sandra: brookshire is fine for $32 billion. this is a big good yesterday.goes through in buffett's career. coming up in an effort to jumpstart the economy, china devaluing currency in a surprise move. in sports, look who is back. >> we've only met three tournaments. it's been eight or nine weeks since i've played the u.s. open. at least i'll be fresh with the guys at the end of the season. sandra: rory mcilroy is ready for the championship after setting out with an ankle injury. you hear what else he had to say. u.s. stock index futures, the dow up 114. weakness across the board as we kick off tuesday morning. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ sandra: a lot of news to digest this morning. let's get too caught up in global market action. u.s. stock index futures signal a lower open a few hours from now. dow futures off to the lowest of the session now done 116. weakness as we look at new set of china and greece and here at home technology news a lot going on. turning to sports, the mets rally three runs in a n

brookshire. >> awe. >> tough to see them but they had their beach wedding last night, they had the tentp, remember, because we had the rain. >> sure. >> we were all invited. >> how was it, bob? >> we didn't get a chance to go down. i said we would rather come down friday, stay for the weekends. so we head down there. but congrats not brookshire's, i got married down on the beach, and sun glare in cherry hill, new jersey, right near the cherry hill mall. so waking up and sun glare also on the conshy curve coming into the citiment and south 95 your normal delay from the betsy on into girard. mining, alex, back to you. >> national transportation safety board says the new jersey turnpike crash that killed one man and injured tracy morgan, you know the comedian? could have been a lot less severe. duh. >> investigators say no one in morgan's limo was wearing seatbelts. investigators also say the wal-mart truck that slammed into the limo was going six a miles an hour, and 45-mile an hour zone. this was of course back in june of last year. the ntsb says trucker kevin roper was also too tired an

brookshire making a big purchase -- berkshire making a big purchase. this is berkshire's cash pile, about $6.6 billion in cash. it is borrowing about $10 billion in cash. this is a really bad drawing. the bar gives you an idea. roughly the same as it was in the third quarter of 2013. berkshire hathaway has a lot of cash businesses. cash flow has been pretty much study above $50 billion since -- ady above $50 billion since last year. a successor would deal less with, what do i do about the cash, more about improving operations. joe: warren buffett is removing one of his problems, taking away a potential successor's problems. he can just focus on running the company. i want to bring in our guest, a chief economist in toronto. thank you for joining us. thet: thanks for insight. joe: you saw the chart. one of the things people are talking about is warren buffett is transforming his company from a financial company to a manufacturing company. do you think that's a good bet? -- do you think there is a future for north american manufacturing? guest: there are

brookshire has talked about 7% since the beginning of the year.joins us as well as mike reagan. this would like the biggest company out there. what is in the business we should focus on? well,s is not doing insurance is a hard business to be in. i don't know if you saw allstate last week, they had dropped below 2009, claims were increasing, people are driving more and getting into more accidents. the business is not doing well, geico already said they had to raise rates. alix: that is one area. killingseen for shire it earlier in the year, but they have fallen off a little bit. mike, what will it take to get juice back here? >> apart from its core business, it owns this tremendous investment portfolio. in are notas escaped doing very well, ibm is down, american express is down, so warren buffett likes book value. looking at the values of holdings coming can see that is under pressure. this is because some of the holdings. they are so diversified, people look at them as an index on their own, but if you break it down to big holdings, it is not grea

brookshire. here they are.each wedding last night, congratulations to them. we weren't able to make the reception, but we do plan oncoming down friday, and staying the weekend. how that sound? down there in ocean sit. congrats to those nice folks, had nice beach wedding last night down there in ocean city. a live look at i95, through delaware county, no problems or delays at all. >> coming in toward philadelphia, 42 freeway, starting to see pockets of volume, rush hour starting to shape up, head in the toward philly. otherwise no problems coming up 55, watch out, the construction zone, working your way through bellmawr there. today, after 9:00, here you go. penndot's got to do list. they'll tree trim on the schuylkill, eastbound, between girard, and spring garden, so coming into the city, after 91:00 lane taken out, jammo use the kelly or martin luther king drive after 9:00 a.m. to avoid that delay coming into center city. >> good morning malvern, 202, 30, where again you have the construction zone, in to 401,

it's not like brookshire hathaway where you have a bunch of well-running, well-functioning companies that are making money. >> they're doing are r&d on a grand scale. >> rose: who? google. they're taking millions of dollars and saying let's figure out internet balloons and self-driving cars. as members of an economy, we should be glad that a corporation is doing this and glad that corporations like amazon are making the huge bets they are and deferring some profit -- >> rose: you think it benefits the national economy. >> absolutely. >> rose: they need to be doing these things if they're equipped and have the resources both in terms of talent as well as financial? >> that's right. we become so obsessed with return on investment, maximizing quarterly profitability. companies like google are actually deferring some of the profitablability and saying let's make bets on the future. >> except they're public companies. it's great people tolerate this but they are public companies are shareholders. these are being paid for by shareholders and if they're tolerant of that, it's great, it's no