honest i think of it more privacy taken from me in the bars and restaurants of london i have on earth facebook. being true to me i state yeah but to be honest you know my credit card has been cloned twice in london and that was in bars up to get no one's ever stolen my identity on facebook perhaps i'm just not desirable enough i don't know. japan is said to turn off its last working nuclear reactor leaving one of the world's largest industrial powers without atomic energy for the first time in over forty years it heavily relied on was source but the government bowed to immense public protests in the wake of the fukushima disaster physics professor dr howard hayden thinks is just a matter of time though before tokyo goes nuclear again. they have fifty four reactors and they have one of them operating but it will be down for refueling as it is what they're doing is burning a lot of residual oil and the the pact on the price of residual oil has been felt awful as far away as whole y. e where the price for electricity now is very very high because of that that decision to shut the nukes and but it

honest i think i've had more privacy taken from me in the bars and restaurants of london i have on earth facebook page. me eyesight yeah but to be are they still know my credit card has been cloned twice in london and that was in bars up to get no one's ever stolen my identity on facebook perhaps i'm just not these are born off i don't know ok roman if i go to you in san francisco where do you jump in on this i mean you're not going to have a well maybe why have a timeline in a bar one day but that's an interesting difference roman where you jump in on this . yeah i think it's always as always if you have a consumer product and they change something especially if you're as popular as facebook there is going to be backlash and there has been significant backlash against timeline but in terms of you know stuff being more visible i think that's actually positive in the sense that the whole the post that you did back in two thousand five when you were in college or something there were still there and it was there were still possible to find them but you were probably not aware of that because you di

you know, facebook is 21st 21st century they're tolding changing it. warren buffet never buys any ipo. more down to earth an cnbc survey of thousand americans finds that facebook is passing pad. >> i think the question is not so much whether it -- i don't think facebook is going away still growing. the question is whether it can generate revenue and whether that will continue to grow. nothing grows with this and ultimately things do slow down or reverse. >> half of those raised since the survey was taken was already too high. >> it can be a great company and it can be growing with strong prospect if it's not priced appropriately. that's the big concern is the pricing. >> even before the initial shares hit the market they'll go chosen by the managing the initial public offering made a large stock bonds. much financial planner. >> there are fund out there that have idea stocks in their portfolio. it's not like you're buying just facebook. it will be somewhere between 1 to 10%. >> investors say yeah or nay. we'll find out friday. you can go to ktvu.com for more coverage. we've posted a section for you about

[ laughter ] meanwhile, here on planet earth, there's big investment news. facebookent public this morning. um -- [ laughter ] not only one person, a single clap. [ laughter ] facebook public -- facebook sold $16 billion worth of stock today, making it the largest initial public offering for an american company ever. the winkle vos twins are on suicide watch. somebody should probably call to check on tom from myspace. facebook is now valued at $104 billion. more than mcdonald's, more than disney, that's -- the company whose primary purpose thus far has been to update on what your former college roommate had for breakfast is that much. worth more than mcnuggets and mickey mouse. it's unbelievable. part of their success comes from the fact that they don't waste the whole day screwing around on facebook. mark zuckerberg personally made $1.5 billion today. that is more than i make in a year. that is -- [ laughter ] amazing. he's now -- they estimate he's now worth $20 billion. you know how many home perms he could buy with $20 billion? this is kind of funny. on cbs this

mark zuckerberg rang the bell from facebook headquarters and became the 29th wealthiest person on earth. >> many employees and invited guests -- [ unintelligible ] sky 7 hd was over the campus and its so-called hacker's square this morning. zuckerberg wearing the hoodie is in the middle of the crowd. you can see employees taking photos and shaking his hands. >>> dollar signs the new friends of mark zuckerberg and company. ipo means facebook is worth 112 billion dollars. more than amazon.com and disney. amy hollyfield joins us from facebook headquarters. >> reporter: mark zuckerberg has the status update that all of us can only dream about he became a billionaire today here in an enthusiastic menlo park. mark zuckerberg rang the nasdaq opening bell remotely from his menlo park headquarters this morning in his trademark hooded sweatshirt. fellow workers say it was the perfect wardrobe choice. >> i think it is great. why change a thing it has worked so far. >> reporter: the big moment treated a lot of excitement in menlo park with even the mayor paying a visit to the headquarters. she leav

mark zuckerberg rang the bell from facebook headquarters and became the 29th wealthiest person on earth. >> many employees and invited guests -- [ unintelligible ] sky 7 hd was over the campus and its so-called hacker's square this morning. zuckerberg wearing the hoodie is in the middle of the crowd. you can see employees taking photos and shaking his hands. >>> dollar signs the new friends of mark zuckerberg and company. ipo means facebook is worth 112 billion dollars. more than amazon.com and disney. amy hollyfield joins us from facebook headquarters. >> reporter: mark zuckerberg has the status update that all of us can only dream about he became a billionaire today here in an enthusiastic menlo park. mark zuckerberg rang the nasdaq opening bell remotely from his menlo park headquarters this morning in his trademark hooded sweatshirt. fellow workers say it was the perfect wardrobe choice. >> i think it is great. why change a thing it has worked so far. >> reporter: the big moment treated a lot of excitement in menlo park with even the mayor paying a visit to the headquarters. she leav

earth with this ipo. and the average facebook employees' shares will be worth 2.9 million dollars. here's some of those employees. of course it is not just the employees who are excited. investors will be lining up to pay $38 a share. some admit the hype and emotions may be influencing some judgment. >> it is something a company and product that i love so i may be willing to pay a price that is not a rational price because i want to be part of the facebook phenomenon. >> reporter: here's some perspective of this day. facebook's two billion shares will blow other first day trading numbers out of water google was 250 million zynga 116, groupon nearly 50 million and linked inn at 30 million. it is a -- huge day for this company, many have pulled an all nighter in anticipation of the company's big moment. amy hollyfield, abc7 news. >>> today you can buy a piece of facebook if you want to given how popular facebook is among user wall street expects many of you will. will it will be a wise investment for you? katie marzullo joins us. >> reporter: that's the question this morning. >> a fr

earth's beginning. >>> we'll tell you if san francisco came out with a win. >>> plus, people use facebook.ut which profiles are completely truthful? [ birds chirping ] [ inhales, exhales ] [ announcer ] cigarettes are not just dangerous when they're smoked. [ rat squeaking ] they're dangerous long after. cigarette butts are toxic. they release chemicals that poison our water... and harm wildlife. and millions... are polluting our environment. [ sniffing ] [ seagulls squawking ] >> the giants have lost four in a row going in to today's game. the team struggled early on but fought back to pull out a 5-2 win over the milwaukee brewers. they play tomorrow at at&t park. >>> the as took it in to extra inning with the tampa bay rays tonight. they came out on top. oakland hit a go -ahead homer in to the 12th. final score there 4-3. >>> it's the most exciting two minutes in sports. we're talking about the kentucky derby. and the chestnut colt named i'll have another has won. riding the victory, rookie jockey, 25-year-old mario gutierrez, the kentucky derby is the first leg in the triple crown. the

facebook 20 the idea was a terrific success, the price it exactly right into they did not leave any money on the table. there received a lot of money from investors. these regulatory investigations earth, was there hanky-panky before hand? did the nasdaq screwed up? these are glitches, these are not major problems for them. south they will not substantially impact facebook the ability to do business. they may have to pay a fine at some point or multiple fine, but at some point it is going to be behind them at a woman be used to the company at all. from an individual investor's point of view this is huge. this is a really clear sign that either you are in or out. but these allegations are true it is clear that big banks and big investors have access to information that ordinary people cannot get that is not right. that is another example in a long string of examples that make banks and stock exchanges really unpopular in the eyes of ordinary people. frost is obviously you guys against as and that is what the perception is going to be. it's a level not help them in the eyes of the public. does that matter to their businesses? probably not. >>grant: facebook and morgan >>stanley: have bo

. >>> more details now, facebook ceo is in rare company as one of the 30 richest people on earth. today's stock sale made mark zuckerberg a billionaire19 times over. most of the money will pay the tax bill for exercising 60 million stock options tkpwofplt to ktvu.com for the -- options. go to ktvu.com. the ipo could not halt wall street's slide. this week was the worst week of the year for the market. the dow lost 73 points due to the union and greece in particular. the nasdaq fell 34 shedding 45% for the week. it has been a miserable may so far. the dow lost 3-1/2 last week t. is 800 points -- week. it is 800 points below. at the same time it is 1% higher for the entire year. the s&p500 is off 7.5% this month. >>> in washington, the economic crisis in greece is expected to take center stage for the ga nations. the president med with france at the white house today. -- met with the france president at the white house today. greek voters rejected deep spending votes raising doubts of the union bailout package for greece. >>> new at 7:00, greek americans in the bay area are weighing

two weeks after they declared him the 29th richest person on earth he is off the top 40 billionaire index list. facebookalue fell below $30. despite minor relief some wonder if the honeymoon is over for zuckerberg. here with insight is dan acerman. this was highly touted, this coming out party for the social networking juggernaut that is facebook. >> people think maybe they priced the stock too high initially. you never want the big pop. if your stock goes up too much that means you under priced it. >> the big story mark zuckerberg off the top 40 list. he is not hurting. he made his money. >> facebook sold their stock at 38. if he holds on to what he has left if it comes back he is fine again. >> how do analysts look at this? i'm sure people were thinking this was the greatest thing since sliced bread wants people to turn around and let it level out. >> you have to take a long-term view of this. facebook was adamant they don't want people to be one day turn around investors. they are trying to be a long term business. you can't make everybody happy right away. >> is there negative sentiment that is goin

earth without a parachute and walk away. >>> good evening. tonight there is a storm brewing about facebook, fairness and all that stock sold after so much excitement. investigations have begun, lawsuits have been filed. here's the critical question. were wall street insiders given secret information about the company while ordinary people were not? today the stock rose $1 over yesterday, but it's still well below his offering price. so we spent the day asking how much the insiders make on the sale and how much did it cost everyone else. here's abc's bill weir with some answers. >> reporter: it was supposed to be a crowning week for newlywed and new billionaire mark zuckerberg. instead he's now being sued by thousands of investors who accuse him and their bankers with withholding information about the value of the company. so when the average investor was lining up to buy on friday, those elite few in the know were poised to sell for a quick profit. >> the individual investor is always at a massive disadvantage to professional traders. >> reporter: case in point, this college student. >> it

facebook likely -- likely -- it's probably going to be priced to go up on its first day soar, but will it then drop down to earthinvestors finally get a chance to buy it. you're left catching the proverbial falling knife. so facebook has an incredible energy and focus on it. right jt i mean, you know, movies, we all deal with in our daily life. one of the most high-interest ipo's of all-time? >> no yes. one of the largest of all-time. the hype is unrivaled. in recent memory i can't remember. you mentioned groupon, linkedin. not in the same league, in terms of capital raised on people's consciousness of what the brand represents. >> right. so it's really hard to get the stock right now. obviously. if you're a regular investor. is it impossible? >> it's not impossible, but with most ipos, as you accurately pointed out, all or in most cases, most shares go to the investment bankers and to who they represent. >> uh-huh. >> so oftentimes individual investors can't get in or have a very, very, very difficult time getting in. which there's a reason for that. very often times in an ipo, if institutions are the, the prim

earth. >> mitt romney will have a huge win, a big win. >> reporter: as for the democratic web video there were no congratulations, this one in the theme of a facebook web page. it's titled mitt romney, little to like. >> 47th out of 50 in job creation. >> help ended up third from the bottom in job creation. 48,000 manufacturing jobs left. >> planned parenthood, going to get rid of that. >> reporter: a facebook timeline it. cycles on for two more minutes using sound from gop rivals and more from himself. what we have is a story with two different reactions from both campaigns. >> all right. much more to come on. that thanks for that report. >>> well, it seems like someone forgot it use the spell check before releasing a new mitt romney iphone app. it allows supporters to sphraf themselves with one of the slogans. the problem is it hadmark misspelled. the romney camp is down playing. it also seems like the first lady is popular with americans. michelle obama has a 66% favorability rating. opinions of her became more positive in january, rising to $69%. the first lady is typically more popular than her husband. jamie? >>> all new at 6:00 it may be one

privately built space capsule is supposed to return to earth thursday carrying science experiments and gear the crew no longer needs and facebooks to release its own smartphone next year. according to the "new york times" facebook hired former apple engineers to design it. last year tech blogs reported the social networking site was developing software for a phone and facebook will need to develop fresh sources of revenue now that it is a public company. for those not completely addicted to facebook, there is another way to connect. >> another excuse mark zuckerberg is everywhere. thank you so much. one of the most outspoken opponents of same sex marriage just got in an unusual invitation and speaking about saying yes, we'll tell you who tony perkins appears to be agreeing to visit and later on the politics of memorial day. muted but still there. >> so we invented a warning.. you can feel. introducing the all new cadillac xts, available with the patented safety alert seat. when there is danger you might not see, you're warned by a pulse in the seat. it's technology you won't find in a mercedes e-class. the all new cadillac xts

so facebook likely, likely, i mean i'm not a clairvoyant here, but it's probably priced to go up. on the first day it will soar. will it drop back down to earthas regular small investors get a chance to buy it so you're left to catch the falling knife. peter is joining me, so facebook has this incredible energy and focus on it, right? movies, we all deal with it in our daily life. so it's got to be one of the most high interest ipos in all time. >> it's also one of the largest in all time. the hype is unrivaled. i can't remember -- you mentioned groupon, linked in, not in the same league. just in terms of the capital being raised or people's consciousness of what the brand represents. >> right. so it's really hard to get the stock right now, obviously if you're a regular investor. is it impossible? >> it's not impossible, but with most ipos as you accurately pointed out, all or in most cases most shares go to the investment bankers. and to who they -- who they represent. so oftentimes, individual investors can't get in or have a very, very difficult time getting in. which there's a reason for that. very oftentimes in an ipo, if institutions a

facebook fallout did not do well today. i think that yahoo came back down to earth and it was kept closer to dearth because of that. much of this will be used for a yahoo buy back. i am bullish. the way i want to do is use a call calendar and use the option max to my advantage. the call calendar that i would buy is the july october $16 call calendar. what is that doing? buying the $16 call, paying $1.20 and selling the judge $16 call to reduce the cost and collecting 75 cents for selling the judge call. the whole thing cost 45 cents. if we get past the expiration with yahoo below $16, it's all upside. we are lowering that october call. >> thanks a lot for that. we have to talk facebook. it's 12 or 13 minutes. we haven't addressed directly the fact that facebook not only broke the price, but in a bad way. >> very bad. horrible performance. i don't know if they abandoned the morgan stanley and it would seem abandoned any bid at all, still i think the valuation is ridiculous. i'm not getting it. i think we are going to talk about it more in detail. they never should have priced it where they did. >> it's staggering th

facebook. >> "the avengers." that's what we call ourselves. sort of like a team. earth'sheroes. >> not just the alien invaders that earth's mightiest heroes defeated this weekend. "the avengers" killed it at the box office. a commercial blockbuster in every sense of the word. shattering nearly every record for an opening movie like a punch from the hulk himself. the ensemble comic book flick about a group of heroes coming together to defeat an alien threat earned more than $200 million in just three days' time. it was enough to break harry potter's spell, outearning harry potter and the deathly hallows. or two i might add. the young wizard did hold onto the title for the biggest opening day. "the avengers" did just $80 million on friday, with the superhero's regrouped quickly saturday morning banking $70 million that night. best second day ever, and just to put an exclamation point on it, $50 million more on sunday, pushing batman from his perch atop the list of sunday's top earners ever. what's more like a lightning strike from thor, the movie reached $150 million faster

facebook's ipo on friday, shares have fallen more than 18%. it closed at $31 yesterday. apparently the morgan stanley's analysts' are a deer investigation four earth telling a select few of his clients. >>> so morgan stanley has released a statement saying it acted within compliance with and all applicable procedures. >>> this could be rough afternoon in palo alto. hewlett-packard is supposed shutdown's another round of job cuts. 35,000 jobs will be affected. the ico made with man is trying to reorganize be giants. that has been hurt by slowing sales. >>> the one getting the most attention is castro the daughter of castro. castro will speak at the conference about transgendered health. and history in the making, of voters are choosing their the first president after decades of authoritarian rule. the winner will be announced on june 21st. this is the first elections since mubarak had been ousted as the leader. and it what he is compressing into for the first-time. and beating of breast cancer how and beating of breast cancer how losing just lol way to could discover british columbia. visit: discover britvisit:lumbia. stories. the man that is the a

earth, it is the best chance to see it for the next few months. >>> new blockbusters taking down their ventures in the box office. >>> this morning facebook's new project that could be aching changer. coming up. ,,,,i'm a native californian. times are tough. our state's going through a tough time. but we can fix it. ♪ chevron's been here in california for 133 years. we work hard. we support 1 in 200 jobs in the state. we support each other. and we spent over $450 million dollars with local small businesses last year. and, together, we can keep this... we're committed. ...the great state of california. committed to california. ♪ of crowds around the bay area this morning. patchy fog along the coastline. '70s inland. more details on your way coming up. >>> and an accident and an oil spill causing trouble for morning commute. >>> that looks fun. the golden gate bridge anniversary wasn't the only party that was going on yesterday. >>> in bills itself as the largest multi-cultural celebration. showcases food and dancing and costumes. is facebook getting into the smart phone business? according to the new york times is planning to launch its own phon

facebook's timeline to share all kinds of experiences and moments others are concerned about the security and safety of this new. well. technology innovation all the latest developments around russia we've got this huge earth covered. lead point tara times had the russian north caucuses as two powerful blasts in the republic of dagestan leave at least to seventeen dead and over one hundred twenty injured to. washington returns to war rhetoric against iran as the u.s. military claims it can destroy towns armed forces of less than a month led also this hour japan is giving up nuclear power for the first time in fifty years shutting down its last working reactor that's not to say it's only a matter of time before that switch back home to one of the world's top industrial nations. the reset in russia u.s. relations think push forward systems and what i say should and the rise of the protest movement across the country looking at the negative to me trying to do that it's presidency as his term of office trolls to lives.

in a new facebook poston the wife said she and the girls are happy for the visit but family visiting rooms to be one of the saddest places on earthmuters are relieved to hear this, the congress park in the loop is back open. the governor was on hand this morning as all lanes of traffic reopened. for the last year and a half there was heavy construction between wells ave. and michigan ave. the governor said this work to create 400 jobs. >> we are all about jobs and that is what this program is about, investing in our roads our bridges our highways, our water systems like the chicago river, we have to make sure we put people to work. >> work on the congress park bridge is expected to be done at the end of the month. >> sunscreen makers to get more time to clarify how much protection their products provide. not many of us goes on bidding in december but that is the new deadline for major sunscreen makers to change their product labels. the fda wants labels to distinguish which brands protect against ultraviolet b rays of which cause sunburn in which protect its culture but iagainst a rays. >> sleepwalking may be more common than exp

earth. >> i don't know why i am asking, i do not have any extra money lying around. more of the bad news, general motors says it will not advertise on facebook because they do not think it is worth it. but if you do think that facebook is going to do well, picture apple, if you bought it in 1980 at $22, that share is now worth $44,000. so maybe in a couple of years we will be talking about the facebook share that you guys bought. because i do not have any money. >> that is gambling. >> and is just air, what is this stuff? i don't get it and there is a lot of rich people buying, god love them, maybe it is a great deal. i do not know anything about any of this stuff. >> if it can single-handedly assist the economy and give it a boost. great!. and then of course the state will benefit from the taxes. >> $2 billion i understand. >> nearly 2 million people depend on it for their drinking water but the agency that runs the system of self they reservoirs' admits that they have a problem. with oil spills. christin ayers tells us that this is going on for more than a decade. >> that is right, santa clara county water officials tell me the eight spill

earth than average. that made the moon appear larger and brighter than usual. we want to see your perspective of the super moon so tweet us or send us your pictures on facebook byng "news4 today." i was super tired. >> i was super at work but we had a lot of clouds around last night. i really didn't get a very good view of it. we had a few people send in a couple of pictures but we immediate more. if you have a great picture of it send it in. we were cloud challenged around here yesterday evening. >> how often do we get to see the super moon? >> it won't be that big again for another 17 years. the moon is on an elliptical -- >>and cicadas at the same time. little bit of high water along hains point today. not a big coastal flooding problem but nonetheless, often the times the big ful moons like that, astronomical high tides are higher than average. if you live along the water, running down hains point today, you will notice the water is elevated. certainly not anything too tear bli toybl worry about. didn't have too ferocious of an onshore breeze. an onshore wind though. light wind. five to ten miles per hour across most of the area. cloud deck has eased up a l

facebook's new millionaires to go for break. it's not their style. the club of unpretentious pretentiousness. >> do i buy something grand? no. am i kind to mother earthm i going to buy something that's a lot more than what i really need? no. >> did they get pre-ipo shares? no. carl, they're hoping for a new post-ipo to a new millionaire, and they're not alone. >> now to cramer time. the mad money man himself onset with me. we're going to talk about facebook. >> sure. >> you have not only talked about pricing internet start-ups, you have lived this story. what do the conversations sound like with bankers. >> okay. there's a great tension. there's tension among the people who want to buy, you're talking large mutual funds who are commission payers, there's tension at the company, the company wants the maximum amount but not upset people. and then there's this just unbelievable over the transit where the syndicate managers lose control entirely of the situation to individual frenzied buyers who come in with market orders. this is what happened at the street.com and two other ipos between 1998 and 2000. that's the most dangerous part of this. >> what do

earth to play your money. an all new episode of the show right here on cnbc. >> all right. up next on "street signs," a cautionary tale for the new facebook millionaires.ear from a man who's been exactly where they are today but threw it all away. him and his unbelievable story and advice after the break. >> and as we head to break, check out a couple friday winners. salesforce.com up about 10% today. the biggest winner on the s&p in fact. and yahoo! every dog has its day. it's up over 5% or about 5%. one of the top gainers on the nasdaq. do stay tuned. ♪ ned. ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh [ engine turns over ] [ male announcer ] we began with the rx. [ tires squeal ] then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the all-new rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. see your lexus dealer. >>> welco

facebook. no showy pr. just a simple status update change. >> reporter: the celebration in the backyard. ♪ my beating heart belongs to you ♪ >> reporter: billy jo armstrong, reportedly performed last night on earthtunes from bon jovi, flo-rida and michael jackson. many of the guests were surprised. being told they were coming to a party for priscilla, who just graduated med school. >> she's going to be a pediatrician. our dinner conversations are often about kids. the kids she's meeting. >> reporter: they met nine years ago. what else do we know about this woman who married the richest, most famous geek of this generation? she's 27, from braintree, massachusetts. loves cooking, soft things, sun-dried toe may toast and diet a pand pand w. before med school, she spent a year as a fourth and fifth grade science teacher. >> they have a dog. other than that, their life is closed. >> reporter: the ring is a simple ruby, designed by zuckerberg himself. the wedding was apparently not planned after the ipo. but legal experts say this timing will make it harder for her to make claims on his facebook money in the unlikely event of a divorce. >> you're bringing that up already? >> can we get the producers i

facebook, the social offering. today at 1:00 p.m. eastern only on cnbc. [ male announcer ] if you believe the mayan calendar, on december 21st polar shifts will reverse the earth'sl and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans? and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going. go for olympic gold and go to college too. [ male announcer ] every day we help students earn their bachelor's or master's degree for tomorrow's careers. this is your moment. let nothing stand in your way. devry university, proud to support the education of our u.s. olympic team. devry university, proud to support the education we have product x and we have product y. we are going to start with product x. the only thing i'll let you know is that it is an, affordable product. oh, i like that. let's move on to prod