anadarko owns the leaking well responsible for the explosion. holding community meetings and now offering free gas detectors to any home in the neighborhood as a way to calm fears. still, that hasn't stopped about 100 of these homeowners from launching lawsuits against the oil company as well as the developer and builder of the martinez home. anadarko turned down our interview requests, but colorado oil and gas association president dan haley says as tragic as this accident is, the public can still feel confident in his industry. >> we have been operating in colorado for longer than we've been a state. more than 100 years. we have drilled tens of thousands of wells. we have logged millions of man hours out in the field working and it is a safe industry. it is not to excuse what happened. it is not to forget or pretend that two people didn't die. they did. we need to do all we can do to make sure it doesn't happen again. >> reporter: some colorado lawmakers are now calling for much larger distances between homes and wells, something still staunch

but i go back to anadarko, find oil companies that can be profitable and take the share at $40. you have common mobile, down 8% year to date, it's actually up >> what i like is first of all, julian is talking about options and your risk. what have we seen? people trying to find a bottom what's really interesting, most aggressive buying we've seen in the last month, they've been wrong, but they're doing the right thing. because there's leverage and limbing risk in the highest beta names you can find in energy like weatherford and wieting and all of these two to four type names. >> from trash to treasure. a rally in some of most widely held names a number of classic dow stocks have been surging. dom chu, classic himself, is in the news room. >> i hope i'm not old enough to be a classic just yet, but i appreciate the sentiment but like you said, tech is not the only thing that's sexy these days you talk about the blue chip dow stock, many of which are at record highs among the best so far in here, united technologies. up 11% johnson and jo& johnson, up 17%. mcdonald's, up 26% a nam

cash flow and at $40 oil, they can have maintenance cap ex that will get them through you get drg, anadarko. >> should we be afraid that oil will not range bound, but the risk is is more to the downside? we're at this point where opec has already cut. and here we are in oil >> it seems like that range it's getting lower and lower. both on the high and low end if we break 40 and have a three and l on this, i think it impacts it i own some as well just concerned that can it c perform if oil continues >> i think oil is going to see a three, no question i think it's going lower structurally, it's wrong i think that you know, traders are betting on tomorrow's data expecting bigger draws based on the fact there was a storm going through et cetera. so i think two billion barrels per day is anticipated some bulls are saying six. probably around three and a half, four which is still significant enough ek wii tiss aren't believing that necessarily, so the commodity is trading ahead here. i think it's a sell. it's going a lot lower >>> our next next tom lee made a call on energy just about a month ago

anadarko, it's been a tough go fitbit, though, on the other side it's seeing nice gains since june 1stnd maybe investors are hungry for some fast food stocks. yum brands and mcdonald's, both at all-time highs. >> seniors cost more to insure and require more medical care. why shouldn't they pay more for health care coverage let us know what you think e-mail us at powerlunch@cnbc.com. we're going to debate it straight ahead a benchmark. flexshares etfs are built around the way investors think. with objectives like building capital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. your insurance on time. tap one little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates

at one-week lows, marathon, anadarko and newfield.d to dominic chu. >> in the entire sector, the stocks are on the highest rise jpmorgan and goldman sachs helping to lift the dow overall. check out the ticker xlf it appears over the last three days those traders have stepped up to buy that dip guys, back over to you. >> dom, thank you. >>> workers at ups break decades of a tradition and freeze pension plans. morgan >> ups will freeze pension plans for nonunion workers and will contribute to any beyond savings employee matched the move speaks to a big trend incorporate america right now. ballooning pension liabilities and the effort to quell them ups had a nearly $10 billion pension shortfall. so in light of this, we've got more plans that are being frozen with employers shifting to hybrid pensions and defining contribution plans like those 401(k)s. from 1998 to 2015, the percentage of fortune 500 employers still offering the defined benefit plans to new hires fell from 59% down to 20%. and 39% had frozen pension plan altogether some o

vision blizzard, align and within resorts technology and health care the losers, transocean, macy's, anadarkopretty sure that's because amazon is in there illinois has been operating two years with no budget the deadline for lawmakers is tonight. leslie picker is out in chicago are how the land of lincoln is dealing with the budget battle and how it's affecting residents. >> it's going to take a lot of lincoln pennies to get ill i will out of this mess. today the illinois house has made some progress, passing a $37 billion spending plan but it's sorting out the hard part, how they are going the pay for it time is running out as springfield is less than nine hours away from a deadline to produce a budget for 2018. blowing through midnight could be a big problem s&p said it would likely downgrade illinois's debt to junk the first state to reach that level and the house speaking madigan would ask them to delay any changes to their ratings but it's clear patience in the state are running thin illinois announced it would shut down road construction projects because it can't pay road construction w