that said, i would like to add to our position with halliburton, but i am cautious for a couple of o. one, halliburton having to pay baker hughes $3.5 billion if the deal doesn't close. >> right. >> caller: and second, has halliburton already divested over $5 billion in good asset, trying to satisfy the anti-trust issues. my feeling is hold, but good companies in adverse markets can be great. >> i think it's an attractive opportunity, but it's frankly reason the why my charitable trust has been buying schlumberger, including today. i think you take advantage of the hobbled situation that's going on between the two of them. i don't want to worry about the u.s. government, i want to worry about earnings and schlumberger has them. haters gonna hate. there will always be critics against the fed, but today i found the fed measured and thoughtful. on "mad money" tonight, united continental ceo recently returned to the helm of the company after receiving a heart attack and a heart transplant. how was he welcomed back in the activist battle? i'll tell you if a boardroom fight is just getting

or my piece about cheney and halliburton. those really were histories, actually, and i ended up -- because i remember -- now, of course i'm constructing them from interviews. >> right. >> as opposed to dusty old documents. >> but nonetheless, deep research, right? >> i saw a vision -- yeah, deep research. and i saw this idea that you could kind of tell a story by putting together events that happened a long time ago. and really that was what it was. i mean, i just thought, one, i can do this. and, two, you know, i mean i happened to -- i just happened to pick up that t.r. fehrenbach book one day or the walter prescott webb book one day and went, oh. i can do that. >> well, let's be -- actually we've gotten 20 minutes or so in and we haven't said the names of these books. so "empire of the summer moon" is the great book about quanah parker and the comanches and "rebel yell" is the great book about stonewall jackson. and they are two great books that, hopefully, because of their success, allow you to choose another subject you'

. >> is the halliburton baker hughes deal going to happen?> if the deal does happen we're going to do really well. we'll get a 25% spread. if the deal doesn't happen, i think people may have lost track of what happens to bakers balance sheet when the cash comes in from the break upfee. and we think that the products in the technology are best in class. so we kind of feel we're sitting close to asset value, which gives us a pristine balance sheet with levers at the bottom. we think it's -- we're actually pretty excited about -- the other side of oil is interesting, people say it's going to maybe go to 55 and hang out there. no way. with the disinvestment we've seen, it will go -- it will between now and 2019 it could -- the marginal barrel could easily push it to 100 again. >> really? >> that's that much disinvestment, right? everybody has been fire or let go. the ability to bring these barrels on quickly will be very difficult. >> what would you say to people who have this view of the market and add barrels in a second to meet the higher pric

to government officials to broker contracts for some of the world's largest companies, including halliburtonnd kbr. the exposÉ also shows how honeywell colluded to conceal bribes in iraq contracts. arizona, five people were arrested during a protest outside the era gonad governor -- arizona governor's office. themselvesers locked together to block the entrance to his office. this is protester maria castro. >> whatever it takes for the community. it is important for us to make our voice heard. they do not care about our votes, about democracy, this is the only way for us to be heard. amy: capitol police also ,rrested cap -- carlos garcia although he was not part of the lockdown and was off to the side doing media interviews. the president of harvard university has announced she will install a plaque to commemorate four enslaved people who lived and worked at the one-time home of harvard presidents. in an article, she wrote that slavery is an aspect of harvard's past that has rarely been a knowledge sure invoked, but harvard was directly complicit from the college's earliest days. those are so

halliburton. citigroup saying this is the most misunderstood of the oil service companies.nvestors are shying away because of deal risk associated with its acquisition of baker hughes and market recovery uncertainty. that scott gruber says the deal risk appears minimal and that the stock could rise 50% during a market recovery. alix: 50%. come on oil. -- presidentow at dilma rousseff defending herself in a speech right now saying in without a crime is a coup and she laments the climate of intolerance in brazil. she does say she respects the rights of brazilian people as well as democracy that says the brazilian presidents have to be chosen in elections and it is bad faith to say all in impeachment is correct. would unleashhat a flood of oil into the market in the next six months? we have the answer after the break. ♪ alix: and looks like a nice day in new york but i think it is a little cold out. when oil what happens prices rally one of the biggest problems in the market is the inventory. you have an overwhelming glut of crude in the form of stockpiles. energy information

halliburton up 2.2%. 50% upside potential. fox news, see if there are 5:00 a.m. donald trump taken back his pledge to support the gop nominee but he wasn't the only one. kasich was the last one to withdraw his support. charlie gasparino. >> i'm not going to support anybody. i've been treated unfairly. go back to univision. charles: the bottom line after going through all this, the fact they put so much pressure on donald trump to sign the pledge in the first place. >> he's got a really good case. charles: think about this. the gop goes after him not thinking he will win by thinking he could be something of a spoiler. >> according to his old ex-campaign the same thing. charles: that's a different topic. he signs the pledge under pressure and i've got the establishment and a whole lot of other people plotting to go against him. >> let's rewind the video tape and look what happened in between. we've gone to rallies that turned into riots. we got to playing ftse with david duke. he didn't say when the person said are you going to accept his endorsement. the night bef

. >> halliburton, the eu stopping the merger there. >> i think the eu has their own issues, they shouldtay focused on their issues. >> and twc could be compelling once the regulators -- >> stock has been amazing. i think that it is -- there is so much excitement on a day where ihs merges with market, everybody wins. there's a lot of everybody wins stuff. how about a city call to, to break up city. i think mike corbett is doing an excellent job. there's a call to break up citi. that would be monumental. i think that citi is doing better than people realize. >> there's the opening bell. the s&p at the bottom of the screen. at the big board, tmc bonds, highlighting new regulations on fixed income execution. at the nasdaq, pra group, an acquirer and collector of non-performing loans. >> when oil was going down, they look like they would have their fill. oil is not out of the woods. $45 is the price you need to see for companies to be able to continue to drill and drill and have the cash flow. many companies have refinanced and done equity deals. >> cover of business week is jack dorsey on t

you have large multinationals like shell and halliburton that avoid doing business with these large state-ownedh risky weak product. >> it's been this way for a while, for now, anyway, the government there seems to be able to move the pieces around okay. you hear this 5 or 6 million layoffs going to cost the central government a lot of money. isn't that them easing their way out of unproductive industrial areas northeast of the country and massaging this evolution of the economy? who knows when it runs out, i guess is the question. >> i agree. they have to do this. if you look at capacity in the steel sector, they have double the amount of capacity than the entire capacities of the four next countries, including the united states and japan. so steel market, coal, these markets have been completely distorted and they've got to cut capacity back. they are also investing about $1.4 billion in worker retraining which is a good idea. but ultimately, from where i'm sitting and trying to make stuff in china and sell stuff in china. the fundamental weaknesses go deeper than overcapacity. if you look at

we have to be careful as to what they are going to buy because probably halliburton or baker hughes,hey are inquisitive. it will be interesting to see how it plays out. i think with the names you mentioned, it's also the dollar. the dollar is coming down and that will be helpful in terms of guidance in second half of the year. >> one thing to mention too, s&p cutting china's credit rating to negative that was the source of the tornado that took the market down in the first quarter, is there a risk that comes back to the floor here? >> i do think -- china has led the market completely from start to finish. if you doubt china, you're going to doubt the overall market, when we think it's quasistable, they rush in and buy the s&p. >> they are happy to spend up for the u.s. companies, bolstering the share prices there. canadian prime minister in washington today for the nuclear security summit. he's also talking trade and futd you're of u.s./canada relations with our susan li. >> trade has been a contentious issue in this election cycle. what does that mean for the u.s.'s largest trade pa