fraction higher. financials among the stocks keeping gains at bay because the financials were down ahead of the stress tests on the nation's banks. and the nasdaq negative by four and a half points. thank you for being with me. hope to see you tomorrow. "fast money" begins right now. ♪ i'm in for melissa lee. here are tonight's top three trades. the changes face of defense. are unmanned drones the big growth area to watch as budgets are slashed? we'll look into the drone maker. plus stress testing the big banks. should you fade the optimism? we've got a guest who isn't buying the bullish case. and the next hot spot for smart phone money. why more investors are looking to puerto rico.

let's get to the breaking news. >> well, we now know when you can start your countdown clocks for the banks stress tests. the feds saying they will release the full results at 4:30 p.m. on thursday. they have also just at the top of this hour released the methodology by which they are going to be judging all these banks. taking a look at some of the worst case scenario assumptions here. they're starting off with an unemployment rate at 13%. they're going to assume that equities drop 50% and housing prices drop 21%. they also are going to assume other major economies around the world are contracting significantly in a severe recession for the united states of america. that's the worst case scenario here. these banks are going to have to survive. and interestingly, they just released this template which is the actual piece of paper they're going to release for each and every one of these banks. and the question is whether the banks will feel some relief here

at looking at the itemized lines on this template if they have to release more data than they're uncomfortable with. they're going to show tier one capital ration owe, total risk based capital ratio. both actual and projected under these stressful situations and scenarios going forward. all 19 banks' information will be released at 4:30 on thursday. something to look forward to. >> the world certainly going to see thth karen finerman a quit comment here. this is close. >> it's unbelievably bad. if we still had him, how long do these banks still have to get into compliance if they're found to be deficient as a result of this stress test? >> you know, that's a good question. i don't have the answer to that right now. it might be in the material the fed just released. they put out a whole batch of stuff including the really

detailed prescriptions underneath these scenarios. we're still going through right now. >> thanks. >> ammann did a great job. equity prices dropped 50%. you said after the clothe on thursday -- >> prices dropped 21%. >> that's horrible. my sense is the bank will -- not flying colors but i think it'll surprise people how well they do. that we've been talking about. here we are at 1371. i'll say again, the market does not give you this long an opportunity to sell the highs which is why i think what's shaping up with the vix at levels we haven't seen in quite some time that this market regardless of what you think wants to trade up to that 1325 level. look for this blowup to take place next week. >> joey where do you come down in general?

the dow traded in a super tight -- >> the stress tests are important this week. the vulnerability of this, the credit cards, the mortgages. have the banks modeled themselves here. something more benign than what the stress results are going to be. i think the concern has to be squarely on a bank of america. if you want to stay away from it, look at who is going to be rewarded of the 31, it's why i'm long goldman sachs. they don't have the consumer viole environment like some others like bank of america do. and the improvement in europe is favorable here for goldman sachs. it's important to understand the street is modeling here around $9 billion in terms of gross dividends and buybacks to be allocated after this. the question ultimately becomes who is that priced in for. you look at the names like goldman sachs here. >> you look at why you would want to be in these banks and

which spisk ones after the results come out. what it allows us to do in terms of paying dividends or increasing what they already have. >> what we heard from one of the analysts we had on half-time today, in all likelihood, those trust banks like sun trust and northern trust are likely to be some of those banks that do extremely well. because just what you mentioned. i'd also point out that the banks, the etf for the banks is up about 22% just in the first beginnings of 2012. that's a huge move for this etf. and they -- even last week on the 6th when the stocks were being hit, they pushed it down to what? 1460? and it's back to 1480. watch the xlf. it's certainly not telling you that people are worried about an end of the world scenario. >> and watch the regionals too. watch a sun trust. those are the names that could have difficulty based on this model. >> northern trust i think was at the very top of his list in

terms of the ones that may do best and what that means for the dividends going forward. >> exactly. >> let's move on to the next trade. the average price of gasoline is now $3.80. that's up 50 cents since the beginning of the year and up 30 cents over the last month. how will this impact retail sales? the numbers are out tomorrow. let's get your "fast money" trade now. karen, retail sales have been strong of late. now with gas prices creeping higher, is this a potential game changer if they continue to go higher? >> it's a potential headwind for sure. wal smart tra walmart traded up today. you would think that would be a squeeze. if we see higher prices as a result of the economy, gathering strength and getting momentum, then they'll be okay. i'm a little worried about that walmart. we own walmart. owned it for a long time. i'm a little worried about that customer. >> real quick, we talked about

costco on this show for a long time. made a 52-week and all-time high today. so again, this stock has had a ridiculous run. it's doubled in the last year or so. candidly, i think this environment still works for costco. not that i'm advocating launching into this tomorrow, but if you can get this name and somehow the tape pulls back and get in the mid-80s, buy it. nibble at costco here. >> i want to know about the other names. macy's has been doing well. the week before we got an upside surprise from the gap. >> yep. real well target as well. when you look at a lot of the february numbers here, cars are strong. industrial production real well as well. tomorrow you may get the better retail sales print here and get a print above 1%. we haven't had something like that over the last five months. guy made a great call when we were out on dunkin' donuts.

when you look at input costs, it's about oil. these commodities whether it's coffee, sugar, cotton or the ag names like wheat and soybeans, they're pulling back here. that's favorable for the consumer. i think tomorrow you'll get a good print. there are names out there, armstrong worldwide, awi, i think that is something to look at. >> let's look at nat gas prices. chevron and exxonmobil are betting nbet ing prices will rebound. let's get more from paul sanky. paul, welcome back to the program. >> hi, guys. thanks for having me. >> how low are nat gas prices going to go? and when can we think a bottom is close to being put in? >> it's all about the weather. we haven't had a winter so that's why we're so low.

if summer doesn't show up and we don't get good cooling demand, we can see a low by august. so there's plenty of room for downside here. and you have to remember that the exxon and chevron buy case on the commodity here is a long-term view. it's a 20, 30 year view on nat gas. not a two months, two year type deal. >> let's take exxon first and then chevron. exxon made the big deal for xto, but really i think it's fair to say hasn't reaped the rewards or certainly not close to what they paid for it. would you say that's a fair assessment? >> if you look at it as a research and development acquisitions which it was rather than engineers, then i think they got what they wanted. i think they got a lot of resource. from the price, it's been a disaster. >> what message is chevron going to have tomorrow? >> we want to know why they're carrying net cash on their balance sheet in this interest

rate. their huge australian gas projects. it makes people worry they're going to do a big acquisition. i'd like to see them address the issue of carrying this mystery net cash balance. which we don't think they need to carry. >> let's talk about acquisitions. you covered cobalt international. they don't make money yet. so the stock traded from basically a nine handle i think in november. i think it closed today close to 30 bucks. closed over the last year. do you think this is company that's still attractive given a tremendous run-up and given the fact they floated out a couple over the year? >> we have an analyst on the right side of that. if you can find large quantities of high quality oil in the world, your stock's going to boom.

and that's exactly what happened. they've been in the right place. and they've played it on their hunch. and they've been rewarded with a major discovery that has plenty of upside. and we still like the stock here. we think it could be a potential takeover target in the press as well. >> it's joe. while cie is around 11 billion, you mentioned anadarko, that's a big one. that's around 40 to 45 billion. is this an international play that someone would be making an acquisition? or could they look domestically and say we want to be in eagle ford. where's the focus? >> you've got to look at the best exemployeers out there. it's not a coin flip. if you've got the best people. there's going to be people who want to buy you. and what we've seen is they opened up the horn of africa.

and as you've mentioned, they've got exposure to the u.s. really it's about that west african stuff which has been most impressive. and on the likes of kpon. in terms of what they've achieved there. >> do you have a target on where you think oil prices are going to go and whether you think we're going to hit a $5 gasoline price which some people have thrown out there? >> as a european i don't think 5 bucks is a lot at all. high oil prices are good for the u.s. economy. look where it's booming. it's the oil states. so yes there's a problem with the consumer regarding gasoline, but what we need in this country is more primary industry. we lead the world in the oil and gas industry. we should be delighted at the brand. it's a lot of strong economic activity for us. we think, unfortunately, you are getting towards a high price that is demand destructive which is negative, as we said in the

past. with it falling because we're growing the economy will falling demand telling us we're getting more efficient in the u.s. loosen the market because of the major issues we've got in the middle east. to do that the next is to serve markets. we think that is $145 a barrel. not much upside for us here. we're in a defensive stance here. >> just real quick on the refiners. you've got carl ikan positioning himself. what do you think -- >> one of the interesting things is whether we'll get the reintegration of the oils. or a company buying a refiner. you've got higher margins in refining you rimpbs. higher margins there than producing the oil. it's amazing but true. i think there's some potential

for consolidation amongst that group on an ongoing basis. remarkable ma gins from this. i referenced boom in oil production. which is short refineries. those refineries have huge value. watch that space. it's going to continue to keep r running. >> thanks for being on the show. we'll talk to you soon. let's trade these names. guy, you got a name? >> tsoro is a name if you want to look at refiners. this is a high we made in november. we seem to be having trouble with it here. my sense is i would avoid these names. but that cie we mentioned earlier, you're sort of buying that on the fly. it's had a ridiculous run. it might be worth the look. >> i think the overall space if you're looking, you want to go large cap. look at exxonmobil. i think that works. and i do agree with paul. i think carl is on to something

here. i think there is activity in these potential refiners in terms of mna. ultimately it comes to who's the buyer. said no, who's the buyer? but listen, they are prime, favorable assets to have. >> why have chevron and exxon done nothing year to date from the standpoint? >> i think it's been a high beta recovery type of environment for the energy space. so a horn back off shore, oih is working well here. but over the long run, i think exxonmob exxonmobil, you're not going to do poorly. next on "fast money," are drone stocks ready to soar? we'll ask the ceo of areavironment. more "fast money" up next. carfirmation.

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backelcome

welcome back to "fast money." after nearly a decade of lob lobbying on capitol hill, drone makers could have reason to celebrate. a new bill could require drones to be used for commercial purposes. on how this opens up a sky of opportunities, let's welcome chairman and ceo of aerovironment. it's good to see you. >> good to be here. >> if this is approved, how quickly does this become operational for commercial uses? and what does that mean in terms of a drone? >> well, the congress has mandated that the faa approve unmanned airplane systems for use in the air space. now the faa is moving to put together very soon their proposed rules for the category of unmanned airplanes. that are these small unmanned airplanes like we provide currently for the military. this is a one pound wasp

military operators on the ground. throw this up in the air, they immediately get a bird's eye view of the situation around them. that allows them to know what they're getting into, move faster, and be much more effective. and we think similar opportunities will be available for public safety applications in the country. >> interesting. let's talk about your company. most recently reporting a loss, right? earnings missed. you blamed an administrative delay, i think, what was said. what does that mean? >> well, we provide unmanned airplane systems primarily for the u.s. military. they're accepted through a procedure with the government. we had an administrative delay that slid about 20% of the revenue we planned in our quarter of q3 and it slid three days into our q4. so it certainly will not effect

our annual revenue. >> mr. conver, is it safe for me to say the big ticket of the military are going by the wayside. for example, you just got $11 million contract from the army. i think a $4 million contract from the air force. are you in the sweet spot of military spending? >> i think we expect a lot of budgetary pressure in military spending going forward. but unmanned airplanes in particular and the intelligence and reconnaissance that they provide appear to be continuing to be a high priority with the u.s. defense department as well as militaries around the world. so if we're going to be in constrained budget environment, i think we're in a good position to continue to help war fighters. >> let's be clear. i mean, it does still take hundreds of support staff on the ground. if you're having a drone fly for

24 hours straight, you're talking about hundreds of support staff and the cost can be fairly large as well. right? i mean, we're not talking about an amazingly low cost deal here, are we? >> well, there are an array of sizes and applications of unmanned airplanes. and you're right. there are very large systems that take quite a bit of footprint to operate them. again, this small system i was showing you, wasp. it's very small. it's carried in a backpack. it's used by a small squad on the ground. there's not a cast of thousands. there's not even a cast of three that operate this system. and they do significant realtime maintenance themselves. so a dramatically lower cost solution. in fact, these small systems

like we build have been adopted by every service in the defense department. we now supply over 85% of all of the unmanned airplanes in the defense department inventory. and they're not only because they're very effective and they save a lot of lives, but because they're very cost effective. >> what about the risks associated, say, with the drone crash in iran? how concerned should we be? >> well, again, our focus at aerovironment is in this class of small hand-launched airplanes. they range from the one pound wasp up to 12 pounds for our largest platform. that's about the weight of a large bird. and we've never had an in-flight collision with these systems because operators keep them below 400 feet and keep manned airplanes above that altitude. so from a safety perspective, i think these are quite benign.

>> mr. conver it's good to have you on "fast money." >> great. great to be here. >> pleasure speaking with you. we'll talk to you again soon. when you look at defense plays, is this the type of thing you'd want to do for a trade? or are you looking at other big contractors? >> stock has declined significantly off this earnings miss. now you've got the analysts lowering fiscal year 2012. >> jeffreys came out today. >> some were 135, 140. now they're 1.30, 1.45. now there's a large cap defense names. but it's got growth. it does have growth. one thing it has more than anything else is the potential to be bought and taken over. this is a cheap company. 600 million is the market cap. it's a company that does have good cash. and it has some growth. i think the stock stabilizes here around 25 to 30 bucks. it's a stock you can own just for that mna. >> our next trade. let's get a trade update. karen has been buying into the

high end car market via bmw and daimler. >> the story is still good. the risk management thing. daimlor you have the high end. it's worked nicely. and bmw as well. bmw has had a huge run in their asian business. if we do see slowing there, it's so profitable for them there. i think it's wise to take a bit of money off the table. sadly say good-bye to bmw. >> like the good trader you are. next up on "fast money," why you shouldn't buy the bull case ahead of the stress test results. more "fast money" is coming up next. americans believe they should be in charge of their own future.

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welcome back to "fast money." live at the nasdaq market site. tonight the fed is expected to let spike dividends as part of the stress test results are due out this week. our next guest isn't optimistic about the outcome. said it could kill private markets and the operational stability of the top banks. he's editor of institutional risk analyst as well. >> nice to be back. >> in your note here, fed stressest tstress e tests are a joke it says at the top here. why? >> we've allowed them to take remove back in earnings. so we're back almost to 2007 reserve levels.

but all of a sudden now we're concerned about consumers. why? i think they're just trying to justify the decisions they already made. moreover, you've had ben bernanke and rask talk about how there's no housing problem, how savers aren't hurt by interest rates. the fed doesn't get it. in terms of supervision of banks and their mandate to take care of the economy. the big difference between zero and having points at half a point. especially if we're talking about repo and overnight lending. look at jamie dimon's last comment in earnings. hello. we have to start rebuilding the private markets. the fed came in during the crisis. they said everybody face us. now none of the banks are facing one another. in part because there's no point. if repo's at zero, why bother? >> at the same time you say the stress tests are a joke, the

market will take them seriously. >> of course. but we stress test a whole industry. like the ira. every quarter we stress test every bank in the united states. they're very different. when you look at the old stress tests that the fed has done. what do you see? the top ten banks are clustered close together. that tells you there's something wrong with methodology. wells should be the biggest. citi should be the outliar on the other side. and ba, jpmorgan should be in the middle. but that's not what they're showing you. lack of transparency. we don't know the methodology, the numbers underneath. it's hard to have great confidence in the process. >> we know the methodology now. >> what they're telling you. i'd like to see them publish the whole thing. use public data. do it right. >> your argument sounds like you don't trust the fed. you're coming across like ron paul. >> the fed's key priority is

monetary policy and protecting large broker dealers, primary dealers. they get around to the supervision of banks, safety, and soundness. the other issues is second to fourth on the list. >> you don't like any of the big banks? you only like the regionals? >> top six as you guys know i've been working to put together a new private hedge fund. i don't want to touch the top six until i know what's going on with the mortgage situation. bank of new york we rate at ira. but i still don't want to go there because i think they'll have to issue a lot of stock. so there's a difference. the regionals outperform the large caps since september. look at the way they moved. i think they're going to be more stable simply because they're paying. they don't have issues with the fed. and they have little exposure to wall street. >> you're content with having missed the big run in many of these. >> i'm not content with anything.

i couldn't buy anything when i was an analyst. i stepped down from ira at the end of the year. i'm going to take on exposure. what i'm saying is i think the value in this market is from u.s. bank corps on down. they have exposure to the both u.s. bank and the smaller custodian started cooperating. we have yet to see bank of new york sue bank of america. >> what's the sort of size of a deal you would like to see with schneider man to make you rethink? >> look. as you know, i've been up front about saying bank of america and alli have to be restructured. there was an article about what he was saying in court the other day. accusing of insider trading. i think mbia is going to win that lawsuit. with a double digit judgment. what do we do then? we've talked about this before.

i think we've got to get a some finality and get some restructuring done on these two names. and the others can muddle along. even wells. they have some issues. i'm interested to see what the feds do with wells in the stress test. >> that's where i want to end it. i've had every trader on the half-time show and others big wells fargo as one of their best. >> among the top banks, that's the top pick. >> why are they wrong? >> it's not they're wrong. they are the best of the top but they still have mortgage issues. they probably have as much reo in process as they're showing in their balance sheet. you can say this about all top banks. i'm saying we're not done yet. i think you'll do better long on a u.s. bancorp. it is up to how we settle this case. there's over a hundred billion dollars in claims against bank of america just on putbacks. now we're talking about rescission. if we talk about rescission,

that thing has to be fixed. >> got to run. great to see you as always. thanks for coming to chat with us. sticking with the financials now. scott nations, you're looking to make a bullish options trade. what is it? >> despite what chris said about the stress test being a joke, once we get past them, that's going to lose about $9 billion. a third will be dividend increasing. 2/3 share buybacks. and it's going to be in the biggest names. and i think the best name is jpmorgan. so i want to get bullish in jpmorgan. the way to do that is buy an april $41 call for a buck. now because of the run these have had, i don't want to buy the stock. i'd buy a call, define my risk. i'm not risking that much money. but importantly, the april expiration will catch the april 9th projection. >> all right. catch more "options action" every friday 5:00 p.m. follow on twitter as well.

up next on "fast," sun, sand, and bonds. you'll never guess where we found the next hot trade. when "fast" comes back.

welcome welcome back to "fast." want to bring you an after-hours action right now. take a look at shares of urban outfitters. they missed on both the top and bottom line. shares are getting hammered as a result. you see the initial trade up, then off a cliff there. dr. j? >> costco, dillards, there's a bunch that are hitting 52-week highs. this is not on that list. so i'm staying away from urban outfitters. i haven't seen a reason to go in here yet. maybe karen you have. >> too rich for me. >> not compelling at these levels. >> i haven't been inside an urban outfitters for about 20 years. that's just the facts. >> they don't sell armani there. that's why for you. >> please. meets the volatility of today's world. investors are starving so moving into puerto rican bonds. does it make sense?

joining us is president and ceo of labenthal and company. how are you? >> good. >> puerto reagan bonds? >> yeah. >> why? >> they have been a staple for many years. main reason they are exempt in every state. so if you live in a state that has no state tax like florida or if you live in a state where you can't find enough municipal bond paper, then puerto rico has been this great fill in. >> dr. j, right there. i was like who the hell owns puerto rican bonds? he raised his hand right away. >> i do. you didn't take a hit if you didn't sell them. the yields are higher. and you get the double -- you know, treatment like you say. there aren't too many places you get that double bang like that. that's why these rb so good.

as i say, they have now recovered. so the yields aren't quite as attractive as they were. but still i bet a lot of people are piling in at 4% or 5% for ten year yields or less. >> yields have always been higher on puerto rican bonds because it's not new york state. it's not illinois. it's not california. it's not europe, but it's always had a different economic situation than the 50 states here in the u.s. certainly over the last couple of years, that's been the case. unemployment is higher in puerto rico than here. but it's not like investing in a third world country. >> how about mbia? what situations? going to keep people soured on these? or will we see bigger yields because they need to attract money? >> part of the reason why many people felt comfortable investing in puerto rico bonds they had from fsa, you name it.

and that's not a factor as it once was. if you're investing in puerto rican bonds now, you are investing in the commonwealth. or the electric power authority. or the, you know, or specific corporate bond that may be actually issuing through. so without municipal bond as an insurance, as a factor and this has been a case across the municipal bond market, you have to understand the credit more than you did in the past. or if you're not investing in individual bonds and don't feel comfortable doing that, doing it there a fund where you have professional management. >> i wish i had a selloff. what's going on in the space? >> first couple months of the year we didn't have as much. also remember that municipals will track treasury generally. when they sell off, municipals will sell off. there's been the puerto rico issue, the dormitory authority. a bunch of issues have come to market. >> is this just a correction

that was long overdue? >> yes. no signs of white flags and dire warnings. that was 2011's topic. >> coming off what was a fantastic 2011 for the muni market, right? >> yes. and you're not looking for years like 2011 when you invest in the bond marvegt. if you get that, that's crazy. you're looking for the tax income and the maturity of when you get your money back. >> talk to you again soon. next up on "fast money," is the "john carter" office flop a bad sign for "hunger games?" [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research.

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this for a piece of interesting breaking news. reports tonight of intel of all companies is developing a web-based tv service. craig burger is an analyst at fbr, he joins us on the fast line. intel said to be creating its

own web-based tv service. what do you make of it? >> good afternoon. you know, intel's been working on cable chips with their processors for a number of years. so i guess this is a logical extension of that. i think it's going to be pretty challenging to make significant process in that path. we'll look to see what kind of concrete actions they've put behind it. >> why such a tough slog in your operation? is this set top boxes or is this is real threat to almost everybody whether it's a cable company, a dish, or a satellite provider or even netflix? >> right. getting all the content and all the programming is, i think, going to be the biggest challenge and figuring out the monetizization strategy. cisco, i'm not sure they'll set with the business right now. but it's just so far outside of

intel's core, it's a stretch. >> why would -- said to be highly involved in this project, why would he be going dl? what does this speak of? does this speak of desperation as a way for intel to grow itself beyond pcs? what's going on in your estimation? >> i wouldn't term it desperation. the company's had a very successful couple of years. they've done a really good job. clearly the ipad and tablets are eating into the core business. they're trying to respond with their tablets and converge devices. they're venturing further into software. so absolutely, odalini is looking to go away from standard pc business. this is certainly another operation they're exploring. i think they throw a lot of spaghetti at the wall, so to speak, we have to see what sticks. >> i'm speaking of paul of intel. what's your initial reaction

here? >> it sounds they're trying to end run in a way with apple tv. apple tv, of course, takes the signal over the internet. the wi-fi and puts it up on to your screen. sounds like intel is trying to do that same sort of thing. i don't know that this sounds like a great move by intel at all. but it should be good for the content provider's judge. disney, time warner, anybody who's got content that's pushing it out there. >> why is it necessarily a bad thing? we're evolving in a world where -- >> i'm not saying it's a bad thing. i'm just saying i don't know if his margins are going to be there. >> in terms of diversifying the model, you have to applaud him for that. the stocks had a great year this year. any pullback you get off is it a buy, but the content you used to have to go to the con tept. it's going to go to you. the competition in that space is only going to increase dramatically. it makes total sense.

i don't think it will be just intel doing this. i think there will be multiple people doing it. >> as they digest this especially tomorrow when

welcome back to sfz at the nasdaq market site. weak chinese trade data is causing a selloff in one commodity currency. should you bet on a soft landing? let's get your money in motion from amelia bourdeau. how are you? >> i'm good. >> i'm going to toss it to joe terranova. >> the aussie dollar, one of the best to own pulling back. what do we do with it? >> what's happening today is aussie is being sold on the crosses. it's sold against canadian dollar, mexico, and the new zealand dollar. a week ago we had china revise down their gdp forecast. i think there's catch up from weak australia data itself. a week employment number over the past couple weeks. these aussie are sitting at about the 200 day moving average or broken through.

from the technical standpoint it's compelling. that's weighing on aussie as well. >> when you talk about euro dollar, go there now. now you have worries about what's going on in spain, missing their deficit targets. where are we? 131.5 euro dollar? >> yes. >> where do we go from here? if that situation starts to get more serious. >> right. euro is right in the range. it's been in the range near the bottom. i think investors are hesitant to go here because we're at the bottom of the range. but if we break that 1.30 the figure, we'll see more downside pressure on euro. what could do that as you mentioned, we have further worries for spain. also coming up in april is the greece election. there's also an election in france as well. that could pressure euro lower certainly. >> dollar yen. why that? what's your level? >> my level for entry is 82.20.

that's the level we pulled back to today. i think you could pick it up there, go long dollar/yen putting a stop at 81 the figure. we'll have strong retail sales out of the u.s. this week and that will push dollar against the yen higher. >> we'll talk to you again. thanks so much. all right. [ female announcer ] you have plans, moments you're looking forward to. what if they were stolen from you? by alzheimer's. this cruel disease is the nation's sixth leading cause of death, affecting more than 5 million americans. the alzheimer's association has been behind every major advancement and continues to lead the fight against alzheimer's.

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