Friday News Roundup - Domestic

Friday News Roundup - Domestic

Facebook begins trading this morning in one of history’s largest initial public offerings. President Obama meets with congressional leaders to seek common ground on the looming debt ceiling battle; Facebook makes one of history's largest public offerings with a valuation larger than McDonald's and Kraft Foods; the FBI launches a criminal investigation into the $3 billion trading loss at JP Morgan Chase; and minorities surpass whites in U.S. births for the first time. Michael Scherer of TIME magazine, Laura Meckler of The Wall Street Journal and John Harwood of CNBC and The New York Times join guest host Tom Gjelten for analysis of the week's top national news stories.

Facebook begins trading this morning in one of history’s largest initial public offerings. President Obama meets with congressional leaders to seek common ground on the looming debt ceiling battle. The FBI launches a criminal investigation into the $3 billion trading loss at J.P. Morgan Chase. The House of Representatives approves the Violence Against Women Act. Republican presidential candidate Mitt Romney raises $40 million in one month, nearly matching President Obama. And minorities surpass whites in U.S. births for the first time. Michael Scherer of TIME magazine, Laura Meckler of The Wall Street Journal and John Harwood of CNBC and The New York Times join guest host Tom Gjelten for analysis of the week's top national news stories.

Guests

Michael Scherer

White House correspondent, Time magazine.

Laura Meckler

White House correspondent, The Wall Street Journal.

John Harwood

chief Washington correspondent for CNBC; reporter, The New York Times.

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The panelists discuss Facebook's initial public offering, which started trading Friday at 11 a.m. CNBC correspondent John Harwood said the offering was four times as large as Google's when it went public eight years ago. He said it was priced aggressively at $38 per share. TIME magazine correspondent Michael Scherer said Facebook is unique compared to other Internet companies because it can sell targeted audience information to its advertisers.

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