millions of barrels of oil and natural gas, three miles below the ocean floor, belonging to bp, transocean owning the well and halliburton, contractored to seal it. home videos captured life on board. here the crew became like family, working side by side, weeks on end. >> that was one of the rigs out there. >> tyrone worked one of the under water vehicles. >> did you think it was, at the time, one of the safest? >> of course, i did. >> april 20th, 2010. just saver 9:00 p.m., with drilling complete, the crew of the deepwater horizon entered the final stages of sealing in the well. >> it was just a regular routine day. we went knocking off. head supper. took a shower. just unwinding. >> for many this was the end of the assignment. they would go home the next day. >> about to drift off to sleep. and the next thing you know -- boom. the loudest bang i've ever heard. and the next thing you know i heard the dreadful sound of a train whistle. if you ever heard a train whistle on a rig, that is a blowout. >> on an oil rig, it was the unthinkable. a blowout, sending a torrent of highly pressurized

. >>> we have a news alert here on transocean. >> here's what we've got. transocean has said they have announced plans to scrap or dispose of in an environmentally responsible way two rigs. i'm not going to go through the names -- well, the two rigs are basically going to scrap or environmentally responsibly get rid of. these are already a part of announced rigs that are going to be shut down or scrapped. these are part of the total of 18 floating rigs that they have identified as ones that they are planning on scrapping. the company continues to evaluate the long-term competitiveness of its fleet. additional rigs may be identified as candidates for scrapping, but here's the thing. they will take a non-cash charge of between 90 to $110 million, net of taxes, because of this current quarter. so again, some charges about as high as $110 million worth net of taxes, non-cash in this quarter because of these scrapped rigs. scott, back over to you guys. >> dom, thank you so much. i don't know, maybe not such of a big surprise? >> right, not a big surprise, but t

trans transocean, of course, in the news, selling a couple of rigs.take a charge on that news. then chesapeake and noble trading higher. end with the auto seller stocks carmax coming up with better than expected numbers, earnings ahead of expectations, revenue as well and autonation reporting strong sales. new car sales up 10%. the stock up 1%. seeing modest gains. dow's off the highs holding on to seven-point gain but broader across the gain. we'll see whether this lasts going into the close. >> mary thompson. let's get to the bond pits. rick's in chicago. ten-year, almost at two-month lows. rick? >> yeah, well you know on a closing basis, that's pretty much the case from yesterday. as you see the intraday chart, we had a bit of a u-turn and it wasn't so much associated with the data but we'll cover unusual numbers embedded in today's drop in the trade deficit on the santelli exchange in a few hours. as you look at two-day chart, a better glimpse you know yesterday we did get down in yield structure was higher. we do get to be pulled up. the simple e

transocean up 5% right now.johnson that trade relatively even after earnings came out this morning. profit there is down 8.6%. increased pressure of the stronger dollar globally and watching j.c. penney stock is down a couple of percent right now. north of 2%, after an executive inadvertently disclosed early same-store sales numbers. look at 6% growth so far but analysts were expect a better number. so we'll wait for earnings on that. that's the fox business brief. more varney coming up next. new york state is reinventing how we do business by leading the way on tax cuts. we cut the rates on personal income taxes. we enacted the lowest corporate tax rate since 1968. we eliminated the income tax on manufacturers altogether. with startup-ny, qualified businesses that start, expand or relocate to new york state pay no taxes for 10 years. all to grow our economy and create jobs. see how new york can give your business the opportunity to grow at ny.gov/business . stuart: media research center founder brent bozell cal

this is area of all of the sectors of transocean.with moves to upside of four five, six percent for transocean we have latest numbers and those for the eia report. also let's take a look here at airline a spirit airlines stock is down 10.5% and you can see rest is lower as well. and liquidator justice department continues to look forward and may be charmings sales are dropping. stock is down 19%. >> europe is on sale, if you are shopping with u.s. dollars, valuable dollars that is it. watches real estate for us. all right, what financial advantage do i have with american dollars if i buy some real estate in europe? >> well thanks to the green back, and its acceleration you actually have more buying power now in europe about 24% more buying power than you've had a year ago if you were to go this way. many americans they're in the trend of looking at parts of europe. >> to a simplistic level if i looked at an apartment in europe somewhere that cost $124,000 six months ago would it now cost me 100,000 dollars? >> it would be 100 grand n

transocean, which operated the rig, agreed to pay the u.s. $1.4 billion. administrator says more than $5 billion has been paid out to people and businesses harmed by the spill. >>> the academy of country music celebrated its 50th anniversary with a star-studded show at at&t stadium in texas. luke bryan was named entertainer of the year. miranda lambert won album of the year for platinum and also female vocalist of the year. jason aldean took male vocalist of the year. allen jackson -- alan jackson paid tribute to the victims of the oklahoma city bombing. >>> in less than two hours, 30,000 people are expected to take their mark for the boston marathon. last year an american man won the race for the first time since 1983. allison? >> we are still tracking very light showers around the district and off to the north. but everything is pretty much winding down for now. we are under a slight risk for this afternoon. we could have strong to severe thunderstorms pushing in for the late afternoon and right through the early evening hours. we are going to be warm an

for every company thought to have been distressed today, including offshore drillers like transocean and ensco, they all went up. how about these? p devon, eog which my charitable trust owns. pioneer. they took off like they are all next. i don't know. i think this game would have started yesterday if oil hadn't been down so badly. i bet these stocks will lead to you heartbreak. this is a what have you done for me lately market. because i believe these rumored stocks are going to be unrequited i would like to spend time on stocks that got hit unfairly. i don't think you want to hear what went up. i think you want to hear what could go up. first i like some of these retailers that got hit on march numbers. everyone knew it was going to be a weak month because of the terrible weather. why not start with king costco? it had an ever so slight miss. real write nothing more than a percent. it plummeted $3.19. it's now down $8 from its high. costco is a retailer that is rarely ventured this far from its high. you should start right here if you don't have a retailer in your portfolio. costco

the spill british petroleum played down emphasis on the environmentalist issues, and contractors transocean and halliburton. birds turtles and mammals already on the endangered specious list, thousands were harmed hoanl only a fraction cleaned and released back into the wild. bob deens the deans director of the national defense council joining us from washington d.c. let's start with you. give us context from an ecological standpoint. where does this spill rank in terms of the environment and ecological systems? >> yes, it's one of the worst spills in history in u.s. waters it would rank up to the santa barbara spill of 1969 and the exxon valdez spill of more than 20 years ago now. >> tell us five years retrospective, what did the industry get wrong and what is it still getting wrong? >> i think the major issue is we placed enormous faith in the blowout preventer that that would cut off the flow of oil and gas coming forward. and that failed at the end of the day and that was a sort of a pearl harbor moment for the industry. that's what the industry got wrong most centrally. >> mr. deans le

the drillers transocean nowhere. little guys like mag enough denver, sandrich they are struggling to get anywhere near where they were. most of the exploration and production companies trade together largely as a function of etfs. you know what these are? these are run-away trains. it makes no sense given where they were. that's exactly the thought that got the short sellers in trouble. they did this rational reasonable explanation. they are the reason these stocks have gotten to ridiculous devils. i am no tool of shorts. you make up your mind. >>> get this one? shake shack. when they came public $21. closed at 45 dolls on the first day remember danny myer ringing the bell. i said the shake shack was incredibly overvalued versus every other restaurant train out there including the all expensive chipotle. if you had eaton at one of them then you know exactly how darn fabulous there is. there will be plenty of people that have eaton there and immediately gone and bought the stock. i don't blame them. it's an amazing th

the rig's owner, transocean, agreed to pay the u.s. $1.4 billion but the cleanup continues all these years later. >>> hearings get underway this week to determine whether john hinckley will receive more freedom. the man who shot president regan and three others spends a lot of his time in a house owned by his mother in williamsburg virginia. doctors say his psychosis and depression have been in remission for decades. starting in 2013 he was allowed to visit his mother for 17-day stretches at a time. prosecutors oppose hinckley's release from st. elizabeth's mental hospital in washington. >>> in today's health alert new mammography screening recommendations from the u.s. preventative services task force. they recommend getting a mammography every two years between the ages of 50 to 74. they say women at high risk may want to consider screenings at age 40. the task force concluded there's not enough evidence to make a recommendation in screenings or whether 3d mammography will make a big difference. >> i would advise all women that screening for breast cancer is a very personal conditi

we don't want to see endsco or transocean go down for the count. many of the misinformed big money guys believe this issue is so important that when all goes down they freak out. so you know what? it's good to put a sock in their mouths for a couple of days while also keeping their ferngs off the sell buttons. a weak employment number explains this. it can be justified. emerson, emr, the big process controls company, lever annualed oil and gas to the dollar. emerson reported weak numbers, hideous numbers today. the stocks should have been down huge. instead, it's up huge. why? one reason stock now yields more than 3% because it's an accidental high yielder. in a slow growth economy the fed is on hold you are being paid too wait 3% or more for emerson's orders to come around. second you can make the case the strong dollar can get weaker now. it did. which would allow emerson to drop bidders to competitors. third, it's easy to say okay now it's time to see the future not to pass. we are seeing that worst story play out in microsoft as that one reache

some of the big movers were exxon transocean, and southwest energy. me is carl and lon erickson. quickly on what we saw today, lisa, what was your reaction? lisa: it looks like members of the fed her watching oil and the dollar. the markets are watching. it is getting a little heavy. it is hard to follow the lines of logic about how to react to any of this. that is what i am hearing from people on the market. >> it makes total sense. you got the minutes from the fed march meeting. policymakers were split about whether they would raise interest rates in june. you talk about the markets being confused. you look at fed funds interest rates, equally confused. no one knows what is going on. >> i think the market has to be ready for a continuous state of confusion, a continuous state of volatility. not only do you get these minutes that seem to contradict the statement a little bit, but you also have individual governors going around and saying individual opinions. somehow they come to a consensus and enact a policy. we don't know what that is going to be.

transocean, for instance.rton, in different directions -- they have been bouncing around in early trade. oih the etf that tracks oil services company has been moving in anticipation other companies will make similar moves. i want to move to american express, the worst performer on the dow jones industrial average in 2015, and it is about to build on that because first corner results first -- first quarter results were hurt. you had the first quarter economy, and then a failure to renew branded card agreements with costco and jetblue. industrials reported -- honeywell and ge. they tend to not be exciting because ge seems to always beat earnings by one penny or two pennies a share for the quarter that ended, and that was the case here. cells missed analyst -- sales missed analyst estimates. ge says it is on track to meet full-year forecast for industrial earnings. honeywell cut its forecast and it is lower in the early going off by .8%. betty: thank you, scarlet fu at the breaking news desk on the early action.

transocean shares benefiting from the higher prices. they are up over 10%. some of the big drilling companies offshore having a nice day. back over to you. >> nice day indeed. time now for this week's power pitch with baseball season under way. one entrepreneur said he is offering a ticket to the coveted luxury suites. we gave him 60 seconds to pitch it. >> i'm the founder and the goal is in the luxury suites. in the elevated experience. billions of dollars or less on the table every year is completely empty for thousands of effects. you can sell individual seats or even your full suite for those effects that would otherwise go unused. for businesses and fans looking to get access to et suites they provide the most transparent inventory and make a complex reservation simple and easy. eight months after launch we helped thousands of fans in a wide array of businesses. games, concerts and events. we are excited about the growth and ready to make suite hopping the best way to attend live events. >> i like that. welcome to "today's" power pitch. you just saw the

rig or transocean down. they control nearly half the u.s. digital ad market.d twitter that want a piece of the ad pie. going to start with you because you've got this great article on cnbc.com sort of recapping it. we always knew these two were the big kahunas out there. >> the issue is when you log in to a mobile or to a website, mobile account or a website with facebook or google those two companies have all of this information about you. and they're tracking you everywhere you go on the web and on the device. that's incredibly powerful data for marketers. and frankly nobody else has that. so everyone is trying with very valuable web properties to get marketers onto their site and to give them the data and reach that they want. but if you have a limited ad budget and you're trying to think where are you going to spend that next incremental dollar, you've got to really have something as a property that's particularly attractive to get people to spend off of google and facebook. >> and you talked to some smaller business owners who say we get the most bang for

the big energy names, though in that index, by the way, and in that sector some of the names like transocean boy just a few seconds. i was so close. >>> shares of wynn resorts down 25% so resorts down 20% prp the company struggled especially in macao. our eunice uhn got an interview. >> the dow's slump has been a major slump for casino players who have invested heavily in the chinese territory. macao is the only place in china where gambling is legal. but the government has put in place an anticorruption and austerity drive which has affected the businesses there. in addition to the problems that steve wynn sees in macao, he also sees weakness in vegas heading into an election year. >> i don't look for healthy growth in '15 in las vegas. perhaps in '16. maybe when we have a change in administration. if we do get one. we'll get a more business-friendly, job-friendly government in washington that will allow us to have a more robust recovery. >> he also addressed to me the very public dispute between his company's borpd and his ex-wife. his ex-wife has been critical of the board for what she be

and we are watching shares of transocean that said it would dispose of two of its oil rigs. in a charge of $110 million for the company's first quarter. >>> we have got a full day of data starting with a pulse check of the labor market with weekly job let claims. if you're keeping score, they're expected to be flat at 285,000. investors will also be keeping an eye on this number and ahead of tomorrow's big jobs report. sometimes they don't do it when the markets are closed. but we'll be here tomorrow from 7:00 to 9:00. the markets would be closed for good friday but we will be open for business between 7:00 and 9:00 tomorrow. eastern time. leisman will be here. factory orders come out later this morning. this tracks the dollar value of new orders for durable and non-durable goods. orders are forecast to drop again after falling for a sixth straight month in january. mcdonald's announcing it's going to raise the average pay for roughly 90,000 workers to about $10 an hour. the move however, does not apply to employees at franchisee franchisee-owned restaurants. that makes up a

and the owner and operator of the rig transocean, tried and failed again to close the blowout preventer that evening. and then days later on earth day april the 22nd, at 10:22 a.m. the rig on the surface of the gulf sank. now, if you can remember that sheen that was two miles long, a half mile wide, we were first told that the sheen came from the drums of are diesel that were onboard the rig. but then later on, a revision was made that 1,000 barrels of oil a day were leaking from the well a mile below the surface of the gulf. but then that was changed to 5,000 barrels of oil per day. and then 25,000 barrels of oil a day. but none of those estimates were true. scientists looking at the sheen from aerial observations started to grow very skeptical about what the b.p. engineers were telling them. the environmental committee chairman, senator boxer and i started to try to turn up the public pressure to get b.p. to turn over the live footage one mile below the surface of the gulf where the oil was escaping. we wanted to see how much oil that the cameras were showing was escaping from the wel