we have carly fiorina, who is the chair now of carly fiorina enterprises and the vice chairman of the national republican senatorial committee. and we have edmund s. phelps, mcvicar professor of political economy and the director of the center on capitalism and society at columbia and is also a nobel prize laureate. thank you. >> thanks, mike. good afternoon, everybody, and thank you all for being here today. this panel is about jobs, so why don't we start out talking about the latest jobs report. in march we had a very disappointing jobs report, only about 120,000 jobs created, which was worse than even the most pessimistic forecast. and the jobless rate is stubbornly remaining at 8.2%. now, friday we're going to get another jobs report. it's supposed to be a little better, but most people think that the unemployment rate is going to remain at 8.2%. so professor phelps, i wanted to ask you, in the '90s, at some point, the unemployment rate was as low as 5% or 6% and we sauf this doubling of practically to 10%. how do we get back to a 5% or 6% rate? is that even possible? >> well, it'

former head of hewlett-packard, carly fiorina. "new york times" columnist david brooks and from "the washington post," and author of "our divided political heart," ej dionne. maria schrifer and michael lewis about the advice they have for college graduates during this commencement season. >> class of 2012, you are dismissed! >>> from nbc news in washington "meet the press" with david gregory." good morning. so much campaigning ahead this summer. joining me the democratic governor of maryland, the chairman of governors association martin o'malley and former speaker of the house newt gingrich. great to have you both here and good morning. speaker gingrich, now that you are here and no longer as a candidate, you were here about a year ago declaring your candidacy. where are you in this race? are you unequivocally behind governor romney and do you think he can win? >> oh, sure, given this level of unchltment and this level of deficits it's very likely he will win and you'll see it pull away in september and october. >> what have you l

former head of hewlett-packard, carly fiorina. "new york times" columnist david brooks and from "the washington post," and author of "our divided political heart," e.j. dionne. and finally this morning, a special conversation with ma yea shriver and author michael louis about the advice they have for college graduates during this commencement season. >> class of 2012, you are dismissed! >> class of 2012, you are dismissed! >>> from nbc news in washington "meet the press" with david gregory." good morning. so much campaigning ahead this summer. let's get right to it. joining me the democratic governor of maryland, the chairman of the democratic governors association, martin e mali and former speaker of the house newt gingrich. great to have you both here and good morning. speaker gingrich, now that you are here and no longer as a candidate, you were here about a year ago declaring your candidacy. where are you in this race? are you unequivocally behind governor romney and do you think he can win? >> oh, sure, i'm totally committed

carly fiorina makes the case why cutting corporate taxes is essential to noneconomic growth here in the united states. >>> do you think lower corporate tax rates will help spur the economy and job creation? tweet your answers to @cnbcclosingbell. we'll share some of your responses later in the show. the most spectacular experiences are happening here. imax now showing on the big board. or creates another laptop bag or hires another employee, it's not just good for business, it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $6.4 billion in new credit to small businesses across the country last year. because the more we help them, the more we help make opportunity possible. >>> i'm bertha coombs. cbs reports a record $3.9 billion with advertising up 54 cents versus expectations and confident that they will have a healthy upfront market season. take a look at herbalife, shares dropping today. this afternoon the company responding to what happened. the company says the fact that recognized short selle

>> carly fiorina, thank you. >> john batchelor with us throughout the hour. coming up, nuclear showdown with iran heating up. iran may be closer to weapons grade nuclear capability. coming up, stocks take a late-day dive. investors can't shake euro jitters. what is the contagion effect? we break down the european divorce scenarios. and free market capitalism is the best path to prosperity. the kudlow report coming right back. if you have copd like i do, you know how hard it can be to breathe and what that feels like. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open a full 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. and it's steroid-free. spiriva does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediat

former ceo of hut let pack card carly fiorina. we want to hear your voice on that topic that's been getting so much attention. do you think lower corporate tax rates will help boost the economy? tweet your thoughts. we'll reveal your responses coming up later in today's program. >>> green nearly across the whole board. you are watching cnbc, because we are first in business worldwide. at bank of america, we're lending an in communities across the country. fro omrevi htalielzeping t a neigbrhbooklyn..or.ho financing industries that are creating jobs in boston... providing funding for the expansion of a local business serving a diverse seattle community... and lending to ensure a north texas hospital continues to deliver quality care. because the more we can do in local neighborhoods and communities, the more we can help make opportunity possible. the teacher that comes to mind for me is my high school math teacher, dr. gilmore. i mean he could teach. he was there for us, even if we needed him in college. you could call him, you had

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former head of hewlett-packard, carly fiorina. "new york times" columnist david brooks and from "the washington post," and author of "our divided political heart," e.j. dionne. finally this morning, a special conversation with maria shriver and michael lewis about the advice they have for college graduates during this commencement season. >> class of 2012, you are dismissed! >>> from nbc news in washington "meet the press" with david gregory." candidate, you were here about a candyear ago declaring your ut a candidacy. where are you in this race? are you unequivocally behind governor romney and do you think he can win? >> oh, sure, given this level of unemployment and this level of deficits it's very likely he will win and you'll see it pull away in september and october. >> what have you learned about mitt romney? >> he's tough. much tougher than i thought. hehe'p hehe's prepare he's takes to win. he's a very good organizer, in the end he can organize at a scale that can match obama, i couldn't. i think he's a good study. i think

we want to start, though, with carly fiorina, the former chair and ceo at hewlett-packard and now cnbc. also with and rejoined by josh brown and tom bellis. you have been there. you ran a silicon valley behemoth in hewlett-packard. what is mark zuckerberg going through right now? what do you make of the ipo as it gets ready to trade tomorrow? >> well, and i think back to my experience when i helped lead then the biggest ipo in u.s. history, lucent technologies from at&t. and what is going on right now in mark's life is an incredible amount of excitement frenetic activity, and a huge set of expectations. so i think you've been talking about what is the fundamental question about facebook. can it possibly live up to the very high expectations. i would argue in the short-term probably not, but on the other hand, i don't think he should be focused on the short-term. and in the long-term, probably so. and so i think the key now is for mark and his board to remain focused on their long-term vision to be as transparent as possible about how they mark progress towards achievement of their goal

carly fiorina is with us and the democratic may iic mayor of los. spearheading the return of the great los angeles dodgers. they are off to a great start to the season under terrific new leadership. the nationals are as well, so my divided sports heart. welcome to you all. i want to start on where i ended with the governor and the speaker. look what we have had so far. the war on women, hillary rosen's comments. now the battle over bain? what's fair game? >> it's fair especially if you have no agenda. we have deep structural problems. i haven't seen either candidate talk about it. if you ask is there a plan for the future? 36% obama, 31% romney. that's bad. i question the obama decision to start negative. they are focusing on a negative way. it seems self-destructive. people like obama, they admire him. he's at risk of throwing that away by going extremely tough, hard, looking conventional and running inaccurate ads. the ad against the steel company bain took over had inaccuracies as the basis of the ad. they said it was successful until bain took o

carly fiorina was ceo then. it was the largest ipo in history at the time. fiorina says it's up to facebook from here. facebook is not slowing down. in fact, it's picking up steam. on the first day of a public company, it bought yet another company called karma, a gift giving ap based right here in the bay area. in fact, facebook is looking into buying more companies. i'm cheryl hurd, nbc bay area news. >> thank you. now for the lawsuit. it's not from the winklevoss twins. less than 24 hours after going public, facebook is being called out in a class action suit that demands $15 billion from facebooking from violating federal wiretap laws. the complaint was filed yesterday any federal court in san jose before the company even went public. the plaintiffs say facebook improperly tracked users even after they logged it out. it combines 21 separate cases across the country. a spokesmcaor f facebook says the company will contest the claim. >> keeping a promise made decades ago to a loved one buried in a pauper's grave. a san jose woman is vowing to give her grand

when we come back, we're going to talk to carly fiorina. zuckerberg. it's a fascinating read. we'll walk through that and get her opinion on other issues as well. ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 let's talk about the cookie-cutter retirement advice ttd#: 1-800-345-2550 you get at some places. ttd#: 1-800-345-2550 they say you have to do this, have that, invest here ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 you know what? ttd#: 1-800-345-2550 you can't create a retirement plan based on ttd#: 1-800-345-2550 a predetermined script. ttd#: 1-800-345-2550 at charles schwab, we actually take the time to listen - ttd#: 1-800-345-2550 to understand you and your goals... ttd#: 1-800-345-2550 ...so together we can find real-life answers for your ttd#: 1-800-345-2550 real-life retirement. ttd#: 1-800-345-2550 talk to chuck ttd#: 1-800-345-2550 and let's write a script based on your life story. ttd#: 1-800-345-2550 >>> former hewlett-packard ceo and cnbc contributor carly fiorina writing an open letter to mark zuckerberg on his upcoming faceboo

the lives of their fellow human beings and so if you take the somebody who has destroyed some carly fiorina sending to no ten twenty thousand jobs created what are you job creators gimme gimme a break the minority one hundred corporations have been shedding jobs over the last decade but not creating jobs the united states didn't create jobs overseas so these people go to bed every night sleeping just fine knowing that they've ruined the lives you know but i think overnight it's. you're not addressing my issue well i'm asking i'm grammes you're upset i'm saying i only wives because jobs are going to give me any rationale other than that they're rare and any possibility for why they wear them things are going outside of their own all sociopaths come on but the idea here is listen what we're doing we're not well ok some of them maybe they are but well the american banker magazine actually your forbes had that article it's ok that one of the one we're talking about here we're talking about and that means that we're talking about problem that we're talking about the top hundred companies in the

of hewlett packard carly fiorina within that panel. nothing you said of a business taxes is actually true and so we think that's how she doesn't split with but it's not true. now not true and that wasn't enough he had to go into with blog afterwards and basically the whole panel saying we're doomed saying. that was my reaction after the debate on this week basically he was very disappointed that nobody on that panel believes what he believes so cruel and is just going to town here he is relentless we just saw him with ron paul which was really exciting and it was on bloomberg that was good. producers forget things together like you know there's so many things that are wrong with paul krugman that i don't even know where to start and it's very frustrating and part of it is obviously i have a certain thing for against academics who never actually practice what they preach they just kind of preach from an ivory tower yeah i mean look at their own fantasy universe which is what paul krugman does but just think one of the one of his points

this is to carly fiorina. why is it so few business people are actually winning public office? you touched on this earlier. and will more be inspired to run if mitt romney wins? >> well, i'm not sure i agree with the premise of the question. i think historically not that many business people have wanted to run. for a whole set of reasons. maybe they love what they're doing. maybe the political gauntlet that you have to run through seem seems not worth it in many cases. >> maybe all of the above. >> maybe all of the above. here's what i think is -- i hope that we do have some business people in congress, which is fantastic, and we have doctors in congress, which is fantastic. and let me quickly say i agree with steve. i'm not being pejorative in any way to people who dedicated their life to public service. i just think we need some diversity. i will say this, though. whether you are a democrat or a republican, whether you're voting for barack obama or mitt romney, i think we are doing a huge disservice when as a political matter we say that a successful entrepreneur or successfu

that's the strategy for hewlett-packard. >> carly fiorina in washington, thank you. >>> let's go to garyme off the stairs. you asked carly -- she was there, in fact, a week ago with us at that time. you had a broker at morgan stanley that couldn't get you shares in facebook, what we knew a week ago at this time was that this deal was massively overallocated. i want to talk about another deal. let's take a look at what somebody wrote in. that sums up the mood of the street today a week later. quote, this is all so bad for our business. i'm sick. have a nice holiday weekend. now, this is a legitimate weekend and i think, carl, it sums up exactly the sentiment of what is happening and some say it's worse than the stock crash. this was a well documented valuation that retailers across the country and across the world took into account. let's look at the five worst performing stocks in the s&p, if we can bring that up. obviously company-specific. dell, netapp, tiffany, lowe's. we know the s&p is up. take a look at the widely held names, ibm, mcdonald's, if we can get to the next chart, but es

. >> just a reminder, the former hewlett-packard ceo carly fiorina has written three tips to mark zuckerbergu can look at that as well as our facebook coverage at facebook. cnbc.com. >>> we have a 30-point gain right now. >> individuals should be in index funds. they should not be deciding whether pfizer is better than p and g or something else. >> is he right? or is individual stock picking still the way to go? two top strategists weigh in on that coming up. also, are retail investors smart enough to buy individual stocks? tweet us your thoughts on that. we'll reveal your responses coming up here on the "closing bell." stay tuned. tdd# 1-800-345-2550 checking the charts. tdd# 1-800-345-2550 looking for support, tdd# 1-800-345-2550 resistance, breakouts, tdd# 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550 staying on top of the market is key! tdd# 1-

we had this panel with carly fiorina. >> rose: i'm getting to that because of what you blogged. >> and she said corporate tax cuts are the big thing that you want and then she actually cited as a role model ireland. and actual they's perfect. ireland has low corporate tax rates and has had the government spending cuts the republicans want and they have 15% unemployment and 30% youth unemployment. >> rose: but the argument at the time when they were calling it the irish miracle, everybody said the reason businesses are flocking flocking to ireland is because you pay low corporate taxes. >> and there was some of that. >> rose: is any of that true? >> businesses flocked to ireland. now exactly... you have these businesses, pharma industry in ireland that it's there but it makes almost no contribution to the irish economy. but that's not... the point is... the reason i liked that ireland story is it's a perfect illustration that all of this stuff about long-term and tax rates has... is irrelevant to the question of the recession... of the depression we're in. because ireland has gone... >>

former head of hewlett-packard, carly fiorina. "new york times" columnist david brooks and from "the washington post," and author of "our divided political heart," e.j. dionne. finally this morning, a special conversation with maria shriver and michael lewis about the advice they have for college graduates during this commencement season. >> class of 2012, you are dismissed! >>> from nbc news in washington "meet the press" with david gregory." candidate, you were here about a candyear ago declaring your ut a candidacy. where are you in this race? are you unequivocally behind governor romney and do you think he can win? >> oh, sure, given this level of unemployment and this level of deficits it's very likely he will win and you'll see it pull away in september and october. >> what have you learned about mitt romney? >> he's tough. much tougher than i thought. hehe'p hehe's prepare he's takes to win. he's a very good organizer, in the end he can organize at a scale that can match obama, i couldn't. i think he's a good study. i think

carly fiorina was ceo of lucent when it went public in 1996. the largest of its time. she says it's now up to facebook. >> what's much more important, can this company monetize those relationships? >> reporter: nbc news, new york. >> for more on facebook's ipo, we're joined by cnbc's kala tausche. >> good morning. >> why did the ipo not live up to the hype? >> remember the internet bubble a decade ago? companies were going public that weren't making money and jumping four times, 100% on their first day. facebook makes real money. a billion dollars last year, so investors thought if that's what happened where they weren't making money, facebook will have a blockbuster performance, where in reality, because it's so big and so mature and does make money, it's going to trade more steadily and more predictably. >> steadily might be a good way to put it. it closed at the initial offering of $38. how are most people describing this? >> describing it as flat lining as a heartbeat there is some potential upside. there were issues on the nasdaq. not enough orders could be proces

carli fiorina should be on the facebook's board.time to die yers the headlines of europe and look at the euro has and hasn't done over the past 24 hours. >> yeah. you know, it was a former trader, the first thing i think is very important is, when the euro dropped on that headline hitting the wires, it did not trade lower than it did at 3:00 in the morning. certainly it did violate 127. why is that important? it wasn't able to expand the range which tells me that much of what that headline depicted whether you believe all of the facts or not is being and has been priced in the market. i'll tell you, carl. in my opinion, i think the chances of all of this holding together whether it's the people that share the currency, the people that just share part of the european union, i can't see how it's all going to hold together. because in the end, you can't make people do things they don't want to do and i think withdraw slips and ballot box is compelling and decisions they arrive at might not be the best for their country. >> yeah. you kn

. >>> after the bell, former hewlett-packard chairman and ceo carly f lly fear fe-- fiorina. >> thanks a lot for that, bill. >>> an infwregredient in a prew out supplement has caused a stir. there are hundreds of millions of dollars on the line. our darren rovell is here with a special report. hey, darren. >> yes, mandy. it's called dimethyl amialene. it's a popular prework out supplement. taken to pump those up working out, before working out. they are sold by publicly traded companies like gnc and vitamin shoppe. those stores are legally selling these products. the fda has called into question whether they deserve to be on the market. on friday the fda sent letters to ten manufacturers of dmaa brands stating it is of the government organization's belief that dmaa does not qualify as a dietary supplement because it is not derived from a plant, mineral or herb and did not appear in the food supply prior to 1994. as a drug, dmaa would have to be approved by the fda before it hit shelves. manufacturers of dmaa brands that have been on the shelves for years say the ingreend yent actually