typical earnings beats, they're about 3% a look at kimberly-clark oil services giant halliburton beat by 5% maintenance firm ww granger only saw a 1% beat. they affirmed their full year guidance halliburton is off its high at the open and grainger down on weaker revenues. pricing is the key here. kimberly-clark says they were able to raise prices to offset currency costs and halliburton says the worst is now behind us he's also cliekly talking about oil prices as well so the bottom line is this if you have pricing power, you're fine. but if you don't, that means margin erosion and a hit to your bottom line. >> and they're just getting started this week. let's zero in on oil prices a little bit more. they can spiking today with crude and brent both hitting their highest levels in six months crude is now 45% this year halliburton and its earnings this morning said it believes the worse is over for the industry joining me to talk more on this is john kilduff and mike kelly welcome to you both. michael, i'll start with you because halliburton's commentary was interesting but it's not clea

halliburton becomes the first of many big oil companies reporting this week.examine the critical days ahead for the oil industry. right now, indices are relatively unchanged. the dow down 42 points. the s&p 500 up fractionally. this is bloomberg. ♪ ritika: let's get to the first word news this afternoon. in sri lanka, the government is blaming a local jihadist group for the series of deadly bombings. the attacks on churches and luxury hotels tilde at least 290 people and wounded hundreds more. christians and ford taurus work for targeted. authorities have arrested 24 suspects. they say there have been several mornings from intelligence agencies about impending attacks. iran is brushing off the trump administration decision to stop exempting countries from u.s. sanctions on its oil exports. the goal is to died i iran its printable source of revenue. it countries currently have waivers including china and india. the u.n. health agencies has at least 34 more people have died in fighting for control of libya's capital over the past two days. ring the total to 254

they're exxon which actually did poorly on its number, but the key names like schlumberger and halliburtonacing nature and never coming to life and then with crude coming off now 66 to almost 63 or below what's the thesis for being on >> as a halliburton shareholder, don't i know it? i'm with these guys. it hasn't seen anything good. >> up next, your tweets and the final call if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪ ♪♪ ♪♪ ♪♪ >>> time now for the final call. carter >> the staples have come a long way and the greatest, they put up great numbers and did not go higher. >> mike, ko, looking at the staples, they're pretty expensive and the options are inexpensive and i don't see a lot of upside and june 56 puts for 75 cents dan nathan apple reports tuesday night. we said the implied moves

and turning to earnings this morning, that is among the issues markets are watching, halliburton withith earnings this week. we will hear from technology giants facebook, microsoft and amazon. that will certainly set the tone for markets this morning. right now, oil prices are setting the tone for the markets, take a look at futures indicating a decline at the start of trading this morning. dow industrials down 58 points, the s&p 500 down 7 and nasdaq down 20 points right now. in asia overnight stocks were mixed as oil prices surged. the shanghai composite was down 1 and three quarters percent overnight because the chinese said they are going to come up with new economic stimulus for the chinese economy and that meant that we are not going to see -- they're vowing to push forward structural economic reforms instead of stimulus as growth stabilizes and trade talks make progress. that was a disappointment for mamarkets. joining me to break is down, dagen mcdowell, fox news contributor and the columnist for the hill, liz pete, and fox news contributor jonathan hoenig. thank you for being

filters down >> you have big exposure in this area concho, occidental, schlumber r schlumberger, halliburton. >> value areas of the market have lagged the market the most. historically when energy is at 130 basis points better on its dividend yield and you have oil prices confirming that profitability is likely going to be higher, not lower, for a lot of these energy companies, we see tremendous value here at some of these companies atthes levels >> we agree or disagree on the desk >> i agree and especially with the side that margaret is on as far as exploration production, schlumberger, halliburton and that side especially, judge. look at diamond offshore it jumps off the chart at me today because that's up like 6%, something like that, do. but there's a host of -- enp is where i want to be, not the other side of energy, even though i hope it works out for margaret i'm on the exploration and production side. >> and exploration and production companies really make a shift toward capital return to shareholders eog started dividend in recent form concho these are all companies that are engagin

. ♪ david: halliburton was a good friend of yours.she was on her deathbed, she asked you to run for congress. have you ever thought of running for congress and what did your children say when you said you were going to run for congress, and your husband? speaker pelosi: here is the thing. i had no interest. in our family in baltimore, maryland, my father was in congress. first grade, he became the mayor of baltimore. when i was at trinity college, he was still the mayor. the only life that we knew. we were born into a family with the valley catholic, seriously patriotic americans. proud of our italian-american heritage. staunchly democratic. that connection between our faith and how exercise our belief in the gospel of matthew were how we just treated people with a spark of divinity. each of them having worthy of respect for all of god's children. that is how we were raised, to have responsibility to other people. that is what our parents instilled in us. i wouldver ever think ever want to run for office. however, i did volunteer in t

halliburton, kimberly-clark, whirlpool all report today. closed on friday in observance of good friday. the dow did rally 110 points thursday. the s&p 500 gained 4 points,> b dreamliner factory in north carolina. it payments a picture that the company values speed over quality. boeing called the report, quote, offensive and distorted. the report noting the investigation and certification of the 737 max. that model plane was involved in go deadly crashes within five months. >>> target is once again holding a car seat trade-in event. customers can bring in any unwanted car seat until may 4th and receive a coupon for 20% off a new car seat, booster seat, or stroller. the coupon will be eligible to use through may 11th. they'll recycle any type of car seats, booster seats as well as car seats expired or damaged. >>> meantime nintendo's guy buoy is turning 30 and hasai new resurgence. reports show that nintendo has surged by 72% since april. there are almost 13,000 items online related to game boy including the different types of consoles releas

. >>> halliburton posed stronger than expected revenue in t the recenturge helped lift the global profits. >> the price in deterioration is now behindus. stock today closed at 31 prnt 09 a share. >> kimberl clark posted stronger tecn ed profits. today's shares surged the most we've seen since the financial crisis up nearly 5 1/2% to 130.25. whirlpool beat estimates for the quarter, but they issed on revenue. the two factors drove their cernings raising p and keeping costs in line. that sent the stock higher in initial after hours tradin we are ithe beginning stages of a wave of ipo's, from lyft to pinterest and many more. in their rush to go public, some companie could beacing unintended consequences. a wall street journal report sayshehat uber and lyft ipo's might lead to highe fairs as companies deal with addedsu prs to turn a profit. then there are, of course, the quarterly earningsreports. the forward guidance, all of which some critics say can lead to short term thinking by management. some question whether going path is always the bes to success for some companies. joining us tonigh

halliburton. what do you do heading into earnings he wants to know if you sell it into earnings or hold out. and weigh it with some of the uncertainty in the oil market. >> i have got into that one as well like so many other ones where the unusual activity got my attention but i bought the stock because i liked the fundamental story. this is one of the biggies we talk about halliburton, and because of that, i like the stock, i think it's relatively inexpensive and i can sell calls against there to bring in some premiums so i'm going to continue to do that so i'm not going to exit out because i'm not worried about earnings >> sarat, you've been building positions in big names >> barbell strategy, same as steph, we own chevron and royal dutch and on the other side is apache and pioneer if you get where you're talking about, the economy stabilizing, this is going to be a sector that's really going to do well >> let's get the headlines with con at the sce contessa brewer. >> thousands of students in a

>> halliburton shareholder here, don't i know it? i'm with these guys.ything good m copping out of it, and i don't exami expect it soon. >>> up next, your tweets and the final call i don't know what's going on. i've done all sorts of research, read earnings reports, looked at chart patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪ travel and dining now kayak and opentable let you earn travel rewards every time you dine. with just one reservation on opentable, you can start saving money on hotels with kayak. get started at kayak.com/diningrewards. >>> netflix made a debut 5.5 million shares at $15 a pop. >> netflix up 11%. they'll mail you a dvd. >> how does this system work >

and now finally we have like a really interesting report out from halliburton saying that they expect international offshore drilling this year to rise double the estimates of slumber jay. fourteen percent actually so right now i think u.s. is trying to reduce its dependency on foreign exports but we're currently importing about a little less than ten million barrels of oil a day so is there actually a dent being made by the after of drilling will there always be a dent yes absolutely i would say think about it again it's not just the offshore drilling there's offshore drilling but also is an immense amount of fracking going off on throughout the dakotas in the u.s. and what has not yet opened up but when that does they'll be even more oil what we've done is we've made sure that there is that extra production and we don't forget we have extensive reserves and my last comment is look kristie no incumbent wants a price of oil to increase the average person. and including me you everybody all of us we all know what the price of gas is at the pump why do we know because it's something tha

the only one that has reported lower is halliburton. going forward they still face a .umpy road senior market analyst ashley peterson is here with me in the new york studio. great to have you with me. -- thatheard that the president trump does not want to renew these waivers which is surprising because you would think he would not want these prices to rise. will these gains be sustained? >> it was a high-risk maneuver for president trump to get rid of the waivers on these sanctions. beains are unlikely to sustained at these levels but it will get support through this week. now the question is, what does opec-plus do. they could easily come in and fill the gap caused by any reduction in iranian exports. will happen tot these iranian countries receiving iranian oil. iranian exports mostly went to turkey,lso to japan, and india. we could see these waivers expiring. you can't really overstate that it will go to zero immediately. there are banks in china that could handle these transactions and allow the flow of oil still without being subje

and with the wells that are drilled but uncompleted, that's good for halliburton.ny we are watching is tesla. for more we have craig erwin, the managing director and senior analyst at rauf, who has a neutral rating on the stock. i'm particularly delighted to have you because we have been quoting you all morning long about the couples counseling. why do panasonic and tesla needs couples counselee's -- couples counseling? >> it's always disconcerting when two big companies have a public argument. to carry some of the blame of the shortfall for the model three and i understand that panasonic is unhappy about the losses in the vat and the want for that to end in the near-term. david: does this is like it's been a bad deal? >> know, it has helped to identify them as the world's leading battery company from a supply chain standpoint and has done good for the poor of their battery business. just try and thing overall is a company. it's good for panasonic. obviously, tesla chose the world's best group and electrochemistry. it has given them what is needed win-win so it has

flat profits -- i'm sorry, flat sales but profits tripled at halliburton.ional gain, about 1% higher. look at kimberly-cloosark. they are making more money because they are charging more for diapers and whathave you. they are up 4%. >>> a change at the top of kraft-heinz. they are switching their ceos. the market likes it. up 1.33% at $33. >>> we are up at $65 a barrel after secretary of state pompeo ended waivers for iranian oil exports. jeff, look, to me, this is not about the price of oil. it's about the future price of gas. i see $3 a gallon coming. what say you? >> i think so. i think to remove these sanctions makes it pretty obvious that even from a psychological perspective, we are going to see oil prices move up, gas prices move up. whether or not it affects the consumer remains to be seen. but it's certainly going to happen. stuart: $3 gas, keith, what do you say? >> i think that's probably likely. i would also say that's probably likely for a very short period of time. we will see compensating output from here, we will see compensating output from

netflix, general motors, ibm, chevron, eli lilly, delta, occidental petroleum, honeywell, prudential, halliburton, whirlpool, and goodyear. meanwhile, democratic presidential candidate senator elizabeth warren has introduced a proposal called the "real corporate profits tax" to force companies to pay a 7% tax on all profits over $100 million. senator warrrren outlined the pn on thursday on msnbc. >> the simplicity of it is papat of what t makes it work so well and makes sure no giant corporation in thiss country ges away with paying zero while small companies a and families e having t to pick up p the tickeo run the country. amy: the trump administration has refused to allow prominent palestinian human rights to enterar barghouti the united states. barghouti is co-founder of the boycott, divestment and sanctions movement or bds. in a statement barghouti said -- , "this u.s. entry ban against me, which is ideologically and politically motivated, is part of israel's escalating repression against palestinian, israeli and international human rights defenders in the bds movement." barghouti was schedu

halliburton was helped by a recovery in international demand and the stock is up 3% this morning. >>>ops for pinterest and zoom on their first trading days now interest is turning to uber. leslie picker is joining us now with more. >> good morning, melissa to put things into perspective, uber's ipo will be five times the size of pinterest's and zoom's ipos combined the company is expected to float about $10 billion worth of stock, making it the largest u.s. listed tech ipo since alibaba's deal in 2014, but executing larger ipos can require a little extra love and attention from its advisers. even with a brand name like uber with a global business in ride-hailing, food delivery and freight, selling $10 billion worth of stock is no easy task for one, uber is already discounting its valuation. it's seeking to bring more investors in the door. the company had initially aimed for $120 billion, but sources say it's now aiming for $100 billion or maybe even less than that the company also needs to find investors who will stick around for a while. some larger deals, namely lyft and even faceb

is earnings it is a huge week for earnings today you have perhaps the oil story being told via halliburton. we have many big other names to watch this week including coca-cola, facebook, boeing, at&t, amazon, chevron and exxon along with many, many others now that you know what is ahead, let's try to figure out what it all may mean because the question that everybody seems to be asking is a very simple one with earnings growth dropping fast, why have stocks continued to go up let's get some answers jay jacobs from global x funds joins us now good morning it is a good question. earnings growth rates, it's still growth, but growth rates have come down dramatically. why are we just 1% all time highs? >> because this is a policy driven market right now. the market cares way more about what the market is doing versus what it's doing. the fed said we're going to be very dovish. we're not going to roll off the balance sheet. that was enough. that mattered way more than people's expectations for earnings. >> we have a huge week for earnings if you had to put two sides on that market scale, you hav

. >> of course >> caller: hey, jim, hey, is it time to buy halliburton?the house of pain. >> is it time to move into the house of pain? i don't know i don't even want to sublet there. pete in new jersey pete. >> caller: jim, what do you think about eagle pharmaceuticals? >> i think nothing of it i don't like pharmas at all. a big old pass on that how about manuel in illinois. >> caller: jim, i just want the your shouts on six flags made the dividend sound safe your thoughts. [ buzzer ] >> inconsistent, inconsistent says the diplomat in me. how about kevin in illinois. kevin. >> caller: boo-yah, jim. kevin from chicago, illinois, the shoulder of big shoulders and narrow goalposts. >> and jordan howard which one? >> caller: my stock is cars.com. >> what tien said, we're going to lay low it's pristine and perfect. glen in florida. glen >> caller: hi, mr. cramer. how are you? >> good. how are you. >> caller: thank you, i'm good i saw your interview with the ceo of micron. i crunched the numbers a bit and bought it. p/e of 4, earns 10.65 a share. >> right >> c

the companies include amazon, netflix, general motors, chevron, delta, honeywell, prudential, halliburtonirlpool, and goodyear. elizabeth warren recently introduced a proposal called the real corporate profits tax to force companies to pay a 7% tax on all profits over warren $100 million. ououtlined the plalan recently n msnbc. >> it is just t if you have more reported million in after-tax profits, the 100 millioionth and first dollar should be taxed at 7%, and they go straight across the board. thee simplplicity of it is papaf whatat makes it work so well and makes sure no giant corporation in this country gets away with paying zeroo while small companies and families are having to pick up the ticket to run the country. amy: that is elizabeth warren. we hope she will join us on democracy now! we hope all those who are her friends and close circle will your that message and she herself. but we're joined now by nobel prize-winning economist joseph stiglitz. his latest book, "people, power and profits: progressisive capitalism foror an age of discontent." what about this? >> it is like anan

weak and individual stock stories and elsewhere, other names down 30% for their 52-week highs and halliburtonchlumberger they still haven't recovered and big retail nameses like macy's and nordstrom and l brands there's definitely damage out there. melissa, back to you >> thank you bob pisani at the nyse are any of these names a buy at this point bob gave you a plethora of names. >> i have to go from bob's list and i had to be paying attention to bob and i was biogen, is biogen just a non-entity no biogen is more than an alzheimer's project. i get it alzheimer's, the holy grail. nobody has figured it out out there and biogen hasn't either and they report tomorrow after the bell and whatever forwar forward-looking guidance is critical and i think at $230 the valuation is too cheap now that being said, not only did they do it to themselves with the alzheimer's project and obviously health care in general has been getting bludgeoned and biogen out of all of the games he bik sipick side most interesg they announced disappointing earnings and the stock is mituc higher from there and if they were t

halliburton talking about uptick in capital investment, offshore drilling equipment. things tend to bode well for durability in terms of the profit story and the quality of upcoming cash flows. even if you are up five, that is still good. alix: i want to talk about what is in pricing. this is the s&p forward earnings estimate, the blue line -- excuse me, the white line, versus the blue line, which is forward pce ratio. how do you square that? christopher: first of all, we are in a place where operating leverage is relatively high. companies' fixed costs are relatively low. that is the profit durability story. in terms of valuation, we are world.n the ang inflation is low. where up in a u.s. equities, given the fundamental drivers and growth numbers, are still relatively attractive. the business model is very important. it has been a while since the china growth story had a negative and cap -- negative impact. alix: citi said, "equities continue to rise despite over exuberance." fear of missing out could push the index to or above the previous all-time high. is that wh

take a look at the roster of countries such a report right behind halliburton. they did have some 20 results. they have a bumpy road ahead and see growth at a slow pace. they see the bottom price deteriorating. let's get more on that wheel story. president trump's decision to has upset some. watching from tokyo, what is the impact we are expecting for asian oil can numerous? -- consumers? >> they were really caught off guard by this. many of them expected the waivers to be extended to some degree or in some manner. i think the immediate impact for them is that they could see prices. we spoke with a refinery who said they are looking for alternative supplies. they believe that they can find supplies. i think, clearly, that is one impact you might see for these countries. one other facet to this, on the other side of the globe, u.s. oil producers gain market share yesterday after this announcement. abel tried to expand market share. that mayu.s. producers see a benefit. shery: president trump would not have let these waivers expire if they had not gotten commitmen

halliburton with small amount.oing up, the analysts are going to be wrong everyone thought there is going to be a slow glow down so on january 1st, they had 41 cents. they dropped it all the way down to 29 cents in a few weeks those numbers are too low thousannow. oil stays up around here people have been saying why don't we get better out performance. if you look at the s&p, we are up 16% the sector is 17%. crude is up 40%. that's only up 20% and i think brian hit it on the head earlier today when you got oil going from in the middle of the year of $42 and $75 and $65. it is hard to plan when you have oil bouncing around that much. speaking of hard to plan, we have terrible performance in the healthcare sector. this medicare for all issue gotten away from the whole sector right now and of course concerns about drug prices we have two things here and this is essentially flat for the year of course all of the managed care stuff and molina if you take a look and anthem and some of the bigger names. they're you will t