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FBN’s Ashley Webster on the IPO of Facebook, J.P. Morgan’s trading mishap and whether Greece should leave the EU.
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Jindal now I had dams from our program.
Are actually -- from the Fox Business Network sheriff went to apologize.
Personal -- adjusting.
All -- -- -- about -- so I do.
That's -- that bought it may be truth on a war that we couldn't get anybody else while.
It was kind of infertile earlier when you sit while trying to make some finale of that and we ask everybody -- -- -- mineral.
Hours just yet aren't barrel as -- as saying parent I'm very good thank you -- all excited about soccer mass Saturday -- Yeah I was just talking to Connelly champions league final between -- Munich and Chelsea and Chelsea were the clear on the dogs and they managed to win in a penalty shoot out of the very end it was very exciting.
Other also saw the world soccer.
Now this is a champions league itself all the European.
Football teams play in this ornaments -- -- teams from each country throughout Europe to compete make it -- to the fund doesn't colored done.
-- -- James from Brazil pointed out you know does not so it's not really a -- ornament now also is just a European thing.
Also.
Don't fabric and they don't it is because I think the European Lisa considered probably of the best in the world or Karen so.
Coach -- also -- same by and Munich.
Could they be changed from like Brazil or Colombia may be -- teams from Brazil but when you start talking about countries playing each other's equities south American teams like the Brazilians in the Argentinean that is just terrific -- the most of those players play in the European leagues Colorado yes or cash.
So does your follow affairs court thing our order I did I did I I so Friday was the to the huge build up to this events and became stumbling out of the gate with the problems at NASDAQ which was I don't think anyone could -- see that.
I'm we knew the demand was going to be huge and and close the price doesn't go through the roof and -- eventually just manages to hang on to a slight gain and today -- -- trade -- slipping below the offer price Orrin number of people including.
-- and Andrews -- and other financial advisors.
Or thought there was going to be up.
On somewhat significant one -- -- -- issued a cent so.
Yeah I -- that's what you why does not wide enough that he does not happen.
You know I think there was an -- Concern.
Out there about where -- FaceBook gonna get its growth from.
I think there -- people who say -- the institutional.
That the big time investors will get it at a certain price for individual investors.
We gonna get screwed because they gonna jump in -- Pei -- over the premium through this thing so.
He didn't have those people jumping in so eventually what happened those that did have.
The underwriters had to jump in and pumping like a billion dollars just to maintain that 38 dollar price sold 400 million people on -- book out.
I think there's more than -- -- 909 hunt Ireland -- about how money album more dire for.
I don't think I'd I'd I'd doubt -- no one I would imagine I I don't know I don't want.
I don't think anyone I know is actually clicked on -- -- FaceBook I certainly haven't.
I'm I don't know relative to your computer Caribbean -- has thought you could but I mean.
I can see people -- laments the Google you know you look for a florist and then suddenly.
And -- pops up short -- -- FaceBook.
My -- social networking thing -- thing ads get in the way.
How many -- pay for the service assortment all I I don't know depends on how much they charge -- five dollars a month maybe.
Maybe I think -- lose some 'cause there's always going to be free service is out there another service will pop up that will be -- very.
1000009 -- -- enough not even close room and saw how far -- so -- -- -- And others know how far down as a -- going to -- -- it's a good question I.
Who knows I mean could half again get a -- and a 1718.
I don't know I mean certainly want talks about the potential FaceBook but that doesn't pay the bills.
That they can find a way.
I was reading -- a dead trying a trial in New Zealand right now only in New Zealand to where people can pay extra to have their posts highlighted in given more.
Prominence.
So that's one way of looking at -- but nothing is gonna be enough to actually bring in the kind of monies that I think FaceBook thinks -- tandem will.
-- coalesce around to have some of -- -- Saw a lot of JPMorgan.
To assault on launch on yet and I'm Jamie Dimon there was then -- -- Less embarrassing for him no doubts -- -- continue to read more more about what happened on the inside or crook.
I don't think he's a crook I think he's a very smog -- who.
Is now got egg on his face and he's trying to explain to people how they could lose was up to three billion dollars now.
Shinseki was the chief investment officers -- you know this this section of their bank that.
This essentially running out of control someone should -- -- control I know -- the the woman in charge of that office for for quite some time use a great article in the times as we can talking about how she was.
Off -- for awhile and in this office really kind of ran wild when she wasn't there.
And these huge debts were made and no one said wait a minute while native and unfortunately -- -- happened.
Jerry about Saudi eroticism whatever it claims that you can't.
Like -- a -- suggest.
A more prominent member of this -- -- commodities.
Yeah I mean you know ultimately it's his becomes active stance doesn't mean he could -- -- I can't go over the day to day stuff when -- looking at the size of these debts surely he should know.
I'm Greece enough of them aren't.
I'm certain that I really am and you know let them just drop out M and and be dumb with -- America's you never gonna get your money back you can throw as much money as you want the facts are and it's no -- -- they shouldn't have been invite you should never gotten into the -- in the first place they fudge the books.
They managed to get -- were turned down the first time they apply that came in the applied again by hiding debt in different places got into the Euro zone and this is what you get.
Us economy no matter -- Getting -- of a very very slowly.
It's almost like headline driven every time we think we're gaining traction something horrible happens around the world where there's a JPMorgan screw up and we'll stop to get a little jittery again I think.
The economic data here is so much better than elsewhere.
By comparison but -- still got a long way to go.
On -- provincial rude but.
This alone nor is Minnesota is toast I actually Ahmedabad apple Dell know and -- -- I don't.
President.
As there -- -- -- go to financial bush has little risky.
The boxes are -- my daughter has -- and it minute -- -- and is not a boy now.
