Big oil is back: Chevron, BP, Exxon announce $45B in new drilling

Stocks (^DJI^GSPC^IXIC) are rallying strongly after a huge payrolls beat of 287,000 for June.  Financials (XLF) are leading, with utilities (XLU) in the red. Stephen Guilfoyle, managing director of floor operations for Deep Value Execution Services,joins us live from the New York Stock Exchange.

To discuss the other big stories of the day, Nicole Sinclair is joined by Yahoo Finance’s Seana Smith and Thomson Reuters correspondent Bobbi Rebell, author of “How to be a Financial Grownup.”