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o occidental, the big outperformer in 2022 has valero, exxon and halliburton all up 40%, but clean energy names like sun run, sunnova and lithium and plug power all sharply lower and thanks to tight fundamentals and j.p. morgan saying today that oil and gas stocks are the most attractive group in the market especially after the recent weakness higher commodity prices could actually boost renewables, too, since it makes them cheaper in comparison meantime, supportive policies like the extension of the investment tax credit can lift the group. we've heard the narrative for a while now about near-term weakness and long term opportunity which begs the question if and when will it shift? >> right if not now when? >> exactly, pippa, thank you very much. pippa stephens high energy prices have one big headache for the transports. now we'll have another westport port strikes and we'll dig into the implications on "power lunch" which begins right now. ♪ ♪ >>> and welcome to "power lunch. i'm eamon javers in today for tyler matheson an inflation battle. strategists say stocks won't rally until i
o occidental, the big outperformer in 2022 has valero, exxon and halliburton all up 40%, but clean energy names like sun run, sunnova and lithium and plug power all sharply lower and thanks to tight fundamentals and j.p. morgan saying today that oil and gas stocks are the most attractive group in the market especially after the recent weakness higher commodity prices could actually boost renewables, too, since it makes them cheaper in comparison meantime, supportive policies like the extension...
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another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1 call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what has been said in the past and santa clara county for similar crimes and we want our community members to be safe in their own homes. and we want these folks to remain incarcerated when they need to be police don't believe the suspect stopped a home invasions. they believe they were involved and other burglaries in violent crimes. anyone with information that might help investigators is asked to contact the san jose police department reporting the newsroom. i'm rob nesbitt kron. 4 news. >> 2 teenagers were hospitalized after they were shot while they were pushing their car which ran out of gas and union city. this happened tuesday night. the teenagers were trying to get to the gas station on whip
another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1 call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what has been said in the past and santa clara county for similar crimes and we want our community...
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Jul 1, 2022
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another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what's been said in the past and santa clara county for similar crimes and we want our community members to be safe in their own homes. and we want these folks to remain incarcerated when they need to be police don't believe the suspect stopped at home invasions. they believe they were involved in other burglaries in violent crimes. anyone with information that might help investigators is asked to contact the san jose police department. >> reporting in the newsroom. i'm rob nesbitt kron. 4 news. >> 2 teenagers were hospitalized after they were shot while they were pushing their car which ran out of gas and union city. this was tuesday night. the teenager's trip trying to push their car to a gas stat
another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what's been said in the past and santa clara county for similar crimes and we want our community...
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Jul 1, 2022
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another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what's been said in the past and santa clara county for similar crimes and we want our community members to be safe in their own homes. and we want these folks to remain incarcerated when they need to be police don't believe the suspect stopped at home invasions. they believe they were involved in other burglaries in violent crimes. anyone with information that might help investigators is asked to contact the san jose police department reporting the newsroom. i'm rob nesbitt kron. 4 news. >> it's 6.42, teenagers were hospitalized if they were shot. they ran out of gas in union city and they were pushing their car. it happened tuesday night. they were trying to get to a gas station on whipple road. a
another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what's been said in the past and santa clara county for similar crimes and we want our community...
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Jul 1, 2022
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valero, exxon and burton, all of around 40%. but clean energy names like sun run, cenote, sonoma, lithium americas, and pleasant power, all sharply lowered. analysts remain bullish. thanks to tight fundamentals. j.p. morgan, saying today that oil and gas stocks are the most attractive groups in the market. especially after the recent pullback. highest commodity prices could boost renewables as well since it makes them cheaper in comparison. meantime, supporting legislation sent an extension of the investment tax credit could also lift the group leslie by starting in the second half in the red across the board. >> we will see if we get any new reversion between those two spaces in the second half of the year. for now, very clear winners and loggers. thanks. appreciate it. speaking of the market volatility, we open in the red. >> in the green. >> opened the green. futures were in the red opened in the green, now back in the green. it is just a matter of low liquidity levels. >> it is ism numbers, shortfall and new orders. that is
valero, exxon and burton, all of around 40%. but clean energy names like sun run, cenote, sonoma, lithium americas, and pleasant power, all sharply lowered. analysts remain bullish. thanks to tight fundamentals. j.p. morgan, saying today that oil and gas stocks are the most attractive groups in the market. especially after the recent pullback. highest commodity prices could boost renewables as well since it makes them cheaper in comparison. meantime, supporting legislation sent an extension of...
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another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what's been said in the past and santa clara county for similar crimes and we want our community members to be safe in their own homes. and we want these folks to remain incarcerated when they need to be police don't believe the suspect stopped a home invasions. they believe they were involved in other burglaries in violent crimes. anyone with information that might help investigators is asked to contact the san jose police department reporting the newsroom. i'm rob nesbitt kron. 4 news. >> it's 5. 52 2 teenagers were hospitalized after they were shot when their car ran out of gas and union city. it happened tuesday night. the teenagers were pushing their car on their way to a gas station on whipple
another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what's been said in the past and santa clara county for similar crimes and we want our community...
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Jul 1, 2022
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another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1 call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what has been said in the past and santa clara county for similar crimes and we want our community members to be safe in their own homes. and we want these folks to remain incarcerated when they need to be police don't believe the suspect stopped at home invasions. they believe they were involved and other burglaries in violent crimes. anyone with information that might help investigators is asked to contact the san jose police department reporting the newsroom. i'm rob nesbitt kron. 4 news. >> 4 36, 2 teenagers have been hospitalized now after being shot when their car ran out of gas in union city. police say it happened tuesday night when the teenagers are trying to push their car to a gas station
another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1 call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what has been said in the past and santa clara county for similar crimes and we want our community...
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Jul 1, 2022
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another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what's been said in the past and santa clara county for similar crimes and we want our community members to be safe in their own homes. and we want these folks to remain incarcerated when they need to be police don't believe the suspect stopped at home invasions. they believe they were involved in other burglaries in violent crimes. anyone with information that might help investigators is asked to contact the san jose police department. >> reporting in the newsroom. i'm rob nesbitt kron. 4 news. >> 2 teenagers are hospitalized after being shot when their car ran out of gas in union city. police say it happened tuesday night. the teenagers had been trying to push the car to a gas station on what road
another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what's been said in the past and santa clara county for similar crimes and we want our community...
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Jul 1, 2022
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another violent home invasion, that home invasion happened on june 7rh at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what's been said in the past and santa clara county for similar crimes and we want our community members to be safe in their own homes. and we want these folks to remain incarcerated when they need to be police don't believe the suspect stopped a home invasions. they believe they were involved in other burglaries in violent crimes. anyone with information that might help investigators is asked to contact the san jose police department reporting the newsroom. i'm rob nesbitt kron. 4 news. >> for your health the fda is formally recommended an update to the covid vaccines to protect against strains of the omicron variant. these updated vaccines could be used as boosters. this fall and winter when a sur
another violent home invasion, that home invasion happened on june 7rh at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what's been said in the past and santa clara county for similar crimes and we want our community...
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Jul 1, 2022
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another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what has been said in the past and santa clara county for similar crimes and we want our community members to be safe in their own homes. and we want these folks to remain incarcerated when they need to be police don't believe the suspect stopped a home invasions. they believe they were involved in other burglaries in violent crimes. anyone with information that might help investigators is asked to contact the san jose police department reporting the newsroom. i'm rob nesbitt kron. 4 news. >> 2 teenagers are in the hospital. they were shot when their car ran out of gas and union city just before 10 o'clock on tuesday night, the teens were with a group attempting to push the vehicle to a gas station.
another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what has been said in the past and santa clara county for similar crimes and we want our community...
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Jul 1, 2022
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another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what has been said in the past and santa clara county for similar crimes and we want our community members to be safe in their own homes. and we want these folks to remain incarcerated when they need to be. police don't think the suspects stopped at home invasions. they believe they were involved in more burglaries in violent crimes. >> anyone with information that could help investigators can contact the san jose police department live in studio. i'm rob nesbitt kron. 4 news. thank you, rob. newark. police have arrested a man accused of burglarizing several businesses over the past couple of months. last week. 26 year-old christian alvarez was booked on. >> 24 counts of commercial burglary in the n
another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1. call that eventually led to the 4 arrests. sergeant kim rio says the repeat offenders need to be held accountable with higher bales. what has been said in the past and santa clara county for similar crimes and we want our community...
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Jul 1, 2022
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another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1 call that eventually led to the 4 arrests. sergeant camarillo hopes the santa clara county da's office will work to prevent a repeat offense. they need to be held accountable. we need to have higher bales. they should not be on or city streets to victimize our community members. >> police don't think the suspects stopped at home invasions, but they believe they were involved in more burglaries and violent crimes. anyone with information that could help investigators and contact the san jose police department live in studio. i'm rob nesbitt kron. 4 news. >> thank you, rob. coming up, how local pharmacies are responding to the high demand for emergency contraceptives. plus, details first black woman to be welcomed to serve on our nation's highest ranking court. temperatures cool around the bay area today. but what about a little pre
another violent home invasion, that home invasion happened on june 7th at an elderly couple's home on valero drive. police say men's ana juan mendez held the couple at gunpoint while violently assaulting them. one of the victims managed to get away and make a 9-1-1 call that eventually led to the 4 arrests. sergeant camarillo hopes the santa clara county da's office will work to prevent a repeat offense. they need to be held accountable. we need to have higher bales. they should not be on or...
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Jun 29, 2022
06/22
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is the worst performing sector today with significant drops for names like devin energy, occidental, valero and marathon oil coming up we'll hear highlights from sara's panel with wells fargo ceo charles scharf including whether the u.s. is heading to a recession and his latest read on the housing ma market jerome powell vowing to fight inflation speaking at the european central bank forum earlier today saying the biggest risk to the economy would be to fail to restore price stability but a soft landing still possible >> we think there are pathways for us to achieve that, to achieve the path back to 2% inflation while still retaining and sustaining a strong labor market we can do that that is our aim. there's no guarantee we can do that it's something that is going to be quite challenging >> joining us now from jeffrey's, david, how are you feeling now about the markets and about the fed's chances of this soft landing? i mean, he's not saying i feel really confident we can do it but maybe. we're still hoping >> yeah, i think his message has been very steadfast and i don't think there's much
is the worst performing sector today with significant drops for names like devin energy, occidental, valero and marathon oil coming up we'll hear highlights from sara's panel with wells fargo ceo charles scharf including whether the u.s. is heading to a recession and his latest read on the housing ma market jerome powell vowing to fight inflation speaking at the european central bank forum earlier today saying the biggest risk to the economy would be to fail to restore price stability but a...
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Jun 29, 2022
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quickly on your stock pick i see valero i see salesforce everything's been tough. >> the balance of growth and value here growth stocks tend to perform well during periods of slowing economic growth, which is what you expect we're not talking about conceptual companies these are solid companies like salesforce and cloud computing and we like energy, tight supply demand still isn't back at 2019 levels valero tend to benefit as more barrels come out of the ground and also the spr reserve should expire in october. all that is positive for energy. >> it is shockingly high, astronomically high in a name in that space thank you for your time. appreciate it. >>> meantime, nato leaders are in spain for one of the most consequential meeting in their 79-year history. it's already having a major impact on global defense spending look at lockheed and raytheon, significantly out performing the market northrup is up almost 20%. kayla. >> reporter: kelly, allied countries are bolstering their defenses against russia, which they've now officially declared as the most significant threat to the transatlanti
quickly on your stock pick i see valero i see salesforce everything's been tough. >> the balance of growth and value here growth stocks tend to perform well during periods of slowing economic growth, which is what you expect we're not talking about conceptual companies these are solid companies like salesforce and cloud computing and we like energy, tight supply demand still isn't back at 2019 levels valero tend to benefit as more barrels come out of the ground and also the spr reserve...
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Jun 27, 2022
06/22
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and we're just shy of that right now and about a third of a percent decline and the nasdaq down 0.75 valero and deafon up about 7% and marathon up about four the cruise stocks are some of the worst performers, royal, norwegian and carnival down 1% the nasdaq more than 28% off the major averages are coming off a sharp bounce the dow is up about 6% since its intraday june 17th low the s&p has gained 8%, and june 16th intra-day low well now to the market it's got more to prove than this is just a fleeting snapback and our next guest says he expects a 10% rally this summer led mostly by tech sector barry manster from stifel. on what are you bearing your prediction >> sentiment was very washed out. we wrote a report last week calling for this 10% bounce to 41.50 in the s&p i could see something closer to the mid 4,000 range and that would be close to 14,000 nasdaq and we're 5% below the street's estimates and it's a sentiment bounceback as people feel like peak fed, peak tightening was already priced into the real yields of the treasurys and that's what compresses the price-earnings ratio is tho
and we're just shy of that right now and about a third of a percent decline and the nasdaq down 0.75 valero and deafon up about 7% and marathon up about four the cruise stocks are some of the worst performers, royal, norwegian and carnival down 1% the nasdaq more than 28% off the major averages are coming off a sharp bounce the dow is up about 6% since its intraday june 17th low the s&p has gained 8%, and june 16th intra-day low well now to the market it's got more to prove than this is...
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Jun 24, 2022
06/22
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progress is now stopped on a brush fire burning in court do near the valero oil refinery. that fire burned just 10 acres. still ahead in this hour, the suspect in a san francisco shooting now behind bars. the breaks in room in the investigation. and good workers take to the streets protesting and calling for better can >> in the south bay rideshare drivers rallied outside the lift hub to demand increased safety while on the job. they also want to form a union. the rally was held by a group called gig workers and they're working to push back against alleged pressure to work longer hours. drivers also demanding that companies provide adequate support in compensation to family members. if workers are killed on the job. >> we're fighting every day to protect our workers and our working families so that they have better benefits, have better pay. but never did. i think we would have to ask our companies to protect their workers so that they don't die on the job. >> the group released a report in april that found over 50 app workers were killed from 2017 to 2021. next at noon, m
progress is now stopped on a brush fire burning in court do near the valero oil refinery. that fire burned just 10 acres. still ahead in this hour, the suspect in a san francisco shooting now behind bars. the breaks in room in the investigation. and good workers take to the streets protesting and calling for better can >> in the south bay rideshare drivers rallied outside the lift hub to demand increased safety while on the job. they also want to form a union. the rally was held by a...
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Jun 24, 2022
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forward progress was stopped on a brush fire that was burning in according the raw dough right near the valero refinery that fire burned about 10 acres. >> good news for our riders. they plan to reopen the track between concord and pleasant hill today. as you know, we've been reporting it's been closed since tuesday because of the triple digit heat that actually caused the metal to bend and a train ended up derailing and that closure of the track has led to delays for east bay riders for a couple of days. but we're hoping that you are not delayed today. stanford university says they have partial power back on the main that some progress there because they've been without power since tuesday when the edgewood fire started burning in san mateo county. stanford expect to have full power by this weekend, but because they're still only a half classes are canceled again for today. they expect to resume monday at the earliest. and this weekend's big soccer match between the san jose earthquakes in the la galaxy was supposed to be a stand for that canceled because the power outage. it has been resched
forward progress was stopped on a brush fire that was burning in according the raw dough right near the valero refinery that fire burned about 10 acres. >> good news for our riders. they plan to reopen the track between concord and pleasant hill today. as you know, we've been reporting it's been closed since tuesday because of the triple digit heat that actually caused the metal to bend and a train ended up derailing and that closure of the track has led to delays for east bay riders for...
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Jun 24, 2022
06/22
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near by for progress has been stopped now on a brush fire that was burning in dorado right near the valero oil refinery. that fire has burned 10 acres so far. it's interesting to see the fast motion video. you know, it shows you, sir, the progression of these fires. >> as for bart riders, the agency says it plans to reopen the track between concord and pleasant hill today that track we've told you about. that's been closed since tuesday because a triple digit temperatures that caused part of the track to bend and then a train derailed to the closure of the track has led to delays for riders in the east bay. stanford university says they have partial power back now on their main campus. they've been without power since tuesday when the edgewood fire started in san mateo county. the university expects to have full power restored by this weekend. classes are canceled again for today. they hope to resume classes on monday. this match that they had a sports match has been canceled because of stands up. sanford power outage. so if that's been rescsepmber 24th. so no at, you know, official activi
near by for progress has been stopped now on a brush fire that was burning in dorado right near the valero oil refinery. that fire has burned 10 acres so far. it's interesting to see the fast motion video. you know, it shows you, sir, the progression of these fires. >> as for bart riders, the agency says it plans to reopen the track between concord and pleasant hill today that track we've told you about. that's been closed since tuesday because a triple digit temperatures that caused part...
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Jun 24, 2022
06/22
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that's near the valero oil refinery. the fire burned 10 acres. now crews will remain on scene for the next couple of hours to make sure it does not spark again. we have video of the tesla fire burning in far east alameda county. the fire is going to 300 acres. it's 10% contained. cal fire's initial report says a car crashed into a tree and that's how that fire began. cal fire says crews were at the scene overnight and the agency will sit in new crews this morning to take over for the day. well, a tragic story. oakland police are searching for the driver who killed a father and a hit and run the crash happening in front of his children. well, the crash happened last thursday night at the intersection, a 14th and jefferson by oakland city hall. oh, wow. the victim was riding his bike with his 2 young kids following behind him when he entered that crosswalk and the suspect hits them and you can see it high rate speed. obviously we're not going to show that impact. the victim was taken to the hospital where he later died. now the victim has been iden
that's near the valero oil refinery. the fire burned 10 acres. now crews will remain on scene for the next couple of hours to make sure it does not spark again. we have video of the tesla fire burning in far east alameda county. the fire is going to 300 acres. it's 10% contained. cal fire's initial report says a car crashed into a tree and that's how that fire began. cal fire says crews were at the scene overnight and the agency will sit in new crews this morning to take over for the day. well,...
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Jun 24, 2022
06/22
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forward, progress has been stopped a brush fire there that started this afternoon in the do area near the valero oil refinery. 10 acres burned. their cruise again are going to remain on scene, of course, to make sure you don't have any hot spots that flare up again and we'll be monitoring all these fires for you and bring you the latest details as we get them for now. we'll send it back to you can impact. all right. grant, thank you for that. and now taking a live look outside over san francisco. it's a sparkly night but wish or hope and there's some fall. kai and the clouds, even though we don't see it. and this picks him a breeze. rodriguez standing by with what's going on out there. recent. >> yeah, karl is definitely out there. don't worry. just tell everyone on golden gate bridge pretty socked in this evening along the coast. but don't worry, inland valleys. you're going to feel that relief tonight with karl. the fog extending inland during the overnight hours. let's take a look at current fire conditions out there right now near where that tesla fires burning near livermore and also that f
forward, progress has been stopped a brush fire there that started this afternoon in the do area near the valero oil refinery. 10 acres burned. their cruise again are going to remain on scene, of course, to make sure you don't have any hot spots that flare up again and we'll be monitoring all these fires for you and bring you the latest details as we get them for now. we'll send it back to you can impact. all right. grant, thank you for that. and now taking a live look outside over san...
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Jun 24, 2022
06/22
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about 10 -- valero oil refinery. about 10 acres of grass were burned and firefighters are still on the scene. >> in solano county, eight fire burned 26 acres near vacaville. firefighters have an 80% contained and are staying on sink to mop up hotspots. they stage to rescue a cat from a tree. you can see a number of firefighters. they are gathered around. one of them grabbed the ca andt. the cat was taken to a vet to be checked out. >> as these fires burned, we sent out multiple breaking news letters, like this one through the abc7news app. downloaded to help you stay safe wherever you live. >> this just in, the senate has passed a bipartisan bill the white house because one of the most significant steps congress has taken to reduce gun violence in decades. the boat just hours ago led to celebration on the senate floor. earlier in the day, 15 republican senators, including mitch mcconnell, joined our democrats to break a filibuster on the bill. it would enhance background checks for anyone 18-21 years old who tries to
about 10 -- valero oil refinery. about 10 acres of grass were burned and firefighters are still on the scene. >> in solano county, eight fire burned 26 acres near vacaville. firefighters have an 80% contained and are staying on sink to mop up hotspots. they stage to rescue a cat from a tree. you can see a number of firefighters. they are gathered around. one of them grabbed the ca andt. the cat was taken to a vet to be checked out. >> as these fires burned, we sent out multiple...
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Jun 24, 2022
06/22
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progress has been stopped on a brush fire that broke out this afternoon in do that's near the valero oil refinery. the fire burned about 10 acres. crews will remain on the scene for that for the next couple of hours to make sure that as well does not spark up again. of course, we'll continue to monitor all of these fires and bring you the latest as they come in grant. vicki, back to you. thank can obviously whether a key factor in all of this as we take a live look. >> outside tonight, san francisco international and fortunately that fog has worked its way back in, but we need it to keep going further east. and that >> kron four's at meteorologist mabrisa rodriguez here nodding. i know you're a big fan of karl. the is it going to help elsewhere inland? yeah, he's going to make its way all the way into the inland valleys through tonight. so help is on the way. thanks to call. he's not only cooling us down along the coast, but even for inland valleys going to provide some much needed moisture, help firefighters with those pop-up flare up. so we're tracking cooler temperatures increase
progress has been stopped on a brush fire that broke out this afternoon in do that's near the valero oil refinery. the fire burned about 10 acres. crews will remain on the scene for that for the next couple of hours to make sure that as well does not spark up again. of course, we'll continue to monitor all of these fires and bring you the latest as they come in grant. vicki, back to you. thank can obviously whether a key factor in all of this as we take a live look. >> outside tonight,...
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Jun 24, 2022
06/22
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it took place near the valero oil refinery where interstates 6, 87, 80 me that fire burned about 10 acres. crews will stay there for the next few hours to make sure it does not spark up again. and we're also monitoring what their calling the tesla fire in alameda county. it's off tesla road and coral hollow road between pleasanton and tracy. it's about 100 acres. this fire does not appear to be threatening any buildings at this time. no word yet on containment levels. there will continue to keep an eye on all of these other fires and bring you the latest details as we get to panic. and for now, back to you. all right, grant, thank you. let's check in on the weather conditions tonight. it was a warm day today and hopefully things are cooling off tonight. we see a little fog that always is a good sign yet. but a different situation in different different locations where these fires are burning incident. yeah, and no surprise that they happen in our warmest driest inland valley. certainly not along the coast are. we're starting to notice that marine layer. >> finally making an appearance, bu
it took place near the valero oil refinery where interstates 6, 87, 80 me that fire burned about 10 acres. crews will stay there for the next few hours to make sure it does not spark up again. and we're also monitoring what their calling the tesla fire in alameda county. it's off tesla road and coral hollow road between pleasanton and tracy. it's about 100 acres. this fire does not appear to be threatening any buildings at this time. no word yet on containment levels. there will continue to...
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Jun 24, 2022
06/22
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a do which is near the valero oil refinery. of course, that makes it in a particular area of concern. as of right now, though, evacuation orders have not been issued for that area. we will continue to monitor the situation and we'll, of course bring you the latest. so let's check in on what's happening with our abry 7th biggest standing by weather. always a concern when there's this much going on in the fire department to yeah, especially when you mix in hot, dry and windy conditions, just a recipe for fire danger. and that's exactly what we're seeing right now. so >> let's break down each fire with current conditions near where that crockett fires burning 84 degrees. but fortunately, relative humidity flirting with that 80th percentile range, even though you are seeing dry, offshore breezes with gusts upwards of 20 miles per hour or less. and with vacaville near triple digit heat, even at the 6 o'clock hour, relative humidity down to 18% as a result. fortunately wind speeds not that gusty, in fact, breezy 30 mile per hour sust
a do which is near the valero oil refinery. of course, that makes it in a particular area of concern. as of right now, though, evacuation orders have not been issued for that area. we will continue to monitor the situation and we'll, of course bring you the latest. so let's check in on what's happening with our abry 7th biggest standing by weather. always a concern when there's this much going on in the fire department to yeah, especially when you mix in hot, dry and windy conditions, just a...
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Jun 24, 2022
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the pleasanton area, northern vacaville and been nation near the valero refinery. good news, though, is that forward? progress has been stopped in the fire in pleasanton and also the one in vacaville. thanks so much for watching tonight. i'm vicki liviakis and i'm grant lotus an extremely busy day for firefighters, of course, will begin with the fire burning in the sun knoll area. >> near pleasanton where firefighters now have that fire. they say under control. it has already ripped through some 65 acres, though and destroyed one structure. unclear if that's a home or an outbuilding again for progress has been stops. that is good. evacuation orders, though, are still in effect for that fire, which started just before 3 o'clock today. and we mentioned that there are evacuation orders in place. so here's a map of where those orders are taking place. residents in the kill care road area of seminole. >> as well as the golden eagle estates in pleasanton, they're being told to leave right now and head we will continue to bring you the latest updates on this particular fi
the pleasanton area, northern vacaville and been nation near the valero refinery. good news, though, is that forward? progress has been stopped in the fire in pleasanton and also the one in vacaville. thanks so much for watching tonight. i'm vicki liviakis and i'm grant lotus an extremely busy day for firefighters, of course, will begin with the fire burning in the sun knoll area. >> near pleasanton where firefighters now have that fire. they say under control. it has already ripped...
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Jun 24, 2022
06/22
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this one was burning near the valero refinery. we did see flames burning in a grass area near a parking lot. that's problematic. this one could have actually been started by embers from the fire across the way. it's not far away. we are waiting on official confirmation. that's always a risk when you have a fire moving and burning not too far away. this is a closer look athat fire. firefighters are making progress and knocking it down. a lot of firefighters were on ladders and using hoses. this is a live look at the m mop-up efforts continuing on. firefighters making sure nothing burns. there's a lot of infrastructure and the refinery nearby. that poses its own risks. we are waiting on official word of how this fire started. >> that brush fire, once again, this is a community near crock et. better scene than a 30 minutes ago. we will stay on this shot. this is the second fire that crews are working on. they are trying to hit that area because that refinery in a dangerous situation potentially. they are getting that under control. d
this one was burning near the valero refinery. we did see flames burning in a grass area near a parking lot. that's problematic. this one could have actually been started by embers from the fire across the way. it's not far away. we are waiting on official confirmation. that's always a risk when you have a fire moving and burning not too far away. this is a closer look athat fire. firefighters are making progress and knocking it down. a lot of firefighters were on ladders and using hoses. this...
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Jun 24, 2022
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progress on that fire has also been stopped to alarm ground fire broke out on dorado right near the valero refinery and a larger fire broke out import costume that burned about 50 acres and at this point is not fully contained. and that is where we find kgb is elissa harrington. with the latest melissa. at one point there was so much smoke in the air and it was coming from the fire burning here. acosta and also the one of the nation that you just mentioned, so firefighters certainly very busy day. now i did get an update that cost a has been given the all clear. that means there is no evacuation warning and people who did choose to leave. and home. firefighters are still battling these flames and people should be prepared if this change crews out all night. just putting in the work and be sure that we're putting out all the hotspots inspire and again. we just always encouraged whether it's more cost a crocket. another is gone. be prepared at all times were functioning and barry in california, anywhere. um there's a place where wildfire got and you just really want to be prepared at any tim
progress on that fire has also been stopped to alarm ground fire broke out on dorado right near the valero refinery and a larger fire broke out import costume that burned about 50 acres and at this point is not fully contained. and that is where we find kgb is elissa harrington. with the latest melissa. at one point there was so much smoke in the air and it was coming from the fire burning here. acosta and also the one of the nation that you just mentioned, so firefighters certainly very busy...
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Jun 23, 2022
06/22
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commitment to bringing down inflation and oil prices in focus pulling back down about 1% and that's sending valero down 8% and halliburton shares down 6% and chevron up more than 4% >>> all right, we start with tesla and questions about its growth ceo elon musk warning that tesla's new factories are, quote, losing billions of dollars. the comments were made during a late-may interview that are just now coming to light, ramping up new factories is, of course, a cash-heavy business. tesla shares are down 30% so far this year all while musk could potentially buy twitter. here to discuss tesla's road ahead is colin rush, research analyst at oppenheimer he maintains a buy rating and a price target of $191, and tim higgins and a cnbc contributor tim, why did this -- did these quotes about the hemorrhaging cash take so long to come out? >> they doled it out as slowly as they did. i think their idea was they were more interested in the excitement of products and this isa side note that that's why they're curious about what's going on and austin could become the next manufacturing helm which hurt tesla in
commitment to bringing down inflation and oil prices in focus pulling back down about 1% and that's sending valero down 8% and halliburton shares down 6% and chevron up more than 4% >>> all right, we start with tesla and questions about its growth ceo elon musk warning that tesla's new factories are, quote, losing billions of dollars. the comments were made during a late-may interview that are just now coming to light, ramping up new factories is, of course, a cash-heavy business....
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Jun 17, 2022
06/22
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in cupertino, $5.99 at the valero. folks in san leandro, $5.99 at superior gas on washington avenue. and in alameda, park street, $6.07. that's the only what we have today over six dollars but i'm sure you could find a lot of those around the bay. back to you. >>> 6:12. fears of another recession continue to grow pick still ahead on today in the bay, we talk with the chief economist at bank of the west about how to protect your finances. >>> are you ready? >> i ready. >> the real question is, are you ready? drake surprising ta 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.™ (music throughout) >>>
in cupertino, $5.99 at the valero. folks in san leandro, $5.99 at superior gas on washington avenue. and in alameda, park street, $6.07. that's the only what we have today over six dollars but i'm sure you could find a lot of those around the bay. back to you. >>> 6:12. fears of another recession continue to grow pick still ahead on today in the bay, we talk with the chief economist at bank of the west about how to protect your finances. >>> are you ready? >> i ready....
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Jun 16, 2022
06/22
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. >> mike, some of the names getting hit the hardest, valero, marathon, diamond back some of the refiners are under a lot of pressure. it feels like this group of stocks may be starting to worry about a slowdown but oil prices remain high. >> these are stocks, people are selling stocks and these are part of the indexes. what pippa mentioned about that margin of outperformance against the rest of the market, usually that's not something that can be sustained very long. bear markets don't leave you an easy place to hide like that on the other hand there is some concern that demand destruction is a growing risk and so therefore you don't want to extrapolate the earnings in cash flows they have had. it still looks like a correction and very strong trending for the stocks. >> does it mean we've seen the top for these stocks >> new york city i don't think so it's a very stiff correction but at this point i wouldn't call it over. >> stocks are down sharply here into the close show you what's happening. the low was down 928 on the dow. we're down a little more than 700, 833 right now ben emmons j
. >> mike, some of the names getting hit the hardest, valero, marathon, diamond back some of the refiners are under a lot of pressure. it feels like this group of stocks may be starting to worry about a slowdown but oil prices remain high. >> these are stocks, people are selling stocks and these are part of the indexes. what pippa mentioned about that margin of outperformance against the rest of the market, usually that's not something that can be sustained very long. bear markets...
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Jun 15, 2022
06/22
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the president wrote letters to executives marathon petroleum valero energy at exxonmobil. the letter is also being sent to chevron phillips 66 shell. in the letter, the president said the companies are taking advantage of the crisis when american families are struggling as inflation soars. part of this story. it has been one year since the state of california fully reopened from tough covid-19 restrictions. the state made the decision to reopen for business when covid-19 infections and hospitalizations dropped. now at the time, nearly half of all californians were considered fully vaccinated. now that number is more than 70% and since then we have gone through several more covid surges shortly after the reopening a spike in infections let many communities to reinstate their mask mandates and months later, some of the most contagious variants arrived. in the bay area. and happening now a panel of doctors with the food and drug administration expected to approve the covid vaccine for the youngest americans as soon as today. ktvu sally rasmus is here to explain how those shot
the president wrote letters to executives marathon petroleum valero energy at exxonmobil. the letter is also being sent to chevron phillips 66 shell. in the letter, the president said the companies are taking advantage of the crisis when american families are struggling as inflation soars. part of this story. it has been one year since the state of california fully reopened from tough covid-19 restrictions. the state made the decision to reopen for business when covid-19 infections and...
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Jun 15, 2022
06/22
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the president said in the request to the ceos of marathon, valero, exxonmobil, phillips 66, chevron, bp, shell, exxon responded saying they have been in contact with the administration updating the president on how. real quick, we have been monitoring the white house press briefing and something that just crossed and this pertains to oil, the white house saying that president biden is willing to use the defense production act if it could help oil refining capacity. so that is a new move from the white house and from president biden. now, remember the white house is also -- you know, president biden's going to be heading to saudi arabia, and john kirby, from the defense department said about a half hour ago basically that they are going to be talking about energy and oil production. all right. it's not just gas prices that are rising. the fed's rate hike today will have a very real impact on main street. gerri willis live in new york city with more. >> hi there, cheryl. that's right. jpmorgan chase behind me here, fifth third bank in cincinnati, they are already raising their prime ra
the president said in the request to the ceos of marathon, valero, exxonmobil, phillips 66, chevron, bp, shell, exxon responded saying they have been in contact with the administration updating the president on how. real quick, we have been monitoring the white house press briefing and something that just crossed and this pertains to oil, the white house saying that president biden is willing to use the defense production act if it could help oil refining capacity. so that is a new move from...
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Jun 15, 2022
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the refineries are -- the valeros of the world are making incredible profits that's because there are very few of them and can kind of go with the world price i understand why government would be upset >> nat gas yesterday, second worst day in history have to go back to '07 to see another 16%-plus drop, but our benefit is the europeans' problem. >> they needed that. this is the liquid trains, liquefied natural gas. >> two main exporters of lng freeport and shaneer freeport is a private company but enormous complex down there in texas >> don't forget semper is very good >> but it represents a lot of our export -- percent of our exported natural gas under carl's point yesterday i was like, wait a second, why is it going down but it drives the price down here but it's another problem for europe to a certain extent because this all gets exported they're having the delays far more than they thought it was three weeks originally. now they're talking months >> everybody's running everything 102%. we know from history when you run them like that things go wrong. and i think that that's just w
the refineries are -- the valeros of the world are making incredible profits that's because there are very few of them and can kind of go with the world price i understand why government would be upset >> nat gas yesterday, second worst day in history have to go back to '07 to see another 16%-plus drop, but our benefit is the europeans' problem. >> they needed that. this is the liquid trains, liquefied natural gas. >> two main exporters of lng freeport and shaneer freeport is...
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Jun 15, 2022
06/22
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he called on exxon mobile and valero. joining me right now texas congressman, alex fluger, congressman, thank you very much for being here. what do you make of the president now turning it on the oil companies. first it was this president and this administration continuing to push for this climate agenda and telling everyone to end fossil fuel investments. now he's blaming the oil companies for this inflation. >> well, it's a classic show game of flipping the narrative, at least trying to. the mesh public is not buy -- the american public is not buying it. we have record inflation as you previously said on the show. we all know it's not just 9,000 leases. we need 90,000 leases. the oil companies have asked him to approve pipelines and infrastructure and we have been asking to make sure regulatory environment is predictable and to go to places like russia and venezuela and now ahead of his travel to saudi arabia to know that he's going to be asking another foreign country to produce what we can do right here is incredible
he called on exxon mobile and valero. joining me right now texas congressman, alex fluger, congressman, thank you very much for being here. what do you make of the president now turning it on the oil companies. first it was this president and this administration continuing to push for this climate agenda and telling everyone to end fossil fuel investments. now he's blaming the oil companies for this inflation. >> well, it's a classic show game of flipping the narrative, at least trying...
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Jun 13, 2022
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smucker's and valero and domino's pizza keep it right here we are back with "worldwide exchange" after this break that occur in their lives. for them it's the biggest milestone, the biggest accomplishment, the sale of a business, or an important event for their family. for them, it's the first and only time. we have seen this literally thousands of times, in thousands of iteratio ♪ ♪ i am vince lumia, head of field management at morgan stanley. whether that's retirement, paying for their children's college education, or their son or daughter getting married, our financial advisors need to make sure that they are making objective decisions, every step along the way. every time you hit a milestone, an anniversary, a life event, the emotions will run high. making sure that you have somebody, a team of individuals that have seen it before, have seen every circumstance and seen every challenge, and have your back when you need it most, is one of the most valuable things a financial advisor could provide to a family. i am vince lumia and we are morgan stanley. (vo) get verizon business u
smucker's and valero and domino's pizza keep it right here we are back with "worldwide exchange" after this break that occur in their lives. for them it's the biggest milestone, the biggest accomplishment, the sale of a business, or an important event for their family. for them, it's the first and only time. we have seen this literally thousands of times, in thousands of iteratio ♪ ♪ i am vince lumia, head of field management at morgan stanley. whether that's retirement, paying...
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Jun 10, 2022
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in terms of individual names, look at occidental petroleum, also marathon oil, valero, each up almost 90% as well. even in a down market, there are still some areas showing some upside momentum. this is one of those situation that seems to be kind of uneed to what's been happening this year, given the inflationary narrative. >> yeah, i mean, dom, essentially anything you would define as momentum in this market is energy there's almost no other names that qualify on the other hand. pretty much all the charts you showed had a slight curl down. today energy is easing back a bit. it's one of those situations, you know, where we're wondering, you have to defer to the trend, but switch backs when things get this stretched should not be unexpected to. >> to your point, it maybe coincide also in the last few weeks or so, maybe a month or so with the increased chatter, right? that sentiment around that world recession. it certainty wasn't a base case talked about 6, 9, 12 months ago. a lot of folks are bringing in this possibility of, or it's not our base case, but could be a possibility discu
in terms of individual names, look at occidental petroleum, also marathon oil, valero, each up almost 90% as well. even in a down market, there are still some areas showing some upside momentum. this is one of those situation that seems to be kind of uneed to what's been happening this year, given the inflationary narrative. >> yeah, i mean, dom, essentially anything you would define as momentum in this market is energy there's almost no other names that qualify on the other hand. pretty...
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Jun 8, 2022
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in the form of valero, the prior high of 120. that was the summer of 2018. mpc the summer of 2018 85 bucks but these names, don't mistake it they are still in play >> pete, here's the weird thing about oil and gas stocks is that they may not be riding any kind of economic trend and i say that because when economies go down, investment in new capital spending may also go down and oil's all-time high adjusted inflation was 2008 oil stocks actually performed well as the rest of pretty much everything else dumped out but do you feel like we might get close to a top, or can oil stocks continue to run >> you know, they could pause here but i continue to be very long so i think they're going higher, sul ly as a matter of fact it seems everybody has whatever metrics they're using, but a lot of folks have been reaching out about 140 as the next level. it is? i don't know we'll find out pretty soon we got up to 120 before. we pulled back that's exactly what you want to see if you're look, whether it's a stock or in this case a commodity. but you want to see a little b
in the form of valero, the prior high of 120. that was the summer of 2018. mpc the summer of 2018 85 bucks but these names, don't mistake it they are still in play >> pete, here's the weird thing about oil and gas stocks is that they may not be riding any kind of economic trend and i say that because when economies go down, investment in new capital spending may also go down and oil's all-time high adjusted inflation was 2008 oil stocks actually performed well as the rest of pretty much...
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refiners valero, others have gone what i call eiffel towerrish. i'm not saying late in the game. in and around here they have to settle down, pull back, relax. but then again we're dealing with a commodity. if oil prices side to go to 150 howl bets are off how far the stocks can go. keep our fingers crossed we do not go to 150. charles: absolutely. david, on the other hand you're a value investor. only 18% tech is over 200 day. 17% of consumer discretion nary. hard to think of them this way but those are getting in your wheelhouse? >> some of those names, value in tech, even consumer discretionary. you you can laugh at some names i own. i own a cemetery company. >> there are 500 jokes ran through my mind but i won't say any of them. >> but the problem is, a lot of these companies in the technology space they have been cut in half. charles: right. >> if you were 300, had no bottom line at 30 you're not any better value. any number divided by zero is still infinity. you have to dig down. things companies have to have this time around. they have to be growing they have to be generat
refiners valero, others have gone what i call eiffel towerrish. i'm not saying late in the game. in and around here they have to settle down, pull back, relax. but then again we're dealing with a commodity. if oil prices side to go to 150 howl bets are off how far the stocks can go. keep our fingers crossed we do not go to 150. charles: absolutely. david, on the other hand you're a value investor. only 18% tech is over 200 day. 17% of consumer discretion nary. hard to think of them this way but...
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Jun 8, 2022
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. >> you have particular ideas like eqt the net gas producer the refiner of valero. you still like exxon and chevron. you say the most underappreciated stock istia near, why? >> you think about the impact they've had globally europe was in a lot of trouble to start the year because they were going to run out of natural gas potentially. 85% of the exports have helped refill the europe natural gas story, which is going to help brace europe to get through next winter in regards to natural gas. fundamentally what i like about it and the market is not appreciating it is the company can generate a significant amount of cash flow year after year after year and the free cash flow yield is double digits and that type of double digit free cash flow yield for that duration should not just be priced at what the current price is >> there you go. it is in the green today so is valero rob, we'll leave it there for now. we'll check back soon. and a 10-year note top of the hour go up for auction this is a biggy. rick, how did it go? what are yields doing? >> it was a nasty auction. d
. >> you have particular ideas like eqt the net gas producer the refiner of valero. you still like exxon and chevron. you say the most underappreciated stock istia near, why? >> you think about the impact they've had globally europe was in a lot of trouble to start the year because they were going to run out of natural gas potentially. 85% of the exports have helped refill the europe natural gas story, which is going to help brace europe to get through next winter in regards to...
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Jun 7, 2022
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natural gas and gasoline futures taking a breather today, up 10% or more on the month exxon mobil, valero, apa all with really nice gains today look at, that you've got apa corp. up almost 7% now to a vegas bet this is not a casino stock, but vici properties is a roeit witha big footprint on the las vegas strip, the biggest in fact the stock is trading near its all time high after it was announced late friday it's being added to the s&p 500 it has outperformed the benchmark in the past month, quarter, six months and for the year, and joining us now is vici's ceo edward pitoniak good to see you today. >> congratulations on being added to the s&p 500 i'm just curious what this does for your company in terms of exposure, what does it do in terms of access to capital, and what do you do with it >> yeah, it's really the latest chapter, contessa in what's been the institutionalization story that vici represents just over four years since our ipo we've grown markedly during that period our market cap when i first started was 4 billion. today it's over 30 we had a couple dozen properties, we're u
natural gas and gasoline futures taking a breather today, up 10% or more on the month exxon mobil, valero, apa all with really nice gains today look at, that you've got apa corp. up almost 7% now to a vegas bet this is not a casino stock, but vici properties is a roeit witha big footprint on the las vegas strip, the biggest in fact the stock is trading near its all time high after it was announced late friday it's being added to the s&p 500 it has outperformed the benchmark in the past...
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Jun 7, 2022
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i think you can buy them on any pull backs >> 52 week highs conoco phillips, marathon, valero, 66, apache jim, you have kinder more began. you don't own marathon >> sold it a few weeks ago, wish i held onto it it had done so well, i decided a bird in the hand is worth two in the bush i have kinder morgan, a nice dividend play to the natural gas discussion we were having, three quarters of their business is natural gas. i really like that one my sleeper for the next couple years is transocean. i will admit i bought it more as a trade, i think of supply demand imbalance, we'll be drilling everywhere. the rigs they have cold stacked are going to come out of cold stack. new builds honored get immediately put in production andat higher and rising day rate i like transocean. >> reminder, do not miss a new cnbc with david faber. june 22nd, 8:00 p.m. eastern time on cnbc. >>> a list of cheapest stocks in the market see if the committee thinks you should buy any of them you might be surprised by some of the names when we come back ♪ ♪ we all need a rock we can rely on. to be strong. to overcom
i think you can buy them on any pull backs >> 52 week highs conoco phillips, marathon, valero, 66, apache jim, you have kinder more began. you don't own marathon >> sold it a few weeks ago, wish i held onto it it had done so well, i decided a bird in the hand is worth two in the bush i have kinder morgan, a nice dividend play to the natural gas discussion we were having, three quarters of their business is natural gas. i really like that one my sleeper for the next couple years is...
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Jun 3, 2022
06/22
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right now, we are at the valero in san bruno where it looks like gas is 6.99 a gallon. i have only seen one gas station son somo and 4th that is higher than that. but 6.99 is what people can expect to pay here. according to both gas buddy and aaa, this is above the state average of 6.24. that average of 6.24, is it expected to stay? that is the question right now as nationwide gas prices have increased 52 cents just this month. right now, aaa says that national average is still above the state average but as of thursday, national average is 4.71 compared to the state average of 6.24. average of 6.50 in san francisco. there are a few factors contributing to the lack of falling prices. major one, experts at gas buddy say that ongoing conflict in ukraine continues to keep prices high because supply is down. with many folks wanting to hit the road for summer vacation, the relief may not be soon happening. >> i think we'll probably see 6.50 a gallon for an average here in the next week or so and prices could continue to march of higher. it's not impossible that, should we se
right now, we are at the valero in san bruno where it looks like gas is 6.99 a gallon. i have only seen one gas station son somo and 4th that is higher than that. but 6.99 is what people can expect to pay here. according to both gas buddy and aaa, this is above the state average of 6.24. that average of 6.24, is it expected to stay? that is the question right now as nationwide gas prices have increased 52 cents just this month. right now, aaa says that national average is still above the state...
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Jun 2, 2022
06/22
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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 spikes. if this was 2005, 2006, they would be fracking and drilling their heads off. they're not doing that because i think the signal from wall street is keep up the great work, guys, with the profit growth these are companies that many of which had been private co
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...
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Jun 1, 2022
06/22
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i like valero, too it is a company trying to do the right thing. refining is a dirty business i think the stock is going higher i'm sorry about the loss of your brother but you're doing the right thing for your family. jeremiah in florida. >> caller: long time listener. happy to be on the show today. a company that hit the 52-week high but last week the ceo sold 30,000 shares. diamond back energy. >> travis dice the ceo of diamond back energy is a visionary and it is an amazing company that is certainly welcome in anyone's portfolio. why don't we own it for the charitable trust we own almost every darn one wow! fang is a great company. that's a the new fang. a toerm i created. some may despise the oil and gas giants but the economy is dependent on them right now and got to embrace them if we get the price of gasoline down at the pump much more "mad money" and the exclusive with centennial 1. can they defend itself in the market i'm reviewing a few companies that might be worth buying if you take a long term view and the calls in the lightning round
i like valero, too it is a company trying to do the right thing. refining is a dirty business i think the stock is going higher i'm sorry about the loss of your brother but you're doing the right thing for your family. jeremiah in florida. >> caller: long time listener. happy to be on the show today. a company that hit the 52-week high but last week the ceo sold 30,000 shares. diamond back energy. >> travis dice the ceo of diamond back energy is a visionary and it is an amazing...
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May 31, 2022
05/22
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. >> well, as san francisco district district attorney's office is suing a valero man accused of illegally catching hundreds of dungeness crab in a marine protected area. so state department of fish and wildlife investigators say that they found more than 90 crab traps at north fairlawn island. state marine reserve officials say they traced those traps back to a man called 10:00am van tran. investigators say more than 250 dungeness crabs from those traps have since been released back into the ocean. former biotech entrepreneur elizabeth holmes has asked the judge to overturn her convictions on wire fraud charges in a 24 page filing her lawyers say that the evidence provided in the trial do not justify a guilty verdict. holmes is expected to be sentenced in late september with each of the charges she's facing carrying a maximum prison term of 20 years. she also has been fined a quarter of a million dollars. meantime, the trial for her former partner and boyfriend son abel, wanting is postponed now until june 7th. >> well, there's no longer any doubt because san francisco is seeing another r
. >> well, as san francisco district district attorney's office is suing a valero man accused of illegally catching hundreds of dungeness crab in a marine protected area. so state department of fish and wildlife investigators say that they found more than 90 crab traps at north fairlawn island. state marine reserve officials say they traced those traps back to a man called 10:00am van tran. investigators say more than 250 dungeness crabs from those traps have since been released back into...
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May 28, 2022
05/22
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that's in the valero area. and memorial day weekend is traditionally the start of the summer travel season. but with gas prices this high, the roads may not be as congested as they normally are. abc7 news reporter tim johns talked with bay area travelers today to get some insight into how the high cost of gas is affecting their plans. tim: the holiday weekend is now in full swing. and people around the bay area are taking to both the roads and skies ahead of memorial day. >> nopes are going to be much -- numbers are going to be much higher than they were last year and much higher than the year before. but we don't expect this to be -- it to be quite as busy as 2019. we are likely to beat 201 levels. tim: clint henderson is the managing editor of news for travel website the point sky. he says that even though air fares are sky high travelers are still buying tickets at a rapid pace. >> in general, we still got so much pent up demand from the past 2 1/2 years that so far were not -- we're not seeing a softening i
that's in the valero area. and memorial day weekend is traditionally the start of the summer travel season. but with gas prices this high, the roads may not be as congested as they normally are. abc7 news reporter tim johns talked with bay area travelers today to get some insight into how the high cost of gas is affecting their plans. tim: the holiday weekend is now in full swing. and people around the bay area are taking to both the roads and skies ahead of memorial day. >> nopes are...
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May 28, 2022
05/22
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that's in the valero area. and memorial day weekend is traditionally the start of the summer travel season. but with gas prices this high, the roads may not be as congested as they normally are. abc7 news reporter tim johns talked with bay area travelers today to get some insight into how the high cost of gas is affecting their plans. tim: the holiday weekend is now in full swing. and people around the bay area are taking to both the roads and skies ahead of memorial day. >> nopes are going to be much -- numbers are going to be much higher than they were last year and much higher than the year before. but we don't expect this to be -- it to be quite as busy as 2019. we are likely to beat 201 levels. tim: clint henderson is the managing editor of news for travel website the point sky. he says that even though air fares are sky high travelers are still buying tickets at a rapid pace. >> in general, we still got so much pent up demand from the past 2 1/2 years that so far were not -- we're not seeing a softening i
that's in the valero area. and memorial day weekend is traditionally the start of the summer travel season. but with gas prices this high, the roads may not be as congested as they normally are. abc7 news reporter tim johns talked with bay area travelers today to get some insight into how the high cost of gas is affecting their plans. tim: the holiday weekend is now in full swing. and people around the bay area are taking to both the roads and skies ahead of memorial day. >> nopes are...
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May 27, 2022
05/22
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natural gas pulling back currently down 2% and the energy sector keeps climbing since september 2014 and valero, diamondback and marathon petroleum hitting record highs pippa, thank you when it comes to energy, rising prices may not always lift all boats. our next guest says you have to know leverage for each company and that's the key to investing in the sector and scott nations is the founder of nation's chairs, scott. welcome. don't scare us too much. >> no. where do you think investors should and shoudn't be placing their money? >> there's nothing scary about energy lately. the xle today at a new 52-week high and it is up 60% year to date and it's not too late to invest in energy if you pay attention to -- one key leverage it's not a surprise that some of these energy names, because they're all capital intensive and it's wnot a surprise that some are more levered than others and the ones that are levered are doing the best year to date. ox dental is an equity ratio and the anadarko acquisition and they're also the best performer in the space and they're up more than 140% year to date let's
natural gas pulling back currently down 2% and the energy sector keeps climbing since september 2014 and valero, diamondback and marathon petroleum hitting record highs pippa, thank you when it comes to energy, rising prices may not always lift all boats. our next guest says you have to know leverage for each company and that's the key to investing in the sector and scott nations is the founder of nation's chairs, scott. welcome. don't scare us too much. >> no. where do you think...
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May 25, 2022
05/22
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. >> it's right behind you on the screen >> take a look at this, right, it is valero, occidental and phillips 66. each within the top five exxon is also in there five of the top ten top holdings >> are they in the s&p 500 or not necessarily? >> russell 1,000, screen them for the highest free cash flow yield. >> and soap the highest free cash flow yielding company would have the biggest percentage in the fund >> each is capped at 2%. >> he has all the answers and the best etf name ever >> listen to us on the power lunch podcast on your favorite ach. >> and watch "closing bell ". >> coming up right now >>> stocks are solidly higher with the nasdaq taking the lead for a change at session highs as we head to the close the most important hour of trading starts right now welcome to "closing bell." i'm mike santoli take a closer look at the markets. the s&p 500 now up 1% building on modest gains earlier in the last hour or so after the fed minutes from its last meeting a few weeks ago did hit. nothing new, hawkish seem
. >> it's right behind you on the screen >> take a look at this, right, it is valero, occidental and phillips 66. each within the top five exxon is also in there five of the top ten top holdings >> are they in the s&p 500 or not necessarily? >> russell 1,000, screen them for the highest free cash flow yield. >> and soap the highest free cash flow yielding company would have the biggest percentage in the fund >> each is capped at 2%. >> he has all...
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May 20, 2022
05/22
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the state cited valero 4 times for either knowingly violating the law or not taking reasonable steps to address a known hazard. cal osha is also citing 3 contractors for violations related to that death. the proposed fines or 1.7 million dollars in total. but there is portion of the proposed fines is just over $500,000. a group all workers in san jose state university students held a small protest at the westfield valley fair mall in santa clara. they're upset about parts of put in place earlier this year. the mall allows for 2 hours of free parking charging a dollar an hour after that. up to a max of $10 a day. all workers can pay $40 for a monthly pass. but demonstrators thursday said many of their fellow workers make minimum wage in are struggling to make ends meet. they want them all to end the new parking policy and provide woking. >> we're not done fighting for this issue. there's you know, the signs are behind me. it's it's definitely. inconvenience for not only the employees, but the shoppers, small business owners as well. >> kron four's reached out to the mall for comment o
the state cited valero 4 times for either knowingly violating the law or not taking reasonable steps to address a known hazard. cal osha is also citing 3 contractors for violations related to that death. the proposed fines or 1.7 million dollars in total. but there is portion of the proposed fines is just over $500,000. a group all workers in san jose state university students held a small protest at the westfield valley fair mall in santa clara. they're upset about parts of put in place...