so exxonmobil, rex tillerson, the secretary of state, used to be the ceo of exxonmobil, he's now come out and supported pulling out of the climate deal as a policy frame work, but exxonmobil doesn't and he is believed to be one of those people who didn't want to pull out. it's interesting because president trump talked about it being about jobs, talked about it being about american business interests. there might be more to it than that. >> this is about partisanship 100%. this is president trump getting back to those campaign promises, playing to his base, because if you think about it, across the board businesses, you mentioned it, dow chemical, google, exxonmobil saying this will not create jobs. those clean energy, solar, wind, they have employed 500,000 people in 2016 and the coal industry was more like 160,000. the president is saying i want to bring jobs back and help the american worker. that's not what this does. what this does is say i promised you something, i'm going to get it. he has yet to tell you how he will actually deliver that. >> now, if you want to take a sophisti

of exxonmobil. we'll see where this goes, but of all the people around trump who might be indicted, now we might add the secretary of state. the attorney general of massachusetts is also pursuing exxonmobil against equally fierce tactics by exxonmobil lawyers. to try to get away from the massachusetts attorney general, the lawyers even went so far as to claim -- get this -- that exxonmobil was not doing business in massachusetts. that it didn't have the minimum contacts with the commonwealth of massachusetts necessary for the state even to assert jurisdiction. well, the judge virtually laughed that argument out of court, but it shows how desperate exxonmobil must be feeling as it tries to wriggle away from having to answer questions under oath. nothing turns a big lie into a hard fall better than having to put that right hand up and give truthful testimony and face cross-examination under penalty of perjury. will the securities and exchange commission take a look at this sham reporting, too, or has

those companies include chevron, exxon, exxonmobil, i should say, walmart, microsoft, apple, nike, among others. >>> as we mentioned earlier, oil prices today touched a three-week low as rising libyan production fueled concern that the opec-led output cuts are being undermined. but the dynamics in the oil industry could change. venezuela, one of the largest oil producers, is in economic crisis in large part because of the drop in prices of oil over the past couple of years. jackie deangelis explains why the energy market is watching venezuela so closely. >> reporter: venezuela's economy has been teetering on economic collapse with widespread shortages of just about everything, including food and medicine. low oil prices could be catastrophic for the country, because venezuela sits on more oil reserves than saudi arabia, roughly 300 billion barrels. and production is little more than 2 billion barrels a day, accounting for 95% of the country's export revenues. but with unrest on the streets and oil revenues downs, the government has less money to invest in the upkeep of its oil fields and

president's chief economic advisor as you know, major american companies including energy companies like exxonmobil, they supported the paris climate agreement. they didn't want the u.s. to pull out of it, the ceos of g.e., apple, so many other companies said pulling out would be bad for american business. so explain and you're an expert, why the president is right and all of those business leaders are wrong? >> so, wolf, what the president did here and what is important to understand is when we came to the white house we inherited c.o. 2 targets to 26 to 28% by 2015 that were just unrealistic. we cannot get there in the united states without regulating carbon usage in this country. we do not want to be in the position of regulating carbon usage. we want to be in the position of growing economy and growing jobs which can really happened here and what you have to understand is we as a country have done an unbelievable job on diminishing our carbon output by ourselves. our technological advantages and natural gas is putting us in a place where since 2006 we've already decreased -- we've increased nat

head of exxonmobil said it was a mistake. the companies don like this at all.is saying the deal is a job killer. yes. and, bear in mind the constituency that trump was appealing to, the kind of person in pennsylvania, who looked at his steel work, rusting away, and there would be nojobs there for ten years, that is the kind of person he was talking about and the guardian quotes him as saying i was elected to represent the citizens of pittsburgh not paris which is the point. this doesn't come as a surprise, because it is as giles said a manifesto commitment. it is a tragedy, and unless some kind of alternative deal can be negotiated, then we he will be in

>> i wanted to know if you think exxonmobil is safe or change my position in exxonmobil? >> we won't add oils until the oil test 45 again. i do prefer chevron to exxon. arden in illinois. >> caller: yes, it's indiana, hi, jim. >> what's up? >> caller: my question is about alegan air? >> we're buyer southwest air, love not for sale. that's right. love not for sale. that's the best performer. how about roger in washington. roger? >> caller: jim, i want to thank you for your service to america and to us, trying to make our lives better. >> thank you! doing my best again. what's going on? >> caller: here's a question. a long time ago, you gave me advice on novartis. the latest i heard, they paid $50 billion in 2011 for alcon, now, they want to divest part of the eye care business and institutions are nervous they want to take on bristol meyer or celgene. the question is, do you hang with the stock or do you end up selling and saying -- >> don't sell. the margins are really good, up 12%. they're smart guys. if they thought the others were a buy, i would agree with them. that's

it's companies like exxonmobil. it's people like pope francis, who i hope, and i think one of the reasons we haven't seen so many tweets and, you know, sort of knee-jerk reactions saying that we need to pull out of this paris accord is because he's had input from people who we see as equals or his stature of influence in the world. trish: and i would add that we hear his daughter and son-in-law are proponents of saying in the accord. that said when you look at this accord, ford, i have some problems with it. and here's what i don't like. i don't like the fact that we have to reduce by 30% when india has to reduce by 35 or 40%. and we know it's more painful to reduce because we have ayou better carbon footprint. if you go to india, china, russia, any of those countries, they pollute like nobody's business. so why are we not asking more of them? why do we have to burden all of this? >> well, i think that's exactly right, trish. we need to be pushing other countries, and that's why i suggested if you're not going to fu

head of exxonmobil said it was a mistake. the companies don like this at all. that is a positive of the whole thing. trump is saying the deal is a job killer. yes. and, bear in mind the constituency that trump was appealing to, the kind of person in pennsylvania, who looked at his steel work, rusting away, and there would be nojobs there for ten years, that is the kind of person he was talking about and the guardian quotes him as saying i was elected to represent the citizens of pittsburgh not paris which is the point. this doesn't come as a surprise, because it is as giles said a manifesto commitment. it is a tragedy, and unless some kind of alternative deal can be negotiated, then we he will be in real trouble. he says he wants to renegotiate... the irony is he didn't win pittsburgh. that is ironic. one of trump's central pledges was about jobs, andi trump's central pledges was about jobs, and i think his diagnosis was right but the solution is wrong, it is aboutjobs but the jobs are being taken by the robots no the immigrants. what is really interesting as w

. >> big companies like apple and exxonmobil said it would make the world more competitive in business, and he said nations remaining in the paris accord will be the ones that reap the benefits in job created. >> and check out the cover, the sharply-worded criticism reads trump to world:drop dead. trump is turning to court in the nation to take up the ban on travelers from seven muslim-majority nations. lawyers with the justice department say the appeals court is second guessing the president's motivations. >>> i thought we would start with opening the weather window. walnut creek, some of the commuters heading towards 24. let's look at your commute planner. looks like it's going to be good jut about everywhere on the roads, it's going to be dry, and a lighter breeze around the bay and a lighter afternoon if you are taking mass transit. we have a few graduations today. we'll take a look at those throughout the next couple of hours. here's what is happening in san francisco. we have low 50s just about everywhere from glen park to 52, and a few 53s out there, and we have 55 right now in

a few days ago, the chief executive of exxonmobil, the current one, also wrote the esidena letter arguingshould keep, quote, a seat at the negotiating table to ensure a level playing field. and then there's the entire rest of the world. the paris climate accord has been agreed to by 193 countries plus the eu and palestinian authority. if the u.s. does leave, we would join the two countries on the entire planet not in agreement with the accord. one is syria, which is, well, in the middle of a brutal and ghastly civil war, a a a aaris c non-binding, meaning it's for all intents and purposes a voluntary collective effort to name targets and then hit them by the majority of the world's countries, the overwhelming majority, to try to curb the warming of the planet. if the president does pull out, it could have severe implications for the world and the u.s.'s role in it. according to the german ambassador, if u.s. withdraws from the agreement, china may become the world's leader. joining me, senator ed markey. senator, what are the stakes here to you? >> well, the stakes are huge. if he says th

the former exxonmobil ceo blew up at the presidential personnel director in front of jared kushner andpriebus. according to politico he was furious he wasn't allowed to staff the state department with his preferred nominees particularly since president trump said he could hire who he wanted. he complained about the lack of loyalty within the west wing. >>> marijuana may be legal in colorado but that didn't stop authorities from busting up a pot ring. they were accused of posing as legitimate dispensers as they moved 100 pounds of pot out of the state each month. >> the going rate of good quality marijuana on the black market is approximately $2,000 per pound. so the revenue would have exceeded $40,000 a month. >>> it's the biggest pot bust. >>> a jaw dropping police shoot out all captured on camera next here on "early today". noo introducing the easiest way to get gillette blades text "blades" to gillette on demand text to reorder blades with gillette on demand... ...and get $3 off your first order intrzero alcohol™.ine® it delivers a whole mouth clean with a less intense taste. so it

exxonmobil supports paris. shell oil company supports paris. this president is just, you know, and i was being sar kas particul sarcastic. he's nuts and he has seized on to this theory that global warming is a hoax when the whole wide world, business, government, labor, everybody understands that -- >> jason, to say that this was more about appealing to president trump's base than it was based on policy, what do you say to that? >> this is about protecting our economy. i mean, the fact of the matter is, we don't need met faphors here. china wouldn't have had to do anything with their emissions until 2030 and the u.s. would have had to reduce theirs by 26 to 28% over the next eight years. this is completely unfair. we're a nation of laws. we would have to enforce it. you know that china and russia and india and other countries would just laugh at us. >> there are so many things being stated by the right -- china has goals like the u.s. has goals. china has stopped 103 coal plants just this year. renewables is larger than -- >> governor, doesn't

exxonmobil has a lot at stake. they voted yesterday to have overwhelmingly more transparency and how climate change will affect their bottom line. donald trump is receiving this pressure from a lot of u.s. expects, including tech companies, as you mentioned, sales for ceo tweeted a bunch of u.s. companies tweeted to the president urging him to stay in the accord. they're worried about what kind of business implications this is going to have on their companies and their ability to negotiate overseas. but as you mentioned, we're also seeing this from energy leaders who, one, are sick of the pr fiasco about what they feel about climate change and, two, quite frankly, again, are worried about how this implicates them in foreign markets. >> we'll be watching that ceremony at 3:00 p.m. to see exactly what the president will say. sarah fisher for us, thank you. >>> turning now to russia, the questions are mounting just as the white house says it will no longer be answering them. a source close to james comey tells nbc new

you have members of his own administration, rex tillerson, the secretary of state, former ceo of exxonmobilay in this. we were just on this foreign trip over the last couple of weeks with the president where other members of the g-7 were pleading with the president behind the scenes to stay in the paris climate agreement but the president told the french president macron that he was under heavy pressure back home and the way the people feel in the u.s., they want to get out of this paris climate agreement. if you look at the polling, that is not the case. more americans want the white house to stay in this agreement but the president is very much bowing to conservative political pressures. had he not done this, i think you would have heard that he's not making good on everything that he was saying out on the campaign trail. this would have been damaging politically to the president had he not pulled out of the paris climate agreement. you're going to hear people saying, well, this may be damaging to the world, this may be damaging to the president to pull out of this climate agreement becau

that's why major companies, among them exxonmobil, i mean major fortune 500 companies, all supportedknow what this means in terms of their job base, their growth and economy. >> president said he was elected by the people of pittsburgh, not the people of paris. >> well, indeed, absolutely true. but there's nothing in what that paris dictated. there's nothing in what america agreed to do in this agreement that came from france or came from britain or any other country. we are doing what america decided we could do and should do that was appropriate. >> he said he would honor the timetable for withdrawal, which would in effect take it past the next election. would it not? >> well, he said as of today he will stop the implementation. so it depends on what scott pruitt and the epa and others continue to do. i mean, tell me, where is the constituency in america to put coal sludge back into rivers and lakes? but that's what he's done. he's signed an executive order to do that. where is the constituency to reduce the ability of cars to -- to maintain lower automobile emissions? why would yo

. >> reporter: big companies like apple and exxonmobil said 125iing in the agreement would make the world more competitive in business. president obama agreed saying in a statement the nation's remaining in the paris accord will reap the benefits and jobs and industries created. kendis and diane. >> that's kenneth moton, thanks. >>> this morning many countries including many of our allies expressing deep disappointment. >> china said it's committed to the goals of the accord regardless of the president's decision. and the leader of denmark said it's a sad day for the world. abc's molly hunter has much more from london. molly, good morning. >> reporter: good morning, diane. that's right. climb change is not the subject of partisan debate on this side of the pond. the paris accord is widely supported but president trump did speak with a number of leaders including british prime minister theresa may and all vowed to forge ahead without the u.s. this morning, global headlines taking aim at president trump. in germany, danke, donald, in france, good-bye, america. and here in the united kingdom

. >>> the new york attorney general is accusing exxonmobil of misleading shareholders on the issue of climate change. the accusation was made in a legal filing. it's the latest development into the investigation into the company's role in accounting for its potential cost. new york's attorney general claims exxon used secret internal figures that were lower than public numbers between the years 2011 and 2014, when the current secretary of state rex tillerson was exxon's chief executive. exxon called the allegations inaccurate and irresponsible. >>> no secret that twitter is trying to get more people to tweet these days. it's also trying to attract more advertisers to increase revenue. to do that, it has to give brands what they want. and they want information. about you. so twitter is trying to figure out who you are and what you like based on things like your browsing history. and it uses that information to create your profile which you can now look at and update. and with so much personal data out there already, you would think that they would know all there is to know about you. b

that's why major companies, among them exxonmobil-- i mean, major fortune 500 companies-- all supportedparis agreement. because they know what this means in terms of their job base, their growth and economy. >> mason: the president said he eos elected by the people of pittsburgh, not the people of paris. >> indeed, absolutely true. but there's nothing in what america has agreed to do in this that paris dictated. there's nothing in what america agreed to do in this agreement ncat came from france or came from britain or any other country. we are doing what america decided we could do and should do, that was appropriate. >> mason: he said he would honor the timetable for withdrawal, which would in effect take it past the next election. would it not? >> well, he said as of today he will stop the implementation. so it depends on what scott pruitt and the e.p.a. and others continue to do. i mean, tell me, where is the constituency in america to put dgal sludge back into rivers and lakes? but that's what he's done. he's signed an executive order to do that. where is the constituency to reduce

i will use that quote/unquote chasing exxonmobile. you get caught up on a yield play, on a valuation play. if that happens now, yesterday you guys talked about nordstrom's. that's running to be private. there's going to be other companies, american eagle, abercrombie. you watch these guys who is going to go home short these names? they could get dragged private. it's not worth the risk. it's not worth a bright future. i think it takes that short overland and forces people to buy a retail sector that's been thrown out. >> we talked about trades and the impact of ets, particularly the qs. the qs today we saw extremely heavy volume, 4.5 times the volume traded in this particular session. did we see that race for the exit? >> to me, again, i think in the qs, you have a liquidity trade. you have a lot of people being very defensive, playing the qs, playing the big names in the qs. we have an enormous amount of volatility. i would make the argument it was a reaffirmation for growth. i could feel very good and say forget what happened, if yo

lauren: exxonmobil shareholders voted in favor of more transparency of the risk posed by climate changepolicies. ceo darren was say in the matter will be reconsidered taking a look at shares of exxon downtown% from a year ago. former exxon ceo rex tillerson advising the president. cheryl: he's been saying we should stay in the cord that sounds like we will not stand the cord. interesting times for the white house has always appeared speculation about joe biden's possible presidential aspirations for 2020 starting to heat up again. according to multiple sources, the vice president for launch a political action committee today. the pac will give away to develop and maintain relationships with donors, travel on the off of the democratic party contribute to next year's midterm election. by mask or disguise the field campaigned saying he thought that he was a great candidate. biden declined to run for the democratic nomination in 2016 following the death of his son. interesting he may be getting back into the arena. lauren: are reconsidering. police in florida have released the dash cam vide

exxonmobil. you had the floor, buddy. elon musk. i'm not even doing business and he was on trump's -- so here's the deal. if you have bunch of people who are trump puppets sticking around here. we have to go. don't worry. >> kimberly: ask him if he's done with his -- >> juan: advocate all leadership and let china and the europeans take the lead? you told me don't listen to nasa -- oh, attack nasa, go right ahead. >> jesse: they want these deals because they can sign these fat contracts with these third world countries that get paid off of taxpayer subsidies. of course china wants this deal. they get to do whatever they want. >> juan: you know what happened today? the french president -- you know what he said? >> greg: what? >> juan: trump is just doing doing -- he's just saying i can get a better party or cheaper price. the president of france said forget it, buddy. no renegotiation. >> jesse: we don't listen to the french. look at how they were in world war ii. 6 million jobs lost and $3 trillion. how is that a good deal? trump is

exxonmobil lobbied to stay in it. shell wanted us in it. walmart supported it.ies ran the numbers, turns out if climate change destroys hum earth, it could be bad for business. [ laughter ] this deal that trump backed out of, this is a deal that was signed by 194 other countries. the only two countries who are not part of the paris accord, besides us, are nick walkiaragu syria. and they're doing great. i guess it's not a surprise, the fact that he pulled out. the president has been very big on pulling out ever since he had donald jr. [ drumroll ] [ laughter ] [ cheers and applause ] >> jimmy: thanks, everybody. meanwhile, i'm sure you know about covfefe at this point, right? so just after midnight yesterday the president wrote, despite the constant negative press covfefe. and that was it. and with that puzzling half-sentence, for a brief shining moment, donald trump made twitter great again. [ laughter ] twitter went absolutely berserk. not since phil collins gave us been so utterly fascinated and perplexed. you know a typo is bad when even melania is like, i'm

but general electric, major corporations, exxonmobile and shell. >> these companies are betting on the energy and seeing the bits of it. some of it is political for them, some of it is pc, i get that, but what they should be about, not just standing their ground on the paris accord, but helping the country me the transition in a way that you are seeminglyupportive of helping coal miners and others transition. >> there is also the issue of america's standing in the world, a very graphic illustration of the way that germany now is looking at donald trump, on the golf course. >> he loves that cover, his base love that's cover. his speech was designed not for the folks behind that. >> you know who also does? germany. the premier who was in berlin, stepping back from the world with tpp that would have been canceled by hillary clinton, both parties blinding their eyes to our place in asia, and china is filling that vacuum, and china, not russia. >> i don't think that i'm buying the whole china is the big kahuna on the block. >> look at the numbers. >> they're doing a lot in the area and all

>> caller: my question is on exxonmobil given the current environment with the oversupply of crude, and the push for renewables, what is your long and short term outho outlook on the stock, buy, sell, hold >> mr. t came up with the answer when he said his forecast was "pain. exxon is a very good company and oil can bounce i believe but i've got to tell you, the problem is this, oil is so -- if you don't get a light rig count number on friday, it will be another leg down in these stocks so i have no conviction. long-term it's worse alternative energy has gotten so cheap, all these company also have to diversify. right now, it's just pain. how about joe in new jersey. joe? >> caller: hello, cramer thank you for having me on it's an honor. >> all right >> caller: my question is on craft heinz. i've owned it for about 2 1/2 years. with amazon buying whole foods, how will that affect the food producers? >> they have to get together there has to be mergers, but it takes two to tango someone has to capitulate. i'm sure craft heinz wants to buy anything but the problem is they need a seller bec

and new york, and big companies like apple and exxonmobil said staying in the agreement would make the-- excuse me, staying in the agreement would make the world more competitive in business. >> jerry brown said this. >> this is an insane move by this president. the world depends on a sustainable future. it's going to affect people's health and the stability of countries and our entire future, so yes, this is bad, and it's tragic, but out of that tragedy, i believe, america and the rest of the world will mobilize. >> governor brown told politico he will spend the week in which i not participating in a global clima climate summit. >>> and following our big win, the blowout over the cavs in game one last night. did you see kevin durant. >> he dominated the cavs scoring a game high 38 points. and the warriors cruised to victory 113-91 and now lead the series one game to none. >> we could be a lot better than we were tonight. but in the finals you get a "w" and we'll take it. >> we just have to be ourselves and worry about any other story line, it doesn't matter to the game, and we were re

the major fortune 500 companies like exxonmobile are current secretary of state's former company.companies, dow chemical, google, apple, all of them are completely displaced by this step that the president has taken. so what i want to make clear to people in the world who are listening to this. donald trump left this agreement, but the united states of america represented by the massive people who support doing something about climate change are going to continue to take steps that will try to advance american interests and global interests to deal with this problem. and i talked yesterday with the governor of california, jerry brown, the governor of new york andrew cuomo, with the governor of massachusetts, charlie baker him i'm glad to see the dpf of washington who i didn't talk to is going to be a part of an effort to continue to live by paris. and shortly, we will have a website up called live by paris.com. where people will be able to share their plans and their efforts and initiatives in order to do what president trump is unwilling to do. but it's a sad day for american lea

he ran exxonmobil for years. in favor of the united states staying part of the paris climate deal. where do you stand? >> yeah, i think it was disappointing he got out of the agreement, but at the same time, i think it's really encouraging that he's going to stay engaged with the international community, because we do a lot of work with the international community about technology deployment and those types of things to advance around a cleaner energy future. so, i think it's great news to stay engaged. it is an international issue that we need to solve from that standpoint. >> do you think -- are you confident, or what proof do you have that he will stay engage snead former secretary of state john kerry said maybe not so eloquently, it's like o.j. simpson saying he's going to find the real killer. everybody knows he's not going to do that. >> well, obviously, we don't know what the president will decide ultimately what to do, but at the same time, american business, the u.s., my company continue to be involved w

to be made here from the other side of the conversation is go ask g.e., go ask michelle, go ask exxonmobil. go ask rex teller's in the secretary of state, go ask ivanka trump. these people all say this is not good for american industry, not good for american jobs. it puts us as a disadvantage, it allows the chinese and europeans to take the initiative. >> sandra: they were absent from the rose garden and i'll give this to you, we were told that she was not president stomach present because of a jewish holiday. rex tiller's and who did save you should have a seat of the table because of this, he was in favor of staying in. what does this say about possible division within this white house on this decision? >> it means conservatives one which is great, that's a good thing for our country. this agreement would have cost the united states $3 trillion in lost gdp, 6.5 million industrial jobs. you know what it would've done to the global temperatures? it would have reduced global temperatures by 0.17 degrees. the it would've changed global temperatures in 85 years. not 1.7 degrees, 0.17 degrees.

exxonmobil's c.e.o. stayed to his shareholders just last week. but in the senate, i'm the senate author of a carbon price bill. i know who's lobbying where on carbon prices, and i can tell you, their statement is just not true. every single element of that soviet mayday parade of fossil fuel political weaponry is dead set against any such thing. so what do we from that? well, either big oil's c.e.o.'s don't know what their own lobbying apparatus is doing or they're just not telling the truth. you guess which. the strategy of the fossil fuel industry has been to control the republican party. you can jam things up by jamming up one party, and you can make it look like it's a partisan issue when it's just old-fashioned self-interested lobbying. in order to accomplish that purpose, the worst of the political threats and blandishments of the fossil fuel industry are directed against republicans. and as long as legitimate corporate leaders in america sit idly by while fossil fuel terrorizes and corrupts the republican party, there will not be much prog

and new york, and big companies like apple and exxonmobil said staying in the agreement would make the more competitive in business. >>> and then brown said california will resist the president's decision. >> this is an insane move by this president. the world depends on the sustainable future. he's going to the other way. it's going to affect peoples' health and the stability of countries and our entire future, so yes, this is bad, and it's tragic, but out of that tragedy i believe america and the rest of the world will mobilize. >> governor brown told politico he will spend a week in china meeting with high level chinese officials. >>> check out the cover of this morning's "daily news," and it reads trump to world:drop dead. he decides to hell with science and earth's future. >>> and then trump administration is petitioning the supreme court to take up his ban. the fourth circuit court of appeals found the ban intentionally bars muslims from the u.s. the appeals court is second guessing the president's motivations is what the president says. >>> fingers crossed, we won't have any del

even some people you expect to back an exit, whether it's exxonmobil, chevron, various others suggestinge stay, there would be severe repercussions when you add in all the g7 leaders backing it. >> i wonder if the repercussions will be more symbolic. it's a question of leadership. a lot of these companies, if you go through the letters, marc benioff of salesforce posted one last night. they seem to have the argument that it's about u.s. competitiveness, u.s. jobs, and having a major role among world nations. by the way, every single nation in the world is in this, we would be joining nicaragua and syria as countries that opted out if the united states pulls out of that. that's what president trump promised. he wants to make u.s. business more competitive and create american jobs. his closer advisors, like the ceo of dow chemical who has been a major backer of president trump since he joined the councils, he has urged him to stay in. >>> wilbur ross says he hopes to complete talks to renegotiate nafta by early january, well before mexico's general election in july. speaking at an event in

listen to ceo of major corporations including exxonmobil who suggested what carrie is talking about rights not fact really accurate. in terms of leadership in the world, this is where i'm really concerned. if you combined this with what happened when the president went and met with what were our nato allies, the big winner here is vladimir putin. the other big in wither, china. they now are asserting global leadership because the united states stepped back. we're retreating for the first time since world war ii. we are not leading the west. this is a disastrous moment for our national interest and just amazes me that there are certain republicans who don't get how bad this is. >> jonathan -- >> guys, let me get a question here, because i'm here. jonathan, do you think this is more of an impact diplomatically or environmentally here or one in the same? >> i think huge implications dip north dakotaly and the environment. the good news on the environment is that others in our country, governors, mayors, corporations are going to step up. the market is doing to say, you know what, steve banno

you can see that happening with even exxonmobil. so it is starting to happen in the marketplace. government shouldn't tell companies what to do. they have a terrible track record in the green space, socially responsible space. remember solyndra? market is rewarding it. david: we have breaking news. president trump announcing that u.s. will withdraw from paris climate agreement. we're joined now by treasury secretary steve mnuchin. secretary, a lot of us were surprised at the unequivocal nature of the president's comments announcing the withdrawal. there was some indication at the last minute he was changing things, softening his resistance to the paris accord. i didn't hear much softening, did you? >> i think the president was willing to listen to all the arguments t was very clear. he stood by his original decision. this knit about the environment. people isn't be confused. this is about this is not a good deal for the united states. as the president said we've been one of the leaders in reducing carbon. we've been reducing our emissions. we're one of the best countries for the

companies like exxonmobil, by the way, who, you know, was where rex tillerson came from are among thosees. it's also the oil and gas companies that see that this is the way the world is going and these are where the economic opportunities are going to be had. you have countries like china which are starting to outpace us in terms of the renewable energy revolution. india, which is making solar energy cheaper than coal. americans don't realize this. or there's a small -- about 33% of whatever that coalition is of trump voters who don't realize that in the end we could be the big economic losers who are embracing a time warp industry to try and save it and prolong -- or just prolong its eventual demise. >> steve kornacki, is there political peril here for all but the base? republicans in congress are going to be asked about this issue when they go home from now until the end of their time in congress. did you agree with what the president did? where is the benchmark level of support for this? >> it's interesting because in the past, donald trump is operating with a model we haven't seen b

you have exxonmobil saying we should stay in and you have labor leaders saying this is the wrong moreerican businesses and workers, the voices that speak says this is a bad move. >> if you have coal miners at home watching the president's speech in the rose garden, they could lose their jobs. those coal miners under the paris accord. >> if you look at coal mining jobs over the past century, they have been steady for the past couple decades. the reason we lost coal mining jobs is because of greater productivity in the coal mining industry. we ought to be doing something to ensure a fair transition for every american worker. the truth is if america's economy will grow and we stay competitive, we should be at the cutting edge of the clean energy revolution. donald trump has put up a closed for business sign on clean energy in the country. >> that is an interesting point. listen to the harrowing predictions that trump put out there. >> the cost to the economy at this time would be close to having $3 trillion in lost gdp and 6.5 million industrial jobs while households would have $7,000 le

out of the agreement, donald trump ignored the pleas of world leaders and heads of companies from exxonmobilapple to general electric and turned instead to a very narrow vision of nationalism. >> i was elected to represent the citizens of pittsburgh, not paris. [ applause ] >> joining me now is bob english, a former republican congressman from south carolina, and dan dicker, an oil trader and author. i should note just the pittsburgh line, the mayor of pittsburgh tweeted, hillary clinton received 80% of the vote in pittsburgh. pittsburghs stands with the world and will follow the paris agreement. i want to talk about how we got to this moment. what do you make of the fact that you have all these fortune 500 companies. you've got rex tillerson reportedly, the former head of exxon, who is the secretary of state in this administration, who is saying there's no reason to leave this thing. and the president, 22 gop senators and some folks in the white house get him to pull out. >> yeah. it is amazing, isn't it? i mean really the business community was looking for certainty here, looking for a pat

in fact, shareholders of exxonmobil now demand the oil giant stress test for climate risks. energy companies like exxon and shell are actually supporting the paris deal. it favors the cleaner natural gas they produce over coal, and coal, of course, is central to the president's threat to withdraw. the white house promises lifting environmental rules will revive that industry, but market forces, not regulation, may be the primary driver killing coal jobs. natural gas is not only cleaner, but cheaper than coal. it is so interesting, because even people in the president's inner circle see differently than the president does. >> gary cohn, notably. >> absolutely, yep. >> well, it is interesting. some say regardless of what happens with paris, the president has already undercut the agreement anyway by executive order, so -- >> and that's one of the things inside the white house that he is being counseled, that already the united states is gutting so many of these environmental protections that you can't stay in the paris climate agreement and do both of those things. >> would it

. >> the new ceo of exxonmobil in the exact same position. they want the u.s.stay in the position. >>> once again the president expected to make the announcement regarding the paris agreement later this afternoon. jake tapper will anchor our special coverage at 3:00. the climate deal not the only big decision for the president. coming up, the president has decided against moving the u.s. embassy from tel aviv to jerusalem, but the white house insists he's not breaking this promise. >> we will move the american embassy to the eternal capital of the jewish people jerusalem. e off to ancestry. my ancestry dna results are that i am 26% nigerian. i am just trying to learn as much as i can about my culture. i put the gele on my head and i looked into the mirror and i was trying not to cry. because it's a hat, but it's like the most important hat i've ever owned. discover the story only your dna can tell. on a perfect car, then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forg

but as you know many of america's largest companies including exxonmobil they supported the paris agreementrged the president to not have the u.s. drop out. tell us why they think it's good for american jobs to be part of the international agreement. >> yeah, including rex tillerson his secretary of state who was noticeably absent from the rose garden statement today. he was a supporter when he was the ceo of exxon mobil. interestingly shareholders et voted for the tires that the the 60% should be for more open about the dangers and risks opened opened seesed to the company. bp, congo, they basically feel, wolf that they have a better opportunity with them sitting at the table we global table and participating in the conversation of lowering fuel emissions around the world, that ultimately it benefits their bottom line. the ceo of bp in st. petersburg russia said we have to transform the word to lower cashen emission forms of energy. interestingly i thought it was enough lloyd blank fine the ceo of goldman sachs just issued his first tweet saying today's decision is a set back for the envir