seema mody here. big day for fuel cell makers.uel cell energy, plug power systems soaring on news tesla is expanding in europe, specifically its super charger network. as for tesla, it continues to defy gravity, up $4 and change today. sue. >> thank you so much. i appreciate it. i was talking to marcus lemonis. he will be with us in a minute. first, bhp billiton seeing modest gains today, up just about half a percent. shares of the world's largest mining company have been pretty volatile over a one year period. look at that chart. sharon epperson is in houston, texas at ihs week. she has an exclusive interview with bhp billiton's ceo, andrew mckenzie. sharon? >> reporter: of course, much of the discussion here at this conference has turned from talking about global competition to of course conflict in ukraine and the tensions between russia and the west, and that is a focus i would like to start with with you, andrew mckenzie, ceo of bhp billiton. you do not have operations in russia, nor do you do much business in russia, but sti

seema mody has been focusing on those moving stocks at nasdaq. what you got, seema? >> i like that definition. we have definitely seen a lot of volatility in these names but today the nasdaq momentum stocks are staging a comeback. facebook, netflix, tesla, in the green although facebook off of its highs. we are still trading well below the 52 week highs for these names. down double digits over the past one month, just to put the moves that we are seeing today into perspective. but here's what's interesting. old school tech names seem to be gaining ground. stocks like hp, intel, oracle, cisco might not offer the same level of growth as new age tech but all these names are up over the past one month. one trader telling me that this rotation into value oriented tech names could be a trend to watch in the new quarter. out of these basket -- out of this basket of old school tech names, the highest percentage of analysts have buy ratings on cisco. over the past one month, shares in fact of cisco have gained better than 3% so we have to see if this is a trend to watch in th

she's kathleen smith, cofounder and chair of renaissance capital which seema mody just mentioned in theyare report. kathleen, welcome. good to have you with us. you heard david mendel a moment ago describe the ipo climate right now as a balloon not a Ñzñ bubble. i'm not sure that's not a distinction without a difference. that is how you see it? >> yes. we think there is some ipo madness in the market currently. and particularly with the biotech stocks and the cloud, the fast-growing cloud technology stocks. >> so people look at the ipo price, how an ipo does on the first day of its trading and how it does a little bit of time later. based on that gauge, how are the companies that have been going public this year doing so far? >> well, so far this year the average ipo first day of trading is up 22%. that is much higher than the norm about 13 to 15%. although it's not as high as it was in '99-2000 when many of those first day pops were over 50%. but the 22% number that we're seeing currently is just not a sustainable number. so we don't expect to see that continue. and there'll be some adj

>> seema, thank you. >>> momentum. the dictionary defines it as force or speed of movement, a quantity expressing the motion of a body or system. there you have the power definition. sheila looking at the rotation out of some of those stocks that really had their own sort of force of nature behind them. >> they had their own sizzle. >> now, not so much. >> seeing definitely a lot of that movement, a lot of force you were talking about, that definition. here's the thing. it is out of momentum names. in fact, a lot of them now are in bear market territory, which means, of course, more than 20% off its most recent high. so let's talk about some of those losers. elon musk. solar city down 30%. tesla down 20% since the highness past months. getting hit hard. not just elam talking about. stocks like streaming music provider pandora, 3d systems, pharma six lix and all three stocks firmly in bear market territory now. interesting is three very different stocks, very different industries but losing steam almost in tandem. you c

seema mody is joining me. good evening. >> good evening. today the s & p 500 hit a record high earlier this morning but gains soon evaporated as money was taken off the table. dow jones industrial off 28 points. the s & p 500 and dow were able to eek out a gain for the week. gold losing ground. financials one of the best performing sectors this week. the latest bank stress tests were seen as encouraging while health care stocks underperformed. particularly those biotech names all down today. traders say this could be the start of a larger sellout after what was a monstrous run for the biotech index now, tiffany reporting sales that came in below estimates and nike topped earnings estimates. larry, that's why the stock ended down on the day. back to you. >> seema, i think it was henry waxman challenging saying your pills cost too much and everybody sold off biotech. but mr. waxman that has been on that panel is retiring. he'll be gone soon. >> there you go. >> i think the stocks should discount the elimination and determination and the extin

seema, tesla is higher yet again by better than 2%.ing of that company, mike murphy made a bearish call in early january. let's listen to that. >> from a trading standpoint it looks like the stock wants to go lower. it will go up a little bit, and then getting hit hard like you see here. i would stay away from tesla. >> all right. well, that's been a hard one to be on the wrong side of. >> absolutely. a very hard one to short which i never should dream of doing. january 10st, major pullback. 153 on that day when we heard the clip. three days later the stock hit 136. bounced off that level and it's been off to the races ever since. i'm not long tesla. i've never been short tesla. if you're in the name, i would ride with it here because the momentum the your friend. >> out owhat about auto zone? >> i like it. the sell-off today doesn't make sense other than the fact that people felt it was overvalued. i think on the pullback if it gets any more extreme it's only 1%. >> azo, i should say. >> i think there's great opportunities. margins ar

>> seema, thanks very much.o the commercial right now as we head toward the close. 12 minutes left on the trading session with the dow up 130 points right now. >> that's right. and we'll have more on what's driving the rally after this. don't miss my round table with individual investors from around the country coming up next hour. wait until you hear what they think about high speed trading and how they're putting their hard earned money to work. >> that's where it really matters on this issue, is what it does to individual investors. coming up. coming up. stomizable 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 than schwab, td ameritrade, and e-trade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. call or click to open your fidelity account today. marge: you know, there's a more enj

seema mody has more on what's behind the breakdown in thooers the these fast-growing tech stocks. >> reporter: vesting in fast growth tech names has been success. netflix up and google up a 55%. over the past pun month, shares of these growth stocks have fallen sharply. analysts say after the big run up in these games, valuation is becoming a concern. plus as the quarter comes to an end, traders are selling the winners. >> i think in general you're talking about the end of the quarter. clients do not seem to be overly concerned about the movement that we're seeing in different sectors. you're seeing in technology a clear rotation out of some of the high ln flying internet names. >> reporter: in that rotation into value-oriented tech names may already be happening. ibm, cisco, hewlett-packard, oracle all higher over the past one week. so far this year, hewlett-packard is the big winner, up 14%, thanks to better than expected earnings. while it still remains to be seen on whether old tech is better than new tech, there's one thing analysts agree on. old school tech names may be the new

seema mody has been crunching those numbers.or that information. >>> later, the parents of a 21-year-old woman killed in a car wreck that could have been avoided if regulators had issued a recall on a potentially fatal gm ignition switch. [ bagpipes play ] make it happen with fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> welcome back. goldman warning clients that stock was super high expectations for earnings growth tend to underperform the markets. seema mody has been doing some number crunching of her own to find out which companies could be prime candidates for burnout. >> basic concept makes sense, right? if the bar is set so high, it's even harder for these companies to actually beat street consensus. goldman sachs warning clients it's these companies with high long-term easterninrnings growt expectations that underperform on a one year, three year, and five year basis. high flying stocks like facebook, om zon, gile

seema, should rachel get paid? >> absolutely not, rev.w about you, but are you hearing whispers of casey anthony here? she's a narcissistic, self-centered young lady. and the investigator who conducted the assessment agreed that she is spoiled and the judge also agreed with that. so why should we start setting a precedent when she's legally an adult. if they pay her for college. and let's talk about the millions and billions of children in this country who are getting financial aid and going to college that way. why is she entitled to more? >> ken? >> i think the judge sounds like a very wise man. i clearly -- we don't want to have a precedent of every parents' nightmare that the children is going to sue them because they don't like a rule instituted in the house. i don't know if this child is self-centered or narcissistic. maybe she's just given bad advice and is misguided. i think the judge is correct to get counseling as the priority here. get this family into counseling and let's see if they can repair this relationship in the form th

thank you for that, seema. you talk about google, there's backlash in san francisco banning them in bars and cafes as well. it's just an interesting thing going on. thank you for that, seema. there's a side panic in the willows bar that features a picture of the wearable computer with a slash over it. along with a message saying customers have expressed concerns of being recorded while enjoying themselves. we'll see what happens with that. >>> other news today, consulting with five media companies is putting the cars.com online listing on the auction block. the wall street journal says the group hhl bellow is seeking up to $3 billion. potential bidders could include private equity firms. last week classified venture sold its other apartments.com for $86$860 million. >>> coming up, is the bull run going to roll on into a sixth straight year? we'll look ahead to today's session coming up. >>> u.s. futures are indicating a pretty flat start this morning after we had some gains last week. the dow up .8%, up 2% on f

seema, thank you very much. sue? >>> his wife founded a company with a new way to screen for genetic problems. google founder took the test and it may have led him to embark on an extramarital affair because he may think he only has another good ten years left to go. that's one of the big stories in the current issue of "vanity fair." the writer is with us next. >>> plus phil lebeau is back. a new generation of american auto plants is on his agenda this time around. >> reporter: we are talking about sterling heights which is actually an old plant but is getting a new lease on life from chrysler. we will go live there in a few minutes as chrysler begins production of the new chrysler 200. can chrysler get into the game when it comes to selling cars people really want, not just trucks and suvs? that story when "power lunch" returns. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that

seema mody is following this story., the white house and government always lake the security of blackberry. >> and there are reports that blackberry may be losing its popularity in washington. "wall street journal" reports that the white houses testing smartphones fr smartphones from samsung and lg electronics. this could be a big blow to blackberry. the federal government spend on plaqueberry products has declined over the past two years. analysts tell me it is important for plaqblackberry to retain ash as its base as possible, as they deal with slowing sales. 47% back in 2009, 1.4%, though, in 2013. experts say if the white house does decide to switch from blackberry to a competitor, blackberry could lose its most famous user, president obama. ceo john cheng and team have been touting blackberry topnotch security software. brian clelo says if the u.s. government can switch to samsung, why shouldn't any security that's concerned make the switch. blackberry does report earnings one week from today. expect questions abou

seema mody, what's going on?man sachs says clients continue to ask when does the party end for these high growth stocks. we will get you that report when "power lunch" returns. ♪ for tapping into a wealth of experience. ♪ for access to one of the top wealth management firms in the country. ♪ for a team of financial professionals who provide customized solutions. for all of your wealth management and retirement goals, discover how pnc wealth management can help you achieve. visit pnc.com/wealthsolutions to find out more. anbe a name and not a number?tor scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. lemme just get this out of here. to go. unlike some places, we don'

. >>> now, let's get to our own seema mody. seema?we're going to begin with a general electric ceo jeff immelt spent his entire 2013 cash bonus of $2.6 million buying ge stock. you can see shares higher on the day. and then there's jcpenney moving higher after standard & poor's raised its credit outlook on the retailer to stable from negative saying sales have turned the corner. russian stocks rebounding today after selling off as the crisis in ukraine eased up a bit. qiwi, mobile telesystems, and yandex. delta hitting a record high after revenue rose 4% from the same time a year ago. on the flip side, cliff's natural resources, it fell as wells fargo downgraded the stock to underperform from market perform due to a challenging macroenvironment. shares down 2% on the day. bill? >> seema, thank you very much. so big down day yesterday, we've had plenty of guests through here, including warren buffett, who said they would use it as a buying opportunity, and at least for today they were right. >> that's right. our next guest taking it a

i'm seema mody. smith & wesson moving higher in the after-hours trade.sts expectations as handgun sales continue to grow. the company gave fourth quarter earnings guidance. smith & wesson shares higher after-hours. >> thank you so much, seema mody. brian kelly, handgun trade. >> the other place to look is ruger. i would look at cabela's. and dick's had a pop today. up about 1.4%. >> got it. big tobacco may mean mergers. don't laugh. yesterday, we flagged the story that reynolds american is making a bid for lorillard. and that might not be the last merger you see. joining us is john. could it pass through antitrust concerns? >> it makes a lot of sense. these guys have just about any kind of overlap you can imagine. the synergy is going to be massive. there's a question whether any trust regulators would approve this. when you combination these two, they will have 40% of market share. altria has 50%. they would be second-largest. >> how could we say there would be more mergers beyond this? >> you have to look at british america tobacco. on july 30th, that

seema, you have mastercard. why is visa the better bet?> i think visa is a better bet but i'm going to be a gentleman and go ladies first. >> thank you so much. >> seema, you take the stage first. >> let's talk about credit card companies. their businesses sare so heavil tied to the economy. transactions increase, that's a boon for these type of companies for mastercard, profits rose 3%. analysts say when you sift through the tea leaves the numbers look encouraging. for example, processed transactions increased year-over-year, cross border volume also up in january. management also said that the u.s. economy is showing forward momentum. now, another reason to be bullish on mastercard is its buy back plan. it repurchased plenty shares in q4 and in january. it has $3.3 billion left under the existing plan. it upped the dividend by 83%. you want a company that's submitted to its shareholders, this one is a name. >> i want to take a look at the chart of visa. first of all, over the course of the past year, it's up 37%. that's actually a slight

seema mody is tracking the big movers. >> good afternoon, sue. right.te the big moves we're seeing in the retail space, costco falling, staples missing street estimates by 6 cents. the nasdaq continues to track to new 14-year highs. a lot of traders talking about the big move we're seeing in the social media space. for example, facebook up better than 3% just this week. better than expected earnings, mobile monetization, really the two catalysts helping shares of facebook outperform. pandora the leading social media stock year to day. today under pressure announcing it will stop providing monthly listener data. internet a hot sector to invest in the nasdaq internet index up a whopping 485% since the march 2009 lows. analysts say the pickup in the i.t. spending space will definitely be a boom for stocks in this sector. >> okay, seema, thank you so much. >>> metals markets are closing right now. let check on things. once again, in today's session, it is the plate yum market moving the most, and the copper -- the silver market, pardon me. silver finishing

let's go back to seema. >> preliminary talks to acquire news distribution network for $300 million.hat makes this deal interesting is that it could serve as a competitive threat to google's youtube. now, melissa, we know that ceo melissa mayer has made online and digital a big part of yahoo's growth strategy. this will be a news item we'll continue to watch. back to you. >> thank you very much. this is yet another pretty small acquisition for yahoo. >> there's zero chance they compete with youtube. youtube's got -- >> $300 million acquisition to compete with youtube. >> it's fine. >> i care a lot more about the whisper numbers on the alibaba ipo. and that is something that is much better than where we were a couple of weeks ago. 35 to me is a bottom. i think where you can trade yahoo with a stop probably just below that. and i would get long here. >> that's 100% of yahoo's value or more, and i think people are concerned about these kind of acquisitions. are they doing anything? >> anything after so many little -- >> no, but it becomes very mechanical, i think, and that's where peopl

seema, thank you. all right, sue, down to you. >> let's go to chicago, because rick santelli is back in the aftermarket to talk about that two-year note auction and how things are going right now. ricky? >> yeah, two-year note auction wasn't bad. but of course it's going to be the fives that are a bigger task form. looking at fives, yes the yields are up a bit. but if you look at the other end of the curve, we see the real movement. and that is the reverse of flattening. it doesn't take away a lot of what occurred after the statement wednesday. if we look at what's going on with regard to foreign exchange, no chart is better than the dollar/yen. we continue to see that this is basically undecided. same kind of picture you get from 10 year and 30 year yields. they seem to be stuck below aggressive resistance. >> thank you very much. >>> it's one of the effects of the west coast drought. starting today millions of young california salmon will be migrating to the ocean via tanker trucks. and this wild rid

we have seema immediaty at te m the nasdaq. we do begin with stocks at all-time highs once again which raises the question, are there any values left in this market? they are certainly growing harder to find as the rally becomes even more broad based so we take it to the desk to see what the traders think. josh brown, it just becomes harder to find stocks that you would say are cheap when i read a list of the new highs that is growing every day. i mean, if you go down here the names we continually talk about. the sectors that keep hitting new highs. the small caps, mid cap, nasdaq, et cetera. >> yeah. it gets harder and harder. you are seeing that reflected in the portfolios of some of the famous value investors in america. a lot of these guys are carrying 20 and 50% cash. they're not market timers. they're bottom up guys and hunting for values that, frankly, aren't presenting themselves as easily as they were in 2012 and 2013. that being said, i think there is money to be made and there are cheap stocks. you vjust have to lose

seema mody is there and she's got them for us. hi, seema. >> that's right. the ipo craze continues. two biotech ipos, in fact, at the nasdaq. one develops treatments for severe burns and wounds. the stock up about 21% in today's trade. credit suisse, bmo, and jeffries acted on this deal. the next is akeefeya therapeutics, another biotech. a strong listing up 36%. speaking of newly listed companies, xone went public last year. shares selling off after it reported its surprise quarterly loss. now, in response, 3-d printing stocks have been getting hit. analysts also worried about heightened competition from the likes of hp. hp at the company's annual meeting yesterday said it declined to enter the 3-d printing market. now, broad-based gains for act mai, seagate, netflix. now, technology does historically outperform in a rising rate environment. traders keeping that in mind after what yellin said yesterday. sue? >> perfect segment. let's see what the bond market traders down there at the epicenter of the rate debate think about what's going on today. ricky? over to you. >> they think a

seema mody with details. >> good morning. u.s. attorney's office has opened a criminal probe into gm's recall of 1.6 million cars worldwide. reuters says prosecutors are examining whether gm is liable for not disclosing problems with the cars which had been linked to 13 deaths and prompted the recall last month. gm and the u.s. attorney's office declined to comment. >>> futures are lower after markets closed in the red tuesday after a positive start. nasdaq posting its first four-day losing streak since august. s&p 500 logging its first lost in five days. the nasdaq losing 27. >>> let's check in with meteorologist christina loren. she's got a look at high winds this morning. >> it's blustery out there to kick off your wednesday. good morning, scott, laura, everybody. give yourself extra time because though winds are starting to drop off in san jose, you're going to find debris all over your roadways. take it easy. overall, we'll see wind relax for most of the day and pick up as we head into tonight. look at what that wind straight

seema mody has more for us from cnbc hq.sle eight, actually, but anyway, here is seema. >> safeway has agreed to be bought by private equity firm cerberus capital. the deal is for a little more than $40 a share. it will bring together safeway and albertsons. albertsons has more than a thousand stores. saveway operates more than 1300 stores. last month, saveway put itself up for sale. it's been shedding smaller, less profitable assets in chicago. safeway and albert sons say the deal will help them better respond to customer needs and reduced costs. they also plan to renovate some stores and expand product offerings once a deal closes, which is expected sometime in the fourth quarter. serberus faced potential competition from kroger, which was considering a bid for all or part of the company. saveway could still make a deal. safeway and its bankers mae seek higher bids. it would attract attention from anti-trust regulators. saveway would marry the top two u.s. grocery chains. safeway fell in after hours trade on thursday. shar

seema modi knows. she's going to tell us. >> hey, sue. companies are dealing with mature businesses and are sitting on a record amount of cash. those names coming up. >>> and as you know, we are counting down to the fed's latest decision on interest rates. the key statement on the economy. that is followed by ms. yellen's first news conference as the fed chair. we have very special fed coverage for you on cnbc. you cannot afford to miss it. 56 minutes and 32 seconds to go. we're back in two with the dow up ten points. up ten points. ameriprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. >>> it's been two years since apple announced a dividend. the stock right now is up

we will start with seema. you have been looking at the best performing category, it is consumer discretionary but as we all know, there are sectors and then there are mini sectors within. tell me about that. >> the sectors up 320% but there are three main sectors in consumer discretionary, online travel, hotels and luxury. what's interesting is that it's not just a pickup in the economy in consumer spending fueling these sectors. strategic decisions by companies have helped investors become more bullish on these names. first up, let's talk about online travel, companies like priceline and expedia, both up 1,000% since 2009 thanks to making key acquisitions, building out hotel inventory and identifying the rapid shift to mobile early on. these stocks have been soaring. hotel stocks have also been on fire. morningstar says expanding overseas, specifically in macao, building hotels in key locations were key in driving profitability for these names. lastly, high end retail. tiffany's up 450% since the market botto

. >> thank you much, seema. >> heavy rain i ever washington state prompted flood warnings for rivers over the weekend. it didn't stop there. the rain caused mudslides and road closures while rising water levels in oregon have residents calling the fire department for help. the water almost shut off the electricity to some homes in the area after it came just a foot from power boxes. and in billings, montana flood waters shut down the zoo. officials say they are read the relocate the animals if they need to. >> poor guy. i can see on the weather wall here we've got rain ourselves. >> we do. you know what, the only thing about this rain we don't like right in the heart of the morning commute, we're going to have slick conditions. good morning to you, scott, laura, everybody at home. as you're getting the little ones ready for school, make sure they have the rain gear ready to go. you're not going to need it all day long. a good amount of clearing by about 1:00 p.m. steady rainfall coming in. all the way from santa rosa. the steady activity into novato and san rafael. that's where the s

seema mody live with more details. good morning. >> good morning. the house energy and commerce committee will reportedly launch a probe and hearings into general motors' recall of 1.6 million vehicles worldwide. the recall tied to faulty ignition switches that can shut off and disable air bags, linked to 13 deaths. lawmakers will examine the slow response of gm and regulators, the committee chairman was the sponsor of the last safety regulation passed by congress, the tread act of 2000 in response to the ford fire stone tire recall. a check of the market, futures are lore after stocks posted modest losses, investors reacting to some disappointing economic data out of china. today look out for wholesale trade data and earnings from retailers, sporting goods, american eagles outfitters. the dow dropping 34 t nasdaq slipping by one. >> thank you. >> happening now they have been talking for nearly ten hours and they won't stop. until 6:00 this morning. 28 senate democrats have taken over the senate floor since 7:00 last night trying to bring attention

for that and the rest of the news before the bell let's turn to seema mody live at cnbc world headquarters. good morning. >> good morning, scott. futures a touch higher after stocks mostly positive thursday. the s&p 500 at a record high. investors awaiting the news, the february jobs report out before the opening bell. setting the bar low as they expect hiring was again impacted by winter weather. unemployment to have ticked down to 6.5%. the dow rising 61, nasdaq slipping by 5. american household wealth jumping mostly due to the stock market and rising home values. household wealth measures real estate, bank account and other assets minus mortgages, credit cards and other debt. the irs says the average tax refund this year is more than $3,000. surveys show most americans plan to use the cash to pay down debt but get this, younger people are more likely to spend their refund on shopping or going out. the irs also says most people are doing their own taxes and are e-filing which i thought was interesting. >> all right. thank you kindly. >> i agree, refund, shoe money. that's what you use it

. >>> time to get down to business with cnbc's seema mody. good morning. >> good morning.e first story we're watching is safeway striking a deal to be bought for more than $9 million. it owns several supermarkets including albertson's, the nation's fifth largest chain. safeway is second largest. >>> and americans' household wealth jumping $10 million last year according to new data from the fed. that's due to the booming stock market and rising home values. household wealth measures real estate, stocks, bank accounts and other assets. minus mortgages, credit cards and other debt. >>> now, the irs says the average tax refund this year is more than $3,000. surveys show most americans plan to use that cash to pay down debt. but younger people are more likely to spend their refund on shopping and going out. betty? >> but, of course they are. thank you. >>> also in the news, lsd is making a comeback in a new drug trial, and it's approved by the fda for the first time in 40 years. the psychedelic drug is being used in a controlled study on patients with anxiety from life-threate

that's okay. >> that's a positive, seema. >> thank you, seema. >> it's 12 minutes before the closing the industrial average lower by 167 points and the nasdaq is lower by 37 points. >> who is buck rogers? >> used to watch that tv show when my dad was little. >> russia, of course, denying ukraine's claim that the super power handed an ultimatum to surrender crimea or face military action. coming up, the former u.s. ambassador to ukraine john h herbst joins us. and make it right. some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where it's needed most. but i know you'll still find it when you know where to look. >>> nine minutes left in the trading session here. the dow holding steady. the whole stock market here we've found a level here, right, bob pisani. we're down 178 points and the question i have been posing is who wants to remain long going into the evening here? >> not a lot, but not a lot of selling. the volume is moderate i would say, and if you watch the vix, there's your fear indicator. the vix is 16.

we have seema mody there.ou put your phone down so you stopped playing sancandy crush answer this. some experts are seeing major red flags. >> here is what's worrying investors. first, the strong investor appetite for newly listed companies that are unprofitable at the time of their ipo announcement. according to s&p capital iq, castlight health, and akebia and intrawest fit into that category. of the companies that have gone public this year only 13 are trading below their offer price and 7 of those are from the biotech and pharma space. last warning sign is the massive jump in the tech ipo shares on the first day of trading. while the average ipo in 2014 has seen a 22% first day pop, tech ipos have been averaging a 55.7% first day pop. experts say be cautious. names that have moved up so fast have farther room to fall. bill and kelly? >> seema, thanks very much. some of last year's biggest winners have turned in some of the biggest losers lately. dom chu, why have these momentum stocks lost, well, their mome

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. >> seema mody what's behind that move?> the biotext are the real culpri culprits falling for the second consecutive session. it began the plunge on friday when a lawmaker sent a letter to gilead sciences. alexion pharmaceuticals whose only approved drug costs $400,000 a year, bio gen and cell gene selling off. 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 is

sy, seema. >> hi, ross. that's right.rto rico is expected to sell those bonds today at interest rates far lower than investors had thought. and reports say preliminary pricing data circulated on monday show the bonds will be offered in a single 20-year maturity are yields ranging from 8.6 to 8.88%. moody's, s&p and fitch all cut puerto rico to junk status last month. the island has about $70 billion in outstanding debt and has long struggled with high unemployment, chronic deficits and growth that's been slowing since 2006. hedge funds are expected to dominate the sales today with many traditional muni bonds shut out on restrictions. a draft document released last week shows the bonds will be sold in denominations starting at $100,000. a level that would exclude most individual investors. analysts say lower yields are being driven by several factors, including its budget cap, and the general sense of relief that it has access to the debt market. just last week, the government hired a unit of a well known u.s. restructurin

seema mody has this report. >> candy crush priced at $22.50 a share, which is at the mid point of its plan, $21 to $24 range. sources say that would give king a roughly $70 million market value. jpmorgan and bofa merrill lynch all acting in this deal. investors expecting a pretty sweet listing. it has a user base in the u.s. and around the world. the game attracted 97 million daily active users last month. some of king digital's competitors include zinga, electronic arts and changu. king is expected to go public under the ticker symbol k-i-n-g. >>> as far as the agenda today on the states, we've got february durable goods out at 8:30 eastern. big ticket items expected to rise 0.8%. just one earnings report of note today, payroll processing firm paychecks and they come out with their numbers after the closing bell. >>> russia's military has held exercises in a russian speaking region of moldova which borders western ukraine. this comes after russia's ship off the crimea peninsula has been seized by the navy. russian sailors captured the boat last night. meanwhile, ukraine is set to ret

. >>> for a look at the markets, seema mody live at cnbc headquarters. >> good morning.utures now indicating a lower open. yesterday was an interesting day started in the green, stocks weakened throughout the session. nasdaq, tech heavy index, trading around 4300, it's posting its first four-day losing streak since last august. s&p 500 logging its first back-to-back losses in five weeks. so far this week has been a down week for wall street. the dow dropping 67 points in yesterday's trade. nasdaq down 27. now let's talk about starbucks. satisfied with the quality of your mocha latte, leave a tip for your starbucks barista. the tip option available on the iphone payment app, after paying customers can leave a tip between 50 cents and $2. 10% of all purchases made with a smartphone or tablet which i think you would find interesting, scott, in the tech world. >> thank you. never occurred to me, no tip. let's take a live look back at the san francisco fire. if you live in the strata apartments, nearby, you may go home now. that would observe kay. >> good news. they had to ev

>> all right, seema, thank you.olted out of bed this morning when a magnitude 4.4 quake struck just before dawn. it rattled a few nerves. on the sets of local newscasts as well. jane wells? >> reporter: brian, it's how we roll out here literally. the usgs is now saying that the early warning system for this quake actually worked. they found out the quake was coming a few seconds before it hit which was too late to let the rest of us know. >> coming up, more problems -- >> earthquake. we're having an earthquake. >> ktla anchor chris schauble's face told you everything you need to. this is the strongest quake in the city of l.a. in four years, but at 4.4 it's considered modera moderate. it was under the santa monica mountains which was an area that surprised seismologists because it's been quiet. the quake has now been nicknamed on st. paddy's day by perez hilltop as the great shamrock shake of 2014. >> it was kind of scary. we ran out in the morning. everyone is naked standing on the porches. >> i was thinking get up

seema mody, does a bad debut necessarily mean bad long-term performance? of ipos have slumped in their first day of trade. here's the thing. many have been able to stage a comeback. take gogo, for example. the in-flight internet player. it was down 6% in its first day. now up 34% as more customers bring wi-fi devices on board and use gogo services. william blair also says international expansion will be the opportunity or the catalyst that helps shares outperform in the coming months. avg tech, life lock, wife wave holdings have also staged a comeback after shares fell on their first day as a public company. it's a slightly different story for facebofac facebook, right? had a rough couple of months. shares did recover as it made a big push into mobile. and another trend that we noted, after these companies put out their first earnings report as a public company, more often than not shares moved higher, indicating that investors looked at the numbers, got more comfortable with the management, the street then felt more comfortable getting into these names. f

we've got joe tacopina, the taco, i've been told to call him and represented juroren van der sloot and seema, thank both of you for being here today. help me out, my law degree as i've said is dusty. let's go through the basics. i'll start with you, what are the key differences that could actually affect this case? >> one and most importantly, i wonder if joe agrees, we only have a judge here. in 1969, they've eliminated the jury system because of apartheid and the concerns for racism that would happen on a jury. we have only a judge here and another important difference is that when they say that oscar is facing life in essence, that actually only means 25 years. that's another key difference where in this country if you see life you're going to get life. another important difference is the appeals process, you are not guaranteed an appeal. there's no right to an absolute appeal. it's within the discretion of the court. >> in general, you want to go through a trial like this in the united states more than you do in south africa? >> for oscar pistorius, i think he may have a better chance wi

seema mody with those details. good morning. >> good morning, scott. at&t cuts wireless data charges for customers without annual contracts and the price to compete with t mobile, $25 a month down from $80 for two gigabytes, unlimited talk and text and 50 gigabytes of cloud storage. t-mobile is raising rates by $10 to offset of upgrading its network and increasing use. the move is unusual, the fourth largest provider which has attracted customers by doing away with contracts. and a check of the markets, futures lower. today marks the fifth anniversary of the bull market after the dow and nasdaq and s&p 500 hit multiyear lows march 9, 2009. get this. analysts say fewer than a third of bull markets made it through a sixth year. there is no data out today but look for reports on retail sales and consumer sentiment. >> thank you much. joining us after taking a look at the radar, busy woman is christina loren. >> usually i don't sit down that gracefully. like kerplop. i'm watching the radar. you got to keep it real on "today in the bay." and you know what,

seema, what's behind those gains? ignore the massive run we've seen in the social media space. the social media etf up about 8% this year, outpacing the major index indexes. there's one dominant theme driving social stocks. that's mobile. following the consumer shift to desktop to mobile, social media companies are doing a better job at monetizing mobile. although, we're still in the early stages. now, investors have been sharing facebook's mobile growth. the stock up 30% just this year. other big winners, pandora, yelp, and zynga. what about twitter, the hottest ipo of 2013? shares are down this year. double digits. remember, its earliest report disappointed the street. instagram users are expected to eclipse twitter users by the end of 2014. remember, instagram acquired by facebook in 2012. the race between facebook and twitter definitely heating up. bill and kelly? >> they are, seema. thank you very much.ç and on that note, yesterday on this show mutual funds legend bob olsteen warned about social media stocks lik

wall street hoping the latest jobs projection will spur investors, seema mody live at cnbc headquarters. good morning. >> good morning, scott. yesterday not the best day for stocks, modestly lower for the s&p, the dow and the nasdaq. invest terse reacting to some global headlines, desire appointing data out of china over the weekend, today looks like data on whole sale trade and earnings, and american eagle outfitters t dow dropping 34 in yesterday's trade, the nasdaq slipping by one. a lot of tech today. microsoft is releasing it's anticipated sci-fi game for the x box 1 with thousands of launch events all over the world. microsoft hoping that it will shoot life into x box sales which have been lagging. i got to ask are you -- do you play these? >> do you have to ask? yes. absolutely. absolutely. >> obviously you do. you are a tech master. >> well, and i -- yes. i'm a tech master. steama, thank you. i do play these games but x box one, not so sure we need it. >> a game player. 5:15. officials have come wake-up a plan to save millions of salmon from the drought. dry riverbeds make it im

seema mody is uptown following the big movers in the tech space for us. >> good afternoon.ng on yesterday's gains, the nasdaq now up about five points on the day. the big mover is facebook. the price target raised to $82 a share, saying that facebook continues to gain share of overall marketing spend. facebook outperforming its peers on today's trade. what's interesting is that year to date facebook not the leader in the social media sector. pandora is. that's right, the online radio player which was trading below $10 a share in 2013 now at $40 a share. analysts pointing to improvement in earnings as the catalyst. what's also interesting is twitter which was arguably the hottest ipo of 2013, is down double digits this year. its worst earnings report as a public company, disappointing the street. tyler? >> thank you very much. aq!e power rundown.e-out for bob and jane are hanging out with us tonight. topic number one, ben bernanke earning more money as a free agent than as a fed head. ben banking $250,000 for his first public speaking engagement in abu dhabi on tuesday. 201

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

touring the homes are seema mody and mary thompson.oin them on their tour. >> this luxurious estate is located on 2.6 acres in a gated community on a cul-de-sac and next to a nature preserve. it provides you with lots of privacy and serenity but if you want to hear the roar of the crowds, you're minutes which afrom a top rated basketball team. >> this traditional ranch style brick home sits on three-quarters of an achor in a quiet neighborhood, but it's just five minutes away from a vibrant downtown and the university center. >> this 5,000 square foot house has a top of the line kitchen with an open layout granite countertops, stainless steel appliances. it's surrounded by a breakfast bar with plenty of room. >> this 5,400 square foot home is built for entertaining. this kitchen has state of the art appliances and it's centrally located between the dining room, living room, and nook. >> this five bedroom 4 1/2 bath house has an enormous master bedrooms with a gas fireplace and remote controlled shades. the master bath has a doorless wa

for the rest of that and the news before the bell we'll turn to seema mody live at cnbc world head quarpters. good morning. >> that's right. traders awaiting the jobs report out before the opening bell. traders setting the bar low as they expect hiring was again impacted by winter weather last month. forecast calls for companies to have added 152,000 jobs last month and unemployment to tick down to 6.5% in terms of how we ended yesterday the dow in the green t nasdaq slipping by 5, companies underperforming yesterday. americans household wealth jumped $10 trillion. that's due to booming stock market and rising home values. household wealth measures real estate, stocks, bank accounts and other assets minus mortgages, credit cards and other debt. the irs says the average tax refund this year is more than $3,000, survey shows most americans plan to use that to pay down dent. younger people are likely to spend on shopping or going out. more people are doing their own taxes and efiling this year. >> you know it's funny when i do my own taxes i get a refund of like $50 million. i know it's great.