please welcome the 'b,' krysten ritter, everybody!und this picture of you. it's you -- are you driving a tractor? >> yeah, that's me doing manual labor. >> jimmy: yeah. >> on my farm in shick [ bleep ], pennsylvania where i'm from. >> jimmy: shick [ bleep ]? >> yes, that's it. >> jimmy: shick -- >> shickshinny. >> jimmy: shickshinny. >> yes. [ laughter ] >> jimmy: we might have to bleep out whatever i said. >> i've called it that many times. >> jimmy: okay, oh yeah. >> but i'm allowed to. >> jimmy: probably the townies call it that, right. >> sorry, mom and dad. >> jimmy: "i'm gonna get out of here, man." shickshinny. >> yes. >> jimmy: pennsylvania. roots, you know where that is? >> questlove: yes. >> you do? >> questlove: yes, absolutely. >> because you're from philly. >> questlove: absosmurfly. >> absosmurfly. [ laughter ] >> jimmy: absosmurfly, ridiculous. >> like three hours from philly. >> jimmy: is it? oh it is. three hours -- >> it's far. from everywhere. >> jimmy: but you grew up on a farm? >> yeah. >> jimmy: that's so fun. yo

of afghanistan india will have to step in and make sure that this this region is stable or a prius ritter thanks very much indeed for bringing us the. daily word hillary clinton is visiting. now let's take a look at some other stories from around the world here on r.t. the cia claims that war that al qaida flawed to bomb an airliner in the first anniversary of the killing of osama bin laden involve the bomb concealed in underwear that was to be detonated the board of passenger jet a similar scheme was used in december two thousand and nine but failed on the explosives didn't detonate properly no information has been released about the status or identity of the would be bomber. israeli prime minister and opposition have reached an agreement following all night and give to avoid snap elections they now plan to form a unity government with denham and netanyahu is party on monday netanyahu brought the date for the poll forward to september fourth accusing the opposition of and populism. president has said the recent nato killings of civilians could hinder a peace pact he signed with barack ob

jay ritter at the university of florida, he is mr. ipo. he says they do.ied companies over a 10-year period after the ipo. on average 822 employees added just directly from these companies. all companies 60% employment growth. but take out some of the older companies do what ritter calls emerging growth companies, they added a whopping 160% to their pre-ipo payroll. are they good for your portfolio? look at some of ritter's work. if you get in on day one, you'll be up 18% or 20%. that's not the rest of us. over a three-year period you can get 20% runs for the average ipo, the smaller ones underperform, the bigger ones do not. this looks good, right? not as good as you think. take a look at the other when we compare it to the market. the average three-year return actually trails the market. you'd be better off in the broader market and that's because the smaller ipos are the ones that underperform. the bigger ipos do okay. you can see right here those greater than 500 million end up being 2.6% above the market. why is that important? because that on average

>> caller: thomas ritter. i wrote a letter to the president kind of just -- i was kind of angry. and the health care debate was kind of a tough deal. and i didn't like how it was just rammed down the throats of the american people. my classmates are laughing at me. and so i just, you know, kind of vented some things that i thought, you know, were happening with that whole process and how it kind of needed to just take a step back and let's make a really good health care policy that maybe everybody would vote with. and so i was really surprised to find out that he read it and actually wrote back. >> and we read, thomas, that he wrote a two-page response. what did he tell you? >> in response, he said that hey, i have to -- i read your letter, and i have to challenge you, though. and that was the biggest thing that made me realize oh my goodness, i'm talking to the president of the united states, you know, in letter form. and he had to challenge me. so i just couldn't wait, the little lump in my throat. and he challenged me on the part of that he doesn't take criticism seriously. an

he's davis ritter of argus research. welcome. >> thanks for having me. >> hard to find anybody on the show who does not like wells. what's up with your call here? >> for me it starts with revenue growth. it's always been a very sales oriented culture, focusses on the cross sale. at the analyst day last week they talked about the wallet opportunity going forward. but for me they didn't spend time talking about having the right products in place. it's harder to cross sell when you're talking about things like home equities, debit cards. at the same time late last year they shifted their focus called project toppias, which is really counter to their dna. at the same time just last week they said that they wanted to add more locations. so that concerns me that shifting to an expense control is just not in their dna. they're a long way from their year end expense goal, about 1.75 billion away. so wrap it up, it comes back to you'll havation. they have a very deserved premium to the other big banks based on superior long-term

there are still some questions about enrollment and hell it bill ritter reflected in the neighborhood, -- and how it will be reflected in the neighborhood. they have come with a resolution to authorize staff to begin at least negotiations. that is the beginning of a process of discussion and back and forth. we had an amazing presentation on the proposed middle school campus. i know our facilities chief extended an invitation to all of the board members. when you do have an opportunity, it is stellar, the work that has been done. the incredible amount of time that has been invested. in hearing from the community, reflecting the views of design. it is a different way of building a new school. the former mayor was also briefed separately. he was pleased with the work of the committee. it is really quite something. finally, the director of sustainability reported on bottled drinking water. he reported that we have contracts amounting to $50,000 and the goldwater in the district -- in the bottled water in the district. it is not an essential expense. one of the proposals is to replace thes

controversial nuclear program well for more on the clinton's visit on i'm joined by our teams prius ritter is in new delhi for us prius so delhi has made significant cuts but clinton still once more at a refusal mainland india with sanctions so what's in his stance now because it's such a rapidly growing economy and needs few obviously. that's right marina obviously as you mentioned india is actually against sanctions on iran they believe that there are different ways to deal with the iran issue and as of right now india is the second biggest customer. all right sorry about. korea japan. and here is. i can hear you guys you know what i was just saying is that india china japan and south korea together actually account for sixty percent of the customers of iranian oil and actually it's very interesting the timing of secretary of state hillary clinton's visit here to delhi because it actually coincides with a trade delegation that's here from iran the president of the chamber of commerce from iran is here in delhi trying to court delhi and get delhi to continue buying oil from iran obviously

is a huge problem in the country and has actually been widely documented mark crispin miller and ritter and greg palast also said that you know in two thousand two thousand and four even when kerry said you have lawyers on the ground in ohio counting it counting every vote and a lot of people just blame it on the you know republican dirty tricks but you could look at the democrats and say that their complicity with not demanding that these votes be counted are demanding that things are fair and free you know that could be an issue to yeah i mean i think that there's a certain amount of blame to be doled out on either side but you know the fact of the matter are that republicans have really become experts in this whole policy of suppressing the vote whether it's through these these. tactics that in florida or simply giving misinformation to potential voters and say i think we see this almost every four years where a whole group of voters give are given the wrong voting day for instance. and almost all of these are coming from the republican side democrats i think could potentially be doi

with the latest, here's abc's bill ritter. >> reporter: adam mayes and the girls he kidnapped found insippi, where mayes lived. >> the girls were found alive and appear to be unharmed. officers have also apprehended top ten fugitive adam mayes. preliminary reports indicate mayes shot himself in the head. >> reporter: mayes and his wife teresa were wanted for killing the girls' mother jo ann bain and her 14-year-old daughter adrienne in their garage in whiteville, tennessee. >> there was two little girls that he was absolutely obsessed with. >> he made us all think that was his kids. >> reporter: mayes and his wife had been charged with the murders two weeks ago. teresa is in custody. cops say she's confessed. since then, mayes has been on the fbi's top ten wanted list and he's been on the run with the girls. 12-year-old alexandria and her 8-year-old sister kyliyah. the fbi and local authorities were on an intense manhunt to find mayes and the girls. as for motive, the belief was that questions about whether mayes was the girls' father were causing problems in his marriage. >> that was

professor jay ritter will join us at 8:40 a.m. watch being "squawk box." [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ ♪ why do you whisper, green grass? ♪ [ all ] shh! ♪ why tell the trees what ain't so? ♪ [ male announcer ] dow solutions use vibration reduction technology to help reduce track noise so trains move quieter through urban areas all over the world. together, the elements of science and the human element can solve anything. [ all ] shh! [ male announcer ] solutionism. the new optimism. >>> welcome back to "squawk box." the futures right now are suggesting a slightly negative open. we are waiting for the weekly jobless numbers in just about 15 minutes and maybe we'll see decisive action. making headlines, senators casey and schumer will unveil a bill. the senators want to stop him from paying the 67 million in taxes by renouncing his citizenship and it would bar

. >> they were redding a letter to a until -- reading a ritter to some of the protesters -- letter tohe protesters telling them they are protesting. officers read this letter as they walked throughout the campus. two weeksback dozens of protesters broke into the all right. they called it occupy the farm. demonstrators say they've been getting daily visits from if uc berkeley police officers. they expect in the future -- they expect it. >> we just stick to our work and it's not a problem. >> a spokesperson told me they plan to reach out on the university to respond to share this piece of land. but again, a visit from uc interest -- protesters tell me it happens every day. we're live this morning in albany, kut cow cow. -- we're live this morning in albany, ktvu channel 2 news. >>> amazon.com, your cancellation in the subject line of the amazon says the e- mails are not from the country. so if you get this e-mail and have not ordered something, complete -- delete it. >>> tonight, the redwood city council asks for public machines on a paper -- paper materials. >>> gas prices have been ch

jay ritter, mr. ipo, university of florida.ipo price, you have only a 3.9% return which underperforms the market by nearly 3%. that would tend to bode badly for facebook holders right now. hold on because we asked mr. ipo to look at this by company size. a large company debuting with a down ipo price is very rare indeed. take a look. if the second day close is greater, it's 2.5%, second day close, 8.1%. so there is hope for your facebook holders that the stock could come back. all of the underperformance comes from the small companies. when the market doesn't look a small company out of the chute, it doesn't like the small company almost ever again. here are some of the influences after the ipo. as andrew said earlier, underwriters at some point, one day, two days, stop supporting it. the lockup ends so you have people coming to market to cash in shares, the stock becomes increasingly influenced by market trends and quarter live results and other financial information made public. thank you to jay ritter, university of florida,

it also has a wonderrul cast,, featuring meeissa leo, andrew mccarthyy jason ritter, arrelle kebbel.festival forrmore pnformation on the maryland film festival,,loo on to fox baltimore dot com slash mooning. pommng up... the immorral world touu... is coming to balt. baltimore.jackkon nats &pnats we've got your chance to wwn tickets to see the show... listen in ffr your cue to call... sometime in the nexx morning news.. all locaa.. all morning. ((break 5)) oo say caa you 3sing? singgthee you should enter our monsterrjam star-spangled sing off!today s your last day to enter!go to our website foxbaltimore dot com and upload a videe of yourself singinggthe national anthem. you could win a chance to sing the ttrrspangled banner when bank stadiim on june 2nd.t ((tosssto weatherr) ((ad lib meteorologist)) 3 weathhr kid tease 3 mother's day is jjss around &pp ballimore!tell us in 150 words ! or less why your mom is baltimore's bess.send yourr ennry to 2200 est 41st you ccn ssbmit it on ouu .or website.. foxbalttmore dot ccm. com.next week we'll ppck our favooite entry... and that mom 3 night

taking a look at the satellite/ritter this cloud coverage showing even snow and the lake tahoe the satellitethat. by 10:00 a.m., will start to see however, the low clouds could persist along the coast for this afternoon and mild as far as temperatures. let us take a look of the afternoon highs. low 70's, inland. 50's along the coast and upper 60s for the south-bay. your extended forecast coming back. >> the dunbarton and bridges officially closed this is video from last night. the dumbarton bridge officially closed it will not open until 5:00 a.m. on tuesday. caltran is working to make this a stronger and safer during an earthquake. drivers are revised to use the san mateo bridge or using highway # 237. kate thompson? >>kate: the san the tail bridge is closed this memorial day weekend the san mateo bridge can be used. however, the dunbarton and bridge is officially closed. they are trying to improve the seismic safety if/when the there is an earthquake. alternative routes you can use the san mateo bridge to the north. they are insane to plan extra time getting around this weekend. reporting

caller: thomas ritter. i wrote in an angry letter to the president and the health care debate was -- i did not like how it was done, and i vented some of what i thought about the process and how we need to take a step back and make a good health care policy that maybe everybody -- it was really surprising to find out that he read it and wrote back. host: and we read that he wrote a two-page response. what did he tell you? -- caller: hey, i read your letter. i have to challenge you, though. that is what made me realize i was talking to the president of the united states in letter form. he challenge to me on the part that he does take -- does not take criticism seriously. i respected him for it, that he responded back. take seriously -serious- criticism, i take seriously." when i saw he edited that, it hit me. we teach writing. it was an interesting deal that he revised a letter. he stopped and revised it. guest: of the remarkable things about your story that really touches me is -- this is somebody who reall

. >> you're siting some research to jay ritter, a well known expert on ipos out of the university ofps here. one metric leads us to a price of $23 and change. what's that? >> that's a price five years down the road which would be at about 30%. so my point is even if that's accurate and it's bad enough, you have to promise to return to investors if they know they're going to get a 30% loss. do you back out with an 11% return? you might assume that they need an even higher return because of their risk. you come back with 13.80, it's what you have to provide now to be at 23 and change. you also look at the avenue of the regular company. obviously, a characterization is you have to make a number of assumptions and people could easily say and i perfect le admit that's a good comeback. there's garbage in, gar gaj out. what's the revenue growth? by assuming that facebook is going to be able to grow as fast as the average ipo, there's many people who think that's already too optimistic. let's assume even over average growth, you still come up with that calculation, which suggests a $13.80 pr

we need to save $1.2 trillion -- the actual amount ritter by lawe amount amount required by law -- over ten years. so some of us have introduced legislation to pay for this $900-plus billion for next year, to offset with spending reductions the cost of this sequestration. a fancy word for across-the-board spending cutsment halcuts.half go directe department of defense. half are spread to all the other programs in our budget. what makes more sense, taking a meat ax and lopping off the top 10% or top 12% or whatever it might be of the spending in all these different programs? would you like to buy four-fifths of an airplane in the military? does that make sense? or does it make more sense to say, let's save $10 here so we can spend $10 over here? obviously it makes more sense to do that. everybody assumes that somehow we're going to avoid sequestration in the lame-duck session of congress. who's doing anything about it? well, some of us have introduced legislation. and we hope that this week in the house of representatives they will be able to amend the defense authorization bill by addin