what will precision add to the brook shire hathaway of 80 company an why is that so special? let's ask because joining me now on the phone is oracle of omaha as he's known chairman and ceo warren buffett. warren are you there? >> i'm here hi liz. >> how many cherry cokes have you had to celebrate this massive deal? >> i have about five a day so i'm not sure where i stand right now. >> i would say you probably celebrate in some way or o another. but our viewers can be questioning day by day whether it is coming to a slow end, and boom you go ahead and make this huge bet so they're very interested in your thinking. what is so special about precision cast parts? >> it's a company making very important parts for very important machines. in the aircraft, so as you mentioned to the campaigns, boeing ge united technologies, role royce and company is extraordinarily good at making very complicated sometimes highly technical parts, and they -- they're the most reliable supplier you can have, and if you're putting an aircraft together you want to have the right parts coming at the righ

brooke shire hathaway agreed to buy u.s. mettal parts maker. they made the announcement on monday. the parts maker will be bought for 37 billion including death. precision produces parts for aircraft makers and power plants and sales last year came to about $10 billion. buffet is known for investing in businesses with long-term growth potential. now the new york stock exchange surged over 240 points on monday following news of buffet's largest acquisition and higher crude oil prices. the dow jones industrial average closed the day at 17,615. that's up 1.39% from friday's close. investors became optimistic the deal would lead to further consolidation across industries. market watchers say bargain hunting fueled the sentiment. the key index declined for seven consecutive trading days through friday last week. >>> a chinese minister has pledged all out support for indonesia's upcoming high-speed rail way. they are come petting with the bid for japan and bullet train technology. china's national development and reform commission minister met with indonesia president. shoo supported a r

warren buffett's brook shire hathaway takes four and a half billion stake in fillups.% of 78.81 and jcpenney banks raising its ratings to abide from a whole. that stock sup three and a quarter percent for getting a couple of names. a price target of 12 dollars we want you to start your day on f business a.m. sandra smith and lauren simonetti and i get you started with all of the breaking news that you need. >> what a difference a week makes we're down less than 100 points a different story last monday. down 101 right now. now, this video released shows russia's president vladimir putin getting in a workout a little later you see here -- there you have him. that's prime minister medvedev they got together pumped some iron and ate breakfast together. the whole bowl of wax. what's up liz? >> putting up butched images of him strong at a time when oil is cratering russia needs oil north of 100 dollars barrel to keep the state on oil company profitable an company hunting. [inaudible] >> because normally wrestling tigers or somethings or horse riding bear back in very good sh