and coming up later this hour, an exclusive video with exxonmobil ceo darren woods. >>> let's dive into this let area little bit more, guys jim i know you were talking about it with andrew, joe and becky, he talks about obviously where he sees macro going but there's a lot more in there on the nature of remote work, and the risks to banks, which he says are coming from every angle. >> there's an amazing moment, actually, there's two moments, where jamie just talks about, using his first name as a person of the month, and talking about the challenge, and he mentions facebook and alphabet and google and he talks about apple and then walmart and one of the things that's amazing about this, he says look, he's not talking about paypal and square which i would have, but he basically says these guys have such an edge over us, we are so heavily regulated they can do whatever they want and what is interesting is they haven't done it yet i'm still waiting for the facebook bank, and the alpha-bank, but he is preparing for it, and he does say look, we can't do a lot of the things that you want us t

i mean, you probably covered exxonmobil, what's going on at the board level there, and, you know, they went from about the most valuable company in the world in 2016 to kicked out of the dow jones 30 by 2020. i mean, so they need to embrace this, and i think the whole sector will do that. liz: got it. andrew, china is the world's large polluter and the world's largest user of coal. xi jinping saying today at this event we're going to strictly limit coal use by 2025. do you believe them? >> well, they've never, they've never fixed the problems they've made in the past. i was just hiking in colorado this week with, and the largest coal-fired power plant in colorado, 750 megawatts, china built 50 of those last year. they have another 50 scheduled for this year, and they have 330 in the pipeline. former secretary kerry said that if we were to go to zero and china doesn't go to zero, it won't make much of a difference worldwide. so there has to be -- you know, china does have to come along on that, and so far they've never lived up to their commitments. but on the electric vehicle side, we

also earnings from oil giants, chevron and exxonmobil. >>> amazon is announcing this year's prime daye will be in june. the event was postponed last year from july to october due to the virus pandemic. amazon says it believes holding prime day in june will draw more attention from customers and for vendors. the company says it was concerned summer travel plans and the olympics could be factors that would have impacted a later date for prime this year so keep an eye on that sale and the ceo of hershey says people love their sweets and they're not just indulging at home during the pandemic. stay-at-home trends are continuing with consumers doing more activities movie nights or making s'mores but at the same time hershey is seeing growth in its food service and retail business. hershey had one of its strongest easters in history and expects halloween to follow a similar pattern. kris, marcus, i don't know about you folks but i put within of the solo stove fire pits in my backyard last year when we've used it for s'mores already. >> my husband wants one of those so badly and i don't know.

her as a corporate defense lawyer a federal judge on monday reprimanded her and others defending exxonmobilass action lawsuit >>> to earnings. apple reporting another blowout quarter. shares are on the rise this morning. apple sales were up 54% compared to the same quarter last year. right before the pandemic hit. stock up 3% right now. apple reporting double digit growth in every single one of its product categories and most important product, of course, the iphone up 65% from last year as everybody had to buy new gadgets to work from home. the company will increase dividend and authorizing $90 billion in share backuyback joining us now is joe colina head of media trading at webb-bush. good morning >> good morning. >> all of our viewers know why apple had a huge quarter when the lockdown hit, everybody scrambled for ipads or a new phone or computer. is there any way that momentum stays? >> that's a little bit of a $1 million question there are other parts of the apple story where they don't rely on the continued momentum going forward. services continue to grow at a healthy clip that came

looking to wipe out four seats and replace with four board seats of its choosing we will see what exxonmobilcides to do or if they respond >>> now to washington. as the top democrat on the key committee when it comes to overhauling taxes unveils his plan for sweeping new changes. ylan mui sat down with him and is with us now who is the mysterious gatekeeper we don't know who it is, ylan. >> reporter: it began with democratic congress member richard neil of massachusetts. he is the chairman of the house ways and means committee we got the look at the investing for what they are calling human capital. he is rolling out a plan for benefits and tax credits targeted at working parents and families >> 8.5 million jobs have not been recovered yet 4 million people have stopped looking. many of those, i suspect, were women who had to choose between gainful employment and child care when schools closed down. >> reporter: now he wants to provide universal paid family and medical legave that would last 12 months and would be two-thirds of the typical workers wages. he wants to expand the child tax credi

taking that price of price of carbon conversation a step further, i'm curious about the proposal by exxonmobilst u.s. oil company. they want to make money capturing and storing carbon emissions. what do you make of that idea? >> first of all carbon capture is unproven at scale. it's the most expensive idea anyone's come up with to fix this. you know, weatherproofing your home, efficientcy, capturing methane around oil wells much cheaper, you can actually make money off those sorts of things. but yeah the american petroleum institute, big lobbies, big oil companies are saying we should tax carbon. you should be weary when they want to see it at the table because part of the negotiation they want to be completely indemnified, immunity from lawsuit that are popping up. today new york mayor bill de blasios announced they will sue major lawsuits over green washing and selling us a product they knew was disdestructive while fluffing up the environmental work they're doing. it's a huge change oil companies needing a carbon tax. a sign of the times. >> thank you both of you. quick note dana bash will

when pelosi takes $720 million in aid donations exxonmobil and other wealthy corporations didn't give them that money for health and for their charity. theygi did it to implement their votes and guess what. it worked. of course it did but rather mitch mcconnell did the same exact things but worse. giant amounts of money from corporations and he said about the saudis after they cut off "washington post" journalists head in dismembered him muslim fundamentalist dismembered him and journalists working for the "washington post" and trump said we get a lot of money from the saudi's and earlier he said why would i be opposed to the saudi's? you have to open your eyes and you are worried about the democrats quick the republicans are picking your pockets. i don't know if anything is going to get through your head but most republicans are totally brainwashed by the media. democratsre are really corrupt t trump takes all of your money in corporations and give them exactly what theyey want to read get a clue, man. watch something other than propaganda. >> host:ro art guest is from the wharton sc

b2 well, if having a baby is committing environmental vandalism you can call me exxonmobil because i call it compost. i think america should have more babies, dana. we don't want to become japan or the e.u., we just racked up a pretty low birthrate, the lowest it's been since the '30s so americans should go home right now and make a baby because it's a patriotic thing to do, we need to take care -- >> dana: hold on. >> jesse: like katie mentioned, we are going to be retiring soon so we have to beg he might have a big tax based attacks up and take care of those retirees. >> dana: this kind of nonsense has been going on for decades, people keep bringing this up every generation, this is probably click bay, i would imagine. >> juan: i think so because i think it's kind of crazy, day now. just think, you know, when you try to put some substance to this idea, in places like china and india, the government thinks they have too much population because they have water shortages, land scarcity, that's not true here, and we do have a declining birthrate. i guess it's just hard for me to unders

the market the worst performing sector in the s&p 500 so if you look at the majors like chevron, exxonmobilion diamond back energy, two of the best performing stocks in the s&p so far in 2020 back over to you. >>> let's talk intel reporting quarterly results after the bell last night earnings and revenue beat. intel still down almost 6% the new ceo last night addressing plans for billions in new chip plants. listen. >> i just announced a $20 billion factory expansion in arizona. also said we expect to announce the next major location later this year so we are investing. we are betting we said we're ready to go faster, bigger with further incentives by the government and seeing great response in biden's job plan includes r&d, broadband and semiconductor manufacturing. >> $50 billion is a big opportunity so is this turmoil going to blow over let's bring in cj moos this echos yesterday for a lot of -- it is so interesting that the bull case for intel is basically big government support. what would you say >> yeah. that's the hope trade. right? i think the reaction for sure today is that the ho

. >> we want to give it to exxonmobil they seem to be focused in leading on that, morgan. >> yeah. it's been a big week and a big weekend. it's my birthday that's going to do it for "squawk on the street. "techcheck" starts right now ♪ >>> good friday morning. welcome to "techcheck. i'm deirdre bosa with jon fortt and carl quintanilla coming up on the show today, the capital gains tax debate, what it means for tech founding companies and the entire investment ecosystem that exists around tech and startups plus, we've got nextdoor ceo sara friar her thoughts on crypto, apple and content moderation earnings from snap and intel have shares moving in opposite directions this morning. intel now down 6%. we will dive into those stocks and some opportunities there >> yep speaking of which the market is higher but that overhang for stocks includes that bloomberg headline that white house is looking at raising the top capital gains tax. could have big implications for investors for tech, vc, private equity in particular more on that in a minute including why our first guest says it will bes

a true blowout and we'll hear from the ceo but just about the deal, okay friday's oil day with exxonmobil and chevron and will spend time talking about how they are doing their best to cut carbon emissions. we live in a world where the oil companies have to care about the environment. with crude back in the 60s, they go on buying sprees and boost the dividends or conserve? when i listen to the oil people talk, i get the kind of positive vibe i haven't heard in ages with prices up and cost down, i think these two companies could surprise the supupside i'm recommending chevron and good opportunity let's see what chevron has to say. will the stay at home trade be put to rest it comes down to clorox and colgate. like they aren't getting money they made, a lot the charts are terrible. i can't say the stocks will behave well when they report at best, these are battle field stocks and there is no reason to go near battle field, not in this market. bottom line, remember, there will be reports next week that are met with negativity and not all ofthem will be genuinely bad so i'm urging you to take

liz: exxonmobil reports on friday along with chevron. you think that the fed should begin raising rates or at least not get ahead of ourselves, at least tapering the massive bond purchases to shrink down the bloated balance sheet because we're looking to a strong economy, are we not? >> looking at a strong economy in terms of sequential growth but we're still a long way away from the benchmarks they set especially the labor market one, we're 8.4 million jobs in the hole. if we added 500,000 jobs a month, we wouldn't get back to pre-pandemic levels until august of 2022. that would not equal the trend. we have people graduating from school. takes a long time for the labor market being fully recovered. we expect some of that inflation to move in, not rampant inflation but enough to raise long term interest rates. we don't expect the fed to hike, steepening yield curve has us favoring value stocks, cyclical stocks, industrials, materials. really things that had been doing well up until the past couple weeks, growth has taken over. we think o

as joe mentioned, we have exxonmobil and chevron reporting earnings today we will speak with the ceo and cfo later this morning to hear about the results. andrew. >>> thank you, becky let's talk about the record amazon reports they were blowout numbers across the board. profit more than tripling in the first quarter. revenue soaring 44%. it is offering guidance that continued to blowout expectations forecast of the quarter sales between $110 billion and $116 billion. that stock up more than 2% joining us now to talk all about this is mark mahaney the senior managing director at ever rsi mark, you are taking it up to $4,500 do the math for us >> we took up the price target people knew we were going to have a strong march quarter. the tell came from google results and facebook results and shopify. the surprise was the june quarter outlook. you are going up against the tough comps. amazon is showing it can maintain the same or better growth post-covid in the june quarter prior to covid i.e., they where the winner in the covid crisis all of the segments with a pull forward of demand and

carbon price something endorsed by exxonmobil and chevron but a study recently found whether it comese of their capital expenditures, the big oil companies on green energy, bp, just 2.3% from the years 2010 to 2018 and shell less. chevron and exxon negligible. i think the oil companies maybe want to have it both ways, david. you and i will be long dead before oil goes away, don't you think? david: not only that, but i also think we'll become more dependent on foreign sources of oil rather than domestic. and that means that they can fiddle with the price, we have to accept their fiddling because we won't have the choice we had over the past few years with our energy independence. reporter: in fact that study said, opec would have more, larger percentage of the market. david: we know how that works out. not a good thing at all. jeff flock, thank you for braving the rain for this. appreciate it. good to see you. president biden about to meet with bipartisan members of congress to push his american jobs plan but it is the second part of that plan that is raising some eyebrows and it is al

this wednesday when we come back, lots of calls on google, on facebook, on apple, on lowe's, on exxonmobil, snap, we'll get to all of that as well as a continued look at j&j and coinbase back in a minute >>> moderna's up in the pre-mark, the company is out with some new data showing 90% efficacy against the virus, up to 95 against severe disease, up to six months after the second dose meantime, ben sal on "squawk box" this morning talking about the j&j pause. here's what he told our meg terrel. >> this is yet proof to the american people that that we are the best regulatory agency in the world and we care deeply about the scientific and medical safety of a product. and we will not hesitate to be very cautious, to analyze the data, to take the time required to do so to protect the safety of the american people. >> and pfizer of course is going to ramp up production, and deliver 10% more than they said they were going to by the end of may to the u.s and then more feedback from morgan stanley for example, updated simulations suggest u.s. can still vaccinate the entire population, 12 years and

. >> we want to give it to exxonmobil they seem to be focused in leading on that, morgan. >> yeah.uawk on the street. "techcheck" starts right now ♪ >>> good friday morning. welcome to "techcheck. i'm deirdre bosa with jon fortt and carl quintanilla coming up on the show today, the capital gains tax debate, what it means for tech founding companies and the entire investment ecosystem that exists around tech and startups

doing, i think they recognize as steps in that direction, trying to find ways to leverage what exxonmobilg to this space to help society transition to a lower carbon future while building shareholder value. >> free cash flow, 3.4 billion, jim, first time since covid, that it exceeds cap ex and dividend >> i thought it was a good quarter. darren woods handily, i think he must have joined greenpeace, the guy's incredible i mean sierra club whatever it is he now comes on, and he's the leading spokesperson for carbon capture. i think that chevron has a lot of scientists working and they're doing a good job with carbon capture and they give you a 5% yield and i feel very confident that chevron, once the selling subsides today, is going to be just fine. it is, i think it's the better of the two companies but i do feel that when you listen to darren woods, he recognizes what i've been so, what i've been pushing for these guys to do, which is talk the environment, talk about what you're doing, because otherwise, you're going to be banned from funds. you're going to be in the cross hairs of larry

. >> and exxonmobil. >> yes >> okay. >> chevron >> there's a good reason to be here make sure you join us tomorrow "squawk on the street" is coming up right now >>> good thursday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer, david faber is on assignment record highs at the open are in sight for the s&p and the nasdaq it's all about am, facebook, caterpillar and more, nyc announces a full reopening our road map begins with the busiest day for earnings amazon and twitter are on tap tonight. the president's message for the wealthy and corporate america, pay your fair share. and the cdc commits to restarting cruises by mid july jim? it's hard to know exactly where to start but you got to imagine, it lies somewhere within big tech. >> yes, i mean i think that we had some extraordinary numbers last night facebook cannot, it's almost inexplicable how much money is going toward them in advertising, i don't want to call it a blowout, it minimizes exactly what the term blowout means, it was a shock, it was a shock because it was substantially better to have, t

its dividend a little bit yesterday it accounts for about 3% of all s&p dividends, on par with exxonmobiler growth and guidance we'll ask an analyst whether he wants to hear on the company's call what's ahead. >>> plus shares of citrix, the ceo joins us and whether employees return to offices. for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin so you're a small business, gold bond or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >>> twitter shares are plunging on the back of that earnings report it looks like it's slightly beat but the company's user base grew slower than analysts' expectations joining us,

remember, years ago, when citigroup did a $5 billion quarterly operating profit, i think it was exxonmobil doing 10 billion, and we're seeing numbers of the likes, alphabet, free cash flow of 13.3 billion, in the quarter, they generated 50.7 billion in free cash flow >> free cash flow. >> in the last 12 months as for microsoft, very similar numbers. interesting, right operating income, 17 billion up 31% 17.7 billion in commercial cloud revenue. but again, these numbers, jim, sometimes it's worth just remarking on the shear size of the them, and the power, frankly of these businesses, which is why they are under scrutiny. >> right and also, there is an element of humility and humanity to these quarter, carl. you will have someone whom we all have come to respect, the cfo of alphabet, and she says, we are very pleased with the quarter. very pleased with what may be one of the single greatest quarters i've ever seen. there's no ubers here. they're doing things right youtube is a profit center >> a billion hours of video watched every day on youtube and they start this direct response business

. >> and exxonmobil. >> yes >> okay. >> chevron >> there's a good reason to be here make sure you joinarl quintanilla with jim cramer, david faber is on assignment record highs at the open are in sight for the s&p and the nasdaq it's all about am, facebook, caterpillar and more, nyc announces a full reopening our road map begins with the busiest day for earnings

exxonmobil floating a plan could help cut carbon meemgs if government helps pay for it a carbon capturehave tens of thousands of jobs help reach carbon neutral goals by 2050, the helicopter reaching heights after completing first flight on mars, the helicopter went 40 seconds captured images sent back to earth before precise landing, to demonstrate whether future exploring of the red planet was possible using flight this was first powered controlled flight at another planet we have ever done, that anyone has done a big moment for nasa. maria: that is cheryl, thank you so much meanwhile, we are looking at global right now china vision of a fairer world order president xi jinping criticizing countries for building barriers decoupling he says saying too few countries hold too much power calling for reforms in global o governance did not mention united states by name joining me right now he former deputy national security adviser under president trump author of "revolutiontrum washington we, the people" kt mcfarland you're take what is on the ground on feels like in dangerous waters, today,

bp spent 2.3% of its capital on green energy over the past ten years 2010 - 2018 shell, chevron, exxonmobilmething of a solution, we will tell you. if you're interested in celebrity fights we will introduce you to a guy named jake paul, i think he's the guy in the yellow trunks and he made a fortune. will be back. ♪ some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) bike shop please hold. bike sales are booming. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from our resume database. claim your $75 credit when you post your first job at indeed.com/bike. it's moving day. and while her friends are doing the heavy lifting, when you post your first job jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. x