
<!DOCTYPE HTML>
<html prefix="og: https://ogp.me/ns#" itemscope itemtype="https://schema.org/WebPage">
    <head>
        
        <title itemprop="name">Business booms post-Hurricane Harvey, says real estate investment trust</title>
        
        <meta http-equiv="X-UA-Compatible" content="IE=edge" />
        
  <meta charset="utf-8"><meta property="AssetType" content="cnbcnewsstory" /><meta property="pageNodeId" content="104719499" /><!-- premium asset !--><meta itemprop="description" name="description" content="Camden Property Trust has seen a &quot;total transformation&quot; of its business since Hurricane Harvey slammed into Texas, its CEO told CNBC on Tuesday." />
    
<meta itemprop="keywords" name="keywords" content="Real Estate, Closing Bell, Camden Property Trust, Real Estate, Foreclosures, Housing, Mortgages, US: News, business news">
<meta property="og:type"  content="article" /><meta property="og:url" content="https://www.cnbc.com/2017/09/19/business-booms-post-hurricane-harvey-says-real-estate-investment-trust.html" /><meta property="og:site_name" content="CNBC" /><meta property="og:image" itemprop="image" content="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/09/19/104719498-GettyImages-843769924.1910x1000.jpg" /><meta property="og:title" content="Real estate investment trust sees business booming post-Hurricane Harvey" /><meta property="og:description" content="Camden Property Trust has seen a &quot;total transformation&quot; of its business since Hurricane Harvey hit Texas, its CEO told CNBC on Tuesday." /><meta name="twitter:card" content="summary_large_image" /><meta name="twitter:site" content="@CNBC" /><meta name="twitter:url" content="https://www.cnbc.com/2017/09/19/business-booms-post-hurricane-harvey-says-real-estate-investment-trust.html" /> <meta name="twitter:creator" content="@MFoxCNBC" /> <meta name="twitter:title" content="Real estate investment trust sees business booming post-Hurricane Harvey" /><meta name="twitter:description" content="Camden Property Trust has seen a &quot;total transformation&quot; of its business since Hurricane Harvey hit Texas, its CEO told CNBC on Tuesday." /> <meta name="twitter:image" content="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/09/19/104719498-GettyImages-843769924.1910x1000.jpg" /><link rel="amphtml" href="//www.cnbc.com/amp/2017/09/19/business-booms-post-hurricane-harvey-says-real-estate-investment-trust.html"><meta property="article:publisher" content="https://www.facebook.com/cnbc" /><meta property="article:published_time" content="2017-09-19T18:47:51-0400" /><meta property="article:modified_time" content="2017-09-19T18:47:51-0400" /><meta property="article:author" content="https://www.facebook.com/CNBC" /><meta name="author" content="Michelle Fox" /><link href="https://plus.google.com/113235834597988669698" rel="author" /><meta property="article:section" content="Real Estate" /><meta property="article:tag" content="Closing Bell" /><meta property="article:tag" content="Camden Property Trust" /><meta property="article:tag" content="Real Estate" /><meta property="article:tag" content="Foreclosures" /><meta property="article:tag" content="Housing" /><meta property="article:tag" content="Mortgages" /><meta property="article:tag" content="US: News" /><meta name="news_keywords" content="hurricane harvey, texas, apartment market, REITS, Camden Trust" /><meta http-equiv="pics-label" content="(pics-1.1 &quot;http://www.icra.org/ratingsv02.html&quot; l gen true for &quot;http://www.msnbc.msn.com&quot; r (nz 1vz 1lz 1oz 1cz 1) &quot;http://www.rsac.org/ratingsv01.html&quot; l gen true for &quot;http://www.msnbc.msn.com&quot; r (l 0n 0s 0v 0))" /><meta name="GOOGLEBOT" content="unavailable_after: 31 Dec 9999 23:59:59 GMT" /><!-- structured data !--><meta itemprop="dateCreated" content="2017-09-19T18:47:51-0400" /><meta itemprop="dateModified" content="2017-09-19T18:47:51-0400" /><meta itemprop="lastReviewed" content="2017-09-19T18:47:51-0400" /><meta itemprop="sourceOrganization" content="CNBC" /><meta itemprop="inLanguage" content="en-US" /><meta itemprop="specialty" content="hurricane harvey, texas, apartment market, REITS, Camden Trust" /><meta itemprop="primaryImageOfPage" content="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/09/19/104719498-GettyImages-843769924.1910x1000.jpg" /><meta itemprop="isFamilyFriendly" content="true" /><meta itemprop="contentRating" content="NR" /><meta name="tp:PreferredRuntimes" content="universal" /><meta name="tp:PreferredFormats" content="M3U,MPEG4" /><meta name="tp:initialize" content="false" /><meta name="apple-itunes-app" content="app-id=398018310" app-argument="//www.cnbc.com/id/104719499"><meta property="al:ios:app_name" content="CNBC Business News and Finance"><meta property="al:ios:app_store_id" content="398018310"><script type="application/ld+json">{"@context": "https://schema.org","@type": "NewsArticle","description": "Camden Property Trust has seen a &quot;total transformation&quot; of its business since Hurricane Harvey slammed into Texas, its CEO told CNBC on Tuesday.","mainEntityOfPage": "https://www.cnbc.com/2017/09/19/business-booms-post-hurricane-harvey-says-real-estate-investment-trust.html","headline": "Real estate investment trust sees business booming post-Hurricane Harvey","dateCreated": "2017-09-19T18:47:51-0400","datePublished": "2017-09-19T18:47:51-0400","dateModified": "2017-09-19T18:47:51-0400","author": {"@type": "Person","name": "Michelle Fox"},"creator": ["Michelle Fox"],"publisher": {"@type": "Organization","name": "CNBC","logo": {"@type": "ImageObject","url": "https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/cnbc-logo-amp.png","width": 360,"height": 60}},"image":{"@type": "ImageObject","url": "https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/09/19/104719498-GettyImages-843769924.720x405.jpg","width": 720,"height": 405},"thumbnailUrl": "https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/09/19/104719498-GettyImages-843769924.720x405.jpg","articleSection": "Real Estate","url": "https://www.cnbc.com/2017/09/19/business-booms-post-hurricane-harvey-says-real-estate-investment-trust.html","keywords": ["Articles","Real Estate","Closing Bell","Camden Property Trust","Foreclosures","Housing","Mortgages","US: News","source:tagname:CNBC US Source"]}</script><meta name='parsely-metadata' content='{"nodeid": "104719499","originalImage": "https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/09/19/104719498-GettyImages-843769924.jpg"}'>
					
			<meta itemprop="speakable" itemscope itemtype="http://schema.org/SpeakableSpecification" itemref="speakablemeta1 speakablemeta2 speakablemeta3">
		<meta id="speakablemeta1" itemprop="xpath" content="/html/head/title">
		<meta id="speakablemeta2" itemprop="xpath" content="/html/head/meta[@name='description']/@content">
	

         <!-- Including styles as the first thing on the page-->
        
              <link href="//www.cnbc.com/staticcontent/global.2.css?vn=520" rel="stylesheet">


	<script id="javascript-lazy-loader" data-loader-url="https://js.cnbcfm.com/minify/js" type="text/javascript" src="https://js.cnbcfm.com/minify/js?modules=partner_experience&vn=520"></script>




<!--[if lt IE 9]>
	<script type="text/javascript" src="//www.cnbc.com/staticcontent/html5support.js?vn=520"></script>
<![endif]-->
        
        
       <!-- Styles from Skin -->
                    							    		    			    				    				
					    						    						    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		    				
					    						    						    							    								    							    							    							    							      				      			       		       		    		    			    				    				
					    						    						    							    								    							    							    							    							      				      			       		       		    									<link href="//www.cnbc.com/skinjoin?skins=2017%2F03%2F23%2Fcnbc-global.28_20_42_6.css?vn=1518129302|2016%2F04%2F05%2Fright-rail-source-hide_0.css?vn=1460493679|2016%2F05%2F11%2Fhide-feedback.css?vn=1463760405|2016%2F08%2F22%2Fcnbc_nav_skin_8.css?vn=1495142212|2016%2F12%2F30%2Fportfolios-nav-hide.css?vn=1483140728|2017%2F01%2F05%2Ftp_cursor_fix.css?vn=1483638002|2017%2F03%2F07%2Flisticle_fix.css?vn=1489599224|2017%2F07%2F13%2Fcreator-override-fix.css?vn=1499985483|2013%2F07%2F30%2Ftable-fix.1.css?vn=1460487064&preview=" rel="stylesheet">
			
                <!-- End of Styles from skin -->
                
        <script type="text/javascript">
            var postLoadFunctions = {};
            var foresee_enabled = 1
            var dynamic_yield_enabled = 1
                    </script>
        
        
                <link itemprop="url" rel="canonical" href="https://www.cnbc.com/2017/09/19/business-booms-post-hurricane-harvey-says-real-estate-investment-trust.html" />
        
        
                <!-- comScore Identifier: comscorekw=Real_Estate -->
<script type="text/javascript">
	CNBC_Comscore = 'Real_Estate';
</script>
        <!-- MPS insert_head -->
         	
	<script>
		var mpscall = {
						'site' : 'cnbc.com-relaunch'  ,  

					'content_id' : '104719499'  ,  

					'path' : '/id/104719499'  ,  

					'is_content' : '1'  ,  

					'is_sponsored' : '0'  ,  

					'adunits' : 'Top Banner|Badge A|Badge B|Badge C|Badge D|Flex Ad First|Box Ad 1|Non Iframe Custom|Inline Custom|Movable Box Ad|Responsive Rectangle'  ,  

					'keywords' : '~'  ,  

					'cat' : 'Real Estate'  ,  

					'cag[attribution_source]' : 'CNBC US Source'  ,  

					'cag[attribution_author]' : 'Michelle Fox'  ,  

					'cag[related_primary]' : 'Closing Bell|Camden Property Trust|Real Estate|Foreclosures|Housing|Mortgages|US: News'  ,  

					'cag[configuration_franchise]' : 'Real Estate'  ,  

					'cag[type_source]' : 'CNBC US Source'  ,  

					'cag[type_creator]' : 'Michelle Fox'  ,  

					'cag[type_franchise]' : 'Closing Bell|Real Estate|Foreclosures|Housing|Mortgages|US: News|Real Estate'  ,  

					'cag[type_security]' : 'Camden Property Trust'  ,  

					'cag[brand]' : 'none'  ,  

					'cag[template]' : 'story_simple'  ,  

					'cag[device]' : 'web'  ,  

					'hline' : 'Real Estate'  ,  

					'type' : 'cnbcnewsstory'  ,  

					'template' : 'story_simple'  ,  

					'title' : 'Real estate investment trust sees business booming post-Hurricane Harvey'  ,  

					'pubdate' : '1505861271'  ,  

					'stitle' : 'Camen Trust CEO CB FOX 170919 EC'  ,  

					'byline' : 'Michelle Fox'  ,  

					'subtype' : 'section'  ,  

					'id' : '104719499'  ,  

					'nid' : '104719499'  

		
		}, mpsopts = {
		  
		"host" : 'mps.cnbc.com',
		"updatecorrelator" : true

		};

		var mps = mps || {};
		mps._ext = mps._ext || {};
		mps._adsheld = [];
		mps._queue = mps._queue || {};
		mps._queue.mpsloaded = mps._queue.mpsloaded || [];
		mps._queue.mpsinit = mps._queue.mpsinit || [];
		mps._queue.gptloaded = mps._queue.gptloaded || [];
		mps._queue.adload = mps._queue.adload || [];
		mps._queue.adclone = mps._queue.adclone || [];
		mps._queue.adview = mps._queue.adview || [];
		mps._queue.refreshads = mps._queue.refreshads || [];
		mps.__timer = Date.now ? Date.now() : (function() { return +new Date })();
		mps.__intcode = "v2";
		if (typeof mps.getAd != "function") mps.getAd = function(adunit) {
		    if (typeof adunit != "string") return false;
		    var slotid = "mps-getad-" + adunit.replace(/\W/g, "");
		    if (!mps._ext || !mps._ext.loaded) {
		        mps._queue.gptloaded.push(function() {
		            typeof mps._gptfirst == "function" && mps._gptfirst(adunit, slotid);
		            mps.insertAd("#" + slotid, adunit)
		        });
		        mps._adsheld.push(adunit)
		    }
		    return '<div id="' + slotid + '" class="mps-wrapper" data-mps-fill-slot="' + adunit + '"></div>'
		};
		(function() {
		    head = document.head || document.getElementsByTagName("head")[0], mpsload = document.createElement("script");
		    mpsload.src = "//" + mpsopts.host + "/fetch/ext/load-" + mpscall.site + ".js?nowrite=2";
		    mpsload.id = "mps-load";
		    head.insertBefore(mpsload, head.firstChild)
		})();

	</script>
		
	




        <!-- end of MPS insert_head -->

        <!-- Global insert_head -->
        <!-- MPS Global Head Insert BEGIN -->
<meta name="referrer" content="unsafe-url">
<link rel='apple-touch-icon' href='//fm.cnbc.com/applications/cnbc.com/staticcontent/img/mobile/touch/cnbc-logo-sharing-57.jpg' /> <link rel='apple-touch-icon' sizes='72x72' href='//fm.cnbc.com/applications/cnbc.com/staticcontent/img/mobile/touch/cnbc-logo-sharing-72.jpg' /> <link rel='apple-touch-icon' sizes='114x114' href='//fm.cnbc.com/applications/cnbc.com/staticcontent/img/mobile/touch/cnbc-logo-sharing-114.jpg' />
<!-- MPS Global Head Insert END -->
        <!-- MPS ASYNC Application Component - Desktop Insert HEAD BEGIN -->
<script type="text/javascript">
window.NREUM||(NREUM={}),__nr_require=function(t,e,n){function r(n){if(!e[n]){var o=e[n]={exports:{}};t[n][0].call(o.exports,function(e){var o=t[n][1][e];return r(o||e)},o,o.exports)}return e[n].exports}if("function"==typeof __nr_require)return __nr_require;for(var o=0;o<n.length;o++)r(n[o]);return r}({1:[function(t,e,n){function r(t){try{c.console&&console.log(t)}catch(e){}}var o,i=t("ee"),a=t(19),c={};try{o=localStorage.getItem("__nr_flags").split(","),console&&"function"==typeof console.log&&(c.console=!0,o.indexOf("dev")!==-1&&(c.dev=!0),o.indexOf("nr_dev")!==-1&&(c.nrDev=!0))}catch(s){}c.nrDev&&i.on("internal-error",function(t){r(t.stack)}),c.dev&&i.on("fn-err",function(t,e,n){r(n.stack)}),c.dev&&(r("NR AGENT IN DEVELOPMENT MODE"),r("flags: "+a(c,function(t,e){return t}).join(", ")))},{}],2:[function(t,e,n){function r(t,e,n,r,o){try{d?d-=1:i("err",[o||new UncaughtException(t,e,n)])}catch(c){try{i("ierr",[c,s.now(),!0])}catch(u){}}return"function"==typeof f&&f.apply(this,a(arguments))}function UncaughtException(t,e,n){this.message=t||"Uncaught error with no additional information",this.sourceURL=e,this.line=n}function o(t){i("err",[t,s.now()])}var i=t("handle"),a=t(20),c=t("ee"),s=t("loader"),f=window.onerror,u=!1,d=0;s.features.err=!0,t(1),window.onerror=r;try{throw new Error}catch(p){"stack"in p&&(t(12),t(11),"addEventListener"in window&&t(6),s.xhrWrappable&&t(13),u=!0)}c.on("fn-start",function(t,e,n){u&&(d+=1)}),c.on("fn-err",function(t,e,n){u&&(this.thrown=!0,o(n))}),c.on("fn-end",function(){u&&!this.thrown&&d>0&&(d-=1)}),c.on("internal-error",function(t){i("ierr",[t,s.now(),!0])})},{}],3:[function(t,e,n){t("loader").features.ins=!0},{}],4:[function(t,e,n){function r(){C++,M=y.hash,this[u]=b.now()}function o(){C--,y.hash!==M&&i(0,!0);var t=b.now();this[l]=~~this[l]+t-this[u],this[d]=t}function i(t,e){E.emit("newURL",[""+y,e])}function a(t,e){t.on(e,function(){this[e]=b.now()})}var c="-start",s="-end",f="-body",u="fn"+c,d="fn"+s,p="cb"+c,h="cb"+s,l="jsTime",m="fetch",v="addEventListener",w=window,y=w.location,b=t("loader");if(w[v]&&b.xhrWrappable){var g=t(9),x=t(10),E=t(8),O=t(6),R=t(12),P=t(7),T=t(13),S=t("ee"),N=S.get("tracer");t(14),b.features.spa=!0;var M,j=w[v],C=0;S.on(u,r),S.on(p,r),S.on(d,o),S.on(h,o),S.buffer([u,d,"xhr-done","xhr-resolved"]),O.buffer([u]),R.buffer(["setTimeout"+s,"clearTimeout"+c,u]),T.buffer([u,"new-xhr","send-xhr"+c]),P.buffer([m+c,m+"-done",m+f+c,m+f+s]),E.buffer(["newURL"]),g.buffer([u]),x.buffer(["propagate",p,h,"executor-err","resolve"+c]),N.buffer([u,"no-"+u]),a(T,"send-xhr"+c),a(S,"xhr-resolved"),a(S,"xhr-done"),a(P,m+c),a(P,m+"-done"),E.on("pushState-end",i),E.on("replaceState-end",i),j("hashchange",i,!0),j("load",i,!0),j("popstate",function(){i(0,C>1)},!0)}},{}],5:[function(t,e,n){function r(t){}if(window.performance&&window.performance.timing&&window.performance.getEntriesByType){var o=t("ee"),i=t("handle"),a=t(12),c=t(11),s="learResourceTimings",f="addEventListener",u="resourcetimingbufferfull",d="bstResource",p="resource",h="-start",l="-end",m="fn"+h,v="fn"+l,w="bstTimer",y="pushState",b=t("loader");b.features.stn=!0,t(8);var g=NREUM.o.EV;o.on(m,function(t,e){var n=t[0];n instanceof g&&(this.bstStart=b.now())}),o.on(v,function(t,e){var n=t[0];n instanceof g&&i("bst",[n,e,this.bstStart,b.now()])}),a.on(m,function(t,e,n){this.bstStart=b.now(),this.bstType=n}),a.on(v,function(t,e){i(w,[e,this.bstStart,b.now(),this.bstType])}),c.on(m,function(){this.bstStart=b.now()}),c.on(v,function(t,e){i(w,[e,this.bstStart,b.now(),"requestAnimationFrame"])}),o.on(y+h,function(t){this.time=b.now(),this.startPath=location.pathname+location.hash}),o.on(y+l,function(t){i("bstHist",[location.pathname+location.hash,this.startPath,this.time])}),f in window.performance&&(window.performance["c"+s]?window.performance[f](u,function(t){i(d,[window.performance.getEntriesByType(p)]),window.performance["c"+s]()},!1):window.performance[f]("webkit"+u,function(t){i(d,[window.performance.getEntriesByType(p)]),window.performance["webkitC"+s]()},!1)),document[f]("scroll",r,{passive:!0}),document[f]("keypress",r,!1),document[f]("click",r,!1)}},{}],6:[function(t,e,n){function r(t){for(var e=t;e&&!e.hasOwnProperty(u);)e=Object.getPrototypeOf(e);e&&o(e)}function o(t){c.inPlace(t,[u,d],"-",i)}function i(t,e){return t[1]}var a=t("ee").get("events"),c=t(22)(a,!0),s=t("gos"),f=XMLHttpRequest,u="addEventListener",d="removeEventListener";e.exports=a,"getPrototypeOf"in Object?(r(document),r(window),r(f.prototype)):f.prototype.hasOwnProperty(u)&&(o(window),o(f.prototype)),a.on(u+"-start",function(t,e){var n=t[1],r=s(n,"nr@wrapped",function(){function t(){if("function"==typeof n.handleEvent)return n.handleEvent.apply(n,arguments)}var e={object:t,"function":n}[typeof n];return e?c(e,"fn-",null,e.name||"anonymous"):n});this.wrapped=t[1]=r}),a.on(d+"-start",function(t){t[1]=this.wrapped||t[1]})},{}],7:[function(t,e,n){function r(t,e,n){var r=t[e];"function"==typeof r&&(t[e]=function(){var t=r.apply(this,arguments);return o.emit(n+"start",arguments,t),t.then(function(e){return o.emit(n+"end",[null,e],t),e},function(e){throw o.emit(n+"end",[e],t),e})})}var o=t("ee").get("fetch"),i=t(19);e.exports=o;var a=window,c="fetch-",s=c+"body-",f=["arrayBuffer","blob","json","text","formData"],u=a.Request,d=a.Response,p=a.fetch,h="prototype";u&&d&&p&&(i(f,function(t,e){r(u[h],e,s),r(d[h],e,s)}),r(a,"fetch",c),o.on(c+"end",function(t,e){var n=this;e?e.clone().arrayBuffer().then(function(t){n.rxSize=t.byteLength,o.emit(c+"done",[null,e],n)}):o.emit(c+"done",[t],n)}))},{}],8:[function(t,e,n){var r=t("ee").get("history"),o=t(22)(r);e.exports=r,o.inPlace(window.history,["pushState","replaceState"],"-")},{}],9:[function(t,e,n){var r=t("ee").get("mutation"),o=t(22)(r),i=NREUM.o.MO;e.exports=r,i&&(window.MutationObserver=function(t){return this instanceof i?new i(o(t,"fn-")):i.apply(this,arguments)},MutationObserver.prototype=i.prototype)},{}],10:[function(t,e,n){function r(t){var e=a.context(),n=c(t,"executor-",e),r=new f(n);return a.context(r).getCtx=function(){return e},a.emit("new-promise",[r,e],e),r}function o(t,e){return e}var i=t(22),a=t("ee").get("promise"),c=i(a),s=t(19),f=NREUM.o.PR;e.exports=a,f&&(window.Promise=r,["all","race"].forEach(function(t){var e=f[t];f[t]=function(n){function r(t){return function(){a.emit("propagate",[null,!o],i),o=o||!t}}var o=!1;s(n,function(e,n){Promise.resolve(n).then(r("all"===t),r(!1))});var i=e.apply(f,arguments),c=f.resolve(i);return c}}),["resolve","reject"].forEach(function(t){var e=f[t];f[t]=function(t){var n=e.apply(f,arguments);return t!==n&&a.emit("propagate",[t,!0],n),n}}),f.prototype["catch"]=function(t){return this.then(null,t)},f.prototype=Object.create(f.prototype,{constructor:{value:r}}),s(Object.getOwnPropertyNames(f),function(t,e){try{r[e]=f[e]}catch(n){}}),a.on("executor-start",function(t){t[0]=c(t[0],"resolve-",this),t[1]=c(t[1],"resolve-",this)}),a.on("executor-err",function(t,e,n){t[1](n)}),c.inPlace(f.prototype,["then"],"then-",o),a.on("then-start",function(t,e){this.promise=e,t[0]=c(t[0],"cb-",this),t[1]=c(t[1],"cb-",this)}),a.on("then-end",function(t,e,n){this.nextPromise=n;var r=this.promise;a.emit("propagate",[r,!0],n)}),a.on("cb-end",function(t,e,n){a.emit("propagate",[n,!0],this.nextPromise)}),a.on("propagate",function(t,e,n){this.getCtx&&!e||(this.getCtx=function(){if(t instanceof Promise)var e=a.context(t);return e&&e.getCtx?e.getCtx():this})}),r.toString=function(){return""+f})},{}],11:[function(t,e,n){var r=t("ee").get("raf"),o=t(22)(r),i="equestAnimationFrame";e.exports=r,o.inPlace(window,["r"+i,"mozR"+i,"webkitR"+i,"msR"+i],"raf-"),r.on("raf-start",function(t){t[0]=o(t[0],"fn-")})},{}],12:[function(t,e,n){function r(t,e,n){t[0]=a(t[0],"fn-",null,n)}function o(t,e,n){this.method=n,this.timerDuration=isNaN(t[1])?0:+t[1],t[0]=a(t[0],"fn-",this,n)}var i=t("ee").get("timer"),a=t(22)(i),c="setTimeout",s="setInterval",f="clearTimeout",u="-start",d="-";e.exports=i,a.inPlace(window,[c,"setImmediate"],c+d),a.inPlace(window,[s],s+d),a.inPlace(window,[f,"clearImmediate"],f+d),i.on(s+u,r),i.on(c+u,o)},{}],13:[function(t,e,n){function r(t,e){d.inPlace(e,["onreadystatechange"],"fn-",c)}function o(){var t=this,e=u.context(t);t.readyState>3&&!e.resolved&&(e.resolved=!0,u.emit("xhr-resolved",[],t)),d.inPlace(t,y,"fn-",c)}function i(t){b.push(t),l&&(x?x.then(a):v?v(a):(E=-E,O.data=E))}function a(){for(var t=0;t<b.length;t++)r([],b[t]);b.length&&(b=[])}function c(t,e){return e}function s(t,e){for(var n in t)e[n]=t[n];return e}t(6);var f=t("ee"),u=f.get("xhr"),d=t(22)(u),p=NREUM.o,h=p.XHR,l=p.MO,m=p.PR,v=p.SI,w="readystatechange",y=["onload","onerror","onabort","onloadstart","onloadend","onprogress","ontimeout"],b=[];e.exports=u;var g=window.XMLHttpRequest=function(t){var e=new h(t);try{u.emit("new-xhr",[e],e),e.addEventListener(w,o,!1)}catch(n){try{u.emit("internal-error",[n])}catch(r){}}return e};if(s(h,g),g.prototype=h.prototype,d.inPlace(g.prototype,["open","send"],"-xhr-",c),u.on("send-xhr-start",function(t,e){r(t,e),i(e)}),u.on("open-xhr-start",r),l){var x=m&&m.resolve();if(!v&&!m){var E=1,O=document.createTextNode(E);new l(a).observe(O,{characterData:!0})}}else f.on("fn-end",function(t){t[0]&&t[0].type===w||a()})},{}],14:[function(t,e,n){function r(t){var e=this.params,n=this.metrics;if(!this.ended){this.ended=!0;for(var r=0;r<d;r++)t.removeEventListener(u[r],this.listener,!1);if(!e.aborted){if(n.duration=a.now()-this.startTime,4===t.readyState){e.status=t.status;var i=o(t,this.lastSize);if(i&&(n.rxSize=i),this.sameOrigin){var s=t.getResponseHeader("X-NewRelic-App-Data");s&&(e.cat=s.split(", ").pop())}}else e.status=0;n.cbTime=this.cbTime,f.emit("xhr-done",[t],t),c("xhr",[e,n,this.startTime])}}}function o(t,e){var n=t.responseType;if("json"===n&&null!==e)return e;var r="arraybuffer"===n||"blob"===n||"json"===n?t.response:t.responseText;return l(r)}function i(t,e){var n=s(e),r=t.params;r.host=n.hostname+":"+n.port,r.pathname=n.pathname,t.sameOrigin=n.sameOrigin}var a=t("loader");if(a.xhrWrappable){var c=t("handle"),s=t(15),f=t("ee"),u=["load","error","abort","timeout"],d=u.length,p=t("id"),h=t(18),l=t(17),m=window.XMLHttpRequest;a.features.xhr=!0,t(13),f.on("new-xhr",function(t){var e=this;e.totalCbs=0,e.called=0,e.cbTime=0,e.end=r,e.ended=!1,e.xhrGuids={},e.lastSize=null,h&&(h>34||h<10)||window.opera||t.addEventListener("progress",function(t){e.lastSize=t.loaded},!1)}),f.on("open-xhr-start",function(t){this.params={method:t[0]},i(this,t[1]),this.metrics={}}),f.on("open-xhr-end",function(t,e){"loader_config"in NREUM&&"xpid"in NREUM.loader_config&&this.sameOrigin&&e.setRequestHeader("X-NewRelic-ID",NREUM.loader_config.xpid)}),f.on("send-xhr-start",function(t,e){var n=this.metrics,r=t[0],o=this;if(n&&r){var i=l(r);i&&(n.txSize=i)}this.startTime=a.now(),this.listener=function(t){try{"abort"===t.type&&(o.params.aborted=!0),("load"!==t.type||o.called===o.totalCbs&&(o.onloadCalled||"function"!=typeof e.onload))&&o.end(e)}catch(n){try{f.emit("internal-error",[n])}catch(r){}}};for(var c=0;c<d;c++)e.addEventListener(u[c],this.listener,!1)}),f.on("xhr-cb-time",function(t,e,n){this.cbTime+=t,e?this.onloadCalled=!0:this.called+=1,this.called!==this.totalCbs||!this.onloadCalled&&"function"==typeof n.onload||this.end(n)}),f.on("xhr-load-added",function(t,e){var n=""+p(t)+!!e;this.xhrGuids&&!this.xhrGuids[n]&&(this.xhrGuids[n]=!0,this.totalCbs+=1)}),f.on("xhr-load-removed",function(t,e){var n=""+p(t)+!!e;this.xhrGuids&&this.xhrGuids[n]&&(delete this.xhrGuids[n],this.totalCbs-=1)}),f.on("addEventListener-end",function(t,e){e instanceof m&&"load"===t[0]&&f.emit("xhr-load-added",[t[1],t[2]],e)}),f.on("removeEventListener-end",function(t,e){e instanceof m&&"load"===t[0]&&f.emit("xhr-load-removed",[t[1],t[2]],e)}),f.on("fn-start",function(t,e,n){e instanceof m&&("onload"===n&&(this.onload=!0),("load"===(t[0]&&t[0].type)||this.onload)&&(this.xhrCbStart=a.now()))}),f.on("fn-end",function(t,e){this.xhrCbStart&&f.emit("xhr-cb-time",[a.now()-this.xhrCbStart,this.onload,e],e)})}},{}],15:[function(t,e,n){e.exports=function(t){var e=document.createElement("a"),n=window.location,r={};e.href=t,r.port=e.port;var o=e.href.split("://");!r.port&&o[1]&&(r.port=o[1].split("/")[0].split("@").pop().split(":")[1]),r.port&&"0"!==r.port||(r.port="https"===o[0]?"443":"80"),r.hostname=e.hostname||n.hostname,r.pathname=e.pathname,r.protocol=o[0],"/"!==r.pathname.charAt(0)&&(r.pathname="/"+r.pathname);var i=!e.protocol||":"===e.protocol||e.protocol===n.protocol,a=e.hostname===document.domain&&e.port===n.port;return r.sameOrigin=i&&(!e.hostname||a),r}},{}],16:[function(t,e,n){function r(){}function o(t,e,n){return function(){return i(t,[f.now()].concat(c(arguments)),e?null:this,n),e?void 0:this}}var i=t("handle"),a=t(19),c=t(20),s=t("ee").get("tracer"),f=t("loader"),u=NREUM;"undefined"==typeof window.newrelic&&(newrelic=u);var d=["setPageViewName","setCustomAttribute","setErrorHandler","finished","addToTrace","inlineHit","addRelease"],p="api-",h=p+"ixn-";a(d,function(t,e){u[e]=o(p+e,!0,"api")}),u.addPageAction=o(p+"addPageAction",!0),u.setCurrentRouteName=o(p+"routeName",!0),e.exports=newrelic,u.interaction=function(){return(new r).get()};var l=r.prototype={createTracer:function(t,e){var n={},r=this,o="function"==typeof e;return i(h+"tracer",[f.now(),t,n],r),function(){if(s.emit((o?"":"no-")+"fn-start",[f.now(),r,o],n),o)try{return e.apply(this,arguments)}finally{s.emit("fn-end",[f.now()],n)}}}};a("setName,setAttribute,save,ignore,onEnd,getContext,end,get".split(","),function(t,e){l[e]=o(h+e)}),newrelic.noticeError=function(t){"string"==typeof t&&(t=new Error(t)),i("err",[t,f.now()])}},{}],17:[function(t,e,n){e.exports=function(t){if("string"==typeof t&&t.length)return t.length;if("object"==typeof t){if("undefined"!=typeof ArrayBuffer&&t instanceof ArrayBuffer&&t.byteLength)return t.byteLength;if("undefined"!=typeof Blob&&t instanceof Blob&&t.size)return t.size;if(!("undefined"!=typeof FormData&&t instanceof FormData))try{return JSON.stringify(t).length}catch(e){return}}}},{}],18:[function(t,e,n){var r=0,o=navigator.userAgent.match(/Firefox[/s](d+.d+)/);o&&(r=+o[1]),e.exports=r},{}],19:[function(t,e,n){function r(t,e){var n=[],r="",i=0;for(r in t)o.call(t,r)&&(n[i]=e(r,t[r]),i+=1);return n}var o=Object.prototype.hasOwnProperty;e.exports=r},{}],20:[function(t,e,n){function r(t,e,n){e||(e=0),"undefined"==typeof n&&(n=t?t.length:0);for(var r=-1,o=n-e||0,i=Array(o<0?0:o);++r<o;)i[r]=t[e+r];return i}e.exports=r},{}],21:[function(t,e,n){e.exports={exists:"undefined"!=typeof window.performance&&window.performance.timing&&"undefined"!=typeof window.performance.timing.navigationStart}},{}],22:[function(t,e,n){function r(t){return!(t&&t instanceof Function&&t.apply&&!t[a])}var o=t("ee"),i=t(20),a="nr@original",c=Object.prototype.hasOwnProperty,s=!1;e.exports=function(t,e){function n(t,e,n,o){function nrWrapper(){var r,a,c,s;try{a=this,r=i(arguments),c="function"==typeof n?n(r,a):n||{}}catch(f){p([f,"",[r,a,o],c])}u(e+"start",[r,a,o],c);try{return s=t.apply(a,r)}catch(d){throw u(e+"err",[r,a,d],c),d}finally{u(e+"end",[r,a,s],c)}}return r(t)?t:(e||(e=""),nrWrapper[a]=t,d(t,nrWrapper),nrWrapper)}function f(t,e,o,i){o||(o="");var a,c,s,f="-"===o.charAt(0);for(s=0;s<e.length;s++)c=e[s],a=t[c],r(a)||(t[c]=n(a,f?c+o:o,i,c))}function u(n,r,o){if(!s||e){var i=s;s=!0;try{t.emit(n,r,o,e)}catch(a){p([a,n,r,o])}s=i}}function d(t,e){if(Object.defineProperty&&Object.keys)try{var n=Object.keys(t);return n.forEach(function(n){Object.defineProperty(e,n,{get:function(){return t[n]},set:function(e){return t[n]=e,e}})}),e}catch(r){p([r])}for(var o in t)c.call(t,o)&&(e[o]=t[o]);return e}function p(e){try{t.emit("internal-error",e)}catch(n){}}return t||(t=o),n.inPlace=f,n.flag=a,n}},{}],ee:[function(t,e,n){function r(){}function o(t){function e(t){return t&&t instanceof r?t:t?s(t,c,i):i()}function n(n,r,o,i){if(!p.aborted||i){t&&t(n,r,o);for(var a=e(o),c=l(n),s=c.length,f=0;f<s;f++)c[f].apply(a,r);var d=u[y[n]];return d&&d.push([b,n,r,a]),a}}function h(t,e){w[t]=l(t).concat(e)}function l(t){return w[t]||[]}function m(t){return d[t]=d[t]||o(n)}function v(t,e){f(t,function(t,n){e=e||"feature",y[n]=e,e in u||(u[e]=[])})}var w={},y={},b={on:h,emit:n,get:m,listeners:l,context:e,buffer:v,abort:a,aborted:!1};return b}function i(){return new r}function a(){(u.api||u.feature)&&(p.aborted=!0,u=p.backlog={})}var c="nr@context",s=t("gos"),f=t(19),u={},d={},p=e.exports=o();p.backlog=u},{}],gos:[function(t,e,n){function r(t,e,n){if(o.call(t,e))return t[e];var r=n();if(Object.defineProperty&&Object.keys)try{return Object.defineProperty(t,e,{value:r,writable:!0,enumerable:!1}),r}catch(i){}return t[e]=r,r}var o=Object.prototype.hasOwnProperty;e.exports=r},{}],handle:[function(t,e,n){function r(t,e,n,r){o.buffer([t],r),o.emit(t,e,n)}var o=t("ee").get("handle");e.exports=r,r.ee=o},{}],id:[function(t,e,n){function r(t){var e=typeof t;return!t||"object"!==e&&"function"!==e?-1:t===window?0:a(t,i,function(){return o++})}var o=1,i="nr@id",a=t("gos");e.exports=r},{}],loader:[function(t,e,n){function r(){if(!x++){var t=g.info=NREUM.info,e=p.getElementsByTagName("script")[0];if(setTimeout(u.abort,3e4),!(t&&t.licenseKey&&t.applicationID&&e))return u.abort();f(y,function(e,n){t[e]||(t[e]=n)}),s("mark",["onload",a()+g.offset],null,"api");var n=p.createElement("script");n.src="https://"+t.agent,e.parentNode.insertBefore(n,e)}}function o(){"complete"===p.readyState&&i()}function i(){s("mark",["domContent",a()+g.offset],null,"api")}function a(){return E.exists&&performance.now?Math.round(performance.now()):(c=Math.max((new Date).getTime(),c))-g.offset}var c=(new Date).getTime(),s=t("handle"),f=t(19),u=t("ee"),d=window,p=d.document,h="addEventListener",l="attachEvent",m=d.XMLHttpRequest,v=m&&m.prototype;NREUM.o={ST:setTimeout,SI:d.setImmediate,CT:clearTimeout,XHR:m,REQ:d.Request,EV:d.Event,PR:d.Promise,MO:d.MutationObserver};var w=""+location,y={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net",agent:"js-agent.newrelic.com/nr-spa-1039.min.js"},b=m&&v&&v[h]&&!/CriOS/.test(navigator.userAgent),g=e.exports={offset:c,now:a,origin:w,features:{},xhrWrappable:b};t(16),p[h]?(p[h]("DOMContentLoaded",i,!1),d[h]("load",r,!1)):(p[l]("onreadystatechange",o),d[l]("onload",r)),s("mark",["firstbyte",c],null,"api");var x=0,E=t(21)},{}]},{},["loader",2,14,5,3,4]);
;NREUM.info={beacon:"bam.nr-data.net",errorBeacon:"bam.nr-data.net",licenseKey:"356631dc7f",applicationID:"22258555",sa:1}
</script>
<script type="text/javascript">
var admantx_url =
document.addEventListener("DOMContentLoaded", function(event) {
  mps._queue.mpsloaded.push(function(){
    mps._log('**** LOADED: cnbc-cms-header-insert');
    if (window.mps) {
        if (window.CNBC_Premium && CNBC_Premium.isPremium && document.cookie.indexOf('ispro=true') == -1 && (mps.pagevars.type!="franchise")) {
          mps.nlformtypes = mps.nlformtypes || [];
          mps.nlformtypes.push('paywall');
        }

        //<!-- Omniture s_code path -->
        mps.scodePath="//fm.cnbc.com/applications/cnbc.com/staticcontent/scripts/omniture/s_code.js?v=1.6.4.1";
        //<!-- end: Omniture s_code path -->

        //<!-- Google PII Fix BEGIN -->
        mps._queue.mpsinit.push(function() {
          (function(){
            mps._urlContainsEmail = function() {
              var _qs = window.location.href;
              if (!_qs) {
                return false;
              }
              var _regex = /([^=&/<>()[].,;:s@"]+(.[^=&/<>()[].,;:s@"]+)*)@(([[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}.[0-9]{1,3}])|(([a-zA-Z-0-9]+.)+[a-zA-Z]{2,}))/;
              return _regex.test(_qs);
            };
            if (mps._urlContainsEmail()) {
              mps._debug('[MPS]: email address detected in url, bypass gpt.');
              if (mps.response && mps.response.dart && typeof(mps.response.dart.adunits) === 'object') {
                if (typeof(window._mpspixZ) != 'string') {
                  window._mpspixZ = (function(a){var b="abcdefghiklmnopqrstuvwxyz".split("");a||(a=Math.floor(Math.random()*b.length));for(var c="",d=0;d<a;d++)c+=b[Math.floor(Math.random()*b.length)];return c})(12)
                }
                for (var i in mps.response.dart.adunits) {
                  var pixelurl = ((document.location.protocol === 'https') ? 'https' : 'http') + '://pix.nbcuni.com/a-pii.gif?X=piiblock&S=' + mps.pagevars.instance + '&P=' + mps.pagevars.mpsid + '&A=' + i + '&U=' + encodeURIComponent(window.location.href) + '&_=' + window._mpspixZ;
                  mps.response.dart.adunits[i].data = '<img id="div-gpt-x-0" class="mps-slot" data-mps-slot="x" data-mps-loadset="0" style="width:0;height:0;margin:0;padding:0;border:0;display:none;" src="' + pixelurl + '"/>';
                }
              }
              mps.cloneAd = function() { return false; }
              return true;
            } else {
              return false;
            }
          })();
        });
        //<!-- Google PII Fix END -->
   }
 });
});
</script>

<!-- Piano Ad Block Detection: BEGIN -->
<script>
    var setAdblockerCookie = function(adblocker) {
        var d = new Date();
        d.setTime(d.getTime() + 60 * 60 * 24 * 30 * 1000);
        document.cookie = "__adblocker=" + (adblocker ? "true" : "false") + "; expires=" + d.toUTCString() + "; path=/";
    }
    var script = document.createElement("script");
    script.setAttribute("async", true);
    script.setAttribute("src", "//www.npttech.com/advertising.js");
    script.setAttribute("onerror", "setAdblockerCookie(true);");
    script.setAttribute("onload", "setAdblockerCookie(false);");
    document.getElementsByTagName("head")[0].appendChild(script);
</script>
<!-- Piano Ad Block Detection: END -->
<!-- ADmantX Head Insert Begin -->
<script>
    var admantx_url = ('https:'==document.location.protocol?'https:':'http:')+'//usasync01.admantx.com/admantx/service?request=' + escape('{"decorator":"template.nbc_template","key":"62263fff3cc1d07f85c7f8261a0c8f7dc096b35f59c82a713f20a9db8d562ff2","method":"descriptor","filter":"default","mode":"async","type":"URL","body":"' + escape(document.location.href) + '"}');

    function admantx_callback(data) {
        if (top.__nbcudigitaladops_inject && top.__nbcudigitaladops_inject.dtprm) {
            if (data && data.admants) {
                if (data.status == "OK") {
                    for (var x = 0; x < data.admants.length; x++) {
                        var kv = 'adg=' + data.admants[x] + ';';
                        top.__nbcudigitaladops_inject.dtprm(kv)
                    }
                } else {
                    top.__nbcudigitaladops_inject.dtprm("asg=othererror;")
                }
            }
        }
    }
    (function() {
        var sct = document.createElement('script');
        sct.src = admantx_url;
        sct.type = 'text/javascript';
        sct.async = 'true';
        var domel = document.getElementsByTagName('script')[0];
        domel.parentNode.insertBefore(sct, domel);
    })();
</script>
<!-- ADmantX Head Insert End -->
<!-- Universal Player Compatibility for IE11 BEGIN -->
<script>
  if(typeof window.MediaSource !== 'function') {
    if(typeof document.getElementsByTagName('meta')['tp:PreferredRuntimes'] === 'object') {
        document.getElementsByTagName('meta')['tp:PreferredRuntimes'].setAttribute("content", "flash,html5");
    }
}
</script>
<!-- Universal Player Compatibility for IE11 END -->
<!-- MPS ASYNC Application Component - Desktop Insert HEAD END -->
        <!-- End Global insert_head -->
                
    <script  type="text/javascript" src= "//www.cnbc.com/staticContent/showads.js"></script>

    
    
    <!-- <script  type="text/javascript" src= "//www.cnbc.com/staticContent/showads.js"></script> -->
    </head>
    <body id="page_story_simple" class='web cnbc large  '>
         
         
        

        
<div class="dart_wrapper dart_ads_noniframe_noniframecustom  badge-ad" id="dart_wrapper_noniframecustom">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_noniframecustom', 'noniframecustom'));	
	});
	</script> 
</div>
        <!-- begin mps section -->
        
        <!-- end mps section -->

        <!-- BEGIN FRAME -->
            
            <div id="cnbc-contents" class="cnbc-contents">
                
                                                        
                
                                                                                
                    
                                                                                                                
                    <!--BEGIN HEADER -->
<!--for different templates--><!--for different templates--><header id="cnbc-new-header" class=""><div class="main-header"><div class="header-content"><a href="//www.cnbc.com"><img id="cnbc-logo" src="//sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/cnbc-hdr-logo2.png" width="189" height="49" title="CNBC" alt="CNBC" /></a><div class="symbol-search"><div class="input-container"><input placeholder="Search Quotes, News &amp; Video"><span class="lookup"><a class="btn-lookup" href="javascript:void(0)"><i class="fa fa-search fa-2"></i></a></span><span class="close-search"><a class="btn-lookup-close" href="javascript:void(0)"><i class="fa fa-times fa-2"></i></a></span></div><div class="lookup-results hide"><ul class="lookup-list"></ul></div></div><div class="ad">
<div class="dart_wrapper dart_ads_noniframe_badgea  badge-ad" id="dart_wrapper_badgea">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_badgea', 'badgea'));	
	});
	</script> 
</div></div><div class="promo_heavy_container"><div id="promo_100009896_heavy_container" class="promo_heavy_container"></div></div></div></div><div class="main-header-nav"><div class="header-nav-content"><nav class="cnbc-menu">












<script type="text/javascript">window.cnbc = window.cnbc || {};window.cnbc.config = window.cnbc.config || {};window.cnbc.config.product = "web";window.cnbc.config.isWeekendMode = false;</script><a id="sm-logo" href="//www.cnbc.com"><img src="//sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/cnbc-hdr-logo2.png" width="123"></a><ul id="nav"><li class="site-set"><a href="//www.cnbc.com/" class="nav-home" data-onclick="#"><span class="homeLabel">HOME</span><span class="icon arrow-down"><i class="fa fa-chevron-down fa-1"></i></span></a><ul class="home-geo-container"><li>EDITION</li></ul></li>	<li class="news"><a data-trkNavAttr="navigation:news:news:104719499" href="//www.cnbc.com/us-news/" class="expandable">News</a><ul>	<li ><a data-trkNavAttr="navigation:news:economy:104719499" href="//www.cnbc.com/economy/">Economy</a></li>
	<li ><a data-trkNavAttr="navigation:news:finance:104719499" href="//www.cnbc.com/finance/">Finance</a></li>
	<li ><a data-trkNavAttr="navigation:news:healthcare:104719499" href="//www.cnbc.com/health-care/">Health Care</a></li>
	<li ><a data-trkNavAttr="navigation:news:realestate:104719499" href="//www.cnbc.com/real-estate/">Real Estate</a></li>
	<li ><a data-trkNavAttr="navigation:news:wealth:104719499" href="//www.cnbc.com/wealth/">Wealth</a></li>
	<li ><a data-trkNavAttr="navigation:news:autos:104719499" href="//www.cnbc.com/autos/">Autos</a></li>
	<li ><a data-trkNavAttr="navigation:news:earnings:104719499" href="//www.cnbc.com/earnings/">Earnings</a></li>
	<li ><a data-trkNavAttr="navigation:news:energy:104719499" href="//www.cnbc.com/energy/">Energy</a></li>
	<li ><a data-trkNavAttr="navigation:news:news-life:104719499" href="//www.cnbc.com/life/">Life</a></li>
	<li ><a data-trkNavAttr="navigation:news:media:104719499" href="//www.cnbc.com/media/">Media</a></li>
	<li ><a data-trkNavAttr="navigation:news:politics:104719499" href="//www.cnbc.com/politics/">Politics</a></li>
	<li ><a data-trkNavAttr="navigation:news:retail:104719499" href="//www.cnbc.com/retail/">Retail</a></li>
	<li ><a data-trkNavAttr="navigation:news:commentary:104719499" href="//www.cnbc.com/commentary/">Commentary</a></li>
	<li ><a data-trkNavAttr="navigation:news:specialreports:104719499" href="//www.cnbc.com/special-reports/">Special Reports</a></li>
	<li ><a data-trkNavAttr="navigation:news:asia:104719499" href="//www.cnbc.com/asia-news/">Asia</a></li>
	<li ><a data-trkNavAttr="navigation:news:europe:104719499" href="//www.cnbc.com/europe-news/">Europe</a></li>
	<li ><a data-trkNavAttr="navigation:news:cfo-council:104719499" href="//www.cnbc.com/global-cfo-council/">CFO Council</a></li>
</ul></li>
	<li class="markets"><a data-trkNavAttr="navigation:markets:markets:104719499" href="//www.cnbc.com/markets/" class="expandable">Markets</a><ul>	<li ><a data-trkNavAttr="navigation:markets:premarkets:104719499" href="//www.cnbc.com/pre-markets/">Pre-Markets</a></li>
	<li ><a data-trkNavAttr="navigation:markets:us:104719499" href="//www.cnbc.com/us-markets/">U.S.</a></li>
	<li ><a data-trkNavAttr="navigation:markets:asia:104719499" href="//www.cnbc.com/markets-asia-pacific/">Asia</a></li>
	<li ><a data-trkNavAttr="navigation:markets:europe:104719499" href="//www.cnbc.com/markets-europe/">Europe</a></li>
	<li ><a data-trkNavAttr="navigation:markets:stocks:104719499" href="//www.cnbc.com/stocks/">Stocks</a></li>
	<li ><a data-trkNavAttr="navigation:markets:commodities:104719499" href="//www.cnbc.com/commodities/">Commodities</a></li>
	<li ><a data-trkNavAttr="navigation:markets:currencies:104719499" href="//www.cnbc.com/currencies/">Currencies</a></li>
	<li ><a data-trkNavAttr="navigation:markets:bonds:104719499" href="//www.cnbc.com/bonds/">Bonds</a></li>
	<li ><a data-trkNavAttr="navigation:markets:funds:104719499" href="//www.cnbc.com/mutual-funds/">Funds</a></li>
	<li ><a data-trkNavAttr="navigation:markets:etfs:104719499" href="//www.cnbc.com/exchange-traded-funds/">ETFs</a></li>
</ul></li>
	<li class="investing"><a data-trkNavAttr="navigation:investing:investing:104719499" href="//www.cnbc.com/investing/" class="expandable">Investing</a><ul>	<li ><a data-trkNavAttr="navigation:investing:tradingnation:104719499" href="//www.cnbc.com/trading-nation/">Trading Nation</a></li>
	<li ><a data-trkNavAttr="navigation:investing:tradingtalk:104719499" href="//www.cnbc.com/trader-talk/">Trader Talk</a></li>
	<li ><a data-trkNavAttr="navigation:investing:financialadvisors:104719499" href="//www.cnbc.com/financial-advisors/">Financial Advisors</a></li>
	<li ><a data-trkNavAttr="navigation:investing:personalfinance:104719499" href="//www.cnbc.com/personal-finance/">Personal Finance</a></li>
	<li ><a data-trkNavAttr="navigation:investing:etf-street:104719499" href="//www.cnbc.com/etf-street/">Etf Street</a></li>
	<li ><a data-trkNavAttr="navigation:investing:portfolio:104719499" href="http://portfolio.cnbc.com/">Portfolio</a></li>
	<li ><a data-trkNavAttr="navigation:investing:watchlist:104719499" href="//watchlist.cnbc.com/">Watchlist</a></li>
	<li ><a data-trkNavAttr="navigation:investing:stockscreener:104719499" href="//www.cnbc.com/id/15839076">Stock Screener</a></li>
	<li ><a data-trkNavAttr="navigation:investing:fundscreener:104719499" href="//www.cnbc.com/id/15839074">Fund Screener</a></li>
</ul></li>
	<li class="tech"><a data-trkNavAttr="navigation:tech:tech:104719499" href="//www.cnbc.com/technology/" class="expandable">Tech</a><ul>	<li ><a data-trkNavAttr="navigation:tech:mobile:104719499" href="//www.cnbc.com/mobile/">Mobile</a></li>
	<li ><a data-trkNavAttr="navigation:tech:socialmedia:104719499" href="//www.cnbc.com/social-media/">Social Media</a></li>
	<li ><a data-trkNavAttr="navigation:tech:enterprise:104719499" href="//www.cnbc.com/enterprise/">Enterprise</a></li>
	<li ><a data-trkNavAttr="navigation:tech:gaming:104719499" href="//www.cnbc.com/gaming/">Gaming</a></li>
	<li ><a data-trkNavAttr="navigation:tech:cybersecurity:104719499" href="//www.cnbc.com/cybersecurity/">Cybersecurity</a></li>
	<li ><a data-trkNavAttr="navigation:tech:tech-guide:104719499" href="//www.cnbc.com/tech-guide/">Tech Guide</a></li>
</ul></li>
	<li class="makeit"><a data-trkNavAttr="navigation:makeit:makeit:104719499" href="//www.cnbc.com/make-it/" class="expandable">Make It</a><ul>	<li ><a data-trkNavAttr="navigation:makeit:entrepreneurs:104719499" href="//www.cnbc.com/make-it/entrepreneurs/">Entrepreneurs</a></li>
	<li ><a data-trkNavAttr="navigation:makeit:leadership:104719499" href="//www.cnbc.com/make-it/leadership/">Leadership</a></li>
	<li ><a data-trkNavAttr="navigation:makeit:careers:104719499" href="//www.cnbc.com/make-it/careers/">Careers</a></li>
	<li ><a data-trkNavAttr="navigation:makeit:money:104719499" href="//www.cnbc.com/make-it/money/">Money</a></li>
	<li ><a data-trkNavAttr="navigation:makeit:specials:104719499" href="//www.cnbc.com/make-it/special-reports/">Specials</a></li>
	<li ><a data-trkNavAttr="navigation:makeit:primetime:104719499" href="//www.cnbc.com/make-it/shows/">Primetime</a></li>
</ul></li>
	<li class="video"><a data-trkNavAttr="navigation:video:video:104719499" href="//www.cnbc.com/video/" class="expandable">Video</a><ul>	<li ><a data-trkNavAttr="navigation:video:topvideo:104719499" href="//www.cnbc.com/top-video/">Top Video</a></li>
	<li ><a data-trkNavAttr="navigation:video:latestvideo:104719499" href="//www.cnbc.com/video-all/">Latest Video</a></li>
	<li ><a data-trkNavAttr="navigation:video:usvideo:104719499" href="//www.cnbc.com/us-video/">U.S. Video</a></li>
	<li ><a data-trkNavAttr="navigation:video:asiavideo:104719499" href="//www.cnbc.com/asia-video/">Asia Video</a></li>
	<li ><a data-trkNavAttr="navigation:video:europevideo:104719499" href="//www.cnbc.com/europe-video/">Europe Video</a></li>
	<li ><a data-trkNavAttr="navigation:video:ceointerviews:104719499" href="//www.cnbc.com/video-ceo-interviews/">CEO Interviews</a></li>
	<li ><a data-trkNavAttr="navigation:video:analystinterviews:104719499" href="//www.cnbc.com/video-analyst-interviews/">Analyst Interviews</a></li>
	<li ><a data-trkNavAttr="navigation:video:fullepisodes:104719499" href="http://www.cnbc.com/live-tv/">Full Episodes</a></li>
</ul></li>
	<li class="shows"><a data-trkNavAttr="navigation:shows:shows:104719499" href="//www.cnbc.com/tv-worldwide/" class="expandable">Shows</a><ul>	<li ><a data-trkNavAttr="navigation:shows:watchlive:104719499" href="http://www.cnbc.com/live-tv/">Watch Live</a></li>
	<li ><a data-trkNavAttr="navigation:shows:cnbcus:104719499" href="//www.cnbc.com/tv-worldwide/">CNBC U.S. Business Day</a></li>
	<li ><a data-trkNavAttr="navigation:shows:cnbcusprime:104719499" href="//www.cnbc.com/make-it/shows/">CNBC U.S. Primetime</a></li>
	<li ><a data-trkNavAttr="navigation:shows:cnbcasiapacific:104719499" href="//www.cnbc.com/asia-business-day/">CNBC Asia-Pacific</a></li>
	<li ><a data-trkNavAttr="navigation:shows:cnbceurope:104719499" href="//www.cnbc.com/europe-television/">CNBC Europe</a></li>
	<li ><a data-trkNavAttr="navigation:shows:cnbcworld:104719499" href="//www.cnbc.com/global-television-shows/">CNBC World</a></li>
	<li ><a data-trkNavAttr="navigation:shows:fullepisodes:104719499" href="http://www.cnbc.com/live-tv/">Full Episodes</a></li>
</ul></li>
<li class="more"><div id="hamburger" class="hamburger-menu"><span></span><span></span><span></span></div><a href="javascript:void(0)" class="singleton">More</a><div class="more-container"><div class="more-nav grid"><div class="grid-cell cell1"><div class="grid-col"><ul class="more-mobile-login more"><ul class="log-info unreg-user more"><li id="mobile-signin"><a href="//www.cnbc.com/application/generic/?action=signin">Log In</a></li><li class="pipe"><span>|</span></li><li id="mobile-signup" class="cnbcRegister"><a href="//www.cnbc.com/application/generic/?action=signup">Register</a></li></ul><ul class="log-info reg-user more hide"><li id="mobile-logout"><a href="javascript:void(0);">Log Out</a></li></ul></ul><ul class="more-news more"><li class="header"><a data-trkNavAttr="navigation:more:news:104719499" href="//www.cnbc.com/us-news/" class="expandable">News</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="economy">
		<a href="//www.cnbc.com/economy/"  data-trkNavAttr="navigation:more:economy:104719499">
			Economy
					</a>
	</li>
																	<li class="finance">
		<a href="//www.cnbc.com/finance/"  data-trkNavAttr="navigation:more:finance:104719499">
			Finance
					</a>
	</li>
																	<li class="healthcare">
		<a href="//www.cnbc.com/health-care/"  data-trkNavAttr="navigation:more:healthcare:104719499">
			Health Care
					</a>
	</li>
																	<li class="realestate">
		<a href="//www.cnbc.com/real-estate/"  data-trkNavAttr="navigation:more:realestate:104719499">
			Real Estate
					</a>
	</li>
																	<li class="wealth">
		<a href="//www.cnbc.com/wealth/"  data-trkNavAttr="navigation:more:wealth:104719499">
			Wealth
					</a>
	</li>
																	<li class="autos">
		<a href="//www.cnbc.com/autos/"  data-trkNavAttr="navigation:more:autos:104719499">
			Autos
					</a>
	</li>
																	<li class="news-consumer">
		<a href="//www.cnbc.com/consumers/"  data-trkNavAttr="navigation:more:news-consumer:104719499">
			Consumer
					</a>
	</li>
																	<li class="earnings">
		<a href="//www.cnbc.com/earnings/"  data-trkNavAttr="navigation:more:earnings:104719499">
			Earnings
					</a>
	</li>
																	<li class="energy">
		<a href="//www.cnbc.com/energy/"  data-trkNavAttr="navigation:more:energy:104719499">
			Energy
					</a>
	</li>
																	<li class="news-life">
		<a href="//www.cnbc.com/life/"  data-trkNavAttr="navigation:more:news-life:104719499">
			Life
					</a>
	</li>
																	<li class="media">
		<a href="//www.cnbc.com/media/"  data-trkNavAttr="navigation:more:media:104719499">
			Media
					</a>
	</li>
																	<li class="politics">
		<a href="//www.cnbc.com/politics/"  data-trkNavAttr="navigation:more:politics:104719499">
			Politics
					</a>
	</li>
																	<li class="retail">
		<a href="//www.cnbc.com/retail/"  data-trkNavAttr="navigation:more:retail:104719499">
			Retail
					</a>
	</li>
																	<li class="commentary">
		<a href="//www.cnbc.com/commentary/"  data-trkNavAttr="navigation:more:commentary:104719499">
			Commentary
					</a>
	</li>
																	<li class="specialreports">
		<a href="//www.cnbc.com/special-reports/"  data-trkNavAttr="navigation:more:specialreports:104719499">
			Special Reports
					</a>
	</li>
																	<li class="asia">
		<a href="//www.cnbc.com/asia-news/"  data-trkNavAttr="navigation:more:asia:104719499">
			Asia
					</a>
	</li>
																	<li class="europe">
		<a href="//www.cnbc.com/europe-news/"  data-trkNavAttr="navigation:more:europe:104719499">
			Europe
					</a>
	</li>
																	<li class="cfo-council">
		<a href="//www.cnbc.com/global-cfo-council/"  data-trkNavAttr="navigation:more:cfo-council:104719499">
			CFO Council
					</a>
	</li>
</ul></li></ul></div><div class="grid-col"><ul class="more-pro more"><li class="header"><a data-trkNavAttr="navigation:more:pro:104719499" href="//www.cnbc.com/pro" class="expandable">Pro</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="viewall">
		<a href="//www.cnbc.com/pro"  data-trkNavAttr="navigation:more:viewall:104719499">
			View All
					</a>
	</li>
																	<li class="pro_franchise">
		<a href="//www.cnbc.com/pro-story"  data-trkNavAttr="navigation:more:pro_franchise:104719499">
			News & Analysis
					</a>
	</li>
																	<li class="provideo">
		<a href="//www.cnbc.com/pro-video"  data-trkNavAttr="navigation:more:provideo:104719499">
			Video
					</a>
	</li>
																	<li class="protalks">
		<a href="//www.cnbc.com/protalks"  data-trkNavAttr="navigation:more:protalks:104719499">
			PRO Talks
					</a>
	</li>
																	<li class="prouncut">
		<a href="//www.cnbc.com/pro-uncut"  data-trkNavAttr="navigation:more:prouncut:104719499">
			PRO Uncut
					</a>
	</li>
																	<li class="kensho">
		<a href="//www.cnbc.com/kensho"  data-trkNavAttr="navigation:more:kensho:104719499">
			Kensho Stats
					</a>
	</li>
														<li class="take_tour">
		<a href="javascript:void(0)" id="pro-tour" >
			Take a Tour
					</a>
	</li>
																	<li class="subscribe2">
		<a href="//www.cnbc.com/application/pro"  data-trkNavAttr="navigation:more:subscribe2:104719499">
			Subscribe
					</a>
	</li>
</ul></li></ul><ul class="more-markets more"><li class="header"><a data-trkNavAttr="navigation:more:markets:104719499" href="//www.cnbc.com/markets/" class="expandable">Markets</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="premarkets">
		<a href="//www.cnbc.com/pre-markets/"  data-trkNavAttr="navigation:more:premarkets:104719499">
			Pre-Markets
					</a>
	</li>
																	<li class="us">
		<a href="//www.cnbc.com/us-markets/"  data-trkNavAttr="navigation:more:us:104719499">
			U.S.
					</a>
	</li>
																	<li class="asia">
		<a href="//www.cnbc.com/markets-asia-pacific/"  data-trkNavAttr="navigation:more:asia:104719499">
			Asia
					</a>
	</li>
																	<li class="europe">
		<a href="//www.cnbc.com/markets-europe/"  data-trkNavAttr="navigation:more:europe:104719499">
			Europe
					</a>
	</li>
																	<li class="stocks">
		<a href="//www.cnbc.com/stocks/"  data-trkNavAttr="navigation:more:stocks:104719499">
			Stocks
					</a>
	</li>
																	<li class="commodities">
		<a href="//www.cnbc.com/commodities/"  data-trkNavAttr="navigation:more:commodities:104719499">
			Commodities
					</a>
	</li>
																	<li class="currencies">
		<a href="//www.cnbc.com/currencies/"  data-trkNavAttr="navigation:more:currencies:104719499">
			Currencies
					</a>
	</li>
																	<li class="bonds">
		<a href="//www.cnbc.com/bonds/"  data-trkNavAttr="navigation:more:bonds:104719499">
			Bonds
					</a>
	</li>
																	<li class="funds">
		<a href="//www.cnbc.com/mutual-funds/"  data-trkNavAttr="navigation:more:funds:104719499">
			Funds
					</a>
	</li>
																	<li class="etfs">
		<a href="//www.cnbc.com/exchange-traded-funds/"  data-trkNavAttr="navigation:more:etfs:104719499">
			ETFs
					</a>
	</li>
</ul></li></ul></div><div class="grid-col"><ul class="more-makeit more"><li class="header"><a data-trkNavAttr="navigation:more:makeit:104719499" href="//www.cnbc.com/make-it/" class="expandable">Make It</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="entrepreneurs">
		<a href="//www.cnbc.com/make-it/entrepreneurs/"  data-trkNavAttr="navigation:more:entrepreneurs:104719499">
			Entrepreneurs
					</a>
	</li>
																	<li class="leadership">
		<a href="//www.cnbc.com/make-it/leadership/"  data-trkNavAttr="navigation:more:leadership:104719499">
			Leadership
					</a>
	</li>
																	<li class="careers">
		<a href="//www.cnbc.com/make-it/careers/"  data-trkNavAttr="navigation:more:careers:104719499">
			Careers
					</a>
	</li>
																	<li class="money">
		<a href="//www.cnbc.com/make-it/money/"  data-trkNavAttr="navigation:more:money:104719499">
			Money
					</a>
	</li>
																	<li class="specials">
		<a href="//www.cnbc.com/make-it/special-reports/"  data-trkNavAttr="navigation:more:specials:104719499">
			Specials
					</a>
	</li>
																	<li class="primetime">
		<a href="//www.cnbc.com/make-it/shows/"  data-trkNavAttr="navigation:more:primetime:104719499">
			Primetime
					</a>
	</li>
</ul></li></ul><ul class="more-investing more"><li class="header"><a data-trkNavAttr="navigation:more:investing:104719499" href="//www.cnbc.com/investing/" class="expandable">Investing</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="tradingnation">
		<a href="//www.cnbc.com/trading-nation/"  data-trkNavAttr="navigation:more:tradingnation:104719499">
			Trading Nation
					</a>
	</li>
																	<li class="tradingtalk">
		<a href="//www.cnbc.com/trader-talk/"  data-trkNavAttr="navigation:more:tradingtalk:104719499">
			Trader Talk
					</a>
	</li>
																	<li class="financialadvisors">
		<a href="//www.cnbc.com/financial-advisors/"  data-trkNavAttr="navigation:more:financialadvisors:104719499">
			Financial Advisors
					</a>
	</li>
																	<li class="personalfinance">
		<a href="//www.cnbc.com/personal-finance/"  data-trkNavAttr="navigation:more:personalfinance:104719499">
			Personal Finance
					</a>
	</li>
																	<li class="etf-street">
		<a href="//www.cnbc.com/etf-street/"  data-trkNavAttr="navigation:more:etf-street:104719499">
			Etf Street
					</a>
	</li>
																	<li class="portfolio">
		<a href="http://portfolio.cnbc.com/"  data-trkNavAttr="navigation:more:portfolio:104719499">
			Portfolio
					</a>
	</li>
																	<li class="watchlist">
		<a href="//watchlist.cnbc.com/"  data-trkNavAttr="navigation:more:watchlist:104719499">
			Watchlist
					</a>
	</li>
																	<li class="stockscreener">
		<a href="//www.cnbc.com/id/15839076"  data-trkNavAttr="navigation:more:stockscreener:104719499">
			Stock Screener
					</a>
	</li>
																	<li class="fundscreener">
		<a href="//www.cnbc.com/id/15839074"  data-trkNavAttr="navigation:more:fundscreener:104719499">
			Fund Screener
					</a>
	</li>
</ul></li></ul></div></div><div class="grid-cell cell2"><div class="grid-col"><ul class="more-tech more"><li class="header"><a data-trkNavAttr="navigation:more:tech:104719499" href="//www.cnbc.com/technology/" class="expandable">Tech</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="mobile">
		<a href="//www.cnbc.com/mobile/"  data-trkNavAttr="navigation:more:mobile:104719499">
			Mobile
					</a>
	</li>
																	<li class="socialmedia">
		<a href="//www.cnbc.com/social-media/"  data-trkNavAttr="navigation:more:socialmedia:104719499">
			Social Media
					</a>
	</li>
																	<li class="enterprise">
		<a href="//www.cnbc.com/enterprise/"  data-trkNavAttr="navigation:more:enterprise:104719499">
			Enterprise
					</a>
	</li>
																	<li class="gaming">
		<a href="//www.cnbc.com/gaming/"  data-trkNavAttr="navigation:more:gaming:104719499">
			Gaming
					</a>
	</li>
																	<li class="cybersecurity">
		<a href="//www.cnbc.com/cybersecurity/"  data-trkNavAttr="navigation:more:cybersecurity:104719499">
			Cybersecurity
					</a>
	</li>
																	<li class="tech-guide">
		<a href="//www.cnbc.com/tech-guide/"  data-trkNavAttr="navigation:more:tech-guide:104719499">
			Tech Guide
					</a>
	</li>
</ul></li></ul><ul class="more-video more"><li class="header"><a data-trkNavAttr="navigation:more:video:104719499" href="//www.cnbc.com/video/" class="expandable">Video</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="topvideo">
		<a href="//www.cnbc.com/top-video/"  data-trkNavAttr="navigation:more:topvideo:104719499">
			Top Video
					</a>
	</li>
																	<li class="latestvideo">
		<a href="//www.cnbc.com/video-all/"  data-trkNavAttr="navigation:more:latestvideo:104719499">
			Latest Video
					</a>
	</li>
																	<li class="usvideo">
		<a href="//www.cnbc.com/us-video/"  data-trkNavAttr="navigation:more:usvideo:104719499">
			U.S. Video
					</a>
	</li>
																	<li class="asiavideo">
		<a href="//www.cnbc.com/asia-video/"  data-trkNavAttr="navigation:more:asiavideo:104719499">
			Asia Video
					</a>
	</li>
																	<li class="europevideo">
		<a href="//www.cnbc.com/europe-video/"  data-trkNavAttr="navigation:more:europevideo:104719499">
			Europe Video
					</a>
	</li>
																	<li class="ceointerviews">
		<a href="//www.cnbc.com/video-ceo-interviews/"  data-trkNavAttr="navigation:more:ceointerviews:104719499">
			CEO Interviews
					</a>
	</li>
																	<li class="analystinterviews">
		<a href="//www.cnbc.com/video-analyst-interviews/"  data-trkNavAttr="navigation:more:analystinterviews:104719499">
			Analyst Interviews
					</a>
	</li>
																	<li class="fullepisodes">
		<a href="http://www.cnbc.com/live-tv/"  data-trkNavAttr="navigation:more:fullepisodes:104719499">
			Full Episodes
					</a>
	</li>
</ul></li></ul></div><div class="grid-col"><ul class="more-shows more"><li class="header"><a data-trkNavAttr="navigation:more:shows:104719499" href="//www.cnbc.com/tv-worldwide/" class="expandable">Shows</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="cnbcus">
		<a href="//www.cnbc.com/tv-worldwide/"  data-trkNavAttr="navigation:more:cnbcus:104719499">
			CNBC U.S. Business Day
					</a>
	</li>
																	<li class="cnbcusprime">
		<a href="//www.cnbc.com/make-it/shows/"  data-trkNavAttr="navigation:more:cnbcusprime:104719499">
			CNBC U.S. Primetime
					</a>
	</li>
																	<li class="cnbcasiapacific">
		<a href="//www.cnbc.com/asia-business-day/"  data-trkNavAttr="navigation:more:cnbcasiapacific:104719499">
			CNBC Asia-Pacific
					</a>
	</li>
																	<li class="cnbceurope">
		<a href="//www.cnbc.com/europe-television/"  data-trkNavAttr="navigation:more:cnbceurope:104719499">
			CNBC Europe
					</a>
	</li>
																	<li class="cnbcworld">
		<a href="//www.cnbc.com/global-television-shows/"  data-trkNavAttr="navigation:more:cnbcworld:104719499">
			CNBC World
					</a>
	</li>
</ul></li></ul><ul class="more-special-reports more"><li class="header"><a data-trkNavAttr="navigation:more:Special Reports:104719499" href="//www.cnbc.com/special-reports/" class="expandable">Special Reports</a></li><li class="sub-nav-menu"><ul class="more">																	<li class="modern-medicine">
		<a href="//www.cnbc.com/modern-medicine/"  data-trkNavAttr="navigation:more:Modern Medicine:104719499">
			Modern Medicine
					</a>
	</li>
																	<li class="investor-toolkit">
		<a href="//www.cnbc.com/investor-toolkit/"  data-trkNavAttr="navigation:more:Investor Toolkit:104719499">
			Investor Toolkit
					</a>
	</li>
																	<li class="global-investing-hot-spots">
		<a href="//www.cnbc.com/global-investing-hot-spots/"  data-trkNavAttr="navigation:more:Global Investing Hot Spots:104719499">
			Global Investing Hot Spots
					</a>
	</li>
																	<li class="healthy-returns">
		<a href="//www.cnbc.com/healthy-returns/"  data-trkNavAttr="navigation:more:Healthy Returns:104719499">
			Healthy Returns
					</a>
	</li>
																	<li class="your-money,-your-future">
		<a href="//www.cnbc.com/your-money-your-future/"  data-trkNavAttr="navigation:more:Your Money, Your Future:104719499">
			Your Money, Your Future
					</a>
	</li>
																	<li class="singapore-airshow">
		<a href="//www.cnbc.com/singapore-airshow-2018/"  data-trkNavAttr="navigation:more:Singapore Airshow:104719499">
			Singapore Airshow
					</a>
	</li>
																	<li class="along-the-belt-and-road">
		<a href="//www.cnbc.com/along-the-belt-and-road/"  data-trkNavAttr="navigation:more:Along the Belt and Road:104719499">
			Along the Belt and Road
					</a>
	</li>
																	<li class="trading-nation">
		<a href="//www.cnbc.com/trading-nation/"  data-trkNavAttr="navigation:more:Trading Nation:104719499">
			Trading Nation
					</a>
	</li>
</ul></li></ul></div><div class="grid-col"><ul class="more-original-series more"><li class="header"><span>Original Series</span></li><li class="sub-nav-menu"><ul class="more">																	<li class="executive-edge">
		<a href="//www.cnbc.com/executive-edge/"  data-trkNavAttr="navigation:more:Executive Edge:104719499">
			Executive Edge
					</a>
	</li>
																	<li class="trading-nation">
		<a href="//www.cnbc.com/trading-nation/"  data-trkNavAttr="navigation:more:Trading Nation:104719499">
			Trading Nation
					</a>
	</li>
																	<li class="futures-now">
		<a href="//www.cnbc.com/futures-now/"  data-trkNavAttr="navigation:more:Futures Now:104719499">
			Futures Now
					</a>
	</li>
																	<li class="retire-well">
		<a href="//www.cnbc.com/retirewell/"  data-trkNavAttr="navigation:more:Retire Well:104719499">
			Retire Well
					</a>
	</li>
																	<li class="the-pulse-@-1-market">
		<a href="//www.cnbc.com/the-pulse/"  data-trkNavAttr="navigation:more:The Pulse @ 1 Market:104719499">
			The Pulse @ 1 Market
					</a>
	</li>
																	<li class="the-bottom-line">
		<a href="//www.cnbc.com/the-bottom-line/"  data-trkNavAttr="navigation:more:The Bottom Line:104719499">
			The Bottom Line
					</a>
	</li>
</ul></li></ul><ul class="more-cnbc-events more"><li class="header"><span>CNBC Events</span></li><li class="sub-nav-menu"><ul class="more">																	<li class="healthy-returns social ">
		<a href="https://www.cnbc.com/2017/11/08/healthy-returns.html"  data-trkNavAttr="navigation:more:Healthy Returns:104719499">
			Healthy Returns
							<i class="webresource"></i>
					</a>
	</li>
																	<li class="davos">
		<a href="//www.cnbc.com/davos-world-economic-forum/"  data-trkNavAttr="navigation:more:Davos:104719499">
			Davos
					</a>
	</li>
																	<li class="delivering-alpha">
		<a href="//www.cnbc.com/delivering-alpha-ii/"  data-trkNavAttr="navigation:more:Delivering Alpha:104719499">
			Delivering Alpha
					</a>
	</li>
																	<li class="cambridge-cyber-summit">
		<a href="//www.cnbc.com/securing-our-future/"  data-trkNavAttr="navigation:more:Cambridge Cyber Summit:104719499">
			Cambridge Cyber Summit
					</a>
	</li>
																	<li class="emerge-americas">
		<a href="//www.cnbc.com/emerge-americas/"  data-trkNavAttr="navigation:more:eMerge Americas:104719499">
			eMerge Americas
					</a>
	</li>
																	<li class="iconic-tour">
		<a href="//www.cnbc.com/iconic-conference/"  data-trkNavAttr="navigation:more:iCONIC Tour:104719499">
			iCONIC Tour
					</a>
	</li>
																	<li class="net-net">
		<a href="//www.cnbc.com/netnet/"  data-trkNavAttr="navigation:more:Net Net:104719499">
			Net Net
					</a>
	</li>
																	<li class="sohn-conference">
		<a href="//www.cnbc.com/sohn/"  data-trkNavAttr="navigation:more:Sohn Conference:104719499">
			Sohn Conference
					</a>
	</li>
</ul></li></ul><ul class="more-follow-cnbc more"><li class="header"><span>Follow CNBC</span></li><li class="sub-nav-menu"><ul class="more">																	<li class=" social ">
		<a href="https://www.facebook.com/cnbc"  data-trkNavAttr="navigation:more::104719499">
			
							<i class="webresource    fa fa-facebook"></i>
					</a>
	</li>
																	<li class=" social ">
		<a href="https://twitter.com/cnbc"  data-trkNavAttr="navigation:more::104719499">
			
							<i class="webresource     fa fa-twitter"></i>
					</a>
	</li>
</ul></li></ul><ul class="more-internationalization more"><li class="site-set sub-nav-menu"><ul class=" more home-geo-container"><li class="header">EDITION</li></ul></li></ul><ul class="more-go-up more"><li class="go-up sub-nav-menu"><a href="javascript:void(0)"><i class="fa fa-chevron-circle-up fa-3"></i></a></li></ul></div></div></div></div></li></ul>
<div id="featured-menu-container"><div id="login-container"><ul class="log-info" id="unreg-user"><li class="iconContainer login expandable"><a href="javascript:void(0)" class="singleton"><i class="fa fa-user fa-2"></i></a><ul><li class="cnbcRegister"><a href="javascript:void(0);">Register</a></li><li><a id="signin" href="javascript:void(0);">Log In</a></li></ul></li></ul><ul id="reg-user" class="log-info hide"><li class="iconContainer login expandable"><a href="javascript:void(0)" class="singleton"><i class="fa fa-user fa-2"></i></a><ul class='registered'><li><a href="//www.cnbc.com/account#profile">Profile</a></li><li><a href="//www.cnbc.com/account#newsletter">Email Preferences</a></li><li class="link-pro-user"><a href="//www.cnbc.com/account#pro">PRO</a></li><li><a id="signout" href="javascript:void(0);">Sign Out</a></li></ul></li></ul></div><ul class="log-info"><li class="pro"><a data-trkNavAttr="navigation:pro:pro:104719499" href="//www.cnbc.com/pro" data-onclick="#" class="expandable">Pro</a><ul><li class="viewall"><a data-trkNavAttr="navigation:pro:viewall:104719499" href="/pro">View All</a></li><li class="pro_franchise"><a data-trkNavAttr="navigation:pro:pro_franchise:104719499" href="/pro-story">News & Analysis</a></li><li class="provideo"><a data-trkNavAttr="navigation:pro:provideo:104719499" href="/pro-video">Video</a></li><li class="protalks"><a data-trkNavAttr="navigation:pro:protalks:104719499" href="/protalks">PRO Talks</a></li><li class="prouncut"><a data-trkNavAttr="navigation:pro:prouncut:104719499" href="/pro-uncut">PRO Uncut</a></li><li class="kensho"><a data-trkNavAttr="navigation:pro:kensho:104719499" href="/kensho">Kensho Stats</a></li><li class="take_tour"><a href='javascript:void(0)' id="pro-tour">Take a Tour</a></li><li class="subscribe2"><a data-trkNavAttr="navigation:pro:subscribe2:104719499" href="/application/pro">Subscribe</a></li></ul></li><li class="livetv"><a data-trkNavAttr="navigation:livetv:livetv:104719499" href="javascript:void(0)" data-onclick="#" class="expandable">LIVE TV</a><ul><li class="watch-cnbc-tv"><a data-trkNavAttr="navigation:livetv:watch-cnbc-tv:104719499" href="http://www.cnbc.com/live-tv/">Watch CNBC TV</a></li><li class="watch-cnbc-pro"><a data-trkNavAttr="navigation:livetv:watch-cnbc-pro:104719499" href="//www.cnbc.com/application/pro">Watch CNBC Pro</a></li></ul></li><li class="watchlist"><a data-trkNavAttr="navigation:watchlist:watchlist:104719499" href="//watchlist.cnbc.com/"  class="singleton">Watchlist</a></li></ul></div><div id="quickLinks">	<a class="button" id="markets"  data-trkNavAttr="navigation:top:markets:104719499"  href="//www.cnbc.com/markets/"><i class="fa fa-markets"></i></a>
	<a class="button" id="video"  data-trkNavAttr="navigation:top:video:104719499"  href="//www.cnbc.com/video/"><i class="fa fa-video"></i></a>
	<a class="button" id="quotesearch"  href="javascript:void(0),"><i class="fa fa-quotesearch"></i></a>
</div></nav></div></div><!--might not need this for make it--><div id="toPopup"><div class="close"><a class="btn_header">X</a></div><div id="popup_content"></div><!--your content end--></div><!--toPopup end--><div id="backgroundPopup"></div><!--might not need this for make it--></header>
<!-- END HEADER -->

                
                

                
                    

                


                


                
                                                    	<div id='cnbc-alert-container-breaking-news' class="news-alert breaking-news hide" >
	<div class="content">
		<div class="news-alert-container">
							<div class="news-alert-title">
					<h2 class="headline">
						<a class="alert-banner" id="breaking-news-link">
							<span class="alert-title"></span>
							<span class='alert-headline'></span>
						</a>
					</h2>
				</div>
					<div class="alert-close-button" id="breaking-news-close-button">&times</div>
				<div style="clear:both;"></div>
					</div>
	</div>
</div>

                                	<div id='cnbc-alert-container-pro-alert' class="news-alert pro-alert hide"  style="display: none;" >
	<div class="content">
		<div class="news-alert-container">
							<div class="news-alert-title">
					<h2 class="headline">
						<a class="alert-banner" id="pro-alert-link">
							<span class="alert-title"></span>
							<span class='alert-headline'></span>
						</a>
					</h2>
				</div>
					<div class="alert-close-button" id="pro-alert-close-button">&times</div>
				<div style="clear:both;"></div>
					</div>
	</div>
</div>

                                	<div id='cnbc-alert-container-watch-live' class="news-alert watch-live hide"  style="display: none;" >
	<div class="content">
		<div class="news-alert-container">
							<div class="news-alert-title">
					<h2 class="headline">
						<a class="alert-banner" id="watch-live-link">
							<span class="alert-title"></span>
							<span class='alert-headline'></span>
						</a>
					</h2>
				</div>
					<div class="alert-close-button" id="watch-live-close-button">&times</div>
				<div style="clear:both;"></div>
					</div>
	</div>
</div>

                                	<div id='cnbc-alert-container-watch-live-international' class="news-alert watch-live-international hide"  style="display: none;" >
	<div class="content">
		<div class="news-alert-container">
							<div class="news-alert-title">
					<h2 class="headline">
						<a class="alert-banner" id="watch-live-international-link">
							<span class="alert-title"></span>
							<span class='alert-headline'></span>
						</a>
					</h2>
				</div>
					<div class="alert-close-button" id="watch-live-international-close-button">&times</div>
				<div style="clear:both;"></div>
					</div>
	</div>
</div>

                                    

                
                

                
                
                

                <div class="cnbc-body " itemscope itemtype="https://schema.org/NewsArticle">
                                                                                <!-- MPS iframe:ad -->
                    
  <!-- MPS iframe:ad -->
  
<div class="dart_wrapper dart_ads_noniframe_topbanner  badge-ad" id="dart_wrapper_topbanner">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_topbanner', 'topbanner'));	
	});
	</script> 
</div>
  
  <!-- end of MPS iframe ad -->

                    
                    <!-- end of MPS iframe ad -->
                    
    
      
		<h2 class="cnbc-clearfix pagehead pageheadnav" id="page_header">
		 <div id="franchise-header-badge">
		
<div class="dart_wrapper dart_ads_noniframe_badgec  badge-ad" id="dart_wrapper_badgec">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_badgec', 'badgec'));	
	});
	</script> 
</div>
	 </div>
									<a class="header_title last breadcrumb" href="/real-estate/">Real Estate</a>
		
					    			<div class="menu" id="pageHeadNav">
				<ul>
																		<li class="first selected">
								<a href="/real-estate/">Real Estate</a>
							</li>
																								<li class="">
								<a href="/housing/">Housing</a>
							</li>
																								<li class="">
								<a href="/mortgages/">Mortgages</a>
							</li>
																								<li class="">
								<a href="/construction/">Construction</a>
							</li>
																								<li class="">
								<a href="/commercial-real-estate/">Commercial Real Estate</a>
							</li>
																								<li class=" last">
								<a href="/real-estate-investment-trusts/">REITs</a>
							</li>
																																								
				</ul>
			</div>
			</h2>

  
    <div class="story-top"><div  class="story-header-left twoCol"><h1 class="title" itemprop="name" >Real estate investment trust sees business booming post-Hurricane Harvey</h1><div id="article_deck" class="content"> 
	
	



																
																	
			
												<div class="group-container last">
						
			
			
			

			
						
			
														<div class="group" >
																		<ul> <li>Camden Property Trust has seen a "total transformation" of its business since Hurricane Harvey slammed into Texas, its CEO told CNBC on Tuesday.</li> <li>The Houston-based company, which develops and manages multifamily apartment communities, has seen an influx of renters since so many homes suffered damage.</li> <li>Shares of Camden Property Trust are up almost 4 percent since the hurricane.</li> </ul>
																										    																</div>
					</div>
	</div>
	<div class="source" itemprop="author" itemscope itemtype="https://schema.org/Person">
																																							
					    			    		
	    									<a itemprop="url" rel="author" href="/michelle-fox/">Michelle Fox</a>													| <span class="twitter-url"><a href="//twitter.com/MFoxCNBC">@MFoxCNBC</a></span>
																
					
							 
			</div>

	
	<time class="datestamp"  itemprop="datePublished" datetime="2017-09-19T18:47:51-0400">	  
		Published  6:47  PM ET Tue, 19 Sept 2017
	</time>
	<span class="sourcelogo" id="sourcelogo-cnbccom" itemprop="sourceOrganization">CNBC.com</span></div><div class="story-header-right">
	<div>
		<div id="social_bar_top" class="gigyasharebar"></div>
		
			
	</div>
</div></div>
  
    
    <section class="cols2">
	    <div class="unit col1">
        
              

  
  
<article>
	<div class="story">
        		<div id="article_body" class="content">            

                                             
	




																
																	
			
												<div class="group-container last">
						
																																		

																																																							
			
			

			
																		

									
																							
																						
						
						
												
													
								<div class="inline-player">
									
<div class="pro-video-chapters fall" trkId="3000655711">
			<div class="handler" style="display:none;">
			<span>
				<span class="tag">show chapters</span><i class="fa fa-chevron-down" aria-hidden="true"></i>
			</span>
		</div>
		<ul style="margin-bottom:-298px;display:none">
			</ul>
</div>

									<!-- new asset.tpl begin --><div id='player_0_104719499_0' class="asset  cnbcvideo imgasset desc_size600_400 featuredPromo" data-autoPlay="1">        <span itemscope  itemtype="https://schema.org/ImageObject"  class="video-icon">
                    <a href='/video/2017/09/19/camden-ceo-talks-about-the-rental-market-post-harvey.html' data-VideoID='3000655711' data-VideoType='' class=''  >
                                                <img src="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/09/19/104719452-3ED3-CB-OLICK-CAMPO-HARVEY-091917.600x400.jpg?v=1505855174" alt="Camden CEO talks about the rental market post-Harvey" title="Camden CEO talks about the rental market post-Harvey" width='600' height='400' />
                    
                </a>
         <meta itemprop="image" content="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2017/09/19/104719452-3ED3-CB-OLICK-CAMPO-HARVEY-091917.jpg?v=1505855174" /><meta itemprop="width" content="width='600'" /><meta itemprop="height" content="height='400'" /><meta itemprop="datePublished" content="2017-09-19T17:06:14-0400" /><meta itemprop="dateCreated" content="2017-09-19T17:06:11-0400" /><meta itemprop="dateModified" content="2017-09-19T17:06:15-0400" /><meta itemprop="uploadDate" content="2017-09-19T17:06:11-0400" /><meta itemprop="expires" content="2099-12-31" /> <!-- TODO: defaulting to 2099 until we get the expiry date from toolbelt --><meta itemprop="encodingFormat" content="jpg" /><meta itemprop="author" content="" /><meta itemprop="publisher" content="CNBC" />         </span> 
    
        

    
		 

		
			<a href='/video/2017/09/19/camden-ceo-talks-about-the-rental-market-post-harvey.html' data-VideoID='3000655711' data-VideoType=''  class=' headline-overlay'    data-nodeID='104719228' >
    				<i class="fa fa-video"></i>
				

	<div class="headline"  >
				    	                 
            Camden CEO talks about the rental market post-Harvey<span class=" cnbc-font-icon icon-cnbc-video">&nbsp;</span>&nbsp;&nbsp;
			                        <time> 5:10  PM ET Tue, 19 Sept 2017 |  02:36</time>	</div>
					
					

					</a>	 




</div><!-- new asset.tpl end -->
								</div>
													
									
			
			
														<div class="group" itemprop="articleBody">
																		<p>Camden Property Trust has seen a "total transformation" of its business since Hurricane Harvey slammed into Texas just over three weeks ago, its CEO told CNBC on Tuesday.</p>
															
																													
					
			<meta id="speakablemeta3" itemprop="cssSelector" content="#article_body > div > div.group > p:first-child">
	
												    														<p>The Houston-based company, which develops and manages multifamily apartment communities, has seen an influx of renters since so many homes suffered damage.</p>
															
																										    														<p>"We had a lot of vacant apartments in Houston and right now there's a lot fewer vacant [apartments]. We're creating homes for a lot of the people who were flooded," Richard Campo said in an interview that aired on "<a href="/closing-bell/">Closing Bell</a>."</p>
															
																						<div id="inline_movable_ad"></div>
																			    														<p>In fact, during the last 2½ weeks, the company has leased net new 500 apartments, compared with about 170 apartments between January and August, he said.</p>
															
																										    														<p>The business boom has been reflected in the stock price. Shares of <a class="inline_quotes" data-gdsid="80419" data-inline-quote-symbol="CPT" href="//www.cnbc.com/quotes/?symbol=CPT">Camden Property Trust</a> are up almost 4 percent since the hurricane.</p>
															
																										    														<p>However, Campo stressed that the company is "absolutely not" jacking up rent prices to meet demand.</p>
															
																										    														<p>"When you have a crisis like this you definitely don't do that. We froze prices at pre-Harvey levels and we didn't differentiate between short-term leases and long-term leases, so same price for whatever you needed," he said.</p>
															
																										    														<p>The company found itself with a lot of vacancies after building too many apartments in anticipation of oil prices remaining high and creating jobs, Campo noted.</p>
															
																										    														<p>However, he said, while business is improving since the storm, the apartment market was already on the road to recovery. That recovery has just accelerated.</p>
															
																										    														<p>"We thought that the Houston apartment market would be back in supply-and-demand balance probably by the end of '18, early '19. What the storm did is just move that up a year."</p>
															
																										    														<p>Meanwhile, <a href="/2017/09/19/severe-labor-shortage-has-houston-homeowners-begging-for-help.html">finding labor</a> to build new apartments has been "a real challenge."</p>
															
																										    														<p>"If you are trying to build something new now it's going to take six months, a year longer than normally because we just don't have the labor."</p>
															
																										    														<p>Camden owns and operates 8,424 apartment units in Houston and more than 52,000 across the United States.</p>
															
																										    																</div>
					</div>
	
            		</div>

         
        
        
		        

        <div id="taboola_article_you_may_like">
        <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#taboola_article_you_may_like', 'taboola-article-you-may-like') 
    }); 
</script>
        </div>
    </div>
</article>




        <div class="social-reporter"><div class="reporter"><a href="/michelle-fox/"><img src="https://fm.cnbc.com/applications/cnbc.com/resources/img/editorial/2013/08/23/100984779-michelle-fox-silo.60x60.jpg?v=1377288283" alt="" title="" width="60" height="60"/></a><div class="reporter-info"><span class="name"><a href="/michelle-fox/">Michelle Fox</a></span><span class="title">Producer</span></div><div class="article-social-small"><a href="//twitter.com/MFoxCNBC"><span class="social-twitter"></span></a><a href="//plus.google.com/113235834597988669698"><span class="social-google-plus"></span></a><a href="//linkedin.com/pub/michelle-fox/5/697/77"><span class="social-linkedin"></span></a></div></div></div>
  
   

  
          <div><div id="social-tools-panel"></div></div>
      

  
                  <div class="subsection related  ">
        <h2 class="module-header">Related Securities</h2>
                	

	
	







	<div class="flex_chart storyChart" data-quote-type="quick-quote">	
																																																																																																																																																																																										
	
	
				
	
		
	
		<table class="data quoteTable" cellspacing="0">
			<thead>
				<tr>
									<th class="first text"><div class="chart-text-container"><span class="csv-qoute-header-text">Symbol</span></div></th>
																	<th ><div class="chart-text-container"><span class='csv-qoute-header-text'>Price</span></div></th>
																																	<th >&nbsp;</th>
																			<th ><div class="chart-text-container"><span class='csv-qoute-header-text'>Change</span></div></th>
																																					<th class="last"><div class="chart-text-container"><span class='csv-qoute-header-text'>%Change</span></div></th>
									</tr>
			</thead>
			<tbody>
				
																																																				<tr data-table-chart-symbol=CPT data-table-chart-alt-symbol=CPT>
																		<td class="first text" data-field="symbol"><a href="//www.cnbc.com/quotes/?symbol=CPT">CPT</a></td>
													        							        							<td data-field=last></td>
																				        							        								        								        									<td class="arrow" data-field="change_arrow"><div class="icon unch">---</div></td>
        								        							        							<td data-field=change></td>
																				        							        								        								        							        							<td data-field=change_pct></td>
																			</tr>
												</tbody>
		</table>
	 
		</div>

      </div>
      

  
          <div id="mps_article_insert_footer">
        <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#mps_article_insert_footer', 'article-insert-footer') 
    }); 
</script>
      </div>
      

  
  
    		<div class="adcom_wrapper" id="ad-com-content-one">
		 <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#ad-com-content-one', 'ad.com-content-one') 
    }); 
</script>
	</div>

  

  


  
          
		


	


      


      
  
		


	


  
  

  
				
					

  
  
  
  
</div>
	    <div class="unit col2">
			

    			

	


	
	<div class="sbc_wrapper" id="sbc-rightrail">
    <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#sbc-rightrail', 'sbc-rightrail') 
    }); 
</script>
</div>
			
<div class="dart_wrapper dart_ads_noniframe_topflex  badge-ad" id="dart_wrapper_topflex">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_topflex', 'topflex'));	
	});
	</script> 
</div>
				<div class="adcom_wrapper" id="ad-com-rightrail-top">
		 <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#ad-com-rightrail-top', 'ad.com-rightrail-top') 
    }); 
</script>
	</div>

	
			<div id="prtnr_mod_stories"></div>
		<div id="prtnr_mod_money"></div>
			
			<div id="article-insert-sidebar">
		<script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#article-insert-sidebar', 'article-insert-sidebar') 
    }); 
</script>
		</div>
	

 

 


	

 	

 

 

 

 


	<!-- empty container to move promo medium here for xfinity experience page -->
	<div id="promo_medium_section_bottom"></div>


 


								
            
        	    	    	    	    		    		
    		
    			
                    			                <div class="widget">
					<div id="chartbeatWidget_102535788" class="chartbeat_data_module"></div>
	


	</div>
                    
    
			


			<div class="adcom_wrapper" id="ad-com-rightrail-bottom">
		 <script>
    var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.mpsinit=mps._queue.mpsinit||[]; 
    mps._queue.mpsinit.push(function() { 
      mps.insertComponent('#ad-com-rightrail-bottom', 'ad.com-rightrail-bottom') 
    }); 
</script>
	</div>

			<div id="movable_box_ad_target"></div>
	
	</div>
    </section>
    
    


                                        
                    
                                                                                            <div class="loaderOverlayMobile" style="position:absolute !important;left:-3000px;top:-3000px;"><p><img src=//sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/loader-2.gif></img></p></div>
                        <div class="player-lazy-loaded-mobile">
                          
<div class="tpContainer">
	<div class="tpLayout">
		<div class="tpPlayer" id="player"
			tp:allowFullScreen="true"
			tp:skinUrl="https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/pdk/skins/cnbc/cnbc.json"
			tp:showNav="false"
			tp:allowRss="true"
			tp:ccflag ="0"
			tp:ccdefaults = '{"textAlign" : "left","fontSize" : 2}'
							tp:layoutUrl="//sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/data/cnbc_layout_universal.xml"
						tp:allowLink="true"
			tp:showFullTime="true"
			tp:controlBackgroundColor="0x131313"
			tp:backgroundColor="0x131313"
			tp:controlFrameColor="0x545759"
			tp:frameColor="0x545759"
			tp:textBackgroundColor="0x000000"
			tp:controlHighlightColor="0xbbbbbb"
			tp:controlHoverColor="0xFFFFFF"
			tp:loadProgressColor="0x5D9070"
			tp:controlSelectedColor="0x808080"
			tp:playProgressColor="0x00CCFF"
			tp:scrubberFrameColor="0x00CCFF"
			tp:controlColor="0x808080"
			tp:textColor="0xCCCCCC"
			tp:scrubberColor="0xBEBEBE"
			tp:scrubTrackColor="0xBEBEBE"
			tp:pageBackgroundColor="0x131313"
			tp:controlDisabledColor="0x808080"
			tp:showBitrate="true"
			tp:showCopyright="true"
			tp:carouselAutoPlay="false"
			tp:showSubtitles="true"
			tp:cnbcPlayerType="article"
			tp:showCarousel="false"
			tp:endCard="none"
									tp:plugin13="type=control|URL=https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/pdk/swf/CNBCAdBannerPlugIn.swf"
						tp:plugin12="type=control|URL=https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/pdk/swf/CNBCMiniScrubberPlugIn.swf"
															tp:plugin9="type=tracking|url=https://secure-dcr.imrworldwide.com/novms/tp/3/ggtp500.js|priority=1|vcid=c14|clientid=us-800148"
									tp:plugin0="type=tracking|url=https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/samples/cnbc/plugins/newrelic-video-theplatform.min.js?vn=3"
						tp:showMetadata="true"
			tp:plugin1="type=tracking|url=https://secure-us.imrworldwide.com/novms/tp/3/ggtp390.swf|clientid=us-800148|vcid=c14"
						tp:plugin2="type=tracking|url=https://sb.scorecardresearch.com/c2/plugins/streamsense_plugin_theplatform.swf|c2=1000004|priority=1|persistentlabels=c4%3DCNBC.com VOD"
			tp:plugin3="type=tracking|url=https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/samples/cnbc/plugins/streamsense_plugin_theplatform.js?vn=4|c2=1000004|priority=1|persistentlabels=c4%3DCNBC.com VOD"
						tp:plugin4="type=adcomponent|url=https://pdk.theplatform.com/5.7.15/pdk/swf/freewheel.swf|playerProfileHTML5=169843%3Anbcu_mobileweb_js_cs_moat_https|siteSectionId=cnbc_inline_vod|pemURLsSeparator=%2C|isLive=false|customVideoAssetIdField=externalAdvertiserId|networkId=169843|exitFullscreenOnPause=false|priority=1|playerProfileFlash=169843%3Anbcu_cnbc_web_flash_moat_https|adManagerUrl=https%3A%2F%2Fmssl.fwmrm.net%2Fp%2Fnbcu_live%2FAdManager.%7Bext%7D|serverUrl=https%3A%2F%2F29773.v.fwmrm.net%2Fad%2Fp%2F1|playerProfile=nbcu_mobileweb_js_cs_moat_https"
			tp:plugin5="type=adcomponent|url=https://sc.cnbcfm.com/applications/cnbc.com/staticcontent/ThePlatform/samples/cnbc/plugins/freewheel_EM-1566.js|playerProfileHTML5=169843%3Anbcu_mobileweb_js_cs_moat_https|siteSectionId=cnbc_inline_vod|pemURLsSeparator=%2C|customVideoAssetIdField=externalAdvertiserId|networkId=169843|exitFullscreenOnPause=false|priority=1|playerProfileFlash=169843%3Anbcu_cnbc_web_flash_moat_https|adManagerUrl=https%3A%2F%2Fmssl.fwmrm.net%2Fp%2Fnbcu_live%2FAdManager.%7Bext%7D|serverUrl=https%3A%2F%2F29773.v.fwmrm.net|playerProfile=nbcu_mobileweb_js_cs_moat_https"
						>
			<noscript class="tpError">To view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download <a href="http://get.adobe.com/flashplayer/" target="_black">the latest Flash player</a> and try again.</noscript>
		</div>
	</div>
</div>
					 

                            <div class="docked-card metadata">
                               <div class="metadata-status">
                                   <p class="label">Playing</p>
                                   <h3 class="headline"></h3>
                                   <img id="social_tools_player_docked_share" class="share" src="//sc.cnbcfm.com/applications/cnbc.com/staticcontent/img/playerAssets/social-icon-share-2x.png" alt="">
                               </div>
                               <div class="dockable-share-card">
                                   <p class="label_share">Share this video...</p>
                                   <div id="dockable-social-tools"></div>
                                   <div id="dockable-cnbc-share-url" class="cnbc-input"></div>
                                   <div class="close-button"><span>&times;</span></div>
                               </div>
                                <div class="dockable-end-card">
                                    <p class="label">Watch Next...</p>
                                    <h3 class="headline"></h3>
                                </div>
                            </div>

                        </div>
                                                            </div>

                

                
                
                    

    
        						
        
                                    
        
        
        
                
        
                
        
        
		


                
                
                 
                
                    

                
                
					                                                                          <!-- BEGIN Footer -->
<footer class="cnbc-new-footer-res"><div class="sec-footer-wrapper" id="cnbc-footer-responsive" data-fragmentLazyLoad="true"><div class="sec-footer-container"><div class="sec-footer-links"><ul><li><div id="oba-link-container" style="display:inline;"></div></li></ul></div></div></div></footer>
<!-- END FOOTER -->

                
                
            </div>

            
                <div id="movable_box_ad_container" class="hide">
                    
<div class="dart_wrapper dart_ads_noniframe_movablebox  badge-ad" id="dart_wrapper_movablebox">
	<script>
	var mps=mps||{}; mps._queue=mps._queue||{}; mps._queue.gptloaded=mps._queue.gptloaded||[];
	mps._queue.gptloaded.push(function() {
	  (mps && mps.insertAd && mps.insertAd('#dart_wrapper_movablebox', 'movablebox'));	
	});
	</script> 
</div>
                </div>
            

        <!-- END FRAME -->
        
<script id="twitter-wjs" type="text/javascript" async defer src="//platform.twitter.com/widgets.js"></script>
        <script type="text/javascript">
            CNBC_Settings = {
    baseurls : {"register_base":"https://register.cnbc.com","login_base":"https://login.cnbc.com","show_schedule_service_base":"http://compass.cnbc.com/compass/xml/nextshow","cnbc_prod_urls":"pub.app20.cnbc.com|pub.app21.cnbc.com|pub.app22.cnbc.com|pub.app23.cnbc.com|pub.app24.cnbc.com|pub.app25.cnbc.com|pub.app26.cnbc.com|pub.app27.cnbc.com|pub.app28.cnbc.com","syndication_base":"http://syndication.cnbc.com/","bb_rhythmvideo_url_base":"rtsp://cnbc.rtsp.rnmd.net:554/adservice/","rhythm_siteid":"cnbc_web","optional_optin":"101","surf_base":"https://surf.nbcuni.com","pub_base_protocol_agnostic":"//www.cnbc.com","upLynk_service_base_url":"//vapi.cnbc.com/videoservice/getstream.do?partnerId=14","upLynk_default_live_channel":"UPLYNK-US","video_token_timestamp":"60","twitter_platform_base":"//platform.twitter.com","vapi_partner_service_base_url":"//vapi.cnbc.com/videoservice/getstream.do?partnerId=20071","php_vapi_service_base_url":"/services/phvapi?channel=","cnbc_base_secure":"https://www.cnbc.com","sc_base_protocol_agnostic":"//sc.cnbcfm.com","quoteservicebase":"//quote.cnbc.com/quote-html-webservice/quote.htm","chartbase":"//api-chart.cnbc.com/api/chart/chart.asp","cnbc_base":"//www.cnbc.com","static_content_base":"//sc.cnbcfm.com","ticker_base":"//ticker.cnbc.com","comments_base":"//comments.cnbc.com/comments","watchlist_base":"//watchlist.cnbc.com","detail_quote_base":"//www.cnbc.com/quotes/","symlookup_base":"//symlookup.cnbc.com","searchbase":"//search.cnbc.com/rs/search/view.html","itv_quote_url":"//quote.cnbc.com/quote-html-webservice/quote.htm?requestMethod=itv&exthrs=1&noform=1&fund=1&output=jsonp&&extendedMask=1&partnerId=2&symbols=","advanced_symlookup_URL":"//www.cnbc.com/id/15837272?q=","baseFeed":"//feed.theplatform.com/f/gZWlPC/CNBC_prod_global","poll_base":"https://www-aws.cnbc.com/services/polls","detailedquotebasenative":"//data.cnbc.com/quotes/","cnbcvideo_url_base":"//www.cnbc.com/video/","detailed_quote_base_http_only":"https://data.cnbc.com/quotes/","cnbcvideo_url_base_http_only":"https://www.cnbc.com/video/","cnbc_base_http_only":"https://www.cnbc.com","premium_video_feed":"//www.cnbc.com/id/46/services/premium/video/data?token=","wsod_api_base_url":"https://api-chart.cnbc.com","pro_base":"//www.cnbc.com/application/pro","detailedquotebase":"//www.cnbc.com/quotes/?symbol=","cnbc_base_host":"cnbc.com","theplatform_pdk_base":"//pdk.theplatform.com/5.7.15/pdk/tpPdk.js","amp_video_origin":"amp-video.cnbc.com","nid":105005703},
	wl360CoreServicesBaseUrl: 'https://wl.cnbc.com/wl/api/',
	wl360ResourceBundleUrl: 'https://register.cnbc.com/svc/api/message',
	wl360ResourceBundleAppKey: 'common_messages',
	wl360ServiceTimeout: 9000,
	wl360QuoteApiUrl: 'https://quote.cnbc.com/quote-html-webservice/',
	wl360EnableAddToWatchlist: '1',
	wl360PartnerId: 14,
	surf_key : 'cnbc',
	mobileQuotePageRefreshInterval: '900',
	mobileQuoteBlurRefreshInterval: '0',
	regionConfig: {"USA":{"edition":"USA","nid":"100746233","link":"/","name":"U.S. Edition", "msgName":"U.S.","mobileMsgName":"U.S.","mobileAlternate":"WORLD", "menuName":"U.S."},"WORLD":{"edition":"WORLD","nid":"100746255","link":"/id/100746255","name":"INTL Edition","msgName":"new international","mobileMsgName":"International","mobileAlternate":"USA", "menuName":"INTL"}},
	searchPartnerId: '2000',	
	chartbeat_service : '102527204',
	chartbeat_service_data : '',
	chartbeat_refresh_interval : '300',
	webQuotePageRefreshInterval: '600',
	webQuoteBlurRefreshInterval: '60',
	surf_on : 'on',
	templateName: 'story_simple',
	isNative: '',
	productName: 'web'
		,dockPlayer: '1'
			,video_gallery_config: {"double_tray_first_tray":"0","double_tray_all_trays":"0","sliding_tab":"1","is_universal_player":"1","full_episodes_links":"[{ 'fastmoney': { 'icon': 'icon-fast-money' ,'url': 'http://www.cnbc.com/live-tv/fast-money'},'madmoney': { 'icon': 'icon-mad-money' ,'url': 'http://www.cnbc.com/live-tv/mad-money'},'americangreed': { 'icon': 'icon-prime' ,'url': 'http://www.cnbc.com/live-tv/american-greed'},'cnbcoriginals': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/cnbc-originals'}, 'consumedtherealrestaurantbusiness': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/consumed-the-real-restaurant-business'}, 'restaurantstartup': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/restaurant-startup'}, 'secretlivesofthesuperrich': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/secret-lives-of-the-super-rich'}, 'sharktank': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/shark-tank'}, 'theprofit': { 'icon': 'icon-prime'  ,'url': 'http://www.cnbc.com/live-tv/the-profit'}}]","watch_live_tv":"http://www.cnbc.com/live-tv"}
			,pageNodeId: 104719499  // this property added for consistancy with Desktop, `nodeId` is depricated and must be retired
			,nodeType: 'cnbcnewsstory'
						,franchise : {
		  id: '10000115',
		  title: 'Real Estate'
		}
				,homepageTrackingConfig:{header:true, footer:true, lead:true, secondaryLead:true, view:true, topicTown:true, dontMiss:true, marketData:true, madMoney:true, futuresNow:true, mostPopular:true, currencies:true, market:true, tradingNation:true}
				,is_universal_live_player: 1
				,brand: "cnbc"
		,jsVersion: "520"
};
                    </script>

        
																																																																																																																																																																				<script type="text/javascript">
	CNBC_Settings.tags = ["Closing Bell","Camden Property Trust","Real Estate","Foreclosures","Housing","Mortgages","US: News"];
</script>



                    <script type="text/javascript" src="//pdk.theplatform.com/5.7.15/pdk/tpPdk.js"></script>
                          <script type="text/javascript" src="https://surf.nbcuni.com/rdk/surf.js.php" data-rdk-url="/rdk/" data-config-key="cnbc"></script>
                
        <script type="text/javascript">
                        	
                        
                








            
            	        	                	                
																			
			
	

	        
            

            
            
            
	

            	
					
			

	        	            
	        
			

			
		
            
		
            
                                                
                            
			
            
            /* JSInits */

            
                    
    

            

						

            			     		

                          
            
                window.cnbc = window.cnbc || {};
window.cnbc.pageModules = (window.cnbc.pageModules || []).concat([
	    {
	moduleId : 'xfinityExperienceSurf',
	initOn : 'load'
}
    ,	    {
	  'moduleId' : 'socialBar',
	  'initOn' : 'load',
	  'initData' : {
	  	templateName : 'story_simple',
	  	gigya_api_key : '2_Jx5rsFp18pauXYlKGzHQVpbahcR1iJ30bbyfqZsn69A6vbt3dQ7gYFCESWKMM1sP',
			socialBarTitle : 'Real estate investment trust sees business booming post-Hurricane Harvey',
			containerID: 'social-tools-panel',
			pos : 'bottom',
		}
	}
    ,	    {
	moduleId : 'scrollPanel',
	initOn : 'load',
	initData : {
 		container: 'social-tools-panel' // element that will contain tabs. value can be a string (must be an element's ID), a DOM element or jQuery object -- Required
 		,transTime:50
		,respectiveContainer: true
		,hideIndex: true
	}
}
    ,	    {
	  'moduleId' : 'socialBar',
	  'initOn' : 'load',
	  'initData' : {
	  	templateName : 'story_simple',
	  	gigya_api_key : '2_Jx5rsFp18pauXYlKGzHQVpbahcR1iJ30bbyfqZsn69A6vbt3dQ7gYFCESWKMM1sP',
			socialBarTitle : 'Real estate investment trust sees business booming post-Hurricane Harvey',
			containerID: 'social_bar_top',
			pos : 'top',
		}
	}
    ,	    {
	moduleId : 'tableSorter',
	initOn : 'view',
	moduleDomSelector : 'table.csvData, article table.quoteTable'
}
    ,	    {
		moduleId : 'Polls',
		initOn : 'load'
	}
    ,	    {
	moduleId : 'TaboolaRecirculationModule',
	
		initOn : 'load',
	
	initData : {
		
			taboola_url : '//cdn.taboola.com/libtrc/cnbc/loader.js'
		
		,taboolaParam: ''
	}
}
    ,	    {
	moduleId : 'TwitterPlatform',
	
		initOn : 'view',
		moduleDomSelector : '.twitter-timeline, .twitter-tweet'
	
}
    ,	    {
		moduleId : 'chartbeatMostPopular',
		initOn : 'view',
		moduleDomSelector : '#chartbeatWidget_102535788',
		initData : {
			refreshInterval : 300,
			chartbeatUrl : '//www.cnbc.com/id/102535788/services/mostpopular',
			containerId: 'chartbeatWidget_102535788'	,
			templateName: 'story_simple'		
		}
	}
    ,	    {
      moduleId : 'englargedImage',
      initOn : 'load',
      initData : {
      }
    }
    ,	    {
		moduleId: 'desktopVideoPlayer',
		
				initOn: 'load',
		
		moduleDomSelector: 'div.cnbcvideo.featuredPromo',
		initData: {
			playerId: 'player'
			,baseFeed: '//feed.theplatform.com/f/gZWlPC/CNBC_prod_global'
			,defaultVideoId: ''
			,relativeVideos: false
			,premiumUser : ''
			,premiumContent : ''
			,proTabData: '0'
			,premiumFeedUrl: '//www.cnbc.com/id/46/services/premium/video/data?token='
			,errorMsgContainerHTML: '<div class="player-error-placeholder"><div class="error-msg"><p>YOUR BROWSER IS NOT SUPPORTED.</p><p><a href="//www.cnbc.com/id/101957793" target="_blank">Please upgrade to watch video.</a></p></div></div>'
			,videoErrorMsgContainerHTML: '<div class="player-error-placeholder"><div class="error-msg"><p>The requested video is unable to play.</p><p>The video does not exist in the system.</p></div></div>'
			,marketingPageURL: 'https://www.cnbc.com/application/pro'
			,adblockErrorMsgContainerHTML: '<div class="player-error-placeholder"><div class="error-msg"><p>We’re not able to play this video if an ad blocker is enabled.</p><p>Please disable your ad blocker on CNBC and reload the page to start the video.</p></div></div>'
			,product: 'inlineDesktop'
			,mutedAutoplay: false
		}
	}
    ,	    {
			moduleId : 'tinypassConfig',
			initOn : 'load',
			initData : {
				    "config": {       "aid": "o19WonOrHQ",       "rid": "PRO",       "endpoint": "https://buy.tinypass.com/api/v3",       "trackPages": true,       "debug" : false,       "signUpPage": "/pro-login-page"    },
       			"product": "web",
       			"templateName": "story_simple",
       			"containerSelector": "articlePayload",
       			"contentSection": "Real Estate",
       			"contentAuthor": "Michelle Fox",
       			"contentCreated": "2017-09-19T18:47:51-0400"
				}
		}
    ,	    {
	moduleId : 'signin',
	initOn : 'load',
	initData : {
		source : 'default',
		flow : 'header'
	}
}
    ,	    {
            		moduleId : 'pageVideoMetaData',
            		initOn : 'load'
            	}
    ,	    {
        
            moduleId : 'internationalization',
        
        
            initOn : 'load',
           
        initData : {
            config    : {"USA":{"edition":"USA","nid":"100746233","link":"/","name":"U.S. Edition", "msgName":"U.S.","mobileMsgName":"U.S.","mobileAlternate":"WORLD", "menuName":"U.S."},"WORLD":{"edition":"WORLD","nid":"100746255","link":"/id/100746255","name":"INTL Edition","msgName":"new international","mobileMsgName":"International","mobileAlternate":"USA", "menuName":"INTL"}}
            
        }
    }
    ,	    {
	  moduleId : 'symbolLookup',
	  initOn : 'focus mouseover',
	  moduleDomSelector : '.symbol-search input'
	}
    ,	    {
		moduleId : 'navigation',
		initOn : 'load'
	}
    ,	    {
	moduleId : 'footerdefault',
	initOn : 'view',
	moduleDomSelector : '#cnbc-footer-responsive'
}
    ,	    {
			moduleId : 'quoteStreaming',
			initOn : 'load',
			initData : {
				showInlineQuotes : false,
				showTableChart : true,
				showFutureChart : false,
				showTickerChart : false,
				showTickerNG : false,
				showTableChartNG : false,
				chartApiUrl : '//api-chart.cnbc.com/api/chart/chart.asp',
				quoteService : '//quote.cnbc.com/quote-html-webservice/quote.htm',
				quoteServiceParams : 'requestMethod=quick&exthrs=1&noform=1&fund=1&output=jsonp&symbols=',
				partnerId : 2,
				quoteUrl : '//quote.cnbc.com/quote-html-webservice/quote.htm' + '?partnerId=' + 2 + '&' + 'requestMethod=quick&exthrs=1&noform=1&fund=1&output=jsonp&symbols=',
				futureQuoteUrl : '//quote.cnbc.com/quote-html-webservice/fvquote.htm',
				futureQuoteParams : 'requestMethod=quick&noform=1&realtime=0&client=fairValue&output=jsonp&symbols=',
				futureUrl :  '//quote.cnbc.com/quote-html-webservice/fvquote.htm' + '?' + 'requestMethod=quick&noform=1&realtime=0&client=fairValue&output=jsonp&symbols=',
				settings : {
					streaming : true,
					streamingInterval : 10000
				}
			}
		}
    ,	    {
	moduleId : 'tabletFriendlyTouch',
	initOn : 'load'
}
    ,	    {
	  'moduleId' : 'lazyLoadFunctions',
      'initOn' : 'load'
	}
    ,	    {
                	moduleId : 'alerts',
                	initOn : 'load',
                	initData : {
                		alertInterval : 30,
						playerurl : '/watch-live-universal?forceStreamAkamai=true&premium=1&popout=true&autoplay=true&',
                        isMobile : false
					}
                }
    ,	    {
				moduleId : 'proAccountNotification',
				initOn : 'load'
			}
    ,	    {
    	moduleId : 'persistentSiteHeader',
    	initOn : 'load',
    	initData : {
    		product : 'web',
    		products : {
    			web : 'web',
    			mobile : 'mobile-touch'
    		}
    	}
    }
    ,	    {
	moduleId : 'lazyloadFragment',
	initOn : 'load'	
}
    ,	    {
	moduleId : 'lazyImageLoader',
	initOn : 'load'
}
    	]);
            

            </script>
        
		  <script id="javascript-lazy-loader" data-loader-url="https://js.cnbcfm.com/minify/js" type="text/javascript" src="https://js.cnbcfm.com/minify/js?modules=core&vn=520"></script>
		

        <!--  Scripts from the skin -->
                    							    		    			    				    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		    				
					    						    					      			       		       		    		    			    				    				
					    						    					      			       		       		    				
                <!-- End of Scripts from the skin -->

        <!-- Global insert_cmsfooter -->
        <!-- MPS Global Footer Insert BEGIN -->
<!-- Start BounceX Tag -->
        <script>
        (function(d) {
            var e = d.createElement('script');
            e.src = d.location.protocol + '//bounceexchange.com/tag/1021/i.js';
            e.async = true;
            d.getElementsByTagName("head")[0].appendChild(e);
        }(document));
        </script>
<!-- End BounceX Tag -->

<!-- Quantcast Tag -->
<script type="text/javascript">
$(document).ready(function(){
  mps._queue.mpsloaded.push(function(){
    mps._log('**** LOADED: Quantcast - cnbc-global-footer-insert');
    if (window.mps) {
        var _qevents = _qevents || [];

        function nbcQuantcast() {
        var lb = "CNBC";
        lb+=(typeof mps.pagevars.cats[1] =="string" && mps.pagevars.cats[1].length > 0) ? ".Section." + mps.pagevars.cats[1]:"";
        lb+=(typeof mps.pagevars.cats[2] =="string" && mps.pagevars.cats[2].length > 0) ? ",CNBC." + "Sub Section." + mps.pagevars.cats[2]:"";
        return lb;
        }

        (function() {
        var elem = document.createElement('script');
        elem.src = (document.location.protocol == "https:" ? "https://secure" : "http://edge") + ".quantserve.com/quant.js";
        elem.async = true;
        elem.type = "text/javascript";
        var scpt = document.getElementsByTagName('script')[0];
        scpt.parentNode.insertBefore(elem, scpt);
        })();

        _qevents.push({
            qacct:"p-9eJ8k4iSzux46",
            labels: nbcQuantcast()
        });
    }
  });
 });
</script>

<noscript>
<div style="display:none;">
<img src="//pixel.quantserve.com/pixel/p-9eJ8k4iSzux46.gif" border="0" height="1" width="1" alt="Quantcast"/>
</div>
</noscript>
<!-- End Quantcast tag -->
<!-- START Parse.ly Include: DOM-Free -->
<script>
(function(d) {
  var site = CNBC_Settings.baseurls.cnbc_base_host||"cnbc.com", // replace with the domain of your site (e.g. parsely.com)
      b = d.body,
      e = d.createElement("div");
  e.innerHTML = '<span id="parsely-cfg" data-parsely-site="'+site+'"></span>';
  e.id = "parsely-root";
  e.style.display = "none";
  b.appendChild(e);
})(document);
(function(s, p, d) {
  var h=d.location.protocol, i=p+"-"+s,
      e=d.getElementById(i), r=d.getElementById(p+"-root"),
      u=h==="https:"?"d1z2jf7jlzjs58.cloudfront.net"
      :"static."+p+".com";
  if (e) return;
  e = d.createElement(s); e.id = i; e.async = true;
  e.src = h+"//"+u+"/p.js"; r.appendChild(e);
})("script", "parsely", document);
</script>
<script src="https://fm.cnbc.com/applications/cnbc.com/resources/files/2017/12/07/parsely_data_4.js"></script>
<!-- END Parse.ly Include: DOM-Free -->

<!-- AB Admiral BEGIN -->
<script id="ab-admiral">(function(a,b,c,d,e){e=a.createElement(b);a=a.getElementsByTagName(b)[0];e.async=1;e.src=c;a.parentNode.insertBefore(e,a)})(document,'script','//nervoussummer.com/40cad7fabed6c884e79a4e286d192a42212f95b4a2dcfe41771324064f6510a6d465b805e1308a6de2f29b32fce73dffe3ba2710980cb2e99b39d282fc0917');</script>
<!-- AB Admiral END -->

<!-- MPS Global Footer Insert END -->
        <!-- MPS ASYNC Application Component - Desktop Insert FOOTER BEGIN -->
<script type="text/javascript">
$(document).ready(function(){
  mps._queue.mpsloaded.push(function(){
    mps._log('**** LOADED: cnbc-cms-footer-insert');
      //<!-- begin FRANCHISE ONLY Ad Refresh -->
      if (mps.pagevars.type == 'franchise' && mps.pagevars.hline != "US Homepage" && mps.pagevars.hline != "International Homepage") {
          if (mps._detect) mpsopts.activerefresh = 1;
          if (mps.pagevars.cats.indexOf('markets') != -1) {
              mps.refreshAdsInterval(120, ['topbanner', 'topflex']);
              window.console && console.log('--[executed]--> MPS Set Ad Refresh (120s)');
          } else {
              mps.refreshAdsInterval(60, ['topbanner', 'topflex']);
              window.console && console.log('--[executed]--> MPS Set Ad Refresh (60s)');
          }
      }
      //<!-- end FRANCHISE ONLY Ad Refresh -->
      (function() {
          if ('mps' in window && mps.pagevars && CNBC_Settings.templateName == 'slideshow_one_page') {
              setInterval(function() {
                  mps.refreshAds('topflex');
              }, 60000);
          }
      })();

      //<!-- Global Web Index: BEGIN -->
      (function() {
          var js = document.createElement('script');
          js.src = '//gwiqcdn.globalwebindex.net/gwiq/gwiq.js';
          js.type = 'text/javascript';
          js.async = 'true';
          js.onload = js.onreadystatechange = function() {
              var rs = this.readyState;
              if (rs && rs != 'complete' && rs != 'loaded') return;
              try {
                  mps.gwiqSect = mps.pagevars.hline.replace(/\s+/g, "_").replace(/[\W]+/g, "");
                  gwiq.asyncjs("cid=c0234&section=" + mps.gwiqSect);
              } catch (e) {}
          };
          var s = document.getElementsByTagName('script')[0];
          s.parentNode.insertBefore(js, s);
      })();
  });
});
</script>
<!-- Global Web Index: END -->
<!-- Sharethrough Load: BEGIN -->
<script type="text/javascript" async defer src="//native.sharethrough.com/assets/sfp.js"></script>
<!-- Sharethrough Load: END -->
<!-- MPS ASYNC Application Component - Desktop Insert FOOTER END -->
        <!-- End Global insert_cmsfooter -->

        <!-- Wires Redirect Popup -->
        

        <!-- End Wires Redirect Popup -->
        

    </body>
</html>
