at this hour. or do what zuck himself does text the word awake followed by your response to 622639. we'll read the best responses later in the slow. the next 30 minutes will be your cram session for this friday. if it's friday, may the 18th, a lot to tell but, including the release of a ton of new evidence in the trayvon martin shooting case that may change the way you look at what happened that night. we'll go through it. plus, our man, chuck todd, reveals himself to be the last guy you want to see at twrif yeah night at your local bar. absolutely cleaning up last night on jeopardy. we'll show you check's skills later in the show. first, though, let's get to the news live at 5:30 a.m. here at 30 rock in new york city, at 11:00 this morning, facebook will begin trading at $38 a share. and you, too, can have a piece of the action. the social media giant selling a 15% stake in the 8-year-old company that's now valued at $104 billion. with $16 billion raised yesterday, facebook becomes the largest internet ipo in history,

and one of the biggest ever overall. in the united states, only visa and the power company inelle raised more. facebook beats general motors on that list. its market value tops business icons like mcdonald's, citigroup, amazon, disney. the list goes on and on. the man or piece of facebook has been huge already. according to "the new york times" investors in the u.s. alone, would have bought 30 times the number of shares that they've been offered. still there are doubts about facebook's ability to bring in advertising revenue. in fact the company is trading at 100 times more than it earned last year. mark zuckerberg, who founded the company in his harvard dorm room eight years ago will be worth $19 billion. after today's ipo. he just turned 28 on monday. that makes him the 29th richest person on the face of the earth. for more on the story we bring in the co-anchor of cnbc's

"squawk box," and "new york times" columnist, andrew ross sorkin. >> mr. geist. >> we're here. the day everybody's been anticipating for months, perhaps years, is here, facebook going public. let's ask the first question everybody wants to know. is it worth $104 billion? >> well, you ask a question, it's an unanswerable question in many ways. i think the best way to think about it is to remember the price tag. the reason why people are so anxious about this is because of what they call the google memory. everybody missed out on goog 8 back in 2004 when that thing went public. people didn't believe, and so many people out there now saying i missed that, i'm going to try this. however, and this is the number to remember, the kind of return that people got on google back then, you have to believe that facebook is not just worth $100 billion some today. you have to believe it's worth almost $1 trillion in ten years.

that's the kind of return you'd require to get to a google-like valuation, and i think that's going to be a hard one to get there. >> let me make the grandpa argument, something i've heard many times from older people, they don't make anything. facebook doesn't make anything. where is all that money coming from? i know they have something like 900 million users, and to access that kind of a group is very attractive for advertisers, and people who shape public opinion, but what do they make? how could they be worth that kind of money? to which you say -- >> to which the answer is that they make money through advertising. the question is, are they a toll booth in terms of type of advertising that you see people at google making? and this is a valuation. if you're just thinking about it today, you have to believe that facebook is worth half of what google is today, and yet their revenues are a pittance on a relative basis to google. so this is completely a google play if you believe that somehow one day every advertiser in the world is going to advertise on facebook, and as we heard just this week for example, general

motors saying the advertising doesn't work. so there are real questions about what this ultimately means. >> let's take a step back, though, and think about where we are with facebook. eight years ago mark zuckerberg and his buddies are in a dorm room in harvard. they come up with this idea. less than a decade later he's going to be worth $19 billion. this is a remarkable american business story. >> absolutely. i mean, look, let's not -- i don't want to be a naysayer. on the valuation that's one thing. when you think about american innovation and business, and a great success story, this is an important day and milestone simply in regarding that. >> we talked, i want to change subjects real quick before i lose you about jpmorgan. jamie dimon, now has been called to testify next month before congress about the number that just seems to keep growing. it was reported last week at $2 billion. now at least $4 billion we're hearing. what's the overall impact? somebody watching at home right now, what does this all mean to people? >> well, you know, i go back and

i'll say it again, it's not just too big to fail anymore. it's a subject we haven't really talked about. it's really about too big to manage. that's what the bigger issue around jpmorgan is. it's about bank of america. all these institutions. it's whether one executive or even a board of directors can manage these institutions of this size, and what we're learning is that when you're of this size and scale, the idea that these firms can make that, and this is what jpmorgan was doing, they were making bets. by the way, if they thought they were hedging their bets, but they weren't, and to make the type of deal they're supposed to make at this size and scale you can put yourself in a lot of trouble. it's still about too big to fail, it's about too big to manage. it's going to be an interesting month to see what happens. >> i guess the question now is does the rules change at all as a result of this? there's a big front page -- >> i think it's impossible for them not to. >> they have somewhat. >> "wall street journal" has a big story about that. andrew ross sorkin, dealbook has

great coverage on facebook if you want to understand that story. andrew, thank you very much. >> thank you mr. geist. >> shifting geerz. there's new evidence shedding light on what exactly may have happened the night trayvon martin was killed. police photos show the gunman george zimmerman with lacerations and bleeding on the back of his skull, as you see there. and also on his nose. the photos would appear to support his claim that he was in a confrontation with mr. martin, which he says led him to use deadly force in self-defense. but a police report among several just released concluded that trayvon martin's shooting was, quote, ultimately avoidable. there didn't have to be that confrontation in the first place. another report, quote, reveals that martin was, in fact, running generally in the direction of where he was staying as a guest in the neighborhood. in other words, fleeing. zimmerman had called 911 that night to report a suspicious person in the gated community. the martin family attorney said if zimmerman had just stood down, as he was told by the 911 operator, then he wouldn't have

had to plead protection under the stand your ground law. meanwhile the medical examiner determined martin was shot at an intermediate range. traces of thc, the active ingredient in marijuana were found in martin's bloodstream. the 17-year-old had been suspended from school as marijuana residue was found in his backpack. prosecutor also released what's believed to be the last video of trayvon martin, surveillance video from a convenience store shows him buying those infamous skittles and iced tea that we've heard so much about. this is just minutes before he was shot and killed. zimmerman has, of course, been released on bail as he awaits trial on charges of second degree murder. in some political news, a proposal to attack president obama by linking him to controversial comments made by his former pastor has backfired before it ever got off the ground. "the new york times" reported early yesterday that a republican-leaning super pac, a conservative group, was considering launching a $10 million ad campaign to target

the president's ties to the reverend jeremiah wright, whose comments became an issue, as you'll remember, in the campaign four years ago. many of his sermons were made public. the 54-page proposal was called the defeat of barack hussein obama. according to strategists the adds, quote, knew exactly what john mccain would not let us do, end quote, in going after the president's relationship with wright. the proposal read in part, the world is about to see jeremiah wright and understand his influence on barack obama for the first time in a big, attention arresting way. the "times" reports that the plan was just one of several commissioned by billionaire joe rickets who founded the firm tv ameritrade. by yesterday afternoon he said he had rejected that idea, adding it was only a suggestion for one possible direction for that pac to take. president of the super pac says mr. rickets was not the funder of the plan and that he's focused entirely on questions of fiscal policy, not attacks that seek to divide us socially or

culturally. mitt romney had distanced himself from this idea, speaking to reporters yesterday in florida. >> i read the article on the aircraft, as i read the article i want to make it very clear, i repudiate that effort. i think it's the wrong course for a pac, or a campaign. i hope that our campaigns can respectively be about the future and about issues, and about a vision for america. i -- i've been disappointed in the president's campaign to date, which is focused on character assassination. >> on his way back to washington after a two-day swing through iowa, vice president joe biden weighed in on the story, as well. >> i think these guys like that so misunderstand the state of the issue. they act like it's 1942. i mean, i think the public is so, so far beyond that. and then i heard, getting out of the car, looked like they're not

going to do that now. i mean, look, there are certain things that are so morally clear. >> we will talk to the president of ending spending action fund, that super pac we're talking about, mr. brian baker, coming up on "morning joe" and ask him what exactly the plan was and how close they got to using it. that's ahead. still ahead on "way too early," it is uh-oh time for the miami heat, with chris bosh out hurt, dwyane wade scores single digits. highlights from the nba and nhl playoffs ahead in sports. plus with mark zuckerberg waking up this morning to bathe in crisp, $100 bills and brush his teeth with beluga daf yard, his company 1r58 ued at $104 billion, we look at some of the ipos that didn't work out so well. that story and a check on weather.

>> the explosion came as a surprise with a force that has yet to be measured. lightning storms ignited the forest below. all day it seemed nature has gone berserk, flaming clouds of gas sent streams of mud into nearby rivers. they burst out of their banks, carrying away houses and cars. wake up!

that's good morning, veggie style. hmmm. for half the calories plus veggie nutrition. could've had a v8.

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3% back on [ friends ] road trip!!!!!!!!!!!! [ male announcer ] get 1-2-3 percent cash back. apply online or at a bank of america near you. ♪ you see the gray. try root touch-up by nice 'n easy. just brush our permanent color matching creme right where you need it. then rinse. in ten minutes zap those grays and get on with your day. nice 'n easy root touch-up. welcome back to "way too early" it's 5:45 in the morning. the sun is up in new york city. it's just beautiful outside. bill karins cooking up a good weekend for us. good morning. >> a little usher down there this morning. crowds -- >> on the plaza. >> you're hanging out with them after the show, right? >> oh, yeah, we have similar dance moves. >> nice. the worm? >> yeah. >> good morning, everyone.

we are watching a storm system off the southeast coast, brought some thunderstorms yesterday to georgia and south carolina. but tell you what, that's exiting and we are left with just a gorgeous forecast out there. this will easily be the best three-day period of the spring, nationwide. as far as what we're dealing with in the northern plains, little bit of rainy weather, northern portions of michigan and montana. as good as it gets from the northeast. a repeat of yesterday with dry air, warm temperatures in the afternoon. very comfortable. getting a little steamy in dallas, up near 90. even there the humidity is a little lower than what you'd see, say in the middle of the summer. taking you through your weekend forecast, really don't see many issues. showers and storms late in the afternoon and areas like florida, maybe in the northern plains some minor problems. just take a look at any location nearest you, and even as we go through sunday, pretty much coast to coast, this is a-plus weekend weather. enjoy it. >> that is beautiful. all right now we're on our way to summer. we can finally turn around. >> yes. >> no more 55 degree days. >> it's over. >> thanks so much. the nba playoffs a week ago

the heat second round series against the pacers, seemed like a formality on lebron james' road to the finals. but after last nights agame three there is nothing inevitable about the playoff future. dwyane wade could not buy a bassett. a jumper off the rim. a little bit later he's going to miss a runner. he was held to zero points in the first half. dwyane wade, zero points, first time that's happened in his 95 career playoff games. heat and pace wrers tied at 43 at the break. third quart quarter, wade takes frustration out on his coach, during a time-out. ooh, that's not good. wade finished with 5 points. 5 points. pacers pull away in the third. roy hibbard had a huge game. he had 19 points and 18 rebounds. he was great last night. he then swings it to george hill, hits the three. that put the pacers up by 20 points. the indiana pacers blow out the miami heat 94-75. they're now up 2-1 in the series with another game still coming

at home in indiana on sunday. mario chaumers, 25 points. lebron had 22. wade five turnovers to match his five points. the first time in 29 playoff games over the last two years the heat's leading scorer has not been wade, james or bosh. chris bosh, of course, out with that injury. the spurs and clippers got together in san antonio last night for game two of their series. looks like it could be a short series. third quarter, butler goes baseline and dunks on tim duncan. huh. one of the few highlights of the cliepers. tony parker's 30th birthday. celebrates getting past blake griffin. he had 22. spurs roll 105-88. they're now up two games to none in that series. the spurs' 16th straight win last night. that dates back to the regular season. game three, in l.a., tomorrow afternoon. stanley cup playoffs, speaking of l.a. the kings, what is up with the kings? they're on fire on home ice against the coyotes and running

away with the western conference finals. two minutes into the first, coyotes captain shane doan continuing his rough play. puts an elbow to the face. two minutes in the box for that. third period score tied at one, dwight king has a little space. puts a little wrister, that's your game winner. kings one 2-1. they're now on the brink of sweeping the coyotes. remember they're the eighth seed, up 3-0 in the series. to become just the fourth team in the last 30 years to start the playoffs 11-1. they've only lost once in the playoff. the three previous teams, though, all lost in the stanley cup finals. bill baseball, rangers taking on the a's. andrews pops up the bunt, mccarthy makes the diving try but the umpire says he trapped it and everybody is safe. that's when the fun begins. a's manager bob melvin comes out to argue. probably arguing with the ump gets you run out of the game. look at the patience by home

plate umpire laz diaz. over a minute before finally sends melvin to the showers. there might have been a good reason he hess stated to throw him out. he completely blew the call. he made a great catch. a's did bounce back to win this one 5-4 in extras. rockies taking on the d'backs in coors field. play interrupted as thousands of bees swarmed in. came down on a camera bay next to the dugout. wow. the game had to be stopped in the fifth inning while the situation was resolved. eventually the bees were contained -- did the bee keepers come out with the suits and the honey and everything? how did they contain this thing? anyway, oh, my gosh. oh, they blew them off with a leave blower. interesting tactic. the game did continue eventually after they painstakingly blew -- what about that guy just with the short sleeves in the middle of the hive? d'backs won 9-7. that's taking a long time.

coming up at the top of the hour on "morning joe" facebook goes public and a dorm room dream turns into a $104 billion reality. we'll talk about the wisdom of buying into the hysteria with our "morning joe" crew. and around here, watch our main man chuck todd show trebek what the blank was up on jeopardy last night. "way too early" coming right back. [ female announcer ] removing facial hair can be irritating. challenge that. olay smooth finish facial hair removal duo. first a gentle balm then the removal cream. effective together with less irritation and as gentle as a feather. olay hair removal duo.

five hours and seven minutes from now, facebook will begin trading at $38 a share, as the richest internet ipo in history and the third largest ipo ever overall. the ipo expected to raise $16 billion bucks for the company has raised facebook's valuation to $104 billion. you want to sound smart today tell your friends that one of the biggest tech ipo failures in history came in 1999 when online toy provider etoys.com raised $166 million for its ipo and sold at $76 a share on opening day before diving to nine cents a share less than two years later. the company went bankrupt in 2001 before being bought in court by kb toys. let's huddle up around the water cooler to watch the great

men and women of msnbc competing on jeopardy's d.c. power players edition this week. we showed you earlier in the week "hardball" host chris matthews duking it out with trebek. >> full name of the u2 pilot shot down over the sun in 1960. chris? >> who is gary powers? >> we need the full name. >> who is gary powers? >> no. >> who is francis gary powers. >> that's it, yes. lizzie benefits. she selects. >> chris is relentless. he did win $10,000 for his charity. last night, chuck todd, man he was on fire. winning by a margin of $40,000 against comedian louis black and clarence page of the chicago tribune. watch chuck do his work. >> it's not church bells but hells bells that opens this ac/dc album. >> what is back in black. >> queen anne's revenge was this

pirate's ship. >> who is blackbeard. >> good. chuck? >> what is psycho. who is hirohito. >> hirohito, yes. >> mr. rayburn. who is mr. rayburn. >> yes. >> chuck? >> who is henry waxman. >> you got it. >> nytimes.com welcomes you to the list of the best 1,000 movies ever made which includes this 1931 bela lugosi film. chuck? >> what is dracula. >> dracula, yes. >> all right. >> that leaves you with $18,100. but we bump that up to $50,000. >> chuck just cleaned up last night. his total winnings of 50 grand went to the d.c. based charity samaritan inn, a group that provides recovery programs and housing to homeless men and women. chuck, nice work. tonight, keeps getting better, our own kelly o'donnell on "jeopardy." still ahead on "way too early" while you're awake your tweets, texts and e-mails are next.

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it was in my sister's neighborhood. i told you it was perfect for you guys. literally across the street from her sister. [ banker ] but someone else bought it before they could get their offer together. we really missed a great opportunity -- dodged a bullet there. [ banker ] so we talked to them about the wells fargo priority buyer preapproval. it lets people know that you are a serious buyer because you've been credit-approved. we got everything in order so that we can move on the next place we found. which was clear on the other side of town. [ male announcer ] wells fargo. with you when you're ready to move. top story right now on msnbc.com, in an apparent signal to greek voters the head of the

world bank warns that if athens were to depart from the common currency, spain and italy could be the next dominoes to fall in europe's widening financial crisis. we asked you at the top of the show what you're doing up at this hour. our producer john tower has a couple answers. >> i got a cole in new jersey writes i've been home from college for two weeks now but i'm still on a college sweep cycle. i get home at 7:00 a.m. every day. >> home from where? where are you until 7:00 a.m. young man. >> we got brian on twitter, it's really because i accidentally >> really up because i drove a hole in my hand. can't sleep. >> that's a new one. that's a new one. people drill holes in their hands. >> there's a follow up. he want toss correct us. it was a shop vac, not a leaf blower. >> talking about the bees. of course, he's sucking them in, not blowing