about that. [closing bell ringing] >> is great move for jcpenney. that tax on last week when they were up 27%. david: we'll talk about jcpenney. why is it popping? liz: as bells ring on wall street it has been a very tough session but we're clearly 100 points off the lows of the session for the dow. that's right, the low was down 250 for the s&p. at one point we were down 25. a little it about confidence coming back into a thinly-traded market with the overhang of serious news out of the southern region of ukraine. that is called crimma. as soon as we get more details what is happening there we'll bring them to you. for now a tough days notice markets. david: you had a guest in the last hour, liz, when you think about what is happening and how far this thing could spread amazing how calm the market has been. still a down day, no way to get around it. we'll get to the market news. first off the front page headlines. the crisis in ukraine does

appear to be worsening. in the last few minutes as liz mentioned armed men seized a ukrainian border check point at a ferry crossing between crimea and russia. three truckloads of armed men have crossed by ferry to the other side. liz: both general motors and ford reporting declines but their numbers were better than expected. chrysler sales increased by 11%. david: with all the bad news there was some good news. u.s. factory activity rebounded from 8-month low. institute of supply management said institute of index rose 02.3% -- 53.2%. >> con many commerce department said consumer spending increase. why is that important? consumer spending accounts for more than 2/3 of u.s. economic activity. david: in a separate report the commerce department says u.s. construction spending unexpectedly rose in january, gain .1%, an increase in

private private construction projects offsetting a drop in public spending. liz: citigroup's stock partly lower because of the crisis in ukraine. we're seeing reporting on the back of what charlie gasparino says potential sanction of recent russian assets. citi received a s&p from the attorney general's who was in massachusetts after finding allegedly fraudulent building in the mexico unit. "after the bell" has a lot today. we're starting right now. david: time to break down all of today's market action. we have pete lang, lang capital management president will tell you why you should be looking to invest, get this, in cash. lincoln ellis in new york, green square capital managing director. he will tell us why he thinks emerging markets will provide investors with significant opportunities. alan knuckman joins us from the

pits of the cme. alan in the run through we began at top. hour. we didn't talk about commodities. of course oil is really popping s there any indication that the oil jump is perhaps an overstatement on the crisis? >> i don't think so. there is a lot of issues with the geography of what is happening here. more impactful on natural gas but anytime there is any geopolitical concerns oil has a bounce. part of it on friday the dollar index went below 80 for the first time in a long time. that adds support to gold and oil, from a dollar standpoint. you're seeing a little bit of deeayed reaction. that accelerates trends on upside and commodities beaten down for a long time obviously. >> pete, i'm wondering if your call going more heavily weighted cash is a little latest specially in the wake of what is happening of course in eastern europe. what i find interesting is, let me clarify, you're in about 5% cash right now but you want to go to 75% cash?

>> well, liz, that is just a possibility. again we remain about 95% invested in market. but we're looking, we're not trying to predict the future. we're trying to use trend analysis in order to move to cash in the future. i see a lot of volatility and it appears to me that the fed is going to have to get off of this quantitative easing program. liz: okay. >> and when it does it could spell bad news for the markets. liz: so over time, we don't want to mislead viewer investors because it saas you're recommending 75% in cash, not right now but over what, a span of next eight months? >> i think you have to define yourself discipline, liz. so the thought is this, when am i moving parts of my portfolios to cash, commodities or other type investments? again, you've got to have an objective standard in order for that to occur. so both in our bond and our equity positions right now we have an objective path to cash.

that is, we know following a trend analysis, it is x, or y occurs we'll move our positions to cash. david: lincoln, one thing we know emerging markets have already been beat up this year and you look what is happening, the political risk factor in any investment, in any country investment has increased as a result of what's happened in ukraine. i'm thinking, however, that those who don't panic, when there's a crisis, think how to spend their cash may be thinking, boy now is the time for great opportunities or beginning to set up cash for opportunities in emerging markets. what do you think? >> i think that is right. first rothschild and buffett, knowinn when there is blood in the streets it is interesting time to consider, emphasize the point to consider actually looking at these markets for purchases. and so what we, what we anticipated into the year we see more volatility in the markets. we were at historical lows across all asset classes.

unsurprised given geopoliticcl calm last 24 months, we would see something post the olympic that is would begin to unfold. that was going to be in southeast asia over the islands or something in the crimea, we know which that one turned out but there are significant opportunities when you get price dislocations like the ones we're sayings. >> you're not suggesting investing in russia or ukraine bonds or anything like that, the spillover may be overwrought? >> yes. you see it all parts of emerging markets, latin america, with the venezuela situation and in again in asia and now in the middle east, post-syria and crimea peninsula. poland, great example, down five or 6%. somebody seems to be worried the next annexcation is a country to the west. liz: this is developing story. i hear you, alan.

we're not sure about what is going on but we are sure of one thing, the russian ruble dropped the most it ever dropped. it dropped to the lowest level in history. eurobonds, corn was up. things like wheat, because ukraine is very big exporter of those things. oil market started jumping too. you tell me what was most dramatic to you in the pits of the cme today? >> i think it was the calm. we're essentially above where the stock market opened cashwise and we had a selloff during the course of the day. i saw some great bullish divergence, meaning the bond market was not as concerned about this as the price was. we went down and made lows in the s&p. bond market didn't make new highs. didn't get close to today's heiss. you people are making a lot of assumptions hire. roesch russia defaulted, due faulted in 1998. that did not bring world markets to a crash. everybody has to put in perspective we made new all-time highs on friday. market is looking to excuse to

take profits. that is what probably is. do not extrapolate into this greater greater concern. you want to see where we are by end of the week. 1850 in the s&p is crucial weekly pivot. the vix is not at the point of low of 2150. let's not get ahead of ourselves. david: i understand but at the same time we have to remember, pete, that in the in the russian full we didn't have possibility much russia returning to the soviet union. they weren't about to invade their neighbors as they are doing now. this sin vision. let's not try to candy coat it anyway. >> it happened in 1800's. david: hold on a second, lincoln. this is invasion as part of ukraine, there is suggestion, very clear one they will go into eastern ukraine. after that who knows where. there are geopolitical extrapolations from what happened so far could in fact worldwide investment,s, no, pete? >> dave, we've got a lost

volatility in commodities. great reason just overall to be leaving the energy sector right now, even domestically. be very careful in commodities. watch out for energy sector. there are great sectors we have right now. reinvest into health care, financials. i love technology, those are combat safer havens. liz: we get to lincoln. it was alan trying to interrupt. lincoln is polite. you have a lot to say, lincoln. clearly people don't think this is a black swan event. do you? >> this is not a black swan even. alan's initial analysis of the technical aspects of the market. bullish divergence particularly in the bonds we all know where the smart money is. it told us calm was the underlying factor that penetrated this market today and kind of selling we saw both in russian etfs and poland as i

mentioned earlier is initial knee-jerk reaction to some assets, flooding, removing themselves from immediate harm's way but the larger picture is much more pullish. we continue to see -- bullish. we see ism numbers regaining a little bit of strength. spending regaining a little bit of strength. wages even up .3 out of the ism and as we move later on in the week to see how we're doing in the jobs numbers that is where markets will begin to respond f we get more wage gains out of bls numbers and slightly better on weather hindered numbers out of the u.s. employment sector, the issues that are going on in europe will begin to fade a little bit and people will begin to put them in perspective that this is geopolitical and, sort of ring fenced for the moment. david: okay. alan knuckman, let's let's go td for a second here. that we saw a $30 jump. that is not unexpected when there is a geopolitical crisis

but is that perhaps overbought now? do you see gold reaching a point where maybe it is time to think about selling? >> i have always been a fan of the distressed assets. gold was a distressed assets. we talked about many weeks ago. with a double-bottom. 1400 is the target. gold traded between 1600 and 1200. i think there is more upside in that market and i think a lot of people left it alone so to that to me is positive. my wildcard is the dollar index continues to push lower that support as lot of these commodity assets. i agree about the ring fence analogy. right now, that is the situation we're in. the market being down, less than 1%, you know, is not catastrophic considering what's happening. you have to follow what the markets are giving us. not be emotional about what we think could happen in the future. i trust what the markets tell us. david: they are being cool right now, no doubt, when you think of what could have happened today. a lot of people suggesting would have happened.

it didn't happen. >> right. david: this is a down day, no doubt about it but it is much better than it could have been. liz: our thanks to pete, lincoln and alan knuckman. we'll check back with alan in just a minute when the s&p futures close. david: ukraine's prime minister says his country, is quote, on the brinks of disaster and is asking for a $15 billion rescue from the imf. now what does that crisis mean for ukraine's economy and will business activity throughout the old soviet union begin to dry up? we're talking to two investment gurus who have been working in the ukrainian region, one of whom is there right now. you don't want to miss this interview coming right up. liz: fears of supply disruptions sending some commodities like the ones on your screen particularly in wheat and corn. those corrections there, is that going to be a bump going forward? if you jump in now will you be too late? what is the impact here on your wallet? you won't believe how high analysts think gasoline prices could go. david: tell us what you think is

going on in the world? will you rebalance your own portfolio based on what is happening in ukraine. tweet us @fbnatb. your answers coming up. ♪ ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... ofleast 50 billion... are up othe day. 12 low-volume stocks... breaking to 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade.

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tthey're about 10 times softer and may have surface pores where bacteria can multiply. polident kls 99.99% of odor causing bacteria and helps dissolve stains. that's why i recommend polident. [ male announcer ] cleaner, fresher, brighter every day. we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. david: rising tension between russia and ukraine is hurting a pair of russian companies listed here in the u.s. liz: let's head back to nicole

petallides on floor of new york stock exchange on that. nicole. >> we had big moves, liz and dave, here on wall street in light of what we've been seeing over in russia and when i talk about telecom stocks or search engines, these two stocks may not be ones you're thinking of regularly. they have all relation to russia and had big moves today. when we talk about vimpel communications, vit, is the ticker symbol, that was down about 5% today on the move, on heels of tensions that we've been seeing there. how about another one? biggest search engine there in russia. yandex. it is to the downside to the tune of about 14%. we're seeing washington now looking into this very closely. they threaten to isolate the russian economy overall. we've seen everybody flying to the safe haven of gold which was up about 30 bucks today. we've seen gold stocks moving to the upside. there has been a lot going on wall street. all on heels of what we're seeing in the ukraine as tensions continue to build. obviously it is not done yet.

uncertainty remains. that is why we saw markets move the way they did. we'll see what happens tomorrow, liz and dave. this is what some would say an oversold market. david: thanks, nicole. >> it is important to do what nicole advised. remain calm and look at numbers, david. see how the futures numbers are looking. bring back alan knuckman and sandra smith. because commodities gyrated so much. alan, begin with you. how do futures look? >> futures closed we, considering, we were much lower obviously in the overnight market as we came in with the gap lower from what happened sunday night. we're down 14 on the day in s&p and much closer to the highs than the lows. i have to view that as positive, throughout the day calm heads remained. i can evenly state ahead we went seven 1/2% straight up in s&p in less than a month. i would view this as profit making. fundamentals haven't changed. in the markets.e bit of emotion you think what it truly does

mean. if capital leaves russia i have it has to go somewhere. i think it comes to the u.s. market. david: sandy, what do you think? >> oil rallied on a five-mon high based on fear of a possible supply disruption. not fear of a probable supply disruption. there is arguably a lot of folks saying that oil prices could top out here. a lot of people are talking about the fact that $105 a barrel, we actually topped that point at one point today, is not warranted by what we've seen so far without an actual supply disruption, oil prices may be getting lofty at these levels. >> well, that's the thing but i also don't want to ignore the soft commodities, sandra. and alan, you can weigh in on this as well. looking at what corn and wheat did, do you expect o hit tomorrow limit up? is i guess depend on what is happening with the news flow? >> i want to jump in there because i'm looking at the corn and wheat markets and i've been on the phone past few minutes talking to folks about the

severity of prices in grain prices because, liz, this means higher food prices globally and has implications for economies across the world. ukraine is the third largest corn exporter. the fifth largest wheat exporter. no actual supply disruptions there. alan, maybe you an weigh in on this. i hear farmers in the ukraine, holding on to their harvest and corn and wheat supplies as currency. they're afraid of the currency spiraling. so they're holding on to it as a hedge. that is continuing to push up prices and causing actual supply disruptions. david: alan, go ahead, and interesting news. >> that is very good reporting, sandra. but from a technical standpoint the wheat market is slow ground lower. corn prices half of what they were record highs couple years ago from the drought in america. you're seeing a bounce, how much follow through we get here is obviously a wildcard and i think in america we're starting to focus on the spring plant and we have more snow than we've ever

seen in the midwest. that may mean a late plant. supply disruptions over there, problems here could lead to firmness in grain markets long forgotten about and pushed lower and lower. david: more inflation we will see the fed begin to pull back, maybe perhaps even taper at a more rapid rate. of course, that could have an effect on markets as well. so everything is connected. alan knuckman, sandy smith, thank you both. appreciate it. >> thank you. david: as russia tightens its iron grip on crimea how close are russian and ukrainian forces to actual armed conflict? and what is at stake for global investors? we speak with two corporate advisors. one of them is in ukraine right now. we'll talk to him live. the other just returning from kiev. washington, d.c. facing a very different crisis. liz: as it gets hammered by yet another snowstorm. how much is this slowing government and businesses and how much is this all costing? we go to the nation's capitol to find out.

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liz: time for a quick speed read with some headlines, five stories one minute. apple will bring the mobile operating system into vehicles. this links the iphone to the dashboard of your car allowing you to access programs like maps and music and messages. fedex will increase freight shipping rates by about 3.9% at the end of march. the company already raised express shipping rates. that happened earlier this year. after a prolonged bidding war, men's warehouse announced it received a draft merger agreement from fellow men's retailer joseph a. bank. the companies entered into a non-disclosure pact to exchange confidential information. 195 million tablets were sold across the world last year and android beats out competitor

apple to capture 62% of the global tablet market share. apple took 36%. at last night's oscar host ellen degeneres took a star-studded selfie that broke a twitter record for most retreats with more than two million shares. the picture disrupted twitter service for more than 20 minutes. [buzzer] took the picture with a samsung phone and retweeted it with apple. david: a new report out calculates all the winter storms we've had this winter likely will cost travelers, passengers, airlines and airports nearly $6 billion. >> and another winter storm today, shut down the federal government in washington, also grounding thousands of flights, leaving travelers tranned nationwide. we put rich edson on the case inside the beltway. rich. >> it was coming down pretty bad earlier today. it stopped. when you look at all the snow totals, we didn't get that all

the totals, it was windy enough where it created so many problems at national airport across from the potomac river here in d.c., the they had a it tough time cleaning up runways. flights were canceled up and down. until about an hour ago they're just reopening there. if you look nationwide, 10,000 flights have either been delayed or canceled, mostly because of problems we're getting here in the mid-atlantic, philadelphia as well. david, liz, you talkedbout the statistics for a group called mass plight. they look specific at storms last few weeks what they cost airlines and passengers. passengers some $5.3 billion in lost productivity and costs to them because of all the flight cancellations and delays. on top of that half billiondollars to the u.s. airlines. that doesn't even include the storm we've had just right now. look at major airline stocks, they like everybody else in u.s. markets are down for the day but those costs really, really

starting to eat into the economy here as we continue to get hit by these winter storms. guys, the roads, they don't have all that much snow on them. they are wet. less than 20 degrees right now and going down single digits overnight. that's right, ice for tomorrow. back to you. david: oh, boy. it is cold and icy the folks in stockholm are saying how could that close a airport. they have a foot of snow and keep airports open. liz: cleveland. they're used to all that. david: or denver. when we come back we go live to ukraine to speak to an investor who is there to find out whether he will pack up and go home or stick it out despite growing tensions with russia. liz: struggling retailer jcpenney getting a very bullish call from one gutsy investor who was here last week saying switch out from happel to -- apple to black berry. he is predicting rally, we're not going to tell you but the percentage is huge. what is behind the bullish stance on jcpenney? he is breaking it down.

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some brokerage firmsreld but way too many aren't. why? because selling thfunds makes them more money. which makes you wonder. i't at a conflict? search "proprietary mutual funds". yikes!! then go to e*trade. we've got over 8,000 mutual funds and not one of them has our namen it. we've got over we're in the business of finding the right investments for u. e*trade. less for us, more foyou. the fund's prospectus contains its investment objectives, risks, chaesexpenses and other impoportt information and shou be re and considered carefully befo investing. for a current prospectus visit www.etrade.com/mutualfunds. david: for the very latest now on ukraine we have two investors and analysts right on the ground. ron slip, td international managing partner. he actually returned from ukraine on friday. and thomas fraughter, managing director of husser and company who joins us on the phone from ukraine. thomas, i want to go to you first. who is in charge in ukraine right now? >> well, you have a newly appointed government, if you

look what is going on in kiev and acting prime minister who is now in charge, if you will, running the government, is calling the shots at least from a standpoint of the rada. david: you're in kiev now. any signs of russians there or so far they are keeping their distance? >> they're keeping their distance. they're right now isolated to crimea. david: are the people afraid though that the russians are coming? >> i think there is certainly that fear. it's strange. because i came, i left the region on friday. i was in central asia. came back to new york. the news hit and i literally hopped on a plane yesterday to arrive back here this afternoon. seemed to me that it was, strangely enough, a little bit of business as usual. i thought i would see more, more military, more police. people are going about their business knowing there is risk.

and it is on their mind certainly and people are remaining hopeful but doing the best they can. david: that section extrordinary, i had thought, i suppose a lot people had thought business would be at a stand still but no way? >> i think people have to cope with the challenges with their, with their they have been dealt and it's, it's very difficult time certainly for the country. and the country is being literally pulled apart with the recent action of russia. but, no, it's, i think people are trying to do the best they can. david: now, ron, one of the things that must be so frustrating to you, business, particularly foreign investment had been growing so well and business in ukraine had been so well, this must be quite discouraging you? you were part of the growth of business in ukraine? >> that's right. we've been in the ukraine since 2006 working primarily in oil and gas and it has been a challenge the whole time. this is particularly troubling but, your observation is correct, from the oil and gas

standpoint there have been dramatic increasee in private and domestic production while still limited in terms of size for the overall economy. it has been a time of quite some growth and new opportunities for investors going in up to this crisis. david: most of that, correct me if i'm wrong, most of the development, particularly in the gas fields is in the east, precisely the area that the russians are thinking of heading or the suspicion is where they're going? >> that's correct. there are fields in both the east and the west as evidenced by recent license psas were grantedded to shell and chevron, for example, to develop shale gas but, yes, for private companies, 345 majority of gas finds will be in the east. that is closest to where heavy industry is. david: were you dealing with russians speaking ukrainians dealing in the east with their oil and gas fields? >> absolutely, absolutely.

the truth is, the majority of people speak russian naturally outside of the western part. they will switch back and forth to ukrainian in the central and western region but russian is the linga of ukraine. david: are you worried about this spreading? obviously one thing to go into crimea, as much of a crime that is if they spread into the east of ukraine and go further west, that would be awful. could you suspect that is what is going to happen? >> this is really the question right now and why it is so important that the e.u. and u.s. get there on the ground and work with the new and very fragile coalition government. the -- david: let me just stop you there, ron. >> sure. david: do you hhve any faith, you know how feckless the europeans are in dealing with russia so far. we haven't, i don't see any sign of that happening, do you? >> i can say that i'm seen more

action recently since the crisis started. the, having dealt with european union for decades now, i share your overall point of view but i'll say that they have become more engaged. u.k. secretary hague has been on the ground there speaking with leaders from all parties, from all the various parts of political society there, attempting to get a group of unity government, if you will together, to deal with the crisis. really right now the question is, what happens in the east. that is where the focus needs to be and we need to stablize the situation there first and foremost, deal with russia and the crime crime second. david: thomas, i'm sure you heard beyond economic sanctions, what some people want to do, gary kasparov was on fbn earlier today, we should freeze assets of cronies of mr. putin here in the west, particularly in the united states but perhaps also in europe. if that happens do you think there would be realtation from

russia or would that be the best way to stop putin in its tracks? >> that is a very difficult question. probably it's a good start. i don't know if there will be direct retall aches. i think that putin is probably feeling fairly isolated and will continue to feel more isolated going forward if he continues down this path. it is certainly a very volatile situation. the situation that, quite candidly putin and this government has created. and, you know we need to work very, very hard here. i know that secretary of state kerry is landing tomorrow in kiev to try to talk to the local population and some of the leaders about how to avert a potential crisis here. so i agree. i think more things are being done. but there's a lot more that can be done. david: ron, in terms of investment in that part of the world, there have been great opportunities there, no doubt, particularly in oil and gas. if we begin having economic freezes of accounts and assets, that could stop business

investment there, couldn't it? >> it could stop some of it. obviously the political risk factor will weigh into people's investment decisions. that is a significant issue. at end of the day in the gas sector, in any event, production costs are $4.50s equivalent in the u.s. you tell back to industrial consumers $12 equivalent in there remains quite the arbitrage in gas and at the end of the day ukraine is one of the largest consumers of gas on a per capita basis, largely pause of heavy industry that is highly inefficient but good business in any event, all right. let's hope the opportunities remain. thank you, gentlemen. appreciate night thank you very much. david: safe travels to you, thomas. appreciate it. liz: david, we could be on the brink of a major rebound for one of these three big retailing names. is it jcpenney, is it macy's, is it best buy? up next we find out which stock it is and how much it could

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liz: markets looked absolutely pathetic today but one of the

few stocks looking anything but pathetic, jcpenney of all names. in fact, jcpenney behaving exactly as our next guest predicted it would as the market opened today. how did he get it right and where does the stock go from here? you may be surprised to hear what he says. eagle bay capital founder and president. from here, you had a great day but we've seen this before with jcpenney. what happens now. >> it moves. we have a mon store short interest. more than half the float is short. in order to unwinded the position, if you're a short seller the only way to close out the trade is buy it back. half of the entire float is short you have a lot of potential buyers in there an we're seeing that over last week or so. liz: you are bullish on jcpenney but how much more does it move to the upside? >> i think we have it at least 30%. we'll reevaluate it that point. that is the highs in the fourth quarter. that you're looking at 10.25, something like that, or 10: 30.

we'll look at reevaluate the situation. how did we get there? does it go higher? and we'll make a decision at that point. liz: what i find fascinating how you do your picks, you don't get emotionally involved at all. you're a technical analyst all the way. you don't sit there and walk into stores and take pictures or see you're treated well or like the merchandise, you don't care, right? >> i sit on the bench and watch what everybody else is doing and make decisions on behavior of everybody in the maul. liz: what is the number showing you lately, behavior of this stock, because from this three-year chart running fast from jcpenney. >> you and everybody else because why half the float is short. no secret we know that jcpenney is in trouble. we know that. that is why there are some shorts. so what happens? we made new lows going into end of the year. what happens? we see that unwind and quick reversal up over the lows. the shorts have to cover. they're getting squeezed. they have to buy it back. that creates a lot of owe momentum. jcpenney doesn't have anything to do with overall market.

they don't care about ukraine. markets are down across the globe. jcpenney is up today. it is beautiful. liz: you say it is just a trade. don't get emotional. there are sill serious issues with this company. cash burn rate. the amount of liquidity left on its books. doesn't that make you nervous? >> we're here talking about it, liz. it is not a secret. it is already price into the stock. there is reason why the stock is down 96% or whatever it is from the highs. we know it is. time to position yourself in jcpenney problem. a risk management standpoint we want to look at last week's low. we have a 50 day moving average. we have gap higher. >> here it is relative to the s&p spdr. >> we start breaking back below those lows. last week's gap up low we know we're wrong. from a risk management standpoint we have our out. we know that we'll be wrong if we're wrong and we have target. we'll defined risk and price target that is all we need. liz: jc, you're talking about how the trade rotation

completely shifted between apple versus blackberry. >> yeah. liz: used to be everybody wanted apple nobody wanted blackberry. you said go into blackberry particularly technical reasons. what you see out there, the float, shorts all of that blackberry also a winner up 3%. >> all right. liz: teach people how to do what you do? >> a lot of years and lot of experience and kind of watching markets every single day. liz: typical newscaster, do it in 38 seconds..3 >> yeah. in reality when you see so much short interest and name like jcpenney, liz, we know it's a disaster. we know blackberry is a disaster. it is already priced into the stock. if you get an opportunity where you get the short squeeze, you start getting that unwind we're getting in blackberry and getting in jcpenney, by the way the blackberry situation that bottomed a while ago. that is nothing new. blackberry already doubled. jcpenney this is something new. this is story with a long way to go. liz: he doesn't get involved in

the easings of it. he simply looks at numbers and technicals. the great to have you. >> thanks for having me. liz: david, over to you. david: got to love, jc. for's annual list of richest people is out and another record-breaking year for billionaires. we'll tell you who is the notable newcomers and dropoffs. that is coming next. may looks like an old hearing aid but a new wearable device could allow users to scroll through pictures or get to a program with the wink of an eye. we'll tell you how exactly coming up. ♪ i ys say be thman with the plan

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liz: "forbes" released annual list of the wealthiest people around the globe and this season they identify billionaires with accumulated net worth of $6.4 trillion. who are the richest men and women in the world, david? david: here to talk about winners and losers and latest trends on the list, lisa kroll, "forbes" wealth editor. took this more than a decade, louise. you've been doing it a long time. >> you've been at fox a long time. david: we've had a huge jump in the dollar amount that these people have, about a trillion dollar jump. that must be because of the rise

in the market cap over 2013, right? >> most definitely. the markets around the world obviously, there were exceptions but around the world, especially in places like the u.s., the strong equity markets helped push a lot of people into the ranks. liz: let's get right to what people are actually making. so 6.4 trillion cum, let's get to the list. americans are on this list and carlos slim, mexican millionaire but he moved a slot. >> bill gates reclaimed the top spot in the world after a four-year hiatus, when the interesting thing, that the top 20 was pretty stagnant. google's sergey brin climb into the top 20 but the minimum to make that cut was 31 billion, up from 23 billion there, was very little chance that people could climb that high. david: what i love is the economic mobility in thiss3

country and most free market economies and how many people actually lost their place? for all the winners there were a lot of losers right? >> there were 100 losers overall. they were mostly in places like turkey, indonesia where currencies as well as stock markets weren't doing as well. the ukraine was already down before all that is happening in the past couple of weeks. but, you know, overall, the winners outnumbered the losers by vast margins. liz: u.s. tops the list with more than 400, close to 500 but russia is not far behind with 111 billionaire. >> actually china is in there at 152. that is just main land. yes, russia is holding on strong at number three. you know it is interesting there, you've seen kind of volatility. it is more than there were last year. but you definitely saw a bunch of dropoffs. and again i'm sure in the weeks to come if the markets continue

the way they have been going you might see shifting among those russians. david: right. you wonder how many 111 billionaire in russia are close personal friends of vladmir putin as well. >> isn't that the truth. it is. david: leads me to ask, how many of these billionaires are self-made people or as opposed to -- do you differentiate between cronyism of putin and people that just inherited their wealth? >> well, that's a great question. 2/3 are self-made but we do count the russian billionaires as self-made. we haven't come up with a category for it young, entrepreneurs who kind of stole the money during privatization era. so, until we do they're still considered self-made even though they certainly got some help from their positions and their relations with people like putin. liz: it is an aspirational magazine that you should all run out to get. thank you so much. david: thanks, louise. liz: fascinating to see how these people got their wealth. david: talking to the host of

for example on fox. you don't have to tell me on it. -- "forbes on fox." if you rebalance your portfolio based on what is happening in ukraine? wayne on facebook wrote in to say i think caution is in order, commodities, liz was talking about that, that looked great but let's see if ukraine get as crop in the spring. liz: chris on twitter told us, yes i think it is timeeto rebalance. i will add precious metals. gold jumped more than $30 one day. david: let's go "off the desk." did you ever wish your computer could reed your mind? japanese engineers are testing a tiny personal computer worn on the ear and can be controlled, get this, by the blink of an eye or click of the tongue. the device it is a real device, ear-clip type wearable pc. it uses infrared sensors that monitor tiny movements inside of your ear. the system is equipped with a pulse monitor, gps, barometer and microphone and a whole lot

more. the developers hope the device will be ready by christmas next year. liz: remember the walkman? it was so simple. david: where it started. liz: as crisis between russia and ukraine intensifies world leaders are watching very closely what happens and they are weighing in on the potential solutions. israel of course is a key u.s. ally. today israeli prime minister benjamin netanyahu met with president obama at the white house and they were meeting today, the prime minister, heads to silicon valley tomorrow to sign a strategic partnership with governor jerry brown and the state of california! it is about innovation. i will be there as well. don't miss my first on fox interview with prime minister benjamin netanyahu live this wednesday and today as they met, of course, david, he and the president no doubt spoke what is going on in ukraine. israelis never count them out when it comes to being an important chess piece on the board of diplomacy. we'll talk of course to mr. netanyahu about that but also about the fact that, you go to israel, you see yahoo!,

intel, applied materials, google's there they're all there and so this innovation partnership that he is going to be striking with the state of california be crucial. david: also the best spies in the world come from israel. number one thing to watch for in ukraine. today global markets sank on fear what is could happen as russian troops consolidate the hold on crimea. we'll bring you the very latest from the region and how it could affect your money here on fox business. liz: so much happening. you've got to stay with us. "the willis report" is next. david: we'll see you tomorrow.

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gerri: hello, everybody. i'm gerri willis, right now on "the willis report". market's fall is uncertainty and in ukraine rises but should you be selling? also why are we paying for our credit scores? the push is on to make them truly free. when is it okay to hold your thumb while driving? a judge decides and we examine the case. we're watching out for you on "the willis report." gerri: we begin tonight with the escalating crisis in the ukraine and the impact it's having here at home.