Morning. Where oil prices could be headed next, in a moment. Shares of hewlettpackard enterprises rallying on a report this afternoon that private equity firms may be targeting it for a buyout. Well hear from the reporter that broke that story in a few minutes. Lets start with earnings trouble in the oil patch. Bob pisani, big misses for chevron, as well. Yeah. Enormous write down. The stock prices right to the actual numbers here. Exxon and chevron both reported much bigger missing than anticipated. In the case of chevron, reported an enormous write down. 2. 8 billion for projects just not economically viable at the current price of oil an apparently they dont think viable for a listening time to come if ever here. You see price reactions fairly modest. Let me explain the pickle a lot of Big Oil Companies are. And use exxon as an example. Cash flow 4. 5 billion. Care enough. The Capital Spending 5. 2 billion and the Capital Spending is more than the cash flow theyre getting. They have
Lets here from dr. Mark shown bou shownbound thanks for coming to the program. Thanks for having me. Is it real . It is reminded for people that do more than just biotech from the lows when the bull market started several years ago i think the seconder quadrupled or by some measured quinn tripled even half of a quinn truple is really good. Things cant go up that much forever, period. So theres that and then of course the drug pricing over hahang that was turned up last year when Hillary Clinton brought up the issue. Thats still there but were all sort of still getting used to it and incorporated into analysts numbers right now. Its not as much panic right now. What we have lacked this year is a major product cycle. Companies discovering new drugs for diseases that can sell a lot and especially drugs that wall street observers thought would fail. We havent seen a lot of that this year and thats what the space really, really needs and its not clear that were going to get that this year.
Donald trump days away from name mate. You know, donald trump understands the frustrations and the hopes of the American People like no other american leader in my lifetime since ronald reag and. Maria on the democratic side it is official Bernie Sanders giving endorsement to Hillary Clinton in a rally yesterday but the email scandal not going away. Loretta lynch dodges questions on capitol hill of the investigation into clinten oas private server. If you cant beat them, pay them, thats what fiat hacklers are doing after they were able to control moving jeep. Show you how you can become a ghost buster too. Joining me this morning fox business Dagen Mcdowell and kevin kelly and cat. Good to see you too. Maria how can be been in the last couple of days . Dagen excellent but good to be here. Kevin you are seeing bond market at alltime lows and stock markets at alltime high. We never see this. Maria we are learning for returns. Coming up this Morning International banker and former Prime M
Liz former secretary of state, senator celebrating achievement with bill clinton, daughter chelsea and family on stage in philadelphia, wrapping the dnc conventions with the scandals trying to put them in the Rearview Mirror but her republican opponent quick to remind everyone of those scandals the dncs problems and split in Democratic Party over Bernie Sanders. Donald trump virtually live tweeting. Weve got team fox business coverage peter barnes on the trail with hillary. Our Political Panel battling it out. How would she scare a pretty horrible Second Quarter growth number with her economic plan . On plan, on wall street, check it out. Messy oil trading and looming european stress test, investors cautious but the stock market is doing relatively well. Its friday, we made it, you guys. Lets start the countdown. Liz there is a lot of talk about chattering ceilings but the gdp did it today, can put a damper on the s p, the index hit lifetime high of 2175, at this hour looking for eight
Wage should be a living wage and no one working fulltime should have to raise their children in poverty, join us. In my first 100 days we will pass biggest investment since world war ii, Bernie Sanders and i will Work Together to make College Tuition free for the middle class and debt free for all. Charles this is cavuto coast to coast im Charles Payne for niel cavuto. Hillary clinton to sell the virtues of Big Government but gigantic government. President bill clinton listening to voters then, so is this the new age of Big Government, not only has it begun but is it now on steroids, the democratic strategist, lauren and mark serrano. Mark, let me start with you. We are in this as i would call welfare utopia. Most definitely, charles. Ralph, they have nothing on Hillary Clinton. If you like the soothing grandmotherly comfort of Government Solutions from cradle to grave then Hillary Clinton is your candidate. Whats very interesting about it, charles, she didnt pretend to be moderate, sh