linkedin is linkedin now to the new york stock exchange. don't think that's having a big effect but so far, so good. [ yawns ] [ magical chime ] ♪ [ people cheering ] [ girl ] whoo hoo! a record level at vicksburg. but.. the go >>> check out this sight in mississippi. the mississippi river has reached a record level at vicksburg. but the good news, the high water isn't not expected to top the levee. >>> and how about this? a scene from louisiana. check it out. four deer sprinting through a flooded meadow. the photographer says all four later got out of the water safely. >>> all right, folks. just getting going? we have a nice day coming up weather-wise. we have a lot of sunshine showing up now just a couple of patches of fog. chopper 5 up. you can see the fog bank looking towards sutro tower and we are going to see a couple of lingering clouds at the coastline but most of the bay area we are talking about sunshine and no rain to worry about for today. so we have some great weather coming our way today and looks like nice weather over the

so bill, quite the debut for linkedin. do you buy it or sell it at 94 and change? >> you know, we're a seller right now at 94. we think whether you look at pretty a fun meant standpoint, discounted cash flow, you know, melt pulls, -- multiples, price to earnings, whatever, there's nothing that can justify how high this stock climbed. when it went from 32 to 45 to 42 to 45 a couple days ago that that would take away some of the tail winds of the cushion on the secondary market and clear i was wrong because it skyrocketed today. >> tom: it hit a high of over $1 to per share at one point. what do you think is driving demand, purely emotions? >> i think it's a little of emotion. this is the first mover of the social networking platform type company. i think a lot of people want exposure to this sector, and i think linkedin has benefited from the fact that they brought their deal first and kind of caught the wave of just sentiment and investor buzz around this space right now. we think will continue with the eventually facebook and twilters, but for now linkedin kind of

and has more than 100 million members. >> i just recently became part of linkedin. >> reporter: linkedin is about to be part of the new york stock exchange. >> i think there are major dollars flowing at this rate. >> reporter: linkedin target its ipo at 32-$33 per share. the company has boosted and said the ipo priced at $45, valuing the networking site at $4.3 billion, the highest market value for a u.s. internet company taking its first bow on wall street since google went public. >> if linkedin is a grand slam it could mean grand slams for other social media products. >> reporter: a strong showing could mean wonders for future internet ipos facebook and groupon. the question is, will investors gravitate to these sites? >> it has been a hot one day and not the next. >> reporter: the two converge tomorrow morning. >>> on wall street today a surge in oil boosted stocks. the dow industrials gained 80 points. nasdaq rose 31. >>> we have an update in developing news we brought you live on the ktvu channel 2 news at 6:00. we got pictures of the navy tanker plane on fire just about 40 minutes

. >>> cashing in on linkedin. wall street investors just couldn't excite get a piece of the first social networking company to go public. kiet do takes a look at whether the trend will last for similar sites. >> reporter: decided to be on linkedin? >> i'm excited. >> reporter: on linkedin's big day, the social networking site wasn't being very social at all. >> do you feel rich? >> no. >> reporter: employees were told to stay quiet as caterers prepped for the ipo celebration with espresso machines and a smoothie bar and dozens of doe nuts. the party was closed. employees were free to post comments on twitter including this photo from inside the lobby. [ opening bell ] >> reporter: linkedin's executives were all in new york for the bell ringing and watched the stock bright skyrocket. the initial price was $45. but after the opening bell, the price shot up to $83 so will it all last? is this the beginning of another bubble? >> whether or not there will be a bubble remains to be seen. if these companies can prove the

linkedin is the first networking site founded in 2002. and it is focused on and used mainly by business professionals as a networking tool. they boast 100 million users with executives from every, single fortune 500 company but if you are thinking about buying today, you're not going to see the red-hot growth in the number of users. >> i don't think that we're seeing the same kind of daily rabid user base that we see in a facebook for example that you do everything on facebook, you're logging never day. to be logging in just once a week or whenever you get a message, that would be a concern for anyone who is investing. >> reporter: all righty. nonetheless, the question remains here, does this mean that there's going to be a floodgate of ipos? a lot of analysts are saying that the tech sector is very fertile at this point and that 2011 is going to be a good year. as far as celebrations, are they going to be popping champagne corks today? a press person said they will be celebrating after it calms down but they are expecting a exciting day

maybe it's a bubble, but some analysts say linkedin's success now could mean the sky's the limit for facebook. katie? >> couric: that means we're not relevant, too, right? >> reporter: (laughs) speak for yourself. >> couric: anthony mason, thank you. meanwhile in houston, gabrielle giffords' doctor said today her surgery went so well he's like . it's one of the most researched prescription medicines. goes beyond what they do alone by helping to keep blood platelets from sticking and forming dangerous clots. plavix. protection against heart attack or stroke in people with acs. [ female announcer ] plavix is not for everyone. certain genetic factors and some medicines such as prilosec reduce the effect of plavix leaving you at greater risk for heart attack and stroke. your doctor may use genetic tests to determine treatment. don't stop taking plavix without talking to your doctor as your risk of heart attack or stroke may increase. people with stomach ulcers or conditions that cause bleeding should not use plavix. taking plavix alone or with some other medicines, including aspirin, may

quite the story linkedin. typically an ipo especially a hot one like this does not start trading right away. i'm keeping an eye on it. i'll let you know when it starts trading. what happens and what price. but analysts saying it's going to shoot right up as other investors take interest. >> a lot of people are going to be watching that today. especially a lot of social media start ups. >> facebook. >> they'll be doing the same thing within the next few months. >> exactly. facebook and twitter thinking of doing the same thing. >>> good morning everyone. thank you for joining us on ktvu morning news. it is thursday may 19th. i'm mike mibach in for dave clark. >> good morning. i'm pam cook. time now 6:30. much of the talk as we've been saying on wall street is about linkedin and its ipo. it's called a social networking site for professionals who say it's more of a network than social like myspace or facebook. for the people who use it that's a benefit. it helps with job leads or finding information for the workpl

linkedin a business oriented social networking site. our kiet do will have a live report in our next half hour. >>> okay. move over, oprah winfrey. >> yeah. lady gaga ousted the talk show queen for the number one spot on forbes' list of powerful celebrities. social media fans helped her rise to the top. the pop star now has more than 10 million followers on twitter -- what a getup. >> every getup is what a getup. >> look at that. >> more than any other person. >> and she only did it in just a few years. look at justin bieber. i just watched his movie. have you seen it? >> never say never. >> it's incredible. there's oprah winfrey number 2 followed by justin bieber, u-2 and elton john. charlie sheen you know he was so hot on twitter, he ranked 28th. >> guess how much lady gaga made last year. >> i don't know. >> $90 million. >> and i mean, it was only about 5 or 6 years ago, you know, the record company had dropped her and she was crying to her grandmother. >> she's a genius. she really is. >> you have to see never say never. i thought i

analysts say linkedin is profitable. its strong initial public offering allows the early investors to cash out. the company has a lot of money now. it plans to forego a product to invest more heavily in technology and development. david louie, abc 7 news. >>> linkedin helped lift the market. the dow jones rose 45 points. the nasdaq added 8 and the s&p 500 up almost three. >>> transportation secretary are ray lahood came to the bay area. after meeting with with tamlies of the victims of the san bruno peopleline disaster he is promising to revamp the nation's pipeline system. >> reporter: transportation secretary ray lahood and cynthia quarterman came to san bruno, invited by representative jackie spear to see the crater created by the explosion and the empty lots where 38 homes once stood and 8 ople died. >> some things we can do administratively and we will work with the congress woman and a couple of senators that have introduced a good bill. >> reporter: after that, the pg&e president led a tour of a gas distribution r

the linkedin. these tech ipos that drive the market. >> i got scared watching the market because i was getting these flashbacks of 1998 and '99 before the bubble burst. linkedin is first in the market. next it will be groupon, facebook, twitter. all going public at evaluations that are enormous. ratios of 600. >> should you invest in the media sector in general? we talk about networks and linkedin. is media a good place to be? >> it is because everybody still is in media. there's a couple of risks, if the u.s. economy slows down, they're based on advertising. people are not spending as much money on -- >> banks and autos and things like that. we've seen a big comeback. >> a huge comeback. the stocks have outperformed the market, a great run. if the economy starts to slow down, what happens then? >> give me a network. who do you like? >> i have to say cbs. i hate to say that. the stock is amazing. the chart is amazing. you look at what it's done, even more importantly charlie sheen. she's gone, but

linkedin. sort of makes me go back to the late '90s, early 2000s. >> i was getting these flash backs of 1998, 1999 before the bubble burst. linkedin, they're first to the market. what's next? it's going to be groupon. it's going to be facebook, twitter. they're all going public at valuations that are enormous. trading at p ratios of 600. it's mind blowing. >> should you invest in the media sector in general? we talked about networks. we talk about linkedin. is media a good place to be? >> it is. everybody is still in media if you think about it. there's a couple risks. if the u.s. economy slows down, they're based on advertising. people are not spending at much money on -- whether it be linked -- >> it's mostly banks, autos. we've seen a comeback in advertising spendings. >> a huge comeback. stocks have outperformed the market over the last few years, had a great run. if the economy slows down, what then? >> what do you like? >> cbs. i hate to say that. the stock is amazing. the chart's amazing

linkedin opened 2% higher. so good news for silicon valley. >> just like that and the market hasn't been open one hour. >>> the federal government is rolling out a new gnash language of sorts of. >>> also, how the ob -- obama reelection campaign. >> did he lie. the past of john perez. >>> the head of the international monetary fund has resigned. >>> good morning. we have sunshine inland. by the coast, we have to deal with fog. >>> it is 7:14. new this morning, fismed mortgage rates hit new lows. rates for the 30-year fell and for the 15-year it fell to 3.80%. analysts say that is not enough to jump start the weak housing market but has helped those trying to refinance their loans. >>> in about one hour president obama will be giving a major speech outlining new u.s. goals for the middle east. we go live to our washington, d.c. newsroom. the white house sees this as a critical moment to send a message to the muslim world. >> reporter: the message is that the u.s. is here to help help. administration officials sa

one >> day after linkedin went public, the dow jones industrial average is of 35, but linkedin is up again, $7.79 a share. originally $45.00 a share is now at $102.40. >> less see with as temperatures are. >> the temperatures are going to be going down a few more degrees as we get to sun rise and beyond. this morning we're looking pretty good, partly cloudy. this afternoon sunny and warm. we are setting ourselves up for a nice weekend. more with that in the 7 day forecast. here is where temperatures are at the moment as we work our way around the bay. right now we are cool in the north day. but in the mid '40's for the most part in santa rosa. it now but is 51, 52 in san francisco, 54 in oakland. in san jose, 52 degrees. a little warmer than yesterday. this afternoon temperatures will be in the '60s and '70s. most of the bay area is dominated by that temperature range. click here is a quick tour. 73 in santa rosa, 76 and out of. 61 in downtown san francisco, warmer in concord. 76 for folks in the delta. oakland, 65. san jose, 72, you get the idea, the '60s and '70s. have a bit cooler

linkedin debuted its ipo last week reminding many of the days of the tech boom. take a look at this. the stock priced -- what they offered it out at, at $45. but that's not where it opened. it opened at $83. quickly jumped above $100 a share. but the celebration prompted many questions. it is institutional investors, not us, who get access to the $45 ipo price. a company like linkedin pays for extensive research to be done to set that price. investors felt that shares of linkedin were clearly worth way more than the $45 it came out at. richard, you tell me which likely fits best -- a case of incompetence, the price they set at $45 was too low? two, it was a case of cronyism where the game is rigged for inside players who got an $83 stock for 45 bucks? or the last theory, the price of $45 was right but the fervor to get in on this ipo like the tech boom that we went through drove shares to irrational levels? which one was it? >> a combination of number one, they were incompetent in setting the price, and number three, they just got it wrong and there was much grea

linkedin is likely the first in a series of social media sites to go public. take a look at the stock which closed on friday after two days of trading in heavy volume. >>> the former head of the international monetary fund dominique strauss-kahn is on bail. he was arrested for sexually assaulting a maid at a hotel and he resigned his post as head of the imf this week. >>> a choppy week for the markets on soft earnings and economic news. falling and rising with the price of oil. more grim news for housing, though. housing starts for the month of april tumbled by more than 10%, worst than analysts' expectations there are so many previously built homes still on the market that there was very little demand for the new ones. >>> and a milestone for amazon.com. for the first time ever, the online retailer sold more digital books than print books. the margin about 5% since april. >>> stephen wood is the chief northern american market strategist with russell and he joins us with his view on the markets and the economy. it's wonderful to have you on the program. >> tha

and that puts linkedin's market value at more than $4 billion. analysts expect interest to send that stock even higher as soon as it opens this morning. >>> pg&e has issued another warning about pipeline pressure reductions. the utility sent a letter to regulators last week that says dropping levels could effect service to customers including hospitals and power plants. last month they warned of uncontrollable outages. state regulators ordered the utility to cut pressure on some lines and to conduct water tests following the san bruno explosion. today secretary of transportation and jackie spear will tour the crash site. >>> this morning cal trans crewing preparing for major work on the new eastern span of the bay bridge. they will place a 500-ton cable saddle on top of the tower of the self-anchored suspension can. that will then be sent through the cable. work gets underway about 10:00 a.m. the new eastern span of the bay bridge is set to open in 2013. >>> sal, i'm learning all kinds of construction terms this morning. >>> pam, you're doing ver

linkedin went public this morning at $45.00 a share. the stock is no trading at 87 where $8.00 cents. 92 percent up. >> new restrictions on the yellow pages in san francisco. the board of supervisors not requiring the yellow pages asked residents and businesses if it would like a copy of the phone book instead of just leaving them on doorsteps. the program will not go into effect until may of next year. >> 7:57 a.m., we have more and had come stay tuned for more african in developing news. we have a shooting or to a people have been killed and opens, an officer involved shootings. with our live on the scene there and at treasure island taking a look at the debris to project. they are beginning to raise this giant piece into place, that is one story we are covering, we will be right back. >> there are two suspects and dead after an officer involved shooting. we are coming up with more details. >> we are wondering if he can hear us, if he is fighting his way back, if he feels trapped, i have all that running through my head. >> this siste

linkedin's oak nomic report. we've got more on that. the indices up by between a fifth and a third of one percent. >>> well, the japanese economy is still reeling from the earthquake in tsunami that hit it on march 11, and now the owner of the crippled fukushima daiichi plant has revealed how much money it's lochlt it's not a pretty picture, but we'll bring it next on "world business today." for those of us who have lactose intolerance, let's raise a glass to cookies just out of the oven. to the morning bowl of cereal. and to lactaid® milk. easy to digest and with all the calcium and vitamin d of regular milk. [ female announcer ] lactaid®. the original lactose-free milk. >>> welcome back. this is "world business today" on cnn. >>> tepco, otherwise known as the tokyo electric power company has had its worst hit. it's another massive blow for utility that now faces a multibillion-dollar bailout. it's come as little price to the shareholders. now, i want to show you the amount that's actually been knocked off the company's shared price

going to keep all eyes on linkedin today after its breathtaking ipo yesterday. the stock more than doubled to $94. that was an incrediblably important ipo for the rest of the social media companies out there look at this including facebook, twitter, zynga. there is a lot of pent-up demand for tech companies. we are not seeing the market flooded yet so we are seeing talk of a potential bubble where but there are plenty of companies out there showing revenue growth important for investors. linkedin shares are up 7% a good sign for the demand to continue into the second day. market lower dow down 48, nasdaq off by 8, and frank and sydnie the s&p is down by 5. >> yeah, linkedin is actually kind of one of the smaller players in that social media space. those others which are very, very big i bet they are just thinking, hm, let's get this party started. >> that's right. the secondary markets which trade in private companies like those they had a valuation of about $2.5 billion on linkedin. it's now valued around $10 billion for instance. facebook is up around 70 to $8

one says linkedin is reaping the benefits. he calls the stock overvalued because he says it's unclear if the company will turn a profit, maureen kelly, kron 4 news. >>> breedy but overall plent conditions around the bay area. live look outside. pretty shot for you on this thursday night. look at your 24 hour forecast. tonight we are expecting breezy conditions around the bay area. temperatures in the gifts for the bay -- 50s for the bay and inland spots. tomorrow, cloud cover but overall sunny and mild outside. into the afternoon, conditions similar to what we saw this afternoon. today, meaning plenty of sunshine throughout the bay area. looking at your overnight lows. 40s and 50s out there. 49 for san rafael. 51 oakland, mountain view. 50 in los gatos and san jose. morgan hill 48 degrees. and as we head into tomorrow afternoon, 3:00, temperatures will be into the upper 60s, low 70s around the bay area. 72 for novato. 66 richmond. 67 oakland. half moon bay 61 degrees. 75 for los gatos. 76 for morgan hill and 72 for san jose. w

linkedin just went to do an initial public offering. they say come on in, and get involved, and there's only so much stock available. and when that stock is gone, you won't be able to get in on the, on the gravy train of linkedin. well, linkedin went from be here, $45 on first day, up to $90 some. that was the pump, okay? pump, pump, pump, pump, pump. and then the next day, of course, you sell. so all the chumps, okay? those investors who were lured in to this little trap lost a lot of money, and everybody else made a lot of money. another thing, too, i cannot read it -- oh, i got ya. i see that. the lessons of the great depression and the great recession are being repeated here today. wall street is fighting like crazy against any kind of reform, any kind of regulation. it wants to do business as usual, and it will fight to the last minute in order to continue to do that. and it's only citizens and investors who are standing in the way of them simply running over everybody again. we're already predicting another big dip coming soon. so

linkedin is working on scrambling cookies in the coming months hoping to resolve it sooner. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> all right. let's take you to ireland now. these are live pictures of crowds of people waiting for president obama and the first lady. it is the first stop on a six- day, four-nation tour of europe. wow. >> they had the queen there last week and president this week. >> big, big crowds. he is going to visit his ancestral home of moneygall. his great-great-great- grandfather came to the u.s. back in 1850. very, very excited. >> why not. >> for his visit. >> pack of irish fans, too. >>> 6:50. the husband is out of the picture but it looks like there is a bit of a domestic dispute among osama bin laden's three widows at least that's what a pakistani official is telling the australiaial website. he says that the two older wives believe that the much younger wife may have tipped off american intelligence officials about the al qaeda leader's hideout. all three wives lived in the compound when bin laden was killed there three weeks ago. p

linkedin's ipo hitting the market tomorrow. this is widely anticipated as linkedin is feeling so confident it upped the target range to $42 to $42 per share that compared to $3 2 to $35 earlier on that. would value the company at about $4 billion. raised about $350 million. it's key because linkedin is the first major social networker to go public and will give us an idea of the kind of interest we can expect when facebook eventually does that or when other private companies like twitter or social game manger zynga goes private. they have much higher valuations than linkedin on the private shares market. for instance, shares closing this morning has facebook around $80 billion, twitter around $7.3 billion, zynga arnold $8 billion. >>> lots of earnings out this morning that's dictating the action on wall street. dell's numbers were up so that was good news, shares up about 6%. staples cut its forecast for the full year based off sluggish economic figures. and its shares getting hit pretty hard. staples right now down 14%. a bit

how to interview; how to use social media; how to use linkedin. i learned as much as i can, or literally everything i can about it to the point where i was asked be a presenter at one of the networking groups and that's what led me to-- i actually do that part-time as an entrepreneur doing linkedin workshops and presentations. i worked at lowes part-time ten to 15 hours a week to supplement my unemployment benefits. i went through the 99 weeks of unemployment so i stayed here and worked part-time until i was offered a job, a full-time job, two months ago. try to lead as normal a life as possible. working helped, even the part- time work. keep current with what's going on and just continue to keep searching. >> tom: that's "nightly business report" for friday, may 6. i'm tom hudson. have a good weekend everyone. you, too, susie. >> susie: good night tom. we hope to see all of you again next week. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. capti

analysts say linkedin made over $15 million last year and has over 100 million user. its strong initial public offering allows investors to cash out and reinvest capital in new startups. >> the company plans to forego a profit this year to invest more heavily in product and technology development. in mountain view, david louie, abc 7 news. >>> linkedin helped lift the rest of the market today. the dow jones rose 45 points. the nasdaq added 8. the s&p 500 up almost three. >>> transportation secretary ray lahood came to the bay area after meeting with victims of the san bruno pipeline disaster he is promising to redouble efforts to increase the safety of the nation's oil and gas pipeline system. he also toured a pg&e replacement project. >> the replacement project here on irving at 15th is not related to the san bruno explosion. it was planned before that. but it is about pipeline safety. the reason behind lahood's visit. transportation secretary ray lahood and the head of the pipeline safety and hazardous materials safety agency cynthia quarterman, came to san bruno, i

social met working site linkedin is expanding in asia. opening a new headquarters in singapore today. hoping to tap into that region's huge pull of professionals. linkedin is still on high after doubling stock prices during its initial public offering earlier this month. >>> meantime, the anticipation of game makers zynga offer sing growing and expected to top linkedin's ipo. even before that, zynga plans to lawn a much new game. some suggest it could be its biggest launch to date. our scott budman will have more on that later today. >>> for many people, today is it is a monday, feels like that after the long holiday weekend. we wanted to give you a hug. this may be the ultimate kitten hug. you have to check this out. so far 15 million already watched this on youtube. it is worth it. watch as the mama stretches out and pulls over. >> that's love. >> p that doesn't make you feel nice and warm and fuzzy on this tuesday morning, it is chilly outside, i don't know what will. makes up want to stay in bed. >> yeah, no kidding. cuddly. >> adorab

>> reporter: at linkedin headquarters employees

the initial public offering for linkedin was at $45 per share yesterday. when it closed yesterday this was trading at $94. right now it's at $102 per share. it's the first big media stock to be offered to the public. >>> another local stock to keep an eye on today is gap. the san francisco-based retailer reported earnings after yesterday's closing bell and lost ground today. revenue for all gap companies nell by 1%. it was especially hurt by sales of hold navy dropping 4%. >>> the country's largest brick and mortar bookstore put itself up for sale last summer. now it says it has a billion dollar offer. barnes & noble said nothing has been aproved yet and it is still evaluating the offer from liberty media corporation. barnes & noble has more than 1300 stores across the country. all bookstores have been hurt as customers change how they buy books and getting comfortable with e bongs. now amazon reports sales for the kindle have outstripped sales of all hard cover and paper back books combined. amazon started selling the kindle four years ago but had never r

market watchers are keeping a close eye on linkedin ahead of its first publicly traded day tomorrow. they bumped up the price range of its ipo by $10. a coalition of health professionals and organizers are launching a print ad campaign in several u.s. cities today in an effort to convince mcdonald's to stop marketing for kids through its happy meals. the group is calling for the retirement of ronald mcdonald. the nfl lockout is big business for some folks. our colleagues noticed this twitter post that apparently loaned $500,000 to one player at a staggering 23%.interest. you still have to pay the bills. >>> coming up, atlanta's brian mccann comes through for the braves not once, but twice. plus, the mavericks thunder through their opener with big help from dirk nowitzki. your early look at sports is straight ahead. >>> in weather, you can find rain just about anywhere. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, the nba lottery was held yesterday and for the cavs, after losing lebron james ne

russian search engine yandex unseated linkedin with a $1.3 billion debut on the new york stock exchange. chrysler took a big step in restoring its status with a $7 of 6 repayment of bailout loans. meanwhile, the u.s. unloaded a big chunk of its stake in bailed out insurer aig, $8.7 billion worth, including a small profit. >>> finally, the newly crowned duchess of cambridge is officially a hot commodity. but command for the $285 beige dress kate wore to greet the obamas at buckingham palace yesterday crashed the designer's website. it is a fantastic dress. >>> coming up, the canadian team will have a chance to win the cup. a walk-off homer for the os and a ninth inning come back in the bronx. >>> plus, lebron outpaced the man who replaced him as the league's mvp. your early morning sports headlines are straight ahead. >>> once again, possible tornados in the middle of the country are stealing all the headlines. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, last night, lebron james played some defen

investors hope linkedin's impressive wall street debut is a preview of what's in store for other social networks planning to go public this year. shares of the professional network jumped 109%, rising from an initial price of $45 to close just over $94. that success, however, didn't do much for the mainstream tech sector as goldman sachs issued a sell recommendation on intel and advised caution for the entire semiconductor sector. >>> meanwhile, concerns about the economy weighed on the dow. fresh data showed a slump in sales of previously owned homes. weak regional manufacturing and a surprisingly slow forecast for future economic activity. oil prices fell after the international oil agency countered opec's stance that oil supplies are just fine, saying there is a, quote, urgent need to ramp up production to prevent further damage to the global economy. after the bell, late, barnes & noble shares soared after liberty media's $1 billion buyout offer. in a pr deal critics call the definition of selling out, starbucks and lady gaga are teaming up to cash in on copies of the pop star's new

. >>> linkedin goes public and a tech star is born. we'll show you why the networking site is trending on social media. >>> plus the mavericks were riding a hot streak, but could the thunder strike down dallas? the nba playoffs say they would not like the world to end. a sports update is just ahead. . it goes right where you need it, relieving allergy eyes in minutes. get visine-a. the most complete allergy eye drop. somewhere in america, a city comes to life. it moves effortlessly, breathes easily. it flows with clean water. it makes its skyline greener and its population healthier. all to become the kind of city people want to live and work in. somewhere in america, we've already answered some of the nation's toughest questions. and the over sixty thousand people of siemens are ready to do it again. siemens. answers. [ airplane engine whines ] [ grunts ] [ dog barking ] gah! [ children shouting ] [ grunts ] [ whacking piñata ] [ whacking piñata, grunting ] 8% every 10 years.age 40, we can start losing muscle -- [ whacking piñata ]

. >>> linkedin is set to make its biggest debut since google at $45 a share today. >>> and finally, every little drop helps. an auction of jailed ponzi scheme bernard madoff's liquor collection fetched $430 for his victims. bottoms up. >>> the canucks battle the sharks and the royals take it into extra innings. your early morning sports headlines are straight ahead. >>> so far this may, we haven't had a lot of tornados or severe storms. that could change this afternoon. your forecast is coming up. you're watching "early today." headlines are straight ahead. >>> good morning. if you're just waking up, this is "early today." >>> and in sports, lebron james came through for the heat last night situating the miami/chicago series with a pair of ones. here's nbc's fred roggin with an early look at all your sports headlines. >>> good morning. after being blown out of game one, the miami heat responded in game two in chicago. pick it up in the bottom of the second. first half, luol threw up a prayer and it was answered. the bulls up seven. heat pulled even in the second off the mad scramble. dwya

mountain view's linkedin. [ applause ] they are happy. company officials rang the opening bell and watched the stocks soar. the share price doubled immediately. first time for company i.p.o. since 2006. right now it's at $105. analysts say it reflects the investor belief that internet company that reflect people with common interest will be highly profitable. a major development underway on the bay bridge as the new suspension plan as caltrans installs a huge device to hold all the cables. they say it's history in the making for the longest anchored self-suspension fan. amy hollyfield has been watching this, since this morning and it has a special name. >> reporter: a cable saddle. think of a saddle like on a horse. fastener. it's holding the cable in place. big deal and the largest one in the world. officials held a press conference to give us a sense of what is happening today. they have animation to show the saddle moving in place on top of the suspension tower. it looks easy in the animation but it is a complicated process. it started

. >>> if you thought there was excitement over linkedin's i po last week, just wait for zynga. it makes games like farmville and mafia wars and now cityville is going to file or an ipo as early as this week. it has a market value on the secondary markets where private shares are traded of more than $9 billion. that's three times what linkedin was valued before it went public and then it doubled in the first day and it's worth about $9 billion right now. zynga isn't commenting but it has about a quarter billion monthly users and there's a lot of excitement over that company. >>> stock market struggling out of the gate once again. durable goods orders fell 3.8% in april. the economy hit another rough patch. the dow now lower by 4, nasdaq up by 5, the s&p lower by a fraction. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> well, a solar power is more than just saving energy. it's changing lives. >> that's right. today, one project is saving a special bay area community center. paul joins us, the president and founder of inco media which is the sister company owned

shares in business networking linkedin have more than doubled on their trading debut. they were priced at $45 each. it was locked at a valuation of more than $11 billion. preparing for the worst, that was the scenario in the uk today, where crews drilled for something similar to the gulf of mexico. they were concerned that safety equipment might not be able to handle harsh conditions offshore. there were more than 400 shallow water wells. there are plans for more. >> on the northernmost fringe of the united kingdom, the islands could not be more remote. look at what is offshore, the tanker. this is the gateway to british oil. they have taken millions from this injury -- industry. this is where the oil is brought ashore. so far, from the shallow north sea. it may come from the deeper atlantic, a far tougher job. an exercise for a nightmare scenario. they are stimulating the chemical dispersant. a few vessels join the rehearsal and case a well blows out. >> if it were to happen, in the u.k., there are various agencies set up to respond to it. >> this is the rest, a blowo

. >>> the web site linkedin's stock rose 109% during its ipo today as investors got their first chance to buy into a major social networking company. linked in closed at $94.25 at its first day of trading on the new york stock exchange. linked in provides an online social network for 100 million business people and professionals. many market analysts say the debut is a preview of ipos of other social networking sites expected during the next year. they include twitter, gamemaker, zynga and cyber space's biggest social network of course, facebook. linked in's strong performance boost the entire market. the nasdaq rose 8 and the s&p 500 added almost three points in trading today. >>> green energy advocates rallying to save a program that helps home owners and businesses install solar panels in san francisco. they carried signs urging them to spare the program. the next year's budget calls for reducing the amount to $3 million. >> we can't afford a 40% cut in this program. it is providing jobs and security for community members in san francisco. and sending a strong message around the wor

linkedin is the first privately held social networking site to go public. it caters to business people and professionals. many analysts see the ipo as a preview of what will happen when twitter and facebook go public. that is expected within the next year. >>> the una bomber ted kaczinski is denying reports that he was responsible for the tylenol murders that rocked the united states 30 years ago and says he will not let the fbi check his dna unless authorities end the online auction of his personal belongings. he claims the belongings may prove he had nothing to do with tylenol laced with cyanide in the early '80s. it killed 7 chicago residents and was the first product tampering case. kaczinski grew up in the chicago area, his bombing attacks some of which coin sided with the tylenol killings killed three people and wounded 33. >>> ray lahood promises to increase the security of the nation's oil and gas pipeline system. congress woman jackie spear invited lahood and the nation's top pipeline safety official to see where 8 people died and 48 homes once sto

i personally am keeping an eye on linkedin but i'm certainly not the only one. the company goes public. the mountain view based professional networking site priced at a huge $45 a share. it's expected to head straight up and that could take other technology stocks up as well. here's where we start dow at 12,560 after gaining 80 yesterday. the s&p 500 and nasdaq also up a bit as well. >>> all right. people across the deep south are watching the water rise this morning. the new danger they now face as flooding concerns continue to grow. >>> san francisco police accused of racial profiling. what the chief says he will do to ease concerns. >>> good morning. if you're driving in the south bay so far it looks great getting up to the valley. we'll tell you more about the morning commute including where it's now becoming slow. ♪ let's go out to the dmv ♪ it's ok that we're number four hundred and three ♪ ♪ we'll find ourselves a comfy seat ♪ ♪ and watch some shows and stuff ♪ ♪ ♪ let's follow that lady with the laptop ♪ [ male announcer ] now you can

linkedin, the business-oriented social network, is closer to an ipo this morning. scott mcgrew, it's been a long time since the ipo. >> it used to be a daily occurrence around here. linked in has raised the price it expects first-time shareholders to pay to $45 as it goes public tomorrow morning. you add all that up and that would make it worth about $4 billion. this despite when you read the fine print linked in is not profitable. now, it's hard to tell how much of this excitement is over the company itself and how much is just sort of an opening act for the eventual ipo of facebook. >>> hey, i have something for you to try this morning, aol's new video chat. you see a screen shot here. it is just absolutely crazy simple. go to the sight. it finds your webcamera automatically and you get a link that you can e-mail your friends. they click on that link and they appear automatically in the video chat, assuming they have a webcam too. it's perfect for dragging in your older parents into their first-time video chat. it's aim.com/av. so aim like the old america online

shares in business networking website, linkedin, have more than doubled on their trading debut in new york, starting at $45 each, the share price hit $108 at one time, and a show not seen as the since thedot com bubble of the '90s. is the first social network side to get a share listing. preparing for the worst -- that was a scenario in the u.k. where emergency crews were seeing if they could cope with a spill similar to the one that filed the gulf of mexico last year. the test was carried out off the coast of scotland and came after concerns safety equipment may not be able to handle the harsh conditions. the area is home to 400 shallow water wells. while deepwater drilling has begun at one side, there are plans for expansion. we have this report. >> on the northern most french of the guided kingdom, the shetland islands cannot be more remote. but look what is offshore -- a tanker -- the gateway to british oil. shetland has earned millions from this industry. a new running track and one of many leisure centers. this is where the oil was brought ashore. so far, from a shallow north se

s fiscal first- quarter profit jumped 74%, easily topping analysts' linkedin down a fraction and that's tonight's market focus. >> suzanne: college students across the country will be graduating this weekend. and they might be relieved to learn many companies plan to hire more entry-level workers this year than last. while the job market is improving, many grads are finding it's still tough to get work. anna olson reports. >> reporter: newly minted american university alum ed levandoski heard the horror stories about grads who were out of work. that's why he's applied for 80 jobs since february. >> there's always still that fear in the back of your mind that you'll be walking across the stage at graduation without any idea what's going on. >> reporter: his hard work paid off when he landed a position at a corporate research firm in virginia. >> i feel very relieved. it's something that's very interesting for me, and i'm looking forward to this realm of work. >> reporter: katherine stahl helped him get that job. she's the director of the career center at american. she says more employers