. >>> coming up, the government hits exxonmobil with a lawsuit after someone displayed nooses at a company complex in louisiana. >>> recent snow in the bay area had an unexpected impact on the peninsula. >>> it helped our business. we have had a lot of power outages. so the days where we see traffic from people coming to visit is always good. >> we'll take you to a >>> beautiful shot of the golden gate, now a live look at the big board this friday, dow is up around 371 points. >>> meanwhile, feds are suing oil giant exxonmobil after several noose discovered hanging at a facility in baton rouge, louisiana. u.s. equal employment opportunity commission alleges the company was aware of multiple complaints about the noose but failed to properly investigator take action. a company spokesperson denies that saying it did investigate but found no evidence to support allegations of discrimination. >>> ford is back building its top selling electric f-150 lightning trucks after the company paused production last month because of battery problems. a company spokesperson says the bat reallocate issue wa

that is the ceo of exxonmobil.ng us at cera week david faber is participating you had the documentary, for anybody who hasn't watched, i urge you to check it out, a great documentary by david and the team thank you for joining us. >> thank you good to be here. >> aside from the obvious interest around energy this year because the stocks have done well, definitely a lot more smiles here now, this is about decarbonization. you know there's people watching that say, how can the ceo of one of the world's biggest petroleum and chemicals company realistically talk about climate change, decarbonization? what's your message to the american customer, we can be a part of hopefully the solution >> i think it's a misconception to think it's an either or equation it's an and equation we can do both it's not different from any other part of our past history where we respond to society's evolving needs it's become clear there's a need to reduce the emissions, and decarbonize our energy system and we can do that and we are doing t

retirement in addition to disruption of power generation oil companies such as total and exxonmobil also announced the interruption of fuel distribution in france, despite protests and a nationwide strike, more than 200 members of the french senate agreed to the draft of the pension reform article to increase the age from 62 to 64. from the shooting in the center of tel aviv, killing 13 and injuring four others, it was reported that the perpetrator of the operation was a 23-year-old palestinian resident of the west bank, who shot the protesters in front of a night club with a handgun and was captured by the regime's security forces. the zionist movement was martyred the islamic resistance of palestine announced that the person responsible for the tel aviv operation was the purchase of weapons by al-khaja and a member of the ezzedin qassam battalions of the military branch, and emphasized that this operation was carried out in response to the crime of the occupying regime on thursday morning in the town and camp of jenin. the hamas movement also attacked the regime and si warned about rec

exxonmobil, chevron dipping lower. we've got chevron down 4.5%, exxonmobil down 5%.ing targets at the moment because we have seen this story before where things are deeply in the red, they come back more than they start to slip again. so let's go to our cbo e-trade ther, the one we always turn to, prosper academy ceo scott bauer. i know you've been on the phones, you've been trading. tell me what jumps out about the trade action in these last 27 minutes. >> you know what doesn't jump out at me, liz, is if i look at the activity mt. the vix options right now, it's not out of the ordinary. on a day like today especially when we saw it spike back up towards that 30 level, we would expect potentially to see a massiveive amount of call buying. and on any typical day, a normal day, we see a call to put ratio just over 2 to 1, maybe 2.3 to 1. so more calls than puts. and today it's right at 2 to 1. so that's telling me there's not a ton of panic there. and if i look in the spx pits, which i've been talking to these all -- guys all day today, we'll see more puts than calls,

kazakhstan's bowels falls on this american company, by the way, there are one more americans from exxonmobilp three. yandex.food service. entered the market of uzbekistan about 200 cafes are already connected to the aggregators and restaurants in tashkent also have the possibility of delivering goods from grocery and flower shops. in the future, the company plans to expand the range, uzbekistan is one of the largest e-markets. cis now we already have uh, yandex food business yandex uh in belarus in kazakhstan uh in armenia uh and uzbekistan well, in fact, in size, probably smaller than kazakhstan now, but more or less uh corresponds in potential to the belarusian market now. uh, if you take, probably, the market, tashkent, then here, if you take everything together, uh, that is, the delivery that restaurants do here is the delivery that current players make. we now estimate that there are approximately eight, maybe 10,000 uh orders per day, but we think that this figure will grow with our arrival, because uh, in all other countries too we see that uh in fact, he doesn’t qualify such a player

live coverage at ceraweek, interviewing industry leaders including the ceos of oxi, shell, and exxonmobil, catch live streams at cnbc.com more "options action" right after this good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. >>> welcome back to "options action," raytheon technologies underperfor

we can bail out the corporations, we can provide $9 billion in bailout to exxonmobil in the middle of a pandemic, right, but we can't giveon $20,000 in loan cancellation for borrowers who took it out in 1988 and are still paying it at 67? at what time does it end? we have to recognize that the way student loans is dispersed --ki disbursed is proportionate. black borrowers are consistently having to pay back more than others. when you're talking about unfairness, that sounds unfair to me. at thes end of the day, it's about insuring that people have the opportunity to pursue the american dream or to enter into the economic system. ask isre we need to do everythig within our power to insure that ityt happens. editors of "the washington post", mr. cole, write about the law that mr. biden used to approach his plan. they say that mr. biden's debt forgiveness scheme is far more expanse conservative if a questionable reading of the two-decade-old law. law makers passed it in the wake of the terrorist attacks and it was up likely they were issuing student loan relief. the straightforward readi

brokers on wall street, recently seen an increase in shares of american oil companies chevron or exxonmobilbplc shell pill c or total energyes. a deal with a european oil producer could be the largest in the industry in recent years, and its consequences for ordinary citizens are a catastrophe, a price ceiling imposed by the west on russian oil oil products creates difficulties in the energy market. this was acknowledged at the international energy conference in houston by the head of the american oil producing company chevron. michael wirth stressed that the consequences of the introduction of restrictive measures. it remains to be seen as far as both oil itself and oil products are concerned, i am concerned that we have created additional difficulties, indeed today there is an excessive dependence of european companies on russian gas supplies, however, at the same time, their the economic situation cannot be called disastrous, following the results of the crisis year 2022, the five above-mentioned oil companies earned a total of more than 200 billion dollars, but the share of european com

it is a unique investment for jain who is known for investing in safe spaces he bought exxonmobil inwhich more valuable as a country. i hear he is headed on the road show to fixed income investors in the coming weeks. come >> it makes sense. the idea that you have to shore up confidence in the companies and person-to-person road show could do that. is there a short-term position for jain and his investment and what risk is he taking on investing at the lows he did for the adani company? >> reporter: dom, i asked him. he said this is a longer term investment for his portfolio he says this is a portfolio that has given the stock price drop he thinks it is valuable that will grow more value over time because these are hard assets from bridges to ports across the country he thinks this is a return and he expecting turns of mid to high teens he is pointing to one that became valuable over time. he said he sees value here a vote of confidence for the embattled industrialist. >> seema mody, thank you >>> let's check on the top headlines with frances rivera in new york with the latest >> dom

at $17 a barrel and helping drillers and refiners enjoy a very strong bounce and see we've got exxonmobil up 4.5% and matchy nice day there. gain of about 7%. you can see the rest, conoco phillips, pioneer, natural resources and occidental petroleum having solid session. as they bounce, remember oil dropped from $80 on march 6 to $66 and change last friday a mid the banking turmoil. whether it's with oil or any other sector, how can, how should you, the investor, follow the ball. get to the floor show. we have gerri anne and john lonski on with us. the market today is extremely strong. tell me what you see within the trading action right now that strikes you over the past 48 hours. >> it's energy and you were talking about it because that's what's moving right now and the energy was slaughtered because of the idea we'd be going into a deep recession if they let banks fail. they haven't let them fail yet. they've taken assets and they've basically thrown them to the whwolveses and the wolves are vy happy and look at signature bank and community bank of new york with that purchase and a 30%

largest holdings in the s&p growth sectors, amazon, microsoft, apple, nvidia, tesla, alphabet, exxonmobil-fashioned growth exxon is now in the growth area. that used to be a value stock. look at the largest holdings in the s&p value. mike, amazon, cisco, meta, berkshire, and jpmorgan. wait a minute. microsoft and amazon are also growth sectors too they're in both indexes. cisco and meta used to be growth stocks at one time not anymore. they're now value stocks many banks you see like jpmorgan are still in value so, scotty, there's not only a preference towards indexing but there's a difficulty defining what becomes value versus growth these days >> according to einhorn, bob, it's that preference towards indexing almost as if, you know, passive etfs have killed the business of value investing. everything now is -- i mean, where the money flows are going, everything is about index investing, thematic etfs, and things that are deemed to be much more sexy, so to speak, than plain old value >> on a broader level, it's about the persistent underperformance of active investors. this is a problem

some energy names, exxonmobil. xre are general i would buy the dip on.general i'm not a day-trader. i'm a long term investor. i look for opportunities, maybe little bit uncomfortable on day you do, you're not really sure. i bought more xle, oil trading down 70. went from high 70s to0 it went down to 65. i was a little early. but look right now, trading up again. charles: looks like wti will go to 80. reading your work, seems like you're saying the market, stock market itself is exuding a message of optimism. we know professional investors hate this market. individual investors are still down too. most recent reading bullishness went up two percentage point a little bit less, still overwhelm mingly bearish. we know people have been burned. >> yeah. charles: how do you speak to agh client you're talking to, what is the time frame. what is the horizon, what is the risk, right? some people absolutely get so freaked out by last year, they want to go safe, go into treasurys so they do. i think that is a long term mistake. especially with time on your side. as

. >> jimmy, michael bought exxonmobil at $35. off, michael, you get an a plus because the stock has tripled. but you need to think about your next trade i'm going to say two thoughts. i like the stock a lot but if it's up three times in your portfolio, it's probably too big. you can trim it and still hold the positions of ten times earnings, 3.3% dividend yield, and a lot of reasons to think that energy prices will stay high you can still trim it and like the stock. >> mine gets an a plus, too. i forgot that pard >> i gotcha. weiss, doug bought palo alto at $48. what should he do? >> i bought it about the same level, and i exited, because there's just such great training at the time. i believe the company will do well over the next few years, and for just the average investor, frankly i wouldn't try to trade around. i would just stay there. why pay taxes? >> thanks for the trades thanks for the trades. final trades are next. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disci

. >> mastercard, exxonmobil, las vegas sands he's taking them to the bank jerry, thank you for your timeoday. we appreciate it >> you bet >> jerry cast teleini. the white house controversial le targeting small businesses to pay as well. we'll have the details plus imbalanced sheets. corporate bankruptcy filings soaring to levels not seen in 12 years. we'll discuss when "power lunch" returns. dad, we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones i'm telling you, coach staley, i could reallyhe's a goat h. the story of my life. no coach, there is a goat here! whaaa! what's this? a thousand dollar hospital bill? but i have good health insurance! gaaaaaap! did you say 'gap'? he's talking about the expenses health insurance doesn't cover. but with aflac, you can get money to help close that gap. aflac, huh? gaaaap! aflac! gaaaaap! get help with expenses health insurance doesn't cover at aflac. official partner of march madness. ♪♪ choosing miracle-ear was a great decision.

despite the swings in prices, energy producers will weighing how to meet long-term demand take exxonmobilng $2 billion to expand this century old facility in the biggest u.s. refinery in a decade construction began four years ago, before joe biden called on producers to increase supply this facility is close to adding 250,000 barrels a day to the market that represents about a 1.5% bump to the country's supply, but it could become material if there is a hurricane or last year when the economy was hut, the u.s. was near 100% refining capacity exxon president tells me even with a pivot towards lower emission products in the future, there's still going to be a lot more refining capacity needed. >> this is reliable supply of fuels that underpin modern life. you know, the pricing of fuel, of course, is a complex equation of taxes and supply and demand we're playing our part towards increasing supply, so that there is enough supply to keep prices down in the market >> reporter: the white house did not provide a comment in response to this expansion but the eia, which is the official government

exxonmobil, the most profitle companies in the world these days, they are not going gently away fromt of money. >> thank you, sir. >>> "cnn this morning" continues right now. ♪ >>> president xi is traveling to russia after the criminal court issued an arrest warrant for president putin suggests that china feels no responsible to hold china accountable for the atrocities in ukraine. instead of condemning them, they would provide diplomatic cover for russia. >> good morning, everyone. poppy is off. that's the secretary of state there weighing in because just minutes from now that high-stakes summit at the kremlin is set to resume as chinese president xi jinping is going to meet with president putin behind closed doors again as the war is raging on in ukraine. something they barely made mention of. we will take you live to moscow. >> that is internationally. domestically, we have a lot going on. donald trump claims his own arrest is coming soon and now police are on alert in new york city and d.c. a tale of two cities, what's happening here. this is happening as the former president cal

exxonmobil, 55.7 billion in 2022. a record. chevron, 36.5 billion, 2022. another record. inflation, corporate greed, record profits, share buybacks -- something this committee needs to keep in mind is we are navigating this. elephant number two. climate change demands our attention. intensifying hurricanes, massive floods, prolonged droughts, rising seas, extreme heat, extreme cold. climate is changing. and it takes more than just saying the word climate or delay, delay, delay, delay, to actually solve it. the inflation reduction act is now law. this committee should join the president and the senate in shepherding affair implementation of this landmark law, pursuing diversifying our energy production, with clean, renewable energy. number three. exporting oil abroad. there used to be a ban on that. and now, oil is being exported and americans are paying high prices at the pump. this isn't an america first policy, this is the exact opposite. if you want to kickstart american energy dominance, we should start by looking at the exports that just started just a few years ago.

french refineries , according to union officials , including those run by totalenergies and esso—exxonmobilr of the five in operations , and metro services have also been cancelled. this was the scene at paris charles de gaulle airport. both easyjet and ryanair warned of delays and cancellations due to french air traffic control staff walking out. and many other industries will be hit by the walk—outs. here's what one supermarket employee had to say. translation: people are fed up. people are exhausted. people see around them, there are plenty of colleagues who don't even make it to the current legal retirement age. how can we expect them to make it to 6a? for us, at 64, for the years to come in our children, what each would it be? 66? i think the government hasn't taken everything into account. but the government does not seem to agree. ministers insist their reform plan is essential to ensure the pension system does not go bust. yesterday prime minister elisabeth borne said: i can understand that not many people want to work two more years but, she went on, it was necessary to ensure the

will need to pick your brain, tomorrow, i think around this time, we're going to have the ceo of exxonmobiltime with them in guiana and the permian as well, we'll double-team that interview and ask him the same questions. >> looking forward to your -- to darren joining you and us as well real quick, brian, you did do reporting in europe. i remember when you were in rotterdam. natural gas, we were wri what it would mean for the european economy. we're towards the end of winter now. they have kind of done okay, haven't they >> they have they're at 61% i looked at the numbers just yesterday. 61% storage levels heading into -- i know we're talking about the summer already, it's only march, but that's how they cycle it we were over there, and i wasn't predicting the worst i've taken heat for it he was the worse case scenario europe saved by a couple things. a relatively average, if not little milder than average, winter number two, demand destruction households turning the thermostats down, industry turning things down or shutting down also u.s. lng, which kind of, as we showed, has kind of save

joe and becky, we've got exxonmobil today, conoco phillips, a big lineup we'll see you all day long herethe world, but only one here. and the aforementioned programming note, the other brian -- no, catch brian's new show premiering tomorrow night cnbc's "last call" explores the intersection of money, culture and policy we do that a little bit at 7:00 a.m. but he's going to do it even more at 7:00 p.m. eastern time >>> when we come back, one week after a close call on the runway of logan airport in boston, the wings of two planes actually clipped each other on the tarmac yesterday. >>> and on a flight to boston, passengers had to subdue a man who tried to open an emergency exit door and attempted to stab a flight attendant in the neck she tried to stop him. he used a broken spoon there were passengers that tackled him and brought him down this is just one of a number of incidents impacting the aviation system we'll speak to a pilot about these incidents and the stress on the aviation system "squawk box" will be right now. >> announcer: time now for today's aflac trivia question. in what y

so we have seen through 2021 and 2022, exxonmobil, chevron, bp, shell, they made a record breaking combined profit that is anticipated to be well over 200 billion dollars. they're also getting taxpayer subsidies during this time, and i will come back to that in a moment. we also have information today that chevron announced $36 million of profit and exxon this morning announced a profit of 56 billion dollars. some of our colleagues on the other side suggest that this is a necessary evil, it is what has to be done to fund research in production and so forth on the part of that industry, but then you think about how they're using these profits, and we see that chevron announced that it would be spending 75 billion dollars to buy back its own shares, it only investing 12 billion dollars into its business to increase production. and of course these profits, that we've seen over the last few years, they've come at the expense of ordinary citizens out there being gouged at the pump. and so, it is clear that at a minimum, taxpayer subsidies to that industry don't make any sense given the profits t

was it engine company number one and exxonmobil they owned a tiny amount of stock.used to be you have to get a lot of people behind you that is not the case anymore why? >> that is a good point. the reason is what is playing out is the concentration of ownership. you as an activist can have a major impact with less than 1% you think about it, s&p 500, i think with the big three index funds on average of 20% of every company in the s&p 500 if you are an activist investor, all you have to do is get three investors to support your thesis and a couple of larger active managers right there, you have locked in over half the vote if you will push a proxy contest all you need is 50 plus 1. if you are a small investor, you only need to reach out and get in your camp a handful to support your thesis. go back 20 years ago, becky, that would be 40 conversations investors would be harder for an activist to make an impact right now, you don't need a huge stake. >> salesforce is up 16% in the last five days most of that came yesterday. did they manage, has marc benioff, managed to

is to serve the hardworking folks that we represent, not pad the profits of oil barrons who run exxonmobil or shell. our constituents deserve better, and i urge my colleagues to vote no. i yield back the balance of my time. the chair: the gentlewoman yields. the gentleman from south carolina is recognized. mr. duncan: mr. chairman, i request an inquiry of how much time's left. the chair: the gentleman from south carolina has 36 1/4 minutes remaining. mr. duncan: thank you. i want to yield -- the chair: the gentleman from new jersey has 36 1/2 minutes. mr. duncan: thank you. i want to yield two minutes to the gentleman from utah, the vice chair of energy, climate, and grid security subcommittee, mr. curtis. mr. curtis: thank you, mr. duncan. mr. speaker, i rise in support of h.r. 1. i stand before you, like everybody in this chamber, as a grandfather and a grandfather, somebody that wants to leave this earth better than we found it. some in the past have argued that we must sacrifice affordable energy, reliable energy so that we can be clean. we've seen europe go down this path. they pushed

$160 million over 10 year, according to the congressional budget office, even as companies like exxonmobil and shell are announcing record profits. by striking this title we can put these dollars back in the pocks of the american people and protect commonsense reforms that are finally ensuring that federal taxpayers receive a fair return on any private profit that oil and gas companies extract from our public lands. so i urge my colleagues to stand up for the american people and stand against our increasing national debt by supporting this amendment. with that, i reserve the plans of my time. the chair: the qulelt reserves. the gentleman from arkansas is recognized. >> i rise to claim time in opposition to this amendment. the chair: the gentleman is recognized for five minutes. >> madam chair, i oppose this amendment which would strike provisions in the bill to inventivizes reresponsible domestic energy production, create jobs and improve energy independence for american families. this would preserve higher royalty rates on federal lands and waters that were raised by my colleagues across