kellogg brown the old collage brown wrote division are part of halliburton and yet k.b.r. says it is quote confident it will prevail and foreseen the u.s. government's legal obligation our government's legal obligation to pay their fines what's going on here well they had a whole they had a hold harmless indemnification that is so unusual that it's not unusual when it comes to military contracts because we had richard nixon put in place some laws were military contracts would be such that they could write these ridiculous contracts that go as far as saying tome that if a corporation is corrupt is k.b.r. the history of k.b.r. is awful we will talk about that but the point is a corporation can go as far isn't intentionally killing a person intentionally committing a crime and not be held responsible under these new indemnification ideas that the pentagon granted k.b.r. in many many military concert contractors to put it in context. you had a hexavalent chromium which was part of this that they understood they were exposing these soldiers to causes cancer causes neurological

and speaking of insane, the subsidiary of halliburton poison our troops.is not theoretical they won. they poisoned our troops. now they want us to pay for it. >> kbr workers wearing white chemical suits. >> they were in full protective chemical gear from head to toe. i looked at one of my men and said this can't be good, can it. >> they want the tax payers to pay for it. unbelievable. it's go time. >> now vice president biden is meeting with both both sides. tomorrow he'll be meeting with the nra walmart which sells a lot of guns, so he'll meet with both sides. he comes out pretty strong. before we get to all that i want to remind you of something. something that we need to emphasize every single time. since the newtown massacre, which has not been that long, do you know there have been 643 people killed by gun violence in this country. so we had 20 kids killed that day. 27 people over all but since then 643 and the body count mounts everything single day. let's bring in michael shure to tell us about that biden meeting. >> it's important that we mind peop

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 earnings pushing oil stocks higher today. to as i promised nicole petallides on the floor of the new york stock exchange. nicole? nicole: thanks so much cheryl. i'm going to bring you right here to the post where halliburton trades here on the floor of the new york stock exchange, and take a look at how it is faring, up 5.3%. that is a stellar day for the energy company. also, 52 week high following their earnings for the quarter. they actually saw a lot of growth and stronger margins outside the u.s., where they have been doing a lot of fracking as well. of course that's what we have been seeing for halliburton. and take a look at some other energy names that have been up along with it. and the oil services index has been a gainer overall. so we've seen halliburton at a 52 week high and lots of these oil names doing just great today. back to you. cheryl: nicole, thank you very much. and we will see you very soon as we get closer to that bell on this friday. >>> his life sounds like the plot of a comic book, a computer master

look at halliburton that was involved in the discussions. they had strong indemnities and.enalized them for a while but not as much from a financial perspective. ashley: how, what are your specific picks in this sector, oil services sector? who do you like and why? >> so there's, we have two or three favorites. the first up with i talk about is fmc technologies. they're a play on the deepwater markets and the equipment that goes into producing oil and gas out of the deepwater markets. ashley: okay. >> the company has had a tough year in 2012. there are some positives we see both fundamentally, with the huge rise in activity and the deepwater over next couple years. ashley: yep. >> also internally things going on which help margins expand in 2013 and probably more significantly in 2014. ashley: you also have halliburton on your list, speaking of which. >> a bit more controversial because they have a big north american presence. there are things in a flattening market in north america with probably modest growth. there are some things halliburton we think lead to margin expan

it's more hypocrite tall than dick cheney doing business with halliburton. >> dana: we wasn't connectedton. >> eric: al gore is connected with perkins, i believe, venture capital firm who happened to be at the receiving end of a whole lot of green energy. loans and grants, via the images department. >> dana: stimulus. >> eric: and stimulus. you can tie it up, certainly. can you make a leap and say pay back? whose knows? not sure. >> greg: couldn't al argue the money i made i'm going to use to help the planet? >> bob: no. i think he will. a fair conclusion to say there is hypocrisy here. he owns one fifth of this channel. network. his partner is joel hyatt i know, one on the nastiest businessmen i know. >> dana: why did gore has him as a partner if the first place then? ah-ha. >> bob: he needs money. i don't absolve gore of everything but if you have five people around the table and that much money is there you get a big overwhelming vote. >> kimberly: good point. bob was extremely reasonable. let's mak take a moment. i'll call on myself. what do you think of a gore? he is quite nice and

dick cheney, corporations were exempted from -- former halliburton ceo dick cheney.porations were exempted. dan simmons, if it is safe, why should we not know what these chemicals are? >> again, that is federal law. in state laws, in almost all the states where there is fracking, requires some disclosure of the ingredients. the same type of disclosure you get on the bottle of soda, what is in the hydraulic fracturing fluid. that is key. even though they may not have to disclose for federal purposes, they still need to disclose for state purposes and to satisfy the state regulators. state regulators, since the beginning of groundwater regulation, state regulators .ave all rais always been in che it has not been the role of the federal government because groundwater is a state issue and they are the ones in charge, they're the ones crafting the legislation -- those regulations. they are state regulations and by and large require disclosure of what is in the fracturing fluid. >> matt ryan? >> the first is, whatever the disclosure laws may or may not be at the state leve

. >> halliburton getting a boost in today's session. when you think halliburton you think fracking. in north america. that led to a drop of about 26% for their quarterly profit because they beat expectations. the stock is really off to the races today. by the way look at the shares just under 40 bucks. the average analyst has a overweight rating with a $43 billion price target. many see as a good buy at these levels even following that report. as far as manufacturing is concerned look at honeywell. look at this steady eddie chart. year-to-date the stock has been strong, nearly $70 a share. right now the average price target is 72 with an overweight rating. analysts really like the stock. they beat on expectations but the really interesting comments from the company's ceo on the call following earnings, david cote saying they're very uncertain where the economy is going. he has been a very vocal corporate voice on some nervousness about washington and the rising debt situation. so that sort of has the stock a little bit flat because all the investors were like, what does that mean fo

we'll deliver with trades on everything from halliburton to seagate so you can make your next move.wo minutes. [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. it's tough to buy the losers and sell the winners. let's play hold 'em, followed 'em. first toll brothers trading at the highest since 2005. who wants toll? >> i will take toll because i've been completely wrong on it. i'm an investor that hasn't owned it all the way up. what do you do with it here? september 21st, a high. it stays below that for a couple of months. now you exceed. you own puts, stay the stock as my good friend mike murphy has done. >> who wants shanneer energy. >> i will. they export national gas. hess will come in competing. they don't have approval ye

halliburton which provided cementing services for the well has not. >>> the federal trade commission concluded its 19-month investigation of google and found no wrongdoing with the internet search company. google's competitors accused it of favoring its own search results. they did agree to minor changes in the way it does business. >>> the automakers did well. the top sellers were the ford f-series and chevy silverado pickups followed by a trio of toyota sedans. the auto industry attributes the strong sales to an improving economy. >>> and hormel will have peanut butter with its bacon. the maker of cured meats, deli meats, and spam agrees to buy skippy pea nut butter for $700 million. it's the second seller behind jiff but it's a big seller abroad especially in china. do you remember the jar that had the jelly and the peanut butter in it? that was genius. >> the peanut butter, jelly, and bacon. i like my sweet and salty. i don't know about you. >> you try it first. >> ashley morrison here in new york. ashley, have a good weekend. thank you so much. >>> coming up on "cbs morning news

halliburton shares jumped 5%, making it among the best performers in the s&p 500. the company reported earnings that beat analysts' expectations, thanks to improving international markets. the stock closed at $39.72. that's a gain of almost 50% since june. shares of heavy duty vehicle maker oshkosh skyrocketed more than 18%. after the firm reported an unexpected jump in first quarter earnings. higher sales of fire trucks helped make up for slowing sales of military vehicles. shares of netflix streamed higher for a second day. the shares rose another 15%. today on top of a 42% boost yesterday. earlier this week, netflix shocked investors street with a surprise profit in its fourth quarter. there was also a pop in wall street's newest stock: bright horizons. it's a child care services provider it went public today and its shares jumped more than 28%, closing at $28.32. the company plans to use the proceeds to pay down debt. >> i think we'll be able to fuel expansion, generate a little big more cash. so we can essentially extend our mission further. not only here in t

halliburton shares jumped 5%, making it among the best performers in the s&p 500. the company reported earnings that beat analysts' expectations, thanks to improving international markets. the stock closed at $39.72. that's a gain of almost 50% since june. shares of heavy duty vehicle maker oshkosh skyrocketed more than 18%. after the firm reported an unexpected jump in first quarter earnings. higher sales of fire trucks helped make up for slowing sales of military vehicles. shares of netflix streamed higher for a second day. the shares rose another 15%. today on top of a 42% boost yesterday. earlier this week, netflix shocked investors street with a surprise profit in its fourth quarter. there was also a pop in wall street's newest stock: bright horizons. it's a child care services provider it went public today and its shares jumped more than 28%, closing at $28.32. the company plans to use the proceeds to pay down debt. >> i think we'll be able to fuel expansion, generate a little big more cash. so we can essentially extend our mission further. not only here in t

these are some things you should know about the houston based company it's a former subsidiary of halliburton it avoided paying hundreds of millions in taxes by hiring workers through other companies in the cayman islands in two thousand and nine it was charged with bribing nigerian officials to win government contracts and it was charged with installing faulty wiring that electrocuted u.s. soldiers in iraq and that's just a few of the things we thought you should know there are more about this country's shady past and whether taxpayers will foot the bill for their mistakes i'm joined now by mike doyle an attorney for some of the soldiers against k.b.r. welcome mike boettcher is worse than sure so we're talking about eighty five million dollars plus the fifteen million to cover legal fees does this is what they were. want taxpayers to pay into this amount to a taxpayer bailout for k.b.r. essentially i think that's certainly what they're demanding that this really is just the first twelve hundred sixty two soldiers and the families of the two soldiers that died from their exposure the first we

hot water some things you should know about the houston based company it's a former subsidiary of halliburton it avoided paying hundreds of millions of dollars in taxes by hiring workers through other companies in the cayman islands and two thousand and nine it was charged with bribing nigerian officials to win government contracts and it was also charged with installing faulty wiring that electrocuted u.s. soldiers in iraq for more about this country shady past and whether taxpayers will foot the bill for their mistakes i was joined by mike doyle an attorney for some of the soldiers against k.b.r. i asked mike if this amounts to a tax taxpayer bailout for k.b.r. i think that's certainly what they're demanding that this really just the first twelve hundred sixty two soldiers and the families of the two soldiers that died from your chose your first well up to trial that's really what they're looking for . k.b.r. essentially saying through this indemnification agreement that no matter what they're guilty of that they're not responsible. well we do know that this going in the bedroom certainly t

carson fighting for a top bank at halliburton's duologue camp is our future unless we stop the economics of extinction and rise the frig up. thank you max as we are talking about the economics of extinction i have worn my shirt dedicated to the species that have gone extinct she used to live in the sewer system under new york city her name was homo lady lady and jamie diamond and lloyd blankfein and all those other slithering creatures moved in and kicked her out loaded up with debt her whole species is gone extinct the purple haired furry goddess identify for the now the pump out of your the basest. well yes we're going to talk about the ever declining wages of workers around the world the ever incarcerated debtor around the world indebted and in slieve by their debt first is south africa striking workers burn vineyards in protest over hunger wages and farmer arrested for firing on thousands of demonstrators striking farm workers in south africa's biggest table grape growing region set fire to more than thirty hector's the vineyards to protest against what they call hunger wages they ap

understanding is and correct me if i'm wrong that fracking was something that was basically developed by halliburton which is a company that was nearly bankrupt when dick cheney became vice president they got some huge contracts for the wars which brought them back into. the cheney. helped ovoid from being regulated we have a little was that a minute. yes so that there jamie yeah the energy policy act passed in two thousand and five contained what a lot of people refer to as the cheney loophole or the new poll exempted hydraulic fracturing from the safe drinking water act and parts of the clean air act and the clean water so does the have any authority well they do have they they don't have the authority they should have and they have they have a few. authority that they can use in certain situations where they think that drinking water is endangering house like they did in this situation but but you know this is largely exempt from our landmark environmental regulations at the federal level and we know the oil and gas industry and finances the state regulators and have failed to protect public heal

our liberty extinct grabbling for want of jamie's food stamp cars and fighting for a top bank halliburton's duologue camp is our future unless we stop the economics of extinction and was the freak up. max as we are talking about the economics of extinction i have worn my shirt dedicated to the species that have gone extinct she used to live in the sewer system under new york city her name was lady lady and jamie diamond and lloyd blankfein and all those other slithering creatures moved in and kicked her out loaded up with debt her whole species is gone extinct the purple haired furry goddess i didn't you play for the know the pump out of this either.

wealth our liberty extinct grabbling for one of jamie's food stamp cars and fighting for a top bank halliburton's duologue camp is our future unless we stop the economics of extinction and was the first go. max as we are talking about the economics of extinction i have worn my shirt dedicated to the species that have gone extinct she used to live in the sewer system under new york city her name was homo lady lady and jamie diamond and lloyd blankfein and all those other slithering creatures moved in and kicked her out loaded up with debt her whole species is gone extinct the purple haired furry goddess i didn't you play for the know the punt better say that it is i thought you were the bassist but well yes we're going to talk about the ever declining wages of workers around the world the ever incarcerated debtor around the world indebted and in sleeves by their debt first is south africa striking.

so continue to watch halliburton, but transocean shares are doing very well, three days in a row. it the new normal? the labor department reporting this morning only 155,000 new jobs added last month and the real unemployment rate, no change, 14.4%, that includes people who are underemployed or stopped looking for work. monica, tell me. >> the unemployment rate is 7.8% which is exactly where it was when president obama was sworn into office. their slogan forward really has extra resonance now. as you mentioned, the actual unemployment rate is 14.4%. this is disastrous. 155,000 jobs, if that the number is to be believed and if it stays without revision, last year and the year before, 2011 and 2012, the average monthly jobs gain was 153,000. this is not a dynamic economy, not a growing economy. stuart: and yet we have the white house releasing verbatim exactly the same statement today as they released at the november report. they changed the date, that's it. first paragraph, verbatim, same. >> you are calling it the new normal, this cannot be our new normal. we can't settle for this

we reached out to halliburton for a statement and have not heard back. >> thanks so much for that report>> the top of the hour, i'm joe johns for brooke baldwin. today despite days of criticism, john boehner keeps his job as speaker of the house. >> for the honorable john a. boehner having received a majority of the votes cast is duley elected for the house of representatives. >> as speaker his first official words were one of welcome and warning to a new congress. >> our government has built up too much debt. our economy is not producing enough jobs. these are not separate problems. $16 trillion and rising, our national debt is training free enterprise and weakening the ship. the american dream is in peril so long as its namesake is weighed down by this anchor the debt. we begin to set our economy free and jobs will come home and confidence will come back. >> let's bring in dana bash. there was an interesting moment involving the vote. what happened? >> we have been reporting on the fact that there is discontent within the republican caucus with john boehner. the discontent is more gene

the point of the story as these analysts have all got on board and like the idea that now halliburtonlking about overseas in the growth business is doing so well and that is helping them to obviously expand. with that, to names that are soaring in the energy realm and thanks to my buddies who are pulling those up for us. cheryl: 20 minutes until close. yahoo! ceo steps up to the plate for her second earnings report after the bell today after taking over the company. shibani joshi with an earnings preview. was already asking questions of what you were predicting after the bell. what is the big headline? shibani: we probably will not see the big blockbuster numbers from the company or huge headline that will save the company. this is a huge ship and it will take a long time to turn this around. it is up 30%. last quarter came in with a surprise beat. it is the external stuff that are helping the company along. so the core question remains how is this company going to get back to its roots. they say it is all about getting back to her roots, but this isn't the 90s, you don't want yahoo g

qlogic, tencor and halliburton. and bright horizontal was priced at 22. climbed to 27.ess companies with reports with different results. herb greenburg with with another sector that fascinates you. right? >> it always does. when i see two companies in the same industry getting different treatment on wall street with one making up an excuse and the other not. both really not doing particularly well and the one that appears to be doing better than the other getting smacked when the other isn't, something isn't quite right. there's the story of tempur-pedic and select comfort. tpx talked about a challenging first quarter, but it really didn't lay blame on anything more than product mix and weakness in europe. yet the stock up now about 12%. 11%. it was up 17% last night after the close on this. now select comfort is down around 17%. it missed on both the top and bottom lines. but it's the reason for the revenue miss that caught my attention. according to the company, the quote, voice of the customer, suggested the fiscal cliff was to blame. if it was the fiscal cliff both

one other man, iraq was a gift for halliburton and the rest of the bush contractor cronies. if you want to take either one of those. >> guest: well, the iraqis have representative government of a sort and the question is whether if it's going to be a fully space one or not. and they have a parliament, they have elections. the elections by the way were deemed in terms of the counting of the votes to have been fair by the observers who salles them, so i think it is a little chauvinist to say that people in the middle east are not capable of building a democracy. that's exactly what's going on now in place is like egypt and other places. they may not get their but a lot of people are trying and there are a lot of iraqis -- they are shia, sunni, kurds, is a multi-ethnic and multi sectarian societies alike question people about generalizing broadly about iraq. i mean, there are iraqis who do want to have a connection with the united states and do want iraq to become more space but they are involved in a political struggle to that end. >> host: let's go to mike now from massachuse

former vice president dick cheney told patrick leahy to f yourself in an argument over halliburton andator john kerry used it with an interview with the rolling stone over an interview about the iraq war. did i expect george bush to f it up as badly as he did? i don't think anybody did. whoo. whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345

because it's such indignation and outrage when something like enron or they can demonize halliburton yet this is the worse i have ever seen. >> it was never envisioned by the founders. this what we are talking about a political permanent class. they come to washington as country lawyers. they stay. their wives become lobbyists, their children, their -- >> that's exactly right. if you look at republicans who came in 1994. with the gingrich revolution. 10 years later, of those who had left, half of them were registered lobbists. >> is that because they are not capable of doing anything else? >> it may be. probably the most lucrative thing they could do. the reality is that it becomes very seductive in washington, d.c. and they accept it because everybody else is doing it and that's really the sad reality. it's a massive cultural problem in washington. >> you talk about aristocracies, a political class that exists here. so, for all intents and purposes, you are deal with people that are living off the public dole, taxpayers were some way shape and form and not called off for it. >> wors

they represented halliburton, kbr.e comes from a culture that is used to defending corporate criminals, not prosecuting them. you know what? that all flows from the top, ed. if you have somebody in charge who has that mentality. look, lanny breuer was also from covington burling. you really should start with people who want to prosecute criminals, not people who have made their entire career, built their entire career around defending them. >> you are convinced from what you've seen that there is more than enough evidence for them to go after one of the big guns on wall street? and they're getting off scot-free? >> completely. i was a prosecutor. any prosecutor -- my prosecutor that looked at these facts would say could we make a case? absolutely. we at least begin with wiretaps. we would have special grand juries. we do would do all the things that a prosecution effort looks like. and you know what? why is it we can go after rico, we can rico a mobster group and we wiretap them and have special grand juries and do wit