les moonves will be joining us on a first on cnbc interview with reaction. let's meet today's starting lineup, john and pete najarian as well as stephanie link. "the wall street journal" reporting that the u.s. is about to reverse a four-year decade ban on oil exports by allowing two companies to sell a type of crude overseas. our traders have been all over this energy trade. no surprise here. we're seeing a breather after massing riff junes, all-time highs, 52-week highs in a lot of the space. >> this is good news but it's more of a longer term event. we don't know the time of this that will get out in the marketplace. they have to distill it and stabilize it. the brookings institute estimates they can get 700,000 barrels a day next year out there. that's a good thing, too. it's not really the reason we own these stocks. we own the restructuring stories. the underlying commodity is volatile. we like a marathon. we like an occidental. we like ensco which is the deep water play, really beaten up. we like special situations in energy but we're staying overweig

. >> there is les moonves, giddy about this decision.oes this focus on copyright was interesting, there was little discussion at all about their responsibility as broadcasters to broadcast? >> this is selfish on their part. this is content already out over the air. they are not being paid in the first place. the notion they are experiencing losses or concert they are already distributing is nonsensical. this is zany style. it is punk behavior on the part of the broadcasters. it serves no one in reminding people what a pain they can be about points like this. >> thank you very much. google kicks off its developers conference today. the latest announcement from google, next. ♪ >> welcome back. i'm cory johnson. this is "bloomberg west." google wrapping up their first day of their developers conference. the search giant unveiled a new version of android for smartphones. other highlights, a new android television. jon erlichman in san francisco at the event. he joins us. >> some members of the media were moaning about how long this keynote p

besides this being a big morning for les moonves, what do you think the broader response is? .> my last name is brigman what you have here is a decision from the supreme court that the broadcasters' side and attempts to contain the damage to cloud computing by saying although we are interpreting the copyright act in a way that would reach cloud computing, we are not going to go there. we will set that aside. i just have to think that cloud are readingmpanies this and are not happy. even though the supreme court is trying to limit the scope of the decision. you are worried this is going to have collateral damage. >> justice breyer, who wrote the decision, and the other justices are trying to limit the scope, they have done an awful job. they have interpreted the transmit clause in the way broadcast companies asked. come -- that raises problems for countries like broadcast, they are doing the same thing at a conceptual level. >> they are saying this decision should not affect cloud computing industry, but it will because of the way that the supreme court justices interpreted th

david faber by the way is going to have les moonves coming up in the next hour. >>> welcome to the "halftimes game plan, the incredible shrinking economy. first quarter gdp plunges the most in five years. is it a game changer for your portfolio or nothing more than stale data? google mania, he are expecting tons of announcements. will there be a watch for android or cars? we'll bring you the headlines, live. he's a two-time nba mvp. but the l.a. lakers steve nash isn't only here to talk hoops. he's actually talking soccer. his take on the bite heard round the world cup. his cri