The details ahead with the shares down 4 . I saw you guys playing with that this morning. John was a sport in that. President trump signed that executive order that he says will end the war on coal. Epa Administration Scott pruitt joining us to talk about this on a first on cnbc interview. We look forward to that very much. Meantime, details on that executive order. We are at the white house right now. Bill, the president went to the epa to sign the executive order moments ago. He arrived back here at the white house. The president put in all of this in the context of as you say, ending president obamas socalled war on coal. He said this is about creating jobs. Heres the president over at the epa. My administration is putting an end to the war on coal. With todays executive action, i am taking historic steps to lift restrictions on american energy, to reverse government intrusion and to cancel job killing regulations. What specifically is the administration doing here . A couple bulletnknow. First, undertaking review of the clean coal plan president obama put in place. They say, ultimately, thats the first step in terms of ultimately rolling back that plan. They have to do the review first. They are also reviewing a number of other regulations including on methane and a couple other things here, specifically fracking. A lot of this is all generated towards the Energy Industry. Theres bullet points there reviewing methane and bureau of land management, fracking registrationlations. A key one, resending president obamas coal, leasing moratorium on federal lands. They very much put it in the context of jobs, jobs, jobs, thats what the white house is all about. At the press briefing, though, i asked sean spicer, the press secretary, if the administration has a specific number of jobs they think will be created here. He said, hes not aware of one saying the industry is supportive of this effort, but it will be tough to bring jobs back because of changes in the industry broadly. No specific estimate here as to how many jobs will be created as a result of this. Back to you. Thank you. How will these executive orders Impact Energy companies . Joining us now, ceo of hunter resources, mr. Gary evans. Hello, thank you for having me. The president said its the end of the war on coal. Its not your business per se, but is coal making a comeback . I see it maybe eliminating or reducing the reduction of coal in jobs. I dont see it as rebattlization of the industry. The coal industrys having to compete with natural gas, and thats been the biggest problem, and you compound that with regulation the Obama Administration put in on clean coal, and thats whats killed it. Slow down regulations, maybe the death of the coal industry will lessen. I mean, the coal industrys been in decline for some time. Is it because of the shift in Market Forces or the prices . The efficiencies achieved by technology . How much, though, has been regulations imposed on an industry we know has been responsible for a lot of Carbon Emissions out there . I think its been a combination of two things. Natural gas has been unusually low the last five years, which is a direct competitor of coal. The tax on top of that, regulations of Clean Coal Technology that all the plants have to retrofit and get up to speed with respect to new regulations, and they cant compete. When you compare to countries ke china who use coal and are trying to implement some of the same technologies, i think the coal industry just has a tough road ahead with cheap natural gas. Meanwhile, gary, talk about the impact in the oil and gas sector. How important are the rollback of the regulations compared with, say, the price of these commodities . Well, oil and Natural Gas Prices are at low prices. Oil at 48. Natural gas at 3, and even at those prices, most of the bases in the u. S. Dont really work too well. Theres only a few that do, like the bay son you heard about, eagle ford, some of the utica and scoop and sacks, so what these rollbacks do, just really slows down the regulation burden that the industry is, you know, taxed with over the last eight years, and i think the main thing is the federal lands are going to be opened up. You know, we have not. Able to get a permit to drill a well in federal lands for quite a while. I have friends of mine active in the gulf of mexico, speaking to one at dinner the other evening, saying the regulations really hurt them, but since trump has come into office, the scrutiny they have been under historically slackened. That allows some. Gulf of mexico work to continue thats been heavy burdened by regulations. Rolling back land leases for the coal industry. As kelly said, its not necessarily your business, can you imagine people will pursue leases at this point given the nature of the industry . Well, i think the one that just, you know, was talked about recently up in utah, it depends on the state. If the federal government will relax the regulations, and the states have to determine if their residents want coal. Obviously, coal is a bit of a dirty product from the stand point you do Surface Mining or whether you do underground mining, so i think its just going to depend on state regulations and what happened there. All right. Well, were seeing the coal commodity get a little bit of a boost here, but its not much, if you consider the amount of what weve just been given. Gary, thank you for joining us. Youre welcome, thank you. And be sure to stick around for our first cnbc interview with scott pruitt in a few minutes as he leaves the signing ceremony there at the white house. Or the epa rather. As we mentioned, Federal Reserve vice chair Stanley Fisher was on power lunch earlier giving a forecast on rate hikes this year. Take a listen. So with the average forecast of two rate hikes this year, does that seem to you to be right . Should the market prepare for possibly more or fewer . Seems to me about right. To say, thats my full forecast as well, but, yes, you have to be certain. Well, and coincidence or not, right on time the markets started to take off, we are up 163 points now, near the highs of the session. Lets talk about it in the Closing Bell Exchange today with mark from montgomery scott, keith blitz from post nine here at the big board, and cn prbc contributor at the cme in chicago. Keith, you know, how much do you think this is the expectations that the feds raising rates and implications for the economy on that . Well, its just part of the larger narrative were faced with today. The fact remains up to the selloff in the early tough sessions we had in the equity markets, we are poised for a bounce. Markets dont go up or down. Weve. Riding a high for so long, and when we started to sell off, the call for the 20 correction emerged in our collective narrative, and that was just wrong. When markets get vastly oversold like they did across all the sectors, the industries, groups, led by financials and energyings you are poised for a setback. We got to a buy point on the s p 500 yesterday, down around 23. 10 level. Its bouncing back. You got stanley giving soothing tones to the market. Youve got the media snapback in financials and energy. The dollar oversold is now rallying, also constructive for u. S. Equities. Th that, especially at the same time its overbought. That comes together today. Thats why theres the rally working here today. Jack, we have not seen you in a little while, and i just love to know your thoughts on these markets. Well, i, you know, kelly, one of the things i guess we have to point out is today is t plus three, last day to settle stocks for the kwaur. I feel better about this rally if it were next week opposed to today. One of the things weve seen is the fact that this rally over the course of the last few months has done exactly what it should. It was con pitchlation. You had nonbelievers come in. Its followed by conviction. Now, to get to that conviction stage, we need more than the fed or Stanley Fisher. We need legislative prints. The problem might be we end up like 1981 all over again where the market got ahead of itself. I was there. In college at the time. What happens is we have to pull back in the market. A lot of the tax cuts didnt take effect until 1983, so all the capx was pushed out. We didnt see real 4 numbers until 1983, so something has got to give. We need to see some legislative certainty. We need more than just this is a promise of policy right now. Are you following the market in college were you in college then . Pursuing a ph. D. . Hey, you know what, rick is older than me, trading gold at the time. I have to tell you, yes wow. There was a lot going on. We were the republicans. All right. Hey, mark, so many motivations in this morning right now. The High Expectations for growth after the election as we know, you know, the tax cut, the obamacare reform, and so forth. Now weve gotten used to that, up to the lofty levels here. Are you inclined to wait awhile to see what happens, or are you willing to commit more money to this market . Im willing to commit more money to this market. Maybe not with both hands, but, certainly, i think we directionally continue to climb higher over 1218 months because the good news is it was not until it was built under the economy that needed fiscal progrowth market friendly reforms. Thats augmented, hoping to boost activity, unfortunately, it means the markets vulnerable, a disappointment to the extent its a next year event by way of the legislation pushed deeper into 2017 than had initially anticipated. At the end of the day, the Economic News remains sturdy, and evidence no less by todays Consumer Confidence reading, the highest its been in 16 years. Thats the lot for the market to bite on, build on, and not make huge strides, but continue to advance up into the right. So what are you going to buy . A couple sectors look good. Health care, last years lagger, doing well this year, i think has strong demographics, certainly underpinnings. Theres cross currents with regard to what happens with Health Care Reform, but at the end of the day, i city think Drug Companies sell more products into the global market, not just the u. S. , five years from now than today. Energy, a beat in sector here as recent oil prices have come back 5 or so. Looks attractive. I think the supplydemand story outweighs the dollar strengthening story, and the fact is, more Global Demand than reducti reduction, even with shale coming back online here in the last six to nine months or so. Theres been a couple variance, and the oil, particularly, i think buyers can step in and own today and not necessarily have to wait for the market to pullback more to feel comfortable about valuations. Were showing burrton there, obviously, one of your picks in the sector. Yeah. Also mason, the bioteches and health care as you mention the. Thanks, guys, appreciate the thoughts. Youre welcome. 45 minutes to go here. The dow is near session hes, up 167 points. Think about this. At the low yesterday, we were 183. From that low, weve moved up 350. Off the worst losing streak since 2011 in a big way. 45 minutes to go. The s ps up 20. Nasdaq 43. Russell 9. Watch out snapchat, facebook is imitating the app again. Social media giants plan for domination is coming up next. And still ahead, a major battle brewing between wall street and detroit. Hear from the leading Hedge Fund Titan who wants General Motors to create a dual class structure. Why the shares are rallying. Youre watching cnbc, first in business worldwide. A good rally. Like last weeks big selloff, we are looking for a big reason, not finding it in the rally today, a number of things factoring in, higher Consumer Confidence numbers, and just kind of a bounce after yesterdays big selloff. The dows up 154 points, up 175 at the highs of the session. Well, move over snapchat. Facebook is launching new features on the Smart Phone App that look awfully familiar. Julia boorstn have more. Shares down 4 on facebook launches three new features that are very similar to snapchats. Facebooks new camera is emb embedded in the app, encouraging user to share photos and videos. We have my phone here to show you how it works. Theres dozens of effects like these frames and interactive fitters, and theres partnerships with six film studios bringing licensed content. Check out this here from minions. Fun and interactive. Now, facebook is also launching a story feature for sharing photos and videos for 24 hours. Thats the same format that snapchat pioneered and facebooks other app, instagram, and messenger have each followed. Theres also new option called direction for sharing photos and videos with specific friends for a limited time. We reviewed once, just like snapchat. Analysts are mixed. Jpmorgan said facebooks larger audience would be tougher to grow the user base, and other changes are significant long term risks to snatchs model. The they reiterated the buy rating on snap today with the note titled, imitation is the sincerest form of flattery, guys . We used snapchat filters, but apple is working on this, too, so it seems like once this type of technology is everywhere, doesnt that diminish snaps particular edge here . It seems like it does. Sorry, im going to play around with these as we talk. If you play with them without losing without having to leave facebook, thats app advantage for facebook because theres probably some overlap between the user base. This is my favorite one. Oh, nice. Its keeping users hooked for longer periods of time. The more engagement, it benefits them. Looking at the family of apps, theres messenger, whats app, all about giving users reason to stay in the family and never have to leave. Now, these are elaborate. I have no idea what you said, julia, we are looking at the pictures. Thank you. I think the answer was yes. This is what is from gaddians of the galaxy. Your kids will love this. Hours of entertainment. Right. See you later. Okay. About 40 minutes left in the trading session here. They took the board away. Dow up 154 points right now. Hedge funds billionaire wall street listens, who is fuelling the rise in general motor shares next . Also ahead, epa ad min straiter is joining us to weigh in on the president s controversial executive order rolling back the Obama Administrations energy plan. Coming up. its off to work we go woman on the gulf coast, new exxonmobil projects are expected to create over 45,000 jobs. And each job created by the Energy Industry supports two others in the community. Altogether, the industry supports over 9 million jobs nationwide. These are jobs that natural gas is helping make happen, all while reducing americas emissions. Energy lives here. [and her new business i do, to amjeanetgo. Missions. Jeanette was excellent at marrying people. But had trouble getting paid. Not a good time, jeanette. Even worse. Now im uncomfortable. But heres the good news, jeanette got quickbooks. Send that invoice, jeanette. Looks like they viewed it. And, tada paid twice as fast. Oh, shes an efficient officiant. Way to grow, jeanette. New. Get paid twice as fast for free. Visit quickbooksdotcom. bell chimes nice work brother dominic. Now we just need 500 more. Translated into 35 languages, personalized oh and shared across the 7 continents. other languages spoken look abbot, i got it. Its a miracle. The power of the nasdaq market. The power of 100 of the worlds top companies. The power of an etf. The power of qqq. The thinking we put in, clients get out. Power your clients portfolio at powershares. Com qqq. Before investing, consider the Funds Investment objectives, risks, charges and expenses. Call 8009830903 for the prospectus containing this information. Read it carefully. Distributed by invesco distributors inc. Auto dominating Market Movers like regime motors, higher after Green Light Capital call for gm to split its common stock into two separate classes. E einhorn spoke earlier, listen. I would compare it to an ice cream stand that just serves chocolate and vanilla swirl ice cream. If you gave investors the choice, some like chocolate, some vanilla, some like swirl. If you implemented our policy, theres one share of each, so if you like the swirl that you have today, you could keep the swirl. If youd like more dividends, sell the Capital Appreciation shares and buy the dividends. If you like the Capital Appreciation, the low multiple, share the dividends and buy the Capital Appreciation shares. Got that . But you get sprinkles with that . Thats what i want to know. Green light says the two class stock structure unlocks 13 billion and 38 billion in shareholder value. Moodys said its negative, though. The end of last year, gms board rejected the plan, by the way, saying its not in the best interest of shareholders. By the way, the point about the Credit Rating is interesting. By the way, tesla is gaining ground today. They say they have 10 cents, owner of chinese messaging app, has purchased 5 stake for 1. 78 billion. By the way, did you see the story im sure you did, about the new company that musk started called neurolink yes. Bringing together human Brain Technology with computers, where they implement electrodes and you can download information the way they do on computers. Did you sign up for that . Im thinking thats about the only way i can read war and peace. In the original language. Download and down. Back to General Motors for a minute. What moodys said is interesting because when david spoke with scott earlier, he said he went to gm and spoke with the Credit Rating agencies about this saying they could get a blessing if gm let him do that, and so there is more to it than just gm said it would hurt the stock rating, lose the Investment Grade rating, but this is something tha