five years ago, berkshire worked with mars in a $23 billion acquisition of wrigley. and just last year, berkshire was part of an unsuccessful $10 billion bid by coty to buy avon. but new york university business professor aswath damodaran says this deal is all about the experience 3g's team brings to the table. >> the one thing they have going for them is, they've run other companies very well in brazil for a long time. and these are people with a long history in consumer products. >> reporter: others say 3g, like buffett, is in it for the long- haul. >> 3g likes to hold its investments for the long-term, so it doesn't look to, like, buy then sell in a few years like a lot of private equity firms. >> reporter: 3g is run by jorge paulo lemann. he and buffett both served on the board of gillette. 3g capital snapped up burger king two years ago. the fast food chain has been aggressively overseas. analysts say we could see more well-established u.s. brands look to do deals with partners in fast-growing emerging markets as a way to spark growth. ruben ramirez, "n.b.r.," n

why is it just berkshire? >> i've studied buffett and berkshire probably more closely than any other person or company ever and i still am surprised when we announces a deal so i just think it's sort of hard to figure out what he's going to buy next. >> he averages almost two years, burlington was '09. here we are in '13, not like the guy is going to run out next week and do another monster. >> as a berkshire shareholder, he put $10 to work in lubrisol, and if he can do one good sized deal like that every year, that's a good year for him i thin think. $1 billion is pouring every month into omaha, he's putting ka shall to work. >> people aren't talking about a massive food on food and inflation. chicken wings are up 70% to date and if you believe that, what arement of so the derivative plays, should we look at the ag chemical companies? >> i don't know. i love the high quality businesses, proctor & gamble is sort of the one i'd be tempted to look at next because of the activism and the opportunity to cut costs

this is not your father's berkshire.for 50 cents on the dollar, buy pieces of them in the stock market. now he's buying controlling interests, and to do that you have to pay top dollar, so his hope is that 50 years from now that dollar that he's paid is worth a lot more and with a franchise like heinz and with guys like the 3g guys there, they've done a terrific job with burger king already, i think he has a lot of confidence that that will happen. >> is there a string we can use to eye his most recent purchases thematically, i'm thinking about rails, food, newspapers, i mean they're all u.s.-based but a lot of them have exposure to international markets, some have tried to argue they're a play on a long-term view regarding inflation. what do you make of those? >> well, remember, maybe five, six, seven, eight years ago he really looked like he wanted to do something internationally. he traveled to europe. he bought these really -- >> cars. >> there was a lot of expectation he was going to focus internationally and since

we have this berkshire transaction plus amr.ome back and hopefully talk to you in the very near future. >> thank you. >> coming up, what are money managers doing to make clients money right now? we'll ask cnbc contributor rich bernstein and portfolio manager ed keon coming up next. plus love is in the air. mega merger is the story of the day. how the deal between us airways and american airlines could reshape business in the skies. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> welcome back to "squawk box" here on cnbc, first in business worldwide, i'm joe kernen along with beckdy quick and andrew ross sorkin. jack welch is with us on the set. he's the founder of the jack welch management institute at strayer university. he used to run, w

warren buffett's company, berkshire hathaway, buying time out right here. they called it at 7250. >> yes, they just think it's a great product. he said he was absolutely going to be in for the long term. liz: it's not a classic equity deal where they shine it up. david: we just saw whole foods getting kicked today about 10%. >> that is not good news. david: as you can see, we have very big movements. do not be fooled when we see the dow jones down, the s&p 500 is up a little bit. less than a 10th of a percentage point, nasdaq, the biggest mover is the rest of 2000. it is the individual stocks, we have seen some big movements by individual stocks and we will be talking about coming up. liz: did you see the coal industry sector? lots of natural resources after the fourth-quarter earnings. all gaining more than 4%, 13 full percentage point. david: when you see that it is settling at the lowest level in six months, that is what gives people a lot of concern. it is just about at the 200 day moving average. a lot of gold traders and a stronger dollar. it led to t

breaking news on berkshire hathaway. >> we're getting a 13-f filing from berkshire hathaway, big newse of the stakes the company add the in your case fourth quarter of last year. archer daniels midland, a commodity company. also a new stake in veria sign, $3.7 million. on the stakes increased, berkshire doubled and added 10 million shares, now owns 25 million shares in gm as of the end of fourth quarter. also increasing in directv by 4.5 million shares. increasing precision cast parts also in oil well varko, 1.1 million share increase to 5.3 million shares overall for that stock. but we should note here, maria, these are not really buffett-sized moves. all the stock purchases we did see in the fourth quarter were under $200 million. so likely these decisions were made by portfolio managers and not by buffett himself when he buys he usually buys in the range of about $1 billion of stock or more. maria? >> all right, kayla, thank you so much. >>> europe, business spending, consumer sentiment. some of the things on our watch list for today's market panel. each of whom have 30 seconds on

berkshire's menu of companies, an s.e.c. filing shows he bought news stakes in adm and as well as holds in u.p.s. gm directv, amex and verisign. what's happening to that portfolio today, general motors and directv are the fallers and archer daniels and verisign are the gainers. george soros is out of tech and loaded hi position in the spider gold trust. paulson also saw his stakes, though, in etna and alpha natural. he's signaling he's really to start help put the company in play. the move puts him in direct competition with blackman. the two famously fought on cnbc last month when icahn called ackman a major lose r. korean airlines says it may bid for a 44% stake in czech airlines. a spoke person said it's conducting due diligence, but hasn't decided whether to do the deal alone or deal with a consortium. they're looking to sell the struggling airline over the next few months, probably in april or may. >>> still to come on the program, while the u.s. has seen anl n&a frenzy, what does it deal look like? analysis from hong k

we have berkshire-hathaway, warren buffett's group, buying heinz, the a-m-r u.s. airways deal. what does this mean for wall street? > > i think it is really good. i think it points toward some bullishness in the market, and some bullishness in the m&a market, which is good for everybody. i think that you could see a real pickup in m&a activity toward the end of q1 and into q2, which is bullish the s&ps and dow for sure. > thank you mark. have a good trading day. > > thank you. the merger of american airlines with u.s. airways is the 5th large airline merger since 2001. our cover story takes a look at who wins on the business side and whether consolidation of two more large carriers is good for consumers. american airlines keeps its name, but analysts say it'll be u.s. airways management in charge with increased collaboration from employee labor groups. "i'm hopeful and optimistic they'll include labor, whereas american did everything to exclude labor from their business practices." both airlines have been flying in different directions. since november, 2011, american, operating

heinz right before the announcement was made from berkshire hathaway.: that didn't take long for them to bust somebody. david: this is not an investigation. this is an actual lawsuit that has been filed. liz: shares of burger king, let's get to that. getting quite a boost. let's head to nicole on the new york stock exchange. nicole, take a bite. >> burger king doing very well today, liz and dave. we saw the stock up 5%. coming out with numbers. they're doing just fine in europe they say. they're trying to compete with wendy's and mcdonald's and get back to the number two spot right behind mcdonald's. they recorded a sharp drop in expenses they have seen, because of foreign currency headwinds they have been facing. i can't leave out they will announce they will hit the coffee realm, right? lattes, iced coffee, et cetera. so they are really getting in that coffee realm where obviously margins are very steep. that is good for them. back to you. liz: thank you, nicole. david: well the s&p futures are closing right now. let's head back down to the cme pits w

and jetblue one of the main factors and berkshire hathaway, warren buffett, berkshire hathaway, the balancehe expansion abroad and the emerging markets, great brand and great product according to warren buffett and you will hear more right out of warren buffett's mouth, talking to ms. claimant in the 3:00 p.m. show, be sure to watch a key interview on a day when you are talking about a deal, $28 billion. back to you guys. cheryl: despite the news on jobless claims, markets are still in the red. dennis: our next guest says wall street will stay on this positive half suggesting the dow and the s&p could reach an all-time high in the next few months. joining us is president james lebenthol, thanks for joining us. every time we see another five year high in the dow or s&p, instantly the worrywarts come out and say we are too high, why not go higher? >> the s&p 500 is not too far off of where it was 13 years ago. and the underlying company's more than doubled. stocks were overvalued 13 years ago but they are undervalued now. tracy: will hit in the next month or two, do we fall into that? >> not

brian schactman has the details of berkshire hathaway's big purchase and phil lebeau is covering the purchase of usairlines and american. >> reporter: a quick recap here for you. berkshire hathaway and brazilian investment firm 3g buying heinz in a $28 billion deal when you roll in the debt. 3g will own half the company and run t.buffet gets the other half. he put in a little more equity, but will draw a dividend. classic buffet move, right? owns a great brand and gets income from it as well. when you look at the brands, you wonder why buffet didn't already run it, oreida and cherry coke, goes really well. nelson peltz sold off a lot of heinz last year and will get profit off this deal as well. the question many are asking whether this will spark more deals in the food space. you never know, but a lot of insiders told me today because of buffet and the brazilians this may seem special. talking about special ones. how about the deal that created the largest airline in the world. phil lebeau, of course, it's all over that one. hey, phil. >> hey, brian. you know, we've been talking abou

heinz acquisition by berkshire hathaway and 3g is the biggest deal ever. it is at 72.39.e percentage gain for heinz. that is almost 20% gain. that is a exact premium we're seeing for this deal. and of course the stock here now with this big move hitting an annual high. so warren buffett talking very postively about this move. he is hot on heinz. back to you. tracy: thanks, nicole. we'll see you in 15 minutes. ashley: as nicole was talking about berkshire hathaway's takeover of heinz won't be warren buffett's first venture into the food business. he previously owned a chunk of kraft shares but cut his stake in 2010 after it took over british candy company cadbury which buffett called, dumb, unquote. in 2008 berkshire hathaway along with goldman sachs and jpmorgan provided financing for mars acquisition of wrigley. you can remember back then, berkshire hathaway took a minority stake in the wrigley subsidiary. there you go. a little bit of history. for more on today's deal, tune into "countdown to the closing bell" at 3:00 p.m. liz claman will speak to the man himself, warre

but berkshire in adm. >> berk share made some new moves. you have new people making investment decisions there, too, todd and ted. but as for berkshire hathaway, it did take a new state and aerch midland and it increased the stakes in directv, general motors and precision cast parts. >> adm calls itself, what, farmers to the world or something like that. that seems like a pretty good fit for buffett, too. >> it's -- his son used to be on the board. >> there's a group of financial companies to get together with the ecb on a regular basis. and remember last year, the mid year meeting, the one company that hasn't seen any recession was an agricultural company. i think there were 15, 20 companies, only one company -- >> deere raised its guidance earlier this week based on the idea that farming was doing so well. >> and buffett was talking about farmland, as well. >> he owns some, too. >> 14 million times -- why is it 560 million? anyway, now to the national forecast, i have to think without a calculator. or a slide ruler or an abacus. reynolds

arch are half weigh is teaming up with three g capital to buy -- berkshire hathaway is teaming up with three g capital to buy heinz. the mu has to be approved. shareholders expect to close it and the third quarter -- shareholders expect to close it and the third quarter. coming up people and one group are turning their heart ache around and using it as fuel to help themselves. >> some happy couples are tying the knot today. >> a milestone for the redskins today. >> here is a live look outside this noon. >> you're watching abc 7 at noon with scott thuman and cynne simpson. this is abc 7 news at noon. on your side. >> metro is proposing a deal in hopes of bringing the fbi's new headquarters to prince george's county. authorities will vote today whether to make 78 acres of its land available to the bureau. the fbi is looking in virginia and maryland for new states for its headquarters. the washington redskins start working on their new training camp in richmond today. virginia governor mcdonnell and richmond mayor will be there for a groundbreaking service. the richmond city council appro

his berkshire hathaway and private equity firm

. >> berkshire is a company and basically is it a broadway to play the market and extremely inexpensive. >> it is it a champion and some think it is getting long in the tooth. nthis guy warren buffet will live forever. his stock is a miracle of human endevor and i love it to death. love it and love him. >> good to know that you like it a bit. >> spy. i have been so happy about the index picks and i continue to love them and i hope to win and carry it off and saints go marching in my son will keep it, too. >> gary, you like the stock also? >> yes, as long as central bankings are printing trillions a year markets love it it is terrific. >> speaking of love. dave is next on forbes on fox. here's dave. pushing too many kids to go to college? a new report showing half of all worker a four year college diploma have a job that doesn't require a college degree. it is it a explosion in government subsidies to blame. i am dave asbin. welcome to forbes on fox. we'll go in focus with rick and john and elizabeth and steve; steve, are government subsidies a bad thing? >> absolutely, dave. it turned a

berkshire hathaway teaming up with 3g california to scoop up heinz. that's $70.50 a share.fett says money well spent. 80s z a super store whose brands include ketchup, or ride da. weight watchers smart meals. the man who made it says the whet the sage of oracle as appear tight. bill johns, congratulations. >> thank you very much. good to be back. >> you always have the great staple of products and it's no mystery buffett loves food, iconic names and yours was always out there but something got you interested in this. what? >> well they first approached me about six or eight weeks ago and they laid out the beginning of a proposal which then formally sent to us a week or so later. and i think the thing that got my attention was one, i wanted a commitment to keep the business in pittsburgh, which they gave me. i wanted a commitment to be as generous as i could with our employees, and i wanted a commitment we would continue to drive growth on a global basis. they gave us a price i took to the board and the board was compelled to go forward with. i think it's a great deal for ou

the week's wheeling and dealing continued, heinz ketchup sold for $23 billion to warren buffett's berkshire hathaway. shares of anheuser busch, in bev and grupo modelo were higher after inbev changed the $20 million acquisition with the brewer. they were worried about lack of competition. >>> scrapping lithium batteries in a-350s, tiffany & company filed a federal lawsuit against costco thursday claiming it falsely sold diamond engagement rings in their stores under the tiffany name. >>> walmart's british supermarket discovered horse dna in it's beef bolognese sauce. >>> women making strides but still short when it comes to pay. new labor data shows women make 81% compared to their male counter-parts last year. >>> a very happy valentine's of dave and nancy honeywell. they collected a $207 million jackpot, a one-time payment of $136 million. the odds of that win, 1 in 175 million. >>> straight ahead, kangaroos take over a golf tournament and lebron hands kevin a big one just before the all-star break. you're watching early "today." stories that caught our eye this morning. in connecticut, t

." >>> berkshire hathaway is buying the heinz ketchup company for $23 million. >> his plan is to turn the company upside down and then just wait. captioning funded by cbs >>> welcome to "cbs this morning." charlie rose is on assignment, so james brown is with us. >>> this is a live look at the carnival cruise ship "triumph" finally docked in alabama. we'll show you the video and outrage and comments from executives in just a moment. >>> first, astonishment from russia this morning. >> a ten-ton meteor crashed across the sky. it crashed and injured thousands of people. >> it landed in a mountain range near a famous soviet nuclear weapons site. mark phillips is in london this morning. >> good morning. they got an eye opener about 900 miles east of moscow this morning. it was a skyful of biblical proportions, a sky full of fire and brimstone. you've got to see it to appreciate it. this is morning. a cold dawn sky and then this. some of the noise came from sonic booms caused by meteor fragments traveling faster than the speed of sound. but other explosions seem to have come from impact. o

vermont, new hampshire, the berkshires and maine. in fact, we're expect significant snowfall accumulations. also into maine along the coast to boston, it's a very tough call right now. it looks like a mixture of snow and rain and a couple of slushy inches. >> thank you. >>> breaking news in south africa. the judge could decide at any moment whether to give oscar pistorius bail. prosecutors feel he's a flight risk. emma is live there at the court now. emma, good morning. >> reporter: eight nights in a police cell, four days in court. oscar pistorius is about to find out whether he's going to be freed on bail. he cried again in court this morni morning. his family's now waiter for him. for first time friends of reeva steenkamp can come to the court but the family is staying away. >> she can't believe her best friend is gone. she and reeva were room maits. her room is empty now after she went to spend the fateful night at oscar pistorius's house. i can tell you miss her. >> too much. i go through a lot of stages of disbelief because it

to roll high as the iconic ketchup brand sold to $23 billion to warren buffett's berkshi berkshi berkshire's hathaway. >>> shares of grupo modello were higher. federal regulators are worried about lack of competition in the beer market. >>> in the wake of boeing's battery problems, airbus is scrapping the same lithium batteries in its new a-50s. >>> tiffany and company filed a lawsuit against costco thursday claiming it falsely sold diamond engagement rings in its stores under the name. >>> walmart's british supermarket discovered horse dna from its beef bouillonese sauce. >>> women have made huge strives in the workforce. women made only 81% as their male counterparts last year. >>> and it was a very happy valentine for dave and nancy honeywell of fredericksburg, virginia. the lucky company collected $217 million powerball jackpot as a one-time payment of $136 million. the odds of that win, 1 in 175 million. that is a great valentine's day. >>> well, straight ahead, kangaroos take over a golf tournament. and lebron hands kevin a big one just before the all-star break. you're watching "early

last week, berkshire hathaway way. lot of deal flow. what do you think that says about the markets? >> i think it's a measure coffs is going from low levels to less low levels. we know there's a lot of cash out there. and if you don't have cash, you can borrow it, but not everybody can. if you're able to borrow it, it's pretty cheap companies are struggling to grow organically. >> so, bob mcteer, what about that. ben bernanke is testifying before the senate next week. what can he say at this point? what are you expecting from that testimony? >> well, i think he needs a give a pep talk to the fiscal policymakers that there's more than one game that can be played here and fiscal policy's been a wall. i think the really important thing is to start working on the entitlemt programs. it's not so important what happens to discretionary spend right now, but we've got to start doing something to reduce the entitlement spending in the upcoming years. >> everybody says that. this program alone. you've got so many people saying we have got to get to the entitlements, and the sequestration does

last week, warren buffett's berkshire hathaway and 3g capital bought heinz for $23 billion. shares of heinz shot up 20% on the news. the new york times reports the sec is probing insider trading and the possiblity traders bought options and allegedly made $1.7 million on the move. the sec is freezing accounts in switzerland. the report also notes 3g has previously been involved in insider trading cases, including the takeover of burger king. the company had no response to the times' report. xoom lived up to its name in its first public day of trading. xoom opened at 21 dollars and soared 40% as investors hopped on the latest developments in cash-transfer technology. the ipo priced at 16 dollars a share, above the expected 13- to 15-dollar range. xoom trades under its name, ticker symbol "x-o-o-m," on the nasdaq. the chips are down for donald trump's atlantic city casino. trump plaza was recently sold to a california company for $20 million. it's the lowest price ever paid for a casino in the jersey gambling mecca. reports say trump entertianment resorts is $270 million dolla

warren buffett's berkshire hathaway making a splash on wall street. berkshire and private equity firm 3g capital acquire heinz more more than $23 billion. warren buffett spoke to our own liz claman about the deal and the 72.5 share purchase price a short time ago. take a listen. >> how did you pick the price of 72.50 with the 3g guys? >> they did most of the work what to pay. i went along with it and, i was reluctant but i signed up. melissa: there you go. meanwhile the european union's economy contracted the most in four years. the unly sharp drop led to a sharp drop on wall street. blue ships dropped nine points. nasdaq and s&p 500 eked out slight gains with the s&p hitting a fresh five-year high. >>> coming up on "money", the government love affair with solar and wind energy has never been stronger but will it turn the lights out on the nuclear energy industry? ceo of westinghouse electric joins us exclusively. that is coming up next. >>> plus love is filling the air today. making guys they would normally never buy to win women's hearts. if you wan

warren buffett, berkshire hathaway. the 20% premium over wednesday's closing price and holders of june 65 calls a healthy profit. sec's case reportedly building on another insider probe following 3g's buyout of burger king. florida based investor settling charges he received information ahead deal from his former broker. heinz says it hasn't been contacted by sec and calls seeking comment from berk shire and sec have not been returned. >> thank you very much. >>> gold falling below 1600 an ounce. its worst week in sometimes. and there is no love lost between costco and tiffany's. here is courtney reagan. >> that right, sue. little blue book # box takes on the big box retailer. i've got details in the battle over bling coming up. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. great, everybody made it. we all work remote

buffett called in to cnbc and said while berkshire is putting up half the equity for the deal 3g willresponsible for running heinz. >> thanks, courtney. we have some breaking news in connection to that suspicious death of a 94-year-old alexandria man. police say they arrested a woman for burglarizing the home of 94-year-old elmer rohrs back in november. neighbors tell police the home was burglarized a number of times in the past few months. police say the arrest has no connection to last night's death investigation. we'll continue to follow this story throughout the day and on nbcwashington.com. >>> in this week's wednesday's child we meet a young man named kerry with dreams of one day performing surgery. before that he hopes to have a loving family to adopt him. >> this is what we call a human simulator. >> reporter: professor howard striker welcomes 16-year-old cary to experience firsthand the kind of things we'll do some day if, as is his dream, he gets to go to medical school to become a heart surgeon. >> you know what an iv is? >> yeah, that's something that pumps fluids into a p

become difficult to separate nature from berkshire because of these in our mental factors.ther thing that is interesting is music manifests itself in some way different ways. not all composers can blame their instruments very well. and not all instrumentalists compose, and there are for rangers that do not play or compose. you would not say that they are not musical. then you have all of these people who are musical experts, disk jockeys, film supervisors, and they have what we would call musical sensitivity, but it manifests itself in so many different ways, the hunt for a gene is complicated by that. if you are looking for a gene that might give you blond hair, that manifests itself in different ways, but more less is blond hair. musicality is 10 or 12 different things. and to become a great musician requires different personalities. you have to be willing to sit in a room off for hours on end practicing, that kind of willpower, and you have to have a belief in yourself, certainly, for the first few years of musical training, it does not sound very good. you have to belie

his berkshire hathaway and private equity firm

berkshire hathaway has teamed up with an investment group to buy h.j. heinz and the deal is valued at $28 billion the assumption of $4 billion in debt, but first the takeover has to be approved by heinz stakeholders. >>> coming up a young mother with parkinson's disease and the life changing surgery now being respected for more patients, we take you in the o.r. in tonight's health alert. topper? >> very nice. we have sunshine and calm winds, but big changes on the way. we'll show you temperatures. i'd grab a light jacket if you're going out, 48 downtown, 45 in gaithersburg, 48 in leesburg and manassas, 47 in fairfax, 42 in annapolis. we'll come back, talk about a cold front. we're talk >>> breaking news, republicans have temporarily blocked the vote on the nomination of senator chuck hagel as defense secretary. some of his former gop colleagues held up the vote as a way to demand more information from the white house on issues including the september attack on the american consulate in libya. hagel is a former senator and vietnam combat veteran. his nom

his berkshire hathaway and private equity firm 3g capital will acquire heinz for $23 billion. the deal offers shareholders a premium of 20% over the recent stock price of heinz. the merger mania and deals deluxe had little effect on the markets though. the dow did toy with 14,000 again. during the week it stayed in a tight range however. in earning s news, general motos lost and coke and pepsi blew past expectations. ceo john chambers told me europe is still a problem but government system overall was better this quarter. >> we did start to see government, however, around the world start to loosen up the purse strings a little bit. nothing to write home about, but in the u.s. as an example, stay and local government actually grew for us this quarter and federal was not down as much year over year as we've seen in prior quarters. >> and another sign of improvement in the housing market. the number of u.s. homes entering the folk process in january fell to a level not seen since the peak of the housing boom. down 11% from december but all is not well, says housing barren sam zel

. >> berkshire is a company and basically is it a broadway to play the market and extremely inexpensivea champion and some think it is getting long in the tooth. nthis guy warren buffet will live forever. his stock is a miracle of human endevor and i love it to death. love it and love him. >> good to know that you like it a bit. >> spy. i have been so happy about the index picks and i continue to love them and i hope to win and carry it off and saints go marching in my son will keep it, too. >> gary, you like the stock also? >> yes, as long as central bankings are printing trillions a year markets love

. >> new this morning, one buffett's berkshire hathaway, 3 g capital to buy kinds for $28 billion including >> we had good news for the airlines. american airlines and u.s. airways have announced that they will join forces to create the world's largest airline. the new carrier will keep the american airlines named. it will be random by u.s. airways ceo of dell the parkedoug parker, while american airline ceo tom horton will become chairman. this deal has been the work since august when creditors forced american airlines to consider a merger. >> the time now is 7:12 a.m.. we will take a quick break. here is a shot from our mount tam. >> >> happy valentine's day. thank you for waking up with kron 4. now >> it is a foggy start for some of us. the visibility is down for some of us. visibility is have a mile for mountain view. it is 10 mi. for just about everyone else. uses certainly drive with extra caution. we are still above the freezing mark. santa rosa is waking up to 35 degrees is currently 42 and that's-this is the perfect time to be outside to enjoy a picnic. check out the north bay sant

possible insider trading before the $23 billion purchase of heinz last week by warren buffett's berkshire hathaway and brazil's 3g capital. senior business correspondent anthony mason is with us and following the investigation. anthony? i. >> scott we've learned the s.e.c. is looking into a number of trades surrounding the heinz sale, but one trade in particular investigators are calling highly suspicious. the day before the takeover of heinz was announced, an unknown investor bought more than 250,000 options, granting the right to buy heinz stock at $65 a share through june. when the deal was unveiled, the stock jumped to $72 a share and that $90,000 investment made from a swiss-based account soared in value to more than $1.8 million. >> this was substantial trading in a very large block by an account that the s.e.c. alleges had never traded heinz before. >> reporter: michael mann, a former s.e.c. attorney, says the commission was right to file an emergency action to freeze the account. >> as a result, if the person whose account this was wants their profits they're going to need to come

he's picking up the tulsa world, bringing berkshire hathaway's port pot of small and medium size newspapers to 28. and you know tom, it's really surprising because buffett has told shareholders in the past that the newspaper's industries prospects are so bad that he wouldn't buy a paper and here's a quote at any price. but now last year he bought his hometown paper, the omaha world herald, now this deal sounds like maybe a change of heart, right? >> maybe. a media mogul in the making. he began as a paperboy in omaha so he certainly knows well of that industry, and the woes it had over the past several years. speaking of woes, how about the markets today on this monday back to, without. major indes. the major indices suffered their biggest one day decline of the year with traders pointing to a closer than expected election in italy. there was no clear winner of the italian election, fueling worries about political and economic instability. here in the u.s., the s&p 500 saw its morni rizally fezlhit wt the selling picking up ithe final hour of trading. the index finished down 1.8% failing to

again, the mountains, of course, catskills, berkshires, they're going to get two feet of snow. >> looks hammered. appreciate it. >>> college football power houses getting the next batch of blue chip recruits. national signing day. keeps on winning. according to espn, they signed the top class followed by florida, ohio state, noter dale. no big surprises. but ole miss, number five getting the nation's top recruit. robert kendichi. of course, it wouldn't be signing day without drama. the strangest story basically comes from alex collins who committed to arkansas but can't make it official because his mom vanished with his letter of intent. usa today reports that his mother wants him to play closer to home and go to miami. we'll see what happens there. to baseball now, jeb bush is trying to get in on the family business and we're not talking presidential politics. sources tell the "miami herald" that he made a large offer to buy the miami marlins but owner jeffrey lora made it clear he has no plans to sell. bush who served as governor of florida from 1999 to 2007 had reportedly put togethe

berkshire hathaways is buying ketchup maker heinz. condiments may not be enough to satisfy his appetite. he is looking to make more large acquisitions. according to bloomberg data, he could set his sights on 30 companies. they include cereal maker general mills. the u.s. supreme court will hear arguments in a case involving seed giant monsanto. a farmer planted soybeans that was a product of a monsanto seed. monsanto says to buy the seeds every year. this could affect patents on other important technologies. giving somebody another chance at sight. a system was developed by second site medical products that received fda approval. it will not actually restore sight. it would give patients the ability to perceive light and dark. that can help them with daily tasks. such as reading a large sign. i am gigi stone with the bloomberg business report. >> now weather and traffic together on the 1's. >> good morning. we did not expect any snow. bundle up. the wind chill is about 10. we will see plenty of sunshine today. this will be the windies