that is the key question in the chevron case. they push that aside and said the courts have to defer, but that is wrong. under the constitution, the courts should have the first view of whether congress has empowered an agency to do something. languagere is enough in the supreme court's recent holdings on environmental regulations and other things, that a judge could hold regulators' feet to the fire, whether through substantial evidence requirements or otherwise. congress could strengthen that, but the political capital required to do something like that would not be that much more, it would be about the same as something to pass the rains act, which would have congress approve any major regulations. big things like that are probably a better use of activist or academic resources than tinkering with substantial evidence. saagar: i see in other hand, in the back. hand, in the back. would you please comment on the following. wrong to calls congress the problem, because in the mic lee example, we will get more 2000 page affordable

that is the central problem with chevron. it was only within the last few years the court appeared to become understanding that what they had done was for years left out of consideration, an act of congress, administrative procedure act adopted in 1946. they just ignored it. if the administrative procedure act comes back into effect and i think it should, what the effect of that would be, if the courts enforce it is that all decisions by agencies would have to be reviewed first by the courts for their agreement with the power that the agency has the power to make that decision. that is the key question in the chevron case. they pushed that completely aside and said the courts have to defer but that is wrong. under the constitution, courts should have the first view of whether congress has empowered an agency to do something. saagar: ilya? ilya: you know, there is enough language in the supreme court's recent holdings on environmental regulation that a judge could hold regulators' feet to the fire more whether through substant

that is the central problem with chevron. it was only within the last few appeared tourt become understanding that what they had done was for years left out of consideration, an act of congress, administrative procedure act adopted in 1946. they just ignored it. if that comes back into effect and i think it should, what the effect of that would be, if the courts enforce it is that all decisions by agencies would have to be reviewed first by the courts for their agreement with the power that the agency has the power to make that decision. that is the key question in the case.they pushed back completely aside and said the courts have to defer but that is wrong. under the constitution, courts should have the first view of whether congress has empowered an agency to do something. >> you know, there is enough court's in the supreme recent holdings on environmental that a judge could hold regulators feet to the fire more whether through substantial evidence requirements or otherwise. congress could strengthen that a little. i think

it's a tale of saudi aramco and chevron. joining me is our managing editor of energy and of commodities, and rachel in houston. let's kick it off with aramco. testing a $2 trillion valuation on thursday, when will we get to know the real market value of the company? tina: we've had two full days of trading now. they went up to their daily limit of 10% and today they went up about 5%. for a few brief hours, they were trading at the magical $2 trillion level. that is the level that the saudi crown prince was looking for. where do we go from here? investors have told us they think it will increase by another 10% to 18% in the next week. on the other hand, we got a note today saying get out, it's time to sell. opinions are all over the place. alix: considering the difficulties the crown prince had bringing this close to $2 trillion valuation, it's impressive they got there. does is do anything to the international listing? tina: there was a pullback and it became a local effort. you see a lot of local money in this. that defeats

if you kmar compare right now chevron with exxon -- by the way i sold exxon to buy chevron. why? a lot of it has to do with the team he built over the years, streamlining the operation, being more efficient, taking in revenues but making more of the earnings than xlm right now. they trade fundamentally a inexpensive. looking at 16 ob 17 pe versus exxon trading higher you do get a dividend yield about 4% with exxon about 5% this is what i like about the company. looking at the chart, the reason why the chart looks the way it does in terms of from being down here even 115 it's been moving here to the upside now has it made a huge move this year, year to date depends on where you want to start. right here where it was, right here where it was. where do you want to start in this is a company i think is strong they can navigate and the shale play is something that's big for them going forward >> does anyone have questions for professor pete. >> my question would be the fact that they ratcheted down the commodity prices does that concern you or are they sand bagging. >> sandbagging and

it's a tale of saudi aramco and chevron. joining me is our managing editor of energy and of commodities, and rachel in houston. let's kick it off with aramco. testing a $2 trillion valuation on thursday, when will we get to know the real market value of the company? tina: we've had two full days of trading now. they went up to their daily limit of 10% and today they went up about 5%. for a few brief hours, they were trading at the magical $2 trillion level. that is the level that the saudi crown prince was looking for. where do we go from here? investors have told us they think it will increase and other cash -- by another 10% to 18% in the next week. on the other hand, we got a note today saying get out, it's time to sell. opinions are all over the place. alix: considering the difficulties the crown prince had bringing this close to $2 trillion valuation, it's impressive they got there. does is do anything to the international listing? tina: there was a pullback and it became a local effort. you see a lot of local money in

chevron in 2001 deliberately dumped more than 16000000000 gallons of toxic waste water spilled roughly 17000000 gallons of crude oil not just destroying the environment but causing cancer among the natives lawyer stephen dons or helped ecuadorian communities with a 9500000000 with a big judgment unfortunately chevron is allergic to giving. chevron fled ecuador and never paid a dime to the affected communities instead they went after don zucker with the help of a corrupt court system donz of his law license was suspended in new york based on the allegation that he was an immediate threat to the public interest due to his litigation against chevron a laughable supervillain judge named to look lewis kaplan held doniger in civil contempt seized his passport bind of $200000.00 per day for refusing to turn over his computer and phone figure has been can bind confined to home detention and required to wear an electronic monitoring device. so i'm going to say lawyers fighting for the truth are persecuted. i mean this guy proved in court in a court of law one of the largest environmental crimes

alex cunningham with chevron is here, and tell us what chevron has been doing to help the food bank? >> we're committed to giving back to the health and wellness of our communities, and we're headquartered right here in the bay area. >> reporter: you have something here, i don't you reveal it, and how much is the check for? >> $150,000. we're pleased to give it to the food banks. >> reporter: john is with the food bank, and this goes a long way. >> absolutely. this goes a really long way to help those people in need in our community. chevron has been a great partner for us throughout the years. we serve 1 in every 8 people here in our 2 counties, and this is just a great contribution that will help a lot of people. >> reporter: absolutely. i also want to ask, your employees have actually been doing things day in and day out to help the food banks as well. >> yes, we have close to 500 employees that volunteer throughout the year, not just the holidays, and also raised close to $50,000 of their personal funds that will be matched by chevron as well. >> reporter: we can't thank you enou

it turned positive despite fact that chevron was weighing on the markets. important thing about today, fed meeting, but, boy, what a different fed meeting today than it was last year remember last year's in the time, december 19th, later than normal this is the s&p for december of last year, what a mess that was. here you go, this is the december 19th fed meeting. they raised rates for the fourth time, 2.5% as i recall we had this whole cascade down to the close on december 24th when we were down, what, another 2% or so on that day, 2.7%, the worst christmas eve ever we had the fed raising rates we are concerns about the government shutdown and the trade issues remember, december 4th, when the president came out and said, i am tariff man, we dropped another 11.5% on that day. by the time we got down to where we are today, what, december 11th or so, bottom line, down 5% for the s&p already. we're flat going into december right now, for 2019. the point is, this is a completely different december than we were seeing -- who knows how it ends, different numbers

chevron to take charge reducing assets. more than half of the write down is due to gas drilling in april latcha those shares off one quarter of one percent pre-market chevron ceo here this morning coming a must-see interview ollie's bargain outlet is soaring. also promoting swygert to permanent ceo. those shares up 11.5%. gamestop, reporting a surprise loss as same store sales are cut. cutting the forecast as it struggles to the shift of digital downloads. those shares off 15% pre-market. >>> straight ahead why we are live in washington the articles of impeachment are making the rounds as president trump continues to defend his innocence. >> announcer: today's big number, $30 billion. that's how big the legal cannabis industry is expected to be by 2025 according to a report by new fro frontier data. cascade platinum. it's specially-designed with the soaking, scrubbing and rinsing built right in. cascade platinum's unique actionpacs dissolve quickly... ...to remove stuck-on food. . . for sparkling-clean dishes, the first tim

about the value of things in the ground right now if chevron says $10 million is overvalued on these properties it costs more money for a lot of these new techniques to get out of the ground. if they are acknowledging $10 billion, who knows if it is valued >> is this a valuation overall >> that is where it is coming from now >> you think the overall value for oil, it is not that propertiable to get that out >> our peek oil friend, simons we were arguing with them 12, 13, 15 years ago boone who just passed away finally conceded that he was dead wrong about oil we are making our suvs a little longer, which you just saw we are going to talk more. i'm excited about having worth on he's a good guy. >> ceo michael wirth will join us at 8:30 eastern to talk about why they are writing this down and getting rid of some assets they are doing restructuring in good times they have the flexibility and ability to do that shares of chevron down >> my next read is about the usmca. >> you are going the wrong way you are backwards. >> look at the camera. >> i'm looking at you. you are looking backward

chevron. innovating to meet the energy demands of today and tomorrow. >> brennan: this week the u.s. and china agreed on first phase of a free trade deal that would roll back some american tariffs. it's expected to be signed in early january. we're joined now by the u.s. trade representative, robert lighthizer, the top negotiator in those talks with chinese officials. good to have you here. >> thank you for having me, margaret. >> brennan: it's huge to have the two largest economies in the world cool off some of these tensions that have been rattling the global economy. but i want to get to some of the details here. china says it still needs to be proofread and translated is. you being here today a sign this is done, this deal is not falling apart. >> first of all, this is done. this is something that happens in every agreement. there is a translate period. there are some scrubs. this is totally done, absolutely, but can i make one point, because i think it's really important. friday was proba

chevron taking a massive ride down ceo effectively saying, well, prices, they're not going anywhere higher from here. this follows a build up in inventories that took the market by surprise. we will dig into that as well. and here is a riddle for you what do area 51, disney plus, the avengers, and sri lanka have in common? there is an answer and we've got it ahead but right now, to the man who probably knows the answer because he looked at inews dominic chu with a look at the markets. >> i do know the answer to that but i'm going to save that that's a great tease but anyway, this is a very calm market, brian. you would expect this going into the last fed decision of the year of the decade, as you put it the dow industrial's down about 41 points right now. so fairly even at this stage but remember, at the highs, we were only up about 23 points very still market so far by the way, with the s&p 500 flat as it is, can you believe it's been 42 trading days since the s&p has moved 1% in either direction? that's how still these waters. we'll see if they run deep one place we are seeing some nice

let's -- let's talk chevron. why? >> can't we find something that have just gone up a lot and are very comfortable to talk about chevron. >> you're a contrarian you want to play contrarian ball let's play. >> exactly they've had oversupply approximate fears for a long time demand is still growing very slowly there i think chevron is very well-positioned. chevron's very well-positioned $219 billion market cap. it's 19 times earnings going to grow earnings at 8% and you got a 4% dividend. i think the total return on this stock is double digits as you go forward. great, solid company. >> here's what we're going to do on our website, we're going to put the rest of the names because we're going to take a break and come back and do final trades. >> pay attention to valmont, too. they make towers it's a really cool company. >> we appreciate it. michaefa final trades are next. ♪ ♪ ♪ yes i'm stuck in the middle with you, ♪ ♪ and i'm wondering what it is i should do, ♪ ♪ it's so hard to keep this smile from my fac

climate summit here in madrid on ththursday to ototest the presence of shshell, bp, and chevron. representatives from the oil companieies were taking papart n evevent organizezed by the international emissions trading association. laurieie van der bururg of fries of the earth netherlands took part in the walkout. >> we do not think polluters like shell, like bp, likike chevron chevy at the cop influencing the climate talks here. so we covevered our ears and we walked out of the room to make a poinint to say shell should note at the cop, chevron should not be at the c cop. they are wrerecking our clclimae and d if we have these polluters here, we won't get down to 1.5 degrees. amy: this comes as a spanish government is criticism -- facing criticism for reaching out to endesa, spain's biggest polluter, to sponsor the u.n. climate talks. our next guest has been organizing toxic tours of madrid to expose the corporations and financiers driving the climate crisis. pascoe sabido is a researcher and campaigner for the corporate europe observatory. welcome back to democracy now! it seems

another call came from a man allegedly robbing a chevron on castro valley boulevard. when deputies card to the chevron, suspect one drop off and left deputies on a person. he got out on his car on beach street in hayward and grant. they ended up finding suspect one and a gun. >> we have him in custody. so we are working through that. and we also found a firearm on the past that he ran. so, we believe that the firearm was used in the burglary and robbery of the chevron. we have him in custody. >> reporter: about the same time, there was a second incident. a teenager we will call suspect into walked into eden medical center with a gunshot wound after deputies said that he accidentally shot himself. the sheriffs office said that the suspect to maybe connect did to the robbery at the 7- eleven on redwood road. a click inside the said that someone came in with a gun and took money and cigarettes and ran. suspected two could've been involved in a robbery earlier this week at the same chevron on castro valley boulevard. suspect one is accused of hitting last night. for now,

so we believe the firearm was used in the burglary and robbery of the chevron. we have him in custody. that's the good news. >> reporter: about the same time there was a second incident, a teenager we'll call suspect 2 walked into eden medical center with a gunshot wound after deputies saybe connt 7-eleven. clerks inside the 7-eleven told us someone came in with a gun, took money and cigarettes, then ran. suspect 2 could have also been involved in a robbery earlier this week at the same chevron on castro valley boulevard. suspect 1 is accused of hitting last night. for now, these two situations are separate but could very well be connected. >> the timeframe is also suspicious to us. the fact he walked into eden hospital, we don't know if he had a car. we don'table don't believe he had a car. >> the sheriff's office says they've actually gotten multiple reports of robberies in san leandro, alameda county and even dublin over the last two if rel. to recap, suspect 1 was arrested. suspect 2 is being treated at a hospital and has not we still don't know ifbe arreste

so chevron's finding more homegrown energy, more precisely. digitizing the way we work with advanced data analytics helping us develop more productive wells. and we're exploring ways to use renewable energy in our operations. doin' more... ...with less. more data and precision... to help meet growing demand. that's going to get a lot of likes. chevron. innovating to meet the energy demands of today and tomorrow. >>> welcome back. panelists here. danielle pletka, nbc news correspondent heidi pryzbilla and peter baker chief white house correspondent the "new york times." let me start with this, peter, starting with rich lowry. you essentially wrote and had a similar theme to what rich wrote on friday, what we open our show with. never has history felt less consequential. the impending impeachment of president donald trump, as news accounts and -- tells us it's the story. ultimately impeachment is going to get swallowed up by the news cycle like everything else. >> exactly. 21 years ago, when they impeached president bill clinton, it felt like th

how's that. >>> meantime, cheap oil causing a big problem for chevron. we might say that's a nice problem to have. unfortunately not for chevron. we will explain after this. (chime) (shaq) magenta? i hate cartridges! not magenta! not magenta. i'm not going back to the store. magenta! cartridges are so... (buzzer) (vo) the epson ecotank. no more cartridges. it comes with an incredible amount of ink that can save you a lot of frustration. ♪ the epson ecotank. just fill and chill. available at... are critical skills for scientists at 3m. one of the products i helped develop was a softer, more secure diaper closure. as a mom, i knew it had to work. there were babies involved... and they weren't saying much. i envisioned what it's like for babies to have diapers around them. that's what we do at 3m, we listen to people, even those who don't have a voice. at the end of the day, we are people helping people. to work as hard as they do. however, since 2000, the buying power of the dollar has dropped by over 31% - that means the dollar is only worth about 68¢

so we believe that that firearm was used in the burglary and the robbery of the chevron. have him in custody. that is the good news. >> reporter: the same time there was a second incident. a teenager we will call suspect to mom walk into the medical center with a consequent when he accidentally shot himself. the sheriff's office says that suspect two may be connected to the robbery at 711 and redwood road. click inside the said that someone came in with a gun, took money, and cigarettes, and grant. he could've also been involved in the robbery earlier this week at the same chevron on castro valley boulevard the suspect one is accused of meeting last night. for now, some situations are separate but could very well be connected. >> the timeframe is suspicious. the fact that he walked in, we do not know if he had a car, we do not believe he had a car. how did he get there? all of these things we have to try to figure out. if he was dropped off by another person or something? >> that got a multiple reports of robberies in and andro, alameda county, and even dublin over the pa

chevron chief executive says the company instead focuses on the most promising future prospects like shale oil drilling in texas. >>> time magazine announced the person of the year, this year the honor was to climate activist greta thunberg. the 16-year-old made headlines last year with a strike outside the swedish parliament, since then she inspired millions of supporters to rally in more than 150 countries, and september she scolded were leaders at the united nations for failing to address climate change. other finalists included house speaker nancy pelosi, president trump, and the cia officer who was a whistleblower in the impeachment inquiry and the hong kong protesters. congratulations to her. an amazing young woman. >>> the time is 6:50, we have rain in parts of the bay area and problems on the road. >> it we do, as a matter fact, you can see traffic is going to be slow approaching crashes we had, i want to show you 80 westbound after highway 4, the crash is blocking traffic coming in, at least one lane is taken off, then after that, we have still traffic as well, slowdowns at

when sheriff's deputies got to the chevron, the man drove off and led deputies on a pursuit. the man got out of his car on beach street and hayward and ran. the sheriff's office says they found the man and a gun, and he was arrested. about the same time, there was a second incident. a teenager walked into eden medical center with a gunshot wound. deputies say he accidentally shot himself and he may be connected to the robbery at 7-eleven on redwood road and also another robbery at chevron the night before. these two situations are separate but could be connected. investigators are still trying to piece this together. the sheriff's office says they've gotten multiple reports of armed robberies in san leandro, alameda county, and dublin over the last few days and are working to see if they're all related. >> it's always concerning when people are doing armed robberies. that's why we're putting the effort in to catch these people because we don't want them around. quite honestly, this is the time of year these things happen. during the holidays, people do these types of things t

so chevron's finding more homegrown energy, more precisely. digitizing the way we work with advanced data analytics helping us develop more prodrenewable energyrexplore in our operations. doin' more... ...with less. more data and precision... to help meet growing demand. that's going to get a lot of likes. chevron. innovating to meet the energy demands of today and tomorrow. beyond the routihe beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. >> brennan: and we are back with white house national security advisor robert o'brien. good morning to you, mr. ambassador. >> good morning, margaret. >> brennan: we saw overnight north korea conduct what it called a very important test. in your view, are they preparing to restart nuclear tests?

. >>> a new report shows that consumer inflation is rising plus chevron is making a big announcement this morning. joining us now is our financial reporter,. >> americans are paying more for a number of things. the government consumer price index for november was up 3/10 of a percent from the month before. of 2.1 percent from earlier in the year. that was the biggest gain in a year. prices are up for rent, healthcare and clothing and use close and trucks -- used cars and trucks but at the same time new autos saw prices decline. inflation is still below the 2% target and the feds today wrapped up its final meeting of 2019. it is not expected to cut rates after doing so at three straight meetings. and san ramon-based chevron had announcement and a lot of its assets are not nearly as valuable as they once were. the company is taking a $10-$11 billion charge in the fourth quarter writing down the value of the number of assets due to -- chevron stock right now moving lower by about 1%. stock market overall is off to a mixed start this morning. let's go to the big wart and see how we are d

bank corps and chevron. i think exxon mobile is not as attractive to me and these guys have just done this deal and i think this is going to be a big deal for chevron they've already taken that 10 or $11 billion write off and the stock was still up a couple bucks the day after they did that last week so, i like this one a lot, if i'm in the energy. i like bryn's picks a lot more but if you want to be on things that are on this list. >> what about raytheon >> raytheon, so so on that one. under performed the last three years. if there is going to be a little bit more of the rest of the world healing there, that is where you want to go back to citi, this is where is the rest of the world is going to recover is important in 2020. if that's the case, i have been in jpmorgan. why? i want the u.s. oriented exposure so, citi is 80% international exposure and 20% in the u.s. jpmorgan is 77% in the united states so, tell me in 2020 which is going to begin to perform better i think that is really important in the conve

shell chevron all of those will give you an average of around about 5 and a half percent and then i again there's the questions around politics and whether the company can protect itself from incidences that we saw earlier in the year such as the attacks on their pipeline infrastructure so there are number of concerns but i think ultimately we will have more international investors go it in but i think some of these issues will need to be addressed hello thank you very much. that's it from me and the business team here and in the air if you want more goes the website dot com slash business also do all social media there on facebook and twitter if you don't already. use africa with any market is up next. a quick update on global markets. and for a much what you do nothing of the sofa. where i come from we have to fight for a free press i was born and raised in a military dictatorship with just one t.v. channel and if you are his favorites when official information has attorneys i have work on the streets of many cantors and their problems are always the same forward to the social inequalit

we have breaking news out of chevron. chevron says they will cut funding to various gas related opportunities. it is evaluating opportunities. it sees an after-tax impairment to $11of $10 billion billion in the fourth quarter. it is going to cut funding for various gas related opportunities. this is all in its exploratory budget for 2020. this is bloomberg. ♪ will bes holiday season butfirst for the apple card it will have retailers feeling anything but cheery. premium plastic levees higher fees than traditional credit cards on each swipe or tap and it is the merchants left in. let's welcome it finance reporter michelle davis. so if i go and buy something with an apple card, the merchant pays more. michelle: they could pay $.50 more than a traditional transaction. we deal with credit cards every day. it is part of the consumer experience, the fact that we are getting extra points, somebody has to for that. it turns out the merchants are in for that merchants don't like when you card but it is well-known that for some of

shell chevron all of those will give you an average of around about 5 and a half percent and then again there's the questions around politics and whether the company can protect itself from incidences that we saw earlier in the year such as the attacks on their pipeline infrastructure so there are number of concerns but i think ultimately we will have more international investors go it in but i think some of these issues will need to be addressed hello thank you very much. that's it from me and the business team here in the air if you want more goes well web site e w dot com slash business also do check out all social media sphere on facebook and twitter if you don't already false news africa with any market is up next. a quick update on global markets. thank you very much watch if you know me of this stuff. into the conflict with jim sebastian. my guest this week here in rome is the jesuit priest father hans solo 4 is a media experts closer to abusive home of the clergy is the vatican serious about real change the way it continues to provide opportunity as cover for priests who commit

in castro valley it appears a chevron and a 711 were both robbed. after that, someone led authorities on a chase on interstate 580 that ended on beech street and hayward. we have someone on the story and on the scene in castro valley. we are getting information and will check in at the top of the hour. >>> nudged an update about a north bay man who died in police custody last week. david ward reported his own car stolen last week but was able to layer later find it on his own., please do not know that he had already recovered his car so, when this part of the vehicle last wednesday morning to try to pull him over. investigators say that ward refused to comply with their demands and was tazed. he later died at petaluma valley hospital. his sister said the police should have handled the whole situation differently. >> what was the rush? why not take a little more time to ascertain the situation? before just sticking to he is not complying, he is not complying, therefore we have the right to do this? >> santa rosa police department investigation expect

rights of the philippines has just determined that 47 major companies, including shell, exxonmobil, chevron, bp, and totatale, could be found legally and morally responsible from harm from climate change. the commission found the could be held accountable under civil and criminal laws. climate activist have hailed the decision as a landmark entry for climimate justice. accordining to greenpeace, this marks the f first time big polluting companies have been down responsible for human rights harms resulting from the climate crisis. we are joined now by yeb sano, the chief climate negotiator for the philippines in 2013 when typhoon haiyan, one of the strongest cyclones in recorded history, devastated the philippines, killing thousands of people. the devastation coincided with the 2013 u.n. summit in warsaw, where he made headlines with an emotional plea for action n on climate change. the following year, as yet another deadly storm batterered the philippines, sano was unexpectedly absent from the u.n. climate summit in lima, peru. he had been pulled from the delegation at the last minute, lead

plus chevron announcing a charge in the fourth quarter. but one of the traders says in stock is primed to pop he will make his case ahead. and later, lulu lemo

we always talk about chevron, exxon. those are names rarely talked about on tv. energy right now, we are seeing more and more that flow back into the energy space. >> and i would like to combine something john said earlier and something jim said about where the pocket's going so john was talking about those companies that get a lot of revenue overseas i would take that one step further saying we're seeing opportunity outside of the u.s. in international equities, so anytime you get signs of a bottoming of growth which i would say we're getting some mixed data, but i think bottoming is a process so that's okay we expect a recovery in 2020 and so the higher cyclicality of international equities, the more export dependent, points to better opportunities, specifically in internationals >> we're seaing that value is going to outperform or is going to at least -- >> i didn't say that i thought it was clear if you get phase one, if you don't r, we're dead in the water. >> no. we're not dead in the water. a lot of companies doing great >> talking about value >> ooip talk

oil companies altogether collectively should be trading highe >> that includes exxon, chevron. it's not just the little guys. because the market cap has been crushed by debt. that's the problem >> right so i mean if you are -- if you are bullish and there is debt then the u.s. oil companies you would think would outperform, right, retire relative to saudi aramco. >> this is 4% of the s&p 500, the energy sector. in 2008 it might have been 13% you have seen the market kwap of the companies shrink relevant it to s&p and the nrpg sector is the where you sent money to die. it's generated a return since mid-2014 i want mid-76itious. >> down for a decade of gains. >> exactly i think. >> do you own any of them mark. >> i ownkinder morgan. 5% yield you got heavy insider buying. >> what about enterprise transfer rn partnering a clone but trades at half valuation but some argue just because kinner morgan is in the s&p 500 and the other is not. >> huge insider buying we like the exposure for the permian. getting paid to move stuff we like them. >> the explosive ipo of aramco is the worst p

they're among 91 fortune 500 companies that paid nothing, and that list included netflix, levi, chevron, and sales force. the left leaning think tank studied the first year that the republican tax cuts was in effect, and overall the report says the loss in federal revenue adds up to nearly $74 billion. at the same time the federal deficit has grown to nearly a trillion dollars this year. >>> cliff erosion keeps threatening ocean front homes in the north bay, and retaining walls don't always help. kpix 5's don ford shows us the ongoing problem. >> reporter: it's one of those magnificent million dollar views. the problem is, the view keeps getting closer and closer to the house. there used to be a road between the house and cliff, but the cliff is eroding away, falling slowly into the pacific. the homeowner has approved permits from marin county to build a retaining wall, but the coastal commission said no. the coastal commission didn't get back to me. but long time resident and volunteer fire captain peter smith says. >> a couple years ago a few houses went down. >> reporter: this is not

chevron. innovating to meet the energy demands of today and tomorrow. the ones that make a truebeen difference in people's lives. and mike's won them, which is important right this minute, because if he could beat america's biggest gun lobby, helping pass background check laws and defeat nra backed politicians across this country, beat big coal, helping shut down hundreds of polluting plants and beat big tobacco, helping pass laws to save the next generation from addiction. all against big odds you can beat him. i'm mike bloomberg and i approve this message. >> like ronald reagan, president trump came into office with an unshakable vision for the foundation of american power. peace through strength. >> the unity of the country, the unity of our allies is worth ten battleships to us in a fight. >> the strength of the united states of america lies in our alliances. in their ability to work with others. >> chris: just a sample of the top officials and foreign policy experts here at the reagan def

so chevron's finding more homegrown energy, more precisely. digitizing the way we work with advanced data analytics helping us develop more productive wells. and we're exploring ways to use renewable energy in our operations. doin' more... ...with less. more data and precision... to help meet growing demand. that's going to get a lot of likes. chevron. innovating to meet the energy demands of today and tomorrow. (i love watching the weather. hello, my name is itsy bitsy. rain again? (robin) hahahaha! (statler) that's impossible. i always plan ahead! let's try one more time. (kermit) ha! robin, what do you think of the story so far? (robin) gee, i've always liked arachnids. solid opening. boy, can't wait to see how it ends. (waldorf) what a coincidence! i can't wait for it to end too! (waldorf & statler) oh hahahaha! (statler vo) portal from facebook. and my lack of impulse control,, is about to become your problem. ahh no, come on. i saw you eating poop earlier. hey! my focus is on the road, and that's saving me cash with drivewise. who's the

we also stopped by a chevron on castro valley boulevard. we saw one alameda county sheriff's deputy inside of the store but it was locked. we have reports of possible robberies happening at the gas stations but have yet to get that confirmed by authorities. we have reached out to the sheriff's office for information on this but not back. sara we get that information we zendehnam, ktvu fox 2 news. >>> people affected by wildfires gearing up for a storm expected to hit the area later this week. the threat of more rain is causing concern about mudslides, foothills regional park in windsor, crews have already been working to prevent mass erosion in areas earned in the kincade fire. the erosion had already sense debris into a pond at a popular hiking area. there is already emergency in san bruno after a landslide there happening in kruger canyon near san bruno avenue. part of the hillside collapsed on the eastern part of san bruno avenue and is shut down 300 feet with the right light of westbound san bruno avenue near crestmoor drive. the declar

shale holdings in appalachia, chevron also going to explore the sales of some of its assets. melissa: wow cheap energy. >> i know. melissa: the downside for some of the bigger companies but good for consumers. alright time of piece of hollywood history the rolex worn by marlon brandeau in apocalypse now will cost you plus president trump will depart the white house in moments and we'll bring you any headlines if the president stops to talk to reporters on the south lawn. what i love most about being a scientist at 3m is that i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. from packaging tape... to tape that can bond materials to buildings... and planes. one idea can unlock a breadth of solutions. at 3m, we are solving problems that improve lives. are ready for cartridges a another school year?. what does cyan mean? it means "cyanara," honor roll. (imitates shell fire, laughs) the ink! daaaad! daaaad! i'm so hosed. yeah. you are. (shaq) the epson ecotank printer. no more cartridges! it com

so chevron's finding more homegrown energy, more precisely. digitizing the way we work with advanced data analytics helping us develop more productive wells. and we're exploring ways to use renewable energy in our operations. doin' more... ...with less. more data and precision... to help meet growing demand. that's going to get a lot of likes. chevron. innovating to meet the energy demands of today and tomorrow. what are you doing back there, junior? since we're obviously lost, i'm rescheduling my xfinity customer service appointment. ah, relax. i got this. which gps are you using anyway? a little something called instinct. been using it for years. yeah, that's what i'm afraid of. he knows exactly where we're going. my whole body is a compass. oh boy... the my account app makes today's xfinity customer service simple, easy, awesome. not my thing. you have heard us reference what does the rest of america think about all this? impeachment is dominating the conversation here in washington, but we have been wondering just how much voters beyond th

so chevron's finding more homegrown energy, more precisely. digitizing the way we work with advanced data analytics helping us develop more productive wells. and we're exploring ways to use renewable energy in our operations. doin' more... ...with less. more data and precision... to help meet growing demand. that's going to get a lot of likes. chevron. innovating to meet the energy demands of today and tomorrow. beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. >> chris: coming up, house judiciary votes out articles of impeachment against the president for the third time since 1974. >> someday there will be a democrat president and there will be a republican house and i suspect they're going to remember i

it is also worth more than the top fiveve oil companies of exxn mobil, total, royal dutch shell, chevron, and bp combined. >> we have seen the markets respond to our results as a company. we continue to be the leader globally when it comes to the energy sector. reporter: but it has been a rocky road to get to this point. the govevernment announced p pls for the ipo almost five years ago. but tepid response from inteternational institutioions d foreign investors forceded officials to scale back the plan to just 1.5%. campaign a national ad , saudi banks have offered loans to citizens, enabling them to buy shares. this is part of crown prince mohammed bin salman's ambitious plan to modernize the saudi economy and make it less reliant on oil sales. the government says the money raised will be used to find domestic projects. stephen: interesting t to see hw some rivals are doing. wrench company total down in paris. ep in n london down as well. a more mixed picture on the european share markets. germany's dax seeing some gains. we are keeping an ion the british pound today ahead of tomorrow's

that is what really precipitated the write-down at chevron. we are going to have to see higher natural gas prices going forward. however, the u.s. is still the largest natural gas producer in the world. there are companies that are still able to produce natural ,as even at record low historical low natural gas prices. we see natural gas at tortoise is a big growth driver not just domestically, but globally as well. that is really important because it reduces carbon emissions in the short term. alix: when you talk to your clients, how do they feel about energy right now? sheila: i think they are pulling at energy companies. they are looking at them and saying, what are the other things they are investing in? what is the diversity of their holdings, particularly around climate change and esg? maybe that is some insulation against regulation that might come down the road, which people are concerned about. i think people are looking for companies that have some resilience built into their metrics. alix: what i am always struck by is the divergence

om argue with supermajor oil behemoth by the chevron abthe bp, royal dutch shells exxons of the world offer good dividend yields or maybe anttctive entry point. bp and royal dutch for example looking especially cheap but that's mostly a minority view. the majorits majority and i will believe supply will are grow in the oil business likely up 2 or 3% next year with demand unlikely to be up that much. so the bottom the market is going to remain oversupplied about oil and that' the biggest pressure on oil and oil stocks. for "nightly business report," i'mobisani at the new york stock exchange. >> in other news biogen presented detailed data on the rest you are absentingedpe mental treatment for alzheimer's, a diaz for which there is no cure. that's why the highly anticipated presentation today got attention. but in the end analysts had a hard time parsing the new information. meg yrrell hasmore. >> dwefrlg new medicines is hard more any disease but the track record is particularly bad for alzheimer's. it's been about 50 and 16 years more than a decade since we had a new trement approved

this after prices slumped in chevron is considering the sale of its shale gas holdings and is keeping its capital budget unchanged. this is the third year in a row that has happened. apple offering a number of eye options withing auctio its new microcomputer. fully loaded, the mac pro will set you back $52,000. that's what -- that does not include the $400 wheels for easily moving it around the office. that is your bloomberg business flash. you so much. francine lacqua and tom keene on the deck at queen street. a perfect morning. this is the acclaimed london f1 health cut -- this is what matters right now. francine: it is like espresso shots. the one worry for the posters here is the weather. the weather here. it gets dark early. it is like helsinki. quite, butt is not what is interesting, we spoke to the posters, the polls that people trust, and a lot of the postal votes have already come in. because we have not voted in this country in december since 1920. could we have low record voter turnout? that thersonally think sort of lack of persuasiveness of any of the major parties -- i h

now for some dow dogs, chevron announces a $10 billion write down, in natural gas assets, specifically shale and then we've got home depot missing a sales forecast, chevron is down 1.25% home depot losing about 2% , boeing this is a major story getting dragged through a house hearing at this hour, after a whistleblower and the faa testified there were 737 max issues before two deadly crashes that boeing was well aware of, and right now the stock is flat. tesla roaring to up fourth straight day folks of gains on a report the electric car maker plans to increase prices of imported three vehicles in china starting next month. the stock intraday is off its highs of the session but it's still up 1% to $352.75. can we see u.s. apparel retail shares they are in the red after american eagle outfitters missed on its holiday quarter forecast. it's still up about the moment slightly about 1% or $3, so it has managed to turn around there to video game retailer gamestop, it is tumbling after recording third quarter results late yesterday. gerri willis on the floor of the new york stock exchange, th

so chevron's finding more homegrown energy, more precisely. digitizing the way we work with advanced data analytics helping us develop more productive wells. and we're exploring ways to use renewable energy in our operations. doin' more... ...with less. more data and precision... to help meet growing demand. that's going to get a lot of likes. chevron. innovating to meet the energy demands of today and tomorrow. creais back at red lobster.ast with new creations to choose from; like rich, butter-poached maine lobster and crispy crab-stuffed shrimp rangoon. how will you pick just 4 of 10? it won't be easy. better hurry in. colon cancer screening for people 50 plus at average risk. some things are harder than you thought. and others are easier. like screening for colon cancer with me, cologuard. i'm noninvasive and you use me at home. i'm also effective. i find 92% of colon cancers using dna in your stool. so why wait? cologuard is not for those at high risk for colon cancer. false positive and negative results may occur. ask your healthcare prov

covered our ears and we walked out of the room to make a point to say dad shows you to me at the top chevron should be at the b.b.c. to me i think they are wrecking our climate polluters ok but how do you know what they were going to say maybe if the activists had kept an open mind and lifted they would have heard these companies offer to hand their resources over the public and turn themselves in for knowingly distributing products that are destroying the ecosystem i assume that's what they said i else would they be at a climate change summit in fact the biggest polluters is sponsoring these climate talks from fossil fuel companies to the banks that finance them as well as many others like lines and so i mean what we saw is not just the biggest polluters who are using this huge greenwashing opportunities you see the logos all over the co-op are the rules so using this to influence the talks themselves to gain access will look someone's got a sponsor this thing might as well be the people who created this whole climate change situation without these companies we wouldn't be sharing our wonde