At the new york stock exchange. Hi, ty. Well, the s p hitting a new intraday high today. It was a record. Were just below that record high right now. The dow is having a pretty decent day as well. The nasdaq, not so much. Theres the s p up 5. 25 on the trading session. The dow is up about 72. And the nasdaq, its down by about 11 points. Shelia come ranlgians at nasdaq. Bob pisani first with the upside for the big cap stocks. The good news the the s p hit an intraday high today. The bad news is, its kind of off of those highs. We need 1878 to close at a new high. Were sitting right on the line. Ipo day, big ones down here. A10 networks make software, opened finally around 16. Priced at 15. There was a little bit of a delay because they had to file an amended s1. They did eventually open. And amber road, a cloudbased Management Software company, priced at 13 and you can see here, opening rather strongly and holding up there at 17. Also want to note, among some of the emerging market countries, strong day. Look at china, up 3. 8 . The securities regular regulator on preferred stocks. Commodity stocks normally do we have. We have a bunch of commodity stocks like freeport all up about 3 . Ann taylor is up 13 . Was that a surprise. Golden gate is disclosing a nearly 10 in a 13d filing. And Home Builders down a little bit. There was a secondary for kb home pricing at 18. A pretty interesting day. And a big close today, because theres a rebalancing and well do that in the next half hour. Lets drill down on one sector with a lot of problems. Dominick chu has the details. Health care, the only sector in the index thats in negative territory so far, being dragged down by the biotech industry in particular. There are seven stocks in that Industry Group in the s p 500. Its alexian, biogen, amgen, regeneron, theyre all down on the day but off their session lows. One headline thats drawing all the shares and gilead comes by congress, Congressional Democrats asked to be briefed by the company on its hepatitis c drug and the costs that come with it. It was a reason for traders to hit the sell button on those biotech stocks. Lets put it in perspective here. This Industry Group in the s p 500 was up 46 over the past year entering today. Now the etf is down 8 from its highs on february 25th. This could just simple i be profit taking. Thats what some traders are saying. Thats what cowens head of equity trading thinks. Hes not getting the sense this is a larger rotation at all out of biotech stocks. He does say if some big rotation out of biotech were to happen, even his 11yearold kid would know about it. Some price action to the downside. Nothing concerning a lot of traders just yet. Thank you, tom. Tonight at 5 00 eastern, fast money is talking more biotechs, because jim cramer has the ceo of biogen on and that will be a great conversation, im sure. For now, up to the nasdaq. Shelia is with us. You know those biotech names that dom was just running through having the biggest impact on the nasdaq. The nasdaq composite is slightly down. But there are plenty of other movers to watch here as well. The biggest being symantec, the security firm. Down the most on a percentage basis, more than a 10 drop on that abrupt news that it dropped ceo, steve bennett. Fbr called the move, quote, jawdropping. Several analysts have cut their rating on the stock. Wall street doesnt like uncertainty, and now theres a lot of uncertainty in this stock. On a positive note, i want to point out some of the large cap tech names, microsoft, apple, the chip makers, all having a very good week, providing solid support here to the nasdaq, but it is one of those down days when the market is higher, tyler. Shelia, thank you very much. Shares of tesla up an amazing, and this is truly amazing, 542 in a year. But things have been a little bit more uncertain in the last few weeks after new jersey told tesla, no dealers, no deals. Now, though, tesla is trying to change the game and get more political behind it. Heres our car guy, phil lebeau, in chicago. And the battleground now is new york, tyler, when you take a look at whats happening. Remember, weve talked about this over the last couple of weeks. There is a committee that has already approved at least a bill that would change and add some more restrictions regard direct sales of automobiles in new york. Well, today, another new york legislator and tesla officials met at a tesla store in white plains, and theyre joining forces to push back as they look, we can come to some kind of a compromise here. And a lot of tesla vehicles to be sold in the state of new york. By the way, tesla sold 600 cars in new york last year, compared with more than 800,000 for the state overall. And the state legislature, who was at the press conference today, says there is room for tesla and traditional dealerships to coexist. This is not an issue where the two sides are diametrically opposed. Heres where things stands with tesla and different stats around the country. Three states have band it. Texas, arizona, and the new jersey ban goes in effect on the 1st. There are bans on the sale of teslas in maryland, virginia, colorado, and minnesota. If new york changes the laws and no longer allows direct sales of automobiles from manufacturers to customers, what would it mean to tesla . Heres the vp of Corporate Affairs for the company talking today. It will certainly damage tesla. I cant speak to individual, you know, scenarios, but certainly, the validly granted sales licenses we have at every single facility in new york will become invalid. So as you take a look at shares of tesla over the last year, keep in mind, well see this play out in many states over the next several months. Handtohand combat is where were at right now, tyler and sue. Tesla believes it can work in each state and convince those legislators in those states that it should be allowed to sell vehicles. Fascinating dispute. And as you say, it is going to affect lots of statehouses, legislators, and i expect, also, will end up in the courts one day, one way or another. Phil lebeau, thank you very much. Lets talk about an apple a day. Shares of apple, just a little bit lower a few minutes ago. There you see them down about 75 cents, however they are up about 16 over the past 12 months. The low over the last year, 385, the high was 575. And according to our research, powered by fact set, 34 wall street analysts have a buy on apple, 8 a hold, and 3 say sell it. Is this stock range bound . Josh lipton is live in san jose. Josh . Reporter yeah, tyler, tim cook must be wondering at this point, where is the love on wall street . You know, apple stocks have been trading between 500 and 550 for months, causing some analysts to sour on the name. Right now, 70 of analysts on wall street have a buy rating on apple. That might seem high, but its actually very low for the tech titan. Its fiveyear average is more like 84 . But if you own apple, there could be reasons to cheer that lack of enthusiasm from analysts. For one, you could actually see this as a contrarian indicator. After all, in september of 2012, thats when apple hit that alltime intraday high of 705. 89 of analysts were telling you at that point to buy the stock. But what happened . We know the stock then nosedived, 45 to a low of 385 in april of 2013. And if you own apple, you should be happy that buy ratings are down, because that leaves room for potential upgrades down the road if the Company Launches new products and or services that really move the needle. Theres, of course, speculation that apple will offer a wearable device, improvements in appletv or innovation in payments. Bottom line, if youre an apple bull, youve got to believe that innovation is still alive and well in cupertino. If tim cook proves it is, you can expect those investors and all those analysts on wall street to hop back on that apple bandwagon. And josh, you have a big story coming up at 2 00 eastern. What can you tell us . Reporter i can tell you, tyler, listen, all the buzz right now is about what tech titan is going to be moving into this huge lot bringright behind. Thmayor of san jose knows, but not saying. Well have more on that in street signs. Russian president putin annexing crimea today. First, to eamon javers on the money war now between the u. S. And the russians. Thats right, tyler. We saw this expansion in the designation of folks by the u. S. Government. Russians in response to this incursion into the ukraine. The president announcing an Additional Group yesterday that included four of the major oligarchs. And whats interesting about that, that means that their Bank Accounts are going to be frozen. Its not just necessarily in the u. S. Take a look at some of the impact here of the sanctions. First of all, their impacts are frozen. Real estate that they hold in the United States is frozen. They cant sell it, they cant buy, they cant do anything with it. And theres a travel ban imposed to the United States for these oligarchs and the others who have been sanctioned here. What does that really mean . In practical reality, global banks often also designate the same people who have been banned by the United States. That makes it very difficult to navigate the Global Financial system. And what theyve seen is that, in fact, some people who have been designated in mexico have had to pull their kids out of private school, because the private schools wont take a bank check from the people who are on the designation list. Also, there are exceptions for property owners. If you own a big spread in miami, you might be table to apply for an exception to have the pool boy come around and clean the pool from time to time so it doesnt become a blight on the neighborhood. Theyve had to do that in the case of 650 north avenue in new york city, that came up in iranian sections. They allowed those folks who operated in that building to continue operating. And there was also a golf course in illinois that got caught up in zimbabwe sanctions. They allowed the golf course to continue to be maintained, the grass cut, the weeds trimmed so that didnt become a blight on the state of illinois. These are broad and sweeping powers. The curious stories behind the headline story. Eamon javers, thank you. To robert frank now on what these sanctions mean for those famous russian oligarchs. Robert . The good life as a an oligarch just got a little tougher and heres how nape cut to the bottom of the oligarchy. Youve got the rottenberg brothers with a lot of government contracts, and yuri koeblcheck. The sanctions, first, they cant travel to the u. S. If they have that penthouse in manhattan or beach house in miami, they cant visit. They can still own them, they cant sell them or use them or buy other property. That could really hurt the top end of the markets in miami and new york. If you also look overseas, their assets are frozen and this helps the pabank account. Bill broward tells me, if you were on this list, every bank in the world would pretty much close your account. You cant take out your money or do any transactions. Thats the heart of these sanctions. Even if its a foreign bank, no bank in the world wants to risk getting caught up in the u. S. Sanction violation. This is true for any company that these guy also control. Europe, now, so far, theyve backed off targeting these same oligarchs. They can still go to their town houses in london and paris. They can still use their yachts in the med this summer. Thats whats important. These oligarchs still living kind of large outside the u. S. Not so much in the u. S. Sue, back to you. Robert, thank you very much. All right, is venice about to leave italy . Well, people there are voting about that this week. The polls are about to close. Well give you an update. Also ahead, the search in the pacific. Phil lebeau is on the case in chicago for us. Phil . Sue, search flights are done for the day. Bad weather starting to move in. What are the results so far . Weve got fresh video and an update from the south indian ocean when power lunch reshs. , impact Life Expectancy in the u. S. , real estate in hong kong, and the optics industry in germany . At t. Rowe price, we understand the connections of a complex, global economy. Its just one reason over 75 of our mutual funds beat their 10year lipper average. T. Rowe price. Invest with confidence. Request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. The hunt to find that malaysian jetliner continues at this hour. And phil lebeau is back with the very latest on the search efforts. Phil, over to you. Sue, i wish i had some good news. But after one day of search flights in the south indian ocean, they have come up with no indication of any of the debris. This was one day after a lot of optimism that perhaps once these flights began, they would find something. Search planes also had their radar looking at the surface of the ocean, scanning the ocean surface. It picked up no sign of debris from flight 370. A total of five planes, two ships searching the area of the south indian ocean. Heres what one of the pilots had to say today when they returned from one of those flights. Its certainly disappointing, and ive got every confidence that if there is an object there, we will find it. And every time we launch, we hold that hope. However, were going to just keep going until we find it. A little perspective on the area they are searching. Its literally tens of thousands of square miles, but its 1,500 miles southwest of perth, australia. Means it take four hours to fly there. They can only search for two hours before they have to head back, which is another fourhour flight. The u. S. Military says it has spent 2. 5 million so far, not only in the south indian ocean, but overall, over the last two weeks, looking for flight 370. And again, these are the images that many people believe could be a clue as to what happened with this plane. The image on the right, by the way, thats a piece of debris or an object that measures about 79 feet in length. And they believe that that could be part of flight 370. They are going to be resuming flights, hopefully, when daybreak comes in a few hours down there. But we should point out, tyler and sue, that bad weather is starting to move into the area where they are searching. Its already a Tricky Enough area because of the size of the waves, et cetera, but theyll try to go back out once daylight comes along, weather permitting. Crimeans arent the only ones fighting for secession. Venice is now looking to break away from italy. Voting has been taking place all week in the city of water and it ends later today. Recent opinion polls suggested that twothirds of voters agree on splitting away from italy. Secession supporters want to create a future state called the republic of venito. Italy gets almost 100 billion a year in tax from venice. However, the vote will not be legally binding or recognized by rome. You know, venice, sue, only became a part of the italian kingdom about 150, 160 years ago. You know what . Its going to be fascinating to see how that all plays out. Because i know of these countries that want to become separate countries are doing it for economic reasons. Well be watching that story very closely. Forget credit card breaches, theres a new scam and it involves your health care. Thats coming up next. Plus, liquid assets. Did you know that 70 of the worlds fresh water is used for irrigation. 22 in industry, only 8 for domestic consumption. Dominick chu is looking at the real liquidity trade. And jane wells is live in the san joaquin valley, california, on the booming business of drilling for water. Dom, youre up first. Take a look at whats happening with all these water companies. Not just the utilities, but the water stocks. The ones that treat and have all the technology for systems and getting clean water to consumers. Were going to talk about all those stocks next, jane. Dom, forget expensive Silicon Valley stocks and gorgeous hollywood starlets, this is the rarest, most precious, most beautiful thing in california right now and the guys that can get it to you are making a killing. Well talk about that next. Abo. Iwe dont back down. We only know one direction up so were up early. Up late. Thinking up gamechanging ideas, like this dozens of tax free zones across new york state. Move here. Expand here. Or start a new business here. And pay no taxes for 10 years. With new jobs, new opportunities and a new tax free plan. Theres only one way for your business to go. Up. Find out if your business can qualify at startupny. Com some Brokerage Firms are but way too many arent. Why . Because selling their funds makes them more money. Which makes you wonder. Isnt that a conflict . Search proprietary mutual funds. Yikes then go to e trade. Weve got over 8,000 mutual funds and not one of them has our name on it. Were in the business of finding the right investments for you. E trade. Less for us, more for you. The funds prospectus contains its investment objectives, risks, charges, expenses and other Important Information and should be read and considered carefully before investing. For a current prospectus visit www. Etrade. Com mutualfunds. It is World Water Day tomorrow. Check out these crazy stats. It takes 37 gallons of water to make one cup of coffee taking into account the growing of the coffee bean. 634 gallons to make a burger. Think about the meat and the ags and growing the need and cattle and almost 40,000 gallons of water to manufacture one car. I dont know how they figured that, but they did. All day were looking at the opportunities in h20. First, jane wells is live in san joaqu joaquin valley, california, on the big business of drilling for water. State water officials are now estimates farmers are going to let 800,000 acres go fallow. Thats up from 500,000 unless they get more water. Greg is spending almost 1 million to drill three more wells. As for the other two, take a number. Earlier this week in fresno, farmers and farm workers gathered to complain about water priorities here. But there is one industry in this drought doing very well. Wells. Its unbelievable. The fact that its overwhelming. Reporter arthur is drilling twice as many wells a month now, 20 to 30 versus a year ago. Deeper wells as a lot of straws are going into the ground all over this valley. And if you want a well right now, youll have to wait at least six months and its not going to be cheap. This well is only going about 600. Right down the road, we have welling that are 1,200. North of here in the next county, we have wells as deep as 1,900. Some of the bigger wells, by the time you get a pump in the well, and get it actually pumping water, youre going to have close to 1 million many some of the bigger wells. He says that Drilling Companies from outside the state are coming to california to help punch more holes in the ground. The fear, the ground water will get too depleted and they might have ground restrictions. And they are terrified about it. Lets turn to dominick chu now, and hes going to tell us about some companies that are injecting liquidity. This is the real liquid, the water trade. Lets start by looking at some of these waterrelated stocks. Theyre providing Technical Expertise for water projects. A company like xylem does similar stuff. Then theres pal corp. , especiallying in water filtration. Ecolab, the same company that dispenses soap in your office bathrooms, thats a company that does water as well. And pent arkansas r, these are all stocks. For the performance of each of them, its a mix. Check that out. Those shares are down about 3 there. But you look at shares of say, xylem. Over the course of the past year, theyre all almost up, 30 to 40 across the board. These are a hand ofl of companies in the business. If youre looking to go to the index or portfolioinvesting route, theyre exchangetraded funds, etfs as well. The power shares Global Water Fund investing in companying all around the world. Thats pho for the u. S. Theres pio, which does the global trade, for all the companies outside the u. S. So some of the stocks weve just talked about are in both of these funds. Also keep in mind, that these funds arent the most liquid in terms of trading volume, so overall, sue, whats happening here with the water trade, there are ways to play it, both individual stock wise, and etf wise. Back over to you, sue. Thanks, dom, so much. Very interesting. To the bond market, where yields have kind of been stuck since the fed had its news conference. Rick santelli is tracking the action on that and the currency markets for us from the cme. Hi, ricky. Hi, sue. It really is difficult to think that the equity markets, after rebounding, after fed wednesday, arent sending more aggressive signals, being heard by the treasury market. Theyre having none of it. Short maturities that sold out of on wednesday, their yields are still up on the day. You can see theyre coming down. Contrast that with further on the curve, a tenyear, definitely a negative territory. Were going to settle at 275, a settlement thats surprising to men. Heres what maybe you should be looking at. Look at these intraday yield curve trades, whether its 5s to 10s, continues to flatten, 5s to 30s, continue to flatten, many traders continue to think, without the long end selling off, its going to be hard to see rates in general moving higher, despite what the equity markets are doing, and last but not least, the dollar index actually is enjoying a rare day in the sun in the positive territory, since its close of the last day of 2013. Tyler, back to you. Rick, thank you very much. I. D. Theft has been thrust into the spotlight following targets credit card data breach and others now, get ready for a whole new level of discomfort. Shelia has the story. Shelia . As if we didnt have enough to care about. They target these medical records because you have your Social Security number, credit card number, address all in one place. Think about all the information you have to give every time you go to the doctor. And best of all, Health Care Companies are typically behind the curve when it comes to security spending. They focus on tech investment for health care instead. That makes medical Identity Theft some 50 times more valuable that be your typical identity information. Cybercriminal attacks and Health Care Organizations like hospitals and clinics are up 100 since 2010, and its estimated that we actually have some 50 million breaches a year. Now, if youre an investor and want to play on this, analysts i spoke to say cybersecurity firms they cover are noting more interest from Health Care Companies. Two companies that are active in this field, palo alto networks, that stock is up over about 60 in the past six months alone, and lesser known imperva. It specializes in data at the data levels. This could be a very good fit when youre talking about medical Identity Theft. Sue . Absolutely, shelia, you are right on the button with that. Thank you. The gold market heading for its biggest weekly fall in six months. Prices are closing right about now and we have a little bit of a bounce at 5. 40 right now on gold. The focus this week has been strongly on copper and on silver as well. And we continue to watch some very sensitive to the situation between the u. S. And russia. Palladium is now reacting, up 18. 70. Thats almost a 2. 5 move on the palladium market. Keep in mind, russia is the biggest exporter of palladium. Youre up to date. All right, the s p 500 hitting alltime highs. The dow up triple digits at one point. Now only up about 38. But the battered biotechs are dragging down the nasdaq. But we have four smart ways to play the volatile market for you. Plus, media giant bloomberg in the spot over it reporting of stories in china. Its always a delicate dance for companies trying to break into that market, but do the risks outweigh the rewards . And whats the best way to deal with china . Well talk about that when power comes back. Comes back. [ male announcer ] this is joe woods first day of work. And his new boss told him two things cook what you love, and save your money. Joe doesnt know it yet, but hell work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. Hell start investing early, hell find some good people to help guide him, and hell set money aside from his first day of work to his last, which isnt rocket science. Its just common sense. From td ameritrade. [ male announcer ] a car that is able to see, to calculate, to think and can respond to what it encounters. Even if that means completely stopping itself. Its the stuff of science fiction. Minus the fiction. The 2014 eclass. See your authorized dealer for exceptional offers through mercedesbenz financial services. See your authorized dealer for exceptional offers no two people have the same financial goals. Pnc investments works with you to understand yours and helps plan for your retirement. Talk to a pnc investments Financial Advisor today. Well, there are rumblings the white house may ditch blackberry for another phonemaker. Shares of blackberry down about 40 over the past year. Seema mody is following this story. Seema, the white house and government always lake the security of blackberry. And there are reports that blackberry may be losing its popularity in washington. Wall street journal reports that the white houses testing smartphones fr smartphones from samsung and lg electronics. This could be a big blow to blackberry. The federal government spend on plaqueberry products has declined over the past two years. Analysts tell me it is important for plaqblackberry to retain ash as its base as possible, as they deal with slowing sales. 47 back in 2009, 1. 4 , though, in 2013. Experts say if the white house does decide to switch from blackberry to a competitor, blackberry could lose its most famous user, president obama. Ceo john cheng and team have been touting blackberry topnotch security software. Brian clelo says if the u. S. Government can switch to samsung, why shouldnt any security thats concerned make the switch. Blackberry does report earnings one week from today. Expect questions about blackberrys contract with the government to come during q a. 47 market share five years ago, 1 , 2 . 1. 6 in 2013. Pretty mind blowing to see that chart. That is mind blowing. Seema, thanks very much. Have a good weekend. Sue, down to you. Here with the nyse with the latest action on the floor is bob pisani. We lost considerable amount of strength in this market, bob. Now were only up about 45 points. Back to the open, we had a slam bang open. And take a look at the s p, sue. Hit an historic high, intraday. Were at the lows for the day, essentially. 1878 is when we need to have a closing high. We were there earlier, but not right now. Lets take a look at the stocks that are moving. Weve got a deal in the media space today. Media general is buying lin media for 27. 82 in cash and stock. Thats having a nice effect on some of the media name is. Lets take a look at some other things. Weve got a quarterly repla rebalancing that happens at the close. What happens is, a lot of companies are buying back stock, so theyre waiting at the s p 500. Ibm, cisco, express script and apple have been buying back stock and now theyre getting it reduced. There will be stock to sell at the close, but that doesnt mean the price is going to go down. Theyre going to advertise that and they want a quiet, smooth close. Facebook and google will be increasing in the s p 500. Normally that occurs because they are either adding stock or doing a secondary of some kind. So expect a little bit of volume at the close here. Back to you. All right, thank you, bob, very much. With the markets focused on the fed and the crisis in ukraine and a possible slowdown in china, where do investors put your money to work right now . Some insight and advice from katie nixon at Northern TrustWealth Management with over 222 billion under management, and in chicago, kurt custard with a total 600 billion under management. Together, got close to 1 trillion worth of advice for you here on power lunch. Welcome, guys. Nice to have you here. Katie, let me start with you. You expected some volatility in the market, weve gotten it. Speak to me about valuations. Last year it seemed to be an upside trajectory for almost anything you threw a dart at. Its not the same this year. It certainly isnt, sue. And weve expected that fundamentals would have to do the heavy lifting this year. Valuations have done the heavy lifting for the last couple of years, its a pivot back to fundamentals and Earnings Growth that are going to drive stock prices. Kurt, speak to that, if you would. Youve been overweight risk assets since the financial crisis, and congrats on that, because youve done very well, but are you finding value still out there or are valuations too high right now . It depends on where you look. Were finding valuations in places like europe and overseas, but less so in the u. S. I mean, specifically, when you look at areas in the u. S. Market, like small cap, it looks pretty rich to us. You know, the way we like to characterize it to clients is were probably in the bottom of the 7th of a 9inning ball game. Katie, where would you put money to work at this point . And would you favor the domestic market over the global arena . Were still favoring the developed markets overemerging markets, sue. And that includes European Market as well as the u. S. Market. We recognize that this next 6 to 12month period will probably continue to be very, slr volatile, for a lot of the reasons that youve already spoken about. A growth slowdown in china, capital outflows. These are Capital Markets the that are very susceptible to outflow, so youve had tremendous capital coming out of emerging market debt and equity places, so thats going to continue to be, unfortunately, very volatile. Would you stay domestic, kurt, or do you find europe attractive right now . Well, we find europe attractive relative to the u. S. Theyre at the stage in their cycle where the Economic Growth will allow for an explosion of the operating leverage in these companies. Provided that europe isnt derailed by the situation in the ukrai ukraine, we think it provides a more attractive place to put your money. All right. Thank you so much, appreciate it, katie nixon, kurt custard, thanks for joining us. Lets go up to dominick chu for a market flash. Dom . Sue, it looks like microsoft are trying to boost sales of consoles and the newly released titan video game. The bundle will now cost 450. Of course, walmart has already been making waves in the video game business after previously announcing it would be getting into the used video game business. Of course, that puts it headtohead with established used game retailer, game stop. So, tyler, both those shares in focus today. Back over to you. Turkeys Prime Minister polit blocks the use of twitter. Why is he so against social media and twitter in particular . And the china syndrome. The reality of doing business behind the great wall. Should Companies Stand up or let chinas leaders have influence . Its a big balance act, next. Al. If you have moderate to severe rheumatoid arthritis, like me, and youre talking to your rheumatologist about a biologic. This is humira. This is humira helping to relieve my pain. This is humira helping me lay the groundwork. This is humira helping to protect my joints from further damage. Doctors have been prescribing humira for ten years. Humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. Humira is proven to help relieve pain and stop further joint damage in many adults. Humira can lower your ability to fight infections, including tuberculosis. Serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. Blood, liver and nervous system problems, serious allergic reactions, and new or worsening Heart Failure have occurred. Before starting humira, your doctor should test you for tb. Ask your doctor if you live in or have been to a region where certain fungal infections are common. Tell your doctor if you have had tb, hepatitis b, are prone to infections, or have symptoms such as fever, fatigue, cough, or sores. You should not start humira if you have any kind of infection. Take the next step. Talk to your doctor. This is humira at work. music defiance is in our bones. Defiance never grows old. Citracal maximum. Calcium citrate plus d. Highly soluble, easily absorbed. Lets check out the Yahoo Finance question of the day. Russian stocks have tanked. Do you believe sanctions against russia are working . 20 say yes. Targeting companies and oligarchs is hurting putin. 57 say, no, it wont make much difference. 23 say more sanctions are needed. Ty . Well, instabowl. Turkeys Prime Minister is not, it appears, a fan of social media. He is shutting down the countrys access to twitter. Hes got a funky scarf, though. He likes scarves. Hes shutting down access to twitter ahead of local elections at the end of the month. It comes after links were posted of recording that appear to implicate him and other top officials in corruption. They were discovered on the internet. Twitter says its looking into the ban. In the meantime, the companys official Global Public policy team account tweeted alternate methods of using the service in both english and turkish. Turkey has blocked access to youtube in the past. Social media, especially in turkey, has played a key role in protests and uprisings against the government. Sue . Ty, what does it cost to do business in china . Take a look at this headline from the new york times. Bloomberg hints at curb on articles about china. The times reports that bloombergs chairman admitted that the company should have reconsidered some of its notsopositive coverage when it came to china. Hes saying that some of the Financial News coverage on china cost them business in selling the bloomberg terminal. And hes also saying it may be time to rethink what we right. Peter navarro joins with us. John rutledge is chief investment strategist has served as an economic adviser for president bush and president y reag reagan. Gentleman, welcome. Nice to have you here. John, im going to start with you, if i could. China is notoriously difficult to deal with on a business basis. Much more so than other countries around the world. But do Companies Face having to change the way that they normally do business to be successful in china . Well, the bloomberg story is interesting, because you always face pressures to do somethings you dont want. Bloomberg looks like they might want to cave in. I think thats a terrible mistake. They should choose to not sell the terminals and to report the truth as they see it. Well, with thats kind of what google did when china tried to push back against google. They just said, okay, you know what, we have our ethics, were going to leave china and give up that part of the business and grow aggressively somewhere else. The biggest force for change in china is 800 million smartphones where the kids can all text each other. The government is trying to stay ahead of that. And theyre being forced to change to do it. Slowly, yes, we would like it to be faster. But this is a good story. Bloomberg should hold firm. All right. Peter, what do you think . Well, what i think is that businesses thinking about going to china should go there. And certainly, theres the issue of censorship if youre a media organization, but if youre a nuts and bolts producer, chinas over. The rising wages are really killing things. Employee loyalty there is zero. Youve got real issues with intellectual property. If you go, youre probably going to lose your i. P. And if youre a heavy producer, youve got issues with availability of energy and water. So, i dont see it. Vietnam, brazil, other emerging markets are the places to go. And of course, you know, as we watch rush, crimea, and all these sanctions come about, i can guarantee you within the next five to seven years, were going to see the same thing happen in china and american corporations, based there are going to get hammered, just like japanese corporations got hammered in 2010 and 2012. Yeah, john, what about that . What about just, dont do business in china . Because of the risks to your ethical platform. Is it worth it to give up that almost 1 billion customers that are out there . Well, the short answer is, youre already doing business with china, whether you know it or not. Half of the manufacturing capacity in the world is there. And most products you touch have something to do with it. But there are lots of other places you do business, you dont like either. Including, for example, russia, turkey, and ukraine, stories weve all seen today. How to do business in china, very, very carefully. Thats true here here. Its especially true in china and emerging markets. They dont have the institutions to support easy ways to do business. But you can do business there. You have to be careful. Theres big corruption problem there. You do not have to pay bribes to exist in china and do business. It will just cost you mungs for your ethics. How to invest in china . I always tell people, dont. The institutions are not ready. Things like audits and insider trading. But you need to invest aware of china, which means china will soon be the largest economy in the world. You have to more than half the earnings of the s p 500 is offshore. If you dont understand whats happening in china, youll lose all your money. Youll lose out. You have to be aware of it. Peter, you get the final word. I only have like 30 seconds. If youre a corporate investor, dont invest directly in china. If you want to play the china card, invest in places like australia and brazil, which rely on the chinese economy. But theres the ethical issue, the south africa apartheid thing. China, its about their regime, and i dont think i want to be investing there. You decide. Thank you, gentleman. Very interesting conversation. I know its one that we will pursue. Ty, up to you. Sue, thank you. Time warner cable ceo Robert Marcus could make about 80 million if comcasts deal to buy that company closes. Is that too much money to justify such a short run . Only a matter of weeks at the top. Plus, more tensions revealed at the top of pimco. According to the financial times, the infighting didnt stop at just gross and elarian. Thats all coming up when we return. Return. Ron im never alone with scottrade. I can always call or stop by my local office. Theyre nearby and ready to help. So when i have questions, i can talk to someone who knows exactly how i trade. Because i dont trade like everybody. I trade like me. Thats why im with scottrade. Announcer ranked highest in Investor Satisfaction with selfdirected services by j. D. Power and associates. Cnbc no two people have the same financial goals. Pnc investments works with you to understand yours and helps plan for your retirement. Talk to a pnc investments Financial Advisor today. Welcome back to power lunch. Shares of Biopharmaceutical Company endocyte up today. Separately, the drug received conditional approval from European Drug regulators for use with ovarian cancer. That double dose has helped to just about double stock of endocyte. Up 105 in a week. Time for the power rundown. Tensions to talk about as pimcos top ranks, according to the financial times, mark sidener, jumped ship just hours before the firm announced al aparticular larians resignation. He wanted out before he walked in the door. 50 billion in outflows. Folks, what is gross next move . Cindy, how does he right the ship, if he needs to . Tyler, i have to say, as much as we all love a big fight in the media, and a lot of crazy talk, his next move needs to be to stop the crazy talk, if were being perfectly honest. I call it the pretty girl syndrome. If youre the pretty girl at school, you can get away with a lot, but bonds arent the pretty girl at school right now. Mohammad alarian, when he left, it created a little bit of uncertainty for people. So he needs to buckle down and give people some reassurance and not engage in that crazy talk. John fort . Hes got to perform. The only excuse he could have is hes so amazing its worth overlooking his behavior. Certainly some management shifts as far as his strategy are probably called for, but most of all, hes got to perform. I think the numbers will tell the story. The performance will cover a lot of whatever the troubles are. President Obama Meeting with some tech leaders, ceos later today, to talk about the nsa, government surveillance, and privacy. Mark zuckerberg, eric schmidt, two outspoken critics of the white house policies expected to be in the huddle. Lots of frustration on the ceos side. Jon fortt, anything come out of these meetings . Very little ever does. Theyre trying to tweak this to ensure that the government doesnt succeed in hacking them. Its a big issue not just in the shortterm and for consumer privacy, but politically down the line, these are folks who have been writing big checks, particularly for the democratic party. Many of them, as you pointed out, many of these ceos including schmidt, have been very friendly to this white house, cindy . Absolutely. I think, certainly, the white house has seen a few stumbles lately, so i think they would do well to listen to some of these tech ceos on how to handle this going pardon. Im kind of with john on this one. Im note sure well see anything. But i would kill to be a fly on the wall. Time warner cables ceo may score an 80 million severance package if and when the deal goes through. It works out roughly a million a day for the six weeks that efs h on the j he was on the job before agreeing to sell to comcast. This is, i guess a change of control kind of provision in mr. Marcus contract . Honestly, when im more concerned about is that it be tied to the companys performance. And if you look at it in this case, i think a good 50 billion of that, which is a pretty significant chunk of it, is actually in stock, right . I would like to actually see some of these clauses and bonuses or, you know, exit packages tied closer to that. But as long as the bulk of its in stock, i think its something to keep in mind. Jon . I would take it in pennies . I think this goes into the nice work if you can get it column. I think its important to remember, of course, these numbers are outrageous to any average schmo whos making a paycheck on the street. But i think the reason for these change and control provisions is so ceos do whats best for the shareholders and dont try to keep all the power for themselves. Maybe not so bad. Jon fortt and cindy perman, thank you so much. Minutes away from street signs, whats ahead, mandy . Were going to be asking if todays is just profit taking, a rotation out of the sector, or a buying opportunity . Also, on twitters eighth birthday, what does twitter need to do to be around in eight years time from now . Weve also got our very first tweet that we ever put out. And there are men and theyre a game changer for the luxury market. Meet the yummies. More importantly, meet a few of cnbc resident yummies. Who . You need to tune in to find out. All of that and lots more starting in just a few minutes time from now. Guys, back to you. Guys, back to. Up your game. Up the ante. And if you stumble, you get back up. Up isnt easy, and we ought to know. Were in the business of up. Everyday delta flies a quarter of Million People while investing billions improving everything from booking to baggage claim. Were raising the bar on flying and tomorrow we will up it yet again. Ido more with less with buless energy. Hp is helping ups do just that. Soon, the worlds most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. Multiply that across over a thousand locations, and theyll provide the same benefit to the environment as over 60,000 trees. Thats a trend we can all get behind. Make it happen with fidelity active trader pro. Its one more innovative reason serious investors are choosing fidelity. Call or click to open your fidelity account today. Save you fifteen percent or more on car insurance. Ould yep, Everybody Knows that. Well, did you know the ancient pyramids were actually a mistake . Uhoh. Geico. Fifteen minutes could save you fifteen percent or more on car insurance. Extremely strong market day with advances and heavy volume and a lot of highprofile ipos has faded a bit with the s p 500 after hitting a new intraday high, actually negative now. The nasdaq is negative by twothirds of a president. Was we have a 0. 2 gain in the Dow Jones Industrial average. New field expiration, first solar, and best buy, some big percentage winners on the day,ty. What a week it has been. Were closing with lots of head fakes involved. That will do it for power lunch. Have a great weekend. See you monday. Street signs begins now. As sue and tyler said, stocks are losing some steam. Has the market rally, mandy, finally tapered off a bit . Thats a very good question. Also, the bestperforming name in the s p right now is newfield exploration. The ticker is nfx. Lets get straight down to bob pisani at the nyse. Bob, we started strong. As you can see, were drifting lore. Why the weakness in the middle of the day . Bob pisani, you there . Okay, maybe not. Well hopefully get to him in just a second. Of course, the question