lauren simonetti is here with more. we didn't end on a good note last week. how are the markets looking today? >> pretty bad. the london market is closed today for a bank holiday. perhaps that is a good thing. here in the u.s., the dow is set to open lower by about 70 points. many people will tell you many of the declines are already priced into the market. we've had this european situation although it is worsening. it has been going on for a while. we had a huge sell offlast week. how low can we go is a good question. europe is rattling us and we are set to open lower by about 70 points on the dow. >> let's talk a little bit about facebook. that is some positive news perhaps. facebook hitting the road peddling its ipo. what are they expected to do? >> this is the start of the road show. it begins today in new york. hon of thely, most of the money is there for facebook. the big question is whether the ceo will show up. mark zuckerberg is expected to show autopsy at some of the ipo

i am joining us with more lauren simonetti. >>> good morning. u.s. stocks got euro tracked.ig weaknesses seen in spain and italy particularly greece. a little bit of reprieve this morning after falling one percent on the board. german gdp increased more than expected. >>> so facebook some people think it's just a fad. >> the ap and cnbc found that half of americans think that facebook is indeed a passing fad and another halfw say the ipo price that it is over valued. at the same time the wall street journal reports they have upped the price between 34 and $38 a share. of course we can't get it. this is just for the big money who trade a lot. >> that is not me. if you love your slurpe but not the calories we have good news. >> a 20 calorie spulurpe it's 2 calories. they are going to have different flavors cherry lime aid and strawberry banana. the mango one uses fan taw. >> lauren simonetti, fox ne business network. >> if you want to score 9 million bucks? it's one of the president's buddies. >>> he brokered the end of the vietnam war. you think they might let this guy pass.

ow ey tsoin acsshenothst al aug sta f ys shallfdhustssor business network lauren simonetti. >> great news for savers. maybe we are not so certain about the economy but we are putting money away. average balances and 401 k plans grew 8 percent ithe firs quarter. at is aecd level of8,0 stheaw since traing t ta i 08. we are savin me tirst qute n i ri th sckart did. th'shy bces are . >>asnati fmaio coans e syiheil prero y feso e gornatha ile plon hlam esma ofti ore eto gtal 1s after the hour. one girl refusing to say the pledge of league yance -- alleg class. why is she suing the school? the airline refusing to refund the money after he is tooick to f. weill haheutme whee co bk. h ca c al sven's homsecuri gets the most rewards of any small business credit card! how does this thinwork? oh, i like it! [ rth ] en's small business earns 2% casback on every purch every day! woo-hoo!!! put th on my arcard! y settle fores testing t tar. great business deserve the st rewards! [ male ancer ]thark nessar fr cital one choosenled rewar withcash bk or dblmis e pur eryay! s yr wallenled rewar withcash

lauren simonetti with fox business network is live in new york this morning.rning, lauren. >> good morning. >> three days left until the weekend. i'm getting better. >> all right. >> we'll get to the heavy lifting with the mark nets just a moment. first, let's talk about our morning buzz, the makers of folgers and dunkin donuts coffee helping our bottom line. >> coffee terrifickers can expect to save some 6% on average new drink coffee made by j. m. smucker. they make jelly but they also make coffee. this is because the coffee beans, the commodity have come down drastically. they rose so much last year and we are seeing a significant cooldown. the big question is starbucks and kraft going to follow suit and give us more savings for our morning cup of coffee as well. >> now to the markets. stocks fell for a third straight day. what is going on there? >> it is greece. for the past nine days, greek political parties have tried to put together a coalition government so they could stay in the euro zone. that is just not happening. over the past nine days, the dew i

postal service, let's bring her in now, the big shot herself, lauren simonetti live in new york. what was that like. >> i was on the floor no 12 years and i never got a chaps to ring the bell. it was very good for the children. it was spectacular. we had to clap our hands for 40 seconds inform you think about it, you probably never clapped your hands straight for 40 seconds so my palms were like bright red and they sung for like two hours. it was awesome to be down there. we had an event actually last night not charity so i'm he really tired this morning. >> you don't look it. you never do. >> concealer. >> it feels like deja vu, doesn't it, fear of european debt having an effect on wall street. >> yep. greece, spain an italy, all the time lately. the dour is now down, counseling this morning, for seven sessions in a row. over the past sick trading days, the dow has lost 444 points. that turned out to be a 97- point drop yesterday. -- over the past six trading days. >> lots of u.s. economic data. about time, today so hopefully it will be positive and we can turn the red arrows ar

as lauren simonetti tells us, it all has to do with the power of social immediate. >> >> reporter: twitterfacebook. >> the reality is consumers are now turning to social media channels to talk about service, good service and bad service. >> reporter: dave kirpan says these sites are breaking down barriers and empowering consumers. >> we have the right now and the responsibility to hold companies accountable on social networks. >> reporter: corporate america is listening and responding to the good, the bad and the ugly. >> if i post on dealt's facebook opinion a complaint, that is public. >> is that okay with me and that is okay with delta. would we prefer for some tweets to not be out there about us? probably yes. but you know what? in the end, it is all about solving the problem for the customers. >> reporter: delta even has its own social media lab to track all those tweets and facebook posts. >> we have monitors throughout. we have everything from the news network there to what is going on in the twitter world, stock, you name it. we have it up on a board. >> reporter: american express

joining us is lauren simonetti. >> we are starting with nasdaq.r glitches with facebook. >> it was a silz for the company and it opens trading for facebook. triple whammie. opened half hour late. a lot of the orders didn't go through. they went to cancel orders that never happened. the third thing that went wrong is that gained only 23 points on the day. we were looking for a huge number that never happened. >> it was the talk of the weekend. now we have a list this morning of the highest ceo's payment wise. salary wise for 2011. >> you are not on here ainsley. >> one day. >> number one on the list is apple's new ceo tim cook bringing home 378 million last year. number 2 oracle ceo. >> moon dust bringing in 70 million and oracle 76 million. >>> google executive chairman making a big announcement of college graduate commencement speech. >> speaking at boston university he says he dares challenges all of the graduates to put down their connectivity their mobile he phones their i pads or whatever for one hour every single day. they will get somebody

joining us from the fox business network is lauren simonetti. >>> he has only been ceo for months over the weekend he is stepping down two things to tell you about. number won the resume he said he had a fake computer signs degree which he did not have. he told the board of directors he has thyroid cancer. >> what's going on with greece and how are they reacting. >> we don't want another round of elections but looks like that is what we are getting. a new coalition is being formed but the left party doesn't want to keep it together they don't want any terms of that bailout which means huge awusterity and spending cuts. these are also economically weak. no spending cuts no austerity. >> bringing it back home. what about the jobs picture here? >> not too good. they typically do a survey of top economists. they find they are more pessimistic than optimistic about economic growth. they won't budge this year and they have a long way to go to bring down the unemployment rate below 1.8 percent. >> see you tomorrow. >>> it is now 16 after the top of the hour. a husband of a 9-11 victim wants t

joining us is lauren simonetti. facebook down 11 percent. >> it is getting ugly. concerned they might have community shares on the market. people are questioning the revenue generating model. ipo $38 didn't move basically at all. second day of trading down 11 percent. >> are you hearing some people talking about cutting off the stock but i guess the advice on the long run is hold on for a bit. >> at this point, yes. it is shaky we need to find out exactly what is going to happen. they can get their money back based on the discrepancy. >> tell us about this palm juice. tell us about this. >> not so good in terms of preventing cancer and erectile dysfunction. pomegranate juice made famous as a super food. now a federal judge is saying you have to stop advertising it as being a super food preventing all of these things. >> as a travelling mom this is one of my pet peeves. less and less are you able to buy a seat next to your young child. >> the middle seat is becoming so popular. travel is going to be up this summer. what you are supposed to do is book your ticket as

joining us with more on that lauren simonetti on the fox business network.reaking records with the ip offering. >> the big facebook public debut on the nasdaq. the company's price earlier than expected at the high end of the range $38 a share. you need to know that raises 18.4 billion for the company. as you can see here that makes it the second biggest ipo in u.s. history right behind visa and ahead of general motors. $104 billion market it is bigger than amazon, disney and bigger than cisco. you can buy shares today. maybe you want to or don't. but you are probably going to automatically end the shares because in the month of september to december that's when we can expect facebook to be added to the s & p 100 or nasdaq 100. you own those in your mutual funds and 401 k's, et cetera. >>> jp morgan that situation dimon is going to testify. >> this lawsuit is 3 billion plus. there will be a set of hearings with regulators that will end on june 6th. that's when jamie dimon will sit down and testify. >> the post office the latest with them. 250 post office clos

joining us is lauren simonetti from the fox business network. thanks for joining us. >> we survived the european elections yesterday our nasdaq was higher. the european spocks were somehow together. we are looking. >> consumer credit the most in ten years? >> as of march the most recent data u.s. consumers increased their spending to 2 and a half trillion. that is just about the most in a decade. good news many found work so they felt comfortable taking on more debt auto loans and student loans. >> we are going to talk about protecting your credit lart on in the show. more and more companies are offering personality tests to new hires as well as people they are thinking of hiring. it costs 20,000 dollars but the company say it is a great way to learn about what kind of thinker are you are you a traditional think error abstract thinker? >> thank you very much. we appreciate it. >> that leaves us to this brew on the question of the day. do you think you would be hired based on your person amount? send us your comments at fox friend first or e-mail

patty ann in >>> now stories you can bank on joining us from the fox business network is lauren simonetti. bad news for jp morgan chase. >> nice color by the way. >> we think like every morning. >> it's another bad day for them. they are getting hit with pair of lawsuits saying the company and ceo jamie diamond misled investors on an earnings call earlier last month. at the same time the $2 billion lawsuit we were talking about and we were speculating it would be more than 2 billion, the new york times is reporting it's at least $3 billion because of the hedging revealed last week. >> facebook a big public offering coming up. we have the price how is it going to go? >> it will price initially tonight. facebook increased the price range between 23 and $38 as share. that would raise $104 billion that's what they would value the company as raising 16 billion in the ipo. that would make it the third biggest ipo in the u.s. essentially behind vista and general motors. >> this is a big one. meanwhile sketchers had these tones shoes but they were accused of hyping up the toning benefit too much.

lauren simonetti joins us now with the fox business network with those details.elcome. >> hey heather, good morning. t minus 48-hours for this expected facebook ipo. the state of california is going to make a lot of money. it could mean 2.1 billion for california through the middle of next year as all of the facebook employees and shareholders cash in their share. >> possibly bad news, though? >> gm is the third largest advertiser in the u.s. they spend about 40 million on facebook advertising but they said they had low consumer impact. they are pulling their ads on facebook. is that a trend? how should facebook better approach the advertisers for the ad dollars. the fbi looking into jp morgan. >> we have the fbi as well as sbc and british regular tlierts looking at the loss at jp morgan. there's a team of regulators in new york and fbi looking into it. it is preliminary at this point but it does not bowed well for the bank and all of the expected regulations expect to do take effect this summer. >> the debate. all over again. >>> this last summer we were talking

lauren simonetti will break it down next. >> oprah's network could be yanked off the air within a year? we will tell you about it. careful, pringles are bursting with more flavor. [ crunches ] mmm. ♪ [ male announcer ] pringles... bursting with more flavor. [ crunch! ] >> announcer: meet mary. she loves to shop online with her debit card, and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard-earned money. now meet jack. enough to enjoy retirement.saved angie, the waitress at jack's favorite diner, is also enjoying his retirement. with just a little information, she's opened up a credit line, draining the equity in jack's home. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. see, ordinary credit monitoring services tell you after your identity has been stolen. they may take up to 60 days to alert you-- too late for jack. lifelock has the most comprehensive identity theft prot

joining us now is lauren simonetti. >>> good news for people who are looking for work. >> great news. the labor department said as of march there were 3.74 million jobs advertised. that's the highest level before the financial crisis. if you are looking for a job the labor department also found more people quit their jobs. that is good because they feel more confident they could get out and do another. >>> chase coming up with a prepaid card that could replace checking accounts. >> this is good for people who don't have a checking account or high enough balance. it's a prepaid debit card and there's a $25 deposit necessary in the beginning then you pay 4.95 a month. it's a way for chase to collect fees they can't collect any more. >> me, me, me. all about me. why we like to talk so much about ourselves on social media like twitter and facebook. >> smart people at harvard trying to figure this one out. the reason we like to post what we eat for dinner and the things we are doing all of these personal things on twit he were and facebook and pin terrorist and everything else. not only do

lauren simonetti joins us with more. >> good morning heather and heather.s global has been so slow and frustrating michael grim a first term house republican from new york is looking not only to pick up the pace but to get some answers. he is pushing for the justice department to turn over the investigation to an independent council. john corps zine the former ceo former senator governor and major major fundraiser for the obama administration. they have no direct evidence that the department of justice is surviving special treatment. perception matters and matters a great deal. so much so the letter says independent investigation is urgently needed. it is the result of independent prosecution that calls for president clinton's impeachment after the affair with lewinsky. money is still missing from mf global funds. >> former fbi agent himself. see what happens with this. he is from my home town. >>> thank you very much, lauren. good job with that fox exclusive. 10 minutes after the top of the hour. the service stinks, so does the food. should you be forced t

for more we go to lauren simonetti on fox business network. what does this mean for us?> this is unprecedented. the feds u.s. legislator reauthorities are given approval of three chinese banks one of them the industrial commercial banks is the biggest in china to buy some u.s. banks. what it means is perhaps we can have someone dominated in our own accounts. it gives americans more access to market which have been tough to get into at this point. we have sent a huge team of exports to go over to china to look at their operations before they approve this. normally something like this would take two months not more than a year. >> providing finance to those chinese companies. gasoline prices. people are wondering because we are approaching summertime people take vacations. >> national average 3.75 down a nickel from a week ago. one of the reasons they are coming down is crude oil prices from which gasoline is refined. $96 a barrel right now. we were at $106 last week a. huge drop. adding more fire to those declines is the fact that oil supply is the highest since 1990. >>

. >> lauren simonetti joining us this morning. thank you. >> thank you, heather. it is time now to brew on this. texting while driving of course a dangerous combination. what if you weren't allowed to text while you are walking. elizabeth pran joins us with all of the details. >> you can get a ticket for texting while walking in the street. the reason cops say texters are some of the biggest jaywalking culpri culprits. they say it's dangerous. around 2 dozen pedestrians have been hit by cars so far this year in the area. >>> it is a big distraction. they are not watching where they are walking. remind pedestrians to be aware not to be on their cell phones and texting. >> fort lee police are stepping up controls looking for dangerous walkers people who aren't paying attention. people who aren't following the rules. >>> i did something wrong. usually i pass where i have to pass. >> i think it is crazy. that's a lot of money. >> the money she is talking about, 85 bucks a ticket. just in the past month and a half police have issued more than 100 tickets for jay walker

joining us now from the fox business network lauren simonetti. >> great news for savers. maybe we are not so certain about the economy but we are putting money away. average balances and 401 k plans grew 8 percent in the first quarter. that is a record level of 48,600 stashed away since tracking the data in 2008. we are saving more in the first quarter not in april. the stock market did well. that's why balances are up. >> fascinating information. companies are saying they will prefer to pay fines to the government rather than include employees on healthcare programs as a result of the obama healthcare law. >> this is exclusive information that fox obtained meant to go to house republicans. it found companies with around 6 million employees they say 29 billion in the first year if they pay that fine with government healthcare exchange ore the course of a decade $422 billion. >> so many of the large companies are self insured. they don't know the risk they would rather have the government take it. >> wal-mart getting into cash business on-line. >> if you thought we were go

lauren simonetti with fox business network is live in new york with this morning's business beat. u, lauren. >> good morning. >> let's talk about the stocks first before we get to this facebook thing. it was a pretty good day as far as stocks are concerned. >> yes, it definitely was. we have the dow at the highest level in more than four years climbing 65 points yesterday. we got a really strong and surprisingly strong report on manufacturing. we are not expecting the number. basically the best number we saw in about a year for the month of april. that is what fuels the rally a little bit of a drop-off this morning. investor are starting to turn their attention to the job market. private payroll expected to be weak and on friday, the big government jobs report. >> now, let's talk about facebook. we've been talking about this for a while. they've got a date and that date, they go public may 18th. how big of a deal this is in. >> the "wall street journal" finally pinning down the date. this is a huge deal. facebook will start the road show this coming monday. they try to tout the com

lauren simonetti with fox business network is live with the business beat. >> good morning. >> may istarting out too well for the markets, is it? >> very fickle month. we keep getting conflicting data on the health of the u.s. economy. one day it is strong, the next day we're really disappointed. but we are concerned about a private employment report that showed a big drop in the number of private jobs create in the month of april. that is one of the ropes the dow is down nearly 11 points yesterday. and it is making investors nervous for what is going to happen tomorrow when we get the big government jobs report for april. so conflicting signals on the economy has investors just sitting on their hands and waiting for what to do. >> that moody market, missed messages, my gosh. >> let's talk about target now. it is saying no more to the kindle in its stores. what is going on here? >> i know. really strange move because the kindle was a great seller at target. they will no longer have amazon products including the kindle e- reader and the kindle fire tablet as soon as this month. in all

lauren simonetti is live in new york with with this morning's business beat. >> good morning. >> let'sout this grim news. some top execs resigning. what effect could this have with investor in the market. >> something has to happen. j.p.morgan lost at least $2 billion. it has put the firm's reputation in general ditch the their ceo jamie diamond is being questioned. the person who heads up the chief ininvestment office where the money was lost, a woman named ina drew, she makes more than $15 million. she offered her resignation multiple times. but because of her great reputation, everyone up until this point was saying no, please don't go. it is looking like she is going to leave as well as two others. fox business is reporting that one of those is not one of these prominent guys. he can most bond market like no other. we'll see if he goes too. but we are expecting three executives overall. >> isn't ina drew one of the top female executives on wall street. >> yeah, with that kind of salary, most definitely. she really is. she is in her 50s and she is so well regarded just like jamie di

. >> we'll talk more about that with lauren simonetti coming up in the 6:00 hour. >>> coming up, a hight at one of the region's most well known tourist spots. one false move from taking a dip in baltimore's inner harbor. did he make it across. we'll show you plus we're checking weather and traffic. stay with us. >>> high above baltimore's harbor, nick wallenda attempted to walk across. wire ran about 300 feet. there was one scary moment where he stumbled just before the finish but he didn't fall. it was an opening for ripley's believe it or not. >> if you are afraid of heights, this is not no you. >> he got all the way to the end. he did it. pretty impressive. like a high wire act every day here on the show sort of. just sort of balancing ourselves. >> the computers. >> always something. >> issues continue. the good news, we'll see plenty of sunshine today and it will be a beautiful day for you and tomorrow will be beautiful. sounds good. >> saturday will be beautiful. time to get the car washed. >> most of the mother's day will be beautiful. should be just fine conditions here, low hum

lauren simonetti is live in new york with the business beat. >> good morning.n't believe it, did you? >> you know what? i never slipped on a pair. but for those who did and feel that the shoes didn't work, they may be entitle to some money here. >> yes. they are getting their money back. this is what happened. sketchers actually paid a chiropractor who was the husband of one of their marketing executives to do a study and say yeah, if you wear tone high pressure up toners, shape-up or resistance runners, you will slim down and have a trimmer back side and you will lose weight. none of that happened really. as a result, sketchers is forking over $50 million to the federal trade commission in several states including d.c. for making those false claims. >> did you ever buy a pair? >> no. >> you got to do it the old- fashioned way. >> it takes a lot more than wearing shoes to trim down. >> i agree. let's talk about the markets. how are they looking today? >> a little bit flat. kind of flat at the moment but we are doing better than europe. european stocks are down

lauren simonetti with fox business network is live in new york. happy tuesday. >> happy tuesday.e survived the european elections. we were looking at steep declines at this point yesterday after france has a new president and the greece election is wreaking havoc. you know, we finished up for the nasdaq and for the s&p 500, believe it or not, and the dow fell a modest 29 points yesterday as you can see but holding above 13,000. apts different picture this morning. we have red across the screen and in europe too. >> any big earnings reports today that could help influence the markets. >> we'll hear from walt disney, a dow component as well as the fast food giant wendy's. some fed officials speak but no economic data. >>> amazon is taking on the high-end loathing market. i guess brands like michael kors. a lot of these brands have stayed away from amazon. what is the deal? >> right, because many of the contemporary and high end brands feel like if they sell on amazon, they will be too commoditized. not anymore. they've huge clothing store and they are doing a marketing cam pawn for

let's say good morning to lauren simonetti with fox business network in new york.ow is your tuesday going? >> good. how are you? >> so far, so good. inching closer to the weekend so we like that. >> you have a couple more days, will. >> let's get started with the markets. monday was a banner day other wall street. >> great day. it was up 2.5%. don't get too excited. we have futures flat to slightly lower. there wasn't much conviction behind the buying. you have to look at what is going o we are heading into the summer. that means investors get kind of sleepy. earnings season is basically over and we don't know what is happening in greece until the next round of elections june 17th so many people are just sitting on their hands right now. >> let's talk about facebook now. stocks down 11%its on first full day of trading. what happened there? >> i call this fall on your facebook. i mean this story -- there has been nothing normal about facebook's coming to market. so they kind of didn't do anything in their first disastrous day of trading on the nasdaq. then, yesterda

lauren simonetti is live in new york with the business beat. >> happy friday, sarah. >> j. p.f the strongest banks taking some big risks and making some big mistakes. >> yeah, we are talking about a $2 billion blunder over the past six weeks made at j. p. morgan chase. what happened was a bad trade was done in a derivatives unit in its london operations. so bad that the ceo, the well- regarded ceo, jamie diamond, called a last-minute conference call last night after the close of trade to tell the investment community what went wrong and anybody who knows diamond knows he is a well-regarded guy. he speak straight. he doesn't use technical jargon. and he goes look, this mistake is, quote, egregious and self- inflicted so he is out in front of the error. last night, we did see that the shares of j. posterior morgan down more than 6%. other banks down dramatically in sympathy but there is a possibility things might be okay today. because, like i said, diamond is out in front were rear or. but this casts all sorts of questions of what will happen with regulations. diamond was one o

lauren simonetti with fox business netted working live in new york with this morning's business beat.eekend just about here for us. >> happy friday. long day ahead but the weekend is close. >> good. good, the weather at least for most of us shaping up to be great. facebook will sell shares at $38 a facebook has never turned profit. a lot of us are wondering how can this be. the with facebook is that their ad revenue stream is tapering off a bit. facebook has prom id to always be free but they are trying to convince these von vestors who are saying how are you going to make money that they are on top of and they are figuring out ways to continue bringing in the revenue and being profitable. >> could this abby catalyst the stock market really needs? >> the fine ipo? most definitely. sometimes, selling just begets selling. for the past 12 days, the dow industrials are down for 11 sessions in those 126789 that is the longest losing streak in 10 years. we are jut selling for the sage of selling at this point. we need something to make investors come in and buy on the dips and jump back int

in new york, i'm lauren simonetti, fox business. >> all right.et the margarita machine ready. >> bryce harper or rg iii? who has more pressure to succeed? i don't know. >> that is pretty close. dave and i will debate that next coming up in off the wall.   >> he will keep going.  [ male announcer ] knowing your customers is important to any successful business. which is why at wells fargo, we work with you to get to know the unique aspects of your business. we can recommend financial solutions that can work for you that have helped millions of business owners save time, reduce expenses, and maximize cash flow. as the number one small business lender for nine years running... we're with you when you need us. so you can be there for your customers. wells fargo. together we'll go far. okay, so who ordered the cereal that can help lower cholesterol and who ordered the yummy cereal? yummy. that's yours. lower cholesterol. lower cholesterol. i'm yummy. lower cholesterol. i got that wrong didn't i? [ male announcer ] want great tast

lauren simonetti has this morning's business beat. >> good morning. >> we start a new month today andke too forget april, huh? >> not such a great month for the stock market. the nasdaq and the s&p 500 were lower for april for the first monthly decline of the year. the dow is high are by a point but we'll take it marking seven straight months of gains for the blue chip. that is the longest winning streak in about five years. not terrible for the dow. futures are completely flat this morning on the first day of the new month. many investors might think it is time to take money off the table before we hit the slower summer months but we'll have to see how this one shakes out. we get manufacturing data and car sales today. >> wal-mart is allowing its customers to pay online. >> pay with cash online. this is interesting. at the check-out process being you select the shipping option and the pay with cash option inform 48 hours, you have to go 199physical wal-mart store and pay them for your online bill. this is an interesting story because the fdic data that wal- mart uses says that one in

lauren simonetti with fox business network is live in new york with this morning's business beat.d morning. >> good morning. how are you? >> i'm great. the facebook ipo got kind of messy last week. the sec is investigating. what do you think will be the fallout from from this? >> the nasdaq might have to pay money to investors, maybe up to $200 million is what we're hearing. a lot of things went wrong on friday. it was really unexpected because the nasdaq was assuring us they had tested their systems. they were able to accommodate such heavy volume. they opened at $38. it hit $45 for a brief the moment but at the end of date it was down to $38.23. that wasn't that much of a gain for what was expected to be a glamorous debut day. in the process, many investors really didn't get what they wanted. some people didn't know until last night actually that their records went through. cancellations of orders had a huge problem. there was a big clog in the system. it is really ugly. now, the nasdaq and sec and investors have to figure out what to do. >> for sure. >>> after that underwhelmin

lauren simonetti with fox business network is live in new york with the business beat. this facebook survey is quite fascinating. some people actually think facebook is just a passing fad and maybe don't think it isism po is worth it. >> exactly. half of all people asked by the associated press and cub said that facebook is a fad and another half in another question said that this ipo price is way too high. nonetheless, we are finding out today that the target range has been raised. it was 28 to $35 a share if you could get in on the facebook upo. now that is $34 to $38 a share were the reason why we care is this now values the company at $104 billion at the high end. >> there are a lot of investors very excite about this. in the meantime, the markets, are they exit today? >> we have up arrows. we don't say that a lot. the dow is set to open higher by 70 points right now. we get in u.s. data today. we get retail sales. we also get inflation at the consumer level. germany weighed in with their first quarter growth results and their gmplet dp rose much more than expected.

lauren simonetti is live in new york with this morning's business beat. >> good morning. >> we coulde some good economic news over here in the states because the european debt crisis seems to be weighing the markets down. >> yes, it keeps happening. we've had red for the dow industrials for the past five days in a row. day number six now in the futures market. dow few you ares off by 60 points so it is not looking like a pretty day. look at that, down 76 yesterday. that was good news. we were down 200 at one point. no economic news of note today so that means we're watching europe and we never like to do that. >> i'll take the good news on the mortgage front for homeowners. talk ale bit about this. >> trans-union says in the first three months of the year, 5.7 #% of mortgage holders arm at least 60 days behind on their mortgages that is the lowest and best rate since back in 2009. so a three-year low. great news. >> and some good news actually little birdie tells me perhaps, ms. simonetti, that you may be helping with the opening bell later this morning. >> yes, i'm going to head dow