jackie deangelis.we come back, we're going to watch the dow down 15 and obviously a lot more as clapper continues to testify in front of the senate armed services committee. more "squawk on the street" in just a moment. >>> president-elect donald trump keeping up the pressure on obamacare on congress. the president-elect taking to twitter this morning calling senate minority leader chuck schumer a clown, saying it's time for republicans and democrats to get together and come up with a health care plan that really works. much less expensive and far better, exclamation point. senator schumer responding to the president-elect earlier this hour, listen. >> we understand that president-elect trump is in a difficult spot, that republicans are in a difficult spot. they want to repeal aca and have no idea how to replace it. but instead of calling names, president-elect should roll up his sleeves and show us a replacement plan. >> a new report from the committee for a responsible federal budget suggests that a

jackie deangelis for a check on gold. >> they're hovering around session lows here, down more than $10. of course, when you have a risk on day, people move into equities, come out of the safe haven positions like gold and also take a look at the gdx in negative territory, and the gold miners, as well. tradeable, actionable stuff here in the commodity space. metal is down across the board. >> thanks so much. >>> what happens to stocks in the weeks after hitting a milestone? we'll tell you, next. >>> and the only wall street analyst who says sell alphabet. wait until you see the price target, as well. we'll discuss and debate when "the halftime report" comes back. today, i am helping people work better... and also feel better. i am helping hospitals personalize treatments using billions of data points. and working with medtronic to predict the highs and lows of diabetes, hours in advance. and i am working with orreco to use biomarker data to boost the performance of athletes. hello, my name is watson. working together, we can outthink anything. our partners at kensho say if the history o

jackie deangelis has more. >> good evening to you.rgy stocks and earnings certainly in full swing here. we've heard from hess, halliburton, baker hughes, a big miss from chevron. some of what we're hearing is part of the narrative we already know. lower oil prices last year continued to be a challenge in the fourth quarter. still, companies seem to be slowly increasing cap ex budgets as prices have risen and stayed over $50 a barrelling showing a little optimism for the future. now the equity market reaction, a little cautious here. chevron's miss today doing some damage to the group. s&p 500 energy sector profits are now on track to sink 20% from year ago levels. as of the first of the year, only a 5% decline according to thompson reuters. meantime, more big names on deck next week. exxonmobil, valero. crude oil prices logging a roughly 1% decline today, flat for the week. we seem stuck in a range, frustrating for some. the mark is split on which way we go from here. back to you. >> jackie, thank you very much. energy was one of the

. >> thank you, jackie deangelis. >>> the financials have been flying in this rally. we've got a special guest here at the nasdaq to help us trade those banks. >> yep. >> lockheed martin ceo not the only one at trump tower. it's been a busy day of meetings. who else showed up at trump tower? that's still ahead. onmome seab a,asan unsn i ivog- i get mel an en in e sueceeaean,stisange ou bank of america wells fargo also impressed with their sales. focus turns toward 2017 guidance as well as q4, as you said. benefit of high rates and associated boost earnings is still to come and costs remain under control for jp morgan and bank of america, too, encouraging leverage and being boosted even before any potential deregulation. jp morgan's jamie dimon said he felt the economy was gaining momentum. this is why. >> look, of course, at broad spectrum, capture, household building, formation, wage income, wages going up, unemployment going down, retail sales going up, it looks like it's getting stronger, not weaker. that's just my own personal belief. >> he also had positive remar

. >> all right, jackie deangelis. jackie, thank you. >>> watching stocks here with a mini rally, second day in a row. haven't seen that for the first two days of a year since 2006. over to you, carl, for "squawk alley." >> good morning at 8:00 a.m. at tesla headquarters in palo alto, 11:00 a.m. on wall street, and "squawk alley" is live. ♪ >>> good wednesday morning. welcome back to "squawk alley." kayla tausche and myself at post 9. jon fortt's on assignment and inside.com founder and ceo jason calacanis and greik-off partners ellie wheeler. guys, good morning to you both. first to our top story. a busy morning on capitol hill. just moments ago, house republicans along with vice president-elect mike pence making a joint statement on the future of obamacare. we have team coverage this morning. eamon javers in washington, john harwood outside trump tower. eamon, let's begin with you. >> reporter: good morning, carl. you just heard from the vice president-elect, mike pence, saying that repealing and replacing obamacare i

jackie deangelis takes us through what to expect from commodities this year. >> reporter: volatility was the name of the game in commodities. gold, oil, copper all saw massive swings. it looks liking that will continue because there's so many unknowns. gold prices will move lower. gold prices will continue to move on fed action. a dovish fed has been supportive of gold. a hawkish fed is not. the fed's actions impact the collar which impacts gold. so, with fed change coming, the expectation is that gold prices will not fare well. crude prices will move higher. crude oil saw massive swings this year. it's expected to slowly climb higher and stabilize next year. the range is expected to be between 60 and 70 but that hinges on supply decreasing and demand rising. a number of caveats could throw that equation off. crude has shocked the market the last two years. it's not impossible for it to strike again. >>> copper prices seesaw. copper is an indicator of global growth. specifically in places like china. copper will continue to be in focus, expect prices to bounce around. data, headlines

. >>> welcome back to "the halftime report" i'm jackie deangelis. gold surging as the u.s. dollar weakens. what else is pushing gold higher today? >> jackie, we can blame china and we can blame the fed. china, because they made moves to strengthen their currency, which weakened the dollar, as you mentioned, causing the gold buyers to come in. and the fed took a decidedly dovish tone in their meeting minutes yesterday, worried about the strong dollar. and i'm not going to call it a fear trade, but certainly the concern trade for gold is back in, causing the buyers to come in. >> jeff killburg, gold breaking through the 1180 mark over the level today. where do we go from here? >> jackie, we talked about the 1170 market. we went through 1170. found some good support. right now looks like we want to go high, test 1200 as inflations expectations strengthen. >> okay. meantime, we're going to talk more about this subject on the show. at futures now.cnbc.com at the top of the hour. it's a big show. blackrock's terry simpson on a contrarian way to profit in 2017 and thsven henrik. mo

sending it back to you. >> jackie deangelis, thank you. come back, the senate announcing its first move to repeal obamacare. we're going to go to washington and get the heads up on this resolution passed late last night. stay with us. : the senate taking its first steps to repeal obamacare this morning. our john harwood is with us from washington. good morning, john. >> good morning, carl. we've had the senate pass its budget resolution, which puts the obamacare repeal at least the tax and spending provisions of it on a fast track that requires only a simple majority vote. of course republicans have 52 votes in the senate, they don't need any democratic support to repeal those tax and spending provisions. and one of the less noticed things about obamacare repeal apart from the whole issue of who loses coverage and what happens to deductibles and premiums and all that is there will be a very large tax cut for high earners from that repeal. that's because of provisions in obamacare for surtaxes on hospital insurance and also on unearned inco

back over to you. >> all right, jackie deangelis., thank you. >>> watching stocks here with a mini rally, second day in a row. haven't seen that for the first two days of a year since 2006. over to you, carl, for "squawk alley." >> good morning at 8:00 a.m. at tesla headquarters in palo alto, 11:00 a.m. on wall street, and "squawk alley" is live. ♪

i'm jackie deangelis. oking at crude oil today plunging 2%, falling below that $53 mark on supply concerns. jeff, what else is driving us lower today? >> well, jackie, this has been the most sensation tug of war we have seen. let's remember, when opec and non-opec members suggested the cuts we have seen crude oil elevate 20%. right now those opec, short-term cuts, are coming to realreality. on the other side of the rope we're seeing additional rig counts come on domestically and which will mean more and more production. right now i think it seems we're closer to $55 than $50 in the bulls are in control as this state bid all of january. looking back to test that january hyigh potentially on th 3rd of 56.02. >> meantime, jim, you've said you prefer to be short over a long oil right now. so explain why. >> yes. if it settles be we low $52.50, i think the bigger story is jeff pointed to is that when we're in the low 50s rig counts come back online. what really happens after that is as rigs come back online here

i'm jackie deangelis. gold is rallying over 1%. s about the weaker dollar or rising political uncertainty or a little bit of both? >> a little bit of both, jackie. and the trump remarks, his chief top trade adviser made some comments, specifically on germany, manipulating their currency. that really kneecapped the dollar, put it back under 100. you have to keep in mind the trump show we are seeing is front and center, jackie. we're seeing the reaction in gold as well to the immigration policy. continued protests around the country are keeping a bit in gold. we have to understand that the trump administration, uncertainty surrounding some of these new policies will continue to elevate and keep gold big. >> we saw a $20 rally at session high, staying over 1200. how important is that technical level? >> i think it's pretty important. right now we head up to 1225 and come back down. there's no word "panic" right now but there is some concern. we've seen moves in the vicks, and yen and gold. the situation is more closely tied to that. th

i'm jackie deangelis.ten-year treasury yield slightly higher today ahead of the fed minutes out this afternoon. what do you see pushing bond prices lower today? >> the bond prices are with r they are based on a risk on from the stock market and the notion of better economic times to come. a lot of people talk about big increase stimulus thing. but i haven't heard any talk since november 8th. i discount that. rates seem to be going higher. that's because people anticipate us doing better. i think three is my objective on the upside. >> scott, you have some key levels on your radar. what are they? >> it's important to remember that we're inside this big consolidation range, well at the bottom of this level of this range. some think we'll go dramatically higher. call options on treasury futures that trade on the floor we saw a big buyer today. they think the treasury will go much higher. they see the break even for the trade is 125.22. they see us going to at least that level, a point and a half above where w

i'm jackie deangelis. gold is trading higher today. what is weighing on gold right now, just the dollar or other elements here? >> no, i think it's the really surprising comeback of stocks from the low yesterday. it really felt badly like risk off at one point in the day yesterday. all of a sudden it had a stunning turn around. i think that's part of it. it's also the fact that yields are caught in a range. aren't going really anywhere. although the dollar is pulled back it's still comfortably above 100. as long as that stays in this range we could see a pullback. this is reversal for me, what i thought yesterday. today i think now gold goes back to 1177. >> ooh okay. 1200 obviously is a very key level. we went through it yesterday but couldn't close there. what are your thoughts? >> jackie, gold has been a bear market since 2012 really. it's a hedge against economic uncertainty and inflation. neither we've had since then. trump has had extreme tweets. i think that's actually supported gold a little bit. but as i think is the transitio

i'm jackie deangelis with the futures now traders. copper surging to a four-week high on stronger than expected economic data out of china. copper saw a strong rally after the u.s. election, anticipation, of course, of increased infrastructure spending. do you see copper heading higher from here? >> you know, it's tough. we're right at a resistance level. but i do, at least in the short to medium term. copper moves on chinese data. there's been a significant turn, upturn in chinese data, from the small business index. last time we saw a move like this, that came out higher than expected. 5.5%, 60% over last month, full percentage point over what was expected. copper moves on china and not much else in the short term. >> jeff kilberg, we're trading 261. what levels are you watching for copper? >> above this 2.55 per pound, jackie. very critical. but remember just back at halloween, a few months ago, jackie, we were trading at near $2. it's been a very volatile trade. back in early 2015, the first half of 2015, it was ranged about 250 u

. >> you've given us a perfect reason to go to jackie deangelis now for a market flash. jackie? >> good afternoon to you, scott. i just want to draw your attention to what we're seeing in commodities after the trump presser. crude oil hitting new session highs at 52.52. slightly off that level but a 3%, a little bit more than that, increase. and we were watching gold prices earlier this morning as well. they hit a six-week high after the trump presser. they turned negative. trading flat at this point. so as you watch what the equity moves are doing, the commodity markets are going to tell you something about how they felt about trump's remarks as well. back to you. >> thanks so much. with an update on what's happening in some parts of the commodities market. let's go to john harwood live at trump tower. so, john, you were in the room presumably listening to mr. trump in his first news conference in some six months. what did you make of it? >> well, it was fascinating. he moved a little bit but not very much. first of all, i want to add one thing to the discussion that you guys w

let's get to jackie deangelis at the energy desk with some breaking eia data. jackie. >> good morning to you, sara. that's right. department of energy coming out with weekly inventory numbers. you can see they depressed crude prices on the session. crude inventories saw a build of almost 3 million barrels, gasoline almost 7 million barrels. that's really where the pressure is coming from. we were trading 52.90 before this. 52.84 right now. i know everyone's excited about dow 20k, but crude traders are telling me you need to watch stocks and oil very closely together because oftentimes they do correlate. if crude oil prices don't continue to move higher from here or stay around these levels, we might have trouble holding these levels in the equity markets as well. back to you. >> we'll see about that. thank you very much, jackie deangelis. for the time being this is the best gain for the dow since december 9th, up 129. when we come back, donald trump expected to sign more executive orders on border control and immigration as he continues through his first 100 day

jackie deangelis now and the futures crew join us. >> opec out.ding a smaller oil supply, flagging that u.s. shale production is also ahead. oil prices are lower today. we're watching crude at the session low. will u.s. production cap oil's rise? >> it will certainly help. we learn this had morning that shale producers are ramping more quickly than we had expected. it looks like they will have ramped by 250,000 barrels a day. that's the sizeable portion of the cut we saw opec institute even though they say they're going so far, so good. it seems that by the middle of the year, shale production in the united states will take a big bite out of any impact that might have. >> crude level@as we approach 51? >> 51 to 55 range will be something we're stuck in. u.s. producers and, yeah, when we get to the upper 50s, we saw that two years ago, they came online big time, pushed prices down. same time we're seeing higher lows as opec talks about cuts. we're stuck in this range 51 to 55. we haven't really complete this had head and shoulders bottom pattern ye

jackie deangelis now has a check on energy. >> good morning, jon. xle is bouncing off session lows as the overall equity market is giving back some gains that we've seen in recent days. you can see that crude oil prices are negative as well, starting the session and going into the overnight positive but giving back as equities turn. some of the big dow components -- exxon, chevron, certainly part of the problem today. back over to you. >> all right, jackie, thank you for that. let's get over to the cme group and rick santelli for the "the santelli exchange." hey, rick. >> good morning, carl. a lot of things changing. this administration's moving fast. we just had kara swisher on. we know that she likes disruption, she likes disrupters. she thinks it's a positive. when it comes to things politically, maybe it's still a positive, but it can be a bit unnerving. now, markets many times have to make adjustments for big changes in strategic politics, policy legislation. but i'll tell you something, there's a unique situation this time. cnbc gets the best

." >> jackie deangelis, thank you. it is 8:00 a.m. at ces in las vegas, 11:00 a.m. on wall street, and "squawk alley" is live. ♪ >>> good thursday morning. welcome to "squawk alley." carl quintanilla with kayla tausche at post 9. our jon fortt live at the consumer electronics show in las vegas. a lot to come from jon later on this hour. joining us at post 9 this morning, elevation partner co-founder roger mcnamee and jonathan, barclays head of u.s. equity strategy research. good morning to you both. big story is the senate hearing under way this hour on capitol hill, top intelligence officials facing questions primarily centered on russia's purported hacking of the u.s. presidential election. senators john mccain, elizabeth warren, tim kaine among the committee members. eamon javers has been watching this all morning long. fascinating headlines. good morning, eamon. >> reporter: good morning, carl. there is an enormous elephant in the room here, and that is this classified intelligence community report on alleged russian hacking of the u.s. election. we know that th

let's get to jackie deangelis. >> reporter: crude oil coming off the session high which was $52.78, stillclosing with a 2.6% gain. we had a bearish inventory report, so a lot of trade wrrs surprised by the action we saw higher. i can give you two reasons for it, inside that report, you had a bullish report on cushion, and plats reporting opec numbers for december showing a drop of 300,000 barrels. so people having confidence that plan fors so people having confidence that plan for for that deal, enactme of it and follow through. and some optimism that remained in equities today, pushing oil a bit higher. overall, a near 3% gain. pretty strong in the energy patch. >> jackie, thank you very much. >>> donald trump, you might have heard that name a few times today, pulling no punches in his first news conference since winning the election. trade, taxes, repealing obamacare, those are some issues that the new administration will takal nine days from now, but really every question seemed to be about russia. how are businesses preparing for a trump economy? we are joined by dan levin, and philli

let's get to jackie deang lielit the energy desk. >> sluggishness we saw in stocks today as well. 52se me, 54.22 was the session high of $3 swing to the session low, $52.17. very, very interesting because there was a report that potentially libya wants to ramp up its output. shows you how fragile this opec deal is. u.s. production numbers out for the month, they are higher. people are concerned about that and spike in the dollar doesn't really impact this trade until it does. people started to care about it today. we saw a big swing in thnat gasn weather forecasts saying january will be more mild than expected. nat gas had a really nice run all the way up to 393. we've come back to that 334 level. back to you guys. >>> donald trump blasting gm, saying it makes cars in mexico and sells them here. just another negotiating tactic by the art of the deal author? going after companies that do business with the government. we'll take a look at that. when "power lunch" returns on cnbc. . >>> general motors, the latest company to be targeted by president-elect trump. gm joining now the compan

jackie deangelis is at the cnbc energy desk. jackie?> that's right, we saw crude oil go positive after trading negative to most of the session. it couldn't hold on to those gains. we'll finish just under $53 a barrel. it was really dow 20k and the positive energy we saw in the equity market that took us positive. but those inventory numbers this morning, very big build in gas and crude, substantial builds taking us lower. the main questions you have to think about if you're trading this commodity right now is will this pro-energy policy help or hurt? there's two schools of thought we've discussed for quite some time. does the market march higher from here, x energy and growth prospects take crude oil with it? finally, what will happen with the dollar? not trading with commodities right now but traditionally, they are correlated. back to you. >> jackie, thank you very much. >>> early in the morning of november 9th, 2016, remember that day? donald trump took the stage as president-elect to deliver a victory speech to a crowd of supporters

. >> thank you so much, jackie deangelis. to the good, we always start off with the good.fter earnings, revenue missed expectations, making scientific instruments and lab supplies. on to the bad. valero in particular is lower. it beat out earnings and revenue, the stock sliding along with the rest of them today. ugly day for u.p.s. quarterly report didn't deliver on analyst expectations. the stock is having its worst day since january of 2015. tyler? >> thank you very much, melissa. >>> and one more stock having a rough day, harley-davidson. landen dowdy has the story. >> tumbling as much as 7 prs, following disappointing fourth quarter results as motorcycle shipments fell short and are not forecast to grow in 2017. shares are down about 3%. harley's problem, 2016 models aren't selling as much as they had hoped and there's a limited number of the hot new 2017 models with the new milwaukee 8 engine. add to that, economic uncertainty, unfavorable foreign exchange rates and heavy discounts by competitors. the result? flat sales in the u.s. the question for the company on the

jackie deangelis, who hit ace half shot every time. >> that's right, brian. thank you.a three-day losing streak, wti tracking lower for the week so far, though. what's going to move crude oil? number this is afternoon, jobs number friday. watch all those closely. since 1985, wti has been positive in the first quarter 75% of the time. only a small average return of a little bit more than a percent. some of the big xle performers, including hess and halliburton as well. taking another leg down, intraday low, moving average with some support for nat gas. we had that run-up to almost 4. definitely profit taking here. back to you. >> jackie, thank you very much. >>> be sure you are right back here tomorrow, folks. we'll be reporting live from the goldman sachs conference in orlando, florida, including a bunch of interviews, including a pretty rare and exclusive interview with chesapeake energy. doug lawler will be your exclusive guest. fast money 5:00 pm eastern, you talk about chesapeake. it's a hot stock, big balance sheet story. we'll give you the inside track. >> thank y

let's get to jackie deangelis at the cnbc energy desk. >> crude prices getting a little bit of a bounceing around 52.5 today. two big items worth noting. opec saying it could pull the plug on the opec deal in six months if market conditions improve. also, exxonmobil investing a little more than 5.5 billion to double its base in resources to 6 billion barrels, the largest oil and gas acquisition since oil prices saw a steep decline in 2014. shares of xom trading a little higher. this is a big move showing that big oil is putting money on prices not declining again. you mentioned mobil energy almost $3 billion. certainly a trend to watch. >>> brent crude jumping to week highs, suggesting no need to extend the opec cuts beyond june of this year. let's talk with the global head of commodities. is that how you read what he said? >> i was in abu dhabi. first essentially we're prepared to do more, producing below 10 million barrels. and then on extension basically said, look, we may not need to extend beyond june. the deal may have worked for them. >> is the deal working? >> they kept saying,

. >> jackie deangelis, thank you. >>> the dow is now in the red.he dow up 8% since the election but not everyone is convinced this optimism will continue. we spoke with former treasury secretary larry somers earlier on ""squawk box"." take a look at consumer confidence, optimism at 12-year highs, markets at record highs right now. how would you characterize this? is this a sugar high? >> sugar high. >> it's a sugar high? >> that can last for a while. >> somers went on to say that sugar highs like this don't often end well. are we headed toward a major downturn in the markets? >> tim buckley, chief investment officer of vanguard, helping to oversee the $3.8 trillion in assets under management. welcome. good to have you with us. >> pleased to be here. >> what do you think of the market? >> i would say right now there's a lot of euphoria in the market. going into the election, we would have had the market fairly valued. since then, it's run up. and the fundamentals haven't really changed. so, as professor summers said, it's a bit of a sugar high. it's

let's send it over to jackie deangelis with the eia inventory report. good morning to you, sue. we are watching natural gas prices spiking 4%. the department of energy out with its weekly storage report. a drawdown of 119 bcf. that's right in line with expectations. and actually it happens to be less than the drawdown that we saw last year, less than the five average as well. so why are we seeing the price spike you ask, pro-trump policies i'm told by analysts and traders are concerning this trade right now. if we see more fracking and we see more supply coming out of the ground, we see more pipelines and export terminals as part of this infrastructure buildout you will see natural gas exports start to rise. and as that ramps up, you will see these prices go up. it's not a great thing for the american consumer per se. now, remember we've been relatively low for awhile, but really holding over $3 here for quite some time now. so watch this trade very closely and think about how the politics are impacting some of these commodity trades. back over to you,

. >> all right, jackie, thanks so much, jackie deangelis.e back we're going to tell you who's giving apple a vote of confidence and why. and later today, the cfo of wells will be on "closing bell" this afternoon. dow up 55. 54 points once again from 20k. back in a minute. wi t ht& blngrirm thtrav, evismaa thr val et yoo yak.rsakk icngio neik rmbs? vo tprcr2 biat t but f u pit he we idy seugthththfug t ca ler blo sugath ft,t, pve me. ied but f u anil notorg brehtosp bvokaan siects udde t ibri eay ude ca le reenin iu aou s t ibri eay ude ca le reenin iu ceym ofllllgisw, ifbreag s doe naeu nenvanr by ♪ >>> apple getting some good news after an aboutface by consumer reports. the publication now recommending the latest macbook pros after previously rejecting them because of battery woes. consumer reports says the problems were addressed with a software fix released by apple earlier in the week. we were just talking about the stock, right, about 119.55. >> right. i think apple is very much -- when you see netflix go up and watch twitter feed peopl

let's get to jackie deangelis.he's at the cnbc energy desk. >> we've seen crude prices close below the $54 mark. losing some steam as we head into the close. this has been a seesaw for crude oil prices. we saw pressure yesterday. people are getting back in today. back and forth movements. choppy movements when it comes to this trade. 54.06 was the session high. you can see it's not getting enough momentum to try to get out of the high of the range. crude traders watching equities very closely. they want to have more confidence in this market, that the rally is real that it's more lo long-lasting to really break out to the outside. back over to you. >> thank you very much, jackie. shares of abercrombie & fitch slightly higher today. the company plans to cut 150 jobs at its corporate headquarters in new albany, ohio. in august a & f said it was closing 60 stores in the u.s. >>> thanks, tyler. and sadly that story speaks well to this next one. in its quest to fulfill the promise of jobs, jobs, and jobs the then candid

. >> jackie deangelis, thank you very much. to sue herera around a shooting in fort lauderdale. >> there are people milling around. so we've got some people hunkered down behind cars with police. with that you are guns drawn. we do not know. >> there's a warning that perhaps people heard an alarm. >> it keeps the lights within 50 miles of the airport. able to land. out of fort lauderdale. the president-elect has tweeted about this a little bit earlier saying he's just spoken to the governor and he offered his prayers for the victims and the vice president has tweeted as well. our thoughts and prayers are with the victim. we still have those people. basically behind cars. the police have not allowed them to move. they have evacuated from the terminal. >> the main airport closes. >> they would not confirm that. >> it's on a year. >> they have put out that tweet. >> basically started firing. it's a .9 millimeter weapon. reloaded it several times and fired randomly. he did not apparently say anything. the airport police. the witnes

jackie deangelis joins us now with that story. >> good morning to you guys. since the dow 10k. and chevron up 25% respectively. both will be key should the dow move higher from here. excitement has been building around the energy name since president trump vowed to roll back the industry. two days ago he signed executive orders in the dakota access project, confirming his willingness to take action. they could lead to more drilling and pipeline, that would transport the oil. but they could create an environment where the mark becomes flooded with oil again. remember, if there is not enough demand the prices go down. we saw $26 a barrel in february of last year. those low prices hurt the oil giant. right now, analysts are saying we should see 60 to $70 a barrel. right now we are a little above 50. >> that would boost the dow and there is a ril risk, here. >> talk about that risk. one sector that has not added to the rally, it's the worst performing s&p sector. sick around for this, greg gordon the a power researcher at isiment you just we heard that. are you bullish. >> are we m

cnbc's jackie deangelis joins us now from beasley's point generating station in new jersey. hope i pronounced that right. i apologize to the good folks there. >> reporter: good morning to you, scott. that's right, if president-elect trump does roll back these regulations, create more energy infrastructure projects, then theoretically you get more americans working within the industry. but the question right now, of course, is how easy is that going to be in the first hundred days and through the rest of his term. behind me you have an electricity facility that runs own coal. the goal here right now is to transition to natural gas. but a pipeline is needed to get the natural gas over to the plant. that pipeline is proposed to run over environmentally sensitive areas. that's where the problems begin. now, creating a papliipeline li this would create jobs in new jersey, but opposition is mounting and there's a public hearing scheduled on january 24th. so this is the classic jobs versus environment clash here. the question, will new epa and department of energy heads change the

jackie deangelis looks s at so of the challenges he will face. >> reporter: by all indications he shouldady for difficult questions, not justs about h ab finances, but about his personal experiences, he has dealings with foreign heads of state, but now questions on how he will approach those same entities as a diplomat. there's the iran nuclear deal. this was a deal by executive order. will tillerson's tone on iran be more harsh. he already said he doesn't believe in sanctions or if they're effective, that was the case when it came to russia. what will he say on russian hacking. the president-elect called climate change in hoa hoax at o point. on the personal side of this, his financial have been in focus. with personal fortune of nearly 500 million, he will divest some of his exxon stock, so what he says today will be scrutinized, his answers will pave the way for his potential confirmation and his impact as secretary of state will be on oil in general, dealing with countries abroad, this will have an impact not only on big oil companies but countries, too. >> thank you. >> is this me?