the last time we ll see this happen in all of our lifetimes. wow. that is something to behold. good morn wk everyone. good to have you with us. welcome to early start. i m ashleigh banfield. i m zoraida sambolin. first, it is a failed recall. delivering a wake-up call to the white house this morn ing. wisconsin governor scott walker keeps his job, becoming the first governor in u.s. history to survive a recall election. a real slap in the face for democrats. literally. take a look at a female supporter slapping runner-up tom barrett. milwaukee s democratic mayor, for conceding the race too soon last night. she didn t have to, you know. walker, the tea party backed republican who broke his state s public unions register add comfortable seven-point victory over barrett. he was quick to put a national spin on his big, local win. tonight, tonight we tell wisconsin, we tell our country, and we tell people all across the globe that voters really do want leaders to stand up
zuckerberg. here with insight is dan acerman. this was highly touted, this coming out party for the social networking juggernaut that is facebook. people think maybe they priced the stock too high initially. you never want the big pop. if your stock goes up too much that means you under priced it. the big story mark zuckerberg off the top 40 list. he is not hurting. he made his money. facebook sold their stock at 38. if he holds on to what he has left if it comes back he is fine again. how do analysts look at this? i m sure people were thinking this was the greatest thing since sliced bread wants people to turn around and let it level out. you have to take a long-term
have a market for the house has a clahance to look at it, they t all the bids on it and they price it at the top, and where does it go from there? so it s nice for the owners. it s good for facebook, they got full price for the client and they met the market on that day. unfortunately, i think a lot of people played it for a big pop. as soon as they found they weren t going to get one, they said, okay, i m out of here. i m not a long-time investor. back to apple. for a change people were paying attention to stocks. it was on one of those web sites, tmz, so people who don t pay attention to stocks are paying attention to it and looking at it and thinking, huh. this is kind of difficult. you don t know what s going to go up or down. i think one of the big problems in people putting money in mutual funds, putting money in their ira, they have this idea that wall street goes up and up and up.
range so you did not get a pop but you got a whole new crop of millionaires and billionaires. back to you. neil: you are right, 1,000 of them. imagine that. great job, dagen. no big pop for facebook but remember, this kept getting ratcheted up ahead of the offering. first they talked about it being offered in the 20 s, and then 30 s and 34 and then up to $38 a share. so while investor could be disappointed, market watcher says all of this is actually a good thing. explain, ed. reporter: well, what we don t want is we want markets to be realistic. and, what we did not want, is for something to be a bubble. if this stock went much higher than where it opened and i think it will go a lot lower from here in the short run, there has been some support, we do not want to see unrealistic prices, we want to see prices that are realistic
the reason, in part, a continuing fear about greece. so tonight the big question is will the late-breaking news from facebook be enough to turn the mood of america? facebook will begin trading for the first time ever tomorrow morning. so it priced tonight at $38 for a single share. when you add it altogether, it is the biggest ipo in american history. the facebook obsession in this country reminding us of the 1983 classic movie trading places. i remember ipos like that. all right. there are a few trading floors left. computers have replaced the conventional pit mostly, but when trading begins tomorrow at 11:00 a.m. for facebook, and it s going to happen at 11:00, about an hour and a half after the market opens, because computers aren t like people. it s going to take them longer to figure out the right price. there will be a frenzy of trading going on. the stock, $38 for a single share. it is the biggest ipo in this country s history. twice in size of the second biggest o