first thing is halliburton all year has been going along with xle index.hink if i'm going to buy an individual stock, what is going to make that out of form and compensate me versus just buying an etf in the energy sector. i think what jpmorgan was alerting us to is that half their earnings is really about opec and stuff outside the u.s. shale. and i think that if you're looking forward, where are we going to have more cap ex? i think opec's going to have to do it. they can't even get their quotas down they're going to have to spend, because they're been underspending for years and years and years. do we think that's going to be the same amount of spending for shale? jpm doesn't think that i'd have to agree with that. if you think cap exspending is going to happen, think covid lockdowns in china are going to stop a soft landing for energy? how is a good individual stock going to jack up your energy >> the next one, enphase do you like this idea this is recession proof? is anything recession proof? >> i love when analysts tell me. it's like a little -- warm

we're saying short west lake you can short almost any chemical play here against halliburton. that's bad. >> paul, thank you good to see you. paul sankey, sankey research tim. >> $120 oil prices would be great for oil equities except it's not high oil prices are not an environment to necessarily be chasing oil stocks because no one believes those prices are sustainable. if you think about where most of these integrateds and the up stream are priced, off a $70 oil curve which is where we are. i've been hally burton and schlumberger for two years the oil offshore drilling market is getting very tight. wells that were drilled but not completed have all been maxed out now. there's a lot of fresh drilling that needs to go i think you can stay in this trade. >> you like energy, michael. >> we like energy a lot. we like it from a longer-term basis, more a secular point of view the demand side, if you get a recession, it's going to take energy a little lower, right on a longer term basis, we're very, very constructive, energy and commodities in general that's a trade for higher inflat

halliburton , five of 10 from three point range.point game. the pacers led by just one after quarter, whereas then gave up 47 points in the second most they have allowed in a single quarter all season. down at one point by 25. the warriors trailed by 20 at the half. then came an unlikely comeback in which the warriors outscored the pacers 30 to 19 in the third, steph curry with the long pass to jordan's pool to have pools 20 curry had 38 when he put a jonathan commingle missed back and was fouled the words within three at the 4 16 mark with the entire fourth quarter still to come. and then things got bad again for the words curry hurt his shoulder when he got a piece of the ball on this play. his evening was over there have an m r i tomorrow. draymond. green fouled out of the game when he picked up his second technical he's trying to rally behind the bench players and got it down to a one possession game late, but the pacers put it away here, andrew them part shot in the land gives the pacers a six point lead with 12. seconds left.

even if all the permits were approved today and there's only so much halliburton and stronger and support for. want to drill. so there's a lag time, i get that and the piece on the pipeline would probably take another year but we need to start moving in that direction and our adversaries show themwhere not going to depend on our oil . >> i'm glad you mentioned venezuela because i want to ask you about the recent news which my colleagues and i have a break in the wall street journal. about the waiver for chevron to go and pump oil on the condition that venezuela come back and talk to the administration defends it although it's gotten a lot of criticism from republicans especially because they think it was necessary to use a humanitarian crisis and ultimately we are in an energy crisis and if there was a time now is the time. i'm curious. the trump administration was very hawkish but given the global circumstances and the massive humanitarian crisis do you feel that this approach is one that at least should be if for no other reason because nothing, we were making progress in venezuela. >>

even if all the permits were approved today and there's only so much halliburton and stromburger and support for folks who want to drill. so there's a lag time, i get that. the keystone pipe hein would probably take another year. we need to send a message that we're not going to sacrifice for oil. vivian: i want to talk to you about some recent news we just broke in the "wall street journal," i'll plug our article, about the waiver for chevron to go and pump oil on the condition that venezuela come back to the table and talk. the administration defends it though they've gotten a lot of criticism from republicans especially because they say it was necessary to ease the human tain crisis and b, we are in a global energy crisis and if there was a time now is the time. i'm curious, you know, the trump administration was very, very hawkish on venezuela in particular. but given the global circumstances and the massive humanitarian crisis, do you feel that this approach is one that at least should be -- for no other reason than because, we western making progress. robert: we had a number of

tyrese halliburton from the deep. indiana led by as many as 25. but curry and the warriors have some dog in them in the third. they muscled up this put back and he was fouled. about two minutes later , this happened. trying for the steel, he hurt his left shoulder. he left the game and did not return. he will have an mri tomorrow. fast forward to the fourth quarter. green is all over him. he is off-balance. he was given a technical for some magic words. a second technical send him to me showers his knight over. when myles turner did this, that just about did it. pacers won 175-119. the overall record is 3-13-14. here is coach on curry. >> he is in good spirits. we will hope for the best. this has been a tough start to the season . we are in a tough stretch. maybe it will get more tough if he is out for a little while. i mean, if he is out, it will for sure get tougher. >> the 49ers, we will get a lot of answers tomorrow night at seattle. 5:15 kickoff. will they recover on four days rest? how thin is the defensive line question mark and brock purdy

halliburton, five of 10 from three point range on the way to a 29 point game.acers led by just one after quarter, but the wearer's then 47 points in the second, the most they have allowed in a single quarter all season down at one point by 25 the words trade by 20 at the half. then came an unlikely comeback in which the warriors outscored the pacers 33 19 in the third. steph curry with the three that isn't exactly all net , but it counts. curry had 38 but wasn't there at the end. we'll show you why, but first curry puts back a jonathan commingle missed three point play brought the warriors to within three at the 4 16 mark with the entire fourth quarter to come. but then things got vatican for the words curry hurt his shoulder when he got a piece of the ball on this play. his evening was over draymond green , then fouled out of the game with his second technical warriors tried to rally behind the bench players got it down to a one possession game late, but the pacers put it away here. andrew name heart shot in the lane gives the pacers six point lead with 12. se

slb, hall la burten, schlumberger and halliburton, conkoco philips up and oil up $75 a barrel.nomists weighing on tesla market cap down to about $450 billion. falling behind johnson and johnson. eighth largest u.s. company by market cap quite, kelly, another decline for tesla today, but i read something over the weekend that even at its now reduced market value, it is still larger than x many of the other traditional automakers combined? >> exactly. >> or gm, chrysler -- >> while those legacy automakers are trying to pivot, we acknowledge heading into a future more powered by evs than not. that to contendky. the price drama. david faber reporting this morning tesla trying to find another ceo at twitter and you have, go on twitter. still people like the arizona senate master whose have mooted as a possible ceo contender, explaining, no, i don't want the role what i might do if in charge of the company. musk is not out of the picture yet and the amount of wealth he's lost in tesla while trying to fix twitter and make it successful is an, brought the market cap of tesla back to wh

i think that carries halliburton. the 20 point game at halftime. let's go to the 3rd quarter.really. this is really right here with steph curry again. cleans up the mess. 3 points the hard way. now. this is what everybody will be talking about until we hear from the doctors. steph, goes in for the steal. hurts that left shoulder. let's take one more look he would leave the game and not return. he will get an mri on thursday. he finished with 38. 7 and 7. not great under 2 minutes to go. warriors still hanging tough. dante de vincenzo. hand down man down, giving all 3 of them. he makes it. it's a three-point game. but the pacers got a couple stops. and andrew nembhard. the score. he killed the warriors last week when they're in san francisco and warriors just couldn't do anything right. they fall one, 25, 1, 1913, road loss. but steve kerr remaining optimistic. >> and she's got a purse of erie. just keep playing. you keep fighting. it's a long season. the thing i'm very, very confident about is if we're we feel like. you can beat anybody. and if we do i feel good about our team

he was, i think, angry that you had been criticizing halliburton, the company i had briefly left. yes. and he told you a phrase we can't repeat on c-span, vulgar phrase about what you should do with yourself. tell us about that. were you surprised when i was? you know, i don't in my dorm room before he was vice president and i were i was surprised at that. and it i never said a word about. it was the republicans were saying they were so shocked that they didn't agree with him during that. and a lot of them were like to see them do as other vice presidents have in both parties. you know, go back and forth to the floor and they told the press about it. so. they. i was up for reelection that year. somebody came up with the idea to have t-shirts to annoy cheney, vote leahy and doonesbury. garry trudeau had six, six days of cartoons about it, and we got his permission to have one of the panels on the shirt there. so now immediately we had to redo over and over again. they still show up around the country, but then i remember -- cheney had been down in texas at a hunting trip and accide

halliburton left iowa state after a sophomore year. but tyrese told me they became really close friends and he was actually want to wear brock purdy jersey to the game tonight, but it didn't arrive in time. but i asked him how should forty-niners fans feel about broc going forward? he said one thing about broc. you will always be ready for a challenge and he will never be too scared of the moment. so i guess that music the forty-niners fans ears. but that is all i have here from chase center reporting live. back to you >> take a look at the newest addition to the happy hollow zoo in san jose. aren't they cute the endangered when packery to pig like animal with chris lee here in a tough snout. the species was once considered extinct, only documented from fossil fragments until some of them were found in south america. in the 1970, the males joining the zoo in san jose are for a roughly 3,000. packer is left in the entire world. >> the association of zoos and aquariums species survival plan. listen, packer ease and a priority animal to s

him, what came out in the truck and what didn't, and his involvement with vice president cheney, halliburton the iraq war was all about. >> viktor bout never had any particular allegiance to any government come to any ideology. viktor bout was all about profiting. he was all about bringing -- using pilots and planes and being the federal express of weapons into any conflict zone where he could make a profit. even while he was on sanctions, a sanctions, u.n. sanctions, eu sanctions, he still managed to evade those sanctions. it was during the war in iraq when he pulled the wool over the eyes of the department of defense, the pentagon, and he was used for approximately 140 flights of bringing in logistical supplies for the u.s. while he used that cover in order to supply weapons to the enemy that we were fighting at the time. so we are talking about a very maniacal and a very sophisticated arms dealer. and he is one that being on the loose again should cause us all -- should cause a lot of concern. from a national security perspective. but from a human rights perspective as well. amy: and the

reconstruction whether its construction companies, the parsons or morrison knutson or the big companies, halliburtonthey have to have an opportunity to participate. i hope our ukrainian friends are going to look at, whether it's airlines landing slot would have the issue is, good deals on exports and on tariffs, i hope they will look at the investment the american people made in the freedom and realize there's a benefit in having america involved, economically involved in the country. so again i don't think we should make it a condition. i don't think we should make american commerce andnd take advantage of our support for democracy and freedom around the world for economic gain. at the same time we ought to make sure that the chinese are not benefiting our efforts and our blood and treasure. i mean, i keep thinking of the copper mine in afghanistan which we build a road, we supplied the security, and the chinese took the copper out of afghanistan and took it back to china. that sort ofch thing is absurd d we need to make sure that doesn't happen. again we ought to be looking for every opportunity w

the big names, the higher beta names, were generally trading up at the open, like apa, eog hall halliburtonlso up. this is rather remarkable here when you consider the fact that oil is sitting near the lows for the year energy stocks are not really buckling at all. they're off of their highs, but they're not even close to really buckling let me show you the chart here this is what's very strange about this so, there's the -- the orange is oil prices, and the bottom is energy stocks, and beginning in the middle of october, they have diverged now, they don't necessarily always move one for one on a daily basis, but they tend to move in the same direction this is a little strange, the divergence, with oil that's the white line. i'm sorry. oil is moving to the downside to dramatically, and energy stocks holding up so well so, it's easy to say somebody's wrong. remember, though, oil reflects near-term. this is a contract that is the near term oil price contract, whereas energy stocks reflect the opinions of investors 6 to 12 months out. so they don't necessarily diverge on the time horizon. inve

snap that five-day losing streak we're keeping an eye on the energy sector where schlumberger, halliburtonon the board so far the moves come amid volatility in oil prices after hitting 2022 lows yesterday we have loosening covid restrictions in china, also perhaps supporting prices alongside tanker bottlenecks related to the cap on russian oil and disruptions in the keystone pipeline here in the americas as well so, those oil prices down in the session. there's more ahead on "squawk on the street." we'll be back after this break fe country, not in new york city. robert frank has more on the city's growing affordability crisis why? >> well, rents are cooling in much of the country, but manhattan rents saw another increase in november the median rent up 2% for the month. up 19% over the last year. the average rent in manhattan over $5,200 a month. this creates two problems. one is affordability the other is for the fed rents are a big component of cpi. new york is the nation's largest rental market. you have elevated or rising rents in manhattan, that will put upward pressure on the cpi whic

. >> i will single out companies like halliburton or amazon that pay nothing in taxes in our need tocriticism. and basically, it becomes a symbol of all of his problems. >> amazon is closing 30% of america's stores and malls and paying... >> you're basically a piñata dangling in front of any politician with a populist message. anyone who wants to talk about wealth inequality, they're pointing their finger at you. >> this is why three people own more wealth than the bottom half. >> if they want to talk about problems with capitalism in general, they're pointing their finger at you. >> we need to enforce our antitrust laws, break up these giant companies. >> narrator: and it's coming from all sides. >> president trump just sent a chill down the spine of jeff bezos... >> the president again teed off against amazon on twitter. >> narrator: president trump has made bezos's ownership of "the washington post" a regular target. >> "washington post," bezos uses that as his lobbyist, okay? >> he kind of assumed that "the washington post" was operated in the sort of way that he would operate a

oil stocks lincoln national halliburton. >>> "avatar way of the water" guaranteed to lead the box officet to the original 2009 film was massive coming in at $250 million the director james cameron says the film would need to be the third or fourth highest grossing move to break even joining us is rich gelfand this is set to be the widest rel release of imax. rich, it is understandable with this film -- this film was made for imax full disclosure. i saw the movie this week. i saw you there. i talked to you a little bit about it this is one of those i want to go to the theater to see >> i think consumers will, as well, becky. there is early data that has come in. i know there is skepticism 3d and length of the movie i can't turn on a channel or listen to a radio show without people saying is it going to work i can give you an answer it's working in korea, it was the second largest opening of all time. in china, the biggest previews second biggest in china we ever had. in paris, france, second of all time in melbourne, australia, they have 1:30 a.m. and 4:30 a.m. movie times. this is phenom

you have names like con conoco conocophillips, marathon oil, coterra, halliburton, slb.re continuing this near-term up trend off the lows that we saw back on december 9th this time on concerns over lower oil supplies from russia all of those things are working their way through the market you have oil stocks working oil prices next up, shares. nutanix, cloud computing company, getting slammed down 15%. the down side is being driven by a report from deal reporter that said hp enterprises no longer in talk with nutanix. they say it's according to sources familiar that's the report that's driving the down side in nutanix shares. that's why we're bringing it to you. then we're going to end with shares of toro, theoutdoor law care product company it got up here to outperform to perform at raymond james set at 130 bucks a share toro having reported earnings and this is a stock that has seen decent momentum in that outdoor trade, so to speak, even post pandemic. toro is up 3%, up 12% definitely bucking the broader market me and the yule log behind me will send things back over