and micron technology, three stocks that are in the green. we will see how the rest of the day develops and the rest of the week as the international develops unfold with secretary kerry heading to kiev overnight. that's all for "power lunch." see you tomorrow. "street signs" begins right now. yeah, stocks are down big as russia rattles the world. the dow off triple digits but does the threat of war in ukraine mean you should sell? hi, everybody. mandy and brian here today with you. happy monday. more on what to do with your money as ukraine heats up. plus, the surprising run of two former tech stars that had been left pretty much for dead, and what is no doubt the world's most expensive facebook post ever. >> let's see the fallout on u.s. stocks. it is the worst day in exactly a month here. you've got the dow industrials

down 158 points, just off the lows of the day, down about 1%. energy was the only s&p sector that was positive. it is now red as well. we will bring you more on the commodity impact from the ukraine crisis later on in the show. in the meantime, i would like to show you what's happening with gold. investors are packing some of their loot with the safe haven, gold up just over 2%, sitting around four month highs. in fact, gold gained 7% in february, the biggest monthly rise since july. it is up about 12% year to date. other place investors are parking their money, with good old uncle sam. the ten year note is currently at 2.6%. it is around the lowest in a month. those are the stats we need to know. back over to you. >> thank you very much. things are moving very quickly in this situation. with reports given to us minute by minute. just within the past hour, the european union announced that it was going to hold an emergency meeting. let's get right to cnbc's steve sedgwick, who is live in kiev, ukraine. steve?

>> reporter: brian -- things are moving very quickly and diplomatically around the world as well. [ inaudible ] >> all right, unfortunately, we've got some audio problems. technology, very difficult. he's on a singular device so it makes it difficult with the lack of a wireless signal. if we get steve back, we will certainly go to him. meantime, we hope he stays safe. we also have the white house very closely monitoring the situation in the ukraine. let's get to john harwood with more. john, i guess the stakes are very high for the president as well, because the whole world is watching as to what kind of clout he has on the world stage with this ukraine situation. >> reporter: the stakes are high, as you say, mandy, but our leverage is fairly low. as long as everyone understands that the united states and european allies are not prepared

to send troops in this situation, it's pretty clear that the russians have the military leverage on the ground. so what the administration's trying to do now is figure out ways, small ways, but hopefully annoying ways to the russians to impose the costs that the president talked about the other day. so you've got suspended preparations for the g-8 meeting, you've got the united states announcing that it will not send a delegation to the paralympics in moscow or excuse me, in russia. you've got secretary kerry, the secretary of state, going to kiev tomorrow to meet with members of the new government, coordinate with european officials on potentially an aid package both from the united states and from the international monetary fund, but nobody is under any illusion that these themselves are going to force vladimir putin to pull out as long as he sees it in his interests. remember, the same thing happened in georgia during 2008

under the bush administration, and u.s. attempts to squeeze the russians had a modest effect but not an overwhelming one. that is going to be the case here and the united states is just trying to figure out which dials it can tweak. trade sanctions are possible. sanctions on energy and technology exports and imports are potentially on the table as well as restrictions on the travel of russian officials. the state department has not outlined the steps it's going to take and we also know that because of their deeper economic ties with russia, our european allies aren't willing to go as far as we might be in this situation. >> john harwood, thank you. let's do something special. i want to bring in our producer, a native russian. she has been monitoring russian media throughout the day. dina, you and i have talked many times about the russian media not being let's say as politically correct as the u.s. media tends to be. what are they saying? >> you're right, the tone is very aggressive. i have been listening to these russian broadcasts, the anchors,

the reporters referring to the protesters as neonazis, radicals, bandits. they don't call them anything else except those three names. another thing i found interesting, there are a lot of not so subtle hints that the west, specifically the united states, specifically president obama, are hypocrites, how could they suggest that putin crossed a red line by sending troops into the crimea. and another interesting thing i noticed, on two of the major russian news channels, they played pretty lengthy packages about kosovo, one of the reporters saying look at this, the americans spit on international norms and look what they did and look at how they are treating us and the russian people now that we want to send our troops and help russian people in crimea. >> i'm wondering to what degree are these news organizations in russia completely independent? to what degree is the state just using them as a mouthpiece? >> zero degree, they are independent. there was one alternative russian channel that is being shut down because of some

technicalities. you can still catch it online. everything else, every other broadcast is toeing the kremlin line. watching this, you really get a sense of a, what the russian people are hearing, what's on putin's mind and also what might come next. >> fantastic. we are very lucky to have you. thank you for monitoring those events. i'm sure if you hear anything of interest you will let us know. >> with events happening moment by moment, it's a very fluid situation, and an 11:00 p.m. new york time ultimatum, we are going to try and game out what could happen in the region over the next 24 hours. want to bring in steve liesman, who was the moscow bureau chief for the "wall street journal" so knows a lot about the inner workings of russia, and also heather connelly from the center for strategic and international studies who joins us on the cnbc newsline. welcome to you as well. steve, we were chatting in the makeup room, where all kinds of high level discussions always take place. you were saying putin is making a really big mistake here. he maybe didn't want to make this move but because he did not want to look weak at home, he kind of had to do it.

does he need a diplomatic out? >> he does. he does, i think. i think that's right. assuming that putin's objective is not to take over and militarily occupy the ukraine and/or this notion of reforming the soviet union, i think that's a fair assumption. what he wants and what he's wanted for a long time is a ukraine that is not too much in the western orbit. it would love one in the russian orbit. halving ukraine only takes what's left and forces it further into the western orbit, assuming there are elections. think about the math. two million plus people in the crimea, 45 million in the country. you've taken about 5% or so of the country of what could be a pro-russian vote. >> ultimately, inferring to the world what people said about you. >> that's a really good point. that's a great point. i think that's a big part of it. i don't think that holding crimea serves in his own interests. i think the best western policy is whatever they can do to help

him figure that out. >> heather, what does russia get out of this in your eye? is it a lose-lose? >> well, this is sort of the manifestation of putin's euasia union, this half reconstituted soviet union that counties of kazahkstan, belarus and ukraine. but putin can't really have a euasia union without ukraine. ukraine is russia's historical culture, its heart and soul. this is why the stakes are so critical for russia. this has been a play we have seen many times in georgia in 2008, with the invasion. we have seen where territorial integrity is violated and then no one's going to militarily respond in any way and russia simply stays where it is. >> heather, aren't the facts on the ground that putin can't have ukraine. he lost the yanukovych government, there were massive protests, so unless he's going to militarily occupy the country

and the feeling, what i'm hearing, the ukrainians will fight here so he cannot have ukraine as part of that group, at least under current circumstances. >> steve, i would say that right now, he has the crimea and because of the black sea fleet, that's going to be incredibly difficult to change. the question that you are rightly putting is what about the rest of eastern ukraine. that's why these demonstrations are extremely destabilizing, because we see where pro-russian sentiment is being whipped up, that it encourages ukrainian nationalists to respond and mr. putin says i must go in and protect those russians, ethic russians. this is where this gets so critical. i fear, i fear crimea may be already lost and i don't see how mr. putin climbs back down again. does the west continue almost like a cold war 2.0, put on

enormous economic sanctions to make the russian economy feel the pain of mr. putin's decision, then is he able to walk back. i think that's the question mark. >> steve, john harwood said a few minutes ago that the u.s. had no leverage. i respectfully disagree. russia is in the g-8. they are the eight in the g-8. they are one of the heaviest borrowers in the international debt markets. they just spent $50 billion to $70 billion on the olympics to lure tourists to that region not just for this year, but for the next couple of decades. isn't there a greater amount of economic leverage than we're letting on here? >> there is quite a bit but the question becomes the extent to which the united states wants to go to enforce that, the extent to which it could get unity from western allies. there are sanctions like the ones we have against north korea and iran that effectively remove those countries from the international financial system. we go there but my thinking is we don't have that kind of unity to get there. other than that, there are minor -- the problem with the strategy that you laid out is

don't underestimate the willingness of a government in the country of russia to inflict pain on its people in pursuit of its own goals. it won't matter to the russian government. >> we have to leave it there. heather, thank you very much. great commentary. steve, always appreciate your insight, particularly on this matter. let's get back to cnbc's steve sedgwick. i think we have the technology issues ironed out. he's in the middle of kiev. steve, i will ask you, that was a long delay as well here, have you seen anything resembling russian soldiers where you are? >> reporter: no. nothing whatsoever. in fact, don't forget, this is a town that is still licking its wounds after the most recent crisis, the ousting of yanukovych. what we have seen is huge bloodshed in the square behind me, in the streets beside me. the barricades are still there. the memorials to the dead, the flowers are piled five, six foot high. there are candles commemorating pictures everywhere. the bloodshed has been on the

streets in kiev, in literally the last ten days. but no sign at all of any military, not even ukrainian, certainly not russian as well. i do want to come back to what steve and heather were saying as well. i think there is a problem in western diplomacy. i would go against perhaps what steve said about the potential for the eu states to have some form of cohesion in terms of sanctions because of one key reason. sanctions against russia will hurt europe disproportionately because we have round about a third of our gas supplies coming, a lost it via the ukraine, coming from russia and sanctions against russia would undoubtedly have retaliation against. the other point is, this country needs support wherever it can get it. not only do we have a political crisis, we also have a long-standing economic crisis. there have been decades of kleptocracy, corruption as well, and the coffers are empty. i asked about the financial situation. it is dire. listen in.

>> the treasury is empty. the debts are big. we need to quickly design an implement the austerity program and economic structural reforms program which we are doing at the moment. >> reporter: the treasury is empty. that's what the economy minister told me today. what he did say was slightly more positively, work starts with the imf tomorrow on getting some form of deal. he wants some kind of support sorted out in four to five days. he's very hopeful of that. of course, there was a $15 billion russian loan. obviously that's not on the table anymore. the eu, the imf needs to come up with the money. otherwise there is severe economic problems as well as political problems in this country. guys, back to you. >> steve sedgwick, thank you. be safe, buddy. on deck, the ukraine ripple effect. how to protect your money from the crisis overseas. some of the best market minds will join us. plus, what is old is new again in tech land. we are talking about the topsy-turvy trade going on at the moment. our outrage of the day. how a daughter cost her dad

$80,000 all because of a stupid facebook post.

let's get you updated on what's happening in the markets. the dow, the nasdaq and the s&p are clearly in the red. however, we are well off the lows of the day. earlier on today, it was look like it could be u.s. stocks' worst day in about a month. keep in mind we haven't actually had a positive start to the trading month i think since november of last year.

just put this in perspective, though. russia by contrast, definitely the worst bloodbath in terms of markets around the world. it was down by 12% in monday's session. i think about $60 billion was wiped off their market value. so how is the crisis in ukraine impacting your money? dom chu has been taking a look at the ripple effects. what have found? >> it's like a seismic event or seismic event in the making. you have an epicenter like you said in russia and ukraine, then it ripples out with the effects dying a little bit more the further away you get. in this case here, take a look at what you said. yes, in russia, the stock market was down 12%. in the ukraine, it was down 11%. the epicenter, if you will, the biggest hit parts of the market. but then it spreads out. check out what's happening in eastern europe because then you go to places like poland and hungary. those stock markets were both down about 4% in today's trade. they are very near that russia and ukraine situation. then you move further out into the western part of europe and you have germany and france down by about 3%.

so yes, still in effect but it gets a little bit smaller and then of course, you go all the way out to the atlantic where we are here in new york, we are down about call it a percent-ish. the day is not over yet. but still, there is a huge impact the further out you go, even in the u.s. take a look at some of the big trading at least vehicles here in the u.s. for that russian trade. look at these etfs. one of the more liquid ones, spdr, root rbl and erus, the i-shares, all of those down significantly and of course, it's not just the russia-specific etfs. if you told any etf that tracks the bric countries or even eastern europe, those are affected as well. right now it seems isolated but all it takes is a possible bad situation in ukraine and russia and you could see those ripple effects get even more pronounced. back to you. >> yeah. the russian market now trading at a heady four times earnings. thank you very much. here's a basic question. you are probably watching all

this stuff happen and thinking why do i care. should i reposition my portfolio or stay the course. let's find out. steven wood from russell investments joining us and steven nicklas joining us as well. are you saying to your clients sell everything, sell the kids, sell the house, because of what's going on in ukraine? >> no. >> are you coming in to buy everything? >> it depends what they want to buy. this is why we look at that multi asset diversified portfolio. because bumps in the road happen. coming out of last year into the first part of this year, fixed income did not do well. had the first negative year in 30 plus years. so the tag line which might seem cute is every car needs a seat belt. why? you are going to have fender benders and bumps and every now and then you will get a nice crack-up. that's why you asset allocate and diversify. on an equity perspective, if you know you are getting these pull-backs in the market it provides opportunities and one of the big frustrating components of the last year and a half is that it has not been a sell-off which is very strange

historically speaking, so that 5% to 7% pull-back has not really happened in equity markets which has not given us the valuations we might have otherwise had. >> i will take it one step further. doesn't this just make the united states look a whole lot safer, more attractive place for investors to invest? also, when you consider there are about 70% foreigners in the russian market, i would imagine lot of them are coming out. where are they going to go? would it be the united states? >> exactly. in fact, one of the things that we have focused on as a theme has been the relative underperformance of the dollar over the last decade or so, and now especially with everything you have just said, and also the idea that the fed may be taking away some stimulus dollars, the u.s. dollar is a more attractive place. we saw that in the emerging markets more generally. we pulled money out of the emerging markets in the models that we are responsible for here, and we moved that all into u.s. dollars. i think you are exactly right. that's i think a very good way to play it for investors who are

looking to tamp down risk related to emerging markets. >> but are your clients calling you up in a panic and saying oh, my gosh, crimea is being invaded, what should i do with my stocks? >> no. as a matter of fact, i think there are a lot of investors out there who still are looking for an attractive entry point. most of the phone calls i have gotten have been more along the lines of well, at what point do you find value in the market. remember, you've had a lot of investors who have been left behind, lots of cash still on the sidelines, bonds for many people don't look like a very attractive alternative with relatively low yields. so for incremental money, i think investors are now looking for value, they are feeling better generally about the economy. this setback notwithstanding. and they are looking for value. there are places. you look at places like technology, there's lots of value to be had. you look at health care, there's a lot of value to be had. i think all you do is take a long term perspective, don't let this get in your head, and do what warren buffett does and look for good companies at good prices. >> be greedy.

be greedy where others are fearful. where are you buying? >> we like a u.s. equity globally diversified portfolios. credit space, global credit as well as in the united states, and i think also in europe, from an equity perspective, they " " "d."d -- >> i have a credit card. i assume that's not what you mean. how would you play the global credit space? >> looking at companies, well run companies globally and adding that into a fixed income allocation. looking for yield. this is low return environment. clients need to look across the board and replace what they used to consider yield, it's more of a total return plan. >> thank you so much to both of you. i guess the kids can breathe a sigh of relief they're not going to be sold along with everything else. >> that's a line from a movie. >> i know what it is. >> all right. some news to bring you. just a moment ago, the president speaking to reporters says that russia cannot with impunity put soldiers on the ground in ukraine and violate principles recognized around the world. those coming from president

obama speaking moments ago to reporters. we will get more on those remarks when we come back. still ahead, grand theft ukraine. the ultra-rich are fleeing the country, taking a whole lot of money with them. we will bring you where it is all ending up. later on, did old man winter keep car buyers off the lot? we'll have the latest numbers on how dealers are actually doing in this wicked winter and whether or not that could be good news for you. [ female announcer ] who are we? we are the thinkers. the job jugglers.

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what am i, back in the woods of virginia? get out the truck, cletus. both hard and soft commodities are pushing higher today as tensions escalate in ukraine. let's get more from the always well spoken jackie deangelis at the nymex. that was the ultimate fail. >> reporter: good afternoon. exactly right, a lot of big moves in the commodity pits today. largely based on the geopolitical situation that we're watching so closely right now. crude oil futures seeing a big pop today, both west texas and brent crude up nearly 2%. brent is under $111 a barrel. west texas intermediate over $104. that is as we are watching these events unfold in ukraine. traders are saying expect these oil prices to remain elevated

until there is some sort of resolution. meantime, that fear spilling over into the gold market as well. we saw a near $30 pop in gold today. it did close over the key technical level of 1350. traders are expecting as long as the tensions continue that gold will climb higher. last but not least, i want to talk about wheat because at one point we saw a big jump of about 5% because the ukraine and russia are big exporters of wheat. we are watching that commodity closely as well. back to you. >> thank you very much for that. an update on what's happening with commodities. ukrainians are very vital energy artery, carrying more than half of russia's gas exports into the european union. mary thompson takes a look at what's at stake. >> this is going to be a balancing act for russia. industry experts say they won't want to disrupt natural gas exports to europe. the reason? russia needs the money. according to the energy information administration, 52% of russia's federal budget

revenue comes from hydro carbons like natural gas. over three-quarters of russia's natural gas exports go to europe. those exports make up 30% of the eu's natural gas supply. so both sides have an interest in keeping the gas lines open. russia may have more at risk given overall european demand is slowing as the eu is increasing its use of alternatives like solar and with spring coming, it faces a seasonal drop in demand. lastly, nat gas inventories in europe right now are pretty high. when russia cut supplies to the ukrainian pipelines in 2006 and 2009 over price disputes with the country, prices did spike. many ukrainians didn't have heat. russia could do this again, impacting the ukraine, but doing less harm to its european clients. why is this? it's because now it has more ways to get the gas to the eu. in 2011, the pipeline which is shown here in green opens, going under the baltic sea to germany. its capacity equals 41% of the pipeline system.

between that stream and the pipeline through poland that isn't shown here, russia could maintain a steady supply to important european customers without the ukrainian pipelines. u.s. consumers not directly impacted but right now, it's expected that energy companies here in the u.s. are probably going to try to redouble their efforts to get the administration to ease the limits of exports of liquefied natural gas to european countries, countries that would probably welcome a more dependable stream of nat gas. >> thank you very much. many of ukraine's rich people have fled the country, taking a whole lot of money with them. let's bring in robert frank, who knows a thing or two about rich people and what they do with their money. where will it all end up? >> it's already ended up offshore. billions of dollars, in fact, have disappeared from the ukrainian government every year, according to the peterson institute. that has helped create vast wealth for a few politicians and oligarchs. the richest man is worth $15 billion, amazing for such a small country.

he owns a vast conglomerate with lots of government contracts. he's also been a big buyer of overseas real estate. he bought the most expensive apartment in london in 2011, a three story penthouse in knightsbridge for over $225 million. ukrainian activists have been holding protests at that building targeting his ties to the yanukovych government. another man has been the subject of a lot of protests to offset the criticism, he started a charitable foundation in britain which gives away scholarships. another plowed a lot of his money into art. the british press saying he spent over $130 million for his london home back in 2008. when ukrainians ask where is all the money, you might want to look on the streets of london and the auction houses here in new york. a lot of money. >> sad, because that money will probably never come back to the country. >> exactly. unlikely. >> make the money here, take it somewhere else. thank you very much. let's get to the playbacks

of president obama making remarks on ukraine moments ago at the white house. >> what leverage do you believe you have for president putin at this point, and is the u.s. concerned primarily about getting russian forces out of crimea or are you also concerned about russian forces moving into parts of eastern yukraine? >> all of the above. i spent the weekend talking to leaders across europe and i think the world is largely united in recognizing that the steps russia has taken are a violation of ukraine's sovereignty, ukraine's territorial integrity, that they are a violation of international law, they are a violation of previous agreements that russia has made with respect to how it treats and respects its neighbors, and as a consequence, we got strong statements from nato, from the g-7 condemning

the actions that russia has taken. and we are going to continue these diplomatic efforts during the course of this week. my interest is seeing the ukrainian people be able to determine their own destiny. russia has strong historic ties to the ukraine. there are a lot of russian nationals inside of ukraine as well as native russians, as there are a lot of ukrainians inside of russia. there are strong commercial ties between those two countries. and so all of those interests i think can be recognized but what cannot be done is for russia with impunity to put its soldiers on the ground and violate basic principles that are recognized around the world.

and i think the strong condemnation that it's received from countries around the world indicates the degree to which russia is on the wrong side of history on this. we are strongly supportive of the interim ukrainian government. john kerry is going to be traveling to kiev to indicate our support for the ukrainian people, to offer very specific and concrete packages of economic aid because one of the things we're concerned about is stabilizing the economy even in the midst of this crisis, and what we are also indicating to the russians is that if in fact they continue on the current trajectory that they're on, that we are examining a whole series of steps, economic, diplomatic, that will isolate russia and will have a negative impact on

russia's economy and its status in the world. we have already suspended preparations for the g-8 summit. i think you can expect that there would be further follow-up on that. i think we are taking a look at a whole range of issues that john kerry mentioned yesterday. and the question for mr. putin, who i spoke to directly, and the question for the russian government generally is if in fact their concern is that the rights of all ukrainians are respected, if in fact their primary concern as they've stated is that russian speakers and russian nationals are not in any way harmed or abused or discriminated against, then we should be able to set up an international monitor and international effort that

mediates between various parties, that is able to broker a deal that is satisfactory to the ukrainian people, not to the united states, not to russia, but to the ukrainian people, and we should be able to de-escalate the situation. so we have been very specific with the russians about how that might be done under the auspices of the united nations for the osce or some other international organization, and john kerry will pursue that further when he arrives. so there are really two paths that russia can take at this point. obviously, the facts on the ground in crimea are deeply troubling and russia has a large army that borders ukraine. but what is also true is that over time, this will be a costly proposition for russia, and now's the time for them to

consider whether they can serve their interests in a way that resorts to diplomacy as opposed to force. one last point i would make on this. i have heard a lot of talk from congress about what should be done, what they want to do. one thing they can do right away is to work with the administration to help provide a package of assistance to the ukrainians, to the people and that government. when they get back in, assuming the weather clears, i would hope that that would be the first order of business, because at this stage, there should be agreement among republicans and democrats that when it comes to preserving the principles that no country has a right to send in troops to another country unprovoked, we should be able to

come up with a unified position that stands outside of partisan politics. my expectation is that i'll be able to get congress to work with us in order to achieve that goal. >> remarks there by the president. cnbc's chief washington correspondent john harwood is back. isolate russia. sounds pretty cold. you think he will follow through on these threats? >> reporter: well, we are going to see. they have talked about sanctions, haven't imposed them but the question is when do they pull the trigger on that. are they waiting for some russian reaction, for russia to take the offramp that u.s. officials have offered, and how extensive are those sanctions going to be. the implications of course extend not just to russia but also to other powers around the world watching the american reaction, china among them.

i thought it was interesting that you just heard the president say he wants to try to pull congress together behind an aid package to the ukraine. that is an attempt to diminish some of the criticism that he's been receiving and move forward on something that would provide concrete help. of course, the situation is fluid on the ground as this one is sort of difficult in a practical way to get aid going and implemented any time soon. the imf is also sending a team in for a ten-day mission and the other thing i think is significant, mandy, is that the president talked about international monitors in the crimea and elsewhere in the ukraine. that is an attempt by the americans to not allow russia to falsely claim a pretext for additional moves beyond the crimea. they don't want the russians to in effect, whip up russia nationalism in eastern ukraine, create some sort of incident and

saying the incident requires more military action. the effectiveness will be seen over the next few days. >> indeed it will. a developing story and lot of potential outcomes. in the meantime, thank you very much for the update, john. still ahead, the most expensive facebook post ever. what one teen wrote on facebook that cost her dad $80,000. plus, why tech land is starting to look like a scene out of a monty python and the holy grail. >> not the life of brian?

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there's your reaction to the markets. we are still seeing the dow down pretty big, down 164 points. it was down nearly 240 at one point. there is one stock that is trying to be positive, at & t, down just two pennies. if one does go positive, we will bring you up to date on that. visa, the worst performer on the dow, off 2%. what else is benefiting? we have gold. it's a safe haven or seen as such. it is currently up by $30 a troy ounce, up about 12% year to date. in fact, a number of commodities like wheat and corn are also being pushed up as crimea is a major grain route for the ukraine. those are the things we're watching.

we will have much more ahead on this show. but let's find out what's coming up with bill and michelle, who is in ukraine on "the closing bell." >> she has been in ukraine. but she's here with me right now. we do have this sell-off as you guys mentioned. the last hour of trade is going to be critical. stick around to see how traders respond to what's going on over there. we have an all-star panel of money managers joining us as well to tell you how you may protect your portfolio right now. >> there's one investor completely unfazed by the selloff today. warren buffett is buying, he told us this morning. should you follow his lead? and pfizer wants you to be able to buy its cholesterol drug lipitor over the counter. will the fda approve that use? i have low testosterone. there, i said it. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] today, men with low t have androgel 1.62% testosterone gel.

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lately, it's been more like little blue. shares of ibm are down around 9% in the past year, but warren buffett still believes this stock is a buy. here's what he had to say on "squawk box" this morning. >> there is a transition going on in the business, particularly in terms of the cloud, and so i

would say it's fair to say that i know less about the future of ibm than i might know about the future of wells fargo or coca cola or the businesses we own. i think i do know enough about it that i feel good about owning the stock. >> so if warren buffett likes ibm, do you dare go against him? let us talk numbers. on the technicals, jeff tomosullo. on the numbers, pat sanativo. do you agree with warren buffett? it's been a difficult, disappointing stock last year. >> it's cheap at nine times earnings but unfortunately, the operating results are what you call a flat double triple. revenues have been flat over the past decade. they have literally not grown at all for ten years. but operating income has grown by -- about doubled and earnings per share have tripled because of buy-backs. basically ibm is lbo'ing itself by slowing buying back its shares. if you believe it can keep

cutting costs forever, you should own it. unfortunately, that top line's not going anywhere any time soon. >> so not exactly a ringing endorsement. what about the technicals? what are they telling us? >> you saw that, it underperformed severely the s&p 500 last year. it was down 9%, the s&p was up 27%. but there is a silver lining here and maybe it is warren buffett, maybe it is ibm buying the stock but over the last five months, you can see that it's putting a triple bottom so 172 is a very key level. if it breaks below that 172, i would be very concerned that the price action will bring it lower. if it holds above that 172, i want to see it break above 190 and i think you will be pretty set going forward for at least a year or two. >> all right, guys. we appreciate your views on ibm there. not often we get to roll in warren buffett into talking numbers. but we do appreciate it. you are following good company. all right. up next, the topsy-turvy tech trade. plus the most expensive facebook post ever. "street signs" will be right back. tdd#: 1-800-345-2550 trading inspires your life.

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welcome back to "street signs." i'm phil lebeau with breaking news. the february auto sales rate has

been calculated now that all the automakers have reported their numbers. 15.34 million, that's the sales pace for the month of february. the same as it was for february of last year, and that's just a smidge better than january, but still weaker than many people were expecting it he start of this year. guys, back to you. >> let's hope it picks pup. is the tech world turning upside down. blackberry seems to be currying for maf more favor this year. apple stock is not doing so well. how do we make sense of this? sasha, what do you make of this? >> well, it's really three words and those words are mobile world congress. last week we had the world's biggest mobile industry trade show, 85,000 people. nokia made some big announcements, microsoft, big announcements. blackberry, samsung, all exposing some of their 2014

plans, but we haven't really heard anything from apple about 2014 yet. they just had their shareholders meeting, and they still kept mum. we have a lot of visibility into what's coming from these other manufacturers over the next year, but apple, it's just a mystery. >> i think it's more complicated than that. when you just take nokia, this has nothing to do with the devices business, the reason why they got this upgrade. it has to do with patents and the fact that going forward since the devices business is going to mishtion soft, they will not have to play defense against apple and samsung and the analysts speculating that since they don't have to play defense, maybe they can get a better price on the patents inp. they have quite a few. we'll very to see if that's the case. some others have gone to china which hasn't yet approved this microsoft/nokia transaction saying, hey, if they charge more for patents, that's bad for the overall ecosystem. when it comes to blackberry, i think it has to do with them being more conservative, not spending as much, trying to make a devices happen.

>> i worry about the value of blackberry's patents. everybody said blackberry has these invaluable patents, however most people are putting all the intellectual property in messenger and some of the back end stuff. we're seeing all these other things supersede blackberry messenger, whatsapp comes to mind. do you think there is much inherent value in the blackberry patent portfolio? could be old. >> i don't think the patent portfolio is where people are looking for blackberry's values -- >> where is it? hardware? >> the analysts i'm talking to you are looking at blackberry as a company which can securely manage corporate data, especially in regulated industries and gofervernments we it's hard to get an okay as a management platform. they're looking for blackberry to retreat to and defend these regulated industries and government contracts and that's something that blackberry's new ceo john chen has said he's going to focus on. he said that last week, and that may be part of the more positive

sentiment. >> i think that's exactly right. john chen told me that's the anchor business going with some aggressive pricing trying to hold onto the customers they have, maybe steal back some others. also, you know, blackberry messenger, though it's not that hot, it hasn't exactly been growing gangbusters, it still has significant share in some markets. that's got some value, especially if they can get it growing again somehow through trying to put it out on ois, on android, if they can approve that enough or attract some bidding interest. >> if facebook is paying $19 billion for whatsapp, it makes you really try to work out what exactly blackberry messenger is worth. >> that's a whole different issue. >> yeah. >> you have taught people for a decade that everything should be free and now you're going to get up on the stage and say we're going to monetize eyeballs. how are you going to do that when a generation of users won't way, i think the technical world is squat for anything. >> it's possible because browsers are free, too, but you

can monetize the browsing experience through e-commerce. in all these countries where the broader web we think of in the developed markets hasn't taken off. if whatsapp can figure out how to take a cut of transactions in india, there's enormous potential but there's a lot of groundwork to be laid. zuckerberg starting to try to do that by offering whatsapp in facebook for free to emerging markets carriers. if he can pull that off, not only will it be great potentialpotentia potentially for them revenuewise but it will lock out any efforts by twitter and others to get into that market if they're offering it for free. >> a lot of technical terms, smidge and squat. up next, the 80k facebook fail. [ bagpipes play ]

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so it could be the most expensive facebook post ever. a miami man settled an age discrimination lawsuit against his former employer which was gulliver prep high school. he was awarded $80,000. his 21-year-old daughter posting the following. mama and papa snay won the case against vulgar. gulliver is now officially paying for my vacation to europe this summer. and then it ended with an expletive. her father's settlement included a nondisclosure agreement.

they violated the nondisclosure agreement. >> yeah, dumb, and nobody can have 1,200 friends. >> i'm sure some of them are fake or friends of friends of friends. not real friends. >> the state of society now. three of my two friends are on facebook. thanks for watching "street signs," everybody. >> "the closing bell" is next. you know that saying march comes in like a lion, but for the stock market right now it's more like a bear. good afternoon. welcome to "the closing bell." >> i'm michelle caruso-cabrera in for kelly he was. she's back tomorrow. stocks rocked across the globe from the ukraine crisis and the united states is not immune. the dow jones industrial average is off of its lows down 158 points. at the worst