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investors have just begun. welcome to "your $$$$$." i'm ali velshi, christine romans with me. we've been following this company with one thing in mind, after a troubling day for stock, can facebook live up to the hype? facebook, the most anticipated tech talk in history. from a startup in a dorm room to a global community approaching a billion people. facebook is the next paradigm shift on the web. first, the internet was defined by the portal, a one-stop shop for everything you needed. then came search, a single place to answer any question you could possibly ask. but facebook repre...

committed crimes against humanity. pope benedict xvi is visiting madrid, spain. the city expects a million or so people to attend. not everyone is happy to see the pontiff, however. some spaniards are protests over the cost to put on the event. those are the headlines from cnn, the world's news leader. i'm zain verjee and "world business today" starts now. good morning from cnn london. i'm nina dos santos. good afternoon from cnn hong kong. i'm andrew streechbs. you're watching "world business today." the top stories this friday, august 19th. many people are happy it is indeed ...

hands. >> keep in mind, this is not a situation where the two parties are miles apart. we're in rough agreement about how much spending can be cut responsibly as a first step towards reducing our deficit. we agree on a process where the next step is a debate in the coming months on tax reform and entitlement reform, and i am willing and ready to have that debate. if we need to put in place an enforcement mechanism to hold us accountable for making the reforms, i will support that too if it's done in a smart and balanced way. so there are plenty of ways out of this mess. but we are al...