And welcome to power lunch. Im melissa lee. Stocks keep surging. New records for the s p and nasdaq and the usual suspects keep hitting fresh new highs. Corning, electronic arts, nvi nvidia, the list goes on and on. On pace for its best day since march 3rd, snap has traded over 44 million shares today. That is more than double its 30day average volume. One of the key catalysts for had monday, the surge in the price of oil. Crude hitting nearly 50 a barrel. Lets get the latest from the y nyse floor and bob pisani. Reporter and thats the key. The market in the rotation. Lets put up the board. Whats been weak throughout the year is this energy, banks and retail. Whats leading today . Energy, banks, and retail. This is what i talk about this rotation. Consumer discretionary but theyre lagging today. Take a look at sectors in 2017. Yes, tech and Consumer Discretionary but, look, banks and energy have been laggards. Theyre leading. This is why the market keeps holding up near the top. Old stocks keep coming to the fore. New stocks go down a bit. Oil up nearly 2. Thats saudi arabia and russia announcing yet another ex tension to their supply cutback. Nice moves up on the big oil names here. Oil over the 200day moving average for the first time in a month. Melissa was mentioning new highs. Its mostly tech stocks and, again, four of the five at interday highs. Only facebook today among the five not at a new high. Why are we up there so much . Its not a mystery. Earnings guidance has been strong. I emphasize guidance. The Global Economy is improving, lower geopolitical risk, krcred remains strong overall. And, im sorry, folks, you might complain about the vix being around 10 but quiet periods tend to accompany above average market returns. Low volatility does not imply the markets are going down. Guys, back to you. Robert, thank you very much. The big question now is does this market have more room to run as we keep pinniging new records. This morning on squawk box glenn view capital ceo layrry robbins gave us his ideas. Well likely grind higher. We try to find have you underneath, and we certainly are finding lots of value with companies that are keeping focused on executing their own businesses growing and we think m as are an increasing driver in value per share. Were focused on a lot of internal growth stories that have an m a component. The Senior Market strategist with Voya Investment management and david with jpmorgan asset management. Karen, listening to Larry Robbins there, he didnt mention washington once. As you look at all the things on the investing horizon over the next, say, six minutes to a year, where does washington where does the trum you agenda fit . Is it number one, is it number ten . Its closer to number ten. What happens in the market usually does not depend on washington. It depends on earnings like bob pisani was saying. Its always earnings. Earnings are Getting Better in the United States. Theyre going to be good for the rest of the year and, also, outside of the United States in europe, in japan, in emerging markets. Were seeing Earnings Growth. So absolutely its all about earnings so washington makes a lot of noise. But that needs to be on the bottom of the list but its not affecting earnings. David, do you agree with that . I do agree. I think youve seen any optimism around policy change be priced out of the market over the past couple of months here. If look at earnings estimates coming back to the theme of earnings, theyve been relatively unchanged since election day last fall. So what i think were seeing is a much healthier, nominal growth story. Youre seeing that continued rebound in corporate profits and a fundamental reason for investors to bid up the price of equities. When Earnings Growth wasnt around from 2014 to 2016, it made sense that stocks didnt really go anywhere. Now that the profitability is back, there is room for this market to grind higher. As i listen to the two of you, two very smart people, weve spent most of the last week and when i say we, i mean us in the media, wringing our hands and rubbing our temples and going whats going to happen to the trump agenda . And i hear you both say dont worry so much about it. Karen . Right, absolutely. But weve been telling you that. Were seeing that global synchronized growth and earnings are respond iing accordingly. Even though washington does make a lot of noise, its not affecting these earnings. However, we do see when we do see tax cuts and we do see some regulations and some repatriation, were going to see earnings go even higher. Everybody sitting on the sidelines will be saying, gosh, i wish itches in the market as we see it continue to go higher. David, did i characterize that right . Are we paying too much attention, fretting too much about the trump agenda as it will affect my money . I think that there is a little bit too much of a focus on politics. Poll it particulars are inherently uncertain. We cant really predict with any real accuracy the way things are going to play out. So wed much prefer to focus on the things that we can predict with accuracy, the Economic Data or the earnings data. And i think the key thing here for investors is to focus on the signal and ignore the noise. Theres going to be plenty of noise. Theres going to be plenty of debate among politicians both here in the u. S. And around the world over the remainder of this year. But focus on the economic signal. Global Economic Activity is getting healthier, profits are rebounding around the world. And, frankly, i think this is the stage in the Business Cycle when theres one last pop in equity markets. Low volatility is not a reason to be fearful as bob mentioned earlier. The three times that they realized volatility has been this low the market has had a nice run over the subsequent years so this is the time to get invested rather than thinking of pulling out. I love, love, love, what im hearing, tyler. We sit next to each other. I dont have a lot of hair but ive been yanking it out over this trump agenda question. Ive questioned it, karen, and i like what youre saying. I put up a funny joke map on social media where its like d. C. And not d. C. The rest of america. I understand politics matter. I understand the media is all wound up about President Trump, you but the rest of the country is actually doing quite well on its own, is it not . Right. Maybe we just ignore the insanity inside the beltway as much as we can. Not completely. And go on with our investing lives. Right. You cant ignore it completely but think about this. Think about manufacturing numbers. Think about the consumer. Consumers are continuing to be strong. Were going to get housing numbers tomorrow, and the Housing Market continues to do well. We see that in some of the retailers that have to do with housing and building. We see inflation is still muted. The fed is still accommodative. Everything is going in the right way and people are worried theres a contrast between the hard and soft data. Not really. Its pretty darned good. Thats what you have to focus on. And with profits like weve been saying, profits continue to accelerate. Theres no reason to not be in the market. Karen and david, a pleasure. Good discussion. Thank you very much. Thanks for having me. Thank you. Still ahead, new saber rattling from north korea, word that the white house is looking to, well, maybe clean house and, oh, yeah, a worldwide cyber attack playing havoc with thousands of computers all over the world. Todays press briefing, which is an empty podium, should be are interesting once its filled. Well bring it to you live once it begins. Cyber security stocks are on the move following that cyber attack. Many fear it is not done wreaking havoc just yet. We have the very latest in what could be coming next when power lunch rolls on. Made it through many marketade swings. Sure we could travel, take it easy. But weve never been the type to just sit back. Not when weve got so much more to give when you have the right financial advisor, life can be brilliant. Ameriprise where are mom and dad . saved money on motorcycle insurance with geico goin up the country. Love mom and dad im takin a nap. Dude, you just woke up im goin up the country, baby dont you wanna go . Im goin up the country, baby dont you wanna go . Geico motorcycle, great rates for great rides. Welcome back, everybody. Cyber security stocks surging today as the virus is continuing to wreak havoc around the world, the massive cyber attack has hit 150 countries so far. To josh lipton live with the latest on this case. What is surprising many is the sheer scale. 200,000 computers affected in over 150 countries and new attacks. Cyber security stocks pushing higher, just take a look at fortinet, symantec and pro proofpoint. It demands unlocking files. Its not just government infrastructure under assault here but also Companies Including fedex and renault. As for the fallout here the department of Homeland Security telling me we are aware of a small number of potential victims in the u. S. , but there have not been significant disruptions to their operations. We are working with them to confirm and mitigate the threat. It uses old versions of microsoft discovered by the nsa. Analysts say theres plenty of blame to go around for developing windows without a Strong Security model for networking, also i. T. Managers that didnt stay up to date on critical security patches and then the role of the msa saying this attack provides yet another example of why the stockpiling is such a problem. The white house will be addressing this attack at its press briefing today. Back to you. Josh lipton, thanks so much. How serious is this attack . Should we expect more soon . Lets bring in the form earp cia officer expert and the cofound earp of the Cloud Security alliance and an expert. Gentlemen, great to have you with us. Nils, given how much it has spread since friday and what appears to be the diminishing number of case that is have come up over the weekend and through today, what can you tell us about whether or not this is going to die out or how bad it could actually get. Well, i think, you know, what we have seen is the first wave and theres plenty of vulnerabilities around that can be exploited. As we have seen a large number of systems globally that have not been maintained or patched that use outdated systems or software. And it really depends on how crafty and agile the attackers are here in updating the payload, the malware they push out. There could be other groups that after seeing the spread of this and how easy it actually was to more or less jump on this and create their own campaigns and infect machines. It seems a successful attack has emboldened other attacks. I want to focus in on a point josh brought up and that is this attack is based on a tool the nsa had developed and effectively stockpiled, one of many tools the government stockpiles in order to take advantage of digital vulnerabilities wherever in the world. How secure are these vulnerabilities from themselves being hacked into and then used . Well, what happens here is when Software Companies put out new products, there are flaws and problems in those products that they plan to fix up over time and it comes from the beginning of time. The internet was built around massive sharing of information and not heavily structured around security issues. So what the nsa and u. S. Intelligence agencies do like others is look for those vulnerabili vulnerabilities, zero day flaws. They use some to go after our enemies. If you want to know whats going on in north Korea Nuclear program, the Iranian Missile program, this might be a way for u. S. Intelligence to get in there. John, what seems to be happening here is that the software company, it could be microsoft, adobe, java, whatever, they are publishing versions of software that they know have vulnerabilities to cyber hacking of one sort or another and then intelligence agencies whether theyre the u. S. Or elsewhere discover these things and then, am i hearing you right, they sit on them . They then use those vulnerabilities to develop their own ways to breach and do their own work . They do use those vulnerabilities. There is a balance to be had here. Just using these type of things and not working with a private partnership, this causes a bigger problem. Theres a process in place where the Intelligence Community comes and said these are things we found, flaws we think we might be able to use. Some we should go back and tell the companies so they can fix them. Some we think because the targets theyre going after are particularly interesting that we want to it use. Who decides when the government goes back and says, hey, you have a vulnerability here and who decides when to conceal that vulnerability . Thats a process that is done and that discussion is taking place and i have to say that the nsa and others are careful. They dont try to stockpile things to use on their own. They understand the importance of the u. S. Commercial sector. We need to help them be patched. Certain cases are so important we want to use those for the short window that we can. Will we catch them . Im sorry, i understand. Who did it and will we catch them . For nils. For anybody actually, viewers, nils, john. I think perhaps we need to change the perspective slightly here. This wasnt necessarily a zero day exploit. The vulnerability was offered through patches for Newer Versions of windows by microsoft in march. What we see here is the spread because folks around the world are using software that is way outdated. W windows xp came up. It was created in 2001 and has been end of life for two years meaning no longer supported yet we see numbers but over 90 of the worlds atm machines to run on it. I want to make sure we look at the complete angle of who is to blame leer. Government does find zero days and so do a lot of researchers. In this case here a lot of the impact of this attack could have been minimized by folks just doing the right thing. And maybe upgrading, also. Running windows xp. John and nils, appreciate it. Lamborghini, a price tag to match. We will take you for a virtual spin plus talk the lambeau suv. I count on my dell Small Business advisor for tech advice. With one phone call, i get products that suit my needs and i get back to business. Welcome back. Zero to 60 in under three seconds in an suv. If you said that, youd be fake news. But not anymore. Lamb borghini continues to talkp the idea and develop an insane 600plus horsepower twin turbo v v8 family wagon. That is not all lambo has. The ceo of lamborghini. Roberto . Thank you. Thanks so much for joining us this afternoon. Thank you, robert. Thank you, brian. Good afternoon from las gatos. You will talk to stanford about the future of the car. Now we are talking a lot about autonomous vehicles, the fact that the Younger Generation of buyer they want to be in the urban environments. They dont like to own their own cars. How all that have affect demand for 200,000 and 400,000 super cars like the ones lambo builds . Well, of course we are talking about a car that is not only a car but something you look to for experience. I can guarantee our customer would love to drive the cars. It can be helpful to improve the skill and nature of our drivers. Lamborghini customer wants to drive and have fun with the cars. Will there be a fully autonomous lamborghini . I dont believe so. Its like going to a restaurant and having nothing to eat. You have to enjoy. You have to have passion. I dont think so. The challenge for brands like yourself is always between profits and production. How much do you produce to monetize . Ferrari got rid of the cap. Youre under 3,500 a year. So half of ferrari. Will you ever go beyond 3,500 . Yes, the answer to that is totally positive. This is the key point of making sure that dimension is able to invest money in the future technology and can be one of the aspects of our products. Ste fano, someone who still drives around with a car seat, is there a market for a 650 horsepower threesecond suv . Yes. I do believe so. You see its a super trend, a segment everyone is there. And when you are in the seg m y many, you want to be different. You find customers that want to be different from the others. I do believe well be able to in design and were going to given the chance to the lamborghini family approach or a daily driving usage that can be part of the lamborghini brand. This is important for us. People dont realize lamborghini did have an suv at one point. It didnt do that well. It is a bit of a collectors item. Whats changed that makes you think it will be successful this time . That was 1986. The brand was the first to try to think there was a possibility. I believe after that a lot of brand, Automotive Industries start to say, well, there is a chance for the segment. As always the market is the right answer. And if i remember correctly, robert, that car was, how do i say it, ugly . Not a beautiful lamborghini. It didnt look as good as this one. Expensive and slow. I would say it was unique. Thank you very much. When you get that youd better bring it here. I will put the car seat in, baby onboard and were going to go. Sounds good. Melissa. I hope not for the sake of your children. We are standing by for the White House Press briefing. A member of the National Security council expected to be there to address that massive global hack attack. Plus, is the white house looking to clean house . The d. C. Rumor mill in overdrive. We talk to someone who has run a white house. President bill clintons form earp chief of staff joins us live next. Hi, everybody. Im sue herera. Here is your cnbc news update this hour. The Trump Administration is accusing the Syrian Government of carrying out mass killings of thousands of prisoners and burning the bodies in a large crematorium outside the capital. The state department releasing these new declassified photos showing what it said is a building in the prison complex that houses the crematorium. Violent clashes