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suzanne pratt reports. >> reporter: you may spend a chunk of your time on facebook. but, it's unlikely you'll get even a morsel of the i.p.o., at least not at the offering price. that's because underwriters give priority to their best clients, usually institutions. most retail investors will have to wait to buy the stock until it begins trading on the nasdaq. that means they'll probably pay more than $40 a share, perhaps a lot more. analyst nick einhorn thinks facebook will open at $50, a price he says is still worth paying. >> i think you could certainly justify that price if you ha...

>> reporter: you may spend a chunk of your time on facebook. but, it's unlikely you'll get even a morsel of the i.p.o., at least not at the offering price. that's because underwriters give priority to their best clients, usually institutions. most retail investors will have to wait to buy the stock until it begins trading on the nasdaq. that means they'll probably pay more than $40 a share, perhaps a lot more. analyst nick einhorn thinks facebook will open at $50, a price he says is still worth paying. >> i think you could certainly justify that price if you have good assumptions abo...

good morning. ready to respond. eurozone finance ministers green light a $40 billion emergency aid package for greece. winning streak. stocks strive for their seventh straight weekly gain. and going for green. phil mickelson claiming his third masters jacket. master phil, they're saying, as "squawk box" begins right now. good morning, everybody, and welcome to "squawk box" here on cnbc. i'm becky quick along with bill kernen. carl is on assignment today. eurozone finance ministers approving a $40 billion emergency aid package for greece. the plan would allow the debt-laden nati...

lynch executive bob mccann to head its america's wealth management unit. this appointment was widely expected. mccann had been with merrill for 26 years. ubs's franchise was battered by a tax from the u.s. government. >> i thought that had already happened. i had a friend at ubs and i said, hey, tell mccann i need a big pr job over there and the guy didn't write anything back. so that wasn't already done. >> maybe now the job will be on the way. >> maybe now it will be open. sure. >> meantime, gary loch is in china today. he says the u.s. welcomes the rise in the yuan's exchange rate...