midstream partners by the end of two thousand and seventeen. in the latest passenger airline scandal a brooklyn family is booted from a jet blue flight and blacklisted from the airline it began when a family's toddler began kicking the seat in front of her the passenger in front requested to move and it was then that things got heated the mother of the girl says that she was it was simply an issue of a cranky toddler kicking the seat in front of her but the woman in that kicked seat says the mother got deliberate the airline says it led to the mother and her family getting the boot so according to jet blue after a verbal altercation that included physical threats and profanities against a nearby customer our airports team politely asked customers to step off to discuss situation the customers. refused repeated requests and our crew members deplaned the entire aircraft law enforcement escorted them out of the gate area and we provided a refund now it's yet another case of a he said she said airlines skirmish that just can't seem to stay out of t

has an interest in it that helped us deliver our advertising product is also differentiated with midstreameo ads as well as preroll ads. >> that is noto, the coo that card said cfo then there is facebook hitting all time highs as ad sales, mobile and user growth continue to impress the street. we're joined by the former twitter ceo dick costolo, get his take on the competition. good to talk to you. good morning once again. >> thanks for having me back >> the bullish take is that revenue down 5 is better than the prior down will 8. that somehow that represents an inflection point do you think that's true >> well, i'll tell you the thing that jumped out at me from the earnings announcement was that the comment that daily active users are up double digit growth for the third quarter. so the question, and i don't know the answer to this question, but the question is, if the monthly active users are flat because they're churning weak users, people who show up once a week or once a month, in favor of new users who are coming and highly engaged, they're daily active users, that bodes well for a r

> we are in a unique situation, bringing together baker hughes and ge, we have the upstream, the midstreamhe downstream covered. the portfolio is very couple mentor a. it andem and enhancing the industrial operating system, you think about 3-d printing and some of the equipment from the power business to go gas to bridgewe've got a good portfolio where we can work with their customers. we will see there's anything else we need but at this moment, the focus is on inspiration. we are looking at the technology different tatian -- differentiation of how we can look our customers reduce the amount of our used in an operation or change the way in which it's used. oilfield services are uncertain for next year. you see in that environment? to bes still very early able to say what is happening. there is clearly downward pressure. people are calling for a longer cycle to depress prices and we got to stay relevant by focusing on what we can do. the cost perve barrel for a customers and drive that productivity? we got to be able to be relevant. but he putting together these companies, we have now crea

realize that what kind of industries will be presented in your port >> well, it will be variety of midstream and downstream industry we expect to see pharmaceutical industry, we expect to see electronics industries, and things related to aluminum because in our area we have the biggest aluminum smelter in the world. and they could benefit from the stock we offer >> how concerned is someone like china about risks emanating from the region with political instability and drop in oil prices how much confidence can you give them about the future of that region >> well, we give them many offerings. to start with location, state of art infrastructure, the connectivity we are the link between the east and the west we have direct access through major shipping lines to africa and europe and far east asia so the trade will be enhanced. after we signed last year with cosco. >> there's some confusion within the shipping industry given the qatar crisis are you letting ships with foreign flags pass through even though they're trading with qatar or is the blockade really limited to ships sailing with qatari

he was in the downstream or midstream of this industry peers of the ups and downs in the price of oil was growing his balance sheet into chaos. he could not predict things. in so, in his mid-20s he left cleveland. he traveled to pennsylvania and he subjected the early oil industry to a methodical study. he pulled out his pen and traveled from one side of pennsylvania to the other. he asked so many questions of local oilmen at the time that he actually acquired a local nickname. folks just called him the sponge. because he was absorbing the collective wisdom of the oil industry. that was a terrible mistake. because in doing so, he came to a startling conclusion in his view. i think his view was wrong. but in his view competition wasn't a benefit to the oil industry, competition was the enemy. competition was the problem. so from this idea came the conclusion if you could throttle competition, the refining sector, the thing that turns oil from a useless product into something that people need. whoever could control the refining sector could ultimately be the rule giver. could dictate pr

he was in the downstream or midstream section of the industry, and so the ups and downs of the price of oil was throwing his balance sheet into chaos. he couldn't predict things. and so in his mid 20s, rockefeller left cleveland, he traveledded to pennsylvania, and -- traveledded to pennsylvania, and he subjected the early oil industry to a me nod study. he pulled out his pun concern methodical study. he asked so many questions of local islemen at the time that he -- local oilmen at the time that he actually acquired a local nickname. folks just called him the sponge. because he was absorbing the collective wisdom of the oil industry. that was a terrible mistake. because in doing so, rockefeller came to a startling conclusioning. in his view, and i think it was wrong, but in his view, competition wasn't a benefit to the oil industry. competition was the enemy. competition was the problem. and so this, from this idea came a conclusion. if you could throttle competition by controlling, say, the refining sector, the thing that turns oil from a useless product into something that people

i prefer magellan midstream. they've been on the show mmp a cheaper, better stock, okay? let's go to marina in florida. m rina >> caller: boo-yah mr. cramer, love your show love your book i just recently retired and in june i purchased a large amount of altrea and have done pretty well do i keep it in my portfolio for the long haul or take my profits and sell >> you're fine, i don't like to recommend tobacco stocks, but they're good had the bull pullback and it goes up. it's fine. let's go to ross in pennsylvania ross >> caller: hi, jim, first of all, thank you for all you do to help us guys. >> thank you, ross. >> caller: really terrific. >> thank you. >> caller: i'd like to buy you a beer in your own place some time. >> hey, man. >> caller: you made the money, so we can spend lots with you. >> thank you. >> caller: my problem stock is win ebeg oh. bought it two years ago. it was flatlined it went up 40% i sold it and then it went up another 50%. so i'm not happy with myself. >> no, come on, the quarter was good i liked ford all the way up, and then had it the not so goo

they cannot close this midstream.e's going to, i think, take into account that if possible, he may leave and make sure there are mechanisms in place for this investigation to continue. i think the president, if that's his goal to shut the investigation down, he will be sorely disappointed. it will go on and it will be completed. >> mark preston, all of this has been happening this morning. it's hard, frankly, to keep up but paul manafort being subpoenaed to appear in public tomorrow. if he doesn't, he could be held in contempt of congress. so, what is -- what's your playbook for paul manafort? does he come? does he plead the fifth? what does he do? >> he has concern. we know he is going to go to the senate committee or we are told he will do that. i think what paul manafort has done is drawn a line in the sand. from that line, he will now try to negotiate with congress to see what he can get out of congress in terms of protection if there is need to be protected. as this subpoena is being issued or at least as we are

businesses, so they'll look at potentially floating other parts of their businesses, whether it's midstream or downstream or logistics and so on. >> it's been a real pleasure speaking to you here in istanbul thank you. osmar abid, head of oil and gas for credit suisse. back to you in the studio. >> thank you very much. >>> the news is coming thick and fast out of that conference. we'll be checking back with you later in the show, but for now, let's keep talking middle east, because u.s. secretary of state rex tillerson is in the persian gulf, hoping to help settle a dispute between qatar and its neighbors. tillerson stopped first in kuwait to speak with the amir and foreign minister he will also visit qatar and saudi arabia this week >>> well, we'd love to hear from you. why not e-hail the show? our address is streetsignseurope@cnbc.com or get in touch with us on twitter. you can follow u us @streetsignscnbc. or please, reach out to me directly @gem gemmaaction. >>> coming up, prime day is approaching, but how important is the annual extravaganza to amazon we'll find out after the break the

i think this energy trade has a little bit of ways to go we like the mlps and midstream infrastructureames there is a lot of building going on in the pipeline spice aace. and in the low cost producers, i mean we're looking at a $50 oil price over the next 12 months. you want to own the low cost producers. you want to own the guys that in $50 can earn a real healthy margin >> well, we are seeing a nice boost in crude oil wti pushing towards $50 a barrel we'll leave it there thank you guys kevin and matt, thank you. >> we are looking at some headlines out of nhk regarding north korea. let's get to sue herrera for details on that. >> indeed. thank you very much. this is according to japan's nhk media. it says that north korea appears to have fired another missile. north korea's apparent missile may have landed in what is called japan's exclusive economic zone which is in the sea where there is a lot of trade and a lot of shipping going on and fishing going on. japan's chief cabinet secretary is expected to brief the news media shortly. excuse me, peter >> confirmed by prime minister abe a

but most people in the -- in the midstream space keep thinking oh, my god, if crew goes down $35, this company -- >> they'll stop moving. >> that's not the way it works. >> they're not raising dividends anymore when that happens and they were price wise extraordinarily sensitive to the price of crude at this last go round. they crashed the whole sector was down 70% and these were supposed to be bonds. so i don't know that the attitude toward that sector will be the same next time oil seems like it's stabilizing higher i think people will just say you know what, if i have oil risk let me do what mark suggests and buy the producers. >> this is a buy, hold and pass on to people. >> i also think, josh, a lot of these companies -- yes, a lot of them crash, 40% 50,%, 60% but these levels, you're right because of the fear that they're going to crash again, no one wants to buy them. >> there's definitely a depressed multiple. >> nobody wants to buy them. when people don't want to buy things, they're on sales it makes sense when you want to buy them that way they're trading -- >> not when they'

agencies need to be able to build a record, not have that record challenged midstream but wait until it is completely built and then that rule can be challenged in court. there are proposals out there to have interim records that are part of a proposed rule challengeable in court. that prevents the agency from perfecting the record. i use perfection in quotes but to doing a better job with the record based on the feedback that it gets back from the public comment process. it actually allows challenges at an earlier stage. the way that agencies can avoid these unbalanced political dynamics actually solve real problems, is to have the opportunity to build a full record. that way it will come to a court to decide is there really evidence of benefits, is there really evidence that these benefits justify the costs, has the agency done a good job of both the costs and benefits side and make a determination based on that evidentiary record, based on the analysis. if we start leaving it to the political realm, we run into significant problems and much lower quality rule making. now i want to

your member rumors back in november of last year that bp was looking to sell midstream assets here.information in an ipo. there talking about potential assets including crude. bp saying in a statement -- obviously they are going to be reporting results on august 1. it will be a question of what else -- >> "what'd you miss?" economists have been scratching their heads over the slow u.s. wage growth in signs of being close to employment. there's actually no mystery here at all. are right where they should be, and may be headed higher. >> joining us now from west chester, pennsylvania, what are we missing here, adam -- people say this doesn't make sense does it make -- explain. >> you have to be looking at the right wage growth numbers. you looking in employment cost index. wages haven't slowed. given slowly gradually excelling. there are 2.5% now. down, noping up and volatility like you see another wage measures. thing you want to make sure -- i'm sorry go ahead. >> know now, keep going. >> the second thing you want to make sure you are looking at is the right labor slack numbers. wit

they started out with one strategy, switched in midstream, and they've had trouble ever since. now they're looking for a silver bullet late in the game, and quite frankly, i don't think there is one, neil. there's not a provision you can write that's going to unite republicans in the senate. they're simply going to have to decide whether they can unify for purposes of passing a bill, advancing the president's agenda and going on to things they want to do like tax reform. neil: all right. i know you're a numbers cruncher, and i think you've dold me the cbo -- told me the cbo is only as good as the numbers it gets. it's the only game in town, and it's taking variables that could change. it's numbers in, variables out; numbers out, variables out. having said that, the view seems to be that fewer americans are going to have health insurance ten years from now on the republican plan than would be the case with the affordable care act. now, that didn't shock me insofar as if you take away the mandate or the demand, the requirement that you have to have insurance, naturally, a lot of

if you look at the up stream, midstream, down stream and actually make the comparison of the productsies and unify them so they want us to focus on productivity, costs per barrel >> walk us through some specific examples >> so you think about the synergies and we've stated the 1.6 billion we've got out there. and it really comes by marrying the capabilities of the two companies. you think about drilling services you look at below the mud line and then being able to take it up to the completion of the well to the production of the well. then to the moving of the molecule itself. this industry is characterized by inefficiencies and down time. what we're able to do now by marrying these capabilities of oil field services and also the equipment and services is take out those inefficiencies because we can go through the whole value stream >> thafts $1.6 billion in synergies is one of the key reasons you did this transaction. you are talking about achieving it by 2012 1.2 billion of it from cost synergies and another $400 million from actual growth opportunities that come as a result of thi