john hess liked it better as hess. >> and the hess trucks. >>> who needs those guys?ets commentator for some senior moments, mike santoli, what are you watching? >> the s&p 500 has been up the last 15 mondays in a row. we're not really set up for that, although the losses you mentioned in the premarket have been narrowed a little bit. so much piled on this market. we know what's going on with rates. under the surface, a lot more weakness. on the s&p, you have it dipping below that 200-day average. you could take another 15, 20 points off of this. we have a bit of an undercut here. still showing a little bit of wear and tear from the yield. i want to look at the yield curve, the 2 versus 10-year yield curve. not only are we getting up to 5% on the 10-year, obviously kind of a focal point of what's gone on because of that level, but also the yield curve has been uninverting. it was steeply inverted, now going back up towards zero. when it has been inverted and goes back to positive, that has been a precursor in the past with a three to six-month or eight-month lead time

hess is not doing anything. it's down. i mean, the reason i was asking john is there are people who are disappointed with the price, as you might imagine. >> and pioneer, look, my travel trust owns it. with the add distributions, we did really well. but carl, at the same time, boy, that ten-year is -- >> it's too delicious to resist? >> was that on john oliver we did the ten-year play? there's a moment where you're sitting and saying, you know what? new jersey general obligation bonds, three and change versus this nuttiness? >> even over google, amazon, meta? >> not me. i like the -- i'm not calling them companies. they're nation states, because they don't have to borrow. they're like the medici states, having just returned from italy, i wanted to get one reference in. oh, david, what time is it? >> oh. that's very nice. >> that's the official eagles -- >> do you want to share it with the class? >> i'd like to. my problem is this is the only good news. otherwise, i come in, and i say, look, i was watching the markets last week, obviously, and wow, the earning

john and i have been friends, great admirers of hess, i've been a great admirer of john for many yearsural evolution. i think we are both looking to improve our businesses and trade value for our shareholders. we had a nice conversation, as john said, in the beginning, the market wasn't recognizing the potential on the guyana asset in particular. that was the risk as we get closer and closer to the cash flow inflection. it has been a very friendly discussion -- alix: seems like it. mike: by the way, you haven't mentioned it yet, but we look forward to john joining chevron's board of directors and continuing to exert influence over this tragedy about company, and esq relationships -- over the strategy of our company, and he has key relationships around the world. john: mike and i have known each other to the industry for years and i have a lot of respect for him. i think he is the best ceo in the energy industry and one of the best in the united states. i have a lot of respect for him. alix: it was not a succession -- john: we were prepared to continue as an independent. we are submitti

we will look at mike worth of chevron along with john has of hess and then also delta.ives of tom keene. long ago and far away, army rotc reserve officer training, i was a winner of the daughters of the american revolution award. this is ancient history. it is just after the civil war. it is the kind of thing you do in college if you don't go to the military academy. someone who had a sterling career serving the nation was frank mckenzie. executive director of global national security institute and a former central command commander. he joins us this morning at the citadel. i speak here of natalie stewart, the marine corps winner this year at the citadel of the august award. what was it like coming out of an rotc your first day serving the nation? >> i was excited. i had the good fortune to actually go to okinawa. it was an exciting time, we deployed to korea. we did a number of things that were all challenging for somebody just out of college. it was a exciting experience and apparently i like it because i hung around for 42 years. tom: you are the 14th commander of ce

. >> i think this deal was great john hess might say, you know, look short-term, this wasn't perfect,ut i think that we are not even pumping and we're doing really well i think that is the bull market in this market i also think the gold stocks are about to catch up. people don't really care about those, but would i buy chevron sneer they did the right thing with hess, but i think, david, the most undervalued piece of property was next pioneer. >> is it weird that crude is down 5% this month >> yes, it is because i would have thought with what's going on in the horror of the middle east that you would have ex expected and many people did expect that crude would go up. i'm seeing downgrades of things like valero which are making fortunes here. it's quite shocking that crude couldn't rally in this because i think the russians are pumping extra. ukraine is winning right now that is not talked about at all. >> really quick, gas prices, $3.45. that's a seven-month lower lower than we were this time last year and that's going to benefit the consumer at least somewhat >> i'm going to do a li