. >> what we like about conocophillips is management mentality, if they can't do something with the capitalt they are earning that they believe is competitively advantage and a high rate of return the given back to the shareholders. their recent analyst day they projected over the next decade value will return 90% of the current market capitalization to shareholders and at the same time reinvest enough in the business, a third larger than it is today. we think about the comparison there to a bond. if you own a ten year bond you get about 15% of your capital back over the next decade and at the end of the ten years it's only worth what you bought it for today. you can get that almost all of your capital back on 50-dollar oil, they do twice that much if oil stays 80 where it is now. the returns to the shareholders are so much higher today than what's presented then the bond market. it gives you a good hedge against inflation. jack: thank you for your insight and thank you for coming in. it's great to be with somebody in person again. coming up the special buyers guide to hot market continues.

conocophillips on the other cited the pond.r, kkr, and the main event, the federal reserve does today meeting kicks off. looking forward to that one. alix: coming up, jim gilmore, former governor of virginia, will be joining "balance of power" with david westin. this is bloomberg. ♪ >> from the world of politics -- >> i think the announcement of the framework means we will get both of these bills done. >> to the world of business -- >> we need a world data organization like the wto, but involving data. >> this is "balance of power" with david westin. ♪ david: from bloomberg's world headquarters in new york to our tv and radio audiences worldwide, welcome to "balance of power." if it is monday, it must be glasgow as world leaders have moved on from the g20 summit the cop26. we turn to glasgow and my colleague francine lacqua. some people were disappointed with g20. what is expected at cop 26?