i'm jackie deangelis. >>> still ahead, from prisoner to programmer. a man who lived behind bars for years is now making a living doing something few ever . >>> facebook will soon let users find out if they liked or followed pages created by russian operatives. the decis p social media company's effort to be more transparent about russian activity on its site. the tool will be available by the end of the year. and it will track activity from the beginning 2015 through august of this year. >>> as we all know, amazon has become more than just an online retailer. it's also a major player in the cloud, which is basically a network of servers that store data. it's pretty much the hottest thing in tech right now. amazon's cloud unit is close to making a deal with medical data company cerner which would give amazon a foothold in the lucrative health care market. that report sent shares of cerner and amazon higher. cnbc.com's chrissie farr broke the story and joins us from san francisco. chrissie, how big a deal is this cerner deal for them? >> reporter: bil m

i'm jackie deangelis. get all your business news on cnbc. >>> 26.2 miles.att delucia is not running the race but he's giving us a live view of it. fill us in. they are having a good time and all of them have made their way. we'll hear from the runners and another live look after the break. >>> i couldn't run that much either, matt. take a look now at your first alert radar and satellite. the winds are really kicking up out there. that means they will be facing a headwind. the leaders of the philadelphia marathon as making their way through town. we'll talk more about those leaders and the marathon's weather coming up. you've worked hard. busted tail. and impressed the boss. maybe it's time to be your own? transform your career with strayer university's mba program today. let's get it. >>> wicked wind. wind gusts are kicking up across the area and we have issued a first alert because of the windy conditions. >> and they're off. thousands of runners are hitting the streets. along chestnut street for the city's annual marathon. we are live at the starting line

i'm jackie deangelis. get all your news on cnbc. >>> following some breaking news. a gunman walks up to a group of teens, opens fire. nbc 10's randy gyllenhaal is following the investigation which has one teenager dead, another boy sent to the hospital. randy? >> reporter: a 16-year-old killed. a 12-year-old injured. the ages make it even more disturbing. up next, the search for the killer this morning. >>> well, the rain that moved through overnight is already moving offshore, but that chance of rain not gone from the forecast yet. a few spot showers today. even better chances tomorrow. a bit of a dreary sunday. we'll talk about it. here is a live view along the italian market. christie: this is governor christie. new jersey is facing an epidemic fueled by addictive opioid painkillers. codeine... oxycodone... fentanyl... morphine. these are just some of the medications prescribed for pain relief. these pills can be highly addictive, and the addiction doesn't end when the prescription runs out. many times, people turn to a deadlier option - heroin. addiction is a di

fo "nightly business report," i'm jackie deangelis. >>> still ahead, little-known provisions in the proposed tax bills that could p. >>> uber is planning to sxarchd its driverless fleet with thousands of cars from volvo. this new order marks the first commercial purpose for the ride-hailing company. the fleet is small, compared with the uber's 12 million drivers overall, but it does reflect its vision of an autonomous vision. >>> the white house is tightening scrutiny of skilled worker visas. according to the "wall street journal," the administration is making it harder for bigging to hire foreign workers, citing numbers from the agency which administration the program, one in four applications between january and august has been sent back for requests for further evidence. the president has said that legal immigration creates unneeded competition for americans. >>> the president has also expressed concern about u.s. jobs being outsourced to india, but now an in company is moving jobs to the u.s. michelle caruso-cabra repor tube from auburn hills, mich. >> 3, 2, 1, cut. >> today the official

jackie deangelis explains. >> as crude oil nears $60 a barrel, every move opec makes is being carefully. 9 powerful group of producer reported that it fell slightly by $150 a barrel a day. well, the drop wasn't dramatic. it did show that production is headed in the right direction, and that compliance with the group's promised production cuts is high. even more telling, where production dropped. iraq and iran, countries that ramped up output in the past, reduced it a bit last month. saudi arabia and libya still showing increases. while the market has focused on these supply points, it's also paying careful attention to demand forecasts. this report increased expectations slightly for next year to almost $100 million a bare per date. >> we're all going to be focused on opecember meeting november 30th. that has been the driver. they've seen the effectiveness of their production cuts, but right now it seems like they want to extend those production cuts, be very liar and s that there's going to be a -- and that effectively taxi $2 million barrels a day. that's drilling in on the supply eco

let's get to jackie deangelis. >> while the energy stocks are moving higher crude, closing just underal reasons for that move even though the inventory report wasn't as bullish as expected. first, you have a keystone pipeline reduction of 85% through the end of the month because of the leak last week. second, opec next week, that can move prices a lot. the market anticipates this ahead of these meetings, some people will take a long weekend and we'll see ahead of that as well and session high is $58.09. we could see that 06 definitely in the cards before the year end despite the fact and i just highlight this that fundamentals don't necessarily match up with how far the price has come, guys >> jackie, thank you very much jackie deangelis >> brick and mortar is using every trick they've got to keep up with amazon and one strategy is to use their store as a distribution center. who is doing it right in our courtney regan is here with a special cnbc pickup challenge to see how it works >> this is really fun. cnbc and our affiliate partners in chicago, dallas and san diego tested out the

jackie deangelis will tell us at the commodity desk >> that's right, crude prices are over $57 a barrelrs of change of leadership in saudi arabia. the saudis are planning to cut exports to all regions in november that's supportive to the market. a little context here, the 15% move that we have seen in the last month primarily been driven on geo political issues. it is important to note that u.s. production though finally cuts its 20th record yesterday there is still some competing within the market here >> thank you, jackie deangelis >>> lets get down to see seema moody. >> thank you very much so much marc, what's going on here with the trip adviser price line. >> good to be here >> obviously, there is broader issues in the stock market that we are seeing with the stock we few the future optimistically going forward, our priorities are incredibly clear we'll become locally relevant. we can really push out of boundaries much further than we have been and much more center and executed with speed and the mark is massive so the opportunity is clear for us. there seems to be this fear in wal

. >> thank you, jackie deangelis >>> tesla unveils a design of its semitruck.almart is signing up to buy them can this drive the stock higher? "power lunch" is come right back the classes, the friends, the independence. and since we planned for it, that student debt is the one experience, i'm glad she'll miss when you have the right financial advisor, life can be brilliant. ameriprise every day, on every street, in every town, across america. small businesses show their love to you. with some friendly advice, a genuine smile and a warm welcome they make your town... well, your town. that's why american express is proud to be the founding partner of small business saturday. a day where you get to return that love, because shopping small makes a big difference. so, on november 25th get up, get out, and shop small. >>> elon musk promised to blow our minds with his big tesla announcement fill lebeau is joining me from redondo beach, california. kids th did this announcement blow your mind >> reporter: i don't know if it blew my mind, but the tesla semi, they believ

. >>> a new survey from cnbc's global cfo council jackie deangelis has more on that >> more than threerters surveyed said they thought the economy was improving and that the more positive picture will impact the stock market. nearly half said the dow will cross 24,000 before it drops under 22,000 asia seems to be the plamraplach the most opportunity for growth. tech is the favorite industry group, makes since gi s sense g performance in the u.s., up 40% year to date in the fed, more than 80% think they will see one more hike this year, and 70% think two hikes next year. so the implication that rates are going up, but gradually. on tax reform, the majority answered they think the proposed plan will create jobs, stimulate growth, but they don't expect their fiscal 2018 tax rate to be lower than it was for the current year they do have some plans to repatriate cash and they'll use that money to buy back stock we asked them about bitcoin. 30% said it's a fraud. the same amount said it's real but it's in a bubble >> 27.9, exactly matched >> exactly >> that's a good tradeoff there. thank you

i'm jackie deangelis copper seeing a bounce today rising on some weakness on import data out of china jeff kilberg, copper has seen a big one, up 25% in the last month alone. do you see continued strength there? >> i do see continued strength 13 months ago we were trading close to $2 in copper and now a year later we're above 3 substantially, and i think it's because copper continues to smile. we've seen global growth, synchronized global growth come to grip, but we're really focused as copper traders and understanding the space. president trump on his two-day trip to asia, china being the biggest consumer of copper, really focused on what's going on but right now dr. copper is continuing to smile. >> it's trading above its 50-day moving level so what do we need to watch here in. >> the prognosis is got. traded in the 3.60 area, that was the 50-day and we rejected that and there's a couple of data points as jeff mentioned this morning that came out of china. one was the import number. the import numbers in china were up better than expected which will boost the domestic demand for met

jackie deangelis is watching that back at hq. >> in a 3-2 decision, nebraska regulators voted to clear the project. this was a controversial decision, because nebraska was the last state that needed to approve construction after president trump gave the project the federal green light back in march. it wasn't clear what was going to happen here the legislature and the labor groups were pushing in the affirmative. the environmental groups, of course, were against it. adding to all this, 210,000-gallon spill from part of the pipeline in south dakota last week, creating a little bit of a gray area a lot of people didn't know which way nebraska was going to go, but clearly they do want the pipeline to proceed. >> yeah, we see the reaction in transcanada shares up 2% jackie, thank you. >> sure. >>> it may be the transportation technology of the future, but denver is hoping to make hyperloop tech a reality on its city streets by 2021 with the help of a company called arrivo. joining us now, cofounder and ceo, also cofounder and former cto of hyperloop 1 welcome, brogan, back to the program.

. >>> welcome back i'm jackie deangelis we're watching crude oil today on track for its worst day in over a month down around 2% jeff kilberg, is this all about profit-taking after five straight weeks of gains or something else weighing on crude here >> jackley, certainly a big deal of the profit-taking, but we are off the lows let's remember chinese data weaker demand overnight. supply and demand, demand, international energy agency is lowering the forecast, so the supply/demand we always talk about in crude oil, focused on demand opec meeting november 30th if we seeproduction cuts get extended true 2018 i believe the trajectory for crude oil will continue higher up to $60. >> we're hold begun 50 that's key are you looking at 60 as a target, too? >> well, i actually looking to get back to 58 if you look at the chart since june crude oil has behaved really well it's actually rallied nicely inside a trading channel right now the top of the channel would be back to $58 i think that's the important level, even though we're getting hit pretty hard today. >> thanks, guys. we're joined by

i'm jackie deangelis we're watching copper today, down 2% on pace for its worst day in two weeks the metal is still up 23% year to date is this a pause or maybe something more >> copper has definitely struggled compared to the ref of the metals it's gone sideways for the last couple of months, let's call it. so when you take a look at, that copper is more driven on global growth demand, and we're starting to see estimates lower a little bit 3% gdp growth globally next year and some of the estimates that i'm hearing may slow back down to 3.6% in 2019 so if we start to see a little bit of struggle here, especially look at the chinese market that struggled tremendously over the last couple of weeks here so china a big player in the demand supply chain side of copper. it's, you know, having an effect on this, and that's why you're seeing it struggle versus some other metals when you look at copper or silver starting to take off and move to the upside so you have to be a little concerned there that this is maybe a little pause there may be to the downside for copper sglr . >> on a technic

. >>> welcome back to the halftime report i'm jackie deangelis we are watching crude oil prices rallyingits highest levels since july of 2015 wti pairing some of the earlier gains trading below $58 a barrel jeff, what's your outlook ahead of next week's opec meeting? >> well you're right, high expectations, eight days away from the november 30th opec meeting. we are seeing high emotion in this tape. look at the price we've been in from 55 to 58. i think that's resonates that there's optimism we will see production cuts and more pounding of the microphone by opec and non-opec members after november 30th they will focus on the ramco ipo in 2018. >> gray is watching the levels we crossed over 58, tested that level today, is $60 in the cards by the year end? >> it could be jackie, but you know what it's been a perfect storm for oil. product supplies that need to be replenished, opec jawboning it up, weak dollar, but i'm not buying into this stuffed himself with rhetoric. i don't want to look like a turkey, sell high 58, put a stop above 60, our production in the u.s. has reached a record. i

. >> all right jump to jackie deangelis with "futures now" crew waiting, good afternoon. >>> crude oilative on the session as opec is convening that meeting in vienna wti on pace to close its third straight month of gains. jeff kilburg, outlook where crude goes from here >> reporter: jackie, the momentum still on upside historic production cuts historically, never compliance in the production cuts in other words, always cheated now i think opec and non-opec members realize that job owning doing the last 18 months has moved crude oil 50% higher right now a hot moment, momentum continues to go. keep the microphone going. production cuts are on all the way through 2018. >> all right and take the flip side of the coin say it's all baked into the price already and we still could go lower from here as u.s. production is on the rise. what say you >> exactly what i believe. you barely need me mere anymore. a month saying, 60 my target on the upside i have a decision to make when it hits 59.05 like it did. turning around quickly is that good enough? yes. buy the rumor, sell the news kind of thi

have you noticed gold is on the move today, hitting a three-week hi jackie deangelis and the futures crew have more. >> good afternoon, scott, that's exactly right. gold is on pace to snap a three-week losing streak is this the start of a bigger rally for the precious metal we're not quite back to 1,300 yet. >> look, jackie, when we're in this low interest rate environment, people are looking for anti-fiat type currencies. we've seen what bitcoin has done gold has fallen behind a little bit of the curve so i think it has a little catching up to do towards bitcoin and other alternative currencies the upside of this channel here up above 1,300 is the target that i'm looking at that we can get to in gold very quickly. >> gold is holding steady above its 200-day moving average so what are the levels to watch now? >> jackie, the next bit of resistance is 1,294 to 1,300 i would sell it actually up there, jackie. i dhn there's a whole lot of correlation between bitcoin and gold the gold move correlated with the move in the dollar from the 95 handle to the mid-94 hands so i expect the dollar

lets go to jackie deangelis. >> crude pricing about a half of a percent decline. being explained and continue of profit taking now, the news on keystone is a litt little more oil and gasoline can flow from canada and not necessarily needed at this particular moment the saudi king is ready to pass the torch to his son, the crown prince, that can have an impact, too. >> salman is in his 80s and believed to be ill he affected change in the kingdom. as the author of the saudi 2030 vision saudi arabia, business and politics, they go hand in hand dealings with some of the nations like the united states and israel and iran. he's also going to have to manage oil price fluctuations. consensus, key nbs will be supportive the saudis and the biggest opec producer remember, all eyes are going to be on this next week of the final opec meeting of the year any plans to extend the production cut likely to drag the price closer to 60. >> well, we'll get the perfect guest to follow on that. >> lets bring in rbc's, helena >> there is some talk out there, some of the reasons where the

. >>> lets get to jackie deangelis today. >> hey melissa >> it is very much a supply picture when ites to the crude story, opec cuts u.s. production and they all matter demands matter, too. add to that, iea, increasing slowly in the coming months. the concern is the first half of next year we could revert back to a surplus status. ahead of the november 30th, opec meeting, they're proceeding with cautions in this trade, guys >> thank you very much >>> shares of buffalo wild wings soaring today after they received a buy off offer from a private equity why equities are so interested in restaurants >> so consumer oriented companies have been a staple in private equity firms retailers have been a thorn in the row. a lot of sponsors are avoiding that space all together. for exposure to consumers, they see opportunities in restaurants according to sources in the pe world. restaurants are not as impacted by e-commerce disruption and has not been harmful to return in 18 years. 18 restaurants have been bought out on pace to beat or match 2016 levels. buffalo wild swings stock plummeted the com

reins to his son and could come this week let's find out what that means for the price of oil jackie deangelisgood morning to you, david. these rumors have been around for a while. the king salman is in his 80s, but no one knows when the torch is going to be pass. there is speculation it is going to be soon the king's son has had influence for years, even begun implementing reforms in saudi arabia and shaping future policy at 32 years old, he's been seen as the driving force behind a more modern saudi arabia and his influence would become absolute power if he gets the official title. the saudis are at a cross roads. as king, mds will be dealing with foreign nations like the united states, israel, iran. he's already made moves to align with president trump and seems the saudis could even partner with israel against the iranians, but for the saudis, foreign policy and business go hand in hand oil price fluctuations and the aramco ipo are both on the radar. consensus would the king mds will be bullish on the oil prices they have a tremendous amount of influence, all eyes, of course, on vienna nex

including fedex, aetna, hilton, bb&t and deer and raytheon a big move is kroger >> lets go to jackie deangelise market got the production extension that it had been looking for opec says the cuts is going to be in effect until the end they said to be on board and sources told us there is commitment issue it is not until june that'll be a chance to reevaluate the session lows today. >>> thank you very much. lets bring in bob foam, digging into what this means, this sort of what you thought, right >> exactly what we were thinking and we have been talking about it quite a while expecting to cut an agreement in 2018 we'll now have a stable oil prices environment and prices will remain ranged between $55 here or $60 in the u.s. and that's a great environment >> what will it mean for those stocks and which stocks of our best position to benefit, one that you have a variety of your portfolio. >> yeah, so what's happening in the energy market this year is they can become disconnected from oil price we have positive oil price performance. e th we think the extension of this agreement will be the cataly

jackie deangelis at the commodities desk >> snapchat is making changes to its app interface.iegel announcing a change in its feed. they'll be separating friends from brands on different sides of the screen. spiegel also speaking out in an axios op-ed, blasting social media, accusing it of fueling fake news. saying content designed to be shared by friends is not necessarily designed to deliver accurate information he also saying the personalized news feed came at a huge cost to facts, saying this is a challenging problem to solve because the obvious benefits that have driven the growth of social media, more friends, more likes, more free content, are also the things that will undermine it in the long run i think he makes some pretty interesting and valid points our expectation for free everything is really how social media grew up and created its business model look where we are. >> although so much of the conversation around snap has been did they go to market too early? clumsiness in dealing with the street here they are, retooling a big part of their ad budget, nine months

. >>> lets go to jackie deangelis. >> good afternoon to you the stock can be down because crude havewn for straight sessions. even though it fellen on it they all seem to be wearing off a little bit the question being raised, why would opec extending the cut on november 30th. when a, it would not have russia part of negotiations they have until march of 2018 to see how supply and demand are balancing. you can understand why the commodity is taking apause. >> back to you >> thank you, jackie the house just passed the tax reform bill. it will slash federal taxes by $1.5 trillion over the next decades. not all republicans happy with us joining us is dan donovan of new york who voted no. it is good to have you here, si sir. >> it is good to be with you new york state taxes are high, i am assuming that it is the elimination of the ability to deduct state and local taxes is the reason you are unhappy with the villain that you voted no. is that correct. >> this is unfair to new yorkers. i am in favor of reforming our tax code it is burden some and complex and unfair the one that i think thi

. >> thank you >>> weekly recounts just out jackie deangelis is at the commodity desk >> baker hughes reporting that oil rigs declined this week, down to 729. drillers cutting rigs for the fourth week in five. this is also the biggest weekly drop since may of 2016 putting this in context, the overall recount is still higher by 279 than it was this time last year. but with oil trading at 55, this could be moving the other way, and it's not, guys >> all right jackie, thank you very much. >>> well f you live in a blue state but vote republican, the tax bill probably ticks you off. your party likely going to raise your taxes, if not your cost of living coming up, we're going to speak with a republican congresswoman from new york state. yes, they exist. and ask her whether she can support it plus, squad goals for the president's big trip to asia last year, he said he was going to dig a hole to china. at&t is working with farmers to improve irrigation techniques. remote moisture sensors use a reliable network to tell them when and where to water. so that farmers like ray can compete in big

>> wow meantime, the oil market closing for the day and let's find out how oil has done with jackie deangelis>> we were in positive ter fore for most of the session. the session high was $55.22, just shy of its high so far this year this morning's inventory report pretty bullish a more than 2 million barrel draw in crude and more than 4 million barrel draw in gasoline. it is back to the pre-hurricane levels and less than 50,000 barrels a day from its peak and that's bearish some say there are reasons to go higher from here and new figures show almost complete compliance and the eia showing goas demand and these levels are the ones to sell back to you. >> thank you very much, jackie >>> facebook has seen exponential growth if the past few years both in active users and market value the stock is up 757% over the past five years. can it continue that breakneck rate of growth julia boorstin here with the numbers. julia? >> hey, tyler. with facebook shares hitting another all-time high today, investors and analysts certainly seem confident in the company's growth potential over 90% of facebook ana

that's the news update this hour over to jackie deangelis for the eia inventory report >> thanks so muchde prices a little lower after this eia inventory report we got a build in crude oil, which wasn't expected. 2.2 million barrels and a draw in gasoline of about 3.3 million. those two balancing each other out. it's a mixed report, but what i found interesting inside the report, the u.s. production number 9.62 million barrels a day that's the highest that we have seen since the most recent peak, june 5th of 2015 traders are going to be focused on that. what that means is as crude prices have been elevated, you have the u.s. drillers they are drilling more, and they are breaking through some of those records. remember, the trade isn't necessarily being impacted by this report today. this trade has come a long way really quickly up 5% in a week, up 15% in the last month alone and a lot of that has to do with what's going on overseas and in saudi arabia as well a lot of this support is baked into the price, but right now, trading at $56.64. back over to you guys. >> okay, thank you, jackie

i'm jackie deangelis stocks are higher with the s&p and nasdaq both notching intraday records energyof the day the sector up more than a half percent. the sector boosted by crude oil prices hitting two-year highs following that spill last week shares of he is, kinder morgan among the leaders. that does it for this hour of "squawk on the street. now back downtown for the start of "squawk alley." >> jackie, thanks. good morning, it is 8:00 a.m. where the doors are just opening at the best buy in san francisco. it's 11:00 a.m. on wall street, and "squawk alley" is live ♪ ♪ >>> adob

cnbc's global cfo council releasing the results of a new survey jackie deangelis has the details.ng to do with what we're talking about. >> nothing to do with the behind-the-scenes conversation >> the cfo thing >> making a big turn here. more than three quarters of cfos surveyed say they think the u.s. economy is improving they seem confident that more positive picture will have an impact on the stock market as well nearly half said the dow will cross 24,000 before it drops under 22,000 asia seems to be the place with the most opportunity for growth. doct tech is the favorite industry group, makes sense given the performance in the u.s., up 40% year to date on the fed, more than 80% surveyed see one more rate hike this year. more than 70% think two hikes next year. the implication there is that rates are definitely going up, but gradually. so that won't have a chilling effect on the stock market on tax reform, the majority answered they think the proposed plan will create jobs, stimulate growth, but they don't expect their fiscal 2018 tax rate to be lower than it was for the curre