warren buffett wants to buy a utility. ahedge fund is stand ng the way. now, the billionaire investor ma do somethi he usually don't do. >> bottom of the list, yesterday, we revealed america's for business tonight, the worst. those stories and more tonight on "nightly business report" for wednesday, july 12th. >> good evening and welcome. the world's most recognizable index up te c of the federal reserve said the central bank plans to increase interest rates, but perhaps not as often. janet yellen used the word gradual to describe the pace, a word which she's used before, but today, the lack f the tough talk was enough to send stoc the dow jones industrial average advanced 123 points to 21,532. more on why investors liked what they heard. >> three hours of testimony and down to onee markets were dubbish comment from janet yellen about interest rates. >> because the rate is quite low by historical standards, the federal funds rate would not have to rise the that much further to get to a neutral policy stance. >> that comment had been echoed by the fed gove

conference sprint's chairman and largest shareholder met here in sun valley about an investment with warren buffettdenly met with john malone liberty broad band is the largest investor charter communications, the talks are still preliminary, but could see buffett's berkshire hathaway way put more than $10 billion into a transaction. sprint is under pressure as it faces growing competition from its much bigger rivals at&t which is in the process of buying time warner and verizon which is working to dif wrennuate with its yahoo! and aol acquisitions now renameded oath an infusion of cash would help sprint to better compete it would impact the range of negotiations it's been having. sprint was in merger talks earlier this year with its larger rival, trk mobile, the two companies b tabed those talks in may, so sprint could negotiate with charter and comcast. potentially selling stake or making a deal to allow them to sell sprint's wireless service as part of their cable broad band bun ls. now, with the pending acquisition of time warner raising questions, folks here including discovery ceo have talked

economy warren buffett the eighty six year old founder and c.e.o. of berkshire hathaway is the world's second richest man according to forbes billionaire list with a net worth of seventy six billion dollars he says it's the mega rich as the billionaire they're taking too much and they're causing the rest of the economy to atrophy and die and wither and i guess he should know but what do you think of warren buffett one buffett died five years ago actually his corpse this is a beatles he's kind of like a walking corpse and he's walking down the stairs and he's facing the mare and seeing who he really is and what he's saying is kathleen gifford is really who warren buffett is who has a lot of people in the world who kathleen gifford as he see it well that woman with that act they out comedienne who did the trump head yeah well i'm sorry i think this is a restart you got to keep on going oh ok. well yeah that woman. that's who he really is and. yeah he's holding he's holding the economy head and rationale fire him we should say exit stage left decapitat

the economy to atrophy and die with their and i guess he should know but what do you think of warren buffett one buffett died five years ago actually he says corpses of the beatles he's kind of like you know a walking corpse and he's walking down the stairs and he's facing the mare and seeing who he really is and what he's saying is kathleen gifford is really who warren buffett is. a lot of people in the world don't know kathleen gifford he see it well that woman with that act they out comedienne who did the trial heard oh yeah well i'm sure. this is no restart you got to keep on going oh ok well then yeah that woman. that's who he really is and dear mowlam yeah he's holding he's holding the economy ahead and rush all fire him we should say exit stage left to decapitate the commies holding the bloody head of it and face himself all right well we got to go to the second half this first half is that it's over but we'll be back reborn in the second half so don't go away. here's what people have been saying about rejected and that it was actually just pull on awesome the only show i go out of my

the warren buffett -- lynette warren buffett -- the one that warren buffett is offended by. those things we're actually getting on the table i think hopefully we could negotiate on a bipartisan basis. susan: about three minutes left. >> how would you finance and expansion of health care? we are talking about ways to relieve taxes on the middle-class class people, the way we funded the aca is through higher taxes hit a lot of people. you can hear republicans already attacking democrats for it. because they can't pass a repeal, the threat that your taxes would explode under a single player plan. what mechanism makes the most sense if you're going to expand medicare? rep. yarmouth: i think if you expand medicare what you do is you ask employers in corporate america since you're going to be presumably relieving them of the burden of thousands of dollars per employee, you ask them to pay more taxes. i think most ceos i talked to, unfortunately most of the month -- most ceo's will not talk about this in the record. most would tell you we would gladly pay several thousand dollars p

german masayoshi son held talks with warren buffett and john about investing.print rose 4% in after's trading session details warren buffett could invest as much as $20 billion. we talked about these stories with tom giles and eric newcomer. take a listen. >> this is a company that is losing money. it has slipped to fourth place in the ranking of u.s. wireless companies behind t-mobile. now it has verizon, at&t, and t-mobile ahead of it. it has not gone well. masa has been looking for a partner, looking for a way to work on sprint and make it a better investment, find a merger partner. t-mobile is often mentioned. we have seen t-mobile shares up on the news. this is a way of infusing some capital into the company, giving it more firepower, and maybe making it a more attractive partner for t-mobile. emily: t-mobile and sprint try to merge before and it did not work out as far as regulators were concerned. >> that is right. we do not think the trump administration is going to be real hard on mergers, although the verdict is out on at&t and time warner. emily: let

coming up, sprint is tapping warren buffett and john malone for billions of dollars.l it help turn around the struggling telecom giant? we will discuss. investor revolt at uber continues. some of the first backers are looking to sell their shares. with just a few days until "game of thrones" returns, we are taking a closer look at hbo's standalone streaming service and how it stacks up to the competition. the latest twist in the uber saga. bloomberg has learned shareholders and the board have discussed selling some of their shares to softbank and other potential investors. the deal could include an injection of new money into the ride-hailing startup. it is unclear what valuation the shares would carry or how much softbank or other investors would buy. any private share sale like this would need to be approved by uber's board. for more on this story, we are joined by peter elstrom, cory johnson, and eric newcomer who broke the story and covers uber. how will this work? >> the story is literally developing. benchmark talked about this with softbank pre-resignation of t

reports of a potential investment in warren buffett or sprint.hat story. warren buffett considering the $20 billion investment, also potentially talking to liberty media -- sprint also talking to liberty media as well, now trading by just shy of 4% higher. for now, we will continue to watch that story. scarlet? scarlet: let's turn now to the world of car racing, where the engine might become a thing of card arebecause race going electric. i spoke with a founder and ceo of formula e racing before this week's race. racecars,re proper driven by proper pilots from championships. they go 140 miles per hour in narrow streets in the city, so that is pretty quick. scarlet: extra drama. >> extra drama, but nothing bad. 02 100 and three seconds. about -- 0-100 in three seconds. scarlet: what about the sound? >> they make enough sound to where it is exciting, but [indiscernible] cars need toula e be changed during the race as well, because of the battery power that does not last throughout the race. how does that work? >> the technology is not there yet. at

the reason why sprint would be interested in bringing in money from warren buffett is so it can better compete with at&t and verizon. a huge infusion of cash from warren buffett would make a big difference and really allowing them to add customers without having to worry about the pressure on their bottom line. >> julia, i guess there's several questions here i mean, first of all the idea that sprint is approaching them suggests that it's coming from a place of weakness, not strength. this is not warren buffett swooping in with a deal for a company who he thinks is attractive and undervalued also sounds like the talks were separately held according to "the journal" with buffet and not malone and not sure what form this would take and it's a question of whether there's an injection of capital as a way to say there's a number of suitors, wink, wink, nod, nod to t-mobile this is the first guy to show up at trump tower this is a guy who knows how to work it for his company. >> reporter: yeah. look, sprint is definitely in a position where it's under pressure right now facing competition fr

but first, warren buffett just made a $9 billion for encore will he get it i've got the exclusive, coming up next. so stick with cramer >> don't miss a second of "mad money. follow @jimcramer at twitter tweet cramer at #madtweets send an e-mail at llt 80 a@cnbc.com or give us ca a1-0-743-cnbc miss something head to madmoney.cnbc.com. ♪ [vo] progress is seizing the moment. your summer moment awaits you now that the summer of audi sales event is here. audi will cover your first month's lease payment on select models during the summer of audi sales event. or a little internet machine? [ phone ringing ] hi mom. it makes you wonder... shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. [ laughing ] so all you pay for is data. see how much you can save. choose by the gig or unlimited. call or go to xfinitymobile.com introducing xfinity mobile. a new kind of network designed to save you money. >>> tree months ago i told you how they were trying to buy encore electric, the larg

i am a fuddy-duddy just like warren buffett.k somebody else should have th.atun it's pure old gambling. i'm a top-down investor looking, i might miss the potholes on the street, but i do see the big picture. i prefer to trade commodities i can see and touch and also stocks. i just think we have grown so complacent with ipos and realize that it is buyer beware. i mean, the ipo for a reason, they're raising money for a reason. and so there is a great opportunity to perhaps leveraging and make a ton of money, but there's also a great chance to lose everything. so if that's how you want to play it, go ahead. but most people that trade these things have never live through a real bear market except for a mini rout perhaps. these are speck speculative. they used to be considered goesive investments -- liz: go ahead. >> liz, you and i had the conversation a few months ago about snapchat. there was a big hype about it, but what next? fitbit, same story. >> yep, yep. >> there's a lot of competition in that market, what can they do next? w

now warren buffett recently warned that billionaires are the problem with the u.s. economy are billionaires also the problem in mexico namely the rig model ballistic oleg up a list excess tone john absolutely mexico is one of the most unusual countries in the world in which the whole oligarch you really controls the economy there's a recent study in which demonstrates that you know if you put together all the well . you know four or five richest people in mexico just their financial earnings just their interest in a year could employ at the present minimum wage in mexico three million people without them of course losing a dime from their capital just on their interest and so yes mexico is a shining example of. incredible inequality is being created by this global system there right well it's been estimated that there's approximately twenty trillion dollars in the global economy that's completely stagg. it is just sitting stagnant and bank account to start moving in now if you look at the panama paper's results and look at other studies this is just hoarding you kno

. >>> sprint spiking today on reports that warren buffett could invest in the telecoms giant.ding the market into a frien frenzy >>> hey you, send us a tweet, if it's nice, we might read it later in the show. find out much more "options action" after this what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. see options data like never before. with thinkorswim only at td ameritrade. oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. >>

david: people will pay more money if taxes are too low, what people like warren buffett say? believe the result of this experiment straight ahead. : >> we love this story. a bold proposal gone bad. turns out the people of norway aren't so eager to pay more taxes. country's voluntary tax plan collecting 1325 bucks since june. who knew? >> not much for a country of 5.3 million people. they're accustomed to paying some of the highest taxes in the world. they decided to follow warren buffett's advice say people who want to pay more, the millionaires say we should have higher taxes so they instituted and got about a thousand bucks. >> lo and behold people don't actually want to send more hard-earned money off to the government to waste, fraud and abuse, and people like warren buffett, mark zuckerberg mail in the biggest check you want, mail it in. however much you want. >> people who have ideas that are not based on any kind of economic common sense at all should keep their mouths shut. >> instead they join the democratic party. >> okay! "risk & reward" starts right now.. liz: ant

well those are all liberals jeff bezos warren buffett carlos slim who actually owns the new york times which is somebody nobody something nobody wants to talk about in america we talk about foreign influence in the media and all this russia conspiracy nonsense but carlos slim is a mexican monopolist he actually makes a ton of money through the open borders culture and then he owns the new york times is the largest shareholder owns eighteen percent of it but nobody in america wants to address the foreign ownership of american media and why have much of the news we have in america is fake so again we're kind of circling around the we often hear about from the left a white supremacy this white supremacy that white people were the first people to end slavery slavery is this the never culture in every society slavery has always been around it is that in sub-saharan africa the middle east if the europeans did it the whites did it everybody's done it doesn't excuse it so i do have a grim view of the past of humanity i think that we're improving steven pinker is right there are better angels c

coming up, a possible bidding war between paul singer and warren buffett. bob sheppard -- shapart. manager, later, ubs live from new york and london. this is bloomberg. ♪ ♪ alix: if you are a bond bear, you celebrated last week. two-year treasuries are at a decade high. you can see the additions of short positions in the last week. jason trennert and greg davis still with us. is the best trade in a bond market now? greg: we are favorable in terms of breakeven expectations. we think the fed will be successful in raising inflation in the economy. when you look at breakeven at 175, we think that could move closer to 2% target. that is one area we are favorable on. alix: there is a conversation you will not see action in the long end of the curve, do you agree? greg: i think it is dependent on overall inflation in the marketplace. to the extent the fed continues to push on raising interest rates a little more aggressively than what the market prices in, that will help keep the longer end of the curve anchored. we think that the longer and will have a hard time

warren buffett once said he would be very interested to see how they could drain this cash without causingsruptions. we know it has been distorting the market and housing prices. it would be interesting to see amazon results, they are making a huge push into markets like china. can they make much of a dent when you have got hugely established competitors such as aliba ba ? hugely established competitors such as alibaba? yes, alibaba have about 50% of the market in china, then you have amazon trying to move it. i think they should really leave china alone, it is too big of a battle for that. i think they should focus on india where they have a much better chance, where they are more role less neck and neck. —— more 01’ or less. we also have the latest global economic forecast. attention will be on what imf says about the chinese economy and any possible effect on the uk economy because of brexit talks. the us website webmd is reportedly being sold to a private equity company. the company is estimated to be worth more than $2 billion. according to reuters, negotiations are being made for an

he gives her credit and warren buffett gives her credit all the time. walt: i give her credit, too.lly knew her before they were a couple, when she was just a product manager at microsoft. she was are smart the whole time i knew her. i still met over. charlie: what about -- i still know her. s rlie: what about larry ergei? walt: i do not think he is interested in the day-to-day running of out of it, which is the umbrella company they have google andt covers other things. active ceo of this company. he is not the ceo of google anymore. a very smart, very nice guy who i have high regard for is the ceo of google. and he reports up to larry. but they, you know, look, i knew them before they had the big jets and all that stuff. they, just like gates, just like steve jobs, just like jeff, they had a great idea. in their case, they were, you , and theyneers invented something that was radically better -- the search engine, i am talking about -- radically better than anything else. all the other things they do, android and all the other many things they do, came afterward, but they cracked

. >>> warren buffett says the wealthy should pay more in taxes.iterally putting his money where his mouth is, not in taxes, but giving it away, giving away $3 billion worth of stock to five different charities. that's on top of the billions he has donated over the past decade. part of the giving pledge that he launched with microsoft founder bill gates. the pledge encourages billionaires to donate the majority of their wealth to charity. 170 people have signed up so far. imagine having an extra $3 billion in stock to give away. >> life is rough for warren buffett. >>> and happy amazon prime day. all the sales going on line. >>> the latest on the russia investigation. big news in "the new york times." "early start" continues right now. >>> donald trump jr. was told the russian government was providing damaging information about hillary clinton. a stunning new report this morning from "the new york times" up ahead. >>> and 16 people dead after a marine plane crash in mississippi that left no survivors. the fbi is on site. the latest information is j

it's back and forth gone to the likes of carlos of mexico and warren buffett.st of those years, it has been bill gates' world and now it's jeff bezos. if you think of a half-trillion-dollar company called amazon where the sky seems to be the limit, he could get considerably wealthier than that. we'll take a look at the numbers here. nicole petallides will be watching them closely from her perch in the new york stock exchange. here to break down all the numbers. nicole. >> i'm loving earnings season and loving the way the tech stocks are moving here for this who are bullish on the market. we've seen market highs and jeff bezos moved into that number one spot. over the last year, he has gained about 25 billion in his wealth. and one day alone, he can gain over a billion like he did today. so now moves out bill gates from that top spot and bezos, who started selling books in his garage 22 years ago is now the first man to bump gates from the perch in seven years. you mention buffett and zuckerberg, this are some of the other bigwigs. i will say one of the traders

warren buffett is giving away millions of dollars in stock to charity. >> let's check in with landon dowdy live at cnbc world headquarters this morning. >> reporter: you know it's a good morning. wall street could struggle to gain ground following a mixed session monday. the nasdaq rose for a second straight session led by tech and energy stocks. the dow slipped just slightly. european markets started the day in positive territory but are slipping on the back of lower oil prices. the dow fell five points yesterday and the nasdaq rose 23 to 6176. warren buffett is giving away $3.2 billion in berkshire hathaway stock to five charities including the bill and melinda gates foundation, the 86-year-old, who is number two on the forbes annual list of the world's richest people, has pledged to donate 85% of his berkshire stock to charity. including this year, he has donated $27.5 billion. >>> forget amazon's prime day. how about free food today. 7-eleven is giving away a free small slurpee from 11:00 a.m. to 7:00 p.m. starting tomorrow they kick off slurpee week. buy seven slurpees through t

warren buffett is giving away $3.2 billion in berkshire hathaway stock to five charities including thel and melinda gates foundation. the 86-year-old, number two on the forbes list of richest people has pledged to donate 85% of his berkshire stock to charity. including this year he has donated $27.5 billion. >>> forget amazon's prime day, how about free food? 7-eleven is giving away a free small slurpee from 11:00 to 7:00 p.m. to mark the company's 90th birthday. if you buy seven slurpees through the mobile app you'll get coupons for 11 more for free. >> goodness. my kids will be all over that. >> our coworkers will love that. they'll start rounding up slurpees. >> a lot of cupholders. >>> photographer in north carolina capturing stunning images off the coast of north carolina. that's actually a waterspout that formed in kill devil hills yesterday morning. no doubt that scared a lot of people as the photographer was at the beach with her children when the spout formed. the area at the time was under a tornado warning. when the waterspout formed. so far there is no word on any damage in

of lawyer for a texas power utility has told elliott management about his attempts to out and warren buffettkshire hathaway offered $9 ncor.on cash for o elliott is pushing for more time to put a deal in place. the two sides will be back in court to this month. indian inflation fell in june to its lowest ever, adding pressure on the reserve bank of india to cut interest banks when it meets next month. let's look at at the prospects of that with mizuho bank. markets are underestimating a case for a halt. they can cut interest rates. they can do that because the inflation environment is so benign, but how much difference does monetary policy make in india given where it is compared to more developed countries? also, does it help corporate india and not consumer india? >> i think that is a good point you make. monetary policy at the margin will help given that corporate debt levels are high, and also will help where the r.b.i. policy is trying to extend the reach of the banking sector to consumer india as well. so on those two fronts it ought to help, but the banking sector has an issue where t

. >>> sprint shares spiked 5% today on reports that the company's chairman met with warren buffett aboutotential investment that news sent the opgs market into a frenzy. call svolume was eight times tha of puts. dan played the stock in march. >> we can uoptions to maybe construct a trade strategy and give you lit m room on the downside you could look down to january 2018 and sell to about 80 cents and use that to buy the january ten, 15 call spread for 80 cents like i said, cost you nothing. >> all right, dan, now what? >> so, the most important thing about this trade is that you are naked short a put. there's no risk in owning that upside call, so at this point, you know, the stock is about the same spot. selling premium to the downside kept you in the game here. i think the news here sbresing the idea that buffett would take a stake, i'm not sure that would send up the stock, he's likely to get it at a discount, so you want to manage the put strike. this trade was originally conceived because of the notion of take out and there would be a premium. so to me, it's two different pieces >>

warren buffett's berkshire hathaway energy units has agreed to buy texas'largest energy utilizer.y invite in equity value of about $1.25 billion for 100% of the company. the takeover is key to ending the bankruptcy for energy future holdings. it's part of the biggest leveraged buyout in history. samsung electronics has topped analyst estimates with its best operating profit, income rose $12 billion at the end of june, that's as local demand for semiconductors remains strong and the newest galaxy smartphone one over customers. that is your bloomberg business flash. thank you very much. the world leaders are gathering in hamburg for the most anticipated and eventually the most turbulent meeting in years. the hostess, angela merkel, will problemsg to avoid the that happened at the g7 in may. matt miller is on the ground. matt, good to see you this morning. this is a big meeting for trump and put in. what can we expect there? that's the question that everyone is asking. how will this play out for president trump? howlett play out for president putin? will president trump confront pres

warren buffett is giving away $3.2 billion in berkshire hathaway stock.86-year-old number two on forbes annual list of richest people has pledged to donate 85% of berkshire stocks to charity, including this year he has donated $27 and a half billion. two big chains offering free food today. >> yes. chick filet. this one is hard to turn down. you appreciation day at chick filet. free entrees and kids meals until 7:00 p.m., but there's a catch here. you have to dress up in you attire. meanwhile 711 giving away to mark the company's 90th birthday. if you buy seven slur . >>> they could struggle to gain ground. following a mixed session on monday. nasdaq rose for second straight session. dow flipped just slightly. european market haves started the day in positive territory. pulling back a bit as oil prices dip lower. back over to you. >> see what happens today. landon dowdy, thanks. >>> warm and muggy start. potentially stormy afternoon. that's a live view from poconos. just a few scattered clouds there at 5:26. at the shore, see some scattered clouds there t

two corporate heavy weighte "wall str says the telecom company met with billionaire investor warren buffett and separately with john malone regarding a potential the details are unknown, but the report noted that buffett could put mo into a transaction. bloomberg also reported buffett is considering vesting as much as $20 billion in shares jumped to $8.55. >>> anthem is suing therapeutics for alleging the drug maker lied about patient's diagnosis so it could receive reimbursements. they said the scheme cost them more than $19 million in p payouts. they have been und ongoing investigations for sales and market prakties. anthem shares were up a penny while shares fell 5% to 12.15. >>> astrazeneca has remained tight lipped on a report that said the ceo was planning to stay in his role at the company for the foreseeable future. this news contrasts with earlier reports that the chief xhexecut inteva. astrazeneca rose more than 4%. shares of teva down roughly 4% at 31.90. and shares of a ten networks fell after the company shook investor last night with its preliminary result. weaker performance

investing has slew of benefits for the investing public and has been advocating by managers an warren buffett himself for years, but could there be unintended consequences down the line because of it? time will . for "nightly business report", i'm dominic chu. >> to the economy now where american businesses did not create as many jobs last month as expecteded. the adp private payroll report for june showed an increase of 158,000 new positions. expectations were for 185,000. maybe they trans posed those numbers. just kidding. economists consider the report to be another sign that the economy is getting closer to full employment. the government reltv steel es its monthly employment report tomorrow. >>> services sector expanded at a healthy pace last month. a sign the economy is gaining after a lackluster start to the year. the institute for supply management cited a pick up in business activity and new orders. service providers include everything from accounting to health care. >>> the federal reserve is calling for an overhaul of the housing finance system. joerm pal said the current system is

everybody wants to play like warren buffett. >> fifitbit.lot of people are doing the same thing including apple. >> that's it for forbes on fox. thank you for watching and have a magnificent fourth of july. keep it right here. the number one business continues with eric in cashing in. >> hundreds of thousands of people will die if this bill passes. eric: thousands of people will die, i wish i didn't have to say a prayer this is not me. this is study after study making this point. it is common sense. >> the bill is devastating. >> these cuts are blood money. people will die. eric: getting pretty deep in the democrats concluding the main pieces of my book by proving they will go to any lengths to protect their sacred cow, obamacare, and as you get ready to celebrate independence day, the6wñ?ñ? swamp

. >> still ahead, why small caps could delive >>> warren buffett's berkshire hathaway way is buying 700 million shares in bank of america. that makes him the largest shareholder in that bank. berkshire plans to convert the purchase into common shares. it gives the holder the right, but not the obligation, to buy a security at a certain price and quantity at future time. also the top shareholder of wells fargo. >>> cara therapeutics tanks. that's where we begin the market focus. they cut the rating on the stock today to neutral from buy. saying the results from the company's pain medication study were disappointing. the trial showed that patients who were treated with the tested drug at lower doses did not experience significant reductions in joint pain. shares of the small cap plunged to nearly 40% to 15.39. not a good day there. real estate investment trust parkway properties will be bought by canada pension plan for more than a million dollars. canada's largest public pension fund said the deal compliments its long-term real estate strategy. parkway properties up 12% to 22.89 and e*tr

when warren buffett is offended by. those things we're actually getting on the table i think hopefully we could negotiate on a bipartisan basis. >> how would you finance and expansion of health care? we are talking about ways to relieve taxes on the middle-class class people, the way we funded the aca is through higher taxes hit a lot of people. that is something, you can hear republicans are ready attacking democrats for, because they can't pass a repeal, the threat that your taxes would explode under a single player plan. what mechanism makes the most sense? >> i think if you expand medicare what you do is you asked employers in corporate america since you're going to be presumably relieving them of the burden of thousands of dollars per employee, you asked them to pay more taxes. to,ink most ceos i talked unfortunately most of the month sam the record right now, but most would tell you we would gladly pay several thousand to put thememployee and all of our people on medicare. i think what you will see in the next pro

that is what a lawyer told management about attempts to outbid warren buffett.re offered $9 billion cash for oncor. however, elliott is pushing for more time to put a deal in place. they will be back in court later this month. braziliane former president lula da silva has been sentenced to nine and a half years in jail for grafton money laundering. carwashs a sweeping corruption investigation. let's get to our economy and government editor who joins us live from brazil. it great to have you. a mentioned how big of setback of this is for that 2018 run. tell us the latest. what does it mean for him? >> this is bad news for his chances of reelection in 2018. if this sentence is upheld on appeal, he will be ineligible to run. at the moment he has a chance. but it is looking increasingly slim. he had a solid core of support. many protesters out on the street. they were demonstrating against the decision. for many brazilians, who might be more on the fence, this conviction is the last nail in -- nail infor lula's the coffin for lula's credibility. betty: what does thi

warren buffett said to be trying texas,ties takeover in where arab energy have already failed.re hathaway unit nearing a deal to buy energy future holdings, encore, the largest transmission operator. some of the third to face texas regulators are utilities. -- utilities they have highly guarded. equity partners nearing a deal to split up health and education consultants advisory board. would -- vista would buy the education business. they were closing at their highest since december, 2015. harm: betty: plenty more to come -- betty: plenty more to come, asia's first market open moments away. yvonne: a busy, busy day in the markets. earnings reflected here in a samsung, as well. >> markets looking skittish. a central banks amp up the hawkish rhetoric. futures looking slightly lower across the region. for the global lot -- global bonds selloff. samsung, after reporting a record quarterly profit of $12 billion for the quarter, topping analyst estimates. we watching for reaction to the latest results, missing estimates, a 22% drop in income. after news itca, is teaming up to buy a 5

haidi: warren buffett said to be trying for a utility takeover in taxes -- texas.it is cor, makinge of on berkshire the third company facing regulators. rishaad: united health group and this that equity partners attempting to acquire an advisory board, saying united health would acquire advisory boards health care division and education business. advisory board is based in washington. them jumping on her report, closing at the highest level since december of 2015. 40% ofsoundcloud cutting its staff and a cost-cutting move that will help it compete with spotify and apple. the digital service warned it was at risk of running out of money and is now being -- willng staff that they close offices in san francisco and london with operations consolidated in berlin and new york. soundcloud claims about 170 million regular listeners. for what somerg are saying could be one of the most contentious if not the contentious g-20 meeting ever held. divisions on climate change, antipathy violent among protesters on the streets. peter mandelson. thank you for joining us. >> pleasur

at the end of the day warren buffett has said in the long run the stock market is a weight machine andyou've got to come through with your earnings, your profits and your sales just because they are american people are not going to overlook the necessary fundamentals in order to stay invested in this companies. and they want to see that. tax reform is critical. if they can rebuild the political capital if they can get people unfocused from those tweets and back on to what they're doing right that may help build the political momentum and bring in the next -- much-needed tax reform. >> we need more revenue. we have to somehow get the economy simulated. we are not to raise any taxes and we want to reduce taxes. the only way to do that is to offer the better business environment. in the crowd are a lot of ceos. this is certainly a patriotic display of great products. how do they move forward in not looking obstructionist on every single thing. i know they haven't even played a role in the health care draft. they are asked to. what will they compromise on. i had been amazed. they really wo

caroline: and warren buffett, you cannot take that away from him, he is a long-term investor.ee investment-winning companies. dallas -- $91 billion is worth is what jeff bezos is worth -- $91 billion is what you pesos is worth -- $91 billion is what jeff bezos is worth it mark: thank you so much. vonnie? vonnie: time for our quick takes where we provide context and background issues of interest. the u.s. stock market plundered and interest of traders yelling and an image is now a memory because computers are doing most of the trading. american equities change hands on 50 markets. microsecond reaction times have lowered costs and given an advantage to trading firms trying to proceed all increasing the risk of errors that paralyze trading and shake investor confidence. here is a situation. the new situation is when everyone is fast, there is less profit to be made, but despite critics, traders face the challenges and less turbulent markets with low trading volume. market makers in u.s. stocks and $1.1 billion in revenue in 2016 compared with $7.2 billion back in 2009. it forced

warren buffett is there. really looking for that next diamond in the rough. he is in the gem estate to tell us about the next made sure merger. the power couple heading to sun valley that could hold the key to that deal. potsch: you each drive a ford pickup, right? (in unison) russ, leland, gary: yes. gary: i have a ford f-150. michael: i've always been a ford guy. potsch: then i have a real treat for you today. michael: awesome. potsch: i'm going to show you a next generation pickup. michael: let's do this. potsch: this new truck now has a cornerstep built right into the bumper. gary: super cool. potsch: the bed is made of high-strength steel, which is less susceptible to punctures than aluminum. jim: aluminum is great for a lot of things, but maybe not the bed of a truck. potsch: and best of all, this new truck is actually- gary: (all laughing) oh my... potsch: the current chevy silverado. gary: i'm speechless. gary: this puts my ford truck to shame. james: i'll tell you, i might be a chevy guy now. (laughing) >> do you see the power couple descending upon

owns about $30 million worth of shares with kraft-heinz. >> i'm going to stop you there warren buffett't like hostiles, he likes to go where he's welcome wouldn't he be against a hostile in his nature? >> that's right. we have addressed that in the note the issue here is that hostile is when you go directly to the shareholders and ask them to vote on a transaction. we think there would be room here to negotiate. at the end of the day, shareholders would be looking at 50% return year-to-date. unilever has taken some actions in terms of share buybacks >> so bring that to a purge share price. you think there's going to be potentially a hostile that happens. how much will i get per share? >> first of all, you have the euro share, and you have the pound shares so you have to take a 20% premium to wherever the share price is right now but in dollar terms, it's a $200 billion deal >> so $90 per share? >> that's what you would be getting. that's a 20% premium >> would that bring unilever to the table? >> from our point of view it will at the end of the day, we think that unilever, there's a go

monday year she's been built with warren buffett of berkshire hathaway inc.hat cable mogul john malone with the carter communications. the meeting possibly about investing in spring. the talks are preliminary. all of this according to the journal report. since comcast has been in exclusive talks about an agreement that would allow them to reach a wireless service under their own cable brand, merger talks with t-mobile. >> that could be a major deal. cheryl: sprint with regard to prior during gamble. >> investor with the plans with 3.3 of alien p&g stock. the move would make p&g with the market rally of 22 billion the largest company to face a proxy. it would mark a new milestone with the biggest u.s. companies in recent years after five months of discussions when they reject the demand for trained to name the director last week. lea: let's talk about movies for a second and tv shows. reporter: most people were up late watching "game of thrones." hbo's website was no match for the "game of thrones" fans last night. hbo's website crashed during the seventh seas

it is an approach endorsed by warren buffett.re than one third of all assets in the u.s. are in passive funds. 2017, flowslf of into passive it reached nearly $500 billion. vanguard group created the first index for retail investors and have seen winners, as has blackrock. for companies that specialize in active management, they are slimming down. others are emerging or even closing passive investments. here is the background. active investing often means putting money into mutual funds as managers make case-by-case decisions. passive investments track investments which are groups that are alike in some ways. funds chargee higher fees, their actual performance will generally be worse than the index counterpart. here are the arguments. a study by the s&p dow jones some actived managers failed to beat sales. in their defense, active managers say the period since the 2008 financial crisis has been abnormal, with many stocks moving in lockstep. they say this is likely to decline as the economy moves into an environment that will stoc

we saw the likes of warren buffett cutting his stakes in ibm.re more investors not willing to wait for this turnaround? even though, as you say, it is coming. reporter: one of the things we look into is that when you look at the growth story, i think everybody understands it will take time for growth to come back. is mores margin story interesting. last quarter we saw decline in almost every division. they have slightly exceeded analyst estimates on gross margins, but the question is, do we get rebound in profitability in the second half as the investments pay off? that is the big message. not so much focusing on the top line. we know it will take a few quarters for that to reverse itself. caroline: where do you stand on forecasts? they need in that the second half to have one of the highest earnings second halves in the last 20 years for ibm, if they are going to make the company's forecast. has they managed to reassess where they might meet that? one, they haveis maintained guidance for the full call,n the conference which should have started

warren buffett said recently that he could predict anybody who was a good speaker, logically present an argument into it to a crowd and urged people to learn to speak publicly. he will make 50% more in your lifetime than you will if you can't do that. worked for me. >> i guess it did. lord knows what i could have done if i was able to write. it is important, both of those things. what you are saying is important because of that dislocation of the job market. you don't know what you're going to be doing 20 years from now. a basic grounding in moral thought, humanities and social sciences because the critical thing is you be adaptive, that you can adapt your self to a changing environment in the workplace. >> guest: i would like to read something from one of john kennedy's speeches that i think could not be more valid or relevant to today's situation. someone new to the job, but not new to what the proper objective of education, learning, civilized society should be. i look forward to in america which would reward achievement in the arts as we reward achievement in business or statecra