phenomenon. spawning an oscar-winning movie, countless lawsuits, and a continuing debate over privacy in the digital age. and now the company founded by a 20-something in a hoodie is going public. good morning to you. and thanks so much for joining us. i'm laura garcia-cannon. >> the stage is all set for the biggest ipo to date. and these are new pictures of facebook employees staying up way past closing time overnight to brainstorm ideas, of course, i'm sure a few about how to spend all that new money. they're at the menlo park campus. this morning, we have a team locked in place covering facebook from just every angle. scott budman live at facebook headquarters with a look at the build-up leading to that opening bell. marla tellez live outside facebook. she will be showing us how the public offering is affecting the local economy. but we start off things, we lead our coverage with business and tech reporter scott mcgrew right here breaking it all down. good morning. >> good morning to you.

and happy facebook day. you've heard it debated in coffee shops and the treadmill at the gym, should i buy shares of facebook? well, this morning we expect at about 7:00 our time, shortly after the nasdaq opens, you will be able to make that decision for real. so many things to balance in your mind as a regular investor. yes, facebook is powerful enough to attract presidents. yes, hundreds of millions of people have joined, but a lousy stock market these past few months and concern over facebook's advertising income mean this is going to be a tough call for a mom and pop investor. this will be the bay area's second largest ipo ever second behind visa. $38 a share, enough to earn the company more than $16 billion. but let's bring in my colleague scott budman. he's at facebook campus. we could reminisce about social networks. friendster, myspace, this one feels different, though, a new generation and a company that's actually making money. >> you're absolutely right,

scott. of all the ones you mentioned, this is the one that is making money and thanks to that $16 billion cash pile that it's pulling in will definitely have a future. this is a company that's been growing and hiring and building for a long time, and now it has a significant cash reserve to do so. and as you said, the big question today, should the rest of us buy facebook? 900 million users, a lot of people are on it every day, every hour. but what about owning a piece of the company? it is a big risk and it's something we'll find out just how big of a risk a little later when the company actually starts to trade on the nasdaq. speaking of the nasdaq, of course, the nasdaq known for being out in new york, but this facebook ipo is so important it pulled the exchange at least virtually all the way across the country. you mentioned a little earlier the photographs of the hack-a-thon, what facebook employees are calling their all nighters last night. they're going to be here to virtually ring and open the nasdaq here in menlo park in silicon valley instead of new

york. that's a bit of the power of the social network by the time facebook trades, it's expected to be well above that $38 price. where it goes from there, well, we'll be following that for the days and weeks to come. we're reporting live from facebook campus, back to you. >> all right, scott, thank you very much. the ipo making about 1,000 employees a whole lot richer. what they'll do with all that money, that's a good question. "today in the bay's" marla tellez also outside facebook. turns out they've started spending some of those big dollars. >> reporter: can you blame them, scott? that is right. good morning to you. this money, though, really more like monopoly money at this point. but you know what? it's already benefitting the local economy. in fact, what we found it is good to be a high-end retailer right about now. the sound of the bell has never been so sweet for facebook employees who in an instant are now millionaires. the company alone expected to rake in $15 billion, and that

makes silicon valley as green as ever. >> it's that market unlike anything else i've ever seen. >> reporter: even before today's ipo, home prices in the region have spiked as much as nearly 20% with starter homes going for close to $2 million, and the buyers are young. >> some in their early 20s who are buying multimillion dollar. generally in the early 20s, multimillion dollar condos. >> reporter: comes high demand for a luxury car. this lexus dealership is reaping the rewards. >> we even saw some business from facebook in the previous month. so i think some of those folks thought, well, i'm going to get the money, so i'll go ahead and get the car now. >> reporter: who needs a car when you can fly? >> think of it like netflix dvds. you get a dvd, watch it, send it back. we do the same thing with boarding passes. >> reporter: l.a.-based surf air is getting ready to launch. all you can fly private airline company for about $1,000, members can fly first class in one of these slick swiss-made

jets from palo alto to los angeles, for instance. the ceo is banking his company will take off thanks to, in part, mark zuckerberg's dorm room creation. >> this is cheaper than a sports car payment. >> in case you are interested in surf air. it's in the process of getting approval from the faa. it is expected to launch this summer. now, scott as you and i talked about yesterday, $1,000 a month for all you can fly really not all that bad. in fact, i'll take that any day over all you can eat. >> sounds fair. marla tellez out near facebook headquarters this morning. you know, it's been said that one of the best things about an ipo is that your employees do get rich. and one of the worst things about an ipo, your employees get rich. i talked with scott about that, he founded his company when he was exactly mark zuckerberg's age and he says i'm terrified for mark. jon and laura, we're going to take a look at that.

>> what than interesting perspective he will have. thank you very much. this morning, a facebook co-founder lashing out against senate democrats accusing him of skirting u.s. tax laws. he recently gave up his u.s. citizenship saying his decision to live in singapore is purely personal. but some u.s. senators say the move means savron will pay fewer taxes than if he stayed a u.s. citizen and sold his shares after the stock sale. in a statement he says, i am obligated and will pay hundreds of millions of dollars to the united states government. i have paid and will continue to pay any taxes due on everything i earned while a u.s. citizen. there is a law on the books that keeps people from setting foot in the u.s. ever again if they renounce their citizenship for tax purposes. but lawyers say it's never been enacted because it's hard to prove. plus, the irs is not supposed to reveal tax information. and we will have continuing coverage of that public offering

throughout the entire morning from our team of reporters as mark zuckerberg steps up to ring the opening bell at the nasdaq, as well as live reports from our partner cnbc from their world headquarters and our very own bob redell, that will be coming up. and of course, for complete coverage, check out nbcbayarea.com, all you have to do is search facebook. >> facebook friday around here, but it is friday and we're looking for that forecast with christina loren. >> yeah, good morning to you. a lot more comfortable here in palo alto to start in new york city. so another brilliant decision. so we're starting out at 50 degrees even in san francisco. comfortable conditions as we head throughout this afternoon, by noon, in fact, you might be considering breaking for lunch outdoors. 72 degrees at noon, concord, 76 in antioch, and 56 degrees at noon in los gatos, hitting 80 decr degrees later on. and you will notice the clouds for the first part of the day. they should only be at the coast and over the bay.

i don't think we're going to see that marine layer penetrate inland this morning. but mostly cloudy conditions to start will make way to brilliant sunshine, and the warm-up is on. a lot happening outdoors this weekend. you'll need to stick around for that coming up. first, let's check your drive with mike. >> a lot happening outdoors right now. you're looking at the south bay, it's road work, typical about this time of day, look at all these spots, but just after 5:00, they should just be clearing right now just as we speak. 880 north of 280 and 85 north of 280. no slowing past any of those scenes. the blips for 87 and 880 off of 101, those should clear up. i'll track it, there are no incidents reported for the south bay. between shoreline and marsh, those crews clearing through palo alto and the dumbarton bridge as you're traveling over to the newark side, construction crews will remain there probably until 6:00 a.m. or right about there. a note that i am also joining in on the team, i feel left out.

there's my coverage of all the facebook off ramps. okay. anyway. >> good. >> you know what? we like it. >> thank you. oh, excellent. good, good, there'll be distractions there and the sign. looking over to east bay, 880, smooth flow of traffic. all the way to the south bay to the bay bridge toll plaza. more updates coming up, back to you. >> 5:09 right now. coming up, a new tech company on the rise as an older tech company takes a big hit. job cuts for hp just ahead. and developing news out of berkeley this morning where a driver lost control and hit a tree and was turned into a fatal accident, but also involved a child. i'm christie smith, that story coming up. and keeping with that facebook friday theme, that is from menlo park. one emphatic thumbs up. why wouldn't it be? about $16 billion rolling in. and here's a facebook fun

fact, the most searched term in the u.s., it has been since july 18th, 2009. >> interesting. and for the latest news, traffic, and weather, check us out on, guess what? facebook. it's that kind of friday.re a.lot.ch nbc bay are g for? -my allergy medicine to work. -allegra is fast. [ female announcer ] only allegra combines fast, non-drowsy, 24-hour relief. -gotta go. - [ female announcer ] allegra. fast and non-drowsy relief.

welcome back, everyone. a live look from new york city. outside of the nasdaq this morning. facebook ipos today. mark zuckerberg going to ring the opening bell remotely. we've got full team coverage this morning, 5:12. a developing story this morning out of berkeley. police right now at the scene of a fatal accident. one person did, two others taken to a hospital with serious injuries.

"today in the bay's" christie smith with all the latest developments. good morning. what's happening out there? >> reporter: good morning to you, jon. just a horrible accident out here this morning. this car hit a tree so hard that firefighters actually had to cut the top off just to get everyone out. three people inside that car, one of them has died at the scene. we've also learned that there was a child inside of that car taken to a trauma center with very serious injuries. the driver also suffered serious injuries in this accident this morning. this is at california and alsten way happened after 1:00 this morning. a solo vehicle accident. right now, berkeley's fatal accident investigation team, part of the police department is out here trying to piece together why a driver lost control. >> when one loses kro l control car, there's usually some kind of dynamic involved whether it's mechanical failure, speed, or whether certainly this morning we don't seem to have a weather

issue. so we're going to be looking at all those indicators to try to determine what happened here. >> so, again, two adults in the car in their 20s and a child. the adult passenger died. we asked if they might be students at u.c. berkeley or residents here in berkeley, and they say at this point they don't know. they're still trying to contact the family. but you definitely want to stay out of the area if at all possible, you need to get through here, take another route because they're telling me this intersection and the surrounding streets will be closed for another two to three hours while they continue their investigation. reporting live in berkeley, "today in the bay." >> thank you very much, christie. in fact, mike keeping his eye on that area, as well. >> this is california street at allston. the university itself, which is one of the major east/west connectors, that is open. it's a couple of blocks to the north. avoid the intersection of california at allston, but

university coming off the freeway and continuing over in the eastbound direction. as far as i understand, both directions are open right now. and in the area, we also have the east shore freeway. for the most part, that's moving smoothly. the earlier accident here is still over on the shoulder, but sounds like there's debris in the westbound direction approaching central and so there will be a traffic break over the next few minutes. chp alerted us to that. keep that in mind if you're coming down between hercules and san pablo. meanwhile, we'll get a live look at the bay bridge toll plaza. see how the volume is shaping up over here. no major issues, and the flow pretty light. you can see the commute direction. back to the maps if you're heading the other direction, you're okay up toward the carquinez bridge, through the north bay, a note, we have some changes here. one of the accidents just off of jameson canyon has cleared, the other highway 29, that roadway, that intersection is currently has traffic control because of an earlier accident there, as well. keep that in mind, but the rest of your north bay, no major delays and no ma job problems as

far as i can tell. we don't have a whole lot of fog, but there is some changes in store for us, right? >> yeah, changes on the way as well as this afternoon. i wanted to start with a live look over san francisco. beautiful sky shaping up here. i do believe we will see that marine layer push in over the course of the next couple of hours. but we're starting out nice and clear, getting the best drive of the morning. it's not windy any longer and that fog has not yet settled in. we will let you know as soon as it does. the calm winds right now along the peninsula and through most of your inland cities. temperatures are mild to start. 51 degrees, good morning to you. headed toward the 70s and 80s today. as high pressure is moving back in from the south. this is going to keep our temperatures nice and warm all weekend long. so if you've been hesitating making those weekend plans because of the weather, well, they are not going to keep you indoors. the weather will keep you outdoors basically all weekend long, it's going to be nice and comfortable. it all works out like this. we're going to see temperatures in the 80s in the warmest cities across the bay today. then by tomorrow, we'll tack on

an additional 5 to 8 degrees. it all works out like this, 78 degrees on saturday, sunday, 84 degrees. don't forget, you can catch the giants right here on nbc bay area tonight at 7:00, the bay bridge series. chances are, if you've lived here in the bay area your whole life you're an a's or giants fan and you have a vested interest in tonight's game. we'll have that forecast coming up. also on sunday, a very rare treat. an anular lunar eclipse. right now, back to you guys. >> thank you very much. 5:17. more now on the social offering. when facebook starts trading shares this morning, it'll make many employees there very, very wealthy. scott mcgrew says it's actually going to be a big problem for managers. how do you tell a millionaire what to do? >> that's a very silicon valley problem, laura. we've seen all kinds of employees become very rich over the years. the classic example of that is the millionaire secretary from netscape back in the day. every company says we're not going to change, money's not

going to affect us. we won't listen to wall street, we're going to stay on mission. well, some founder scott mcneilly says with facebook shares priced so very, very high compared to the company's revenue, zuckerberg faces a tough road ahead. >> it will make a difference in their lifestyle based on what the stock price is doing. >> what can you do about it? >> i'm terrorized for the poor guy. and if i were to make some personal wealth recommendations to him, i would tell him to sell any and all of his stock that he can as fast as he can any time the stock is valued at, you know, more than 10 to 15 times revenue. >> let's talk time line. 6:30 this morning mark zuckerberg rings the opening bell, that's largely ceremonial. some ceos choose to make a speech ahead of time. and if he does that, we'll bring it to you probably around 6:20. then the securities and exchange

commission has cleared facebook's stock as fb. it's not all milk and honey on the peninsula this morning. at the same time, 1,000 people will become millionaires, tens of thousands of people are faced with losing their jobs at hewlett-packard. we turn to seema mody at cnbc headquarters. good morning. >> good morning, yeah. that's right, hewlett-packard is reportedly planning to cut up to 30,000 jobs or just 8% of its global workforce. as it battles falling sales and profits. reports say the cuts will come from across the board, although the final number isn't set. a formal announcement is set for next wednesday. in other news, taking a look at markets, futures are slightly higher after yet another selloff. the markets can't seem to shake off the worries over europe's debt crisis. there are concerns that greece's eventual exit from the euro could lead to a run on the banks, not just in that country, but other debt-strapped nations including italy, spain, as well as portugal. last night, moody's cut credit

ratings of 16 spanish banks citing the weak economy. asia overnight sank, europe is trading in negative territory, and here in the u.s., there is no major economic data out today. the dow did fall for a fifth straight day down 156 points, the nasdaq losing 60 to 2,813. guys, that's a wrap, back over to you. >> all right, thank you much. i saw this on twitter, thought you might like it. why is facebook going public? because they couldn't figure out the privacy settings either. >> that's a good one. >> i thought that was a good rim shot. >> good deal. thanks so much, scott. coming up, bill cosby, gets ready for a little stand-up comedy in the commencement ceremony. taking a live look outside. golden gate bridge this morning. i've got that look. yeah, a nice one. not as foggy as in days past, we'll check the forecast coming up. here's a fun fact, users

just cannot stay away. the average user spends six hours a month on the social networking site.

welcome back, everybody. yes, it is a worldwide phenomenon. that's right, that is the menlo park headquarters. for facebook. >> look at people in their hoodies out there. >> yeah, feeling the magic. >> wore a hoodie today. >> and the fever is sweeping from coast-to-coast. from menlo park out on the west coast all the way to new york city and time square. that's right, front and center, facebook going to be making some magic happening on the nasdaq today. it'll be interesting watching that stock bounce up and see how people jump all over it. it is 5:23.

we welcome the weekend forecast coming in, as well, checking in with christina. >> we always welcome the weekend, no matter what the wealthy holds. but this weekend, mother nature doing it just again. we're getting some fantastic conditions just in time for the weekend. and yesterday, kind of a cloudy, dreary day, and the winds picked up and all the cloud cover cleared out. ended up being ptty nice. 51 degrees to start you out in san jose, 49 in livermore, and 58 degrees for now in san francisco headed toward the 70s by noon and rounding out the day with plenty of 80s on your temperature map. this sunday, we are going to get a rare treat. an anular eclipse. and the eclipse happens when the moon passes over the sun. and the apparent diameter is going to be smaller than the sun making an apparent ring of fire. it's going to be really cool. your best viewing time will be 6:32. more on this coming up, let's check your drive with mike. folks, you can head up to some of the local observatories.

lawrence hall of science will have that, as well. and a smooth drive for the east shore freeway and the approach is to the bay bridge. but we have an updated location from chp. the earlier accident not off the east shore freeway, it's eastbound 580 at central where they're doing the traffic break. that means folks coming off that richmond san rafael bridge will have that to contend with. watch for flashing lights, but no slowing, guys. funny man bill cosby will be honored by a san francisco university today. the comedian will receive an honorary doctorate degree from the university of san francisco. he'll also give the commencement address to undergraduate students in arts and social sciences. >> whenever i see bill, i'm in the mood for a little jell-o pop. >> nice. it is 5:25 right now. still ahead on your mark, get set, ipo. that's right. team coverage of facebook's initial public offering just ahead. giving the big thumbs up, a lot of activity outside the facebook headquarters this

morning. lots of live reports. we'll keep you full of fun facts with facebook. a lot of friends with more than 900 million users worldwide. if it were a country, it would be the third largest country one the planet. >> facebook-atopia.

this morning, we are bracing for the social offering. facebook now poised to go public a mere eight years -- that's right, only eight years after a harvard student in a hoodie launched the social networking site from his harvard dorm room. what an historic day that was. good morning, everybody, welcome to facebook friday. i'm jon kelley. >> and i'm laura garcia-cannon. first one university, then a handful, and soon enough, the whole world. today, more than 900 million people share and connect on facebook and now the private company is going public. we have team coverage this morning on the biggest ipo.

scott budman live at facebook headquarters. employees have been hanging out all night in anticipation. live in menlo park with a look at all the local buzz. good morning, scott. >> good morning, laura. we are going to cover this all dave. let's talk about a time line this morning. at 6:30, mark zuckerberg will ring the nasdaq opening bell. that's largely symbolic then. at 7:00, the s.e.c. has cleared facebook to start trading as fb, and the wealth truly begins. let's go to scott budman live outside facebook headquarters. scott, give us an idea as far as the excitement out there. >> reporter: there's a lot of it, scott. you know, the silicon valley as you know is known for starting early in the day. but there's been a lot of traffic coming in to facebook. this is not a day that any of the employees want to miss. after all, like you mentioned, the nasdaq is coming out to our neck of the woods. a bell ringing where ceo mark

zuckerberg will open the exchange, a lot of people want to be here for that. in fact, a lot of facebook employees arrived last night to sleep over so they wouldn't miss this. facebook called it a hackathon, a chance to keep focus on what facebook does for a living, i.e., building out a social network and not worry about the ipo and stock prices and things like that. that said, there is a lot of buzz around here, not just on this campus, but in the entire community about the facebook ipo. the company as of last night because it priced its shares at $38 each, pulling in nearly $16 billion in overall sales. that is money that can go to hire more people, build more buildings, try to expand in china, increase its mobile presence, all that sort of thing. and as of today, the buzz is that you, i, and everybody else will get their shot at owning a piece of facebook for the first time. as you mentioned, that's expected to happen a little bit after the nasdaq opens. and again, doesn't happen all

that often, the nasdaq itself coming to silicon valley. it will open here in an hour on facebook campus. that's where we're live today, sending it back to you. >> you've interviewed mark zuckerberg in the past. i don't know we give him enough credit. 28 years old. he's interviewed the president, handled that very well. he's going to go in front of the whole world and launch this company for a 28-year-old who actually doesn't speak very much, he's under a lot of pressure this morning. >> reporter: yeah, he really is, scott. you mentioned. i have had a chance to sit down with him a couple times and talk. and people are thinking wow, he's so young, what's he like? he's right in that wheel house of facebook users. not only started it, he gets it. he gets the buildout, why people like photos, he understands time line. he is the reason for the success of this company. and yes, he has a very good head on his shoulders and is willing to admit that when it comes to the ipo, money takes care of itself, he'll let the bankers

and lawyers take care of all of that stuff and there are a lot of them that work here. in fact, some 33 banking institutions, a huge number for an individual ipo are handling the facebook offering. so plenty of professionals are backing up mr. zuckerberg. >> scott, thank you. now, when it comes to buying a share of the social networking giant. who's in? who's out? bob redell live in menlo park where people are weighing in this morning. good morning, bob. >> yeah, good morning, we were actually just trying to talk to people out here about, let's say you had the money and you want to invest. would you buy shares in facebook when it ipos in just a couple of hours from now? well, here's what some people had to say this morning outside this coffee shop down the street from facebook headquarters. >> short-term, a year, definitely dive in. >> after that? >> after that be cautious because i think the reality's enjoying to set in just like when the stock market burst in 2000. >> you have to take a chance and risk it. >> and if you had the coin? >> if i had the coin, i would do

it. >> it doesn't do anything. it doesn't make anything. >> you don't think it's a good investment? >> not for me. >> reporter: now, if you're curious what facebook's going to do today as far as its numbers, the cost of its share, we know it's going to ipo at $38, but the actual trading -- trading's not going to start for another hour to two hours afterwards. if you are going to track it today and you are curious, hey, why haven't i seen anything yet? that's the explanation why. reporting live in menlo park. bob redell, "today in the bay." s.e.c. has cleared it to start trading at 7:00, doesn't necessarily mean it will. fortunately on the nasdaq with an electronic exchange, you are looking at a much faster turn around than on the new york stock exchange which does often take much of the morning to get going. big moment just about an hour away. that's the actual opening of the nasdaq. we will continue our live coverage coast-to-coast throughout the morning. for complete coverage, check out our website, as well, nbcbayarea.com and, of course,

search facebook. we have developing news this morning in berkeley. a fatal crash right now one person dead, two others remain in the hospital with serious injuries. "today in the bay's" christie smith live at the scene with what happened. good morning. >> reporter: good morning to you, jon. just a terrible accident out here this morning. i want to go ahead and show you the scene. there is a traffic circle in the intersection. and just beyond that, you can see the car or what's left of it after the driver slammed into a tree on the corner there. hit it so hard that firefighters actually had to cut the top off the car just to get everyone out. the accident so bad that the passenger was killed, the driver and a child inside taken to different trauma centers this morning. this happened about 1:15 this morning at allston and california. berkeley police have their fatal accident investigation team out here right now trying to determine why the driver lost control and going tough all the debris that was thrown from the car. >> scattered around a wide area, that's why we have a couple

blocks cordoned off. >> reporter: now, the adults in the car were in their 20s. berkeley police say they're still trying to contact family members. so right now, they're just not able to release a whole lot of information about the victims. reporting live in berkeley, christie smith, "today in the bay." a san jose family is demanding answers this morning. how could authorities take a week to find a man near his crashed pickup truck? san jose police found 25-year-old michael sanchez tuesday in the thick brush alongside the exit at 101. sanchez' family upset at chp investigators that they didn't see him near the vehicle the day of the crash. the chp says it understands the family's frustrations but said it did a author research. sanchez is now in the hospital on life support. it is 5:35 right now. a long list of women facing charges this morning linked to a scam targeting elderly asian

women in san francisco. investigators say the suspects were after cash and jewelry. they would tell their victims, older asian women they were being plagued by evil spirits and would die unless they brought back valuables to be purified. at least two dozen people fell for this scam. police asking other victims to please come forward. berkeley's police chief has admitted he was wrong to pressure a reporter to change a news story. the city is now spending $20,000 to review its police department's media policies. a southern california based communications company will spend six months auditing procedures and making recommendations. the move comes more than two months after chief michael meehan sent a sergeant to the home of an oakland reporter with a demand the reporter change the story he'd posted online. all right. time now to check your weather outside. it is a facebook friday. let's find out how good that weather's going to be shining on that team. >> i'm always posting up dates on facebook. every day, not just facebook

friday. and your update today is going to be read beautiful conditions. campbell, the a's taking on the giants all weekend long. lots happening, beta breakers and the weather will accommodate every single outdoor event. 50 degrees in sunnyvale to start, 51 in san jose, headed toward the mid-60s by noon today. a little bit of patchy fog hugging the coastline. sunshine returns in full force today, we've got major warming ahead as we head into the weekend. you'll see that sun come out, 79 degrees inland, 4:00 p.m., and 68 degrees at the coast as you make your way home from work getting ready to kick off that all-important weekend. now, you've got to get to work first, find out if there are any problems on the roads with mike. >> not a lot of problems, but you'll see crews moving from there overnight roadwork. great news for the crews, slowing expected for you, but not enough to kick off the sensors for the south bay. 101, 280 and 101 past tully road.

some sort of hazard northbound just north of capitol expresswaexpressway i saw a little slowing, speeds dipping down to about 50 miles per hour, then started coming up toward the limit. that may be cleared from the approach downtown and coming north. a look at the maps further north. we still have that incident blocking traffic and one lane, highway 29 at the napa vallejo highway. some folks read the actual number there, and that should be cleared in about 20 minutes as the flat bed tow truck is arriving. expect at least some traffic control so they can get that hooked up through the area. 680 coming across the carquinez bridges. and a live look outside, shows you the volume of traffic toward the bay bridge toll plaza. look at that, as the sun comes up, what a beautiful view, i'm talking about the flow of traffic. sunrise, whatever, guys. >> that's how you see it. >> indeed. it is 5:38 right now. fending off a financial crisis, we'll have the latest on the g-8

summit just ahead coming up in a live report. and facebook engineers originally wanted to call the like button the awesome button. >> it has been pretty awesome. >> it's both. >> that's an understatement. and for the latest news, traffic, and weather, find out all your stuff on facebook, search nbco

and this is a live look outside facebook headquarters this morning, a lot of activity there as facebook ipos this morning. opening bell at 6:30. we've got complete team coverage like no other. stay with "today in the bay," it's 5:41. there are new developments in the shooting of trayvon martin. hundreds of documents, photos, and video evidence being released in that investigation for the very first time. we're seeing trayvon martin in this security video from a seven-eleven moments before he

was shot and killed by george zimmerman. they also released new pictures police took of zimmerman after that alleged confrontation. zimmerman who claims self-defense being charged with second-degree murder in martin's death. friends and family mourning the death of robert kennedy jr.'s estranged wife mary kennedy at a wake in new york city today. the 52-year-old mother of four hanged herself wednesday in a barn on the family's new york estate. mary kennedy had been dealing with drug and alcohol problems for years and was arrested for drunk driving back in 2010. shortly after she and robert kennedy separated, funeral services being planned for saturday morning in bedford. and after more than a decade of conflict, congress voting to continue the war efforts in afghanistan. house lawmakers rejecting an amendment that was yesterday to swiftly end combat operations by limiting money to only the safe withdraw of u.s. troops. a recent a.p. poll shows 60% of americans oppose the war in

afghanistan. this morning, europe on the brink. world leaders now arriving at the g-8 summit at camp david. the top priority is greece and the possibility of another financial crisis. "today in the bay's" brian mooar live in washington, d.c. this morning with a look at how the meeting will try to calm those certainly rattled global markets. >> that is certainly the effort. this is the biggest gathering of world leaders ever at camp david by far. and it's a preamble to this weekend's nato meetings in chicago. greece will be the focus here trying to stabilize the eurozone and trying to keep greece in it. trying to get the recovery moving again and there are as you can imagine a lot of differing opinions. all eyes are going to be on german chancellor angela merkel. she is seen as somebody who can sort of bring these conflicting ideas and controversies together and come up with a comprehensive plan. there will be a new face at this particular meeting, the french president, new french president,

i should say, francois hollande. in addition, there will be an interesting old face here, russian prime minister dmitry medvedev. he was the president of russia, now he's the prime minister, the person who was president is president again. vladimir putin. and you know what? putin is sitting this one out. he says he's busy reshuffling his new cabinet, but in fact, he is snubbing president obama. there are a lot of disagreements with him and our president and with the united states and russia over syria and iran and he's making that pretty clearly shown. laura? >> big-name cat fights there. thank you very much, brian. meteorologist christina loren jumps in to take a look at the weekend ahead. seems like it's going to be nice out. >> it is going to be pretty nice out. it's one of those weekends in the bay area where there are so many activities. chances are, you will be headed outdoors. that forecast in just a moment. right now, let's start in san

francisco where we have mostly cloudy conditions. clouds are not going to last long. and they're actually serving as a blanket right by the water so you're getting really nice temperatures to start. let's get right to those. 48 degrees right now in san mateo, 50 degrees in oakland to start and 46 degrees up in santa rosa, headed toward a really comfortable afternoon with temperatures in the 70s. and your future cast tells a story. we stop the clock at 8:00 a.m., you can see a little bit of coastal cloud cover. i think for the most part it's going to clear out before we hit 11:00 a.m., and your future cast shows you vividly by noon mostly clear and sunny over the bay area. as high pressure moves in today, we've got a good-looking forecast for today. warmer tomorrow and downright toasty come monday as we head throughout the afternoon, we're talking about inland highs in the 80s. bay side and by the coast, quite a bit cooler in the 70s and upper 60s, but you will hit the 80s even in san francisco as we head into the upcoming days. all works out like this, monday into tuesday of next week, the low clouds return. but we only hold on to the 70s

for a couple of days and the 80s return as we kick off your thursday holding on to that seasonal pattern all the way through the extended period. let's check your drive with mike. >> well, holding true to the friday pattern, we see things are slowing down in antioch. we have a 20 shows up around the el street sensor, but the rest of the freeway moving very smoothly over towards pittsburgh and bay point getting into concord with speeds at the limit. a little blip for 680 north of 242. opposite your commute, keep my eyes on that and let you know if anything goes on, but no incidents reported for concord or livermore or the tri-valley. looking at slowing coming in toward north flynn. pretty smooth drive past the interchange. if you're cutting through, livermore, you're fine down isabel and toward highway 84 and sunol, as well. 680 and 880 both move nicely through fremont, southbound for your commute into the south bay. we're looking here at the off ramp still blocked there by construction crews, but the rest of the construction and roadwork cleared from 101, 87, 280 still

holding up close to the limit in these spots, 85 north of 280 and 101 through mountain view. a few road crews hanging out. but overall, your travel into palo alto. here's the on and off ramp, both cleared from overnight construction. the dumbarton bridge, eastbound, that crew has cleared, westbound cleared much earlier. reminder, dumbarton bridge is closed over memorial day weekend. also, facebook, all this activity, that's what's going on, that's where scott and the rest of our teams are focused this morning. and we'll also look at a live shot out there looking at the golden gate bridge where the memorial day weekend will hold the celebration. it is close for a brief period of time at about 9:00 p.m. fireworks, it'll be crowded all weekend long. back to you. >> thank you very much, mike. now back to the social offering and for all the excitement, the reality is, there are some very strong head winds for facebook going on this morning. let's get it back over to business and tech reporter scott mcgrew for the inside stuff. >> well, good morning to you, jon. experts have talked about the facebook offering bringing in the mom and pop investor back

into the market. but at the same time, many institutional investors are bailing. the stock markets have been suffering these past few months. most of it on concern over europe. now the man who will probably win in the next election in greece tells the "wall street journal" he will not do what the european union has asked him to do to get the country out of debt. and if europeans stop bailing him out, he'll stop paying off the country's debt. so when smart money gets out of the stock market, where does it go? treasury bonds and the ten-year treasury bond is at the lowest level in history this morning. that's how much money has flooded in. ten years now pays less than they actually cost. in other words, you lose money but demand at record levels. add to that 30,000 jobs may be lost at hewlett-packard. early indications say new ceo meg whitman will announce wednesday as part of cost-cutting moves she's cutting 10%. hp and facebook have a connection beyond their heritage and that is they're both having

trouble with mobile. hp having a hard time selling old-fashioned computers as people move to ipads and iphones. kids don't even like laptops these days. facebook has said publicly it too is having trouble with mobile. i can't say if facebook is going to make you wealthy. depends on what price you buy at and when, but for employees who receive as part of their employment, every tick upwards is another cha-ching. for more on that, marla tellez, live at facebook headquarters. a lot of sudden wealth this morning. >> reporter: you can that again, scott. may 18th, 2012, the day about 1,000 facebook employees transform into millionaires and even ahead of today's ipo, they have already started to spend some of that money. after all, they need a new home. can you blame them? yeah, real estate agents in silicon valley and the peninsula say they are buying. take palo alto, for instance, where the median price of a home shot up close to 20% to $1.7 

million. this is from 2011 to 2012. and agents tell us the buyers are young, many of them in their 20s. >> it's a market unlike anything else i've ever seen. i refer to palo alto as the capital of unpretentious pretentiousness. and i think that fits very well with the culture of facebook. >> reporter: now the luxury car market is also seeing the facebook effect take over its lots. the general manager says he has already started selling cars to facebook employees. so they are absolutely banking on today's ipo. now, getting back to the real estate boom in the bay area, an agent tells me he deals with high-end homes. he says that his clients are actually afraid of today's ipo. scott, he says his clients have been trying to buy ahead of today because they know once these newfound millionaires start buying, property values are going to shoot up even more. >> marla tellez out near menlo

park, thank you so much this morning. we're about 40 minutes away from the nasdaq opening and about, well, about 7:00 we expect the first fb trades to go through. >> it'll be fun to watch, i think. we'll see. >> oh, yeah, it's going to be like watching some kind of sporting event out there. 5:51 right now. what do you get a guy who has everything? how about this? the zuckerberg musical. the facebook ceo a viral sensation. and a fun fact for you, women make up 56% of facebook's audience. [ male announcer ] with all your car does for you, he really wants to hear those three little words: chevron with techron. care for your car.

and this is a live look outside from our chopper flying high over facebook headquarters this morning. look at the crowd. that's a special stage they built for the ipo's big opening. it's going to ring the opening bell. mark zuckerberg expected there to talk to his employees, probably ramp up the crowd even more as he's going to ring the opening bell remotely at 6:30 this morning. we understand they've been actually going at it all night long. over 1,000 millionaires going to be made today with that ipo. >> wow. >> complete coverage right here like no other on "today in the bay." >> looks like tailgating at the super bowl out there. dogs out there. couple cold beverages. that's how you throw a bash. it's 5:54 right now. and they're calling it zuckerberg the musical. yes, a trio of women on youtube singing about the famed facebook's ceo's charmed life. ♪ this is the dawning of the page that you share with us ♪

♪ page that you share with us >> oh, i'm feeling it this morning. that is how you get a facebook friday started. they re-lyriced show tunes, put a twist on the social network giant's history from harvard university all the way to today's worldwide public offering. >> fun. >> next stop, broadway. i like those ladies. >> i wouldn't be surprised. well, we certainly like the forecast no matter what it is because we're on friday already, christina. >> you made it to the weekend and we've got a great-looking weekend shaping up in the weather department. mostly cloudy start right by the water, but the clouds will clear out quickly. temperatures in the 50s, upper 40s headed toward the 70s by noon inland and rounding out the day in the upper 70s. don't forget, the giants taking on the oakland a's tonight at at&t park. you can catch that game right here on nbc bay area 7:15. and winds will likely come into play. straight out of the west, 10 to 15 miles per hour, that could

carry the ball straight out to center field. stay tuned for that, let's check your drive with mike. >> and maybe kick it out to the coast. so get those kayaks ready, as well. looking over to the north bay, that earlier traffic control, that big accident scene, no major injuries has cleared from 29. no longer a concern for napa. highway 37 moving smoothly. 101 at the limit all the way down through san rafael and toward the golden gate bridge and a live look outside will show us that bridge itself. some clouds hovering around, but clear enough you can see the marin headlights. things will continue to change. we'll follow this 101 into the city and down to the peninsula. back to you. thank you very much. 5:56. still ahead, about 30 minutes away from the biggest tech ipo ever. team coverage on facebook just ahead. >> did you mention facebook? >> how can you not? >> yeah, we have our nbc bay area chopper up above that looking good out there, facebook. speaking of, here's a facebook fun fact for you, users spend an average of 20 minutes on the site per visit.

good morning to you. thanks so much for joining us. 5:59 right now. i'm laura garcia-cannon with jon kelley at my side. we have team coverage of facebook's ipo this morning. a live look at the headquarters this morning. where thousands of people are actually gathering -- they've been there all night. look at the excitement. >> it is on. >> going to be a lot of millionaires in that crowd today. >> and there we go. out at new york city. mark zuckerberg ringing that bell. but the feeling felt out there on the nasdaq live from time square. look, they're even flashing shots of what's happening getting ready for the party from the west coast it's going to be a big one. >> we actually hope to hear from mark zuckerberg this