As global gas demand is expected to grow, EQT CEO Toby Rice outlines what the rising energy demand means for the energy market.And now it is market domination overtime sponsored by Tasty trade.Let's start with where the major averages ended the day here and we see them moving back down towards the lows as we close out the session, the dow off about 100 and 73 points.
And as we've been discussing, we saw investors kind of go to where they see as relatively safer areas going into us.Interestingly down about 3% gold though, catching a bid and then the other big thing to watch has been crude up 3.2% on maybe some increased concerns about what's going to be happening to supply out of Iran Jared.
Um So, so, you know, so right now we're, we're um I wouldn't say we're skeptical but we're, we're kind of waiting and seeing a little bit oil is moving a bit and, you know, obviously kind of like, like things that are, that are tied to global growth, they sold off a little bit today. So like, so that from a positioning standpoint, that is some that is definitely some some, some, some fire under the Tinder um is, but the other thing is, you know, President Xi came out and, you know, essentially gave sort of a, some encouraging words with respect to stimulus, something that they really have never done before on, on this entire thing that plus the idea that they're gonna make it easier to buy houses for speculation.
But, but as far as, as far as a trading position or as far as kind of a medium term allocation to at least, not be short it, or at least not be underweighted.Um Let's bring it back here to the US because you're looking at the US consumer, the US economy.So how, how are you thinking about the, the backdrop here?Um And overall as something that's normalizing.
I, I mean, you know, health care like you can't be short tech just like you can't be short China right now. Like you can see some pretty clear lines where that technology can really make, you know, make those processes much more productive and, and, and much more powerful.And otherwise, you know, we do think this is the, this market is gonna broaden out like finally, um you know, like it may finally be the time for some smaller, for some smaller names, maybe finally, some time for the, for the 44, the 493.And interestingly, you're also looking at home builders here.
And Toby breqt CEO is joining us now to discuss, you know, we have been talking a lot about the increased demand for electricity that's gonna be fueled by A I and by data centers.Well, it's pretty remarkable after decades of stagnant power generation, we're gonna actually see low growth increase in this country for the first time in decades.Our view is that we're going to see power generation demand needs increase over 75 gigawatts.
If you think it's hard to build a five acre oil and gas location, try building a 5000 acre wind farm or solar facility.And that means that political force needs to take a backseat and let market forces come back and start driving to make sure that the cleanest, most reliable, most affordable energy makes its way to the marketplace.
Um They want it to be the wind farm, they want it to be in the case of Microsoft the restarting of the nuclear plant and, and to your point, yes, these are sometimes difficult to construct, but that's a market force.So I wonder if that is going to be a limiting factor at all for the demand for natural gas specifically to power those types of facilities.
We need to be moving to a best of the above approach towards energy and that means the most reliable, cleanest, most affordable. I'll be selling gas in Appalachia uh this winter for about $4 and people in Boston uh will be paying 10 to $20 for that natural gas that uh is, is purely a symptom of not having enough pipelines.
Excuse me, I'm miss speaking here, earnings, missing revenue missing Josh, you've been looking at these numbers longer than I have.That'll be interesting to hear more about why that is on on the call.I'm looking for, I don't know if you have the release, but here it is the CFO saying Nike's first quarter results largely met our expectations.
And so now the ability to have um copilot vision, operate your phone or your PC um to listen to act on your behalf is gonna change completely how we use our devices.
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