how do you think that's going to impact halliburton?o you think they're going to come through today? >> we're projecting earnings below consensus, and we took down our numbers for baker, slummer and hail burton. halliburton is the biggest, the best. what will offset that -- it's already in the stock. what will offset that is the international deep water, other areas are doing very well. >> when we talk about oil prices, you're expecting a lower oil price? >> we ooh expecting it in the $09 range. oil drilling continuing to go straight up and will do so for the considerable future. and that's been the silver lining, you know, if you will, as natural gas prices remain very depressed. and there's a shift from gas to o oil, and there's a cost associated with that. >> mark, this is carolyn in london. let me pick on the gas prices. how are the likes of hall burden adjusting to that? what does it mean for their margins? >> obviously they're not able to charge what they did in the gas basins so they're moving their equipment down to the eagle fo

there is fear about what happens and we sat down with halliburton and the oil and gas services companies. we understand they have trade secrets. we showed what the ingredients are and it took a six months but we got the environmental defense fund to claim victory and have halliburton claim victory. here is a transparency, set of regulations that will protect the public and settle down all the hysteria and kirk -- furor about fracking. i did it when i was a kid diyala this. how do we get past that fear and uncertainty and create some sort of predictability to business needs? that became a symbol for our issues. to find the appropriate compromise so we can get on to the next problem. >> would you like to bring us up-to-date on california? maybe give us a sneak preview of the may revise briefly. >> where selling bonds and we're not disclosing materials between now and then. we just have to wait. it will be interesting. that i promise you. the basic fact is california increased its production of wealth, the state of 38 million people and all businesses. the economy is somewhat under $2 trill

>> halliburton.ed on their earnings report that came out today -- >> let me tell you how i feel about halliburton. i was going to do a piece about it but i got caught up in other things. when you have no expectations of a stock doing well and it does okay, that stock goes higher, no one expected halliburton to be able to offset that natural gas weakness, but they almost did it with oil. halliburton, i'm saying it, i think it's in the clear, provided that brent doesn't plummet to $90, and i don't think it will. brenda in illinois, brenda? j >> well, thank you, brenda. wow, i love fired up callers. what's going on? >> caller: i bought 282 shares of sxc health solutions a year ago. it went back up nicely. and today i see it went up 8%. i'm wondering if i should sell or hold? >> well you know, this is the greatest performing stock since we started "mad money" eight years ago. and i would tell you that i think you should hold it because this combination is so fabulous, this catalyst sxc that they will com

. >> also halliburton. i like the way halliburton trades as well.rformed even schlumberger. because of that we can look at evaluations and all their exposures around the world. like halliburton maybe better than schlumberger. >> pete, that's a good call. if they are going to have a big bounce off these lows, which i don't know that they will, it stands to reason halliburton might get an even better jump from these levels. >> let's do some of your tweets. research rants asks sf tulback based on toyota sales? seems dumb to me. simon? >> i wouldn't disagree. the better way to play the car industry is actually with the dealerships. a name i really like in there is sonic automotive. owns 109 dealerships, 30 different brands as opposed to one brand. any incremental news about car sales, this stock is going higher. own the dealerships, not the car dealer. >> amazon seems to be in a bullish pattern, no? >> i tend to like amazon. when you look at this chart, it just seems to just scream to the upside. moves to the upside. everybody gets their arms, and they

we saw that in the halliburton numbers and they are expecting the weakness in gas and the falloff, tompact them and came in with good north american numbers better than people expected. inside we have been running for a number of years. that has been at the detriment of the conventional story. a lot of people don't want to take on the risk. we think you can get free optionality and like the names there. >> how much do you think halliburton shares are given the difference? >> it puts a lot of pressure on them because they came through so well. baker hughes came outer and downgraded significantly. that reset the bar and halliburton said one of our competitors said you better come through. >> in terms of other ado assets, are you investing as opposed to the minors or explorers? >> in the mutual fund we follow it closely and the main driver. most of the stocks women don't invest directly. >> you have to be on free port and fantastic valuation. you can't keep copper at 380. i don't believe that, but where do you stand? >> they face a lot of internal problems. they had big strikes. they hav

meanwhile halliburton is objecting to a proposed $7.8 billion settlement between bp and a plaintiffs group. the group represents more than 100,000 victims of the 2010 oil spill in the gulf of mexico. the houston, texas based company claims the settlement improperly seeks to assign certain claims that bp has made against them concerning liability in the spill. halliburton officials say the current wording of the settlement would affect any future settlement deal it would have with plaintiffs. preliminarily approval of the settlement is expected to be made by a federal judge today. >>> here's another story making news now. federal officials have confirmed the first case of mad cow disease since 2006. >> we explain how it was detected and why the usda says humans are not in danger. >> reporter: the disease was found at a -- in a dead 5-year- old cow taken here at the plant in california. it was about to be grounded to pet food when a random test discovered the illness. officials are sure there was never a danger to humans from the cow's meat or milk because according to usda chief veter

oil prices fell 1.5%, but that didn't bother oil services giant halliburton. a strong first quarter helped ignite a rally. while the company saw its natural gas business drop, it has been moving rigs to oil wells. the cost of those moves hurt its margins. the stock has been trending lower since july when it traded in the upper $50s. it bounced up about 4.5% today to just over $34 per share. and that's tonight's "market focus." >> tom: if you think your job is safe from technology, this next story could change your mind. the law is bound with traditions, and lawyers can be slow to change the way they practice their profession. but as darren gersh reports, a new generation of technology and lawyers are making dramatic changes. >> reporter: at first, this looks like just another law student learning to make his case. >> fourth amendment issues present very serious concerns. >> reporter: but the judges here are not just lawyers, they are techie lawyers, experts in how computers are changing the business of being a lawyer. >> i thought the whole point was to displa

services higher today on the back of halliburton's strong earnings.kely to be an issue in the center. and technology, this is a big week for technology. ibm, the big drag, they're responsible for about 40 points to the down side on the dow. one trader telling me, you know, they needed to not only get earnings, revenues and guidance right. they also have to walk on water. it was priced to perfection. when you miss that walk on water part. intel, same story there. a bit of a drag, as well. when it comes to the chips among the big losers today. and genworth financial, delaying its australian ipo. as you can see, there's the performance at the s&p. back to you guys. >> thanks a lot. sitting here with gary talking about yesterday's rally quickly. and some of the things that -- >> let's just take a quick look at a picture i wanted to show at 11:30 yesterday. this is, again, credit in europe. and it shows you that this was not the type of action. and the credit market. it's very simple. there was some euphoria related to spanish t-auctions and the idea that

halliburton. he likes halliburton. isn't that interesting. want everybody to get these names right. nhd, nii holdings, a wireless company. alcoa and amac. those are too much alike. sorry. we got a oil service and semiequipment company, so that's fine. these two, we're going to get rid of -- and pick a health care company. do abbott labs and then i would feel we've got more diversification on our hands. let's go to melissa in north dakota. >> hey, thanks, jim, for giving us the knowledge to swim in these shark infested waters. my stocks are berkshire, wyndham worldwide, ibm and domino's pizza. am i diversified? >> domino's came back big today. should have racked them in. that was so stupid. domino's, yes, we've got a restaurant. ibm, computer company, problem there. wyndham, that has been hot. berkshire, where warren buffett is coming from. we are going to cash your ibm and yes, i'm going to put abbott labs in, too. go to jacqueline in north carolina. jaclyn? >> yes, boo-yah from north carolina. my five stocks are cop, conocophillips, mee, nex

halliburton rose 5% on record revenue fueled by rush to tap new oil wells in north america. the environmental protection agency is giving energy companies more time to begin using green completion equipment when they drill for natural gas. the 2015 deadline is the first federal mandate governing pollution from hydraulic fracturing or so-called fracking. >>> new data from the labor department shows food prices are rising at a slower pace which could bring relief at the check out line. >>> finally, mcdonald's new mcbagette launched to mixed review. some customers embraced the change, others critique the missing crunch from the crusty bread. >>> the celtics charm the magic, the brewers walk off in extra innings, the penguins net ten goals to avoid elimination from the stanley cup playoffs. here with morning sports headlines straight ahead. >>> a few thunderstorms could be on the strong side. the forecast coming up you're watching "early today." >>> good morning, if you're just waking up this is "early today." >>> in sports excitement last night in the stanley cup playoffs as tw

in 2010 he walked into halliburton middle school, for sickle-year-old boy into a back room and tried to assault him. the incident was broken up when someone heard the boys screaming. a local parish is picking up the pieces after a fire spread to the church. firefighters responded. officials say it started near a shed on church property, spread to the roof, and might have caused some sort of partial collapse. it took crews nearly four hours to get it under control. >> i got here and that is what i saw. it is one of those things, you know. it does not bother me. aith, and i know the lord has done this for a reason. >> no one was hurt. dry conditions might have caused the fire to spread. >> in just a few months, baltimore county will have a new school superintendent. the school board unanimously approved the doctor tuesday night as the next superintendent. his nomination has been a little controversial given his age and lack of teaching experience. county official says he was selected by two different headhunting firms which produces the were the counted -- can it for the position. -- c

of halliburton cheney within a few months of coming into office and as vice president he was pressuring the administrator of a christie todd whitman to exempt hydraulic fracking from safety regulation my own point of view as a technician. i just thought it a very i'm arming that e.t.a. technically had described how toxic these materials are toxic at the point of injection and still come out with a summary that says they don't need to be reported or regulated. and that led me in the fall of zero four to object on technical grounds then the inspector general of e.p.a. began an investigation of my complaints. and several months into that congress took the report from e.p.a. saying that fracking did not present a risk along with other information and exempted hydraulic fracking from regulation on the safe drinking water act that lays you and i as the american public in this position we cannot know what the industry injects in our land we it is exempt from being reported. down the colorado river about nine miles to the west of silt is the town of rifle. fully out then on thought. this is one

contributions from the oil and gas interests and the vice president had been the chief executive of halliburton a major player in the drilling industry. the dates of birth growing economy also means expanding our domestic production of oil and natural gas which are by. i don't feel for transportation electricity in manufacturing whatever our hopes are developing alternative sources and conserving energy and that's part of our plan the reality is the nozzle fuel supply virtually one hundred percent of our transportation needs and many democrats fought the bush cheney energy policy they felt they were shut out of the process of developing the nation's approach to energy but this administration is a gas and oil administration frankly and so they're they're wedded to an old policy they're wedded to a twentieth century policy where we need a twenty first century policy you have the bush administration you have to mean at the very top and they aren't sympathetic they're making very serious mistakes because they talk to themselves and the energy companies and only themselves in the energy companies we

. >>> halliburton rose 5% fuelled by a rush to tap new oil mels in north america. >>> and the environmentalrotection agency is giving energy companies more time to begin using green completion equipment. when they drill for national gas. the 2015 deadline is the first federal mandate governing pollution from hydraulic fracturing or so-called fracking. >>> new data from the labor department shows food prices are rising at a slower pace this year which could bring some much-needed relief at the checkout line. >>> and finally, is this a little strange? mcdonald's has a new mcbaguette that it launched to mixed reviews in france. while some customers praised the chain's nod to french fare, others critiqued the missing crunch from the traditional crusty bread. >>> well in health news, a new study says the risk of alzheimer's disease can be reduced by being physically active. even people in their 80s lower their risk if they move around. and that includes regular activities such as cooking or cleaning, rather than formal exercise. the least active seniors were more than twice as likely to develop

you c halliburton, and lucent fined under this act. how serious are these allegations? >> i would expect the stul consequences, the numbers to rank among the top five. >> i wouldn't be surprised if the ultimate cost to wal-mart exceeds a billion dollars because i think we're going to see a significant find between the sec and the dptd of justice. there's a compelling message that this may have happened a number of years ago, but it was swept under the rug. you couldn't follow practices, and promoted individuals. so i think from a dollar standpoint and cost to the company zoo-and i think protion cushion of individuals. >> we'll talk about that in a moment. >> tom: that's less than one day revenue for walt mart. this investigation, how does it determine if the bribery was a business practice or conducted individually. >> ultimately it doesn't matter. it was conducted by wal-mart personnel or by direction based on the allegations we've head. so i think the impact is real and immediate. >> we'll see how the case develops. jacob frenkel from washington. >> susie: more bad ne

they returned to halliburton kbr because they did it in bosnia. who can do it? we know they can, they were in bosnia, they got it noncompete and made a huge amount of profit off that contract, much more than they needed to make had we been more aggressive about overseeing -- >> senator, if i may, we're in favor absolutely of full and open competition. and all the points that you made are absolutely correct. if i could just posit one scenario. the state department has put out in effect competitively bid a number of master contracts and then we issue recompetitively bid task orders once we've qualified a group of companies. we would want to make sure that nothing in the exact legislation would be interpreted to mean that we would have to back away from that activity. go out, we note something either food service or security service or whatever, go to a number of major companies, competitively bid, then award and put them on the master list, then we award them task orders. we would not want this limitation to say, since that contract is in effect over two years old

>> in prison at halliburton. >> how did you feel? >> well, i was relieved that it was over. disappointed because i would have thought he would have taken his own troops with him if he was going to resign, pardon us. or commute the sentences. hopeful that probably jerry ford would do that. i really felt it. i really felt empthetic because i knew what an incredibly difficult thing that was for him to do. just to stand there and look at people in shame. how hard that would be for a man that proud. >> did he ever talk to you about a pardon for you? >> nope. >> did you see him afterwards? >> oh, yeah. the first week i was home from prison i got a call from him. i had said something negative about kissinger on television. and nixon calls me and it's like old times and we're just chatting away and he is embulant and got one secretary of state and we've got to support him. i said, you didn't like what i said on television? i think we should let henry -- he was nicely telling me to lay off of henry. i'm sure henry called him. but it got us some real good conversation and that's when

and they would halliburton totally drunk.s one of the things that had to be slug reformed iff there was going to be with the ultimately with the australian v ballot but the as long as voting was a public activity, it was surrounded with booze. n >>ew even new hampshire though,a virginia we can believe that. but new hampshire? >> live free or die. >> i guess that's right. ght. >> ed, we should say something t about our mutual centuries, ce right? because although it didn't rise to a constitutional level it, l sal loons were not just places h that union leaders, organized folks. i mean saloons are where politicians walked in. >> is that where the smoke-filled rooms were?th >> that was one of them. and they treated everybody therm to a drink and of course, the i custom of drinking was if somebody treated you, you had td treat back.an one beer led to another. it's really where a lot of americans became familiar with the political machine. they didn't have fox news. they weren't smart enough. they didn't even have internet. they g

cheney in ninety eight ninety nine is illegally selling iran stuff that could be made nukes through halliburton so they kind of like him and then bush comes in and he takes out their number one enemy saddam hussein they thought this million people died in this war so i think our committee wants to have a republican president thirty years republicans help him out of iran and then he's the guy that is giving our reserves what he wants to fund a party that's been advocating for tough sanctions against iran and maybe war again so he's right because he's already said i don't want to be watching your party here your party is more about let's have more of them we'll talk sic shouldn't i mean for a party that complaining about gas prices you think they might want to looks about iran for a little bit yeah well good the fact of the matter is last month barack obama raised about thirty six million dollars for his campaign he's actually raised more money than all of the republicans combined but he told just were reported the old i dames occupations that employers are reporters though the democrats are goin