ceo mike wirth talks exclusively with cnbc today at 9:30 a.m. eastern. >>> elon musk taking the next step at rebranding twitter they will replace the iconic bird logo with the new yet to be decided logo featuring an x. >>> shares of amc c entertainme surging. they have a stock conversion plan that would allow the company to issue more shares after a judge friday blocked the first attempt to flood the market with new stop >>> stelanis says they should begin production in 2020. >>> speaking of duos, oppenheimer and barbie, barbie pulled in first and oppenheimer second the strongest box office weekend of the year and the fourth largest box office weekend ever. >>> getting ready for a wild week for wall street with key pote potential catalysts for the markets. the busiest week of earnings and 12 dow components set to report. that includes alphabet, coca-cola, microsoft, and meta the we've also got three central bank decisions on tap. the fed on wednesday, the ecb on thursday, the bank of japan on friday and we are just one week away from a possible

we're going to talk exclusively with mike wirth later in the hour but let's start with the markets aheadf what is a busy week of trading for investors, given we're getting a lot of the s&p reporting numbers, including a lot of the bellwethers, jim. i just mentioned microsoft and meta we can also talk mcdonald's or coke we can go a lot of different places >> alphabet. >> yeah, alphabet. >> i think, david, there's been two tracks of discussion among people there's the irrelevant track, which is the fed, and then there's the relevant track, which is the earnings. i know that's antithetical to everything we say, but there's just empirically, you have to start doubting the idea that if you had followed the fed, each rate increase, you would have sold, sold, sold that was the bear dichotomy. with the bulls being the other side saying, look, if you just focus on earnings, you don't mind paying for them, particularly because worldwide, there's problems, and i come back and i say, i'm definitively in the b-camp, the bull camp, because all discussion around 11 rate increases has been a dodge. it's

what did you like about this announcement there was a lot in this announcement. >> i like mike wirthe in the last five years is remarkable. he's narrowed the gap between exxonmobil and chevron he's taken the perm onand he realized that as a significant asset close to achieving the target of 1 million barrels per day production which we will see them hit in the next couple of years. nice capital allocation strategy and buying back $17 billion plus of stock on an annual basis. so he's just done an absolute remarkable job and when people call into question that there's too much of a concentration in the asset and the perm on, what does he do he goes out and buys pbc energy which gives him exposure in colorado >> you know what i did i sold chevron early in the year and the reason being was the price i thought was too rich and i sold it for $180 and i re-purposed the cash with the thought being i run an income dividend strategy and it's down to 3.5% and pioneer still had a highest single digit and to joe's point the permeon is where it's at and with pioneer you get a pure play on the perm

got that okay our support technician today is ca carter wirth, founder and ceo of wirth charting i sett up for you. >> you sure did, tyler if you look at the golden cross, it's something that's been on the downtrend and the current price over the past several weeks is so aggressive that it's allowing for a short-term moving average of 50-day to move along the longer term moving average and let's tray to figure it out. what you have here is a comparative chart and what it is is three stocks, labcorp which has nothing to do with plaquerock, which has nothing to do with bestbuy, a retailer, a financial and medical company and they're quite correlated leading the way there from the top is the s&p so let's drill down here a bit and look at the year to date chart and you will see if you look at this next iteration what we're talking about. so these are laggards, yes, they have not kept up with the market and you can see the spread is quite wide, but that is the opportunity which is to say playing for stocks that have not kept up with the market. and so we look at them individually, and you w

we got a preview of that but both woods and wirth talking about a world that still needs an awful lotf what they're producing. take a listen. >> i think this year, we're going to see record high oil demand i expect that to be then next year even higher, so certainly in the short to medium term, there continues to be a significant demand for oil and the products that come from oil, primarily because the world is growing, and economic prosperity is improving all across the world. >> mike wirth making the point, evs are here, and over time, yes, that will dampen consumption of gasoline, but chemicals, plastics, ammonia, think about fertilizer, there are so many other use for these products, and that's when you hear woods talking about things like that. it's not just, of course, for automobiles, and that's why you're still -- and those who are very focused on climate change, clearly disappointed to hear the idea we're going to produce more than we ever have >> but interestingly, just looking at a superlative here, third straight drop in profit, that's the longest decline since the 2014-20

an interview with mike wirth is coming up on "squawk on the street."estimates. higher delivery fees weighed on demand but the stock is still up by 1.6%. and bloomberg reports that apple is asking suppliers to produce about 80 million i-phone 15s this year. the report also say apple is considering raising the price for its i-phone models >> joining us is mortgage manager steve iseman. what is this to you? >> i think it's two things we came into the year where most people were predicting the most anticipated recession that's never happened a lot of people were very conservative in their position and are trailing so they're trying to keep up. and there's no evidence of a recession. and a lot of people will chase up and keep chasing. some of our positions from last year were a little conservative. like i said, as long as the economy rolls along, we're going to stay fully invested >> but this has not been an equal outcome. yes, the indexes all look like they're moving up but they're moving up -- >> it's just a few stocks. >> exactly are you buying indexes o

the wirth marshes site is among a number of places the rspb have been preparing for new arrivals making from across the uk, head to the bbc news website. you're live with bbc news. until recently in china, it has been extremely difficult for single women to have children. but attitudes are changing, especially in the big cities, where more unmarried women are choosing to become mothers. stephen mcdonell reports. two—month—old hung—hung is being raised by his mother and grandmother. it's a lifestyle still frowned on by many, especially in rural areas or smaller towns where beliefs are more conservative. attitudes are definitely changing towards single mothers in china, but mainly only in the big cities. this mother said she was lucky to have moved to shanghai to run a business. translation: i'm grateful l for the tolerance of shanghai. i'm from rural hunan, an area which will have a lot of discrimination against me as a single mum. she became a single mother after her boyfriend's family rejected his choice of bride because her income and status was too modest. although she was pregnant,

the wirth marshes site is among a number of places the rspb have been preparing for new arrivals makingtories from across the uk, head to the bbc news website. you're live with bbc news. let's turn now to manipur in india, where a group of women have attacked the home of the main suspect in a high—profile sexual assault case that has triggered widespread protests. the suspect was identified in a video which has been widely shared on social media. it shows two abducted women being paraded naked and assaulted by a mob. the incident happened in may during an outbreak of ethnic violence. our correspondent nitin srivastava is in manipur. he told us more about what's happened today. the police have opened a case of gang rape and they have arrested four men and they have claimed and they have said that they will be making more arrests soon. but the fact is that the question that is being asked widely, notjust here in india, but everywhere else, is why did it take them so long? precisely 62 days since the complaint was lodged by the family of the women who were stripped and paraded by a mob. an

the wirth marshes site is among a number of places the rspb have been preparing for new arrivals makingre stories from across the uk, head to the bbc news website. you're live with bbc news if you fancy a trip to the cinema this weekend, you are spoilt for choice. two of the biggest films of the year have been released today — in an event that fans have dubbed �*barbenheimer�*. that's an amalgamation of the barbie and 0ppenheimerfilms. let's talk to grace stanke who is planning to see both films. she has just been crowned miss america for 2023....and she's a nuclear engineer. these two movies have such a opposite feeling and tone which has led to the incredible hype around them. i often found, especially once i became miss america, earning that title has allowed me to break stereotypes of women because i'm a nuclear engineer. barbie and 0ppenheimer are a parallel in that sense. oppenheimer are a parallel in that sense. .,. , oppenheimer are a parallel in that sense. , ., , ., , sense. the fact is that this has become this _ sense. the fact is that this has become this weekend - sense. t

the wirth marshes site is among a number of places the rspb have been preparing for new arrivals making news website. you're live with bbc news. to the uk the labour leader sir keir starmer says his party is making big strides forward at overturning a huge conservative majority in one of them. rishi sunak insists the next general election isn't a done deal for labour despite suffering spectacular defeats at the hands of opposition parties into conservatives spaces. the tories did pull off a narrow win and boris johnson's old seat. live now to bridget phillipson, labour mp and shadow education secretary. thank you forjoining us here in the program. a big labour when in selby. the mood music was slightly different elsewhere. the labour victory there — different elsewhere. the labour victory there is _ different elsewhere. the labour victory there is absolutely - victory there is absolutely historic. it's the biggest majority that we've ever overturned. we've never had a labour mp in that constituency before. there was a 20,000 majority for conservatives. to win a seat like that in the pri

in the premium base and now they're waving the mandatory retirement age for their ceos so michael wirthtay on longer. can you imagine you can't be older than 65 to run a oil company. i think that is crazy. i'm so glad that the board way back. 65 that is baby years. put amc on the screen please, coming off of a box office weekend too big movers strata. >> stock conversion plan to shares was halted. the barbie opening was. domino pizza, this is interesting the numbers weren't fantastic, profit was better than expected in revenue had fallen, scratch my head when the stock was up substantially earlier, why is it up. basically said because their profits rose even though there was a lot of negatives to the report i think investors are questioning with the report card and the price hikes in the average price hikes was 3.9% in the quarter, things are more expensive. >> pizza was a great pandemic food, we gotta have pizza. >> is the best food all year round. >> speaking of pizza let's talk about new jersey, new jersey's first offshore wind farm just giving federal approval, experts warn the wind