Name is now bargain hunting. What does he like and should you follow along . And meanwhile, in france at this hour, special Police Forces have descended upon a northern town where two suspects in yesterdays paris massacre may be hiding out. They, those gunmen, are still on the loose a day after murdering 12 at a satirical magazine. We will take you live to france in just a few minutes. Meantime though it is a real big day on wall street and sues got it covered for us at the nyse. Hi sue. Hi ty. Indeed i do. Were back in the black. With todays monster rally, right now we are up 289 points on the trading session. Bob pisani come on in here. You know i was saying earlier, nobody really saw the velocity with which this market went down and then went back up. So there are people who are the wrong side of this rally. Nobodys making money right now. I think thats a major problem. Weve had a series of vshaped rallies in the past few months and its been tough to make money. This is a very powerful rally today. It is. Lets show you the s p 500. We were at what 1992 just two days ago . And were at 2059. Thats like, a 3. 4 move. Its very broad. The main reason were having this today is the stability in those macro factors. Number one, oil stabilized in the last couple days. West texas is around 47 48. The tenyear note. Yields globally have stopped dropping. Those are the two most important factors. Wide swaths of the s p are up 2 today. And thats fairly unusual. So we have materials and tech and energy and industrials, all moving along very nicely. Theres fundamental factors. We had very good retail reports on holiday sales. A number of companies raised their guidance. So american eagle, aeropostale, stage stores cato, zumiez. Barnes noble sales were up 1. 7 . Pier one was up 8 . Urban outfitters up 4 . Those are good numbers and i think it speaks to the idea that lower gas and better job growth is, in fact helping some of the retailers. Meantime Charlie Evans over at the chicago fed, comments heard round the world, last night, suddenly 9 00 boom futures moved 1r5 edd 15 points. I said what happened . Everybody said evans is a dove but hes a Voting Member this year and i think that was a major factor. Very heavy volume in emerging marngt markets, etfs. Turkey china, india all have volume today. So lets say a little bit of this is fundamentals a little is stability and a little bit is Charlie Evans, quite bluntly. Absolutely because the market now thinks we have Interest Rates low for a longer period of time. Come on in the conversation kenny. You were saying that this is exactly what we ended at at the end of last year. Right. You know the last day, the 31st, that took us right down to this 2059 level which seemed to be kind of the market felt it was okay took a little bit of that fluff out and repriced it. Then as you see, the early part of the year it was, in my opinion, i think this was all driven by europe. I think that whole oil story is way overdone. I think the whole thing was driven by the nervousness out of greece and europe. We saw that come off the table yesterday when Angela Merkel said germany is willing to negotiate with the new greece government and we saw the action yesterday and then the evans comments last night just fueled this rally right back again. But oil is intrinsically linked to europe and russia. And earnings. And earnings so i dont know if you can really discount oil. Its not im discounting oil. What im saying is the move wasnt all about oil. Everyone kept saying it was all the oil. I think its the much broader what we see is weve just noted, when you see stability in bonds and stability in oil and then look whats happened. Listen, oils trading at 47 a barrel and were trading near the highs again on the s p and the dow. Right. And so thats where it becomes confusing for people. It is. All right. Well try and solve it this hour. Ty, up to you. Thank you very much sue. Lets go to phil lebeau in detroit whos got a news alert on honda. Hi, phil. Reporter hi, tyler. Just a few minutes ago the national Highway Traffic Safety Administration wrapped up a Conference Call announcing that honda has agreed to pay two fines totalling 70 million for failing to notify the federal government and nitsa about incidents where there are injuries or accidents, 1,729 of these incidents over an 11year period from 2003 to 2014. That fine the max of two 35 million fines means that hondas role has been wrapped up in terms of failing to let the federal government know about these incidents. As you take a look at shares of honda, lets be clear that there are still several other investigations involving air bags and other situations involving not only honda but other automakers in washington and with regard to these fines and these incidents, sue, the doj may be looking into whether or not there were some criminal action involved here. We dont know that for sure but we do know that some of this information has been shared with the doj. Sue, back to you. All right, phil keep us posted. Burt white joins us he is chief investment at Lpl Financial and carmine gregoli is with us as well at mizuho securities. Nice to have you here. Carmine, im going to start with you. We were talking about kind of the v shapes were getting in this market and that the volatility has picked up dramatically even though were only in the first couple weeks of the year. How do you handle that as an Investment Adviser . What are you telling clients to do . We are at a stage in the market where i think you have to remain fully invested. You really cant predict the terms. Ive got the market going to 2250 by late summer 2300 by year end. Weve got two very powerful catalysts at work here near term. Youve got a massive decline in Interest Rates, longterm Government Bond yields 20year bonds have declined by 150 basis points over the last year. If you go back in time over the last 90 years and you look at whenever youve seen total returns in the longterm bond market of 20 or more you get a 20 rise in the equity market 91 of the time it rises. The same thing with oil. If you look at Oil Prices Going back to the 80s, and you look at other periods where youve seen a 40 decline in oil prices over six months the stock market goes up 27 over the next year. 95 of the time. So why would i want to raise cash in this environment . Right. I think you probably agree with some of that burt but there are also people down here who are talking about the fact that this bull market is looking very long in the tooth. Do you agree with that scenario or not . Well not really because we know where bull markets go to end, and they dont end because of how long theyve been moving higher. Bull markets end because of excesses. And we dont have very many excesses right now. I think the real important thing to note is that volatility is on the rise and it will continue to be on the rise because thats what happens in the latter parts of market cycles. But i like to view pullbacks as coupons for your portfolio. And i think that the latest pullback weve had, this oilrelated pullback has really offered quite a few great opportunities to clip and go and buy some things for your portfolios. What would you buy . We think transports right now look really good. Look at the Economic Growth in the Third Quarter revised up to 5 strong Holiday Consumer spending. Weve got, you know good Economic Growth. And nothing benefits more than Lower Oil Prices than transports. And yet it dropped 6 in the five days that we saw with this oilrelated pullback. Thats a coupon as far as im concerned. Weve got to clip that and put it in our portfolios. All right, carmine, what would you use your coupon to buy . Well i would definitely buy into the beneficiaries of the Lower Oil Prices which have been also consumerrelated stocks in addition to the transportation. Id be a buyer of retail autos, housing. I think those are all powerful movers in this market. And i also think health care continues to represent some pretty good value. Youve got m a activity likely to accelerate in that area and obamacare is leading to higher demand over time. All right, gentlemen, well leave it there. Thank you so much. Appreciate it, burt and carmine. To Morgan Brennan now for a market flash. Check out novartis at session highs. The swiss group said it will submit regulatory applications to the fda for two treatments against chronic obstructive pulmonary disorder basically smokers cough. After clinical studies yielded good results. That stock currently trading up more than 3. 5 . Tyler. Oil giving up some earlier gains. The billionaire investor mark lazzeri was on squawk box earlier saying investors stand to make as much as 30 on energy debt based on the current price of obligations and the projected cost of oil over the next two years. He also weighed in by the way, on whether oil stocks are worth betting on at these levels. Take a listen. Six years ago everything was going down. Right . So there wasnt as many focus on this. The biggest difference today, i would tell you, is that in the last six years, the biggest macro theme has been energy. So the largest amount of debt thats been raised has been on the energy side. In fact, it makes up like, 20 of the highyield market. So thats why everybodys focused on it. A lot to choose from. Youre talking about debt. We had dick vassovich on last week. Chevron, i think he said it was 4 year or buy exxon. I think he said he was buying it. Does that make sense for viewers who dont play the debt markets but are playing the equity markets, if you will . I actually think it probably does because at the end of the day, if you believe oils going to go back up, really what youre doing, equities are a leveraged bet on that. All right. Were going to drill down now on the drillers and exploration stocks with David Tameron from wells fargo. Welcome welcome. Do you realize that youre one letter away from being david cameron, the Prime Minister of britain . I just thought id throw that out there. When we talk about oil and energy there are obviously lots of subsectors. Which ones do you think right now offer the best opportunities given whats been going on in oil . Yeah thank you, tyler. Its great to be here. Thanks for having me. As i think about, you know subsectors of energy e p sector similar to what we just heard, if you believe that longer term there is going to be some recovery in oil, and we think there will be. Maybe you dont get to 90 or 100, but definitely a possibility to go back to that 70 or 80 range if you believe that. I think within energy e p sector offers opportunity. Theres a couple names we follow. One would be concho. Permean basin. Production this year probably 15 to 20 . Thats going to be above the peers and do it relatively within cash flow. Eog, another name largecap name. Bestinclass management team, great rock as they say, in the core of the oil plays, bachen we think thats another name if we take that 6 to 12month view. Any company with great rocks i want to invest in david. Are you saying here that this is a turning point, or are you just saying that were getting close to a point where these stocks become really atrablgttractive values . Yeah, i dont think were quite there yet. And maybe were getting too cute trying to time the bottom but i still think you need to see some of these capital budgets get announced and for the street to see that okay cap ex budgets are down 25 , 30 . Maybe its that february march time frame. So maybe were just on the precipice but not quite there yet. So give it another month. But those are two names i think longer term are definitely going to outperform. I gather david, you see the rig count going down. Thats number one. Very quickly. And number two, that there are some areas of the Energy Complex that you would shy away from. What would those be . Yeah just with respect to the count, you know right now cap ex we have it forecasted down, call it 25 for exploration and production cap ex. That may end up being a little light given where oil is at if oil stays here, sub50 at 48. At that level youre looking for 6 to 650 off of a 1900 high. Roughly down by onethird. Stocks we would avoid. If you start thinking about the bachen, right now the bachen youre getting sub40 on a net back. You know oasis, they cut the count. I still think its got good inventory. You know theyre fine as far as a longerterm company but near term, some of the bach. En names will continue to struggle. Clear answers and good advice, David Tameron. The dow back up more than 300 points right now . My goodness gracious. Look at that. Europe ending up big today as well. Theres the dow up 309. How about that. The three major averages soaring between 2 and 3 over in europe. Look at that. Here is our chief International CorrespondentMichelle Caruso ka braer cabrera. The focus has been on greece. Is the crisis there in any sense easing, michelle . Theres hopes that theres some deal going to come around if we see this radical leftist win the elections. Tyler, what i like to call hedge fund shuttle diplomacy is under way. The jfk to athens and london to athens flights are filled with Hedge Fund Managers headed to greece. They want to meet with the controversial leader who, if the polls are right,t, could be the next Prime Minister of greece after the elections are held later this month. Hes been so strident in his demands for changes to what the European Union and the imf are asking greece to do that market watchers have grown very concerned that greece will end up leaving the euro either of its own accord or being pushed out. Thats why greeces threeyear yield has shot up to as high as 15 this week at a time when yields all over the world, nearly all over the world, are falling. However, the Hedge Fund Managers come away from their meetings with his Economic Team using the word pragmatic. Theyre told that a greek exit is unlikely. What is likely they say, is that hell push the European Union to forgive what are called official sector loans. These are the loans to greece from the various bailouts that came from other governments over the last few years, and that he will not push for the private sector including the hedge funds, for loan forgiveness. The reason the private sector bonds are really only roughly 10 of greeces huge outstanding debt of more than 300 billion, the vast majority greece owes to the official sector. Reports actually came out of germany yesterday suggesting its leaders would not be against giving greece more time a lot more time to pay back those official loans and also at a lower Interest Rate to boot as long as they stick to some kind of reform program, which is a question. Thats also what has led these Hedge Fund Managers to believe that there is room for a deal. However, these yields are so extremely high tyler, its obvious that thats a minority belief at this point. All right Michelle Carusocabrera. Right now French Police are entering a massive forest in the north of france. They are searching for the two men who attacked that french satire magazine yesterday, leaving 12 dead. The forest is about 50 square miles in total. That is larger than the city of paris. Cnbcs hadley gamble is live in paris for us. Hadley . Reporter well the interior minister was just speaking a few moments ago about that manhunt. We know that 88,000 security personnel across france are looking for the two mostwanted men in france tonight. I want to run you through some of those numbers. We have 50,000 Police Officers searching for these two suspects 5,000 policemen, 32,000 gendarmes. Earlier they were going from house to house searching farms and villages for these two suspects. For you, what we know about these guys theyre both in their early 30s, theyre both french citizens. We also know that they were known by the intelligence circles here in france prior to these attacks. We also know that nine other people are in custody now. Of course, in the rest of france this is continuing a day of mourning here in paris, crowds have gathered once again. I do want to mention one piece of news out of d. C. , and that is that eric holder attorney general, is planning to arrive in paris on sunday. Hes going to attend a meeting of terrorist experts. Of course, this does raise some serious questions about the changing landscape of terror these days especially in terms of the legal aspects of this. We understand, of course, that the Obama Administration is working to close guantanamo bay, among other things. So some serious questions that have to be dealt with going forward. All right, hadley, thank you very much for the update. We appreciate it. Freezing cold here in new york. Its been a very rough week. These pictures are just from a few days ago in washington. So when might we get a break . Heres the weather channels keith carson. Some brutal cold over twothirds of the country this morning, continuing through the afternoon. Take a look at some record lows. 13 in columbus 9 in charlotte, 3 below in wheeling and 20 below in montpelier. Believe it or not, despite the cold temperatures, a lot of record lows were not threatened because it was so cold this time last year. Take a look at these windchills. A place like atlanta, mobile staying in the teens, maybe into the 20s. But it doesnt get much warmer than that. Another chilly night tonight. This is not really a shortlived cold spurt, although this is the coldest part of it. It will stay chilly through friday and most of the weekend as well. Take a look at the northeast here with your windchills staying in the Single Digits in cases below zero through the entire day. This, despite the fact that were seeing a good deal of sunshine. It will remain cold there through the weekend as well. Add to that some lakeeffect snow. 18 to 24 inches a possibility. Buffalo, well be watching them through tomorrow. So a very wintry scene. Some good news for you, though. A little ray of sunshine. It looks much much warmer in the 10 to 15day period. Back to you. Thank you, keith. That is a little built of good news. The s p 500 and the dow now wiping out 2015s losses, both positive on the year. The naz being das trying to do that. Were up 305 points on the dow right now. Thats straight ahead. Plus General Motors revving up forecasts. Phil leebeau is live at gm headquarters for us. Hi, phil. Reporter hi, sue. After five straight years of u. S. Auto sales continuing to move higher, gm believes we could be going above 17 million in 2015. The forecast and comments from Ceo Mary Barrar when power lunch returns. Your moms got your back. Your friends have your back. Your dogs definitely got your back. But whos got your back when you need legal help . We do. Were legalzoom, and over the last 10 years weve helped millions of people protect their families and run their businesses. We have the right people onhand to answer your questions, backed by a trusted network of attorneys. So visit us today for legal help you can count on. Legalzoom. Legal help is here. So ally bank really has no hidden fees on savings accounts . Thats right. Its just that im worried about you know hidden things. Ok, whys that . No hidden fees from the bank where no branches equals great rates. Marge you know, theres a more enjoyable way to get your fiber. Try phillips fiber good gummies. Theyre delicious, and a good source of fiber to help support regularity. Wife mmmm husband these are good marge the tasty side of fiber. From phillips. Welcome back to power lunch. And check out shares of banco santander. It will raise nearly 9 billion through accelerated placement of shares. The bank would raise capital by selling stock overnight to investors. Also announcing a dividend cut. That stock currently trading down almost 6 . Sue, back to you. Morgan thank you. Family dollar missing earnings estimates. The discount retailer also reporting a drop in its samestore sales. And you can see the stock is down on todays trading session. Jc penney closing 40 Stores Across the country by april of this year. Affecting over 2,000 employees. And mgm resorts upgraded to outperform from market perform by wells fargo, citing strong underlying trends in the las vegas market. Lets get a check on the big movers at the nasdaq. Bertha coombs is there in times square. Hey, bertha. Hey, sue. One of the biggest movers is the nasdaq composite itself. 4736 and change is where you want to look. Thats where we started the year. And right now were just positive by about 1 point or so. And a big reason why is apple. Apple, of course, the biggest cap. Apple now positive. And right here at this level, 111. 78, 111. 89 is the level you want to watch. Thats the 50day moving average. If it holds there, then thats fairly positive for an apple close today. Apple is positive for the year up better than 1 at this point. But so are a number of other big caps like monster beverage which keeps putting in new highs. Thats up 9 for the year. Gilyard, bed, bath beyond. No surprise. Tyler, again, no surprise here. The big losers are the smallcap banks. A lot of them with exposure to texas. Back to you. Bertha, thank you very much. Ford higher. The automaker raising its Quarterly Dividend to 15 cents a share. Ford not the only automaker out with bullish news. Gm raising Industry Sales forecasts. Gm Ceo Mary Barra peek speaking out about it. Phil, it has been a year since ms. Barra took over. Its been a rough one, though. Reporter right. Oh a terrible year in terms of reputation and Public Perception of General Motors. But mary barra has been up front about saying look we cant change whats happened in the past. We can only try to improve in the future so we dont repeat the mistakes of the past. The shares of General Motors down more than 10 in the last year, and that surprises some people who thought that the stock would take an even bigger hit given everything thats happened over the last 12 months. Earlier today, with the focus being on whats new for 2015 mary barra gave a fairly optimistic forecast. I think it starts with the core of our products. I mean theres been a tremendous amount of work done and we have, you know several not all of which are announced yet, but we have many launches this year that i think, again, as we go into the marketplace with every product now, were going in to win, not just to compete. And so i think youll see, you know, continued strong product offerings. Reporter so when you take a look at General Motors and its outlook for 2015 this is for Industry Sales. The company is expecting sales pace to come in between 16. 5 and 17 million. Pricing strength gm leads the industry in terms of average transaction prices topping 36,000 per vehicle. And strong suv and truck demand. And thats key for General Motors because thats right in their wheelhouse a strength of theirs is their portfolio in those two areas. Look at market share at the end of last year. Some people will look at this and say thats an alltime low at 17. 8 . Others will look at this and say given what happened in the last year, the fact that they only lost onetenth of 1 thats not bad. 17. 8 , they lead the market. Guys, the bottom line is this. Mary barra said it time and again today, its wonderful that theyre making a lot of the changes theyre making but shes got to higher profits. Thank you very much phil. Big rally today on wall street. The dow up more than 300 points. Most of the major indexes pressing in on a 2 gain for the day. So the question is is that it . Was the selloff a threeday, a fourday affair . Plus one class of really expensive cancer drugs is about to get a lot cheaper for patients. We will explain. And its being called a game changer in the race to find new antibiotics. And it could be just the tip of the iceberg. Very exciting news coming up after this. Barbara just bought a bike. She wrote a tweet about it. You cant learn much from that. But take data from millions of tweets combine that with your companys supply chain and sales data. Apply ibm analytics and expertise, and all of a sudden, you can learn which bikes to build what to make them from, where to sell them. Because barbara and the world just told you how to build a better bike. Theres a new way to work and its made with ibm. Welcome back to power lunch. Im kate kelly with a breaking market flash. The ceo of apache speaking at an Investment Conference earlier today saying that drilling in the allimportant texas shale field may become economic for them at 50 per barrel as deflation sets in meaning lower costs associated with the cancellation of projects and the lessening of competition for drill rigs and equipment and labor and other costs. So some bullish words for the Oil Patch Today as the general sector is on the rise. But apache shares up about 5 tyler. Perhaps on these remarks from the ceo that 50 may continue to be able to be profitable for apache and some other names, which is a lower threshold than i think the market had factored in. All right kate thank you very much. A new recommendation to the fda could pave the way now with cheaper cancer treatments. Meg terrell has that story. This is exciting news. Yeah its a really new thing. So were just hearing this news out of the fda yesterday which could affect some of the most expensive medicines for cancer which are also some of the biggest moneymakers in the drug industry. Were all familiar with drugs like lipitor. Often it opens up the market to cheaper generic copies. There hasnt been a path to market for generic copies in the united states. Thats changing. Yesterday an Fda Advisory Panel recommended approval of what would be the first biologic drug in the u. S. The industry calls them biosimilars because theyre not completely identical. Its called ep2006 made by novartis. It would be a lower cost version of neupogen used to support the immune system when patients are taking chemotherapy. That and a similar drug brought in almost 6 billion in 2013 for am amgen. Dont worry too much about amgen. Its getting into biosimilars itself. I read a little bit about it in the past day or two, a potential breakthrough in the search for antibiotics, an area thats been basically a Bermuda Triangle for 25 years or so. Yeah its one of the biggest Public Health crises superbugs when bacteria have developed resistance to antibiotics. It means many of our most important drugs wont work meaning common infections could be fatal. Drug development hasnt been fast enough. Scientists say theyve discovered a compound that appears to be able to avoid development of resistance of bacteria and was shown to work well in infections in mice. They found it where a majority of antibiotics were discovered, in nature, but its stalled in recent years as 99 of what they find proved unable to grow in the lab. It enabled them to test compounds that previously were out of reach for medicine. The antibiotic is still years from potential use in humans but it could be an important step forward in the field that desperately needs it. And a lot of these antibiotics, i was surprised to learn, come from the soil. Yeah. And theyre really really old. I mean these were found in the 1940s and 60s and we havent been able to find anything new in nature since then. Weve basically dug everything up. They were looking in really fascinating places like sewers and on the tops of volcanos. Come to my backyard. Maybe well find something. Meg, thank you very much. Morgan brennan has a market flash. Ive got to tell you, that was really fascinating stuff. Were going to pivot into the defense sector. Thats after pulling back at the beginning of the year. Were seeing names rally. Lockheed martin general dynamic dynamics, raytheon up 1. 5 to 3 . Back to you. To the bond market now where yields on the tenyear are above 2 once again. Lots of volatility. Rick santelli, tell us whats going on. Reporter well, ill tell you what to say above 2 and make that a reference to wow, yields are moving up is still something thats hard to get used to. And maybe by looking at a twoyear chart of tens youll figure out why. Yes, yields are up a bit. Yes, yesterday we broke the streak of seven downyield sessions in a row, but were still on the low side as you can see on the chart. Maybe the more appropriate place to be looking with treasuries after comments by Charles Evans last night is on the yield curve. And remember if you think central bankers are going to stick around longer especially the u. S. Then the flattening curve has to be less flat and indeed thats the case. Look at 24hour charts of tens minus twos and then the everpopular fives versus 30s. Both have steepened a bit. Its probably liquidation of flattener flatteners. If you look at highyield land and everybody is, lets use our friends at barclays charts whether its a onemonth high yield or fiveyear, you can see the spreads are widening out a bit, although the hygtf seems to be more aggressive. And the last chart, tenyear versus dollar were hovering at the worst levels on the euro since december of 05. But even at these levels its well off its lows because of the word could with regard to what mario draghi said related to quantitative easing and the january 22nd meeting. Back to you. Okay rick, words are very important these days especially when it comes to qe. What exactly is considered fulltime work . Thats the question at the heart of the latest fight over obamacare. What washington decides could have a big impact on business. Power is back in two. The city featured in todays power house has hosted the super bowl twice. Its home to the worlds busiest airport. And u. P. S. Is headquartered here. Can you name that city . Welcome back to power lunch. Check out materials. One of the best performing sectors in the s p 500 today, up more than 2 . Now positive for the year. And leading the way higher headwest vaco. Also Martin Marietta dupont alcoa, also making big gains today, each more than 3 . Sue, back to you. Okay, morgan, thank you. All right, lets check the markets because the Dow Jones Industrial average is just below the 300pluspoint mark. Were now up about 298 points. The nasdaq composite strong up 88 points. Thats lkalmost a 2 move. The s p is up 1. 75 and even the russell is up 1. 5 . Lets get back to the trading action. Bertha coombs is following the movers at the nasdaq. Bob pisani here with me at post 9. Bob, you go first. Were maintaining this gain which is the important part for the bulls anyway. This is a very powerful rally. Now, we were talking earlier about the fact that even though its a powerful rally and were positive on the year nobodys been making any money. I want to point out a couple trends were seeing in the market. Whats up with stocks . Third pullback since september that weve had. And each time we keep making new highs, its true but the amount of time before the pullbacks is getting shorter. Were getting a lot of these v rallies, big down moves and then suddenly shooting up just like in the last couple days. And volatility is up. That may be fun cover. Not many people are making money. As for the earnings were going to start earnings next week. Heres what i see. Weak growth overseas a strong dollar, an Energy Ripple effect. Whats it all mean . I might argue for lower growth going ahead. Sue, instead of 8, 9, 10 Earnings Growth in 2015 a lot of people are lowering their expectations. I hear a lot of talk of 4, 5, maybe at most 6 earnings quote. Now, thats not down but its a deceleration. From what was expected. And i think that might mean a little bit of headwinds for stocks if we start seeing that. Im glad about the retailers, but the upward revisions . The retailers were seeing today is fwafshdwarfed by big downward revisions in energy stocks. Right. Maybe we could change this conversation with more positive comments from other sectors in the next couple of weeks. Okay well watch for that. Thanks, bob. Appreciate it. Lets go uptown to the nasdaq and Bertha Coombs once again. Back to you, bertha. Reporter hi, sue. Small caps continue to be the laggards here. Theyre up 1. 5 to 2 . The move to the upside for the large caps. A big reason why, apple, the largest of the caps today is really on fire. Were seeing some acceleration here as it has moved above its 50day moving average. And as you start looking towards earnings, thats often when apple starts powering higher. Were also watching the chip stocks today. Theyre really one of the laggards so far this year. Down about 0. 5 as a group today. Theyre pretty strong. Biotechs which are the gainers, a few of them to the weak side. Back to you. All right, bertha thank you very much. Ron is editor of Market Intelligence at marketfi. Com. Two things we want to hit on today, ron. After a bumpy start to 2015 to say the least. To say the least, weve had two very positive days. What do you make of it . Is it a signal . What . I still think from the u. S. Perspective, it was a correction. You know, everybody was coming into 2015 absolutely certain that we were going to go up this year for reasons that years ending in 5, third year of a president ial cycle, strong seasonals. Lefthanded president , the whole business. So boom, what happens is this we hit a rough spot right as we come into the year. But you know were recovering nicely and i think this is still a secular bull market in stocks. We just have to get used to a little more volatility and the possibility of corrections based on global concerns. You know yesterday over in europe they reported prices by one measure down and that was the first time in several years on a quarterly basis i think it was quarterly prices had declined. Actually year over year. Year over year prices had actually declined. There is less Central Banks can do with deflation than generally with inflation. How worried are you . How worried should we be did deflation . I wrote a blog piece yesterday called deflationcy. And if you look at whats happening in europe where yields on tenyear german bunds are below 10 . Yields on the japanese a quarter percent. A quarter percent. The bond markets are clearly discounting deflation as a global threat almost all around the world. Even here with 2. 02 on the tenyear, thats still relatively low given how rapidly the economy is growing. I think unless the European Central bank takes this kpeerdly ly extraordinarily seriously, i think its really not being seriously dealt with. Its been telegraphed by commodities, by the Interest Rate structure around the world. And it doesnt seem that everyone, maybe except for the fed which yesterday brought up world issues as a concern for them that anyone is heeding the message of these markets. Ron, thank you very much. Well see you throughout 2015, of course, and sue, down to you. Well take a look at the green, ty and ron. The dow, the s p and the nasdaq still squarely in the green and back in the black for 2015. Well have a look at the stocks moving in this hour of power straight ahead. Plus todays power house is the ninth largest u. S. City. Home depot is headquartered here. And it has posted the olympics. Can you name that city . Want to know how hard it can be. To breathe with copd . It can feel like this. Copd includes chronic bronchitis and emphysema. Spiriva is a oncedaily inhaled. Copd maintenance treatment. That helps open my airways for a full 24 hours. You know, spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace rescue inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens your throat or tongue swells,. You can get hives, vision changes or eye pain or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Sfx blowing sound. Does breathing with copd. Weigh you down . Dont wait ask your doctor about spiriva handihaler. Welcome back to power lunch. Im Morgan Brennan. As oil prices stabilize at least for the time being, investors are getting back into some of the big integrated oil companies, Conoco Phillips chevron, Hess Anadarko all of those gaining today, up more than 2 apiece. Exxon mobil trailing a bit. Thats only up about 1 . But all of them higher today. Back to you. All right, thank you very much, morgan. Time for the power house. We kick off a new year, home to the worlds busiest airport. Can you name that city . You know. Its atlanta hartsfield. We are focusing on the suburb today of dunnwoody. With us from atlanta is realtor with Berkshire Hathaway homes services. Good to have you back. Im going to get some football thoughts on you later because i know you played in the big leagues. Lets check out the atlanta market stats, shall we . According to the local mls service, median price about 446,000, just over four months of inventory, properties on the market for an average of about 80 days. Our first listing is at 1705 redbourne drive listed at 599 highway 599,000, six beds five baths. You take that house, put it in my town its 2. 5 million, 3 million. Yeah, you get a lot more for your money down here in atlanta. Wed welcome you to come on down if youd like. Ill be there. Yeah well its a beautiful house. I mean, traditional style home. Open living room feel. You know its got an updated kitchen. Stainless steel appliances. Open floor plan. For 599,000 its a steal. And the taxes are relatively low, 5,000 or thereabouts per year. Our second listing at 8165 ball mill road. Its just 629,900 taxes about 5,500, 4 beds 4 1 2 baths, over 3600 square feet of living space and beautiful landscaping and grounds, i see. Yeah a little bigger house. That house actually has a fourcar garage marble floor entryway. As you said its just beautiful. I mean, hardwoods throughout. Stone fireplace. Its for a home thats built in 1983, its a pretty good buy. That looks beautiful. Obviously vacant right now, so you could move in and it looks like it is in movein condition. Were waiting for you. Our power house of the week, thats spelled with wyn, by the way, listed at 1. 2 million, taxes just over 9,000. Six beds five baths, 5300 square feet of living space. Tell us about that one. Yeah this particular home is a luxury custombuilt home. Its kind of what the dunwoody suburb is going to six bedrooms, five baths. You know the pool out back is just phenomenal. Its an entertainment dream. It also has a chefs kitchen, Vaulted Ceilings in the living room with a lot of exterior light. You know this is probably i dont know what this would go for in new york but for 1. 1 million here in atlanta, its a good deal as well. A lot more in new york. Let me tell you, in new jersey the taxes would be much higher. You played for the panthers. They have a tough game this weekend at seattle. Who do you like in that game . Ive got to go with the panthers. I cant go against the team i played for. It will be a tough game but i think theyll do fine. Cowboys and packers, who do you like . Packers. Afc, denver and indianapolis. Thats going to be a good game, but i think peytons going to go back and, you though take back his turf. Although its a home game for him, but hes got a thing for indianapolis. And brady versus the ravens. Brady. There are your four picks. We give you power house, nfl picks, thank you very much. And sue, you must be happy, he likes the pack. I am i love him because he picked my packers. There you go see. Well what happens. Its going to be a great end of season for football. Another fight over obamacare in washington. The debate and what is considered fulltime work . The result could have some big consequences for businesses. Plus the headlines that you may have missed in this hour of power. Were back in two. [container door opening] what makes it an suv is what you can get into it. [container door closing] what makes it an nx is what you can get out of it. Introducing the firstever lexus nx turbo and hybrid. Once you go beyond utility theres no going back. Well, a mortgage shouldnt be a problem your credit is in pretty good shape. Pretty good . I know i have a 798 fico score thanks to the tools and help on experian. Com. Kaboom. Well, i just have a few other questions. Chuck, the only other question you need to ask is, what else can you do for me . Ill just take a water. Get your credit swagger on. Become a member of experian credit tracker and find out your fico score powered by experian. Fico scores are used in 90 of credit decisions. Welcome back to power lunch. So a short while ago we told you that defense stocks were soaring. They were. Well, now take a look at some of those names. Names like Lockheed Martin northrop grumman, general dynamics, all coming off those earlier highs on a bloomberg report that the pentagon is seeking a 20 cut in u. S. War funding to 51 billion. All of those coming off those earlier highs. Sue, back to you. Morgan, thank you. In this hour of power, apple leading the nasdaq rally. The stock is trading on the upside by about just under 4 . Its already 1. 5 higher for the year. Honda ordered to pay 70 million to the u. S. Government in penalties for failure to report hundreds of injuries deaths and other claims. And gm raising Industry Sales forecasts right as mary barra nears her first year as the companys ceo. Which brings us to todays Yahoo Finance question of the day. We asked you, as mary barra marks her oneyear anniversary, what grade did you give her . 15 . 31 , 31 , and 23 said d. Ty . Tension in washington over obamacare is continuing. This time it involves defining the length of a workweek. And whos a fulltime employee. Power lunch heads to d. C. Next to tell you why it matters. She inspires you. No question about that. But your erectile dysfunction that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid long term injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision or any allergic reactions like rash, hives, swelling of the lips tongue or throat or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a free 30tablet trial. The fight in washington over obamacare heating up again. This time it is all about the length of a workweek. Hampton pearson is live in wash washington with that story. Reporter as we all know, the 40hour workweek is the standard but its 30 hours under the Affordable Care act. Employers are 50 or more employees must offer Health Care Benefit or face fines of between 2,000 or 3,000 per employee. Well, the republicancontrolled house is on the verge of passing legislation raising the mandate threshold to 40 hours a week. Small businesses particularly the fastfood restaurant and franchise industry are strong supporters of the bill but even some probusiness conservatives say this particular cure could be worse than the disease. An analysis of data from the Small Business administration finds about 29 million employers at large firms work at least 40 hours a week while only about 7 million work 39 hours or less. A 40hour fleshthreshold puts more people at risk. The cbo said half a million americans could lose their Health Insurance immediately. And the joint committee on taxation says another 1 million workers could end up on medicaid or the Obamacare Health care exchanges, increasing the deficit by 73 billion over the next ten years. The Obama White House says the president will veto the 40hour measure if it actually gets to his desk. Sue . Hampton, thank you very much. All right. The rally is intact on wall street. Lets take a look at the numbers. We are off of our best levels of the day, but still a very strong Market Performance today. The Dow Jones Industrial average is up about 268 points. S p is up 31. The nasdaq is up 80 points. And the russell is participating, its up 17 points or about 1. 5 . There are many winners in the market today but a couple of them stood out to us. Meadwestvaco and valero with strong percentage moves. Meadwestvaco up about 5 . One of the reasons its up is because oil has stabilized. Even at lower levels its still the stability in oil that art cashin has said the market is watching closely. Thats basically moved the market to the upside today. We have west texas intermediate down 1. 5 . Brent down about 2. 25 . But were at those levels ty and mandy, that will be very interesting to see whether or not the oil market tests and moves through. And if it does we may see some of the steam come out of this market. All right, sue, thank you very much. And we talked last hour about some of the oil stocks that may be at buying opportunity prices. Were going to talk about that as well on street signs where im in for brian. Sue, thanks a lot. Thats right. Ill see you tomorrow. Have a good show guys. You bet. And street signs begins right now. Please make up your mind markets, after sulking in the corner for the start of the year stocks once again the life of the party, as we saw a moment ago, crude oil is finding a bit more of a firmer footing these last couple of days. Welcome, everybody, to street signs. Im mandy drury, tyler, as you said, youre sitting in for Brian Sullivan who is off on a muchdeserved vacation. Im happy to be here with you guys. Its a pleasure especially on a very nice day in the markets. Lets take a look at where the averages stand right now. With a little less than two hours left