big brian sullivan. over to you in dallas, brian. >> all right, mandy. thank you very much. we're here for a very rare and exclusive interview with kelsey warren. the ceo of energy transfer. ete, etp, fxl, and sun. doesn't do a lot of tv and we appreciate you coming on to cnbc. we had planned to come and talk to you about all these things about natural gas and oil and we will, but you and i were chatting off camera before this and you said you thought there's a chance that transcanada might actually be pleased with this decision because through all the rhetoric the pipeline may not be economic anyway. explain. >> i don't believe the pipeline has been economic for a while now. there's just not the spread. transcanada, these are bright people, very bright people. for them to go through the permitting process and all this ridiculous process they've gone through, of course they would like to see the permit received but i don't believe the pipeline gets built, not during these economic times. >> if somebody said let's reset, start over, transcanada, you have the ability to resubm

my good friend, tyler mathisen, is off today but brian sullivan will be joining me live from dallas. of transcanada are tanking today after president obama rejects the keystone pipeline. what now? and what does it all mean for oil and oil prices ahead? we're going to be asking these guys. brian is speaking with ceo of transfer energy partners kelsey warren, plus mark cuban and kyle bass. also with the stronger pace of hiring today,

brian sullivan, news alert. rig count. >> yeah, and something has happened that has not happened in 11 weeks. rig counts went up, not down. not a lot. according to baker hughes rig counts increased by two last week. we're still down over 1,000 from this time last year, but this 11, 12-week slide in the number of rigs every week is officially over. we are up two. we keep talking about the need to keep producing oil and guess what? i know jackie d. is coming up next, but oil falling not a lot but falling on the news, $40.36 is the level to watch. rig counts up for the first time in 11 weeks. back to you. >> brian, thank you very much. and let's go down to jackie deangelis at the nymex. >> hi, tyler. prices today nearing a 3% decline, another week where we might see nearly a 10% drop in oil. the intraday low $40.36, so getting very close to that psychological $40 level. now, we had the iea monthly report out saying there is a world oil glut. 3 billion barrels in storage. this is very significant, and also saying th

. >>> i'm brian sullivan. as "power lunch" rolls on, it's a busy day today but it gets even busier later this week. we'll set you up for all of it and bring you some trading ideas around tomorrow's headlines today. >>> plus, hillary clinton wants to spend nearly $300 billion on infrastructure. we're going to find out what stocks could be huge winners in any building boom. >>> and why is it so darn hard to figure out exactly what consumers are buying? estimates are all over the place. we're going to dig into the real retail story. that as "power lunch" rolls on. >> thank you very much. we want to take a closer look at two sectors that have been moving in opposite directions, consumer discretionary, top performer so far this year, up more than 12%. energy sector the worst, down about 14% year-to-date. which one is the better place for your money now? on consumer discretionary in this corner we have charlie bobrin bobrinskoy and hugh johnson ceo of hugh johnson advisers. charlie, tell me what you like in consumer

jeb is most capable. >> brian sullivan. >> senator, brian sullivan, thank you for joining us.he future of coal? is coal dead? >> coal has been challenged because this administration has basically gone openly and it's been open from warfare against it. the bottom line is, over 30% of our energy in this country comes from coal. the question that needs to be asked and the president should answer, gina mccarthy should answer, if coal was not produced for 90 days, not another ton of coal was delivered to a plant in america for 90 days, what would the country look like? how many people's lives would be in jeopardy? we need to be open about what we're dealing with and if we need in product, let's use it in the cleanest fashion. that's all we've said. >> all right. let me quickly ask you about your -- i think you have a charity event tonight. >> yeah. >> reconnecting mcdowell. sounds like a worthwhile. >> you and joe were invited through your contacts there. we would love to have you. we'll be on the boat tonight. >> oh, on the boat. >> charity on the boat. steve clemons. >> finally,

brian sullivan is live in dallas. he's on a plane right now heading down there.mong his guests kelsey warren, kyle bass, and mark cuban, dallas mavericks owner and a nice guy. all those things coming up on the show tomorrow. we'll be back after the break. awe believe active management can protect capital long term. active management can tap global insights. active management can seek to outperform. that's the power of active management. every insurance policy has a number. but not every insurance company understands the life behind it. for those who've served and the families who've supported them, we offer our best service in return. ♪ usaa. we know what it means to serve. get an insurance quote and see why 92% of our members plan to stay for life. ♪ at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. >>> it's time for the your business entrepreneur of the week. gary's family saddle shop has been on the same street in downtown minneapolis for over a cent

brian sullivan will anchor a special series of interviews live from texas.yle bass, kelsey warren, energy transfer partner ceo and, of course, a little mark cuban for good measure. that all begins at noon eastern time. sflo quite a day to have all of those people there. meanwhile, let's look at the markets which are digesting an exceptionally strong u.s. swrobz report out this morning. >> reporting a blow-out jobs number. 271,000 for october. is the trend likely to continue? chief u.s. economist at deutsch bank and jim paulson, chief strategist at wells fargo capital management. great to have you. let's start with you. everyone is calling this pristine, perfect, textbook. it seems like it's putting a lot of pressure on. >> it's a great report, there's no question. the reason why i don't believe it's likely to continue is simply put, swrob growth typically slows when you get to 5% unemployment. it doesn't accelerate because you are running out of people. it's more likely that the wage number we saw today would show a decent acceleration. that's more likely. t

. >> let's go now to business and bring in brian sullivan from cnbc.e seen some reports they make $50 million a month on the black market in their oil holdings. i'm not quite understood for some time why we've allowed them to continue to amass that fortune. what have you found out in your investigation? >> joe, good morning. your totals are about right, treasury estimates $500 million a year from oil revenue, could be higher or lower. it's impossible to know. to your point about how we allow this to happen, we don't. we have started to make strikes on some of the oil fields but keep in mind there's a difference between a refinery and field. oil fields can be hundreds of miles of wide with thousands of individual pumps. that's hard to single out. refineries tend to be easier, big operations. here's the problem, isis uses mobile refineries and often individuals almost like a whiskey boot leger using small refineries to disstill and refine the oil. there maybe hundreds or thousands of these mobile refineries. not just a case of let's blow up this refinery

let's get to brian sullivan at the nasdaq with a news alert. hi, brian. >> mandy, how are you doing? it's the weekly rig count numbers by baker hughes and we lost ten oil rigs. the rig count down ten week over week. natural gas rigs by the way stayed flat. nat gas likely to stay under pressure. wti crude not moving on that. the rig count is down but the market clearly waiting to see a decline in production. yes we lost a couple hundred thousand barrels a day in america but the rest of the world has more than picked up that slack. we're still pumping 1.5 to 2 million barrels of oil a day. the rig count is declining but it's not impacting the ovmarket. if i keep doing this, i'm going to call myself old man and the sea drill. >> oil did dip below $40 -- >> the back of dom's head. >> i'm watching right now because i'm trying to follow this rig count data but also watching what's happening with shares of alphabet. there's so much going on here. we made steady gains up for alphabet. this -- google announced it's going to hire diane green to run it's c

i'm brian sullivan. melissa lee is at the nasdaq. let's start with apple. apple shares taking a hit after credit suisse announced they lowered the hardware performance by 10%. we've got two apple analysts to day. outperform still and collin gillis with a hold rating. he's going to join us in a second. dan, we'll begin with you. following up your appearance last night this morning, you say that many people are infeeffecty yelling fire in a crowded room full of apple stock much it's nothing to worry about. why? >> the timing is impeccable. you're seeing a lot of bears yelling fire in this crowded theater. just like we saw three months ago. it comes down to iphone 6 sales are strong. especially on the holiday season. now guys are going to worry about march and june. we see the forest through the trees. the strength is in the channel. we'll see year over year growth. and it sets us up for the blockbuster iphone 7. i expect given why the groups, they'll say similar things over the next week or two in the supply train. it's an opportunity just like we saw three m

i'm brian sullivan. melissa lee is joining us from the nasdaq.e'll have more on oil in a bit but we begin this monday with the red hot consumer sector, especially the beauty companies whose shares have looked do downright gorgeous lately. estee lauder and coty surging over the past month. the entire group has been rallying. that sector up nearly 7% in the past month. let's get some ideas and best ofs with charlie, vice chairman with ariel investments. are you selling any of these names or will you continue to ride the consumer trend? >> well, in general we think the american consumer is in better shape than most people think. a lot of the biggest consumer stocks tend to skew towards higher net worth individuals. so an amazon, we think of a democratic company but the average user is above average median income and the above average people in america are doing better. so we are sticking with these names. >> what's interesting though, you like a name like stanley black & decker which is not really a consumer name, is it? >> well, if you go into a ho

well, our brian sullivan is speaking with hem. he's hopefully got some answers and he's joining us live from boston. hey there, brian. >> yeah, ironically many of the wall street guys are actually in boston today, mandy. thank you very much. it's a good day to be here at the schwab impact conference because there's so much going on not just with oil, with greece, but also over the past 30 or 60 days. we've seen big moves, particularly in bond yields. the question is what does that mean for financials and the banks? probably no better person to answer that question than the guy sitting right here, so move the candle ra to the guy sitting right here. been investing in banks how long now? >> 19 years. >> the ten-year yield moving down a little bit on the volatility but we're up big from where we were a few months ago. how is that going to impact banks and financials overall? >> they're going to get impacted more if the fed raises rates. if the libor starts to move up, if prime starts to move up, they're going to make more money. the y

i'm brian sullivan. melissa is at the nasdaq. as we noted, it is a weak start to the week.s down by 200 pountint led lower by pretty much everybody. but we have got to get right now to bob pisani at the new york stock exchange because shares of norfolk southern have now reopened after a brief halt. what do we know, bob? >> well, they're up rather noticeably on good volume, up 11%. norfolk southern was $83 and change tooling along here down along with the rest of the transports. suddenly news report came out on bloomberg that canada pacific was considering a takeover of norfolk southern. we have not confirmed this. the companies have said nothing about this so bear that in mind. the stock was briefly halted. good volume up about 11%. canada pacific also up about 4% on that news as well. it's been overall fairly -- there you see the move. it's been overall a fair ll llyh day. we're down 200 points. this is the roughest day we've had in the last five weeks. the important thing, higher rate worries is the main issue for the markets. on top of that the global economy is still we

. >>> hey, everybody, i'm brian sullivan. coming up in the next hour, is obamacare in big trouble?ica's biggest health insurers may be about to make a bold move. >>> plus, what one big hedge fund is trying to do to force yahoo! to get a better shareholder return. >>> and do you think oil is low now? you won't believe what goldman sachs is saying could happen to crude? all that is coming up as we're live from the nasdaq for a big second hour of "power lunch." >> you get around. let's look at what the markets are up. a bit of a blah day. the nasdaq is marginally higher by nine points. the dow is also just marginally to the upside. not a huge amount of activity going on. energy is lagging, crude is down by 0.7%. we'll bring you the crude close in about 35 minutes' time from now, and wednesday's gains, so yesterday's gains put the dow and s&p and nasdaq into positive territory for november so on top of that, marginally we're still, of course, holding a positive month to date. let's take a look at gold see what that one is up to. the dollar is a little on the back foot today, but let's

i'm brian sullivan. we begin with retail because shares of macy's are getting hit hard today.his follows disappointing guidance on their earnings call. as bad as it might be for macy's could it be good for another well known retailer. matt, first to you, are you shocked by what macy's said last night because you did cut your price target by a pretty healthy amount. >> no, we're not shocked by the results. we put out a preview on monday, and it was probably the most negative that we've been on retail in the last couple years. i think you have an environment, you have excess inventory bill in the channel. you had a horrific weather environment for all of the retailers. promotional activity building. macy's results were not a total shock but what's surprising the market is the overhang. you have the excess inventory. you have promotional activity that's definitely going to be higher for the fourth quarter that macy's was talking about. ralph lauren has talked about it. so the question is where can you safely hide? >> jan, friend, let's talk about the weather. i get it. here is my

. >>> i'm brian sullivan. we have a huge show coming up.are just minutes away from the minutes as the fed gives more clues about whether interest rates will be on the rise in december. >>> oil briefly dipping below 40 bucks a barrel. the question now, can it hold that level or are we going lower? we're going to take you live to the nymex for the crude close ahead. >>> and the american medical association has a message for prescription drug companies. stop directly advising for consumers. it's a $4 billion a year business and we'll talk about it. >>> and bruce smith is in the house, nfl legend. we'll talk about his growing real estate empire. >> thank you very much, brian. as we continue to await the fed minutes shts letceutes time, we one of my fellow countrymen. thou do you think there's anything that could come out of the minutes that could change the way we're thinking about the future. everything is sort of going around that way and the markets are taking it in sprid. will we think differently in three minutes' time? >> i think we have

. >>> i'm brian sullivan. in the next hour we'll continue our coverage of the paris terror attacks.we become uneasy allies now with russia? we'll take a macro look at strategy around goals in the middle east. >>> plus, how to hurt isis by cutting off the one thing the terror group needs most, money. even with the awful events in france, wall street keeps working so we'll bring you some of the key analyst calls of the day. that is all ahead. >> thank you very much, brian. >>> the ongoing threat of terrorism is just one of many problems facing europe from the migrant crisis to economies still struggling back from recession. there's a lot of things going on. let's get to seema mody who joins us at the great wall of europe in crisis. and run us through here. >> absolutely, mandy, because this attack on paris really comes as european leaders scramble to address five other crises. first one, portugal. just last week portugal's ousting its government. the socialist leader expected to become the next prime minister. there are concerns over whether he'll lead the country in a different direc

brian sullivan has the week off but no fear, tyler will be with us in just a moment.e begin this hour with the deal of the day and that would be pfizer announcing plans to merge with allergan in an inversion deal valued at around $160 billion. it is officially the biggest drug merger ever. cnbc's meg terrell sat down with the ceos of both companies earlier today and she joins us live from outside pfizer's headquarters in new york city. meg? >> melissa, that's right, as you mention the largest drug deal in history. pfizer offering 11.3 pfizer shares per allergan share amounting to $363 per allergan share. $160 billion in total deal value. this would create the world's largest drugmaker selling products from the lipitor -- the combined revenue is expected to top $70 billion in 2017 and the two companies are expected to have more than 100 programs in mid to late stage development. of course, it would also establish the combined companies' tax base in ireland. pfizer moving from here in new york over to ireland in terms of taxes and that, of course, is already facing poli

brian thacker were honored by your courage and your heroism in battle. secretary carter and your wife, white house chief of staff, administrator mccarthy, united representatives, senators collins, franken, cotton, tell illis, sullivanuses and guests. ambassador rice, chairman dunford, general silva, general grass, general welsh, general miley, admiral richardson, general mellor, all your spouses and guests. other distinguished leaders of the department of defense and military services, former v.a. administrator harry walters, vice admiral norm ryan. military officers association of america, our cohost are this year's celebration and all the representatives of our veterans service organizations. fellow veterans, members of our armed forces, ladies and gentlemen. as many of you know, president obama is scheduled to present the medal of honor to an american soldier tomorrow. captain retired florence gruenberg. tomorrow's ceremony will mark only the 10th time in living service member has received our nation's highest valor award for actions in afghanistan or iraq. seven more were posthumously awarded the medal. at tomorrow's ceremony, president obama will address the specifics of captain grover 's heroism. but let me s

brian thacker were honored by your courage and your heroism in battle. secretary carter and your wife, white house chief of staff, administrator mccarthy, united states trigger presented of -- senatorsative, collins, franken, cotton, tell us, and sullivans. ambassador rice, chairman silva, generall grass, general welsh, general miley, admiral richardson, general mellor, all your spouses and guests. distinguished leaders of the department of defense and military services, former v.a. administrator harry walters, vice admiral norm ryan. military officers association of america, our cohost are this year's celebration and all the representatives of our veterans service organizations. fellow veterans, members of our armed forces, ladies and gentlemen. know, president is scheduled to present the medal of honor to an american soldier tomorrow. captain retired florence gruenberg. tomorrow will remark the 10th time in living service member has received our nation's highest valor award for actions in afghanistan or iraq. seven more were posthumously awarded the metal. at tomorrow's ceremony, president obama will address the specifics of captain grover heroism. but let me say that in the worst of circumstances and without hesitation, captain gerb

brian van de graaff, julie wright will be there. the temperatures will warm to the lower 50's. i will take you out with a look at the freeze your gizzard 5k. jamie sullivan, are you running that? temperatures on the cold side at 37. it will warm things up to the lower 50's. i like to say freeze your gizzard 5k. jamie: say that five times fast over and over and over. we are starting out in arlington, the neighborhood courthouse. if you live in clarendon or courthouse you may use north courthouse road to access 50. you can do that right now. we are seeing a lot of volume. they have been doing repairs on a broken water main that happened this morning. if you travel on 50 and try to exit, you can. my best suggestion would be to use tenth street and work your way down clarendon boulevard. take a live look at what we have right now. in this area. you still the crews on scene. the cones are up. you can travel in both directions. as we move back to the maps, had an earlier crash on 66. that is now clear. we still have some of the volume, though, in the d.c. area. typical. same in virginia. working your way into maryland. take a live look near columbia pike. you