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Today, a frigid cold snap has neighbors from Maine to Maryland shivering under a big chill and the price of crude oil is moving higher. With Jack Frost finally nipping at the Northeast, it makes sense to think its the cold weather pushing up the price, but that's only part of the story. There's more going on than meets the eye, and for the inside scoop CNBC...
"Squawk Box" kicked off a new series this morning--Fire and Ice--a look at how the unusually warm weather is helping and hurting areas of the U.S. economy. The focus today is on retail. When the weather's too warm--many people don't shop for cold weather items--as some holiday season retailers found out last month. December in the U.S. was one of the warmest on record.
The huge sell-off in crude oil this week is raising concerns about possible hedge fund losses. Are commodities across the board headed for another Amarenth-style debacle? Howard Simons of Bianco Research and Kyle Cooper of IAF Advisors were on “Closing Bell” to discuss the repercussions of a further decline in commodities.
I want to talk about my holiday vacation week if I may, since I spent much of it considering and talking about the real estate market (so much for getting away from it all). As I sat in my mother-in-law’s condo in Waterville Valley, New Hampshire, staring at the not-so-white White Mountain range and glowering at the pile of snowsuits, boots, ski equipment, goggles, and gloves sitting dry in the corner, thoughts and conversation turned to housing.
As we’ve been telling you, holiday spending can make or break a retailer. Will this Yuletide go out with a bang or a bust? CNBC’s Michelle Caruso-Cabrera spoke with Steve Liesman and Eric Beder of Brean, Murray & Co. on "Morning Call" to find out.
The U.S Energy Department released weekly natural gas inventories data. CNBC’s Sharon Epperson explained today’s numbers and Josh Sadler, Natural Gas Trader at UBS provided instant analysis.
It ain’t over ‘til it’s over and the International Council of Shopping Centers (ICSC) is predicting that this coming Saturday -- Dec. 23 -- will be the busiest shopping day in this holiday season.
Warm weather has brought doom and gloom forecasts of apparel sales this season, but there's still reason for some cheer.
The arrival of cold weather and last minute shoppers have traditionally helped boost U.S. retail sales each December. But with the recent streak of unseasonably warm weather across parts of the nation, many apparel merchants are appearing to "sweat." On today’s "Power Lunch," CNBC’s Bill Griffeth asked whether shoppers will buy sweaters and coats; high ticket items that usually account for a large percentage of total December sales.
President Obama loses a game of "Touchdown Fever" with Gov. Chris Christie as they tour a rebuilt part of the Jersey shore seven months after Hurricane Sandy washed ashore.
After seeing the extensive destruction and loss of life from the Moore, Okla., tornado on Monday, Tornado Alley residents are going into prevention mode, vowing to avoid becoming victims when the next twister strikes.
On Thursday the government's top climate agency said the 2013 hurricane season could be extremely active and spawn 13 to 20 tropical storms.
CNBC's Jane Wells takes a look at the clean-up and recovery efforts in the aftermath of a deadly tornado that devastated the Oklahoma City area.
A report from the medical examiner's office in Oklahoma confirms 24 fatalities, reports CNBC's Jane Wells.
Tom Bennett is with Jim Giles Safe Rooms of Oklahoma and also a board member at the National Storm Shelter Association. Bennett discusses his business of storm shelters.
A report on the ongoing rescue efforts in Oklahoma, and the impact on insurers, with CNBC's Jane Wells and Mary Thompson; and Joplin City Manager R. Mark Rohr and WeatherFX Chief Meteorologist Paul Walsh, offers insight.
CNBC's Jane Wells reports on the rescue efforts taking place in Oklahoma after yesterday's massive tornado; and Meteorologist Reed Timmer reports on a tornado watch currently in effect around Dallas.
Here's a look at how the devastating Oklahoma storm compared to some of the deadliest tornadoes in U.S. history.
The death toll has now dropped from 51 to 24, but some expect that number to rise, reports CNBC's Jane Wells.
The death toll is expected to rise, reports The Weather Channel's Jim Cantore, as the search continues for survivors after yesterday's devastating twister swept across the Midwest.
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