NY AG investigating Exxon Mobil over financial statements

Stocks (^DJI, ^GSPC, ^IXIC) are slightly under pressure at the midday mark, with energy (XLE) leading the way down and health care (XLV) the least in the red. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange.

To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s editor-in-chief Andy Serwer and Yahoo Finance’s Nicole Sinclair.

NY Attorney General is gunning for Exxon Mobil

Let’s start with media reports that New York Attorney Eric Schneiderman is investigating why Exxon Mobil has not written down the value of its oil assets. Exxon is the only major oil company not to account for the two-year slide in oil prices. That’s drawn criticism from some analysts.

Facebook tweaking Facebook Live with new ads

We’re learning more about how Facebook will make money from its move into live video. A Facebook executive this week revealed the company is considering running ads in the middle of live video streams. It may also put ads into non-live videos. And Facebook might have videos play automatically with sound instead of silently.

Under Armour, Visa top lists of heavily shorted stocks: Markit

With market volatility picking up again, shorts are taking notice and some of their bets are starting to pay off. According to data from Markit, Under Armour and Visa each top one of two lists that relate to the most shorted stocks in the S&P 500. Under Armour is on top in terms of percentage of short interest, with just over 30%. That means nearly a third of its outstanding stock is held by shorts. But if you calculate how many days it would take to cover the entire short position based on the average trading volume of the stock, Visa’s on top. It would take nearly a month for all the shorts to theoretically cover their Visa holdings.