exxonmobil, largest oil company, not my favorite oil, but that's okay. no one ever got hurt owning exon. computer company apple, prock-to-& gproctor & gamble, and mcdonald's, these too much alike? no. technology, oil, health care, and i think that's diversified. everyone so wise to the game. >>> linda in florida. linda. >> caller: hello, jim. big booyah to you from florida. >> good to have you, sunshine. >> caller: it is sun shining. am i diversified? >> okay. >> dac, opk, aa, mkc. and i want to thank you you -- oh, apple. aapl. i want to thank you for making us some money. >> all right. i've done well. i've done well and thank you very much. let's go to work here. >> caller: okay. >> mccormick, a perfect stay at home situation. i liked the quarter, a lot of people didn't. spice company, food. bank of america, bank. this is health care. alcoa, big industrial. and apple, we have three apples in a row. and we have tech, industrial, health care, we have bank, and we've got food, and that, again, is what we want and i -- perfect diversification, and doing qu

. >>> earlier, exxonmobil dipped 2% after its profit narrowly beat expectations. >>> the same day pfizereat earnings estimates, the drug maker announced a recall of about 1 million packets of birth control pills that may not contain enough contraceptive to prevent pregnancy. >>> transportation stocks dipped as u.p.s. slipped despite delivering a stronger than expected quarterly profit. >>> disgraced former royal bank of scotland ceo fred goodwin has been stripped of his knighthood after leading the bank into near collapse during the financial crisis. >>> and finally, it appears siri, the virtual voice of the iphone 4s, doesn't understand scottish broeg. when asked, how's the weather today? she mistakenly hears, how's the weather on labor day? >>> coming up, malkin carries the penguins. carmelo reappears for the knicks. and another upset in college basketball. >>> plus, the annual overkill craziness and cliche that is super bowl media day. your early morning sports headlines are straight ahead. >>> now that we're into february, will winter ever show up? doesn't look like it tomorrow. your

how would you like to buy exxonmobil for just under a dollar? it ain't crude talk abouts. it's options trade on the giant. plus call it a cool cat. we've got an options trade on caterpillar that can double your money in months. and talk about an oscar worthy trade. the action begins right now. live from the nasdaq market site, i'm melissa lee. these are the traders here in times square and in beautiful los angeles. highest close for the s&p 500 since june of 2008. the nasdaq nearing 3,000. certainly a lot of nice round numbers. "options action" is sounding the alarm because of one number. and that is 109. that's where oil closed today. can stocks and crude coexist? let's get in the money now and find out. it spooked investors today. it was a growing concern in the marnlt for awhile. >> growing quietly. equity indexes this week, the s&p closed up 25 bips. the vix was down about 3%. but crude was up 5.5 prst. there's things going on here as far as equities are concerned it's complacent. but in the other respects when you look at the risk assets you see people flock to when w

the only other companies to reach that value, microsoft, exxonmobil, cisco and general electric. >> that was a good buy 20 years ago. >>> south bay getting serious about curbing predatory payday loan practices. santa clara county supervisors have now imposed a moratorium preventing new lenders from setting up shop while a law is drafted to restrict or permanently ban new businesses. the county has more than five dozen payday loan stores. they are all concentrated in low income areas. high-priced lenders charge an average of 400% interest on a two-week loan. >>> and santa clara county is also leading the charge in healthy eating. it became first in the state and possibly the nation to set countywide eating and drinking guidelines. zack heene on the new standards being served at facilities from the fair to the hospital. >> what did you get? >> reporter: santa clara county employee andre moore orders lunch at his work cafeteria quite often. today he is eating healthy. >> i'm having [ non-english language ] today. it's an indian dish. and it has less calories than the normal thing i would ch

exxonmobil is a far second. now, apple is worth more than google, gold man sachs, general moteers, ford, starbucks and boeing combined. >> that's a lot. >>> tokyo's nikkei average was up 53 points today. hong kong's hang seng was up 30. the ftse opened higher. the dow jones was up 73. it's just 16 points below the highest close since the meltdown. the nasdaq index picked up 28. >>> you may soon be able to buy a share of the world's best known skyscraper. the company that owns the empire state building is planning to go public and sell stock. there's no word yet how much the shares will cost. the 102-story building was the tallest in the world when it was completed back in 1931. >>> almost since the first broadcast, critics have been saying television is going to the dogs. and now, it really is. dog tv is now on the time warner and cox cable systems. it's especially for dogs whose owners are not home during the day. or whose owners are just a little too busy to play with old fido. >> what about cats? they're goin

but it cut its holdings of johnson and johnson, and exxonmobil. >> susie: taxes, and how much politiciansay, has been a big issue in the republican presidential primary. the debate leads allan sloan looking to hire mi romney as his tax accountant. allan is senior editor at large at "fortune." >> if the presidential thing doesn't work out for mitt romney, there's a whole other career he can pursue-- retirement planner. romney has gotten what is probably the greatest retirement package in history. even though he left bain capital in 1999, romney still gets millions a year from bain's piece of the profits that investors get from bain's buyout funds, and pays only 15% federal tax on it. in some years, less. compare that with my social security benefits. my wife and i pay 30% tax on those. that's because 85% of our benefit is taxable, and we pay 35% percent on that, thanks to the a.m.t. this all happens because, under our current tax system, income from capital, which is how romney's bain payments are treated, is much more valuable than income from work, which is how social security is treated

immense in balance because it can use their corporate treasuries and if you have corporations like exxonmobil that are making billions of dollars a quarter, it's pretty easy to drown out regular folks in the media market, and the other thing it does it sit takes everybody's money the corporation and puts it under the control of the ceo, which is a person often from the 1%. if you believe in that distinction you're given an enormous amount of power to that minority to perpetuate itself. so we have a lot of work to do. we are seeing it in action right now with one of the commissioners called the evil twin's political campaign. they are out right now and i think that evil twin is a wonderful way to describe them. they are like a campaign only they are supposedly independent, but the same running it, the same message coordinator without being caught. you can pretty much see how that works, but in terms of the evil side of the evil twin, unlimited donations instead of restricted to the campaign, and identified the nation's other than required to be reported in the campaign, and if you get really d

apple and exxonmobil have been battling it out for the title of most available company since last augustxon stock was down today following its latest earnings report and as a result apple is back on top. >>> it is expected to be the biggest stock offering silican valley has ever seen. facebook is reportedly prepared to file paper work for its ipo with the securities and exchange commission tomorrow. as ktvu's maureen naylor tells us the initial public offerings could create hundreds of millionaires with a lot to gain. >> reporter: analysts say the offering could raise as much as 10 p-l dollars and value the social network between 70 and 100 billion -- raise as much as $10 billion and value the social network between 70 and 100 billion. >> reporter: holding on to those billionaires will be a big challenge for facebook. >> you really want to keep them within that company because that talent brought you to where it is. >> reporter: the tech giant has more than 3,000 employees. >> most people out of an ipo can only with after taxes between one and $5 million. and you can't if you're a 35- ye

apple and exxonmobil have been battling it out for the title of most available company since last augustxon stock was down today following its latest earnings report and as a result apple is back on top. >>> it is expected to be the biggest stock offering silican valley has ever seen. facebook is reportedly prepared to file paper work for its ipo with the securities and exchange commission tomorrow. as ktvu's maureen naylor tells us the initial public offerings could create hundreds of millionaires with a lot to gain. >> reporter: analysts say the offering could raise as much as 10 p-l dollars and value the social network between 70 and 100 billion -- raise as much as $10 billion and value the social network between 70 and 100 billion. >> reporter: holding on to those billionaires will be a big challenge for facebook. >> you really want to keep them within that company because that talent brought you to where it is. >> reporter: the tech giant has more than 3,000 employees. >> most people out of an ipo can only with after taxes between one and $5 million. and you can't if you're a 35- ye

could be wrong. 17% more than the second most valuable company exxonmobil and that would be billion. >> you're right. billion with a b. >>> nothing says valentine's day like candy and flowers and my low balloon causing power outages. that last thing is something pg&e would rather do without. the utility urges lovebirds not to let those balloons drift outdoors because they can get tangled up in power lines and your sweetie may not buy you balloons after all [ indiscernible ] what? so i guess they won't buy you balloons if there is a nationwide helium shortage. it's driving prices up to be more expensive. >> flowers are cooler anywhat. >> did i mess that up? >> chocolate, bottle of wine. >> worst story i have ever read. >>> a west virginia couple has been together a long time. they're marking their 70th wedding anniversary today on valentine's day. there they are. that's herman and cecilia married in wheeling, west virginia on this day back in 19 42. herman remembers how he met his bride before he went off to serve in world war ii. >> my best buddy took me for a ride, where are you goi

gas, the man who railed for government spending wants to spend $1.2 billion on a tax break for exxonmobil just irresponsible, it's outrageous. >> what do you say, jonathan? >> well, look, somebody on your team does excellent research at putting those clips together. >> yes, they do. >> i'm sure the white house doesn't love your research staff. that said, look, every political party, whenever gas prices are going up, and they're the nonincumbent party, they make an issue of this, and in the end, presidential elections aren't just decided on gas prices. for two reasons, it's only one of many indicators about the state of the economy, and traditionally, in the last decade, gas prices spike in the summer and start to comr down in the fall, so there will almost certainly be a downward trend on the gas prices taking them off the table. >> did he have points on the energy plan? these are points he made before. he wants more alternative energy, he's not in love with drilling. there's nothing quote/unquote new. >> they're expanding drills in the atlantic, a new deal with mexico, it's a step toward

then sold completely out of exxonmobil. that was a small stake. still exxon no longer part of the portfolio. i think that name you're showing davita the most interesting. not a typical company that warren buffett would invest in. new positions. i'll be back in a bit with more from david einhorn's green light capital. >> dva an unusual name. no surprise given his new manager he brought in. that was one of the few stocks that was in his portfolio. i believe liberty might have been there. but davita definitely was. >> i remember talking with ted wexler years ago about it. does have a lot of depth. but it was a free cash flow story i imagine continues. they've done a tremendous job there. i actually wasn't even thinking about the wexler thing. >> there are few stocks that wexler held. it was unusual. >> it's had a huge run. i'm sure it'll be higher given what brian just said. now you have to ask yourself, is it worth following them in? in this stock, frankly, i think you wait on this one. obviously you'll see it bounce tomorrow given what just transpi

of a company that your reading rating has a commodity account like exxonmobil is the value of the cash or treasury bills in the segregated customer account assumed to have full value? yes or no, each of you please. >> yes. >> yes. >> only one of you has an opinion? >> i don't know the answer to that. >> so we have a don't know from mr. parmelee, i i guess for mr. cantor. >> i believe the answer is yes but unfortunately our system takes care of that in i don't -- >> so we have a don't no, a yes and i believe it's yes. assets on a balance sheet can appreciate or fall in value be sold a retransfer. do we all agree? they could also be stolen. do you all agree? let the record show they all agree. have any of you ever heard of them being quote vaporized" matt? >> yes, sir. >> no. >> no. >> let the record show they all said no. >> how would you treat assets on the balance sheet of those assets had been stolen? or just to save time is it correct to assume that they wouldn't be counted because they would eventually need to be returned to their rightful owners? do you agree with that statement?

markey: last year, exxonmobil made $41 billion in profits. together the top five oil companies made a combined $137 billion in profits. you would think that every time these larming oil companies extract oil from public lands offshore and the gulf of mexico, they'd be required to pay the american people a fee, a royalty, to do so since the lands are owned by the people of the united states. well, you would be wrong. because as a result of an oil company court challenge to a 1995 law, oil companies are not paying any railities to american people on leases issued between 1996 and 2000 on public lands of our country. the republicans want to drill into the pensions of federal workers to fund our highways, they want to drill in the arctic national wildlife refuge america's serengeti, off our beaches in florida california, new jersey, to fund this transportation bill but if we are looking for revenue to fund our road projects, start by ening this free ride big oil is feting on public land. in recent years, the amount of free oil these companies hav

microsoft, intel, g.e., and exxonmob exxonmobil. if apple were a country, it would have the world's 20th largest economy. this comes amid speculation that apple will unveil a new ipad next wednesday. it's unconfirmed at this point. the companies sent reporters an invitation to an event in san francisco with the mystery line, quote, we have something you really have to see and touch. so, of course, we're anticipating it's the new ipad 3, but you never know. apple keeps all of these details very close to the vest. i'm really amazed at the influence apple has had. >> you pointed out something. you listed all theover companies that hit the 500 billion cap, none of which are there now. >> no. >> that's the time to sell. >> it could be. i'm not going to be the one to make that call on apple. that's one amazing company. >> all the ores that hit that market cap are no longer that size, right? so -- >> that's very true. i mean -- right. apple right now is worth more than google and microsoft combined. unbelievable. we're certainly going to w

exxonmobil, is the height of catcher treasury bills in a segregated customer accounts assume to have the full value? yes or no, each of you please. >> yes. >> only one that hasn't been? >> i don't know the answer to that. >> i'm sorry? >> i don't know the answer to that. >> we have a don't know for mr. parmley, a just fermented castor to shut a yes from mr. cantor. >> don't know, a yes and a believe it is yes. assets and about she can appreciate or falken tire, be sold or transferred, and we all agree to? >> let the record show you all agree. >> potentially they could also be stolen. do we all agree? >> yes, sir. >> let the record show that all the great. >> have any of you ever heard of them being quote a verizon? >> no, sir. >> no. >> okay, let the record show that all said no. how would you treat assets on a balance sheet if those assets had been stolen? or just to save time, is it correct to assume that they wouldn't be counted because he would eventually need to be returned to the rightful owners? do you agree with that statement? >> i'm not sure i've ever faced that experience.

other side of the argument is that you look at mlps, $270 billion of market cap, two-thirds of exxonmobil by itself. they look at that and say it's crucial in terms of energy security. to attack it specifically would be very damaging as well as the energy security of the united states. >> kenny, great to talk with you. carl, back to you. >> no austerity when it comes to brew. merkel gets doused with beer. how would you handle this? as we go to break, some of the early movers with the dow down on this tuesday. ♪ our machines help identify early stages of cancer and it's something that we're extremely proud of. you see someone who is saved because of this technology, you know that the things that you do in your life, matter. if i did have an opportunity to meet a cancer survivor, i'm sure i could take something positive away from that. [ jocelyn ] my name is jocelyn, and i'm a cancer survivor. [ mimi ] i had cancer. i have no evidence of disease now. [ erica ] i would love to meet the people that made the machines. i had such an amazing group of doctors and nurses, it would just make such a

if a company where rating has a commodity account like exxon or mobil, exxonmobil or tyson foods, is the value of the cash our treasury fields in the account us into a full value? yes or no of each of you please. >> yes. >> yes. >> only one of you have the opinion? >> i don't know the answer to that. >> i don't know for mr. parmelee. i don't know for mr. cantor. he met our system takes care of that and i don't need to have. tonight i don't know, yes and then i believe it's yes. >> assets on the balance sheet can appreciate or fall in value by reseller transferred. we all agree? >> attention as it could also be stolen. we all agree? >> yes, sir. >> is and if you ever heard of them being quote vaporized, close quote? >> yes, sir. >> no. >> no. >> with the record show they all said no. >> how you treat assets on a balance sheet if the assets have been stolen? or just to save time, is it correct to assume they wouldn't be counted because they would eventually need to be returned to their rightful owners, and you agree with that statement? >> fair, i'm not sure i've ever faced attics. >>

we like big cap names like exxonmobil and chevron. we like mesa energy.> you think nat gas has seen its bottom? >> i do not. i think natural gas prices will probably hit back down to the $2 level. right now we are going to finish the season at record levels. once we hit the time we'll max out 4 ctf in october. i think there is a lot of opportunity in 2012. chesapeake energy, go big cap with good balance sheet, good cap flow. they can pick up distressed properties on the cheap. >> we've seen dramatic predictions on nat gas. i've seen a couple of headlines talking about $1 per million btu. where do you think the absolute low might be? >> well, any time you get these extreme moves you get extreme price calls. $1 is a big stretch. i do think we'll probably breakthrough and go below a little bit. it will be short lived, nonetheless. prices are going to have to stay down at these levels to work off the excess storage. >> when you talk about gasoline, just retail gasoline in this country, does $4, $5 this summer seem reasonable to you? of the drivers of that, th

last night in the rules committee, i tried to end tax subsidies to big oil, instead of asking exxonmobil, b.p., chevron, shell, and other big oil companies to pay their fair share while prices at the bum pumps rise, the republicans doubledown for their corporate friends and block my amendments. i offered it three different ways last night. and all three ways were rejected. not even given the courtesy of consideration on this house floor. i'll offer it again today if the rules committee meets, but i have no doubt the other side will continue what they usually do, stand with big oil and will continue to block my amendment. allowing more oil and gas drilling off our coasts and opening up the treasured arctic national wildlife refuge to drilling will do nothing to lower gas prices in the short-term, let alon pay for this bill. at -- let alone pay for this bill at best it will be years before any money comes from the new drilling areas. let's not forget the keystone provision that's jammed in here that would automatically deem, i use the word deem, the environmentally harmful pipeline be appr

could take away the $4 billion in tax breaks each year over 10 years, $40 billion that they give to exxonmobil. they really don't need that money, and the taxpayers shouldn't have to pay twice, once at the pump and then once as taxpayers, so they could have solved all that by taking away the oil tax breaks. but here's what they do. they say, one, we can drill for shale in colorado and wyoming and we know that shale oil and the department of interior say there is no commercially available technology. two, they can drill in the arctic refuge but we know there are no votes in the senate that make it possible for that to happen. and, three their next proposal is to drill off of the beaches of california and florida for oil, off the beaches. the republicans are lining up themselves in these states to say i want to make the amendment to make sure we don't do that. so none of this is going to happen in terms of the revenues that they say they're going to generate. these are phantom revenues from phantom drilling that's never going to happen. moreover, they want to export the natural gas out of our co

exxonmobil last year not only paid zero in taxes, they got a $400 million rebates in the bargain. at going on and too much tax evasion. you have companies paying zero taxes. i have also read that google paid none. there was a long list. these may be the engines of our economy, but they do need to pay their fair share just as warren buffett has suggested. he has said much and has been marked by many people on the right because of what he said in regard to what he pays in taxes versus his secretary, but his on the money. we have not had a deficit problem. it's been a revenue problem all along. host: thanks for your call from albuquerque. scott tweets -- and bob in venice, florida e- mails -- let's listen to what the president had to say. >> $4 billion of your tax dollars subsidize the oil industry every year right now. $4 billion. they don't need a subsidy. they are making near record profits. these are the same oil companies that have been making record profits fall off the money is spent at the gas pump several years now. how do they deserve another $4 billion from taxpayers in su