brian shactman.a double dose of brian shactman with a market flash. >> how do you do that? that's magic. >> it is magic. it's tv. smokes and mirrors. >> thank you, mandy. look at xg shares. it's not a big cap. it's a small cap. 300 million. look at the stock chart. they have adopted a shareholder rights plan obviously to vet and fend off any unwarranted takeover overtures. so the assumption in the stock price is maybe people are poking around and trying to protect themselves a little bit or exact the right premium if somebody does scoop in and try to go after them. 11.5% to the upside after being totally flat for most of the day. back to you, mandy. >> yeah, you're getting a lot of big spikes there. okay, thanks, brian shactman. coming up next, how would you like to make $51 a minute? well, we look at the staggering gap between what ceos make compared to the rest of us. and just say no to the ipo. i wonder if facebook wishes they had. herb's going to help us debate are successful companies better off

in the meantime brian shactman has a market flash for us. brian. >> hey, guys. listen, i want to look at two ipos today with interesting price action. the first is audience, adnc, makes audio chips for iphones and other mobile devices. it priced at $17 above the range of $14 to $16. up 16.5% from there. so it's done quite well. priced above and it's up. the other one is wageworks. it's a benefit administrator, actually priced at $9 below the $10 to $12 range and it's at $10.22. seems like maybe it priced a little below what it should have. so in terms of optimism, be a little more bullish on audience but both up double digits. >> indeed they are. thank you very much, brian shactman. >> up next on "street signs," p&g announcing some groups are leaving cincinnati and moving to your old hometown, singapore. an ugly thing for the u.s., or no big deal? >> plus, one big money guy says mom and pop have no business trying to compete with the big boys on wall street, but we know you've done pretty well with names like these. cramer's fired up and ready to defend your hon

we want to get to brian shactman.gative things and something to the effect that problems on many levels that the company has but i want to be clear with people out there, he did not specifically say that he is short the stock. the market seems to be interpreting that to a certain degree but did not expliciting say that. we have scott walker monitoring all of these. he's going to give us a full recap. that stock we've talked about a possible merger between those two companies. back to you. >> brian, thank you very much. 18 minutes left in the trading session. let's get you caught up with a quick stat check, among other things. the volatility index, fear indicator climbing for a fourth straight session on those nagging uncertainties over greece's political and economic future. it's still in the yellow flag territory above 20 at 22.37. the nasdaq is on course for the second three-day losing streak of the month, if you're keeping statics. nasdaq down 18 points, not too far from the 20-point session low. maria? >> big stor

let's go to brian shactman for a market flash. >> fascinating dynamic, tyler.ou very much, courtesy of breaking news producer robert hum, gold is down again. gold stocks usually follow with it. that's not the case today. almost all the gold stocks are up on strong volume. you have new mont, bar rick all up strongly on good volume. back to you, sue. >> thank you, brian. the market is starting to better itself a bit. now down only about 44 points on the trading session. some may be linked to the news on greece. we are counting down to the closes in the metals market. gold back off of its lows but down again today. when we come back, a live update from the nymex on the final floor trades of the day. >>> as we mentioned earlier in the show, gold's having another tough day. off of its worst levels, but we hit lows not seen in more than four months. the close is happening right now. and sharon epperson is tracking the action at the nymex. i wonder whether the news out of europe will help going into the close or hurt going into the close, sharon? >> well, it looks lik

brian shactman here at the markets desk. take a look at an intraday chart of salesforce.com. it is down more than 7%. a lot of that weakness has to do with the weakness in cisco. but there is some analyst defense coming. raymond james says buy the dips here. ubs has come to the defense of the name, but it's obviously taking a hit. the volume on this stock, sue, triple the average daily volume already and we have a lot more trading to go. back to you. >>> we're going to vegas, mike. >> vegas! >> you think we get there by midnight? >> we're going to be up by hundy by midnight. >> that was gary on the way to vegas. the only guy wearing the tie, by the way. filled with the big money players, so, gary, what are they talking about? what's the big scoop? >> sue, that was crazy. by the way a lot of your old friends behind me say hello. a lot of the chatter is about carlyle group. obviously a lot of private equity players are focused on what's happened there. the hedge fund managers placed a deal last wednesday, five down days in the

brian shactman, what's happening. >> sully, listen, fascinating movements in netflix.he green. of course the stock's been pummelled of late. and whitney tilson told scott wapner he's been buying all the way through. a stunning reversal on a down day. it's just been on its own. netflix now up 0.04%. now back to you. >> thank you, brian shactman. the broader averages are all the disaster du jours. so we're going to skip that altogether today. we're going straight to sunshine. leapfrog is our sunshine stock. it's up around 15% today. and for the year it's surged or leapt, if you'll excuse me, around 85%. elsewhere, facebook's the it disrupter company as well. twitter as well. all created by men. in silicon valley there's actually a group of young women trying to give these men a run for their money. jon fortt is live in the tech novation challenge. >> got more sunshine for you, mandy. we have 20 young ladies here who competed in the challenge that culminated last night. actually, i'm here with tara who is the organizer, ceo of iridescent that helped put this together. tel

brian shactman here at the markets desk.ou want example number 472 of the facebook hysteria, an analyst initiating coverage before the stock even trades. wedbush initiating with an outperform and a $44 price target, which they'll probably have to increase that target after it starts trading. basically saying more users should drive usage which should increase advertising revenue, mobile revenue is a huge growth opportunity, payments opportunity, 12-month target of $44 reflects 22 times their 2015 eps, sue. the hysteria continues to build. >> thanks, brian, very much. all right, the markets down about 155 points on the dow jones industrial average. we're going to bring everybody in and talk a bit more about that. ty is here with us. jeff kilburg is here with us and here onset with me is steve grasso. steve, start with you. your feelings about today. i just looked up and it looks like the upside volume is gaining a little bit of strength but still a lot of pressure on the market. >> you nailed it before. is it about the econom

meantime, let's go to brian shactman for another market flash. >> thanks.also fascinating if you have status, you can bring your family with you when you board early having an elite status. pcx, patriot coal, stock halted several times. took it on the chin. they revealed in a filing that they have hired blackstone to explore some options. rebounding today, not enough to make up for yesterday's losses. but a 13% gain on this tape. look at that including yesterday's losses still down 34%. 12%, 13% today, tyler, with the market overall being down like it is isn't too bad. back to you. >> brian, thank you very much. it's been a rough day for the markets, as brian just mentioned. let's take a look now just for what it's worth at some of the biggest losers of the day. dell, its worst day in something like 11 years. down almost 18% at 12.39 a share. red hat, down and corning and intel lower. counting down to the metals close. we're watching that meeting in brussels. waiting to see if any of the european leaders will have anything to say that will effect the market

brian shactman brought it to you before the break. john, just to reiterate the news, you have a powerful hedge fund manager questioning the resume of the ceo of yahoo!. this is is a big story. >> that's right, brian. i have a call into yahoo! about that. i haven't heard back from there. stonehill only offered one course in computer science. they also say that patty heart said incorporate filings, third point says here, that her degree is in fact in business administration. and though she may have taken a small number of courses and not for a minor degree. of course, there could be all kinds of reason for these information being in the filings if it is in fact correct. we want to hear what they have to say about these degrees that these board members are listed as having, the third point says that they do not. >> it will be having to see what they have to say on this. herb, what do you think? >> when you have a ceo or someone high up in a company who has sort of stretched it on the resume, i've mentioned this in a variety of stores ove

back to brian shactman we go.ing and shaping. >> it's the biggest mover to the upside at the earnings and the real key for the media company is the full-year guidance. they are projecting revenue for the full year. consensus 20 million less than that at 342 and the stock is poppinging. maria, back to you. >>> brian shactman, thank you. up next, my exclusive interview with john boehner on some of the biggest issues concerning americans today. >> we're not in for more stimulus bills and we're not in for more bailouts. i can tell you that. the u.s. house of representatives will not go there. >> and he was justgetting started. stay with us. if rz if rz ravitational pull and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, maya

but first up our own brian shactman sets up the story. good evening, brian. >> reporter: the energy sector has been waiting for this. the key take aways from the white house new rules on fracking. companies need pre approval to fr frack. no company can least land and do it. companies will need to disclose what chemicals are in fracking water, but after the job is done. originally it was before a job but the industry lobbied to change it and they succeeded. lastly this only pertains to federal and native american land. that is a big deal, because only about 3,000 wells out of the 13,000 drilled and fracked are on public land. some companies welcome some of this. they want to weed out the bad operators. by the way, some companies like halliburton disclosed the chemicals used in the fracking process. the other piece of energy news has to do with keystone pipeline. trans canada resubmitted plans for the xcel poip line. they might the project in two. look at the bloo and red lines. the gulf coast project which is in red, is almost fully approve

with xerox, you're ready for real business. >>> brian shactman here at the trading desk. on what is going on at the conference. sully, back to you. >> brian, thank you very much. >>> she may be old but she's kwilt quite a

brian shactman here at the markets desk. you know, sue herera mentioned monster worldwide right into the break. turns out the stock was halted. it just resumed trading again. it's up more than 15%. according to reuters it's attracted takeovers from parties like linkedin. it expects to send out potential information to potential buyers next week. of course in early march the company said it was open to exploring all options. the stock is on the move. seema has another one on the move at the nasdaq. jamming today. >> that's right. if you were watching "power lunch" yesterday, we told you arena pharmaceuticals was a stock to watch. advisory panel voted 18-to-4 in favor of arena's fat buster which could be the first obesity drug to hit the market in over ten years. the advisory panel highlighted some concerns around the drug's side effects including heart valve problems. so what's next, the fda will likely make its decision by june 27th and vivus will hear back by july 17th. so clearly the race is on. analysts at jefferies putti

we're back in two. >>> brian shactman here at the markets desk.f course we're following all of the headlines out of the sohn conference. like at gildan. a lot of cotton-related apparel. the spike is on that reference. and cotton price haves come down, but long-term cotton stays low, they could make a lot more money. talk about money, money that's been lost in the last week in terms of course market cap and losses at jpmorgan, let's dpo to mary thompson with a lot more details on breaking news. >> hey, brian. i want to update a story we reported earlier. jpmorgan spokeswoman telling cnbc, bruin iksil, he is still employed at the firm. jpmorgan declining to comment on whether or not he would eventually leave. sources say iksil is expected to leave the firm at some point. keep in mind, this is my take on the story, you need to keep the people around who structured these trades in losing this $2 billion trading loss for jpmorgan to help you unwind or at least start to unwind them. iksil is in that category and could likely be around, you know, around

brian shactman hit that after the market. stock got crushed. it's back up.his still, mandy, just a super tug of war. and later on we're going to talk to d ro about how chesapeake's financial troubles could spill over into the nba. >> yeah, the stock's down around a three-year low. next up, we're looking at ancestry.com. >> yeah. nbc -- you may have heard of it, canceled the show called "who do you think you are" and they used ancestry.com technology. that stock down more than 13%. piper jaffry and goldman out defending saying buy the stock on weakness. you can look up the great history of the drury's in tasmania. >> i've done it. i think it's a fantastic site. bmc software spiking on news of what? a hedge fund acquisition? >> sort of a yahoo!-like situation with less visibility. eliot associates acquiring more than a 5% stake saying they're going to nominate a slate of five directors to the board, bmc software adopting a poison pill takeover defense. point is another takeover activist fight could get nasty. >> nasty can of worms. finally, beleaguered nokia n

brian shactman here at the markets desk. as tyler was touching on groupon, groupon was touching highs of the day. take a look at the stock. it's up about 20% plus for the day. they report after the close. julia boorstin will break down the numbers for a preview in the next half hour. but two cents on $530 million in revenue is the key here. keep in mind you see 21.5%. it's still down more than 40% for the year. but the volume, people positioning in front of these earnings is furious, already double more than their average daily volume. tyler, to you. >>> thank you, brian. now to the political air war where the obama campaign is taking dead aim at mitt romney and at wall street launching new political ads attacking romney for his work at bain capital. john harwood with us now. john, one ad hitting two big issues for the president, jobs and anger at people who make money on wall street. >> no question, tyler. you know, last week the president got diverted into a gay marriage discussion. now he's going sharply back into economi

. ♪ >>> brian shactman here at the market flash. i want to take a look at two new lows.s chesapeake energy. chk. reports that they are delaying the 10q. also, "the wall street journal" reported that aubrey mcclendon made $8 million on the shares that were sold. that stock is down sharply. radio shack, we're talking 26 years in terms of lows for rsh. pretty unbelievable. 4.67. >> we just spoke with sheila bair renewing her call to break up the big banks. we talked to her because of jpmorgan's $2 billion trading blunder. >> and now we're talking to someone who has taken an object sit stance. he says breaking up the big banks will not fix that problem. mark, thanks for joining us. >> nice to be here. >> when i started at krns cnbc e 1990s, i was covering the fdic crisis. >> i would say so many of our financial crisises, whether you look at the s&l or 1930s, small banks get into trouble. of course we need to be concerned about the big banks but it's not a lot better than having a huge large banks. what we need to do is to the extent that subsidies are distorting the marketpl

. >> are we going to mark it down about 77 points, let's getting to brian shactman. >> a lot of stocks, of course making a turnaround. k.e.x., a $3 billion shipping company upgraded to buy from neutral. you see a nice pop on "closing bell" on that stock. >> brian, see you later. >>> :40 minute before the closing bell sounds. >>> that's right. europe and our economy concerns about those two issues are crushing oil and gas prices. why that could be good news though. that's coming up. >>> will the falling market throw a wrench into the housing recovery, just as things are gaining traction. we'll talk with the ceo of toll brothers, on a day that the home companies are actually among the best performers. >> they are. as we head to the break, what was a sea of red for the s&p 500 heat map. a lot more green creeping into the picture right now. back after this. sadly, no. oh. but i did pick up your dry cleaning and had your shoes shined. well, i made you a reservation at the sushi place around the corner. well, in that case, i better get back to these invoices... which i'll do right after maki

good to see you. >> thank you. >> let's head over to brian shactman now.e has news on southwest gas. what have you got? >> it is exactly what you think it is. it's natural gas in the southwestern united states. they have earnings that are very impressive. you see a definite pop. was positive before slipping slightly back. earnings were 171 versus expectation of 151 and revenue beat as well. got the chart? like to see it but if not i'm going to send it back to maria who has fired up today. i like it. >> and she hasn't even taken your vitamin. >> right. i can't find it in my pocket. we're 20 minutes in the closing day sounds. we have a market under pressure down 160. >> by the way, happy birthday to my brother today. it's somewhere between bank of america shares and berkshire hathaway. that's all i'm saying. >>> a trader's take on this top market. will it continue into monday. >>> and in the next hour, the jobs report is put back into focus. steve liesman with a special report on how washington is playing politics over the data. can we expect a lot of that i

let's get over to brian shactman on molly corp. >> let me start with molly corp. i just had an exclusive conversation with the company's ceo. afterhours trading is down. it's had a tough couple of weeks. they beat on eps and finding and dealing with processors by the end of 2012 and on the downside revenue miss. now, nordstrom, this is a miss here and got 70 cents versus 75 cents consensus. revenue 2.54 against 2.55 and expect gross profit to decrease. that stock getting hit hard. and back in march fed chief ben bernanke a peace of their mind. the fed has made the entire market and economy a, quote, hall of mirrors. here exclusively, the founder and editor jim grant. >> thank you for joining us. a hall of mirrors, what do you mean? >> a movie starred jim carey and a guy that didn't realize he was living on a tv set, a reality show. everyone knew except for him, he drove his boat in the lake and the lake is like the painted sky. in a way, the trumman show is the world of finance under the control of sent trcentral banks. it's about the manipulation of the things th

brian shactman is there. all right. brian, first off, what is -- it is true.irst news radio -- >> i didn't know that. >> i wanted to throw that out there. and good hockey. i wanted to throw it out to you, what exactly technologywise is happening in the motor city. >> well, brian, actually i think two words you used are perfect. actually happening. it's not on some white board or city planning, they're doing something. this building right here was empty a year ago. now it has three venture capitalist firms inside with a slew of technology start-ups. the interesting thing is there's a lot of young people, educated, smart, hungry, up there, and they're working for salaries that are pretty competitive in new york and silicon valley. a lot of them, sully, are trying to live and some of them are living in downtown detroit. >> all right. so many cities, brian, want this business. they are trying to get it, right? >> yep. >> what exactly is going to win the business -- win the future for detroit? how are they going to stand out on this? >> right. that's the huge quest

. >> we have a market flash with brian shactman. brian, over to you. >> i'm watching shares of cde, it's not french. it's actually an idaho-based miner. the shares are halted right now because of something going on at a mine they have in mexico. difficult to follow. basically this news is this, some workers blocked entrance to the mine, it wasn't safe for other workers. there was a temporary shutdown. the stock is held to the key line here is that the company says they don't anticipate the temporary shutdown to have a material impact on 2012 production at the mine, but they have engaged local authorities for help on this issue. and that is why the stock is halted. back to you, brian. >> all right. brian, thank you very much. so the global epic battle, the battle of the century or at least the last week is set. the heavyweight battle of -- as mandy said earlier, hopium versus eurosis. it's like god zil la moth ra. the doom and gloom from overseas overwhelmed all those bright spots we went through. housing, oil and autos. joining us no

larry, back to you. >> thanks, brian shactman.o with stocks bouncing back, what if investors had a thought experiment. just forget about greece, focus on the usa. later on it's the economy stupid. america is mad as hell and mitt romney is reaping the benefits, gaining ground among independents and swing states. be right back. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. in every way, shape, and form. it's my dream vehicle. on a day to day basis, i am not using gas. my round trip is approximately 40 miles to work. head on home, stop at the grocery store, whatever else that i need to do -- still don't have to use g

brian shactman, nice to see you. you. >>> here's a look at other stories topping the news now, day three of the jury drib deliberations under way in the trial of john edwards. juries ended their talks monday after requesting access to a second set of exhibits including a handwritten note from rachel "bunny" mellon, the 101-year-old heiress providing the nearly $1 million in those funds that edwards used to hide his pregnant mistress during his 2008 white house run. >>> prosecutors will appeal the 30-day jail sentence given to a former rutgers university student for using a webcam to spy on his roommate's encounter with another man. tyler clementi committed suicide days after. dharun ravi faced up to ten years in prison after being convicted of anti-gay intimidation and other crimes. ravi's attorneys are expected to appeal the conviction. >>> president obama delivered an emotional commencement address to the graduating seniors in joplin, missouri, last night. the president spoke on the eve of the one-year anniversary

. >>> we have a market flash with brian shactman. >> patriot coal pcx. sully had a nice psasummary. stock halted again. down more than 43% plus. spiked to 28% if that's a spike. stopped again. we'll keep an eye on it. >>> coming up next on "street signs," from his wedding day to his love for his dog, mark zuckerberg has plenty of time to post on facebook. maybe it's time to stop posting and start talking, dude. is it time he gave us all a status update on facebook's ipo? >> no. he'll be sued. >>> filthy rich and freaked out. a new look at why the wealthy are not feeling so confident. maybe they only have the lambo in yellow. i know it's tough. we'll talk more about this. stick around. luckily though, ya know, i conceal this bad boy underneath my blanket just so i can get on e-trade. check my investment portfolio, research stocks... wait, why are you taking... oh, i see...solitary. just a man and his thoughts. and a smartphone... with an e-trade app. ♪ nobody knows... [ male announcer ] e-trade. investing unleashed. it's delicious. so now we've turned her toffee into a business. my g

brian shactman is at the developers conference down in balmy orlando. >> orlando.put the question directly to the new ceo thorston hines. he says when blackberry comes out, they're confident they will begin to gain back market share. the number in single digits according to some what it will actually be like. but that's the sentiment down here. everyone knows it's an uphill battle right now with hemorrhaging markets here in the u.s. but vendors, some have been with research in motion for years, they're not giving up. and as you might imagine, neither is the company. >> we've had great success with our previous blackberry products, but it's time to modernize. it's time to rejuvenate the platform. this is the first step in doing that. >> as for this keyboard issue, people were absolutely buzzing yesterday about the new virtual keyboard. did it actually mean there won't be anymore physical keyboards on blackberries? i asked the ceo that as well and he said the physical keyboard will be a part of the blackberry portfolio. but it actually brings up an interesting questi

another market flash now however with brian shactman. please don't let it be facebook, brian. >> it absolutely is not. listen to the headlines out there. chinese ruling guilty of dumping solar panels into the u.s. market. that is a source. look at the price action first in first solar. it's popping. it's up 8% plus. of course very much beaten up stock, but that's still a big move. on the flip side, look at a chinese solar company like yge and the absolute opposite move. down 11.3%. we don't know whether the impact will be long-term, whether they're going to limit chinese solar panels from coming into this country? i don't know. clearly people are trading on this. back to you. >> thank you very much, brian. >> that is interesting considering we showed you electronic materials earlier. that's a play on that trade as well. time for our disaster du jour. it's not a solar company. it's a biotech. this is dendreon. traders favorite long and short. the stock is down about 10%. last night it was announced the s.e.c. is opening a formal investiga

to brian shactman now with a market flash. >> i was just talking -- my wife just e-mailed me and saidshe saw lobster bake on groupon should we do it? i see the stock and lock up yesterday but getting hit hard today below $10 just a few minutes ago for the first time since its ipo, hit a low of 9.93. keep an eye on shares after that. second day after the lockup expired getting hit twice as hard. mosaic midday upgrade to a buy price target of $65. it's definitely bouncing off of its lows of the day. sue, to you. >> brian, thank you very much. other big headlines out today, cable vision shares getting slammed. the cable provider beating estimates but its revenue fell short. beam trading at levels not seen since december of '07. bourbon maker easily beating bottom line estimates. and spirit raising fees again for carry-on bags now jumping to $100 for passengers who wait to pay for bags at the boarding gate. spirit currently charges $45 for any carry-on in an overhead compartment. yikes. up next on "power lunch," you saw it here first last week. edvard munch's famous painting "the scream."

let's get to brian shactman.rday after the close we talked about net app and their guidance which really spooked the market. emc in the last few months at least in the equity market, you look at the comparison, has really cleaned net app's clock in terms of gains in the equity market, but even the nerves about what's moving forward and the lack of really clarity and vision into what's going on in europe is spooking investors of emc today as well. down 5%-plus. i'm a fan of both tiffany and costco and the costco people i can see ringing on the hook, you can get jewelry at costco but you can't get a case of 20 paper towels at tiffany. >> well, we were just talking about that, the guest and i. imagine if tiffany operated like costco and you walked out with a crate of diamond rings. that would bring the cost down. thank you, brian. tiffany is down hard today on their earnings wile cohile cost up sharply on better than expected numbers. do you go with the luxury side, with the discount retailers right now? that's what

let's go to brian shactman now at the stocks desk. you're talking about rim? >> yeah. quickly want to point out i just saw yahoo! downgraded to neutral from overweight at piper jaffry. a lot of the analysts were positive with what's going on there. i want to talk about research in motion. itc deciding against kodak saying rim and apple did not violate patent there. rim seeing a pop most likely on that news. apple having a really good day even br this report came out. back to you. >> thanks, brian. up next on "power lunch" as we continue, shares of lowe's getting slammed today on their forecast. we're going to talk about what that outlook is saying about the overall housing recovery. >>> and a big week for earnings, best buy, dell, hp, pandora and tiffany all on deck. how do you trade these stocks ahead of results? tyler and i are back in just two minutes time. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to

brian shactman at the markets desk. i want to take a look at ra, rail america. a power lunch pop.sonville business journal reporting that the company is up for sale. take a look at that spike right there. now up almost 8%. tyler, that is your "power lunch" pop of the day. back to you. >>> when jim cramer talks, we listen here at "power lunch." he is for the small investor, the little guy. and so are we. so we do listen. and he summed up the war between man and machine as well as anyone could on last night's "mad money." take a listen. >> the individual investor has seen the enemy. and it isn't herself. it's endless financial engineering and the arrogance associated w ed with it. time and again that's the real issue behind the woes we get so frequently. >> facebook may be another example of the individual investor getting mauled by the machines. is there any way to make it an even, level playing field? bob pisani recently produced a documentary about it. eamon javers had a fwraet report last week. let's talk to both of them now. bob, are the high frequency traders, are the financia

brian shactman is on the streets of detroit to explain.w, tyler, this building's name -- it's kind of a cute symbol, right? but it is representative of what's going on in detroit. this building was an old office space for a theater. and then dan gilbert, who is a native of detroit also chairman of quicken loans based in detroit and owner of the cleveland cavaliers, bought the abandoned space and he renovated it. the whole thing, specifically with start-ups in mind. vc firm detroit venture partners seated a slew of start-ups hoping to become a fast but lasting economic anchor for detro detroit. >> technology as a whole can create value and wealth a lot quicker than, you know, 1.0 economy manufacturing. so you have a long runway in manufacturing. you're going to have five or seven years maybe from conception to building a plant. where in the technology business as we all know the time frame is shorter and the investment of capital is a lot shorter. >> one really interesting start-up is called upto. as in what are you up to. basically faceboo

brian shactman, thanks very much. enjoy the kool-aid! why not?s inside the mind of the modern chinese consumer and how much influence they have on u.s. brands. keep it right here on "morning joe." i knew it'd be tough on our retirement savings, especially in this economy. but with three kids, being home more really helped. man: so we went to fidelity. we talked about where we were and what we could do. we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. ♪ lord, you got no reason ♪ you got no right ♪ ♪ i find myself at the wrong place ♪ [ male announcer ] the ram 1500 express. ♪ it says a lot about you. ♪ in a deep, hemi-rumble sort of way. guts. glory. ram. last season was the gulf's best tourism season in years. in florida we had more suntans... in alabama we had more beautiful blooms... in mississippi we had more good times... in louisiana we had more fun on the

brian shactman, thank you very much. now here's amy. >>> lester, thank you. mao to north carolina where another week of riveting testimony wrapped up in the john edwards campaign finance trial. testimony about how money from an elderly heiress who thought she was supporting edwards' run for the president ended up being used to take care of his mistress. nbc's lisa myers reports. >>> good morning, good morning. >> reporter: it's been a week of high drama. testimony about the anguish of elizabeth edwards. daughter, cate, leaving the courtroom in tears. accounts of ex mretive laced confrontations between edwards and campaign staff over his relationship with rielle hunter. but on friday, a change of pace. bryan huffman, the decorator and friend of heirress bunny melon told how he became a middleman helping cover up edwards' affair. huffman testified that when melme mellon learned the money she used to help edwards actually was meant to take care of hunter, she didn't condemn him for having an affair. but huffman said she thought that she should probably pay for y

brian shactman has the headlines. brian? >> thank you, maria.oeb's group saying there was a mistake on scott thompson's resume, that he in fact didn't have a computer science degree. yahoo! responding that that is in fact true. he only has an accounting degree from stonehill college in massachusetts, calling it an ined ined a ver tant error. this is from yahoo!. scott thompson's degree was in bachelor of science in accounting. this in no way alters that fact that mr. thompson is a highly qualified executive with a long track record. yahoo! is moving forward to grow the company and drive shareholder be value. interesting to note, maria, the stock actually had strengthened a little bit after the news first came out whether they make a big deal of this or not. it could hurt his credibility in the tech world. it could hurt his credibility overall. we'll see if mr. loeb wants the right seats on the board of directors of yahoo! >> we haven't seen much reaction. not a big reaction. now you're saying that the company is confirming it. we'll see if that

a mike would be helpful, brian shactman.ay for dell since november 10th of 2000 when it was down 19%. it gives you perspective of the context for dell's day today. also want to take a look at new mining. gold down. it is involved with gold and copper. reuters reporting that their ceo is saying that they are reducing their conga cap ex from 1.5 billion to $440 million. that giving some bounce to the stock keeping the cash on hand for something else. >>> time for the road map this morning. the facebook ipo confusion certainly causing problems for the nasdaq's reputation. we are going to talk to a former vice chair of the nasdaq. markets overseas under serious pressure ahead of the eeu policy meeting. we will see what it means for the markets here at home when we bring you the european clothes in 20 minutes. a class action suit against morgan stanley. we will talk to one of the lawyers. see what he has to say about all that and more coming up in the next hour. first, we will br i in our cash and director of floor operations at

brian shactman. day to make sure the stock didn't lose money, as did others. not ap great launch. >> it's trading now. why i brought that out, under $37 in the pre-market trade. $1-plus below the trade. it's a mess. not a disaster. let people modify orders up to the open, overwhelmed, couldn't process it. the other side, people have to understand this company's been trading for a while now on the private market. so when they set the ipo price, $28, went up to $38, first trade, $42. facebook people made money, bankers made money, the institutions and the mom and pops are getting a raw deal. people said i want to be in on it. it's a $100 billion company. 25 times the revenue. it it goes up 40%, is this really a $140 billion company? no. they're at peak at $104 billion if that. >> that's going down, man. it's going down. >> you think it's the next myspace? >> no, i don't. not the next myspace. they've got a lot of customers and a lot of brilliant people running the company. it's not the next myspace, but

let's get to brian shactman with the latest. >> maria, the stock is all over the place. it went down 5% and went positive by a percent or more and now it's back in negative territory. revenues were spot on eps -- approximate 395 was the expectation. gross books, to the upside but that's below consensus and heavily dependent on international. if europe goes further into recession, that could be a problem. maria, back to you. >> all right. thank you. julia boorstin is all over activision. what can you tell us? >> beating expectations on both earnings and revenue, coming in at 6 cents. wall street expecting 4 cents. revenue at 5$587 million. that's higher than the 556 million that wall street was expecting. looking at the important numbers here, the number of players for the games says 10.2 million. and one thing to watch, though, though the company raises guidance for the second quarter and for the full year, those numbers are less than what wall street was looking for. >> julia, thank you so much. >>> the news corp. latest scandal has been baked into the earnings. they wi

i'm brian shactman. walt disney is reporting earnings after the close. perhaps there's an increase on the buy side. maria, back to you. >> barveg of america shares in the red. ahead of tomorrow's shareholder meeting on b of a, the bank announcing it is offering more principal reductions up to $150 thou thou $,000. not only does your house need to be worthless than your mortgage, but you have to be behind on your payments. >> the write-down deal may be one of the few things bank of america is doing right. jim finger is with us. their family goes back a few generations of iterations, i should say, of b of a. your family bank sold out to another bank which became b of a later on and your feeling is that it boils down to a big problem. their ownership of countrywide financial and what to do about that, right? >> well, that's certainly an issue that's been hanging over the stock. you have a lot of litigation in mortgage backed issues. to the extent that that gets done sooner rather than later. >> you advocate countrywide filing for bankruptcy. what would that

. >>> let's get to brian shactman. real digital, rld, a fascinating story. men in black 3 coming out in 3-d. well, it costs about $10 million. who is going to come up with that cost? real digital is trading to the upside. markets and distributors and who is going to pick up that ten million? they are backing off a little bit. there is a push and pull there. that bites into margins for movies like this. $10 million even though these are billion dollar companies. bill, back to you. >> the market may be set to break a three-day losing streak. but facebook will not be among the weekly winners. that stock has a new low and since the ipo, facebook shares have declined by roughly 16%. >> with crude oil at a six-month low, gas prices will die down. the rising cost of something else could take a bite out of your wallet that. is food. jane wells takes a look at how food inflation is impacting shareholders. >> the usda says food inflation last year was 5%, much higher than normal. beef was twice that. it's supposed to return to a more typical level of 3%. but abby is r

. >> novato and so that must mean that it's time for a flash with brian shactman. >> it's a market watch is what it should be. taking a look at the intraday chart, it's up 40% year to date. they had 11,000 shares and now own 943,000. so money piling on the back of that. it's now up 5 1/4%. back to you. >> well done, mr. shack man. thank you very much. >> we'll breakdown the very real threat. why this market is trading on that expectation. that's next. stay with us. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 the spx is on my radar. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus. tdd# 1-800-345-2550 i can custom build my own screens tdd# 1-800-345-2550 or use predefined ones to help me find tdd# 1-800-345-2550 possible trading opportunities quickly. tdd# 1-800-345-2550 i can also bounce my ideas off their trading specialists - tdd# 1-800-345-2550 on the phone or face-to-face. tdd# 1-800-345-2550 and i can trade wherever i want, when

brian shactman, cnbc business news. >> and elsewhere -- >> i was just working out. sorry.ied, mark zuckerberg's lost about $3.5 billion of his -- >> are you blaming priscilla? >> i'm just saying -- >> he would be worth so much more? >> they may not be related. i'm saying it's a factor. >> i blame it on -- >> it's an expensive business getting married. >> it might be more expensive now. >>> taking a look now happening elsewhere. lenovo has computed a 73% jump in fiscal year net profit. that's in line with forecast. the world second largest pc maker strong in markets like china helped counter weakness in europe. the earnings come a day after dell reported a bigger than expected drop in fiscal first quarter revenue. >> fiscal profits down 43%. the company says business and public sector customers are holding back on purchases echoing comments earlyier. the consumer market has become more challenging. the pc maker is issuing a cautious outlook for the current quarter. shares fell 12% in after hours in frankfurt. right now in frankfurt, down 1.45%. that's what we want, the dell

. >> let's go to brian shactman. brian? >> our senior producer brought up. gas. it's popping. it's up almost 5%. one of the reasons is federal government approved nat gas but no firm and concrete information on that necessarily. but the pop is pretty pro mounsed. back to you. >> you can clearly see it on the board. thank you for that. >>> well, it is malone. a serious showdown. stepping up his effort to take care of the satellite provider. trying to prevent it. well, our david faber joins us on this tug-of-war. wireless conference in new orleans, what have you found? >> well, mandy, of course, there is perhaps a contest developing here but nothing says that there is great urgency in that contest t is true that the contract will expire at the end of this year. the news this morning was liberty, which reported earnings, has increased its stake to 45% from what had been a 40% stake in cirrus. they applied to the fcc to say that they were in control and then they said, no, they are going to try it again. at this point, liberty is looking at two paths. one is to

let's go to brian shactman with the latest earnings. >> i want to take a look at kft. that would be kraft. >> there was a slight beat on eps and revenue. their pricing helped offset lower volumes and we have a conference call at 5:00 p.m. eastern time and any heads up on the split-up, i will give it to you, maria? >> we also have linkedin. they have been really active. let's go to jon fortt on that. >> maria, i am seeing these numbers just come in. 188.5 million in revenue. 15 cents nongap eps. it's just above the level where i believe analysts earlier on this program were saying they wanted to see it at 185. this should be positive for the street. i want to see what guidance is. they purchased slide share. they expected to close in second quarter of 2012 for 108. 45% in cash. slide share is an online software, a service outfit where you can share business videos and business presentations. so this marks a move by linkedin to sharing more business content on the site, maria. >> thank you so much, jon fortt with the latest there. the company reporting earnings of 1.65 f

cnbc's brian shactman joins us with the latest on jpmorgan after hours and all the latest breaking headlinesnewsroom. good evening, brian. >> thank you very much. let's take a quick look at the after hours chart of jpmorgan. it's now down slightly less than 7% and futures overall are down on the jpm news. i want to get to other stories, though. the next stop on the yahoo controversy train or train reck. ceo scott thompson told a meeting of executives that he never provided his resume to the company meaning, perhaps, he himself didn't provide incorrect information. every day we say it, stay tuned on this story. >>> also, arena pharmaceutical going through the ringer right now. up 88% after hours as an fda panel votes to approve the obesity drug bringing the company one step closer to full approval. we now know what a stock certificate for facebook will look like. and there it is. there's no like button on those shares and it is not interactive. >>> prince charles gave a tv weather cast today. >> rain. there'll be snow for the higher ground and the highlands. the potential for a few flurries o