you need to look at ford versus gm. >> focus on gm itself here.ent already sold billions worth of stock and a loss to taxpayers. >> yeah, it is pointing out stock is down 50 percent during a time when the overall stock market is up on a relative basis. gm is worse than it appears. why bring up toyota. compare general motor to ford. ford is hitting the ball out of the park and developing the great cars like the focus. that's all you need. definition of insanity is doing the same thing and expecting different resultings. you have a uaw dominated company you will not get different resultings. >> what we expect here. the bail out a company, that company is no longer in the business of profit. they are serving political masters that don't care and something like the chevy volt. and the tragedy of the bail out and if gm was allowed to go bankrupt it doesn't disappear but they have a clue about how on run the car company. bailouts never work. >> chrysler is now a foreign car company . we gave fiat 40 percent of it and now they own 60 percent. it is not a

(preepro out)the gm ssokeswwman also told us...(preepro in)"other &pauto manufacttrers like ford, vw, aad bmw are now racing to &the hiia market in order to play caach up to gm's sales success."(pre-pro out)< 3& " since theebailout, 0 - percent of tte cars and trucks outssde the u-s, more and more that ppace ii china..."gm ays pt has a global policy of "build where thhy sell.. they believe it lowers the ccst for the ustomer...(ppe-pro in))- rrughly 70 percent offits pales aae geneeated ouuside of the u-s...doing business in pore thhn 120 ountries...more than 7-thhusand people work -3 for the company nnthe u- s...205--housand globally (pre-prooouu)< video...00000:00 - 00:09:11 > " akerson calls chiia the crown jewel innthe gm universe...us taxpayers may --3 wonder here that leeves the us f america..."< wall...0:01:55 - 00:02:11 > " 3 hhppening...they'reebuilding vehhclee here...for pprchase here...expanding hhre...aree they expanding at the same clii they are in hina....o..." 3 more than 18- 3 milliin vehiclee were sold in chinaalas

if you're a gm. if you're anyone and you realize that the austerity measures are on hold, put it mildly, france, not acted nearlily swiftly if at all and retiring at the age, 19 or something in france, exaggerating. but in other words, all of that can exist and you're on the line for it. it's out of your wallet to do it. what would possibly compel any company to set up operations in france, save the food, which we must agree is phenomenal. >> look, we see the same thing in this country. california lost a ton of their business because of regulation and taxes. illinois has lost a ton of business because of regulations and taxes and now multiply that for france and i don't know, in answer to your question, i don't know why you'd want to set up in france. and might would-- and with some, with your sales over there. but there's other countries in europe. ireland has a very friendly corporate tax structure. you can build cars there instead. >> neil: ireland isn't exactly firing on all cylinders, no pun int

. >>> still to come, gm's stock still well below its price. bailout a bust, or will it make a comeback here? it's a little past halftime here on "kudlow." we're back after this. (female announcer) most life insurance companies look at you and just see a policy. at aviva, we do things differently. we're bringing humanity back to life insurance. that's why only aviva rewards you with savings for getting a check-up. it's our wellness for life program, with online access to mayo clinic. see the difference at avivausa.com. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. domestic, abundant, clean energy to power our li

gm told us it wasot even worth one pennof their global ad budget.isten to gm this week. >> that wod be a hug change from the roughlhly last 20 years. >> josh boak think you could joining >> our number o of the week, 30, could make this memorial day weekend very memorable for car dealers. kelly blue book is forecasting an increase of 30% this year. two additional sales days in may as well as moree inventory to sell. we hope you hahave a great memorial day weekend and thank yofor joing us.

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so gm is really a play on china.ight now when i see the news out of china, not heartening bhp saying all the wrong things about commodity uptake in china. bhp being the bellwether commodity stock around the worlworld warren buffett is taking a long time view. long term, we're dead. >> you don't want your horizon to be too long. >> i don't want to own gm or ford. these are classic cases of raw costs not coming down fast enough. gm, by the way, a little bit better positioned because of china. volkswagen, bmw, that's who's hitting the ball out of the park. germany at this point in the world, you always have to be careful when you use the word himgeminy and germany. boy are they taking over the world in terms of commerce. >> also in the 13-f, increase in wells fargo, bank of new york melon, viacom. >> viacom buying back a lot of stock. melon, that's a bottom fishing play. i totally get. that wells fargo is the heir to same banking, banking that doesn't regard -- not being financial engineering. by the way, wells fargo, t

gm calling facebook a clunker. the pontiac aztec. >> and as we go to break, what data point is this? steve, do you have a guess? this is our mystery chart of the day. tweet us. we're going to reveal what chart you're looking at coming up later on in the show. stick around. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus - i can custom build my own screens tdd# 1-800-345-2550 or use predefined ones. tdd# 1-800-345-2550 and i can trade wherever i want, tdd# 1-800-345-2550 whenever i want. tdd# 1-800-345-2550 the kicker? tdd# 1-800-345-2550 i pay $8.95 a trade. tdd# 1-800-345-2550 that's a deal in any language. tdd# 1-800-345-2550 open an account tdd# 1-800-345-2550 and trade up to 6 months tdd# 1-800-345-2550 commission-free. tdd# 1-800-345-2550 call 1-800-790-7706. mpblt all right. welcome back. behind me is the rant wall of fame. maybe

and gm was not happy about the fact that it leaked out.u look at the numbers of what gm was actually spending, they were spending $10 million on facebook ads, but $30 million on creating content for facebook. that's a weird mix. a lot of people say that's not the way you should advertise on facebook. >> guys, thank you very much. good to talk to all of you. that does it for us here. stay tuned to cnbc. we will be in special cover

going to gm for a second, put it in perspective. a 10 million share position on a $20 stock, that's a weekend tip for buffett. he's not making a big statement there. i mean, that's a -- it may be a nod he gave to one of the recent people he brought in saying let me give you a starter position. see what you can do. don't draw anything from that. >> talk about gold here. lower yet again today. the fourth straight session. briefly entering bear market territory last night after dropping below 1,5$1,538.96 and fallen roughly 20% from the all-time intraday high set back on september the 6th. what becomes the trade now? stay away or buy in to that collapse? this is quite a story. we were at salt. we had people on the show out there saying that gold was going to hit $2,000. eric, the best known hedge fund manager in canada making a huge bet of gold to hit two grand by the end of the year. shy of 1,600 at this point and bear market territory. >> it's a risk asset. it's not a safe haven. b never been a gold bug and bought in to the inflation

if anything, it shows gm that gm might be out of touch with that new revolution of millionaires that it just created. so by pulling your ads out, you're actually isolating yourself from a whole new population of coolness. so the mobile users frown upon gm saying jim is not cool. >> i get that. but i'm asking you in terms of monoteization of the users facebook has and the new mobile users that it will have, when does that happen? >> well, i think it's going to be some time. i think that facebook has to really reinvent to serve ads on mobile platform. that's something that google did effectively years ago. and i think facebook is in a catch-up mode to get that platform in place and really monotize that. >> so what happens if you're wrong? what happens if they can't make that transition? so you sat there with the stock with the cool kids, as you put it. but that almost sounds like a paradigm. there's a possibility, surely, that you may be wrong. and they don't win over the general motors and the people that actually have the cash to make the stock sing, at least at these sort of valuati

and headlines about gm now look like this -- "gm now the number one out maker in the world."ales, gm the largest car company in the work. gm takes from toyota bragging rights as the world's number one car company. gm is thriving, chrysler is thriving. and mitt romney is running for president again, or still running for president. yesterday, mitt romney stumped his way through the swing state of ohio, which happens to have a lot of auto jobs. they look their auto industry jobs in ohio, very well, thank you very much. and they are therefore very much interested in ohio, in mitt romney's super courageous stand against bailing out the industry that their state depends on. but for the guy who said that bailout would never work and it was a mistake and we should let detroit and the car companies go, it turns out that courage wasn't the relative concept here for understanding mitt romney. courage, no. chutzpah, yes. >> i pushed the idea of a managed bankruptcy, and finally when that was done and help was given, the companies got back on their feet. so i'll take a lot of credit for t

genetically modified organisms or gm those intended to make the soil use in serial less vulnerable to insecticide. that is surprising because those are probably the better serials on a more natural cereals. we're talking about something very unnatural. we're talking about a little norges and that is never existed on earth. little is known about the long-term effects of gm lauzon's human beings his food watch dog group broke the costing as last year a report called serial crimes and no one paid much attention until last week when it restored ryland took notes and posted this notes. explaining why would no longer sell akashi cereal. the total went viral. >>> soft the natural pressure company also read of has a band kash gill to get their only gives green label cereals about cmos have akashi's cereals get a commitment to make more of their food f, g on the kelloggs has not posted is youtube response is difficult to find another gm on creance to fulfill its needs but critics take issue with that. arguing there already charge market prices and they should be paying more for organic ingredi

the underwriter of gm. they will have a series of reasons why they didn't feel like they did anything wrong here. both they will talk about comps to amazon and linked in. now, is it right? well, who knows. at the end of the day going up in size and price after they lowered numbers. >> was a gamble. >> to a certain extent was a gamble. >> the question is not necessarily did they do anything wrong but was it a successful ipo. you have to wonder whether or not gorman will actually say we did our job and this was a success. this was a successful ipo because at the end of the day we raised the money for the company and we didn't leave too much on the table. is that the mark of a success or is the mark of success what happens in the days afterward? >> that's always the key question. who is your client? clearly the client is the one you are selling the stock for but you also have clients you are selling the stock to. those are long-term relationships you have on a day-to-day basis if you're morgan stanley. this wa

gm is the first major advertiser to express disappointment in facebook.nced it is revving up its ads on facebook. it took a jab at the rival tweeting it is all about the execution. our facebook ads are effective when strategically combined with engaging content and innovation. that's a dis. what does your gut tell you? do you agree with gm the ads on facebook don't work? do they affect you? do you buy into it? go to facebook.com/newsnation to cast your vote. take a look at what they're saying about yesterday's gut check. after the california kbof inner proposed cuts to help the $16 billion budget gap we asked if the cuts are necessary. 63% said yes. 37% said no. that does it for this addition of news nation. thanks for hanging with us. i am tamron hall. tomorrow i will be joined by judy chu to talk about the violence against women act with passionate words and martin ba shier is up next with the emotional white house ceremony that president obama will present the medal of honor to an army specialist killed in action during the vietnam war. in one. new ton

and i was really not just the case at four but that was the case at gm and chrysler, today i remember the a lot of jokes and have about the return of cars with tail fins and flying car and there's a lot of skepticism. the key to mulally's turnaround of ford was really changing the way that the company operated at the top. and the way that he got to kind of all the nonsense, all the, got of the facts, kind of famous now, thursday morning means we need all these executives come together, sit around a big round table and go over all the information about the company's operation every week it and it was all color-coded to green and everything was fine. ya lament something might be in trouble. and red meant there was a problem. there was not going to be any debate about whose fault it was or why it was this way. we will discuss how to fix olympic this was to make sure how everybody knew was going on so they could fix it. and the problem was that once they learn how to do it, for the next few weeks all the slides were green. everything seemed to be fine. and yet allowing you that ford was t

gm has suffered more than a decadef lossesin europe. well, its another record weekend for disney and "the avengers", the superhero movie made another $100 million at the box office. no other film has ever made this much money in its second week end and it pushes "the avengers" worldwide sales total past the $1 billion mark. last week disney said a sequel already in the works. and finally tonight, mark zuckerberg today is the facebook c.e.o.'s 28th birthday and sets in motion what could be a really big week for him. facebook stock sales to the public is about 80 hours away. the initial public offering is expected to price thursday night and begin trading this friday. and we've learned zuckerberg will ring the nasdaq opening bell on friday. but he'll do it remotely from facebook's headquarters in menlo park, california is so happy birthday mark. and with bills of dollars on the line, tonight's commentator doesn't think going public was facebook's goal. here's harry lynn, executive in residence at idea lab. >> i was talking recently to a f

think of the hundreds of thousands of people that work for gm and the companies that support gm.ly what the obama administration -- >> does this mean gm is now the leading auto company in the world? >> no, because toyota is. although toyota and gm are neck and neck. toyota's had its own problems in the united states and north america gm is back, though, definitely. >> when you look at this list, what else interests you? what else is interesting about the list beyond general motors and apple? >> well, there's a couple things that catch your eye. number one, california now has more corporate headquarters than any other state, beating out texas and new york, which i think is interesting, and indicates the strength of technology sector in the nation's top companies. >> northern california. >> well, northern california in particular. i think another thing that's interesting as well is the fact that 17 million americans work for the fortune 500, dh is an awful lot. 25 million worldwide. but 17 million here in the u.s. and that's just the people who work directly for these companies. of

and the companies that support gm, that's really what the obama administration. >> this means that gmauto company in the world? >> no, because toyota is, although toyota and gm are neck and neck. toyota has had its own problems in the united states and north america gm is back so definitely. >> when you look at this list, what else interests -- what else is interesting about the list beyond general motors and apple? >> there is a couple of things that catch your eye, number one, california now has more corporate headquarters than any other state beating out texas and new york which i think is really interesting and indicates the strength of the technology sector, charlie, in the nation's top companies. >> northern california. >> well, northern kaichl in particular and i think another thing that's pretty interesting, as well, the fact that 17 million americans work for the fortune 500 which is an awful lot. >>> want to live longer? start jogging. that story is next in "healthwatch." you're watching "cbs this morning." of single mile credit cards. battle speech right? may i? [ horse nei

we saw the gm pulling out of facebook. stories yesterday, et cetera. >> they discussed this a bit in the regulatory filings. it's largely advertising-based. facebook advertising is really going to be the main source of income. now, we've seen also application developers can pay a fee to conduct transactions over facebook. i believe there's some sort of online currency. zynga, which is a game developer of games like farmville, which are very popular on facebook, is a significant source of revenue, but advertising is the primary source of revenue. and i had i it's fair to say it will continue to be that way. there's a lot of debate over the efficacy of facebook advertisements. gm pulled out. that's still an open question. anecdotally i've also heard very pod things. if you like a brand on facebook you're essentially signing up to receive constant engagement from them. i know that people have referred to it as a branding tool rather than a marketing tool. perhaps that's a nuance that's beyond most of the viewers' interest. bu

myth i lead the gm bailout, match that buddy. how would he respond to that? >> that the president has not created one net job in his four years in office that will be the real hard banger for president obama. one of the things that president obama is really worried about is the situation in europe. right now he is preparing for the worst and trying to take a page out of karl rove's book and a page out of barbara boxer's book. they are trying to take the fight to them. >> one thing about the swift vote ad they were false. >> you are assuming people know these things. [ laughter ] >> penny you wanted to jump in. what are the numbers about jobs -- i don't think ford was accurate. >> no, the president is starting to see a net positive. now they are starting to see an add to the net positive. >> look even an objective reality the job losses in the first couple of months when we were in a freefall. since then you are argue causation, but we have added 4-plus million private sector jobs. whether you want to get credit to the stimulus or not. ford i am correct that i

he took over gm and chrysler. he shed 2,000 dealerships from gm alone, cost them hundreds of thousands of jobs to get them back. and now he is attacking the same type of system that he used at gm, and he is proud of gm. he is proud of what he did there. you guys want to campaign on that. >> wait a minute, sean. gm and chrysler are in business. gst steel is out of business. >> how about steel dynamics? can i just as i this point? hold on. >> sean, hang on, sean. >> in the automobile industry. >> what about -- >> profiting at the expense. >> okay, your own car czar said this is a bad analogy. >> right. >> it's interesting that you bring that up. steve rattner said that the attack was unfair. and right after that, he said mitt romney, though, should have never claimed that what he was doing in the private sector was creating jobs. that's where he put this issue on the table. >> can i ask this question? okay. just let me get this in. >> please. >> gs steel went down. it cost 50 jobs. mitt romney was already several ye

sort of a little bit of a dig at gm there.hing i would point out about facebook ads is facebook is just touching the tip of the iceberg in terms of the fortune 500 and fortune 100 advertisers. many of its advertisers are smaller and midsized businesses. what they really need to do to grow their businesses is target more of the major, major advertisers like gm and ford. >> i don't know. call me cynical, but who didn't know that this was the week that facebook was coming public and make that announcement? carly fiorina, before we go to this break, there was movement earlier this week, a group calling for facebook to add their woman to the board before the ipo. what do you make? you know the ins and outs and the works of silicon valley. they have an all male, all white board at this point. do you suspect that sheryl sandberg will want to migrate this board i a more equal men to women kind of a board? or what do you make of this right now? >> well, what i think is a board is incredibly important. i frankly think we should focus as

and not gm? and then i think about that $900 million. >> yeah. >> there's got to be way. >> think about like the average driver of a gm car, you know. are they people who are spending hours and hours and hours on facebook? i wouldn't traditionally think so. >> i sort of had a vision of a bunch of bankers sitting around over morgan stanley. >> that would give you pause though for like a second. >> can you believe these guys come out with this 48 hours before pricing the deal? they're also for gm, are they not? >> yes, they are. gm actually -- they said gm is yanking its advertising from facebook, but it's actually not. there was a little bit of a misqualified leak because they're spending $40 million total on facebook, which still out of the entire pot isn't that much but 107b8 million of that is actually going the banner that you see on the top or side of facebook. that's what people aren't clicking on. the other is going to sponsored content. fan page isn't putting gm content on those pages and

. >>> able that extra money to help if somebody or protect the russians but when it comes to that gm could ridge tells us the state rated that program. >>> the wave will never forget license plates the featured an american flag with clouds and the never forget slogan. the dmv websites says the money raised to help pay for scholarships for the kids of 911 victims as well as law enforcement fire protection and public health agencies to fight terrorism but according to the associated press in 2008 then governor arnold schwarzenegger borrowed $2 million to close a budget gap and last year governor brown borrowed another $1 million. the state says it plans to pay back and the dmv says its recently removed references with the scholarship fund. deerweed apply for scholarships for their children either receive them or are in the process of getting them. >>> since 2002 californians have bought or renew these specialty memorial license plates more than 200,000 times. according to the ap reports only $21,381 is breaching the children and spouses of the three dozen california residents killed in

>> zeroing in on gm. the auto giant get ready to report.re going to break down the numbers line by line live from detroit. >> earning his stripes. entrepreneur lifestyle guru and author tim ferriss heats things up as our blue chip book award continues. the second hour of "squawk" begins right now. ♪ >>> good morning. welcome to "squawk box" here on cnbc. i'm michelle caruso-cabrera along with joe kernen and andrew ross sorkin. >> i don't think that 40.75% is right. compared with 2.75% and sold five-year bonds yield -- more executive turnover at electronics chaen best buy. chief marketing officer barry judge has designed. no reason given but his departure was said to be amicable. and this might convince aspires artists just keep at it. futures right now are suggesting that we will have a positive open. despite higher yields in spain, we don't see a lot of bad news coming out of there, the s&p would opener higher than 2, the nasdaq by 12. >> joining us for the next two hours, vice chairman of citigroup's global banking. i'm just reading some

the blackhawks former assistant gm is now the canadiens' gm.neville are close and montreal could try to lure him away. quenneville was unhappy when the team brought in a director of player developement barry smith, to help with the power play. hawks gm stan bowman says the team is committed to quenneville, and they have a good working relationship. the sox and indians double- header was plagued with rain delays. in the second game... the sox trail 2-1 in the eigth when alex rios singles in alejandro de aza to tie it. still tied in the bottom half... matt thronton pitching in relief, and gives up the game winning run to shelley duncan. sox lose 3-2... they also lost game one, 8-6. philip humber allowed nine hits in just two- and- a- third innings. sox have lost 11 of 14 games now. cubs starting a series with atlanta on the north side. they're down one in the fourth when brian lahair ties it with his eighth homer. very next batter is ian stewart who puts the cubs up with his third. cubs lead 3-1 in the eighth... carlos marmol walked the first to

gm has decided to stop advertising on the social network. gm reportedly does not feel its ads are effective. amazon's top offer of the day may be jobs. the online retailer has added 20,000 new employees in the past year. a 73% increase. amazon may be in good position for future opportunities. t-mobile is cutting 900 more jobs after its sale to at&t fell through. it is beefing up its business sales effort. a new blackberry phone cannot come -- new black. the phone sales cannot come soon enough for the company. they plan to introduce a new one at the end of the year. -- a new blackberry. >> we had some good rainfall over the past couple days. two inches south of 95, dale city fredericksburg as well. >> we needed that. >> if we did and now we have a slight chance of late-day and showers later today. we have a rain chances today, few and far between. we will see more comfortable air moving into town, less humidity over the next couple days. look at this rooftop camera. in the center of your screen we have the crescent moon at 18% elimination at

the gm thing, i continue to believe really hurt facebook a little bit. we'll talk more about that. >>> i want to give you an update on patriot coal. stock down 34%. was down 47% earlier today. the company coming out and reiterating what it said earlier this month, that it has a commitment for a revolving credit line of $625 million. the exact first line of the release reads like this. earlier this month patriot coal announced it entered into a commitment for a new revolving credit facility and new loan term facility for a total of $625 million from a variety of banks and that they continue to work with said banks about the optimal financing package. this stock down just under 90%, mandy, over the past 12 months. we know patriot coal said itself one of its biggest customers was nearing default. the stock has resumed trading. i think people realize this is something the company has already announced earlier this month. whenever you have a headline and a company down this much and they're talking about financing options, talking about customers going into d

gm second?urse the one we had today, facebook. people making comments about the timing of general motors announcement about pulling its $10 million account with facebook advertising. let's talk to bill griffeth. >> general motors is welcome to advertise on cnbc. we're a very effective advertising vehicle. i digress. jpmorgan lost nearly $30 billion in market cap since the massive trading loss was announced. is it time to buy? are you better off betting on the other stock we used to talk about nonstop? namely apple. we have a debate on apple versus facebook coming up. we'll look at whether facebook's ipo underscores a troubling trend in the economy. and of course we'll watch to see how shares of facebook trade in the final hour of trading when maria and i see you at the top of the hour. see you then. >> we're looking forward to it. you heard the sunshine that a successful ipo can bring. now it's time unfortunately for the pain. it is our disaster du jour. this is a cautionary tale on how becoming

if gm looks at it this way and facebook is not that attractive, what does that mean to us? facebook told you they're having trouble with their mobile platform monetizing that. so maybe going towards that model, maybe gm was right. >> you think they were trying to send a warning note just to be careful, look more at the growth model and numbers. >> i don't know what they were trying to do. there's no coincidence in life. i've got to believe they think through these decisions clearly. the fact it happened within 24 to 48 hours of facebook ipo to me if nothing else is interesting. >> is there real fundamental consternation about the outlook of this company? >> well, we reserve individual for clients, but let's take a look back and see how much excitement was derived from that and how people have come back to equities. i think we need to focus on that. to some degree on a near-term basis we're getting lost in some of this nush ya. look at some of these hot tech deals that came in the '90s see how the performance was six and 12 months after that. maybe a better picture of histor

kind of my view of the borld is, i'm here to be part of the gm team.nd we're trying to do the best we can for the taxpayers of america. >> speaking of america and its competitiveness, you spoke at columbia and you talked about the dysfunction in washington. >> yes. >> what did you mean and what can be done? >> well, think about it. every day you hear, i hear about the debt crisis in europe. to give you an idea the debt to gdp for eurozone is 4% this year. it will be roughly 8% in america. last year, last summer, there were people that were willing to trip and have america default. to me, with 236 years of history in this country, we've had a civil war. we've had world wars. we've had depressions. we've had the vietnam war, korean war and never did we come close to defaulting on our debt. we're not a banana republic. we're the united states of america. and i just think our political leadership, both sides, have to find common ground to solve the issues that confront this nation. and right now, there just seems to be too much discussion and not enough ac

gm and viacom reporting earnings. gm coming out a few moments ago looking at the beat and what was expected on wall street. meantime, retailers reporting april sales today. sales expected to slow mostly due to easter falling earlier this year, which pushed a lot of the holiday sales into march. some stores may try to blame the weather with colder temperatures covering much of the country last month versus mild weather in march. and finally, spirit airlines raising fees again. stouing a bag in the overhead bin may soon cost $100. more than for the flight themselves on spirit. spirit charging $45 for a carry-on bag. but as of november, people who wait to pay the fee until they reach their gate, they're going to have to fork over a c-note. the fee going up from $40 to $50. and if you check those bags in online, it'll be $5. anything you can fit under your seat, that's free. spirit is one of the two airlines that charges for carry-on bags. back to you. >> that's comforting. still free under the seats, wouldn't you say? >>

but gm pulling its ads from the social network saying they don't work. this is a new poll from associated press and cnbc reveals more than 80% of people say they rarely click on ads. this seems to me, geoff, like it strikes at the core of the facebook model. how could you valued that high if nobody is looking at the advertising? >> the timing is delicious. i don't think it will remove the momentum from those who want to participate in this ipo. and you can clearly see from the repricing and expanded size that people are very committed to facebook. but wake-up call, gm pulling $10 million off the table for advertising for facebook? i think you need to have a think-again about just how effective facebook is compared to google when you want to get out and speak to the market. back to you, willie. >> geoff cutmore, covering a lot of ground, thank you so much. >>> still ahead here on "way too early," meltdowns across the big leagues yesterday as home plate umpires goes noez to nose with millionaire managers. those dustups and a night in the nba and nhl playof