who the potential successors for buffett are buffett said he's feeling great, doesn't have any healthr anything going on, but he does say it will give jain and able time to really get to know the businesses they don't know already jain is running all of the insurance businesses for -- in this new role. all the insurance businesses for berkshire hathaway, and able is running all the non-insurance businesses it will give them a chance to understand the businesses they haven't spent quite as much time with before. we also spoke a lot about the stock market today the stocks are down today. people concerned about what they see with bond yields rising. and just with the long run that we have seen, but when it comes to stock market bubbles, buffett said he does not see a bubble in stock prices >> they're not valued at interest rates what has happened in the market has been sensible. nobody thought we would have these kind of interest rates for a long time. additionally, you have the tax act, which is a huge factor in valuation. >> more on the tax factor in just a moment. but where does he se

buffett square >> buffett conveyor. >> we've been noticing how the futures have been holding negativeorning long. this is after six straight record closes for the s&p as well as the nasdaq really a change in tune for 2018 s&p looking to lose about ten at the open dow looking to lose about 1100 nasdaq going to be down by about 38 points here just taking a scan of premarket action it looks like a lot of the fang stocks, for instance, are down about a percent premarket along with tesla, where we are seeing some pressure here taking a check on what's going in europe, and we are seeing a similar sort of action here with the da kb down the cac is also down the rest of the markets there are just fractionally changed. this is the story of the morning. the move in treasury yields. it's not just u.s. yields moving higher the ten-year yield at 2.59% is the highest level at least since march of last year we're seeing worldwide bond yields rise as well. we're seeing a rise in the ten-year bunde and jgp that is helping to lift the action on the yield side >> our top story this morning, this is grea

is buffett right about crypto? or does one of the greatest investors of all time have it gone bk, you're going to say yes, he has it all wrong >> you know what, i'm not going to say he's got it all wrong there are parts of the crypto market that are in a speculative frenzy you're getting valuations in some of these things, i'm not necessarily talk about bitcoin, some of the smaller coins, you're starting to see speculative frenzy they don't have much behind them and they will end up bad in that particular sense an important thing to remember here is, you had a bubble in internet stocks, but it was still a transformative technology amazon, facebook, google, all came out of that era if you're looking at what's the next internet investment over a long time frame, then buffett is completely wrong >> i'm invested there. i don't know how we're doing on valuations, brian. you talk about valuations being fraught. i'm not even sure what's there i'm surprised mr. buffett didn't talk about the equities that are attached to cr

>>> and then there were two. 87-year-old warren buffett is one step closer to naming his successor after elevating two key figures at his sprawling conglomerate. > newman's own tax trouble. the well-known brand faces a 200% tax hike and a lot of questions now about its future. those stories and more tonight on "nightly business r for wednesday, j >>> good evening, everyone, and welcome. stocks faltered a bit today after a strong start to the year. the s&p 500 and the nasdaq closed lower for the first time in 2018. some are attributing the decline to good old fashioned profit taking. others pointed to nervousness that higher inflation could force the fed to be more aggressive when it comes to hiking interest rates. the result was a drop in stocks. the dow fell 16 points. the nasdaq was off ten. and the s&p was down three. investors are paying more attention to the bond market these days. yields have been rising. that could usher in big changes for stocks and the economy. steve . >> reporter: interest rates are rising, presentin a challenge to economic growth and to the stock market. but s

buffett and ask him whether he agrees with it, markets fluctuate.g-term what we should care about is the health of the american people, the welfare of the american people. i don't think that tax plan does a thing for them it's terrible for them >> at the same time, tom, i mean, even sending the stock market aside, we have 4.1% unemployment we actually seem to have momentum in the economy. whoever deserves credit for it, and the republicans will be able to say -- point to this tax plan in an already strong economy and say maybe that had something to do with it is that your uphill battle >> i don't think this is an uphill battle. i think the fact of the matter is in spite of everything you're saying, and i know what you're saying, so trust me, i think i spent 35 years watching economics in markets, the fact of the matter is -- i really did -- >> we know. >> the fact of the matter is the american people have not had a raise in 35 years. so we keep looking at averages if you will excuse me for saying this, you guys keep looking at averages if all of the

alphabet did buffett missed these yes. should he have i say who cares. he made it his way that begs a very good question. they missed all these stories because of their old saw it stopped them from taking what turned out to be a calculated gamble on four companies that would have made fortunes for those who believed things really would be different this time so cryptoids, give buffett a break. anyone who believes these four words are deadly should ask themselves what good is it that kept you out of the greatest wealth creators of the era the success of faang says the wisemen are wrong and the frays should be retired. stick with cramer. >> get your market fix find smart money tips. catch top ceos. >> what's your response? >> see the cramer remix. >> can what stocks fit you >> watch can all online. cnbc's got the clips i think we should do that meeting tomorrow. well wait. what did you think about her? it's definitely a new idea, but there's no business track record. well, have you seen her work? no. is it good? good? at cognizant, we're helping today's le

jeff bezos, warren buffett and jamie dimon are getting into health care.e hathaway and morgan are looking to provide tech solutions for health care at a reasonable cost. will eventually be used to challenge long-held industry norms and at the heart of the partnership is a solution to the rising health care for companies. cory johnson is in new york with a special guest. one of the important companies that is looking at this business is collective health. his self-insurance possible? i am here in new york and we can talk things to the magic of technology. technology make providing self-insurance for these companies possible in a cheaper way? is technology to key year? -- here? >> you can't really have one function well without the other. it has been our belief and experience that technology can drive the change in the health care industry more broadly. yes, absolutely. these are smart guys, jamie dimon, warren buffett, jeff days us. -- bezos. i figured out what they will do. here's what i think might happen, amazon might think about getting a license to pro

that is the area where i have chosen to take the wealth created through microsoft and warren buffett has been so generous in providing. i understand that money can be very well spent.

. >> did you hear the warren buffett interview? >> it sounded like he was selling to me. >> it sounds like there will be big news about ibm not good >> it sounded like part of that was for taxable reasons, that's not necessarily a bad thing. >> okay. >> secondly, he bought that

. >> did you hear the warren buffett interview? >> it sounded like he was selling to me. >> it sounds like there will be big news about ibm not good >> it sounded like part of that was for taxable reasons, that's not necessarily a bad thing. >> okay. >> secondly, he bought that because of the buyback my view on this is what's the catalyst that will move ibm shares higher? they are huge in the two biggest tech trends we have coming up, ai and blockchain. why wouldn't you want some of your portfolio to be in that ibm does not get enough credit for that therefore that's why it's cheap and why i think it's going to get more expensive and this is bk is on to something, tim gave him cukudosn it a week and a half ago maybe they've finally turned this thing around and it's very difficult to be short this stock in this environment into earnings when they potentially have so there's a very good chance ibm, i can't believe i'm saying this, will continue to run into earnings, i think it's 2 1/2

in a broadcast yesterday buffett said the movement is part of a succession over time.years old and for now will retain his position as chairman. >>> diet coke is getting a makeover. coca-cola is adding slimmer diet coca-cola cans. coke says the taste of regular diet coke will remain the same. they say it's an effort to appeal to millennials. diet coke sales have fallen as people have switched to over low calorie drinks. >> they dropped off a sample pack yesterday and by the time i saw it, they were gone. we have a lot of millennials working here, so perhaps this is a good move for them. diane king hall at the new york stock exchange. thank you so much, diane. >> all righty. >>> still ahead, air travel taxi. a peek into the consumer electronics show. . neutrogena® rapid wrinkle repair® works in just one week. with the fastest retinol formula available. it's clinically proven to work on fine lines and wrinkles. one week? that definitely works! rapid wrinkle repair®. and for dark spots, rapid tone repair. neutrogena®. see what's possible. we know that when you're >> tspen

buffett is so returns precisely because he doesn't react with alarm to nonalarming things.nd he's been in the business long enough to know there is nothing wrong with buying stocks right here right now, i'll go one step further in a way i'm glad these cassandras are out there driving the market lower because they're going to give you a better entry point for your 401(k) or your i.r.a. the bottom line, don't be careful what you wish for, when good things happen embrace them. there's a cohort of money managers out there who need stocks to go lower and they will say anything to make you feel afraid they are the anti-goldilocks crowd. nothing is ever right for these people it's always too high or too low and definitely pointing to some looming catastrophe. these bears would be great in a horror movie just please don't take the financial advice all that seriously. i'd like to go to tony in california tony >> caller: hey, cramer >> yo, yo. >> caller: how is it going. >> great day got back from florida. boy my arms are hurt. >> caller: i'm hanging out in the rain in california. >>

buffett and jamie dimon and amazon is enclosuclearly is havn impact the expectation would be that you'd see increased m & a in 2018 when you're getting significant selling like you're getting in the managed health care space you're going to see a dow tape clearly under pressure. >> steph, the dow was down 350 around there, at the low yesterday sold off into the close. what's this about? >> i think it is a little bit about rates but not fundamentals of the economy, it's not about earnings because earnings continue to go higher. it's about getting overbought. we're up 7% in january still the best since 1989. however, you're up on top of 19% last year. so we've had a nice rally. we haven't had big corrections, we haven't had big pullbacks sure, rates are going higher and it's something to be mindful of. but we go back to the economy, the economy not going into a recession. we're probably going to accelerate and earnings cash flow remain stellar. >> we're not ready for a swift move in rates, are we? clearly investors are saying we're not. >> i don't think so. i think it's going to be gradua

diamond, basis and buffett,

thank you for that warren buffett announcing two new vice chairs on "squawk box."e will talk to john rogers and then house majority leader kevin mccarthy will update us on the progress of a spending bill to avert a government shutdown. >>> and we'll talk stocks by katie stockton back by popular demand she's been so right about this bull market. you're watching "squawk box" on cnbc tomorrow, it's a day filled with promise and new beginnings, challenges and opportunities. at ameriprise financial, we can't predict what tomorrow will bring. but our comprehensive approach to financial planning can help make sure you're prepared for what's expected and even what's not. and that kind of financial confidence can help you sleep better at night. with the right financial advisor, life can be brilliant. like you do sometimes, grandpa? and puffed... well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said... symbicort could help you breathe better, starting within 5 minutes. symb

it's owned by warren buffett.at is a great tale of how a company reinvents itself continually and is now looking to people who hate what shoes do. it's a great story. carol: are you a runner? megan: do i look like a runner? no. julia: we all claim to be that. >> one of the things i found interesting when working on this story is that there are sports and athletic industries that track this stuff and since 2001, 13 million people have taken up running, the equivalent of the state of illinois. carol: let's talk about why you were writing about this company because i told you i had never heard of them and my husband had a foot injury and he bought one of these a year ago. who are these people? this is a company that has had, it has been around for a long time, give us a history. it had troubles but it's really come back strong. >> it's been around since 1914, but it's been owned by many different people throughout the years. carol: private equity, right? >> yeah, so they started making baseball cleats and victorian e

amazon founder jeff bezos and billionaire bff warren buffett along with jamie dimon reveals a plan to revolutionize health care, and in doing so, put the entire health care sector in the emergency room at this hour. multiple subsectors from insurers to drugstore chains to big pharma painting the broader markets a deep shade of blood red. president loves to watch the stock market, not sure he's loving this first major sell-off of 2018 coming just as he gears up to deliver very first state of the union address to the american people, scheduled for six hours from now. we know that he is rehearsing for the big speech as we speak. no doubt ready to take a big victory lap as the job market, the stock market and tax reform have done great things so far for the country, but could today's sell-off inspire him or force him to make any last minute edits? >>> plus can he deliver a plea to both sides of the aisle in order to kick his 2018 economic agenda into full gear? fair and balanced. we'll hear from two congress members in leadership positions who will be front and center at the state of the

they're all saying buffett missed amazon, missed google and now he's going to miss this. what does he know? and i come back with that 20% lifetime performance but they are not -- they say he missed it. one guy says he's got to get on the bus or else. what is that >> he's lost his touch has 304,000 a share or something like that. >> buffett, he was great at one time >> delta is up positive in all five region for the first time in five years and raising guidance for the year, citing additional benefits from tax reform, which is an interesting discussion, because they say it's good for the corporate spend. the airlines themselves don't pay high-cash tax rates, but the expensing is obviously a big deal >> yes, it is. but the other thing about delta, by the way, see their operating cash flow? these are companies, we're all used to them having no money now they have a lot of money and they can start buying equipment. do you ever wonder why boeing is up every day, like a buck and a half before the market begins? do you see that? >> i have seen boeing for a long time, we pointed

i think the 250 to 263 area is going to be traded quite a lot, and i hugely agree with warren buffett, taxes are huge. you know, it's the calibration it's how we are evaluating the stock value and the future, and as far as mr. gundlach, i disagree there are going to be times where stocks aren't going to behave as well as they have, that's only logical. i don't think we're going to end with negative equity >> you know, steve, the one interesting difference between what warren buffett and bill miller were saying with, both see stocks potentially going higher, warren buffett was saying you can justify valuations because interest rates are so low bill miller told us he thinks it'll happen in the market if interest rates move up i can lose money just like they realized in 2013 that's splitting hairs a little bit, but how do you think the market is taking this latest move higher in the ten year? >> the basis point rally in yields, that's not enough to take the focus off of equities rick just said it, he could see it at 301, that is still not enough to take it away from equities you have to

think itsiness leaders is necessary, warren buffett says the u.s.ealth care system is a tapeworm on the u.s. economy. the cost is ballooning. what does the u.s. spend on health care versus the results that it gets? -- the unitedcan states of america spends 17%, 18% of the gross amount of product on health care -- gross domestic product on the health care while france or germany with better results in terms of life expectancy and so on, spend about 12% or 11 point something percent, not mention the united kingdom with 9%, 10%. the prices for health care, medical customizations, surgery, 5% increase of 4%, 5% increase in the five recent years, far more than the increase in the economy. there is a gap between the capability of the people to pay for health care and the cost. therefore, there is a need for a new model. the willingness of president obamacare, i will not get involved in the american policy,, but there is a big discussion how to make most, if access toericans with quality care. >> once the announcement came out, we saw $30 billion come off

as you can imagine, buffett was right. girls inc. will end up with it. it will cloud berkshire hathaway stocks. the shares now worth more than $2 billion. >>> a month after the oakland unified school board approved $9 million in school cuts, the senior business officer is leaving. the district said vernon howell has stepped down from his post. some said he was responsibility for the budget crisis. the summit called him a long time dedicated servant of our students. >>> a new high wise residential apartment complex proposed for south of market could be a real head turner. check it out. those might look like four separate buildings but there are two because of a unique spiral design. the first eight floors of each 39-story tower angled inward before coming together on level nine. the buildings work built at fourth and townsend streets. this is video of the location from drone view 7. abc7 news took a sneak peek institd convention center for hundreds of new cars, trucks and suvs. they're all on display. >> in addition to test drives around the convention ce

pressure hathaway has named successors for warren buffett.rman of the noninsurance business will be vice-chairman of the insurance unit. buffett once a success for -- successor to be torn from the ranks. that is according to emmanuel macron. china accounts for almost a quarter of sales. >> president trump made an economic growth priority. speaking with an authority. -- joining us up on capitol hill, welcome, senator, good to have you here. you were in a meeting on immigration -- immigration. where are we on this? can democrats and republicans come together and do with immigration all the same time? >> the president accomplished two things. he brought a diverse group of people from congress together .nd we agreed on the scope we agreed on the daca situation, wall, andurity on the also to eliminate chain migration and eliminate this lottery. the president went a long way to bring a diverse people -- group of people together. >> there seems to be a widespread agreement. sense, increased numbers and workers. inhave declining workforce terms of th

>>> coming up on the show, if you trade this asset it won't end well find out what where remember buffett is warning about after the break. . >>> welcome back to "street signs. china is denying that it was consider i considering buying purchases of the u.s. debt. ten-year note deals spiked after it was reported that beijing was considering a halt in bond buying in a statement on its website, the regulator said the news quoted the wrong source of information or may be fake news. >> convenient response, fake news it's catching on. >>> bitcoin has fallen sharply after the south korean government announced its preparing legislation to ban cryptocurrency trading seoul has expressed concerns about crypto trading warren buffett said while he doesn't know anything about crypto trading, he believes it will not end well. >> i get in enough trouble with things i think i know something about. why should i take a long or short position in something i don't know anything about. so, you know, we don't have to know what cocoa beans are going to do or cryptocurrencies, we have to focus on 8 or 10 stocks t

as warren buffett said to me. he said i said this many times. looks at me, and he goes i have to tell you. the stock market is a device that transfers money from the impatient to the patient. he says if you stay patient, and you stay -- he says, look, tony. get in the market. here's what i tell people. stay there and do nothing. >> a thanks to tony robins. this special edition of wall street week returns right after this. >> up next, bitcoin mania. what did jeffrey think about it before the value went to the moon? find out when wall street week returns. narrator: eva-marie smoked 12,000 packs of cigarettes over 15 years. she quit and now there's a new lung cancer screening that could save her life. you stopped smoking. now start screening. no matter how much you smoked, early detection could save you. talk to your doctor or learn more at savedbythescan.org maria: what to say about bitcoin. it has been a curiosity and mystery for a while now. but only did this year did its value start to rise at a stunning rate. in october, i sat down with billio

warren buffett's -- warren buffett said we do not accept it as inevitable. >> healthcare is extraordinarilyicult. >> reporter: health group stocks slid today. ktvu, fox 2 news. >> on wall street that pushed the dow lower today. nasdaq dropped as well. >>> afternoon highs came in about the seasonal norm. those numbers are not going away. we will continue the warming trend as we get to the weekend. a look at some of those numbers from earlier today. san francisco and oakland checked in at 64. 70 degrees in san mateo. upper 60s in san jose. as we get into the overnight hours, it will be another cool one before we move forward. take a look at some of these numbers from earlier. 87 degrees in southern california. on the flipside 36 below zero in eli. we are looking at a chilly sunday for the super bowl in minneapolis. they are feeling something a whole lot different. we will have partly cloudy skies getting into tonight. i think the fog will come back into portions of the north bay. if you are thinking about going out early in the morning to see the blueblood moon, be prepared for some fog in th

b buffett called rising costs a vivid tapeworm. these in company they will create will be free from profit making and constraints. that got a lot of attention, they could disrupt healthcare and that disrupted healthcare stocks. shares tanked yesterday atop insurancer united health fell 4%, drieving the dow down 360 points. the worst day since may for stocks. >> the president made a lot of big claims on unemployment, tax cuts, terror and more. were the claims factor fiction or was it a mix? we will break it down from washington. >> harey, christine and dave, t president made huge claims of what he has done for jobs. >> since the election, we have created 2.4 million new jobs. including 200,000 new jobs in manufacturing alone. african-american unemployment stands at the lowest rate ever recorded. >> of course, the recovery started under barack obama it has however continued under president trump, and president trump has his numbers right. african-american unemployment while much higher than white unemployment is at a record low. so a

liz: warren buffett famously sold a third of his ibm shares in november. smarter than you or has he some very bad timing here? >> he is very much smarter than i am, however -- liz: don't sell your short, chris. >> warren buffett, he doesn't publish his performance numbers unlike us mortals in the investment business who live and die bit. we have a different standard. liz: tell me what do you think overall, we'll continue to drive the market, if at same pace or more quickly than what we saw in 2017? we have gotten off to a roaring start for the first three sessions of 2018? >> the one caution would be it is going to be back and forth between a more, fed that actually is more bullish, and, the earnings. and if you have a fed that is, raises three or four times i think it will be a war between the two. and certainly my view is that the earnings will win. we should be up nine to 10%. i think we could do maybe 140 on the s&p for earnings. so that calculates out to somewhere around the, you know, 3,000 on that and 27,000 five on the dow. liz: interestingly we bl

. >>> health care tape worm.en wa buffett, jeff bezos and jamie dimon are joining forces to create a system that costs less and gets better results. >>> and state othe union. the president addresses the nation tonight on capitol hill, and the economy will be front and center. those stories and more on "nightly business report" for tuesday, january 30th. >>> good evening, everyone, and welcome. it was stugly. ks fell sharply, extending yesterday's losses. health care shares took atu le. and we'll have more on that in just a moment. and bond yields rose t a near four-year high and that was enough to batter stocks. falling the most since august. the dow jones industrial averag dropped362 points to 26,076. the nasdaq was off 64. s&p 500 was down 31. babb pass any has more on today's selloff from the new york stock he can change. >> the steep selloff continued today on wall street bringing the dow down 4100s after session lows. we haven't seen that for a long time. energy sem i conductors, industrials, key economic benchmarks wdae all down toy. what's going on?er there are s risks to the

the year and many people lost their homes they vulture capitalist a private equity groups warren buffett they swooped in and they bought hundreds of thousands of units for pennies on the dollar and now they have become america slumlord and yes they're making a nother two trillion dollar hit but the black community was completely disenfranchised and now they're on the streets of course because they've been made homeless by warren buffett and his elk the biggest gain in the number of billionaires was thirty eight chinese billionaires on the bloomberg index added one hundred seventy seven billion dollars and twenty seven thousand a sixty five percent gain.

of the year and many people lost their homes they vulture capitalist private equity groups warren buffett they swooped in and they bought hundreds of thousands of units for pennies on the dollar and now they have become america's slumlord and yes they're making a nother two trillion dollar hit but the black community was completely disenfranchised and now they're on the streets of course because they've been made homeless by warren buffett and his elk the biggest gain in the number of billionaires was thirty eight chinese billionaires on the bloomberg index added one hundred seventy seven billion dollars and twenty seven thousand a sixty five percent gain that was the biggest of the forty nine countries represented a lot of it to do with the likes of ten cent. and ali baba and all these sort of tech companies you saw the same in the united states it's jeff bezos and mark zuckerberg were the two biggest adders and gainers in terms of their wealth i think jeff bezos is now over her hundred billion dollars and that wealth the biggest loser on the list was prince i will lead to bin tell all h

as warren buffett said to me. he said i said this many times.ve to tell you. the stock market is a device that transfers money from the impatient to the patient. he says if you stay patient, and you stay -- he says, look, tony. get in the market. here's what i tell people. stay there and do nothing. >> a thanks to tony robins. this special edition of wall street week returns right after this. >> up next, bitcoin mania. what did jeffrey think about it before the value went to the moon? find out when wall street week returns. ♪ (news anchor) downtown traffic is still bad. expect massive delays. (news anchor 2) all lanes on highway 50 remain closed at this hour. (news anchor 3) the stats are in and this city leads with some of the worst traffic, with the average driver sitting in gridlock the equivalent of three days a year. for every hour that you're idling in your car, you're sending about half a gallon of gasoline up in the air. that amounts, over the course of the week, to about 10 pounds of carbon dioxide. growth is good, but when it starts im

as warren buffett said to me. he said i said this many times.looks at me, and he goes i have to tell you. the stock market is a device that transfers money from the impatient to the patient. he says if you stay patient, and you stay -- he says, look, tony. get in the market. here's what i tell people. stay there and do nothing. >> a thanks to tony robins. this special edition of wall street week returns right after this. >> up next, bitcoin mania. what did jeffrey think about it before the value went to the moon? find out when wall street week returns. i know when i hand them the keys to their first car it's gonna be scary. but i also know that we're gonna have usaa insurance for both my boys. it's something that they're not even gonna have to think of. it's just gonna be in the family. we're the tenneys and we're usaa members for life. but when we brought our daughter home, that was it. now i have nicoderm cq. the nicoderm cq patch with unique extended release technology helps prevent your urge to smoke all day. it's the best thing that ever ha

as warren buffett said to me. he said i said this many times. to tell you. the stock market is a device that transfers money from the impatient to the patient. he says if you stay patient, and you stay -- he says, look, tony. get in the market. here's what i tell people. stay there and do nothing. >> a thanks to tony robins. this special edition of wall street week returns right after this. >> up next, bitcoin mania. what did jeffrey think about it before the value went to the moon? find out when wall street week returns. returns. ♪music ♪yea, you can be the greatest ♪you can be the best ♪you can be the king kong ♪bangin on your chest ♪you can beat the world you can beat the war♪ ♪you can talk to god while bangin on his door♪ ♪you can throw your hands up you can beat the clock♪ ♪you can move a mountain you can break rocks♪ ♪you can be a master don't wait for luck♪ ♪dedicate yourself and you can find yourself♪ ♪standin in the hall of fame ♪yea ♪and the world's gonna know your name, yea♪ ♪and you'll be on the walls of the hall of fame♪ ♪you can be

as warren buffett said to me. he said i said this many times.device that transfers money from the impatient to the patient. he says if you stay patient, and you stay -- he says, look, tony. get in the market. here's what i tell people. stay there and do nothing. >> a thanks to tony robins. this special edition of wall street week returns right after this. >> up next, bitcoin mania. what did jeffrey think about it before the value went to the moon? find out when wall street week returns. returns. ♪ prices of the season' on the only bed that adjusts on both sides to your ideal comfort your sleep number setting. and snoring? does your bed do that? it's the lowest prices of the season on the queen c4 mattress with adjustable comfort on both sides. now only $1199, save $400. plus, 24 month financing available. ends monday. visit sleepnumber.com for a store near you. i realize that ah, that $100k is notwell, a 103fortune. yeah, 103. well, let me ask you guys. how long did it take you two to save that? a long time. then it's a fortune. well, i'm sure y

-- warren buffett and jeff bezos. the language of the press release suggested to me that managed care could be part of what they are, what they are targeting. one example, when they talk about a new company, free from the constraints of seeking , that comes closer to describing something that is differentiated from managed-care, which is where the companiesfor profit are more than 50% versus hospitals. vonnie: i want to show viewers the managed-care index. and it was done a lot more, earlier. it is dropping like a stone, today. those are the main companies that could be targeted. this is not the first time that a group of companies has come together to try to improve what is being seen as a very dismal sort of health care industry in the united states that is not held to lawnmower the government. fair, i think it was quite a while since we have seen something like this and i think we have never seen something back with this kind of potential firepower. is, whathe question are they aiming to do? are they making this in

of the year and many people lost their homes they vulture capitalist private equity groups warren buffett they swooped in and they bought hundreds of thousands of units for pennies on the dollar and now they have become america's slumlord and yes they're making a nother two trillion dollar hit but the black community was completely disenfranchised and now they're on the streets of course because they've been made homeless by warren buffett and his elk the biggest gain in the number of billionaires was thirty eight chinese billionaires on the bloomberg index added one hundred seventy seven billion dollars and twenty seven thousand a sixty five percent gain that was the biggest of the forty nine countries represented a lot of it to do with the likes of tents and. ali baba and all these sort of tech companies you saw the same in the united states it's jeff bezos and mark zuckerberg were the two biggest adders in gainers in terms of their wealth i think jeff bezos is now over her hundred billion dollars and that wealth the biggest loser on the list was prince i will lead to bin tell all he's

change the game for your money we'll tell you why you need to care the battle over the bull run warren buffett telling cnbc the reform is not yet baked into the rally. bill miller calling for a, but jeff gundlach expecting the s&p to fall. who is right and blockchain bonanza kodak, the stock soaring, can you picture that in "power lunch" starts right now. s. >>> hey, everybody welcome to "power lunch" for a wednesday. thanks for joining us. i'm tyler mathisen, stocks on track for the first down day maybe for 2018, and -- you want to be volatility you won't see it there look at those moves. the dow just peeking into positive territory by 0.01 of a%, led by the airlines, american, united, delta all flying a new ten-month high and breaking news on the ten-year auction results just moments away we're above 2.5% home construction stocks tracking for their worst day, folks, in more than a month. morgan >> i am morgan brennan are rising interest rates a threat to this rally we have all the angles covered rick santelli in chicago watching an auction of ten-year notes. steve liesman here on set on the

. >> warren buffett isn't either. >> hold on you're 1,000% wrong on david tepper you are 1,000% wrong on tepper i'm intimately familiar with the strategy david could be net short the market. >> warren buffett has over 100 billion in cash, the biggest stockpile he's ever had. is that a raging sghul. >> wraarren buffett has come out and said. >> they are not guys necessarily overfocused on calling the top of the market, neither one of them. >> that's not true just not true. >> bank of america, and merrill lynch -- >> i spoke to dave last night. >> can we go to scott? >> they raised the question of, okay, what level of bonds will cause stocks to get a little upset? they say the better question is what level in the s&p causes the fed to hike by 50 bits is the fed the unknown risk to this story will they hike faster than people think, more than people think or more times? >> firstly i think the fed is not going to respond to a level on the s&p 500, and i think that -- so at what level on inflation causes the fed to hike 50 basis points faster than what is priced in the market and has nothi

warren buffett talked about this on wednesday.et's listen to him. >> in terms of cryptocurrencies, generally, i can say almost with certainty that they will come to a bad ending. now when it happens, or how or anything else i don't know. >> now, i remember in the early 2000s, warren buffett saying the same about the tech bubble. while he was right about the bubble at the time, he's not generally been one at the front end of investing trends. should we be believing warren buffett on this? >> in this case, yes, because it's gotten crazy. we're at the peak of this bubble right now. it's going to burst. people are going to lose life savings because of scamsters in silicon valley and outside hyping it. talking about bitcoin worth $1 million, and then you have investor types saying, hold on to it for the long term. all it does, give them a chance to sell out. hyping it, they will cash are g cash out and the poor are going to be left holding the bag. it's a scam. i'd strongly advise people not to fall for it. however, block chain does ha

meanwhile, warren buffett, let me just, if we go back to that warren buffett says that he would buy ge the right price. we're talking about ge. that may not be his decision forever. the 87-year-old "oracle of omaha" outlining a succession plan today, folks hitting all-time today, after promoting two top executives to vice chairman. joining berkshire board solidifying their status potential successors to one of the world's richest men. there is liz as always in the crowd. walking along and sitting and talking about warren buffett. >>> how about this, bold prediction from a billionaire investor, jeff gundlach, saying in his annual wecast yesterday, quote, my prediction for 2018 that the s&p 500 will have a negative rate of return. is he right? let's bring in dan chung. do you believe wee get negative return on s&p this year? >> no, i don't believe we'll get a negative return. the economy is too strong. you don't see corrections in the stock market until, or recession is in site. we don't see that this year. alger analyst team, scours a lot of industry and asks a lot of questions. we thin