other than the exception of halliburton are industrying b that have been disrupted, so, you know, if r me, that's not a place that i want to bottom first nam fish the story isn't in tact in any of these for bk, it's a new touch >> what about the auto parts sector they all got hammered. >> because of amazon >> you would think -- >> it's hard to get in this trade when you feel like you're in the second, third ipg the amazon of this sector -- >> from bottom fishing to marlin's park in miami on monday, baseball's best hitters are going to compete in the 2017 home run derby it's part of the mlb's all-star game festivities, so going around the horn for some home run stocks tim. >> newell is the company who makes the baseballs. also camping gear. co coleman. it's part of the fabric of this company. home run ball. >> abea. it is an orphan play small, 350 million market cap company. this is a stock that i can see tripling >> where do you go when there's live tv and something great like the all-star game? twitter. this is where they shine i think they changed the game. >> grasso. >> c.a.r avis

. >>> the oil services giant halliburton reported a stronger than expected rise in revenue. as the company saw higher demand for pumping and well construction services in the u.s. halliburton also swung to a profit that beat expectations but the company warned that growth in u.s. oil rigs is showing signs of plateauing. and that sent shares down 4% to $42.51. >>> the apparel retailer vp corp said strong demand online as well as internationally helped drive sales higher. the maker of the north face and wrangler jeans also reported profit that beat estimates by a penny. shares were up 23 cents to $58.888. >>> and boeing said it expects solid demand for aircraft personnel over the next two decades. aerospace and defense contractor said over the next 20 years it sees demand for more than 1 million pilots and technicians to support the world's growing commercial airplane fleet. boeing shares up a tick to 212.18. >>> shares of amazon rose today after a wall street analyst said the online retailer will one day be the most valuable company on the planet. a note to clients, the analy

halliburton shares lower after giving cautious rig count guidance >> earnings decent but the problems in terms of services you're seeing a tapping on the brakes and that's what the halliburton ceo talked about on the call today both halliburton and schlumberger are challenged, trading at the lower end of their ranges for the year. i think igts a matter of time before they come out of the malaise they're in right now there are wetter high data energy names to play >> stanley black & decker, raised their guidance. why is the stock down 2.5% >> at one point it was down 5% so i bought, actually. these are the opportunities we've been talking about when earnings reactions are silly the stock is up 23% year to date so the expectations were high for sure but this company just posted 8% organic growth in tools in storage. they posted 9% organic growth in industrial, 2% on the other security side. margins were okay, not great >> didn't illinois tool miss >> yeah, they did. >> surprising to some. maybe this stock is down in sympathy >> i think people thought there would be a larger margin expa

halliburton and others have seen.back a bit in shale, with the oil price is around 40— $50 a barrel, at the crunch point for these guys. changing tack slightly, big move for jimmy choo. slab divans include —— a big buyout. there is value still seenin big buyout. there is value still seen in luxury brands. 0ver big buyout. there is value still seen in luxury brands. over $1 billion for shoes. have we still got the money to pay for these items? clearly some people do! not me. alex, have you got any? i have, actually. thank you very much. still to come... mobile adverts that target you because of where you are. we'll be talking to the firm behind "proximity marketing". you're with business live from bbc news. "unfair charges" levied on buyers of new—build houses could be banned in england under a proposed crackdown. leaseholds on new—build houses would be outlawed, while ground rents could be dramatically reduced, under government plans subject to public consultation. andrew walker is the bbc‘s economics correspondent. w

production at least for the next nine months, but the comments from halliburton to they were interesting. you are seeing some $50 oil and producers are having to rethink capital plans. vonnie: what will that mean for the u.s.? our shale producers going to be affected? noah: i do not think you will see consolidation. producers are feeling a lot of pain, but relative to what they went through last year, the balance sheets are much better shape. access to capital has not been a problem. they are certainly not thriving at some $50 oil, but they are surviving at some $50 oil. i do not think you will see a big wave of bankruptcies or forced consolidation through the end of the year. $40id see oil pullback sub and that would be a pain point where companies would have to rethink activity levels and the viability of their business models. vonnie: there seems to be at belief that demand will rebound a little bit. where is that believe coming from? noah: demand data has been fairly strong. this not a push for a deepening of production cuts. i think they're looking at between 1.4 and 1.6 million bar

halliburton is one example. on the one hand, i'm just going to call up the chart on my terminal here, on the one hand, the company earnings were relatively strong so initially, in reaction, we saw the shares moving higher. revenue was at 29%. on the conference call, halliburton says the customers in north america are "tapping the brakes." now they are trading down by more than 3%. elsewhere in earnings land, we are hearing from toymaker hasbro which saw weakness in some of its key products, like the easy ool and superaysk soaker brands. we are also watching disney because they saw some weakness in the groups that included "star wars." but the upcoming film will help resolve the second half of the year. disney down 8% and pulling down its rival mattel as well. what are we seeing in europe? mark: down for thursday, the worst run in july after falling for the first week in three. last week, automakers, you see slumpoday extending their as the eu says they are studying possible collusion among german producers. ares

that is pushing halliburton lower by 3.8% here. i also want to tie in oil.hen we woke up this morning and came to the office, we saw that meeting in st. petersburg between opec and on opec members talking about oil and looking at that agreement to cut oil production. #btv terminal here at g 7831, it ties together the u.s. and opec and what is going on. you have the u.s. and white with the recounts surging up to what is almost a high and two years right before oil fell from $100 a barrel. in blue, output from opec. it is down quite a lot after they made that agreement to cut oil production. climbing that just a little bit this summer. a lot of concern still coming out of that meeting this morning on whether they can maintain those production cuts. finally to recap the asset classes for you, we will take a look at the 10 year yield and the dollar. those are heading higher. as yields go up, generally the banking sectors to better. more yields and more spread and potentially more profit. the yields going higher here and boosting some of those mid-regional banks.

of swing for the fences and you might come up empty, but a lot of people would play energy. >> halliburton down 5% it did catch my eye that both the dollar and crude were up the dollar weakness pretty indrebl. what do you make of it all >> i think it's a combination of factors. yellen is certainly tightening and we know how gradual that will be and other central banks are trying to take away the punch bowl as well and the dollar is one of the more overcrowded trades we saw in many, many years the u.s. economy going into this tightening cycle has been pretty fragile and investors are somewhat concerned about that and that helps to explain the weakness in the dollar. >> rick, i mean, we've got the fed meeting. nobody is expected them to do anything policy-wise, so do they have a barbecue with hot dogs and hamburgers what are you expecting to come out of that meeting there, anything >> well, just the back that we have 2s, 5s and 7-years, no early auctions or postponements of auctions and whenever there's a press conference and it looks like something happen, the auction actiongets tweerked. i

. >> we'll hear from halliburton and anadarko on monday. he says on wednesday. shell on thursday then finish on friday with exxon and chevron. a glimmer of hope we could see positive surprises. the pri the price drop isn't a danger zone to many companies. >>> exxon mobil was fined $2 million by the treasury department for reckless disregard in 2014. that was when secretary of state rex tillerson wexxon's ceo. the treasury says exxon signed eight documents with the head of the state-run -- just weeks after sanctions were imposed on moscow for annexing the crimea region. it sued the government in an efrlt to overturn the fine. >>> how one company wants to make older dumb cars a little smarter. >>> a trio of regional banks reported earnings today and had a few things in common. they all posted better than expected revenue and all three cited an increase in fees. this falls in line with a segment we brought you last night about how a number of different industries are getting a growing percentage from those fees. toni >> banks have been reporting earnings and one ni

time after time say we're going underground as in from is us about the national halliburton report results today while it activates oil rigs in war torn iraq where forty thousand were reportedly killed in the months long u.s. u.k. backed fight for mosul going up in the show when u.k. pensions minister baron as old little dres amazed thinking out that thirty four million in britain will have to work longer to be entitled to a basic income in their final years of life and is india repairs for a new president today one of jerry corbin's new assemblies tells us why he is calling for an inquiry into an alleged s.a.'s ninja atrocity that may have killed thousands of civilians in the world's largest democracy plus from british backed wildfire only able to board a great tropical fungus storm threatening the u.s. we cover the diplomatic do's and don'ts of travel as british politicians involved forty eight days of sublevel a day all the symbol of a days going underground but first on. what may be the most powerful company in the world announces its results today a parent company of google alphabet i

tech has been performing well, so if you see energy companies next week, exxon mobil, chevron, halliburton, anadarko, a lot of people are are in bio tech we're spending and investing and that's going to scare the heck out of investors >> if people are forced to short cover, that's what people have to come up with real dollars to come up with with and those names, the fang names will be used as a dip. not saying it's going to happen, but that's the big question. >> that has happened exactly what steve is talking about has happened all year long, when there's some of them elsewhere in the world, in the market, the fang stock rs the ones used as the atm, i got to git get my cash out of something. they're big and liquid >> well, our next guest is reading the tea leaves ahead of next week's earnings an he says there are a few warning signs you should be aware of now joining us from st. louis, hello, scott what warning signs are you looking at >> well, melissa, for the overail market really because you guys have been b talking about tech about these fang stocks and really for us, over all, techn

time after time say we're going underground as in from is us about the national halliburton report results today while it activates oil rigs and water in iraq where forty thousand were reportedly killed in the months long u.s. u.k. back to fight for mosul coming up in the show. and it's all put on tourism a sneaking out the thirty four million in britain will have to work to be entitled to a basic income in the final years of life and is india prepares for a new president today one of jimmy corbett. why he's calling for an inquiry into an alleged. that may have killed thousands of civilians in the world's largest democracy from british backed wildfire on the border tropical fungus storm threatening us we cover the diplomatic. travel as british politicians forty eight. hours a day all the symbol coming up in today's going underground but first what may be the most powerful company in the world announces its results today a parent company of google alphabet it's been in the news quite recently for allegedly abusing its market position and we start with the breaking news that the internet gia

with, thisbegin fellow has been in the military all his life and is probably or one for halliburton of the military contractors. host: mike, let me stop you. ambassador jeffrey, will you talk about your background and what you do now question mark guest: he has -- due to? guest: he has a point, i have consulted and been in the military state for 35 years. this is not about my background. i'm not trying to push a view, i express what i see on the ground. caller: it seems to me we go in and destroy this stuff. i am a building contractor, and i have been offered opportunities to go over there, but they go in there, they tear it up, and then they get international folks in there, they rebuild this stuff, and it is shoddy, it is built from somewhere outside of their, so the people have no investment in it. it seems to me it is about the almighty dollar. i do notget past that, think there is any hope for us. again, i agree with 80% of the facts you have laid out. you are right about reconstruction, the fact that a dollar rules internationally. my point, however, is in most places in the worl

. >> reporter: liam and walker halliburton are schooling me on pokemon, a game of strategy and math. >> good at math again. >> reporter: shut down. well, they're not kidding. liam's parents say he took down a $10,000 scholarship and won the national championships last year, the bethesda brothers recently scored top eight in a bigger tournament this year which means a free trip to california. >> i like to win because it's fun. >> there's a lot of cool, fun players. >> reporter: their parents say it started about three years ago when liam's school friends were trading cards so he wanted a pack. but dad says -- >> we're not that kind of family. i'm not just going to buy you a bunch of cards so you can give them to your friends. >> reporter: he ended up buying cards but took liam to a local store to learn the game. fast forward and he had a paid trip to london to compete. >> we're exced >> liam came over and said i lost it this last round. i made this play to allow me to draw seven cards and i didn't get it. so i lost. and i said, i love you, son! i mean, if that's not doing the right th

sheri: what about the comments from halliburton saying that the boom is slowing?on't think that will give a boost prices if that were true? what do you see in the shale market? guest: the shale market is so difficult to read because it is highly reactive to the price. the shale market has benefited greatly from the high prices, relatively high prices in the early part of the year. lot of shale producers to hedge their production. of course, if those hedges are unwinding and they have to come back into the market at a much lower level, then the question is how strong can shale be in a lower price environment? nevertheless we don't see shale being the major contributing factor to the oversupply in the auto market as we go towards the end of the year. what happens at the end of the year is you have a huge seasonal change in demand. demand in the first half of next year is going to be much lower than in the second half of this aar, which means it is really case of demand dropping and supply not dropping fast enough to account for that, and the oversupply reemerges. yo

but the big hit -- the biggest difference halliburton is what they have not heard of before. but it isn't highly branded. so the ceo of exxon one of those most controversial companies under investigation over allegations at that they had misled the shareholders that their scientists were researching the '70s and '80s? exxon was under a lot of pressure and with his entire working life worked there 41 years is a continuation of all of that to dallas over cheney to tillerson and the president himself because at least tillerson divested before becoming secretary of state but trump has just emerged the administration with the white house. >> as you talk so eloquently this is the ultimate giveaway to corporate america. so maybe we should talk about, not even six months into this administration and what has it been doing to go through the top wish list of the of fossil fuel companies , the bankers, of the military-industrial complex what are the items me already seek to please corporate america?. >> yes. and this should be getting a lot more attention, a medea because there should b

america as the most significant example this isn't a new process, but cheney very significantly halliburton with the company people hadn't heard of before. it's a hugely important company, but it's not a highly branded company so appointing the ceo of exxon and that is not only a highly branded the company but one of the most controversial in the world by three states attorneys general over allegations that they had misled its shareholders about how much it knew about climate change because they had been researching the reality back in the 70s and 80s and then funded climate change denial. and of course trump himself. he's just merged the organization with the white house. this is now the ultimate giveaway to corporate america. we are not even six months into this administration so what has the administration been doing to the top wish list of the companies for the bankers and the military-industrial complex but are the items we already see? >> i do think this should be getting a lot more attention because there's a lot of focus on exposing what some people believe is a conspiracy that shou

obviously, the halliburton baker hughes merger did not happen.is the next wave of mergers we will see? >> i think you are starting to see some occurring on the drilling side. let's see how the space plays out. some are more crowded than others. people are saying consolidation may happen but it's too early to say. alix: we appreciate your perspective, thank you. ceo of the combined baker hughes/ge business. back to you. vonnie: great stuff, thank you. let's get to first word news. emma: president donald trump says it was a great honor to represent the u.s. at the annual bastille day celebration in paris. he said the military parade was magnificent. he went on to congratulate french president emmanuel macron. the president and first lady are now back to the united states. a federal judge in hawaii as we can president trump's temporary travel ban on people from mostly muslim nations. a judge in honolulu ruled the trump administration failed to conform with the supreme court instructions and rolling out the band. he expanded the list of family relati

shery: what about the comments from halliburton, saying that the shale boom is slowing?ou don't think that will give a boost to prices of that were true? what do you see in the shale market? >> the shale market is so difficult to read because it is highly reactive to the price. obviously the shale market has benefited greatly from the high price in the early part of the year. of course that allows a lot of shale producers to hedge production, allows them to stay in the market even if the price comes down. but if adult hedges are unwinding and they have to come into the market at a lower level, the question is how strong can shale be in a lower price environment? nevertheless, we don't see shale as being the major contributor factor to the oversupply in the oil market as we go toward the end of the year. what happens at the end of the year is you have a huge, seasonal change in demand. the demand in the first half of next year will be much lower than the second half of this year, which means that it is really a case of demand dropping in supply not dropping fast enough to

not great news if you are a service provider and halliburton is the giant. they did report a return to profitability because of the past quarter's rise in oil though it has come down as we talked about. and there were some analysts out there saying, hey, buy on the dip. yes, it was under pressure. in terms of oil rising, the commodity, the saudis saying they are going to cut, very good for the market. if we go into the bloomberg, we've talked about how opec has been cutting as the drillers have been increasing. we actually had some data from -- on from baker hughes that the rigs have declined so we could actually see these divergent paths come and meet in a way that is positive for il prices. yvonne: seems like a turning point. a lot of companies are reporting on tuesday. particularly the food chains as well as the auto makers. su: yeah. two big food chains, mcdonald's and chipotle. let's start with mcdonald's. check out the stock prices up about 25% year to date. one of the stronger performers. two years ago people were saying mcdonald's is old school, over

example, impeding american firms doing what intel, they would entail things like chevron, slumber j, halliburton pulling out of venezuela. these are fundamental for the countries oil infrastructure. it would entail at the investment of -- there's no way that they can do that without lifting sanctions which guarantees bond issues would have to pay that come the spot would have to come up with $4 billion cash so it doesn't have that. it would very likely force a default. we would probably go through, many funds would come in and try to sue in order to try to -- you could create a mess that would be very hard, it would take time. it would take a lot of time and a lot of effort to recover from that in a scenario of the transition here. >> two minutes and a half. [speaking in native tongue] >> translator: i think that pressure and solidarity are going to be the most important thing. i think that's what's going to have the best impact for venezuelans. we want peaceful transition to get out of this emergency. of course we're going to need to build a new country. and so we need support and action more t

it isn't a new process but in cheney very significantly it was one of optics and halliburton is something people have not heard of before cheney it was hugely important but not high in the branded. so appointing the ceo of excellent one of the most controversial in the world under investigation by the states' attorneys general that they had misled their shareholders because the scientists were researching back in the '70s and that each '80s but exxon was under lot of pressure when trouble pointed the co he worked there his entire working life never had worked anywhere but so it is a continuation of all of that to date cheney and at least to listen divested from exxon before becoming secretary of state. >> but as you talk about so eloquently in the book now is deal to give away to corporate america so maybe we should talk about, not even six months into the administration and what has been doing to go through the top wish list of the of fossil fuel companies and the bankers of the of military-industrial complex? letter those items that we already see the seeing corporate america?. >> i do

halliburton is a good report see what they have to say.o, too speculative. >> les in virginia >> caller: thanks for s for ta call thanks for recommending visa >> don't buy it until end of the quarter. >> caller: cypress semiconductor? >> i like cypress. i don't like the management turmoil. omar in florida. omar >> caller: booyah, jim cramer. >> yes >> caller: i got a question for you. mazer robotics >> the issue with mazeor was not the product. it was the fact that the israeli fcc raided their system. but mazeor the product, upgraded again. continues to go higher john in new york >> caller: how you doing, jim? >> good. >> caller: sarta >> it's a pipe company for forterra >> pipe sales, their actual targ owe, are way down. too much pipe involved with infrastructure let's see what newcorps says t see if there's hope for infrastructure that, ladies and gentlemen, is the conclusion of the lightning round! >> the lightning round is sponsored by td ameritrade trading platform wherever i go. you know that thinkorswim seamlessly syncs across all y

i heard nothing on the halliburton call that would disagree slumberge is the world's largest oil servicingompany. he realized oil would say down lower and longer and reconfigured the business to withstand any pricing crash. he feels there's genuine restraint among russia and saudi arabia, those are the two most important worldwide producers. second, he explains that the rest of the world, producers have so underinvested in the last three years, it would take some time to ramp back up, leading perhaps to more constrained supply and higher prices but third and most important, what was an amazing discourse, he said the united states, which only accounts for 8% of the global production, is beginning to show rational behavior. he argues that the pursuit, this is a quote from him, the pursuit of equity appreciation, which can't last forever he says many projects were funded by wall street. not by the economics for the company. by wall street these days, these deals are no longer working out nobody wants them. consider the case of parizo, which made a big acquisition and paid for it with high cos

halliburton is up by 1%. it had a very solid, very clean order.million more last year due to a racking revival -- fracking revival. a roundup seeing demand outpacing supply and better pricing pressure coming from the international segment. i want to highlight petroleum and apache. those are present in the pace starting tohas some move higher although that has fallen in the last couple of weeks. speaking of earnings, one of the highlights, where are we in terms of the u.s. versus european earnings, this might be my favorite chart of earnings these and. -- earnings season. our top panel for earnings revision and the euro stocks index, the white line is the s&p and the blue line is the euro stocks index. we see the revision downwards for european stocks well the s&p has held up and just started slowly rolling over in the past few weeks. rolling over for european equities started around the end of june. the bottom panel is how much investors are willing to pay for forward future earnings and the yellow line is the s&p. the purple line is euro stocks.

, going into energy >> but wasn't energy today just baid based on the move in oil >> yesterday, halliburton was up 4% i think yes and no google, not having the performance. when you see google down, people are betting, hey, maybe tech is not going to be great. maybe that allows us to do the rotation that everyone has talked about, in the back half of the year. everyone has avoided energy. that's the biggest upset if people buy into energy this late in the game. >> nathan, nice to have you here >> i actually have to get something out of the way i owe you a big apology. >> from the start of the show until now? like, when you first began on the show >> we were in the crux of the bank earnings. and i told you i disagreed with everything that you said you laid out a bullish case for them in a lot of ways, when you're talking about all of these earnings we've obviously had most of the bank earnings. most of them just consolidated, for all intents and purposes they weren't high expectations a couple had guided down on trading. we know that the calendar and some of that activity is weak. but with t

halliburton,like essentially pulling out of venezuela. --would entail probably forced to sell citgo. there is no way they can do that unless they pay back the bonds. if it doesn't have that, it would force default on these bonds. the country would probably go through a -- a default in which many alter one's would come in ulture funds would try to come in. it would take time. it wouldn't be impossible, but it would take a lot of time to recover from that. translator: i think that pressure and solidarity are going to be the most important thing. i think that, that is what is going to have the best impact or venezuelans. towant peaceful transition get out of this emergency. and of course, work one to need to build a new country. anda, we need support than sanctions, which could hurt the venezuelan people. yes, forl sanctions, those responsible, but we don't want to keep dying of hunger. translator: along the same lines as beatriz, i think it is important to understand if we want successful negotiations, we need to have both parties at the ta

halliburton was a company most people have not heard of before, before cheney. it's a hugely important company but it's not a highly branded company. so appointing the ceo of exxon what you go that a highly branded company bought one of the most controversial companies in the world under investigation by three states attorneys general over allegations that it had misled its shareholders about how much it knew about climate change because exxon, their own scientists against researching climate change back in the '70s and '80s and then funded climate change denial in the 1990s. exxon was under a lot of pressure when trump appointed it ceo of exxon rex tillerson put bennet exxon his entire working life. had never worked anywhere but exxon. worked there for 41 years, and so it is a continuation of all that come of that road, that same road from dulles to cheney the tillerson. and, of course, trump himself. at least tillerson divested from exxon before becoming secretary of state. trump has just emerged it seems the trump organization with the white house. >> host: e

earnings reports will begin in a couple weeks for oil services company's like schlumberger and halliburtonen exxon and chevron followed that up. if you look at earnings estimates, look at bloomberg. crude futures in blue. they have been trending lower for this year, even though they bounced off the lows recently. perthe energy's earning share estimates have been turning lower, as you might imagine with the oil prices heading lower. outside of conventional energy, we have alternative energy doing pretty well today. the solar manufacturers are seeing gains. sun power up 11%. prices are stabilizing for solar panels. that is ahead of the u.s. international trade commission decision on potential harm caused by imports. it seems that there is a little bit of pessimism surrounding whether there will be tariffs and a protection policy put in place, so there is some stockpiling of modules going on ahead of that. the best-performing stock in the s&p 500 today, up nearly 25%. they are announcing plans to shed as much as $4 billion in assets, under treasure from elliott management. it will divest pote

meanwhile, halliburton making money to be boosted by higher demand for its equipment and services inorth america. premarket at 2%. hasbro, the toymaker revenue falling short hurts the set price down nearly 5% in the premarket. why then these will be a big in the opening. the kkr infinitive brand is a cash transaction valued at approximately half the $2.8 billion for 20%. president trump senior advisor and son-in-law jared kushner is set to make his second appearance on capitol hill tomorrow. he will be busy today as well. what's he going to say? liz: did not collude or know of anyone. i have not relied on russian funds to finance my business activities in the private sector. this has to do with four minutes with russia since last year, to its russian ambassador, one with the russian bank under sanction and also the june 2016 from obama junior -- trump junior. there's about 77 incidences on his security clearance disclosures where he didn't mention certain assets. so, the house and senate intel not under oath they can share their findings behind closed doors. they can share findings w

impeding american firms doing would entail, they would entail things like chevron, schlumberger, halliburtong out of venezuela. these are fundamental for the country's oil infrastructure. it would entail divestment pedevesa forced to sell citgo. there is no way they can do that without bond issues, they would have to pay back the bonds. it would have to come upwith $4 billion cash to pay bonds. if it doesn't do that would force default on these bonds and likely force a default across the whole curve. it would go orderly default and sue pedevesa to seize assets. it could create a mess that would be very hard for pedavesa. it would take time. would it be possible? take a lot of time and effort for pedevesa to recover from transition and that scenario. [speaking spanish. >> translator: i think pressure and solidarity will be the most important thing. that will have the best impact for venezuelans. we want peaceful transition. to to get out of this emergency. and of course we're going to need to build a new country. and so, we need support, and action. more than sanctions, which could hurt the v

we'll see what happens with that elsewhere, if you take a look at the oil, halliburton is more cautious even though production numbers are still high anadarko had similar comments. saying current market conditions require lower capital intensity -- that means we're going to spend less, folks as a result we're reducing to $300 for the year. anadarko is up the discipline they're showing is helping them a little bit 35% down for the year on anadarko among the home builders it's important to note generally they've been saying the same thing. pulte came out saying demand continues to benefit from positive market dynamics and generally limited supply of homes across the country pulte, take a look you can see is trading down slightl slightly. >> a lot of these companies in the past have been doing 20% growth little bit of a slide there. highest of the day, dow up 122 points guys, back to you. >> i'll take it, bob bob pisani do want to way in now on battle for scripps networks, joined by viacom and discovery i haven't really weighed in with a report yet and wanted to do that this deal could get

trans ocean probably 59 -- halliburton was 59. i don't know what trans ocean was.obably close to $15, $16. it is half of that now. apache was a lot higher. these companies are down from where they were in the beginning of january. it's a little early for earnings season. we are not really there yet. organic sales up almost 10%. this company makes fasteners, construction equipment very big in the construction industry. they had a very good number. the problem has been a tough pricing environment. this speaks to the underlying strength of the u.s. construction industry overall. europe is up. germany is sitting at highs for the month. nice move everything up 1% to 2%. over in europe burberry surprised. autos are up. the banks are up like bnp paribas. overall good session in europe, as well. 2,453 as i recall was the old high on s&p 500. that is 12 points away. as carl mentioned we are just shy of new highs dow jones industrial average. >> thank you very much. bob pisani. yields at some pretty critical levels. let's get to rick santelli. >> not only are yields at criti

who are you looking at >> the well capitalized companies like schlumberger and halliburton and then intopanies like drill quip. >> even if oil is in the 30s >> they will be able to withstand the pain and see the other side the other companies that you might have seen have already been or worry about have been through bankruptcy court in houston and dallas, 24 months ago, when they all went marching in to get credit relief. >> if oil were to go into the 30s, michael, would that make you abandon the call or just double down on the fact, you know, it would be a temporary move and prices would ultimately move higher? >> buying these names, you know, that joe mentioned went bankrupt in the past 20 minutes some have come to market for equity offerings oil comes down this is what we like to call adult swim to use a technical term where it's -- where you have to be very tactical and you can't stop watching it not the long-term value game that joe plays in terms of doing it doesn't work this time you start over i like the quality names he mentioned the integrated oil services, the safe end of the

i think halliburton may be a buyer and i would think siemens would be a buyer and baker hughes ge, you, i am going to bring up a chart from ge. the is going back to ml -- old ceo's tenure. is the nick heymann world undervalued after what you saw the take out of french's mustard this week? we are taking up consumer companies, seven times sales. do we understand the valuation of some of these core companies? nick: right now, i think the most important thing is 1, to remove the over tank -- overhang of the specter of the reset. there is some folks talking about $1.25 in earnings instead of two dollars. we think it is in the neighborhood of $10 -- 10% or 15%. can see anf you opportunity for $20 billion on how you plug these holes, then in the cash flow, you know beidend can grow and 19 will a second issue. can you grow the company and the dividend at double digits? i think once john is out this fall, i think they will certainly be a lot more interest in the name. right now the interest we get from calls talking to clients is, how much overdone are all the naysayers? the biggest noise and t

today, we're seeing a number of stocks breaking these trends we've seen like apache, eog resource, halliburtono all these stocks are showing there's investor interest and due for a short-term bounce. we think there's a lot of overcapacity in the sector, but for the short-term, you have to like the set up. >> that's what i was going to get at a lot of this technical stuff you listed seems like it's ready for some kind of a catch up or reversal type of bounce. does it say anything, can we infer anything from the stock action this little rebound about where crude prices may go or whether in fact fundamentals are taking shape >> we've been talking about this energy sector playing this out post bubble and following it closely. similar to what happened to tech in 2000 and financials in 2007 and the bottom line is is there's still a lot of overcapacity in the sector and until you see that worked through either through consolidation or other mean, it's going to be a long-term head wind for the sector over the next year to 18 month, but shorter term, looking pretty good here. >> so, what would you be l

you have halliburton saying things like we are seeing the top, a pullback from services. and oil been hit? do we know what it is now? ed: it is actually not the marginal dollar yet, so much at is it is constraints of other sorts. i think there are two things we have to look at, the most critical at the moment could be congestion in getting material into the permian basin in particular, which has been leading the growth in the country. there really are tightness is in the market for the pumps. they are moving to a high level of capacity utilization. we are not there yet on utilization, getting that into the program basin has been -- permian basin has been problematic due to infrastructure. this part of it is temporary. on the other hand, we have price that is determination on whether production is going. quarter thee fourth opec agreement. so the price of oil went up. for deferred price going up wti above $52 a barrel. we had a record for a quarter of hedging 32017, but a like amount of hedging -- light amount of heading into 2018. the market needs a price a note at the ba

what is the flex halliburton approach get us and dr dr. schanzer, if -- if qatar acted to move all of these terrorist groups out of qatar, out of doha all together, where do they go and to mr. golden berg's point, is there some -- is there some benefit to having them there instead of in the arms of isisors in tehran? mr. goldenberg, can you help us out. >> thank you. ranking member deutsch, this is precisely the point. it's complicated. but what i would say is, or maybe i'll start with an example of hamas and quote an israeli former head of research, the former head of research for israel's military intelligence who has been up here a lot i believe also in the past talking about incitement saying just a year ago, nobody else is ready to help out but qatar when it comes to gaza. here's a perfect example of a situation that we're dealing with. we've had three wars between israel and hamas over the last few years in gaza with large casualties for palestinians large casualties for the idf and the israelis have started to realize, well, maybe w

looking ahead we'll get halliburton and an dark owe on monday, conoco phillips, shell, marathon petroleumthursday, we finish on friday with exxon and chevron. analysts are a little cautious there's a school of thought that we could see some surprises here that price drop to the $45 level while not ideal is not necessarily a danger zone for many companies if they continue to manage costs, they may beat expectations and certainly that would boost the stock market, guys >> yeah. i like -- i like that kind of analysis, though but i -- you know, the oil prices are dead in the water right now, aren't they >> right now they are. they have got a little support i still think there's going to be a little trouble going ahead, but we've had the conversation that it may not have as much of an impact on the stock market as it once did, but certainly i think if energy companies come out with strong numbers it will be a boon and a boost to get us higher from here. >> the other day i was trying to park somewhere i parked in an open space and i had to move because it had a frickin' plug there for someone.