helima croft capital markets. if helima right. normally is.d investors buy the energy names and stocks on the dip? pete najarian. i put out loads of statistics on this some stocks down 40% and 50% in 20 days. >> yes it's been an amazing just absolutely just pounding of some of the names to gene's point go towards the integrated side of things, you get more investment into the different alternatives that are out there obviously. so and i think that's an investment that they are slowly moving towards like when you look at what's going in the marijuana world right now you see the investments that are being made there for the future knows aren't for really right now. those are for the future i think the integrated names when you lock at cash they throw off those are names i'd be in. they didn't react in a very violent way to the upside when we had oil moving up as fast as it did but we did see them fall back fast i think knothose are the names o be in when you consider the move we expect from energy. listening to the helima it sounds like somethin

know who that is, your buddy, vladimir putin >> president putin probably signed off on this >> helima croftreat day. >>> up next, if the u.s. government does shut down, will the market shut down with it we'll dig in more on the d.c. drama. and your next test as three key indicators every one of you out there, all of you should know. "worldwide exchange" is back after this i'm ken jacobus and i switched to the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? your but as you get older,hing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. ♪ oh, there's no place likargh!e ♪ this one's a pretty big tree... ahh! i'm trying... [ glass

helima croft, let's talk about this day two of this meeting is a big one. yesterday we did not reach a production cut deal. what is your expectation for today? >> we're in overtime now my expectation is that they will get the cut done ranging from 900,000 to 1.2 million barrels the stakes are too high for them not to make this adjustment. they know where prices will go in the event they cannot get this cut done. they have the memory of 2014 they thought it would be a short stay in the 70s, they ended up sub 30 >> what do you think was the main sticking points yesterday >> exemptions for countries. libya, nigeria, venezuela, iran, they are all seeking exceptions from the production cut deal and the russian contribution has been a major sticking point. the russians have resisting cutting 300,000. they said maybe we'll do 150,000, 200,000 it's a combination of factors. they all are invested in stabilizing this market. there's a lot of brinksmanship, a lot of people saying we don't think this will get done, but i think they pull it together. >> i want to show t

over a glut in supply and market volatility with us now, rbc global head of commodity strategy helima croftning to you, helima, where are prices headed for 2019 >> we think higher there are fears about the supply glut but opec cuts haven't taken effect yet it's 1.2 million coming off the market and we have seens from opec ministers, the saudis that they're prepared to do more. fears about a global slowdown will weigh on the market but we think the supply picture should be improving heading into next year. >> john. i think it's a key point have the oversupply concerns -- as this narrative been overblown? i ask because potential opec cuts but because those waivers involving iranian crude are temporary. they're only for six months. >> that's right. and those waivers tricked the main supplier, saudi arabia and russia, into rushing a burst of supply on to the market that has tripped us into this temporary oversupply i would point out that crude oil prices held an important level, down 4250. >> 42 is the number that i've been watching, a lot of us have been watching. so now around this 45/50 area

is opec relevant or is it just russia and saudi >> i will ask helima croft, she has forgotten more about opec than i've ever known how much does the russia/saudi relationship mean to the market? >> it's incredibly important the question today is will the russians show up russia signaled they didn't want to cut, now they are >> thank you for this impromptu interview. we like to put people on the spot here. that's what happens. that's the beauty of coming here the alliance, kelly, matters a whole lot. tomorrow they'll have their meeting. that could mean more overall than today if you don't have russia on, if they don't cut and if the u.s. keeps pumping at 11.5million barrels per day, it may not matter that's why oil is down 5%. you have this fine line, the saudis have to walk it given the political pressure you know this, guys? i'll give you a stat the president has tweeted about opec, he put opec in one of his tweets nine or ten times this year you know how many times he tweeted about opec in the last four years zero none nothing last year when he was president. not the years before opec