May 15 - JPMorgan CEO Jamie Dimon faces shareholders at the company's annual meeting and Facebook raises its IPO range.
Need. This. From his chairmanship to clock back shareholders getting their first crack at JPMorgan CEO Jamie diamond. The company revealed trading lots of at least two million dollars. JPMorgan holding its annual shareholder meeting in Tampa just days after it -- the company's. Fortress balance sheets. Although over whether to split the roles of chairman and CEO both of which diamond holes right now gathered. Just over 40%. -- and ending the meeting assuring investors that next year JPMorgan will be bigger stronger and better and in Washington may take issue with. The bigger Sheila -- former chairman of the FDIC. Calls for tougher regulations it said the big banks are too big managed. In an interview with -- this morning. If people wanna make. You know do pirates treating your other types of a higher risk -- activities. I really think this should be outside of the insured bank cannot not just supported by insured deposits. A source tells British regulators crafting the final language of double the rule on proprietary trading are meeting on. Tuesday and I expect to discuss how JPMorgan's two billion dollar trading -- may impact their war. -- -- FaceBook. Accident Hamas cannot cause I can. It's. I used FaceBook everyday. I've probably going to at least. Ten times today -- of them for business. Well they're not alone over 900 million people around the world actively -- is that every month. That's not surprising that that CEO Mark Zuckerberg is setting his sights on a 100. Billion dollar valuation for his Harvard dorm rooms start up. It would rival the market caps of Internet giants such as Amazon.com. And exceed that at HP and Dell. Combined. Investor demand for the IPO is high driving the social networks target price range. Up to between 34 and thirty dollars per share expected debut this Friday on the NASDAQ. Can't get your hands on shares -- basement. Now you can just play them back -- where the stock closed on Friday. Injury the online prediction market where investors can wager on everything from who will win American -- to Obama's chances at reelection. Started contract today for bets on where FB shares and on the first day -- trading. And the contracts range in price 45 to sixty dollars that ending price. No triple digit close. All right yes -- that change action role in the market as Greece prepares for a new election. Earlier today US CPI data showed consumer prices remaining flat April as people paid less -- Retail sales for April saw the smallest gain. Since this -- see that right there US crude futures right now are down for us tonight -- dollars a barrel. Gold prices are trying to recover from -- half month low brought on by concerns surrounding. -- Greek elections and US treasury prices are easing off with a ten year yield. Hovering close to one point 7%. Average stocks to watch let's see what -- is markets correspondent Rodrigo camp out on his. -- -- -- shares are up nearly 20% this morning at about fourteen dollars each after the company posted last night its first quarterly profit. The shares are still down significantly from the twenty dollar IPO priced in November and they treated at a certain point above thirty dollars. But the good news for Groupon comes in the week where -- expected to race about twelve billion dollars on their idea. And shares of it on right now are often they are up more than 10%. After Cody withdrew its ten point seven billion dollars takeover bid for the cosmetics company. We're also keeping an eye on shares of Home Depot home deep -- cheers rang out to the downside I'm more than 2% after reporting weaker than expected. Quarterly sales. I felt pretty it and I'm Jen Rogers and his partners.