good to have you on, julia.come, we'll hear from bank of england member david miles who gives us his take on stimulus and growth. >> where monetary policy needs to be right now is to maintain a very expansionist stance to try to boost demand as quickly as possible. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. >>> to get you up to speed on the global markets, jackie has the futures. >> ross, let's see how we're set for trade on wall street. it does look like a slightly higher open this morning. of course after a down day yesterday and i do want to highlights the components on the dow dragging us down, chevron, hpq, but as of this morning we could see the dow open up by 31 points, the nasdaq up by ten. ross, over to you. >> thanks for that, jackie. also, the eu commission olli rehn holding a press conference. they may contract 3% this year. let's list

. ♪ julia hutton is enjoying the great outdoors.alking to customers and selling her motorcycle gear at events and festivals all across the country. >> we've got all kinds. >> just three years ago she was stuck in a failing brick and mortar store. >> we would literally have days where nobody would walk in the store because there wasn't foot traffic. >> bored with retirement, julia decided to open her dream store. biker babes and beyond. in cottonwood, arizona. on a road frequented by motorcycle enthusiasts. she soon found the store was in a fluctuating state of feast or famine. the weather and an uncertain economy made the overhead associated with the store an anchor around her neck. >> we were there for about 2 1/2 years. and it was a lot of fun. i mean, i really enjoyed it, i loved the people who came in, i liked their response to the store. but still, i was missing so much. >> when it became clear that the store wasn't profitable enough to stay open, julia came up with a clever solution to her fluctuating foot traffic. she decided

julia sticks around. jackie?p on the show, ross, we're still going to be looking at facebook's ipo generating a ton of buzz from wall street to main street. our next guest says there's several reasons it will be irrelevant in the long run. is the ipo too overhyped? >>> european stocks pretty flat today. we've gone through the corporate news. a big difference in the corporate news. on the bond markets, a successful french auction just to bring a note thousand a short while ago that yield on the ten year was below 3% i think since before last summer effectively. so my producer says since december. they just shouted it across. old communication works best, jackie, just shout it across the newsroom. >> well, we do that here as well, ross, and it is a the lot of fun, of course. some of that mixed sentiment you are seeing in europe right now is trickling over to us as well. the futures look to be slightly turning around right now. the markets were to open now the dow would be under the flat line. the s&p 500 just over

julia gillard remains in power but the australian prime minister must now restore unity within her own party. >>> first up, though, european stock markets have been open for a touch over an hour now. it's not get off to the best week so far. it wasn't much different in asia where the trend was overwhelmingly a downward one. let's go over to andrew. zblf that's right, nina. our top story today, the world bank plus a chinese think tank issuing a stern warning to the chinese government. in a report entitled china 2030, the two institutions say china has to move to a freer, more commercially driven economy if it wants to sustain its rapid growth path. estimates suggest that state-owned enterprises, the soes like an oil giant, account for some 40% of china's total economic output, total gdp. the new report recommends an overhaul of the powerful state-owned companies, turning them into commercial enterprises. growth is largely govern driven. it calls for greateren innovation and greater competition. china's economy is the world's second biggest and growing at a rate of 10% a year and it's be

rightly or wrongly, julia has lost the trust of the australian people, and starting on monday i want to start restoring that trust. >> kevin rudd. in response, australian prime minister julia gillard told a news conference that a leader should be chosen on strength of character. >> the choice the nation faces and my parliamentary colleagues face on monday is a choice as to who has got the character, the temperament, the strength to deliver on behalf of the australian people. this is not celebrity big brother. it is about working out who can lead the nation, who has got the ability to get things done. >> australia's princeton julia gillard. staying in australia, a fourth in quest into the death of a baby girl who disappeared in the australian outback more than 30 years ago. the girl's mother, lindy chamberlain-creighton, insist that the baby was taken by a dingo. she was convicted of the child's murderer in 1982 but freed four years later when the baby's jacket was found near a dingo's ir businessmen will be extradited to the ninth states for conspiring to sell missile parts to iran.

julia gillard is the favorite. maybe it is the size of kevin rudd's defeat that will be more important. it could leave of italian politics even more uncertain. -- australian politics even more uncertain. >> the syrian government is again facing internal condemnation. it is another date. the city of homs has come under assault. recall the and -- marie colvin and remi ochlik were killed when they were shelled by government forces. >> today's shelling of homs was indiscriminate. it has been like this every day for almost three weeks. syria's regime is trying to crush the resolution. the opposition is running out. houses have been reduced to rubble. this was the base of the few foreign journalists here. among them, marie colvin, one of the most respected war correspondents of her generation. speaking to the bbc yesterday, she described an attack on the city and the hungry civilians. >> it is absolutely sickening. shelling started at 6:30 in the morning. i counted 14 shells hitting civilian areas within 30 seconds. ther

i think julia gillard is the favorite. but it depends on the size of her victory and more importantly the size of kevin rudd's loss. if he is totally decimated to get the handful of votes, well then it's curtain for him and back to the back benches but if he gets in the 30's or 40's number of votes from his back bench m.p. supporters, then that's a different matter. he could still go back to the back benches but from there he could continue the sniping and still try to undermine julia gillard. this is all about kevin rudd and the future of the labor party, the future of australia. so it's important that as for the numbers we won't know until mid morning on monday. >> that was duncan kennedy in sydney. the syrian government is facing international condemn nation. >> it is because for yet another day the syrian city of homs has come under sustained assault and this time two western journalists were among the victims. american-born marie colvin, a veteran war correspondent, and also the french photo journalist, remi ochlik. t

. >>> julia hutton is enjoying the great outdoors, selling her motorcycle gear at events across the country. but three years ago she was stuck in a failing brick and motor store, depressed and wondering what she could do to fix her business. >> we literally had days when nobody would walk in the store because there was no foot traffic. board with retirement, she decided to open her dream store in cottonwood, arizona. she soon found the store was in a fluctuating state of feast or famine. the weather and an uncertain economy made the over head associated with the store an anchor around her neck. >> we were there for 2 1/2 years. it was a lot of fun. i really enjoyed it. i loved the people that came in and loved their response to the store, but still i was missing so much. >> when it became clear the store was not profitable enough to stay open, julia came up with a solution to her fluctuating foot traffic, she decided she would bring the store to her customers. >> i said okay, with this kind of over head, we need to close the store and get mobile. i thought wouldn't it be wonderful if we had

julia gillard winning the leadership ballot.n fact, they were the ones that pulled this market lower. new zealand 50 down 0.5%. sensex up 0.28%. some caution in this particular market as traders are are worried about state election results. so overall, a softer session, a lot of caution in the markets today for a monday. ross, what are european bourses looking like? >> slim gains last week that have been swamped by the loss this is morning. we're down a percent. the yen has just come off multimonth lows against the dollar and the euro. y euro/yen is where we stand at the moment. we have gotten to the high of 109 earlier. dollar/yen coming off nine-month highs. 80.42 is where we stand. euro/dollar has just slipped down from those 1.3480 highs. as far as the bupd markets, steady 1.8%. ten-year. more qe coming. they have fallen back down. yields below 2%. keep your eyes on the oil markets. a lot relates to the oil price. here we have seen profit taking up to $125 a barrel. brent down. nymex off a little bit. we still have a 108 han

let's go to julia.ot think, as i understand it, as a matter of fact none of you think this is a good idea. you think google may be spreading itself too thin. >> absolutely. people associate google with software, not with hardware. obviously google's move into the phone business has been successful because it's providing the android software for these devices. i think it would be a little weird for google to be manufacturing its own products. obviously we have to say we don't know exactly what google's doing. these are all only reports so far. but the idea of google making its own boxes, making its own devices, seem a little weird. but i think what google's really going for here is not just music. this is obviously about the battle for your living room and the battle to deliver video content throughout the house. >> jon fortt, are you with us now? >> no. >> let's go to john carney. what's your take? >> i think julia has a good point. it's not a device manufacturer. they have no experience doing this. and

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let's bring in our own julia boorstin. what more do we know about this, julia?y, news of her death did reignite music interests. 42 of whitney houston songs were in the top 200 on itunes. and on amazon her albums now looks like they're in half of the top 20 spots. the greatest hits album could sell over 50,000 copies just in the day and a half after news of her death came out, which would put it in the billboard top ten. now, they call this phenomenon a death bounce. we saw it after amy winehouse died last year. and of course michael jackson's music saw a huge bounce after his death. in the u.s. alone, thriller, the thriller album, sold a million copies. and in the 12 months after his death, the michael jackson estate made $279 million. so it just shows that even though she's gone, she will not be forgotten. >> is her movie out this summer? what's going to happen with that? >> the movie is called "sparkle." she's co-starring in the movie with jordan sparks, who is a young star from american "amer." sony should benefit from this because there's so much attention

so from what julia outlined, simon, miles to go before we sleep. there are a lot of hurdles left. >> totally. there are some big issues to hammer out in brussels tonight. and then you've got to take it back to the greek people in advance of the election will they vote it through parliament to the satisfaction of everybody that they release the cash. this is the beginning of a new chapter in the process. it's not solved. >> are you optimistic though? we're inching towards perhaps a resolution of this or not? >> the market assumes -- and that's what really matters. >> exactly. >> the market assumes we will get the payment from the rest of europe on march 20th and there will not be a disorderly defalt. after that all bets are off. for the moment -- that's why the market hasn't moved a huge amount today. but we could get upset. if that meeting breaks up badly in brussels, we could really have some trouble. >> all right. thank you, simon. >> let's move on. pepsi losing its fizz with investors right now. the company beat profit estimates, but it's loweri

that is so emma and julia. why are you saying, "that's so emma and julia"?ell, you know, when something is dumb or stupid, you say, "that's so emma and julia." who says that? everyone. announcer: imagine if who you are were used as an insult.

there had been speculation that rudd was trying to challenge julia gillard for leadership amid reports she was getting ready to sack him. that's it for headlines. i'm zain verjee, and world business today starts now. >>> good morning from cnn london. i'm charles hobson. >> and good afternoon from cnn hong kong. i'm pauline chu. this is "world business today." here are the top stories we're following. >>> greece gets its bailout, but now comes the hard part. lawmakers have just days to deliver on promised reforms that are already running into determined opposition. >>> and a chinese company is trying to stop shipments of apple's ipad into and out of china. pro view says the ipad trademark belongs to them. the world stock markets have had more than 24 hours to absorb a greek debt deal. we've seen a pretty muted response to a supposed resolution. most stock market benchmarks here in the asia pacific region rose this wednesday but not decisively, and investors in europe are currently showing some caution as well. charles? >> caution is right. now, the greek finance minister evangelos veniz

julia is in athens.d joins us for more. julia, there's been sort of three different sets of negotiations going on here. there's the political negotiations in terms of accepting extra austerity packages. there's the psi negotiations and then, of course, most importantly, the debate, the negotiations between the imf and the ecb. the imf saying to the ecb, you've got to take a hit on your holdings of greek debt. do we now think that is likely to happen? >> well, according to this "wall street journal" article yesterday and sources close to the negotiations, it looks to be the case the ecb is now looking to make some concessions on their greek debt holdings. interesting point there, too, that it doesn't look like the eurozone national bank will have to make a write-down. it is just the ecb that we're looking at here. and it did impress the point that the ecb wouldn't take a loss on that. we're going to talk a little bit more on that, too. michael is here with us. thanks for being here, michael. >> thank you.

that is so emma and julia. why are you saying, "that's so emma and julia"? well, you know, when something is dumb or stupid, you say, "that's so emma and julia." who says that? everyone. announcer: imagine if who you are were used as an insult. >> so it's a tremendous honor to be here today. we've got a tremendous program for you. this is our annual black history month kickoff. it was started many, many years ago. dr. carter g. woodson had participated in the founding of black history month. he was involved in the group known as the oh, -- association for the study of african-american life and history. the local chapter of that group is what is now known as the african-american cultural and historical society. so it's an honor. we've been doing this for many, many years and it's great to see so many faces out here today. right now what i'd like to do is thank our partners and acknowledge them for their participateation. the san francisco public library much the california cultural arts program and we couldn't do it without the good folks in the mayor's offic

final comment julia boorstein? >> yeah.t to point out the ad revenue growth is slowing between 2009 and 2010. between 2010 and 2011 it only grew 69%. one thing investors will look at is how engaged users are. there were 4 l 3 million daily users. that is huge. to show that people are

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our julia is in athens with the latest on that. julia. >> reporter: thanks, sue. the greek media here are calling this meeting the most crucial in the nation's history. it began around 5:00 p.m. when coalition leaders and the prime minister began discussions on the vital reforms. vital at least to get a sign-off on this bailout deal. a close source to the meetings tells me that the new democracy leader and possibly the next leader of this country, according to the polls, may have demanded a date for the elections in order to sign-off on this deal. i'm also hearing that cuts that aren't included in this agreement today or whenever we get this deal agreed will still be up for discussion later in the year around june, quite possibly. now, in the last hour the group said they will meet tomorrow to discuss, the question is does this mean we're approaching a solution on this reform deal? or is it just yet more pressure from europe? now, of course, we've also spent a lot of time today talking about the possible participation of the ecb in the debt writedowns. interesting

rightly or wrongly, julia has lost the trust of the australian people, and starting on monday, i want to start restoring that trust. >> well, in response, julia gillard herself told a news conference that the choice of leader should be based on strength of character. >> the choice that the nation faces and my parliamentary colleagues face on monday is a choice as to who has got the character, the temperament, the strength to deliver on the -- to deliver on half of the australian people. it is about working out who can lead the nation, who has got the ability to get things done. >> russell is here. we're having a look at the tennis from dubai. a lot of attention on wozniacki again. >> yeah, she's shaping up. >> yes, now that she's lost the world number one ranking during the australian open, victoria azarenka went to the top of the rankings there. wozniacki is down to number four. but operation return to top spot has begun. she's in dubai at the moment, and she's been involved in a quarterfinal with another former number one, ana ivan vick, which she has won, 6-3, -5, so she's through

julia was lucky to have great genes. but what we have to remember, when you talk about alarmist, the facts are alarming. >> well, is the science -- is the science inclusive? >> the science is conclusive and it's been that way for 20-30 year. we need to cut back on salt, on saturated fat from cheese and meat, cut back on refined sugars and eat a lot more fruits and vegetables and whole grains. >> do you think eating a proper diet can make you healthier or a less healthy diet can make you less healthier. >> absolutely, we have an epidemic not only obesity. >> you think by certain eating you can cure existing ailments. >> absolutely. >> like what? >> like heart disease, like hypertension, those are -- >> cholesterol? >> that's right. those are major, major health problems. cardiovascular disease, heart attack and stroke kills 650,000 americans a year. much of that, you can't prevent it, everybody's going to die but you can postpone it by eating a diet that's low in saturated fats -- >> but, you know, you have to take rabos,

guys, back to you. >> julia, thank you very much. >>> forget occupy wall street. there's a different kind of crowd taking over lower manhattan today. a giants homecoming for the super bowl champs. as many as 1 million fans turning out for big blue's ticker-tape parade, it's a victory parade as eli manning and company headed up the canyon of heroes. it was followed by a ceremony at the city hall. the parade is expected to have a positive economic impact of up to $38 million for the city of new york. they're crossing to river for an afternoon pep rally at the giants' stadium in new jersey. >> that is going to be quite an afternoon. governor christie will be there for that. >>> straight ahead, almost 60% of the s&p 500 have reported their earnings. more than half beat estimates. that's not bad. not great, though. can this kind of profit picture support a rally? the chief equity strategist, one of our favorites, at ubs is going to weigh in. >>> here's the action in the s&p sectors today. most of it solidly in the green. the exception, the industrials, which are down a

. >> julia has lost the trust of the australian people and starting on monday i want to start restoring that trust. >> reporter: kevin rudd says he wants to finish the job he was elect today do in 2007. without him, he says, labor is doomed. >> if we're honest to ourselves, all indications are that we're heading for the rocks at the next election. >> reporter: he flew in this morning still teasing about whether he would challenge at all. after barricading himself at home with his wife and key advisors, he emerged to declare he alone can defeat tony abbott, the most negative political force we have ever seen. >> beating mr. abbott is vital and beating mr. abbott is achievable. he's entirely beatable. >> reporter: the prime minister was among community workers who recently gained a major pay increase under the fair work process. >> isn't that fabulous? >> reporter: kevin rudd has called for people power, for voters to urge their labor people to back them. she dismissed that with barely concealed contempt. >> this is not an episode of celebrity big brother, this is about who should be prim

playing julia -- >> "julie & julia." >> thank you.roducer andy in our ear can list every oscar winner or every best picture winner for the last 30 years. >> knows them all, from the latest to the first. >> "the help" could be an interesting rait race to see whether it's "the help" or "the artist" or one of the other great films. we have to get out and see all those more. why don't i see all these movies? >> you need a day off. >> exactly! that's exactly what i need. >> meanwhile, you need to work. >> i need a day off later, i need to work now. yes, sunshine is out there. how is it going to be later today? what about the rest of the week? the forecast is ah [ male announcer ] are you paying more and more for cable and enjoying it less and less? stop paying for second best. upgrade to verizon fios and get tv, internet and phone for an incredible price: just $89.99 a month for two years with a two-year agreement. it's an amazing deal, but it's for a limited time only. so don't wait. want to save even more call right now and we'll add a s

actually julia. looking through the zuckerberg letter in the filing, it's also interesting how he makes clear that he believes that facebook makes it easier for people to discover new products and services. that there is a marketing message that facebook is a tool for marketers to use in order to spread the good word about their own products. >> yeah. and the quote that i like here is he says we hope to improve how people connect to businesses and the dmi. to set up free facebook pages and offers them the opportunity to market and drive people to those pages. so there is -- you know, it's supposed to be an open communication between people and brands and to allow people to connect to the brands that they can. which should make the communication and the advertising more effective. >> thanks a lot for that report. just to touch on what kayla had mentioned before just to remind you all in october of 2007, microsoft took a $240 million equity stake in facebook. at that time they were valued south of $20

julia boorstin has a fun look at how people are watching the game this weekend.arren rovell is soaking up all the excitement in indy. julia, why don't you kick it off for us. >> well, what's really different this year, mandy, is that people are watching both on the big screen and the small screen. now, they're not making a decision to watch either on their laptops or smartphones or on tv. these two screens are working together. about 60% of mobile users plan to use their phones during sunday's big game creating a multi-platform ad bonanza. for the first time nbc is streaming the actual game itself with different ads from tv. it's targeting core fans also watching on tv and who want extra angles and info. mobile app, sha sam, you may know for identifying songs is working with half of this year's bull advertisers including toyota and pepsi. viewers can tag ads using the sha zam app. marketers this year really want to engage customers throughout the game. not just during their 30-second spot. coke's facebook page will feature those famous polar bears reacting to the

julia will joy us later. it is two out of three shows in a row, christine, where we are starting with corporate news and other stuff besides the debt crisis. >> why, ross, are you sick of talking about greece or the eurozone? >> i wouldn't put it quite like that. i just think it is noticeable when we can start a program without having to talk about it. >> it's nice. it's nice. it's nice for a change. i totally agree. i totally agree. markets here are still waiting for some sort of a greek deal to happen and keeping it very cautious. the shanghai market is down 1.7%. a bit of profit taking going on in this particular market, hopes for a cut in reserve pulling some of the financial stocks lower. the weakness over in china pulling over putting pressure on the hong kong market, finishing to the negleative side down ten points. the nae kay 225 earnings continue to be focused. 0.1% lower. toyota after the bell releasing earnings. a record annual earnings so that seems to be quite a move away from the other automake

julia is in athens.e in europe the markets are staging a relief rally, certainly no cheering on 0 the ground. >> reporter: well, the situation is that we've moved on but there's obviously a number of factors still of concern. the first being that we have to get the two leaders here, the two remaining lead eers, to sig off on this deal and agree that no matter what happens in the elections they will continue to implement these reforms and an additional vote to address how they're going to implement their reforms so that is another kind of risk on the horizon we need to be aware of. in addition what we have to look at beyond these elections is maybe what the polls are telling us and they're saying they're too far left and the communist party here now contributing over 50% of the votes here which can mean in an election if these polls are right we see a very different co-lags in the future to what we currently have now and that could be a key problem for the implementation of these reforms and this entire b

julia cannot have more children so they want to adopt.ca, your character seems torn with the one child you have been away from her daughter and intent on transcending be bravernman name. >> from the very beginning, because we are going on three years, the interesting thing about julia is that she was comfortable in the work environment by becoming aware that she was not the greatest mother. she wanted to do something about it and be there for her daughter. i think she has come a long way, actually. so much so that she has embraced motherhood so much she wants to have a bigger family. it is pretty cool and their hearts are in the right place. >> it is nice to see that dynamic. with any stay at home parent, your character does not craig adult interaction. -- craven into adult interaction. avoid become too much? >> it does a little bit. what is great is stay at home dads are portrayed as mr. imam who is in attendee is pretty good being a stay at home dad. he is also protective of his family in trying to get this new child. he is worried that

back to you. >> julia, thank you very much. >> get out of the bad weather, julia. >> yeah. >> straight ahead as we continue on "power lunch," the dow and s&p at their best levels since spring of 2008. the nasdaq, it's best level in more than a decade. how do you play the bull right now? stick around for some picks. >> and let's take a look at where some of the other averages we track stand right now. new york stock exchange composite down about .3%. utilities higher by about .1%. and the russell down about .5%. >>> apple a bright spot in the markets today. shares, new all-time highs yet again. what a run the stock has had over the past five years. up 540%. up another 1.5% today. the tech giant now part of an exclusive club, that is companies whose market values have hit or topped $500 billion, half a trillion. courtney reagan, courtney half a trillion reagan. >> quite a number. unbelievable stuff. within the last 20 hours apple tops the $500 billion mark for market value. only five other companies have ever hit $500 billion, microsoft, intel, cisco, ge and exxon mobil. all five have lo

maria mondnado, forrest gray, ca sandra sweet, julia gray, james taylor, chris binger, christina, azugga, sarah gadi -- i'm sorry. this is different. ok. and -- ok, i'm sorry. the people i just called, you got two minutes each. go ahead. >> thank you. hi, good evening, my name is maria maldnado. i'm here to ask the disund work work -- school board to help with waivers for children. i've spoken to many parents about this issue and we're all looking to do what's best for our children. some of these parents have already decided to keep their kids in preschool another year but others know their kid is ready for kindergarten. my daughter's birthday is november 2. you can't tell me that someone born 12 hours ahead of her is ready for kindergarten and she's not. it's obvious that the date of birth doesn't translate into readiness. my daughter would be eligible for kindergarten this year if she were a year older. she's currently in play-based preschool. she's excited to learn but she's outgrown her current program and because the district is not offering t-k as was originally promised, i'm searc

. >> jimmy: number five, julia! ♪ julia ♪ bucket number five. looks like a light bucket.rs and applause ] that is -- that is not the $100. that is cheese whiz, or cheese sauce. [ laughter ] cheese sauce. oh, man. all right. contestant number two. [ drumroll ] [ cheers ] nine? >> nine. >> jimmy: number nine, anna! ♪ anna anna's got the bucket. there you go. give him that $100! [ drumroll ] [ sad tuba ] [ cheers and applause ] >> what was that? what was that? >> jimmy: that was -- that was gatorade. that was gatorade. >> tastes good. >> jimmy: yeah, it tastes good. yeah, there you go. [ laughter ] all right, here you go, buddy. the odds are getting better. [ drumroll ] [ audience yelling ] >> i'm going to go with four this time. >> jimmy: number four, nicole k.! ♪ nicole k dump that $100 on his head! [ drumroll ] [ audience ohs ] [ sad tuba ] thank you very much, nicole. he had best leave the goggles on, probably. yeah, i'd just probably leave them on. >> yeah. >> jimmy: they're useless now, yeah. >> yeah, it smells good. >> jimmy: yeah. you got a good mix. that was buffalo

julia and our other board relently pounded away month after month. i was in pakistan of december of 2006 and there was a new editor on the book and they said they decided to change the title to one man's mission to promote peace. the hard cover didn't do that well. sold 20,000 copies. while the paper back came out on january 30th of this year and since out it's been on the new york times best seller selling over 700,000 copies now. and it's one man's mission to promote peace. and they're still baffleed manhattan because they're scratching their heads the first month because there's only - well no big city book editor did it so to be a best seller you need new york times or the chronicle or boston globes to give you good book reviews. no national t.v. or, m pr so paul said what's going on out there. i said, you know this is what i think it's about book clubs and women's groups, synagogues, mosques and churches and an incredible amount of book clubs here in the bay view area and about people yearning for piece and looking for the answers of peace. any

thank you. >> hi, my name is julia gray and i'm hear regarding transitional kindergarten. i closely followed the state legislature's passage of the kindergarten readiness act, in support of the changes introduced to ensure more children enter kindergarten prepared to learn and succeed. the preparedness was to come from both holding back younger kids and giving those younger kids an opportunity to get prepared. taking only the birthday change part of this legislation and ignoring the other part, transitional kindergarten, does not achieve what this law was intended to accomplish. in fact, itforcing almost 6-yeax go to kindergarten. my daughter attended a full-time pre-kindergarten program for over a year while her father and i work full time. according to her teachers, she already demonstrates the mental, physical, and emotional capacity to perform well in kindergarten. if she had been born a few days earlier she would be admitted into kindergarten, but with the elimination of this, and she would be repeating a curriculum she is already -- she has already mastered. i asked

as early as this afternoon. >> julia, thanks so much. bob is also at facebook headquarters this morning. bob, what are the chances the average joe can get in from the ground floor? >> reporter: well, it should be noted this would be the sixth largest ipo ever, assuming that facebook raises what is suspected to be the $5 billion to $10 billion in cash. typically when you have an ipo as hot and this popular, 90% of those initial shares generally go to institutional investors leaving the 10% for you and me, unless facebook decides to change the rules. there is speculation that the social media giant might do that. that there might be a surprise in today's expected filing. some are wondering if facebook my insert language or some provision that would allow 800 million users to get in on the action on the ground floor when the stock goes public. do you think it would be a good investment? >> oh, yeah. no doubt about this company. >> reporter: do you think it has staying power? >> when you have 700 million, 800 million users, there is a lot of

guys, back to you. >> julia, thank you very much. good job this week there from athens. stocks having their worst day in six weeks as a result of what's been going on over there. the reason the cloud hanging over us as a result of the greek bailout questions. and adding to the pressure, s&p 500 downgraded 34 of the 37 italian banks that it rates. the bottom line is they're going to be a major hurdle for the bulls here in the united states. we have two of those bulls with us right now, ann at wells fargo advantage funds, also joining the conversation is ryan dietrich, at shaffers investment research. you both have been positive on this market. but does the activity in athens and today's sell-off give you pause? maybe do you become a little less bullish right now or buy into this dip? >> what makes me a little bit bullish is just that expectations have risen over the last five weeks. so we expected volatility to continue. we knew that there was still a lot of uncertainty in the marketplace, that we didn't think was all resolved. today we're just seeing another example of t