>> i'm brian sullivan in wisconsin and perhaps the key thing that delivered the presidency to don't j. trump are his manufacturing job promi coming true? that's story coming up on night by busine >>> president trump promised to bring manufacturing jobs back to the united states helped him win wisconsin. so how are business owners feeling? brian sullivan is in wisconsin. >> stunned by plant closings and job losses, wisconsin turned red for the white house for the first time since 1984. things were pretty bleak here for a number of years. not anymore. after weather's unemployment rate is now one of the lowest this america. here in the southeast corner of the state, the problem is not finding a b job, finding work s workers. >> therea skilled labor shortage in the region, in the state and throughout the country that needs to be traceded. we cannot find skilled, qualifieded labor. is ta credit fo par of the recovery and a million jobs created around the nation, so when scott walker joined us at a manufacturing facility, we asked him, how much of wisconsin's recovery comes from d.c. and ho

brian sullivan for us iny tath price. we are back in a couple of minutes. happy anniversary dinnedarlin' i'm messing up every dish, pot, and plate... ...to show my love. ta-da! all this devotion only calls for a little bit of dawn ultra. so concentrated, just one bottle has the grease cleaning power of three... ...bottles of this other liquid. a drop of dawn and grease is gone. try using dawn beyond the sink. >>> welcome back hurricane harvey forcing shutdown of oil refineries we are still seeing some stabilization in the energy market this morning. oil prices reversing those losses they are higher by around .15% gasoline continues to spike higher at around a two-year high, higher by around .04%. with us this morning, halima cross. good to see you. when you talk about the shutdowns and refineries, what does that tell you about the supply and demand equation >> it is a tale of two markets this is a story very supportive for gasoline and products. negative for crude what we are watching are do we have further refinery shutdowns. if they shut the rativa refine

many of those refineries are in galveston area brian sullivan is there live for us this morning. what are you seeing? >> reporter: not a lot now, it is early morning i will add color to what she said we are in galveston on the gulf, it is the door to houston from a shipping channel perspective we tried and failed twice to get to houston because the main highway, interstate 45, a massive road, was simply flooded out. the reason i bring that up is what do you need to run a refinery, you need oil and people a lot of the people are unable to get to where they need to go to get to their jobs there's a lot of not only refinery risk but energy risk as well as you point out, heavy refinery area half the nation's refining capacity is 100 to 150 mile radius of where we stand now about 15% of that is knocked off line how much longer it will be off line is the big question if you look at oil prices, one thing to ask is how long will refineries be shut down. in hurricane ike in 2008, bay town refinery, exxonmobile, 560,000 barrels a day, second biggest in america was shut down for a month. ye

brian sullivan in galveston.he hood back on. >> the neck, the hat doesn't work. >> yep. >> supply chain disruption, the chairman of the texas railroad commission joins us live next with the latest. >>> har hurricane harvey impacted the energy industry in texas. lets bring in our railroad commission, i am glad we cleared everything up, christie, i have awfully a lot of questions ready for you about the railroad actually, i do have one. i know it is not what you do because railroad are with energy -- you don't worry of the rails the way you worry of trucking or ports are. once the water is gone, the rails are fine, have i got that right at least >> well, thank you for having me >> you make the assumption that the rails are fine if you had major flooding. you can have ground shifting you got to assess them and make sure those railroad ties are still in place you are right, we don't do railroad anymore funny name for an important agency, actually >> it is about energy. i have been thinking about this and reading all

brian sullivan is in pas dadena texare >> hurricane harvey may have left the houston and galveston area, but it sent another reminder today it is still active and still dangerous. the hurricane swung to the east, smasf beaumont and port ar th along with southwest louisiana. many reporting rapidly rising waters and asking for help. it may add to concerve supplies beaumont and port arthur are home to four big oil refinery, including the single biggest in the united states. motiva, 600,000 barrel a day facility all are shuttered storm. another concern as well. maybe one closer to your kitchen cabinets. the simply of et lean. about 70% of et lean supplies kno from texas and 40 to 50% of offline. while not that common of a name goes into a lot of things you use including bottled water, packa pack consumer product, auto products and thousands of other products, suppliers are going to b a meantime, as the ws clearly recede, housn may he problem, which is the clean up. no doubt, like you can see, the the buffalo bayou, the clean up will be long, missy and eck pensive. for "nightly business repo

brian sullivan is there. >> reporter: rain continued to fall on tuesday in southeastern texas. some cases like here in galveston, much more rain in an area that did not need anymore rain. in fact, hurricane, now tropical storm harvey, has not only broken every single record for the region or for the state, but it is official. hurricane harvey, now tropical storm, has laid down more rain than any single storm in united states history. it will ultimately deliver more than 50 inches of rain in a single storm. and with this rain has come flooding and the need for rescues. in fact, citizens, good samaritans called the houston navy or the cajun navy if they came over from louisiana have gone out of their way with their boats, jet skis and rafts to rescue people. listen to one good samaritan rescue one lady out with cancer. >> i banged on the door. no one answered. someone said to come in. i pushed in and that door there was water up to my knees basically. so i walked in there. she was sitting down on the couch and she can't move. i picked her up on my back and i got her out to the bo

brian sullivan is in fwn with more on harvey's potential hit to the oil market and houston's impact to the economy. >> reporter: along with the unprecedented flooding and humanitarian crisis unfolding in houston and lower texas region, there may be an economic crisis as well because 15% of the oil and gas that is refined in the united states is currently offline. shut down by the flooding as a result of hurrican. the houston area produces more than 2 million barrels of oil and distilled gasoline every single day. many of the refineries around here are now shut down including the second biggest refineryn th utestesheaywn facility from exxonmobil, also shell's deer park facility is also shut down. there's no clear word of when those facilities will open. the other hit comes from the port economy. the majority of those refineries lie along the port of houston, which is actually a series of four different ports and every ship that comes or goes has to come through a channel right over there. and that ship channel, the busiest in the united states, is currently shut down and there's no indi

let's get live to brian sullivan who is in galveston and the port of houston hey, brian. >> reporter: mel, thanks very much that video that you just showed, the rescuers are still up there and they are safe and i'm glad the people in the truck are safe as well. it just stopped raining here and i can't overstate the amount of rain this area has gotten in the last 12 hours. we've spent the last couple of hours driving around galveston, which if you don't know, it's really an island and a lot of streets are flooded badly. three, four feet of water. some guy left a dog on the third floor. there's a lot more going on than just houston that said, when you talk about the refiners, mel, i just got an update from the refinery about 100 miles east of here it's the biggest refinery in the united states with a total output of 600,000 a day. they are running at 60%. so their output is 60% assuming they are at full capacity, that would be about 360,000 barrels a day. so another 240,000 offline, you're going to have well over 25% of u.s. refining capacity right now offline because it's corpus christ

brian sullivan joins us from there live brian? >> reporter: good morning. thank you very much. the galveston ship channel, busiest in the country remains closed port of houston which is four separate ports basically remains closed refineries that are all along there effectively remain closed. that's taken 15% of the refining capacity there's enough gasoline to last about 23 days. a lot of gasoline we get in the northeast comes from this region via colonial pipeline. right now, that pipeline is fine, they've reported no issues at all, but it is early. obviously you have the humanitarian issue nothing is more important than that from an economic perspective, this is not only a heavy oil region, gasoline region, but heavy gasoline region for us lot of people don't realize that in the northeast because a lot of this goes there to get oil refined, you need a couple of things you need oil and people. yesterday we tried to get to some refinery areas. we got so far until the roads were blocked you may have seen images last night. we were some of the first on the scene in the morning wh

this area needs a lot of story angles here we'll try to hit as many as we can. >> all right okay brian sullivanthank you. miserable, but thanks for what you're doing down there. and brian actually thinks he's got it made to compared to contessa probably does, yeah. for more on hurricane harvey's economic impact, richard fisher, former president of the u.s. federal reserve bank of dallas, also a cnbc contributor and a barclays senior adviser. richard, don't want to start out with what happens with the fed, obviously. you heard brian, though, connect a few dots to, you know, overall gdp, and we had yellen last week, so we'll talk about that in a second. but, you're a texas native just your thoughts on watching this play out over the past couple of days >> well, first, joe, thank you for paying attention to what's going on down here, and the compassionate reporting that's taking place i want to put this in context. houston, with its metropolitan area, produces the same, actually a little bit more than sweden does in terms of output within a state, that produces -- has a gdp higher than that of can

contessa brewer is in houston with the latest on the flooding and brian sullivan is in galveston with a look at how hurricane harvey is affecting refineries contessa, we'll start with you. >> reporter: the bayou has overflowed its banks, normally parkland, and this historic building here was due to be completely renovated by fall of 201. as you can see, they will probably have to go back at t.houston at this point is mostly a ghost town. businesses shut down, employees stranded there are some 3 million people who work in the metropolitan houston area most of them i would guess are out of work today because the roads are simply impassable. you can't get around the bayou is blocking many of the downtown roads, and the interstates coming in. what we saw at the convention center today was people pouring in trying to escape the flooding we have brand new news coming in from interest district the houston schools that were housing shelters of last resort already no longer accept new evacuees they say because of safety reasons they can no longer -- and accessibility. they can no longer accomm

the president addressing the nationwide effort of are rescue and relief in the state of texas brian sullivan on the ground in galveston, texas, monitoring the impact of the emergency ecosystem. let's go to him. brian? >> reporter: hey, melissa, thank you very much. the winds are picking up in galveston. largely spared, although we've been driving as far north as we can. tomorrow galveston is supposed to get whacked inforecasts are wong that could impact the refining industry, which is already hurt. most of the refineries are about three, four miles that way a bunch of them are shut down. an estimated, let's call it 15% of refining capacity offline we don't know exactly for sure, marathon petroleum, for example, was cagy, said we don't give updates. we drove by the refinery today there wasn't many cars around. that's why we're seeing oil drop because if you're not refining, you're not putting into oil. there's another angle for you and the traders which i would talk about which is onshore. houston is a humanitarian issue. that's a whole bigger different issue. let's focus just on the narrow i

i'm becky quick along with mra li melissa lee and brian sullivan. andrew is out today. if this is three's company, am i john or mr. roper? >> that's what i asked before. >> you get to be john. >> that's how we'll start the day? >> it is >> a look at u.s. equity futures. the dow was down by over 200 points that's the biggest decline for markets since may 17th this morning dow futures are indicated up by 10 points. modest declines for the s&p and the nasdaq down by 14 points s&p off by just over two all of this coming over concerns about north korea. the nikkei was closed for a public holiday called mountain day. you can see the hang seng was down by 2% the kospi in south korea, where the closest to these concerns is located, is down by 1.7% in europe there are also concerns playing out there the dax down by 0.4% all the other averages down by 1% or greater. biggest declines in spain, the market there down by 1.4%. if you check out crude oil prices, the iea releasing a new report saying that global oil demand will grow more quickly than expected this year. that's not help

brian sullivan live in pasadena with the latest on the refineries contessa brewer still in houston where businesses are continuing to get back to business. let's start with you. >> all right, sara, thank you very much. we want to look at these refineries and show them to you. right along the buffalo bayou, this is the ship channel/river that goes through houston. sort of a bad news, good news story here the bad news is that harvey is not done harvey is still active it just swung east obviousry a lot of people being hit. they are under water and struggling from a financial perspective, you have 1.4 million barrels a day of refining capacity there the biggest refinery in america shut down this morning exxon-mobil, total and valero all shuttered, taking more refining capacity offline. here closer to houston, a bit of a different story. that's the petro pasadena facility behind us, 100,000 barrels a day. currently offline. this water guys is about 9 feet higher than it should be and you can see that water went in see where those sort of sleds or whatever they are called, there's water in tha

brian sullivan is live and has it all for us. brian take it away. >> thank you we are continuing our slow creep up from galveston seeing how far we can get from houston. good timing. that's where we're outside of. that's the exxon mobil refinery. that's the second biggest in the united states. 584,000 barrel a day capacity. you can see there's nobody here guys this place is shutdown along with the majority of the refineries in the fwufl coast stretching all the way through to houston and galveston area. 2.2 million dollars a day of capacity a lot of that in trouble the majority are also shutdown they gave us a response and wouldn't say what the status is for security or whatever reason but given the condition of the roads which we have driven around extensivelyon the last few days not a lot of traffic. people can't get to work they're worried about their families here guys from a pricing perspective it's very interesting because it would probably be bearish for crude and bullish for gasoline but the one thing that i would put beca

see the damage >> con tess sashgs thank you very mu contessa, thank you ver much let's get to brian sullivanho has been watching the oil refineries >> hurricane harvey is not over by any means the most extreme rain event in the history of the united states keeps on giving. it's not where contessa nor i am it's about 100 miles east of here flooding is starting to rise, to the point where the evacuation center is having to be evacuated because water is coming in the place where everybody went to get shelter, they're having to leave because the water is coming up. this is the storm that will not northeast united states over the weekend. port arthur, texas a lot of sad stories about families, but also the home to the biggest refineries in the united states. saudi aram aramco's refinery yesterdayport arthur, there were reports that it would shut down because of flooding, and maybe because they can't get the workers in to run it that is something to watch as gasoline futures hit a two-year high the recovery efforts begin here as well. let me paint the picture for you. effectively everywhere betwee

you know where brian sullivan is his native state he'll be there tomorrow, wisconsin. >> the profitlemonis will be spending tomorrow with us "closing bell" right now >> and welcome to "closing bell." i'm sara eisen here for kelly evans at the new york stock exchange. >> i'm bill griffeth i'm still trying to figure out what melange means ty just used it right now. >> happy birth dawe to you. >> happy birthday to us. >> different years, just so you know. >> we can still celebrate together. >> and we are. >> it's deja vu again for th

. >>> the focus of us given our focus on business and brian sullivan in galveston. once again, nice without the rain background he had for so long. >> it does appear to have stopped raining. >> it's a spectacularly gorgeous day. it's hard to believe that yesterday it was raining at an inch an hour rate and looks like this let's be clear hurricane harvey is nowhere near being done it just moved east it's pounding port arthur, texas. a lot of them are under water and in trouble and all the way up to houston where it's amazing. 100 miles east is a disaster zone and harvey by the way hit new jersey on friday and saturday in some form. let's go back to the couple of issues you were talking about earlier. port arthur t civic center being used as the evacuation location, it had to be evacuated because of flooding so people that got flooded out of their homes went to the civic center and had to leave because it started to flood. i don't know where they went after that but it's a dier situation. you got four major refineries including the biggest in the united states. that's

>> hey, tyler, i'm brian sullivan in kenosha, wisconsin. we are here for one reason there is no state that delivered the presidency to donald j. trump more than wisconsin did. there is perhaps no county or town that delivered wisconsin, that delivered the white house more nan kenosha 200 days into the administration, we wanted to come here to a manufacturing facility in a manufacturing hub in a town that went for trump to find out if they are happy, what they still want to see get done and if the agenda is on track. where is the american economy headed wisconsin has a pretty good success story. we have a couple of ceos and you'll meet some millennials that are getting into manufacturing. they want to work and learn a trade. we always hear people are sitting on somebody's couch. these men and women are spending time learning machinery and manufacturing. they are proud of it we have a big show coming up in the badger state for the next couple of hours. >> we can see all the activity right behind you as we mentioned in the open, marc marcus li

this was a stock and innovation, apple was dead, dead, dead >> we got a news alert tikhon brian sullivans in galveston with the details brian. >> yeah, melissa, thank you. got a couple of pieces of news number one related to refineries, you talk about the shutdowns. the biggest may be happening reuters reporting just minutes ago that the motiva plant in port arthur texas is likely to shut down completely remember, they had reduced their output by about 60%. roeuters though one report sayin they're going to close that plant. that 600,000 barrels a day in refining that's the largest single refinery in the united states. remember, the second largest, the exxon mobil bay town facility close d two days ago that's one piece of news your other piece of news is a little more distressing. there's a global chemical company, french based, huge. they've got a chemical plant of some kind in crosby, texas, near bay town, near where the exxon facility is and they're saying that plant is at risk of explosion. not saying it will explode, but they say it is at risk of explosion or some type of fire basica

. >> senator, it's brian sullivan, i want to pin you down a little more have you talked to colleaguesthe house side when they might get a bill on tax reform and actually put it to a vote? do we have a time line >> the short answer is no. i know they have some objectives that they'd like to meet and goals they'd like to meet but i can't underline this enough how health care has really sucked all of the oxygen out of the air in the room -- >> was it a mistake to go after health care first before tax reform in your opinion >> you could make an args. on that either way leadership made the judgment call i'm certainly not going to criticize it but everyone wants answers particularly when it comes to what the spending will look like and what a tax reform package is going to look like and what the debt ceiling is going to look at we're starting these discussions and there's some healing that needs to go on we need a little time to go by but people are starting to talk about that, fair enough, jeanne? >> they are. people are talking about the need to go through regular order in the senate to h

pretty amazing that's the news update at this hour brian sullivan is here with what is ahead on "power lunch." brian? >> sue, thank you very much. coming up, are legions of couch potatoes killing the movie theater? we'll debate the fate of amc. >>> and president trump said to get tough on china if he drops the hammer on trade, what impact could that have on our economy. >>> plus, our make it in america series we'll chat with the ceo of clear plastic things this is an industry that you're not supposed to be able to do in the united states. we'll ask him how they are doing it i'll send it back to you guys on "halftime. >> i think we have a lot of those at home. >> we all do >>> the najarians are watching unusual activity in the options market the trades show an apple supplier could be due for a big move next. >>> but first, we'll show you the s&p heat sector map. dow is 22,000. utilities tinhe green everything else, though, is in the red. "halftime" back after this a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk i

. >> that was brian sullivan there covering all the developments there. >>> lester holt has been with the rescuers let's have a listen to that as well by air and by boat, the rescuers continue to come harris county constable and his deputies are among many answering the urgent pleas of those waiting for aid. >> if you need evacuation, last call >> reporter: we joined them today as their fleet of high water rescue trucks rolled out looking for those in need and while the size of the trucks are impressive, they can only go so far. >> we did have one get stuck yesterday in some very high water, seven feet. we had to deploy a boat. >> reporter: rosen is relying on an unlikely source to direct his teams where to go. this is one of the biggest natural disasters of the social media age. how has that affected how you are dispatched >> social media has helped us message, find out where people need to be rescued people were on their roofs it helped us deploy assets. >> reporter: #sos harvey has been trending on twitter since the flooding began users tweeting out addresses where people need to b

i'm brian sullivan we begin this hour with breaking news from spain, where a truck rammed into a crowd, one of the main plazas in barcelona it is now officially being called a terror attack let's get to sue herrera with the very latest. sue? >> brian, thank you very much. we know at least one person is dead and multiple people are injured. it has now, officially, as you mentioned, been declared a terrorist attack it took police some time to give it that designation. just about 5:00 p.m. barcelona time, this white van jumped the curb and plowed into the very crowded city center of barcelona. this is a big tourist area, it is the height of tourist season. we had -- the police actually termed it a massive crash. the 20 injured figure is coming from reuters we have not independently confirmed that number. we are awaiting a police briefing, which we believe will come in about half an hour quoting unnamed police sources, one of the newspapers in that area also said that two perpetrators of the crash were holed up in a bar or department store. nbc news has not been able to confirm that at thi

let's get over to brian sullivan from galveston with more >> brian. >> yeah. hey, kell deand wolf certainly my thoughts and prayers to that officer's family that's just terrible news. these are men and women putting their lives on the line every single day and our thoughts go out to them. >> back to business about. the refiners we know majority of the refiners they remain second biggest in america. that's been shuttered since yesterday. the news that changed today is that the refiners are about 100 miles to the east in the port arthur-beaumont area and reports that the beaumont facility has been shut down, 300,000 barrels a day and saudi ahramco has shut capacity from its factory there, the biggest refinery in the united states, so that whole area, port arthur is 8.5% of total refining capacity so call it 17% to 20% of total u.s. refining capacity is out a lot of questions about when this is going to come back online, but will go back to the human story and even if the refineries suffered no flooding damage, even if they are objection the big question may be w

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as brian sullivan and the team on the ground have been reporting throughout, that is focused on wheneople can get back to work when the roads open and things like that as opposed to the refineries themselves. the swing factor is is there more leakage in some of those refineries than we're aware of it doesn't seem that's the issue. >> it's been a tremendous move in rbob this week that has not begun to push out to consumers there's now concerns that you will see potential gasoline shortages coming here into the east coast with the colonial pipeline shut down about to% of refining capacity is shut in as the storm moves back into and over louisiana, another 10% could be coming offline with this storm the difference is after katrina, refi refiners tut a lput a lot of infrastructure in place. so i don't think it will take as long as katrina to get back up and running. the longer term is the shale which has not gone through a major flooding event like this what that will do to crude producti production about 15% of crude production in the u.s. onshore is being impacted by this storm as well

i'm becky quick along with mra li melissa lee and brian sullivan. andrew is out today.this is three's company, am i john or mr. roper? >> that's what i asked before. >> you get to be john. >> that's how we'll start the day? >> it is >> a look at u.s. equity futures. the dow was down by over 200 points that's the biggest decline for markets since may 17th this morning dow futures are indicated up by 10 points. modest declines for the s&p and the nasdaq down by 14 points s&p off by just over two all of this coming over concerns about north korea. the nikkei was closed for a

you know where brian sullivan is his native state he'll be there tomorrow, wisconsin. >> the profit marcus lemonis will be spending tomorrow with us "closing bell" right now >> and welcome to "closing bell." i'm sara eisen here for kelly evans at the new york stock exchange. >> i'm bill griffeth i'm still trying to figure out what melange means ty just used it right now. >> happy birth dawe to you. >> happy birthday to us. >> different years, just so you know. >> we can still celebrate together. >> and we are. >> it's deja vu again for the marks. the dow on track to close at a record high for a ninth straight day. we're up 11 points right now and if you're keeping score it would also be the dow's tenth straight game. >> nine records and ten games, and the s&p is in record territory. the russell is not though. >> hand neither is the nasdaq. >> but it is coming back today strong. >> so we are keeping a close eye on all of those and the possibility of more records being set today. >> all of this despite increasing tensions between the united states and north korea after the u.n. impose

scott is out today i am brian sullivan. let's get right now to meteorologist caitlin mcgrath. has the very latest on hurricane harvey, as it moves towards the texas coat katelyn? >> residents of southeastern texas have only hours to get out of the path of hurricane harvey, which is continue to work its way towards the corpus christi yaer we'll give you a look at the current radar, because they have been feeling the impacts already all morning long we see some of those convective bands continuing to work their way onshore, but right now harvey is

on it for you and continue to bring new footage as we shoot it we got our crews on the ground brian sullivancontessa brewer. they'll continue to check in with them. we're also watching this market. it looked like it was going to be a down day. jitters over north korea have largely subsided in the first few hours of trade here. the nasdaq, as you can see, has gone positive. some of the big groups like technology and industrials are all leading this market. dow now up two points as well. we'll be right back on "squawk alley. i think that she's a very nice girl... you never got the brakes looked at? oh yeah. no. at cognizant, we're helping today's leading manufacturers make things that think and do automatically. imagine that, a world of new digital products and services all working together for you. can i borrow the car when it's back? get ready, because we're helping leading companies see it- and see it through-with digital. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits

" >> i've decided, i don't want to be associated with sullivans anymore, so you can call me brian or the handsome one >> oh, the handsome one. >> whatever you prefer >>> coming up on "power lunch," the man who used to run walmart is here with his take on that stock's incredible run >>> plus, why a tv star may actually be one of the world's greatest investors >>> and listen up, all you young uns. we'll lay out the best and worst jobs of the future >> cannot wait the sullivan, thank you. >>> yelp surprises the street, the surge is there, more room to run. the traders will debate it next in our call of the day first, let's give you a check of the s&p sector heat map. we told you about financials they're rocking today and they're leading the way. "halftime report" back after this hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any devi

work through these difficult issues >> and you're up to date that's the news update this hour brian sullivant's coming up on "power lunch". >> sue, thank. coming up, a record number of fund managers think the stock market may be overvalued but as david tepper told scott, he says, it's not. who's right? we'll debate plus, vegan nails, avocado smoothies, and the assault room. we'll speak with the president of saks about their new offerings to try to bring people into the stores. and take out targets one analyst naming his top five semiconductor stocks we'll name those names much more ahead on "power lunch" >> we'll see you guys in just a bit. up next, the trader blitz. but first, let's give you a check on the dow the dow is up 7.5 points american express, the best performer out of the dow today we're back after this. ♪ we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person,

that is the news update this hour i'll send it over to brian sullivan >> the minnie van? that name is just goofy. >> i know it is. >> goofy >> got it. >> i know. on deck, with health care likely in the rearview irror, can congress and the president get their real goal accomplished, that is tax reform we'll dive into the first moves inside the beltway plus call this the real luf boat, at least for investors royal caribbean up again today soaring this year. the ceo will talk about his outlook for the next six month and good news rolls on as we continue our make it in america series highlighting companies succession 234ri manufactufullye a company that has survived pridti dfentre esenal administrations back right after this. at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. . >>> we're back with the blitz. mosaic earnings missed top and bottom >> and it has been sinking for the last three years if you are looking for a spec

cnbc brian sullivan is live in galveston outside exxon refinery the second largest in the u.s. closed down. how are things looking there and what should all the rest of us be expecting as a result? >> hey, chris, thank you. things are looking slow. i mean, normally this facility behind us here employs about 7,000 people. a couple of trucks. you saw that guy leave and drive through a giant puddle. right now no activity. this and many of the other refineries around the houston area are shut down. now, the entire gulf coast from corpus christi up through houston produces and refines 2.2 million barrels of oil a day. they convert that into gasoline which gets put in trucks or pipelines or ships. some of it for export. the majority of the gasoline production here is shut down. now, why do you care in the east coast? i tell you why. something called the colognel pipeline. it comes from here and snakes its way up the southeast to the northeast. that carries a lot of the refined fuel. jet fuel for airports all the way up the east coast. no problems with colonel yet. the question is goi

scott is out today i am brian sullivan. let's get right now to meteorologist caitlin mcgrath. she has the very latest on hurricane harvey, as it moves towards the texas coat katelyn? >> residents of southeastern texas have only hours to get out of the path of hurricane harvey, which is continue to work its way towards the corpus christi yaer we'll give you a look at the current radar, because they have been feeling the impacts already all morning long we see some of those convective bands continuing to work their way onshore, but right now harvey is undergoing a kind of unique cycle here. it is starting to develop a centric eye wall, which means it is close to that eye wall replacement, which means we could see temporary weakening as we head through the next hour or so but after that, it is likely that will intensely, rapidly intensify and continue to work its way toward the gulf coast, as a category 3 storm, as we head through the rest of your friday, expected to make landfall later this evening. so we'll show you here, its exact track, as it continues to track really to the

was in the room at least on one occasion with the president and other business leaders this is brian sullivan us as power lunch is underway as well this is a significant moment given the number of ceos leaving on this one council and the big names we are talking about >> we are. campbell's soup, 3m. the rolling stone may gather no moss this has gathere

that's the news update at this hour now to brian sullivan with what's coming up in "power lunch," livesconsin, a fellow cheesehead. there you go >> reporter: a state you know well, sue. thank you so much. i wonder if letterman is going to keep the beard or not for that series. we'll find out here's what's coming up on a special "power lunch." we are in kenosha, wisconsin, in the city, in the county, in the state that helped deliver the presidency to donald j. trump. and 200 days in, we're here to find out, do they feel like they are getting what they voted for? are they happy with the president? do they feel like more needs to be done? we're going to do that two ways. we've got a ceo of the facility where we are right now it's a big, private company, recently moved to wisconsin. we'll find out what he wants to hear and see from congress and president trump. and then we'll introduce you to a relatively new company for the public markets, which just might be the single best leading indicator company for manufacturing. if you think manufacturing is going to grow or shrink, this ceo knows.

i'm brian sullivan in for melissa lee. traders on the desk tonight, pete najarian, tim seymour, steve grasso, guy adami. energy stocks sinking again today, on pace for the worse month since december of 20 is15 as a group down 18% this year. with venezuela's problems heating up, are oil stocks finally a reel bual buy >>> plus, chinese tech stocks are soaring, play the ultimate game of investing would you rather >>> you may have heard about this eclipse. >> no, what happened today, brian? >> amazing americans across the nation now comes the hard part. the trips home and the cleanup we'll show you some of the aftermath. so much to do. let us begin with your money it was a mixed monday for the market the dow and the s&p finishing fractionally higher. the nasdaq slipped just a skosh, i believe they call it in minnesota. >> you betcha. >> if we stay weak, guy adami, is it a buy the dip market >> we stay weak. i would push back and say today was an encouraging day by the way, great having you onboard, great to have you here. than

it was one brian sullivan, large marngs good-looking, like yourself but one of the stocks we mentioned at the top of the show was google, now called alphabet. we said specifically alphabet traded down to a level it had previously held about a month and a half or so ago 920 being that level we talked about it on valuation being still in my opinion, i think karen and pete's as well, maybe dan, still relatively inexpensive. yes, i think they'll be a rebound there. out of all of them, netflix continues to be my favorite. >> how about the big bounce in some of the other names we don't talk about as much something like boeing today leading this market, up $4 there are so many massive moves that are outside of fang, outside of all the names >> boeing is the king of the dow. >> the absolute king even a recent rally out of home depot that was getting pushed, pushed push eed pushed, the amat and everything else. the housing trade is not dead. >> it's interesting, the "new york times" has a story up right now that says the relationship -- this goes into our conversation about the -- how realistic

jackie deangelis is in corpus christi watching the refineries, and brian sullivan is focusing on the port side of the story. we begin with brian. hey, brian >> reporter: hey, melissa. thank you very much. i can confirm that it is once again raining here the rain will just not stop. and there is nowhere for the water to go. we're south of houston, by far we're in texas city, which is where a lot of these major refiners are based let's focus on the ports because the galveston ship channel, which is the doorway to the port of houston. you literally, all the ships in houston have got to go through the galveston ship channel it is completely shut down it is not that far that way to us there is no, at least, word that we've gotten lately of when that will open. and there are many, many supertankers that are off the coast. the reason we care about the port of houston is not only because it's going to bring in needed supplies, but it's a national story, as well. according to the port bureau, about 1.2 million jobs are directly or indirectly related to the port. it does about $256 billion in a

that should be your nickname on "fast money" when you host brian the agitator sullivan.hat >> yeah, i do. i'm going to agitate you a jacket. >> i can think of a lot of other things. >> steve liesman said -- >> what? >> i can think of a lot of other names for you. >> some umbrage with that but i let it go. >> respect your elders. >> i can take my jacket off but i don't want to hit you with my pec. >> excuse me while i laugh at that macy's, target and kohl's feeling the pain walmart is up 16% this year. has walmart found the secret to becoming amazon proof? joining us bill simon, former president and ceo of walmart u.s.a. bill, great to have you with us. you know, in the notes our producers -- >> great to be with you. >> about amazon, you say the biggest mistake retailers can make is replicating amazon in any way. for walmart and amazon, there seems to be a convergence in their business models. amazon has been picking up online properties. walmart has been going in the physical bricks and mortar sort of direction beefing up its network. in the meantime you've got these mod

. >>> so let's bring in cnbc's brian sullivan now live in galveston, texas. ers in port arthur threatening people in a civic center that was turned into a shelter. now word that the busiest refinery in america also in port arthur is offline. what can you tell us? what's going on? >> reporter: yeah. hi, good morning, guys. i heard what you read about the "l.a. times." i echo that completely. we've been here for four days. it is nice day to day. we've driven through it, gone all the way as far as we could to houston. you couldn't get in. it was almost like a fortress of water. be very clear on one thing. tropical storm harvey -- the storm, whatever you want to call it -- is not over. it's just moved from this region. people in port arthur about 100 miles to the east of where i am standing are being hammered. that area very flat, low lying and not a lot of place for the water to go. yes, there is going to be a huge economic impact to this story as well. it is hard to talk about, i know. but that's the reality. this is the biggest refinery in the united states is

let's bring in cnbc's brian sullivan, how are the markets reacting this morning?street that nothing is likely to happen and if it does happen then it's probably so big it won't matter any way. the dow futures, i hate to be tongue in cheek about it, the dow's indicating a drop of 2/10 of one 1%. it's a very small move considering these kinds of comments. i think the idea, guys, is that we have seen this kind of rhetoric before, maybe not to this level but that wall street is not buying into it and like i said, if something does occur, then it probably won't really matter any way what corporate earnings are going to command. >> thanks, brian. >> reporter: did i make you feel better? >> the market has pushed this to the side whatever happens. >> listen, corporate earnings are up, the economy -- all the things that should matter to the stock market that should matter to stock prices are doing well. i mean i was just in wisconsin yesterday and nobody out there is saying, oh, gosh what do we get attacked if new york. however not minimizing it, wall street believes this

. >> sparking fires now in crosby texas about 25 miles northeast of houston if you recall, brian sullivan talking about that potential story yesterday now we have scott with us and he is bringing us the latest, scott. >> we are as close as they're allowing us to get to this plant which is another 2 miles or so down the road there. there's an evacuation perimeter of 1.5 miles they have set up a no fly zone for 1.5 miles around the plant that includes drones and the sheriff's department is asking people to respect that but nonetheless they say this is compounds that basically just expand. >>> they will pop and heat up and catch on fire and burn with intensity until the fuel is consumed and then they will die down. >> that's what happened about 1:00 this morning. a couple of the containers, these are 15 gallon or so containers loaded on to refrigerated trucks when the plant lost pour. a couple of the containers popped there was a fire, brief plume of smoke in the air and there's about 36,000 pounds of this stuff in nine different trucks and as the trucks lose their fuel these containers can

lets get back to brian sullivan in galveston looking at the economic impact. ian. >> reporter: hey, joe, do you remember after a number of years ago, we kept ongoing to galveston and houston. that's the only area of the united states that were growing after the financial crisis and oil and gas was the only industry that was adding jobs. the fastest growing metropolitan area in the united states over the last 15 years added more jobs than any large metropolitan area in the industry whether you like it or not is incredibly important not only to the region but to the united states there are at least eight major oil and gas refineries with 60 miles radius of where we are right now. not all of them are shut in. valero says two corpus cristi refinery are not operational we were there earlier today. they would not give you a clear answer they don't give updates for security reasons effectively we don't see a lot of cars in the parking lot. baytown facility, 540,000 capacity there we should have videos of one or two cars of what should have been 7,000 workers coming in

. >> hey, sam, it's brian sullivan back in new jersey this is not really directed at you, but at silicony, which is this -- you guys are very good at criticizing policies in america, you guys are very good talking about things like equality, gender equality, yet silicon valley does a terrible job at hiring minorities and women san francisco has probably the highest housing inequality in the world. how does silicon -- or should silicon valley sort so focus on -- doctor, fix thyself before -- >> certainly the united slate is terms focus odd fixings california a lot of people said why not the world or at the country? this is my home here if we don't solve this housing crisis we will perpetuate the worst crisis i have ever seen. this is why i hope these policies will get adopted and this ballot initiative we're going to try to put out -- if we don't make a dent, le will not fix inequality here. in terms of gender and race inequality, i think a lot of the world is broken there. i think we need -- and we're certainly, in y combinator trying to fund a diverse group of founders. i think i can af

. >> pass the avocado juice, everybody, because "power lunch" starts now ♪ ♪ >> i'm brian sullivan, nonethe major indexes are moving that much. the dow tufrned negative but the dow would be higher if it wasn't for home depot, shaving 45 points off the dow this despite an earnings beat and raise the outlook. investors looking for a little more from home depot outside of that store pretty of an empty parking lot for retail stocks and investors in advance auto parts losing 20% of the money both retailers missing profit fimts and giving weak guidance energy stocks under pressure crude oil back down to the lowest level since mid july. >> we begin here in new york president trump will be focusing on infrastructure today and his arrival come as mid large protests at trump tower. here's the latest on those stories. >> reporter: the president is continuing his working vacation at trump tower today we don't know exactly what's been on the schedule so far this morning but one of the things he's doing, firing off tweets, including this one, referencing some of the ceos who departed from his manufact

it happens in just ten minutes time "power lunch" will be right back >>> amazing video of our brian sullivanot into bird's eye view of the city of houston. >> what downtown is looking like now, amazingly dry major roads are opened up and back in business 79 of 80 restaurants of the hurricane impacted area are now opened and will be for the long holiday weekend. >> tillman is making 900 pizzas for first responders they have been feeding the men and women. a relief fund that's donated a million dollars to the dome to be in effort the buffalo bayou i mpacted area as you can see there is plenty of flooding going on it will take a long time for those impacted with the storm to recover. >>> the city of beaumont, texas, have no running water. the city have been flooded beaumont is one of the hardest hit area in the storm. jay bruce is trying to raise money for h is hometown. thank you for your amazing effort this is your hometown during the offseason. tell us of your friends and family and community, how are they >> thanks for having me, guys, i appreciate it. fortunately, my friends and family are

conversation in just a bit >>> meanwhile, it is day 200 of the trump presidency to mark that day, brian sullivantwo major companies are preparing to go plant. hey, brian and it's real people doing real things, not like the robotics in chicago. we are here in wisconsin this is really the county of the state that gave the president the white house. the two factories, numberone, is herabaugh the german gummy bear factory says it is going to open up a facility here within ten years that's real news so there's two questions here about foxconn. number one, where exactly will it go? a couple of towns keating. i'm going to suggest a location because in the middle of kenosha is a giant six or seven-block long gaping empty hole that is where the chrysler amc factory used to be they stopped making cars there in 1988, stopped making engines there in 2010. and you can see, we drove around it, it is very bleak why not put it there it would be fairley symbolic that's one question. the second question is this, will they have the workers the unemployment rate in wisconsin is only 3.1% the facility where we are r