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May 21, 2011
President of penn financial group and the author of "the next great bull market." lets start by talking about the ipos. the linkedin. these tech ipos that drive the market. >> i got scared watching the market because i was getting these flashbacks of 1998 and 99 before the bubble burst. linkedin is first in the market. next it will be groupon, facebook, twitter. all going public at evaluations that are enormous. ratios of 600. >> should you invest in the media sector in general? we talk about ne...
May 21, 2011
Spending limit this past week. $14.3 trillion. treasury secretary tim geithner is buying lawmakers time by cutting back investments in federal retirement funds. that gives congress until august 2nd to decide whether or not to raise the debt ceiling. if they fail to do so, the government will default on its debt payments. linked ins public debut made a big splash with one of the biggest tech ipos since google. shares of the social networking company were initially priced at $45 a share and double...
May 21, 2011
some serious concessions from democrats. >> we have over $50 trillion in unfunded liabilities. all of them are unsustainable. we need to raise the debt ceiling -- both short term, medium term and long term. thats what it would take to get my vote. >> will cain is a cnn contributor. secretary geithner said not raising the debt ceiling would be catastrophic for the economy. he concedes no one knows for certain in the event that its not raised. are republicans willing to risk sending this...
May 21, 2011
the imf? today is it, folks. doomsday. the start of the apocalypse right now according to the family radio network which has spent millions of dollars to warn you that the end is here and it is today. hello from the cnn center. this is my final "cnn saturday morning" on this doomsday, saturday, may 21st. im t.j. holmes. well get back to doomsday happenings throughout the morning. let me tell you about dominique strauss-kahn. out of jail now staying at a luxury manhattan apartment for...
May 20, 2011
. some recent tech ipos fizzled out quite a bit. so far today, looks like the enthusiasm is still here. shares are up more than 7%. carol? >> it starts to make you wonder. we all wonder about the value of facebook and if it is really that valuable. could this be the start of a new tech bubble? >> you know what? you make a good point. this could open a door for facebook, twitter, groupon, to go public. facebook is set to be next on deck. there is some concern that the tech market may be bubbling ...
May 20, 2011
[ male announcer ] get up to $6 in savings on zyrtecยฎ products at zyrtectv.com. welcome back. lets take a look at whats trending on social media. right now at number three, one of the top trends on twitter is an ipo, and thats because social media site for businesses and job seekers linkedin more than doubled its stock market price on thursday. the stock was priced at $45 a shafrmt it opened at $83, quickly rising above $95. hit a height. the company raised more than $350 million in its stock...
May 20, 2011
netanyahu. the two world leaders very much at odds over the future borders of israel. the aftershock of arnold schwarzeneggers bombshell is now affecting his movie comeback. his acting career now on hold while he deals with his personal mess. speaking of bomb shells, a former teammate told cbs that lance armstrong took performance enhancing drugs. he says he has taken hundreds of drug tests and did not fail a single one. the former head of the international monetary fund can leav...
May 20, 2011
from being free. deadly attack in pakistan, the americans are in the firing ryan less than a month after their forces killed osama bin laden. and leave new friends behind. the queens historic visit to ireland is almost over. we begin this hour in washington where israels prime minister will meet the u.s. president today for whats expected to be a tense round of talks. benjamin netanyahu arrives less than 24 hours after barack obama deliver add big speech on relations in the middl...