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Markets Gearing Up for Facebook IPO

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    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  • Duration 4:58
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This transcript is automatically generated

This is the -- sort of more important.

Program on the Fox Business.

Good morning everyone let's take a look at how markets are shaping up the excitement over FaceBook stock market debut seems to be contagious.

Here in the US at least futures are up across the board Dow futures are up by 42 the S&P is up by about six.

And the NASDAQ set by ten but all eyes will be on -- NASDAQ at 11 o'clock eastern time as FaceBook shares trade for the first time.

Late yesterday the social networking site priced its shares at 38 dollars a -- That was of the high end of its price range which had been bumped up earlier in the week more than 421.

Million shares were sold raising at least sixteen billion dollars.

But that number could still rise to more than eighteen billion thanks extra shares set aside.

That makes it the biggest tech IPO in US history and the second largest IPO ever.

Right behind Visa in total FaceBook is now valued at 104 billion dollars shares will trade under the ticker symbol -- For more on Facebook's stock market debut let's head over to the NASDAQ where Fox Business is Lawrence in an -- is standing by Lauren what's the mood like.

Down there it was hard to get in -- -- a lot of people here in a lot of excitement we see all -- the male journalists buying their equities and support.

I guess of this major tech debut.

And Mark Zuckerberg now twenty billion dollars net -- for every two dollars that FaceBook shares rise today Diane he gets a billion dollar increase to his network it's it's really unbelievable anything about it.

Let's look full screen showing you the market value -- -- look at a 104 billion dollars with that 38 pricing last night.

It's bigger than Amazon and Cisco.

And Disney so it is huge company and one of the reasons that FaceBook decide to start trading here at the NASDAQ.

As a close -- stock exchanges has now it's in good company -- apple and Google.

And you know as far as global as concerns this IPO so surpasses that IPO eight years ago.

Which is interesting because that's the same year 2000 way to Mark Zuckerberg founded this company.

Can't we can expect to see a big pop today in FaceBook shares that's the relief for the market right now at least in terms of the futures market.

But if you look back over some social and tech and media -- that we've seen over the past year.

They all huge pops on the Thursday.

The question is a couple months later what happens in the stock and in most cases they're down if you look at Groupon -- media -- pandora.

Weighed down and then a little tidbit before I send it back to you is that if you decide to buy FaceBook shares today.

OK that's your decision but you might know -- -- you might own them a couple of months from now an uneven now because that's an S&P 500 the NASDAQ-100.

And other indices kind you know realize there assignments and decide that they too would include FaceBook and their holdings back -- -- All right very interesting -- are in Cincinnati live from the NASDAQ and -- keep checking in with you throughout the morning.

Over in Europe Moody's downgraded sixteen Spanish banks along with the UK's -- city area of bongos -- -- and there.

We also had Fitch cut its ratings on Greece and stocks there are now makes.

London still down by about forty points the Paris -- in the green up by just about a point.

Frankfurt's not sure what it wants to do we sat in the -- just a little while ago now it's back in the red by less than a point but -- -- already on Randolph director of sovereign risk and I just global insight.

Who can make much better sense of what's going on these markets -- -- Kenya on.

Given these bank downgrades in Spain and the reported run on -- -- there what can the country do to boost confidence in both the banking industry and in the economy as a whole.

Well basically the government needs to bite the bullet on the write downs involving the property losses.

Off the -- It's passed the pin down these losses.

-- independent advisors now punk -- And others to make by independent valuation -- hasn't happened now.

That is -- all the process.

Great it's farther behind in that sense compared to the US.

But it needs ratings writedowns and if necessary banks need the support from the state state bonds -- And I don't -- more positive note -- we got some pretty good April PPI numbers from Germany -- make of that report.

Well yes I mean -- attorney has surprised everyone it's kept the year isn't just about a flight.

Even though these some -- is -- into deeper recession.

German.

Export engine room called red dot and spending.

-- what's going to present a good as well served on women can throw -- -- -- -- -- a good job and recovery this yet often the dip.

And it was only -- -- in the last quarter of Austria and not you very helpful for the other countries doing excellent health and.

I down ran up from London thanks John.

Let's head back head back over to the -- and then we'll be talking to Kinky Friedman this hour Imus in the morning continues right now.

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