mobil and chevron up on the day.epurchase program those stocks certainly ones to watch here check out shares of capri. this is the company formerly known as michael coors they come out with better than expected profits and revenues. they've also boosted their full-year guidance for the second thiem year because of those stronger results those shares up 8% capri holdings one to watch as well as we do customarily in this hour, we give you a check on the top ticker searches on our website from the day before. the top four serges yesterday, amazon.com, no surprise there, robinhood markets of course with its public market day bow. the ten-year drops from number one to three and pinterest shares as well, those top four searches on cnbc.com from yesterday as well. so joe, that's stuff to watch in the premarket trade. i'll send things back over to you. >>> i got the same bet, an american wins a gold medal, what do you think >> it's an uphill battle right now, i think, right? sepp straka had a pretty good start. >> who's got

. >> exxon mobile has recruited a company outside the first time an inner circle of managers just afterthe -- setback. catherine nichols will join the oil giant as cfo month. she will be -- exxon's senior vice president. apple is pushing back its return to the office by at least a month to october at the earliest . the company is responding to a resurgence of covid variance across many countries. apple give its employees at least a months warning before mandating a return to offices. ibm is reported its biggest sales increase in three years, beating estimates on the back of demands for strong computing. revenue rose 3% in the second quarter, signaling the ceo to fitbit. >> a retreat and global stocks has extended in the asia section. there's a threat posed by the economic recovery from that spell -- friend of the delta variant. let's get to -- she joins us from singapore. u.s. equity market futures, we are moving into another day, another session. it has certainly been a rough time for risk assets. >> it has. it's a real question as to whether we have hit peak growth. it certainly has b

friday, we'll hear from ex exxon-mobil and chevron.hey're oil companies, but they're making an effort to offset the damage. they spent a great deal of time and money trying to shrink their carbon footprints. this will be the first since they lost a proxy contest with a bunch of environmentalists the earth is a happier place just when you think you finally made your way out, caterpillar reports. the stock has been down, but it makes me comfortable buying a little, right here, right now. one way or another, i think we'll reach herd immunity, and the economy will roar. this is the toughest week of the quarter when it comes to making informed financial decisions there's just not enough hours in the day. i left off half the companies i wanted to put on this board. and right now, it's the earnings that control the market. i wanted to go to charles in washington charles? >> caller: hi, jim how are you? >> the chill is fine what is going on >> caller: i've been watching you since kudlow and cramer. >> you must be 90. >> caller: and i'm a membe

exxon's board, and we certainly expect to hear and get more transparency and more communication from exxon mobild out many times in the days following that heated proxy fight and that loss, that one of the problems that exxon's current management faced was simply a long history of frustration. when it comes to that, morgan, a lot of it is going to be on carbon capture technology, on the progress that they are making towards more efficiency overall in terms of, you know, the so-called gaps and the solution set and carbon capture being a key one in getting be better acceptance hof that. >> it's fascinating to see what has been a paradigm shift for these energy companies both in terms of big oil names like exxon, for example, here in the u.s. i saw quite a number of the european companies that are focusing on new clean energy, alternative energy carbon capture technologies, which by the way is a key part of that infrastructure bill that is making its way through the senate right now while also just those permian producers, u.s. shale producers in general have really shifted from focusing on output

engine number one ceo spoke at the bloomberg sustainable business summit, fresh off the successful exxon mobilpaign to discuss the new etf and how investors can use their voting power to create change. >> one thing we can do is an economic and impact oriented activist campaign like we did with exxon. we have launched an etf. we launched this for people to stay invested in these big public companies over time. then we as the manager will vote actively. >> global news, 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. manus: thank. coming up, the eu unveils the details of its green deal. that will make the first net zero continent on the deal. this is bloomberg. ♪ manus: this is "bloomberg daybreak: europe." i'm manus cranny in dubai. the eu unveiled its plans to become the first carbon neutral continent by the middle of the century. big ambitions. maria tadeo joins us from brussels. this is undoubtedly a huge ambitious plan calling for -- what does it actually entail? maria: this is a huge proposal that the european

especially those who take a lot of money and have regular meetings with exxon mobil. our viewers can take part in this conversation and we will open up the regular lines. for democrats (202) 748-8000. for republicans (202) 748-8001. for independents (202) 748-8002. you can text us at (202) 748-8003. we are always reading on social media on facebook and facebook.com/c-span, also on twitter and instagram. kate, the infrastructure package in front of congress right now has money to build the national network of electric vehicle charging stations. they are going to purchase thousands of electric buses and upgrade the grid. is that good enough? caller: no. it's good. it's not good enough. especially if you look at the scale. electric vehicles are positive. we live in a country where a lot of people drive and people should have cleaner transportation options to get to work. but the american jobs plan mentioned that it would fund 500,000 electric vehicle charging station. that requires tens of billions of dollars. what we are getting in the most recent proposal was $7.5 bill

you are looking at above $77 on crude, providing a benefit to the energy stocks, including exxon mobila lot of shale companies doing well. the idea is that if opec puts a floor underneath prices, that will be good for everyone else. american air express getting the upgraded goldman sachs. those shares higher by about 2.5%. you want to know why? virgin galactic come i am told they are going to blast richard branson up to space in about five days time. those shares have been down about .5% over the last four days -- about 25% over the last four days. tom: let's get the calendar right. bezos is going up july 20. he's going to go up, enjoy space, come down. is it rude of me to say that mr. branson is frontrunning mr. bezos? romaine: well, mr. branson's scheduled flight was after bezos , but now it is this coming sunday, so there does appear to be a little bit of one-upsmanship among the two, two of the richest people out there. matt: i have to say come in either one of them is going into orbit, nor are they getting out. so what is the deal? romaine: i believe they will stay strapped in. bu

. >> exxon mobile insists its lobbying complies with all laws and this sting was a decades-long campaignoday that committee sent a letter to keith mccoy, the exxon lobbyist in question, requesting a transcribed letter under oath. the committee wants an answer by next monday. if they deny the request, a s&p subpoena could be around the corner. as rachel says, watch this space. that does it for us. we'll see you tomorrow. "way too early" is up next. >>> coronavirus cases are surging across the country and now some states and officials are rolling out vaccine mandates. with so many millions still unvaccinated t question is could this be a tipping point. >>> plus, the house committee investigating the deadly january 6th capitol riot will hold its first hearing this morning. the question is what will we hear from the officers who are set to testify? >>> and tennis star naomi osaka is eliminated from the tokyo olympics after an upset loss. now the question is who's going

the petrochemical division at exxon mobil is supercharging its financial turnaround.verlooked segment of the oil giant's business will probably post record high earnings this week because of the surging prices. demand for cracks such as packaging held up during the pandemic, and they have risen during the reopening. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm laura wright. this is bloomberg. ♪ >> you need to be thinking about what is that trend rate of growth after the deceleration, and the deceleration we are seeing, while we may have expected it, it is coming a little more quickly because of the rise of this delta variant. we will see ultimately summary acceleration in growth -- ultimately some re-acceleration in growth. jonathan: good to catch up with gene tannuzzo of columbia threadneedle. alongside tom keene and lisa abramowicz, i'm jonathan ferro. all-time highs going into tuesday on the s&p. a record on the nasdaq. we are down just six on the s&p. the nasdaq 10

amy: greenpeace has tricked a lobbyist at exxon mobil into sharing secrets about the oil company's efforts to fight climate initiatives in washington. the lobbyist, keith mccoy, spoke candidly about his work thinking he was speaking to a corporate headhunter. >> did we aggressively fight against some of the science? yes. did we hide our signs? absolutely not. did we join some of the shadow groups to work against some of the rly efforts? yes, that is true. amy: exxon lobbyist keith mccoy went on to tell greenpeace that exxon's support for a carbon tax is a public relations ploy because such a tax will never be implemented. he also identified 11 u.s. senators seen as crucial to exxon's lobbying efforts, including democratic senator joe machin. amy: the death toll from last week's condominium collapse in surfside, florida, has reached 18 with another 145 people still missing. on wednesday, rescuers found the bodies of 10-year-old lucia guara and her four-year-old sister emma. their parents also died when the champlain towers southuilding collapsed. present bideand firslady ll bidenre visitg t

roosevelt's trust busting days and they blew apart standard oil, recombined 70, 80 years later with exxon mobil and others at&t was broken up and recombined in other ways there is a fluidity, a volatility to rules and regulations, even legislation around particular industries and their tendency to consolidate and demerge, if you will, later on this is part of a cycle we've seen play out throughout history and we may be appropriate to enter an environment there are more constraints on large businesses and engage in monopolistic type practices. it may be about market dominance and hopefully we'll see some intelligent rules of the road. you're right, volatility and fluidity is probably the key work >> chad, let's make this meaningful for investors are there opportunities you see in the market as a result of some of these executive orders people might think about >> yeah, i would focus on high-quality rising dividend companies that are reinvesting back into their business to grow their earnings which means they'll be growing their dividends over the long run. i would ask investors not to be so shor

the petrochemicals division at exxon mobil is supercharging its financial turnaround.d segment of the oil giant's business will probably post record high earnings this week because of the surging prices for plastics. demand for products such as packaging and materials held up during the pandemic and have risen during reopening. china's tencent holdings is expanding new user registrations for its wechat services. that had to uncertainty for the tech sector in the midst of a two day selloff. investors have left tencent and its peers after china announced the toughest ever curve on industry. beijing also issued a series of other edicts for governing online activity. goldman sachs plans to offer a cryptocurrency related exchange traded fund. the fund will focus on decentralized finance and blockchain companies. numerous companies have been going public in recent months. that is the bloomberg business flash. alix: thank you so much. appreciate that. i found that interesting. it is in some ways no surprise that goldman sachs asset antigens will be getting into it because you

they're calling it the romney exxon plan because exxon mobile is very happy about this plan. this group of senators who are supporting the plan, moderates on both sides. and exxon is doing whatever it can to make sure the package is, one, does the least amount of possible to reign in exxon and deal with the climate crisis and, two, make the bill unpopular. what they're doing right now is not his jobs plan. what was really great where the biden administration defined bipartisanship as what is popular with independent voters, not just politicians like mitt romney. i think that's what voters are hoping for today. >> you know, the thing that i have been really focussed on is the clean energy standard, and it's what exxon is focussed on and what a lot of fossil fuel companies are focussed on. in the package there is huge investments. but outside of dollars and cents, like a national clean energy standard which is to every one of the 50 states you have these targets that you have to hit. here is the standard. go out and hit it. without that, we can't hit the targets. today there wer

we spent a lot of time talking about exxon mobil.some research on it. >> sometimes you get this research, david, and you -- this is a hold by bmo, and you read it, and you want to buy the stock. you want to buy it aggressively. and that's what i feel this piece is calling it don't call it a comeback, and then it's a comeback story. it is. everything is going right for them the dividend is secure, the foundational is terrific the board is moving forward for esg, which i like very much, and david, ten-year high some of the parts. i don't understand this because this is to me, a great story with the new board. >> they do talk about lots of positive momentum. >> no, it's like, wow, let me add it if this stock comes down, i want to use this as a reason to buy so initiating coverage of market is almost as if someone said at the organization, look, chevron's better >> a lot of ceos don't survive a vote like what happened there. woods seems likely too yeah, for now. >> i find that to be -- >> it's tough. >> that's a tough -- that's a board t

to do things because they are baked in interest is reelection and these dark money groups that exxon mobileough these groups and keep these groups in power. they have invested interest in keeping to policies the way that are anti-regulating so that they can make more money while we burn, while we die and that is the danger that we are facing here. >> and mattie, quickly, i think it's important on the last day to be clear eyed about what this court is and not have any conclusion about what that six three majority means. >> cringe it's not for us to be clear. he should have been out in retirement, but he didn't because he think that it would politicize the court, get on joining us this hour, leona helmsly. she went to prison. she was an actual multibillionaire for real. she was president of the helmsly hotel including the park lane in new york city and the helmsly palace. she, herself appeared in a

no one thinks about it that's an outfit called engine number 1 they nominated three members for exxon mobile board of directors, the world's biggest oil company wasn't doing enough to protect the environment. and they won the whole battle only cost them $12 million. john dean must be rolling over in his grave the engine number 1 win was a major wakeup call to anyone who thinks you can ignore environmental investing. if you are destroying the environment, we're coming for you. be prepared for a damage these guys could spent just $12 million to win three board seats at the most storied oil company of all, you better believe their story will be repeated second theme that's built to last, the hybrid workplace one of the most surprising aspects of the pandemic was the ease with which businesses embraced not coming to the central office five days a week. now it's become common place many people continue to work from home. nobody saw this coming don't tell me you did. home and retail sales have spiked as people spent their stimulus money setting up home offices in the suburbs or buying entirely new

and oil companies like exxon mobile have been lobbying against climate action since the beginning andold an undercover reporter that the company had been working to weaken key aspects of president biden's flagship initiative, the climate crisis, and that he's speaking to senator joe manchin's office every week. manchin's spokesperson claimed the lobbyist exaggerated their relationship. okay. i'm joined by ro khanna of california, chair of the house oversight environment subcommittee, and charlie pierce, writer at large for esquire. congressman, i want to start with you. take a listen. >> did we aggressively fight against some of the science? yes. did we hide our science? absolutely not. did we -- did we join some of these shadow groups to work against some of the early efforts? yes. that's true. but there's nothing illegal about that. >> i'm required to read their statement. exxon lobbyist said i'm deeply embarrassed by my comments and i allowed myself to fall for greenpeace's deception. it exxon's ceo said we condemn the statements and are deeply apologetic for it. okay. should these

microsoft, alphabet, google, starbucks tuesday, thursday you is comcast , merck, mastercard, t-mobile, exxon-mobile, chevron, along with caterpillar which obviously is always an infrastructure play , right? big tech consumer names oil majors all of them have the power to move the markets, and then there is this gentleman , fed chair jay powell set to speak wednesday post- fomc rate decision of course we're not going to see any moves on rates i can predict that much, but the fed begins tomorrow, two day meeting , right and when he does speak on wednesday, he will touch on topics ranging from inflation to yes, the deadly delta variant, and ahead of thursday's robinhood ipo, ceo along with other executives held a virtual road show this past saturday discuss everything from financials and growth prospects to robinhood's planned expansion into retirement accounts, as well as the creation of cryptocurrency wallets. so, which one of all of these, right? has got the most muscles to move the markets? to our floor show traders sarge and scott. what do you think the biggest market mover will be, sarge you tak

that exxon mobil lobbyists have bragged about having influence in the contours over. an infrastructure bill that does not address the climate crisis. that does not put millions of people back to work. and does not expand healthcare in this country. then, no, that should not be all that we pass. we should pass an enormous-reconciliation bill that puts millions of people to work, in good-union jobs. and helps really, you know, get us back on track, in terms of the climate crisis. in terms of physical infrastructure and healthcare. now, if we want to pass both of these -- you know, both of these bills, together, that is a conversation that we can have. but we're not going to accept republican dominance, when the people of this country have elected democratic majorities, across the board. >> but the -- the $3.5 trillion spending proposal from democrats. i know that you would prefer a larger bill. but you are calling it a progressive victory? why is that? >> i think it absolutely is a progressive victory. and the reason for that is because if you look at the top lines of t

going to benefit from high inflation that your good old-fashioned commodity stocks, i love those exxon mobil, valero, caterpillar, although stocks should be very good in an inflationary environment and if that tells us it is here, don't fight those guys. liz: you have got to imagine the names of the materials like rio tinto, u.s. steel, these are the commodity names that truly stand to do quite well because they have pricing power, do they not? >> yes clearly phil is right in one respect you want to own the companies that have the ability to pass along price increases as abc price increases there are many companies that have the ability to do that, on the other hand if i heard chairman powell correctly i think he address the whole issue of inflation yet again and he still insists it's transitory and he even drilled down a little bit to explain what he meant by that, i guess it's a case do we want to fight the fed or believe the fed, yes right now we have a lot of inflation but it remains to be seen where we will be six-month or two years from now on the other hand what you don't want to own

especially those who take a lot of money and have regular meetings with exxon mobil.ur viewers can take part in this conversation and we will open up the regular lines. for democrats (202) 748-8000. for republicans (202) 748-8001. for independents (202) 748-8002. you can text us at (202) 748-8003. we are always reading on social media on facebook and facebook.com/c-span, also on twitter and instagram. kate, the infrastructure package in front of congress right now has money to build the national network of electric vehicle charging stations. they are going to purchase thousands of electric buses and upgrade the grid. is that good enough? caller: no. it's good. it's not good enough. especially if you look at the scale. electric vehicles are positive. we live in a country where a lot of people drive and people should have cleaner transportation options to get to work. but the american jobs plan mentioned that it would fund 500,000 electric vehicle charging station. that requires tens of billions of dollars. what we are getting in the most recent proposal was $7.5 billio

. >> newly comprised board exxon mobil is a bit above that, but its stock has also had a much betterchevron very much, very much. new egg, david, is down. it's going to destroy your nest egg. it's down 16 that was yesterday's pump and dump by the way. ooh, i'm sorry, it was yesterday's liquidation. >> right, you're unhappy with the move of the memes to even -- >> i want gary gensler. >> union pacific's down five it was up four yesterday now it's down five because suddenly we discovered that our arbitrary and capricious president -- why doesn't he just tweet it should be lower. >> we haven't even seen an executive order yet. >> this is "the wall street jou journal", what do you think they made it up >> i don't think they made it up we've got to see they refer to it as a sweeping executive order. we'll see. >> does it include the b and o and redding? >> i don't know. i get it, though that's a monopoly reference. you can't break up the rails what are you going to tell them, listen the interstate railroad commission, they could not force prices down. you can't tell norfolk southern you c

money which is always great and hence buying back shares and that's why the stock goes up also exxon-mobiledividend which is a great thing for investors and proctor and gamble, the tide maker also making shampoo as well warning that higher inflation and input costs are going to hit the company, do they pass on the prices to the consumer? if you judge it by history, and a track record in trends i think the answer be yes. >> i've got it susan, stop buying shampoo. no, well you can! reporter: in about five years, [laughter] >> oh, lucky you. so boosts in vaccinations now is leading to a boost in consumer spending, but part of that increase is also reflected in those higher prices with annual inflation rising, above the feds 2% target. in fact the fed's favorite indicator says 4% now, so let's get reaction from all of this , from market watcher rebecca walz er and wall street journal associate editor john bu ssey. rebecca ladies first you have personal income going up .1% month over month but pce was up .5% month over month classic inflation rising faster than wages so at at what point do you t

darden restaurants is down exxon mobil is down.trades you would think some of these work at home would be catching a bid. that's not the case. take a look at zoom, which is down docusign and peloton, fastly, all down it is a little more broader based. you mentioned the idea of the 10-year note coming into focus at one and a quarter percent, we have to go all the way back to the early part of spring or late winter to see the same levels we are talking about. you can't really see it here, you see the general trend line is higher and leveling off that is the 200-day average level that has brought support for yields in prices going back to the fall, late october, maybe early november of this past year if all of that is in play, what is it in terms of the narrative, it looks as if it is a general aversion trade >> you can't find things that are up, maybe it has more to do. just that things have moved a long way a little pull back and uncertainty. it is kind of like what you'd see, dom, if we were moving towards 2% on the 10-year, everyt

presented by sap, navy federal credit union, verizon visit us online at www.salutetoveterans.org >>> exxon mobilrom two loblo lobbyists in the videos, the lobbyists dismissed the company position on climate change. called it an easy talking point because it is unlikely to be implemented. exxon did not do anything illegal. exxon's ceo said the views expressed by the lobbyists were not the views of the company and were not part of the issues they discussed. it puts the company in a tricky position given the latest routing they took at the shareholder meeting. they lost three seats. >> one side stick tod your guns you are an oil and gas company the other said you willingly damaged the earth for the past 30 years they can't win i'm not shocked at the story, to be honest. >>> coming up, 58% of the respondents in the cnbc quarterly stock report said oil is the favorite inflation trade. dirty oil. we'll talk crudely no, we'll talk crude next. not crudely. here is a look at the s&p 500 winners and losers as we head to break. >> announcer: executive edge is sponsored by at&t business our people and netwo

meanwhile, occidental, apa and exxon mobil had been moving to the premarket. all of these stocks, major energy producers are all off lower in the pre-market trade cruise line operators, federal appeals court said cdc restrict shuns can remain in place. restrictions can be there. florida court said they could be there. norwegian, carnival and royal caribbean all off 4 or 5%. financials have been a notable part of the week 10-year yield ticking slightly lower while goldman sachs, jpmorgan, bank of america all there off 2.3% 1.24% with the 10-year note. >> collin with two ls. did you happen to notice, we're talking ice man. we're talking ice cubes in his veins. did you -- were you noticing that the guy who engraves the trophy was engraving it before collin had even finished because it was so obvious that this -- have you ever seen that before where they're engraving the trophy and he's on 18 because there's -- >> you remember when tiger had like a 7 or 8 shot lead back in 2000 -- >> this was a two-shot lead. >> it was a crazy thing i heard from our colleagues. we

best quarter in company history for the chemicals business side of exxon mobil.her top stories we are following for you this morning. lawsuits are mounting following the deadly surfside condo collapse in florida. two dozen lawsuits have been filed on behalf of the plaintiffs. 98 people were killed, remember. the lawyers say it will cost $1 billion to compensate families fairly but only 50 million is available for payouts according to court filings, that money is coming from the condo association's insurance policy. well, the black widow is throwing poison at disney, scarlet johansson filing $50 million lawsuit against the company over their decision to release black widow in theaters and on disney plus at the same time, alleging breach of contract. she says her agreement guaranteed a theatrical release and salary was based on box office performance. disney says they fully complied with her contract. well, uber becoming the latest company to push back its office return date due to the delta variant. employees globally don't have to return until late october. but t

t-mobile and pinterest coming in tomorrow. exxonlus caterpillar all reporting numbers. dani: tomorrow we also have the continuation of the hype around space. nasa and boeing start liner launch. i do not think any billionaires going up and that one. we also have university of michigan consumer sentiment. we also get u.s. ppe data along with eurozone gdp and cpi data. i feel like we are never going to get an end to the space race. i want to know if amazon's earnings, how many more trips can jeff bezos take into space with what he affords with a potential jump in the stock price? alix: also he will want to make some money on that. in all seriousness i feel like the start liner is quite interesting. that is a business use case for bowing, that if they can wind up using that to transport other industries up to the international space station, that could be a real business case, not just a huge cash burn. dani: that is an excellent point. it is not just about tourism. there's a corporate side to this as well which is white might make busi