what is the halliburton loophole and how else have they tried to keep this secret. >> over the years,ve won exemptions from number of our laws. there is the halliburton loophole in the 2005 bill that keeps them from disclosing what is in the formulas. they may be able to say generally what is in there but they won't say five tablespoons of diesel fuel. and they found that they use 32 million gallons of diesel fuel, so that number of what you're using in this formula is important. in the exemption from the safe drinking water act and exemptions from other bills that require you to disclose that you're using chemicals. they treat each drilling unit as a separate entity rather than looking at the comprehensive impact. >> yes, kate shepherd, great reporting. thank you for joining us. we appreciate it. a lot of those loopholes were done in 2005. does anyone want to guess who was the vice president in 2005? update on the amazing surveillance tape of george zimmerman as he was brought into headquarters. does he have injuries? we'll take a look when we return. ♪ >> all right, "abc news" has g

. >> in finishing the well, the plan was to have a subcontractor, halliburton, place three concrete plugsin the column. the transocean manager wanted to do this with the column full of heavy drilling fluid--what drillers call mud--to keep the pressure down below contained. but the bp manager wanted to begin to remove the mud before the last plug was set. that would reduce the pressure controlling the well before the plugs were finished. why would bp want do that? >> it expedites the subsequent steps. >> it's a matter of going faster. >> faster, sure. >> who won the argument? >> bp. >> if the mud had been left in the column, would there have been a blowout? >> it doesn't look like it. >> to do it bp's way, they had to be absolutely certain that the first two plugs were keeping the pressure down. that life-or-death test was done using the blowout preventer which had the damaged gasket. investigators have also found that the b.o.p. had a hydraulic leak and a weak battery. [watch ticking] >> bp blames a contractor for the disaster. >> the responsibility for safety on the drilling rig is with

could just use e o two in sand and water but these characters who are doing it like halliburton have been filling these holes with mystery chemicals everything from diesel fuel every type of toxin you can imagine anything that would help them fracture that rock or that they think might help them fracture that rock when the gas comes up all that poison sucks back up and they've got to get rid of it and often it's just dumped in in ponds. dumps where ever so you have a tremendous amount of utterly poisonous toxic residue and the second thing is you're fracturing rock if fractures all the way up into a water awkward for now you're drinking the stuff and but really what might be in lately is discovered might be the most dangerous part of it is the drilling itself the drilling down vertically you have to put cement around every drill casing they have to be. encased in cement otherwise gas comes up around it it poisons the aqua for as it goes all the way up so if there are ox for said i'll go first by the way you're drinking water you're underground freaking hard if it if that it was poiso

i mean, halliburton, these are making money on disasters.frequent natural disasters by global climate change. cancer, asthma, heart attacks, other illnesses divorce mortgage loans, all sorts of similar problems where money exchanges hands but there's no continent exchange. quality-of-life plummet and the corporations grow. succumb here we are, democracy crisis. we are facing a huge problem. we have some very critical decisions to make. we need to move forward as a nation that we are handicapped. our communities are divided and we have lost control of our democracy. so i fell back at this point on teachings by my father. what do you do? you get the people together. so i believe that we as a nation know enough about global climate change and about leal as being toxic to make a difference. the issue is do we care enough, and i believe that we do. so what i would like to propose are the two steps we need to take up the national level to help solve the results of a democracy crisis. first, we need to overturn the case. this is more than about oil

baker hughes and halliburton drill for natural gas. hardly a day goes by without some natural gas producer cutting its drilling budget for the dry stuff. and then there is the oils themselves. price of crude rallied more than a buck today. hey, they're all supposed to go up, right? apache went up. chevron went up. nothing at exxon. occidental, which is the most levered of all the majors to oil went down. that's right. the one that should have gone up, the one that is really i think the best one if you want to play oil, lost money. gold. all right. precious metal bounced back nicely today. it's good. a good bounceback. so you buy the miners, right? numont and gold corp were down. barrett gold barely budged. we're seeing these divergences all over underneath the averages. apparel. this group traded lockstep last year. lululemon up $2.60. deckers, the fabulous company behind uggs, fell more than 7 bucks. 9.8%. drug stocks, normally lockstep. how about today? allergan vaults, which you know we like so much, allergan vaults more than two bu

nabors fell 3%, schlumberger was down 2%, and halliburton fell less than 2%. analysts suggest the baker hughes challenges are its own and not industry-wide. the warning from the number three oilfield driller comes as energy prices continue climbing. crude oil settled up more than $1 per barrel, raising above $107 per barrel. the u.s. energy department said crude oil supplies fell in the past week while the market was expecting supplies to increase. also in energy, we learned after the closing bell, three giants are talking about teaming up to ship liquified natural gas from the u.s. to asia. according to the "financial times," exxon, b.p. and conoco are negotiating a $40 billion project focused on sending liquified natural gas from alaska to asia. other media reports indicate a multibillion-dollar international drug deal could be coming. generic drug maker watson pharmaceuticals reportedly is close to making a play for actavis out of switzerland. the price tag could be close to $6 billion, creating a global generic drug maker. shares of watson shot up on specu

bp does still face lawsuits from transocean, halliburton and the u.s.overnment which could run into the tens of billions. the inside story of bp as well as european for reuters joins us now. the stock is up today. presumably people are saying it's less than we thought it was going to be, right? >> less than some people thought, yes. >> will it help them in terms of their negotiations now with the u.s. government? can you draw that straight line? >> it's a bit of a dotted line but you can certainly draw a line there. what's really interesting in the settlement over the weekend was very much looking at the area of, you know, how much extra has bp provisioned. it was made on the basis that there would be no gross negligence so gross negligence means two things. first of all, the chance you might have punitive damages levied against you but also then it plays into the government talks and it would allow the government maximum fine to go from $5 billion up to $20 billion. so the fact that there doesn't seem to be a large revision in the deal that was agreed

halliburton, for example, all of the oil service names had a great move to the upside. that's what i'm talking about. this is the last hour of trading and only big international material stocks, the iron ore stocks, for example, like cliff natural, that's an intraday chart that we're looking at. a real nice turn around and global growth names. >> we've been covering the ipo story. more ipos today. are we in a hot ipo market or what? >> i would say we're in a warm market. it's not particularly hot. millenia media, it opened essentially at $25 and held right throughout the day. look at that. that's a straight line. that's a hit. that's a big hit there. and, of course, that's a mobile advertising company. we had an industrial company, that came out. they priced at $18 and opened essentially at 1905 and closed at 20. this is not cloud computing. two hits there. cafe press looked like a big hit today, priced at $19 and opened at 21.50 and closed right essentially at where it priced there. i would say a modest hit there. some people are hoping that would hold up better. >> on

the last time i heard it's over 200 including halliburton.he state has the best unemployment record in the country, the state treasury has over a billion dollars because of the oil being extracted, they are drilling down thousands of feet, they are fracking big time, nobody is stopping them from doing it. i don't know what they are complaining about. santorum doesn't know what he's talking about and i want him to come out and go after the speculate tors the way you have, because that truly is what the problem is. vermont senator bernie sanders, always great to have you with us. thanks for your time. >>> the right wing of the republican party does not speak for most of the women in this country. >> senate republicans want to restrict women's access to health care and the democrats are fighting back. >> the decision of whether a woman takes one medicine or another should not be the decision of her boss. >> the blunt amendment is just hours away from a vote. we'll have the latest. >>> a big win for the recall effort in wisconsin. scott walker is

areas like, again, energy, cheap valuations relative to the market names offer a decent yield and halliburton and oil services company. technology, so we like stocks like microsoft and intel. >> we were just mentioning in the opening sequence that ibm is at an all-time high. a number of by tech have incredible runs year to date. tech still looks like good value to you, mark? >> it does, mandy. valuations are still at about one half of their trailing 15-year price-to-earnings ratio with the growth rate expected to be the over all aggregate p.e. that remains about 1, which is still compelling p in our practice. >> in terms of investment strategy for you, peter, you said that now is the time to take money off the table, not adding new money in. what would make you put new money? >> well, we will get another round of global qe, but that comes after the sharpdown tu do that shakes everybody up. the global economy is slowing down. it is slowing down. that's going to lead us to another round of global qe but with markets lower from here. when that happens, you want to load up on the reflation trade

i'll sell it to halliburton. they can write it on missiles and shoot it 'em at brown people.ur website. >> yeah. >> jimmy: it's available for download. but you have to figure out that -- the whole tech side, too. >> yeah. i get -- that's another cool thing. it's like my thing so i got to hire everyone that works on it. i hired all white tech support to like buck stereotypes. >> jimmy: yeah, yeah, yeah. >> but i make them talk in indian accents so people think they're getting good service. [ laughter ] >> jimmy: that's very smart. >> yes. >> jimmy: you're doing a cool thing. i like the thing you're gonna announce tonight. >> yeah. >> jimmy: on -- with facebook. >> yeah. if you go to azizansari.com and you hit the facebook "like" thing, whatever city likes the page the most, i'm gonna do a small free show there to thank people for all their support. [ cheers and applause ] >> jimmy: that's awesome. just go -- go to your facebook page and "like." >> go to -- go to azizansari.com and there's like a "like" facebook button on the page. >> jimmy: you guys gotta do that. i wanna show

i think there's some good opportunities in the halliburtons et cetera of the world. >> have a good weekend>> thank you, you too. >> straight ahead, shares of microsoft up 24% this year. the new windows 8 getting some pretty rave reviews. apple's up 34% this year. the new ipad 3, perhaps, being unveiled next week. >> jon fortt thinks so. so what do you do about the stocks? buy, sell or hold. we are going to run them down and give you calls on those and three more on the other side of this break. i have copd. if you have it, you know how hard it can be to breathe and what that feels like. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms... by keeping my airways open a full 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. and it's steroid-free. spiriva does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye d

halliburton getting hit every bit as badly as baker hughs. decided that they wanted to own the natural gas franchise. well, they own it. >> yeah. it's also worth watching today's session, shares of bank of america. bank of america is a standout. so far it is higher by about 1.33% or so. what's key here is the price level. before we had 10.08 and then that rumor that got batted down. so we're approaching the level it had been before the rumor. 10.08 was the prerumor level so it would be important to move past that. >> remember, there have been a tremendous series of downgrades of the regional banks ever since the stress tests results were announced. i think this group could have a major multi-month run. people want to downgrade it, they're too short-sighted. this is where the value is in the stock market. >> we're seeing a lot of strength in the home builders. the etf that tracks the home builders near ia 52-week high here. i want to head over to bob sullivan. >> there is a lot of activity down here. can you figure out why? >> it's a lot of ve

as halliburton did. you can't make your numbers. natural gas, the drilling around the country is being shut down. the recount lowest in ten years, just came out on friday, the answer is you've got to switch your percentage if you're a big oil company to drilling more oil. and the two ways you can do it is to drill more oil and stop drilling natural gas. >> they got caught flat footed in terms of the mix of the business. any company that went gas here, we saw coal companies get gas. we saw integrated oil get gas here. that's one of the worst bets in the past that's happened in the past five years. >> they need surface ports to be ado adopted. they need help, they need this transition, they need as you mention, natural gas station, without it there's going to be a glut of natural gas that's going to last a very long time. >> here with bob on what's moving this morning. >> let's start off with bernanke, we heard from the fed chairman for much of the 8:00 to 9:00 hour eastern time. >> and boom, 8:00, boom, future go right up. why? mr. b

halliburton to billions of dollars from this country. until we address corruption on the highest levels, corruption starts with people in power. the drive guy on the street is just trying to make money -- the drug guy on the street is just trying to make money. he is a strong man. corruption is starting at the top of the line, no one will know what is going on until it is too late. guest: there were a number of high-profile contract in corruption cases in iraq. ofre talking about millions dollars spent to no benefit or people actually stealing money. i do not know how much there was a vat in the construction of the embassy. there was a problem with one of the construction firms the was asked to pay back over $100 million. it reflects the difficulty of trying to do business in a country that does not have, did not have a strong legal framework. in the case of iraq where we rushed in and were spending huge amounts of money, often with companies that have no experience operating in such a conditions, i think it is somewhat to be expected. w