in the neighborhood now mayflower residents claim that they have lingering health of facts and that exxon has failed to properly clean up the spill and your role as one of those residents and she joined me earlier and first asked her what it was like on the ground six months ago. it was very smelly very bad problems all of the chemicals that came out in the very you know first few days and few weeks there was all the really where. the managed to clean up a lot of it to where he can see that there are still a lot of it are out there and you know back in the areas where most public people would. the state health department initially blew off the symptoms of dizziness and said that residents were welcome to leave their homes that they wanted to why do you think the health department was so nonchalant initially about serious health risks. this is the first time they've ever had to deal with all spill and this being have the courage to do with all the extra chemical they manage their equipment that they were using to test the air with measures parts per million where the chemicals that we were

education foundation on behalf of exxon scientists, and... we live in a world of molecules interacting with other molecules in chemical reactions. what makes the reactions occur? why are some fast and some slow? the rate of a reaction turns out to be critical whether you're involved in construction or winemaking or simply preparing food. to understand these dynamics, we must probe the driving forces. captioning made possible by the annenberg/cpb project chemistry is not just bottles on a shelf. that would be pretty dull. it's about chemical reactions, about compounds changing to make other compounds, about molecules bouncing around. it's a wonderful world of transformations. take this apple tree. it grew from a seed, but on the way it used water from the soil, minerals and fertilizers from the soil. it took in carbon dioxide from the air, and the sunlight provided it with the energy to do what? to run a chemical factory making a whole host of marvelous molecules-- the chlorophyll in the leaves, the pigments in the skin of the apple, the sugar

i know that i walked up to the exxon people when they were first there right outside my browser and i started a. terrible knowledge should this. three month old grandson in my house you know should we be waiting and i was told by the lady who mixed oh no it's nothing to worry so big all in two or three days and you know you may have. you may have a little knowledge of but it will be gone in just in this thought that i heard and you know when i hear things like this and also know statistics that there's at least one hundred significant oil spills across this country every year there's absolutely no excuse from this company compensation needs to be made to the to the victims thank you so much for sharing your story will keep on the pressure really push airtime mandrel. thank you. you know in the wake of every disaster there's a barrage of charity groups asking you to donate well do you ever wonder how much of that money actually makes it into the hands of those who need it look no doubt there's a lot of corruption out there but if there's one person we can trust to give our money to it'

and exxon mobil. according to its own web site now co has some pretty influential fans so from here to here this is the scope the distance about five hundred miles. west detroit problems central nervous system problems the headaches and dizziness and nausea and the skin problems the intense rashes there are hundreds of thousands of people who are dosed with high amounts of toxic material the or risk of having severe health effects often we're told don't worry honey we'll take care of you and it won't hurt we'll we didn't find out that a very good product what we thought was a good product turns out to have vial consequences i don't want dispersants to be the agent. of this. funding exit. to my father for these birds are common ground. to. the hospital to. the two houses. the beaches had known as a species. that always had some corruption. this has anyone been thinking because of this incident mood solution the feed just big enough. to get. successful i think is a clumsy people but you do get a little

and exxon mobil. according to its own website now co has some pretty influential fans so from here to here this is the scope the distance about five hundred miles. west detroit problems central nervous system problems the headaches and dizziness. and the skin problems the intense rashes there are hundreds of thousands of people who are dosed with high amounts of toxic material the more risk of having severe health effects often we're told don't worry honey we'll take care of you and it won't hurt we'll wait and find out that a very good product what we thought was a good product turns out to have vial consequences i don't want dispersants to be the agent. this will still. be calling for an exit because chemical dispersant is the best option to come in at night on the bottom of these cards are coming from. dr. phil so you're saying that b.p. had known as a species. always had some corruption. but thought it was this as anyone can be even fired because of this incident moves loose from the feed just big

and exxon mobil. according to its own web site now co has some pretty influential fans so from here to here this is the scope the distance about five hundred miles. west detroit problems central nervous system problems the headache the dizziness. and the skin problems the intense rashes there are hundreds of thousands of people who are dosed with high amounts of toxic material the more risk of having severe health affair it's often we're told don't worry honey we'll take care of you and it won't hurt we'll we didn't find out that a very good product what we thought was a good product turns out to have vial consequences i don't want dispersants to be the agent. this will still. be called a big pool of exit the chemical dispersant is the best to come into my father for these bridges roads are coming from. a good deal and. done for good service because your houses you're saying here today that b.p. had known as a species there was none of them so much was supposed to. always corruption never thought of t

and i think the issue comes for exxon and for shell. the rest of the industry is trying to move towards more capital discipline, lowering spending levels and returning more cash to shareholders. shell and exxon in particular look to be going the opposite direction, actually spending more money, and exxon is reduced its return to cash to shareholders, but it's repurchasing 5 billion of its own shares in the first quarter, down to 3 billion in the third rt kwaer. >> and it's an interesting contrast with bp, which stocks rose this week because they said we're going to return much more cash back to shareholders. is that what shareholders want at the moment? if they can't see, do they not want the big investment in the future? if they make a big investment through production, one would think that would pay off. but they want the cash now. >> ross, i think what the issue really is is that these companies have been investing at a very high level for five years now and they haven't returned the production and earnings that should have been comm

que tu was love for exxon. what we are seeing particularly in exxon is a nice catch up trade. this is a stock that was really out of favor for all of 2013. the earnings last quarter, particularly ugly and expectations got so low that even though the results were certainly not an overwhelming it was more than enough to get the market excited again which is why we are seeing a nice uptick in shares today. >> you call a contrarian stock. why is that? >> for the first time in three years going back to their acquisition of 2010 is an intensely disliked stock in the energy complex. typically exxon is the ultimate energy blue chip, a consensus by and for twenty-third team has been a consensus to underperform just about everything else in the energy sector and we think it is going to be an excellent catch up trade and we are seeing that today. >> it is down 2.5% year-to-date, up 2.6% but you have a strong call on this. >> we upgraded the few weeks ago precisely on this premise that admittedly if oil prices continue to be has strong as they have been, defensive names like exxon might n

and exxon mobil. according to its own web site now co has some pretty influential fans so from here to here this is the scope the distance about five hundred miles. respiratory problems central nervous system problems the headaches and dizziness. and the skin problems the intense rashes there are hundreds of thousands of people who are dosed with high amounts of toxic material the more risk of having severe health affair it's often we're told don't worry honey we'll take care of you and it won't hurt we'll we didn't find out that a very good product what we thought was a good product turns out to have vial consequences i don't want dispersants to be the agent. this will still. be calling for an exit because chemical dispersant is the best to come in at night on the bottom of these bridges roads are coming from. four. hundred million. dollars for this service if your house is your same day the bts had known registered. this has anyone been thinking because of this incident. on. fox he announced. he did

and exxon mobil. according to its own web site now co has some pretty influential fans so from here to here this is the scope the distance about five hundred miles. west detroit problems central nervous system problems the headaches and dizziness and nausea and the skin problems that intense rashes there are hundreds of thousands of people who are dosed with high amounts of toxic material the more risk of having severe health affair it's often we're told don't worry honey we'll take care of you and it won't hurt we'll we didn't find out that a very good product we thought was a good product turns out to have vial consequences i don't want dispersants to be the agent. this will still. be calling for exit because chemical dispersant is the best option to come in to my father for these bridges roads are coming from. and i know you're going. to dump her good serves if your house is so you're saying in a day the b.p. had known as a species there is none of them somewhere to suppose you always had some corr

and exxon mobil. according to its own web site now co has some pretty influential fans so from here to here this is the scope the distance about five hundred miles. respiratory problems central nervous system problems the headaches and dizziness and nausea and the skin problems the intense rashes there are hundreds of thousands of people who are dosed with high amounts of toxic material the or risk of having severe health effects often we're told don't worry honey we'll take care of you and it won't hurt we'll we didn't find out that a very good product what we thought was a good product turns out to have vial consequences i don't want dispersants to be the agent. this will still. be calling for exit because chemical dispersant is the best option to come in to my father for these bridges roads are coming from. a. good deal of. the sun. he says. he's had no suspicion. of corruption. just as anyone can be because of this incident. the feed just big enough. to get. on. the t.v. and people think he did. i

say exxon on still the superior over chevron. >> yeah. i think a lot of choef ron's outperformance has really been oil-linked. if you look at earnings per barrel, that's more a function of the commodity exposure relative to exxon. they lost a lot with the xto acquisition in 2010. ultimately i think that shift will be mixing as they shifted toward liquid plays. most new production coming on line, africa, indonesia, it will be oil-based. we think oil prices will flatten out from here. the advantage chevron has this is unlikely to be sustained. the level of spending, chevron is spending the same amount exxon on despite being two-thirds of its size. we think it will roll off, but certainly in the near term that will take a hit. chevron's earnings as well as returns on capital will take a hit as that spending remains high. >> thank you for making your individual cases on xom. back out to brian in williston, north dakota, bakken. >> their xto deal, $44 billion, that's a good example. we're here now to wrap things up. we have the mayor, ward koe

the people at exxon did not. they realize that trying to control the price of oil makes [inaudible] look easy. host: a comment on twitter. guest: i will say no. it's one big world market out there. the u.s. import dependence has dropped or medically. i saw a story that looked at oil imports. i think it was "usa today." the number that matters are your net imports. the u.s. is becoming a significant exporter of products. we have the most modern refining system in the world. the u.s. gulf, the rotterdam, antwerp and area, and the singapore area. the u.s. system is second to none. refiners have increasingly taken in more oil, turned into higher value products, and sent it out. that's a good thing. it is a profit-making, job creating aspect. looking at the import numbers, how much crude are we importing that is incorrect. you have to look at net imports, 6.5 million barrels a day. at the time of the embargo, they were at 6.5 million barrels a day. we could not survive without them. the world market is completely inte

exxon mobile every year dozen energy a look. and we use it internally for our own planning and investment strategy. we also publishes a the we can have a discussion about it and share our views of the energy future. we have done this for a number of years. graphics for not forget them. >> this is an illegal power point. >> it is not even the one that i was promised. >> i was going to put that up. less talk about the world from an and energy. >> 2040, will it look like? how difficult? how different will the energy picture? >> three of the seven different tone -- 7 billion people we share the world with. almost all those are the developing economies. there are concentrated in a number of regions.

i own exxon mobile. huge on managements that perform well over a long period of time and exxon mobile's management has done extremely well and i expect them to continue to do so. i would own exxon rather than chevron. >> very quick on the two stocks we quicked off the broadcast with, caterpillar and boeing. >> don't any either of them but if i had to own one or the other, i would own boeing rather than cater pillar. >> mike, you're becoming a verb yourself. >> thank you. >> chairman of holland and company. nobody does it faster better than mike. >>> carl icahn is back on twitter focussing his attention on apple stock its ceo and massive stockpile of cash. today the man that made nearly $1 billion in profits from selling half of the netflix holdings set out a cryptic tweet saying quote, just sent a letter to tim cook, pull letter will be disclosed on my website the shareholder square table, which will be launched tomorrow. well, reports say that icon's letter details approximately $2 billion investment in

and exxon mobil. according to its own web site now co has some pretty influential fans so from here to here this is the scope the distance about five hundred miles. west detroit problems central nervous system problems the headaches and dizziness and nausea and the skin problems the intense rashes there are hundreds of thousands of people who are dosed with high amounts of toxic material the more risk of having severe health effects often we're told don't worry honey we'll take care of you and it won't hurt we only dan find out that a very good product what we thought was a good product turns out to have vial consequences i don't want dispersants to be the agent. of this bill. b.p. responding with a clear exit because chemical dispersant is the best option to come in at night. with these bridges roads and common ground. to damage. done to. the two houses you're saying today that b.p. has had no reza speaking. of them similar to this phone call we've had some corruption but i mean i thought it was that

and exxon mobil. according to its own web site now co has some pretty influential fans so from here to here this is the scope the distance about five hundred miles. west for. boy problems central nervous system problems the headaches and dizziness. and the skin problems the intense rashes there are hundreds of thousands of people who are dosed with high amounts of toxic material. or risk of having severe health effects often we're told don't worry honey we'll take care of you and it won't hurt we'll we didn't find out that a very good product we thought was a good product turns out to have vial consequences i don't want dispersants to be the agent. of this bill still. calling for exit because chemical dispersant is the best to come into my father for these drugs are common ground. to cover. the costs for the curves for each of your houses so you're saying here today the beach he's had known as a species there is none of them similar to this moment it always had some corruption but i mean i never thoug

we hear from exxon thursday. and exxon reminds me of big phrma. exxon and merck. focus on the production, growth and replacement news. i don't see much on the front. we're i having to get better. we also get earnings from first solar. hey, look at that. old and new. if it out of solar city and dupont mean anything at all, both are seeing rapid growth in solar right now. if i'm right, first solar could put on 10 points. if it misses, the bears will be all over it. odds favorite. finally on friday, chevron. which is the best run of the major oil companies and the one i believe is itching to bring out value. it is a buy every time it gets hit. if oil goes down early in the week taking chevron with it, i would pick up chevron going into the quarter for a trade. bottom line. remember, these companies want to dominate the earth. it's like amazon. these are just like amazon. i do expect more amazons and more disappointment, more microsofts. the buy for this week, up side. paul in california. >> caller: hi, paul. thanks for taking my call. >> my pleasure. what's on your m

and exxon mobil. according to its own web site now co has some pretty influential fans so from here to here this is the scope of the distance about five hundred miles. west detroit problems central nervous system problems the headaches and dizziness and nausea and the skin problems the intense rashes there are hundreds of thousands of people who are dosed with high amounts of toxic material. or risk of having severe health effects often we're told don't worry honey we'll take care of you and it won't hurt we'll we didn't find out that a very good product we thought was a good product turns out to have vial consequences i don't want dispersants to be the agent. this will still. be called a pool of exit because chemical dispersant is the best option to come in to my father for these bridges roads are coming from. and i know you're going. to dump for the clubs because your houses you're saying in the day that b.p. had known reza speaking things move them somewhere to suppose you always had some corruptio

exxon developed its own proprietary chemical compound to disperse the oil. they called it corrects it corrects it contain another chemical capable of breaking apart the oil into small droplets that would sink below the sand and water that chemical was to you talk c f n on the known side effect to become a coal was damaged to red blood cells when that some left local residents were left with all beaches valid fisheries and long term health problems. for the next twenty years dr riki ott track that help of local residents and tested the alaskan water and soil during the last time the least worst is used the dispersants were surprisingly. which leak no plastic reindeer to solve the plastic raise your right hand eagles good bird rashes bloody your nerves till your was sickly the worst to this day and the sickest ones are the ones who used to disperse and. dialogue. dramas that can't be ignored. story. others refuse to notice. the faces changing the world. so picture of today's new. launches from around the globe. look to. the. rights. of the. lives. of the young

exxon developed its own proprietary chemical compound to disperse the oil. they called it correct and correct contain another chemical capable of breaking apart the oil into small droplets that would sink below the sand and water that chemical was to talk c f and a known side effect to become a coal was damage to red blood cells that some left local residents were left with albie choose valid fisheries and long term health problems. for the next twenty years dr riki ott trackback helped of local residents and tested the alaskan water and soil during the time the least worst was used the dispersants were surprisingly . which leak no plastic reindeer dissolved the plastic reindeer with my don't feel so good bird rashes bloody good still here was sickly no words to this day the sickest ones are the ones who used to disperse the. guy i own. one hundred for sure all moment i was ready bank immunology face i think i could really go. a pleasure to have you with us here on t.v. today i roll research a. little . technology innovation all the latest developments from

exxon developed its own proprietary chemical compound to disperse the oil. they called it corrects it corrects it contain another chemical capable of breaking apart the oil into small droplets that would sink below the sand and water that chemical was to you doxie ethanol a known side effect to become a coal was damaged red blood cells. left local residents were left with oil beaches fouled fisheries and long term health problems. for the next twenty years dr riki ott track that helped of local residents and tested the alaskan water and soil during the time the least worst use the dispersants worst crime. which leaves no plastic reindeer to solve the plastic raise your right hand eagles good bird rashes bloody nerves the urine was sickly the worst to this day the sickest ones are the ones who used to disperse. remains to be told by which. all these programs are documentaries in arabic it's all here on. reporting from the world. talks about six of the yard p. interviews intriguing stories for you. in trying. to find out more visit our big. dog called. in a re

exxon developed its own proprietary chemical compound to disperse the oil. they called it corrects it correct contain another chemical capable of breaking apart the oil into small droplets that would sink below the sand and water that chemical was to talk c f and all the known side effect to become a coal was damaged red blood cells. left local residents were left with oil be jews fouled fisheries and long term health problems. for the next twenty years dr riki on track that helped of local residents and tested the alaskan water and soil during the time the least worst was used the dispersants which friday. which leads . us to a great year to solve the plastic raise your right and people's good burger rashes bloodier to nourish the urine was sickly the worst to this day the sickest ones are the ones who used to disperse and. in a recently published united nations report it is found that about forty percent of the world's population soon will be connected to the internet at the same time their survey won't stay frozen power when we log on to the internet. off

exxon developed its own proprietary chemical compound to disperse the oil. they called it corrects it corrects it contain another chemical capable of breaking apart the oil into small droplets that would sink below the sand and water that chemical was to talk c f and a known side effect to become a coal was damaged red blood cells. left local residents were left with oil beaches fisheries and long term health problems. for the next twenty years dr riki on track that helped of local residents and tested the alaskan water and soil during the last time the least worst use it is vs worst crime. which leaves no plastic reindeer to solve the plastic raise your right and people's good bird rashes bloody your nerves to hear it was sickly the worst to this day and the service was in other words and who used the dispersed. three buells you don't know if you don't per chorused response to rule. out almost everyone in my life that i cared about their goal much and then acted like a miskin well. i was national champion in track and field and also was able to go and quali

exxon developed its own proprietary chemical compound to disperse the oil. they called it corrects it correct contain another chemical capable of breaking apart the oil into small droplets that would sink below the sand and water that chemical was too often on a known side effect to become a coal was damaged red blood cells that some left local residents were left with will be choose fisheries and long term health problems. for the next twenty years dr riki on track that helped of local residents and tested the alaskan water and soil during the time the least worst is used the dispersants worst crime. which leaves no plastic reindeer to solve the plastic raise your right on to people's good burger rashes bloody your nerves the urine was sickly the worst to this day the sickest ones are the ones and who used to disperse and. own. in a recently published united nations report it is found that about forty percent of the world's population soon will be connected to the internet at the same time the survey won't stay frozen power when we watch. onto the internet

exxon developed its own proprietary chemical compound to disperse the oil. they called it corrects it correct contain another chemical capable of breaking apart the oil in the small droplets that would sink below the sand and water that chemical was to be you talk c f and all the known side effect to become a coal was damaged to red blood cells when that some left local residents were left with oil be choose fisheries and long term health problems. for the next twenty years dr riki ott trackback help of local residents and tested the alaskan water and soil during the time the least worst is used the dispersants were surprisingly . which leak no cost a great year to solve the plastic raise your right hand equals good bird rashes bloody years i'm still here and was sickly no worse to this day the sickest ones are the ones who used to disperse and. guy i own. some may disagree. but i believe america is exceptional. we can't. let. let's. look. delivered to our church is on its epic journey to such. a one hundred twenty three days. through two thousand nine hundr

exxon developed its own proprietary chemical compound to disperse the oil. they called it correct and correct contain another chemical capable of breaking apart the oil into small droplets that would sink below the sand and water that chemical was to talk c f and a known side effect to become a coal was damaged to red blood cells when that some left local residents were left with oil beaches fisheries and long term health problems. for the next twenty years dr riki ott track that helped of local residents and tested the alaskan water and soil during the last time the least worst is used the dispersants worst friday. which leaked out caustic regular dissolved the plastic raise your right and eagles good bird rashes blood to your nerves the urine was sickly the worst to this day and the sickest ones are the ones who used to disperse. to music city good leverage sure to mccurry was able to build three hundred most sophisticated robots which on fortunately doesn't do do would. learn about anything mission to teach music creation and why you should care about hum

used is used by shell and exxon and chevron and it talks about water. this is in the gulf of mexico now we don't have walrus is in the gulf of mexico the scenarios that they were planning for were not even close to what happened in real time at the deepwater horizon we went down to the water to see what we could find. just in the sand was thick black oil that had been covered up. it stretched from miles in each direction this is like a tar like as faults like a liquid as faults. in nearby orange beach and dolphin island alabama machines plowed the oil into the sand while people swam in the water. we were approached by a representative from b.p. has he been any on telling me explaining. no no nothing more i agree say or let's talk about tar balls because it's largely been tar balls we have boom deployed throughout the hurriya but we're pulling out a lot of that boom off because there simply is no surface oil. we have had as many as nine hundred people going to be to pick up the beach every day and sometimes at night. b.p. and its contractors were hard at

. >> chevron has a lot of oil relative to exxon. we think the company has a better asset base on a smaller production base. we see that growing in line with the management's guidance, 25% volume growth between now and 2017, which is good for a company of this size. the key point is chevron has more brent oil leverage price compared to exxon. we're not big fans of big oil. we're underweight refining. we like restructuring plays. the biggest play on restructuring that i cover is hess. >> a very year to date performance, up 20%. you mentioned exxonmobil. it's not far from 52-week lows and vastly underperformed the market. what's made it lag so much? >> well, a number of things. a multiyear underperformance, actually. really related to poor earnings, quite frankly, with regard to expectations. we've seen the company miss several quarters. the story behind that has been weak volumes, so the company has essentially been declining. and alongside weak volumes, rising cap ex. when we have from exxon is growing and falling returns. it's been

the people at exxon did not. they realize that trying to control the price of oil makes [inaudible] look easy. twitter.omment on say no. will it's one big world market out there. the u.s. import dependence has dropped or medically. i saw a story that looked at oil imports. i think it was "usa today." the number that matters are your net imports. the u.s. is becoming a ofnificant exporter products. we have the most modern refining system in the world. the rotterdam, antwerp and area, and the singapore area. the u.s. system is second to none. refiners have increasingly taken in more oil, turned into higher value products, and sent it out. that's a good thing. it is a profit-making, job creating aspect. looking at the import numbers, how much crude are we importing that is incorrect. you have to look at net imports, 6.5 million barrels a day. at the time of the embargo, they were at 6.5 million barrels a day. we could not survive without them. the world market is completely interrelated, but we are in a much better

two of the biggest holdings are microsoft and exxon the two sue was talking about. values are cheap companies, cheaper things like low price to book value, low price to sales. in this environment, sue, where growth is hard to examine by, the reason you get outperformance, is investors will pay top dollar for that growth when it's hard to come by. the problem with growth historically is they start overpaying. and the stocks get overbought. and they have to come down again. that's why historically, value over long periods of time outperform growth stocks. it doesn't look that way now. got to look at it a longer period. >> thanks, bob. ty, up to you. >> thank you. 75% tax on athletes. we will tell you about where it is and what they're doing about it. check out this new viral campaign to promote the horror movie "carrie." probably seen it. big hit on the viral area. look at that poor man. the movie was a flop. is social media just a crap shoot when it comes to advertising. ing... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right

too many sick people here and you spiller are now labile for doing long term medical surveillance how exxon avoided it was by misrepresenting the information as. simply . facts on managed to successfully hide these documents from the media from the people from the sick workers from the court from the federal health care officials and b.p. is following pretty closely everything that axon did. we were actually flying over the disaster site on sunday april twenty fifth and what we saw when you're out there were two airplanes were flying over and already carpet bombing this bill with this person and we started to notice that the planes and helicopters were flying over they were dropping this stuff the spray they were really secretive about where those planes were coming from and when they were going out they didn't really want shoes taken of these planes coming down.

about to repeat the same strategy that exxon used with the oil spill this pack of confidential documents were uncovered as part of the toxic tort lawsuits that followed with some of the workers who realized that their sicknesses lingered lingered lingered these documents are very incriminating and they show that thousands of workers actually did in fact get sick from exposure to a number of chemicals including to be toxic. axons chief medical advisor dr kind of cool it's a memo to x. on and at the very end here you see the intent we do not need a health hazard evaluation and should try and avoid it if possible. the health hazard evaluation is osha and nyasha come. being in and saying sorry there's too many sick people here and you spiller are now law able for doing long term medical surveillance how exxon avoided it was by misrepresenting the information as colds and flu. acts on managed to successfully hide these documents from the media from the people from the sick workers from the court from the federal health care officials b.p. is following pretty closely everything that.

exxon is having a good day. oil equipment companies are not. cameron had poor guidance. diamond offshore had revenues a little lower than expected here. these equipment companies are having a tough time so far this year. same with some of the refiners if you look. price of gasoline is dropping faster than the price of oil. this is a big problem. because it means the refiners, their margins get hurt. look at some of these refiners today. exxon is going to be reporting next week. they're going to have problems, of course, growing. that'll be october 31st. next hour, we're halfway through earnings season. i'll have a scorecard about who's winning and losing. that's in the next hour. back to you. >>> joining us now on our closing bell exchange rick reider from blackrock. greg sarian. peter anderson. jim lowell. let me start with carl icahn who wrote the letter to tim cook today about what he wants to see from the company. the stock jumped about 1% on the letter. what do you think? does he have this much influence on apple to ask for such a big buyback? how do you think cook

i'd been saying that exxon -- that exxon and chevron were like pfizer and it's nice to see a big dog get a little run here. >> you know how hard it is to keep up with you in the control room? >> i got to get to the control room while i'm doing this. >> i'm not sure but we'll figure it out with up. >> well, you take first class. >> let's get to bob pisani. happy halloween. >> happy halloween to you. >> we do have a chinese ipo. it's been a while since we've seen one, an online retailer. price talk was roughly 13 to 15. they priced it at 17. then it went to 15 and 16. the bottom line is right now it's looking at 20 to 22. so from roughly 15 to 16 to 20, 22, looks like it's going to open on a nice pop here. elsewhere i want to pick up the discussion on big oil you were talking about. refining margins are tough but lower oil production is still the biggest problem big oil has gotten, not the fraging companies. mobil is reporting problems. so put up the screen here. for production in 2010, they did 883,000 barrels, this is oil production. 737 in 2011 and 702 in 2012 and they're going to b

that, again, was an exxon pipeline. and, again, the environmental impact was just disgusting and disastrous. toxic crude oil pouring into the previously pristine yellowstone river. that yellowstone river oil spill was a spill of nearly 2,000 barrels of crude oil. so 5,000 barrels in arkansas, 2,000 barrels in montana. a year before montana, there was another big oil spill along the trans-alaska oil pipeline system, just outside of fairbanks. that was the third largest spill ever along that pipeline. the spill in alaska was about the size of the big arkansas spill, about 5,000 barrels. these are all considered to be big, big spills. these were serious accidents. today we learned about a brand-new u.s. oil spill that was not 2,000 barrels like yellowstone or even 5,000 barrels like alaska or arkansas, no, the new one we've got now is 20,000 barrels. four times larger than the spill that crippled the city of mayflower, arkansas, earlier this year and that largest spill in alaska. this latest spill happened in north dakota,

today focused on exxon mobil. third quarter profit falling on weakness. the refining business. but the stock still higher today by about 5% over the last month, in fact. how come? on the technicals, richard ross, on the fundamentals, john stevenson, on the drums, keith moon. john stevenson, first you and the fundamentals. why is it going up as oil prices are going down? >> brian, i think it's really a story about global growth resuming. i think that's the only reason because the fundamentals are horrific on this stock. this is increasingly becoming a natural gas play. 55% of the reserves are booked to natural gas which doesn't seem to bad when it's on a 6-1 ratio. but we all know that oil trades at roughly $100 a barrel which is a 25-1 ratio which means that we're really overstating the economic value of the reserves by a factor of roughly 6 times. so it's enormous overstatement which is all, of course, legal under the s.e.c. guidelines. but i think what it really shows is this is a company that's increasingly going to struggle for growth. in fact, there's going to be no produc