seeing in the app so far? >> we have had an incredible response. we have been out in market, a billion dollars in consumer spending. >> thanks very much. we'll keep an eye on all of it. no substitute for financial planning. mandy in for melissa. we'll be talking about china fears, real signs of slowdown, what you do with your money when it comes to commodities. we got a top-ranked china analyst that's going to give us all of the skinny. "fast money" starting right now. we're here. we're live from the nasdaq marketsite from new york's times square. i'm sitting in for melissa lee. we have our wonderful traders. and elon mufk making a direct

swipe at governor chris christie. this is first week that the dow has closed down all five days in a trading week in almost two years and we're going to go into a really crucial weekend that could have a big impact on the global markets. violence breaking out ahead of a key referendum, whether crimea will decide whether to stay a part of the ukraine. if we get bad news this weekend, there could be can tip lags, a washout in the markets. >> the u.s. finally in the last couple of days, i saw volatility pick up to levels where i think it should be. i don't think ukraine/crimy mee affects head winds. so, what i would be doing, first of all, xbl materials, you fade

that, you at least short that. you protect that. to me, you don't sell the farm here especially if you're an u.s. investor. hedge up risks in the broader market. russia has the potential on the risk/reward, slightly long on russia. emerging markets are going through a painful time, i'll just say this, if you're looking at asia, breakouts in asia and indonesia, it's not every reg n region. >> make the u.s. a safer place to invest. between the u.s. markets so far this year and the some of the developed, emerging markets, we're doing okay? >> marketwise it's fine. the critical level, given the february low was given 17.50. give or take.

i think it comes 18.16, 18.17. to your point, i think the rush for safety has been in the form of the bond market. deflation is the enemy. >> what about you? >> i can just what i did today, i actually i covered a lot of the risk oppositions that i had and put on some risk-on. i think in this case, you have to start thinking about -- >> does wayne trade money as well? >> yes, he does. i think the news is already out there. it's already priced into the market. you are to start thinking about a world where perhaps ukraine isn't a worry and china is at least priced in and i'm not saying, go wildly bullish. >> that's the way people are

setting up. i thought that the weakness today was probably a little bit overdone, how can you say that because you don't know what the other shoe is left to drop. for me, it's about russia in the near-term. >> i think russia could turn into a much bigger, we have had generals on the show, maybe this is the first opening act, i don't know, for e many, i don't know where that goes in. nobody knows. what we do know, china is to a large extent factored into the marketplace. slower global growth. >> s&p, 2% away from its record high. there's not room for error, is there? >> actually on the ukraine situation -- you actually saw today, when the russian foreign minister talked about not invading, i think that's what

you're looking at next week. >> europe is still at all-time highs. if china is a bigger risk why the s&p is flat. >> the dax and s&p have been closely correlated since those lows. watch the dax and watch the s&p and what they're doing together. in addition to the uncertainty, russia, ukraine, new economic data from china today, injecting a dose of fear into the markets. money to be playmade by playing fear. >> the fundamental problem in china, since the end of 2008, debt has grown $16 million. every year, the burden to essentially issue debt to pay the existing debt is growing. effectively, what we think is going to happen this year is similar to playbook in 2012.

slow growth in the first half the government is going to talk about they're not going to stimulate, in the second half they're going to is stimulate and things get better. with china slowing, we think commodity prices are going to come down. we would be shorting joy gloe i, u.s. steel. >> a bit of a tail spin for over a year, really it's an 18-month trend here, would you be shorting it here? to me the risk/reward on shorting cliff here, i also think people make it out to be a sea born play, it's got a steady u.s. business, somewhere around here has been holding in, where and do you go after it right here? >> i think so. the issue here, what happened you have port inventories at

record levels. at this time, iron other prices were 130. now they're 110 we think iron other prices are heading significant lower. >> i mean, these guys, first of all, they beat earnings every quarter last year. to me, you're in place where you're going after a company that's already kind of the horse has left the barn. >> i disagree with that firmly. i think it's very reliant on china. >> but not the u.s. business. >> that's not the point. the u.s. business is a great business, no doubt about that, if they can't divest that asset, they're going to continue to lose money, at these iron other prices they're in trouble.

>> i think caterpillar is a great short. if you look at joy global, i understand fundamentally what you're -- joy global gets taken over. do you factor that in at all in terms of these shorts? >> today's market cap, they don't have the money to acquire joy global. mining cap x is expected to be down 12% this year. joy global's revenues are 92%. yet the street has their earnings improving massively next year. so i just think there's trouble ahead for those guys. cat cat e ee eer -- coal is weak. >> thank you very much for joining us, gordon johnson some news out of target.

dominic chu has more details. >> check out what's happening higher with target shares, they're down marginally in the after-hours. target admitted the massive security breach has hurt its image and business. but it did say it can't estimate how big the financial bill is going to be but that it could -- it could have been farther reaching than what it has been reported so far. the company acknowledged that it had picked up on the -- news could be worst than what we know right now. >> thank you very much for the details there, dominic chu, what do we do with target now? >> if you want to catch a falling knife, i would stay away. >> target is around $65.

it broke there. you have to left this thing find a level. there's nothing about their canada business that's turning around. that's been a major drag on the fundamentals of the company. >> target has really opened it up, that technology, everybody's focused not only the software companies that will safeguard against future attacks, you go with the verifone. >> that's the other side of the trade. always one beneficiaries. tesla ceo elon musk fires back at governor after the state bans tesla sales. who says luxury is dead? coach is better doidoing better

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that? guy, you would know. you would know. >> just help the people at home. >> isn't it britney spears? >> i got plenty of time for britney. >> i'm gonna to vegas. time to hit today's top trends. new york is taking a page out of new jersey's playbook. they say he wants to ban tesla from direct sales, telling the new york post, quote, my hope is that we are going to be the next state, i feel confident, tesla's elon musk took a direct swipe at a new jersey governor. saying, quote, the ration nail given for the regulation change that requires auto companies to sell through dealers is that it ensures consumer protection. chris christie's camp has no response. following new jersey, new york

would be the sixth state to ban direct sales of autos. how do we deal with no pun intended tesla's stock? >> tesla's side on this, it should be decided on in their favor. the way the stock jumped, 225 was the national level to trade down to, if we get a pop next week, this is probably a place where you can make an entry. >> i'm watching 225. that's the level for me. >> sorry, what are you watching on the upside? i'm curious. >> again, from these positions, these are the momentum positions that i put on, if we get some melt-up in the market, these are going to outpaced the market. >> when morgan stanley and i believe it -- when they put the piece out on batteries, gig watt

facto factory. now, it the doors have blown off. you're not looking it as a technology company. you're looking at battery supply company and an auto company. you're able to call it something else and you're able to put better valuation on it. >> i believe there's a space outside in times square. next up, a look at what's happened at coach today. jumping after a report was released, that revenue will be above the street consensus. let's bring in matt jacob, why are you much more confident than the street? >> hi, thanks for having me. our research indicates although coach continues to lose share as

it has over the last couple of years, this trend isn't as bad as the negative expectations that the street has for the company. >> which do you prefer, kors or coach? >> think kors is also tracking ahead of expectations and we're certainly more positive on them longer term, kors continues to take shares in space. kors is taking shares directly from coach. >> question, coach to me is a company in transition. coach, on some level, is trying to be almost a lifestyle brand, what do you say to that? this company has moved from being just in the bags, adami is buying in, selling slickers and boots and things like that, i'm not sure they're ready to do. the creative team is new, a company trying to do more, why

go after it now? >> yeah, i agree. you i think there are two perspectives here. one, a short-term opportunity over the next month or two. to play coach, you know, around, just some slightly better trends than the street is looking for. if you're looking to invest in coach longer term, you have to buy into what the new management team is trying to do, that's going to be a longer process. they showed their new styles a few months ago. positive reception by the press. however, that does not come out until september, so it's going to be a while before investors get a good sense of what the new management, if their strategy is actually working. some roller-coaster rides here depending on what they do the next couple of quarters.

trends look better for the march quarter, longer-term, they have to get comfortable with the management's new strategy. >> we'll be watching as well. matt jacob talking there on coach and little bit of kors more cash, more problems, s s samsung taking a page out of apple book. that's all coming up next. police microsoft pull support for software may actually be bullish for the company. that's also next. "fast money" means trading. everybody has to bring their best information each and every night. the entire day is the preparation for that night. >> it's idea generation. a framework on how to look at the market.

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money." we got some breaking news here, we're checking out stocks of si in, a, a chinese internet company, this on the heels of a filing that intends to take its microblogging unit, which is weibo public in the u.s., they're looking to list those american depository receipts. looking to raise $500 million in an ipo. this is like the twitter or facebook of china. it's very heavily used there. they're looking to ipo this unit in the u.s. the listing has yet to be determined yet. it could be nasdaq or nyse. no indicator of what the ticker will be. >> thank you. what do you think of this? we got the facebook/twitter of china coming to the united states. >> it is. there is competition out there. the problem with sina there is

competition in this space. the stock is down from 90 to 64. the stock is still not cheap. still in place where i would own it. this news is very good news. we have been hearing it for a week now. lot of competition in this space. it's not a straight line, it's not like they own the entire twitter market in china. we love the nasdaq. we sit here. >> nice job. >> what would i say, what's nice to see, these guys are all considering u.s. exchanges at this point. hong kong was stealing a lot of the thunder. the technology plays, i think this is where they belong. >> okay, staying with the technology, samsung taking apple's lead as the ceo says he wants to return more money from the cash but he can't.

because the technology market is quote, in turmoil, is that a warning sign of tech? what do you make of that? some of the japanese tech companies. as soon as you hear about competition, you think margins right off the bat. apple needs to hold on their margins. they're white-knuckled on it right now. screaming bearish more for apple than the rest of the space. >> what about samsung? >> of course, staggering the two against each other, it's more bearish for apple than samsung. >> when you listen to samsung, they're concerned they're only a hardware company, they're also a microchip company. when they look at apple's businesses, i think they believed there's some recurring element to apple's business. the margins are becoming thinner and thinner. i think it's probably will be

jumping back in. >> do you agree? >> i bought emt today, a big portion of that is samsung. i'm with tim on this. in the long run i'm concerned about the fact that you're satch yated the high-end cell phone market. breaking news, this time on green mountain, dom. >> here's the news on green mountain, a release they're going to make some changes to the s&p 500 as result of these changes, keurig green mountain is going to be added to the s&p 500. green mountain coffee or the company now known as keirg green mountain, it will take the place of wpx energy. in addition to that the reason why, in an s&p midcap index, wbx energy will be added and a kate spade company, spun off to be

its own apearl and clothing company. it will be a part of s&p 400, kate spade and company. all of these go into effect at the close of trading on march 21st. how do we trade green mountain? >> you don't buy green mountain on this news monday morning. if you get a pullback, 110 area. >> really quick, studies on this, the name that comes out actually that comes out than the name that goes in. we'll be back on monday. 5:00 p.m. eastern. up next is "options action." why traders are betting on a twitter turnaround. that's up next. make sure you join us.

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♪ ♪ this is "options action" tonight. drug bust. no that kind. we're talking about viotech. one of the hottest or