when the aircraft is 30 minutes outside of the coast, they all the transoceanic flight. it will be at 2000 at various altitudes. it is all procedural base. it is not radar-based at all. >> communications between malaysian civilian and military air traffic, what do we know so far? >> this was the area where we have a big void of information. if you look at the point where the aircraft turned about, it is just before entering vietnamese airspace. there'll be a handover for malaysian airspace and malaysian authorities. willietnamese authorities ask to put a unique clearfication, identify, it into the airspace, and continued en route to beijing. the transponder was turned off. ist i would like to see more what emergency procedures was taken by the malaysian air traffic authorities to ascertain what happened to the aircraft when the transponder was turned off. it would not have disappeared off of their radar. anything that would have alerted other sovereign radar systems? other sovereign radar systems have generally what is called , andhad -- iad integrated air defense system

and, scott, you should know right behind me is a rig, big rival to transocean. >> sounds good.im, you have a great show tonight. again, "mad money," jim cramer talking exclusively to governor jindal down there, halliburton president jim brown, nucorp ceo about the energy revolution down in louisiana. look forward to that this eching. coming up next, pete has his eye on some big, big bets in the options market. we'll talk about that in unusual activity. and we'll talk to carl icahn after the break and more about e-bay. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...yee oes. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. peace of mind is imp

david: transocean and sea drill. remember those games, according to jeff reeves.ery much. >> good to be here, thanks. david: secretary of state john kerry talking tough about the crisis overukraine, well, kind of. is anyone in moscow listening? sandra: hello? david: we'll go to correspondent in the ukraine capitol of kiev to find out who is winning this high-stakes poker game. sandra: remember this hilarious radioshack commercial from the super billion last month? it may not have been enough to turn the embattled electronics retailer around. you saw all the cam most. you saw it, david? david: yeah, i did. sandra: radioshack's latest recovery plan after this. ♪ sandra: time for a quick speed read of some of the day's other headlines, five stories, one minute of the first up, facebook in negotiations to buy drone manufacturer titan aerospace. according to reports the social networking giant is aiming to use the drones to beam internet connections to isolated regions in developing countries. >>> radioshack closing 1100 stores after sluggish holiday sales. sales at st

transocean trading at multiyear lows. dan's at the smart board. is making new highs today. transocean, as you said, look at this chart right here. it looks like a disaster. the options trade 2 1/2 times daily volume. what stuck out to me was bearish activity. there was a seller of may 46 calls. but there was a buyer of the may 41 puts. and when you look at this chart right here, here's the one year. in stark contrast, this thing has stuck below serious prior support. when you look at a ten-year chart. the ten-year chart, it is banging along the bottom here. the break-even on the may 41 puts is below the ten-year lows. and here's the last point i want to make when the buyer of those puts was probably looking to make. this is the price of options on volatility. it's still relatively low here. in some ways, this could be a better way to press a short to the down side, to find your risk, rather than pressing the short in the short stock position. >> what do you make of the fact that they are selling rigs in one of the worst markets in a long time? i a

there's 2 playsrig, transocean , and diamond offshoredothat we've been seeing huge institutional put buyers come into the market and getting short these names as they make new 52 week lows. so while looking for short positions to hedge my book, i want to follow these plays that institutional money is making. >>why are they so weak? you would think that would be maybe a good part of the market. is it because the economy is slowing down? >>we're all worried about a slowdown in china. obviously the situation in the ukraine and russia is having some effects on energy prices and there's a lot of uncertainty surrounding those particular markets. the market hates uncertainty even more than bad news. bad data out of china and some huge uncertainty and headline risk in the ukraine is going to put downward pressure on these stocks. as they continue to make new lows the momentum picks upwhen i see institutions selling into that downward momentum it's just a big red flag that i want to consider short positions in those names. >>we appreciate you being on the show today. thank you james. >>thank

transocean, 15% so far this year. i don't know if you're brave, maybe you weighed into it or maybe not. >> thank you very much. josh brown, health care or energy? better play right now? >> i think this actually really easy discussion. if you're a trend follower or a short-term investor or trader you're in health care. stock -- i said yesterday the whole sector looks like google. it's just incredible. you've got a lot of tail wind at your back fundamentally. however, if you're an investor and you have a long-term perspective it's clearly energy. this is the cheapest sector on a si sick cli adjusted. it's double. not even close. i think you have to figure out your orientation and choose accordingly as a result of that. >> i think when you look at the set-up right now i want to take money out of health care and move it into energy for the reason being forest labs up 65% year to date. it's going to be tough to duplicate those type of returns. i think you've lad a huge move in the health care sector. take some of that mone

so my biggest short position actually rigged transocean and it seems like it wants to roll over but in the last couple of weeks it's been pretty strong. it hit the 52 week lows. we saw institutional put activity. diamond offshore is another name i'm long puts in. the chart looks very weak but it has rallied for the next couple of days. i think the market wants to roll over. we've seen the s&p in a 50 point range over the last 6 weeks. the end of the quarter is today so we should see maybe some sellers on tuesday. >>and we hope those trades work out for you. thank you. >>thank you. coming up tomorrow ...hack at hand. how to protect cell phones and tablets from cyber criminals. plus, our coverage of janet yellen's first trip to the windy city. that's it for now. from all of us at first business...have a great start to your week! >> announcer: if you're looking to make more money and take control of your personal and financial future, then get ready, because than merrill, the star of a&e's hit tv show "flip this house," one of the most successful real-estate investors in the country and a

transocean down now it gets despised? this action is precisely what i don't like about wall street.lysts tend to be trend followers. and while the offshore plays are ice cold, i question the value proposition of the hot names. the companies may have yields that seem outsized but given that ensco cut its dividend, i'm not worried, they just raised it. you can go with what is steaming hot or you can go with value and wait it out until the big programs take in from brazil and mexico knowing you have these large dividends in your favor. you can draw it out. rich quickly. me? i'm happy to get rich carefully. i'd much rather by a balancing bottom than get eviscerated. stay with cramer. [ male announcer ] meet jill. she thought she'd feel better after seeing her doctor. and she might have if not for kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. every year, millions of americans just like you learn that a little personal information in the wrong hands could wreak havoc on your life. this is identi

transocean down now it gets despised? this action is precisely what i don't like about wall street. trend followers. and while the offshore plays are ice cold, i question the value proposition of the hot names. the companies may have yields that seem outsized but given that ensco cut its dividend, i'm not worried, they just raised it. you can draw it out. i know wall street wants to get rich quickly. me? i'm happy to get rich carefully. i'd much rather by a balancing bottom than get eviscerated. stay with claimer. ramer. >>> happy st. patrick's day. remember, this was almost an all-froth show. we're monitoring froth. right now it's not going over the sides of the glasses. when it does, we're going to be right in front of you saying enough is enough. hasn't happened yet. it still cordoned off. i do like, by the way, that the industrials snapped back today. i hope it wasn't all short squeeze. it did seem to be heavily motivated by shorts covering, though. there's always a bull market somewhere. i promise i'll find it >>> after the crimea votes for russia, president obama's sanctions w

but you will see the way business is done transoceanically. >> thank you. >>> and turning now to the other story breaking overnight. a stage collapsing in the middle of a high school performance. dozens of students taken to hospitals. and what went wrong. and we have more. good morning. >> reporter: good morning, bianna. it was a scary and chaotic time for the dozens of girls performing on the stage when it collapsed. and for the hundreds of family members in the audience looking on. caught on camera. this morning, frightening moments as a stage collapses at servite high school in anaheim, california. >> high school stage collapse. >> reporter: look again as the stage comes down. >> the stage -- the stage platform came down. it folded right in the middle of it, and the girls dropped, all the ones in the front dropped ten feet into the pit. >> reporter: it was annual musical theater challenge when the accident happened. cell phone video catches the stage falling out from beneath the students. 24 students were take ton area hospitals with minor injuries, possible broken bones, bruises,

but to understand the way radar works working at 200 miles off the coast if it is parking on the transoceanic flight it will not be spotted on radar or secondary radar. so they have what is called the synthetic air pitch that the jet skidded a slightly different definition. s.c. aircraft approaches at 200 whales the transponder is picked up again so i want to know actually where was the transponder lost? if it was off the coast of malaysia that is the higher the likelihood it was turned off outside of to madrid while sick and also just drop off radar. lou: also the basic radar on the coast to paid to the aircraft. just about everyone that i talk with says it is unlikely we will see that occur anywhere in that region it is unlikely there arabian operator so attuned that time that they would be looking for a picture on the screen. >> that is a good point. take the area off of the tip of austria. i would want to find some of the wreckage but i would draw a line from that area back to the last known transponder point in that line the jet would have to follow with a previous analysis they wed fly

civil aviation authorities mandated the use of deployability flight data and voice recorders on transoceanice are -- they're available they've passed the test, they all to be put on these planes, because, you know, this is going to be weeks and months before we find these recorders. >> which actually would make my next question more easily have an answer to it. if this plane turned around peter, how much more difficult does it make it to try to find its whereabouts now? >> extraordinarily difficult. the plane was at the outer limit of the radar's capability of monitoring it. the further away you are from the unit the less accurate it is. if the plane turned around and went d6> but this absolute radio silence, not just commune caution with an air traffic control tower, but no black box, no ping, there's nothing of an audible sound

transocean upgraded to neutral from sell over at citi.m also increasing its price target from $41 to 41. juno upgraded at wells fargo. that firm saying they will benefit from a stronger spending environment. ty, down to you. >> all right. thank you very much, sue. we are just minutes away from the fed's decision on interest rates. in about half hour, 40 minutes or thereabouts from janet yellen's press conference. we'll talk about that and more when "power lunch" continues in two minutes' time. two minutes' . thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10

that spill could be the difference between bp, halli burton, and transocean.re is a considerable financial risk at play. a dollar in charge of or two, if she is saying this is constructive, then that carries across the -- across. there is still financial viability -- that is the understatement of 2014. there is still litigation risk here. >> thank you so much. manus cranny on bp. we will cross back to him throughout the day. the world watches as crimea recessionr sunday's vote. we will break down the implications. stay with "on the move". we are just getting started. ♪ >> book him back to "on the move." markets are the doing 30 minutes into the trading day. it is an important market day because of this friday. we have a big correction over the last five days. here is how they are shaping up today. there is quite a lot of volatility. seems to be fluctuating. ibex is down. chinese estimates yesterday. this is overshadowing the improvements that we have seen in the u.s. economy. as with the currencies are doing. the eurohe lookout for dollar. itsend is looking fo

we've had an increasing amount of transoceanic service.very difficult. there are technologies available that could track airplanes in these kind of dark spaces so that we would not have to have these long periods of agonizing search. you know, one thing commercial aviation can't stand is a vacuum. neither the manufacturer nor the customers can stand having a mystery about a major work horse aircraft like 777. they've got to get to the bottom of it and they've got to do it quickly. >> the other thing the industry doesn't like is additional cost. where do you stand on the technology, possibility you can continuously live stream critical data from planes while in flight to a satellite and then to the ground rather than having to retro actively look for a black box somewhere at the bottom of the sea? do we need to raise the bar here and demand greater investment from commercial airlines? >> absolutely. there are two technologies. one is live stream, the other is deployable flight data recorder that, if a plane goes into the ocean, the black bo

it is time to implement that capability on transoceanic flights at the least. with that is it's going to cost them a lot to retro fit planes and they have to build station where is they can monitor and process, etc. they would also have to stream line the data on each flight. they record hundreds of what they call parameters and information on speed and location. they do it repeatedly. they have to figure out a way to stream line it and include the basic facts of where the plane is going, what's wrong and only in an emergency situation. >> we were talking about this before we came on air. when you talked to experts, it teams to me they know more and you can send the simplest data and location and speed so you know where the plane is. why is that such a cost and technical infrastructure issue. >> you are talking about a fleet around the world, maybe 15,000 planes and then you have to build stations on the ground. the technology is there to do it, but the airlines don't want to spend the money on it. you have to factor in you only get this maybe once a decade. we

you were talking about walmart entering the video game business and transocean up a little bit but thereve comments on deep water drillers in "the journa journal". the new york attorney general eric schneiderman gave a speeching about the high frequency trading and commenting about it and saying he wanted to look at several things he wasn't happy about, specifically he wanted to talk about collocation services and supported a bead bump, that's what he called it. collocation services allows subscribers to locate their servers by the exchange's servers, an interesting question and nobody should be given unfair advantage. how many of these clients actually access the collocation? i think you'll find if you look at it that even people that use discount brokerages, charles schwab, for example, and td ameritrade, people that execute their trids use collocation. in other words, almost everybody who is anybody and important in the business actually uses collocation. it's not just the high frequency traders although if it's an unfair advantage i think it should be eliminated. i'm not sure it is,