exxonmobil volunteer fire team responded to the scene. exxon said its crew had the fire contained to the area where it started. baton rouge fire officials say air quality is fine but being monitored. no evacuations and no initial reports of any injuries. >>> some heart pounding new video out of ohio captures a terrifying school bus crash. we want to warn you it's a little hard to watch. police say the bus was hit in december by a car that ran a red light in perry county. the force of the impact caused the bus to roll over. students were thrown from their seats, striking the ceiling of the bus. several students, the bus driver and the driefrt other vehicle were taken to the hospital and they are all okay. >>> coming up on the morning news, actor jussie smollett is indicted on new charges related to an alleged fake attack. >>> proud dad basketball star dwayne wade speaks out about his child coming out as transgender. this is the "cbs morning news". when you try to quit smoking, with or without chantix, you may have nicotine withdrawal sympt

. >>> at the live desk, a team of exxonmobil workers battled flames at a louisiana refinery. the glow from the flames lit up the sky here. you can see this video from the fire. there's no records of it causing problems for people living near the baton rouge facility. according to reports, local firefighters stood by outside the refinery in case exxonmobil asked for help. officials say there are no injuries and believe the fire started inside a building at the complex. special monitoring equipment has shown that air quality in the area has not been affected. kumasi? >> thank you. >>> home security cameras might provide oakland police with the clues they need to capture a pair of robbers who targeted a man in his own driveway. look at this video. these two robbers attacked the man while he was cleaning his car. the video shows one of the guys holding a gun. another camera recorded video of what could be the suspect's car moments before this armed robbery. residents say they plan to install more cameras hoping to deter crime. >>> one city leader in san francisco has launched an

there were no reported injuries at the exxonmobil plant

. >> caller: i'm looking at exxonmobil >> all right exxonmobil is obviously a fossil fuel company i think sells as they rally, and they've been rallying because they're so heavily shorted negative but i can not condone buying exxonmobil fossil fuels are a thing of the past, not the future and that, ladies and gentlemen, the conclusion of the "lightning round" [ buzzer ] >> the "lightning round" is >> the "lightning round" is sponsored by td ameritrade ♪ ♪ but in my mind i'm still 25. that's why i take osteo bi-flex, to keep me moving the way i was made to. it nourishes and strengthens my joints for the long term. osteo bi-flex - now in triple strength plus magnesium. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. with time, comes change that's for sure... and when those changes might help more people, especially those in retirement, i think it's worth talking about! so, aag is introducing a new jumbo reverse mortgage loan so you can now access as much as

let's give you an example, exxonmobil, down 4 1/2%. down 19% just this year. exxon is worth $238 billion. which may sound like a lot until you consider it was a $520 billion company, biggest in the world, back in 2007. the number of debt-laden smaller oil gas suppliers falling more than 10% today as well is there help anywhere for this long, struggling sector? >> for trades there are. we had this conversation a couple of weeks ago. for example, there was a great trade last summer into the fall. you pick up schlumberger off the bottom, 2 1/2, 3 months it's redone the whole thing back to the down side. you mentioned exxonmobil i will tell you categorically on this desk we told you to avoid for quite some time. you mentioned $56 stock. we have not seen $56 in exxonmobil in about a decade or so and that's what is on a tremendous market tape like the autos, if it can't rally in this environment, when is it? the answer is it's not in my opinion. >> in the space, the refiners, their input costs are going down but the problem is a glut of oil and lack of demand and we

meanwhile, exxonmobil says it has been investing in biofuels research programmes for new energy sourceswever, a study by the financial think tank, carbon tracker, estimates that oilfirms risk wasting $2.2 trillion by 2030 if governments take a tougher stance on carbon emissions. dr charlie donovan, director of the centre for climate finance and investment at imperial college business school, joins me now. welcome joins me now. to you and good morning, welcome to you and good morning, thanks for coming in. let's talk about bp, currently trying to reposition itself as a champion of climate change. how doable is that? today is a big day for bp shareholders because they got a new ceo facing huge pressures about a low oil price, falling share price and questions from investors about how it navigates this world, so a big moment and a big stage for him today. oil companies make their money from drilling oil, how strong an incentive is it for them to look for alternatives? this time it's different, because we've been here before ten yea rs because we've been here before ten years ago before the

, and they report both to the attorney generals and to exxonmobil? people would find that to be absolutely unacceptable, because it's unethical. they know it's the outsourcing of law enforcement powers, and that is not one voters signed up for. >> laura: here is the type of climate activism bloomberg and his ilk have been funding for years. bill nye went on tv yesterday to attack the incoming epa chief of staff, but not only her, kind of attacked her family. >> the other thing that i find striking about she and her husband, they have two kids. they have two young kids. and they are going to inherit this earth. and they are going to have to interact with their parents when their parents have been strong advocates of putting more carbon dioxide in the air. >> laura: okay, bill, we will turn it over to you. this is all about tarring their political opponents. they have done it through and through. >> this is about political power. if they can to win at the ballot box, what folks want to do is say look, we know we have a limited number of ags across the

. >>> at the live desk, a team of exxonmobil workers battled flames at a louisiana refinery fire that broke out last night. there's no records of it causing problems for people living near the baton rouge facility. according to reports, local firefighters stood by outside the refinery in case exxonmobil asked for help. officials say there are no injuries and believe the fire started inside a building at the complex. special monitoring equipment has shown that air quality in the area has not been affected. >> thank you. >>> one city leader in the area has announced a measure to prevent muni from raising fares. muni wants the mta board to approve raising the single ride cash for adults from $3 to $3.25. clipper card users would see their fare jump from 2.50 to 2.75. supervisor dean preston introduced a resolution to block those proposed fair hikes. preston believes charging more to rise muni will discourage people from using public transit. >>> coming up, housing frustration. a group of tenants refuses to pay rent, instead pushing the owner to sell them the building. >>> and to some she

you've got a real slam on exxonmobil, and that's probably keeping the cap on what we would have seen bigger gains at least with the dow jones industrials, but we do have exxonmobil at the very bottom of the dow 30, down about $1.68 to $60.44. you know, you and i have talked about whether, you know, oil might be the new coal, but more importantly, what happens here with names like that and chevron? >> well, i think they are going to get pounded, liz. i mean, i say it every time, you and i have talked about it, we think there's a lot of oil in the world; right? and the other problem is that when opec talks about production cuts, it doesn't have the same effect anymore as it used to because the u.s. can pick up the supply and there's a lot of cheating, as the price of oil goes down, the producers actually have to produce more to get that same dollar amount to meet their budget. i don't think a production cut is going to work. also these stocks are going to have to come down. the value of the reserves are going to come down with the way they are priced. liz: you had oil below $50 a barre

exxonmobil says it is monitoring air quality in and aroround the fire. and hundreds of graduate students at the university of california, santa cruz have gone protestended strike to the unaffordable costs of living on their low teaching salaries. the strikers are demanding a cost of living adjustment of $1412 per month, which student educators say is necessary to avoid living on the brink of homelessness as they teach classes and provide essential work to keep the university running. a 2018 study comparing housing costs with household incomes found santa cruz was the least affordable place to live in the united states.s. and those are some of the headlines. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. senator bernie sanders of vermont has won the new hampshire primary a week after he won the popular vote in iowa. with 87% of precincts reporting, sanders has 25.7% of the vote and nearly beats former south bend mayor pete buttigieg who is at 24.4%. senator amy klobuchar placed third with nearly 20% of vote. both sena

meanwhile exxonmobil says it has been investing in research on biofuels.y the think tank, carbon tracker, estimates that oil firms risk wasting $2.2 trillion by 2030 if governments take a tougher line on carbon emissions. our business editor simon jack joins us now. the last survey i saw was i% the last survey i saw was 1% overall of big oil companies spending on clea n of big oil companies spending on clean energy so have they improved a lot in the last few weeks? that will be one of the interesting things when bernard looney gets up. the argument is that they spent hundreds of millions in some cases on renewable energy and what have you. bp spent £71 billion on oil exploration last year, finding new oil and gas. that'll be the acid test. greenpeace and others have said if we are going to hit climate change targets you must reduce the amount of oil you are burning every year and stopped looking for any more, at all. shell is looking at battery technology, so they are dividing up. what you will hear today from bp is that they think hydrogen is going to be

helicopters india is buying with over $3 billion, cooperation in the field of energy, the deal exxonmobilimprove that, but i think one of the points that stood out when the us president said we have made progress on a compensable trade agreement and forging bilateral economic relations which are fair, as well as reciprocal, this is where all the problem has centred around for the last several months since the us takeaway india's status as a preferred trade partner. i think when the us president talks about deals that are fair as well as reciprocal, that is where the main differences between the countries lie and where they have not been able to ci to i, for example about the amount that india should import from the us, according to american companies, also regarding the trade deficit. the us has not been happy about the tariffs india has levied on us products, so the us has left the door open as far as what we can see and the statement that came in, about how they will negotiate, that is something that remains a big challenge whenever we speak to experts. we spoke to them after some of th

there were no reported injuries at the exxonmobil plant in baton rouge, lousiana.ow on bbc news, hardtalk. welcome to hardtalk, i'm stephen sackur. like many of europe's long established parties of the left, the uk's labour party is in big trouble. last december‘s election, labour was not just beaten, it was humiliated, losing its grip on the working class heartlands and the north. jeremy corbyn serving his notice as leader, the party is in the midst of picking a successor. my guest today will have a say about choice. len mccluskey leads the unite the union movement, which is labour's biggest election backer. can labour be saved from a slow death? len mccluskey, welcome to hardtalk. on the eve of last december‘s general election, did you honestly think labour was going to win? no. honestly no. i was predicting that borisjohnson would gain a workable majority. i must admit i was shocked by the level of that majority but it had become evident to me for some time that labour's drift into being a perceived remain party was going to pay some problems, give it some real

paul: allysia -- >> a miss to recruiting events on campus because it represented exxonmobil.nge president trump's travel ban, had sued to overturn a number of abortion restrictions and has taken up a number of causes. but apparently they don't learn that the sixth amendment guarantees the right to counsel anymore. paul: also they won that case, exxon won that case. dan. >> i'm give a hit and a shout-out to members of the press who have been covering the coronavirus in china. i think they've been showing great courage both in going into wuhan as well as challenging the communist government's trite attempt to control the flow of information over there. two of our oaters were put in quarantine in china and again back in the united states, this is the free press at its very best. paul: if you have your own hit or miss, be sure to tweet it to us. finish thanks to my panel, thanks to you for watching. i'm paul gigot. hope to see you right here next week. ♪ ♪ eric: well, president trump's relationship with the justice department being questioned by some, this after attorney general

just for reference in 2018 burisma reported about $400 million in revenue while exxonmobil reported $20.8ard members of exxon made half of what hunter biden was pulling down from burisma. media this whole time has been working pretty hard to downplay the accusations. they're saying republican concerns are based on conspiracy theories floated by trump but as the facts come to light, the media will not be able to down play this much longer. this is another reason why so many people don't trust many of the mainstream media journalists out there today. liz: to your point, hunter gets hired at burisma. the uk then opens up a fraud unit investigation into burisma, potential money laundering within weeks of hunter getting hired there. you know this is about allegations of getting political cover for burisma in washington, d.c., as these corruption probes were exploding. thanks for joining us. ran out of time there. so sorry. we'll have you back. kristin tate. >>> coming up just ahead we're digging into government footnotes. more on how the hillary clinton campaign ma think lated the fbi to lawn

meantime, goldman sachs downgrading exxonmobil from $72 to $71 >>> on deck for the show, hold onto youre in for another wild ride on wall street. futures pointing to green arrows at the opening bell. but there are some big tests ahead. we'll get you ready for today's trading session. >>> and a reminder, you can always watch or listen to us live or on the go on the cnbc app. "worldwide exchange" is back in just a moment. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. >>> welcome back to "worldwide exchange." the head lines you need in 60 seconds. jeff bezos is being sued for defamation by his girlfriend's brother. michael sanchez accuses the amazon ceo and security analyst of falsely telling reporters he leaked, quote, graphic nude photographs, u

that stock down almost 13% for the year is exxonmobil >> those days were, david, 2017. >> no. >> yeswasn't. >> no, i checked it out. jimmy chill's checked it out for a brief moment, still in 2017 it was the largest company. >> really? no >> for six years no, no, david. >> exxon, i'm talking 20 years ago. remember the first time exxon earned $10 billion in a quarter, never seen anything like that. now apple earns twice that >> look at what the largest companies in 2017. >> i will. >> but what matters is that -- stop it. the dividend is not protected. now that doesn't mean that the stock is saved it just means that people say you know what? i don't -- the dividend's not enough to keep me in there was a piece about al trtra whether the dividend is up bernie embraced the tobacco companies, there he and i are really -- wow. >> speaking of high yielding names, verizon gets cut over at credit suisse to neutral target remains around 65, largely domestic play, jim >> the spend is big. i think they have to spend to dominate and that's what david, you've been following these for a long time. do

a massive fireball lighting up the louisiana sky as flames erupt at an exxonmobil refinery. what they're saying about air quality. >>> firestorm. questions growing about president trump's interference in the justice department after a major reversal in the case of trump ally roger stone. four career prosecutors step down in protest, an unprecedented move. >>> campus predator. a 60-year-old father now behind bars accused of preying on his daughter's college friends after moving into their campus home. >>> former nba star dwyane wade and actress gabrielle union sending a powerful message about accepting their transgender child. >> what's the point of being on this earth if you're going to try to be someone you're not? ♪ hair toss check my nails >>> and bow down! siba the poodle taking home the most coveted prize at westminster, best in show. now she's taking her talents right here to times square joining us live first on "gma." ♪ hair toss check my nails, baby how you feeling ♪ >>> good morning, america. and a big night at westminster. siba the poodle winning best in show. tak

yes, exxonmobil, which a lot of the shares of gas, oil and gas companies are trading higher. that is the momentum of possible unconfirmed reports about any type of coronavirus potential treatment. so we're seeing some strength overthere as well as boeing. tech titans though, i want to talk about some of these stellar tech companies that blew it out of the park today, but closing down right now. so we're seeing them lower. amazon as well as microsoft. microsoft did hit a record high yesterday. you're seeing microsoft shares a little bit lower. there was a analyst from citigroup did put it at a buy. jeff bezos also said that he sold 1.8 billion of his stock. we'll end on tesla. because, whoa!, what a ride. monday was 20%. yesterday, it closed at a little bit above 10%. you're seeing it down 17%. the worst day in six years. this comes after warnings of model 3 delays in shanghai. canaccord downgrading the stock. what a roller-coaster. back to you guys. melissa: kristina, thank you. connell: talk more about this as investors brush off four months of impeachment proceedings in the

. >> quickly while the dow up 400 points exxonmobil closed below $$60 down 1.25% we've been talking about this for a while. i don't know the right energy in big cap integrated but not here in my opinion. >> a lot of people agree with you, guy adami there you go big a block rounding out with the iowa news. thank you kayla tausche. we will difficult into the other big numbers. snap, ford, both moving after hours. and not in the way that investors want to see. we'll get full team coverage on both and talk of a deal that has many scratching heads why is the parent company of the new york stock exchange reportedly interesting in buying ebay could is schwab be worried could you be buying clothes and bikes on the new york stock exchange watch and listen awhnyere you want to be on the app. back with more after this on "fast money. and tie it all together with a world-class software experience. we ended up creating, as you all know, so much more. peloton is truly a category of one and we're just getting started. now, let's do this. together, we are going further than we ever thought possible. whet

it was exxonmobil, ge, cisco, intel.ames that have not necessarily done as well in subsequent years. >> ultimately i say these tech names do go higher. i echo cody. i sold five tech names this morning in my bus. one of them actually was microsoft. i just think gone too far too fast. charles: we're having trouble -- having trouble with gary. we'll try to get that fixed. let me come back to you, though, cody. this is what i love. the idea that the point has been made, energy is up, that was way oversold. health care looking good. industrials looking good. the investor out there who has been waiting for a pullback to get into this market, they have been grappling with this, right? >> having to wait a long time, right? charles: been a few birthdays, right? but again, since you lightened up in the favorite tech area do you put money anywhere else? do you look at industrials? do you look at materials? are you going in and out of tech names on the dips. >> not going entirely out of them. i take five, 10, 15% off the table with

with the xle pulling back 12% or so since the middle of january, and exxonmobil also pulling back, we think that these are very attractive, undervalued situations here. i would also point out -- i'm sorry, the chinese stocks and alibaba is one we like that's been knocked back. we think that the trend will continue at some point in time i don't know if it's a quarter or two quarters. but in the meantime i'm sure people are at home shopping online in china. >> sure. i think both of you are looking past the coronavirus scare problem and seeing a better trend there. craig, what would change your mind on that and make you say, you know what, there's a deeper problem here, challenge to the leadership, for example? something bigger than just trying to get our arms around this outbreak? >> i think we have to accept there will be a lot of volatility around these kind of events and there's going to be disruption i think if we start to get a sense this is typically these kind of influenza type of outbreaks tend to be longer in duration than say sars so i think if we start to get a sense this is

your institution certainly is there to hopefully set the standard the way i look at it though is exxonmobil hand me a 6.5% dividend yield which is what they are handing now. i feel like i want to grap grab that the reaction is esg momentum institutions don't walk that quickly with their feet. this is the sentiment but the wave of the future as a global citizen i'm happy. but i don't think it happens overnight. >> i would agree i think some of the larger oil and gas companies they may end up playing a part in the energy future in terms of investing in some of the more energy efficient or renewable technology over time i wouldn't call for all out divestment any time soon but it's something we are focused on. >> the question is how deep do you go in esg. electric cars are cool but to make the battery you got to lig up a lot of lithium appear cobalt, aluminum oxide a lot of heavy carbon use in manufacturing. by the way if you want to be esg who makes this anybody making a plastic. >> mopar nature. >> how far does it go. >> the bottle. >> i'm not owning coca-cola. i'm not owning pepsico i'm not

the president pointing to an agreement with the ceo of exxonmobil made with india's state-owned gas companye is what the president said about it all just a short time ago. >> they're going to be investing billions of dollars in our country. so that was the purpose of our trip also. we're all set for $3 million worth of helicopters, apaches, various other types in addition to various other equipment. they're buying that. they're buying a lot. they're buying a lot and also buying a lot of our forms ever energy because they need energy. we have more than anybody. we're number one in the world now in energy. so that is going to be very exciting. reporter: more difficult to rewrite the trade relationship between the two countries. the prime minister of india, that rind doctor modi saying the right things, but nothing of significant happened during the visit. the white house had hoped to at least as a goodwill gesture, have india roll back extreme tariffs on harley-davidson motorcycles. the president did not get that. here is what he told me when i asked them about that. >> that situation, when o

on that basis, shell, chevron, exxonmobil they're also going to have the deep pockets, to brian's pointo be able to pick up -- >> opec is supposed to meet in two weeks. dan pickering put on a tweet saying i wonder if opec is going to be nervous for me do you really want to be around executives from all over the world and country? >> are you going >> i can't because the sewheat conference is -- >> i heard the foreign minister is not going to opec because of the coronavirus. >> thank you john, we'll see you soon >>> how about a market check for you. the dow hit a new session low, down 1073 today. we're down 1024. again, 3.5% declines for the major drop ten-year yield, closed at a record low today, right now just under 1.36%. the 30-year, also a record low, 1.817. and apple, one of the most widely exposed stocks to the coronavirus down 1.4% now. look at the major casinos, as you can expect, anyone with exposure, all lower. as officials around the world battle to contain coronavirus, infrared checks have become the practice >> reporter: it's become one of the many striking images to come ou

exxonmobil at 10-year low today?> it is not picking a bottom, necessarily you have the bottom picked. it is looking at something with eye towards value and long term -- charles: stay on that top pick for a moment. we have some economic data out today. the one i'm looking at is the empire state. they posted the best manufacturing report in nine years. here's the thing, i'm wondering if this could be one of the things. it was obviously a head wind last year. could it be a tailwind this year? one of the first reports out of the year. if manufacturing turns around some names like energy could be big beneficiaries. >> it can. we're broke above 50. only 11% of our gdp. energy is hard but i like getting paid. mlps and pipelines but they're underserved. to your point, lng marketplace, it is beginning to lift off. we have multiple plants online. we'll, part of it is tax deferred i'm in the manufacturing sector. charles: we produce the ln g-iii bucks. around the world, japan, china, they pay 10, 16, 20, pretty much a no-braine

go to cbs.com/"halftime" or get us on twitter with the #askhalftime >>> welcome back shares of exxonmobilting near a decade low. goldman sachs down grades it today to a sell. they cut the price target to $59. it is our call of the day. nobody owns exxon here lucky people a lot of you own chevron, though, serat. >> i have owned chevron for a year i have been buying it for more when you compare to exxon, they are focused on capital, financial discipline and right now everything is against any fossil fuel company. doesn't matter what you do i think with a balance sheet like they have, the opportunity they have for international growth, you know, 4% dividend yield that's growing this is a value stock it is one of those -- i bought airlines when everybody hated them y. are you doing it i am going the hold on. >> being in chevron and saying thank god i don't own exxon is like saying i am a jets fan, thank got i don't work for the giants the metaphor is close to home. >> you said about fossil fuel stocks. >> whale oil. >> that's the point cramer keeps making >> this is the decade of battery. >>

they're going bankrupt we'll hear from darren woods i think on with becky quick next week ceo of exxonmobil and i'm sure that question will be asked. remember that chevron years ago when everything was all that stuff was hitting the fan they held on to their dividend. like basically gripped it tight and everything else could go what i think you are going to see and the people i have been talking to is you're going to start to see capital cuts. what does that mean? it means job growth slows down and industrial machine -- i like these random stats right? >> before you give that. so people realize, this is how it's transmitted from financial markets back to the real economy. when you start talking about pulling back on capital spending, less money there, obviously, less to go around what were you going to say >> it's a job story and debt story. i love these rbis. random but interesting random but sad on may 9th last year occidental bought anadarko. deal including debt. >> contentious one. >> the market cap today of occidental is 28 billion. >> wow. >> paid 57 billion. >> and combinedn' identit

so far exxonmobil doesn't believe there was any eruption prior to the fire. >>> another horse has died at the santa anita racetrack in southern california. a horse finished a workout saturday when it collapsed and died six horses have died at the track since the season started in december and 43 horses have died at santa anita since december 2018 california horseracing board is expected just and released the results of a one year long investigation into that track. >>> chico newspaper is reporting the number of people who died because of the camp fire of butte county is likely higher than the official count of 85. the fire destroyed the town of paradise and doctors tell the chico enterprise record that at least 50 more people died all from complications during and after the fire. radical officials say there are other deaths directly connected to the fire and most are older people who suffered medical emergencies from all the stress of the fire and who left behind medications perhaps as they ran for their lives. >>> a plan to realign highway one in sonoma county is closer to becoming a

. >> exxonmobil, 6% yield, highest yield sense 1987. >> but that's tied to a commodity. you have to be careful about the yield. you have to be careful i would rather play -- >> you don't have hedges none. >> i would rather own industrials. >> down eight days in a row. >> exactly right pick your spots within industrials if you think this is a short tomedium term correction semis down 10% they were up 100% last year. >> why pick now rather than wait >> because i can't time it better than you can. if you can find blue chip on sale that's always been what i have done. it pretty much worked. you have to stay patient and pick your spots. you don't want to go all in. peck your spots. >> a slew of folks say this is not over yet they are using words like panic attack, more pain, resist. strong words of not to get engaged just yet. >> tony dwyer who has been solid is talking about some of the same types of language you are talking about there. i think one of you brought that up already scott, i think the interesting thing is just take a quick look at -- josh brought up volatility

american airlines, pell networks, exxonmobil these names have been thrown out nearly 25% lower in the last trading session. if you look 50,000 foot high, kelly, what's the s&p 500 done all 500 names this week? monday we violated the 50-day moving average, three trading sessions later, 200-day. all these volatility events, the vix go over 30 you have acute situations where you have to capitalize by rebalancing, repositioning or buying some of the names lastly, kelly, three names to add to these pits are rocking behind us a lot of repositioning in the treasury markets it's an opportunity to add cme duke energy has been a winning name to own the last ten years but lastly, i think if you look at microsoft, certainly the guidance being cut, that's going to be coming up, every s&p 500 company. these names aren't discounted. today is the day, or tomorrow. >> jeff, i don't hear you piling into this whole stay at home theme that has netflix up and zoom technologies up and uber and lyft down because no one will ever take a ride share again. why aren't those up? why aren't you part of that group

percentages you referenced just a moment ago, then you look at some of the stocks such as chevron, exxonmobil that are part of the dow 30, that's having a big weight on these stocks. so this cheap oil, you know, one might think it would be good at the pumps but actually, it hurts your 401(k) dramatically because these are all part of indexes in not only the dow but other parts of portfolios. that's what we are seeing a lot of. liz: i do have to ask about oil because as we look at what's happening, i can only imagine there all kinds of derivative plays people are watching. what has surprised you with your decades of experience on that very floor? you began as a trader. the most that you sort of feel and maybe you have seen this before, but this feels very different, does it not? >> well, it feels different because it is, liz. we are seeing the market come off of extremely high values and extremely low interest rates, and we have never seen anything like the coronavirus under its current form today, so corona has been around for a long time, but we have not seen this particular strain yet. so w

. >> i know you're a math guy, tyler. 71 billion that's how much market cap exxonmobil has lost this year. >> lowest price since 2006. >> this year i just ran the numbers before we came down prepping for "fast money tonight. 71 billion lost this year. >> incredible. >> the average return of a stock that is primarily operating in north dakota, little more expensive region i'm averaging some of these names is down over 40% in a month. nobody is trying to be a grim reaper when it comes to this, but let's factor the world economy in four slices shall we pizza tyler with four slices the u.s. is the biggest slice. china is pretty big. europe is the same size as the united states and the rest of the world agoragated is the other fourth we see europe now slow in addition to china, you have half the pie that is being slowed down that's a demand destruction scenario that the oil markets did not anticipate >> and they had a lot of negativity priced in let's back up for a second because we rarely, rarely see days where we have the s&p down 3% two sessions in a row which is kind of what we're loo

and exxonmobil dividend yield is 7% the stock down 29% year to date. so when you look at the emp side of it, i think we're in an oversupplied world and heading towards an underdemanded world for the commodity itself. >> sure. >> eog is an emp company down 28%. >> they're one of six with a high credit rating. >> right. >> and look at -- these are where you should in theory put your money now look at who benefits from at lower price in oil it's the refiners. valero is 28% there is no place to put your money. looking at crude, 42 could 43. on a chart where it bottomed in 2016, 2017, 2018 so it must hold that level, 42.50 up to 43.5 for three years prior. the problem is it doesn't show any signs of having that ability to what lori said with esg investing -- you would think the stocks cause cancer. the way people are treating them. >> well, you know, some people might say they do. all right. listen generally when oil stocks fall and prices fall airlines do well not today. airlines because of koerchds, travel worries hit hard on the sell off to phil low bow

spent in exxonmobil the same time period.that thism here is culture of responding to legitimate scrutiny around a public health crisis, responding by turning up your lobbying and money influence on the hill, means that the priorities that the public wants to see are continuing to be frustrated because there is an inside game. . wanted to speak to that i did not give anybody the opportunity or to respond -- the opportunity to respond. it is a concern and something we need to shine a light on. the american public is tired of it. i yield back. >> the gentlelady from new york is recognized for five minutes. >> thank you, madam chair. over the past decade, our public health agencies have become concerned about youth vaping crisis. in 2013, the centers for disease control and prevention first sounded the alarm on the increasing use of e-cigarettes among youth. and drugthe food ministration declared youth vaping and epidemic. young people using e-cigarettes have continued to grow. more than 5 million young people use e-cigarettes. e

bit here how much of this tesla interest is just people dumping every oil and gas stock they can exxonmobil gives a you know what about oil and gas. you've got to get out. are they parking their money in tesla while they look for another green play >> look, i think tesla went from a company that was going to lose money to a company that makes a lot of money ford last night announced gleefully they'll close six plants in europe tesla is building a plant in europe there's demand for one car, not a lot of demand for the other. ford can't make all the cars at once and hurt their earnings tesla makes all cars at once and makes their earnings as far as the oil, oil is up today, saudi is trying to make a stand. you know you've reported more than anyone the united states is a swing producer a lot of the companies don't cut back capex is going down but they're discovering a lot of oil last night the president took numbers up big for the country >> you think there's any value in oil and gas at all, jim >> the president raised numbers, went to a strong buy listen to that speech. honest to god, he's li

you look at the declined in exxonmobil, chevron. there's two points i want to make and you can follow up or not. here's the thing number one, if you look at the xop etf against the price of oil, here's what's fascinating no way am i defending oil stocks or saying anybody should buy them it's not what i do but oil stocks as a group are trading at a cheaper price now than they were when oil was at $26. and that's probably because of the heavy debt loads oil is not at $26. it's at $45. but oil stocks are trading less. here's the other random but interesting stat for you guys. oxy, it bought anna darko for $57 billion last may occidental's market cap is now $28 billion. we did get a little pop on some of these names i thought those were some stats that you can wow and amaze your friends with at john's cocktail party tonight. >> that's right. >> brian, thank you. i mean, one of the important points here is that energy was getting beat up even when the stock market was hitting record highs into this big selloff. >> that is true. right. so

limits when one and a half billion dollars from china getting paid more than -- board members of exxonmobilee mad. >> eric trump, trade truce on exclusive reaction from u.s. treasury secretary mnuchin as china cuts tariffs on u.s. imports join are us for that interview in 10 minutes, which cloud cover apps weigh most on your wallet, back in a moment. ♪ ♪ how do i even begin to tell you how you're my rock. my diamond. for the diamond in your life, there's only one diamond store. it's the valentine's day sale. get 25% off everything. including these special deals. at zales, the diamond store. nexthi. oh, susan what a surprise, you're here early! you know life line screening assesses your risk of stroke and cardiovascular disease. looks like somebody should have gotten screened. life line screening is the easy and affordable way to make you aware of undetected health problems before they hurt you. we use ultrasound technology to literally look inside your arteries for plaque that builds up as you age. after all, 4 out of 5 people who have a stroke, their first symptom is a stroke. so if you're

. >> you're looking at chevron, bp, exxonmobil are those the stocks you would buy?e are the biggest energy companies in the world we like more of the midstream. energy infrastructure, more than the producers. because in energy midstream, those are where the resilient cash flows are bp, chevron, exxon, all have commodity price exposure in the energy sector today, really, the most precious commodity, and people that are generating cash to buy back shares and pay dividends, and in the case of exxon, they can't do that chevron and bp can >> since this is going to follow what happens in the global economy, what's the firewall for you, what's the bottom >> well, you know what, i would hope like the entire market, multidecade low, frankly, if you look at the sector index, so we're really close to that i would hope to say, and like i said, i think cash flow growth in the future going up significantly. >> thank you so very much for joining us this morning as we try to better understand this market selloff steve grasso, thank you for hanging out with us. >> good luck today >>

let's begin with this breaking overnight, a massive fire breaks out at an exxonmobil refinery.y in baton rouge, louisiana. right now the flames are contained and, thankfully, no one is hunter. this cell phone video shows how the initial fireball lit up the night sky. no word yet on how the fire started. >>> four federal prosecutors stepped down after senior doj officials asked for a lighter prison sentence for roger stone. the former trump adviser was convicted of lying to congress and witness tampering stemming from the mueller probe. the prosecutors originally recommended up to nine years, but the u.s. attorney for washington, d.c. asked for far less time the next day. senate minority leader chuck schumer calling for an investigation tweeting, quote: the american people must have confidence that justice in this country is dispensed impardon mely. >>> -- impartially. >>> there is a new top dog in town. >> the best in show goes to -- [inaudible] [cheers and applause] >> siba is the fifth standard poodle to win best in show, but the internet very divided on this one. some say it

exxonmobil. even that one's up. good lord. okay. 214 points up. you show me the big techs, please? i'm seeing gaming stocks. >> you looking for the magas? stuart: can you show them to me? they are all up as of right now. there you go. no. can you show me the big tech, please? okay. all right. we've got a rally on our hands. up 217, up 220 points. >> i think there's increased optimism the coronavirus is not going to get that much worse in china. the reports are basically it's going to peak in april and start getting better. for all the commentary, the truth is it was beginning to impact companies. so any sign that we are on the cusp of it winding down is extremely positive. lauren: doesn't that help us with the trade talks? in getting a full trade deal with president xi? no, this is a major problem for china, the coronavirus. it will slow even temporarily their economy and supply chains move out. do we actually have that decoupling? i think you can make a very strong argument it does give us leverage. ashley: bernie sanders is also very positive fo

microsoft, exxonmobil, united health. is that cisco? ashley: yeah. stuart: so five dow stocks are in the green. there's a revelation, ladies and gentlemen. >> exxon is interesting. the fact exxon is up is encouraging. stuart: i'm astonished. oil is down to $44 a barrel. ashley: it's coming back, getting close to $45 again. a little more money going in there. everything is relative. liz: you know what's really interesting, what else is driving the market. jeff gundlach, the bond king, saying why did united health plunge further than the s&p 500 dropped the other day. it did because the bernie sanders accelerating in the polls. there are different things hitting the markets in terms of the sectors. you can't discount what is going on in the democratic party right now in terms of those nominations. stuart: the latest fox poll, this is a national fox poll, shows that bernie sanders now has 31% support. a clear double digit leader over joe biden. that to me says biden's on his way out and it says to me that bernie sanders is headed really straight towards

i had one trader, john, he is to my left right now, he actually said he is looking at exxonmobil because that stock is getting hammered. he believes there is a lot of room to grow. this is indirect or unofficial survey, so many men on this floor named john. it is crazy. i could name four literally around me named john. very common trader name. overall we're seeing a lot of sectors in the green including energy which haas been hammered quite a bit. and we have moderna, which is another one too we're talking about the coronavirus and who will come out as the winner. is it going to be gilead sciences or mow dean that? who will come out with a successful clinical trial -- moderna. you're seeing exxon on the screen. according to one specific trader told me this moments before going live. i will put the blame on him should it not do well. stuart: was it john? >> john that could be literally everyone. there is one john here, one john there, i'm 100% serious with you. stuart: find me a stuart. they are a dime a dozen. reporter: what i'm told. no stuarts here. that is just you, stu. we know you a

one example brulle uses is mobile oil, prethe exxonmobil merger. in 1970, mobile began buying space on the opinion page of "the new york times." they called these things advertorials. not advertisements. they ran in the same section as real opinion pieces. every thursday those ads promoted mobile's image as a good corporate citizen and boosted its public policy priorities like reduced regulation of mobile's operations. meanwhile, mobile worked hard to place stories on airwaves and in print. between 1975 and 1977 alone, mobile representatives appeared on 365tv shows, 200 radio shows and gave 80 newspaper interviews, the study's authors observed. i will pause to note some good news which is that just recently, the guardian announced that it will no longer accept advertising that props up fossil fuel like oil and coal. the guardian urged its colleagues in the media to do the same. acting chief executive anna batesson and hammish nicholson said in a statement, our decision is based on the decades-long efforts by many in that industry to prevent meaning

the company faced inventory challenges and issues attracting consumers fire at exxonmobil refinery batonhuawei does indeed have a backdoor allowing access to mobile phones cross the world start generals daytona 500 sunday on fox, we've got nascar president here live, from the track on the changes being made as new season shifts into high gear don't miss that faction icons you were founders here in studio new york fashion week rise of secondhand fashion "mornings with maria" is live right now. first up markets showing a pretty good gain start of trading this morning dow up 118 nasdaq futures up 41 s&p fighters up 111/4 points on top of a record-setter yesterday nasdaq and s&p 500 closed record highs yesterday 4:00 on wall street that is the second straight day a that we saw unchartered territory for two, dow industrials down a fraction yesterday, oil this morning like being this after opec cut forecaster for global growth in oil demand for 2020, that is due to coronavirus outbreak, world oil demand expected is to rise by 990,000 barrels a day this year that is a cut, from 230,000 barrels