If congress does move on relaxing the u. S. Ban on exports of crude oil. Ill keep an eye on that story which the white house says they still prefer their administration to address. We take you live to the nymex for the latest shortly. And fitbit soaring again today on nufz a corporate account with target. We debate whether this stock is more than a fad bill. They order 335,000 fitbits theyre going to hand out to all target employees. Thats a lot. Plus mad money meets closing bell. Jim cramers going to join us today. Hell be live from the dream force conference out there in San Francisco. Hes with the ceo of Western Union coming up shortly here. But in the meantime lets get to the story of the day. Jackie deangelis joins us now from the nymex with this big rally on oil today. Jackie . Reporter good afternoon, guys. Thats right. A near 6 jump in oil prices today. We havent seen a move like this since august 31st. That was one of the days we popped 8. 8 . So these wild swings continue when it comes to oil prices. We have three main factors that really drove us eyer today. It started with the eia this morning. A pretty bullish report by all accounts. Not just on its face because of the inventory number, a drawdown of 2. 1 Million Barrels. But when you dug deeper you saw that imports fell a little bit. You saw u. S. Production getting closer to 9. 1 Million Barrels a day. Refinery runs, they wrup. And also a drawdown in cushing, nearly 2 Million Barrels. We havent seen that since february of last year. All of these factors taking us up. Then you had the headlines coming out that u. S. Boots were on the ground in syria. And while syria is not an Oil Producing region you know psychologically this impacts the trader mindset. When theres conflict in the middle east. I will emphasize that we have defense officials saying its an advise and assist role only. So nothing too major there. But at the same time psychologically traders bid oil up. The third issue was the technical setup. It was the perfect setup to move higher. We broke through the 50day moving average, 46. 50. And we end up settling the session at 47. 15. Having said, that can we go higher from here . If these factors continue to persist, we probably will. Brent crude got over 50 a barrel today just before the close. It retreated a little bit. Back to you. All right, jackie, thank you for now. Our Jackie Deangelis joining us for his take on todays move in oil is alan nukman from bar chart. Youre saying the goldman call that oil was going to 20 was a sign of a bottom here. You think oils going to keep moving higher now . Weve seen a sentiment shift. And that may have been the last gasp. I really like how things have bottomed out this time. The last sell we saw in mid august at the end of august where we saw the markets rally from 37 to 50, that was unnatural. Markets dont usually make a bottom like that. And what weve seen in the last 10 to 12 sessions is a test of this Halfway Point at 43 and a failure repeatedly. Today were making new tensession highs and a move back above 350 50. 50 is the midpoint of the 37 low to the 67 high a few months ago. So 50s a very important pivot. We get back above that you can see the short scramble some more, something im keeping an eye on as a proxy is the Canadian Dollar because thats really suffered with crude prices over the last few years. The Canadian Dollar down at its lows could be an opportunity for some up side move. Were talking about the magnitude of this gain today, alan. 5 1 2 right now, almost 6 . And this is just on inventory and this report about syria. Doesnt it feel like its overdoing things right now or is this a technical move . Is that the point youre making . I think its a combination of both. This market gets very emotional to downer moves and bounces. Its important to see how we follow through. A push above 50 and close above 50 on a weekly basis can probably mean a bottom is in place in the near term, but things do get overdone in this marketplace all of the time. And you can see this snapback when the shorts have to cover. And thats really what im looking to see here if were going to get any followthrough on this over the next few sessions, and prove that weve got something behind this. Just briefly, alan, whether Congress Moves ahead to relax the export ban on oil, is that a key part of todays move or of Energy Shares and oil price moving higher in the medium term in general in your opinion . I think the sectors been so beaten and battered that anything can be viewed as a positive just to stop the downward momentum. If the market can get any support or any stability, that can be very much a positive for the stock market in general because youve got to remember that sector comprise about 8 or 10 of the overall s p and its just been a drag. So if the Energy Market can stabilize that can be very much a positive for the whole marketplace. Alan knuckman, good to see you. Thanks for your insights on oil. Look whos back. Cnbc contributor Heather Hughes from sun america funds, back. Good to see you. Good to see you. I missed you guys. We missed you too. Also with us steve grasso from Stewart Frankel at post 9 here at the new york stock exchange. And Rick Santelli is in chicago as well. Steve, im going to start with you. Weve got the fed meeting, the announcement tomorrow. Weve got expiration on friday. Weve got the oil move here. Is that whats all contributing to this rally in equities or is there Something Else going on do you think . I think you hit it on the head. I think a lot of this is preloaded, bill. A lot of people have to square up their books. Weve harnl selloff in just a handful of days and guys got short off of that and now you see guys covering ahead of that expiration, ahead of the fed. Why would they expose themselves to extreme volatility on friday or the day of . Because you get a lot of these whiplash markets Going Forward. I think guys are forced to cover and guys that want to resort this market, this is a level of resistance here right up to 2,000 in the s p cash where you really want to lay back into them. If you believe that the market is going down, which a lot of people still do. Meantime, that tenyear, correct me if im wrong, 2. 3 continuing to creep higher ahead of this fed decision tomorrow. A plus for kelly. Yes. As a matter of fact, you i have a couple of charts loaded in. Whether its a twoday of twos, tens or 30s, the short term did tinker with yesterdays high earlier. But the 10s and 30s are zooming. Youre correct. Nobody knows what janet yellen and stan fischer are going to do. I think looking to the markets for clues. What were seeing are clues that point to what steve said. Trying to deal with as much of the unknown as we possibly can, mostly from a defensive standpoint. And i think it makes perfect sense. I cant tell you whats going to happen but i certainly hope, certainly hope we have some normalization tomorrow. I think capital being put into companies that dont deserve it because rates are lower, are companies that would have existed that arent because they havent been created because capital isnt doing what markets force td to do and that is going to the most efficient, the most productive investments and the ones that cant hold their own shouldnt have subsidized grades. But one thing i can tell you for sure, things like a 250 or 260 10 doesnt sound rational, does it . But neither did october 15th of last year. I guess what im saying is do not be shocked if we see volatility in yields that dont seem possible right now. But i think the good news, if good news is lower yields for many out there, that the dynamics of the Global Economy will prevail after the volatility diminishes. You know, heather, you were gone for three months, you missed a lot but you feel like you didnt miss anything, right . Yeah, i missed nothing, right . What are we still talking about . The fed. Look, its been warned. We have been warned. And it has been telegraphed that theyre going to raise rates over 18 months of near zero rates in terms of Interest Rates. Its time. For that to happen. So rick, i hope i can get a plus from you as well that the path to normalization is somewhat normal. Especially in our industry. In the Mutual Fund Industry right now. Look, the retail investor, theyre not billionaires. Theyre not the average hedge fund or Goldman Sachs where theyre a quarter point is really going to affect them in the short term at the end of the day. Over the long run perhaps. But right now theyre getting rates at prime plus one, prime plus two. In the future Fund Industry it really may not mean much, tomorrows quarter point or even throw out a trial balloon of a 12 bip and eighth increase. Yeah, we keep hearing that rumor coming to the fore. That would be so anticlimactic if they did that. Heathers kind of focusing on the Retail Investors for the longer term. What do you think is at stake for these markets tomorrow . How coiled is the spring waiting on the feds decision one way or the other . Whatever the first move is is probably the wrong move. But as i said when i started off i think its preloaded. I think a lot of this rally has already eaten up its clock. So i would assume youre going to see guys maybe rally a little further based on closure but then sell them off into that print. I just dont think im not in agreement. I dont think they can raise rates. I dont think they should. I dont think they can. I think theyre paralyzed at this point. I hear you getting back to a little sense of normalcy. But we usually raise rates in an environment of inflation, better global growth. But we have unemployment at 5. 1 mers, one of their mandates. I get it gdps in crisis, steve. Total crisis. I totally get it, and i agree with you on a lot of levels when we look at just america. But unfortunately, the two you guys understand it, its whether i agree with it or not doesnt make any doesnt matter. The fed is looking at global growth. Right or wrong, they are. Or else rick and heather, they would have raised rates a lot earlier than, this would they not have . Dr. J had a song in 1973, grasso. Not dr. J youre on with. The song was right place at the wrong time. With the fed, and i think mr. Hogan said, that might be the wrong time, but its definitely the right thing to do. Contrary to popular belief you might think the markets actually would decline if we dont see a rate increase because everybodys expecting that to happen and it would be a positive sign. All right. Well, we will know tomorrow at this point, well know what happened. By the way, heather, congratulations to your hubby on the welcoming of samantha. There she is. Thank you so much. Three months along. Very happy for you and your husband on that one. We just heard her first word is qe. Yes. Qe forever is coming. Put her in front of the tv, ill put her to sleep no, problem there. Thanks, kelly. Thanks, folks. See you later. 50 minutes to go into the close. The dow is up 130 points, building on yesterdays gains. That means weve got a significant rally going into the feds decision tomorrow. The central bank beginning its meeting today. The s p 500 up 15. The nasdaq 23. The day before the fed announced this. Jim graham will be with us. Editor at grants Interest Rate observer. Hell be speaking with kelly exclusively next hour. Find out why he says Monetary Policy has entered into the twilight zone. And up next jim cramer speaks exclusively with Western Union ceo live from the dreamforce tech conference in San Francisco. That company in the middle of so many payments trends. Also, bill, the refugee crisis. Well talk to him coming up right after this. Here at the Td Ameritrade trader group, they work all the time. Sup jj . Working hard . Working 24 7 on mobile trader, rated 1 trading app in the app store. It lets you trade stocks, options, futures. Even advanced orders. And it offers more charts than a lot of the other competitors do in desktop. You work so late. I guess you dont see your family very much . I see them all the time. Did you finish your derivative pricing model, honey . For all the confidence you need. Td ameritrade. You got this. The 306 horsepower lexus gs. Experience the next level of performance, and theres no going back. Lease the 2015 gs 350 with complimentary Navigation System for these terms. See your lexus dealer. Announcer babies who are talked to from the time theyre born. Are more likely to have a successful future. Talking and reading to children in their first years has a huge impact on what they do with the rest of their lives. The fewer words they hear, the greater their chances of dropping out of school and getting into trouble. Talk. Read. Sing. Your words have the power to shape their world. Learn more at first5california. Com parents 165yearold company. How can you stay relevant in an age when i thought we dont needbrook support . We are in 200 countries. We have 500,000 locations, 100,000 atms. What we do is we really adapt our Business Model to the customer needs. Some parts of the world you can see it today, the people really need cash. By the way, 8 30ers of the world payments are done by cash. In africa 99 . In south asia over 90 far over 90 of the transaction is done by cash. What we do is we combine the digital money. In San Francisco where we are here at the salesforce. Com, dreamforce event we combine the mobile money with a location, somewhere in uganda or in sri lan lanka. Or in perhaps what is a very sad humanitarian crisis. Youve got people going from syria, from afghanistan, from libya, and they have to have money. And they cant get it any other way than Western Union. First of all, its really a humanitarian crisis, whats happening. There are a Million People moving through europe for a better life. We have to understand the humanitarian crisis, which our customers are really migrants worldwide. There are about 250 migrants worldwide. And apart whats happening now, people are moving from syria from the war zone, a terrible situation, Getting Better opportunities for their children or their families. On their way there they need cash, to take a bus or to take a train. The relatives in canada, for instance, sending money to their relatives in serbia, or in hungary or in germany for their daytoday needs. And i think most people dont realize but it isnt like all borders are free. You cant do business in a lot of these countries. But because of legacy, Western Unions there. Its the crossborder as you said. We are in 200 countries. We pay out in 13 currencies, 23r507bz actions every second. And thats the needs where we combine that. And in the middle we have this settlement. Antimoney laundering engine which transfers money really in digital way, in minutes, and we turn that money, digital money, into customer needs somewhere in cash or somewhere in an account. Last quarter much better nan expected. You beat and you raised forecast. Some of this is back to an old business that you have which is mexican immigrants returning money. This business has gotten very good for you again. Yeah, i think mexico, were very well positioned. We have a good welltrusted brand. Numbers show up, we are gaining market share. You know, the combination of sending digital to a location orkz works in mexico, location to location works in mexico. We do also very ethnic marketing. We do understand the customer needs. We speak their languages. We speak in my employees speak about 75 different languages every time. And really ethnic marketing is efficient. And the Customers Trust us. The mexican people trust us. Its hardearned money. If you make about 500 or 1,000 a month, half of the money goes back to the loved ones. And number one reason is the educational reason that your kids have a better life. And they trust us that the kids in mexico, in rural areas, wherever that is, get the money. At the same time youve been returning money to the shareholders because its been a consistent theme of pure regime, Western Union. We have a good cash flow and we have a good program or dividend yield is about 3 . Then we also have a good stock buyback program. I think the company is doing well. Our new strategy combining digital with retail is working very well and also the business is doing very well. I also think its important for this humanitarian crisis. Youre not just helping. Youre actually helping the refugees themselves. Yeah. I think we are helping. This program. Because the refugees today are also our future customers. Besides that were really helping. Were giving them you have a package of every transaction done in European Union gives also back to the refugee crisis. Thats a nice note to leave it on. Western union ceo. Thanks so much. Guys . Jim, we thank you both for thant view. Jim, while we have you, can i just ask, were about an hour away from oracles earnings. Youre out there at salesforce. Theres still plenty of takeover talk about these two companies. Benioff took a couple of shots at oracles Cloud Strategy on their last call. Are you picking up anything, jim, you might want to keep in mind as we wait for these numbers on oracle today . Yeah. We have an interview with mark benioff, also behind us. Salesforce. Oracle is not merging with salesforce. Its just not happening. Its staying right off the table. I think what does matter is oracle is trying to move into the cloud. Salesforce is trying to move into what i call just being a customer friend. And i know that there is what i actually regard as a friendly rivalry between the two. Oracle itself is a very inexpensive stock. When you want just plain vanilla earnings. A return of capital