the fossil fuel johns receiving the funding included exxon mobil shall be pay and saudi romco. will the banks have insisted they all committed to working with their customers to achieve a transition towards low carbon economy? why all giant exxon mobil has said that the international energy agency and the u. n's inter governmental panel on climate change agree that significant investments in oil and gas is still needed for you to 2050, even in a net 0. scenario. net 0, of course, refers to stay in which the greenhouse gases going into the atmosphere are balanced by the removal out of the atmosphere. let's discuss this further with the market strategist and former economist at city. great. mark fulton, who's also the chair of the research council. it be carbon tracker and founding partner of energy transition advises. he joins us from new south wales in australia . thank you for your time, sir. who are the biggest finance is when it comes to investment in coal and other carbon intensive fossil fuels. but essentially, i think if we take cole, i think it's important to step up a l

other big names from boeing and exxon mobile to mcdonald's and k fc, employees stuck on the ground. how are they going to get out? we've got the ceo of the company that's been working night and day, to extract corporate executives out of the war zone. we will ask him how he does it, whose he getting to do this , how is he getting into ukraine to save these people and what his staff is seeing on the ground. sofi technologies is so winning after an upbeat revenue forecast surprises investors but how much did super bowl lvi and the venue that had sofi splashed on its roof play a role? wait until you see , there's currency to that we'll add ceo anthony noto of sofi, but first fox business alert boeing and airbus shares on the move to the upside airbus up 5% boeing getting a push of a nearly 2%, both aerospace giants have now cut all russian airlines off spare parts, plane service abdomen and maintenance from russia airlines as russia continues to attack ukraine. president joe biden announced the u.s. government will ban russian aircraft from american aerospace. the russian hostilities a

and now to some of the other global business stories making headlines, apple ford and exxon mobil had joined the rank of companies who called business in russia. apple said it was stopped. the sale of i phones and other products in the country for the next on will suspend operations. germany. siemens now says it will also suspend business in russia. russia's biggest lender spare bank is exiting the european market as western sanctions tightened following the russian, warren ukraine. the announcement came just hours after the european central bank ordered the closure of spare banks, european arm following a run on deposits. home rental company air b and b says it'll offer free temporary housing for up 210100000 refugees fleeing ukraine. c o brian jesse said letters to send letters to leaders of poland, romania, germany, and hungary offering help to house the people. at least 300000 ukrainian refugees have entered the u. since the russian invasion began a firm that transcript occurrence, the transaction says more than $33000000.00 in the digital currency has been donated to ukraine's go

yes, sir. exxon mobil and other oil major facing calls to divest of its projects in russia . what kinds of pressure are these western companies under right now? well, i mean, if we talk about an exxon, i'm steven they had already entered a joint venture resort. sniff to a couple of from a years ago, but they still have for 30 percent to mistake an oil and gas field. so i'm on the, in the east of, from a russia. so clearly they're called said to and that, and then it really depends some on the industry and under corporation and how a bic, of the connections to russia are a general motors. by the way, here on monday, announce to stop exports to russia. for now at the same is true for deliveries from u. p. s, for example, are federal expressed to the and i a to, to russia button over all it's obviously a russia is so closer to the european union and also the tycer are a bigger than i'm here to most corporations in the united states. okay, so far more exposure to russia from european businesses, compared to u. s. businesses. but what are we seeing from markets in the financial hub

exxon mobile, apple, ford. general motors. boeing. some of the major names suspending business for the time being with russia. moscow stock exchange won't be open today again. the economic blows not exclusive to russia. the dow plunging nearly 600 points on tuesday. as the price of oil topped $102 a barrel. for the first time since 2014. that's higher at the moment. we talk more about this. it's interesting in state of the union. trying to calm the economic jitters in his speech. what is the situation when it comes to the oil market? >> he hasn't managed to calm the market. now how to bring the prices down really would involve adding more oil to the market. increasing production and decreasing russian share of the over all oil market. that is the thinking behind a decision yesterday which includes the u.s. and other countries to really 60 million barrels of oil. from reserves. the world can consume that in 16 hours. the other option is opec members. the big oil producer countries by saudi arabia. to ramp up production. and add more oi

apple ford and exxon mobil have joined the rank of companies who planned to hot business in russia. apple saying it would stop the sale of i phones and other products in the country. ford in exxon was to spend operations. germany, siemens now says it will also suspend business in russia. russia's largest lender spare bank is exiting the european market as western sanctions, titans following the russian war on ukraine. the announcement came just hours after the european central bank ordered the closure of spare box european arm falling a run on deposits, a firm the tracks crypto currency transaction says $33800000.00 in the digital currency has been donated to ukraine's government and non governmental organizations base in the country. ukraine has received donations mostly in the form of bitcoin, and a theory em after making an appeal on twitter last week, following the invasion. and that's it for me and the dw business team here in berlin. find out more line d w dot com slash business. thanks for watching the truth . into the conflict zone with tim sebastian rushes, president putin

. >> while the price of gas escorted is now 425 a gallon, on average, exxon mobil chevron and others, they made nearly $2 million in profits last quarter alone, just last quarter. meanwhile big ceos are on track to spend any million dollars this year, not to produce more t dividends to enrich their wealthy stock holders. here's more corporate greedy, it is never-ending, amazon, raise the price of his by membership by 1540 percent, while increased his profits by 75 percent to a record-breaking $35 billion, and by the way, managed to avoid paying 5.2 billion in taxes meanwhile the founder became anyone billion dollars richer during the pandemic and is now worth some 186 million a, that is is worth. jeff bezos, more corporate greed and the price of beef is up 32 percent, the price of chicken is up 20 percent, and the price of pork, is up 13 percent. meanwhile tyson foods a major producer beef and hot dogs and chicken increased as profits by 140 percent last quarter, to 1.1 billion and gave its ceo, a 22 percent pay raise last year up to $14 million, and meanwhile, the owner of the compan

british oil giant shell and exxon-mobil of the u.s. have announced they will pull out.inister has told the lower house committee that a withdrawal of japanese interests there would be futile if it failed to inflict harm on russia. many government officials believe japan needs to have a large number of diverse sources of energy. but some concede the country may be forced to amend its policies depending on how the conflict develops and on international public opinion. >>> snow japan airlines have scrapped a plan to operate special planes to evacuate ja japanese from russia. the officials say they decided to cancel the plan because the flights may not be covered by insurance. some insurers have suspended their coverage of flights over russia as part of economic sanctions. all district services between russia and japan have been cancelled following the invasion of ukraine, japan's foreign ministry has raised its risk warning level for all areas across russia urging japanese nationals to consider leaving on commercial flights. ♪ ♪ >>> a feasibility study of using the carbon-

major companies like apple and exxon mobil announced today. >> but they're halting big projects in russiag even more economic pain to the country. correct. >> rashad, what is the latest regarding the justice department's task force looking into russia? >> yes, so the justice department's task force will be going after these russian oligarchs and president biden sort of previewed that last night in his speech talking about how they're going to start seizing their yachts, jets and luxury apartments. the justice department is also going to look into whether they're trying to use crypto currency to evade u.s. sanctions. they're also looking at offshore assets that they may have as well. and they're using a legal process called civil or criminal asset forfeiture, which allows them to seize this property during the sanctions. hopefully the the pressure campaign works because the bloodshed, the unasur bloodshed in ukraine is just horrific. rashad hudson. >> reporting live for us tonight in washington. appreciate that are shot. president biden spoke at great length about the crisis in ukraine dur

don't let exxon mobil gouge us like they are doing right now. thing, you people ought to understand one thing. jen psaki is a messenger. why are you attacking her? she's just a messenger. so anyway that's how i feel. host: our last call for this segment is janice in the louisiana on the democrats line. good morning. caller: good morning. i think russia's gas and oil situation is separate from the ukraine's situation. europe and the united states need -- it's convenient to have russian gas and oil at this time. but also we need to consider climate change. all of us on earth have to care for each other. not only for gas and oil, but our air and water. i have different comments i'd like to make about the ukraine and russia situation but i don't know if you want to hear that. host: you can quickly. if you can be brief. caller: ukraine somehow left russia after world war ii when russia lost over 20 million people. and formed a separate country. russia didn't do anything -- who was in charge? i don't remember. this reminds me of our civil war when the

the annual 5 day serra week energy conference with you as climate envoy, john kerry, and ceo's of exxon mobil and chevron schedule to speak this days after the release of the new i b. c. c. report that examines how humanity is entering uncharted territory in the climate crisis. joining me now from cape town to discuss that report is one of its alters. looks on voc go, thanks so much luck on for coming on. you know, obviously here in your people are talking about babs, no immediate deliverable future on this continent. i know you specialized in africa, but that how rapidly closing is the window to secure a livable future as it says in the latest idea z assessment. first, i think maybe to just give him a big grant on the key findings from a recent report. these attorneys accumulative and if evidence and he's an equal for cow and cummins charges that threat to humanity and tay human or being and a we have very limited and the rapidly closing window and to see how rapidly closer to zoom into that. i would say the tend to act is now, so i can give you like the exact time, but we, the time for the

apple ford and exxon mobile have joined the rank of companies who plan to hop business in russia. apple saying it would stop the sale of i phones and other products in the country. forward in exxon will suspend operations. germany. siemens now says it will also suspend business in russia. russia's largest lender spare bank is exiting the european market as western sanctions tightened following the russian war on ukraine. the announcement came just hours after the european central bank ordered the closure of spare box european arm following a run on deposits. a firm, the tracks crypto currency transaction says $33800000.00 in the digital currency has been donated to ukraine's government and non governmental organizations base in the country. ukraine has received the donations mostly in the form of bitcoin and a theory. and after making an appeal on twitter last week, following the invasion, and that's it for me and the dw business team here in berlin. find out more line d w dot com slash business. thanks for watching with awe. into the conflict zone with tim sebastian rushes, presi

s. climate envoy, john kerry, and ceo's of exxon mobil and chevron shed. you'll just speak this days after the release of the new i, b. c. c report. it examines how humanity is entering uncharted territory in the climate crisis. joining me now from cape town to discuss that report is one of its old does lux on volk go. thanks so much luck on for coming on. you know, obviously here in your people are talking about babs, no immediate deliverable future on this continent. i know you specialize in africa, but that how rapidly closing is the window to secure a livable future? as it says in the late as i d z assessment 1st, i think maybe to just give it big grant or no, the key findings bomb. i recently, parties are these accumulative cent if given dens and is an equal for cow and turn clemens charges of threats to humanity and a human or being and a we have a very limited and the rapidly closing air window and rapidly closer to zoom into that i would say the tend to act is now, so i can give you like the exact time, but we, the time for the global to act is now

and now to some of the other global business stories making headlines, apple ford and exxon mobil had joined the rank of companies who halt business in russia. apple said it was stop the sale of i phones and other products in the country florida. next on will suspend operations. germany. siemens now says it will also suspend business in russia. russia's biggest lender spare bank is exiting the european market as western sanctions titan following the russian warren ukraine. the announcement came just hours after the european central bank ordered the closure of spare banks, european arm following a run on deposits. home rental company air b and b says it'll offer free temporary housing for up 210100000 refugees fleeing ukraine. c o brian jesse said letters to send letters to leaders of poland, romania, germany, and hungary offering help to house the people. at least 300000 ukrainian refugees have entered the you since the russian invasion began. a firm that tracks crypt occurrence the transaction says more than $33000000.00 in the digital currency has been donated to ukraine's governmen

and by the central bank from accessing it's huge dollar reserves from oil giant exxon mobil to tech titan, apple. international companies have rushed to exit russia, leaving moscow financially and diplomatically isolated. bernard smith reports nervous about whether debit and credit cards might stop working a sanctioned bite. some russians stocking upon cash. soon they'll begin to feel the financial pain of their president's decision to invade ukraine with interest rates more than doubled 20 percent. and the rubel plunging 30 percent against the dollar, knowing that we are planning to buy a flat. so for us it is very important that we are hoping to have a certain interest rate. now it will be totally different. the waiver, of course i am worried anyway. first of all, the situation with the dollar is unclear. and what about foot prices? we are in a debt and situation. there is no way out for people. russians have been promised that central bank reserves of more than $630000000000.00 will help cushion the economy from sanctions. but much of this money is in foreign banks. sanctions will make

. >>> breaking news from exxon mobile, yet another company stepping away from its operations in moskowhalf of international consortium of japanese, indian and russian companies. they say in response to recent events in ukraine they are beginning the process to discontinue operations and developing steps to exit in one venture. they also say they'll be making no new investments in russia the stock up by about 1.3%, but the company also detailing plans to go ahead with earnings and cash flow and energy transition. this is its annual investor day release they're putting out at this point they say they're going to be focused on cash flow growth. maybe the key here is the company plans to include annual structural reductions $9 billion a year building on $5 billion they've achieved to date additional reductions in that. and they also now label the company to pay down about $20 billion in debt. we'll continue to go through this, but right now that stock up by about 1.5% >> in keeping with this thought, oil prices are spiking again after members of the international energy agency agreed to re

among the companies at the meeting, exxon mobil and bank of america.ce of oil rose for the third day in a row. the global oil market has been pitched into turmoil by russia invasion of ukraine. the e.u. will consider a russian oil embargo. there has been a shakeup at credit suisse with the chairman stepping down along with other members of the board. credit suisse is reeling from a series of scandals earlier this year. the chairman was outed after just nine months on the job. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> i think six rate hikes for 2022 more for 2023. and extremely aggressive rate path is appropriate. conditions are shifting rapidly. demand could warrant adjusting the trajectory. lisa: raphael bostic speaking, the atlanta fed president, joining a roster of speakers, including fed chair jay powell. i was looking at some of his other comments. kidding inflation under control is their top priority, shifting away from employment mandates.

exxon mobil has joined an exit of russia as pressure grows. the u.s.pany holds a 30% stake in the offshore oil operation in russia's far east. they will continue operations as they leave and those are not given a timeframe. shares surged in hong kong after its revenues beat estimates, signaling the online assets to monetize ai technology is paying off. baidu saw a better than expected 9% increase. that is the bloomberg business flash. francine: thank you so much. we did see is in the last four or five minutes a reversal when it comes to european stocks but also u.s. futures pushing forward and gaining. the war in ukraine and sanctions on russia did trigger a surge in commodities and we are concerned about the economic outlook. but treasuries are rising and we look at what the growth prospect is. the war also flows across metals with russia and ukraine accounting for a quarter of global trade. if you look at the s&p futures, they are gaining some 0.3 percent. we watch out for opec+ today. brent at $111 and wheat surging some 7%. we will have plenty more

their relationships with russian oligarchs, or if mona's good against quarter in new york, yansa, exxon mobil and other oil major facing calls to divest of its projects in russia. what kinds of pressure are these western companies under right now? well, i mean, if we talk about exxon stephen, they had already ended a joint venture resort. and if them a couple of years ago, but they still have the 30 percent mistake in oil and gas field. so i'm on the, the east of russia. so clearly they're called to and that, and then it really depends on the industry and on the cooperation. how big the connection to russia are a general motors, by the way, here on monday, announce to stop exports to russia. for now, the same is true for deliveries from u. p. s, for example, or federal express to the and i to, to russia. but over all, obviously, russia is closer to the reopen union and also the tycer are bigger than here. 2, most corporations in the united states. okay, so far more exposure to russia from european businesses compared to u. s. businesses. but what are we seeing from markets in the financial hu

exxon mobile, conocophillips, jp morgan and bank of america will be in on the meeting. are meeting from the nuclear industry today. the war in ukraine has caused oil and gas prices to soar. a board shakeup at credit suisse. the board vice-chairman is stepping down along with other members of the board and they been reeling from a series of scandals. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ >> there is a d formation about china and providing military assistance to russia. what china is doing is sending food, medicine and baby formula. not weapons and ammunition to any party. we are against the war. jonathan: china's ambassador to the u.s. on cbs step there was no report about china providing military assistance to china. that was the report over the last couple of weeks that they were providing assistance to russia. lisa: it's disinformation as being used by china to say we are not supplying ammunition. we are supplying these other things because we just want these but this is them no

occidental and exxon mobil down 2.5% and 1.5% respectively. tom: thanks so much.mall deal, but for those of a certain vintage, a name from another time and place. long ago there was plantronics, and it was a glory of a small-cap stock from three dollars of $277, and just a complete debacle to $26. all cash, hp. jonathan: what do they do? tom: they do headphones, stuff like that. jonathan: are they good headphones? tom: not those kind of headphones. they're not like you listen to tyler the creator. they are like when you are like, jon ferro is online too. that kind. jonathan: thanks for explaining that. tom: that is an interesting story there. thierry wizman remembers this at bear stearns years ago. not plantronics, but on interest rates and currencies. i am honored you are on today, and i want to link it right into macquarie, which is aussie-yen. when we move like we move, things happen. what should we be paying attention to this weekend, three standard deviation long renminbi, three standard deviation long aussie, etc.. what should we focus on? thierry: we still

it's a big factor for why you're seeing these meetings at the white house, meeting with exxon mobil, the administration obviously has tagged putin and saying putin i price hike for everything from gas to food. but that doesn't jive with the numbers heading in to this invasion of russia. you have this study from the business roundtable where 175 ceos changed their outlook that was significant from december to march from the gdp and what the prediction would be, which was aggressive and also for their confidence and where the economy was going. i think that's jarred some inside the white house. >> neil: and these energy ceos don't take kindly to the gouging accusationses. i would like to see how the president is reacting. >> this is not scheduled on the president's agenda this afternoon but expected to include the treasury secretary and key administration officials in the commission wing of the west wing. they're meeting with the ceos off the report. the business roundtable meeting is later tonight and the president is expected to go there meeting with ceos. there's the target on the b

exxon mobil has joined key rivals in exiting russia as pressure grows on energy giants to respond. a hold of 30% stake in the offshore oil operation in russia. it says it will begin the venture without giving a timeframe. global news 24 hours a day on air and at bloomberg quicktake, powered by 2700 journalists and analysts in 120 countries. this is bloomberg. dani: thanks. coming up, we discuss all the market action with janet mui. this is bloomberg. ♪ dani: welcome back to bloomberg daybreak: europe. a quick check on u.s. markets for you. we did have some bonds selling to start the morning but that has flipped yet again. now back into selling. it's basically unchanged after a dramatic move in the bond market to start to price out interest-rate heights. you are seeing some reversal when it comes to u.s. stocks. yesterday's fall of 1.5%. brent crude continues to search, up another 4.5%. trading at its highest since 2014. let's get into these markets. janet, thank you for joining this market. -- this morning, rather. how has your view changed, given the increased intensity of the war

exxon mobil investor day at 9:00 a.m., eia crude oil inventory report at 10:00 a.m. 6% overnight increasen wti, the highest level in some cases going back to 2011 at one point overnight. how do we go to either faster production? do talk about that? do you come this as a temporary shock? the pandemic is moving to an endemic phase and people want to go out and actually spend and travel. not a clock a.m., you finance ministers holding an emergency meeting by videoconference. how much is it going to be dominated by how to deal with the ramifications of some of the sanction so far? it is not just oil, not just crude. natural gas in europe has gone vertical. it is shocking to see some of the moves. 60% overnight. prices more than double in just a couple of sessions. how do they deal with this at a time when it is not clear where they can get other gas prices, other than russia and ukraine? jay powell delivers his semiannual testimony before the house financial services committee. people have been pulling back expectations for rate hikes. you can see this in the rate hike expectations for the ye

sector, you are seeing the private sector stepping up like companies in your home state of texas, exxon mobilwith russia and yesterday, fox business reported that over the past two weeks the u.s. has imported zero barrels of oil from russia does that mean oil and gas are doing the right thing even though the biden administration is hesitant to do so? >> yeah, i think they are. i think they see the writing on the wall a it's going to be a little bit dangerous operating in russia as time goes on. they see that this is not the right thing to do to be complicit in providing funds and resources for this crazed dictator, this bloody dictator has no respect for human life to continue to kill ukrainian people. a lot of the people see a problem with that and i think that's what's going on with texas oil companies, too. they see this is absolutely not right. >> todd: before we let you go, you are a texan. texas had a big primary there on tuesday. what are these results of the primaries tell you so far about what we can expect come november when the actual elections take place? >> i think they are excit

yes, sir. exxon mobil and other oil major facing calls to divest of its projects in russia. what kinds of pressure are these western companies under right now? well, i mean, if we talk about exxon, i'm steven they had already ended a joint venture was there was a couple of years ago, but they still have a 30 percent mistake and oil and gas field. so i'm on the, in the east of russia. so clearly they're called that to and that, and then it really depends on the industry and under cooperation. how big the connections to russia are. a general motors, by the way, here on monday, announce to stop exports to russia. for now, the same is true for deliveries from u. p. s, for example, or federal express to the united to, to russia. but over all, obviously, russia is the closer to the reopen union. and also the tycer are bigger than here. 2, most corporations in the united states. okay, so far more exposure to russia from european businesses, compared to u. s. businesses. but what are we seeing from markets in the financial hub of the world? frankly? well, i mean the us, some investor

and then exxon mobil up as oil tries to hang onto its gains. a bullish divergent here for the s&p 500. this is not a long-term bounce, but a near-term bounce that could be pretty difficult to play. it would probably prevent -- probably present more of a cell the rep opportunity. -- a sell the rip opportunity. this as the s&p 500 is going down. it points to the idea that you could see the bullish momentum bring the s&p 500 back towards that 200 day moving average, right around 4467 or even higher. but again, probably a near-term pop if it happens. guy:guy: volatile markets. thank you very much. let's talk more about that volatility and figure out how exactly you should position for it. sarah hunt, alpine woods portfolio manager, joins us now. central banks, the central bankers here at the ecb certainly struggling to pop the cork's through all of this macro volatility. what are you doing at alpine woods? sarah: i think we were positioned already for trouble in central bank's because you knew the fed was going to have to raise rates. you could see

apple ford and exxon mobile have joined the rank of companies who plan to hop business in russia. apple saying it would stop the sale of i phones and other products in the country. ford in exxon will suspend operations. germany. siemens now says it will also suspend business in russia. russia's largest lender spare bank is exiting the european market as western sanctions tightened following the russian war on ukraine . the announcement came just hours after the european central bank ordered the closure of spare box european arm falling a run on deposits, a firm the tracks crypto currency transaction says $33800000.00 in the digital currency has been donated to ukraine's government and non governmental organizations based in the country. ukraine has received donations mostly in the form of bitcoin, and a theory em after making an appeal on twitter last week, following the invasion. and that's it for me and the dw business team here in berlin. find out more line d w dot com slash business. thanks for watching. with awe. into the conflict zone with sebastian rushes, president putin h

exxon mobil and others have to stop fossil fuel production in russia. so far we collected 660 organization signatures from over 60 countries. yesterday we delivered with a campaign group the letters to all european leaders in the european union and urged them to follow the example of president biden and to put embargo on russian oil and gas and end any investments in fossil fuels for the companies and banks. i would also like to mention. important, putin campaign which has been launched in solidarity with ukraine as well but over 75 organizations which we are writing to managers -- fossil fuel sector. these include j.p. morgan chase, citibank, let's of the unknown -- lloyd's of london, and others. companies which make up coal, oil, and gas industry. you can join the campaign, our social action which is stand with ukraine enjoy the campaign putin's 100, which is has many global organizations in solidarity with ukraine. i do remember -- amy: i just wanted to say is you stop to -- talk about something reliance on fossil fuel, the part of the solution you h

it's up about 3% right now also across the energy share, exxon mobil was up 5%. 1.3% latest.stocks. despite today's gains, they're still sharply lower for the week thanks to rising energy costs. alaska, legion announcing they're going to cut trips by 5% or more in the short-term to help cut costs and our next guest says others will join them. let's welcome in david vernon from bernstein i'm surprised they're going to this move first rather than raising fares. >> i think they're going to raise look at th consequences they're going try to concentrate where they can better balance the cost to serve with the revenue that's available in the mark >> how does this change their profitability and which of these airlines do you think was hedged to be insulated and which aren't >> so, the near term impacts of profitability is going to be significant. when you see jetblue prices move up by 60, 70%, tomorrow's tickets were sold a few months ago, so you're not going to see a quick ability to recover these oil prices you have hedging in place at larger airlines like southwest and alaska mos

energy companies is that they're going to continue to have substantial earnings earnings power exxon mobileld return to being the most profitable company in the world once again. a position that it held a number of years ago and since slipped appreciably. so there is great news in the oil patch right now. and it's also going to encourage them all to drill more so the ceo of hess last week highlighted this they can't ignore the rates of return they don't want to dig their own grave like what happened in the height of the pandemic but they're certainly going to put shovels in the ground and drill more here in order to capture this amazing price >> so they're in let's call it a sweet spot in terms of being incentivize to produce more, making more money per barrel i can't imagine that exxon wants the head lines being the most profitable company in the world when you have democrats proposing a win fall profits tax. >> yes, that's how we go in the cycles next they'll come for the speculators in terms of what's driving the oil price. i think we're seeing the value of our u.s. energy oil and produc

you have others like exxon mobil pulling out and ending decades of investment that started in the 90scar companies halting sales. ford announced a few minutes ago general motors is pausing on cars that they shift and volvo doing the same. hog, harley-davidson is pausing on their bike sales there. and from law firms to shipping to wireless services, the list of sectors pulling back from russia is long and its growing. you have hollywood shutting down the big screen, pausing on big movie releases including badman reboot, the animated turning red and big tech tulling back. meta formerly known as facebook and youtube and ticket silencing russian state media companies like russia today. and meta says they're demoting links to state media and facebook on instagram as well. so both facebook and instagram. google said near removing them off of the google news site and suspending live maps. and neil, just this afternoon, a few hours ago, apple confirming to me that they're pausing all product sales and limiteds apple pay. russian state media apps are not available and disabling live maps. whil

caused the worst coastal spill in 25 years tuesday, the board of supervisors there voted against exxon mobil's request to set up trucking routes to move oil. that would have been a crucial step toward allowing 3 platforms resume production. environmentalists are praising the board's decision as gasoline prices soar across the nation and with spring break just a few weeks away, a lot of people are wondering about what could happen to airline ticket prices. kron 4 assisting. justin campbell is live for us outside san jose airport with. >> more on. if you have to pay more for that same seat. justin. yeah, that's right. i spoke to a ticket price specialist today in. he says he doesn't expect prices to go up before spring break. if you're traveling then, but travelers that i spoke to today here at the airport say they are preparing for a rise in ticket prices. >> until friday, don wilson landed at san jose international airport today for business. she is in medical device sales and travels a lot. i go to europe, mexico, canada, with the amount of travel and rising fuel prices. now she says her comp

exxon, mobile and chevron, as you know, today announced that they are increasing production in the basinctly the reasons judge jeanine that you suggest, they want to cash in. but i also think that we have to go with caution. these oil speculateers are the wolves of wall street. these are the people that drove the price of a barrel of oil down to zero at a certain point because of speculation. >> jesse: wasn't that during the pandemic? >> there's a lot of profit tearing going on is my point and i think if you just say it's all about biden not drilling you're missing some of the truth. >> judge jeanine: are you serious? >> i'm serious. >> jesse: sometimes. >> you may take me unserious but i'm serious. >> greg: good news is mcdonald's pulling out of russian so no gas from them. >> jesse: russia anns will get skinnier from that. >> potential game changer in ukraine, poland offering to send zelenskyy fighter jets: u and d♪ and it's easy to customize your insurance at libertymutual.com so you only pay for what you need. isn't that right limu? limu? limu? sorry, one sec. doug blows several diff

the stock market show yesterday and they were talking about how with these record prices, the exxon and mobile and -- and mobil and all these other companies are buying back their stock instead of drilling, instead of starting drilling on those 9,000 lees they already have. so everybody, it's not biden, it's the energy companies just pocketing the profits and not drilling on those 9,000 leases on federal lands. wake up. host: what do you think about the president's decision yesterday, the ban? caller: i agree with it. host: why so? caller: because i don't like the idea of giving money to putin either. and as far as the europeans doing the same thing, you know, they get way more than we ever take from russia. so that's all i really wanted to say this morning. thank you. host: ok. let's go to lori in north carolina. independent line. caller: good morning pedro. i just wanted to say i don't think all of this was thought through thoroughly before biden enacted his ban on russian oil. i just don't think there was enough infrastructure for gas and oil put in place prior to conducting this ban and as

while all john's exxon mobil has said that the international energy agency and the u ends into governmental panel on climate change, agree that significant investments in oil and gas is still needed for you to 2050, even in a net 0 scenario. net 0, of course, refers to state in which the greenhouse gases go into the atmosphere a balanced by the removal out of the atmosphere. let's discuss this further with the market strategist and former economist, a city great mark fulton, who's also the chair of the research council, the carbon tracker and founding partners, energy transition, advises. he joined us from new south wales in australia. thank you for your time, sir. who all the biggest finance is when it comes to investment in coal and all the carbon intensive fossil fuels. but essentially, i think if we take coal, i think it's important to step up a level and look at the countries involved. and it's a very good piece of work. the global energy monitor, jen, the points out the really, it's the chinese lead the financing world, followed by the us in fact, important source of financing, follow

companies like apple and exxon mobil are halting projects in russia. >> in the south bay wins san joseuncil members proposing to suspend a sister city relationship with russia's 4th largest city over the country's invasion of ukraine. the proposal was discussed in a meeting a little earlier today. gayle ong listened in. >> this is not against the russian people. this is against the russian government and symbolic in that invasion war crimes against against ukraine. i would do the same if it the camaro rouge in cambodia, sanders, a council member, sylvia reyes is pushing to suspend the city's relationship with canton berg. >> the 4th largest city in russia, sister cities are linked usually for the purposes of cultural exchange. the proposal was presented at a meeting wednesday. it was met with both support and opposition. it has the complete opposite effect. >> it closes off a vital and oftentimes last channel of communications double and isolated populations that the people to people level one of the commenters. tim quickly chairman at sister cities international. i am in contact daily

exxon mobil, the largest oil and gas company in the u.s.orted over $23 billion in profits in 2020 alone which is a 60% increase compared to 2019 profit of 14 billion. this on top of the tax cut that they got under the trump tax proposals and three oil companies actually paid an effective federal tax rate of zero. at the same time, many of the big oil companies are not paying their fair share of taxes, as i said and there are many not paying any at all and they are not doing anything to pass the profits on to consumers at a time when the american people need it the most. this is simply not fair and it's time that it be addressed. so, what steps is and can the irs take to provide relief to the american people as it pertains to accountability for these big oil companies and the price of gas at the pumps. >> we will do all we can for every american throughout and that will continue for the employees. we are not a brick and mortar organization. i would encourage congress to take a look at the law and in conjunction with that there was a discussi

. >> two committees are holding an executive from bp, chevron and exxon mobil next month to explain skyhigh prices. >> i want to make sure that no one is price gouging. democrats accuse big energy companies of seizing financial advantage during a crisis when the oil price of oil goes up, the price of gasoline and the price of oil goes down. the price of gasoline does not necessarily go down. >> but republicans say democrats are just searching for a scapegoat. they don't understand the industry. things don't change overnight. you've got to produce the oil. you sell the oil, you have to refine oil and you pass it through . >> republicans demand the administration authorize more drilling permits, but democrats say energy firms have enough permits already, some of which they don't use. this is not an opportunity for you to just grab more permits when in fact you have thousands of permits to drill in both the gulf and other parts and alaska use those permits first. republicans say democrats only tackle big oil because of progressive concerns about the environment. they are the ones that do n

, but second of all, you can't actually draw a straight line between like if you buy a share of exxon mobil, you know, one of the biggest oil companies in the world and a you know, huge polluter and climate terms and an exploiter of humans around the world that dollar that you've invested. then doesn't go to someone at exxon it doesn't you know affect their profits. it does help hold the share price up, but it's a it's a much murkier line and if you get rid of a share of exxonmobil a lot of those shares of fossil fuel companies are just being snapped up by private equity investors who are saying hey all the people who care about the climate are dumping this stuff. we're gonna get a bargain, but they're still holding on to that stock. so it's not necessarily pushing the companies to do things any differently, which is really the goal of divesting with banking. however, people don't realize that you know, we think the money that's going into our savings account or even checking account in some cases is funding small business loans and your community or mortgages for first-time home buyers in

while all john's exxon mobil has said that the international energy agency and the u. n's into governmental panel on climate change, agree that significant investments in oil and gas is still needed through to 2050, even in a net 0 scenario. net 0, of course, refers to estate in which the greenhouse gases go into the atmosphere a balanced by the removal out of the atmosphere. let's discuss this further with the market strategist and former economist, a city great mark fulton, who's also the chair of the research council of the carbon tracker and founding partner energy transition advises. he joined us from new south wales in australia. thank you for your time, sir. who all the biggest finance is when it comes to investment in coal and other carbon intensive fossil fuels. but essentially, i think if we take coal, i think it's important to step up a level and look at the countries involved. and it's a very good piece of work by the global energy monitor, jen, the points out that really it's the chinese lead the financing world, followed by the us in fact is important source of financing, foll

from oil giant exxon mobil to tech titan, apple. international companies have rushed to exit russia, leaving moscow financially and diplomatically isolated. bernard smith reports nervous about where the debate and credit cards might stop working a sanctioned bite. some russians a stocking upon cash. soon they'll begin to feel the financial pain of their president's decision to invade ukraine with interest rates more than doubled 20 percent. and the rubel plunging 30 percent against the dollar a knowing that we are planning to buy flat. so for us, it is very important that we were hoping to have a certain interest rate. now it will be totally different levels. of course, i am worried anyway, 1st of all, the situation with the dollars unclear and what about foot prices. we are in a debt and situation. there is no way out for people. russians have been promised that central bank reserves of more than $630000000000.00 will help cushion the economy from sanctions. but much of this money is in foreign banks. sanctions will make it very di

it suspects exxon mobil or conoco phillips that's is to blame.ng the world. the fact is the professional traders that play ping-pong with each other and creating those prices. >> brian: you saw diverse from media to refineries and also supermarkets, people are really distressed when they're going shopping now. what can you tell them in terms of where inflation is heading and look where sue at the in six months and six weeks? >> brian, it's going to get much worse. i have seen price increases coming through for the month of march. i have seen them coming through for april and may. between price increases and shrinkflation where it used to be 32 ounces now it's going to be 28 ounces, it's anywhere from a 12 to a 20% increase in food prices. and my recommendation to the people nationwide is, if you have favorite products, buy them, put them in your cupboard. if it's 12 to 24% over the next three months where can you get a better return on investment than your food. >> brian: maybe resell them. john, thank you so much. this is all preventable. we cou

you also have others, exxon mobil completely changing its business, walking away from productive dealse house because the white house sets the tone. so give us your take on where the energy industry, the oil industry -- i'm talking about big oil, where it stands today in terms of its willingness, its ability, access to funding as a result of the tone set by this white house? >> notwithstanding everything that you've just outlined, which are real impediments to oil and gas development in the united states, exxon mobil just announced they're going to be expanding their production in the permian basin, the most prolific basin in the united states. chevron is doing the same. we understand this is a crisis moment for the world and the united states needs to lead the way. let's not for get where we were in 2008 where we were only producing 6 million barrels a day and that number was going down. right now, we're producing almost 12 million barrels a day and that number is going up. in fact, the energy information agency, a branch of the federal government, suggests that we're going to reach r