actually exxonmobil more than doubled the market cap of sales force. does show you how things have turned. now, since it became a public company, salesforce, the better part of two decades ago, it has been very expensive on all traditional metrics. take i look at what's happened here relative to microsoft over the last decade. this is in terms of free cash flow yield and you see a higher free cash flow yield at the moment for crm meaning it's less expensive than microsoft. look how cheap microsoft was a decade ago it has massively outperformed salesforce during this time period you can argue both of them look a little rich right here it's lower than the overall markets. it seems a sign of maturity for better or worse and sales force is now in this category. >>> the sli versus the s&p today, 52-week high? >> industrials have quietly been an outperformer. it's actually very well distributed so it's tough to really get too concerned about a global steep slowdown in parts of the economy when that's the case and the relative performance looks good. >> we'll

the good news is exxonmobil and other corporations are making huge profits. unbelievably, mr. president, three wall street firms now control assets of over $20 trillion. that is the gdp of the united states of america controlled by three wall street firms. that of concern to anybody? might be something we might want to talk about in a reconciliation bill? nah, can't do that. these are very powerful guys and we're not supposed to defend the wealthy and the powerful. these three wall street firms are the major stockholders in 96% of s&p 500 companies. check out companies that you -- products that you buy. find out who owns them. find out who owns the companies that you are familiar with and time and time and time again you will find that the major stockholders are these three wall street firms, black rock, state street, and vanguard. does this bill do anything to even begin addressing the enormous concentration of ownership in our country and make our economy more competitive? not a word. so my point, mr. president, is that we are living in a moment of unprecedented crises. this

. >> jimmy, tepder and transocean and exxonmobil, which is playing all ends in the middle of the riskpectrum and beta to oil. it's highly risky, but if these day rates continue to go up on oil rigs, it's going to be many multiples of its current share price. that said, upside down balance sheet. don't go rushing into transocean you need to do your homework on this one exxonmobil, middle of the road it's wherever energy goes in general, you'll be good. kinder morgan is a steady eddy dividend play. this is a classic short-term vertsz long term short term you have a few factors going on you have the lirnging covid shutdowns in china china demand low clearly the market does not believe that the european union will follow through on sanctions that will remove any demand for russian oil barrels at the end of the year. clearly doesn't believe that because if that comes to play, the stark supply demand imbalance is going to push energy prices probably back up to the highs of february >> okay. we'll take a quick break mike mike santoli joins us with his midday word. bubbles so many bubbles! as

just to give you some numbers here on friday, exxonmobil announced it had booked more than $18 billionl of the profits with the company shell, the three of them combined, they made $51 billion. just three companies. that is up more than 100% from where they were a year ago. and of course, this is getting some political backlash with president biden, only a month ago, saying that exxonmobil had made more money than golf this year. >> that is true. >> and here's an update on our favorites, ongoing social media saga, elon musk has formally launched a counter-suit against twitter but that lawsuit is not yet available to the public. what do we know about it? >> that's right. that's the big news. elon musk's lawyers have filed a counter-suit, it was confidential, they filed it in a court in delaware. confidential because a lot of the information won't be made public at least immediately. we play get a version of it in the future but it will have sensitive information removed. but remember the court trial is set to take place in october. it is supposed to be a five-day court trial between elo

exxonmobil was $17.8 billion for the quarter. apple was $19 billion in net income you are talking $44 billion when aramco was down. it was still out pacing our biggest growers. shares started trading on the saudi stock exchange in 2019 the company ceo says the company is ready to raise production if needed look at crude oil prices this morning. one more thing to check. right now, wti is down by $4 decline of 4.4% to $88.03. you have to imagine china retail sales numbers had impact here on weakness there these numbers must be reacting to that. brent down 4.5% to $93.75. natural gas off down. >> some are talking about supply with the iran deal we will talk to helima croft later. they have been unable to break back to the highs. >> that's a big number $4. >> it is >> below 90 definitively that's good numbers for my cpi >> it was a concern. >> 92 or 93. >> by the way, inflation numbers, the reason they look so good relative to what we have seen in the past is decline in energy prices in the month of july >> pretty much so. we had air

exxonmobil, chevron and shell also saw large profits during the 2nd quarter. several organizations in san francisco will be hosting a town hall to get updates on the future of laguna honda hospital and its patients. last week, we told you the state agreed to put the transfers on hold after the hospital and patients families said moving patients is affecting their health and the care they're receiving. laguna honda was order to move about 600 patients because they lost funding due to multiple safety and health violations. since the transfer started, the hospital says 4 people died and after being moved to other facilities or discharged. the town hall will be held online starting at 01:00pm. a story that proves age is just a number. and east bay woman will be competing this weekend and the world championships for crossfit. an exclusive interview amanda hari sat down with her to learn about how she got into fitness and her goals for the competition. >> definitely want to win on to first place. want to get on the podia. yvonne howard is heading off to wisconsin wi

delaware and hoboken are among two dozen filed by states and cities against companies, including exxonmobil, chevron and shell. the companies denied liability in the cases and sought to resolve in federal court. >>> a federal judge in ohio ordered walmart, cvs and walgreens must pay $650 million combined to two counties in the state for damages related to the opioid crisis. the payment made over the next 15 years all three companies were found libel last november for the role in the opioid epidemic in both ohio counties. pharmacies abused position of special trust and responsibility as dispensers of controlled drugs. we are seeing this in a number of states. >>> shares of the china property group falling after the profit slump. country garden says the first half earnings fell as much as 70%. it cited decrease in property sales in the market downturn and slowdown in construction for the drop brian. >> all right bertha coombs, thank you very m much see you in a few minutes. >>> the federal reserve is seeing interest rate hikes continuing until inflation is reduced significantly. the minutes f

all of our kindergarten teachers or the executives at exxonmobil and chevron? who contributed more to our society? that is our challenge right now, to pass this legislation, because the status quo is immoral. it's outrageous. unless we pass this bill, that disparity is perfectly legal. they can evade their responsibility to contribute to solving the problem which they created, the climate crisis. right now, they're letting pre-schoolteachers -- preschoolteachers contribute more than they are to a problem families across our country are suffering from. by passing the inflation reduction act, we can make sure big oil finally pays more in taxes than preschool teachers. can take that revenue and reinvest it in clean thearnlg cd communities. this will not give the climate movement the trillions needed to confront the crises of systematic racism, economic inequality, a broken health system and climate injustice, but thanks to our relentless fighting this bill contains an historic $60 billion in environmental justice investments. let me say that again. $60 billion wil

. >> all right that brings us to our final name, then exxonmobil, delano this one more kind of reactinged about it earlier this hour. as it release to the esg fight and some of the backlash that's playing out. >> yeah. there's a lot of -- a lot going on with the stock. as you mentioned looking at the prices of oil going the other direction, if you look at six, seven, eight months back when you know, there was a powerful upward climb of prices and that was due to tight supply-demand and geopolitical tension and that led them to having the quarter that they had in the first half of the jerry. they blew past consensus from top to boomt line and they had free cash flow that was really strong in the first half of the year which they used to buy back stock. now, going forward, i do think we're going to see a little more headwinds with margins compressing and with the prices going the other direction. so you know, we're still holding onto our shares but it's going to be a little more tumultuous going forward. >> delano, i'm told that you're winning our stock draft right now. is that true remin

exxonmobil, chevron and shell. also all saw a large profits during the 2nd quarter.head on kron, 4 news at 10 water clarity, lake tahoe could be improving. we'll tell you why coming up. and in sports, just a couple of days after signing his contract extension with san francisco deebo samuel was back on the practice field. sports director jason dumas has more coming up. ♪ ♪ ♪ ♪ >> and now kron 4 sports brought to you by xfinity. >> we are a week into training camp and the pads are on. it's hot outside. we know it's hot down there that south bay when it's hot and you're hit in each other, the temperatures are bound to flare and that's just what happened on tuesday. receiver brandon aiyuk and linebacker fred warner. they exchanged some pleasantries at practice and that led to some pushing some shoving between offense and the defense kyle shanahan had to intervene and stop practice in real things in a bit. cooler heads prevailed. our cameras, they weren't allowed to capture that moment. but we were rolling as newly extended wide receiver deebo samuel, their egos. he talk

okay farmer jim wrap it up >> exxonmobil.roversial ply easy way to be in the energy >> given the bpull back. i'll see everybody in overtime in a few hours that does it for us. "the exchange" is here now >>> thanks, scott. i'm jon fortt. we must keep at it until the job is done. jay powell delivering a hawkish speech that another big rate hike could be coming and more pain ahead for the economy what does that pain look like and how do you position your portfolio? >>> and tech hit hard on the prospect of more rate hikes. one of my guests says stick with it it may get ugly, but the bottom is near. >>> and

exxonmobil, chevron and shell also saw.rofits during the 2nd quarter. >> a new study found rain water contains dangerous levels of manmade so-called forever chemicals linked to cancer and other illnesses. researchers from stockholm university say they can be found in rain, water and snow all around the world. even the most remote locations, including antartica and tibet. they also believe that the chemicals got into the environment through industrial emissions transfers from packaging waste, water and evaporation. they're called forever chemicals because some take more than 1000 years to degrade. only oat milk product is among 53 specialty drinks being recalled because of possible. >> bacterial contamination, the fresno based company lyons, magnus issued voluntary recall after an analysis showed an increased risk of contamination. according to the least oat milk bar east addition was sold to food services groups, no illnesses or complaints related to the products have been reported. but the fda is advising that they should

one of your favorite stocks is exxonmobil. >> absolutely. energy prep spiked up to 140.e is huge discouragement for anyone to develop new resources but guess what? the green people are pushing us faster than we can replace our cars, we replace what we need to heat our homes and so forth. there is long term demand for energy. no one is producing it. going with the biggest, best, most diversified exxon integrated oil company. we know in a shaky market we like to see dividends, got 4% plus dividend. they have increased dividend last 25 years. that is aristocrat. charles: that is the very definition of aeries aeries cocontract. they didn't move by a penny. they're not all equal. short squeezes are big, i love short squeezes when you're looking for trading opportunities, will that continue? >> there are still a number about stocks actually reasonable quality which have been pounded by the short sellers and now of course you have a huge percentage of the float up to 36%, 40%. many days to cover that. if there is any positive catalyst, up people, retail investors pile in the st

to point out, shares of ex exxonmobil 3.3%, perhaps some sentiments from mr.onsible for that. >>> how to think about looming rate hikes and the impact on your portfolio, we will sit down with the former president of the kansas city fed. we are still down on the s&p but ffheowsoarf e oth morning. stay with us s doing on their phones? they're banking, with bank of america. the groom's parents? they just found out they can redeem rewards for a second honeymoon. romance is in the air. like these two. he's realizing he's in love. and that his dating app just went up. must be fate. and phil. he forgot a gift, so he's sending the happy couple some money. digital tools so impressive, you just can't stop banking. what would you like the power to do? your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> good morning, nasa's mega rocket standing down from a scheduled test flight to the moon the agenc

of exxonmobil is pleased by many of the provisions included in this deal. so we've got to think a little bit about what it means when major oil companies who are in the process of destroying the planet support this legislation. under this bill, up to 60 million acres of public waters must be offered up for sale each and every year to the oil and gas industry before -- before -- the federal government could approve any new offshore wind development. to put that in perspective, 60 million acres is the size of the state of michigan. further, under this bill, up to two million acres of public lands must be offered up for sale each and every year to the oil and gas industry before leases can move forward for any renewable energy development on public lands. in total, this bill will offer the fossil fuel industry up to 700 million acres of public lands and waters to oil and gas drilling over the next decade. far more than the oil and gas industry could possibly use. and, mr. president, that is not all. the fossil fuel industry will not just benefit from the provi

the american exxonmobil intends to sell its stake in the sakhalin 1 project.dden to sell assets in the area of ​​the tag without special permission exxon is ready to deal with the court and has already sent a notice to the russian government about this , a company spokesman told the wall street journal the letter says that the restrictions prevent safe exit from the project. italy is threatened, deindustrialization causes a sharp imitation of energy resources, the association of industrialists of the country called the situation no more no less a threat to national security, as an illustration of the costs of industrialists. for electricity in four regions of the pawnshop piemonte venita, and mile romane over the past 4 years 4 1/2 billion euros, and this year may exceed 40 billion. this was the news of the economy in a nutshell. government press services good afternoon, dear colleagues. today we have to analyze the results of a series of meetings held here in the correctional center. we carried out this work taking into account the president’s instruction on

these are climate activists on exxonmobil's board and have changed the oil -- i think that's contributed the opportunity and fill out the boyd if new shareholders show up at the table and use shareholder mandates. that's what i'm doing. drl altama drought. the listing of new york stock exchange today. elon musk has a tough task at twitter. i think they are waiting for deliverance. that's what we hope to provide. >> 9:30 you be ringing the bell. still had the july inflation report just released and it's lower-than-expected. break down with those numbers mean next. ♪ breeze driftin' on by... ♪ if you've been playing down your copd,... ♪ it's a new dawn, it's a new day,... ♪ ...it's time to make a stand. start a new day with trelegy. ♪...and i'm feelin' good. ♪ no once-daily copd medicine... has the power to treat copd in as many ways as trelegy. with three medicines in one inhaler, trelegy helps people breathe easier and improves lung function. it also helps prevent future flare-ups. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart

of exxonmobil called the reconciliation bill, quote, a step in the right direction, end of quote, and was, quote, pleased, end quote, with the comprehensive set of solutions included in this proposed legislation. barons recently reported that exxonmobil, chevron and ox dental petroleum are a few of the fossil fuel companies that could benefit the most under this bill. now, madam president, if the c.e.o. of exxonmobil, a company that has done as much as any entity to destroy this planet, if he is pleased with this bill, then i think all of us should have some very deep concerns about what is in this legislation. further, under this bill, up to two million acres of public lands must be offered up for sale each and every year to the oil and gas industry before leases can move forward for any renewable energy development on public lands. in total, this bill would offer the fossil fuel industry up to 700 million acres of public lands and waters going to oil and gas drilling over the next decade, far more than the oil and gas industry could possibly use. and, madam president, that is not al