this year, they're still up 6% as a group, that's not too shabby, now leading the way higher are alexionaceuticals. regeneron is up 20 mkt. now, valuations are a concern here, all of these stocks have nearly doubled in value over the course of the past 12 months, alexion, a plain and simple, investors may be taking some profits. mandy? >> dom, thank you very much. >>> a little bit of background there. whether or not we should be concerned about this, what do you think, carter? >> mandy, some of the actions, here is the set-up, of course, we know how well biotech has performed relative to the s&p. it's five fold increase over the last ten years. with that setup, here's the biotech index. it keeps going over and over bouncing off its well-defined trend line. the leading four stocks in the group, celgene has bounced and bounced. now it's starting to falter. which is to say it's broken below its trend line. that's how trouble starts. one starts, then the next. here's celgene versus the biotech index. you're seeing this as a divergence between celgene and its own group. we have the break in t

now leading the way higher are alexion pharmaceuticals. they're up 30% in 2014. regeneron is up 20%. biogen up around that same amount. now, valuations are a concern here, all of these stocks have nearly doubled in value over the course of the past 12 months, alexoin trades at 138 times earnings. plain and simple, investors may be taking some profits. that's why you may be seeing weakness this time around. mandy? >> dom, thank you very much. >>> a little bit of background there. now we need to know whether or not we should be concerned about this, what do you think, carter? >> mandy, some of the actions, is concerning. let's try to figure it out today. here is the set-up, of course, we know how well biotech has performed relative to the s&p. it's five fold increase over the last ten years. with that setup, here's the biotech index. the s&p the official. and what we know is it keeps over and over and over bounces off its well-defined trend line of the past year. but now take a look at one of the leading four stocks in the group. celgene has bounced and bounced. no

[closing bell ringing] names like alexion and amgen. david: bells are ringing on wall street.at the beginning of the day. liz, going, ain't they cute, all the girl scots. we've been attacked by those people all over the place. you can't go to a parking lot without girl scouts trying to get you to buy their cookies. a lot of people ended up buying stocks. speaking of buying. started out with the bad news coming from china. looked like the markets, in fact for a while the dow was in triple-digit loss territory. it regained a lot of that going into the closing bell. they're down but not out by any means, liz. liz: time for your front page headlines. mcdonald's, the world's largest restaurant chain and in many of your portfolios reported a bigger than expected drop in local comparable sales last month. it was .3 of a%. low business in the u.s. due to weather we say. david: we talked about this unexpectedly weak economicat

the world we're in one hundred thirty countries where always involved it seems in somebody else's alexion and we preach democracy we finally got democracy theoretically you know in egypt there was an election and of course we didn't like the person they elected so we said let's go back to the military so i don't like hypocrisy and for us to preach one thing at the same time behind the scenes we're doing things to stir up trouble for many many different reasons the simplistic view that russia is the sold aggressor in ukraine has been trumpeted by some western media that schooling it's a crime and an invasion has few tensions that but there's strong would stay with the realities and explains. aggression is the word that you often hear in the u.s. media and from u.s. officials with regard to russia's presence in ukraine what they fail to show is the aggression. it's very difficult to talk about aggression when you show thousands of people cheering for russia in different parts of ukraine right maybe that's why you don't see this kind of footage on us t.v. very often but if you do see this co

around the world where one hundred thirty countries were always involved it seems in somebody else's alexion we're doing things to stir up trouble for many many different reasons. so the u.s. of course learned about invasions and interventions the hard way and what we're seeing now that a lot of nationalist and radical elements have come into power in kiev do you think that do you see america's moves regarding ukraine are about supporting democracy. yes of course this is being framed as usual in terms of we need to bring freedom and democracy to the ukrainian people and this line is getting very tired of course because the world has realized quite quite rapidly that the u.s. is no longer an honest broker and you can only look at what happened in syria to sort of back back up that statement but this this is a problem if there's an international diplomatic crisis washington is doing nothing to die fuse the escalation of this crisis but they're doing everything to egg it on and i think the main beneficiaries here are corporate interests whenever you hear a u.s. politicians speaking now they're

the world we're in one hundred thirty countries where always involved it seems in somebody else's alexion and we preach democracy we finally got democracy theoretically you know in egypt there was an election and of course we didn't like the person they elected so we said let's go back to the military so i don't i don't lie hypocrisy and for us to preach one thing at the same time behind the scenes we're doing things to stir up trouble for many many different reasons and i many of the accusations in russia's address presume that moscow has sent troops to crimea with the parliament's blessing but that blessing was only a hypothetical green light for the president to deploy forces if only if the crisis in ukraine spirals further out of control troop movements on the border part of military drills staged a week ago that's according to moscow that's for the russian troops stationed in crimea they've been there for two hundred and thirty years and moscow and kiev have a deal under which twenty five thousand russian forces can legally be in crimea the number currently deployed there was much le

around the world where one hundred thirty countries were always involved it seems in somebody else's alexion and we preach democracy we finally got democracy theoretically you know in egypt there was an election and of course we didn't like the person they elected so we said this go back to the military so i don't like hypocrisy and for us to one thing at the same time behind the scenes we're doing things to stir up trouble for many many different reasons. most of toxin russia's actions are based on assumption that most send troops to crimea is pulling parliament's approval but that was only a hypothetical green light for the president to deploy forces if and only if the crisis in ukraine spirals father out of control as for troop movements on the border that made many foreign observers nervous they were part of military drills station a week ago. the russian troops that are in crimea right now have been there for a very very long time tracy between mosca and kiev means twenty five thousand russian military personnel can legally be in crimea the number currently deployed is much less even ac

around the world where one hundred thirty countries where always involved it seems in somebody else's alexion and we preach democracy we finally got democracy theoretically you know in egypt there was an election and of course we didn't like the person they elected so we said let's go back to the military so i don't i don't lie hypocrisy for us to preach one thing at the same time behind the scenes we're doing things to stir up trouble for many many different reasons. well from mystery snipers in demonstrations on the ground to international wrangling over the ukraine crisis online we're keeping track of everything that is happening in kiev and beyond you can head to our team dot com and click on the ukraine timeline banner for live updates. now the second day of the winter olympics has wrapped up with russia adding to its leader winning another five medals after the break we report on the changes underwent so that all of the fans were able to enjoy the spectacular sporting performances. the head of parliamentary elections set next month iraq is facing a new wave of violence a suspected suici

around the world where one hundred thirty countries were always involved it seems in somebody else's alexion and we preach democracy we finally got democracy theoretically you know in egypt there was an election and of course we didn't like the person they elected so we said let's go back to the military so i don't know i don't lie hypocrisy for us to preach one thing at the same time behind the scenes we're doing things to stir up trouble for many many different reasons we're going to take a quick right now but when the back of this plenty more news including a look at the growing unrest in venezuela. this comes from the heart you know i've never even seen him in person for me this is the image of a hero the world's first cosmonaut everyone knows his name but few people ever knew the man was yuri gagarin's iconic first space flights the product of good fortune or destiny. constantly fail to land strictly he could see the grounds in school they started throwing punches at it what is it that was a turning point. to . the nazi. dramas that can't be ignored. stories others refused to notice. fa

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

[closing bell ringing] names like alexion and amgen. david: bells are ringing on wall street. you think what happened at the beginning of the day. liz, going, ain't they cute, all the girl scots. we've been attacked by those people all over the place. you can't go to a parking lot without girl scouts trying to get you to buy their cookies. a lot of people ended up buying stocks. speaking of buying. started out with the bad news coming from china. looked like the markets, in fact for a while the dow was in triple-digit loss territory. it regained a lot of that going into the closing bell. they're down but not out by any means, liz. liz: time for your front page headlines. mcdonald's, the world's largest restaurant chain and in many of your portfolios reported a bigger than expected drop in local comparable sales last month. it was .3 of a%. low business in the u.s. due to weather we say. david: we talked about this unexpectedly weak economic data catching investors by surprise. chinese exports tumbling 18.1% in february. this raising concerns of course about the strength of the

all the names we've been talking about a lot over the last year, gilead, alexion, and regeneron taking a big hit. and the reason, a letter from congressional democrats to gilead abouting about the new drug to treat hep "c." the big concern, pricing. it can cost up to $1,000 a day, which means $84,000 for a three-month treatment. so very, very expensive. and there is no government regulation of drug pricing. medicaid and medicare can negotiate discounts, but this letter sparked a lot of concern that the government can now start to intervene and bring down some of the big, big prices of some of these new super drugs. most analysts are not concerned about this case specifically. there's a lot of clinical data that shows support that all of these pricey drugs have better cure rates, but there has been some biotech buying and selling going on after the sharp drop-off. you can see that the session did bounce back from session lows. and this is a sector is up. so today's move is a relatively small one. but completely adds fuel to the fire that the biotech party could be coming to an end soon.

there's examples up and down, for example, europe, alexion has their own very high-priced drug.e than any of the large caps, yet they're in the midst of a new product cycle. a single payor system in every country. they're winning that battle every day. >> at this point how would you say this is going to play out? there's no doubt that there's going to be some collapse in some of the margins for biotech and pharmaceutical companies. it just has to happen, doesn't it? >> well, if you have an scree that's innovating and we've been tracking biotech, gross margins for 15 years now. >> this affordable care -- are these scare tactics that we're hearing? you're not going to get certain specials, the pressures from medicare are being cut back, that it's going to affect a lot of what people are allowed to actually get. it's just bound to happen. is that not true? >> well, i think if there's a mechanism in place to systematically do that, you have to be worried. the issue right now is these things are headlines. there's no system in place with the u.s. health care system to do that. until

the world we're in one hundred thirty countries where always involved it seems in somebody else's alexion and we preach democracy we finally got democracy theoretically you know in egypt there was an election and of course we didn't like the person they elected so we said let's go back to the military so i don't i don't like hypocrisy and for us to preach one thing at the same time behind the scenes we're doing things to stir up trouble for many many different reasons stay with us here and also internationally as we bring you the latest developments on ukraine and the way if and stay in for refusing to leave the house. even the animals have rights in a family with three children and we. want what is seen in families standards ground as is expands they take over the land after the break. the first issue that this government this interim government preoccupied itself which was the future of the russian language in ukraine and that's at a time when. the country is in cannes so that's the sort of shows you just read that government was prepared to take the issue is you know what appears to be

around the world where one hundred thirty countries were always involved it seems in somebody else's alexion and we preach democracy we finally got democracy theoretically you know in egypt there was an election and of course we didn't like the person they elected so we said let's go back to the military. i don't like hypocrisy and for us to preach one thing at the same time behind the scenes we're doing things to stir up trouble for many many different reasons. and there are many pieces of the ukrainian puzzle that some leave out of side dot com has five questions that the western leaders choose not to answer so log on and take a long. look on the program fans but not leaving the fight for their home. even animals have rights how can a family with three children and even the key. coming up we'll be reporting on how one palestinian family standing its ground while israel. with its expansion program . in ukraine want to join the e.u. a recent poll shows a fifty two percent of french workers want to leave the euro and then only thirty four percent of them think he is a good thing only one of t

around the world where one hundred thirty countries where always involved it seems in somebody else's alexion and we preach democracy we finally got democracy theoretically you know in egypt there was an election and of course we didn't like the person they elected but we said let's go back to the military so i don't know i don't like hypocrisy for us to preach one thing at the same time behind the scenes we're doing things to stir up trouble for many many different reasons and stay with us as we bring you the latest developments on ukraine here in our international and on the way found stand for refusing to leave their home. even animals have rights and how can a family with three children and. one palestinian family stand on the ground as israel expands the takeover of the air land. we'll call it on the road signs with the car skidded at breakneck speeds fell into a ditch and i was thrown out of the car she was like a broken it wasn't a single piece left. if i lift and had a chance to start my life from scratch i would start making to help children and then right after he was born the baby

intercept, biogen, alexion all moving to the downside.g its worst day in more than four months after acquiring privately held oculus which makes virtual reality glasses for about $2 billion in cash and stock. a big deal for facebook but investors not liking those prospects at least for now. >> facebook shares down 7% at the close. dominic chu, thanks for running us through that. we'll pick up right there. investors not loving the move by mark zuckerberg and neither is our next guest. joining me now, dennis berman from "the wall street journal." dennis, mark zuckerberg, mid-life crisis you say. i guess the question from here, is he a brilliant visionary or a massive destroyer of shareholder value? >> i'm being facetious about the mid-life crisis. beit raises an interesting question, how does a company keep ahead of the future? does it try to get ahold of every technology that may threaten it. it seems to be the path of facebook so far with the whatsapp acquisition, instagram, and now the oculus purchase. so from my perspective, you really

alexion pharmaceuticals whose only approved drug costs $400,000 a year, bio gen and cell gene sellingff. tesla, netflix, and priceline, all those momentum names moving lower. herbalife moving higher. schlumberger higher as well. the oil field services provider says it expects first quarter earnings to be much higher than a year ago and we'll end with cisco systems. the company will spend $1 billion the next two years to enter the cloud computing market. kelly and bill, back to you. >> thanks. is cisco a buy now that they're making a push into the cloud computing space? well -- >> let's talk about it. here to make the bullish case, chad morgan. to make the case for the bears, it's ross gerber. gentlemen, good to see you. chad, you see value in cisco right now, don't you? >> without a doubt there is value, bill, but it isn't all shine and rainbows. they have competitive issues particularly on their switching side as well as the emerging markets were quite soft in the last quarter, but let's go through the numbers on the value side. market cap, $110 billion. they have $30 billion of cash

alexion pharma to the upside. facebook. and edwards life sciences upgraded over at wells fargo.s here, that was that 777 in the malaysia flight. they are inspecting wings of undelivered 787s. ebay's down. they filed a preliminary proxy for their meeting. mcdonald's on the disappointing side. talking about the five-year anniversary of the bottom and remarkable call by mark haines. it's not the stock market is up 180% in the five years but what's not changed? that's beyond beeyields. bond yields are the same, 2.8%. 2.8% five years ago. we're 2.8% today. guys, what's changed? stocks up 180%, bond yields unchang unchanged? what changed is liquidity. a flood of liquidity out there and that's what the stock market has been reacting to by and large. i think earnings up modestly, but it's the title wave of liquidity that has made the difference between the stock and bond market. back to you. >> bob, thanks very much. on that note, out to the bond pits and talk to rick santelli at cme group in chicago. good morning, rick. >> what's changed, bob, everything's changed. $4 trillion balance

the world we're in one hundred thirty countries where always involved it seems in somebody else's alexion and we preach democracy we finally got democracy theoretically you know in egypt there was an election and of course we didn't like the person they elected so we said let's go back to the military so i don't i don't lie hypocrisy for us to preach one thing at the same time behind the scenes we're doing things to stir up trouble for many many different reasons. washington backed up its tough talk by implementing visa bans and asset freezes for those russians they deemed a threat to ukraine's sovereignty after barack obama ordered these sanctions the e.u. said it could follow suit but there's reason to believe european nations may be reluctant to follow through on that promise the e.u. is hoping to gain leverage with these sanctions but what do they stand to lose around one thousand million russian tourists pour in billions of dollars into e.u. coffers every year and sanctions could put an end to that cash pipeline and speaking of pipelines russia supplies natural gas to europe which ac

around the world we're one hundred thirty countries where always involved it seems in somebody else's alexion and we preach democracy we finally got democracy theoretically you know in egypt there was an election and of course we didn't like the person they elected so we said let's go back to the military so i don't i don't like hypocrisy and for us to preach one thing at the same time behind the scenes we're doing things to stir up trouble for many many different reasons. we've been covering the turmoil in ukraine since it started you put it on our team dot com for a timeline of events and we'll be bringing you the latest on argue that. well still to come thousands of venezuelans marking the first anniversary of go chavez's death coming up a look at whether his legacy of trying to reignite a bowl of aryan revolution has been shattered by weeks of anti-government unrest in the country it's on more after. they look like bounty yard. where the locals can enjoy the sun the ocean. was very few years ago. these people a suffering the consequences. how much more poison minds on the ground. behind t

the world we're in one hundred thirty countries where always involved it seems in somebody else's alexion and we preach democracy we finally got democracy theoretically you know in egypt there was an election and of course we didn't like the person they elected so we said let's go back to the military. i don't lie hypocrisy and for us to preach one thing at the same time behind the scenes we're doing things to stir up trouble for many many different reasons they but that has a ring at the nascent developments on ukraine and we'll be back with little top stories from around the globe right after the show. i was in the steam first. it puts everything in its. letting go of those identities for me is important. part of it is protecting it's somebody they would make a brother to but then if they really knew your story. they'd just. piss me before crazy how. the boy was nice to me in my name is june what's your name my name is geoffrey. your friend posts a photo from a vacation you can't afford college to different. the boss repeats the same old joke of course you like. your ex-girlfriend still

around the world where one hundred thirty countries were always involved it seems in somebody else's alexion and we preach democracy we finally got democracy where you know in egypt there was an election and of course we didn't like the person they elected so we said this go back to the military so i don't know i don't lie hypocrisy and for us to preach one thing at the same time behind the scenes we're doing things through stir up trouble for many many different reasons. there are many pieces of the ukrainian puzzle that some leave out of sight dot com has questions that the western leaders choosing not to log on and take a look. also while you online now for you right now that's the while the parents call tighten gun control in the streets children maybe finding ways to buy guns via social networks facebook and instagram and now promising to crack down on new uses trying to sell guns to mine and via social media more details to take away an arche dot com. also in the u.s. they have a baby with age by starting treatment just hours after the baby was born well in this medical breakthrough lo

a bit as well as alexion this. picture for instance. michele bachmann. leading demonstrations at the white house at the barricades with people screaming and throwing rocks behind her calling for president barack obama to exit and quit but is it fair to kind of paint the whole protest movement as a right wing you know upper well students it's it's certainly led by the ultra right by the equivalent of michele bachmann. the woman friend says the deputy mashad o. got. less than five percent of the vote in the primaries in the campaign as to who would run against. president maduro last time. this this is the right wing of the conservative opposition who they do not believe that they can win elections and they want to stimulate some kind of international sanctions and of course international observers concluded that venezuela's most recent elections were fair and transparent yet opposition groups are saying i mean they're calling for the ousting him and darrow here can you speak to the legitimacy of their grievances. it's it's legitimate to make the call but y