jackie deangelis >> reporter: gas prices are the gift that won't be giving to consumers this year. the national for a gallon of regular is $2.45 according to aaa, that's 23 cents higher than a year ago. while prices could drop a little over the next few weeks from 5 to 20 cents, aaa still thinks they'll be higher than the past few years. why are pump prices bucking the seasonal trend? crude prices are closer to 60. this time last year they were closer to 50. evidence of a little stronger demand. we also have two major hurricanes, making september prices the peak for the year when they should have been falling at that time. add to that continued growth in gasoline exports, and you have the perfect mix for elevated gas prices. >> when you see increased export numbers, i think it's indicative of a global recovery that we suspect has happened. i think that's supportive of gas prices. we've seen increased export numbers. we've seen pipeline problems. we've even seen the saudis try to jawbone the price of gas and oil up, and it hasn't really worked over the last few days. to me that mean

for "nightly business r" i'm jackie deangelis. >>> coming up, now that we have that new tax bill in time for christmas, all the special stocking stuffers in it are starting to be unwrapped. we'lta >>> for all the handwringing the housing market has peaknot, home prices are still rising. the index of national home prices rose in october by 6.2% year over year, double the pace of wage more th three times the current inflation rate. strong demand and a shrinking supply of homes on the market helped push those prices higher. the 20 metro areas covered by the index, seattle led the way with a nearly 13% gain followed by las vegas and san diego. the nation's capital showed the smallest gain at 3%. >>> the tax bill was signed and hung by the chimney with care and in it were some stocking stuffers. better known as special carve-outs for some businesses. ylan mui takes a look at some of them for us tonight. >> reporter: we've combed through the tax code, checked it twice. now we find out who's been naughty and nice. the beer indusg the cut with a provision that lowers excise taxes or two years. f

jackie deangelis, bay city, texas. >> a cool looking process, or maybe not. >>> coming up, what's behind the bill >>> for all of the red-hot bitcoin headlines recently, today there were some cooler ones. the sec temporarily suspended trading in shares of the crypto company until early january. the agency is concerned about the, quote, accuracy and add questi of the information avaie to investors. shares of the company have surged more than 2500% in just the past month. separately, a widely followed investor survey today called bitcoin, quote, the most crowded investment in the world, which is a measure of a sentiment about a popular investment that could lose those gains. >>> from bitcoin to bourbon. i'm getting ahead of myself, i'm so excited about this. it's becoming the drink of choice among many americans. companies are investing a lot of money in its growing popularity. landon dowdy got the right straw and is in frankfurt, ken >> it goes down so easy. >> reporter: u.s. whiskey has been on the rise for the past five years and shows no signs of slowing down. >> i switched several year

so jackie deangelis has that story for us. >> the tax bill isn't finished yet, but it looks like it will be mostly good news for the energy industry. first off, the drillers are going to see support. the bill keeps drilling cost deductions for corporations. that helps them recover investments. for big oil and gas will continue to be a t nuclear energy will see benefits, too. the $6 billion nuclear production tax credit would be extended, helping companies that are already building nuclear facilities. and the electric car provision? industry insiders think when all is said and done, it will stay. it's been a vital part of getting those businesses off the ground and will continue to draw the impact on clean energy, however, is a little uncertain. the house version of the bill would partially or completely roll back credits for wind and solar projects. the senate version doesn't do that, but it does add a separate new tax that would discourage multinationals from moving profits and jobs offshore. because of the way that many energy companies are set up, it's believed that could cancel out t

here's jackie deangelis with your energy playbook >>> commodity price fluctuations continue to surprise gold lost its luster, oil never rebalanced and gasoline prices remained high even with more supply coming online here's what to expect in 2018. gold prices stall. in 2017, gold lost its safe haven status as stocks rallied the precious metal traded more on fed related move and will continue do so next year with the expectation of rate hikes on the horizon expect gold to continue to stall in 2018 oil is range bound crude moved from $40s to $60 a barrel that push and pull will continue next year. shale producers will pump, opec will hold its cut, but those two opposing forces will jostle the market gasoline prices remain high. gasoline prices always rise faster than they fall. the average price for a gallon of regular gasoline won't fall below $2 >> let's talk more about the energy market in 2018, joining me now is helena croft, a cnbc contributor. good morning >> good morning. >> i don't flow whether know whk about the spike in natural gas or the oil in 2018 let's talk about the natural

our jackie deangelis is live at a new plant in bay city, texas, that's supplying pipelines for the boomingtry hey, jackie. >> hey, good morning to you, carl that's exactly right the two big themes that we're watching in the industry are trump administration policies that are supportive to the drillers and the pipeline makers the infrastructure projects. but also at the same time, we're watching oil prices. they have been ramping up a little bit over $50 a barrel, and drillers are drilling, tapping into that u.s. shale supply that we found just a few years ago. the constructor of this plant in bay city, texas, it thinks it's poised to take advantage of both look at the facility here behind me this is where they produce seamless steel pipes 1.25 million square feet and a nearly $2 billion investment the seamless technology makes the pipes stronger and safer they say all of this is going to serve the shale industry, part of it right here in texas. and that demand is certainly going to be strong enough. the project started in 2013, before the trump administration policies, to be fair it employ

jackie deangelis and the futures now crew is standing by for that story. jackie. >> good afternoon. hey, scott, exactly right. crude oil trading just above 57 bucks right now. what's weighing on crude today >> actually following quite a bit. shouldn't make too much of this. we've got some news and we would expect it. the up the last thre we're still in the middle of the recent channel the news was the eia predicts that the production will increase only 5% next year and the north sea pipeline will not take as long to repair as feared >> jim, what are the key levels to watch >> there's a long-term friend li trend line that resistance is at 60 there were reasons to buy from a fundamental standpoint it seems to be having a difficult time at these levels i've flipped a bit bearish i think 55 is my first objective on the down side >> joining us today, peter boockvar with a bold call on bitcoin. trade ideas for gold and the ten-year scott? >> jackie, thank you very much. >>> we'll step away. when we come back, final trades. see that's funny, i thought you traded

our jackie deangelis is in bay city, texas, at a new pipeline plant with how the policies from trump ergy industry and closer look at the pipes that support it. jackie >> reporter: good afternoon, to you, kelly that's exactly right you can see this facility behind me here. it's one and a quarter million square feet. it's the size of seven golden gate bridges what they're doing here is making seamless pipes for the oil and gas industry now, this is a project that started back in 2013 the idea was anchor here in bay city, texatexas, supply pipes f the expanding shale infrastructure that's going to come out of this region. this is a project that employed over 20,000 people during construction it's going to give about 600 people full-time jobs. it required a total investment of 600 people full-time jobs with a total investment of $2 billion why is the company doubling down on shale despite the reductions we've seen in oil prices, they believe the demand will be there and they want to capitalize on it. they told me that president trump's pro-energy, pro-infrastructure stance is an added in

i'm jackie deangelis we are watching copper rallying for a 12th session pacing for as long a daily winningtreak in as little as over a year what do you make of this >> all the harmarks of somebody accumulating a big position. now the best performing base metal. up 47% for the year. all over it on futures why? the demand story is obvious. the supply story is interesting as china is starting to screen supply as they shut down the worst polluting shelters that's what we're seeing. >> what levels are you watching? >> yeah, jackie. resistance at 320. above all major moving averages at this point. a little resistance at 320 not at 320 since scott mentioned demand factor. that continues with at&t and verizon wanting to upgrade networks that's copper. vehicle sales, 2% of new car sales in 2020, and you're looking at 400,000 more tons of copper for that. demand for copper looks like it's going straight up and scott mentioned the supply situation i think the price goes much higher from here. >> thanks. >>> on the live show joined by w ts stico scott wren to tell ushyhihioral market has legs all at t

jackie deangelis and the futures now crew standing by for more of an interesting story over the last couple of days. >> that's right, and good afternoon to you, scott. the yield on the ten-year treasury rising to its highest level since march. jeff kilberg, let's go to you. closing in just off the session highs. what are you making of this move >> broke out of the range and certainly this is based upon the confidence of this historic tax reform coming through. for a long time quantitative easing or monetary policy has been pumping up growth and expectation and now we have fiscal policy to help the expectation of growth and expectations for 2018. but if equities decide to pull become the first part of january, they will come and boy treasuries like they already have. >> what are the measures for buying the ten-year futures? >> we started this year at 2.45 and we're at 2.48 right now. i'm looking at the ten-year, 123.10, a little bit of support but 123.100 is a bigger number there's a little caution to see what the euphoric result of this tax plan will mean i think investors will be ve

jackie deangelis, joining us >> good afternoon brian, the news at the north resuming operations in earlyegative impact on prices as one would think. traders telling me that the move in the stock market and the excitement all impacting oil prices as well the notion allocating would boost the economy and demand it ships away from the supply dynamic to the demand side of the equation which is in focus less this year the range is 57% to 53%. >> thank you, deangelis. >>> now we are taking a look at which investment stand a gain. joining us now is ken wisenburg welcome to the show. >> thank you >> this had to do with dividends, most people like to pay out dividends. >> dividends used to be 39.6% which is the top bracket for individuals, it is now 20% deduction against dividend income so the effective rate with a drop to 37% as the top bracket is 29.6% >> so you are also saying that they should do their shareholders a favor by waiting, right? >> if they declare the dividend before december 31st and pay it january, the share hold everies g getting the benefit and it counts as a 2017 dividend ded

over to jackie deangelis for the oil closing today. >> thanks so much sue. >> crude is closing at $67.67igh, the range is $55.52 the weakness that we saw came from inventory report. we just keep on watching it getting higher that's one of the fears. nocetime, the opec's anunment, they could not get a wti. traders are telling me, expect to pay the range "power lunch" is back in two i used to have more hair. i used to have more color. and... i used to have cancer. i beat it. i did. not alone. i used to have no idea what the american cancer society did. research? yeah. but also free rides to chemo and free lodging near hospitals. i used to maybe give a little. then i got so much back. i used to have cancer. call 1-800-494-4357 today. your contributions to the american cancer society fund valuable research. but that's just the beginning. a cancer diagnosis can kick off years of challenge. and that's where your donation truly shines. you help us fund free rides to treatment. a live 24/7 help line, free lodging near treatment centers. and even efforts to expand access to insurance. so, please

. >> okay, just us >> thank you >> the oil market is closing for the day, lets go down to jackie deangeliss like nobody else >> you are christmas >> well, i am dressed like christmas today. i am dressed the way of crude line, a little on the flat line. the support coming from that optimism of demand as a result of many factors, mostly that anticipated economic stimulation from the tax bill. a dollar index at 93 in change and that's supportive. too. all of those factors oil is about 13% star. back to you. >> got it, jackie. >>> 2017, a banner year for sto stocks if you did get left behind out in the cold, straight ahead, we'll take you to the land of misfit stocks, tell you which one could get some love in 2018. stay with "power lunch." i think we should do that meeting tomorrow. well wait. what did you think about her? it's definitely a new idea, but there's no business track record. well, have you seen her work? no. is it good? good? at cognizant, we're helping today's leading banks make better lending decisions with new sources of data- so, multiply that by her followers, speaking engage

back to you guys >>> lets go to jackie deangelis, at our cnbc commodity. >> tension in the middle eastsome of the buying and crude is still on track for a loss of almost 2% for the week a session highs to $57.79 u.s. production is going up and setting new records. opec, they're supporting this price rise, shell is pumping and that can only last so long before the price scale tips the other way. we'll have to see which happens first, guys. >>> all right, jackie, thank you. >>> meantime if you are are counting there is just 16 shopping days left until christmas if are just beginning your holiday shopping we have got a list of your hottest toys for your kids fchlt y if you are a kid in the 1980s, you may see some familiar faces, "power lunch" back in two. ♪ let out your inner child at the lexus december to remember sales event. lease the 2017 is turbo for $299 a month for 36 months. experience amazing at your lexus dealer. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fi

. >>> the oil market is closing for the day, lets go to jackie deangelis at the cnbc commodity desk thisesterday's opec deal. sessions high $58.88 the move today to the higher end closer to 60 but not quite that far. the russians, of course, they are on board, though behind the scenes they may not be fully committed to this. the next meeting on record is next june when opec meets indiana again. they're up by 7% for the last month. back to you. >>> jackie, thank you very much. transport is up 12% and over 12% since it started the year. which stock is driving this sector forward here is morgan brennan, we brought her back from the road to do it hi morgan. >> here is what's led. rail stocks. kansas city and north southern, a growing global economy traffic this year and that has helped rail traffic and air freight and trucking and containers the losers this year, alaska airlines and united continental and jet blue heading to 2018, these are companies that pay high rates, economic growth, rising oil price and the holiday season of ups and fedex both expects record deliveries. the transports a

congress is getting ready to make a final push on passing tax reform before the end of the year jackie deangelisplan may mean for oil and gas companies. >> good morning to you well, it's not the primary focus of the bill, but there are several provisions as you mentioned embedded in the tax reform plan that will impact the energy industries. these are important for investors in the sector. the bill bolsters trump's effort to recover investment costs. big oil should continue to benefit from exploration, infrastructure build out and drilling the impact on clean energy is a little uncertain at this point the house version of the bill would partially or completely roll back credits for wind and solar projects the senate version doesn't necessarily do that, but it does add a new proposed tax that would discourage multinationals from moving jobs and profits offshore it's believed that could cancel out the renewables credits nuclear energy seems to be a benefit as well. the tax credit would be extended, helping companies that are already building nuclear companies. the s&p energy sector is down about 9

that's the news update this hour over to jackie deangelis for the eia inventory report >> good morningprices are off session highs but still supported after the department of energy reported a draw down in crude oil inventories of 6.5 million barrels. we had an increase in gasoline inventories of 1.2 that crude number is supportive here, and people still watching the north sea outage, the 40s pipeline that's also giving us a little cause for support here actually, we just turned negative 57.53 is where we stand at this hour on crude oil prices i will add, production in the u.s. went up slightly but a new record, 9.789 million barrels a day. back to you at "squawk on the street." >> all right, thanks, jackie >> when we come back, the tax reform countdown continues much more on what's expected out of washington, and fedex delivering a much better than expected profit. the company also addressing tax reform here's what their ceo had to say on the earnings call >> we're encouraged by the tax cuts and jobs act legislation advancing in congress at this very moment. this legislation offers pr

percent, although it's fallen more than 3% in 2017 and been one of the worst performers this year jackie deangelisat what to expect with they are 2018 playbook. >> 2017 was a volatile year for oil. with barrels from $40 to around $60, crude traded a broad range. fluctuations in price didn't just impact the futures market, they impacted stocks as well the s&p energy sector underperforming the broader market here's what to expect in 2018. crude trades a range oil prices move because of supply and demand. as a result of the u.s. shale boom, the market is still oversupplied >>> opec and russia have made an effort to correct the imbalance, but it may not be enough as long as crude bounces around, energy stocks will, too. u.s. shale will pump the name of the game is rebalance, but that's difficult to achieve when all the players aren't cooperating in 2017, u.s. shale producers pumped at record levels. it's likely that trend will continue in 2018, especially if opec supports the market opec cuts will be unsustainable. opec producers extended their production cut agreement through the end of 2018, but man