>> disconnected. >> joe's working the social network for an introduction. but this is just one of the countless networks that pervade our lives. mathematicians define a network very simply: as a collection of entities that somehow relate to each other. many networks are man-made: communication networks, like the internet, telephone, television, and radio; transportation networks, from the airlines to country roads, freeways, highways, and railways; utility networks, elaborate power grids that stretch across entire continents. but most networks are not made by man, because they're literally a fact of nature. river systems and the bundles of neurological connections in our brains: these networks are all physical, describing a relation created by some physical connection, even if it's something like a cell-phone signal. but other networks are more abstract, almost virtual: social networks, networks based on relationships of friendship; food webs, networks based on feeding relationships between species; markets and economies linked together by the flow of capita

the social network now trading publicly and making lots of people very rich. good afternoon, i am tori campbell, facebook is now a publicly traded company, the day started off with a bang at the face book campus. we have team coverage, tara moriarty has expert analysis on the ipo, put we begin with alex savage live in menlo park to tell what it is look at the beginning of the day. >> we were not allowed to go on campus but from news chopper 2 we watched as hundreds of employees gathered in the courtyard to kickoff this historic ipo. >>> well, we -- we can tell you here that there was a huge crowd on hand, obviously this morning, a lot of employees here as facebook ceo mark zuckerberg, he rang nasdaq's opening bell at 6 6:30 this morning. the company began to trade publicly a short time there after. it has been a long journey and they mav they have waited a long time. we wanted to show you what it looked like. from up above you could see a huge crowd on hand to watch mark zuckerberg ring the opening bell. the company started trading after that. it has been a lon

talk about the power of the social network. and, again, people will get their first chance to buy shares of facebook when the market opens a little later this morning. we'll be regularly with you all day long counting this thing down. i'm live at facebook headquarters at menlo park. back to you guys. >> we'll keep checking in with you, thank you. >>> facebook's right on par with other tech companies in 1980, apple stock went for $22 a share. yahoo back in 1996 went for $24.50 a share. and in 2004, google stock sold for $85 a share. >> what is facebook going to possibly do with all this new money? well, the company's expected to raise some $16 billion on that ipo and one of the largest cash reserves of any nonbank public company. facebook has talked only in broad terms about how they actually might use the cash. but analysts believe it will likely go to buying, building, and hiring more people to continue its dominance in the world of social media. >> we will have continuing coverage of the facebook public offering throughout the

that's a bit of the power of the social network by the time facebook trades, it's expected to be well above that $38 price. where it goes from there, well, we'll be following that for the days and weeks to come. we're reporting live from facebook campus, back to you. >> all right, scott, thank you very much. the ipo making about 1,000 employees a whole lot richer. what they'll do with all that money, that's a good question. "today in the bay's" marla tellez also outside facebook. turns out they've started spending some of those big dollars. >> reporter: can you blame them, scott? that is right. good morning to you. this money, though, really more like monopoly money at this point. but you know what? it's already benefitting the local economy. in fact, what we found it is good to be a high-end retailer right about now. the sound of the bell has never been so sweet for facebook employees who in an instant are now millionaires. the company alone expected to rake in $15 billion, and that makes silicon valley as green as ever. >> it's that market unlike anything else i've ever seen. >> rep

the social network is going public today in the third largest public stock offering in u.s. history. the company will be worth more than $100 billion. wrist considerable skepticism about whether facebook can live up to the hype. >> i need to do something substantial -- >> in the movie version of facebook, it became a million- dollar idea. but today, facebook's value is topping $100 billion, shares beginning at $38. the third biggest initial public offering in u.s. history. facebook and the earliest investors are collecting $16 billion. but investors expect a lot in return. the social network has 900 million users. >> i'm on facebook on my ip ad, on my galaxy pad, my laptop, and on my smart phone all day. >> but what about advertising? >> i didn't click on the ads. so i don't see it as being profitable in the long run. >> investors are betting facebook will find a way. >> as an advertiser, i couldn't knock down the idea that these people know more about more people than anybody. it has to be worth something. >> facebook rewriting history again. facebook will be getting a $16

. >> the social networking company public this morning becoming one of the hottest and most valuable initial public stock offerings in u.s. history. mark zuckerberg rang the bell from facebook headquarters and became the 29th wealthiest person on earth. >> many employees and invited guests -- [ unintelligible ] sky 7 hd was over the campus and its so-called hacker's square this morning. zuckerberg wearing the hoodie is in the middle of the crowd. you can see employees taking photos and shaking his hands. >>> dollar signs the new friends of mark zuckerberg and company. ipo means facebook is worth 112 billion dollars. more than amazon.com and disney. amy hollyfield joins us from facebook headquarters. >> reporter: mark zuckerberg has the status update that all of us can only dream about he became a billionaire today here in an enthusiastic menlo park. mark zuckerberg rang the nasdaq opening bell remotely from his menlo park headquarters this morning in his trademark hooded sweatshirt. fellow workers say it was the perfect wardrobe choice. >> i think it is great. why change a thing it h

the social network giant goes public with the second biggest opening in history. the disappointment for investors tonight and who is really getting rich off the deal. >>> here's what people are talking about tonight. anticipation turns to embarrassment. the social network company with 900 million users ends the day right where it started. edward lorens has more. >> if you bought a share of facebook stock you are now 23 cents richer. ended its first trading day just above its opening price. >> we have basically a nothing percent gain, so they unveiled the great new starlet and she fell on the red carpet. >> mark zuckerberg made $23 million on paper. his company is now worth more than $100 billion, more than am aan, disney and starbucks. he rang the bell remotely from the west coast. >> in the past 8 years all of you out there have built the largest community in the history of the world. you have done amazing things that we never would have dreamed of. >> reporter: he made many people here instant millionaires. many of facebook neighbors. >> some hope they share the

the kids who invented the standard for social networks become billionaires. and a lot of others will get rich after redesigning the way the world communicates. but there are problems and questions. this afternoon we're going to run you through some privacy concerns, warnings for potential shareholders. should you play the stock? how does the website make money in the first place? we're going to answer all of those questions. but we're going to start with the pricing set for this afternoon before the stock starts trading under the symbol fb tomorrow morning at the nasdaq. our kayla tausche monitoring the relationship the company has with the street. kayla. >> the wall street wants this to be very core o graphed. they've been planning this for months and especially throughout this week as you've seen it very carefully ork straited. a price of $34 to $38 a share. under s.e.c. regulations a deal cannot price more than 20% above the stated range without refiling because otherwise it's a material change to financials. so with $38 as the high end, that means $45 is y

game. >>> it the social network was up and hold dollar on wall street. sional panels are reviewing the high profile stock. >>> here to help us understand it all is still, editor at large at moneywatch.com dot com. >>> what are wrong? >>> let's go back a couple steps. when a company goes public the company had has to file a bunch of paperwork with the commission's. after that filing analysts at facebook's bait this including the lead on morgan stanley cut for the say you can normally communicate that with clients. they save morgan stanley and other banks only sure the information with the big guys, the large institutional clients, hedge fence and mutual funds and not to individual investors. and because of that everyone is launching a lawsuit and an investigation. >>> they are trying to figure out whether it facebook's chief financial officer is coming into the light here. was it his numbers that had to be revised? yes it was. but they want to know if he communicated something beyond what he filed with these analysts. the deal is you have to put all the sa

he sabotaged our project, and he betrayed us. >> there were other social networking sites already there. it isn't as if you had thest idea. right? you admit that? >> that's a typical argument that comes from facebook that social networking existed at the time. >> right. >> we weren't individuals on separate sides of the country developing social networks unbeknownst to each other. we were teammates. we were partners. >> so how did you actually find out that he was working on a different project? >> we found out by reading the harvard student newspaper. >> so that's the first you realized. >> yup. >> what did the article say? >> it said to the effect, "mark zuckerberg launches thefacebook.com." it described a bit about it. we turned to each other, and we said, "isn't that the mark zuckerberg that's working with us on the same project?" >> so they sued, and in 2008, the case was settled out of court for a reported $65 million. but the twins have since appealed, arguing that facebook misled them about the value of the stock in the settlement. why are you pounding away at this when you're making so much money? >> this

and the social network's submission of public offering half of americans also say that the social networksking price right now too high. more than 40% of americans and adults log on to the site at least once a week so those most interested in investing in the company are under the age of 35. >> what do you think? >> you know, it's going to be interesting to see. i kind of do think it's a fad, but who knows? >> i think it's going to end up like e-mail in a lot of ways. younger generations are going to use it and use it and it's going to become normal. >> stay with us this morning. a controversial program that cracks down on illegal immigrants. it goes into effect today. >> at what it entails and why the leaders in both states are not thrilled about it. >> and a university student gets much more than her diploma when she walked across the stable this morning. >>> we are off to a rainy start. trouble on 95 where there's a crash right along the northbound lanes and there's another accident on 195 along the eastbound lanes of washington boulevard. if you are headed out to the beltway here's a

networks, they're selling themselves short. fbs tbs was not always the most cutting edge social network but they have consistently shown an ability to evolve in a crowd pleasing way. they have some of the best engineers out there. it's one of the most desirable places to work. most people there are going to be rich very shortly. so they are definitely a high-tech company. >> gautham nagesh with cq roll call. thank you for being on the "washington journal." >> when immigrants start to show up in significant numbers, which is somewhat the case in the 1820s and 1830s but really very much the case in the 1840s and afterwards, they're showing up into a political environment in which they're already qualified to vote as soon as they become citizens. just to give you a sense of the kind of politics we're talking about, this is an image from "harper's weekly" in 1858 around election time or just after election time, and it shows a saloon and a polling place. if you wanted to vote, you see the door all the way in the back. you had to go in there to vote. >> this week, from muncie, indiana ball sedate professor james connelly analyzes immi

. >> the social networking company public this morning becoming one of the hottest and most valuable initial public stock offerings in u.s. history. mark zuckerberg rang the bell from facebook headquarters and became the 29th wealthiest person on earth. >> many employees and invited guests -- [ unintelligible ] sky 7 hd was over the campus and its so-called hacker's square this morning. zuckerberg wearing the hoodie is in the middle of the crowd. you can see employees taking photos and shaking his hands. >>> dollar signs the new friends of mark zuckerberg and company. ipo means facebook is worth 112 billion dollars. more than amazon.com and disney. amy hollyfield joins us from facebook headquarters. >> reporter: mark zuckerberg has the status update that all of us can only dream about he became a billionaire today here in an enthusiastic menlo park. mark zuckerberg rang the nasdaq opening bell remotely from his menlo park headquarters this morning in his trademark hooded sweatshirt. fellow workers say it was the perfect wardrobe choice. >> i think it is great. why change a thing it h

mark zuckerberg revealed a new tool for the social networking site.uned when they sit down with robin roberts to learn what that is. >>> pepsi is tweeting to a new generation to music lovers. they are partnering with twitter to provide screaming videos of live music concerts on the social networking site. the company isn't saying which musicians will be featurerred. >>> college bound child is interested in playing sports? the coaches are coming to baltimore. you can meet the football, basketball coaches and also meet with the coaches and the men's and womens track and field teams. it starts at 11:30 in harbor east at the marriott. >>> maryland live casino doesn't open until next month. construction on the venue could affect the state. john leopold along with other developers will make an announcem about road closures. the southbound bw parkway interchange is set to close for one month while work is being completed. more information will be released at 11:00. the grand opening is set for june 6th. the city will provide information about changes to the

. >>> first facebook fallout new problems facing the social networking $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

. >>> both wall street and main streetd will be watching when the world wide social network that got the start in harvard dorm room, becomes a publicly traded company. thanks to its pricing at the stock of $38 a share, before selling a share, facebook has already reached record status as the biggest initial public offering in history by an internet company. the deal will raise the social networking giant around $16 billion in proceeds, and value the company at more than $100 billion. of course we'll have much more coming up in business. but first, now here is a look at other stories making news "early today" in america. >>> in north carolina, an alligator attacked a man who was just trying to capture the reptile alongside the highway, harmless, right? the victim was bit in the arm but amazingly only suffered minor injuries. he works for an aquarium and was called to the scene after a driver spotted the gator, which was eventually caught. unreal. >>> in rhode island, could be a breakthrough for those who are paralyzed. researchers at brown university released video showing a robotic ar

. >> it's important to all the social networks, it's the ultimate way of expressing themselves. our vision is that wherever there are photos in the social network is where we'll be. >> the service is free and there are no advertisements, so pixable is not yet profitable. its venture capital investors say the focus now is growing users. >> we want to see the users love of the product, that they're coming back every day, spending a lot of time on the site that this is a meaningful experience for them. >> but pixable faces lots of competition from other websites, facebook one of those recently, instagram, for a billion dollars, and it could use instagram to create its own version of pixable. >> we don't see this as a big possibility for them. facebook is doing an amazing job and has huge plans, and they have huge fish to fry. for them to be solely focused on one product like photos, wouldn't be the correct way for them to do their platform. >> pixable has 3 million users, it hes to reach 20 million within 18 months. at that point the company says they may consider selling advertisin

and also, there were a couple of chapters where i talk about the social network and how it is kind of dehumanizing us. tavis: i will get to that, i promise you. i am fascinated by that. i would like to your thoughts about the decay of our civilization and the evolution of our culture. we will talk about that in a second. let's start at the beginning. i am always fascinated by people's parents. there is so much to learn about our starts. we are who we are because somebody loved us, and the older i get, i'd add to that, or did not. somebody either loved us or did not love us, and that is why we are who we are, so you had a fascinating relationship with both your mother and your father. let's start with your mother first. your mother was a psychic, a pretty well known. she started out, trying to figure this stuff out, but you were teased about your mother and this gift that she had. >> when you grow up in it, you do not find it out of the ordinary, so i was shocked when the kids would say that. they used to call my mother in which and things like that. i was just talking to her about tha

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nation internet gets going, nay have the potential to rival the social media. >> the country has no shortage of home grown local social networking. funny name making a profit. that's 60% more than facebook. tencent boasts of a 700 million active accounts. it's the number one gaming online. it has a huge user base and comprehensive monitoring to monitor its sites. >> it enjoys a 50% market share but was pulled into a recent quarterly loss with its group buy business. huge market aside, these internet plays trade with a target because of market regulation and lack of sophistication. >> tlink probably have even weaker look in faisbocebook in theup. generally chinese advertising market, especially the new digital media market is at d way early station. >> china may not have an exact version of facebook but does off alternatives that is offlimits to facebook. >> and we should point out ten krent will reportortts earnings. down another 4.5% in early trading. >> have you got any thoughts or comments, you can i'm us at worldwide@cnbc.com. >> the company said it's expecting earnings to fall this line. they said it's container shipping un

why analysts say the social networking giant is steering into uncharted waters. >>> and yahoo shareholders giving the company an ultimatum, why they want the company's new ceo out today. >>> and check us out on facebook, search nbc bay area. >>> welcome back, everyone, and a good monday morning to you starting off the workweek. very nice temperatures. lovely live look outside from the south bay this morning. 4:44 right now. >>> yahoo's board of directors facing a daunting deadline later on today. here's the deal, a group of shareholders demanding the board fire yahoo's new ceo by noon. the issue, his resume. thomas has a degree in computer science, a degree thompson now admits he never received. shareholders sending a letter to the board calling it unethical conduct and claims if yahoo does not let him go, they will take legal action. >>> and there could be some resolution today to a high-stakes fight between two silicon valley giants being oracle and google. a federal jury in san francisco expected to deliver at least a partial verdict in a copyright infringement trial. this is phase one.

the social network share price takes another blow in trading. what it means for the company. >>> chevron under fire in san ramon. why activists are protesting the company as it meets with shareholders. >> also a security breach at a southern california airport has travelers on edge. how a homeless man boarded a plane without a ticket. >> for all your news, weather and all sorts of good things, come find us. we are on facebook. ar nbc bay a >>> welcome back. early out there on the bay bridge tool plaza. not a lot of traffic. as the day progresses and the sun comes up we know that will fill up. mike inouye will be here to tell us about that trend. >>> this morning protesters from the far corners of the globe will gather in the bay area. the target -- chevron's shareholders meeting. several groups plan to demonstrate today. protests are also planned this afternoon wrought side of the company's san francisco offices on california street. the protesters say chevron is destroying the environment. and point to an oil spill in brazil and an explosion on

the social network is blocked there, but founder mark zuckerberg is making it past the sensors. tv viewers caught a surprise cameo by zuckerberg and his wife recently on state-run tv. here it is. a few seconds of footage showing zuckerberg and chan walking behind two police officers was inserted into a documentary. zuckerberg and chan visited china in march. >>> china also appears to be the latest source of the apple tv rumors. for that and all the news before the bell, we turn to seema mody. good morning. >> very good morning to you. chinese media reports electronics maker fox con has begun production on the apple television set dubbed itv. the company was preparing for the device but then denied everything a few days later. analysts are divided over when apple could launch itv with some saying as early as january, while others say, hey, not until 2014. it will include voice recognition and face time calling features. in terms of the market right now, futures are trading higher, they appear to be taking the latest news out of europe in stride after spain unveils more detail abo

to try and show it off and that's the responsibility of the you so to understand with like see what they actually put into those social networks ok when you come in on that roman because i mean again you know each. growing up it's i mean it's the business world and personal social networking meeting and we should just get used to it. yeah i think i think the biggest challenge here is you know there are alternatives to facebook or there's google plus is making a huge push and trying to get people to come over right and instead of using facebook try to use their platform but the challenges are the same it's having users realize what they're sharing it's either public or not public and i think that's the biggest problem that people don't have this understanding and oftentimes a privacy controls are obscure oftentimes it's very hard to understand where where where the photo that you're posting is going to go and who's going to see it and i think that the changes are you for why it was only a new and is that go ahead terry jeffrey go ahead jump in to jump in here just for you cannot let your opinion on it obviously been in the poll

the social networking companies said they expect to sell stocks for a 34-$38 per share. eases the sign of high demand for investors to own a piece of the world's most popular social network. the ipo is the most anticipated in years and would value facebook at more than $100 billion. it is all supposed to happen this friday. a new poll suggests almost half of americans think facebook is a passing fad. they think the asking price is also too high. >>erica: here is was some of our viewers had to say. that thought >>mark: at the nation's parks and monuments, families will get free passes as a way does it figure for the men and women serving our country. the annual as is normally $80. >>darya: states 3 of the bicycle race begins today. costs >>george: the bike route is likely to affect local traffic. the race starts a 11:00 a.m. and expected to finish between 3:00 p.m. and 3:30 p.m.. >>mark: it is a beautiful ride. we will be right back as the kron4 news continues. never in my lifetime did i think i could walk 60 miles in 3 days. 60 miles in 3 days is-- is huge. if my mom can

the social network has 900 million users. od, an facebook on my laptop or my iphone all day. >> but what about advertising? >> i didn't click on the ads. >> as an advertiser, i couldn't knock down the idea that these people know more about more people than anybody. it has to be worth something. >> facebook rewriting history again. facebook will be getting a $16 billion tax break. brian mooar, wbal-tv 11 news. >> 50 degrees on tv hill. pad octor's prescription ma may soon become a thing of the past. >> we have a problem we are tracking along washington boulevard. welcome back. that >> welcome back. that is a beautiful shot. let's look the numbers. you might want to take a light jacket. 43 in frederick. 44 in york, pennsylvania. we will see a lot of sunshine. high temperature 76 degrees. we will come back in detail the forecast for preakness saturday. >> a new report finds more than one-third of the country's prescriptions are now electronic. >> doctors can now use computers to write prescriptions sending them to a pharmacy with

country as facebook headquarters in california, founder mark zuckerberg addressed employees of the social network that has 900 million monthly users. >> in the past eight years all of you out there have built the largest community in the history of the world. >> reporter: on his own facebook page zuckerberg posted "listed a company on nasdaq." then by remote he rang the opening bell. more than 570 million shares would change hands today. outside nasdaq, cynthia smith said it was a good investment. >> get in on the ground floor and you would be a fool not to get it, like apple. >> reporter: but others weren't calling their brokers. >> after all, facebook doesn't produce a product so one has to ask why so much money. >> reporter: after rallying briefly, the most anticipated new stock in years ended the day about where it began. was this a fizzle, in effect? >> this was not a successful i.p.o. >> reporter: max wolfe is an economist with greencrest capital. >> the average first day is about a 15% gain overall and in tech land it's larger, about 25% gain and we have basically a nothing percent gain. s

the social network is to be lost 11% of the value since last friday. those investors are blaming the lead banker for the ipo the nasdaq exchange and facebook itself. almost twice as many americans say they are worse off than those who did better during the obama administration. 30% versus 16. that's according to a abc news washington post poll. but more than half say they are doing about the same. apple is the world's most valuable brand. in fact a survey finds the brand's value rose 19% in the past year. 7 of the top ten most valuable brands were technology firms and a judge says palm wonderful health claims are not so wounderful and they have to tone down the ads. they say the benefit of pomegranate juice were not supported by scientific evidence. and that's your money. >>> now "good morning maryland." >>> with pen in hand goneor o'malley signs 300 bills into law today a look at some of the bills online and coming up. >>> all right

morgan and goldman sachs drummed up invest the sport over the social network stock in the run up to the i.p.o. put a price tag on it of thirty eight dollars per share while withholding information from the public about facebook's weakening growth you to facebook's expansion on mobile devices which means that they get to sell less ads those are the allegations needless to say that the shares plunged in the coming days that now stabilize that around thirty two dollars those who lost are those who bought at the initial offering price price put forward by morgan stanley j.p. morgan and goldman sachs as it happens on wall street somebody made a killing certainly not the small investors who believed the assessment of those companies it looks like it's going to be a long process the law here is tricky as to what could or could not be considered as withholding information but many are sure that the excellent lawyers of those banks will certainly find a way out of this after all of those banks namely morgan stanley j.p. morgan and goldman sachs pulled off much more complicated schemes the ones t

the social network going public on the nasdaq tomorrow. price range expected to be as much as $38 a share. >>> fbi now says one man is responsible for mailing more than 380 letters laced with white powder. the mysterious letters have been sent to addresses in 48 states. officials believe they're all coming from one man in north texas. tests show the powder, by the way, is not dangerous. but officials believe the mystery mailer is now targeting daycare centers and schools. the fbi is offering up to $150,000 to information leading to an arrest. >>> protests outside the alabama state house has lawmakers approve a new bill to revise the controversial immigration law. the new measure would make the nation's toughest immigration law even worse, critics say. >>> a collision at sea between an 844-foot u.s. navy assault ship and a refueling tanker happened yesterday in the pacific, 120 miles off the coast of southern california. a navy spokesman says the uss essex was approaching the tanker to refuel when it apparently lost its steering. both ships

of breakups. -- the social networking sites. s. divorce attorneys found a rise in the number of cases using social networking. live at bloomberg headquarters in new york, linda bell reporting for abc 7 news. back to you. >> thank you. 5:51. one-third of divorce is related to facebook. everybody knows your business. >> a lot of the evidence they gathered, the information for the divorce, a lot of it is on facebook, i think. >> jennifer donelan recently did a story on facebook adultery. people reaching out to old flames. maybe than as something to do with it. there's more rain on the way. >> it's ok right now, just a few light sprinkles. the very unsettled again today. that pattern continues for few days. there's a boundaries set up in the atmosphere. the firing line of showers yesterday, heaviest in prince william county and loudoun county. there were flash flood warnings yesterday evening and last night. now just a few sprinkles left over near chantilly, south of dulles airport, and restaurants fairfax county near centreville, an

roadshow continues this week a co-founder of the social network has changed his relationship status with the united states we'll give you our three cents but first your closing market numbers . wealthy british style dogs that's not on right with. the markets why not. find out what's really happening to the global economy with my stronger for a no holds barred look at the global financial headlines tune into a report. on . more news today violence is once again flared up the film these are the images the world has been seeing from the streets of canada the for showing up for a shelter on the day the be. welcome back we're talking about jamie dimon and about how the same extractive principles can be seen from a too big to fail huge risky trade made by j.p. morgan along with the terms of a bailout and greece or another debt strapped euro zone country let's talk to jamie dimon though for a second because i want to get to this great op ed that one of our guest jam records wrote it's out today and he says jamie dimon had an ounce of decency he would resign now not because his acts were crimina

tonight council members are expected to vote on whether the social networking company can increase the number of employees by more than 3000. there's concern that more workers would increase the traffic in the area. >> 1 bay area lawmaker wants to cut down your share of the cost of pg&e multiple billion dollar pipeline upgrade. the utility plans to build ratepayers for most of it. but having $200 million fund set aside for state fines related to the deadly pipeline explosion in san bruno. jerry kill has introduced a bill that would put that money towards the pipeline project. under current law, it would go straight into the general fund. >> this means that people in los angeles will benefit some increased state services from pg&e ratepayers in northern california. this does not make sense. >> he claims that a law will save ratepayers more than half a billion dollars .. >> tonight we're learning more about the soldier killed in afghanistan over the weekend. a u.s. army team carried the remains of the specialists to dover air force base in delaware. and tonight his company commander call

they have also announced they are decommissioning space book, the social networking site for nasa employees we have lost the space book race! (laughter) this is the worst news in interstellar social network since the downfall of my myspace.com. (laughter) according to an internal nasa memo, participation been as high. on average, only 14 users log in per weekday and zero on the weekend. yes, space book averaged zero users on the weekend. some weekends three users logged in, others, apparently, negative three. (laughter) although it is gone, i'm certainly glad we had space book for as long as we did. i will never forget as a child being inspired by neil armstrong's famous status update "small stepping, giant leaping, hashtag man time" (cheers and applause) nation, if there's one thing we can all agree on is that half of us won't agree on even that. (laughter) liberals and conservatives don't see eye to eye on anything. if fox news says that water is a liquid the "new york times" will do three columns on how hydrogen is a gas and oxygen is openly gay. (laughter) with neither side wanting to g

the value of the social networking company is down $40 billion. >> the hype around the facebook ipo is like the average facebook profile picture. way sexier than the real thing. >> a new twist in the columbian hooker scandal. >> the agency is claimed they're being made scapegoats for behavior that's long been tolerated. >> the director of the secret service will be testifying before senate homeland security committee. >> obama committee released an ad calling president number one in job creation in colombia. >> turnout expected to be high as egyptians are voting in their first free presidential election. >> a homeowner's lawn becomes a wrestling ring. >> yes, that's the heir to the british throne, getting a lesson in deejaying. >> just his schtick, you know. i say that's why his [ bleep ] got schtuck, you know. >> i think you're wonderful. >> a couple in kansas celebrated their wedding day with a tornado in the backdrop. >> on "cbs this morning." >> dc comics are announcing plans to out one of its major super heroes next month as openly gay. >> look at that. coming, honey! >> i wish. >

roadshow continues this week a co-founder of the social network has changed his relationship status with the united states we'll give you our three cents but first your closing market numbers . what drives the world the fear mongering used by politicians who makes decisions to break through it's already been made who can you trust no one who is going to be you who with the global machinery to see where we had a state controlled capitalism is called sessions when nobody dares to ask why we do our t.v. question more. you know sometimes you see a story and it seems so. you think you understand it and then you glimpse something else and you sure see some other part of it and realize everything is ok. i'm charging the is a big issue. here is what you consider a. buck and they alone a fellow will get the real headlines with none of them are the problem with the mainstream media today is that they're completely disconnected from the viewers and what actually matters to those viewers and so that's why young people don't watch t.v. anymore if they want news they go online and read it but we're tr