well, take a look at what oil majors did last year. exxon mobil recording $23000000000.00 and profit. you should see the figure up here for is not working right now. $23000000000.00 and profit. that's his highest earnings in 7 years. now, lucas, chevron $15600000000.00, almost $16000000000.00 there. likewise, a profit it hasn't seen in 7 years. so what happened? well, oil prices rose again. brent crude, the global standard is up from $51.00 a barrel in january 2021. to run $89.00 a barrel analyst from j. p. morgan even expect the price per barrel will reach $100.00 this summer. or if more or less, let's koreans quarter in new york. yes. do we have any idea how long this up swing is going to last in oil prices? well, i mean there are some estimates, sir, by j. p. morgan, for instance, or even by goldman sachs, we could read, share the 100 to a dollar, a crude mark, or even a within the next couple of months. so there is a feeling in the oil market that traders actually want to see the so $100.00 mark per barrel it's, it's really going to happen a depends clearly on a plenty of factors.

well, take a look at what oil majors did last year. exxon mobil recording $23000000000.00 and profit. chevron meanwhile, almost $16000000000.00. both for both of them, their highest profits in 7 years. so what happened? well, oil prices simply rose again. brent crude, the global standard is up from $51.00 a barrel and january 20, 21 to $89.00 a barrel. now analysts from gp morgan even expect that the price will reach $100.00 this summer. earlier i spoke with our financial correspondent in new york ians quarter and asked how long oil prices could continue to rise. well, i mean, there are some estimates, sir, by j. p. morgan, for instance, or even by goldman sachs, we could reach the 100 to a dollar, a crude mark, or even a within the next couple of months. so there is a feeling in the oil market that traders actually want to see the so $100.00 mark per barrel it's, it's really going to happen a depends clearly on plenty factors. let's see, for example, what wednesdays, opec plus meeting will bring to the supply side than if you look at the demand side . i mean, the weather is still a p

with ah, so much for peak oil, exxon mobil and chevron, prove that there's still plenty of reason to drill. rising oil prices catapult both companies to their highest profits in year, draw investors back to the fossil fuel giants. also on the show, berlin next is a 4500000000 euro take over of german semiconductor from sal tronic, from a taiwanese company. and we'll drop in on a cafe and tyler, we're coffee is served up with a healthy portion of investment strategy in crypto currencies. hello, welcome to the show. i'm see from beardsley in berlin. it was almost 2 years ago that the pandemic gutted oil prices. briefly turning contract prices negative and leading some investors to declare that oil's best days were over. well, take a look at what oil majors did last year. exxon mobil recording $23000000000.00 and profit. chevron meanwhile, almost $16000000000.00. both for both of them. their highest profits in 7 years. so what happened? well, oil prices simply rose again. brett crude, the global standard is up from $51.00 a barrel and january 20, 21 to $89.00 a barrel. now, analysts for

ah, so much for peak oil, exxon mobil and chevron, prove that there's still plenty of reason to drill. rising oil prices catapult both companies to their highest profits in years and draw investors back to the fossil fuel giants. also on the show. berlin next is a 4500000000 euro take over of german semiconductor firm, still tronic from a taiwanese company. and we'll drop in on a cafe and tyler, we're coffee is served up with a healthy portion of investment strategy encrypted hello of the show. i'm see from beardsley in berlin. it was almost 2 years ago that the pandemic gutted oil prices . briefly turning contract prices negative and leading some investors to declare that oil's best days were over. well, take a look at what oil majors did last year. exxon mobil recording $23000000000.00 and profit. chevron meanwhile, almost $16000000000.00. both for both of them. their highest profits in 7 years. so what happened? well, oil prices simply rose again. brett crude, the global standard is up from $51.00 a barrel and january 20, 21 to $89.00 a barrel. now analysts from gp morgan even expe

the fossil fuel johns receiving the funding included exxon mobiles shall be pay and saudi romco while the banks have insisted they all committed to working with their customers to achieve a transition towards low carbon economy. while all giant exxon mobil has said that the international energy agency and the u. n's, inter governmental panel on climate change agree that significant investments in oil and gas is still needed for you to 2050, even in a net 0 scenario. net 0, of course, refers to stay in which the greenhouse gases go into the atmosphere are balanced by the removal out of the atmosphere. let's discuss this further with the market strategist and former economist at city. great. mark fulton, who's also the chair of the research council of the carbon tracker and founding partner of energy transition advises. he joins us from new south wales in australia . thank you for your time, sir. who are the biggest finance is when it comes to investment in coal and other carbon intensive fossil fuels. but essentially, i think if we take cole, i think it's important to step up a level a

but one that i'm going to highlight is exxon mobil, xom. 4.6% dividend yielder. they're buying the next week out, march 4th expiration, 80 strike calls with the stock at $77 this morning it's moving up again i think, again, that we're likely tosee higher energy prices for at least several months here, mel, perhaps much longer than that and exxon mobil is well positioned to take full advantage of that. second one, rolled flat steel. a lot of people when they think of cliffs think of mining and/or, you know, what they do as far as getting stuff out of the ground they're really about steel production and rolled flat steel, and we show buying at the 23-strike out in may with the stock at 20. now, it's made a move in the last hour, mel, to 21, so it's on its way to 23 i like both of these trades. i'll be in the one continuing with exxon mobil through next week, and with cliffs i'll probably be in that for several months >> we've got many more trades ahead. we'll get you ready for the big earnings next week "halftime" is back right after this this is your captain speak

yes. exxon mobil and other oil major facing calls to divest of its projects in russia. what kinds of pressure are these western companies under right now? well, i mean, if we talk about exxon, i'm steven they had already ended a joint venture resort and have them a couple of years ago, but they still have a 30 percent stake and oil and gas field. so i'm on the, in the east of russia. so clearly they're called that to and that, and then it really depends on the industry and under cooperation. how big the connections to russia are general motors, by the way, here on monday, announce to stop exports to russia. for now, the same is true for deliveries from u. p. s, for example, or federal express to the united to, to russia. but over all, obviously, russia is the closer to the reopen union. and also the tycer are bigger than here. 2, most corporations in the united states. okay, so far more exposure to russia from european businesses, compared to u. s. businesses. but what are we seeing from markets in the financial hub of the world? frankly? well, i mean us, some investors

yes. exxon mobil and other oil major facing calls to divest of its projects in russia. what kinds of pressure are these western companies under right now? well, i mean, if we talk about an exxon, i'm steven they had already entered a joint venture. was the rosin f t. m. a couple of from a years ago, but they still have for 30 percent to mistake and oil and gas field. so i'm on the, the east, off from a russia, so clearly they are called said to and that, and then it really depends on the industry and on the corporation and how a bic, of the connections to russia are a general motors. by the way, here on monday, announced to stop exports to russia for now at the same is true for deliveries from u. p. s. for example, or federal express to the and i a to, to russia button over all, it's obviously a russia so closer to the european union. and also the tycer are a bigger than, i'm here to most corporations in the united states. okay, so far more exposure to russia from european businesses, compared to u. s. businesses. but what are we seeing from markets in the financial hub

look at what happened at exxon mobil. david: you obviously are passionate about this subject. john: i am passionate about it because the negatives that will come are so identifiable. 99% of the people dying are unvaccinated and 97% of the people going to the hospital are unvaccinated. you get a message from that. we are spending hundreds of billions of dollars cleaning up a storm we might have prevented. it will cost us far more not to take action than it costs to take action. david: you came to washington in 1985 as a senator. how is washington different from 1985? john: night into day. we would get -- night and day. we would get together for supper and republicans and democrats would eat together and laugh. that has changed not the least of which because of the amount of money it takes to run for office in america now. it is a constant process. david: as you look at your career in public service, we what are you most proud of achieving so far? john: for 28 years i had the privilege of representing massachusetts. we did some exciting things with health care, ending the war in

exxon mobil was up 6%. earlier, major european indices kicked off a positive note,. moving on, the australian mining company has released a damaging report about its workplace cultur the investigation found sexual assault, bullying and racial discrimination were right throughout the company. management described the findings as disturbing. they operate in 35 countries around the world. french, chinese oil giants have confirmed a $10 billion deal and you, -- uganda. they plan to build a major pipeline for the region and exploit crude oil reserves. sony playstation has bought a developer for $3.6 billion. the studio was behind halo. the takeover heightens the stakes in the increasingly lucrative video games market. microsoft spent $70 billion to take control of some of the industry's biggest titles. the new york times has paid what it describes a low seven-figure sum for the online word game wordle. it was created by a software engineer that has become an overnight sensation. reporter: it is simple and free tubelike. originally created by a software developer for him a

look at exxon mobil. they lowered their breakeven points to 35. there becoming more efficient. it might not have as much juice to the upside and seeing that in recent rallies, obviously energy equities have rallied but not the same as the commodities. it offers better protection on the downside it i think we are set up for that downside. i like those plans better than straight up commodities at this point. kailey: it always seems energy stocks are lagging oil prices. thank you so much for joining us, rebecca batted. -- rebecca babin. this is bloomberg. ♪ kailey: live from new york i'm kailey leinz with guy johnson in london. the european markets have closed, the u.s. stock market still trading. we are off of the highs. abigail doolittle is tracking the moves. abigail: we have had so much volatility recently and another day of volatility. the nasdaq 100 at session highs. not so long ago dipping just slightly lower, now fractionally higher. anybody's guess as to how the day will end. clearly something going on beneath the surface. let's look at the big winners. as for the lagga

in fact, in the last quarter, exxon mobil, chevron, shell and bp made nearly $25 billion in profits in one quarter. gas price is soaring, profits of the oil companies soaring as well. but that's not all. everybody is worried about high food prices. senior citizens living on fixed incomes go to the grocery store and get upset about seeing increased prices of meat and vegetables. turns out that the food industry is also enjoying huge increases in profits. in fact kroger, one of the largest grocery store chains in america, made a record-breaking profit of some $4 billion in 2021, while its stock price jumped 36% in the past year, its ceo got a 296% pay raise over the past decade and they have been able to spend $1.5 billion on stock buybacks and dividends to enrich their wealthy shareholders. food prices soaring, and yet company after company in the food industry are making huge profits. for the people on top, the good news is, that it is not just that corporate profits have never been better. that is good news, but even better for them, is that ceo compensation has never been higher. the

look at what happened to exxon mobil -- three seats on the board of directors have gone to people who care about climate. it is changed what that company is thinking about doing respect to it. david: you are passionate about the subject, i assume it is fair to say? mr. kerry: the negatives that will come with ignoring this further are so identifiable. it is almost like the vaccination issue -- i don't want to get into it too deeply -- went 99% of the people dying are unvaccinated, and 97% of the people in hospital are unvaccinated, you get a message from that. it is the same thing here. we are spending hundreds of billions of dollars cleaning up the mess after a storm that we might have been better off preventing in the first place. all the literature is clear. . all the economic analysis is clear. it will cost us far more not to take action than it costs to take action. so common sense says let's get to work. david: you came to washington in 1985 as a senator. how is washington different than 1985? mr. kerry: night and day. david: because there was bipartisanship? mr. kerry: to some

good exxon mobil. three seats on the board of directors have gone to people active caring about climate and it changed what that company is thinking about and doing with respect to that. >> you are obviously passionate about the suspect. john: i am passionate about it because the negatives that will come with ignoring this further are so identifiable that it is almost like the vaccination issue. i do not want to get into it too deeply. 99% of the people dying aren't vaccinated. 97% of people in the hospital are not vaccinated. it is about the same here. we are spending hundreds of billions of dollars cleaning up the mess after a storm that we might have been better off preventing in the first place. all of the literature is clear. all the economic analysis is clear. it will cost us far more not to take action than it costs to take action. so, comments and says let's get to work. david: you came to washington in 1985 as a senator. how is washington different than 1985? john: night and day. david: then t

look at what happened to exxon mobil -- three seats on the board of directors have gone to people who care about climate. it hass changed what that company is thinking about doing respect to it. david: you are passionate about the subject, i assume it is fair to say? mr. kerry: the negatives that will come with ignoring this further are so identifiable. it is almost like the vaccination issue -- i don't want to get into it too deeply -- when 99% of the people dying are unvaccinated, and 97% of the people in hospital are unvaccinated, you get a message from that. it is the same thing here. we are spending hundreds of billions of dollars cleaning up the mess after a storm that we might have been better off preventing in the first place. all the literature is clear. all the economic analysis is clear. it will cost us far more not to take action than it costs to take action. so common sense says let's get to work. david: you came to washington in 1985 as a senator. how is washington different than 1985? mr. kerry: night and day. david: because there was bipartisanship? mr. kerry: to more

, mobil and shell are they sitting around some secret facility somewhere deciding okay, let's raise our prices? if you are to believe biden always industry get together and secretly agreed to raise prices all the same time which explains inflation for that of course is ridiculous. inflation is a result of rapid out-of-control truly dollar spending on the part of joe biden at unified democratic government that's the cause of the huge probably are suffering today. >> carol, from a political perspective what you think democrats need to do now? the president is kind of trying another option which is to show empathy. i feel your inflation pain, i understand how bad it is, it seems like it may be could be an upgrade from the blame business idea? but they need an answer here don't they? >> it is about time because for a long time this white house was completely dismissing the concerns of americans and saying basically they were made out. i'm of the tragedy of the treadmill that was delayed in the way the white house is in general discussing inflation is been like oh, inflation is good. it is r

look at what happened to exxon mobil -- three seats on the board of directors have gone to people who care about climate. it has changed what that company is thinking about doing respect to it. david: you are passionate about the subject, i assume it is fair to say? mr. kerry: the negatives that will come with ignoring this further are so identifiable. it is almost like the vaccination issue -- i don't want to get into it too deeply -- when 99% of the people dying are unvaccinated, and 97% of the people in hospital are unvaccinated, you get a message from that. it is the same thing here. we are spending hundreds of billions of dollars cleaning up the mess after a storm that we might have been better off preventing in the first place. all the literature is clear. all the economic analysis is clear. it will cost us far more not to take action than it costs to take action. so common sense says let's get to work. david: you came to washington in 1985 as a senator. how is washington different than 1985? mr. kerry: night and day. david: because there was bipartisanship? mr. kerry: to some e

reports on manufacturing, job listings and auto sales, and we'll get earnings from exxon mobil, google's parent alphabet and general motors. pintrest is launching a new tool that will allow customers to see what furniture looks like in their house. it will include crate and barrel, and west al many. prices and product information will appear within the pins. the number of consumers who use augmented reality content at least once a month is estimated to top 100 million this year. dominos will pay you to pick up your own pizza. the chain will offer customers a $3 credit through the end of may if they choose carry-out over delivery for online orders. the credit is good for a week and can be used on another carry-out order. dominos, like other restaurants, is having a hard time getting enough drivers. delivery accounts for two-thirds of the company's sales. back to you. >> there you go. just do it yourself. >> that's what i've been doing. >> exactly. >> i'm independent. thank you. >>> 4:41 this morning, the pandemic having an impact on our environment. we'll break down the reason world healt

the fossil fuel johns receiving the funding included exxon mobiles shall be pay and saudi romco. while the banks have insisted they all committed to working with their customers to achieve a transition towards low carbon economy. why all giant exxon mobil has said that the international energy agency and the u. n's inter governmental panel on climate change agree that significant investments in oil and gas is still needed through to 2050, even in a net 0. scenario. net 0, of course, refers to stay in which the greenhouse gases going into the atmosphere are balanced by the removal out of the atmosphere. let's discuss this further with the market strategist and former economist at city. great. mark fulton, who's also the chair of the research council of the carbon tracker and founding partner of energy transition advises. he joins us from new south wales in australia . thank you for your time, sir. who are the biggest finance is when it comes to investment in coal and other carbon intensive fossil fuels. but essentially, i think if we take cole, i think it's important to step up a

look at what happened to exxon mobil -- three seats on the board of directors have gone to people who have been active, caring about climate, and it has changed what that company is thinking about doing respect to it. david: you are passionate about the subject, i assume it is fair to say? mr. kerry: i am passionate about it because the negatives that will come with ignoring this further are so identifiable. it is almost like the vaccination issue -- i don't want to get into it too deeply -- but when 99% of the people dying are unvaccinated, and 97% of the people in hospital are unvaccinated, you get a message from that. well, it is the same thing here. we are spending hundreds of billions of dollars cleaning up the mess after a storm that we might have been better off preventing in the first place. all the literature is clear. all the economic analysis is clear. it will cost us far more not to take action than it costs to take action. so common sense says let's get to work. david: you came to washington in 1985 as a senator. how is washington different than 1985? is it -- mr. kerry:

why don't just tell everyone to choose between the exxon mobil tiger and the shell oil shell. i mean, do you honestly believe that mollusk would do worse than crump or buying? that thing is 10 times that as an ethical is donald trump and knows the names of twice as many of its own grand get divine dies and it has 30 down and grand kids. and yes, you could have voted for a 3rd party, but in most dates they have the 3rd party balance hidden bind to rent that dumpster out back to polling place. and they tell you they'll only accept the ballot if you pay on it 1st. well geez, having the 2 biggest oil poppet as are 2 choices to run the country is a kind, a warm and comfortable veiling. right? because it's what we're used to. it was the same in 2016 ok. ted cruz beat them, but it was close and it was the same in 2012 and it was the same in 2008. i'm a notice of pattern. just like when the 4th line data ro told me my featured smell like that naturally. sometimes patterns can help you learn something. we've got a quick break, but check out my podcast is called moment of clarity and it

why don't just tell everyone to choose between the exxon mobil tiger and the shell oil shell. i mean, do you honestly believe that mollusk would do worse than trump or buying? that thing is 10 times that as an ethical is donald trump and knows the names of twice as many of its old grand get divine guys. and it has 30 grand kids. and yes, you could have voted for a 3rd party, but in most dates they have the 3rd party balance hidden, bind, or ran to dumpster out, back to poland, place. and they tell you they'll only accept the ballot if you pay on it 1st. well geez, having the 2 biggest oil puppets as our 2 choices to run the country is a kind, a warm and comfortable veiling. right? because it's what we're used to. it was the same in 2016 ok. ted cruz beat them, but it was close and it was the same in 2012 and it was the same in 2008. i'm a notice of pattern just like we're in the 4th line day in a row, told me my feet shouldn't smell like that naturally. sometimes patterns can help you learn jumping. we have to go to a quick break, but check out my podcast is called moment of c

end used by exxon mobil to pay its russian staff was -- a bank used by exxon mobil to pay its russian staff was among those sanctioned by the white house. the biden administration at last week sanctioned five of russia's largest banks, hampering their ability to operate internationally. the toshiba ceo said he can't afford taking the japanese conglomerate private even as investors call for a reopening of talks. he says there are too many risks and says splitting the two companies is still the best plan. rishaad: looking at what is a down story for equity markets here, japanese equities also to the downside. singapore is lower. the hang seng is under pressure. a lot of action in the commodities market, another move up for brent crude, just shy of $102 a barrel. we have a whole host of other commodities on the way. 9% higher for wheat. corn, 5% higher. a huge amount of edible food did come out of russia. looking at the japanese lunch break, equities are on their way down. the selloff is due to of russia's invasion of t >> under this package, important russian banks will be excluded from

mobil reported $23000000000.00 and profit for 2021. while chevron reported $15600000000.00 for the year, both seeing their highest profits in 2014. now shell and b p are also expected to post good numbers this week. so what are these big earnings telling us about the recovery of oil demand? well, it's kind of showing that the worst days of the pandemic may be behind us. now as the oil and gas market is already on a steady volume and price recovery mode, since a stork lows and mid 2020. so especially the sustain recovery from asian oil demand is a sign that the worst is over. as far as the pandemic is concerned, the asian market is a major driver and the global energy dynamics. with about 40 percent market share and global energy consumption, primarily from oil and gas. so global oil demand is seen growing approximately $3.00 to $5000000.00 barrels per day and 2022 with analysts. the immediate impact from the current cobit search, and we are soon expected to return to a pre call with level in early 2022. however, while demand for oil an

that fossil fuel company, exxon mobil, chevron, whatever, when they target, they will begin to move more expeditiously and rapidly to the removal -- removable fuels. young people really should think in terms of targeting those boycotts and those industries that moved the air and the water and demanded that they change their activity or reduce the amount in the air. that would be my advice to young people. the boycotts have been very successful and meaningful in the past and they brought about all kinds -- those montgomery boycotts kicked off these protests. they can go from there. >> the story is on the boycotts, sit and margins. they are all told in v.p. franklin's book, "the young crusaders." thank you for spending an hour with cspan. prof. franklin: thank you for having me. >> all q&a programs are available on our website or as a podcast on our c-span now at. safe and now video app. announcer: "washington journal" continues. host: a discussion on efforts to battle the crisis of synthetic opioids. bryce pardo works at the drug policy research center at the rand corporation, serves as a

mobil reported $23000000000.00 and profit for 2021. while chevron reported $15600000000.00 for the year, both seeing their highest profits in 2014. now shell and b p are also expected to post good numbers this week. so what are these big earnings telling us about the recovery of oil demand? well, it's kind of showing that the worst days of the pandemic may be behind us. now as the oil and gas market is already on a steady volume and price recovery mode. since and dork lowes and mid 2020. so especially the sustain recovery from asian oil demand is a sign that the worst is over as far as the pen that make is concerned. the asian market is a major driver in the global energy dynamics. with about 40 percent market share and global energy consumption, primarily from oil and gas. so global oil demand is seen growing approximately $3.00 to $5000000.00 barrels per day in 2022 with analysts. the immediate impact from the current cobit search, and we are soon expected to return to a pre call with level in early 2022. however, while demand for oi

mobil reported $23000000000.00 and profit for 2021. while chevron reported $15600000000.00 for the year, both seeing their highest profits in 2014. now shell and b p are also expected to post good numbers this week. so what are these big earnings telling us about the recovery of oil demand? well, it's kind of showing that the worst days of the pandemic may be behind us. now as the oil and gas market is already on a steady volume and price recovery mode. since and dork lowes and mid 2020. so especially the sustain recovery from asian oil demand is a sign that the worst is over. as far as the pandemic is concerned, the asian market is a major driver and the global energy dynamics. with about 40 percent market share and global energy consumption, primarily from oil and gas. so global oil demand is seen growing approximately $3.00 to $5000000.00 barrels per day in 2022 with analysts. the immediate impact from the current cobit search, and we are soon expected to return to a pre call with level in early 2022. however, while demand for oil a

that fossil fuel company, exxon mobil, chevron, whatever, when they target, they will begin to move more expeditiously and rapidly to the removal -- removable fuels. young people really should think in terms of targeting those boycotts and those industries that moved the air and the water and demanded that they change their activity or reduce the amount in the air. that would be my advice to young people. the boycotts have been very successful and meaningful in the past and they brought about all kinds -- those montgomery boycotts kicked off these protests. they can go from there. >> the story is on the boycotts, sit and margins. they are all told in v.p. franklin's book, "the young crusaders." thank you for spending an hour with cspan. prof. franklin: thank you for having me. >> all q&a programs are available on our website or as a podcast on our c-span now at. -- app. human >> c-span is your unfiltered view of government. we are funded by these television companies and more, including cox. >> providing eligible families access to affordable internet. bridging the digital divide one con

mobil reported $23000000000.00 and profit for 2021. while chevron reported $15600000000.00 for the year, both seeing their highest profits in 2014. now shell and b p are also expected to post good numbers this week. so what are these big earnings telling us about? the recovery of oil demand was kind of showing that the worst days of the pandemic may be behind us. now, as the oil and gas market is already on a steady volume and price recovery mode. since and dork, lowes and mid 2020. so especially the sustain recovery from asian oil demand is a sign that the worst is over. as far as the pandemic is concerned, the asian market is a major driver and the global energy dynamics. with about 40 percent market share and global energy consumption, primarily from oil and gas. so global oil demand is seen growing approximately $3.00 to $5000000.00 barrels per day in 2022 with analysts. the immediate impact from the current cobit search, and we are soon expected to return to a pre coven level in early 2022. however, a while demand for oil and gas

exxon mobil is trying to accelerate a $10 -- $10 billion buyback share. aggressive spending cuts help the oil companies surge on energy demand. cash flow more than tripled to almost $18 billion during the final three months of 2021 compared to a year earlier. that is your bloomberg business flash. tom: let us get into the key market drivers with art markets reporter, christina team -- kristine aquino. are they blocking back the commentary from jay powell? they have a hawkish tone in that press conference. is that a hawkish approach from the fed markets? kristine: it seems that way and it is adding nuance to what the fed is planning to do this year more than any sort of walk back from the message we heard from jay powell last week where we are seeing. i think the fed is still raring to go in terms of its rate hiking cycle this year, but they also want to indicate to the markets that they are not going to do anything crazy like a 50 basis point rate hike in march. commentators were perhaps expecting or putting a damper on some of those expectations for six

mobil over its climate strategy in 2021. swissair will suspend flights to ukraine stating today. 0ver to ukraine stating today. over the last few weeks the us has accused russia of wanting to invade ukraine. the accused russia of wanting to invade ukraine.— invade ukraine. the airline operator — invade ukraine. the airline operator says _ invade ukraine. the airline operator says it _ invade ukraine. the airline operator says it will - invade ukraine. the airline. operator says it will monitor the situation closely. the uk prime minister is expected today to outline the government's strategy in england for living with covid. he will set out a plan to end all remaining coronavirus restrictions "a full month early", meaning rules, including the requirement to self—isolate could be lifted around february 24, a month before the coronavirus act is due to expire. under the current rules, anyone who tests positive must self—isolate for at least five full days. the current restrictions are due to expire on 24 march. but mrjo

exxon mobil posted the highest growth in years. exxon shares are up more than 20% this year after an almost 15% gain in 2021. blackstone and carlisle are in talks about teaming up for what could be one of the biggest buyout deals ever. bloomberg has learned the private equity firms are considering a bid for the generics unit at swiss drugmaker novartis. it could be valued at around $25 billion. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ i'm ritika gupta. this is bloomberg. ♪ ♪ >> he is not de-escalating. at one point he claimed he was de-escalating, that they were moving for his back. that is not the case. that is not what we are seeing. for that reason, we have that decision that the u.s. wants to keep those forces on alert, and that is something we can do for quite some time. those troops will be ready should we need them to defend nato territory. jonathan: julianne smith, the u.s. nato a

anyway, maria, we are talking about exxon mobile and the stock is up 2% right now. we are following another story, ubs, swift bank reporting best annual profit since 2006. ceo ralph saying the bank is in better shape than ever and announcing plans to use technology to increase revenue, reach more customers in the itt s aarsarsthernothevamp i i t t a bskan and a ay ging for $ in essh bcks.s. rov mggg hig ose ofosdlineaeaeaa veom oveer ove ove ove gs wgs w kgs w going ooi a, bk to you y y irita: s seoe ls fthels m mfff wst icndingnd aingrs f eon e,, h cdc chi mhiningni to to plain tplainain covid guideline for children especially the mask requirements for kids two years and olderment house minority whip steve scalise writing this to cdc director rochelle walensky. joining me right now louisiana congressman, house minority whip steve scalise, congressman, it's always a pleasure to see you. thank you very much for being here this morning. i was struck today reading that they want to get regular approval and emergency use approval for a vaccine for kids as young as 6 mon

mobil. >> i was impressed. >> on with becky this morning. >> wasn't that a good discussion, too? >> we've known they're going to generate a lot of cash but 48 billion in cash flow from operations, the m highest level since 2012. >> buying back stock again, remember >> we talked about the dividends. wasn't that long ago people were questioning whether the dividend was sustainable. >> and whether it's be a dividend aristocrat. remember they bumped it a penny to stay at aristocrat. mike werth, is he feeling the competition yet? because bp and world dutch have not really -- they're very esg exxon esg since they elected the sierra club on the board there. >> they've got very significant members of their board focused on the transformation. >> anyone who owns the stock on that board is happy because look at the move in the stock price that is not because of their esg efforts. >> i could overlay the price of oil, they look very similar. >> they do you still -- you just don't want to only give profits to cvs -- i mean to -- you can't help yourself. >> i've got another one i'm going to re

exxon mobil seeing a nice pop. the best profit going back to 2014 as oil and natural gas rises. those shares having their best day since november 2020. as for earnings season overall, it is pretty interesting. lots of different trends coming up. the buzz word to come out of this current earnings season is supply chain. supply chain has the top spot right now with 1100 minions on earnings calls, followed by margins, inflation headwinds. one encouraging note, covid on bottom, 176 mentions. but again, supply, a big-time concern. guy: i guess they are both connected as we watch the impact of omicron not only in the united states, but elsewhere, particularly china. abigail, great work. thank you indeed. abigail doolittle talking us through the market action so far. it is certainly a subject that everybody is tracking very carefully. adelphia fed president patrick harker talking about the impact of supply chain crunches in terms of the inflation narrative and the impacts on rising prices, and by extension on interest rates. he spoke exclusively with bloomberg's mike mckee. patrick: th

romaine: exxon mobil crossing the wire right now. 85 billion dollars in revenue. that is a beat on the top and bottom line numbers. we were talking about the best score they have had going back in about eight years. baked into this is a little bit of caution. you could see some hold up with regards to diesel demand, gasoline demand. it says jet fuel demand to track a little lower than what the previously anticipated, and there are a lot of cost cuts baked in this report. we did get that report yesterday about them moving one of their offices out of houston to another location in texas. they also talk about a reorganization of some units here. keep an eye on on mobile. those shares slightly higher on the day by about 1% in the premarket. we had ubs earnings a little earlier. shares higher by about 7%. cost issues a big will there -- a big deal there. the good news is they were able to raise prices to offset some of that. at&t finally providing details of that spin off of warner media. shares down about 3%, partially because that dividend is going to go down pretty

a few more energy companies listed in their like exxon mobil, and others who haven't done anything yet, so we just at the beginning of that, could be so much more. it’s just at the beginning of that, could be so much more.— be so much more. it's going to be fascinating _ be so much more. it's going to be fascinating. natalie, _ be so much more. it's going to be fascinating. natalie, melinda, - be so much more. it's going to be i fascinating. natalie, melinda, thank you both very much. we will have to leave it there for now. thank you for your company and we look forward to speaking to you again. thank you for your company. to speaking to you again. thank you foryour company. i to speaking to you again. thank you for your company. i will be back with more papers on tuesday night. good night. good evening. football's world governing body fifa has suspended russian football clubs and national teams from participating in any of their competitions and those of uefa after the country's invasion of ukraine. it means the russian men's team will not play their world cup play—off matches n

you had microsoft justifying, apple justifying, today, exxon, mobile and ups justifying and i think we'll be fine and we are probable washed out. we are two and a half dollars, maybe less from the 200 day and the qqq, mel i think that's a level that will be very interesting to watch because, obviously, since it's above us that's resistance. if we break through it and stay through it for more than a day, then i think we have our answer. >> you know, josh brown, just to be clear mr. josh brown downtown, a lot of people out there are watching the recent gains in the markets particularly in some of the bombed-out names and the high-growth, high-valuation names and they're thinking, did i miss that bottom here. are you better off being earlier or late like your christmas decorations behind you >> it's winter wonderland. it's not christmas >> winter wonderland i'm glad you asked that question because i have a very strong take here. i think what we have to consider is the market of stocks, different components of the market will act differently going forward. we've had guests on the show talking

a dividend hike over there exxon mobile, better earnings. the revenues came in shy sirius xm, shares up on better than expected results. amc entertainment preannounces some of the results given guidance for results up about 10% watch the names. ups not often we can say a industrial shipping type company is the top performer in the s&p, but it's up 13% today. >> incredible. dom, thank you very much >>> fed watchers have been upping their forecast for rate hikes in some cases to 7 yesterday the fed said cutting the balance sheet more quickly would lessing the need for so many rate hikes. what should the fed do here? we have the results of a survey looking at this issue. steve liesman has the results. >> you got questions, we got answers. the cnbc flash fed survey, we did this after the fed meeting to see if the outlook changed in the prior survey it finds the correspondents not as hawkish on the price market for the fed rakes. they look for 3. 7 hikes it means three hikes are built in and there's a debate with a leaning toward a fourth hike th

if you're seeing it right in front of you have the xle paying you almost a 4% dividend, chevron and exxon-mobile the two largest holdings both paying 4% dividend s, mid-teens multiples with the wind at their sales, so it's a really easy way and kind of an uncertain time to know that you're probably going to make good money. charles: i should point staples looking pretty good, proctor and gamble up huge, michael always appreciate it. so members of congress continue to push this war on fossil fuels we do have germany as the ultimate cautionary tale, for what happens when a nation pursues a climate change-driven energy policy. check out german electricity rates. i mean, this has only gotten worse and it's going to get worse because just today they closed three of their last six nuclear power plants. joining me now former special assistant to president george w. push pippa malgren, i've been railing against this madness and it's crushing the american middle class. your thoughts on why there can't be a more sensible approach to this? >> well, this is a great question. look fundamentally, i think most

susan: no, exxon mobil, let's talk about the other earnings today. there is a dividend push their, $23 billion in profit last year and that is to oil prices rally into the highest in eight years yet to go back to 2014, as you mentioned investors love cash return and exxon mobil through buybacks they have to protect their dividend by $10 billion stock buyback will start this quarter so companies know the mentality in order to get reward you have to get back to shareholders in dividend or share buyback. >> share buybacks work for me. alphabet as in google report this afternoon "after the bell" what are you looking for obviously google has been investing heavily to catch up with amazon and microsoft, online advertising will be interesting. stuart: we appear to have lost the audio feed. susan: did i freeze up there? stuart: just a little bit but you loosened up towards the end, you looking for cloud growth the alphabet. >> crowd growth is fantastic, alphabet only down 7% and up 46% over the past year i would say alphabet is coming up a little bit better.

mobil, you know, one of the biggest oil companies in the world and a you know, huge polluter and climate terms and an exploiter of humans around the world that dollar that you've invested. then doesn't go to someone at exxon it doesn't you know affect their profits. it does help hold the share price up, but it's a it's a much murkier line and if you get rid of a share of exxonmobil a lot of those shares of fossil fuel companies are just being snapped up by private equity investors who are saying hey all the people who care about the climate are dumping this stuff. we're gonna get a bargain, but they're still holding on to that stock. so it's not necessarily pushing the companies to do things any differently, which is really the goal of divesting with banking. however, people don't realize that you know, we think the money that's going into our savings account or even checking account in some cases is funding small business loans and your community or mortgages for first-time home buyers in your community. and it's true that maybe some of that is happening. but a lot of the money if you'r

mobil. is that your understanding? >> that is correct and the previous administration apa increase the number of refinery exemptions by a factor of six a sixfold that resulted without any information or transparency as to how it is they determine those particular refiners reached a narrow threshold to have disproportionate economic harm so we are pleased to see it takes a different approach working to follow the law that avenue which is available. >> thank you for that response. in closing and certainly from the witnesses but also from those to be remote remotely grateful to the panel and it is not an easy issue and it is long overdue and has been helpful for me and some of my colleagues to raise as many questions as we have answered but it's a good start how much of this committee across party lines we try to find consensus. thank you all for joining us today and then to help safeguard that security boost and then reduce greenhouse gas emissions and then continuing and members of our collea

a bank used by exxon mobil to pay russian staffed was sentient by the white house -- sanctioned i the white house. the biden administration sanctioned five of russia's largest banks hampering their ability to operate internationally. >> we are taking a look at what we are seeing when it comes to the fx space. really it is the dollar. we see the gain against just about every other major currency. look at where the dollar is at where the dollar is at the moment. so much weakness, particularly when it comes to commodities, currencies, the lights of the aussie in particular. the euro is softer, 7/10 of 1%. broader economic risks for europe remain. regional currencies, the yen is pretty steady. demand has been for the dollar rather than classic haven currencies like the yen or even the swiss franc. the kiwi and aussie currencies are seeing some downside in the slide away from risk. coming up, why the risks of supply disruption to the energy market are low despite the switching wireless carriers is easy with xfinity. just lean on our helpful switch squad to help you save with xfinity mobile

mobil. is that your understanding? >> that is correct and the previous administration apa increase the number of refinery exemptions by a factor of six a sixfold that resulted without any information or transparency as to how it is they determine those particular refiners reached a narrow threshold to have disproportionate economic harm so we are pleased to see it takes a different approach working to follow the law that avenue which is available. >> thank you for that response. in closing and certainly from the witnesses but also from those to be remote remotely grateful to the panel and it is not an easy issue and it is long overdue and has been helpful for me and some of my colleagues to raise as many questions as we have answered but it's a good start how much of this committee across party lines we try to find consensus. thank you all for joining us today and then to help safeguard that security boost and then reduce greenhouse gas emissions and then continuing and members of our collea