Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Facebook’s Volatile Trading Calms

Details

  • Description

    FBN’s Nicole Petallides with the stocks moving the markets early.

  • Duration 2:23
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

All right we're constantly updating FaceBook it's been down down down all of this morning.

Schatz hitting a low of 33 dollars and believe the study three even that was earlier today -- a little bit above that now but not that much.

Let's bring in -- call.

But earlier today UN you introduce.

Trade -- and he says it was -- -- fiasco.

Now it was a strong word indeed go.

It was about gas go -- when you talk about the fact that New York Stock Exchange.

Easily handled IPOs for both Visa and General Motors how about the re weighting of -- -- group.

Did that call and have obviously there were problems with commuters they have the back up.

All the real -- -- the designated market maker to make it into the tying it all out.

This on Wall Street is the talk of Wall Street how mishandled this IPO really -- I want to move on to JPMorgan -- JPMorgan.

They've said that they gonna -- that stock buyback program and that thing is down this morning I think is around 33 dollars and shaft he got a Norma place.

What's missing again earlier we had Citi talking positively but we can see now it's down about half a percent right now we're just sit down to the banking indexation -- -- higher so this may be one of the ones that lower and you see that JPMorgan Jamie Dimon is coming out talking about.

The fact that there -- doing just that.

Okay thanks Nicole hold on a second -- you said it wanted to do in this -- I I don't I'm infuriated they can't do this buyback because they have their shareholders to accounting now this is a problem this is where politics come in.

And -- the strategy also this pressure on JPMorgan because of the great big loss so they can't buy back the stock to get the stock all of because they're gonna use that money for somebody else purchase JPMorgan willing to take on this rest they had this Los yes it was -- -- against the backdrop of the bounty JPMorgan.

It's not gonna sink them by any means it's really miniscule some might argue.

-- due to share buyback -- he's a shareholder say paper so are we took this risk it didn't work out in our favor.

But we're gonna make it up to you by doing share buyback -- -- instituting a higher dividend I don't know but now they can't because of the government political pressure.

Lest you think that we're all over FaceBook and nothing but FaceBook let me show you the big board because we have a modest rally.

The FaceBook -- is one side of the issue the modest rally is another we're up 77 points though major reason for this advance -- -- it was a lousy week last week may be would bouncing event but 1204.

Is where we are on the Dow right now.

Load More