after chevron was ordered to pay billions, chevron went after donziger personally. he has now spent nearly 600 days under house arrest in new york. >> chevron committed what probably the world's worst envinmental crime ever by mping deliberately dumping causing an applicant cancer. rather than pay r cleanup, they spent billions of dollars to try to attack the lawyers who tried to hold them accountable. amy: all that and more, coming up. welcome to democracy now!, democracynow.org, the quarantine report. i'm amy goodman. the biden administration has instructed the federal emergency management agency to help process the increasing number of unaccompanied migrant children arriving in the u.s. as of this weekend, some 4200 children were being detained in overcrowded border patrol facilities were some of them reportedly have been held for a week or longer, forced to sleep on the floor, unable to shower, and were not allowed to call their families to alert them of their whereabouts. buzzfeed reports the biden administration has opened a new temporary detention facility in

after chevron was ordered to pay billions, chevron went after donziger personally. he has now spent nearly 600 days under house arrest in new york. >> chevron committed what probably the world's worst envinmental crime ever by mping deliberately dumping, causing anpplicant cancer. rather than pay r cleanup, they spent billions of dollars to try to attack the lawyers who tried to hold them accountable. amy: all that and more, coming up. welcome to democracy now!, democracynow.org, the quarantine report. i'm amy goodman. the biden administration has instructed the federal emergency management agency to help process the increasing number of unaccompanied migrant children arriving in the u.s. as of this weekend, some 4200 children were being detained in overcrowded border patrol facilities were some of them reportedly have been held for a week or longer, forced to sleep on the floor, unable to shower, and were not allowed to call their families to alert them of their whereabouts. buzzfeed reports the biden administration has opened a new temporary detention facility in

energy has been a freak show i bought exxonmobil calls on monday i was out by wednesday i got chevron by wednesday i was finished by thursday afternoon. i know we'll hear more about it from the chart master, but this run started at 38 or $35 back in september. we're looking at $66 for crude it's did beta names that have really within splinting to the up side, so that next tier of energy, that's what's explosive. i continue to buy and trade those names thought the week i'll tell you this the s&p, the spider calls today, the got bought at 12:15 today litly was the turning point in the market it was incredible as they bought march calls in the spider, about 20 s 20,000 of them >> energy was the best performing sector. the chart master says the rally may be running out of juice. so let's go to carter worth. carter, take it away >> well, just what you heard there's a reason that a great trader would enter and then exit twice he made the case that if you really wanted to stay for a longer duration, you would have stayed but sometimes things get a little hot the energy move is a little heart

chevron and exxon have been considered holdouts. but it is clear that they are now talking more about carbon, and maybe if they are looking to set such a goal eventually. alix: but they are not spending that much of their budget on the carbon initiatives versus the international guys in europe. is that founded or will they ramp up as they go on? >> if they are serious about the transition, they have to acknowledge that spend.we have a small increase with the international majors, but not much yet from exxon or chevron. are they also lowering their production? on that, bp has made it clear indication that it does not see oil and gas consumption holding up, as opposed to what we heard from the chevron ceo. that's why they are dialing down gas assets. but that is not we -- what we have seen from exxon or chevron. alix: thank you very much. time for talking to in executive in the commodity world, and today it is the ceo of green plane. we want to take a look at the big transformation of the company first. it used to be an ethanol powerh

. ♪ it's why last year chevron invested billions of dollars to bring affordable, reliable, ever cleaner energy to america. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >>> welcome back to all of you watching us in the united states, canada and around the world. a chicago hospital is bringing coronavirus vaccines to those who need them most, right in their own homes. rush university medical center is going directly to people 65 and older. we rode along. >> reporter: jackie just got vaccinated in her own home. now it is her mother's turn. jackie and her mom, 90-year-old hadi, are getting the vaccine thanks to a mobile program from rush university medical center. they have limited transportation and

we have the ceo of chevron to talk about his new plan as they host its annual investor day tesla rebounding in a major way, up double digits we will be joined by an analyst who upgraded the stock the buy and has a $900 price target. >>> let's look at the stories we are watching during the last hour of trait. mike santoli tracking the market recovery and jerry bernstein from the council of economic advisers in the biden administration mike, kick it off with the comeback we are seeing in the nasdaq. >> yesterday was one of the biggest days in terms of divergence between the dow and the nasdaq the nasdaq releasing higher. the s&p 500 between those two dynamics almost a 2% move it has kind of returned the index back up into the zone we were talking about for a long time here. this sort of 20-day average is the first hurdle that you have to jump to say is this just a mechanical reflex bounce or maybe we have put in a decent end to the pullback phase. we will see if the s&p 500 can build. but there seems to be oversold stocks there are a bunch of sectors the big huge scary disruptor like amazon t

alix: that was part of my interview with chevron ceo and chairman worth. it is also worth mentioning -- chairman mike wirth. it is also worth mentioning that these guys are walking a tight rope with investors, but it has worked. it is working on a shareholder basis. guy: it is. and i think mike made a load of interesting points there. a lot of what we are talking about here when it comes to this industry and the journey to a more de-carbonized world is really untried, untested. certainly not scaled at this point. you're making some huge bets at this point in terms of some of the technology here, and if i was a ceo, that would make me incredibly nervous. i was reading an interview with herbert diess, who runs volkswagen, pouring icy cold water on hydrogen fuel for cars. these making a massive bent on electrification, but it is going to be interesting to see how some of this technology evolves. some of this stuff is going to work. some of it isn't. but for a guy like mike wirth to make big bets at this stage must be really difficult. what are we going to tal

chevron s yet to pay compensation or clean up after the catastrophic damage it created. last month, amnesty usa and a dozen other groups sent a letter to merrick garland asking him to review donziger's case. and today marks 10 years since japan's trouble disaster when a massive 9.0 magnitude earthquake triggered a tsunami and a nuclear meltdown at fukushima power plant. nearly 20,000 people were killed. japan marked the day with a moment of silence, prayers, and anti-nuclear protests. ahead of today's remembrance, anti-nuclear protesters rallied in front of japan's parliament. >> no matter how nuclear plans are stapled, they're inappropriate as power generation because they ravage the foundations of local peoples living. i came here to voice my opposition. amy: and those are some of the headlines. this is democracy now, democracynow.org, the quarantine report. i'm amy goodman in new york, joined remotely by my co-host nermeen shaikh. hi, nermeen. nermeen: welcome to all our listeners and viewers from around the country and around the world. amy: former brazilian presiden

boeing, salesforce, apple and chevron, the top five winners on the dow. that does it for us on "worldwide exchange. "squawk box" is next want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. >>> good morning dow futures surging as treasury yields retreat from a treasury high we'll show you what's moving in the premarket trade. >>> then there were three. the first doses of j&j's vaccine ship out today after the shot was approved for emergency use over the weekend ceo alex gorsky will join us later in the show. >>> plus, the house passing president biden's $1.9 trillion covid relief plan. we'll tell you what to expect from the senate. monday, march 1, 2021. "squawk box" begins right now. ♪ ♪ >>> good

you have chevron, coca-cola, j&j, and microsoft tjx and vf >> yeah. it's like my whole portfolio is this list. it was kind of funny tjx is a re-open story and people like the treasure hunt and they like to go to t.j. max and home goods and home sense, and i think the company has done a really good job in a tough environment with massive store closures so as you reopen, they should see better traffic and their margins are resilient and their inventory is well under control and the stock is down 5% after lagging last year and it's been a laggard, and as a reopen, vf corp, same thing because they still have a lot of exposure to stores, right? especially in california and in the emerging market and they ha a billion dollar acquisition a week ago so they feel confident in what they're doing and they're buying low and they're the brands that people want. great free cash flow and also good inventory management. so these two names are reopened. they're volatile and they've lagged for a while and it's been frustrating and the setup for 2021 will be quite good.

names like chevron which i said was on my list rob sechin, your favorite name in energy, new high out of the dow today? >> yes no doubt and we entered the trade in q4 of last year we felt it was the best way to play and it was bigger and more diverse the better exxon certainly falls into that camp or chevron has a lot lower leverage and they also have a little bit of a different geographic footprint so we played it that way we also bought xle i have to tell you i completely agree with everybody that this re-opening trade will hit a little different last year it was about goods and services and whether that be stay-at-home based services and stay-at-home based goods it will come from experience-based spending and that's travel like josh mentioned and it will be a really different playbook this year, and i do think we'll get scares from service inflation and experience inflation just like we saw goods inflation last year, but those are simply scares and i do think this is the best way to play kind of the re-opening is by how do you dive in to have those experiences is it the gaming stoc

a rise of bond yielding taking a breather today two biggest dow wenters both up about 3% right now chevron with a boost with 5% boost and tyler mentioned intel, that stock is giving up early gain gains but a number of other chip stocks are rallying but first let's get to steve liesman with the economic recovery of fed chair powell and treasure secretary janet yellen steve? >> providing some hint of a level of interest rates to cause him concern and might prompt that action and said that so far the rise in yields looks to be more linked in the outlook for the improvement in the economy and is to be expected. >> there's been an underlying sense of an improved economic outlook and has to be part of why rates would move back up from the low levels they were at back up toward levels that were more likely to see and that's been an orderly process. i would be concerned if it were not or if conditions were to tighten to the point where they might threaten our recovery. >> powell did not say what that magical mystical or mythical level of bond yields was that would threaten the recovery and said so

chevron having the investor day. they did update some guidance in terms of doubling the return on capital employed by 2025 they increased the synergies from the noble transaction to $600 million and are targeting 35% carbon intensity reduction by 2028. i spoke to the company ceo about that subject here's what he had to say. >> we're seeing significant reductions in greenhouse gas emissions out of our operations. it takes breakthroughs in technology and changes in policy and offsets in other markets to develop. but i do think as we get out into that timeframe, 2030, 2040, 2050, we will be either have eliminated or be offsetting a significant part of the carbon associated with our upstream oil and gas production >> we'll be joining me on closing bell later today as well after they conclude their investor day at chevron. stock has performed well not as well as exxon mobile at least this year which has diverged in the performance after both having rougher years last year. exxon mobile suffering more. >> yeah. it's fascin

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oh, no -- >> look at the aristocrat index developing people and you beat me up rightfully so about chevron last year but take a look paid off we bought dips on that but what we're doing now holding on to that chevron pog and now try to reload on tech names like scott said paypal, zoom these are long-term winners you don't get opportunities like this a lot we like those names right here. >> here's the thing thoag, and listen, i'm in oil. i'm in there big and been talking about commodities supercycle, in fact, founding the table on it. you know, but now you've got this interesting thing, oil also getting help from opec but back to potential opportunities scott, you know for someone like you who has been relatively cautious that's obvious you were awaiting your time, so what about this inflation scare? is this overdone, i mean, yeah, of course, we know there's going to be some inflation but is there enough to derail amazing powder we've got from household spending to cooperations, to the jobs report it this morning, i mean, to me that should be a bigger macro story. >> yeah. pattern will be f

once the market decided to focus on growth you sell they're down lead the way higher with stocks like chevron and american express to wean really well that's what were going to see is a push pull between growth and yield fears. jack: what we do know is accelerating growth, rising rates of the longut for the moment power keeping them as low as they can get the short end, what is the trade there? >> i think were going to see a sideways stock market for now if the market continues to struggle with the two forces you will have days that are really good and you will have days that are pretty bad and you're gonna end up where we started, one reason you have a number of top strategist who are keeping their calls on the s&p 500 around 3900 which is dipped a sideways market for the year and people do have to worry are the ones the bond investors the price goes in the opposite direction of yields when yields go up price goes down and were seen investment grade bonds get hit high-yield bonds are flat on the year but if you're 60 - 40 investor this is not a great time. jack: speaking a bond yield that ha

once the market decided to focus on growth you sell they're down lead the way higher with stocks like chevron and american express to wean really well that's what were going to see is a push pull between growth and yield fears. jack: what we do know is accelerating growth, rising rates of the long and but for the moment power keeping them as low as they can get the short end, what is the trade there? >> i think were going to see a sideways stock market for now if the market continues to struggle with the two forces you will have days that are really good and you will have days that are pretty bad and you're gonna end up where we started, one reason you have a number of top strategist who are keeping their calls on the s&p 500 around 3900 which is dipped a sideways market for the year and people do have to worry are the ones the bond investors the price goes in the opposite direction of yields when yields go up price goes down and were seen investment grade bonds get hit high-yield bonds are flat on the year but if you're 60 - 40 investor this is not a great time. jack: speaking a bond yield t

berkshire hathaway have started bargain hunting amid the market come back i think with names such as chevron of arrives in an apple now given that valuations are so high in the equity of the market where investors supposed to look for bargains in this quiet. well that is of course the $64000.00 question where do you find bargains as an environment a lot of the tech stocks look wildly overvalued and you look at their price earnings multiples or just at salute a stratospheric i think one sector that has done very very well though recently has been sort of the banking sector and i think that's a sector worth looking at there we see the p. e. multiples actually being extraordinary low so this firms like morgan stanley and goldman sachs and j.p. morgan whose p. e. ratios are some about $10.13 which is a fraction of what we see for some of the tech stocks and bear in mind if you look at what's happening with interest rates that is actually quite been. fishel the banks so what we've seen is the long term interest rates creaking upwards and the short term interest remaining very low and you can thin

this is big business for state and for profit prisons to sell inmate labor to fortune $500.00 slike chevron bank of america 18 n.t. and the us military nearly half the population in prison make military uniforms body armor helmets and provide labor as subcontractors for fortune $500.00. they make office furniture man call centers take otel reservations work can slaughter houses for manufacture textiles shoes and clothing for pennies prison labor is part of why some state and private prisons old a multi-billion dollar profit. not only are prisoners used to make products prisoners themselves are sold this products since the 1980 s. the prison population is boom now 150 private prisons are paid billions by state governments to house prisoners private prisons do so well some of their biggest investors are banks like wells fargo bank of america many private prisons demand 90 or even 100 percent occupancy meaning the taxpayer foots the bill for every bed even the empty. for profit prisons are incentivized to incarcerate more people and for longer periods of time to shoulder quotas and to make sur

show prosecutors using video of the moment george foid died asked jurors to simply believe there are chevrons attorney began laying the foundation of an argument that the force used with george floyd was not excessive but rather was warranted outside the courtroom moments before the trial began the floyd family kneeled for 8 minutes and 46 seconds to mark the time that floyd was pinned down by officers show them video of that moment shows floyd repeatedly saying that he could not breathe begging for his mother shaven faces charges of unintentional 2nd degree murder 3rd degree murder and manslaughter. historically juries in the united states have not convicted police officers charged with a crime floyd's family say they believe this time will be different. thought . they were all. flawed. but what i can tell you we will get there we would not allow. me to prosecute and. this trial is expected to last several months if convicted show been could be sentenced to up to 40 years in prison. this video shocked america and the world to death last may have george floyd an unarmed black man pleading i c

this is big business for state and for profit prisons who sell inmate labor to fortune $500.00 slike chevron bank of america to 18 n.t. and the us military to nearly half the population in prison make military uniforms body armor helmets and provide labor as subcontractors for fortune $500.00. they make office furniture man call centers take hotel reservations were can slaughter houses for manufacture textiles shoes and clothing for pennies prison labor is part of why some state and private prisons a multi-billion dollar profit. not only are prisoners used to make products prisoners themselves are sold this products since the 1980 s. the prison population is now 150 private prisons are paid billions by state governments to house prisoners private prisons do so well some of their biggest investors are banks like wells fargo bank of america many private prisons demand 90 or even 100 percent occupancy meaning the taxpayer foots the bill for every bed even the empty. for profit prisons are incentivized to incarcerate more people and for longer periods of time to shoulder to make sure that happen

show prosecutors using video of the moment george floyd died asked jurors to simply believe there are chevrons attorney began laying the foundation of an argument that the force used with george floyd was not excessive but rather was warrant outside the courtroom moments before the trial began the floyd family kneeled for 8 minutes and 46 seconds to mark the time that floyd was pinned down by officers show them video of that moment shows floyd repeatedly saying that he could not read begging for his mother shaven faces charges of unintentional 2nd degree murder 3rd degree murder and manslaughter. historically juries in the united states have not convicted police officers charged with a crime floyd's family say they believe this time will be different. george . they were all. flawed. but what i can tell you we will get there we would not allow. room. for you to go prosecute and. this trial was expected to last several months if convicted shogun could be sentenced to up to 40 years in prison. you know this video shocked america and the world the death last may have george floyd an unarmed black

specifically on the night of the chevron oil spill in the bay, you are exploring an increase in fines for pollution and state waterways. have you been able to move forward with a proposal? >> i have looked into that, we just passed an increase in fines bill, last year. monique lamont did. senator scott also has anti- fracking bill. five joined on as a co-author, to his bill. i think it is important, we figure out how are we going to both hold our companies accountable, when these things happen, but also move off of fossil fuels. we have to find a new, way to do it now. i see this as a mom of two young kids. when i look at their future, and the world for them, their children, it is incumbent upon us to make this change. we do not have time anymore. we have to do it in a way that is thoughtful. i represent refineries, those are good union jobs. have to make sure that they are working with trades, to figure out ways of other pathways of employment as we move away from fossil fuels. that is an important piece of this. i think we can do that, and we have to do that when we look what is hap

significantly, although chevron shares are up strongly, in part because of exxon's various moves on different fronts, both capex, opex, esg responding to pressure from some shareholders, morgan but it has been an extraordinary move for both stocks the underperformers last year energy and financials have been the strongest performers thus far as groups this year. >> our next guest joining us now deputy chief investment officer in head of equity, shenay, good morning one of the things in your notes is just the fact that this traditional 660/40 sfplit may not make sense right now. >> if you think about tra dishls 60/40, 60% in stocks, 40% in bonds and the expected return from bonds is lower. you know, we are seeing market action where yields have been backing up we all know tlats are incredibly low right now. and so really what we mean by that is you are going to need alternatives to help you deliver on some of those returns and so particularly private equity where we have seen stronger returns dive diversify the portfolio. >> all right i want to bring in senior portfolio manager and h

specifically on the night of the chevron oil spill in the bay, you are exploring an increase in fines for pollution and state waterways. have you been able to move forward with a proposal? >> i have looked into that, we just passed an increase in fines bill, last year. monique lamont did. senator scott also has anti- fracking bill. five joined on as a co-author, to his bill. i think it is important, we figure out how are we going to both hold our companies accountable, when these things ppen, but also move off of fossil fuels. we have to find a new, way to do it now. i see this as a mom of two young kids. when i look at their futu, and the world for them, their children, it is incumbent upon us to make this change. we do not have time anymore. we have to do it in a way that is thoughtful. i represent refineries, those are good union jobs. have to make sure that they are working with trades, to figure out ways of other pathways of employment as we move away from fossil fuels. that is an important piece of this. i think we can do that, and we have to do that when we look what is happeni

this is big business for state and for profit prisons who sell inmate labor to fortune $500.00 slike chevron bank of america to 18 t. and the us military to nearly half the population in prison make military uniforms body armor helmets and provide labor as subcontractors for fortune $500.00. they make office furniture man call centers take otel reservations or can slaughter houses or manufacture textiles shoes and clothing for pennies prison labor is part of why some state and private prisons a multi-billion dollar profit. not only are prisoners used to make products prisoners themselves are sold this products since the 1980 s. the prison population is boom now 150 private prisons are paid billions by state governments to house prisoners private prisons do so well some of their biggest investors are banks like wells fargo bank of america many private prisons demand 90 or even 100 percent occupancy meaning the taxpayer foots the bill for every bed even the empty. for profit prisons are incentivized to incarcerate more people and for longer periods of time to shoulder to make sure that happens

berkshire hathaway have started bargain hunting amid the market come back i think with names such as chevron of arrives in an apple now given that valuations are so high in the equity of the market where investors supposed to look for bargains in this quiet. well that is of course the $64000.00 question where do you find bargains as an environment a lot of the tech stocks look wildly overvalued and you look at their price earnings multiples or just at salute a stratospheric i think one sector that has done very very well though recently has been sort of the banking sector and i think that's a sector worth looking at there we see the p. e. multiples actually being extraordinary low so this firms like morgan stanley and goldman sachs and j.p. morgan whose p. e. ratios are some about $10.13 which is a fraction of what we see for some of the tech stocks and bear in mind if you look at what's happening with interest rates that is actually quite. official the banks so what we've seen is the long term interest rates creaking upwards and the short term interest remaining very low and you can think o

berkshire hathaway have started bargain hunting amid the market come back i think with names such as chevron overrides in an apple now given that valuations are so high in the equity of market where investors supposed to look for bargains in this quiet. well that is of course a $64000.00 question where do you find bargains as an environment a lot of the tech stocks wildly overvalued you look at their price earnings multiples or just at salute a stratospheric i think one sector that has done very very well though recently has been sort of the banking sector and i think that's a sector worth looking at there we see the p. e. multiples actually being extraordinary low so this firms like morgan stanley and goldman sachs and j.p. morgan whose p. e. ratios are some about $10.13 which is a fraction of what we see for some of the tech stocks and bear in mind if you look at what's happening with interest rates that is actually quite. official the banks so what we've seen is the long term interest rates creaking upwards and the short term interest remaining very low and you can think of the banking bu

royal dutch shell their entire pack what exxon mobil and chevron are mama laggards in a newly released i'm in transition score or from bloomberg the energy transition is really presenting a huge challenge right now for big oil especially after the quantised virus basically decimated the entire industry by sinking demand and consumption so the clean energy is merging as many of these companies face a lot of pressure to do shareholder returns increase profit or even pay down long term those at the all especially in the in the gas and parking industry so that has to be energy index has dropped 15 percent including reinvested dividends since the start of last year meanwhile in europe b.p. is ramping up investments in clean energy at the expense of oil and gas shall have the power while still have reinvesting gas so it's seen so it seems as a bridge fuel to more renewable future so while a few major oil and gas firms have set ambitious new emission targets recently meaningful action to actually develop low carbon business model still remain quite limited in the u.s. most of these companies

right now total a c when our essay and royal dutch shell there is the entire package exxon mobil and chevron are mama laggards in a newly released i'm in transition score or from bloomberg the energy transition is really presenting a huge challenge right now for big oil especially after the quantised virus basically decimated the entire industry by sinking demand in consumption so the clean energy is lurching as many of these companies face a lot of pressure to do shareholder returns increase profit or even pay down long term knows that the all the specially in the in the gas and parking industry so that has to be energy index has dropped 15 percent including reinvested dividends since the start of last year meanwhile in europe b.p. is ramping up investments in clean energy at the expense of oil and gas shall have the power while still have reinvesting gas so it's seen so it seems as a bridge fuel to more renewable future so while a few major oil and gas firms have set ambitious new emission targets recently meaningful action to actually develop a low carbon business model still remain quite

berkshire hathaway has started bargain hunting amid the market come back i think with names such as chevron varieties in an apple now given that valuations are so high in the equities market where investors supposed to look for bargains in this climate. well that is of course the $64000.00 question where do you find bargains as an environment a lot of the tech stocks look wildly overvalued and you look at their price earnings multiples that just at salute a stratospheric i think one sector that has done very very well though recently has been sort of the banking sector and i think that's a sector worth looking at there we see the multiples actually being extraordinary low so this firms like morgan stanley and goldman sachs and j.p. morgan whose p. e. ratios are some about $10.13 which is a fraction of what we see for some of the tech stocks and bear in mind if you look at what's happening with interest rates that is actually quite beneficial for banks so what we've seen is the longer term interest rates creaking upwards and the short term interest remaining very low and you can think of the

producers so right now total s c one r s a and royal dutch shell their entire pack what exxon mobil and chevron are mama laggards in a newly released i'm in transition score or from bloomberg the energy transition is really presenting a huge challenge right now for big oil especially after the quantised virus basically decimated the entire industry by sinking demand and consumption so the clean energy is merging as many of these companies face a lot of pressure to do shareholder returns increase profit or even pay down long term knows that the all the specially in the in the gas and parking industry so that has to be energy index has dropped 15 percent including reinvested dividends since the start of last year meanwhile in europe b.p. is ramping up investments in clean energy at the expense of oil and gas shall have it now to power while still have reinvesting gas so it's seen so it seems as a bridge fuel to more renewable future so while a few major oil and gas firms have set ambitious new emission targets recently meaningful action to actually develop low carbon business model still remain q

think could be in a little bit of trouble because if they're obligated to deliver stuff i saw that chevron and shell and other oil transporters as well as transporters of other non oil and gas stuff you know their ships are stuck you know there could be some significant cost to those specific company and josh also just thinking about it when the when the canal actually is finally cleared the traffic jam that we're seeing is just going to end up at ports right with ships arriving all at once or presumably even further delay is that. yeah although it is important to highlight that the suez canal is relatively small compared to the trade. and across the atlantic as well as across the pacific so relatively speaking this is a relatively small choke point but there could potentially be backlogs and frankly there were already kind of backlogs even before the suez canal issue josh young the chief investment officer at bison interesting to us from houston great to get your insights here on out of there thanks for being with us. thank you now in turkey protests have been held against the government'

when r a s a and royal dutch shell their entire package exxon mobil and chevron are mama laggards in a newly released i'm in transition score or from. the energy transition is really presenting a huge challenge right now for big oil especially after the quantised virus basically decimated the entire industry by sinking demand and consumption so the clean energy is merging as many of these companies face a lot of pressure to do shareholder returns increase profit or even pay down long term those at the all especially in the in the gas and parking industry so that has to be energy index has dropped 15 percent including reinvested dividends since the start of last year meanwhile in europe b.p. is ramping up investments in clean energy at the expense of oil and gas shall have the power while still have reinvesting gas so it's seen so it seems as a bridge fuel to more renewable future so while a few major oil and gas firms have set ambitious new emission targets recently meaningful action to actually develop a low carbon business model still remain quite limited in the u.s. most of these

berkshire hathaway have started bargain hunting amid the market come back i think with a name 3rd just chevron of arrives in an apple now given that valuations are so high in the equity of the market where investors supposed to look for bargains in this quiet. well that is of course the $64000.00 question where do you find bargains as an environment a lot of the tech stocks look wildly overvalued and you look at their price earnings multiples or just at salute a stratospheric i think one sector that has done very very well though recently has been sort of the banking sector and i think that's a sector worth looking at there we see the p. e. multiples actually being extraordinary low so this firms like morgan stanley and goldman sachs and j.p. morgan whose p. e. ratios are some about $10.13 which is a fraction of what we see for some of the tech stocks and bear in mind if you look at what's happening with interest rates that is actually quite been. official the banks so what we've seen is the long term interest rates creaking upwards and the short term interest remaining very low and you can th

at chevron, we're lowering the carbon emissions intensity of our operations, investing in lower-carbon technologies, and exploring renewable fuels of the future. we work hard to care for the homes we love. but it's only human... to protect the one we share. ♪ >>> good morning, everybody. time to wake up. time for some breakfast. we are serving up the "squawk" stack this morning you're going to see after a mix dade for the market it's yesterday where the dow was up by 100 points but the s&p was down slightly. and the nasdaq was down more significantly, it's a repeat of that this morning. nasdaq futures right now indicated down by 0.4% but the dow futures, dow not only up yesterday but set another record close i think that's the 17th that we've seen just this year. in the early part of this year dow futures indicated up another quarter percentage point we're keeping an eye on viacom and discovery. the stocks bouncing back after the big, big runups they've seen in the last couple months. discovery up by 1.5% viacom, premarket, 10% the ten-year note is the one we're watching, yields 1.77

at chevron, we're lowering the carbon emissions intensity of our operations, investing in lower-carbon technologies, and exploring renewable fuels of the future. we work hard to care for the homes we love. but it's only human... to protect the one we share. >>> stocks are in the green with s&p seeing the biggest those still on track for another weekly loss. materials, energy and technology are your leaders today utilities and communication services, the only two sectors in the red here are some of the movers this hour shares of viacom cbs lower stock down 40% this week on track for the worst weekly performance ever shares are lore. the ev maker suspending production at one of its factories for five days due to the global chip horshortage clie chinese tech stock vs been under pressure down today. ten cent seeing the biggest dec decline. now let's get to rahel for a cnbc news update >> the white house says that president biden is worried and reviewing options. that's after georgia's governor approved d new voting rules th restrict absentee voters the law will help restore trusted electio

at chevron, we're lowering the carbon emissions intensity of our operations, investing in lower-carbon technologies, and exploring renewable fuels of the future. we work hard to care for the homes we love. but it's only human... to protect the one we share. >>> so take this. republican senator mitt romney is this year's recipient of the john f. kennedy profile in courage award. the honor given to the utah senator for being the lone-gop vote to convict then-president donald trump in his first impeachment trial. jfk's daughter, ambassador caroline kennedy, says this. that senator romney's commitment to our constitution makes him a worthy successor to the senators, who inspired my father to write "profiles in courage." he reminds us our democracy depends on the courage, conscience, and character of our elected officials. despite historic, political leanings of the romney and kennedy families. so you might remember romney unsuccessfully challenged jfk's brother ted kennedy. back in 1994. before going on to be elected governor. doing the right thing. its own reward, and it has no party. pre

. >> we're breaking down more moves when "fast money" coming right back at chevron, we're lowering the carbon emissions intensity of our operations, investing in lower-carbon technologies, and exploring renewable fuels of the future. we work hard to care for the homes we love. but it's only human... to protect the one we share. >>> welcome back to "fast money. apple shares rally on the back of call today, firm upping the price target from $27 to $115. shares are at $122 right now apple noting the ev cars haven't been in the stock. big tech overall had a very good day request -- with nasdaq making strong earnings in the face of the 10-year yield. >> if you look at nasdaq against the s&p a lot of that, call it destruction relative value-wise was put in about two weeks ago. since that point, especially semiconductors outperforming s&p by 8% in last couple weeks apple has traded below 50 for longest period since 2019 to the extent you need another story outside of 5g and refresh, maybe this is the story, but i just don't think we're ready to a scribe a particular value. i think the story w

at chevron, we're lowering the carbon emissions intensity of our operations, investing in lower-carbon technologies, and exploring renewable fuels of the future. we work hard to care for the homes we love. but it's only human... to protect the one we share. we see breakthrough medicines getting to patients in record time. at emerson, our automation software is empowering pharmaceutical companies to accelerate their production of critical vaccinations for the world. emerson. consider it solved. with a bang, of critical vaccinations for the world. energy and change came to every part of our universe. seismic or small, it continues. change is all around us. shaped by technology and human ingenuity, we can make it work for you and your business. >>> welcome back stocks are mixed now the dow and s&p, dow is in the green. s&p just about break even. the nasdaq seeing the biggest decline but well off session lows playing a factor today we'll have more in the cdc, ahead. let's check the sectors. you you tillties and communication sectors are leaders. energy and financials are the laggards take

at chevron, we're lowering the carbon emissions intensity of our operations, investing in lower-carbon technologies, and exploring renewable fuels of the future. we work hard to care for the homes we love. but it's only human... to protect the one we share. ♪ ♪ there's more to a yard than freshly cut grass. (sounds of mower cutting grass) there's real life. full of twists and turns, and some shenanigans too. which is exactly why we built these mowers, to clear the way for stuff like this, right here. run with us, because the best yards are planted with real memories. nothing runs like a deere. search john deere mowers for more. >> ♪ ♪ >> shannon: first up in tonight's real news roundup a report from the denver post about the mass shooting in boulder, colorado. new details on the erratic behavior of the gunman. witnesses heard him laugh amid panic and fired rounds into those already shot and dead. 10 people were killed on march 16th. [inaudible]. teen experimenting with marijuana are more likely to get hooked on them than those who try drugs with they are older. the "new york ti

. ♪♪ it's why last year chevron invested billions of dollars to bring affordable, reliable, ever cleaner energy to america. ♪♪ ♪ ♪ (kids talking) pnc bank believes that if an app can help you track your pizza... come on cody, where are you buddy? ...then your bank should have the technology to help you track your spending. virtual wallet® for digital banking. one way we're helping to make a difference at pnc bank. some say this is my greatest challenge ever. but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) his investing strategy and why he says the biand hold strategy is still king. >>> gamestop saga to the next target crowd former president tom farley will join us for an interview >>> another huge news making interview. exxonmobil ceo will join us live for the plans of the energy giant. "squawk box" starts now. >>> good morning and welcome to box right here on cnbc i'm andrew ross sorkin along with becky quick and joe kernen. two big hours ahead. u.s. equity futures at this hour before the mark