but as jackie deangelis reports, turn lights is a massive undertakin >> reporter: power companies in florida being put to the test, by irma. across the state, about 6.5 million customers without electricity initially. crews working swiftly to bring that number down to about 3.5 million today. >> irma was basically an equal opportunity destroyer. there's parts of our southern territory in the central florida that we're going to have to actually rebuild part of that. that's going to take a lot longer than a simple restoration. >> reporter: chris and his team at duke energy knew they would be challenged. florida's second biggest power provider is working 24/7 to reduce duke's outages from 1.5 million to a little more than 800,000 on wednesday. >> we've told people they're going to be back in power by midnight on sunday, this coming sunday. those pockets in the south, maybe a little longer. it's a 24/7 operation and probably won't stop for some time. >> reporter: while some communities never lost power or got it back quickly, it will be harder to restore in the more damaged areas. flood

jackie deangelis is standing by. let's start with cnbc meteorologist david biggar. >> good morning. hurricane irma we're watching it very carefully i wanted to show you what the track is still looking like. we have a category 1 storm it will continue to track up and along florida's western coast line weakens as it does so eventually becoming a tropical storm. it's eventually starting to shift from more of a wind producer to a rain producer. i wanted to show you the current wind field this is what it looks like right now. all of these colors, that orange color that you're seeing is the extent of the tropical storm force winds. you see it does extend out very far. as this continues to travel north, a good portion of georgia and south carolina will feel the impacts. as i mention, it's not only a wind producer, it's a rain producer as well you can see a good producer of georgia, 5 to 8 inches of rain would not be surprised if a few areas of southern georgia pick up more than 4 to 8 inches of rain, as much as 15 inches as this drops a lot of rainfall send it back over to you. >> david, n

jackie deangelis inviera beach, florida diana olick is at a home depot home center with the latest ones flight delays and cancelations. jackie, let's start with you. >> reporter: hey, kelly. good afternoon this is how i'm looking at this story right now. power, ports, and gasoline let me break it down for you just like that 6 million people across the state of florida right now without power. that power needs to be restored. it could potentially take weeks before they're seeing electricity back again remember, it's not just light switches we're talking about, it's also air-conditioning, it is very, very hot down here around the 90-degree mark. the ports behind me are also a critical piece to this because they -- the shipping channels are the way supplies are going to get in and out. we're at the port of palm beach where it's actually a bigger export facility and the port director told me earlier this is how the caribbean is going to get food, water, supplies, that it badly needs after being pounded by this storm. on the gasoline side, of course, remember as we were going into this, we

that means the reit counts are too late jackie deangelis has the numbers. >> reporting that the u.s.ook five oil rigs offline in the past week bringing the total down to 744, the number up from 326 a year ago remember, oil prices over 50, the concern now is that shale production will i crease, but this shows that the efforts to rebalance are still a work in progress didn't really move the price trading at 50.40 >> thank you very much, jackie deangelis. >>> apple's latest products hitting stores today we'll have to wait and see if they're flying off the shelves meantime, we'll get a look at the new phone and watch after the break. why investors soured on this stock since the 8 and x were stock since the 8 and x were revealed real estate, infrastructure, and emerging markets. partner with pgim, the global investment management businesses of prudential. for years, at&t has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 1

for cnbc business news, i'm jackie deangelis in free-thrif . lauderdale, florida. >>> insurance losses to date have put them on pace for the worst week since january 2016 industry leaders tried to make assurances that they can handle the financial impact the chief of the insurance information institute says the sector is ready to withstand any natural catastrophe. >>> and exxonmobil's ceo darren wood says his company is ready for hurricane irma refineries are in the process of being resumed after hurricane harvey woods described his team's strategy in response to both storms >> we had a team set up working on the response to hurricane harvey when irma started to form that team formed a subgroup that started working on making sure our supply operations going into florida were robust. we've been working that for several days the strategy now is to make sure all the distribution system is as full as it can be and we're getting fuel distributed to the points as much as we can, so if that hurricane hits we have inventories high enough to aid in the

. >> thank very much back to jackie deangelis now who is on the drive to resenator power in florida 6 million residents of florida without power. she's live in riviera beach for us, jackie >> good afternoon to you, skorlt there interest two finish use. power is one of them this finish on power, 6 million residents is without it >> look at the map, that's are areas where po%. people don't have water and it could be weeks before everybody gets their power back. i can tell you from being on the ground here. it's 90 degrees and hot and not only do you have a problem with electricity and air conditioning as well. you can see power utility trucks coming from minnesota and also wisconsin to try to help out the residents in florida this may be a little bit of a group effort before power is restored completely to the state of florida the second aspect of this, of course, is the ports, and that's where we are today the port of palm beach is closed right now waiting for the nod from the coast guard to see if they could potentially reopened tomorrow this is where the exports are going to come mov

reports that 65% of the state is without power egg making it hard to quickly recover, and as jackie deangelis reports, the situation is improving slowly. >> reporter: more than 6 million people in florida lost power, almost every part of the state impacted by the outages. >> we lost power on friday before the hurricane was even nearby. >> reporter: c will be working as quickly as possible, with some helps from neighboring states, officials pleading that people by patient. >> having daily calls, they're going to do everything they can. i've been talking to nursing homes all short, assisted living, everybody needs the power back on. >> reporter: the major shipping channels saw closures. ports are on hold until the coast guard makes sure its safe for vessels to pass through. >> our ports are a serious critical port in relation to providing relief supplies to the caribbean islands. they were hit five days ago, some devastated. a lot of the relief supply that is go to them come out of our port. >> reporter: gasoline will also come through the port, but only after the coast guard gives the nod and

650 miles in diameter, like the distance from here to washington kalee, thank you meantime, jackie deangelisseeing a lot of the retail businesses around me close both the smaller operations and the bigger name operations and some of the chains this is as we're getting into the evening hours. if people are staying on the ground and they haven't made final preparations yet, it's going to be tough to get supplies tomorrow. i'm not sure that much around here is going to be open the latest update from this chevron gasoline station that does still have supplies he has a couple thousand gals left and thinks he heel make it through until about 8:00 tonight and will keep his convenience shop open in case people need last-minute food supplies but that's one of the last places open around here i'm surrounded by a couple of big chain hotels and the folks staying there, a lot of elderly people that i mentioned before, some people with special needs, some people who haven't evacuated the city and have coastal parties and don't want to necessarily be on the coast so they want to be in the shelter of a hote

jackie deangelis joins us from the orlando area good morning >> reporter: good morning to you.he good news is that about 45% of customers that lost power have seen their power restored we've seen the numbers go from a little over 6 million down to 3.8 million. take a look at this map we've been tracking over the last couple of days the whole state of florida was practically in red, meaning roughly 75% of people in those zones didn't have power. now we're down to 50%, 25% so the situation is looking better i can tell you, as we were driving north yesterday, we did see floods of people heading south, as you said to survey the damage and get back to their homes and see exactly what irma did in their specific location just because those people might see power in their homes doesn't mean everybody will. we were in ft. pierce, we found a community pretty much under water. they still didn't have power they didn't have water working properly in their homes. there was a large senior population there you can see people wading through and trying to get out so they could get to a safer pla

millions without power and it could well stay that way for days jackie deangelis with the latest jackieter: hi, carl. the first question i get is how are people coping with that power situation. at one point 1.6 million florida customers without power as you mentioned. sure, you had those folks who were cranky. you had folks angry because of extraordinary circumstances. most people were like this >> i've lost power for five days i'm glad i'm getting it back today. i'm not impatient. i'm happy that everyone is out here now, as you can see, getting it together. >> most people were just happy that crews are out today trying to restore power and bring it back to them they are grateful that they are safe and their homes haven't experienced as much damage as they were thinking righthere in this neighborhood right now, we are working on getting -- we are not, duke energy, the second largest power company in florida is working on getting their power back this is a rebuild situation. it's going to take a little bit more than they expected when they got here this morning but they are going to sta

but we want to begin in west palm beach where jackie deangelis is covering the millions of consumers still without power. good morning, jackie >> good morning, guys. this is a major story here in florida. the ceo of florida power & light, florida's largest utility has said power could be down in some parts of the state as long as weeks, especially if there's structural damage. take a look at this downed power line behind me this is certainly one of the issues that people have to work on the crews have to get out and fix these lines. but when we're talking about structural damage, we're talking about potentially the grid now, we've mentioned yesterday that there were almost 7 million people without power now that number is down to about the 5 million people within the state. take a look at this map. there doesn't seem to be a part of this state that hasn't been touched by the power outages in palm beach county, we were looking at half a million without power yesterday. that number has dropped by about 125,000. so it's certainly a step in the right direction. as we drive around, we see

the most and get them there as fast as we can >> thank you katie fox >>> lets go to orlando, jackie deangelis: good afternoon, most of them are hungkering dow here this gas station operator told he had about 10,000 of gas this morning and midday he got half of that. he will stay open as long as he has gas and the weather permits. other measures are being taken tarn around the city as well. time is whining down earlier the chains were opened and the donut shop is bordering down and closed. you can see i-95 is moving nicely people are telling me they have putting faith in god and hunkering down and weathered storm like this before hike hurricane andrew it is difficult to believe that a storm of this magnitude that's going to come through with the winds that's predicted we are seeing light winds. it is 90 degrees and sunny out at this point. people are saying, maybe for some reason by sunstroke of the universe, it will not hit the way it is predicting, guys i think that's wish full thinking at this point >> yep >> jackie, thank you, jackie deangelis. lets goat morgan brennan, she's live right no

jack jackie deangelis is in palm beach with a look of the damages and the impact on commodities and morganrennan is right her of how costly these two hurricanes could be for insurers >> contessa, you first >> reporter: we are out here on this beautiful day those of the coast were put in place of hurricane andrew and the proof was in the pudding right behind me never lost power and the damage is minimal. the storm squirted to the west they did not take a direct hit the residents living there are pleased with the way their on play held up -- place held up during the storm take brickel, the population tripled since 2,000. what is becoming the populous neighborhood in downtown miami theres a $1.5 billion mixed use project. what they are dealing with is the after math storm surge and a lot of debris that came down and tower that's under construction is dropping debris during the hooi height of the storm. the locals say hey, that's nothing, this neighborhood floods when there is just typical everyday rain that comes through. the infrastructure itself needs to have some attention from the city an

jackie deangelis is working that story for us from west palm beach, florida good morning, jackie theower story appears to be the one affecting most floridans. >> that's right. because it covers most of the state. yesterday we saw more than 6 million people across florida without power. that number has dropped down to a little over 5 million people that's definitely a step in the right direction considering the fact that this storm just blew through. but sometimes it's the outskirts, the outer parts of the state that are the hardest to get to. crews not only have to get out and restore the power, but make sure that these wires are safe this is a neighborhood that didn't have power about eight hours ago. this morning, some of the lights are on and we suspect that they do. but, again, these safety impediments are something that crews have to work on. in palm beach county specifically, we saw a little over half a million yesterday with that power. that dropped about 125,000 but still, this is a massive project to take on and there are crews even coming from out of state to try to help wi

back florida battered after irma made landfall energy commodities still moving in the aftermath jackie deangeliss at the riviera beach with more. >> reporter: good evening. commodities specifically the energy sector a big part of this story. everything was using gasoline to get away, now trying to come back and rebuild everything, but we still have some issues regarding gasoline distribution. there are three main terminals we need to look at in florida -- tampa, ft. lauderdale and jacksonville remember, there are no refineries here, just distribution had you beens hubs those station are not in the best shape west palm beach, ft. lauder day, miami storks st. petering burg, a little more than 50% of gas stations are without gas, orlando and jacksonville just under that 50% mark, so it's going to be difficult for people who need gas the coast guard will give the all-clear to the ports, but you need power once the ships come in to take the gas league and put it on trucks. what's interesting, crude oil is. >> it's down probably because of spike we saw harvey was an issue with refine rears, here it's

our jackie deangelis is at the port of palm beach jackie >> reporter: hi, jon well, this port is crucials the fourth largest in florida, and also it sees about $7 billion of commodities in its water each year 80 are exports, and that's important because right now this will be the port that sends a lot of supplies to the caribbean, those who were hardest hit potentially by the impact of this storm and have been waiting for five days for simple things like food and water. meantime, florida power, that's another issue, too about 6 million resident are without power at the moment. obviously the authorities and the utility companies are working as hard as they can to try to restore it, but they also say it could potentially be a few weeks before that mother is restored 70% of palm beach county right now is without power as well last point i want to make here people are keeping an eye on some of the commodities that come out of florida as well. citrus specifically. it's a multi-billion dollar industry in florida, and florida supplies more than 50% of the u.s. supply in oranges people will be w

jackie deangelis made her way down to ft.derdale she has the latest good morning >> good morning. all is calm here as residents and business owners are bracing for the storm. basically waiting at this point just to see what the exact path will be and how hard it will hit. behind me in the distance, not sure if you can see it, it's dark this morning, but the port everglades a very crucial port in florida thenumber one sea port in florida by revenue and the number two petroleum port as well petroleum will be very important. we saw gas stations selling out of gas yesterday, massive lines as people were trying to leave ft. lauderdale or potentially stock up if they were going to hunker down and stay here. gas buddy says that 30% of the gas stations in florida west palm and miami are already out of gas so we're watching this situation closely. monitoring the port to see if it will close and we'll have the latest the next hour back to you. >> i was going to ask, because you were in corpus christi before hurricane harvey struck that

jackie deangelis is outside orlando with the latest on the situation. >> at one point more than 6 million customers in florida were without power that number has dropped down in the state to about 3.5 million duke energy, the second largest energy provider in florida, has brought their total from 1.4 million all the way down to 825,000. sue, back for you. >> jackie, thank you very much the damage from the storm being assessed in miami. irma leaving that city looking more like a war zone neighborhoods were level the, roads washed away and residents in some parts left with nothing. damage in the florida keys is extensive, and the recovery effort there is slow this drone video provides an aerial view of the widespread destruction at big pine key. according to fema, 25% of the homes in the keys were destroyed and 65% sustained major damage and six residents of a nursing home have died in hollywood florida. the patients were immediately evacuated after officers responded to a call about people in need of critical care they say the building had been without power since hurrican irma hit on sund

i'm jackie deangelis watching gold today breaking below 1300 and nearing its lowest level in near lay what do you make of the moveneder 13 >> regain hawkish tone and didn't just leave the door open for a december rate hike they kicked the door down, jackie this height in 2017, a surprise. market discounted quite some time but i think janet yellen realized they had to stop the landslide in the u.s. dollar that popped the dollar, hurt gold caught a lot of long investors offsides a deep breath. gold still outperformed the s&p 500 up 12% year to date. >> and after the big breath, gold flirting with a 50-day average. what are leveling you're watch aring? >> 1285 the number for the 50 day. a squeeze going on with the hedge funds. right now they own a lot of gold and they own a lot of it above 1300 they have to get out of these positions. i think it continues and we go down to the 200 day, which is 1241. >> okay. thanks, guys. >>> meantime digging deeper into gold's moves on "today's futures now. dennis gartman with us revealing why he's not concerned about the gold rally and anytime soon, p

let's get a check on the bond market with jackie deangelis. >> good morning, scott well, the ten-yearrallying and hitting its highest level in over two months, this following the trump administration's tax plan reveal jeff, what do you make of the move >> we're seeing yields move in the ten-year but also look at the two-year specific to the ten-year, yields are on the move. why? janet yellen last week is pushing on that string we saw the u.s. dollar react and also saw the spike in yields, so i think she wants that long curve to continue to go up so watch continued rhetoric by fed speak but right now there's not a lot of buyers and we're seeing buyers evaporate because the u.s. government was the biggest buyer in october. >> on a technical level the ten-year yield just broke out above its 200-day moving average. what's the next move >> last week i said if it settled above 230 i would become a yields bull, a bear on the ten-year and i'm there right now. i think the next move is to 2.39 if it settles back above 2.40 i think this move is a much, much bigger move. right now i think yields

let's move on and get a look at how things are in florida this hour jackie deangelis joins us from ftlauderdale with the latest >> good morning to you there's a lot of activity on the ground even this early in the morning. especially at this gas station behind me which still has gas. the manager told us on a normal day at this time he has 5,000, 6,000 gallons, he got a shipment last night that gave him 10,000, but he thinks that will only last through half of today people are taking a wait and see if they should get out of here, but today is the last day to get out. the gas station across the street from me is completely out of gas, boarded up governor scott said yesterday they would take emergency precautions to get some of the remaining supplies, gasoline supplies out of the port and into the places that needed them we actually observed some of this process happening some of the petroleum products going off of the ships, getting loaded into trucks we have video of that for you. but at this point it's one of those situations where if you have not left yet, you probably want to leave

. >>> quawelcome back to the halfe report i'm jackie deangelis watching wti crude falling in the sessioncing for its third straight week of gains, that's actually something it hasn't done in five months bob, opec ministers meeting today, talking presumably about compliance is opec really a part of this trade anymore? >> not in the short term, russia's oil minister was quoted as saying it was too early to extend they didn't extend, obviously, as you just said he's talking about potentially january having an extension. iraqi's oil minister seems to want it, but nothing happened today. you look at where we opened, 50.39 this week, now at 50.42, 50.41. essentially an unchanged week. still above the $50 level. still looking to refineries to get back to full capacity. 83% as of the numbers this week. >> walk us through the charts. we mentioned the fact we're staying over that $50 level, what are some of the technical levels we should watch and are we going to move higher next week >> yeah, that would be the short-term support, jackie, that $50 level. on the up side, you're looking at $52 $51.9

i'm jackie deangelis we are looking at copper rising for the sixth straight session today and hittinghest level since september of 2014. jeff kilburg, the metal has been on fire this year. what's driving this move >> well, jackie, it is nice to see something green on a day lake today but you're right and by and large, you're seeing a better batch on global gdp. ya lot of people are contributing the fact we've seen supply restrictions on chinese -- but the biggest undercurrent moving copper higher is due to the weakness in the dollar you see the 10% drop in the dollar they have been buying copper and right now that continued trajectory moves upward. globally that will have copper come back to the $3 level. >> he says it's going higher do you agree what are the levels we should watch? >> i actually do agree with that right now we've broken out above $3, jeff mentioned it. china can no longer buy copper from north korea i'm looking at 3.20, a high made in december of 2014. when you look at the cot report, the commitment of traders you'll see managed money has been buying copper steadily

. >>> welcome back it's halftime report i'm jackie deangelis we are watching treasury yields rise aheadorrow's fed decision the yields on the ten-year hitting its highest level in a month. brian stetland, what do you make of this move in the ten-year today? >> certainly the ten-year should have stayed below 220 and since it hasn't it's ticked higher looks like it might be moving higher and the reason being i think the fed is going to need to make some move to stop the $2 trillion plus that they've printed into the market since 2008 the reason be being look at the crb index, the commodity price index. we've seen a real bottoming process there, a tick up in inflation coming from the commodities side we haven't seen it in wage growth yet in the u.s. worker but we've gotten it in the commodities space and i think for that reason the fed's got to do something to sort of curtail that and now you're seeing the ten-year tick up a little bit higher i think we continue to move maybe to 2 1/2% on the ten-year. >> jimmy, what levels are you watching ahead of the fomc announcement tomorrow? >> the t

let's get to jackie deangelis. she is live in fort lauderdale where preparations are under way. certainly you've got residents and business owners here bracing for irma. even though a lot of people we spoke to have said they definitely know it's safer to leave, many of them are making those preparations to hunker down and try to weather the storm. here at this home depot, which opened about an hour ago, lines were forming just before the 6:00 a.m. mark that's because a shipment of generators were coming in. people are trying to even buy those high end, higher ticket items, those generators cost about $800 a pop and they sold out in the first few minutes but you can see behind me, people are stocking up on wood boards for windows, sandbags, buckets, water, all kinds of supplies gas cans as well you can see this line here is forming as people are stocking up on these boards these boards cost a little bit more than $20 apiece and people are walking out with stacks of them a little bit of mayhem in this parking lot as people are getting ready. there's definitely nervousness, and tens

. >> we have complete team coverage of this storm we are in bonita springs and jackie deangelis out there and diana olick north in atlanta we want to start right now with carl good morning to you. >> reporter: good morning to you. as becky said, the storm is very much a force in northern florida, will be in georgia later. we're in southwest florida landfall was southwest of naples we're on a bridge overlooking one of the waterways the good news if you can call it that, the estimates of storm surge, 10 to 15 feet, didn't really happen. you have all of these condos, hotels, gated communities that don't look that much different from the pictures that we shot here yesterday of course, i'm going to give that a big calf fee at given we don't know the fate of tampa and tampa bay. when this was considered to be a doomsday scenario in miami beach, the impact there was very real, when it was considered to be a direct hit, that was a high end real estate story. that picture remains true. a lot of these homes out here, mental heal multi-million dollar homes 42% of the naples population is over 65. if

we want to get over to jackie deangelis right now she is in fort laurd dale on the ground, has the latestood morning to you, andrew the fact the storm was downgraded to a category 4 hasn't really changed the perspective of the locals here on the ground. they're still very concerned about this a lot of people highlighting to me the fact that this is a storm that is larger than the entire state. so that gives you a little bit of a sense of the magnitude. now preparations certainly have been made over the last few days for people to evacuate or prepare to weather the storm here on the ground we drove around last night we saw many shopping centers already boarded up and closed. if you didn't get your supplies, today is the last day to do it but certainly limited quantities and limited places to do that. gas, behind me, at the gas station has certainly been something that's in focus here as people are hitting the roads. and they've been doing so in droves you can see here that the pumps behind me are completely full, and there's been a steady scream of volume all morning. actually the line goe

jackie deangelis has an update good morning >> good morning, joe it's certainly quiet on the ground hereake preparations or get out of town yesterday i imagine the same will be the case today i'm watching closely for ever glade behind me, it's the number one seaport by revenue and the number two petroleum port in florida. gas is certainly going to be a big part of this story as people are getting out of town. they've been trying to fill up we witnessed a lot of gas lines going on around the corner as a matter of fact, gas buddy is saying 30% of the gas stations in miami, ft. lauderdale and west palm are already sold out of their gas products it's difficult to say whether or not they'll be replenished or not. we had a chance to speak to the mayor of ft. lauderdale yesterday. >> people don't realize that port supplies the petroleum for 18 southern counties initially you'll see a further shortage of petroleum because of what's got to come through that port >> florida consumes about 500,000 barrels of gasoline per day. about 80% of that, according to the eia, comes in on tanker. the question

. >> let's get back to hurricane irma and jackie deangelis who is monitoring development on the southeast coast of florida >> the best way to describe it is to tell that you certainly nerves are on edge here in terms of the residents and business owners in this community we're at a home depot store. people have been stocking up on supplies all morning and even though there was a high volume here this morning and that volume has lasted throughout the day, we're also seeing some of those nerves start to show themselves because people have been scrambling around the city to try to get the supplies that they need. you hear those horns honking in the parking lot and people frustrated they can't find what they need on the shelves right now. at this point, people are dec e deciding what to do. do you stay or do you go they're trying to board up their homes and secure their property. governor rick scott issued some very stern words when it comes to safety and how to prepare for this storm >> i cannot stress this enough do not ignore evacuation orders. remember, we can rebuild your home, but we ca

you need to make your final preparations today >>> now to jackie deangelis where people are preparing. >> this is florida's largest port by revenue. they are making final preparations here, winding down operations right now the deputy port direct oi telling me the target to close operations would be tomorrow night they're working very closely with the coast guard on that you can see some of the containers behind me these are actually full of product. it's the empty containers that could potentially be a problem when the wind gusts come, they can be blown around. that's one of the evidence 3/4 making this is the second largest petroleum port in florida as well people are concerned about that. and finally it is the third largest cruise port in the world, so you can imagine how many ships are traveling through here i want to give you a sound bite from the deputy port director. he explained how the -- >> we have one tank ship in. it's the last before the storm arrives. >> okay. we're having trouble with jackie's length there. it's a beautiful day in south florida right now, not certainly

jackie deang list joins us with more on. jackie, good morning. >> good morning, mike. hard hit by hurricane harvey. 2 million barrels a day of texas refining capacity still offline. in the scheme of things, it's not huge major refineries are working hard to get operations back up as soon as possible after fire and flood damage pipelines were a concern as well down portion of the colonial pipeline in houston is running today. let's talk about prices. crude still under $50 a barrel getting a nice bounce today as the refining operations come back, crude will be refined and inventoies won't build as much. we'll hear from the ati tonight. department of energy tomorrow. those impacts will most likely show builds in crude and draws in gas hitting a two-year high because of harvey. national average of gas $2.65 according to aaa, 45 cents higher than this time last year. couple of things to keep in mind at this point. it could take several weeks for the harvey damage to be fully managed. that means another 15 to 20-cent gas price hike is possible though rbob is recovering nicel

let's head over to jackie deangelis. >> look at the intra date chart. session high was almost 1314 and we got over that critical 1300 level. that is because of the tensions, increased tensions i should say with north korea at the moment you can see the market is selling off and traders were buying in to gold considered a safe haven asset certainly making a big move. on a percentage basis, a little bit more than 1% back to you. >>> it is the president's latest fight going after athletes who do not stand for the nags tional anthem it's now a national conversation eric is taking a closer look at how big business is responding >> so we've heard from nearly every nfl team, many owners and hundreds of players and now corporate sponsors are slowly speaking out fedex says it expects more dialogue to happen across the league for the rest of the season ford said it respects individuals' rights to express their views even if they don't agree with them. and nike says it is supporting freedom of expression around the country. so many nfl owners who shadow natured mi

. >> thank you >>> lets go to jackie deangelis tat cnbc's commodity desk. >> on the face of an overall some factors in the marketplace right now u.s. production, climbing near peak levels and opec maybe out of bullets the luhurricane e if he caffectn to wear off. we could go back to 52 and slightly higher from there a lot of the most recent move could be shortcomings. if those shorts come back from the market, all of that could be off >> thank you very much american airlines do's doug parr he told us, i don't think he will ever lose money again, how is he going to make that happen? "power lunch" will be right back my "business" was going nowhere... so i built this kickin' new website with godaddy. building a website in under an hour is easy! 68% of people... ...who have built their website using gocentral, did it in... ...under an hour, and you can too. type in your business or idea. pick your favourite design. personalize it with beautiful images. and...you're done! and now business is booming. harriet, it's a double stitch not a cross stitch! build a better website - in under an hour

lets go to jackie deangelis at the cnbc's desk. >> almost a 3% move on the day sessions high 48.98 sol but not able to break it four main reasons that we move higher today perceive demand returns, post harvey, refineries getting back online and weaker dollar contributing to this as well. >> more conversations of extending the opec cut everyone is looking at irma to see where it is making land fall lets take a look at our prices, because you are seeing it lower, rbob gas prices at the pumps have spike $2.64 cents. that's up 30 cents in a month. consumers are feie feeling that at the pump. of course, if irma worsen the situation, it can be prolonged at this point. we are watching crude $49.63 >> jackie, for more on today's mark sell off, lets bring in cnbc, our director with o'neill security gentlem gentlemen, i will begin with you. those are the tales there. what's going on today? >> listen, by the looks of it. if you look at the independenxef the screen, it looks like the market is getting crushed. with 250 points s&p 500 is down 50%. there is not a sense of oh my god and the market i

our jackie deangelis is riding along with crews as they try to get the lights back on, jackie >> reporterafternoon, that's right, another stop on this incredible ride along today. and you can see up here, this crew is working on distribution switches, they're making repairs to those, they were damaged in the hurricane. they are working with live wires here, they don't turn the power off in order to do this. they keep. going for the users that do have it in other areas, they are working with drones to actually assess the damage and make sure that they're figuring out where they need to go next in the most efficient way possible let me give you some statistics of what we've seen today duke energy replaced 3,000 poles that hold the wires up, 950 miles of wire, they've also replaced 1,100 transformers and that's just happening today. now in florida as you mention, these power outages were very widespread, about six and a half million for the state in terms of customers when we started reporting on this, that number now down to less than three and a half million in terms of duke specifics, 1.4

. >>> welcome back we've got a news alert on saudi arabia jackie deangelis at the details. >> reporter: good afternoon to you. the king of saudi arabia issued a decree allowing women to drive apparently this will go into effect in about ten months' time it seems to be part of a little bit more of a modern vision for the kingdom. remember, deputy crown prince issuing that 2030 vision, setting the stage for a longer-term process of transformation, but certainly within the region and saudi arabia allowing women to take to the streets and drive cars definitely sets the tone for that giving them a little bit more freedom within the kingdom. back over to you >> a huge deal, obviously. it's part of -- they're remaking -- the vision 20 -- >> reporter: 2030. >> 2030. thank you. there were concerns they were back tracking on that over the last couple weeks when they said they were worried about the oil money and people being able to keep government jobs these social measures are a key part of remaking their economy, right? >> reporter: absolutely. it's part of how they're presenting themselves t

jackie deangelis joins us with the details.morning. >> good morning to you, andrew the survey covered a range of topics, but the answers on trump's performance could possibly be a predictor on the market's next move the cfos gave him some credit for the record runs we've seen in the market, about 60% a little more than 40% gave him the same rating on job creation. looking forward, they thought deregulation would have the most positive impact over the next year while withdrawal from the t.p.p. would be negative how confident are they that tax reform will be here by the end of the year? less dropped steadily on obamacare, building the wall, personal and corporate tax reform as well as repatriation they thought the dow would cost 23 k before it drops below 21,000 so market optimism still there on rate hikes, the majority think the fed is done for the year, but more than 34% still think it's possible that we'll get one more rate hike. >>> overall while there's skepticism on how quickly the administration can work to improve the eco

let's get an update on the efforts to get production back online jackie deangelis joins us now with morefferent picture from last week. >> good morning, melissa i actually thought more would be up and running today it's taking a little longer than expected obviously havoc caused by harvey on a human level but also on the energy front and things just starting to get back on track. here's where we stand right now. a little more than 2 million barrels a day of texas refining capacity is still offline. the major refineries working on getting these operations back up, fire damage still a big issue. meantime the downed portion of the colonial pipeline getting shipments back up from houston today. the government responding to all of this by loaning a little more than 5 million barrels from the ftr. you still have crude prices under $50 a barrel the explanation is you can't refine as much product, you don't need as much crude oil, so supplies will build. and on wednesday's inventory report that comes from the department of energy, we'll likely see that in the number. finally, retail gas prices h