we've got to go for a quick market flash now from scott wapner. what do you have?. more unflattering data on the weakness in the market. crude oil closing below $92 since october. the dollar made such a strong move over the last 10, 12, 13 days or so. it's been weighing on commodities. there's a look at crude oil below $92 for the first time since october. $91.47. >> thanks very much, scott wapner. okay. david, we have to leave it there. thank you very much for joining us. >> thank you. it's been a pleasure. >> glad you held onto your money. good for you. >> thank you. >> can i have some? >> sure. >> no, it is a good friday. >> i'm just taking your race car. we'll be good. >> what's left of it. so that is the sunshine version of becoming an instant millionaire. good job. up next, maybe more on the darker side, as mandy said. james alton has some advice. i think he's coming up. there he is. he'll be up next with his story and his sweet soho crib coming up. >>> it's a big week on cnbc. starting monday when wall street's power houses report, nobody breaks it down like

scott wapner is sitting in. scott? >> thanks so much. david einhorn wrapped up about an hour ago and each lasted about 15 to 20 minutes or so and went through 137 slides during his presentation and mentioned many different names, but certainly the presentation is notable as much for what he didn't say. no mention of herbal life, hlf. the stock we followed so closely. since the latest call when david einhorn asked questions of management related to the accounting, the stock went into a tail spin. there was wild speculation that einhorn would use this occasion here at the conference to mention that he was short the name. in fact he didn't say anything. you can see the stock moved higher before einhorn took the stage and continued that move in the after hours. it's interesting in and of itself the way they give the presentation. he doesn't come out and say i am long this and short this. you listen to the presentation and how he presents each of the stocks and the cases that he makes. you are left to decide based on that presentation. the re

taking aim at nasdaq, scott wapner. how big a hit reputationally is this for them? >> i think it's huge. this was supposed to be the nasdaq's grand moment. getting the facebook ipo was big in and of itself. friday was supposed to be the day. now they're left with an indictment of their own systems, indictment of their ability to handle an ipo of this size. tom joyce went onto say -- he's a big market player, you should listen to him. he said it was the worst performance by exchange ever. grasso himself comes out over the weekend and says he's humbly embarrassed by the whole process. whether there are any lawsuits down the road for the nasdaq, that's something to be considered. whether they lose business down the road is another thing to be considered. >> whether another ipo in this space particularly is going to come to that. >> if i'm twitter and i'm sitting out there thinking about going public over the next 12 to 18 to 20 months, does this impact a next huge ipo? who knows. >> john. >> i think they'll be able to land something like twitter, which will be a much s

let's get to scott wapner for a market check. most at the triple-digit gain level for the dow. >> we are, carl. the dow's been up seven straight months and on the first trading day of the month of may it hits a four-year high, 13,307, intraday high on this day, it's 13,309 where we are now. so it's improving as we're speaking here. financials leading the way today, and certainly among the sectors that are leading the way, bank of america's doing well, as is jpmorgan. ism, as you know, comes in better than expected. and this is the result, carl. >> yeah, we're going to talk a little later this hour about why, given all the weakness in the regional surveys, ism did manage to surprise in a big way today. scott, thank you very much. >>> more fallout from the allegations that walmart used bribery to spur expansion in mexico. a group of new york city pension funds will vote their 4.7 million shares against five walmart directors standing for re-election at the company's annual shareholder meeting on june 1st. john liu is the new york ci

scott wapner is in the einhorn euro zone. take a look at the train day chart.of that moving immediately, now down 6%. it was positive when the day began. let me recap a little bit. he also had a comment on amazon. it briefly moved the stock negative and now it's slightly lower. he said that he questions the profit growth. a lot of people do. they are investing heavily and focusing on revenue. not necessarily profit at the moment. that was one issue and herbalife popped before it took the stage. it's still up 9.5%. there are a lot of problems with stock down 8.5%. i want to point out to people, it's not the commentary that we're making. the stocks move based on what goes on at the conference. that has to be pointed out clearly because that's exactly what is happening. >> so what you're saying is the einhorn -- >> david einhorn is the market mover and people clearly seem to be acting on what is said. >> right. >> okay. so -- >> i have to be very careful about these things because -- >> you do. >> because there's a push and pull thing here. there's no doubt that t

we'll see you later, scott wapner at the conference in new york city. >>> gold prices today tumbling in the bear market territory on concerns that greece will have to exit the euro. the precious metal fell more than 20% since the train day record in september as the u.s. dollar index has hit a four-month high. gold settling down 1% at 1536 an ounce. >>> bruno, the london whale at the center of the trading loss is still at the firm. he's expected to leave at some point and there was a chief investment office ina drew resigned. he oversaw the disastrous trade. james baker and saratoga and trust, the jpmorgan chase and management took excessive risk. jpmorgan chase not commenting on the lawsuits. let's take a short break but don't change that channel. all of this and a lot more still ahead. >>> falling off the fiscal cliff. what hundreds of billions of dollars in tax cuts set to expire, are we about to see the dividend gravy train come to a screeching halt? >>> plus, the way one percenters are signaling red flags for the markets. markets. with dedicated supports at over 500 branches nat

i'm scott wapner. some more color of exactly what's going on behind the scenes as the facebook fallout continues. this from the new york stock exchange. according to a source, amid reports that it's actively trying to lure facebook away from the nasdaq, that source telling cnbc that the exchange is "accelerating its efforts to talk to companies who've recently filed plans to go public and are either on the fence about where they'll list or have chosen the nasdaq already and may be inclined to reconsider." at the same time the same source tells me no overt pitches have been made to facebook about its listing because it would be "inappropriate at this time." the source does tell cnbc that facebook itself has also not contacted the nyse about a switch. and earlier today as you know i reported that nasdaq officials are said to be concerned about the lasting impacts of the problems surrounding the facebook ipo and of the possibility of losing facebook outright to its rival. so, guys, i guess you take from t

follow scott wapner. more "power" now. >> half-time is over. the second half of the trading day starts now. >> here's the kickoff, everybody. facebook's face plant. that is story number one today on "power lunch." good afternoon. i'm tyler mathisen. shares of that company still struggling at this hour. the stock, of course, tanking again early this morning. right now down another $1.52 at $32.51. that a nearly 4.5% slide. the next shots being fired in the war between washington and wall street. key hearing being held today as congress looks into jpmorgan's big loss. the sec promising senators it is going to investigate. >>> and machines versus man. standing up for the little guy. today we have major support from jim cramer. coming up, what needs to be done to level the playing field so the machines, the high frequency traders, don't end up screwing you. >>> sue herera starts our coverage at the new york stock exchange. sue? >> good to see you, ty. issue number one, you said it. facebook and the big mess at the nasdaq. shares down almost 15% fro

and whitney tilson told scott wapner he's been buying all the way through.rsal on a down day. it's just been on its own. netflix now up 0.04%. now back to you. >> thank you, brian shactman. the broader averages are all the disaster du jours. so we're going to skip that altogether today. we're going straight to sunshine. leapfrog is our sunshine stock. it's up around 15% today. and for the year it's surged or leapt, if you'll excuse me, around 85%. elsewhere, facebook's the it disrupter company as well. twitter as well. all created by men. in silicon valley there's actually a group of young women trying to give these men a run for their money. jon fortt is live in the tech novation challenge. >> got more sunshine for you, mandy. we have 20 young ladies here who competed in the challenge that culminated last night. actually, i'm here with tara who is the organizer, ceo of iridescent that helped put this together. tell me, why is this important to do? you're in your third year here. what are you driving at? >> we want entrepreneurs to bring their solutions and

let's head it over to scott wapner and the "fast money" halftime report. >> thanks so much. four hours to go until the close. here's where we stand on wall street. take a look at the major averages here. we're in the red, the dow industrials giving back almost 55 s&p. and nasdaq down 1%. so everything in the red right now. take a look, however, at gold and oil today. gold is poised to have one of its best days of the year, gold up nearly 3%. crude oil up, all be it slightly, 92, 95. let's get to the top stories we're following on the halftime show today. facebook fever. the biggest tech ipo ever is pricing tonight, and we are all over that story. should you buy shares when fb starts trading? and what are the risks to the business model? who could be the next facebook? we're breaking it down with the venture capitalist and tech expert, bill gurly. >>> plus, jpmorgan under fire. more pain for shareholders as the trading loss grows. >>> and monetizing mobile. it's clearly the next frontier. who will dominate it? apple, google, facebook or who else? we're breaking down that ques

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thank you very much. >>> scott wapner has a quick market check. >> all job sites are down.d stocks are taking a hit because possibly of the adp report. linkedin shares are under pressure here by about 2.5% on some reports that the site was going off and online. we posed a number of questions to linkedin this morning, including where is your site down, is it everywhere, when will it be back up, what's the cause of the outage. they've tweeted a response -- some of you may be experiencing intermittent problems with the site. our team is aware of it. we are working on it right now. stay tuned. again, carl, it is hard to say that the decline in the stock today is directly related to this report given the news of adp and given the movement in some other job related stocks. but nonetheless it is a story we're following. >> we've seen weakness in all over the world. >>> stocks finished high after the close yesterday. if you had invested six months ago $10,000 in the dow you'd have $11,200 today. how about some of those high-tech names though? 10k voofinvested in aol, you'd $19,000.

we were talking with scott wapner in the united states, despite what's taking place in the europe, he'sal equities and 30% is on u.s. indices. he thinks it won't fall sharply this year. what do you make of that position in stocks? >> well, i think the u.s. is clearly in a better shape than our europe overall, and think this is why you should utake advantage of this air pocket we're seeing. equities are cheap compared to bonds and think, you know, one of the things that i find attractive in the u.s. is the whole manufacturing. we've talked about it here for quite a while here with the competitive of the u.s. being very strong. we have a lot of around the shared gas and the car industry. there's a lot -- all this said, let's be measured because we have with the fiscal issues and the election a little bit of potential for volatility. so, again, there's those broad brush trends but at the end of the day it comes back to the stocks and think there's definitely selected opportunity between now and june in the global equity markets. >> good to have you on today. >> thank you. >> virginie maiss

of course, i think you mentioned earlier, scott wapner is going to talk to roubini sometimes in the "s that right? >> that's right. scott will have rube binnie here in 45 minutes right after her comes off stage. if you want hear the other side of why this euro collapsed in the early days and no such thing as an orderly default, stay tuned, as they say in tv world. >> judging from last night's dinner, sounds like that could get spicy, too. see you in a few minutes. >>> let's get to brian sullivan. >> i can't talk about what you just talked about but carlisle group down today but it is back below or i should say below its ipo price. so a company that makes its living taking companies public is not having a lot of success in the public markets. back to you. >> interesting. very limited price action overall since that thing went public. we'll see. talk more about that in a minute. >>> california public employees requireme retirement system. joe deer is a xheef investment officer for calpers. he joins us this morning from las vegas as well. thanks for being with us. >> hey, carl. >> sounds

. >> scott wapner once called me pre-enissues on the air because i happened to pronounce one of the trefrnlufrench guys famil correctly. >> we kid around with sarkozy. >> and every time we nevada -- >> it's never been nevada. ask anyone. >> and it was never holland. >> it is holland. that's the difference between a euro procenunciation and just knowing how to say a state in your own country. that's the difference. let's look at the -- and that's sad because its -- >> i'm going to take andrew's side on this one. >> nevada. >> no, on the hollande. >> you're not american either. >> i'm a foreigner. >> from a country populated by people that were thrown out. >> sorry, that was australia. >> that's right. all right p let. let's look at the ten year note. i can't wait to hear you -- he'll be there for a while, five years or whatever it is. >> are you going to say it as holland for the next five yearses? >> absolutely. anyway, there's the dollar board this morning. or that's the it ten year note. 1.84. there's the euro at 1.30. hoping for 1.20 by july. and take a look -- 1.20 looks a lot nicer on

scott wapner with breaking news. scott? >> thank you so much.n so much speculation about the fallout from the facebook ipo and what it could mean for the nasdaq. even amid reports that facebook may be considering a move to the new york stock exchange. here's what i can tell you. cnbc learned that nasdaq executives are making an aggressive behind the scenes push to try and stem the damage from the ipo. a source can direct knowledge of nasdaq's efforts says executives have made dozens and dozens of phone calls over the past several days to bankers, financial sponsors, companies that have committed already to nasdaq, and those that are, can a possible listing there. the source says nasdaq officials are, quote, concerned about the possibility of facebook leaving for the new york stock exchange. and believe the fallout from the ipo could have lasting impact on its ability to lure companies to list on the exchange in the future. still, the source does say nasdaq execs admit they won't know the true impact for months. a lot of speculation, as well, ove

stiller tells cnbc's scott wapner he was shocked and hurt. you don't look to hear that. there were no s.e.c. laws broken, nothing in violation. i'm stunned. i've always been transparent with the board and i think it's an overreaction. there's the statement. you saw this stock the other day. it finally came home to roots. >> david einhorn. >> he was with food. >> and now herbalife. >> when we talk about disney, what do we talk about? go back down. let's see. yeah, in demand media shares after the bell. the company's results beat the street as the internet content specialist revenues strengthened. wow. i don't even know that guy. that's why we're reporting on it. also lifted its full-year outlook. earnings and revenue beat the stre they saw a stronger output in oil. higher oil prices offset weaker prices in natural gas. they spun off from enron more than a decade ago. thank's what the "e" stands for. the shares dropped after hours. one more after the loser gulfport's energy earnings and revenues both fell far short of the street consensus. >> let's get a look on the street

scott wapner. >> right now everybody knows about mark zuckerberg's famous hoodie.t would have on the u.s. economy. jane wells is live in palo alto looking at the hoodie economy. going, jane. >> simon, facebook's old offices were in this building which now houses a company that sells, yes, hoodies. and this, america, is the new power suit. the $148 executive pinstripe hoodie giving new meaning to leadership style. a good gift for mark zuckerberg on this his 28th birthday? he is known to be a man of modest tastes, drives an acura, lives in a relatively modest house. has one unusual potentially expensive interest is hunting. here's a photo that he calls the great goat roast of 2009. maybe get him a cross bow. i asked for gift ideas on twitter. here's what i got. for his 2th birthday a 28% tax rate but he doesn't have that. a hoodie tux he'd do, shoes with laces? maturity from real don johnson, a shirt and tie from handicapper bill and a break from deckerberg's hood. here in silicon valley, if you look around, most tech workers are surprised anyone cares what zuckerber