Chevrons earnings dropped 90 from a year ago. Exxons earnings were cut in half. And these two dow components saw their stock prices take a hit. Chevron was off nearly 5 . Exxon sank 4. 5 . And today crude prices continued their tumble settling down nearly 3 to 47. 12. The commodity is now down 21 this month. Its worst month since october of 2008. And that was the heart of the financial crisis. Jackie deangelis has more now on the pain in the oil patch. Reporter when big oil speaks, investors listen. What was said today was not encouraging. Exxon mobil reporting its worst quarterly profit in nearly 13 years. And chevron seeing its profits plunge triggered by impairments and charges, based on lower oil prices. Exxon noted that higher profit in refining couldnt offset losses in its upstream businesses. Thats the exploration and production side of things. Exxon making a move to conserve cash confined to the market but it doesnt expect to see a quick rebound in crude prices. The Company Pla
Chevrons earnings dropped 90 from a year ago. Exxons earnings were cut in half. And these two dow components saw their stock prices take a hit. Chevron was off nearly 5 . Exxon sank 4. 5 . And today crude prices continued their tumble settling down nearly 3 to 47. 12. The commodity is now down 21 this month. Its worst month since october of 2008. And that was the heart of the financial crisis. Jackie deangelis has more now on the pain in the oil patch. Reporter when big oil speaks, investors listen. What was said today was not encouraging. Exxon mobil reporting its worst quarterly profit in nearly 13 years. And chevron seeing its profits plunge triggered by impairments and charges, based on lower oil prices. Exxon noted that higher profit in refining couldnt offset losses in its upstream businesses. Thats the exploration and production side of things. Exxon making a move to conserve cash confined to the market but it doesnt expect to see a quick rebound in crude prices. The Company Pla
For continuance inadvertently the yosemite fish patch is continued was left off the calendar it is being continued indefinitely and will be renoticed for the benefit of the public further on your calendars commissioners item 15 for case on rosie after a discretionary review it has been withdrawn and will not be considered on todays agenda i have nothing further you might want to take Public Comment. On Public Comment no items proposed for continuance. Seeing none, Public Comment is closed. Thank you. Commissioners that place us under consideration of the definite minutes for july 16, 2015 i have i have no speaker cards. Okay. Any Public Comment on draft minutes . Seeing none, Public Comment is closed commissioner moore we received an email regarding is an omission on the minutes i didnt receive a copy of draft minutes myself and no notification i hope other commissioners Pay Attention to the email and just want to bring it to our attention. We checked that theyre on is july 2nd and 16
Oil still trudging below 43. Our road map begins with chinas ripple effects across the global markets. Was a secretive News Conference enough to stop the bleeding. Retail sales are rebounding. Some major Retail Stocks falling hard. More pain to come in the sector. Two stocks sinking on secondary offerings. How should investigators make those moves . Futures lower. China allowing is currency to weaken against the dollar for a Third Straight day. Cutting about i 1. 1. The Third Straight day of cuts as applies to markets. You sat here yesterday and said you like the setups and you saw what the dollar was doing. People are going to think these are okay. The dollar is back to being strong. Oil challenging 42. Those stocks were integral to the turn. Interest rates kind of doing nothing. The earnings other than cisco. The retail earnings directly in contrast to the retail sales number. You put macys and kohls together, you have to wonder what nordstrom is going to say. Yesterday was perfect.
Rubenstein i began to take on the life of being an interviewer, even though i have a day job. Of running a private equity firm. [rubenstein reading onscreen text] [ ] [inaudible dialogue] all right, you ready . Are we ready . Woman were ready. Ready . Okay. So were here with lloyd blankfein, who has been the chairman and ceo of Goldman Sachs for 10 years. And i dont think any of your predecessors in the last two decades stayed that long. Is that right . No, i dont think they stayed im sure it seemed that long, but they didnt stay that long. Lets talk about your early life if we could for a moment. You grew up in new york city. When you were growing up, you didnt have a lot of money. Was money anything you ever thought about when you were growing up as wanting to have a lot of money . What were you interested in when you were a young boy . I didnt think about money, because i went to school with other kids that were like us, and so i just didnt know what was i didnt know what i dont kno