ahead, exxon and chevron earnings. david: valeant has been you state investigation probe as they filed their 10-k form. welcome to the second hour of "bloomberg ." i am david westin with jonathan ferro and carol. carol: matt miller, break it down. matt: exxon crushing it. we were looking for 29 cents but cents. down 33% in the first quarter and it may have something to do with exxon in the first quarter with $5.13 billion. i will continue to go through the numbers, but that is a real deep, 43 cents over 29 cents. down from the last quarter, so in the fourth quarter, we had 78 cents, buty, 63 better than the street estimate. exxon mobil in the premarket up cutting,cents, so boosting profit in the price of oil up 25% year to date. exxon stock up 13% year to date, so not a bad year even though we have seen volatility in oil over the past 12 months. jonathan: thank you. let's breakdown earnings with more on exxon. take of america and merrill lynch francisco here with us. also, a senior analyst with the recommendation o

the deal was contingent upon exxon mobile proving the plant is in good working condition. maureen mach, city of torrance commissioner. the district board orders states that exxon mobile cannot start the plant during school or business hours and must give the it begins operations. los angeles. traffic on a big bridge. >>> big thrill turned into a scare for hockey fans in philadelphia last night. an escalator suddenly sped up at the wells fargo center, home of the fliers. after they won. fans were sent tumbles. nobody was seriously hurt. the team has not said what caused the malfunction. >> despite the bitter weather in parts of the east. a soon of spring today. baseball is back. pirates/cardinals in pittsburgh. first game of the regular season. game time temperature, 35 pirates won 4-1. >>> there was a small disruption on the san francisco bay bridge today. very small. that is a chihuahua being pursued by a motorcycle officer. they eventually picked the dog up. he is now in the care of an animal shelter. traffic was shut down there just a little bit. police say if there is

exxon mobil, by the way, has yet to report its earnings. we have a lot of energy stocks yet to come out with their numbers, as well. if you look at the overall markets, we have seen stocks take a leg downward. they have been trading higher across the board. exxon now with his earnings on april 29. the s&p, very little change. all of them now in the red. earnings are very much in focus. i wanted to take a look at the imap to figure out what is going on. what is dragging on the major averages. right now, and looks ehealth care. a number of various health care companies reporting today. some are trading downward. information technology, as well. apple's lower ahead of its report after the close. on the plus side, materials and energy stocks leading the gains. dupont is higher after the company reported numbers that beat estimates. raised natural resources its forecast for outlook and both of those stocks are trading higher. dow is rising along with two point -- dupont. dupont is said to buy down by the end of the year. pioneer natural in parti

the deal was con tin gent upon exxon mobile proving the plant is in good working condition. maureen mock is a city of torrance commissioner. >>-- to get it resold and walk away to a safer place. >> the district board orders states that exxon mobile cannot restart the plant during school or business hours and must give the community 48 hours notice before it begins operations. daniele nottingham, cbs news, los angeles. >> glor: up next here a little bridge don't let dust and allergies get between you and life's beautiful moments. with flonase allergy relief, they wont. when we breathe in allergens, our bodies react by over producing six key inflammatory substances that cause our symptoms. most allergy pills only control one substance. flonase controls six. and six is greater than one. flonase outperforms the #1 non-drowsy allergy pill. so you can seize those moments, wherever you find them. flonase. six is greater than one changes everything. you totaled your brand new car. nobody's hurt, but there will still be pain. it comes when your insurance company says they'll only pay

exxon mobil or apple? >> exxon mobil. i think apple is a very specific story. exxon mobil is also a proxy for energy, which is also a proxy for global growth. i think exxon mobil appears expansive now. when oil price rises, the costs don't rise remotely close to how much oil rises. which goes both way. if you can wait out the storm. >> can you make exxon mobil a true proxy to the market when it's basically trading like a utility? >> closer than average. >> if you look at apple versus crude, i know we're mixing them there. it's not really as apples oranges. >> apples, oranges, ha ha. >> whatever. oh, i didn't even get it. i would rather look -- that's why, see? i would rather look at the overall market in terms of crude. >> okay. >> that's my direction. >> exxon is going to be a lot closer than apple. they have a new phone coming -- >> i don't think so. i think people who want to buy energy -- i think people go where there's a safety bet. i think apple is the overaveraging event. >> i need an answer to this question. are you buying anything at these earnings? >>

exxon beats, chevron disappoints. our guest joins us to break down the government's role in the future of a ton mr. diving. utonomous driving. david: julie hyman is ticking on company moving. julie: selling 52 million tores at 446 to raise money pay down debt and those shares are down 72%. they were down more steeply overnight after announcing the share sale but once the pricing great care to losses to some extent. we're seeing an advance in some of the miners today. gold and copper are both tired today. gold as we are seeing a little bit of a risk of scenario and the lower dollar, copper getting a lift from the lower dollars. and some assurance on the chinese friend. agreement.g after an just seems to beginning on that as well. generally we're seeing the materials talks down. a duo of stocks that are falling session,econd straight field air declining after porting earnings and sales that came in below estimates. falling for second day after being downgraded at nomura. all these -- let's take a look at how the stocks

[laughter] >> it is exxon. say for this story it was so easy tuesday stay motivated because the documents were so exciting. we knew that we were the first people outside of exxon to ever see them, so it was great. our editor had been reporting on climate forever, and if he was completely shocked by these documents, then the rest of his -- rest of us knew we had something good. it was really easy to stay motivated and we haven't stopped and we have some follow-up stories planned as well. >> i think it was seeing the reaction from readers. at the end of the day, we do this for people who read the work, and we had such an overwhelming response -- i should have mentioned actually earlier, we have thousands of people sending in tips and information about people who had died -- just to have people saying, we are reading what you do, we think it is important, please continue. there is nothing more really. >> this one was kind of easy. [laughter] >> i think covering a lot of tragedies and interviewing people who have b

this is the first time since 1949 that exxon ever received a rating lower than aaa. but that leaves only two american companies with aaa rating, johnson & johnson and microsoft. shares of exxon were, none the will up a tick to 8763. >>> ibp raised its quarterly dividend to $1.40 per share up from $1.30 t. yield on thing to is now 3.67%. shares of ibm were up a

that's different than saying you get it from exxon mobile. but to deny she received substantial. >> from individuals what you are saying? >> lobbyists of the industry. if people receive money from lobbyists of the industry i think you are receiving money from the industry. these are not just a little worker there. these are lobbyist whose represent the oil and gas industry. >> when you look at this -- do you feel that -- that she is now -- beginning to feel the pressure of your campaign? >> well, charlie we have won six of the seven caucuses in every instance. we have won by landslide victories. we are fighting hard in wisconsin. i think we have got a shot to win here in new york state. when virtually every poll shows the us we are beating trump i think, last cnn poll had us up 20 points ahead of trump. far more than she was leading trump. i think more and more democrats are looking at bernie sanders. as the the -- the candidate who can best defeat trump or some other republican candidates. >> you have to get past hillary clinton. when you lo

as part of the agreement, exxon mobile will have to pay a $5 million fine for those increased emissions and the explosion. in an e-mailed statement exxon mobile tells cbs news it agrees with the decision and is working to safely restart the torrance refinery. exxon mobile sold the refinery last year to a new jersey-based energy company for a half billion dollars. the deal was con tin gent upon exxonob is in good working condition. maureen mock is a city of torrance commissioner. >>-- to get it resold and walk away to a safer place. >> the district board orders states that exxon mobile cannot restart the plant during school or business hours and must give the community 48 hours notice before it begins operations. daniele nottingham, cbs news, los angeles. >> glor: up next here a little dog stops traffic on a big bridge with flonase allergy relief, they wont. when we breathe in allergens, our bodies react by over producing six key inflammatory substances that cause our symptoms. most allergy pills only control one substance. flonase controls six. and six is greater than one. flonase outpe

you remember exxon was like number three on gas production? but they're now number one. how did they do it? bought xto, bought a big independent, and exxon is number one. >> i remember the last time, well, i wasn't at the market this time, but i read about it, and remember when exxon got together with mobil, that was a period when oil prices were so low. when we see prices go down, you see deal-making, consolidation, that's what you're looking for now? >> you're going to have deals, no question, but we'll see. pioneer has so much oil, it's incredible. but so does enron, anadarko, all of them well-financed and everything. anthony: you are bullish on those stocks? >> i am. i am bullish on them. >> we want to hear more what boone is bullish on. stick around. we'll have more after this short break. >> boone pickens says there is more opportunity in energy. what's the best way to invest in legendary trader mark fisher has that next? what will the outcome of the election mean for oil and our [vet] two yearly physicals down. martha and mildred are good to go. here's your invoic

at the site. >> okay i'm trying to understand what is going on so exxon mobil clukt a major clean up but now a reimbursement in place in this a users has a need for remediation they can seek those funds to cover the cost and that's almost right except for the remediation the port and exxon mobil and the regional quality control board says the remediation has gone as far as it can go to get the last little drop would pose a sixth reflex from that activity from a dmifshd return so the idea is to leave that last drop in place and to create mechanisms that insures it if pose problems to the public or anyone else in construction. >> exactly, exactly so the cost reimbursement to address those things and at the same time their liability is not reduced at all as a result of that in place. >> no. >> and it ended up finding something else a dollar is an opportunity for exxon mobil to provide whatever is necessary and exactly. >> so if something new was discovered the water board will reopen that case if something that is awe nutritional to exxon mobil they'll be liable for it. >> commissioner

to us exxon looks very expensive. in absolute terms it looks expensive relative to peers. >> there are some key developments in -- i mean, the company needs to continue to do what it does, and in terms of upstream operations. and it still needs to replace reserves and all of those things. how does that business look? are they doing the right things for their future? >> i think not. i think exxon has the premium multiple. it's always traded on a big premium for a number of reasons. i think some of those are now starting to disappear. reserve replacement for exxon, first time it didn't replace reserves since 1993. the very strong balance sheet. it's now lost its aaa rating. it's spending versus peers, if you look relative to production, it's basically spending through the cycle. then the cash returns to shareholders, which also used to stand out, now no longer stand out given it's taken away the buy back. we don't see the reason for it continuing to trade on that premium versus peers. >> that doesn't sound positive. we

this is what the exxon research team was like back then. they were doing quite good research, and then by the mid 1980s that program -- again, they cut funding. a lot of the people left. by 1989, the company had turned around and was funding efforts to undermine the certainty of the science. they started out one way and then turned around and did something totally different. >> lisa, thank you. another finalist was "beware the fine print" a "new york times" series that looks at the fine print in consumer and employee contracts that seriously disadvantage those who sign those contracts, that forces them into arbitration, often loaded arbitration, and also prevents class-action suits. that particular series has led to legislation being introduced that will stop some of these practices. representing "the new york times" team is jessica silver-greenburg, who covers banking and consumer finance. she was a pulitzer price finalist for a series on debt collectors and a finalist in 2014 for a series on how the nation's largest banks prey on older am

exxon is so good. i feel bad that i've been so critical of them because this is -- they show what they're really like. they're like warren buffett when the tide goes out they have a sw swimsuit on. other guys like, man, that's awful. >> nobody wants to see that. >> no. there's no shrinkage to the quarter though. >> let me quickly mention deal we covered closely yesterday, that is unsolicited bid to acquire medivation. they were swla slow yesterday to even really communicate with the market and try to get the upper hand, but this morning they reject as we might have expected they would the board unanimously determining that the unsolicited proposal is in their words substantially undervaluing medivation. they didn't use the words grossly inadequate. perhaps on the sanofi side they'll take some comfort in that. we'll see where this goes. they say medivation has value as one of the few companies with key therapies for prostate cancer and key for label expansion for that same prostate cancer drug, jim. thi

exxon managed to beat expectations with 43 cents earnings per share. but that profit was achieved by slashing costs to offset plunging crude price in the first quarter. the company's capital expenditures dropped by 33% year over year, showing drastic measures were necessary to survive a quarter where oil fell to almost $26 a barrel. >> very hard to see this thing outperforming. on its valuation it's already pricing in oil at about $75 a barrel. plenty of oil stocks are pricing in the 60s, a lot lower than what exxon's pricing in. >> if you look at the details, exxonmobil pulled out a profit because of their refining and other types of downstream profits that offset -- still losses in upstream. so when you look at everything, these lower prices are providing excellent margins for refineries and for the chemical units. >> chevron missed expectations reporting a net loss of 39 cents a share, compared to a net profit of $1.37 in the same quarter last year. the ceo said controlling spending and getting key projects under construction would boost revenue. wi

i think you had your chance to buy exxon. we knew they wouldn't cut their dividend. but if you buy it here, you're trading backwards. >> i ultimately think that the integrated oil sector, especially at $50, by the way, we're almost near the level -- >> yeah. >> not there yet. but ultimately i think these are names that are going to continue to trade well in this environment. because the dollar will stay lower. >> still ahead on the program, a tough market, our traders are forming opinions on if they could see more pain. you're watching "fast money" on cnbc. in the meantime, here's what else is coming up on fast. >> apple shares are in hell. and a top technician said they are just pennies away from doing something extraordinary. he'll explain. plus -- >> this llama has your back. >> not today it didn't. it could be signaling a much bigger warning for the u.s. economy. we'll explain why, when "fast money" returns. eek we might try to listen more. and throw things less? or maybe not at all. i've apologized several times. so. who wants to share first? what about you? ok.

and exxon also has a large chemical business. commentary on this is significant because the division is not reliant on the price of oil guys. >> landon. thank you very much for that. and sara i do find it interesting they lose their aaa credit rating. >>> today's top trending stories. work hard, live longer. a study out of oregon state university says that working past the age of 65 could extend your life span while retiring early could put you at risk for early death. delaying one year could make all the difference. >> and -- >> [ inaudible ]. >> just don't buy the study? >> no. >>> burrito lovers are not happy with dunkin' donut this is morning. the all day breakfast favorite was one of dun kin's briggs drivers but it will be replaced imminently. >> do we describe them as the coffee company then? >> doughnuts and coffee and -- >> name implies doughnuts. >> true. a lot of new yorkers like the coffee. i don't know why. i think it is very weak. when you have to wake up at 3:00 a.m. you need strong coffee. >> could beyonce's album

brent: exxon mobil has received some somber news. the company lost its aaa credit rating after 50 years here and why is that? >> not good news for exxon mobil. that could see its credit cost increase. loyal prices will make it difficult for the company to keep funding high dividends for the next few years. the rating agency noted that the level has more than doubled in recent years, reflecting high capital spending on major products. dividends and shared purchases substantially exceeded internal cash flow. that said, shares of exxon has stayed flat. energy stocks gained around 1.3% for the day. brent: thank you very much. some bad news for international travelers. coordinated strikes at multiple german airports will leave 90,000 passengers stranded on wednesday. looked on the airline, a group is -- the unit is pushing for a 6% pay rise. lufthansa has confirmed it will cancel almost 900 flights from unit, frankfurt and other airports in the country. that is all your business news for the moment. brent: sports now. be syrian refugee ha

. >>> and exxon and others going to be reporting tomorrow, and why is kevin o'leary buyinging? >>> and michelle cabrera caruso with a exclusive look at the business in iran. that is coming up on "halftime report." i won't. (cannon sound) i won't. quite like the human foot. introducing the 255 horsepower lexus is 300 all-wheel-drive. with twenty-five percent more base horsepower. once driven, there's no going back. every auto insurance policy has a number. but not every insurance company understands the life behind it. those who have served our nation. have earned the very best service in return. ♪ usaa. we know what it means to serve. get an auto insurance quote and see why 92% of our members plan to stay for life. i'm a customer relationship i'm roy gmanager.ith pg&e. anderson valley brewing company is definitely a leader in the adoption of energy efficiency. pg&e is a strong supporter of solar energy. we focus on helping our customers understand it and be able to apply it in the best way possible. not only is it good for the environment, it's good for the businesses' bottom

at the site. >> okay i'm trying to understand what is going on so exxon mobil clukt a major clean up but now a reimbursement in place in this a users has a need for remediation they can seek those funds to cover the cost and that's almost right except for the remediation the port and exxon mobil and the regional quality control board says the remediation has gone as far as it can go to get the last little drop would pose a sixth reflex from that activity from a dmifshd return so the idea is to leave that last drop in place and to create mechanisms that insures it if pose problems to the public or anyone else in construction. >> exactly, exactly so the cost reimbursement to address those things and at the same time their liability is not reduced at all as a result of that in place. >> no. >> and it ended up finding something else a dollar is an opportunity for exxon mobil to provide whatever is necessary and exactly. >> so if something new was discovered the water board will reopen that case if something that is awe nutritional to exxon mobil they'll be liable for it. >> commissioner

exxon, they're already gunning for their production to be flat or the end of the decade. even hitting that target will be difficult given the pullback we have seen an investment. exxon's cash flow is stable enough to not only support the existing dividend but do have a progressive dividend and we did see that this quarter. i think finding the right balance between shareholder distributions and investment is an orton ring and i think in a sans case that while they could disabilityg more, dividend is important and i see no risk in it at all. david: francisco went down to talk about oil. guest: demand is very strong and we had a bumper year in 2015. we continue to have strong demand despite a warm winter. supply in the u.s. is falling pretty quickly and globally. in the second quarter of this year for the first time in three years, we will have a combination of lower supply and robust demand leading to a change in dynamics in the second half of the year. the market is looking stronger. i don't think it's -- i think there's a seasonal story, a cyclical story but if you look a

exxon and they have is had aaa since the depression. that is a big story. >> and now, j&j and microsoft only have the top rating. that is big news. >> and we go over to scott wapner "the half." ♪ >> welcome to the halftime report, i'm scott wapner, and apple and the always important earnings report, and it could be critical for your money, and with us, joe terranova and stephanie link, and jon and pete najarian. and now, starting off with apple, expected to deliver the first year over year iphone decline in sales, and give n th recent ugly action in tech, does the market hinge on what apple says, pete? >> well, it is built n and why would thnt stock be higher? you look at the stock, and every single analyst or the person who comes on the show, and it is valuation, and phenomenal. the cash? phenomenal. everything, but year over year, it is potentially the decline. katy huberling believes it might be better, because of what the street is project iing, but thi is why the stock is stuck here trading between $100 and $105. >> and does the

we've seen big cap ex cuts in the first quarter from exxon. what's going to be the legacy of these cost cuts from the company that are maintaining dividends versus those that have acted early and got a high reserve replacement ratio? >> well, i think you're on exactly the right point for the longer term, jonathan. the pullback in investment is going to affect reserve replacement. it's going to affect production down the road. you know, i think in the case of exxon, they're already guiding for their production to be flat. i think that even hitting that target is going to be difficult given the pullback that we satisfy there. now, by the same token, i do think that exxon's cash flow is stable enough to not only support the existing dividend, but to have a progressive dividend. we did see that this quarter, but the increase in the dividend. i think that finding the right balance between shareholder distribution and investment is an important thing. and i do think in exxon's case that, while they perhaps could be investing more, the stability of t

let's talk exxon. that is one of your big holdings. why do you want to hold onto exxon? they just lost -- their aaa credit rating. >> in the stock went up. what is the news? the rating agencies, the price of oil is low and it may stay low for a while. that is right. once again, then at schmidt. location, location, location in real estate. every time they have come through an incredibly ugly action for the underlying product, it is crude. they have been able to make it an opportunity and over the next several years, shareholders have benefited enormously. each of the three companies were tired of management that continue to surprise when they were challenged. exxon is doing exactly that -- >> you do not think the dividend is in danger? absolutely not. they will cut their dividends and it burns way more than a dividends. betty: ok, michael, good to see you. up, the growing black market for virtual weapons and how it is turning some teenage video gamers into real --d -- real-world ♪ mark: i am mark barton with betty liu in london. busiest selling season. home sales growin

exxon and mobile are integrated. exxon pulled out a profit because of refining and downstream profits that that were losses in upstream. when you look at everything, these lower prices are providing excellent margins for refineries and the chemical units. in the last two weeks over 1 140,000 barrels of capacity has been added to the u.s. refining system and the u.s. is now a net exporter of gasoline. it's clearly in the downstream units and the downstream business segments of the companies helping to provide profits and offset the losses in the upstream areas. >> stuart, does kyle have it right that because of the structural differences, the way those two companies are built, basically, that's why exxon was able to do what it did and chevron, and what's your view on big oil? which of the big integrateds so you like globally? >> i agree in part with kyle. the upstream was weak for both companies. but the loss was narrow for for exxon. between the companies i have a buy or four stars opinion on exxon and only a hold or

do the charts on exxon tell you to sell it if you own it? >> the chart on exxon has reversed the down trend we have seen for a better part of a year and a half. when we look at the chart of exxon we had a nice rally. i'm not adding to it at this point. we'll see further backing over the short to intermediate term. when you get the big long term down trend reversals. you want to add to the positions. right now, rsi, these indicators are fairly well elevated. i will wait for the pullback to add to the positions. not to mention the price of oil is at a period of time when you reverse the down trend. is this sustainable? we are stuck in a range between 42 and $50. we may go sideways here for a while. >> it may go sideways. not a ringing endorsement. eddie says take a pause. appreciate it. for more trading nation, go to our website, tradingnation.cnbc.com. >>> we are less than 24 hours away from the next fed decision. as is often the case what they say may be more important than what they do. so what will the fed say about growth and the american

so a bad week draws to a sour close for exxon mobil. how did investors take the earnings report? >> in their case, despite sharp declines in revenue and earnings, the company's results top expectations, reflecting some optimism from the rallying crude oil prices which gained 20% in april. the stock is up around 13.4% year to date. also chevron is up over 13% so far. it's quarterly earnings disappointed, second consecutive loss of $725 million. that is more than was expected. that is why it's shares went down on friday. christoph: the dow is finishing up the week in negative territory. >> it has been a better week for equities with the dow around 1% and the nasdaq losing 3% as tech giants like apple disappointed with earnings after a sluggish first quarter. investors are questioning if the economy will be able to have a big rebound in the current quarter. all eyes were focused on april, the jobs numbers, for any slowdown could add some volatility to equities. christoph: jose, thank you. to europe now and to some surprising news by the european statistics office. the economy is gro

you can stick with exxon. i continue to hold on. >> you like that they did the dividend hit when they did. >> they made the tough decisions nobody else wanted to make and everybody else says they won't cut their dividends. they included, then ended up doing it, got penalized right away. look at that graphic. look at the reaction with them between them, chevron and exxon. it says it all. >> a day later it's gone up. >> such a different inflection point right now because these stocks and crude have rallied 50%. now it's a different decision in terms of what they are making going to the future. people didn't care about the fundamentals before. now they care. >> i own marathon. however, the seasonal trade generally ends around may. that's when you look to sell. yields are good, nobody cut the yields of meaning. i still think it's a great buy. >> gasoline prices up 8 cents over the past couple weeks. jackie deangelis with futures. >> good afternoon. that's right. gasoline futures hitting a year to day high last wee

>> when you have a 10% tax rate, but somehow, exxon. >> it's not hard to understand. we do need to cut down on greenhouse gases. we do need to cut down on fossil fuel, those are sort of facts. now that doesn't mean that the only way to go about doing that is to demonize these companies, but that is what people on the left will do. >> from a portfolio standpoint, i think that was a good moment for her. she got in the face of a loony lefty and told that person off. >> want to step too far? >> no. >> stepped too far saying there should be some punishment for people that get abortions. >> huge court case called citizens united. people are allowed to contribute money. fossil fuel corporations are selling legal product and it's necessary to do that. why are we on their case? it has to do with that. >> we weren't on their case. >> i'm bringing in jerri for a second. you're not on their case, but i'm talking about the lefties. >> hillary said it was not the companies, it was from individuals. even she would not admit, if she was getting money from these large corporations, sh

eventually we figured out that exxon was the best place to start. my colleague, david havemeyer found a retired federal scientist who had worked. he said that the federal government had worked with exxon in the early 1980's on climate change research. this was pretty puzzling to us because the general public did not understand, or had never even heard about climate change and to the late 1980's. exxon had been tracking the science 10 years earlier, that was significant. nila found a document showing that a exxon scientist had appeared at a conference of the aaas, the american association for the advancement of science in 1979. that was a meeting about climate science. the point of the meeting was to get top experts together and try to understand the current state of climate research. this exxon scientist, henry shaw, was the only representative from industry. everyone else was from the government or university. with those clues we started seeing what we could find about exxon in those years. it was a lot of shoe leather reporting. nila was calling p

this is the first time since 1949 that exxon ever received a rating lower than aaa. but that leaves only two american companies with aaa rating, johnson & johnson and microsoft. shares of exxon were, none the will up a tick to 8763. >>> ibp raised its quarterly dividend to $1.40 per share up from $1.30 t. yield on thing to is now 3.67%. shares of ibm were up a fraction. >>> turning now to the topic of social security where two popular and lucrative strategies for claiming the benefits of being eliminated. sharon eperson joins us now with what you need to know. sharon, you think time is running out. you asked me earlier today, how old i was. >> it's not time to collect. >> when i was 29. >> that's why i asked you this question. >> it's strange, it has something to do with age? >> it definitely has to do with age. one has been lucrative for a lot of couples is file and suspend the other is restricted application and they're both coming under attack. it's being changed in a big way. it's actually filing and send will go away t. deadline is april 29th. it affects married

exxon lost its aaa credit rating. chevron imposed its latest quarterly numbers as well, that company expected to close a loss, big ones to watch, they will move the dow jones industrial average. lea: bernie sanders continues to say he is staying in the race. >> the evidence is overwhelming that you are looking at the strongest democratic candidate. lea: the latest on the democratic race and what this means for hillary clinton and a big break in the fight against the league of virus, the fbi approved the first commercial test for the virus, we have the details, you are watching "fbn a.m.," your first look at morning markets and breaking news. (gasp) shark diving! xerox personalized employee portals help companies make benefits simple and accessible... from anywhere. hula dancing? cliff jumping! human resources can work better. with xerox. which allergy? eees. bees? eese. trees? eese. xerox helps hospitals use electronic health records so doctors provide more personalized care. cheese? cheese! patient care can work bett

exxon mobil losing its coveted aaa credit rating. that it has had since 1930. in february, standard & poor's had warned exxon mobil it could lose this rating. i was talking to vince piazza. companymany of the bonds already trading as though it had lost this rating so we are not seeing much of a negative reaction in the stocks. there are now only two companies that have aaa ratings in the united states, microsoft and johnson & johnson. there are only two other +ompanies that have aa ratings. you wonder what is going to set the precedent. tracy: mark crumpton has more from the newsroom. week may next determine whether donald trump will be the nominee. he needs a strong showing in today's five primaries in the northeast. path toan do that, his the nomination becomes clearer. hillary clinton is expected to pad her lead over bernie sanders. voters are headed to the polls. sanders says it would be a great idea to have a woman as ways resident. -- vice president. he says there are many women he would consider as a running mate . he called elizabeth warren a real champ

the reason it is important is because exxon mobile is only one of three companies in the u.s. who had that aaa rating and the only two remaining are johnson and johnson and microsoft, and so, again exxonmobil's rating cut from aa to aaa. they are also going to have weakening commodity prices, and also, they are going to take a look at whether or not those issues remain through around the 2018 time frame. guys, that is a big deal when s&p cuts exxonmobil's rate. >> yes, that is a big read. don't go to paris. don't go to la. don't go to tokyo. live there. hey, welcome! come in, come in. when you airbnb, you have your own home. make your bed. cook. you know, the stuff you normally do. ♪ wherever you go... ♪ don't go there. ♪ live there. ♪ even if it's just for a night. ♪ >>> woelcome back to "squawk alley." i'm jon fortt. and talking to the ceo and founder of roku anthony wood. and i want to dive into the tvs because we were talking about how from zero to 8% of the smart tv market being r oshoku tvs, a tell me how it is going to the affect the business overall, and how