i m erin burnett. outfront tonight, dive bombing the carcass. it s just an image that makes me think of the field growing up, dead deer, entrails everywhere, buzzards coming in with their ugly little red bobbles. that s what it looks like for facebook. at least three lawsuits filed in connection to the facebook ipo. plus investigations by the securities and exchange commission and the massachusetts secretary of the commonwealth. of course, public embarrassment. headlines like these on the front pages. the best one today went to cnn money. bumpy start just got a little worse. inside facebook s fumble was from the wall street journal and the washington post called it a debacle. here s where the stock closed today, at $32 a share. down $10 from where it opened on ipo morning at $42. that means it s lost a quarter of its value since it opened. that is pretty stunning. and you say how? how could one of the most anticipated offerings in american history, and the biggest in te
i m erin burnett. outfront tonight, dive bombing the carcass. it s just an image that makes me think of the field growing up, dead deer, entrails everywhere, buzzards coming in with their ugly little red bobbles. that s what it looks like for facebook. at least three lawsuits filed in connection to the facebook ipo. plus investigations by the securities and exchange commission and the massachusetts secretary of the commonwealth. of course, public embarrassment. headlines like these on the front pages. the best one today went to cnn money. bumpy start just got a little worse. inside facebook s fumble was from the wall street journal and the washington post called it a debacle. here s where the stock closed today, at $32 a share. down $10 from where it opened on ipo morning at $42. that means it s lost a quarter of its value since it opened. that is pretty stunning. and you say how? how could one of the most anticipated offerings in american history, and the biggest in te
it s x factor this year because there s a game changer now in the santorum momentum that s happening reet now and cpac is a very dynamic place. if a person has a speech that takes over the place, it could change everything. i was at the straw poll, the florida straw poll about three months ago when herman cain won. and that surprised everybody. and that started his momentum going forward until the herman cain implosion occurred. and i think that right now rick santorum has a unique opportunity to gain unprecedented momentum because mitt romney has chosen not to connect with the conservative grass roots. the tea party right, so mitt romney is going to give a speech but he s also met with conservatives because of all those things that you say. he s kind of getting in to get a one-on-one message here sort of private meetings. and then, number two, rick soon santorum has to deliver a message that leverages off the momentum. how does he do that? well, this crowd yesterday wh
breaking news from washington. the white house deciding not to send congress all the internal documents related to the solyndra loan. jessica yellin is live. that means members of congress are not going to get a glimpse of what is on the president s blackberry or any more internal documents from the white house itself related to the solyndra loan. let s back up and do the big picture. two of the republicans investigating the solyndra case asked for anything that mentioned the solyndra loan whatsoever and send them up to capitol hill. what has happened now is that the white house capital has sent a letter to them this afternoon and it says, we re not going to do this. we re not going to send you all of these documents because you ve gotten 70,000 pages of documents from agencies, another 900 pages from inside the white house, and to be just bottom line it for you, erin, this is consistent with other administrations. we ve always heard about executive privilege. the president
tornadoes, high winds and heavy rain swept in from texas to florida and also the ohio valley and tens of thousands of people were left without power. here s how your wednesday weather is shaping up. much of the east coast will be dry at least. showers around chicago, detroit, cleveland and pittsburgh. more downpours from seattle to portland and up to 2 feet of snow in the cascades. 6 to 12 inches in the central and northern rockies. and we re looking at 54 in boise. 77 in albuquerque and near 90 degrees in phoenix. mostly 50s from fargo to detroit. 70 in kansas city. 81 in dallas. 74 degrees in new orleans. 68 in atlanta and 57 degrees here in new york. there s an encouraging development in the japan nuclear crisis. workers have finally been able to stop a tide of radiation that was pouring into the pacific by the ton. now officials are still insisting there s been no damage to seafood in the area, but others aren t so sure. neal karlinsky has the latest from kashima.