. >> reporter: to the cheers and applause of hundreds of volunteers here in midland texas and millions around the world, 18 month old jessica mcclure was lifted to the surface friday night. there were bandages on her head and perhaps a brace on her leg. but after more than 50 hours, 22 feet below ground, this baby looked great. >> she was quickly rushed to the hospital to be checked out. but for the past three days and nights, this little doll has surprised and impressed everyone. she has cried, hummed and sung her way into the hearts of the volunteers who have come from all around to help. >> she had no -- whatever she could twist her body some what. her hands were next to her head. both doubled up like this with the right foot next to the right side of her head. and she just, she didn't like the pulling. she told me no once. and she was griping at me, once we got close she just took out and she's out. >> reporter: it was also three days of emotional ups and downs as rescuers appeared to get close and then spent hours inching their way near her. all of that effort was paid off with ju

texas is starting to feel a strain. no place in the state to feel it as much as the city of midland. for the past years, it's been one of the fastest growing cities in the state with the average higher incomes in america. increased oil prices, improvements in drilling technology and the controversial practice of fracking have set off a wave of investment in the far west texas town over the past few years. in every direction here, there are new companies, new construction, building after building of oil rig operators, drillers, service companies and everything else that's attached to the base and oil surge. according to texas tech university, permian boom sustained more than 4,000 jobs and $100 billion in total economic output. we asked paul ken worthy if all of this is at risk. >> certainly not going to go away entirely but you can see from some of the equipment stacked in here, it's going to slow down. the extent of the slowdown remains to be seen. >> reporter: texas has seen this movie before. in the past two or three decades, there have been a number of oil cycles in the state and

. >> the former president takes inside his childhood home in midland, texas. it is an upclose and personal tour that you do not want to miss. up next, why president bush 433 says his parents are the perfect couple. >> in terms of politics, you never -- he never had to worry about whether or not she could handle the wife of a dip -- diplomat or the wife of a president. because mother -- she was all in all the time. huh, fifteen minutes could save you fifteen percent or more on car insurance. everybody knows that. well, did you know you that former pro football player ickey woods will celebrate almost anything? unh-uh. number 44... whoooo! forty-four, that's me! get some cold cuts... get some cold cuts... get some cold cuts! whooo! gimme some! geico. fifteen minutes could save you fifteen percent or more on car insurance. whoo! forty-four ladies, that's me! whoo...gonna get some cold cuts today! make the best entertainment part of your holidays. catch all the hottest handpicked titles on the winter watchlist, only with xfinity from comcast. >> you thought what w

. >> the former president takes inside his childhood home in midland, texas. it is an upclose and personal tour that you do not want to miss. up next, why president bush 433 says his parents are the perfect couple. >> in terms of politics, you never -- he never had to worry about whether or not she could handle the wife of a dip -- diplomat or the wife of a president. because mother -- she was all in all the time. ♪(the music builds to a climax.) more people are coming to audi than ever before. see why now is the best time. audi will cover your first month's payment on select models at the season of audi sales event. visit audioffers.com today. you think it smells fine, but your passengers smell this... eliminate odors you've gone noseblind to for up to 30 days with the febreze car vent clip. female passenger: wow. smells good in here. vo: so you and your passengers can breathe happy. [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it in your heart. [ basketball bouncing ] he

that is when you were speaking to a number of the people in midland, texas, these are people who have perhaps been through many boom and busts so it might be more realistic about it as opposed to the bakkan in north dakota where maybe they are a bit optimistic. >> no knock on anybody in the bakkan. they haven't lived three five, six, seven, eight cycles. you ask these people in midland and what do you think about oil prices at these levels and they say it stinks. most of them didn't use that word but we have been there before. things will get leaner and we will go on. but you wonder why these oil stocks are down as much? service. that can trickle through everything. real estate, housing, banks, you name it. >> absolutely. >>> let's get back to the stock market. there are only six trading days left in the year. so is it time to maybe dip in or get out? we will have your end of the year play book ahead. >>> crunch time for retail. who is going to win this holiday? you have to stick around to find out. "street signs" will be right back. (vo) watching. waiting. for that moment, where righ

this is what everybody in midland texas is afraid of.ly new thing brought on by all of the new technology that has been able to extract crude from shale. ityou go to shale company -- shale country, it is booming. most of these are big, petroleum companies like chevron. or they are independent drillers --t have raised monday raised money and are still spending it. -- drilling towers, drilling pads. water is so essential to fracking. drive these trucks that can make upwards to $150,000 per year. see the evidence of the $2 billion per month being spent on oil drilling. half the city seems to have been put up in the last five years. we are talking condominiums and townhouses. a new headquarters there. up until september somebody was planning this connecticut development company was planning to spend $350 million to build an office in texas. that was canceled in september. >> what about to now with oil prices crashing? remains persistently low -- persistently below $65. are higher than $65 per barrel. midland texas is looking again at what ha

other places they will feel the pain is midland, texas, tension a can that, oklahoma. spots in the country, pennsylvania made so much money off shale and fracking that is something to be aware of right? >> tremendous amount of investment to get domestic supply where it is now. if the prices remain low it will difficult -- melissa: that is beauty of oil prices. i went to emergency meeting of 147 bucks a barrel, they will never go down again. but here we are. >> why don't they? prices go down that is tax cut. what happened to peak oil? >> that's right. melissa: technology, that's what happened. >> when you take oil prices down that is a tax cut for everybody. that should improve the economy. economy grows oil prices go back up again. melissa: great point. so-called bullet train could go a few hundred miles per hour but one that goes as fast as a bullet? elon musk's hyperloop could become a reality as team of 100 engineers start work on nearly 800 mile-per-hour train. the best part they say a ride would only cost 30 bucks, incredible. who wants to get on first? i'm going

tonight i head to midland, texas. friday we do the show from an oil field there. which companies will be hurt the most? which companies are at risk digging through balance sheets, income statement. it has been a lot of fun. also fed prep. texas, i'm coming for you, baby. >> let's bring up a board of the u.s. dollar. let's get you up to date with the stats you need to know about. the u.s. dollar has been all over the shot. rebounding on expectations the fed would signal rate hikes on track. sitting at 88.28 on the board. as for gold mentioning precious metals going into the decision today we are currently at 11.98. >> right now the six best performing stocks of the s&p 500 nabors, noble, noble energy, trans ocean, chesapeake energy and then whirlpool. top seven stocks in the s&p 500 right now are all oil related names. >> remember last week we were asking a number of guests do you think it is time to go bargain hunting in the oil patch? if you bought an oil etf how much would you be in the money today? >> would have been good. fed ex second worst performer. they do

brian is back in the house from midland, texas.will be telling us what one oil company ceo is asking that is really shocking and potentially has huge implications for the whole industry. >>> the final christmas count down. it is on. we will take a look at holiday winners and losers. "power lunch" returns after this quick break. [ male announcer ] your love for trading never stops. so if you get a trade idea about, say, organic food stocks, schwab can help. with a trading specialist just a tap away. what's on your mind, lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move, wherever you are. and start working on your next big idea. ♪ and start working on your next big idea. dave, i'm sorry to interrupt... i gotta take a sick day tomorrow. dads don't take sick days, dads take nyquil. the nighttime, sniffling, sneezing, coughing, aching, fever, best sleep with a cold, medicine. dad,thank you mom for said this oftprotecting my future.you. than

the other hand by doing that and going after russia we are also going after north dakota and midland, texasa pain free trade. you run the risk of instability in certain countries. we may have to deal with that. what if you have problems in nig nigeria? it gets worse in this price environment. they have burned through. they are going into elections. do we want to be dealing with global instability in producing countries? >> how does it end and when? >> i don't think they can do this for years. i think it is a strategy for months. if we do not get a market production i think they pull barrels. >> there is an idea that the world is producing 90 million barrels per day. somebody grows or production falls enough and we are back into equilibrium. >> if libya falls off again we get back to equilibrium. >> your number on $10 on saudi arabia that is not a true number. that is their cost of physical extraction. let's not forget saudi arabia basically pays its people. if you live in saudi arabia you get paid. the social programs are very generous. i have heard $90 a barrel is actually -- >> you are ta

. >> it is not just men but i have half it done and i supported the local economy in midland, texas byurchasing three pairs of cowboy boots. >> what are you going to do with three pairs? >> they are for the family. i am going to go with him to the uggs store. >> baby cowboy boots. >> my daughter is 11 and her foot is about a 10. >> i'm talking about the baby. >> no baby booties or baby bumper buggies. >>> so you just heard the guy say he wants to go to the uggs store which is deckers. that got a little plug there. according to your research, not just the one guy, who looks good? >> who looks best is limited brands. we have been talking about this. the stock has had a huge run. they did better this year in terms of gifting, in terms of black friday, what they offered whether it is at bath and body works or victoria's secret. black friday was huge for them. they were a clear winner. i think they are going to continue to gain that wallet share here as we get to the final hours before christmas. >> what is it like? desperate husbands and boyfriends? >> why are y'all picking on men? husband

. >> you'll see a tv reporter in midland, texas.his is how she warms -- a voice exercise before she gets on the air. a little rap. ♪ ♪ >> some might recognize that. that's a song alphabet aerobics. it's funny and gets faster as it goes along. a lot of people impressed by her skills that know the song. >> she knows it well. >> why does it take men so long to propose. >> you really want me to answer that? >> no. that's rhetorical. >> it took one guy four years 12 years. >> he should write a book. >> 12 years dating a woman. four years to come up with a proposal because he wanted celebrities to ask for him. >> yeah, that was it. take a listen. >> to get you a nice ring. >> probably already got the ring. have a wonderful rest of the night. i'm sure there will be other videos from random people you've never met before. >> will you please just marry -- >> you like it? >> he surprised her with this at a friend's christmas party and can you believe she loved the imaginative proposal and said yes? it's not going to take four years to plan th

and life in the center of the permian basin in midland, texas.take it away. >> literally front page news here. what happens is new rigs are being what they called stacked. that is the term for idling a rig permanently or temporarily. so the growth does seem to be slowing a bit. obviously capital budgets are being cut for next year. and here are the companies that one analyst at wunderlich securities believes can weather the storm. which ones might be able to handle better than others? pioneer, concho, energien and diamond back for example. i will lay out the bull case. wii hear so much about the bear case. number one, you have a situation where there are more legacy fields here. they are older and operating costs are much lower than especially the bakken. chevron had been here a hundred yee years for example. number two may increase the margins of the oil companies. when they recover they are going to be smarter and leaner. the last thing, the j.r ewing effect. at the bakken a lot of this is new. here in the permian they have seen three or four c

i've been to all the places pumping gas, oklahoma, texarkana, midland, texas where they have the wells marginal well is not getting dug. those folks don't get paid. they are suffering. but overall better for the economy. bill: you make a good point about the energy states like texas you point out. who does it help out other than 90% of the rest of us? >> at least. prices on everything become lower because transportation costs embedded in stuff. we're not doing better at airlines. they are unfortunately hanging on to those hikes because they can afford to because the seats are full. everything else. milk becomes cheaper. bread becomes cheaper because of transportation costs. everybody spend less on gas but costs less for everything when gas prices come down. bill: looking over your shoulder, seeing a buck 99 for unleaded. when was last time we saw that? was it 2007, 2008? >> at least, yeah. it was right after we saw, we very briefly saw it after the crash, prices dropped but i got to warn you, this isn't around forever. i remember i went to an emergency summit in riyadh, saudi arabia, w

s it another midland, texas?l see companies that are in more stressed situations, looking to get through. >> you got the guy to get scale merger. somebody is get to get crushed here. >> but to tom's point, the istress does ripple off shore. the more difficult it is, they're, again, up in canada, they're changing plans by the day. if you're in the middle of a project, you are rethinking to determine whether you're going to get an adequate firm. if you're in the oil services industry, you're talking to your customers about kind of the economics of all the drilling they're doing. >> you're talking to your customers, keeping an eye on your competitors. what about regulators? what level of involvement would regulators have as oil prices continue to fall? >> well, regulatory environment in the energy industry is around the environment. i don't think the price of oil is going to change the environmental regulators look at fracking of horizontal drilling. >> but these are national security interests. we've seen this come

i want to ask you, especially governor huntsman, because i'm going to head out to midland, texas. e. for most of america this is a good news story. we go to the gas pump, things are cheap. there's a decidedly negative impact on texas, oklahoma, parts of utah where you've seen an oil and gas infrastructure built out which has helped the overall u.s. economic recovery. >> it's been huge. when you go out to midland, you're going to see that employment, unemployment is probably 2.5%. the average starting income is 82,000 bucks. i was just out there myself not long ago. what is exciting, tight oil is probably in a different category in terms of competitiveness. but gas and the export potential is huge. so we have to be using this to our strategic advantage. this could be a new foundation on which you build friends and support your allies. japan, korea, their needs. we're about to become the largest exporter in the world of lng. if you had told anybody that, we would have called you crazy. that's about to happen in places like midland and the -- >> strategically, what do we need to do? >

not greenwich, connecticut, it's right here in midland, texas. tarting $15 an hour. we had lunch with the mayor yesterday. 29 languages are now spoken in the midland school district. people are not just coming from america. they're coming from all over the world to take advantage of this oil boom. >> all right, brian. we have another guest coming up and he may have a few comments on this too. i feel bad for -- honestly. i think -- well, whatever. thank you. more on the dramatic slide, we're joined by john hofmeister. he's the former president of shell oil. i love that that cuomo can make that decision but said it had nothing to do with him. beautiful. >> the people in new york state will be suffering as a consequence because this is a sound business. it is a needed business. i don't know why the governor gets the heat for his mansion, but it probably comes from fossil fuel if he doesn't want to drill it in new york state, maybe we should turn off the gas to his mansion. >> i like that. did you have any idea that what we've been doing in this count

maybe the only state today lower 48 is going to be at or below average temperature-wise is texas, 51 degrees. midland out behind the storm system across parts of the midwest and in the heartland but east of the mississippi it will be wet from across the i-95 corridor with a high temperature in the northeast in the 50's maybe even 60's. that's a quick check of your national outlook. here's what's shaking locally. >> thanks rob. i'm meteorologist karen rogers with your accuweather update. still some steady rain right now. 63 degrees for your high. rainy and mild with areas of fog. it's going to rain on and off through the day into the night. tomorrow we're dry with gusty winds it. if you want a white christmas, head to hawaii. climb the volcanos. >> that's random. >>> and coming up, surprising shopping clues you could be missing. secrets to finding the prices at your favorite stores. >>> and from ugly doggy sweats with up photos. why people are all about their pets this christmas. hey rich, what's that in your hand? my at&t cell phone bill. verizon bill? ye-aaah. that's cool. noooo... how much are you

midland, 24 hours ago in el paso a little bit of snow well. interior sections of the u.s. from the dakotas all the way down to the panhandle of texase for this time of year. but a good swath of the united states are expect to see temperatures well below normal. here's the setup. area of low pressure with the frontal system connecting the great lakes all the way down towards texas, right along that boundary. that's where most of the wet weather is located. some thunderstorms, some trees down and here comes that little clipper system. little puts it mildly. batches of cold air will dive well to the south. there you see the snow lined up in oklahoma and missouri. also the u.p. of michigan picking up some snowfall. most of the snow we've seen has been between 3 and 6 inches while 3 to 5 inches of rain right along the gulf coast. marty, back to you. >> karen maginnis, thank you very much. >>> $100 in the hands of a homeless man. a secret camera recorded how he spent the money. >> reporter: when youtube star josh paler lin came up with the idea to give a homeless man a hundred dollars, it wasn't charity. he wanted to track how the homele