shares of cheniere energy are jumping again today. despite pretty much everything else selling off yesterday, lng is in the green. this week it raised its guidance, increased its dividend, and its share repurchase program here is jack fusco, the president and ceo of cheniere energy amazing, jack. you were probably watching yesterday's market action and thinking, my stock held up you just raised, what, 1 billion in free cash flow estimates? >> we did, brian first, thanks for having me on the show and it's nice to finally get recognized, as being such a critical energy provider to europe, right? as you know, 70% of our cargoes this year alone have went to europe europe each cargo, one cargo is enough heat for a million european people for a month it's all working, production has been really strong we produce two tankers a day right now. >> go back into that you've probably heard me say this, jack i'm not saying this to stroke your ego or lng, but you guys are literally -- you and others, by the way, there's others, that are saving europ

did because i recommended your stock is tellurian in better shape than when i first saw you with cheniere about that for a second i had about $700 million of debt that was coming due in three years. i had a business model that was completely busted because i wanted to import gas instead of exporting it and all of a sudden we had a fracking revolution that changed everything dramatically so i would say i was pretty desperate at the time and then you recognized that we had made the turn faster than almost anybody and you recommended our stock at a time most people were skeptical. and you know what it ended up being. this time around we're sitting on a few hundred million dollars in cash. we have an upstream company that is going to make $500 million next year. and we started the construction of a facility that will allow us, as you said, instead of making 8 or 9 dollars in the united states, making 50 or 60 dollars on a global basis. i don't expect that 50 or 60 to remain but it will be north of 25 and we will be in excellent shape. >> i imagine since we've seen each other personally they f

the first one is cheniere.gy sector is an attractive portfolio diversifier that's been less correlated to recent market swings and when looking within that sector cheniere is really best of it's one of the few stocks and not only was able to rally above its 2018 peak but its 2014 high as well. we see that as a sign of long-term secular strength more recently the stock is correcting into its recent march peak it comes in at $149. we recommend buying the pullback into that support level. >> let's look at one of -- it seems like it's on everybody's buy list and that's t-mobile, right up there with ulta t-mobile is one of the frequent names. >> a standout in the telecom space where you have bearish trends in at&t and verizon again, t-mobile best of that provides low volatility exposure to the nasdaq 100. again, i think the nasdaq does have some better days ahead after really feeling the brunt of the decline year to date. so when looking at t-mobile i think what's most notable the stock is already out to a new high

prices and these stocks are going to reflect that as well >> speaking of energy don't miss the ceo of chenierecoming up today. >> here's your cnbc news update at this hour three iranian nationals are responsible for an international ransomware conspiracy. it targeted including power utilities in the u.s officials say the scheme was for personal gain and not at the behest of the iranian government >>> west virginia's legislature passed a near total abortion ban tuesday making west virginia the latest state to pass a ban since the supreme court overturned roe v. wade in june. the bill passed by republican majority includes narrow exceptions for rape and incest while making physicians who perform abortion procedures potentially subject to discipline >>> and the shooting death of rapper pnb rock may have been spurred in part by social media posts. it showed the jewelry the rapper was wearing and also tagged his location police say, quote, an extensive amount of jewelry was taken from pnb rock in that deadly robbery. an arrest has not yet been made. "halftime" returns after this. y. ♪ heat makes it

right, as josh is walking through the points on chenier devon does a free cash buy back. a sector is cheap. it's the cheapest sector bar none, highest free cash flow yield. you want to buy the dip on energy -- >> highest earnings growth and lowest valuation on a price to earnings growth, that's very interesting to ehave one group be both simultaneously the cheapest with your best growth you very rarely see that setup >> jason snipe, you own the xle, yeah >> absolutely. i agree with all the points on energy the supply and demand narrative hasn't changed at all and, you know, when i think about capital discipline on the energy front many of these companies did very well through the pandemic. you know, the world was turned off for almost 18 months, so when i think about the chevrons, the names that comprise an xle, they're going to continue to benefit from the supply and demand narrative and also free cash flow as mentioned dividends, these are the themes of this market, and energy is right where you need to be so they're swinging right in this space and that's why i continu

production, more pipelines are being laid the challenge of late is getting that processing capacity cheniere has announced a phase three expansion, but those new molecules probably won't hit until 2024 or 23025. the headwinds will be the challenge. >> regulatory head winds, is purely political it's not just about fossil fuels, though, is it when you talk about the green, clean, whatever up to call it, energy transition, hydrogen, tesla is based in texas now. how much of that business are you going to get and how much do you have to adjust your model to get it? >> well, look, when you talk about the energy transition, evolution, however you want to characterize it, it's the traditional energy companies that will play a front and center role in that type of transition they have all of the infrastructure, and all of the experience when you talk about hydrogen, for example, which seems to be what's percolating to the top of the next generation of clean energy fuels, hydrogen from hydrocarbons will be the primary source in the near term. texas not only has an abundance of fossil fuels, but also t

liz: you like cheniere and. we are running out of time. gas is plummeting on the market as united kingdom lifts the ban on natural gas practicing the fact they need natural gas. sean, please come back. [closing bell rings] sean o'hara, pacer funds. the dow could not hold on to the 60, 80 points of gains. another 106 points. red on the screen. we'll being here tomorrow. "kudlow" is next ♪ larry: hello, folks, welcome to "kudlow," i'm larry kudlow. i want to spend a few moments about some of the far left progressives inhabit the congress, most regettable for the country constitute a long tail wagging the democratic party dog, no disrespect to dogs. this rashida tlaib person, member of house financials services committee who onc