is this the mother of opportunities for howard ward and big oil? d not go that far, only in the case of big oil -- exxon, chevron, and a few others -- they are having a difficult time replacing their production with new reserves. this has been a big gap that has developed in the last couple of years in their ability to do that. they can go out and acquire those reserves by buying other companies, but in terms of their ability to go out and replace the reserves they are burning up every year, that has become a challenge for them. the next 30 years may not be quite so good for exxon as the past 30 years. does unicredit have a terminal value for oil? have you guys figured out -- is it 50, 60, 70, or do you not even try? no.: what is terminal? tom: where does it dampen out to in terms of price per barrel? i think anybody gaming this is really -- we go through these phases where it breaks because of the lack of discipline on supply, and things get really desperate and they try to bind together again and be more disciplined with production. that may happe

howard ward is still with us. you brought three stock picks.p got hit very hard over the past three days, -- charles schwab got hit very hard over the past three days. what is your case for buying? it's the best large-cap growth play and financial service, as the stock has been hammered in the last couple of days. it has to do with expectations for lower rates for a longer period of time. they are growing nonetheless, comparisons are against the low rate environment. $30 vacuuming up about billion, $35 billion of assets every quarter. you have to by schwab when he gets hammered. it doesn't stay down. david: we just got to notice the whirlpool came out and said only 5% of business is tied up in the u.k.. why do you like whirlpool? mr. ward: like housing. , we continuing to recover benefit from even lower rates today. whirlpool is selling a less than 10 times earning. alix: whirlpool has had a big run since february, not counting the selloff they got sucked into. housing play has been out there for a while. mr. ward: it's come down quite a bit fr

howard ward of gang the opportunities for investment, given his political economic moment. this is "bloomberg surveillance." ♪ tom: thank you so much for your comments and the quality of our guests, the quality of the conversation over the last week or so. francine lacqua in london. i am tom keene in new york. we drive the conversation forward with the former governor of the bank of england, irving king. congratulations on "the end of alchemy." "thee are actually reading end of alchemy." i was speaking the other day with lord desai, and we were talking about his idea of an economics of equilibrium and disequilibrium. politicalclear this economic mess. is it through government policy? is it through the hobbesian idea of admiral spirits? -- of animal spirits? what is the idea to get the united kingdom back on track? lord king: the most important thing is to have a government and opposition. we have effectively lost both with the resignation of david cameron and the turmoil which is evolving by the minute in the opposition labor party. by september i am sure that will have bee

howard cosell. >>> seventieth annual tone a ward can be seen right here on cbs-3.n is likely to be the bell of the ball. marley hall goes behind the scenes with the highly acclaimed cast. >> we negotiate the terms of the surrender. >> reporter: this slice of american history is making history of its own. hamilton heads into sunday's tone a ward with the 16 nominations, more than any broadway show ever. >> it takes fighting war for to us see it is worth it. >> reporter: lynn manual miranda is creator and star nominated for best actor for his portrayal of alexander hamilton. he said awards are a thrill but so is every night on stage. >> what is exciting to be in that room every night and doing the show for those audiences every night. >> reporter: he is dueling for prize with his own stage rival leslie odom, and davey digs is nominated for best future actor. >> we wanted to build something that people would love and people love it. >> reporter: show is such a smash hit it is impossible to get a ticket outside secondary market. some seats are selling for thousands of

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