] >> in a nondescript t-shirt at a nondescript desk, mark zuckerberg runs a vast global empire, leading the whole internet in his direction. is the goal for you to conquer the whole internet? to own the internet? >> well, think about it like this. people--if they can use a product of any category--photos, music, tv, anything--either by themselves or with their friends... >> mm-hmm. >> i think most of the time, people want to do those things with their friends, so-- >> so is the answer "yes"? [ticking] you describe bill gates in very harsh terms. um, you've described him as being quite abusive. i mean, it's not a pretty picture. >> and i felt like when i wrote it, i should just tell it like it happened, in an unvarnished way, warts and all. >> you'll hear how the two high school buddies who started microsoft and a computer revolution had some pretty trying times along the way. do you think he came to think that you weren't working as hard as he was and it became a source of resentment with him? >> well, i think he was always pushing people to work as hard as they possibly could. >> you i

proud of it, a few honked this morning. the co-founder mark zuckerberg is expected to become the 29th richest person on earth with this ipo he will sell a portion of his shares today for more than a billion dollars. if you average out all of the shares the employees each one gets an average of 2.9 million dollars worth. some of -- facebook has given us a look at some of the employees. now facebook will be answering to its shareholders. we asked a tech expert how this will change your facebook experience? will you see changes to your facebook page? >> facebook is growing up. i don't think that change is going to be one when we look back we'll regret it is going to feel like facebook has come nights own with that infusion of cash more than four times the revenue they had last year they aring about going to be able to bring more of the best and brightest to make our experience a better one. >> reporter: here's some perspective of this day, two billion shares blow other trading numbers out of the water here's a list of some google 250 million on its opening day, groupon nearly 50 mil

ann mackovic, and she takes it now ... >> mark zuckerberg is set to ring the opening bell on the nasdaq in half an hour at 6:30 a.m.. a lot of anticipation at facebook headquarters in menlo park. you just saw that a group of employees gathering inside. a lot of them have been here all night at an event they call a hacking marathon. the released photographs of that marathon coating session showing the company is ready to expand and is not resting on its laurels. facebook officially goes on sale at 8:00 a.m. our time, two hours from now. the price is $38 per share. it will be worth $104 billion. that is more than mcdonald's or disney. early investors stand to reap $14 billion. mark zuckerberg is worth $19 billion at 28 years old. he will control 56 percent of the company's voting shares and what to make decision very carefully. >> the other challenge that it will have is keeping their employees. when you have a lot of employees, as the company gets bigger, and have made a lot money. but often decide to leave and do their own thing. >> right now facebook makes a% of its money from a

mark zuckerberg remotely rang the opening bell on the nasdaq on friday. alison kosik, and flees a taylor at the new york stock exchange where she's been talking to traders. and three men who invest for a living, we'll ask them if facebook is a good investment for you. ed reilly, ted shapiro, an early facebook investor, and matt mccall, president of the penn financial group. >> dan, let's start with you. let's leave the stock aside for a second. that's a big topic, but this is about the company. it was amazing to see thousands turn out in menlo park to see mark zuckerberg kick off facebook's first public trading day. talk about the mood there and how it happened. what happened to the mood when that stock failed to soar like expected? >> well, first of all, as you can imagine, still conn valley was buzzing over this stock debut for weeks. so much anticipation, all across the country. but here, you know, you could just feel the environment. you could feel the electricity. i did speak to a facebook executive about mark zuckerberg ringing the bell. he said the energy in there was off t

, where mark zuckerberg remotely rang the bell friday. new york nasdaq in new york and the new york stock exchange where they have been talking to traders. three trading we'll ask whether it's for you. crying shapiro, investor with the collaborative fund and an early facebook investor, and matt mccall president of penn financial group. >> dan, let's start with you. let's leave the stock aside for a second. that's a big topic. it is about the company. thousands turned out at menlo park friday morning to see mark zuckerberg kick off the first trading day. talk about the mood there and how it happened. what happened to the mood when the stock failed to soar like expected? >> first of all, as you can imagine silicon valley was buzzing over this stock debut for weeks. so much anticipation across the country. here you can feel the environment. you can feel the electricity. i did speak to a facebook executive about mark zuckerberg ringing the bell. he said the energy in there was off the charts. it felt like a rock concert, especially after coming off an all-nighter. they had a hackathon where t

called it a hackathon led by ceo mark zuckerberg that kicked it off by saying we want to focus on the future, not just the ipo, those people, his employees, gave him a standing ovation before kicking off the hackathon. back here at campus, it was a steady stream of people coming in to work early this morning. by now, pretty much everybody is here. you imagine they don't want to miss this. the company has been going for eight years, these people work very long hours, they have built this company and as of today they will reap a very big financial reward. again, more than 900 million users on facebook. today the very first day that those users will be able to actually own a piece of the company. scott, i'll send it back to you. >> and scott, we're seeing pictures from our helicopter, as well. i can hear the helicopters above you. this is not going to be the biggest ipo in the bay area history, but there's an excitement here, and i think we're seeing -- i'm not sure who we're seeing there. an excitement that we just didn't see. visa, for instance, was much bigger. it's a san francisco-ba

, what mark zuckerberg's hoodie is really telling wall street. is it a sign of immaturity or a change in the times? >>> and they serve their country but now they're struggling to pay the bills. the financial challenges many veterans are battling next. i'm freaking out man. why? i thought jill was your soul mate. no, no it's her dad. the general's your soul mate? dude what? no, no, no. he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a totally new investing dashboard. everything is on one page, your investments, quotes, research... it's like the buffet last night. whatever helps you understand man. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the new 360 investing dashboard at e-trade. >>> facebook is set to go public this week in what could be the biggest ipo in history. investors and fans are all abuzz but should you buy facebook shares? maybe the better question is can you even buy facebook? suits, meet the hoodie. facebook's mark zuckerberg gets rock star treatment on his company's road show, but should

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 has worked so far. >> reporter: the big moment treated a lot of excitement in menlo

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 has worked so far. >> reporter: the big moment treated a lot of excitement in menlo

sls63. >>> in less than a half hour mark zuckerberg will ring the opening bell. ktvu alex savidge is in menlo park with the largest initial public offering in tech history. >> reporter: at the end of its first day as a publicly traded company facebook could be worth $100 billion. the company staying quiet this morning ahead of the historic ipo. as you take a look behind us here the parking lot is full. anticipation is building here for facebook's market debut. a lot of activity here. ceo mark zuckerberg will be ringing the opening bell remotely later on in the morning. many employees here have been here all night. they spent the night doing something called a hack-a-thon where they write code throughout the fight. these employees are free to work on new projects. it's an effort to show investors that the company is committed to developing the new products. zuckerberg talked to employees and answered their questions. this ipo will make instand millionaires of about 1,000 of those employees. many wondering how high it may go. we pose that question to the director of social products at

them hell if they checked their prices at work. can a young ceo like mark zuckerberg resist the pressure? and he said, it's the people checking the stock price. >> we saw it at ebay and shutter fly. and it's about telling them it's not end of the journey. it's just the day in the life of the company. it's the time to celebrate but we have to get back to work, we have customers to take care of. it takes care of the culture and you have to think about it. >> is there a point in which you -- all of the sullen, i'm a very rich man but i still have a boss. does that dynamic change? if i don't need you as boss, wait until i'm invested, there is a dynamic that changes. i'm nice to my boss because he pays me. >> certain people that is true. you will see people lose interest and see people do things and great corporations, we will figure out a way to go. but there are people that are motivators more than just money. and those people f you keep lifting the bar, they rise to the row occasion. i think it's about hiring the right people with the right mind set. >> it seems like most people i

business carrying another country's pay load. >>> also, mark zuckerberg's sister sending him a message on the eve of facebook's public offering. what she had to say. >>> and hopes of getting in on today's ipo. our facebook ipo coverage continues all morning on "today in the bay." >>> and for all your news, weather, traffic, and ipo action, check us out on facebook. i guess that makes sense. just search nbc bay area. we've got it. i was told that i was at@risk for sudden cardiac death. i was 23 years old. i wasn't overweight. i never dreamed this would happen to me. when the doctor told me i had three blocked arteries, i felt like i was punche in the gut. i found out that one in three women die from heart disease. how did i not know that ? >>> good morning, everybody. how are you feeling on a friday morning? we give you a live look from new york city. that is time square. look at that nasdaq board. and, yeah, a lot of things happening right here in the silicon valley, going to be pumping that juice out there in new york. facebook going off. it's 4:45. >> big ipo, facebook all the talk this

zuckerberg's age and he says i'm terrified for mark. jon and laura, we're going to take a look at that. >> what than interesting perspective he will have. thank you very much. >>> this morning, a facebook co-founder lashing out against senate democrats accusing him of skirting u.s. tax laws. he recently gave up his u.s. citizenship saying his decision to live in singapore is purely personal. but some u.s. senators say the move means savron will pay fewer taxes than if he stayed a u.s. citizen and sold his shares after the stock sale. in a statement he says, i am obligated and will pay hundreds of millions of dollars to the united states government. i have paid and will continue to pay any taxes due on everything i earned while a u.s. citizen. there is a law on the books that keeps people from setting foot in the u.s. ever again if they renounce their citizenship for tax purposes. but lawyers say it's never been enacted because it's hard to prove. plus, the irs is not supposed to reveal tax information. >>> and we will have continuing coverage of that public offering throughout the enti

>> there are a lot of questions about this. good afternoon. facebook started out first with a record evaluation at well over $100 billion. the $50 billion more than ups. but not getting the big pot that a lot of people expected. reference started trading it was at a break-even point at $38 and rebounded 9% but has since fallen back. as you can see. just under 3%. most expectations were for a 10% gain today but there are a lot of questions about facebook regarding their financial. at the current evaluation it is treating 100 times over its earnings. that is a staggering number. for instance apple, the most valuable company in the world at $500 billion currently has a multiple of 13 times. clearly facebook has to prove that can grow its bottom line more so than just its user base. it has problems with advertising, especially on the mobile side, they admitted they do not make as much money on the mobile side. also collateral damage on several other social media companies, linked in, groupon, all trading significantly lower. the maker of farmville and other popular games halted after it fell 13%, up tripping circuit burgers at over 10% .. once again, halted for a second time in treating lower by 30 percent. tied very closely to facebook. investors all around want to see the social media companies prove that they can make money in the future. back to you guys. >> thanks. it is not too often that someone can have the status update on the facebook page. the ceo status read " mark zuckerberg listed a company on nasdaq ". as of last checked the company had 400 likes. >> facebook employees joined him in the celebration this morning at the company's headquarters and to continue live team coverage with ann mackovic in menlo park. what is the mood like outside of the campus? >> it is actually pretty chill, there has been no announcements or public statements from anyone who works here at facebook and have kept a tight on the media coverage. but we know that employees can to work early to celebrate this ipo. >> the nasdaq opening bell rang at 6:30 a.m.. mark zuckerberg did the honors from facebook headquarters about 200 employees looked on, gathering in the menlo park campus as seen from chopper 25. and as cop worth of mark zuckerberg would soar to $90 billion, many of his employees became millionaires this morning as well. >> it is fun and exciting. he can take a picture of the facebook sign today, knows what it is like for facebook employees. he works for linked in which went public last year. >> it was a celebration. a lot of people say lot of hard work for these guys. they have been working very hard to build the company up. >> the stock started at $30 per share and is expected to ride the roller coaster of pricing all day. piquing interest around menlo park. >> my friends were talking last week whether or not we would buy. i'm not a big investor or anything but it is something that is interesting. it is so big you just want to be a part of it. as for a couple hundred dollars. >> 18% of the company is on the market. mark zuckerberg pills will own 56 percent of the shares. on his system page he listed fb on nasdaq. for the rate hike. >> i'm thinking about getting my own stocks. >> the pr people have said there will be no public events. and no celebration for workers but you can bet that they will be partying after work. >> thank you. how could face up continue to thrive as a publicly traded company? >> the executive director of c- net joins us with what is next for the new kid on the block. what do you think? >> this is where the pressure starts for facebook. they have to continue to prove to shareholders. their focus is shifting now, and someone is going from users, to shareholders because, like we mentioned, the have to make money. they need to prove to wall street that they can make money. and i think that you may see some significant changes to facebook over this next couple of months and years. >> what are those changes that use of my see? >> there's no question that you'll see more advertisements on facebook. you just have to. and because they're not making a lot of money on mobile advertising it will have to figure out a way to maximize advertising on the website. there has also been speculation about whether they will charge people to use a stock. i doubt in the short-term, and i doubt that it would ever just charge people to use the website but i would not be surprised if, in the next year or two years, they start charging for premium features. maybe photograph storage for uploading videos. something like that, or they can make a little bit of extra revenue. that would be a big test for facebook to see if users go for that or go somewhere else. >> a lot must not go on facebook on a laptop, but with a telephone. so that will have to fix that up a little more because there's not a lot of advertisements when you use a smart-phone and i think that will change? >> that is a big problem. on our website you could have seven different advertisements but on a mobile phone you can maybe have one and right now facebook has none. they definitely need to figure out how to make more money on mobile advertising and they need to make the mobile application better. that will be a huge area of focus for them. >> this changes the game for some of the employees, will be hard for the company to keep those employees? >> you will definitely see a short-term exodus. there will be a lot of people that probably stayed at facebook while it was exciting, waited for the ipo, and now they will cash out and move on. that said, i don't think facebook will have any problem attracting employees and new talents. but you'll probably see some people, maybe even on the executive team, moving on in the next few months. >> all eyes are on this because it is like the superbowl of the stock market. and it is up by 1.3% now, just over 38 which was the offering price in the first place. >> that is an interesting development. some people say that means that facebook accurately priced its shares. that they did not leave money on the table. in some ways that a point to mark zuckerberg being a pretty good businessman. so that is a possibility but there are so many companies that depend on facebook, i am sure thethey were hoping for more excitement. which would have boded well for future ipo. >> remember to stay with cbs 5 in cbs says that throughout the day for continuing coverage of the facebook blockbuster ipo. >> facing the toughest vote of his life, jurors began deliberations and the john evans case. >> new evidence released in the trayvon martin shooting death. what a police report now reveals about the conversation? 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[ female announcer ] check out yestoleaf.com and learn how to get a nissan leaf for as low as $25,200. >> a cement truck driver was killed in a collision with a big rig in fremont this morning. the accident happened around 830 a m. police say that the truck driver died in the crash while the big rig driver was hospitalized with non-life threatening injuries. investigators urged drivers to avoid that area. a san fransisco attorney might need to represent himself. dublin police have arrested spencer smith following a hit and run crash that killed a bicyclist. investigators found a black mercedes with damage to the windshield and front and at his home in san ramon. the 57 year-old bicyclist was believed to have been visiting dublin from china and was killed tuesday night's one doherty wrote. >> jurors deliberating in the corruption trial of former presidential candidate john edwards. so far they have asked to see several exhibits to help with their discussions. edwards is charged with six criminal counts including conspiracy to violate the federal election campaign act. he faces up to 30 years in prison and $1.5 million in fines if he is convicted. >> we're seeing close-up evidence being presented in the trial of the murder of trayvon martin. surveillance video shows the victim buying a snack. crime scene photographs include zimmerman's facial injuries, is gone, and martin cellphone. recordings reveal witness reactions. >> one guy on top in the black hoodie was pretty much just throwing down blows on the guy. pan am a style. that pounding him on the concrete. >> prosecutors also released a recording of a phone call between martin and his girlfriend moments before he died. the girl told investigators that the teenagers sound scared. >> leaders from the largest economies will focus on the first and third world problems at the g. 8 summit being held at camp david over the weekend. they want to stop european financial crisis from spiraling out of control. analysts are worried that if greece dumps the euro it could destabilize other weak european countries. the president is also announcing $3 billion in private donations to end hunger in africa. >> governor jerry brown appeared on cbs this morning, while there he had an in-depth conversation about california's $16 billion deficit. >> we're making some very drastic cuts. in almost every area of state government. hawks so we are going to start living within our means. something that has not truly happen for the better part of 30 years. >> the governor says that if voters do not approve his tax hike that more cuts will be built into the budget. well, from bay to breakers to a fire in the sky. the events that you will not want to miss this weekend. >> but first, no horror movie here. these are taking over a major league baseball game. >> the only thing that could >> the only thing that could mess,,,, great. so, you're all set up. what's going on? installing cable. you know this is an ikea, right? yes, but look at this sofa! it's so comfortable. we don't want to leave. have you been living here? can i have dinner at michael's house? they're having meatballs. don't be back too late. you know it gets dark when they shut off the lights. okay. i can stay. you know, you can just buy the sofas and take them home, today. for a limited time, get up to 15% back on select seating. >> take a look at this, then you may want to take cover. a giant swarm b. delayed a game, it was the buzz of the ball park. at the bees had to be vacuumed. and they found a better home for them. eventually they got to play a little baseball. >> just a few months ago bees swarmed at the airport in denver. >> i've seen a lot of uses for those vacuum's by never thought about these before. how do they do it without any protective gear? that is amazing. we are in for a great weekend. don't want to talk about rain and it is not going to happen. a lot of sunshine outside. just some patchy fog and that is it. already working on a nice day. 73 degrees right now in concord. 72 in livermore. 74 degrees in santa rosa and 70 degrees in san jose. as we had throughout the day we are sticking mostly sunny skies, just a little breezy at the coastline, nothing like what we had yesterday. tonight may be some patchy clouds but those will be along the coastline and as it, mostly clear skies england and then senator looking seasonal. high pressure sliding in across the bay area as we head through the next couple of days. that means temperatures will be coming up a few degrees and we will see less winthrop the weekend. it will be fantastic. the pollen count moderate. grasses and oak, pa one blowing around the air. but the wind has subsided since yesterday. 60 degrees in daly city and 67 in burlingame. 70 in san mateo and sunshine 72 degrees, very comfortable temperatures in the south bay this afternoon. 76 degrees in campbell and 74 in san jose. a high of 80 degrees in gilroy. more eighties over the weekend as high pressure continues to build in. the rich will strengthen and the masters will be popping up very nicely. today 79 degrees in walnut creek and 67 degrees in alabama and about 69 degrees in oakland. plenty of sunshine there. as you make your way into the north bay, some others in the upper seventies. 76 in santa rosa. 73 in san rafael and plenty of sunshine in san fransisco, 65 degrees downtown and 60 at the sunset. a bit of a breeze towards the afternoon. over the next couple of days the ridge of high pressure building in nicely, mid 80s in the worst spots, koula tumble along the coastline with highs in the '50s and '60s and course a lot of festivities. the bay bridge series going on between the giants and the a's. and do not forget, we have the clubs that will be taken place, a solar eclipse on sunday afternoon. and this is going to be special. we have not seen anything like this since 1994. it begins 5:16 p.m. sunday, the mass will come at 6:33 p.m., there may be some patchy fog along the because one but otherwise mostly clear inside of the day and valleys. >> i have a question. how do you watch it? >> you don't want to look directly at it, you can take a piece of paper or cardboard, poke a hole through it with a pen and put another piece of paper behind it and you'll see the eclipse. to not look directly at you convert your read that out. even though it will be mostly covered that is still putting out a tremendous amount of what that can literally fry your eyeball. >> i remember my third grade teacher telling me that. >> i used to teach third grade. >> thanks. bay area baseball fans can gather at one place this weekend as the region's two major league teams go head-to-head. >> i will be at the game tonight, cannot wait. the a's and giants will meet for three game series. beginning in san francisco, starting tonight. first pitch 7:30 p.m.. the a's have a slightly better record this season and both teams are in second place in their division. >> . mob of thousands will descend on the streets of san francisco this sunday for the 101st bay to breakers. the 12 km run takes racers from front street downtown along a street, to the great highway, customs are optional, but highly encouraged. lawrence is getting ready for the run? >> six years on the throne is reason to celebrate. >> what the royal family is doing today ,, [ female announcer ] safeway presents real big deals of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. right now, arrowhead water is just $3.33 a case. heinz ketchup is only $1.79. that's for the party size. real big deals this week and every week. only at safeway. get the new safeway app. it's free. >> today's tip of the day will be honeydew melons. i see that the market in big displays with great prices but here's the key, unique to select and store them right because they are imported. they're not grown domestically. but if you kick them out right, the flavor is incredible. let's talk about the election. when you buy them you want to make sure they have a nice creamy color. not to green. a light cream color, and you wanted sticky, that means it is fresh and loaded with sugar. if it is to smooth and do not buy it. when you bring them home you want to put it in the refrigerator. stories on the counter. the longer you have them on the counter the more right they become. other mellon's, when they're picked the sugar content stops but this continues. but when they're used to want to put them into the refrigerator right away. honeydew melons, in the market. just make sure you do this and have a nice feel, then in july. i'm your fresh grocer. always remember to eat fresh and stay healthy. i will buy a couple of these right now. >> queen elizabeth had a few people around for lunch. and by which we mean that roils from bahrain denmark, luxembourg, and brunei. >> it is the largest gathering of four royals since prince william mary kate middleton. it was held to mark the queen's diamond jubilee. >> that kind of looks like your luncheon? >> the food was not quite as fancy as mine but close. >> there's hope for those that have been tough on their bodies. >> and health watch, a dye pack and turn back the clock and restore your body.

and coding their different projects. and tomorrow morning waiting for mark zuckerberg to ring the opening bell. the upper in the range, but not beating the range. everyone has been wondering where the stock is going to place. no matter what, it's going to make a lot of people in here a lot of money. >> bob pisani, you wonder what this will do to the market's mood tomorrow, especially when with close down 155 points on the dow tonight. the nasdaq down 2% on the day. can the market be placed on facebook's shoulders tomorrow and go higher? >> no. i don't think that the market is going to turn around on facebook. it's got a lot bigger concerns. i'm happy about facebook. it's got people talking. it's got people excited. and i hope it does well for everyone, because i want people to do well in the markets. that's what we want here. but i'm a little more concerned what is going on overall in the stock market. and we simply dropped dramatically in the last half hour. there has been no buying at the 11:30 close after europe for a week now there has been no buying in the last hour. we simpl

this ipo. we'll be live in menlo park at mark zuckerberg rings the nasdaq opening bell remotely at:30. 6:40 reaction live from wall street. >>> -- on the flip side, silicon valley buzzing with reports that hewlett-packard is reaping to -- is preparing to lay-off 30,000. reevaluateing business model and may get back into the tablet business. ceo meg whitman has combined computer and printer divisions which are losing money. the lay-offs could save the company more than a billion dollars. she is expected to announce the lay-offs next week. >>> pg&e crews in novato trying to fix downed powerlines teetering dangerously over homes. the lines knocked out power to 7,000 in the area. 500 are still in the dark now. the power pole is at a precarious angle most likely caused by yesterday's strong winds. people have been warned to stay away crews expect to have all power restored later this morning. >>> a's owner wolf says he remains focused on moving the team to san jose even though mlb says there is no timetable over resolving a dispute with the giants. yesterday commissioner selig said it was

optimistic. i see the cap table of a lot of startup companies. mark zuckerberg's name is never on a cap table. that's unlike virtually any other executive founder certainly in silicon valley. it shows me that he's laser focused on growing this business. and the second is, you know, i read yesterday about mark's influence in bing's redesign, integrating social into the search. he participates in the hackathons on facebook. it shows me he understands the product and where it's going. very different from yahoo! and other businesses that are available to investors. >> craig, thank you so much. it's interesting to me the one -- go ahead, ned. >> one comment. craig, i don't know if you were there or not. i know another inventor, and i would call mark an inventor. another inventor many years ago got laser vision on one particular product and drove the company right into the ground. that was something called dr. lamb back in polaroid when he came back with a polaroid camera. amazingly he's right. he drove that company into the ground because he spent so much on the product and couldn't make it

. this morning, mark zuckerberg rang the nasdaq opening bell from a huge party at facebook's california hq. the initial public offering is the largest ever for an internet company. it raised $16 billion and valued the company at more than $100 billion. henry, welcome to the show. >> thank you for having me. >> there's lots to talk about as far as the business model here and the valuation. but i thought about this. i'm skipping right ahead to the story of an american company. and sort of what this represents for us. i mean, i think we all watched the big party this morning when zuckerberg rang the bell and it is really the story of mark zuckerberg, the kid who invented this in his dorm room has come full circle. >> it is a great american story especially given the troubles in the economy for the last few years. it's wonderful to see this. company was a coding project in a dorm room eight years ago used by one-eighth of the population and an extraordinary business, as well. >> a lot of people have some -- people have said some unkind things about mark zuckerberg in the years si

of the world's financial stage. just like zinc up one the opening bell, mark zuckerberg will do the same from facebook company headquarters in menlo park tomorrow morning. marking their transition from a private to public company. facebook is expected to be worth around $104 billion. many of the employees will become instant millionaires, as for mark zuckerberg who famously started facebook in his dorm room at the age of 19, he stands to be worth $19 billion. that will make him wealthier than both of the co-founders of google. venture capitalists peter steele, the chairman of the board plans to sell shares to make $640 million. mike, runs a start up in palo alto. he believes that much of the money raised tomorrow will be plowed back into other start- ups. >> i see a lot of the rising of angel investing. a lot of these employees will give back to the community, perhaps funding other start-ups. >> this is an incubator for the next technology generation. >> definitely very inspiring for all of us. >> many today are hoping to be the next facebook. >> it gives you that extra motivation and drive that you need to maybe cram the numbers of the extra hour, or go to the after meetings because who knows what could end up being the difference? >> as rich as a few people here are going to become, there are many people here that believes it will not go to their head. remember that these are engineers, very practical people. in fact one of the younger entrepeneurs said that it was talking to a friend here who says that they're going to party all night long, and then at 6:00 a.m., they're going to ring that bell, and then go to sleep and it will be just like another day. >> the facebook ipo has made mark zuckerberg b-29s most rich person in the world. coming up at 6:30 p.m. we will hear from a man behind the world's most popular social networking company. >> just as the facebook ipo is coming, wall street is on a downward spiral. the dow saw its 11th loss in 12 days, dropping 156 points. the nasdaq fell 60 and the s&p lost 20. >> major layoffs for hewlett- packard. reports say the silicon valley company plans to cut as many as 30,000 jobs worldwide. that is about 10 percent of the work force. this is part of a restructuring plan expected to take at least one year. >> he spent seven days injured and alone on the side of the road. but tonight a man that crashed his truck off of highway 101 is alive. that crash happened in south san jose. len ramirez is at valley medical center without police finally found this guy. >> you rarely hear doctors used words like " dracula's ". that is how they describe the survival and recovery of michael sanchez who spent more than one week flat on his back out in the woods after a crash. when michael sanchez arrived at the regional medical center in san jose, doctors say that he was not responsive and seemingly drawing his last breath. >> very shallow respiration. it was as low as it could be. no spontaneous movement of his arms or legs. he did not open his eyes. no response to any stimuli. >> he apparently crashed his pickup truck in a thicket of trees and bushes in the middle of an exit ramp in southbound highway 101. that was about 1:00 a.m. on may 8th. a witness to call 9 1 1 also told officers that a man walked away from the wreckage. >> despite that fact, the fire department showed up, we utilize the fire department portable lighting, and researched the immediate area. >> his family reported him missing days later when he failed to show to a family funeral. police investigating the missing persons case when back to the scene when they realize that his pickup truck was the one involved in a highway crash. officers found him alive 60 ft. from the crash site while looking for evidence. >> i know that investigators were related to know that-we found someone. >> he did suffer some sort of blow to bed. >> his doctor says he appears to have spent the entire week unconscious and despite being in a coma, he is showing signs of recovery. >> he has had some spontaneous motion of his extremities, he is opening his eyes upon stimuli and he had none of that money came in. and by what is amazing to us is that he is having a return of kidney function. >> and doctors say that it is still too soon to say whether or not he will make a full recovery. he is still listed in critical but stable condition here at regional medical center in san jose. >> a vallejo families demanding answers. maybe even an apology after an officer that was shot anshot and killed one of their two dogs to. he came to take a report about an identity theft continent. that is when to the family dogs can around the side of the house, and charged that the officer. the fire, killing a large labrador mix. >> he had no response, he said " i'm sorry, i felt threatened ". >> he was a great doddie ... so, when the police officer came here, and he saw her, and suddenly he shot her. so, now she is dead. and i can't see her. >> the department says he made a mistake firing a gun at a house where kids were honest living. >> what should the officer do? >> i think that he should come over and apologize. >> internal affairs will investigate the shooting to see if the officer was within the department policy. >> another bay area headline, a high-school student from the peninsula caught cheating will not be allowed back into his honors class. that was the ruling today from san mateo county judge. the student's father sued the school district after sequoia union high kick him out of honors english for copying a classmate's homework. other bay area headlines, the recognize this guy? if so, martinez please want to hear from you. they think that he may have something to do with a downtown graffiti spree on may 6th. a camera spotted him around the same time that area businesses were being vandalized. and take a look at what dropped anchor in san fransisco union square today. a 66 ft. tall catamaran. is there to launch the use america's cup. it will kick off during the 34th america's cup. >> a group of con artist that targeted superstitious old women are behind bbars. >> the seventh disco mr. attorney charged six suspects from china with scamming elderly chinese women. they were arrested at sfo while trying to flee the country. instead of their luggage was $850,000 worth of silver, jade, and even one woman's wedding ring. >> the victims in this case or spiritual, they're suspicious, and they're being taken advantage of. >> their chinese nationals that approached their superstitious victim's, telling them that their families were plagued by evil spirits. the cure? a purification ceremony requiring cash and money. some victims gave up their life savings. jason's mother lost $50,000. >> it is very hard to see my mother crying. it is kind of like ... >> police say that this is a classic bait and switch. >> number one, this is elder abuse. >> police say so for 21 victims have come forward. >> we're worried that there's a great likelihood that there is other victims out there. >> police confirm this is an ongoing investigation and if you know anyone who has been approached to rid your family of evil spirits, the authorities want to know right away. >> a huge budget crunch in california, so why does the uc system have plenty of money to build new buildings that sit empty? >> burger bonanza and the east bay. how long these people were waiting to satisfy their errors for a double double. >> the roll into town under different names and promise the best value for your gold. the disturbing trend that we,,,, >> a new business opened its doors in the east bay. you can smell it from here. this one has been on the drawing board for months. and from the look of it, all those lines, the waiting is paying off. here is the newest burger joint in pleasant hill. >> at the new in and out burger in pleasant hill, the doors opened at 10:30 a.m. but that was not too early to start chowing down. >> it is lunchtime somewhere. >> within minutes the line was out the door and continue to grow, and grow, and grow,. people have been waiting for more than one year to satisfy their search for the burger. >> it took us awhile to get it done but it is always worth it. and that happens from time to time. >> regular customers have occult like attachment to this place. they know how to order off the menu for items such as animal style, with cheese sauce and grilled onions. and while the rules say they cannot make more than a quadruple murder, many sanchez, a fifth patty and slipped it in himself. >> why would you do that? >> i was trying to make history, get into the record books. the first one to do it. >> they have mostly hard to get with their customers, the nearest one was 50 mi. away in san ramon. but fans of the double double say that as part of the allure. >> so you go the distance for as opposed to another hamburger place that is just around the corner. >> it makes it feel more special? a >> it does. >> that is what people are scratching their heads when the proposed putting another restaurant on this property just 3 mi. up the freeway from the new one. but then some neighbors complained and now ... >> we have withdrawn our application for that one, and it is in limbo. >> but here, the neighbors are happy, the company is happy, and boy are the customers happy. everyone wins. well, almost everyone. in pleasant hill, john ramose, cbs 5. >> the president will be courting bay area voters that have deep pockets next week. the san francisco chronicle reports that the president will start next wednesday with an event at the fox theater in oakland. he will be the star of the dinner, the goldmans, bears to the levi strauss fortune. on thursday he will sit down at an asian-pacific islander events. anyone hoping to meet the president should have a few thousand dollars to spend. the daughter of cuban president raul castro will be in seventh and last week after being granted a u.s. visa. anti-castro activists are angry about the decision saying that she is an apologist for the communist government in cuba. she will attend an academic conference in the city and one other events. >> you have heard of buyer beware but it turns out that cellar should take the same advice. >> it was fraud right to my face. >> what we found well undercover at a road shows? >>,,,,,,,,,,,,,,,, >> >> in this tough economy many have resorted to selling family heirlooms to try and make the ends meet. but one of the largest gold buyers in the country is accused of fraud. julie watts has the result of the five state under cover investigation. >> gold is selling for more than $1,500 per ounce but these companies are offering pennies on the dollar. and while that might be legal, lying about the quality of your old is not. >> you were watching an undercover gold by. >> i need to confirm the gold content ... >> they're passing through town for one week only promising the best value for gold. >> i was curious. >> marlene and her friend saw the same company advertise in the local paper under a different name. treasure hunters road show. >> it said " as seen on tv ". with the words " road show ". they thought it was the antique road show. a common misconception that got them sued. and i felt deceived again when they got to this event at hampton and. >> i had a piece of 18 karat gold and i knew that it was 18 karat gold and told me that it was not. >> to believe that they were taken for hundreds of dollars and they're not alone. we compile complaints from across the country mostly from seniors like the seven one-year- old and west virginia and and 80 year-old on the canadian border. both grandmothers, desperate for cash, selling family heirlooms for pennies on the dollar. >> this one is clearly marked 750 ... >> after this your heard similar complaints from his customers he decided to visit the same road show traveling under yet another name. this time premier state buyers. >> i had a gold bracelet, and gold coins, the individual look at it for a few moments and told me that were slated to read that was fraught right to my face. >> he agreed to lend as $8,000 worth of gold for the investigation and before handing it over detested both peace for weeks and character count. we took the gold to three separate jewish to confirm its value and then brought it to a show in santa cruz. we knew that 13 of the pieces were 18 year-old after carefully examining each item, this manager told us >> that is entered in 14 ^. >> half of what you have on the table is copper. >> maybe he missed the 18 ^ stamped and the acid test was wrong? an isolated experience? we decided to find out. so we sent our goal to cbs stations across the country asking teams in sacramento, boston, philadelphia, chicago, and dallas, to go undercover. in two cities they got the carrots right, but ... at two other shows, including this one in dallas, cbs producers were told that 18 ^ pieces were only 14 carats. and three out of the five initial offers that we received were less than a quarter of the gold actual value. >> after months of undercover investigations, which traveled here to springfield illinois. to their corporate headquarters. >> we're not in the business to lying to people. >> this is their spokesperson, it turns out the company operates 120 traveling shows for week under least eight different names. first, he examines our gold. >> that is 18 terror cold. >> then we showed him the video. >> to which ones are 10? >> i believe, but which one was it? i think, ... i believe that one was 10. >> that one is this one. our 18 terror bracelet. >> there's a trend here. either he does not have a cursory knowledge of gold or he's lying to customers. >> it is a concern for me to see that. >> on five different occasions, across the country, this is not an isolated incident. >> that is a very small percentage. >> he says that employees are not trained to purposely deceived customers, but we obtained this buying guide which shows that employees are trained to make a first offer of a dollar and 50¢ per pennyweight when the going rate is 30 times that. >> is that excessive? >> is absolutely illegal. >> do you feel guilty? >> why feel guilty? i'm not one out there doing those types of things. >> of those types of things happen to be great for business. it brought in $300 million last year and despite their earnings, to listen to the investigation, thousands of the company's checks stopped clearing when the bank closed their accounts. >> it is an unfortunate situation to be honest, i have no idea why was closed. >> the company ceo close the irs more than $3 million. and according to court documents he has been using the company bank account as his personal piggy bank. meanwhile the company has been splurging on luxuries like a country club presidents, even an airplane paid for in part with silver coins. >> you did buy a jet and a house with silver? >> sure. >> does the bank closing your account had anything to do with mr. parsons using company funds for extravagant personal expenses? >> i don't know. that is a great question. >> the bank will not comment on why it close their account. but unexpected closings are often due to fraud investigations, improper use of funds, or irs liens. the company is now scrambling to reissue checks out of a new account. one of those checks is hours and we're still waiting for our money. >> need to get an appraisal. >> your first stop needs to be a license to jeweler. you don't necessarily need to sell it to them but have them tell you what your jewelry is worth and it will most times give you an honest answer. >> what a day in the bay area, microclimates came into play again today. let's take a look at some of the high temperatures around the bay area. 50's along the coastline and 60s across the bay. pumping up to the '70s in the santa clara valley and drifting into the eastern portion of the bay area. now but at 73. and then 80, a concord 82 degrees, all due to a northwest wind. but that is the operative word. wind. right now, with the air temperature in the '50s and '60s and '70s, it is blowing outside. a blustery evening in progress. sfo with wind gusts at 46 m.p.h.. concord currently at 23. sam story in san jose. the wind will take a while to subside and then we will have a breezy afternoon tomorrow but not as windy as today. and we're going to have it warmer weekend. tonight overnight temperatures into the '40's and 50's and the skies will be clear. tomorrow we will start off with a hint of stratus next to the coast and into the bay. that will clear out in leave us with an abundance of sunshine. '50s and '60s around the seashore. san mateo at 67 degrees. 79 degrees in morgan hill and low '80s in gilroy. across the eastern portion of the district, 81 degrees in brentwood, tracy and oakley and also discovery day. 74 degrees in benicia and stacking up to 80 degrees in santa rosa and sonoma. the wind out of the west at 10 to 20 mi. per hour. here is your 7 day forcast. that pressure gradient that is causing very breezy conditions today and tomorrow? that will not be a factor over the weekend as the temperatures assure into the low '80s both days while the coast remains in the '50s and '60s. and a stagnant weather pattern continues until this time next week. >> thanks. just two weeks after the huge superman, the heavens offer another stunning spectacle. a ring of fire eclipse. this is what it should look like the sunday for much of the western north america. it happens when the moon blocks out most of the sun, leaving a ring of light around its. but remember to not look directly at it. experts recommend looking at safe viewing glasses. >> we have been telling you about the facebook ipo all week but what about the man at the center of it all? it turns out that he was not always a good confidence ceo. we have a glimpse at the man behind the world's most popular social networking company. >> jobs are the number-one issue for americans this election year, so who's better at creating them? democrats or republican presidents? we have stunning results up next. >> ♪ >> during the disco era she burned up the charts. coming up, we have a look at the coming up, we have a look at the life and career of donna summer, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. >> 12 hours and counting before facebook officially changes in status from private, to public. the social media powerhouse hits the nasdaq tomorrow at $38 per share in an initial public offering that could net the company more than $18 billion. the price will push the company's market value beyond $100 billion. bigger than amazon .com, disney, and mcdonald's. the facebook founder and ceo mark zuckerberg will bring the opening bell remotely from the company's menlo park headquarters. >> this will make mark zuckerberg one of the most rich people in the world. and at 20 years old he is half of the age of the average s&p 500 ceo. but there and simon shows us that he has grown up a lot since launching facebook from his dorm room at harvard. >> i am glad this is not live. >> it was 2006, two years after launching facebook from his harvard dormitory. a nervous and camera shy mark zuckerberg ... >> i am not on today. >> he sat down for a cnn interview. >> can you say your name and pronounces the that no one messes it up? >> yes, it is mark zuckerberg. >> what is your title? >> founder and ceo. >> our producer had to ask the most basic questions. >> how did the company start? >> it cannot start as a company. i was a sophomore at harvard. and i guess that about i have never really been asked how the company was started. >> how did facebook start? >> now i am embarrassed ... you would think that i would have been asked that. >> speaking was he may have been rough around the edges but it was clear he had a laser light focused of what he wanted facebook to become. >> we view the site as an information directly. it helps you better understand what is going on around you. and once you're better informed about the people around you, you are in a better position to meet people, connect with these people. >> like bill gates and steve jobs before him, he is one of those rare ceo who has pioneering accomplishments, same, and persona, making it him a captivating figure. >> in private he is an entertaining and engaging fellow who is funny, as a lot of friends, i do not think that to this day he would like to be as much of a public figure as he is. and if it were up to him he would never be on stage. it would mostly be sitting in front of a computer, coating. that is what he loves to do. >> is facebook a dream job or a stepping stone to something else? >> definitely not a stepping stone. i do not necessarily think about what my dream job would be but i guess that this is pretty cool. i get to build what i want. >> and, as wall street anxiously awaits the ipo, capitol hill is eyeing a recent status update from one of the company's co- founders. the brazilian born eduardo is poised to make a mint when the company goes public. but earlier this year he renounced his u.s. citizenship and moved to singapore where there is no capital gains tax. some lawmakers view it as a move to protect his windfall. >> he has turned his back on the country that welcomed him and kept him safe, educated him, and helped him become a billionaire. this is a great american success story gone horribly wrong. he wants to d friend the united states of america, just to avoid paying taxes, and we're not going to let him get away with that. >> he has authored legislation called the " expatriate act " which would impose taxes on expatriates' that move to avoid that. he denies doing that and insists that he has every intention of paying up. >> for the first time, minorities are the majority in the united states. minorities make up more than 51 percent of all births between july 2010 and july 2011. up from 37% in 1990 according to the new census data. the reason? there are more minority women in their childbearing years. >> these policymakers, most of whom who are older and white, will they support programs to support this new generation of youth that does not look much like them? >> minorities make up more than 50 percent of the population in washington d.c., new mexico, texas, and hawaii. in california minorities make up more than 60 percent of the state's population. 14 million latinos live in california, more than in any other state. >> one of the biggest issues for voters this campaign season is jobs. which party creates more? republicans or democrats? grace lee tells us about a new record, the results of which may surprise you. >> the numbers from this bloomberg studied look pretty convincing. the data bricks down how many jobs were created under a democrat versus republican presidency. this is over the last 50 years. when a democrat ruled the white house 42 million jobs were created and while republicans were in office only 24 million jobs. less than half. this was analyzed by former michigan gov. jennifer grant home who sat down with us earlier today. >> i was not shocked that democrats have done well but i was shocked at how well they had done. >> as a democrat, the host of the current tv " the war room " says even though this report plays to a side of party politics, the numbers don't lie. >> there is an old maxim that says " in god we trust, all others bring data " that is all that this is. this column that i wrote was only about the data. and it used bloomberg who was very respected, non-partisan. >> it is not just about jobs. the report estimated what your annual returns would be if you invest $1,000 in a democratic reverses a republican in the last half century. and what it found is that under democrats to have nearly $11,000 and returned and under republicans only about $2,000. >> the stock market has done better under democratic presidents. it is true gross domestic product and the growth of the economy. >> my gut reaction is that i would like to verify that. >> we spoke with howard at seen since the republican party and he says that this is not a reflection of republican presidents. but a sign of a dysfunctional democratic congress over the years. >> my thought is " i don't believe that, i would have to see the figures to see where they came from " because it does not a sense. >> state republican share was so outraged by this report, when i sent it to him that he called me and issued a statement he says " mark twain said that 60 percent all statistics are misleading, it and this article falls into that category " jo". the policies of presidents matter more than their party affiliation. so the debate rages on, but a delhi raises an interesting perspective this election year. >> empty. essentially there is no faculty on the corridor. >> university ,,,,,,,,,,,,,, >> if you have noticed more sold sides in your neighborhood and your correct. bay area home sales rose last month to their highest level in april since 2006. the biggest hikes were in san mateo, rent, and san fransisco. contra costa county saw the largest increase in median prices. the survey was produced by david quick. its president sworn the market is taking a step towards normalization. but only a step. >> with a 6% tuition hike looming, students are looking at paying double what a uc student paid it one year ago. and why the uc system has plenty of money to build new buildings when some of them are sitting empty. >> empty. essentially there are no faculty on the corridor. this office is on occupied, this office is on occupied >> walking in this dark hallway, this uc santa cruz professor points to his old office. he now works in another located across campus, in a new building that he says is not needed and should have never been built. he says that he has found a direct connection between a new campus construction and hikes in student tuition which university of california region said are likely if they do not get an additional $125 million from the state. >> that is the amount that we need to prevent a tuition increase in 2012/2013. to preserve the quality of the uc academic programs and student services. >> it makes me angry that the university is telling students that they need to pay more tuition because they're cutting their budget. and then they are borrowing money to a used to leverage all sorts of expansion in areas that don't have anything to do with the quality of education. >> overall the uc system has nearly $2 billion worth of new construction projects in the works. many financed by bonds that are backed by student tuition. in fact, credit rating services give them a and a one score. based in part on its ability to raise tuition, and it made more out of students that a more. >> peter taylor is the uc system's chief financial officer and former executives at lehman brothers. he says that using student tuition as collateral is standard. and the university system is smart to take advantage of the current low interest rates. >> when the climate is attractive, where contractors are cutting every penny and nickel out of their bid to make sure that they get the business, when we can afford to build much more attractive, when interest rates are at historic lows so that are in karst are about as attractive as they have ever been, that is the time to invest in future quality. that is not the time to pull back. >> some of the new buildings are not being used. this new structure at the uc riverside campus was intended to be part of the medical school but has not been open because the school does not have enough money. others, located in berkeley, stand ready waiting for more funds to come in better days. but some argue the new betimes are on to be harder and harder for students to find in the future. >> it is uncommon to use the strength of our balance sheet to put ourselves in a position to allow the state to meet these goals, that during what we hope is a temporary dip in state support. >> the pattern is essential that the university wants to raise its total money. generated from enrollment. for both increasing role mr. we head to and increasing tuition. at the same time that they cut their spending per student. >> this summer regions are expected to decide whether or not to raise tuition at outclasses may not be in session, protesters may be less likely to take a break. if you have a story idea that log onto cbssf.com and click connect and scroll down to closer look and send me an e- mail. >> patio furniture blown over, bike rides disrupted, it is windy out there and the wind is causing big problems. we will talk about that and your friday forecast but first >> it could be worse, you could be a raiders fan because one of their linebackers is going to jail.,,,, [ alarm beeping, motor revving ] [ motors revving ] ♪ [ motor turns over ] [ liquid pouring ] [ chain saw buzzing ] [ male announcer ] what if everything ran on gas? then again, what if everything didn't? the 100% electric, zero-gas nissan leaf. innovation for the planet. innovation for all. >> from the cbs 5 weather center. good evening everyone. we have another microclimate day like a summertime weather pattern. 79 degrees in san fransisco and 82 degrees in santa rosa. 80 in concord. that is the scene in the city by the bay where it is 55 degrees but the big story happens to be the gusty winds. curly winds are blowing right they're looking at mt. diablo which is a shrouded in clouds of to 22 m.p.h.. sfo 36 m.p.h. wind gust causing holes on departing flights. up to one hour delays. meanwhile gust in san jose. watch these numbers by all around. it will remain breezy. but notice the coast. a breezy day by the day and by the seashore all day long and also at the delta. otherwise the wind is being caused by what we refer to as a pressure gradient. an area of low pressure skimming by the northern half of the state today. butting up against a ridge of high pressure that is trying to provide us with a great looking weekend. tomorrow we'll have less wind, albeit breezy. but more sunshine than what we saw today. the bottom line is your headlines tonight, with a sunset at 8:14 p.m., skies gradually clearing, the extended forecast calls for more weekend. the seven day outlook coming up after tonight's lows in the '40's and 50's. clear skies, tomorrow's highs going up in comparison to today. more seasonal and '50s and '60s along the beaches and '60s and '70s, and from south san fransisco. all the way into palo alto. upper seventies and low '80s morgan hill and gilroy. including the valley and santa clara valley. 80 in antioch, low '80s in discovery day and 80 degrees also in pleasanton. no. a number stacking into the upper 50s along the seashore. seventies in san rafael, 80 degrees in sonoma. 65 degrees in san fransisco, spot on for this time of the year. the extended forecast, check out your saturday and sunday. both days 60s at the beaches and 80s in land. seventies at the day, and we will hang on to the tranquil weather pattern. and we have bay to breakers. idealistic conditions. low clouds and cool. that is or pinpoint forecasts. >> ♪ >> she was the queen of disco during the '70s and '80s. donna summer died of cancer today at her home in florida at the age of 63. her cancer diagnosis and subsequent battle against it was something that she kept hidden from the public. some of her biggest songs were " last dance, love to love you baby, and she works hard for the money ". fans remember her as a powerhouse. >> big hair, crazy colors, just overwhelming. she was fantastic. >> people left flowers on her store on the hollywood walk of fame. she sold more than 100 million records worldwide and became one of the first performers to have three consecutive double this album's go to number one on the charts. she was said to be working on a new cd over the last few weeks. [ 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. >> guilty on all charges, that is the fate of the raiders linebacker, stemming from a beating altercation in alabama last november. he was found guilty of third degree assault, reckless endangerment, menacing in the state of alabama and wrong discharge of a firearm. he was sentenced to 180 days in jail but was released on bail. he is appealing the charges and will serve his sentence following the outcome of that appeal. then of course comes a likely severe punishment from the nfl. the curse of game day strikes again. the guest on the sunday night sports show, and it was placed on the 15 day disabled list. never come on game day! you will suffer the consequences. the a's power hitting third baseman has been out since sunday with a sore groin. everything is bigger in texas including this to foot hot dog that cost $26 and is 3,000 cals strong. brandon mccarthy in the sixth inning appeared to catch this attempt but the umpire said " no ", the skipper gets thrown out. you be the judge, did he catch it or not? he did catch it. the a's do not lose their composure, josh read it is gone. sam score in the ninth inning, bases loaded. brandon snyder ends the inning on a groundout. coke has 19 and two-thirds of scoreless innings, that is an oakland record to start the season. 10th inning, base hit off of mike adams, the a's at 5/4 and win by that final and slid the series with the rangers. the cardinals are arriving to the ballpark today. watch the last night here, how does he get paid to do that? brandon crawford batting second. to run scored and a base hit. crawford 2/5, first run since april 23rd. keane was not great in six innings, the big blow was matt holiday, st. louis lead 4/3. his a storm of the season. tied at 4, david freeze rolls away this ground role. giving the giants a lead. the colonels were sloppy with three errors. for once the bats continue to role for big daddy kane who has had the worst support since 2006. brandon bell scorches the double to give san fransisco a 6/4 lead. came runs his record to 3/2. there used to rain delays in denver but this was the first at this field. the game was delayed after a swarm of bees gather around the dugout. to get rid of them, look at it, he has no protection. pretty gutsy. he uses a vacuum, the diamondbacks and up stinging the rockies and 9/7. northgate, in walnut creek battling clayton valley. the broncos rally in the seventh inning. mishandled by the clayton valley in field. and the leaders down to one. then, the ball goes to the backstop. sloppy defense by clayton valley. and right now, that game is tied in extra innings. i will just guess that this is exclusive video tapes. the pacers president will name to the executive of the year. taking it to miami in the second half. 19 points and 18 rebounds and five blocks. the pacers blowout the heat 94/75. they now lead the series two games/1. when is it better not to hold a post game news conference? the rangers lost against the devils and that is when the new york coach took to the microphone. >> a number of things went wrong. and >> can you talk about the decision to set gavin down in the third? >> no. >> is this kind of effort that you would need to win this game? >> no. my answer to your first question is no. you need to improve as a hockey team every game. >> we have all been part of those news conferences where the coaches are just very short. i remember one time creek was asking bill walsh questions and he got so mad he said " why don't you come up and answer the questions? why don't you come up here? " but rick stood his ground and was tough

one dog. there's also a kitchen, an you was bar, a sweet shop. there's a basement rec room with arcade-style games, ping-pong, a full bar, shuffle board, vintage arcade games. also a full gym and wellness center. also 100-person ampitheater. a genius bar, so if you have any problems with your computers, you can walk right up and they'll solve it for you. and there's a mother's room to take care of all of your mom needs. >> i just hope they're setting the trend for the rest of us. eventually that will make its way across the rest of the country so we'll have swings and slides and the bartender. i love that. seriously. think that's going to work out? >> i think so. i think we should install some here mo here. >> i think they must have rules and regulations like a tick chart. you've already had one, no more. >> it is the top of the hour. i'm ashleigh banfield. ron paul ending active campaign in hissed by for the republican nomination. the thing is, he's still going after delegates. yes, mitt romney aside, he's working the state conventions. we've got more on that in a moment. but first, for the second time in a week, tongues are wagging over an edgy magazine cover. have you seen the latest? it's "newsweek" saying president obama is the first gay president. it his the response to presiden obama's interview last week with abc news. last week, the mom enough cover was really provocative. anyone who is living in a cave and just came out, b there was the cover there. the country was talking about this. my question for you, is this a response? were you trying to notch it up, you eknow, a bit, to try to recapture some of that interest out there between your two magazines? >> ashleigh, i don't think so, actually. what we wanted to do with this piece. we knew with andrew sullivan writing, and he's one of the chief intellectual officers with the idea that same-sex marriage is actually a conservative idea. we know that this piece would mean a great deal to andrew personally and professionally. what we were trying to do in capturing that kind of intensity in the argument, the writer was to have a column -- a cover image that would also be intense in the emotions that it evokes. it's an allusion to toni morrison's piece. in the new yorker that bill clinton was the first black president. >> but that wasn't on the cover, as i recall. that was something that was within. it wasn't on the cover. it wasn't out there and in your face. >> no, but, you know, as you know, the new yorker covers are quite different from what a news magazine cover would be. >> let me ask you this -- it's definitely provocative. i certainly get the message. i live and breathe news every day. i understand the innuendo and the ar cain aspects to these covers and these stories. are you at least a bit concerned, the person who is busy, has kids, walks by the newsstand and is concerned that this is a gay man who has come out of the closet and is now our question. >> i don't think anyone is confused about barack obama's heterosexuality. >> they're concerned about whether he's a christian or muslim despited a nauseam telling people he's a citizen of this country and he's a christian. they're still confused about that. why do you think it's such a silly suggestion that a magazine cover like that thinks wow, i didn't know that. >> hope, then they'll open the magazine and read the piece, i hope. >> let's hope. >> our view is that our readers are smart enough to get the reference here, that he's embraced a fundamental aspect of gay rights and, in doing so has become such a supporter that this kind of cover is understandable. >> let me play quickly a sound bite from the weekend that rand paul speaking at an event had this to say about this issue and president obama's wade into the gay marriage issue like he did last week. have a listen. >> call me simple, but i -- i wasn't sure that his views on marriage could get any gayer. >> raucous laughter from that group. as we know, the country is pretty much split 50-50 on this issue. how is the president, do you think, likely to harness this issue and make it work for him in november or do you think the president is more likely to leave it behind him? >> i think that's a very, very good question and one that the white house is working -- and the campaign are working overtime to figure out. there's some sense this could help him among younger voters where support is high among democrats, independents, even more conservative, younger voters. and so in that sense perhaps, it ignites some of the intensity around his campaign that we saw in 20099. but then i also think that they worry about potential for a backlash. i don't know exactly where that's going to come down either. i think they found out in the end his position continuing to evolve on this topic was an untenable one. he was going to have to sustain or answer the question sooner or later. >> i'll be fascinated to find out how the poles going forward determine where the independents stand on the gay marriage issue. good to talk to you. thanks for doing this with us. appreciate it. >> have a great day. the north carolina governor beverly perdue reacting with clear disdain to the passage of amendment 1 in her state. the voters overwhelmingly approved the amendment as defining marriage as only one man, one woman. but it's the way the governor responded that caused the governor's reaction. >> this is wrong for north carolina. people around the country are watching us and they're really confused. folks are saying what in the world is going on in north carolina? we look like mississippi. >> well, as you can imagine, that comment went over like one big pile of mississippi mud with the governor phil bryant. the mississippi governor issuing this statement in response. i am certainly disappointed by governor perdue's statement regarding north carolina's, quote, looking like mississippi. apparently north carolina's voters are much more in line with mississippi's traditional values than those of governor perdue. meantime, alabama going whew. got a lot more news developing at this hour. roll it. 9 defense begins in earnest today in john edwards trial. but how do you soften up an image of a guy who's taken a beating? i'm ashleigh banfield. the news starts now. iran can't sell its oil so it's reporting hording it, hiding it and sparking a cat and mouse game with the west. plus, candid behind the scenes footage of mark zuckerberg well before he became a billionaire. ♪ ♪ and the flowers and the trees all laugh when you walk by ♪ ♪ and the neighbors' kids... what does being true to yourself have to do with being healthy? everything. ♪ but you're not ♪ you're the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one... so i brought it to mike at meineke. we gave her car a free road handling check. i like free. free is good. my money. my choice. my meineke. >>> heads rolling at jpmorgan chase. that woman, ina drew resigning today as the firm's chief investment officer. she's the first executive to fall after jpmorgan lost $2 billion in really lousy trades. drew is retiring, but smefs one of the most powerful women on wall street. also making news, the drums and the symbols are going to be very quiet for the next year at florida a&m. the school's acclaimed marching band is suspended through 2013. all of this as punishment for hazing which allegedly is what led to the death of drum major robert champion. >> i was heavily influenced by the need to be respectful of robert champion's family. as as well as other alleged victims. a young man lost his life. >> an intense manhunt is under way in california for this man. he is a missing fbi agent who authority december scribe as suicidal and who is also possibly carrying a handgun. he's stephen ivans, 35 years old. he was last seen by his family thursday at his home in burbank. they've been using blood hounds to try to track this man in a very rugged mountain area not far from his home. and 150 law enforcement officers are out there trying to found a him. >> we do searches like this routinely, obviously. but we have special concerns given his apparent inclination to potentially commit suicide. >> there's no evidence of foul play right now, but that's why we still have a robust effort to locate him. >> ivans is a special agent with the fbi and his specialty? national security type cases and counterterrorism, but officials won't say exactly what his caseload entailed. and a short time ago, presidential hopeful ron paul kind of calling it quits. he said he's going to end active campaigning for the white house but he is going to keep pursuing delegate the and republican state conventions. the ron paul campaign has established delegates in various. he still wants to take some of the delegates to have 5 power. her family is focusing on what they call a miracle. that amy copeland is alive and improving after she got an infection from an outing in the woods on may 1. >> the doctors are going doing the best they can to try to save as much of her extensions or her hands as they possibly can. and literally, it's day by day or even hour by hour. >> cnn's george howell joining me now live to talk about this story. what is the worst case scenario at this point. we've all been talking about the hope they think they can save her fingers. >> you just heard andy copeland. there's a hope they can save her palm. she may be able to use a prosthetic. she eels always lost her leg, part of her abdomen. as doctors decide what needs to decide what to do next, this bacteria is causing damage. >> it's not something we hear about every day. >> it's common. it can exist in water, it can exist in chlorinated water. it's out in the natural environment. the question at this point, where did she get this? was it out there in the woods? she was out with friends near little talapoosa river. she was out on a homemade zip line. the zip line snapped. she got a big gash on her leg. did it happen there or during her treatment. >> this is 50 miles from atlanta. >> well from what i read, it rarely occurs, but it is out there. so this is something that can happen anywhere. >> so the lesson for me, i'm out zip lining or trekking and i get a terrible injury and i happen to be near water that's remote, do i need to bring that up to my doctor? do i need to say -- she got some antibiotics but they weren't the right thing right away. >> i think it's fair to be concerned about any water, any sort of a gash that you get. it's something you want to get treated quickly. it's just the sort of thing that's out there. but rarely occurs. >> it's just remarkable. and elizabeth cohen also says empowered patient. you're your own best advocate. george, appreciate it. so iran can't seem too sell its oil. that's the way it goes, iran. so that country has decided to horde it and hide it. and suddenly this is sparking a big old global cat and mouse game with us and the rest of the folks in the west. and guess what's happening? we're talking ghost ships. i'm not kidding. it's a little james bond so you don't want to miss this report coming up next. for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. 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[ male announcer ] ask your doctor if chantix is right for you. >> there are ghost ships that are lurking on either side of the strait of hormuz laidened with millions of tons of oil. let me give you a map so you can know exactly what i'm talking about. this is a very cool real time look at the vessels in the crowded, busy waterways. the green shows the cargo ships. and believe it or not, the fuchsia are pleasure yachts. but what you don't see, iranian oil tankers loaded with crude that have set their gps to the off position, which pretty much means that ear s they're invis especially at night. cnn is our executive editor. i guess the first question would be why are the iranians putting giant ships filled with oil out in the dark in a busy passage and shutting off the gps. >> they can't sell it because of sanctions being led by the united states. what's their option? they filled up their land-based oil terminals. so now they're stacking the oil in very large cruel car yorriec. >> so they literally have nowhere else to put their massive oil supply. they can't sell it so they're just hiding it out there somewhere? >> most is off their main oil terminal and it's just sitting there with the transponders turned off, as you said, and they are waiting to find buyers. one or two times they have sent their ships out into the ocean and found other tankers willing to offload their crude, particularly south korean and chinese beauers. >> so literally they would head out this way and sail for a solid week or so? >> week or 10 days. traditionally, iran yan oil has always gone to asia. but now under u.s. pressure, japan, south korea, even china cutting back on their iranian imports. >> i made up this term that if the iranians are sending these ghost ships filled with oil, looking for a sneaky black market buyer out in the arabian see or indian ocean, are they literally kiss poaching. like a boat will come right up to the tanker and suck the oil off and pay half price for it? >> huge discount they're offering because credit terms are so difficult for iranian oil. they're going to find buyers wandering about the oceans, particularly southeast asia. the smaller tankers come up, literally latch themselves up and kiss poach. exactly right. >> here's what's complex for the viewer. you mentioned an insurance issue. inthe reality is people don't understand, why is this an issue now when the eu sanctions aren't even in place until july 1. they've got months to be doing this free of charge. why is it happening now? why are they in advance of the sanctions struggling to get where they need to go and sell their oil? >> they can. but companies in india are finding it hard to find the right insurance. >> you have to have insurance in order to enter a port? >> you have to have insurance because otherwise, these big tankers that cost themselves tens of millions of dollars, if they're not insured, their operators are not going to allow them to carry that oil. it's too much of a risk. it's environmental and third party damage to very large tankers so that maybe as much as $1 million of voyage because of the amounts these ships consider. and all of the world's tanker insurance is in london at lloyd's. so eu sanctions affects that. >> so if you can't get the insurance from literally the only game in town, which is lloyd's, you're screwed. >> you're screwed. you can't get your oil moving. so the iranians are now trying to reregister ship, hire other ships in. they're looking for new markets, anything to evade sanctions. >> in the meantime, if you're one of these guys, beware of where you go in a busy passage. because there are literally these ghost ships out there. you and i have to have more monday morning coffee. >> i'll be around. >> appreciate it. a short time ago, president obama delivered his first commencement speech of this season, and not only were there some interesting moments, but it makes it pretty clear what his week is going to be like. let's just say this. all about the ladies. and just a quick note for you as well. if you're headed out the door, you can continue to watch us on cnn from your mobile phone. also watch us from work. just need to go to cnn.com/tv. you can watch us live from your desk top, get the mobile phone app. it's very cool and you'll never be without your news. pulling us together for different reasons. music. games. photos. shows. we share stories, laugh... and truly engage. it brings us closer and that is my happy place. ♪ [ male announcer ] the best family moments happen in an instant. capture them with internet explorer and a powerful dell pc. >>. >> i want to give you a chance to listen a little bit more of president obama's commencement speech at barnard college in new york. take a look at this. >> young folks who stood up and sat in didn't just do it for themselves, they did it for other people. that's how we achieved women's right. that's how we achieved voting rights. that's how we achieved worker's rights. that's how we achieved gay rights. that's how we've made this union more perfect. >> so i want to bring in jessica ye yellin. i kept hearing those two words, gay rights, but that was it. there's still ground shaking from the president's interview that he backs gay marriage. is h egoing to leave it or? is he going to continue to address it? >> i think you'll hear him as he had, to be honest, address the steps he's taken to increase the rights of gays and lesbians, repealing don't ask, don't tell, extending federal benefits. i'm told it's not going to be a standard part of his stump speech, for example. and i wouldn't expect it to become a corner stone of the campaign unless mitt romney chooses to take him on and pick a fight on it. and if you look back at the speech mitt romney gave over the weekend at liberty university where he had a wide open opportunity to make it a big topic of discussion, romney only made gay marriage a one-line mention. he said marriage is between one man and one woman. it doesn't look like the republicans are lean into making this a fight in the campaign either. >> almost sounds, jessica, as if both sides are looking at the polls, which within the margin of error are 50-50 for or against. so it's a bit of a wash. >> let's talk about other things, yeah. >> let me ask you this. money, fundraising. the gay demographic is bigger and more powerful and richer than the wall street demographic for president obama. is there any true to that? if so, is this something that he will discuss in private at fundraisers with appropriate audiences? >> that's an excellent point and it's something that we've been sort of reporting on since last week. one of the pressure on the president has been the movement by gay donors and gay rights activists who are major contributors to the campaign to move forward on this issue. yes. because gay donors don't necessarily have more money than wall street, but because the president has not been getting money from wall street this cycle the way he did in 2008. he was just raising huge amounts of money, tens of millions of dollars from wall street. and he's not this time around. he has to make up for it in other ways. so where? gay and lesbian donors, silicon valley and hollywood are three of the big area where he's bringing in more money this time around. but no, you can't say gay community is solely making up for wall street because there's no parity there. i will point out, ashleigh tonight, the president is having a fundraiser at the home of a major wall street executive, but that's an unusual thing for this campaign now. >> and i notice that you don't have the white house behind you because you are in minor mall location, new york city. and you'll probably be there tomorrow when he does his taping of "the view." so it kind of feels like women's week for the president. hopefully check in with you tomorrow, jessica. >>> each week, cnn's dr. sanjay gupta profiles inno va tors from all walks of life from every field of endeavor. this week he talked with a silver smith who won the mccarthy genius grant for his creative work. take a look. >> there's no one in the history of this country that's done what he's done. i don't mean the last 50 years. i mean the last two centuries. i think he got the prize because there's knob like him. >> i told my wife that there is a monetary award over a period of five years of $500,000, and she said it's a joke. i hope i can thank them with my work and with my dedication. s. >> all right, so he cheated on his wife and got his mistress pregnant. then he lied about it to anyone who would listen. with an image like that, how would you like to be john edwards' defense team? how do you think you could soften up a guy like that in front of a jury? plus, news just in on the search for isabelle selas in arizona. she disappeared from her own bedroom. this new twist involves her dad. [ mechanical humming ] [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the all-new rx f sport. ♪ this is the next chapter for the rx. this is the next chapter for lexus. this is the pursuit of perfection. the world needs more energy. where's it going to come from? ♪ that's why right here, in australia, chevron is building one of the biggest natural gas projects in the world. enough power for a city the size of singapore for 50 years. what's it going to do to the planet? natural gas is the cleanest conventional fuel there is. we've got to be smart about this. it's a smart way to go. ♪ >>> a new development in the possible kidnapping of isabelle selas. that 6-year-old sgirl vanished on april 21. now tucson police are saying her father sergio selas cannot have any contact with his two older sons, 10 and 14 years old. police say in a statement that cps, child protective services instituted certain measures to ensure the continued welfare of the selas children. it needs to be stressed that it is common practice for cps to become involved in investigations regarding missing children. >>> sonny hostin is on the case. that on its surface does not look good. but should we read between the lines? is this sometimes standard operating procedure? what should we make about this if anything at all? >> it certainly isn't standard operating procedure for a parent to be not given any access to that parent's biological children. i think that that's something that needs to be said. typically in cases where cps does do something like this, removes a child from a home or removes a parent from a home, that is usually due to neglect or perhaps abuse. physical, sexual or emotional abuse. and so i think if you look statistically and historically at when this type of thing happens, sure, you can perhaps glean some information from this decision by cps. i think what's also interesting is that it was sergio celis who reported that his daughter was missing. he was alone in the home with the children at that time. and he reported at 8:00 a.m. that when he went into her room to wake her up that she wasn't there. so her mother wasn't there, the children's mother wasn't there. so i suspect that investigators and cps know something about the die national nick that household or perhaps know something about the relationship between this father and his children that we don't know about. >> just a sad mystery all around. we'll continue to watch those developments. >> i know you're a former federal prosecutor. you probably having watching this edwards case with bated breath. >> yes, i have. >> i knew it. up until now, when you follow a case, that prosecution's case just looks ugly. what do you think edwards' attorneys are going to be able to do to try to mitigate somehow how yucky this man seems to these jurors, and then what do they need to do to deal with the actual evidence that they have nnt front of them. >> i thought this was going to be a boring case. it's about campaign finance laws, which is very, very dry. but this case has been anything but that type of case. it's been very, very salacious. it's been very entertaining at times, very sad at other times. but the prosecution, or rather the defense in this case made it very clear what their defense was going to be. that they couldn't really defend the man, the things that he did. they said sure, he behaved badly, but not criminally. i think that's what we're going to see in in defense. this is an understand precedented yao us of campaign finance laws. the federal election commission, who usually deals with these kinds of things, that agency determined that these weren't illegal campaign contributions. the department of justice's public integrity section, of course, disagreed and that's bhie he's on trial. i think when it comes down to the law, the defense probably has the stronger hand here pop 10 seconds left. do you think there was a smoking gun in this when the prosecution wrapped snup. >> not at all. not at all. i think many of us were left thinking that was it? that's the case? >> then that's not such a bad week for the defense. and maybe they can use the time to soften up his image if that's possible. >>> up next, a segment you got to see to believe. at colombia university, a guy mopping the floors, cleaning the toilets, all the while the students walking right on by him. and now he is one of them. a janitor, now a columbia graduate. sounds like "good will hunting" because it kind of is. the story is incredible. that's the guy right there. home protector plus, from liberty mutual insurance, where the costs to both repair your home and replace your possessions are covered. and we don't just cut a check for the depreciated value -- we can actually replace your stuff with an exact or near match. plus, if your home is unfit to live in after an incident, we pay for you to stay somewhere else while it's being repaired. home protector plus, from liberty mutual insurance. because you never know what lies around the corner. to get a free quote, call... visit a local office, or go to libertymutual.com today. liberty mutual insurance. responsibility. what's your policy? >>> for years, this man on your screen cleaned the toilets, popped the floors and took out the trush at columbia university. but this week, he put away the work clothes and donned a cap and gown. look at that picture. gaves me goose bumps. it took more than a decade, but he's now a graduate of the ivy league university columbia. and he joins me live now from new york. congratulations. you must feel fantastic. >> yeah, i feel great. thank you very much for congratulating me. >> it's good to have you with us. you are from the rm toer yugoslavia, the state of montenegro and you came here in 1992 to new york. did you speak any english when you got here? >> no, i didn't speak any english when i arrived here. >> what was the first thing you did when you got to america? >> the first thing i thought i need to look for a job, any job that does not require much english or where somebody from my country who speaks my language works there and can help me and teach me what to do. so i worked for seven or eight months, i worked as a busboy in a restaurant. and at the same time, i started taking english courses. i think it was two days a week at roosevelt high school in the bronx for free. and so -- and then after that, i learned a little bit to communicate. i learned some english. and then i thought at least for cleaning, this should be enough. and one of my teachers after i got interested which university in new york is the best. he directed me to columbia. i came and i was lucky and i got a job at columbia. that was a very clever strategy. you got the job as the janitor at columbia because you knew you wanted to study there ultimately. that was in 2000. that was 12 years ago? >> no, this was 1993 when i started working. they said they teach english also. i classes i took similar to the roosevelt high school, similar classes i took at american language program here at columbia during my working hours. i would leave for two hours my work, i would go to class and then i would go back and make up one hour. >> ultimately, the year 2000, if i have it right, by the year 2000, you felt your english was strong enough to begin taking the college courses in columbia? >> exactly. i stopped for a while. i quit these english classes and i worked another job full time, two jobs full time both, and then for one year. but at the end of the year, i had to return in taxes some money to the government and when i said it doesn't pay off because i earn more what i pay in taxes more, i spend more, i think that way i have a lot of money. so i don't know how to save. and too much work. so i quit the other job, stayed with columbia, went back to english classes, reached a level 10, which is the level for international students enables them to take college courses. then after i applied to school of general studies and got admitted and started in 2000. >> you must be over the moon as your classmates and professors must be as well. here you are in your cap and gown with your arms in celebration. with us today, you're still wearing your janitors uniform, because as i understand it, you just came right from work. listen, our congratulations to you. you are a terrific american story. and welcome to this country. i am glad you're with us. thank you so much. good luck to you. >> thank you. thank you very much for your attention and for having me on your channel. >> you're a blessed man. and we are more the blessed to have you walking amongst us. >>> just a short time ago, i want to let you know, our poppy harlow interviewed jay-z. he weighed in on president obama's gay marriage stance, the one that's got a lot of people in the african-american community upset. you'll hear how jay-z rolls on this and what that will mean for others who follow him. >>> haze name is jayz and he really doesn't need any introduction because everyone knows he's a music mogul and everybody knows what he says matters. you talked with him about a bunch of things, but specifically the whole yuch of president obama and his support of same-sex marriage. >> we did. he was in philadelphia today ni advertising a two-day festival. he is a supporter of president obama but he falls in the middle when it comes to spending, he understanding the republican argument and the democratic argument. but we talk about the -- >> i have always thought it has something that's still holding the country back. you know what people do and in their own homes is their business. and you choose to love who you love. that's their business. it's no different than discriminating against blacks, it's discrimination, plain and simple. it's real hi not about votes, it's about people and so whether it costs him votes or not, i think it's the right thing to do. >> i will tell you that we talked about the economy in great detail. i said, look we call this a recovery? what do you snow. >> he says this is a test of the american character, we rode high in this country amend these day we're being tested like in the great can depression. >>> six years ago, mark zuckerberg- >> oh, boy do ever we know ow, and his facebook is about to go public, we're going to look back at this very rare interview, when this mibillionaire was no billionaire and was just a little bit nervous under the cameras. >>> he is young, he is super duper rich. six years ago he wasn't a -- all week long we are -- look back at mark zuckerberg when he was no billionaire. >> gosh, okay, i'm glad this isn't live. >> reporter: it was 2006, about two years after launching facebook from his harvard dorm, a nervous and camera shy mark zuckerberg. >> excuse me can i charge that the same way? >> mark, can you just say your name and pronounce your name? >> mark zuckerberg. >> what would you like to be identified? >> owner and ceo. >> reporter: how did the company start? >> it didn't start as a company, i was a sophomore and harvard -- i never been really been asked how to company was started before. >> how did facebook start. >> i'm a little embarrassed. >> we do the sight as sort of an inspection directory, so you're better informed about what's going on around you. >> like bill gates and steve jobs before him, mark zuckerberg is one of those rare ceos whose pioneering -- >> in private, i think mark is a pretty entertaining engaging fellow who's got a lot of friends. >> author of the best selling book "the facebook effect." >> i think he's more private than he is in public. he would been on a stage, he would be mostly sitting at a computer coding because that's what he loves to do. >> do you see facebook as your dream job or a stepping tone to something else. >> i don't think know what my dream job would b but this is pretty cool. >> notice the newspapers on the desk. it was only six years ago, but this was prepre-iphone and pre- >> to use technology to connect people to their friends. >> i'm not bidding a company for the sake of building a company or because i think it's a good way to make a lot of money, i think the philosophy that this company has is that you solve an important problem, and you have the ability to have a good business, but the basis of all that is solving an important problem. >> omg. dan, i couldn't believe listening to that interview and he asks how do use want to be referred? i don't know, i guess as ceo, i don't know. >> do you think that facebook is going to change the guy that mark zuckerberg has become known to be? >> he has never appeared to be concerned about money, but for the first time, facebook has to worry about whether or not they make money. i'm sure they will be working very hard that it doesn't change the experience. >> i do know just to wrap this up, i know one wall street analyst was quite offended when he showed up for the rode show

the big party this morning when zuckerberg rang the bell and it is really the story of mark zuckerberg, the kid who invented this in his dorm room has come full circle. >> it is a great american story especially given the troubles in the economy for the last few years. it's wonderful to see this. company was a coding project in a dorm room eight years ago used by one-eighth of the population and an extraordinary business, as well. >> a lot of people have some -- people have said some unkind things about mark zuckerberg in the years since facebook's creation. you make a great point which is to say mark zuckerberg has been great manager and learned lessons, as well. the team zuckerberg has built facebook is pound for pound one of the two strongest management teams in the industry with the other being apple. this did not happen by accident. mark worked his way through it position by position. >> as a college kid, he did plenty of stupid things. facebook made plenty of mistakes but mark from the time he was 20, was told you want to run this company, you need ceo lessons. he asse

three teens' emotional journeys to lose hundreds of pounds. >>> and mark zuckerberg, how's this for a time line? mega billionaire on friday, married on saturday, then sued by tuesday. inside the facebook fiasco. >>> plus, an idol life. tonight another big winner, but the post idol road is not always paved in gold. from cutting hair, to singing in karaoke bars. we track down some former american idols to find out where are they now. >>> good evening, i'm cynthia mcfadden. tonight we take you inside a boarding school that's a last resort for critically overweight teens whose lives may hang in the balance. in a country where nearly one in three kids is overweight or obese, they are not alone. and the road to health is a difficult one indeed. abc's juju chang was invited inside to meet three teens with the courage to make a change. >> let's go. >> jenna weighs 240 pounds, a morbidly obese teenage, she's already diabetic and even has troublewalking. >> i see it as fat. >> reporter: she says she was struggling and being taunted. >> being called a white whale, hippo pot mus and many other na

with the west. plus, candid behind the scenes footage of mark zuckerberg well before he became a billionaire. ♪ ♪ and the flowers and the trees all laugh when you walk by ♪ ♪ and the neighbors' kids... what does being true to yourself have to do with being healthy? everything. ♪ but you're not ♪ you're the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one, one, one ♪ the one ♪ one, one, one... so i brought it to mike at meineke. we gave her car a free road handling check. i like free. free is good. my money. my choice. my meineke. >>> heads rolling at jpmorgan chase. that woman, ina drew resigning today as the firm's chief investment officer. she's the first executive to fall after jpmorgan lost $2 billion in really lousy trades. drew is retiring, but smefs one of the most powerful women on wall street. also making news, the drums and the symbols are going to be very quiet for the next year at florida a&m. the school's acclaimed marching band is suspended through 2013. all of this as punishment for hazing which allegedly is what led to the death of dru

>>> buy, sell, or like? there's only one question to ask as facebook goes public in a week. should you buy it? welcome to "your $$$$$," i'm ali velshi. facebook stock begins trading on friday. the ipo price is expected to be somewhere around $35 a share. but you have to be in the top 1% if you want a crack at that. for the other 99% you're looking at an initial price that could be $90 or $100 a share. we could talk endlessly about facebook the company, its growth prospects, how it will manage as a public company. but the question you should be asking is, will you make money if you buy the stock? that is the question i'm posing to three guys who should know. ned reilly is the chief investment strategist at reilly asset management. nanette, executive vice president at vpu investment. craig shapiro with the collaborative fund, an early facebook investor. all right. so there are four kinds of investors vying for a cut of this ipo. early stage investors like craig, they got involved a long time ago. institutional investors, the people who will buy it before it goes public. high net worth retail investors, you know, relatively rich people who trade often. and then there's everybody else, the average joe retail investor. that's likely most of you out there. starting with ned i want to go one at a time. ned, good to see you, my friend. we'll talk later about whether one should or shouldn't buy this. what do you think a retail investor who gets on to their trading platform at 9:00 on friday will be likely to pay for facebook when it opens? >> you know, you said $90 a share, i said a 50% premium. this is one of those situations where it depends on how much stock is shorted -- by the way, craig, i want to congratulate you. this is incredible. you must be waiting for next friday. as a retail investor i wouldn't approach the stock on friday or the next monday, tuesday, or wednesday. i wouldn't go near it. would not go near it. >> so you think 50 bucks, somebody gets it for? a 50% premium? >> 50, 60, you're talking about $6 billion in flow. i wouldn't be surprised if that trades three times in the day. >> ned says maybe around 60. do you buy it on the first day? ned says no. ned, what do you think that does in a year? take a guess. where do you think it goes? >> i think it will be lower. i think it will be lower than the highest price we see next friday. and without going into the fundamentals, it's just another new kid on the block that eventually will burn investors and the prices in the new offerings and the ipos are absolutely ludicrous. look at linkedin and the others. yeah, they're selling a little bit higher than the original, but a lot of them haven't. and if you look at the history of ipos, it hasn't been have var good bet to go out there and buy on the opening day. >> now, ned, what do you think it opens out? what do you think somebody gets to buy this stock at at 9:00 on friday? >> i think wyou're going to be more in the 70/75 range when it opens. it will trade somewhere in that neighborhood all day. maybe it ticks up from there. but that's a tough one to buy first trading day. >> you're a no on day one as well. where do you think it is in a year? i just reminded our viewers, google is one of those company that's almost triple a year from the date. >> it's a good question, and it's going to depend on a couple of factors. how are they going to monetize the business? everybody knows facebook is a cool company, 800 million subscribers plus. if the market's doing well and they can monetize and sell ad revenue, i think the stock can go a lot higher from there. >> your guess is probably higher, under normal conditions. it's a good point, though, markets do have something to do with this. it may not just be about facebook. craig, you are one of those early stage investors, a venture capitalist. you get involved in start-up companies, some of which do very, very well and return your money, some of which probably don't do all that well, so you're hoping for the big one. what do you think somebody buys it at on friday? >> i think it's going to come out strong out of the gate. my hunch is somewhere in the mid-40s to 50. i'm not quite as optimistic that it's going to shoot up, just at the valuation, even where it's pricing at, it's fairly rich, but i think it's warranted. >> so to ask you the question about whether one should buy or not is a tricky question, because you were an early investor, you've got facebook stock. but if it weren't you and it came out at 50 bucks, would you put an order in? >> yeah, and to clarify, i would buy it regardless on day one. i learned a lesson with google's ipo. it felt rich coming out in the '80s, and i thought, i'm going to hold off. >> and your general view -- and this is a key point for our viewers. you may still be able to invest in the stock, it may not be important that you invest in it 9:00 on day one. >> so you said it felt rich, are you saying you would or you wouldn't buy on day one? >> i would, yes. >> let's change that to a yes. i would say that the answer to that suggests that you think in a year the stock will be higher than it came out at? >> yeah, i think for sure, over the long haul, with they're a team to bet on. i think the executive team there and touching nearly $1 billion is extremely powerful. and ned is absolutely right. if they can figure out how to monetize that effectively, there's incredible room to grow. >> so you all have reasons to think that. it seems like people are gambling. people are saying, should i cash out this and buy a whole bunch of stock. nadav, how do you as a retail investor, my viewer, calculate whether it's a fairly priced stock and how much you should put into it of your portfolio? >> evening get es back to the individual investor. for me and my clients, i deal with the retail population that's rather conservative. i'm going to have to see a couple good quarters of earnings growth, and then to continue that earnings, and again, as i mentioned earlier. if you can monetize, it's a great company, and i would agree with the last speaker. their team's as good as any team out there. fwo google, obviously, is doing it. i own google and apple for clients and portfolios. and i would love to own facebook, and i will own facebook if, in fact, they can monetize it. and the valuation side, i get, but the reality is that there's a lot of momentum, social media's here to stay. and again, if they can monetize this thing, it's going to be a really good investment. long-term portfolios should own it, if, in fact, we see the earnings growth. >> ned, final question to you. you're not hot on the tech ipo concept, but if at some point this stock settles into a little range, you said you wouldn't buy it on the next friday, tuesday, or wednesday. at some point do you think it's a good stock to get into? >> i would like to see the management a little bit optimistic about to switch to mome mobile. when they come out and amend their statements and say, look, it's hurting us already, i get a little nervous. they're telling you at the outset that maybe the earnings aren't going to be good at shorter term and i'm paying 100 times earnings. i don't know what the heck i'm going to pay for it. what does bother me, i've been a part of so many stalks that have had great potential, 1999, and 1998, and went to the ashes. and there was no phoenix rising from a lot of those stocks. i'm not saying that facebook isn't the greatest novel idea in the world. a billion subscribers. but that also opens up the competition out there. you had the linkedins of the world and a lot of other social internet-type companies and there's no barrier to entry in this -- you know, facebook was there. they did a great job. i'm not knocking them for that, but the competition is going to be intense as you go forward. and making money, you guys were right. monetization of the product is going to be really financial. i don't know how they're going to do it if they don't know how they're going to do it now. >> craig, answer those questions. the idea that facebook ---io iy know, everything's going mobile. everything's happening on your device and it's tougher for facebook to get the advertising that's relevant on to a phone. >> two things that have me feeling optimistic. one is that in the business that i'm in, early stage investing, i see the cap table of a lot of start-up companies. mark zuckerberg's name is never on a cap table. and that's unlike virtually any other executive founder, certainly in silicon valley. it shows me that he's laser focused on growing this business. and the second is, you know, i read yesterday about kind of mark's influence in bing's redesign, and integrating social into search. he participates in the hackathons at facebook. and it really shows me that he understands the product and the business and where it's going. a very different story from yahoo! or some of the other businesses that are available to investors. >> craig, thank you so much. it's interesting -- yeah, go ahead, ned. >> one comment, and craig, i don't know if you were there or not, but i knew another inventor, and i would call mark an inventor. another inventor, many years ago, got laser vision on one particular product and drove the company right into the ground and that was somebody called dr. land back in polaroid when he had the concept of coming out with a pocket camera. amazing, 30 years later, he's right. but he drove that company into the ground because he spent so much on the product and he couldn't make it work. >> all right, interesting that the guy who's invested in this, craig, thinks it's going to come out at the lowest price. here's what you've got. you've got 60, 75, 50. last week we had matt mccall saying you may not get it for less than 90 on day one. ned and nadav say don't buy don't buy it on day one. and ned thinks it's lower a year later from the first day, the two other guys say yes. you'll have to make your own decision as to whether you put your money in the stock. coming up later, mark zuckerberg courts wall street's billions and does it in that hoodie. is it a sign of the times or is this immaturity? >>> up next, it's been four years since the financial crisis, and already wall street is is betting bigger than ever. it seems that lessons were not learned. there's no one better qualified to answer that question than my next get. shelia bair is credited with saving the banks during the last financial crisis. she's up next. you're watchi ining your mun on. [ shapiro ] at legalzoom, you can take care of virtually all your important legal matters in just minutes. now it's quicker and easier for you to start your business... protect your family... and launch your dreams. at legalzoom.com, we put the law on your side. er is different your dreams. but centurylink is committed to being a different kind of communications company by continuing to help you do more and focus on the things that matter to you. homicide of young people in america has an impact on all of us. how can we save these young people's lives? as a police chief, i have an opportunity to affect what happens in a major city. if you want to make a difference, you have to have the right education. university of phoenix opened the door. my name is james craig, i am committed to making a difference, and i am a phoenix. visit phoenix.edu to find the program that's right for you. enroll now. i bathed it in miracles. director: [ sighs ] cut! sorry to interrupt. when's the show? well, if we don't find an audience, all we'll ever do is rehearse. maybe you should try every door direct mail. just select the zip codes where you want your message to be seen. print it yourself or find a local partner. and you find the customers that matter most. brilliant! clifton, show us overjoyed. no! too much! jennessa? ahh! a round of applause! [ applause ] [ male announcer ] go online to reach every home, every address, every time with every door direct mail. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering, web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> jpmorgan chase is the country's largest banks. it's also one of the banks that emerged from the crisis in 2008 from relatively good shape. throughout the crisis, jpmorgan made a profit every quarter. jpmorgan's ceo jamie dimon has led the war on regulating the banks, but his stunning announcement that jpmorgan has loss $2 billion in trades over the past six weeks and could face an additional $1 billion of losses made some jaws drop on wall street. >> the new strategy was flawed, complex, poorly reviewed, poorly executed, and poorly monitored. the portfolio has proven to be riskier, more volatile than we thought. >> the admission by dimon and the bank will hurt jpmorgan's reputation as one of the best risk managers among the big banks. what does it say about our financial system overall? shelia bair is credited with saving the banks during the last crisis. she's the former chair of the federal deposit insurance operation. currently a senior adviser at the pew charitable trust. shelia, good to see you again. >> thank you. >> there's a lot of things going through my head on this, but when i heard it, it took me back to september of 2008 when i had to struggle to understand this thing about credit default swaps and aig and how they were engaging in fwhbusiness of insug themselves against risk without loss. i thought, is this happening again? >> i don't think it's happening on a broad scale and i would attribute jamie dimon with saying that his bank made mistakes. it was in contrast to 2008 when people said, it wasn't my fault, other banks were doing it. he's owning up to the fact that this appears to be something spectacular to his institution. they made some serious mistakes. it does make you wonder, though, this is one of the best managed, larger banks in the country, if this kind of thing can happen, what's going on in some of these other institutions. >> it brings us back to the question of regulation. that's now a big deal. senator carl heavlevin has alre said, it's the banks that are faile that are now engaging in risky behavior. let's talk about the regulators. this is always a problem. where the banks are going to hire the highest priced people that can work their way around this stuff and regular urtors f it very difficult to keep up with this kind of regulation. >> they do. and the top of my reform list has been getting more entities into capital banks. you'll always have unexpected losses and bank managers at well-managed banks, things happening at those banks that are stupid and generating unexpected losses. if you have a thick capital cushion to absorb those losses, you'll be able to stay ahead of it. but trying to micromanage institutions, or even with hoards of examiners going in there and hoards of regulations saying you can do this, you can't do that, things will all fall through the cracks. i think, also, regulators immediate to put a high priority on simplifying these banks, their legal structures, dividing a commercial bank from the security firms. having intermediate boards and managers there to provide more oversight of these institutions. i think that would be a tremendous boon to better management and i think that would help shareholders also understand what's going on inside of these institutions. i was speaking to a fairly sophisticated investor group recently. this is before all of this came out, obviously, and i said to them, i said, raise your hands, who in this room understands what's going on inside jpmorgan chase. and not one of them raised their hands. so i think shareholders have also an onus to put more discipline on the institutions and find out what's going on inside of them. >> we should tell our viewers, because i think many of them will not understand the highly complicated world of credit default swaps. this was done by what was call a proprietary trading desk. in the old days, investment banks made their money by matching up investors and people who needed money. these trading desks, they're a relatively new creation and they have traditionally made a lot of money for the banks. >> they have. and obviously, wis this core of what the volcker rule is trying to get at. which is trying to ban taking directional bets on the market, just to generate profits. not accommodate a customer, but generate profits for itself. i'm still learning about this, but it appears this was a hedge, or an economic hedge. it was a hedge designed to protect jpmorgan chase against broader economic risks, that it confronted in the market. the volcker rule, at least as it's currently proposed, may have actually allowed this. but a lot of advocates have been saying that the fed and the other regulators need to narrow the hedging exception in the volcker rule to make sure those hedges are tightly correlated to the underlying risks they're trying to hedge. if you have a good hedge, you shouldn't have this happen. if you have a loss on one side, you should have a gain on the other to offside it. a $2 billion on one side of a hedge is quite problem mat ibat is going to lead to a lot of questions. fl and you have an article coming out in "fortune" about the discussion we've been having over the last several weeks about interest rates and what the fed will do. i'm going to tweet that out to our viewers and we'll continue that conversation. shelia bair, always great to see you. thank you so much. >> nice to see you, thank you. >>> coming up next, could governor romney's about-face brag about saving the auto industry cost him the key bat e battleground state of ohio and maybe the election? 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[ male announcer ] new icy hot arthritis lotion. powerful encapsulated menthol gets icy to dull pain, hot to relax it away. power past pain. >>> republican presidential candidate mitt romney told an ohio tv reporter last week that he can, quote, take a lot of credit for the recovery of the u.s. auto industry. >> it was the uaw and the president that delayed the idea of bankruptcy. i pushed the idea of a managed bankruptcy. and finally when that was done, and help was given, the companies got back on their feet. so i'll take a lot of credit for the fact that this industry has come back. >> romney was a vocal opponent of bailing out the auto industry. in 2008, he wrote a "new york times" opinion piece entitled "let detroit go bankrupt." in it, he wrote this. "if general motors, ford, and chrysler get the bailout a their chief executives asked for, you can kiss the american automotive industry good-bye,." well, the government shelled out $81 billion to gm and chrysler, ford didn't take any money, and that money is credited with helping them through bankruptcy and many experts contend avoiding liquidation, potentially saving millions of jobs in places like michigan and ohio, where auto is king. now, perhaps democratic strategists and cnn political contributor james carville summed it up best. >> and i mean like today, this auto bailout thing, i thought that was an onion headline when i first saw it. >> joining me now from washington, cnn's chief national correspondent, john cking. john, i have a thesis i want to run by you. mitt romney has already lost this election because of this. voters in ohio, autoworkers and union workers are alienated by his status on the the bailout, because it is gm country in large part. they will hand that state to president obama and without ohio, probably, romney doesn't get to the white house. what do you think? >> you're absolutely right about the last part, without ohio, romney most likely doesn't get to the white house. no republican has won the white house in modern times, ali, without carrying the state of ohio. and if you do the math, how do you get to 270? for mitt romney, he has to have ohio. yes, there are other ways, but it's much harder. he needs to get ohio, he needs to get florida. auto is king in ohio, it's the number two state, behind michigan. it's about 75,000 jobs in the state that are tied to the auto industry, not just manufacturing, but the parts and supply chain and all of this. governor romney needs to get off of this. he makes that point that the unions got a sweetheart contract out of that deal if and if you would have gone straight into bankruptcy without that deal, with they would have come back. would've, could've, should've. this is not a winning argument for him. he needs to have a broader economic argument. he needs to get away from the all bailout industry, and more to make his case, higher taxes, more regulation are putting the economy in a straight jacket and keeping the recover from blossoming. if he's debating the auto bailout from now to november, it's an even proposition. if he thinks or he's trying to convince himself he's right on the facts, he's not going to win that one. >> union workers make up about 12% of all workers. they're shrinking in number, but they're still a force. would it be better or is it too politically dangerous for mitt romney to change course on this and say, what i said back in 2008, i was wrong. >> he's had that chance. throughout the primaries, i asked him about it. if he was going to change his mind, he's had his chance. and his point is, yes, in the end, they did go through a bankruptcy. again, you're arguing the semi-colons and the middle paragraph. in the big picture, the auto industry is back. and president obama will travel to those states, surround himself with those workers, and it's a fascinating dynamic. if you look at american politics, go back to ronald reagan, a lot of them were those union auto workers. their unions traditionally back democrats, but maybe they own guns or are conservative on social issues, so they voted for republicans in the past. romney needs some of their votes, so they can't be arguing about their job today. he has to may the argument about the broader economic conditions and make his case that he would give you a better growing economy and create more auto jobs and more everything jobs, if he's debating this bailout to november, one state, in one state, it could turn the election, and without that state, he probably can't win. >> i expect we'll both be spending a lot of time in ohio in the next coming months. thank you for that. stevphen moore is an editorial writer for the "wall street journal," joins me now. james carville put it well. it did seem that was like an article out of the onion. >> i think that was a dumb thing to say, but ali, i disagree with you. i still think the auto bailout was an economic loser and more importantly, a political loser. there are a lot of auto workers in the state of ohio, as obviously there are in michigan, but you know, let me tell you. i live in the battleground state of virginia. do you think that the auto bailout is very popular in the state of virginia or another battleground state, north carolina? so i would make the case that for mitt romney to win this race, what he has to say is, look, the other guy, you know, barack obama is president bailout, and if you want free market policies, if you want an end to the bailouts, elect me. i think it's a very populous line that mitt romney could take. >> but you know that frankly the auto bailout was more detrimental in your communities because of car dealerships and things like that. because of advertising and things that they did. i'm not sure that anybody looks back on the last four years and says, this was a mistake. do you really believe the whole thing was a mistake, despite what it says about what government's role was? it did work? the auto industry is back. >> i agree with you entirely, the auto industry is back, it's booming. a big percentage of the gdp growth we had last month was the result of us a sales, and auto production. you're right about that. but where i disagree with you, i just think the american people outside of washington, d.c. and new york where you live think that the word "bailout" is a fo four-letter word. i don't think it's a good policy to say, we're going to bail out every failed policy, every "fortune" 500 company when they get into trouble. one other point that i think is important in this debate, ali, the auto company that's doing the best right now is ford, the one that didn't take any money at all. what i objected to, and i think a lot of people object to, is the way they went about the bailout as well. as you know, the people who really got shafted in that deal were the bond holders, because, essentially, what i think the president did was he put the interest of the union members ahead of the bondholders, and by the way, who are those bondholders? you and me and anyone with a pension fund. >> stephen moore with "the wall street journal", thank. >>> use the auto industry as an example. what was the right thing to do, bail them out or cut off their lifeline. same debate. in europe, same debate here, austerity or more spending? 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[ laughter ] we're servers at red lobster. and we sea food differently. >>> from paris to washington and seemingly everywhere in between, it's the same question, is it time for governments to spend more or save? it seems there's no magic formula. stimulus can produce growth. austerity can produce growth. cutting taxes can produce growth. now, austerity happens when governments cut back on spending in order to get debt under control, but voters generally tend to dislike cuts, because they get less. so governments typically don't impose austerity, in many cases, until it's almost too late. that was the case in greece, and to some extent, in france. the voters in both countries pushed back last weekend and voted out their pro-austerity leaders. on the other hand, stimulus is when the government pumps money into the economy in order to stimulate demand and aid business. the obama administration used stimulus in 2009, as you know, but at the same time that the federal government ramped up spending, state and local governments can cut back. so in effect, we tried stimulus and austerity at the same time. ben barber is a distinguished senior fellow at demos, will kaine is a senior cnn contributor. let's agree on something, the debate isn't austerity versus growth, which is how it's been painted in france. those two things aren't necessarily opposites. but let's talk about the best way to grow an economy. and that is where economists, and americans, disagree. take a look at this guys. a recent poll from cbs news and "the new york times" finds that 56% of americans believe spending more and raising taxes will stimulate growth. 37% say we should lower taxes and cut spending instead. those are opposites. well, governor mitt romney, governor mitt romney supports paul ryan, the budget chief's ideas, in terms of cutting the budget. and they represent in an american context the austerity side of things, to some degree. has austerity ever created a job? >> well, yeah, man, what kind of question is that? does north korea have more jobs than south korea? who has a more vibrant economy. when you ask me, does austerity ever create jobs? that's the logical inpoint of that kind of argument. but the real question -- >> you meaning the logical end point is austerity should create jobs. >> and by extension, does the private sector create jobs? i think by this point, we all clearly know the answer to that. the real answer to your question, though, is it depends. it depends on the scenario you find yourself in. if you find yourself in a session with low private debt and high public debt, austerity would make sense. and we did after world war ii. but if you had the reverse, high private debt and low public debt, you'd have a hard time arguing for austerity. in europe, you have a tough situation, because you have both, and the bond holders are like, look, you may need to borrow to stimulate, but we don't trust you anymore. in the united states, it's more complicated. the long-term seems pretty clear. >> just to be clear, in greece, the voters have said, we don't want austerity, but the people upon whom they depend to lend them money have said, we don't really care what you want. you're not getting the money if you don't do it. ben, help me out. in times when private enterprise doesn't do what will has described, does it not fall to government to do that? >> you haven't talked in europe about the third partner in this negotiation. the greek leaders are not saying, screw what the greek people think. they're saying, we're going to get screwed by the bank if we don't do the conditionality that they're asking for. so they don't like it, and what's happened with the socialists, they're saying, we're not going to do it anymore. and even merkel is saying in germany -- i know we want to talk about the u.s., but it's very important. we're in a situation right now where america is trying to be more like germany and europe was for the last few years. and europe is trying to be more like america is supposed to be. but the answer to your question, does government have a role, of course it has a role. the federal government is the constitution of last resort in times of crisis. if this isn't a crisis, the recession that we're in, the problems we're having, if it doesn't have a role in getting jobs moving with stimulus, with tax revenue increases, if that's necessary, in cuts, in the more fat parts of the budget, not the kids, not food stamps, but then the federal government isn't doing its job. and you know what, 56% of the american people agree with me. >> will apparently doesn't. >> i do not. it is not the federal government's role to create jobs. it's the federal government's role to create the conditions for job growth. and toihistorically, the condits for job growth is low taxes, low spending, clear confident, low-regulation environment as possible. as possible. that's the best conditions for growth for the private sector. >> will and i agree on that, but let's take detroit. there's a perfect example in the difference between the parties, because romney said, let's have a structured bankruptcy, fine, and obama said, yes, everybody agrees. romney said, let the market pay for it and there was no money in the market. bain capital didn't put anything in it. the only people who can fund that structure was the taxpayers and the federal government and that has now, first of all, the government's been repaid everything, so the taxpayers got back their money. second of all, we now have a world in which american motor companies are very, very competitive, and in which 800,000 plus jobs were saved in detroit. i agree with will, they didn't create those jobs, but acted in ways those jobs were recreated and saved detroit. >> so the thing that most everybody agrees upon is that we want job creation. whatever we do, we want job creation. europe, it's substantially worse than it is, but it's bad here. the next biggest thing that people concern themselves in this debate between austerity and nonausterity are taxes. when we come back, that's what we're going to talk about. is it time to cut or raise taxes. and later, rare insight into mark zuckerberg. we'll look at the man who remains an enigma. >>> you know, comparing to europe, we're discussing the best way to grow the economy here in the united states. will cain and ben barber are back with us. president obama wants to raise taxes on the wealthiest americans and allow some companies to pay a much lower rate. governor romney says we need to make the u.s. tax code flatter, fairer, and simpler. like president obama, he wants to reduce corporate taxes, but to an even lower rate. so, ben, how do we lower taxes to stimulate growth without at the same time killing the economy because the government doesn't have enough money to do what it has to do? >> well, as always, the question is, revenues from who, austerity for who? and my problem with the present discussion, with republicans, is that it's austerity for kids, austerity for the poor, austerity for the disabled, they're all cut back in the budget proposal passed yesterday in the house. it's more money for defense, which is already 56% of discretionary spending in america, more than half the budget. the next 17 armies don't make, including germany, france, don't put in as much as we do, and that is a full 26% of the budget. i say let's take some of the fat off the defense budget, let's leave the money for the kids and let's raise revenues marginally in places where people can afford it. right now we're asking families to give up their food stamps? kids to give up their school lunches while we refuse to tax millionaires a little bit more. that to me is absurd. >> the defense spending in this budget would top $2 trillion and our polls indicate that americans find that jaw dropping. for everything we're talking about, it does seem like a strange priority? >> it's a source where you could find some government cut baback. but your original question about taxing is interesting. i'm going to bother a phrase from the father of stimulus. he talks about getting consumers brave and ambitious and motivated to spend and invest in a society. how does that apply to the tax code? i would argue that the best way to get people ready to move, invest, and spend is to simplify this tax code. i want to curse before i say tax code. to simplify this thing. you can both raise revenues and create a more conducive environment for growth by simply simplifying this tax code, dropping rates, getting rid of loopholes. you could end up with more and higher growth. >> i think that we can agree on. >> and that's not on the table. >> -- at the end of the year, going off a tax and spending cliff by the end of the year, will be packed into the last two months of this year. >> a country that wants to raise defense spending on the backs of children, the disabled, and those most vulnerable in a society is really barbaric. and i think that's why 56% of americans say, we've got to get more coming in so we don't have the cuts or the disabled and make those horrendowhhorrendous that will make it impossible for poor people to go to the emergency room. and we're not doing anything on that part of the budget that has all that fat in it. i'm talking about our 11 carrier fleets. i am talking about nuclear weapons that were developed, icbms for the cold war, for which there's no use and which we spend billions every year just in maintenance. i'm talking about cuts that will not affect america's ability to fight war. >> there's some room for cuts in the department of defense. >> i love it when you two agree. >> can you imagine a world in which the tea party join forces with occupy wall street? >> i think we are on the verge of a political movement that says, essentially, we're going to take back the economy, take back democracy. we're not going to let the big guys run everything. >> hmm. that sounds like odd bedfellows. it sat down with former labor secretary robert reich next on "your money." on that list. in 25th place. let's raise academic standards across the nation. let's get back to the head of the class. let's solve this. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. 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[ male announcer ] we are insurance. ♪ we are farmers ♪ bum, ba-da-bum, bum, bum, bum ♪ >>> "time" magazine named robert reich one of the ten most effective cabinet secretaries of the last century for his time heading the department of labor under president clinton. hi n his new book, "beyond outrage," is dead indicateddedicated to ol street. it has raised the volume in the debate over fairness in the upcoming election. so i had a very simple question for secretary reich. what is fair? >> when somebody kind of ask themselves, is the economy fair? what they're asking themselves is, am i doing better? am i working harder? am i seeing the results of my work. but also, are the gains from goet growth being distributed in such a way? my company, my ceo earning million, my job son the line, my benefits are decreasing, my median wage is decreasing. that feels unfair to me. and that sense of unfairness cannot help but infect somebody's attitude. >> the problem is it becomes subjective. what is fair? how much should that ceo be earning? what should the 1% be doing? where do we fit into figure the answer out? >> there are two ways. we can look at the past, and think, this is wildly different from what it was over the last 50 years. we could also look at the economy overall. i mean, the problem is that when you have the top 1% getting so much of the economy, there's not enough purchasing power in the rest of the economy to keep the economy going. the top 1% would do better with a smaller share of a rapidly growing economy than a current large share of an economy that's basically struggling to grow. >> would that happen if we distributed economic wealth better? i know that's a touchy topic. but if more of the 99% got more of the money, would they employ it more effectively? in other words, would we see more economic growth? >> well, we would. because the demand side of the equation is the problem. business people agree that the reason they're not hiring, they're not expanding is that there's not enough consumption, there's not not consumers with enough money in their pockets. if you did that, if we had a distribution of the gains from growth, again, not at a zero sum gain, just a distribution, similar to what we had in the '50s, '60s and early 1970s, we would have a more robust economy. >> in this country, there are people on the left and right who feel the richest have stuck it to them. that there's wealth that's too concentrated, yet we with can't make that into a broader movement. we've got people in the tea party who have that view, as many of the occupiers do. this is that serious a problem, why has it not created greater cohesion in terms of a political force? >> i believe it will, ally. i've talked to tea party members that say we're still outraged by the bailout and the subsidies going to the oil industry or big agriculture, or insurance. we want government to get out of the job of essentially providing tax base and subsidies to the industry. think of the overlap. a lot of people on the right in terms of the tea partiers say the problem is not the size of the government, it's the amount of money, big money that is controlling government. a lot of people in the left say exactly the same thing. i think we are on the verge of a political moflt that says essentially we're going to take back the economy, take back democracy, we're not going to let the big guys run everything. >> former labor secretary bob reich. >>> eight years ago, he had no job, no car, no house. he's ranked number one on the most powerful people list, zuckerberg is 35 on the most valuable list. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. >>> mark zuckerberg, the face of facebook meeting with potential investors in a hoodie this week. divided opinion on whether it matters as he takes the company public. some find it cool, hip, the new thing. the ceo of business insider wrote this week's cover story for new york magazine on zuck. at least he showed up in new york. he blew off his meetings in baltimore, boston and philadelphia. henry, this stock is likely going to sell itself. i'm hearing all these rumblings about people who think he's unorthodox and should put a tie on and all this stuff. do you think it makes any difference? >> no, i think it is going to sell itself. it's a great company. great growth prospects. everyone's been excited about it for a long time. however, very symbolic moment, the hoodie moment. it's gone viral. it's the culture clash between silicon valley and wall street. part of wall street's frustration with it, i think, is their frustration with facebook, which is that mark zuckerberg has full control of the company. he really doesn't care about wall street. wall street nors thknows that. most people suck up to wall street, but not mark zuckerberg. you're asking for $10 billion. okay. maybe you could put on a tie. >> all right. pom line, though, a lot of these startup companies as they start to do well, far earlier than facebook got into this, and hiring of a grown-up. there's some people worried he's not that. >> that was the model in the 1990s. you've got the quirky founder with the bad hair and sandals. they're great at programming, but they can't run a company, let's be serious. so you bring in a professional ceo. what a lot of people in the valley have observed over the last ten years, a lot of those companies lose their way. apple dispensed with steve jobs and they almost went bankrupt. the new model is, you keep the founder in charge, if they learn what they need to learn and you build in a great professional underneath them. cheryl sandberg. >> she's widely lauded. if you're teaching the young guy something, to some it's symbolic, that you can teach him to put a tie on. >> to mark zuckerberg, i think the point was, i have said very clearly that my mission here is a social mission, not a business mission. if you are not listening to that, that's your tough luck. >> right. and i'm not going to alter my routine to suck up. all right. i think most investors will either get past it or not, right? nobody who thinks this company's going to do really well is not going to invest in it because of the hoodie or the presentation. but they might be concerned about the amount of control he is going to wield over this company. should they be? >> absolutely. this is a bet on mark zuckerberg, period. i think most investors sort of generally have an illusion of control that they don't actually have with most companies. in this case, there's no illusion. he has 57% of the voting control. so anything he wants to do, he can do. you can scream. but that's it. as long as he listens your screaming and blow it off, they'll be fine. >> most retail investors are used to the idea, you're just betting on the success of the company. >> it's not really that different. i think to sort of bolster mark zuckerberg's view of this, he's seen a lot of companies ruined by ceos making short-term short-cuts to please wall street, by boost earnings, by firing people and cutting investment. he said, i don't want to ever be forced to have to do that. if you buy into the long-term vision, this could work out very well for you. >> henry, good to see you, as always.

>>> good evening. i'm diane dwyer. on the heels of a history-making ipo, mark zuckerberg, the ceo of facebook had another big day today. he got married. it was all kept a secret till the groom posted a wedding photo on where else, his facebook page. nbc bay area's monte francis has more on the event. some big-time wedding guests, as well. hello, monty. >> good evening. that's right. tonight mark zuckerberg changed his facebook status to married and tonight here at his home just down the street, the wedding reception is still under way. >> fewer than 100 guests came to mark zuckerberg's house in palo alto saturday afternoon for what they thought was a party to the celebrate priscilla chan's graduation from medical school. instead it was a wedding in his backyard. these photos show the happy couple after the ceremony. a person authorized to speak on their baffle says chan's ring featured a simple ruby. at about 8:30, the lead singer of green day billy joe armstrong was seen leak his house. he had his guitar in hand so we assume he was there to perform. as it grew later, guests dance

zuckerberg. she owns a little bridal shop and it turns out that the new west of mark zuckerberg used a fake name to shop in their. no one that works there had any clue. >> saturday when we learned, after the wedding, the she had won a down from us, we still did not realize that she was actually one of our brides. >> the down with pricey, but not for mark zuckerberg. $5,000. even if she had known her shoes was selling the dressed him, she would not have raised the price. >> it is good that she went in cut needle. >> and courage in the bay area to be fresh and stay healthy. a look back at 20 years of tony tantillo. >> ,,,,,,,,,,,,,,,,,,,, >> we're here with a fresh grocer. tony tantillo, you're talking tomatoes. >> we're talking tomatoes, because these clustered tomatoes are fantastic and so much of them. as low as $1.49 per pound. nice and read all the way around. the stem needs to be green. it needs to have a wonderful aroma. once they start to turn brown that means all the nutrients from the stem have been taken so it will fall off. so enjoy it like this. and store them on the counter

. >>> tonight on "nightline," obesity, boarding school. as childhood obesity rates soar higher than ever, one radical school promises even the most dangerously overweight kids a way out. we follow three teens' emotional journeys to lose hundreds of pounds. >>> and mark zuckerberg, how's this for a time line? mega billionaire on friday, married on saturday, then sued by tuesday. inside the facebook fiasco. >>> plus, an idol life. tonight another big winner, but the post idol road is not always paved in gold. from cutting hair, to singing in karaoke bars. we track down some former american idols to find out where are they now. >>> good evening, i'm cynthia mcfadden. tonight we take you inside a boarding school that's a last resort for critically overweight teens whose lives may hang in the balance. in a country where nearly one in three kids is overweight or obese, they are not alone. and the road to health is a difficult one indeed. abc's juju chang was invited inside to meet three teens with the courage to make a change. >> let's go. >> jenna weighs 240 pounds, a morbidly obese teenage, she's already diabetic and even has trouble walking. >> i see it as fat. >> reporter: she says she was struggling and being taunted. >> being called a white whale, hippo pot mus and many other names. >> reporter: that's terrible. how does that affect you when you hear those words? >> it affects me like miserable, very sad and helpless. >> reporter: as a last resort her parents pulled together thousands of dollars in tuition to send her here on the welspring academy in rural north carolina. it's a boarding school like no other for kids 11 to 18. she joined students like 16-year-old michael schlesinger who arrived nine months ago, weighing 428 pounds. was there a straw that broke the camel's back? >> just being out of breath walking down the block. i had enough. the seat belts became a problem. >> reporter: in the car? >> yeah. it bothered me to know that i can't even barely sit in the car anymore. >> reporter: he says his first week felt like torture. >> my shin splints, it would hurt to walk. >> reporter: how many times did you want to quit? >> in that first week, i don't think i can count that high. >> reporter: weight loss is the core curriculum here. the school year is literally a race to save their students' lives. they'll spend months cut off from their families, they get two ten-minute phone calls home a week. they'll eat every meal in this cafeteria. they're not as obsessed with counting carbs. they're focused on fat, their goal is zero grams a day. >> veggie, sausage, and egg beaters with ketchup. >> reporter: they offer a portion controlled salad bar designed to teach stuns self-control. no tv except in the jim and no food outside the dining hall. of course the students have a weekly weigh-in. >> how did you do on monday? >> 269. >> how did you do today? >> 267.5. >> reporter: all right! what was that like to get on the scale the first time? >> i lost 15 pounds the first time. it made me want to keep going. >> reporter: over nine months, he lost 160 pounds. the students are rewarded for brisk morning walks and intensive exercise. >> i just want to go lay down. >> there you go. put your hands over your head. >> reporter: but the physical demands send her to the emotional brink. >> god put me here for a reason and my mom and dad put me here for a reason. they want to help me lose weight and they're doing the same thing at home. >> reporter: it's a lonely battle, but she's far from alone. childhood obesity has tripled over the past 30 years, now every one in three school-age kids in america is obese or overweight. but wellspring believes the solution to this epidemic lies as much in a kid's mind as in their metabolism. >> i just feel very nauseous. i took a drink of water. >> here, in addition to math and history, the students will undergo intense behavior modification, through meticulous food diaries. >> every day, you do what you ate in that meal, the calories, the fat grams. >> combined with talk therapy. >> i'm pedrified of gaining even like five pounds. >> sydney has been here nine months and is about to graduate. she got here weighing 211 pounds. >> within the span of an hour, i would eat like a day's worth of calories. >> reporter: she's lost 67 pounds total, but she still sees a 200-pound girl staring back at her. >> i'm very aware of all the weight, and so it's hard to like shake that feeling. >> reporter: right. so once again it's easier to shed it physically, but harder to shed it in your mind. >> absolutely. >> reporter: all weight loss programs have a 90% failure rate. here they claim 2/3 of their graduates maintain their weight loss. the entire package costs $50,000 for an academic year. >> reporter: was it easy for your parents to pay for this? >> not really. how did they do it? >> i don't know. >> reporter: his own father didn't recognize him on his last visit home. for spring break. >> he walked right by me. wrrr. >> reporter: what did you say? >> i tapped him on the shoulder, and he turned and we went on aur way. sydney just went to her prom and showed off her new figure to her friends. jenna has lost 30 pounds and found new hope. >> it's like i'm happy to be alive every single day. >> the graduates will leave looking radically different, the key is feeling differently as well. for "nightline," i'm juju chang in ashville, north carolina. >>> just ahead, mark zuckerberg lost from friends today. we'll tell you all about the facebook fumble. thanks for babysitting the kids, brittany. so how much do we owe you? that'll be $973.42. ya know, your rates and fees aren't exactly competitive. who do you think i am, quicken loans? [ spokesman ] when you refinance your mortgage with quicken loans, you'll find that our rates and fees are extremely competitive. because the last thing you want is to spend too much on your mortgage. one more way quicken loans is engineered to amaze. ♪ [ male announcer ] american innovation. 29 years ago, it helped us invent the minivan. ♪ today dodge grand caravan is the most awarded minivan ever. ♪ who knows where innovation can take us next? ♪ directions to the moon. ♪ >>> it has been quite a week for facebook ceo mark zuckerberg. he turned 28. his company was valued at $104 billion. he threw himself a surprise wedding and then to top it all off, he got sued. so what happens when your shareholders turn against you and your wall street debut turns into a very public mess? >> tell mark, we want to buy one share. when last we left the hoodie empire known as the facebook ipo "nightline's" pursuit of a single share proved to be incredibly easy, all things considered. i'm hitting execute. and there we go. one order of fb at $40.82 and "nightline" is now a proud owner of facebook. woo hoo. but then like many fellow investors, we watched and wondered, what happened to the pop? you know, the sky rocketing profit many enjoy when a shiny new technology company comes to market? it turns out, just about anything that can go wrong with an ipo did. first the rush to buy in overwhelmed the computers and countless early investors had no way of getting trade confirmations. then after climbing a few bucks, facebook stock sputtered right back to near the original asking price of 38 bucks a share. monday and tuesday were even worse as more early investors began dumping their new stock. now we know why. you see, at some point in the last few weeks, facebook told their bankers that they were having a bit of trouble selling as many mobile ads as they thought they could this quarter. the bankers noted this downgrade in the mountain of required paperwork, but they may have also emphasized this point to a few friendly calls to a few special clients. so the gazillion airs in the know went into friday looking to sell their overprized shares to amateurs who don't read fine print. >> one order of fb at 40 win $82. the stock kicked up to $32 today, but or roller coaster ride is nothing compared to that of zuckerberg. who made $19 billion on friday, got married to his long-time give on saturday, lost around $4 billion dli tuesday and today got hit with a couple class-action lawsuits. darren robins is one of the lawyers suing facebook and morgan stanley. >> we have been contacted by hundreds of shareholders both institutions and individuals. they are very upset that their hard-earning savings and retirement money was invested while at the same time they were buying shares, others were being told fact which they were not provided. >> any time a stock goes down, you're hammered with lawsuits. people allege terrible things. >> harry runs the business insider website and points out that it was perfectly legal for facebook and morgan stanley to give their juiciest insight only to the big investment houses and not the little guy. >> the rules themselves are grossly unfair and it's time to change them. >> reporter: get this. that rule was set up in the boom and bust '90s by eliot spitzer, to stop analysts like henry into fooling investors into paying too much for internet stocks, part of the same plea bargain that prohibits him from working on wall street again. >> reporter: there's a lot of people who want to look at the usual suspects and think there was something nefarious at work here. what's your instinct? >> i think everyone looks at wall street and says, they're out to screw the little guy. i worked on wall street for a long time. i was accused of screwing the little guy. i think people are trying to do the best job they can. >> so was it the law of unintended consequences that caused this debacle, too much greed all around? too soon to tell, but one thing is certain. you have a better shot of building a billion-dollar busy in your dorm than beating wall street at its own game. unless, that is, you're already rich. >> well, our thanks to bill. up next, the new american idol is philip philips. we catch up with past winners to find out what really happens after the finale. [ 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. >>> well tonight guitar-strumming heartthrob philip philips became the 11 lth american idol to win the hearts of fans nationwide. but after all the excitement dies down, what's next for tonight's big winner? well, some past idols have clipped their reality show days and become heavyweight chart toppers, whatever happened to the rest of them? here's abc's david wright. >> reporter: the crowning night on american idol. >> philip fill ipds! >> reporter: a moment for philip philips to savor for sure. when it comes to fame and fortune, carrie underwood, kelly clarkson, and jennifer hudson seem to be the exceptions. we set out to do a where are they now piece on past idol contestants. >> working at subway, working at hooters. we had someone addicted to cocaine. one contestant talks about how she got requests to sing at funerals. before american idol, justin was performing on broadway in new york. now he's doing regional theater in atlanta. casey abrams is now a spokesperson for inflammatory bowel disease. julia dim ato was a hair dress ner connecticut before idol. post idol, she's back to cutting hair. san jaya stood out for his hair dos, he came in seventh. and now? >> now lives in an apartment working as a bartender, and sings karaoke songs. >> he hasn't let go of the dream altogether. today we found him writing songs for his new band, but it's a come down. >> an experience like american idol, you're so consumed by everything that's going on, you don't have time while it's happening to really process it. soon as you get cut, everything hits you at once. >> reporter: a lot of contestants struggle. >> they bring you to a therapist to make sure your head is straight. when i went in, i felt like he expected me to be a little more upset, but i was pretty at peace with the decision. >> reporter: even the winners don't stay winners for long. ruben studdard won season two, but his legal troubles make headlines. lee dewise, his first album, sold 150,000 copies. the label immediately dropped him. does it feel like your 15 minutes of fame are counting down fast? >> initially it did. gosh, i got to go, go, go. >> reporter: david hernandez made it to the finals but got voted off after it came to light he used to support himself by stripping at dick's cabaret. >> reporter: hopefully you're not back to stripping. >> wow. this guy over here, no, absolutely not. i was 22 years old, and it was a way of making an honest living. i don't regret anything. >> reporter: these days he's able able to make an honest living with music. >> singing is paying the bills. >> reporter: but from the heady days of american idol, he's now gone back to paying his dues. his advice to tonight's winner? >> have a good team in your corner. do things that will portray the artist you want to be. >> reporter: and maybe don't expect to be an overnight success. >> correct. >> reporter: win or lose on american idol, it's probably best to lang on to plan b. i'm david wright for "nightline" in los angeles. >> or even plan c. we hope you check in for "good morning america." we're online at

we have cameras for best vufz tvufz -- views of the solar eclipse. don't go out and watch it and risk your eyesight. we leave you with a look at the eclipse there. we'll see you at 6:00. stakes as dozens of world leaders converge on chicago. tonight, thousands take to the streets in protest as the war in afghanistan takes center stage. >>> the lockerbie bomber dies a free man at home in libya, 24 years since pan am 103 exploded over scotland. what family members of his victims arying tonight. >>> a tropical storm churning off the carolina coast, weeks before the start of hurricane season. are we in for a wild summer? >>> spy games. employees stealing prize secrets, costing the u.s. economy billions each year. now the fbi is stepping up the fight. >>> and best week ever? after a $20 billion payday, mark zuckerberg swaps the hoodie for a tie and a surprise walk down zuckerberg swaps the hoodie for a tie and a surprise walk down the aisle. captions paid for by nbc-universal television >>> good evening. finding a way forward and a way out of afghanistan is chief among the pressing items at the table in chicago this evening, where president obama is hosting the leaders of nato, along with dozens of other heads of state. but there are competing agendas vying to be heard on the streets of chicago tonight whereas anticipated thousands of anti-war and other protesters have marched on the nato summit. and there is late word some of those demonstrations have gotten a bit out of hand. for police trying to keep the peace, it's made for some high anxiety against a backdrop of high stakes diplomacy. we have two reports from chicago tonight. we begin with nbc's john yang on the streets. john, what's happening? >> reporter: lester, chicago police are slowly and method methodically clearing the last protesters out of here. about 3,000 people marched here. most left peacefully and quietly. a hard core group of a couple hundred remained, some tried to push their way toward the summit site. there's stick swinging on both sides. protesters threw barricades at the police. >> you are engaging in unlawful conduct. >> reporter: now they're sort of calmly and meticulously clearing them out without much more incident. before this, five people were arrested, allegedly planning violent protests this week. one area where the protesters did appear to have an affect is that they hacked the city's website, the city acknowledged that their website is hacked. the main city website went down. the police department website went down. both are back up and running. lester? >> john yang in chicago. as those clashes continue in the streets tonight, president obama and other world leaders are attending that high stakes meeting inside. discussing the war in afghanistan and international security. our chief white house correspondent chuck todd joins us with the details. chuck, good evening. >> reporter: good evening, lester. as you know, this is actually the second summit in as many days that president obama is hosting. actually, it was a fear of escalated protests as to one of the unstated reasons why they moved the g-8 summit to camp david. nato, they thought, would be a little less violent. of course, the focus here with this meeting of nato nations is on one thing, how to wind down the war in afghanistan. the 60 invited heads of state gathered today to discuss funding and implementing long-term security arrangements for afghanistan but even before formally opening the summit, the president huddled with hamid karzai. >> we are working with the afghans over the next several years to achieve a complete transition to afghan lead for afghan security. >> afghanistan, indeed, mr. president, as you very accurately put it, is looking forward to an end to this war. >> reporter: it was just three weeks ago that president obama went to afghanistan to sign a new post-war partnership deal with karzai, while also publicly pledging to wind down this war by the end of 2014. the president brought a similar message today. >> that we are on the right track, and what this nato summit reflects is that the world is behind the strategy that we've laid out. >> reporter: at this summit, both president obama and karzai have the same goal. convincing other nato nations afghanistan is ready for this transition and spending money on security and other resources post-2014 is worth it even in these tough economic times. nato secretary-general rasmussen. >> at the end of the day, it is less expensive to finance the afghan security forces to do the combat than to deploy our own troops. >> reporter: republican criticism of the president's afghanistan plan has been relatively muted. mitt romney's op-ed in today's "chicago tribune" avoided this issue, instead saving criticism for proposed defense cuts. and even the most hawkish of republican senators are optimistic about where afghanistan is headed. >> the afghan security forces are getting better. they're better trained, they're better equipped. >> reporter: well, the one piece of tension at the summit itself, lester, appears to do with pakistan. president zardari is here. president obama is refusing to meet with him. the administration denies that it's because zardari has not agreed to open up the supply lines on the border of pakistan to afghanistan. still, the pakistanis feel a little bit snubbed, so to make them feel a little bit better, secretary clinton met with them a few hours ago. >> chuck todd, thanks. >>> overseas now. the only person ever convicted of the bombing of pan am flight 103 over scotland died of prostate cancer today at home in libya. abdel al megrahi provoked more outrage when he was released from a scottish prison three years ago on humanitarian grounds. we have more tonight from richard engel. >> reporter: this is what he'll be remembered for, lockerbie, scotland, december, 1988. the debris of pan am flight 103 bound for new york after it exploded mid-air, killing all 270 passengers and crew onboard. 189 americans were on the flight. the man convicted of one of the worst terrorist acts before osama bin laden was abdel basset al megrahi. he was a libyan intelligence agent working for moammar gadhafi. three scottish judges found megrahi guilty of planting a bomb on the pan am flight. a fragment of its timer was found among the wreckage. allegedly wrapped in megrahi's shirt. megrahi's son said his father was innocent and that he died of cancer at home in tripoli surrounded by friends and family. many libyans claim megrahi was a scapegoat. but u.s. security officials say he was no patsy. he was a terrorist. >> this was a man who was an operative, who worked on behalf of moammar gadhafi, and was absolutely instrumental in the death of 280 people in bombing pan am 103. >> reporter: families of the victims today found some solace in megrahi's passing but not much. >> there'll never be closure for any of us when your loved one is blown out of the air at 31,000 feet. there's some step of justice. the families for 24 years now have been trying to seek the truth. >> reporter: that truth for many remains unclear. did megrahi act alone? and why was he released at all? a scottish court let megrahi return to libya in 2009 on humanitarian grounds saying he would be dead from cancer in three months. that was three years ago. there were claims megrahi was released to protect british business deals with oil-rich libya. today, british prime minister david cameron reacted to megrahi's death. >> well, of course, i've always been clear that he should never have been released from prison. >> reporter: both the scottish government and the libyan interim council said today megrahi's death does not end the investigation into the bombing of pan am flight 103. richard engel, nbc news, cairo. >>> to italy now, where a deadly earthquake struck early this morning, knocking down a clock tower and crumbling centuries-old buildings in a matter of seconds. the center of the 6.0-quake struck in the northern part of the country. stephanie gosk is in italy for us tonight. >> reporter: the ground in northern italy started shaking very early in the morning. waking most out of a deep sleep. a 6.0 magnitude quake with an epicenter only three miles below the surface caused a violent tremor. we couldn't stand inside our house, he said. it was brutal. hours later a strong 5.1 magnitude aftershock shook them again. the only safe place was outside. a loudspeaker ordered people not to go indoors. 3,000 were evacuated from homes and hospitals. at least seven people were killed, including three workers on the overnight shift. two in the same ceramics factory. i was looking out the window, this grieving mother says, telling myself, he will show up now. it is the first earthquake to strike this region in hundreds of years. many of the buildings it destroyed were at least that old. in the medieval village, this building crumbled. three of its four towers were severely damaged. firefighters fought to save the rest. the roof of a cathedral caved in just hours before children were expected to receive first communion. across this rich historical region, irreplaceable churches, castles and bell towers are destroyed. but people are still thankful. a strong earthquake at that time, that close to the surface, could have been far deadlier. the italian prime minister has cut his trip short to the nato summit in chicago. he's returning here to rome tomorrow. lester? >> stephanie gosk in italy for us tonight. thanks. >>> now to the weather here at home. tropical storm alberto churning off the south carolina coast. still a couple of weeks now until the official start of hurricane season, things are already beginning to pick up. weather channel meteorologist jim cantore is in charleston tonight with the forecast. jim, good evening. >> reporter: good evening, lester. we're here on the east battery where the wind from alberto has whipped up quite a chop out here in the bay. again, the good news is, the storm will continue to weaken and pull offshore, we think, tonight as it heads on off to the northeast. last night ts time we had a strong tropical storm with winds 60 miles per hour. something early obviously that's begun. 130 miles south of charleston, a few rain bands drifting in. rip currents will be the biggest threat. but notice the track taking and keeping it offshore for the memorial day weekend. there aren't going to be any problems with this storm. lester, never before in any year have we seen both the pacific and atlantic have a storm pre-season like this one. either way, though, it doesn't make a match for what is to come this summer. we'll just have to wait and see. back to you. >> jim cantore, thank you. >>> an update on the wildfires burning across seven states. in arizona, more than 1,000 firefighters are working around the clock to contain the stubborn gladiator fire. high temperatures and low humidity are making things quite difficult. better news in northern colorado, where crews say a fire that forced evacuations has now been nearly contained. scientists are warning that dry, dangerous conditions will get worse as the summer wears on. and take a look at this incredible scene as a tornado crossed a road last night near wichita, kansas. there were 17 reported tornadoes across that state in a matter of hours. no one was hurt, though the twisters did damage several homes and take out trees in their paths. >>> still ahead as "nightly news" continues on this sunday, corporate spies on the payroll. the fbi's new mission to target employees stealing secrets from their own companies. costing the u.s. economy billions. >>> and later, a 28th birthday, $19 billion, and wedded bliss. what's not to like? ht >>> we're back now with an unusual public awareness campaign by the fbi. it's designed to draw attention to a growing threat, economic espionage. employees acting as spies, stealing trade and government secrets, and agents say it's costing u.s. businesses billions of dollars each year. we get our report tonight from justice correspondent pete williams. >> reporter: one of the guiding minds behind a u.s. satellite that found evidence of ice on the surface of the moon was stewart nozette, a brilliant government scientist, a man later arrested by the fbi for being a willing spy. at this washington, d.c., hotel, he met with someone he thought was an agent of israel, who turned out to be an undercover fbi agent and said he was willing to sell u.s. satellite secrets. >> now i've made a career choice. >> reporter: those hotel meetings were caught on tape. >> so i gave you, even in this first run, some of the most classified information that there is. >> reporter: the fbi's lou bladell supervised the investigation for more than two years. >> simply, it was financial. at the end of the day his greed caught up to him, and he was looking for the big payday. it was simply, i'll sell out for money. >> reporter: he pled guilty and sentenced in march to 13 years in prison. the fbi says all across the nation, in big corporations, and small companies, employees are stealing secrets to sell them, often to buyers overseas, a $13 billion loss in the past few years. >> we see the global economic downturn causing nations to realize more than ever that it's cheaper to steal american technology than it is to research and develop it themselves. >> reporter: mike yu, a ford motor engineer for a decade, was sentenced for almost six years in prison for stealing thousands of design documents and taking them with him to work for a carmaker in china. that's the kind of theft the fbi said is exploding, prompting these billboards now up nationwide intended to raise awareness of economic espionage. among warning signs, the fbi says, the employees who work odd hours without permission, download company materials to take home, and take overseas trips without explanation. >> if you have a job at an american company, there's something at that company that you can't afford to have walk out the door, it's the crown jewel of your company. >> reporter: prized secrets the fbi is trying to help american businesses do a better job of keeping safe. pete williams, nbc news, washington. >>> and we're back in a moment with late word of a death of a pop music icon. >>> there's late word in from london that former bee gee robin gibb has died. after a long battle with colin and liver cancer. gibb had been in and out of the hospital in recent years and underwent a number of surgeries. he and his brothers formed one of the best-selling groups of all-time, topping the charts with a number of hits in the 1970s, including their contributions to the film "saturday night fever." his brother, maurice, passed away in 2003, and with robin gibb's death their brother barry remains the only surviving member. robin gibb was 62 years old. >>> folks on the west coast are waiting for a spectacular show in the sky. a ring of fire eclipse happens when the moon slides across the sun, blocking all but a halo of light. early risers in parts of china, taiwan and japan are seeing it around dawn their time. if you're lucky enough to see it, remember, don't look directly at the eclipse because you could damage your eyes. >>> a rite of passage this week for many college students in this college. among them graduating at george washington university. some 5,000 graduating students and their families gathered on the mall in washington. our own brian williams received an honorary degree and delivered the commencement address drawing on this country's achievements in space. >> you don't actually have to build a rocket or go into space. but please take us somewhere, please keep us moving, push us, lift us up, make us better. remember this, as i leave you. again, as of today, you've achieved what i could not. congratulations. god bless. go achieve some more. [ applause ] >> brian williams today in washington. >>> eight decades after his last major league at-bat, babe ruth is still the king, smacking another home run in the sports memorabilia department. the babe's earliest known yankees jersey still around, sold at auction to an anonymous bidder for more than $4.4 million. that's a new record, surpassing the $4.3 million paid for jay naismith's founding rules of basketball. >>> in case you missed it, it was a dramatic finish at this weekend's preakness stakes in maryland. >> it's bodie meister and i'll have another. i'll have another in a dramatic preakness! here he comes! down to the wire! i'll have another! >> right at the wire, kentucky derby winner i'll have another edged out bodiemeister to win the second leg of horse racing's triple crown, keeping hopes alive for the first triple crown winner since affirm 34 years ago. seven other horses have won the derby and preakness in the last 15 years then fell short at belmont. we'll see if i'll have another can race his way into the history books saturday, june 9th. that will be carried here on nbc. >>> when we come back, taking stock of mark zuckerberg's big week. >>> finally tonight, what a week for the world's newest billionaire. facebook founder mark zuckerberg, as one writer put it today, going from ipo to "i do." a day after his social networking empire went public, zuckerberg surprised even his closest friends marrying his longtime girlfriend at their northern california home. but the biggest surprise of all might be what he wore to the wedding. here's nbc's mike taibbi. >> reporter: mark zuckerberg didn't wear a hoodie, just a nice dark suit. the understated event at his palo alto home was still an unconventional surprise. the 100 or so invited guests thought they were going to a party celebrating chan's graduation from medical school. >> it's definitely outside the box. which seems actually pretty characteristic. that's good. that's silicon valley. >> reporter: in silicon valley and beyond, the reaction was monumental. word spread that zuckerberg's relationship status had changed just after 6:00 p.m. pacific time saturday. within three hours of posting this photo on his own facebook page, over 400,000 friends liked the news. congrats, zuck. big day, big week, one wrote. another simple comment, wow. just the day before he opened facebook's public trading. when the markets closed, the company was worth some $100 billion. amazingly, with the media watching zuckerberg's every move, not one word of the wedding had leaked out. as for priscilla chan, the two met nine years ago when both were harvard undergrads. it was then that zuckerberg -- as portrayed in the hit movie "the social network" >> the facebook -- >> reporter: was deciding how he believed people would interact. in the days before taking his company public, he was saying the same thing. >> i think it ends up being a very clear picture of the important things that happens in a person's life. >> reporter: what a story in the lives of these two people. the 27-year-old bride, whose 28-year-old groom is now the 29th richest person on the face of the earth. one fan wrote, prenup? i'm just saying. but this is a guy on a roll like no other. all smiles. and why not? mike tiabbi, nbc news, los angeles. >>> that's "nbc nightly news" for this sunday. brian williams will be here tomorrow. i'm lester holt reporting from new york. for all of us here at nbc news, new york. for all of us here at nbc news, good night. -- captions by vitac -- www.vitac.com

instructors. he hopes to have it open by next may. >> facebook founder and ceo mark zuckerberg just tied the knot. you can add has been to his list of his accomplishments. he married this longtime girlfriend. the couple met at harvard and before saying i do. yesterday, mark zuckerberg made facebook public. >> a lot of people talking about brilliant mark zuckerberg in getting the i.p.o.. she is the smartest woman around. seriously. is a lot going on in sports, a lot of underdogs. with us. one d.c. team is on fire right and it is not do you think. ♪ [ kari ] i used to serve my country in the u.s. army. ♪ then, i was hit by a drunk driver and lost my legs. but that didn't change a ththi. because i still serve my country, i just wear a different uniform. [ male announcer ] citi is joining kari miller to give back to the paparalymc military & veterans program. join the movement at citi.com/everystep and help citi help u.s. athletes make a difference. together, every step of the way. >> the toyota sports desk, brought to you by your local toyota dealers. moving you forward. >> horse racing has

hour ago when mark zuckerberg is remotely rang the opening bell. it's the richest ipo in tech history. >> reporter: that's right. the first day of public trading, the company is expected to be value at more than a hundred billion dollars. certainly an historic ipo. no one from facebook so far speaking to us folks if the media this morning, but we know there is a ton of activity here and a lot of employees. we're on hand this morning as facebook officially went public. there was the moment as ceo mark zuckerberg rang nasdaq's opening bell remote through here at facebook headquarters. many of these employees have been on hand since last night. they were here for what's called a hack-a-thon at headquarters, where employees are free to work at whatever projects they want to work on. we'll show you the scene has changed significantly from a half hour ago, where you had a huge number of people in that courtyard area. presumably they're inside celebrating at this point. this will make instant millionaires of about a thousand facebook employees. $38 is the price per share. we'll have to see w

better have a slightly ambiguous amphibious horn. jeanne moos, cnn. >> do you need the wipers on all the time while you're in the water? >> you actually do. >> cnn. >> get me one of those now. president obama is expected to speak very soon from the g-8 summit. "the situation room" with wolf blitzer right now. >> you're in "the situation room." mitt romney rejects a nasty campaign advertising idea, bringing back the flap of barack obama's old pastor. will the war soon explode into new controversy? >> and three fishermen stranded at sea pleading for help from a passing cruise ship but allegedly ignored. now the sole survivor of that horrific 28-day ordeal takes matters into his own hands. we want to welcome our viewers from the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> the 2012 campaign ad wars are threatening to take an lig new turn by dredging up the past. so far mitt romney is rejecting a proposed anti-obama advertising offensive that would have brought back a controversial figure from the last presidential campaign. here's jim acosta. >> it was a pitch to tear down the president laid out in this proposal obtained by the "new york times" for a multi-media ad campaign that recommends, quote, hitting barack right between the eyes. entitled "the defeat of barack hussein obama," it proposes tv spots featuring jeremiah wright in the clips that almost derailed his previous campaign. ending spending says it received the proposal but rejected it. >> we've got to stop this incredible spending. >> the pac is aligned with online brokerage campaign joe rickets. in statement he says rickeths is neither the author or funder of the so-called plan to defeat mr. obama. it's filled with racial overtones referring to the president as the metro sexual black abe lincoln. it was to kick off at the opening of the democratic national convention in charlotte. joe biden questioned the morality of the offense of. >> they act like it's 1942. >> when asked about the story on his campaign plane, mitt romney said he hadn't read it yet. >> sir, have you seen the report in the times this morning? >> i haven't seen the papers this morning. >> governor, do you think reverend wright is off limits in this campaign? >> i'll be right back, i'll be right back. >> slammed by the obama campaign for that nonresponse, romney went further at a campaign event later in the day. >> i repudiate that effort. i think it's the wrong course for a pac or a campaign. i hope that our campaigns can respectively be about the future and about issues and about a vision for america. i've been disappointed in the president's campaign to date, which is focused on character assassination. >> but the gop contender did raise the question of wright's influence on the president earlier this year in. >> the president takes his philosophical leanings in this regard not from those who are believers in various faiths but instead from those who would like to see america more secular. i'm not sure which is worse, him listening to reverend wright or him saying that we must be a less -- >> i stand by what i said. >> this time around the proposed wright offensive managed to inject the pastor into the news cycle without spending a dime on air time. jim april costa, cnn, naples, florida. >> let's turn to our white house correspondent dan lothian. what's the white house reaction to this idea of trying to revive the whole reverend wright controversy? >> first of all, you saw the obama campaign jump all over this, blasting romney for not coming out and issuing a stronger statement initially. what they're trying to use this to do is to show that -- all right, everyone. we'll get back to that in a moment. we're going to take you now live to camp david, the president speaking. he's meeting with leaders from around the world, to try to boost the world, the global economy. >> to get back to a path of recovery and growth. our progress has been tested at times by shocks like the disaster in japan, for example. today it's threatened once again by the serious situation in the eurozone. as all of the leaders here today agreed, growth and jobs must be our top priority. a stable, growing european economy is in everybody's best interests, including america's. europe is our largest economic partner. put simply, if a company is forced to cut back in paris or madrid that is correct might mean less business for manufacturers in pittsburgh or milwaukee. and that might mean a tougher time for families and communities that depend on that business. and that's why even as we've confronted our own economic challenges over the past few year, we've collaborated closely with our european allies and partners as they confronted theirs. today we discussed way they can promote growth and job creation while carrying out reforms necessary to stabilize their economies for the future. we know it is possible. in part based on our own experience here. in my earliest days in office, we took decisive steps to confront our own financial crisis, for making banks submit to stress tests and rebuilding their capital and we put in place some of the strongest financial reform since the great depression. at the same time, we worked to get our own fiscal house in order in a responsible way. and through it all, even as we worked to stabilize the financial sector and bring down our deficits and debt over the longer term, we stayed focused on growing the economy and creating jobs in the immediate term. of course we still have a lot of work to do, too many of our people are still looking for jobs that pay the bills. our deficits are still too high, but after shrinking by nearly 9% the quarter before i took office, america's economy has now grown for almost three consecutive years. after losing hundreds of thousands of jobs a month, our businesses have created more than 4 million jobs over the past 26 months. exports have surged and manufacturers are investing in america again. and this economic growth then gives us more room to take a balanced approach to reducing our deficit and debt while preserving our investments in the drivers of growth and job creation over the long term, education, animation and infrastructure for the 21st century. europe's situation of course is more complicated. they've got a political and economic crisis facing greece, slow growth and very high unemployment in several countries. and what's more when they want to decide on a way to move forward, there are 17 countries in the eurozone that need to come to an agreement. we recognize that and we respect that. but the direction the debate has taken recently should give us confidence. europe has taken significant steps to manage the crisis, individual countries and the european union as a whole have engaged in significant reforms that will increase the prospects of long-term growth. and there's now an emerging con sense us that more must be done to create growth and job creation right now in the context of these fiscal and structural reforms. that consensus for progress was strengthened here at camp david. today we agreed that we must take steps to boost confidence and to promote growth and demand while getting our fiscal houses in order. we agreed upon the importance of a strong and cohesive eurozone and affirmed our interest in greece staying in the eurozone while respecting its commitments. of course we also recognize the painful sacrifices that the greek people are making at this difficult time and i know my european colleagues will carry forward these discussions as they prepare for meetings next week. the leaders here understand the stakes. they know the magnitude of of the choices they have to make and the enormous political, economic and social costs if they don't. in addition to our g-8 meeting, i was able to talk to them individually and i reaffirmed that europe has the capacity to meet its challenges and america is not only confident in its ability to meet their challenges but we are supportive of their efforts. today following our discussion of the economy, we also made progress on a range of other important challenges. we discussed the importance of pursuing an all of the above strategy in energy and security in a safe way. to address climate change by addressing short-lived pollutants and in the face of decreases supplies of oil, we agreed we must closely monitor energy markets. together we stand ready to call upon the international energy agency to take action to ensure the market remains fully and timely supplied. we also announced a new alliance on food security, with african leaders in the private sector as part of an effort to lift 50 million people out of poverty over the next decade. we discussed our support for a sustainable -- >> president obama speaking at camp david talking about what they're talking about at the g8 summer, economics, climate change and the rest we will monitor here on cnn. >> i'm very pleased we were able to make progress here at camp david and tomorrow we'll discuss our plans to responsibly end the war in afghanistan. some nylons. and what girl wouldn't need new shoes? we talked about getting a diamond. but with all the thank 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>> yes. >> can i just say i'm not so sure that class warfare to say they don't get ushs the way joe biden did this week is a winning strategy with voters. >> i don't think so. i think they think so. >> right. those are the people they have to convince. i think that could turn offer voters. >> class warfare, they don't like to call it that in the reelect committee, has not shown to work. we've seen it before, we saw al gore sort of try it, it clearly didn't work there. >> you know what else isn't going to work, by all accounts except for a small element is reviving the reverend wright uproar. they tried that four years ago. didn't exactly work great. they're running away from this, candy, the romney bunch as quickly as they can. >> they see it -- there was some full horror on the parts of democrats to steer this story, why? it's a bad issue for republicans. it brings up race and that does turn off independents. they don't want to be seen as intolerant or aligned with anything like that and i think the romney folks get that and so before it could touch them in a heavy handed way, they said we renounce this. >> and what the president has going for him is he's liked by a majority of the american public. you have an ad like this and it will turn a lot of people off. admmid -- and mitt romney has t stick to his financial issues. he doesn't want to be talking about reverend wright. >> the romney and obama campaign are raising about the same amount of money, about $40 million, $45 million. they're both doing relatively equally as well. >> i think just putting a period on what we've been seeing for a while, this is going to be a close race. romney is beginning to catch up because now it just romney. i don't know that you can ever get to the point where a president is simply because fund-raising for a president is a lot easier than it is as a challenger but nonetheless, there's plenty of folks they can go to. i think it just shows this is going to be a close race. >> they're both going to have hundreds of millions of dollars. >> where the republicans do have an advantage is the super pacs. they seem to be able to raise a lot more money in the super pacs. >> the democrats now have to go to the grass roots because they understand this isn't going to be like in november of 2008 where they were way ahead. right now we're looking at a race that could be a almost at parity here. eight whole different ball game. of course the first at first was opposed to super pacs and now he's given them his blessing because he's wants to compete against the republican sooup parks. these things have an awful lot of influence in the campaign but sometimes they can run amuck. >> these super pacs? >> these super pac. >> because there's supposed to be no control no, alignment whatsoever. why are you smiling? >> i think it's a very thin line there and i think it's crossed at the time. what is coordination? is it calling the guy saying will you run in these states or is it simply knowing what the guy is going to do and could you something. i think this this line is very light -- or the candidate going to the bully pulpit saying i repudiate this sort of ad. >> the democrats say they hate the super pacs but they don't want to, quote, unilaterally disarm in the face of this war going on. >> you have a big show tomorrow on "state of the union "? >> absolutely. we're going to talk about some of these issues. we have on barbara boxer and kay bailey hutchison to give us their view of what's going on in the senate, which at the moment appears to be nothing. >> are we surprised? >> no, we're not. >> 9:00 a.m. and noon sunday. candy crowley, state of the union. thanks very much for coming in. >> lost at sea his lawyer says he survived fights back. and we're going to tell you what's so unusual about france's new first lady. stick around. i felt lost. unitedhealthcare offered us a specially trained rn who helped us weigh and understand all our options. for me cancer was as scary as a fastball is to some of these kids. but my coach had hit that pitch before. turning data into useful answers. we're 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> three fishermen stranded at sea, pleading for help from a passing cruise ships but allegedly ignored. the sole survivor of that horrific 28-day ordeal is taking matters into his own hands. our brian todd is working the story. >> reporter: this is what the passengers saw, a disabled fishing boat adrift in the pacific ocean. the passengers were on board "the star princess," a massive cruiseliner that had come win sight of the boat. one of the passengers who spotted it described what a man on the stranded boat was doing. >> you could see him doing this with his shirt, over and over and over. >> reporter: meredith and at least one other passenger, jeff gilligan, who took this photo said they immediately notified the crew member. they say the crew member visually confirmed the distressed boat on his own but the cruise ship never stopped. >> while we were on the ship, the feeling of powerlessness because we would have liked to somehow gone over and rescued them. >> the people on the disabled boat were growing more desperate by the moment. one of them, adrian vasquez, is now suing princess cruises for neglect. he spoke with the web site panamaguide. >> translator: it was a really big boat. it was white and had the name in red. >> reporter: vasquez was on the disabled fishing boat with two companions. he says after they were spotted about the bithe cruise ship passengers on march 10th, one of his companion, having lost all hope died that day. the complaint said the other died five days later. vasquez was rescued by another fishing both near tat. the cruise line issued a statement saying this was a case of unfortunate miscommunication, that after the crew members were notified by passenger, he was not notified of the concern and if he had been, he would have had an opportunity to respond. >> the cruise line says the captain was never notified. what does that mean as far as you're concerned? >> well, the fact that the captain wasn't notified is an admission of gross negligence on their part. the captain should have been told whatever any crew member was told about this distressed vessel. there's a rule in admiralty you go up the chain of command. >> reporter: he says if the ship had stopped to help and mabb missed that scheduled docking, it would have lost a lot of money in concessions. a spokeswoman for princess cruises says that assertion is absolutely false. brian todd, cnn, washington. >> facebook has gone public with its stocks and one of its founder is apparently trying to avoid paying taxes on his expected windfall. some senators say no way. >> and france's president is doing things differently by not being married to his first lady. . they grow up, and they're out having their life. i really started to talk to them about the things that are important that they have to take ownership over. my name's colleen stiles, and my kids and i did our wills on legalzoom. 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[ male announcer ] go online to reach every home, every address, every time with every door direct mail. >>> facebook certainly has a lot of new friends, investors who claim clamorred to buy stock when the company went public on friday. mark zuckerberg is about to get richer at the age of 28. he celebrated his birthday this week. >> gosh, okay, i'm glad this isn't live. >> reporter: it was 2006, about two years after launching facebook from his harvard dorm, a nervous and camera-shy mark zuckerberg -- >> sorry, can i start that a different way? i'm so not on today. >> reporter: sits down for a cnn interview. >> can you just say your name and appropriation announce it is so nobody messes it up a and they have it on tape. >> sure, it's mark zuckerberg. >> reporter: how would you like to be roufd, your tight approximately. >> found aer and ceo. >> he was so unknown, our producers had to ask the most basic question ps. >> how did the company start? >> well, it didn't start as a company. afs sophomore at harvard. i've never really been asked how the company was started before. >> reporter: how did facebook start? >> now i'm all embarrassed. you would think i would have been asked that like a ton of times. >> reporter: speaking-wise he may have been rough around the edges but even then it was clear zuckerberg had a laser-like focus of what he wanted facebook to become. >> we view the site as an information directory. it helps you understand what's going around you. once you're better informed about what's going on around you, you're in a better position to meet people. >> mark zuckerberg is one of those rare ceo's who fame and persona make him a compelling figure. >> in private i think mark is a pretty entertaining, engaging fellow who is funny, who has a lot of friends. >> reporter: david kirkpatrick is what you might call a facebook historian, author of the best selling book "the facebook effect." >> he's much more relaxed in private than in public. if it were up to him, he'd never be on a stage. he'd most be just be in front of a computer coding because that's what he loves to do. >> reporter: do you see facebook as your dream job or a stepping stone to something else? >> it's definitely not a stepping stone. i don't necessarily think about what my dream job would be but i guess this is pretty cool. i get to build what i want. that's awesome. >> reporter: it's interesting to get a glimpse of facebook's small office back then. notice the newspapers on the desk. it was only six years ago but this was preiphone and ipad. the one thing that hasn't changed, his attire, t-shirts and sandals. >> reporter: also unchanged -- >> i'm mark zuckerberg. >> reporte i think that the philosophy that this company has is that you solve an important problem and then you have the ability to have a good business but the basis of all is solve ag important problem. >> one of facebook's co-founders is under fire accused of renouncing his united states citizenship to avoid paying taxes. some u.s. senators are fuming and they say they are going to make him pay. let's bring in our senior correspondent. lots of motion on capitol hill on this issue. >> that's right. something big in the news, they certainly will be jumping on it on capitol hill. last year 1,800 people in the u.s. gave up their u.s. citiz citizenship. only one was a facebook balance may -- billionaire. >> in the movie "social network," eduardo saverin was a sympathetic figure betrayed by mark zuckerberg. >> you're going to blame me because you made a bad deal? >>. >> reporter: the way these senators see it, saverin is hardly sympathetic. >> he has turned miss back on the country this welcomed him, educated him, help him become a billionaire. it's a great american success story gone horribly wrong. >> reporter: the back story, saverin lost his position at facebook but still has an estimated 4% stake in the company worth billions of dollars, ahead of facebook's ipo, saverin renounced his u.s. citizenship in favor of the country he's lived in since 2009, singapore, which has no taxes on capital gains. this could save him tens of millions in u.s. taxes. >> eduardo saverin wants to defriend the united states of america just to avoid paying taxes and we aren't going to let him get away with it. >> he spits in the eye of the american people when he does this. it's an insult. he should be head accountable. >> reporter: the senators came one legislation to force wealthy americans who renounce u.s. citizenship to pay a 30% capital gains. if they don't pay that and back income taxes, they'd be barred from the u.s. in a carefully worded statement, saverin responded "i will pay and continue to pay all taxes on everything i earned while a u.s. citizen. he says nothing on paying taxes on facebook profits he'd make while no longer a u.s. citizen. he says he only expatrioted because he wants to live in singapore. >> anyone who believes mr. saverin did do this at least in good pat for tax purposes is gullible. >> a footnote, where else, on his facebook page. the legislation does allow the irs to denounce americans. michael orrin renounced his citizenship to comply with israeli law. >> and like the queen of jordan did, she was an american citizen, had to renounce that in order to become the queen of jordan. >> precisely. >> even by french standard, the new president has an unusual personal life for a politician. and watch two of new jerseys best political figures spoof themselves in the old "seinfeld" sitcom. and environmental recovery. long-term, bp's made a five hundred million dollar commitment to support scientists studying the environment. and the gulf is open for business - the beaches are beautiful, the seafood is delicious. last year, many areas even reported record tourism seasons. the progress continues... but that doesn't mean our job is done. we're still committed to seeing this through. ♪ ♪ [ male announcer ] virtual wallet can help you be that person who's good with money. see what's free to spend. move money with a slide. save with a shake. feel good about your decisions. like a squirrel stashes nuts, you may be muddling through allergies. try zyrtec® liquid gels. nothing starts working faster than zyrtec® at relieving your allergy symptoms for 24 hours. zyrtec®. love the air. >>> the news socialist president of france is making his debut on the world stage. he's here in the united states for the g8 and nato summits and for some personal face time with president obama. his inauguration this week marked a dramatic transition for france in more ways than one. the new first lady was very different than carla bruni sarkozy. in one way, she's not married. >> she's france's first unmarried premier dame. she's the girl friend of president francois hollande. she prefers the term companion. their affection was evident election eve, a relationship that began if 2005 while they were both with their former partners. >> translator: they have known each other for a very long time because of paris match and before that she was with another paper. she has always been a political journalist. she followed the socialist party for "paris match" so they've known each other for at least 20 years. >> reporter: a feisty, political journalist, the twice divorced mother of three gave up her career so she could actively campaign for hollande. now she has some big shoes to fi fill. that could be out of character for france's new first lady, who says she will keep her day job. >> translator: she wants to stay a normal woman. she says herself that she has no family wealth, she has three children, three adolescents who she still looks after and for her it's crucial that she remains independent, especially financially independent with regards to her husband. she does not want to sponge off the state. so for the first time in france we could have a first lady who is a working woman. >> reporter: but working as a political journalist when you're in relationship with a official, no less the president, could be a conflict of interest. bruni sarkozy married her husband after he divorced his second wife while in office. the last socialist president had a wife and a mistress, followed children will both. but it seems times may have changed. >> translator: i think the french public wants a revelation in opinion. lot of couples in france live together, so it does not shock anyone. a lot of french families are step families. the couple are at the head of a step family. >> reporter: france's first couple may never feel the need to marry, but then again they haven't ruled it out. >> and the new french president also never married his first partner. she was the socialist presidential candidate five years ago and lost to the now former nicholas a cozy. hollande and royale have four children by the way. they're grown now and in their 20s. >> it was one of the worst natural disasters in history. the devastating tsunami in japan swept over 1 million tons of debris out to sea. now it could have a major impact on the west coast of the united states. >> also, probably everyone has an archnemesis. now the new jersey governor chris christie. for him it's the mayor of newark. we have a hilarious tribute to jerry seinfeld's newman. that's coming up as well. just stay off the freeways, all right? i don't want you going out on those yet. mmm-hmm. and just leave your phone in your purse. i don't want you texting, all right? daddy...ok! ok, here you go. be careful. thanks dad. call me -- but not while you're driving. ♪ [ dad ] we knew this day was coming. that's why we bought a subaru. ♪ that's why we bought a subaru. have you ever partaken in a car insurance taste test before? by taste? yes, never heard of it. well, that's what we're doing today. car insurance x has been perfected over the past 75 years. it's tasty. our second car insurance... they've not been around very long. mmmm... no good! no good? no good! so you chose 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davidson motorcycle washed up on a remote canadian island. thousands of pieces of plastic, styrofoam and household goods are expected to make landfall starting nks year. nick of ocean conservancy says it's not nuclear reactive but it can be harmful. >> we can't predict the future in terms of where this debris will end up but we certainly can make sure we prepare for it. >> this animation from the national oceanic and atmospheric administration shows >> this shows the path of the debris as it moves across the northern pacific. some u.s. senators are not happy with the progress that's been made. in a hearing, the national ocean service acknowledged it doesn't have the budget or a plan. alaskan senator mark begich. >> have you made a cost analysis of what this would be? and the answer from your administration was no, which made no sense to us after a year knowing, i don't know, the tsunami did happen. >> i don't have an answer that's going to make you happy, that's for sure. i really don't. you know, lots of priorities going on, and small program and we're out there, we don't know what the scope is don't have a clue. >> david kennedy, assistant administrator of the national ocean service admits they don't have the funds to clean up remote areas. the marine debris program is facing a 23% cut under the obama administration budget for next year, so the cleanup may become the problem of cash-strapped states already struggling to make ends meet. >> to be very frank with you're welcome it's somewhat frustrating to hear that statement, because the role of the federal government in emergencies is to assist states, not just say it's your responsibility, good luck, because that's not acceptable. >> the debris is following general ocean current flows, but it has disbursed, which has made it harder to track by satellite. in march, there was a japanese ship that surfaced off the coast of alaska. it made that 4,500-mile trip, not picked up by satellite, it just showed up. it was sunk by the coast guard, but it shows you there may be a lot of other surprises. >> so is alaska the most endangered right now by this debris coming across the pacific? >> if you look and follow the map of where they think this debris is right now, it is headed toward alaska, headed to washington state. these are some of the major areas. also all the way down to california. the mayor of long beach is very concerned that they are going to have a lot of this stuff coming on their shore without the money and resources to clean it up. >> they better get it ready, because that could be a disaster. a second disaster. thanks very much for that report. >>> switching gears. if you're a fan of "seinfeld," you know jerry's arch rival is a mailman. newman. well, new jersey's governor chr chris christie has his own nemesis. a woman drives 25 miles with the roof of her car torn halfway off. if you want to know what happened it to, don't ask the driver. she has no idea. she certainly had no idea anything was wrong. [ heart beating, monitor beeping ] woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. >>> you may remember the story last month of the democrat rescuing a woman from a burning house. the state's governor republican chris christie teamed up with booker to poke some fun at his heroics. >> listen, i've got to get going. i think we might have a flat tire here. all right, i'll hang up first. goodbye. >> hey, gov, sit tight, i got this. >> booker! >> absolutely. >> governor, stand back! i got this, i got this. >> booker! >> governor romney, governor romney, yes, yes, that was me running into the fire. yes. i do shovel snow as well. yes, you're very persuasive. but i'm not a number two guy. i'm not a background singer. mitt, sir, with all due respect, i know you need a big -- >> excuse me, mayor. i got this. >> christie! >>> fans of "seinfeld" know they got the idea from jerry seinfeld and his arch nemesis, newman. take a listen. >> you're going to the super bowl? >> yes, i am, a guy on my mail route just got a couple tickets and he offered one to me. >> what's his name? >> tim wadley. >> that's my ticket! >> sit? well, if only you'd known, you could have saved some time and given it directly to me. >> newman! >> i have a receipt for a rental car with your signature. it seems as if the springs were so compressed that they completely collapsed the right side. >> newman! i can't. newman. >>> certain moments of your life that are also so intense, so powerful they're etched in our memories forever. apparently, there are some that are immediately forgotten. here's janine moss. >> reporter: what's black and blue and has fur all over? a canadian motorist who hit a moose, lost all memory of the accident and drove the car like this 25 miles to arrive at work on time. co-worker cindy paulson came running. >> and i said, michelle, what happened? require said nothing. she asked me if i was okay. i said yeah, why wouldn't i be? >> reporter: blood streaming down her swollen head. >> you were in an accident. she said no, i wasn't. >> reporter: but when she turned and saw her car, the one she had just stepped out of -- >> i was devastated to see the state my car was in. >> reporter: next stop, the hospital. michelle higgins has been recovering ever since from two broken bones in her neck and bruises galore. did you actually have a hoof print on your face? >> right up there. >> reporter: she calls it a scuff mark. but the moose looked worse than michelle did. police found it dead on the side of the road. michelle was driving from home to her job as a behavior therapist in newfoundland, she believes she rounded a bend on the transcanada highway and struck the moose, peeling back the top of the car. officials told her -- >> if i had been an inch taller, they said it would have took the top of my head off. >> reporter: she has no memory of driving the next 25 miles. stopping at red lights and you're making lefts and rights -- >> exactly. yeah, i made two lefts and a right. >> reporter: michelle says the memory loss really bothers her. >> i lost $5 two years ago and that still drives me crazy wondering where it is. now i've lost my mind. >> reporter: a pair of pedestrians confirmed they saw her driving by. >> there was a lady driving by with no windshield. >> reporter: she may never go down memory lane with her moose, but she's happy. >> i'm breathing and i'm walking. >> reporter: michelle says there

>>> good morning. i'm kris sanchez. we are following news, a powerful earthquake rocks italy, causing major damage and death. we have the latest details coming up. >>> plus, the bay area's wacky and charming beta breakers race is getting started. we will catch up with early morning runners and walkers. >>> and facebook ceo mark zuckerberg has a new status, married his long time girlfriend in his backyard. we'll show you how he pulled off that big secret. this is today in the bay. >>> good morning. looking live in san francisco, we'll show you the picture in a bit where the elite runners kickoff just about now. and the regular folks that like to get crazy, they start in about a half hour. thanks so much for joining us. i'm kris sanchez with rob mayeda. folks won't have to run naked, because it is not going to be hot. >> that's right, we don't encourage that activity. >> we don't, people do. >> watching that video this morning carefully. in the 50s this morning, not too bad when you consider clear skies and little hint of a sea breeze. we'll see that change later this afternoon. we manage one more warm day if not hot day inland by the tri-valley. numbers by livermore and pleasanton, mid to upper 80s. 70s in the inner bay. san francisco on the coast, notice the trend. by 5:00, mostly cloudy skies. we're going to see a change in the forecast arriving late in the weekend, which will push more low clouds towards the coast. coming up, we'll let you know what that means in terms of the solar eclipse feeling and big drop in temperatures coming into the full work week. a look at the changes in the forecast in a few minutes. >> thank you very much, rob. >>> to that developing news out of northern italy. rescue crews are searching for survivors after a 6.0 magnitude quake that killed at least six people. it struck around 4:00 in the morning local time, 22 miles north of balance own i can't. it lasted more than a minute, sending thousands of italians running into the street. at least 50 people are injured. right now, crews are searching for additional victims trapped under the rubble. we will bring more details as we get them. >>> police in chicago face a big test trying to keep the peace. they're dealing with protesters gathered for opening day at the nato summit where president obama and other world leaders will gather. they will meet after three men were arrested, accused of planning to attack president obama's campaign headquarters as well as mayor rahm emanuel's home and other targets. they appeared in a federal courtroom yesterday. defense attorneys for the suspects say the charges are trumped up to frighten protesters. >> this is extremely sensationalized allegation, and this is exactly what we anticipate from law enforcement and from various levels of government before national security event. >> they say they are self described and arch ises that boasted about damage they would do in chicago. meantime, today at the summit, president obama and other world leaders are expected to draft the road map out of the war in afghanistan. >>> on the heels of a history making ipo, mark zuckerberg, ceo of facebook, had another big day. he got married, and it was all kept secret until the groom posted a wedding photo and changed his relationship status on his facebook page. today, we report from palo alto on the event and big time wedding guests as well. >> reporter: fewer than 100 guests came to mark zuckerberg's house in palo alto saturday afternoon for what they thought was a party to celebrate priscilla chan's graduation from medical school. instead, it was a wedding in his backyard. these photos show the happy couple after the ceremony. a person authorized to speak on their behalf said chan's ring featured a simple ruby. at 8:30, the lead singer of green day was seen leaving zuckerberg's house. he had a guitar, we assume he was there to perform. as it grew, guests danced to pop songs, and neighbors didn't seem to mind. >> it is cool. everybody likes to party. why shouldn't zuckerberg party, sure. >> reporter: the marriage announcement came where else but on facebook, where he changed his status to married to priscilla chan. they met at harvard, dated for nine years. their wedding caps a busy week for them both. zuckerberg's birthday and chan's graduation from medical school were both monday. then on friday, zuckerberg rang the bell for nasdaq on facebook's first day of public trading. even in the shadow of the tech world's biggest ipo, this night may be perhaps the most memorable of all. >> i think it is cool. they have been dating a long time. you know, they're in love i guess, and i wish them happiness, good for them, right? >> reporter: monte francis, today in the bay. >> no word where the couple is headed for their honeymoon. an interesting note on mark zuckerberg's facebook page, he posted announcement of the marriage and had 700 times more likes than the announcement of the facebook ipo. that's an indication how many are reacting to this big news. >>> police try to find the owners of a burned out warehouse in downtown oakland where firefighters battling that blaze discovered a sizable illegal marijuana operation. the fire reported about 4:00 yesterday morning at a warehouse on broadway near 30th. flames shot 20 feet into the air, took fire crews several hours to get flames under control. once they did at the back of the warehouse, found 200 pot plants, large filtering system and electrical system altered to support that grow operation. >> blew my mind. i just had no idea. quiet tenants, nice people, older couple people that used it as a restaurant warehouse. that's the only thing i had seen. >> police are waiting to execute search warrants to remove plants and other evidence. fire officials say the fire caused about a half million dollars in damage. >>> volunteers cleaning a south bay river made a gruesome discovery. found the body of a man in his 50s. no foul play is suspected in his death, and police say the volunteers found the body 10:30 yesterday morning as they were cleaning the guadalupe river in san jose. >>> a mother pushes to name a south bay post office after her son killed in iraq is moving forward. kenneth fowler died eight years ago. his mother wants the downtown post office on hope to be named after him. at a tuesday meeting, the city council is said to approve a resolution in support of that proposal. >>> runners and walkers are hitting the pavement for one of the wackiest races in the bay area and probably the country. the 101st running of the beta breakers. nowadays, you can't drink and you have to keep your clothes on, although it is still option. the san francisco race still has a uniquely bay area charm. police are out in full force keeping people on their best behavior and the job to enforce fun but also to enforce two things from last year, one, zero tolerance on alcohol and ban on floats. san francisco is expecting close to 50,000 runners to take part in this year's race. elite runners got started about eight minutes ago, and the rest of the folks take off in 20 minutes. here is the race route that began at beal and howard streets. it will finish at great highway. if you plan on driving into the city today, make sure you do a little research and plan your route. streets on the race course will be shut down until about 11:00. streets in golden gate park and great highway will be closed until 4:00 this afternoon. some community bus routes also will be changed. >>> a historical navy battleship is set to travel under the golden gate bridge headed for a new home. uss iowa was undergoing restoration in richmond. from its mooring there, it will be taken to sorp california where it is supposed to be turned into a museum. if you want to watch, it should pass under golden gate bridge about 3:30 this afternoon. >>> much more ahead on today in the bay. still to come, a big endorsement for gay marriage from the country's oldest african-american civil rights group. details on that coming up. >>> plus, he is finally getting some rest after years of house arrest in china. a daring is cape and diplomatic uncertainty. a blind activist wakes upn o american soil. we'll show you how he plans to build his new life here. eses >>> good morning, looking live at the fair city, waking up to a cool start but nice day overall. get ready for another dip in temperatures. we will talk with rob again an bit. >>> naacp made a move some call historic. the country's oldest sifl rights group voted to endorse same sex marriage, which has long divided african-americans. given the timing of the vote, it is likely to be viewed both as a statement of principle as well as support for the president endorsement of gay marriage. the group issued a statement saying the naacp will, quote, oppose efforts to codify discrimination into law. the strongest opposition to gay weddings within the black community has come from church leaders whose opinions may not be swayed by the naacp. >>> blind chinese activist chen guangcheng woke up in the united states for the first time. he is now in an apartment in manhattan greenwich village where chen and his family plan to live. they arrived from china last night. the complex houses faculty and graduate students of new york university where he is expected to attend law school. it has been almost a month since his dramatic escape from house arrest. he was under arrest seven years because of outspoken opposition to forced abortions and other social issues. >>> still ahead on today in the bay, age which has no boundaries, at least for an 80-year-old bay woman running the breakers race for more than a quarter century, her story coming up. >>> and so far, a nice start to the morning in san jose. clear skies for now, and we'll be watching the skies to see how ec getsli gets under way after 5:00. a look at the forecast when we come back. 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[ male announcer ] and we think that's the best prize of all. ♪ >>> good morning. looking live at some of the runners that took off for the 101st running of bay to the breakers race. seemed like a tame bunch. not that guy in the inner tube. some of the more colorful runners kickoff in 15 minutes or so. these are the folks that are serious about the running of the race, less serious about the causes. >>> rob mayeda has a look at the forecast not just for them but the rest of us. think i'll keep the sweater on today. >> it is cool this morning. saw the sunshine around san francisco. a pretty nice start. going through the rest of the day, should be a warm day inland before cooler changes arrive, getting back to the work week. right now in san francisco, 53 degrees, nice start. 53 in oakland, 56 in san jose, 55 in livermore. right now, not much of a sea breeze. still have a little west, northwest wind at 13, winds out of the southwest into fairfield. those winds are picking up through the afternoon, hinting at cooler changes as we get out of the weekend, get back to the work week. inland valleys, nice and warm inland. on the coast, you will see low clouds come back. as on shore winds pick up, we'll see much cooler temperatures, especially come monday and tuesday along with windy conditions at times. satellite and radar, high clouds crossing the northern california coastline. most of it stays north of the bay area until late today or tonight into tomorrow. we will see more high clouds sweeping on in. we're going to be watching the jet stream dropping to the south during the day tomorrow. leads to a big drop in temperatures. a super charge, that sea breeze. even showers north of santa rosa as temperatures drop off middle part of the week. here is the pornographic to show you going through the afternoon and evening. 6:00 or 6:30, get the maximum viewing of that partial solar eclipse, some fog tries to creep in. here is the good news. doesn't look like it rounds san francisco and go into the inner bay. most of the bay area if it holds up should have good viewing with most fog on the sea shore. as you go through tonight, then the fog punches in. once the marine layer deep ens, temperatures monday start to really drop off. if you like 80s, enjoy today's weather. mid-80s easily south of san jose and towards livermore. 82 in san jose. 75 in santa cruz before low clouds come back. mid-80s in pleasanton, mid-80s to concord and fairfield. warming around san francisco and the peninsula. 60s and 70s around noon, then by midafternoon, sea breeze cranked up with winds out of the west 15 to 25 miles per hour. and eventually low clouds in the bay into monday morning. today, warmest day in the next seven days. temperatures really start to cool down, especially inland monday into tuesday. we will see some windy conditions at times, pretty gusty, too. gusts may get close to 40 miles per hour come wednesday. other item to watch towards next weekend, memorial day weekend looks unsettled. cool temperatures and very possibly some showers coming in for saturday. still a long ways off. hopefully the forecast changes, cut off lows tend to do weird things with the weather. that's how things look now. >> thank you very much, rob. >>> as the warm weather drives more boaters to local waters, santa clara parks and recreation department kicks off the annual kids life jacket loaner program. it offers an easy way to borrow infant, child, teen size life jackets for free. to get one, head to coyote lake, the county park in gilroy, where you can sign it out for a day or the whole weekend and head out to the bay, not just our local lakes. >>> the 101st running of the bay to breakers is happening as we speak. among the thousands taking part is an 81-year-old grandmother from the peninsula who has been running the race more than a quarter century. today in the bay kimberly terry has her story. >> i love being outside, just decided i like running, so i did. >> reporter: martha jones didn't take up running until her 40s. once she started, it stuck. >> i am down to four days a week. i think health wise, it's amazing, really is. such a great deal for you. and i know when i don't do it, i don't feel as good. >> reporter: every year since 1984, martha has run the bay to breakers. >> i remember the first time my granddaughter ran with me, which has been a few years ago, she was flabbergasted with the news people. >> reporter: while she isn't able to run the entire course any more. >> i am not speedy by any matter or means. >> reporter: she still loves the spectacle of it. >> fun people, interesting people, everyone is very friendly, and yeah. get a big kick out of it. >> reporter: but after 28 consecutive years, martha says this might be her last run at bay to breakers. the self sufficient grandmother that still holds a part-time jobs and reads at least one book a week says she's worried about recovering should she take a fall. >> possibly her last race. i wanted to honor her through this. >> reporter: her son came up from santa monica to run with his mom this year. it will be his first bay to breakers. >> i am excited. i thought you know, why not, the last race and i am her oldest son. want to do it for her. it is special for me. >> reporter: kimberly terry, today in the bay. >> look at her go. >>> more ahead on today in the bay. giants fans, owning this would be the ultimate prize. we will show you the game gear used bycaoun r i ftakemet orerh and how you can take it home. >>> now you can get even closer to your favorite san francisco giants player. the jerseys that the players wear during the game, sweaty, sticky, dirty ones are flying off the shelf. we show you some of the game used gear now for sale at the ballpark. >> reporter: orange and black is game night requirement for giants fans. now fans have a new way to stand out, original gear. this gear was used by the players. there are dirty game balls, tarred, broken bats, scuffed up bases, worn jerseys, some are signed, some just stained. >> it has like a sport ee feel to it. you're like he wore it in a game. >> reporter: she wants to cuddle a matt cain jersey. >> may just hold it awhile, put it on the wall. >> reporter: like any good secondhand store, merchandise is always changing. during the fourth inning monday night, they delivered game night goods, including an awe then indicated bat. >> see it on hd tv dates, it matches up to this helmet you know that was used in that game. >> reporter: bobby likes to link his souvenir to specific plays. >> sweat marks, whatever. >> reporter: why would you want a shirt with sweat marks? >> got lost in the laundry at home. it is part of history. you know. >> reporter: fans of all ages. this fan is eyeing a used bat. >> i would show it off to my friends. >> no more sweaty socks coming into the house. >>> golden gate bridge is the only san francisco landmark celebrating a 75th landmark as well as the u.s. mint. today, we have a rare look inside the building once known as the granite lady. >> reporter: san francisco's market street, it looks like a fortress on the hill. ominous gray building wrapped in high fences and barbed wire. >> i heard it is a prison, mental society. >> reporter: in reality, it is home to one of the country's last u.s. mints. it is a high tech government factory that's nothing but money. >> an year, make close to 60 million coins. >> reporter: san francisco's minting history began in 1854, when the old mint would turn miner's gold into coin. but the coins produced here aren't your run of the mill pocket change. since the '60s, the building began to produce mainly collector's coins bearing trademark s for san francisco. >> we make the proof coins that represent coins that you have in your pocket. when you look at a proof coin, you go wow. it is so shiny. >> reporter: there's plenty of history to the process. artwork steel dyes used to imprint the coins. now, lasers do much of the work. >> went from doing it by hand to having nice machines do it for us. >> reporter: for all of this technology, the eye for perfection is still human. >> consider myself and my crew 21st century artisans and black smiths, making american artwork and history through coins. >> reporter: it is one of the few occupations where mistakes are worth even more than the perfect product. >> collectors are out there hoping we'll make a mistake and it will get out and they'll have a coin that's worth millions of dollars. >> reporter: a time when spare change is normally tossed in a jar, it is unusual to see coins so revered, they can only be handled with white gloves, where the idea of making money is considered an art. >>> still ahead on today in the bay, a powerful deadly earthquake shakes italy. we are following for the latest damage. we will show you the estimates coming up. >>> and facebook mark zuckerberg ties the knot with his long time girl friend, priscilla ta youch where the secret wedding was a surprise even for the guests. ♪ [ motor turns over ] [ liquid pouring ] [ chain saw buzzing ] [ male announcer ] what if everything ran on gas? then again, what if everything didn't? the 100% electric, zero-gas nissan leaf. innovation for the planet. innovation for all. ♪ [ male announcer ] for our families... our neighbors... and our communities... america's beverage companies have created a wide range of new choices. developing smaller portion sizes and more low- & no-calorie beverages... adding clear calorie labels so you know exactly what you're choosing... and in schools, replacing full-calorie soft drinks with lower-calorie options. with more choices and fewer calories, america's beverage companies are delivering. ♪ ♪ ♪ [ transforming sounds ] [ male announcer ] transformers. the ride. ride it at universal studios hollywood. >>> and looking at some of the folks running bay to the breakers race for the 101st running of the race. so colorful. we're seeing some of the folks making through with costumes that are a little more tame than we're used to. >> serious race until you see a bee and stormby. >> good morning. i'm kris sanchez with rob mayeda. >> they may have questionable attire in some places, 53, sunny in texas. 56 in san jose. notice the wind, not much sea breeze now. that's the reason why. if you head to the giants game, you can see the spread of temperatures, upper 80s by livermore. cooling at the coast by 5:00. mostly cloudy skies there, that's the issue as you watch the solar eclipse later today. we have a weather system that will enhance that ocean air later today. let you know what that means for the rest of bay area temperatures and big drop in the seven day forecast coming up in the full sunday forecast. look at the solar eclipse forecast. >> that's what we want to know for the afternoon. thanks, rob. >>> following developing news out of northern ilt lee. rescue crews are frantically looking for survivors after a 6.0 magnitude quake, six people dead already. it struck around 4:00 in the morning, people were sleeping, about 22 miles north of bol own a. it sent thousands running into the streets. more than 50 people injured and folks are expecting, rescue workers expect to find more of them, searching under all of that rubble for survivors and also for possible victims as well. >>> back here at home, thousands of protesters are expected in chicago for the nato summit. protesters from occupy movement will join forces with an anti-war coalition, and the threat of violence is real. last week, police in chicago say they discovered and stopped a terrorist plot connected to the nato summit. police arrested these three men, accused of planning to attack the president's campaign headquarters as well as mayor rahm emanuel's home and other targets. today, president obama, other world leaders will gather anyway. >>> a south carolina coastline under a tropical storm watch this morning. forecasters warn of dangerous surf. tropical storm alberto is churning up the seaboard with maximum sustained winds of 50 miles per hour. >>> here at home, facebook status, married. mark zuckerberg's big week got even bigger with a surprise wedding to his long time girl friend. he took the plunge with priscilla yesterday in palo alto. the wedding was secret, even to the 100 guests who thought they were gathering to celebrate chan's graduation from medical school. some photos released by facebook show the happy couple after the ceremony. the wedding reception went on well into the night. neighbors didn't seem to mind. >> that's cool. everybody likes to party. why shouldn't zuckerberg party, sure. >> they met at harvard, dated nine years. the marriage came one day after he took the company public. >>> this morning, an 18-year-old man is recovering after a gang related shooting. happened on the 1600 block of honeysuckle drive. a man had at least one gunshot wound. was hospitalized with nonlife-threatening injury. investigators say the shooting was gang related and so far haven't arrested any suspects. >>> in san jose, an unsettles discovery for volunteers that showed up to clean up the guadalupe river. instead, they found the body of a man believed to be in his 50s, no foul play is suspected in his death. police say the volunteers found that body yesterday morning. >>> this year for the first time since lawmakers have approved a bill, a conservative group urges parents to keep kids home tuesday. the group, save california is running tv ads warning parents any classroom information about the murdered san francisco supervisor would be immoral indoctrination. harvey mills day is may 22nd. on that day, schools are encouraged to discuss the openly gay lawmaker's fight for civil rights. >>> a concert will be held at fox theater in redwood city, will feature several local bands. it was organized by michelle rubin stein. she assembled a group of teens and together they planned that concert, secured more than $12,000 in donations for suicide prevention programs. >>> a lightning strike turned out to be lucky for two homeless brothers. alfred and george were struck by lightning camping on mt. diablo after losing their home to foreclosure. since the story aired, people have donated about $10,000 to the brothers and goodwill keeps coming. a community fund-raiser will be at the pacific coast brewing company. an ee vept from 3:30 this afternoon until 7:00 this evening. also this week, the brothers get to move into an east oakland home an act as temporary care takers there. >>> much more ahead on today in the bay. an unusual sighting in the night sky. hasn'tn n the u.s. nearly 20 years. how you can catch a glimpse of it safely. >>> good morning. looking live at a hazy start to the day. looking live at san francisco from the san bruno mountain camera. very pretty start. cnbc sue herrera has a look at the upcoming week in the world of business. >>> after years on the decline, the u.s. housing market appears to be on the rebound. home builders feeling more confident and constructing more new homes. fewer homeowners are late with mortgage payments, and this week, we get a better look at the housing situation with two readings on home sales. two reports on home prices, and mortgage application. we will see how orders for big ticket long lasting goods are, including things like appliances, cars, aircraft, and computers. >>> earnings season winding down. some companies like lowe's, costco,tive niece, best buy, dell will report earnings. hewlett packard has erpgs and expected to announce job cuts to effect 10% of their work force, as many as 30,000. >>> nebraska expected to close three processing plants and layoff 85 workers this week. this is the company that processes pink slime. the beef product that caused an uproar for the past couple months. >>> atlantic city new jersey newest casino opens its doors. $2.5 million smoke free rovell will have 5,000 workers and beyonce performs opening day. i am sue herrera. >>> get your news before the bell on today in the bay at 4:30 in the morning. >>> you may see a ring of fire in the sky tonight. we will talk about the much anticipated annular solar eclipse. what makes it special and best time to see it. >>> first, here is the community calendar. >> good morning. i'm mike inouye. lots to do in the bay. head to the newark pavilion for hawaiian music and top chef battle, including sam choi. i think we should call the champion the pokey man. >>> the first solar eclipse in ten years, and best partial eclipse seen from berkeley until 2045. don't miss it. also, don't look directly at it either. and from the sun to their sun. let's look at don and becky. this is little julian. they lost him after two days, due to catastrophic pediatric disease. in his memory, they hold this fund-raiser to help children and parents of st. jude. head to guitar show case in san jose where they auction off great one of a kind items for charity, rock on, julian. go treasure your moments today in the bay. yet gentle enough for sore mouths. new act sensitive. strong teeth, fresh breath. in a sensitive formula. 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[ zapping ] [ clang ] this is the next level of performance. the next level of innovation. the next rx. the all-new f sport. this is the pursuit of perfection. the all-new f sport. get your cash back! oh, hi. which cash back booth looks better to you, chase freedom or the largest cashback card? oh, i'll try the largest. oh, that is too bad. apparently you don't know chase freedom guarantees you 1% cash back. 4 times more than the largest cash back card, which only gives you a quarter percent until you spend $3,000 every year. but have fun. bob and weave once you're in there. don't get short changed. get your cash back. chase freedom. >>> good morning, san jose. looking live at a mild start to the day, and it should stay that way for most of the day. temperatures will change, though, we'll check with rob on that in a bit. >>> this evening for the first time in nearly 20 years, an annular solar eclipse will be visible in most part of the united states. joining us, jonathan braidman from the space and science center. thanks for joining us, last time they heard annular, it was annual. what is that? >> annular solar eclipse is when the moon is far enough away from the earth it appears to be smaller than the sun. therefore, instead of covering the sun like a total eclipse, this has a ring of sunlight, ring of fire you can see from some parts of california today. >> talk about the fact it is not safe to look at it directly. we should emphasize that, you can really hurt your eyes. >> go out and see it, don't look at it directly. you can damage your eyesight. you want to use welders glass number 14. if you can see through glasses, they're not good enough to look at the sun. the best way to do it is to look through a pin hole camera. you can use your hands to make your own pin hole, watch your shadow on the ground. if you have a perfect circle of light between your fingers, you know you're doing it right, you can see the moon cross the sun on the image you project on the ground. >> rob mentioned using a piece of paper with a pin prick as well. >> that's a pin hole camera and simple. you need tin foil. >> it kind of starts to be visible 5:00, 5:15? >> starts at 5:15, peak at 6:30, over by 7:40. you want a place to watch it with a clear view to western or north horizon. that way, you can see down to sunset. it will be going straight through until right around sunset. sunset a little after 8:00, ends around 7:40. should be a spectacular show. >> we were talking about a camera, i asked rob, can you use a camera to take a picture. it can even damage the camera. >> it can damage the camera. optics could be sensitive to that much light. you don't want to hold it, point it directly at the sun for too long. if looking through a digital camera, it should be safe for your eyes. but if you leave it there too long, it can focus on the back part of the camera and damage the camera. >> had some exciting things in the skies lately, this isn't the last of the excitement. something else is coming. >> we call it an astronomical triple play. rare for all three to happen at once. solar eclipse tomorrow. june 4th, a lunar eclipse, same deal, except the earth shadow falls on the moon. that's at 3:00 in the morning, for the night owls. >> or for us. >> then june 5th, also a transit of venus, that's pretty special. that's alignment of venus, the earth and the sun. so we will be able to see venus passing in front of the sun, especially through solar telescopes, spectacular thing to see. won't happen again for 105 years. >> so a great place to find out more about this. unfortunately, your event is sold out. >> tomorrow, the event is sold out. other two events, tickets are available, selling fast. i recommend getting out there, trying to see that spectacular event, venus transit in particular. it is really cool. >> thank you for helping us. we will put our fingers together today. thank you very much. the viewing party is sold out, but found a couple others in the bay area. among them, lawrence hall of science at uc berkeley has several telescopes on their main plaza. also, special programming inside the planetarium. that event from 5:00 to 8:00 tonight. >>> from security lines to dealing with jam packed planes and delays, flying can be a bit of a hassle in the summer months. now airports are taking steps to make it less stressful. might be surprised what you see in your next layover. get this story from john yang. >> reporter: getting from point a to point b by plane these days often means a lot of time at point c, long layovers, late connections and those weather delays. at the atlanta airport, rick nelson spent a recent layover in a rented private cubicle right off the concourse. a company called minute suites rents them $30 an hour. sound proof, have a tv for entertainment, desk for working, and for napping, a day bed. nelson spends eight hours a week in airports, often trying to work at a crowded gate. >> how does this compare to that? >> 100% better. >> reporter: they're in atlanta and philadelphia, plan to open later in dallas and minneapolis. more than half the clientele are business travelers. >> they want to decompress, be in a relaxing, private setting. >> reporter: stressed road warriors find more options at airports. minneapolis, st. paul, the airport marked a 1.4 mile walking trail. companies like express spa have airport locations that offer massages. passengers at san francisco can work out kinks at a yoga room. >> having the opportunity to do five or ten minutes when i already have time and can wait, it is nice. >> reporter: a website tracks gyms near airports, this 24 hour fitness 15 minutes from the airport. airlines are stepping up their game, too. as they compete for travelers, they offer more amenities. they have growing demand for airport lounges. most offer full bars, work stations. this delta lounge in atlanta has a quiet room, even showers for weary travelers. >> they find this is the place, the haven from the maddening crowd in the terminal. >> reporter: one of the ways travelers try to find peace and quiet. john yang, nbc news, atlanta. >>> from a workout at the airport to running and walking for one of the wackiest races in the bay area, 101st running of the bay breakers race is under way. this is video just into the newsroom. like to delay it a bit, never know what can happen. nowadays, you can't drink, have to keep your close on. the san francisco race has bay area charm. police are out in full force, keeping thousands of people on their best behavior. they say their job is to, quote, enforce fun. but they're also enforcing two bans adopted last year, one zero tolerance on alcohol, the other, a ban on floats. san francisco expects close to 50,000 runners to take part this year. >>> still ahead on today in the bay, three extremely rare cubs born at a zoo. we'll show you where you can see them in person, and what makes them so special. >>> meantime, a nice clear start to the morning in san francisco. we're watching a warm day inland, and how the weather will behave for the forecastol l eclipse forecast later this evening. a look at that when we come back. >>> welcome back. a live look at oakland this morning, mostly sunny and mostly pleasant forecast going into the afternoon. one that's going to be a little warm if not hot for inland valleys. show you the temperatures in a moment. for the most part, i think the weather should behave for the bay area as we watch the relatively rare annular solar eclipse viewing. it peaks bouts 6:32. should get good viewing, except at the coast. this is the first of three big events. we have the overnight lunar eclipse coming june 4th, which you can safely view that at night, unlike the solar eclipse where you want to protect your eyes or watch it here on nbc bay area at 5:00 and 6:00 tonight. and the transit of venus june 5th. you have one, two, three of these events. that, too, you want to find your way to the science center, you need special gear to see that. not something you can see with the naked eye. places like that can show you that rare transit of venus june 5th. right now, fairly mild outside. upper 50s around fairfield and concord. seeing a little sea breeze this morning, but that will be turning stronger as we head through the afternoon, thanks to a weather system that's making for some bad viewing across oregon and washington for the partial view of the annular eclipse. notice northern california is seeing a few high clouds there around eureka and reddick. 6:00, when you see prime viewing, 6:30, maybe from pacifica to half moon bay, you'll see a few low clouds coming in. more of them spill in later tonight into monday morning hinting at cooler changes in the forecast. getting past today, 80s inland. warm finish to the weekend south of san jose and east towards livermore. we see temperatures in mid to upper 80s. then around 4:00, we see a sea breeze kick in. these areas, some good viewing of the eclipse for east bay valleys. if you get to the north bay, san francisco, parts of the peninsula may get 70s before the sea breeze turns on. you can see temperatures 70s to low 80s in wine country, low 60s on the coast. watch for the low clouds late day in pacifica, half moon bay. the trend in the forecast, warmer inland. low clouds going back to the coast this evening. monday, temperatures start to drop and they drop a lot more as you go through the week. tuesday probably gets drizzle and windy conditions as the trough kicks off to the east into wednesday, and look at the temperatures, 60s and 70s. and for now, still a chance of some showers, especially out towards the sierra as you get to memorial day weekend next weekend. again, solar eclipse viewing looks good around the bay area. only exception to the rule may be the coast and maybe areas in far northern california. the best viewing in northern california goes from eureka, redding, to reno, probably getting a better view there than we will. 85% coverage around 6:30. should be dramatic site. >> don't look up, look through. >> exactly. >>> a rare treat for animal lovers in india where three rare white tiger cubs were born at the zoo. zookeepers are keeping a close watch on the cubs while they adjust to their new environment and making sure their mother and the cubs aren't disturbed except for quick video. they brought in a tiger and tigress in january. white bengal tigers are very rare. it depends on a recess i have gene passed on by the parents. >>> vancouver aquarium has new residents as well. these endangered south african penguins waddled in front of cameras, making public debut this weekend. now that they're in their new home, the aquarium is having a contest looking for suggestions based on british columbia cities and towns. >>> thank you so much for making us a part of the morning. more local news at 5:00, 6:00, and 11:00, and all day at nbcbayarea.com. >> batman and the bumble bees. >> the running of the bay to breakers race is going on this morning, also the big game between the a's and giants. have a great day, see you next weekend. ♪ 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? 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in the hands of the tiny elite. mark zuckerberg is now worth more than the bottom fifth of all households put together. there's concerns about income inequality and you see a lot of money going to the top and not a lot of jobs being created here. facebook has only 3,200 employees with a market cap of $100 billion. that not a really great example of the wealth being spread around. >> i know, but i mean, you know, it's true that there's this -- there's such inequality, but here's a guy who started a company, had a great idea and it worked. so i mean, then he made a lot of money from it. >> yeah, i have no problem -- >> isn't that america? >> yeah, i have no problem with mark zuckerberg getting rich, but compare that with henry ford or earlier entrepreneurs. they created great companies that in turn created a lot of great middle class jobs and built the middle class. here, we're seeing a great company and very few jobs and very few jobs for the middle class. i mean, the unemployment rate in silicon valley is higher than the national average. i mean, this is just not being spread a

its chance to buy stock in facebook. mark zuckerberg and company will raise about $16 billion. alex. >> reporter: this is where all the action is happening. employees inside headquarters right now very excited employees. about 1,000 of them will become instant millionaires not too long from now once the company goes public. the stock has been priced at $38 per share. we will give you a look at what the scene looks like. not at this moment but this was from last night. they are holding a hack-a-thon where employees are free to work on whatever projects they would like to work on. the ceo mark zuckerberg inside. last night he answered questions from employees ahead of the ipo to give them a sense of what is going to take place. hack-a-thon is a way to develop new ideas. i want to bring in justin. give highway sense of why they are holding this hack-a-thon. what is the goal? >> i'm sure it's to keep people focused and calm and carry on. but let's be honest there is probably a party in there. >> reporter: what happens after they ring the opening bell remotely here? what does that scene

, investors who claim clamorred to buy stock when the company went public on friday. mark zuckerberg is about to get richer at the age of 28. he celebrated his birthday this week. >> gosh, okay, i'm glad this isn't live. >> reporter: it was 2006, about two years after launching facebook from his harvard dorm, a nervous and camera-shy mark zuckerberg -- >> sorry, can i start that a different way? i'm so not on today. >> reporter: sits down for a cnn interview. >> can you just say your name and appropriation announce it is so nobody messes it up a and they have it on tape. >> sure, it's mark zuckerberg. >> reporter: how would you like to be roufd, your tight approximately. >> found aer and ceo. >> he was so unknown, our producers had to ask the most basic question ps. >> how did the company start? >> well, it didn't start as a company. afs sophomore at harvard. i've never really been asked how the company was started before. >> reporter: how did facebook start? >> now i'm all embarrassed. you would think i would have been asked that like a ton of times. >> reporter: speaking-wise he may h

and evelyn russly of "the new york times" joins us from new york. great to have you both here. john, as we talk about the ipo, it raised $16 billion but the stock now starting trading this morning at 11 a.m. an hour and a half after the markets officially opened. why that 90-minute delay? >> well, the demand for this is really off the charts. what we're hearing is investors, retail investors, everyday folks like you and me, want in on this more than they have on anything else. so, it takes a while to line up and get into anything. it's going to take a while to line up and get into this stock. >> as we remind everyone about facebook and the fact it's only been around for eight years, in that time we've seen this website move from the dorm room experiment to the juggernaut worthy of the aaron sorkin epic with the movie they put out. explain to everyone, what's on the mind of wall street investors and why they're looking at this and drooling, basically, about what facebook means? >> absolutely. the growth of facebook has been nom. i remember being in college and getting e-mails from friends at harvard saying, join this site, my friend mark started it. now $4 billion in revenue, owning social media category. every few years or so silicon valley sends to produce kind of a category-defining company. for social media, that really has been facebook. there's still a lot of question marks. i think in the coming months we'll see investors wrestle with the questions about big advertisers and whether or not there's going to be more companies like gm pulling advertising from facebook. if they can just build their brand without having to pay facebook. still a lot of questions but there is so much promise around social media and what it means for the web that we'll probably see the stock go very, very high. >> as evelyn brings up about the promise of the social media websites, certain companies that would be considered to be within the same zip code as facebook, that have gone public recently, like pandora, zynga, how does facebook stand apart from them or does it? >> is it-t stands way apart from them because it's so huge. this is a company -- this is a service that's got 901 million users, active users at last count. we just haven't seen anything like that. you know, i was thinking back on when is the last time we saw an ipo that had this much hype, this much interest. thought back to google, when google went public, a lot of people knew what it was but they didn't understand the juggernaut it was going to be. at this point facebook is already the biggest site on the internet. the fact it's going public is just a big cultural moment as well as being a huge financial moment. >> just to tell everybody, real fast, i want to jump it because we're hearing it's going to start trading 11:05. they're pushing it back minute by minute. evelyn, you wanted to say? >> i wanted to say that another point about what makes facebook special, you could say, is that it's so personal, right? when doing. went public, people used it for search. facebook is intertwined with our lives. we post messages, our photographs on there. that's probably why you're seeing so much deman from the retail side because a lot of people understand this brand. they use it probably every day. they assume, well f i'm spending three hours on facebook, a lot of other people must be as well. >> ipd to ask you, as i brought up in the intro, they raised $16 billion in its ipo. the company made this huge acquisition recently with instagram. can we expect facebook to start gobbling up more companies, increasing its girth, so to speak? >> instagram was an anomaly. they made acquisitions in the past but never went that big. i think you'll see a mix where they'll lean on their prior strategy, which was doing a lot of -- buying companies for their talent and then buying a few here and there strategically where it makes sense, like on mobile. >> let's talk about the man behind all of this, mark zuckerberg. he's the 29th richest person on the planet. if that wasn't enough, he controls more than half of the voting stock for facebook. so, in the expectation of the business, the cyber community, silicon valley, what do people expect from him in the few months ahead, the years then to come? >> well, i think people expect him to remain really focused on just building out the product. there's been interesting watching facebook, especially over the past few years. he's had this kind of battle in values between investors and his agenda for the company. other companies who wanted to acquire facebook and his agenda for the company and his real push has been, i want to maintain control, not so that i can be on the list of the richest people in the world, but so that i can be sure that this service and this company becomes what i want it to be. that's going to get that much tougher for him in just a few seconds when this stock starts trading because everybody's going to have a different measure to judge whether facebook is doing well or not. there are going to be people invested in this financially, not just emotional with their facebook profiles. he'll have to balance all that. that's tough for a 28-year-old guy to do. >> explain to us the mod fick or span of what we're seeing about where the stock is expected to start trading. some are saying maybe at 42. then that would be below expectation. but it was originally going to be below that. isn't that above expectation? i think it's confusing to people where it's going to hit. >> it is really confusing. $38 was the price where they said, hey, this is where we expect that it could start trading. then when all those orders come in, there's a lot of demand in there. where it opens up could be anywhere. i mean, it could be at this $42, $43 level. it could push up a lot higher. from there it's an option. what are people willing to pay versus what are people willing to sell it for. with all of these investors coming in who might not have a sense of exactly what they're paying for, they know they want a piece of it, you could see a lot of exuberance. i'm seeing bets on twit ter could go to $50 quickly. >> according to some people who are close to underwriters, in those discussions as to how to price it, there was a lot of talk about maybe between $45 to $55 is where it would be trading in the coming months. so, i think, though, those expectations are actually quite muted when you think about how many people are going to try to get into this. we could see the stock easily getting to $50, in my opinion. >> jon, explain to all of us as we explain about people getting in and doing so on the ground floor, while it's going public, it's not truly public. you know, john q. doe and jane doe, they can't get on in right now unless they have a lot of cash to come to the table with. >> exactly. a good friend of mine who's got a good amount of money was approached by someone at morgan stanley who said, hey, i can get you this number of shares. he could get in early because, hey, he's got a lot of money. he's got a relationship with this bank that has some shares. they want to let him get a piece of it. but the rest of us who don't have those kinds of relationships have to wait until this starts trading publicly. and who knows what the price will be. it will just be based on demand, what people are willing to pay. our deal is not as good as people like my friend who have a lot of money and people who got in on this years ago and invested in it. they're going to make a whole lot of money as soon as this starts trading. >> i want to talk about google and a lot of people have talked about the hindsight being 20/20 they missed out on that model when it went public and they're using that as the reason why they want to be involved in the public -- the ground floor, that is, of facebook. those two don't add up if we look at the long-term projections of what those companies can do and the profits they can turn, correct? evelyn,dy lose --dy lose you? can you hear me? looks like we lost evelyn. jon, let me phrase that question to you about the fact that so many people had regrets about not getting in with google and using that as a reason, hindsight being 20/20 to want to be in with facebook. but the two business models don't match up, do they? >> they don't. keep in mind, when google went public, it was at about a quarter of the total value, the total company price that facebook is going public. and google's model is different from facebook. how google makes money, you do a search. if you're looking for bathroom towels, information on bathroom towels, they'll show you an ad on bathroom towels. they know if you're searching for it, you probably want to buy it. facebook a bit different. they know who your friends are, they know your interests, so then they try to show you graphical based on that stuff. their business model, how they make money, is really going to have to grow and evolve over time. there's a lot of uncertainty over exactly how that's going to happen. a lot of people expect this stock to have ups and downs because people getting into it understand why they like facebook, but they don't necessarily understand how facebook makes money. so, if they hear some bad news, maybe they'll sell. if they hear good news, maybe they'll buy. that could mean a lot of ups and downs in the stock price over the next few months. >> when they talk about the fact this will most likely lead to expansion in hiring within facebook itself, what do they need to do to stay ahead of themselves and stay competitive? again, widely revered new kid on the block but people will expect big thins of them because of this price. >> well, they actually have to be really careful about hiring. they have about 3,000 employees right now. that's not a lot by, you know, $100 billion company standards. part of the reason for that is focus. with some types of companies, manufacturing companies, when you're building stuff, if you hire more people, you can build more stuff. if you're an internet company, if you're making software, not necessarily the case. there's a saying here around silicon valley, if you get nine women, you can't have a baby in one month. the same goes with software programmers. hiring more programmers doesn't necessarily mean that you get something done faster. you just need the right few people to do it. so, facebook really needs to focus on making sure it gets and keeps the right people. doesn't try to grow too fast. do too many things too quickly because we've seen companies stumble had they try to do too much. >> jon, i'm go to bring in my power political panel. i want to get their opinion on what we're waiting and watching here with facebook this morning. i have susan with me, former democratic governor of ohio, ted strickland as well as perry bacon. guys, thanks for being so patient. as we watch this together. we're in it to win it, as we see what facebook is going to bring us. susan, i want to start with you. we're watching this. i know you're a social media maven of certain areas. maybe that's a big title for you. what do you think when you see this? as we were hearing from jon and evelyn, the fact that this is basically for the big donors so far, the 1% that can get in on what is the bounty of facebook. >> right. it just goes to the discussion that we've been having through the political arena of having two sets of rules. it seems like if you have a lot of money, you can get in early and make even more money than if you want to try and buy it as the regular person on the street and you're not able to make the same profit. i mean, that's how it translates into the political world. >> governor, when you hear about the speculation of where it's going to start and the big expectations of the company itself, do you think it sounds worth it? >> well, it sounds like a different world from many of the people that i know here in ohio who are just struggling to, you know, get by, maybe have a $30,000 a year job of some kind, that helps them keep body and soul together. and to hear about someone making billions of dollars as a 27-year-old, having apparently established this company initially in a room at harvard university. in fact, i was in cambridge recently and someone pointed up to one of the dormitory rooms and said, that's where facebook was created. i don't know if that's the case, but this is a young man who obviously is going to be very, very rich. and a lot of other people are going to be very, very rich. but for the most -- most of the people that i know, it's like a different world. >> perry, what about you, what do you think? is it worth it? >> it probably is. i do think facebook is different than the companies on wall street who have failed, asked for government bailouts. facebook is creating a product people find useful, usable, use it in their everyday lives, created businesses around it. it has changed society in a lot of positive ways as well, even though people who buy the stock today are in the 1%. >> perry, i want to go out on a limb. did you have facebook in college? did you have the edu address and you were one of the first people in on the ground floor that had facebook? >> i was not one of the stock, i was not involved in creating it. we didn't have facebook in college when i was there -- >> i knew it. i knew it. i was writing sue is san messages. how old do you think perry is? i didn't want to go out there and fall flat on my face. i knew it. we're a good team here. we'll take a quick break on msnbc and be back with much more, talk to our political power panel about what's taking place on the campaign trail and what's taking place auto wall street today. 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[ male announcer ] for fruits, veggies and natural green tea energy... new v8 v-fusion plus energy. could've had a v8. >>> welcome back. as we continue breaking news coverage this morning of what's taking place on wall street as the nasdaq is about to welcome facebook as one of the contenders there. we're waiting for it to join the other companies publicly traded. however, there has been a slow start to it this morning. again, the nasdaq opened at 9:30. they were going to have facebook start at 11 a.m. because they were trying to deal with the flood of interest that was going to be coming its way. now here we are at 11:17 and it hasn't started to trade yet. cnbc's john fortt joins me as well as evelyn, and keeping me on track. we'll have our political power panel back in the conversation here in a second. jon, i want to start with you. explain why we're seeing the delay here. people are getting impatient, especially those excited to see this go at 11 a.m. >> i wish i could explain why the delay is happening. but i'm seeing my colleagues the cnbc wondering, cracking jokes, maybe they want 11 a.m. pacific time. but this demand is off the charts. this is important for more than facebook. i want to mention here, what we've seen over the past couple years is ordinary investors, mom and pop, not really wanting to be in the stock market, but this one stock is driving so much interest, you have to wonder if people are going to get in just to get a piece of facebook. now, you have to hope they're not terribly disappointed in how it trades. this is important not just for facebook but the stock market in general. >> we'll ask you to stand by and come back to this conversation. we'll move on to our political power panel for this morning. the head of the gop super pac blamed for a proposal to relive the reverend wright controversy. the head of ending spending action fund called the defeat of barack hussein obama, a bad idea in the world of bad ideas. >> we didn't commission anything based on reverend wright. mr. ricketts or his family would do anything. >> td ameritrade founder and super pac founder james ricketts denounced the proposal as did the gop presumptive nominee mitt romney. >> i want to make it clear. i repudiate that effort. i think it's the wrong course for a pac or a campaign. i hope that our campaigns can respectively be about the future. >> all right. welcome back to today's political power panel, larry bacon, ted strickland, former democratic governor of ohio and the wonderful susan, msnbc contributor, republican strategist and founder of del persio strategies. brian baker defending joe rickets and his families this morning. >> the ricketts family is an open and welcoming family and committed to open and honest dialogue. a family of diverse political interests, incredibly generous. it's hurtful and unfair to the ricketts family to have anybody suggest they would want to pursue anything like this. it's unfair. >> are you learning about the ricketts family were unfairly pulled into this fray or throwing fred davis under the bus? >> it's likely the proposal very detailed, in the story it was preapproved and looked at by the ricketts family, something out of context. it seems like they are -- of course, everyone is trying to throw somebody under the bus in a situation where no one likes what came out. mitt romney condemned it. every republican i heard condemned it. it's good for mitt romney to get this issue off the table because i don't think he wanted to discuss it but i'm not surprised people are trying to distance themselves from this at all. >> according to abc news, one of the top mccain advisers made this mention of fred davis. basically fred davis is this gop media guru who pitched this attack ad against the president. so the top mccain adviser has gone on the record saying he requires round the clock adult supervision. susan, romney last night spoke out against this campaign. this is something he's trying to distance himself from. take a listen. >> i would like to see this campaign focus on the economy, on getting people back to work, on seeing rising incomes and a growing prosperity, particularly for those in the middle class of america. >> is this is a problem for mitt romney where he has friends that turn into foes in a certain respect that shift the conversation away from, again, where he'd like to keep it, which is on his strong suit, economy, jobs? >> well, as republican strategist or just a campaign strategist, citizens united scare me, besides we could talk about the money issue, putting that aside is that you have a lot of other people who can step on your own message. so, the romney campaign and barack obama for president campaign are going to have their own messages. and third-parties are going to step on them. when you can't control what somebody else is doing, it can work to your detriment. so, while you have all these independent groups out there, a lot of times they will be hurting the candidate. >> governor, i want to ask you about this. susan brings up a great point. is there something to be said about the company romney and republicans keep? you're basically a reflection of them and that means that you will be a reflection of them when they start with their super pac ads. >> well, i congratulate mr. romney for rejecting this approach. but the fact is that a few months ago mr. romney was bringing up the reverend wright on the hannity show. so, the fact is, thomas, what this shows is the destructive effects of the citizens united decision. i think it was one of the most destructive decisions ever to come out of the supreme court. it is endangering our democracy, i believe, because it's giving power to a few people who are super wealthy and they can control the agenda of this country. we are moving, in my judgment, from a democracy to a mplutocray where wealthy people can spend multiple millions of dollars and spread hate or venom or whatever they choose to spread. i'm glad this situation has been brought to light and rejected by the romney campaign. there's a lot of nastiness out there, really nasty people, nasty individuals, with whole lots of money. and it's endangering our system, our political system, i believe. >> our political power panel for this friday morning. thanks to all three of you. i appreciate it. >>> history delayed as we watch what's taking place on wall street today. one of the biggest ipos in the world still not off the ground in terms of trading on the nasdaq. we keep our eye on that nasdaq board. what's taking place outside as they have gathered to see where facebook will hit the ground running. people are getting impatient. we'll try to figure out what the holdup is. >>> plus, some senators are going after facebook's co-founder. wait until you hear this one. at bank of america, we're lending an in communities across the country. fro omrevi htalielzeping t a neigbrhbooklyn..or.ho financing industries that are creating jobs in boston... providing funding for the expansion of a local business serving a diverse seattle community... and lending to ensure a north texas hospital continues to deliver quality care. because the more we can do in local neighborhoods and communities, the more we can help make opportunity possible. t dog. every bite goes above and beyond the call of deliciousness. that's a big 10-4 kosher. with no fillers, by-products, artificial flavors or colors. hebrew national. the better-than-a-hot dog- hot dog. home protector plus, from liberty mutual insurance, where the costs to both repair your home and replace your possessions are covered. and we don't just cut a check for the depreciated value -- we can actually replace your stuff with an exact or near match. plus, if your home is unfit to live in after an incident, we pay for you to stay somewhere else while it's being repaired. home protector plus, from liberty mutual insurance. because you never know what lies around the corner. to get a free quote, call... visit a local office, or go to libertymutual.com today. liberty mutual insurance. responsibility. what's your policy? 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[ female announcer ] charmin ultra strong. and now enjoy the go on the go with the sit or squat app. the clean restroom finder from charmin. >>> welcome back, everybody. we continue to follow the breaking news this morning about facebook joining others on the nasdaq, starting public trading this morning. scheduled to start at 11 a.m. but now it's almost 11:28 and they haven't begun yet. we have jon fortt joining us from cnbc bureau in california. have you learned any more about the delay, why they haven't shown up, or is this trying to be fashionably late for facebook at the nasdaq? >> no, they're not trying to do this. this is actually some egg on the face of wall street. one of my colleagues has said one of the issues here is that the nasdaq and wall street trying to avoid the sort of moment that they had a few weeks ago where a stock went up quickly, down quickly, gave people whiplash because the ordering systems were not prepared to deal with the traffic and what people wanted. a headline from the wall street journal coming out saying they're trying to deal with people changing and canceling orders ahead of time because there are so many orders coming in. part of what we're dealing here -- imagine there was only one theater showing "the avengers" over the past week and everyone was trying to get in the narrow doors and waving their tickets around. they're trying to make sure there's not the equivalent of a stock market riot here as people try to get into the stock. they're having some trouble getting it started. >> jon, we'll keep you on standby and jump back with you as as soon as we see movement there and it makes history, joining the nasdaq. we want to find out what number it jumps in. >>> lawyers connected to the trayvon martin case are reacting to the massive trove of evidence released by the florida state prosecutor's office. the release includes this last known video of the 17-year-old inside a sanford 7-eleven. an autopsy results revealed martin had traces of thc in his system, the active ingredient in marijuana. the 183-page document dump includes photos of george zimmerman's injuries, which the police report shows consisted of a bloody nose and cuts on his head. we've also learned that sanford police concluded zimmerman could have avoided the encounter if he'd waited in his vehicle, as instructed, listening to how zimmerman's lawyer and the martin family attorney reacted to this conclusion. we heard them on the "today" show this morning. >> if he wouldn't have profiled trayvon martin and pursued him and confronted him, he wouldn't be in jail and more importantly trayvon martin would be living today. >> in every life event or experience, we can go back to one of the premises and say, had it not happened, had he not been going to the target store, had trayvon martin not been in the neighborhood, had he not got out of his car, we have to deal with what did happen and try to explain that away properly and in a courtroom. >> want to bring in kejts kofi, former federal prosecutor for the state of florida. i'm getting word, and we want to continue with this, but facebook has made its debut on the nasdaq. so, we'll get the numbers on that in just a second and see exactly where it jumped in. you can see it going right now at $42.54, bouncing around there. we will go back to that. kejts, this is very important, though, about these documents that have been released in the trayvon martin/george zimmerman ordeal. zimmerman's attorney says that he's now received half of the evidence in the case against his client. there are several photos that are now being made public, showing injuries to zimmerman's nose and his head. also one witness account that claims martin was on top of zimmerman, quote, throwing punches, mma or mixed martial arts style. what do you think this makes for zimmerman's claim that he was in a fight for his life when he shot and killed trayvon martin? >> a lot of the evidence we're seeing is not going to make it any easier for the prosecution to overcome the claim of self-defense, especially it's becoming very clear that george zimmerman had some real injuries. on the other hand, there are so many things up in the air. some of the question marks, some of the contradictions can always help the defense, as we know the prosecution has to prove guilt beyond a reasonable doubt. here's what we haven't seen in any of these recent waves of evidence. the statements george zimmerman made himself to the police authorities. the apparently videotaped reenactment george zimmerman provided to police. because what i think you'll see at the end of the day is that is there are some serious questions that the police have about the accuracy and the truthfulness of what george zimmerman was saying. and that, in fact, george zimmerman, i think the prosecutors clearly believe, went after trayvon martin. and they think that when george zimmerman gets on the stand some day to give his self-defense testimony, that the prosecution's going to be able to prove that in critical respects, he was lying. and if somebody is a defendant and gets on the witness stand, sometimes it becomes a one-witness trial. nothing else matters. and if the jury doesn't believe george zimmerman, they might very well end up convicting him. >> kendall, the autopsy showing trayvon martin had traces of thc in his system. this is not a surprise because it has been reported he was suspended from school for having a baggy of marijuana residue. also thc can stay in your system for up to 90 days, i believe, so it doesn't mean he was on drugs that evening. how do you think this is going to impact the case against zimmerman? >> the traces are irrelevant. legally, there is nothing about whatever george zimmerman did or didn't do that was based upon his thinking that trayvon martin had been ingesting mayor wan that some previous time. i don't think it will be allowed to come before a jury. what's going to be critical is finding out who actually started the physical fight. it seems likely the jury will think zimmerman may have confronted martin first. the verbals aren't the key thing. it could be critically important to know who threw the first pinch. if somebody hits somebody else, that's a crime. if george zimmerman threw the first punch, he does not have a right, having committed a crime, to invoke the stand your ground law for purposes of self-defense. big issues, critical issues, and right now more question marks than answers. >> kendall coffey, former federal prosecutor for the state of florida. we appreciate it. >>> we to want go back now to breaking news, the developing story we're watching this morning about facebook finally showing up on the nasdaq. we want to go back to cnbc's jon fortt. break it down for us. where did it make its debut and how is it looking now? >> well, it was scheduled to open up at $38. it is above that. as we can see on the screen now, it's trading just above $40. that's a decent pop, just under 7%. we'll see where it goes from here. they finally managed to get the trading started after all that demand and they had trouble for more than 20 minutes actually getting the trading started. now it is started. now, hey, you know, buckle your seat belts. it's going to be a wild ride. not only are people who want in on this stock but hedge funds and all sorts of people who want to take advantage of the retail investors, mom and pop, everyday people who want in on this stock, who are going to try to bet against those folks. it will be quite a ride from here. >> wild indeed with a lot of people watching to see how it's going to go. we'll continue to follow that story. jon fortt, thanks so much. we'll tell you how things go with facebook throughout this hour and its trading now on nasdaq finally. plus, some senators are going after facebook's co-founder. we'll explain why. and then world leaders are going to started their huddle at camp david tonight to tackle the euro crisis that are threatening banks overseas. i'm going to talk to vice president biden's former economic ver jarod bernstein about their strategy to provide a worldwide domino effect. the wheat in every mini-wheat has gotta be just right. perfect golden color. rich in fiber. my dad taught me, and i taught my son out there. morning, pa. wait... who's driving the...? 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[ zapping ] [ clang ] this is the next level of performance. the next level of innovation. the next rx. the all-new f sport. this is the pursuit of perfection. >>> welcome back, everybody. we want to continue to update on you the breaking news we're following this morning. now welcoming facebook to the nasdaq and seeing that it's up by five right now after entering public trading around $38. you can see it there fluctuating right at $40. it's a big welcome to the public world of trading. it means big money for those at facebook and the social network's ipo has made the ceo mark zuckerberg a superly rich man. he's now worth $19 billion. that makes him richer than the founders of google, who took their company public a few years ago. the 28-year-old zuckerberg still has a long way to go before he gets as rich as bill gates or larry ellison of oracle. mark zuckerberg isn't the only person getting rich on the ipo. eduardo saverin congratulated zuckerberg for his steadfast resolution. he did that on facebook. his worth is $4 billion but the taxes on that fortune have saverin in hot water with two top congressman. one joins us now, bob casey, a democrat from pennsylvania. you and chuck schumer say when saverin renounced his american citizenship and then moved to singapore, he skipped out on millions of dollars in taxes. as we have this information from bloomberg, the analysis, they're estimating saverin saved about $67 million in capital gains taxes. what do you say went wrong here and how are you trying to look to make sure this doesn't happen again? >> well, what we're trying to do here is to say very plainly that if someone leaves the country, that's what the word expateriate means to avoid substantial taxes, that's a determination the irs will make, that we can impose a tax of 30%, a capital gains tax on future investment earnings. in the future they'll have to pay taxes, whether it's mr. saverin or anybody else, because they've had all the benefits of living in the united states and they've made a lot of money here. and if they give up their passport and leave the country, they should -- they should have to -- they should are to pay a tax. it's the right thing to do. and i would hope people who leave the country in that way and do it for tax purposes would understand why we're doing this. >> senator, how do you explain to people that would look at this and be like, wow, this is, you know, really against capitalism and the free market and this is sour grapes on the part of what's taking place on capitol hill when you see a success story like facebook and then an american citizen, free will, leaves the country, decides to move to singapore and renounce his american status? explain to people how this doesn't look like sour grapes. >> it's not at all. what's happening -- in this case mr. saverin decided to go to singapore and now he can have future gains and not -- and not pay any taxes under the current system. we need to hold him accountable for the decision he made to reject the united states and to have the benefit of that revenue. a lot of people out there are hurting right now. and a lot of priorities. we've got to make sure we invest in. we should not allow someone who made a decision to reject the united states and still want to -- want to get their gains tax free. a lot of people make money in this country. and they pay their taxes. very rich people have to pay a lot of taxes. mr. saverin should be governed by the same set of rules. not his own rules where he claimed in one story yesterday that he was a global citizen. he didn't even consider himself a citizen of the united states. i think we know he was a citizen. he's rejected that. and i think this tax is very fair. >> regardless, he'll be a very wealthy man either way you cut it. pennsylvania senator bob casey. thanks for your time this morning. >>> keeping an eye on the nasdaq after facebook launched there this morning, roughly about 20 minutes ago. you can see that it's up by five points right now, trading at over $40. it entered the marketplace at $38. >>> the other big story we're keeping an eye on this hour, developing news out of north carolina, the corruption trial of former presidential candidate john edwards. right now jury deliberations are under way. jurors are weighing nearly four weeks of testimony and the evidence to decide if edwards knowingly violated campaign finance laws by using more than $900,000 from wealthy donors to hide his pregnant mistress during his run for the white house in 2008. if convicted on all six counts, edwards faces a maximum sentence of 30 years in prison. nbc legal analyst joins me now from outside the courtroom. hampton, as we talk about the lawyers here for john edwards, they say his client's campaign was never required by the ftc to report the payments as that of campaign contributions. so, how daunting is that burden of proof in a case like this? >> reporter: oh, it's been the government's stiffest challenge throughout this trial to show not just a knowing violation by john edwards but willful violation. he had to know the law. he had to know it was violating it. it was the centerpiece of the defense's closing arguments, not only did john edwards think payments to a mistress could be a campaign contribution but his compliance person and former federal elections commission chairman never considered money for a mistress to be a campaign contribution. >> as we understand it, the jury is scheduled to meet until 5:00 tonight. the judge is going to be checking on them then to see if they're close. if they're close, they'll be given extended period of time to see if they can come to a conclusion today. from what you've seen in this courtroom and the way the prosecution laid out its case, the way the defense wrapped its case up in three days, do you expect a quick return from the jury? >> reporter: i think this jury having seen a packed courtroom, having seen all the national media attention, may be reluctant, particularly to reach a guilty verdict the same day they got the case. it may look like it might be, given the complexity of this case, a rush to judgment. i think a not guilty verdict, there's a possibility we could see it today. i think it's most likely we'll see a verdict after the weekend, monday or tuesday next week. there's never been a case like this. have you six counts, multiple questions under some of the counts. this is not an easy case to decide. >> again, it was not televised but yet we have all the details from inside the courtroom as if it were. hampton, great to see you this morning. thank you. we appreciate it. >>> unexpected bloc of voters is coming to president obama's defense for same-sex marriage. this one's for all us lawnsmiths. grass gurus. doers. here's to more saturdays in the sun, and budgets better spent. here's to turning rookies into experts, and shoppers into savers. here's to picking up. trading up. mixing it up. to well-earned muddy boots and a lot more - spring per dollar. more saving. more doing. that's the power of the home depot. this toro mower is just $334. right now, during toro days. 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[ female announcer ] glidden brilliance collection paint and primer in one. available only at walmart. got a day? get some color. ♪ glidden paint makes it easy to add color to your life. glidden gets you going. >>> all right. so facebook did it, it made tats highly anticipated debut this morning on the nasdaq. mark zuckerberg opening the nasdaq this morning around 9:30. the stogs o stock was expected to start trading publicly at 11:00 a.m., but there was a pushback for the trading volume. didn't get started till about 11:30. coming to the marketplace at $38. right now it's trading above that price. now it's to the public domain. that's going to wrap things up for me today. have a great weekend everybody. i'm going to see you back here on monday 11:00 a.m. eastern. we'll watch for that big ruling on the health care law from the supreme court and until then, follow me on. now with alex wagner coming up next and they're going to be talking about the wonder boy himself, mark zuckerberg. ♪ surf's up everybody get your boards and your wetsuits ♪ free-credit-score-dot-com's gonna direct you ♪ ♪ to check your credit score before it gets too late ♪ ♪ and you end up strapped for cash ♪ ♪ patching your board with duct tape ♪ ♪ so hit free-credit-score-dot-com ♪ ♪ find out what credit's about ♪ ♪ or else you could be headed for a credit wipeout ♪ offer applies with enrollment in freecreditscore.com™. do you really think brushing is enough to keep it clean? while brushing misses germs in 75% of your mouth, listerine cleans virtually your entire mouth. so take your oral health to a whole new level. listerine... power to your mouth. how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me. we built a guitar, we did things with electronics and mother boards. that's where the interest in engineering came from. so now, as an engineer, i have a career that speaks to that passion. thank you, mr. davies. ♪ power surge, let it blow your mind. 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largest public companies and mark zuckerberg will become one of the richest men in the world. >>> would you want to leave the results of an election up to a coin toss? doesn't sound like a viable option, does it? turns out it is. we'll take you down to texas. a flick of the wrist will decide an election there. >>> it may look like your grandfather's 1960s rocket but it ain't. an insider look at the next frontier at intergalactic travel. >>> are you ready to friend facebook? in the next hour investors will get their first chance to buy a piece of the social media empire. the most talked about initial public offering in years. alison kosik is at the nasdaq market site where the buzz is building. hi, alison. >> yes. consider this the super bowl of market events. facebook will open up its shares to the public for the public to buy today. in the next couple of hours. there's been a lot of hype with this. the question is will facebook live up to the hype? i'm going to talk about all of this in a bit with you. >> can't wait. thank you. we want to get right to this big break in mississippi. pol

first time. ceo mark zuckerberg rang nasdaq's opening bell from the headquarters in california as the stock goes public. we have facebook's ipo covered from coast-to-coast here in the u.s. we have ali velshi and dan si n simons is outside the headquarters outside menlo park. facebook's price will be showing at the bottom of your screen. let's begin with christine romans in new york. give us the starting price of "fb" the ticker name. this is the third largest public offering behind gm and visa, right? >> reporter: that is right. it could be the second largest by the time all of the trades are said and done. we are still waiting for the indications at nasdaq where it could be. it looks like it will be higher, obviously, no price there. we have not seen the trades cross yet. we are watching the matching buyers and sellers. we are trying to figure out what it will open at. there is a lot of hype about it. it can take a while to get the real sense of the price discovery of what it will look like. $38 clearly is what the current price on the board. that is what the ipo price is, fr is

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ended up nearly where it started, just 23 cents higher. still, no problem for mark zuckerberg, the founder and ceo of facebook, who became a multibillionaire today, just eight years after he created facebook in his college dorm. so, as the sun sets, what does this say, this big event about facebook and its future? and whether anything is going to change on your facebook page. abc's dan harris has been tracking it all day. >> mark, please come to the podium. >> reporter: there he was, in his signature hoodie. the geek-king of a generation. looking, as always, a little ill at ease. but also, definitely, pleased. >> i just want to say to all the people out there who use facebook and our products, thank you. >> reporter: it must have been a heady experience for this 28-year-old, the son of a dentist father and a psychologist mother. a child computer prodigy who went to harvard, where he started facebook in a dorm room in 2004, as dramatized in the movie "the social network." >> million dollars isn't cool. you know what's cool? >> you? >> a billion dollar evaluation. >> reporter: today,

you very much for weighing in. well, up next, mark zuckerberg loves his sweatshirts. he won't ditch his hood di. should he be suiting up? jane wells is set to tell us. >> and how the chaos at chesapeake energy could have a big impact on one of the hottest teams in basketball. that's right. the thunder and chesapeake energy, we'll tie those stories together coming up. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 the spx is on my radar. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus. tdd# 1-800-345-2550 i can custom build my own screens tdd# 1-800-345-2550 or use predefined ones to help me find tdd# 1-800-345-2550 possible trading opportunities quickly. tdd# 1-800-345-2550 i can also bounce my ideas off their trading specialists - tdd# 1-800-345-2550 on the phone or face-to-face. tdd# 1-800-345-2550 and i can trade wherever i want, whenever i want. tdd# 1-800-345-2550 tdd# 1-800-345-2550 the kicker? tdd# 1-800-345-2550 i pay $8.9

. >> let's talk about the man behind all of this, mark zuckerberg. he's the 29th richest person on the planet. if that wasn't enough, he controls more than half of the voting stock for facebook. so, in the expectation of the business, the cyber community, silicon valley, what do people expect from him in the few months ahead, the years then to come? >> well, i think people expect him to remain really focused on just building out the product. there's been interesting watching facebook, especially over the past few years. he's had this kind of battle in values between investors and his agenda for the company. other companies who wanted to acquire facebook and his agenda for the company and his real push has been, i want to maintain control, not so that i can be on the list of the richest people in the world, but so that i can be sure that this service and this company becomes what i want it to be. that's going to get that much tougher for him in just a few seconds when this stock starts trading because everybody's going to have a different measure to judge whether facebook is doing well