there's a big time trump donor named carl icahn who has a 10 percent stake in occidental petroleum so big brother big surprise help in helping out the old buddies. yes so this is pretty good news for anybody that's like still part of the yang gang so there's a shop for us i had there yes there are people out there might feel like they're essentially now they are no i don't care very out of the race months ago i knew in that no i don't think people that are. out of camp no matter what but this is good news for some of the people who are interested in any type of universal basic income or u.b.i. so now senators brace anders and markey and senator kemal harris are pushing a bill that would give americans $2000.00. and to the adults 2000 dollars 2000 dollars per kid and it would be retroactive for march and april so i'm down with that. think it should be retroactive to the 1980 s. . i would like for that you are of a basic income is a good step forward for us to realize how late stage capitalism capitalism is well the good thing is now you have more as evidence that it's better because

ridiculous and so this actually in the case of occidental petroleum there's a big time trumped owner named carl icahn who has a 10 percent stake in occidental petroleum so big surprise big surprise yeah help and help out the old trump buddies. yes so this is pretty good news for anybody that's like still part of the yang gang so there's a shot for us yet there are people out there might be like there are things i like out there that i don't carry out of the race months ago i'm hanging in there though i don't want people that are. going to scam no matter what but this is good news for some of the people who are interested in any type of universal basic income we're u.b.i. so now senators barry sanders and markey and center kemal harris are pushing a bill that would give americans $2000.00 and adults 2000 dollars 2000 dollars per kid and it would be retroactive for march and april. think it should be retroactive to the 1980 s. . like for that. is a good step forward for us to realize how. full is a couple as well the good thing is now you have more as evidence that it's better because

occidental petroleum cutting its dividend, we should say slashing, 91%. it to one penny $.11. i want you to look at the data that you just referred to in visual form. this is the april read of how the consumer is doing. plunged 13.5%ing in the month. but we saw incomes jumping 10%, 10.5%. you see that divergence on the screen. government stimulus checks go home, but they are unable to be spent. the question is how this comes together. ofr aguilar is the senior vp equities at charles schwab. i cannot imagine of a better place to start. the question of what happens next, can we bring those data that willether -- determine how the economy unfolds from here. what is your view? omar: we are really at that fork in the road. the market seems to be very comfortable in these the shared recoveries -- talking about the equity market in general. when you look at the consumer data, whether it is consumer spending or consumer confidence, that points to the other side. -- continuesnds to to grasp with the idea of uncertainty that is getting even higher now. if you think

this was an answer to a question about his $10 billion preferred investment in occidental petroleum which has just been disastrous. all right. this weekend, though, was the stark contrast to what you are seeing on the screen just a year ago. that's this video from when team fox business went to omaha, nebraska to see thousands of berkshire shareholders lining up predawn, sometimes freezing outside omaha's chi health center arena, waiting for their chance to see and learn from warren buffett himself. in years past, we take you to the inside of what happened. they have mobbed him as he walked through the convention center floor ahead of the long hours, long shareholder meeting. this time, he sat in the arena, emptied by the coronavirus fears. also new, vice chairman and possible successor, greg abel at his side, as buffett dropped some pretty big bombshells on the investing world. here to pull out the most important ones is our buffett panel. larry cunningham, who has written, what, no fewer than five books on buffett and berkshire investor bill smead who says buffett revealed, in bill's op

occidental petroleum. >> joe >> verizon. >> thank you for watching. kelly evans picks up the coverage now. >>> thank you, scott hi, everybody. we have a nice rally on wall street as the major averages recover almost all of yesterday's losses the dow on pace to close at the highest level since march 10th the s&p crossing above the 100-day moving average for the first time since february. it's up 48 points, across the board gains of 1.5%. and oil is getting a nice boost on signs of improving demand and surprise draw down in inventories. the energy sector is the top performer in the market right now. crude up about 3%, not a huge move in size but the level $33 a barrel for that now july contract which we have rolled over to. this awaiting the results of the 20-year bond auction the first time of a 20-year auction since 1986 the treasury needs to issue a lot of debt to fund the coronavirus relief efforts we will have the latest in a moment first the latest on the markets with bob pisani. >> i'm encouraged by the action today because i see broadening of th

occidental petroleum. >> joe >> verizon. >> thank you for watching. kelly evans picks up the coverage now. >>> thank you, scott hi, everybody. we have a nice rally on wall street as the major averages recover almost all of yesterday's losses the dow on pace to close at the highest level since march 10th the s&p crossing above the 100-day moving average for the first time since february. it's up 48 points, across the board gains of 1.5%. and oil is getting a nice boost on signs of improving demand and surprise draw down in inventories. the energy sector is the top performer in the market right now. crudup

occidental petroleum falling after reuters reporting the company is offering employees voluntary buyoutsnext two weeks. occidental citing the pandemic and the steep drop in oil prices stock down more than 8%. >> all four major indices falling off today, down more than 2.3% on the s&p after cautious commentary from jay powell and david tepper have hurt market sentiment. joining us now, bill miller, chairman and cia of miller value partners thanks for joining us. >> thanks for inviting me on >> let's kick off with the broader markets. we were just discussing in the last segment that the comment from david tepper that stocks are pretty overvalued overall in his view, comparable to pre the dotcom bubble bursting where do you stand on that view of overall market valuations right now? >> i agree with david that 1999 was a much more overvalued market than this we have a bifurcated market where internet and work-from-home names have had a great year and the average stock hasn't so i think if you look at the overall market as a market, we're trading right now around 17 times the consensus on bott