Midday Market Report: 1/30

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-- nine people on the planet use FaceBook and now the social networking giant is very close to becoming a public.

Wall Street Journal reports that the company might file regulatory people at this week which means a formal IPO three to -- months from now.

FaceBook is looking to raise ten billion dollars and how to market valuation of up to 100 billion dollars.

That puts it on par with companies the size of mcdonalds Bank of America and Amazon.com.

It was a golden Chinese New Year Asian investors are back to work after last week's holiday.

China news reports say demand for precious metals and gold surged by 50%.

In the year of the dragon.

Gold prices were up 4% last week same for copper silver rose a half years six and a half percent.

Plus -- part retailers pet boys has agreed to be taken private by gores group for about 800 million dollars.

Pep Boys shares are surging on the news some of its larger competitors like AutoZone has hit all time highs recently.

That's because Americans are holding on to their cars longer and longer need to fix the month -- set -- by new ones.

-- and in comes rose half a percent in December the biggest rise in nine months but consumer spending was flat.

This has Vermont Facebook's coming blustery debut a lot not -- foxbusiness.com.

In New York -- --

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