the preliminary talks with conoco and national oil company pdbsa is a way for conoco to recover the moneyvenezuela. conoco abandoned after the deal melted down in 2007. >>> and southwest is trying to prevent another meltdown southwest's board set up a new operations review committee to oversee management and adding the airline hired consultants to investigate the disruption when asked about his job security, he said he was not focused on that and instead rebuilding trust with southwest employees and customers. >>> google and nvidia are raising concerns with regulators about microsoft's $69 billion bid for activision-blizzard the deal could give microsoft the advantage in areas of mobile gaming and subscriptions and the cloud. the report adds that google the and nvidia gave information to support the case to block the deal brian. >> all right pippa, we appreciate it. have a great day thank you very much. >>> for now, let's talk about money. specifically the earnings onslaught about to come from big ban banks. many bank stocks are hot kb index up 5% this year some of the names you want to w

occidental's up 90%, exxon's up 52 kt, conoco, 45%, chevron, 42. this is all over the past 52 weeks. my next guest says there is still room to run. we don't want to hear that neil meta covers energy for goldman sachs. he's here along with our very own pippa stevens who covers all things energy for us as well neil, i'll start you is it a china story? if the u.s. is slowing, how do you get higher oil prices? >> as we think about the range for oil prices over the next several years, we do believe in a higher for longer commodity environment. we think of the lower band being about 80-dollar-a barrel brent you can disincentivize and you destroy demand on the other side of it so 80 to $100, $90 at the midpoint if you look at the forward curve, out the curve through the end of the decade, it's in the low-to-mid-70s we think the forward curve needs to roll up, and as that happens, we think energy equities can perform well as it relates to china, i think china right now is bouncing around 14.5 million barrels a day of oil demand. it's on its way up to 15.5

but conoco vote for martin even me at aiken. a, not a bit of a do out the bit of the iphone x close while mom will benefit will want to miss all a provided that ain't go again for my own. a duke of all that in an actual of his last name, a emotional to my ah ah ah, a file mm good, good, good. did the p, those do, does all disorder and they saw it like that and best sunday my day when philip hold up next with us so i get a good. mm hm. sure said see pick enough she did. bruce got foam on kick her theory. poopy. look, well actually, chris, i mocked to all my can pull it up. no one of the bomb was in a to i look for the gum, they may can, the, would lose you and make, you know. so on the home in norton a close, all close get the was on it. this already picked up. what a so how my city can you? yeah, we're out in issues when notify me where to void did on i could to chris lily. donnie wish that they did fail with certain ways, so they get like as actor, more than like, get her a result that i want you to. yeah, let me look at all si

but conoco virtual martin. even me at aiken in not a bit of a do out the bill to the phone calls while i'm on with. do anyone want to miss all a provided that ain't go about like it's for my own a duke of all of that in an actual of his last name. hold on to how he was useful to me. ah. l look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings except where such order that conflict with the 1st law show your identification. we should be very careful about our personal intelligence and the point obviously is to great truck rather than fear. so we'd like to take on various job with artificial intelligence. real summoning with a robot must protect this phone existence with what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race move is on offense. very dramatic. development only personally and getting to resist. i don't see how that strategy will be successful, very difficult time time to sit do

chevron to me is doing everything right, and they and conoco have been ahead of the rest of the industrymike could have gone many directions responding to the white house criticism, but he played it straight forward guy, what did you make of it >> he took the high road good for him it's typically less traveled i find myself on the low road. would have been more dramatic probably but he said all the right things, clearly. it's interesting to demonize an industry -- if this had been some software company we wouldn't be talking about it because it's energy. obviously it becomes a political jump ball, which is unfortunate. but he said all the things i think are exactly right. in term os chevron specifically, there's nothing not to like at chevron, exxon, and all the other downstream names i think you stay with the energy trade here. >> for most of you, all e-traders who put together the okay ro anymores -- grasso, congratulations on your win. i believe it was 19% to fractions of a cent to everybody else. >> and i had the "t" for tesla, but the chevron, just speaking on a -- the guys summed i

paul: we said why don't you merge with conoco phillips? that has gone over as an amusing idea.eo said, we will see. we don't know. people have said they need to increase their inventory. there is a tremendous reliance on kazakhstan, australian lng, and permian, so it is a three-legged stool, but they made an excellent acquisition right at the bottom of 2020. it is tough for them to buy stuff because of the price environment, but there's certainly a view that chevron needs another major leg, maybe, to really step up in the permian. the problem for them in the permian is they have mineral rights and better infrastructure so it makes it diluted for them. i don't think they want to get involved with an exxon asset by buying one, so i don't think that will happen. alix: good point about their royalties there and how they own assets in the permian. if they were to try to buy production somewhere, if the permian is not there, if they already did the gas stuff with noble, where else would you go to do that? is it guy anna, off brazil -- is it huyana -- guyana, off brazil? where do you

if you ever buy gas from a conoco phillips, bp, exxon mobil, chevron, all of these companies today can trace their roots back to standard oil. he dominated that business. rockefeller center, rockefeller plaza, top of the rock. the name resonates to this day. this is j.p. morgan. he is in banking and finance. how would you like to go and ask him for a loan? look at that face. anyway, his office is directly across the street from the new york stock exchange. he is so integrated in our finance, our business bank. jp morgan chase today. the name is still around. good luck getting that loan. cornelius vanderbilt vanderbeek, yale university. he was in transportation, shipping, railroads. the commodore, as he was known. the point is, each of these men become captains of industry. they are at the top of their profession and if you noticed, one thing is they're not competing against each other as such. each of them carved out their own little niche in society in the american economy. it's steel. it's oil. it's finance. banking. transportation. you see these men realized early on that competitio

profits a few minutes ago, and you know, the reason, the outperforming stocks over the last year, conocoevron, the oil companies, and that's because what biden has done with his energy policies is should down all the competition of the big guys because he's not allowing new drilling, and so those companies have done great. not only the worst performing stocks in 2022 were the green energy stocks. charles: they were disasters, absolute disasters and they pour like a trillion dollars into esg i've got less than a minute to go. i want to pick-up quick on that chevron thing because right now on your twitter feed warned about president biden's war on business, and i don't think people realize when president biden wants to launch a war on business he's launching a war on the entire economy isn't he? >> yeah, and by the way, shareholders and stockholders who especially watch your show about making money. if you think profits are a bad thing you know what's even worse than profits? losses. charles: [laughter] good line. i'm going to steal that one. steve we've got to let you go. have a great wee

amd, western digital and nvidia all up more in today's session the energy sitting out like lsb, conoco closing out in the red >>> tesla surging almost 8% today, making it one of the top three performers in the s&p 500. the stock now up more than 40% from its 52-week lows just over two weeks ago. still, the stock has been under pressure over the past year. but retail traders, they seem to see the pullback as an opportunity to buy according to "the wall street journal," traders have piled more money into tesla shares in the last six months than in the five years before that net buys hit a record earlier this month for more let's bring in gene munster, managing partner at deep water asset management. from the notes it sounds like you think tesla stock hasn't seen the worst of it, that will be better entry points. >> i do believe so, melissa. just to put some perspective around this, this earnings period is an opportunity, a rare opportunity where tesla needs to get everyone on the same page. i'm still optimistic that this company is undervalued over the long-term. but let's talk about wed

but you know, one of the things that i see is conoco phillips in their iterative five times respondedh fog to alternative, that may be a deal breaker, but to have an iterative way, we have to be more open to the art of the possible and not just constantly demanding more. >> i think it starts off with perspective. sometimes -- this is both on behalf of the companies and members of congress' perspective. sometimes there are companies that look at a member and they see the d, bad, they see the r, good. and then there's perspective from members that see company x, good. energy bad. so, we've got to start off with that perspective and get to know the companies and what they're doing and the members that are willing to sit down with the energy companies to do that. and then of course, the perspective is expanding where members and other folks know more of what you do. usually when you think about an energy company you think about oil and gas. but it's a lot more and i'll tell you a quick story when there were some protesters, and i've told mike this, protesters, i don't know if you remember

an early indicator for how other names like exxon, chevron, shell, conoco fared in q4. 'rba ithe. this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. [music - cover of blondie's “dreaming”] td ameritrade. [music playing] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let there be change. >>> coming up this morning on "tech check," nearly 40,000 employees across tech have been layed off this year. we will unpack all of that and a lot more in the coming hour with the dow up about 30 points don't go anywhere. advancing flight for future generations. ♪ welcome to a new era of flight. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that

we thought we were getting more non-earning assets in apache, conoco and eog, which we continue to own recycled that money into magna auto parts, single different p stock, down from $100 to about a $60 level. we think they're underearning today because of supply chain problems but we're paying about seven times trend earnings for it a little unusual as the market is worried about going into a recession that almost anything in the auto chain is underearning today >> yeah. it got my attention, too, especially on a day where we did get this inflation print and we are seeing not only used vehicle but new vehicle prices start to come off as well is that a concern or, no, it's the fact we've had supply chain bottle necks to get things going next makes magna more attractive >> our focus is on it's been years since auto sales have kept up with deappreciation in the auto park, so the average age of the fleet on the road continues to increase. >> you bought adobe and manage two other funds. let's start with adobe, given the fact we've had conversations, including earlier on this show about tech