stop drilling and shift to renewable energy the first target is their homeland global player royal dutch shell they want to take the company to court and that's just the beginning. is it possible to force a big oil company like shell to steer away from fossil fuels dutch environmental group deaf and c is at least trying given our producers shell eight weeks to step up its development of renewables if nothing happens they'll take the giant compilation to court. you know the show knows that the my giora t. of the oil gas and coal reserves in the world need to be kept in mind but still there c o told the world i will mine everything i'm able to mine. one of the. shell is among the world's ten biggest carbon emitters vajra manful group claims the endless dutch multinational is responsible for two percent of the missions of carbon dioxide and methane since the dawn of the petroleum era and yet it plans to only invest five percent in renewables. shell knows that carbon emissions need to be zero by twenty fifty but that company is only aiming to reduce current emissions by hall. to go shell says it b

posed on the program an environmental group wants to take the royal dutch shell to court they say shell is responsible for climate change and will sue the company if it doesn't meet the targets of the paris climate agreement. and donald trump's efforts to renegotiate nafta could take a toll on mexico's automotive sector will go to the city home to a number of foreign carmakers. and some for business on the w.b. and how you got to get us welcome to the program facebook is under fire for new revelations on the privacy scandal involving british data company cambridge analytic the german justice minister has called facebook a network of entrance parents on wednesday facebook acknowledged that the data misuse affected up to eighty seven million users not fifty million users as initially assumed and mark back has yet again apologized and is prepared to promise solutions. it is potentially the worst privacy scandal involving any social network and facebook has admitted its role on its corporate blog in a post the social media giant revealed changes to its privacy policy it also released figure

drilling and shift towards renewable energy the first target is their homeland global player royal dutch shell they want to take the company to court and it could just be the beginning. is it possible to force a big oil company like shell to steer away from fossil fuels dutch environmental group that you defense he is at least trying to they've given oil producer shell eight weeks to step up its efforts in developing renewables if nothing happens in that time they're taking the giant corporation to court. shell knows of global oil gas and coal reserves in the world that need to be kept on mind but still their c.e.o. told the world i'll mine everything i'm able to mine. coal one of the older. shale is among the world's ten biggest carbon emitters the environmental group claims the anglo dutch multinational has been responsible for two percent of carbon dioxide and methane emissions since the dawn of the petroleum era and yet it plans on investing only five percent in renewables. shell knows that carbon emissions need to be zero by twenty fifty but the company is only aiming to reduce current em

the blame game who's at fault for global warming a green group threatens to take the oil major royal dutch shell to court if it fails to comply with climate targets set out under the paris accord. i'm good for school and let's do business and network of transparency that's how the german justice minister describes facebook the social media platform is under fire for a massive data breach involving even more users than first thought it now says eighty seven million people may have been exposed to the cambridge analytical privacy scandal the british firm use the information without uses consent to help us president donald trump's twenty sixteen election campaign. it is potentially the worst privacy scandal involving any social network and facebook has admitted its role on its corporate blog in a post the social media giant revealed changes to its privacy policy it also released figures about where users affected by the cambridge analytical privacy scandal came from the u.s. was the most affected but millions elsewhere are among those whose data may have been improperly shared after the u.s. uses i

not the same picture for royal dutch shell. shares down by 2%.hat's the picture on the european markets now. germany's deutsche bank announced a new round of cost-cutting including what it is calling a significant reduction in its workforce. bank reported lower-than-expected profits of 120 million euros for the first quarter. the bank's new ceo also announced plans to trim back at u.s. investment bank. norwegian air says it has received interest from multiple companies after iag said it might want to buy the budget carrier. the ceo says the board is considering offers from serious players. passenger numbers at the airline rose by 12% in the first quarter. air france has begun a pay rise offer in an effort to end ongoing strikes at the airline. the unions aren't satisfied. they have announced four additional strike days in may. the beijing motor show is underway. >> it is bringing together domestic and international carmakers. all of them keen to have a slice of china's growing car market. beijing is keen to open the industry to more foreign inves

growing and shift towards renewable energy the first target is their homeland global player royal dutch shell they want to take the company to court and that's just the beginning. is it possible to force a big oil company like shell to steer away from fossil fuels dutch environmental group you defense he is at least trying they've given oil producer shell eight weeks to step up its efforts in developing renewables if nothing happens in that time they're taking the giant corporation to court. shell know that which already of the oil gas and coal reserves in the world need to be kept on mind but still their c.e.o. told the world i'll mine everything i'm able to mine. the. shale is among the world's ten biggest carbon emitters the environmental group claims the anglo dutch multinational has been responsible for two percent of carbon dioxide and methane emissions since the dawn of the petroleum era and yet it plans on investing only five percent in renewables. shell knows that carbon emissions need to be zero by twenty fifty but the company is only aiming to reduce current emissions by half. shel

royal dutch shell has reported a 42% rise in profits to $5.3bn, which was higher than expectations.aid the increase was down at least in part to the oil price, which is at a three year peak of $75 a barrel. bp is appointing energy industry veteran helge lund as its new chairman, to replace carl—henric svanberg. mr lund will stand down as director of oilfield services company schlumberger to take up the new role. mr lund will remain as chairman of danish pharma firm, novo nordisk, when he takes up the bp role next january. ford is scrapping most of its us sedan car models to focus on suvs and pick—ups. the auto giant says it will now cut $25.5 billion in costs by 2022, up from the $14 billion it announced last autumn. chief executive jim hackett told investors the company is undergoing "a profound refocus" of its operations. nintendo's profits rose for the year to march, beating its own forecasts after it was repeatedly raised its annual targets. let's go to beijing now, where global car—makers are gathered for the annual auto show. robin brant is there for us now. interesting timing

they're going to be just fine and we did get some positive q one earnings from total and i think royal dutch shell so that that bodes well for them i'm going to ask you a little bit of a complicated question you are such an expert on futures and currencies but it surprised me maybe a dozen years ago when i realized that a lot of these large companies that i thought of as sort of oil related companies that they actually make money when prices are lower because they use oil as part of the petrochemical businesses like dupont for example so there are some companies out there they're actually already headed by what they produce but as a hedging ask expert we know that southwest famously does not hedge their risk in futures markets but what are hedges going to be doing now you think. i think most of the companies that have been hedging have already been looking where the trajectory of crude oil was once we passed over fifty dollars so that psychological barrier probably already has been part of their hedging strategy i think the reason right now that so many companies are looking at the acceleration an

they're going to be just fine and we did get some positive q one earnings from total and i think royal dutch shell so that that bodes well for them i'm going to ask you a little bit of a complicated question you are such an expert on futures and currencies but it surprised me maybe a dozen years ago when i realized that a lot of these large companies that i thought of as sort of oil related companies that they actually make money when prices are lower because they use oil as part of the petrochemical businesses like dupont for example so there are some companies out there they're actually already head to buy what they produce but as a hedging ask expert we know that southwest famously does not hedge their risk in futures markets but what are hedges going to be doing now you think. i think most of the companies that have been hedging have already been looking where that huge rectory of crude oil was once we passed over fifty dollars that psychological barrier probably already has been part of their hedging strategy i think the reason right now that so many companies are looking at the acceleration

and lufthansa, that stock down more than 5% royal dutch shell also in focus.t's falling despite anearning beat as cash flow missed expectations that stock down about 1% and we finish with german chancellor angela merkel, who will visit president trump at the white house. with macron we saw somewhat of a bromance with president trump. we're not expecting the same warm body language when merkel comes to the white house tomorrow this will be a much more serious low-profile working summit where trade and iran will dominate talks. we'll have to see. back to you. >> thank you, seema. >>> when we come back, facebook saying it saw no user slowdown as a result of its data scandal. stock leading a rebound in tech today. is the social giant still considering branching out from its ad-reliant business model? we'll talk about it. >>> first before the break taking a look at the dow, it is up about 187, 188 points "squawk alley" will be right back >>> good morning once again, everybody. i'm sue herera here is your cnbc update at this hour epa chief scott pruitt testifying on

alliance came out with earnings a couple of weeks ago beat on top and bottom >> i'm retreading this royal dutch shellend yield, 1.3 times books, 11 times earnings crude oil has reset to the mid-60s. that's about $15 higher than last year. show up in earning good name to own >> bf which is short the longe end of the curve the reasons i like the way yields have stabilized in the ten year slight uptick. so despite there being every reason for a fear trade to drive down yields today, they are selling. so tbf it's only a matter of time before you see over 3% >> joe >> i think one of the things you want to do on a day when the market is down 500, find things acting different relevant to the overall take mcdonald's trading relatively well over the s&p overall. that's something i would look at >> inning. let's hit the banks for a second because we're talking about rates. haven't done a deeper dive we have a minute-and-a-half on the banks. >> first thing i would say is banks kevin a couple of months ago you were correct i was wrong as it looked for regional banks when i wanted to continue to buy them up on th

royal dutch shell. >> you don't want the president finding out your track >> the lifting is evident inon deal today >> guys, thank you erin, thank you. "power lunch" begins right now thank you very much. welcome everybody, i am tyler mathisen what's on the menu of a wild week ahead earnings on apple and a fed decision on interest rate and the jobs report. we'll get you set up for this busy week. it is an mma monday back in a big way. t-mobile and sprint announcing the merger and what does it mean for at&t and verizon and everybody. a blo a block buster a

other big integrators in this space so i assume you have to like this more than an exxon or royal dutch shellnk this is an extremely efficient company. a lot of people don't think so, but i do i think the efficiency of a they're doing is unbelievable. i like other names but exxon is the name that has the most up side from here. >> what other names do you like? conoco. >> i own conoco, i own exxon, i own different pieces that i mentioned earlier, but i bought phillips today psx. i've also got the ohih. >> are you buying pete's pitch on exxonmobil? >> i like the space and i think pete's right, this company could higher but i'm a seller. relative to the peer group, i'm sorry, pete. that is pete i'm sorry. really sorry but bottom line is i think exxon is not very efficient. i think ultimately the good news for them is the whole sector's focused on capital giveback and they're doing that. >> i don't know, jack, about oil stocks but i'm buying it pete has just been repeatedly bullish on this name and as it's been bottoming over the last couple of weeks and he made good points and he seemed convicte

. >> in addition to the market, royal dutch shell. >> i think if you could with stand the volatility, i would buy tech. >> t.s. >> thank you. >>> that does it for us. "power lunch" starts right now >>> melissa lee. here on the menu, the trump trade tantrum, u.s. and china going blow for blow and ooi-- ad ooins are getting worried. and from cheaper bacon to tv and wine and some impacts could have an impact on what you buy and pay. we'll go inside of the numbers and from soy beans to cotton to corn, china's new tariffs could hit the farming industry hard. we're down on the farm for a look at what is ahead for the industry "power lunch" starts right now

stop drilling and shift to renewable energy the first target is their homeland global player royal dutch shell they want to take the company to court and that's just the beginning is it possible to force a big oil company like shell to steer away from fossil fuels that gen vajra mental group defense see is at least trying given our producers shell eight weeks to step up its development of renewables if nothing happens they'll take the giant compilation to court you know the show knows that the my giora t. of the oil gas and coal reserves in the world need to be kept in mind but still their c.e.o. told the world i will mine everything i'm able to mine or go. one of the. shell is among the world's ten biggest carbon emitters didn't vironment a group claims the endless dutch multinational is responsible for two percent of the missions of carbon dioxide and methane since the dawn of the petroleum era and yet it plans to only invest five percent in renewables. show knows that carbon emissions need to be zero by twenty fifty but the company is only aiming to reduce current emissions by hall. says it

we see royal dutch shell down at the top of the stream there. the biggest loser of the group. see munich re also down 4%. it is a heavy day for dividends today, so you are going to see a lot of companies trading ex-dividends and that will definitely affect the trade, that will definitely affect the indexes and how much they move today. take a look at the winning side of the ledger there. we see tone towel and statoil gaining. gainingsee volkswagen .05%. companies andar oil companies are winning today. guy: b&b was down pretty heavily. bouncing back a little bit this morning. the firm focus this morning is on european banks. deutsche bank, i'm just waiting to see an opening price coming through. it will be interesting to see where we go with that. the early indications are that we are going to be going a little further south on deutsche bank. the call has been ongoing this morning, to real key elements we need to focus on. one is what has been tapped -- happening in terms of the probability and cost story. the bank has missed already low expectations. going forward we are begin

. >> royal dutch shell is my pick. 5.5 dividend yield 1.4 times book. >> steven. >> xlf i think theyd today. i like them. and also i think the ten year is going up, yield. >> matthew is still upset you don't care josh >> ablemarle hyperbolestic. >> groupon >> workday i like the momentum. still intact >> made it easy guys thank you. thank you. "power lunch" begins right now. >> i'm michele caruso cabrera. banking on earnings. jp morgan, citi, and wells fargo all beat big wall street is not impressed all those stocks are down big. what are those earnings signal being the future if you are hunting for a home this spring season listen up, there is a crucial part of the housing market facing its biggest crisis in a quarterce y century. we will explain. highway bitcoin current sees are fuelling america's opioid epidemic you will only see it here on cnbc pluc

gainer.ner, bmw as a then you see material stocks, miners like rio tinto and oil like korea -- royal dutch shellsers here. 1%, otherwise, you don't see a lot of stocks losing 1% or more. losers are few and far between and those that are down are not really down by very much. talk toant to come and people about what is happening in russia this morning. yesterday, a battering of russian stocks. a real tale story for russia yesterday. we haven't seen these news for some time. the russian market after the big move down yesterday has stabilized, but what is significant this morning is it has not bounced big. the rest of europe is bouncing this morning. we have decent numbers being posted. the russian markets -- pick your choice of index, but let's take down a percent yesterday. not coming back, which is interesting in terms of the risk profile in russia. has the game changed? we will talk about that later in the program. let's talk about european markets right now. the dax is up by one point -- 1.1%. for thetrong start european markets this morning. xi jinping giving a speech in the asian session, gi

royal dutch shell, chevron, exxon, and yes, oil is going to $80 is what a lot of firms are saying.e oil related funds seeing inflows of capital at a pace that is record level. to chart says it is close 70. the expectation it may go to 80 is attracting capital. the impact of this on the profitability of these companies, also a focus this week. kathleen: $80 a barrel, i think a lot of companies would love to hear that. after the recent volatility, a week packed with major earnings should give the market some concrete numbers. remy inocencio at the wall with the bloomberg terminal chart we need to know. ramy: right behind me is the earnings analysis dashboard. su was just talking about energy, consumer discretionary, as well as industrials. take a look at the earnings of rise. it just gets better and better. looking at consumer 12.57%, looking ahead to see how that changes. . want you to look at this that is the earnings surprise for information technology. sectors, you can see how well they are doing. right now we can see that only nine of 68 s&p companies have recorded. that is goin

royal dutch shell. >> you don't want the president finding out your track >> the lifting is evident in that marathon deal today >> guys, thank you erin, thank you. "power lunch" begins right now thank you very much. welcome everybody, i am tyler mathisen what's on the menu of a wild week ahead earnings on apple and a fed decision on interest rate and the jobs report. we'll get you set up for this busy week. it is an mma monday back in a big way. t-mobile and sprint announcing the merger and what does it mean for at&t and verizon and everybody. a blo a block buster at the box office, disney's "avengers" breaking in the most highest of all time and that does not include china. we'll talk about the stocks and more beginning right now on "power lunch." ♪ welcome to "power lunch," i am sara eisen investors are struggling to end the volatile month here. the dow is up more than 125 points earlier verizon and intel among the dow's biggest drag right now mik m mcdonald's is the biggest gain on the dow sprint and t-mobile are getting whacked on the back of their merger news. marathon petroleum i

. >> in addition to the market, royal dutch shell. >> i think if you could with stand the volatility, i would buy tech. >> t.s. >> thank you. >>> that does it for us. "power lunch" starts right now >>> melissa lee. here on the menu, the trump trade tantrum, u.s. and china going blow for blow and ooi-- ad ooins are getting worried. and from cheaper bacon to tv and wine and some impacts could have an impact on what you buy and pay. we'll go inside of the numbers and from soy beans to cotton to corn, china's new tariffs could hit the farming industry hard. we're down on the farm for a look at what is ahead for the industry "power lunch" starts right now >>> welcome to "power lunch. i'm michelle caruso-cabrera. michelle are way off session lows dow more than 500 and now lower than 47 and thought it would make a run in the positive territory like the s&p 500 by 1.5 points and the nasdaq is higher by 14 points. energy and industrials, those are the laggards, consumer and staples and discretionary are the winners. and leading the afternoon comeback, nike, ibm and apple and coke b, but boeing

royal dutch shell hasn't seen profits like this since the days of $100 oil.adjusted net income that was the highest since 2014. investors are worried about shell's cash flow, if the company will be able to afford share buyback. ford is getting ready to cut $11 billion from spending plans to reach an elusive profit target more quickly. they will get rid of most of their north american car lineup and focus on lucrative suv's and pickups and expect an 8% profit margin bye -- profit 2020, 2 years ahead of schedule. the barclay's chief executive says the chief results underline the current strategy and a promise to return an increasing amount of cash to shareholders through dividends and buybacks. >> i have not heard yet what mr. wants. we have a meeting shortly. i think that shareholders like that we have completed the restructuring of the bank. we are strategically where we want to be with the sale of the control of our position in africa being strategic. on a pathway to returning excess capital to our shareholders and producing one of the most profitable quarte

>> i own exxon also, also own chevron, royal dutch shell, but bp probably is my favorite stock rightuse of west texas shale, you have a bottleneck in production. saudi arabia, which could not control oil prices for so lang because when they lowered their quotas, they lost market share. now because of this bottleneck, saudi arabia's back in play. the aramco ipo coming out sometime probably in the next year because of their own solvency as a country. until that bottleneck gets adjusted, i think we're going to see continued high oil prices, and that benefits the oil majors. stuart: and i think bp yields about 5% dividend, if i'm not -- >> 5.6%, yes, it's one of the highest yielding stocks and a very solvent company. stuart: at my age yield is good. john, thank you very much, indeed. back to the beach, young man. >>> let's check the price of oil, it's 68.54, that's where we are. take a look at the price of gasoline, $2.76 is your national average for regular. keeps on going up ever so steadily. >>> that caravan of migrants from central america getting real close to the southern border, a

million to cover an increase in payment protection insurance mis—selling claims. 0n the flip side royal dutch shells going on? which that that bidding war, i am getting confused. theed by wag for for sky. then we have whitbread splitting into costa and holding on the premier inn and to kate —— taking control of shire, why are companies so important? let us ask russ, he is director at aj bell. do you feel there is a lot happening? obviously one of the highest profile deals was melrose acquisition of gkn. so, there is a lot going on, i think there are two reasons for that, firstly, overall economic growth is ok, but not fantastic and chief executives are looking to generate growth by requiring of the company, stripping out costs or expanding their own operationings and secondly interest rates on cash are still low, companies are under pressure to generate a better return for their investor, they are not going to get that by keeping cash in the bank. so they will try and spice up the bank. so they will try and spice up their return, so those are two possible friends, one thing i would say you do tend

on the program an environmental group wants to take the royal dutch shell to court they say shell is responsible for climate change and will sue the company if it doesn't meet the targets of the paris climate agreement . and efforts to renegotiate nafta could take a toll on mexico's automotive sector will go to the city home to a number of foreign carmakers. welcome to the. facebook is under fire for new revelations on the privacy scandal involving british data company cambridge analytic the german justice minister has called facebook a network of entrance parents on wednesday facebook acknowledged that the data may .

calls on the program an environmental group wants to take a royal dutch shell to court they say shell is responsible for climate change and will sue the company if it doesn't meet the targets of the paris climate agreement . and donald trump's efforts to renegotiate nafta could take a toll on mexico's automotive sector will go to the city of puebla home to a number of foreign carmakers. it's time for business on the w.b. and how you got to get us welcome to the program facebook is under fire for new revelations on the privacy scandal involving british.

they're going to be just fine and we did get some positive q one earnings from total and i think royal dutch shell so that that bodes well for them i'm going to ask you a little bit of a complicated question you are such an expert on futures and currencies but it surprised me maybe a dozen years ago when i realized that a lot of these large companies that i thought of as sort of oil related companies that they actually make money when prices are lower because they use oil as part of the petrochemical businesses like dupont for example so there are some companies out there they're actually already head to buy what they produce but as a hedging ask expert we know that southwest famously does not hedge their risk in futures markets but what are hedges going to be doing now you think. i think most of the companies that have been hedging have already been looking where that huge rectory of crude oil was once we passed over fifty dollars so that psychological barrier probably already has been part of their hedging strategy i think the reason right now that so many companies are looking at the accelerati