morgan stanley will pay $5million penalty over facebook's ipo. regulators in massachusetts are fining the brokerage firm for allegedly disclosing facebook's revenue shortfall to analysts -- but not the general public. according to reports.. morgan stanley alerted analysts a week before facebook ipo-ed on the nasdaq. one of the latest deals on wall street has the media in focus. nielsen which already is said to have a monopoly on gathering tv ratings... is moving into the radio market. nielsen is buying arbitron for $1.26 billion dollars. the deal still needs approval by regulators. meanwhile.. neilson is also tie-ing into twitter to measure social media chatter about tv programs. . if mcdonald's has its way there'll be more than just chinese take out available on christmas day. hoping for higher december sales in its stocking mcdonald's is taking the unusual step of urging restaurant owners to open on christmas day. the request is surprising and attributed to the pressure on mcdonalds to increase same store sales. those sales were down in october

from facebook's ipo to the new apple boss, to the fiscal cliff. look at the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening.

the rest of us worried about the fiscal cliff. >> number eight, facebook's ipo. hundreds of millions of people like the ipo but investors did not. trading glitches and questions about the company's ability to make money on mobile users pummelled the stock, which has yet to climb its way back to its ipo price. >> number seven, mother meyer. the new ceo of yahoo! who announced she was going to take a two-week maternity leave. looks like the mother's touch is exactly what yahoo! needed. >> number six, mother nature. a drought sending prices sky high. >> who can forget superstorm sandy? millions without power and damages as high as fifty billion dolla dollars. >> number five, is china leading the world. we do know that china will be the biggest leading. >> china. china. >> it's clear that china is a competitor and a partier. >> number four, europe. the european union was fractured by too much debt approximate the austerity plans to fix it. that saga is far from other. >> number three, the housing market finally bottomed out. low home prices and record low mortgage rat

facebook's ipo. hundreds of millions like facebook but investors didn't on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users hurt the stock which has yet to climb into its ipo price. number 7. mother meier. the new ceo of yahoo to announce she was just going to take a two week maternity leave. 37 years old looks like it's what yahoo needed. number 6 . a intense drought in the midwest that burned the corn and soy sending prices sky high. who can forget sandy? neighborhoods along the northeast september away, millions without power and damages as high as $50 billion raising lots of questions about united states structure and whether we should be spending money to fix it. number 5, is china slow something we know they will be the biggest economy in the world by 2020. >> china. >> chain a. >> chain a. >> reporter: they are getting more than a few mentions during the campaigns. probably because it's pretty clear they ar

. >>> next, the stories that affect your bottom line, from facebook's ipo to the new apple boss, to the fiscal cliff. the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> breaking news tonight, one of the greatest voices of her generation, whitney houston has died. a tragic end for an iconic singer. whitney houston who battled with drugs and alcohol for decades was found dead in a los angeles hotel bathroom. her death was ruled an accidental drowning with the effects of heart disease and cocaine use listed as contributing factors. she was just 48. that was one of the biggest entertainment moments of 2012. some might say 2012 was the year versus the rest of us. employment, home bryces and the

. >>> next, the stories that affect your bottom line, from facebook's ipo to the new apple boss, to the fiscal cliff. the biggest money stories of the year. >>> and later this hour, the ten most intriguing people of 2012 as chosen by you. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. to take a centrum silver multivitamin every day. i told him, sure. can't hurt, right? then i heard this news about a multivitamin study looking at long-term health benefits for men over 50. the one they used in that study... centrum silver. that's what i take. my doctor! he knows his stuff. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your most complete. >>> breaking news tonight, one of the greatest voices of her generation, whitney houston has died.

from facebook's ipo to the new apple boss, to the fiscal cliff. a look at the biggest money stories of the year. and later this hour, the ten most intriguing people of 2012 as chosen by you. trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. with annoying aches and pains and more time asleep. with two times the points on dining in restaurants,? you ma

massachusetts regulators finding morgan stanley $5 billion over the facebook ipo. shares, right now trading up $0.35. $5 million. sorry, that is a big difference. lori: we will take a look at facebook, as well, for you, shortly. melissa: hedge funds caught by most in the month. the fiscal stalemate is already taking an economic toll, should you do the same, sandra smith has today's trades. sandra: there definitely has been a change in tone on the trading floor. i was just seeing something hit on the wire up there. it looks like we are still at a stand still. >> it is a product of the risk reduction. we are seeing a lot of hedge fund reduction. the fear is really gripping all the markets right now. we will continue to see that until we see some sort of deal. sandra: are you bullish heading into 2013? >> i am optimistic. you have to be selective. i think it is a muted situation and we will see a big increase going into year end and next year. sandra: thank you. commodities somewhat next. there is a big surprise down here as to why we are not getting an even bigger bo

signs of improvement in the housing and job market, but in silicon valley, the highly anticipated facebook ipo fell flat. the city of stockton made headlines as the largest city in the u.s. to ever file for bankruptcy. and a deadly shooting at oikos university in oakland left seven people dead and a community in shock. and obama care was given the seal of approval by the u.s. supreme court, now poised to take on prop 8 and the defense of marriage act. california's high-speed rail stayed on track but just barely. the controversial bullet train came under fire from many sides with funding still in question. the state parks were saved from closing but suffered another setback when an unused surplus of millions of dollars was discovered sitting in a secret account. and there was also excitement. the golden gate bridge celebrated its 75th anniversary, and a new bay bridge neared completion. the mars curiosity captured our attention and imagination, turning thoughts to the possibility of life on other planets. and with their backs against the wall, the san francisco giants refused to die, bringing h

morgan stanley paying $5 million fine to the state of massachusetts over facebook ipo.omplaint against the banking giant cited improper influence of bankers over wall street analysts. morgan stanley shifted into fox business state is pleased to have reached a settlement and put the matter behind us. american drivers are getting more relief at the pump as gas prices dropped to the lowest level of the year. according to aaa daily fuel gauge, the national average is down $3.25 per gallon. we continue our countdown to the closing bell with liz claman. liz: thanks, adam. nicole, let's get to you. looking at one mobile phone record that has been on a roll. everybody has these things for holiday gifts. nicole: let's take a look at the stock, up nearly 3% on the day. nokia cracked the $4 barrier today. one of the reasons, one of the competitors, htc, could be pushing aside some big plans to compete with nokia. large screen windows phone, and the technology doesn't support that. htc recently launched droid dna. guess what, i am not really into the insides of these phones, but i

. >> number eight, facebook's ipo, hundreds of millions of people like facebook, but investors did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users, pummeled the stock, which is on its way back to the ipo price. >>> number seven, mother myer. the new ceo of yahoo! who announced she was just going to take a two-week maternity leave. >> number six, mother nature, an intense drought in the midwest that scorched the corn and soy crop sending prices sky high. >> the ocean is just beyond. >> and who can forget superstorm sandy? millions of neighbors, their houses swept away without power, damages, and raising questions about infrastructure and whether we should be spending some money to fix it. >>> number five, china, is china slowing or leading the world? we do know that china will be the biggest economy in the world by 2020, for sure, by 2030. china also getting more than a few mentions during the presidential campaign's probably because it is pretty clear, china is both a competitor and a partn

. >> number 8, facebook's ipo, hundreds of millions of people like facebook, but investors did not.rst day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummelled the stock which has yet to climb its way back to its ipo price. >> number 7, mother meyer. the new ceo of yahoo who announced she was going to take a two-week maternity leave. it looks like a mother's touch is just exactly what yahoo needed. >> number 6, mother nature. a drought in the midwest that scorched the corn and soy crop sending prices sky high. who can forget superstorm sandy. damages as high as $50 billion raising lots of questions about u.s. infrastructure and whether we should be spending money to fix it. >> number 5, china. is china slowing or leading the world? we do know choina will be the biggest economy in the world by 2020, for sure by 203. china getting more than a few mentions during the presidential campaign, probably because it's pretty clear china is both a competitor and a partner. >> number 4, europe. the european union w

the rest of us have been worried about the fiscal cliff. >> number eight, facebook's ipo.reds of millions of people like facebook, but investors did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummeled the stock, which has yet to climb its way back to its ipo price. >> number seven, mother meyer. the new ceo of yahoo! who announced she was just going to take a two-week maternity leave as she tried to turn this company around. 37 years old, it looks like a mother's touch is what yahoo! needed. >> mother nature. an intense drought in the midwest that scorched the corn and soy crop, sending prices sky high. >> who can forget super storm sandy? neighborhoods along the northeast swept away, millions without power and damages as high as 50 billion dollars raising lots of questions about u.s. infrastructure and whether we should be spending money to fix it. >> number five, china. is china slowing or leading the world. we know china will be the biggest economy in the world by 2020.

. >>> morgan stanley slapped with $5 million fine for the handling of the facebook ipo a massachusetts regulator says the bank had dishonest and unethical practices. morgan stanley shares are up slightly. >>> we start with the republican counteroffer in the fiscal cliff negotiations. john boehner talking about a flurry of anticipation now that he he is willing to raise taxes on people more than million dollars. a huge tep. not all republicans are happy with it. those hikes must be balanced by cutting entitlement programs. he spent more time with president obama today to try to hammer out a deal. we have a money power panel to sort this one out. roger altman, former deputy treasury secretary under president bill clinton. die an further got roth. and steve hays is a senior righter at "the weekly standard" and fox news contributor. welcome to all of you. roger, you think this is the real deal? >> well, i think the chances for an agreement, a serious agreement, a major agreement are impositiving as we see these additional details. this is taking the pattern, familiar pattern that one often

miserable and not trying to make you hate stocks even more than you do in the wake of the flash crash, facebook iposo many examples of insider trading it's hard to count. i'm trying to help you cope with your own fallibility as investor to make sure you're as prepared as possible to avoid losses caused by the slings and arrows of an outrageous market or whips and scorns of a european politician. while also putting yourself in a position to maximize your profits when things are going well. yes, and you know we've got to do that because bulls make money and bears make money and hogs gets slaughtered. a diversified portfolio trumps conviction. used to have it on my pc. by never having all your stock eggs in one sector basket you'll never have to suffer through the agony of watching everything you own getting crushed when that basket gets run over by a truck or an oncoming train. what if you want to put an extra layer of protection against a market that's become increasingly volatile and difficult to fathom in recent years? that's where the new diversification comes in, diversification by strategy. jus

what's happening to social media and to facebook after the ipo and then all the questions about facebookhe big washouts of history let alone the year. that ipo was one that got a lot of people soured on this idea of all the social media worth it. the zynga story has been a watchout. this is a trend that's not going away. >> always good to see you even when you don't have gifts. >> thanks. >> grammy winning singer is joining us next. we'll tell you why he thinks one book is so important he's giving it away. >> announcer: this portion of "cbs this morning" sponsored by lifestyle lift. find out how you can light up your life. ♪ >>> people call him johnny football. we've also kboep jonow johnny m as a heisman trophy winner. we've also kboep jonow johnny m as a heisman trophy winner. >> we talk to him about the +1 well, inside the brewer, there's a giant staircase. and the room is filled with all these different kinds of coffee. actually, i just press this button. griego with your cbs-5 news headlines... one person is in the hospit, went 400 feet over >> your realtime captioner: linda marie m

it's enn response to the high-profile technology errors around the facebook ipo and specifically about night capital's $440 million loss due to a software error. the switch would be operated by the exchanges and provide a systematic shutoff if a firm went over a prescribed limit. >> we're getting close to a possible framework as we it rate through the different possible ways to implement something like that and in the industry what parts should be mandatory and what part should be optional, whether it's at the clearing level, whether it should be at the sro level. all those types of issues are under discussion. >> the other major concern for lawmakers, dark pools where a security's price along with the identity of the buyer or seller is not always disclosed. right now there are 40 dart pools in the u.s. operating alongside 13 public exchanges. the concern, there's a potential disadvantage to the overall markets and, of course, retail investors. maria? >> that. ton, thank you so much. >>> as the debate continues on capitol hill, back on wall street, seth marin argues that high-frequency

. >>> facebook's ipo may have been one of the biggest stories in the ipo.here is a looming threat that could derail all the social players in the new year. we will tell you what it is and get you to the trading floors when "power lunch" comes back after this. >> announcer: if a budget is not agreed upon by congress americans in the top 1% will see a federal tax increase of over 7%. t your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! mine was earned off vietnam in 1968. 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 serve the military, veterans and th

tune in facebook-ipo -- gabe slate tech report >> reporter: in san francisco muni is celebrating 100e by giving everybody a free ride. you can have full celebration by taking a free ride. december 28th, 1912 was the first publicly owned land based transit agency. if you are not able to take advantage muni will offer a free ride on the new year's eve. mike pelton, kron 4. >> there is nothing like watching a professional chef an action that is what you get at this brand new hot spot. >> my china. martin yen's his celebrity chef creation . >> this is right in front of your eyes. >> we wanted them to taste the food and this this cover >> you can this it close and watch these google and this longevity noodles >> we want them to bring wonderful memories and have a dining experience. to come back againn and again! >> this woman helga has been here for three times. >> i like this very much. i am experimenting with different dishes. i have been here for three times this one week. >> this kung pao and the hot and cool fire in the wok cocktail www.kron4.com 'dine and dish' >> in short life i wh

california said it would benefit from the facebook ipo but look how well that turned out.are grasping at straws to find an outside. but not so much. gerri: i can't find the up side here. i did find one upside, consumers are saving more money. you know how much economists love to make fun of consumers and say they're the chum in the economy and always span whether they have money or not, not any more. they finally got the message. only washington could too. lori: the willis report at 6:00 eastern on fox business. tracy: coming up wall street discouraged by the fiscal cliff. where the safe place to put your money? bob will weigh in next. lori: interest rates, people snapping up on less less security for their money. the ten year note is pushing down the yield to 1.70% level, after 30 years, 2.7% and down four basis points. joe woods' f. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'l

morgan stanley will pay a $5 million settlement for its role in facebook's troubled ipo.ed for violating securities law. let's get a bit more on the world of business with kare karen tso. >> good morning. morgan stanley, as you recall, was a top underwriter for the facebook listing earlier this year. and the securities regulator in massachusetts has accused the company of improperly influencing analysts before that sale. this relates to tduring this tie period facebook had concerns about its revenue outlook. it was saying for the second quarter that numbers would come in at low end of forecasts, between 1.1 billion and 1.2 billion it had forecast. because of this, the reason behind this, they were expecting more facebook users to be getting to the site through smartphones, and therefore effecteding the ad revenue. a morgan stanley banker organized phone calls with similar interests. t in addition to this the information communicated on the telephone call wasn't filed with the regulator with the u.s. securities authorities on the night it was made. the authorities accused

ipo price. what a turnaround. investors are coming back to look at these growth companies. that disaster of the deal turned out not to be such a disaster. cheryl: when i save facebookaster of the deal? >> near-term yes but long-term an interesting company. the stock dropped 50% off of the ipo price to a bottom of 1750 a share. it is almost $20 a share. if you bought the stock in october you would have a nice gain. cheryl: using facebook is one of the things that turn off investors? several ibms we have spoken about, performances have been negative. what does that say about the appetite? >> no doubt about facebook being one of those the cause the state of paralysis. the ridge we did things in 2012, we facebook caused the ipo market to close down for a month and we are at the fiscal cliff which is closing the market again. most of us didn't think this year should have been a stronger year that it turned out to be so facebook was a big disappointment and the trading of these ideas was challenging and we think that is something the market has to deal with. cheryl: mike was 12 years ago. kathy smith, thank you very much. i do want to show you something happening in the

facebook. from zuckerberg's will to the ipo to the ipo's dismal results to facebook's privacy policies you namet. facebook is so overreported. okay biggest government waste pat? >> obama gives stimulus billions of dollars to fat cat friends with green energy companies like solyndra. >> eleanor? >> war in afghanistan. >> overreported. >> no, no, biggest government waste. >> biggest government waste. my material. clarence? susan? >> government junkets, the government service administration spent $800,000 for a conference in las vegas. >> clarence? >> tax cuts for millionaires and billionaires. >> . the biggest government waste is -- as we just heard is the war in afghanistan. the cause was to transform afghan society into a replication of the west. a known cause but unattainable. afghanistan is a failure. count let more shattered lives and an immense waste of money and national prestige. okay best government dollar spent, pat? >> the national weather service which like it or not gave us about a week's head start and head start warning that sandy was coming and probably saved thousands of lives wh

. >> number eight, facebook's ipo. rs did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummeled the stock which has yet to climb its way back to its ipo price. >> number seven, mother meyer, the new ceo of yahoo!. 37 years old. looks like a mother's touch is just exactly what yahoo! needed. >> number six, mother nature. an intense drought in the midwest that scorched the soy and corn crop sending prices sky high. who could forget superstorm sandy. neighborhoods swept away, millions without power and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and whether we should be spending some money to fix it. >> number five, china. is china slowing, or is china leading the world? we do know that china will be the biggest economy in the world by 2020, for sure by 2030. >> china. >> china. >> china. >> china. >> china getting more than a few mentions during the presidential campaign probably beca

. >> 2012 was a big year for business from apple's new world to facebook's ipo in fears over the fiscalwe countdown the biggest business stories of the year. it can sti invent things we didn't buy, faster than any technology. number nine, the u.s. stock market despite all the worries about the fiscal cliff, the stock market had a great year. >> number eight. facebook's i pshlpo. investor diagnosis not. trading glitches and questions about the company's ability to make money on mobile users unload the stock which has yet to climb back to the ipo price. >> number seven, mother meyer. the new ceo of yahoo who announced she would take a two-week maternity leave. 37 years old and it looks like a mother's touch is what yao ya hoo needed. >> an intense drought that scorched the corn and soy crop sending prices sky high. who can forget super storm sandy. neighborhoods along the northeast swept away millions without power and damages as high as $50 billion brings in lots of questions about u.s. infrastructure and whether we should spend money to fix it. >> number five, china. for sure by 2030. >

number four facebook's botched ipo. the most anticipated ipo in years had so many problems.nfusion, and plenty of finger pointing. to top it off underwriters wildly over estimated the company's value pricing shares at $38 apiece. the stock is down almost 30% since. number three yahoo's ceo pads his resume. scott thompson claimed to have a bachelor's degree in accounting and computer science but his degree is only in accounting. guess who's not ceo anymore? number two, jp morgan's $6 billion trading loss. ceo jamie dimon in may disclosed a unit in london lost millions on one complicated trade. he had to explain himself to congress and jp morgan still managed a $5 million profit that quarter. >>> finally the dumbest move in business this year? you guessed it. the fiscal cliff. if we go over analysts say it will spark a recession. then again, congress is taking us right to the edge and maybe beyond. check out the full list of dumbest moments in business on cnn money.com. here's to a smarter 2013. back to you. >>> thank you, alison. if you have finished opening presen presents,

. >> #8 facebook ipo. of people like facebook but investors did not on its first day of at a public company. trading glitches with the nasdaq and questions about the company's ability to make money on mobile users. the stock has yet to climb its way back to its ipo price. >> #7 mother meyer. the new ceo of diablo announced that she would take it two weeks maternity leave when she tried to turn the company around. this is exactly what y'all needed. >> #6 mother nature and intense drought in the northwest. the ocean is just beyond that. >> who can forget superstar on sandy. never along the north east swept away millions without power and damages as high as $50 billion. bring lots of questions about you as infrastructure and whether we should be spending some money to fix it. >> #fanumber five china. china will be the biggest economy in the world by 2020 for sure bartlett 30. >> china,, off, cchian it is clear china is a competitor. >> number for youno. 3 the houst bottomed out. it continues record low mortgag

gerri: facebook. >> the ipo did not do that well and did not satisfy investors word users.vacy in transparency issues. they have a lot of cleanup. gerri: microsoft. >> billingsly call. we didn't really know how that would go and it is also an early call because i don't think windows eight which is the big product launch to the end of the year has officially been a flop yet, but early signs is that they are not quite responding like it would have liked. they still do well in 2013. gerri: we'll know what the problem with that company is. >> they have not launched a new hardware along time and obviously are waiting for their new hardware launch next year. they seem to have lost so much ground in the meantime it will be kind of america. gerri: the biggest loser, sony. >> yes. and then you don't hear any more. the acquired their mobile alarm bell little over a year ago. made promises to innovate. none of that has happened, so maybe we will see what happens next month. gerri: we have to talk about what we teased. the iphone five. tell me, should i not by a? >> it's a great produc

facebook. >> the largest ipo in tech history. >> breast feeding in the picture. >> one article passed has entirery talking. >> the president now believes same-sex marriage should be legal. >> we now know the name of the suspect blamed for the movie theater shooting. >> shooting at the temp in wisconsin. >> police now tell cnn people have been shot in front of the empire state building. >> bath salts. >> bath salts. >> bath salts. >> jerry sandusky sentenced to a minimum of 30 years in prison. >> an iconic statue honoring the late penn state football coach joe paterno is gone. >> the british people are goiag fo the diamond jubilee. >> someone sold photographs of prince harry naked during a strip billiards game. >> one of the hottest around. >> what went wrong? why now? >> isaac is forcing changes at the republican kwex. >> convention. >> what do you mean, shut up? >> thank you. >> all: four more years! >> christopher stevens and three other embassy staff, they are dead. >> we will bring those to justice who committed these murders. >> all the effects of hurricane sandy already. >> sandy's carved

. >> number eight, facebook's ipo. but investors did not on its first day as a public company. trading glitches at the nasdaq and questions about the company's ability to make money on mobile users pummeled the stock, which has yet to climb its way back to its ipo price. >> number seven, mother meyer. the new ceo of yahoo! who announced that she was just going to take a two-week maternity leave, as she was going to try to turn this company around. 37 years old, it looks like a mother's touch is exactly what this company needed. >> number six, mother nature. an intense drought in the southwest that scorched the corn crop. and who can forget superstorm sandy. neighborhoods along the northeast swept away, millions without power and damages as high as $50 billion, raising lots of questions about u.s. infrastructure and whether we should be spending some money to fix it. >> number five, china. is china slowing or is china leading the world? we do know that china will be the biggest economy in the world by 2020, for sure by 2

facebook. it largest ipo in tech history. >> this is breast-feeding in the picture. article has the entire country talking. >> the president says he now believes that same-sex marriage should be legal. >> we now know the name of the suspect blamed for the movie theater shooting spree. >> shooting at the sikh temple in wisconsin. >> police now tell cnn people have been shot in front of the empire state building. >> bath salts. bath salts? bath salts. >> jerry sandusky sentenced to a minimum of 30 years in prison. >> an iconic statue honoring the late football coach joe paterno is gone. >> the british people are going ga-ga for the diamond jubilee. >> the flying squirrel. >> the fab five. >> ryan lochte. >> someone sold photographs of prince harry naked -- >> one of the hottest novels around. >> what went wrong, why now? >> isaac is forcing some changes at the republican convention. manufacture. >> what do you mean shut up? >> four more years! >> thank you! >> christopher stevens and three other embassy staff, they are dead. we will bring those to justice who committed

about news event, there's the trayvon martin shooting in the street, occupy wall street, 82%, facebook ipoepublic has heard it compared to the fiscal crisis in greece, 63% had heard it. in that number 36% had read a lot about it or heard a lot about it. do they believe a solution is likely? our numbers different from other poles. americans are more optic. first of all see what they think, unlikely 73% back in november when we asked about the debt program would there be an agreement, 73% saying that, now 44%. the number you want to think is 4% to 44% thinks a solution is likely. who thinks it's likely, that's interesting and driving this number. he can break it down by party. look at what we find, republicans 52-42, independents, i come back here, there we go, independents 47-32 and it's really what you see here 60% of democrats think it's unlikely. i just want to show you again when we get to the issue of 48% to 44% believing it's likely, it's mostly different by democrats. we it break it down further into what people expect, what kind of solutions work? think of this chart as the politici

facebook stock has rallied too in recent weeks. now it has grown enough to be added to the list of nasdaq's 100 biggest nonfinancial companies, although it is still down $10 from the original ipol be the 23rd largest company in the index. >>> san mateo company is putting off its ipo that was planned for the nasdaq exchange today. it's not known when solar city might go public. it was hoping to see shares at 13 to $15 range. but it might decide to lower that price. stay tuned. >>> speaking of stocks, we are about 45 minutes or so away from the opening bell. >> u.s. stock futures are edging high they are morning. ashley morrison of cbsmoneywatch.com joins us. good morning. >> reporter: asian stocks good a boost. tokyo's nikkei added .5% to reach its highest closing in eight months and hong kong's hang seng is up 1%. >>> dow up 78 yesterday, the nasdaq up 35. >>> the federal reserve is expected to announce the details. its latest bond buying program. the central bank is expected to buy $45 billion worth of long- term treasuries a month. the goal is to lower interest rates, spurring borrowing and lending to soften the blow if we go over the "fiscal cliff." the fed will also releas

waiting for the night capital resolution, knight had taken a real shot and nasdaq offered the facebook ipo there's bad blood everywhere behind the scenes. these guys don't like each other, it's like the skewers, ravens, anybody versus the patriots. >> anybody verse bill belichick, yeah. >> the dow holding on at one-month highs, we did see the impact of apple on the s&p 500 and the nasdaq on yesterday's section. apple this morning opens lower by 2.5%. right now, on apple, we are at $5.26 and change. the main lows at the 5.20 dlerz. these are all levels that we're watching very closely. and we don't need to bring this up because we love talking about apple. we're talking about apple because so many people own it and it has a huge impact on the overall market. >> nasdaq went down yesterday. it's funny, you pick up the paper today, in the "new york times," the new imac is down. >> you take a look at any great consumer products company and it had some sort of a cult following. nike. >> it's the curse of the $600 million market cap. >> it's really big, they got to get to where the people who own

morgan was the lead underwriter for facebook's ipo, massachusetts topped that a top morgan stanley banker had improperly coached facebook on how to disclose financial information. >> wasn't there something like a hand written script? >> there was a handwritten script to the analyst. lots to talk about. >> walmart. >> joe, what have you got over there? >> it's malfeasance. >> i think it's a -- >> are you ready to use that word? >> the headline is bribery. tell the audience what we're talking about. >> the front page article on the "new york times" is titled bribery aisle. it's about walmart and the mechanics cal can business that was aggressive and creative and a corrupter offering large payoffs to get what the law otherwise prohibited. the times reports that the retailer wanted to build a store in an alfalfa field in a town's main entrance which was barely a mile from some ancient pyramids. the town's elected leaders had prevented the new zoning map that would have prevented it. walmart officials decided to undo the damage by a well played bribe and the guy drawing the map drew it a littl

they site the facebook ipo. i don't know if they cite madoff in particular.ng effect on enthusiasm even to today? >> it did. but remember that also happened at the time when the market hit the lows. we talked about it yesterday. cited many of the reasons why many think the stock market will go higher. you pointed out the

the facebook ipo, jane, is on the list.n the 47% and apple coming out with its unreliable map service. it's amazing the percentage of worst ideas, at least according to the post are the worst. >> here's mine. honey boo boo. worst idea ever. sorry. lifetime channel. learning channel. tlc. >> discovery wants you, jane. thanks. >>> we'll get the close and details on the impact here. dow's up back above 30. a lot of it back and forth is just what apple is doing. back in about three minutes. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ame

. >>> saving face, fresh off the best month since the ipo facebook stock is higher yet again today on word it would be added to the nasdaq 100. should i buy it here in two traders, with you heated debate is just ahead. >>> apple is falling and falling fast. having it's worst day in more than one year. let's get over to mary thompson. >>> a lot of reasons it's down. >>> we do want to note, though. cnbc chatted with jpmorgan la sards, as well as morgan stan think. there are no plans to raise the margin requirements on apple. of course, investors keeping the watch on -- which would push apple below the 200-day. apple down almost 4%. scott, back to you. >> do you buy this? is this the reason, because of the margin requirements, or is this profit-taking as you near the end of the year. the fact they haven't announced a special dividend? what is it. >> time is starting to run out, but i do think a lot has to do with the records about some of these margin requirements. i think this would be a huge problem for apple. whether or not that's actually true and something that will go through the t

. >>> after a rocky start for facebook following its ipo in may, it has fun to momentum and rallied 40%st two months alone. what's behind the sudden surge. doing digging, julia may have found the answer to the market mystery. >> at the end of the day investors are happy facebook is serious about making money and taking big steps to generate revenue from a new source, instagram. facebook shares surging more than 3.5%. the company posted new terms of service that go into effect mid-january to enable it to offer ads on its popular instagram app. the new terms sparked serious outrage that stain gram would sell user's photos. instagram saying it's listening to users a concerns and does not in tend to sell photos without compensation and saying it does want to make money and wants to be respectful of user's writes. saying in a blog, advertising is one of the many ways instagram can become a self-sustaining business. we'd like to experiment with innovative advertising that is appropriate. and it isn't the only way facebook will cash in. they're planning to launch video ads in user's news feeds

semiunrelated to this, has to do with facebook and i know you're one of the lead plaintiffs in the facebook ipo where this stands? >> well we were happy to be lead plaintiff on that. the reason we felt strongly about that is there's a whole trend among some of these high-tech ipos, kind of stripping shareholders of their rights. or certainly weakening shareholders' rights. and it's sort of ironic the logo for facebook is a big "f," because that's their corporate governance score. >> ooh. >> ooh. >> that raises a question in my mind, janet about corporate governance. i know you and i both believe that good corporate governance leads to better returns and you've become a thought leader in the whole corporate governance space. what are you doing with respect to taking your views on corporate governance, and having that impact how you're managing the north carolina funds? >> well, i mean, certainly one of our top priorities is loss recovery. 23 we have suffered losses like in facebook or with other investments, as a fiduciary that's my top priority. but we are, you know, taking stands on just tryin

. >>> still to come on the show, after some high profile dubs like facebook, the ipo market was new thisr. but a new report says things will change in 2013. find out why. >>> eurozone finance ministers will discuss greece's buyback. last friday, the deadline was extended to this afternoon after they failed to reach a 40 billion euro target. the two-day summit in brussels on thursday is expected to produce a political agreement. while the details of the plan will be finalized at a later stage. >>> ipo activity is expected to pick up in 2013 after a slowdown in year. that's according to ernst & young's latest report. the amount of capital raised this year is down 30% from a year earlier. but exchanges in europe and the u.s. already are seeing business start to return this quarter. real estate, health care, gas are the sectors expected to become more active. for now, we're joined by tina fernelli. >> to see you actually down 30% would suggest that there's a major shift underway here or maybe there's just plenty of concern in the market. >> it wasn't a great year in terms of capital rates, y

ipo. >> a great list. we will continue to look at scott's list of best and worst. one of facebook's biggest challenges, of course, finding ways to monetize the business. now it may have found a new revenue stream, but will this outrage users? over to julia boorstin. >> reporter: facebook continues to look for new business models but this one could be very controversial with users. facebook is testing charging some of its use first they want to e-mail people they are not connected to. this is part of an overhaul of facebook's messaging system, adding new filters, and facebook calls this a small experience to test the signals of economic signals. what does it mean? it will charge fees starting at $1, and it's limiting the test to individuals rather than companies or brands, and in order for this not to feel like spam it's only allowing users to receive one paid message each week. now, investors may be happy that facebook's testing yet another way to make money, but messages that look like paid spam could really alienate users. scott, over to you. >> all right, julia. thanks so much. j

you take a look at facebook, a disastrous ipo which maybe hurt psychology in a large amount has rebounded, the stock's doing better. apple is going through issues but the stock is still among the most highly owned and favored on wall street. where would you score investor confidence right now? >> i think investor confidence is definitely improving. and i think there is a lot of assumptions that we are going to not only navigate this short-term cliff situation, but we're going to put a longer-term fix in. now, if you sort of go back to the summer of 2011, and in august in particular, you know, you really saw the effects of the uncertainty around u.s. debt situation. and i think one of the things we'd really like to see is a fiscal cliff deal that's linked to a binding timetable to get a locker-term fix. and you know the interesting thing from my perspective is the longer-term fix doesn't need to, you know, make immediate progress. but, what we'd like to see is something on the order of, you know, we call it 2020 by 2020, which,you know, get your revenues to 20% in gdp, get your expenditure

facebook. it largest ipo in tech history. >> this is breast-feeding in the picture. one article has the entire country talking. >> the president says he now believes that same-sex marriage should be legal. >> we now know the name of the suspect blamed for the movie theater shooting spree. >> shooting at the sikh temple in wisconsin. >> police now tell cnn people have been shot in front of the empire state building. >> bath salts. bath salts? bath salts. >> jerry sandusky sentenced to a minimum of 30 years in prison. >> an iconic statue honoring the late football coach joe paterno is gone. >> the british people are going ga-ga for the diamond jubilee. >> the flying squirrel. >> the fab five. >> ryan lochte. >> someone sold photographs of prince harry naked -- >> one of the hottest novels around. >> what went wrong, why now? >> isaac is forcing some changes at the republican convention. >> manufacture. >> what do you mean shut up? >> four more years! >> thank you! >> christopher stevens and three other embassy staff, they are dead. we will bring those to justice who co

ipo you alluded to. we now have a four-month base of support. we say the bigger the base, the bigger the support. we see upside to 33 on facebook. 're a big buyer. >> zachary, what do you say about that? >> you know, obviously the name has been working. it's down hugely from its ipo price. momentum, as any trader will say, and i'm not speaking with that hat, can be your friend, but it can also easily reverse on you and be your foe. a lot of people were short facebook at 17, and we saw what happened there. i think facebook is a name in search of a valuation. its overly high ipo price kind of may mark out the parameters. >> one minute you love it, one minute you hate it. right now we love it. you got to love the chart. momentum is in your favor. this stock goes higher. i don't drink green mountain coffee. i like to taste my coffee. but the stock is up 15% since we put a buy on it last week. we see a technical symmetry here. >> how much higher can it go? >> ipg you only buy faigs book now if you like it for the next two to three years. i'm more concerned the market goes back to 23, 24. i'm not interested in that as this play. this i