which means they would hire baker hughes that comes down to big spending plans.0% global company you've talked to all of them cap spending is coming up, but is it coming up enough >> we're seeing cap spending coming up, but we're also seeing a divergence i think as you heard from some of the iocs, they're retaining their capital discipline again, the returning of cash to shareholders is important for the iocs as well as the continued allocation not just oil and gas, but also the energy transition. as we look to the privates and some of the independents, you are seeing increased activity. but i'd go more international and when you look at the low cost spaces, you look at the national oil companies, that's where we're seeing the capital spend. you've seen announcements from aramco we see the low cost spaces seeing an increase in spending going forward in the next few years. >> as you know, okay, we have sort of taken on your friday rig count as almost a weekly economic indicator but you guys are so much more than that. and you're a huge, by the way, just signed a b

1:00 p.m., we get the baker hughes rig count.his gives you a sense of how much is coming online after that huge dip in the pandemic. how much does that come back at a time when investment is incredibly expensive we see incredible inflation and some of the materials used to build and to drill for oil in the united states? i want to talk p.m., we also get fed governor chris wada, san francisco fed president chris waller -- chris waller, san francisco fred president -- san francisco fed president mary daly. the message from the bond market is that we are still heading into a secular stagnation kind of feel. they dismiss it as something technical, as jay powell seemed to do this week? tom: on the bitcoin observations, kenneth rogoff of harvard university was stunning, how he stated that he got wrong the pace of regulation on bitcoin. that will be something to watch into 2022 at the sec. we watched david riley always because of his great perspective at bluebay asset management. he joins us now to reset and recalibrate. how do you rese

at the world petroleum congress today on cnbc, including the ceos of pioneer natural resources, baker hughesorrow he sits down with the ceo of diamondback energy >>> vicky green lays out the energy stocks that she says have room to run amid the bounce back. >>> if you haven't already, do it, follow our podcast, miss "worldwide exchange," check us out on apple, spotify, or other podcast platforms. we're coming right back. c'mon caleb, you got this! and if you don't, there are other options! umpire: ball! good eye! good eye! eyes are good for lots of things. like reading! be the best, caleb! statistically impossible, caleb. umpire: strike three, you're out! you'll get 'em next time! or you won't, probably won't. and it won't impact your future whatsoever! talk to us about college planning today. feel comfortable about tomorrow. massmutual. >>> welcome back we turn our attention back to the markets p. the renewed rally in stocks holding firm the dow up briefly more than 400 points in the pre-market the biggest pre-market winners for the s&p, intel up 4% medtronic up about 4%. have to watch the

in decades we have a great lineup we'll be speaking with the ceos of chevron, pioneer natural, baker hughesb dudley add diamondback to that list, mike summer it's going to be a big day monday and tuesday all day live from houston check it out we're back right after this. small businesses like yours make gift-giving possible. now, comcast business has an exclusive gift for you. introducing the gift of savings sale. for a limited time, ask how to get a great deal for your business. and get up to a $500 prepaid card with select bundles when you switch to the network that can deliver gig speeds to the most businesses. or get started with internet and voice for $64.99 per month with a 2-year price guarantee. give your business the gift of savings today. comcast business. powering possibilities. - [vo] we are a nation that has overcome, a union that is no stranger to adversity, but we've always found strength when it was needed most. the strength to protect, to defend, to sustain, to heal, to teach, to unite. we are strong, over 300 million strong. and together we're at our best. join us for amer

. >>> a quick programming note, brian will speak with baker hughes tomorrow on "power lunch" as your coverage continues you don't want to miss that. >>> still ahead on "the exchange," biotech stocks have been tanking this year and down 9% since thanksgiving. leading to big losses for some billionaire hedge funds. we'll tell you who is hurting the most and what it will take to stop the bleeding plus ryan reynolds on why tv is still the king of advertising. their words. not mine and we're going to talk classic cars what's the future for old-school automobiles. we're back in a minute >>> welcome back, everybody. some dramatic intraday moves have bond yields climbing. you can see where liftoff happened 90 minutes ago and it's taking the stocks to new intraday highs let's check in with rick santelli what are you hearing, rick >> today, the big story early was, what's wrong with the treasury complex what's wrong with boons? nothing was moving much and the equity markets around the globe were starting to get a bit of attraction all of a sudden we're playing catch-up if you look at ten-year

like billie holiday, joesephine baker, langston hughes. >> reporter: what is most important? important to me. it keeps us working and motivated, looking forward to do going every day. >> reporter: and from the south photos of the workers who make them. >> hi, david. our supply chain consists of farmers, weavers, finishers, and sewers. we support approximately 1,000 jobs. >> reporter: and in portland, maine tonight, a company using old sails to create tote bags. >> hi, david. after our appearance on your show, our sales were up 150%. what did they buy? the number one purchase was our multicolored nautilus beach tote. thank you. >> reporter: thankful, and getting ready for christmas with three words in mind tonight. >> made in america! >> we love your ideas. send me a tweet. let me know on instagram. i read them. and i'll see you monday. good night. >> tonight we start with a big picture. will new action make a difference? >> as a juror, step back and look. >> elizabeth holmes's fate is in the hands of the jurors. >> a hollywood premiere is coming to san francisco this weekend.

the ceo os of chevron, diamondback centering, pioneer, baker hughes, and a few more as well you nevere first time the congress should be here since 1987 >> i've talked about the remarkable amount of investment that seems to be going into things like carbon capture and things, yet if you look at that number relative to dividends and buybacks, they still outpace the r&d work that's being done in this space by miles. >> they do, and this is driving some people nuts it's not driving shareholders nuts, because for ten years, andrew, as you know, oil and gas investing was kind of a wasteland. i'm sort of being metaphoric, but that's the truth now investors are saying we want or money back. either buy our stock back or dimebacks energy, for example, we'll be speaking to their ceo they're a great example. what they did to free cash flow is soars they're given more in buybacks, but to your point there's another side to this industry -- if you want to exist in 30 years or 40 years, or whatever the number may be, you had better do things like occident and aramco is doing, the carbon capture devo