Star state reporting on the impact of low oil on jobs and the economy in the great state of texas. First, lets get to bob in the heart of all the action down at the nyc. I can hear smashing in the background. All those records being smashed again today. I believe its been the best twoweek gain for the s p in three months and im just looking at the leaders here. Energy and materials are on fire. Once again. At that level this will be a new historic closing high. Well see if we get there here. Intraday inteks for new highs, theres a bunch of them. The s p 500 is an at intraday by semiconductor index, i mentioned this all week its been at historic highs. Midcaps have been historic highs. The nasdaq is at a 15year high. The russell is close to new highs as well. Well be keeping an eye on that. Leading the charge as mandy mentioned is energy and will we see brent up very strong this morning and close west texas intermediate. We get some of the more volatile names up. Danbury, halliburton, bakers hoousz apache, anadarko, all of those names are up 2 , 5 , or 6 . This is what i mean when i say a growth bid to the market this week. Look at this. Tech materials, Consumer Discretionary are the big market leaders along with industrials and financials. What you dont see here is more of the defensive names that are out there. Like you tilts. Straight down the last month. A lot of creation. Theres a lot of shorting going on. Shares here are going up because traders are trying to short a utilities because they see higher rates coming. The stock goes x dividend. I was quite surprised that zales didnt move much tiffany didnt move much. There wasnt a relationship on whether the economy was going up or down at the time. Back to you, tyler. Hat day, no . Well im sorry. Theres a deadlock ahead of mondays euro group meeting. Both sides say there is still hope for a debt deal and that hope is reflected in greeces market. Over the past week it is up 11. 25 . With the s p 500 once again hitting an intraday high. While the u. S. Market is doing well, the german dax is on fire. Its out performed the s p yeartodate. It is up by 12 . Should you be betting on the u. S. Or germany at this stage . Which you can do by the way, through etfs which mirror the performance of the dax. Three of the biggest ones are dbgr and dxge. Great to see you there, bob. Germany or the u. S. What say you . I think ewe very interested in whats going on in europe. Were seeing good strong gdp reports. Youre seeing growth out of there. Its not going to come from the euro zone or uk or latin or south america. Its going to be coming from the United States. You know why go overseas if you are a Retail Investor and have an argument thats predicated on growth in the United States. If you are a professional investor like we are, we have dedicated Portfolio Managers that are focused just on europe and on other parts of the globe. Germanys economy in the Fourth Quarter 0. 7 . More than double expected. Now theyve got qe. Their own qe being unleashed. Theyve got that at their back for the entire euro zone where is our qe is already wound down. The economy might pick up and you might see Economic Activity as far as the banking demand is concerned, but i think, again, if you are a Retail Investor and you are working out of the back of a truck, it doesnt make a heck of a lot of sense to have an argument thats predicate odd growth coming from the United States to sort of put all your money on there or to have an overweight into that area. Its going to stay keep rates low for a long time. About half of that leaves the euro zone. Theyre well positioned for growth. I think the latest gdp numbers reflect that theyre starting to kick in. Okay. Weve got to leaf it will, guys. Sorry. How much lower could they push Interest Rates before they go to negative rates . In many cases theyre pushing the negative rate already. How aring going to encourage people to go out and secure a loan if they havent already done it . I dont get that. Final word to you, darren. I think the rates are going to stay low across the euro zone because they need to fuel growth. Clearly that worked for the United States. I think that low rates wont fuel growth i think is a misconception. I think it has worked in the United States. Sorry. Thank you. You can also check out bob and darrens energy play. Go to power lunch. Cnbc. Com and see what the play theyre talking about is for that sector. Okay. Lets get a little bit further south. Brian sullivan is in galveston, texas, for power lunch today, and, brian i understand you have the weekly bakers hughes reet count. What kind of numbers are we looking at . Down 84 oil rigs. We lost over 90, but that includes gas. Oil is what were dawg about. Hello. The weekly drilling rig count fell again. Down 84 for the oil rigs. Now oil rigs down 367 from one year ago. This according to bakers hughes. Canada added one rig. No real difference there. Guys, i also just want to caution everybody. Remember, huge difference between a rig and a well. Rig is for future production. The current production is at an alltime high. 9. 22 Million Barrels per day in america, guys. Even with the decline in rig counts, its still a record high for u. S. Oil production. Thats why were here in galveston, texas. Ill tell you what were doing in a bit. Rig counts down 84 weekoverweek. Back to new jersey. You point out, it is really the production that matters the most there. That is at a record high. Lets move on now farther out west. Fears of a Measles Outbreak now growing in Silicon Valley. This after Health Officials in San Francisco say a linked in employee infected with the measles may have exposed tens of thousands of people commuting on the citys metro train system. Scott cohen is in palo alto with the latest. Hi, scott. A linked in employee up in San Francisco has contracted the disease, and before it was apparent the east bay of San Francisco. At least a couple of times during toward the end of the week around february 4th and 6th. Ate in a San Francisco restaurant, and so indeed many people may have been exposed. Linked in says its followed although protocols and notified all of its 7,000 employees around the world, and its working with Public Health authorities. Then theres the issue with the daycare centers. The herd imunit threshold that keeps us all protected. 92 vac tination rate. Many say 95 . We have a google facility at 68 . A cisco facility at 59 . A lot of things could impact this, though. The Companies Say its a snap shot in time and theyre still working at parents to get their immunization records in. Thats part of it. Also, if the facility has a large concentration of infantsz that arent vaccinated that could affect things. Public Health Officials say you have to look at the whole picture. Not just individual facilities but in that area we are not not where we should be according to an Infectious Disease expert at ucla who says this Measles Outbreak could indeed grow and could indeed grow by here in Silicon Valley. Tyler. Thank you very much. Scott cohen reporting. Dominik chew now. Market flash. Tooil, what were watching here is the big casino and gaming stocks. Think las vegas sands, wyn resordz and mgm. Can you see theyre anywhere from 1 1 2 to three 1 2 . It notes there are favorable air traffic and trends developing for las vegas, and it adds that airline seat capacity is going into the city and its showing the strongest growth since mid 2011. That could be a good driver of visitation to the city and core revenue trends specifically for those casinos. Tyler, back to you. Dom, thank you very much. Airline business going strong. Probably dont need to tell you that. Delta employees receiving the largest profitsharing payments in company history. Phil lal bow. Hes numbers will probably surprise a few people but they shouldnt given the success that delta has enjoyed over the last several years, and in particular last year today the Company Announcing profitsharing for all of its employees will total about 1. 1 billion. That will be split amongst roughly 80,000 employees at delta. That works out to every employee on average getting about two months salary as part of the profitsharing. I talk about delta being successful. Look at the growth in profits over the last four years. They have had a huge runup in particular 2013 to 2014. 4. 5 billion. Thats a heck of a move there in terms of pretax profits. Now, some people will look at this and say, well sure gulf coast jet fuel prices have dropped over the last four years. Therefore, its going to help the bottom line. Take a look at shares of delta. Most of the move is because of the fall in jet fuel prices but, mandy, this is the kind of news that people will look at and theyll say, boy, i remember it was less than ten years ago when Richard Anderson took over this company. He said be patient. Eventually things will pay off. Its paying off today. Back to you. It has paid off indeed. The shares just today down about 1. 5 . Thank you so much phil lebeau. Well power lurching is back in texas. What does low oil mean for the local economies . Better take it to a restaurant with prices get this, that are set by oil. Stay tuned. Know that chasing performance can mean lower returns and fewer choices in retirement. Know that proper allocation could help increase returns so you can enjoy that second home sooner. Know the right Financial Planning can help you save for college and retirement. Know where you stand with pnc total insight. A new investing and Banking Experience with personalized guidance and online tools. Visit a branch, call or go online today. Continuing the slide after costco ended its 16year relationship with the car giant. A costco exec is telling dow jones that the decision came down to costs and saving money for their customers. Also, this morning bank of america and Merrill Lynch downgraded mx to underperform. It cut its price target to 78 a share. It was 109. Mx shares are now down a total of 9 since that news broke. Back to you. Dom, thank you very much. Conagra foods and the company name the new ceo. There you see the stock price down 4. 5 today. Purchasing the organic Food Producer applegate farms. That deal pricing up to 1 billion. Hormel has grown 23 over the past year auz see there. Red progressin shares regaining lost ground after missing earnings and on the top and bottom lines. The stock had increased nearly 6 in the past 12 months. Its a little bit higher today. Manned where i. Lets get back down to brian in galveston, texas, since he has gone all that way. You have been taking a look at how one particular Restaurant Owner is cashing in. How is he doing this . Well, theres a lot of comparisons to make in 1986 given the steep drop in oil. Most people say its not nearly the same economy as it was. He found awe way to go back to 1986 in a lighthearted way. Take a look at this. Steve zimmerman has seen it all. Oil booms and oil busts. Ill show you theres great stories. All from a his pip is the owner of one of houstons finest Boutique Hotels and restaurants, and he says that even though oil has fallen so far so fast this time it is nothing like the epic oil bust of 1986. Theres a concern, i think, because all the headlines and media is talking about oil and the newspaper is saying let 2000 get off here and 2000 there. Thats when the idea hit him. Serve a lunch whose cost was based on the daily Closing Price of a barrel of oil. Stwloo its kind of a fun thing that they say, hey, the economy is going to go up or they will be affected with oil prices. It is going to make us think a little built, but lets have some fun. The marketing mrou worked, and even during the tough times, he said he often had a line waiting to get in. Two weeks ago he brought it back. Only this time its a 51 dinner instead of a 9 lunch. Zimmerman acknowledges that oil may not be the be all end all it was back in the 198 0z but it is still a part of houstons dna. The Major Oil Company in the world thats head quartered here for the host part and International Banking is effectively the ten tickles of oil are all over the city. So guys kind of a semi lighthearted look. Obviously steve is going back in time and resurrecting this. Its reality a house. He founded a Company Called humble oil in humble texas. Humble oil became a little little known thing about exxon. He does have the actually in the restaurant building. Its pretty cool. He was a great sport for hosting us. Thats incredible. Yeah. I love that. Its a ru sort of in terms of a corporation raising to riches story from very Humble Beginnings to well what it is today. Now spending is about to be revved up. What cyber stocks are worth buying right now . All the pecks coming up on power lunch. Then our crime and punishment series. Casinos are known for having top security. How did a group of conmen walk out with millions of dollars. The wild scam that was all caught on camera. [ male announcer ] legalzoom has helped start over 1 million businesses. If you have a business idea, we have a personalized legal solution thats right for you. With easy stepbystep guidance, were here to help you turn your dream into a reality. Start your Business Today with legalzoom. Prices are closing in london. Gold is sitting at 12. 28 to the up side by 7. 70 an ounce, but we have had some ups and downs over the past five days leaving gold slightly lower for the week which would make it the Third Straight week of declines for that precious metal. As for some other metals lets take a look at silver. To the up side. Copper, slightly lower. Paladium and platinum also moving higher. Lets go to dominik chew for a quick marshall flash. Mandy, the higher gold prices mean were seeing those gold mining stocks head higher as well in todays trade. Our daily check of those companies shows that some of the larger players, like numont mining are all trading to the up side. As are the market vekters, gold miners eff and the gdxj. Back to you. Ill pick it up from there. Rick santelli you are tracking all the action at the cme. Ricky, whats happening in the bond picks today . Well theyre getting ready, of course, for a threeday weekend, and the market is being sold off ever so slightly. Look at a twoday chart. Were not up to yesterdays high yields but were getting close. Open the chart up to the first day. You can see we see yields in place. Look at the dollar index for that same period since the last fed meaning. Its gone nowhere quick. Maybe a little perspective is necessary. Open that index xhart up for a 20year chart, and even though were at 11year highs, were a long way from the 120 high you see on that chart. Tyler, mandy, back to you. Plus internet stocks that benefit the most that the government starts pouring more money into the space. All that and more. Im bertha combs. It looks like atlantic citys luck may be changing. New date why shows the eight surviving casinos saw close to a 19 increase in revenue in january. The overall revenue from an internet bet, slot machines, and table games came in at 197 parking lot 5 million. There is an investigation into that the allegation that argentinas president was involved in a coverup with iran. Canada has its first case of mad cow in a beef cow. It was discovered in the province of alberta. No part of the cow reached human or animal feed systems. An update on a story we told you about last hour. Have no fear alibaba workers wont get their bonuses Lunar New Year but they will get them later this year in april. Weve been telling you about the big white house Cyber Security valley jarrett will tell us all about it. Im bertha coombs. Now back to power lunch. Thank you very much. Lets go to dominik chew. Tyler, were keeping an eye on shares of the health care partners. This is the provider of kidney dyalysis services that hosted better than expected profits and sales. It also reiterated its fullyear outlook. The shares you can see are down by 5 . The company is of particular interest to some investors because the companys biggest shareholder is Warren BuffettsBrookshire Hathaway which at the end of a Third Quarter had a near 18 stake. Neck week well find out if the company added to or since mandatory holdings are due next week. Those are known as s13f filings. Cyber Security Center stage today as president obama meets with tech leaders out at Stanford University. About a half hour from now he is going to push for a more cohesive sharing of Cyber Threats between business and government. The summit is a step in the right direction but we still have a long way to go. He is back with us from london. James, welcome back. Good to have you here. I think in the past week one of the things that was most concerning to americans was this major breach of Anthem Health a health care company. People are very sensitive about anything that has to do with their Health Care Records and so forth. Its a relatively small percentage that they might be doing for