i called kleiner perkins. they sent me a statement that reads in part the firm regrets the situation is being litigated publicly and had hoped the two parties could have reached resolution were particularly given pao's seven year history with the firm. this is a big deal. silicon valley very subconsci s subconsciously views itself as a discrimination free. it's going to spark a lot of conversations here, sue. >> i'm sure it will, jon. thank you very much. >>> switching gears here, no pun intended, we have heard a lot about gains for u.s. car makers in the last few months. now the foreign guys are taking the gas out of their gas tank. that's coming up next on "power lunch." >>> also ahead, rocket time. it's the start of a new era. that's all straight ahead. >>> before the break, some five big movers today. urban outfitters up 8%. gen worth financial up 5%. frontier communications, jpmorgan chase up. on my journey across america, i found new ways to tell people about saving money. this is bobby. say hello bobby.

she says her claims were not supported by kleiner-perkins management but were mocked. she also says kleiner left women out of top level meetings. she is suing for harassment and discrimination. when reached for comment, a spokeswoman called the lawsuit without merit and says kleiner defend itself. >>> day three of facebook as a public company and it's yet to turn around. shares of the social network fell 9% today to settle at $31 each. and now for the launch heard around the world. a private company boldly going where nasa has gone before and now the spacex with its silicon valley pedigree has taken off, where will it go next? a banner day for the space program and the tech industry as spacex becomes the first private company to send a spaceship to the international space station led by elon musk, leader of both spacex and tesla motors who calls the launch step one. >> i think space exploration and there's a much bigger role for commercial company. >> hats off to elon and spacex. i'm delight that had they succeeded. >> reporter: also celebrating an astronomer at mountai

ray lane is a senior partner at kleiner perkins, the venture capital firm that helped start google ande's investing in three electric car start-ups. >> when i first started talking about the possibility of investing in automobiles, my partners thought i was crazy. we're not out of the woods yet. i haven't proven i'm not crazy yet. [ticking] >> coming up... bob lutz on the chevy volt. so a lot about general motors' reputation and image is riding on this. >> that is probably an understatement. >> that's ahead when 60 minutes on cnbc returns. [ticking] with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! put it on my spark card! [ high-pitched ] nice doin' business with you! [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? test

ray lane is a senior partner at kleiner perkins, the venture capital firm that helped start google andow he's investing in three electric car start-ups. >> when i first started talking about the possibility of investing in automobiles, my partners thought i was crazy. we're not out of the woods yet. i haven't proven i'm not crazy yet. [ticking] >> coming up... bob lutz on the chevy volt. so a lot about general motors' reputation and image is riding on this. >> that is probably an understatement. >> that's ahead when 60 minutes on cnbc returns. [ticking] last season was the gulf's best tourism season in years. in florida we had more sun tans... in alabama we had more beautiful blooms... in mississippi we had more good times... in louisiana we had more fun on the water. last season we broke all kinds of records down here on the gulf. more people more good times. this year we're out to do even better... and now's a great time to start. the sun's out and the beaches are even more relaxing. you can go deep sea fishing or enjoy our world-class restaurants... our hotels and rentals have speci

in its first public statement about the matter kleiner perkins' manager said, in the end, facts, ununfoundedmine the outcome of the suit filed against us. we will vigorously defend our reputation and are confident we will prevail. >>> other news, we get the big jobs number tomorrow. but today we've got a sneak peek as the company that handles payroll processing said america appears to have added 133,000 jobs in the month of may. once again, a less than stellar number. and san francisco based wells fargo will spend more than $420 million to settle a predatory lending suit brought by the city of memphis. the allegations is wells fargo would write mortgages, get the fee, then sell the loan papers to someone else to avoid the risk of the loan. this is something the bank absolutely denies, but it is paying out the settlement. back to you. >> thank you very much. >>> christina loren checking the warm forecast on this thursday. good morning. >> good morning. yeah. yesterday, the highest we reached was 87 degrees. that was walnut creek, even pleasanton hitting the upper 80s. look at all the 90s on t

didn't kleiner perkins withdraw their share allocation because they thought it was too low? this ipo is going too low, and they were right. we see the opposite with facebook. we see inside investors increasing their sale amount, the overallotment percentage. it seems very, very different. google was very, very special in the sense it kept stiffing wall street and then it was straight up from there. >> i remember sam zell with that move he made in 2007 -- >> equity. >> he said i didn't know what it was worth. he said they came to me answered saw this number and i never thought in my lifetime i'd see a number like that. some of these guys that got in early on facebook and it didn't seem that early for the russian guy. but they say $118 billion and they say sold. they say i don't know what happens here but that's a good price to start with. >> you've never had an ipo where, you know, half the world or half the internet connected world already belongs to and uses to some extent. i mean that, is unprecedented. >> they're saying we don't know -- maybe we're not gm, the story they