where things got uncomfortable was when halliburton was awarded single source non bid contract for rebuildingraq. i think that was a bad decision in terms of optics, and it is pretty hard to escape -- there is a true conflict if you are the former chairman, and there is a non-bid contract awarded. that was a conflict. in terms of the carlyle group, i have never believed there is any conflict in any relationship related to that. host: here is a picture as part of the piece in "newsweek," a billboard featuring donald trump for a luxury residential apartment in india. it says, he is trying to lower -- lure in buyers by using the donald trump name, how does he use his name around the world? he calls himself a developer but the piece says how he uses his name to generate lots of income. guest: one of the things that people do not get is that donald trump is no longer who they thought he was. he started as a developer. he became a casino operator. he became an airline owner. the casinos went bust, and the airline went bust and had to be sold off and it was not making a dime. the developments, he ha

halliburton, slumberge. they react poor compared to the sector overall.his is when people make two-year decisions. drilling wells. it's another tell. here's the xle. this is the thing you could trade. i think it is starting to go and break the line. i'm going to make the bet that we are going lower, lower, lower. i want to sell energy, and i want to do xle. all right. chart master says three lowers, and the volatility really, you saw it today. there was that one headline that jack was talking about. we saw that intraday turn if wti. we as you the intraday turn. it's almost like getting headlines from fed members about raising rates. >> the energy stock has more -- about headwinds. take a look at exxon, which is the biggest constituent stock of xle, and you no you have state's attorney generals going after them and whether or not they were hiding issue-related -- then you have them going after the reserves. then you have the s.e.c. jumping in, and then you have massive negative cash flow trying to support a dividend. if is it does, people in the stocks for

exxon, halliburton, apache. then the performance relative to the s&p. so this is the classic case, one could say i bought this and i did well, even though it gave back i'm still up. it's a disaster of a pick, it's almost a job losing pick, meaning this is the relative performance. if one had chosen energy versus the market, you've underperformed the entire ball. this is since the lows in '08-'09. with that, i want to just put the numbers in perspective. if you were to get involved from 2009 to present, this is the definition of no alpha. compared to this. okay. so we know that we have this massive underperformance. even though it's up. and let me see if i can pull you over to the here and now as it relates to the drillers. we've got a five-year chart. this is the market. you've got energy, the orange, underperforming. green, which is a subset of the orange line, this is drillers. so even as the energy sector drifted higher, drillers have actually been relatively poor to the sector, which is relatively poor to the market. that's a problem. so here's anot

baker hughes, halliburton, schlumberger. look how they act, poor to the sector overall.t's where the future is, where people make 18-month decisions or two-year decisions. drilling wells. that's another tell. so here is the xle. this is the thing you can trade. i think it's starting to go -- break the line. i'm going to make the bet we're going lower, lower, lower. i want to sell energy and i want to do xle as the vehicle. >> all right. so chart master says three lowers. >> yeah. >> and the volatility really -- you saw it today. there was that one headline that jackie was talking about. we saw that intraday turn in wti and the intraday turn in energy stocks. it's almost like getting headlines from fed members. >> yeah, well -- the energy stocks really have more actually to headwinds really than just the supply/demand imbalance. take a look at exxon, the biggest constituency stock of xle and attorney generals, and had them going after the value of their reserves and then the s.e.c. jumping in. and the fact they have massive negative cash flow trying to support a dividend

halliburton baker hughes are struggling. face an antiquated notion on brick-and-mortar stores, but the idea that they are not even looking at the global picture when it comes to these things. i've got it through in there. a guy named warren buffett involved. he's a big investor with a bazillion folks who made all these acquisitions in the first place. i kind of think that weight on this as well. warren zubov. we have to like it. in wells fargo, too. >> i haven't seen anything from this administration wells fargo. the result controls 46% of a mark at and what this administration has said they did make sense of sessions on craft. i said give me a break. neil: we are not coming in the united states. thank you very much. he does make you think. didn't really have much to offer, but he does make you think. we are still following the spirit of running development overwhelmingly overrides the president of the united states 97-one. the only no vote on this 9/11 measure. also similarly overriding to become law despite what the presid

he insists he's innocent of the 2014 killing of 59-year-old jill halliburton sue. he sent this letter to the judge. i want to apologize for escaping from your courtroom. i hope you don't take it he was captured six days late after a statewide man hunt. >> they were relentless. they were nonstop. >> reporter: in a jailhouse letter, he says he wanted to gather information in his case. i just wanted time to prove my innocence. i felt i was at a dead end with nowhere to turn to. i tried the appeal to everyone to prove to them that i was innocent. but my voice went unheard. also t was looking for evidence to prove his innocence. his lawyer's filed a motion for the judge to be remoouchd why? because he witnessed resails escape. >> a bold move. a move that didn't work. >>> let's send things to rob for another look at the weather. hi, rob. >> hi, paula. this is mount rain net. rainier. the lenticular clouds. these are confused with ufos. the stable atmosphere. the mound tan, a 14,000-foot mountain forces the air up and causes a pancake-like cloud there. we have alerts. bre

opinionious about your on the conflicts that arose from the bush administration with regards to halliburton the carlyle group. and what conflicts we might have endured if let's say bernie sanders was the democratic nominee. thank you. conflicts ining the bush administration, i was doe early on non-uncomfortable with the fact that dick cheney had been chairman of halliburton . he resigned and that was that. where things got a comfortable was when halliburton was awarded single source nondata contract bid contract for rebuilding iraq. i think that was a bad decision in terms of optics and it is pretty hard to escape -- there are true conflict if you the former chairman and there is a non-bid contract awarded. that was a conflict. in terms of the carlyle group, i have never believe there is any conflict in any relationship related to that. host: here is a picture as part of the piece in newsweek, a billboard featuring donald trump for a luxury residential apartment in india. it says, he is trying to lower trump by using the donald name, how does he use his name around the world? he calls himse

the 21-year-old insists he is innocent of the 2014 killing of 59-year-old jill halliburton su. and in a new twist, he sent this neatly written letter to the judge. "i want to apologize for escaping from your courtroom. i hope you don't take it personal." police say resiles was hiding out in a local motel after he escaped. he was captured six days later >> our members of the broward sheriff's office were relentless. they were nonstop. >> reporter: in the jailhouse letter, resiles said he wanted to gather information in his case. "i just wanted time to prove my innocence. i felt i was at a dead end with nowhere to turn to. i tried to appeal to everyone to prove to them i was innocent, but my voice went unheard." and also in that letter resile said he was looking for evidence to prove his innocence. he didn't sa that evidence. he asked that the judge treat him fairly. but his lawyers filed a motion for the judge to be removed. why? because he witnessed resiles escape. he turned that motion down. >> makes a lot of sense, though. thank you, ron. it was a bold move, a move that didn'

. >> at cnbc we spend so much time talking about bp, transocean, halliburton, this movie, is it intentional it's about the heroic efforts of those 11 people? >> yes. more than -- if you just look at the facts of the case, it's pretty obvious that bp made some mistakes. the executives, company men on that rig cut corners. they were over budget, behind schedule, and there was pressure to move on. that pressure had a lot to do with the blowout. so that's something that we didn't ignore or shy away from in terms of presenting what we believe to be appropriate responsibility, corporate responsibility for that tragedy. but that was never meant to be the focus of the movie. we didn't wake up and say let's make a movie that attacks big business. let's make an incredible -- we said let's make a powerful story about a group of men who got into a really rough situation and then had to try to fight their way out of it. that was the thesis behind what we were trying to do. >>> want to breing you breaking news on deutsche bank. some flashes coming through saying the german government and financial author

in the four elections, dick cheney was still answering questions about his ongoing ties with halliburton nearly $2 million in earnings during his time in the white house. we have rich nominees before, but never anybody like donald trump, with a sprawling, ongoing business empire, with hotels and golf courses and all of them tied to ongoing deals and ongoing financial transactions, the question is how donald trump would manage the potential conflicts of this problem, it did come up at one of the primary debates. >> are you planning on putting your assets into a blind trust if you become president? >> if i become

in the four elections, dick cheney was still answering questions about his ongoing ties with halliburtondeferred nearly $2 million in earnings during his time in the white house. we have rich nominees before, but never anybody like donald trump, with a sprawling, ongoing business empire, with hotels and golf courses and all of them tied to ongoing deals and ongoing financial transactions, the question is how donald trump would manage the potential conflicts of this problem, it did come up at one of the primary debates. >> are you planning on putting your assets into a blind trust if you become president? >> if i become president, i couldn't care peanuts about my company. i want to make america rich again and make america great again. i have ivanka, and eric and don sitting there, run the company, kids, i'm going to run america. >> so you would put your assets in a blind trust. >> i would put it in a blind trust. >> i don't know if it's a blind trust if ivanka don and eric run it. but i would probably have my children run with it my executives and i wouldn't ever been involved because i w

the 21-year-old says he's innocent of a 2014 killing of a 59-year-old jill halliburton sue. and in a new twist he sent this neatly written letter to the judge. i want to apologize for escaping from your courtroom. i hope you don't take it personal. police say he was hiding out in a local motel after he escaped. he was captured six days later after a statewide manhunt. >> our member of the broward county sheriff's office were relentless. they worked nonstop. >> reporter: in the letter hi said he wanted to gather information in his case. i just wanted time to prove my innocence. i felt i was at a dead end with where to turn to. i tried to appeal to everyone to prove to them i was innocent. but my voice went unheard. ron claiborne, abc news, new york. >> now, in that letter, he said prove his innocence. he never says he found that. that's a big question. and the other i have is how he got out of the handcuffs. when he first escaped, that's what everybody wanted to know. it doesn't sound like we have an answer yet. >> he got out of handcuffs, got by four bailiffs and was able to

halliburton and schlumberger benefit benefited. is this rally in oil going to continue and what is the best way to play it? i guess when we say is it going to it continue, contingent on that, do you believe they have reached a deal, because this is going to be implemented in november? >> i think what you can be sure of is that the sentiment between saudi and iran has improved. iran is better off than they were. they may be in a position of strength. saudi is given some ground. informal talks. nothing expected here. i think there is a lot of momentum into november and i think we knew that even before today. so i think things are better. remember, november last year was the disaster essentially that put the final into the bottom of oil. so i actually think you can believe that things are better. and i think actually whether you get a deal or not in november, saudi at 65 bucks a barrel, not happy. >> the key here, remember, saudi arabia last may replaced their oil minister, the old oil minister's plan was let's get market share, let's

halliburton had a $35 million deal with baker hughes. the -- it feels to me, like in the last 18 to 24 months, the regulatory landscape, there has been more scrutiny. i am as that impact if board or someone looking to do a big acquisition? do they say this is just not worth it? >> i think the regulatory environment does play a role to tie that to something you said earlier. asking how chinese companies involved in understanding is companies. let's ask the other way. has u.s. company boards involved in figuring out how to evaluate regulatory risk? because that is evolving as well. and what tools do you use, whether it is for china regulatory approval or antitrust? in the world of antitrust and many of these deals getting there was a state of in market deals that got approved in 2014 and 2015. there were certain sectors were people say we don't think a number one or number two in the sector can merge or number two and number three. and those deals went through. when boards are looking at the 2016, ok, you calibrate that risk and you go for

halliburton schlumberger just one of them. susie: companies are being thoughtful about it.e it to 10 years ago, i think the regulatory conversation in a deal dialogue happens earlier, and people are more focused on making sure they have concrete solutions before they go forward. i think it moves it up on the agenda. alix: do you think it falls through because they do not have assets to sell, or is there not enough competition to buy the assets to make good competitors? susie: i think every situation is different and it is what is viewed as a fix. it is too different each deal to make a general comment. alix: you mentioned health care has a lot of room. what other areas? susie: i think chemicals could still consolidate. i think there are probably industrial. i think one interesting place is the convergence of tech and i.t. , which now bridges industrial, bridges health care, bridges consumer. you could see movement in some of those connections. alix: thank you so much. great to get your perspective. congratulations on your ninth conference. also a head of m&a america at morg

halliburton up, wti is up.o note the broader market is down, that is not a correlation we've seen, when wti has been up, the market very often has followed, and likewise on the way down. not so today. >>> all right, john, i don't know, about ten hours, i think, judging from the countdown clock. the polls are tightening, what are you going to be looking for this evening? >> each candidate has a challenge. donald trump faces an electorate that most of them think he doesn't have the temperament, kpeens to be president. he has an enthusiastic following, though. hillary clinton doesn't have the enthusiasm. she needs to generate some traction. david plouffe said this morning this night tonight is 75% of the rest of the election, big moment for both of these candidates. >> i know you'll be there at hofstra, john, and joining us throughout the day and evening. thanks to john harwood for joining us here on "squawk on the street." be sure to catch the presidential debate 9:00 p.m. eastern time is when it all starts. now

for halliburton, they issued a member rapid dumb saying if you weren't with us in the war, don't bother applying for any construction. that's not a way to invite people. president bush: that is absurd. the u.n. was invited in and we support the u.n. efforts there. they pulled out after sergio got killed but now helping with elections. my opponents said we didn't have any allies in this war. what does he say to tony blair r alexander from poland. those serving side by side with american troops in iraq. plus he says the cornerstone of his plan is to call upon nations to serve. what's the message? please join us in iraq for a grand diversion? join us for a war that is a wrong war at the wrong place at the wrong time. i know how these people think. i deal with them all the time. i sit down with the world leaders frequently and talk to them on the phone. they are not going to follow someone who says this is the wrong war at the wrong place at the wrong time and not going to follow someone whose cor convictions keep changing. there are sum myths being held. japan is going to have a summit for

they killed halliburton-baker hughes.s why they might not move higher facing anti-trust hurdles. stuart: monsanto is only at 107 liz: correct. stuart: that's anti-trust problems so you think it won't happen? >> possibly, yeah. stuart: todd horowitz come into this. we say that monsanto is one of the most hated companies because of the genetically modified seeds, and roundup, et cetera, et cetera. >> they're hated by everybody, they're not welcome-- did you mention monsanto on a firm, they're going to come at you. they're not welcomed by anybody there. not the greatest operators when it comes to the average guy. so they do a lot of damage to people they shouldn't be doing damage to so they're not well-liked. not well-liked in the neighborhood and this deal will probably not go through because of that. stuart: another one for you, please, todd. the saudis talked to the russians about oil and then they say we'll go along with what you come up with. the price of oil down, just this. >> the oil found a range between 40 and 50.