mostly berkshire hathaway area i distributed it pro rata to everybody. david: and you purchase stocks through berkshire hathaway? mr. buffett: yes. stocks and businesses. david: what woulu say was your reason to do this? did you study the companies more than anybody else, are you smarter, you didn't get caught up in fads, what is your reason for success? mr. buffett: we bought businesses that were decent at sensible prices and we had good people to run them but we also bought marketable securities. over time, the emphasis shifted from marketable securities to buying businesses. him david: what was the theory behind buying a railroad, people thought they were fossils? mr. buffett: they had a bad century, like the chicago cubs. everybody has a bad century now and then. ♪ announcer: the david rubenstein show, peer to peer conversations, is brought to you by state street global advisors. there is opportunity. david: over the years, you bought many companies, like the "washington post." how did that come about? mr. buffett: in 1973, the washington post compan

berkshire hathaway was originally an unfriendly deal. that unfriendly deals are necessarily bad. there are management that must be replaced. david: people must call you every day and say, i have a deal for you. how often do they pan out? mr. buffett: they do not call every day. we have made our criteria fairly clear. does relatively few that call. when somebody calls, i can usually tell within two or three minutes whether the deal is likely to happen. there's a half a dozen filters, and it either makes it through the filters or it does not. david: one time i was told you got a letter from israel, someone asking to look at your company. what are the odds that they would send you a prospectus over the transom, you would say you will buy it? and you did buy it. mr. buffett: we bought 80% of it. david: before you bought it, did you go to israel to look at the company? master buffett: no, i did not go to israel. i hope it is there. david: and you are happy with what you bought? mr. buffett: absolutely. david: and you bought a railroad. and th

david: and you purchase stocks through berkshire hathaway? mr. buffett: yes.id you study the companies more than anybody you, are you smarter, didn't get caught up in fats, what is your reason for success? we boughtt: businesses that were decent at sensible prices and we had good alsoe to run them but we bought marginal securities. over time, the emphasis shifted to buying businesses. david: what was the theory behind buying a railroad, people thought they were fossils? mr. buffett: everybody has a bad century now and then. ♪ >> david rubenstein show, peer to peer conversations, is brought to you by state street global advisors. >> over the years you bought many companies, like washington post. how did that come about? they had gone public in 1971, about the times -- time of the pentagon papers. they were challenging the licenses of two of the four television stations. to stock went from 37 down 16. -- it there were about $80,000, no debt to speak of. the washington post company, intrinsically worth $400 million or 50 -- $500 million, sold for $80 million. it

you like berkshire hathaway as a hedge. we been discussing that.out these shorts that you find so attractive? >> everywhere i look i find great short ideas. if you asked me to put on a new short ideas every day, piece of cake. i don't want to get so bearish that i get my portfolio -- i'm primarily a long investor. the two stocks that i pitched downstairs weren't old one that i first pitched at this conference two years ago, the stock exact sciences. it's a single product diagnostic company for colon cancer. i pitched it couple of years ago. it declined by 80% and i look like a genius and then i hung around thinking it would go further below five dollars and then they got some good news from the regulators about their tests and it skyrocketed from under five over 20. today it has pulled back to 15. my price target is still suffering. changed thatn't much. things are played out like i thought. i knew that they would get the test approved and they spent a lot of money. that company is just hemorrhaging cash. the question is -- will this test in the ea

(warren buffett/ceo of berkshire hathaway) "they're silly." he went on to say.... that trump's proposed tariff.... on goods... from mexico and china.... is a bad idea. we're seeing an election night fallout in the ranks of the clean sweep on election night. donna brazille has been the acting dnc chair since wikileaks released emails that led to the resignation of debbie wasserman shultz. on msnbc.. former dnc chair howard dean expressed an interest in taking the job again.. and reaching out to young voters. "they already are the largest demographic group in the country and they're the group that voted most heavily for hillary clinton." things could get democrats before they get better. in two years.. they'll be defending 2-dozen senate seats.. including several in predominately republican states. president obama continuing a veterans day tradition.... laying a wreath..... on the tomb of the unknown soldier today.... at "arlington national cemetery". he used his last veterans day speech..... to try to bring unity.... after the election... search for ways to come tog

so, you know our expansion is going across the state berkshire hathaway is a warren buffet company we're looking at quick growth in wisconsin and really investing in milwaukee which is what we're exciting to do. not many real estate brokages are downtown. we're looking to open that real soon. >> have you a lot of good stuff going on. a fun time to live downtown and have can you get in touch with brian and chris. they will give you a free marketing analysis of your home and place also aerial pictures included in that special offer which is fantastic. if you are looking to be part of a global real estate company you would like to find out more can you call them at (414)467-8626 or can you email them confidentially brian fendry at g mail.com. great to see you guys. >> thanks guys. >> thanks for having us. your smart phone is a vacuum for photos. never get printed it seems we're going to show you an easy way to get hard copies of your favorite shots. >>> the most amazing ham i have ever tasted in my life. i'm going to take you on a tour and show you why i am dancing with this ham. >>> welcom

won't say what they were thinking about with this investment, that is a self imposed rule that berkshire hathawayad, they don't really talk about their investments, but he is breaking his silence 00 thon this partic investment. now, the s.e.c. filings only show investments that berkshire made through september 30th and that southwest airlines stake was made just after september 30th. and again, usually buffett will not talk about any of these sorts of issues, but he's speaking out because of his friendship with herb kelleher, one of the co-founders much southwest. butch at the ti buffett told me he ran into kelleher last month and he started joking around about the airlines. obviously he never mentioned what he had been doing with the stocks, but he said that he would feel terrible if kelleher saw the filings released and that he had not been investing in his. he would feel terrible if he thought that he was shunning it, in a berkshire was investing in all the major airlines except southwest as if there was some reason he was avoiding it, so he wanted to make sure that the word got out that he is

warren buffett's company, berkshire hathaway, is buying stake in several major airlines. the billionaire investor has avoided the sector in the past despite berkshire hathaway owning a private jet company. buffett says he has purchased 21-point-8 million shares of american, 6-point-3 million of delta, and 4-point-5 million shares of united. toyota has reached a $3.4 billion dollar settlement to repair millions of 2005 to 2010 tacoma pick up sport utility vehicles. plaintiffs accused the automaker of not treating the vehicles with proper rust protection. toyota will inspect vehicle frames for rust erosion and replace them for free if necessary. the company will also refund past maintenance and replacement costs. apply pay is expanding its service to non-profits. shoppers can pay at stores with the tap of a button and use it for online transactions. starting next week, the american will start accepting donations via apple pay. other charities are coming soon. american apparel has filed for chapter 11 bankruptcy protection for the 2nd time. it's been a year since it last fil

berkshire hathaway getting into airlines. another sign of the change of mind.: warren buffett at best, kind of like that. donald trump will deport or try to, millions of criminal illegal immigrants living in this country. big sanctuary cities, los angeles, chicago, said they would not help in los angeles too. watch this. >> this is a monumental task especially in california, you have probably 500,000 undocumented folks in the city alone and no intention of making data priority. this is a population we police successfully by building partnerships, not by carting them because of their immigration status. stuart: come in, larry from california. you heard that and what did you make of it? >> he doesn't know what donald trump's plan is. it is reasonable to find out what it is before you criticize it and based on what donald trump said on 60 minutes he is not talking about targeting people because of their immigration status but violent criminal illegal aliens and making sure that is turned over for deportation so no idea why this reaction, roundup people, show me yo

--it's berkshire hathaway buffett's berkshire hathaway has a 10% stake in the lender.t's economy battered political turmoil -- 2.25 gets payments of billion dollars on a bet that it will reduce currency inflows. tracy: all right, oil has tumbledwill to an eight-week lo. fell on friday with britt for january delivery below $45 a barrel. with anthonyupdate to paulo anthony, it seems like run enjoyed a pretty good up on prices on the back of a talk about a deal, but those price gains seem like they are starting to run out of ski -- out of steam. it's opec's consensus falling apart? >> yes, it would seem to be what the market is looking at as a risk now. lots of details remained uncertain, who was going to cut what? now we have seen continued rises in production. it run, one of the countries that would be exempted -- iran, one of the countries that would be exempt it, they are coming back from sanctions and trying to ramp up. iraqi is still disputing secondary sources. has the potential for opec to continue growing, and that is showing potentially we have a lot of supply i

warren buffett, berkshire hathaway is invested in the airline. bourke shire has taken stakes in american airlines group delta, united continental holdings. regency center by an equity fund for $5 billion. they will create the largest shopping center investors. jaguar land rover is looking to compete with tesla motors. the luxury carmaker plans to rollout its first elect jack suv in 2018. lauren: one of the stars of the widely popular netflix series making a marker is set to be released from prison today. burnett confessed to helping its uncle steve avery burger implemented dispose of her body in 2007. after years of appeals, a federal judge overturned the convictions ruling that investigators made false promises during his interview and his confession was coerced. >> would you do this again? why not? that's not true. lauren: the district attorney appealing the conviction filed an emergency motion to delay his release. coming up in sports a thrilling comeback that drew for the new york giants over the cincinnati bengals will have the highlights fo

. >> today's top corporate stories, warren buffett berkshire hathaway disclosing new investments in four big airlines. sec filings shows buffett's firm took stakes in united airlines, delta and continental. becky quick reports that berkshire has taken a stake in southwest airlines. the move is a shock reversal for buffett who has shunned the airline industry for decades following a volatile investment he made in u.s. airway back in 1989. >> it's interesting. as you said, massive reversal. everyone is trying to work out what his reasoning behind it. it's hard to take a step in the domestic u.s. airlines unless you have a bearish view on oil prices. now there might be other minor factors around it. there's a macro link factors. he must be saying this is a vote confidence for the u.s. economy and a vote of bearishness towards oil prices otherwise hard to take those positions across the board. we have those reasons. >> timing so interesting. two weeks away from that november 30th opec summit where oil prices could move and change as you point out. one of the exalternatival factors. >> reynol

warren buffett's berkshire hathaway is buying stock in several major airlines. the billionaire has avoided the airlines in the past.. owns net-jets.. which sells partial ownership interests in business jets. in filings with the securities and exchange commission.. buffet disclosed he has purchased shares in american.. delta and united airlines. snapchat is about to join facebook as a publicly-traded tech company. according to cnn money.. snap inc. has filed the paperwork for an initial public offering. the ipo could happen as early as march.. with an estimated value of demonstrations protesting the election of donald trump continue nationwide.. and now... more and more people are also speaking out..... against the alleged hate crimes targeting minority groups.... since the election. more than.... -3- hundred hate incidents reported... so far.. most against minority and religious groups.. including.. an indiana church..... defaced with graffiti..... including a swastika.. and... in massachusetts.. police are investigating threatening letters. in iowa... a state l

. >>> legendary investor warren buffett's berkshire hathaway is the biggest shareholder of embattledhose reputation was tarnished since news broke earlier this year of a scandal in which at least 2 million fake customer accounts were created over years at the bank, with customers unknowingly charged for them. it cost the ceo his job and 5300 other employees were fired as a result. what does warren buffett make of all of it? here is our conversation on that. let's jump into wells fargo. you have yet to speak publicly about wells fargo until today. wells fargo has admitted to creating some 2 million fake accounts over at least five years. this is a scandal that cost the ceo his job. it cost 5300 hourly employees, workers, their livelihood and their jobs. berkshire is the largest shareholder in wells fargo, owning 10% of the bank. you personally own 2 million shares. you have been such a supporter of this bank, warren, that back in 2009 you said, if i had to put all of my net worth in a stock, that would be the stock. how do you feel about wells fargo? >> that might well be the case tod

berkshire hathaway told cnbc specifically that the company took a stake in southwest airlines as welleason. but this does mark a dramatic departure from warren buffett, who has said before he wouldn't touch airlines after a bad investment two decades ago. the stocks like that news in after-hours trade. keep an eye on any movement as we get open on wall street today. >> a lot of investors follow what warren buffett does. facebook and google, both coming under fire for these hoax and fake stories that appeared on their sites. some people suggesting they may have influenced election outcome. >> that's right. and facebook and google actually are announcing steps they're taking to combat fake news sites. they're doing that by going after the way in which these sites make money, advertising, of course. facebook and google have become giant in the advertising space, so google saying it will restrict its advertising on so-called fake news sites and facebook saying they are eliminating the use of those sites making money through advertising revenue. so look for others to follow perhaps because

. >> reporter: steve booth is regional manager of berkshire hathaway realtors believes that the race for the white house is responsible for the drop in homes sales. >> a little uncertainty and not knowing what may affect taxes, what may affect policy down the road. >> reporter: but douglas isn't convinced the election has affected homes sales, he says after a slow spring, business for his ocean city based company picked up this fall. >> it's not a buyer's market at all, it's a sales market. >> reporter: real estate experts are saying it's not a price drop. >> people are paying what the properties are worth. >> reporter: real estate agents say sales have been consistently strong in nearby oceanside communities. >> you have to look at the specific individual area and the marketplace. >> a market place still advertising hot buys and record low mortgage rates, during an election season now in the homestretch. ted greenberg, nbc 10 news. >>> the clouds are certainly increasing the afternoon keeping the temp down a bit in philadelphia, a high of 60, and it's in the 50s across the rest of t

diagnosis and berkshire hathaway results being helped in the conglomerates energy divisions. income saw a decline. the shares fell slightly. they finished down fractionally to $214,545. >>> and now to our market monitor, who has some names he says you might want to own if you're worried about stock market volatility. this is his first time joining us on the program. he's allen bond, the top-performing manager of the jenson quality growth fund. it is up nearly 8% this year. allan, welcome. good to have you with us. let's begin with this pesky losing streak we're in the midst of, with the s&p and the other market averages. is this the start of something bigger, worser? >> well, it certainly is unprecedented for a long time. this is the first time in 30 years that we have seen the market sell off for eight straight days and probably some election uncertainty in there. the election is obviously tightening. the question for us, is stock pickers, what kind of stocks do we want? it comes back to quality growth stocks. stocks with free cash, higher returns on capital and consistent b

he disclosed his berkshire hathaway, united, american, continental and southwest and delta.is total investment, more than $1 billion. and this is a major reversal for buffett, who has called the industry a bottomless pit for capital. in his annual letters, he frequently writes about a volatile investment he made in usairways, back in 1989, often calling it a big mistake. >>> the sector fell in the first half of the year, as you see there, before recovering from the lows of the summer. >>> there's another under the radar sector that nobody has been talking about since the election. casual dining. dominic chu joins us here to tell us why more people are dining out. why is the sector performing so very low? >> they're hungry. but so much of it is about sentiment in this country right now. whether or not you believe that the election brought certainty or didn't, people are feeling at least -- or there is the perception people are feeling better. they're a little more certain. for that reason, a lot of traders piling into casual mid-scale restaurants. so we're not talking fast fo

. >> at least one real estate agent we talked to, steve booth, a regional manager of berkshire hathawayand roach realtors. he believes the race for the white house is a likely factor in likely sales to second home buyers compared to the same time in 2015. >> full of uncertainty, not knowing what may affect taxes and policy down the road. >> other ocean city realtors aren't convinced. they say sales are picking up this fall and other shore communities are reporting consistently strong home sales. >> it all comes down to this. game seven of the world series is tonight. here's a live look right now from progressive field in cleveland. the site of tonight's deciding matchup between the indians and the cubs. the cubbies beat the indians to force a game seven between two teams with the longest drought in history. the score was 9-3. chris bryant starting it off. the series all tied it up. the cubs last championship back in 190, the last time the indians won it all, 1948. >> there's one manç who has haa smile on his face all morning long because of that game last night. >> what an amazing game

. >> steve booth is regional manager of berkshire hathaway. sales are down 6% to 7% in ocean city. he believes the race for the white house is likely a factor in fewer sales for second home buyers so far this year compared to the same time in 2015. >> a little uncertainty, not knowing what may affect taxes and policy down the road. >> other ocean city realtors are not so convinced. they say sales are picking up this fall. other shore communities are reporting skinly strong home sales. >> 4:48. 52 degrees outside. we continue to follow the septa strike now in its second day. >> and how it affects everyone that is riding septa. let's check in with first alert traffcç reporter jessica boyington. jessica? >> we don't have any of the delays for the regional rails which is supposed to a backup plan for commuters that typically take the services 0 strike this morning. right now we don't have the delays but we want you to know to expect them. there was overflow on roads for the morning rush and the evening rush as well. just awe few mome few moments a

berkshire hathaway reported earnings, third quarter robert on an operating business of 6.6%.was a smaller increase than estimated. insurance and railroad profits were down. the company has a record amount of cash. it is $85 billion at their disposal. mark: thank you. 10:26 in new york. oil is rising ahead of that big election. we will hear from ♪ bloombergve from world headquarters in new york and london, i am vonnie. mark: i am mark barton. this is "bloomberg markets." let's check in on your first word news. erik johnson as more from london. erik: thank you. donald trump will keep up a breakneck campaign based through tomorrow. he travels through florida, north carolina, pennsylvania, and new hampshire. it clinton is going full force. she will be joined by her husband, president obama, and the first lady this evening. she will be campaigning and michigan, and north carolina. u.s.irst woman to serve as attorney general, janet reno, has died. she served under bill clinton. she was sharply criticized in her first year for ordering a deadly raid on a compound in waco, texas. she

we are invested in the company's that the markets say are the --t, or share act away berkshire hathawaywe also have the best performance. index outperforms a percent of active managers. i don't want to be one of those. sorry question mark -- sorry? $.38 on the dollar to invest, why has it taken until now to make the decision? many people say that the time of the asset manager coming back is because correlations in the market are finally changing. marc: we have heard that for .ears we have been moving quickly to take the index of our portfolio to go up from one third to two thirds. over the last 30 years to 50 years, whatever time you look at, and you look at a five-time year periods, or 10 year periods, it always outperforms cross markets, typically 80% of the active managers. there is always an excuse, a dog ate my homework type of thing. though interest rates, high interest rates. there is another advantage and there is a growing cost in greater transparency, but funds are political [indiscernible] so the folks that are trustees are officeholders, appointed by thernor, as i was, and b

warren buffett berkshire hathaway venturing back into that industry in a surprising reversal. sec filings showing that berkshire has taken stakes in american airlines, united continental holding, delta airlines and in an exclusive to our becky quick buffett revealed a fourth stake in southwest airlines. it's a surprising move for buffett because he soured on that industry nearly 30 years ago. he thought it was too turbulent for him. when he a long running discussion. there were 20 years where they made no money. now i've argued they finally deserved to make a little bit of money and the barriers to entry are finally a little bit higher as they've always been high. maybe you do have some favorable -- we decided it was routes. >> routes. >> might have some favorable one. maybe only two carriers where you are able to charge more. >> they will become like the railroads. >> now i decided if buffett isn't it you're right there isn't a lot of competition and is a little bit rigged. he likes to do things not rigged. >> there's an advantage. >> there's an advantage. >> bill miller will

invest in the financial index, the broadest exposure to banks and etf's, 11% of the index is berkshire hathawayyou are investing in warren buffett, you buy financials, banks, insurers. not that company is warren buffett. mark: you said the c word, consensus, where it -- when there is consensus, which there seems to be posed trump -- post donald trump, should be warning they'll be ringing? >> part of me says yes, there is a time to get out and you will be a hero, the other part says you will not see anything clear from donald trump until the new year and investors will not know anything other than rates are rising, donald trump will be good for america, they put those together and it adds -- mark: what about the rest of the world, emerging markets, a seleka currencies and bonds and equities that you stay clearly, it is very wise to split the e.m. world into three types/ . >> brazil, south africa, russia, donald trump is not worrying about them because they do not really compete with u.s., maybe a little bit on oil which not is the focus, brazil, south africa, russia, great asset if you can do wi

berkshire hathaway ceo warren buffett. >> we had roughly 2% or lower growth.ink it is possible to grow 3%, or more in the economy? 2% growth, if you have less than 1% population growth, that means in one generation, 25 $18,000 orave maybe $90,000 in gdp per capita. $19,000 in gdp per capita. catch the six part series in the full interview wednesday, 6:00 p.m. eastern. competition to reign over the internet of things. one company looking to make its mark, which recently closed at $70 million. their aim, to connect manufacturing equipment, medical devices, and equipment used by the world's largest companies. cluster, double what it was in 2012. but the numbers are expected to decrease to $3 billion this year, joining me now to discuss .hem -- the iot he worked at oracle a long time, tom, thank you for joining us. you have seen many technological shifts. why is the hype around iot dissipating? business been in this for four decades. i have seen the transition from mainstream commuting, internet computing, cloud computing. each of these was an entire replacement m

. >> reporter: interesting news out of berkshire hathaway where investors possibly warren buffett himself or one of his stock picking new lieutenants loaded up on airline stocks. starting with united airlines. berkshire bought delta and american bought a position in southwest after the quarter ended. buffett would not explain the reasoning behind these moves. elsewhere in today's filings david tepper was on a buying spree purchasing over 4 million shares of bank of america. he bought 2.5 spider puts. he hasn't returned my message to try to figure it out. like buffett he bought delta also but sold 3 million shares of southwest leaving just a stub position in that airline per hind. the big investor activity in financials is all over the shop. even as david tepper bought, druggenmiller also bought bank of america. fairholme sold shares of bank of america. back to you. >>> so it is interesting we're seeing the shift. i have to say looking back he was joking back in 2003 he set up a phone line where he had an urge to buy airline stocks he would say iman airoholic. >> when you talk about invest

late yesterday after the market closed his conglomerate berkshire hathaway delivered another quarter of higher revenue and plenty of cash to play with. the oracle of omaha boasting $85 billion tucked away for future acquisitions and made no bones about the fact that he supports hillary clinton. speaking of corporate shopping sprees, oracle is one step closer to completing a 9.3 billion deal to buy pioneer net scituate. kicking off deals with october, half a trillion in mergers and acquisitions. we call it m and a here. we've got team fox business coverage, all-stars positioned in the kilocations along the campaign trail. blake burman is in wilmington where donald trump wrapped up the second event of the day. connell mcshane in philadelphia where hillary clinton will campaign later with singer katy perry. but to the race for the white house, which is in whirlwind mode for the final weekend before election day, donald trump and hillary clinton pulling out the stops at this hour, in pivotal battle ground states. hillary clinton speaking earlier in florida, donald trump in the crucial no

joining us is brian fendry a realtor luxury director for berkshire hathaway. we're super excited to talk about this. the pictures are so beautiful. >> makes me want to be there right now. >> really tell the story. we have to note is this a good time? >> this is. this is a very good time to buy and sell lake homes because everybody has enjoyed their summer they really enjoyed being out there. this was particularly nice summer especially late. and, so, you start thinking what am i going to do next year? and looking at houses i get calls every day saying what can i see, what do you have out there? and part of the beauty we look at are the drone videos because more and more people obviously they see the inside of the homes from photographs when you are taking a photograph of the house, you get the exterior you just get ground level. the drone allows us to get up above, show you what the lake looks like, that last little video clip i was lucky when we were doing the drone a boat came by. >> [laughter] >> perfect. [laughter] >> right. >> so that is what happens is w

chairman about the concerns over leverage and comparisons with warren buffett and his company berkshire hathaway40, but he is over 80. as institutions, we are a younger company, so it is pointless to compare ourselves, however, we can learn from him and look at what he was doing 30-40 years ago. fosun will follow its own strategy one step at a time. >> you have said you would deleverage in 2016, but by june, we had seen the net debt to equity was higher than december, so my question is, why is that and does it add pressure on the company to spin off some of your assets? with leverage ratios, lower isn't necessarily better. current levels suit fosun. our strategy is maintaining reasonable leverage and reducing financing costs and matching assets with liabilities. our borrowing costs have declined substantially. in terms of liabilities, the proportion of short-term debt will decrease in a while long-term debt will increase. divert, we will financing to domestic and overseas markets. we will reach our target of racing our credit rating to investment grade from the comprehensive efforts i mentioned

. >>> berkshire hathaway fell 2% but this boosts operating results by 7% which did miss forecasts. berkshire also ended the quarter with nearly $85 billion in cash itself. up 1.3% this morning. >>> still to come, schools and more -- scores and more, we have highlights from the nfl and football realm. we'll be back in a moment. cathy's gotten used to the smell of lingering garbage... ...in her kitchen yup, she's gone noseblind. she thinks it smells fine, but her guests smell this. ding, flies, meow febreze air effects heavy duty has up to... ...two times the odor-eliminating power to... ...remove odors you've done noseblind to [inhales] mmm. use febreze air effects, till it's fresh and try febreze small spaces... ...to continuously eliminate up to two times the odors... ...for 30 days febreze small spaces and air effects, two more ways... [inhale + exhale mnemonic] to breathe happy. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, n

berkshire hathaway with american airlines and united continental and delta.ss worldwide. why pause a spontaneous moment? cialis for daily use treats ed and the urinary symptoms of bph. tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis. you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around

the good stuff was the utility unit for berkshire hathaway energy. the downside is guy: and bnsf -- is geico and bnsf. david: coming up up, what would a donald trump president mean for the fed and for interest rates? and setting up for the u.s. election. this is bloomberg. ♪ jon: from new york city, this is "bloomberg daybreak." an fbi boost for clinton may be a squeeze in these markets. thou futures up by almost 200 points on the session so far. switch up the board quickly. over the last week, it has been the haven bid. that is not the story. 1.04.-yen at a weaker japanese yen. treasuries fell off along the curve as well. 10-year, 1.81. that did notng freak out last week was a fed expectation for a hike in december. this chart, the real clear politics 2016 poll average for trump, that is the blue line coming in around 45%. the white line is the chance of the fed height of about 25 basis points in december. you can see, irrespective of trump gaining in the polls, the market is set to -- as the markets are freaking out last week, how do you explain th

his berkshire hathaway company is largest stage holder in wells fargo which paid 185 million in finesse of the fake accounts. i'm jackie ybanez, back to "hannity." for all headlines log on to foxnews.com. you are watching the most powerful name in news, fox news channel. >>> the trump administration will also secure and defend the borders of the united states. and, yes, we will build a great wall and, yes, mexico will pay for the wall. they're going to pay for the wall. [chanting "build that wall"]. >> that was president-elect donald trump earlier this week promising america and the american people he would build a wall with mexico. how fast can that happen? here with reaction, fox news contributor mercedes schlapp and former clinton poll ter, fox news contributor, in the end he couldn't pull the lever for hillary, doug schoen. how are you? >> very good, sean. >> look, it is one thing to run. for me it is simple. supreme court, refugees, cutting taxes, repatriation, build the wall, eliminate obamacare, health savings account, education back to the state, energy independence. you make

scarlscarl berkshire hathaway reporting earnings. analysts s lower what had anticipated. profit was $7.2 billion and should mention that berkshire hath away ends the quarter at $84.4 billion. this is bloomberg. ♪ >> we are back. alan thanks for sticking with us. keep on politics that's all anyone cares about right now. it's possible that you could have a risk-off event on a trump victory. but let's look further down the line and the possibility that we could have economic policy regime change, much more fiscally liberal, a government much less inclined to pursue trade. what is the economy and what do financial macts do if we get this shift in consensus. front-loading growth into the new administration. , i think that the markets understatementing the latter. qu n't think it is reaganes emp and corporate taxes could be cut where there is a new corporate tax structure not just for the united states. >> what would do in raising the dollar? >> the back end of the curve will sell off. i think it will sell off regardless. potentially quite substantially and what the front end do

the action cam was at the rittenhouse hotel this morning where berkshire hathaway home services fox and marked that milestone. the company says it's the region's largest realtor and even ben franklin was there to hand deliver a celebratory citation for mayor kenney's office. >> they talked at wynnefield heights about how to empower older americans to make their decisions. powell laughton conference much this year the focus was the impact of the affordable care act on older adults. dr. robin stone is a leading international authority on aging and long term care policy. she delivered the keynote address and was armed with the quality of life award. >>> students in south philadelphia went crazy today for some special guests. jaylen millions rodney mcloud and jordan matthews from the philadelphia eagles came to the school for a play 60 pep rally. eagles and the american dairy association northeast announced a $10,000 grant for the school today. it will pay for programs to educate kids on how to live healthier lives and exercise for a full hour a day. >> good for them. much more still ahead

delta, american and southwest all soared today after it was revealed that buffet's company berkshire hathawaynvested hundreds of millions of dollars in the four careiers. this is a surprise move because back in 2007 buffet called airlines a, quote, bottomless pit. >> well, aaa is predicting thanksgiving travel this year will be the busiest since the great recession. the club is forecasting more than 48 million americans will hit the roads and take to the skies. more than 1 million americans will go 50 miles from home, a 2% increase over last year. one factor in the forecast, gas prices are the second lowest they have been in nearly a decade. >> well, this morning a san francisco woman accomplished something that has never been done before. her group successfully swam across the dead sea. >> yes. abc 7 news anchor kriningnchor s here with more live. >> reporter: these are the 28 swimmers who achieved impossible. among them kim chambers right there, a 39-year-old san francisco resident and cal berkeley alumni. she tweeted this lovely picture afterwards, but i want you to see what they did in se

berkshire hathaway stake in the giant retailer is less than one billion dollars but buying shares ofee airlines, american, united and delta. pushing the stocks up 3, 4%. oil closing out the day settles up 5.75%. biggest gain since april. we are going to be right back. we have new questions about social media and whether it is doing enough to stop hateful posts? . trish: facebook and google taking action to stop fake news from circulating on their websites. the move coming after liberals cry foul, blaming these fake news sites for donald trump's big win. but get this, these groups advocating for the assassination, if you can believe it, of donald trump. they have not been shut down. our own adam shapiro is investigating the story. he joins me right now. adam, okay, it's fine in the eyes of facebook and twitter to threaten the president, but conservative views, pull those down right away are we looking at a double standard? >> two different issues, twitter, when we confronted twitter with the fact have you hashtags that say assassinate donald trump. we kept beating them down. trish: th

a regulatory filing reveals the billionaire businessman's company -- berkshire hathaway -- bought stakes in american airlines, united continental, delta, and southwest airlines. it's a surprise move for someone who previously blasted airlines - calling them quote - a "bottomless pit" in 2007. no word on what changed his mind. prince's music at least that's what his people are arguing. all the details on their apparent deal.. coming up. anyone interested in living at a house that has dirty dishes, empty beer bottles and the stench of cigarettes and probably pot? maybe you would if you found out which rock band is offering it up. would that be to your jay-z may have to pay big bucks to the estate of funk icon, prince. according to t- m-z ...the estate says the two parties did strike a deal for the 2015 release of prince's final album.. "hit-n-run phase one." however...the estate goes on to say that there's no record of the 750-thousand dollar deal going through. and...to add insult to injury...jay-z's streaming company, "tidal," is in the hot seat for releasing 15 prince albums after his d

those companies keep roaring, aided tonight by a huge commitment by berkshire hathaway to a host of airline stocks including cramer faves southwest and united continental. you want to pump up our military, you need to order hardware from lockheed martin and northrup grumman to name the moves in those stocks have been positively insane since the election. it's been a remarkable five days, hasn't it? but today we saw another grimmer side of the story. today it's sinking in that president-elect trump might be very serious about cracking down on trading partners who take advantage of our domestic markets without opening theirs fairly. it's dawning on investors what it would mean if trump does more than just talk tough about imports and dumping. in other words, we're beginning to witness tth might hurt as many companies as it helps. it might hurt some of your companies. we began to see some of this weakness when tech wilted last week. i thought it was during the rotation toward the domestics and the banks. at the time i thought these declines might be happening because money managers needed to r

berkshire hathaway is reporting, after hours right now. this is warren buffett's outfit, beating revenue but not earnings per share as you can see. the stock price is down quite a bit after-hours. this is for the a-shares. b shares are much cheaper per share tracks the a share as well. company says the stake in ibm continue toss be profitable. melissa. melissa: celebration day for the chicago as fans continue to flood the street after the cubs win. david: still wonderful to see that. donald trump's path seems difficult but is it possible the polls are off and that he will do a lot better than expected? we're diving into that next. >> in four-days we're going to win the great state of new hampshire. [cheering] and we are going to win back the white house. the pursuit of healthier. it begins from the second we're born. because, healthier doesn't happen all by itself. it needs to be earned every day. using wellness to keep away illness. and believing a single life can be made better by millions of others. as a health services and innovation c

aimlessly dislikes airlines but is getting berkshire hathaway into airlines. u.s.or him 20 years ago. however, he is moving into these airlines which goes against his most famous phrases, saying i am o-holic. he said the quickest way to make a million dollars in an airline is to start with $1 billion. that's all out the window because he is back into airlines. vonnie: what changed his mind? we will leave it there. we will return to canada in a little bit. up, the rivalries that broke apart one of the most elite law firms ♪. this is bloomberg. ♪ david: this is bloomberg markets. the messy breakup of an elite law firm reads like a tele-novella. paul barrett talks about that story. >> the reason we are interested is they came from nowhere, paul napoli and mark byrne with their employees, to become one of the most feared mass tort law firms in new york or anywhere in the country. they were fabulously successful in a firm called napoli bern. they won billions of dollars in settlements and verdicts. that resulted in tens of millions of dollars of fees for themselves. the

one is from berkshire hathaway. millione held almost 22 shares of american airlines.res for those companies rising by better than 4% after hours on that disclosure. 13-f filingso got a from carl icahn. he boosted his stakes in herbalife and burke. fromited positions chesapeake energy and transocean. not a lot of reaction as of yet but we will be following the filings. ♪ scarlet: home depot is said to report earnings before tuesday's u.s. opening belt. president trump may give the chain a lift, but he also could be negative with his stance on immigration. let's take a look at what we know right now about home depot. the retailer has posted at least 20 point of growth in the last fiscal year. this year it is estimated to slow down a bit. 15%, we areted still talking double digits. driving that is a streak of 21 quarters of straight growth. critical, as is home depot sales correlate with the remodeling market index, which is the blue line, which surveys remodelers by asking how much work they are getting. any value above that dotted yellow line represents an increase for

we heard in last five minutes from warren buffett that berkshire hathaway has not sold any shares inthe big scandal involving fake accounts which buffett calls egregious mistake, but says no, i didn't sell any shares. biotech continues to do very well in the wake of donald trump's victory over hillary clinton. that sector as can see and stocks in it doing very well. donald trump seen as someone who will cutbank regulation. positive for the banks, especially regional banks. they're moving nicely higher. huntington, regions bank and all this as market tends to trail off into the weekend appears today. more "coast to coast" with neil cavuto after this. ♪ neil: all right, well a lot of high-tech ceos who were not big fans of donald trump are kind of relaying to their workers, no matter who you voted for, it is time to move on, et cetera, et cetera, but then you have the grubhub ceo who we heard a couple things about. he is backtracking on his earlier missive to workers essentially saying that if you voted for donald trump, write your letter of resignation. he said that was vastly misunde