november 27th, 2012 was when berkshire acquired us. liz: travis s is on the phone. >> we went through several rounds of equity ownership. now we have autonomy. zero debt. the cash we generate, we're able to invest in the business. >> you have this warehouse. it's unbelievable. we shot some video of it. the warehouse is gigantic. you have very much become a part of what has become the chock can the gat center. maybe you can get them to run the warehouse. >> those are two big warehouses. liz: you want him acquiring businesses. i'm now going to reveal something that will be the first time anyone has ever seen this. >> liz, not on this program. liz: that will be tonight for later. we're revealing, at the shareholder meeting, your businesses sell tcohces. they are the 50th anniversary additions of the charlie and warren ducks. this is the -- tell me about this. this is the warren duck. right? >> we prepare party supplies, toys and novelties. every year, we have done a version of the shareholder meeting. this is our third year of berkshire h

secrets from the berkshire managers. along with lawrence author of berkshire and beyond. joining us right now. great to have both of you. lawrence, berkshire and beyond, the enduring value of values. fiftieth anniversary. will this shut down the website? >> you said hundreds of thousands. it might be millions. i think it will be an interesting comparison to see what warren says versus the other man. their styles will be very different. and i think it will be interesting to look back for 50 years and, you know, how you built this company and then look forward about how you sustain this company. liz: robert, i have to say that charlie once said, wall street hates us because they think we're stupid. charlie is one of the smartest guys on the planet. people who love these guys or hate them or are jealous of them. are you more eager to read charlie's part of the letter than warren's? >> yes, because it's unique this year because charlie has never written that kind of letter. he's candid and forthright. i think they'll come to the same conclusion. they'll talk about the culture

they believe in the sense of permanence at berkshire.eve in managerial autonomy and understand how a decentralized is this works. -- business works. while no one has the full set of skills that the war warren buffett has, there is a stable of talented managers at berkshire hathaway from which the board of directors is able to choose a successor at some point. very impressive group of people. the culture warren has built into the business and the culture that the subsidiary is ring to berkshire is designed to last. things like a very long, whole experience. they believe in autonomy and a trust-based culture. these factors are designed to make a corporation last and i think berkshire has the best chance of any company of surviving and a kind classic figure -- iconoclastic figure like one. -- like ward. he calls them the all-stars. they are terrific men and women. i surveyed hundreds of shareholders for the book. i asked for them to nominate three people they thought would be capable of taking over as chief executive. i ended up with 12 peo

the first of his 50th year running berkshire. we're calling it "warren's way."you listen to what he does or watch what he does, you probably make money. >> you know what? it's just anytime people have doubts about the market, you've got to go back and look at warren buffett. it's nuts. i heard you talking to the panel before this. of course warren buffett thinks the market's going to go up. not tomorrow, not next week. but you invest particularly in great american companies, how can you lose? >> $1,000 invested in 1965 when he started is worth $11 mrs. million today. you could have just left it there. >> yeah. liz: got to be alive in 50 years, but we'll be asking warren so many questions. let me know if you've got any. >> i will. i'll e-mail you some, thanks. liz: well, he is one of the biggest names of the barron's round table which is read by the smartest investors. his track record in 2014 saw returns of more than 40% in some of his names he picked. stay tuned to see what scott black is buying this year. and you might like playing their games, but would you p

never sold a share of berkshire my settle never sold a share of coca-cola. to know the suessi pla wren. i ow y sd erere tee oplen anvepeway. >> n in a evelo. i jt jo abothat itisn yo hea no. thirecrs ow. wealk outllheime. >>ut, pck ou gg ab rit ofthe bt. hes 51. he rs beshirhathay ergy he i a mieste guyathe mont wh the bfett fthfu ge ippeup tey s his nme a lo yea welle wodbeterricbut, i wi wri mor abtt inhe anal rort. z: tre iometnghere for at i am su. y ar't y pang a vide? wi youver ay dvide? >> iactuly cer thain t anal rort too. i' prey scific out tt. liz: sometng tells me the heels a we'll do whatever is the mostgi. very simple. liz: there is a lot going n thisount. wee heing tolecons. you have said right ohe bat, hillary llun and hillary will win. do you still feel that way? >> i think probabilities are very high she will run and if she runs she will win. liz: you will support her? >> 100%. liz: jeb bush is centrist guy. he is smart. >> i think he is a fine guy but i'm for hillary. liz: do you think it will be those two against each other? >> i am no bet

that prompted warren buffett and berkshire hathaway to add to their profit. boosted it by 9%. $12.4 billion stake in ibm and also added to a position in charter communications as well. moving on to another interesting one here about conocophillips. they've completely sold out of their small stake in conocophillips. it was about $33 million worth. notably, they've gotten rid of all of their exxonmobil holdings. that was about $41 million shares. about $3.8 billion worth. notable energy trade there. and then here's an interesting one. first of all, 21st century fox, fox "a" is a new position about $166 million worth. but deere is interesting. deere, they have a new $17.1 million share position. that's a billion naf dollar position. what's interesting about this, melissa, is at the end of the second quarter berkshire hathaway reported the small stake. as of the end of the third quarter, it was not mentioned because they filed a private regulatory agreement with the s.e.c. saying that they didn't have to disclose it until they built up the stake. remember, buffet

liz: you can't beat the diamonds offered by one berkshire hathaway. the prices aren't for billionaires, you have to hear about helzberg diamonds. >>> toyota unveiling some of the hottest selling cars over the years. fox business' jeff flock, back, close-up live, closing bell 30 minutes away. the dow less than 40 points away from 18,000. [ male announcer ] we know they're out there. you can't always see them. but it's our job to find them. the answers. the solutions. the innovations. all waiting to help us build something better. something more amazing. a safer, cleaner, brighter future. at boeing, that's what building something better is all about. ♪ at bso this is a great building soopportunity for an upgrade.. sound good? great. because you're not you, you're a whole airline... and it's not a ticket you're upgrading, it's your entire operations, from domestic to international... which means you need help from a whole team of advisors. from workforce strategies to tech solutions and a thousand other things. so you call pwc. the right people to get th

berkshire hathaway instead of trying to mimic his moves months after he made them. if you want bring yourself to to do your own homework save yourself some trouble and keep your money in an index fund. how about byron in oklahoma byron. >> caller: booyah to you from the great state of oklahoma. >> truly great. >> caller: osu country. i was wondering, nike popped about 1.9% today. if you were going to put it together, is it nike or ua? >> put a gun to my head. take the gun away. those are two great stocks. nike is great stocks of all time and underarmor has more risk than nike but if you're younger i think underarmour is the one you want to say i'll key up with it but this guy, he has ambition. let's go to glenn in south carolina, glenn. >> caller: hey jim, a big booyah from the palmetto. >> what's going on. >> they just had monster earnings the other day but guidance was not so spectacular. is it time to unload? >> i felt the same way. i said you know what they're going to tell a good story and they didn't. and you know what that reminds me of fort net. they did the

now, it's pretty easy to do warren buffett net worth, a company called berkshire hathaway. so "forbes" probably isn't too far off on the numbers here. the beginning of 2010 the year for which he reported the income his net worth was about 40 billion. at the end of the year his net worth was about 50 billion. so he had an increase in net worth of only 10 billion. i then went to the bill and melinda gates foundation web site, you know, i didn't want do it, i had people -- i don't have a computer even. but i went to the web site and looked at that, and lo and behold, that year or he gave $1.75 billion to the bill and melinda can gates -- gates foundation. bill and melinda aren't there any longer they've got the spend it in three years. if it's not, they've got to take it away, and i just thought you'd find that humorous. and looked, so that's one -- i didn't go to his son's web site or to his daughter's web site. there are two sons that have foundations that he gives to and i also didn't go the kiss counted -- discounted, to the insurance premiums that are discounted now and i

he tells the ft berkshire communicates all relevant information.said he prefers to talk directly through shareholders through the news letter. >> did you watch the grammys? >> of course i caught the highlights this morning. it started at 11:00 p.m. >> a lot of talk -- >> and taylor swift. we'll get you the looks coming up. it was a star spangled red carpet in los angeles. the grammy awards. the best album award went to a rather unlikely star. we'll bring you the details after this. >>> and welcome everybody to "worldwide exchange" on this monday morning. >> good morning everyone. these are your headlines from around the world. >> we have to start with futures now. u.s. futures pointing to a lower open as greek jitters and european shares lower. prime minister sip russ putting his government on a collision course with europe pushing ahead plans to abolish awe austerity. >> greece is trying to divert attention as they meet in istanbul. washing italian debt is unsustainable. finance ministers called for global reforms to boost growth. >> russian presi

>> a lot of investors in berkshire trust -- a lot of value is based on trust and confidence in him.ook at the orderly reports there there are a couple of sentences. so i do not know, it seems like what we have always known. that's what we have always known and always done. very few analyst cover berkshire hathaway anyway. >> a lot of companies are overwhelmed with detail and they grow tons of numbers out there and you cannot find -- he is on the far end and there are not tons of the. but he just to the point. wesley doesn't emit is a very number six, mcdonald's, new figures this morning say that sales are down this morning. expecting a drop of 1.2%, now the new incoming eeo, taking over in about a month from don thompson. he has his work cut out for him. >> nissan, verizon fall of bricks. sales down almost 13%. last january, up 5%. there is the issue and there is the point. if that is a big part of it. then there is the fact that mcdonald's is so far out of step with the direction of how they wanted to meet. >> the u.s. is a 4%. ok, whatever, it was flat. like you cannot get good fo

berkshire disclosing 5% stake in de. deer. >> i'm expecting them to say we don't make the numbers. ag is terrible. but it's a value play. ibm -- there were so many hedge funds, when you see the disclosure, no one told me he dumped exxon. services and guesses of what buffett's doing are completely worthless. i find that deer if someone chases it today, they do report. so they tend to be saturnine in the way that they handle things. ibm, amazing. when you talk about ibm, they say we're giving shareholders what they want beat buyback. but you know what? -- >> but shareholders -- >> what is that? you want a stock that says at 210 instead of 210 to 160. >> you're calling for higher stock prices? >> i think that's the kind of return that shareholders really like. >> you know he has -- >> a lot of people -- >> he always likes tech and energy. >> hasn't embraces buybacks but in this case averaging down. >> yes. >> bring cost basis down. >> ibm -- >> unexpected as you say, people had been looking for a buffett exit on ibm would h

>> i'll tell you, melissa the 50th anniversary, the golden jubilee of warren buffett running berkshirellars from friends and family to the third most valuable company in the united states of america. coming up, there are a lot of cross currents, we know that are worrying a lot of investors. strong dollar. low oil. when will the fed move? what's happening in europe? we are going to ask the man who is considered the most successful investor of our time. oh, yeah, he's here waiting in the wings. hi, warren, and sitting with us in a fox business exclusive. he's sitting with sam taylor who runs one of the companies that warren has bought recently. different type of company but come over back this way, i will be showing you something special in this box for the annual shareholder meeting for this jubilee year. 50 years at the helm of berkshire hathaway. it is expected to be the most popular tchotchke. he is only the shareholder to make money at the ceo meeting? how does that figure? i'm going be asking pointed questions that matter to your money. it is a full hour from the nebraska furniture

that is on the mind of any long-term investor in berkshire hathaway.g a page out of your playbook or something you might agree with warren buffett heads to europe. what should be on his plate? david: go with distress prices. unless you think these businesses are permanently disabled or impaired, it's a good place to look. he likes certain financial services. he has an investment in swiss korea -- swiss three for example. olivia: he has an investment in ali on. brennan: no comment. olivia, this brings us to the twitter question of the day. can there be peace with vladimir putin? will the security troops actually hold -- the security truce actually hold? tweet us. ♪ tom: good morning, everyone. olivia sterns has our top headlines. olivia: a quick recap of two stories we are following. first janet yellen facing the financial services committee today. yesterday, she was before the senate banking committee and laid the groundwork for later interest rate hike this year. and in greece, economic policies are only the beginning. the imf and ecb say actions spea

partners with warren buffett for free i'll take you thenday, berkshire all the way. >> on the network for business news here's dave. >> i don't think that the taliban -- the taliban is an armed innsurgencyinsurgency. >> before we start throwing around labels let's look for broadly at terrorism. >> today we are witnessing more than a form of criminal an arcy. >> nothing more than criminal an arcy. white house officials still avoiding calling islamic terrorists islamic terrorists something the former et of the intelligence agencies is warning has very serious consequentials. retired general michael flynn saying, quote, you cannot defeat an enemy you do not admit exists. so is being

his first interview of 2015 in his 50th year of running berkshire. more start at 3:00 p.m. eastern free here on fox business. david: i will like to hear what he says about coaling. coke getting into milk? liz: he is big deflation guy. david: i like deflation. i like it when prices go down. few children have a taste for fine wine there is an eight-year-old who inherited his father's winery. it has gone on to the become the world's youngest vineyard owner. "strange inheritances" jamie colby has more on that incredible story coming next. liz: larry shover, back with us to discuss the number one thing he is watching tomorrow. >> hi, everyone, i'm gerri willis. coming up on my show at the top of the hour, a family feud over robin williams's estate. we have advice on how to make sure your wishes are fulfilled. that is just one of the big stories coming up on "the willis report" in just awe a few minutes. startup-ny. it's working for new york state. already 55 companies are investing over $98 million dollars, and creating over 2100 jobs. from long island to

partners with warren buffett for free i'll take you thenday, berkshire all the way. >> on the network for business news here's dave. >> i don't think that the taliban -- the taliban is an armed innsurgencyinsurgency. >> before we start throwing around labels let's look for broadly at terrorism. >> today we are witnessing more than a form of criminal an arcy. >> nothing more than criminal an arcy. white house officials still avoiding calling islamic terrorists islamic terrorists something the former et of the intelligence agencies is warning has very serious consequentials. retired general michael flynn saying, quote, you cannot defeat an enemy you do not admit exists. so is being too pc putting our lives and investments at risk. i'm david asman welcome to "forbes on fox" let's go with sabrina schaeffer, john tamny and rick younger. steve, nothing more than criminal an arcy, really? >> david, that's like saying adolf hitler was an overgrown juvenile delinquent subject to temper tantrums. this unwillingness to recommend nice what is out there is putting lives in jeopardy and economic we

it's 11 plus billion stake for berkshire. >> incredble.hey own a lot of ibm in they have -- 27% has to go to 40 it's got to be done in a way that it's not because of the revenues dropped to 800 -- to 80 billion -- >> right. >> they have this challenge, which is how quickly is the other part going to be bleed off. >> no doubt. talking 25 billion in revenues now to what they say will be 40 billion by 2018. do the math. 15 billion in incremental revenue growth. >> they could go to 100% social mobile cloud security but that's because of rest of it just disappears. >> maybe they'd get a higher multiple and it goes -- >> that's the -- the play where they have three engines out and the fourth is still working. the fourth goes out, maybe they can still fly. >> take them longer to get there. >> need captain sully in the cockpit. >> yes. >> the fcc expected to approve new nul ruhle new rules. the new rules providers prohibit prohibited in providing fast lanes. cable and telecom companies expected to launch a number of lawsuits if new rules are passe

he is a ligety morris possibility to executives at berkshire hathaway. at least four of the recent acquisitions will be seen by his deputies. that includes duracell and a german mortar cyclic women retailer. -- german motorcycle equipment retailer. who is going to take over for warren buffett? that has always been the biggest question at berkshire hathaway. the stronger u.s. dollar may be the final nudge acquirers need. a company has a presence in 150 countries and why the u.s. dollar is helping. a new leader is still an insider. much more on that story in a moment. ♪ >> let us get you caught up on some taught stories -- on some top stories. the violence continues in ukraine. macwhinnie and government says two troops were wounded in the last 24 hours. greece has until the end of the day to come up with a new list of financial measures. some other stories making news. a series of recalls have caused the president of honda motors his job. the retailer was plagued by major recalls of defective airbags. here is his decision to step aside. >> honda is ready t

and john deere, 2% that stock getting a boost from berkshire hathaway..1 million investment from berkshire hathaway into john d.. beating expectations with revenue. stuart varney is on the rise and he will be back after this. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ashley: a federal judge blocked president obama's executive order and immigration. right now we are joined by texas congressman henry clay are. your district is on the aborted, largely hispanic district. the amnesty for illegal hispanic immigrants has been stalled. >> it is not amnesty. what reagan is a democrat in 1986 was amnesty. this is a temporary deferral the president is looking at, this is something that is only a first step. i'd prefer that we would do a bipartisan approach to exist but apparently congress is not doing it but the president had to do it. stuart: now has been stalled. judiciary has stalled debt and essentially said the president

straight ahead here we'll talk about warren buffett's berkshire hathaway underperforming the market so the s&p 500 over the past decade of course. should you be more like buffett in your investing to secure your financial future? copy his moves even if it means buying ibm? and angie's list rallies 50% after topping the 3 million member mark for the first time. that's coming up on "the closing bell." market so far but it's sloan that's coming up on "the closing why do we do it? why do we spend every waking moment, thinking about people? why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you it's everything to us. the xc60 crossover. from volvo. lease the well-equipped volvo xc60 today. visit your local volvo showroom for details. >>> yesterday warren buffett disclosed a handful of changes in berkshire hathaway stock holdings. a new stake in deere. he completely shed his stakes in exxonmobil and conocophillips. now that you know what the orac

i'm a berkshire hathaway geek. a business so far from actual data.t is the problem with drivers getting insurance? >> one of the problem is many of the drivers right now are worried about current coverage. they are living in the dark for the most part. they cannot tell the current insurance provider they are driving for uber. the reasonbeing , you are not allowed to drive his attack legally or right share. this provides coverage -- >> so a lot of drivers are out there not telling their personal insurance that by the way i am using the car for delivery services. >> the reason being, if you tell them you may get your insurance canceled on you, or if you have came in between, there is a risk it may not be covered. that is the problem. a lot of drivers are living in here of that happening. there can be coverage of this time happening. >> talk to me -- one of the things you are known for is sticking something in the car to see when it is things used. aggregated data to figure out what your risk profile is in sharing that something insurance at the price a

friends and family checking on the victims of an early morning home invasion along dana avenue at the berkshirees apartments in northeast philadelphia. >> somebody on his knees with his hands behind his back. here they got the guy with gun. >> reporter: busted window and three tossed out cell phones marked the escape route of three armed gunmen who police say kick in the door of this home just after 2:30 sunday morning. police say the masked men asked for role leck watches and jewelry that they saw pictured on one of the victims social media accounts of the investigators say the gunmen saw the posts on instagram. they stole a rolex and two gold chains before smashing their way through that back window. fortunately the five teenaged victims unside all between 17 and 19 years old were okay. >> i heard a bank. >> reporter: when neighbor jerry conte look out the window he couldn't believe what he witnessed. >> they got a guy with a gun and he undone the shell casing dropped the bullets on the ground. >> it's just frightening it really is. too close to home, you know. >> reporter: suspects took the

exxonmobil is the biggest loser in the dow after buffett's berkshire hathaway dumped nearly four billionstock last quarter. the "oracle of omaha" also dissolving his stake in conocophillips. however buffett is reporting a new stake in 21st century fox, that is fox business's parent company and 5% stake in agricultural equipment-maker deere. big moves by mr. buffett. >>> the pope leading an ash wednesday procession on the aventine hill marking first day of lent but elsewhere clergy took to social media to celebrate the occasion. posting hashtag selfies on instagram and talking about their faith. it has a little bit of a blow back amongst some catholics. the trend is growing after emerging last year. >>> redefining heavy metal. new plan to pick up business. plus, dead or alive, you're going with them. real life "robocops" coming to a neighborhood near you, yes. do you ever have too much money or too many robots. ♪ the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two

jonathan: at warren buffett's berkshire hathaway, they have exited an investment in a some mobile asce of oil has halved since june. exxon mobil stock has fallen since then. a regulatory filing showed that buffett sold the holding in the fourth quarter. snapchat is said to be seeking a new round of funding that could value the company as high as $19 billion area and -- $19 billion. it would value the disappearing photo and video app as more than fiat, ryanair, and burberry. yes, really. another company that snapchat could be worth more than is carlsberg. carlsberg reported earnings today that showed slowing sales as well as the departure of their ceo. caroline, the top line of the earnings is the big management shakeup. >> after seven years at the helm rasmussen is stepping aside. he will be handing over the reins in june. the man who is going to be doing it is cees 't hart. he is the first non-dane to ever run carlsberg. this is the first non-dande to take the helm. he was the chief executive of a dairy company since 2008. it is tough times he is embarking on. fourth-quarter sales t

and warren buffett and berkshire hathaway was able to come in and now you get at least four junk piecesmail from. it works. it's great. charles: this stuff doesn't happen in europe because we have this sort of laissez-faire capitalism. this is a de facto way. the devoid was filled where regulators wouldn't fill it. these guys would fill it. >> i'm okay with letting the markets play out. it's not black or white. the short-term focus of a lot of these guys is going to result -- it would o iitwill be unintended. layoffs. spin-offs. lack of long-term growth because you want the money now. that's a negative. charles: let's go to the real, real deal on this and talk about some potential deals. what are some deals that these guys may be looking at this year? >> i think there's some fun ones. in the last couple years, it's been health care and pharma. we've seen that recently. it was in the tech. two names you probably know darn well. charles: yahoo? >> twitter and netflix. charles: really? wasn't icahn involved in that one way or another? >> yeah, and he got out. but it's still a name ripe for

fell 2% after berkshire sold its shares. oil prices are still falling. down 4% today.re bad news for the oil sector. big moves in crude oil. >>> 20 minutes until the hour. the defense lays out the case in the "american sniper" murder trial. what the accused killer's family revealed about him when it took the stand. you pay for your data every month. so why does your carrier take back what you don't use? it's your data! all your unused data and if you switch now, we'll even give you 10 gigabytes of free 4g lte data on the spot. 10 gigabytes of free 4g lte data. only from t-mobile. [ male announcer ] you wouldn't leave your car unprotected. but a lot of us leave our identities unprotected. nearly half a million cars were stolen in 2012, but for every car stolen 34 people had their identities stolen. identity thieves can steal your money, damage your credit and wreak havoc on your life. why risk it when you can help protect yourself from identity theft with one call to lifelock, the leader in identity-theft protection? lifelock actively patrols your sensitive, personal in

let's take a look at video that we shot for you from the scene earlier this morning this happened berkshire apartments dana avenue somerton section of city all happened 2:30 this morning police say three men with guns forced way into apartment. five people were home at the time ranging in age from 17 to 19 years old. these are young victims. the begunmen gaeshled them altogether and took cell phones away. one of the victims was actually able to get to a bathroom and call 911 before the suspects noticed him they found him and actually took his phone away too. now again detectives investigationing whether it was instagram that made have led to this apparently one of the victims says he posted pictures of julie on social media site and the suspects made mention of that during this homeen vacation so right now that's a lead police are investigating and suspects took off with jewelry and apparently rolex as well. back here live again by the time police got here the suspects had forced their way through that back window. they took off and dropped cell phones here. right now police don't have any

. >> well, warren buffett has started a global guessing game about which companies berkshire hathawayabout to buy. in his exclusive interview with liz claman, he gave a couple of clues. take a listen. warren: we're probably going to buy a small business in europe. but i'd love to buy big ones. >> this small big business, i won't ask you because i know you won't tell me, but is it in western europe? >> yeah, that's as far as we'll go. cheryl: okay. we know it's a small business in western europe. that's it. we want to know what you think. do you have any gises guesses about warren buffett's company will buy. let us know on facebook.com/lizclaman. we may share your answer. it went up during his interview, the hourly nerd. >> is he profitable? >> yeah, he said it's profitable. >> oh, so he was profitable? >> do you want to take -- i'm going to take a commercial break. do you want to keep talking? can we go to break early? >> we have to make sure if hourly nerd is profitable or not. >> closing bell is going to ring in 28 minutes. liz claman, the oracle of omaha, back in bonds. with heavy

you heard it on fox business two weeks ago first during my exclusive interview with berkshire hathaway chairman warren buffett. he hinted he was about to buy a company in western europe. listen. >> we'd like to buy more businesses around the world. we're probably going to buy a small business in europe, but i'd love to buy big ones. liz: he bought a biker business. the oracle of omaha bought a german motorcycle equipment retailer for 452 million dollars. that's small to warren buffett. he wants a bigger one. he wants something more than a billion. it's called devlit lewis, it sells shoes to shirts and generated a little over 300 million last year. he loss of the cash generation businesses. this isn't the first time buffett jumped on the seat of a motorcycle company. in 2009 he bought a stake in harley-davidson. since that time the stock of harley up 300%. you heard it here first. more than a week and a half ago, buffett back into europe. >>> closing bell ringing in 13 1/2 minutes when. this man wants something, he gets it. cantor fitzgerald ceo howard lutnick live next to talk about hi

. >> it happened at berkshire trace apartments along dane avenue.hree armed gunman kick in the door to get inside early sunday morning. the masked men asked for rolex watches a and jewelry. items were posted on one of the victim's social media accounts. >> it is ridiculous what people put on facebook and everything, you know just looking for trouble actually. people must have scan it to find out, you know. >> fortunately the the five teenage a victims between 17 and 19 years old were not hurt. the search for three suspects continues. >> i guess no more selfies for me. >>> there is that measles out break in the united states you you know that by now but there are actually some parents who want their children to catch the measles, so they are throwing measles parties. >> innocent bystander shot the in the pennsylvania mall why some people say chaperones will prevent something like this from happening again. what's happened to snacking? how did it become absent-mindedly eating one after the next, after the next? so predictable and so unsatisfying? what

this year marks the 50th anniversary of warren buffett taking over berkshire hathaway. he sat down with liz claman. according to the oracle of omaha, he doesn't see the federal reserve hiking rates any time soon. warren: it's going to be very tough to raise rates when you have what's going on around the world. i mean, if europe has got them at zero, and you get rates higher in the united states, that would exacerbate a problem with the stronger dollar and funds flow. i think they have a very tough -- it would be tough for them to raise rates. liz: janet yellen, has she created unintentionally any kind of bubble that you can see? warren: no. liz: no bond bubble? nothing? warren: the last asset i would buy would be a 30 year government bond. that's a by-product of other policies that make sense. liz: how about a 10-year? warren: i don't want a ten day bond. >> go to foxbusiness.com to see the interview in full. fox business' hit new show, "strange inheritance" coming up. jamie colby is here on what to expect on tonight's episode. coca-cola is getting into the business of

it celebrates his 50th year at berkshire hathaway.ing of warren buffett, he tweeted, he says warren buffett recommended raven industries that's down 40% in 12 months. what's going on, long-term hold? you hate to go against warren buffett. execution has been horrendous. they've missed the street the past few quarters. warren maybe has a longer investment horizon than i do. i would not be in the stock right now. you follow raven. right? >> right. they've come to prom unanimouprominence. beyond that there's too many diversified areas. it's a conagglomerate. charles: down 40%. i'd rather look to make money on this neil move 20,000 to something else. denny who asked what do you think about kite? the pharmaceutical stocks getting crushed. gilead getting hammered. twenty points off the high. (?) another problem is execution. has not been good. they have a pretty good product pipeline. couple of intriguing drugs. wall street loved the stock until they, of course, haven't. i like biogenic weakness. i kind of like intercept. i'm not in kite. al

more importantly, it's his 50th year running berkshire.every business owner knows what one bad business owner can do. can destroy morale. what one big bank is doing. i'll tell you about it when we come back. ♪ charles: hey, i have a question for you. should employee happiness be monitored? and how hard should management work to weed out the jerks? i have to tell you, if you own a business, you know how important it is. we'll talk about it next. announcer: and now, it's time for "upon further review." charles: hey. earlier this season, the seat everyone said these guys are a flash in a pan. couldn't get it together. there was a locker issue. once management got rid of the problem, the team took off. this doesn't happen in sports. it's any organization. one bad apple can spoil the whole bunch. by the way, that's your favorite song. hey, now some firms. look. some firms, this is what they're doing, they're monitoring the bad apples. they have the grumpy meter. it measures the happy to grumpy people ratio. are they pushing this too far? >> no,

there was not only the refinery explosion but yesterday's news that berkshire hathaway sold three quarters billion dollars. george soros got out also. when you combine exxonmobil, they were down big, totaling 16 points off the dow. david: stock always seems to be in the news as far as hedge funds are concerned, herbalife. herbalife is down, why? >> herbalife is down because several hedge funds are selling positions. who is increasing his stake by 80%. george soros. took money from exxonmobil and bought some herbalife. liz: that is interesting. [closing bell ringing] into utilities now. the bells ring on wall street. as we look and see how stocks finish -- finish up. it has been what the lower banner says. volatile day for stocks. fed minutes came out showing quite a bit of hesitancy moving forward on just single words like patient. makes you start to wonder if they are overly frightened, david how to proceed here. david: clearly they are. and the betting was right before these minutes came came out there probably would be a rate hike in 2015. even anthony scare my think may be changing his

anticipation of future outlays for insurance company, and i didn't go to the difference in owning berkshire hathaway and you don't have to pay capital gains tax birth you own the toys -- i don't too that. i looked at the total amount there and i got -- i got warren buffett's income in 2010 as being about 12.5 maybe 13 billion, from what i looked at. you follow me there? i win back to his taxes, which a little less than $8 million, and i calculated the percentage of income he paid in taxes and comes out to be about .06 of one percent. do you think he recommended taxings unrealized capital gains? the increase -- do you think he recommended to president obama that we should tax, let's say, the tax -- the first billion you give to bill and melinda gate's foundation or your son's foundation? of course not. he recommended raising tax rates on things he done pay taxes on and that he greats a congressional medal of honor for it. this is where you guys have to be serious. we must tax all income at a single rate from dollar one to dollar in and stop. [applause] and you got to do it on everything. i a

he said i actually wish people would think of pershing square as a holding company as berkshire hathaway i asked warren buffett about activist investors, i've known from interviewing him, he doesn't like these guys. he thinks they're in for the short move and they're not long-term investors. >> that's where ackman makes this compelling case. listen, there are numerous positions we've taken where we are in it for the long haul. in essence, he's saying that doesn't apply to us. you can't paint all activist investors with one broad stroke. the one thing i spoke about was the legality of some of the recent moves. >> the government doesn't tell us when they're going to do something. but the fcc has been at it for two years. the ftc is announcing a formal investigation which took place after i guess an informal investigation. so i'd be shocked if something doesn't happen this calendar year. >> that was on the position with herbalife, which has become -- a media circus. carl icahn on one side. bill ackman on the other. >> ackman loves it. >> he hates it. so you have this idea of this tension. t

. ♪ >> you and charlie will have separate letters about the next 50 years of berkshire. >> with rightritten -- and they're done know. we've each written about the past 50 years as well as the next 50 years, and we didn't change a word in terms of what the other guy said. in fact, charlie hasn't seen mine. he doesn't care what i say -- [laughter] i've looked at his, but we're not changing anything. shareholders will get his view and my view. i'm writing something about spin-offs in the annual report this year. liz: i picked out greg gable right off the bat. 51, he's a midwestern guy at the moment. when the buffett faithful get whipped up, they say his name a lot. >> yeah. well, he would be terrific, but -- [laughter] i'll write more about him in the annual report. liz: okay. so you to know that's coming, right? right here, that was my exclusive conversation with warren buffett on february 4th. he gave us a whole bunch of juicy nuggets on what you can expect on the shareholder letter tomorrow, and it's downloaded hundreds and hundreds of thousands of times. mr. buffett popular in all di

has to say about the world in a very expanded 50th edition, because it's the 50th anniversary, of berkshire hathaway letter. what am i looking for? obviously, buffett's world view as well as clues for his next hunting ground. it's been a while since we've seen that man bag an elephant. he's got the cash to make some big acquisitions. i also want to hear about more ibm, despite repeated earnings disappointments. does he think he's made an error in buying a tech stock after warning us for years about the hazards of going beyond your kin and picking up one of those kinds of stocks? doesn't seem like ibm has built much of a manti te'ooat. does that bother him? plus, what is the view of oil after he booted exxonmobil from the portfolio, at one time a huge position even though he still rides the burlington northern railroad which has the most oil exposure in the group, that bakken line. buffett might not answer these questions in his letter but i bet becky quick asked them in the extravaganza monday "squawk box." don't bother me during those three hours, don't tweet me. especially if he comments

so, look, if you think that warren buffett knows something, then buy berkshire hathaway.erwise -- liz: extension in greece. it is unloved sector right now when it comes to europe. why not go into unloved area instead of richer and richer by the minute u.s. names. gary? >> is that to me? the. liz: yeah. >> look i agree it is probably unloved and undervalued, the whole reason you point out the greek, euro, germany doing what they're doing, russia over there, just too much stuff going on i don't understand. liz: we climb the wall of worry like we did in the u.s.? >> any times, you hear stories, warren buffett bought that, carl icahn bought this. warren buffett and carl icahn's investment goals are very different from most people's investment goals and their resources are different from their resources. i'm hesitant about blindly doing what warren buffett does. he is not trying to fund his 401(k). liz: had you bought railroads when he did in 2005, six, seven, you would have won. get to major indices at all-time highs. there were a lot of stumbles and a lot of triumphs this we

steven was saying maybe berkshire is coming close.you put all the metrics together it is altria. >>> some look at sectors, some of you look at fundamentals to give you an idea where the market or stock is headed. we look at both sides. guess what? both sides for once in a long time are sending the exact same signal right now. we'll break it down what the signal is telling us. >>> plus if you have the space, a former air force one, there it is, is looking for a home. the only one ever sold to a private citizen. the details on that, straight ahead. >>> tonight on a special president's day edition of "strange inheritance," jamie colby meet as family who inherits extremely rare letters written to their grandmother from a junk john f. kennedy. >> when i first looked at them, i said, wow, promptly put them in a safe deposit box. >> there they remained for the next quarter century but a surprise phone call from a stranger will reignite this family's interest in their unique inheritance. liz: a very stunning and touching story. you can catch

if you are traveling out in cherry hill keep in mind we have a broken water main 70 westbound at berkshirend is shut down at that drive. moving the traffic cam through go thinks i-95 at girard avenue. you can see icy conditions on i-95 this morning even though it has been salted. we still see plow trucks and salt trucks, on the highway this morning. but right now i-95 is moving along okay. folks are taking their time which is quite understandable a. moving the traffic cam one more time at 309 at norristown road it is between spring house and ambler, parts of this highway are a bet icy as you can see sometimes snow drifts the on the highway so keep that in mind as well as your driving. in delays or problems on 309. if you are taking mass transit, so far no reported delays, but when weather gets like this sometimes buses trains subways can be a little will bit late. that is the latest from the cbs-3 traffic center, i'm ann evans now nicole, back to you. >> good heads up, thank you. >>> nation's most famous fur covered weather prognosticator is in serious trouble. there is an arrest warrant o

. ♪ >>> your shares rally 3% today after a filing revealed that warren buffett's berkshire hathaway mores stake in the farm equipment maker. and bullish activity in the options market. dan is at the smart board with the action. >> so total options value ran two times average daily and calls outnumbered puts 2 to 1. obviously, it was on this buffett news here. he more than doubled his stake. and here's a stock that i think a lot of investors have liked to lump into cat tractor, which has had a tough go of late. the stock got killed. since filled in the gap on disappointing results. here's the thing. these to companies have very different exposure to emerging markets and the strong dollar, and deere has less. maybe that's what mr. buffett sees. and one other point. today the most active strike on the day was 2800 of the margin, 95 calls. both being bought. they went out yesterday at 42 cents. today closed at $1.14. when you think about it, into earnings, a debated risk play in the options market maybe makes sense. the report is friday morning, the options market is implying a 2.5% one-day

david: that is one of those oil stocks that berkshire did sell in december. >>> well it is the uber ofurants, helping users connect to the hottest restaurants in their cities, reserve, allows users to make reservations and pay the bill through the app. liz: right. so you don't have to wait to flag down the server. reserve just raised $15 million in its latest round of funding led by cofounders of uber and foursquare. what is next for reserve and which cities is it headed to next? joining us reserve ceo, greg hong. especially people in new york, want the check, i'm done eating. finished, leave right now. sometimes hard to catch attention. tell husband how reserve solves the problem. >> reserve is digital concierge service. we make designing persons -- dining experience better for restaurants and partners. half of that is handling the check. it is really elegant way to end dining experience rather than pulling out your wallet and everything else. a great way to end the meal. as we start to look kind of what that experience is, something that we've seen really resonate with our diners is

matt: alex monger is the vice chair of berkshire and amex is one of his biggest holdings.g up, the nba tech summit is underway, head of the big all-star game in new york. david levy, the president of turner broadcasting will be joining us, next. ♪ betty: we continue to count down to the opening bell, halfway through, it is time for our deep i've. game time at the annual nba all-star tech summit in new york city with some of the biggest names in media and sports are gathered to discover the latest in digital trends and innovations. stephanie ruhle standing by with david levy, president of turner broadcasting. take it a way. -- taken away. >> all-star weekend is more than a game. give me an example of the breath of the coverage you guys, tv and digital? >> we are covering this on nba.com, nba tv, tnt, we are simulcasting the all-star game on sunday on pbs and at&t -- tbs and tnt. we are having a fashion show with supermodels and nba players being judged by charles barkley and kenny. kevin hart doing back stuff behind the stage at the fashion show. a lot of things. >> how muc

berkshire held more than 41 million shares of axon. buffett eliminated a similar holding. has fallen by about 50% since june. >> indonesia has cut its key interest rate. indicators down for the country, except for this one. geoff dennis was in charge of the emerging market. equities jumped last year with the election of the president for indonesia. is this what we are looking at? is that the effect? geoff: i think he has done well. he has taken the tough decision to abolish fuel subsidies. the price did not fall as it would have. what they are doing with the money is trying to expand the economy through infrastructure spending, health care. markets had a good run. it has a current account deficit. indonesia is a market that is vulnerable. >> where are they on this path to vibrant consumer economy? geoff: consumer spending a strong and will continue to be strong. it is a fairly strong economy. tom: compare and contrast their low base. this is when i think is indonesia, we do not understand how big it is. isn't it ahead of china? geoff: i do not think it is ahead of china. t

one of the things we have seen berkshire hathaway invest -- he dressed that she invested in direct tvple below him that are knowledgeable. they tend to make media picks. maybe fox is the next one. betty: and petro china, he had a big stake. he made like a $7 billion profit. number seven sony, forecasting a surge in profit of $4.2 billion within the next three years. the ceo says it is using games and entertainment to turn around its electronic maker. alex: this is something analysts have wanted to them to do in a long time. finally, you are starting to see commentary that sony is earning back the investment community's trust. saying more or less, if we get -- matt: they are willing to sell their tvs were big enough premium. alex: you wonder what is that premium at this point. they are saying, we're willing to sell if i enough bid comes in . you would imagine, they would be willing to sell for a reasonable bid. the margins on tv manufacturing have been going down. they are so much higher in other instances, like game consuls. betty: if there is a right price. matt: you remember when pe

berkshire also selling a smaller stake in conoco phillips. as for what they have been buying, they purchased $15.6 million shares of deere and added 6.5 million shares of ibm to its holdings. that brings it to 77 million shares. that's been the huge question we have been asking. with ibm's shares struggling warren buffet said he would be buying. turns out he was. >> that's amazing to me. >> yeah we're going to get the chance to talk to him on monday of next week. >> monday of next week. >> we'll be in omaha sitting down with him going over the annual shareholders letter. >> but i want to hear about ibm in particular. >> we'll see what he thinks is interesting. it's more than 300,000 employees. all of these different business units. this is going to sound like a broad question. i'm sure somebody from ibm is watching. what is ibm? what does that mean? what do they do? you tell with a lot of companies how they make their money but for me it's hard to tell what they are doing. >> they're in the middle of a major overhaul. >> hardware is all but g