halliburton, right to announce to talk about that repurchase authorization.e big thing. though everybody says this is an international ol services firm, 50% of their revenues are in the united states. when they started talking about acceleration in fleet additions for fracking, that's what matters. that's what everybody's going to pay attention to. that's what we're listening to on the conference call. a nice story here with ak steel and steel dynamics. it wasn't a surprise but buying a russian steel company. their business in the united states. getting ak steel buying dearborn, michigan plant. going to consolidate ak steel's activity there. consolidate the detroit auto supply complahain for steel. steel dynamics, the lowest cost sheet nils in the u.s. and able to double capacity. both stocks trading to the upside. nice move, 6% in steel dynamics. dow's down 74 points. back to you. >> thanks very much, bob pisani. the cds outdoor deal, helping shares. let's get to allergan. bring up to date on the back and forth. allergan reporteder. earnings, perhaps the one

he says dick cheney goes to work for halliburton. next thing you know, he is back in government and it is a good thing to go into iraq. that is a mark amodei cassation -- remarkable accusation. >> i remember the allegation that i was making money because i had been head of helberg and somehow -- halliburton and somehow getting conversation. that's the chart that pat leahy made shortly before i suggested what he might do. [laughter] i have worked for halliburton, it was a good company. go to war inote iraq so halliburton could make money. that is a lie. >> what you think of bob woodward? >> i like bob. i have had differences with him from time to time. we have crossed swords on the civic things -- on specific things. i haven't read all his books. i can rumor cooperating on one or two. i think he adds a lot to the journalistic profession. why do you ask -- ask? >> two days after your former boss, president ford -- you had been his white house chief of publishedob woodward in interview he had had with president ford on colorado. preside

i have worked for halliburton, it was a good company. we did not quote go to war in iraq so halliburton could make money. that is a lie. >> what you think of bob woodward? >> i like bob. i have had differences with him from time to time. we have crossed swords on the specific things. i haven't read all his books. i can remember cooperating on one or two. i think he adds a lot to the journalistic profession. >> why do you ask? >> two days after your former boss, president ford -- you had been his white house chief of staff -- bob woodward published in interview he had had with president ford on colorado. president ford said he was very much opposed by the decision to go into iraq. did that give you pause? >> no. >> why not? >> i disagreed with him. >> has there ever been a time -- given what is happening in iraq now, is there anything you could have done as vice president that would have foreclosed that were put us in a better place? >> what has happened in iraq now is a direct result, remembering with the surge in 2007 to 2008, we got ir

halliburton is a leading fracking company, and the loophole was created in 2005 under vice president dick cheney, who used to be halliburton's ceo. >> the 2005 energy bill completely exempted the natural gas industry and fracking technology from any regulation under the safe drinking water act. it's an outrage. >> did the vice president put that in there? >> the vice president advocated for it, and he pushed congress to insert it into the language. >> part of the fracturing process involves you pouring down some pretty nasty chemicals. what happens if they spill all over the place? >> okay, let's define "nasty chemicals." nasty chemicals are underneath your sink. reality is, you don't drink drano for a reason, but you have drano in your house. if you want to define what's nasty, go ahead. >> there are nasty chemicals that affect your liver, that cause cancer, that shut down your system. >> yeah, you don't want to drink frack fluid. if you take away nothing from this interview-- >> no, but isn't there a possibility that you go down, and something seeps, and it gets into the water supp

i do remember the allegation that i was making money because i'd been head of halliburton and benefite charge that pat leahy made on the senate one day shortly before i i -- [laughter] suggested what he might do. [laughter] it was totally fallacious then, and i've worked for halliburton, it's a good company, had a good time doing it, but, you know, we didn't, quote, go to war in iraq so halley burr taan could make money. that's just a lie. >> what do you think of bob woodward? >> i like bob. i've worked with him from time to time, a couple of times we've crossed swords on specific things, but i haven't read all of his books, but i can remember cooperating with him on one or two of them, and so i think he adds a lot to the journalistic profession. >> so you're -- >> and why do you ask? >> in, two days after your former boss, president ford -- who you'd been his chief of staff -- two days after he died bob woodward published an embargoed interview he'd had with president ford, spent four hours this colorado. and president ford there said he was very much opposed to go to the decision to

monday morning, halliburton reports. i think you might have an opportunity to make hay on this giant oil service company. the reason? if we get more tensions over russia let's -- over the weekend, no one is going to care about what halliburton reports in the morning and i believe there will be some strong earnings. a conclusion i reached after spending a huge amount of time talking to the company. how is a key cog in the wheel of the american renaissance and plus it's become more value not less whenever oil is headed higher because of geopolitical conditions. we get angst and worry the numbers go down and then you can buy hal at a better price. could be a bargain. after the close we have chipotle. a very tough one. i think they're doing fabulously. however, so does everyone else. one of the true his ups of the earning season is played out, if a stock has run up into the quarter, it could get hammered even in the results are fantastic. that does fit chipotle's situation. let's add another level of complexity. the restaura

@gregory riggans, halliburton, what do you think? cooperman liked it last year. away. i think halliburton is a technology company. i don't think it's an oil service company. it's a technology company that works in the space of oil. up next, a tweet from @landra 1. are we going to buy it? no, we're not going to buy arco darr coe or mcdonald's. sorry. one more. no they're giving me the -- it's been a real long day. stick with cramer. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. people find out state farm does car loans as well as they do insurance, our bank is through. good point. grab an edge. look there's two guys on the state farm borrow better banking sign. nope for real t

so a company like halliburton which specializes in people drilling holes will make a lot of money. >> your last one, quickly, is horizon pharmaceuticals, a couple sentences. >> the bottom line is specialty pharmacy is the big companies, big companies, they need product, so the specially pharma companies are taking products and specialty areas like inflammation and putting packages of drugs together that are attractive to a bigger acquirerer. >> any disclosures in terms of if you hold it or you clients? >> we own all three of those companies in our mutual fund. >> thank you so much for joining us. >> thanks for having me. >>> coming up, the deadline to comment on one of the fcc's most controversial propels is fast approaching and dividing some of the biggest players on the internet. >>> some new data from the labor department shows in june 33 states added jobs, 17 lost them compared to the month before. and with that, the unemployment rate dropped in 22 states from may to june. it rose in 14 states and it stayed the same in some 14 others. right now mississippi and rhode island have th

number four is halliburton and plans for continued development of fracking.d-quarter profit margins to be near 20%. >> number three is phillips which saw 23% drop in net profit during the second quarter. it also said his budgeting for improved earnings at its health care equipment unit at the end of the year. >> number two is hasbro. the company sales continued to grow in the second quarter. chilleden is still felt debt fell short of analyst estimates. >> i love monopoly. i am terrible at it. i lose every time. number one is allergan, the maker of botox is cutting 1500 jobs or 13% of its workforce as part of a restructuring as it fights a hostile takeover bid by valiant pharmaceutical. it reported second-quarter earnings that topped analyst estimates. there you hear the opening bell. we're are nearing the opening bell. john iie says it is time to go long on volatility. olivia and mike are staying with me as well. you want to buy the dollar, but where is it? you could not get worse headlines in the news now. >> i think the headlines have az andery bad, with g

we were sued by russian billionaire oligarchs for a story we did about dick cheney and halliburton and their business activities in siberia. that suit went on for five years. it was dismissed. but, you know, generally, we're not -- this is a fortunate country in that sense. we don't generally kill journalists or even beat them up, unlike other countries. >> can democracy die of too many lies? >> i don't think there's any question about it. you're usually the one who quotes scripture. but my only thing i could ever quote -- i may not even have it perfectly right -- but from proverbs. "when there is no vision, the people perish." that happens to be one of the all-time, most interesting statements i've ever heard. and i think if you don't know what's going to happen and you don't know what is happening, how are you going to embrace any problem of our time with any seriousness? if all you're ever doing are two parties fighting over everything and everything is debatable, and you can never reach a consensus on any single thing, and you don't even have common goals anymore, what are we here?

new york and some other international news now that's halliburton suicide attack in eastern afghanistan killed four nato soldiers nearby airbase sensibility and some see policemen are also among the casualties the assaults came soon after the independent election committee and now gone the had won a prize that. his rival i planned the results of against the people insisted the process. a powerful typhoon bats are japan's all canal island chain calls and waves and. up to five hundred thousand people have been told to see shelter and at least one person has been killed the storm calls massive power outages for schools to close and triggered flight cancellations warnings of potential flooding and heavy downpours have also been issued for japan's west from mainland. and entire italian alpine village. it's located in the northern p.m.o. region they are a national park and it boasts fourteen along with. its in lead over little renovation however the asking price for the entire village is a bargain by the c. one hundred forty five thousand euros although political analysts pall over phone beli

halliburton and six flags. chipotle, texas instruments. >> we have a busier economic week then we saw last week. we look at stocks, bonds, currencies, commodities, futures .t -2 the quiet on the screen, waiting for news flow. 103.14. for the boe. the yield curve is flatter. .2% spread. is 10-year to the two-year below 200. you can see the point to federal over. recession, recession -- nowhere near recession, but nevertheless a rollover to a flatter yield curve. we have looked at the front pages. they are tragic front pages this morning. first, the latest on malaysian air flight 17. the bodies of 251 people, 66 parts of bodies have been recovered and brought to refrigerated train wagons in eastern ukraine where they are essentially being held hostage. the rebels are preventing the department of the train. >> and the dutch are finally being on the scene, but i will be honest, i don't know what that means. it is heartbreaking. saysraine's prime minister international experts have arrived and need to get to the cra

. >>> and halliburton posted earnings that matched estimates but revenue was well above expectations. the oil field services provider said increased drilling activity in the united states and the gulf of mexico helped up its quarterly net by 20%. it also raised its share repurchase program. the stock was up slightly at $71 a share. >>> hasbro's profits slipped last quarter and its sales declined in its gaming unit. the toymaker did see sales for its transformer toys and other products increase. but not enough to offset those soft game results. the company said it is well positioned for the holiday shopping season. but investors were disappointed. they sent the shares down more than 2.5% to 51.78. and weak attendance at six flags weighed on that company's earnings. the company blamed the shrinking crowds on the bad weather, which extended school calendars and shortened the spring breaks. shares fell 4% to $39.31. and a florida jury returns one of the largest verdicts ever against a tobacco company. awarding $24 billion to the wid zoe of a man who died of lung cancer. r.j. reynolds says

to halliburton to make money. lie. s a >> what you think of bob? >> i like bob. of times we've crossed things, but icific haven't read all his books, but remember cooperating with him on 1 or 2 of them. think he adds a lot to the journalistic profession. why do you ask? two days after your former boss president ford, you had been his white house chief of died, two days after he bob woodward published an embargoed interview with president ford. president ford said he was very much opposed to the decision to iraq.to did that give you pause? >> no. why not? >> because died, him.oodward i disagreed with >> has there ever been a time ask the this way. given what's happening in high rack now. there is anything that you could vice president that would have foreclosed that or put us in a better place? listen, what has happened in raq now is a direct result remembering with the surge in to a d '08 we got iraq good point by the time we left office. the advance i think -- the ecent advance were from two primary sources. ais

. >> you do have major oil service companies like schlumberger and halliburton working in russia., i would imagine these companies would be worried about operating in those countries. halliburton said they are fine now, but in 2015 it could be an issue. >> it is always an issue when you look at the issue of energy on a global scale be it in russia, the middle east, china, wherever it is. there is always political risk and economic risk associated with these decisions. once again, we should not forget that we have moved from scarcity to abundance in the united states. we have leveraged like we have never had it before, and if we really want to strengthen our hand globally, we should not forget the domestic equation. experts have told us we can produce another half a million barrels a day, we create jobs while we are doing it, and we are reshaping the geopolitical landscape. jack, you mentioned you want to see leadership out of washington when it comes to energy policy. who would get your vote in 2016 to do that? >> it is premature. i do not know who will run in 2016. most of us are

there's a leavened so nine out of eleven they're in a bind oil and oil servicing companies like halliburton and whether for generate roughly forty five percent of their global sales from russia so from an audience standpoint this clearly hurts these companies and as their revenue from russia dries up they'll have to absorb a lot of fixed costs and of course for russia deep recession now looks pretty much inevitable worst case the european commission believes sanctions could cut russia's growth by one point five percent this year and four point eight percent in two thousand and fifteen according to leaked reports so basically we're turning russia to the soviet like stagnation it experienced in the early one nine hundred eighty s. all in all economic outlook is bleak. quick correction a lot of raw is the foreign minister not the finance minister those apps they get every time now anyway moving right along second quarter g.d.p. numbers are out and they say that us economy grew at a pace of four percent in the past three months and it turns out the first quarter g.d.p. wasn't as terrible as eve

on the downside, some economic data was not up to snuff, particularly on halliburton and pat -- and caterpillaring down the dow. and some latebreaking news here. trulia is one that we have our eyes on. zillow is seeking to diet, which will -- to buy it, which would combine the two biggest in their industry. it could end up placing a $2 billion price tag on truklia. talks are still ongoing and may not result in a deal. and we are looking at barclays. they are asking a judge to throw out attorney general eric schneiderman accusation of lying to customers in order to operate in dark pools. they insist that those who use this dark pool are highly sophisticated financial professionals. ♪ ♪ >> welcome back to the second half-hour of "bottom-line" on bloomberg television. thank you for staying with us. let's continue the coverage of breaking news we told you about moments ago. seeking to acquire a rival according to people with knowledge of the matter. it is a move to acquire the to does most visited websites. broke the story and jeff joins me now. a big deal. >> it is. the dollar value, roughly $2 bi

no one with a pulse cares about the fifth third case but the halliburton, we wrote about. had a way to do away with security fraud class actions so you couldn't really ignore that. >> it's a balancing act, right? during oral arguments you don't know in which order the decisions will come down or which decisions will come down together. i'm the sole washington reporter for all my papers and i'm only within person so i covered oral arguments in fifth third because it was an issue for particularly lawyers that could be of interest and when it came down, it came down in a flurry of you know, much bigger, much more impactful cases and ended up not writing a story about the decision and i think some publications may have run ap copy or not cared so much at all because they were so focused on the other cases so i try during the course of the year to pace so that the decisions will come down at the same way that oral arguments will but it doesn't always work out. >> i make sort of a different comment. there are a lot of cases during the term that are not all that interesting but i

the issue will be if the companies in russia are ever affected like exxon, slumber j, halliburton.nding it out, you have to take a look at u.k. natural gas. that rose to the highest level in the 2 weeks on not only the sanctions, but the jet crash we heard about earlier today. russia provides europe with about half of its gas imports and half of that goes through ukraine. i have energy experts saying that all in all this is not going to be a big deal for the commodities market partly because europe has a tremendous supply of natural gas right now. inventories are the highest since 2010 and that is helping to deflate the risk premium somewhat. overall it was a relatively warm winter. the one problem that could be an issue is in france in terms of inventory could only about 58% filled. there theyreally hot would need a little more gas. >> alix steel, thank you so much. mark crumpton and i with our coverage over the last hours. a number of very qualified guests on aerospace could now we turn to the most important in view of the moment. recently in ukraine, it barely describes his comm

today the stock is halliburton, phil roosevelt who put it into barons over the weekend is now counting them? >> we said that halliburton is one of the leaders in the booming energy field that makes the equipment to make oil and gas that is hard to reach, the older wells, the offshore wells. stuart: they are leading in that field? >> they are being inundated in their technology in finding ways to unlock energy the others are getting. stuart: but you only have a 19-cent gain. that's not great by your standard. >> it's a big big stock. it is a game. their earnings, which just got this morning showed their margins improving, which is part of our long-term. we feel confident the stock will work out. stuart: that's the barons bounce this monday morning. thank you. hee.nry clinton making more than $10 million since leaving the obama administration. no, no, -- e it is not for y. you're not a comment. you're not a comment. >> i am. and with that in mind... what's in your wallet? stuart: but after the break. let's pay some bills with a commercial, shall we? i'm only in my 60's. i've got a nice l

maybe halliburton did not have anything to do with it, but it is interesting to think about. a communication system of signals, roads, parks, store houses, arsenals. why do we consider this symbol, sword and shield, symbol of the union, the shield that protected the fortification and the city and the sword, the union armies that were supposed to work together as important in our particular story? forts and the ,eavy armament at fort foot which you must visit because it is superb, restored and preserved, by 1864, we have an is, if the duke of wellington had been here, he would have said it was a damn close run thing. despite all of these fortifications, despite the thousands of public dollars expended on this system, it was the critical summer of 1864, a critical month of july. 10 critical days of which right now if we had been in the city i have not gotten there yet. give me a chance. [laughter] been there on july 10, 1864, we would be panicked, in the streets, without air conditioning or refrigeration because the rebels were close enough to be in rockville, gaithersburg, and

baker hughes, halliburton, these are names that still work to their five-year average growth profiles. certainly on an evaluation basis, that's it. >> guy adami, would you roll into the sub sectors that did not do as well. >> for example? >> for example, the refiners. >> they're fine. we saw a huge capitulation. we saw a monster volume, especially in valero. i think the headwind still exists. back to the airlines, they absolutely still work. they had some energy issues. they sold off as we saw a spike in crude oil. they recouped most of it. dell the to me is the one that still stands out, jetblue within a whisper of $11. >> can you be a believer in both the energy trade and airline trade? >> yes. >> yes, i think you can because they move for different reasons. i would say a stock like g.e. would not have participated yet. they have a monster buyback. it's not participating. i don't know why. they're going retest the highs at 28. >> is that enough to be in this trade, 28? 28's not that much. what's the risk reward on something like this? >> i think it's not bad. you probably have a dol

. >> on balance, people like halliburton made gas sillons of money. >> america on balance lost and that's -- >> let me ask you this, at the end of the cold war, all of eastern europe is free, russia no longer has a communist government. are all those countries better off or worse off because we won the scocold war? >> i don't think we won the cold war. i these you're dreaming about that. i think that this notion that somehow we go out and spend a trillion dollars a year on military budgets, have 150 military cases circling the globe, those are not for benevolent purposes. >> so bill ayers came to us to talk about america, but he knew -- his group's plan to protest the vietnam war, racism and what they called american imperi imperialism. if you missed that part of our interview which we aired earlier this week, here are the most critical parts which we will debate in a minute. >> how many bombings are you responsibility for. personally? >> me personally, i have never talked about it and never will. >> you in your group were calling for more violence. what we saw in february of 1977, san fr

or, halliburton. at what stage in litigation can a defendant in a stock fraud class action try to show that the alleged fraud had no affect on market prices? how much time do you need to spend on immersing yourself in the details of cases like that? how much room do your get from your editors to report the details of cases like that that may be of great interest to a small audience? >> those two cases had very different answers. the halliburton case was a real case that i think most of us wrote substantial stories about. it had the potential to do away with securities for class actions. >> it is a balancing act. during oral arguments, you don't know in which order the decisions will come down. i'm the sole washington reporter for all my papers, i am only one person. i covered oral arguments. it was an issue for lawyers that could be of interest. it came down in a flurry of other much more impactful cases. i ended up not writing a story about the decision. some of the publications may have run ap copy.

>> on balance, the people in halliburton made gazillions of money. >> that is not responsive. on balance lost and that's -- >> let me ask you this, at the end of the cold war, all of eastern europe is free. russia no longer has a communist government. are all those countries better off or worse off because we won the cold war? >> i don't think we won the cold war. i think you're dreaming about that. >> was it a good thing? >> well, i think the end of the authoritarian government is always a good thing. but i also think that this notion that somehow we go out in our benevolent and spend a trillion dollars a year on military budget and have 150 million bases circling the globe, those are not for benevolent purposes. those are for imperial purposes. >> we'll have more after the break. thank you both for being part of the debate. our final thoughts on america and her future next. (vo) after 50 years of designing cars for crash survival, subaru has developed our most revolutionary feature yet. a car that can see trouble... ...and stop itself to avoid it. when the insurance institut

>> there's the old theory about halliburton and various theories about it.t's never made sense to me. i think mike probably close to it. >> is it oil patch stuff? think it's oil patch? >> yeah, maybe, but i think they thought they were going it reshape the middle east. you know, this is what president bush talked about often and cheney and condi rice. they talked about how this was going to reshape -- i think you have to never underestimate is their utter incompetence. they don't know what they're talking about most of the time. this has been proved again and begun and again. they had no idea what would happen in terms of sectarian divisions in iraq because they didn't know anything about them in the time. >> you know what i think exposed their head, showed their hand, political ideological hand here, first of all when we found out there was no wmd, no nuclear weapons, they didn't change course for a minute, didn't say, oh, wait, we blew it. they wanted to de-ba'athisize and make sure the ba'athist party they didn't like was out of office. they thought it wa

halliburton. can a defendant in a stock fraud class action try to show that the alleged fraud had no affect on market prices? how much time do you need to yourself inersing the details of cases like that? how much room do your get from your editors to report the details of cases like that that may be of great interest to a small audience? >> those two cases had very different answers. the halliburton case was a real case that i think most of us wrote substantial stories about. awayd the potential to do with securities for class actions. >> it is a balancing act. during oral arguments, you don't know in which order the decisions will come down. washington reporter for all my papers, i am only one person. i covered oral arguments. it was an issue for lawyers that could be of interest. it came down in a flurry of other much more impactful cases. i ended up not writing a story about the decision. some of the publications may have run ap copy. i tried during the course of the year to pace so that the d

csx, abbott labs, and halliburton. how certain consumer stocksing like cha po cha potete li might raising. and here now with the changes making in her own client poor follow oes, good to see you. >> good to see you, too. >> so, i don't know. inflation is somewhat benign. it's tame. beta today confirmed that. how are we constructing portfolios base and what the inflation expect aces are? >> i think inflation is trending from very low levels and at a gradual pace. i call it good inflation now. we saw that in the richmond fed today as well. the regional sentiments showing business is more confidence. getting growth alongside inflation. that's a good environment for equities broadly. we want to stay overweight stocks in our clients' portfolios but taking a first incremental step and did it about two months ago actually. just to start acknowledging that the inflation trend has turned. it was coming down. we had disinflation, now rising inflation and further along in the economic cycle. it's normal at this point in the cycle

. >> they think they have the tokenology they need, u.s., the halliburton is not there, they can getey need? >> i think they need technology and insight. it's a big running machine. the sanctions are targeted at oil. not at gas. actually, the tech following is sort of the same in the two. >> iraq, you are fine there. you have been the most aggressive company. so far so good despite isis, water going on there? >> you have to think of the map of iraq. it is shaped as a funnel way down in the south, in the desert. unpopulated areas, we run the second largest field in the world, 1.4 million barrels a day. >> a lot of people want to be ceos, are you willing to go all the places you do business? >> doi go all the places i do business. i go to iraq, i go to baghdad, i go to ramala. >> not scared? >> i lived in moscow nine years. i go to an go la, azerbaijan. >> last question, the last time after our city, we went to the gulf. a lot of people feel the gulf is played out. you keep spending there. >> that's right. yes. >> why? >> well, when i saw you a year ago, our production was around 150,0

look at this poll showing the unfavor halliburton opinion jumping 23 points just from february. now to 78%. today cnn has all the angles covered on the downing of flight 17. ivan watson is in donetsk which is still a war zone we should viewers. it seems there's been some positive progress today, a little more access to the site and also this is promise from the pro-russian rebels to hand the black boxes over. do we know they have followed through on that promise? >> we still don't have confirmation that's actually happened and the thing is that the malaysian prime minister who announced this agreement on the handing over of bodies on the handing over of black boxes, on providing access to the crash zone for an international team of investigators, he announced that the happenedover should happen at 9:00 p.m. local time. looking at my watch, it's 11:00 p.m. now. that hasn't quite taken place yet. we have teams waiting at the headquarters of the so-called separatist government here, waiting for that handover to take place. it hasn't happened yet. a surprising element here is that a