pioneer was already number one and exxonmobil was number five.ig catapult from exxon to boost their permion basin. part of the reason they want this is the land that the two of them own, very close to each other, i think it's contiguous, close to each other, which will mack it more efficient in terms of deploying somg of these things. the question of how big it is could bring regulatory oversight. it's clearly going to be the largest. exxon going out of its way in this release this morning to say this is an opportunity for greater energy security by bringing technologies and financial capability to an important source of domestic supply. they do say that their technologies, they say, will be able to get more out of the ground by this. the companies will have a combined estimate 16d billion barrels of oil resource at the permion. at the close, exxonmobil would have its production volume double based on the 2023 volumes and they expect that to grow to about 2 million oil equivalent barrels per day by 2027. a lot of questions that will be asked abou

we'll talk about the economy, the markets and so much more in a little bit plus exxonmobil ceo darrengoing to join us in a first onnbc interview. that company out with its quarterly results. talking about consolidation in the industry, two big hours ahead. "squawk box" rolls on. in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. ♪ exp

exxonmobil in talks to buy pioneer resources for $60 billion.l deal this year. shares of pioneer up double digits. >>> shares of gm set to open at a three-year low. >>> and tesla is cutting prices of the model 3 and model y. prices for the model 3 and y have been dropped by 17% and 26% since the start of the year. >>> hyundai and kia adopting the ev charging stations in the u.s. in the fourth quarter next year. they will join ford and gm. >>> and mgm resorts expects the cyber attack to cost the company $100 million in the third quarter. >>> berkshire selling 3.1 million shares of hp for $81 million. berkshire will no longer need to disclose buying or selling of the stock as it owns less than 10%. >>> what to watch this morning is the fed jobs report and they we hear from christopher waller at noon and then at 2:00 p.m. we will have shawn fain speak out on the latest of the uaw strikes. the s&p 500 faces the fifth straight week of losses. let's dig into it with malcolm e ethridge. >> good to see you. >> jobs report is the headline today. with tha

namely oxy and chevron and conocophillips and exxonmobil. there are other bigger players out there like eog resources which is diversified. >> a lot of possibilities, peter, is there one in your mind that is likely going forward? >> these deals are hard to put together. i'm not sure i can say one single company can agree to the price. i think it is less likely you get someone selling. >> all right. peter mcnally, thank you. i appreciate the time. >>> coming up on "worldwide exchange," energy deal making may be red hot, but david solomon says the good times start and end in texas. comments from ldn'gomas ceo coming up right after this. but if it's using untrusted data can you trust the results? your business doesn't just need ai, it needs the right ai for your business. introducing watsonx a platform designed to multiply output by tailoring ai to your needs. when you watsonx your business, you can train, tune and deploy ai, all with your trusted data. let's create the right ai for your business with watsonx. ibm. let's create. with cirkul, yo

exxonmobil agrees to buy pioneer. the price tag, $253 a share.t's all exxon stock, so in this case, when exxon moves down, the overall value of the deal is impacted. therefore, it is no longer $253 but not that far off from that price. they are talking about significant synergies, as much as $2 billion total annual average value over the next decade. 2.3234 exxonmobil shares, it's an 18% premium. little background that i got, jim, and obviously want to get your take. you know this company, pioneer, so well. my understanding is having spoken to people familiar with the old situation, as we like to say, they've been talking on and off for two years, but things only sort of got more serious of late. we talked about the spring and what may or may not have happened there, but really, it's more recent than that. and it does seem to be tied, at this time, as to why it was able to get to the finish line because mr. sheffield is having succession, stepping down at the end of the year. apparently as well there was a belief that his people, so to speak, are

how much cash exxonmobil sitting on? $30 billion. is so put it to work.e a look at pioneer's peers in the permian basin like devon energy, occidental, they're all up on this report. stuart: think about that, exxon's got $30 billion cash, apple's got $200 billion -- lauren: okay, when you put it like that. stuart: isn't that that something? amc, oh, or this is about taylor swift. lauren: yeah. the movie about her concerts is, like, selling out like it's, you know, "star wars" franchise. stuart: guaranteed. lauren: $100 million in preticket sales. it opens one week from today. do your daughters have their tickets, brian? >> they don't have their tickets, but they were asking me last night, i like travis kelsey, but you don't even know what the nfl is. [laughter] stuart coming up, president biden backtracking on building a border wall. he claims the white house had no choice. watch this. >> the border wall money was appropriated for the border wall with. i tried to get them to reappropriate, to redirect that money. they didn't, they wouldn't. >> reporter: do

this goes back long before the rumors came out about exxonmobil and pioneer. that deal went through last week. a lot of people thought after the deal, that chevron would look for something else in the permian basin. you saw the stocks which have moved since. he said it would not make sense for them because he pointed out they have more acres in the permian basin than exxonmobil. they have 2.2 million acres in the permian. after the exxon deal, they have 1.6 million acres. it won't make sense. ghana is a unique as well. john hess has come on many times. i asked why are you doing this with stock instead of cash. the deal last week was half cash. this is a situation where he said they don't like to do deals in cash because oil prices move so much when you are dealing with a commodity which is $90 now. if it goes to $60, you look like you paid for it. >> this is overpriced. >> i asked this has to be a tax issue for hess. between the trust at 8%, it is a more tax advantageous deal for stock for something like that. >> it is like one share. share for share. 1.025. i

here i am 26-year-old this could i knew everything i called the chairman and ceo of exxonmobil to talks earnings guess what he said yes. >> what was it likes if you're journalist to report from new york stock exchange being at the exchange so amazing, when i first got there a lot of people did not want me there remember it was boys' club it was a lot of men not a lot of women, i am there a woman with a camera no less so i had a couple run-ins with a number of [laughter] gentlemen much older than i was had more experience, i remember saying to myself you better own this job you better make sure you know everything about your job you better make sure these guys have nothing on you maria: what was it like from hosting after the bell now voice that starts every morning. television in the morning is very different than at night at the end of the day you might be at home sitting there with, you know, a glass of wine kicking back that is a different tone than in the morning readying for work. favorite on air memory. >> has to be the debate -- coverage, live on fox business network. >> incredi

exxonmobil has agreed to buy us rival... at a value of nearly $60 billion.il field in the us where it is relatively cheap to drill for oil and gas. those are all the big stories that we are tracking. you can find more of the stories in the world of business up on our bbc news website. the war in israel and gaza remains a big focus so do stay on bbc news. thank you for watching. bbc news bringing you different stories from across the uk. is fully trained beekeepers these primary school children in the yorkshire dales are getting out of the classroom and as close as they can to nature. their teacher and parents wanted them to learn firsthand about the great outdoors and the bees vital place in the ecosystem on the doorstop. i vital place in the ecosystem on the doorstep-— the doorstop. i wanted to have a beehive _ the doorstop. i wanted to have a beehive and _ the doorstop. i wanted to have a beehive and then _ the doorstop. i wanted to have a beehive and then laurie - the doorstop. i wanted to have a beehive and then laurie and | a beehive and then laurie and

. >>> and exxonmobil is close to a 58 billion deal to buy pioneer natural for almost $250 a share. >>omething to watch. pioneer shares moving almost 2.5% higher. thank you very much. >>> coming up on "worldwide exchange," we have the one word investors have to note. but first a clash of the fed heads, why michelle bowman said just this morning that's putting her view at odds with tuesday's talkers. >>> plus the climate in israel, what a major company is telling its employees as the conflict there enters a fifth day. >>> and later, damning testimony as the sbf talri enters a second week. we have a very busy morning on "worldwide exchange." stay with us. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcias, love working with you. because the advice we give is personalized, hey, john reese, jr. how's your father doing? to help reach your goals with confidence. my sister has told me so much about you

exxonmobil down 1.6%. pioneer is up 11.3%. back on april 28th, we asked the ceo about the report that exxon could acquire pioneer. >> i'm not going to comment on any specific rumors. i discount what i read in the press. i put a healthy pinch of salt on it. i said in the past that we are always interested in a value acquisition. we are generating on cash. cash generation and cash on the balance sheet doesn't change the fit of the acquisition or the synergy or value proposition. >> in july, objection on bought denburry for $5 billion. this is an issue as they spent money on exploration and reinvesting back in. they spent more on dividends and buybacks to shareholders and looking around for deals they may have. they have a lot of cash. >> bigger than anna darko. still fossil fuels, but clean. natural gas? >> it cleaner. >>> let's talk about the story breaking. s.e.c. suing elon musk in the effort to compel the billionaire to testify about the purchase of twitter last year. eamon javers has more on that. what is going on? >> repor

let's cross live now to our transport correspondent katy austin. look see lockheed martin and exxonmobil having see the day but it is important to note this is roughly in line with what saying and of the geopolitical conflicts in the middle east, stocks down, oil up. depending right now what happens in the weeks and months ahead. whether this is a contained conflict or whether it broadened into it escalating crisis that could have an impact on global markets. ,, ., ., , , markets. stocks down, oil up is the markets. stocks down, oil up is the market isn't — markets. stocks down, oil up is the market isn't it? _ markets. stocks down, oil up is the market isn't it? -- _ markets. stocks down, oil up is the market isn't it? -- is _ markets. stocks down, oil up is the market isn't it? -- is always - markets. stocks down, oil up is the market isn't it? -- is always the - market isn't it? —— is always the mantra, isn't it? and is a flight to safety. in mantra, isn't it? and is a flight to safe . , ., . ., , safety. in times of uncertainty investors go — safety. in times of uncertainty investors

. >>> welcome back to "the exchange," everybody exxonmobil and chevron reporting mixed results for thearter, a quarter where crude jumped nearly 29%. the ceo darren woods of exxonmobil addressing marges on "squawkbox" this morning >> you're going to see margins and prices move pretty dramatically with changes in demand so as demand settles down, we see the margins and prices come off. if demand spikes back up again, there's not a whole lot additional capacity, so we'll see margins and prices move. >> for more on the results of how to trade the stocks, let's bring in neil dingman. good to have you with us these companies have been very busy the past couple of weeks. let's take apart each of their respective earnings reports, starting with chevron. >> you know, again, i think both were a bit -- i call a bit sloppy both missed on earnings expectations cap x was a little hotter on exxon side so it's not -- i call it still on the exxon side a good quarter. it's not the great quarter we're used to for both of these. again, i probably wouldn't push on the upstream side for both, it was chemic

the deal puts chevron and oil giant exxonmobil head to held in one of the world's fastest growing commodities, shale. hess owns shale fields in north dakota. it also has a big offshore oil presence in ghana, which has become a major oil producer in recent years. >>> cal state east bay is working to get more educated professionals into the cannabis industry. the university is partnering with the training platform green flower to launch four new certificate programs, including health care, medicine, business, compliance, risk management, and agriculture and horticulture. leaders say the new partnership comes partially in response to the heavy regulations cannabis businesses face to operate in the state as the industry continues to grow. >> it's important that we realize that cannabis is not something to be afraid of. and california has always been the leader in that nationally and internationally. so, to bring these programs to trusted institutions like cal state really shows the industry is here to stay. >> the first classes launch next month. there's still time to enroll. the cost is about $3

recent years the south american country has become a major oil producer after huge discoveries by exxonmobil's state oil company. guyana produces 400,000 barrels a day and tossing huge investment over the past year. stay investment over the past year. stay in touch with the @bbcbusiness and me on social media, i'm @tadthnright, and until next time, bye—bye. it may look like a small circle of paint but for many former cancer patients it is that the missing piece. she is an award—winning permanent make—up artist but the real prize is using her skills to help people who have undergone huge physical changes as a result of surgery. it physical changes as a result of surue . , ., ., surgery. it is vital for those men and women _ surgery. it is vital for those men and women who _ surgery. it is vital for those men and women who fought - surgery. it is vital for those men and women who fought breast . surgery. it is vital for those men - and women who fought breast cancer to have this final step to feel themselves whole.— to have this final step to feel themselves whole. ~ ., ., ., ., themselves who

. >>> chevron is buying hess it comes two weeks after exxonmobil announced plans to acquire pioneer naturalloween chocolate is going to cost you more this year as cocoa costs surge. >>> a pixar-themed hotel is heading to disneyland. it will soon become pixar place. rooms will feature furnishings inspired by movies like "toy story. we've got more half the break. f. and right into my shower! dial with hydraclean complex and vitamin e cleanses deep but is gentle on skin. dial up your day. let's do this. - bye, bye cough. - later chest congestion. hello 12 hours of relief. 12 hours!! not coughing? hashtag still not coughing?! mucinex dm gives you 12 hours of relief from chest congestion and any type of cough, day or night. mucinex dm. it's comeback season. febreze! your bathroom... needs febreze small spaces... the always-on, odor-fighting air freshener you set and forget. no outlets used, no batteries needed, no effort required. so your bathroom stays continuously fresh for 45 days. that's the power of febreze small spaces. hey guys, check it out: it's mrs. stevens. they say she can make thing

martin up more than 7% this morning and... 0f up more than 7% this morning and... of more than 10%, exxonmobil seeing airlines following. we sing that and we had some reflection of some of the flights being cancelled in israel and oil prices being higher as they are and, then, this is broadly in line with what we have seen during the political crisis in the middle east. oil prices go up in stock full but the broader impact they will be told when we see whether and how this crisis unfolds and specifically whether it grows into a broader wider regional conflict and that will have a bigger effect on international markets. indie will have a bigger effect on international markets. we are lookinu international markets. we are looking at _ international markets. we are looking at the _ international markets. we are looking at the numbers - international markets. we are looking at the numbers and i international markets. we are i looking at the numbers and this international markets. we are - looking at the numbers and this is exactly that and equity markets falling and right back up just five shy of

. >>> and exxonmobil set to buy pioneer for as much as $60 the bil billion.

chevron, exxonmobil out before the opening bell, i wonder is it is time in your view to buy hard assetsttle bit about the stock market in oil and the equity of the going into the earnings of the elevated price of the commodity. >> i believe in terms of oil prices, right between 80 and hundred is where we should be and where we will probably be for an extended period of time, that is 80 - a hundred on inflation adjusted basis. so if inflation goes higher, that should rise. i think that's what makes sense in terms of the economy and where it makes sense for the oil producers. in terms of the earnings, let me get to this point i would not be a buyer of oil companies at these prices, they had a considerable run and they benefited from a higher oil price environment and now as you probably discussed on your show earlier in the month the two mega deals coming online especially in the united states at 50 billion and the 60 billion-dollar deal chevron, all of those are stock deals which is really important to note, those are real cash component to those deals so companies are using their paper

. >> i want to talk about long-term for exxonmobil or any of the cyclical stocks for quite sometime, said it yourself, the performance operationally has been terrific and the share prices have not done anything or have gone down, and that could be a good situation because the cash flows are coming in and getting redistributed in the form of a tasty dividend, and this matters. over the long period this mismatch between operational excellence and more unmoved share prices, just hang in there. >> one more quick point on the buybacks, and tony who was on with me ahead of goldman hedge fund client coverage, and -- a lot of people read his stuff he talks about buybacks as being one of those, you know, stimulative things that you need for stocks to go higher. put buybacks in context in the way the market has come down, and you always talk about buybacks is that a legit thing to feel like that could turn the tied or help >> i think it's a stabilizing force. i don't know if it's a catalyst to reverse some of the negative momentum and send the market higher i think it needs to work in combinat

this is less than two weeks after exxonmobil offered 60 billion for pioneer natural resources. fastest growing oil basins shale. >>> martin's killers of the flower moon had a strong opening weekend but wasn't enough to over take taylor swift the eras tour. the film raked in 31 million to hold on to the top spot. the historical film took in around 23 million. killers of the flower moon is by paramount pictures, parent company of cbs news. >>> the people in a neighborhood saying good-bye to a legacy business. high rents and pandemic after effects took out another business. >> reporter: these are the different years' burning man posters. everybody cherishes these posters. >> reporter: for more than 40 years, jim has been doing what he loves in san francisco. distractions, a legacy business, is one of the famed neighborhood's oldest shops. >> it's bitter sweet. i opened this not to make money but to bring it back. it had been much in the state of decline in the early 1970s. >> reporter: this is a photo of him outside his first store in 1976. he opened the clothing and costume shop

we got bignonias news from the oil patch overall, exxonmobil buying pioneer natural resources and null stock deal valued at nearly $60 billion and that deal when completed will make the joint company the biggest producer in the perm indian basis. investor cans remain tactically bullish or just go bearish until things settle down. bring in for the floor show trader, slate stone chief market strategist kenny polcari. can you do that? >> i'm always a bull and tactically bullish because it's so nervous and anxious in the market and to your point, we see bonds all other the place, treasury yields going up and down and conflict in the middle east causing anxiety in the market and reasons for people to say i can't stand anymore and got to get out. it's usually the wrong result. that's the last thing you should do. what you should do is like i said to you when we were talking and look at names that you own and own for a reason and you've done nor homework and they're in your portfolio because you like them and take advantage of names that are dislocated other than bisasset managers are raising

we have stuff like esg that is pushed on to oil companies, exxonmobil and them and all of them, essentiallyng to, you know, put money into sustainable energy sources when, you know, that's a future thing. it's not present. so put all that together, and you're going to get inflation here with this war. rachel: yeah. it's just, it's so predictable, what's going to happen. >> it is. rachel: i just cannot wrap my head around why they don't care about us being energy independent at a time like this. >> well, it's ideologicallyically they're very rigid. i mean, if you've covered this, i'm writing a book about corporate wokism. i mean, part of the fact that so many companies have gone woke whether it's budweiser, target or you name it, oil companies, is because this whole esg movement was pushed by the white house. it was pushed, essentially, by the obama administration. it took a break during the trump years, and now it's back with a vengeance. and you're going to have higher inflation because it basically constrained supply of stuff like oil. rachel: yeah. >> and you can't escape it. rachel: yea

this comes less than two weeks after exxonmobil offered 60 billion for pioneer natural resources. giants are tapping into the world's fastest growing oil basins, shale. >>> time for a look at what's coming up later on cbs mornings. nate burleson joins us live. always great to see you, especially on game day. >>> that's right. how are you? hope all is well. good to see you. coming up, tony is in israel near the gaza border. he got rare access to a military facility where they're preparing for anticipated ground invasion. also the latest on trucks getting into gaza. holly williams spoke with family of the american hostages who were released friday. plus gayle, vlad and i are in new york with another edition of kindness 101 and more excerpts from brittany spear's memoir. she's talking a lot and telling a lot to fans. we'll see you at 7:00. >> thank you so much, nate. >>> it's game time. niners will look to bounce back on monday night football in minnesota against vikings. the warriors are returning to the chase center tomorrow for the start of the regular season. >> my favorite time

more broadly, i was noticing the way exxonmobil and chevron traded lower after making acquisition announcements. it now happens a lot, crude has been in pullback mode. but it seems like these companies in particular cultivated a shareholder base that says kick the cash back to us. that's what we want right here. it is a tricky thing for management and i guess if you want to know what you own, whether you own an empire builder or a show holder return focus management. >> in the near term, you never like that kind of price action, very tactical. you hope when you buy something, the market likes it, i think they're getting assets and pretty low premium, look at chevron situation. any medium or long-term view, i believe you should own a lot of energy and energy stocks. demand looks to me like it will be very steady, with looking at install base of new vehicle sales and capital spending is top left to bottom right. you can have a lot of other things happening. i think the probability that we have demand above supply is very high in the medium to low term. i would recommend investors own at much ener

the deal put chevron and exxonmobil head to head in shale. hess owns shale fields in north dakota and has a big offshore oil presence. >>> hollywood is hopefully the next round of talks with striking actors goes better than the last round. when last they spoke 12 days ago, talks abruptly ended over major differences that could not be bridged. since that time, some of hollywood's biggest stars tried to make concessions with the hopes of bridging the gap. the broader union shot down that offer. at the same time, the longer the strike continues, the more economically challenging it is for the rank and file. the latest round of talks is scheduled to get under way tomorrow. >>> and trending this morning, a wild animal create ago bear of a situation for first responders in alaska. >> take a look. >> we've got him. >> the little bear managed to make its way into a grocery store last tuesday. the wild animal was caught wandering the aisles. body cam video shows police eventually getting the cub under control. he looked just as scared, too, though. >>

and two weeks after exxonmobil announced its merrier with pioneer -- merger with pioneer natural gas.ly one name that is positioned to have a seat no matter what. baker hughes makes the nuts, bolts, pipes and production equipment for the entire industry, and the stock is rallying 3.33% right now after its quarterly earnings report. let's bring in ceo lorenzo similar snellly joining us live. you beat on both the top and bottom line, but what really steams to be driving the stock was this infrastructure rhode island of orders -- flurry of orders. what does your energy/tech segment include? >> yes, coming off a strong third quarter and the results we posted yesterday evening after the market closed and the call this morning really showing the strength the across the totally baker hughes portfolio. and we said at the beginning of the year we saw tailwind across both oil field services and equipment as well as industrial energy technology. and on the industrial and energy technology side, it's really the momentum we're seeing around natural gas and lng. we're seeing a big uptick in the lng

it puts exxonmobil into a position where, quite candidly, their daily production of oil rivals some smallumbers. in the permian basin, that's where everyone wants to be. pioneer is an incredibly attractive asset, a phenomenal management team. scott sheffield is retiring, but since 1970 he's done a remarkable job. he is the one who's created all this production in the basin itself. of course, this is a fantastic deal. if it happens, it's incredibly beneficial to exxon. it speaks towards the strong fundamentals of the environment overall. >> josh, do you get rid of the ieo here or stay with it? >> no. this is a head fake. it actually makes no sense. crude oil peaked september 27th. oil is down 12% since then. the xl section e is down. ieo has been holding up better than the majors. exxon is off 12% during that same period of time. now, only 9% of the names -- let's look at the big ones. in the xle, only 9% of the components of that index are above the 50-day moving average, which means almost every stop has broken down on the short-term basis. that reading was above 40% as recently as mid-j

one of the companies that sort of is focal point for us today is exxonmobil.he recent deal announcement cost the stock to fall back a little bit. we feel very constructive about the transaction and the outlook for oil prices over the coming quarters and years. we think the commodity is going to be in demand for a long time to come. this particular deal gives them real focus on one of the premier basins and we think it's a fantastic deal. really compelling. cash flow is in the future and very attractive dividend yield at 3.3% right now. we like that one a great deal. in addition to that we like a couple growth-oriented companies. highlighting visa today is a great company with a price earnings multiple looks a little rich on its core but compare to itself over history it's actually reasonably compelling relative to its historical multiple. the other one is viva technologies. a company that creates software for the healthcare space. full suite of products helping primarily in the drug and medical device discovery areas. it's a really interesting growth trajector

liz: phil likes exxonmobil -- sorry, likes chef. ron. chevron up about 3% this year but down 5.5% year to date, pe of # 11. >> paying almost a3.5% dividends and a -- dividend and a company that is diversified and is going to win on not just manufacturing, but development of new resources. i think the company's got a real upside here. liz: by the way, you also saw on phil's list, xerox, that has a dividend of nearly 7. i want to thank you both. we are now hitting fresh new session lows for the dow jones industrials. we're coming right back with much more on that breaking news as it happens. plus, we got some housing data out. the company that has its finger on the pulse or should we say on the plumbing of the housing market, and there is a lot happening. you're looking at home builders falling at the moment, but year to date all of these are up double-digit percentages. stay with "the claman countdown," we're coming right back. ♪ ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia h

but pioneer resources getting bought by exxonmobil for about $253 a share in stock. biggest acquisition for exxon since it bought mmobil. and then birkenstock, not yet open for trading on the new york stock exchange right now. but if you take a look at some of the moves, the offering price again was $46 a share. the indication from a bid/ask stand point, between $39.41. so not seeing the same exuberance with this trade that we saw with arm holdings or instacart. a little more into the signs of what this means for the ipo market. we'll see and bring you that opening trade as soon as it happens. back over to you. >> dom, it's unusual that it hasn't happened yesterday, even forearm, instacart, they all opened in the 12:00 hour, and we are still waiting as the end case has fallen throughout the morning. >> the whole idea, kelly, as you know and many of the viewers and listeners know, as well. it is to try to find that price that has the biggest clearing effect, meaning you can match up the most buys and sells. if you couldn't get it done at the ipo price of $46, there mi

this does matter to or americans here in the united states who are investing in let's just say exxonmobil or chevron or or some of the foreign oil companies like hell and bp. shell hitting -- shell and bp. shell hitting a 52-week high. the strait of hormuz is that crucial choke point as jeff correctly points out where basically, you know, you look at it between the gulf of oman and the arabian sea in the persian gulf. do you pour into oil stocks? oil has been remarkably just west texas intermediate's been remarkably calm. >> the short answer is, yes. the group is up, what, only 6% on the year? it doesn't compute when you have oil probably heading to $95 a barrel predicated on what jeff here has shared. liz: why do you say probably? right now we've got west texas, $87, just a third of a percent. >> we're in the early innings of this conflict, unfortunately. it looks like it's heating up. and i think the world's getting the memo that while israel and palestine obviously on the margin don't affect the oil market, their neighboring countries do. so oil's probably doing a beeline, in our humbl

coming up, is exxonmobil enough to steer this merger past an adversarial ftc? cramer has more.e endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. it's possible. here's why you should switch from chrome to duckduckgo. duckduckgo is a browser you download to your mobile and desktop devices. unlike chrome, the duckduckgo browser has privacy built-in. it comes with a private alternative to google search, which doesn■t spy on your searches, and it blocks cookies and creepy ads. and there's no catch. it's free. we make money from ads, but they don't follow you around. join the millions of people taking back their privacy by downloading duckduckgo on mobile and desktop today. >>> if your company isn't big enough to sustain itself why not merge with a larger operation and make more money together? for me that defines exxon's acquisition of pioneer natural resources, a big charitable trust name where pioneer shareholders like the trust will get almost $60 billion worth of exxon stock. but wha

and in energy, pioneer natural resources is higher as exxonmobil nears a deal to acquire the company.ccording to cnbc sources. dow jones reports the deal could be worth about 60 billion dollars. shares of pioneer up 10%. >> thank you. >>> stocks with a big reversal following today's hot jobs report. here to discuss, t row price sebastien page, a long-time reluctant bear,self described i might add. he might be getting closer to neutral however. welcome back. good to see you. one of these times you're going to show up and say you know what, scott, i'm a reluctant bull now. why are we at that moment, why aren't we at that moment yet? >> scott, i think we're getting closer. we would probably consider closing or underweight which is about a percent now, so close to new ral, around 4100, with a higher mix in negative sentiment, that might be enough to get us back in. i'm still worried about three big macro risks. rising rates. obviously. and inflation. i think it has risks to the upside. and valuations. just a compressed equity premium. but no, scott, we're not panicking, but these are seri

we spoke with exxonmobil's ceo and pioneer's ceo earlier this week.ods thinks they will be able to get this out of the ground in the permian basin at $35 a barrel once this deal goes through. they have other things to make it cheaper with the technology. what does this mean? that's a good number. what does that mean for the other big players? what do they have to do at this point? >> if you look back at history with the majors like bp and shell and exxon and chevron, they were skeptical of shale early on. shale development was a short cycle. they were focused on deep water and long-term projects. in the meantime, early adopters of pioneer with shale and devon and eog were building land positions in the permian. those companies now own some of the best agec acres in the worl. now shell and recchevron have access. pioneer was the corner lot in the best neighborhood. there were others like diamondback with best positions. if you are able to an mamasse l acres, drill horizontal wells. that is incredible. that is what pioneer is talking about doing with no

the agreement marks the second major oil agreement this month after exxonmobil announced it would acquireneer natural resources. chevron says it expects the hess deal to close in the first half of 2024, pending regulatory approvals. and now a live look at the new york stock exchange as trading gets underway. we are down about 133 points. well as with pretty much everything else this year, candy, it's costing more, according to the us bureau of labor statistics. candy prices are up nearly 13% compared to this time last year. so if you're looking at actual dollar amounts, the national retail federation says you would have spent $30 last year. this year it'll be 35 bucks. >> it went up like $3 for just those costco bags. >> everything is so expensive right now, though. unfortunately we went to, i think, target or somewhere else just to start looking for candy. >> and it was outrageous. he's outraged. >> supply chain experts say the cost of each element of the candy is higher. so the sugar, the cocoa bean imports the wrapping paper or the workers wages. now, we're not going to put those on wo

. >> exxonmobil paid 16 billion last week for pioneer oil. we're going to use it for a long time.e not going to stop using oil will be using fo.r the next 50 years if we if we smart about it. >> all rightdollars. charles pas always good to see you, my friend. thank you. all right. unfortunate that is all theaudin time we have left this evening. quick reminder, audience show's wednesday. thursdayce a tickets are free. p go to hannity .com to register and we hope you'll join us. a please set your dvr so you never, ever, ever miss it. episode of hannity and for news any time. every time. all the time. r newsllfox news.com. hannity dcoms and i've got the best news in the entire world. i really do. let not your heart be troubled. why? thankfully, greg gutfeld is back to put a smile on all our faces. kfuls. w need it, greg gutfeld snacks. thank you for being with us. and hope you and your family have a great night.

why don't investors this f they want 500 shares in exxonmobil decide to buy in 100 share increments? to be big too. they don't want to waste your broker's time. i know why brokers hate it when my old hedge fund would place incremental orders. but it's hubris to place a net chunk of your net worth into one stock ought al once. at the same time, many others simply want to pull the trigger on the whole position and then get it over with. they don't want to agonize over each increment. that's why you need to resist making a statement buy when you purchase a stock. i've bought and sold billions of shares of stock in my time. both for my old hedge fund and charitable trust. you know how i got in the absolute bottom, how often the last price i paid was the lowest and then off to the races? maybe one trade in 100. and i'm pretty good. resist the arrogance. buy slowly. even buy over a couple of days if you have to, as i do for the charitable trust. humility beats hubris every time. next rule. i need you to buy damaged stocks, not damaged companies. let's say the mall is having sale and you pi

. >> exxonmobil paid 16 billion last week for pioneer oil. we're going to use it for a long time. we're not going to stop using oil will be using fo.r the next 50 years if we if we smart about it. >> all rightdollars. charles pas always good to see you, my friend. thank you. all right. unfortunate that is all theaudin time we have left this evening. quick reminder, audience show's wednesday. thursdayce a tickets are free. p go to hannity .com to register and we hope you'll join us. a please set your dvr so you never, ever, ever miss it. episode of hannity and for news any time. every time. all the time. r newsllfox news.com. hannity dcoms and i've got the best news in the entire world. i really do. let not your heart be troubled. why? thankfully, greg gutfeld is back to put a smile on all our faces. kfuls. w need it, greg gutfeld snacks. thank you for being with us. and hope you and your family have a great night. this is a fox news alert. i'm kevin clark in washington. israel continues to pound the gaza strip with war against the u.s. now in its second week. the israeli military

. >>> also watching an upgrade of exxonmobil. analysts have upgraded exxon to a buy from a hold.atural resources, not just expands acreage for exxon, but they think they'll get enhanced well production with the two of them together, so exxonmobil shares, up. >>> and then we'll end with domino's pizza. those shares down about 2.25%. mixed report, earnings were better than expected. revenues were a slight mix, but u.s. comparable store sales growth, down about 0.6% for that previous quarter. so, domino's shares, under some pressure. >> dom, thank you very much. >>> let's take a final check on where the markets stand. the cpi numbers came in hotter than anticipated for the month. the headline number was 0.4% versus the 0.3% that had been expected. core was in line with expectations. but the headline year over year was a little hotter too. 3.7% versus 3.6%. futures immediately dropped down. we're still in positive territory, but we had seen the dow closer to up about 145 to 150 points. right now, up by about 72. s&p futures are up. the nasdaq is up. we saw big movements when it came

we even have exxonmobil have been funding the policy exchange , funding the policy exchange, which wrotef our rights to speak out about this corruption that we all know is happening. and jacob is facilitating you. >> we have of tax >> jacob, we have a lot of tax that comes from it. how do we get people charleton say, my children, delighted to your children, be delighted to your children, be delighted to your children ask you, children when they ask you, daddy, do to avert daddy, what did you do to avert this crisis? >> get to say to them >> and you get to say to them that went on national that you went on national television and lied and and television and lied and lied and lied . lied. >> no lies. you're not. you're just making accusations. you have evidence untruth have no evidence for any untruth at all. you're casting aspersions with not one jot of evidence . you deny. the climate evidence. you deny. the climate change committee . you want change committee. you want higher emissions by not using our own and gas. you want to our own oil and gas. you want to stop the british economy. y

exxonmobil isn't giving you money because of charity or the general welfare they're bribing all the politicians today were shocked to find out that bob menendez is okay. and but the reality most people don't stuffed the money into their jacket pockets and don't come in gold. they get checks for more than menendez had. you know the donald trump sheldon adelson gave donald trump $100 million twice in 2016 in 2020. imagine the gold menendez going to have with that $100 million. right. and so this is bribery. and so we're going to call it out and we're going to and we got to get the amendment. if don't get the amendment, they're just going to come back. they're going to money is like a wave. it always it's ceaseless flow of money. right. so the amendment that flow of money by the way, important i and i this is arguably the same amendment, arguably as second amendment corporation is are not people. well. i mean, look, guys, this is where i get some frustrated at the media. i mean, how is if they were real journalists, wouldn't they say, guys? well, of course, the supreme says the corporations are pe

it s chevron and exxonmobile head to head in shale. >>> time to look at the forecast.eaping into the mid 70s whit a alaska airlines $99 companion fare means that you can bring your best friend... you know, one of us is gonna have to change? but we're twinning? oh yay. ♪♪ ♪ we care a lot. ♪ at cretors, ♪♪ we handcraft every batch of our delicious popcorn. like our cretors cheese and caramel mix. great on their own, even better together. try cretors, handcrafted small-batch popcorn. you know, my friend funshine would have loved this trip. well our companion fare is just $99 with the alaska airlines visa card, so your friend can come along with you! next time you're the legs! ♪ ♪ we care a lot ♪ ♪ >>> hey, everybody welcome back it is 8:30 on this monday morning, the 23rd day of october 2023 we're going to take our time we're going to show the people what a gorgeous, gorgeous crowd. we're so happy that you guys are here with us a lot of bucket list people hit new york city, s.g. >> sorry, sorry. i love our crowd so much it's the best. you know, when you're gettin nervous

. >> people starting to put some numbers on paper about the exxonmobil pioneer deal and i think the best seen so far is from truist, which upgrades it and just talks about, it's the right m&a fight. if you go through the deck, you'll see there at 150,000 barrels a day and there's a billion dollars in synergies that this will help pioneer get to its carbon zero footprint, and it's rather remarkable. now, i was -- i'm not saying i was against it. my travel trust had a huge position. if you like exxon, you like the combination, you're going to get more. this is a very thoughtful piece, which really, i think, would be ammo against something if lina khan wants to go from the ftc because it really says, there are so many benefits. what you would have is maybe a lower gasoline price, which everybody in america wants. >> i haven't heard you or david suggest there's a lot of risk on this one. >> i didn't think there would be on activision-blizzard, and i didn't think that we would have a lot on horizon amgen, and i was wrong, so i'm not going to just say that she's going to -- i mean, those deals

your partner's going to be exxonmobil. is that an issue at all for chevron when it comes to guyana?k hess and exxon have done a fantastic job in developing this resource and refining it and continuing to find more and more. we work as partners to share risk in this industry all around the world. there are places in australia and and kazakhstan where we operate and exxon is a partner. we've got a good relationship. they're an outstanding company with great technical capability, great project capability. >> what are your expectations in terms of production from that region? from guyana in particular? >> we're seeing the growth that you have seen out of that project. three of the -- two floating production and offloading units, a third not far up, ultimately up to ten and in excess of a million barrels a day over just the next few years. projects have been on time, on bh budget, and they're delivering more than expected. it's a world class asset, it's unique, and we're honored to be joining. >> do you need all the assets? you've got southeast asia, guyana, gulf of mexico. how about a d

. >>> all right, exxonmobil says that increases in the price of oil and gas will help its third quarter is expected to come in between $8.3 billion and $11.4 billion. that's a pretty wide range. that would be well below last year's nearly $20 billion, but an improvement over the second quarter of this year. exxon's earnings are scheduled to be released later this month and you can see the stock down right now. of course, that is probably more tied to the decline you're seeing in oil prices this morning than anything exxon is saying at this point. >>> when you come back, when we come back, i guess i should say, you're the ones who leave -- >> they're coming back too. >> are you taking off? >> i'll come back. we're going to get you ready for the trading day ahead. we're going to talk rate volatility and the retail investing crowd. this is "squawk box." we'll be right back. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. >>>