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Detailed text transcripts for TV channel - MSNBC - 20120518:19:47:00

vermont, thank you for joining us on this sunny friday afternoon. thank you. next the president meets with world leaders amid a very shaky backdrop but first jackie deangelis has a wrap up of the day s market. not what mark zuckerberg was look for. hovering around 38%, where the ipo pressed last night. we saw it open on the nasdaq today at $42.05. it is our understanding that as it came down and hit around that $38 mark, it is the underwriters right now that are keeping it above that mark because it s really important for the stock sentiment that it doesn t close lower today. that s why we re hovering there at that point. martin, we re looking at the nasdaq down at 1.3% to 2777. obviously a huge day for facebook and the offering.

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