jackie deangeles traveled to a manufacturer that's expanding and creating jobs and today because of thesmelter. she is in kentucky tonight. >> as trade talks resume, tariffs on imported aluminum and steel have consumers optimistic that a more level playing field have a landscapend here a ribbon cutting today. t down ne which was s was now operational and the compy credits tariffs. at 60% capacity now, next year it will be at 100%. eit will cre 300 direct jobs and for every job here, three hers in the community. >> i feel like before the trump administration and befhe tariffs were signed that the aluminum industry in the u.s. was dying. it's all, but dead. now what we're doing is we're bringing it back to life and bringing the jobs back. >> this aluminum is high purity and the only kind. is is the only plant in the country that makes it. this isn't just about creating jobs. it's an issue of national security. >> it's been absolutelyritical for national security that this country has the ability to aluminum.imary this product, as you know, goes into tank armor, armored personnel carriers,

for nightly business report, i'm jackie deangeles.is time to take a look at some of today's upgrades and downgrades. intel getting its second big downgrade of the week. this time goldman sachs taking it from neutral to sell. the firm cit manufacturing issues could hamper intel's ability to grow earnings. the price target was cut from 53 to $44 a share. today's shares closed at $48.85, down 2.5%. >>> oppenheimer thinks the trade fight with china could hit ffany and the firm is downgrading the jeweler from outperform t perform. the analyst still likes tiffany's long-term prospect, but is concerned about short-term currencyluuations particularly a devaluation of the yuan, which could impact tyi power of chinese tourists here in the u.s. the price target was kept at 1.45. tiffany finished at 134.34, down 2% today. >>> j.p. morgan is shares of campbell's soup from neutral to underweight. the analyst there sees a potential sale of the company as an unkely outcome. you may remember last week a report surfacedaying that kraft heinz had starte

priority: you >>> diamondback energy just resuming trading let's get back to jackie deangeles. >> that'sondback was halted previously it is now trading down by 7% shares of energien are trading higher after an all-stock transaction is announced the acquirer taking on the risk and taking on the debt here. the acquiree being taken on at a premium to where it was trading today. at the close it was trading at $73 a share and as we mentioned before, this is a premium play it's a strategic acquisition of assets that could help these two companies move forward in an environment with higher oil prices wilf, back to you. >> thank you very much jackie deangeles >> tesla's board can negotiate with musk on taking the company private. >> phil lebeau joins us now to wrap up all of the latest. hi, phil >> calle . >> hey, wilf it is a period where we're entering a period where we may not have some news for some time here is the news from tesla potentially going private at some point in the future the board of directors have appointed a special committee, three board members who will be looking into this

jackie deangeles has more on that drop. jackie >> good afternoon to you, scott.t's exactly right the dollar falling against a basket of other currencies today as investors are digesting the u.s.-mexico trade deal the dollar has gotten a lot cheaper. why? a couple of reasons. tensions around the world at ease trade tensions we see that today. also, turkey, again, that hurts the dollar we have seen -- that also hurts the dollar and so, again, that helps all of the commodities everything denominated this dollars gets cheaper when the dollar falls >> bob, dollar index trading under 95 what's the next level? >> i think it's getting under 94 i think there's a chance it could actually go to about the 2 .50. i think the issue here is that the market, especially again in the ten-year sector, telling us that it believes that the trade tension with china specifically which don't seem to be easing, are actually the causing the fed to back off and cause the dollar to get weaker and weaker that's really what i think is going on here. this is a bit more dollar versus euro move

jackie deangeles will have joous steel. seema mody covering trip adviser. michael santoli, nancy with us and chief investment strategist. biggest winner on the dow was apple by far. caterpillar was the biggest loser. apple is of course the biggest winner, as well. hanes was the biggest loser. a jump in japanese yields overnight which tends to correlate. michael santoli, let's see how you characterize the market today, slow to panic but hard to excite. >> you took the bait. i knew you would. would you say that applies to me, as well? that is the reason i seeded your question. that is the way it has been. i think today was a mild stowback from a pretty strong july, not really serious selling pressure. it is difficult to gather momentum when the market continues to hold the uptrend. it had the jobs kmb coming out. i think there is a little caution ahead of that. and also there is just the sense of not too many catalysts. >> mark, if we didn't have apple today would we be getting a lot more nervous in terms of whether the market can get positive momentum behind

. >>> time for a closer look at oil prices jackie deangels has it. >> oil was on track for the biggestkly loss in three years. it's up more than a percent. it's interesting to see how it shakes out at the end of the session. here is what you need to watch and focus on the iea monthly report was out this morning talking about demands treads stable for 2018 it looks like a small uptick in demand for 2019. there's a lot of production out there, too coming from the united states, opec said it will up its numbers to make up for some of the shortfall coming from iran and that's what the iea was focussed on in the particular report saying it's calm now but things could get shaken up in november if the iranian barrels come off. the markets haven't been sure. that's been keeping us supported here at these levels a new range seems to be developing about 65 to 72. but remember summer driving will tamper off those prices typically will move lower and potentially if saudi puts the barrels online. we could see lower prices. >> thank you very much >>> coming up, the new evidence emerging of weakness

. >> appreciate it >>> time for a closer look at oil prices been a strong week there jackie deangels. upside momentum strong this week the market saw a draw down in inventory on wednesday it wasn't expected summer driving is coming to a close, prices haven't been bothered by that the headlines this morning focussing on international supply iran sanctions it's not something we haven't been talking about for some time it's priced into the trade but as november draws closer, the market seems to be rethinking and bracing for the shortfall we could see in the fourth quarter. the dollar is a little weaker on the fed news out of jackson hole that's supportive to crude oil, as well. wti seeing about a 5% jump and brent almost 6%. guys >> jackie, thank you >>> coming up, millions of reasons for tim cook to celebrate as he turns seven years as ceo of apple. we'll have the details straight ahead. >>> as we head to break, take a look at the movement in treasuries this morning. higher yields across the board rick is off. 10-year note yield 2.85. we'll be right back. >>> shares of apple soared more

let's get to jackie deangeles. >> good afternoon, michelle.s under pressure today but pairing the gains at the close. seeing a similar situation as he can witt its concerns over trade wars and global growth, those are the main themes. opec's monthly report, it took its demand forecast down slightly in 2019 the ida has suggested in the last couple of months that there could be softness on the demand front. these factors certainly weighing on oil add to that that gen scape came out suggesting that inventories are building and cushioning. you have the 3% drop at the session low for oil. a couple of things to think about, the inventories could be part of a seasonal build remember, it's been rainy. that could have a little bit more of a severe impact on summer demand. also, with the iran risk in the market, you could see a push and pull between oil prices that keep them range bound. >> jackie deangelis, thank you very much. >>> twitter shares are up almost 3% andrew left of citron research turning bullish citing a $32 price target twitter is more r