Driverless cars being a reality . Would you trust them . Well take a look at that this hour, but, first, lets go to sue who is back at the nyse. Hi, sue. I sure am ty. Stocks are soaring right now. We have a triple digit advance in the Dow Jones Industrial average. The dow is on the up side by 160 points. The s p is higher by about 12. 2 3. Nasdaq higher by 9. 5 or close to that, and the russell 2,000 is up 12. As ty mentioned, oil is really one of the big stories today. Its rallying. Its a best west texas intermediate, and brent crude is up almost 4 . It has a lot of us asking has oil bottomed . Were going to talk about that in just a moment. First, bob come on into the light. Bob pasani welcome back from florida, by the way. Pleasure to be back. We are just rallying in oil here. Oil just jumped by 60 cents in the last 20 to 30 minutes. Were at 52. Moving up. Lets take a look at the arguments. My heavened, there are such arguments today. Some people are against it. Recount is down. Capital expenditures are cut. Theres been strikes in the u. S. Shale sector, and we have a rare day. The dollar is weak today. That tends to help oil and oilrelated stocks. This is the names you know really well. Bp had some cautious comments but keeping the dividend that stock is up 2 . Royal deutsche shell. Royal deutsching up a short while ago. Chevron below 100. These are the last couple of days. All of them have bottomed here. Other sectors in the energy plays are moving up strongly today. Mcdermott is up. Transocean. Herbing lose, one of the big drillers. Look at the moves. They too, bottomed several days ago. Lets move on. Base metals are strong. Its want just oil. Copper bottomed several days ago, and it looks like its trying to rally again here from the second day in a row. That means stocks like copper names like Freeport Mcmoran and southern copper also strong here. Up 4 5 6 . When you are interested in this sue, theres an etf for that. You can buy the companies themselves but you can also buy the metals. The dbb has a huge volume today. On aluminum and zinc. These are futures contracts on the metals. Theres an etf for that. Dbb is the symbol. Of course theres an etf for that. Theres an etf for everything. Up to you. Terrible story to tell you. The Islamic State hitting a new low. Burning a captive jordanian pilot alive. Amman javers has more. Its a gruesome video of the jordanian pilot in a cage being burned alive by isis forces. The u. S. Intelligence community saying its working now to verify that this video is accurate. Just a few minutes ago, president obama said that if it is accurate the video shows the barbaradi of the Islamic State. Heres the president. I dont know the details of the confirmations, but should in fact, this video be authentic, its just one more indication of the viciousness and barbaradi of had organization and this organization appears only interested in death and destruction. Now, the fate of this pilot, tyler, has been a very closely watched story in jordan among the public there. One of the followon effects will be to watch and see what impact this has on domestic opinion in jordan of jordans participation in the fight against isis tyler. Thank you very much. Eamon. Sue down to you. Such a horrible story. Oil rallying again. Erasing its losses now for 2015. We showed you the numbers before, but theyre worth looking at once again with west texas intermediate up almost 5 . Ice brent crude up 3 3 4 . Crude prices have sujed in the past four days. Check out gasoline. Up in the past seven days after being down for the past 120 days. Prices up 14 in the past week. Has oil finally bottomed . Joining us from the nigh maximum is peter who is president of chicago energies incorporated. Thats the question that everybody is asking down here peter. What do you think . Not sure whether or not its bottomed yet for the longterm. One of the things were seeing here is the saudi king died and all of a sudden were not having the same news out of opec. They were talking prices down before. Now instead of talking prices down, he dies and you get news coming out that they see 200 crude at some point in the future. It just seems that the news were getting out of opec is changed. All right. So if you you are a betting guy. You have to bet on the markets every day. Are you betting that it continues to move higher and if so by how much, and are we going to go lower and by how much . Well, with the price action that we had recently since we went through yesterdays highs, technically it does say that we should test up to 60 in the very shortterm. Whether or not that holds true in the longterm, i dont know. I dont see anything happening fundamentally thats going to keep it up at those levels. Appreciate your perspective. Ty, up to you. Well, sue, as bob mentioned just a moment ago, Energy Stocks have been rallying this hour. With oil prices soaring over the past few days Oil Service Companies most notably perhaps are going along for the ride. Dominik chu has been tracking the big movers in the oil sector, and heres some that have done pretty well. Well i mean if the overall oil sector is filled with all different kinds of companies, you got the explorers, youve got some of the refiners, you have the oil services companies. You saw as bob mentioned transocean. Its big. Some of the mcdermotts are up big. Check this out here. Yeartodate these three stocks have been the best performers in the s p 500 Energy Sector through at least the end of yesterday. Theyre up 10 a piece. Theyre on a huge run over the past two weeks because of the price action in crude oil. If you take a look going back to midjune, back when crude prices peaked for wti, college this out because valero you can see here, over the past year is still up about 10 , and then you go through and cycle through again with whats happening with tesoro and some of the other names here. They, you can see here as well tesoro, up about 38 over the course of at least since june 20th. You can see there a big move higher. Then, of course newfield exploration, that lost a quarter of its value since that june 20th period. The Energy Stocks are getting a bid underneath them. Would you be entering into them at this point . Weve seen a significant bounce over crude prices in the last few days. The fears is it is predicated on news like recounts obviously coming down. The january recount number was eyepopping, and also cap exs announcements that weve heard from all the oil majors and all the companies about how much theyre pulling back of cap it ex. Thats good news. Remember, production is still going up. Thats going to continue but the process isnt like flipping a light switch. Our production in the u. S. Is going to go up at least two the first half of 2016 and, by the way, opecs production in january was up over december. You know the supply response will happen. It just takes a while. This may be a bit of a head fake bounce here, but its constructive to see, you know a few days stabilization as Commodity Prices that help the broader market. Its encouraging, and it may not be the last but its certainly working in the right direction. Just be careful not to john why dont you weigh in on that . We did see exxon with the results, and everybody thought they would cut cap ex and they didnt. They are raising dividends in various parts of the sector. How do you feel about big oil . I fwrae with art. Certainly for the health of the entire oil market ilgs better to see the price of crude up 10 to 15 the last four days than down another 10 to 15 . The dividend is being increased by some of the stocks. If you want to play the dividend game, not necessarily just in oil, you like brookfield properties. Why . Well, you know the thing about dividends is people have been in names like proctor and game bell, microsoft. You know these are names mcdonalds that were offering attract i yields but you have a material capital drop in the value of those shares over the last month or so. You are looking at a business that owns tremendous assets. They got a deal to get can ari wharf in london, and Brookfield Place in new york. They own about onethird of general growth properties, you know malls in the u. S. Theyre growing about their funds from operations about 10 roughly yearoveryear, and we just think, you know at 4 better than 4 yield than we think theyre going to raise it again when they report tomorrow, thats a safe attractive place to generate dividends. Art, give me your best place for dividends. You know i agree with john. He brings up a good point. You are talking about consistent defensive dividend capture. We see that in the mlps. If you think about mlps, like a magellon. It transports Energy Product in the United States that holds about 40 of it between production and refiners, and heres a way to sit back and have a distribution that is steady, its feebased, its not on the stock market. You actually have current consistent dividend yield and certainly a lot higher than you get from the tenyear treasury right now. As we look at your safest plays, i think john made a good point. There are some dividend plays that have gotten over bought and i still think theres a lot of opportunity in the mlps. All right, thanks, guys. Appreciate it art and john. You can check out arts other dividend plays by going to power lunch. Cnbc. Com right now to see what else he is pullish on. Once again, thats power lunch. Lunch. Cnbc. Com. The carmakers out with their latest sales figure bes. Autonation ceo spoke on squawk box wrerl today about whats selling. Truck sales have gone from mad money 47 of the mix a year and a half ago to now over 55 of the mix, and the trend absolutely continues. In chicago now with more details on these strong numbers. Hi, phil. Hey, tyler. Just getting some new numbers in from hyundai, subaru mercedes. Listen to this. Best january ever for the following automakers. Not just in the last couple of years, but ever. Subaru mercedes hyundai, nissan, jeep. Bottom line is almost every brand had a big month last month. Here are the major automakers. All of these guys are up better than expected with the exception of ford and most of these guys are beating the estimate by 1 to 2 . Whats important here is to focus on the big three. Gm ford and chrysler because so much of what they sell are trucks, suvs, and crossovers. Then you look at whats happened with trucks and suvs. Look at General Motors first off. Sales up 42 for pickup trucks last month. The colorado is just moving into showrooms. Its doing very well. The silverado had a big month. Jeep up 23 last month, and, again, best january ever for jeep, and, finally, lets take a look at ford and the new fseries. Now, on the Conference Call today, sales Conference Call for the month, they indicated that the volume is growing, but so is demand. Transaction prices in january for the fseries up 2,100 compared to january of last year, and the highend versions those are selling so quickly that as soon as theyre coming off the truck into the dealerships, the paperwork is you can done. Theyre calling up the people and theyre being sold shipped out immediately. I want to show what you were going to be looking at a little later this afternoon. This is the annual sales pace. Now, well get the Monthly Sales rate for january, and most are thinking its going to be about 16. 5 million. What we are looking at are more and more people in the industry tyler and sue, who are saying, look, we are going to pass 17 million in terms of auto sales for 2015. One final thing to keep in mind a lot of people have been emailing me today saying look were getting suv sales up just as gas prices are going to start to go up. Thats going to hit the brakes on demand. I dont think so. Not any time soon. You will have to see gas prices go substantially higher. Im talking about over 3 a gallon before you start to see a big slowdown in terms of suv and truck demand in this country. Back to you. Quick followup, phil. Those numbers that you cited, those are yearoveryear right . Correct. January over january, and i know that last january, january of last year you had the snowstorm. Thats my question. Bitter cold. It kept people out. When you are having the best january ever it is clear that its not just an easy comparison here. I also understand january is a slow volume month for the auto industry. That said the commentary on the sales call as well as talking with dealers, theres Strong Demand out there, tyler. You knew what i was going to ask. Dominik chu with market tyler, were watching shares of hca holdings the nations largest hospital operator. The stock is moving. Down by a percent and a half. Forecast aing lower than expected 2015 full year profit. This after investors shrugged off its better than expected Sales Forecast and a 24 jump in Fourth Quarter net profits. The stock, again, down by about 1. 5 , tyler, today. Back to you. Dom, thank you very much. Groundhog day was yesterday. Anybody notice . Here it is. The same thing all over again. Thats waterbury, connecticut, digging out from yesterdays snow but guess what there is more on the way. Heres tom nizzle. We have plenty of cold air locked in place across the northern u. S. Our next weather system is going to put down a large swath of snowfall. Lets get to it here. In the wednesday time frame, kansas city, st. Louis des moines, you come into play with a couple of inches of snow. The clipper system moves quickly to the east coast so that wednesday night we see the snow across the lower great lakes and ohio valley and by thursday that translates into new england where new york and boston are, again, going to come into play. Total snowfall from this event probably in the range of one to three, three to five inches across the midwest. Three to five into boston. Five to eight further north towards down east maine. Slight changes in the track of the system. However, could mean significant differences in the snowfall. Stay tuned for further updates. They dont get this weather in naples florida. Stocks rallying on hopes of a debt deal in europe. Is this the man who could save the euro zone . He is greeces new finance minister. Who exactly is he . Our michelle carusso cabrera knows. She spoke with him. As we look at the s p 50000 sectors this hour. All green except for one. Welcome back to power lunch. Check out shares of agco the Agricultural Machinery maker. It has a better than expected Fourth Quarter result. You can see shares up by 9 cents. Other stock equipment stocks higher as well. Think about john deere and cnh industrial moving higher. Back to you. Thank you very much. 50 years after her first and her only and very famous novel to kill a mocking bird was published the author harper lee is coming out with a sequel. The now 88yearold shes been working on at a long time. Go set a watchman. It will be released on july 14th. Amazon. Com has preorders at 59. 99 for the kindle edition. 33. 24. No hard cover editions at this point. Barnes noble so far does not have any preorders listed. Sue. Thank you. The nyse delisting all radio shack shares and suspending trades. Also, reports amazon and sprint are considering purchasing radio shack stores. You can see amazon is down just a fraction on the day. Office depot and staples higher on reports that the two are in merger talks. Wendys announcing it will sell about 500 restaurants to franchisees franchisees. The hamburger Chain Planning to shrink stores to 5 of all wendys branded stores. All right. Ty, back to you, guys. Thank you very much. An bankrupt turnaround for the markets. You know somebody plugged in the hair dryer here. Its obviously what happened. It wasnt you. It wasnt ron insana and it wasnt me. The curling iron, who did this . Here come the lights. The last two sessions is this a sign that risk is back and reflags trade is replacing a deflation trade . Ron insana is the editor of insanas Market Intelligence on market fi. Com. You were speaking with a source who was talking about a perverted yield verb meaning that it might actually be steep, but negative. Here come the lights. Go ahead. Places like switzerland where short rates are negative. Long rates are even more negative. In as a deflationary trade. Now, in the last two days tyler, weve seen the big snapbacks in oil, in interest rates, in the stock markets around the world, and its just about everywhere. If you look at japan rates, thief jumped here in the states. Theyve jumped in germany. The question is whether this is a counter trend move. You know, counter trend moves can be short sharp, and scary if you are short these markets, and can be corrective after weve seen a 60 decline in oil. Now were up more than 10 in a couple of days. You may resume moving the other way. Im not sure were there yet, but we have massive stimulus coming from the ecb and more from japan. The fed could as we you know the fed could stay loose. The fed could be in the dark. I would guess that for now the risk trade is on and its a trade. It may not be an investment. Sfroo im going to bring in michael as we walk over to the main set here. Michael, you just spoke to James Bullard of the st. Louis fed, and he was giving an address in i guess it was, down in dover, delaware. Here come the lights again. Who cares . Were walking over here. What did he say . He talked about interest rates, and he talked about breaking up big banks. You talked to him. Well he did, tyler, and we were presenting at the university of delawares 2015 economic forecast. It was a Lions Company event. He said some vaet pretty strong things. He said that the Unemployment Rate will be below 5 by the Third Quarter of 2015. He also said this is no ordinary oil price shock. This is going to be persistent and lasting and to quote him exactly, he said this is no small matter. He was asked about too big to fail, and i said the fed doesnt really know what to do about that. I do. Smaller banks. Absolutely, unekwifically smaller banks. Sue, down to you. All right, guys. Thank you. Plenty of headlines out of europe this morning, of course. Theres one in particular that has been moving the markets, and Michelle Caruso cabrera that is that report. Yesterday the markets moved on the one sentence this man made to the world. Now th