warren buffett made oanother additional bet on the company.s are up by a half percent in premarket trade. >>> it's that time of year again when thousands of investors pour into omaha for the berkshire hathaway annual meeting, they're hoping to pick up some wisdom from warren buffett. the veteran investor has often spoke about the importance of owning and learning from mistakes on a recent trip through his past he told becky quick about some of his. >> what did you think of washington >> well, i -- it wasn't so much what i thought of washington i hated leaving omaha. >> reporter: in his teen years buffett lived here after his father was elected to congress >> now, there's the marland. this is west chester >> this is where he started to form his thoughts about business and life, but not before making a few mistakes >> i was rebellious at first in school for about a year. i made a real pain of myself then i calmed down after a while. >> reporter: buffett says his adjustment to d.c. was rocky, and he often acted out >> that's the sears there. >> r

ok and i think this is crucial to understanding why they keep on coming out with remember warren buffett recently in the past year called it rat poison called poison here in this interview with yahoo charlie munger calls that trading freshly harvested baby brains at their annual event this last weekend charlie monger's compares crypto currencies to turns and dimentia warren buffett does not like cryptocurrency is a position he really reiterated at the berkshire hathaway annual meeting his grievances against bitcoin and its ilk are many it's a nonproductive asset has no intrinsic value it's a breeding ground for charlatans who take opportunities to rip off people trying to get rich in something they don't really understand he said that crypto currencies will come to a bad ending warren buffett eighty seven in terms of charlie munger who's ninety four i like cryptocurrency is a lot less than you do he said to one buffett to me it's just dementia is like somebody else's trading turds and you decided you can't be left out i think because charlie munger is ninety four warren buffet's eighty s

charlie monger agrees with buffett when it comes to this potential trade war. he thinks the two nations will work things out. gates was a little -- he agreed long term the same issues will happen that's in large part because the gates foundation has done so much in terms of building a relationship with china. he thinks that the relationship between china and the u.s. is the most important one all three of them echoed that. what i should point out is when it comes to their individual investment, charlie monger has been very positive about china and the opportunity for investor in stocks there. his own family has invested lots of money in china. and has done very well for him over that period of time he continues to think china's a great place for investors. bell gates says he has some investment, some of the family money there as well. i'll send it back to you >> becky, i was just interested in the fact that buffett doubled down on iish comments on apple. i was wondering if you got any sense they were going to buy more >> yes, i didn't get a great sense of that

ok and i think this is crucial to understanding why they keep on coming out with remember warren buffett recently in the past year called it rat poison called poison here in this interview with yahoo charlie munger calls that trading freshly harvested baby brains at their annual event this last weekend charlie monger's compares crypto currencies to turns and dimentia warren buffett does not like cryptocurrency is a position he really reiterated at the berkshire hathaway annual meeting his grievances against bitcoin and its ilk are many it's a nonproductive asset has no intrinsic value it's a breeding ground for charlatans who take opportunities to rip off people trying to get rich in something they don't really understand he said that crypto currencies will come to a bad ending warren buffett eighty seven in terms of charlie munger who's ninety four i like cryptocurrency is a lot less than you do he said to warren buffett to me it's just dementia is like somebody else's trading turds and you decided you can't be left out i think because charlie munger is ninety four warren buffet's eight

i'd go further buffett talks about the utility of an iphone ides take it one step further.he iphone franchise is like a utility stock we all take it everywhere we go. we don't take our laptop everywhere we go so i think buffett's view on tech, particularly on apple, he can think about apple in the context of what he's thought about consumers, products and brands over all the years. i don't think he's become a hardware or cloud expert >> yeah, like a coca-cola almost still, gene, it is in the technology index of the s&p 500 which is outperforming again today along with energy. apple coming off its best week since 2011 can it carry the tech sector to a leadership position again in this overall market? >> so if this theory about -- there's a shift in how people are thinking about apple away from anxiety on the iphone to stability on the iphone and a better appreciation of the buyback. if that holds true, the multiple is going to go up. and dare we give it a multiple similar to google? google is a different growth rate that's at 22 just to put into perspective some of the upsid

>> this is a good story, but buffett is a good story. >> a lot of concrete >> buffett is always a good concrete story he's out there buying. >> $40 billion i mean, that concrete on ibm, which he announced he sold all of, and that stock is up today as well, that concrete fell right on top of shareholders in ib mrb >> these are two entirely different stories. >> absolutely. >> i think this is the biggest berkshire position in a single stock ever >> and it's an appropriate one look at the balance sheet. it's going to support it while the multiple is at discounted tech group, it's still at a multiple that is higher than what we have seen from apple over the last number of years because it always sells as a discount to the tech group. >> ironically, ironically, apple is such a big part of the s&p that this is not very nonconsensus, so if this is a 5% position for berkshire, and apple is, what - >> not even 5%, which is amazing. >> apple is 6% or 7% of the s&p, this is actually fairly consensus. a weird way to look at it, but he's closer to the overall market >> and now, now the dow is up al

like qualities of warren buffett that bitcoin has exposed remember this is why they're so angry about bitcoins have bitcoin has exposed those two as charlatans and all of their friends on wall street this is from nomi prins this is what real collusion looks like when one central bank the fed reduces q.e. another accelerates maintaining the average rate of developed countries at zero percent and the tide of asset purchases rising here is the chart of course the red line is the u.s. fad the blue line is the e.c.b. and the green line is the bank of japan max you had said this you suggested this long ago that whenever the fed stops or slows down with q.e. the e.c.b. picks up and vice versa and this data that nomi prins linked to suggests this is true and a lot of people to point this out peter schiff. richard jim rickards you know people that we've got on the show know me proves that the global increase in money printing as never decreased because you can't put a tape or a ponzi scheme so people say to me oh you know the fed's raising rates i thought you said you can't taper a ponzi schem

we will be asking war worn buffett coming monday only sit down with warren buffett, charlie in a surprise guest. this makes some people nervous. we don't see wage growth yet. could it snap like a rubber band it becomes too quickly? >> it's not just the employment report we had today but it's that combined with the report on wednesday which was very strong and frankly we had solid economic data all week long. the chicago pmi, the national ism services all held in the high 50s. the productivity report was very positive and today's report is being viewed as almost a goldilocks report. not nearly as hot as the adp report, although a lot of people are starting to question the discrepancy we've gotten in the last couple months between the adp report and the bls report. but where we are continuing through on that strong reversal off yesterday's close were getting up toward the top of the channel again at the s&p 3670, 3680 level, it will set up a real test for the market early next week. >> chris robinson, i would definitely say next week is going to be crucial so as we spin it forward, you've g

buffett and the company for years.g the way, this is a billionaire that doesn't forget where he came from. if you want to know how warren buffett got his start, just watch. >> basically what you'd do is you'd go like this and then you'd slap it and then you just slide it right down >> a man now worth some $80 billion started out by delivering newspapers. >> when you let it go, just -- >> nearly 75 years ago all right. so you fold it >> that's it you want to get way down >> i'm a terrible paper girl today the world's richest paper boy is still at it this contest has become one of the highlights of the berkshire hathaway shareholders meeting. even bill gates gets in the game >> sorry about that. >> the yearly gathering showcases the 60-plus companies that berkshire owns and dozens more it invests in >> the documentary is called "warren buffett: investor, teacher, and aicon." it airs tonight at 10:00 p.m. on cnbc >> thank you, becky. we will all be watching that >>> when we come back, much more news on berkshire hathaway

back over to yens then again when buffett speaks i mean usually investors listen have they. and there randi this stock of apple just here in the friday session was up by almost four percent and reaching a new record high for the week by the way the ep of stock is up by god to thirteen percent and also really quite astonishing the numbers are in buffett's company berkshire hathaway now owns a good two hundred forty million adults shares in the value of a good forty two billion dollars so really breast taking the numbers that we are seeing here the funny thing is warren buffett usually likes to buy it when stocks are under some pressure and that was true for the apple stock earlier this year but definitely not right now so i'm quite certain that at this point and that this price of orange buffett would not start buying apple stocks again but he did so in the past and that was good enough for investors to jump on the wagon all right ends quarter for us eight in new york thank you. talks between a top level u.s. delegation to china and chinese representatives have wrapped up wit

now, one of the big features is the buffett from a to z feature.at the big thematic things, including airlines, b k books, ceo pay technology is kind of interesting. it shows you the revolution of what he's thought about certain companies like ibm, up to apple. if you look at this particular view, you can go back to 2011 when warren buffett said he started buying shares of ibm fast forward to today when he concedes defeat for ibm but has high hopes for apple all a sudden, you got him in his own words. what this is in essence, it is the definitive place for all things warren buffett and is the biggest source of primary source information that we have straight from the oracle's mouth. >> the buffett box set, dom, thanks. >> such a cool idea, i love it. >> extraordinary work. >> i'm into it >>in tdetrght ahead. . stevens. your testimony will save lives. mr. stevens? this is your new name. this is your new house. and a perfectly inconspicuous suv. you must become invisible. [hero] i'll take my chances. at ally, we offer low-cost trades and high-yield s

buffett to invest in something i'm involved in.o far i failed. so maybe, maybe one day i can convince him that times will be right, he'll be willing to honor us with an investment. it hasn't happened i think warren can invest anywhere any time. >> an investment by berkshire would have been a big seal of approval for uber ahead of an eventual ipo khosrowshahi telling carl that the company is still on track for a potential offering in the next year. >> we're in a good position in terms of the company's profile in terms of profitabilities and margins continue to get better we have a very strong balance sheet. i think we're on track in 2019 for an ipo lots of things can happen, but we have a buffer >> speaking on stage at the code conference last night, khosrowshahi says he wants uber to eventually become the amazon of transportation. you can see more of carl's interview with dara dokhosrowshi on "squawk on the street." >> thank you very much >>> your big money individual stock stories include box. the cloud storage provider's first qu

to get warren buffett to invest in something that i'm involved in. so far i failed. >>> we have some numbers out of italy, the jobless rate is 11.2%, higher than the forecast of 10.9. let's look at the reaction across europe to what is going on in italy. the heat map shows more green on the board. the euro/dollar up, slightly good news prompting that move higher against the u.s. dollar in terms of stocks, it's a positive start to the morning. so far the stoxx 600 is up 0.1%. and if you look across the individual indices driving those numbers, you can see that it's been well reflected here in london, in paris and in italy where the ftse mib is up 0.4 the xetra dax in germany is the laggard in terms of sectors behind some of those numbers, you can see construction bouncing back up energy is up a half percent, but utilities and autos, based on that news about the german automakers and the u.s. imposing tariffs to try to stop them, autos down more than half of a percent. let's look at the italian stock market a lot of those blue chip stocks are back in t

i think buffett is in apple.ink they'll scoop up a lot of shares over the next couple of years i hope they do >> david, it's david faber you own berkshire and apple. i know berkshire, obviously, is enormous and not necessarily going to move on its apple investment do you worry you have too much exposure to apple, given you own both >> yeah, i mean, at some point, at some point when the percentages start to get a little skewed, we may have to, you know, trim back one or the others but that's a high class problem that we might have i actually wish that the tables would turn and tim cook would talk of warren into a buyback in size of berkshire stock. at the end of the second quarter we'll be close to that 1.3 times book value that buffett talks about that he'd like to buy back berkshire shares maybe that's the second act in this buyback situation this year >> david, thanks for your perspective on this. obviously, we'll watch to see what happens next quarter when he discloses those david rolfe. >>> for more on all th

buffett. becky?, thank you very much again, we are live in omaha, nebraska this was the site of the berkshire hathaway annual meeting this weekend the 53rd annual meeting. our special guest is berkshire's chairman and ceo warren buffett. thank you for being with us this morning. >> it's fun. >> it is fun i want to talk through the cash hoard. you told us last week that you had spent about $12 billion to $13 billion in the first quarter. so you were thinking the cash hoard was closer to $100 billion based on other things you bought as well. so you're spending billions of dollars. but you still have a hundred billion dollars. is that ideal? >> no. it's -- we earn very little on it but that is -- we will earn a little more this year. but it's just about the world's worst investment except doing something dumb you're doing for a longer term. it decemboes give you the abili move something along but i would rather have that number be $100 billion and have the other $70 billion in businesses we own. but als

buffett is optimistic that they will get through this.that this really is all just talk as well as very little action. in terms of cryptocurrencies, that was interesting because they probably reserved some of their biggest and harshest words, he and charles munger. mr. monger said it draws in a lot of charlatans, and it draws in people who have less than stellar character. but he also said it is not just discussing -- i don't know if i can say this, it is someone else's trading turds. that is pretty far destroyed. politics,talked about and how bank of america and dick's sporting goods are saying we will not get involved in terms of the gun litmus test. warren buffett said we will not wait into this, and he got applause for that for investors that don't want politics to get into this. i will send it back to you. succession, people saying, are you retired, he said i have been semiretired for decades. he trusts his deputy he has already chosen, and he pointed out while his two deputies control $25 billion, he controls $300 billion, so the po

warren buffett investor, teacher, icon. here at 10:00 p.m. tonight. >>> the second day of meetings between the u.s. and chinese officials as they aim to ease tensions over a potential trade war. our eunice yoon is in beijing with more. eunice >> appears we're having an audio problem with eunice. sorry. we'll try to get you that news when we come back, svete liesman will break down the jobs report. for all he's done for you. at pnc, we're here to help you make a plan today to borrow and stick with it. pnc. make today the day. approaching medicare eligibility? you may think you can put off checking out your medicare options until you're sixty-five, but now is a good time to get the ball rolling. keep in mind, medicare only covers about eighty percent of part b medical costs. the rest is up to you. that's where aarp medicare supplement insurance plans insured by unitedhealthcare insurance company come in. like all standardized medicare supplement insurance plans, they could help pay some of what medicare doesn't, saving you in

back over to yens then again when buffett speaks i mean usually investors listen have they. and and there rend the stock of apple just here in the friday's session was up by almost four percent and reaching a new record high for the week by the way the ep of stock is up by god to thirteen percent and those are really quite astonishing numbers and buffett's company berkshire hathaway now owns a good two hundred forty million adults shares and the value of a good forty two billion dollars so really breast taking the numbers that we are seeing here the funny thing is warren buffett usually likes to buy it when stocks are under some pressure and that was true for the stock earlier this year but definitely not right now so i'm quite certain that at this point and that this price of warren buffett would not start buying up of stocks again but he did so in the past and that was good enough for investors to jump on the wagon all right ends quarter for us in new york thank you here is fourth largest airline is in crisis. action a yak has announced he's stepping down off the stuff rej

buffett is not going anywhere.on twitter with elon musk this week. -- g to hear from this is bloomberg. ♪ betty: this is daybreak asia. a company trying to combine social media with cryptocurrencies. a blockchain social media platform founded two years ago has about a million accounts. joining us now from tokyo is the scott.t scott --n ned how does it work? walk us through the business model. how do you earn money to pay for posts? >> thank you for having me on. very excited to be here. to give you a brief synopsis, we that steam it -- steemit is built on top of a blockchain called steem. it does she redid my than $50 million worth of cryptocurrency over the last two years. yvonne: where are the revenues coming from? you talk about advertising revenue for you guys. depending on these accounts and what they actually post, that leads to more eyeballs and potentially more people coming through. contentle have said the is low quality, given that some of the users are trying to earn a quick walk. they are building a rep

we'll get some of the headlines from the annual berkshire meeting and her conversation with warren buffettrst, jon fortt sits down with satya nadella after the company kicks off its build conference. >> i can't tell you everything yet. that developer conference is literally starting right now some news we will share with you as it happens. as you expect, we had a conversation about cloud, about artificial intelligence, about his leadership at microsoft and even some things that he got wrong in his first years at the company. though, there aren't many. the stock is near all-time highs around 95, 96 bucks a share. we talk trade and china specifically we covered a lot of ground, carl i had a chance, of course, to sit down with him. it was wide ranging. and so we'll have a lot to share. i'm going to share a little bit right now. let's do it. >> if you look at amazon and us, if there's one common ground we have between us is that we believe in our personal digital assistance, whether it's alexa and cortana, in fact, working with each other. i think that sometimes strategies can work for some of

by one-on-one life with warren buffett and charlie munger.through the thought mind, ask them what happens when they decide they want to buy a business. what does each one of them look for and what do they push back on? a fascinating master class of its own right here in the fox business network. back to you. cheryl: a lot more coming up in sports. kevin durant blowing away the new orleans pelicans. garrett maxes coming in. oil topping 70 bucks a barrel for the first time since 2014. we'll decided push about 80 bucks a barrel. the less there than flynn. looking at futures higher. down 59 the premarket. nasdaq up 42.5. we will be right back. to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife. this endangered species is ge

warren buffett proposed an uber investment earlier this year.o have billion, but the talks did not lead anywhere. joining us now is eric newcomer who broke the story. was this uber reaching out or warren buffett offering on his own? >> this was a serious twotiation between the post-softbank deal in january. they were discussing back-and-forth different configurations and deal sizes. more than $3me in billion and centered around that number. there is talk on uber side of lowering the number. the proposed deal offers very favorable terms to buffet. that was the concern on the air uber size. julia: warren buffett is known for being pretty widely in these situations. we saw that in the financial crisis. it does cost and make great returns for him. >> it is funny because the financial crisis was this global disaster. this was a disaster of uber's own making. by the time they are having serious conversations with warren buffett, they already had the new ceo in september and softbank had come to the table. the belief was we are turning the page on our

andhave the buffett news now you get into a june, september quarter. i think now this could be the yellow brick road to a $1 trillion market cap. aheadk there is good news . >> that said, you know the smartphone market is saturating traded will apple continue to defy the odds and how far away are they from the $1 trillion mark? the question, can you sustain this growth, for a long time, tech was one of the primary sectors you could go to. is shareholder friendly how of apple. >> alibaba shares also jump today. they have been unapologetic about ramping up their investment in they say that will continue. what do you make of that. growth are in super mode. at 60% the e-commerce growth. they are even investing on cloud. i think this is an opportunity. alibaba is in a massive position and that is why the investors are cheering this strategy. i think this is another vote of confidence for this e-commerce really.s the two giants it is a to war -- two horse race. i think they will continue to expand to other areas and that is why this investment, i think it is

away warren buffett knows and understands that.much so that he bought a basket of a 75 million apple shares the oracle of omaha back with me this morning. i record high. up to 4% since this was all disclosed. i would love to know how you purchased it. on the open market. day by day we monitor it. and that's how we write virtually everything. i would just tell mark in the morning just to 5% of the volume or whatever it may be. you ran into position already who was the first to bring apple to your table? >> one of our managers told me about it. i knew steve jobs a little bit. i had been familiar with the company but i got a get a perspective on it in development it just occurred to me as one of the great consumer product ever. better than the popcorn maker much more than icloud. a shareholder sent me an iphone ten in the sent me a very nice one with it. i will get to it. eventually. amazon is obviously a freight train. it's quite unbelievable. when you start to hear rumblings in washington dc it's break this up. this is pure capitali

buffett and mr.onger share, one of great hope, but they're very practical and they're very genuine. something mr. monger said today is an ounce of protection is worth a ton of cure. and really how to protect our businesses. it is critical. liz: she has protected the kathy ireland brand. look at this, bucket owns seas. i made my own seas candy. honey marshmallow dipped in buttery carmel. you have a to do dip it in the carmel, place it on the cookie sheet. i think i did better than warren buffett, but it wasn't easy. he did one, yeah. you dip, there is a whole, there is a whole effort to it. i'm never going to be the martha stewart here. berkshire meeting in omaha is study in capitalism and master class in investing. we love bringing it to you. in case you missed any of it, go to lizclaman.com to watch all the videos and interviews with the "weekend with warren." follow me on twitter, at. liz: claim like our facebook page. why listen to warren buffett? $100 invested 53 years ago today, when he bought b

warren buffett doesn't tweet but he does have an@warren buffett. >> thank you so much. >>> bank of america will give financial support to remington, the bank will go make a. this comes weeks after bank of america said it would stop financing military style weapons for civilians after the florida school shooting massacre in february. bank of america is contributing $43 million-$193 million lending package by seven banks. the goal of the loan is to help remington get back on its feet as it emerges from bankruptcy. >>> two big names in the world of coffee are teaming up to take on a powerful rival. nestli will pay starbucks more than $7 billion in cash to a nestli to start selling starbucks products in nestli's coffee systems beginning next year. nestli's capsules are competing with the kuerig cups. k's include pete's and green mountain coffee. starbucks will make coffee in north america and starbucks will make coffee for the -- nestli will make coffee for the rest of the well. >>> grocery stores, convenience stores, restaurants, vending machines, eating movie theaters have to have a calorie

i will start with you -- a big vote of confidence from buffett. what is your read?> going through a white knuckle period over the last two weeks, you have the buybacks, and now you really get into june september quarters, a massive product cycle on the horizon. this could be the yellow brick road to a true billion dollar market cap, and i think ?nvestors are starting >> that said, the smartphone market is saturated. will apple continued to defy the odds, and if so, how far away is it from that $1 trillion mark? >> what is important is for u.s. tech in general, can you sustain this type of growth? for a long time, tech was one of the primary sectors you would go to if you are looking for the earnings growth moving forward. seen is ine shareholder friendly activity out of apple, something we have talked about in terms of a broad market buyback. alibaba shares jumped on the back of earnings, they have been unapologetic about ramping up investments in say that will continue. what do you make of that? in super growth mode, you saw them with that 60% growth, investing on

when buffett speaks, investors listen. have they? jens: they have. stock of apple just here in the friday session was up 4%, and reaching a new record high for the week. the apple stock is up a good 13 percent, and those are astonishing numbers. warren buffett's company berkshire hathaway owns 420 million apple shares, with a value of $242 billion. really breathtaking numbers we are seeing here. the funny thing is worn buffet usually like to buy when stocks are under pressure, and that was true for the apple stock earlier this year, but definitely not right now. i am certain that at this price, warren buffett would not start buying apple stocks again, but he did so in the past. it was good enough for investors to jump on the wagon. helena: thank you. europe's fourth largest airline is in crisis. the ceo is stepping down after staff rejected an offer to pay off strikes. this comes on the same day quarterly figures show the company has entered further losses. >> it has been a turbulent fear months -- few months for air france as they raise wages. a tot

buffett has bought more up of stock than any other investor in the past. before you go what would you do if you were in your car and saw piles of banknotes all along the roadside would you give it back to its rightful owner or just keep going would you pour. over and just help yourself commuters in indianapolis in the us face that exact dilemma on wednesday of interstate highway the doors of a brinks truck suddenly flew open propelling hundreds of thousands of dollars into the air drivers pulled over eager to grab the cash but state police say all those who pocketed the cash will be found and charged with. just recapping our top story u.s. prosecutors have. more on that course. and the business team here and. in the next hour before you go here is a real time check on global markets at this hour thank you very much for watching. baseball strike me take football personally. world cup next around. the globe with football john spain the european champion portugal. and morocco and iran to even make it out of the group stage. groupie. more intrigued by the inte

buffett made the disclosure.buying 75 million shares in the first quarter of this year. worked out to be more than $11 billion. berkshire is pretty much the third largest shareholder of apple. you can see the stock definitely got a pop on that. berkshire hathaway's stock moved on it. people here are very interested but they're not overwhelmed by something like that. they are most interested in hearing about berkshire and the views of warren buffett and charlie monger who will take the stage tomorrow here at the centurylink right in downtown omaha, nebraska. what will they say about the economy, jobs. looking really good. trust me they are making a lot of money. inflation, will that somehow rear its head too quickly? who knows. we can show you lines today. remember the meet something not even today, it is tomorrow. the lines of people just winding around, very long blocks. this was just to as they opened this floor where most of warren's biggest businesses, plus consumer, are on the floor and shareholders get a bi

will have a very special surprise guest to join warren buffett.00 p.m. eastern right here on the fox business network. >>> and speaking of charlie munger, warren buffett's right-hand man for decades telling us five years ago when bitcoin was in infancy what he really thinks about the cryptocurrency. >> bitcoin, this digital currency that's out there that people say it might be the next big thing, what do you think? >> i think it's rat poison. [laughter] >> put him down as undecided. liz: hey, he calls it rat poison but bitcoin was trading around $115 then. now as you see it's at $9,612 per coin. that's a stunning move. goldman sachs jumping on the cryptotrain announcing plans to open first cryptotrading desk but now have a market veteran echoing charlie munger throwing cold water on bitcoin during the milken conference panel, bitcoin is, quote, for suckers. we bring back our floor show trader. teddy are you in the rat poison club or the bitcoin bull club? >> i'm too old. you know, when i think of so many things they found unbelievable in my wall s

besides warren buffett we talked to so many of his managers. he owns 63 companies.man tom to see all of our -- liz claman.com to see all of our archive inters. and you can look us on facebook.com/lizclaman. >>> we've got this, a media merger battle steaming and brewing like the volcano on kilauea on wall street. the closing bell ringing in about 17 minutes. comcast makes a major move to crash disney's bid for fox. but there is one thing comcast ceo brian roberts must see first before he opens his wallet. charlie gasparino's been ahead of the game on this story. he's going to join us with all the latest details on what is shaping up to be the media fight for the ages. charlie breaks it next on "countdown." and tonight be sure to turn in for a special "cavuto coast to coast," election 2018 in ohio and west virginia beginning at 8 p.m. eastern only on fox business. the dow is down just three points. ♪ ♪ did you understand all the fees you were paying? was your broker a fiduciary? were you satisfied with the attention you were getting? then i explain that being independ

first on fox business, we welcome grandson of warren buffett, howard buffett.at to see you. >> liz thanks so much foresee ing me. liz: before we get to the book this uber investment does it surprise that he thought about it and the terms weren't right so he walked away. what's his thinking on this? >> yeah, that's an interesting question i actually haven't had the opportunity to speak to him about it specifically so i don't want to put words in his mouth but generally what uber really shows us is people's kind of yearning for interconnect ever it and building something on a technology platform that enables folks to link up with each other and provide important services i think shows us how powerful that system is something we talk about in our work as well. liz: and it was probably attractive to your dad because he's told me that automated vehicles and we know uber is going that way, will eventually hurt his big insurance company, geiko, but so you would think that solar or wind might have hurt some of his berkshire energy investments but he hedges his bets he

you have a big shareholder, one of your top 10, in warren buffett berkshire hathaway.ting something like $750 million. margaret: we learned when the market learned. we did not know ahead of time. we were extraordinarily excited about the fact they took the opportunity to invest in us. i think they are looking at the stability of the business, the fact we have been able to grow, that we are investing for the future. i think they see we were giving opportunity to invest in us. good returns to our shareholders. i think that is the reason. i have not had a personal conversation with warren about the investment, but obviously excited to have them as shareholders. david: i think there are a lot of ceos who would not mind warren buffett investing in their company. he says he invest in management. have you had further contact with berkshire hathaway? margaret: we met with them after they invested and did make a visit to omaha to visit with them. that was after they invested. david: has it changed your life, your company? have other people invested because of warren? margaret:

warren buffett says he is buying more apple. we will be in omaha for what to expect from the animal shareholder meeting this weekend. more to come, but we are 30 minutes into the trading day, and julie hyman is here. we typically might see some selling. julie: we are seeing an indecisive day. there's is no room for stocks with the volatility we have seen. we are seeing not much change overall in the wake of the jobs were are dust jobs report this morning that was mixed when it -- in the wake of the jobs report this morning that was mixed when it comes to overall estimates. a lot to way here. if you look at the s&p 500 the past five days, we have seen four of the past five days be negative. this is as investors are trying this as good as it gets. that sentiment encapsulated in the caterpillar conference call earlier in the week. if you look at the economic data, there is the question that remains as well. we have the economics of price index for the united states. that is in blue. that is just buy what margin are economic data po

buffett and monger, berkshire hathaway parents have been touting it.icked up 70 million shares, saying all kinds of wonderful things about apple. that helped give it a boost. six days in a row of gains, haven't seen a boost like that in six years, since 2017. west texas, 70.70. that is above the key crucial $70 mark. oil up four days in a row, more than 16% in 2018, you mentioned iran, venezuela, that story and less production and more demand has cut down the glut. all these stories help put the oil picture together. apache, exxon, just to name a few. trish. trish: nicole, thank you very much. we'll keep checking in with you. former secretary of state john kerry has been reportedly meeting with iran officials all in an attempt to save the nuclear deal. i'm asking is his shadow diplomacy actually illegal? you will hear my intel on this next. into retirement... and a little nervous. but not so much about what market volatility may do to their retirement savings. that's because they have a shield annuity from brighthouse financial, which allows them to ta

step backwards for law enforcement and the residents of the community now despite the fact that buffett's comments but legal medical marijuana dispensaries and the cartels on the same level these are what has dog lovers ready to buy a girl's it was the state of illinois macon county canine training academy chad warner claimed that quote because many canines are trained not to be social so their work might be affected in a number of dogs would likely have to be euthanized. here's the thing the military outlawed the practice of euthanizing military dogs almost two decades ago when it was clear that these animals were perfectly capable of living safe productive lives after their canine service and so what is it really going on here in illinois is it your concern for animals or is it about all the cash you see through those roadside stops with your canine friends and that is a great point that you just made the plaza like holding the dogs is hostage like you know we're going to kill the dog you know the police dogs it don't go if you legalize it decriminalized several hundred you along with y

buffett financial adviser tracy brett hull.oesn't do a lot of interviews by friday of "fox business" exclusive you will meet tracy brett cool. how she's turned around the pampered chef so well that warren buffett has put her in charge of a bunch of other subsidiaries in along with trace at the ceo of the company i'm pretty sure everyone of your refrigerators have these products in it at some point. bernardo heath of kraft heinz. brooks ceo jim weber and famed investor mario gabelli and on saturday i'll be giving you live updates for the convention floor during a meeting going live on facebook and tweeting all day with breaking news from the shareholder meeting and of course folks it's all going to culminate on monday. the claiming countdown live with the oracle of omaha himself ceo warren buffett along with his best friend of vice chair charlie munger and yes we will be joined by surprise special guest. we will be the first ones to nab this interview following the board of directors entity which breaks up right before right our

what can we learn from warren buffett? let's start with the obvious the greatest investor of our time maybe the greatest who has ever lived. at least until we saw president trump's tweet about a decision on the iran deal and we gave up most of our gains. but look, if we get hit with a sell off caused by negotiations with iran, this is the pullback that makes buffet want to buy stock hand over fist buffet is an old fashion guy, he believes in progress and he believes in america. so when we hear him speak like in his fantastic interview this morning in the wake of the berkshire hathaway annual meeting, he extentends to be a reassuring voice by the way, if you missed becky's new documentary about warren buffett, you can catch it right after the show tonight 7:00 eastern sure, he has made mistakes, but nobody is perfect. besides buffet has far more winners than losers. he knows that failure is a better teacher than success. now it is one thing to make a mistake that actually makes you money, but something else to miss out an i

the terms were pretty favorable to buffett.re were terms questions, may be by reducing the size of the deal, getting less out of you. it does seem they could not come to an agreement, it fell apart. yvonne: is that bad for uber? or do we see this as a position of strength of they came from, that perhaps they did not need this type of investment from buffett, and it is not as troubling as it seemed? eric: it is nice to have berkshire hathaway's money, but uber is very well capitalized. they have over $6 billion and they raised another $1.5 billion in term loans. there is pretty of money -- plenty of money. of years past, they lost $4.5 billion in 2017. they may be starting to turn a corner this year. it seems they are in a better position in terms of needing money. there is the ceo dara khosrowshahi, who has helped turn the page in terms of scandals they faced last year. ramy: you never know, something could change in the future. we will leave it there. eric newcomer, thank you. theill be speaking with s&p's best performer last

fan boy for many, many years and one of my business goals in life has been to get warren buffett tot in something that i'm involved in and so far i failed. so maybe, maybe one day i can convince him that, you know, times would be right and he would be willing to honor us with an investment it hasn't happened and he's, i think, warren can invest anywhere, any time >> david, the other big news, of course, randall stevenson of at&t if a government wins? i don't want to go there and asked about sprint and he said they had a hill to climb, in has words and the doj decision did not surprise him and reiterated this vision of pairing and the ad inventory from the likes of turner with all of the customer data over at at&t and said we're on the cusp of very big corners in technology, which of course, we've talked about for a while here, that are going to change the ad-supported business model over the next five to six years. listen to that >> you're seeing a lot of things play out that are following kind of a set formula and that is nobody really knows what the future's going to look like fiv

>> how can you not say warren buffett? i mean, what's distinguished about buffett's record, which i don't think people talk about enough, is the tax aspects of his record in other words, about 30 years ago, 40s years ago, one of his annual reports, we would have to go on your website, you have all of his stuff, he pointed out if you were smart enough to buy that year's great stock, up 15%, at the end of the year, you sold it and bought next year's great stock that went up 15% and sold it, et cetera, as opposed to finding a great compound, a 15% grower you held on, 40 years from today, you would have thousands of times more money after tax. he's very tax conscious investor so his returns pre-tax are competitive, his returns after tax are enormous because of the way he runs his money. and people don't really look at that but look, you would have to give himample credit. there's some great traders a good friend of mine who i have enormous respect for is stan drucker. there are others like stan but warren is a very tax-sensiti

neil: all right warren buffett no one has made more investing than warren buffett in human history it's a simple fact so his thoughts weighing in on developments on the world they're monitoring and watching liz claman is out in omaha and a lot more from her coming up and a lot more from warren buffett coming up and his thoughts on the world and these chinese talks back and forth which seems to imply that it's not a war in his eyes, but skirmishes can get out of control and jonas max ferris knows about it and kind of worries about it and he's just saying maybe cooler heads prevail but our economic avenger dream team came back, and they didn't have anything. they came back empty handed. what do you think? >> it seems like an agree to not agree meeting which at this point is good. it could have gotten worse and it's not solved the chinese aren't going to magically make a $200 billion trade deaf nit just disappear. neil: if they disagree they didn't want to set an arbitrary number to pair that surplus, right? >> no and you really can't. i mean, what would, ideally, they would stop doing cer

they have the buffett double down all of it is playing a role as to why this stock has new life >> he's buying 10s of billions of stock, talking it out of the market the company is doing the same thing. could you imagine if only they could innovate, where this company would be by the way, we can't run the counterfactual, we can't go back in time and prevent buffett from announcing he bought the huge amount of shares he bought on top of what he already owns. we don't have the ability to do that, but i do think in hindsight, of course, that represented a major turning point for the market so now you're looking at the first two back-to-back up weeks for the nasdaq 100 since february you've got 61% of the s&p back above the 50-day, short term moving average again, the best level since what we saw pre-february flush. you've got names like nvidia come out with a blockbuster report, open down, now well off the lows you look at facebook, google, very important stocks in the market, both up 5% on the week and i think tech continues to lead apple continues to be a very important part of that mayb

warren buffett obviously is a very big investment mind. probably one of the most iconic investment names in u.s. history for sure. he talked a little bit about the trade war. he does say he does not think he's going to have a trade war. also it's not in the charge of either china or the united states to be engaged in a trade war. they have a very common thread. something to watch there. he does also mention the idea of trade deficits. he says he has a close eye on them right now. he doesn't like the idea we can perhaps import all of this stuff and not give anything back in return except for debt in our treasury market. those are things that concern him. he also said on balance with everything the way that it is, the stock market is still a great place to invest. he had these words for all of those investors out there who are wondering if you can time the market. he says you can't. take a listen to what he had to say. >> almost always equity's have been a better buy. if you're going to put away money over time when you're younger, if you bu

warren buffett, investor, teacher, icon.irs tonight at 10 eastern time and stay tune because we got a preview coming up in the next hour of "power." >>> bitcoin up 5% this week but still down 25% this year. critics say it can never be a currency when it's that volatile but what if there was a stable currency >>> plus u president trump arriving in dallas at this hour to speak to the nra. we'll take you the lreive when "power lunch" comes back. >>> look at bitcoin because bitcoin prices are inching up to that 10,000 level once again down slightly today is cryptocurrency. bitcoin and others are very volatile as you all know. bitcoin has lost 46% of its value. what if there were a cryptocurrency that did not wildly fluctuate in value, one that was based on an algorithm that kept the currency consistently at a dollar. joining us now is basis cofounder and naji had you hadar thanks for joining us. >> great to be here. >> how does that work? it sounds almost as -- somebody out there might think is it pegged to the dollar then? >> i