to the very top where the bells chime in the bell tower. well here are the bells yes we're in the bell tower. if you look up you'll see it's still house. wouldn't. forty eight bells hang here in imperial times but were lost during the soviets today the chimes sing the russian anthem with ten bells and a few metal beats up here attempt stories of the ground it's always very windy. we've got to go now because the main bells in us are ringing and we are risking mccarrick death and also it's very cold so we're getting out of here. being from the noises of the bells just a few minutes later i found myself near the kremlin central square where people are preparing for a special event so right now we're only cathedral square where a giant fir tree is being decorated for near celebrations these streets between the palaces a warship and the palaces of the stars and can just tell you something one hundred years old which basically means that it was born when the last star was still alive . one can see that this. christmas tree has one a very demandin

this is and then shouldn't bell ringing. for setting up melodies at the tower it's almost two and a half meters in diameter and what is a single it's the national anthem of russia. this . develops strikes the melody of russia's national anthem every six hours cables run from the drum below to the very top where the chime in the bell tower. well here are the bells yes we're in the belt. if you look up you'll see it still has a wooden sealer. forty eight bells hang here in imperial times but were lost during the soviet era today the chime sings the russian anthem with ten bells and a few metal beats up here at ten stories of the ground it's always very windy. we've got to go now because the main bells and us are ringing and we are risking mccarrick death and also it's very cold so we're getting out of here. being from the noises of the bells just a few minutes later i found myself near the kremlin central square where people are preparing for especially so right now we're only cathedral square where a giant fir tree is being d

was that from bell labs?there was no marketing there. >> as far as the human factor, it is possible -- i'm not aware of anything coming out of there that they used for marketing, but it is probably unlikely it. >> were there any patent disputes that came out of the invention of the transistor and who receive the royalties? >> there was a complicated patent story, especially with william shockley's device where he tried to patent it. i don't know if i should go into particulars. after it came out, as far as i know, in terms of challenges known, i don't remember there being any litigation or challenges to their patent. and they went fairly smoothly through. >> is a former bell labs employee, remember that all new products require tariff approval, that could delay product rollout for a year. did you encounter that in her interviews? >> i'm not sure i fully understand the question. so if i am not reading it right, my apologies. so was there a tear for approval on a delay product rollout? >> i'm not sure which. th

was that from bell labs? >> no, there was no marketing there. >> as far as the human factor, it is possible -- i'm not aware of anything coming out of there that they used for marketing, but it is probably unlikely it. >> were there any patent disputes that came out of the invention of the transistor and who receive the royalties? >> there was a complicated patent story, especially with william shockley's device where he tried to patent it. i don't know if i should go into particulars. after it came out, as far as i know, in terms of challenges known, i don't remember there being any litigation or challenges to their patent. and they went fairly smoothly through. >> is a former bell labs employee, remember that all new products require tariff approval, that could delay product rollout for a year. did you encounter that in her interviews? >> i'm not sure i fully understand the question. so if i am not reading it right, my apologies. so was there a tear for approval on a delay product rollout? >> i'm not sure w

they rang the opening bell from menlo park. we are live overhead.uarters menlo park. they had a huge crowd this morning. you can see the big screen. they showed the nasdaq at time square also ringing the bell simultaneously there at menlo park. and again the stocks should start trading in the next hour. we want to take you live to new york right now. we could get a little bump stoc dow jones trading up about 12 points to 1254. investing in facebook certainly helping out u2 bono become the richest man in rock. in 2009 the singers equity firm bought 2% of facebook for $90 million. total shares worth $9.5 billion. in case you are wondering the richest musician was sir paul mccar any he is worth roughly $1 billion. >>> if the fog doesn't roll in, you may be able to see something very rare in the skies this weekend. it's called a ring of fire solar eclipse. that's when the moon blocks the sun leaving a bright halo of light. it will begin at 5:25 sunday evening. the maximum eclipse at 6:32. i'm warning you do not look at it directly. it can cause severe e

>> stay with us after the bell.the economy be pushed into serious recession if hundreds of billions of dollars in tax cuts expire as well as spending expires at the end of the year? marty feldstein with me explaining why washington is playing a very dangerous game of chicken. at the edge of a fiscal cliff. back in a moment. >>> but first before we go to break the dividend. which stock has shot up the most so far this year? cheesecake factory, benihana or p.f. chang's? the dividend pays off after the break. [ male announcer ] whoa, megan landry alert. and she's looking directly at your new lumia, thank you at&t. first, why don't you show her the curved edge... now move on to the slick navigation tiles -- bam, right into the people hub. see megan, colin has lots of friends. hey, colin, what kind of phone is that? whaaa -- oh megan -- when did you get here? [ clears throat ] ohh yea no, let's... [ male announcer ] introducing the beautifully different nokia lumia 900. only from at&t. rethink possible. [ male announcer

welcome to the "closing bell." i'm maria bartiromo on assignment in washington where they have been watching at wall street closely. i'll get into that more with john boehner. the market not too active although i have to say a lot of people talking about this fiscal cliff that we are approaching at the end of the year, bill. >> they are focusing a lot on that in washington and they are focusing on europe and wall street. i'll bill griffeth. here's what the folks from washington and wall street and everywhere else are interested in. it's the stock market hitting a two-month low as euro zone fears head investors down. names like alcoa, hewlett-packa hewlett-packard leading that pack. the nasdaq and s&p fairing a little better. down a little less than half a percent at 29.33. maria? >> yeah, the upset in new york continues to unnerve investors and we will keep an eye on it throughout the program. shares of disney now but down off the lows of the earnings results at the end of the bell. we'll look at how you should pla

again, bell labs was not a huge amount of people. there was about 150 to 15% of them were work anything basic research. a mast majority were working at qooment. they were mostly engineers where most of the science phd. were in the research department. basic department started out very small. in the book i talk about how the great screes with the repeater to the early vacuum tubes that could amplify phone signals in the early part of the 20th century gave credibility to the small research department of bell labs. they exceeded in deploying a cross country phone length. and then on, the research department at bell labbings grow and grew as it worked fundamentally on science. >> you can watch this and other programs online at book tv.org. >> and now joining us on book tv on c-span 2 is dr. jew dit. she is most recently the author of this book, "sexual sabotage, how one mad scientist unleashed a playing of corruption on america." who was this the mad scientist? >> a lot of people know who is by now. that would be dr. al friday. the found

that's coming up on the "closing bell." bell."hat happens when classroom teachers get the training... ...and support they need? schools flourish and students blossom. that's why programs like... ...the mickelson exxonmobil teachers academy... ...and astronaut sally ride's science academy are helping our educators improve student success in math and science. let's shoot for the stars. let's invest in our teachers and inspire our students. let's solve this. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... i'm with scottrade. >>> hi, welcome back. i'm standing at the post of chesapeake energy at the new york stock exchange. the name has been in the news, obviously. chesapeake one of the worst per

[bell] [cheers and applause] [applause] >> hello. what i want to say is that i was here last time, and i am going to reiterate the same message i gave last time, that this is unnecessary. it is a waste of taxpayer money. ross was working with people in the jails, making life better. it needs to be fixed because the right person is not running it. you have to let him go back and do his job. they say they are doing this to help eliana and their son. nothing i have seen has helped them. let the man go back and do his job. mayor lee is a sore loser, but he has got to let it go so the people in the jail -- andross can take care of his family. [cheers and applause] . >> good evening, commissioners. my name is eric bob mcdonnell, and i am here to urge you to drop these charges, dismissed these charges, and reinstate wasa mirkarimi immediately. this case is not about a bruised arm, and i can prove it to you. i myself that two badly bruised arm when a violent felony was committed against me when i was attacked on the streets, only to be denie

mark zuckerberg ringing the opening bell.d of funny, we talked earlier this morning about how many facebook employees stayed the night last night for what they called a hackathon to make sure they were all here for the opening bell. we have seen in the last ten minutes or so, a very steady stream of cars leaving the facebook campus. you would think it's like 7:00 or 8:00 at night, but a lot of these people have now been here for an entire day/night cycle and they're going home very satisfied that although their wealth is still virtual and not cashed in, they are doing very much better financially than they were at this time yesterday. facebook as you mentioned pricing at $38, that is where the ipo happened last night, putting all those billions of dollars into the company bank account. that's where the individual investors, well, the sky's the limit. trading's expected to start around 8:00 this morning and we will see where that goes. these employees will not be able to trade in their shares for anywhere between three to six

[bell] [applause] [whistles] [applause] >> thanks. i am bernie. i raise the point that the agreement that ross signed was probably underdress with the situation that all parties would abide by it, given the absence of one who affirmed my supposition, it is likely that mayor lee and the city attorney have broken that agreement. therefore, the agreement is impede it. a different case. second, on the question of priorities by the district attorney, the sunshine ordinance task force unanimously agreed that the board of supervisors acted egregiously, in violation of due process, continuously, and asked that the district attorney take a case against them, but that was held to be a secondary priority to ross mirkarimi. there is something very wrong with that. i have served with ross as a friend and colleague on the san francisco tomorrow board, when he served honorably as an officer of the court -- the district attorney's office. if that does not prove integrity, i do not know what does. thank you. [bell] [applause] >> hi, my name is -- and i have known

like bell, he has also been cited numerous times for inappropriate conduct.tchett says he has been forgiven for the past. >> when you accept god into your life, he says to forget about your past because you're a new man in christ jesus. this one here says that the holy spirit leads you in the small things of life every day. and then i back it up with acts 8:29, 16, 6 and 7. >> what is it that you are doing? >> writing a script for the bag. and i fold them up. and just put them in the bag. i mix them all up later on and pass them out. and everybody will be blessed. this is a spiritual bag. the bag was given to me by god. >> the bag was given to you by god? >> to make it and all of the scriptures and everything in it. >> so, the inspiration was given to you by god. >> yes. >> where did you get the bag? >> the bag, i picked up here from the kitchen, i think it was. >> pritchett says god inspires him in other ways as well. >> you pray in tongues? >> yes, ma'am. [ speaking in tongues ] >> you don't know what it is. and it's not done in church. but it's done betwee

welcome to the "closing bell." for a monday. >> maria is back tomorrow live from washington with her exclusive interview with house speaker john boehner. so tune into that. for the meantime, the markets right now, u.s. stock market stopping the global sell off in its trackes. shrugging off all that uncertainty, and in france and greece, perhaps signaling that austerity over there might be in trouble. we did lose our share on friday ahead of elections so maybe some of it is priced in. here is a look at major averages. dow jones trying to get into positive territory and it has done so by a third after point. but we will take it considering what it looks like this morning. nasdaq is in positive territory by a little more than nine. just below 3 thousand w 2,966, not quite right below, but -- the s&p 500 right now is also in positive territory. 1372. >> individual stocks we are watching today, yahoo! shares rallying in the session. as you know, activist shareholder issued a noon deadline for today, for yahoo! to fine i

. >> welcome to the "closing bell." i'm michelle caruso-cabrera in for maria bartiromo. >> and i'm bob pisani in for bill griffeth. they will both return on monday. take a look at the major average. right at the open drifting lower. nasdaq, similar situation. techs were leaders early on s&p 500 only down fractionally for the week. just turning negative. >> jpmorgan still getting hit hard here in the home stretch. and now reports that regulators sources telling the nyse over jpmorgan's accounting practices and public disclosures bad day for jpmorgan but not so for the overall market. does this mean that that bad trade is just a hiccup? bob? >> time for the "closing bell" exchange. outspoken activist sharon jackson. first, ron insana and our own rick santelli. what is your take on this? do we need to bring back the glass eagle? >> i've always felt that way, bob. had the government, in the wake of the scandals, i think prosecuted some financial ceos for violations, filing materially false financial statements and had they

bell ] >>> it's a special edition of "the closing bell." the facebook frenzy. it's the epic ipo everyone is talking about. how can you cash in on the biggest public debut in recent memory? will the offering be a game changer? or the next big tech bust? we've got all the angles covered as the countdown to facebook's ipo begins. right now. >> welcome to "closing bell." you've got the numbers. >> apparently they have priced the ipo of facebook at $38 per chair. let's go to kayla tausche who has been following the story all along from the beginning. and i guess we got a price now. that was quick. >> we do have a price, bill. we've been reporting this all day. apparently just crystallizing at $38 per chair for that facebook price. now we reported that investors were being floated the idea of $39 a share. but take a look at what the markets have been doing. in the month of may, which is when they have been marketing this deal to investors, the nasdaq 100, down sharply, down 7 2/3. the s&p tech index down 8%. that was a benchmark for this deal. an

"closing bell" is next. >>> hi, everybody. welcome to the closing bell. we enter the final stretch. the market locked in a tug-of-war all day today, bill. >> you took the words right out of my mouth. investors not taking minutes in the fed that came out despite more fed members may be in favor of additional stimulus for the economy if things were to get worse. wall street once again taking the cues from the euro trade as the political crisis there weighs on that. the dow is up 19 points. we've seen a little buying come in in the last few minutes. back to positive territory at 12,650. the nasdaq so far today has been doing the same thing. it's down ten points but coming off the lows. now at 2883 and the s&p 500 index down a fraction at this hour at 1330. >> meanwhile, jpmorgan chase wants to continue a decline in the final hour of trading. stock down once again today and the bank is now the target of two separate shareholder lawsuits. accusing the firm of taking on excessive risk that led to trading losses of at least $2 billion. keep it here. we have this developing story coming up

now, big ben is the bell.british politicians wanted to rename it elizabeth's tower in honor of the queen's 60th an anniversary. >> how loud is the clock? >> reporter: it's indescribable. your whole body shakes. even if you cover your ears, have you to wait 20, 30 seconds. it's terrible. >> charlie, can you hear me? can you hear me, charlie d'agata? >> which did your hearing begin to go? you know what i think is so great, until your report today, i didn't -- i did not know big ben was actually the bell. i always thought it was the whole clock. i love it when i learn something on "cbs this morning." >> and as she's learned everything she's always wanted to know about big penn. and more. >> reporter: everything you've ever wanted to know. >> and then some. thank you, charlie d'agata. >>> tommy hilfiger is here today, the all-american fashion designer, joining us to talk about his journey from bell bottoms, remember those, to big, big business. >>>,,,,,,,,,,,,,, ♪ >>> familiar red, white and blue logo reminds us o

mark zuckerberg rings the opening bell.howing all of these employees waiting in menlo park. >> a little bit of las vegas for here in the bay area. a mass of casino project on its way to getting a big green light. >> one woman killed, one man and young child both in critical condition after an accident here in berkeley. coming up we will tell you what police say is common to this intersection. ,,,,,,,,,,,,,,,,,,,,,, >> you are watching cbs 5 eyewitness news in high- definition. >> a facebook founder mark zuckerberg kicking off today's nasdaq trading session. >> he sure is, let's ring that bell. it is ringing. there you go. he is ringing it remotely from his facebook headquarters in menlo park. you can see it at all the employes are thrilled. today's the day that this gushers go on sale on the nasdaq. trading started right now, but the facebook stock will not start selling for another hour and half around 8:00 our time .. facebook will trade under the ticker symbol fb. they're making a lot money today. we've been talking abou

mark zuckerberg ringing the nasdaq opening bell remotely from menlo park.rting the trading day there and the trading day is special. >> however, you won't be able to trade facebook stock right away, because facebook is trading on the nasdaq which doesn't open up initial public offers until layer in the trading session. -- until later in the trading session 8:00 this morning. in an hour and a half, look at excitement outside menlo park. live team coverage watch is going on there. amy hollyfield starts our team coverage on the facebook ipo live in menlo park with more on the frenzy. these are live pictures from sky 7 hd. >> reporter: hard to believe many of the people in the building behind me will become millionaires. the biggest payout will be for co-founder mark zuckerberg. he started this company as a 19-year-old harvard student. he's expected to sell just a portion of his shares today for more than a billion dollars if you average out all the shares among the employees here at facebook, the average employee will have shares worth 2.9 million dollars. let

welcome to the "closing bell." i'm maria bartiromo with the new york stock exchange. >> and i'm bill griffeth. stocks may be down at the moment but the markets are poised to break a three-week losing streak as we kick off the final hour of the trading day heading into the long memorial weekend. dow jones industrial are down 77 points. yes, the energy level is high today as they get ready for the "closing bell." we're on the lows of the day after word came out that spanish bank bankia is going to need 19 million euro to shore it up there. the nasdaq at this hour is down four points, just off the lows of the session at 2835. and s&p 500 index is down to 1317. >> one stock that has not participated in a rally this week on wall street is facebook. down another 4%. threatening to close at the lowest level since going public. with a decline of 4.5%. we will take a look at how far this stock will fall from current levels. >> what levels do we need to close at to break that losing streak. fort for the dow we need to be at

welcome to the "closing bell." i'm maria bartiromo here at the new york stock exchange. >> i'm bill griffeth. another volatile session. off the worst levels after selling off sharply at the open. the dow fighting to snap a five-day losing streak. as we go into the next hour, we see the nasdaq hit positive territory. will it be six down days, you ask? the next traunch of bailout money and then the rumors were denied later in the day and in fact a plan is out there to give them at least a portion and that's brought the market back here well off 77 points. the nasdaq, there it was, briefly positive about an hour ago and now down eight points. at this hour, below 3,000. s&p down six points. >> a pretty volatile day. we have less than an hour to go. we set our sights on cisco. check it out. stock rallying today after the close tonight. i'll speak with john chambers about the company's latest results. going to keep it right here with us on that because cisco has a great opportunity in terms of a window into where they ar

after the bell, cbs kicks off media earnings.ames in this industry should you be tuning into? answer on the next hour of the "closing bell." >> agricultural space higher than 7%. [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. and celebrex is not a narcotic. when it comes to relieving your arthritis pain, you and your doctor need to balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen, and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, whic

back in a minute on "closing bell." ll."igh schools in six states enrolled in the national math and science initiative... ...which helped students and teachers get better results in ap courses. together, they raised ap test scores 138%. just imagine our potential... ...if the other states joined them. let's raise our scores. let's invest in our teachers and inspire our students. let's solve this. and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going. go for olympic gold and go to college too. [ male announcer ] every day we help students earn their bachelor's or master's degree for tomorrow's careers. this is your moment. let nothing stand in your way. devry university, proud to support the education of our u.s. olympic team. >>> investors keeping a close eye on linkedin. last quarter when they reported, the stock jumped 18%. could it happen this time around? could you be getting in or out of that stock? joining us is on the technical side, mark newton, chief

bell labs was a just one line.a few labs in new jersey and in a small laboratory and chester, new jersey which was the town with very phone calls halfway up and would spend years putting contest go first to see if they would need through the cables that want to make sure they have the best cable. it was a company in pursuit of excellence with their money to pursue the excellent than the time and the luxury of time. >> it is interesting because as we come back to the thought of how it was different and significant ways from the mantra that we think of here in silicon valley as you reference in a recent "new york times" tori quoting mark sachar burke of facebook saying they must move faster break things. and it seems second families who have this interesting contrast between bell labs, started the bigamous low versus the quick and the nimble. i mean, as part of your argument is of value to being big and slow? >> i think so. i don't think one is bigger than the other. but the balance is valuable for its proven really

heading to the closing bell.ting lower again, down 123 point on the dow. >> if you are bullish, commodity are not the place to be today. but our next guest has his eye on the beaten down sector that thinks is about to rally. >> we will get to that, then the commodity king himself. my old friend jim rogers about where he is finding the best opportunity in that sector. >> look at the major kmad its a kmod /* commodity and how they are trading. >>> welcome back. selling everything today. they've been getting crushed lately. just in the last week, the index which tracked commodities has fallen more than 3%. within the sector, gold, oil, all falling better than 1% today alone. we want to look what is behind this action. >> director of energy trading to kind of go through this for us, you look it currencies first. the euro hit a four-month low today. as long as that continues to happen, commodities go lower, isn't that right? >> that right, bill. we will look at currencies until the end of time when it comes to commodi

scott, opening bell was pretty smooth. first hours of trading, not so much. >> not so much. good morning to you. it was kind of a rough start for facebook this morning, darn close to a mess. not only did we cross 7:00 a.m. without promised trade. 8:00 a.m., no trade. 8:30 we got the first trade to go across. not a proud moment for the nasdaq obviously. the stock then went nearly nowhere. current prices for facebook are

>>> hi, everybody, welcome to "closing bell." i'm sue herera in for maria bartiromo, but she'll be right back here tomorrow. >> welcome aboard. glad you're with us. i'm bill griffeth. stocks are getting hit by a one-two punch today. the weak economic data out on the u.s. this morning, and continued concerns about europe's political situation. if the dow closes lower today, it will be the 11th loss in the past 12 trading sessions. and right now as you can see, the dow is down 89, about 90 points here, near the lows of the session at 12,505. the nasdaq has been even harder hit, down 1.4% today. ironically, i guess, if you want to put it that way, ahead of the facebook offering tomorrow. there is the s&p down at 1312. >> speaking of that, we're count do you think to the ipo pricing of a company that you just may have heard a little bit about. it is called facebook. we're expecting facebook to price at or above the $38 high-end of its range. and keep it right here on cnbc. we have the story covered from all angles in the next two hou

mark zuckerberg ringing that bell.he 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

"closing bell" is next. >> take care. >>> and we welcome you to "closing bell." my partner maria bartiromo will be joining us shortly. we're coming off the lows in a smart way, though right now. 8% is the number we're keeping an eye on. that's how much we were down from the s&p 500's highs set in april. the market flirting with another correction, that would be 10% decline, as wall street turns its back on the risky assets, but we are seeing a bit of a bound, let's look at it right now, there it is, smartly we were down 190 on the lows of the day for the dow, now down 84 points at 12,418. we will keep a close eye. 11 points at 2827. the s&p 500, as we said at one time down 8%, with the low point of the day, now smartly off that. >>> talking about phony phony, that stock is bouncing back. the gains today come despite preliminary inquiries into facebook's messy ipo offering, and they were being sued by shareholders as well. right now we want to circle back on this sea of red on wall street, risk aversion back on the street, as political wrangling in europe sends in

jesus was not homophobic. [ bell chimes ] [ applause ] >> this is my favorite addition of the john andk you sweety. love you guys. >> speaking of the things that keep me up at night, i'm always -- [ fun-facts music ] >> oh. [ applause ] >> not only is -- the president obviously saying bain capital obviously fair game yeah corey, talking to you. but here is the one -- the analogy that drives me in insane mitt romney said we only bankrupted a few companies -- >> um. >> like all of them. >> and how many thousands of people lost their job. >> and then he bringing up silindra. [ screaming ] >> are you saying that some businesses fail and some -- it's like. first of all it started under bush and the government has always invested in green energy like that. >> absolutely. >> i got to spend time with vann jones last week, so i am fired up about green jobs. expects are saying one of the reasons was the cost of components went sky high -- >> oh god. >> yeah. yeah, but whatever. >> the components used in solar cells. >> thank you. >> so it's not his fault that any of the businesses went bankrupt