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Oct 2, 2023
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that's pippa stevens. last chance to weigh in on the question of the day.the best performing sector, tech, energy, diskregszary or financials? the results after the break. ♪ ♪ ♪ >>> the results now of our question of the day, we asked which will be the best performing sector in q4. the majority of you said technology. up next, tesla deliveries are missing the mark. we'll break down the numbers and how it's impacting the ev space today, plus what instacart's sharp slide could mean for the upcoming ipo pipeline. those stories and much more when we take you inside "the market zone." nice footwork. man, you're lucky, watching live sports never used to be this easy. now you can stream all your games like it's nothing. yes! [ cheers ] yeah! woho! running up and down that field looks tough. it's a pitch. get way more into what you're into when you stream on the xfinity 10g network. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and u
that's pippa stevens. last chance to weigh in on the question of the day.the best performing sector, tech, energy, diskregszary or financials? the results after the break. ♪ ♪ ♪ >>> the results now of our question of the day, we asked which will be the best performing sector in q4. the majority of you said technology. up next, tesla deliveries are missing the mark. we'll break down the numbers and how it's impacting the ev space today, plus what instacart's sharp slide could mean...
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Oct 5, 2023
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pippa stevens is standing by with that. -year low after a cyberattack. we've got all the details coming up next. (birds chirping) go. and go and go and go. ( ♪ ♪ ) but what if you... stop? you work hard, it's time for a bank that'll work hard for you. everbank brings security and a guarantee that you'll earn a yield in the top 5% of competitive accounts. going, that's what got you where you want to be. we're the partners for your next move. everbank. advantage, you. in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses everbank. move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. >>> we're about 15 away from the close and get back to pippa stevens for a look at the key stocks she's watching. >> clorox hitting its lowest level since
pippa stevens is standing by with that. -year low after a cyberattack. we've got all the details coming up next. (birds chirping) go. and go and go and go. ( ♪ ♪ ) but what if you... stop? you work hard, it's time for a bank that'll work hard for you. everbank brings security and a guarantee that you'll earn a yield in the top 5% of competitive accounts. going, that's what got you where you want to be. we're the partners for your next move. everbank. advantage, you. in the u.s. we see...
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Oct 20, 2023
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pippa stevens. mike, i'm looking at sector performance. the worst is discretionary.ure tesla is a big part of that. elsewhere industrials down just about 3%, tech down 3%. i mean, you've really had broad-based weakness if you want to call it that. material is down just about three. financials down just about three. utilities down two. pick your spot. >> for a long period of time, even after the market peaked in july, the s&p 500 peaked at that point, it was possible to say, and i was saying it, that cyclicals have still maintained their leadership off the october lows. the credit markets remain relatively firm and not giving you something new to worry about. and i think you've been able to punch some holes in that idea. the average stock is absolutely taking on a lot of water. equal weighted discretionary is now 16% off its highs. it is down almost 2% for the week, and 5.5% month to date. you're losing a lot of that. part of that, home builder related stuff, anything housing related. one thing we cannot -- we don't have to debate in terms of the effect of monetary po
pippa stevens. mike, i'm looking at sector performance. the worst is discretionary.ure tesla is a big part of that. elsewhere industrials down just about 3%, tech down 3%. i mean, you've really had broad-based weakness if you want to call it that. material is down just about three. financials down just about three. utilities down two. pick your spot. >> for a long period of time, even after the market peaked in july, the s&p 500 peaked at that point, it was possible to say, and i was...
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Oct 12, 2023
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pippa steven ss here with that. >> there is more trouble in the staples sector with hormel sitting itsoyees voted to ratify a contract that includes the largest wage increase in hormel's history. separately, executives are laying out long-term financial targets at the company's investor day today and the street is underwhelmed, those shares down 11%. and keurig dr. pepper is hitting multiyear lows as bernstein cuts its price target to $37 per share ahead of earnings in two weeks. that follows citi reiterating a n neutral rating citing lower coffee volumes. those shares down nearly 5% today. >> we'll see you in just a bit. >>> we're following the latest developments out of the sam bankman-fried trial. our own kate rooney is outside the courthouse with the latest. >> karen ellison is done testifying. we're waiting for her to leave the courthouse behind me. you may see her walk out during this hit, but the defense team today really looking to show inconsistencies in her testimony, unclear how the jury will react, but it was a bit hard to follow in the morning, especially they did not appe
pippa steven ss here with that. >> there is more trouble in the staples sector with hormel sitting itsoyees voted to ratify a contract that includes the largest wage increase in hormel's history. separately, executives are laying out long-term financial targets at the company's investor day today and the street is underwhelmed, those shares down 11%. and keurig dr. pepper is hitting multiyear lows as bernstein cuts its price target to $37 per share ahead of earnings in two weeks. that...
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Oct 23, 2023
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that we're going to hear for m&a in the energy sector or is this just the beginning. >> which pippa stevensre either of the deals that pippa was just telling us about, going to get through the regulatory door. >> from real big picture perspective it seems like, the two biggest u.s. majors making relatively sizable deals would probably invite some scrutiny. maybe the administration would want to find rationale to block them. is a commodity business literally. it is not like there's consumer pricing power. their very small percentage of overall production, you know, no matter how much they buy. i just wonder how much of a fight it will be. i think it's interesting from a corporate strategy point of view, though, the idea of kind of trying to buy your growth as opposed to invest yourself. the other -- it looks a little bit reactive on chevron's part. not to really step around that because -- >> which is why we asked the next obvious question. >> they were talking before hand. they talked to a lot of people, and taking at no premium, what does it mean for the exploration production companies st
that we're going to hear for m&a in the energy sector or is this just the beginning. >> which pippa stevensre either of the deals that pippa was just telling us about, going to get through the regulatory door. >> from real big picture perspective it seems like, the two biggest u.s. majors making relatively sizable deals would probably invite some scrutiny. maybe the administration would want to find rationale to block them. is a commodity business literally. it is not like...
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Oct 13, 2023
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to pippa stevens and the key stocks she is watching. >>> boeing is under pressure after saying it willof its ongoing inspection into a production defect on its 737 max 8 model. the problem was first identified in august and involves parts from its supplier, spirit aero systems. both stocks are lower today. and chip makers are mostly in negative territory with the smh semy etf now trading along the flat line for the week. nxp, marvell among the biggest decliners. applied materials and lam research firmly in the red even as both stocks were upgraded to buy. >>> reuters reporting starboard value bought shares of newscorp. getting a little pop on that news. >> pippa, thank you. >>> the last chance to weigh in on our "question of the day." do you think the bulls or the bears are right? vote @cnbcclosing bell on x. some things are good to know. like...where to find the cheapest gas in town. and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid, you may be able to get more healthcare benefits - through a humana medic
to pippa stevens and the key stocks she is watching. >>> boeing is under pressure after saying it willof its ongoing inspection into a production defect on its 737 max 8 model. the problem was first identified in august and involves parts from its supplier, spirit aero systems. both stocks are lower today. and chip makers are mostly in negative territory with the smh semy etf now trading along the flat line for the week. nxp, marvell among the biggest decliners. applied materials and...
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Oct 3, 2023
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pippa stevens. >>> high-yielding parts of the market have not been a place to be lately. >>> ahead on "power lunch," spinning wheels. why the uaw strikes put a dent in car sales. or could accelerate them for now at least. we'll get the last rd teeaon the auto market after the break. this is spring semester at over 13,000 us school districts, which have become top targets for ransomware attacks. but there's never been a reported ransomware attack on a chromebook. which is why thousands of schools like the fairfield-suisun unified school district switched to google tools for education. so they can focus on teaching and 22,000 students can focus on learning, knowing that their data is secure. ( ♪♪ ) >>> automakers today reporting their september sales numbers. of course, the strike hanging over the entire industry right now. let's bring in phil lebeau with some numbers. hi, phil. >> reporter: hey, tyler. you know, the strike was only last two weeks of september, so impact on september, limited. impact on q3 sales not seen. let's start first off with general motors seeing increase of 21%
pippa stevens. >>> high-yielding parts of the market have not been a place to be lately. >>> ahead on "power lunch," spinning wheels. why the uaw strikes put a dent in car sales. or could accelerate them for now at least. we'll get the last rd teeaon the auto market after the break. this is spring semester at over 13,000 us school districts, which have become top targets for ransomware attacks. but there's never been a reported ransomware attack on a chromebook....
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Oct 18, 2023
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and we sent pippa stevens to virginia beach to get a firsthand look there. >> reporter: i'm still gettingg back a dry land. we spent all day yesterday on a boat touring the company's offshore wind farm just 27 miles directly behind me out to sea. and right now, there are just two turbines in the water. but eventually there will be more than 170 each over 800 feet tall supplying power for some 660,000 homes. now, this project takes highly specialized quimgt d equipment manpower all of which is expensive. total cost is $10 billion but the "inflation reduction act" provides about $3 billion in tax credits. next phase of construction begins soon. the foundation that supports the turbines are on their way from germany as we speak. dominion relies on european suppliers right now because domestic supply chains for offshore wind don't exist today. but their ceo said the project has the potential to change that. >> these suppliers have been looking in the united states to expand their facilities so take those existing designs and let's start building them in the united states. so it has to start s
and we sent pippa stevens to virginia beach to get a firsthand look there. >> reporter: i'm still gettingg back a dry land. we spent all day yesterday on a boat touring the company's offshore wind farm just 27 miles directly behind me out to sea. and right now, there are just two turbines in the water. but eventually there will be more than 170 each over 800 feet tall supplying power for some 660,000 homes. now, this project takes highly specialized quimgt d equipment manpower all of...
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Oct 27, 2023
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pippa stevens. >>> shares of amazon rising 6% today following its earnings though many people still thinkf amazon as an e-commerce company, it's the cloud and a.i. businesses that really drive the stock. let's get to deirdre bosa for more hi, dee. >> tyler, we may have to think more about that e-commerce core in the months ahead. last night andy jassy, the ceo, did put to rest some of the biggest concerns about its cloud business growth at 12% it was flat year over year so, analysts in the street are hopeful that's going to be on the upswing once again however, i would point to its revenue guidance that came in about $3 million light in the midrange of that guidance. that may raise some questions about the quarter ahead. this is supposed to be amazon's blockbuster quarter with lots of holiday shopping events. including its own prime day, which we just had. that is the opportunity to really tell the street whether it continues to sort of maintain the market share it has or if there's more competitive forces. that's going to be something to look at. i will say, though, that profitability ha
pippa stevens. >>> shares of amazon rising 6% today following its earnings though many people still thinkf amazon as an e-commerce company, it's the cloud and a.i. businesses that really drive the stock. let's get to deirdre bosa for more hi, dee. >> tyler, we may have to think more about that e-commerce core in the months ahead. last night andy jassy, the ceo, did put to rest some of the biggest concerns about its cloud business growth at 12% it was flat year over year so,...
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Oct 13, 2023
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pippa stevens has more. >> that's right, and wti is up 3.5% today wrapping up a volatile week as the market focuses on the war's escalation and as well as the first enforcement of g7 sanctions against russian oim. treasury imposed sanctions on two shipping companies that it said violated the press cap by carrying russian oil priced above $60. from the start the intent was not to take russian oil off the market completely, but rather to limit their oil revenue. still in a very tight global market, any threat to supply will have an impact. but it is the israel/hamas war that is driving prices especially with the wild card of iran including unconfirmed reports that hezbollah may become involved. rbc also noting that as the war escalates, the white house will likely come under significant pressure to tighten enforcement of the sanctions against the nation. finally, bok financials dennis kistler telling me there is also short covering going on with wcht ti moving back above the 50 day moving average. and with so much uncertainty, traderses don't want to be short going into the weekend. >>
pippa stevens has more. >> that's right, and wti is up 3.5% today wrapping up a volatile week as the market focuses on the war's escalation and as well as the first enforcement of g7 sanctions against russian oim. treasury imposed sanctions on two shipping companies that it said violated the press cap by carrying russian oil priced above $60. from the start the intent was not to take russian oil off the market completely, but rather to limit their oil revenue. still in a very tight global...
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Oct 12, 2023
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so, let's bring in pippa stevens with more on that story and the changing dynamic of the u.s.haven't seen a big response in oil prices given that neither israel or gaza is a major producer. even if the conflict were to spread into the middle east it's likely we'll see an embargo. and also the world is a little more insulated to any energy supply shocks. if you look at the u.s. specifically, our production, we have a sharp production hovering around 13 million barrels per day, which is a record high. and much of that is of course is thanks to the shale boom. and shale oil is short cycle. you can bring it online in six to nine months. in the 1970s it was deep water wells. you can see our production around 13 million barrels per day. as the production that is increased so have exports. now when you take oil and petroleum products together, we're exporting more than we are importing. and that was the,er for the first time a couple of years ago, that happened. the u.s. is more insulated. that said, this doesn't tell the whole story. we still imported last week about 6.3 million bar
so, let's bring in pippa stevens with more on that story and the changing dynamic of the u.s.haven't seen a big response in oil prices given that neither israel or gaza is a major producer. even if the conflict were to spread into the middle east it's likely we'll see an embargo. and also the world is a little more insulated to any energy supply shocks. if you look at the u.s. specifically, our production, we have a sharp production hovering around 13 million barrels per day, which is a record...
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Oct 20, 2023
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our pippa stevens has more on that move and what it might be telling us about the industry, pippa. >> that's right, carl. shares are tanking 31% after the company said q3 revenue at the midpoint will be 20% lower than prior forecasts with q4 also impacted thanks to what the company said was, quote, substantial unexpected cancellations from distributors in europe. essentially companies ramped up output to meet what had been very strong demand, but that demand has slowed, meaning there is a big excess of product. perhaps even more importantly, solar edge said gross margins for q3 will be between 20% to 25%, down from the initial 31%. the company didn't elaborate, but reading between the lines it seems they've had to cut prices. and wall street is unimpressed. goldman, b of a, deutsche, oppenheimer all downgrading the stock. some pretty dramatic price target cuts as well. goldman taking it down to $131 from $254. backe of america going from $146 to $65. we've heard the solar industry isn't looking so hot. the issue is the bottom keeps getting moved out. meaning, carl, there is just not a
our pippa stevens has more on that move and what it might be telling us about the industry, pippa. >> that's right, carl. shares are tanking 31% after the company said q3 revenue at the midpoint will be 20% lower than prior forecasts with q4 also impacted thanks to what the company said was, quote, substantial unexpected cancellations from distributors in europe. essentially companies ramped up output to meet what had been very strong demand, but that demand has slowed, meaning there is a...
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Oct 6, 2023
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simpson -- stories with pippa stevens. >> gm makes a new counteroffer to uaw.ard the team members to thrive in the future. that comes at shawn fain is set to update members on talks at 2:00 p.m. today. fain has previously used the updates to announce new strike locations. it is unclear if that is the case today. >>> the white house is moving closer to setting up a face-to-face with president biden and chinese president xi jinping. according to reports, the administration is working on plans for a november meeting in san francisco during the apac summit. the potential sit-down which needs to be approved by officials in beijing comes after xi skipped the g20 summit last month. >>> and the s.e.c. is suing elon musk over the purchase of twitter. attorneys say musk failed to appear for testimony last month as required by the subpoena. the s.e.c. says the investigation is focused on anyone committing securities fraud in purchasing twitter shares last year as musk was buying stock in the company. frank. >> thank you, pippa. >>> the countdown is on for the monthly jobs
simpson -- stories with pippa stevens. >> gm makes a new counteroffer to uaw.ard the team members to thrive in the future. that comes at shawn fain is set to update members on talks at 2:00 p.m. today. fain has previously used the updates to announce new strike locations. it is unclear if that is the case today. >>> the white house is moving closer to setting up a face-to-face with president biden and chinese president xi jinping. according to reports, the administration is...
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Oct 25, 2023
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pippa stevens has this report. >> oil prices are higher today, but bank of america said the market isng too sanguine around the breakout of the war they said if the conflict remains in l.a. law/gaza, and then in the unlikely event that the straight of hormuz were to be closed they there's a flow in that i production kits, as well as the united states refilling the petroleum -- about 100 billion of historical highs, so there is still room. however, people are not going full in yet. they're going up site by buying calls, because there is so much i certainty in the market. one clear downward movement is down power. >>> it does mean their costs good sold were higher than expected while this amount is not this much on the face of it, the issue is they are approaching a key level that could breach a cov covenant they are in talks with their learneders, but the threshold is $100 million in liquidity. >>> what could breach the covenant >> it depends on the different lenders, but there are different triggers in place. they're working with lenders on waivers that could account for some things.
pippa stevens has this report. >> oil prices are higher today, but bank of america said the market isng too sanguine around the breakout of the war they said if the conflict remains in l.a. law/gaza, and then in the unlikely event that the straight of hormuz were to be closed they there's a flow in that i production kits, as well as the united states refilling the petroleum -- about 100 billion of historical highs, so there is still room. however, people are not going full in yet. they're...
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Oct 26, 2023
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billion whose's next that's after a break >>> chevron and exxon both spending big on acquisitions pippa stevens has some names that might be next >> we're seen this enormous wave of acquisition there's been $474 billion worth of deals, and of course, you can see how much larger this has been before. the permian basin is where a lot of people have been focusing on a slightly smaller scale, matador. now that chevron and exxon have both done two transactions this year, so they're presumably off the table a bit. conoco has moved from being an acquired to an acquirer. so a lot to watch, a lot of activity >> so look for totale in europe, and conoco in the u.s. as acquirers? >> yes, those are the two biggest ones that could acquire a large-cap u.s. company also, there could be smaller moves as well. >> i'm sure it's not -- maybe in some cases, piece by piece, but overall it's there is there a takeover premium being put in there on the hopes or expectations that maybe they're the next target? >> the one thing about that is all-stock purchases. that's kind of the executive thing, we're not sure about wh
billion whose's next that's after a break >>> chevron and exxon both spending big on acquisitions pippa stevens has some names that might be next >> we're seen this enormous wave of acquisition there's been $474 billion worth of deals, and of course, you can see how much larger this has been before. the permian basin is where a lot of people have been focusing on a slightly smaller scale, matador. now that chevron and exxon have both done two transactions this year, so they're...
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. >>> let's go to pippa stevens with the latest. >> we have northrop and general dynamics up 2% and 5%d the conflict in the middle east. defense stocks here are rising in pre-market trading. we will bring you the latest from there. frank. >> pippa, thank you for that. pippa said the defense stocks are moving higher. we will watch other parts of the market that may be respond together conflicts over the weekend. >>> straight ahead on "worldwide exchange," how the conflict in israel is ramping up the response to get a easpker in washington. we will have latest when "worldwide exchange" returns. icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. hi, i'm jason. i've lost 228 pounds on golo. ♪ so you can rise from pain. changing your habits is the only way that gets you to lose the weight. and golo is the plan that's going to help you do that. just take the first step, go to golo.com. this is a clustomer. it happens when marketers group all their customers together. mailchimp uses real-time behavior data so you can pers
. >>> let's go to pippa stevens with the latest. >> we have northrop and general dynamics up 2% and 5%d the conflict in the middle east. defense stocks here are rising in pre-market trading. we will bring you the latest from there. frank. >> pippa, thank you for that. pippa said the defense stocks are moving higher. we will watch other parts of the market that may be respond together conflicts over the weekend. >>> straight ahead on "worldwide exchange,"...
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our pippa stevens is in virginia beach with a look at one project that's just getting off the ground.od morning. >> good morning, frank. we got a chance to take a boat 27 miles off the coast right behind me yesterday. it with us about a two-hour journey in order to see the offshore wind site up close. it's one of two places in the u.s. that actually has turbines in the water, and they are massive, over 600 feet tall. eventually they're going to be over 170 turbines when the project is complete. it's really hard to get a sense of the sheer scale until you're standing right under one as well as the infrastructure and manpower to drill one into the seabed. i caught up with someone while we were on the boat and he told me the next phase of construction is about to begin. >> large pieces of equipment are shipping to the u.s. right now. the first will arrive at the portsmouth marine terminal next week. in earnest next year we'll begin the offshore base of construction. you'll come back and add the big yellow piece you see in the background here and then we'll add wind turbines. >> reporter:
our pippa stevens is in virginia beach with a look at one project that's just getting off the ground.od morning. >> good morning, frank. we got a chance to take a boat 27 miles off the coast right behind me yesterday. it with us about a two-hour journey in order to see the offshore wind site up close. it's one of two places in the u.s. that actually has turbines in the water, and they are massive, over 600 feet tall. eventually they're going to be over 170 turbines when the project is...
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Oct 20, 2023
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pippa stevens is looking at this month's sectornomics. >> the sector up 5% compared to the s&p's 11%rted to see renewed investor interest in the third quarter with energy stocks up 11% over the last three months while the s&p has dropped 6%. oil traders are closely watching the war with israel and hamas and given the proximity to oil producing states. as geopolitical tensions flare, we look at energy companies' revenue extstreams. 35% of revenue comes from outside the u.s. according to dp goldman sachs. that is broader than the s&p's 29%. and exposure of 84% according to the latest round of filings. baker hughes follows at 77% with exxon and apa at 60% each. halliburton and apa round out the top five. frank. >> i have to ask, earnings season started a short time ago. when it comes to the energy sector, are there big themes? >> slb kicks os off this mornin with the offshore exposure which sets up the company well. we are seeing more growth in international than in the u.s. i think more broadly, the key thing is to watch executive comments around what the conflict in the middle east me
pippa stevens is looking at this month's sectornomics. >> the sector up 5% compared to the s&p's 11%rted to see renewed investor interest in the third quarter with energy stocks up 11% over the last three months while the s&p has dropped 6%. oil traders are closely watching the war with israel and hamas and given the proximity to oil producing states. as geopolitical tensions flare, we look at energy companies' revenue extstreams. 35% of revenue comes from outside the u.s....
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Oct 5, 2023
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you heard pippa stevens talking about utilities. nothing, no bounce.its, three-year low yesterday. three-year low in reits. no buying interest. consumer staples terrible. you heard about conagra, confirmed their numbers but talked about the weaker consumer at the lower end. tech is doing okay. look under the surface, nvidia, and and, down 8, 9% in the last month. still a lot of damage underneath that. take a look at other things the downside leaders here and this is what i was talking about here, no bounce in utilities, energy has gone from leadership group to under performing group in a head-spinning last couple weeks. pepsico. pepsi the first company reporting a september ending quarter. that's going to be next tuesday. you want to hear from them. they have all these other companies reporting ending in august. pepsi will be important. it's doing nothing. coke doing nothing. consumer staples. a little bit of weakness in the semis today. heard paul stankey talk, great on energy and oil, head-spinning move in oil and gasoline. we went from a month ago t
you heard pippa stevens talking about utilities. nothing, no bounce.its, three-year low yesterday. three-year low in reits. no buying interest. consumer staples terrible. you heard about conagra, confirmed their numbers but talked about the weaker consumer at the lower end. tech is doing okay. look under the surface, nvidia, and and, down 8, 9% in the last month. still a lot of damage underneath that. take a look at other things the downside leaders here and this is what i was talking about...
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Oct 24, 2023
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now to pippa stevens for a cnbc news update. >> kelly, the united nations relief workers said this afternoonions in gaza tomorrow. the u.n.'s relief and workers agency says it's in urgent need of fuel. access to fuel in gaza has been cut off for weeks. officials in gaza say the health care system is failing. the three hospitals in the area have run out of fuel to power their generators. >>> google maps and ways, which is owned by google are pausing live traffic updates. -- live traffic updates in israel. google says the suspension is out of consideration for the safety of local communities. >>> and lebron james and peyton manning are looking to team up. "the wall street journal" reports their production companies are in talks to create a show modeled on the series "quarterback," following the lives of pro basketball players. "quarterback" follows three nfl quarterbacks last season. kelly, back to you. >> >> coming up, jamie dimon ripping into central banks for their "flawed forecasting." we'll tell you what he said and ask the randy quarrels if he's right. and if the threat of higher yield c
now to pippa stevens for a cnbc news update. >> kelly, the united nations relief workers said this afternoonions in gaza tomorrow. the u.n.'s relief and workers agency says it's in urgent need of fuel. access to fuel in gaza has been cut off for weeks. officials in gaza say the health care system is failing. the three hospitals in the area have run out of fuel to power their generators. >>> google maps and ways, which is owned by google are pausing live traffic updates. -- live...
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pippa stevens has a look. >> well, the competition for yields is getting tougher following the ten year'se. but energy has been a place that income seeking investors have looked. starting here with the two largest companies, exxon and chevron, both have raised their dividends for each of the last 25 years. that includes during the pandemic, despite the historic drop in oil prices. both have a roughly 3% dividend yield, with chevron's a bit higher than exxon's. but for which company has had the highest payout, these companies have averaged the highest yields over the last three years at more than 6%. williams and devon are big payers. energy stocks are still underperforming the broader market this year. and the xle is up about 9% in the last three months, while the spy is down just shy of 6%. >> pippa, thanks. >>> will rising dgeopolitical risks push oil prices higher or is it priced in now? andy, what does your gut say? >> well, i think a lot of it has been priced in. we always see the oil market with knee jerk reactions to events in the middle east, but as of now, there's been no supply
pippa stevens has a look. >> well, the competition for yields is getting tougher following the ten year'se. but energy has been a place that income seeking investors have looked. starting here with the two largest companies, exxon and chevron, both have raised their dividends for each of the last 25 years. that includes during the pandemic, despite the historic drop in oil prices. both have a roughly 3% dividend yield, with chevron's a bit higher than exxon's. but for which company has...
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. (♪♪) >> were going to go back to pippa stevens now for a look at the key stocks she is watching with >> is caesar's is higher, a buy rating on the dock. raises its price target on the stock. it's created a solid buying opportunity and the catalyst is on the horizon, like the upcoming f1 race in vegas and next year's super bowl. solar company technologies jumping after goldman upgraded the buyer rating. the new $28 target includes 60% of the potential based on improving gross margins and strengthening utility scale. share still down 17% in the last month. >> thank you so much. we are following, as i said, the latest development in the sandbank when free trial. caroline ellison, his former girlfriend on the stand today. kate rooney outside the courthouse with the latest. and to stay the least, this testimony today has been shocking, if not explosive, kate. >> scott, that is completely right. ellison has been calm and collected. she broke down on the stand this afternoon and started crying when the prosecution asked her about what was a chaotic week when their companies filed for bankru
. (♪♪) >> were going to go back to pippa stevens now for a look at the key stocks she is watching with >> is caesar's is higher, a buy rating on the dock. raises its price target on the stock. it's created a solid buying opportunity and the catalyst is on the horizon, like the upcoming f1 race in vegas and next year's super bowl. solar company technologies jumping after goldman upgraded the buyer rating. the new $28 target includes 60% of the potential based on improving gross...
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. >> dom, thank you snoor for more on the war in israel and impact on energy markets, pippa stevens isg a closer look for us as oil prices are back in the red today. >> that's right. oil is giving back some of yesterday's 4% gain as the market focuses on the fact that supplies have not been disrupted since neither israel or gaza is a major producer. one area where we are seeing more of an impact is european natural gas up 13% today and more than 25% in the last two sessions. israel's ministry of energy ordered chevron to halt production at its tamar facility in mediterranean off the coast of israel, which represents 3% of chevron's total gas output. in addition to supplying israel, the gas is transported from the region to egypt where it's liquefied and exported to europe. also contributing to the jump is a possible resumption of strikes at lng facilities in australia. there are a lot of unknowns looking forward, including whether or not iran was involved. but there are also key differences that make it unlikely. we'll see a price response like in the 1970s oil embargo and shale substa
. >> dom, thank you snoor for more on the war in israel and impact on energy markets, pippa stevens isg a closer look for us as oil prices are back in the red today. >> that's right. oil is giving back some of yesterday's 4% gain as the market focuses on the fact that supplies have not been disrupted since neither israel or gaza is a major producer. one area where we are seeing more of an impact is european natural gas up 13% today and more than 25% in the last two sessions....
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knows all about this is pippa stevens. >> back from virginia beach. >> yes.ng on my parade. >> yeah. >> you should have -- >> 600 feet but -- well, let me tell you it was taller than i was and that's how i measure height. today oil is back in focus. it did reverse earlier losses while chair powell was speaking but this week it's about the easing of the sanctions on venezuelan oil. last night the treasury department issued a six-month easement on the sanctions in exchange for venezuela holding fair and free elections next year. prior to this round of sanctions imme pented by trump in 2019, venezuela was produce 3 million. our gulf coast refiners are set up to process their heavy crude. last month was 800,000 barrels per day. this is one of the options the u.s. has to turn to if we're going to crack down on iranian output and iranian exports. venezuela starts looking better. analysts aren't that optimistic for a few reasons. there's been so much under investment in the country. there's a six-month easement on sanctions and there's no clarity beyond that because
knows all about this is pippa stevens. >> back from virginia beach. >> yes.ng on my parade. >> yeah. >> you should have -- >> 600 feet but -- well, let me tell you it was taller than i was and that's how i measure height. today oil is back in focus. it did reverse earlier losses while chair powell was speaking but this week it's about the easing of the sanctions on venezuelan oil. last night the treasury department issued a six-month easement on the sanctions in...
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pippa stevens. coming up, a bank analyst by day, power lifter by night. no ketchup no mustard. the mayo is next. when you think of investment risk, do you consider climate risk? changing weather patterns are impacting the way we live and the value of businesses large and small. this can mean disruption to supply chains, changing demand for products and shifting regulation. what does this mean for your business, your clients, and your investments? ice offers data and markets that can provide critical insight. manage your climate risk with ice. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back. a few big banks hitting 52-week lows today the sector on pace for the third straight month of declines. our next guest says it is a bu
pippa stevens. coming up, a bank analyst by day, power lifter by night. no ketchup no mustard. the mayo is next. when you think of investment risk, do you consider climate risk? changing weather patterns are impacting the way we live and the value of businesses large and small. this can mean disruption to supply chains, changing demand for products and shifting regulation. what does this mean for your business, your clients, and your investments? ice offers data and markets that can provide...
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pippa stevens is here with more on that price action. and i were talking about this, we thought that crude oil had a ph.d. in global economics like copper did back in the day. but is that the case? are we telling a story in crude oil prices right now? >> well, it feels like the war risk premium has certainly evaporated from the story. it is about 2% higher since october 7th. but as we discussed neither israel or gaza is a major oil producer. traders are now saying unless this extends to the broader middle east, it's really not going to have any sort of disruption on production. also today, we got weak data out of the eurozone and china is looking better but you do have to look under the hood because their property sector is still a little under pressure and also just because china is looking better doesn't necessarily mean we're going to see a huge jump in imports. when prices were lower they imported a lot so they can -- now, two movers the highlight today. the first being hall burton, they reported earnings. they are under pressure wit
pippa stevens is here with more on that price action. and i were talking about this, we thought that crude oil had a ph.d. in global economics like copper did back in the day. but is that the case? are we telling a story in crude oil prices right now? >> well, it feels like the war risk premium has certainly evaporated from the story. it is about 2% higher since october 7th. but as we discussed neither israel or gaza is a major oil producer. traders are now saying unless this extends to...
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. >>> let's get a news update with our pippa stevens. >> the number of people killed in the israel/hamas war has risen once again. government officials in gaza say there are now more than 2,800 people dead and nearly 11,000 hurt. meanwhile, israeli officials say more than 1,400 people have died in the violence. according to the u.s. state department, 29 u.s. citizens have been killed, and 15 remain miss being. >> the pentagon is sending a second u.s. aircraft carrier strike group to the eastern mediterranean as israeli forces prepare for a potential ground invasion of gaza. the "uss eisenhower" is expected to take between a week and a week and a half to reach the region. the nuclear-powered carrier has 5,000 sailors and will be joining the "uss ford," which arrived in waters off israel just days ago. and the white house said president biden is postponing a trip to colorado today to hold meetings on national security. the announcement came just hours before the president was set to leave, and it comes as he is weighing the middle east. >>> the latest on the ground in israel and gaza is co
. >>> let's get a news update with our pippa stevens. >> the number of people killed in the israel/hamas war has risen once again. government officials in gaza say there are now more than 2,800 people dead and nearly 11,000 hurt. meanwhile, israeli officials say more than 1,400 people have died in the violence. according to the u.s. state department, 29 u.s. citizens have been killed, and 15 remain miss being. >> the pentagon is sending a second u.s. aircraft carrier strike...
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pippa stevens joining us with more >> today's drop is a continuation of what we have been seeing.ders don't want to go into any weekend with so much uncertainty on the short side, so we keep seeing prices rally on friday, and then come monday when the conflict has not escalated, then traders start to back out of those positions. we also did get data out of germany today, showing their economy shrank in the third quarter. they're the largest economy in the eurozone so that has implications for oil demand. then we have the federal reserve this week, this meeting this week as well a lot of unknowns in the market right here although all that said, the world bank was the latest to warn today about what an escalation in the conflict could mean for oil >> what kind of escalation would be -- would send oil prices higher i assume it would be the involvement of iran, something in the straits of hormuz, in the gulf >> those are the regions to watch if the middle east beyond israel and the gaza strip, and so the world bank said that in their kind of worst case scenario between 6 million and 8
pippa stevens joining us with more >> today's drop is a continuation of what we have been seeing.ders don't want to go into any weekend with so much uncertainty on the short side, so we keep seeing prices rally on friday, and then come monday when the conflict has not escalated, then traders start to back out of those positions. we also did get data out of germany today, showing their economy shrank in the third quarter. they're the largest economy in the eurozone so that has implications...
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pippa stevens.'s go to bertha coombs for an update. >> reporter: lawyers for former president donald trump are asking a judge to dismiss his federal election interference case in d.c. they argue he is immune from prosecution for actions they say were taken in his official role as president. the motion is possibly the most pointed attack on the federal case which charges trump with plotting to overturn the results of the 2020 presidential election. >>> a federal court has ordered alabama to adapt a new congressional redistricting map that could lead to the state electing two black representatives for the first time in its history. the map creates a second district with a near majority of black voters of the alabama republicans were ordered to redraw that map after the supreme court and lower courts ruled that there are other proposals that diluted the power of black voters in this state. >>> and french researchers say western europe europe's highest peak mont bl ha nc has lost more than six feet in t
pippa stevens.'s go to bertha coombs for an update. >> reporter: lawyers for former president donald trump are asking a judge to dismiss his federal election interference case in d.c. they argue he is immune from prosecution for actions they say were taken in his official role as president. the motion is possibly the most pointed attack on the federal case which charges trump with plotting to overturn the results of the 2020 presidential election. >>> a federal court has ordered...
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. >>> let's go over to pippa stevens now for a cnbc news update >>> israel opened the world's largestrground fortified hospital less than 20 miles from israel's board we are lebanon. the new hospital is ready for patients if the area is attacked the space was used as a parking lot with three subterranean floors and converted to a trauma center after exchanges of rocket fire started on the border >>> secretary of state antony blinken met with china's top diplomat this morning. he is expected to meet with a u.s. national security adviser, and with joe biden during his three-day trip the visit is the latest in a series of diplomatic exchanges between the u.s. and china, leading up to the xi/biden summit in november >>> open ai, the parent company of chatgbt, is forming a new term to study what it calls the potentially catastrophic risk of the technology the company says the newly formed preparedness team will try to protect some of the major issues caused by ai as part of the team's work. open ai is asking people to send ideas on ways ai can be misused for it to study. >> pip au, thank y
. >>> let's go over to pippa stevens now for a cnbc news update >>> israel opened the world's largestrground fortified hospital less than 20 miles from israel's board we are lebanon. the new hospital is ready for patients if the area is attacked the space was used as a parking lot with three subterranean floors and converted to a trauma center after exchanges of rocket fire started on the border >>> secretary of state antony blinken met with china's top diplomat this...
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. >>> then poor q4 guidance has shares of solar company enphase plummeting the ceo telling pippa stevens weak while in the u.s. interest rates are the culprit. stock down0%hiye 7 ts ar in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network. [speaker continues in the background] the network with 24/7 built-in security. chip? at&t business. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> breaking news on gm and the autoworkers strike phil lebeau has more for us. >> it appears uaw and gm is moving closer to an agreement. make whalen from cnbc.com matching what we have heard from others at general motors and with the united autowor
. >>> then poor q4 guidance has shares of solar company enphase plummeting the ceo telling pippa stevens weak while in the u.s. interest rates are the culprit. stock down0%hiye 7 ts ar in the u.s. we see millions of cyber threats each year. that rate is increasing as more and more businesses move to the cloud. - so, the question is... - cyber attack! as cyber criminals expand their toolkit, we must expand as well. we need to rethink... next level moments, need the next level network....
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. >>> let's get a news updwate wih pippa stevens. >>> an arrest warrant has been issued in the manhunt for robert card, who is suspected of shooting eight others in maine authorities initially called card a person of interest in the case the eight counts are based on the identification so far of eight of the 18 victims. >>> mexican officials say hurricane otis killed at least 27 people wednesday after it came ashore as a powerful category 5 hurricane in the beach resort city of acapulco. it knocked out power line and internet to tens of thousands of people, hampering communications after it hit mexico deployed troops to the area to help with clean-up and sent 1,300 utility employees to restore power. >>> china sent its youngest ever crew to orbiting space station today as the country reiterated plans to put astronauts on the moon by the end of the decade. the comments heat up a rivalry with the u.s. which plans to launch a lunar mission by 2025 >> thank you, pippa. >>> hedge fund manager jason mudrick on what he is calling a golden era. >>> how to position your portfolio ahead of amazo
. >>> let's get a news updwate wih pippa stevens. >>> an arrest warrant has been issued in the manhunt for robert card, who is suspected of shooting eight others in maine authorities initially called card a person of interest in the case the eight counts are based on the identification so far of eight of the 18 victims. >>> mexican officials say hurricane otis killed at least 27 people wednesday after it came ashore as a powerful category 5 hurricane in the beach...
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. >>> a news update with pippa stevens. >> hey, carl. here's your cnbc news update.re are four candidates remaining in the house speaker race. house republicans are voting behind closed doors this morning to put forward a replacement for kevin mccarthy, who was ousted three weeks ago. representatives byron donald, tom emmer, mike johnson and kevin hearn are still in contention after three rounds of voting. >>> the chinese military official who disappeared from the public eye two months ago has beenofficially removed as defense minister. that's according to state media reports. no explanation was given for his dismissal and china has not announced a replacement. beijing also abruptly removed its foreign minister in july. >>> and the eighth installment of the mission impossible franchise won't hit theaters as planned next summer. paramount pictures shifted the release date to 2025 amid the ongoing actors strike in hollywood. production on the follow-up to "mission: impossible" paused in july. >> thank you. >>> let's get to the european close. markets mostly higher afte
. >>> a news update with pippa stevens. >> hey, carl. here's your cnbc news update.re are four candidates remaining in the house speaker race. house republicans are voting behind closed doors this morning to put forward a replacement for kevin mccarthy, who was ousted three weeks ago. representatives byron donald, tom emmer, mike johnson and kevin hearn are still in contention after three rounds of voting. >>> the chinese military official who disappeared from the public...
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. >>> let's get a news update with our pippa stevens. >> hey, carl.ump's attorney filed a motion this morning to stop his civil fraud trial in new york. it comes after his legal team made two requests yesterday to dismiss separate criminal cases brought against him. those motions argue his federal election interference case in d.c. and his new york criminal case over alleged hush money payments to stormy daniels should be dismissed. >>> russia's president suggested the they could revoke. moscow successfully completed the testing of a new nuclear-powered missile. analysts say they're more worried about return to testing than the specific weapon. >>> police arrested an american tourist at israel museum in jerusalem yesterday for damaging prized ancient sculptures. police said the man thought they were adulterous but his lawyer claimed he suffered from a condition called jerusalem syndrome. the national institutes of health calls it an acute psychotic state observed in tourists who visit the ancient city. back to you. >> thanks very much. >>> coming up n
. >>> let's get a news update with our pippa stevens. >> hey, carl.ump's attorney filed a motion this morning to stop his civil fraud trial in new york. it comes after his legal team made two requests yesterday to dismiss separate criminal cases brought against him. those motions argue his federal election interference case in d.c. and his new york criminal case over alleged hush money payments to stormy daniels should be dismissed. >>> russia's president suggested the...
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pippa stevens has more. >> this all stock deal is all about diversifying chevron's portfolio which had been light on long-term growth opportunities. hess brings guy anna to the table which is the real prize in the portfolio, becoming one of the most important growth areas for non-opec oil production. here's what chevron ceo told kr cnbc about the deal earlier today. >> the duration on our cash flow, we bring these two companies together. i talked about long-term growth and long-term value. this extends our visible growth profile into the 2030s. over the last tech decade we saw companies outspend cash flow, not create value for shareholders. chasing growth. the industry's got the message. shareholders expect a return on capital. companies across the industry have become more disciplined. >> shareholders have demanded that capital discipline. acquisitions can be the only option to grow output. as energy partners, pickering said stock for stock reduces balance sheet risks. wall street analysts striking a cautious tone with citi saying this deal won't have the, quote, zing of recent others
pippa stevens has more. >> this all stock deal is all about diversifying chevron's portfolio which had been light on long-term growth opportunities. hess brings guy anna to the table which is the real prize in the portfolio, becoming one of the most important growth areas for non-opec oil production. here's what chevron ceo told kr cnbc about the deal earlier today. >> the duration on our cash flow, we bring these two companies together. i talked about long-term growth and long-term...
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. >> oil might be a determining factor, pippa stevens, and that is a big relief because it seems to haven pretty relentless on the way up. >> scott, it was a brutal today here for oil closing as you said down almost 6%. and actually falling below that 50-day moving average for the first time since july. we did have that virtual opec meeting this morning where the group reiterated its commitment to those production cuts through the end of the year. so, perhaps some signals there that they don't see the global economy on all that strong of a footing, but it feels like some of the headwinds that the oil market had been ignoring on that relentless climb higher are now starting to catch up. that's the higher dollar as well as what higher for longer rates might ultimately mean for oil demand, and we are starting to see some cracks in gasoline demand, specifically the gasoline crack spread has all been collapsed, really falling off a cliff with rbob futures down 7% or so today. we got the latest data from the eia today that showed demand was down over 8% over the last month compared to last yea
. >> oil might be a determining factor, pippa stevens, and that is a big relief because it seems to haven pretty relentless on the way up. >> scott, it was a brutal today here for oil closing as you said down almost 6%. and actually falling below that 50-day moving average for the first time since july. we did have that virtual opec meeting this morning where the group reiterated its commitment to those production cuts through the end of the year. so, perhaps some signals there that...
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pippa stevens joins us now. >> reporter: these remarks game from a conference in abu dhabi.viding a vital resource while at the same time investing in low energy solutions. it does come at seemingly a difficult time for the industry because they are competing with the different headwinds. on the one hand you have consumers and politicians saying we want more of this now and at cheaper prices. on the other hand, you have calls for peak fossil fuel did i bands which essentially is saying there's no long-term viability for your infrastructure. what we've seen over the last year is the energy transition is definitely not going to happen overnight and right now we need both and new energy. it's not an either/or question. what's thing really dividing the climate community is the extent to which oil and gas companies should play a part in the transition. they are the biggest emitters and contributors to climate change. on the other hand, they have the biggest balance sheets and the biggest cap "x" budget. so they are emphasizing these lower energy solutions, the lower carbon, i sho
pippa stevens joins us now. >> reporter: these remarks game from a conference in abu dhabi.viding a vital resource while at the same time investing in low energy solutions. it does come at seemingly a difficult time for the industry because they are competing with the different headwinds. on the one hand you have consumers and politicians saying we want more of this now and at cheaper prices. on the other hand, you have calls for peak fossil fuel did i bands which essentially is saying...
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. >>> welcome back, i am pippa stevens.l drum coming face-to-face with his former lawyer, michael cohen. the civil flawed trial. the anticipated testimony came after he was supposed to take the stand next week but he had to postpone because of medical issues. another one of trump's co- defendants in his election interference case. the campaign lawyer pleaded guilty in the case. one count of aiding and embedding false statements. will cooperate with prosecutors as part of the deal. five years of probation plus fines and community service. house republicans are meeting behind closed doors to put behind another candidate for the speaker position. as we hit the three week mark since the ousted kevin mccarthy from the job. seven candidates are still in the boat. a new boat could go from the floor later today. >> thank you. >>> shares from 3m are up this morning. after estimates from he house. raising the for-profit forecast to cut costs which are working. joining us now. the chairman and ceo, mike roman. good to see you, it has
. >>> welcome back, i am pippa stevens.l drum coming face-to-face with his former lawyer, michael cohen. the civil flawed trial. the anticipated testimony came after he was supposed to take the stand next week but he had to postpone because of medical issues. another one of trump's co- defendants in his election interference case. the campaign lawyer pleaded guilty in the case. one count of aiding and embedding false statements. will cooperate with prosecutors as part of the deal. five...
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i'm pippa stevens. a hamas imposed deadline for residents to leave the israel city ashkelon passed.ised attacks after 5:00 p.m. local time as its military said it regained control of the gaza border. the lethal conflict began saturday after hamas launched a surprise attack on southern israel. the violence has claimed more than 900 lives in israel and 700 in gaza. the first wave of u.s. assistance is on it ways to israel. according to national security council spokesman john kirby. kirby said the u.s. is focussing on making sure the country has munition, weapons and tools it needs to defend itself against hamas. >>> an american journalist jailed in russia lost another appeal this morning to be leased after more than six months in custody. that means evan gershkovich will have to remain in jail through november. russia accuses "the wall street journal" reporter of espionage. the u.s. government says he's been wrongfully detained. >> thank you. >>> we are about an hour into the trading day. stocks are higher as treasury yields fall. bob pisani. s&p almost at a three-week high here. >>
i'm pippa stevens. a hamas imposed deadline for residents to leave the israel city ashkelon passed.ised attacks after 5:00 p.m. local time as its military said it regained control of the gaza border. the lethal conflict began saturday after hamas launched a surprise attack on southern israel. the violence has claimed more than 900 lives in israel and 700 in gaza. the first wave of u.s. assistance is on it ways to israel. according to national security council spokesman john kirby. kirby said...
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i'm pippa stevens with your news update.rlines suspend flights to israel amid the war with hamas, u.s. citizens and their family members boarded a cruise ship today to get out of the country. u.s. embassy officials verified their documents at an israeli port before boarding a ship headed to cyprus. the journey is expected to take 10 to 12 hours. >>> a federal judge is hearing arguments this morning about whether former president donald trump should be subject to a limited gag order ahead of his federal election interference trial. trump's legal team calls the special council's request for the order political motivated. >>> the first female manager is leaving the marlins. the team made the announcement today saying kim ng turned down their team option for her to return for the 2024 season and told "the athletic" she was not completely aligned with the team on plans to reshape the baseball operations department. carl? >>> thanks. >>> ford's executive chair bill ford making comments on the uaw strikes. we'll turn to fphil lebea
i'm pippa stevens with your news update.rlines suspend flights to israel amid the war with hamas, u.s. citizens and their family members boarded a cruise ship today to get out of the country. u.s. embassy officials verified their documents at an israeli port before boarding a ship headed to cyprus. the journey is expected to take 10 to 12 hours. >>> a federal judge is hearing arguments this morning about whether former president donald trump should be subject to a limited gag order...
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Oct 20, 2023
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let's go to pippa stevens for a breakdown. >> energy stocks came back into focus during the third quarterg 10%. with west texas intermediate back above 90 bucks, we take a look at which stocks within the energy sector have traded the most in line with oil prices on average over the last ten years. the closer to a value of one, the more the stock tracks the price of oil. oil fields services name halliburton came up on top. plans for drillers which directly impacts the equipment and services that you need. tracking crude closely with more than half of the revenue coming from oil production. across the sector, apa, coterra and eqt have the lowest correlation to gas prices. they're natural gas producers. back to you. >> pippa, carl mentioned gas prices. what's happening there? are they delinking? >> are we talking about natural gas or gasoline at the pump? >> both. what's happening with gasoline prices is we have seen the spread come down significantly. refiners have been turning out a lot to get exposure to diesel, the diesel prices which are hugely still up amid cuts from russia and saudi a
let's go to pippa stevens for a breakdown. >> energy stocks came back into focus during the third quarterg 10%. with west texas intermediate back above 90 bucks, we take a look at which stocks within the energy sector have traded the most in line with oil prices on average over the last ten years. the closer to a value of one, the more the stock tracks the price of oil. oil fields services name halliburton came up on top. plans for drillers which directly impacts the equipment and...
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Oct 23, 2023
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pippa stevens with the sector and names moving on the back of this. >> there is so much buzz around thatnd hess deal. energy stocks are in the red today alongside the broader market. looking at the technicals, it's now one of just three sectors trading above the 200 day moving average. the other two being tech and communication services. according to btig. that's on a market cap weighted basis, but if we look at an equal weight basis, energy is actually the only group above its 200-day. jonathan crinski from btig noting energy's relative breakout means the sector is attractive, despite its out performance over the last three months. those gains have been led by upstream players, a pick-up in deal activity with the xop up 10% in the last three months. on the flipside he refining stocks have taken a breather after making a series of new highs and the crack etf which tracks the space up just 3% in the last three months. david, back to you. >> thank you. >>> as we head to break, check out the move in fmc, agricultural science company. the company reduced third quarter revenue and earnings gu
pippa stevens with the sector and names moving on the back of this. >> there is so much buzz around thatnd hess deal. energy stocks are in the red today alongside the broader market. looking at the technicals, it's now one of just three sectors trading above the 200 day moving average. the other two being tech and communication services. according to btig. that's on a market cap weighted basis, but if we look at an equal weight basis, energy is actually the only group above its 200-day....
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Oct 6, 2023
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i'm pippa stevens with your cnbc news update.rdan, for the house speaker election. the endorsement seems to put an end to the prospect trump would be a candidate after he said thursday he would be interested in serving as an interim speaker. >>> the controversial deal to merge the pga tour and saudi backed liv golf is facing delays over antitrust concerns. according to a bloomberg report, the deal is struggling to get over the finish line as the justice department investigates how it happened and the leagues may continue separate tour schedules next year. >>> the know bell committee awarded a jailed iranian activist for her fight against the oppression in iroan who has continued to fight for human rights in the country. she has been arrested 13 times, convicted five times and sentenced to 31 years in prison. back to you. >> thanks very much. >>> some renewed questions today about the fed and where interest rates are going following that shockingly strong jobs number today. payroll growing by 336,000. markets trying to shave some
i'm pippa stevens with your cnbc news update.rdan, for the house speaker election. the endorsement seems to put an end to the prospect trump would be a candidate after he said thursday he would be interested in serving as an interim speaker. >>> the controversial deal to merge the pga tour and saudi backed liv golf is facing delays over antitrust concerns. according to a bloomberg report, the deal is struggling to get over the finish line as the justice department investigates how it...
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Oct 23, 2023
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let's bring in peppa stevens for more on the deal. hi, pippa. >> this all stock deal is about diversifying chevron's portfolio which had been light on long term growth opportunities. hess has assets in guyana which extends their visibility into future production. here's what they told cnbc about the deal earlier today. >> the duration of our cash flow now as we bring these two companies together, i talked about long term growth and long term value. this extends our visible growth profile into the 2030s. >> hess brings growth to chevron, growth in resource, growth in production, growth in cash flow, and chevron brings us financial strength. financial strength in terms of a strong balance sheet, a diversified portfolio of assets, and industry leading cash returns. >>> shareholders have demanded capital discipline, so acquisitions can be more attractive way to grow output, and as dan pickering told me, stock for stock produces balance sheet risk while leaving plenty of cash for buy backs. this is the fourth largest upstream deal on record, and com
let's bring in peppa stevens for more on the deal. hi, pippa. >> this all stock deal is about diversifying chevron's portfolio which had been light on long term growth opportunities. hess has assets in guyana which extends their visibility into future production. here's what they told cnbc about the deal earlier today. >> the duration of our cash flow now as we bring these two companies together, i talked about long term growth and long term value. this extends our visible growth...