Steve Henn talks with Steve Inskeep on 'Morning Edition'
Facebook's much-publicized first sale of stock to the public started with a bang late this morning as the price per share jumped. But though the volume of shares sold was a record for an initial public offering, the stock's price gave up its gains as the day continued.
By the end of trading in the U.S., Facebook had settled right at the $38 initial offering price that had been set before shares went on sale.
Greece keeps cutting its budget to help pay debts and avoid default but then its economy keeps contracting, making the problem worse. The new French President Francois Hollande wants to find a way to stimulate Europe's economy.
It's MORNING EDITION, from NPR News. Good morning. I'm David Greene.
STEVE INSKEEP, HOST:
And I'm Steve Inskeep.
More than 50 world leaders come to Chicago this weekend for a summit meeting of NATO, the North Atlantic Alliance. They will discuss, among other things, how to end the war in Afghanistan. They will talk in a city where anti-war protestors famously clashed with police outside the 1968 Democratic convention. In 2012, anti-war activists are making preparations. NPR's David Schaper reports.
Now let's talk about the money the campaigns themselves raise. All through the Republican primaries, President Obama's campaign raised far more money than Mitt Romney's campaign. But now the money gap is narrowing, as NPR's Peter Overby reports.
There you have it, the sound of money. Mark Zuckerberg rang the opening bell for the NASDAQ stock exchange this morning. Facebook, his company, is going public today. The company's shares start trading under the ticker symbol FB. And we talked about one of the largest IPOs, initial public offerings, in history with NPR's Steve Henn.
OK. When we say one of the largest in history, how big is it here?
Mitt Romney is disavowing a plan by some wealthy Republicans to attack President Obama for ties to his controversial former pastor. Even the people behind that proposal said they are abandoning it after their idea was plastered on the front page of The New York Times.
The proposal centered on the Rev. Jeremiah Wright, who was a mentor to Obama before the two parted ways during the last presidential campaign.
Republicans unaffiliated with Romney were considering spending $10 million on a racially tinged advertising campaign tying Wright to the president.