ipos in the nyse tend to be bigger. let's take a closer look at how the ipo sausage gets made with scott culler, the vice president and head of global listings at the nyse euronext. welcome to "mad money." >> good to be here. >> thank you so much. first, congratulations, you got twitter. pitch to me why you gave twitter and why did twitter pick you? >> i think if the company is focused on quality of the execution around the ipo, associated with the best brands of business and actually access to global leading companies around the world, there is no other choice than the nyse. >> did the facebook botching, do you think played a role in people's minds? >> well, i say quality of the execution around the ipo because this is a lot about transparency, the openness of the process, and it coincides with the mission of twitter, as well. >> okay. now explain to me, last week we had the complainers. saying, jim, bell goes off at 9:30, you didn't seem to know even when it was going to open. why don't you do your job? it's not like

we track one of the fashion world's most sucessful ipos. plus...would you buy twitter stock on day one? you might want to hear our upcoming report before deciding.... and straight ahead...if you thought the housing crisis was over....think again. we'll be right back. ♪ ♪ ♪ ♪ ♪ the housing crisis is far from over for some americans.. joining us now-- to take about the collateral damage-- free lance journalist and author-- laura gottesdiener she's written the book: dream foreclosed: black america and the fight for a place to call home. welcome to our show. > > thank you for having me. > > i know that you have done a lot of research with your book and one of the things that you've found is that african americans were hit hardest by the housing crisis. so why was that? what happened here? > > we saw-- you know just to start from the top-- we saw people of all races, ethnicities, religions, everybody hit really hard from the housing crisis. through my research i uncovered that there were 10 million people in this country evicted by bank pursued

ipo november 4th, 2011.uld have invested $1,000 in shares back at groupon's ipo, one year later, that would have been just $147. that's all you'd have left from your investment after a year. another one we're looking at right here is one we all know, pandora, the internet radio company. a $1,000 investment back in june of 2011, a year later would have just been $615. so you lost there as well. our next candidate is, of course, a big one, facebook. $1,000 investment in its ipo a year later became just $687. so these are all losing value. then there's yelp. take a look. because in march of 2012, at ipo, you put $1,000 in, and it's only worth about $936. and then we'll end on one which is linkedin. may 19th, 2011. that ipo actually made you a little bit of money. $1,051. interestingly enough, if you would have held all of those ipos to today, you'd be making money on all of them except for groupon which reports earnings after the closing bell. but still, mandy, it gives you an idea you don't need to get in on t

that ipo price.ould. remember insiders. 104 companies in that grew. 104 of those companies. while only 20 companies fell at least 5% in their first day of trading. so, so far bill a very robust ipo market. one that twitter could be adding to those performance stats later on this week. back over to you. >> dom, thank you very much. so, small to the downside is what art cashin is telling us. getting all kinds of comments on our blackberry segment. one guy tells me, get over the keyboard. here's one, one of our staff members just sent me something. some company makes a protective device for the iphone that includes a keyboard, a physical keyboard. >> you can do that with the ipad as well. the ipad has that. >> but that's a little large compared to the blackberry. >> that's a great idea. a protective case with a keyboard attached. >> 12 minutes left in the trading session here. the dow is still up ten points right now. >> still to come on "closing bell," the battle between steven cohn's s.a.c. and federa

ipos are not leaders. when the market is doing well, ipos do well. it's more volatile than the market. higher betas. be aware, it goes up and down more. if you want to invest follow the money and the hot sectors. the hot sectors this year, social media, biotech, cloud computing and internet security. those are the ones that are making the money. in the meantime everybody is talking about twitter, of course, and here's where all the action will be. tomorrow morning, that's the twitter post. glen is the specialist, this place will be packed with people. and we're going to have special coverage starting at 9:00, standing right next to all those people right in the heart of the action all throughout the morning. special coverage, expanded coverage, action you've never seen before, only here on cnbc. >> you don't know what action i have seen, bob. i have seen action. >> you, you're on the inside. i'm talking about the viewers. we're going to show them how an ipo book is put together from the very beginning right at 9:00. >> we actually had that discussion

analyze the twitter ipo?ou come away from both of these deals learning? >> i think what i come away with was the market's reaction in general to the ipo. the opening up at 45 and the climb to 50 really kind of shows a lot of faith in twitter. but specifically you have to think it shows a lot of faith in their future earnings -- future earnings. i don't think they'll become profitable until early as 2015, 2017. i think a lot of people are buying into that. whether or not that's a reaction kind of where over the corals, it kind of happened with the bubble -- dot com bubble or not, i think time will only tell. so that's kind of how we feel about that. >> okay. in the moment we have remaining let's ask you what you are buying in your club. steven, you first. >> i definitely like apple with their new release of their new ipads, new i macs. going into the holiday season that's going to be a big purchase. i think they constantly continue to innovate. >> even with the weakness the stock has seen? that made them more

the ipo is at $26.here it opens we'll find out probably in the next hour, we're going to be all over it. we've got bulls and bears on this one and don't worry, we're still covering obamacare. that disaster, well, it's got 16 democrat senators actually attended a secret white house meeting and most of them are up for reelection and they face defending obamacare in their campaigns. tough. the cancer patient who the wall street journal op-ed piece sparked a firestorm the white house called it absurd. speaking of absurd the national joke on obamacare has come to this. >> hey, do you have that obamacare? >> obamacare, what's that? >> what's that? >> oh, it's great. it's great. >> what is it? >> i started signing up last thursday and i'm almost done. . with fidelity's guaraned one-second trade execution, we route your order to up to 75 maet centersrs to look for the best possible price -- mae even better than you expected. it's all part of our goal to execute your trade inn. i'derrick chan of fidelity investm

first to see how the overall ipo window was going. we've had a rush of ipos. can it keep going.to see what other retail and e commerce ipos could be ahead. a lot of people are talking about others on the horizon. if this continues to trade well perhaps we see those ipos coming next. back to you. >> everyone is watching to see if the skids have been greased from twitter. julia, for every zulily there's a shag that opened down. how do you spot the next winning ipo? >> the next big ipos are likely to be companies that raised a ton of funding and need to start repaying their investors. investors should keep an eye on palantir which raised half a billion. there's a company called deem that raised over 440. there's pinterest and square and followed by box. a new study from silicon valley finds investors are ready to cash in. this year's start ups are on track for at that record number of exits. either selling the company or taking it public. the number of ipos is on the rise as well. now 12% of all silicon valley tech exits are ipos. >> julia, thank you very much. we have to go to joh

who can get in on an ipo and who can't? >> the ipos are generally allocated to the most profitable of brokers, whether it is an institution or an individual. if you're not a profitable customer it is very difficult to get in on the most desirable ipos. >> approach, though, if the company goes public and say trades for a day or two, how do you know whether or not it is a good idea to get into something so newly issued? >> you don't. there is a lot of risk with young companies, twitter, for instance, might be very successful. or it might have temporary success like blackberry, and then run into some big problems. with any individual company, especially a young technology company it is very difficult to forecast the future. >> what are the facts with respect to whether ipo's trade typically higher six months, two years, than they do on their opening day or lower? >> on average, ipos do jump up on the first day of trading, although it doesn't happen with all of them. but then once they have started to trade, they're basically n

. >>> and beyond twitter, the search for the next hot tech ipo. i'm ali velshi, and this is "real money." >> this is "real money." you are the most important part of the show. join us on twitter at @aj real money. america's biggest bank makes history by signing off on america's biggest legal settlement ever bin a single entity. jp morgan paid to pay a whooping $13 billion to resolve claims over the sale of toxic securities that helped implode the financial system back in 2008. $8 billion will go to settle claims made by various federal agencies. another $1 billion will go to five states who sued the bank. but here's what may be the most interesting part. $4 billion will go to consumer relief. of that $4 billion, half will go towards actually reducing the principle on jp morgan-held loans where the value of the mortgage is higher than the value of the house. some that have money will be put towards restructuring some mortgages to reduce the homeowner's monthly payments. and out of the remaining $2 billion some will go towards subsidizing new mortga

by facebook's ipo debacle. he totally dodged the question, but he did say they drew on best practices from a range of silicone valley companies. as to weather facebook poses competition to twitter, he said he's not concerned, but he did say they want to have a good accepts of the competitive landscape. we'll have much more from my interview with dick costlo coming up, including his outlook on twitter's potential growth and his strategy for tackling twitter's biggest challenges. guys. >> thank you, julia. before you go, do you have a sense of this question we were talking about before around the table? why is twirt ipo not trending on twitter? what does that mean? >> well, there's been a lot of question about whether twitter's users who were primarily in the u.s., male and under the age of 35 are going to be twitter's investors. that is the big question there. obviously, we had the cnbc atp poll out earlier this week which said in fact those core users may not be interested in investing, but there are plenty of

after the ipo shares shot up some 102%. a stunning move for the company that is interested to organize gasol. i was able to catch up with the ceo asking him what he thought at the exact moment that the stock went public in shot right out. >> it was just unbelievable. i mean, my goodness. thirty-five. it was incredible. our 305th anniversary, so why not 35. what a start. liz: in just a few moments, he will take on the office of charlie gasparino. we will show you come again this office be organized? mine, too. we will be showing you that. surging after research note that boosted revenue and same source -- same-store sales forecast. are things finally -- how many times to have to ask this question about j.c. penney. finally looking better? m not a believer, but the shorts on the stocks getting hammered. >> we have seen a significant pressure. this ceo continues to us about his company, talk about improving sales. some people and not ready to believe him. you know what, i cd believes them. they have seen improvement in five of

seeing more growth in its ipo pipeline.oday, bank of -- made its trading debut in a $550 million float. also, in other ipo news, china's shangwhi international has reportedly hired six banks for a hong kong listing. it bought the u.s. pork producer smith foods for $4.7 billion earlier this year. if successful, the float would be the biggest in the asia pacific region since 2010. a lot of folks will also be on this week's meeting of the chinese leaders, as well, to see whether they relax lawes and allow china's mainland investors to go directly into the hong kong stock exchange. >>> we've been harping on the back of all this ipo news that we've got, is this a sign of market strength or potentially a sign that the stock market is getting top heavy? john brenner tweeted stock tips from the kid who cuts your long will be next then kaboom. alexander tweeted it has never made a profit. value is based upon projections. high risk value. keep your responses coming pup get in touch with us. quick reminder of what's on the agenda in a

tweet this, twitter ups its ipo range. traders weigh in on whether they'd buy the stock when it opens for business. >>> the markets heading into the final stretch of the year looking for more gains. surprisingly, still looking for love. so, why is one of the strongest rallies in recent memory still searching for respect? and what does all it mean to where we go from here? "halftime". pete, where's the love in the rally? >> i think it doesn't really take a lot to find some of the love. i think part of the problem is the fact that the financials really have not participated this in quarter. look over at some of the industrial names, i pick out ge, one of the names that i like. we've seen a lot of option paper in there look at energy names, i'm not talking about the big cap energy that everybody always likes to focus on. i'm looking at some of the mid tier names, shale names, scott. when looking at whiting petroleum, codes yak in dan bury in front of earnings, seeing paper in those, and they've been performing. whiting on a c

this is the longest ipo ever.the new york stock exchange was visa, went public about 10:17 a.m., about 45 minutes after the market opened. this was not until about 10:45, but as everybody on the floor was saying earlier, including the book runners here, we don't care how long it takes, we want to get it open, and get it open right, and trading right, and the whole process while it took longer than people expected, was fairly flawless. bottom line, guys, here, twitter trading in a very, very narrow range. opened at $45.10, now trading at $45.90, and it was an historic day down here. a lot of relief, everything went just right. guys, back to you. >> all right, bob pisani, keeping a close eye on the trade today. >>> right now, by the way, we should mention, as he said, twitter hit $50, but it has weakened a little bit. we're below $46. still a 75% gain from where the trade priced. so should you think about buying? we'll against you the answer when we come back. [ male announcer ] what if a small company became big bu

moth from them. >> i would never buy on ipo. i wait until things settle out and people figure out what it is. once the emotions come out of it, that's the time i look to buy a stock like this. >> reporter: we all know what happened to facebook. shares lost half their value in the first three months of trading, but it's worth noting if you held on to shares of facebook, yelp, pandora and linked in you would currently make money. groupon, on the other hand, is still trying to get back positive. >>> consumer credit rose more than expected in september but the federal reserve says americans cut back on use pg credit cards for the fourth straight month. borrowing for cars and student loans rose by $16 billion, while credit card debt fell $2 billion. consumer spending which accounts for more than 2/3rd s of economic activity grew. >>> fannie mae and freddie back are close to paying back. the biggest providers posted strong earnings in the third quarter as the housing market continues to recover. the gains will enable fannie and freddi

let me close by noting ipos, five of the six ipos pricing today are to the downside only barracuda to the up side. here's where twitter will trade right behind me all the exci excitement starting to build beginning 9:00 tomorrow morning on twitter. >> yes, we will, thank you, bob. >> let's talk about this. we got downtown josh brown with us. wealth management. josh with us the full two ohour. >> i'm sorry in advance. >> he's here to do twitter, weather, traffic. he's doing it all. jordan waxman from hightower who thinks he knows what the priciest neighborhood is in the country. i saw you nodding your head. >> i have a good idea. >> you have a good idea. >> he's not saying. keith fitzgerald from money map press and -- why another rally today up 120 on the dow? what's going on? >> so if you think about just quickly pros and cons, i would say that it's a pro that you could have a dow with a triple digit gain on a day when all stocks you put up that the bears would say are leading the market, a narrow leadership. it's just momentum when, in fact, it's not. you've got new highs in a lot of

ipo at $26 per share. that means the company will raise roughly $1.8 billion in proceeds with an option to raise an additional $270 million more. was more is that the company will now be valued at more than $18 billion, quite a rich valuation for a company that's not yet profitable. in to 16, it's expected to have 1.3 billion in revenue and potentially over on $200 million in edta. that's for a company seven years old, one of the highest growing in silicone valley and one of the most eagerly anticipated of this year to be sure. we'll have more details as we get them, but that's the latest. >> that's kayla with the details. we will bring you an exclusive interview with the twitter ceo in just under an hour. so clearly we want to know today where do you think the twitter stock will close at the end of the day? send us your thoughts, your e-mail, worldwide@cnbc.com, tweet direct to me @rosswestgate or @cnbcwex. >>> now, besides twitter, plenty of focus on central banks today. flagging inflation in europe's pe

scott will be with us, the ipo here. blow by blow destrix. how do you build an ipo? what's it like? how do you figure out what the pricing is? we're going to go back out here. this whole area will be filled with brokers. my best guess now is 10:00 to 10:30. not at $30 but at $40 or above, it could take a little longer. we will see. it will be very exciting and historic. you will see things that you have never seen before. back to you. >> thank you very much. should you buy twitter is the question? the pros don't like twitter for their clients. 100% of financial advisors say they are telling their clients to steer clear of the twitter ipo. steer clear of it. why. >> no surprise there. >> look at face book. we're all fooled on facebook. we thought it would be the next google. the stock lost 30% of its value within a couple of days. 60% in months. so why would they want to recommend this one. >> it could be. you want 500 shares. you put in for a thousand. they put in 200,000 shares. people got filled and creamed. no one is getting anything. the demand is going be great tlchl is no supp

. >> the ceo of cb insights is a firm that tracks ipos. he said 2013 saw a resurgence of tech ipos, and 2014 looks bigger. >> the environment has not been receptive to tech ipos, and many companies were forced to stay private longer figure out their business models, grow. now that the market is more receptive, many will be able to test the waters. >> seamless, a mobile app that allows the ordering of online. the combine company processes 130,000 orders a day for expected revenues of to 200 million. the most valuable ipos will likely be companies like box, a company that focuses on businesses not consumers as a client. it helps businesses and individuals around the world store their files securely, effectively and cheaply. it started with internet billionaire mark cuban. >> box falls into a couple of really sweet spots right now. i think cloud is a hot topic, enterprise is a really hot top topic. >> another enterprise company, modestly claims to solve the hardest problems. using data mining software is helps to lower healthcare costs, fight

is twitter's ipo a top or sell signal? tom taulli and igor gonta will tell us whether the good times will continue to role. so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. we, not having branches let'us give you great rates d service. i'd like that. a new way to bank. a better wo save. ally bank. your money needs an ally. at od, whatever business you're in, that's the business we're in. with premium service like one of the be on-time delivery records and a low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. more than a new interior lighting system. ♪ it is more than a hot stone massage. and more than your favorite scent infused into the cabin. it is a completely new era of innovation. and the higst expression of mercedes-benz. introducin

26% say well above the ipo price. 51%, though, say below the ipo price.relatively unchanged. we will see. ty, you have a six-month bet going. >> i do indeed. not looking so good today, but we'll see in six months' time. >>> this right here is the original twitter home page. it was launched in 2006. today that idea, of course, has turned into billions of dollars. hundreds of millions of users. let's take a look at the stock. up big from $26 a share at the open to something in the mid-40s right now. 46.04, that's a $20 profit right off the bat. that means new billionaires, and that means some of those twitter guys are now eligible to be covered by robert frank. >> they are. you know, it was a $4 billion jackpot just today for these three twitter honchos. i did a little imaginary shopping for them. they all lead humble lives. co-founder ed i wiwilliams, he expected to become a billionaire, of course, but now he's a double billionaire. somewhere in the 200th richest person in the country. i did a little real estate shopping for him and found this mansion in t

since the ipo in july, company's up a healthy 50%, and to give us a feel of the ipo market and discussm austin. cotter, good to have you back. good morning. >> good morning, carl. how are you? >> i'm good. it's nice to talk to somebody not too long after that big day in july, to get their sense of how it went, how it felt, how public life is different from private life. can you talk about that? >> sure. well, i think i knew what i was getting into. i'd been the coo at bankrate for eight years prior to coming here, so i knew what it was like to be a part of a public company. that said, of the 400 employees, i bet only four, five of them had been a part of a public company before, so we had to spend a lot of time talking to them about what it was like being a public company, the dos and don'ts, and the excitement they felt on the day we went public was amazing. we had the bell-ringing here in austin. we had a big celebration. it was really a great day for our company. i think people really enjoyed it. of course, we celebrated and went back to work. >> 31%, almost 32% the first day. how d

the average investor won't be able to get in on a twitter ipo at least not at the ipo price.not necessarily be a bad thing. dominic chu is here to show us how some ipos performed even if you did not get in on the initial price. >> well, brian, i mean if you talk about twitter that's one thing because twitter's ipo has a lot of things going for it but investors use it as well. the three biggest one day pops ever this year on ipos. that's sprouts farmers markets, that's jobs vet and pot belly. one an upscale grosser, one a 3d printer and sandwich maker. they gained 120% from their ipo but most folks don't get that pricep they have to buy on the secondary market in the first day of trading. here's a look at a couple stocks that did well out of the gate and produced hefty gains even if you bought the shares at the end of the first day of trading. check out gw pharmaceuticals that stock up 239s% from its first day ipo close. it's a british company that specialized in making medicines derived from marijuana of all things. let's say you didn't get that 8.90 price, you got $8.98, you

-- are you an ipo buyer? alan: it's just another way to take advantage of those financial markets. if you can control your risk, i'll trade anything. but these two players, so far vernon davis and another guy---i don't follow football that well. but it's a present value of future earnings equation just like bowie bonds. so there is money to be made. ipo's are all the rage right now. but that as a bull has got me a little bit worried. i think people are getting a little bit irrational with their money with all that's happening. and i'm not saying that twitter word. andrew: alan doesn't know anything about football. i can't believe you pulled vernon davis out. that was amazing for me. i would have to see the hidden costs associated with this. there's a lot of marketing costs. so they're gonna take money and they're gonna market vernon davis. you get his potential future growth minus what they spend to market. so there is a lot of hidden costs, so keep an eye on that. i love the concept but i think there's gonna

three months after the ipo, down 41%. facebook, three months after the ipo, down 50%. groupon, down 6, linkedin down 16. yelp down 36. so you have been given a better entry point as a retail investor if you waited. >> yeah, and i think there's no doubt this is a social leader in real content, right? and that there is some value here. in terms of the long-term story. short term? this stock is now trading at 22.3 times priced to revenues. that's next year's revenues. maybe they might beat the revenues, but facebook is trading 11 times priced to revenues, and better visibility on how they'll get to the revenues. by comparison, i'm looking at a facebook versus twitter, and it's not a layup to me. particularly when this company has to grow user growth, which is actually decelerating over the last couple of quartering and engagement growth, as well. so question marks, a great growth story, i wouldn't buy it. >> valuation is the big question. a lot of investors are trying to figure it out right now. how expensive or cheap is twitter? kayla tausche has been crunching the numbe

recent ipos.ally overvalued in revenue. >> you are buying almost solely based upon projections and a bunch of spread sheets which may or may not come to pass. >> advertisers are really really into twitter. the reality is if you talk to anyone anywhere among large advertisers, they are all using twitter or about to. it's not just about the spread sheets. >> google became public. >> it was two years removed. it's another company that is barely profitable. there were people that were worried that msnbc.com and yahoo! were taking search share the week before the google deal. rb yo have you have to think about potential. you could never rely on trailing numbers. >> you don't rely on trailing numbers but it is definitely a good mark. they all had positive cash flows so i don't believe your comps. hold on. we can't totally do it based on that. we have got to look at the future. but to justify this valuation and we have done it you have got to have significant increased revenues for the next many years. i

this is not just san francisco's biggest ipo, it's america's biggest ipo ever. i think honestly if you stop the average person on the street in san francisco and said tell me about the biggest ipo, they'd say facebook, maybe reach back to netskcape. >> all right, scott. thank so much. >>> nasa releasing new findings this morning from its ongoing keplar mission. >> and bob rydell is joining us live where they just announced some results. >> reporter: good morning. one of the missions of the space telescope is to answer that question, is earth this big piece of rock that we all happen to live on? is it unique, or is it possible there are other planets out there in an inhabitable zone just like this one? this morning, scientists who have been analyzing the data collected over the years by the telescope announced today they have discovered more than 800 new planets, 104 of those are in the inhabitable zone. that means they're not too close to their son where they would be to hot and not too far from their son where they would be too cold, just like earth. they're in

of going public.twitter raised its ipo price range. before it was from $17 to $20... now, it's between $23 to $25. it also closed its books a day early. some call the moves "signals of strong investor demand," others see them as calculated to create buzz, not reflect it. i don't think moving it is going to scare anyone away. the impression is that it shows confidence. our fair-value is $26. so it's not over-priced. investors are hoping to make money from advertisers who want access to twitter's 230 million users. already, it's known that about half of adult twitter users get their news on the social media platform. there's a lot of real time information in what you get and what you are into right now is very relevant to advertisers. not since facebook's faceplant, last year has an ipo from silicon valley been this closely anticipated. twitter's launch is considerably smaller, but it has followed a model for success-- build an audience, then monetize it. with the holidays approaching, twitter has successfully shown retailers direct bene

steve, twitter's ipo, the company still isn't profitable. is all this investor exuberance, does it make sense? or is this reminiscent of the dot com bubble? >> i would say it doesn't make sense if you just look at twitter's financial earnings. i mean, i think if you look at their share price, their stock price, how much it rose the first day, i think that had less to do with the fundamentals of twitter as a company than with supply and demand for that stock on the market. twitter has more than 200 million users, billions of people know about it. but the amount of stock they issued was relatively small in comparison. i think there is a little bit of a mismatch on the stock markets and that generated a big price spike. i also don't think that twitter is truly a pets.com. this is a company that has been -- >> let's hope not. >> -- been around for years, it's generating hundreds of millions in revenue, its revenue is growingpy 100% a year. it has a very engaged user audience. it's a real company with real revenues. they're not profitable now bec

lots of demand for this ipo. we'll see how well they did tomorrow. >> the game is underpromise and overdeliver. blackrock has been an investor since january. t.rowe price, a lot of big investors from the early days. you have to imagine goldman sachs has been knocking on their door saying, what do you think the valuation is, what would you buy? they basically engineered this to make it look like the demand was greater than they thought. they were underpromising from the beginning. they knew it was going to be $26. >> do you agree with that? >> i think this afternoon they were talking about $27 to $28. i think they ran into resistance. to carol's point, they want to price is right where there's enough of a pop so everyone's rewarded and no one is embarrassed. the last thing they want to see is a facebook debacle. they've been very keen to stay away from that. >> the last second thing they want to see is the stock go up to $80. that's a misprice on the other side. it's a delicate balance. >> the people look tomorrow

the ipo fizzled. the stock gained basically nothing. >> the october jobs report finally comes friday. it's going to be an ugly one. it's going to be(iz like a bad speed detkter or broken thermometer. we're going to get lousy data because of the government shutdown and be ignoring this one. >> 5:56. coming up, the san francisco sheriff's department under some scrutiny as new details about patient. >> new this morning a south bay fire fitter and explosion at a house. >> students in one junior college on alert after a student is sexually assaulted in the bathroom in the middle of the kay. >> awaiting the sun's arrival. peaking through the fading clouds from the south bay. we'll have a look at the forecast as well, what you should enjoy, when and where. >>> a female student attacked on a south bay college campus. we'll tell you if security will be stepped up to avoid another assault. >> a sudden explosion leaves one south bay firefighter burned in the line of duty. we'll tell you why the cause of this int

call it the ipo hunger game.oing to get a whole lot more exciting this week with twitter's huge offering. are investors heading into dangerous territory? and what should they watch out for? we've got two very smart market watchers and participants coming up next. ♪ ♪ stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare. help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, whe experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. sometimes they just drop in. always obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forwar

if we look at october's ipos we had 28 tech ipos all performed really well. my question always is is is oversubscribed by goldman sacks? will it really perform? they still don't make amy money so it's always a problem we hear the new economy-old economy and i'm sure it will be exciting, and sure it will have a spike up and we'll see where it goes from there. > > thank you for your thoughts today. > > thank you. halloween was a week ago but today investors are hoping there isn't one more trick left in twitter's bag of tweets. the company goes public today--- pricing in last night at $26 a share. our cover story looks at who's in and who's hanging back to see what's being handed out. twitter goes public today at $26 per share--the latest social media site to sell investors on the concept that devices used for social interaction create a built-in audience for ads. i do expect a spike initially. look at potbelly's--it doubled. so i think there's a lot of interest but it's from a company that has yet to turn a profit. ramelli says while ad agency buys of twitter h

you're already doing your ipo. >> b that said, youre getting ipo-level funds. >> absolutely. >> ablutely. viable alternative. >> to going to t open market. >> is this a substitute for ipo or is this something that bridges the gap between angel and venture invesng and ipo? >> you know, ihink it will work in ery single one of thos cases where you don't necessarily have to use angel anymore. you don't necesrily have to use venture capitalists. you can go dirtly to a we have those groups, those groups evolve partiallyecause you have never been able to vertise to let people know you were trying traise money, so they were one of the filters or aonduit or funnel for instors to be ae to find coanies like ours. to use those.t necessarily have we can actually go dire. >> thateing said, how do yo convin people to put their money with you? you're not doing arospectus or all thosehings i assume. what's your pitch? >> w doave a full-blown prate placement memordum withll the appropria disclosures and three years of historical financials and all the thgs you would normay see,ut what we don't have is lik

now, twitter is not the only company to ipo.as we take a look at the markets, there's barracuda networks out of campbell. it was a small ipo last night. their first debut on wall street this morning. here's a list of some of the ipo's we've seen lately. there you have barracuda networks. again, a small ipo. they raised $74 million. twitter, we're still guessing at this point. you get the little tilda indicating the guess. somewhere north of $2 billion. visa out of san francisco, remember, raised $20 billion, and facebook about $16 billion many their ipo. we'll have full coverage of twitter both today and tomorrow as we go through another ipo in the bay area. back to you. >> all right, scott. we know you have your eye on that for us. thank you very much. sdwlirchlg well, the fourth annual bay area reaching for the stars breakfast was held this morning at breakfast benefitting skies the limit, a group helping at risk youth. i have to tell you our friend and colleague raj mathi was there. he was there with ronny lott and brent jone

the private enterprise oriented naaq made a horrible, horrible mistake with that ipo. and it's not like they didn't know how to this. they did. it's not like they didn't know this was a big challenge. they did. and they screwed it up. the only point being, that private enterprise can screw it up. government can screw it up. >> adam, i will take this up with ben stein, because i find you now tiresome. but i will -- i'm kidding. but, ben, i'm only saying here, in the private marketplace there's competition. nasdaq screwed up, so we go to the new york stock exchange. with the government, that's a one-stop shop, and it's a shock and that's what happens because if that screws up, there really is no alternatives. >> well, a few things with all due respect. launching something like obama care is about a trillion times more complicated than an ipo, even of a very, very popular website. >> absolutel how about the practice part of , though? >> well, that was a disastrous mistake. and i think that the point of points, probably the best point i have ever heard on this show, and i'

that was the ipo last night.e looking for an opening range of 40 to 44 and where it does from there we don't know. so lots of people got rich last night. they were fairly ri lly rich to with. bob is out where this bifurcation between poor and rich has a lot of people upset. >> reporter: there's 20 to 30 people here on market street. good morning to you, scott, in san francisco. the banner of sf rising and upset about a couple of things. twitter received too much in tax breaks from the city ranging in the millions. they believe that's taken away from the homeless and they believe by san francisco lowering it's let -- they have been out here since 6:30 a time of the ipo, some of them laying in front of the entrance. you can since -- good morning we're live. what is your message to twitter? >> the message is that they are having a public offering in new york city, what is theirs to the people of san francisco, it's costing san franciscans plenty, we're shouldering the purchased in terms of being evicted from long te

[laughter] they will be the hot ipo with a cold stock or the cold ipo or a hot stock but it looks likee of former. liz: due may talk to the one who brought you to the defense refers to put twitter on the air in 2008. now let's get this straight straight, randy there is a bigger concern with the stock that could be fly by night but when the fed decides to do taper it is now expected just today we have the gdp number better than expected now people are worried but is there a way to protect your portfolio and grow it at the same time ? >> absolutely. what of the things that have driven the market causing the expansion is the of llck of alternatives of the equity market will still be viable. one of the tools we use is a combination of good equity analysis together with options strategies. collect a dividend in early september but it by the stock and then write the covered calls then the plot of the porsche did you did not buy between now and december 21 collect a dividend and the premium on the plot on the call to get interest on the cash it works out to about 4% or if the stock stays the

a lot of curiosity how that ipo is going to go.question will it in hong kong or new york and why? >> i would expect that it's, hong kong is probably going to probably be a little more aggressive trying to court the listing but right now if i had to bet i would bet it would open in new york, excuse me. david: guys, thank you very much. gene and tim, great to have you here. thank you, gentlemen. liz: forget about our cyber monday. today is the biggest online shopping day in the entire wwrld. well, when you factor in china why not? it is so-called single's day. we'll tell you which stocks could benefit from this shopping splurge. ♪ she loves a lot of the same things you do. it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the ment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms obph, like needing to go frequently or urgently. tel