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May 28, 2014
05/14
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KICU
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so this group of companies are mainly energy companies valero, phillips and eog resources. these companies rely on equipment and machinery to pull very pricey materials out of the ground. so when energy companies do well, these companies do well so that's the correlation of the industry which also has productivity correspondence to it. > > were you able to detect from the reporting whether these companies could pay higher wages? > > you know wages and productivity are two very different things. these are companies that are normally investing heavily in technology. these are companies that are using investment to replace workers as a result of workers generate more revenue. so in a way, there may be a negative correlation. i haven't really looked at that. it's a good question, but these are companies that are trying to use technology to replace what's called the human capital. so maybe there is an inverse relationship there, but that would be a study for another day. > > thanks, matt. we'll have you back. > > thank you very much. still to come: a former bear is coming out of
so this group of companies are mainly energy companies valero, phillips and eog resources. these companies rely on equipment and machinery to pull very pricey materials out of the ground. so when energy companies do well, these companies do well so that's the correlation of the industry which also has productivity correspondence to it. > > were you able to detect from the reporting whether these companies could pay higher wages? > > you know wages and productivity are two very...
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82
May 13, 2014
05/14
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CNBC
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we had seen some activity in valero. i think it's going to break to the up side. >> i like armstrong world. i like the non-res and res recovery in the u.s. >>> this is an energy and industrial play on the whole economy, long american rail, arii, and on this 20% pullback, i think it's a great name to own. >> joe? >> i'm long lilly, long the salt conference, off to be part of a panel with gary, anthony, scott is going to moderate. excited for you to come out and join us. it's a great conference. >> we are hitting the road, joe, we'll see you live. we're headed to vegas for the salt investing conference. the best ideas from wall street's smartest investors, tune in starting at noon and 5:00 tomorrow. that does it for us, see you on fast tonight. "power lunch" begins right now. >>>. halftime is over. "power lunch" and the second half of the trading day start right now. >> melissa, thank you very much. >>> the s&p 500 fresh territory, 1900 for the first time, earlier today. the dow also setting new highs. how much higher if a
we had seen some activity in valero. i think it's going to break to the up side. >> i like armstrong world. i like the non-res and res recovery in the u.s. >>> this is an energy and industrial play on the whole economy, long american rail, arii, and on this 20% pullback, i think it's a great name to own. >> joe? >> i'm long lilly, long the salt conference, off to be part of a panel with gary, anthony, scott is going to moderate. excited for you to come out and join...
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May 25, 2014
05/14
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MSNBCW
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the day begins quietly at the valero convenience store. a long-time customer who goes by the name cowboy makes his routine stop. >> that particular morning i came in the store to get cigarettes like i normally do. i was standing up with my money in my hand. >> as cowboy makes his purchase, the peaceful morning turns to chaos. >> and all of a sudden i hear somebody come in and says, get on the floor. they had masks and i see the gun and that was it. went behind the beer cooler and laid down. >> the gunman reaches over the counter and shoots at both men, hitting one clerk in his leg. >> when i hear the shots, that's when i really got scared. i thought, well, you know, this is it. >> as the other clerk shields himself with the counter, a second man jumps through the glass partition and starts digging for cash. a surveillance camera shows the gunman forcing cowboy to stay on the floor. he's scared for his life. >> what was going through my mind, hope they don't come around and shoot me. nothing i could do, they had me on the floor. so -- >> wh
the day begins quietly at the valero convenience store. a long-time customer who goes by the name cowboy makes his routine stop. >> that particular morning i came in the store to get cigarettes like i normally do. i was standing up with my money in my hand. >> as cowboy makes his purchase, the peaceful morning turns to chaos. >> and all of a sudden i hear somebody come in and says, get on the floor. they had masks and i see the gun and that was it. went behind the beer cooler...
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May 5, 2014
05/14
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CNBC
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my question is about valero. >> i didn't think there was more to it, but the spread going valero's way. it's motivated to make you money. kenny in oregon. kenny? >> caller: this is kenny in oregon. you got it, buddy. plug power. >> plug power, when we were on a rig in the gulf of mexico. and i said it should be sold. it's now come down, they did a big equity offering, it is just a sloppy stock. this is part of the speculation coming out of the market. i don't like plug. let's go to nathan in texas. nathan? >> hey, jim, thank you for taking my call. >> my pleasure. >> boo-yah! >> how do we feel about ori. buy, sell, hold? >> old republic is a good company. it's got my name on it. let's go to shawn in new york, shawn? >> caller: hey, jim, this is shawn from new york. they beat on earnings but conservative guidance. >> this group is so out of favor, but you've got to pick -- you've got to make your stand. and right now, i'm willing to make a stand. it has been crushed. i think it's okay. let's go to chris from rhode island, chris? >> thanks for taking my call. >> okay. >> caller: my quest
my question is about valero. >> i didn't think there was more to it, but the spread going valero's way. it's motivated to make you money. kenny in oregon. kenny? >> caller: this is kenny in oregon. you got it, buddy. plug power. >> plug power, when we were on a rig in the gulf of mexico. and i said it should be sold. it's now come down, they did a big equity offering, it is just a sloppy stock. this is part of the speculation coming out of the market. i don't like plug. let's...
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May 5, 2014
05/14
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KQED
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west pack oil terminal that would wring in crude by rail, ship and pipeline and there is another, the valero refinery wants to build its own rail terminal. meanwhile, kinder morgan is bringing in crude by rail. the concerns come down to safety, the accidents that you've mentioned and this isn't just in the cities where the terminals are but going back up the tracks to where the oil comes from. >> why is there so much more oil being transported now, tom? >> because fracking especially. there is a new supply of oil in the united states, which has a ready market in the united states, in canada and overseas and so much available. the trouble is where it's coming from is not rich in pipelines the way that the coasts are and various parts of the south are. as a result, if you sell the soil, you have to transport it. since it costs billions of dollars to build a pipeline, what do you do? you figure the alternative. trains are a good alternative. one car holds 30,000 gallons of crude oil. that's a lot of oil. put 100 cars together and you got something that is the equivalent of a pipeline on wheels,
west pack oil terminal that would wring in crude by rail, ship and pipeline and there is another, the valero refinery wants to build its own rail terminal. meanwhile, kinder morgan is bringing in crude by rail. the concerns come down to safety, the accidents that you've mentioned and this isn't just in the cities where the terminals are but going back up the tracks to where the oil comes from. >> why is there so much more oil being transported now, tom? >> because fracking...
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May 17, 2014
05/14
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KTVU
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there is also the valero refinery in be in each benetia. >>> 20-year-old demarrio drew is accused of punching a fellow student in the face several times, fracturing his jaw at a frat party. the alameda county district attorney's office says drew attacked the student and kicked his dog during an event at a fraternity house. drew's attorney says according to his client, the incident began when the sophomore safety was attacked by the alleged victim's dog and that drew was defending himself. >>> a bus driver is being called a hero tonight because he pulled over and then put himself directly between a snarling dog and scared kids. >> it's not heroic. it's somebody caring about somebody. that's all. >> this surveillance video from the west contra costa transit authority bus shows the pitbull on the right charging back and forth. the bus driver, craig willis, said the dog was barking menacingly, first at one teenager boy, then a boy and girl in front of the pinole public library. willis got out of the bus, confronted the dog and saved the kids. >> eventually live i took off my belt. i knew
there is also the valero refinery in be in each benetia. >>> 20-year-old demarrio drew is accused of punching a fellow student in the face several times, fracturing his jaw at a frat party. the alameda county district attorney's office says drew attacked the student and kicked his dog during an event at a fraternity house. drew's attorney says according to his client, the incident began when the sophomore safety was attacked by the alleged victim's dog and that drew was defending...
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May 25, 2014
05/14
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CSPAN
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so wrote valero's ceo. so the claims about creating jobs are dubious at best. if you take a look at both sides of the job legislature. you will also hear from the bank, we make money for the taxpayers. perhaps we should go out of the government and purchase a hamburger chain. perhaps mcdonald's, perhaps jack-in-the-box. of course, is owned by the federal government, they would not remain profitable. that goes withe our vision of the role of government in a free society. besides these oppose it profitable operation, it's xm or to use fair value accounting -- then there is an argument that it might have a $200 million loss. using fair value accounting, these programs operate at a significantly higher subsidy rate. than is currently shown on the budget. this means the programs cost far more to operate and deliver far less revenue than the bank claims. does this remind anybody of the accounting gimmick at fannie and freddie? picturer true financial in the late 90's and early 2000? even if the export and import bank was making good on their claims, fannie and freddi
so wrote valero's ceo. so the claims about creating jobs are dubious at best. if you take a look at both sides of the job legislature. you will also hear from the bank, we make money for the taxpayers. perhaps we should go out of the government and purchase a hamburger chain. perhaps mcdonald's, perhaps jack-in-the-box. of course, is owned by the federal government, they would not remain profitable. that goes withe our vision of the role of government in a free society. besides these oppose it...
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May 22, 2014
05/14
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CNBC
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eye 120
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how are you feeling about valero? >> i like the spreads between the different layers of crude. it's a really well run company that returns a lot of capital shareholders. i also like marathon. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. a research tool on thinkorswim. whon a certified pre-ownedan unlimitedmercedes-benz?nty what does it mean to drive as far as you want... for up to three years and be covered? it means your odometer... is there to record the memories. during the mercedes-benz certified pre-owned sales event now through june 2nd, you'll get complimentary pre-paid maintenance and may qualify for a two-month payment credit. only at your authorized mercedes-benz dealer. >>> way too many people are starting to walk away from yahoo! even as it's 24% stake might be worth more than most inv
how are you feeling about valero? >> i like the spreads between the different layers of crude. it's a really well run company that returns a lot of capital shareholders. i also like marathon. [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on...
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May 11, 2014
05/14
by
CSPAN2
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eye 28
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you know, you go out to the texas panhandle, where i am from, there is a valero while refinery that runs on wind power. it is like kittyhawk, no people, lots of wind. western pennsylvania, the gas wells pumping natural gas out of the wells out there brought on solar power. there are good applications for these things, but maybe not necessarily what we are thinking. maybe talk about the little bit in the case of the law must who is kind of a genius when it comes to this some b-2 yes, the last segment of our book is the modern subsidies, the modern political entrepreneur, seeking the subsidy. what you say is true with world war one and two. we certainly learned a lesson. one thing to remember from world war one and world war ii is the federal budget declined in both cases. in world war one the tax rate was cut, the top level from 73% to 2 to 5%. all of a sudden investment capitol began highly available. we see a massive recovery by the diocese of. corrected recovery, private directed recover it really, what the wrong lessons and then we get into the 70's and have this energy crisis. a mark
you know, you go out to the texas panhandle, where i am from, there is a valero while refinery that runs on wind power. it is like kittyhawk, no people, lots of wind. western pennsylvania, the gas wells pumping natural gas out of the wells out there brought on solar power. there are good applications for these things, but maybe not necessarily what we are thinking. maybe talk about the little bit in the case of the law must who is kind of a genius when it comes to this some b-2 yes, the last...
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valero energy. charles: we had the trade numbers out today. fuel, oil, amazing, $4.1 billion worth of fuel. gasoline, jet, diesel, export to other countries. it is down $400, the economic miracle of our oil is amazing. absolutely amazing. they did the largest independent refiner in the country, spinning off the retail branches to drag this company, earnings estimate, an amazing wonderful chart, it will continue to do extraordinarily well. they will have rails, oil from other parts of the -- they will have a new facility next year. crude-oil exporting facility built, done by third quarter this year and really big by the first quarter in 2015. b l 0 had its ups and downs. stuart: we talk about the death of brick and mortar all the time. office depot is closing, closing 400 stores. what is the story? nicole: there seems to be a lot of good news, no bad news at the moment. stock is up 16% for office depot, $4.84 a share. they came out with great sales numbers, sales are surging, one of the reasons they are closing 400 stores and the rest will go i
valero energy. charles: we had the trade numbers out today. fuel, oil, amazing, $4.1 billion worth of fuel. gasoline, jet, diesel, export to other countries. it is down $400, the economic miracle of our oil is amazing. absolutely amazing. they did the largest independent refiner in the country, spinning off the retail branches to drag this company, earnings estimate, an amazing wonderful chart, it will continue to do extraordinarily well. they will have rails, oil from other parts of the --...
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May 21, 2014
05/14
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CSPAN
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is valero energy in my native texas. they are lending $640 million to bailed new refinery in turkey. refining jobs and under mining the strength of the u.s. refining infrastructure so president o to the of x.m. you will also hear from the x.m. bank. we make money for the taxpayers. well if that were the only test perhaps we should go out as a government and purchase a profitable hamburger chain and rename it uncle sam's burgers and fries. if ruined by the federal government it would assuredly not remain profitable and more importantly i do not believe that our comports with our vision of the proper role of government in a free society. besides the x.m. bank supposed profitable operation is suspect. their money to use then there would be an argument that would show a $200 million loss instead of a gain. e see that the bank's programs currently shows on its budget. this means that the programs cost the american taxpayers far more to operate and deliver far less revenue as a return than the bank claims. does this remind eve
is valero energy in my native texas. they are lending $640 million to bailed new refinery in turkey. refining jobs and under mining the strength of the u.s. refining infrastructure so president o to the of x.m. you will also hear from the x.m. bank. we make money for the taxpayers. well if that were the only test perhaps we should go out as a government and purchase a profitable hamburger chain and rename it uncle sam's burgers and fries. if ruined by the federal government it would assuredly...
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May 5, 2014
05/14
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CNBC
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which the european counterpart to wti and long at left two refinery stocks, specifically mentioned valero and marathon, buying cheaper prices, ie, wti prices and selling them at brent prices, bill and kelly, which is obviously a very good trade so they are positioned to benefit in a from what he sees extremely bearish conditions due to bottlenext of supply at the gulf coast. >> is that a change in view tore him, though, or a position that he's had this bearishness on oil? >> it's an interesting question, kelly. i don't think zach schreiber has ever done one of these investment conferences, a low-profile guy so we don't know about his position. he gave the impression that this is something he's used to doing and his mentor druckenmiller advised. he still thinks the sly end issues in the u.s. will keep us far end lower. >> this goes back to something that warren puff fet and charlie munger were discussing with charlie, asked charlie whether he's opposed to exporting natural oil and gas in this economy and they basically have the view deplete others first before the u.s. a lot of information
which the european counterpart to wti and long at left two refinery stocks, specifically mentioned valero and marathon, buying cheaper prices, ie, wti prices and selling them at brent prices, bill and kelly, which is obviously a very good trade so they are positioned to benefit in a from what he sees extremely bearish conditions due to bottlenext of supply at the gulf coast. >> is that a change in view tore him, though, or a position that he's had this bearishness on oil? >> it's an...
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May 6, 2014
05/14
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CNBC
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way higher, anadarko rounding out the quarterly earnings, and then names on the refining side, the valeros of the world, and cabot oil & gas. so energy sector swinging to at least the only positive sector right now, carl, on the day in the s&p. back over to you. >> dom, thank you so much. >>> kevin o'leary of "shark tank" author of the "cold hard truth," joins us this morning on the phone as we work our way around some camera issues. kevin, good morning to you. >> great to be here. >> we're going to start talking about apple first. rejoining this exclusive club back to $600 for the first time since 2012, about two weeks after they announced the 7 for 1 stock split, better than expected quarterly results and the better than expected iphone sales and buyback program from 60 billion to 90 billion. psychologically, kevin, it's been important for bulls to get above 600. they do pay a dividend. what do you think? >> i've owned the stock since they declared the dividend. it declined after it occurred. the stock split is irrelevant. that's just financial engineering. it doesn't matter. i don't lik
way higher, anadarko rounding out the quarterly earnings, and then names on the refining side, the valeros of the world, and cabot oil & gas. so energy sector swinging to at least the only positive sector right now, carl, on the day in the s&p. back over to you. >> dom, thank you so much. >>> kevin o'leary of "shark tank" author of the "cold hard truth," joins us this morning on the phone as we work our way around some camera issues. kevin, good...