Hi, I'm Carl Azuz. This is your Friday edition of CNN Student News. Most of you watching this are probably in school. Most students in the Philippines are not. Yesterday, there was a storm bearing down on the country and it was a monster. Possibly one of the strongest ever, typhoon Haiyan. The Philippines is an archipelago, a group of islands, more than 7000 of them. This storm is so big. Its clouds are effecting 2/3 of the country. A typhoon is the same kind of storm as the hurricane. On Thursday, Haiyan was the strong as the category 5 hurricane. It was still that strong when it made landfall today. Before it hit, Andrea Stevens was reporting on what the Philippines was expecting and how it was preparing.
We're expecting dusts of up to 300 kilometers an hour. That's almost 200 miles an hour. Plus, a big storm surge and heavy, heavy rain. Authorities have been taking measures to get people to safe ground, not only the low line
coastal1 areas but also in the hills where there's a danger of
landslides2.
Is this legit? An IPO is the first time a company sells its stock to the public? It's true. IPO stands for initial public offering. Specifically offering shares of a company stock.
A popular social media service launched its IPO this week. Twitter, the initial offer went pretty well. On Thursday, more than 130 million shares of Twitter were bought or sold on the stock market. The stock price at the end of the day puts company value at around 24 billion dollars. Now, Twitter has to show potential buyers that is worth that investment.
"I am making history here as the first president to live tweet."
"This movement that was started on Facebook and Twitter that then took on the life of its own."
"People that I work with do not shut up about Twitter."
"It's the most
high-tech3 IPO since Facebook. Twitter began trading here at the New York Stock Exchange instead of NASDAQ after Facebook's famous though there."
"The messy
debut4 played by a technical difficulties but today call it about face as Mark Zuckerberg and friends celebrate shares near record highs. But Twitter's financial aren't as strong. The company is losing money, unlike Facebook which is already earning a billion dollars a year when it went public. Facebook also has 900 million users. Twitter has far fewer."
"Hard to get that half billion. How to get to a billion? And I think ultimately, we believe that story but I think that's going to be the biggest challenge."
"A challenge Twitter insists it can overcome."
"We've seen tremendous organic growth in our users, particularly internationally;"
"And when it comes to social media, it pays to be popular."
"So far, advertisers are flowing in and are buying mobile aids. That's the holy grail. Twitter gets 70% of its total ad revenue from mobile. Facebook only 3% when it went public but can Twitter keep the
momentum6 going?"
"Twitter has to prove the value of the platform because if they are gonna ask people to come and spend money on the site and they are asking company should come and buy ads on Twitter. They need to show that money is well spent."
"Some are optimistic that there is big money to be made. 140 characters at a time."
"We don't think it's actually a question of well that make money. It isn't if or when they make money question."
Next up today,
partially7 hydrogenated oils and you might now know exactly what those are but chances are you've eaten them. They are major sources of transfats or transfatty acids. They are used to increase flavor in some foods or help the foods last longer but the food and drug administration, the FDA says those partially hydrogenated oils are no longer recognized as safe.
"Transfats are bad for several reasons. They raise your bad
cholesterol8 and they lower your good cholesterol. So, that`s why the FDA says that getting them out could prevent 20,000 heart attacks and 7,000 deaths each year. Now, transfats are
relatively9 common in products such as donuts and biscuits and cookies. And some restaurants also fry in oil that contains transfats. Now, many restaurants over the years have stopped using transfats, McDonalds and other restaurants. And now the FDA is saying, that they are taking the first step so that no one would be able to use transfats."
The Grocery Manufacturers Association says that since 2005, food companies have voluntarily cut more than 73% of transfats out of their products. A new FDA policy could remove them
entirely10. But this is still very early. It has to
finalize11 the decision and to get
input12 from food companies about how long it would take to phase out all these transfats. Right now, there is no timetable.