. >> diagnose go halliburton? >> i did. >> you know halliburton is at that key level. it's at that level, and i got in. >> i'm not going to fight that. >>> we were kicking around a segment where the fangs get all of the play, and we came up with one called trash, which is -- those are the lowest-performing stocks relative to the fangs. and a number of though whether it's the h of hall burting or a of -- >> what is the "s"? >> hey, it's like -- it gets two fists. >> exactly. but herein lies the point. kourtney saw opportunity. >> i bought akami. i had on my list to buy steel. >> did you? >> and i -- that's for a trade, because it's oversold. i had a bit in below the market today, and i got hit, so i own a little steel now. >> and transocean, by the way, was the t. energies occupies a piece of the underperformance. >> professor shiller came on and said i think it's time to get into nvidia? that would be something. that is something that's coming. this is a juggernaut. that's the one that does remind me of the 08d days. i do love it, but it's one that i think i struggle w

aramco and for halliburton declined to comment. did not immediately return phone and messages seeking comment. apple plans to announce an itste to his lap -- laptop development. according to people familiar with the matter, they are planning three new laptops and a move that could help offset new competition from microsoft as well as the cunning ipad sales. apple declined to comment. that is your bloomberg business flash. anna, manus. anna: thank you very much, juliette saly. an amro has reported profit. joining us now, kate. talk me if you could through your strategy with regard to capital at the moment. we are looking at the cet one ratio. it is high relative to others in the sector. any prospect of returning more of that to shareholders? kees: thank you very much. the capital position is indeed high, but that includes a buffer because there are quite a lot of discussions in the committees is still going on, which is not clear what the end result will be. there might be copper mines. thatially for dutch banks, is relevant. that i

we saw what his company halliburton did. he made huge profits in iraq back in 2000. war is very profitable. it seems we'll is have to use military might instead of compassionate aid. the u.s. wasf invaded and occupied by a you would seey, many americans rise up in an ice is tight militia in order to protect the country. they just want to live their lives, raise their families. everyone is just like us. the prior caller, yes. down toeed to be broken it we don't need walls. we need bridges. host: the supreme court decided to take up the case looking at voter rights issues. on tuesday, it will hear another voting rights next term considering ohio urging the names of those who do not regularly vote -- the rights groups, which successfully told the supreme court there is no reason to disturb a decision of the u.s. supreme court of appeals six circuit for federal voting law. a republican running for both democratsy and republicans, it is a way to clear for those who died and moved away and increase public confidence, adding that maintaining the integrity is essential to co

i think halliburton, their business mix, is even bigger than schlumberger, that business is not goingging north america. i don't think it will change anytime soon. great company, great technology. i'll revisit it. >> great stuff. we will see you back here soon, i hope. >> thanks. >>> all right, stephanie link. the earning trades for the rest of the week on our list. home depot, dick's sporting goods, target, walmart and more. this is a story about mail and packages. and it's also a story about people. people who rely on us every day to deliver their dreams. they're handing us more than mail. they're handing us their business. and while we make more e-commerce deliveries to homes than anyone else in the country we never forget... that your business is our business. the united states postal service. priority: you ♪ what?pony neighing] hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get support from thinkorswim's in-app chat. it lets

these deals will be between saudi arabia and the u.s., and they include schlumberger, halliburton, bakerch names. everything from discovery to, of course, you know, bringing out the oil from the ground and putting it out there for consumption. now, we also have the ceos of jpmorgan chase, citigroup, morgan stanley, blackstone and dow chemical joining the presidential delegation and taking part this discussions about how to strengthen economic ties with the saudi kingdom. business is back. our next guest recently returned from riyadh and served as the top diplomat from 2001-2003, ambassador robert jordan. great to have you, ambassador. thank you for being here. >> hi, good to be with you. liz: it sure looks like it's the start of a new day and a new way of dealing with a arter in in the middle east -- a partner in the middle east. >> i think this is a huge breakthrough. some of this had the groundwork done, of course, during the obama administration, but it's now coming to fruition. and i think this shows that the saudis very much want to be part of the global world economy. they want the

. >>> halliburton's ceo is retiring on june 1st. replaced by current president jeff miller. >>> some more stocks to watch. burberry shares rising in european trade. full-year underlying profits fell 21% due in part to weak demand in the u.s., but the fashion firm told investors its pretax profit is set to rise by the end of the year. up 1.7% in london trade. >>> sirius xm is in active talks about making a bid for pan dorya. the "new york post" says the bid could range from $12 to $13 a share. >>> and data showing an immunotherapy combination was effective in leng cancer stulun cancer studies. >>> brazil's president denies bribing payments to silence former house speaker kunia who led the impeachment fight. this could escalate and become another political crisis in brazil. >>> when we come back, the top stories and a round up of global markets, plus the internet is melting for uncle joe. we'll tell you why after the break. "worldwide exchange" will be right back. so you miss the big city? i don't miss much... definitely not the traff

unsubstantiated personal opinion i think dick cheney was a very talented and smart man as chairman and ceo of halliburton and living in that world and coming back in to the government from that exalted position having them also secretary of defense before of course and became vice president. it creates a kind of, a sense of an imperial sense of infallibility and a certainty about your opinion that you shouldn't have. >> it's also true that cheney's views under gerald ford were very right-wing. he was always an extreme conservative and it's also true when he became vice president he had nothing to lose. he was not running for office again. that's one of the reasons george w. bush chose him and so he was free to tell people exactly what he thought. >> before we go to questions may i just make one point? i will make his sister -- sincerely with everybody here. this book that chris whipple has written is one of the best books of its kind that i have ever read. he has done exhaustive research. he has talked to all these people, all the former chiefs, two presidents, countless other senior officials and all th

think that dick, who is a very, very talented, smart man, as chairman and ceo of halliburton, and living in that world and then coming back into the government, from those -- that exalted position, having been also secretary of defense before, of course, he became vice president, creates a kind of sense of imperial sense of infallibility, and a certainty about your opinion that you shouldn't have. >> commentey's views under gerald ford were very right-wing. he was always -- >> calls. >> always an extreme conservative. also true when he became -- excuse me -- when he became vice president, he wasn't run -- he had nothing to lose. he was not running for office again. and that's one of the reasons george w. bush chose him. and so he was free to tell people exactly what he thought. >> before we good to question, i may i just make one point? i make it sincerely with everybody here. this book that chris whipple has written is one of the best books of its kind that i have ever read. he has done exhaustive research. he has talked to all these people, all the former chiefs two presidents, countle

these are some of the worst energy performance in the s&p 500. , andocean and halliburton some of themp companies. bloomberg energy refers to this is the energy web. on days that oil goes down, they are the most extreme in terms of the decline. as far as oil, let's take a look at the technical. this is g #btv 6637. the point to be made is the 50 day moving average is one penny above the 200 day moving average. waslast time this happened back in 2014. see the huge slide. there was one before that's where it led to more trading. perhaps that happens, but either way, it is something to keep an eye on. it could be a bearish moment for oil and what is next. julia: thank you, abigail. with spring and adam who joins us on the phone from washington. for is an analyst international studies. adam, great to have you here. it looks like a case of by the room and so the facts to the markets. somewhere out there to deepen cuts. >> i think that the opec meeting was disappointing in the sense that they didn't come up with those deeper cuts that you mentioned. they have extended it out to the first qu

julia: breaking news from halliburton this afternoon.eadership transition -- the ceo is stepping down. he is going to retire next month, replaced by jeff miller. just a transition with the ceo. jeff miller set to become the ceo on the currency over ties next month. peteroming up, we ask zeidenberg, the man who prosecuted scooter libb become what he thinks could be in store when it comes to the comey-flynn investigation. this is bloomberg. ♪ scarlet: what'd you miss? let's get back to the store that has washington really, a memo written by former fbi director james comey that alleges donald trump asked him to drop an investigation into michael flynn. while the contents have been confirmed by bloomberg and other news organizations, the memo itself is not yet surfaced publicly. where do we go from here? let's talk to someone who has been involved in a high-profile prosecution. peter zeidenberg, he'll prosecute scooter -- he helped prosecute scooter libby. he joins us from washington. thanks for joining us. great get your perspective on a da

oil was up and we talked about halliburton yesterday with tim. they had a decent day. you might see the up side. >> to me i looked at kre today. i haven't bought it. i mentioned last week i'm waiting for the market to prove itself. part of it is the 2400 level that steven mentioned. he i'm looking for that break of the down trend. the banks seem like they want to do it. at the very least i know the bottom what appears to be the bottom, that has formed over the last month or so, i know that that's my stop now. i'm looking for that breakout and i'll use the recent lows as my stop. >> today i bought a little goldman sachs. i bought the stock and stops. i bought citi on the day that we were down. we saw huge coming down on citi. down day. negative, nobody wants to touch anything. suddenly you see monstrous paper. 70,000 up side calls were bought that day, the september calls when i looked at citi. so if we get a turn at all in the energies names, if we get a turn at all in the financial names, both actually flat lining or under performing the market, that's going to be the

at oil rig stocks and how they are trading today, they are going a little bit lower, such as in halliburton and schlumberger. we are also seeing some movement in offshore drilling as well. that rowing, ensco, all down.d we also have a company offshore that is a drilling contractor, a nordic drilling contractor. they are saying that the drilling range will reach a story close this year, so that weighing on some of these companies that have that international exposure. scarlet? scarlet: thank you, scarlet -- thank you, julie. julia: and the u.s. 10 year breakeven rates stands the most this year after the price -- core consumer price index rose above the forecast in april. is this goodbye to inflation? earlier today, we spoke to charles evans, head of the bank in dublin. here is how he interpreted today's data. charles: i know that the last month, both inflation indicators stepped down unexpectedly. my view has been that i will look through them until i get a better reading as to whether or not it has altered its to factory, as you are suggesting. or if it is just a bit of a pause. i think it

he has been with halliburton for the last 20 years, since 1997.avid la sar will move to kbektikbe executive chairman. he will hold that role until his mandatory retirement kicks in. looks like it is a leadership successor plan. kelly, back over to you. >> thank you. our courtney reagan. meantime, stocks sinking on new fears about the president's administration. ahead, we'll discuss whether he could be on the verge of losing republican support in congress and how that could impact the market. plus, warren buffett may be one of the richest men in the world, but apparently he can't always get his way. why buffet got burned in texas when we come back. and financials taking that big hit today on the worries about future fed rate hikes. i will be speaking with bank of america chief executive brian moynihan in a cnbc exclusive tomorrow. don't miss it. he's on holiday. what do you need? i need the temperature for pipe five. ask the new guy. the new guy? jack trained him. jack's guidance would be to maintain the temperature at negative 160 degrees celsius.

children are being born with six fingers, and as they walked to makeshift schools, they are carrying halliburtont i thank them for when i did the pilgrimage to standing rock it reminded me of my roots and human dignity. for a split second i saw what what my ancestors and my family must have gone through. that is just one example of what happens every day to indigenous people around the world. we need more and more and more. that is what religion refers to as gluttony. our scripture reminds us over and over again that natural disasters are ramifications of our doing and our self-harm. most of these people that are affected are vulnerable people. it is the people of faith -- that's probably using stolen iraqi oil right now, but we won't go there. when these vulnerable people are hit, remember they don't have atm cards where they can go to their houses. the people of moral conscious, when fema is playing pattycake or twiddling their thumbs, it's the houses of worship that house and feed" these people. they don't have a lot of money and they take care of it. we have to remember that. the one thing i

companies. ,hey include ge and halliburton and we are told they will be signed on saturday.planning to sell up to 5% of aramco sometime next year. the kingdom also aims to announce as much as $40 billion worth of investment in the u.s. betty: steal posted a surprise fourth-quarter loss after taking a $.5 billion charge related to disclosure of its british pension plan. a shortfall of $113 million compares with estimates of $154 million profit. even so, an improvement on the previous year's loss of $420 million. the deal brings it closer to a possible european joint venture. another company is said to be under pressure from two of the world's biggest asset managers to buy back the stake in a singapore food company it sold them a year ago. sources say blackstone and lgt capital partners spent about $50 million buying 60% of the company from stan chart private equity. now they want their money back after the bank dismissed two top executives who were managing the investment. >> goldman sachs is applying new analytics to its measure of stress in china's financial markets. its ve

scandals or misdeeds of the stuff we saw after the iraq invasion and the reconstruction and the no bid halliburton contracts and the rest. well that's bad. it wouldn't necessarily tie trump's hands in seeking at a later date to change direction with russia and try to find some accord on syria, some kind of deal to end the ukraine conflict. that's a lot more than he wanted but now i'll be quiet. >> nice groundwork for the things we're discussing to day. you touched on a lot of the really big issues with trump's foreign poll sichlt we'll be taking your questions from the audience as well at the conclusion of our panel. i assume you have a slightly different assess ment. >> great question. i would give trump an a in foreign policy. and i would do that because he has been singular effective in foreign policy in a way he has been in no other area of his presidency. if you look at the things he has strugled to do, most of them have been in areas where he is stifled by congress or by the courts. where so he's running up against the other branches of government which is how our system is supposed to work.

halliburton and baker hughes getting either technology or equipment deals as well and another winner national oil well varco, drilling equipment and land rigs. last but not least black stone group rolling out $40 billion infrastructure investment punned with half the initial investment coming from a saudi wealth fund. there we go. we see the president and benjamin netanyahu set to enter the press briefing room where they will give a joint statement. >> right now the market seems to be giving the president good marks on his first overseas t p trip. can he keep it up once he leaves the middle east and heads to europe? fred kemp is with the atlantic council and a miseast adviser is with the washington institute. fred, you nailed it on friday when you said there would be deals on this trip. how would you grade the first portion of the trip? >> unfortunately, becky, i didn't do the investments i should have done on friday, anticipating those deals. up to $400 billion worth of agreements. not only are these important deals but they also are an important sign the president wants to be the c

chesapeake, transocean, halliburton as the russians and the saudis agree to keep cuts going through marchr. the meeting is the 25th of may. a lot of people are arguing they didn't have any choice in the matter this time around. >> no, they have to play defense. as soon as it's at the bottom half of the range. it seems as if the stocks have been pretty awful. they have been -- you know, looking oversold. people try to bottom fish for a while now. any left toward 15 in crude is sort of a bounce. that's what this market has been. it's been even on the up days even 60% of stocks, 40% down. and vice versa. it's not been an all or nothing kind of momentum market. that's kind of stuck us in this range. >> first time since april 19th, oil has traded above the 50 and the 200 at the same time. >> not hoping ge which has an important business link to oil and oil services. that stock, michael around 28 bucks a share. off a 52 week low. seems as though there's -- i have a keen sense for the obvious. a lot of people wanted to sell that stock lately. >> sure has. i think the one thing you can say in it'

they include ge and halliburton. spokespeople declined to comment. did not immediately return phone and email messages. apple plans to announce an update to its laptop and an annual conference next month. the company is planning three new laptops in a move that could help offset new competition from microsoft and declining ipad sales. apple declined to comment. . that is the bloomberg business flash mark: expanding the u.s. laptop from yourlude flights could cause the airlines in excess of $1 billion. according to the chief executive of the international air transport association. we spoke exclusively to bloomberg. >> we have written to the european authorities. the e.u. commissioner and the ministry of transport. of european countries to say that we are concerned about this u.s. ban on electronic devices. could impose an additional cost of more than $1 billion on passengers. we think it will disrupt business between u.s. and europe. so, we do not see that as a good measure. and, of course, we will urge european governments not to take theirmparable

some of the names we're watching in early trading, oil and gas and look at the chesapeake energy, halliburton i want to call your attention to what's happening with the technology stocks. the select specter spider has been more actively traded etfs out there. a lot more people are trafficking in the technology stocks. maybe they bought on the dip as well on wednesday. and then we'll take a look what happens here overall with the bond market as well. the two big etfs to track investment grade and high yield bonds, they have been static and stable so far in 2017. even amidst some of the turmoil we saw on wednesday. so if you take a look at those two etfs, they might be two indicators for whether or not we'll see some more stability, guys, in the bond markets. back over to you. >> thank you very much, dom chu. as you were speaking we did hear from john legere, the ceo from t-mobile. >> i say i'm ready for that beer from david faber and that t-mobile has many ways to win including consolidation which could benefit customers and shareholders. nothing is off the table. >> nothing is. obviously, mar

halliburton getting a new ceo. u.s. steel getting hit. wind up hitting the seal stocks. freeport off over 1%. that is a copper story. property prices are quite high in china. lumbar liquidators also down by almost 2%. this trends into a brazil story. brazil is the number one -- number two would supplier -- number two wood supplier. , the adrlian side note is getting hammered, bringing down commodities. the question is, when do you buy? what is the opportunity? jonathan: there is the follow-through about one or two minutes into the session. the dow is down by 2/10 of 1%. 01.0 --500 off by 0.13%. let's get the katie stockton from btig. an unsuccessful test of resistance at that march high, which is roughly 24.01. a widely followed level. related the last hurdle -- really the last hurdle to new highs. the pullback is helping to relieve short-term overbought conditions. they never feel good. sentiment was somewhat bullish and now it is already affected by that one day. jonathan: what are you expecting, now? you see the fast and furious move l

among them, general electric, halliburton.he deals call for the companies to open manufacturing parts in saudi arabia and train local workers.in the u.k. , a completely privately owned bank once again. it was mailed out in the middle of the financial crisis. it has sold its last remaining shares. the treasury made more than $1.2 billion on its original investment.that is your bloomberg business flash . alix: thank you so much. in the market, the move is what the dollar. joining me now is mark mccormack. what do you make of the dollar's slide? mark: i think it is a mix of a lot of things. we have d.c., a trump premium being built into the dollar. u.s. dollar is trading below where it should be from interest-rate differentials of the u.s. versus the rest of the world on a two signal move. the u.s. is creating this high level of discount around the dollar, but it is coming at the same time that they are getting better data out of europeans and outside of the rest of the world. what we are seeing is a lot of a headline risk people