jackie deangelis is on the coast in carolina beach, north carolina jackie >> good morning.hat a difference a few days makes here at the beach. carolina beach right now being pelted with rain, winds at around 90 miles per hour remember, the eyewall of this storm is still 30 miles off the coast of wilmington. these are still considered outer bands. it's not even the heart of the storm just yet i saw some folks moving and walking to the beach grabbing sandbags earlier thinking to myself if you don't have your sandbags by now or you're just realizing how serious this storm is, it is probably on the late side to be making those kinds of preparations right now here on carolina beach i see lights on. we have power. so that's a positive sign, but there's still a lot of people in north carolina that are starting to lose their power. the latest number is almost 300,000. as you know, in these situations when power goes out it makes conditions even more threatening and dangerous. >> jackie, we understand north of you not everybody heeded the warnings to evacuate that there are more tha

let's get back again with jackie deangelis in carolina beach, north carolina >>> good morning to you.ere are taking the warnings seriously. i can tell you there is an element of fear in the air here. but also in terms of precaution. people are doing what they need to do. you can see this caldwell banker is boarded up. this is not the only structure bored up yesterday pretty much all down this main drag in carolina beach you see the same thing a lot of heavy traffic flow on the way out of the beach and coastal areas. that's because the local authorities, state authority thinks, they have said the coastal areas are the most dangerous. we've been described as in the bullseye target zone of this storm where the eye will make landfall and hit the concern is for very, very strong wind, 140 miles per hour and very strong storm surge. we're told it's possible to see waves in this area of 13 to 20 feet so you would see tremendous flooding it could be catastrophic if that is the end scenario. today on the ground here, wednesday morning, they're saying the storm is not coming necessarily until f

jackie deangelis is live in north carolina with more on the preparations and how the storm is starting to turn just a bit >> good morning to you that is good news that the wind is going to be less from the storm. as you said that doesn't mean there will be less damage here as a matter of fact in carolina beach, a mandatory evacuation there and here at kure beach the curfew was at 9:00 a.m it feels like a ghost town here. businesses are boarded up. a lot of the residents have gone, though there are still some pockets of people when you are out and about. we have spoken to some people who decided they will hunker down for this even though that has not been advised by the authorities. the wind is kicking up a bit here today we are expecting the rain to start to move in, the outer bands from the storm, you will start to see that, that will strengthen as we move in towards thursday night a huge impact when it comes to life on the ground that's what everybody is the most concerned about but then, of course, the flooding, the wind, the rain accumulation, it could impact the structures here as

jackie deangelis with the cfo survey, we'll see you on "squawk box" as well welcome back >> thank you to watch today as yesterday everybody out there is watching tilray a canadian cannabis company. tilray jumped as much as -- it almost doubled yesterday it had a brief market value of $28 billion. then later in the day it turned around shares plunged and briefly went negative up 94% to negative in one day. then it spiked again in the final minutes of the close it ended up 38%. tilray's wild ride dominating headlines all day. here's a quick look at the cannabis craze that swept cnbc >> shares of tilray up 50% >> talking cannabis this morning. tilray continues to soar ahead of full legalization of marijuana in canada. >> tilray have built that thing the right way. you look at the market enthusiasm right now the problem is there's not enough supply. >> the pot stock is soaring. tilray up 1,186% >> shares of tilray have halted for volatility to the down side. it was up by 94% before dropping sharply. >> tilray in our opinion is a weaker stock >> shares of tilray briefly reopened moments ag

. >> now to jackie deangelis in carolina beach, north carolina jackie >> reporter: guys, it's about 3/2 hours after the eye of the storm came through here and the front band before the eye is supposed to be more fierce than the back end t. appears during this storm it's the other way around the winds are gusting in a fierce way the rain is coming down super hard the ocean behind me, you can see the waves and how strong they are. the water is coming up to the dune line. the ocean has swallowed up the beach. governor roy coop eaer of north carolina says there isn't anyone not affected by this storm as a matter of fact, more than half a million people in this state alone without power now. about 200,000 are in the shelters so this is pretty much taking a sweeping impact across the state. obviously the coastal areas will be worse the concern here was for flooding we hadn't seen any storm surge but we ran into some of the local officials who told us there are areas of flooding outside. but obviously we're not able to get to those areas to show them to you it is happening. you saw footage f

our jackie deangelis is on the ground in north carolina on the beach, in fact, with the very latest jackie >> reporter: good afternoon to you, scott the beach here in wilmington expected to be hit the hardest by this storm. there could be a little bit of a delay as to when this storm makes landfall but that doesn't mean it won't pack a very powerful punch, and it is these coastal areas that the authorities on a state and local level are very concerned about, not only very fierce winds but strong storm surges are predicted and also a very heavy collection of rain after the storm hovers a little bit. so right now residents are evacuating there have been states of emergency declared and emergency evacuations as well. the streets in this beach town are narrow and they're single lane streets so traffic is backing up, there are lines at the gas stations as people make their way more inland. and then you have folks who are roaming the beach right now, even laying out at this point, not taking it as seriously fema has said you have to look at these situations and put safety first lives matter more

we need you, jackie deangelis.hank you. >> sure. >>> that is not the only storm wreaking havoc a powerful typhoon killing ten people in western japan. the storm left thousands stranded and more than 1 million homes without power. it is the strongest typhoon to hit japan in a quarter century. >>> the big story to watch today, facebook and twitter on capitol hill they are set to testify before congress we'll head live to the nation's capital ahead. >>> and later, high stakes negotiations between america and canada picking back up we'll let you know what's at play as "worldwide exchange" returns after this and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the

let's get to jackie deangelis in north carolina good morning to you. >> reporter: this is it, this is the eye of the storm the hurricane made land fall about 7:17 it has come south to carolina beach and this is what the eye looks like look at the trees, no wind and rain coming down all is calm right now. as the eye moves through and this is a slow moving storm. you will get those wind speeds backup and rain is going to start to fall again. it is expected to continue for quite some time. we had wind gusts up to 90 miles per hour and the rainfall was very heavy you can see ton the ground and the flooding was beginning to start here first responders have been dispatched to a couple of communities where people chose not to leave or could not leave for various reasons. the president is commending fema for its efforts to help people under these ex trash btraordina conditions new bern, 150 people are still waiting for some help to get out. it is a coastal town that's seeing massive flooding. 250 people have been able to get to a safe place. that's positive when you are looking at a storm wit

let's switch to florence heavy rainfall resulted in heavy flooding our jackie deangelis is on the groundilmington, carolina hey jackie >> reporter: good morning to you. i want to focus on the consumer side of things the rain has stopped here and people are out and about in the streets. they want to see what's opened and what's getting back to normal and how they can fix their houses lowe's was opened yesterday selling supplies and the community here is flocking here but the lowe's employees themselves have structural damage from their home and they're coming to work to make sure they can help others getting back to normal this is a community effort and everybody is coming together here, we'll see this in days and weeks of rebuilding in wilmington there is a massive infrastructure problem in this town as well we have to think about it on many different tiers, think of the interstates that are closed down or the infrastructure or the power plants and the water and sewage and think as you come a tier lower in the community center like this getting it cleaned up so consumers can be out and d

let's get back to jackie deangelis in carolina beach. >> i want to start by paraphrasing a tweet froml weather service saying that it can be ecalm in the eye of a hurricane, but this is a dangerous category 4 storm and dren residents should heed all the warnings these waves are picking up a little bit as i mentioned before it's getting muggy, but you stand here and you ask yourself what kind of storm is coming? it could be a regular storm, or it could be the potential for this category 4. that is what everybody is worried about at this point. states of emergency have been declared for north carolina and south carolina the coastal towns, a lot of folks urged to evacuate. here in wilmington that will start at 7:00 a.m. this morning. this is well in advance of the storm that is not expected to hit until late thursday and get more serious brewing into friday but of course the authorities always will tell you it's better to be safer than sorry it's better to leave sooner rather than later. the problem is a lot of residents here don't know where they're going to go. several of the folks i s

. >>> i'm jackie deangelis in gulfport, mississippi, where we are monitoring former tropical storm gordon and its impact on the gulf coast and big oil >> i'm steve liesman a huge surge in the july trade deficit. i'll break down the numbers and what it means for the u.s. economy. >> i'm sarah eisner in theranos is set to officially dissolve the company "the closing bell" starts right now. ♪ long way down >>> a very good afternoon to you. welcome to "the closing bell." we'll get to all those stories in a moment. first a check in on markets, the dow down 81 points at the low, flat at the moment the high was up 59 it's been on both sides of the flat line. the nasdaq, however, has gone down sharply >> that's the 1% loser on the day. the biggest drop since back on august 15th as tech ceos appear on capitol hill, which is our top story. twitter ceo jack dorsey appearing right now before the house energy and commerce committee after testifying this morning before the senate intelligence committee cnbc's kacarl quintanilla >> reporter: not long for google but overall some level of understanding an

but we begin tonight with jackie deangelis in the path of the home in carolina beach, north carolina. reporter: the wind is picking up opinion and the observer. waves are making their way up to the dunes, all ahead of the arrival of hurricane florence. the powerful capturing 2 storm is expected to crashown on wilmington, north carolina tomorrow. with a storm surge of 10 to 15 feet as well as up to 40 inches of rain. floodsing is the number one safety concern as residents ribusinesses and autes make final preparations. so is l thes of pour. >> duke are duke energy started to sh the new bnsic pourp plan. storm surge in this area predicted at 13 feet. th also to 2 million of 4 million customers should brace for auto ajs lasting days or weeks. as experience in past storms, power outages that are long are disruptive and dangerous. >> dukerg e and our electric co-ops are estimating power losses in the millions.ie and famil need to have emergency supplies ready. >> while lives are the most valuable asset going into florence. property damage will be surveyed after. estimates suggest this stor

jackie deangelis is live with more >> good morning.ou can see behind me the sun is starting to come up here this sort of hot, muggy, humid phase of the storm has moved in to the beach here in north carolina people are making preparations, evacuations go into effect here this morning at 7:00 everybody told they must leave the concern, of course, with this storm is that it will be a category 4 hurricane when it makes landfall the winds will be strong between 130 and 150 miles per hour that there will be the potential for flooding and for storm sufrn surge, and once the storm does make contact on land, it will hover here adding to the pressure and adding a lot of rain residents are preparing to leave. some are hunkering down, stocking up on gas and supplies. but the president issuing a tweet this morning saying my people informed me this is one of the worst storms to hit the's coast in many years, also looks like a direct hit on north carolina, south carolina and virginia be prepared, be careful and be safe the president also authorizing

want to get over to jackie deangelis. she's been in north carolina now for the past several days.morning to you, joe as kalee mentions, the issue here in wilmington is the flooding flash floods like this popping up all over the place. the problem is you don't know exactly where they're going to be when one washes away or dries up, you find another one in the middle of the street that's because this area has gotten 24 inches of rain that surpassed the record for wilmington for the entire year that was this one storm. we are sitting on the cape fear river. this river expected to crest tomorrow morning, 62 feet. the concern is that these floods will just continue for the next couple of days and that possibly the dams could even break causing more damage. so what happens right now? well, the governor of north carolina saying no one's really coming in, no one's really coming out the danger is still too high over the next couple of days it is not raining now but it is still supposed to continue to rain some more there is one silver lining here. that was with the power story in this hurr

jackie deangelis is there in north carolina with the latest. >> reporter: good morning, guys.ll such a massive storm is coming here it's beautiful on the beach. some chairs are set up people are still milling around, even though they shouldn't be. the governors of north carolina and south carolina have declared a state of emergency and also evacuations have been issued for a lot of the coastal areas and the reason for that is because this storm is not just going to pack a very powerful punch with winds, but the ocean behind me, the waves, could come up as high into a storm surge of 10 to 20 feet. and so the concern is flooding and massive damage to the infrastructure in these parts of the two states what's interesting to note is that a lot of folks are taking this wait and see approach, even though they've been advised not to do that at this point the models are showing that this storm is going to be what some are calling a monster. the governor of north carolina has said we are directly here in wilmington in the bulls eye of the storm. some folks making preparations to hunker

back to you. >> thank you right now we want to get over to jackie deangelis in carolina beach, she's on the ground in north carolina this morning. >> good morning to you we are waiting for landfall here at carolina beach, very close to wilmington that was predicted to be the bullseye of the storm. that landfall is imminent now. the outer bands we've been experiencing are very, very rain those wind gusts are strong. when they pelt the rain around you can feel it. it feels like hail when it's hitting your body. looking done the beach right now, about a half hour ago we lost power in this area. so it's pretty much completely dark at this point the power outages will be a continued problem as we move along throughout the day and the storm becomes more severe. reports of almost 300,000 people in north carolina without power now. of course duke energy forecasting that 3 million customers could potentially see lights go out. and that that those outages could last days or weeks the storm surge threat is the biggest condition we're worried about on the beach right now you can see the rain acc

jackie deangelis on the ground in north carolina. florence is now over 600 miles wide in diameter that will continue through the day today and approach landfall overnight into tomorrow. the national hurricane center bringing florence to the carolina coast and making landfall as a category 2 storm overnight. there is the chance it could linger longer but once it moves on shore in into north carolina it will weaken into a tropical storm. that's good news in terms of wind but doesn't change the fact that this is going to be a life threatening flooding situation from the surge and rainfall so check out the storm surge through landfall nine to 13 feet, that's the bull's-eye through the strongest storm surge through wellington and north carolina that's where we have an incredibly high storm surge threat the closer you get to myrtle beach, the further south into charleston it won't be as high we are talking about a very serious flood thread through the next few days and this storm surge will coincide with high tide what we call storm tide a

let's get over to jackie deangelis at the cnbc commodity desk. >> oil prices green again today.around 72. we haven't seen these highs since july that's because july is the peak of the season. the support we're seeing now, continued iran sanctions uncertainty, notice that the spread between brent and wti widened. just about $10 it shows the premium being paid for brent crude. that's in tighter supply at the moment stock market strength today positive for oil demand as well, guys. >> jackie, thank you jackie deangelis >>> google turning 20 and celebrating with a signature doodle the tech theme behemoth went public two years later in 2004 since then the stock soared more than 2000% google has more than one billion users but these days google finds itself under pressure from all sides. regulators, politicians and their enemployees. what can investors expect? let's bring in the senior research analyst at raymond james. good to have you with us. >> some might look at the first 20 years of google now it's going to be harder in terms of regulation. is that the correct assessment and wha

contessa brewer in myrtle beach, south carolina and jackie deangelis is in carolina beach and that's egin. jackie. >> reporter: guys, we're about 7 hours after hurricane florence made landfall in north carolina. and you can see the things are gettingpretty ugly here. that's really the only way i can put it at this point the winds are probably at their peak in terms of what we witnessed and observed all day you can just tell by how far the trees are bending. on the water you can see the wave action on the ocean swallowing up the beach. high tide is in full effect. and the concern of course has been rain accumulation and flooding and those two are going to be the most impactful when it comes to hurricane florence. storm surge, rain accumulation, whatever it is, has penetrated the streets around our hotel we have observed it at least three or four feet and we are told not that far off it's steeper than that in terms of flooding so when the governor of north carolina said everybody is going to be impacted by this he was definitely right in that assessment and leading up to all of the prep

. >> all right thanks very much jackie deangelis please be safe at the cape fear junction what does nown with fema what steps do they take? how prepared are they to deal with what could be millions or hundreds of millions of flood insurance claims how will fema handle the impact of hurricane florence? let's bring in john copenhavefavor he's under the clinton administration john, just looking at the images that jackie deangelis showed us, is it safe to say that the worst is over or what else is going to happen now what are they going to have to deal with? >> it's not safe to say that the worst is over. there's going to continue to be areas where the water is going to rise perhaps even for a period of several days because the water flows down from the land into the rivers and the rivers gradually rise, flow into other rivers so it's going to take some time for this water to make its way out of the entire basin that it's been falling into it's going to take some time, and then once the water starts to recede, then damage assessments can take place and we can start assigning areas that have

jackie deangelis has the results from the cnbc global cfo counsel. , tyler fears of a trade war are certainly concerning global cfos 75% of those asked feel that trade is going to have some negative impact on their business that's up significantly from last year. and the results were tallied before this last round of back and forth between the u.s. and china. what we know right now, cfos are actually planning ahead for a full-blown trade war more than half say they've developed contingency plans as these tensions escalate. interesting, though. the u.s. was the only place where the cfos thought economic conditions are improving despite what they're worried about turning to their markets, the majority last quarter thought the markets would go higher first before lower now the results say people didn't know what was going to happen but still they see a total of three rate hikes this year and they also think that yields are going to be on the rise, over 3% by december 31st most cfos do not support the president's proposal for earnings reports every six mo

landfall, millions of residents up and down the east coast have been ordered to evacuate our own jackie deangelisa with more on how the residents are preparing for impact jack jackie >> reporter: hey, melissa, i just heard the reporter before me talking about the deadly storm surge. she said 12 feet i've heard estimations even higher than that while i was inside just before, one woman telling me she was going to ride out the storm. that she had an elderly parent staying with her, that she had multiple pets that couldn't travel in the same car together, that she's been through storms before and she's just going to stock up and sit through it. i asked her what would happen if her home was flooded or potentially washed away? she said, we'll cross that bridge when we get to it of course, the local and state authorities have been urging people to evacuate and many people have been following that order. at a presser, north carolina governor roy cooper, he had this to say to those folks, like this woman, who are planning to hunker down: >> the waves and the wind, this storm may bring is nothing like you

jackie deangelis and the "futures now" crew to break it down and what it means for us. >> reporter: good afternoon to you, scott, crude rallying to a two-month high today brian, let's start with you. what's next for oil when we're trading over 72 right now? >> you heard the information about russia as we get oil up closer to the 75 to 72 area, i don't think russia, i don't think the canadian producers will be able to help themselves to crank up production and crank this to another level. the iranian sanctions will have more of an effect than people believe. once weep get the higher price levels, pricing pressure to take it back down as some of the producers kick it into high gear we have information about china trying to cut a deal with venezuela on their oil output. i think people will come in, will invest and you'll start to see that and it will be tough for oil to get above $75 >> crude is above 75. >> crude is trading at its highest level since july where do you think it goes from here >> brian fits in with the technical picture, as well anyone who follows me closely knows today is a

for more let's bring in jackie deangelis and the "futures now" traders. >> reporter: gold is under pressuret under 1,200 as the u.s. dollar is gaining ground. trading 12% off its 2018 highs scott nations, how are you trading gold ahead of the rate hike >> i don't like gold in general. you talk about the dollar, i think it's just interest rates in general look at interest rates around the world. as interest rates go higher, the opportunity cost to hold gold also increases that's why we've seen it come back a bit the ten-year yield in the united states has increased just over 20%. in the uk it's up 29%. and in germany up over 18% so that's another reason to not be owning gold right now >> all right, jim, to you. you're highlighting gold's narrow range we've been watching what are the levels you're watching now >> the month long consolidation has been awfully tight to me that suggests when it moves out of it. the move could be relatively strong i think if it trades below 1190 on the down side it will be a fairly quick trip down to 1,150. if it bounces off these levels, it's a tight range right

. >>> cop certificate soaring today on track for its best day since early 2017 jackie deangelis and thestanding by >>> hey, scott that's right copper soaring to its highest level since july now trading more than 12% off its recent low. this as copper inventories in shanghai fall to the lowest levels you say that might mean that growth in china isn't as weak as some may think how are you trading copper here? >> it either means a supply disruption, and i don't see one yet and i keep a close eye on those things, or that stimulus that's been rumored may be taking effect, or the property isn't as weakened as we think. i'll buy it until i hear some other news >> jeff, what do you make of today's move >> well, jackie, it's interesting to see that the trade tensions have really eased and that perception of the trade tension easing has done a one-two punch from the dollar moving down to $93.50. that move of the dollar invigorated the bounce as long as we see the trade tensions okay, copper still has smooth sailing look out when the fed comes out, talks and the dollar may rise. >> all right, than

i'm jackie deangelis, this is futures now.ing crude oil falling slightly as the president tweeted about oil prices earlier. president trump saying, quote, the opec monopoly must get prices down now. this commentary comes ahead, of course, of the opec and allies meeting, including russia in algeria this weekend anthony, let's start with you. oil going lower from here? >> you know, jackie, i think it is i'll tell you, this is all about iran, this story right now let me tell you a quick story about iran they had a tanker that left port with 2 million barrels of oil. it turned off its gps. when it turned it on a few days later, that tanker was by india. i think you'll see iranians do this to circumvent any sanctions in the market. plus demand will start to drop as we get closer to the end of the year i'm a seller right now i think it's a little ahead of itself. >> jim, where do we go >> i don't disagree with anthony's thesis, but i've been amazed by how obedient crude prices have been technically every time it's gotten to 71.5 it

i get it now to the top stories hurricane florence, and jackie deangelis is live in kure beach, north carolina but first we go to cnbc headquarters for the storm's latest track >> hurricane florence has weakened to a category 2 storm, but this is still a high impact storm as it approaches the carolinas. right now radar showing us the far outer convective bands are working their way into the outer banks. the rain will continue to pick up heading through the day today. once it starts raining it will not stop for days. we're still talking about a slow moving storm heading into the weekend and the start of next week let's talk about the current track, category 2 with sustained winds at 110 miles per hour. it will approach the carolina coast today. by friday morning at 2:00 a.m., it's sitting off the coast of wilmington we expect landfall on friday now. after it makes landfall it sits there as a tropical storm. that's good news in terms of wind speed but it will continue to dump rain as we head through the weekend and the start of next week. we're talking about feet of rain 30 inches plus

jackie deangelis is live from gulfport, mississippi.ood morning >> the worst of the storm hit overnight. it hit harder about 50 miles east of here in alabama. we're in gulfport. conditions are dry but in mississippi last night the governor declared a state of emergency and imposed a kcurfew of 7:00 p.m. that was observed by residents and businesses here pretty much everything was shut down by 6:00 the lesson here, we learned something from the hurricanes we saw last year, harvey, irma, maria. it's better to be safe than sorry. when it comes to oil production in the gulf coast, the producers were safe, too oil prices did move in preparation for this almost 50% of the refineries in the united states are down here in the gulf coast. they were impacted last year about 9% of oil production was closed down because of preparation, evacuations overall people are saying we dodged a bullet with this one. >> that's good news. good to hear thank you very much. >>> american ryder cup captain jim furyk selected tiger woods, phil mickelson and bryson

jackie deangelis joins us from carolina beach, north carolina what can you tell us where are we we'reednesday and talking late thursday or friday morning i guess? >> was the latest forecast as of yesterday, landfall friday morning. the national hurricane center is now saying it would be as late as saturday. the warnings with the delay of the storm doesn't mean this storm won't pack a powerful punch. there will be major accumulations of rain, in some places 20 inches signs of preparation here in carolina beach have increased as we get closer to what people think will be the landfall here. i'm starting to wonder if enough action has been taken. look at this bike shop five sandbags in front of this building a lot of window here if you have wins at 140 miles per hour, a building like this will have a hard time keeping up with the pace of that storm with just five sandbags dichotomy, across the street we have a caldwell banker that's all boarded up that will help a little bit. this building is on stilts if there's major flooding or storm surge, that's the other concern. they'll be a bit mo

. >>> let's go over to jackie deangelis, the reporter who has done more than any other reporter in historye cnbc commodity desk. >> you are right on that one oil is higher today already on these elevated levels. year to date up 20%. the president wants lower oil price prices he wants opec to do something about it meantime, maybe some of this is a little overdone. the iranian president telling nbc news the u.s. is not capable of bringing the exports to zero. there is some truth to that. u.s. allies may respect the sanctions but that doesn't mean that other folks like the chinese won't, guys. back to you. >> i like that that's knowing your value. >> exactly. >>> oil briefly dipped lower after president trump attacked opec during his speech this morning at the united nations. here it is >> opec and opec nations are, as usual, ripping off the rest of the world, and i don't like it nobody should like it. we defend many of these nations for nothing, and then they take advantage of us by giving us high oil prices. not good. >> so with the president attacking opec, what does it mean for oil prices

and let's find out the details from jackie deangelis. >> hi.s in oil today to the upside breaking through some critical levels. 72 for wti, 81 for brent that's the november contract the conversations over the weekend in algeria did not produce consensus. the largest producers like the saudis and russians could raise production but it wouldn't sh easy since they just upped their numbers already. there are also different grades of crude, with the iranian crude poised to come off the market, people are buying that, iranians are buying other grades, and all of that interest has boosted prices. >>> from oil to grease wd-40 is celebrating its 665th year as a company. stock up 46% since january the company is aiming to grow net sales of its product line to 5$530 million by 2025 so how is a 65-year-old company thinking about innovating when it has to worry about offsetting tariffs, rising energy prices? let's bring in president and ceo of wd-40, gary ridge great to talk to you today >> great to be here. >> tell me about what is driving growth and what

. >> jackie deangelis, thank you, at the port of new orleans today with the threat of a another $200mports getting taxed. >> even if that doesn't happen given that point and exchange you had with jackie fascinating to see what the q3gdp does >>> dow still green, the rest red. though the nasdaq was down about a percent at it top of the hour, dow was up51 points. we've got a mystery stock for you, sharply dropping today. an earnings report why the company is blaming sears for the plunge >>> plus hotels on sexual harassment in the workplace, marriott's ceo will join us exclusively next on "the closing bell." >>> welcome back to "the closing bell." we've got 17 minutes left of trade. and we're well-off the lows of the session. the dow is now positive. it's up 45 points. the s&p is still lower, down 0.3% the nasdaq is down meaningfully low, but it was down over 1% a few hours ago. >>> the hotel industry announcing steps today to improve conditions for workers after a backlash in light of the me too movement. representatives from major hotel chains like marriott, hilton, windham gathering

>> we're watching crude but brent closed in on 82 as supply fears continue to hit the market jackie deangelisthat's right. while both wti and brent are up, you are rightly focussed on brent crude. international tension fears about sanctions on iran are jolting the price higher it's not as if the market didn't know november was coming, the deadline for iran sanctions. this has been supported for several months in anticipation but with time leading up to t t that, there is a thought that something would happen opec can't fill the barrels as high as the u.s. would like them to, the u.s. can't either. and we need the infrastructure to move that supply around so the market always gets tense before an eventlike this but there's the possibility that in reality the barrels don't come off quickly and those people that were not part of the iran deal will still take iranian oil. but this time of the year you expect to see seasonal declines so this is shocking and that's why we're seeing an opposite effect here, guys. >> higher geopolitical risks this season. jackie, thank you. now let's send it over to

. >>> i'm jackie deangelis in gulfport, mississippi, where we are monitoring former tropical storm gordonact on the gulf coast and big oil >> i'm steve liesman a huge surge in the july trade deficit. i'll break down the numbers and what it means for the u.s. economy. >> i'm sarah eisner in theranos is set to officially dissolve the company "the

southeast coast of the united states and causing an impact on energy price opinion let's get to jackie in deangelis out in carolina beach with the details. >> look at this gas station today, this morning they had a full amount of gas they are sold out now. this is more typical of what you are going to see in wilmington, north carolina, as people evacuate the state right now across the street there is gas but the lines have gotten much longer people are making the final preparations to get out of town. this is northern two days in advance of the storm that's because the governors of north and south carolina have declared a state of emergency and in the coastal areas there are emergency evacuations in effect or going into effect. the impact on the energy industry it's not about refineryis it's the pipelines they bring the gas up to the east coast if we get torrential downpours and the flooding expected from the storm surges with florence vukd potential delays in moving that gasoline around that could raise prices i want to give you the latest because the storm is growing in size this is according to