his is a big ipo. it is a lot of stuff to digest. >> one of the things that we did not get out of the prospectus, which i think everybody was waiting to find out, is aware will twitter list? right here at the nasdaq or the new york stock exchange? where do you think it will be? >> twitter has not made a decision yet. it does suggest that perhaps nasdaq has a stronger fighting chance then we all thought. a lot of people were betting on the new york stock exchange, particularly because of nasdaq apostates that fiasco, the trading which we saw in august. -- the trading glitch we saw in august. has that has more to lose. -- nasdaq has more to lose. we are seeing a shift among ipos. >> six years ago, the new york stock exchange had only 16% of u.s. tech ipos. 94% to nasdaq. so far this year, it is three to two. 40% on the nasdaq. that is since the eye -- the facebook ipo flop. i think on wall street right now, people are saying, no one ever got fired for choosing the new york stock exchange. now we are thin

so, november ipo might not be affected but this will be very bad for december's ipo. >> that's for people who are innovators. don't go anywhere. stay where you are. one final note on twitter. the name is twitter. it's the name of a bankrupt retailer but still has a penny stock. the stock sky rocketed more than 1500% on the friday. fifteen cents a share after investors confused it with twitter. tweeeter. twitter sticker will be twtr without the "q." but the stock hasn't started trading yet so don't buy or sell anything you think is twitter. i'll let you know when it starts. sounds like something hollywood dreamed up. the fbi shut down a web-site where you can buy illegal drugs to virtual guns while you play with the virtual currency. i will tell you what this coin is. that's my name is jonathan betz. i'm from dallas, texas, and i'm an anchor for al jazeera america. >>my name is ranjani chakraborty, i'm from houston, texas. >>i'm kim bondy. >>nicole deford. >>and i'm from new orleans. >>san francisco, california. when i was a little kid, i just really loved the news. >>news was always impor

so, november ipo might not be affected but this will be very bad for december's ipo. >> that's for people who are innovators. don't go anywhere. stay where you are. one final note on twitter. the name is twitter. it's the name of a bankrupt retailer but still has a penny stock. the stock sky rocketed more than 1500% on the friday. fifteen cents a share after investors confused it with twitter. tweeeter. twitter sticker will be twtr without the "q." but the stock hasn't started trading yet so don't buy or sell anything you think is twitter. i'll let you know when it starts. sounds like something hollywood dreamed up. the fbi shut down a web-site where you can buy illegal drugs to virtual guns while you play with the virtual currency. i will tell you what this coin is. that's "real >> obama administration officials said they need to enrol 2.7 u.s. redents between the ages of 18 and 35 in exchange plans to balance risks and hold down costs. will they enrol come 1 october - should they pay the face. >> joining me now is jen mishory, deputy director of young invincibles, she's in washington d.

and will twitter's ipo ads add to the fear? and traders are fighting over where the stock will go next, and that means another debate coming up, but the top story is is the shutdown showdown is now in the fourth day. if you believe what you hear out of washington, d.c., the two sides are no closer to an agreement. here on the dow, even though it is slightly higher is down nine in the past 11 sessions, as washington holds your money hostage. it is halftime, and we will play the action and begin with the markets. mike santelli, what should we make of the way that the market has overreacted over the 11 days and i said 9 of 11 down, and do you think that at some point the buyers are going to come into the market more so than the lift today? >> yes, that lift today and the little lift that came out when the sense that speaker boehner was going to make a priority of the debt ceiling. if that is not completely glommed together with the actual fiscal side, you might actually see the market firm up a little bit here. it is so hard to ha

ipos.talk about etfs this morning. the government shutdown is starting to affect the earnings report here. we had stanley black & decker lowering earnings, citing the government shutdown. and linear tech saying they'll be flat and also cited the government shutdown. people are getting concerned about earnings for the fourth quarter. back to you. >> thank you very much. as of yesterday, more companies had filed ipo papers since the shut down began than did in the preceding 15 days. >> i think one of the problems with people who are not as worried about a default is that they hear that and say it's all a big joke. it's all a big joke. the government is going to function just fine. i feel like social security, 80 million checks, these can't financial if you don't have enough money in. >> larry fink did comment on the situation in washington during the firm's conference call. mary thompson has more on that. >> hey there, carl. the world's largest asset manager reporting earnings in lo line with

who will cash in on twitter ipo? bigger shareholder is evan williams, board member peter fenton himself a 6.7% stake, jock dorsey 4.9% and current ceo dicks cou dick costolo. and dst global also has a stake. >> thank you, we'll be following this all day long and anxiously awaiting before the news goes public. and sotheby's is really under attack by investor dan loeb. no big surprise there. the poison pill will expire in 12 months unless reapproved by shareholders. it kicks in at 10%. that would not leave a lot of room for mr. loeb, who if memory serves is at 9.3%. but the damage has been done perhaps for a company that's going to be under siege for these next few weeks and months. a proxy contest could loom down the road for sotheby's but right now it's just dealing with mr. loeb, a four-page letter that attacked the company and its management and suggested many things would could happen but would prevent him and others from buying more. >> the activist comes, in the company strikes back. as you point out, the damage

they haven't filed for ipo. >> chinese internet company. >> haven't filed ipo yet.ull financials. we're part reporters and technology company. >> spys. >> corporate spys. >> since you put on the spy hat here, let's get to news headlines, we're asked by people what is happening with the twitter ipo. they filed s-1. >> confidentially. a lot of people don't know what that means. >> kind of broke this story with me and a woman who named katy roof. >> i know katy. >> with the ellipsis story we heard from twitter. we asked are you going to do an ipo. they said dot, dot, dot, took it to mean something happens and it did. here's the thing. people are waiting for the expanded s-1, expanded documents. >> it is really the reveal documents because the confidential filing, the only people seeing it are the lawyers, the bankers and twitter management. >> right. >> so right now, the public can not see a thing. >> their financials? >> financials the whole thing. >> right. >> we're about to step into the u.s. jobs act april of last year. we're about to see for the first time, we'll

. >> twitter has chosen the new york stock exchange for its ipo again. so a major coup for the nyse over the nasdaq. it's also the exchange on which facebook went public. a very high profile debacle. so again. >> you said, it's great for the nyse nyse. >> >> the chips were stacked against them on facebook. i think this is a big deal. >> there are a lot of reports about how twitter has been squeezing everybody on wall street. you have that power. so how is it squeezing the nyse? this is probably just a -- >> i think that is exactly it. you beat out the nasdaq here. if it's weak tomorrow i do think you can actually short the nasdaq off of the news. use 34. it's a great risk reward ratio. >> eric jackson, want to bring you back in this conversation. does this mean that in your view that ali baba is likely. >> i think nyse definitely has the momentum with a lot of big tough names including linked in and yep. i think twitter is trying to do everything opposite. >> let's keep this conversation going a little bit on yahoo!. since that is the reason we brought y

. >> i don't think they would underplay it for our own ipo. define an active user that is following at least 30 people and in turn, at least a third of the people they are following follow them back. they are defining it that way. >> we are looking at friday, november eight, that's the date of this ipo. plan b is the following friday, november 15. with thanksgiving on us, they have to get this thing out by november 15. this is going be a rush job. anyone can pull off a 60 day ipo, it would be twitter. >> the price of twitter ads has gone down dramatically. this is is a company whose ad revenues, 87%. they are very dependent on ad revenues. >> that doesn't surprise us. it's very hard to measure what the roi on that investment is. they charge you when you place an ad on google per click. you get that right? twitter you're paying for a follower. what is a follower worth? that has never been established. they are trying to address that with mopub. that helps to follow the user in true purchase. they are trying to clearly bet on transparency. they

so that relatively modest ipo not repeating facebook's botched ipo.now, ted murphy, founder and ceo of izea. good morning, ted. i hope things are warm where you are. what do you think of twitter's ability to generate revenue? how does that help twitter earn any money? they're not earning any money out of what you do, are they? >> they're not earning money directly out of what we do, but they had their own offering through promoted tweets. and that is the primary driver of their business right now. they are seeing phenomenal growth and advertiser interests in that platform. their ad revenue was double what they did last year. >> how ready are pete people on twitter to accept promotional -- promotion in the middle of what is expected to be a social conversation? >> well, i think that one of the things that is really interesting about twitter is that marketers and promoters always were a big part of that platform. whether you look at the media companies, the packaged goods of that company, everybody has twitter logos on their windows, on their packaging.

late october, we hope to have a good ipo season in november and december. ipo calendar is strong. position in many respects is stronger than ever. liz: part of this game is luring. nyse lured people from you you m nyse. >> yes. liz: marriott, kraft, a bunch of other names too. frankly news corporation, the paint of what -- >> great company. liz: a great company. we left the new york stock exchange. >> yes you did. liz: came to the nasdaq. listen there are all kinds of reasons people do that but, let's spin it forward to the big one everybody is wondering about and that is alibaba, the chinese internet company. have you spoken with those people or the alibaba team? >> we're certainly engaged with alibaba but it is important our value proposition is same for all listed companies whether you're large, small, high-profile, low profile. we come to that decision with our listed companies, how can be the best partner for them. that will be our message for alibaba and all others. >> on top of the technological glitches which is come for everybody, but the one in august is bad enough you h

should you buy twitter on the day of its ipo? one reason why you may want to hang on to your money, coming up. >>> and the death of this pageant princess stunned the nation. now, new details about the parents of jonbenet ramsey and their possible involvement. >>> we are getting close to the next big silicon valley ipo. but should you be spending money on twitter's stock now? or should you buy later? our business and tech reporter scott budman got some answers today. he's live in san how stjose wit advice. scott? >> reporter: good evening, janelle. twitter is a growing company, part of a red hot tech industry and the stock market had been strong lately. so should you buy twitter on day one? not necessarily. when veeva had its ipo last week, the world watched its stock price double on day one. >> it's just been an amazing experience. >> reporter: making money for its employees who immediately went back to their desk and got back to work. >> ipo. that's great. that's fun. anything for a very significant company all has happened afte

it's a big ipo, one of three big brand name ipos.y here, three big ipos going public at the new york stock exchange. the price talk was 13 to 15 for empire. it priced at 13. that's a tad of a disappointment here. this is a well-known property. actually, it's 18 properties but empire state building the most famous of them. the malkin family had small disputes about going public. and there's issues with reits in johnson because higher interest rates generally hurt interest rate sensitive groups like reits. to the extent that higher rental prices might affect future property prices, that also could be a little bit of app issue here, particularly for institutional buyers coming in. so keep an eye on that. right now it's looking around 13, which is right around where it priced at. burlington stores, though, burlington coat factory, that's right over there. it was at 21 to 24. that price 13.3 million shares at $17. so that's looking like it's going to open on the up side. another well known brand name. and finally remax, which is right aro

next ipo could be in the game space. maker of that hit game candy crush king reportedly has already filed confidentially sec to go public and followed by robeo who makes angry birds and kabam. we will be watching to see which one of the guys comes next. my money is on king. >> you know, just happens to be in the neighborhood. #worst excuse ever. speaking of ipos, potbelly began trading today on the nasdaq. and promptly more than doubled in the first few hours of trade. for those investors watering at mouth at the prospect of buying this stock, herb greenberg is here and has warnings for you. herb, don't rain on this parade, please. come on. >> well, mandy, you know, i have to tell you, when you take a look at this, it is -- a company that has a great story to tell. you know, rising sales. got profits and pedigree with its -- private equity firm backing it. but when you take a lower look at stuff like you take a same-store sales for the first six months of the year, up 1.2%, compared with 4.8% first six months of last yea

>> and we have all these ipo more that are coming to market the of last year.portunities many have gone and above for the should be valued but many have gone through fed our tomorrows great growth companies. the electronic dance music did not do so well. [laughter] gerri: but not u.s. ps we were just jockeying about that. think you for cooing. great to have you here. great conversation. now the stories you are clicking on fox business business.com. starks ending the day higher as ashington turns more hopeful. closing up 55 points with the broader index after starting in the red. nobel prize for economics going to three american professors winning the 1.2 million dollar prize for at the understanding of asset prices. the other two are from the university of chicago. facebook opening the first office in israel getting help from the mobile technology start up it is buying it for $100 million in the blood is coming to your cable box? netflix is in talks with several cable companies to be available on the set top box and those are in the early stage of negotiations.

it's official the twitter ipo is a go! the social media site's filing was made public after the close. and mortgage rates dropped again. the 30-year fixed is 4.22% the 15 year is 3.29%. scott shellady of treon joins us now. scott, this market has been drifting down but it feels like an orderly sell off. how much lower do we have to go do you think? > >i don't think much lower and i think this is always gonna be used as a buying opportunity for those that have not gotten in throughout the course of a year. it's been a non- participatory rally. i know that there's still some folks on the sidelines that have kept their powder dry for too long so i think they're always gonna find a bid underneath and this thing's not gonna get away from us to the downside. > >you were on the show not too long ago and you talked about the treasury trade. we had a pop yesterday. did you get involved with that trade and what's ahead? > >we're gonna let it settle down a little bit because again i still think the 10 year is the truth serum and that

ipo exit. thinking about. >> we're talking about the reversal and bring up the asia point of view, as well. hong kong used to be one of the pose popular ipo markets in the world and now with alibaba potentially choosing new york over hong kong how does that hurt hong kong? are we seeing a real slowdown will. >> i don't think so. look -- there's luxury companies that went to hong kong and seem happy with that. although getting back to europe, i was talking to someone from -- who is close to montclair who makes ski jacks and they'll go to italy. it's tough to say. i don't think -- my understanding the real story with hong kong, albie baba they couldn't do the dual share class thing. >> but that company is expected to be worth -- could be worth more than facebook. $16 billion ipo. >> it's going to be huge. >> okay. >> i was just thinking other people that will be happy is the brokerage houses, no deal flow and -- >> rights issues tomorrow with barclays, royal mail and this kind retail sell-off. th

it wasn't a great day for some other ipos.age investment, one mortgage reits down after pricing ipo at 20 bucks a share. oci partnership, ethanol production plant in texas, trading around $18 per share. one to look at, this is one we've been watching all day today, tweeter home entertainment, not twitter, tweeter home entertainment. the ticker is twtrq. investors are mistaking this for twitter ipo. 14 million shares were traded. again, bill, this is, of course, not twitter. it goes to show you, a mistake here and all of a sudden they send the wrong stuff up. back to you. >> oops. big time. thank you very much. let's talk about twitter. twitter, a young brand with a brand -- youth appeal, right? so could its ipo light a fire under a younger generation of investors? a group that's seen nothing but dotcom bubble burst and financial meltdown. we talked to college students today. i'm not sure. listen to this. >> i don't know anything about the stock market. >> we already invest our time in it, hours, but now to invest money in it i

monthly users when it filed its ipo papers.annualm revenue and the monthly users when it filed its ipothly users when it filed its ipo papers. but nonetheless highly anticipated. >> we'll also bring in michael chase from social radar. michael, kayla has gone through all the details. where do you think knowing what we now know this stock should price? >> i think you're going to see pricing in the high 20s, low 30s. but i think that's just where it prices. because if take you a look at just some of the early metrics and numbers they put out, what you're seeing is a company that has great revenue growth, the majority of their money coming from mobile advertising, which every knows is continuing to grow, but most importantly, the fact that even though twitter is a household name, they still only have just over 200 million active monthly users which gives them huge opportunity for growth still here and as well as around the world. >> 75% of the revenue is from the u.s.. but three quarters of the monthly users are outside it. is that an opportunity or a problem? >> i think that's a big tup o

ipos likes twitter? ipos can be fun. remember google? but they can also be scary, like facebook. >> there's investors and speculators. >> blair hanson tells his clients to stay away from ipos. they're risky largely because of short-term speculators. >> i suggest to them if they really, really like the company, they wait six months and republic visit it and decide at that point if they want to buy it or not. let the water calm down. >> while the public's appetite for tech stocks is once again staggeringly high, it couldn-- >> i this it's grounded more in a business approach. i've been around for 20 years. i think we're doing it right this time. >> and there's no need to rush. >> twitter began its road show yesterday where company executives meet with bankers to determine what that starting price will be for the ipo. it is expected to hit around the first or second week of november. >> still ahead on "today in the bay," bay area kids take on big business. how they convince a imagine company to reverse its

ipos here in silicon valley, they're like holidays. if you're a nerd like me, you can name the day netscape or google went public. investors are trying to convince you their company is the next big thing. if you think about it, after the ipo is when you can really tell if a company is worth your money. >> i would suggest to them if they really, really like the company, wait six months and revisit it and decide at that point if they want to buy it or not. >> reporter: for the most part, history proves this to be good advice. waiting on facebook would have saved you a lot of money. coming up tonight at 6:00, we'll take you inside a silicon valley tech company with an ipo just a few days ago. things are just getting started. >>> the score in a peninsula courtroom this week -- surfers were outraged when the new owner of the property put up a gate. three of those surfers sued. the owner of the company is within his rights. the surfers' attorney says they will appeal. a second lawsuit goes to trial next spring. >>> surfers turned out to the

ipo from twitter. far as the headlines are concerned this morning, we're on the brink of default. we've got senate talks continuing in the united states. lawmakers taking america to the brink. european debt jitters keeping equities here in check. european stocks mostly in the red. and apple reportedly planning to cut orders for the cheaper 5c model raising doubts about its smartphone strategy. twilter is also in focus today. one step closer to reality of an ipo. bertha is with us in the states. hi, bertha. >> hey, ross. that's right. mark your calendars. cnbc has learned twitter's ipo is set to price on november 14th. and it will start trading on november 15th. although the date could change. the company will reportedly begin its investor road show october 25th. that's next friday, holding meetings with its top wall street advisers. goldman sachs, morgan stanley and jpmorgan. that's when management will discuss how best to sell shares to those banks clients. on the following week, tilt twitter will hea

you heard that story about the ipo.is a big one that many of these technology companies eventually have a dream on. but some people want to maintain ownership over the company. fact, the company coming up that we're going to see after the break is booktop.com. the founder will know joining us to talk about this. this is a company that's been valued at $105 million. the company says they want to le taken ownership and control of that company. stay tuned. orbiting the moon in 1971. afghanistan in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, 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 current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. >>> central bank messages, the fed statement weighs on equities. the euro takes a hit after ecb governing member nowotny tells cnbc special li

next on "money," twitter ipo ready to take flight. can it go down in flames?he co-founder is here to tell us. plus, tomorrow one of the world's most recognizable brands now she is launching an all new fashion collection this fall. what are heard three secrets to success? advice every business owner needs to year. more "money" coming up. melissa: the tech world is abuzz now that twitter has revealed its billion dollar ipo plan. what does it mean for the rest of the industry? take a genius, co-founder of online giant. also the author of a new book, without their permission. welcome to the show. whatoes this mn for the rest of tac? >> it is exciting. if it does not flop like facebook. melissa: to you feel that was a flop? when it was that listen, they're like, we made a ton of money. >> for plenty of investors, i was there counting down. melissa: did you lose money? >> i was the only person on tv saying would not be buying it. the fact is if this goes as well as we hope it will commend it will usher in all round of start-ups. thee are lot of people in tech right

other technology ipos.c transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emerson takes up the challenge, "it's never been done before" simply bemes consider it solved. emerson. ♪ ♪ >> all right. i'm adam shapiro in for liz cla

. >>> twitter makes public its secret ipo filing. why some think the company isn't ready to go public. >> ready for a rematch. the oakland a's face the postseason rival in game one of their playoffs and what they say about toxic chemicals and carcinogens are leaching into the environment. it's happening right where we live, work and play. everywhere. cigarette butts are toxic waste. let's stop the toxic litter. learn more at rethinkbutts.org >>> good morning, 4:41 on this friday. a live look at the embarcadero san francisco. see the leaves, the branches, dancing about in the high winds we have this morning. red flag morning. we'll talk to mike nicco about what's facing us today. >> breaking news in san jose where firefighters are on the scene of a house fire. this was the scene earlier on foothill court west of foothill park near santa teresa boulevard. firefighters say high winds were a factor fueling the flames through the home. see the flames shooting from the attic where it started. the family got out safely. we are working to ge

david: twitter's ipo plans are out in the open now. a lot of people are kind of disappointed with the money figures. we're going to find out whether the social media giant can convince investors it will eventually, because it is not now, turning a profit. cheryl: there has to be a story there. that takes us to today's facebook question. get it? will you invest in twitter? tell us why or maybe why not. log on to facebook.com/afterthebell. we'll bring you those answers at the end. show. ♪ ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and

if twitter looks to other ipos it may be optimistic about its fate since she drake morris -- half of have more than doubled with ithe biggest price jump. number five foundation medicine. it analyzes tubers to fus $18 now 32. number for the benefit fus launched last month, bas insurance platform -- the first day. number tee noodles a mpany. one of the biggest ipos of restaurant went public in june now tradingt $44 more than double originally. number two. potbelly just hat public on friday already up 120% but the company's income is down so we will seehat happens next number one of 2013 ipo sprouts farmers' market as americans jump on the natural food bandwagont has done not from the original $18 price tag on the first day increasing 123 percent toy at $45 a share. good luck to twitter i hope the same debt -- and hope they have the same trajectory. up next to take on the housing market in days before the changes will live find out if there were not gerri: no wonder the white house was so quick to a0 october 1st of the edge they knew it would be a disaster according to the "washington p

we had 160 ipo this year they are up sharply on average.s are the third or fourth most common company with a lot of pot belly sandwiches and restaurants it is the law frothy but what does that say? that guy is crazy but not charles manson. [laughter] that doesn't mean everyone is levelheaded. liz: what is the number one mistake twitter cannot afford to make? r remember mark zuckerberg went down just trying to be himself white bill gates had suggested i just went to read my biology book he just kept quiet. what do they need to do? of course, the ceo is the grown-up in the room but you have the three co-founders. >> wear a suit. [laughter] which they didn't to look professional you have to bridge the gap you don't want to be but and down but a visionary but people want to make money. don't just preach social mission. especially since twitter is not making many like facebook was at the time you have to give a sense of how you'll make money down the road. liz: and a blazer with of button-down so-so mccann -- silicon valley. their idea of dressi

stuart: i'm fascinated by the twitter ipo.biggest ipo of the year. >> i think it's going to be a blockbuster whether i like it or not. stuart: there you go. oh, yes, yes, we have found another excuse to bring out the video of our own sandra smith on a boeing dreamliner wearing those red goggles. can you see her right there? here is why we've dragged out that video, the ceo of airbus, boeing's main competitor, he says he expects his company to surpass boeing in five years. let's bring in sandra smith from chicago, this is all about the dreamliner and the issues connected therewith, right? >> yeah, this is the airbus 350. it is considered the competitor to boeing 787 dreamliner, you and i covered the first day that that took flight. we were there all morning and airbus says they don't feel bad that they're coming up with this plane years later and it's finally going to make debut. and they say we're going to learn from the mistakes that boeing made and they expect to surpass boeing as the largest plane maker with the a-350. in f

the listing would have perked up hong kong's ipo market. bankers have been drooling over the ipo as the company could be valued at around $100 billion. the ceo told reuters that in three years, we hope to be the number one retail network in the world, larger than walmart. the outlook of china's economy remains upbeat. the imf managing director says china's debt problem is a serious concern, he also says the country has the tools to deal with it. that is the latest from hong kong. >> thank you so much. the opening of free trade zones in shanghai is challenging hong kong's stature as a gateway to china. hong kong has long benefited from being the gateway to china. the proximity to the mainland make it attractive to foreign companies. that role is being challenged as free trade zones in shanghai open for business. the shanghai free trade zone is the one to keep an eye on, economists say. the government would like to see shanghai. >> it is too early to tell. over 600 u.s. firms expressed interest in doing business in hong kong. >> it is about i

noodles is up 139% since the ipo.nd you are being called chipotle by one analyst. let's talk about the competition. how do you continue to market the company and the brand as being different than the rest? >> great question. we compete in sandwiches and we have a great experience and it is a combination of awesome product, people and place. you come into our sandwich shops you will find wood, you will find live music, law of attention on great quality, a cookie on a straw, every shake and smoothie, you order an audio shake you get two cookies and the real secret sauce to what we do our terrific people. we have terrific gms that show up every day serving customers well and what we like to say we hire nice people and teach them the pot belly way. cheryl: i did my research for the interview and hata said which this morning and the people at rockefeller center were lovely and incredibly full. thank you very much, congratulations on the debut today. dennis: president obama out to lunch. moment ago our president to a rare w

liz: it is going to be a very closely watched ipo.nd it fascinating you found out they are using names like carl icahn and president obama and not the rihanna and lady gaga of the world. i find it also interesting that has got to be questions about this that resident of obama's twitter account in a certain way when you are shortening links got hacked yesterday we had >> exactly. certainly they will not talk about that during the roadshow unless they are asked about it. that is the best part of these meetings. the question is going to be about monetization. it will not be about president obama on twitter. we know rihanna is on twitter. can you make money. losing $500 million since they launched in 2007. how do you convince wall street that they are going to be seeing in new york city that they can actually deliver on the growth strategy? they talked about the global strategy. we are all over the world. the first place to get information. that is what they were highlighting, but what they did not highlight that you know the wall street

next on "money," twitter ipo ready to take flight. can it go down in flames?he co-founder is here to tell us. plus, tomorrow one of the world's most recognizable brands now she is launching an all new fashion collection this fall. what are heard three secrets to success? advice every business owner needs to year. more "money" coming up. ♪ ♪ [ engine revs, tires squeal ] [ male announcer ] since we began, mercedes-benz has pioneered many breakthroughs. ♪ breakthroughs in design... breakthroughs in safety... in engineering... and technology. and now our latest creation breaks one more barrier. introducing the cla. starting at $29,900. ♪ melissa: the tech world is abuzz now that twitter has revealed its billion dollar ipo plan. what does it mean for the rest of the industry? take a genius, co-founder of online giant. also the author of a new book, without their permission. welcome to the show. what does this mean for the rest of tac? >> it is exciting. if it does not flop like facebook. melissa: to you feel that was a flop? when it was that listen, they're like,

potbelly shares debuted in an ipo friday. pricing in at $14 and surging 119% to close at 30.77 the stock trades under ticker pbpb. the social media site twitter's i-p-o filing has potential investors eager to take the leap while others are recoiling after another social media site that went public fell on its facebook, last year. our cover story looks at the risky business of selling 'access' to many pairs of eyes. twitter, the social media site built on users and followers sharing bits of their lives in short bursts of phrases, is going public and hopes to raise a billion dollars from investors who want access to all those people tweeting. "if they can prove that they have the attention of the millennials and lead them to buy, then advertisers will pay money." twitter's revenues in the first half of this year more than doubled what they were last year. but twitter is still comparatively smaller than facebook, which tanked after its ipo before coming back. 218-million monthly users on twitter are about 20% of facebook's 1.16

as twitter's ipo approaches, trading firms will test software systems in preparation for the hyped ipo. nyse is trying to avoid a repeat of facebook's ipo day on the nasdaq, when trading glitches led to losses, and angry investors. nasdaq blamed poor software design for the errors. the test run for the nyse is scheduled for saturday. twitter is expected to hit the market in november. among the ipos for this week...brixmore property group is expected to file wednesday pricing at $19 to $21 a share. the new york-based grocery store reit expects to raise $750 million. surgical care affiliates plans to price between $21 and $24 on wednesday and raise $220 million. the deerfield, illinois company provides outpatient surgery and sleep centers to doctors and hospitals. a flood of cash is pouring into tech....specifically, software companies. for the first time in more than a decade ... more money flooded to startup software companies than any other sector of tech. in the third quarter of 2012 investments in software hit 3.5 billion dollars. bank of america is considering nixing overdraft fees

park at 12:30 eastern ahead of its expected ipo pricing next week.y institutional investors are optimistic about the ipo and see few signs of the irrational exuberance that exceeded facebook's aufrlgs next year. several fund managers say that range is conservative. we'll see if twitter raises its initial range to compensate for the demand its seeing for its ipo. goldman sachs is twitter's lead underwriter. speaking on cnbc's closing bell, lloyd blankfein says now is the perfect time for companies to go public. >> the ipo market is alive and well. look at it. we have high equity prices at the moment now. we have an economy that's growing. people would like it to be growing at a faster rate, but there's no doubt it's growing. and the idea flow is terrific. i think this has been a great time for companies to come to markets. >> the "new york times" reports twitter has altered its feed to include photo and video previews. when users log on previously users had to clink on links to access content. the move could help twitter sell more ads with visual cont

big ipo movers. >> investors are hungry for potbelly. sandwich chain is more than doubling in its debut. value in this company, low priced menu items appeal to customers in a tough economy. at $936 million. priced at 14 bucks a share. above estimates. potbelly sales were bris income 2012. receive knew rose more than 15%. it has 395 outlets. mostly, though, in the midwest. wasn't a great day for other ipos. cherry hill mortgage investment. down about 8%. after pricing at 20 buck as share. oci partners which owns and operates a meth moll production facility down in texas is down about a percent after pricing at 18 buck as share. finally, take a look at, get this, all right, you have to bear with me. tweeter, not twitter, tweeter home entertainment. ticker there is twtr. investors are making it -- mistaking it for the twitter ipo which is not happening until later this year. this stock was up as much as 1800% on heavy volume. 14 million shares being traded and, again, this is not twitter. keep an eye for those imposters. back to you. >> i'm

. >>> if you're waiting for the next hot ipo you might want to have a seat shutdown could clog the ipo pop line in a big way we've got the warning signs you need to watch for. [ bagpipes and drums playing over ] [ music transitions to rock ] make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you open an account. with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country and spend money the way we would in the u.s. when i spend money on this card, i can see brazil in my future. [ anthony ] i use the explorer card to earn miles in order to go visit my family, which means a lot to me. ♪ because what you don't know, can whichurt you.urance. me. what if you didn't know that posting your travel plans online may attract burglars? [woman]

how is the little guy get in on ipos like twitter?tter question should be should we even bother? let's ask charles payne. he is sitting here. he has way more followers than all of us. >> do the twitter first. i thought michael brought up great things about the pricing of this deal, small float of these deals. there is one ownership class. facebook as two ownership classes. these guys will be in control no matter how much. 53% of the came from insiders. on this is like 1%. all of those things tell me it is investor-friendly ipo. ashley: right. >> reminds me of linkedin. linkedin went public at 45. first day-traded closed at 109. been as high as 255 since then. anyone who chased linkedin on first day, even if you paid 100 bucks, if you held it you're doing pretty well. this has a chancer to linked in than facebook. having said that i think it is anomaly. i don't like investors chase ipos, particularly in companies they know nothing about, they have no intention of holding the stock. they panic when they buy it at 30 and two days later i

they went ipo-ing today. not the opening price, the ipo price was 17 and look at them go.y're now at 22.76. ignore at that percentage gain. they're not up 2180%. that's not correct. they're at 22.88, big gain. today is day two of obamacare shutdown of course, but day two of obamacare. republicans getting the blame for the shutdown. i say republicans may be getting some of the blame for not opposing obamacare strongly enough. here is congressman renee he will elmers from north carolina. i don't know congressman if that's. >> congressman, renee, whatever you want to say. stuart: here we go. i'm getting a lot of criticism directed at republicans for not getting the message out. for example, on our somehow yesterday, there was a bunch of fast food franchises that he ran and he told his workers they're going to have to pay under obamacare far more than they're paying now. they don't like it. and they were surprised by this. he says, when are you republicans going to get the word out that obamacare hurts ordinary working people? what do you say? >> you know, i will tell you that

but that's the kick off to the ipo process. >> talk to me about this twitter ipo. first of all, how do these social media companies even make money? it's not-- >> this is christmas to me. everybody had wondered how the heck did twitter make money any way? now we have more insight. but let me paint the picture. this is the biggest tech ipo since face book. when i say biggest, facebook when it went public, let me put this in perspective. it made $5 billion. twitter is making $600 million. it's still a lot but we're talking about a gugundo company and a less gugundo company. and here we're talking about $215 million. we're getting a little more information into how twitter is making money. and mostly it's tiding which is concerning investors because that's their main revenue stream. but they did make money in the first six months of this year double year over year but they're still losing money which is a concern. >> making money, facebook. facebook owns instagram. and dovetailing. >> exactly. so a facebook as you remember bought instagram for $700 million. the big qu

should an individual investor tried to jump in and catch that move on the first day of the ipo? a long-term investor. i think they will price it higher. i think it will be around $25 give or take. the real question is where is the first tick. liz: please come back, robert. the analyst who is covering the stock right now. closing bell ringing in about 15 minutes. mark cuban talking to dennis kneale. we hear from the man himself next. ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. liz: you know this, billionaire mark cuban has been cleared of any wrongdoing. dennis kneale caught him on the air earlier today to get his side. dennis: he bashed a lot less than i thought he would. he says that sec case is less a matter of government -- a thi

i have witnessed north of 1,000 ipos happen this way.dmm says the stock is opening at this price, and it's a beautiful way to ensure an orderly open. >> and it is great to see you so fired up. you really are genuinely -- >> it's great to get a chance to explain it to people. >> i was going to say, the 140-character, that would be the challenge. >> yes. >> i love the education. >>> here we go again. sources tell cnbc blackstone will issue the first ever bonds backed by single-family rent at homes in a $500 million deal. diana olick joins us live from washington with more on this one. good morning, diana. >> good morning, kelly. we know what mbs are, bonds backed by mortgages. these are bonds backed by single family rental homes. so investors get not only the rental stream, but they could also get a cut of the property if and when it sold. now, blackstone sources say they'll be making the first offering as early as next week in a $500 million deal. blackstone is the largest investor in single family rental ho homes. a lot of investors out

how wall street spent the weekend preparing for the twitter ipo. america's most iconic tourist destination back in business. the crowd that poured off the boats today at ellis island. our own wendy catching up with a student who rises above. reaching the mean streets to reach his college goals. ,,,,,,,,,,,,,,,, twitter's upcoming initial public offering... was a success. >>> a test run of twitter's upcoming initial public offering was a success. the new york stock exchange conducted a mock ipo this weekend where traders ran simulated buy and sell orders. the stock exchange trying to ignore the technical problems had with ipo last year. apple released the earnings at the end of trading today. analysts think and may also announce the stock buyback or increase as dividend payouts. carl icon is pressuring apple to use the cash to buy back a huge chunk of its own stock. >>> a lackluster day so far on wall street. you can see the dow is barely up about seven points. european union officials say u.s. surveillance could affect negotiations over a major tra

the nasdaq is not going to see the twitter ipo. twitter has set its ipo dates.ve learned they will price on november 14th with shares set to trade the next day. twitter says it is going to list its shares on the new york stock exchange, the big board, under the ticker symbol, twtr. big loss for the nasdaq, which is traditionally the home for big tech companies. they will kick off the road show to encourage big investors to take part in the ipo. twitter is still not close to being profitable. they posted a big loss in the latest quarter as it tried tole ramp up its sales team. >> nestle is moving in on hershey's turf. they are going to roll out a butter finger peanut butter. nestle is convinced it will be a hit. they bought their first ever super bowl add to promote the new product. sale topped $1.3 million. i like the bite-sized cups instead of one big cup. >> exactly. marla and i don't agree. we don't wear what size it is. peanut butter and chocolate, the perfect blend. we will eat it up no matter what, bertha. >> thank you very much, appreciate it. you made my

positive ipo season, m&a growth. guys had disappointing quarters and that set up expectations for a couple of earning surprises by year end. stocks like goldman sachs, bank of america, jpmorgan, do well by year end into the first quart of 2014. >> i own all of those except jpmorgan and i agree, still my biggest overall weigh in sector financials, i think a very strong quarter and extremely cheap stock. >> wait until you hear our next guest's prodictiediction about year. joining us once again, milton, good to see you. >> good to be back. >> prepredictidiction next year. >> it's really easy when you look at the value. you mentioned earlier in the show, one of your guests mentioned earlier, that stocks are really the best value in all asset classes. there's still boatload of money sitting in cash. the great rotation out of bonds barely begun. a lot of upside. >> why do you think the rotation is going to even begin ever? i mean if it hasn't happened to this point amid all of expectations this year it would have started,

twitter fans will soon get the chance to invest in the social media giant wants it unleashes the ipohould small investors climbed aboard? joining me now author of the book you can never be too rich. you are able and with comcast universal? >> that is an important story. it is very clear businesses want to partner with twitter and comcast nbc universal announced a strategic partnershhp to integrate twitter as part of the viewing experience on twitter you will see a tweet and click on it it will take you to program they will participate in the revenue and in comes string -- into a string. gerri: this company has had no earnings. why do not like this company? >> if you are a gambler you have a shot at making a few blocks. but here we go again it is all about advertising and that dollar mont twitter they are very lukewarm by the advertisers. the cost of conversion is double the cost on twitter and other social platforms and if they had more advertising it will ruin the user experience. the only way to get the dollars up is to add more users to the base. right now that is slowing in the u

is it just me or is this turning into an ipo free-for-all?e fund manager and fox news contributor is here. tech startups investor joins me now as well. let me start with you. some of the companies that are looking to go public, you know, i've never even heard of this. what is going on? >> this is capitalism. this is a good thing. speculated that promising a new enterprise is raising money from voluntary investorso fund the businees. i would consider this to be 1999. perhaps this is a bubbl melissa: that is exactly what i'm asking. >> i remember an era. i just don't think we are there enough the fact that a lotf these companies areot making right -- a lot of money right now. meliss they are making a profit. i make fun of the fact they're making to a half million in the first half of the year, but profit.more than twitter in what do you think? is this insanity? >> absolutely. absoluuely. have to disagree with you a little bit. 1999, it's a repeat, like groundhog day all over again. if you look recently we heard can berash. i you kidding me? so