both the new fmc and fmc minerals will benefit. following the stories so long that we know the pattern really well. so if you're thinking it's too late to make money off the fmc breakup, i want you to think again. as i explain in "get rich carefully," there is a speculation period where the stocks run up in anticipation of possible breakup. this is a reason they rallied more than 36% over the last 12 months and the announcement where the stock pops on news and in fmc's case it spikes from 77.83 to 83.10. that was a 6.7% gain. but here is where you're getting a terrific opportunity that doesn't often come up. in a couple weeks since the news, fmc declined to the point the stock is trading at 76.54 below, below where it was before the breakup announcement. that's absurd. not only have you not missed the moot, but if you buy at these levels, you're paying the preannouncement price. the third stage is stage we're in now, is the runup to the actual breakup stage. this will go on until the split happens the beginning of next year. histor

fmc one to watch.on cliff's natural. >> there are parallels between what's happening with fmc, rebound there, what could potentially be the case, if carl icahn gets his way with the company like ebay. amid the activity, just want to look at csd, guggenheim spin-off etf, a lot of attention for outperforming the markets since the bottom. down a tenth of a percent but that's the way to play the space if you believe in unlocking value. >> fmc, single-best performer on the s&p, up 7%. a quick break. hopefully talk to jim on the other side. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 7

we don't know what was programmed into the fmc. we can't tell that from any data we have other than. until we get the black boxes, we will be able to look. having said that, i think this current information we have now is going to go a long way in ep hadding helping us finally recover some wreckage and start to unfold the story better. >> it certainly does back up a lot of the reporting, a lot of what the investigators have been focusing on. there was that initial report and some question about the accuracy of that. clearly, this plane did make a left turn. it did fly for some 6-7 hours given the distance of the location where it's believed to have gone down. >> you are exactly right. we said here on c nn that one o the plausible theories is that this airplane did fly. was it intentionally flown in this direction? were the pilots trying to find a place to land? what was going on in the flight deck? what is really going to be the next phase of this investigation is to obviously recover some of this wreckage, start taking a look at i

mfc, fmc and n 2 holdings. >> that's it for "power lunch." >> see you tomorrow. >>> america the bountiful. the cash cup runeth over. some stats you will not believe on how much money is still floating around out there and what you can still do about it. hello, everybody. ukraine aside, the real reason stocks are down today. professor jeremy siegel has the reason he thinks stocks go up from here. >>> forget ferraris. why the next great investment in cars may be a datsun. >>> not so happy monday for u.s. stocks. let's take a look at the board. the dow cut its earlier losses almost in half. the nasdaq, however, is down for the third straight day. which would be the first three-day losing streak since the end of january. part of the reason for all of this negative start is, well, let's just look east. china, the world's number two economy here, coming out with weak trade numbers, slamming the shanghai composite which is down about 11% over the past three months. but let's not end on a down note. facebook hitting a new record price today of $71.99. right now it's up over 30% this year alone. f

even with the autopilot there's different ways to do that outside of programming it into the fmc. speculating about things like that, we just need to be careful. and i think we're certainly more on target with this discussion tonight in light of this breaking news. >> les? >> yeah. i mean, it's anybody's best guess why they're not revealing it. but with my experience about an accident -- >> i meant what he said about being on target and not knowing whether it was being flown manually. >> it's true. that part of it is correct. it is hard to tell. >> miles o'brien, as a pilot, what does this new information reveal to you about the intentions o r the reactions of the pilot and crew, if anything? >> you know, on the surface what it looks like is a textbook response to a catastrophic event and high altitude. there's a little more information we need to gather. but that's what we're seeing. what's the catastrophic event is the real mystery now. as we look at this. so, you know, we've had some dead ends before to say the least over these 16 days or so. so we should keep that on the mind

of a company called old fmc. minerals. >> who is this? you kidding me? andrew? an draw's on the phone. >> it is. >> with some breaking news. you're on vacation, aren't you? what are you doing? >> it's early in the morning. i'm on the west coast but i have breaking news because it will be announced in the next 20 minutes if not sooner which is that ebay is going to be putting out a statement rejecting carl icahn's effort to put two of his own board members on ebay's board. as you know, of course, we've talked about it a million times. they've been back and forth over whether they should spin off paypal. they have said no. then he said he wants -- they will be recommending four new board members. we'd be recommending four current board members. he's already not on this cycle. so this whole title is irrelevant. i should tell you because i have a piece of what's going to be put out a little bit later today. ebay's board saying the corporate governance to give serious consideration to the two employees of carl icahn t

dupont has said last year it will spinoff its specialty chemical business and fmc corps said it wouldate companies. the question then becomes are there other places in this sector that are right for activist involvement or creating shareholder involvement. a lot of these companies have very diverse businesses. whether they stand better alone is a real question for the activist. that's why it's a hot trade. back to you. >> he's one of the world's top investors known for making huge returns on troubled areas of the market. joining us now to discuss where he's looking for opportunity now is wilbur ross, chairman and ceo of wl ross and company. good to have you on. given what we're having, you know, take place in the u.s. market here we're worried about some of the global risks relative to china, frothy ipo markets, your name it your recently pulled the diamond s shipping ipo. why? >> we were in a position where we did not need the money. it was an opportunistic primary offering in order to buy still some more vessels. >> you're waiting for a better market, essentially, right? >> yeah. ye

fmc corpse, rockwood. i can't even say it there on the third one on the list. that is essentially a play on chile. a lot of these minerals come from there. go ahead. >> that is the chemical and mining company of chile. and it is down about 50% right now. they also have the largest deposits of lithium in the world. so really good play, a good long-term play. some folks though don't like to invest in foreign companies. sometimes there is some issues there. i also like global x lithium, which is an etf holding a lot of securities you just mentioned. so a good etf there. but really when you look at batteries and technology, that's what we want to focus on. who is going to create this next battery. david: right. >> ibm has a wonderful project called, battery 500. a lot of people don't know about it. cheryl: sure. >> but thought is to create -- david: we got your picks. we'll have to move on, thanks, pete. cheryl: guys, thank you very much. >> thanks, guys. cheryl: jeff duncan, pete lang, dan stesich. we'll come back to you before the s&p futures close. gentlemen, th

of views that we've seen and that ben bernanke was so famous for accommodating during fmc meetings. >> even more plain spoken than bernanke. absolutely not a return to those greenspan days. josh, let me turn to you. do you think it's likely that miss yellen will be presiding over a more fractious fed, and do you think that will be because people will be testing her power or because the economy is in a different place where unanimity is less likely? >> well, the fed -- you know, it's not a crazy plot twist when we come out to these kind of press conferences and these big decisions but we know there is going to be division just because of the big choices that janet yellen has to make. that controversy is inevitable when deciding what to do with the economy in its current shape. >> ylan, what do you want most to ask ms. yellen during the news conference? because i think that's going to be the focus of almost every reporter and almost every investor. so what do you really want to know from her or what are you going to press her on? >> i think what is the longer term outlook for rates? are

mfc, fmc and n 2 holdings. >> that's it for "power lunch." >> see you tomorrow. >>> america the bountifulth over. some stats you will not believe on how much money is still floating around out there and what you can still do about it. hello, everybody. ukraine aside, the real reason stocks are down today. professor jeremy siegel has the reason he thinks stocks go up from here. >>> forget ferraris. why the next great investment in cars may be a datsun. >>> not so happy monday for u.s. stocks. let's take a look at the board. the dow cut its earlier losses

into the plane management computer, whether it's kuala lumpur or some other alternate airport, the fmc programmed to go to that destination. if it has nothing else to go to, it'll maintain a heading. and continue on that heading. >> that's the question. so if they were -- so were they not on autopilot at that point? so at this point, if something like this happened, which this -- which the information we're gleaning from this, as if that something happened in the cockpit. they were trying to get lower in order to take care of it. to find another airport or to get to air where -- to a spot where they could clear the air, so to speak, in the airplane. so then the question is, they're not on autopilot at that point. correct? >> no. >> they are? >> i'm sorry. i didn't make that clear. they are on autopilot. my contention is that they began the decent. the captain prior to beginning descent had put in the diversionary alternate. whether it's kuala lumpur or another alternate airport. the airplane is still on a lateral turn by the autopilot. and they are directing a descent that they may hav

mentioned, this plane, we know has made several turns, several changes in altitude, this wasn't in the fmcght management computer, so this has to be human intervention. there's an interesting element with the co-pilot signing off. he signed off, all right, good night. that's not normal signoff, he should have said mh 370, he should have read back what air traffic control told him. he just said all right, good night. maybe that was a coded message saying i'm not all right. i don't know. it's one of the many mysteries of this extraordinary disappearance. >> the british newspaper, the telegraph, as you know, they published what they say is the transcript of those 54 minutes of communications between air traffic controllers on the ground and the cockpit crew, the co-pilot in this particular case, what we have seen is an english retranslation from the mandarin original conversation was in english. what are you hearing about this transcript? >> wolf, i have yet to see the exact transcript. all i know is the last signingoff. that is certainly not by k.o. protocol, it was slack at best, too casual

other airlines keep it on and deviate through the fmc or the fms. the circumstance. >> if you change the computer program, if you had to because of some failure in the cockpit, wouldn't you communicate that to air traffic control? >> yes. i think i mentioned it to marty, af vee eight, navigate, communicate. we are flying first and make sure we are going in the right direction. then, we communicate. communication is primo on the list. we have to communicate. they would have absolutely had to do that. >> the acars system we have been discussing showed alert or send out an immediate alert in the case of something like eye fair or the company rising down in the wheel well area. >> the fire alarm is pretty obvious. you would get all sorts have alerts and warnings that come up on the screen for the pilot and co-pilot to see. it lists just about every aspects from the engines to the cargo hull to the wheel well and the engines. you get quite a readout. >> martin savidge and pilot, mitchell, casado, thanks as usual >>> the search area has expanded to unbeli

. >> if you are going to shut down, we call this box, the fmc, you have to have an intimate knowledgethis system. it is not an on/off switch. you have to go in there. it is many key strokes to delete the flight plan. when you put a flight plan in here. it tunes in automatically and you don't have to delete all the radio signals and radio stations. >> what we are saying is that if those systems were shout shut down as has been reported, it means the pilot or co-pilot was intentionally doing it or somebody that knew their way around a 777, 200 flight deck. >> how far into the flight are you now? >> well, we have just taken off. so, mitchell, where are we? >> we're passing 18,000 feet. so this is the point where we would transition to what we call high-level air space. it is just about another 10-15 minutes before we transition to the north/northwestern shore of the malay peninsula and about another 50 or 45 minutes before they get to the point where they lost contact. >> we'll let you fly on. i have got to take a break. martin savidge, mitchell casada, we will continue this conversation

fmc corp one of the leaders.nvestors are applauding the announcement to split into two separate publicly traded companies. one focused on al agricultural, health, and nutrition. biogen and amgen among the strongest movers. shares of dreamworks slipping lower. cowan issuing a report saying the studios new movie mr. peabody and sherman is turning out to be just another laug. lowering estimates not just for this film but future films and cutting the price target on shares as well. >> i didn't want to say that to jeffrey katzenberger recently but we talked about that. i didn't think that movie would do very well. who remembers mr. peabody and sherman except me? >> i said, what's peabody? >> makes me better about not understanding a reference. i take it you didn't see the movie. >> no. >> we are approaching the close and the question is whether the s&p will turn positive here. we'll keep a close eye on it for you. it's down less than a point. the dow is off 28 after being down more than 100 at the lows. >> we could be