Emails, employer info. How much your stolen data is worth to cybercriminals. You will be shocked. And reaching a critical stage at the port. The l. A. Port saying it is days days away from a total collapse. We will take you there live. First, to sue at cnbc headquarters. Stocks are rallying shaking off any fears about greece and europe overall. Its not any old rally, either. This one is putting the dow and s p back to break even for the year, and the dow is on track for its best weekly gain in more than three years. Lets get you caught up on the numbers. The dow is up 142 points the nasdaq up 26 and the s p is up almost 14. Oil has been rallying throughout todays trading session. We are better than 6 to the upside on wti and ice brent is up 5. 5 . Bob pisani is on the floor. The important thing is the character of the action, what the leadership is. Rather than showing you the stocks, let me show you the sectors that are strong today. Automotive is strong another good day for them. We have construction stocks metal stocks oil and gas. This is cyclical groups materials and energy on top of oil. You can see this in terms of the etfs. I watch volume because thats where people are putting their money, when you get big volume. We are getting big volume in a couple etfs related to materials and commodities groups. Coal is getting a lot of play. Nobody knows which way oils going. Take a look at oil in the last two days. 52 yesterday, goes down to 47, comes up to 52. 10 swings in either direction. Does that fundamentally mean anything . No. Its traders that are playing volatility, just trying to profit from the moves. I wouldnt say theres a lot fundamentally going on but there are certainly a lot of people trying to make money off the oil business. Automotive, everything firing on all cylinders. Great news from auto nation yesterday. Their rival group had excellent numbers, earnings above expectations. They get about a third of their sales over in texas. Not bad news. Oreilly sells parts they did really well. Their comp store guidance 3 to 5 growth up right across the board. That was an excellent report. Automotives, if we could just have that industry right across the board, the stock market would be 1,000 points higher. Back to you. Bob, thank you very much. Todays rally pushing the dow and s p basically back to break even for the year. However, many analysts are worried about what is actually leading the gains. In other words, why the markets are where they are. Dominic chu here to explain. The good news is we rallied back to break even and the bears have gone into retreat. Here are some reasons why some strategists and traders maybe dont like the price action as much as they could like it if things were better in the economy. You look at todays action. The s p 500 up three quarters of 1 . Look at all the leadership. We have nine green sectors across the board. You heard about the materials sector, big move today. Thats possible takeover news there. You put that aside, look at the year to date picture. Entering today, the sector year to date leaders have been utility stocks a defensive less economically cyclical sectors. Utilities, health care categorized in that way. Less economically sensitive. Telecom stocks up 2. 5 . These are more defensive oriented sectors. They dont speak well about the expansion of the economy, thats the reason why some are concerned. Lu you look at some of the year to date laggards. Take a look at industrials, i. T. Technology financials. The worst performing sector year to date. These are three of the bigger more cyclical economically sensitive ones. If these guys go up it means the economys expanding, things are getting better. As you look at whats happening with the market overall, we know the market is back up towards flat for the year. The optimists will say thats a good sign. The pessimists out there still say that unless these guys are participating, it may not bode all that well for the strength of the overall market. Back to you. Thank you very much. New forecasts on the u. S. Economy. Steve liesman is here with the wrapup. Big downward revision to the Fourth Quarter gdp growth because of a much worse trade deficit in december raises concerns the stronger dollar is hurting the economy. Heres the update. The average of economists who have tracking forecasts, down three tenths on that trade deficit news to 2. 3 with a range of 1. 8 to 2. 8. My guess is the 2. 8s have to come down a bit. Q who is where . Deutsch bank at the top of the scale, 2. 8. Barclays 2. 5. Economics taking. 7 off its forecast down at 1. 8 . Why the strong dollar . Here are the effects we look for. More expensive exports, cheaper imports. That means a bigger trade deficit and bigger trade deficit is a subtraction from gross domestic product, our overall measure of growth. We got that, you can see that in todays report. What you saw is you saw imports went up in part by the way, they are importing more oil to take the place of u. S. Oil thats been shut in. There is the lower exports you would see. Look at the imports coming up. Theres another story i know you will talk about which is important to us, the l. A. Port story. There is some sense of the trade numbers we were just talking about are affected by whats happening with the port. Is that right . Many economists are discussing that now. You have an exclusive interview tomorrow with the philly fed president. I do. It will be his last appearance before he steps down retires. Yes. In march. That is tomorrow. I guess you have it live . Is it live . Live at 8 00. Thanks. Dominic chu . Market flash. We are watching whats happening with estee lauder. Higher demand for its skin care and Makeup Products during this Holiday Season this past one, investors are shrugging off the warning that full year sales would fall more than forecast because of a stronger dollar. In this case shares are up 7. 5 . Rival coty gaining ground hitting a record high on its better than expected Second Quarter profits. Its well known for calvin klein perfume shares among others. Dom earlier broke down the sectors leading this rally, utilities, telecom, health care. Thats a very defensive risk off trade. So is this how investors should play it in the months ahead and what does it tell us about quality of the rally . Joining us jack ablin, chief Investment Officer and burns mckinney. Welcome, guys. Hey, sue. Jack im going to start with you, if i could. We do have a rally but does it worry you that the more defensive sectors of the market are those that are leading this particular market move . It does, to some degree. Of the five Market Metrics that i track, the two that are really holding us in the market are the economy and momentum. With some of the stumbling going on in the economy, given the strong dollar maybe some weak oil thats been digging the earnings thats a concern. You know clearly we are going to watch momentum because if the market does break down rather than look at a buying opportunity to get more s p 500 stocks, we will likely look at that as an opportunity to take a profit and move beyond the s p. Burns, what about you . Are you worried about the quality of the sectors that are moving this market or does that not concern you at this point . Well we actually dont really find it terribly surprising which sectors are leading it. I think a lot of that has to do with increases in market volatility so far this year. Probably the biggest driver for the growth in the volatilely rates is you have the fed easing off so the analogy i sometimes use, if you are driving a car 60 miles an hour and go off a pothole you dont feel it but if you slow that car down to ten miles an hour, you will feel the potholes. Without that momentum we have had from the fed, we will probably feel the potholes more. One of the things as a result of volatility, that leads investors to where the best place to combat that volatility is dividend paying stocks. Some of the ones you name utilities, telecoms with any stock you get your return from Capital Gains and from dividends. Whereas Capital Gains can be positive and negative the dividend component of return is always positive. I think thats one of the big things thats driven investors to places like the Telecom Space which lagged quite a bit last year and as a result valuations remained fairly level. Jack you like the international play, International Large cap and some emerging market exposures. Here are two sectors substantially cheaper than the u. S. Given that cheap markets can get cheaper, what im really watching is some indication that these are markets that are going to gain some traction their momentum will move higher but i will tell you, its remarkable to me that the emerging Market Equities are trading at a 50 discount to the s p 500. Thats the steepest discount that i have seen since 2002 and that was a year that kicked off a decade of merging market outperforming the s p 500 by 230 percentage points. I think we are setting up for a rally outside of the United States. We have had a great move in the United States but i think now the next leg has to be higher abroad. Well have to see. We will see. Thank you, jack. Thank you, burns. Great to have you. Thank you very much. We appreciate the opportunity. Check out jack and burns plays on market volatility in particular. And see how you can ride out the storm. Powerlunch. Cnbc. Com. Ty . Oil up and down lately prices rebounding in a big way this hour. Yesterday they were down. Up 6 almost 7 there, more than 5 for brent. We are watching the oilrelated stocks. Weatherford, one of the Biggest Oil FieldServices Companies cutting thousands of jobs because of the sharp drop in oil prices. What is the state of the sector right now . Morgan brennan has been taking an up close look. You have interesting numbers here. We have interesting numbers. After years of explosive growth we are starting to see job cuts are becoming the norm in the Energy Sector. As you mentioned the latest is weatherford, 5,000 job cuts announced last night with its earnings. That will be taking place in the first quarter. The majority of those in the western hemisphere but also Oil Field Services industry in general, its laying off the most. One of the first impacted as Production Growth slows and rigs come offline. Thats why you are seeing job cuts at bakerhughes 7,000. Also schlumberger. 9,000 cut from its work force. According to gray and christmas, a report out this morning, over 21,000 job cuts more than 40 of januarys total, were the direct result of lower oil prices. Just to put that in a little more context for you, right here Energy Sector over 20,000 jobs lost in january versus 14,000 in the Energy Sector for all of 2014. Most of those are coming from texas but also we are seeing some in california colorado and oklahoma. Interestingly, not really north dakota. At least not yet. This is happening as oil and Gas Companies are slashing their Capital Expenditures dramatically for 2015. So oil majors which spend tens of billions of dollars each year on these types of investments, are cutting spending by double digit percentages. You can see that here as well. We will start over here. Bp decreasing by 13 . Chevron, conaco phillips. The one exception, exxonmobil are keeping Capital Expenditures the same as 2014. Onshore drillers even more impacted. Thats really something to watch because in addition to cutting jobs and cutting cap ex we are starting to see producers sell some of their pipelines to drum up capital as well. We have got reports that incana and Pioneer National resources could sell off Midstream Operations that are considered so valuable. Taking a look at stocks schlumberger up today. All the Oil Field Services companies, most of the Energy Sector names are up in general today. Of course, thats on the back of crude prices moving higher. Also seeing the same with conaco phillips. In general the Energy Sector has just turned positive for the second time this week for the year. Thank you very much. Sue . Its been called one of the biggest hack attacks ever. Anthem the nations second Largest Health insurer, hit by massive cyberSecurity Breach exposing information on up to 80 million people. Bertha coombs joins us with the latest as does eamon javers. Bertha . This could be one of the largest breaches ever of a health care company. Anthem Officials Say they discovered it themselves a week ago today and contained it and alerted authorities. Personal data of as many as 80 million current and former anthem customers and employees was accessed including Social Security numbers which are gold for identity thieves, emails, physical addresses, but no medical data appears to have been stolen. The ceo personally apologizes on a dedicated website that handles the breach saying the companys working with the fbi and others and is promising free credit monitoring and Identity Theft services. As the nations largest blue cross operator anthem has more than 37 million current customers in 13 states and in a more consumer oriented market, winning back trust is key. It is a crisis. They have to manage this properly. They have to assure their Customer Base that they are taking this very seriously, they do have the fbi looking for the very targeted Security Breach and trying to find out who actually did this. It sounds like they are doing all the right things. Anthem reaffirmed its guidance for 2015. Analysts say most of the costs should be covered by cyberinsurance. Consumers cant easily switch insurers as many of us know. The theft of Social Security numbers can expose consumers often to even more risk than stolen credit cards because its really hard to switch your Social Security number. Thank you very much. So how much is your stolen data worth to hackers . Eamon javers has that part of the story for us. Bertha just said some of this data is worth gold to some of these hackers when they steal it. Just exactly how much i learned by talking to some of the folks over at phish labs a Cybersecurity Firm that tracks prices. They gave us the black market internet price of Health Care Data. Turns out Health Care Data is more valuable for the hackers than credit card data. The black market price, somewhere between 25 and 250 for Health Care Records depending on the amount of detail in those records and the degree to which they can correlate those records with other things they know about you, including your Social Security number or also your credit card number. That compares to about 1 to 5 each for credit card data thats selling on the black market on the internet. Much cheaper for the credit card pieces of information. What are the hackers doing when they get this information . Well its mostly insurance scams. Crooks are filing false claims for insurance, they are putting up the name and identity of that person and then stealing money that comes from the insurance company. Also, the information is sold to sick people overseas who then travel to the United States and present mockups of false Identity Cards in order to get health care services. Finally, they are buying expensive equipment like oxygen machines and then reselling that on the black market and pocketing the difference in profit. A lot of different ways these hackers can profit from this information they have stolen. Its very very valuable. It certainly is. I really had no idea. Thank you very much, eamon. Appreciate it. To dominic chu for a market flash. Check out whats happening on the cybersecurity theme. This is an Internet Security firm. The stock moving to the upside on news it has been hired to help anthem investigate its massive cyberbreach. Shares up by 4. 8 . Also some bullish analyst commentary on one of their divisions that does a lot of forensic work with who perpetrates cybertheft. Back over to you guys. Thank you very much. Massive diplomatic push announce dad announceed today to try to end the war in ukraine. It comes as the currency plunges. That is an understatement. Go pro stock down 50 since touching an alltime high in october. The camera now getting camera maker getting ready to report earnings in a few hours. [chris]still smoking up a storm . [tom]yeah. Pathetic,isnt it . [chris] ever try to. [tom] quit . Of course my best time was six days. The worst was. Uh. 23. 4 seconds. [chris] so can i ask you. [chris tom] why are you still smoking . [tom] [sarcastic] its so much fun. [chris]why not call the smokers helpline . The programs free,and. [tom]and theyll tell me. You oughta quit. [chris] not so. Just tell them youre ready to quit. Then,theyll tell you how. [tom] really . You wouldnt have that number on you,would you . This is power lunch. We are watching shares of sprint right now moving to the upside after its Quarterly Sales fell less than expected as it attracted more subscribers by cutting prices and offering more promotions promotions. They added 100,000 more wireless subscribers last quarter than expected. Those shares up by 6 as a result. Sue . Thank you very much. Big Management Changes at two of the worlds top media companies. Sony says amy pascal is out as head of sony pictures. The move comes after the studio was embro