if it breaks down again and halliburton breaks through those multiples, where is your stop out? where do you say this is not working at all? >> some people could say, it should have been stopped out already. it's the presence of that very well defined nexus support if you will that keeps us in the train and also that strong seasonality to your point. below that neckline borders on indefensible. clearly, that's brok breaking over to $47. it's going to be in the xoa. you take out that moving average and i think we will know when we are stopped out in this trade. >> you leave out the case for the energy stocks starting off with the chart of crude. does the chart of a dollar support the chart of crude you see and does that mother on a technical basis? dollar is other trade that has not worked and it it's defied people's expectations. >> i think that's exactly it. when we were here on tuesday, we talk acted that pull back to the hundredish level there. dxy came off. gold has rallied t. safety trade the anti-trump trade if you will, now it's snapping back with a jvengeance, it support

halliburton alluded to that as well as tweak. what kind of cash pressures are you expecting?55 to $65 expect to see massive inflation or cash cost increases. it may happen in certain areas. industry having some inflationary pressure. we are not seeing that inflationary pressure. there is still this capacity in the service sector. with the contractor such that we don't get into this inflationary spike. >> to that point, you go to 17 billion and 5% a year, that would imply a lot of cash increase. you're going to get a tighter market offshore. when does that turn? the $55 to $65 price range, i don't think we will see a lot of inflation because there is plenty of industry capacity. you can make a decent living, no doubt. but i think there is still excess capacity. >> home at more efficiency can you get? >> i think quite a bit. it's not as efficient in terms of our own process and standardization, collaboration. we still tend to engineer .urselves it there are many things we're working on. gore is still quite a bit to . >> it look at the term contract moving higher. do you think y

. >> going to sell june 47.5 puts in halliburton. >> little "options action." >> no down. >> two tradestwitter, right now. tlt, one on spy. >> are they long? what's the -- >> spy is short. tlt is long. >> i'm the guy on tlt. >> no, you're not. >> they said in that -- >> here's guy, what's your trade? >> i think the tlt might work on monday and good show tonight, well done. >> it was. expanded desk. thank you all for being here on the special coverage of the health care bill. we'll be back here for more we'll be back here for more "fast money" at >> announcer: the following is a paid presentation for conture, a radical breakthrough in younger-looking skin. science will soon give you total control over the way you look. we will be able to grow older only to look younger. in the future, aging will become a thing of the past. until then, there is conture, the revolutionary new non-surgical, anti-aging, skin-toning system you can use at home to help tone, lift, and perfect the look of your skin. conture is clinically proven to

at billions of dollars the war machine that is granted, but also lining the pockets of a lot of halliburton and other companies. virgil, in kentucky, republican line. caller: good morning, thank you for taking my call. the first thing that has to be established is that the emocrats and republicans are working together plenty. e don't get $21 trillion of debt by gridlock. the public face of the ongressmen and the media like to throw around dc is in gridlock, you do not get the of debt by gridlock. the second thing is that realize thatave to they're there to serve the people, not there to serve themselves or special interests way to do that is make sure you have leadership that ants to adhere to the u.s. constitution and currently in the senate and the house, we do ot have that leadership that wants to adhere to the u.s. constitution, only when we get we e things in place can actually work to turn things round for the better of the people. host: house speaker in phone call conversation yesterday and "washington he post" today talked about potentially what might happen in the future when it co

now halliburton's giving a meeting, halliburton they're saying things that are positive they're beingerpreted as negative. everything you drill -- drilling is being -- we got this baker hughes count. >> yeah. >> did you know in '80-'82, there was a period actually when i was at goldman sachs we used to huddle. huddle around a machine that gave us baker hughes. we're back in that game. every time we see baker hughes up we say, oh, boy, there goes the permian, scoop, stack, the two really important shales in oklahoma. you saw an article today about fracking, that's because the more fracking sand the better you're doing these huge lateral drillings in the permian producing so much oil. let's not forget we're swimming in oil. we will not at low 40s. they'll shut it down. but right now it's pretty good. too much oil. i still like some of the oil companies that can produce at these lower prices, but they're permian. >> what about broader plays, lng exporters, airlines, automakers? >> airlines have been going down. >> i know. >> that's called stupid. that's an algorithm. it's their chief cos

. >> my stock is halliburton, oversell. >> i think slumber jay is even better. >> hello, jim, boo-yah>> boo-yah, i'm invested in noble, what do you think? >> noble is good, it's a very well run, very conservative company, should do well in this environment. starting to turn up right here. let's go to nathan in new jersey. they than? >> yeah, jim, what are your thoughts on himax technology. >> i say it's fine, i'm not going to jump up and down, i actually think cypress is better right here. see why, yeah, cypress semi, they're going to be in the apple iphone it looks like. how about john in maine? john? >> boo-yah, cramer, coors. >> the spinoff, it did it without me. this thing is on fire. i got to tell you, kenmore may not be done, going higher, there's so many people shorting the darn thing. let's go to brady in new hampshire. >> hey, jim, what do you think of zoetis? >> holy cow. let's go to k.j. in texas. >> my stock is gold group limited. jljl. >> i don't like it, i have to say don't buy. we're going to mike in michigan. >> boo-yah. >> i have been a long time holder of arrelcoa. >

sold some assets and bought some assets but we are seeing some red for halliburton and transocean.e bit of a mixed picture for energy but overall, it's up on the day. great stuff, thank you. the man known as the man who bankrolled britain and we will hear from the chief executive of the u.k. debt management office, robert stephen. this is bloomberg. ♪ vonnie: live from london and new york, i'm vonnie quinn. mark: this is bloomberg markets. the treasury debt management office in the u.k. announced gilt cutting. they reduced the government's borrowing ability. the king of debt, the man who bankrolled britain, cmo robertstheemen. i don't know what you think about those nicknames. why such a big reduction in gilt thesece question mark >> plans were made on the basis of the forecast we had from the obr. there has been quite a significant shift which is a result of high receipts coming in in the first few months of this year and that has affected, in particular, with the bond requirement will look like in the coming financial year which starts in april. mark: you announced 115.1. 100 9.7

there was no mistake back in 2005 when dick cheney and halliburton and his buddies pa passed exemptionsterally every environmental law in the country that heard the word clean, healthy and safe in it for the fracking industry. that's not an accident. >> tucker: all right. scott, thanks for joining us tonight. >> sure, appreciate it. >> tucker: good night. up next a brave professional went on facebook saying refugees don't share the values of the west and doesn't want them in this country. the campus left flipped. he's not apologizing. we'll talk to him next. the vals of this looking for balance in your digestive system? try align probiotic. for a non-stop, sweet treat goodness, hold on to your tiara kind of day. get 24/7 digestive support, with align. the #1 doctor recommended probiotic brand. now in kids chewables. >> tucker: ken was the professor at university of minnesota at morris. recently posted a critique of immigration on facebook and wrote illegal immigrants "are harmful to an economy about to automate especially in its welfare state." refugees are even worse, he said because "

back in 2005 when dick cheney and halliburton and his buddies past exemptions from literally every environmental an accident. when scott, thanks for joining us. good night. next, a very brave professor went on to facebook and said refugees do not share the values of this country. the college left slipped. why put up with just part of a day? aleve, live whole not part. tell you what, i'll give it to you for half off. is it keeps the food out. for me before those little pieces would get in between my dentures and my gum and it was uncomfortable. just a few dabs is clinically proven to seal out more food particles. super poligrip is part of my life now. could save money on car insurance.e in fact, safe drivers who switch from geico to esurance could save hundreds. so if you switch to esurance, saving is a pretty safe bet. auto and home insurance for the modern world. esurance. an allstate company. click or call. ltry align probiotic.n your digestive system? for a non-stop, sweet treat goodness, hold on to your tiara kind of day. get 24/7 digestive support, with align. the #1 doctor recommended prob

that says a lot like halliburton and other oil many in the george w. bush administration. not nice, but not extraordinary. the political collusion that we cannot know about that is the real bombshell, is indeed, it exists. amy: professor, you wrote "russia, trump, and a new detente." you start by saying, in his first press conference, donald trump said no fewer than seven times it would be positive, good, even great if "we could get a long with russia." you say, in fact, for all of the confusions of his policies toward china, europe, in the middle east, he is enunciated a three-part division with russia which contrasts strongly with most of the u.s. political elite. can you talk right now as we , rex tillerson, former ceo of exxonmobil, now secretary of state, is in brussels for a major nato meeting. he honest was not there. it was announced he would not be attending nato, but would be going later in the month to meet with russian officials. that disturbed many and so he ended up in brussels. at the significance of nato, donald trump's relationship with nato, and what the

. >> going to sell june 47.5 puts in halliburton. >> little "options action."wo trades on twitter right now. tlt, one on spy. >> are they long? >> spy is short. tlt is long. >> i'm the guy on tlt. >> no, you're not. >> he's with guy. >> what's your trade? >> i think the tlt might work on monday and good show tonight, well done. >> expanded desk. thank you all for being here on the special coverage of the health care bill. we'll be back here for more "fast money" at 5:00. don't go anywhere, "mad money" with jim cramer starts right now. >> announcer: the following is a paid pn for the nutribullet, brought to you by nutribullet llc. ♪ >> hi. i'm david wolfe. and for 25 years, i've been teaching people, to get the most out of your life, you need to get the most out of your food. all this food is loaded with nutrition, and you don't just need some of it. you need all of it. and the nutribullet is the machine that can get all of it. for a limited time, nutribullet has an incredible offer. when you order today, we will upgrade you to the 900-watt nutribullet pro at no

led lower by transocean, halliburton, devon energy, hess. the big exception is marathon oil, up nearly 4% as it dumps canadian assets in favor of ones in the permian basin. i'll kick it over to carl and "squawk alley." >> morgan, thank you very much. good morning. it is 8:00 a.m. at snap headquarters in venice beach, 11:00 a.m. on wall street, and "squawk alley" is live. ♪ starting from the bottom, now we're here ♪ ♪ starting from the bottom, now my whole team here ♪ ♪ startied from the bottom, now we're here ♪ ♪ started from the bottom, now the whole team here ♪ ♪ >>> good thursday morning. welcome to "squawk alley." jon fortt, sara eisen with me here at post 9 along with business insider ceo henry blodget. good to see you this morning. >> good to see you. >> eight years in and still going strong. the s&p rallying nearly 250% since hitting that closing low of just over 676 on this day in 2009. this is the second longest bull market ever. oil, on the other hand, falling below $50 for the first time this year. of course, had the worst day yes

oil is down 2% and oil services is one of the harder hit subsectors for halliburton, weatherford andare trading lower. this is the dollar, rising versus the peso and the canadian dollar. all the commodity centered currencies. large movers on analyst notions, we have nike's price charges being raised and over credit suisse. the analysts say market share losses will moderate as walmart, bank of america, merrill lynch adding to its u.s. focused strategy, working a quick check on hudson day as well. that companies chairs are falling -- shares are falling in trading. toy have moved to try acquire the privately held lehman market. mark: investors are waiting the end of the two-day fomc. two groups rising today, oil leading the decline. thanger in february january. the big election, the first date when of the year, takes place in the netherlands tomorrow. this is the difference between the judge -- dutch and the german ten-year yield. we haven't seen the same risk premium in the german ten-year spread that we have seen in the french ten-year spread. last night we had the first big set piece

halliburton fell 2.3 percent and rig operator transocean lost 1.6 the price of another 1 under $50, itsrcent. ( mark ) coming up... a man who posed as justin bieber is charged with 900 child sex offenses. hear what we are learning about that man this morning. and a dog saves his owner from a fire that broke out at his house. we'll hear from that owner after the break. we'll be back as the kron 4 morning news continues... and here's a live look outside... em hershey's miniatures. we pour 'em! we pass 'em! we pick 'em! delicious fun for everyone. hershey's miniatures are mine, yours, our chocolate. ( mark ) a rescue dog saves his owner's life in a fire. the owner says he had no idea that a fire broke out inside his house on sunday. he was sleeping with his hearing aids out. it wasn't until his dog marley jumped on top of the bed letting him know about the fire. marley and his owner ran out of the house through a bedroom window because the door was

names like transocean, halliburton, murphy oil, energy's the worst performing sector so far this year going to stay in focus this week as top energy leaders speak in houston, which cnbc is covering. meantime, few big movers for you, snap, that's snapping higher again today. after it's up about 3.5%. that's after the social media company's strong debut last week. despite those valuation concerns, which i know you guys have hit on in recent days. lastly, tyson foods down more than 3% after a chicken farm in tennessee associated with the poultry producer was hit by bird flu. tyson does not expect this to disrupt its chicken production, but we saw in 2015 what bird flu can do to the poultry stocks earnings. if this were to spread to other farms, this could be considered an issue. but again, stocks are down. the dow is down about 71 points right now. guys, back over to you. >> morgan, thank you very much for that. we're getting news that at 11:30 a.m. this morning the secretary of homeland security, kelly, secretary of state tillerson and a.g. sessions will make some remarks 11:30 a.m. on

halliburton we think can do well as well as some of the pipe lines. >> maybe everybody wins, mike. >>ondering what's the impact if we have a lot more drilling, a lot more incentive to basically produce more? is that going to weigh on the supply? what happens to the price of commodity? >> it definitely will, mike. you're going to have more supply. we think with that will certainly come more demand. so i think it will balance out to a trend and i think, you know, again, what this does is put us, you know, really in direct competition with some of those opec countries. the u.s., a lot of these companies that i mentioned can compete and probably in fact undercut them on a price. >> neal and sophie, thank you both for joining us. >> thank you. >>> valeant stock ending the week lower. we will talk to glenn greenberg of warriors advisors. and in disney making a big bet on "beauty and the beast" we'll tell you how much the movie is expected to add to disney's bottom line coming up. >>> welcome back. more breaking news out of washington. ylan mui has the news. >> reporter: kelly, the white hou

led lower by transocean, halliburton, devon energy, hess.athon oil, up nearly 4% as it dumps canadian assets in favor of ones in the permian basin.

service contractors, you know, you mentioned halliburton, are certainly part of the story as well.l prices recover, the faster we're going to see further acceleration. we've already seen a lot of it. but we think there is more to come. >> good point. i should point out marathon is up almost 6%. so bucking the weaker oil trend. hess is down by 0.8. thank you very much for your perspective. >> thank you very much. the session looks like this. equities here in the united states falling about 0.1% on the dow and the s&p 500. if you switch up the board it's an e.c.b. which has revised its forecast for inflation, that little bit higher. the balance of risk has improved. the down side risk has subdued. that means a stronger euro in reaction to the news conference with president draghi up 0.5%. e reclaim very briefly the 1.06. we'll discuss that and more very briefly coming up from new york city. you're watching bloomberg. ♪ >> this is bloomberg daybreak. we're here in the hewlett-packard enterprise reen room. we'll be joined tomorrow immediately following the payroll results by bill gross

oliver: halliburton retiring -- r to date -- years of the expansion comes as shale drillers rushed backe on higher energy prices. that count as dropped by 30,000 since 2014, according to the filing. and this company has won the --k of the debt economy dutch economy minister. he joined other amsterdam politician, who said this is a major contributor to that economy. he is currently on a charm offensive with his ceo, leading with -- meeting with investors and government officials to drum up support. and finally, china's shandong become the biggest holder in seaworld. they bought about 33% premium -- -- the and still ahead, we have be commodities close. we have a recent drop in coffee prices, plus why russia is pair fallg for oil to five -- to $40 a barrel by next year. this is worldt: from bloomberg headquarters in manhattan, this is bloomberg markets. i'm scarlet fu. architect closing here in new york, so let's start with coffee. falling into an 11 week low with ample supply, the price has previously risen because of cycling purchases. in this rally has been fueled by positive sales. it