Texas intermediate. Oil started dipping lower. We have nice market leaders. Pharmaceuticals have been strong all year. They are up. Bio tech stocks up. The problem is in the oil sector. All the names we see almost every day all down as we saw oil dropping into the 52 range right now. I want to show you what the problem is. People keep asking me should you buy Exploration Production stocks here . Look at eog. Big in the permian basin, bakkan. That stock is down 25 , almost 30 in the last few months. The numbers are plummeting almost every day. Right now in 2014 they are estimated to make 5. 32. The numbers for 2015 are down at the low threes. 40 decline in earnings. They are expecting the market earnings to drop 40 . The stock is only down 25 . People tell me on a relative basis is this still a buy right now . Id say to wait a little longer. Almost every day the numbers keep coming down. That is what makes it a little hesitant for me to say it is down 25 . Lets buy it. If you look at en
Are dismissing any citations where it is clear that pavement was received. The city turned off the reset button till it can come up with a solution. Stupidest thing. Stupidest thing. I have to stop parking here. He works downtown doesnt want to risk getting a ticket. He now parks across the street. Sounds like it is a stupid meter. Just, you know, you think we could perfect a parking meter. Right . A lot of frustration brewing here in downtown. If a driver fealties received a si feels they received a citation, the city will look at the pavement history and refund the money accordingly. In the meantime a frustrating experience. All right. Thank you. Last summer we reported about similar problems with the new meters in downtown walnut creek. Those meters use censors to signal when a vehicle leaves. But the censors too were tripped up by passing vehicles. Resetting the meeters and prompting officers to issue tickets. Officials say they have adjusted the censors. A plea for help in trying
Sector as well. Shares in sky moving ahead amid reports vivendi is eyeing a take over. The nikkei hits a 15 year high as the bank of japan maun tans maintains its massive spending program. Greek Prime Minister set to meet Vladimir Putin one week before athens is key to make a payment to the imf. Lets get straight to our top story this morning. Shares in bg group are soaring after the company agreed to a 47 billion pound takeover bid by shell. The merger is one of the biggest in a decade and comes amid the tumbling price of oil. Earlier our colleagues on squawk box europe spoke to the ceo of shell and asked him what prompted the deal. We have been looking at bg for a few years to be perfectly honest. Its a company we admire for the strength of its portfolio in integrated gas and these are the areas where we are strong at shell as well. It makes a lot of sense to put the two companies together and really accelerate dramatically the financial Growth Strategy of shell and at the same time
Flow of vital information. I agree with your point about whistleblower protections, but there are a range of different motives. There are spy, Robert Hanssen types. No sympathy for that. A lot of people leak because it makes them feel important. They are in the know, and it shows they are in the know. It makes them feel good to do that. I dont have much sympathy for that. I do have sympathy for an actual whistleblower. Were are instances where h have seen for the right reason they have gone to the press and laid out what a disagree with. Adont know that we can have system that allows every person asideide, but if you put that systemic issue, i understand where whistleblowers are coming from, and its incumbent on the government to have a process that allows whistleblowers to raise his or her concerns, get them heard, protect them from retaliation, and be confident if there is a need for change there will be congressional a committees. You say its broken now. I dont know if it ever becam
In the bill that says that cannot be used to demonstrate harm to National Security. That, to me, is an indication weve got a pretty good shot and if we can get applied to jims case, it would be efficient in keeping him out of jail. In terms of the National Security piece, another thing to remember is, every confidential security case. There are at least as many and perhaps more journalist who have been put in jail in civil litigation for money damages arriving out of claims against the u. S. Government. In the win ho lee case several years ago, there were six journalist held in contempt, including journalist from cbs, New York Times, washington post, and ap. One was held in contempt and subject to 5,000 a day penalties that she was not allowed to ask usa today to pay for her. She had an offer from her students to hold a bake sale so she could help pay her contempt fines, which i thought was charming but ineffective. She almost certainly would have been held in contempt and gone to pris