halliburton has been beaten up with the gulf of mexico. i think they'll continue to close that gap by schlumberger. and oxidental is the biggest onshore producer of oil in the u.s. very good growth prospects for oxidental, just like all of these companies. >> susie: we have a half minute left. exxon-mobil is not on your list. why is that? >> i think exxon-mobil is a little pricey. they do deserve a premium, but i think it is a little much right now. and on top of that, they don't pay as much of a dividend. it yields about 3%. and the xto position they just closed will not yield much to earnings. >> susie: any disclosures to make about these recommendations. >> i do not own any of these stocks, and edward jones does not do any investment banking with any of them. >> fair enough. brian, thank you so much for coming on the program. have a great weekend. >> thank you, you, too. >> tom: here's what we're watching for next week: our friday "market monitor" guest is ernie ankrim, senior market advisor at russell investments. apple, goldman sachs

growth across its markets helped halliburton easily beat estimates. it's the first major oil services firm to report earnings for the quarter that includes the b.p. disaster and deep water drilling moratorium. baker hughes is due out in two weeks. more seats in the air may be good news for air travelers but it could put pressure on airline profits. delta plans to increase capacity at the tail end of this year and into next year. that announcement came after earnings in the second quarter were much better than estimates. echoing what we've seen from several others, revenues were less than anticipated. delta stock dropped on three times its usual volume. also caught up in the sell-off and concerns about more capacity leading to lower ticket prices: u.s. airways and budget carrier southwest, each falling on heavier volume. we saw some biotech buying in gilead sciences. the wall street journal reports that a gel containing an h.i.v. treatment made by gilead cuts the chance of getting aids if used by women before and after sex. this study was led by south

and halliburton recommended they run 22 centralizers, and they ran four.hat caused him a problem because the tapered string of casing is seven inch, the bottom part of it was probably against the wall of the hole, and when they cemented, they didn't get a cement job all the way around the casing. he didn't know that. i don't understand why somebody didn't run a cement bond log. they had schlumberger on the location and didn't do it. okay. i'll conclude this pretty quick. but he didn't get a cement job on the casing. and so when he went in to now leave the hole for the completion engineer, he then needed to take the 14.2 pounds per gallon mud which was holding 12,000 bottom hole pressure that he was circulating that out and replacing it with sea water. good procedure if you had a cement job. but had no cement job, then -- >> larry: the mud is from the bottom, right? >> no, the mud is from the top. >> larry: the mud is from the top? >> sure. you mixed it up. it's 14.2 pounds per gallon. and so he has that to keep the well dead. and -- but he doesn't know whe

halliburton reporting earnings today halliburton trading up about 4.5%.n profit in the second quarter. that means jobs halliburton employing 1700 people. four companies receiving take off offers of over a billion dollars. right now we've got higher markets so we're attempting to recover are from that shock we had on friday. we've got the dow up 67 points and s&p 500 is trading up, as well. bloomberg index gaining at the moment. netflix trading half percent lower saw the movie rental group, red box which rents dvds for a buck a day is starting to launch a new one. coin star is the owner of red box but it's trading lower. and san francisco entrepreneur hoping to cheer you up for a new application for facebook, it's called bar tab. bar tab works by allowing users to buy a dollar drink voucher 60 bars in san francisco buy your friends a drink. they download a voucher. i'm jane king bloomberg news. >> a good friend could buy you hundreds of drinks. see you later. jane. >> it's 6:47. and since 9/11 top secret gathering nobody knows what it costs now or how many

higher and nasdaq gained 19 p this is a big week for corporate earnings and a strong report from halliburton led the energy sector. >>> san francisco could expect an economic boom if it hopes posts the next america's cup race. it came out today. the race would be held in 2013 or 2014 and could pump $1.4 billion into the bay area's economy and that is three times more than what the super bowl would bring. the report says the race would generate 9,000 jobs. >>> coming up on bay area news at 7:00, a fire in the south bay reasons concerns about safety. parents react to a new report that could be cause for alarm. details on the looming deadline for dozens of people who use 88 area transit center for their nighttime it shoulder. >>> cold temperatures in the forecast. i will have the details in the forecast. >> carpoolers on the golden gate bridge must have a fast track account until today they could also pay cash but no they must use their best track account in a main staffed by a toll collector who will verify there are least three people in the vehicle and those that exist in cash will pay $6. t

however, business is booming at halliburton after reporting an 83% profit surge, the oil company predicted high demand for land-based drilling will offset the current deepwater ban. >>> more fuel for the energy sector. china has efficiently surpassed the u.s. as the world's biggest energy user, a strong sign of continued growth for global energy demand. >>> investors shook off crumbling confidence from the nation's homebuilders yesterday, but today could be a different story. fresh data on housing starts are expected to hit a new low. >>> boeing boosted optimism on the street yesterday, landing more than $6 billion worth of sales for its wide-bodied planes. today yahoo! and goldman sachs are on deck to report earnings. keep an eye on chairs of amazon, the online retailer says sales of kindle e books now outpaced hard cover sales. no mention of specific models with steering problems. >>> and, finally, divers in the baltic sea found an unexpected treasure hidden in an 18th century shipwreck. some 30 bottles of what could be the oldest drinkable champagne in the world. the bottom-of-the-sea b

according to "the washington post," bp, transocean and halliburton are the targets of the investigation. officials are looking into whether relationships with federal regulators contributed to the disaster. the latest probe is just another sign at bp's newly named ceo will have his hands full. american bob dudley will replace embattled ceo tony hayward in october. >> we're going to learn a lot, both bp and the industry. i'm sure there will be changes. >> reporter: those changes are already taking shape. bp plans to sell $30 billion in assets and set aside $32 billion more to cover the costs of the largest oil spill in u.s. history. and bp says it will claim a tax credit for the cost of the clean-up and that could cost taxpayers about $10 billion. betty, we'll see how that goes over. >> yeah, we shall see. tara mergener joining us live in washington. thank you. >>> also in the gulf of mexico, workers are battling a new oil spill. 100-foot plume of oil and natural gas is spewing from a well head just off the louisiana coast after being struck by a passing barge on tuesday. clean-up crews

"the washington post" reports that bp, transocean, and halliburton are the initial targets. it could be more than a year, though, before charges are filed. the government is assembling a bp squad in new orleans to examine whether the company's obstructed justice or falsified test results on devices like that failed blowout preventer. but they're also looking into whether regulators might have gone easy on companies in return for cash or other incentives. meanwhile, the senate has canceled today's hearing on bp's role in the release of the lockerbie bomber, due to the lack of cooperation from the company. guess they're a little sidetracked. back to you. >> that's a big project too, thank you very much, courtney. >>> a game delay for san jose's big for the oakland, as. san jose's mayor, chuck reed, says he's consider postponing a vote on the major league baseball park until next spring. the president of major league baseball asked san jose to back off the idea of a november ballot initiative for a new stadium. major league baseball told reed it would help pay for a special ele

look at the stock markets new york has kicked off on a high with the dow and the nasdaq are up halliburton has added to the generally strong u.s. reporting season one else thing an eighty three percent rise in second quarter profits. well she recovered from a bad start twenty a day in the black energy stocks rose as the price of oil hold near seventy six dollars a barrel was the top blue chip gainer up one of the half percent of the saying last week growth has stabilized hungary's debt is topping economic headlines prompting investors to look for safer bets like gold that usually hurts equities but russia is resisting the pressure so far the earning season in full swing in the united states will continue to dominate sentiment over the coming days but the results of the stress test of european banks will also be a factor. and european shares have slipped into the red in the last hour after a downgrade of oil and sovereign bonds rating moody's on monday p.p.s. top loser in london its shares are down almost five percent today on concerns the cap on the leaking oil well in the gulf of mexico i

up halliburton has added to the generally strong u.s. reporting season eighty three percent rise in second quarter profit. russia remains higher and often in trade. fourteen hundred more where energy stocks are rising as the process of oil holds near seventy six dollars a barrel is topping economic headlines however prompting investors to look for safe bets like gold usually. has resisted the pressure so far the earning season in the united states will continue to dominate sentiment over the coming days as well as the results of the stress tests of european banks. and european shares a holding in positive territory in the afternoon despite the. gratings moody's on monday p.p. is shedding value. on the leaking oil well in the gulf of mexico is not as effective as first thought. in our business or to exclusive industry siemens says it can help russia. goal of cutting energy use by fifty percent within a decade europe's top engineering group has declared war on corruption in the company three years ago siemens was convicted. of paying bribe

companies involving included bp as well as halliburton.ctive trading and economic data re-ignite go worries about the economy. that is contributing to a bit of negative tone here. caterpillar and deere, they said there was unexpected drop of durable goods orders, biggest was among aircraft. we are just slightly lower across the board. google reportedly working on a new networking site. it could be designed to compete with facebook. amazon looking at facebook friends and products they like. market ago new service that captures facebook friends for product recommendations and allows them to local on to their priolts and get information on friends and products that they like. >>> all right. thanks a lot. >>> they are being asked about a decision by police to shoot a cow that broke free. it escaped and stampede tluid the fairgrounds where concessionaires were in the property process of setting up. they tried to tranquilize the cow but the dart gun did not fire properly. >> it charged a police officer and again we had no choice but to kill the

. >> the federal investigation will focus on three companies, bp, and halliburton, examining whether cozy relation was regulateors contributed to the explosion no. oil leaked into the gulf two weeks now. work is suspected to begin monday with packing the damaged well. >> tonight a a.signment 7. >> and there is papers and documents and a search for a smoking gun. oprah: one of the thriftiest families in america shares their money-saving secrets with you. then, she walked away from a six-figure salary to eat -- did you have to go to the dumpster to do that -- garbage. next "oprah." dentures are softer than teeth. and a lot of people, when they get a denture, they think the best way to clean it is by brushing it with toothpaste. toothpaste contains abrasives that scratch dentures, leaving microscopic crevices where bacteria can grow, and bacteria can cause bad breath. the best way to go is to soak them in polident. only polident is proven to clean without scratching and kills 99.9% of odor-causing bacteria. i recommend using polident and soak every day. it's the right way to go. "meg wh

more on the oil drilling from halliburton. the company says its second quarter profits rose over 80% as natural gas activity picked up in the u.s. it is the first of several companies connected to the bp oil spill to report second quarter reports. -- results. a suitor has accused bp and a transition of committing a long- term series of crimes by concealing flaws in the deep water drilling plans and lacking the containment for his bill. testimony today on the hill. you can hear it live on c-span radio at 10:00 a.m. eastern. and those are some of the latest headlines on c-span radio. >> the senate judiciary committee will vote on tuesday on the nomination of elena kagan as supreme court justice. watch live coverage on c-span3 and c-span.org. and read the latest supreme court spoke providing unique insight about the accord. available in hardcover and as an e-boiok. >> last week, the u.s. and serve court of appeals struck down communications in the indecency policy. we will talk about this with patrick truman, who filed a brief fo

according to the "washington post," bp transowings and halliburton are the targets of the investigation are looking into whether relationships with federal regulators contributed to the disaster. the latest probe is just another sign that american bob dudley will have his hands full. he replaces tony hayward. >> there will be changes. >> reporter: those changes are already takin shape. bp plans to sell $30 billion in assets and set aside $32 billion more to cover the cost of the largest oil spill in u.s. history. tara mergener for cbs news, washington. >>> the u.s. says two americans were among 152 people killed in a plane crash in pakistan. it happened this morning. rescue workers combed the forested hills to see if there were any survivors but only found wreckage and human remajors. the air bus was operated by a pakistani company and most of the passengers were pakistani. it was en route from karachi and was just about to land when it lost contact with the control tower in the middle of cloudy rainy weather. >>> 5:41. >>> on capitol hill, the house has approved more funding for the u.

as yao can see we did talk about hasbro, halliburton also reported a big profit.will continue to report earnings as they come in. >>> north american movie-goers make the thriller inception number 1 at the box office this weekend, the thriller staring leonardo dicaprio as a thief. despicable me slipped to second, the sorcerer's apreens that slipped to third and those rounded out the top 5. >> we get to brag on local kids. coming up, a high school in a small bay area city becomes the focus of a new reality show. we will tell you about it. >> good morning. northbound 101 in san jose is beginning to slow down a little bit. we will find out if there is something going on here that you should worry about, that is straight ahead. [trumpet playing "reveille" throughou reviving the economy means reinventing the way we do business. here's to the owners showing us the way. [trumpet playing "reveille" fades to silence they used to spend hours on the couch, watching t.v., playing video games. and with all you hear about childhood obesity, i was concerned. now i take a more act

there are a couple of good earnings reports so far, one from halliburton and hasbro also beating expectationsis the beginning of another earnings season so that can effect the numbers. the dow jones dropped 260 points on friday and starts at 10,097. >>> motorola could soon be out of the wireless service. nokia has bought it. they have closed jobs due to falling prices. >> 1 government official says tens of thousands of jobs were lost last year because of the missouri handling of the auto industry bailout. a special inspector general says chrysler and general motors were encouraged to quickly close almost 3000 auto dealerships while under bankruptcy protection. the report says that decision may have contributed to the loss of thousands of jobs in small companies that did business with the automakers. >> right now 5:19. there is alarming new information put the safety of some of our schools. up next we are going to tell you what has been neglected and how that could effect local children. >> also people laced up their shoes for the new walk. coming up their new reason to believe they are really

and halliburton. all of these contractors have done the killing. no wonder everyone hates us. we go in and we start wars and it is -- i don't know. it is so sad. now some malia. -- somalian. pakistan. has anybody listened about oil and how corrupt. and how about halliburton? and all of these companies? everybody should be happy. united care? in a how much money they made? host: let me stop you right there. you're getting into a lot of different areas. guest: i think a basic fact that most americans recognize is that there are people in the world who wished to hurt us, to kill as many americans as possible because we have had some success in the afghanistan- pakistan area, the terrorists are squirting out to other parts of the world. so malia is one of those places -- somalia one of those places where there is increasing danger at least to us. we do not want to be in a position where we have to send troops to all of these different places. what we do want to do is where we can, at least, try to help a local governments or regional governments to take care of the problem themsel

are now preparing a criminal probe of at least three companies involved ini bp, transocean, and halliburton are looking into the relationship between the companies and the federal agency in charge of oil drilling. >>> people whose livelihoods are being hurt by the spill are telling their stories to lawmakers on capitol hill. emily schmidt has that story from wash >> reporter falches from the coast -- >> it's impacted us greatly. >> do you solemnly swear to tell the truth -- >> reporter: to the capitol where two different congressional hearings focus on people hurt by the spill. >> i don't know a single business in our town that has not been directly affected by this oil. >> reporter: the head of alabama's gulf coast convention and visitors bureau says hotels that are usuall thi wneree io. >> and this is not a sustainable business model. >> reporter: the u.s. travel association wants bp to earmark $500 million for a tourism marketing campaign. and in a separate hearing, witnesses called on the obama administration to reverse a deep water drilling moratorium imposed after the spill. >> we wan

and many say that they have been jailed by another american company, halliburton. -- hav >> we will go live to a briefing on the government plan to deploy troops on the border of mexico and arizona >> temporary support to border protection of up to 1200 national guard personnel to serve as a bridge to longer-term enhancement in border protection and capabilities. dod has been working closely with the white house, the department of a homeland security, customs and border protection as well as the southwest border state and the national guard, obviously, on the details of this deployment which we are here today to talk about. at the request of the department of homeland security, the national guard deployment will provide a 1-year bridge to be able to enable customs patrol to hire approximately 1000 additional agents. this is a tough challenge and the defense department looks forward to this partnership. today, we have with us alan bernstein who is the commissioner of u.s. customs and border protection, john morton, the director of customs enforcement, and general craig mckinley. each of

and transocean and halliburton going to be? that's why we need to pass this bill. i yield back the balance of my time. the speaker pro tempore: the gentleman from texas. mr. smith: may i ask the chairman of the committee if he's prepared to close? if so, i'll proceed. the speaker pro tempore: the gentleman from michigan. mr. conyers: mr. smith: i take the chairman to have said he has no further speakers other than himself so i yield myself the balance of tie -- of my time. the speaker pro tempore: think gentleman is recognized. mr. smith: this bill should be opposed for four reasons. first, the bill repeals the limitation of liability act which will hurt the victims of maritime accidents. repealing the act eliminates important protections for maritime victims, including the fund for compensating personal injury victims. this bill, incredibly, repeals the personal injury fund. it repeals the personal injury fund. second, the bill means the bankruptcy code -- amends the bankruptcy code in a man that's right national bankruptcy conference a bipartisan organization, be

proponents of the halliburton low poll said that in 2005, there is just now reason -- just no reasonhy there should not be a force of disclosure. caller: host: -- host: mike on our line from pennsylvania. caller: the government has their agenda and they figure out the money behind it. obama is saying that your income taxes will go up, but everything you buy goes up because of regulations and the cost. like the gentleman just said, your heating oil and electric might only go $100, but they know the something for free. where does the free come from? that is from my taxes. it is like a shell game where everything is getting expensive and there are crunching the numbers. host: ben geman? guest: the epa estimate was for a yearly increase in household bills. the idea behind some of these climate plants is that there would be both a revenue source and a way to sort of offset consumer costs. the revenue source at least eventually phasing in these permits. some of the revenue could be used to offset the costs on consumers. it does raise some interesting questions such as can there really be a

the man that is the ceo of halliburton? whose headquarters are in to buy? host: we had that one caller earlier who said that she felt very middle-class bill would be included. guest: it goes down to making around $300,000. where you could see your tax bill go up next year. if you call that high income or middle income, it is 2% of the population. middleclass is a value judgment, you can define it as you like. it comes down to the normative question of what the distribution should be and how we should redistribute. and i cannot answer that. host: your organization has something right on there website that looks at an income tax calculator with people wondering about their taxes for next year, they can punch in their own numbers. guest: mytaxburden.org. the big things that did it -- affect your tax liability. it has to rescue a million questions, just like her about that. it allows you to see how much your tax would go up next year congress did nothing and how much it would be affected if the obama proposals went into affect. basically people with less than $

they're already redeploying, i think halliburton and others, they've been forced to relocate some 4,000 jobs. offshore energy development impacts at least 170,000 jobs all of which are at risk. with this moratorium. as small businesses have told us, who said, i've already laid off 20% of the work force, next week, i lay off 50% of the work force. what small business in america, what industry, can hope to survive without six months of revenue? mr. culberson: the answer is none. maybe the big guys can but most companies cannot. mr. brady: people are desperately looking for work but here we have a white house policy that puts at risk 150,000 good-paying american jobs. that will impact every state in the nation and by the way, congressman culberson, there have been studies that talk about what the impact is in various areas, if you think about it, the average salary in the gulf of mexico for petroleum-related workers, almost 118,000 -- $118,000 average annual salary. some of those are roughnecks, who may not have a high school education, who are getting $70,000, $80,000, because it's a toug

early in the month of may we had the executives from bp and halliburton and transocean at the table. i was dismayed by all the finger-pointing i saw. jay leno referred to it in his opening monologue. he said president obama has had enough of it. no more finger-pointing and then he went out and blame the bush for the whole problem. and this hearing does come at a critical time. i am grateful we are able to defer to this in the past tense. we have had encouraging news that it seems under control. there is serious environmental and economic impacts to confront in the gulf. because this bill. some of the damage relates directly to the decision making in the aftermath of the deepwater horizon explosion. -- bp caused the spill. as people continue to clean up, the department of interior has made decisions upon the decision in recent weeks that make a lot of boards of 20,000 jobs in the gulf coast energy industry. some of this new wave of economic destruction is already occurring. this is when we're hitting people when they are down and need it the least. the governor of louisiana wrote a po