like warren buffett famously walks into a room if you walked into this room here there's four or five of us here we would be worth on average what probably about five billion dollars each write something along those lines yes so it's an interesting fascinating story shows you that the even back then there was a lot of interesting economic vagaries that must be contemplated when you have such incredible wealth i mean talking about whether it's warren buffett or jeff bezos or the rockefeller's or any of these huge fortunes out of come and gone they do have these ripple effects on the economy and you know they do. many times engender a reaction and then that becomes political policy and then that shapes the economy and shapes politics and shapes our society it's shaping our society right now. so is donald trump of course and there's an infrastructure plan this headline reads higher inflation trump tax and spend boom sends investors looking for fed clues the upturn in inflation is already nudging u.s. interest rates higher even before the federal reserve's next meeting five weeks from now

i don't think buffett comes in at the common level. maybe he has warrants, i believe that's what he did ten years ago, but the point being he's going to get his return from being higher up in the capital structure. steph, to your point about whether the company needs cash or not, the one place it really needs it is the pension underfunding there that is a real need right now. that will give them time to invest in and get the costs down in power generation and oil and everything else. frankly, i have to say this strongly i really hope it is buffett. otherwise the other five people or anyone else could be getting sucked into a value trap buffett is guy who goes directly to the company, says this is what the money is for, this is what i'm getting back. the other guys could be, joe, i hear you, i'm sorry to use the name, it could be bill nygren at 22 >> most of the guys on the list have experience in big industrial stocks. remember, we are just learning that ackman and loeb both have positions in united technologies >> yeah, but they don't

into let's get right to this max i want to talk about billionaires we're going to talk about warren buffett he's america's favorite billionaire he's the little sweet ukulele playing billionaire but before i get to him i want to talk about another billionaire in history the guy was worth four hundred fifteen billion according to a visual capitalist they did a chart of the richest people in history and this guy's name was moose. he was you know an african king of the whole guyana section mali area present day and at that time that part of the world controlled the entirety of most of the world's gold trade so this guy had a lot of gold so i want to look at actually had good intentions can go horribly wrong and how money. can possibly cause devastation because he went on pilgrimage to mecca and so travelling from africa through cairo down through medina and to mecca and this is what happened along the way which i found very fascinating saw wikipedia made his pilgrimage between thirteen twenty four and thirteen twenty five his procession reportedly included sixty thousand men including twelve th

amazon share price why is amazon soar and why is warren buffett actually finally going along a lot of these tech companies where he famously didn't during the dot com boom as because now a lot of them have monopoly pricing power they talk about the fact that for example he always dissed airlines he would never invest in airlines he said well he started going long and twenty sixteen you know it's ten percent of some of these airlines and the reason why was that well the obama administration allowed the merger these mega-mergers so you now just for airlines and they have huge profits it's often reported how suddenly the airlines have massive profits that's because there are now they're no longer eight but there are four right it's anti-competitive so the way to grow the economy is through competition if there's somebody sitting on top of the economy like buffett with access to unlimited cash to buy these monopoly positions in monopoly companies that's anti-competitive and it should be busted up best to create more jobs and more wage growth but that's not happening so they're pushing the

like warren buffett famously walks into a room if you walked into this room here there's a four or five of us here we would be worth on average what probably about five billion dollars each write something along those lines yes so it's an interesting fascinating story shows you that the even back then there was a lot of interesting economic of vagaries that must be contemplated when you have such incredible wealth mean talking about whether it's warren buffett or jeff bezos or the rockefeller's or any of these. fortunes out of come and gone they do have these ripple effects on the economy and you know they do many times engender a reaction and then that becomes political policy and then that shapes the economy and shapes politics and shapes the society it's shaping our society right now is donald trump of course and there is an infrastructure plan this headline reads higher inflation trump tax and spend boom sends investors looking for fed clues that upturn in inflation is already nudging u.s. interest rates higher even before the federal reserve's next meeting five weeks from now the c

amazon share price why is amazon soar and why is warren buffett actually finally going along a lot of these tech companies where he famously didn't during the dot com boom as because now a lot of them have a monopoly pricing power they talk about the fact that for example he always dissed airlines he would never invest in airlines he said well he started going long and twenty sixteen you know it's ten percent of some of these airlines and the reason why was that well the obama administration allowed the merger these mega-mergers so you now just for airlines and they have huge profits it's often reported how suddenly the airlines have massive profits that's because there are now they're no longer eight but there are four right it's anti-competitive so the way to grow the economy is through competition if there's somebody sitting on top of the economy like buffett with access to unlimited cash to buy these monopoly positions in monopoly companies that's anti-competitive and it should be busted up best to create more jobs and more wage growth but that's not happening so they're pushing t

is buffett buying? did ge get so cheap yesterday that the famously frugal billionaire and founder of burger halfway considered jumping in? ge is leading the dow 30 right now. it's up nearly 5%. that's the strongest rally in three years on a bloomberg report. it is possible that warren buffett may be considering an investment. it speculation. we need to stress that. g is down 23% year to date and just yesterday dipped below $13 for the first time since 2009. maybe that was it. who knows. charlie is working the phones but he is coming up with whether there's even a grain of truth to this. year-to-date it is still far off the highs of last year. to facebook, caught between a battle of will he or won't he, the wall street journal reports that the embattled ceo, mark zuckerberg, will testify under oath before the senate judiciary committee at its april 9 data privacy hearing, but so far nothing on the house committee that's demanding to see him. he is also enraged the united kingdom by flat-out refusing to a

please welcome jimmy buffett! the show. we have lots to discuss. i'm very excited for you. are you nervous? are you excited? tonight is opening night! >> yeah. it's pretty cool. [ cheers ] let me check my pulse, okay? >> jimmy: yeah, exactly. are you nervous at all? >> 68. >> jimmy: 68. that's not bad. >> that's not bad. no, no. >> jimmy: "escape to margaritaville." i want to talk about this broadway play, but i also want to talk about -- i think you're a genius. this is why. i read this -- i really -- you know this. >> i think i know what's coming. >> jimmy: you are opening up margaritaville-themed retirement community. is that true? [ cheers ] >> active living. >> jimmy: oh, active living! >> yes. we're not retiring from anything. i've got a great job. >> jimmy: yeah, yeah, yeah. yeah, exactly. no. but explain what this is. and i want in. i want to live there. >> well, can you -- well, there's an age thing. >> jimmy: how old? [ light laughter ] how old? what's the minimum? >> 55. >> jimmy: i got 12 years. >> 12

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i always recognize, like warren buffett, i didn't lett my political views get in the way of my shareholders. i think it's best when companies get back to focusing on making money and selling seats. let's not forget, with the nra in particular, delta negotiated a deal in selling seats. no different than hotels would negotiate with a convention to sell out an entire hotel, and you get a discount for that. this was very targeted. obviously it was not something that i appreciated. and i expressed that clearly. >> mark: have you heard from delta? >> i have. delta, as i said, they are a big piece of our economy.he we have the world's busiest airport, atlanta hartfield h jackson airport. delta has a tremendous presence there. we have seen some late news from delta as well. that has reaffirmed its commitment for the second amendment. i think that's very positive.

but that buffett moment scared me >> times many will never forget.. >> thank you >>> we'll leave you with something that will make you look like the smartest person in the office today our random but interesting the s&p 500 has seen gains in the second half of march 9 out of the last 10 years the second half of march tends to be good i think that's 90% of the time, if my math is right. wanted to leave with you good news here. i'm off all next week. why not. thanks for watching "worldwide exchange." whiskey and the former fda commissioner on "squawk box" next have an amazing weekend. >>> good morning what is going on at nike the company is investigating some workplace behavior complaints and the second in command announced his retirement >>> a trio of chip stocks to watch following earnings and deal rumors. >>> and where were you ten years ago today? that's when bear stearns and that bailout was announced we have a look at the lessons learned from the financial crisis it's friday, march 16, 2018, "squawk box" begins right now. ♪ >>> live from new york

to grow the economy is through competition if there's somebody sitting on top of the economy like buffett with access to unlimited cash to buy these monopoly positions in monopoly companies that's anti-competitive and it should be busted up as such to create more jobs and more wage growth but it's not happening so they're pushing the economy to the edge of a different type of precipice as we're saying with the introduction potentially of a big hyper inflationary burst that's going to kill the bond market and then cause everything to be reset anyway and then buffett will be long gone having made as hundred billion dollars but at the expense of a viable u.s. economy yet so everybody says that he's a great capitalists he's you know one of the richest guys in america sometimes is the richest sometimes bill gates's them so here's an exact quote from him capitalists they say the single most important decision in evaluating a business is pricing power if you've got the power to raise prices without losing business to a competitor you've got a very good business but there's nothing wrong seeking

tonight, join jimmy and his guests -- bill hader, jimmy buffett,

rallying onres are speculation warren buffett would buy a stake in the company.e most day since 2015. the buffet affect. >> which tells you how badly had -- they have been doing. there is no confirmation or even foundation to this speculation. thats a game of telephone seems to have pushed up shares. saying it islysts out there. we do not know there is a chance of this happening. >> this was the stock that was enough when everything else was gaining and now we have one room are sending it back up. siemens is expanding investment in u.s. digital capabilities including $175 million year over year increase. that is coming from the innovation day in chicago. thank you for your time today. talk to us about that new investment and how siemens is going to allocate it. what are your important priorities? >> thank you for the opportunity to be here. innovation day for us is an opportunity to bring from concept to reality the value and opportunity hide the industrial revolution. we are announcing an increase in our digital capabilities. a big part of that is our significan

that includes buffett employees.they win, he will give as much as $1 million a year for life to anyone who guesses the sweet 16. he said he'll give a $100,000 prize for the bracket stays perfect the longest. >> what's the probability of that? >> i don't know but i'm fig out my application right now. >> what are our chances of -- >> rain? >> 100%. let's talk about it. the next seven days we're going to keep the rain on the map. that's because we have the first system moving in tonight. also the winds will be picking up. we have a nice temperature drop. we'll go from 70s down by about 10 degrees and then as we head in toward the weekend, we'll see some 50s on the map. so right now, you feel the cloud cover so just be prepared. marcus has his rain boots ready. forecasters should know better. >> make sure you join me tonight at 5:00 is that 6:00 and you can catch us tomorrow morning starting at 4:30 on today in the bay. thank you for joining us. ♪ >>> we're live in 5, 4, 3, 2, 1. >> i remember i grabbed the knife. i do r

if charlie munger is to be a large serial arsonist dick crony capitalist pig him and warren buffett i mean that's well i mean look at their big stick in the one nine hundred sixty s. and seventy's and eighty's is value investing. you know value investing worked back then but it doesn't work anymore i mean i would argue that right now the markets are too distorted from government intervention so look we're going to have a collapse me you can't you know there will tell you the best thing when when you had a sixteen year bear market and stocks are trading at below their breakup value. and yet that ended you know ten fifteen twenty years ago when markets started to trade well above their intrinsic value based on federal reserve money printing printing right now we're talking about valuations which if you see quickly adjust the price earnings multiples we're talking highest in history i mean even above a lot of them are trading above where the dot com bomb was so no you know people are saying it's different this time look i've been doing this since the one nine hundred eighty s. it's never

in 2008, it was buffett who rode into to ge's rescue during the financial crisis. he said he might consider an investment earlier this year, so there is wishful thinking in the market right now that this may be something that would happen. it certainly has a lot of investors buying into the stock in this particular session. week,is plays out for the and whether we hear from ge on this, both companies arm him on this. mum on companies are this. betty: earlier she was talking about tech stocks, well twitter, we have been watching, haidi, there was an interesting report from citroen that has become muddy waters, right? another short seller that is well known for shorts that they are taking in the market. research came out and said twitter is placing a bet on that company plunging to the lowest price in six weeks. sayshort position, they what is happening on facebook and snapchat, that is going to affect twitter, and i think it haidi, thatng, maybe we need donald trump to come in and do more tweeting. he is apparently a big an increasing part of the evaluation on twitt

shares jumping 4% over speculation that berkshire's warren buffett for another big investor might belding a stake in the industrial giant. the company has struggled to convince investors of a real turnaround plan each with a new ceo at the helm. with ge still down 23% this year is this stock worth the risk tim says yes you are an owner. >> i am an owner i opened it late in the game i'm down 25% in a position that's insaying can't to me in terms of its size. i think ge has intrinsic value that people aren't pricing in. say it's going to earn a buck. what multiple do you put on it if you put 15 times on it it should be trading at $1. when companies are making no money do you value them at zero? i think investor sentiment has been so one way on this. buffett, may be, i prefer the say that the stock did nothing when the stock market rallied 700 points the dow and i think today's catch up with a rumor. >> for me, i have tried to own it several times this year and i have probably lost 25% on my trades in and out of them. it's broken my heart several times. my thesis has been you have to wa

su: a lot of talk about ge rescued by warren buffett, who came to the rescue in 2008.is a rough ride for ge investors. for the last 16 months, the stock has had a lot of pressure. inre has been a slow ramp up the turnaround promised by the ceo. there was inquiry into one of its portfolios. it jumped in a big way on speculation it has not confirmed efforts to reach out to both ge and warren buffett. berkshire hathaway revealed no comment. the wishful thinking may have something to do with the fact that back in 2008 during the financial crisis, buffett had rescued the company and was quoted earlier this year that he might invest in the company if the assets were "priced correctly. let's go into g #btv 284. it is called "mind the gap." the dowge going south, going higher. the exception, this latest trading session. that happened here was have a lot to do with whether there is speculation wall street has embraced, and has plausibility. yvonne: we will watch it ge wednesday for you guys, too. let's take a look at how things are looking in the region. we are extending declin

. >> general electric shares take off on rumors of abl pos investment by warren buffett. that's where we begin tonight's marketcu blockberg said there was speculation among traders that the billionairenvestor may be considering a stake had the edruggling industrial giant. the uncertainty to a run up in ge's stock. the shares climbed more than % at one point. while mr. buffett hasn't made an announcement of anv getment in the past he said he would consider taking a position in the company at the right prize. ge shares rose nearly 4.5% to >>> sit ron research is betting against twitter because it is vulnerable to social privacy regulations. twitteresponded saying users know their tweets are public and added that uss' direct messages are not sold. twitter shares though are off 12% to 28.07. >> the spice maker mccormick said a recent acquisition helped results. earnings were a beat and revenues were in line with estimates. some of the money from tax reform will go to employee bonusesage increases and buy backs. the stock was up. >>> aetna is going to offer rebates to 3 millio

a lot of people have claimed the mantle of warren buffett over the years.warren buffett but eddie was definitely one of them whip smart he's a lot like bill ackman in that regard. brilliant, confident cocky almost success early on a billionaire. and i think got overconfident and too caught up in the wisdom of his own ideas. >> the critics you speak to in the story, they do sort of make the point that he's solely responsible in many ways for the problems of sears and kmart. whether it was the distant sort of style of management, barely visiting the headquarters, for example. some of the cost-cutting measures, not investing in the brands is that fair >> absolutely, as i think he would be the first to admit. as far as not visiting the headquarters, his view would be i can do that remotely i can empower my executive team in chicago to do the job but look, he has not invested in the stores he did that deliberately he invested in the online experience, which didn't really work at first. probably doing better now. amazon has eaten his lunch but he's -- as we see w

i think for buffett, if prices are going to come down this year, he has to strike.e has all this cash he is sitting on and i think he wants to do one last deal and solidify his legacy. >> jp morgan held its annual investor day yesterday. some highlights discussed their venture with berkshire and amazon, and jamie dimon spoke on blockchain's importance in his business in the battle on mobile. >> if they had any message, it was, we are jp morgan, hear us roar. they are expanding the bankers and branches and bots and new markets. jamie dimon has ceo said we will defend our turf. if there is an upstart or competitor that wants to compete, we will spend $5 billion, we will spend whatever it takes. the reason i think is because they can afford to do so. jp morgan is benefiting from scale more than ever before. that is similar to many large banks in the u.s. banking industry. president trump: i think it is time that a president stepped up. we have not had them -- i'm talking democrat and republican presidents. they have not stepped up. >> president trump wrapping up a bipa

jeff bezos, warren buffett and jamie dimon making a major announcement on their coming health care mashup. one they hope will reduce costs for their employees and for consumers. the man who has played both doctor and ceo in the medical field, cleveland clinics dr. toby cosgrove gives his prognosis whether the big idea will succeed where government and insurance companies have failed. >>> the man behind the goldman sachs curtain reportedly ready to come out and take a bow. charlie gasparino working the phones who is being mentioned to replace the banking wizard. we are less than an hour to the closing bell on this friday of a very crazy week. let's start the "countdown." okay, we're less than 30 points away from the all-time dayside high here for the dow jones industrials. wall street is loving the february jobs report, and so is the man in the oval office with the dow up 380 points, president trump's only tweet of the day so far, jobs, jobs, jobs. at the end of a week that saw big moves on tariffs, the surprise north korean breakthrough and more, what's driving investors to dive head firs

next, warren buffett's inspiration to tackling big deficits.: central banks around the globe hunting for a new reserve currency. carol: this is bloomberg businessweek. ♪ ♪ jason: welcome back to "bloomberg businessweek." i am jason kelly. carol: you can also listen to us on radio. and on a.m. 11 30 in new york, 1061 in boston, and i am 960 in the bay area. jason: and in london and asia. in the economics section, we have peter talking about new, actually old ideas about ballooning trade deficits and how to fight them. >> warren buffett has talked about it. it's about auctioning off access to countries' domestic markets. here's peter. peter right now, we have 4% : unemployment, which is about as low as it ever gets. it would seem on the surface that the trade is a less serious problem for the u.s., then you have a president who has made this a campaign issue. carol: you're going to have trade deficits and trade surpluses, that is kind of the way it works. you hope it bounces out -- t, but if you look at the u.s., they have had a trade deficit ong

. >>> employees at warren buffett's company berkshire hathaway are in for a big payout if they choose teams to are their march madness brackets. so, buffett is offering workers $1 million a year for life if their bracket is perfect through the sweet 16. not bad. he will raise the payout to 2 million a year if creighton university in his hometown of omaha wins it all. >>> and speaking of winning it all, a big deal in the nfl. a trip to the championship game has apparently earned minnesota vikings quarterback case keenum a starting job in denver. reports say he will sign with the broncos tomorrow. >>> and coming up next right here, reaction to o.j. simpson's bombshell tv interview. what his lawyer is saying now. >>> also ahead, how a simple act of kindness from a waitress at a waffle house ended up changing her life. >>> and tom brady gets into a beer chugging competition on late night tv. so you have type 2 diabetes, right? yeah. yes i do. okay so you diet, you exercise, you manage your a1c? that's the plan. what about your heart? what do you mean my heart? the truth is, type 2 diabete

burst that's going to kill the bond market and then cause everything to be reset anyway and then buffett will be long gone having made as hundred billion dollars but at the expense of a viable us economy yet so everybody says that he's a great capitalist he's you know one of the richest guys in america sometimes is the richest sometimes bill gates's i'm so here's an exact quote from him the arch capitalist they say the single most important decision in evaluating a business is pricing power if you've got the power to raise prices without losing business to a competitor you've got a very good business but there's nothing wrong seeking out businesses that are in good positions and able to raise prices but there is something wrong when you have a single entity a private equity firm like berkshire hathaway working with the government to guarantee that he's investing in a sure things a monopoly positions that are aided and abetted by a corrupt government that's not free market capitalism that's something else that's feudalism again they look at some of the data about how this ethos you know w

a buffett bounce, that is because there are reports that buffett's berkshire hathaway is getting back in and amassing a stake of ge, which they sold that last year. now, half price, they're losing about 50% over the last 12 months. maybe liking it again. it was enough to give it a bounce today. melissa: interesting. more on that story, back to you. david: gary kaltbaum and fox news contributor and lenore hawkins. gary, one of the things like forward to all weekend is your report monday morning what's happening with the markets, and we put together. it doesn't do it justice. we've got a list of what comprises a bull market and what comprises a bear market. you spelled it out yesterday. in bullish markets, prices finish strong into the close in bearish markets, price weakens into the close. boy, was today ever an example of that. you go onto say in bull markets, bad news is good news, and good news is excellent news. in bear markets, good news is bad news and bad news is horrible news. talk to that first point, despite yesterday, we did have one of the days, we started out strong, we cl

they may tweak the terms or try to negotiate something better with warren buffett.ry: one deal that could go pg is near toat t buying an indian hospital chain. d: this is a typical trade, of all the private equity firms -- iny have lots of expertise health care and do a lot of these kinds of deals. this looks like a fairly straightforward kill for them. -- deal for them. the lead part of the consortium asset has been embroiled in its own problems. some indian regulators are not happy with the way the company has been run. this is a slightly distressing play, but health care is a very core area for tpg. the opportunities here for private equities are limited at the moment because everything is so expensive. valuations are extremely high in the united states. equity, you private will need to look further afield. vonnie: will there be any government intervention, un welcomeness in india? ed: probably not. there will likely be an indian component to this consortium. if the government is already annoyed, they might welcome new ownership. shery: very complex. it could tak

for buffett, if prices are going hasome down this year, he strike.wants to do one last deal and solidify his legacy. >> jp morgan held it annual investor day yesterday. some highlights strike. he wants to do one last deal discussed berkshire and amazon, and the blockchain impact on its business in the battle on mobile. >> if they had any message, it hear usare jp morgan, roar. jamie dimon as ceo said, we will defend our turf. if there is an upstart or competitor that wants to compete, we will spend $5 billion, we will spend whatever it takes. i think the reason is because they can afford to do so. jp morgan is benefiting from scale more than ever before. is similar to many thanks in the u.s. banking industry. president trump: i think it is time that a president stepped up. i'm talking democrat and republican presidents. >> president trump wrapping up a bipartisan congressional meeting. a wide-ranging discussion about what to do in the united states over greater gun control. >> congressman and senators here say they need to get 60 votes in the senate.

buffett recently told the press he might be interested in ge at the right price.invested in ge during the 2008 financial crisis, but has since sold most of the stock. scarlet: canada's cannabis company opened a chain of marijuana stores in oregon called talent farms, and black shower capital has signed a letter of intent to franchise the model across north america. the industry, they say, is full of untapped potential, although marijuana remains illegal across much of the u.s.. google could owe oracle $8.8 billion for using java programming code. an appeals code said google's use of java violated oracle's copyright. the case was filed in 2010, and remanded to a federal court in california to determine how much the ultimate unit could pay -- alphabet unit could pay. that is your business flash update. joe: coming up, what you need to know for tomorrow's trading day. this is bloomberg. ♪ " --let: "what'd you miss another big move in stocks, this time to the downside, the dow s&p and nasdaq giving up a chunk of yesterday's gains. don't miss the u.s. fourth-quarter gd

has not taken fish out of the home i thought i'd only half of you don't know if buffett is always right i would have thought he asked or so via. showed america. again finish we take. in no and yes it might have a legacy. a life the wish to kill apply who wish feeling saudi haven't had halle dash ina shot of the year in the who was going to leave one of the video. that you saw in the u.k. so. i don't really know. the . the. over. several million must be of george there to be sure. to flip to food whether or tea that is as. bad as i'm racing in sydney so cut it but then your money. you. could have done a. muslim. rule of law not off the. mark. fifteen is if that. is. what he did a little over yeah one thirteen years just see a just system just to say at this house. all right marty back to you oh well then why did you actually still think if you've. got a good thing you could call for help with that but i get my mother died like i did not. at all i'm letting off which was not real. good. news it is theirs even if your claim that it got. a good a good good teaching. put. returned has not be

not under half of either yes buffett generally a sadly i thought. surely america. gun finish we take. in though and yes it might have a legacy. a life the wish to kill. who wish feel saudi have a hole in the eye sheena show to them you're in the hole was we were going to leave one of the video was the first shot that you saw in the u.k. so. i don't really know all my family is. the . government. over. several million must be of george there to be sure. to flip the food where all you can see that is actually. bad as some racist rants in it so cut it but then your money. you live in. could have done a. this muslim. group will not offer. mari. this means if that. little of what you hear and then through the tears just see just says this is say at this house. all right everybody back to you oh why did. i should still feel like if you've. got multiple copies of the credit card get mine out on the ride like i did stuff. but all i'm holding off which was my real. good. news it is theirs if you don't mind that it got. a good good good teaching. would. probably not have now

there's speculation if warren buffett might be looking at is it. >> my partner -- 7,000 people at ge, and my partner jack murphy are looking at ge. rumors are berkshire is there and it would be great because we bought the stock at the wrong price. >> all the price have been a wrong price today. >> we all know around here dennis, what about you, what are you going to be watching now as we go forward? >> we haven't talked about this at all today, kelly, but rates look at what libor has done, back to its post-crisis high rates matter immensely across the economy. and so are we going to be in store for more fed action, more than the market anticipates? that to me is the ultimate question >> trillion dollar question. guys, thank you so much. appreciate it. dennis berman and john levin joining us to talk these markets. >>> guess what we'll talk about it, the yield on the ten-year broke below 2.8% today. for more on the move in bonds and across the markets, let's bring in our steve liesman and ricky "rick" santelli. rick, let's start with you and what we saw play out in rates today. >> it's

. >> bill gates, warren buffett, jeff bezos.se are people that sort of tread water over our on our side of the political fence. what we need to do with the democratic party, neither party is going to be there for the working people. >> shannon: leslie marshall, larry o'connor, and associate opinion editor. elizabeth herring harrington. on the issue of michael moore. my understanding is that part of the deal were senators elizabeth warren and bernie sanders, together one writer estimated their net worth at $55 million. larry, they were preaching it's time to get serious about poverty and they are the ones to do it. >> yeah, it's kind of fun. at least michael moore is consistent. he is a socialist and he hates corporate barons on the right side and left side of the equation. he hates successful people and i guess he's railing against those in the digital world who have themselves with the left. he did make some very good points, specifically about the democrats spending way too much talking about russia instead of actually worryin

douche out there the front gives that you know man on buffett a bit so that's going to baffle them up. for raffle. obviously not. that number that they want they're the times that it out now. nurses waste a lot of time tracking down patients in the bush there are no signs indicating the names of roads all villages. were going to you know coma a few weeks later where martin were both of them. were coming to you know what i mean i don't know i know a little known about. two hours later and they still haven't located the pregnant woman. come into. the parking lot of her house that's not going. to make things worse the old ambulance breaks down. oh someone come up and go now. but did anybody but think you did. dishes out of court of course having fun with them. oh no madonna no worry about how much money. i got for her. oh no no no no no. i she waits for makeshift repairs mariyam bumps into the pregnant woman's father in law worried he'd set out on foot looking for help going to. the medicare. medicaid. someday and i'm not the one after four days of agony both mother and baby are in serio

part of this rumor of buffett and pursuing a prefer, don't have a lot other than observations at thisne is while it would potentially benefit the seal of warren buffett, it is not clear that they would noeed to raise the money. we know buffett likes to get his significant yield, that was during the financial crisis and things may not be good for ge but they are not as bad as they were then. if they are in the need of raising money, it is clear that they can do so in a cheaper way than selling a preferred to buffett. some of the financial assets that are there and taking a look at the common which indicated to becky quick of his last inter e interview. >> they do mistake heavy use of their paper and the cost goes up >> a.m.smazon is down almost 6% our gains are down, let's get to bob pisani >> we moved down the last five minutes or so. i want to show you an important day technically. we are sitting right near the 200 moving day average technicals matter, when you get a lot of fundamental confusion, technicals matter. february 9th, we hit the 200 day movement and we bounce off of that r

liveris wasn't without issue, with the financial crisis that nearly sank the company before warren buffettt through it and then dan loge called for a breakup and was ready to go after liveris until the board shake-up liveris came into controversy after his so-called lifestyle. he led the white house advisory council of ceos in manufacturing industry before it disbanded end of an era. handing over the reins, brian. >> yeah, liveris has been involved in business council, business meetings. >> davos, switzerland. >> he's a nice guy he's been around a long time you wonder will a liveris switch spark a new wave some of these folks have been around for a while a lot of political heat on these people, landon dowdy, thank you very much. >>> if the early moves are any indication, your money to get off to a big move this week. the dow with an implied open of 100 points what happened of all of the fear and loathing of just a couple weeks ago? we're going to find out in a moment the bond market has been the big story so far this year a lot of concerns where the ten-years are go bond yields fairly mute

long-term care warren buffett comes on our show at like 6:17 in the morning. you u had to be crazed to watch. i don't know we got that wrong. warren buffett got long-term care, aig, wrong >> say you run, but running like $25 billion in a firm. and that call comes out. you say, all right, eventually, people are going to be too negative on this and it will get close to the turn around a, i don't believe as a fundamental investor i can pinpoint the price action and b, i need time. but you say to yourself, i am not going to be nimble enough to put on my whole position start buying now at 14, if 1250 is where they do an equity issuance, i think for a lot of people, you might have said that at 17. >> that's a problem for a manager. >> tussa or inch if either one switches or goes or even goes to a neutral, you are going to know. those guys are kings they are kings >> yes >> wouldn't that be something? you think he'll wear a tie he's got to get out of u that casual thing it's a bummer. he puts a tie on that stock depose to 60. are you listening? might be all right. th

. >> playing a fun game with bill hader and jimmy buffett. do not change the channel. special bag tags for animal ♪ ♪ there are two types of people in the world. those who fear the future... and those who embrace it. the future is for the unafraid. ♪ ♪ needed rain. i )m tracking more wet weather for >>> it's a wet work week. bay area getting rain. >> tracking more weather for friday. >> join us tomorrow morning 4:30 to 7:00. carriers. united airlines announced a new plan for traveling pets. it >>> special bag tags for animal carriers. united airlines with with you plans for traveling pets. following death of puppy forced into overhead bin in one of the flights. flight attendant claimed she didn't know pet was in the carrier. tags to alert them. united investigating another incident with dog. flown to japan instead of kansas city, missouri. despite the mix-up, doing okay. >> jumped up and just crying. when he's super excited he cries. just glad he's okay. >> yes. so happy to be back with mamma. home safe and sound. >>> supporters for the proposed fur ban in san francisc

warren buffett is interested in buying a piece of ge. i don't know. i put out calls to ge and warren buffett, his office. nobody is saying anything. ge said we don't comment on rumors. i don't know if it's true but something on the people on the floor of the new york stock exchange are talking about. >> ours is robust. modern economies are service economies which ours is. consumer confidence is extremely important. we got a new consumer confidence report. what was it? >> not so good. they just hit an 18-year high for confidence coming off that. i don't know if you know about growing consumer debt. highest in 11 years than the fourth quarter last year. if think people are hitting their heads on the ceiling of what they can borrow and what they can do. that bite be the case. consumers drive this economy, two-thirds spending, it's all about us and what we want to buy. >> if we don't want to buy -- it's a problem. >> gerri, you're the best. >> thank you. >> also ahead concerns over retribution possibly over russia. moscow is warning payback is coming afte

the front girls that you know met on buffett so that's one baffling set up. for raffle. this will know. that number it that there are more there the outcomes that it out now. nurses waste a lot of time tracking down patients in the bush there are no signs indicating the names of roads all villages. monocle going to you know coma if you haven't got it right now where martin one of. the come to know it but i'm afraid i don't know i know a little known about. two hours later and they still haven't located the pregnant woman. come into the parking lot of her house it was not there. to make things worse the old ambulance breaks down. oh sun come up and do it now. but did anybody but think you did. dishes out of court of course i'll do that when i'm up. oh no madonna no worry about how much money. i got for her. that's. not a thought. i she waits for makeshift repairs mariyam bumps into the pregnant woman's father in law worried he'd set out on foot looking for help with going to. the medicare. medicaid. services some day and i'm not. after four days of agony both mother and b

i don't know why warren buffett still holds onto this company. keeps saying, oh, they learned their lesson. they are paying the ceo $17 million. got a 35% raise while the basic average worker there gets $60,000. they are not learning the stock is down more than a percent. >>> all right, from traumas to tariffs to tillerson, we have not even recovered from all the news that happened this week but got to get you ready for next week. tuesday marks the start of the fomc meeting, the federal reserve ahead of wednesday's statement from new fed chair jerome powell, that will be his first press conference. and hate to break it to you but one week from today, we face yet another government shutdown deadline. facing a volatile and dangerous market week, should investors stay the course or craft a plan b now? to the floor show, we bring in our traders. tim, more of a stress, one shouldn't make decisions based on a single day of trade. what do you see traders doing to tee up for next week's trauma? >> what they've been doing the last few weeks, that is you'v