if you own energy definitely consider conocophillips., when do you think the fed will pause, not slow but pause? >> it seems like that is ever going moving target. so you know, my crystal ball is kind of very gray right now but i would say i would say probably the first quarter at the rate they're going now. liz: hey, great to see you. david harden. [closing bell rings] by the way folks, we are closing at session highs. a huge powell push here. 700 points for the dow jones industrials. the dow exited bear market territory. green on the screen. we'll see you tomorrow. ♪

energy old oil and gas is the best performing sector once again, led higher today by conocophillips they had blowout numbers apa, used be called apache, marathon at the same time the white house is calling for more fossil fuels, more drilling could be very good for these companies. in the treasury market, the yields are popping tro-year yield trading at highest level since 2007 rick santelli is at the cme as yields continue to pop >> sevens are wild two-year note yields on the highest pace since 2007. brian nailed it. the three-year note yield was dabbling in and out. it needs to close above a 4.65 yield to make a new cycle high-yield close would does any of that matter? it's very important to realize that when we have t-bill auctions on monday and tuesday, you'll see those yields jump because the fed raised rates maturities are going to tack along with what the fed is doing. further down the curve you go, the more bag these mature tis carry. people might want to buy them pushing yields down. right now, that's the only maturity look at one month of tens. hyg, high-yield etf. there's a th

. >> am looking at conocophillips. the stock is done almost too well this year hate bringing it up.he earnings were great to be all of the numbers, raise the dividend, buy back more stock at drop more than 1% for conoco that counts as a dip you want to buy. there just is not been a lot of it. these stocks are so strong energy stocks are minting money. and they are still relatively cheap conoco traits under ten times earnings. and as carlton mentioned earlier energy stocks are the only thing really earning enough money to keep smp earnings growing process is still the place to be in konica looks to be a good one. spit for thought ben thank you carlton and jack. check out the six edition of karen's roundtable.com but do not forget to follow us on barron's online. that's all for us will see you next week at barron's roundtable. ♪ elizabeth macdonald. you want to "the evening edit" on fox business. that's going to do it for us, thank you and have a wonderful weekend. >> from the fox studios in new york city this is "maria bartiromo's wall street"

conocophillips coming $20 billion of buybacks.little pressure will be. jeremy hunt in the u.k. proposing windfall taxes and some oil majors. sheer energy reported to report earnings. tom, how do you deal with this as a politician at a time when you need to be investing and you need them heading into the winter? tom: the windfall debate will continue. we know that for certain. yesterday, somewhere in the vicinity of two thirds of the way through the fed decision, there was a modest note citigroup. they framed out a 5% to year yield. to discuss that, the global head of credit strategy. how does your world change if the two year yield moves from .0% to 5.0%? what are we going to live with a 5% to year yield? >> thanks for having me. i think the conversation around a 5% yield both in the front end and the two-year is important, as well as on the -- curve. with the 10 year. tom: oh, my word. is it about halloween? winnie: he is disappointed that we could only buy $10,000 worth of moves. tom: [applause] winnie: he is set on buying a mon

. >>> quarterly results out from co conocophillips they're reporting $3.66 a share.een expected. >>> let's talk energy policy and the midterm elections. joining us for that, energy aspects founder and director of research, also capital founding partner and a cnbc contributor i don't know if he hears us. you're on camera, dude let's start with you and talk through what's happening this has been a crazy year, a crazy maybe three years to watch what's happened to the energy markets. everything we've been waiting to see with ukraine kind of playing out at this point and this potential for the eu ban coming up what happens are we prepared as a global market where do things stand? >> i think right now confusion is the word. even today we've had people asking us, oh, does this mean even with the embargo going ahead that the price cap will allow europe to import oil and, no, the answer is no but there's a lot of confusion and there's already confusion around the u.s. spr given that president biden has basically said that it is now going to be used to influence prices rather