choose cure ates your buyer journey through life. is this the most important tool in the world or has it peaked. can facebook live up to the hype. if it really is a paradigm shift, can facebook dominate it. we brought together cnn s best time, dan simon in menlo park, california, 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 imagi
investors have just begun. welcome to your $$$$$. i m ali velshi, christine romans with me. we ve been following this company with one thing in mind, after a troubling day for stock, can facebook live up to the hype? facebook, the most anticipated tech talk in history. from a startup in a dorm room to a global community approaching a billion people. facebook is the next paradigm shift on the web. first, the internet was defined by the portal, a one-stop shop for everything you needed. then came search, a single place to answer any question you could possibly ask. but facebook represents something different, the idea that the internet and technology can bring people together, and together the community you choose cure ates your buyer journey through life. is this the most important tool in the world or has it peaked. can facebook live up to the hype. if it really is a paradigm shift, can facebook dominate it. we brought together cnn s best time, dan simon in menlo park, ca
the countdown is on to the closing of the bell and closing of facebook. we are awaiting to find out where that will end up. president obama and world leaders are meeting at camp david. one of america s cities is bracing for big-time trouble. it is time to play reporter rule yet. let s begin with this. ali velshi is in new york on the first day of facebook s big trading. it seems like it started with a whimper. will it end with a whimper? looks like it. stock trading $39. first trade was $42.05. people thought that wasn t as big as expected. it went down from there and hit the price almost that it opened at. i suspect the underwriters morgan stanley, they and others got involved in buying. $39.02. barely a cent higher than where it opened up. a couple of problems here. one is what s the problem, why aren t more people buying facebook? what s the concern? the second is there seems to be trading problems across the board at the nasdaq. volume of shares traded on this stock is
the most solid, real estate. is where the best place to put your money where you don t have to worry about ups and downs of the stock market? real estate. where do you not have to worry about europe and european woes? american real estate. what is the number one city? new york. new york is the highest, best place to buy real estate. $90 million is not shocking. you re amazing. you should work for the new york state real estate bureau. $90 million. i would be hard pressed to find out if they get all that money out of it. adam, great to see you. thank you for having me. it is the top of the hour. i m ashleigh banfield. the countdown is on to the closing of the bell and closing of facebook. we are awaiting to find out where that will end up. president obama and world leaders are meeting at camp david. one of america s cities is bracing for big-time trouble. it is time to play reporter rule yet. let s begin with this. ali velshi is in new york on the first day of facebook s
election, with cuts and spending caps also on the table, house speaker john boehner wants all house members to weigh in. so he plans to hold a conference call with many of them sometime today. so we ve got up to the minute coverage of what s happening in washington. cnn s kate bolduan is on capitol hill. dan lothian is at the white house. first to you, kate, senate leaders in both parties keep saying that they are, quote, very close to a deal. what more do we know? reporter: we don t have specifics of a final deal quite yet because as far as we know, the final deal has not yet been struck. but we are getting some details are emerging of the tentative framework of really where the conversation is focusing at this point. and noteworthy is the is the change in tone and the change of mood up here from yesterday. many people many senators that we re talking to now saying that they re very close to a deal, getting very close to a deal, even if they re saying they re not the