the reason, in part, a continuing fear about greece. so tonight the big question is will the late-breaking news from facebook be enough to turn the mood of america? facebook will begin trading for the first time ever tomorrow morning. so it priced tonight at $38 for a single share. when you add it altogether, it is the biggest ipo in american history. the facebook obsession in this country reminding us of the 1983 classic movie "trading places." >> i remember ipos like that. all right. there are a few trading floors left. computers have replaced the conventional pit mostly, but when trading begins tomorrow at 11:00 a.m. for facebook, and it's going to happen at 11:00, about an hour and a half after the market opens, because computers aren't like people. it's going to take them longer to figure out the right price. there will be a frenzy of trading going on. the stock, $38 for a single share. it is the biggest ipo in this country's history. twice in size of the second biggest of the it will open with a value of $104 billion. facebook founder mark zuckerberg is sort of the justin bieber of the internet. this is for a tech guy doing an ipo. see why we think justin bieber. a few weeks ago he was mobbed in his hoodie as he arrived at an event in new york city. look at this. this is like paparazzi for angelina jolie. the 28-year-old harvard dropout is one of the richest in this country. tonight worth $19.1 billion according to bloomberg and that doesn't include a few billion in facebook options. you say my god, that's a lot of money. sure, but only good enough to be the 30th richest person in the world. it's pocket change compared to bill gates. he's worth $60.4 billion. okay, but what does this mean to you or me or the 900 million people who have facebook accounts? i'll have more on that crucial number in a moment. most of us couldn't get shares even if you try. about 85% of them went to big institutional investors, fidelity, van guard type of companies. i called some brokers today who had facebook shares to allocate to their clients and one said demand was overwhelming, huge. it was huge. people were putting in orders until the last second. he said no one actually got as many shares as they really wanted. they had to effectively ration them. but should you buy tomorrow? so here's how day one could go. this is the day when regular people can start buying. once it starts trading, you can theoretically buy. so you should expect, i'm not sure this will happen, but likely you could get a big pop. last year look at internet ipos, they jumped 34% on average on their first day of trading. they price it low because it gets that pop to get more people excited to come in and buy. that number is skewed because some jump a heck of a lot more than that. groupon opened at $20 a share. it's now trading at just over $12. that could be facebook. but so could google be facebook. it debuted at $85 a share and it's now at $623 a share. pretty amazing. peter kenny and peter costa join me now, two traders who have seen this in and out, spent a lot of time on the new york stock exchange floor. so, hype, what do you think, peter? >> i absolutely think it's overhyped. you know, if you look at it, the company has 900 million subscribers or users on a monthly basis. how much more can they grow? they can grow overseas, but as far as reaching saturation point, i think they have reached saturation point in this country. i think there's some room overseas but then you have companies like ren-ren which is a huge player in china and that would be their biggest market if they were to get involved in another market. >> and that 900 million number, the number of accounts they have, i think i have a few facebook accounts that people have set up over the years. i don't remember the names on them and know that i don't use them and i know they count in the 900. a lot of these numbers are -- they are bigger than they really are. >> well, they really are bigger. the question is how large are they and how effective are they in terms of being able to monetize the numbers. this is really a story about earnings at the end of the day. >> people on their page seeing your ad. >> clicking on it. how effective is the targeted advertising and how much monization can take place as a result of that click. 900 million monthly users worldwide, to peter's point, china has effectively blocked facebook from what i understand. >> right. >> so there is growth opportunity in the emerging world. >> so, peter, what do you think will -- what will happen tomorrow? >> all right. >> hypothetically. >> hypothetically, i think the opening will be -- i would say -- this is a guess, but i would say 40% over the offering price. so you've got to figure around $52 to $55. this is just a guess. and then i think that it could go -- after that with electronic trading, this could go as high as 70, it could go back down to 38. i don't think it will break through 38 if there's an overwhelming supply of shares coming onto the market. but i do think that this stock is going to trade above 38 most of the day. >> do you think that's right, it could open as high as 52, 55? >> it's a guess. >> at 9:30 in the morning when the market opens, facebook will not. they'll be trying to find out what the right opening price is. that's what peter is saying. when you see the first price on the board, it could be as high as $55 on the board. >> that's what peter's position is. i don't have a position in terms of price. it's clearly been well bid. they're going to put more shares on the market. i know that knight will probably be the number one trader of the shares. >> that's your company. >> knight trader will be. we couldn't be more operationally ready for this day. >> what time are you coming in? >> let's just say we're ready to go. >> this is all hands on deck? >> absolutely. we are 100% ready to go. >> so then what happens after day one? we were talking about this. on day one -- by the way, half of the ipos last year fell on their first day. i think it's safe to say everybody would be shocked if it's going to happen. but then what about day two. say you do go to 55 at the open and then 70. you buy the next day and catch it coming down? >> there will be people trying to catch any kind of dip in the stock, and there will be dips. >> yes. >> there will be opportunities. for traders, this is an opportunity to trade. as far as an investor, you know what, i'm not going to go into long-term investing on something like this, but i think as far as the short term trading over a period of a couple of days, what's going to end up happening, though, as many happy people that you're going to say made a ton of money on the facebook deal, there's going to be as many or more people that are upset about losing money. >> smaller people. >> and that's generally the case on these kind of stocks. >> thanks to both of you, we appreciate it. this is going to be an exciting thing to watch, so tweet, let us know. let's have a little competition. who's going to get the opening price right. okay, a republican plan leaked detailing how to attack president obama an his ties to a controversial pastor. sorry i'm reaching, but here it is. the defeat of barack hussein obama. you get the sense of the tone of this. plus jamie dimon will have to go to congress to explain the billions of dollars in losses which are rising every day, but will he actually show up? 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[ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? here's your invoice. a story caught my attention today about asteroids. nasa has given an update on what they call phas, potentially hazardous asteroids. talk about an acronym when you don't need one, okay. in order for an asteroid to be deemed a pha, though, it has to come within five million miles of earth and have a diameter of 100 meters. you say whatever, five million miles, what are you even talking about this for. here's why. if earth were struck by an asteroid 40 meters across, it would be similar to the impact of a three mega ton nuclear bomb. that's much bigger than anything a lot of people are worried about causing a problem in certain regions right now. so how many potentially hazardous asteroids are there? that's our number. 4,700 phas. nasa says this number is plus or minus 1500. i'm sorry. okay, but still, i mean even if it's minus, it's still more than i am comfortable with, okay. 3200. but they have only found 20 to 30% of them so it could be way, way higher. anyway, the dinosaurs, i know that's controversial, but you know what i'm talking about. are we living in an unprecedented time period of peace and prosperity? all right, our second story outfront, a $10 million ad blitz linking president obama to his former pastor, jeremiah wright, is being planned by a republican super pac or at least it was until today. according to "the new york times" it was called "the defeat of barack hussein obama." i have a copy of it here. it's a lovely 54 pages long and ends with a page with a chick n on it and it was commissioned by billionaire joe rickettes. remember reverend wright caused problems back in 2008 when a clip emerged when he says gd, america. john avlon is with us. we could get hit by an asteroid and all this would look in perspective. >> ben affleck would ride to the rescue. >> you can't just depend on ben affleck. >> talk about a pha, potentially hazardous advertisement. >> that would put things in perspective. this is -- in our current, you know, political reality, this is an unbelievable document. i mean it is -- this really pulls back the curtain on the sleaziness of the super pac economy. for folks at home who hear metrosexual black abe lincoln. there's a lot of absurd tee which makes you think it's done by a total fringe festival, somebody who has no standing in the republican party. the guy who put this together is fred davis, who's the nephew of senator james enhoff, a very successful, very prominent republican ad man. so this is not just some fly-by-night. this is a 54-page detailed proposal. the more you read it, the more you should be offended if you're paying attention. >> it is a pretty amazing document just to take a look at it. you mentioned metro sexual black abe lincoln. let me give you a quote so you can get a feeling about what's in here. the metro sexual black abe lincoln has emerged as a hyperpartisan, hyperliberal elitist politician with more than a bit of the trimner him. i don't know what a trimmer is but i know that that sentence is offensive. >> yes, absolutely it is. and i think some people were responding today about the cubs, whether or not they want to turn back in their cubs season tickets because of this. cancelling their accounts. i mean this has the kind of thing that really has the potential to blow over into a much bigger scandal both for joe rick etts and a pha, potentially hazardous advertisement, for mitt romney. mitt romney does not want this exploding. he does not want to take the cork out of the bottle dealing with religion or people's past because it's going to get dangerous for everybody. >> go ahead, ryan. >> one thing that's important to keep in mind is they repudiated this strategy. the other thing to keep in mind, the super pacs are free lancers. despite the fact that, yeah, it's $10 million, that's a lot of rich people getting involved, but it's actually very kay ittic and that's the issue with campaign finance regulation. when you regulate the campaign fp system, you create a lot of potential for chaos and lack of accountability. you also have a ton of folks on the d side as well who will go with attacks that are a little reckless and potentially blow back for the democrats as well. >> and look like it's coming from the men themself. >> the story isn't about regulation. you're right to say the romney camp had nothing to do with this, that's very important. but we never would have known who's paying for this ad to the tune of a $10 million ad but $30,000 a month. that's one of the dangers of the sleazy side of the super pac economy. this document which is designed to prey on people's worst fears, their ugliest assumptions and anxieties, as a matter of systemic strategy, that is what is so astounding about this document. >> one other thing that mitt romney should be -- you know, should look out for. i think the president has to do the same thing. if anybody else gets close to a line like this, not only do you say i repudiate it but you have to say anybody else who's involved in this, you're persona nongrata around me. you can't do this and expect to get anything for me. these people think they're being good soldiers for whatever candidate they're trying to help. >> let me just throw up the numbers. $10 million is a lot of money, that's a problem. but it's nothing compared to super pacs overall. 544 super pacs in this country right now with about $205 million that they have raised this cycle. they have only spent half of it. >> i just don't think the super pacs are the problem as such. the problem is they emerged because we're trying to prevent money from going into campaigns where that money is actually accountable, where the candidate has to take responsibility for how that money is spent. i think that's a huge problem. >> and we do know who donates to super pacs. in terms of transparency, it's improved in terms of issue-based stuff that nobody knows. >> what we're doing is devaufling responsibilities from the candidate, who we get to have an opinion about them, to these unnamed faces of people who all of a sudden can inject all of this vitriol into the political process. >> all right. thanks very much to all of you. if you can get a chance, go online and check this out. it is a pretty stunning document. and again, important to say as offended as you may be, the romney campaign had nothing to do with it. outfront, a new majority. tonight there is a new majority in this nation. sad news because we have lost the disco queen. donna summer, who brought us, well, a number of hits. ♪ she works hard for the money ♪ so hard for you, honey ♪ she works hard for the money so you better treat her right ♪ while it built up in my system. 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[ male announcer ] ask your doctor if chantix are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. our third story outfront, the changing face of this country. a census report today shows that more than half of babies, they count this as children under the age of 1, in this nation are now minorities. this is the first time in american history that racial or ethnic minorities make up more than half of the children born in the u.s. tom foreman is outfront tonight. tom, i know we've been sort of reaching this tipping point for a while, but what's the main reason this just happened? >> reporter: you know, that's a great question, erin. look at this, an amazing thing came out today. look at this, if you went into texas and went right down to maverick county, you would wind up in the most minority majority county in the country. about 97% of minority groups. somewhere in a county like this a baby was born in the last year that tipped over that edge and took it from just under 50% to just over 50% in terms of the minority babies in this country, people under 1 years old. slightly more minorities than white people right now. now, look at this, though. why did that happen? because of this massive immigration, largely from mexico for the past 30 years we've all heard about and because those families are producing more babies per family than most people are here, erin. that's really the fundamental driver of this change in this statistic. >> obviously with the adult population, i would imagine whites are still the majority. i mean how much so? >> reporter: well, you can't get confused by this, can you. it is changing but changing in the future. this is the overall numbers right now. whites are about two to one, greatly outnumbering minorities in the country. about 197 million, hispanics 52 million, black 44 million, asian 18 million and 8 million fall into other categories there. but here's what really matters and why that change in the babies basically matters in this country. because look at the median age. white people are the oldest ethnic group in the country right now whereas hispanics are at 27. people in their 40s, this group is less likely to be producing more babies in the future as we move forward. this group is very much in a time in which their families are growing. so what we've seen most recently is likely to continue at least for a while. >> that is a pretty stunning number. that screen there says it all. thanks to tom foreman, something to think about. ahead in our second half, we do have some breaking news here in the george zimmerman and trayvon martin case. i just want to show this to you. we'll give you more details. this is just one of the many pictures that we have just obtained. we'll show you exactly what they show of george zimmerman and also what we found out in the trayvon martin autopsy about what was in his blood when he died. and jamie dimon invited to capitol hill, invited is the word they use, huh? jamie dimon will have to do a perp walk or something like it on capitol hill. we'll find out if he's actually going to show up. 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