sell-off, not something apparent this morning. the way things close broadly, not just within techs, and expect snapback and the strength will be telling. >> make a list. >> have a great rest of the day. there's the story on street, as i said. "power lunch" picks up the ball now. >> lace them up. halftime is over. the second half of the trading day starts now. >> scott, folks, thank you very much. nasdaq started positive and then ker splat, down 2%, at 4200 on the button. biotechs appear to be the culprit. that is the main etf that tracks biotech. we got it coming up. there it is. i shares, nasdaq, biotech, down 3.75%. look at the -- that's why most people -- i'm supposed to stay here -- invest in the nasdaq stocks now. there's the power share, q, q, qs see them down a buck and a half at 87.67.

now i'll talk about the malaysia airline flight 370 mystery. pandemonium, families gathered after the leader, malaysia, says probably all is lost, no survivors. the issue -- issuing a statement, airline, malaysia airlines deeply regrets we have to assume mh370 ended in the southern indian ohhen. also code, kol clucollusion silicon valley. corporate titans threatening war and promising peace over agreements not to recruit the employees of others. amazing story. start with sue at nyse. >> happening right now, nasdaq, which is almost in free-fall, it has market watchers certainly the bullish ones, by the throat after starting the day up. it is now down, it fell 85 points at one point. just off of that. still down 74 points.

1.75%. one of the reasons of the sell-off, pressure from biotechs. first, for the overall market story, uptown. sheila? >> well, plenty of movers to talk about at the nasdaq. mostly to the downside, of course, overall index near session lows, nearly down 1.8%. it's a broad-based sell-off. more than 90% of the nasdaq 100 in the red. importantly, we have breached that 50-day moving average. that of course, an important technical level that traders are watching. what's been happening here? the biggest theme from leaders to laggards. all of the high flying momentum stocks, tesla, priceline, netflix, they have led the nasdaq rally, are falling today. netflix, one of the biggest losers on the nasdaq, down 9%. a lot of people saying, look, drawing in high momentum names is drying up. there's no more buying that's happening here.

also, large cap tech is taking in the chin today. you have microsoft, google, facebook in the red. one exception, apple, managing to hang on to gain. finally, talk about the sosh d social and internet, losing ground. all of the names we talk about, groupon, yelp, twitter, facebook, in the red today. traders i have been talking to are saying they are concerned about the downside momentum we are seeing. one of the big concerns, how quickly it's happening. sweeping the mid-march lows, breached the 50-day moving average. how quickly we are moving lower is surprising traders. i want to end on a positive note, semantic, beat up last week after the ceo fired, regaining ground. up 3%, after a bmo upgraded the stock. >> thank you. let begin on the bioteches. we talked about it last week, gave you a warning, they were turning. they're falling again. dominic chu has that side of the

story. >> we highlighted it here last week on "power lunch", biotech stocks were a drag then, and the trend continues. all seven biostocks in the s&p, down today. worst decliners, alexion, biogen, amgen. a portfolio-traded basis, check out the ishares nasdaq, etf, tyler highlighted, down day would make it four in a row, with the 5% decline on friday tacked on to 3% decline today. remember, like we said on friday, traders are not yet characterizing this as a full-scale flight or rotation out of the industry. for the time being, the sense is this is profit taking for stocks that had a monster run over the past year. etf, the ibb, up 53% over the course of that time. even with the big declines in last few days. it's worth noting for now, shares of those biotech stocks

off session lows. from a chart point of view, looks like buyers waiting as we bounce off the 100-day moving average for these stocks and this nund particular. the question becomes, as we approach closing bell, will buyers stay? will the levels stay that way? back over to you. >> we'll be watching that closely. one of the things about the sell-off is it's pretty broad and it's pretty deep. dow down 56 points. the nasdaq also down. both indices started in positive territory before they turned and moved into negative territory. s&p for its part down 12 points, two-thirds of a percent, to 1853.71. seema mody looking at another sector on the ropes, the small caps. russell taking a hit today as well. >> market experts have become increasingly cautious when it comes to small cap index, which is under pressure today. the main concern, valuation.

small caps, big price tags. this point, it's difficult to find value. while barry nann points out a majority of the stocks in russell 2000 are domestically oriented named that have already priced in recov of the u.s. economy, leaving no more room to run. outpacing gains on the s&p 500 over the past year, up 26%. helped by biotech stars, intercept, both up triple digits this year. getting whacked today, as the biotech trade gets unwound. it's not just fundamental experts raising a red flag. the chief market technician says russell 2000 trading 41% above 200-moving week average. last time it traded this high before the dotcom bubble burst. it's not just investors in small cap names that about the russell

2000. it's a leading indicator for the broader markets. we'll keep an eye on the russell 2000. >> it's an especially dramatic day in the search for malaysia airlines flight 370, 16 days after the aircraft vanished. malaysia airlines issuing a release to the families and the world, malaysia airlines deeply regrets we have to assume that mh370 ended in the southern indian ocean. the prime minister of malaysia also spoke today. >> it is therefore, with deep sadness and regret, that i must inform you that according to this new data life amid 370 ended in the southern indian ocean. >> eunice yoon in a hotel where

the families of the missing gathered. it was difficult -- a difficult report to listen to. >> reporter: can you hear them? i'm at the hotel. i'm at the hotel with the families. it's completely chaotic here. the security had tried to manage it, but the families are just bursting into tears. >> eunice yoon with us live now from beijing. what is the very latest from beijing where those families, of course, got the word that they of course had hoped against hope would never come? eunic eunice? >> reporter: tyler, it was -- it's been a very emotional and trying time for them. they've just been overwhelmed with the new information and obviously, just overcome by what they've now been told. i'm standing in front of the hotel where the families have been staying for the past two weeks. this has been a very trying two weeks for these families, where

every bit of information, every rumor out there has been toying with their feelings and their emotions. so, they were told today by malaysia airlines to gather in this room where they hold regular briefings, they were told it's an emergency, so they gathered there, and that is where on state tv they heard that statement from the malaysia prime minister, statement that they dreaded hearing. now, it was right after that, when the chaos really ensued, where we saw one man running out of the room. he actually fell down the escalator, and he had to be dragged away. another woman came out and fell down to her knees saying her children and grandchildren were all on the plane and now she's all alone. the latest, still emergency medical workers on site. they have been taking people out on stretchers. we were told that a lot of the

family members had fainted. we saw many people being pulled out. the security situation is still quite strong and the families, there are still relatives in the room and trying to cope with what they have been hearing. ty? >> eunice yoon reporting from beijing. she will keep united states post for the rest of the day. phil lebeau, of course, our airline reporter, live in south carolina today on another story. but, phil, i want to get your thoughts and any potential reaction yet from boeing, the manufacturer of this 777. let me zero in on one thing that the prime minister said. he used the phrase "according to this, quote, new data, we are drawing the conclusion the plane's flight ended in the southern indian ocean. what is that new data, phil? >> it's new satellite data from inmarsat in great britain, working with the british government. they did further analysis of the satellite data that they have, the pings coming from the

malaysia air 370. that allowed them to eliminate the northern corridor, and as a result, it's got to be the souther. corridor, based on the trajectory, doing further analysis of the satellite ping data coming back. that's why they said to the malaysia government, this is it this is where it's at, it's down in this area here. whether or not they fine the data, or flight data record somewhere wreckage, that remains to be seen. but that's the latest data from the malaysia government. you mentioned boeing, a lot of questions will whether or not this means boeing will have some sense of what went wrong with the plane. though shares of boeing took a hit when it first came out, we won't know if boeing's at fault if it was because of criminal activity, still a lot of questions that are out there. keep in mind, the search crews that are going in the southern indian ocean spotted what they suspect to be debris from the plane but yet to positively

identify any of that debris coming from flight 370. and really, the bottom line is, you need the flight data recorder. remember, this flight data recorder's probably two miles down on the ocean floor, and that's a guess at this point. you've got another 30 days where or 15 to 20 days where you might have a ping coming from the flight data recorder, and if there is equipment in the area, they might be able to pick that pinger. by the way, u.s. navy's pinger, one of the locators is on its way to perth from jfk, being accompanied with ten private contractors. that may help them find that flight data recorder. keep in mind, it may be months, years, before they ever find that flight data recorder. it took a couple of years in the air france case off the coast of brazil. so that's really the key to finding out what happened with this flight. >> all right. phil lebeau, reporting from south carolina. sue, down to you. it was 25 years ago tonight

that the "exxon valdez" spilled oil off the coast of alaska. worst oil spill in u.s. history. in the port of galveston, texas, authorities are dealing with another oil spill. traffic into the harbor is massive, as the cleanup workers try to do what they can, as a massive backup, as you can see in that harbor. and nbc's janet shamlian is in galveston. >> reporter: this is one of the biggest export waterways in the world, the houston ship channel. it now closed for the third day since this oil leak did rather the oil spill from the accident on saturday. and there continues to be economic -- the cruise industry here, two ships loading up passengers, but no indication when they're going to be able to leave. there is something like 35 ships waiting to get out of the houston ship channel. but because of this spill, something like 170,000 barrels, there's no transport in or out at this time.

and, this could eventually impact within the next 48, 72 hours, the refineries in the area could potentially have to shut down if the houston ship channel remains closed. the coast guard is using skimmers on the oil that has spilled. we're being told oil spread something like 12 miles out and can be seen to that point. we know there are reports of oil birds. no indication at this time when the houston ship channel will reopen. back to you. >> thank you. authorities in washington state holding a news conference, just in last hour, saying a mud slide north of seattle killed at least eight people. 108 people are on the missing list. rescue teams are still searching that area, hoping to find survivors. the mud slide destroyed some 30 homes saturday morning. at the same time, the east coast is bracing for a spring snowstorm. here's the weather channel's tom is inle. >> we'll see rapid intensification of the surface

low pressure system as it move as long the coast in the next couple of days. let me show you what i mean. system starts out tuesday, central pressure of 1006 millie bars. watch what happens northeast off of the coast of cape cod, down to 960 millie bars. it drops 46 millie bars in 24 hours from a meteorological point of view it coils up like a spring, tremendous energy. tracking far enough off the coast that most influence is felt in the coastal areas of new england. one i fln fluence is the wind. tuesday afternoon, tuesday night into wednesday morning, how winds increase along coastal new england, we'll zoom into the cape cod area. wind gusts in the tuesday night, wednesday morning time frame, exceed 50 miles an hour across the cape. that combined with snow prompted blizzard watches for the area. back a few miles back into the boston area, winds could gust up

to 35 miles an hour tuesday night, wednesday morning but snowfall will not be as much because of the track of the system. if we look at the snowfall, the heavier snow amounts confined to cape cod, 8 to 12 inches. 5 to 8 in down east maine. snow tapers off away from the coast. boston 3 to 5 inches. further to the south here in new york city, probably 1 to 2 inches of snow. the system is taking a track far enough off of the most come limit most impact to the coat coastal areas. >> get ready on nantucket. owner of the brooklyn nets, a russian and a close ally of putin, though he ran against him for president a year or so ago, making a big move. call the brooklyn nets the nets. >> tyler, the russia ukraine crimea saga will have a tangible

effect on basketball. he owns the nets and says he's planning on relocating the parent company of the franchise back to russia. according to someone familiar with the internal workings of the franchise, he's working on bringing assets back to russia, including the company that owns 80% of nets, and 45% of the barclay's center, the where they play in. the u.s. continues amidst travel, sanctions, businessmen affected by this. prokhorov is not affected. he's emphasizing his loyalty to russia and president putin by heeding calls to move assets back to moscow to combat or protest those sanctions. now remember, prokhorov ran unsuccessfully for the presidency in russia in 2012. we'll have more in the power

rundown. it's a big deal if you're an nba fan. >> sure is. fascinating story. sure to stir a lot of controversy as well. another big story today involves the bitter recruitment competition, the threats, and the counterthreats out in silicon valley. new e-mails uncovered, some the biggest names in the business. josh lipton live in san hoe for us. >> yeah, all started with apple and google entering into an alleged secret agreement promising not to poach each other's employees. now, there's a report the alleged tech wage conspiracy could expand to include microsoft, ebay, dell, ibm, and comcast, the parent of cnbc. this, according to pando daily. a lawsuit alleges some of the best known companies conspired to suppress compensation by agreeing not to solicit each other's employees between 2005 and 2009, in violation of federal and state antitrust laws. for example, when a recruiter

from google contacted an apple employee in 2007, steve jobs forwarded the message to eric schmidt, google's former ceo saying, i would be pleased if your recruiting department would stop doing this. google responded by firing the recruiter within the hour. now, one prominent silicon valley executive is disassociating herself from this controversy. cnbc has learned that facebook's sheryl sandberg filed a declaration with the court on friday of last week that pinned the scheme specifically on two google executives, sandburg says she was contacted by the google executives who, quote, expressed concern about what was described as perceived rate at which facebook could fire employees from google. sandberg refused to cooperate for a nonpoaching agreement. thursday, the legal fight between plaintiffs representing the tech workers affected by this alleged scheme and attorneys representing the companies heads to court. the tech companies say there was no conspiracy.

apple will point out between 2005 and 2009, its hiring of tech workers jumped 50%. wages also rose. so, clear agreements here. we think the jury selection will begin in may. back to you. >> thank you very much. did gm commit fraud by not disclosing key information about its troubled ignition switches? one of the members of congress may help make that decision is going to join us next. we'll talk to him about that, plus phil lebeau backtracking the fierce competition between german automakers in the south profiting from the made in the usa label. hi, phil. >> hi, sue. x marks the spot for bmw. on the assembly line here in spartanburg, south carolina, the first x-4 models rolling off the line and the plant primed to become the largest in the world for bmw. weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality.

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chipotle falling to session lows, down 4%, investors are taking money and running here with this stock's cmg. about 84% to the upside over the past year. also, keurig green mountain coffee roasters losing ground, down 4%. that stock has doubled over the past year. so again, a lot of the high-flying flames, sue, are taking a breather in the session. >> very, very tough day on the street today. there was a train derailment in chicago's o'hare airport, leaving more than 30 people

injured. the commuter train jumped a bumper at the end of the track and it moved up an escalator. emergency authorities say, none of the injuries are life threatening and basically a disaster avoided thanks to the timing of the crash. it occurred around 3:00 a.m. it's not clear how fast the train was going or what caused it to jump the track. train service to o'hare has been suspended. ty, up to you. actually i'm going to continue. we'll talk about autos. when it comes to luxury cars, big profits in made in america, and phil lebeau is at the bmw new plant in spartanburg, south carolina, with details on that. hi, phil. >> sue, expanding again down here, which has become a theme for bmw over the last six or seven years. why? they're starting to build the x-4. we've seen some of the first ones coming off the assembly line here today. the expansion of the plants coincides with greater demand around the world for the

x-lineup of suvs, x-4 crossover. models are in great demand. 70% of what happens bill here is shipped overseas. but look at the increase in production. going back to 2008. they've essentially doubled, more than doubled, production. build more than 350,000 this year. some say they wouldn't be surprised if we see them pushing over 400,000 in the next couple of years. and this could become the largest plant in the world for bmw. >> there's no doubt that, at some point, bmw in south carolina could be the largest location for bmw production anywhere in the world. >> think about that. now, why is all of this demand for the x-lineup, where is it coming from? china is the number one export location. then you have germany, central europe, followed by great britain and western europe. and of course, there is increasing demand here in the united states. >> our dealers and our customers are screaming for more x-5s, x-3s, and i'm sure they'll be

very fond of the new x-4. >> take a look at shares of bmw over last year, up more than 20%. nice move along with all of the automakers over the last year. up more than 4% this year. bottom line is this, when you look at this plant, as they continue to grow, they would not be surprised if at some point they could be building more than a a half million vehicles every year, that's how much demand there is nor luxury suvs and crossovers. >> phil, thank you. phil lebeau, reporting from south carolina for us. more questions raised now about gm's ignition problems and whether the automaker committed bankruptcy fraud by not revealing them. representative michael burgess vice chair of the oversight and investigations committee, he will be questioning gm ceo mary barra next week. welcome. good to have you with us. >> thanks for having me on. >> lots of directions in this inquiry that your committee and

others will be pursuing. >> right. >> i wonder how much you personally will be probing, whether gm committed fraud in its bankruptcy filing by failing to disclose what it knew, when it knew it, about this ignition problem, and the fact that fatal injuries had been sustained because of it. how interested are you in that particular angle? >> well, that's one of the points that certainly we'll be discussed a week from tomorrow, when we have that hearing. i will have to tell you, having been through this with the uncommanded accelerations in toyota that turned out to not be the case, and this all occurred in 2009, when many problems with gm were allegedly happening, having watched this process before, i'm actually very interested in what the national highway traffic safety administration has been doing with the data that they have been collecting over the past five or six years, because it

does seem to me, based upon what we learned during the toyota experience that nhtsa should have had the ability to do the lookback and say, hey, gm, you've got a problem here. now, i am also interested in why the recall occurred when it did. was that only because of a newspaper article or was this something that they were in the process of doing anyway, as we all know? there's a new chief executive officer at general motors, she has been very, as far as i understand, forthcoming with the committee, agreeing to make herself available for testimony, so that's a good thing. there's lots of questions to be answered by both the company and by the federal agency that's responsible for the oversight. >> what does your -- what does your gut, congressman, or your heart tell you about whether it's -- it's really cricket for a company like general motors, going through a bankruptcy filing, to quarantine prior

incidents like this one under the sort of legal dress of a bankruptcy filing when you knew all along that you were going to come back, as a viable, big company, and make some of the very same cars under the same marks that you've had prior to this. it it would strike a layman like me as kind of an unfair use of the bankruptcy code to inoculate yourself that way. >> it would but i'm not sure that's happened here. let me be straightforward. i'm not a bankruptcy attorney, and certainly i don't have any particular expertise in bankruptcy law. my understanding, my recollection of 2009 was, this was not a normal bankruptcy that general motors went through. in fact, some people were criticized for having said general motors would do well to

go through a prepackaged bankruptcy and get through that. instead we did have government bailout and government takeover. the government became the principal stockholder. if there's culp ability you have to wonder what culp ability the government had. i was not privy to the discussions. i was not the car czar. after all there was someone in that position, probably better questions to be directed there. >> we'll be watching next week with great interest. sue? >> it's time for the metals marks to close and the gold market is clowing now. we had factory output numbers from china that were disappointing. the copper market after hitting 3 1/2 year low last week continues a slight decline today. palladium up 230 on the session, a quarter 0 of a percent. gold having a rough session as traders aren't willing to step into the trade with the global tensions out there. down 24 bucks on the gold

market. nasdaq, biggest percentage loser, trading below 52-day moving average. let's go up town to sheila and get an update from her. >> talk about the biotechs when talking about the nasdaq sell-o sell-off. down 7% over the past two days. i do want to point out, we are session lows and analysts weighing in, we're not seeing a bubbled burst, maybe a pullback but not the bubble bursting. both jpmorgan and rbc saying fundamentals for the large cap names are looking good. also, do want to mention one other winner here, apple. seeing nice support from the stock. up on that news it may be exploring streaming tv talks with our parent, comcast. bullish note last week, people are underappreciating the itunes and the apps platform when it comes to apple and it's a very, very high margin business. that is one big name providing

some sort on a down day here at the nasdaq. >> thank you. facebook's mark zuckerberg said it famously. young people are smarter. does silicon valley have an ageism problem, as in anyone older than 35 isn't welcome? we'll talk about that on "power" in two minutes. customizable charts, powerful screening tools, and guaranteed one-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions

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welcome back to "power lunch" check out shares of a date company, high flyer hit today, down 11%. the provide or of software solutions has seen eight negative revisions in the past few weeks and its current calendar year, earnings consensus lower over the past 30 days. the stock's up 93% over the past year, still down 11% toward session lows today. still $8 billion company. >> sure is. here with me, post 9, on the floor of the nyse, bob pisani and ben willis. ben, how does the market feel to you today? we have more pressure in the nasdaq. but how does the tone feel to you on the floor today? >> feels like professional investors lightening up their leveraged positions. i'd be interested to see what the margin position read from the new york stock exchange on a weekly basis. interestingly enough, two of the better performing stocks are consumer discretionary, safe

haven if you will, proctor & gamble, kimberly-clark. this, to me, because of the lack of volume, but stocks being sold are an indication this is professional money lightening up their risk. >> anytime you see this, anytime you get concerns over valuations, higher interest rates, they'll sell the market leaders off. it's easy. that's where the profits are. >> right. >> some groups, bioteches, gold stocks we're seeing today, some of the semiconductors, up double digit gains. i did it for you. that's the groups up on the year, easiest to sell, where the profits are. rates and valuations affecting market leaders. secondly, china, poor data. we're not going to get 7% gdp in the first quarter in china. you can see the china internet stocks, momentum stocks of china, the sohus, look, we did this for you too, they're weak today. finally, the crimea's a factor. >> that's what i was going to

say. russia's still out there. germany, tough session. >> there you go. >> how important -- very quickly -- has russia been? >> i don't think it's near important immediately as china is. russia's going to take a long time to play out. i think the trade, the odd trade, is the goal. if you believe there's fear with russia, gold should be trader higher. there's not quite the fear. >> let's take a look at interest rates. bob mentioned higher interest rates. given the sell-off, you would think that we would see a flight into the bond market but we haven't seen it too much. the ten-year, yield, kind of stuck at 2.735%, on the 30-year out at 3.572%. so we're not seeing the flight into either gold or into the bond market in today's trading session. up to date on interest rates at this hour. thank you very much. over 30 and over the hill, silicon valley. what some 20-somethings are

resorting to because of tech's ageism problem. plus, the korean conflict. the fallout from a major deal if the defense sector. >> take a look. south korea has a new milt tie billion dollar jet order and getting next generation, who won out? let's say you pay your guy around 2 percent to manage your money. that's not much, you think except it's 2 percent every year. go to e*trade and find out how much our advice and guidance costs. spoiler alert. it's low. it's guidance on your terms not ours. e*trade. less for us, more for you. but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for addressing my health risks. but she's still gonna give me a heart attack. that's health in numbers. unitedhealthcare. hi, are we still on for tomorrow? tomorrow. quick look at the weather.

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big order from south korea for the f-35 fighter. there you can see the stock up a little bit at this hour. dominic chu on the story. >> south korea is getting that next generation fighter, it's wanted all along. picked south korea, their defense procurement agency said this deal for f-35s for 40 of the jets at a cost of around $6.8 billion. agreement was widely expected by industry watchers after south korea said late last year that the only planes up for purchase consideration were the ones with stealth technology, advanced ones. this deal makes south korea the tenth country to commit to buying this f-35 jet. the country had previously rejected a proposal by boeing, which offered its f-15 falcon

jets. south korea said it was planning to buy unmanned drone aircraft made by northrop grumman. the global hawk, these are the unmanned aerial vehicles or uavs, used to monitor north korea according to the arms procurement agency. the deals come at a time when america's biggest defense contractors looking towards international markets to make up for reduced federal defense spending. shares of northrop and lockheed 5% away from record highs in international sales growth, will be key for many large defense contractors. >> thank you. sue, let's check in with you. thank you, gentlemen. a story in the new republic that explores ageism in silicon valley a surge of plastic surgery keeping employees looking young. and they're young already and they're getting plastic surgery. the author takes this take on it, quote, in talking to dozens of people around silicon valley over the past eight months, i got the distinct sense it's better to be perceived as naive

and immature than to have voted in the 1980s, end quote. join me jon fortt at post 9 and the ladder's job expert, amanda augustine. welcome. that was your beat, still is your beat, but you were in silicon valley. to me, that was a depressing article. basically, if you've hit 30, you're not good for any of the tech companies. please tell me it's an exaggeration. >> i think it is an exaggeration. looking to pitch the next snapchat, yes, being over 40 will hurt you. looking for a job in enterprise, tech, certainly the very best at what you do, particularly in you're a coder with experience in mobile technology, it doesn't matter how old you are, they want you right now. so if you're into the consumer end, mobile, trying to be cutting-edge, it hurts to be older but lots of other areas where you'll be fine, particularly if you have connections with bcs and executives who know your skills. >> note to self, do not apply in

silicon valley. amanda, is it just silicon valley that tends to have a certain age bias or are you finding it in other industries as well? >> unfortunately, no. i think age discreme nation is real and prevalent in the entire country. you see it absolutely everywhere. the age changes when you're considered outdated. >> how does somebody keep themselves relevant? >> i think jon summed up, you have remain relevant. if you're up on the latest technologies, involved with your organizations or industry's trades and meet-up groups and networking groups and learning new skills, as long as you're learning, you're staying relevant, you're very attractive. >> jon, the plastic surgery aspect of things in this article, for those who haven't read it, it's an interesting read to say the least. but people who are in their 30s and sometimes even in their 20s,

get procedures done on a friday so that they look fresh, relaxed, younger on monday. i was so depressed reading this article. >> there's some of that but northern california, silicon valley people tell you, that's l.a. you get some of that in silicon valley but it's not as much of a part of the culture. maybe there's a little bit more of it coming online now. i think, as you get older, the pressure in silicon valley is to be more entrepreneurial. people are less willing to take a risk on you, you have more questions, they don't like answering necessarily al of those questions. they like them young and hungry. the idea if you've had early career success, keep your powder dry and later in your career, that's when you invest in yourself and start your own thing. >> you know, somebody said to me the other day, the word amanda, experience, should never be on your resume because experience equals old, which is -- it's such a shame because experience is what companies need. >> you know what?

i still tell job seekers today, you should be proud of the fact you have a great track record but also have to sell what you can still do. so, it might be great what you did 15 years ago, but also really emphasize how that's help you do brand-new things today. people want to know what you did in the last three years, three months, not 15 years ago. use it as he jumping off point for your pitch. >> thank you both. appreciate it very much. dom, up to you. >> tech stock name doing well in the down move, microsoft moving towards session highs. currently the stock is up close to a percent. microsoft bucking the overall tech and nasdaq downtrend with its move .8 to the upside. >> as you said, dom, it's a down day at nasdaq. and sort of down really for the whole market. but most notably, nasdaq as you see. the dow off a quarter of a percent. nasdaq, more than 1%, 1.43.

s&p down about 3/5 of a percent. pea people watching falling biotech stocks, down more than 3%. huh, fifteen minutes could save you fifteen percent or more on car insurance. everybody knows that. well, did you know pinocchio was a bad motivational speaker? i look around this room and i see nothing but untapped potential. you have potential. you have...oh boy. geico. fifteen minutes could save you fifteen percent or more on car insurance. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box.

♪ all on thinkorswim from td ameritrade. ♪ from td ameritrade. but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count,

headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron. let's talk about the market. dow jones industrial average has come back, bettered it el, down 37 points. keep in mind, it opened higher. s&p down ten. the nasdaq the biggest mover to the downside. let's talk more about this with ty and dominic and bob pisani. bob, you outlined it for us, but it feels orderly, the sell-off that we saw in the market earlier this morning. >> that's because you're not seeing wide swaths of the market selling off. we tend to highlight those part of the markets that are having the biggest problems, and they are today the market leaders, the big momentum names, biotech names, gold stocks, some of the tech names, semiconductor names that have been market leaders all year. >> that's an interesting chart

you put up there, bob, showing it was those that have had some of the big of the run-ups, dominic, so far this year, ones where people are taking profits nowing for whatever reason. >> and that's the interesting part about this right. >> talking about a mark where you are seeing pocket of under and outperformance. people are still out there with divergent views. it's not everything selling off or going up in tandem. >> next, what will housing look like in 25 years? we'll come back and tackle that one when we come back to "power lunch" in two minutes. peace of mind is important when you're running a successful business. so we provide it services you can rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind.

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cnbc turns 25 this year. but instead of looking backing we're looking at next 25 years. diana olick shows us what kind of homes will be built for the next generation of americans. >> with everything else, te technology is changing how we live and bill the homes. that technology will transform both redengs and social landscapes. we're already on the edge of a new frontier in housing. homes today are smarter. more sustainable, and often

smaller than they were even just a decade ago. what is the total square footage. >> about 150 square feet. >> reporter: simple and mobile. that's the draw of the new tiny home movement. is that your bathroom? >> yes. >> let's see the bathroom. >> reporter: especially among the younger millennials. >> growing up in larger houses, seeing that, didn't equate to greater happiness. >> reporter: happiness now comes in the form of smaller, simpler homes on wheels. >> small component of a larger piece of affordable and sustainable and creative housing in urban areas. >> reporter: sustainable homes that don't leave the environment worse than they found it. >> everything has to have longevity and last. >> reporter: that mantra on display at department of energy's latest solar decathlon in irvine, california, students envisioned homes in the future, homes that open on rails to bring the outside in, or use protective materials to keep dangerous weather out. >> these technologies are

evolving, they're evolving every year. the costs are coming down. >> reporter: from leonard to k.b. home, the biggest builders are building on the new technologies. >> this home actually is a net zero home, net zero in energy, actually produces more energy than it uses. >> reporter: when k.b. did its first net zero loem four years ago, the additional cost to the consumer was 88,000. today, it's down to 48,000. >> our goal is to continue to try new products, understand them, shrink the labor end, man hours that go into that. >> new materials and shrinking labor at forefront of the futuristic mode, 3-d printing and researchers doing that in the netherlands. president obama visited one of the laboratories just today. >> fascinating stuff. thank you. what point do the biotech

stocks look attractive again? that's next. let's see what happens coming up on "street signs." herbs hopping and jumping over herbalife. a case of carl icahn said what? also, what will the world of real estate look like in 25 years' time maybe not need realtors. three realtors will weigh in. you can probably guess what they're going to say. and the cult of youth in silicon valley. a botox boom in the valley. fascinating story. all of those are more coming up in minutes' time from now. "power lunch" back after this quick break. ♪

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amgen down better than 3%. biogen's off better than 10%. dow off 19. nasdaq taking it on the chin because of those biotechs. >> marks seem to be stable at a lower level than will do it for this edition of "power lunch" >> here comes "street signs" right now. welcome to "street signs," everybody. it is 2:00 p.m. on wall street, 11:00 a.m. on the west coast. the nasdaq having its worst day in two months. >> stocks which led the tech rally like netflix, tesla, priceline getting whacked. high flyers getting grounded. nasdaq, sheila dharmarajan. >> guys, the good news we are seeing a little bit of buying happening. bouncing off session lows. nonetheless, the nasdaq still getting hit very hard today. down nearly 1.5%. more than