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How Low Will Facebook Shares Go?

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  • Description

    FBN’s Nicole Petallides on the decline in Facebook for the week.

  • Duration 2:07
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We thought we worked well let's get right to the -- -- -- down on the floor of the New York Stock Exchange yes we have bad news about Europe Spanish banks.

At least one troubled lender getting a 24 billion dollar -- That of course weighing on the US markets but what the US financials.

-- take a look at we -- JPMorgan earlier it got down -- it's actually the worst of former on the out for the month of -- but it's true the dollar continues higher.

Throughout the month.

State police you you're as a big problem and -- brush.

-- call let's get back to Facebook.

Market watch at this glaring headline.

FaceBook at thirteen dollars and eighty cents a share somebody did the numbers and came up -- that figure.

It didn't go down significantly was I was off about 5% but.

Not that much is eyes is a concern going -- -- -- long weekend.

You know probably tell -- that just that regular.

Libby got and FaceBook it's already down 17%.

This week who actually goes out the RT I doubt be terrible know what would that competent -- And Wall Street that -- -- there was a little bit of confidence that when it comes to the consumer consumer sentiment the University of Michigan puts -- that.

Report went to its highest level since 2007.

How or some of the retailers performing.

-- that was -- good news right like to see -- you know little confident that retailers.

Actually get some nice up arrows here today to fix the spirit exit that entirely that very light behind -- here.

And big keeping in the good news tone fermented and now we have cheaper gas price oil -- been down all week ticked up a tiny bit today.

But all of those industries that depend on gas must be doing pretty well particularly airlines -- yeah.

That's right the transportation.

At the index and those names -- airlines do really well for the folks -- are driving right.

You get better rates -- gasoline per gallon this weekend that you would have some time ago so that ultimately bodes well.

By the way FedEx also one of those companies FedEx and UPS get a little bit above although I think at the end of the day they were down I'd stick.

But once again they were they got a little bump for the past couple of days again they rely heavily on gas prices well as the.

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