jimmy buffett is here tonight!d applause ]gry, tooh >> jimmy: hey, guys, it's time to take a look at the stories making headlines today and weigh the good with the bad. it's time for "pros and cons." here we go. ♪ pros and cons and pros and cons and pros ♪ >> jimmy: tonight, we'll be taking a look at the pros and cons of doing "the tonight show" from universal studios. this is our first time on the road. it's been a great week so far. >> steve: so far. everyone has been so nice. that being said -- let's take a look at the pros and cons of doing "the tonight show" from universal studios. here we go. pro -- the experience is priceless. con -- until you get to the gift shop. that's how they get you. >> steve: that's how they get you. >> jimmy: that's how they get you. pro -- seeing characters like spongebob, patrick and mr. krabs. con -- mr. krabs was my nickname after going on spring break in ft. lauderdale. [ applause ] >> steve: what? >> jimmy: i'd rather not talk about it. i refuse to talk about that. >> steve: wh

than $2 million for the privilege of dining with warren buffett. the billionaire holds and auction -- an auction every year. last years winner chose to remain anonymous. they're working on plans and northeast and china. the project was delayed by rising tensions over a group of disputed islands. be completed within 14 months. it will be able to produce more than 100,000 vehicles a year. on facebook at a videogame execution in today. rivals virtual reality goggles made by oculus which facebook bot. five days before the biggest event of the planet, some of the world cup stadiums are still not ready. paul allen looks at the sometimes chaotic preparations in the race to be ready on time. work continues on corinthians korean -- on the corinthian arena and time is almost up. the biggest tournament in the world will kick off here. against this chaotic backdrop area.s a candid they're staging this. this is not a good idea. citieshould have fewer for the world cup. that is the situation. >> with potentially four stadiums, brazil could have saved billions of

how much would you pay to dine with billionaire investor warren buffett?pparently, somebody from singapore has for out more than $2 million for the chance at an annual charity auction. let's get to singapore. here?de the winning bid >> a mysterious man by the name of andy. we don't know more about him. we have not managed to track him down. a lot of money, enough to pay almost $2.2 million for lunch with buffett and seven friends. the amount paid is more than double last year's. his bid was made for delayed, less than 10 minutes to go in the auction. this auction has gone on for years. 15 years, to be exact. lunch with buffett at a steakhouse in new york, smith and wants to, and it is all in the name of charity. he is raising money for an end to poverty organization -- foreign anti-poverty -- he is raising money for and anti-poverty organization. it has done really well. two years ago, an unidentified man paid $3.5 million. buffettt has drawn admirers who would like to have lunch with the man. that is very incredible. let's get in on the conversation. $2 m

. >> warren buffett, right?> you have tonight to place a bid if lunch with warren buffett, the annual ebay auction to dine with warren buffett is underway going to san francisco's glide foundation and the auction has raised nearly $16 million for glide in the 15 years. the minimum bid started at $25,000 and now it is higher than that right new, check it out, about $1.1 million. you have until 7:30 tonight to beat that bid. last year's winner paid $1 million to dine with warren buffett. other winners have paid $2 million. so it is somewhere between those two by 7 3:00 tonight. >> you have $1.1 million to loan us, mike? >> last time we checked it was b, -- it was about $350,000. >> the giants are back taking on the mets at at&t park. it will feel like fall for the mets and 59 degrees at 7:15 dropping down to 55 so dress accordingly. now if you are traveling around las vegas or into the desert, the hides -- the desert, it will be 120, and kingman, arizona, 102. we took the 100's out of the valley, 79 in lake tahoe,

warren buffett said he thought the plan was rich.fett has said he's in favor of coke management. loves them. loves what they are doing. i think people who think he's in league with winters for this. that's just crazy. >> yeah. listen, 9% obviously. but $180 billion market cap. you have to throw a 25% premium on coke. $220 billion at a minimum. maybe more. i know the debt capital markets are good. the 3-g guys can raise money. warren buffett's got plenty. i don't get there. >> anyone who bought the stock, go to the numbers. it's an expensive stock. it's got a good yield. let's leave it. >> becky, thanks for checking in. of course becky did this amazing interview with warren when he abstained on the vote. >> breathtaking. >> that was a great moment. >> coca-cola has it done well. it's been disappointing that the industry has no growth. >> all right. let's get to bob pisani on the floor. i think he's available. he has more on what's moving. >> indeed. mixed market today. the cpi number did move the markets earlier on. take a look at tre

of course the most -- is -- warning buffett. i'm telling you right now right here this is a mugs game. you should never dump a stock you have conviction in simply because you found out some famous money manager is selling. how do i know this? first of all, selling is not like buying, we have no idea why some hedge fun might be selling something. maybe the manager has left the firm. maybe the stock is in a sector of the economy that's fallen out of favor with the money manager in question, at least short term. maybe some hot-shot investor thought he had insight, then turned around and sold it when the insight proved wrong. maybe the money manager you're trying to follow is just trying to free up cash for an even better investment that he's got up his sleeve, or maybe he has real reasons for selling that we'll never know. the point, though, is that you don't know, you can't know, and basing your investment decisions on something so inherently unknowable is always a bad idea. now, i've been a painful example of how selling off thin

as warren buffett said, the market is like dealing with a manic-depressive. >> you're watching "worldwide exchange." bringing you business news from around the globe. >>> hello, everyone. if you're just tuning in, thank you so much for joining us on the show. we'll give you a quick check of how futures are faring ahead of the market open this monday morning. we are looking at a mixed measure. take fair value, the s&p 500 is actually seen down by 0.80%. the dow and nasdaq seen slightly higher. this is after the s&p and the dow hit another record. for the s&p, it was the sixth record close in seven sessions. can you believe it? but, at the same time, the volatility or the fear gauge fell below 11 for the first time since 2007. we'll talk about that later in the show. meantime, to european markets we are seeing a slight move to the upside. volumes pretty low today as we see the public holiday across much of europe. the markets are trading but liquidity is fairly thin. the ftse 100 is higher by a quarter percent. the xetra dax is up by .10%, the cac 40 is up by .01% and the ftse mib is up .22

last year's winner paid $1 million to dine with warren buffett. the previous five winners each paid more than $2 million. >> so it is like a bargain rice right new. >> a bargain. it will not be at $350,000 by friday. trust us. >> you will up the bid. >> i put a dollar in. >> here is meteorologist mike nicco and the forecast. >> i have for pay twice as much, 200 percent as much. >>> you are paying me $2. >> she was going to pay you twice what she pays me... >> okay. here we go with weather advise. good morning, everyone, warm around fresno and 95 and 104 in palm springs but san diego and los angeles are in the low-to-mid 70's and 85 in sacramento as the sea breeze is reaching there and 73, today, in lake tahoe. in livermore, inaddictive of the heat that will hit inland headed to wednesday and thursday we will flirt with 90, and saturday, sunday, and monday, possibly low-to-upper 90's. today and tomorrow? pretty cool will 33 bart trains are on time and you may need a sweater on the platform, use train one and three are on time. we will look at the a

a huge fund raiser private with warren buffett. astronomical price for good cause that winning bid. hidden cashman on twittered secret identity revealed to the world of first the call that wilding large groups of teens committing crimes committee comes with the crackdown limit the strength in numbers >> : low clouds over intact at this hour. look clouds one more morning into tomorrow before things dramatically change this weekend we can forecast as a couple minutes away. safeway gets that staying on budget can be a real bear. that's why they've got lots of ways to save. real big club card deals, the safeway app and gas rewards. this week, dulcinea mini watermelons are just $2.50 each. mayonnaise is a must. best foods mayo is just $2.99. and get your spoons ready. ben & jerry's is a tasty $2.99. there's more savings to love... at safeway. ingredients for life. east bay trying to learn more about the violent roaming mobs of views known as wilding. police working together to stop the crimes before they occur. >> : was running a stop falling there might be occurring a sense that the bay

you have until 7:30 friday evening to place you bid to dine with warren buffett. the minimum bid is $25,000 on ebay. the annual auction is in its 15th year and has raised nearly $16 million for glide. last year's winner played with $1 million to eat with buffett. >>> still ahead at 6:00. a new report found the nsa is building a network to track people's faces on surveillance video. how it's using your information to build the network. >> plus, republicans will pick their candidate to run against governor jerry brown this fall. we'll look at the front runners to win, and the government has a new plan to cut air pollution by a third in the u.s. a look at how the epa plans to make it happen. >> i'm frances dinglasan in the accuweather center. temperatures will tumble tomorrow and then we have a warm up. i'll let you know when he witness the 90s. at shell, we believe the world needs a broader mix of energies, to move, to keep warm, to make clay piggies. that's why we are supplying natural gas, to generate cleaner electricity, that has around 50% fewer co2 emissions th

andrew, the fight aside, really between now winters and buffett.rs take a chance on coke stock at this price? >> i don't think so, brian. the stock doesn't do much for me. it's been an underperformer for a couple years. there's not a lot of growth. the bigger problem in my opinion is that it's pretty expensive. quite a significant premium to the overall market for no growth. so don't know what the catalyst would be to get this stock going. it pays a good dividend, about 3% dividend yield, so you would be paid to wait. >> i'm sorry, andrew. 3% is not so hot. >> no, it's really not. >> not when the stock is down. >> and you're paying upward, too. i don't know why you pay above-market multiple for a 3% yield. >> richard, what does the stock say? >> we know coca-cola is the bluest of the blue chip. even buffett himself will tell you successful investing is all about the entry point. to that point, i think we can do better. i'll show you how, after a 15% decline last summer into early fall, the stock settles, bounded by that double bottom around 37 on t

plus: how you can win a private audience with warren buffett. and help out a bay area charity in the process. " " >> and he finds unexpected support. >>> coming up next on "gameday" it was 25 years ago that the a's and giants met in the world series. hey, i am just saying. >> you know, people are not overlooking this. >> what did the camp david warriors head coach steve curr? >> game 7 of the conference finals goes to overtime. go overtime with us, "gameday" is next ,,,,,,,,,,,,,, ithe part of us that a littwants to play,on. wants to be mischievous, wants to run free, all you have to do is let it out. find your inner minion only at the despicable me minion mayhem ride at universal studios hollywood. today.. when he showed up to attend services at a predominantly black church. sitting in the front row.. sterling listened to the pastor's message for him. >>> donald steriling raised eye brows today when he showed up to attend services at a predominantly black church. the pastor had a message for him. >> i want my friend to know we are praying for y

you have until 7:30 friday evening to place you bid to dine with warren buffett. the minimum bid is $25,000 on ebay. the annual auction is in its 15th year and has raised nearly $16 million for glide. last year's winner played with $1 million to eat with buffett. >>> still ahead at 6:00. a new report found the nsa is building a network to track people's faces on surveillance video. how it's using your information to build the network. >> plus, republicans will pick their candidate to run against governor jerry brown this fall. we'll look at the front runners to win, and the government has a new plan to cut air pollution by a third in the u.s. a look at how the epa plans to make it happen. >> i'm frances dinglasan in the accuweather center. temperatures will tumble tomorrow and then we have a warm up. i'll let you know when he witness the 90s. ike hondfused a. now honda's slinging mud, launching false attacks. isn't it time to put the old politics aside? the chronicle endorses ro khanna, saying he "offers an upgrade in congress for silicon valley." and the mercury

more jimmy buffett. he's gonna--from pleasantville, new york, give it up for jerry o'brien.? [cheers and applause] so just real quick, they call you parrotheads. what it th

bidding ends tonight for a chance to break bread with investor warren buffett.he charity auction benefits glide in san francisco and the winning bidder can invite seven friends to join buffett for a meal at a steakhouse in new york city. right now the bid is over $1 million. >>> a celebrated racehorse from our part of the country california chrome made a final run-through today before taking a shot tomorrow at the big triple crown. thoroughbred ran part of the track this morning. this is belmont park in new york. looking good. if he wins tomorrow's race, california chrome will be the first triple crown winner in 36 years and the first-ever to be bred and born here in the golden state. the last horse to win the kentucky derby, the preakness and the belmont was affirmed in 1978. so good luck. >>> story now that restores your faith in mankind. a man and his dog reunited thanks to the goodness of an oakland man. >> hi, love. >> hi, love. how are you doing, love? >> there's the reunion right there. arthur's dog love was stolen while he walked her at a san leandro mar

. >>> the annual auction for a lunch with warren buffett is underway on ebay. the bid is $350,000. all of the money goes to glide memorial church. buffett says he will talk to the winner and seven guests about anything they want except what he might invest in next. >>> they are supposed to be more secure keeping you safe while you get your cash but is there a big loophole in a common safety feature. 2 investigates the atms that are closed that many criminals know about. how easy it is to get in and the response from one bank -- at 5:00. thank you for making ktvu your choice for news. we're always here for you at ktvu.com and you can follow us on twitter and facebook. firsrefused all debates.rnly now honda's slinging mud, launching false attacks. isn't it time to put the old politics aside? the chronicle endorses ro khanna, saying he "offers an upgrade in congress for silicon valley." and the mercury news says, "ro khanna is ready for the congress of tomorrow... ...while honda is a politician of the past." for our future: ro khanna. khanna: i'm ro khanna and i approve this message.

more jimmy buffett. he's gonna--from pleasantville, new york, give it up for jerry o'brien.rry? [cheers and applause] so just real quick, they call

warren buffett is once again auctioning off a lunch date on ebay. the opening bid sunday was $25,000. by monday morning... the lunch was going for $350,000. last year's top bidder paid more than a million dollars. money raised in the auction benefits the glide foundation. a takeover attempt is turning ugly. valeant pharmaceuticals recently upped its offer to buy botox maker allergan for $52 billion or just about $181 per share. allergan is said to be urging investors to hold off on vote regarding board members until it reviews valeants latest bid. activist investor bill ackman is pushing for the merger and for the removal of 6 of 9 of allergan's board directors. americans are kicking into higher gear when it comes to buying cars on credit. auto buyers borrowed a record amount in the first quarter... and took on all-time high monthly payments --averaging $474 dollars. an experian automotive report also shows because of those higher sticker prices, drivers are spreading payments out over a longer period of time. 24.8% of new car loans now last between

selling for $192,000 and buffett likes it that way for a stable shareholder base. he did, however, once split his limited rights b-shares 50 for 1 to create more currency for the acquisition of burlington northern. >>> timing, meanwhile, the magazine unit home to people, supreme courts illustrated and time magazine was spun off from time warner today. "time" shares made the debut on new york stock exchange. the chief executive sounded upbeat about the company's prospects despite an industry stung by declining circulation and advertising revenue. >> i've got some of the most trusted brands in the united states. nine of the brands around over 40 years. one of the brands is oldest living continuously living magazine in the field called "the field." i have strong cash flows and to write off a company like that, i think it's incredible. we have great assets. >> investors didn't have the same level of enthusiasm. shares fell nearly 1% on the first day of trading. >> can they go it alone as a separate company? porter bib thinks so from media tech capital partners. welcome

so we created what we called the buffett rule. and it said, if you're one of the fortunate few in america who makes over a million dollars a year, you're going to have a minimum income tax rate of 30%, which at least puts you on par with the people who work for y you. you're going to pay an income tax rate at least as high as they do, 30%. so how many americans are like warren buffett, making over a million dollars a year? how many would have to pay this new income tax rate? 22,000 americans make over a million dollars a year. okay, senate, here's your choice. do you help 25 million students refinance their college debt and reduce their loan payments determined by an average of $2,000 or do you protect 22,000 millionaires from paying more in income tax? that's our choice tomorrow. i think it's pretty easy choice. i don't have anything against wealthy people. if they made their money honestly, god bless them. but i don't think it's unreasonable to say to the wealthiest people in america, count your blessings, buddy. you're living i

kevin hart is here, plus music from jimmy buffett. you got to check it out. we're on next, everybody. the wonder of summer is that i never know what kind of adventure awaits. the days are longer, and the breeze feels a little sweeter. and, thanks to volvo, i'll pay nothing for repairs or maintenance for 5 years, nothing. they even cover my first month's payment. so, i'll be happy wherever the summer takes me. the wonder of summer event. the 2015 volvo s60 with complimentary first month's payment. starting at $329 a month. >>> saying no to warning labels, state lawmakers have rejected a bill that would make california the first state to require health warnings on sugary drinks. severe thunderstormers claim the labels would help people make healthier choices by warning them about the potential risks for obesity and diabetes. but the beverage industry said the idea was unfair because the warnings would not apply to other food and drinks. previously lawmakers tried to impose a tax on sugary drinks, but that was also voted down. >>> dr. oz had the tables turned on

it conjures up an image of warren buffett who says invest in what yyou thoknow. source them, how do you verify they are safe enough investments to get into? >> a great question. first of a first of all, they are high risk. but we're big believers in the peter lynch mantra invest in what you know. one of the reasons we focus on consumer. the return has been greater. average returns in consumer retail are 3 1/2 times your money in 4 1/2 years. but secondly, we position this is really important for the average inverse tore. easier businesses to understand. if you think about $5 million food company that sold in every whole foods in the country, it's a business that most individual credit investors can wrap their head around. we have a strict diligence process where we evaluate each opportunity and we accept less than 2% of the companies that apply. >> that's pretty exclusive. you raised $30 million for these companies so far. what is the return on that money that you've already raised? >> we've only been open for two years. and in the private markets, the rushes typ

bidding ends tonight for a chance to break bread with investor warren buffett. charity auction benefits glide in san francisco. and the winning bidder can invite 7 friends to join buffett for a meal at a steakhouse in new york city. right now the highest bed is more than $1.1 million. bid ends at 7:30 tonight. >>> new at 6:00 keeping tesla plugged into california. how state lawmakers are sweetening the deal to get the company to build its brand-new factory here. >> and a city hall spectacle, big hats, catchy songs, larger- than-life characters, celebrating 40 years of "beach blanket babylon." >> liz and i have a confession to make. have you ever seen it? >> i need to do it. it has to happen. >> so do i. i have had a few more chances than you. i haven't done it yet. >>> the "cbs evening news" is next. >> remember the latest news and weather are always on our website, kpix.com. we'll see you in 30 minutes. captions by: caption colorado comments@captioncolorado.com >> dubois: tonight, return to normandy. >> we come to remember why america and our allies gave so muc

>> warren buffett has created float.at job of getting free money where he is earning a return. he is making an underwriting profit while he is doing it. this is a great execution. it is not insurance along. it is everything. >> mario gabelli is jealous of warren buffett. >> i want to follow that path for the last 40 years. >> you say you have 65,000 employees. that is down 45% in the last six years. the market cap swore 80 billion. this aig ever get back to it was? >> aig make it back to being very large, particularly with the international side of the li ght businesses. we will look for opportunities to regrow ourselves there. in order to pay off the u.s. government -- we were sad to do it, but we had to do it in order to get the government paid back. we are not going back to the polyglot of unrelated businesses like aircraft leasing that do not fit with insurance. >> is this mission accomplished? order you see yourself staying on? >> for the time being, i am going to stay on as chairman. as long as things are going wel

it has to do with warren buffett against one of his biggest fans, david winters is a longtime buffett-ologistares of berkshire hathaway and the companies in which berkshire hathaway makes investments, like coca-cola. parthas been moving in because david winters has raised concerns that warren buffett might do a "sweetheart deal" to take coca-cola private. partially -- possibly with the assistance of a brazilian billionaire with whom he took hines private last year. the concern would be that shareholders would fare poorly relative to some of the incentives offered that google: management -- some of the incentives offered to coca-cola management. there is a perception that heinz manld've done better if leh and buffett had struck a harder deal. >> hillary clinton's tax strategy when we come back. ♪ >> live from bloomberg headquarters in new york, this is "market makers," with erik schatzker and stephanie ruhle. >> good morning. you are watching "market makers" on bloomberg television. i am erik schatzker. >> i am alix steel. stephanie ruhle is on assignment. click high-frequency tradesman -- und

>> well, it goes back to the 1950s with warren buffett and charlie monger.arren buffett was a classic style picker, but charlie monger, his side kick comes along. quality is important. let's buy high profitable, quality companies even if we have to pay more. it was done by a professor at the university of syracuse. he found that high quality, highly profitable companies actually do perform much better over the long run than companies that don't have this kind of stunning asset in terms of possibility for profits today. and this is an extremely important finding from the academic world because the previous big finding, the buffett rated finding was that value, was all important. this profitability factor comes along, it's as big as value but it's not correlated with value. you put the two of them together in a portfolio and you have better risk adjusted returns. >> does that show you outperformance? can you mention a couple of the stocks that have outperformed on the basis of this criteria? >> sure. in buffett's case, it moved to american express, coca-cola,

betweenof a weird split what the company is doing and what warren buffett is saying. >> you are goingman sachs energy summit tomorrow. going to be a big talk their? >> i'm so excited that i get to geek out all day with energy geeks. it knowing to be about the changes to the co2 emissions proposed a few weeks ago. about 25%chs assumes of coal generation will retire due to changes in environmental rules. that is ready substantial. renewableso says will continue to be able to ramp up over the next 11 years as standards become different state-by-state. interestingg to be is the differential between the supply side and demand side. we might have a lot of oil and energy, but is there a demand for it? we may have a lot of natural gas, but where are the refueling talking about the distinction between the two will be a huge topic. >> who will you be talking to? >> one of the highlights is airy cone from goldman sachs about the investment in the energy space. we are producing a million barrels a day, but they can't get to it. estimates $21 billion could be spent on infrastructure investment to

we have insurance companies and warren buffett heads those up.e democrat a abbesses what he has to say the public has the impression because there's so much talk about climate from the insured the standpoint have been unusual but the answer is they have not. even warren buffett different -- denies of global warming and also knows about the insurance business but number one on the homepage they have a prophetic picture of their roller-coaster sinking into the ocean so i would pull the equitation's out. look at that. look at the scare tactics. climate change will increase mortality related to he to. >> we hear about these weather occurrences more devastating hurricanes when we have not had a class three or above hurricane in 3,200 days but the president recently said the eastern shore needs to vostok but it has not happened. >> said natural disasters aside the individuals do want to make decisions individually but they have to be financially sustain the ball also. this report risky business trying to convince front future natural disasters to focus

goes around the ability to create wage growth just goes around wages it is go right into warren buffett'spocket and as he said the lack of trust people don't trust each other and that's why nobody is in the market but janet yellen and mario jackie and mark carney there is the only people in the markets are those people because they're the ones that are rigging the markets now also wall street examiner when looking at the story points out here this banker doozer saying well we're it's not like we're driving bus loads of kids over the cliff but they point out that there is the fact that one of five children in the u.s. now lives below the poverty level the latest data available shows there were one point two million homeless students during the two thousand and eleven two thousand and twelve school year a ten percent increase from the previous year and a seventy two percent jump from the start of two thousand and seven two thousand and eight an all time high so they are driving people off the cliff it's just not as obvious to many people write to the administration and the bankers out of se

in new york to win lunch with warren buffett and one guest. all the money from the charity power lunch from buffett goes to help feed people, help the homeless, children, and to maintain programs to prevent violence. >>> history could be made in new york today. it's been 36 years since a horse won the triple crown but california chrome has the chance to become the first to ever win the kentucky derby, the preakness stakes and the belmont stakes. >> california chrome! >> and the preakness. >> california chrome has won the preakness! >> next up, the final jewel in horse racing's triple crown, the belmont. it's been a whirlwind couple of weeks for the three-year-old colt and his team. from the new york stock exchange, to the empire state building to the belmont, everyone wants a piece of chrome. >> california chrome definitely all wait. >> california chrome doesn't seem tired. >> i looks really, really nice. he looks really red did. >> only 11 horses have won the triple crown. affirm was the last to do it back in 1978. california chrome is the un

the annual auction for a private lunch with buffett started sunday night on e-bay. 25-thousand dollars. bidding runs through friday. last year's winner paid more than one million dollars to break bread with buffett. which is a bargain considering four of the previous five winners paid over two million dollars each. the highest bid was nearly three and a half million in 2012. the money raised benefits san francisco's glide foundation. and the polls are open.are you voting? what might be keeping voters from casting their ballots this primary day. obama on bergdahl release-sotvo president obama talking in poland today about the release of sergeant bowe bergdahl. the 28-year-old army sergeant from idaho was released over the weekend by his taliban captors. some lawmakers are saying the president did not give them enough notice of the prisoner exchange. as the law requires. the white house says they had to act quickly to save bergdahl's live. new this morning. federal prosecutors say boston marathon bombing suspect dzhokhar tsarnaev told his mother he expected to die. pr

. >>> the top bid to have lure with warren buffett is nearing $400,000. there's three days left, if past years are an indication the bid to have lunch will soar higher. the 83-year-old billionaire is chairman and ceo of berkshire hathaway. last year the winning bid was $1 million, back in 2012 the winner paid $3.4 million to have lunch with buffett. >> that be fascinating. >>> let's talk about our weather. bring in bill martin, a lot nicer today. >> a lot nicer, warmer, less fog, that's how it will go. less fog each day and night. still cool at the coast, warm around the bay, hot inland. that's typical summer pattern. we're seeing the inversion develop. 24 hours ago the fog bank, you can't call it a fog bank. it was 3,000 feet. the inversion is now down to 1300 feet, as we go into the next few days it will be below a thousand feet or at a thousand feet. that's enough to put it below the coastal hills. when that number gets below a thousand you get the heat inland. that's what we'll see. fog along the coast. foggy in the sunset. at the golden gate park. as

you see even warren buffett coming out and say i don't see any size at all, dramatic climate change.if there is, as an insurance executive. all kinds of evidence can be brought to the floor and lay down in front of the public. these democrats in end up with egg on their face. >> they want these guys to focus on important things. enough already. >> we just had an epa change based on facts that might cost us hundreds of billions of dollars. >> i would say, look, running down there. mitch mcconnell in arkansas. let's take a look. you guys are going to kill coal in this country. where is the proof, for example, that the western drought is caused by global warming or by climate change or they you know how the stop it. you are calling for an enormous transfer of wealth, power, and freedom from individuals and companies to governments and international institutions. no, you prove to us you can solve this problem before we give you all that power. >> i think it is a theory that politicians are trying to control the national discourse. this is what we are concerned about. on both sides of the

see >> : warren buffett the final bid for the auction 2,166,000 got $766.tem will charge >> : memorial church >> : history as hartley's dealing cares about people we serve >> : the choir on past the at inspiration to the event passers remembers when the idea for the power lunch sparked. wife was no. and we did not know and she didn't tell us for very long time family when she told us it was almost on is on sunday warned with her begin know who he was when the king and the church and said so what are you my husband more about that. we were shocked the money raised will go to support the homeless shelter kitchen job training programs and drug up a paltry and programs >> : a discovered a very interesting new mobile app you wont see this before i spend another dollar at a retail clothing store stay tune coming up in the tech report >> : a very interesting immobile shopping application for women that helps get incredible deals on high-end fashion and name brands helps them do it in a very new and unique social way >> : torchmark grown personal shopping network.

just hours remaining to the auction for the lunch with warren buffett. how much a local charity could actually make. >> a lot of people are going to pay money for that. >>> and going for the triple crown, we'll take you to the belmont stakes live, coming up. >>> we're following breaking news right now in hayward where an elderly woman has died in a house fire near townsend avenue and highway 92 interchange. christie smith just arrived. >> reporter: two people made it out, a husband and a wife, and they were able to tell firefighters that an aunt, an elderly aunt was still inside the home. firefighters say first, though, they had to try and put this fire out. you can see how badly damaged this small home is and they say that smoke and flames were pouring out of both of the front windows and also the front door. so right now what they are doing is everything is out but they are waiting to go inside. they sprayed a lot of foam in there. they want that to die down before they can take a look inside. they are looking at a couple of possible of causes, includi

buffett said this on cnn in april. >> i thought about it for 50 years, and i don't know the answer ont. >> there is, in fact, a better way to help the working poor. what's more, it's something that has some bipartisan support and something that the vast majority of economists agree will make people better off. what could it be? drum roll please -- we need to raise substantially the earned income tax credit. i know, i know, you don't know what i'm talking about and anyway, it sounds really boring. let me explain and you might be excited, too. the earned income tax credit, the eitc is a tax refund for people who earn under a certain threshold annually. so, if you earn under $51,567, you automatically get an extra refund check from uncle sam. so the average worker got anywhere from $2,000 to $6,000 back in 2012 depending on how much she made whether she's married, how many kids she has. what i'm suggesting along with many others is that more people should get more money back through the eitc. here's why the earned income tax credit is a more effective way of attacking poverty. the congre

this is what ebay looked like just a few hours ago for the highest bid to have lunch with warren buffett. it's topping $1 million. the auction benefits san francisco's glide foundation. it's the biggest fund-raiser of the year for the nonprofit. so many people try to take advantage of the time to sit down with this billionaire, you know, investor to try to get his take on things, maybe present something to him. >> i have a presentation for warren buffett. do me one favor, if i'm going to spend $1 million to have lunch with you, bring donuts because it makes everything better. >> there you go. it's 6:26 right now. >>> still remembering the fallen right now as the world comes together to mark 70 years since d-day. >>> here's a live look at the remembrance ceremony that is under way right now in normandy. quite amazing to see all of the dignitaries that are there, including queen elizabeth, ii, and president obama taking part in the ceremony to honor those who lost their lives on the beaches 70 years ago. just a few hours ago, the president actually spoke at the ceremony there and there is

. >> if you want to go one-on-one with warren buffett, you can. >> but it will cost you.le of bucks. ebay auction to dine with warren buffett ends tonight at 7:30 and the money raised goes to san francisco glide foundation and here is where it stands right now. $1.1 million. 85 bids so far. i can see a couple of guys that have been bidding feverishless, but, you know, you have 13 hours left, 13 hours and 35 miles per hours and 42 seconds and 100 percent of the proceeds benefit glide foundation. if you have a couple million to spare, give it a shot. good luck. >> good luck. >> time for a check on the weather forecast. >> it is 59 for the mets dropping to 55 so dress according. excessive heat at las vegas or death valley, 111 in las vegas and 120 in death valley and if you are running around the rest of state we have 92 in sacramento and nearly 100 in chico and fresno. 79 if lake tahoe. that is warmer than the 70 in san diego and 76 in los angeles. >>> we hear ace train three was delayed by a freight train from stockton. we will watch that. in san jose, we have traffic buil

in my book warren buffett is not among them. i'm not sure but the figures you cite that he hasn't been a major player in even more generally i would say that there are a whole class of very wealthy liberals who do not give as much money as a percentage of their income into politics as do the very wealthy conservatives like the koch brothers. you could look and say sheldon hamilton is worth $40 billion why do you only give $100 million to defeat barack obama but that $100 million out of the $40 billion is still a much higher percentage of his income than bill gates for instance who by all accounts is basically a liberal and democratic causes warren buffett is another example. warren buffett gave as much as a percentage as koch to the democratic outside groups and super pacs. in my book i do get into these efforts to court these very wealthy liberals who just have not dissipated and come off the site low to participate in this big-money politics in a way that republicans have. >> how is that looking forward in 2014 or 2016? >> gue

buffett and mr. icon did, we'd look at that as an opportunity. >> we've come a long way since 2008 and 2009. what are you telling investors now? >> we have some on the side. we're looking at long term growth. baby boomers are aging getting to retirement. that means health care sector will be hot years to come. energy as well. that's always a giant concern. these are global issues. >> do you think the downturns will come from the fed and other central banks making move and misstep or political tensions like what we're seeing in iraq? >> both. it's anybody's guess becky. both things i think we're watching. we're watching both of those play out in iraq. >> i'm a mooized iraq hasn't had more of an impact. obviously oil prices but not the stock market. >> you don't. you see now oil is around the $125 a barrel level. the risk is that it could dramatically increase prices in the summertime expansion for people traveling. all of those -- oil, gas, jet fuel, they've been expanding dramatically. then again you

last year a man paid that amount to have lunch in new york city with warren buffett and several guests, part of a fundraiser. all of the money from the charity power lunch with buffett goes to help feed people, house the homeless and maintain programs to prevent violence. >>> horse racing history could be made in new york later today. it's been 36 years since a horse won the triple crown, but california chrome, bred in the central valley, has a chance to become only the 12th horse to ever win the kentucky derby, the preakness stakes and the belmont stakes. here's lindsay zarniack with other sister network, espn. >> california chrome shines bright in the kentucky derby. >> california chrome keeps getting better. and better. >> california chrome has won the preakness! >> if he does it one more time, he'll become the best race horse we have seen in 36 years. >> i'd be a happy man before i die. eye been to four before that haven't made it i think this one could do it. >> this is california chrome this morning going for his jog hours before he runs the biggest race of his life. the story is

. >>> and the bidding ends tomorrow for a chance to have lunch with billionaire investor warren buffettit's the 15th year of that fundraiser for glide in san francisco where buffett's late wife was a member and volunteer. the current bid, it stands at $1,100,000. >>> only on five a different way to avoid gridlock on the roads. a mountain view startup created a souped up skateboard. our kiet do tested it out. >> reporter: experts say within a decade terminal gridlock is coming to the bay area. it's where cars are stuck in traffic for hours or days. the remedy? public transportation. but when it comesto commuting there's a problem known as the last mile. basically, how do you cover that last mile or so from the train station to your office? you could lug a bike on the train but that's just so analog analog. introducing boosted a long board with dual 1,000 watt motors 40-volt lithium ion phosphate battery and re-gen breaking the tesla of skateboards. >> this is the safety trigger and then you roll the wheel forward. >> reporter: off you go. oh, no joke! whoa! with the top speed of 20 miles

. >>> bidding ends tonight for a power lunch with investor warren buffett.fits glide in san francisco and the winning bidder can invite 7 friends for a meal at a steakhouse in new york state with warren buffett. the highest bid now is about a million dollars. bidding ends tonight at 7:30. if you are interested, you got a million bucks, and you're hungry -- >> you can do it for free if you just get seated next to his table, right? [ laughter ] >> good point! i think it has previously gone for more than $3 million. so the bids will probably come in at the very last minute. all right. >>> let's go outside show you what's going on. we have sensors slowing down at the livermore valley. even though it's one of the slowest drive times it's still "friday light" across the bay area, no major hot spots. 22 minutes is down from usually this time of the morning between the altamont pass and 680. bay bridge metering lights were turned on at 5:52 so you're backed up into the overcrossings especially in the 880 overcrossing by now, still about 15 to 20 minutes to get you o