exxonmobil's funding of such groups. >> hockenberry: in 2006, new leadership at exxonmobil decided toeassess this "fight the science" strategy. >> they reviewed some of these free market groups that they had been funding, and they cut funding to the most radical among them, especially the smaller, sort of purpose-built groups that were just concentrating on attacking climate science. >> hockenberry: exxon stopped funding this heartland conference and its sponsors five years ago, but that didn't stop the broader mission of defending the free market. >> ...to close the deficit and ultimately pay off the national debt. >> hockenberry: if dealing with global warming did not involve intervention in the economy, would heartland institute be involved in this? >> that's a theoretical question. we believe in limited government and free markets. we believe in identifying and implementing sound-science free- market solutions to societal problems. >> hockenberry: and that message has generated solid financial support for activist groups like americans for prosperity. >> we have over 80,000 activi

take a look here at exxonmobile, this dow component. down nearly 1% here today for exxonmobile.r pressure. they have reported a drop in production volumes over the past year. they've been working on replacing some of the older oil fields as well. and that's going to cost them, easier said than done, they need time to get this developed and that's been pressuring exxonmobile here today on a day where got to take a peek at the dow, the dow is lower. and it's down about 124 points right now. liz? liz: i know, but 142 was the low of the session. so at least we've got that going for us. thank you, nicole. google shares are down today after bmo capital markets did something unusual, they downgraded the stock, not the worst thing in the world. they downgraded it to a market perform, but the analyst behind that call, we invited him to come on today because it is a little unusual, there aren't many if any negative calls on this one. less than two hours before the show, dan backed out because he didn't want to defend his call against my next guest, youssef squali who said bmo's call was q

earnings on deck this morning, drugmaker merck and chevron and exxonmobil. gas is up to $3.42.he ceo for peregon was sentenced to snail for cheating investors out of their money. justice department says not so fast over their purchase of a company. don't watch football? netflix is rolling out its first original content today. a political drama starring kevin spacey. and if you're making guac for the big game, consumers will consume 180 million avocados on sunday. next lion, tigers and bears. a super bowl prediction you don't want to miss. and is former president clinton teaming up with sylvester stallone? details coming up. >>> now to some other stories that caught our eye this morning. we begin in indiana and pennsylvania where snowy conditions proved dangerous for drivers. road closures and multicar pileups plagued commuters while low visibility claims two lives in detroit and injured others. >>> now to philadelphia where a scary tumble was caught on security cameras. the man was seen stumbling before he loses his balance and falls over the train platform. others helped to th

terminals and permits may come on-line one at a time, slowly over the years. >> exxonmobil and also devon. thank you for joining us. >> thank you, sir. >>> making a deal, here to talk about mylan. numbers came in at the top of the range. like guidance, stock pell over five years. using that capital to make deals. agilla, i don't know them, what do they do? >> part of stride out of bang lower, india. one of the sterile injectable drugs. from filings, approvalsing wi, facility producing sterile injectables. it is important around this therapeutic category. >> who are you going after with this deal? >> it will accelerate long-term earnings growth. a target of $6 in 2018. as we continue to double our business over the next five years, this is an important catalyst to get us there. >> and can i play the role of herb greenburg? herb, i know you -- >> i'm sure he misses me. >> unfortunately, herb's mother passed away pz. >> oh, i'm sorry. >> our thoughts are with you, herb. he has been critical of you guys, how do you know what will happen three and four years from now? >> i don't think it is so

how would you like to get paid for shares at exxonmobil at a discount? the crude deal. the action begins right now. >>> nasdaq markets in the heart of new york's times square. i'm melissa lee. these are the traders and these are the days you need to be in stocked. 14 grand and counting, closing at the highest level since 2007. is it too late to get in? how should you play right now? this move to 14,000 and beyond, it's happening without technology, in large part and despite the lower move we've seen in apple. >> no doubt about t apple aspect is a very bullish thing. a lot of people, especially in q-1 last year when apple really went parabolic, i felt it was dragging the market up with it, almost 5% of the s&p at one point, 20% of the nasdaq. we have a broad ral lichlt apple's not participating. let me just tell you, people, this thing scares the heck out of me up here, all this complacency. futures are down four points in the last month alone. there's a lot of complacency. i hate the euphoria. i think you have to wait and take a pause. i think the complacnecy. >> why ar

conoco-phillips closed up 2.8%, and exxonmobil rose 1%. major health insurance stocks were under selling pressure after the government released its proposal for medicare advantage rates for next year, and those rates were disappointing for major insurers. humana fell 6.4%, universal american was down 4.6%, and united health shed 1.2%. the final medicare advantage rates will be announced april 1. meantime, medical device maker medtronic saw its shares fall 2.8%. volume more than doubled with the stock settling at a five- week low. quarterly earnings were slightly better than expected. its core heart and spinal products continues experiencing herbalife reported quarterly results after the closing bell tonight. it's a nutritional supplement company with two hedge fund giants fighting over the company's business model. one calls it a pyramid scheme, the other says it's legit. quarterly results were two cents better than expected. before the results, shares were up 2.6%, adding another 2% to this closing price in extended hours trading. as the

exxonmobil, you know what their profit was? $44 billion in 2012.he last thing they need right now is your tax dollars as subsidy. the balancing act also closes other pointless loopholes the rich take advantage of. we should point out mitt romney ran on a similar tax plan. his former running mate paul ryan should love the balancing act because it reduces the deficit. everyone inside the beltway considers mr. ryan just a very serious person. but here is how paul ryan wants to reduce the deficit, with nothing but cuts. and here is the balanced approach from the progressive caucus. you know, when we need budget advice in the future, i think we should kind of push paul ryan off to the side, like we did in the election. and for now, we should turn to the house progressive caucus for advice because they are very serious people. >>> it is hard to imagine a tool that can better minimize the risk to civilians. >> senate democrats are demanding answers about the targeted killing of american citizens. colonel jack jacobs, sam stein of "the huffington post," an

it puts it just behind apple and exxonmobil in net worth.the starbucks fan claiming the record for the most expensive starbucks drink ever. something he is calling be quadrogin octuplets frap -- it is more than twice the previous record but because it was his birthday he got it for free. >> everything is ridiculous out now. everybody ought to make money -- especially the government. >> drivers and houston are very concerned about the fire department's plans to charge a crash tax responding to accidents. it ranged from $500-$2,000 depending of severity. officials say the tax is aimed at drivers who are at fault and the bill will be sent to insurance companies. the money will be used to help fill the budget deficit. drivers say they are not sure what will happen if insurers do not pick up the tab. jibril might care in missouri highlights the need for motorists to pay attention especially in works zones -- a red light camera in missouri. if >> the is idiographic. some may find it disturbing. two employees are standing near an intersection here.

incredibly strong, green arrows practically everywhere except merck and exxonmobile.g giant for its part down more than 2%. quarterly earnings beat street estimates but sales disappointing for investors. that one is in the red. in terms of the dow jones industrials, you have the banks leading the pack. bank of america, nice move, 3 1/2%. jpmorgan 1 3/4. you have verizon, at&t, microsoft not bad at all. verizon got an upgrade by piper jaffray, going to outperform from neutral. at&t up 2 percentage points. microsoft is up 1 3/4%. what is fuelling the gains? a whole bunch of things folks. by the way the small cap russell 2,000 at a new high as well. part of it tactical. fund managers as we know have to take some of the cash that has come in and they have to put it to work specifically in the market depending on their mandate. that typically happens in the first few days of a brand new month which is what we have. but also helping the bull case, some economic data, manufacturing activity picking up last month. the ism manufacturing index rose to 53.1 in january. up from 5

exxonmobil still evil if it paid more than $31 billion in taxes and chevron still represen thoss paying highest rate, they don't rate any media attention -- that good. mark zuckerberg paying no rate buzz not rate any media attention, what his company does is gd, and cool. even though really, does not end up with washington seeing cool cash. lingeredin pays zero percent and walmart pays federal income tax north of 32%. caterpillar 30.7% or mcdonald's 31.3%. food for thought. this is media double standard makes up to the puke, and ignoring warning of no let than mitt romney make you want to puke even more. bemoaning half of the americans who pay no federal income taxes at all, so many groups were getting their nose out of joint, no one asked, how the heck we do the that number? how is it, that half of all eligible americans are not pay anything federal income tax. some are for a legitimate reason, but half? romney talked about everyone having skin in the pain, ronald reagan share that idea, that is why he shut down so many tax loopholes and special corporate ex semptions in 1986, making s

. >> exxonmobil. part of my question to you -- sometime of the next few months, to the point of your remarks, we are going to be faced with either sequestration or beginning of some kind of reduction in government spending. did you give us your sense of how you think it might play out and what the implications might be for the economy? given the fact that consumer spending is still probably about 70% of the gdp, the implications for the consumer? >> i think sequestration, the worst aspect of sequestration is not the overall cut. because we know we need to trim spending and we need to cut or change the trajectory of our spending going forward, predominantly entitlement spending -- medicare, medicaid, and social security. without that, i do not they will ever get our budget under control and at some point we will be downgraded by the other rating agencies and that some pulled the we will start to see interest rate increases and the people that hold our debt around the world less interested in holding it

it's an llc owned by affiliates of shell and exxonmobil. california face most.ported. i am standing on a game changer. as you said two to three miles below me is two-thirds of the nation's shale oil reserves that are still on tap. take a look at this graphic. if you look at the eagle ford shale in texas, it has an estimated 3 billion barrels. north dakota bakken has 4 billion but monterey shale has 15 billion if it can be tapped economically. it could be huge for the economy and gas prices. unemployment here in kings county averages 15%. then there are the tax revenues. government would get 12.5% from sales of any produced on land. it would be good for us. last year in 2012 we brought in $190 million. we share half that revenue with the state of california. >> you're seeing any benefit already? >> what we're seeing a few local jobs and some spending in the local economy for quite a bit of exploration. but those are relatively small dollars compared to the potential of what could be. >> now but and there's a big but the sierra club want as moratorium on all of th

. >> reporter: now, despite again the $800 a share close, they are third in value, number two exxonmobil and number one apple. google reportedly considering taking a playbook from apple, a page from the playbook, by opening retail stores to sell going the branded hardware. those reports give no time frame for when google may enter the market. >> they keep reinventing themselves and expanding the brand. >> reporter: that's what makes them successful. no question about it. >> thank you, mark. >>> the chp ready to pull out extra patrols from oakland unless the city can come up with the cash to pay for them. kpix 5 reporter ann notarangelo on what it would cost and where the money would come from. >> reporter: since patrolling the streets of oakland, the police department says in some cases violent crime is down and they don't want to mess with the momentum. >>> reporter: november 1st, the chp joined additional local and federal law enforcement personnel to stop the escalating violent crime on oakland streets. they focused on the most dangerous crimes, homicides, shootings and robberies. >>

but how does exxonmobil and chevron, two down energy stocks, and what is their impact on the move.h lipton is with us. hi, josh. >> each sector has had a different role in the push it 14,000. first up, exxon which beat expectations on the bottom line on strong results and its chemical and refining businesses. but the oil giant also told us that it produced less oil and gas than it said it would back in march. stock right now, basically flat but since the peak in 2 thu 7, energy giant is actually down about 3% of the 880-something point we tacked on in 2013. exxon only contributed 26 points. then chevron, better than expected fourth quarter earnings as its refining business boosted profits. stock right now showing modest gains. but a better long-term story here. chevron is actually up about 24% since october 2007 and has added 60 points to this year's surge. worth noting, the role of the energy sector has also played in this broader rally between 2009 and 2013. energy lagged one of the reasons for nervousness last year, investors anticipate a big correction in the price of oil that

money will go into places like johnson & johnson and proctor & gamble, exxonmobil. those are companies that have good stable dividend growth, good strong balance sheets and they're the ones that will pick up the cash flows as investors look for a place to hide out of high volatility areas. liz: well, gentlemen, that's the thing. you're big thinkers. you're always cautious. you always have idea. we like that. thank you so much for joining us. >> thanks. >> thank you. liz: bill stone and lance roberts. ashley: all right. we talked about this in the last hour, liz. apple is sitting on lots of cash. now fund manager david ion horn's -- einhorn's firm suing the tech giant saying they need to unlock shareholder value. apple has put out a statement. we'll talk about that more after the break. liz: building trucks ram tough. look at that grill. we'll head back to chicago for the largest auto show in america. we'll talk to the ceo and president of ram trucks. ♪ . ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married,

dick's, exxonmobil, cit i and sodastream. >> you look at underfl armor, nike, and you look at the stockcan go mobile. >> going domestically with shale gas in canada, you will see lng skpor tags and they will be a leading player. >> what is up with sodastream? >> it rallies into the number but it looks like a great growth story for 2013. i like the stock. >> what's the scoop on citi? >> same story there. citi has a massive unlocked amount of value if they decide to break up and financials have been leading and will be leading. stay long but have protection underneath in the form of putting. >> all right. final trades up next. ty, while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class monitoring centers and thousands of qualified technicians. we've got a personal passion to help your business run safer, smarter, and sharper. we are tyco integrated security. and we are sharper. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three

pollution but you look at how consumers fare, oil prices will get more and more expensive even as exxonmobilexporter of crude oil by 2025, it won't lower the price for working families. the longer that we stay tied to fossil fuels the more enslaved we are to fossil fuel, higher prices and instability that comes with fossil fuel. >> but there's arguments that the kind of ration enamel arguments you noted before as the way we were leading on this issue for 30 years and you are saying it's more about power than arguments. it's more about how many people you can deliver on the mall, how many calls you can get into a senator's office. >> we won the scientific argument 20 years ago. i wrote the first book about all this in 1989, okay. but we also have to match the incredible financial power and that's what moments are about and it's starting to happen. wednesday, you know, i had the great honor of being handcuffed in the paddy wagon next to julian bond one of my great heroes and he was telling stories about going to jail in 1960 in atlanta to desegregate lunch counters and he was saying this keyst

look at apple the past week, exxonmobil, they reported record-breaking profits. so when you talk about why the market is as high as it is, it really depends who you ask as to how important it is. and the real deciding factor will come in march when congress is expected to take up the issue of spending cuts again. that could turn things around. you could see the market do a 180 and start going the other way. >> right, sequestration, we'll see how the numbers respond, of course. they will. alison kosik for me in new york, appreciate it. >>> now to cairo. look at the scene. this is just outside of the presidential palace. thousands of opponents of the president of mohamed morsi there, hurling, saw the smoke there, rushing, molotov cocktails, setting off fireworks at the outer wall of the palace compound. at one point, a fire began burning at entrance. look at this. police have retaliated. they have fired water canons, tossing tear gas at these crowds that are growing larger and larger. i want to go straight to cairo to our senior international correspondent, ben wed

exxonmobil, bp, diamond offshore, all these companies are out there, so you've got westerners operating in the region and if you start seeing attacks like the one we saw in algeria, that's going to cause some impact economically. you will see that, but the other thing is, i always use france as an example from a threat to base, you have 10% of the french population is of some percentage north africa, whether its first, second, third, or fourth generation. you have individuals from within these groups that are sympathetic to the aqim cause or the islamist cause in the region, you know. if you keep this unchecked what you're going to have is a migration flow, potential attacks in europe, yeah, people with the dual citizenship. whether they are carrying a french passport or whatever passport. so you've got to look at this in a holistic way. also if we continue to allow this black market to fester, that's going to continue. i mean, a good chunk of cocaine now going into europe is coming through the plains, and it keeps growing and growing. so there are multiple factors. we can go on and on,

exxonmobil, vp, offshore, all these companies are out there so you have the westerners operating in the region, and if you start seeing the tax like the one that we saw in algeria, that is when to cause some impact economically you are going to see that. the other thing is there is -- i will use france as an example from the four ret base you have 10% of the french population is of some percentage in north africa whether it is first, second, third, fourth generation. you have individuals from within these groups that are sympathetic to the cause or the islamist cause in the region. if you keep this unchecked what you have is a migration flow of the attacks in europe. people with dual citizenship is, whether they are carrying a french passport or whatever passport. so you know, you've got to look at this in a holistic way. also, if we continue to allow this black market to fester, that's going to continue. a good chunk of cocaine going into europe is coming through the plains and keeps growing and growing. so there are multiple factors we can go on and on but we have to look at this holi

and for six months out of the year she would work for exxonmobil, and she got a job offer right away afterwards as an engineer where their plant -- with their plant. so that model of kind of working and learning even for adult learners, um, some of the best work force programs are those that combine on the job training so that you can contextualize and understand how what you're learn anything the classroom has rell to a job. what are some ways we can -- >> just to that point, zakiya, because i really appreciate you bringing that up. we were talking about how the vast majority of traditional students for hundreds of years have been landlocked around the physical location. that physical location has other sort of negative consequences as well, one of which is if you're on campus and have four courses, it's very difficult to do anything for a meaningful amount of time during your week. by anything i in particular mean internships, jobs, being able to actively engage in the work force. so what ends up happening frequently is most young people will do something, but it will be an on-camp

and $4 a gallon gasoline, it baffles me that our country continues to subsidize companies like exxonmobil and b.p. yet republicans are willing to pink slip 750,000 american workers just to protect billions of dollars in handouts for these five big oil companies. it's time to end these subsidies. there's no question that we need to cut the deficit, but that we need to do it in a balanced way that protects the middle class. the budget control act passed before i came to congress reduced the deficit by more than $2.5 trillion mainly through spending cuts. there are certainly other areas that can be cut, but we should be strategy in cutting spending to reduce our deficit. sequestration takes the exact opposite approach. it irrationally cuts programs that have proven to be effective in our worthwhile investments. congress needs to act immediately in order to avert the see quester. republican inaction threatens to leave these indiscriminate cuts in place, killing jobs, undermining public safety and first responders, and injecting more uncertainty into our markets, harming our economy. our natio

at a time when chevron and exxonmobil are making record profits, we close a whole series of loopholes which we know will generate significant savings -- 94? >> 94 billion. we carry interest. yachts and those sort of things, we close those loopholes. that is a smaller amount, but significant and every penny counts. those are the basic loopholes. jerry has a list. >> the list is -- limitation on certain deductions and exclusions, $482 billion. close the carried interest loophole. jets and yachts. $4 billion. close international tax system loopholes, $161 billion. and fossil fuel tax loopholes, $94 billion. earned foreign income. corporate deductions for stock options loophole, $25 billion. and s-corporation $13 billion and reduce corporate meal and entertainment to 25%, 70 billion. those are the tax reforms. >> look, we can actually get to a solution if the democrats would stop talking about yachts and oil companies and things like that. how do you respond? >> he's saying if we don't ask the wealthiest americans to help, then we could go to a exclusion? that's ridiculous. so senator mcc

exxonmobil. my question is for you what. sometime in the next few months to the point of your remarks we are to be faced with sequestration we are in the beginning of some kind of a reduction in government spending. can you give your sense of how you think that might play out and what the implications would be for the economy? and given the fact that consumer spending would is still probably about 70% of the gdp what the implications for the consumer? roi >> i think the sequestration the worst aspect of the sequestration is not the overall cut because we know we need to trim spending and change the trajectory going forward ahead. predominantly entitlement. without that i don't think we will get the budget under control and some point we will be downgraded by the other agencies and of some point we will start to see interest rate increases that the people that hold their debt to around the world less interested in holding it with very low interest rates. all of those will affect the u.s. economy. so that having been said when