Consumers but the opposite still seems to be the case. This market likes it when oil is moving higher. Last thursday lets all recall oil hit a low of 43 and change. Now were almost 10 above that right now. Almost 25 gain. I will mention Brian Reynolds just hitting the tape saying he thinks this will help stocks fend off some of the weakness we have seen wreryeartodate. There is certainly a lot to watch. Not clear at all just what this move will even. Aetnas sew Mark Bertolini is joining us in an exclusive interview. Why theyre raising their outlook plus well ask him to weigh in on the controversy. The vaccine story was a big part of the show yesterday with kellys interview with senator rand paul. Disneyland in california was kind of ground zero for the measles vaccine debate with that scare out there. Bob iger will be here after his companys earnings are released tonight. Well get his take on all of that. Im sure im sure that bob will have something to say about that. Here is where we stand in the markets with an hour to go. The dow is up 274. The nasdaq look at the s p first of all. The nasdaq is the laggard on this session today. Watching oil here moving higher up almost 10 , 10 lets say in just two trading sessions. Lets goat to the closing bell exchange. A lot to talk about with our guests. Jennifer veil from u. S. Bank is with us today. David kudlow from mainstay capital management. Jeff taylor from digital risk. James lew from Jpmorgan Funds and our own Rick Santelli joining us as he usually does. David, what do you make of this gain in oil . I notice you tweeted about that a little while ago. Well its interesting that investors are placing and the markets are placing so much emphasis on which direction the market should move based on what oil is doing and i think making too much of it. Were looking at how much of this is supply how much is demand and i think these movements in oil day to day have nothing to do with true price discovery, have very little to do with the comply demand equation. There are a lot of forces that move the market and investors are making too much of it. I dont think that the rise from 43 and change to 53 has anything more to do with Global Demand, the Global Growth story, than when it fell by that amount. I think thats what investors need to keep in mind. In some ways the fixed income market is shaking this off. They really havent moved higher. Is that because of some of the remark today or what is going on there . Its certainly possible that some of the remarks have caused yields to pop up a bit, but, frankly, i think it is partially due to oil. I think there is some concern, especially in some of the credit markets around liquidity in the Energy Related sectors and i think this is providing some additional liquidity and some Additional Support for credit. So that generally makes those safe haven assets tend to rise in Interest Rates. So i think its a combination. The comments and the rally were experiencing. James, lets not forget about earnings. The lions share of the season is behind us but theres still much more to come. Well hear from disney tonight. What do you make of what weve heard so far and where do you see the market going . I do think its overreacting to the oil move. What you want to see is stability in oil prices not necessarilyy lyily an increase. Specifically to earnings the Energy Sector has been the biggest detractor of earnings over the course of the quarter. Its gone down by 30 . You also have a stronger u. S. Dollar. So i think the street estimates are still a little too lofty in terms of earning expectations. We think on a yearoveryear basis, you could see in the Fourth Quarter a 2 decline in corporate earnings. James, how much emphasis do you place on the comments from the minneapolis fed president he said the fed shouldnt raise rates, they might have to go back to qe if inflation doesnt pick up here. James . I absolutely think that they need to start tightening in march. Were talking about emergency levels for the fed funds rate. Were not talking about whether we should raise it from 0 to 4 . Were talking about 25 basis points. I understand his comments but i would be more inclined to be in line with jim bullards comments with last week that we need to get the ball rolling on rate hikes. Rick, was that you laughingsing laughingsinglaughing . Of course it was. Do you think anybody out there in tv land really thinks if things stay spongy which is most likely the new normal they wont do the abnormal thing of doing something they have done four times that really hasnt had the desired results . They will. As for oil, i want to weigh in quickly. All you technicians out there, look at the spike high from the 15th of january in crude oil front month at 5127. The fact we traded above and closed above it its the first major technical sign i can give you were working on a bottom formation and that 5127 will be a pivot. As far as Interest Rates, weve had some major reversals here. The flattening of the curve has given us three areas of the curve to watch. 5s, 10s, and 30s. And the 5s never traded below their intraday yield from the famous october 15th. They didnt get below their yield from the 15th of this month as all other maturities did and now they have all reverse reversed. Call it what you will but a big reversal in the eurocurrency, reversals across the board in Foreign Exchange and the reversals in Interest Rates, this could be a shortterm development, maybe nothing long term, but it could be a rip your face off selloff in treasuries if yields start to move much higher. Jeff taylor do you think thats a risk here . That yields move higher . I think to ricks appointments, look at all the oil stocks on the rise. I think thats getting lost in a more Macro Economic environment theyre pulling back on production which means wage rates will continue to go down jobs could continue to be lost. So when i take a step back and say whats it doing for the broader economy, the Oil Companies may be going up a little bit, how is that going to relate to wage growth . People having Discretionary Income to jump start the Housing Market . Its still at a tenyear low right now. When are those millennials coming back to the market . Who would have thought a year after janet yellen basically announced qe would come to an end six months later we would still be looking at the best time in our history from an Interest Rate perspective to buy housing and its still flat. Davidk kudla, you know you like europe. Do you like it because the dollar is going higher . Because the dollar has been beat be down . Give us your rational e right now. Rick is going to love this but the republican i likeason i like europe is because of Mario Draghis quantitative easing program. I wont get an argument from rick except to say qe doesnt do anything. We dont know whatq qe does for the real economy. What we know it does is inflate asset prices. We believe for that reason well see Europe Markets doing well this year. They have problems with structural reform. Greece has a plan that may or may not that troika may or may not buy off on. We haveq qe we have liquidity. And it is a global race to the bottom. Theres qe in europe so we like europe for that reason. Jennifer what about you guys here on the rate picture generally speaking . We did have australia the latest to cut rates overnight. Yeah. There is certainly globally downward pressure on yields but actually thats why were seeing additional monies move into our market. Relative to most of the q10g10 currency and debt our market lets more attractive. The comments he is one of the few members that hasnt come out and said theyre on the path to normalizing the policy rate by midyear. This level of unemployment, this level of inflation, it certainly justifies some level of accommodation but it does not justify an emergency zero Interest Rate policy. Last to james liu again, youre the global strategist there. Do you like europe as well . Do you like what you heard from david . I do like europe right now. I do agree theres sort of this disingenuous trade where you would trade based on the ecb providing some cyclical pop. When we look at the economics, we think austerity is declining across the region which should help growth and, in fact if you look at pmi indicators or Manufacturing Activity they seem to be holding in there. It looks as if there is going to be stability. Im relatively positive about the situation so i do like europe for the rest of 2015. All right. Well theyre liking u. S. Stocks today as well. Thanks guys. We have about 50 minutes into the close. A strong day across the markets. The dow is up almost 270 points. Thats good for 1. 5 . The s p is up better than 1 or 23 points and the nasdaq is in positive territory as well by 36 points. And i have no idea how were going to fit all of this in in the next two hours. Jampacked show heading your way. Disney, chipotle gilead wynn resorts leading the charge with earnings. Well have the numbers the second they hit the tape the instant analysis and the market response. Also joining us the ceos of disney, ryder, and aetna. Well well be back in two. Stay with us on the closing bell. Rally day and some of this i guess we are attributing to the gains in oil with the big gains there over at the nymex. The dow is up 1. 5 right now. Thats the big gainer as you can see. And of the secretarytors were seeing, utilities suffering as Interest Rates moved up but energy the leading category in the stock market today for gains. And our dominic chu is following some of the biggest movers in the session. Hi, dom. Kelly, bill lets sart with whats happening with lear. Kate kelly reported fund activists are urging the company to split in two. Lear responded by saying its going to evaluate the proposal. Shares up by 5 . Big Oil Moving Higher on the back of rising oil prices. It surged 7 oil prices. Its highest point of 2015. The year is still young. Airlines took a hit on the rising oil prices. That inverse correlation holding true today. And were going end with aetna shares gaining ground after the Company Raised its full year outlook. It said its seeing membership and revenue increasing. Up 1. 66 . Thanks very much. Joining us to talk about earnings chairman and ceo Mark Bertolini. I hope the snow is staying away from you. Hi bill. Hi kelly. So far so good. So youre raising guidance for the rest of the year. How much of that is obamacare . Not a lot, but it does provide some tailwind for us. We ended the year last year in the commercial sector and in medicare and medicaid rather strongly, and we start into 2015 with strong growth in Medicare Advantage again but also we have seen strong growth in the public exchanges but the public exchanges and the individual market only represent 6 of our 58 billion in revenue. Wow. Mark, im also looking here at other drivers from the quarter. You had this deal with gilead. You backed their hep c treatment. What can you tell us about what youre seeing . Were seeing higher scrips in the Fourth Quarter. As new drug regimens evolve, it provides an opportunity for people to make a choice but more importantly provides an opportunity for us to get the best pricing available so people can get access to treatment. We think our contract with gilead on this drug will provide a 10 cent tailwind next year in 2015. And can you tell us how much of a discount it is . Are we talking 30 , 40 , more . Our drug contracts are proprietary and confidential so we dont share that information. You know the vaccine issue is very much in the news right now. Its been a political issue for the most part but lets make it a business or heaven forbid lets mick it a health issue right now. Whats your view . The president and the speaker both today said exactly the same thing. They think that all parents should get their children vaccinated, among other things for measles but they dont think there should be a law mandating it. Whats your view and especially as it would pertain to your business if there should be a god forbid an outbreak of some kind. Well i was vaccinated, my children were vaccinated, so personally i believe in it strongly. I think its a Public Health issue, and i dont think we can force people but i think we have options in both the workplace and the schools so enforce some regimen around vaccines. So i think thats where we ought to handle it and by the way, thats an issue thats beyond my reach, but i think an important one. It is a Public Health issue, a big Public Health issue. Mark another issue within your reach, you just raised salaries for lower income workers at your company. Whats been the reaction internally and how much of an impact will that have Going Forward . It was overwhelmingly positive. For the company its a 25 million run rate expense out of a 10. 2 billion xrat b operating number. We have 120 120 million in turnover. We think its a good investment. But more importantly, its an investment for our consumers that are now buying health care on a retail basis and the very people were impacting inside the company are the people that take care of those customers. So we think its an investment in infrastructure for the company and for our customers. Why not raise it more mark . Just curious . We gave everybody as high as a 45 increase in personal disposable income. We think thats a good start. Certainly. You have long been sort of a window for us to watch the evolution of the Affordable Care act, and one wrinkle thats coming up now, a friend of mine told me hes a tax preparer said watch this. And there are some problems cropping up right now. People not knowing about their tax credit maybe having to be refunded or increased. And other issues. What do you make of how its coming . There are bugs in the system still and what do you see enrollment doing down the road here . Well i think enrollment the numbers that the administration are putting out, it will be something around there. We have seen an increase from 600,000 last year to 800,000 this year in total enrollment for our own population. I think we have a number of shoes dropping. Right now people are getting their first bills, and their subsidies changed. Depending how rates changed, the subsidies are changing and then they file their tax returns and that will have an impact on their tax returns. I think that is just way too complicated for people to understand and we need to find a better way to help people understand what their personal financial liability is around their health care and right now this isnt going to work well. Any suggestions . Well, there are a number of ways we can structure it. Weve had those conversations with the administration and with cms. We have some work to do and i think the coming congress and some conversations that will result as we move forward over the next couple years will bring some of those ideas to light. I dont want to get in front of our conversations in washington. Mark also curious whether Health Care Costs generally are increasing or decreasing in terms of the pressure youre seeing. We know the inflation rate has slowed a little bit but your own Health Care Costs are up more than 13 in the quarter. Are double digit increases going to be the norm for here on out . Were seeing in trend, which is just part of the cost increases, about 6 to 7 in trend this year. And so we still think that is low, but were always anticipating that as the economy comes back well probably see be a increase in use as people get more personal disposable income, dont have to make the tough choices they have over the last couple years. We do see the potential for costs to increase more than theyve in the past. Always good to see you. Thank you. Thank you, bill and kelly. Thank you, Mark Bertolini. More reaction coming up to our interview with senator rand paul in the next hour. In particular, his view that a plan for offshore Corporate Taxing would work better. We have the rally continuing with about 40 minutes left in the trading session. The dow up more than 1. 5 . Energy stocks leading the way with the price of oil up shortly. Were comfortably above 50 a barrel on west texas intermedia crude. The oil surge continues. Well go live to the nymex. The latest action in the oil pits and why crude is on the upswing once again. Plus a company thats benefited, ryder systems ceo gives us his take on oil, the collapse the recent rebound and how it factors into his companys profits when we come back on the closing bell. Its a fact. Kind of like shopping hungry equals overshopping. We needed 30 new hires for our call center. Im spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast . Go to ziprecruiter. Com and post your job to over 30 of the webs leading job boards with a single click; then simply select the best candidates from one easy to review list. You put up one post and the next day you have all these candidates. Makes my job a lot easier. [ female announcer ] over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter. Com offer2. Welcome back. Up almost 300 points on the dow. The s p adding 25. The nasdaq 39 and among the interesting stories today, bill mcgrawhill up 3. 5 . Moodys up 3 on the s p settlement why the government. Plenty of green on that map today. Staples and office depot among the gainers as they talk mergers. Meanwhile, a big rally in oil, maybe even an important rally if we believe Rick Santelli. We always believe Rick Santelli. Jackie deangelis is at the nyme