senior white house reporter for politico and jeff welsh. good morning. >> good morning. >> matt, brian baker, head of the ending spending political action fund said he was immediately troubled by this. how does something like this even get out there? how does it happen, do you think? >> it happens because there's a lot of people spending money on campaigns and trying to get their messages across. and there are campaigns motivated -- the obama campaign is motivated to find everyone related to mitt romney who's going to say anything that seems weird. that's what they're going to be seizing on and campaigning on for the next six months because both sides don't actually want to campaign on the biggest issue that faces us, the debt and entitlement crisis looming over our heads. >> they may not have asked for this proposal specifically, but here's what mr. ricketts said when he saw the ad made in '08 that included jeremiah wright and president obama. quote, if the nation had seen that ad, they'd never have elected barack obama. and the super pac said that is a

correct quote. listen to this -- >> all of the media firms as a part of their process to solicit business would show us various ad thes did for prior campaigns and candidates. strategic perception did show one ad that had been prepared for the mccain campaign and apparently rejected by senator mccain. now, mr. ricketts did respond in that way to that ad. but that is no way ab infer republicans or suggestion or request or anything like that that we have a proposal based on reverend wright. >> he says, we didn't want the proposal but if you're fred davis, the guy who's going to put together this plan and you see somebody's reaction, you hear someone say that, is it surprising that he pitched the right stuff? >> no, it's not surprising. and by the way, i also agree that this is a huge conspiracy by the obama campaign to obscure the discussion of entitlement reform.

the issue here is mitt romney has lived by the sword of super pacs. this is what he used to dispose of his opponents in the primary campaign. this is -- these are the elements that are going to be playing an extraordinarily large part of his campaign against barack obama this fall. >> but let me ask you because i want to make sure i'm clear about what you think is going on here. do you think that this is just another day or two, or more maybe, to the weekend, on the sunday talk shows, when the romney campaign is forced off message? >> i think the romney campaign forces itself off message. i'm not making a judgment qualitatively about the issues here, but having covered a bunch of campaigns, yesterday was a terrible day for them. they started off the begin of the day when reporters called them up and asked them to comment on this with a very, very sort of angry response. why are we being asked this? we're going to give you an answer you don't like. they gave their response to this, the candidate opposed it but they cloaked it in an attack

on the obama campaign. when that created a firestorm, mitt romney was forced to answer questions at a press conference. first things were going well. he distanced himself from the ad. then he was reminded that on shawn hannity's radio show a few months back he said that, in fact, he thought reverend wright could be legitimately part of the campaign. and i just sort of think that mixed message is something he himself has brought upon. >> then he said he couldn't exactly remember it. i mean, what -- what the campaign at least said it wanted people to pay attention to is the fact they're releasing this new ad on the economy. >> what would a romney presidency be like? day one, president romney approves the keystone pipeline. president romney introduces tax cuts and reforms. >> so, this is like the direct opposite of what a jeremiah wright ad would look like.

i guess, in the end though, negative ads obviously really help mitt romney in the primary. when you have a controversy like this, does it make people step back a little bit and be a little more nervous about putting negative ads out there? >> i think what it does, it continues the process, the long process of alienation that normal human beings have from politics. why are we talking about this? it's six months of this. we'll hear about mitt romney's dog another 75 times in "the new york times" op-ed page, hear conservatives say but obama ate a dog according to his campaign bio. we're not going to talk about stuff that matters. republicans have a fantasy that if exhume past secret connections of barack obama obama that the american populous will wake up. no, the american populous is saying talk about stuff that matters, the economy and debt cries. republicans if they can't run against obama's own record, they're going to lose and deserve to lose. >> i want to bring in former white house deputy press

secretary for president george w. bush and a cnbc contributor. good to see you, tony. >> thanks, chris. >> you've been in that room when you get news about a bombshell like this . give me your sense of what it was like for the romney campaign from their perspective. >> matt hit the nail on the head. we're talking about these kinds of really obscure things that the american people aren't sitting around thinking, yeah, i wonder how jeremiah wright is going to play into this campaign this year? right. it's never shown up in a poll. yet there it lands on the desk of the romney campaign. they have to react to it. >> above the fold, in the "new york times." >> exactly. right? how do they deal with it? they need to -- they need to respond in a way that is consistent, that works today and is going to work for every time they're asked, you know, a question on this topic from now till the endf the election. so that they can quickly transition to the issues that

people care about, like the economy, jobs, health care, education, those issues. that's what they really need to do quickly and do it and get the lack language right so to get the -- >> you have super pacs out there. how much control do candidates have over what they say? in this case you might be able to say there was push back from the romney campaign. did somebody pick up the phone and say, you can't do this? >> i'm sure somebody picked up the phone. they have to be careful about arm's length relationship and they'll try to send messages through the media to people running the super pacs. mitt romney was a victim of this in the primary also. we talked about how super pacs helped him get through the primary but it was a rick santorum super pac supporter in foster freeze talking about contraceptives, right? that became the dialogue of the

late primary season where mitt romney had to comment on contraceptives. in fact, all the candidates had to comment on contraceptives. for a week we're talking about contraceptives, which is the very last thin the mitt romney campaign would have wanted to talk about that week. it was because of a rick santorum super pac financial contributor. so, we have to -- i think we need to get a little more mature with some of the super pacs and understand that neither candidate, not president obama, not mitt romney or any other candidates are going to be able to own the views of every one of their supporters, and certainly not these arm's length super pacs if we believe they really are arm's length. >> it does stay as part of the news cycle. we saw a swift reaction yesterday on both sides of the aisle. >> i read the article on the aircraft. as i read the article, i want to make it very clear, i repudiate that effort.

i think it's the wrong course for a pac or a campaign. >> what was interesting to me is that this is all going to be funded by the owner of the chicago cubs. well, i hope they're as successful with this as campaign as the cubs are on the baseball field. >> i think guys like that so misunderstood the state of the nation. they act like it's 1922. >> i mean, tony, is there anything more that a candidate can do like mitt romney than just denounce it and try to move on? >> he has to denounce it and move on. just as a last note on that, chris, if you're in chicago, there are a lot of religions. there's an actual religion, the religion of politics and the religion of the cubs. if you mix all three together, it will blow up. >> and maybe that wasn't -- well, its not like nancy pelosi is going to run for office in chicago, but i wonder if rahm emanuel gave her a call and said, really, did you have to dis my cubs? >> exactly. >> it's great to see you. thanks so much.

>> same here. thank you. >> part of my question is why this stuff keeps coming up. i mean this, the obama birth certificate controversy. i'm still not sure donald trump believes he was born in the united states. is there some lingering anger, discontent on the right? what is it? >> oh, i mean, there's more than lingering anger and discontent on the right. there are people who think that the president has done a terrible job and people who have a more conspiratorial bent who think if america knew the real truth about his neoanticolonialism. i don't think that taps into that. we have to remember mitt romney and barack obama, but mitt romney just won primary campaign not by talking about, oh, i'm going to reform social security and medicare. we're going to get our payments in a line. he won by running against that. what are you going to talk about for the next six months? they're going to try to rally the red meat base with tales of

woe from the other side. it will be effective for the respective bases but for the rest of the country, that's why the biggest bloc of voters are independents. 40% of americans are independents because they're tired of this. they want a politics responsive to the actual problems we have. >> even if this doesn't have any impact on them eventually and how they vote, are you worried if you're in the mitt romney camp this is just another example of how barack obama -- you're helping barack obama to fire up his base? >> no, you know, i think -- well, first of all, i think most people are -- the big secret here is people don't want to talk about the economy. the economy is boring and depressing, right? i mean, we've got six months of this. people don't want to talk about the economy. they just want to have less ang zitd about it. in terms of the romney campaign, i think this is a significant problem. you have a conservative base still pretty skeptical of him, whether or not he's a true conservative. and you have literally hundreds of millions of dollars floating around there and the pockets of people who learned through the

primary process they can have a more direct impact on the campaign than just writing a check and asking the candidate, pretty please, can you advocate for my issues? i think this will continue to be an issue because money talks and mitt romney is not the guy who's writing the checks. >> even if you're a guy who doesn't want to be in the middle of a controversy, there definitely are some rich guys out there, aren't they, who could use a political campaign to become something more than just known within the people who read wall street journal and forbes. >> look what's what happened in this case. ricketts is on his heels and potentially damage his ability to do what every sports owner does, which is get hundreds of millions of dollars from local government to build stadiums. >> you heard rahm emanuel, he reacted very quickly and very negatively. he doesn't want to talk about this now. >> politics is a debasing sport, so most businessmen don't want to get in the business of

debasing themselves or putting themselves -- >> wait, wait. politics is more debasing than business. >> no, in terms of -- >> ask jamie dimon that. >> in terms of public perception, you'll alienate 40% of your customer base by opening your mouth, right f you're talking about politics -- >> which is exactly -- >> -- why businessmen don't do it. >> which is why rahm emanuel will not pick too big of a fight with ricketts because i think he needs those cubs fans to get re-elected. >> there we got to the bottom line on this friday, heading into the weekend. glenn thrush, matt welch, thank you for coming in. election officials in florida are cracking down on illegal voters using a federal database to look into 182,000 voters they suspect might not be citizens. a member of the aclu, among others, believes this is an attempt to crack down on democratic voters who are poor or minorities. colorado and new mexico have taken similar steps to eliminate

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a huge development in the trayvon martin investigation. prosecutors have released 183 pages of documents, photos and video evidence in the case. so, for the first time, for example, we're seeing the 17-year-old in the security video taken at a sanford, florida, 7-eleven just moments before trayvon was shot and killed by george zimmerman. and a police report concludes the shooting was, quote, ultimately avoidable by zimmerman. let's go live to sanford and nbc's kerry sanders. kerry, so much stuff, photos of zimmerman have also been released. tell us about those. >> reporter: so much was released. tried to sort through it and trying to give it perspective is difficult.

take a look at these pictures. these pictures were taken of george zimmerman, the 28-year-old who shot and killed trayvon martin. he has claimed it was self-defense and in these pictures you can indeed see he has some blood, was bruised. his doctor likely said he had a broken nose. i'm not a medical expert. looking at that picture, i'm not sure that i can conclude whether there is a broken nose there or not. but these pictures are important is because they provide evidence, not only to the prosecution, but to the defense. remember, in florida this process called discovery gives the exchange of all of the evidence. so, if the prosecution turns up something useful for them, that's a powerful piece of evidence. if they turn up something useful for the defense, they have to give them that as well. here's the photograph of the weapon that was used. it's a cal tech 9, 0.9 millimeter, used to kill trayvon martin. then we are the videotape you

already referenced. this is from three separate cameras at the 7-eleven. trayvon martin back in february that night had gone out of his father's girlfriend's apartment, gone down to the 7-eleven, bought skittles, bought an iced tea. you can see the iced tea right there on the counter. then he makes his way out. this tape, i guess, is important if for no other reason because it shows his manner and how he was acting before he left. and then there was clearly some sort of back and forth between these two that resulted in him dying. the real question, of course, is the prosecution has to prove that this is something that was a second-degree murder. not something that is basically giving george zimmerman immunity because florida has that unusual stand your ground law, chris. >> yeah. kerry sanders, thanks very much. i want to bring in msnbc contributor and managing editor,

joanna reed. i know you spent hours and hours last night, up until the wee hours of the morning going through this. there's a lot. what struck you the most? what was an a-ha moment, if you had one? >> definitely the capeu suchs f, one of the two investigators who investigated george zimmerman, in the report he filed that was submitted to the first state attorney saying they thought a manslaughter charge was appropriate, they took into account witnesses said it was zimmerman who was screaming for help. there were several witnesses who said they saw the man in the red jacket being the one being beaten. despite that, they found that zimmerman was culpable because he got out of his car, he could have prevented the confrontation had he not pursued trayvon martin, who was not committing any crime at the time he was in the complex and he had a right to be there. you can see that the prosecution is apparently also taking into account whether or not trayvon got the better of george zimmerman in that fight, it

didn't matter because it was zimmerman who provoked the confrontation. one other quick thing, this is a witness i hadn't heard before. just identified as witness nine, a woman who called sanford police saying that she doesn't know anything about the kid but she knows george and in her words he hates black people and that she thought that he and his family were mean and open about it. she sounded very alarmed. didn't want herself to be identified. but that was a witness i hadn't heard before. >> i hadn't heard that either. the attorneys for both george zimmerman and trayvon martin's family were on the "today" show this morning. let's play a couple clips about what they thought were significant about the new revolutions. >> the most important piece, matt, is what the police determined was completely avoidable if george zimmerman would have simply stayed in his car. if he wouldn't have profiled trayvon martin, pursued him and confronted him, he wouldn't be in jail and more importantly, trayvon martin would be living today. >> we really cannot look at these cases and these pieces of

evidence individually. we have to look at it as a whole only when all the evidence is in play. and we -- i don't have but half of it, so i know nobody else has more than that. we have to wait until that evidence is out. >> when you look through the totality of evidence and you see things like traces of thc, the active ingredient in marijuana was in trayvon martin's bloodstream, but then you see -- there's so many things in this. nothing is ever a straightforward as we might think it is, is it? >> absolutely. i think here are the questions in this case. when this confrontation took place, which of them did not have a duty to retreat? did trayvon martin then at that point have no duty to retreat so that even if he got the better of george zimmerman, he was standing his ground? or was the fact that he did get the better of, at least according to witnesses with, george zimmerman, does that mean zimmerman has a credible claim for self-defense? you can see the visible injuries on zimmerman although it was said by one officer refused

transport to the hospital. they said he refused and also he didn't present as someone who needed emergency treatment. they could treat him at the aen. also in that request it was noted by the officers that all of the calls that zimmerman placed to police to report suspicion persons were all black males. >> joy-ann reed who went through it all last night, thank you. diana summer's family says there will be a public memorial in nashville on summer. the disco queen died of cancer yesterday at the age of 63. tmz reports the five-time grammy winner was convinced her lung cancer came from inhaling toxic air after 9/11. she lived near ground zero at the time. but summer's also smoked. donna summer landed four number one singles in just 13 months, if you can believe it, back in 1978 and '79. she was the first female ever to do that, according to the rock and roll hall of fame.

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not happy. i think this is also behavior that i wonder if people have been out drinking tonight or whether they are mad or angry or incapable of controlling themselves. and i would question that tonight. >> i take offense by that. >> and celebrity chef mario ba tally is living on a food stamps budget for a week trying to raise awareness about potential cuts for the program. >> how do you cut $1.48 per meal? >> well, the proposal is somewhere between 20% and 30%, so i guess you cut it between a quarter and 50 cents. what's more significant than the actual number itself is why we would be cutting anyway? seems when we realize that 75% of the food stamps go to families with children -- >> and if you read only one thing this foodie friday, check out a great piece from "usa today." are you ready for this?

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after three weeks of testimony just an hour ago the jury in the john edwards trial started deliberating. their verdict will tell us whether he goes to prison for up to 30 years and whether his gamble not to testify and not have his daughter or rielle hunter testify paid off. joining me is former prosecutor and civil attorney john q. kelly and professor steve freeland. good morning to both of you gentlemen. >> hey, chris. >> professor, let mre start with you. i got to wonder if either side slept much last night. this was considered a tough case to prove, but is it clear now who presented the stronger case?

>> i think both sides ended strongly. the defense talked about the bill of rights and talked about how john edwards was dupeded by his former trusted aide, andrew young, who went rogue. the prosecution on the other side said, could andrew young really have been the one who was driving this bus? they said that john edwards threw his former aide under the bus. it's in the jury's hands now. they're driving the bus. >> abby lowell, defense attorney for john edwards had an interesting opening to his closing yesterday. he point to two books, a bible on one table and a book of federal statutes and and said these two books never mix. his message to jury is there needs to be separation at the essence of the edwards trial. a moral failure is not necessarily a criminal failing. is that what this case goes -- >> yes. he's a sinner, not a criminal. that's been their defense.

edwards, you know, had an affair, de everything he could to cover it up but he did so within the confines of the law. that money was private donations and was being used to basically save his wife the public humiliation of his affair becoming public. rielle was being shuffled all over the country. it just begs the question of, if he was trying to spare elizabeth, why not just cut off the affair and why not just quit the presidential election? why go on this long expensive path of hiding rielle instead of, you know, taking things into his own hands and putting it to bed? >> i imagine you've talked to a few jurors. you have a sense of sort of what goes on in those jury rooms. and i guess my question is, when you have something as dry as campaign finance law and something as emotional and at times heart-wrenching, had you people on the stand crying, people in the audience, kate

edwards leaving with tears in her eyes. can the jury separate those two things? >> i don't think they can. i think here at arm's length you look and say the prosecution proved its case. the heart of the matter is, the jurors know that john edwards has fallen so far, so hard, so publicly, there's nothing more really they can do to him that's not going to affect his two children more than him. >> do you think that that eventually might be what they base their verdict on? >> i think it might be. >> being punished enough? >> not him, his family, his friends, staff, supporters, the public, everybody's been dupd, harmed. everybody's got reservations even about the process because of what went on. i think the message is sent out, they're going to sit here and say the only two people left to be further victimized are the two children. that very well could be the reason in the back of the jurors' minds at some point. >> let's go over the charges he's facing because they have to go through all of them, the members of the jury.

four counts of illegal campaign contributions, one count of conspiracy. one count of false stamgtements. what's the key for the prosecution if they get a guilty verdict? >> there are two streams of money, one from bunny mellon, one from fred baron. i think the stream from baron is better for the prosecution. bunny money -- >> the bunny money, i like that. >> they can probably separate those two out. but they're now going to have to, even if they separate those out, go into the false statements charge and conspiracy charge. they have a lot before them. >> you think this is going to take a while if they do their job and jurors tend to do that, they tend to go through things point by point by point, this could take a while, professor? >> jurors like ending on -- right before a weekend, but they just got the case today. there are tons of exhibits, lots of e-mail. if they go through it step by step, we could see some time next week at least.

>> john, what's the conventional wisdom, quick verdict favors? >> a real quick verdict i think would favor edwards if it came in today. jurors are senses ive to the public scrutiny. it's been a four-week trial. they have to at least give the impression they've given each side a fair shake, examined the evidence, discussed it. you won't see a verdict today. >> always great to have you in, john. thank you very much. professor friedland, my professor is graduating sunday on elon. are you going to be at the graduation? >> as a matter of fact, i am. and he actually came up to me last night at the baseball came and said, hey, say hi to my aunt. >> oh, isn't that nice. well, thank you for training him well. now, we just have to find him a job. professor friedland, thank you so much. facebook will get a lot more friends today. in less than 30 minutes the company shares will begin trading on the stock market. facebook's ipo will value at over $100 billion and create a

few new billionaires as well. the first and most obvious example of making money is mark zuckerbe zuckerberg. this ipo will make the just-turned-28-year-old founder the 29th richest person on earth. he is now richer than google co-founder brin and page, according to bloomberg, although not as rich as bloomberg himself or bill gates. but there will be any number of already rich people, like u2's bono, who invested in facebook back in 2009, who will just get so rich. after facebook shares begin trading, bono will become the world's richest rocker, overtaking sir paul mccartney by $500,000. joining me from askthemoneycoach.com. should i be crying because i didn't get in on this? >> we didn't get in. >> what happened? >> no, i don't think you should be crying. obviously, there's a lot of speculation built into this stock to the extend that none of us knows what's going to happen. obviously, the big expectation

is we'll see a pop at the open when it starts trading but in many ways, this ipo was really richly priced. if you look -- >> i wonder, where do these numbers even come from? >> they have a series of underwriters. they go out and meet investor demand. they sort of think about where the company is likely to perform. they look at revenue. certainly, they look at earnings. on the revenues and earnings side, though, you know, this company is coming out and asking about 25 times earnings, where the average tech stock is about four to ten times earnings. on the earnings side, though, because facebook earned about $1 billion last year, net profits, they're asking about 100 times earnings. that's super pricey, in my book. >> if you had a few hundred bucks you couldn't get in. it's people like bono -- >> we've been trying to explain to folks, the average investor, today is the day they can actually get in. the big money, the very wealthy investors, the hedge funds,

institutional funds, you know, the mutual funds, they got in before. the price was set. they were buying before or they were facebook insiders who are able to cash out and get very wealthy. today we'll see the average retail investors out there. there's a tremendous amount of interest in this. let's be real. >> yeah, i've heard people say, oh, i wish i had gotten in when apple first, you know, hit, so everybody is looking for that one thing. >> i think there's this -- >> to help put their kids through college or whatever. >> there's a huge expectation like, i don't want to miss out on the next microsoft, the next apple, the next google, et cetera. obviously, you really do have to evaluate each company on their own individual merit. there's been a huge amount of interest in social media companies, chris, let's not forget. and we think social media is here to stay, but that doesn't necessarily mean it's going to make you rich. look at all the ipos last year in the social media space. zynga, groupon, pandora. a lot have tanked.

linkedin' is up 30% or so but it's had a wild ride. came out of the gate guns blazing then the stock lost half its value the next month. it's up overall but it's been a wild ride. we don't know what to expect. >> the message is, this is not a game for the faint of heart. >> not at all. >> thank you so much. we just mentioned u2's bono before. he's andrew mitchell's guests at 1 p.m. eastern time. and facebook might be having a great day but reports out say that hewlett-packard plans to cut 25,000 to 30,000 jobs next week. that would be 9% of the computer giant's global work force. cnbc's mandy drury is here with what's moving your money. what's going on? >> you know, chris, according to those familiar with this plan, the ceo meg whitman may announce that major layoff, as you say, possibly up to 30,000 workers,

with next wednesday's earnings call where she'll also talk about the restructuring plan. china, one of hp's highest gross growth areas, will probably be spared as well as r&d efforts. whitman is trying to reposition the company away from pcs as things like smart phones and tablets are obviously displacing desktop computers. something which could also lead to a decline in revenues for hp by about 4% this year. >> all right. let me ask you quickly about jpmorgan, ceo jamie dimon has been called before the senate banking committee tuesday. what's going to happen there? >> obviously, it's over the bank's recent $2 billion trading losses, that could go up to $3 billion, maybe more. it's ignited a huge political debate as well, chris, over whether or not large u.s. banks like jpmorgan need to be reined in more by regulators. his testimony will following hearings with regulators to implement wall street reforms.

in the meantime, by the way, more news on this. the unit of the center of jpm's losses built up more than $100 billion in positions in asset-backed securities structured products. what are those? portfolio basically comprises some of these risky bonds at the center of the financial crisis that we saw back in 2008. so, this is a story with quite a few more legs. >> oh, boy. always good to see you. have a great weekend. >> you too. the olympic flame is now on its way to the united kingdom. carried on board a jet in athens a little while ago. yesterday the flame was passed to princess anne. after it arrives the torch relay will begin leading up to the july 27th opening of the olympic games. time out. sweet. [ female announcer ] with charmin ultra soft, you can get that cushiony feeling you love while still using less. charmin ultra soft is designed with extra cushions that are soft and more absorbent and you can use four times less

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while they may help the environment, reusable grocery bags may be bad for your health. in a recent case, almost two dozen people were stricken with the stomach flu and the cause was traced back to reusable grocery bags. scientists say the bags can be perfect places for germs and diseases to fester. mitt romney's so-called bill clinton strategy and president obama invoking ronald reagan. it does appear this year that the ghosts of presidents past have been haunting the current race for the future leader of the country. joining me to talk about it, republican strategist and former white house aide in the george h.w. bush administration, joe watkins and democratic strategist and vice president for communications at center for american progress, danielle gibbs. good to see you. >> good to see you. >> the latest example of this happened this week. mitt romney using former president clinton again to kind of make a dig at president obama. let's listen.

>> bill clinton announced that the era of big government was over. president obama tucked away the clinton doctrine in his large drawer of discarded ideas. it's enough to wonder if maybe it was a personal beef with the clintons, but probably that runs much deeper than that. >> joe, "the new york times" in looking at this wrote, for the record, bill clinton does not actually support mitt romney for president no matter how many times mr. romney, the presumptive republican nominee, cites him in speeches. why does he keep talking about bill clinton? >> he's highlighting things bill clinton did good for everybody. that's a smart thing to do. remember, the battle here is not for republicans alone. it's for the middle, for independents, for swing voters, for democrat who is might vote for a republican. so -- >> so those swing voters who voted for bill clinton might be attracted to mitt romney? >> absolutely, absolutely. if they know mitt romney has -- >> are you buying that daniela?

>> i'm not buying that at all. to borrow a line from my boss, maybe mitt romney was too busy firing people in the '90s to remember what bill clinton actually did. you know, he raised taxes on the wealthy. he made investments in infrastructure and education and technology and these are all things mitt romney is against. so, i'm not sure what mitt romney is thinking about invoking bill clinton. may i remind you, bill clinton is out there campaigning for president obama, so he just opened up a big stage for bill clinton to come and talk about all the reasons why he does not support mitt romney. >> we've also seen, though, president obama citing a former president. listen here. >> this president gave another speech where he said it was crazy, that's a quote, that certain tax loopholes make it possible for multimillionaires to pay nothing while a bus driver was paying 10% of his salary. that wild-eyed socialist tax-hiking warrior was ronald reagan. >> joe, if you think it was

smart the way mitt romney used bill clinton, is it smart the way barack obama is using ronald reagan? >> absolutely. the same would be true, of course, for president obama is that clearly he doesn't support everything ronald reagan supported and ronald reagan, were he able to talk about it, would likely not support barack obama. he would be supporting mitt romney. that being said, it's good for a democrat to speak well of democrats, democrats speak well of republicans. that's the point here. the battle is for the middle and i think it's going to be a hard-fought battle to win swing voters and independents. >> if we buy into that sort of strategy, the reason that both sides are doing it, i'm trying to figure out why romney has multiple times brought up, and not in a favorable light, former president jimmy carter. take a listen to that. >> it was the most antismall business administration i've seen probably since carter. who would guess we would look back at the carter as the good ol' days. >> romney asked if he would have

ordered that strike to kill osama bin laden and he said, quote, even jimmy carter would have given that order. so, daniela, what's the point here, do you think? >> i think he's just trying to, obviously, get some cheap digs in at former president carter. honestly, he's a little -- it's beneath him. i want to make sure i'm clear. joe's on the record saying raising taxes on the wealthy is good for everybody because that's what ronald reagan supported? just want to make sure we're all on the same page there. i mean, look, the problem -- the problem for mitt romney -- >> i don't think we're on that page. >> the problem for mitt romney is you have republicans like chuck hagan saying ronald reagan would not recognize the republican party today or make it out of today's primary for the republican party. so, i think it's very -- mitt romney, it's very tricky for him. >> daniella, joe watkins, good to see you. >> good to see you. back to the massive facebook ipo for a minute. the tweet of the day comes from

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one of the most anticipated ipo next hour. what happens when the stock starts trading moments from now? can wall street live up to the hype? when can everyday americans jump in? we'll talk about how they can get in the cyber gold mine. and trayvon martin said they wanted all the information out there but do the details help or hurt george zimmerman? meet the men behind this wildly popular marriage equality campaign. man candles, snookis baby bump and a baseball bee swarm. let's go down to the wire. father's day is around the corner so how about yankee's man

candles as a gift for dad. there's riding mower described as the summery scent of freshly cut grass or two by four, the unmistakable scent of wood and sawdust. first down is described as being as exciting as game day and man town, a masculine blend of spices, wood and musk. snooki showing off her growing baby bump. the "jersey shore" starlet tweeted out this self-port rat writing, in love with this. shows off the bump perfectly. speaking of babies, check out adorable white rare tiger cubs born in eastern india. they're healthy but kept under a close watch while they adjust to their new environment. the buzz in the colorado rockies dugout wasn't about the game. at the top of the fifth, thousands of bees swarmed a tv camera near the dugout causing a brief delay in the game as a bee keeper sucked them into a vacuum cleaner-type thing to relocate them to his hive. a vacuum cleaner type thing.

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good morning, everybody. i'm thomas roberts. breaking new, topping the agenda, the mother of all ipo openings. right now one of the most anticipated stocks to ever hit wall street is making that splashy tradin debut. any second now, facebook stock will begin trading on the nasdaq and just an hour and a half after one of the newest and youngest billionaires rang the nasdaq's opening bell from facebook headquarters in california, the frenzy overfacebook reaching a fevered pitch instantly transforming stakeholders into billionaires and creating more than, get this, 1,000 new millionaires among the company's 3,000 employees. even at what seems like an affordable $38 a share, the chances are you are not going to be able to get your handle on that stock, for right now. john ford is live at the cnbc bureau in san jose,