House ways and Means Committee chairman, paul ryan, hosted treasury secretary jack lew in a discussion on the prospects of tax reform. First, we have breaking news a major rally in equities and in oil. Its go to the breaking news desk and our chief markets correspondent, scarlet fu. Lets head into the bloomberg terminal where i can show you what is going on. The Dow Jones Industrial average in the yellow and the s p 500 and white, reach new highs for the day. The nasdaq is in green. The dow jones has added more than 150 point and is now headed for a sixth straight day of closing up or down by at least 190 points. There is that volatility summary people warned we would see in 2015. You can credit the rise in oil for the strength in equities. Youve got rent crude set to close more than 20 above its january 13 close. That would meet the technical definition of a bull market. Brent crude in a bull market if you can believe it. Scarlet, thank you. Back to the u. S. Budget. Treasury secretar