but the so-called chevron doctrine, which is based on the case with chevron, who was one of the parties, if they get rid of this doctrine of law, it would limit the power of the federal government when it comes to environment and lots of other areas as well. >> so we just got this decision down. it looks like roberts wrote the majority opinion. we're waiting for jessica schneider to bring us that opinion. it's complicated. it's beyond what the epa can do here. this brings up the question potentially, will chevron deference be overturned in this country and will that constrain the power of agencies beyond the epa? we'll bring it to you as we can. jeffrey, as you look at it, one thing that's notable is the same day that this was argued in oral argument, the united nations handed down that report warning of the damage of climate change. if, in fact, this ruling goes again the epa's power, which we don't know yet, but that ties the biden administration's hands to regulating any of this. >> you know, climate change is here regardless of what the supreme court says, regardless of what liberal

chevron pero solo que por un show para la persona quedÓ roto por sus campaÑas. chevron de un su rollo leproso pero acuerdo bi bipartidista que no limite los segundos nietos de julio propone como prueba diferencia entre ellos el presente son todos. chevro y la necesidad de cun como que tienen que irera conseguir un arma en el paÍs tiene que ir con revisiÓn por un proceso universal >>> muriÓ asesinado por un nuev fantasma que se reuniÓ con eleno brel >>> se aprovecho de nosotros en medio del dolo aprovechan de nu vulnerabilidad y ellos nunca hacen nada >>> el mandatario le dijo a r noticias telemundo les exigen sol p presentÓ congresos del crudo reunido y se enfrentÓ la entida por lo de vencer por uno de fuego solo explicamos al mayor de la masacre han ocurrido como cepos de como podemos ver la crisis se extiende por casi todo regiones del paÍ ya se han producido 233s prisiÓn producido por nuestros propios nocivos propuestos somos otros asesinadas sin contar al tirador. otro de los datos alarmantes que tenemos para ustedes que los atacantes son chevron uno

the oil and gas companies, despite the fact that there's this chevron versus biden. biden called the ceo of chevron, what did he call him "sensitive" yesterday snoiis oil companies are not at record profits right now. highest ever quarterly profits came in 2011 or 2012 when president biden was then vice president joseph r. biden. the administration says things like record margins. if you're going to talk about record spreads in refining margins, but as far as record profits, that is not the case. there are not record profits yet. they may get there the oil and gas companies had some of their best year in 2011 and 2012 under then vice president biden and now, yes, they are making a lot of money, not record amounts, but they are making a lot of money now. in some ways you could argue there hudshould be a little mor love between the two groups. >> chevron's were up but they pointed out their refinery is up significantly in this quarter their production of oil and gas is up significantly. last year was a record for the volumes of gas and oil that they produced and they'r

as you mentioned, chevron. chevron has excellent margins in the refinery business. their balance sheets are stronger than ever coming out of covid. they're lean and maean. they announced $10 billion of buyback. they are growing dividend at 6% a year they are growing down debt that is the company we like in the environment for today. >> the energy trade has been consensus for a long time. no surprise. the momentum trade for sure right now. what about the contrary play do you put more money to work there? >> i think there are opportunities. some of the big mega cap tech stocks have been beaten up so far. look at microsoft. microsoft has been crushed with a lot of the other software companies. not all software is created the same microsoft's trading at a 20% discount from the five-year pe it is an absolute cash cow $130 billion of cash compare to the total operating profit at the end of the year was $72 billion. you will see margins improve as they migrate to the cloud. there are opportunities in tech. you have to be selective >> lizzie, you are one of the nation's top

chevron goes to 181. stock sits at 179 and change it is not a big bump all the stocks have done quite well you have chevron which if i recall correctly became the second largest energy position schlumberger jumped it from what you told me last week in overtime >> yes schlumberger is my biggest energy play. chevron is second, diamondback energy is third. i am double the bench mamark weighting. 10% is energy. strong cash flows. low break evens across the board. supply and demand, there's a huge imbalance valuations are attractive. what you're going to see is earnings revisions going higher. these companies have pricing power. i kind of barbell it chevron is the boring play, integrated, has good dividend and assets tons of free cash flow keep buying back stock can get to $5 billion buy back schlumberger, talk about pricing power and margins, have gone up seven straight quarters in a row for schlumberger, up 200 basis points this year according to guidance diamondback are doing fun things in terms of what fre

alix: you have been at chevron for many decades. did you ever think that we would see global refining margins like this and possibly sustainable? mike: i have not seen margins this strong during my time in the refining business. it is a unique set of circumstances. we are coming out of a once in a century pandemic. very strong economic growth. some things have constrained product supply into markets. it is a set of circumstances we have never seen before. these things never last forever. markets work. sometimes it takes time. there is an old adage, high prices is high prices. price signals suggest producers should produce more. consumers should consume less and eventually that dynamic does bring prices back into a lower range. alix: do you think we will ever be in a world where we will have to rash in gasoline? there were reports about that happening on the east coast. could that happen on this day and age? mike: markets are very efficient today. as long as the infrastructure exists and the ability to supply market is not constraine

kennedy: it's interesting you say that because have anything to do with chevron which we hear so much about when there are new justices being vetted for the high court? >> this is what i love about you, you are beautiful and exciting and interesting but you know about chevron, it's like my dream come true. nerds out there know it's a long-standing policy that's been the court saying when there's vagueness about interpretation about federal regulation we defer to the agency, a lot of people thought in this they might be ready to take down chevron but it doesn't appear the court is going there will sort of the lease yet so chevron seems like it's still in the mix, they took a slightly different angle looking at the major questions doctrine but essentially says bottom line if congress wanted to get this, they would do it themselves or specifically given this exact power to the epa to do it and they found it hadn't been done so they went too far. kennedy: you can make that claim longest should have done more they had the opportunity, even chuck schumer today said it's all the more imperat

chevron wants to relocate some employees to houston, texas, chevron park campus and said ramon has been the company's headquarters for two decades. company officials say chevron will remain based in california, but they're looking for a smaller space. a spokesman for chevron told the paper. the current real estate market offers the company an opportunity to adjust its office space needs. today marks one month since the school shooting nobody texas and in washington lawmakers are working to pass one of the most significant gun reform bills in decades, and today's supreme court ruling is also a chilling warning too many in the lgbtq community concerns that more civil rights could be in danger. real has been growing every day with a consistent flow of people dropping off flowers, stuffed animals and cards. parents of the children are still demanding to know how the gunman was able to walk into that school without encountering a locked door and why police waited more than an hour to engage him through texas legislative committees have been created to investigate the law enforcement response

chevron wants to relocate some employees to houston, texas chevron park campus in san ramon has been the company's headquarters for two decades now. company officials say chevron will remain based in california, but they're looking for a smaller space. a spokesman for chevron told the paper. the current real estate market offers the company an opportunity to adjust its office space needs. on wall street stocks ended sharply higher today, posting its first weekly gain this month. the down jones industrial average surged 823 points. the nasdaq picked up 375 points in the s and p 500 gained 116 points. reproductive freedom. is on the ballot in november. the midterm elections already taking center stage now , following today's ruling on robie weighed up next political experts weighing on how big of an impact abortion will have and also ahead a growing number of companies supporting abortion rights and one business says it will even pay bail if its workers are arrested. protesting the supreme court decision. also ahead. historic gun legislation passed in both chambers of congress how loca

. >> you say you like chevron in the energy sector. why is that? >> there are several i do, but i do like chevron and they have good dividends right now what's interesting to note about chevron and especially your energy companies in general, energy prices will likely stay higher for longer here, but even if they don't, even if they start to come down their break evens are lower and they can buy back 25% of their shares if oil prices are at $75 a barrel over what it is today and take advantage of the great dividend, as well. >> you have an interesting pick here in healthcare cvs health i would think it's a pandemic play and that's where we all mobbed to in the beginning of the pandemic and we stripped the shelves of every product and now maybe they might be on the wrong end coming out of covid, but you say no that's a good place. >> health care is a good opportunity especially if we go into a recession and it can withstand a recession better than other companies and cvs i really lick because you look at the health care and the health hubs back into

this idea that they don't have oil to drill and to bring up is simply not true. >> chevron's ceo plans to attend the meeting biden convened but doesn't plan to go himself. sending his energy secretary instead. >> what i mean by first step, they are going to sit down and have a conversation. the second step is coming up with solution and ideas. >> refiners and oil companies have been clear they need a green light on policies over drilling, leasing, building infrastructure and regulation from the president who once vowed to end fossil fuels. >> rather than backing down on those policies, purposefully meant to hinder our production, the white house pivoted to blaming my industry. >> biden is hopeful -- >> we ought to be able to work something out whereby they are able to increase refining capacity and still not give up on transitioning to renewable energy. they are both within realm of possibility. >> meantime, a gas tax holiday is looking more likely even though the white house has not begun any outreach to congress to build enough support to pass it and biden's own treasury secretary ad

the ceo of chevron was right to come out. i wish oil and gas would do a little bit more to discuss why gas is important. they are all afraid. everyone is afraid of their shareholder suits and the angry shareholder driven litigation that is facing them. everyone is running scared. the american people are the ones that always end up suffering the most. >> if they do speak out like the ceo chevron, and he did, you get the comment from the president. runoff elections, republican women. >> big deal. in 2013, i believe i was on that show the day after eric cantor lost. the seventh district. that was a historic loss for the establishment g.o.p. went through some changes. she claimed she was a moderate. there are no democrat moderates. there is may be joe manchin on occasion. the moderates are kind of a thing of the past. people earn in the mood to lose. republicans want to nominate candidates that can win back. just candidates who say i am mag a. >> steve: the candidates from the second and seventh congressional district in the comm

another oil company chief is pushing back on biden accusation of profit earring and chevron ceo says your administration has sought and vilified our industry, these actions are not beneficial to meeting challenges we face and not what the american people deserve that drew a snarky response from biden. >> i didn't know they would get their feelings hurt so easily. we ought to be able to work something out. >> griff: he won't meet with them tomorrow, he will leave that to his energy secretary. the white house continues to label this putin's price hike. >> carley: the university of pennsylvania has an interesting study and said if this was implemented in march, it would save people $50 for the rest of the year. if you freeze that gas tax, not all the money benefits consumers, that is why some are calling it a gimmick. griff, thank you. female republican candidates victory necessary two big virginia races that could tilt the balance of power come november. and races in alabama and georgia previewing power of trump endorsement ahead of the midterm. brooke singman has the latest results th

president biden responding to criticism from chevron ceo by outwardly mocking him. joining the conversation all morning long this morning is forbes media chairman and former presidential candidate steve forbes. the wall street journal assistant editorial page editor, james freeman and former assistant secretary monica crowdly. great to see everybody this morning. thank you so much for being here. look, no question this administration has been attacking the oil industry and then when mike worth tries to respond explaining the specifics in terms of what they've been producing, president biden mocks him. steve, your reaction? >> that's all he can do. he has no facts on his side and exxon went after him the other day pointing out they lost $20 billion when things weren't so good. so if you want the oil industry to produce more you have to have the environment to make investments and when you produce the oil you have to get them to refineries and you can't do it, can't expand refinery and can't get leases to drill, can't get transported and get pipelines and goes to saud

the ceo of chevron writes: chevron produced the highest volume of oil and gas in our 143-year history, and in the first quarter we had 1.25 million barrels a day, and yet we continue to get the emergency sector needs cooperation because we continue to get pushback from this administration. what is going on in terms of this industry? they've completely changed their businesses, senator. >> i know. i mean, think about the investments that have to be put in place to continue to maintain supply here in america. these are 10-year investments, multibillion dollar investments, and ceos and boards of these large energy companies can't follow their fiduciary duty if they know that the biden administration's declared in eight years they want to see an end to the fossil fuel industry. this is a terrible environment for investing and continued capacity. you look at what the epa has done with the small refinery exemptions, they've retroactively withdrawn and imposed retroactive billion dollar fines on these small are refineries. they're going to go out of business. we're constraining supply at eve

kelly o'grady live at a chevron gas station. you know what? i saw west la i was like i know where this is going, how much and what do you know? reporter: very expensive. you know the question that you just asked, liz, when is this going to trickle down that's a question that every driver is asking when they pull up to the pump that announcement today from opec did send crude prices, you know, down a little bit, i offered a glimmer of hope but they spiked backup as analysts are questioning whether opec can fulfill those commitments. now the coalition will increase the size of its oil supply hikes by about 50%. ministers agreeing the group should add about 200,000 extra barrels a day in july and august now it's driven biopeck leaders saudi arabia it's a stark turn given their close relationship with the kremlin thus far but that may not help with rights at the pump. you mentioned this decision comes that eu will cutoff russian say employ of oil by 90% by the end of the year so the move won't increase supply from where we were but instead plug th

manus: the chevron chairman and ceo speaking to alix steel exclusively. though u.k. prime minister is -- the u.k. prime minister bracing for a possible confidence vote. it is an ominous, gray morning after the jubilee celebrations across the palace of westminster. we bring you the story in a moment. the challenge potentially to johnson's leadership, on bloomberg. ♪ dani: welcome back to "bloomberg daybreak: europe." i am dani burger in london with manus cranny in dubai. the pace of sterling has been interesting given the bank of england was the first to be aggressive with rate hikes, but with europe and the fed catching up, how much longer can any strength in the pound last? manus: there you go. sterling up four days in a row. i wonder to what extent ahead of the ecb. just roll it over and you have a look at euro-dollar. maybe not the same trajectory as we see a little more correlation to risk. trading down at 12503. dani: we have to put all ticks takes into the picture as well. boris bracing for a possible confidence vote this week. a key ally of the prime ministe

at chevron, we're working to find new ways forward, through investments and partnerships in innovative solutions. like renewable natural gas from cow waste, hydrogen-fueled transportation, and carbon capture. we may not know just what lies ahead, but it's only human... to search for it. (music throughout) >>> u.s. and western intelligence sources say ukrainians have entered a critical part of the conflict. ukrainians praying for anti-missile weaponry. they are dealing with painful losses in the east. only 10% military assistance requested from the west has arrived. russia has amassed a significant artillery advantage. also tonight there is confusion over the whereabouts of russian dissident aleksey na valuable knee, president putin's most outstanding critic. they tried to visit him today at the penal colony. they were told he's no longer there. one of navalny's lawyers tell cnn that they believe he was transferred to a higher security prison, but they don't know for certain which prison. no one has confirmed one possible destination mentioned by russian state media. join us is maria pe

new details about chevron's plans to downsize here in the bay area what the company is planning to do with its world headquarters in san ramon, and what will happen to some of its employees plus multiple people are dead and dozens more injured after an amtrak train derails in missouri garrett tenney in mendon, missouri. i've got the details coming up. less cloudngp to a more warmer at what you can expect for your neighborhood and the cooling trend well has been sentenced to 20 years in prison for her role in facilitating jeffrey epstein's sexual abuse of underage girls. maxwell was convicted in december of five of six counts against her. she was acquitted on one charge of enticing a minor to travel to engage in illegal sex acts. the crimes occurred even as a couple mixed with some of the world's most famous and wealthy people, including former president bill clinton and donald trump and england's prince andrew. epstein killed himself in jail while awaiting trial. maxwell denied being epstein's accomplice known authorities say 1/4 person has died following yesterday's amtrak derailment

level, and by chevron. you don't need to do it tomorrow. >> dan? >> u.s. dollar. >> thank you exclusive with thek starts now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now >>> hey, i'm cramer. welcome to "mad money. welcome to cramerica people make friends, i'm just trying to make you money my job is to teach and entertain. right now, the conventional wisdom says this market is long way from bottoming, even if you get the occasional good day like yesterday or a day like today, dow dipped 4

oil companies, chevron, exxon mobil, and shall have the highest profits they have had on record and double the profits of last year at this time, quadruple the profits for some of the oil companies. they don't really need to raise prices at all. if these were in competition, if these were companies in strict competition with each other, they would not be raising the prices. the fact is that they don't have to worry about competition. they are raising prices because they are so dominant in their industries. this is also true of food companies. i could go on and on. differ companies in different industries are able to raise the prices that they are charging consumers and they are doing it. >> some people call that greed inflation but in the business world people would argue that corporations really owe nothing to the american public, they really just have to be accountable to their shareholders and that is the very nature of capitalism. >> well, that may be. certainly that is the biggest profits -- you can make more money. you are supposed to do that for your shareholders but one of the prob

reporter: the chevron c.e.o. complained today that your administration has villed any oil and gas industry and needs a change in approach in order to make progress on energy. do you have any reaction to that? pres. biden: i didn't know they'd get their feelings hurt that quickly. we need more refining capacity. this idea that they don't have oil to drill and to bring up is simply not true. republicans are talking about biden shut down fields. wrong. 9,000 of them. ok. so they -- we ought to be able to work something out whereby they're able to increase refining capacity and still not give up on transitioning to renewable energy. they're both within realm of possibility. reporter: if you were to decide to go for a federal gas tax holiday, do you believe congress would support that? and how would you feel act the fact that it's something that's a big priority for you, with roads and infrastructure and all that? pres. biden: we had a giant bill we passed, $1.2 trillion. it's not like before. look. it will have some

>> caller: i just wanted to get your thoughts on chevron? >> we own chevron for the club. we have a hedge position. the only thing that can keep bringing this market down his oils, but we did sell some chevron. we had a huge gain, and i'm not going to have a began turn into a loss. it would be consistent with the fact that we just sold some. chris in ohio. >> caller: good day, jim. >> what's up? >> caller: the stock i'm wondering around is called butterfly. i know they're not currently profitable -- >> these guys told me over and over again, look, you've got the portable, you know -- ultrasound. what about ultrasound. turns out there are a lot of guys who have it. i don't want you in that dock, end of story. it's go to larry in florida. >> caller: hi, jim. is marathon oil a purchase, a cell, or a hold. >> they are making a ton of money, and i think that the president is going to come down on the refiners, and they are going to come down on marathon. the quarter will be great, but i just fear that the president is really going to decide that the private refiners are respons

president biden responded by mocking the chief at chevron. tell me more. lauren: yeah, and that ceo is mike worth and he said this in a letter to the white house, i'm quoting. your administration has largely sought to criticize and at times villify our industry. these actions are not beneficial to meeting the challenges we face and are not what the american people deserve. he is saying stop the hostility but the president almost got more hostile. >> i didn't know they get their feelings hurt that quickly. look, we need more refining capacity. this idea that they don't have oil to drill and to bring up is simply not true. this piece of the republicans talking about biden shutting down fields, wrong. there's 9,000 of them. we ought to be able to work something out whereby they're able to increase refining capacity and still not give up on transitioning to renewable energy. stuart: oh, man, how wrong can you be. sorry don't mean to interrupt but go ahead. lauren: and that's the rub. chevron and others are doing exactly what the white house wants them to do. t

at chevron, we're working to find new ways forward, through investments and partnerships in innovative solutions. like renewable natural gas from cow waste, hydrogen-fueled transportation, and carbon capture. we may not know just what lies ahead, but it's only human... to search for it. ♪ i want to rock and roll all night ♪ ♪ and party every day. ♪ ♪ i want to rock and roll all night ♪ applebee's late night. because half off is just more fun. now that's eatin' good in the neighborhood. ready to style in just one step? introducing new tresemme one step stylers. five professional benefits. one simple step. totally effortless. styling has never been easier. tresemme. do it with style. we strip in the community garden. i've been stripping here for years. i strip before take-off. breathe right strips open your nose for relief you can feel right away, helping you take in air more easily, wherever you are. >>> more gun violence in multiple cities across the country this weekend hitting closer to home for americans. just this morning there was a deadly shooting in las vegas in a ve

it has been good for owners of stocks look at chevron, exxon in particular, capital allocation improved significantly for those companies the last several years and they're really thinking about the potential return on projects it has slowed the capex. in this environment, if you look at what's leading and running, i feel that we have some energy exposure, in valero, eog think that's the right place to play the energy space. we have more beta to the sector in those two names we are trying to get full movement of energy names i think the thing to think about is is it right now the time to add from a cyclical perspective, and again, i see other opportunities in other sectors, given what energy has already done. >> josh, wasn't long ago you added ieo, you don't add things often, but this is certainly one place you looked >> yeah. i actually don't think stock picking in this space matters at all. i think this is a one way trade and that is predicated on oil and gas prices remaining elevated and u.s. companies continuing to invest less than they ordinarily would have during commodity price s

chevron actually started in san francisco before moving to get san ramon in 2002. it's been building new skyscrapers in houston and already owns buildings in houston. once owned by enron. yelp is closing down offices in chicago, new york and washington . it just doesn't need them. yelp told its employees can work from home for as long as they wanted , or forever. by closing the office, hell gets rid of the so-called hybrid model where workers come in occasionally. the ceo said to the washington post the hybrid model was , quote, the worst of both worlds and the hell of half measures . take a look at the television screen. steve jobs 15 years ago a little trivia. when apple decided to call it the iphone, another company, cisco, already have a product called the iphone. we will talk more about the iphone on its birthday on wednesday coming up on today in the bay. and lastly , the airline that flies under the american eagle brand for american airlines is offering its pilots triple pay if they take those flights in july. the pay works out to $150 an hour for a captain

la pandemia con esto se une a empresas como twitter y enviar vi para trabajar desde sus hogares >>> chevron planea mudarse a sus oficinas san francisco giants al área de san ramón. la empresa dijo que tiene laopción de mudarse a texas con todos los gastos pagados >>> netflix más de 300 empleados fueron despedidos debido a la lentitud de crecimiento que le suman 250 empleados que decidieron el mes pasado por la misma razón que representa el tres por ciento de esta labor ha manifestado estar experimentando ella su plataforma con menos suscriptores durante la pandemia >>> queremos combatir esta alerta. puede que se encuentra con retrasos en los últimos días más de 2000 vuelos fueron cancelados. hay fallas que obedecen a la falta de personal que suponen desde la pandemia pero cuentan de que es el primer fin de semana de verano que se acerca el 4 de julio y las terminales aéreas estén repletas de viajeros, pronosticado la triple a >>> que viajarán para este fin de semana en el día de la independencia 42 millones y las tres. 5 millones por avión. >>> era vuelos internacionales. es im

chevron, good yield. the stock moved up a lot so the yield isn't as great prudential is not doing as well as i would like. dow, we know business is good. abbvie is owned by my travel trust. here is what i'm going to say. drug, oil, teleco, insurance, chemical works as diversification it is just they're not great stocks. i'm going the leave it -- i'm going to swap out prudential and put in wells fargo, okay because wells' ability to raise business substantially, otherwise i'm going to plus it it is hard to get great companies with good yield here unless you are doing oil and gas then it is easy. maureen in new hampshire maureen! >> hi, jim it is maureen. thanks so much for taking my call >> of course >> i got five stocks i would like to talk about amazon, worried about logistics. duke, nvidia, roku and asml. am i diverse field >> man, this is really hard. okay so roku, we don't even like roku i don't care if it is diversified or not, it is just bad. i do like the area of technology and communications i wou

at chevron, we're working to find new ways forward, through investments and partnerships in innovative solutions. like renewable natural gas from cow waste, hydrogen-fueled transportation, and carbon capture. we may not know just what lies ahead, but it's only human... to search for it. daddy, is that where we're from? well, actually, we're from a lot of places. see, we're from here, and there... give dad a gift worth sharing, at ancestry.com you never know what opportunities life will send your way. but if you have moderate to severe rheumatoid arthritis or psoriatic arthritis, enbrel can help you say i'm in for what's next. ready to create a bigger world? -i'm in. ready to earn that “world's greatest dad” mug? -i'm in. care to play a bigger role in this community? -i'm in. enbrel helps relieve joint pain, helps stop permanent joint damage, and helps skin get clearer in psoriatic arthritis. with less pain, you're free to join in. enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous s

., we had chevron, which opened at about $148 a share. it started to fall. it's at now call it 141 down 4.6 % it gapped down and you can see caterpillar is the laggard here, down 5.5%, 15 minutes later then what you saw with chevron. it also started going down the rabbit hole but turn your attention to this so just nine days ago, monday, june 13, the 10-year yield made its biggest spike in two and a half years, vaulting 24 basis points in a single session to 3.4%. that's when the wall street journal reported the federal reserve was changing its game plan and would hike interest rates two days later at its meeting not by 50, but a more aggressive 75 basis points, but today, when for the second day in a row fed chair jay powell told congress in his semi-annual testimony, he's pretty much on a rampage to continue doing just that, raising rates until inflation shrivels from its bloated four-decade high. the benchmark to the opposite. the yield totally reversed, dropping over 48 hours to a one- week low we're now at 3.07%. we were as low as 3.01% as investors ant

at chevron, we're working to find new ways forward, through investments and partnerships in innovative solutions. like renewable natural gas from cow waste, hydrogen-fueled transportation, and carbon capture. we may not know just what lies ahead, but it's only human... to search for it. are you a christian author with a book that you're ready to share with the world? get published now, call for your free publisher kit today! >>> turning to our politics lead. idiotic claims and absolute rubbish. those are just a couple of the ways former attorney general bill barr described donald trump's baseless election fraud allegations and videotaped depositions played during today's january 6th committee hearing. a primary focus of today's hearing was to show trump continued to peddle false election fraud claims even after being personally and repeatedly told those claims were not legitimate. and as cnn's jessica schneider reports, the committee revealed how pushing the big lie was quite lucrative for members of the trump team. >> the january 6th committee back to spotlight how former president tr

our interview with ceo and chairman of chevron, next. ♪ another crazy day? of course—you're a cio in 2022. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want —your team, ours or a mix of both. with the nation's largest ip network. from the most innovative company. bring on today with comcast business. powering possibilities.™ shery: take a look at oil prices continuing to surge in the agent session. above $120 a barrel. opec-plus disappointing with only a modest output hike, .4% of global demand over this summer. saudi arabia raising oil prices for asia by more than expected. we are saying a rebound in demand given the opening across the economy and we are following gasoline futures as well. the government officials saying they could allow more rating oil to flow without a deal. we see the record gasoline prices. let us go to the chevron ceo, he is seeing

we had them all companies, stocks like exxon chevron down about 4 percent. but i believe that is not because of the proposal of the us at president. if you look what happened to abide and took office, i mean republican, they do not agree on anything on measure that is coming out of the white house at this point. and they also has been some criticism from biden or own a party member. so from the democrats and nancy pelosi for example, called the idea of, of, of the, of the idea show bits. so, i don't think that joe biden really will get abroad support. that is needed to pass this measure. right. not a lot of love for the gas tax holiday in court in new york. thank you very much. and it's not just gas prices that are giving headaches to travelers. this summer staff shortages at airports are leading to flight delays, cancellations, and short temporary, wonderful, especially in europe. our porter visited the germans city of distal dwarf to gauge the mood among employees and travelers. there. the departures hall at dusseldorf airport passengers going through secu

she told us more about the situation and chevron genetic and that chemical plan, which is reportedly the last place in the city, still under ukrainian control. that's right, michael, as you rightly mentioned the severed and as has been at the center of the battle. and so far the battle at the moment in the dawn bass for some weeks now and in russia has been gradually pushing forward. but it's been a very slow and gradual push forward ukraine managing to hold back her at least a fast advance. but as you say now, only this as a chemical industrial side is under ukrainian control. and russia now does control the rest of the city where, you know, it's, it's a little bit of reminiscent of what we saw in matter you, paul, and the as of style plant, we, the civilians, both workers from the, from the industrial plant and civilians trapped their hiding underground with about 3 or 400 ukrainian soldiers as well, trying to maintain their obviously trying to not the resist russian control. i don't want to give out that area and have rush a push through to the says the city on the other side of t

., that's according to chevron's chief executive officer. we will hear from our exclusive interview. this is bloomberg. ♪ francine: welcome back to the open. 30 minutes into european trading day and here are your top stories. stocks is an europe open in the green while u.s. futures have gains after the strong jobs data on friday. back on demand, wti finds its highest level since march saudi arabia boosted prices higher than expected to customers in asia. and boris johnson faces a no-confidence vote. a revolt from his own party. we watch for this new no-confidence vote. overall there is a broader picture of gains thanks to china reopening. tom: a lot of political risks around the u.k. is now priced into the assets. currently seeing gains of more than 1% on the ftse 100. even if boris johnson survives this vote of no-confidence, he is clearly a damaged prime minister. the european stoxx 600 gaining 0.6% of the dax is up 0.7% as well. beijing and restrictions being eased rapidly in the capital even as mass testing continues. shanghai is boost

but an accused major produces, including exxon mobil and chevron of profiteering. from the crisis. you can union assigned an energy agreement with israel, and egypt as the glock looks for alternatives to russian supplies do, will allow israel to send its natural gas to egypt for processing before its exported to europe. you commission president osler from the line described the agreement as a big step forward and indicated a longer term plan will focus on renewable energy. the european union has launched a string of legal challenges against the u. k. over it's moved to scrap part of the post breaks at trade deal. the u and u. k agreed there would be no new tracks on goods crossing the border between northern ireland and the republic of ireland and e u member. but the arrangement has disrupted trade with mainland britain, a setting northern ireland, apart from the rest of the u. k. thousands of people in eastern that democratic republic of congo have been rallying against render and its president for could army protest. as in the city of goma accused, the rwandan government supporti

we had them all companies. stocks like exxon a chevron down about 4 percent. but i believe that is not because of the proposal of the u. s. a president. and if you look what happened and since to abide and took an offer, some in republicans, they do not agree on any single measure that is coming out of the white house at this point. and they also has been some a criticism of from a bite and some organ the own party members. so front of the democrats and nancy pelosi, for example, a cold. and the idea of, of, of this, of this text idea of show biz some. so i don't think that joe biden really will get abroad support that is needed there to pass this measure. right. not a lot of love for the gas tax holiday against court in york. thank you very much. it's not just gas prices that are giving headaches to travelers. this summer staff shortages at airports are leading to flight delays, cancellations, and short tempers, especially in europe. our reporter visited the german city of dusseldorf to gauge the mood there among employs and travellers. the departures hall at

they work at the chevron refinery could mimic gasoline supply. this is the one that makes gasoline. it will take about a month to get repairs. >>> consumers may be pressed out of homes as mortgage rates rise. some firms pay cash for those houses and then rent them out. this man has been priced out four times. >> it is becoming more and more challenging. how do you save an extra 10 to $20 when you're spending $2000, $2200 a month just to rent cracks >> it is barring sellers to sell to one buyer. >> you can watch our new series on your local amazon fire tv by downloading our streaming app. >>> we just learned the world cup is coming to the bay area. it is an exciting announcement made this afternoon. levi one of the host cities. this is not the first time the bay area has hosted the world cup. it was hosted back in 1994. u.s., mexico and canada will host the 2026 world games. >>> this is so major, let's bring in from our sister station. high, carlos. for those who are not soccer or football fans, please describe how big of a deal this is. >> it is huge. the super bowl attracts an audi

at chevron, we're working to find new ways forward, through investments and partnerships in innovative solutions. like renewable natural gas from cow waste, hydrogen-fueled transportation, and carbon capture. we may not know just what lies ahead, but it's only human... to search for it. finding the perfect designer isn't easy. but, at upwork, we found her. she's in austin between a fresh bowl of matcha and a fresh batch of wireframes. and you can find her, and millions of other talented pros, right now on upwork.com sumac florida governor, ron desantis faces a new reelection this year. he's considered to be one of the primary challengers for the 2024 presidential race. our next guest has asked if the former president can be displaced? jen me know with the new yorker, dexter. it's really fascinating in your article. it describes desantis as someone's that sounds like former president, but speaks in complete sentences. how is he trying to convey the and himself without criticizing the former president? >> reporter: anderson, that's a really good question. the dance between trump and desa

the company says, chevron will remain headquartered in california. they have a 140 year history of operations and partnerships throughout the state. >>> the fire burned ready close to home in hercules. there i-80. it shows just how quick it got to the houses. they were in related evacuated immediately. it did not last too long. we do not know how the fire started. >>> the fire triggered a massive power outage. emerald hills early, burning 28 acres. forcing evacuations. thousands lost power. utility has a substation in that area. >>> speaking of fires, is the weather going to cooperate? >> later this week i think we will see some underwear improvement. some of the energy component values show how quickly the fires can spread. pretty close to mid to late summer level. when you see the type of temperatures we have, 90. the humidity is 80%. we see fire danger at its highest. it's comfortably cooler temperatures as we get to the interbay. about 80 degrees in san jose. 62 degrees. when's at time, 62 miles per hour. 60 miles for. 59 degrees. did get up to 9

. >> it is a slow day at the chevron in menlo park. the station sits on the busy intersection, but hardly any drivers came to fill up. >> about a month ago, it was almost a whole dollar cheaper, so it is just scary to look at. >> nick lives in menlo park and says spending more than $100 to fill up is the new normal this area. he says he will drive hard to avoid prices like these. >> i have never filled up here, that's for sure. i have a toyota, so i philip regular. >> to chevron, however, is not the most expensive. >> the shell just around the corner has premium prices right under eight dollars. a visitor from out of town says he did not believe it at first. >> this is horrendous. where almost eight dollars a gallon -- i usually burn supreme in my car because of what it is, and we are almost eight dollars a gallon. >> those average prices keep rising each week. johnson is concerned about how high things will go. >> i just don't know that people are fully understanding what is going on. karina: high gas prices. dan: high temperatures. k

chevron shares down 3%, exxon mobil shares down about the same. given the crude space and occidental down 3%. i want to take a look at the winners and losers after yesterday's rally. tesla up more than 9% after elon musk talked about job cuts and gave more clarity on twitter. those shares falling 1.5% as people reassess because of this broad-based, risk off field. yesterday, they did not participate in the rally. netflix is suspected to announce another round of job cuts after beefing up during the pandemic, those shares down 1%. meta -- meta has been left out. one of the big bets in what could potentially drive a rally, this is it. at what point is value in names after bid up on ultra low rates for so many years? tom: we only show red on the screen. thanks you, lisa. romaine would have done it differently. kailey in for jon ferro. we go inside, talk about the dynamic, the flows in what i call the trust market, which, years ago, was indicative of the ted to spread, the dynamics against treasury bills, the measurement of the short term paper. sudde

the ceo of chevron, whatever you think of chevron, knows a lot about oil, predicted "i personally don't believe there will be a new petroleum refinery ever built in this country again. what we've seen over the last two years our shutdowns. we seen refineries close, we seen refineries being repurposed to become buyer refineries. we can burn food in our cars. and we live in a world where the policy, the state of the u.s. government is to demand product that refineries produce. so when you don't allow people to produce something, what they once produced becomes scarce and therefore highly expensive and if you depend on it every day, you're screwed. that's what they are saying. but of course that sounds like russian disinformation. sounds like something putin himself wrote, and indeed that's what it is. what's really happening according to our energy secretary is this. >> our oil and gas producers have a responsibility. we are on a war footing. the price of oil, the price of gas is precipitating the high costs come at high percentage of inflation around the world, and so he's asking upon ou