why buy rental property if you can buy part of berkshire hathaway. rental property is a lot of fun why not be part of berkshire hathaway instead? david: rental property can be a hell of a headache. >> incredible! unbelievable! i've had rental properties absolute nightmare! but there are many people who are stronger mentally and physically than i am and make huge amounts of money from it. i'm not one of them. just buy into the s&p 500 or the dow 30 or berkshire hathaway and you're a partner in great businesses. david: i would argue that there are other people smarter than you mentally. i disagree with you entirely. >> lots, lots. david: ben stein reporting from hollywood, thank you, ben. >> appreciate it. david: some lower income workers say if widening wage gap is reason enough to stay out of stocks and liberals are blaming the rich for inequality, former bogota, new jersey mayor says it is the federal reserve driving that disparity. how so, steve? >> we've heard hillary clinton talking about income inequality barack obama ad nauseum talked about the

i'm heading out with team fox business to omaha, nebraska for the berkshire hathaway annual shareholder meeting known as the woodstock of capitalism with a slew of exclusive interviews starting on friday. we've got a sitdown nobody else has. 3:00 p.m. eastern with the kids. they're all grown, but we call them the buffett kids, suzy, howard and peter, growing up buffett. 50 years of berkshire hathaway. what is their future and their dad's future at berkshire. we have it all, all weekend long. you're driving along, having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second... boom! you've had your first accident. now you have to make your first claim. so you talk to your insurance company and... boom! you're blindsided for a second time. they won't give you enough money to replace your brand new car. don't those people know you're already shaken up? liberty mutual's new car replacement will pay for the entire value of your car plus depreciation. call and for drivers with accident forgiveness, liberty mutua

of berkshire hathaway is mr. warren buffett the third largest richest man in the world. even though cfpb's rule on manufactured housing was effective in january 2014 again, clayton homes profited to the tune of $558 million in 2014 up from $416 million in 2013, and $255 million in 2012. why do we need to provide this industry with more regulatory relief? when they're already thriving? -- relief when they're already thrivinging? note, these profits come on -- thriving? note, these profits come on the backs of some of america's lowest income households. 84% of the industry's customers make less than the u.s. medium household income. clayton, again is a large conglomerate of companies operating under at least 18 names, constructing nearly half of the industry's new homes and selling them through its own retailers. many consumers think they're shopping around, not realizing that it's just different dealers with different names all operating under the clayton umbrella. let me just wrap this up by saying that this bill is absolutely a giveaway. it is my friends on the opposite

also exclusive interviews with berkshire hathaway insiders.tdown with his kids. howard. nice guy, by the way. susie. peter. all of them are going to be joining liz. she'll be asking them about, well, growing up off it. also what the roles are today at berkshire. and the buffett legacy. "countdown" to the closing bell is ending. ashley is in the house. be right back. ♪ keeping a billion customers a year flying means keeping seven billion transactions flowing. and when weather hits, it's data mayhem. but airlines running hp end-to-end solutions are always calm during a storm. so if your business deals with the unexpected, hp big data and cloud solutions make sure you always know what's coming-and are ready for it. make it matter. >> less than two minutes from the close. ashley webster and myself. >> sell in may, go away. how about ape? >> april. last trading day of the month. let's go to nicole petallides at new york stock exchange. >> linkedin is a loser today. mylan and biogen, for example, down 2 1/2%. mylan down 3%. i have to mention the rus

liz claman has interviews with berkshire hathaway hathaways along with planes, trains, automobiles. tjets, bsf railway and berkshire automotive, what it is like to work for mr. warren buffett. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtual

berkshire hathaway i will take that always always always. >> i want to thank you. cost of freed now continues on the place for business pants on or off, this is where you come, fox. >>> one of the latest would be terrorists in the united states is so young, we can't even show his picture or say his name. he's a 16-year-old south carolinian who was just sentenced to a juvenile prison an alleged plot to join isis and attack military bases in the u.s. and he's not alone. home grown terror threats popping up all over america. so with threats this widespread are we spending enough to stop another terror attack on the homeland? hi everybody, i'm david asman. welcome to "forbes on fox."

berkshire hathaway i will take that always always always. >> i want to thank you. the cost of freed now continues on the place for business pants on or off, this is where you come, fox. >>> one of the latest would be terrorists in the united states is so young, we can't even show his picture or say his name. he's a 16-year-old south carolinian who was just sentenced to a juvenile prison an alleged plot to join isis and attack military bases in the u.s. and he's not alone. home grown terror threats popping up all over america. so with threats this widespread are we spending enough to stop another terror attack on the homeland? hi everybody, i'm david asman. welcome to "forbes on fox." are we doing enough? i'm not for a police state. the congressional research service says since 2011 since 9/11 there have been 74 plots by radicalized americans, people radicalized here. and they were stopped, thank god, before anybody was hurt. the boston marathon bomber. those guys were radicalized americans. so the thing is they're not really pouring across the border. they're touri

. >>> warren buffett's berkshire hathaway acquired two small virginia papers my home state, the company's purchase of the martinsville bolton and post adds to dozens of weeklies in ten states. the terms of the deal not disclosed. >>> warren buffett doesn't just have eye on newspapers. in an interview today with becky quick, the oracle of omaha wants to purchase additional auto ships in the u.s. following acquisition of the privately held car dealership last year. >> this was a huge move for you to go in are you working to expand that pool are you expanding in terms of the number of auto dealerships? >> very much so. 71 81 now? yeah and we've heard from a lot of dealers, we'll hear from more i'm sure and i'd be surprised if five years from now we aren't a whole lot bigger. >> and part owner of heinz, becky buffet asked about kraft and whether he's looking to buy other food companies. >> we would hope it would not be the last major transaction, but we'll only do transactions that are friendly. so really depends on whether there are willing sellers of a price we'd like to buy. but there is n

berkshire hathaway picking up a $550 million stake in exalta coating systems. ire is buying up 20 million shares of axalta at $28 apiece. he has vowed to hold onto the stock for at least 90 days. berkshire hathaway down marginally .25%. among companies making news right now, athena health is seeing a big spike among bloomberg terminal users, after david einhorn made some comments, reiterating his short position on a athena health with provides online services. last may, he said the stock could fall as much as 80% from its $105 level because the stock was too expensive. you can see trading above that level right now. einhorn says the bear case is still $14 a share. fidelity and guaranty life ftl, is soaring by 11%. they were previously controlled by phil falcone. railing the most after hrg group says it may sell the company. hrg says it may divest its entire 81% stake or even a portion of the holdings. that is also getting a big lift. stephanie: remember johnny bush the ceo of athena health? that guy can only be described as another level. erik: a unicorn. keepin

more than 40,000 people in omaha, nebraska this weekend for annual berkshire hathaway meeting, we have called our weekend with warren. liz claman caught up with chairman of berkshire ceo warren buffet, and got his thoughts on the economy. >> we have been seeing the same thing for 5 1/2 years now. people you know they talk about double dips, and they talk about big comebacks, but the country is doing well. we might like to see more growth. but 2% a year, if you have 1%% inflation means things improve the 20% in one generation, that is fabulous. lou: more to the story. for that you can catch more of liz's interview with buffett and his top manager throughout the day on fox business network tomorrow, monday night liz with a primetime special liz's buffett's america 8 p.m. eastern on fox business network please join us. lou: volcanic activity picking up in the globe, a crater on top of kilauea on the big island. in chile the calbuco volcano erupted for a third time in two weeks, 8 miles into the sky forcing flight cans cancellations. >> an australian dare devil josh sheehan became first ma

two names warren buffett not too bad at 85, turned around entire massive enterprise, berkshire hathawayrom a holding company. neil: i know who he is yes. >> and how about the guy who took china out of the rural doldrums and made it into a modern economy. don hewlett was 90! >> what do you make of ken langone supporting chris christie. >> my gosh. neil: on an issue near and dear to all of us, christie said all of you guys would have social security cut. >> i don't have a problem with that. neil: you don't want it grandfathered into an age just above or below you? >> i don't mind paying a little more if there's a public policy in a broader public policy perspective. there is so much with the left and the dumb millennial who support liberal politicians. neil: not all of them do. >> most of them do, and they elected barack obama and now they are screwed because there are no jobs for them. neil: it's one thing, but it's next year, stop it! >> christie is saying we have to start somewhere if we get our hands around the welfare state. >> neil, i could not agree with you more. i think it's horr

my number one favorite dividend pick owned by warren buffet as a berkshire hathaway's latest filing -- it's wells fargo, which coincidentally is owned by my charitable trust. it's the embody. the largest and easiest t. company controls one-third of the u.s. mortgage market an astounding physical wells fargo achieved during the recent acquisitions in the great depression. it allowed the bank to grab a share of the mother-in-law market something that has teddy roosevelt rolling over in his grave, given the way wells fargo work, it's a retailer of its products it's far less to fall to prey about how the net interest margin will get squeezed thanks, to the economic slow down something i think will happen, despite the decelerating employment picture, i think the accompanying lower rates will cause more people to seek mortgages in an environment of gradually loosening lending standards, which would put wells fargo in the sweet spot. they will sell other products to these people. >> that is something ceo john stump knows all too well. anyone who has a net stump person knows after the pleasan

executive chair and jeff reichert, ceo of berkshire hathaway automotive.ent from paper delivery girl to supermodel. super mogul, kathy ireland, ceo of kathy ireland worldwide. furnishings and rugs. joins us exclusively on fox business to talk about how she went from the run way to the boardroom. that woman has built a $2 billion brand. ashley: wow. liz: about our weekend long coverage coming up on fox business friday. all weekend long. don't miss my exclusive interviews. we cap it all off, ashley, with 8:00 p.m. eastern special prime time monday. ashley: fantastic. very impressive indeed. liz: she -- ashley: all the reasons -- she can throw a newspaper. she has a good arm what you're saying. we're reading news coming down on the apple watch, much anticipated of course rollout of the apple watch. supplies are crimped after testing found problems with chinese-made component that create as gentle capping sensation. key component by one of two suppliers found to be defective. this not news apple would want. a tap tick engine. keeping score at home. designed by

i sat down in new york last night with warren buffett whose berkshire hathaway owns 70-plus differents that operate all of them in indiana, some of them are headquartered in indiana. i asked him what he makes of the law. and he said he hadn't read the fine print but he knows all about it. he said, to the extent it could in any way be prejudicial to gays or lesbians, he opposes it. here's more. the governor of indiana, mike pence, said this week he will fix the law, that he will move to make sure that it does not discriminate against anyone. however, when he was asked over the weekend whether he would add sexual orientation, be in favor of adding sexual orientation as a protected class in the state of indiana, he said that is something he's not working towards right now. what should be done to fix this? >> i'm suspicious. i think if people can exercise discrimination based on sexual orientation, then it's wrong. i don't know how the law reads exactly so i don't know what words you would change. b when you get all through, you read the law and you can discriminate against people based o

liz: you referenced warren buffett and you like berkshire hathaway. 't know, there are close to 80 different businesses with subbusinesses within there but which ones make berkshire a real millennial value play? >> they're the second largest broker. largest maker of manufactured housing. they make carpet and paint. of course, the railroad transportation would be greatly benefited. let me give you a statistic that puts it all into light. in 1960, there were 180 million people in the united states. the worst session performing in house was one million starts. we had 325 million people now. we're supposed to be in the sixth year of economic recovery and we're just up to one million housing starts. the multiplier effect through the economy would be powerful. buffett is trying to make the fund an all-in bet. he owns wells fargo, the largest mortgage lender. fourth largest hold something bank of merge. i would love to comment bank of america vis-a-vis discussion last half hour on the show. liz: come back again. we've run out the time, but i need to let peopl

. >>> the berkshire hathaway chief investing in another company.'ll tell you which company that is next. also, you probably heard of reefer madness in the 1936 film and a cautionary tale about the dangers of pot. it's now a cult classic. well, there is refund madness and it's related to that surplus of tax revenues in colorado tied to legalization of marijuana. we'll explain. stay tuned. ♪ ♪ [ radio chatter ] ♪ ♪ [ male announcer ] andrew. rita. sandy. ♪ ♪ meet chris jackie joe. minor damage or major disaster, when you need us most, we're there. state farm. we're a force of nature, too. ♪ ♪ so what's going on today? news alert! message! email! calendar update! most of us admit to being overwhelmed by information at work. that's why ibm created verse. it uses powerful analytics to uncover hidden patterns in your email, calendars and social feeds. it continuously learns how you work. and helps you prioritize the people and projects you need to focus on. there's a new way to work and it's made with ibm. >>> welcome back. with a market alert on this oi

if you own 6100 shares of berkshire hathaway have very valuable stock. only thing that happens they will get rid of old centrifuges, and bring in new centrifuges. only thing that matters is through-put ratio. this is ridiculous deal we will allow the islamic republic of iran to enrich uranium. we legitimatized their nuclear program. melissa: stephen yates. >> all agreements stand or fall on verification. almost all of them fail on verification. earlier comment referenced experience with north korea which is extremely instructive, we concluded an agreement. there were verification steps and they developed alternative path to nuclear weapons anyway which exceedingly high probability with iran. it also does nothing to address iran destablizing neighbors sponsoring terrorism calling for elimination of israel, death to america et cetera. we still have a middle east on fire. technical agreement that probably has a maybe, 5% chance of implementation. melissa: chris harmer, i'm really interested in what you had to say because are you trying to say the amount whi

i wanted your opinion on berkshire hathaway. >> own it. bruce in new jersey. >> caller: booyah jim.t you do for us. and congratulations on your nuputals. >> i'm not recommending tobacco stocks as a matter of principles these days. michael. >> caller: booyah from manchester new hampshire. >> no place is more gorgeous. what's up. >> caller: question i've been holding chicago bridge and iron for over 8 months. it's been a rough ride. >> 8 months you're almost pregnant with chicago bridge. i think you should cut your losses chicago bridge and iron. you don't want to be there. and that ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade. rated #1 trading app in the app store. it lets you trade stocks options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivative pricing model, honey? for all the confidence you need. td ameritrade. you got this. >>> w

she sits on boards of intel, costco and berkshire hathaway and she joins us here at one market to explainhe online ad market. it's good to have you here. >> i appreciate being here. >> even though you say there are an increasing number of start-ups chasing this market, the incumbents will end up having the larger slice of the pie. why do you say that? >> i look at market now. you say the top 15 companies globally have 70% of the online ad market and they've been growing faster than the market. actually if you look at last year, the top 15 companies grew 21% in aggregate and the market grew 17%, what's left? the only 30% is only growing 3% right now. happening at a time that it's never been easier to start a company and get funded and there's all sorts of companies out there that will eventually be trying to feed off the trough. >> you're saying what facebook was able to, do the way it was able to wedge itself into that share previously, was an abberation? that that can't be recreated by snapchat or pinterest? >> i wouldn't say that, i think the advertising dollars follow users. and so, th

berkshire hathaway picking up a stake in exalted coding systems.ffett continues his buying spree. and this is a big deal $5.3 billion from premierea. alix: it is incredible. you see a lot of mergers. thank you. i'm here with carl lisa, ahead of the strategy research at bank of america. you mentioned it doesn't really move the market but we have dennis lockhart speak today. he put the summer months on the table saying i would probably be biased towards the july or september dates as opposed to june. i don't think anyone has mentioned july. anyone? carl: i will jump in. the focus has been on the beatings that have press conferences. this puts the june meeting in focus. everyone has looked past the april meeting coming up shortly, and the july meeting janet yellen could change this. we will have a press conference after every meeting. that would be an on risk you could watch out for. alix: for more on these expectations this is in the note you had from bank of america talking about the yield curve from the five and 30 year. tell us what this does. wha

berkshire hathaway agreed to buy $560 million worth of stock in axalta coating systems. eady owns related businesses including benjamin moore paint. we are under 30 minutes away from the start of trading. let's caught -- let's count you down to the open with the top headlines hitting our radar. joining me michael wolf, activate founder. bloomberg's olivia sterns, here with me also. the canadian government is cashing in on general motors. it is selling its final stake in gm. the country's prime minister looks for new funding to both balance the budget and cut taxes. olivia: i wonder to what extent his hand was forced because canada is facing falling tax revenues because of the price of oil. michael: it is not just about what is happening in canada. it is also what is happening with gm. matt: you think this is a top for general motors stock? michael: the refresh cycle on auto has been completed. matt: that would be depressing for the entire industry. olivia: 17 million, that is what it is? matt: number nine, starbucks is offering employees full to wish and for workers to ge

counterparts over their reluctance to classified warren buffett's berkshire hathaway as too big to "theinancial times." regulators have already designated insurance companies as systemically important but have not said which reinsurers should be included. a new york regulator says he will not block barclays from reaching a settlement with the justice department provided the bank agrees to cooperate with a probe of his own. the end of june -- that is the main deadline for greece to unlock aid payments according to an eu official, echoing what the german finance minister told bloomberg and an exclusive interview last week. that's great, but does greece actually have the money to keep going until then? joining me now to does us -- to discuss, the global financial chief at black rock. great to see you. maybe not good for greece. does greece really have the money to last until the end of june? it seems like a very long time away. russ: it's not clear they do. there are even questions about if they can scrape together the money for a payment of about 780 billion euros due on may 12. it's a lo

berkshire hathaway's warren buffett was the lowest paid ceo, taking home $464,000.ry's david zaslav his pay of 156 million would have put him at the top. the firm's just over 6 billion in annual revenue, too low to put it among the top hundred firms. when the final list comes out in may that equilar is publishing i'm sure he will be near the top. >> it will probably raise the entire average. >> yes. >> thanks very much mary thompson. we have the latest on that huge british jewel heist. new images of the thieves and the nick names, you've got to hear this, given to them by the british press. >>> plus a new york city apartment fit for a prince literally. robert frank has that story for us. >> it's over 10,000 square feet in midtown manhattan, over three stories and the sushi bar becomes a jumbo tv for your jacuzzi. can't wait to see this exclusive tour coming right up. it took tennis legend serena williams, fencing champion tim morehouse and the rockettes years to master their craft. but only moments to master paying bills at chase.com. depositing checks at the atm an

i was surprised to see you list berkshire hathaway as a housing stock. >> he's the second largest residential real estate broker in the united states. he owns clayton homes, shaw carpet benjamin moore, berl burlington northern. wells fargo is his largest common stock position. his fourth largest is bank of america. they'll be two of the four primary mortgage lenders. i'm hearing word that you can get a jumbo loan from wells fargo to buy a house with 10% down and they're the most conservative out there. so ironically playing a recovery in housing the next five years is a very difficult thing to do in the stock market. most people think well i'll buy small caps to get at the recovery we're talking about. the problem is they're way more expensive than large caps and valuation matters dearly. we like large. we like domestic. so there's the front line plays. that would be the banks that make the loans, the nvrs that build the houses and there's the secondary plays. he's also buying van tool. he wants to sell these millennials their first car that fits a car seat. >> the front line are the housing

it's the same day as the berkshire hathaway annual meeting and kentucky derby. >> but a lot of peopleting at home paying $90. >> warren buffet. >> warren buffet competing with mayweather. becky and i are going. >> i was thinking about those that have to be all over the country that day. >> it's going to be a big deal. >> it is. i'm thinking about how valuable content is and that's what i'm going to talk about too after you finish your -- sports content. that's a prime example of what people are going to pay. he's the highest paid athlete. >> but what i was going to say, i'm worried that mayweather is going to go bankrupt i'm sorry to say because the guy just bought 100 cars from a dealer. now he make ace fortune but do you remember mike tyson made like $350 million and found himself literally bankrupt. >> that story where he actually puts $100 bills in the. >> these guys spend crazy money. if he just said i'm going to take $100 million and put it in my lock box and then i'm going to go crazy, sure. >> floyd mayweather probably has good people. >> but when you think about all the money