in the case of halliburton versus any sense of humanity, i find that halliburton can go eat a bag of this. order. order in the court. order in the court. jason, who is our next defendant? >> judge johnny, our next defendant is the only cyclist anyone hassor heard of. having won the tour de france in unprecedented seven times after taking an unprecedent amount of steroids. he's perhaps best known for having one tomato under his carrot. he is, of course, noted [bleep] lance armstrong. good luck riding away from the justice that judge johnny is peddling. >> john: thank you, jason. lance armstrong is being sued by the d.o.j. for $120 million for cheating when he was sponsored by the u.s. postal service. that's a tough charge. what's armstrong's defense? >> lance armstrong now says the postal service should have known he was doping. >> he's saying, "i lied. you should have known that i lied." >> john: wow. that's his defense? this guy has got a lot of ball. [ cheers and applause ] he's pleading so guilty it's your fault for not knowing how guilty he is. is he arguing any mitigating circum

it seems like a pretty small amount for halliburton. and not by coincidence a $55 million contribution to the national fish and wildlife foundation. >> yeah, well, $200,000 to a company that has annual revenues of $29 billion is obviously pocket change. even $55 million as a so-called voluntary contribution to an organization which will help clean up and secure the gulf environmentally in the future is not a terrible blow at all. the reason this is significant is because it is admission on halliburton's part that it was trying to cover something up. and that will play out in the continuing civil trial in which the federal government is suing all three companies and a federal judge in new orleans is in the extraordinary position of on his own without a jury and without anyone else telling him what what to do to apportion the blame among the three companies. and if he determines, for example, that b.p. is merely negligent in an ordinary sense you'll get a small number of billions of dollars that b.p. will owe. if b.p. is determined to be

we like halliburton. you can see the stock move up to the mid 50s over the course of the next year or so. >> let's move to dave in ohio. he wants to know whether target is a good one to own. what do you think? >> we like target but retailers are under pressure now. we talked about some of this in the beginning of the show. the increase of taxes, sequester hurt consumer spending. we do think that will improve in the second half of the year, if target comes in here into the high 60s or so, i think it's attractive for a rebound to consumer spending in the second half of the year. >> another sector, fertilizer supplier potash, lauren in north carolina wants to know about the outlook for this company. what is your view on this, pot? >> it's a great fundamental story under pressure for a number of reasons. you've got a normal growing cycle in the united states, so the prices of corn and wheat for example are sitting at 52-week lopes. the the emerging markets are weak from an economic stand point and dollars. so

and here's what's coming up tonight on the big picture yesterday halliburton got off with barely a scratch after pleading guilty to criminal a destroying evidence in what was in effect a murder investigation every day big business gets away with things that an average person would be sent to prison or even executed for isn't it time to bring back the corporate death penalty talk about that and more into night's big picture rubble and believe it or not there are some internet companies that care about your privacy i'll talk to the founder of one of those companies duck duck go c.e.o. gabriel weinberg internets conversations with great marc. it's friday you ready to rumble joining me tonight dutch mark martin. board member of project twenty one contributors all of our story take. organizer and an author and matthew veda senior editor with the capitol research so joining us tonight thank you so again great to be with you think yesterday halliburton agreed to plead guilty to criminally destroying evidence in the investigation of the two thousand and ten b.p. oil spill that led to the death of

and here's what's coming up tonight on the big picture yesterday halliburton got off with barely a scratch after pleading guilty to criminal a destroying evidence in what was in effect a murder investigation every day big business gets away with things that an average person would be sent to prison or even executed for isn't it time to bring back the corporate death penalty talk about that and more into nights big picture rubble and believe it or not there are some internet companies that care about your privacy i'll talk to the founder of one of those companies duck duck go c.e.o. gabriel weinberg internets conversations with great marc. it's friday you ready to rumble joining me tonight a dutch mark martin. board member of project twenty one contributors all of our top story. organizer and an author i imagine invade a senior editor with a capital research and joining us tonight thank you so again great to be with you yesterday halliburton agreed to plead guilty to criminally destroying evidence in the investigation of the two thousand and ten b.p. oil spill that led to the death of eleve

just to make clear, halliburton built the wells in the gulf, is that right? >> it was a part of the whole operation. yes, that fine is pretty low when you consider what happened there. with this deal, halliburton is essentially settling with the justice department and pleading guilty to a misdemeanor. misdemeanor violation for pressing the delete button on records related to the disaster in the gulf of mexico. i know what you want to know. what was it hiding? it was hiding documents for the cement testing for that well and computer models that would have weakened its case that bp neglected to follow critical advice from halliburton. by hiding these documents, halliburton was trying to pass the blame over to bp, which, as much asphalt as bp is already pleaded guilty criminal charges related to the explosion and paid billions of dollars in fines and continues to pay billions of dollars in fine. going back to this deal for halliburt halliburton. paying a penalty for $200,000. that is the maximum fine. halliburton also voluntarily gave $55 million for the nationa

oil own brig halliburton was the corporation that had designed and built the well and before drilling even began it was how burns job to make the necessary recommendations to ensure the safety of the well that included the construction of twenty one the stabilizing collars throughout the well however b.p. chose to only build six and how burton never made a peep about it despite knowing the risks involved and cutting these corners immediately following the disaster it was revealed that how the burn ordered workers to destroy computer simulation showing what would happen if less than twenty one callers were used and any given well the result of. which we sadly already know eleven people dead hundreds of miles of gulf coast covered in petro sludge and a holocaust of sea creatures now we already know b.p. isn't hurting much after having to pay a couple of fines over the spill remember no one went to jail and the company keeps giving government contracts so how does how they burn making out in light of a guilty plea no surprise here the company guilty of criminal negligence is barely getti

." >> officials say halliburton will lead guilty to wrongdoing in connection with the largest oil spill in united states history. the april explosion and fire on a drilling platform killed 11 workers and spilled five million barrels of crude in the gulf coast and the government says halliburton destroyed evidence it ignored recommendations that would have improved safety on the rig and halliburton designed and built the well for b.p. and will pay $200,000 fine. >> 49ers quarterback brown is looking for a new agent after finding out yesterday he unknowingly forfeited $2 million from his salary. a clause in the 28-year-old contract paid him $2 million for participating in a 49ers off season workout and he didn't. he trained on his own in texas instead. he fired his agent for not letting him know about the chaws. he still is set to make under $1 million this season a third of what he would have made if he had attended the workouts. painful. >> even the agent, 10 percent, $200,000, the agent would have made. that hurt everyone across the board but for the 49ers. >> what about hazard pay? >>

halliburton joins b.p. and rick op. trans ocean and admitting to criminal wrongdoing in connection with a blowout that killed 11 creek workers. the ohio man accused of keeping up three women captive in his cleveland home for about a decade will be in court today for a possible plea deal. ariel castro, whose trial is set to begin aug. it, has pleaded not guilty to nearly 1000 counts of kidnap, rape and other crimes. castro is eligible for the death penalty but his lawyers are trying to eliminate that possibility. if the prosecution goes along with it, it's partly because the three victims would have to testify. new details and the aaron hernandez case. authority's a surveillance photos showing him holding a gun just moments before, and after his friend was shot to death. these photos taken from hernandez its own surveillance system, and the public's first look at images apparently showing hernandez holding a gun before and after the killing. hernandez has pleaded not guilty to murder and the death of boldin-- odin lloyd.

halliburton faces a $200,000 fine. it's also given $55 million to the national fish and wildlife foundation. the explosion killed 11 people in the gulf of mexico and soiled hundreds of miles of beaches. >>> a giant hedge fund is pledging to continue operations as normal as it faces charges of insider trading. lawyers for sac capital advisors are expected to appear in federal court in manhattan this morning. the charges say the company allowed an environment of extensive insider trading. >> it spanned more than a decade in time, involved securities of at least 20 public companies, extended across multiple sectors of the economy, and benefited sac to the tune of at least hundreds of millions of dollars. >> so far, eight sac capital employees have pleaded guilty. >>> 20 minutes after 5:00. coming up that's joey chestnut at it again. find out how many wings he had to down to retain the title of champion. >> good morning, everybody. ah, i know what you're thinking. what's vern doing there? what happened to dennis? it's all

halliburton ordered workers to destroy papers about that design. they'll make a separate $55 million payment to the national fish and wildlife foundation. >>> and sac capital expected to be arraigned today at 10:00 a.m. eastern. federal prosecutors filed charge against the hedge fund giant accusing the firm of rampant insider trading at an unprecedented scale. >> sac became, over time, a veritable magnet for market cheaters. the sac companies operated a compliance system that appeared to talk the talk, but almost never walked the walk. and that is why today the institution itself, rather than just individuals, stands charged with wire and securities fraud. >> just wait until that hedge fund goes to jail. because it is not going to like its cell mate, it's going to hate the food. >> they have decided they can't get steven cohen, so they're going to go after his firm and -- >> the troubling sac case, can a criminal enterprise be headed and run by someone who isn't a criminal? when they send that hedge fund to jail, seriously, it is going to see what

symbiont of the money was none other than halliburton which could have something to do with the fact that a hell of burton was formally under the command of captain dick cheney and the company gave the former v.p. a hefty pay out of thirty four million dollars shortly before he took office if there's one thing we know about dick cheney it's that he's a war criminal so most likely any company he's managed doesn't have human rights in the rule of law and its top priorities so it's no surprise that it's former subsidiary defense contractor kellogg brown and root or k.b.r. has been mired in numerous scandals over the years most notably the case of former k.b.r. employee jamie leave jones who was drugged and gang raped by her colleagues in a lawsuit jamie lee accused k.b.r. of locking her in a shipping container after she reported the rape and later tampering with the evidence and being an enormous lobbying force they are k.b.r. not only one not lawsuit but actually tried to make her pay for their legal fees. and that's not all beyond the no bid contracts in the covering up of rapists the

symbiont of the money was none other than halliburton which could have something to do with the fact that a hell of burton was formally under the command of captain dick cheney and the company gave the former v.p. a hefty pay out of thirty four million dollars shortly before he took office and if there is one thing we know about dick cheney it's that he's a war criminal so most likely any company he's managed doesn't have human rights in the rule of law and its top priorities so it's no surprise that it's former subsidiary defense contractor kellogg brown and root or k.b.r. has been mired and numerous scandals over the years most notably the case of former k.b.r. employee jamie lead jones who was drugged and gang raped by her colleagues in a lawsuit jamie lee accused k.b.r. of locking her in a shipping container after she reported the rape and later tampering with the evidence and being an enormous lobbying force they are k.b.r. not only one not lawsuit but actually trying to make her pay for their legal fees i'm not kidding and that's not all the on the no bid contracts and the cove

symbiont of the money was none other than halliburton which could have something to do with the fact that a hell of burton was formally under the command of captain dick cheney and the company gave the former v.p. a hefty pay out of thirty four million dollars shortly before he took office and if there's one thing we know about dick cheney it's that he's a war criminal so most likely any company he's managed doesn't have human rights in the rule of law and its top priorities so it's no surprise that it's former subsidiary defense contractor kellogg brown and root or k.b.r. has been mired in numerous scandals over the years most notably the case of former k.b.r. employee jamie leave jones who was drugged and gang raped by her colleagues in a lawsuit jamie lee accused k.b.r. of locking her in a shipping container after she reported the rape and later tampering with the evidence and being an enormous lobbying force they are k.b.r. not only one not lawsuit but actually trying to make her pay for their legal fees get in and that's not all beyond the no bid contracts in the covering up of

oil owned brig halliburton was the corporation that had designed and built the well before drilling even began. it was how the burtons job to make the necessary recommendations to ensure the safety of the well that included the construction of twenty one the stabilizing collars throughout the well however b.p. chose to only build six and how burton never made a peep about it despite knowing the risks involved and cutting these corners immediately following the disaster it was revealed that how the burn ordered workers to destroy computer simulation showing what would happen if less than twenty one callers were used in any given well the result of which we sadly already know eleven people dead hundreds of miles of gulf coast covered in petro sludge and a holocaust of sea creatures now we already know b.p. isn't hurting much after having to pay a couple of fines over the spill remember no one went to jail and the company keeps giving government contracts so how does how they burn making out in light of a guilty plea no surprise here the company guilty of criminal negligence is barely getti

sybrina fulton said in a statement -- >>> a ruling related to the 2010 bp oil spill, halliburton has pleaded guilty and will pay a fine in that disaster. it killed 11 workers and dozens of oil spilled into the gulf. the company will pay the maximum fine of $200 thousand and halliburton will be on probation for three years. >>> federal authorities are calling it the biggest data breech in our nation's history. including big-name stores. tracy potts is live in washington, d.c., with details. do we know who's behind this alleged scheme? >> we know that five people have been indicted. four russians and an ukranian. not clear where all of them are right now. but authorities say this was huge. it resulted in $300 million in losses. this involved some of the biggest stores in this country. take a look. wall street was hit. jet blue, the dow. a number of businesses out there, including harlan, one of the biggest processing firms. they took one of the biggest hits. how did it happen? they hacked the computers, got the numbers and stored them not only all over the country but all over the worl

he lived in dallas and ran halliburton from there that. means they're both texans. under the 12th amendment, when texas' electors would meet to cast the state's electoral votes for president and vice president, they would be barred by the 12th amendment of the constitution from casting those votes for both george bush and dick cheney. they could vote for one or the other of them but could not vote for both of them. if it turned out to be a close election in 2000, that might matter. how do deal with this problem? dick cheney decided to move. technically, at least. cheney lived in dallas while he was chairman of halliburton company until he changed his voting registration to teton county, wyoming. four days before becoming bush's running mate. cheney lived in dallas, but he changed his registration to wyoming four days before the announcement that he had picked himself to be bush's running mate. nice work. maybe people won't notice. last week, cheney put his dallas house up for sale for $3.1 million. he didn't even bother to put his dallas house on the market until el

symbiont of that money was none other than halliburton which could have something to do with the fact that a hell of burton was formerly under the command of captain dick cheney and the company gave the former v.p. a hefty pay out of thirty four million dollars shortly before you took office if there's one thing we know about dick cheney it's that he's a war criminal so most likely any company he's managed doesn't have human rights in the rule of law and its top priorities so it's no surprise that it's former subsidiary defense contractor kellogg brown and root or k.b.r. has been mired and numerous scandals over the years most notably the case of former k.b.r. employee jamie lead jones who was drugged and gang raped by her colleagues in a lawsuit jamie lee accused k.b.r. of locking her in a shipping container after she reported the rape and later tampering with the evidence and being enormous lobbying force they are k.b.r. not only one not lawsuit but actually trying to make her pay for their legal fees. and that's not all be on the no bid contracts in the covering up of rapists the c

halliburton will pay a $200,000 fine and be on probation for three years. >> tokyo's nikkei dropped 3% hitting a three-week low. hong kong's hang seng added a quarter percent. wall street was a mixed bag. dow jones posted 13 pointed higher and the nasdaq finished 19 points higher driven by a rally. >>> zingo once a darling stock rose due to popular it of facebook. it dropped in the quarter. zynga stock is down 70% from its 2011 public offering price of $10. >>> and the dallas cowboys have joined a growing list of sports teams to have a corporate name on their home venue. cowboys stadium will now be known as at&t stadium. officials declined to say how much the deal is worth but it's estimated to be $400 million to $600 million for 20 to 30 years. anne-marie? >> erica ferrari here in new york. thank you, erica. >>> coming up on the "morning news," the latest on the aaron hernandez investigation. >>> and -- >>> he's an argumentative perpetually horny middle-aged man. >> the woman engaged in sexting with weiner speaks out. this is the "cbs morning news. the usual, bob? not today. [ male an

halliburton will be on probation for three years. now, the company also voluntarily donated $55 million to the national fish and wildlife foundation. >>> speed at the moment is at the center of a probe into the deadly train derailment in spain. by all accounts, the train was going too fast when it entered that curve in this breathtaking video. it derailed sending cars flying off the tracks, killing 80 people and injuring dozens on wednesday. the 52-year-old driver is detained and under a formal investigation. nbc news has learned a virginia woman, anna maria kcordova, is among the dead. five americans also injured. the accident is spain's worst in four decades. >>> a life saving plea deal could be in the works for accused killer, rapist and kidnapper ariel castro. nbc news learned prosecutors will scrap the death penalty in favor of a guilty plea. he would get life in prison plus parole plus 1,000 years. that would avoid a lengthy trial and spare his three victims from the trauma of testifying. that deal could be announced today at a

shares rose friday on halliburton's plan to buy back $3 million in stock. airlines in europe are taking preventative measures with boeing dreamliners. the faa is asking airlines to inspect or remove the jet's emergency locator transmitters. the part is linked to the fire aboard an ethiopian airlines 787 at london's heathrow earlier this month. also, united airlines is the second airline to uncover a damaged wire in the emergency transmitter. japan's all nippon airways was the first. boeing faces a $2.7 million fine from the faa for failing to fix issues on its 777 jets within a set time period. deckers, the company famous for ugg shoes and boots, is hitting the skids. the stock fell more than 9% friday as the company disclosed a suprising decline in sales in the ugg brand. deckers also cut back on marketing in the first half of the year. overall earnings results, however, came in better-than-anticipated. shares of black and decker powered more than a dollar higher as earnings topped estimates due to strong growth in the do-it-yourself and industrial constru

halliburton has been ordered to pay the maximum possible fine. a blowout on the deepwater horizon rig led to the worst offshore oil spill in u.s. history. 11 people died in the explosion. colombia's president defended a law that has paved the way for ongoing peace talks with rebels. president santos has testified in the constitutional court hearing on challenges to the legislation. critics say the measure offers a backdoor amnesty for war crimes. the court can declare the framework legal, unconstitutional, or seek changes to the text. to "the and welcome health show" -- your weekly guide to the world of medicine. coming up, a technology that allows surgeons to operate right inside a beating heart. the latest equipment designed for the

halliburton was bp's cement contractor on the drilling rig that exploded. the disaster caused 11 deaths and triggered the largest u.s. offshore oil spill ever. >>> we're getting our first look at the actual crash of the passenger train that derailed yet in spain. the train is moving at a high rate of speed going into the curve and then tumbling over. 80 people were killed. tonight we're learning the driver did little to hide his taste for speed. last year the driver posted a picture of a train speedometer needle at 125 miles per hour, and bragged that the reading had not been tampered with. he also wrote on his facebook page it would be a rush to go so fast past police that the rail company would be fined. the driver is under police guard as he recovers in the hospital. >>> the ntsb says it appears the nose gear hit the ground before the mainlanding gear, sending flames shooting from the fuselage. 16 of the 150 people on board were hurt. the flight data and cockpit voice recorders are now being analyzed. >>> newly released surveillance photo show former new

we are seeing halliburton with an up arrow but it is up 3.8%, 4604 for halliburton. we noticed $3.3 billion auction which was about 8% of the shares. the other headline is about the oil spill and halliburton pleads guilty to destroying the gulf spill evidence so with that they may have a maximum statutory fine of $200,000, three years probation, back to 2010 the deepwater horizon drilling rig explosion and i wanted to add voluntarily they will be paying $50 million to the fish and wildlife foundation according to the justice department. back to you. dennis: local government's dire fiscal conditions brought him into harsh light once again while the bankruptcy proceedings going on in detroit but one place government is getting it right is texas where the economy is booming so we have texas state comptroller republican susan combs. you were on markets now back in january and may ran a chart where one was forecasting a different deficits and they had a $9 billion deficit for tx. you insist it is not going to happen. what was the turnout? >> we had money left in the kitty

. >> in finishing the well, the plan was to have a subcontractor, halliburton, place three concrete plugs, like corks, in the column. the transocean manager wanted to do this with the column full of heavy drilling fluid--what drillers call mud--to keep the pressure down below contained. but the bp manager wanted to begin to remove the mud before the last plug was set. that would reduce the pressure controlling the well before the plugs were finished. why would bp want do that? >> it expedites the subsequent steps. >> it's a matter of going faster. >> faster, sure. >> who won the argument? >> bp. >> if the mud had been left in the column, would there have been a blowout? >> it doesn't look like it. >> to do it bp's way, they had to be absolutely certain that the first two plugs were keeping the pressure down. that life-or-death test was done using the blowout preventer which had the damaged gasket. investigators have also found that the b.o.p. had a hydraulic leak and a weak battery. [watch ticking] >> bp blames a contractor for the disaster. >> the responsibility for safety on the drillin

halliburton just a. minute to destroying evidence in the deepwater horizon the gulf of mexico oil spill they admitted to it and all they're having to pay is a two hundred thousand dollars fine avoiding jail not being criminally prosecuted and the other normal person would go directly to jail sit this the next the rest of your life out essential but you know they collect the bankers will collect hundreds of millions two hundred million two hundred billion two hundred trillion in subsidies and bailouts write the average should know get two hundred dollars food stamp to go to wal mart to buy some baby formula for their screaming little american to a baby but most of the other bankers are the. where they're getting two hundred billion dollars freebies by just going around the board everyone else is trapped is trapped in his little houses and they're trapped in these little units these little joes of american ghettos the american get out because you know google leg and they give him a little they give the lit

halliburton just a. minute to destroying evidence in the deepwater horizon the gulf of mexico oil spill they admitted to it and all they're having to pay is a two hundred thousand dollars fine avoiding jail not being criminally prosecuted and the other normal person would go directly to jail sit this the next the rest of your life out essential but you know they collect the bankers will collect hundreds of millions two hundred million two hundred billion two hundred trillion in subsidies and bailouts right the average schmoe gets that two hundred dollar food stamp to go to wal-mart to buy some baby formula for their screaming little american to a baby but most of the other bankers are the. where they're getting two hundred billion dollars freebies by just going around the board everyone else is trapped is trapped in his little houses and their trucks in these little units these little ghettos of american ghettos the american ghetto because you know and they give a little thing to the little guys are goin

i can throw out whether it is a chevron, or a hess or a schlumberger or halliburton. which is the best place to be right now? >> i think the best position space is the u.s. e& companies, the oil and gas producers driving this energy renaissance in the u.s. one of the most surprising things to me is over the past two years the u.s. s&p, e& p index is flat. essentially all of the economic return has been going to other companies. that's the space and today it looks very well positioned. >> john, if that would not case and this is joe by the way, do you believe the expectations, the earning expectations of the street for energy equities are basically too low? >> i think the expectations are too low. i think it is difficult to make a giant commodity call. i think that's dependent on the overall economy. i am not making big bets on oil prices or gas prices. what i think people are missing are the cost structures. in 2011 and 2012 we saw the refiners substantially out perform everything else in energy because their cost structure was falling. now i think we're on the precip

what the halliburton is going on you? like it? >> it's all that gum. >> gum? >> time. >> their gum has gone down, the substance that they put into fracking, a substance which is in a lot of food. gone up from $1 to $12 to get this substance to actually do fracking. that's come down. halliburton is a real big industry leader, also done very, very well to -- to crimp its costs. we think it's a really good long-term buy and will outperform the markets. >> j.j. burns, thank you very much. sue, down to you. >> apple's main website for developers remains shut after hackers tried to steal sensitive information. the tech giant now forced to overhaul its database and its server software to prevent future breeches. seeing more and more government agent significance under hack attacks. what is the real cost of the attacks to the american economy? eamon javers is here with the latest. what do they tell you? >> reporter: been one of the long running questions in the world of cyber crime. how much does it actually cost? a little bit like the drug trade. you know it's out th

halliburton joins the b.p. and and rig operator trans ocean in admitting to criminal wrongdoing in connection with the blowout that killed 11 workers and spewed 4.9 million bar. of oil into the gulf over 86 days. >> we will be right back. lin >> there are new details in the child molestation case involving a y-m-c-a daycare worker. kron four news has learned that the suspect has worked at multiple locations, not just the one site at the center of the investigation. nicholas lhermine is facing 4 -felony counts including possession of child pornography. police investigators say they are reviewing other crimes for possible prosecution. in addition, investigators have sent out 26-hundred letters to parents. >> there are some students who may not have came in contact with him. but we just want people to be aware just in case their child was exposed to him. >> ."from time to time" >> lhermine worked for the ymca in morgan hill for 4 years. his mother also works for the y as an administrator. she is currently on leave

halliburton just. admitted to destroying evidence in the deepwater horizon the gulf of mexico oil spill they admitted to it and all they're having to pay is a two hundred thousand dollars fine avoiding jail not being criminally prosecuted and the other normal person would go directly to jail sit this the next the rest of your life out essential but you know they collect the bankers will collect hundreds of millions two hundred million two hundred billion two hundred trillion in subsidies and bailouts right the average schmoe gets that two hundred dollar food stamp to go to wal mart to buy some baby formula for their screaming little american to a baby but most of the other bankers are the. where they're getting two hundred billion dollars freebies by just going around the board everyone else is trapped is trapped in his little houses and their truck in these little units these little ghettos of american ghettos the american ghetto casino and they give him a little think of the little guys this is going

it comes from the subsidiary of halliburton which says it is guilty of destroying evidence. after that rig exploded and spilled millions of gallons of oil. the company will pay $200,000 fine and accept three years of probation. it has also made a $55 million contribution to a conservation group. the guilty plea must still be approved by a judge. >> the cleveland man accused of holding three women captive for a decade due in court today amid reports of a possible plea-bargain. sources say the deal to spare ariel castro the death penalty calls for him to spend his life in prison. victims could avoid testifying in a trial. castro facing 1,000 charges including kidnapping, rape and murder. >> i suppose it really would be nice if the poor victims didn't have to go back. >> back in there and live through all of this. some people say he deserves the death penalty. life in prison. >> he will avoid the death penalty. obviously. if in fact this happens. apparently he its said to be considering the deal right now. here is an interesting tidbit. the city controls the property where he a

halliburton just a. minute to destroying evidence in the deepwater horizon the gulf of mexico oil spill they admitted to it and all they're having to pay is a two hundred thousand dollars fine avoiding jail not being criminally prosecuted and the other normal person would go directly to jail sit this the next the rest of your life out essential but you know they collect the bankers will collect hundreds of millions two hundred million two hundred billion two hundred trillion in subsidies and bailouts right the average should know gets that two hundred dollar food stamp to go to wal mart to buy some baby formula for their screaming little american to a baby but most of the other bankers are the. where they're getting two hundred billion dollars freebies by just going around the board everyone else is trapped is trapped in these little houses and they're trapped in these little units these little ghettos of american get out of the american ghetto because you know and they give him a little they give the li

halliburton joint b.p. and rick op. trans ocean and admitting to criminal wrongdoing in connection with the block that killed 11 reporters and spewed up 4.9 million bar. of oil into the off over 86 days. >>mark: in east bay mother is charged with vehicular manslaughter for causing a crash in richmond that killed her young daughter. the five year-old girl was ejected and crushed by the sec. you can see the wreckage from the may 20th of crash. this is video from our helicopter partnership with abc seven of three prosecutors say, arkita myers 7 year-old daughter were not wearing seat belts. myers was not buckled up in a car seat. they survived. the four other people survive the crash. " " the story is that the baby was taken while the mother was there. who would do that? " serious questions being raised around the story told regarding the july 10th is the parents of baby daphne web, the man raising the questions her grandfather kevin davis. " a lot of questions that we don't have answers to yet. " i caught up with davis ou

. >> what burn will -- halliburton will plead guilty in connection with the largest oil spill from a drilling platform that killed 11 and spilled five million barrels of crude oil. halliburton destroyed evidence that it ignored recommendations that would have improved safety on the rig. they designed and built the well for b.p. under a deal, they will pay $200,000 fine. >> 49ers quarterback brown is looking for a new agent after finding out he forfeited $2 million from his salary with a clause that paid him $2 million for participating in the 49ers off season workout. he didn't. he trained open his own in texas. brown fired the agent yesterday for not letting him know of the clause. he will make under $1 million this season, a third of what he would have made if he attended the workouts. he jointed for the opening of training camp yesterday and this year all eyes are on kaepernick. last year kaepernick started the season in obscurity as the backup to smith but now he is the leader of the franchise after leading the 49ers to the super bowl last year while earn the trust of the teammat

one is halliburton and superior energy. both are into the infrastructure of the oil business. why do you like them? >> with oil at these price levels the cap-ex budgets will continue to be very buoyant. it was a slow start to the beginning of the year. we think those budgets get spent in the second half. these are two well-run companies. superior is more of a play-doh domestically. halliburton allows to us play globally. this is a way with a global company we can get exposure. liz: lincoln, this is on a day where nicole mentioned to us tesla jumping 9% and oil is higher on what is a very disconcerting situation in egypt somewhat of a standoff between morsi and the military and a million plus protesters. we have live pictures watching throughout the day. now with darkness descending you still have those crowds refusing to leave. by the way they go as far as the eye can see, we should mention that. was that fireworks i saw? it is festive now. you know how quickly these what happens to oil if anything happens in this crowd? >> well, think you've seen a lot of spread between brent

thank you so much. >>> watching halliburton, watching the markets at large. s&p and dow are on track to end the weekly winning streak at four. it will be the first negative week on five. watch gold today. >> july -- just before we get to that, all month we've seen little moves largely to the upside. now we have a triple digit day ending to the downside. here is a look at gold. it is down 1%. it's been up nearly 10% in the last three weeks. that's the best gain in two years. the extent to which that short covering versus people pricing in more perhaps shall i say it easing, qe. that's going to be the conversation. >> i tweeted bernexit. we'll be talking about that over the next few months. >> months i was going to say as well. >> good weekend to you. >> thank you. >> see you monday. let's get back to headquarters. scott wapner and t"the halftime" >>> thanks so much. welcome to "the halftime show." four hours until the close. it's a red day on this friday on the street. got the dow down 108 points at this hour. here is what we're following on "the half." the eu

if you look at it, halliburton rose 15% of the equipment which is not that much. the profit margin dropped to 11% in the fourth quarter. it had been 31% so they are getting squeezed from those numbers. another qb damon the industry. they had a margin of fell to 8% in the second quarter. had been 22. is it possible that -- did they think that there was some sort of collusion and now it's gone? i can make sense of it. >> i have some phone calls. i talked with people, different dustry people trying to find myself. they were stunned. one of the most dynamic competitive parts of the oil industry with people coming in and going all the time. it will be very hard to monopolize or caramelized that section. we have prices last year for this service dropped 14%, expected to drop another 6% this year. so your suing companies for monopoly when prices are going down. add on now. melissa: anyway you look at i the top 4% -- i'm sorry, the top four companies with the largest 43 percent of the industry. so the big guys together only control 43%. there's no way a look at the stf. w

ashley: james, you mentioned halliburton. it's, what, the largest fracturing company in north america. >> correct. ashley: is it the king right now as far as the fracking business goes? >> in fact they are the king. they have 44% of revenue comes from fracturing. the majority comes from north america which is the biggest fracturing market. ashley: is there room for growth? >> i think so. halliburton can grow 25% plus per year next three to five years. ashley: you think fracking which environmentalists don't like could it end up tied up in a lot of court action? >> i think at this point it has been proven over and over again, we've been fracturing for over 70 years. ashley: not at this table. >> well bee loathe depths of water table. as long as proper procedures are in place and proper case something in place we think it is environmentally safe. ashley: jason, what do you make about marathon oil? >> marathon is taking advantage what happened with technology. marathon has a strong position in the place called the eagle ford. th