jackie deangelis reports. >> reporter: as the situation in northern iraq remains tense, reports that u.s. oil majors like chevron, exxon and hess are removing nonessential employees from the region are a concern for the market. normally news like this would cause oil prices to spike, but this time the market seemed to be acting rationally. that's because of iraq's 3 million barrels a day of production. only 60,000 come from the north, and only a third of those are exported. iraq's ministry of natural resources saying this weekend that production in the north hasn't been interrupted. >> the south is what we're really worried about, 3 million barrels a day come from there. if there's any disruption to that supply, it's going to be problems for the rest of the world. >> in the middle east and iraq specifically. workers are no strangers to conflicts. evacuations like this have been seen before, many times just temporary, and part of standard operating safety procedures. what draws them to the region? high salaries. oil and gas industry workers are paid for the risks that they assume. ave

for night blitz report, i'm jackie deangelis. >> what does this mean for you and your investments? jeff rosenburg is chief investment strategist for fixed income black rock and chief investment strategist at raymond james. welcome to the two jeffs tonight. let me get the conversation, jeff, a week ago last friday we got the nice comments from vladimir putin of russia and the stock market rallied and stock investors were happy. this friday, just the opposite. more money going into bonds. who has this right? the people putting their money into stocks or bonds as this russia ukraine situation develops? >> well, typically the bond market is smarter than the stock market. in this case, it's a flight to safety. the german ten-year bond dropped under 1% yield. so on a competitive basis, the funds into our treasury market make sense to me but the economy is recovering except for retail sales we had this week and i think stocks are a buy on any dip from here. >> let's go to fixed income, jeff, jeff rosenburg of black rock. i think we kind of know why bonds rose in price down in yield today

jackie deang lis is in headquarters. >> jackie, we're seeing oil respond to the headlines.de prices rising more than 1%. traders telling me that given the fluid situation they have no desires to be short going into the weekend. the broader trends remain bearish as crude lost $10 in two months. the reason for that, geo politics hasn't impacted crude oil supplies and that drop has been no help to the energy stock. either in fact energy the only losing sector this week. back to you, mandy. >> thank you very much, jackie deangelis. let's check in with the top master again, what are you looking at, carter? >> it's interesting. history shows when you get this severe a drop in crude oil over two-month period, energy stocks out perform looking out 1, 3, 5 months. we know crude has dropped 108 to 105. 12% decline. take a look at these statistics. there have been 200 times, 203 in fact, going back to 1980 where oil has dropped on a two to three-month basis by 15% as stated here. oil drops more than 15%. this is actually the performance of the s&p 500 energy sector on a one month, thr

jackie deangelis looks at efforts to predict existing oil pipelines and make sure future products are secure. >> reporter: as the u.s. strives towards energy dependence, the debate to transport safely heats up, pipelines, how to make them more efficient and limit accidents. energy partners is one company leading the way, protecting the 50,000 miles of pipe using smart pigs, launched into pipes, they find stress, cracks and corrosion alerting the companies to issues before they arrive. >> smart tools are the primary source for being able to go in and understand what is going on with the pipeline. >> reporter: recent rail accidents and a barge accident in march that deposited nearly 170,000 gallons of crude into the houston ship channel are prompting industry experts to believe that pipelines are the safest way to move high volumes of crude. >> i think if you look at the safety record of crude oil pipelines versus alternates, pipelines come out, you know, on top. >> reporter: transcanachanc rai the debate. while the project would bring jobs to the u.s. and transport 8,000 barrels of cru

jackie deangelis, back to you at the u.s. mercantile exchange.ing a sizable bid coming into the oil markets? >> we are, headlines out of russia and ukraine and the uncertainty michelle mentioned. traders telling me they don't want to go into the weekend and be short crude, certainly, which many traders were. now lookingality this saying we want to be long because potentially something could happen over the weekend. we've seen this in situations before. they come in on monday and get crushed if the fears do not amount to something over the next couple of days. interesting to see what happens here. west texas intermediate, close to $97 a barrel. seeing gains of more than 1% on both of these contracts. talk about gold prices. you asked about them before. gold regaining a little ground from its morning lows, not spiking on the news, because traders tell me that headlines from the minneapolis fed president saying in a speech this morning that inflation will stay subdued until 2018. that's what the gold trade is about now to the long side. it's an infl

jackie deangelis and michelle caruso-cabrera both working the iraq story for us today. michelle, to you first. >> hey there, sue, kurdish oil tanker trying to bring cargo to new jersey can't get into the united states. i'll explain why, coming up. >>> and we're watching what oil company it is are doing about the fighting and the fear they are experiencing. they are trying to keep their workers safe. we have the details for you. "power lunch" back in two minutes. for the first time american kids are slated to live a shorter life span than their parents. it's a problem that we can turn around and change. revolution foods is a company we started to provide access to healthy, affordable, kid-inspired, chef-crafted food. we looked at what are the aspects of food that will help set up kids for success? making sure foods are made with high quality ingredients and prepared fresh everyday. our collaboration with citi has helped us really accelerate the expansion of our business in terms of how many communities we can serve. working with citi has also helped to fuel our innovatio

jackie deangelis live with a preview, good morning, jackie. >> reporter: good morning, busy day for a friday actually here. we're watching the futures closely. they're pointing to a lower open on wall street. after stocks sold off sharply on thursday. now the dow had the worst day since early february. it's monthly to climb since january. and traders are pointing at several factors including the debt default and tensions in russia and israel. there's also some fear ourt there that recent economic data may prompt the fed to raise interest rates sooner than expected. big news today is all-july's jobs report which is expected to show solid hiring for a sixth straight month. dow tumbling 317 points. the online retailer's staff is 95% white and asian. more than half are men and three quarters command the highest salary. women make up less than 30% of management. silicon valley under pressure to release diversity data from a campaign launched by jesse jackson. >> thank you, we're going to talk about the diversity numbers here they are coming sunday. >>> santa kru officials say it'll take da

jackie deangelis is at headquarters with more. >> we are certainly seeing oil respond to headlines out of ukraine today. crude prices rising more than 1%. traders tell me they have no desire to be short over the weekend. crude lost about $10 in two months. the reason for that, geopolitics hasn't helped supplies and that drop hasn't been a help. that's the only losing sector this week. >> so will energy stocks keep on lagging? let's check in with the chart master? what are you looking at, carter. >> history shows when you have this drop in a two-month period, we know crude has developed of late around a 12% decline. take a look at these statistics, there have been 203 times going back to 1980, 25 years, where oil has dropped on a two-to-three month basis by 15% as stated here. oil drops more than 15%. this is the performance of the energy sector on a one month, three month and five-month basis relative to the s&p. it actually outperforms. so we think that's an important backdrop here. take a look at two charts that i think matter here's a two-year chart of the sle that measures the ener

yes it is jackie deangelis.as more. >> i can't believe it. >> scott, making me chuckle here in the nasdaq booth. thank you for that. right. the dollar index coming off of its highs today. of course, overnight the index which measure the dollar against a basket of currencies hit its highest level since last september. jim muirio, we see the dollar strengthen, has an impact on the markets and commodities. where does the dollar go from here? >> first, a huge impact on the markets commodities. look at the currencies for a lot of information about tons of other markets. when we look at the dollar index have to remember it's highly dominated by the dollar's relationship with the euro and yen. rightly or wrongly. the dollar index tells us we're in a period of moving away from accomodation. u.s. fed and ecb will hit the gas when it comes to accomodation. that's providing the tail wind for the dollar. >> hear from janet yellen tomorrow. the question, will she take some of the wind out of the dollar's sale here? >> that i

let's get down to business with jackie deangelis. >>> well, the futures a little bit lower after stocksaw a broad selloff on thursday. the dow falling 317 points. its worst day since february. the worst monthly decline since january. now, traders pointing to several factors here, including argentina's debt default and geopolitical tensions in russia and israel. also fear that recent economic data may prompt the fed to raise interest rates sooner than expected. today's focus is on the july jobs report. the best stretch since 1997. unemployment seen holding at 6.1%. the lowest level since 2008. and automakers reporting july sales, as well. their forecast to rise about 10%, which would be the strongest july since 2006. chrysler could lead the pack here with sales expected to jump 22%. have a great weekend. back to you. >> all right. you, too. thank you, jackie. >>> samsung's bendable tv could go from flat to curved with the press of a button. sells for about $59,000. and it does go on sale today. but only in south korea. some other stories we are following for you. at last, after two weeks

jackie deangelis joins us now with the moves and what they mean. jackie? afternoon to you, tyler. well, typically, when we see instability in a large, oil-producing country like iraq, we do tend to see crude prices rally, but this time, traders taking a very rational approach here and crude really not doing that much over the last couple of days. i want to point out that the latest news right now is that there are reports out there that big oil companies, u.s. companies like chevron, exxon and hess, have pulled out some of their nonessential staff from northern iraq. some of these reports are not confirmed by the companies themselves. but you know, traders are looking at this from a production standpoint, and they're really saying what we're seeing in the north right now is a very small percentage of iraq's output, roughly 15%, and there are no supply disruptions at this point. if the 3 million barrels a day that comes out of the south, out of basra, if that is disrupted, that's the time when it's, you know, relevant to be concerned and oil prices could sp

jacky deangelis joins us now to tackle it. >> good afternoon. wee focusing on pipeline companies today why we are lit real in the trenches. this is a group of stocks that analysts believe can grow as the u.s. here is focusing on becoming energy independent. of course pipes will be an important piece of the infrastructure that moving crude around. a lot of people already believe they are already a safer alternative to rail and barge which are the other means of transportation out there. they're also potential better suited to move high volumes as well. one company could benefit from typeline expansion, the company working hard investing about 4.5 billion in safety tools, including what they call smart pigs. they run through devices, detect issues before they become problems. the company can remedy the issue with very much a lot of precision. other companies to watch in the space including el paso and kinder morgan. on average they pay a 5% defend yield, so that's always good for shareholders. this is actually an enbridge pipe next to us. smart pi

jackie deangelis is on site looking at pipeline safety in plumber, minnesota, hard hat and all. just for the record. good morning, listen, if the u.s. is going to be energy independent by 20 20, if we surpass russia and saudi arabia as a crude producer by 20 35, things have to be worked out in the industry. first, of course; how to get the oil out of the ground, but how to move it around and how to do that safely. now, smart industry's answer to pipeline safety, we here in min integrity dig with enbridge, where pigs were used to detect problems in the pipeline system. areas that needed repair. now, pigs can be quite large, bedepending on the pipe size. this one is four feet in diameter and enbridge spent about $4.5 billion on intreg grate tools like this to keep 50,000 miles of pipeline safe. safety a big ish whew it comes to the debate on the keystone pipeline as well. concerns over safety. a main reason for the delay seen so far. consider the oalternatives. rail, barge accidents we've seen of late showing industry experts here that this may not be the best way to move large vo

jackie deangelis following the big movers at the nasdaq. dominic chu is on on the floor of the new york stock exchange. >> what we have is a market that's drifting up at session highs, even though those session highs, we'll call it up by maybe a point on two. three points on the s&p 500, 45, 46 points on the dow. earlier today ubs's art cashing told my typically a slight, and perhaps a slight downward bias going into the closing bell. still it's a nice winning streak for the dow. among the outperformers so far today, the transportation stocks, that's something the bulls often like to see. you look at the names leading the way. union pacific and kansas city sovereign all showing some outperform on relative strength. as you go towards they fed minutes. think about utilities. they will be in focus as well. as rates tend to rise, which we have seen over the last of the past few days, they stocks tend to xwrund perform, even though it's slight in a slightly up market, utilities, the consumer staples, main even real estate investment trusts will

jackie deangelis joins us with those details. >> good afternoon.he nuts and bottoms what we're looking at. kin exercise morgan consolidating its subsidiaries under one roof, a $44 billion deal. cash and stock. and actually this is the biggest deal of this sort thatsince exx mobile back in 1999. kinder bringing its north american pipelines an energy storage terminals under one roof. what is basically happening here is that the company is shedding its master limited partner stubble in a bid to grow a bit faster and is this atthis is at time as the energy boom grows. an industry that could grow to the tune of $640 billion in terms of adding infrastructure and services. that's according to one industry report. now, the takeaway here is that streamlining a business will help the company grow faster. the ceo was on our air this morning saying that it will invest more in operations and that there are those on the street who also think that it could use some of its cash to look for potential acquisitions, as well. >> thanks so much. pete, we talked about t

let's go to jackie deangelis. >> oil closing just moments ago. it was a mixed trading session, domestic crude settling up, 98.08. what's interesting is brent crude falling under $105 a barrel. traders telling me certainly they're keeping an eye on what's happening geopolitically. also watching iraq closely, but unit that conflict moves any farther south, there haven't been any supply disruptions in the north just yet. i do want to point out this is also a supply and demand issue right now in terms of oil prices. you have global supply increases, and you do have demand in parts of the world waning a bit. we had some evidence out of the china last week that the crude imports are slipping. also here in the united states traders say that means the summer is coming near the end, this is when the driving season starts to cool off a bit, and that oil demand does slip seasonally. >>> is the average praise for -- things look good in the oil pits, of course gee on politics holding prices up, but it could be much worse. >> jackie, thank you very much. >>> a

futures now, jackie deangelis with more. >> that is right.sumers can rejoice, gas prices falling to $3.47, this is as we're watching crude oil prices closely as well. they are at their lowest levels of the year. shrugging off headlines out of iraq and the middle east, of course. give me the good news here, how low can gas prices go? >> jackie, listen, i think we can do another 5% without even blinking. the bears are firmly in control, 10% off the high, 3.07, well below the 50 day, 100 day, 200-day moving average. we didn't hit peak demand. forecasts ramped up the demand. we didn't hit. two weeks away from the end of the cycle and i think the market goes lower. five year yearly chart, ank price and low comes in around october to december, around 2.60. that's where i think we go. >> scott, everybody likes paying less at the pump. does that mean consumers will take that money spend elsewhere? does it mean consumers will feel the impact here? >> we're going to find out. gasoline futures below 2.75, as low as they've been in a long time, the sweet

more from jackie deangelis. >> good afternoon, scott. here is that when you look at dti and brent, brent is actually falling faster despite the fact we are watching those headlines as they come out of the middle east, and when i talk about prices here i'm talking sort of globally and generally. we are trading slightly higher on both contracts today. anthony gra saunlty wants to talk what we're seeing, disparity between brent and wti. make sense of this for me. >> weighing on brent no effective production with the geopolitical problems especially habs in iraq. also weighing on brent, sluggish european economy. china's demand less and the u.s., ramped up crude oil, importing less. that's weighing on brent prices also. i expect the spread to come more. entrant sold off and you buy wti. >> scott, do you think we've hit the bot jum someone tells me 9579 is a key technical level to break through before we go lower? >> well, wti is interesting. what we trade here, because of what we have here, and this morning we found out we have more wti than

jackie deangelis in the futures, with more on the story. >> good afternoon, scott.s are down 12% in the last two months and interestingly, gas prices are plummeting as well. the national average for a gallon of regular, $3.44. now that's down 13 cents in one month. jeff killberg, looking at this ax, we've hit a seven-month low, come down a lot. at this point seeing a little bounce here. is this technical right now? >> doesn't feel as technical as it should. right now saw the crude inventories. declined three times more than expected. that is bullish in its own face but we saw a buildup at cushing. the real under current here jackie, that's why we're seeing crude oil going lower, we've become desensitized, nearly calloused to geopolitical tension. at the end of the day, the 8.5 bears produced, more than a year ago, a lot of supply. >> brian sutland having said that, could we go lower because we have so much supply somewh e somewhere. >> yeah. it's even more than supply picture, more than just a geopolitical tension easing. all about the u.s. dollar. look at it over t

jackie deangelis live at cnbc world headquarters, good morning. >> good morning to you, that's right, everyone keeping an eye on the job figures. for a moment, a lower open on wall street. after stocks sold off sharply yesterday. the dow had the worst day since early february. it's worth monthly declines since january. and traders are looking at several things here including argentina's debt default. it continues in russia and israel. there's a lot of fear recently that strong economic data may take longer than expected. the job's report is the a big number to watch. i just to want highlight that we are expecting to see solid hiring for sixth straight month. that could be good news for the market today. yesterday, the dow tumbling 317 points closing at 16,563. nasdaq shedding 93 to go down to 4369. >> jackie, prediction on the job's number? 220, 230? >> i think it's going to be strong. definitely over 200. >> jackie delawaeangelis, thank very much. >>> breweries are waiting to hear from water company will impose restrictions that could change the taste of your brew sky. dan gourde sea

jackie deangelis. >> good afternoon. the department of energy out w its report.ullish report came in way storage build under expectations and saw a nice intraday pop for net gas over 2% the last time i checked. brian stutland, watching this report closely. what happened? what was interesting? >> what's coming to mind for traders, look at storage supplies. about 17% lower than a year ago. actually about one-third lower than we were off the highs in storage in the lower 48 states. certainly starting to become a concern, because if we don't get storage build we're basically going to have a tight supply situation where we get any sort of cold weather or changes here in the demand structure in that gas, you could see nat gas move higher. >> talking about winter expecting another cold one. that's the variable here. jeff killberg, curious for your take on prices. the highs we saw in february. do you think we get back there come winter this year? >> i think we go lower before higher. push back. the two reasons why we saw a sharp decline in july. vast supply. the e -- mar

let's get out to jackie deangelis w at cnbc headquarters with more. a stock of some of the numbers coming out recently, automakers, it's not so according to this report. we might see some strengths today. >> yeah. that's exactly right. july is expected to go down as another stellar month for u.s. auto sales. analysts are forecasting that total sales will come in at 1.45 million cars and trucks, roughly 11% higher than a year ago. that would mark the strongest july since 2006. now, edmunds.com says shoppers are looking past news of recalls and higher price e at the gas pump, finding incentives and affordable interest rates to make it easier to buy a car. july is typically one of the stronger sales months leading up to the peak in september and october when automakers switch to the new model year. after a shaky start to 2014, kelley blue book says the industry now appears to be on pace to sell about 16.3 million new vehicles this year. that would be about a 5% increase from last year and it would mark the fifth straight year of increases. now, true car

get to jackie deangelis at the nymex. >> seeing interesting volatility in oil prices because geopoliticsand on traders' minds heading into the weekend. u.s. sending humanitarian aid in iraq and talking about potential astrikes. we are focusing geographically on the north. most oil production is in the south. really no huge threat there at the moment. that's why these prices are not moving through the roof. of course, as russian troops amass on the ukraine board watching that and the conflict in israel and gaza, too. wti price is around 97.5. backing off from highs earlier in the session and branch prices negative. over 105. traders are cautious watching the issues around the world and see how they play out. i do want to point out by all accounts if we were not seeing geopolitical conflict, you would see downward pressure other than these oil prices for several reasons. first, opec backed off on demand forecasts saying global production is up and as the equity markets are seeing weakness over the last week or so, traders saying global demand forecasts could come down as well. these prices

jackie deangelis joins us with more. >> i'm waiting for some special music for my hit but might not getthat's right. hess is the latest one to evacuate some nonessentials but we're also talking about other oil majors making some of these kinds of announcements on friday, as well. chevron announcing cuts of overseas staff and also exxon taking similar measures reports of that the company has not confirmed it. so let's put this in perspective in terms of impact first. we're talking about northern iraq here. most of the major oil fields they are in the south. second, these are not major shutdowns. they haven't significantly reduced northern production. the iea saying that kurdish production in june of 360,000 barrels per day that's roughly 12% to 15% of iraq's overall production and of that only about a third of it is exported so relatively a small amount of oil here. mean time iraq's ministry of natural resources issuing a statement saying that oil production in the region remains unaffected, and is being delivered to both domestic and export markets. clearly the government trying to reas