labor has been pretty sticky in west texas.en the rate count come down that much in west texas. so, wages have been quite sticky in west texas. what we are seeing in terms of inflation is it is flattening, and we are not seeing the increases we saw in 2022 and early 2023. we are seeing a few items decrease, mainly on the steel. anything fuel-related, we have seen some relief. chemicals, we have seen summer lee. we are hopeful and we have heard rumors of rigs in frack fleets. mainly tier two frack equipment and lesser quality drilling rigs we are seeing lower rates. we look at those rates given our size and scale, our rates are well below those spot rates today, so nothing yet on that front, but maybe as we move into 2024 we will see some relief there as well. alix: interesting. i would expected to come in a lot faster. before we let you go guys, made fun of scott really retiring. he retired once before and came back. you going to do in the beginning of next year? when is your book coming out? scott: my book, ok. [laughter] firs

push against what they deem is the wrong place for a solar panel from barry wire, san angelo in west texas around here. the sun is almost always shining. the town has space, a lot of space, large solar and wind energy projects makes sense here. solar present, some really, really important advantages. not only in terms of energy production, but in terms of the economy in its growth. 3 big solar projects brought an investment of $800000000.00 into the cap for springs or back to like pickens, you know, take it somewhere in san angelo. there's a whole bunch of flat, treeless homeless land up all over the panhandle. you can put a lot of solar despite the bleak reality of ongoing and increase of the fights and legal battles between preservationist landowners and the renewable energy industry . many here on the sense of over and regulations preparation and solutions for the future. all right, and is there a motive or top business story? we're following for you a time when a semi conductor giants, yes mc has given the green lights to a new factory in germany. berlin is expected to pay up to 500000

the west texas intermediate for october, holding on thin volumes.what can lead to those declines. the market, really struggling for direction. absorbed exports from iran have surged about 2.2 million barrels a day this month. they are seeking to restart a major oil pipeline. talks took off in late june, but faltered in recent weeks. saudi arabia and russia have both been curbing output. even though there were concerns about recession and slow down and rate hikes, it does appear that opec-plus' supply management strategy has been successful thus far in edging prices significantly higher. shery: su keenan, with the latest on the energy sector. let's stick with china demand and bring in annabelle. you are also watching the outlook for metals. >> that's right. let's kick off with iron ore here. that key ingredient for steel. essentially construction accounts for about 40% of that demand for iron ore in the country. the bets on stimulus that have come through from china, we were waiting for some sort of concrete measures to boost the economy. that's been

that puts west texas intermediate. seen a little bit of retreat, this comes despite the latest u.s. oil stockpile showing a rise in inventories. there has been a show called. clodagh ms. lindsay said ukraine would retaliate. the ukrainian drone attack on an oil tanker this would prove a snapshot of how tight it is. the post opec high. it means the people web and skeptical. meanwhile, because of concerns about the chokehold. >> the possible strike of actions in australia. >> this means there would be the first time, what to they want? want to stop outsourcing jobs. they say they have been engaging in good faith. during the profound. there will be more meetings but it's early, quarter to eight. those buyers are going to be competing as well. they are betting the gas prices are going to come down. a lot of volatility ahead for gas prices. a lot of volatility. kathleen: the concern is because rice is a stapled of diets, it could have inflationary pressure. this comes. the asian benchmark claim to 648 a time. this brings th

what we saw was west texas rising above 84 before pulling back just a bit and that increases bites the inventory data which showed an increase in inventories which would normally be bearish but investors chose instead to focus on the decrease, the following crude products which fell the most in three months. analysts say it's the market tightness narrative. conditions and the black sea are adding to that. the latest threat to supplies is the risk to russia flows from the black sea from various attacks. we heard the ukrainian president volodymyr zelenskyy saying that ukraine would retaliate to prevent prussia -- russia from blocking their waters. that ukrainian drone attack on an oil take her over the weekend. the iea and opec released reports later this week that should provide a snapshot of how tight the oil market is. the fact that they have broken the high of a350 made in april means that those doubters who thought opec efforts to prop up the oil market wouldn't work have been proven wrong. we've seen wheat fall back a bit after rising dramatically earlier in the week. again because

well then maybe the government needs to build a well san angelo in west texas. it is always embraced all things. energy exploration is production harvesting and it's distribution. an o orange town. san angelo is doing well for itself these days embracing what they called renewable energy opportunity local chamber of commerce, busy as a be assisting with the recruitment of 3 massive solar power plants. typically, we do have a whole lot of land here and not all that is equally airable, the highest and best use for that land is often times a different solution, in this case solar present. some really, really important advantages. not only in terms of energy production, but in terms where almost the economy in its growth. just at the end of last year, south korean power company finished building the massive control solar valley project. 447000 solar panels generate up to 160 megawatts of phone. before that, another one came on line in 2020, and this 3rd big solar project was being developed and build right now. of all 3 projects together, amount to an investment of

we use business magazine, we're in texas, west wind instead of the plan. so creating a storm guessing connective what's holding back renewables in germany. i'm kind of eastern europe, the power of the confidence to comp revolution. stage change that all of that, but 1st, come pigs help you fly. the idea of using fat from the animals as jet fuel is gaining ground, but not without quoting control the c plants and animal waste all seen as potential sources of clean power. but is it right or even realistic? a towel that flying from paris to new york with the equivalent of 9000 pigs in your tank. one environmental great. what town? lots, what it would take to fuel a plane. it was that distance picks, problems, office font which can be used in aviation field. it's some things that you're clean union wants to see more of in the future. we use animal fat because uh below a quality animal fats are relatively easy to convert into sustainable aviation fuel and also the diesel. and the processing equipment that we have is, is a relatively set to. ready with some adapt

brent and west texas intermediate oil indices continued to produce opec members and increased global demand for the seventh consecutive week , an increasing trend, recording effective global developments and the international energy agency's forecast day about the increase in global demand for oil and the decrease in supply have kept the black gold in the orbit of increasing. accordingly, it is experiencing an upgrade in value, an upgrade that from 2022, the global demand for oil in june will reach the level of 103 million barrels per day and the possibility of a new shutdown will be recorded this month. saudi and russian oil industry experts have stored the world's oil reserves for the rest of this year, which will increase the price of this widely used product. accordingly , opec has announced that the demand for daily oil is 2 it will increase by 44 million barrels this year american economic information is declared as a reason for the oil market and it is likely that the end of the interest rate increase process by the american central bank will promise an increase in supply and

. $.43 at the moment and it has been up and down and we are looking at $82.36 per barrel for west texas intermediate crude. jon: some of those energy stocks is what we are looking at with crude on the move but other macro stories we are tracking is the moody's downgrade of some regional banks. m and t bank shares are down about 2.5%. you've also got this overarching theme from ups about volumes right now being weaker and that raises concerns about the economy. ups shares are managing relatively well, off about half a percent today. wanted to remind our audience that eli lily, the potential for their weight loss treatment in the early sales pictured there is getting people excited and the stock right now is 13%. going any other direction, beyond meat down about 15% on the day in the reality perhaps the economy or the inflation story, people making decisions on what they want to pay for, maybe a little less on plant-based protein products. that seems to be the message from beyond meat. matt: we have a reporter roundtable on the headlines of the day and michael mckee joins us on yields in

it's throughout the hill country, west texas and wouldn't you know that it's this sort of help from the tropics that will maybe put a bit of a dent in the ongoing drought that we've had in texas ? that's worsening here? a couple of the wind gusts as we speak nearly 50 mile per hour wind gusts in corpus christi, so it feels like a tropical storm and harold doing a number there. power outages a little more sporadic at the moment, but watch it as it crosses over northern mexico right along the rio grande valley and then eventually getting into west texas, where flood watches are in effect, so that's some good news too much of it in a short period of time, especially when you deal with topography. well, we saw what happened out in southern california, so we'll watch what occurs there in south texas. shouldn't be as extreme and then we head out into the caribbean. we still have tropical storm franklin that we're watching franklin could be making a landfall in the dominican republic, producing quite a bit of rain in excess of a foot. so that's the next one after harold to watch neil back to y

the southwest bringing heavy rain in spots, we're looking at the chance for flash flooding from west texasing us the chance for heavy rain anywhere from up to three inches of rain is possible. also looking for chances of storms in the great lakes. f storms in the great lakes. left untreated, those odors get trapped inside fabrics and then release smells into your air. eww. you need new febreze fabric refresher. its new formula is proven to deliver longer-lasting odor fighting power, so you can enjoy longer-lasting freshness - even hours after spraying. the more everyone sprays... ...the fresher your whole home stays. new febreze fabric refresher. ugh, i can't wait to get out of here... and right into my shower! dial with hydraclean complex and vitamin e cleanses deep but is gentle on skin. dial up your day. let's do this. that's me before dawn powerwash. [sigh] now, powerwash gives me the power of an overnight soak in minutes. with 3 cleaning boosters... not found in traditional dish soaps that help break down, loosen and lift away food and grease... so much faster! >>> jacksonville, flori

our san angelo in west texas around here, the sun is almost always shining. the town has space a lot of space, large solar and wind energy projects makes sense here. solar present, some really, really important advantages. not only in terms of energy production, but in terms of the economy in its growth. 3 big solar projects brought an investment of $800000000.00 into the account, which brings us back to like pickens, you know, take it somewhere in san angelo. there's a whole bunch of flat, treeless homeless land up all over the panhandle. you can put a lot of solar despite the bleak reality of ongoing and increase of the fights and legal battles between preservationist landowners and the renewable energy industry . many here on the central movements and regulations preparation and solutions for the future. the tensions between china and the united states are now drawing in the philippines. the chinese embassy in manila is accused washington of stirring up trouble in the dispute itself, trying to see that is where the 2nd thomas show is located. that's in a t

you craze. problem becomes america's probably, maybe the new west texas. we are going to be on the hook for you crate government debt and liabilities and everything else. i urge anything that the next few weeks you will see that ukrainian basically counter offensive run this course. i think the russians what has really impressed me again. this is not about me being pro actual preaching you create, just as an objective observer, as a basically battlefield. the russians are honestly learning from their mistakes. and you look at the development of you, what is the length of the drums. the cases need to basically helicopters, you're talking about basically the phone, 34. i mean, you're talking about the night vision goggles, the rushing, basically new a true technology has been live totally like going from a revolution every 3 months. there was, i'm no finding with weapons or the who have 18 months ago because they didn't exist a 2 months ago. and not to me is the most impressive thing. this is the reason why, why so why has to walk around the same circle? rog

but harold is on the move, and powerful, tracking fast, now heading to west texas, where there is a flood watch in effect through tomorrow. david? >> david: mireya villarreal leading us off. mireya, thank you. let's get right to senior meteorologist rob marciano, tracking the current storm, of course. we mentioned the several named storms in the pipeline. and also, 100 million americans, more than 100 million, facing potentially record-breaking heat all over again. but first, rob, i know you're tracking harold's path. what are you watching tonight? >> reporter: well, just how fast it's moving. much like hilary, this thing really came onshore quickly. the center over laredo right now. been getting all sorts of rainfall today, they'll take it, but they're dealing with some flooding, as well. del rio, you're next, and then eventually el paso. as you mentioned, this was the fourth named storm to develop in just 39 hours. here are the other players, including others in the atlantic. but franklin will hit hispaniola and puerto rico with some rain. this heat, this is expansive. all the way from

also coming up the west, texas, it covers visits china in a bit to cool trade tensions. a memorial is held in florida, 3 black americans killed him. what police say is a racially motivated, hate crime on what farm is in mexico and struggling to caution on crops, full medicinal marijuana. the book and it's like a, we begin in libya. what reports from israel of an announce meeting with the libyan foreign minister have sparked protests, demonstrates as in tripoli on several of the libyan cities, bones is very be flags and demanded the dismissal of the foreign missed a nice lot when goose is very far in minutes that you like, how do we describe the tools that have added to the last week as a historic 1st step in establishing ties? well, libby, as foreign minister has been suspended on an investigation launched. the foreign ministry described it as a non official meeting. libyan little makes it illegal to have an authorized discussions with israeli officials. the countries that have no formal relations since libyan independence in 1951 as well as the baby. it will speak to ha

codes that are on the north jobs that were like my headquarters here in the also coming up the west texas. it covers visits, china and a bit to cool trade tensions. a memorial is held in florida, 3 black americans killed. it won't please say it's a racially motivated, hate crime. unlike farm is in mexico of struggling to catch it on crops.

and how can a donnie, as we can into a tropical storm as it moves over the west, texas, south carolina. it's close, widespread flooding and damage in florida in georgia. at least 3 people have been killed and storm related incidents. the decline has lost what appears to be the biggest wave of strikes into russia since the start of the war. ukrainian drones targeted these 6 regions and russian tower tree pest called city was hottest head, a launch finest off at an airport for several minutes. the plans were damaged, that will also attacks me a must go that to flights of several airports being suspended for the south. there were reports of drones being shot down and the brians couldn't do the audio and reality on regions. the attacks went on, usually deep into russian territory and mock a major escalation and your clients use of drawing will fab or russia has had back with strikes on the ukrainian capital killing. at least 2 people around mcbride reports from case and this was one of the most intensive exchanges of miss island drone strikes so far in the war attack. drones struck 6 regio

the rallying futures for west texas intermediate and crude have taken off but faltered in recent weekse that in part two efforts by saudi arabia and russia to curb production. they tightened the market and now it is really a question of direction at this point. paul: bloomberg's su keenan there. investors bought austrian lithium stocks at the start of the year and could doubled their money, or lost more than half of it. shares from some of the most volatile returns on the asx 200 index. james, a bit of a freak willing stage for the lithium boom at a moment. what are the factors that are driving this? >> the key driving factor is the transition to going electric. for that, we need lithium. it was a niche market but it is now becoming something quite different. the miners going out looking for lithium deposits, the results will be published and investors will just pile in. not quite understanding the true value of the results. that expands why in some cases there are fantastic results and in some cases, not so great. shery: so what should we be looking out for when it comes to separating

let's talk about west texas intermediate near $83 after rising 4% over the past two sessions, up foras of friday, the longest winning streak since june 2022. that has a lot to do with the fact that pe -- opec has been cutting oil and saudi arabia not only taking oil off the market course -- but simultaneously charging more to its customers. it is raising prices for its flagship product for sale to asia by $.30 per barrel, that is above the benchmark. according to a survey, they were expecting a bigger increase, perhaps $.50 a barrel, so saudi arabia getting what it wanted right now in the near term. they are getting higher prices as a result of some of the actions they have taken. haidi: opec was holding on cost at the latest committee readings. >> the monitoring committee meeting online over the weekend and friday deciding to stay the course where they are with oil. saudi arabia, the world's biggest exporter of oil and leaving this to prop up prices and reverse the slide we saw earlier in the week is now extending their unilateral cuts. in september, russia also extending it separat

if you're heading to fairfield, an accident near west texas. >> thank you. developing news.president donald trump is expected to appear in federal court tomorrow. it comes after he was indicted for a third time for allegedly trying to overturn the election. abc news reporter and when joins us live from washington with this historic development. >> historic indeed. good morning. some experts say this third indictment is his most serious. prosecutors accused trump of working to create an intense national atmosphere of mistrust in order to erode public faith in the election. former president donald trump criminally charged in relation to alleged widespread efforts to overturn his election loss to joe biden. trump indicted on four felony charges, conspiracy to defraud the u.s., to obstruct an official proceeding, obstruction of and an attempt to obstruct an official proceeding, in a conspiracy against rights. >> the attack on our nation's capitol was an unprecedented assault on the seat of american democracy fueled by lies, lies by the defendant targeted at obstructing a bedrock

west texas is expensive. prices will likely climb even higher in the next four months. why?sts driving up prices, demand is still heavy and sending global benchmark $286 a barrel. manufacturing of everything you can to heavily dependent on energy and commuters driving gasoline powered cars, what does it mean for inflation and will the federal reserve be forced to increase rates to tamp down the prices? joining me now, somebody who has an idea here, andy. your reaction to the iea? tell me are you see oil prices in the next four months and what will be the driver. >> thank you for having me back. we've been seeing record oil demand in 2023 over 2 million of down in the top the same time opec cut production by $2.7 million a day since last october so i agree oil prices are going to continue to increase especially because saudi arabia is doing what it can to bring prices up to $90 a barrel to balance domestic budget considerations. >> let's put this headline out. this week we had predictions and they are pretty factually based, the u.s. will hit production record of oil, crude t

you can see we are looking at west texas intermediate trading for a $3.48 -- $83.48. we will have the results in just a moment. general motors has unveiled its first all electric cadillac escalade. it is called the escalade i q. i caught up with the president of gm about the announcement. >> the current escalade, we sold over one million units. one out of every three of these suvs in this luxury segment is an escalade. we have an x -- successful brand and it is an on believable vehicle for general motors but this is added business. we are going to be the first ones to bring it here with an iconic brand and this is in addition to the internal combustion engine escalade and you can see it in the next step of the deadlock -- the -- the design language of the escalade. the escalade standard of the world. matt: you already have the hummer, which is on the cutting edge of everything and early adopters who are waiting for a big electric vehicle, i assume went out and got that. who is left to buy the escalade? >> the ultimate platform we are talking about as flexible and diff

west texas intermediate going for $79.84. i want to talk about the housing sector first. 30-year mortgage rates have top 7%, a threshold double impact affordability, sales, and refinancing activity. here is reade pickert to explain. what do we know about what the 7% mortgage is going to do to the housing market, which already seems like it is in a deadlock since home wonders don't want to give up cheaper mortgages they have? >> that's exec the right. we have data that shows that the 30-year contract rate on a mortgage went up to 7.16%, matching the highest now since 2001. what we are expecting is a two-part situation. one is that when you see higher mortgage rates, that restricts demand. on the upside, -- on the flip side, it leads people to not want to list their homes. the reason we have had headwinds for the housing sector more generally is because people look around and they know they have their 2%, 3% mortgage rate, and they don't want to trade at in. the lack of inventory has been what is keeping existing home sales dow

. $79 and $.11 is what a barrel of west texas intermediate will cost you. investors are you building -- are eagerly awaiting comments from fed chairs -- fed chair jay powell's comments at jackson hole. we caught up with jim bullard to says the pickup in economic activity this summer could delay plans for the central bank to wrap up its rate increases. >> this re-acceleration could put upward pressure on inflation, stem the disinflation that we are seeing and instead delay plans for the fed to change policy. >> memory separate those questions in terms of -- let me separate those questions in terms of inflation absent the growth level we have at the moment and it is early read from the atlanta fed, absent that, would you be thinking inflation will re-accelerate anyway based on what you have seen in the economy? >> there has been talk about base effects fading and going to the other way for the second half of the year so we will see if that occurs. i like to look at the 12 month numbers because they rent out -- rinse out some of the seasonal effects so you cou

>> when you see the price of west texas intermediate at $82, we know that crude is trading near $85,6, opec's production fell by the most in three years, this is a deeper cut back, burke surveys show that production humbled by 27,000 barrels a day in july, that is the biggest since they slashed supplies. most of the production cuts as we have said have come from the saudi's and traders expecting saudi arabia to extend the measure into september in the coming days. also, bloomberg has learned that the biden administration is now laying replenishment -- delaying replenishment of the emergency oil reserves. oil is not a very high price of $80, they will not be doing a lot more buying at a lower price again. i do in terms of fundamentals right now. -- fragile in terms of fundamentals right now. haidi: the jobless rate rising to a two year high of 3.6% from new zealand, we are seeing some gains when it comes to wagers as well, 1.2%, 1.1 percent, slightly weaker than expected, expectations when it comes to excluding overtime reading, it is 1.1%, a bit softer than expectations, the particip

this is going to hid into portions of mexico as well as west texas as we go throughout the late eveningour. the forecast radar is going to push the rain to the west and produce some very heavy rainfall across a very dry texas. about 88% of texas is in drought right now. unfortunately, the bulk of the rain is missing the areas that need the rain the most, but nevertheless, this is a state that needs the rain. this was beneficial rain for texas for sure. but the first landfall for the atlantic hurricane season, so we're just getting going. >> jennifer gray, thank you very much. >>> coming up, there's more breaking news on key trump allies indicted in georgia as some of their codefendants have begun surrendering. ♪ (cheery music - they get it. they know how it works... and more importantly... it works for them. - i don't have any anxiety about money anymore. - i don't have to worry about a mortgage payment every month. - it allowed me to live in my home... and not have to pay payments. - [narrator] if you're 62 or older and own your home, you could access your equity to improve your lifest

we'll take you to west texas el paso take a look at these images a major human smuggling stash housey border patrol 50 illegal immigrants found being held in a single stash house in el paso what happens is once they crossed illegally smugglers and cartels will hold them in stash houses like this before they find a way to get deeper into the interior of the united states. as you can see from these pictures the stash houses have horrible conditions. we'llwill take you to arizona br patrol tucson arizona sector another human smuggling bus this time near benton, arizona border patrol stopping a car with a 10 illegal immigrants crammed inside of it being smuggled. they are smuggler, a u.s. citizen behind the wheel as we continue to see more and more americans getting caught up in human smuggling with the promise of these cartels of quick and easy cash. then it will keep in tucson, arizona sector take a look at the mug shot here. border patrol arresting this convicted child predator in a group of 11 migrants are crossed illegally near bisbee, arizona but he has a conviction in utah for the

west texas is over $80, what if it goes to 95, or 100 -- >> chuck schumer was the main blocking pointa: he said it was a blocking point for big oil. a big conversation about whether or not this administration is stifling our ability to produce more gas and oil here at home in the middle of what is a very much a rising price environment. we'll be batch -- watching it. >> john: thank you for joining us. supreme court judge clarence thomas out with his report, will it be enough to satisfy his clinics? we will hear about that next. >> did you ever go there and say maybe it's possible he did this? >> always two sides of the story. >> sandra: surviving son of convicted killer alec murdaugh breaking his silence in an interview with fox nation. why he believes the person who killed his mother and brother is still alive and on the loose. >> we believe the federal government could be doing more. >> for the white house who has done basically nothing to point out and criticize while they have done nothing is d-- don't tell us how we could have done it better. don't sit in the bleachers and be a s

west texas intermediate should be 90 bucks or higher. >> i'm bullish on energy.n barrels. we're not producing that. the rig count is down 16% over last year. don't forget the rigs get into decline. we'll have to ramp up at the same time the administration is trying to kill off some of our ability to do that. charles: right. >> that said, wall street is always a mind game. if we go into a recession there is a lot of investors that are going to say, hey, sell energy, recession means less energy usage but the supply and demand dynamics are there. long term i really like the play. charles: i got a minute to go. i read your note, you like the barbell approach. listen, i love the concept but whenever i have guests who come on explain i have a little bit of this and i have a little bit of that, by the time i'm done why don't i have a spdr etf and call it a day? what is the talk about the barbell approach and what is sew special about the way you go about this. >> i'm pretty sure you could bench press this. i like a couple of sectors but i think the the market is very he

liz: west texas. >> also commodities, gold, has got a 12 year cup and handle if you look at the one-month is the confirmation. i think it goes to 25 pretty quick. gold miners are actually relative to the s&p 500 priced very right on their pes. liz: why are you not going into the soft commodities, wheat, sugar, cocoa, india, everyone is figuring out how to go through the supply inind-yard, do end-run around china? that will be better for that economy. depending three meals a day versus two. why wouldn't you go with soft commodities? >> i will agree with you on this one. we're bullish india as well. they're getting more of a front seat as we're friend shoring a little bit with them trying to keep good relations there, not just letting china lead all of that. liz: david, i will tell you something. i like when people agree with me. usually i get the blowback. thank you very much. >> pleasure is mine. liz: folks here we go, we're saying good-bye to august trade. looks like the dow and s&p both will break a four-day winning streak. but the nasdaq is hanging on to gains here. [closing bell rings

so, over 60 mile-per-hour winds and we still have the potential for flooding, especially for west, texasiy moving into the southwest. bring the potential for flooding. they need to see the rain. too 67 of a good thing will cause some problems. we will keep you up to date on that. then we have a couple features in the atlantic. this is franklin by the way. keep an eye on franklin as it moves over the dominican republic and then towards the east coast on monday as a hurricane, i think it's going to remain offshore but something we will have to much way. there is the rest i don't have you are forecast. strong to severe storms for parts of the eastern great lakes and tropical storm it moisture moving into the southwest. over to ainsley and steve. >> steve: all right, j.d., thank you very much. >> thanks, janice. >> steve: coming up on this wednesday, the white house is selling bidenomics. but americans are not buying it. so which candidate is poised to fix the economy? stuart varney is here in "studio m" and he is coming up next here on "fox & friends." >> ainsley: hi, stuart. ♪ ♪ hi! need n

west texas intermediate. finally starting to get a little bit of traction.umbers about, they blew it with the strategic petroleum reserve. i don't know if they can ever buy it back. we went down here. maybe this is when they should have been buying it back since june and jewel. we're coming on. if we get to $85, do you have exposure there? what would you own if that's the case? >> so i do. i own exxonmobil, i own schlumberger and then i own the xle separate from everything else but those two individual names are names i own. i still own them. i still like them. i would still buy more of them, right? i think energy certainly had a great year last year. it is flat this year, basically underperforming the rest of the market, but to your point i do think energy is going higher. fossil fuel is not going away. global demand is heating up. renewable energy is still in its infancy stage. so i'm bullish on energy. look, you saw what happened, right? there was a big draw down in inventories from the eia the other day they reported, right? they have got, now that issue

and then it's going to push into northern sections of mexico, west texas throughout the afternoon ando to three additional inches of rain. could see higher amounts across portions of mexico. but as i mentioned, this is a very dry area. 88% of the lone star state under drought conditions. unfortunately, this tropical system did not go a little bit farther to the north because that's where we're experiencing the driest conditions. but brianna, i think every little bit of rain helps. this is the type of system that you want, right? because you don't have the 100-mile-per-hour winds but you have the beneficial rain for a state that desperately needs it. >> yeah. that's right. certainly needs that rain. if only it could push a little north there. jen, thank you so much for that. boris? >>> the jail is always open, and the first two of donald trump's alleged co-conspirators have come and gone, but they will not be the last. ahead, what's going to happen at the atlanta facility where trump is expected to surrender on thursday. that and more still ahead on "cnn news central." nersprings, for

one of them right here, 50% chance of development as it moves towards west texas. some of these temperatures, that, i think, in a few days is going to bring some moisture at least towards south texas. we'll be watching that one closely. all right, guys, over to you. rachel: thank you, rick. pete: this week, will, as you know, went to see the devastation this maui firsthand from the largest wildfire in hawaii's history. will: on the ground i got to meet the incredible men and women coming together to help the survivors in lahaina. watch. muck. ♪ ♪ will: all right. we've got unique access, we were invited into hawaiian homes where they set up a community-based store relief center. it's like a shopping a mall. this popped up within days of the disaster. you walk through this area where everybody can come get when they need, right? and then you see -- ♪ >> it was gnarly. i was the only human there running around. i don't know if i should say this, but all the hine ares down, power lines down, telephone posts, smoke, fires still, wind and a lot of bodies. >> things have

example, oil and gas for more than a month, oil has been rallying like crazy in the last six weeks, west texas crew has gone from $67 to $84. but it's only today that i'm hearing that the oil stocks could be very interesting to buy. i want you to imagine for a moment that you're in the cnbc investing club our philosophy is look for situations where stocks don't reflect the value of the companies underneath remember, these are companies. we bought a bunch of oil stocks when things were nasty, and it hurt for a while but then oil and gas started coming back. we've been waiting patiently for wall street to notice. it's been a tremendous under the radar run we've experienced, because almost nobody wanted to acknowledge it was happening i don't know anyone who liked the oils today seemingly out of nowhere, maybe read a half dozen pieces that arguing now it's time now is the time to buy the oil stocks because they're so attractive. >> buy, buy, buy >> to which i say, are you kidding? >> sell, sell, sell. >> the oils were attractive six weeks ago. they're much less enticing now the whole month of jul

charles: you talk about crude oil a lot, oil on both sides, brent and west texas, a monster drawdown. from. they were looking for a million barrel. it was 17 million. crude even though it is down today is on the cusp of taking off. where do you see crude going for the rest of the year? >> i think it remains at this level, above 75 for sure. i think we see it at 78 to $79 a barrel. charles: irish that, thank you very, very much. folks, we'll be right back. ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ ♪this is what love looks like♪ ♪this is what love looks like♪ ♪ ♪this is what love looks like♪ first, there's an idea and you do something about it for the first time with godaddy. then before you know it, (it is a life changer...) you make your first sale. small business first. never stopped coming. (we did it!) and you have a partner that always puts you first way. (no way!) start today at godaddy.com. meet the team... behind the team. the coach. the manager. and

government and in northern plains, in west texas, iowa pa chee in arizona where benjamin would end up. but these two with postal expansion went hand-in-hand. and you can see the expansion the postal system into areas that it only recently been ceased often through violence native people in the west. to zoom in to show you my process this was my state of colorado where i currently live and this iss in 1870. 1870 most of the western third of colorado was occupied by groups of people and white settlers were forbidden from trespassing on to the land and i did not last very long -- they streamed into the southwestern corner of thehe ste into the san juan mountainses in search of gold and 1873, government officials renegotiated with several leaders and reached so-called bruno agreement and this seated southwestern chunk of land about 3.7 million acres to the united states. and this is what happened next.h u.s. post is not causing this but often on the frontline of this operation of native territory and i can show you similar patterns across the western united states from this period basical