mike khouw >> exxonmobil is arguably one of the most consistent dividend payers in stock market historyet is suggesting that may be in some jeopardy. right now the options market is forecasting an implied dividend range of somewhere between 3 and 50 cents declining to somewhere between 20 and 30 cents by this time next year either there could be some probability that they cut it entirely or a higher possibility that it gets cut materially. when the dividend exceeds your free cash flow, something's got to give. >>> up next, final trade ♪ ♪ ♪ ♪ ♪ to deliver your packages. and the peace of mind of knowing that important things like your prescriptions, and ballots, are on their way. every day, all across america, we'll keep delivering for you. come on in, we're open. ♪ all we do is hand you the bag. simple. done. we adapt and we change. you know, you just figure it out. we've just been finding a way to keep on pushing. ♪ >>> time for the final trade tim seymour? >> disney got an upgrade today from deutsche bank we talked about their streaming business as part of a rollout giving them more p

we've got exxonmobil down .5%. bp down .33%. chevron down .25%. >>> checking the electric vehicle makers. it's not really exactly fair to actually, you know, hold these to that news about california, but we are looking at tesla at the moment up 2%. that does help tesla. it gives it a reprieve after two days of losses stemming from its battery day, little bit of disappointment on timing of when all the great things that elon musk says will supposedly happen would be out a couple of years. nikola in the red, unrelated to the california news, after wedbush cut its rating to underperform and the price target down to 15 bucks from 45. it's at $19.18 right now, falling 9.33% after, yes, the man on your screen, he's the founder and was the executive chairman, trevor milton, he stepped down. we know about that. but this is a company that's been in the sights of a lot of short sellers, particularly hindenburg, so nikola down about 9.25%. >>> let us get to this breaking news on tiktok. a federal judge has just stepped into the middle of t

corbat cramer, is is the market saying that exxonmobil stock is undervalued and therefore will go upvidend yield declines to a more reasonable level or is there more concern that it will be caught. >> you taught me to look at the credit side. they will have to cut. one of the finest companies, 50-year view, a few years ago it was the largest company in america. they have not replenished the way that they should they have been on some projects, paid way too much for, and it's now chevron that's king and conaco that's regarded as being -- which is upgraded today the best balance sheet who trusts these david, this is the other side of the tesla mania. if musk delivers a $25,000 car a lot of people are skeptical of that, then i think we're going to say, wow, i mean, you have to get out of these if california is right as the leader of cars, then you have to get out of these and the demand has not come back, the permian is oversaturated. david, there is another company, they bought a company, i don't know if you're familiar with the company occidental, oxy. >> this is a joke, everybody. >>

bank, aarp, bill and melinda gates foundation, exxonmobil, john t and katherine mcgarver foundation. nestle waters north america and paypal. next, derrick thompson, a staff writer at the atlantic. >> there are nearly 3,000 billionaires in the world. do they hang onto their richgs or share it for the greater good. can the wealthiest people in the world put an end to extreme poverty. join me to talk about it is hugh evan, actor and global citizen actor, priyanka chopra jonas. what is global citizen and what are you trying to do? >> global citizen and firstly, thank you, derek and thank you for the atlantic for having priyanka and i. to eradicate by 2030 and motivating people not a member of a state, tribe or nation, but members of the human race and people who are prepared to act for that belief to tackle our greatest challenges. so far over 10 million members around the world. people who take action for the eradication of extreme poverty. in the last years since we were founded over $50 billion has been announced on global citizen's pages in support of poverty relief efforts, whether

tech is driving the entire conversation look at exxonmobil shares, down 1.59%. just to put those in perspective with regard to those energy type names and everything else that's happening, look what else is going on in the entire sector. that's one to watch, kelly that energy and oil price is certainly not looking good i'll send it back to you >> i'm surprised to almost see you. >> i can see you at a social distance maybe it's 10 or 15 paces? >>> just how damaging has this three-day selloff been for most of wall street's most loved stocks, it's been pretty painful. apple, amazon, microsoft and alphabet down 10%. is there still a lot more to go, or does the third down day clean out the sellers? gina sanchez and michael for wells fargo security >> gina, this makes it interesting. we have energy underperforming tesla is down there. wynn resorts didn't look so great. it has kind of a china feel to it where the growth names haven't been hit as bad as last week what did that tell you >> we had very stretched motivations where people were transitioning into this remote

once you consider the remarkable meltdown of exxonmobil, this doesn't get enough attention when i got was told the one stock you can recommend is chexxon because yo always need oil and ensure they will have good production and low cost they have a sturdy balance sheet and buyback. what more could you ask of a stock? now exxon seems to have none of those. the stock has a 10% yield which is a total red flag because it suggests the dividend has to be cut. it got kicked out of the industrial jones average. i'm picking on exxon because it should be among the steadiest of the oils and decline shows you that the whole industry could suddenly be in bigger trouble than you realize and not like crude is $26 a barrel. the price of oil went up a dollar today and exxon went down 39 cents i know the pipeline stocks look cheap but do you think that 20% distribution from energy transfer partners is sustainable? i wouldn't bank on it. how about natural gas? if it didn't go up big during this red hot summer, i can't imagine what would drive it higher oil baand banks may look cheap t there is a chance t

and exxonmobil, i just want to highlight this it's down 2% that, by the way, kelly, frank, makes that the best performing stock in the s&p 500 energy sector i will send things back over to you. >> ouch. dom, thank you very much. >>> cities are struggling to get back in business this year and it's not just new york city. los angeles is seeing an exodus of residents as it deals with the covid fallout and entertainment industry essentially at a fault and record-breaking wildfires. it's not all doom and gloom, though joining us is rick caruso, "forbes" called him the walt disney of retail he owns properties all over l.a. including the grove and palisades village. rick, it's great to have you here welcome. >> thanks for having me, kelly. >> are you here to make the case for l.a. or raise alarm about the future of l.a. >> well, i think it's a little bit of both. i'm a big fan of l.a i think l.a. is second to none in terms of one of the great cities in the united states. but at the same time, we got challenges in l.a. we got high unemployment we've got a very high rate of homelessness that h

quarts report -- quartz reported in june that apple could buy exxonmobil just with cash on hand. yet, these companies have been mostly silent while polluters called the shots around here in congress and for a long time. they haven't asked hard questions about the chamber's fossil fuel funding and they've mostly stood by while the chamber, their own organization, became a worst climate obstructor. i think this is beginning to change. last week i spoke at a series, ceres event, on corporate climate lobbying during new york climate week. over 100 people from scores of different companies participat participated. the interest among corporations and investors in getting a handle on anty climate lobbying is -- anticlimate lobbying is surging. to all of them i said, change the chamber. get it to follow the business round table and support pricing. get it to come to congress in favor of science-based climate policy. get the truth out of the chamber about how much money it's been taking from the fossil fuel industry, particularly for these companies who are board members of the chamber, y

you talk about chevron from 102 to 75 and we're nowhere near the lows we put in in march whereas exxonmobilws and seemingly has held i think out of the two of them, out of the big cap integrated names, chevron is probably the better company but their head winds for both are significant, not at least the investing that's a tremendous head wind for the entire space if given the game we play, would you rather, i would rather chevron but don't sleep on exxon here having traded down to that march low and seemingly bounced. so keep your eyes open i would be really concerned if you're looking for benchmark if exxon closed below 31.5, you have problems in the entire sector. >> tim, we have you on the c nbc news line now. let's talk a little bit about the big deal we saw today. it was wpx they are getting together. we know it's not exactly a strength play. it's a consolidation play. but when you look at a company like chevron, they bought assets they bought novel. does that mean chevron is in a position of relative strength when it comes to the larger cap oil and gas exploration and production type