halliburton revealed it's trying to reach a settlement over its role in the 2010 gulf oil spill.losion on a bp drilling rig that killed 11 people. halliburton was bp's cement contractor described the settlement talks as being in an advanced stage. >>> more welcome news for drivers this morning. experts predict gas prices could plunge another 20 cents by june. gas usually gets more expensive as summer approaches but a steep fall in the price of oil is keeping costs low. the nationwide averaig is 3.52 for a gallon of regular. >>> and nike removed t-shirts with blood spattered lettering reading boston massacre from stores following last week's deadly boston bombing. the company says the phrase refers to a late-season sweep by the new york yankees of the boston red sox back in 1978. nike says it immediately pulled the shirts last week following the marathon bombings and yankee and red sox fans put aside their heated rivalry last week in the aftermath of the attacks. >> they did. thank you, erica. >>> the red sox were back in action at fenway park last night between the fourth and fif

bp is now accusing halliburton of destroying documents in order to hide their role.estroying evidence is a way of shrink shrinking out of responsibility. it is against that pattern from the other nearby oil company disaster that officials in arkansas are now gearing up to take on exxon mobil, so while they are dealing with this spill physically in arkansas, while they're trying to clean up what's been spilled and trying to protect the drinking water, they are doing that, the attorney general from the state of arkansas has put exxon on notice. very publicly. the attorney general demanding exxon preserve all documents and information relating to friday's oil spill in his state. he say his expickation is that exxon mobil will come ply with that question, but that is cognizant with the fact that other companies in the past have not done that. joining us now is the arkansas attorney general. thank you so much for being with us. i really appreciate it. >> thank you. i'm glad to be with you. >> your office has asked exxon to preserve documents related to this accident. we k

halliburton is contributing as well. but look at the stocks just being killed, throwing out baby with the bath water. we said watch those. as soon as you get stabilization in crude, you're going to see a jumpback rally in these. you saw it at the tail end of last week. that continues today, psx, halliburton, everybody in that sector, making a nice move. and clearly outperforming today. >> the question is, can it last? >> yeah, if we stabilize that $87 level, we will continue to see that. >> what changed last week was overall confidence in the marketplace. money managers took losses last week, significant losses in the community space and reversals in the equities market. i think when you look at sentiment right now in the market, the onus is on the bulls. the bulls are going to have to come up with something to your point that's going to have to be a positive catalyst if we want to reaccelerate. >> if you look at what barron's said over the weekend, the onus is on the bears. 74% of money managers surveyed are very bullis

-- how was the halliburton case with bp out? gulf. host: something you have looked into? guest: i have not. their newest incarnation. certainly the government is relying on contractors for services that net one time -- that has net at one time carried out by public employees. government employees are overpaid -- you're probably paying more for services and halliburton many would be put 40 ipads. they are making some areas more than any other type of government or employee. there is a level of profit that is built in. host: you talked about red river computer company. give us another example. lake shore services, only eight employees but an annual a of -- a $60 million in revenues. what did they do? guest: they really cannot do anything at all. they turn around and give it to a company that does ncc construction. the reason the company gets all of these contracts is because they are a minority contractor. 23% of contracts have been roped off. host: built into the system? guest: the agencies have to choose which cut that they are

halliburton seeing a pop as earnings topped expectations. the company predicted margins would strengthen at the end of the year. halliburton says they expect prices to encrease in north america this year. liz: lots of action in commodity land. did you see gold rebounding after last week's 7% loss. here you see $29 higher. this is the after-market session. gold metal did post gains for the third session in a row. gold climbing 1.8%, to close above $1400 a troy ounce now at 1425. oil is hitting a one week high as group of 20 nations offered no opposition to japan's stimulus program. crude settled the day up 75 cents at $88.76 a barrel. of course japan a big user of oil. "after the bell" starts right now. david: let's get to today's trading day. we have mike, gradient investment senior portfolio manager who says if you're not in equities well now's the time to get in. he will give us his top ways to play it. charles biderman, trim tabs portfolio manager and trimtabs investment research chairman. he will think what he thinks is the number one mo

. >> would you put new money in halliburton? have a strong argument that you'll see more complicated drilling and expertise involved in oil and gas services. halliburton is one of the world's best and they're in the places where it's most difficult to run. this chart has been sideways over the last six months. i think it's a safe place to play. >> safety play, when or if it hits the fan. it fits the fan, i said. gold or bit coins. >> if you're looking for safety, it's gold. bit coins are beta on steroids. this time last week, they were going for $140 u.s. to the bit coin. yesterday they had 460 to the u.s. dollar. today they felt to 110, and they halted trading in them. so be very careful. there's a lot of interesting things about a digital, nondirect, not tied to a government currency, but that's not a safety play. >> mike, this is for you. adp, long-term flat labor market. >> we haven't seen a stellar labor market the last few years. i think you could use that as a bram ter on what their performance might look like. top line 6

. >> dropper, halliburton down 5%. dr. j?is is what we're talking about with the drillers and so forth. support for the oil stocks. halliburton just taking it hard down 5%. but esv, diamond offshore, all of them hit. i think they could see more pressure if we see crude oil drift lower. >> had a drop for csx. >> they reported earnings. and eps was all right. but if you look at year on year performance, revenue was down. coal prices are down. container prices are down. and fuel costs are up. that's not really a great recipe for them. that said, at 13 times i think we might see things close to the bottom here. >> that was our abbreviated version today. the president's comments set to start in just a moment's time. live pictures from the rose garden. we'll bring that when it happens. back right after this. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowe

halliburtons, the schlumbergers, the companies providing the tools, the picks and shovels to help buildout this nation. we think that is a going theme. we think the government will be focused on it, having energy independence somewhere within the near horizon sights. so, development of our resources both, within the united states and perhaps even our partners in mexico and canada is likely going to be an ongoing theme for those companies. ashley: what kind of a time frame are you talking about, jason. we know regulation ties up a lot of these things in the courts? is there a shorter-term play that shows a lot of what you would consider upside potential? >> i wouldn't necessarily mark this as a shorter term theme. there is really two benefits to this. one, there is about 20 basis point left for economic growth for investors broadly. so all investors are participating in and benefiting this to a small degree. more specifically those energy service providers can feel more specificless. as far as short term plans, look this is a long-term theme. we're talking five, 10, 15 years. this is ongoin

what is bp doing about that, or even halliburton or trans ocean? > > it is interesting that you ask that. i think they would like us to think that the oil is gone, the disaster is over, and the gulf is open and ready for business. and while certainly, hopefully, folks are going to visit the region and enjoy the beautiful beaches, the oil is still there, bp has not been held fully accountable, trans ocean has pleaded guilty to some of the criminal charges and paid $1 billion in civil fines for their portion of the disaster, but the trial is now entering its sixth week, and it seems at every turn that bp continues to shirk responsibility. > at the same time, bp contends that all the money it is spending, some $37 billion already, it will actually harm bp. is that true, and do you actually see some of that money siphoning into the community? it sounds like not at all times. > > what i can say is that bp's bottom line has not particularly suffered from this disaster, and they have certainly rebounded three years later. and as their shareholders are rec

we are seeing halliburton as a nice winter. stuart: thank you. let's ring in our real estate guru.of the hour on housing. we are selling 4.92 dillion units a year. not good. >> we would love to see it at that 5.5 million mark. however, we have to realize that we are still in recovery. this is not a boom. people need to realize that. fannie mae just came out and said that existing home sales are expected to rise 5.1% this year. prices are going up. there is some good news and housing. we will be bouncing through these numbers, i, for the next couple of months. stuart: you always bring us great pictures of homes that you have for sale. we will start this morning with a out of chicago. i believe that this is an apartment. it is $680,000 to buy it. let me ask you, how much money per month to rent that things? >> well, this apartment actually is rented. it is rented out for $6000 a month. the mortgage payment would be about $3000 a month. you will have some assessments. you will have your taxes and insurance. you will walk away with a pretty penny on and appreciated piece of party. stua

halliburton blowout in the gulf the f.a.a. imposed a no fly zone over the oil spill you are not allowed to see what's going on exxon mobil has even hired local police for security and they're doing a pretty good job of keeping reporters away according mother jones reporting the documented numerous instances of people being threatened with arrest for just trying to ask questions or take pictures on site. second with all the money and profits from that oil pipeline exxon mobil doesn't have to pay into the federal fund a clean up oil disasters including this one why because this stuff is in the oil. it's stuff that the prefer press refers to as tar sands oil from canada but it's actually legally known as diluted in the eyes as we call it by two men in britain a bit of a and according to a one nine hundred eighty law pushed through and passed by our bought off congress that stuff that comes from canada the diluted by two women not being oil isn't subject to the tiny taxes that are imposed on regular oil to pay into a fund to help

and halliburton over the two thousand and ten deepwater horizon oil spill which happened three years ago saturday so will the merits of this lawsuit or debate over future laws regulating oil explore exploration refinement transportation will these debates take place in these big florida newspapers perhaps and if they are then then being alone. koch industries seems like a win for the oil barons three years ago the nation suffered its worst environmental disaster ever with the b.p. oil spill in the gulf today tar sands oil flows in wetlands across mayflower arkansas all a result of another oil pipeline accident and now with policy debates raging about more pipelines and cutting carbon emissions the biggest players in america's dirty fossil fuel industry the koch's want to control at least some of the media coverage of these oil disasters by purchasing influential newspapers now having said all of that today is earth day so happy earth day joining me now to talk more about earth and what earth day means in two thousand and thirteen with so many challenges to the plate and on the horizo

with canada that allowed for a investor state dispute resolution system and in oil company like halliburton for example could appeal any laws canada passed regulating the output of greenhouse gases to an international court just to fit in like a ensure the proposed trade agreement would sacrifice national sovereignty all around the world including american sovereignty to the interests of private corporations here to talk more about this trade deal and its potential impacts on the economy as laurie. the director of public citizens global trade watch lori welcome back to the show thank you very much so we hear especially coming from the right all this stuff about one world government the u.n. and one world government agenda twenty one these the board the gun trafficking law or resolution that was just passed of the u.n. isn't what's really happening with these trade deals what they should really be afraid of when it comes to one world government well it's very interesting when right wing folks tea partiers here about the notion of a trade agreement submitting the united states the jurisdictio

halliburton blowout in the gulf the f.a.a. imposed a no fly zone over the oil spill. you are not allowed to see what's going on exxon mobil has even hired local police for security and they're doing a pretty good job of keeping reporters away according mother jones reporting a documented numerous instances of people being threatened with arrest for just trying to ask questions or take pictures outside. second with all the money and profits from that oil pipeline exxon mobil doesn't have to pay into the federal fund a clean up oil disasters including this one why because this stuff isn't oil it's stuff that the prefer press refers to as tar sands oil from canada but it's actually legally known as diluted in the us as we call it by two men in britain. and according to a one nine hundred eighty law pushed through and passed by our bought off congress at stuff that comes to canada the diluted by two women not being oil isn't subject to the tiny taxes that are imposed on regular oil to pay into a fund to help cover the costs of spills another reason why the diluted by tume

and halliburton over the two thousand and ten deepwater horizon oil spill which happened three years ago saturday. so will the merits of this lawsuit or debate over future laws regulating oil explore exploration refinement transportation will these debates take place in these big florida newspapers perhaps and if they are then then being owned by koch industries seems like a win for the oil barons three years ago the nation suffered its worst environmental disaster ever with the b.p. oil spill in the gulf today tar sands oil flows in wetlands across mayflower arkansas all a result of another oil pipeline accident and now with policy debates raging about more pipelines and cutting carbon emissions the biggest players in america's dirty fossil fuel industry the koch's want to control at least some of the media coverage of these oil disasters by purchasing influential newspapers now having said all of that today is earth day so happy earth day joining me now to talk more about earth and what earth day means in two thousand and thirteen with so many challenges to the plate and on the hor

halliburton saw lower prices in america.this morning. >>> there's a new survey out by morgan stanley that shows "high net worth" individuals are optimistic about reaching their goals. the president of morgan stanley wealth management. and vice chairman of morgan stanley. and high net individuals and those who have sets of 100,000 to invest. it probably tells you about where people have been looking and trying to put a lot of money what they're feeling about things. >> we periodically go out and talk to investors and we call these pulse checks to see how people are feeling. as you said, we talked to 1,000 investors with liquid assets 100,000. and a third more than a million dollars. investors on balance are more optimistic. they are starting to invest more in assets and instruments where they're reaching for yield, equities, et cetera. they remain more cautious than they might typically be at this point in the cycle with the kind of market we have had. >> probably not surprising when you realize what we have been through in 2

i find that when you look at halliburton.as pioneered everything from great sideways drilling to fracing fluid that tastes every bit as good as that mccafe that does not have the -- >> that is not true. the fracing fluid does not taste as good as the smoothie. >> the hibiscus taste, had i cut the fracing fluid with belvedere. >> tequila! >> then we'd never -- i'd become an alcoholic fracing fluid plus cuervo. >> fracing fluid from tequila. that will wake you up every morning. >> in terms of health, don't have the salt of the fracing fluid. that just boosts your blood pressure. >> that's true. >> thank you, halliburton. one fab drink. >> all right. coming up, we've got a ceo that wants you to bypass facebook. find out which social media company he runs. he'll tell you all about it, but first -- >>> coming up, what's more fun than a pillow fight? how about cramer's six stocks in 60 seconds. don't stop just yet. you still have two minutes to land some nice hits. "squawk on the street" will be right back. >> take a look at the do

importantly this morning, we'll watch for caterpillar, halliburton, netflix and texas instruments afterell. u.s. fourchs are pointed higher about 62 points at the open. similar gains on the nasdaq ask s&p. is this undoing some of the damage wrought last week? let's talk to michael gurka. we've seen stocks sell off. the beginning of a more prolonged period of softness, do you think? >> well, you know, we're still seeing a rather healthy stock market and for all the right reasons i believe earningswise we're going to continue to look for that bid. i am not a big proopponent of that mafs draw down in the stock market and maybe an entrenchment back higher. i think the pace will be continuously sloped upwards, though, maybe abruptly once in a while. a sell-off, but still a healthy market. as you can expect here in chicago, what we're watching closely is not what we saw in the commodities market last week, but more importantly, it's one of the fundamental reasons of why we're starting to see copper break down here. there's no better market in the world than the stock market. particularly, tha

also look at halliburton.he latest developments in the 2010 gulf oil spill case, go to nicole petallides on the new york stock exchange on this one. >> there's a lot going on, a name on the move after their quarterly numbers. energy right now, oil in particular 88.81. some of the names hitting highs including disney and johnson & johnson on the market turned into the green after a week last week with the dow down 2.2%. a very tough week on wall street for so many reasons and the worst one here on the floor of the new york stock exchange. back to you. liz: so warren buffett isn't the only one looking to get an old-fashioned newspaper on your doorstep. when he was a kid he was a newspaper delivery guy. i don't even want to tell you how pathetic i was. i practice, but i threw out a first pitch at an angels game. here she goes. it went into the planter. who is looking to bet big on print. budget cuts not mean you have to budget extra time if you're planning to fly. look at those airline screens. many of them staye

he could do it with with cheney beside him and trading sammy sosa, billions of dollars through halliburtonough crony contracts not allowing fallen soldiers coffining be photographed because it's bad p.r. and lying about mushroom clouds. stealing the election from you know who acting like you had a mandate or a real man would have said count all the votes. and the outing of c.i.a. operatives. and if billy joel were here he would make this rhyme "p" encouraging attacks been our own soldiers by saying bring it on, and dead iraqis, announcing he didn't care about finding bin-laden and forget us our trespasses while we forgive press passes of those who press pass against us. and losing 800,000 jobs per month by the time he left office office, squandering good will, squandering lives and not being able to pronounce nuclear, he was actually a pretty good guy. he raised the ceiling debt seven times. prosecuteed the 20th hijacker in criminal court and bush's greatest achievement, he didn't die in office. so thank you president bush, and thank you for all those tax cuts for creating all those jobs--

halliburton among the big gainers of the s&p among 3%.rvices company posting better than expected first quarter earnings. toy maker's quarterly profit beat consensus helped by sales growth to brands like my little boney and play-doh. >> we turn to the boston marathon bombings. they are of chechen ethnicity raised in dagestan as well as during stan before emigrateing to the u.s. let's bring in cnbc's chief correspondent, michelle caruso-cabrera. >> chechnya is a region in the southern part of russia that has radical terrorist groups trying to overturn russian rule. we know that tamerlan tsarnaev traveled there and spent time in nearby dagestan next to chechnya which is also home to rebel movements. what did he do there is now the key question. it was a question even before he left. the fbi put out a statement this weekend saying they interviewed tamerlan tsarnaev in early 2011 at the request of a foreign government. nbc news has learned that government was russia. according to the fbi statement the russians were concerned that tamerlan had

halliburton says this is setting aside an additional $1 billion to pay private claims from the 2010 deepxplosion. in an earnings policy the company said the increased reserve caused a first quarter loss of $18 million. $0.2 per share compared with a profit of 627 million or $0.68 per share from a year ago. the good news on gas price, the average price of a gallon of regular has dropped $0.11 in the past few weeks. experts say the prices could go down another $0.20 in the next two months. that is the exact opposite of what we were used to seeing as prices generally go up at this time of year. good news. the cheaper gas could hit. toyota says sales of the previous may black expectations because prices at the pump are going down. the company awlnowledges that high gas prices for at use it -- suv sales in the low gas prices make people less inclined to buy a hybrid. the next "money," more residents of west texas going, after last we's huge explosion of fertilizer plant killed at least a dozen people and injured more than 200. there are plants like this all over the country. we are going to t

this is not a company that is cutthroat against halliburton, baker hughes. it's the one everybody uses. david demshur, president and ceo of core labs. going higher. >> coming up, home grown? the stock may be a newcomer, but you'll recognize the brands behind realogy holdings. from coldwell banker to century 21, they're synonymous with real estate. as housing starts hit their best levels in nearly five years, can this company capitalize? cramer conducts an open house with the ceo just ahead. [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. >>> after another really tough session the markets growing more and more volatile by the day. can we just take a breath for a moment and remember that despite all the worries there are still parts

the trial was in today centered on not following advice of halliburton employees testified he did notes forest near safety when they did not follow its recommendations. he never saw our reason to call a temporary halt to the project that there were digging under see for before the blow up but did say, bp had the ultimate responsibility for deciding how the cement job would be performed. the trial has now entered its sixth weekend bp will present -- begin presenting its defense once halberd rests its case. liz: -- david: it has been on the defensive this week first apologizing to chinese customers in an enduring a downgrade from volt which ruled from its conviction list. three weeks before second quarter earnings are released. what must apple do to remain competitive? liz: joining us now, jmb securities senior analyst. i mean, it did so well over the past couple of years. you look at it and say, okay. people woke up and they are not that excited about the company anymore. to their return to the glory days of the past three years? how did they do it, more board and the? >> it is not evi

joining me now is dan halliburton of public affairs with the red cross. what can you tell me the red cross is doing to assist those people who are right now homeless and have nowhere to go as this investigation continues? >> we've been on the ground since early yesterday and we set up a shelter. the kind of good news on that is people had found places to stay with their friends and family and that's always a good thing. we'll have the shelter ready and available. later today we're going to be doing distributions of blankets. it's cold out there. we've also got our feeding activities ready to go. we're actually into some of the impacted neighborhoods, mostly helping the first responders. and then, of course, we're working with the authorities here and with our other partner agencies, the kind of services people will need here in west texas. >> do you have an estimate on how many families you're assisting right now who don't have a home, whose families were injured or destroyed? >> we don't have numbers on that. people are not being allowed in there. we wer

this is not a company that is cutthroat against halliburton, baker hughes.t's the one that everybody uses. david demshur, president and ceo of core labs. clb going higher. >> coming up, home grown? the stock may be a newcomer, but you'll recognize the brands behind realogy holdings. from coldwell banker to century 21, they're synonymous with real estate. as housing starts hit their best levels in nearly five years, can this company capitalize? cramer conducts an open house with the ceo just ahead. >>> after another really tough session the markets are growing more and more volatile by the day. can we just take a breath for a moment and remember that despite all the worries there are still parts of this economy that are going strong? like housing, a totally domestic industry. not france, not germany, not socgen. that's not going to be drilled by european woes or a chinese slowdown. they have nothing to do with each other. the housing comeback is still with us, as we know from yesterday's terrific housing starts number. and this is the kind of huge multiyear t

. >> joining me now on the phone from west, texas is dan halliburton, a member of the american red crossthanks for taking the time to join us. you were on scene. tell us what you've seen. >> it's been a challenging day for the first responders. the search really didn't get under way. it started at 1:00 in the morning and that went well through the night and severe weather came through the area. still rain in the area, and still have the first responders out there, and it will definitely slow things down. the red cross is on the scene. our team is in loft night and more coming in today. we've got a great number of supplies that are already on the ground. more that are going to be here, and we had a shelter last night, but frankly the citizens in this area are so close-knit and tight that they took care of one another, they stayed in homes and churches. we're prepared to have that shelter up and operating for as long as it may be needed in that area, and, of course, we'll have our food service beginning to start later today. >> yeah, i know it is early on, but you folks are so experienced

about halliburton's contacting the takes everything -- that takes care of everything -- how was the withcominge out? host: something you have looked into? guest: i have not. certainly the government is relying on contractors for services that net one time -- that has net at one time carried out by public employees. government employees are overpaid -- you're probably paying more for services and halliburton many would be put 40 ipads. they are making some areas more than any other type of government or employee. there is a level of profit that is built in. you talked about red river computer company. give us another example. services, only eight employees but an annual a salary of -- a $60 million in revenues. what did they do? guest: they really cannot do anything at all. they turn around and give it to a company that does ncc construction. the reason the company gets all of these contracts is because they are a minority contractor. of contracts have been roped off. built into the system? guest: the agencies have to choose which cut that they are on the set aside so in the end they can

we can't afford it, while dick cheney's old outfit halliburton raked in $40 billion worth of contractsbecause of that war. we can't afford it, while the state department doles out $3 billion over five years in private security contrts to protect its gargantuan new embassy in baghdad. we can't afford it, in this golden age of corporate profi when companies pay below zero in taxes while hauling in tax breaks from congress worth millions upon millions of dollars -- and, while, as we speak, the powerful business roundtable ratchets up a costly advertising campaign to cut corporate taxes even more. we can't afford to defend the poor. oh, gideon -- 50 years ago your trumpet was a clear, piercing cry for justice, and we've turned a deaf ear. at our website billmoyers.com there's more about the legacy of gideon v. wainwright and a state by state analyses of the death penalty in america. there's also word of an encouraging development. the story of the bronx defenders a nonprofit organization of lawyers, advocates, and community volunteers that's pioneering a more holistic approh to legal aide.

florida's attorney general filed a 40-page lawsuit on saturday in federal court against b-p and halliburtonomes one day after mississippi officials filed a spill related lawsuit before the three-year statute of limitations expires. florida's lawsuit focuses on the state's economic losses. it argues that the 2010 spill cost the state a variety of tax revenues. the state also seeks punitive damages. (chaos) >> thousands of people in denver, colorado yesterday seen scattering after gunshots rang out during a 4-20 celebration. this is the first time the state has hosted such an event since it legalized marijuana. a man and women were shot but are expected to survive. the man's dog was also shot. police are now looking for suspects. witnesses describe the scene as a jovial quickly turned to panic once the shots rang out. >> the federal defense of marriage act is being challenged by a lesbian couple in los angeles. one member of the couple is from the philippines, and she's facing deportation. she can't obtain residency because the u-s government doesn't recognize her marriage. the judge says cur

. >> halliburton should have bought this company and would offer the soup to nuts that ge wants to dos probably the most forward-looking nonoil gas and service guy being involved in oil. >> yeah. >> this is a major out of media and into oil services in a more significant way. let's not forget they took in a lot of money from comcast as nbc universal didn't own. it doesn't hurt on the balance sheet to be able to throw up 3.3 billion in cash to buy this. >> ge, to be able to have natural gas be powering these. >> research -- oil and gas research facility is earlier in the month. this is a company that has said this is a major opportunity. i am shocked that others do not see it that way including, by the way, our president if they veto keystone because this is all part of getting it out of the ground and then getting to where it's useful. >> the global artificial lift sector. $13 billion in 2013. >> i want to emphasize there are others that people should be thinking about. lufkin bought quinn pumps which made it so that they were kind of a monopolist in this business, and i think there a

. >> and the energy story, maria, another group that we've talked about, schlumberger, baker, halliburtono own these. mexico can't get to the oil or the oil shale without these companies. and the same with the united states. you won't believe this. mexico actually aborts natural gas from the united states, even though they have tons of it. >> let me come back to the here and now for a moment. this market is on fire. you have to be impressed with what's going on here. down 41 points on the dow jones industrial average, having come back from a sell-off of 140 points, a day before the earnings parade begins next week, when we know the earnings are going to be just okay, 0.6% growth or something. >> are we too complacent here, kids. >> expectations are really low. and as we talked about before, the pillars of growth, of the 2% growth that we're seeing, those stories remain very much in tact. that's housing and that's some of these selective industrials that we talk to some of these selective manufacturing names, and again, consumer. and i think if those change materially, and if those compani

halliburton is doing really well today. it is up nearly 51st. this is an intraday chart.is interesting about what we have heard from the company is they came out with numbers. the message that the ceo has been translating has been pretty positive. customers are ramping up spending in northern america customers are increasing their budgets. we know what their plans are for the rest of the year. this certainly gives shareholders confidence. melissa: that is good stuff, nicole. lori: 10,000 flight and delays delayed all because of the federal budget cuts. we are live at the airport. melissa: sending his rugrats, chairman bernanke missing the big jackson hall meeting. first, take a look at how the dollar is faring today. it is stronger against the euro, but weaker against the pound and again. we will be right back. ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditca

i sold halliburton stock for $150 that i bought $4. america pays for that. i get dividends from a french company in oil and gas. everybody is in it. these companies are making a fortune and we're not getting the taxes. everything should be ordinary income. that way, everybody's rates are reduced. let's be honongress will not solve it. the president will no solve it. uess asary inme. the tax code should be taken to the bottom or they will put the nuclear waste of everything as ordinary income and it is simple. guest: that is what they are talking about in terms of tax overhaul. this seems to have interest from both sides of the aisle in the senate and house and from the administration. tax overhaul, there will be three major things. inre are a lot of issues iwanaga devin go but there are three major categories they will have to address. number 1 is out to attack corporate and individual tax reform to gather. there is some definite interplay between the two. in terms of the corporate tax reform, how would we tax foreign-source income. the united states right n

now, stephen someone says headline cheney's halliburton made $39.5 billion on the iraq war.e money in tax shelters than we do in circulation in the global economy. i looked it up. it is true. it's true. there are a million jobs to fix the east coast sitting there and there is stimulus money and at 1%, it is cheap money. >> stephanie: right. >> what is wrong with everybody? the bank is saying you don't understand banking. yeah, well you do when money. >> cheap you borrow it and use it and fix the east coast. what's wrong with you people? are you crazy? stoned? or just stupid? [ laughter ] >> stephanie: slim from richmond, virginia has questions for stephen stills. >> i have stephen stills fun facts. as you know, i'm the official guitarist of "the stephanie miller show." i wouldn't be that if it hadn't been for teach your children. once i heard that, stephen i got to do that. that gave me my career in music. thanks for that, buddy. i also want to ask about buffalo springfield. there are so many songs that should have been hits coming out of that band and they should have been

halliburton all on the weak side.s of serious efforts to go out and short the market. one of the things you watch is the ultrashort etfs and pro shares has one. this the big one. sds is the symbol. two times the inverse. so if the market goes down 1% on a day, you make 2% on this. very difficult to play this. daily thing you've got to play. i don't see, carl, any big pickup in volume here. i saw a lot of people throw in the towels as the market kept dropping as they market kept going up. this goes down as the market goes up. >> sure. >> i do not see days where this thing spikes up when the market's down that much. these people are still suspicious about jumping in. watch this as a sort of indicator of short interest that's out there. i don't see it. >> interesting stuff. bob, thank you very much. bob pisani. >>> let's get to cyprus where the central bank confirms major depositors face losses of around 60% of savings, well above the initial cut of 30 to 40%. our chief international correspondent michelle caruso cabrera

that aren't out there actually doing the drilling, because those lease sales were to exxonmobil, halliburton, some of the companies, these are service companies that are servicing the offshore drilling. think about this for a moment. think about the guys that are using the barges and the offshore boats that carry the service boats that are taking the drilling mud and the casing and the piping and the diesel fuel for the generators and the food and the personnel and everything else that goes offshore out to the platform. but then think about that. their companies are onshore. they're running trucks up and down the road that need truck repair, they need body repair. we need pipe welders and business after business after business in louisiana are helping the offshore industry. and south carolina is sitting there going, if we allowed drilling offshore and we allowed this to happen on the outer continental shelf, then maybe those businesses would come to south carolina. the service boats, the drilling mud, the providers of the onshore pipe fitters and pipe welders. and you know what, those guys h