we own antero midstream, which is the midstream arm of antero resources.ero resources today is trading just above 37 bucks. okay. if natural gas stays above $4. and on friday, jim cramer mentioned he believes it's going to $5 if it's just stays above four. we believe antero resources has the potential to go up 50% from here. and if it hits five if there's $5 gas, it's going to go a lot higher than 60 bucks. >> you manage this, as you said, your fund for a long time. you've seen some rough periods as well. what gives you the most concern right now in terms of the how confident you are in your thesis? >> so our. >> always our largest concern is the macro economy okay. and it's not just the effect on energy, it's on all of the segments. so be it. the 2008 financial crisis, be it covid. okay. so you know, you know, geopolitics and more importantly, how it impacts the global economy. because again, we are mainly volume and throughput. so the economy is healthy. we're going to continue to see growing consumption of energy products and especially natural gas and

you inherit a lot of active litigation and investigations, market studies so coming in midstream with a whole bunch of matters and figuring out what are we going to do with these? i was not sure when we started them. how do we start creating capacities for the agenda items we want to prioritize. all of that just takes time so it was at least 12 months in that some of the core general items that i wanted to advance really got to even seeing the light of day. the other important task was building the right team and who was the right fit for what type of role and i was so grateful to have warm colleagues at the f.t.c. and my colleague, commissioners, had been there were longer and i had to figure out how did this execution work. the f.t.c. is a unique institution in a full set of ways and it has been interesting as i engage with enforcers around the world to realize a lot of agencies across the world are thinking through now how do we create a agency combining competition, consumer protection and privacy appear those three are deeply integrated in one building and something that is impor

and as the academic journal science reports yesterday alone, officials, officials halted midstream a training workshop for junior scientists called off a workshop on adolescent learning because, gosh, we don't want that, right? minutes before it was to begin and canceled meetings of two advisory councils, panels that were scheduled. to review grant proposals also received 11th hour word they wouldn't be meeting staff also got word of an order directing the immediate and indefinite suspension of all travel for nih employees. and as nbc news reports, nearly all scientific communication coming from federal health agencies, including the nih, the centers for disease control and prevention have been stopped until further notice through multiple directors, the trump administration. >> now, on. >> that last point, communication phrases like that have happened before during the transition to a new administration. but again, to be honest, a lot remains unclear and that muzzling could be really dangerous if we have like a huge outbreak of something. and right now it really looks like health re

. >> they call pipeline or midstream stocks. they're also down. ten. >> 13, 14%. >> what i mean.hen people say, well, is this a moment like in the 90s when what we thought we needed for the build out of the internet, we actually didn't need or at least the valuations that were applied? is this that kind of moment? >> i think. >> we're going to find out. >> because i think to your point. >> i know that, you know, you and i get some of the same emails and your frequent guest, john. >> spallanzani. >> and some others, you know, the. >> idea is sell first. learn or. >> ask questions later. >> and you. >> look at it okay ge bring up. ge as. >> your stock. >> ticker i'm on the phone so i can't see it. that stock. it's a power company. >> they're down. >> 22% okay. >> broadcom avgo. chip stock. i don't know much about it i know christine. >> and others do. >> it's down 18%. here's the point. >> i think wall. >> street today is selling. first and asking questions later. >> we're going to have a lot. >> more comments from the ceos. i will remind viewers that we had the ceo of nextera ener

we knew that would be difficult for some of these companies, so we were looking more at the midstreamnts of the oil and gas and energy companies versus the upstream or utilities themselves. you can make that shift. if the expectation start to move higher again, you can add a little bit more back to that part of your portfolio. lisa: another aspect of the trade, something that jim beyonca pointed to come algorithmic buying. does that change your view with the fed's speak this week, so much expectation around growth, even inflation, does this put a damper on that given where the stock market goes, so, too, does sentiment. victoria: i think it does. we have been talking about the rise in the longer end of the curve. breakevens have held steady. it was due to term premium, the growth we were looking for. imf was saying 3.3% globally over the next couple of years. i have a feeling that will come down if the story comes down and continues the way it is today. that is why you are seeing that locker and part of the curve come down. that steepness of the curve that has been a benefit for finan

he'll take the net gas business, the land and maybe the midstream business and spin it off and have andnd they'll be able to do it. >> mary, let me ask you about american express. that's in your top ten holdings at gamco. earnings are out today. what do you think of steve squeri at the job. he's been doing that stock i don't know where it is. this morning it was up. >> it's about three months. that's. >> i guess. >> so steve squeri came on board. continued to do what his predecessor was doing, but did it and became a summa laude ceo. okay. and that is going after a certain customer and getting that spending. at what price does it discount the upside? and that's what you have to be practical about. >> and your thought is. >> we're okay with the stock. obviously we're not incrementally buying it. if one of our 1400 clients gets over 7%, we trim it back, assuming particularly if they're tax free or they're an institution that doesn't like an endowment. so we match the hatch so we don't buy an etf. we are looking at with a precision idea on a stock, but also for a client that we make mistak