>> business news from the capital regionon. this is "washington business report" with abc7 tional correspondent rebecca cooper. captioned by thee tional captioning institute --www.ncap.org-- >> sings for joining us for a look at businesess and finance in the washington region. this wee what went wrong with the facebook ipo? tracking concerns about the health of the global economy. we will have those topics comiming up later in the show. first, some career advdvice from a washington area hometown girl made good. here is what happen when we

got the chancece to discuss the media industry, her career, and life as a working mom with katie couric. katie couric, welcome to "washington business report." >> thank you very much. >> welcome to abc, too. was that a big decision for you? >> of course. switching networks, i have gotten to be pretty good at it by now. after five years being with cbs, i decided it was not the best venue for what skills iring to the table. i'd like to interact and have fun and do serious stories as well. to be in a less confining foat. so i talked to different folks and i thought it abc presented the best opportunity for syndication. i really like the people here.

it just seemed to be the best fit for me. i am really excited to be here. i am so gratified that i was welcomed and embraced by the people who work here. >> other business people have be faced with similar situtuations. when you took that job, i thought that is not going to be a fun job where you can sit on a couch and do some of the goofy fun things, but it is an important and history-making job. did you feel a burden of history that you would be the first woman anchor? >> it was important for me to take on that job because i would be the first woman who would do the evening newscast by herself. there were other women who were coanchorors of an evening newscast. i just thought, you know,

think to projec confidence in an important job like that is such a critically important message to send out, not only to young women but two young men as well. i was very cognizant of that. i also thought it would be an excititing challenge. i am all for taking on challenges even though it is scary atat times to get out of your comfort zone. i just thought it would be a good opportunity. when i was approached about doing the evening news, the idea was i would try to -- the network wanted to sort of reinvigorate it and do something different with a less traditional n newscast with more interaction and interviews. that really appealed to me. when push came to show, they

were concerned you build it and they might not come. if we changed the newscast to differentiate ourselves, it may not work with an older audience. >> the current newscast, what they say is dying. >> i think change is scary not only for individuals but for institutions. >> you could easily go back to the old format. what is not scary about trng a whole new format? why not coast on what you already know you do well? >> i think i am the kind of person who likesaking risk. >> she did guest host recently on "good morning america." >> i think "gma" wasas making significant progres. i credit all of those fololks with

"the today show." it was a fun experience for me to be back on television. i have not done daily tv since i left cbs. >> that is the next question that so many people face painting once you have achieved a certain level of sucuccessss, you can retire. you u can step back. you could be a classroom mom. you have a lot of options. white work so hard at this stagee in your life? >> i am not ready to retire yet. i feel like i i have a lot of productive years ahead of me. look at barbara walters. i admire her so much for staying in the game. she obviously loves what she doe i ve what i do. i think i have a ridiculous work

ethic. i'd like learning. i have tried to embk on a lifetime of learning and staying with the times which is why i think i have embraced social memedia. >> social media is embracing her. let's see if i wrote it down correctly. katie couric great for yahoo! stock. it iyour new show on yahoo! >> it is segments. >> these short segments on various topics are garnering big headlines for yahoo! she felt it was important to position herse for where she thinks the industry is headed. >> i was talking to yahoo! before i came to abc. clearly, the landscape is shifting. obviously, television still has

a very important role. increasingly, people are consuming information from the internet. >> after losing her husband to cancer, she says her hat is s off to mothers who work at home or raise their kids. she is still constantl calibrating the right balance being a working mom outside the home. >> by the time i could have been ready, and my girls are almost both off to college, , it is a little late for me to be the class mom. i try to be involved in my daughters' schoolsls as well. >> you are a workaholic. for people who do not know the personal side of your life, you have somehow managed to achieve -- i would not call its balance.

but you spend an enormous amount of time with your daughters and your family. >> it is challenging. rather than striving for balance, i am always recalibrate. i really d too much this week with work or i travel to much or i committed to too many evening events. that, i think you have to say whoa, this is out of whack. i need to be hope muc more. or i am home and my daughters are out with their friends and i am totaling mymy thumbs. it is very difficult especially with teenagers because they not plan in advance. if you think you are going to stay home friday night, d terry says shes going to steady, then she decides at the last minute toto go out i think eve age of raising a

child prents diffent challenges and joys. i am very mindful of what i'm doing. my daughter let me know. she will say you he been going out too much or i want you around. it is nice when you're teenage daughters want you around. >> i think she is fairly ambivalent about that. she is not very g good at letting me know that. >> she edits her ownwn parenents for teaching her a strong sense of w work etethic. the daughterr of a former journalist and energetic mom eleanor who spent summers vonteering at a summer camp. during the schoo year, earned good grades and getting involved. >> i ran for vice president of my elementary schooand the president of the student council in fourth grade.

my dad was always helping us write speeches for my elections and my mom was helping us do posters. i think my sister wasas running for secretary. kiki. my mom did a poster courtesy of kiki couric and put it above th water fountain. >> she also creditser parents for teaching her the value of a dollar. grateful f for her own financial success but warning her daughter's be ready for the warren buffett way when they get older. >> the idea of having a designer handbags is repugnant to m when they were growing up, elli wanted a certain watch when she was in third grade and they were $100.

i said absolutely not. there was no way i was going to buy an 8-year-old girl a $100 watch. they understand the value of things and that you have to be smart about money. i have told them they are on their own when they graduate. i said you guyhave to go out and make your way in the world and earn a living. i really believe in the importance of financial independence for women because things happen and people get divorced or people die as they did in my husba's case. you need to stake out your own role and i think a sense of purpose. they seeee how much fululfillment i get from my ofesonal career. >> our thanks to kie couric for the time she spent with us. her show launches in september. up next, the arlingt chamber of commerce.

this country was built by working people. the economy needs manufacturing. machines, tools people making stuff. companies have to invest in making things. infrastructure construction, production. we need it nonow more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning.

i'm proud of that. making real things... for real. ...that make a real difference. ♪ ♪ >> welcome bk. we want tocknowledge a group ofof businesses and businesss people honored by y the arlington chamber of commemerce e at the ards ceremy held this past week, recognizing bunesses thatat have made significant contributions to the arlington communitity and the greater washington area. the awards were presented to companies providing outstanding quality of service and products while also displaying a concern over the success of the arlington community.

this year's winners -- the technology small business of the year -- the home business of the year when two -- the non-profit of the year went to -- an amazing story of growth and success for a multimillion- dollar nonprofit started in the 1950's by parts trying to find jobs for their disabled children. the corrine business of the year went to -- andhe 2012 large business of the year went to -- the pbs station servi the entire washington area. congralalationons to the winner's. also, the arlington chamber inducted three new membersnto the hall of fame. the president andnd ceo of an offi products company. a former state legislator and lotime arlington leader.

and the founder of a chevrolet dealer the award accepte by his son who says he watch this show everyeek. kudos to you all. up next the facebook relationship with investors is in court. we wilill talk about it with josh bo after t break.

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>> welcome back. we spend e extra time with kakatie couric and downsize our roundtable. joining us today josh boak from

lititico, here to reflect on the facebook--driven news. we take blac friday and we said itit did not look too hot on facebook's opening day. >> it got even w worse. as of now it looks lilike facebook's stock is down bmore than 17%. >> now it is going down. classic way not to handle an ipo. >>a lot people who could not get in on bubuying facebook are not too bathetic for those who got in because we have been sayinghis companwas overvaed. >> facebook had a secdary market bore the ipoays those shares were tring on the. the chance of an average investor being able to me a

score was undmined. we have discussed you get se control in the companyheyou buy stock. in this case,ark zuckckerbeberg still l retains contntrol of facebook. you are placing a b of whetr he can lead the company to increaeased profitability. >> he is a smart programmer but not t a smart businessma we were busy with e-ils all week saying we told you so.. i sent out an article to both of you that i liked. a list of incompetents, a and the top on this list was the facebook cfo a young guy in his 40's who c couldld notave handled this in a woworse way. the coo punted d on dng a lot of

things inlved with the ipo a now may regret that a are explained to shareholders why she did. alsoso on the list, morgan stanley working g hand-in-hand to try to decide w many sharereso offer, h many retail share and how muchh to buy them a. >> the metaphor here if we want to borrow from mark zuckerberg's life is that iteemss though facebook thought about the ipo as a marriage when in fact it was just the first date. it was his chance to introduce himself to the public, and was a bad f first date. he did not know wi the silvlverware went and ran out of conversation topics. >> speaking of the marriagage, he did se the deal with his longtime girlfrien. she had to write up a contract with him to move to palo altoo

and a she wrote that they had to spend 10 hours a w weekk togetether as a couple not at t faceok headquarters. you noted this week that wet leasknow more about the wedding dress. we know how much mark zuckerberg spent on the dress. >> $4,700. that is what investors really -- >> or more if they wait in cash in on the shares. there was a lg list of other people that re blamed. includinthe other banks in the deal -- j.p. morganhase. it caught my attentition when everyone was outlining the way jamie dimon was distracted from his $2 billion messp. he proudly displayed a suit he had custom made to look like a hoie justo kiss the ring of

mark zuckerberg. >> this is part ofof the huge proboblem. the hype associated with this ipo undermined the i ipo itself. what is going to happen to the backlogf companies that are also looki for an ipo after having followed facebook's model? >> manyaving to repay stockholrs because it gotoo high. a marand resident --- >> exactly. it is like christmas in july y for the new york stock exchange. >> one o of the other things that caught our atttion this ek was friday's "walltreet journal. much of it preredicated on the proble that chinana has been the savior of economic groth and is now faltering. that means as a result briil is

faltering, gmany one of its top p trading partners. it is not just grereece that we have to keep an e on this we. >> a gm chief economisist ward his biggest concern was the slowdwdown in c china. we often dodo notemember that the key soururce of growth for general motors anall those companies happens to be in china. >> i say w listen to the old company's like gm. gm told us it wasot even worth one pennof their global ad budget. lilisten to gm this week. >> that wod be a hug change from the roughlhly last 20 years. >> josh boak think you could joining

>> our number o of the week, 30, could make this memorial day weekend very memorable for car dealers. kelly blue book is forecasting an increase of 30% this year. two additional sales days in may as well as moree inventory to sell. we hope you hahave a great memorial day weekend and thank

yofor joing us.