and i'm tim probert from halliburton. we're back! an early plan was called the top hat. that's where we tried to cover the leak with a large containment tank. this plan did not work. then we tried something involving a giant tube. this plan was dear to my heart because it was a suggestion of my five-year-old daughter. it was a total failure. we've also announced a new plan called the junk shot. that's where we shoot a pile of garbage at the leak and try to plug it up. now, that one hasn't failed yet, but we're confident it will. those are the only plans we've announced so far, but, tonight, we've come together to assure you we have many other ideas-- ideas formulated by our top scientists, using state-of-the-art technology. the first plan is called dolphins with mops. ( clears throat ) that's where we round up a bunch of dolphins and scotch-tape mops to their fins. it may not work, but, rest-assured, halliburton will make a profit. our next plan is called the schweppes offensive. that's where we fight the oil spill head-on with a bun

, weston wilson, acting under protected whistle-blower status. - the former chairman and ceo of halliburtoneney, wiin a fewonths ofoming into oice as ve present, was preuring thadministtor of e, christieodd-whitma to empt hydrlic fracng fromhe safe inking wat acregulati. from my n point view a technian, i ju thoughtt very arming at epaechnical hadescribe ow toxichese matials are toxiat the pnt of jection, d still me out with summary th says ey don't need toe report or reguted. thated me, inhe fall o'04 to object on technical grounds. then the inspector general of epa began an investigation of my complaints. d severamonths io that, congressook the port om epa ying thafracking did nopresent risk, along with oer infortion, and expted hydulic fraing om regulion unr the safe driing water act. that leaves you and i as the american public in this position: we cannot know what the industry injects our lan is exem om beingeported. - there e federal ws that ptect our eironment like t clean a act, e clean ter act, the sa drinkinwater ac anit turnsut that e oil and gaindustrys exempt fr very portanprov

oil companies, conoco phillips, made a big cut this month as well as the equipment companies like halliburton continue to cut jobs as they react to the real amount of business that they have got to handle. >> reporte despite the setbacks, leading economists still see a labor market healthy enough to support economic growth for the rest of the year without the volatility of the last two months. there was june's blockbuster growth of 287,000 jobs, following a near wipeout in may when employers added just 11,000 workers to payroll. the consensus forecast called for payrolls to increase by 179,000 jobs with the unemployment rate falling to 4.8%. >> this would be a second strong jobs report following the weak reading in may, and we think it would give the federal reserve comfort about the state of labor markets and its outlook on the u.s. economy. >> reporter: monetary policy-makers will have tomorrow's july report plus another one for august before their next policy meeting in mid-september. that data will help determine if the fed raises rates or changes course. for "nightly business report," i'

halliburton is down. burstq worsts out -- iraq s out. julie had a chart today, and it shows what i think is incredible --volatility in the oil patch. another bear market and another bull market in less than a month. massive volatility in that sector. do often use other people's charts. and we are standing on the shoulders of giants. david: matt miller there at the markets desk. let's check the headlines at the bloomberg first word news. mark: senator mark kirk says he will hold a hearing in september on the obama administration's delivery of $400 million in cash to iran. republicans have criticized the administration since it admitted we tame and of the money from a 1970's iranian account was connected to the prisoner exchange. secretary of state colin powell is pushing back against hillary clinton's assertion that he suggested she use a private nmail account for on-classified information. germany, france and italy met at see today to discuss economic growth and the threat of terrorism. aland --kel, francois kel francois picard merka, fr

>> you got halliburton, baker hughes.f the antitrust guys are on top of market changes. you can stop a deal like this. remember hollywood video and guess what book both of those cases with netflix. the markets can tell you which mergers will work and how you can find the best prices. i'm not sure if we want our tax dollars going towards justice department official.mergers in the open marketplace. connell: good on the hollywood video. rent a good movie this week. the countdown is on. neil is coming back. the reaction from all of you, the hash tag for bhutto returned disappointed. some more comments about neil's big return. "cavuto: coast-to-coast" will be right back. ♪ : . connell: and, well, soon he'll be back. neil's returning next week, and you've been responding to this. we told you about september 6 being his return date. a few of your responses coming in on our favorite social media platforms. that maybe someone who works here. hashtag is cavuto returns. trending all over the place. the countdown continues until the

this is whether you're democrats or republicans, people play into the white house and we thought halliburton had no missed contracts in the iraq war. >> and before we go and penalize the global fund, let's talk about the good things they've done, right? >> that is not a dispute. >> that is a dodge, richard. >> we're not talking about whether the clinton foundation did good things. hillary clinton used it to get donations to it which is not allowed. >> hillary clinton wasted no time on n.converting the state department into a full pledged partner of the clinton foundation. >> what is the proof? >> a tape placed after her confirmation. they said look. the irs wants detailed information of our off shore accounts. can you help us with that? she gets that cut out. what happens right after she takes care of that problem? that uvs donates 10 times as much money to the clinton foundation and suddenly, bill clint ongets a lucrative contract to do question and answer sessions with ubs executives. >> richard that happened. >> but -- >> the couple problems, in this analysis, hillary clinton has no power

and i remember the left was so outraged when halliburton was getting contracts after cheney was ceo and. she literally is still in charge of the foundation and taking a lot of money. i just can't believe that people are paying money to sit next to joe biden. that shocks me. >> aw! he's very nice. >> very handsy. maybe that's what they're paying for. >> oh. >> you know, it's joe. it's only joe. he means nothing. >> how do we move on after that? president obama's former campaign manager is playing doctor along with politics. he gave donald trump a diagnosis yesterday. oh, boy, we've got thoughts about that one coming up next. she spent summer binge-watching. soon, she'll be binge-studying. get back to great. this week 50% off all backpacks. office depot officemax. gear up for school. gear up for great. this car is traveling over 200 miles per hour. to win, every millisecond matters. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, dan

one of which you're familiar with, the halliburton loophole which exempted the oil and gas industry from the drinking water act. and today we now have 20 giant utilities that operate in this country and provide more than 50% of power. they use the all of the above strategy and they are encouraging fracking and really a party to it. and the other thing that changed in the energy policy act of 2005 dish didn't have the name quite right before -- is that it gave the federal energy regulatory commission that was created under the carter administration, new and big powers. it put ferc in charge of the environment, in charge of an important environmental law in term's building new things. the policy act that requires an environmental impact assessment study be done to look at the environmental impact. so this agency that has almost never seen an oil and gas or electricity project that it doesn't love, now is in charge of doing the environmental assessment. and it also gave it the power of eminent domain. superseding what states and localities can do, and giving it the ability to condemn land f

halliburton fell apart. they have to go back to square one, figure what they want to be.00 million cost cut plan this year. they have margin upside. possible leverage to the balance sheet and $4 potentially in earnings power over the coming year. i like this one along with schlumberger. >> make you pivot, go retail. retail earnings coming up as well. tjx, home depot. thoughts on both stocks if you wouldn't mind? >> yeah. you know i've been positive on t.j. a lot. a secular winner in the off price store format. i'm concerned in the medium term is that you've seen a lot of these department stores most recently with leaner inventories. t.j. and ross thrive on bloated inventory levels. the stock is a champ. i own it. thinking if they have a good quarter i might trim it. actually been buying target. i think you guys know that. i just started getting interested way 3.5% dividend yield and because the stock lagged walmart 16% year to date and like the restructuring story. may be an ugly quarter this week but i'm looking to buy more at that $70 level. i prefer lowes over home dep

keep in mind, halliburton deal didn't work out.hey needed that. >> hershey on pace for its worst day in 14 years. >> just do not -- one of those names, scott, back to june 9th. 10,000 of the july 100 calls were bought. from 75 cents to $17 in value. so gives you an idea. jon and i talking about it earlier and other trades for today. this one absolutely magnificent. people were looking for the name, thought somebody was out there. there was. mondalez, nobody knew the answer, hershey would say, see ya later. >> a slow start, things may be about to change in the ipo market. talking about the names that could be set to jump into the market, next. and hunting for yield. we break down an investment that's yielding almost 6%, but some say it brings up haunting memories of the housing collapse. "halftime report" back in two minutes. everyone said it's so hard to be a musician, but i can't imagine doing anything else. now that the train makes it easier to get here, the neighborhood is really changing. i'm always hopping on the train, runnin

we have halliburton saying will raise prices. who is right?o understand. it is the food chain. companies will do what the industry will do. the power of the purse. who is getting contracts? service companies are on the receiving end of what oil companies dish out. i would be more biased to the oil-producing companies, because these are the ones who will control the tempo and keep spending going forward. fully -- the impact of cost saving. it is huge. people do not realize that the oil industry today can break even at $40 or $50. it was at $70 a few years ago. efficiency will continue to bring down that break even point. they are putting where they're -- they are putting their money where their mouth is. alix: so big oil has three upper hand. fadel gheit, oppenheimer senior energy study just to thank you. jonathan: breaking news. the u.k. is set to see brexit triggered by april, 2017. this is the so-called article 50. prime minister may did not want to trigger it before french and german elections. the french elections spring of next year and g

we saw halliburton had no bid contracts during the iraq war. this is the same old washington politics which is where i agree with donna brazile. if we want to end that we -- >> they do. the american people do want to end that. >> but before we go and penalize the clinton foundation for what they've been able to do let's talk about all the good things they've done. >> oh come on. that's not in dispute. i'm conceding that point for the purposes of this discussion. that's a dodge, richard. that's a dodge. >> no but -- >> we're not talking about whether the clinton foundation did good things. good. good for them. we need charitable organizations. the question is whether hillary clinton and bill clinton used it used her possession at the state -- >> they did not. >> to give donations to it which is not allowed. go ahead, david. >> megyn, it's clear that upon being confirmed as secretary of state, hillary clinton wasted no time in converting the state department into a full-fledged business partner of the clinton foundation. are you kidding me? there

the big insurance deals, we saw the halliburton deal get blocked. fromw pfizer walk away their deal with allegan. i think everyone is slowing down a lot of ways. we are not going to get to 2015 doubles. it's not just regulators. you have protesters lineup against this deal. ruffalo isare not going to getk protesting this. he has been tweeting out to say to shut down this merger. does this have any impact on regulators? jeff: i don't think it does. matt: he's a qualified actor. scarlet: it gets people looking. jeff: if a bunch of senators or congressmen who were opposed to the deal, if they wrote letters and pressed regulators, that's when there's interest. i don't think he is going to impact what the regulators are doing. scarlet: jeff mccracken is our editor. matt: he is a great actor. i can editorialize in that. spotlight was great. i have not seen the hulk. scarlet: that's normally targeted to 10-year-old boys. matt: i am kind of a 10-year-old boy. new home sales rise to the highest level since 2007. 12% was the gain in july. scarlet: we will spe

halliburton down the most, 3.7%.on, retailers also giving up gains, after what happened last week with profits. now we are seeing some profit taking. kohl's down 2.6%. scarlet: thank you. let's check in on the first word news this afternoon with mark crumpton. the state department says it is reviewing nearly 15,000 previously undisclosed e-mails recovered from hillary clinton private home server. the first batch should be released in october. that raises the prospect that they could become public just before the november presidential election. campaign may be wavering on whether he will call for deporting 11 million immigrants who were in the united states illegally. the washington post says that trump made it clear to a panel of spanish advisors that his position is not final. his came manager says that his stance was "to be determined." turkish president recep erdogan is complaining about the election dining of an islamic cleric. the president says the u.s. position on the individual is overshadowing the country st

so they could fight for halliburton to go over there?tep back from the emotional stuff and look at the overview. we have people coming back from iraq, my father was a vietnam veteran, he was on disability. he passed away. veterans are coming back that are injured. they need to be taken care of. they need the best hospital care that they can get. they have families. some of them are homeless. the federal government is not taking care of what they're supposed to take care of. host: let's take that up. guest: when i was at the republican convention, i spoke to someone who was actually imprisoned with john mccain who is supporting donald trump. we were talking this time last year about his comments last year about pows. he told me that he hated those comments, he did not like what mr. trump said, but this election is about more than some momentary gaffe. he said he liked donald trump's veterans land and national security plan more. pointd he hoped at some donald trump would apologize for those comments. i think that is where we are with the

points affecting some of the big names out there, drillers like transocean, service companies like halliburtonon companies like pioneer. and the big guys, but notice exxon one of the only big companies not to the downside, often happens that way. exxon doesn't even muf necessarily in relation to oil. sectors, bit of a reversal of the trend we've been seeing, defensive names like utilities and health care doing a bit better. and technology names generally to the downside, consumer staples another defensive name also fractionally to the upside. focus on the longer term trends. we've seen rotation going on. you've seen this for the quarter, tech dominant. banks started strong, moved sideways and now recently getting better. materials and industrials. these are all cyclical plays. at the same time of course we've been seeing those defensive names. your telecom, consumer staples, utilities moving to the downside. that's been the trend so far for the second quarter. today's action notwithstanding. tyler, back to you. >> bob, thank you very much. crude's march to 50 seems to be stalling. analysts say

be inclined to let that deal go through and a lot of these companies seem to be oblivious, hence halliburtonhughes, they got advice that was so wrong. >> have been a number of times when the advice given to companies that have been trying to do a deal was completely and totally when it came to the anti-trust environment and that is a huge, huge toll they pay as a result of the distraction that takes place at both companies for upwards of year if not two years sometimes in some of these cases where they're trying get their deal done only to fail at the end. >> look at wall green/rite aid. walgreens is a winner in this either way because rite aid management turmoil must be something because, you know, this deal has been going on forever. >> why if you are in a deal where there is anti-trust risk you want to negotiate a large break fee to compensate you for that very po point. think t-mobile and at&t what they were able to get from at&t relatively quickly by the way because that deal died fast. >> right. >> some of these deals drag on for a long time before you know they are dead or challenged

baker hughes, halliburton. >> all the hmo deals.figured very prominently of course in the m&a landscape that is the regulatory review. >> radical -- >> not just here but china and other places and the eu. it is a big gating factor to doing a large deal. >> i think that's important but they should really rethink -- it's too late now with ball corp. you saw a remarkable quarter coming and few when that consolidation occurred they would be able to put the screws to everybody, their suppliers, to their customers. just wrong. that's my soap box for the day, what i care about is ridiculous. the anti-trust and the canvas. >> what will y care about tonight on mad. >> phil again. >> again? >> and i have buck. i have a second -- tonight the soul search night. >> okay. i was trying to -- >> got it. >> part two of phil night. and deckcom which has a remarkable machine for diabetics, hopefully the fda will see that you can start paying -- let medicare pay for the dexcom machine that will make it so you don't have to pick your finger anymore. >>

say halliburton literally called the bottom in the last quarter saying they would raise their prices.nge the cost curve? schlumbergern and are not the only ones. there are so many components to the service cost curve. where youmany folks can still put pressure on them. be bankruptcies in services? i think that's the next shoe to drop. there is $20 billion of debt coming due in 2018 for service providers so there needs to be some movement. they have nothing to lose so they might want to keep their pricing as low as they can. that is keeping the cost down. so the oil services potential bankruptcy, when do we see that for e&? felt pressure at 26 and we thought it's over. again, putting backup up rigs and longing the problem. -- and prolonging the problem. this could put the brakes on the capital markets. you see what's happening with global production and the saudi's and the libyans coming back on. gasoline. building we are not through this yet. the way to get through it is another price signal. alix: how much more do you see on the downside? academick we will goad to the mid 30's and we

halliburton and schlumberger have cut back operations in the country. the other things with venezuela, the military is now seizing guns. it crushed 2000 guns in the town square of caracas and it's forcing the registry of bullets and the military is full bore in venezuela controlling everything. stuart: what a story, all right, liz, thanks very much. you own at that story. and look at mcdonald's, they're removing the fitness trackers from happy meals, reports of rashes for young children. okay, those fitness trackers are gone and the stock is holding at 117. we're out of time for this particular section. didn't that go fast? >> very quick. stuart: what's going on? >> a lot of news. stuart: a lot of news, that's right. larry, john, thank you very much indeed. we appreciate you being with us. good stuff. to the big board, now we're down six points. i'm going to say it again, it's a flat opening. hillary clinton meeting with top police officials in new york city. remember donald trump declared himself the law and order candidate this week. is hillary clinto

weatherford and halliburton had to give. of production to bring their breakeven cost down. at a macro level, we have seen central banks around the world squeezing investors into credit. other parts of the food chain that provide other services. alix: i feel like we can talk about this for years but thanks for your perspective. coming up, we will reveal a key measure them as investors concerned about a possible u.s. recession next. this is bloomberg. ♪ ."vid: this is "bloomberg now we have the battle of the charts. alix: i wanted to look at consumer sentiment. consumer spending has been holding up the recovery. uber julie: wait. j here we go. david: she doesn't remember which charge he was doing. consumer spending and consumption help support gdp aside from the fixed asset investment moving lower. i wanted to look at what the future might bring. this compares consumer sentiment . might as consumer expectations it's how you feel in the future. when it moves higher, you feel theer now than you do in future and currently, i

so they could fight for halliburton to go over there? step back from the emotional stuff and look at the overview. we have people coming back from iraq, my father was a vietnam veteran, he was on disability. he passed away. veterans are coming back that are injured. they need to be taken care of. they need the best hospital care that they can get. they have families. some of them are homeless. the federal government is not taking care of what they're supposed to take care of. host: let's take that up. guest: when i was at the republican convention, i spoke to someone who was actually imprisoned with john mccain who is supporting donald trump. we were talking this time last year about his comments last year about pows. he told me that he hated those comments, he did not like what mr. trump said, but this election is about more than some momentary gaffe. he said he liked donald trump's veterans land and national security plan more. pointd he hoped at some donald trump would apologize for those comments. i think that is where we are with th

oil companies, conoco phillips made a big cut this month as well as the equipment companies like halliburtonnue to cut jobs as they react to the real amount of business they've got to handle. >> yeah. 17,000 jobs total lost in texas. not all of those of course energy. that'd be all the energy jobs. quickly, i was not as surprised by oil and gas. i was surprised by the number of jobs lost in what you guys factor as computer. what does that mean and who's losing their jobs here? >> we saw 49,000 cuts in computers for the year. almost 10,000 in the month of june. there was a big cut by microsoft as they continued to realign after the nokia deal. that's been an ongoing story. so the cuts were there. but computer is a volatile industry. so just there are always winners and losers so you see heavy cuts in that industry periodically in certain months when things happen. >> all right, john challenger. a pleasure. i guess even though it was 45,000 jobs lost. thank you for coming on. >> thank you. >>> we're going to talk politics this morning. the trump campaign having a rough week with reports that s