today. >> it certainly has, ty. i think as economic uncertainty stemmed from europe. we're seeing a bid here in the gld. that's the way you can play the gold here. that's the etf. i think we'll see a pop to the upside as long as it holds 1523. >> see you tomorrow talking more about europe. that will do it for this day and "power lunch." >> have a great afternoon. "street signs" begins right now. a vote that could decide greece's future, it may determine whether greece stays in or gets out of the eurozone. leaders there hanging on the edge. your money hanging in the balance. bill gross and a big-time greek insider are here to tell you how it's all going to go down. plus, five mid cap stocks that have bucked the down trend including a very surprising internet name making a big-time comeback. think your job is hard? we're going to take you inside what it really takes to run a

massive military ship. and, the little monsters be the next big thing in social networking? we'll explain, mandy, that rather odd tease in just a bit. here's a hint, think lady gaga. >> that's a good hint, brian. hello everybody. back on our fourth day on wall street today it's got stocks on the downside as we speak. the dow has yet to put together as much as a two-day win streak for the month of may. positive run is in danger of ending today. and the nasdaq, it's on a different sort of streak. it's been alternating between gains and losses for five sessions now including today's. let's get down to the floor of the nyse. bob, i hope it's not athens once again stolen our mojo. >> you know, the euro has moved -- just take a look at the euro. i know you're all tired of hearing how we've been influenced. we don't have the charts, but trust me the euros moved to the low for the day.

there we go. see how that works? it's been a lousy month, but it's been a good week. the s&p is up almost 2% on the week. 1.6% at least. and there is some arguments we made on the bullish side. mandy, some people think greece is going to stay in the euro, that they're going to successfully keep greece in the euro, that they're going to be able to recapitalize some of these european banks. i think it's a pretty tall call. there are some contrarian plays out there. and facebook has become a boring stock. good heavens, $32 for several days now. the volume, look at this. straight line. the volume has dropped off dramatically from the first two days of trading. just an observation. >> facebook is so last week, isn't it, bob? thanks so much for that. now to brian shactman for a market flash. >> thank you, mandy. j.o.y. is the ticker, two price target reductions today and the stock getting thumped on about 6%. interestingly enough william blair, 90 a target from 105.

jpmorgan 85 from 92. still huge upside though. it's an interesting call, sully, when the reduce price target but still incredible percentage increases they see in the stock. back to you. >> not a lot of joy there. thank you very much, brian. well, after two plus years of twisting in the wind, it's all coming down to what we're calling g-day. a massive vote june 17th that may very well determine the future of greece and eurozone. most believe a greek exit will crush your money, but is there another side to the story? and what does a true greek insider think? joining us by phone founder of the investment holding firm i group. he's one of greece's leading investors and also joined by pimco's bill gross, who needs no other introduction and also our very own michelle caruso-cabrera who apparently has her own apartment in athens. thanks very much. i know it's chaotic and busy there. what's going to happen june 17th? will the greek people vote to essentially stay in the

eurozone? >> i think that we saw that in the last elections the greeks are definitely going to vote to stay in the euro. the problem is that the -- it's a binary election. one way we stay in the euro, one is we can sustain without following measures. it's a bit chaotic as we speak. >> i think what's interesting overnight is that the bund es bank say it may be better if greece leaves the eurozone. do you think there's any argument to that? >> well, i think we see an argument to that effect, mandy. and i'm not sure that greece has the luxury of time to wait, you know, for another election next month. perhaps they do. but exit plans are in the making. and the bundes bank, speaking to an exit plan is just one of those policymakers have that done so, the spirit of which is affirmed everywhere. but in greece, today for

instance on the federal reserve, you know, governor bullard said an orderly exit was possible and a russian banker said it was a necessity. they come out of hiding and sing the same tune, you can be sure what the melody is. and the market should hum along with it. >> you know, i really worry about -- i know michelle caruso-cabrera's been there. she's going to get in with us too. 30% upwards of greeks support the far left party, the leader of that party has basically thumbed his nose in large part at germany. i don't know what germany is going to be able to take as far as this action goes. where does this end? what do you see as the end game here? >> well, there has to be a very clear decision. if the greeks voted fine to go in that direction, i think that the exit from the euro's going to become a reality. it's time to act. liquidity's a mess. tax collection is falling down. privatizations are not going

ahead. actually, we're hearing from that party we're going the other way. we're now nationalizing. and you have a state of paralysis. so it's time that we get action or the end result as bill was saying is probably going to be unavoidable. >> yep. bill gross brought up a point. he said they may not have the luxury of getting to june 17th for the election. the money leaving the banking system has been so dramatic over the last couple of weeks that the decision may get made way ahead of that, right? because at some point if you get to the point where the banks are nearly insolvent, the ecb has to decide what are they going to do. are they going to keep backstopping this cash? >> aren't we almost there? don't a number of greek banks have negative equity? including maybe the national bank of greece. >> four of them were recapitalize overnight. so presumably things are better. but, if we keep seeing deposit outflows, if god for bid we ever see runs, the decision will be made a lot faster because collectively europe's going to have to decide, are we backing their banks? are we backing their money or

not? >> beyond what's going on in greece, what the markets are really scared about is the european banking crisis. after greece who would be next? if spain defaults, for example, there's so many european banks with exposure to spanish debt. >> you heard, should it be orderly or not? are you going to make a collective decision you're staying in and backing? or is it going to be just a mess? >> bill, is this potentially a lehman moment? >> michelle makes a great point. let's put the stakes on the table. there's $400 billion worth of assets either publicly held by the ecb and others and privately held by banks sochlt if there's an orderly exit, what does it mean? it basically means to me that they exit the euro currency in an orderly fashion, perhaps a 50% devaluation. and they affirm all of their liabilities in the process. that perhaps would force a loss

of $100 billion to $200 billion on institutions. what's a disorderly exit? it's basically a 50% to 75% devaluation. and basically greece saying in terms of their $400 billion of liabilities, we won't pay. so there's orderly, there's disorderly. >> bill, i wonder if orderly is at all possible. the minute they say we're going to do an orderly exit, if i'm a greek person, what do i do? i go and take my euros out of the bank, right? it forces a horrendous situation. i don't know that it's possible. you've got to do it on a saturday night in secret. you don't necessarily have that much time. i mean, it's potentially a mess. >> i think you make a good point. and my point as well. but it may not necessarily be decided at the ballot box. it's decided at the atm machine. >> exactly. >> in athens. so to the extent that those machines are drained of euros, then at some point, you know, the exit becomes necessary.

a long weekend perhaps makes it orderly. but perhaps not. >> anatsios, you're in athens. you're dialed in. is there a bank -- >> it was very scary what was happening this week in the banks. the outflow of deposits and people being worried is something that is extremely worrying -- alarming i would say at this stage. and we're talking about what will happen. if talk continues and there's no action on the greek side, i think that the exit of the euro's becoming a self-fulfilling prophesy. so i feel there's definite measures to stop that if at all possible, or if this continues the self-fulfilling prophesy will happen sooner rather than later. >> the greek people new polls are showing largely 80% plus leaving the euro. but they're also against austerity. how do the greek people settle these differences? >> i think the way they settle

these differences is they cannot tolerate more taxes. i think that, you know, the model of taxing yourself to -- is not working. and the key i'm not sure is in more taxes but rather is making the bureaucracy more efficient and copying down on levels of spending and the size of the government. so the element that needs to happen here is the actually painful decision of stop spending, which is unpopular, but you cannot continue raising the taxes. >> between a rock and a hard place. bill, i have to ask on behalf of the viewer who is at home or in their office watching this right now and they're saying how do i, as a u.s. investor, reconcile all of this information about greece and potential banking crises in europe with what i need to do with my money now? >> well, i think, mandy, it's a global crisis from the standpoint of too much debt and delevering. greece is just the focal point for that at the moment. but it's a continuing process. and that's why you see gold down. that's why you see oil down. that's why you see stocks down. that's why you see risk assets

down is because there's delevering and money is basically fleeing the center. you know, for instance in greece, it's running to germany at 0% for two-year obligations. so, you know, that's the process. what should an investor do -- >> how do you protect against that? all the risk assets are going down together. you said even gold a traditional safe haven isn't a safe haven anymore. what do you do to protect against this? >> it's what we call the cleanest dirty shirt. at the moment the cleanest dirty shirt is the united states, it's treasuries. it's those 1.75% 10-year treasuries definitely overvalued but in a time of crisis appreciate in value or at least hold their value. >> one year from today, i know you're a betting guy, you're a financier, that's what you do in large part, one year from today, will your country be a member of the eurozone, the european monetary union, will you have a euro or drachma? >> my bet would be that we will

have a euro. it's going to be very tough. but i think there is going to be action in three weeks. i think that at this stage an exit of greece from the euro cannot be orderly. it will be very disorderly and very messy, therefore a solution needs to be in place. >> i hope that wasn't a freudian slip earlier. >> what could be a solution here? >> oh, they'd have to be really creative, right? at this point if i were the dictator of the european union, i would say, you know what, the chances of greece paying us back are pretty minimal. so what i would do is say, okay, every single bullet point of competitiveness that you increase, we're going to forgive you 5 billion. for every single time you manage to make your country better as an economy, we're going to forgive you more money. >> would that work? would that work? would the carrot work better than the stick? >> i think it has to be a combination, yes. you definitely need some action from greece.

and it will be delightful even the business environment is looking for that. but there has to also be a carrot. >> yeah. if not the carrot, just use a big stick. >> you asked a good question to him before about how do you reconcile the fact they want to stay in the euro but don't want austerity. it's amazing when you talk to the leader he firmly believes the european union is terrified of greece leaving and they have leverage to push them to the edge and get more out of them. >> it feels like they want to have it and eat it too. >> he feels they're wrong for the economy but certainly thinks they have leverage. >> michelle, thank you. bill gross, thank you very much. all appreciate it. thank you. >> by the way, there was a chrysler ceo on earlier today. stop complaining. just get on with it. which i think is kind of interesting. >> are we allowed to say that on the air? >> why not? i'm australian --

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all right. welcome back to "street signs." i'm scott wapner. some more color of exactly what's going on behind the scenes as the facebook fallout continues. this from the new york stock exchange. according to a source, amid reports that it's actively trying to lure facebook away from the nasdaq, that source telling cnbc that the exchange is "accelerating its efforts to talk to companies who've recently filed plans to go public and are either on the fence about where they'll list or have chosen the nasdaq already and may be inclined to reconsider." at the same time the same source tells me no overt pitches have been made to facebook about its listing because it would be "inappropriate at this time." the source does tell cnbc that facebook itself has also not contacted the nyse about a switch. and earlier today as you know i reported that nasdaq officials

are said to be concerned about the lasting impacts of the problems surrounding the facebook ipo and of the possibility of losing facebook outright to its rival. so, guys, i guess you take from this that the nyse may not be contacting facebook directly, but it's targeting everybody else. >> yeah. feels like ipogate at this stage, doesn't it? >> do we know, scott, in any listing agreement if there's a minimum term like you're locked in for a year like a lease on an apartment in new york? >> that's one of the questions that matters most in this whole story. we're trying to get some color on exactly what the individual contracts say. don't know if it's like blanket language across all of these contracts for a set period of time or if it's a per case issue, but it's one of the key questions that still needs to be answered, bri. >> great reporting. hope for more. >> one of many questions that need answered at this stage. >> there will be books about facebook. this camera? there we go.

a lot of pain in the markets the last couple weeks. what we try to do is find what i called yesterday in a team meeting the outsider so we're calling it outlie ers. skyworks, catalyst health solutions up 67%. look at that name, mandy. aol. >> can you believe that? i had to do a double-take when i saw that 82%. >> and then the best performing mid cap 400 name this year, vertex considers what has been an unreal run in biotechs. >> the reason we're focusing on aol is because the stock is hitting a two-year high today as well. why? why the sudden turnarounds? joining us is barclays anthony decla mente. anthony, to you first of all. what's made this stock go up by so much? >> the company's got a lot of operational momentum.

they've guided towards revenue growth. they've raised guidance for profitability. there's a lot of brands within aol that are working. people think of aol, they think about the old dial-up access business. they think about the worst merger in corporate history. there are some brands like "huffington post" like patch helping drive growth. the company's guided towards revenue growth. one thing they did recently is sold a bunch of patents to microsoft and announced that all of that billion dollars would get returned to shareholders in the form of a buyback. so that's what you see in the price action of the stock. but i would note that even pro forma, that transaction, this is a company that trades at only three times its operating profits. so there's this huge polarization in the internet, these really overly valued names and some names really underrecognized. here's a name that trades 3x and growing revenue growth into the second half. there's probably a misunderstood or underappreciated story. >> ben, i thought the global display business, basically the ad revenue was declining year

over year. >> yeah. i think they've done a lot of very important things, the patent deal being the most important for them in what's been driving the stock out performance. the spla business is much more challenging. where we're on the fence is convince investors they can actually make content on it profitably. there's still a lot of work to be done. they're certainly going in the right direction. to management's credit, they've delivered on a lot of what they've said they're going to do. can they continue to drive and make that profitable? >> i'm going to add to that. how great is it a challenge to monetize mobile? we've been talking all week about how facebook essentially faces this cliff of making the transition over to mobile. isn't this something aol would be faced with as well? >> yeah. i think they have two challenges there. one the monetization challenges everyone has, but making sure everyone's still using their brand and accessing aol content on mobile devices. they have not been a leader and i think we need to hear more

about what their strategy is to drive content on mobile devices aside from the monetization piece. >> anthony, quickly. we've got a fight here like yahoo! and dan loeb. star bird coming in demanding seats on the board. there's a fight. is there going to be an activist win from change holders just from being pressed from outside investors? >> i got to tell you as somebody that analyzes the company and the stock, i think leadership is taking the right steps. i think the current leadership has done a lot in terms of patent sale to deliver value shareholders. ben's points are well taken but the fact is display is growing. it's not growing double digits, but you still have a very attractively value name. and i think management's done some things, whether it's to help give a jolt to the operating momentum or to cut costs. and that's what we were referring to on the guidance raising profitability. they've done a good job. >> right. >> i think that aol's got a lot going for it. and it's got some momentum here.

no, it's not a high-flier. it's not a fast growing company, but it's one of the deep value names that no one would almost think about buying. but because of the profitability and the multiple, it may be worth a second look. >> okay. anthony, you've got a hold target $31. ben you have neutral target at $28. thank you, guys. just ahead on "street signs," just when you thought things could not get worse for rim, it does. we're going to explain the new black eye for blackberry. >> the gift that keeps on giving. and i. crew. we'll take you inside a little known link between khaki pants and ipods. david faber will explain the mix coming up. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide.

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i think we got to stop. it's a very easy thing to do. belly aching is, you know, you don't have to take a course in this. it comes natural to a lot of people. there's nobody belly aching in that plant. i can tell you. these are people who are proud and committed. and the future is built on that kind of attitude. not on a negative side. europeans should listen. >> there you go. as i was saying some very blunt words from the chrysler ceo or fiat chrysler, sergio

marchionne. europe is fragile at the moment. already lost about 1.5% so far this week. it's now, folks, currently at a 22-month low. are you gloating yet, sully? i think your prediction -- >> i'm way off, still. >> you're about five cents off. >> i see parody coming at some point. i have to admit something, on the air it's like dr. phil moment. i'm got a bromance on sergio marchionne. talk doesn't solve problems. >> block out the noise. try and get on with business. >> good for marchionne. >> you can hardly mention retail without bringing up steve jobs and when apple was ready to develop its iconic store, jobs called in retail legend mickey drexler, now the ceo of j. crew, to lend a hand. david faber explains. >> reporter: in 1999, drexler's grasp of cool and his retail savvy caught the attention of

steve jobs and apple. >> very pleased to announce that mickey drexler, the ceo of gap inc. has joined our board of directors. we've got a great board. and mickey's going to make it even better. >> apple wanted to go into retail, so i joined. and i watched him become the best retailer in the world. >> reporter: drexler even helped jobs get the apple store off the ground. as the executive in charge of that effort, ron johnson saw firsthand the qualities that led some to call drexler the steve jobs of retail. >> they're both fabulous marketers. they both understand design. and they're both incredibly intuitive. i think mickey saw the apple board as like going to college on how to be a ceo. >> yeah. interesting stuff, david. >> yeah. people forget about the connection between jobs and drexler. and of course he still serves on that board as mickey drexler, the apple board. which has not gone too badly one would say in the more than ten years he's been a part of it. >> not too bad. what'd you think of the guy?

he's considered the most retail gener genius in the world. >> his generation many would say. the gap turnaround certainly being one of the key things. and what he's done with j. crew. extremely approachable person and human being. somebody very easy to talk to. incredibly curious. if you have to go back to any number of things, of course his gut, instinct in terms of what works clothing wise but also his constant curiosity and asking questions certainly the keys to his success. >> and we're not doing this just for fun because we have j. crew and the man who dressed america it's your special program -- >> you're talking about dressing america. were you in france? >> we were in italy. >> italy? >> yeah. we went there because that's one of the mills where they get the fabric for their high end shirts. >> was that your excuse. >> we had some great ice cream. little pasta. not all bad doing these documentaries. >> i got him a thai spa to

investigate milk worm oil. >> they know how to dress, live, eat. no wonder sergio is saying stop complaining and get on with life. >> all the way back to him. well done. >> thank you. 360. again 10:00 p.m. tonight. >> yes. that's correct. >> there's a new fresh prince in town. prince charles. on the one and the two. the prince hit the booth and scratch and fade during a visit to canada. cloud coming over i think is how he said it. but look at that. what's he going to do next, sully? >> what's this black thing that makes noise? >> why don't we invite him to come and be co-host of cnbc's "street signs"? >> prince charles, if you're watching, it's an open invitation to co-host any time. i will wear a mascot. >> home depot shares are up by

1%. >> all right. up next on "street signs," we will stop making fun of his royhigh nesz. our tease coming up. >> and yesterday we talked about how facebook needs to find the next big thing. you'll see how lady gaga may have beaten him to the punch. we're going to take you inside coming up.

today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers.

let's talk some street. our first stock today is not actually doing so well. do you feel it's got a case of the blackberry blues. >> you know, research in motion, our old friend. keeps giving. the company says the global head of sales has left the company.

also an article in "the wall street journal" that blackberry messenger, the one thing people love, really, is losing dominance. that's a bad thing because it was considered largely a bit of a building block for this company's next operating system. stock down 23% today. >> a moment ago we were talking about aol and incredible recent rally as we noted, but there's another stock we had to do a double take on and that's u.s. airways. >> yeah. what's going on here? the stock has doubled this year. jpmorgan raising the target part of a broader call by jpm raising targets. but for me, u.s. airways, a lot of talk maybe they'll buy american airlines. maybe they've made overtures. l.c.c. more than doubled this year. who knew? i didn't until this morning when i looked it up. >> now you know. classic american designers giving one company a boost. look at that. >> some people i've heard call pvh the old phillip hughes maybe

ralph lauren. >> it's the same sort of category, the nice preppy look, clean cut. >> and they're doing well. not only did they beat last quarter, sales for calvin klein and stop using me in your underwear ads before informing me first. >> a for the bigger man. >> tall and fat. anyway, pvh stock up nearly 10% year-to-date. >> investors not -- >> not nice. pandora soaring after reporting a loss of what was half than expected. sales growing 58% year over year. raised full year guidance. stock back to being positive. more people are signing up for pandora. >> i love pandora. >> do you pay? i pay the $39 a year, whatever it is. fewer commercials, more skips. >> yeah. i don't pay. sorry. diamonds are still a girl's best friend. >> but not an investor's best friend today.

signet down almost 10% here. same store sales growth weak. by the way -- first off blamed calendar where mother's day fell, which seemed to come earlier. >> that's a fallback. if it's not the weather, easter was earlier, mother's day wasn't quite on the right sunday. >> exactly. but they did blame europe in large part. >> a lot of companies blaming europe. >> staples blaming europe, remember? guess said sales down in europe. that's why we care. >> meg whitman's comments about europe. >> it's not just a nice state, europe. >> okay. theme parks, six flags has been reporting really strong earnings lately. that stock is up about nearly 20% in the past 52 weeks. so let's bring in six flags ceo jim reid anderson. what's behind the big boom we're seeing in theme parks? does that basically give the idea that the american consumer is back? >> mandy, it's a pleasure to be on the show. and i would say that theme parks

great place to invest. i think the industry especially the regional theme park industry is really a solid industry. we've got a higher occurring revenue. we're in a position where we generate a lot of cash flow. and we offer such a great value for the consumer in a tough economy. i wouldn't go as far as to say that the economy is back. we're seeing some good signs. but we're very well-positioned, i think. >> and you have a leading indicator, jim. how are season pass sales tracking? >> brian, you set me up perfectly. they are tracking extremely well. our season pass sales as we go into the second quarter they're up 18% on prior year. and that's a signal of hopefully very strong attendance to come. >> hopefully strong attendance. so i want to ask you, therefore strong enough that you feel you might be able to hike prices? earlier this week we were reporting to our viewers there are a couple disney theme parks hiking their ticket prices for the summer. will you be in a position to do that as well? >> you know, we took pricing in the second half of last year.

and, again, with the tough economy we're being a little bit cautious about, you know, how we approach pricing. we'll judge how the summer goes. and if we decide to, we may do something later. you know, we're in a position right now where we've taken, you know, we've had eight consecutive quarters of growth. we've almost doubled our ebitda within two years. and our stock price is troubled. we see plenty of opportunity through a variety of initiatives to drive the share price -- >> just to reiterate, season pass sales are up 18% year over year. i'm blown away by that number. >> yeah. and i would say to you, season pass is a tremendous offering in a tough economy. and we've got new things in every park. >> i'm going to find out. i promised my kid we're going to jackson, new jersey, this summer. safari, the water d -- >> my kids go mad too. >> you both will be thrilled because we have five new shows

or rides in that park. and i think you will be really enjoy it as will your children. >> looking forward to it. i believe your guest satisfaction is at an all-time high. jim, thank you so much for joining us. >> thank you both. it's a pleasure. >> all right. up next, speaking of feely deeply satisfied, how about deep fried girl scout cookies, a disaster in the cloud and some sunshine from the lab. >> at least you said girl scout cookies. >> come on, boy scouts. >> we take you aboard the uss wasp to see what it takes to keep things shipshape. it's in the new york harbor for fleet week. stay tuned. how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me.

we built a guitar, we did things with electronics and mother boards. that's where the interest in engineering came from. so now, as an engineer, i have a career that speaks to that passion. thank you, mr. davies.

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and t.d. bank making a big push into the mortgage business. is it working? and is it another sign that the housing recovery is for real? we will ask ceo ed clark in our exclusive interview coming up. maria andly see you at the top of the hour on "closing bell." >> thanks so much, bill. >> we have a special treat here with us as well. we are honored to have lunch today with a bunch of armed services veterans, current members also reservists here. members of the navy, members of the coast guard, members of the marines. no army here today but part of nbc universal's salute to hiring. and we have hokie in the house. i like you best. >> at a time when everyone's in uniform, the uss wasp where we find our diana olick live. what does it take, diana, to run a really huge and amazing ship like that? >> well, mandy, the captain of

the uss wasp says this is one of the most capable ships in the world. it's not a destroyer, but it has state of the art technology. and its mission is to project force ashore and humanitarian aid. that means a whole lot of jobs for sailors. >> we get the young sailors, new sailors to the navy right up to the fleet. they come with apprenticeship-type training and then get hands on training with the equipment, the gear, the stuff we use to make the ship -- >> this ship is incredibly well-equipped. the jobs begin on its airfield. 140 sailors work, some of the newest in navy air fighters. they can take on boats. there is a full hospital aboard complete with state of the art equipment able to support humanitarian efforts as well as wounded warriors. then there are electrical teams,

engineering, food service and supply. you name it, there are dozens of jobs here many of which translate to civilian life. >> it really depends. it's not going to translate particularly well into day-to-day job, but if you've been working -- >> now, this ship may be 20 or 30 years old, but it's supporting some of the newest technology aboard ship. and some of the newest aircraft fighters that we're going to see in the coming years. back to you guys. >> thank you so much, diana. >> today's disaster du jour, quickly, horrible 34 to 39 cents, consensus 59 cents. guess what they blame, mandy? >> a little sunshine from an aussie company, genetic technology. up about 57% on a positive update on its genetic test for breast cancer.

we should point out this is a small company. a market cap of about $87 million. >> we figured, australia, why not? you start somewhere, right? nobody starts at starbucks. you got to grow. how about a little deep fried sunshine, mandy? >> yeah. fried samoas will be the new venture at the texas state fair. the texas state fair is notorious for the fried food fair. the chocolate coconut caramel cookies are wrapped in wonton wrappers. and then of course they're deep fried. >> that sounds great. >> it does actually sound really good. coming up next, "american idol"idol" indecent proposal. and we will speak with the money behind the new venture. it gets micro. and may just whack facebook a bit. stick around.

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check out shares of facebook. facebook continues to recover a little bit, folks.

it's up now another 2% to $32.69. you might have heard about facebook, you go on and it you look up people and check them out. >> you see their faces. >> see what your ex-girlfriend is doing and how many kids she has. casting a shadow over silicone valley but will it be a long term black eye? our resident valley girl jane wells is finding out. >> the flailing ipo has been the talk of the town in tech land. other companies may be thinking hard about when and how to go public -- twitter. >> the facebook ipo is a disaster, absolute disaster. >> he is the over the top proprpr proprietor of bucks of woodward. he doesn't minutes words about the facebook fallout.

>> this surprised everybody and really took us down a peg. this is not good. well, i think it's going for a major impact on the social network ipos, absolutely. people like elon musk that are using molecules to do stuff, he sends a rocket to space, he's building electric cars. google has huge revenues. apple makes products. the social networking world doesn't weigh anything, it can come and go. if i worked at morgan stanley, i wouldn't want to claim that today. >> he also admits he thought shares would skyrocket at the ipo. guys, he is not one of those now saying i told you so. i have gotten so many e-mails from people saying, e, i saw this coming. i'm sorry, where were you? >> exactly, where were you before? jane, great stuff. thank you. well, watch out facebook because lady gaga's little monsters are getting their own place. this summer is one of the first

ventures for a startup company. we're joined by the founder to talk about what could be the next big thing in social networking. i'm wondering what to extent little monsters is seen as a threat to facebook or are you symbiotic with facebook? >> you know, we love facebook. we embrace it. facebook is around your social graph. we want to organize people around interests, affinities, and movements to actually push them into places where, you know, things they love like their church or being a little monster. >> you know, matthew, i was looking at your website and off blog and you give some hints about this or that. how micro can you go realistically. when you look at aol, actually patch.com which is a microservice is working well for them. for you guys how small is good because a lot of smalls add up. >> you're absolutely right. giving people an identity. we give people an e-mail address that says little monsters.com. we also go and we've created a

translation tool that allows them to converse across 58 languages at one time. the chat volume is up. it's 60 million characters last week alone among 100,000 users. >> back to the original question, to what extent are you a competition to facebook? facebook is at the moment very general, but if you've got, as brian says, a lot of littles, a lot of very targeted sites like your putting forward here, is this something that's going to lure the facebooker away? >> you know, we actually embrace facebook so we hook in the back end of facebook. if you back up and look at the internet, you can look at it from the standpoint that facebook is the white pages, google is the yellow pages. going back even further in history, we have seen technology progress. first text message was sent in 1993. go all the way back to martin luther king. he used television, telephone, radio to bring large groups of people together. so what we're trying to do right now with our platform is bring

large groups of people together to organize around their interests, affinities, and movements. we see it in the arab spring, across multiple different things we've seen recently. the london riots. what we want to do is enable people to come together quickly. >> let me take this from a different point of view. the bottom line is how do you make money? but part of that is because you're more targeted, are you going to take advertisers away from facebook? >> you know, when we look at traditional forms of advertising, we like to actually look at influencers, so if i have let's take lady gaga who we're building little monsters, if i have her advertising something or endorsing something, it doesn't carry the same weight, especially with the little monsters as if we have our 20 top influencers carrying that message. we want to be what's next in advertising. >> matthew mickelson, we're watching. going to be launched this summer, right? >> yeah. >> we're looking forward to

seeing what it looks like in summer. okay. before we hit the break, what is the dirtiest place in your office? the toilet? your keyboard? what would you say it is? >> my desk. >> me, too. no, it is the break room sink like this one here at cnbc. researchers from the kimberly clark company swabbed nearly 5,000 surfaces in several office buildings and they found the sink and microwave in the break room are by far the dirtiest surfaces. kimberly clark makes tissues and toilet paper. they know a thing or two -- >> they got this from your boy bill bryson. what was the book, "the house" or whatever it was. >> "at home." >> the cleanest place for you to eat is the toilet seat. because it gets cleaned so much it's the cleanest surface in your home. tonight's dinner if my family is watching, get the sushi ready. >> ew. coming up next, the very

indecent proposal on "american idol." you're classy. are you still sleeping? just wanted to check and make sure that we were on schedule.

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